TY 2014 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.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
ROBERT ADDISON SCHOOLFIELD MEMORIAL FUND

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 191 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DANVILLE, VA245410191

A Employer identification number

51-0250919

B Telephone number (see instructions)

(434) 792-5111

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

$5,502,317J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	22		22
4	Dividends and interest from securities......	152,438		152,438
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		696,424
b	Gross sales price for all assets on line 6a 2,967,823
7	Capital gain net income (from Part IV, line 2)...			696,424
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		2,289	2,289
12	Total. Add lines 1 through 11........	851,173		851,173
13	Compensation of officers, directors, trustees, etc.	27,281		16,369	10,912
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		1,724	0	1,724
b	Accounting fees (attach schedule).......		1,575	0	1,575
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,149	946	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	33,729		17,315	14,211
25	Contributions, gifts, grants paid........	675,616			675,616
26	Total expenses and disbursements. Add lines 24 and 25	709,345		17,315	689,827
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	141,828
b	Net investment income (if negative, enter -0-)			833,858
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	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...............
	2	Savings and temporary cash investments..........	314,629	340,258	340,258
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	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)........	2,464,598	2,557,161	3,494,332
	c	Investments—corporate bonds (attach schedule)........	1,649,379	1,673,015	1,667,727
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	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)	4,428,606	4,570,434	5,502,317
	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	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.........	4,428,606	4,570,434
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see instructions)......	4,428,606	4,570,434
	31	Total liabilities and net assets/fund balances (see instructions)..	4,428,606	4,570,434

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	4,428,606
2	Enter amount from Part I, line 27a.....................	2	141,828
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	4,570,434
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,570,434

