Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
SUTHERLAND SARAH TUW
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O BBBT PO BOX 2907 - TRUST TAX   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

56-6456377
B Telephone number (see instructions)

(704) 954-1125
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,558,354J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 89,641 89,641  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 865,091
b Gross sales price for all assets on line 6a 6,526,328
7 Capital gain net income (from Part IV, line 2)... 865,091
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 67 67  
12 Total. Add lines 1 through 11........ 954,799 954,799  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 53,309 53,309    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 20     0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 5,008 1,027   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 18 18    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,355 54,354 0 0
25 Contributions, gifts, grants paid........ 193,357 193,357
26 Total expenses and disbursements. Add lines 24 and 25 251,712 54,354 0 193,357
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 703,087
b Net investment income (if negative, enter -0-) 900,445
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............   -15,926 -15,926
2 Savings and temporary cash investments.......... 350,331 212,518 212,518
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,452,320 4,308,649 4,361,762
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,802,651 4,505,241 4,558,354
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 3,802,651 4,505,241
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,802,651 4,505,241
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,802,651 4,505,241
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,802,651
2 Enter amount from Part I, line 27a..................... 2 703,087
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 51
4 Add lines 1, 2, and 3.......................... 4 4,505,789
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 548
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,505,241
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 300. DU PONT E I DE NEMOURS & COMPANY     2013-01-02
b 260. DU PONT E I DE NEMOURS & COMPANY     2013-01-02
c 140. EXXON MOBIL CORPORATION     2013-01-02
d 397.273 HARBOR INTERNATIONAL FUND   2007-07-18 2013-01-02
e 1868.838 HARDING LOEVNER INTERNATIONAL EQUITY INS   2010-09-07 2013-01-02
300. INTEL CORPORATION   2007-06-08 2013-01-02
30. KELLOGG COMPANY   2012-06-04 2013-01-02
150. KELLOGG COMPANY     2013-01-02
40.999 KRAFT FOODS GROUP INC COMMON     2013-01-02
85.001 KRAFT FOODS GROUP INC COMMON     2013-01-02
350. ST JUDE MEDICAL INC COMMON     2013-01-02
330. ST JUDE MEDICAL INC COMMON     2013-01-02
780. AMEX FINANCIAL SELECT SPDR   2011-09-01 2013-01-02
1330. AMEX FINANCIAL SELECT SPDR   2012-10-01 2013-01-02
50. TIME WARNER CABLE INC   2012-04-09 2013-01-02
120. WEYERHAEUSER COMPANY   2011-05-06 2013-01-02
200. XYLEM INC COMMON   2012-07-03 2013-01-02
60. TE CONNECTIVITY LTD     2013-01-02
220. AMERICAN EXPRESS COMPANY   2010-11-01 2013-02-22
120. COACH INC   2012-08-14 2013-02-22
60. EXXON MOBIL CORPORATION   2010-08-26 2013-02-22
1166.621 GOLDMAN SACHS GROWTH OPPORTUNITY FD   2009-11-30 2013-02-22
2. GOOGLE INC CL A   2009-03-05 2013-02-22
89. KRAFT FOODS GROUP INC COMMON   2012-10-01 2013-02-22
40. ORACLE SYSTEM CORPORATION   2011-10-17 2013-02-22
60. ORACLE SYSTEM CORPORATION   2012-08-14 2013-02-22
1520. SCHWAB CHARLES CORP NEW   2012-11-01 2013-02-22
600. UTILITIES SELECT SECTOR SPDR FUND     2013-02-22
400. WELLPOINT INC     2013-02-22
40. XYLEM INC COMMON   2012-07-03 2013-02-22
30. TE CONNECTIVITY LTD   2010-03-10 2013-02-22
50. ABB LTD SPONSORED ADR   2012-10-01 2013-02-26
40. CISCO SYSTEMS   2011-01-05 2013-02-26
378.743 FEDERATED MDT SMALL CAP GROWTH FUND CL   2011-06-01 2013-02-26
