Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation 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
WALTER & MARIE WILLIAMS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)207 CROWN POINT ROAD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENVILLE, NC27858
A Employer identification number

20-5940392
B Telephone number (see instructions)

(252) 355-4610
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,341,786J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 1,448,268
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 58,938 58,938  
4 Dividends and interest from securities...... 20,376 20,376  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 97,046 97,046  
12 Total. Add lines 1 through 11........ 1,624,628 176,360  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,010 2,010    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,199 2,199    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,209 4,209   0
25 Contributions, gifts, grants paid........ 962,166 962,166
26 Total expenses and disbursements. Add lines 24 and 25 966,375 4,209   962,166
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 658,253
b Net investment income (if negative, enter -0-) 172,151
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,444,077 1,999,585 1,999,585
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 626,883 Click to see attachment683,952 919,102
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............. 4,101,327 3,443,465 3,084,700
13 Investments—other (attach schedule)........... 88,418 Click to see attachment337,399 338,399
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,260,705 6,464,401 6,341,786
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment454,557  
23 Total liabilities (add lines 17 through 22).......... 454,557 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 5,806,148 6,464,401
30 Total net assets or fund balances (see instructions)...... 5,806,148 6,464,401
31 Total liabilities and net assets/fund balances (see instructions).. 6,260,705 6,464,401
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 5,806,148
2 Enter amount from Part I, line 27a..................... 2 658,253
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 6,464,401
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 6,464,401
Form 990-PF (2014)
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see 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 437,384 5,584,929 0.078315
2012 165,649 5,540,621 0.029897
2011 185,672 5,387,902 0.034461
2010 105,271 388,597 0.270900
2009 102,741 577,972 0.177761
2 Total of line 1, column (d) ...................... 2 0.591334
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 0.118267
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,551,004
5 Multiply line 4 by line 3....................... 5 656,501
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,722
7 Add lines 5 and 6......................... 7 658,223
8 Enter qualifying distributions from Part XII, line 4.............. 8 962,166
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)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,722
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,722
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,722
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
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 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 39
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,761
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCECIL S MIZELLE Telephone no.bullet (252) 756-8888
    Located atbullet1100 CONFERENCE DRIVEGREENVILLENC ZIP+4bullet27858
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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)
    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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 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.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    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
    WALTER L WILLIAMS PRESIDENT
    1.00     		0 0 0
    207 CROWN POINT RD
    GREENVILLE,NC27834
    MARIE S WILLIAMS SECT/TREASUR
    0.00     		0 0 0
    207 CROWN POINT RD
    GREENVILLE,NC27834
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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)
    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 N/A  
    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.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    889,347
    b
    Average of monthly cash balances.......................
    1b
    1,423,499
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,322,691
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,635,537
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,635,537
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    84,533
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,551,004
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    277,550
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    277,550
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,722
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,722
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    275,828
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    275,828
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    275,828
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    962,166
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    962,166
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    1,722
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    960,444
    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)
    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 7 275,828
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 73,842
    b From 2010....... 85,841
    c From 2011.......  
    d From 2012.......  
    e From 2013....... 160,035
    fTotal of lines 3a through e......... 319,718
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 962,166
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 275,828
    e Remaining amount distributed out of corpus 686,338
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,006,056
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		73,842