Form 990-PF (2014)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	ENSCO PLC		2014-07-07	2014-12-22
b	ENSCO PLC		2014-11-06	2014-12-22
c	ENSCO PLC		2014-11-26	2014-12-22
d	BHP BILLITON		2014-07-07	2014-12-22
e	CDK GLOBAL INC		2014-07-07	2014-12-15
	CDK GLOBAL INC		2014-07-07	2014-12-22
	DARDEN RESTAURANTS INC		2014-07-07	2014-12-16
	DOW CHEMICAL		2014-07-07	2014-12-22
	EMERSON ELECTRIC CO		2014-07-07	2014-12-22
	FHLB 2%		2014-04-22	2014-08-21
	FHLM STEP RATE		2014-04-24	2014-10-24
	ETF 1 -3 YR CREDIT BOND FUND		2014-01-13	2014-08-22
	MDU RES GROUP INC		2014-09-19	2014-12-22
	MCDONALDS CORP		2014-07-07	2014-12-22
	SPECTRA ENERGY CORP		2014-07-07	2014-12-22
	VERIZON COMMUNICATIONS INC		2014-07-07	2014-12-22
	AVX CORP		2012-08-28	2014-09-19
	AVX CORP		2012-09-25	2014-09-19
	AVX CORP		2012-10-04	2014-09-19
	AVX CORP		2012-10-11	2014-09-19
	AVX CORP		2012-10-26	2014-09-19
	AVX CORP		2012-11-13	2014-09-19
	ABBOTT LABORATORIES		2009-05-29	2014-07-07
	ABBOTT LABORATORIES		2009-06-08	2014-07-07
	ABBOTT LABORATORIES		2009-08-03	2014-07-07
	ABBVIE INC		2009-05-29	2014-07-07
	ABBVIE INC		2009-05-29	2014-07-07
	APACHE CORP		2013-04-04	2014-07-07
	APPLIED MATERIALS INC		2009-06-12	2014-01-14
	APPLIED MATERIALS INC		2009-06-18	2014-07-03
	APPLIED MATERIALS INC		2009-06-12	2014-07-03
	BP PLC		2012-08-17	2014-07-07
	BP PLC		2012-08-17	2014-09-19
	BP PLC		2012-08-28	2014-09-19
	BP PLC		2012-09-25	2014-09-19
	BARCLAY'S BANK 2.5%		2010-10-25	2014-07-01
	BERKSHIRE HATHAWAY INC		2009-12-09	2014-07-07
	BLCKROCK INC 3.5%		2009-12-08	2014-12-10
	BLACKROCK INC		2010-07-16	2014-07-07
	CAMPBELL SOUP COMPANY		2012-01-13	2014-07-07
	CHEVRON CORPORATION		2000-03-02	1970-07-01
	CONOCOPHILLIPS		2011-08-23	2014-07-07
	CONOCOPHILLIPS		2011-05-23	2014-07-07
	CONOCOPHILLIPS		2011-05-04	2014-07-07
	DEVON ENERGY CORP		2012-08-28	2014-07-07
	DEVON ENERGY CORP		2013-06-06	2014-07-07
	DEVON ENERGY CORP		2012-09-25	2014-07-07
	DEVON ENERGY CORP		2013-03-13	2014-07-07
	DUKE ENERGY CORP		2010-05-25	2014-01-13
	DUKE ENERGY CORP		2009-06-08	2014-01-13
	DUKE ENERGY CORP		2009-06-08	2014-11-06
	EXXON MOBIL CORP		2010-01-28	2014-07-07
	FLUOR CORP		2009-06-08	2014-07-07
	INTERNATIONAL BUSINESS MACHINES		2000-03-02	2014-01-13
	ISHARES INTERMED GOVT/CREDIT BOND		2010-03-17	2014-01-13
	J P MORGAN CHASE 5.125%		2009-09-17	2014-09-15
	ELI LILLY & CO.		2009-12-09	2014-07-07
	ELI LILLY & CO.		2010-05-25	2014-07-07
	LOEWS CORP		2012-07-10	2014-07-03
	MATTHEWS ASIAN PACIFIC TIGER FUND		2007-03-07	2014-01-13
	MICROSOFT CORP		2000-03-02	2014-01-13
	MONSANTO COMPANY		2009-07-09	2014-07-07
	MONSANTO COMPANY		2009-06-11	2014-07-07
	MONSANTO COMPANY		2009-06-11	2014-07-07
	MOSAIC CO		2012-04-11	2014-12-22
	MOSAIC CO		2013-08-08	2014-12-22
	NATIONAL OILWELL VARCO INC		2010-03-11	2014-01-13
	NATIONAL OILWELL VARCO INC		2010-03-11	2014-07-07
	NATIONAL OILWELL VARCO INC		2010-06-29	2014-07-07
	NOW INC		2010-03-11	2014-07-09
	NOW INC		2010-06-29	2014-07-09
	NUCOR		2009-07-09	2014-01-13
	NUCOR		2010-01-28	2014-01-13
	PFIZER INC		2000-03-02	2014-01-13
	PHILLIP MORRIS INTL INC		2000-03-02	2014-01-13
	PRINCIPAL LIFE INC 5.1%		2008-04-15	2014-04-15
	PROCTER & GAMBLE CO		2012-07-10	2014-07-07