70.621 FORWARD INTERNATIONAL SMALL COMPANIES FD   2011-06-01 2013-02-26
73.94 OPPENHEIMER DEVELOPING MARKETS FUND CL Y   2011-06-01 2013-02-26
1477.272 STERLING CAPITAL MID VALUE FUND INST CL   2011-06-01 2013-02-26
534.723 VIRTUS QUALITY SMALL CAP FUND CL I FUND   2011-06-01 2013-02-26
135. TE CONNECTIVITY LTD     2013-02-26
900. ABB LTD SPONSORED ADR   2012-10-01 2013-05-07
370. BARRICK GOLD CORP. EFF. 1-18-95     2013-05-07
590. BARRICK GOLD CORP. EFF. 1-18-95     2013-05-07
60. BOEING COMPANY   2012-06-04 2013-05-07
525. CENOVUS ENERGY INC.     2013-05-07
260. CENOVUS ENERGY INC.     2013-05-07
70. CISCO SYSTEMS   2011-01-05 2013-05-07
20. EXXON MOBIL CORPORATION   2010-08-26 2013-05-07
402.015 GOLDMAN SACHS GROWTH OPPORTUNITY FD   2009-11-30 2013-05-07
387.35 HARBOR INTERNATIONAL FUND   2007-07-18 2013-05-07
220. HONEYWELL INTERNATIONAL INC   2011-09-01 2013-05-07
30. INTERNATIONAL BUSINESS MACHINES CORP   2008-09-30 2013-05-07
60. MONDELEZ INTERNATIONAL INC. COMMON   2012-10-01 2013-05-07
60. MONDELEZ INTERNATIONAL INC. COMMON   2007-08-17 2013-05-07
62.765 OPPENHEIMER DEVELOPING MARKETS FUND CL Y   2011-06-01 2013-05-07
50. PNC BK CORP   2013-01-02 2013-05-07
100. PFIZER INCORPORATED   2011-07-01 2013-05-07
40. QUALCOMM INC COMMON   2011-09-01 2013-05-07
633.154 STERLING CAPITAL TOTAL RETURN BOND FUND   2010-11-01 2013-05-07
180. UNITED HEALTH GROUP INC   2012-02-01 2013-05-07
521.891 VIRTUS QUALITY SMALL CAP FUND CL I FUND   2011-06-01 2013-05-07
530. VODAFONE GROUP PLC NEW SP ADR   2013-02-22 2013-05-07
210. XYLEM INC COMMON   2012-07-03 2013-05-07
200. TE CONNECTIVITY LTD     2013-05-07
905. AT&T INC     2013-05-31
150. ANADARKO PETE CORP.   2012-06-04 2013-05-31
140. ANADARKO PETE CORP.   2012-04-09 2013-05-31
1350. BANK OF NEW YORK MELLON CORP     2013-05-31
130. C R BARD COM   2013-05-07 2013-05-31
300. BERKSHIRE HATHAWAY INC DEL CL B COMMON     2013-05-31
420. BOEING COMPANY     2013-05-31
220. CVS CORP COMMON   2011-09-01 2013-05-31
170. CVS CORP COMMON   2013-01-02 2013-05-31
320. CATERPILLAR INCORPORATED     2013-05-31
30. CHEVRON TEXACO CORP COMMON   2008-09-30 2013-05-31
1395. CISCO SYSTEMS     2013-05-31
80. COCA COLA COMPANY   2013-01-02 2013-05-31
400. COCA COLA COMPANY     2013-05-31
330. COMCAST CORP NEW CL A   2009-10-30 2013-05-31
250. DISNEY WALT COMPANY   2007-08-17 2013-05-31
410. DIRECTV COMMON   2013-01-02 2013-05-31
690. EMC CORPORATION COMMON     2013-05-31
400. EMC CORPORATION COMMON     2013-05-31
220. EMC CORPORATION COMMON   2012-02-01 2013-05-31
240. EXPRESS SCRIPTS HOLDING CO COMMON   2011-10-03 2013-05-31
330. EXXON MOBIL CORPORATION     2013-05-31
300.081 FEDERATED MDT SMALL CAP GROWTH FUND CL   2011-06-01 2013-05-31
190. FEDEX CORPORATION     2013-05-31
130. FEDEX CORPORATION     2013-05-31
440. FLUOR CORP (NEW)     2013-05-31
1115. GENERAL ELECTRIC COMPANY     2013-05-31
280. HSBC HLDGS PLC ADR   2013-05-07 2013-05-31
210. HAIN CELESTIAL GROUP INC COMMON   2013-05-07 2013-05-31
270. HONEYWELL INTERNATIONAL INC   2011-09-01 2013-05-31
50. INTERNATIONAL BUSINESS MACHINES CORP     2013-05-31
90. INTERNATIONAL BUSINESS MACHINES CORP     2013-05-31
770. ISHARES DOW JONES US HOME CONSTRUCTION I   2013-05-07 2013-05-31
935. J P MORGAN CHASE & CO     2013-05-31
130. J P MORGAN CHASE & CO     2013-05-31
20. JOHNSON & JOHNSON   2012-08-14 2013-05-31
190. JOHNSON & JOHNSON     2013-05-31
420. MARKET VECTORS ETF   2013-02-22 2013-05-31
735. MERCK & CO INC     2013-05-31
475. METLIFE COMMON     2013-05-31
195. MONDELEZ INTERNATIONAL INC. COMMON     2013-05-31
710. MONDELEZ INTERNATIONAL INC. COMMON     2013-05-31
490. NUCOR CORPORATION   2013-02-26 2013-05-31
30. ORACLE SYSTEM CORPORATION   2011-10-17 2013-05-31
400. ORACLE SYSTEM CORPORATION     2013-05-31
480. PNC BK CORP   2013-01-02 2013-05-31
270. PROCTOR AND GAMBLE COMPANY     2013-05-31
20. SCHLUMBERGER LTD   2008-08-29 2013-05-31
695. SUNCOR ENERGY, INC     2013-05-31
40. TARGET CORP COM     2013-05-31
