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
ROSTAN FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 970 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
VALDESE, NC286900970

A Employer identification number

56-1901626

B Telephone number (see instructions)

(828) 874-7000

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

$9,222,480J 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)..............	2,000,000
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	7		7
4	Dividends and interest from securities......	209,395		209,395
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		115,976
b	Gross sales price for all assets on line 6a 1,222,825
7	Capital gain net income (from Part IV, line 2)...			115,976
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).......		22,893	22,893
12	Total. Add lines 1 through 11........	2,348,271		348,271
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,500	4,500	0
c	Other professional fees (attach schedule)....		54,822	54,822	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		13,220	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		207	207	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	72,749		59,529	0
25	Contributions, gifts, grants paid........	310,500			310,500
26	Total expenses and disbursements. Add lines 24 and 25	383,249		59,529	310,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,965,022
b	Net investment income (if negative, enter -0-)			288,742
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...............
	2	Savings and temporary cash investments..........	23,043	2,028,044	2,028,044
	3	Accounts receivable 12,777
		Less: allowance for doubtful accounts	1,951	12,777	12,777
	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)	145,928	0	0
	b	Investments—corporate stock (attach schedule)........	5,269,944	5,491,426	7,041,466
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	266,552	140,193	140,193
	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)	5,707,418	7,672,440	9,222,480
	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	0
	29	Retained earnings, accumulated income, endowment, or other funds	5,707,418	7,672,440
	30	Total net assets or fund balances (see instructions)......	5,707,418	7,672,440
	31	Total liabilities and net assets/fund balances (see instructions)..	5,707,418	7,672,440

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	5,707,418
2	Enter amount from Part I, line 27a.....................	2	1,965,022
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	7,672,440
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	7,672,440

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	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	CALIFORNIA RESOURCES CORP COMMON 84 SHS		2014-10-30	2014-12-22
b	CREDIT SUISSE COMMODITY RETURN STRATEGY INSITUTIONAL S 5,987.353 SHS		2013-04-17	2014-01-30
c	DISCOVERY COMMUNICATIONS A COMMON 375 SHS		2014-06-04	2014-10-30
d	MATTEL INC 2,500 SHS		2014-02-11	2014-12-22
e	NATURAL RESOURCE PARTNERS LP 3,110 SHS		2014-02-11	2014-04-08
	VERIZON COMMUNICATIONS INC 0.23 SHS		2014-02-24	2014-03-27
	XYLEM INC COMMON 1,400 SHS		2013-08-05	2014-01-30
	YAMANA GOLD INC 1,020 SHS		2013-10-31	2014-10-30
	ADT CORP COMMON 930 SHS		2013-06-14	2014-10-30
	BROADCOM CORP CL A COMMON 1,990 SHS		2011-07-11	2014-06-04
	CALIFORNIA RESOURCES CORP COMMON 172 SHS		2012-09-27	2014-12-22
	CENOVUS ENERGY INC 1,390 SHS		2011-01-21	2014-10-30
	COHEN & STEERS INTERNATIONAL REALTY FUND INC CL I FUND 13,149.755 SHS		2012-02-06	2014-09-05
	COMCAST CORP CL A COM 630 SHS		2009-10-21	2014-01-30
	COMCAST CORP CL A COM 70 SHS		2009-10-21	2014-09-11
	DIRECTV COMMON 80 SHS		2012-11-19	2014-04-08
	DIRECTV COMMON 70 SHS		2012-11-19	2014-09-11
	FED NATL MTG ASSN DTD 3/25/04 4.125% 150,000 SHS		2005-02-17	2014-04-15
	JOHNSON & JOHNSON 200 SHS		2005-08-26	2014-04-08
	MERCK & CO INC 616 SHS		2010-01-04	2014-09-11
	MICROSOFT CORPORATION 770 SHS		2004-06-15	2014-04-08
	MICROSOFT CORPORATION 1,000 SHS		2004-08-23	2014-09-11
	MICROSOFT CORPORATION 300 SHS		2005-04-01	2014-10-30
	NATURAL RESOURCE PARTNERS LP 1,890 SHS		2012-05-09	2014-04-08
	PEPSICO INCORPORATED 500 SHS		2005-05-09	2014-09-11
	RYDER SYSTEMS INC COMMON 570 SHS		2012-07-25	2014-01-17
	TARGET CORP 700 SHS		2011-02-25	2014-11-25
	TEVA PHARMACEUTICAL INDS LTD - ADR 1,430 SHS		2011-02-25	2014-06-04
	3M COMPANY COMMON 200 SHS		2005-08-26	2014-04-08
	THE TRAVELERS COMPANIES INC. 80 SHS		2011-11-09	2014-10-30
	THE TRAVELERS COMPANIES INC. 370 SHS		2005-05-12	2014-11-25
	YAMANA GOLD INC 4,580 SHS		2011-05-24	2014-10-30
	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	503	647	-144
b	42,929	48,009	-5,080
c	13,475	14,923	-1,448
d	73,821	101,003	-27,182
e	49,737	50,013	-276
	11	11	0
	46,827	38,215	8,612
	4,702	10,154	-5,452
	32,802	36,306	-3,504
	73,320	67,618	5,702
	1,030	1,292	-262
	34,017	43,638	-9,621
	159,901	137,452	22,449
	34,102	9,695	24,407
	3,986	1,077	2,909
	6,245	3,924	2,321
	6,074	3,433	2,641
	150,000	145,928	4,072
	19,641	12,450	7,191
	36,953	22,875	14,078
	30,626	21,137	9,489
	46,781	27,350	19,431
	13,819	7,281	6,538
	30,226	43,807	-13,581
	45,779	28,122	17,657
	41,753	24,410	17,343
	50,475	37,551	12,924
	72,876	77,637	-4,761
	26,967	14,194	12,773
	8,032	4,623	3,409
	38,281	15,840	22,441
	21,113	56,234	-35,121
	6,021		6,021

