TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bullet

Information 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
HORNE ELIZABETH D

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907

A Employer identification number

56-6355985

B Telephone number (see instructions)

(910) 914-9108

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,168,628J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	16,309		16,309
4	Dividends and interest from securities......	85,737		85,737
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		204,201
b	Gross sales price for all assets on line 6a 1,510,104
7	Capital gain net income (from Part IV, line 2)...			204,201
8	Net short-term capital gain.........				0
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).......		69	69
12	Total. Add lines 1 through 11........	306,316		306,316
13	Compensation of officers, directors, trustees, etc.	52,875		52,875
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		20			20
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		4,717	2,451		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		512	512
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	58,124		55,838	0	20
25	Contributions, gifts, grants paid........	200,410				200,410
26	Total expenses and disbursements. Add lines 24 and 25	258,534		55,838	0	200,430
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	47,782
b	Net investment income (if negative, enter -0-)			250,478
c	Adjusted net income (if negative, enter -0-)...				0

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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............		81	164	164
	2	Savings and temporary cash investments..........		247,976	227,760	227,760
	3	Accounts receivable
		Less: allowance for doubtful accounts			0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)		606,006	300,915	313,851
	b	Investments—corporate stock (attach schedule)........		1,448,899	1,257,595	1,719,592
	c	Investments—corporate bonds (attach schedule)........		905,754	1,480,835	1,502,913
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		421,304	410,538	404,348
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		3,630,020	3,677,807	4,168,628
		17	Accounts payable and accrued expenses..........
18		Grants payable...................
19		Deferred revenue..................
20		Loans from officers, directors, trustees, and other disqualified persons
21		Mortgages and other notes payable (attach schedule)......
22		Other liabilities (describe )
23		Total liabilities (add lines 17 through 22)..........			0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........		3,630,020	3,677,807
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		3,630,020	3,677,807
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		3,630,020	3,677,807

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	3,630,020
2	Enter amount from Part I, line 27a.....................	2	47,782
3	Other increases not included in line 2 (itemize)	3	195
4	Add lines 1, 2, and 3..........................	4	3,677,997
5	Decreases not included in line 2 (itemize)	5	190
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	3,677,807

