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
DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1867 KILBIRNIE DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GERMANTOWN, TN38139
A Employer identification number

30-0056706
B Telephone number (see instructions)

(501) 868-7486
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$9,311,057J 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).............. 1,254,325
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 77,904 77,904  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 283,771
b Gross sales price for all assets on line 6a 1,521,174
7 Capital gain net income (from Part IV, line 2)... 283,771
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 88,477 88,477 0
12 Total. Add lines 1 through 11........ 1,704,477 450,152 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 229,289 114,645 0 0
b Accounting fees (attach schedule)....... Click to see attachment 5,750 2,875 0 2,875
c Other professional fees (attach schedule).... Click to see attachment 50,752 50,752 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,195 361 0 0
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 330 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 287,316 168,633 0 2,875
25 Contributions, gifts, grants paid........ 313,766 313,766
26 Total expenses and disbursements. Add lines 24 and 25 601,082 168,633 0 316,641
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,103,395
b Net investment income (if negative, enter -0-) 281,519
c Adjusted net income (if negative, enter -0-)... 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............... 1,203,378 -535 -535
2 Savings and temporary cash investments.......... 58,645 1,320,571 1,320,571
3 Accounts receivable bullet25,392
Less: allowance for doubtful accounts bullet     25,392 25,392
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)........ 1,511,443 Click to see attachment2,442,956 3,268,215
c Investments—corporate bonds (attach schedule)........ 50,000 Click to see attachment50,000 51,634
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 353,234 Click to see attachment441,711 4,645,780
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,176,700 4,280,095 9,311,057
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 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......... 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 3,176,700 4,280,095
30 Total net assets or fund balances (see instructions)...... 3,176,700 4,280,095
31 Total liabilities and net assets/fund balances (see instructions).. 3,176,700 4,280,095
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,176,700
2 Enter amount from Part I, line 27a..................... 2 1,103,395
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,280,095
5 Decreases not included in line 2 (itemize) bullet 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 4,280,095
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.)
1 a AMAZON   2014-03-07 2014-07-23
b CELGENE CORPORATION   2014-07-23 2014-12-16
c FIREEYE   2014-03-07 2014-07-23
d KANSAS CITY   2014-03-07 2014-12-15
e MOHAWK INDUSTRIES   2014-03-07 2014-12-15
PALO ALTO NETWORKS   2014-03-07 2014-07-23
SALESFORCE COM   2014-04-09 2014-12-15
COVIDIEN   2014-03-07 2014-07-23
ALTRIA GROUP     2014-12-16
AMGEN   2013-08-23 2014-12-15
CATEPILLAR   2010-05-19 2014-12-16
CONOCOPHILLIPS     2014-12-16
DR PEPPER   2013-02-13 2014-12-15
DUNKIN BRANDS   2013-02-13 2014-12-18
EXXON MOBILE   2009-08-05 2014-12-16
HALYARD HEALTH   2009-08-05 2014-12-15
KIMBERLY CLARK   2009-08-05 2014-12-16
NESTLE     2014-12-15
NUVEEN     2014-07-23
PFIZER   2009-08-07 2014-12-16
PHILIP MORRIS   2013-08-23 2014-12-15
ROCK-TENN   2013-08-23 2014-12-15
SPDR   2013-02-07 2014-12-15
SABMILLER PLC   2009-08-07 2014-12-16
SYSCO     2014-12-16
TESLA MTRS   2013-07-12 2014-12-16
UNILEVER     2014-12-15
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 62,857   62,934 -77
b 82,588   66,750 15,838
c 24,712   57,207 -32,495
d 55,104   49,298 5,806
e 61,136   57,924 3,212
81,448   71,497 9,951
47,022   48,180 -1,158
62,279   49,992 12,287
49,262   20,959 28,303
72,018   47,575 24,443
31,447   21,800 9,647
61,006   38,188 22,818
34,990   21,243 13,747
36,158   31,685 4,473
26,234   421 25,813
5,134   69 5,065
41,194   551 40,643
49,979   47,243 2,736
193,330   200,000 -6,670
31,162   16,111 15,051
49,805   51,249 -1,444
51,844   51,341 503
74,820   80,870 -6,050
49,599   22,916 26,683
59,270   40,847 18,423
59,825   38,660 21,165
59,522   41,893 17,629
7,429     7,429
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       -77
b       15,838
c       -32,495
d       5,806
e       3,212
      9,951
      -1,158
      12,287
      28,303
      24,443
      9,647
      22,818
      13,747
      4,473
      25,813
      5,065
      40,643
      2,736
      -6,670
      15,051
      -1,444
      503
      -6,050
      26,683
      18,423
      21,165
      17,629
      7,429
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 2 283,771
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 367,299 7,457,379 0.049253
2012 164,689 5,971,303 0.027580
2011 126,500 4,871,179 0.025969
2010 191,902 3,700,820 0.051854
2009 32,000 2,189,841 0.014613
2 Total of line 1, column (d) ...................... 2 0.169269
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 0.033854
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 8,283,534
5 Multiply line 4 by line 3....................... 5 280,431
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,815
7 Add lines 5 and 6......................... 7 283,246
8 Enter qualifying distributions from Part XII, line 4.............. 8 316,641
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 2,815
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,815
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 2,815
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 2,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,500
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 45
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 360
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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAR
    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. ...............................
    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 ofbulletSUSAN D DAVIS CPA Telephone no.bullet (901) 753-6586
    Located atbullet1867 KILBIRNIE DRIVEGERMANTOWNTN ZIP+4bullet38139
    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
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 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
     
