TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
CARL AND JESSIE SUMMERS SCHOLARSHIP FUND

Number and street (or P.O. box number if mail is not delivered to street address)4680 HIGHWAY 280 EASAT Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35242

A Employer identification number

20-3919247

B Telephone number (see instructions)

(205) 558-7721

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$568,658J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	12,333		12,333
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		27,462
b	Gross sales price for all assets on line 6a 119,722
7	Capital gain net income (from Part IV, line 2)...			27,462
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).......
12	Total. Add lines 1 through 11........	39,795		39,795
13	Compensation of officers, directors, trustees, etc.	4,415		2,207	2,208
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,756	439	1,317
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,331	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,502		2,646	3,525
25	Contributions, gifts, grants paid........	22,900			22,900
26	Total expenses and disbursements. Add lines 24 and 25	30,402		2,646	26,425
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	9,393
b	Net investment income (if negative, enter -0-)			37,149
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	236
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	17,448	27,804	27,804
	b	Investments—corporate stock (attach schedule)........	154,809	158,899	219,358
	c	Investments—corporate bonds (attach schedule)........	71,751	71,465	69,858
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	246,038	241,231	251,638
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	490,282	499,399	568,658
	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 )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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	-276
	29	Retained earnings, accumulated income, endowment, or other funds	490,282	499,675
	30	Total net assets or fund balances (see instructions)......	490,282	499,399
	31	Total liabilities and net assets/fund balances (see instructions)..	490,282	499,399

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	490,282
2	Enter amount from Part I, line 27a.....................	2	9,393
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	499,675
5	Decreases not included in line 2 (itemize)	5	276
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	499,399

Form 990-PF (2014)

