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. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 12-01-2013 , and ending 11-30-2014
Name of foundation
NALLEY CHARITABLE TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1929   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EASLEY, SC29641
A Employer identification number

57-0727567
B Telephone number (see instructions)

(864) 859-6321
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$2,960,101J 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) 414,626
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 50,729 50,729 50,729
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 910,532
b Gross sales price for all assets on line 6a 2,676,314
7 Capital gain net income (from Part IV, line 2)... 910,532
8 Net short-term capital gain......... 1,848
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,375,887 961,261 52,577
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 2,066 2,066    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,468 2,118    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,648 2,648    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,182 6,832   0
25 Contributions, gifts, grants paid........ 175,550 175,550
26 Total expenses and disbursements. Add lines 24 and 25 183,732 6,832   175,550
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,192,155
b Net investment income (if negative, enter -0-) 954,429
c Adjusted net income (if negative, enter -0-)... 52,577
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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............... 411,309 449,772 449,772
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,151,550 Click to see attachment2,305,242 2,385,329
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet39,000
Less: accumulated depreciation (attach schedule) bullet   39,000 Click to see attachment39,000 125,000
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 1,601,859 2,794,014 2,960,101
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
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,601,859 2,794,014
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,601,859 2,794,014
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,601,859 2,794,014
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 1,601,859
2 Enter amount from Part I, line 27a..................... 2 1,192,155
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,794,014
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,794,014
Form 990-PF (2013)
Form 990-PF (2013)
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 LEXINGTON REALTY TRUST P 2014-06-24 2014-07-01
b AT&T CORP P 2010-04-16 2014-06-24
c SOUTH STATE CORP P 1989-12-29 2014-06-24
d MCDONALDS CORP P 2012-09-04 2014-06-24
e ZB VANGUARD ST TAX-EXEMPT BOND P 2014-06-24 2014-09-25
AMERICAN EXPRESS CO P 2013-05-30 2014-06-24
JOHNSON & JOHNSON P 2010-04-16 2014-06-24
PIEDMONT NATURAL GAS P 2010-04-07 2014-06-24
CDK GLOBAL HOLDINGS P 2014-06-24 2014-10-01
BB&T P 1995-12-30 2014-06-24
JOHNSON & JOHNSON P 2010-08-13 2014-06-24
PIEDMONT NATURAL GAS P 2010-08-13 2014-06-24
ZB EATON VANCE FLOATING P 2014-06-24 2014-10-07