90. UNITED HEALTH GROUP INC     2013-05-31
410. UNITED HEALTH GROUP INC   2012-02-01 2013-05-31
280. VALERO ENERGY CORP   2013-01-02 2013-05-31
925. WELLS FARGO & CO NEW     2013-05-31
160. WEYERHAEUSER COMPANY   2013-05-07 2013-05-31
795. WEYERHAEUSER COMPANY     2013-05-31
530. PENTAIR LTD COMMON   2012-10-01 2013-05-31
410. TE CONNECTIVITY LTD     2013-05-31
.111 CST BRANDS, INC COMMON   2013-01-02 2013-06-24
20. ANADARKO PETE CORP.   2012-04-09 2013-07-16
10. C R BARD COM   2013-05-07 2013-07-16
31. CST BRANDS, INC COMMON   2013-01-02 2013-07-16
20. CVS CORP COMMON   2011-09-01 2013-07-16
70. CISCO SYSTEMS   2011-01-05 2013-07-16
170. COACH INC   2012-08-14 2013-07-16
60. COCA COLA COMPANY   2011-07-01 2013-07-16
30. DIRECTV COMMON   2013-01-02 2013-07-16
50. EMC CORPORATION COMMON   2011-10-17 2013-07-16
30. FEDEX CORPORATION   2012-11-01 2013-07-16
20. FLUOR CORP (NEW)   2013-01-02 2013-07-16
584.075 GOLDMAN SACHS GROWTH OPPORTUNITY FD   2009-11-30 2013-07-16
10. JOHNSON & JOHNSON   2012-09-05 2013-07-16
20. JOHNSON & JOHNSON   2003-09-10 2013-07-16
50. MERCK & CO INC   2011-12-01 2013-07-16
239.13 METROPOLITAN WEST TOTAL RETURN BOND FUND   2010-09-07 2013-07-16
40. MICROSOFT CORPORATION   2002-08-02 2013-07-16
40. ORACLE SYSTEM CORPORATION   2011-10-17 2013-07-16
20. SCHLUMBERGER LTD   2008-08-29 2013-07-16
94.696 STERLING CAPITAL TOTAL RETURN BOND FUND   2010-11-01 2013-07-16
1964.887 STERLING CAPITAL MID VALUE FUND INST CL   2011-06-01 2013-07-16
80. SUNCOR ENERGY, INC     2013-07-16
40. TARGET CORP COM     2013-07-16
40. UNITED HEALTH GROUP INC   2013-01-02 2013-07-16
60. WELLS FARGO & CO NEW   2011-05-06 2013-07-16
19. APPLE COMPUTER CORPORATION COMMON     2013-08-22
720. BROADCOM CORP CL A COMMON   2013-05-31 2013-08-22
160. COACH INC   2012-08-14 2013-08-22
150. COACH INC   2013-05-31 2013-08-22
107.822 DODGE & COX INCOME FUND   2009-12-31 2013-08-22
400. EMERSON ELECTRIC COMPANY   2013-05-31 2013-08-22
20. EXPRESS SCRIPTS HOLDING CO COMMON   2011-10-03 2013-08-22
89.076 FORWARD INTERNATIONAL SMALL COMPANIES FD   2011-06-01 2013-08-22
15.064 HARBOR INTERNATIONAL FUND   2007-07-18 2013-08-22
160. MARKET VECTORS ETF   2013-02-22 2013-08-22
679.105 PIMCO PIMS FOREIGN BOND FUND   2010-11-01 2013-08-22
40. PEARSON PLC SPONSORED ADR   2013-05-31 2013-08-22
60. TIME WARNER CABLE INC   2012-04-09 2013-08-22
20. PENTAIR LTD COMMON   2012-10-01 2013-08-22
140. ALLERGAN INC   2013-05-31 2013-11-01
30. ANADARKO PETE CORP.   2012-06-04 2013-11-01
70. C R BARD COM   2013-05-07 2013-11-01
20. BERKSHIRE HATHAWAY INC DEL CL B COMMON   2013-02-22 2013-11-01
20. BERKSHIRE HATHAWAY INC DEL CL B COMMON   2009-06-30 2013-11-01
40. CVS CORP COMMON   2013-01-02 2013-11-01
20. CVS CORP COMMON   2011-09-01 2013-11-01
170. CAMERON INT'L CORP COM   2013-05-31 2013-11-01
180. CISCO SYSTEMS     2013-11-01
70. COMCAST CORP NEW CL A     2013-11-01
40. DIRECTV COMMON     2013-11-01
60. EMC CORPORATION COMMON   2011-10-17 2013-11-01
90. EMC CORPORATION COMMON   2013-05-07 2013-11-01
40. EXXON MOBIL CORPORATION     2013-11-01
40. FLUOR CORP (NEW)   2013-05-07 2013-11-01
70. HSBC HLDGS PLC ADR   2013-05-07 2013-11-01
40. HONEYWELL INTERNATIONAL INC   2011-09-01 2013-11-01
20. JOHNSON & JOHNSON   2013-02-22 2013-11-01
80. JOHNSON & JOHNSON     2013-11-01
60. NUCOR CORPORATION   2013-02-26 2013-11-01
100. ORACLE SYSTEM CORPORATION   2011-10-17 2013-11-01
70. ORACLE SYSTEM CORPORATION   2013-02-26 2013-11-01
94.072 PIMCO PIMS FOREIGN BOND FUND   2010-11-01 2013-11-01
570. POTASH CORP SASKATCHEWAN   2013-05-31 2013-11-01
20. PRICELINE.COM INC COMMON   2013-05-31 2013-11-01
60. PROCTOR AND GAMBLE COMPANY   2011-02-10 2013-11-01
50. TIME WARNER CABLE INC     2013-11-01
50. UNION PACIFIC CORP     2013-11-01
550. XYLEM INC COMMON   2012-07-03 2013-11-01
50. PENTAIR LTD COMMON     2013-11-01
12. APPLE COMPUTER CORPORATION COMMON     2013-11-18
240. CAMERON INT'L CORP COM     2013-11-18
330. MICROSOFT CORPORATION   2002-08-02 2013-11-18