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	(d) Date sold (mo., day, yr.)
1 a	SOLD .095 SHS 09/11/14@ 78.75T. ROWE PRICE MID CAP GROWTHFUND		2014-09-12
b	SOLD .081 SHS 09/11/14@ 37.26RS GLOBAL NATURAL RESOURCES		2014-09-12
c	SOLD .272 SHS 09/11/14@ 55.69T. ROWE PRICE GROWTH STOCK		2014-09-12
d	SOLD .076 SHS 09/11/14@ 49.92T ROWE PRICE SMALL CAP VALUEFUND		2014-09-12
e	SOLD 1.037 SHS 10/09/14@ 27.55FIDELITY ADVISOR NEW INSIGHTS INST		2014-10-10
	SOLD 3.561 SHS 10/09/14@ 10.74FIDELITY TOTAL BOND		2014-10-10
	SOLD 2.075 SHS 09/11/14@ 11.06PIONEER STRATEGIC INCOME FUNDCL Y		2014-09-12
	SOLD 3.672 SHS 10/09/14@ 13.89DODGE & COX INCOME		2014-10-10
	SOLD .696 SHS 09/11/14@ 19.3JOHN HANCOCK DISCIPLINED VALUE		2014-09-12
	SOLD .379 SHS 09/11/14@ 19.77JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-09-12
	SOLD .172 SHS 09/11/14@ 52.19FEDERATED INTERCONTINENTALINST		2014-09-12
	SOLD 2.094 SHS 09/11/14@ 10.96JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-09-12
	SOLD .151 SHS 09/11/14@ 14.72ROYCE PENNSYLVANIA MUTUAL FD		2014-09-12
	SOLD .779 SHS 09/11/14@ 34.5T. ROWE PRICE EQUITY INCOMEFUND		2014-09-12
	SOLD .754 SHS 09/11/14@ 35.79FRANKLIN MUTUAL DISCOVERY ZFUND		2014-09-12
	SOLD 2.433 SHS 09/11/14@ 10.06PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-09-12
	SOLD .101 SHS 10/09/14@ 74.41T. ROWE PRICE MID CAP GROWTHFUND		2014-10-10
	SOLD .092 SHS 10/09/14@ 32.77RS GLOBAL NATURAL RESOURCES		2014-10-10
	SOLD .283 SHS 10/09/14@ 53.51T. ROWE PRICE GROWTH STOCK		2014-10-10
	SOLD .082 SHS 10/09/14@ 45.82T ROWE PRICE SMALL CAP VALUEFUND		2014-10-10
	SOLD .981 SHS 11/12/14@ 29.1FIDELITY ADVISOR NEW INSIGHTS INST		2014-11-13
	SOLD 3.575 SHS 11/12/14@ 10.7FIDELITY TOTAL BOND		2014-11-13
	SOLD 2.083 SHS 10/09/14@ 11.02PIONEER STRATEGIC INCOME FUNDCL Y		2014-10-10
	SOLD 3.674 SHS 11/12/14@ 13.88DODGE & COX INCOME		2014-11-13
	SOLD .726 SHS 10/09/14@ 18.52JOHN HANCOCK DISCIPLINED VALUE		2014-10-10
	SOLD .403 SHS 10/09/14@ 18.61JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-10-10
	SOLD .187 SHS 10/09/14@ 48.12FEDERATED INTERCONTINENTALINST		2014-10-10
	SOLD 2.117 SHS 10/09/14@ 10.84JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-10-10
	SOLD .165 SHS 10/09/14@ 13.48ROYCE PENNSYLVANIA MUTUAL FD		2014-10-10
	SOLD .821 SHS 10/09/14@ 32.73T. ROWE PRICE EQUITY INCOMEFUND		2014-10-10
	SOLD .794 SHS 10/09/14@ 34FRANKLIN MUTUAL DISCOVERY ZFUND		2014-10-10
	SOLD 2.433 SHS 10/09/14@ 10.06PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-10-10
	SOLD .098 SHS 07/10/14@ 76.6T. ROWE PRICE MID CAP GROWTHFUND		2014-07-11
	SOLD .076 SHS 07/10/14@ 39.49RS GLOBAL NATURAL RESOURCES		2014-07-11
	SOLD .281 SHS 07/10/14@ 53.88T. ROWE PRICE GROWTH STOCK		2014-07-11
	SOLD .075 SHS 07/10/14@ 50.73T ROWE PRICE SMALL CAP VALUEFUND		2014-07-11
	SOLD 1.023 SHS 08/11/14@ 27.93FIDELITY ADVISOR NEW INSIGHTS INST		2014-08-12
	SOLD 3.571 SHS 08/11/14@ 10.71FIDELITY TOTAL BOND		2014-08-12
	SOLD 2.066 SHS 07/10/14@ 11.11PIONEER STRATEGIC INCOME FUNDCL Y		2014-07-11
	SOLD 3.672 SHS 08/11/14@ 13.89DODGE & COX INCOME		2014-08-12
	SOLD .711 SHS 07/10/14@ 18.89JOHN HANCOCK DISCIPLINED VALUE		2014-07-11
	SOLD .386 SHS 07/10/14@ 19.41JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-07-11
	SOLD .167 SHS 07/10/14@ 53.78FEDERATED INTERCONTINENTALINST		2014-07-11
	SOLD 2.083 SHS 07/10/14@ 11.02JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-07-11
	SOLD .150 SHS 07/10/14@ 14.76ROYCE PENNSYLVANIA MUTUAL FD		2014-07-11
	SOLD .782 SHS 07/10/14@ 34.38T. ROWE PRICE EQUITY INCOMEFUND		2014-07-11
	SOLD .757 SHS 07/10/14@ 35.65FRANKLIN MUTUAL DISCOVERY ZFUND		2014-07-11
	SOLD 2.431 SHS 07/10/14@ 10.07PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-07-11
	SOLD .099 SHS 08/11/14@ 75.88T. ROWE PRICE MID CAP GROWTHFUND		2014-08-12
	SOLD .079 SHS 08/11/14@ 37.76RS GLOBAL NATURAL RESOURCES		2014-08-12
	SOLD .280 SHS 08/11/14@ 54.05T. ROWE PRICE GROWTH STOCK		2014-08-12
	SOLD .077 SHS 08/11/14@ 49.16T ROWE PRICE SMALL CAP VALUEFUND		2014-08-12
	SOLD .989 SHS 09/11/14@ 28.87FIDELITY ADVISOR NEW INSIGHTS INST		2014-09-12
	SOLD 3.585 SHS 09/11/14@ 10.67FIDELITY TOTAL BOND		2014-09-12
	SOLD 2.077 SHS 08/11/14@ 11.05PIONEER STRATEGIC INCOME FUNDCL Y		2014-08-12
	SOLD 3.672 SHS 09/11/14@ 13.89DODGE & COX INCOME		2014-09-12
	SOLD .720 SHS 08/11/14@ 18.66JOHN HANCOCK DISCIPLINED VALUE		2014-08-12
	SOLD .392 SHS 08/11/14@ 19.13JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-08-12