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	150000. FED NATL MTG ASSN DTD 11/6/03 5.125% 01/			2014-01-02
b	5. AMAZON INC COMMON		2012-06-06	2014-01-22
c	350. ARIAD PHARMACEUTICALS INC COMMON		2013-10-09	2014-01-22
d	50. BAIDU INC		2013-10-09	2014-01-22
e	10. BLACKROCK INC COMMON		2011-08-16	2014-01-22
	90. CITRIX SYSTEMS		2013-10-09	2014-01-22
	20. ENERGIZER HOLDINGS INC		2011-05-11	2014-01-22
	130. FUEL SYSTEMS SOLUTIONS INC COMMON			2014-01-22
	60. MICROSOFT CORPORATION		1994-07-18	2014-01-22
	2. PRICELINE.COM INC COMMON		2012-06-06	2014-01-22
	150000. FED HOME LOAN MTG CORP DTD 01/30/04 CALLABLE 01/30/07 @ 100 5%		2007-11-15	2014-01-30
	.3 ITAU UNIBANCO BANCO MULTIPLO SA		2011-12-23	2014-08-05
	1218.064 ABERDEEN EQUITY LONG SHORT FUND INST CL			2014-10-06
	60. ADVANCED AUTO PTS INC COM		2013-10-09	2014-10-06
	30. AFFILIATED MANAGERS GROUP INC		2013-10-09	2014-10-06
	90. ALLERGAN INC			2014-10-06
	6186.939 AMERICAN CENTURY DIVERSIFIED BOND FUND #		2014-01-22	2014-10-06
	15424.779 AMERICAN CENTURY DIVERSIFIED BOND FUND #			2014-10-06
	80. AUTODESK, INC. COMMON		2009-08-12	2014-10-06
	20. BLACKROCK INC COMMON		2012-06-06	2014-10-06
	70. BROWN & BROWN INC		2014-03-18	2014-10-06
	220. COCHLEAR LIMITED UNSPONS ADR		2011-08-16	2014-10-06
	120. COMCAST CORP NEW CL A		2013-10-09	2014-10-06
	180. DISNEY WALT COMPANY		2013-10-09	2014-10-06
	188.197 DRIEHAUS ACTIVE INCOME FUND INST CL FUND # 1123 CLOSED TO NEW		2012-03-02	2014-10-06
	70. ENERGIZER HOLDINGS INC		2011-05-11	2014-10-06
	80. ENERSYS COMMON		2014-01-22	2014-10-06
	653.447 FEDERATED TOTAL RETURN GOV'T BOND FUND #647		2014-01-22	2014-10-06
	4213.403 FEDERATED TOTAL RETURN GOV'T BOND FUND #647			2014-10-06
	650. GAZPROM			2014-10-06
	100. HIBBETT SPORTS INC COMMON		2013-10-09	2014-10-06
	2006.754 HIGHLAND LONG/SHORT EQUITY FUND CL Z FUN			2014-10-06
	160. HIGHWOODS PPTYS INC		2013-10-09	2014-10-06
	130. IXIA		2013-10-09	2014-10-06
	150. IXIA		2012-09-13	2014-10-06
	100. IMPAX LABORATORIES COMMON		2012-09-13	2014-10-06
	60. INFORMATICA CORP		2013-10-09	2014-10-06
	50. INFORMATICA CORP		2012-06-06	2014-10-06
	570. INTEL CORPORATION			2014-10-06
	60. ITRON INC COMMON		2012-06-06	2014-10-06
	80. MSC INDUSTRIAL DIRECT INC CLASS A COMMON		2012-10-26	2014-10-06
	1189.796 MAINSTAY MARKETFIELD FUND-I			2014-10-06
	75. MICROSOFT CORPORATION			2014-10-06
	40. MOHAWK IND INC COMMON		2009-12-16	2014-10-06
	170. NETAPP INC		2013-10-09	2014-10-06
	360. NOKIAN RENKAAT OYJ			2014-10-06
	160. OMNIVISION TECHNOLOGIES INC COMMON		2011-12-23	2014-10-06
	70. PAREXEL INTERNATIONAL COMMON		2009-08-12	2014-10-06
	330. PETROLEO BRASILEIRO SA PETROBRAS		2012-10-26	2014-10-06
	20. PIONEER NAT RES CO COMMON		2011-12-23	2014-10-06
	120. ROCKWOOD HOLDINGS INC COMMON		2009-12-16	2014-10-06
	280. ROGERS COMMUNICATIONS INC INC		2013-10-09	2014-10-06