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			-144
b			-5,080
c			-1,448
d			-27,182
e			-276
			0
			8,612
			-5,452
			-3,504
			5,702
			-262
			-9,621
			22,449
			24,407
			2,909
			2,321
			2,641
			4,072
			7,191
			14,078
			9,489
			19,431
			6,538
			-13,581
			17,657
			17,343
			12,924
			-4,761
			12,773
			3,409
			22,441
			-35,121
			6,021

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	115,976
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	308,050	6,371,349	0.048349
2012	313,500	6,291,412	0.049830
2011	297,000	6,359,013	0.046705
2010	274,000	6,126,554	0.044723
2009	340,814	5,577,890	0.061101

2	Total of line 1, column (d) ......................	2	0.250708
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	0.050142
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	6,985,238
5	Multiply line 4 by line 3.......................	5	350,254
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,887
7	Add lines 5 and 6.........................	7	353,141
8	Enter qualifying distributions from Part XII, line 4..............	8	310,500
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	5,775
	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	5,775
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	5,775
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	8,200
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	8,200
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	2,425
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,425	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. Click to see attachment

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

Yes

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

JAMES H ROSTAN Telephone no. bullet

(828) 874-7000

Located at bullet

POST OFFICE BOX 970VALDESENC ZIP+4 bullet

28690

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
MRS JOHN P ROSTAN JR	DIRECTOR/PRESIDENT 5.00	0	0	0
PO BOX 970 VALDESE,NC28690	DIRECTOR/PRESIDENT 5.00	0	0	0
JAMES H ROSTAN	VP/TREASURER 10.00	0	0	0
PO BOX 970 VALDESE,NC28690	VP/TREASURER 10.00	0	0	0
JOHN P ROSTAN III	VP/SECRETARY 10.00	0	0	0
PO BOX 970 VALDESE,NC28690	VP/SECRETARY 10.00	0	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
BB&T WEALTH MANAGEMENT	INVESTMENT MANAGEMENT	54,822
PO BOX 2887 WILSON,NC27894	INVESTMENT MANAGEMENT	54,822

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

5,040,618

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

466,218

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

1,584,776

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

7,091,612

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

7,091,612

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

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

106,374

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

6,985,238

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

349,262

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

349,262

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

5,775

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

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

5,775

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

343,487

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

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

343,487

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

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

343,487

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 ..........

310,500

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

310,500

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

310,500

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				343,487
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......			309,583
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: $ 310,500
a Applied to 2013, but not more than line 2a				309,583
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.....				917
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 ..........				342,570
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).)