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		932,214
    10 Analysis of line 9:
    a Excess from 2010.... 85,841
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013.... 160,035
    e Excess from 2014.... 686,338
    Form 990-PF (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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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).)
    WALTER L WILLIAMS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WALTER MARIE WILLIAMS
    207 CROWN POINT RD
    GREENVILLE,NC27858
    (252) 752-4366
    bThe form in which applications should be submitted and information and materials they should include:
    ORAL OR WRITTEN REQUESTS ARE ACCEPTABLE.
    cAny submission deadlines:
    NO DEADLINES FOR SUBMISSION.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS ON REQUESTS.
    Form 990-PF (2014)
    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)
    aPaid during the year
    A TIME FOR SCIENCE
    949 CONTENTNEA LN
    GRIFTON,NC28530     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    AARP
    1511 SUNDAY DR 312
    RALEIGH,NC27607     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 51
    ACRES FOR AUTISM
    28827 SATE RD 46
    SORRENTO,FL32776     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 140
    ADMIRAL NIMITZ FOUNDATION
    310 E AUSTIN ST
    FREDERICKSBURG,TX78624     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 117
    AFAC
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 60
    ALZHEIMER'S DISEASE RESEARCH CENTER
    200 LOTHROP ST
    PITTSBURGH,PA152132582     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    AMERICAN CANCER RESEARCH
    PO BOX 22718
    OKLAHOMA CITY,OK731231718     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    AMERICAN HEART ASSOC
    3219 LANDMARK ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 7
    AMERICAN LEGION
    403 ST ANDREWS DR
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 795
    AMERICAN LUNG ASSOCIATION
    55 W WACKER DR STE 1150
    CHICAGO,IL60601     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    AMERICAN VETERANS ASSOC
    4647 FORBLES BLVD
    LANHAM,MD20706     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    ARTHUR CHRISTIAN CHURCH
    2616 FIREHOUSE RD
    BELLARTHUR,NC27811     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    AYDEN COMMUNITY THEATER
    4354 LEE ST
    AYDEN,NC28513     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    AYDEN ROTARY CLUB
    AYDEN
    AYDEN,NC28513     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    AYDEN VOLNUTEER FIRE DEPT
    PO BOX 327
    AYDEN,NC28513     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5,000
    BAPTIST CHILDREN'S HOMES OF NC
    PO BOX 338
    THOMASVILLE,NC27361     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 151,500
    BAYVIEW COMMUNITY CHURCH
    3536 HWY 92 EAST
    BATH,NC27808     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    BEAU'S BUDDIES CANCER FUND
    2326 LILLIES DREAM LN
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    BEAUFORT COUNTY COMMITTEE OF 100
    705 PAGE RD
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    BEAUFORT COUNTY DEVELOPMENT CENTER
    1109 N RESPESS ST
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    BEAUFORT COUNTY PIRATE CLUB
    PO BOX 836
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    BHSP
    PO BOX 321
    BATH,NC27808     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 75
    BOY SCOUTS OF AMERICA
    PO BOX 1698
    KINSTON,NC28501     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    BOYS AND GIRLS HOME
    PO BOX 127
    LAKE WACCAMAW,NC28450     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    BUILDING HOPE COMMUNITY LIFE CENTER
    309 W 8TH ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 600
    CAMPUS CRUSADE FOR CHRIST
    100 LAKE HART DR
    ORLANDO,FL32832     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    CANCER SUPPORT COMMUNITY
    1050 17TH ST NW ST 500
    WASHINGTON,DC20036     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,000
    CAROLINA PREGNANCY CENTER
    1012 CHARLES BLVD
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 500
    CARRIE SANDERSON
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 150
    CHRIS CARTER MEMORIAL SCHOLARSHIP
    226 COMMERCE ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    CHRISTIAN SENIORS ASSOCIATION
    139 C ST SE STE 100
    WASHINGTON,DC20003     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    CHURCH OF GOD'S PURPOSE
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    CITIZENS UNITED
    1006 PENNSYLVANIA AVE
    WASHINGTON,DC20003     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 120
    CIVIL WAR TRUST
    1140 PROFESSIONAL CT
    HAGERSTOWN,MD21740     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 135
    CIVITAN CLUB
    PO BOX 130744
    BIRMINGHAM,AL35213     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 84
    COALITION TO SOLUTE AMERICA'S HEROS
    552 FORT EVANS RD
    LEESBURG,VA20176     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    COMMEMORATIVE AIR FORCE
    PO BOX 62000
    MIDLAND,TX79711     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 40
    CONGRESSIONAL PRAYER FOUNDATION
    PO BOX 15095
    CHESAPEAKE,VA23328     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    CONSERVATIVE MAJORITY
    2776 S ARLINGTON MILL DR
    ARLINGTON,VA22206     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    CONSUMER REPORTS
    101 TRUMAN AVE
    YONKERS,NY10703     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 51
    CYPRESS SWAMPS RENEWAL
    33100 TAMIAMI TRAIL E
    OCHOPEE,FL34141     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    DEPT OF SOCIAL SERVICES
    1717 W FIFTH ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    DISABLED AMERICAN VETS
    3338 FRONTGATE DR
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 55
    EAST CAROLINA VOCATIONAL CENTER
    901 STATON ROAD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 620
    EASTERN PINES FIRE DEPT
    5453 EASTERN PINES RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 56
    ECU ALUMNI ASSOCIATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    ECU ATHLETICS
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 135
    ECU COLLEGE OF HEALTH & HUMAN PERFO
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,000
    ECU DENTAL SCHOOL
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,000
    ECU EDUC FOUNDATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 39,245
    ECU FOOTBALL
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 60
    ECU FRIENDS OF MUSIC
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    ECU MARILYN SHEERER FUND
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    ECU MEDICAL FOUNDATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 3,500
    ECU PIRATE CLUB
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 701,200
    ECU SCHOOL OF BUSINESS
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    ECU WOMEN'S BASKETBALL
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 95
    EISENHOWER LEGACY SOCIETY
    200 SE 4TH ST
    ABILENE,KS67410     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 44
    EL PASO HOLOCAUST MUSEUM
    715 N OREGON ST
    EL PASO,TX79902     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    EMERALD ISLE BAPTIST CHURCH
    304 EMERALD PLANTATION
    EMERALD ISLE,NC28594     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    ENC AMBUCS
    1300 OAKVIEW DR
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    FARMVILLE CHARITABLE ORGANIZATION
    PO BOX 863
    FARMVILLE,NC27828     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 300
    FELLOWSHIP OF CHRISTIAN ATHLETES
    740 GREENVILLE BLVD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 350
    FOR GOD AND COUNTRY
    PO BOX 2782
    WILLIAMSBURG,VA23187     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 48
    FORT HOOD PEITION MAJOR DONAHUE
    PO BOX 96565
    WASHINGTON,DC200906565     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    FORTUNE
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    FOURTH OF JULY EMERGENCY A & D DRIV
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    FREEDOM ALLIANCE
    22570 MARKEY CT STE 240
    DULLES,VA20166     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 75
    FRIENDS OF BATH LIBRARY
    PO BOX 160
    BATH,NC27808     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 75
    FRIENDS OF FAMILY SUPPORT NETWORK
    PO BOX 361626
    INDIANAPOLIS,IN462361625     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 39
    GEORGE WHITFIELD CLINIC
    216 HARDINGWOOD DR
    GOLDSBORO,NC27534     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 134
    GETTYSBURG FOUNDATION
    1195 BALTIMORE PIKE
    GETTYSBURG,PA17325     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    GREATER GREENVILLE COMM FOUNDATION
    625 LYNNDALE COURT
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    GREENVILLE LEARNING CENTER
    1101 S ELM ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 600
    GREENVILLE PITT SENIOR GAMES
    4561 COUNTY HOME RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    GREENVILLE ROTARY
    809 JOHNSTN ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 655
    HABITAT FOR HUMANITY
    210 E 14TH ST D
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    HELP HOSPITALIZED VETERANS
    PO BOX 98088
    WASHINGTON,DC20090     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 8
    HILLSDALE COLLEGE
    33 EAST COLLEGE ST
    HILLSDALE,MI49242     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    IMMANUEL BAPTIST CHURCH
    1101 S ELM ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 11,100
    IN HIS WAKE MINISTRIES
    PO BOX 120987
    CLERMONT,FL34712     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    JAYNE SIMPKINS FUND
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 500
    KELLY JORDAN
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 100
    KIWANIS CLUB
    3010 S EVANS ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 610
    KRISTEN SANDERSON
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 50
    LOVE A SEA TURTLE
    105 BISHOP DR
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5,000
    MAKE A WISH FOUNDATION
    2880 SLATER RD STE 105
    MORRISVILLE,NC27560     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    MEMORIAL SLOAN KETTERING CANCER CEN
    1275 YORK AVENUE
    NEW YORK,NY10022     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    MURFREESBORO HISTORICAL ASSOCIATION
    PO BOX 3
    MURFREESBORO,NC27855     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    NATIONAL ASSOC OF BLIND VETERANS
    PO BOX 784957
    WINTER GARDEN,FL34778     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    NATIONAL AWARD REGISTRY
    61 FORSYTH ST SW
    ATLANTA,GA30303     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    NATIONAL DIABETES ASSOCIATION
    1701 N BEAUREGARD ST
    ALEXANDRIA,VA22311     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    NATIONAL MUSEUM OF THE PACIFIC WAR
    340 E MAIN ST
    FREDERICKSBURG,TX78624     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    NATIONAL MUSEUM OF THE US ARMY
    2425 WILSON BLVD
    ARLINGTON,VA22201     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    NATIONAL TRUST
    2600 VIRGINIA AVE NW
    WASHINGTON,DC20037     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    NATIONAL VETERANS SERVICE FUND
    PO BOX 2465
    DARIEN,CT06820     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    NATIONAL WORLD WAR II MUSEUM
    945 MAGAZINE ST
    NEW ORLEANS,LA70130     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 183
    NC FOP
    1500 WALNUT ST
    CARY,NC27511     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 12
    NC QUICK PASS
    200 SORRELL GROVE CHURCH
    MORRISVILLE,NC27560     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1
    NC SHERIFF ASSOCIATION
    323 WEST JONES ST
    RALEIGH,NC27619     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    NORTH AMERICAN FISHING CLUB
    12301 WHITEWATER DR
    MINNETONKA,MN55343     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 24
    NRA
    11250 WAPLES MILL RD
    FAIRFAX,VA22030     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    PARALYZED VETERANS OF AMERICA
    801 EIGHTEENTH ST NW
