TY 2014 Form 990

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............		1
2	Savings and temporary cash investments .........	2,005,892	2	803,152
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............	1,116,667	4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........	58,828	9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	24,302
b	Less: accumulated depreciation .....	10b	18,096	8,993	10c	6,206
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....	81,529,529	12	94,599,049
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........		15
16	Total assets. Add lines 1 through 15 (must equal line 34)......	84,719,909	16	95,408,407
	17	Accounts payable and accrued expenses .........		17
18	Grants payable .................	468,000	18	1,200,000
19	Deferred revenue ................		19
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	468,000	26	1,200,000
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	84,251,909	27	94,208,407
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	84,251,909	33	94,208,407
34	Total liabilities and net assets/fund balances ........	84,719,909	34	95,408,407

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

THE DAVID BELK CANNON FOUNDATION

Employer identification number

27-0004751

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ............................. 1

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) THE COMMUNITY FOUNDATION OF GASTON COUNTY INC	581340834	7	Yes		3,994,578	0

Total 1					3,994,578

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

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support Add lines 7 through 10.

Gross receipts from related activities, etc. (see instructions) ..................

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Yes

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Yes

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Yes

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

Yes

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Yes

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1	0	0
2	Recoveries of prior-year distributions	2	0	0
3	Other gross income (see instructions)	3	0	0
4	Add lines 1 through 3	4	0	0
5	Depreciation and depletion	5	0	0
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6	0	0
7	Other expenses (see instructions)	7	0	0
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8	0	0

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a	80,834,721	95,820,790
b	Average monthly cash balances	1b	2,816,054	2,930,232
c	Fair market value of other non-exempt-use assets	1c	1,168,624	51,103
d	Total (add lines 1a, 1b, and 1c)	1d	84,819,399	98,802,125
e	Discount claimed for blockage or other factors (explain in detail in Part VI): 8,561,800
2	Acquisition indebtedness applicable to non-exempt use assets	2	0	0
3	Subtract line 2 from line 1d	3	84,819,399	98,802,125
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4	1,272,291	1,482,032
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5	83,547,108	97,320,093
6	Multiply line 5 by .035	6	2,924,149	3,406,203
7	Recoveries of prior-year distributions	7	0	0
8	Minimum Asset Amount (add line 7 to line 6)	8	2,924,149	3,406,203

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1	0
2	Enter 85% of line 1	2	0
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3	2,924,149
4	Enter greater of line 2 or line 3	4	2,924,149
5	Income tax imposed in prior year	5	0
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6	2,924,149
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes		3,994,578
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity		253,493
3 Administrative expenses paid to accomplish exempt purposes of supported organizations		0
4 Amounts paid to acquire exempt-use assets		0
5 Qualified set-aside amounts (prior IRS approval required)		0
6 Other distributions (describe in Part VI). See instructions		0
7Total annual distributions. Add lines 1 through 6.		4,248,071
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions		3,994,578
9 Distributable amount for 2014 from Section C, line 6		2,924,149
10 Line 8 amount divided by Line 9 amount		100.0 %

Section E - Distribution Allocations (see instructions)	(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6			2,924,149
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)		0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......0
fTotal of lines 3a through e	0
g Applied to underdistributions of prior years		0
h Applied to 2014 distributable amount			0
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.	0
4Distributions for 2014 from Section D, line 7:
$ 4,248,071
a Applied to underdistributions of prior years		0
b Applied to 2014 distributable amount			2,924,149
c Remainder. Subtract lines 4a and 4b from 4.	1,323,922
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)		0
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)			0
7 Excess distributions carryover to 2015. Add lines 3j and 4c.	1,323,922
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......0
e From 2014.......1,323,922