MRS JOHN P ROSTAN JR

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 email address 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 (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
A BETTER LIFE RESCUE INC 1000 JAMESTOWN RD MORGANTON,NC28680	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
BARIUM SPRINGS HOME FOR CHILDREN 203 AVERY AVE MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	10,000
BARIUM SPRINGS HOME FOR CHILDREN 203 AVERY AVE MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
BURKE CHARITABLE PROPERTIES INC 305 C WEST UNION ST MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
BURKE COUNTY SMART START INC 304 WEST UNION ST VALDESE,NC28655	NONE	501(C)3 ORGANIZATION	EDUCATIONAL	2,500
BURKE HOSPICE & PALLIATIVE CARE 1721 ENON RD MORGANTON,NC28690	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	2,500
BURKE UNITED CHRISTIAN MINISTRIES 305-B WEST UNION ST MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
COMMUNITY FOUNDATION OF BURKE COUNTY 205 N KING ST MORGANTON,NC28680	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
COMMUNITY FOUNDATION OF BURKE COUNTY 205 N KING ST MORGANTON,NC28680	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
COMMUNITY FOUNDATION OF BURKE COUNTY 205 N KING ST MORGANTON,NC28680	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
EAST BURKE CHRISTIAN MINISTRIES 103 3RD AVE SE HILDEBRAN,NC28637	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
FIRST PRESBYTERAN CHURCH - CHLT 200 W TRADE ST CHARLOTTE,NC28202	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	3,500
FOOTHILLS CONSERVANY OF NC 135 W UNION ST MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	15,000
FOOTHILLS SERVICE PROJECT 940 MALCOLM BLVD RUTHERFORD COLLEGE,NC28671	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
LITERACY COUNCIL OF BURKE CO 300 N GREEN STREET 20 MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	EDUCATIONAL	5,000
LOVELADY FIRE AND RESCUE 748 MALCOLM BLVD RUTHERFORD COLLEGE,NC28671	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	2,000
OLD COLONY PLAYERS INC 400 WEST MAIN VALDESE,NC28690	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	7,000
OLD COLONY PLAYERS INC 400 WEST MAIN VALDESE,NC28690	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	3,000
OPTIONS INC 412 E MEETING ST MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
PAT'S PLACE 901 EAST BLVD CHARLOTTE,NC28203	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
SALVATION ARMY OF BURKE CO 420-B WEST FLEMING DR MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
SUPPORTIVE HOUSING COMMUNITIES MCCREESH PLACE 2120 N DAVIDSON ST CHARLOTTE,NC28205	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	6,500
THE MEETING PLACE ONE INC 310 E MEETING ST STE 5 MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	15,000
THE OUTREACH CENTER 510 E FLEMING DR MORGANTON,NC28655	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	5,000
TOWN OF VALDESE 108 MASSEL AVE SW VALDESE,NC28690	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	150,000
VALDESE ELEMENTARY SCHOOL PTO 298 PRALEY ST NW VALDESE,NC28690	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	13,500
WALDENSIAN PRESBYTERIAN CHURCH 109 MAIN ST E VALDESE,NC28690	NONE	501(C)3 ORGANIZATION	PHILANTHROPIC	10,000
Total ................................. 3a				310,500

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 ............			14	7
4 Dividends and interest from securities....			14	209,395
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.....			14	22,893
8 Gain or (loss) from sales of assets other than inventory .............			18	115,976
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		348,271	0

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

13348,271

(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

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

ROSTAN FAMILY FOUNDATION

Employer identification number

56-1901626

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization ROSTAN FAMILY FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	NAOMI B ROSTAN PO BOX 970 VALDESE, NC28690	$2,000,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization ROSTAN FAMILY FOUNDATION

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
ROSTAN FAMILY FOUNDATION

Employer identification number

56-1901626

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2014 AccountingFeesSchedule

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DAVIDSON, HOLLAND, WHITESELL	4,500	4,500		0