	100. SUPERIOR ENERGY SVCS INC		2009-08-12	2014-10-06
	190. TARGET CORP COM			2014-10-06
	100. TERADATA CORP COMMON		2013-02-25	2014-10-06
	540. TESCO PLC SPONS ADR			2014-10-06
	90. THORATEC CORP.		2011-05-11	2014-10-06
	140. TOLL BROTHERS INC			2014-10-06
	2141.535 TURNER SPECTRUM FUND INST CL FUND # 3311			2014-10-06
	220. UNION PACIFIC CORP		2012-06-06	2014-10-06
	1023.96 WASATCH 1ST SOURCE LONG/SHORT FUND # 9			2014-10-06
	130. WISCONSIN ENERGY CORPORATION			2014-10-06
	190. UTI WORLDWIDE INC		2012-06-06	2014-10-06
	372. CNH INDUSTRIAL NV		2011-08-16	2014-10-06
	19. AIA GROUP LTD		2012-06-06	2014-11-20
	97. ABBVIE INC COMMON		2012-03-02	2014-11-20
	24. AGILENT TECHNOLOGIES		2012-06-06	2014-11-20
	135. L'AIR LIQUIDE-UNSPONS ADR COMMON		2011-08-16	2014-11-20
	62. ALEXANDRIA REAL ESTATE			2014-11-20
	1. ALLIANCE DATA SYSTEMS COMMON		2012-10-26	2014-11-20
	133. ALLIANZ COMMON		2011-12-23	2014-11-20
	45. AMAZON INC COMMON		2012-06-06	2014-11-20
	41. AMERISOURCEBERGEN CORP. COMMON		2009-08-12	2014-11-20
	28. ANHEUSER-BUSCH INBEV NV SPN ADR		2012-10-26	2014-11-20
	157. APPLE COMPUTER CORPORATION COMMON			2014-11-20
	53. ARM HOLDINGS PLC -SPONS ADR		2011-08-16	2014-11-20
	99. ATLAS COPCO AB SPONS		2011-08-16	2014-11-20
	45. ATWOOD OCEANICS INC		2009-08-12	2014-11-20
	16. AUTODESK, INC. COMMON		2009-08-12	2014-11-20
	11. AUTOLIV INC COMMON		2011-12-23	2014-11-20
	56. BG GROUP PLC SPON ADR		2011-08-16	2014-11-20
	10. BAIDU INC		2013-10-09	2014-11-20
	11. BANCFIRST CORP		2011-12-23	2014-11-20
	187. BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR		2013-10-09	2014-11-20
	11. BAXTER INTERNATIONAL INCORPORATED		2012-06-06	2014-11-20
	40. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A		2013-02-25	2014-11-20
	47. BENCHMARK ELECTRONICS COMMON		2009-08-12	2014-11-20
	25. BIOMARIN PHARMACEUTICAL INC		2013-10-09	2014-11-20
	113. CSL LTD -SPONSORED ADR		2011-08-16	2014-11-20
	93. CALGON CAROBN CORP COMMON		2011-05-11	2014-11-20
	163. CAMERON INT'L CORP COM		2013-02-25	2014-11-20
	51. CANADIAN NATL RY CO		2011-12-23	2014-11-20
	5. CASEY'S GENERAL STORES, INC. COMMON		2011-05-11	2014-11-20
	10. CHEVRON TEXACO CORP COMMON		2011-12-23	2014-11-20
	72. CINTAS CORP		2011-05-11	2014-11-20
	180. CIVEO CORP COMMON			2014-11-20
	170. COCA COLA COMPANY		2013-10-09	2014-11-20
	861.871 COHEN & STEERS REALTY SHARES INSTITUTION			2014-11-20
	40. COMMVAULT SYSTEMS, INC COMMON		2014-03-18	2014-11-20
	8. COOPER COMPANIES INC COMMON		2012-07-25	2014-11-20
	2845.093 CREDIT SUISSE COMMODITY RETURN STRATEGY INSTITUTIONAL SHS FD			2014-11-20
	50. CROWN HOLDINGS INC COMMON		2010-08-17	2014-11-20
	41. DBS GROUP HLDGS LTD SPONSORED ADR F/K/A DEVELOPMENT BK SINGAPORE L		2011-12-23	2014-11-20
	32. DANAHER CORP COMMON		2012-10-26	2014-11-20
	85. DASSAULT SYSTEMS		2011-08-16	2014-11-20
	30. ENN ENERGY HOLDINGS -UNSP ADR		2014-01-22	2014-11-20