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
PART V, SECTION B, LINE 1E:	THE ORGANIZATION HOLDS STOCK IN A COMPANY THAT IS INDEPENDENTLY VALUED EACH YEAR BY A QUALIFIED APPRAISER. THE ORGANIZATION HOLDS A SUFFICIENT NUMBER OF SHARES OF THE COMPANY'S STOCK THAT THE SAME APPRAISER HAS ALSO NOW ISSUED A SEPARATE APPRAISAL REPORT FOR THE ORGANIZATION, OPINING THAT A 14% BLOCKAGE DISCOUNT SHOULD APPLY TO ITS HOLDINGS IN THE COMPANY. THE ORGANIZATION RECOGNIZES THAT SECTION 4942(E) APPROVES THIS TYPE OF VALUE REDUCTION IN GENERAL BUT ALSO LIMITS THE SAME TO 10% FOR CERTAIN PURPOSES, AND THE ORGANIZATION HAS THEREFORE LIMITED THE BLOCKAGE DISCOUNT REFLECTED IN ITS 990 TO 10%.
PART IV, SECTION D, LINE 3:	THE CFGC DIRECTOR ON THE ORGANIZATION'S GOVERNING BOARD IS APPOINTED DIRECTLY BY THE SUPPORTED ORGANIZATION AND, BY REQUIREMENT OF THE BYLAWS, IS A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE IS AUTHORIZED AND DIRECTED TO HANDLE MANAGEMENT OF THE ORGANIZATION'S BUSINESS AND AFFAIRS BETWEEN FORMAL BOARD MEETINGS, MEANING THAT THE CFGC DIRECTOR IS INTIMATELY INVOLVED IN THE DAILY ADMINISTRATION OF THE ORGANIZATION AND, AS A RESULT, HAS A SIGNIFICANT VOICE IN ITS INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME OR ASSETS. SIMILARLY, THE SUPPORTED ORGANIZATION, THE COMMUNITY FOUNDATION OF GASTON COUNTY ("CFGC"), ACTIVELY OVERSEES THE MANAGEMENT OF THE ORGANIZATION'S INVESTMENTS OTHER THAN A LARGE SINGLE HOLDING IN A PUBLIC COMPANY, WHICH REQUIRES NO SEPARATE INVESTMENT MANAGEMENT. AS A RESULT, CFGC IS ALSO ACTIVELY INVOLVED IN DISCUSSIONS AND DISTRIBUTIONS OF THE ORGANIZATION'S ASSETS THAT BENEFIT THE COMMUNITY THAT IS SERVED BY CFGC, CONSISTENT WITH THE ORGANIZATION'S ARTICLES AND BYLAWS. AS A RESULT, CFGC HAS A SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENTS AND USE OF ITS INCOME AND ASSETS.
SCHEDULE A, PART V, NUMBER 8:	THE COMMUNITY FOUNDATION OF GASTON COUNTY ("CFGC") IS THE SUPPORTED ORGANIZATION AND IS ATTENTIVE TO THE OPERATIONS OF THE ORGANIZATION DUE TO THE FACT THAT THE SUPPORTING ORGANIZATION PROVIDES WELL IN EXCESS OF 10% OF CFGC'S ANNUAL SUPPORT THROUGH DISTRIBUTIONS TO OR FOR THE USE OF CFGC. IN ADDITION, THE ORGANIZATION AND CFGC HAVE A LONG RELATIONSHIP, NOT ONLY AS SUPPORTING/SUPPORTED ORGANIZATIONS WITH A LEGAL RELATIONSHIP, BUT ALSO AS TWO OF THE LARGEST (IF NOT THE ACTUAL TWO LARGEST) CHARITABLE ORGANIZATIONS LOCATED IN GASTON COUNTY, NC, THAT, BY DEFAULT, WORK HAND IN HAND TO SUPPORT THE COMMUNITY, WHICH IS THE PRIMARY PURPOSE OF BOTH ORGANIZATIONS. AS NOTED ELSEWHERE IN THIS FORM 990, CFGC DIRECTLY APPOINTS ONE OF THE ORGANIZATION'S DIRECTORS WHO MUST ALSO SERVE ON THE EXECUTIVE COMMITTEE, AND CFGC ALSO DIRECTLY OVERSEES THE MANAGEMENT AND DISTRIBUTION OF THE ORGANIZATION'S ANNUAL DISTRIBUTIONS, ENSURING THAT CFGC IS ATTENTIVE TO THE OPERATIONS AND INVESTMENTS OF THE ORGANIZATION. THE ORGANIZATION IS RESPONSIVE TO CFGC IN LIGHT OF CFGC'S APPOINTMENT OF ONE OF THE ORGANIZATION'S DIRECTORS (WHICH IS REQUIRED TO BE ON THE EXECUTIVE COMMITTEE OVERSEEING DAILY OPERATIONS OF THE ORGANIZATION), STRENGTHENED BY THE FACT THAT SUCH DIRECTOR MUST ALSO BE A DIRECTOR OF CFGC ITSELF. FURTHERMORE, CFGC HAS A SIGNIFICANT VOICE IN THE INVESTMENTS AND USE OF THE ORGANIZATION'S INCOME AND ASSETS AS DESCRIBED FURTHER ABOVE IN IN SCHEDULE A, PART IV, SECTION D, LINE 3.

