Form990-PF
Click to see attachment

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
FELBURN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O R PHILIPSON CO 8601 GA AVE 1001   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SILVER SPRING, MD20910
A Employer identification number

51-0234331
B Telephone number (see instructions)

(301) 608-3900
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$40,823,753J 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 1,487 1,487  
4 Dividends and interest from securities...... 1,072,552 1,065,491  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,151,509
b Gross sales price for all assets on line 6a 22,287,685
7 Capital gain net income (from Part IV, line 2)... 1,151,509
8 Net short-term capital gain.........  
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 5,521 5,521  
12 Total. Add lines 1 through 11........ 2,231,069 2,224,008  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000 37,500   112,500
14 Other employee salaries and wages...... 28,010 7,002   21,008
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 399 0   399
b Accounting fees (attach schedule)....... Click to see attachment 27,722 13,861   13,861
c Other professional fees (attach schedule).... Click to see attachment 180,680 180,680   0
17 Interest............... 8 8   0
18 Taxes (attach schedule) (see instructions) Click to see attachment 51,374 8,810   2,703
19 Depreciation (attach schedule) and depletion... Click to see attachment 751 0  
20 Occupancy.............. 14,180 0   14,180
21 Travel, conferences, and meetings....... 4,454 0   4,454
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 129,139 85,900   43,239
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 586,717 333,761   212,344
25 Contributions, gifts, grants paid........ 942,370 942,370
26 Total expenses and disbursements. Add lines 24 and 25 1,529,087 333,761   1,154,714
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 701,982
b Net investment income (if negative, enter -0-) 1,890,247
c Adjusted net income (if negative, enter -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............... 34,430 32,090 32,090
2 Savings and temporary cash investments.......... 3,069,115 3,222,020 3,222,020
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 6,977,724 Click to see attachment0 0
b Investments—corporate stock (attach schedule)........ 1,574,601 Click to see attachment1,662,551 2,469,106
c Investments—corporate bonds (attach schedule)........ 3,927,888 Click to see attachment2,720,575 2,908,270
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 20,070,547 Click to see attachment28,678,273 30,554,171
14 Land, buildings, and equipment: basis bullet1,581,451
Less: accumulated depreciation (attach schedule) bullet33,644 1,543,558 Click to see attachment1,547,807 1,547,807
15 Other assets (describe bullet) Click to see attachment57,849 Click to see attachment90,289 Click to see attachment90,289
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,255,712 37,953,605 40,823,753
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) Click to see attachment892 Click to see attachment723
23 Total liabilities (add lines 17 through 22).......... 892 723
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 37,254,820 37,952,882
30 Total net assets or fund balances (see page 17 of the
instructions).................... 37,254,820 37,952,882
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 37,255,712 37,953,605
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 37,254,820
2 Enter amount from Part I, line 27a..................... 2 701,982
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 37,956,802
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3,920
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 37,952,882
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 PNC BANK INVESTMENTS - PUBLICLY TRADED SECURITIES      
b PNC BANK INVESTMENTS - PUBLICLY TRADED SECURITIES      
c BANK OF AMERICA - PUBLICLY TRADED SECURITIES      
d BANK OF AMERICA DISALLOWED WASH SALES - PUBLICLY TRADED SECURITIES      
e BANK OF AMERICA - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11954 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11954 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11955 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11955 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11956 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11956 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11956 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11956 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11958 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11958 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11958 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #12094 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #12094 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #888-632 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #888-574 - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #02835 - PUBLICLY TRADED SECURITIES      
AURORA OFFSHORE FUND LTD II   2010-02-01 2013-06-30
MORGAN STANLEY #WAAGG - PUBLICLY TRADED SECURITIES      
MORGAN STANLEY #11958 LONG-TERM CAPITAL GAINS BASIS ADJUSTMENT      
CAPITAL GAINS 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 1,594,693   1,467,340 127,353
b 2,260,468   2,063,423 197,045
c 7,227,285   7,379,838 -152,553
d 198,786   201,500 0
e 7,294,519   6,857,134 437,385
26,964   20,961 6,003
85,865   51,928 33,937
19,731   12,304 7,427
22,389   16,963 5,426
9,004   6,884 2,120
52   22 30
16,822   10,943 5,879
36,857   20,563 16,294
6,587   6,671 -84
4,428   3,977 451
169,258   158,859 10,399
77,237   75,762 1,475
59,862   57,506 2,356
531     531
826,115   823,625 2,490
768,288   745,747 22,541
1,112,937   1,000,000 112,937
137,830   156,863 -19,033
    77 -77
331,177     331,177
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       127,353
b       197,045
c       -152,553
d       0
e       437,385
      6,003
      33,937
      7,427
      5,426
      2,120
      30
      5,879
      16,294
      -84
      451
      10,399
      1,475
      2,356
      531
      2,490
      22,541
      112,937
      -19,033
      -77
      331,177
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 1,151,509
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 1,479,679 36,479,375 0.040562
2011 1,959,325 36,657,505 0.053449
2010 3,338,456 37,663,671 0.088639
2009 1,874,636 36,138,702 0.051873
2008 2,367,922 38,956,254 0.060784
2 Total of line 1, column (d) ...................... 2 0.295307
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 0.059061
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 37,605,896
5 Multiply line 4 by line 3....................... 5 2,221,042
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 18,902
7 Add lines 5 and 6......................... 7 2,239,944
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,154,714
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 37,805
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 37,805
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 37,805
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 36,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 86,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 48,195
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet48,195 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletVA, SC, FL, NC
    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 addressbulletN/A
    14
    The books are in care ofbulletROBERT PHILIPSON CO Telephone no.bullet (301) 608-3900
    Located atbullet8601 GEORGIA AVE 1001SILVER SPRINGMD ZIP+4bullet20910
    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
     