	SOLD .173 SHS 08/11/14@ 52.14FEDERATED INTERCONTINENTALINST		2014-08-12
	SOLD 2.102 SHS 08/11/14@ 10.92JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-08-12
	SOLD .154 SHS 08/11/14@ 14.46ROYCE PENNSYLVANIA MUTUAL FD		2014-08-12
	SOLD .798 SHS 08/11/14@ 33.68T. ROWE PRICE EQUITY INCOMEFUND		2014-08-12
	SOLD .771 SHS 08/11/14@ 35FRANKLIN MUTUAL DISCOVERY ZFUND		2014-08-12
	SOLD 2.433 SHS 08/11/14@ 10.06PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-08-12
	SOLD .183 SHS 11/12/14@ 49.3FEDERATED INTERCONTINENTALINST		2014-11-13
	SOLD 2.141 SHS 12/11/14@ 10.72PIONEER STRATEGIC INCOME FUNDCL Y		2014-12-12
	SOLD .799 SHS 01/09/14@ 18.02JOHN HANCOCK DISCIPLINED VALUE		2014-01-10
	SOLD .093 SHS 12/11/14@ 80.35T. ROWE PRICE MID CAP GROWTHFUND		2014-12-12
	SOLD .113 SHS 12/11/14@ 26.47RS GLOBAL NATURAL RESOURCES		2014-12-12
	SOLD 169.244 SHS 01/16/14@ 18JOHN HANCOCK DISCIPLINED VALUE		2014-01-17
	SOLD 12.218 SHS 01/16/14@ 49.81T ROWE PRICE SMALL CAP VALUEFUND		2014-01-17
	SOLD .077 SHS 01/09/14@ 49.57T ROWE PRICE SMALL CAP VALUEFUND		2014-01-10
	SOLD .087 SHS 01/09/14@ 34.68RS GLOBAL NATURAL RESOURCES		2014-01-10
	SOLD .372 SHS 12/11/14@ 20.14JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-12-12
	SOLD .773 SHS 12/11/14@ 34.93FRANKLIN MUTUAL DISCOVERY ZFUND		2014-12-12
	SOLD 2.125 SHS 12/11/14@ 10.8JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES I		2014-12-12
	SOLD .684 SHS 12/11/14@ 19.66JOHN HANCOCK DISCIPLINED VALUE		2014-12-12
	SOLD .267 SHS 12/11/14@ 56.6T. ROWE PRICE GROWTH STOCK		2014-12-12
	SOLD .077 SHS 12/11/14@ 48.92T ROWE PRICE SMALL CAP VALUEFUND		2014-12-12
	SOLD .156 SHS 12/11/14@ 14.26ROYCE PENNSYLVANIA MUTUAL FD		2014-12-12
	SOLD .836 SHS 12/11/14@ 32.17T. ROWE PRICE EQUITY INCOMEFUND		2014-12-12
	SOLD .221 SHS 04/03/14@ 51.39T ROWE PRICE SMALL CAP VALUEFUND		2014-04-04
	SOLD .749 SHS 04/10/14@ 17.94JOHN HANCOCK DISCIPLINED VALUE		2014-04-11
	SOLD .081 SHS 03/11/14@ 37.03RS GLOBAL NATURAL RESOURCES		2014-03-12
	SOLD 2.170 SHS 04/03/14@ 18.58JOHN HANCOCK DISCIPLINED VALUE		2014-04-04
	SOLD .740 SHS 05/09/14@ 18.15JOHN HANCOCK DISCIPLINED VALUE		2014-05-12
	SOLD .077 SHS 05/09/14@ 48.96T ROWE PRICE SMALL CAP VALUEFUND		2014-05-12
	SOLD .076 SHS 04/10/14@ 49.56T ROWE PRICE SMALL CAP VALUEFUND		2014-04-11
	SOLD 2466.735 SHS 04/16/14@ 10.75VANGUARD BOND INDEX #222		2014-04-17
	SOLD .082 SHS 02/11/14@ 36.39RS GLOBAL NATURAL RESOURCES		2014-02-12
	SOLD .737 SHS 03/05/14@ 18.23JOHN HANCOCK DISCIPLINED VALUE		2014-03-06
	SOLD .758 SHS 02/11/14@ 17.73JOHN HANCOCK DISCIPLINED VALUE		2014-02-12
	SOLD .078 SHS 02/11/14@ 48.69T ROWE PRICE SMALL CAP VALUEFUND		2014-02-12
	SOLD .739 SHS 03/11/14@ 18.19JOHN HANCOCK DISCIPLINED VALUE		2014-03-12
	SOLD .074 SHS 03/11/14@ 50.99T ROWE PRICE SMALL CAP VALUEFUND		2014-03-12
	SOLD .074 SHS 03/05/14@ 51.28T ROWE PRICE SMALL CAP VALUEFUND		2014-03-06
	SOLD .079 SHS 03/05/14@ 38RS GLOBAL NATURAL RESOURCES		2014-03-06
	SOLD .093 SHS 11/12/14@ 32.35RS GLOBAL NATURAL RESOURCES		2014-11-13
	SOLD 2.084 SHS 11/12/14@ 11.01PIONEER STRATEGIC INCOME FUNDCL Y		2014-11-13
	SOLD .075 SHS 11/12/14@ 50.54T ROWE PRICE SMALL CAP VALUEFUND		2014-11-13
	SOLD .093 SHS 11/12/14@ 80.74T. ROWE PRICE MID CAP GROWTHFUND		2014-11-13
	SOLD 273.385 SHS 11/19/14@ 10.68FIDELITY TOTAL BOND		2014-11-20
	SOLD 13.726 SHS 11/19/14@ 50.05FEDERATED INTERCONTINENTALINST		2014-11-20
	SOLD 244.153 SHS 11/19/14@ 13.87DODGE & COX INCOME		2014-11-20
	SOLD 75.097 SHS 11/19/14@ 29.03FIDELITY ADVISOR NEW INSIGHTS INST		2014-11-20
	SOLD .373 SHS 11/12/14@ 20.1JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-11-13
	SOLD .772 SHS 11/12/14@ 34.96FRANKLIN MUTUAL DISCOVERY ZFUND		2014-11-13
	SOLD 2.106 SHS 11/12/14@ 10.9JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES I		2014-11-13
	SOLD .687 SHS 11/12/14@ 19.56JOHN HANCOCK DISCIPLINED VALUE		2014-11-13
	SOLD .781 SHS 11/12/14@ 34.41T. ROWE PRICE EQUITY INCOMEFUND		2014-11-13
	SOLD .264 SHS 11/12/14@ 57.38T. ROWE PRICE GROWTH STOCK		2014-11-13
	SOLD 2.436 SHS 11/12/14@ 10.05PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-11-13
	SOLD .151 SHS 11/12/14@ 14.75ROYCE PENNSYLVANIA MUTUAL FD		2014-11-13
	SOLD 7.158 SHS 11/19/14@ 31.99RS GLOBAL NATURAL RESOURCES		2014-11-20
	SOLD 159.695 SHS 11/19/14@ 10.97PIONEER STRATEGIC INCOME FUNDCL Y		2014-11-20
	SOLD 5.865 SHS 11/19/14@ 49.2T ROWE PRICE SMALL CAP VALUEFUND		2014-11-20