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

THE DAVID BELK CANNON FOUNDATION

Employer identification number

27-0004751

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2014

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............
d	Equipment ................	24,302	18,096	6,206
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				6,206

Schedule D (Form 990) 2014

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests	88,704,000	F
(3)Other (A) PARTNERSHIPS	53,065	F
(B) ASSETS IN INVESTMENT POOL	5,841,984	F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	94,599,049

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2014

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	15,498,769
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	13,904,000
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	140,612
e	Add lines 2a through 2d .....................			2e	14,044,612
3	Subtract line 2e from line 1.....................			3	1,454,157
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	1,454,157

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1	4,248,071
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................		2e	0
3	Subtract line 2e from line 1.....................		3	4,248,071
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................		4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5	4,248,071

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2:	THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL OF ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2014 OR 2013. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGE IN BENEFICIAL INTEREST IN INVESTMENT POOL 140,612.

Return Reference

Explanation

PART X, LINE 2:

THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL OF ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2014 OR 2013. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

CHANGE IN BENEFICIAL INTEREST IN INVESTMENT POOL 140,612.

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
THE DAVID BELK CANNON FOUNDATION

Employer identification number
27-0004751

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) BETTY FORD CENTER PO BOX 1560 RANCHO MIRAGE,CA92270	95-3863994	501(C)(3)	25,000	SCHOLARSHIPS
(2) BOYS AND GIRLS CLUBS OF GREATER GASTON PO BOX 23 GASTONIA,NC28053	56-1419498	501(C)(3)	5,000	OPERATING FUND
(3) CHRIST SCHOOL 500 CHRIST SCHOOL RD ARDEN,NC28704		501(C)(3)	8,000	HABITAT HOME
(4) CITY OF GASTONIA PO BOX 1748 GASTONIA,NC28053		GOVERNMENT	300,000	GREENWAY PARKING LOT
(5) COMMUNITIES IN SCHOOLS OF CAPE FEAR 20 N 4TH ST 210 WILMINGTON,NC28401	20-3385755	501(C)(3)	15,000	AT RISK CHILDREN
(6) COMMUNITY FOUNDATION OF GASTON COUNTY 1201 E GARRISON BLVD GASTONIA,NC28054	58-1340834	501(C)(3)	35,000	VOICES FOR KIDS/RUN FOR THE MONEY/SCHOLARSHIPS/OPERATING FUND
(7) CRISIS ASSISTANCE MINISTRY 805 WEST AIRLINE AVENUE GASTONIA,NC280523815	56-1281718	501(C)(3)	20,000	OPERATING FUND
(8) DALLAS HISTORIC COURTHOUSE FOUNDATION 310 W MAIN STREET DALLAS,NC28034	45-5094816	501(C)(3)	25,000	RENOVATION OF HISTORIC COURTHOUSE
(9) DANIEL STOWE BOTANICAL GARDEN 6500 SOUTH NEW HOPE ROAD BELMONT,NC28012	20-8362933	501(C)(3)	150,000	KIMBRELL'S CHILDREN GARDEN
(10) DAVIDSON COLLEGE BOX 7156 DAVIDSON,NC280357156	56-0529961	501(C)(3)	25,000	TRAVEL FUND FOR OUTSTANDING PROFESSOR