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M COMPANY 200 SHARES	14,194	32,864
ABBOTT LABS 1500 SHARES	24,399	67,530
ABBVIE INC COMMON 510 SHARES	7,990	33,374
ACTIVISION BLIZZARD INC COMMON 2710 SHS	55,924	54,607
ACCENTURE PLC CL A 250 SHARES	18,462	22,328
ADT CORP COMMON 1070 SHARES	33,686	38,766
AKAMAI TECHNOLOGIES COMMON 780 SHARES	27,112	49,109
AMERICAN CENTURY DIVERSIFIED 12327 SHARES	134,647	134,358
APACHE CORPORATION COMMON 690 SHARES	56,067	43,242
APPLE COMPUTER CORP 1050 SHARES	37,500	115,899
AT&T INC 2400 SHARES	62,592	80,616
BB&T 2000 SHARES	27,668	77,780
BROADCOM CORPORATION 310 SHARES	8,559	13,432
CABOT OIL AND GAS 900 SHS	30,376	26,649
CAPITAL ONE FINANCIAL CORP 730 SHS	51,997	60,262
CBRE GROUP INC COMMON 2040 SHARES	46,416	69,870
CENOVUS ENERGY INC 1390 SHARES	0	0
CHARLES SCHWAB CORP 2530 SHARES	30,534	76,381
CHECKPOINT SOFTWARE TECHNOLOGY 1090 SHARES	48,855	85,641
CHEVRON CORP 440 SHARES	30,483	49,359
CICSO SYSTEMS 2660 SHARES	49,014	73,988
CITRIX SYSTEMS INC COMMON 1050 SHARES	59,766	66,990
COCA-COLA COMPANY COMMON 475 SHS	19,753	20,055
COHEN & STEERS REALTY SHARES INSTITUTIONAL 3264.255	159,720	163,409
COHEN & STEERS INTERNATIONAL REALTY FD 13150 SHARES	0	0
COMCAST CORP 1040 SHARES	13,853	60,330
CONOCOPHILLIPS CO 830 SHARES	34,382	57,320
CREDIT SUISSE COMMODITY RETURN STRATEGIC INSTITUTIONAL SHS FD 5988 SHARES	0	0
DIRECT TV 660 SHARES	32,371	57,222
DISCOVERY COMMUNICATIONS C COMMON 1100 SHS	39,938	37,092
DOUBLELINE TOTAL RETURN BOND FUND 19281 SHARES	215,560	211,511
DUNKIN' BRANDS GROUP INC COMMON 600 SHS	25,243	25,590
EBAY INC COMMON 1000 SHARES	51,202	56,120
ENSCO INTERNATIONAL PLC 1420 SHARES	65,230	42,529
EOG RESOURCES 740 SHARES	32,627	68,132
ADVISORY RESEARCH MLP & ENERGY INCOME FUND 8135 SHARES	93,381	108,118
FEDERATED SHORT TERM INCOME FUND CL Y 9000 SHS	77,310	76,860
FORD MOTOR COMPANY 3420 SHARES	32,519	53,010
GENERAL ELECTRIC COMPANY 2870 SHARES	38,262	72,525
GENERAL MILLS INC 760 SHARES	29,161	40,531
HALLIBURTON COMPANY 1020 SHARES	38,106	40,117
HARBOR INTERNATIONAL FND 6008.135 SHARES	365,379	389,207
HCA HOLDINGS INC COMMON 790 SHARES	30,913	57,978
I-SHARES MSCI EAFE INDEX FUND 6200 SHARES	325,995	377,208
I-SHARES MSCI EAFE SMALL CAP INDES FUND 1300 SHARES	49,151	60,723
I-SHARES S&P MIDCAP 400 GROWTH 75 SHARES	8,204	11,975
I-SHARES S&P MIDCAP 400/BARRA VAL 100 SHARES	8,411	12,783
INTEL COMMON 2180 SHARES	34,986	79,112
INTUIT INC 600 SHARES	25,425	55,314
I-SHARES MSCI EMERGING MARKETS INDEX 3400 SHARES	105,288	133,586
I-SHARES RUSSELL 2000 INDEX FND 3000 SHARES	217,005	358,860
JOHNSON & JOHNSON 1000 SHARES	47,265	104,570
KINDER MORGAN INC COMMON 1000 SHS	34,095	42,310
LENNAR CORP COMMON 1000 SHS	39,436	44,810
MAXIM INTEGRATED PRODUCTS COMMON 1780 SHARES	49,982	56,729
MCDONALDS CORPORATION 440 SHARES	39,172	41,228
MEDNAX INC COMMON 350 SHS	21,513	23,139
MERCK & CO INC 2000 SHARES	54,076	113,580
METLIFE INC 1180 SHARES	37,783	63,826