BB&T P 1995-12-30 2014-06-24
KIMBERLY CLARK CORP P 2010-06-21 2014-06-24
PIEDMONT NATURAL GAS P 1982-07-30 2014-06-24
MEDTRONIC INC P 2014-06-24 2014-10-07
CVS/CAREMARK COR P 1999-07-20 2014-06-24
KIMBERLY CLARK CORP P 2012-05-18 2014-06-24
STEEL PARTNERS HOLDINGS LP P 1996-05-15 2014-06-24
SIGMA ALDRICK CORP P 2014-06-24 2014-10-07
CHEVRON CORP P 2010-08-13 2014-06-24
LEXINGTON REALTY TRUST P 2008-12-31 2014-06-24
STEEL PARTNERS HOLDING LP P 1996-05-15 2014-06-24
SPDR S&P 500 TRUST ETF P 2014-06-24 2014-10-07
COCA COLA CO P 2012-05-18 2014-06-24
LEXINGTON REALTY TRUST P 2009-04-24 2014-06-24
WALMART STORES INC P 2010-04-16 2014-06-24
ZB VANGUARD INFLATION PROTECTION P 2014-06-24 2014-10-08
DUKE ENERGY P 2006-05-09 2014-06-24
LEXINGTON REALTY TRUST P 2009-07-30 2014-06-24
WALMART STORES INC P 2010-10-11 2014-06-24
QUALCOMM INC P 2014-06-24 2014-11-20
ENERGY TRANSFER PARTNERS P 2010-04-16 2014-06-24
LEXINGTON REALTY TRUST P 2009-10-16 2014-06-24
ZB VANGUARD ST INVEST-GRADE P 2010-11-08 2014-06-24
QUALCOMM INC P 2014-10-07 2014-11-20
ENERGY TRANSFER PARTNERS P 2012-05-18 2014-06-24
LOWES COMPANY INC P 1996-12-31 2014-06-24
FAMILY DOLLAR STORE P 1996-12-31 2014-11-26
FAMILY DOLLAR STORES P 1996-12-31 2014-01-03
EXXON MOBIL CORP P 2010-03-12 2014-06-24
LOWES COMPANY INC P 1996-12-31 2014-06-24
WELLS FARGO & CO P 1999-07-20 2014-06-20
EXXON MOBIL CORP P 2010-08-13 2014-06-24
LOWES COMPANY INC P 1996-12-31 2014-06-24
WELLS FARGO & CO P 1999-07-20 2014-06-20
EXXON MOBIL CORP P 2010-08-26 2014-06-24
LOWES COMPANY INC P 1996-12-31 2014-06-24
WELLS FARGO & CO P 1999-07-20 2014-06-20
SOUTH STATE CORP P 1999-07-20 2014-06-24
MCDONALDS CORP P 2010-04-16 2014-06-24
AT& T CORP P 2010-01-14 2014-06-24
SOUTH STATE CORP P 1987-12-30 2014-06-24
MCDONALDS CORP P 2012-05-18 2014-06-24
(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 49,492   50,154 -662
b 3,542   2,611 931
c 125,419   15,321 110,098
d 50,959   44,616 6,343
e 107,432   107,500 -68
36,225   29,144 7,081
10,491   6,525 3,966
3,684   2,807 877
20   20  
31,279   1,041 30,238
35,146   19,780 15,366
53,048   39,859 13,189
49,492   50,150 -658
39,099   1,301 37,798
11,153   6,357 4,796
103,149   93,408 9,741
19,227   19,334 -107
120,265   3,621 116,644
33,458   23,743 9,715
6,166     6,166
25,813   19,292 6,521
64,328   37,779 26,549
169,785   117,118 52,667
61,119     61,119
19,369   19,636 -267
24,938   22,251 2,687
8,289   5,718 2,571
7,608   5,423 2,185
107,056   107,500 -444
66,750   44,592 22,158
7,867   5,427 2,440
62,384   45,076 17,308
17,239   19,501 -2,262
5,716   3,242 2,474
5,861   4,043 1,818
274,083   277,526 -3,443
4,222   4,427 -205
40,011   25,861 14,150
17,415   394 17,021
130,282   128,453 1,829
66,466   65,165 1,301
10,421   6,691 3,730
45,829   1,037 44,792
64,816   23,699 41,117
65,130   37,896 27,234
73,326   48,176 25,150
4,182   1,287 2,895
104,208   59,785 44,423
22,914   24,585 -1,671
523   121 402
62,552   7,647 54,905
10,192   6,897 3,295
38,966   29,107 9,859
57,141   6,980 50,161
40,767   36,158 4,609
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       -662
b       931
c       110,098
d       6,343
e       -68
      7,081
      3,966
      877
       