110. QUALCOMM INC COMMON     2013-11-18
10071.607 AMERICAN CENTURY DIVERSIFIED BOND FUND #     2013-11-22
3733.465 AMERICAN CENTURY DIVERSIFIED BOND FUND #     2013-11-22
74.349 FEDERATED MDT SMALL CAP GROWTH FUND CL   2013-01-02 2013-11-22
3744.402 FEDERATED MDT SMALL CAP GROWTH FUND CL   2011-06-01 2013-11-22
268.172 FORWARD INTERNATIONAL SMALL COMPANIES FD   2013-01-02 2013-11-22
2390.744 FORWARD INTERNATIONAL SMALL COMPANIES FD     2013-11-22
625.068 GOLDMAN SACHS GROWTH OPPORTUNITY FD     2013-11-22
6029.83 GOLDMAN SACHS GROWTH OPPORTUNITY FD     2013-11-22
284.455 HARBOR INTERNATIONAL FUND     2013-11-22
4066.861 HARBOR INTERNATIONAL FUND     2013-11-22
492.732 HARDING LOEVNER INTERNATIONAL EQUITY INS     2013-11-22
15698.877 HARDING LOEVNER INTERNATIONAL EQUITY INS   2010-09-07 2013-11-22
666.035 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO   2013-05-31 2013-11-22
4892.024 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED T     2013-11-22
17395.28 STERLING CAPITAL TOTAL RETURN BOND FUND     2013-11-22
8602.166 STERLING CAPITAL TOTAL RETURN BOND FUND     2013-11-22
6634.491 STERLING CAPITAL SPECIAL OPPORTUNITIES FUND INST CL FUND # 32     2013-11-22
14238.813 STERLING CAPITAL MID VALUE FUND INST CL     2013-11-22
3899.218 VIRTUS QUALITY SMALL CAP FUND CL I FUND   2011-06-01 2013-11-22
470. ABBOTT LABORATORIES     2013-12-03
340. ABBVIE INC COMMON   2013-05-31 2013-12-03
125. AMAZON INC COMMON   2013-05-31 2013-12-03
76. APPLE COMPUTER CORPORATION COMMON     2013-12-03
24. APPLE COMPUTER CORPORATION COMMON     2013-12-03
2713.263 ARTISAN MID CAP GROWTH FUND CLASS I #962 CLOSED TO NEW EMP BE   2013-11-22 2013-12-03
480. BAXTER INTERNATIONAL INCORPORATED     2013-12-03
60. BLACKROCK INC COMMON     2013-12-03
205. CHEVRON TEXACO CORP COMMON     2013-12-03
70. CHEVRON TEXACO CORP COMMON     2013-12-03
310. COCA COLA COMPANY     2013-12-03
110. COCA COLA COMPANY   2011-07-01 2013-12-03
360. COMCAST CORP NEW CL A     2013-12-03
210. COSTCO WHOLESALE CORP     2013-12-03
460. DANAHER CORP COMMON   2013-05-31 2013-12-03
240. DISNEY WALT COMPANY     2013-12-03
185. DISNEY WALT COMPANY     2013-12-03
3561.494 DODGE & COX INCOME FUND     2013-12-03
11009.755 DODGE & COX INCOME FUND     2013-12-03
330. EBAY INC     2013-12-03
200. EXPRESS SCRIPTS HOLDING CO COMMON   2011-10-03 2013-12-03
280. EXPRESS SCRIPTS HOLDING CO COMMON     2013-12-03
870. GENERAL ELECTRIC COMPANY     2013-12-03
180. GENERAL ELECTRIC COMPANY     2013-12-03
560. GENERAL MILLS, INCORPORATED     2013-12-03
100. GENESSE & WYO INC CL A     2013-12-03
630. GILEAD SCIENCES INC     2013-12-03
33. GOOGLE INC CL A     2013-12-03
22. GOOGLE INC CL A     2013-12-03
220. INFORMATICA CORP     2013-12-03
645. INTEL CORPORATION     2013-12-03
730. INTEL CORPORATION     2013-12-03
120. INTERCONTINENTALEXCHANGE COMMON GROUP   2013-05-31 2013-12-03
5040.13 CENTER COAST ADVISORY RESEARCH MLP&ENERG   2013-11-22 2013-12-03
675. CEF ISHARES TR S&P   2013-11-22 2013-12-03
970. JUNIPER NETWORKS INC   2013-05-31 2013-12-03
920. KINDER MORGAN INC COMMON     2013-12-03
220. LOWES COMPANIES INCORPORATED     2013-12-03
770. MAXIM INTEGRATED PRODUCTS INC COMON     2013-12-03
310. MCDONALDS CORPORATION     2013-12-03
490. METLIFE COMMON     2013-12-03
180. METLIFE COMMON   2013-01-02 2013-12-03
14573.18 METROPOLITAN WEST TOTAL RETURN BOND FUND     2013-12-03
4834.689 METROPOLITAN WEST TOTAL RETURN BOND FUND     2013-12-03
390. MICROSOFT CORPORATION     2013-12-03
1140. MICROSOFT CORPORATION     2013-12-03
550. MONSANTO CO COMMON     2013-12-03
380. NOVARTIS AG   2013-05-31 2013-12-03
360. OCCIDENTAL PETE CORP   2013-05-07 2013-12-03
370. OMNICOM GROUP INCORPORATED     2013-12-03
1096.639 OPPENHEIMER DEVELOPING MARKETS FUND CL Y     2013-12-03
1590.179 OPPENHEIMER DEVELOPING MARKETS FUND CL Y   2013-11-22 2013-12-03
99.593 OPPENHEIMER DEVELOPING MARKETS FUND CL Y     2013-12-03
4720.347 PIMCO TOTAL RETURN FUND 35     2013-12-03
13027.186 PIMCO TOTAL RETURN FUND 35     2013-12-03