	SOLD 7.068 SHS 11/19/14@ 81T. ROWE PRICE MID CAP GROWTHFUND		2014-11-20
	SOLD 3.581 SHS 12/11/14@ 10.68FIDELITY TOTAL BOND		2014-12-12
	SOLD .185 SHS 12/11/14@ 48.6FEDERATED INTERCONTINENTALINST		2014-12-12
	SOLD 3.664 SHS 12/11/14@ 13.92DODGE & COX INCOME		2014-12-12
	SOLD .983 SHS 12/11/14@ 29.04FIDELITY ADVISOR NEW INSIGHTS INST		2014-12-12
	SOLD 28.497 SHS 11/19/14@ 20.09JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-11-20
	SOLD 58.336 SHS 11/19/14@ 35.33FRANKLIN MUTUAL DISCOVERY ZFUND		2014-11-20
	SOLD 161.461 SHS 11/19/14@ 10.85JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIE		2014-11-20
	SOLD 52.130 SHS 11/19/14@ 19.68JOHN HANCOCK DISCIPLINED VALUE		2014-11-20
	SOLD 59.370 SHS 11/19/14@ 34.56T. ROWE PRICE EQUITY INCOMEFUND		2014-11-20
	SOLD 20.125 SHS 11/19/14@ 57.35T. ROWE PRICE GROWTH STOCK		2014-11-20
	SOLD 185.934 SHS 11/19/14@ 10.05PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-11-20
	SOLD 11.768 SHS 11/19/14@ 14.4ROYCE PENNSYLVANIA MUTUAL FD		2014-11-20
	SOLD 3.568 SHS 07/10/14@ 10.72FIDELITY TOTAL BOND		2014-07-11
	SOLD .149 SHS 03/05/14@ 14.87ROYCE PENNSYLVANIA MUTUAL FD		2014-03-06
	SOLD .817 SHS 03/05/14@ 32.89T. ROWE PRICE EQUITY INCOMEFUND		2014-03-06
	SOLD .790 SHS 03/05/14@ 34.16FRANKLIN MUTUAL DISCOVERY ZFUND		2014-03-06
	SOLD 2.429 SHS 03/05/14@ 10.08PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-03-06
	SOLD 2.094 SHS 03/05/14@ 10.96PIONEER STRATEGIC INCOME FUNDCL Y		2014-03-06
	SOLD 1.285 SHS 03/05/14@ 10.72VANGUARD BOND INDEX #222		2014-03-06
	SOLD .276 SHS 03/05/14@ 54.88T. ROWE PRICE GROWTH STOCK		2014-03-06
	SOLD .098 SHS 03/05/14@ 76.67T. ROWE PRICE MID CAP GROWTHFUND		2014-03-06
	SOLD 2.214 SHS 03/05/14@ 13.82DODGE & COX INCOME		2014-03-06
	SOLD 1.015 SHS 03/05/14@ 28.14FIDELITY ADVISOR NEW INSIGHTS INST		2014-03-06
	SOLD 2.107 SHS 02/11/14@ 10.89PIONEER STRATEGIC INCOME FUNDCL Y		2014-02-12
	SOLD 1.289 SHS 02/11/14@ 10.68VANGUARD BOND INDEX #222		2014-02-12
	SOLD 2.088 SHS 03/05/14@ 10.99JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-03-06
	SOLD .402 SHS 03/05/14@ 18.67JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-03-06
	SOLD 3.605 SHS 03/05/14@ 10.61FIDELITY TOTAL BOND		2014-03-06
	SOLD .170 SHS 03/05/14@ 52.91FEDERATED INTERCONTINENTALINST		2014-03-06
	SOLD .278 SHS 03/11/14@ 54.39T. ROWE PRICE GROWTH STOCK		2014-03-12
	SOLD .098 SHS 03/11/14@ 76.24T. ROWE PRICE MID CAP GROWTHFUND		2014-03-12
	SOLD .151 SHS 03/11/14@ 14.75ROYCE PENNSYLVANIA MUTUAL FD		2014-03-12
	SOLD .820 SHS 03/11/14@ 32.79T. ROWE PRICE EQUITY INCOMEFUND		2014-03-12
	SOLD 6.715 SHS 04/03/14@ 13.67DODGE & COX INCOME		2014-04-04
	SOLD 3.102 SHS 04/03/14@ 27.62FIDELITY ADVISOR NEW INSIGHTS INST		2014-04-04
	SOLD 2.098 SHS 03/11/14@ 10.94PIONEER STRATEGIC INCOME FUNDCL Y		2014-03-12
	SOLD 1.291 SHS 03/11/14@ 10.67VANGUARD BOND INDEX #222		2014-03-12
	SOLD 3.619 SHS 03/11/14@ 10.57FIDELITY TOTAL BOND		2014-03-12
	SOLD .171 SHS 03/11/14@ 52.61FEDERATED INTERCONTINENTALINST		2014-03-12
	SOLD 2.219 SHS 03/11/14@ 13.79DODGE & COX INCOME		2014-03-12
	SOLD 1.023 SHS 03/11/14@ 27.92FIDELITY ADVISOR NEW INSIGHTS INST		2014-03-12
	SOLD .796 SHS 03/11/14@ 33.9FRANKLIN MUTUAL DISCOVERY ZFUND		2014-03-12
	SOLD 2.429 SHS 03/11/14@ 10.08PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-03-12
	SOLD 2.088 SHS 03/11/14@ 10.99JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-03-12
	SOLD .404 SHS 03/11/14@ 18.58JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-03-12
	SOLD .240 SHS 01/09/14@ 52.49T. ROWE PRICE GROWTH STOCK		2014-01-10
	SOLD .099 SHS 01/09/14@ 72.7T. ROWE PRICE MID CAP GROWTHFUND		2014-01-10
	SOLD .165 SHS 01/09/14@ 14.58ROYCE PENNSYLVANIA MUTUAL FD		2014-01-10
	SOLD .993 SHS 01/09/14@ 32.64T. ROWE PRICE EQUITY INCOMEFUND		2014-01-10
	SOLD 87.796 SHS 01/16/14@ 27FIDELITY ADVISOR NEW INSIGHTS INST		2014-01-17
	SOLD 56.681 SHS 01/16/14@ 18.26JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-01-17
	SOLD 2.159 SHS 01/09/14@ 10.84PIONEER STRATEGIC INCOME FUNDCL Y		2014-01-10
	SOLD 2.802 SHS 01/09/14@ 10.58VANGUARD BOND INDEX #222		2014-01-10
	SOLD 3.728 SHS 01/09/14@ 10.46FIDELITY TOTAL BOND		2014-01-10
	SOLD .127 SHS 01/09/14@ 52.99FEDERATED INTERCONTINENTALINST		2014-01-10
	SOLD 2.299 SHS 01/09/14@ 13.57DODGE & COX INCOME		2014-01-10
	SOLD 1.142 SHS 01/09/14@ 26.8FIDELITY ADVISOR NEW INSIGHTS INST		2014-01-10
	SOLD .614 SHS 01/09/14@ 33.61FRANKLIN MUTUAL DISCOVERY ZFUND		2014-01-10