      30,238
      15,366
      13,189
      -658
      37,798
      4,796
      9,741
      -107
      116,644
      9,715
      6,166
      6,521
      26,549
      52,667
      61,119
      -267
      2,687
      2,571
      2,185
      -444
      22,158
      2,440
      17,308
      -2,262
      2,474
      1,818
      -3,443
      -205
      14,150
      17,021
      1,829
      1,301
      3,730
      44,792
      41,117
      27,234
      25,150
      2,895
      44,423
      -1,671
      402
      54,905
      3,295
      9,859
      50,161
      4,609
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 2 910,532
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 1,848
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 page 18 of the 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))
2012 286,426 2,394,241 0.119631
2011 213,930 2,092,986 0.102213
2010 66,285 1,843,079 0.035964
2009 107,482 1,700,520 0.063205
2008 68,209 1,545,295 0.044140
2 Total of line 1, column (d) ...................... 2 0.365153
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 0.073031
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,713,145
5 Multiply line 4 by line 3....................... 5 198,144
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 9,544
7 Add lines 5 and 6......................... 7 207,688
8 Enter qualifying distributions from Part XII, line 4.............. 8 175,550
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 (2013)
Form 990-PF (2013)
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 19,089
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 19,089
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,089
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 2,089
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,089
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 17,000
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 2014 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 page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
 