	140. EBAY INC		2013-10-09	2014-11-20
	15. EPAM SYSTEMS INC. COMMON		2014-03-18	2014-11-20
	32. EXPRESS SCRIPTS HOLDING CO COMMON		2013-10-09	2014-11-20
	2. FEI COMPANY COMMON		2012-10-26	2014-11-20
	86. FANUC LTD ADR			2014-11-20
	21. FORWARD AIR CORP		2009-08-12	2014-11-20
	399.334 FORWARD INTERNATIONAL SMALL COMPANIES FD		2011-08-19	2014-11-20
	200. FRESENIUS MED CARE		2011-08-16	2014-11-20
	106. GILEAD SCIENCES INC		2012-06-06	2014-11-20
	4. GOOGLE INC CL A		2013-02-25	2014-11-20
	80. GREENHILL & CO INC COMMON		2012-10-26	2014-11-20
	21. HANCOCK HOLDING COMPANY		2009-12-16	2014-11-20
	31. HANESBRANDS INC COMMON		2014-01-22	2014-11-20
	95. HARMONIC INC COM		2009-08-12	2014-11-20
	615. HECLA MINING		2014-01-22	2014-11-20
	59. HONG KONG EXCHANGES & CLEARING LIMITED		2013-10-09	2014-11-20
	25. HUMANA, INC.		2013-10-09	2014-11-20
	65. ICICI BANK LIMITED SPONS ADR		2012-06-06	2014-11-20
	4. INTERCONTINENTALEXCHANGE COMMON GROUP		2013-02-25	2014-11-20
	178. ITAU UNIBANCO BANCO MULTIPLO SA		2011-12-23	2014-11-20
	35. JOY GLOBAL INC COMMON		2011-07-14	2014-11-20
	156. JUNIPER NETWORKS INC			2014-11-20
	65. KEYSIGHT TECHNOLOGIES INC COMMON		2012-06-06	2014-11-20
	61. KINDER MORGAN INC COMMON		2013-05-16	2014-11-20
	122. L'OREAL SA ADR		2011-08-16	2014-11-20
	77. LVMH MOET-HENNESSEY UNSPON ADR		2011-08-16	2014-11-20
	18. LAKELAND FINANCIAL CORP		2011-12-23	2014-11-20
	26. LINDSAY MFG CO COMMON		2012-06-06	2014-11-20
	20. M & T BK CORP		2011-05-11	2014-11-20
	74. MVC CAPITAL		2011-12-23	2014-11-20
	16. STEVEN MADDEN LTD COMMON		2012-09-13	2014-11-20
	52. MATTEL INC		2014-01-22	2014-11-20
	27. MCDONALDS CORPORATION		2011-08-16	2014-11-20
	42. MEDNAX INC COMMON		2009-08-12	2014-11-20
	40. METLIFE COMMON		2012-10-26	2014-11-20
	444. MICROSOFT CORPORATION			2014-11-20
	46. MITSUBISHI ESTATE COMPANY LTD		2013-10-09	2014-11-20
	68. MONSANTO CO COMMON		2012-06-06	2014-11-20
	36. MYRIAD GENETICS INC COMMON		2012-07-25	2014-11-20
	22. NAVIGATORS GROUP INC COMMON		2009-08-12	2014-11-20
	37. NAVIENT CORP COMMON		2012-10-26	2014-11-20
	85. NESTLE SA ADR		2011-08-16	2014-11-20
	8. NORTHEAST UTILITIES		2013-10-09	2014-11-20
	36. NOVARTIS AG		2011-08-16	2014-11-20
	86. OMNICOM GROUP INCORPORATED		2011-08-16	2014-11-20
	23. OUTERWALL INC COMMON		2011-12-23	2014-11-20
	22. PRA GROUP INC COMMON		2010-02-19	2014-11-20
	94. PEARSON PLC SPONSORED ADR		2011-08-16	2014-11-20
	9. PEPSICO INCORPORATED		2011-05-11	2014-11-20
	103. PFIZER INCORPORATED		2011-12-23	2014-11-20
	194. PHILIP MORRIS INTERNATIONAL			2014-11-20
	5. POLARIS INDUSTRIES INC		2013-10-09	2014-11-20
	67. PRESTIGE BRANDS HOLDINGS INC COMMON		2009-08-12	2014-11-20
	130. PRICE GROUP INC FORMERLY AKA PRICE TO ROWE & ASSOC			2014-11-20
	58. QUALCOMM INC COMMON			2014-11-20
	90. ROCHE HOLDING LTD ADR		2011-12-23	2014-11-20