(11) FIRST PRESBYTERIAN CHURCH OF GASTONIA NC 1621 E GARRISON BLVD GASTONIA,NC28054		501(C)(3)	165,000	ORGAN RESTORATION
(12) FIRST THINGS FIRST IN GASTON COUNTY INC 2782 FAIRVIEW DRIVE GASTONIA,NC28052	42-1695206	501(C)(3)	17,000	DREAM CENTER
(13) GASTON COUNTY FAMILY YMCA 615 W FRANKLIN BLVD GASTONIA,NC28052	56-0655420	501(C)(3)	1,800,000	CAPITAL CAMPAIGN
(14) GASTON DAY SCHOOL 2001 GASTON DAY SCHOOL RD GASTONIA,NC28056	56-6076613	501(C)(3)	20,000	CAPITAL IMPROVEMENTS AND SCHOLARSHIPS
(15) GASTON LITERACY COUNCIL INC 116 SOUTH MARIETTA STREET GASTONIA,NC28052	58-1665789	501(C)(3)	10,000	MEET THE AUTHOR - WILLY CASH
(16) GASTON TOGETHER P O BOX 817 GASTONIA,NC28053	56-2048064	501(C)(3)	6,000	PROJECT GASTON MAGAZINE
(17) GOODWILL INDUSTRIES 2122 FREEDOM DR CHARLOTTE,NC28208	56-0844639	501(C)(3)	25,000	CAPITAL CAMPAIGN
(18) HABITAT FOR HUMANITY OF GASTON COU PO BOX 1584 GASTONIA,NC28053	56-1634454	501(C)(3)	25,000	CONSTRUCTION OF HOME
(19) HEART SOCIETY OF GASTON COUNTY IN 1201 E GARRISON BLVD GASTONIA,NC28054	56-1330921	501(C)(3)	5,000	OPERATING FUND
(20) NCBA FOUNDATION PO BOX 19999 RALEIGH,NC276199909	56-0767805	501(C)(3)	20,000	CAMP CHALLENGE
(21) PHILANTHROPY ROUNDTABLE 1730 M STREET NWSTE 601 WASHINGTON,DC20036	13-2943020	501(C)(3)	10,000	ALLIANCE FOR CHARITABLE REFORM
(22) PREVENT CHILD ABUSE GASTON 615 W FRANKLIN BLVD GASTONIA,NC28053	56-2097587	501(C)(3)	25,000	FUND TO COMBINE FAMILY SERVICES INTO PCAG
(23) SAINT MARY'S SCHOOL 900 HILLSBOROUGH ST RALEIGH,NC27603	56-0532314	501(C)(3)	20,000	SCHOLARSHIPS
(24) SAMARITAN'S PURSE PO BOX 3000 BOONE,NC28607	58-1437002	501(C)(3)	25,000	WEST AFRICA EBOLA RESPONSE
(25) SOCKS INC P O BOX 269 MCADENVILLE,NC281010269		501(C)(3)	20,000	OPERATING FUND
(26) ST MARK'S EPISCOPAL CHURCH 258 W FRANKLIN BLVD GASTONIA,NC28052		501(C)(3)	5,000	OPERATING FUND
(27) ST MARY'S SCHOOL 900 HILLSBOROUGH ST RALEIGH,NC27603	56-0532314	501(C)(3)	75,000	OPERATING FUND
(28) ST STEPHENS AME ZION CHURCH 201 W FRANKLIN BLVD GASTONIA,NC28052		501(C)(3)	75,000	PLAYGROUND EQUIPMENT AND RENOVATIONS
(29) STRATFORD ACADEMY 6010 PEAKE ROAD MACON,GA31220	58-0831002	501(C)(3)	50,000	CAPITAL CAMPAIGN
(30) SUSAN G KOMEN BREAST CANCER FOUND 5005 LBJ FREEWAY SUITE 250 DALLAS,TX75244	75-1835298	501(C)(3)	25,000	OPERATING FUND
(31) THE SALVATION ARMY PO BOX 1094 GASTONIA,NC280531094		501(C)(3)	20,000	EMPTY STOCKING FUND
(32) THE UNITED WAY OF GASTON COUNTY 200 E FRANKLIN BLVD GASTONIA,NC28052	56-0653356	501(C)(3)	10,000	OPERATING FUND
(33) UNCF 1500 N LOMBARDY ST 211 RICHMOND,VA23220	13-1624241	501(C)(3)	10,000	SCHOLARSHIPS
(34) UNION SEMINARY - CHARLOTTE NC 5141 SHARON ROAD CHARLOTTE,NC28210		501(C)(3)	68,000	OPERATING FUND
(35) UNITED WAY OF AIKEN COUNTY P O BOX 699 AIKEN,SC29802	57-0360086	501(C)(3)	10,000	OPERATING FUND
(36) UNITED WAY OF FORSYTH COUNTY WINSTON TOWER 301 N MAIN ST 1700 WINSTONSALEM,NC27101	23-7357234	501(C)(3)	5,000	OPERATING FUND
(37) WOODBERRY FOREST SCHOOL 402 WOODBERRY STATION WOODBERRY FOREST,VA229890402	54-0519590	501(C)(3)	25,000	SCHOLARSHIPS
(38) YMCA OF GREATER CHARLOTTE 301 S COLLEGE STREET CHARLOTTE,NC28202	56-1045299	501(C)(3)	5,000	CAMP THUNDERBIRD
(39) YOUNG LIFE 420 N CASCADE AVE COLORADO SPRINGS,CO80903	84-0385934	501(C)(3)	5,000	AFRICAN MISSION TRIP