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)
    bulletSC
    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 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    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 ofbulletGEORGE B NALLEY JR Telephone no.bullet (864) 859-6321
    Located atbulletP O BOX 1959EASLEYSC ZIP+4bullet29641
    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 2013, 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 Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    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 page 20 of the 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 2013?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 2013 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 2013.)....................
    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 2013?
    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 509(a)(1), (2), or (3), or section 4940(d)(2)? (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 (2013)
    Form 990-PF (2013)
    Page 6
    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
    GEORGE B NALLEY JRClick to see attachment CHAIRMAN
    0.00     		0 0 0
    P O BOX 1929
    EASLEY,SC29641
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    135,657
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    19,089
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,089
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    116,568
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    116,568
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    116,568
    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
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 116,568
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011....... 98,447
    e From 2012....... 170,892
    fTotal of lines 3a through e......... 269,339
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 175,550
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 116,568
    e Remaining amount distributed out of corpus 58,982
    5 Excess distributions carryover applied to 2013.    
    (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 5 328,321
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		328,321
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011.... 98,447
    d Excess from 2012.... 170,892
    e Excess from 2013.... 58,982
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    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 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 (2013)
    Form 990-PF (2013)
    Page 10
    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
    EASLEY PRESBYTERIAN CHURC
    200 SOUTH 1ST STREET
    EASLEY,SC29641     		    CHARITABLE FAITH OPERATIONS 67,000
    TRI COUNTY TECHNICAL COLLEGE
    PO BOX 587
    PENDLETON,SC29670     		    SCHOLARSHIPS 25,000
    UNITED WAY OF PICKENS COUNTY
    201 S 5TH STREET
    PO BOX 96
    EASLEY,SC296410096     		    CHARITABLE 5,000
    BAPTIST EASLEY FOUNDATION
    PO BOX 1988
    EASLEY,SC29640     		    OPERATIONS 1,000
    IPTAY
    200 AVENUE OF CHAMPIONS
    CLEMSON,SC29634     		    SCHOLARSHIPS 10,000
    CLEMSON FUND
    110 DANIEL DRIVE
    CLEMSON,SC29631     		    SCHOLARSHIPS 12,500
    CLEMSON UNIVERSITY FOUNDATION
    155 OLD GREENVILLE HWY
    UNIT 105
    CLEMSON,SC29631     		    SCHOLARSHIPS 500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO641291680     		    OPERATIONS 1,000
    DREAM CENTER OF PICKENS COUNTY
    200 WEST D AVE
    EASLEY,SC29641     		    CHARTIABLE OPERATIONS 30,000
    AMERICAN HEART ASSOCIATION
    3535 PELHAM RD
    GREENVILLE,SC29615     		    CHARTIABLE OPERATIONS 5,000
    EASLEY FIRST BAPTIST
    300 E 1ST AVE
    EASLEY,SC29640     		    FAITH BASED CHARITY 100
    BLUE RIDGE COUNCIL BOY SCOUTS OF A
    1 PARK PLAZA
    GREENVILLE,SC29607     		    CHARTIABLE 1,000
    MARCH OF DIMES
    37 VILLA RD
    GREENVILLE,SC29615     		    CHARTIABLE OPERATIONS 250
    BLUE RIDGE FEST
    PO BOX 277
    PICKENS,SC29671     		    CHARTIABLE 5,000
    ROCKY BOTTOM CAMP OF THE BLIND
    787 BREAZEALE RD
    LIBERTY,SC29657     		    CHARTIABLE OPERATIONS 300
    PICKENS COUNTY MEALS ON WHEELS
    704 S PENDLETON ST
    EASLEY,SC29640     		    CHARTIABLE OPERATIONS 100
    GLENVILLE VOL FIRE DEPARTMENT
    PO BOX 1978
    CASHIERS,NC28717     		    CHARTIABLE OPERATIONS 50
    POINSETT CLUB FOUNDATION
    807 EASY WASHINGTON ST
    GREENVILLE,SC29601     		    CHARTIABLE OPERATIONS 300
    WOUNDED WARRIOR PROJECT
    4899 BELFORT RD 300
    JACKSONVILLE,FL32256     		    CHARTIABLE OPERATIONS 200
    FRAZEE DREAM CENTER
    8110 HWY 81 NORTH
    EASLEY,SC29642     		    CHARTIABLE OPERATIONS 5,000
    PROVIDENCE PRESBYTERIAN CHURCH
    4000 HWY 153
    GREENVILLE,SC29611     		    FAITH BASED CHARITY 150
    PICKENS COUNTY YMCA
    201 BURNS ROAD
    EASLEY,SC29640     		    CHARTIABLE OPERATIONS 1,000
    SOCIETY OF INTERNATIONAL BUSINESS F
    225 PEACHTREE ST NE
    ATLANTA,GA30303     		    CHARTIABLE OPERATIONS 500
    UPSTATE WARRIOR SOLUTION
    PO BOX 27232
    GREENVILLE,SC29616     		    CHARTIABLE OPERATIONS 2,500
    EASLEY HIGH SCHOOL ATHLETIC DEPT
    154 GREEN WAVE BOULEVARD
    EASLEY,SC29642     		    CHARTIABLE 300
    FRIENDS OF PICKENS COUNTY GUARDIAN
    PO BOX 1692
    EASLEY,SC29641     		    CHARTIABLE 1,800
    Total .................................bullet 3a 175,550
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    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 50,729  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        910,532
    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)..   50,729 910,532
    13Total. Add line 12, columns (b), (d), and (e)..................
    13961,261
    (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 (2013)
    Form 990-PF (2013)
    Page 12
    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 or fiduciary) 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 (2013)
    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
    2013
    Name of the organization
    NALLEY CHARITABLE TRUST
     