	20. ROCKWELL INTERNATIONAL CORP NEW		2013-10-09	2014-11-20
	51. ROSS STORES INC COM		2011-02-10	2014-11-20
	129. SAP AKTIENGESELLSCHAFT			2014-11-20
	65. SASOL LTD SPONSORED ADR		2011-08-16	2014-11-20
	69. SCHLUMBERGER LTD		2012-06-06	2014-11-20
	242. SCHNEIDER ELECTRIC SA UNSPON ADR		2011-08-16	2014-11-20
	15. SCHNITZER STEEL INDS INC CL A			2014-11-20
	7. SEMTECH CORP		2009-08-12	2014-11-20
	16. SIGNATURE BANK COMMON		2009-12-16	2014-11-20
	90. SPECTRA ENERGY CORPORATION		2013-02-25	2014-11-20
	35. SUN HYDRAULICS CORPORATION COMMON		2009-08-12	2014-11-20
	25. SWATCH GROUP AG		2011-08-16	2014-11-20
	45. SYNAPTICS INC		2011-12-23	2014-11-20
	43. TTM TECHNOLOGIES INC COMMON		2009-08-12	2014-11-20
	70. TELEFLEX INC COMMON		2013-10-09	2014-11-20
	99. TEXAS INSTRUMENTS INCORPORATED		2011-05-11	2014-11-20
	36. TIME WARNER CABLE INC		2013-02-25	2014-11-20
	30. TORO COMPANY COMMON		2009-08-12	2014-11-20
	41. TRACTOR SUPPLY COMPANY COMMON		2009-08-12	2014-11-20
	140. THE TRAVELERS COMPANIES INC.			2014-11-20
	665. TURKIYE GARANTI BANKASI A.S.		2011-08-16	2014-11-20
	1020. UNICHARM CORP		2011-08-16	2014-11-20
	110. UNILEVER PLC-SPONSORED ADR			2014-11-20
	33. UNITED NATURAL FOODS INC.		2009-08-12	2014-11-20
	28. UNITED PARCEL SERVICES B		2012-10-26	2014-11-20
	20. VCA ANTECH INC COMMON		2013-10-09	2014-11-20
	19. VERA BRADLEY, INC. COMMON		2013-10-09	2014-11-20
	26. VMWARE INC CLASS A COMMON		2013-10-09	2014-11-20
	43. WPP PLC		2011-08-16	2014-11-20
	40. WELLPOINT INC		2013-10-09	2014-11-20
	60. XILINX INC		2011-05-11	2014-11-20
	64. XINYI GLASS HOLDINGS LTD		2012-07-25	2014-11-20
	29. ZIMMER HOLDINGS INC		2013-10-09	2014-11-20
	35. AMDOCS LTD ORD		2010-10-27	2014-11-20
	1. ARCH CAPITAL GROUP LTD		2009-08-12	2014-11-20
	30. AXIS CAPITAL HOLDINGS LTD		2012-06-06	2014-11-20
	48. BUNGE LIMITED		2013-10-09	2014-11-20
	10. ENDURANCE SPECIALTY HOLDINGS LTD		2012-07-25	2014-11-20
	18. SEAGATE TECHNOLOGY		2011-07-14	2014-11-20
	15. SIGNET JEWELERS LTD		2013-10-09	2014-11-20
	23. CHECKPOINT SOFTWARE TECHNOLOGY COMMON		2009-08-12	2014-11-20
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	150,000	151,601	-1,601
b	2,014	1,087	927
c	2,282	2,070	212
d	8,690	7,351	1,339
e	3,203	1,601	1,602
	5,449	6,022	-573
	2,114	1,526	588
	1,648	4,097	-2,449
	2,159	189	1,970
	2,416	1,270	1,146
	150,000	153,129	-3,129
	5	5
	15,043	13,924	1,119
	8,079	4,849	3,230
	5,966	5,534	432
	16,404	8,241	8,163
	67,005	65,705	1,300
	167,050	167,113	-63
	4,660	2,006	2,654
	6,530	3,393	3,137
	2,253	2,183	70
	6,570	8,554	-1,984
	6,417	5,327	1,090
	15,950	11,488	4,462
	1,985	2,002	-17
	8,180	5,340	2,840
	4,543	5,752	-1,209
	7,234	7,168	66
	46,642	49,939	-3,297
	4,543	6,701	-2,158
	4,358	5,485	-1,127
	24,703	22,578	2,125
	6,314	5,631	683
	1,178	1,983	-805
	1,359	2,309	-950
	2,411	2,428	-17
	2,083	2,302	-219
	1,736	2,165	-429