     
    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
    DEBORAH DUNKLIN TIPTON TRUSTEE
    1.00     		0 0 0
    382 RIPPLEBROOK
    MEMPHIS,TN38119
    HARRY C ERWIN III TRUSTEE
    1.00     		0 0 0
    6311 RANCH DRIVE
    LITTLE ROCK,AR72223
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,705,979
    b
    Average of monthly cash balances.......................
    1b
    703,700
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,409,679
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,409,679
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    126,145
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,283,534
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    414,177
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    414,177
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    2,815
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,815
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    411,362
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    411,362
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    411,362
    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
    316,641
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    316,641
    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
    2,815
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    313,826
    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 7 411,362
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 298,073
    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: bullet$ 316,641
    a Applied to 2013, but not more than line 2a 298,073
    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..... 18,568
    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 ..........     		392,794
    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)
    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).)
    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 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)
    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
    ARKANSAS ARTS CENTER
    501 E 9TH ST
    LITTLE ROCK,AR72202     		  PC GENERAL OPERATING SUPPORT 500
    ARKANSAS GOVERNOR'S MANSION ASSN
    1800 CENTER ST
    LITTLE ROCK,AR72206     		  PC GENERAL OPERATING SUPPORT 2,025
    ARTS MEMPHIS
    575 S MENDENHALL ROAD
    MEMPHIS,TN38117     		  PC GENERAL OPERATING FUND 13,223
    DELTA WATERFOWL
    PO BOX 3128
    BISMARCK,ND58502     		  PC GENERAL OPERATING SUPPORT 600
    DIXON GALLERY AND GARDENS
    4339 PARK AVE
    MEMPHIS,TN38117     		  PC GENERAL OPERATING SUPPORT 1,150
    FIRST BOOKS LITERACY
    1319 F ST NW
    WASHINGTON,DC20004     		  PC GENERAL OPERATING FUND. 5,000
    GIRL SCOUTS
    717 S WHITE STATION ROAD
    MEMPHIS,TN38117     		  PC GENERAL OPERATING FUND. 100
    HUTCHISON SCHOOL
    1740 RIDGEWAY ROAD
    MEMPHIS,TN38119     		  PC GENERAL OPERATING FUND. 2,000
    JUNIOR LEAGUE OF MEMPHIS
    3475 CENTRAL AVE
    MEMPHIS,TN38111     		  PC GENERAL OPERATING SUPPORT 1,000
    LEBONHEUR CLUB
    1047 CRESTHAVEN RD
    MEMPHIS,TN38119     		  PC GENERAL OPERATING SUPPORT 2,600
    LITTLE GARDEN CLUB OF MEMPHIS
    4339 PARK AVE
    MEMPHIS,TN38117     		  PC GENERAL OPERATING SUPPORT 1,848
    MADEIRA
    8328 GEORGETOWN PIKE
    MCLEAN,VA22102     		  PC GENERAL OPERATING SUPPORT 1,000
    MEMPHIS BONTANIC GARDEN
    750 CHERRY ROAD
    MEMPHIS,TN38117     		  PC GENERAL OPERATING FUND. 300
    MEMPHIS SYMPHONY
    585 S MENDENHALL RD
    MEMPHIS,TN38117     		  PC GENERAL OPERATING FUND 100
    MEMPHIS UNIVERSITY SCHOOL
    6191 PARK AVE
    MEMPHIS,TN38119     		  PC GENERAL OPERATING SUPPORT 162,500
    NATIONAL MUSEUM OF WOMEN IN ARTS
    1250 NEW YORK AVE NW
    WASHINGTON,DC20005     		  PC GENERAL OPERATING SUPPORT 4,000
    ORCHARD FELLOWSHIP CHURCH
    140 SOUTH MAIN
    COLLIERVILLE,TN38017     		  PC GENERAL OPERATING SUPPORT 1,000
    PROJECT HEAL
    17 BARBERA RD
    COMMACK,NY11725     		  PC GENERAL OPERATING SUPPORT 7,500
    SPECIAL OLYMPICS
    1355 LYNNFIELD RD
    MEMPHIS,TN38119     		  PC GENERAL OPERATING FUND. 2,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PL
    MEMPHIS,TN38105     		  PC GENERAL OPERATING SUPPORT 1,450
    TENNESSEE SHAKESPEARE COMPANY
    2260 WEST ST
    GERMANTOWN,TN38138     		  PC GENERAL OPERATING FUND 10,000
    THE GEORGE WASHINGTON FOUNDATION
    1201 WASHINGTON AVE
    FREDERICKSBURG,VA22401     		  PC GENERAL OPERATING SUPPORT 3,000
    THE MED FOUNDATION
    877 JEFFERSON AVE
    MEMPHIS,TN38103     		  PC GENERAL OPERATING SUPPORT 5,000
    THEATRE MEMPHIS
    630 PERKINS EXTD
    MEMPHIS,TN38117     		  PC GENERAL OPERATING SUPPORT 7,000
    TN WILDLIFE FEDERATION
    300 ORLANDO AVE
    NASHVILLE,TN37209     		  PC GENERAL OPERATING SUPPORT 20,000
    UNIVERSITY OF ARKANSAS
    1295 RAZORBACK RD STE A
    FAYETTEVILLE,AR72701     		  PC GENERAL OPERATING SUPPORT 1,000
    UNIVERSITY OF MEMPHIS
    3720 ALUMNI AVE
    MEMPHIS,TN38152     		  PC GENERAL OPERATING SUPPORT 200
    BINGHAMPTON CHRISTIAN ACADEMY
    175 TILLMAN STREET
    MEMPHIS,TN38111     		  PC GENERAL OPERATING FUND 1,500
    CALVARY CATHEDRAL
    1701 OAKHURST SCENIC DR
    FORT WORTH,TX76111     		  PC GENERAL OPERATING FUND 1,000
    CHURCH HEALTH CENTER
    1196 PEABODY AVE
    MEMPHIS,TN38104     		  PC GENERAL OPERATING FUND 1,000
    DIABETES OF MEMPHIS
    5583 MURRAY AVENUE
    MEMPHIS,TN38119     		  PC GENERAL OPERATING FUND 1,000
    FIRST BAPTIST CHURCH PINE BLUFF
    6501 S HAZEL ST
    PINE BLUFF,AR71603     		  PC GENERAL OPERATING FUND 1,000
    FOCUS ON FAMILY
    8655 EXPLORER DR
    COLORADO SPRINGS,CO80920     		  PC GENERAL OPERATING FUND 1,500
    GPAC
    1801 EXETER RD
    GERMANTOWN,TN38138     		  PC GENERAL OPERATING FUND 270
    HAZINGPREVENTIONORG
    PO BOX 1189
    LAGRANGE,GA30241     		  PC GENERAL OPERATING FUND 25,000
    HIGHLAND PARK PRESBYTERIAN CHURCH
    3821 UNIVERSITY BLVD
    DALLAS,TX75205     		  PC GENERAL OPERATING FUND 100
    KEY LIFE NETWORK
    PO BOX 94500
    MAITLAND,FL32794     		  PC GENERAL OPERATING FUND 1,000
    MEMPHIS SPECIAL OLYMPICS
    1355 LYNNFIELD RD
    MEMPHIS,TN38119     		  PC GENERAL OPERATING FUND 1,000
    METHODIST HEALTCARE FOUNDATION
    1211 UNION AVENUE
    MEMPHIS,TN38104     		  PC GENERAL OPERATING FUND 1,000
    MONASTERY OF ST CLARE
    1310 DELLWOOD AVENUE
    MEMPHIS,TN38127     		  PC GENERAL OPERATING FUND 2,000
    NEIGHBORHOOD CHRISTIAN CENTER
    223 SCOTT STREET
    MEMPHIS,TN38112     		  PC GENERAL OPERATING FUND 500
    PALMER HOME FOR CHILDREN
    PO BOX 746
    COLUMBUS,MS39703     		  PC GENERAL OPERATING FUND 300
    TREADWELL ELEMENTARY
    3538 GIVEN AVENUE
    MEMPHIS,TN38122     		  PC GENERAL OPERATING FUND 1,000
    UNIVERSITY OF MAINE
    10 COMMUNITY DR
    ORONO,ME04469     		  PC GENERAL OPERATING FUND 17,500
    WKNO
    900 GETWELL RD
    MEMPHIS,TN38111     		  PC GENERAL OPERATING FUND 1,000
    Total .................................bullet 3a 313,766
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		         
    4 Dividends and interest from securities....     14 77,904  
    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 88,477  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 283,771  
    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).. 0 450,152 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13450,152
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet 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
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
     
    Employer identification number

    30-0056706
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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
    Special Rules
    ......... 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
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
          		Employer identification number

    30-0056706
    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
     
     

    DDT DESCENDANTS CHARITABLE LEAD ANN  
    6311 RANCH DR
     
    LITTLE ROCK, AR72223

    		$1,254,325


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (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
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
          		Employer identification number

    30-0056706
    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
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
          		Employer identification number

    30-0056706
    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 (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  

    TY 2014 AccountingFeesSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,750 2,875 0 2,875

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK OF AMERICA 50,000 51,634

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALTRIA 41,169 98,540
    AT&T 25,934 33,590
    DELTIC TIMBER 4,593 17,100
    EXXON MOBIL 701 46,225
    KIMBERLY CLARK 1,049 80,878
    KRAFT 20,776 41,732
    PFIZER INC. 31,246 62,300
    PHILLIPS 66 11,907 35,850
    SIMMONS FIRST 2,922 53,658
    WAL-MART 15,874 274,816
    MONDELEZ 39,359 72,650
    DISNEY 46,301 70,643
    DR PEPPER 21,243 35,840
    FPA 200,000 227,812
    MCDONALDS 43,146 42,165
    TEMPLETON 150,000 139,022
    TJX 49,643 75,438
    VERIZON 31,962 35,085
    AUTOZONE 54,269 61,911
    BIOGEN 71,916 76,376
    CANADIAN 81,470 86,711
    CELGENE 81,071 83,895
    COMCAST 49,649 58,010
    DISCOVER 62,502 65,490
    ECOLAB 56,340 57,486
    FACEBOOK 174,812 175,545
    GILEAD 89,929 94,260
    HCA HOLDINGS 73,659 73,390
    HUBBELL 30,675 32,049
    JP MORGAN 59,020 62,580
    LEAR CORPORATION 50,001 53,944
    LYONDELLBASELL 56,534 59,543
    MASTERCARD 50,771 56,004
    MCKESSON 52,362 57,085
    MONSANTO 58,835 59,735
    NXP 72,848 76,400
    O REILLY 96,224 96,310
    PRAZIAR 50,150 51,824
    PRICELINE 48,405 51,309
    QUINTILES 51,363 52,983
    SCHLUMBERGER 24,012 25,623
    SWIFT 35,698 42,945
    UNITED CONTL 43,568 46,823
    UNITED HEALTH 77,319 101,090
    VISA 51,729 65,550

    TY 2014 InvestmentsOtherSchedule2
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    4,644 UNITS M.E. BLACK DUNKLIN FARMS PARTNERSHIP AT COST 441,711 4,645,780

    TY 2014 LegalFeesSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 229,289 114,645 0 0


    TY 2014 OtherExpensesSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 330 0 0 0


    TY 2014 OtherIncomeSchedule2
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    M.E. BLACK DUNKLIN FARMS PARTNERSHIP 88,477 88,477  


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 50,752 50,752 0 0


    TY 2014 TaxesSchedule
    Name:
    DEBORAH DUNKLIN TIPTON CHARITABLE FOUNDATION
    EIN: 30-0056706
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAX 834 0 0 0
    FOREIGN 361 361 0 0