     
    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
    LARRY J WHITE PRESIDENT/CHMN BOARD/DIR
    20.00     		60,000 0 0
    999 PEACHTREE ST NE
    ATLANTA,GA30309
    GUY MARWICK SEC/TREASURER/EXECUTIVE DI
    40.00     		60,000 0 0
    1515 EAST SILVER SPRINGS BLVD
    OCALA,FL34470
    B KEMP FLOYD DIRECTOR
    10.00     		30,000 0 0
    PO BOX 638
    LORIS,SC29569
    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.........................bullet0
    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
    1,880,295
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    37,805
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,805
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,842,490
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,842,490
    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
    1,842,490
    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 1,842,490
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 458,801
    b From 2009....... 91,908
    c From 2010....... 1,502,770
    d From 2011....... 149,295
    e From 2012.......  
    fTotal of lines 3a through e......... 2,202,774
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 1,154,714
    a Applied to 2012, but not more than line 2a 0
    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..... 1,154,714
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 687,776 687,776
    (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 1,514,998
    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 ..........     		0
    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 ......     		1,514,998
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010.... 1,365,703
    c Excess from 2011.... 149,295
    d Excess from 2012....  
    e Excess from 2013....  
    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
    ALACHUA CONSERVATION TRUST
    22 SOUTH MAIN ST
    GAINESVILLE,FL32601     		N/A   CHARITABLE - SPRINGS ETERNAL PHOTO EXHIBIT 15,000
    ANDERSON UNIVERSITY
    316 BOULEVARD
    ANDERSON,SC29621     		N/A   CHARITABLE - ROCKY RIVER PARK & WETLANDS RESTORATION PROJECT 75,000
    ANIMAL RECOVERY MISSION INC (ARM)
    PO BOX 403344
    MIAMI BEACH,FL33140     		N/A   CHARITABLE - ANIMAL RESCUE PROJECTS 15,000
    COLUMBIA LAND TRUST
    1351 OFFICERS ROW
    VANCOUVER,WA98661     		N/A   CHARITABLE - SUPPORT LAND, FISH AND WILDLIFE CONSERVATION EFFORTSCHARITABLE 100,000
    CONSERVATION TRUST FOR FLORIDA
    PO BOX 134
    MICANOPY,FL32667     		N/A   CHARITABLE - NORTH CENTRAL FLORIDA WILDLIFE CORRIDOR 40,000
    EQUINOX DOCUMENTARIES INC
    1503 ROBIN RD
    ORLANDO,FL32803     		N/A   CHARITABLE - FRIENDS OF CARR CABIN - EDUCATIONAL VIDEO 5,000
    FLORIDA ANIMAL HEALTH FOUNDATION
    17200 SE 58TH AVENUE
    SUMMERFIELD,FL34491     		N/A   CHARITABLE - STEM PROJECTS 8,870
    FLORIDA GREENWAYS & TRAILS FOUNDATION INC
    PO BOX 4142
    TALLAHASSEE,FL32315     		N/A   CHARITABLE - CLOSE THE GAP PROJECT 25,000
    FRIENDS OF CHINSEGUT HILL
    2249 CHINSEGUT ROAD
    BROOKSVILLE,FL34601     		N/A   CHARITABLE - GENERAL SUPPORT MATCH 50,000
    FRIENDS OF FORT COOPER STATE PARK
    PO BOX 1784
    INVERNESS,FL32651     		N/A   CHARITABLE - KIOSK PROJECT 6,000
    FRIENDS OF THE WITHLACOOCHEE GULF PRESERVE INC
    PO BOX 280
    YANKEETOWN,FL34498     		N/A   CHARITABLE - INGLIS-YANKEETOWN SIGN 4,500
    GULF ARCHEOLOGY RESEARCH INSTITUTE (GARI)
    5990 N TALLAHASSEE RD
    CRYSTAL RIVER,FL34428     		N/A   CHARITABLE - SEA GRASS SEDIMENT EVALUATION 12,000
    HORSE PROTECTION ASSOCIATION OF FLORIDA (HPAF)
    20690 NW 130TH AVE