	19,449	9,702	9,747
	2,373	2,143	230
	6,861	5,663	1,198
	19,905	16,447	3,458
	3,456	982	2,474
	5,383	1,898	3,485
	7,003	7,059	-56
	5,504	6,664	-1,160
	4,225	2,029	2,196
	4,332	896	3,436
	5,253	7,456	-2,203
	3,740	1,764	1,976
	9,130	2,854	6,276
	10,695	12,222	-1,527
	3,057	1,784	1,273
	11,833	9,622	2,211
	4,223	6,365	-2,142
	4,547	10,187	-5,640
	2,441	2,981	-540
	4,423	2,888	1,535
	25,484	23,969	1,515
	24,054	12,007	12,047
	16,506	13,302	3,204
	5,692	4,275	1,417
	2,080	2,890	-810
	3,004	3,035	-31
	427	251	176
	6,342	2,897	3,445
	990	674	316
	3,305	2,810	495
	5,057	3,633	1,424
	284	143	141
	2,222	1,321	901
	14,847	9,786	5,061
	3,640	841	2,799
	3,159	2,390	769
	18,290	12,457	5,833
	2,233	1,346	887
	2,856	2,147	709
	1,696	1,286	410
	942	401	541
	1,092	585	507
	919	1,220	-301
	2,392	1,470	922
	725	415	310
	1,911	2,183	-272
	789	553	236
	1,418	1,234	184
	1,122	759	363
	2,098	1,650	448
	3,806	1,845	1,961
	1,958	1,617	341
	9,620	10,428	-808
	3,627	1,960	1,667
	427	197	230
	1,167	1,070	97
	5,188	2,286	2,902
	1,853	3,034	-1,181
	7,539	6,309	1,230
	42,913	36,338	6,575
	1,917	2,621	-704
	1,330	595	735
	19,204	24,266	-5,062
	2,433	1,436	997
	2,473	1,468	1,005
	2,635	1,661	974
	5,545	3,348	2,197
	4,435	5,158	-723
	7,630	7,349	281
	715	523	192
	2,548	1,973	575
	160	101	59
	2,396	2,446	-50
	1,001	527	474
	6,385	4,888	1,497
	7,308	6,982	326
	10,737	2,598	8,139
	2,176	1,609	567
	3,470	3,796	-326
	717	438	279
	3,467	2,082	1,385
	636	635	1
	1,479	2,014	-535
	1,255	965	290
	3,406	2,334	1,072
	3,797	1,927	1,870
	880	616	264
	2,602	2,744	-142
	1,829	3,337	-1,508
	3,327	2,942	385
	2,008	1,393	615
	2,470	2,446	24
	4,070	2,830	1,240
	2,693	2,543	150
	727	464	263
	2,260	1,471	789
	2,490	1,749	741
	822	892	-70
	533	468	65
	1,652	2,265	-613
	2,615	2,328	287
	2,692	1,073	1,619
	2,192	1,414	778
	21,484	12,494	8,990
	1,070	1,334	-264
	8,156	5,353	2,803
	1,164	914	250
	1,564	1,128	436
	768	418	350
	6,380	5,362	1,018
	400	330	70
	3,437	2,005	1,432
	6,422	3,533	2,889
	1,472	1,065	407
	1,246	392	854
	1,803	1,691	112
	882	633	249
	3,135	2,238	897
	16,641	17,735	-1,094
	783	628	155
	2,196	513	1,683
	10,676	7,404	3,272
	4,088	3,586	502
	3,393	1,902	1,491
	2,200	2,095	105
	4,251	1,807	2,444
	8,854	6,970	1,884
	3,015	2,895	120
	6,602	4,430	2,172
	3,751	3,286	465
	349	777	-428
	173	123	50
	1,956	502	1,454
	3,518	2,648	870
	1,407	433	974
	607	571	36
	2,755	1,354	1,401
	288	467	-179
	8,062	5,799	2,263
	5,144	3,472	1,672
	5,165	3,138	2,027
	1,900	547	1,353
	3,091	490	2,601
	14,505	5,521	8,984
	2,623	2,401	222
	4,651	3,178	1,473
	4,550	4,036	514
	2,449	877	1,572
	2,994	2,046	948
	919	549	370
	417	386	31
	2,162	2,063	99
	4,388	2,225	2,163
	5,053	3,428	1,625
	2,644	2,127	517
	690	642	48
	3,195	2,463	732
	1,665	1,045	620
	57	21	36
	1,492	976	516
	4,363	3,741	622
	576	351	225
	1,175	304	871
	1,818	1,049	769
	1,759	629	1,130
			9,911