	SOLD 2.479 SHS 01/09/14@ 10.07PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-01-10
	SOLD .717 SHS 01/09/14@ 10.88JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES I		2014-01-10
	SOLD .396 SHS 01/09/14@ 18.18JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-01-10
	SOLD .812 SHS 02/11/14@ 33.27FRANKLIN MUTUAL DISCOVERY ZFUND		2014-02-12
	SOLD 2.429 SHS 02/11/14@ 10.08PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-02-12
	SOLD 2.109 SHS 02/11/14@ 10.88JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-02-12
	SOLD .418 SHS 02/11/14@ 17.95JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-02-12
	SOLD .286 SHS 02/11/14@ 52.9T. ROWE PRICE GROWTH STOCK		2014-02-12
	SOLD .101 SHS 02/11/14@ 74.19T. ROWE PRICE MID CAP GROWTHFUND		2014-02-12
	SOLD .157 SHS 02/11/14@ 14.11ROYCE PENNSYLVANIA MUTUAL FD		2014-02-12
	SOLD .836 SHS 02/11/14@ 32.15T. ROWE PRICE EQUITY INCOMEFUND		2014-02-12
	SOLD 6.128 SHS 01/16/14@ 73.84T. ROWE PRICE MID CAP GROWTHFUND		2014-01-17
	SOLD 2484.812 SHS 01/16/14@ 10.64VANGUARD BOND INDEX #222		2014-01-17
	SOLD 46.798 SHS 01/16/14@ 14.69ROYCE PENNSYLVANIA MUTUAL FD		2014-01-17
	SOLD 360.369 SHS 01/16/14@ 32.77T. ROWE PRICE EQUITY INCOMEFUND		2014-01-17
	SOLD 3.622 SHS 02/11/14@ 10.56FIDELITY TOTAL BOND		2014-02-12
	SOLD .172 SHS 02/11/14@ 52.2FEDERATED INTERCONTINENTALINST		2014-02-12
	SOLD 2.229 SHS 02/11/14@ 13.73DODGE & COX INCOME		2014-02-12
	SOLD 1.055 SHS 02/11/14@ 27.06FIDELITY ADVISOR NEW INSIGHTS INST		2014-02-12
	SOLD 10.856 SHS 04/03/14@ 10.57FIDELITY TOTAL BOND		2014-04-04
	SOLD .300 SHS 05/09/14@ 50.48T. ROWE PRICE GROWTH STOCK		2014-05-12
	SOLD .102 SHS 05/09/14@ 73.22T. ROWE PRICE MID CAP GROWTHFUND		2014-05-12
	SOLD .156 SHS 05/09/14@ 14.27ROYCE PENNSYLVANIA MUTUAL FD		2014-05-12
	SOLD .807 SHS 05/09/14@ 33.32T. ROWE PRICE EQUITY INCOMEFUND		2014-05-12
	SOLD 3.669 SHS 06/11/14@ 13.9DODGE & COX INCOME		2014-06-12
	SOLD 1.021 SHS 06/11/14@ 27.98FIDELITY ADVISOR NEW INSIGHTS INST		2014-06-12
	SOLD .078 SHS 05/09/14@ 38.43RS GLOBAL NATURAL RESOURCES		2014-05-12
	SOLD 2.075 SHS 05/09/14@ 11.06PIONEER STRATEGIC INCOME FUNDCL Y		2014-05-12
	SOLD 3.578 SHS 05/09/14@ 10.69FIDELITY TOTAL BOND		2014-05-12
	SOLD .170 SHS 05/09/14@ 52.92FEDERATED INTERCONTINENTALINST		2014-05-12
	SOLD 3.682 SHS 05/09/14@ 13.85DODGE & COX INCOME		2014-05-12
	SOLD 1.068 SHS 05/09/14@ 26.75FIDELITY ADVISOR NEW INSIGHTS INST		2014-05-12
	SOLD .777 SHS 05/09/14@ 34.74FRANKLIN MUTUAL DISCOVERY ZFUND		2014-05-12
	SOLD 2.429 SHS 05/09/14@ 10.08PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-05-12
	SOLD 2.086 SHS 05/09/14@ 11JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES I		2014-05-12
	SOLD .406 SHS 05/09/14@ 18.48JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-05-12
	SOLD .074 SHS 06/11/14@ 50.77T ROWE PRICE SMALL CAP VALUEFUND		2014-06-12
	SOLD .099 SHS 06/11/14@ 76.13T. ROWE PRICE MID CAP GROWTHFUND		2014-06-12
	SOLD .783 SHS 06/11/14@ 34.33T. ROWE PRICE EQUITY INCOMEFUND		2014-06-12
	SOLD .283 SHS 06/11/14@ 53.41T. ROWE PRICE GROWTH STOCK		2014-06-12
	SOLD 3.677 SHS 07/10/14@ 13.87DODGE & COX INCOME		2014-07-11
	SOLD 1.013 SHS 07/10/14@ 28.19FIDELITY ADVISOR NEW INSIGHTS INST		2014-07-11
	SOLD .077 SHS 06/11/14@ 38.94RS GLOBAL NATURAL RESOURCES		2014-06-12
	SOLD 2.066 SHS 06/11/14@ 11.11PIONEER STRATEGIC INCOME FUNDCL Y		2014-06-12
	SOLD 2.077 SHS 06/11/14@ 11.05JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-06-12
	SOLD .716 SHS 06/11/14@ 18.78JOHN HANCOCK DISCIPLINED VALUE		2014-06-12
	SOLD 3.578 SHS 06/11/14@ 10.69FIDELITY TOTAL BOND		2014-06-12
	SOLD .164 SHS 06/11/14@ 54.73FEDERATED INTERCONTINENTALINST		2014-06-12
	SOLD 2.431 SHS 06/11/14@ 10.07PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-06-12
	SOLD .150 SHS 06/11/14@ 14.8ROYCE PENNSYLVANIA MUTUAL FD		2014-06-12
	SOLD .390 SHS 06/11/14@ 19.22JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-06-12
	SOLD .753 SHS 06/11/14@ 35.85FRANKLIN MUTUAL DISCOVERY ZFUND		2014-06-12
	SOLD 6.259 SHS 04/03/14@ 11PIONEER STRATEGIC INCOME FUNDCL Y		2014-04-04
	SOLD 3.872 SHS 04/03/14@ 10.67VANGUARD BOND INDEX #222		2014-04-04
	SOLD .297 SHS 04/03/14@ 75.78T. ROWE PRICE MID CAP GROWTHFUND		2014-04-04
	SOLD .241 SHS 04/03/14@ 37.27RS GLOBAL NATURAL RESOURCES		2014-04-04
	SOLD 3.592 SHS 04/10/14@ 10.65FIDELITY TOTAL BOND		2014-04-11
	SOLD .172 SHS 04/10/14@ 52.2FEDERATED INTERCONTINENTALINST		2014-04-11