    MICANOPY,FL32667     		N/A   CHARITABLE - GENERAL SUPPORT 20,000
    HOWARD T ODUM FLORIDA SPRINGS INSTITUTE INC
    5302 NW 156TH AVE
    GAINESVILLE,FL32653     		N/A   CHARITABLE - BILLBOARD PROJECT 9,500
    IDEAS FOR US INC
    1808 HAMMERLIN AVENUE
    WINTER PARK,FL32789     		N/A   CHARITABLE - STUDENT ENVIRONMENTAL CLUBS 15,000
    KOWIACHOBEE ANIMAL PRESERVE INC
    2861 4TH AVE SE
    NAPLES,FL34117     		N/A   CHARITABLE - ANIMAL HABITATS 10,000
    MARION COUNTY SPRINGS FESTIVAL INC
    PO BOX 2064
    SILVER SPRINGS,FL34489     		N/A   CHARITABLE - MARION COUNTY SPRINGS FESTIVAL 1,500
    NATIONAL AUDUBON SOCIETY INC
    444 BRICKELL AVENUE SUITE 850
    MIAMI,FL33131     		N/A   CHARITABLE - KIDS DISCOVER CORNER, FLORIDA CHAPTER 23,000
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE
    ARLINGTON,VA22203     		N/A   CHARITABLE - LONGLEAF PINE PROJECT - FLORIDA, GEORGIA, NORTH CAROLINA, SOUTH CAROLINA CHARITABLE 100,000
    OCALA WILDLIFE SANCTUARY (OWLS)
    PO BOX 1924
    OCALA,FL34478     		N/A   CHARITABLE - GENERAL SUPPORT 20,000
    PEACE RIVER REFUGE & RANCH INC
    PO BOX 1127
    ZOLFO SPRINGS,FL33890     		N/A   CHARITABLE - GENERAL SUPPORT 7,500
    PEREGRINE FUND INC
    5666 W FLYING HAWK LANE
    BOISE,ID83709     		N/A   CHARITABLE - CONDOR & AMERICAN KESTREL PROJECT 20,000
    PRAIRIE BIOTIC RESEARCH INC
    PO BOX 5424
    MADISON,WI53705     		N/A   CHARITABLE - SMALL GRANTS PROGRAMS 2,500
    PUBLIC EDUCATION FOUNDATION OF MARION COUNTY FL
    1239 NW 4TH STREET
    OCALA,FL34475     		N/A   CHARITABLE - STEM PROJECTS 5,000
    SAVE THE MANATEE CLUB INC
    500 N MAITLAND AVE
    MAITLAND,FL32751     		N/A   CHARITABLE - SOS NOW PROJECT 35,000
    SHEPHERD CENTER FOUNDATION INC
    2020 PEACHTREE ROAD NW
    ATLANTA,GA30309     		N/A   CHARITABLE - RECREATION THERAPY PROGRAM 100,000
    SILVER SPRINGS ALLIANCE INC
    PO BOX 153
    SILVER SPRINGS,FL34489     		N/A   CHARITABLE - SILVER SPRINGS STATE PARK RESTORATION & PROMOTION 10,000
    SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY
    34 WALL ST SUITE 502
    ASHEVILLE,NC28801     		N/A   CHARITABLE - GRASSY RIDGE/STUART TRACT PURCHASE 100,000
    TOWN OF YANKEETOWN
    6241 HARMONY LANE
    YANKEETOWN,FL34498     		N/A   CHARITABLE - WGP ELLIE SCILLER EDUCATIONAL CENTER DISPLAY 21,000
    TRUMPETER SWAN SOCIETY
    3 CLIFFROSE
    LITTLETON,CO80127     		N/A   CHARITABLE - SWAN CONSERVATION PROJECTS 15,000
    UNIVERSITY OF FLORIDA FOUNDATION
    PO BOX 14425
    GAINESVILLE,FL32604     		N/A   CHARITABLE - MUSEUM OF NATURAL HISTORY - DUGOUT CANOES PROJECT 25,000
    UNIVERSITY OF FLORIDA FOUNDATION
    PO BOX 14425
    GAINESVILLE,FL32604     		N/A   CHARITABLE - FORT CAROLINE PROJECT 20,000
    WITHLACOOCHEE AREA RESIDENTS INC (WAR)
    PO BOX 350 RT 40W
    INGLIS,FL34449     		N/A   CHARITABLE - STAGE I RIVER STUDY 4,000
    ZOOLOGICAL SOCIETY OF MILWAUKEE COUNTY
    10005 W BLUEMOUND RD
    MILWAUKEE,WI53226     		N/A   CHARITABLE - BONOBO OUTPOST PATROL PROJECT 22,000
    Total .................................bullet 3a 942,370
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		    14 1,487  
    4 Dividends and interest from securities....     14 1,072,552  
    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.....     16 5,521  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,151,509  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,231,069 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,231,069
    (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 AccountingFeesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 27,722 13,861   13,861