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			-1,601
b			927
c			212
d			1,339
e			1,602
			-573
			588
			-2,449
			1,970
			1,146
			-3,129

			1,119
			3,230
			432
			8,163
			1,300
			-63
			2,654
			3,137
			70
			-1,984
			1,090
			4,462
			-17
			2,840
			-1,209
			66
			-3,297
			-2,158
			-1,127
			2,125
			683
			-805
			-950
			-17
			-219
			-429
			9,747
			230
			1,198
			3,458
			2,474
			3,485
			-56
			-1,160
			2,196
			3,436
			-2,203
			1,976
			6,276
			-1,527
			1,273
			2,211
			-2,142
			-5,640
			-540
			1,535
			1,515
			12,047
			3,204
			1,417
			-810
			-31
			176
			3,445
			316
			495
			1,424
			141
			901
			5,061
			2,799
			769
			5,833
			887
			709
			410
			541
			507
			-301
			922
			310
			-272
			236
			184
			363
			448
			1,961
			341
			-808
			1,667
			230
			97
			2,902
			-1,181
			1,230
			6,575
			-704
			735
			-5,062
			997
			1,005
			974
			2,197
			-723
			281
			192
			575
			59
			-50
			474
			1,497
			326
			8,139
			567
			-326
			279
			1,385
			1
			-535
			290
			1,072
			1,870
			264
			-142
			-1,508
			385
			615
			24
			1,240
			150
			263
			789
			741
			-70
			65
			-613
			287
			1,619
			778
			8,990
			-264
			2,803
			250
			436
			350
			1,018
			70
			1,432
			2,889
			407
			854
			112
			249
			897
			-1,094
			155
			1,683
			3,272
			502
			1,491
			105
			2,444
			1,884
			120
			2,172
			465
			-428
			50
			1,454
			870
			974
			36
			1,401
			-179
			2,263
			1,672
			2,027
			1,353
			2,601
			8,984
			222
			1,473
			514
			1,572
			948
			370
			31
			99
			2,163
			1,625
			517
			48
			732
			620
			36
			516
			622
			225
			871
			769
			1,130