1100. PEARSON PLC SPONSORED ADR     2013-12-03
365. PEPSICO INCORPORATED     2013-12-03
150. PERRIGO COMPANY     2013-12-03
40. PFIZER INCORPORATED   2013-01-02 2013-12-03
1000. PFIZER INCORPORATED     2013-12-03
540. PHILIP MORRIS INTERNATIONAL     2013-12-03
210. PHILIP MORRIS INTERNATIONAL     2013-12-03
240. PRICE GROUP INC FORMERLY AKA PRICE TO ROWE & ASSOC     2013-12-03
14. PRICELINE.COM INC COMMON     2013-12-03
810. QUALCOMM INC COMMON     2013-12-03
370. QUALCOMM INC COMMON     2013-12-03
70. ROCKWELL INTERNATIONAL CORP NEW     2013-12-03
550. ROGERS COMMUNICATIONS INC INC     2013-12-03
430. SCHLUMBERGER LTD     2013-12-03
30. SCHLUMBERGER LTD   2013-08-22 2013-12-03
1000. SPECTRA ENERGY CORPORATION   2013-05-31 2013-12-03
420. STARBUCKS CORPORATIONS COMMON   2013-05-31 2013-12-03
160. TARGET CORP COM     2013-12-03
295. TARGET CORP COM     2013-12-03
530. TEXAS INSTRUMENTS INCORPORATED   2013-05-31 2013-12-03
130. TIME WARNER CABLE INC   2013-05-31 2013-12-03
60. TIME WARNER CABLE INC     2013-12-03
310. THE TRAVELERS COMPANIES INC.     2013-12-03
750. UNILEVER PLC-SPONSORED ADR     2013-12-03
200. UNION PACIFIC CORP     2013-12-03
230. UNITED PARCEL SERVICES B   2013-05-31 2013-12-03
190. VMWARE INC CLASS A COMMON   2013-05-31 2013-12-03
240. WELLPOINT INC     2013-12-03
230. ACCENTURE PLC CL A     2013-12-03
110. EATON CORP PLC   2013-11-18 2013-12-03
550. ENSCO PLC     2013-12-03
60. MICHAEL KORS HOLDINGS LTD     2013-12-03
9216.852 PIMCO LOW DURATION INSTITUTIONAL   2013-11-22 2013-12-16
520. ISHARES MSCI EAFE SMALL CAP INDEX FUND   2013-12-03 2013-12-30
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 13,683   14,967 -1,284
b 11,858   11,132 726
c 12,255   8,015 4,240
d 25,096   28,902 -3,806
e 30,350   24,444 5,906
6,336   6,471 -135
1,699   1,610 89
8,494   7,835 659
1,886   1,772 114
3,909   2,757 1,152
12,729   15,882 -3,153
12,002   13,147 -1,145
13,065   10,277 2,788
22,277   20,991 1,286
4,927   3,990 937
3,476   2,658 818
5,530   5,084 446
2,268   1,614 654
13,624   9,119 4,505
5,715   6,544 -829
5,332   3,525 1,807
30,670   22,539 8,131
1,596   633 963
4,170   3,953 217
1,370   1,250 120
2,055   1,888 167
25,192   20,715 4,477
22,160   22,213 -53
25,199   23,963 1,236
1,112   1,017 95
1,216   805 411
1,122   952 170
824   833 -9
5,283   4,696 587
1,001   1,076 -75
2,589   2,639 -50
23,119   21,347 1,772
7,112   6,615 497
5,355   3,721 1,634
20,439   17,136 3,303
7,293   12,618 -5,325
11,629   29,381 -17,752
5,684   4,049 1,635
15,954   16,714 -760
7,901   8,578 -677
1,421   1,458 -37
1,819   1,175 644
11,200   7,767 3,433
25,712   28,180 -2,468
16,902   10,491 6,411
6,097   3,485 2,612
1,876   1,643 233
1,876   1,221 655
2,266   2,240 26
3,437   2,961 476
2,893   2,064 829
2,558   2,049 509
6,977   7,180 -203
10,898   9,604 1,294
7,228   6,456 772
16,051   13,157 2,894
5,811   5,338 473
8,951   5,470 3,481
31,940   31,532 408
13,215   9,603 3,612
12,334   10,607 1,727
40,907   36,198 4,709
13,492   13,246 246
34,330   20,491 13,839
41,870   29,034 12,836
12,788   7,964 4,824
9,881   8,378 1,503
27,577   29,150 -1,573
3,723   2,456 1,267
33,919   26,716 7,203
3,227   2,959 268
16,136   13,685 2,451
13,315   4,820 8,495
15,950   8,131 7,819
25,375   21,100 4,275
17,195   15,921 1,274
9,968   9,599 369
5,482   5,687 -205
15,038   8,703 6,335
30,130   24,600 5,530
4,630   3,721 909
18,428   17,258 1,170
12,608   12,883 -275
28,125   27,082 1,043
26,169   19,148 7,021
15,453   15,982 -529
14,053   13,279 774
21,371   12,876 8,495
10,496   10,121 375
18,893   11,579 7,314
18,842   19,389 -547
51,527   38,188 13,339
7,164   5,061 2,103
1,700   1,374 326
16,154   9,435 6,719
12,281   16,034 -3,753
34,743   24,489 10,254
21,223   17,777 3,446
5,784   3,880 1,904
21,061   19,076 1,985
21,976   21,344 632
1,024   938 86
13,647   13,358 289
34,591   28,423 6,168
20,851   16,710 4,141
1,473   1,888 -415
21,239   23,365 -2,126
2,792   2,147 645
5,711   4,927 784
26,015   21,876 4,139
11,446   8,945 2,501
37,887   22,809 15,078
4,808   5,026 -218
23,889   17,634 6,255
31,121   22,739 8,382
18,389   13,780 4,609
4   3 1
1,763   1,515 248
1,123   1,019 104
979   801 178
1,216   724 492
1,799   1,458 341
9,841   9,270 571
2,426   2,033 393
1,948   1,544 404
1,263   1,231 32
3,098   2,785 313
1,214   1,206 8
16,909   11,284 5,625
901   675 226
1,803   1,039 764
2,402   1,785 617
2,530   2,542 -12
1,453   878 575
1,282   1,250 32
1,522   1,888 -366
1,001   1,077 -76
35,957   28,393 7,564
2,489   3,054 -565
2,886   2,147 739
2,675   2,198 477
2,572   1,699 873
9,511   4,770 4,741
18,231   26,090 -7,859
8,386   8,725 -339
7,862   8,817 -955
1,445   1,397 48
24,736   23,243 1,493
1,289   725 564
1,415   1,357 58
1,012   1,096 -84
4,698   6,108 -1,410
7,124   7,389 -265
824   747 77
6,530   4,788 1,742
1,239   858 381
12,681   14,102 -1,421
2,816   1,921 895
9,456   7,133 2,323
2,311   2,008 303
2,311   1,155 1,156
2,503   1,971 532
1,252   724 528
9,262   10,439 -1,177
4,038   3,426 612
3,375   1,112 2,263
2,535   1,954 581
1,425   1,477 -52
2,138   2,086 52
3,567   3,173 394
2,972   2,419 553
3,844   3,996 -152
3,474   1,908 1,566
1,857   1,525 332
7,427   4,425 3,002
3,141   2,614 527
3,347   3,126 221
2,343   2,407 -64
1,000   1,024 -24
17,878   24,062 -6,184
20,907   16,123 4,784
4,859   3,882 977
6,081   3,767 2,314
7,588   7,739 -151
18,219   13,981 4,238
3,352   2,554 798
6,282   3,077 3,205
13,354   14,471 -1,117
12,329   7,242 5,087
7,923   5,676 2,247
107,766   112,107 -4,341
39,948   41,159 -1,211
1,353   1,000 353
68,148   46,431 21,717
4,548   3,741 807
40,547   35,473 5,074
19,883   16,459 3,424
191,809   128,498 63,311
20,142   18,371 1,771
287,974   273,053 14,921
8,820   7,956 864
281,010   205,341 75,669
12,861   12,648 213
94,465   86,671 7,794
183,694   194,274 -10,580
90,839   93,258 -2,419
152,328   124,048 28,280
287,054   204,852 82,202
66,248   48,233 18,015
17,615   17,338 277
17,000   15,010 1,990
48,257   33,826 14,431
42,695   24,197 18,498
13,483   11,884 1,599
124,132   125,000 -868
32,275   33,744 -1,469
17,905   16,780 1,125
25,014   16,388 8,626
8,541   7,789 752
12,480   11,915 565
4,429   3,728 701
17,413   6,949 10,464
25,977   23,298 2,679
33,929   28,729 5,200
16,699   13,745 2,954
12,872   6,061 6,811
48,543   46,347 2,196
150,063   150,399 -336
17,127   17,841 -714
13,328   7,253 6,075
18,659   16,728 1,931
23,002   14,137 8,865
4,759   4,196 563
28,190   26,808 1,382
9,588   9,742 -154
46,015   34,843 11,172
34,804   18,779 16,025
23,203   19,214 3,989
8,397   8,049 348
15,131   14,336 795
17,126   17,693 -567
25,617   20,838 4,779
61,540   62,598 -1,058
71,637   71,682 -45
19,623   17,331 2,292
32,172   34,915 -2,743
10,190   11,032 -842
21,768   22,711 -943
29,862   30,164 -302
25,137   18,272 6,865
9,234   6,281 2,953
155,350   154,271 1,079
51,538   52,662 -1,124
14,903   12,457 2,446
43,562   27,951 15,611
61,511   55,968 5,543
29,822   27,308 2,514
34,120   32,128 1,992
26,170   23,159 3,011
40,696   36,526 4,170
59,012   59,409 -397
3,696   3,449 247
51,263   52,786 -1,523
141,475   144,052 -2,577
23,925   20,568 3,357
30,565   23,912 6,653
23,319   21,401 1,918
1,254   1,025 229
31,359   21,240 10,119
46,094   49,219 -3,125
17,925   18,626 -701
19,139   18,386 753
16,466   11,580 4,886
59,283   51,491 7,792
27,080   20,251 6,829
7,766   7,169 597
24,304   21,524 2,780
37,685   30,104 7,581
2,629   2,453 176
33,630   30,776 2,854
33,809   26,661 7,148
10,056   9,549 507
18,540   16,640 1,900
22,662   19,133 3,529
17,505   12,561 4,944
8,079   4,565 3,514
27,481   26,186 1,295
29,894   31,296 -1,402
32,509   31,313 1,196
23,439   19,867 3,572
15,304   13,633 1,671
22,300   18,836 3,464
17,716   16,982 734
7,838   7,980 -142
32,416   33,092 -676
4,839   4,383 456
95,394   95,763 -369
26,436   25,688 748
      18,654
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -1,284
b       726
c       4,240
d       -3,806
e       5,906
      -135
      89
      659
      114
      1,152
      -3,153
      -1,145
      2,788
      1,286
      937
      818
      446
      654
      4,505
      -829
      1,807
      8,131
      963
      217
      120
      167
      4,477
      -53
      1,236
      95
      411
      170
      -9
      587
      -75
      -50
      1,772
      497
      1,634
      3,303
      -5,325
      -17,752
      1,635
      -760
      -677
      -37
      644
      3,433
      -2,468
      6,411
      2,612
      233
      655
      26
      476
      829
      509
      -203
      1,294
      772
      2,894
      473
      3,481
      408
      3,612
      1,727
      4,709
      246
      13,839
      12,836
      4,824
      1,503
      -1,573
      1,267
      7,203
      268
      2,451
      8,495
      7,819
      4,275
      1,274
      369
      -205
      6,335
      5,530
      909
      1,170
      -275
      1,043
      7,021
      -529
      774
      8,495
      375
      7,314
      -547
      13,339
      2,103
      326
      6,719
      -3,753
      10,254
      3,446
      1,904
      1,985
      632
      86
      289
      6,168
      4,141
      -415
      -2,126
      645
      784
      4,139
      2,501
      15,078
      -218
      6,255
      8,382
      4,609
      1
      248
      104
      178
      492
      341
      571
      393
      404
      32
      313
      8
      5,625
      226
      764
      617
      -12
      575
      32
      -366
      -76
      7,564
      -565
      739
      477
      873
      4,741
      -7,859
      -339
      -955
      48
      1,493
      564
      58
      -84
      -1,410
      -265
      77
      1,742
      381
      -1,421
      895
      2,323
      303
      1,156
      532
      528
      -1,177
      612
      2,263
      581
      -52
      52
      394
      553
      -152
      1,566
      332
      3,002
      527
      221
      -64
      -24
      -6,184
      4,784
      977
      2,314
      -151
      4,238
      798
      3,205
      -1,117
      5,087
      2,247
      -4,341
      -1,211
      353
      21,717
      807
      5,074
      3,424
      63,311
      1,771
      14,921
      864
      75,669
      213
      7,794
      -10,580
      -2,419
      28,280
      82,202
      18,015
      277
      1,990
      14,431
      18,498
      1,599
      -868
      -1,469
      1,125
      8,626
      752
      565
      701
      10,464
      2,679
      5,200
      2,954
      6,811
      2,196
      -336
      -714
      6,075
      1,931
      8,865
      563
      1,382
      -154
      11,172
      16,025
      3,989
      348
      795
      -567
      4,779
      -1,058
      -45
      2,292
      -2,743
      -842
      -943
      -302
      6,865
      2,953
      1,079
      -1,124
      2,446
      15,611
      5,543
      2,514
      1,992
      3,011
      4,170
      -397
      247
      -1,523
      -2,577
      3,357
      6,653
      1,918
      229
      10,119
      -3,125
      -701
      753
      4,886
      7,792
      6,829
      597
      2,780
      7,581
      176
      2,854
      7,148
      507
      1,900
      3,529
      4,944
      3,514
      1,295
      -1,402
      1,196
      3,572
      1,671
      3,464
      734
      -142
      -676
      456
      -369
      748
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 865,091
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 195,936 3,946,548 0.049647
2011 188,772 3,998,057 0.047216
2010 175,035 3,836,293 0.045626
2009 213,713 3,515,756 0.060787
2008 243,803 4,306,971 0.056607
2 Total of line 1, column (d) ...................... 2 0.259883
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.051977
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 4,239,434
5 Multiply line 4 by line 3....................... 5 220,353
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 9,004
7 Add lines 5 and 6......................... 7 229,357