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 DepreciationSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND-BLDG, IMPROV - SALUDA GAP, TRYON, NC 1981-05-15 63,033   L   0 0    
    LAND-0.5 ACRE - SALUDA GAP, TRYON, NC 1982-12-15 13,000   L   0 0    
    LAND-PARKER PROPERTY - SALUDA GAP, TRYON, NC 1982-06-15 5,800   L   0 0    
    LAND-HARPER PROPERTY, 3.33 ACRES - SALUDA GAP, TRY 1983-12-15 9,100   L   0 0    
    LAND-KINGSTON SALTPETER CAVE, 39.991 ACRES - BARTO 1983-12-15 50,998   L   0 0    
    LAND-ESTATOE FALLS, 25.86 - PICKENS COUNTY, SC 1984-12-15 100,000   L   0 0    
    LAND-CAVE AND SPRING PROPERTY, 4.35 ACRES - LYON C 1986-10-15 51,790   L   0 0    
    LAND-TRULL FALLS PROPERTY, 6.96 ACRES - CHEROKEE C 1988-11-15 22,334   L   0 0    
    LAND-FALL CREEK FALLS, 35.66 ACRES - MITCHELL COUN 1989-03-15 85,000   L   0 0    
    LIBRARY EQUIPMENT 1994-01-22 800 800 SL 5.000000000000 0 0    
    HEATING & A/C UNIT 1995-07-10 2,485 2,485 SL 7.000000000000 0 0    
    COMPUTER 2000-05-18 2,102 1,920 200DB 5.000000000000 0 0    
    CABINETS 2000-03-01 8,845 7,886 200DB 7.000000000000 0 0    
    01 MERCURY SABLE 2000-11-02 15,732 15,701 200DB 5.000000000000 12 0    
    LAND-MEYER'S TRACT, 135.42 ACRES, CITRUS COUNTY FL 2001-04-24 765,919   L   0 0    
    LAND - LYNCH PROPERTY, 10 PARCELS, LEVY COUNTY, FL 2003-05-28 372,601   L   0 0    
    LAPTOP COMPUTER 2005-10-27 1,936 1,936 SL 5.000000000000 0 0    
    OFFICE FURNITURE 2009-03-31 1,992 497 SL 7.000000000000 142 0    
    COMPUTERS 2011-12-08 2,984 672 SL 5.000000000000 597 0    
    LAND-SAUNDERS PROPERTY, FALL CREEK FALLS, NC, 13 ACRES 1919-11-13 5,000   L   0 0    