	PROCTER & GAMBLE CO		2000-03-02	2014-07-07
	PROCTER & GAMBLE CO		2009-07-15	2014-07-07
	QUALCOMM INC		2002-11-14	2014-01-13
	RANGE RESOURCES CORP		2010-10-07	2014-07-07
	ROYAL DUTCH SHELL PLC		2012-02-14	2014-07-07
	ROYAL DUTCH SHELL PLC		2012-03-27	2014-07-07
	SCANA CORP		2009-07-09	2014-07-07
	SCANA CORP		2009-07-09	2014-09-19
	SCANA CORP		2011-03-01	2014-09-19
	SYSCO CORP		2009-05-29	2014-07-07
	SYSCO CORP		2009-06-08	2014-07-07
	TEVA PHARMACEUTICAL		2013-03-13	2014-07-07
	TEVA PHARMACEUTICAL		2013-03-06	2014-07-07
	TEVA PHARMACEUTICAL		2012-07-06	2014-07-07
	UNITED TECHNOLOGIES CORP		2006-03-09	2014-01-13
	UNITED TECHNOLOGIES CORP		2009-06-11	2014-07-07
	UNITED TECHNOLOGIES CORP		2009-06-08	2014-07-07
	UNITED TECHNOLOGIES CORP		2006-03-09	2014-07-07
	UNIVERSAL CORP		2011-03-24	2014-01-13
	WALMART STORES		2011-09-13	2014-07-07
	WALGREEN CO		2010-06-11	2014-01-13
	WALGREEN CO		2012-06-20	2014-07-07
	WALGREEN CO		2011-12-08	2014-07-07
	HCP INC - UNRECAPTURED SECTION 1250 GAIN	P
	CAPITAL GAINS 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	31,904	54,654	-22,750
b	52,323	67,436	-15,113
c	2,171	2,632	-461
d	34,749	55,396	-20,647
e	13	10	3
	7,253	5,492	1,761
	66,865	55,111	11,754
	31,371	35,563	-4,192
	51,098	55,608	-4,510
	25,000	25,000	0
	25,000	24,962	38
	21,070	21,106	-36
	43,749	55,149	-11,400
	51,506	54,988	-3,482
	47,260	55,181	-7,921
	105,138	111,115	-5,977
	26,896	20,720	6,176
	13,448	10,060	3,388
	13,448	9,520	3,928
	13,448	9,563	3,885
	13,448	9,620	3,828
	26,896	20,200	6,696
	12,453	6,423	6,030
	20,755	10,698	10,057
	29,056	14,934	14,122
	28,776	11,602	17,174
	4,201	1,695	2,506
	49,549	37,410	12,139
	17,280	11,190	6,090
	22,769	10,890	11,879
	22,770	11,190	11,580
	21,808	17,750	4,058
	27,143	25,020	2,123
	46,399	42,160	4,239
	23,200	21,810	1,390
	51,127	50,000	1,127
	25,719	13,127	12,592
	100,000	100,684	-684
	41,391	19,482	21,909
	31,324	22,422	8,902
	156,204	45,052	111,152
	48,090	27,399	20,691
	25,808	16,315	9,493
	43,014	28,050	14,964
	39,166	30,130	9,036
	39,166	27,920	11,246
	19,583	15,075	4,508
	19,583	13,948	5,635
	8,817	6,142	2,675
	11,529	6,913	4,616
	3,814	1,911	1,903
	51,144	32,460	18,684
	38,999	25,330	13,669
	55,754	30,071	25,683
	54,945	53,399	1,546
	100,000	105,440	-5,440
	31,214	18,290	12,924
	11,362	5,884	5,478
	21,990	20,125	1,865
	19,531	18,000	1,531
	17,805	23,106	-5,301
	43,844	25,452	18,392
	12,527	8,575	3,952
	6,263	4,288	1,975
	23,011	25,040	-2,029
	23,011	21,110	1,901
	19,332	10,980	8,352
	20,762	9,903	10,859
	41,524	15,133	26,391
	2,182	1,077	1,105
	4,364	1,646	2,718
	10,474	8,416	2,058
	5,237	4,125	1,112
	15,465	16,025	-560
	33,028	2,726	30,302
	25,000	24,950	50
	20,030	15,465	4,565
	4,005	2,176	1,829
	16,024	10,858	5,166
	11,086	2,737	8,349
	42,074	18,720	23,354
	41,074	36,475	4,599
	2,136	1,855	281
	23,209	14,122	9,087
	2,926	1,853	1,073
	50,449	40,220	10,229
	18,444	11,905	6,539
	4,427	2,840	1,587
	27,009	20,345	6,664
	16,205	11,607	4,598
	10,804	7,910	2,894
	28,415	14,350	14,065
	2,411	1,180	1,231
	45,919	22,232	23,687
	11,480	5,740	5,740
	26,851	21,630	5,221
	38,044	25,740	12,304
	30,409	14,740	15,669
	36,779	14,530	22,249
	73,559	34,190	39,369
	28		28
	710		710