    Employer identification number

    57-0727567
    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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    NALLEY CHARITABLE TRUST
          		Employer identification number

    57-0727567
    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
     
     

    GEORGE B NALLEY JR  
    PO BOX 1929
     
    EASLEY, SC29641

    		$390,041


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    ANITA L NALLEY  
    PO BOX 1929
     
    EASLEY, SC29641

    		$24,585


    (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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    NALLEY CHARITABLE TRUST
          		Employer identification number

    57-0727567
    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
    1
    		 1000 SHS FAMILY DOLLAR STORE $65,165 2013-12-30
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 2500 SHS FAMILY DOLLAR STORE $194,625 2014-10-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 1650 SHS FAMILY DOLLAR STORE $130,251 2014-11-24
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 500 SHS LOWES $24,585 2013-12-30
    (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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    NALLEY CHARITABLE TRUST
          		Employer identification number

    57-0727567
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. 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) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 CompensationExplanation
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Person Name Explanation
    GEORGE B NALLEY JR  

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    TY 2013 DepreciationSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND-HAMLET NC 2007-12-27 1,549              

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Name of Stock End of Year Book Value End of Year Fair Market Value
    390 SHS AFLAC INC 24,116 23,295
    150 SHS AIR PRODUCTS & CHEMICAL 19,438 21,575
    255 SHS AMERICAN EXPRESS 23,824 23,567
    455 SHS ANALOG DEVICES INC 24,021 24,861
    215 SHS APPLE INC 19,665 25,570
    550 SHS ATT&T CORP 19,519 19,459
    245 AUTOMATIC DATA PROCESSING INC 17,032 20,982
    325 BAXTER INTL INC 23,829 23,725
    200 SHS BECTON DICKINSON & CO 24,141 28,066
    BB&T    
    81 SHS CDK GLOABL HOLDINGS 2,444 3,084
    190 SHS CHEVRON CORP 24,616 20,685
    260 SHS CHUBB CORP 24,243 26,793
    215 SHS CLOROX 19,699 21,848
    360 COLGATE PALMOLIVE CO 24,280 25,052
    290 SHS CONOCO PHILIPS 24,129 19,160
    COCA-COLA    
    CVS    
    DUKE ENERGY    
    765 SHS EATON VANCE CORP NON VTG 28,961 31,969
    365 SHS EMERSON ELECTRIC CO 24,225 23,269
    530 SHS ENBRIDGE INC 25,025 24,369
    ENERGY TRANSFER PARTN    
    235 SHS EXXON MOBILE CORP 23,952 21,277
    210 SHS FACTSET RESEARCH SYSTEMS 24,611 28,783
    2500 FAMILY DOLLAR STORES 196,424 197,625
    165 SHS GENERAL DYNAMICS CORP 19,549 23,984
    450 SHS GENERAL MILLS INC 23,968 23,738
    34 SHS GOOGLE INC CLASS A 19,746 18,666
    93 SHS GRAINGER W W INC 23,965 22,848
    GS FLT RT NO-CUM PFD PERPETUAL 25,100 23,875
    395 SHS HARRIS CORP 29,060 28,310
    275 SHS ILLINOIS TOOL WORKS INC 24,051 26,106
    105 SHS INTERNATIONAL BUSINESS MACHI 19,189 17,028
    207 SHS ISHARES COR S&P MIDCAP 29,147 29,862
    900 SHS ISHARES IBOXX INVEST GRADE 107,055 108,081
    435 SHS ISHARES MSCI ALL ETF CO 29,251 30,467
    435 SHS ISHARES MSCI EAFE INDEX 29,892 27,836
    185 SHS ISHARES S&P MIDCAP 400 GROWT 28,667 29,607
    225 SHS JM SMUCKER CO 23,556 23,078
    185 SHS JOHNSON & JOHNSON 19,415 20,026
    335 SHS JPMORGAN CHASE & CO 19,385 20,154
    375 SHS KELLOGG CO 24,385 24,844
    KIMBERLY CLARK CORP    
    LEXINGTON REALTY TRUST    
    420SHS LOWES COMPANY INC 19,520 26,809
    245SHS MCDONALDS CORP 24,515 23,718
    465 SHS MICROSOFT CORP 19,407 22,232
    FIRST FINANCIAL HOLDINGS (SCBT)    
    380 SHS NESTLE S A SPONSORED ADR 29,258 28,519
    245 SHS NEXTERR ENERGY INC 24,307 25,576
    285 SHS NORDSTROM INC 19,382 21,763
    190 SHS NORFOLK SOUTHERN CORP 19,646 21,212
    520 SHS NORTHEAST UTILITIES 24,158 26,333
    275 SHS NOVARTIS AG SPON ADR 24,952 26,579
    475 SHS PAYCHEX INC 19,862 22,520
    220 SHS PEPSICO 19,446 22,022
    285 SHS PHILLIPS 66 24,156 20,811
    PIEDMONT NATURAL GAS    
    150 POLARIS INDS INC 19,616 23,507
    185 SHS PRAXAIR INC 24,140 23,750
    245 SHS PROCTOR & GAMBLE CO 19,432 22,155
    465 SHS SANOFI ADF 25,105 22,455
    560 SHS SCANA CORP NEW 29,158 31,937
    515 SHS SYSCO CORP 19,444 20,734
    335 SHS TARGE CORP 19,596 24,790
    545 SHS THE SOUTHER CO 24,157 25,849
    235 SHS UNITED PARCEL SERVCE -B 23,843 25,830
    215 SHS UNITED TECHNOLOGIES CORP 24,432 23,667
    315 SHS V F CORP 19,802 23,679
    VANGUARD BD INDEX FDS INTERMED 160,000 161,593
    175 SHS VANGUARD HEALTH CARE ETF 19,530 22,362
    410 SHS VANGUARD INFORMATION ETF TEC 41,240 43,903
    960 SHS VANGUARD SMALL CAP 111,487 112,176
    25472 SHS VANGUARD ST INVEST - GD 209,911 210,016
    400 SHS VERIZON COMMUNICATIONS 19,802 20,236
    95 SHS VISA INC CLASS A 19,965 24,528
    260 SHS WAL-MART STORES, INC 19,741 22,760
    WELLS FARGO    
    635 SHS WISCONSIN ENERGY CORP 29,020 31,369
    165 SHS 3M CO 23,635 26,415
    ROUNDING 2  

    TY 2013 InvestmentsLandSchedule2
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - CLEMSON 39,000   39,000 125,000

    TY 2013 OtherExpensesSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 37 37    
    MANAGEMENT FEES 2,611 2,611    


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 2,066 2,066    


    TY 2013 SubstantialContributorsSch
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Name Address
    GEORGE B NALLEY JR PO BOX 1929
    PO BOX 1929
    EASLEY,SC29641
    ANITA L NALLEY PO BOX 1929
    PO BOX 1929
    EASLEY,SC29641


    TY 2013 TaxesSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 2,118 2,118    
    FOREIGN INCOME TAXES 42      
    FEDERAL INCOME TAXES PAID 1,308