METROPOLITAN WEST TOTAL RETURN BOND 16411.028 SHARES	174,571	178,880
MICROSOFT 1700 SHARES	41,134	78,965
MYRIAD GENETICS INC COMMON 2050 SHARES	50,267	69,823
NATURAL RESOURCE PARTNERS LP 1890 SHARES	0	0
NCR CORP NEW COMMON 1500 SHS	43,233	43,710
NEUBERGER BERMAN STRATEGIC INCOME FUND-I 7859 SHARES	87,163	87,469
NIELSON HOLDINGS N.V. 860 SHARES	29,541	38,468
NOVARTIS A G ADR 830 SHARES	44,420	76,908
OCCIDENTAL PETROLEUM CORPORATION 750 SHARES	62,584	60,458
PEARSON PLC SPONSORED ADR 1810 SHARES	34,724	33,395
PEPSICO 1000 SHARES	56,243	94,560
PFIZER INC COMMON 1110 SHARES	22,195	34,577
PIEDMONT NATURAL GAS, INC. 3510 SHARES	5,281	138,329
PIMCO LOW DURATION FUND 36619.017 SHARES	383,255	367,655
PROCTER & GAMBLE 420 SHARES	23,036	38,258
QUALCOMM INC 830 SHARES	48,551	61,694
ROGERS COMMUNICATIONS INC 1100 SHARES	44,647	42,746
RYDER SYSTEMS INC 570 SHARES	0	0
SCOTTS CO CL A 525 SHS	31,179	32,718
SOUTHERN COMPANY 750 SHARES	32,013	36,833
SPECTRA ENERGY CORP COMMON 1760 SHARES	48,927	63,888
STERLING CAPITAL CORPORATE FUND 17221 SHARES	178,524	176,182
STERLING CAPITAL SHORT DURATION BOND FUND 31392 SHARES	289,776	282,524
STERLING CAPITAL TOTAL RETURN BOND 13203 SHARES	143,812	141,534
TARGET CORP COM 700 SHARES	0	0
TEVA PHARMACEUTICAL INDS 1430 SHARES	0	0
THE TRAVELERS CO 450 SHARES	0	0
TIME WARNER CABLE INC COMMON 300 SHARES	26,117	45,618
UNILEVER PLC-SPONSORED ADR 890 SHARES	29,156	36,027
UNITED PARCEL SERVICES 440 SHARES	32,438	48,915
VANGUARD REIT VIPERS	32,334	38,070
VERIZON COMMUNICATIONS INC 318 SHS	15,301	14,876
VODAPHONE GROUP PLC - SP ADR 660 SHS	23,068	22,552
VODAFONE GROUP 1210 SHARES	0	0
WASTE MANAGEMENT INC 1300 SHARES	44,147	66,716
WELLS FARGO & CO 980 SHARES	29,523	53,724
WILLIAMS COMPANIES INC 1000 SHARES	35,328	44,940
XYLEM INC COMMON 1400 SHARES	0	0
YAMANA GOLD INC 5600 SHARES	0	0

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

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

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BB&T TRUST DEPOSIT WD	AT COST	140,193	140,193

- TIN:

TY 2014 OtherExpensesSchedule

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER DEDUCTIONS	207	207		0

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
BB&T INVESTMENTS - TAX EXEMPT DIVS	5,508	5,508	5,508
ORDINARY INCOME FROM K-1	195	195	195
ROYALTIES FROM K-1	141	141	141
LONG-TERM CAPITAL GAIN FROM K-1	14	14	14
SECTION 1231 GAIN FROM K-1	995	995	995
ORDINARY GAIN FROM K-1	972	972	972
STOCK LITIGATION PROCEEDS	68	68	68
BB&T INVESTMENTS - MISC. CASH RECEIVED	15,000	15,000	15,000

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BB&T ASSET MANAGEMENT	54,822	54,822		0

- TIN:

TY 2014 SubstantialContributorsSch

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Name	Address
NAOMI B ROSTAN	PO BOX 970 VALDESE,NC28690

- TIN:

TY 2014 TaxesSchedule

Name:

ROSTAN FAMILY FOUNDATION

EIN: 56-1901626

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID/EXCISE TAX REFUND	5,020	0		0
EXCISE TAXES PAID & ESTIMATES	8,200	0		0