	SOLD 2.222 SHS 04/10/14@ 13.77DODGE & COX INCOME		2014-04-11
	SOLD 1.076 SHS 04/10/14@ 26.55FIDELITY ADVISOR NEW INSIGHTS INST		2014-04-11
	SOLD 1.187 SHS 04/03/14@ 18.96JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-04-04
	SOLD 2.334 SHS 04/03/14@ 34.71FRANKLIN MUTUAL DISCOVERY ZFUND		2014-04-04
	SOLD .506 SHS 04/03/14@ 53.39FEDERATED INTERCONTINENTALINST		2014-04-04
	SOLD 6.248 SHS 04/03/14@ 11.02JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-04-04
	SOLD 2.409 SHS 04/03/14@ 33.48T. ROWE PRICE EQUITY INCOMEFUND		2014-04-04
	SOLD .866 SHS 04/03/14@ 52.4T. ROWE PRICE GROWTH STOCK		2014-04-04
	SOLD 7.293 SHS 04/03/14@ 10.07PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-04-04
	SOLD .445 SHS 04/03/14@ 14.98ROYCE PENNSYLVANIA MUTUAL FD		2014-04-04
	SOLD 1.281 SHS 04/10/14@ 10.75VANGUARD BOND INDEX #222		2014-04-11
	SOLD 74.295 SHS 04/16/14@ 10.64FIDELITY TOTAL BOND		2014-04-17
	SOLD .080 SHS 04/10/14@ 37.29RS GLOBAL NATURAL RESOURCES		2014-04-11
	SOLD 2.081 SHS 04/10/14@ 11.03PIONEER STRATEGIC INCOME FUNDCL Y		2014-04-11
	SOLD 37.486 SHS 04/16/14@ 11.02PIONEER STRATEGIC INCOME FUNDCL Y		2014-04-17
	SOLD 2466.735 SHS 04/16/14@ 10.75VANGUARD BOND INDEX #222		2014-04-17
	SOLD 4.877 SHS 04/16/14@ 10.98JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-04-17
	SOLD 8.287 SHS 04/16/14@ 38.13RS GLOBAL NATURAL RESOURCES		2014-04-17
	SOLD .793 SHS 04/10/14@ 34.04FRANKLIN MUTUAL DISCOVERY ZFUND		2014-04-11
	SOLD 2.431 SHS 04/10/14@ 10.07PIONEER MULTI-ASSET ULTRASHORT INCFUND		2014-04-11
	SOLD 2.094 SHS 04/10/14@ 10.96JOHN HANCOCK STRATEGIC INCOMEOPPORTUNITIES		2014-04-11
	SOLD .410 SHS 04/10/14@ 18.29JOHN HANCOCK DISCIPLINED VALUE MIDCAP		2014-04-11
	SOLD .302 SHS 04/10/14@ 50.13T. ROWE PRICE GROWTH STOCK		2014-04-11
	SOLD .103 SHS 04/10/14@ 72.7T. ROWE PRICE MID CAP GROWTHFUND		2014-04-11
	SOLD .154 SHS 04/10/14@ 14.45ROYCE PENNSYLVANIA MUTUAL FD		2014-04-11
	SOLD .823 SHS 04/10/14@ 32.66T. ROWE PRICE EQUITY INCOMEFUND		2014-04-11
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8	4	4
b	3	3	0
c	15	6	9
d	4	3	1
e	29	19	10
	38	39	-1
	23	22	1
	51	46	5
	13	11	2
	8	5	3
	9	7	2
	23	23	0
	2	1	1
	27	16	11
	27	23	4
	24	24	0
	8	4	4
	3	4	-1
	15	7	8
	4	4	0
	29	18	11
	38	39	-1
	23	22	1
	51	46	5
	13	12	1
	8	5	3
	9	7	2
	23	23	0
	2	1	1
	27	17	10
	27	24	3
	24	24	0
	8	4	4
	3	3	0
	15	7	8
	4	3	1
	29	19	10
	38	39	-1
	23	22	1
	51	46	5
	13	12	1
	8	5	3
	9	6	3
	23	23	0
	2	1	1
	27	16	11
	27	23	4
	24	24	0
	8	4	4
	3	3	0
	15	7	8
	4	3	1
	29	19	10
	38	39	-1
	23	22	1
	51	46	5
	13	12	1
	8	5	3
	9	7	2
	23	23	0
	2	1	1
	27	17	10
	27	23	4
	24	24	0
	9	7	2
	23	22	1
	14	13	1
	8	4	4
	3	4	-1
	3,046	2,789	257
	609	552	57
	4	3	1
	3	3	0
	8	5	3
	27	23	4
	23	23	0
	13	11	2
	15	6	9
	4	3	1
	2	1	1
	27	18	9
	11	10	1
	13	12	1
	3	3	0
	40	36	4
	13	12	1
	4	3	1
	4	3	1
	1,987	2,028	-41
	3	3	0
	13	12	1
	13	12	1
	4	4	0
	13	12	1
	4	3	1
	4	3	1
	3	3	0
	3	4	-1
	23	22	1
	4	3	1
	8	4	4
	2,920	2,999	-79
	687	524	163
	3,386	3,068	318
	2,180	1,364	816
	8	5	3
	27	23	4
	23	23	0
	13	11	2
	27	16	11
	15	6	9
	24	24	0
	2	1	1
	229	280	-51
	1,752	1,672	80
	289	265	24
	573	301	272
	38	39	-1
	9	7	2
	51	46	5
	29	16	13
	573	354	219
	2,061	1,774	287
	1,752	1,766	-14
	1,026	859	167
	2,052	1,246	806
	1,154	477	677
	1,869	1,865	4
	169	80	89
	38	39	-1
	2	1	1
	27	17	10
	27	24	3
	24	24	0
	23	22	1
	14	13	1
	15	7	8
	8	4	4
	31	28	3
	29	19	10
	23	22	1
	14	13	1
	23	23	0
	8	5	3
	38	40	-2
	9	7	2
	15	7	8
	8	4	4
	2	1	1
	27	17	10
	92	85	7
	86	58	28
	23	22	1
	14	13	1
	38	40	-2
	9	7	2
	31	28	3
	29	19	10
	27	24	3
	24	24	0
	23	23	0
	8	5	3
	13	6	7
	7	4	3
	2	1	1
	32	26	6
	2,370	1,748	622
	1,035	703	332
	23	23	0
	30	28	2
	39	41	-2
	7	5	2
	31	29	2
	31	24	7
	21	19	2
	25	25	0
	8	8	0
	7	5	2
	27	25	2
	24	24	0
	23	23	0
	8	5	3
	15	7	8
	8	4	4
	2	1	1
	27	18	9
	453	261	192
	26,438	25,129	1,309
	687	316	371
	11,809	7,445	4,364
	38	40	-2
	9	7	2
	31	28	3
	29	20	9
	115	119	-4
	15	7	8
	8	4	4
	2	1	1
	27	17	10
	51	46	5
	29	19	10
	3	3	0
	23	22	1
	38	39	-1
	9	7	2
	51	46	5
	29	20	9
	27	24	3
	24	24	0
	23	23	0
	8	5	3
	4	3	1
	8	4	4
	27	16	11
	15	7	8
	51	46	5
	29	19	10
	3	3	0
	23	22	1
	23	23	0
	13	12	1
	38	39	-1
	9	6	3
	24	24	0
	2	1	1
	8	5	3
	27	23	4
	69	66	3
	41	40	1
	23	13	10
	9	9	0
	38	39	-1
	9	7	2
	31	28	3
	29	20	9
	23	15	8
	81	71	10
	27	19	8
	69	68	1
	81	51	30
	45	21	24
	73	73	0
	7	3	4
	14	13	1
	791	815	-24
	3	3	0
	23	22	1
	413	394	19
	26,517	26,769	-252
	54	53	1
	316	324	-8
	27	24	3
	24	24	0
	23	23	0
	8	5	3
	15	7	8
	8	4	4
	2	1	1
	27	17	10
	15,736		15,736