    TY 2013 GeneralExplanationAttachment
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Identifier Return Reference Explanation
      FORM 990 PF - PART IV LINE 1 CAPITAL GAINS & LOSSES DETAILED SCHEDULE OF REALIZED GAINS & LOSSES AVAILABLE UPON REQUEST

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY #12094 542,073 556,207
    MORGAN STANLEY #888-574 2,178,502 2,352,063

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY #11954 1,121,099 1,593,170
    MORGAN STANLEY #11955 132,657 221,725
    MORGAN STANLEY #11956 158,795 247,086
    MORGAN STANLEY #11958 0 0
    MORGAN STANLEY #888-574 250,000 407,125

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 InvestmentsOtherSchedule2
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACL ALTERNATIVE FUND SAC LIMITED AT COST 333,863 328,043
    AURORA OFFSHORE FUND LTD II AT COST 0 0
    BANK OF AMERICA I #1822709 AT COST 0 0
    BANK OF AMERICA I #407858 AT COST 11,758,503 12,166,357
    BLACKSTONE RE DEBT STRATEGIES II TE FEEDER FUND LP AT COST 112,485 112,187
    MARINER-TRICADIA SF OFFSHORE FUND AT COST 200,000 247,734
    MORGAN STANLEY #888-528 AT COST 296,869 384,864
    MORGAN STANLEY #888-632 AT COST 3,788,932 3,993,653
    OCH ZIFF DP OFFSHORE II FUND AT COST 200,000 250,323
    PNC BANK AT COST 11,791,232 12,878,768
    TPG SPECIALTY LENDING ONSHORE FUND AT COST 196,389 192,242