8 Enter qualifying distributions from Part XII, line 4.............. 8 193,357
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 18,009
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 18,009
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 18,009
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 3,976
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,976
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 14,033
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING AND TRUST Telephone no.bullet (704) 954-1125
    Located atbulletWEALTH MGN 200 S COLLEGE STCHARLOTTENC ZIP+4bullet28202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    10     		53,309    
    200 S COLLEGE ST 9TH FLOOR -
    CHARLOTTE,NC28202
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    211,972
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    18,009
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,009
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    193,963
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    193,963
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    193,963
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 193,963
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 193,352
    b Total for prior years:2011, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 0
    b From 2009....... 0
    c From 2010....... 0
    d From 2011....... 0
    e From 2012....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 193,357
    a Applied to 2012, but not more than line 2a 193,352
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 5
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		193,958
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009.... 0
    b Excess from 2010.... 0
    c Excess from 2011.... 0
    d Excess from 2012.... 0
    e Excess from 2013.... 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BELMONT ABBEY COLLEGE
    100 BELMONT-MT HOLLY ROAD
    BELMONT,NC28012     		NONE EXEMPT CHARITABLE 95,427
    CATHOLIC DIOCESE OF RALEIGH
    715 NAZARETH STREET
    RALEIGH,NC276062187     		NONE EXEMPT CHARITABLE 47,715
    PARISH COUNCIL OF THE SACRED
    HEART - CHURCH AND MADONNA HALL
    HAMLET,NC28345     		NONE EXEMPT CHARITABLE 2,500
    CATHOLIC DIOCESE OF CHARLOTTE
    P O BOX 36776
    CHARLOTTE,NC28203     		NONE EXEMPT CHARITABLE 47,715
    Total .................................bullet 3a 193,357
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 89,641  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 865,091  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aHUGH MCRAE LAND TR     14 4  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   954,799  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13954,799
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 OtherDecreasesSchedule
    Name:
    SUTHERLAND SARAH TUW
    EIN: 56-6456377
    Description Amount
    MUTUAL FUND DIFF RECEIVED/REPORTED 548


    TY 2013 OtherExpensesSchedule
    Name:
    SUTHERLAND SARAH TUW
    EIN: 56-6456377
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSES - 2% 18 18   0


    TY 2013 OtherIncomeSchedule2
    Name:
    SUTHERLAND SARAH TUW
    EIN: 56-6456377
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    HUGH MCRAE LAND TR 4 4  


    TY 2013 OtherIncreasesSchedule
    Name:
    SUTHERLAND SARAH TUW
    EIN: 56-6456377
    Description Amount
    HUGH MCRAE LAND TRUST ADJUSTMENT 47
    ROUNDING 4


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    SUTHERLAND SARAH TUW
    EIN: 56-6456377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 10      
    OTHER NON-ALLOCABLE EXPENSE - 10      


    TY 2013 TaxesSchedule
    Name:
    SUTHERLAND SARAH TUW
    EIN: 56-6456377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 186 186   0
    FEDERAL TAX PAYMENT - PRIOR YE 5 0   0
    FEDERAL ESTIMATES - PRINCIPAL 3,976 0   0
    FOREIGN TAXES ON QUALIFIED FOR 799 799   0
    FOREIGN TAXES ON NONQUALIFIED 42 42   0