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			4
b			0
c			9
d			1
e			10
			-1
			1
			5
			2
			3
			2
			0
			1
			11
			4
			0
			4
			-1
			8
			0
			11
			-1
			1
			5
			1
			3
			2
			0
			1
			10
			3
			0
			4
			0
			8
			1
			10
			-1
			1
			5
			1
			3
			3
			0
			1
			11
			4
			0
			4
			0
			8
			1
			10
			-1
			1
			5
			1
			3
			2
			0
			1
			10
			4
			0
			2
			1
			1
			4
			-1
			257
			57
			1
			0
			3
			4
			0
			2
			9
			1
			1
			9
			1
			1
			0
			4
			1
			1
			1
			-41
			0
			1
			1
			0
			1
			1
			1
			0
			-1
			1
			1
			4
			-79
			163
			318
			816
			3
			4
			0
			2
			11
			9
			0
			1
			-51
			80
			24
			272
			-1
			2
			5
			13
			219
			287
			-14
			167
			806
			677
			4
			89
			-1
			1
			10
			3
			0
			1
			1
			8
			4
			3
			10
			1
			1
			0
			3
			-2
			2
			8
			4
			1
			10
			7
			28
			1
			1
			-2
			2
			3
			10
			3
			0
			0
			3
			7
			3
			1
			6
			622
			332
			0
			2
			-2
			2
			2
			7
			2
			0
			0
			2
			2
			0
			0
			3
			8
			4
			1
			9
			192
			1,309
			371
			4,364
			-2
			2
			3
			9
			-4
			8
			4
			1
			10
			5
			10
			0
			1
			-1
			2
			5
			9
			3
			0
			0
			3
			1
			4
			11
			8
			5
			10
			0
			1
			0
			1
			-1
			3
			0
			1
			3
			4
			3
			1
			10
			0
			-1
			2
			3
			9
			8
			10
			8
			1
			30
			24
			0
			4
			1
			-24
			0
			1
			19
			-252
			1
			-8
			3
			0
			0
			3
			8
			4
			1
			10
			15,736