    TY 2013 LandEtcSchedule2
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND-BLDG, IMPROV - SALUDA GAP, TRYON, NC 63,033 0 63,033  
    LAND-0.5 ACRE - SALUDA GAP, TRYON, NC 13,000 0 13,000  
    LAND-PARKER PROPERTY - SALUDA GAP, TRYON, NC 5,800 0 5,800  
    LAND-HARPER PROPERTY, 3.33 ACRES - SALUDA GAP, TRY 9,100 0 9,100  
    LAND-KINGSTON SALTPETER CAVE, 39.991 ACRES - BARTO 50,998 0 50,998  
    LAND-ESTATOE FALLS, 25.86 - PICKENS COUNTY, SC 100,000 0 100,000  
    LAND-CAVE AND SPRING PROPERTY, 4.35 ACRES - LYON C 51,790 0 51,790  
    LAND-TRULL FALLS PROPERTY, 6.96 ACRES - CHEROKEE C 22,334 0 22,334  
    LAND-FALL CREEK FALLS, 35.66 ACRES - MITCHELL COUN 85,000 0 85,000  
    LIBRARY EQUIPMENT 800 800 0  
    HEATING & A/C UNIT 2,485 2,485 0  
    COMPUTER 2,102 1,920 182  
    CABINETS 8,845 7,886 959  
    01 MERCURY SABLE 15,732 15,713 19  
    LAND-MEYER'S TRACT, 135.42 ACRES, CITRUS COUNTY FL 765,919 0 765,919  
    LAND - LYNCH PROPERTY, 10 PARCELS, LEVY COUNTY, FL 372,601 0 372,601  
    LAPTOP COMPUTER 1,936 1,936 0  
    OFFICE FURNITURE 1,992 1,635 357  
    COMPUTERS 2,984 1,269 1,715  
    LAND-SAUNDERS PROPERTY, FALL CREEK FALLS, NC, 13 ACRES 5,000 0 5,000  


    TY 2013 LegalFeesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 399 0   399


    TY 2013 OtherAssetsSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 34,530 31,331 31,331
    TAX REFUND RECEIVABLE 165 165 165
    INTEREST RECEIVABLE 8,882 0 0
    CAPITAL GAINS RECEIVABLE 4,212 58,793 58,793
    SUSPENDED INTEREST PAID 2,804 0 0
    DEPOSITS IN TRANSIT 7,256 0 0


    TY 2013 OtherDecreasesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Description Amount
    DISALLOWED WASH SALE LOSSES ON BOOKS NOT ON RETURN 2,713
    BOOK TO TAX DIFFERENCE - SECURITY BASIS ADJUSTMENTS 1,207


    TY 2013 OtherExpensesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK/WIRE CHARGES 268 0   268
    CUSTODIAL SERVICE FEES 3,000 0   3,000
    INSURANCE 13,852 0   13,852
    LIBRARIAN FEES 18,000 0   18,000
    LIBRARY-SUPPLIES & EXPENSE 525 0   525
    OFFICE SUPPLIES & EXPENSES 2,096 0   2,096
    REPAIRS AND MAINTENANCE 4,246 0   4,246
    VEHICLES - GAS, MAINTENANCE & INSURANCE 759 0   759
    AMORTIZATION OF BOND PREMIUMS 77,502 77,502   0
    OTHER DEDUCTIONS FROM PASS-THROUGH ENTITIES 8,398 8,398   0
    BOOKS & PERIODICALS 493 0   493


    TY 2013 OtherIncomeSchedule2
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ACL ALTERNATIVE FUND SAC LIMITED 4,846 4,846 4,846
    ACL ALTERNATIVE FUND SAC LIMITED -444 -444 -444
    MORGAN STANLEY 12094 MISCELLANEOUS INCOME 494 494 494
    BLACKSTONE RE DEBT STRATEGIES II TE FEEDER FUND LP OTHER PORTFOLIO INCOME 625 625 625


    TY 2013 OtherLiabilitiesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT EXPENSES PAYABLE 892 723


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 180,680 180,680   0


    TY 2013 TaxesSchedule
    Name:
    FELBURN FOUNDATION
    EIN: 51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 2,703 0   2,703
    VA CORP FILING FEE 25 0   0
    FEDERAL EXCISE TAXES 39,836 0   0
    FOREIGN TAXES ON INVESTMENTS 8,810 8,810   0