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	204,201
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see 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	192,678	4,047,266	0.047607
2011	187,907	3,925,474	0.047869
2010	97,300	3,936,619	0.024717
2009	113,896	3,697,124	0.030807
2008	134,310	3,324,555	0.040399

2	Total of line 1, column (d) ......................	2	0.191399
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	0.03828
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	4,151,537
5	Multiply line 4 by line 3.......................	5	158,921
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,505
7	Add lines 5 and 6.........................	7	161,426
8	Enter qualifying distributions from Part XII, line 4..............	8	200,430
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)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,505
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	2,505
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,505
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	1,956
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,956
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	549
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING AND TRUST
C/O WEALTH MANAGMENT Telephone no. bullet

(910) 914-9108

Located at bullet

130 APPLECROSS RDPINEHURSTNC ZIP+4 bullet

28374

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 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)

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

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2013?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2013, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2013?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

If "Yes," did it have excess business holdings in 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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (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
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 20	52,875
130 APPLECROSS RD PINEHURST,NC28374	TRUSTEE 20	52,875

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
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)

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


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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

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

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

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

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

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

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

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

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

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

207,577

Tax on investment income for 2013 from Part VI, line 5......

2,505

Income tax for 2013. (This does not include the tax from Part VI.)...

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

2,505

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

205,072

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

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

205,072

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

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

line 1................................

205,072

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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)

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					205,072
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......				200,409
b Total for prior years:2011, 20, 20			0
3 Excess distributions carryover, if any, to 2013:
a From 2008.......	0
b From 2009.......	0
c From 2010.......	0
d From 2011.......	0
e From 2012.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2013 from Part
XII, line 4: $ 200,430
a Applied to 2012, but not more than line 2a				200,409
b Applied to undistributed income of prior years (Election required—see instructions)......			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2013 distributable amount.....					21
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2013.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2012. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2013. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2014 ..........					205,051
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2008 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2009....	0
b Excess from 2010....	0
c Excess from 2011....	0
d Excess from 2012....	0
e Excess from 2013....	0

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2013	(b) 2012	(c) 2011	(d) 2010	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number 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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CATHOLIC DIOCESE OF RALEIGH 7200 STONEHENGE DRIVE RALEIGH,NC27613	CHARITY	EXEMPT	GENERAL FUNDS	96,455
PARISH COUNCIL OF THE SACRED HEART CHURCH PO BOX 1208 HAMLET,NC28345	CHARITY	EXEMPT	GENERAL FUNDS	7,500
CATHOLIC DIOCESE OF CHARLOTTE P O BOX 36776 CHARLOTTE,NC28203	CHARITY	EXEMPT	GENERAL FUNDS	96,455
Total ................................. 3a				200,410

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	16,309
4 Dividends and interest from securities....			14	85,737
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 .............			18	204,201
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aHUGH MCRAE LAND TR			14	4
bTOYOTA LITIGATION			14	65
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				306,316

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

13306,316

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2013)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2013 OtherDecreasesSchedule

Name:

HORNE ELIZABETH D

EIN: 56-6355985

Description	Amount
MUTUAL FUND REPORTED VS RECEIVED	190

- TIN:

TY 2013 OtherExpensesSchedule

Name:

HORNE ELIZABETH D

EIN: 56-6355985

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSES - 2%	512	512		0

- TIN:

TY 2013 OtherIncomeSchedule2

Name:

HORNE ELIZABETH D

EIN: 56-6355985

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
HUGH MCRAE LAND TR	4	4
TOYOTA LITIGATION SETTLEMENT PROCEEDS	65	65

- TIN:

TY 2013 OtherIncreasesSchedule

Name:

HORNE ELIZABETH D

EIN: 56-6355985

Description	Amount
HUGH MCRAE LAND TRUST ADJUSTMENT	180
ROUNDING	15

- TIN:

TY 2013 OtherProfessionalFeesSchedule

Name:

HORNE ELIZABETH D

EIN: 56-6355985

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	20			20

- TIN:

TY 2013 TaxesSchedule

Name:

HORNE ELIZABETH D

EIN: 56-6355985

Category	Amount	Net Investment Income
FOREIGN TAXES	2,376	2,376
FEDERAL TAX PAYMENT - PRIOR YE	310	0
FEDERAL ESTIMATES - PRINCIPAL	1,956	0
FOREIGN TAXES ON NONQUALIFIED	75	75