    WASHINGTON,DC20006     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    PARKERS CHAPEL FWB CHURCH
    2241 OLD PACTOLUS RD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 300
    PARKINSON'S DISEASE FOUNDATION
    1359 BROADWAY STE 1509
    NEW YORK,NY10018     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    PATHWAY OF LIFE
    1202 E FIRETOWER RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    PAWS FOR PURPLE HEARTS
    5860 LABATH AVE STE A
    ROHNERT PARK,CA94928     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    PHILIPPI CHURCH OF CHRIST
    3760 PHILIPPI CIR
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 100
    PITT COMMUNITY COLLEGE
    PO DRAWER 7007
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 770
    PITT COUNTY ARTS COUNCIL
    404 S EVANS ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 140
    PITT COUNTY COUNCIL ON AGING
    4551 COUNTY HOME RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 6
    PITT COUNTY GIRLS SOFTBALL
    PO BOX 639
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    PITT GREENVILLE CRIME STOPPERS
    PO BOX 528
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    POPULAR SCIENCE
    PO BOX 6364
    HARLAN,IA515931864     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 12
    REEDY BRANCH FWB CHURCH
    4457 REEDY BRANCH RD
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    ROSE HILL CHURCH
    6236 COUNTY HOME RD
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    ROTARY CLUB OF BATAVIA NY
    PO BOX 347
    BATAVIA,NY14021     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    ROTARY CLUB OF GREENVILLE
    809 JOHNSTON ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 295
    SALVATION ARMY
    2337 DICKINSON AVE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,867
    SARAH WILSON
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 50
    SCALES ALDRIDGE & GARNER FUND
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    SECURE AMERICA
    3412 CHESTERFIELD AVE
    CHARLESTON,WV25304     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    SOLDIER'S WISH
    316 MOUNTAIN AVE SW
    ROANOKE,VA24016     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    SPECIAL OLYMPICS
    1058 SOUTH ELM ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    SPORTSWORKS MINISTRY
    PO BOX 8031
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,000
    THE ARTHRITIS TRUST
    7111 SWEETGUM RD
    FAIRVIEW,TN37062     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    THE LITTLE RED SCHOOL
    PO BOX 765
    FARMVILLE,NC27828     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 300
    TUSCARORA COUNCIL BOY SCOUTS
    316 E WALNUT ST
    GOLDSBORO,NC27530     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    UNITED AMERICAN PATRIOTS
    110-A SHIELDS PARK DR
    KERNSVILLE,NC27284     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    US OLYMPICS
    PO BOX 7207
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 60
    USGA
    PO BOX 708
    FAR HILLS,NJ07931     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    USO
    9 TALLMAN ST
    JACKSONVILLE,NC28540     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 45
    VERNON LEGGETT FUND
    5414 NC HWY 33 E
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 200
    VETERANS TRAUMA SUPPORT NETWORK
    PO BOX 691782
    ORLANDO,FL32869     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 10
    VFW
    1108 MUMFORD RD
    GREENVILLE,NC27834     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 25
    VIDANT MEDICAL FOUNDATION
    2100 STANTONSBURG RD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15,000
    VIETNAM VETERANS FUND
    2600 VIRGINIA AVE NW
    WASHINGTON,DC20037     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    VIRGINIA TAYOR LOVE FOR LIFE FUND
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    WINTERVILLE HISTORICAL SOCIETY
    PO BOX 1815
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    WINTERVILLE RURITAN CLUB
    PO BOX 14
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    WORLD WAR II VETERANS
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 322
    WOUNDED WARRIOR PROJECT
    PO BOX 758517
    TOPEKA,KS66675     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    YOUNG AMERICA FOUNDATION
    11480 COMMERCE PARK DR
    RESTON,VA20191     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    YOUNG LIFE
    PO BOX 2920
    COLORADO SPRINGS,CO80901     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 700
    Total .................................bullet 3a 962,166
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    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
    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 58,938  
    4 Dividends and interest from securities....     14 20,376  
    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 97,046  
    8
    Gain or (loss) from sales of assets other than inventory .............     		         
    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)..   176,360  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13176,360
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BB&T 558,665 777,800
    BANK OF AMERICA 46,099 71,560
    WHITING PETROLEUM CORP 17,588 11,682
    DR HORTON INC 4,531 5,058
    INVENSENSE INC 9,837 8,130
    CHEVRON 47,232 44,872

    TY 2014 InvestmentsOtherSchedule2
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALBEMARLE PLANTATION HOLDINGS II LLC AT COST 145,826 145,826
    PERQUIMANS DEVELOPMENT LLC AT COST 191,573 192,573

    TY 2014 OtherExpensesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    PERQUIMANS DEVELOPMENT EXPENS 1,574 1,574    
    ALBEMARLE PLANTATION HOLDINGS 491 491    
    MISCELLANEOUS 134 134    


    TY 2014 OtherIncomeSchedule2
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ALBEMARLE PLANTATION HOLDINGS 97,046 97,046  


    TY 2014 OtherLiabilitiesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT LOAN 454,557  


    TY 2014 SubstantialContributorsSch
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Name Address
    WALTER L MARIE S WILLIAMS 207 CROWN POINT ROAD
    GREENVILLE,NC27858


    TY 2014 TaxesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2013 IRS TAX 2,010 2,010