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2014

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant	(d)Amount of non-cash assistance	(e)Method of valuation (book, FMV, appraisal, other)	(f)Description of non-cash assistance

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	THE DAVID BELK CANNON FOUNDATION AND THE COMMUNITY FOUNDATION OF GASTON COUNTY USE GUIDESTAR IN DETERMINING ELIGIBLITY FOR GRANTS. THE FOUNDATION REQUIRES WRITTEN CONFIRMATION FROM GRANT RECIPIENTS OF THE RECEIPT OF FUNDS AND THE USE OF FUNDS.

Schedule I (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

THE DAVID BELK CANNON FOUNDATION

Employer identification number

27-0004751

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	B. FRANK MATTHEWS, II AND BETTY C. MATTHEWS ARE THE PARENTS OF EUGENE R. MATTHEWS, II, HARRIET M. JACKSON, AND MARY M. VAUGHN (ALL INDEPENDENT ADULTS).
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS WHICH IS THE GOVERNING BODY OF THE ORGANIZATION IS MADE UP OF THREE CLASSES OF DIRECTORS, INCLUDING (1) COMMUNITY DIRECTOR(S); (2) FAMILY DIRECTOR(S); AND (3) CFGC DIRECTOR. ANY COMMUNITY DIRECTOR IS APPOINTED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ANY FAMILY DIRECTOR IS APPOINTED BY ONE OR MORE INDIVIDUALS DESIGNATED IN THE BYLAWS. CURRENTLY, ALL THOSE INDIVIDUALS ARE SERVING ON THE ORGANIZATION'S BOARD OF DIRECTORS, BUT NONE OF THEM ARE DISQUALIFIED PERSONS WITHIN THE CONTEXT OF SUPPORTING ORGANIZATION CONTROL RESTRICTIONS. ANY CFGC DIRECTOR IS APPOINTED DIRECTLY BY THE SUPPORTED ORGANIZATION, THE COMMUNITY FOUNDATION OF GASTON COUNTY.
FORM 990, PART VI, SECTION B, LINE 11	A COPY OF FORM 990 IS DELIVERED OR MAILED TO THE FULL BOARD BEFORE THE FORM IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS WITH THE DIRECTORS. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, THE DIRECTOR WITH THE POTENTIAL CONFLICT OF INTEREST RECUSES HIM OR HERSELF FROM ALL RELATED DISCUSSION AND VOTING.
FORM 990, PART VI, SECTION B, LINE 15	THE INDEPENDENT DIRECTORS COMPARE CEO AND OFFICER COMPENSATION BASED ON REPORTS OF COMPARABLE ENTITIES FROM THE COMMUNITY FOUNDATION OF GASTON COUNTY, GUIDESTAR AND THE COUNCIL ON FOUNDATIONS. FAMILY MEMBERS RECUSE THEMSELVES FROM DISCUSSIONS AND APPROVAL OF OTHER FAMILY MEMBERS' COMPENSATION. ALL DISCUSSIONS AND APPROVALS ARE DOCUMENTED IN MEETING MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN BENEFICIAL INTEREST IN INVESTMENT POOL 140,612. BOOK/TAX DIFFERENCE IN INVESTMENTS -1,294,200.
PART X, LINE 12; PART XI, LINE 9 AND SCHEDULE D, PART VII, LINE 2	BOOK TAX DIFFERENCE IN INVESTMENT: THE ORGANIZATION HOLDS STOCK IN A COMPANY THAT IS INDEPENDENTLY VALUED EACH YEAR BY A QUALIFIED APPRAISER. THE ORGANIZATION HOLDS A SUFFICIENT NUMBER OF SHARES OF THE COMPANY'S STOCK THAT THE SAME APPRAISER HAS ALSO NOW ISSUED A SEPARATE APPRAISAL REPORT FOR THE ORGANIZATION, OPINING THAT A 14% BLOCKAGE DISCOUNT SHOULD APPLY TO ITS HOLDINGS IN THE COMPANY. THE ORGANIZATION RECOGNIZES THAT SECTION 4942(E) APPROVES THIS TYPE OF VALUE REDUCTION IN GENERAL BUT ALSO LIMITS THE SAME TO 10% FOR CERTAIN PURPOSES, AND THE ORGANIZATION HAS THEREFORE LIMITED THE BLOCKAGE DISCOUNT REFLECTED IN ITS 990 TO 10%. IN 2012, AN UNDERLYING APPRAISED VALUE OF $90,000,000 OF THE COMPANY STOCK, A 10% BLOCKAGE DISCOUNT RESULTS IN A VALUE REDUCTION OF $9,000,000, OR A NET VALUE OF $81,000,000. THIS VALUATION ADJUSTMENT WAS FIRST REFLECTED AS A RECONCILING ITEM IN THE 2012 990. IN THE CURRENT YEAR, A 10% BLOCKAGE DISCOUNT OF THE FAIR VALUE OF THE STOCK (WHICH IS $98,560,000) RESULTS IN A NET VALUE OF $88,704,000. THE NET CHANGE FROM 2013 TO 2014 IS $1,294,200 AND THIS IS REFLECTED AS AN "OTHER CHANGE" IN NET ASSETS, WHICH WHEN COMBINED WITH A SEPARATE INCREASE OF $140,612 RESULTING FROM A CHANGE IN BENEFICIAL INTEREST IN INVESTMENT POOL, RESULTS IN A NET APPRECIATION OF $1,153,588. THE VALUATION ADJUSTMENT IS ALSO DIRECTLY REFLECTED IN SCHEDULE D, PART VII, LINE 2, IN A STAND-ALONE DECLARATION OF THE APPLICABLE STOCK AND IN FORM 990, PART X, LINE 12, WHICH REFLECTS THE TOTAL INVESTMENTS OTHERWISE ITEMIZED IN SCHEDULE D, PART VII, LINE 2.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

THE DAVID BELK CANNON FOUNDATION

Employer identification number

27-0004751

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) THE COMMUNITY FOUNDATION OF GASTON COUNTY INC PO BOX 123 GASTONIA,NC28053 58-1340834	TO PROVIDE SUPPORT TO CHARITABLE ORGANIZATIONS	NC	501(C)(3)	LINE 7	N/A		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2014

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No

Schedule R (Form 990) 2014

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) 2014

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2014

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2014

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SEE PAGE 2, PART III, LINE 1.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	8
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	183,880	1,454,157
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	183,880	1,454,157
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,274,653	3,994,578
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	157,000	192,000
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	93,974	61,493
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,525,627	4,248,071
19	Revenue less expenses. Subtract line 18 from line 12.......	-1,341,747	-2,793,914
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	84,719,909	95,408,407
21	Total liabilities (Part X, line 26).............	468,000	1,200,000
22	Net assets or fund balances. Subtract line 21 from line 20.....	84,251,909	94,208,407

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,800,000 including grants of $ 1,800,000 ) (Revenue $ )
	DISTRIBUTIONS TO THE GASTON COUNTY FAMILY YMCA, WHICH IS APPROVED FOR DISTRIBUTIONS BY THE COMMUNITY FOUNDATION OF GASTON COUNTY (THE SUPPORTED ORGANIZATION) AND FALLS WITHIN ITS CHARITABLE PURPOSES.

4b	(Code: ) (Expenses $ 300,000 including grants of $ 300,000 ) (Revenue $ )
	DISTRIBUTIONS TO THE CITY OF GASTONIA, WHICH IS APPROVED FOR DISTRIBUTIONS BY THE SUPPORTED ORGANIZATION, TO SUPPORT THE CREATION AND EXPANSION OF GREEN SPACE THAT PROVIDES RECREATIONAL USE AND ENVIRONMENTAL PROTECTION OF THE LOCAL GASTON COUNTY COMMUNITY, WHICH FALLS WITHIN THE CHARITABLE PURPOSES OF THE SUPPORTED ORGANIZATION.

4c	(Code: ) (Expenses $ 150,000 including grants of $ 150,000 ) (Revenue $ )
	DISTRIBUTIONS TO THE DANIEL STOWE BOTANICAL GARDENS ("DSBG"), A CHARITABLE ORGANIZATION LOCATED IN GASTON COUNTY, TO SUPPORT THE CREATION OF THE KIMBRELL CHILDREN'S GARDEN. DSBG IS APPROVED FOR DISTRIBUTIONS BY THE SUPPORTED ORGANIZATION AND FALLS WITHIN ITS CHARITABLE PURPOSES.

	(Code: ) (Expenses $ 1,744,578 including grants of $ 1,744,578 ) (Revenue $ )
	CONTRIBUTIONS TO NUMEROUS OTHER CHARITABLE ORGANIZATIONS IN THE GASTONIA AREA THAT DIRECTLY BENEFIT GASTON COUNTY AND EFFECTIVELY, THE COMMUNITY FOUNDATION.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 1,744,578 including grants of $ 1,744,578 ) (Revenue $ )
4e	Total program service expenses3,994,578

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) VANN M MATTHEW II........................................................................ DIRECTOR	0.50 .......................	X		12,000	0	0
(2) HARRIET M JACKSON........................................................................ DIRECTOR	0.50 .......................	X		11,000	0	0
(3) JOHAN T NEWCOMBE........................................................................ DIRECTOR	0.50 .......................	X		12,000	0	0
(4) DR RICHARD E RANKIN JR........................................................................ DIRECTOR	2.00 .......................	X		15,000	0	0
(5) EUGENE R MATTHEWS II........................................................................ PRESIDENT/CEO/TREASURER	10.00 .......................	X	X	65,000	0	0
(6) B FRANK MATTHEWS II........................................................................ CHAIRMAN OF BOARD & INVESTMENT COMMITTEE	4.00 .......................	X	X	55,000	0	0
(7) BETTY C MATTHEWS........................................................................ VICE CHAIRMAN	0.50 .......................	X	X	10,000	0	0
(8) MARY M VAUGHN........................................................................ SECRETARY	0.50 .......................	X	X	12,000	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	192,000	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......
			Business Code
2a
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........
3	Investment income (including dividends, interest, and other similar amounts).......			1,454,157			1,454,157
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			1,454,157	0	0	1,454,157


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............				1
2	Savings and temporary cash investments .........			2,005,892	2	803,152
3	Pledges and grants receivable, net ...........				3
4	Accounts receivable, net .............			1,116,667	4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net .............				7
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ..........			58,828	9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	24,302
b	Less: accumulated depreciation .....	10b	18,096	8,993	10c	6,206
11	Investments—publicly traded securities ..........				11
12	Investments—other securities. See Part IV, line 11 .....			81,529,529	12	94,599,049
13	Investments—program-related. See Part IV, line 11 .....				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 34)......			84,719,909	16	95,408,407
17	Accounts payable and accrued expenses .........				17
18	Grants payable .................			468,000	18	1,200,000
19	Deferred revenue ................				19
20	Tax-exempt bond liabilities .............				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....				24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................				25
26	Total liabilities. Add lines 17 through 25.........			468,000	26	1,200,000
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			84,251,909	27	94,208,407
28	Temporarily restricted net assets ...........				28
29	Permanently restricted net assets ...........				29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances ...........			84,251,909	33	94,208,407
34	Total liabilities and net assets/fund balances ........			84,719,909	34	95,408,407