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	27,462
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 . . . . . . . . . . . . . . . .		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? Yes No

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 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))
2013
2012
2011
2010
2009

2	Total of line 1, column (d) ......................	2
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
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
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 (2014)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	743
	hereand 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	743
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	743
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	960
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	960
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	217
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax217	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

BANCORPSOUTH - TRUST & ASSET MGMT Telephone no. bullet

(205) 437-2742

Located at bullet

4680 HIGHWAY 280 EASTBIRMINGHAMAL ZIP+4 bullet

35242

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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 instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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 2014?.............

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)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

If "Yes," did it have excess business holdings in 2014 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 2014.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2014?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2014)

Page 7

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
BANCORPSOUTH	CORPORATE TRUSTEE 5.00	4,415	0	0
4680 HIGHWAY 280 EAST BIRMINGHAM,AL35242	CORPORATE TRUSTEE 5.00	4,415	0	0

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...................				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............. bullet

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 (2014)

Page 8

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 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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

572,309

Average of monthly cash balances.......................

7,476

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

579,785

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

579,785

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

8,697

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

571,088

Minimum investment return. Enter 5% of line 5..................

28,554

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

28,554

Tax on investment income for 2014 from Part VI, line 5......

743

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

743

Distributable amount before adjustments. Subtract line 2c from line 1............

27,811

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

27,811

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

27,811

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

26,425

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

26,425

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

26,425

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 (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7				27,811
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......			22,883
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........	0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 26,425
a Applied to 2013, but not more than line 2a				22,883
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 2014 distributable amount.....				3,542
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2014.	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 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........				24,269
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2010....
b Excess from 2011....
c Excess from 2012....
d Excess from 2013....
e Excess from 2014....

Form 990-PF (2014)

Page 10

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 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

AUBURN UNIVERSITY SCHOLARSHIP OFFIC
317 SOUTH COLLEGE STREET
AUBURN,AL36849
(334) 844-7570

bThe form in which applications should be submitted and information and materials they should include:

CONTACT AUBURN UNIVERSITY SCHOLARSHIP OFFICE FOR APPLICATION INFORMATION

cAny submission deadlines:

CONTACT AUBURN UNIVERSITY SCHOLARSHIP OFFICE FOR APPLICATION INFORMATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

CONTACT AUBURN UNIVERSITY SCHOLARSHIP OFFICE FOR APPLICATION INFORMATION

Form 990-PF (2014)

Page 11

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AUBURN UNIVERSITY FOUNDATION 317 SOUTH COLLEGE STREET AUBURN,AL36830	N/A	PUBLIC	SCHOLARSHIP/ EDUCATIONAL	22,900
Total ................................. 3a				22,900

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2014)

Page 12

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	(e) Related or exempt function income (See instructions.)
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	12,333
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	27,462
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		39,795	0

13Total. Add line 12, columns (b), (d), and (e)..................

1339,795

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
T. ROWE PRICE GROWTH STOCK	14,035	28,707
T. ROWE PRICE EQUITY INCOME	34,383	49,130
T. ROWE PRICE MID CAP GROWTH FUND	7,662	14,297
ROYCE PENNSYLVANIA MUTUAL FUND	2,113	3,657
FRANKLIN MUTUAL DISCOVERY Z FUND	42,508	48,485
FEDERATED INTERCONTINENTAL INST	13,701	15,296
FIDELITY ADVISOR NEW INSIGHTS INST	38,220	53,290
T ROWE PRICE SMALL CAP VALUE FUND	6,277	6,496

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
VANG BOND INDEX #222	AT COST	0	0
DODGE & COX INCOME	AT COST	77,133	80,770
PIONEER STRATEGIC INCOME FUND (Y SHARES)	AT COST	40,477	40,682
JOHN HANCOCK STRAT INC OPP FUND	AT COST	41,654	41,392
JOHN HANCOCK DISC VAL MID CAP FUND	AT COST	9,402	14,961
PIONEER MULTI ASSET FLOATING RATE FUND	AT COST	44,526	44,309
JOHN HANCOCK DISC VAL FUND	AT COST	22,465	25,843
RS GLOBAL NATURAL RESOURCES	AT COST	5,574	3,681

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2013 FEDERAL TAX	371	0		0
2014 ESTIMATED TAX	960	0		0