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			-22,750
b			-15,113
c			-461
d			-20,647
e			3
			1,761
			11,754
			-4,192
			-4,510
			0
			38
			-36
			-11,400
			-3,482
			-7,921
			-5,977
			6,176
			3,388
			3,928
			3,885
			3,828
			6,696
			6,030
			10,057
			14,122
			17,174
			2,506
			12,139
			6,090
			11,879
			11,580
			4,058
			2,123
			4,239
			1,390
			1,127
			12,592
			-684
			21,909
			8,902
			111,152
			20,691
			9,493
			14,964
			9,036
			11,246
			4,508
			5,635
			2,675
			4,616
			1,903
			18,684
			13,669
			25,683
			1,546
			-5,440
			12,924
			5,478
			1,865
			1,531
			-5,301
			18,392
			3,952
			1,975
			-2,029
			1,901
			8,352
			10,859
			26,391
			1,105
			2,718
			2,058
			1,112
			-560
			30,302
			50
			4,565
			1,829
			5,166
			8,349
			23,354
			4,599
			281
			9,087
			1,073
			10,229
			6,539
			1,587
			6,664
			4,598
			2,894
			14,065
			1,231
			23,687
			5,740
			5,221
			12,304
			15,669
			22,249
			39,369
			28
			710

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	696,424
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 instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	720,159	5,523,935	0.130371
2012	747,075	5,762,279	0.129649
2011	818,512	6,096,567	0.134258
2010	481,797	5,962,862	0.080800
2009	776,718	5,633,353	0.137878

2	Total of line 1, column (d) ......................	2	0.612956
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	0.122591
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	5,360,073
5	Multiply line 4 by line 3.......................	5	657,097
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	8,339
7	Add lines 5 and 6.........................	7	665,436
8	Enter qualifying distributions from Part XII, line 4..............	8	689,827
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

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	8,339
	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	8,339
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	8,339
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	4,080
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	4,080
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	4,259
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 2015 estimated tax	Refunded	11

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 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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

N/A

The books are in care of bullet

AMERICAN NATINAL BANK TRUST CO Telephone no. bullet

(434) 792-5111

Located at bullet

PO BOX 191DANVILLEVA ZIP+4 bullet

245430191

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 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

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 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 2014?.............

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 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............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 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

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 2014?

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 4945(d)(4)(A)? (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 (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
AMERICAN NATIONAL BANK TRUST CO	SUCCESSOR CO-TRUSTEE 40.00	27,281	0	0
PO BOX 191 DANVILLE,VA245430191	SUCCESSOR CO-TRUSTEE 40.00	27,281	0	0

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 (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... 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...................

5,306,893

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

134,805

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

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

5,441,698

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.........................

5,441,698

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

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

81,625

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

5,360,073

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

268,004

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....................

268,004

Tax on investment income for 2014 from Part VI, line 5......

8,339

Income tax for 2014. (This does not include the tax from Part VI.)...

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

8,339

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

259,665

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

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

259,665

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

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

259,665

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 ..........

689,827

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

689,827

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).................

8,339

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

681,488

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					259,665
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	439,110
b From 2010.......	188,580
c From 2011.......	521,930
d From 2012.......	470,729
e From 2013.......	452,048
fTotal of lines 3a through e.........		2,072,397
4Qualifying distributions for 2014 from Part
XII, line 4: $ 689,827
a Applied to 2013, but not more than line 2a					0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....					259,665
e Remaining amount distributed out of corpus		430,162
5 Excess distributions carryover applied to 2014.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		2,502,559
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		439,110
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		2,063,449
10 Analysis of line 9:
a Excess from 2010....	188,580
b Excess from 2011....	521,930
c Excess from 2012....	470,729
d Excess from 2013....	452,048
e Excess from 2014....	430,162

Form 990-PF (2014)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in 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) 2014	(b) 2013	(c) 2012	(d) 2011	(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 or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
EPISCOPAL CHURCH OF THE EPIPHANY 115 JEFFERSON AVENUE DANVILLE,VA24541	NONE	CHURCH	FOR GENERAL OPERATIONS OF THE CHURCH	675,616
Total ................................. 3a				675,616

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(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	22
4 Dividends and interest from securities....			14	152,438
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....			14	2,289
8 Gain or (loss) from sales of assets other than inventory .............			18	696,424
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		851,173	0

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

13851,173

(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 (2014)

Page 13

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) 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 (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name: