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
ARNOLDARTHUR-TUW CO BB&T TRUSTEE

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

55-6018517

B Telephone number (see instructions)

(919) 716-9045

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

$1,416,041J 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
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	43,811		43,811
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		53,145
b	Gross sales price for all assets on line 6a 948,357
7	Capital gain net income (from Part IV, line 2)...			53,145
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).......		232	232
12	Total. Add lines 1 through 11........	97,188		97,188
13	Compensation of officers, directors, trustees, etc.	12,179		12,179
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).......		1,000			1,000
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,722	1,207		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).......		159	159
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	15,060		13,545	0	1,000
25	Contributions, gifts, grants paid........	75,000				75,000
26	Total expenses and disbursements. Add lines 24 and 25	90,060		13,545	0	76,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	7,128
b	Net investment income (if negative, enter -0-)			83,643
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	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...............	99	589	589
	2	Savings and temporary cash investments..........	83,610	23,860	23,860
	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)
	b	Investments—corporate stock (attach schedule)........	520,310	589,176	635,498
	c	Investments—corporate bonds (attach schedule)........	613,683	614,919	612,807
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	152,275	148,547	143,287
	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)	1,369,977	1,377,091	1,416,041
	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.........	1,369,977	1,377,091
	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 instructions)......	1,369,977	1,377,091
	31	Total liabilities and net assets/fund balances (see instructions)..	1,369,977	1,377,091

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	1,369,977
2	Enter amount from Part I, line 27a.....................	2	7,128
3	Other increases not included in line 2 (itemize)	3	198
4	Add lines 1, 2, and 3..........................	4	1,377,303
5	Decreases not included in line 2 (itemize)	5	212
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,377,091

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	437.423 ABERDEEN EQUITY LONG SHORT FUND INST CL			2014-01-13
b	229.991 ABERDEEN EQUITY LONG SHORT FUND INST CL			2014-01-13
c	44.266 AVENUE CREDIT STRATEGIES FUND		2013-06-19	2014-01-13
d	20. BG GROUP PLC SPON ADR		2012-04-02	2014-01-13
e	10. BNP PARIBAS ADR COM		2011-07-01	2014-01-13
	10. BARCLAYS PLC PLC ADR		2011-08-22	2014-01-13
	40. BERRY PLASTICS GROUP IN COMMON		2013-06-19	2014-01-13
	50. CADENCE DESIGN SYS INC COM RTS EXP 02/09/2006		2011-10-03	2014-01-13
	5. CHEVRON TEXACO CORP COMMON		2009-05-04	2014-01-13
	10. COGNEX COMMON		2013-05-06	2014-01-13
	20. COMCAST CORP NEW CL A			2014-01-13
	10. COMERICA INC COM RT EXPS 07/01/2006		2012-02-10	2014-01-13
	238.248 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-01-13
	20.903 DRIEHAUS SELECT CREDIT FUND EXEMPT FOR C		2013-06-19	2014-01-13
	98.505 FORWARD INTERNATIONAL SMALL COMPANIES FD		2011-07-01	2014-01-13
	10. GIVAUDAN SA UNSPON ADR		2013-05-06	2014-01-13
	10. GIVAUDAN SA UNSPON ADR		2012-08-08	2014-01-13
	953.843 HIGHLAND LONG/SHORT EQUITY FUND CL Z FUN			2014-01-13
	49.803 HIGHLAND LONG/SHORT EQUITY FUND CL Z FUN			2014-01-13
	10. IMPERIAL OIL LTD COMMON		2011-07-01	2014-01-13
	60. INTEL CORP			2014-01-13
	10. MSC INDUSTRIAL DIRECT INC CLASS A COMMON		2013-12-02	2014-01-13
	268.797 MAINSTAY MARKETFIELD FUND-I			2014-01-13
	258.406 MAINSTAY MARKETFIELD FUND-I			2014-01-13
	65. MICROSOFT CORP			2014-01-13
	10. MUENCHER RUECK-GESELL AG ADR		2013-08-09	2014-01-13
	30. MUENCHER RUECK-GESELL AG ADR			2014-01-13
	10. NETSUITE INC COMMON		2013-03-21	2014-01-13
	699.098 PIMCO LOW DURATION FUND		2013-09-12	2014-01-13
	10. QUALCOMM INC COMMON		2013-05-06	2014-01-13
	10. QUALCOMM INC COMMON			2014-01-13
	10. RYANAIR HOLDINGS PLC COMMON		2012-10-01	2014-01-13
	10. SM ENERGY COMPANY COMMON		2013-10-21	2014-01-13
	170.021 GUGGENHEIM FLOAT RATE SRATEGIES FD NAME&		2013-12-02	2014-01-13
	670.14 STERLING CAPITAL CORPORATE FUND-I		2011-07-06	2014-01-13
	78.708 STERLING CAPITAL INTERMEDIATE U.S. GOVERNMENT FUND INST CL FUND		2009-05-06	2014-01-13
	40. TESCO PLC SPONS ADR		2012-10-01	2014-01-13
	10. 3D SYSTEMS CORP COMMON		2013-08-06	2014-01-13
	10. TIME WARNER CABLE INC COMMON		2013-02-15	2014-01-13
	576.023 TURNER SPECTRUM FUND INST CL FUND # 3311			2014-01-13
	481.61 TURNER SPECTRUM FUND INST CL FUND # 3311			2014-01-13
	140. UNIVERSAL AMERICAN FINANCIAL CORP COMMON		2012-02-10	2014-01-13
	214.006 WASATCH 1ST SOURCE LONG/SHORT FUND # 9			2014-01-13
	318.405 WASATCH 1ST SOURCE LONG/SHORT FUND # 9			2014-01-13
	10. WESCO INTERNATIONAL INC COMMON		2013-12-02	2014-01-13
	50. YUE YUEN INDUSTRIAL UNSPONS ADR			2014-01-13
	4. ATHENAHEALTH INC COMMON		2013-03-21	2014-01-31
	10. BAIDU INC		2013-06-19	2014-01-31
	2. BLACKROCK INC COMMON		2012-08-08	2014-01-31
	4. BLACKROCK INC COMMON			2014-01-31
	10. CELLDEX THERAPEUTICS INC COMMON		2014-01-13	2014-01-31
	21.767 COHEN & STEERS REALTY SHARES INSTITUTION		2011-07-01	2014-01-31
	4100.424 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-01-31
	30. FOOT LOCKER INC. COMMON			2014-01-31
	10. GENERAL ELECTRIC CO COM STK		2012-05-15	2014-01-31
	372.028 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO			2014-01-31
	12.077 ALTEGRIS MACRO STRATEGY FUND-I		2012-02-10	2014-01-31
	204.493 OPPENHEIMER DEVELOPING MARKETS FUND CL Y		2011-07-01	2014-01-31
	5201.383 PIMCO LOW DURATION FUND		2013-09-12	2014-01-31
	126.959 PIMCO PIMS FOREIGN BOND FUND		2012-10-01	2014-01-31
	20. PETROLEO BRASILEIRO SA PETROBRAS COMMON			2014-01-31
	40. PETROLEO BRASILEIRO SA PETROBRAS COMMON		2012-12-21	2014-01-31
	20. PLUM CREEK TIMBER CO COMMON		2011-12-02	2014-01-31
	282.3 STERLING CAPITAL INTERMEDIATE U.S. GOVERNMENT FUND INST CL FUND		2009-05-06	2014-01-31
	6. COPA HOLDINGS SA		2014-01-13	2014-01-31
	10. ALLIANZ AG-ADR COM		2011-07-01	2014-03-19
	30. ANN INC. COMMON		2013-02-15	2014-03-19
	30. ARRIS GROUP INC COMMON		2014-01-31	2014-03-19
	30. ARUBA NETWORKS INC COMMON		2013-03-21	2014-03-19
	6. ATHENAHEALTH INC COMMON		2013-03-21	2014-03-19
	10. AUXILIUM PHARMACEUTICALS INC. COMMON		2014-01-13	2014-03-19
	20. AVNET INCORPORATED		2014-01-13	2014-03-19
	30. BROWN & BROWN INC COMMON		2013-08-09	2014-03-19
	4. CNOOC LTD - ADR			2014-03-19
	2. CNOOC LTD - ADR		2012-06-26	2014-03-19
	10. CASEY'S GENERAL STORES, INC. COMMON		2011-07-01	2014-03-19
	10. CASEY'S GENERAL STORES, INC. COMMON		2014-01-31	2014-03-19
	180.693 COHEN & STEERS REALTY SHARES INSTITUTION		2011-07-01	2014-03-19
	389.508 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-03-19
	10. EAGLE MATERIALS INC COMMON		2013-06-19	2014-03-19
	10. FEI COMPANY COMMON		2013-06-19	2014-03-19
	10. FOSSIL GROUP, INC. COMMON		2013-02-15	2014-03-19
	121.573 FORWARD INTERNATIONAL SMALL COMPANIES FD		2011-07-01	2014-03-19
	10. GARTNER,INC COMMON		2011-08-22	2014-03-19
	40. GAZPROM			2014-03-19
	100. GAZPROM			2014-03-19
	80. GENERAL ELECTRIC CO COM STK		2012-05-15	2014-03-19
	10. KATE SPADE & CO COMMON		2013-02-15	2014-03-19
	63.72 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO N			2014-03-19
	30. LEUCADIA NATIONAL CORP COMMON			2014-03-19
	10. NOKIAN RENKAAT OYJ		2013-03-21	2014-03-19
	50. NOKIAN RENKAAT OYJ			2014-03-19
	20. OMNICOM GROUP INCORPORATED		2012-04-02	2014-03-19
	44.753 OPPENHEIMER DEVELOPING MARKETS FUND CL Y		2011-07-01	2014-03-19
	40. PIER 1 IMPORTS INCORPORATED COMMON		2013-10-21	2014-03-19
	30. RAYMOND JAMES FINANCIAL INC COMMON			2014-03-19
	60. ROGERS COMMUNICATIONS INC INC			2014-03-19
	10. ROLLS ROYCE PLC ADR			2014-03-19
	10. ROLLS ROYCE PLC ADR		2012-08-08	2014-03-19
	30. TARGET CORP COM			2014-03-19
	10. TARGET CORP COM		2013-03-21	2014-03-19
	30. TOTAL FINA ELF S A SPONSORED ADR			2014-03-19
	10. TRIMBLE NAV LTD		2012-02-24	2014-03-19
	20. UNITED NATURAL FOODS INC.		2011-10-03	2014-03-19
	10. VALSPAR CORP COMMON		2013-08-22	2014-03-19
	.04 VERIZON COMMUNICATIONS		2014-03-19	2014-03-27
	.636 VODAFONE GROUP PLC -SP ADR		2013-06-19	2014-03-27
	20. ACTUANT CORP CL A NEW		2011-10-03	2014-04-25
	10. ALASKA AIR GROUP INC COMMON		2013-12-02	2014-04-25
	20. ALIGN TECHNOLOGY INC COMMON		2012-02-10	2014-04-25
	10. ALLEGHENY TECHNOLOGIES INC		2013-05-06	2014-04-25
	10. ALLEGHENY TECHNOLOGIES INC		2012-10-01	2014-04-25
	30. AUXILIUM PHARMACEUTICALS INC. COMMON		2014-01-13	2014-04-25
	30. B&G FOODS INC COMMON		2012-08-08	2014-04-25
	80. BANCO BILBAO VIZCAYA - SP ADR COMMON			2014-04-25
	10. BE AEROSPACE INC COMMON		2013-02-15	2014-04-25
	20. CBOE HOLDINGS INC COMMON		2014-03-19	2014-04-25
	30. CELLDEX THERAPEUTICS INC COMMON		2014-01-13	2014-04-25
	20. CEPHEID INC COMMON		2012-06-26	2014-04-25
	20. CHARLES RIV LABORATORIES INTL INC COM		2013-02-15	2014-04-25
	30. CHEMTURA CORP COMMON		2012-12-21	2014-04-25
	20. COGENT COMMUNICATIONS GROUP COMMON		2013-12-02	2014-04-25
	20. COGNEX COMMON		2013-05-06	2014-04-25
	10. COMMVAULT SYSTEMS, INC COMMON		2012-12-21	2014-04-25
	10. CUBIST PHARMACEUTICALS		2014-01-31	2014-04-25
	20. DSW INC		2014-03-19	2014-04-25
	20. DEALERTRACK HOLDINGS INC COMMON		2012-12-21	2014-04-25
	10. DEMANDWARE INC COMMON		2014-03-19	2014-04-25
	10. WALT DISNEY COMPANY THE			2014-04-25
	15.753 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-04-25
	20. DUNKIN' BRANDS GROUP INC COMMON		2011-09-07	2014-04-25
	50. ENDOLOGIX, INC. COMMON		2014-01-13	2014-04-25
	10. GARTNER,INC COMMON		2011-08-22	2014-04-25
	20. GRAND CANYON EDUCATION, INC. COMMON		2014-03-19	2014-04-25
	5. GULFPORT ENERGY CORPORATION COMMON		2013-03-21	2014-04-25
	5. GULFPORT ENERGY CORPORATION COMMON		2013-06-19	2014-04-25
	30. HEALTHSOUTH CORP COMMON		2012-05-15	2014-04-25
	20. HEXCEL CORPORATION		2014-01-13	2014-04-25
	10. HUBBELL INCORPORATED CL B		2013-12-02	2014-04-25
	20. INSULET CORPORATION COMMON		2014-01-31	2014-04-25
	2. INTERCEPT PHARMACEUTICALS INC COMMON		2014-01-13	2014-04-25
	50. JDS UNIPHASE CORP COMMON		2013-03-21	2014-04-25
	20. JARDEN CORP COMMON		2013-10-21	2014-04-25
	10. JONES LANG LA SALLE INC		2014-01-31	2014-04-25
	20. KATE SPADE & CO COMMON		2013-02-15	2014-04-25
	30. LKQ CORP COMMON		2014-01-13	2014-04-25
	20. LPL FINANCIAL HOLDINGS INC COMMON		2014-01-31	2014-04-25
	22. LAM RESH CORP COMMON		2011-09-07	2014-04-25
	20. LAMAR ADVERTISING CO COMMON		2014-03-19	2014-04-25
	40. LOUISIANA PACIFIC CORP PAC CORP COMMON		2014-01-13	2014-04-25
	10. MSC INDUSTRIAL DIRECT INC CLASS A COMMON		2014-03-19	2014-04-25
	20. MAXIMUS INC		2014-01-13	2014-04-25
	30. MICROSEMI CORP		2014-01-13	2014-04-25
	4. MIDDLEBY CORP COMMON		2013-06-19	2014-04-25
	20. MOLINA HEALTHCARE INC COMMON		2013-08-09	2014-04-25
	20. NORDSON CORP		2014-01-13	2014-04-25
	10. OCEANEERING INTERNATIONAL INC		2013-09-12	2014-04-25
	10. OSHKOSH TRUCK B CL B		2013-02-15	2014-04-25
	20. OWENS CORNING COMMON			2014-04-25
	10. PHARMACYCLICS INC COMMON		2013-08-09	2014-04-25
	20. POLYONE CORP COM		2014-03-19	2014-04-25
	10. RED ROBIN GOURMET BURGERS INC		2014-03-19	2014-04-25
	10. ROCKWELL AUTOMATION INC.		2013-08-09	2014-04-25
	20. ROYAL DUTCH SHELL PLC SPONSORED			2014-04-25
	10. SIGNATURE BANK COMMON		2014-01-31	2014-04-25
	20. SIX FLAGS ENTERTAINMENT CORP COMMON		2012-10-01	2014-04-25
	20. A. O. SMITH CORPORATION CLASS B		2013-05-06	2014-04-25
	30. SWIFT TRANSPORTATION CO COMMON		2014-03-19	2014-04-25
	220. SYNOVUS FINL CORP		2013-10-21	2014-04-25
	30. TANGER FACTORY		2012-10-01	2014-04-25
	40. TAYLOR MORRISON HOME CORP COMMON A		2014-03-19	2014-04-25
	30. TECHNIP-COFLEXIP SA ADR			2014-04-25
	20. TENET HEALTHCARE CORP CORP COMMON		2014-01-13	2014-04-25
	20. TESCO PLC SPONS ADR			2014-04-25
	40. TESCO PLC SPONS ADR			2014-04-25
	30. TOTAL SYSTEM SERVICES, INC. COMMON		2013-08-22	2014-04-25
	6. TRANSDIGM GROUP INC COMMON		2013-02-15	2014-04-25
	20. TRIMBLE NAV LTD		2012-04-02	2014-04-25
	6. ULTIMATE SOFTWARE GRP COMMON		2013-03-21	2014-04-25
	10. UNILEVER N V NY SHS NEW F		2013-10-21	2014-04-25
	10. UNION PACIFIC CORP COMMON STO*			2014-04-25
	10. UNIVERSAL HEALTH SERVICES INC CL B		2014-01-13	2014-04-25
	10. VALSPAR CORP COMMON		2013-08-22	2014-04-25
	10. WABCO HOLDINGS INC COMMON		2014-01-13	2014-04-25
	20. WASTE CONNECTIONS COMMON		2012-04-02	2014-04-25
	10. WEX INC COMMON		2012-06-26	2014-04-25
	20. WHITING PETROLEUM CORP COMMON		2013-03-21	2014-04-25
	30. ALKERMES PLC		2012-04-02	2014-04-25
	20. ALLIANZ AG-ADR COM			2014-05-05
	240.092 AVENUE CREDIT STRATEGIES FUND			2014-05-05
	10. BG GROUP PLC SPON ADR		2012-04-02	2014-05-05
	10. BARCLAYS PLC PLC ADR		2011-08-22	2014-05-05
	21.661 COHEN & STEERS REALTY SHARES INSTITUTION		2011-07-01	2014-05-05
	9.123 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-05-05
	10. IMPERIAL OIL LTD COMMON		2011-07-01	2014-05-05
	10. IMPERIAL OIL LTD COMMON		2013-05-06	2014-05-05
	20. ITAU UNIBANCO BANCO MULTIPLO SA			2014-05-05
	60.48 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO N		2009-05-06	2014-05-05
	110.106 METROPOLITAN WEST TOTAL RETURN BOND FUND		2010-09-16	2014-05-05
	5. NOVARTIS AG SPONSORED ADR		2010-04-09	2014-05-05
	20.741 OPPENHEIMER DEVELOPING MARKETS FUND CL Y		2011-07-01	2014-05-05
	10. SASOL LTD SPONSORED ADR		2012-04-02	2014-05-05
	10. SUSSER HOLDINGS CORP COMMON			2014-05-05
	60. TESCO PLC SPONS ADR			2014-05-05
	2. UNION PACIFIC CORP COMMON STO*		2013-08-09	2014-05-05
	1. UNION PACIFIC CORP COMMON STO*		2012-10-01	2014-05-05
	278.215 AQR MANAGED FUTURES STRATEGY FUND INST C			2014-05-29
	177.412 AVENUE CREDIT STRATEGIES FUND			2014-05-29
	9.756 COHEN & STEERS REALTY SHARES INSTITUTION		2011-07-01	2014-05-29
	18.215 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-05-29
	223.869 DOUBLELINE TOTAL RETURN BOND FUND		2011-10-21	2014-05-29
	197.688 DRIEHAUS SELECT CREDIT FUND EXEMPT FOR C		2013-06-19	2014-05-29
	10. FRESENIUS USA INC ADR		2012-04-02	2014-05-29
	97.357 HOTCHKIS & WILEY HIGH YIELD FUND-I		2014-01-13	2014-05-29
	10. JUNIPER NETWORKS INC COMMON		2012-09-14	2014-05-29
	50. KDDI CORPORATION UNSPON ADR		2012-06-26	2014-05-29
	102.531 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO		2009-05-06	2014-05-29
	10. MAXIM INTEGRATED PRODUCTS INC COMON		2013-06-19	2014-05-29
	118.301 METROPOLITAN WEST TOTAL RETURN BOND FUND		2010-09-16	2014-05-29
	10. MONSANTO CO		2012-04-02	2014-05-29
	392.727 ALTEGRIS MACRO STRATEGY FUND-I		2012-02-10	2014-05-29
	34.441 OPPENHEIMER DEVELOPING MARKETS FUND CL Y		2011-07-01	2014-05-29
	247.339 PIMCO LOW DURATION FUND		2013-09-12	2014-05-29
	9.242 PIMCO PIMS FOREIGN BOND FUND		2012-10-01	2014-05-29
	5. PHILLIP MORRIS INTL INC COMMON		2012-04-02	2014-05-29
	15. SAP SE ADR		2011-07-01	2014-05-29
	10. SIEMENS AG SPONSORED ADR			2014-05-29
	5. STARBUCKS CORP COM		2012-10-01	2014-05-29
	5. STARBUCKS CORP COM		2013-08-22	2014-05-29
	1160.303 STERLING CAPITAL L/S EQUITY-INS		2014-01-13	2014-05-29
	26.461 STERLING CAPITAL SPECIAL OPPORTUNITIES FUND INST CL FUND # 321		2009-05-06	2014-05-29
	5. SUSSER HOLDINGS CORP COMMON		2013-02-15	2014-05-29
	133.924 TOUCHSTONE MERGER ARBITRAGE FUND EXEMPT		2012-08-08	2014-05-29
	10. VAIL RESORTS COMMON		2012-05-15	2014-05-29
	10. VISTEON CORP COMMON		2012-12-21	2014-05-29
	5. WELLPOINT INC		2013-05-06	2014-05-29
	10. ENSCO PLC		2012-06-26	2014-05-29
	.5 INVESTORS BANCORP INC COMMON		2012-06-26	2014-05-30
	70. ABB LTD SPONSORED ADR			2014-06-06
	10. AMERICAN CAPITAL LTD COMMON		2013-06-19	2014-06-06
	10. AMERICAN CAPITAL LTD COMMON		2013-05-06	2014-06-06
	58.5 AVENUE CREDIT STRATEGIES FUND		2013-08-06	2014-06-06
	22.684 COHEN & STEERS REALTY SHARES INSTITUTION		2011-07-01	2014-06-06
	155.184 DODGE & COX INCOME FUND		2014-01-31	2014-06-06
	20. INTEL CORP			2014-06-06
	50. INTEL CORP			2014-06-06
	103.077 ALTEGRIS MACRO STRATEGY FUND-I			2014-06-06
	139.346 PIMCO PIMS FOREIGN BOND FUND		2012-10-01	2014-06-06
	9.727 STERLING CAPITAL INTERMEDIATE U.S. GOVERNMENT FUND INST CL FUND		2009-05-06	2014-06-06
	5. APPLE COMPUTER COM		2010-09-14	2014-06-20
	10. BANCO BILBAO VIZCAYA - SP ADR COMMON		2013-03-21	2014-06-20
	40.796 GOLDMAN SACHS GROWTH OPPORTUNITY FUND CL		2014-05-05	2014-06-20
	279.596 HOTCHKIS & WILEY HIGH YIELD FUND-I		2014-01-13	2014-06-20
	4.394 OPPENHEIMER DEVELOPING MARKETS FUND CL Y		2011-07-01	2014-06-20
	10. RANGE RESOURCES CORP COMMON		2014-01-13	2014-06-20
	20. ROCHE HOLDING LTD ADR		2011-07-01	2014-06-20
	5. SCHLUMBERGER LTD COMMON		2009-02-18	2014-06-20
	20. SCHNITZER STEEL INDS INC CL A			2014-06-20
	10. SCHNITZER STEEL INDS INC CL A		2013-09-12	2014-06-20
	30.304 STERLING CAPITAL INTERMEDIATE U.S. GOVERNMENT FUND INST CL FUND			2014-06-20
	26.772 STERLING CAPITAL SPECIAL OPPORTUNITIES FUND INST CL FUND # 321		2009-05-06	2014-06-20
	10. SUSSER HOLDINGS CORP COMMON			2014-06-20
	.999 FIDELITY NATIONAL COMMON FNFV GROUP		2014-04-25	2014-07-25
	.9 L'AIR LIQUIDE-UNSPONS ADR COMMON		2011-07-01	2014-07-31
	.1 ITAU UNIBANCO BANCO MULTIPLO SA		2012-08-08	2014-08-05
	.75 TRIBUNE PUBLISHING CO COMMON -W/I		2013-06-19	2014-08-05
	.88 ENERGY TRANSFER PARTNERS LP COMMON		2014-04-25	2014-09-19
	15. AIA GROUP LTD			2014-11-07
	140.687 AQR MANAGED FUTURES STRATEGY FUND INST C			2014-11-07
	746.384 AQR MANAGED FUTURES STRATEGY FUND INST C			2014-11-07
	10. ABBVIE INC COMMON		2012-04-02	2014-11-07
	30. L'AIR LIQUIDE-UNSPONS ADR COMMON		2013-08-06	2014-11-07
	50. ALEXANDER & BALDWIN INC COMMON			2014-11-07
	40. ALLEGHENY TECHNOLOGIES INC			2014-11-07
	40. ALLIANZ AG-ADR COM			2014-11-07
	8. AMAZON.COM INC COMMON			2014-11-07
	6. AMERCO COMMON		2012-06-26	2014-11-07
	90. AMERICAN CAPITAL LTD COMMON			2014-11-07
	10. AMERICAN CAPITAL LTD COMMON		2014-01-31	2014-11-07
	20. APPLE COMPUTER COM			2014-11-07
	10. ARM HOLDINGS PLC -SPONS ADR		2013-08-09	2014-11-07
	10. ATLAS COPCO AB SPONS		2012-12-21	2014-11-07
	25. BALFOUR BEATTY PLC		2012-10-01	2014-11-07
	40. BANCO BILBAO VIZCAYA - SP ADR COMMON			2014-11-07
	10. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A		2013-10-21	2014-11-07
	50. H & R BLOCK INC			2014-11-07
	10. BRISTOL MYERS SQUIBB CO		2014-01-13	2014-11-07
	40. CIT GROUP INC INC COMMON			2014-11-07
	70. CNO FINANCIAL GROUP, INC COMMON			2014-11-07
	20. CNO FINANCIAL GROUP, INC COMMON		2014-03-19	2014-11-07
	15. CSL LTD -SPONSORED ADR			2014-11-07
	30. CST BRANDS, INC COMMON		2014-01-31	2014-11-07
	5. CANADIAN NATL RY CO COMMON		2012-08-08	2014-11-07
	40. COCA-COLA CO COM STK*			2014-11-07
	40. COCHLEAR LIMITED UNSPONS ADR			2014-11-07
	52.608 COHEN & STEERS REALTY SHARES INSTITUTION			2014-11-07
	40. COMERICA INC COM RT EXPS 07/01/2006			2014-11-07
	5. COSTCO WHOLESALE CORP		2013-05-06	2014-11-07
	10. DBS GROUP HLDGS LTD SPONSORED ADR F/K/A DEVELOPMENT BK SINGAPORE L		2013-09-12	2014-11-07
	5. DAIMLER AG		2013-03-21	2014-11-07
	10. DANAHER CORP COMMON		2012-10-01	2014-11-07
	15. DASSAULT SYSTEMS			2014-11-07
	40. DELEK US HOLDINGS INC COMMON			2014-11-07
	60. DEUTSCHE LUFTHANSA AG			2014-11-07
	30. WALT DISNEY COMPANY THE			2014-11-07
	20. DISCOVER FINANCIAL SERVICES COMMON			2014-11-07
	3056.732 DODGE & COX INCOME FUND			2014-11-07
	30. ENCORE WIRE CORPORATION COMMON			2014-11-07
	3.627 ENERGY TRANSFER PARTNERS LP COMMON		2013-06-19	2014-11-07
	6.373 ENERGY TRANSFER PARTNERS LP COMMON		2014-04-25	2014-11-07
	15. EXPRESS SCRIPTS HOLDING CO COMMON			2014-11-07
	25. FANUC LTD ADR			2014-11-07
	112.524 FEDERATED MDT SMALL CAP GROWTH FUND CL			2014-11-07
	30. FIDELITY NATIONAL COMMON FNF GROUP		2014-04-25	2014-11-07
	9. FIDELITY NATIONAL COMMON FNFV GROUP		2014-04-25	2014-11-07
	15. FRESENIUS USA INC ADR			2014-11-07
	5. GENESSE & WYO INC CL A		2012-04-02	2014-11-07
	25. GILEAD SCIENCES, INC.		2012-09-14	2014-11-07
	267.284 GOLDMAN SACHS GROWTH OPPORTUNITY FUND CL			2014-11-07
	2876.749 GUGGENHEIM FLOAT RATE STRA-I			2014-11-07
	30. GULFPORT ENERGY CORPORATION COMMON			2014-11-07
	20. HONG KONG EXCHANGES & CLEARING LIMITED			2014-11-07
	40. HYATT HOTELS CORP CL A COMMON			2014-11-07
	60. ISTAR FINANCIAL INC			2014-11-07
	10. ICICI BANK LIMITED SPONS ADR		2013-05-06	2014-11-07
	20. INFORMATICA CORP COM			2014-11-07
	70. INTREPID POTASH INC COMMON			2014-11-07
	127. INVESTORS BANCORP INC COMMON			2014-11-07
	110. ITAU UNIBANCO BANCO MULTIPLO SA			2014-11-07
	5. JUNIPER NETWORKS INC COMMON		2013-09-17	2014-11-07
	100. KEYCORP NEW COM			2014-11-07
	100. KOREA ELECTRIC POWER CORP COMMON			2014-11-07
	15. L'OREAL SA ADR		2013-08-06	2014-11-07
	10. LSB INDUSTRIES INC. COMMON		2014-01-31	2014-11-07
	30. LSB INDUSTRIES INC. COMMON		2012-12-21	2014-11-07
	5. LVMH MOET-HENNESSEY UNSPON ADR		2013-08-06	2014-11-07
	5. LOWES COS INC		2013-09-23	2014-11-07
	40. MDC HOLDINGS INC			2014-11-07
	1509.204 METROPOLITAN WEST TOTAL RETURN BOND FUND			2014-11-07
	5. MICROSOFT CORP		2012-06-26	2014-11-07
	5. MITSUBISHI ESTATE COMPANY LTD		2013-10-21	2014-11-07
	20. MONOTARO CO LTD. UNSP ADR		2013-12-02	2014-11-07
	5. MONSANTO CO		2012-04-02	2014-11-07
	10. MTN GROUP LTD ADR		2011-08-22	2014-11-07
	10. NESTLE SA ADR		2013-08-06	2014-11-07
	60. NEWS CORP COMMON NEW CL A W/I			2014-11-07
	30. NEWS CORP COMMON NEW CL A W/I			2014-11-07
	784.583 ALTEGRIS MACRO STRATEGY FUND-I			2014-11-07
	5. NOVO-NORDISK A S ADR		2014-03-19	2014-11-07
	40. OSHKOSH TRUCK B CL B			2014-11-07
	30. OWENS CORNING COMMON			2014-11-07
	473.744 PIMCO LOW DURATION FUND			2014-11-07
	4796.579 PIMCO LOW DURATION FUND			2014-11-07
	350.957 PIMCO PIMS FOREIGN BOND FUND			2014-11-07
	100. PEUGEOT SA-UNSP ADR			2014-11-07
	30. PHILLIP MORRIS INTL INC COMMON		2013-05-06	2014-11-07
	9. PIONEER NAT RES CO COMMON			2014-11-07
	20. PLUM CREEK TIMBER CO COMMON			2014-11-07
	5. T ROWE PRICE GROUP INC		2014-01-31	2014-11-07
	20. T ROWE PRICE GROUP INC			2014-11-07
	4845.24 PRUDENTIAL SHORT TERM CORPORATE BOND FUN			2014-11-07
	30. RAYONIER INC COMMON			2014-11-07
	10. RAYONIER ADVANCED MATERIALS COMMON			2014-11-07
	10. ROYAL DUTCH SHELL PLC SPONSORED		2013-02-15	2014-11-07
	30. RYMAN HOSPITALITY PROPERTIES INC COMMON		2013-10-21	2014-11-07
	5. SCHLUMBERGER LTD COMMON		2011-06-08	2014-11-07
	15. SEACOR SMIT INC COMMON			2014-11-07
	20. SIEMENS AG SPONSORED ADR			2014-11-07
	50. SINCLAIR BROADCAST GROUP A			2014-11-07
	25. SONOVA HOLDING AG		2011-08-25	2014-11-07
	4781.755 STERLING CAPITAL CORPORATE FUND-I			2014-11-07
	5201.647 STERLING CAPITAL INTERMEDIATE U.S. GOVERNMENT FUND INST CL FU			2014-11-07
	216.153 STERLING CAPITAL INTERMEDIATE U.S. GOVERNMENT FUND INST CL FUN		2014-05-29	2014-11-07
	25. SWATCH GROUP AG			2014-11-07
	10. SYMRISE AG ADR		2014-06-20	2014-11-07
	10. SYSMEX CORP		2013-08-06	2014-11-07
	35. TAIWAN SEMICONDUCTOR MANUFACTURING CO LT			2014-11-07
	20. TECH DATA CORP COMMON			2014-11-07
	80. TESCO PLC SPONS ADR			2014-11-07
	15. TEXAS INSTRUMENTS INC COM STK			2014-11-07
	71.275 TOUCHSTONE MERGER ARBITRAGE FUND EXEMPT			2014-11-07
	282.016 TOUCHSTONE MERGER ARBITRAGE FUND EXEMPT			2014-11-07
	30. THE TRAVELERS COMPANIES INC.			2014-11-07
	35. TRIBUNE COMPANY COMMON			2014-11-07
	8. TRIBUNE PUBLISHING CO COMMON -W/I			2014-11-07
	115. TURKIYE GARANTI BANKASI A.S.			2014-11-07
	20. VISTEON CORP COMMON			2014-11-07
	5. XINYI GLASS HOLDINGS LTD		2012-10-01	2014-11-07
	5. BUNGE LIMITED		2013-08-06	2014-11-07
	5. EATON CORP PLC		2014-01-13	2014-11-07
	3. WHITE MOUNTAINS INSURANCE GROUP LTD COMM			2014-11-07
	15. ALLIED WORLD ASSURANCE COMPANY HOLDINGS		2014-03-19	2014-11-07
	45. ALLIED WORLD ASSURANCE COMPANY HOLDINGS			2014-11-07
	5. APPLE COMPUTER COM		2012-12-21	2014-12-22
	10. CALIFORNIA RESOURCES CORP COMMON			2014-12-22
	6. CALIFORNIA RESOURCES CORP COMMON			2014-12-22
	3.806 COHEN & STEERS REALTY SHARES INSTITUTION		2011-07-01	2014-12-22
	6. COSTCO WHOLESALE CORP			2014-12-22
	11. DAIMLER AG			2014-12-22
	5. DANAHER CORP COMMON		2012-04-02	2014-12-22
	73.746 DOUBLELINE TOTAL RETURN BOND FUND			2014-12-22
	8. ENN ENERGY HOLDINGS -UNSP ADR			2014-12-22
	30. EBAY INC COM			2014-12-22
	9.54 FEDERATED MDT SMALL CAP GROWTH FUND CL		2014-05-05	2014-12-22
	17.564 FORWARD INTERNATIONAL SMALL COMPANIES FD			2014-12-22
	19. ICICI BANK LIMITED SPONS ADR		2013-03-21	2014-12-22
	25. INTERNATIONAL CONSOLIDATED AIRLINES GROU			2014-12-22
	5. LVMH MOET-HENNESSEY UNSPON ADR		2013-08-06	2014-12-22
	98. LLOYDS TSB GRP PLC SP ADR COM			2014-12-22
	5. LOWES COS INC		2013-09-23	2014-12-22
	110. MATTEL INC			2014-12-22
	62.177 METROPOLITAN WEST TOTAL RETURN BOND FUND		2010-09-29	2014-12-22
	5. MONSANTO CO		2012-04-02	2014-12-22
	132.058 ALTEGRIS MACRO STRATEGY FUND-I		2012-12-21	2014-12-22
	98.277 PIMCO PIMS FOREIGN BOND FUND		2012-10-01	2014-12-22
	95. PETROFAC LIMITED		2014-11-07	2014-12-22
	5. PHILLIP MORRIS INTL INC COMMON		2013-05-06	2014-12-22
	6. QUALCOMM INC COMMON			2014-12-22
	13. SANOFI-SYNTHELABO SPONSORED ADR			2014-12-22
	5. SCHLUMBERGER LTD COMMON		2014-05-05	2014-12-22
	2. SCHLUMBERGER LTD COMMON		2012-05-15	2014-12-22
	16. SHIN-ETSU CHEMICAL CO LTD ADR			2014-12-22
	38.192 STERLING CAPITAL TOTAL RETURN BOND FUND		2014-11-12	2014-12-22
	20. TECHNIP-COFLEXIP SA ADR			2014-12-22
	13. ENSCO PLC			2014-12-22
	40. ENSCO PLC			2014-12-22
	80. UBS AG			2014-12-22
	160. UBS AG			2014-12-22
	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	5,345	5,075	270
b	2,810	2,820	-10
c	507	497	10
d	432	474	-42
e	393	394	-1
	189	166	23
	935	944	-9
	720	460	260
	601	336	265
	370	210	160
	1,067	877	190
	477	302	175
	2,602	2,661	-59
	213	209	4
	1,730	1,500	230
	276	255	21
	276	192	84
	11,790	11,565	225
	616	574	42
	423	470	-47
	1,538	1,491	47
	849	780	69
	4,981	4,659	322
	4,788	3,559	1,229
	2,331	1,707	624
	208	194	14
	623	467	156
	1,052	781	271
	7,236	7,138	98
	738	640	98
	738	655	83
	510	328	182
	828	871	-43
	4,567	4,555	12
	6,809	6,701	108
	808	826	-18
	645	647	-2
	946	463	483
	1,326	872	454
	6,751	6,422	329
	5,644	5,666	-22
	986	1,583	-597
	3,428	2,620	808
	5,101	5,014	87
	915	861	54
	785	778	7
	594	376	218
	1,580	948	632
	609	347	262
	1,218	1,116	102
	264	248	16
	919	927	-8
	44,982	45,802	-820
	1,166	739	427
	253	185	68
	6,384	5,753	631
	100	118	-18
	7,078	7,378	-300
	53,834	53,106	728
	1,346	1,435	-89
	226	296	-70
	452	796	-344
	865	731	134
	2,905	2,961	-56
	787	957	-170
	168	141	27
	1,130	851	279
	867	780	87
	589	761	-172
	1,087	564	523
	306	226	80
	879	862	17
	937	1,001	-64
	605	771	-166
	303	368	-65
	703	441	262
	703	690	13
	7,916	7,699	217
	4,253	4,351	-98
	888	727	161
	1,024	755	269
	1,180	1,065	115
	2,126	1,852	274
	729	392	337
	280	304	-24
	700	1,152	-452
	2,038	1,482	556
	397	173	224
	1,123	1,125	-2
	795	748	47
	200	234	-34
	999	1,133	-134
	1,447	1,000	447
	1,590	1,615	-25
	788	827	-39
	1,576	909	667
	2,350	2,399	-49
	890	909	-19
	890	669	221
	1,797	1,581	216
	599	680	-81
	1,959	1,382	577
	387	256	131
	1,472	734	738
	750	635	115
	2	2
	23	33	-10
	684	385	299
	948	778	170
	1,004	522	482
	402	273	129
	402	329	73
	816	678	138
	954	862	92
	978	827	151
	871	534	337
	1,049	1,137	-88
	426	745	-319
	863	870	-7
	1,139	812	327
	680	616	64
	694	753	-59
	698	421	277
	488	718	-230
	655	741	-86
	678	774	-96
	905	570	335
	504	759	-255
	791	661	130
	173	176	-3
	929	544	385
	595	890	-295
	668	392	276
	887	963	-76
	365	210	155
	365	264	101
	1,028	612	416
	844	906	-62
	1,173	1,076	97
	824	864	-40
	524	712	-188
	665	689	-24
	1,121	1,025	96
	1,197	1,136	61
	685	346	339
	813	976	-163
	941	1,070	-129
	1,250	725	525
	1,017	1,060	-43
	622	738	-116
	900	883	17
	833	891	-58
	741	739	2
	1,033	679	354
	732	735	-3
	1,480	1,446	34
	740	826	-86
	565	399	166
	832	780	52
	923	1,116	-193
	766	750	16
	663	743	-80
	1,267	990	277
	1,508	1,312	196
	1,193	1,221	-28
	792	588	204
	945	774	171
	721	771	-50
	703	751	-48
	1,074	968	106
	859	973	-114
	856	827	29
	902	932	-30
	300	366	-66
	600	691	-91
	878	842	36
	1,068	864	204
	774	546	228
	716	609	107
	417	392	25
	1,897	1,165	732
	850	857	-7
	726	635	91
	1,087	936	151
	895	646	249
	923	581	342
	1,471	1,002	469
	1,374	552	822
	332	263	69
	2,828	2,686	142
	211	237	-26
	172	166	6
	999	923	76
	100	102	-2
	488	470	18
	488	397	91
	333	293	40
	1,136	801	335
	1,185	1,168	17
	439	266	173
	774	748	26
	560	496	64
	791	460	331
	859	1,172	-313
	376	319	57
	188	119	69
	2,757	2,728	29
	2,108	1,987	121
	456	416	40
	201	203	-2
	2,476	2,501	-25
	2,014	1,979	35
	330	364	-34
	1,297	1,277	20
	255	199	56
	727	400	327
	2,043	1,477	566
	343	283	60
	1,284	1,255	29
	1,207	814	393
	3,173	3,837	-664
	1,338	1,243	95
	2,570	2,525	45
	100	104	-4
	438	447	-9
	1,144	909	235
	1,330	1,139	191
	366	252	114
	366	356	10
	12,624	12,079	545
	614	345	269
	397	220	177
	1,426	1,424	2
	696	426	270
	918	508	410
	539	368	171
	518	424	94
	5	3	2
	1,659	1,789	-130
	149	131	18
	149	144	5
	700	654	46
	1,086	967	119
	2,159	2,128	31
	562	501	61
	1,404	1,166	238
	828	938	-110
	1,517	1,575	-58
	100	102	-2
	459	191	268
	131	96	35
	1,294	1,242	52
	3,744	3,668	76
	174	159	15
	878	819	59
	751	417	334
	548	192	356
	520	527	-7
	260	269	-9
	311	319	-8
	637	349	288
	796	490	306
	16	16
	24	21	3
	2	1	1
	14	11	3
	50	51	-1
	332	276	56
	1,496	1,410	86
	7,934	7,450	484
	616	319	297
	712	724	-12
	2,005	1,423	582
	1,303	1,182	121
	653	618	35
	2,389	1,784	605
	1,680	530	1,150
	1,420	1,264	156
	158	158
	2,178	1,563	615
	414	409	5
	286	274	12
	128	255	-127
	422	419	3
	345	374	-29
	1,633	1,487	146
	581	561	20
	1,949	1,765	184
	1,266	919	347
	362	375	-13
	516	433	83
	1,185	960	225
	348	226	122
	1,692	1,541	151
	1,241	1,217	24
	2,623	2,254	369
	1,933	1,246	687
	688	547	141
	601	519	82
	387	285	102
	811	571	240
	929	941	-12
	1,270	1,260	10
	947	1,523	-576
	2,691	1,987	704
	1,320	744	576
	42,519	41,947	572
	1,205	923	282
	237	209	28
	417	368	49
	1,166	972	194
	715	749	-34
	2,104	2,037	67
	877	791	86
	124	146	-22
	531	492	39
	491	278	213
	2,668	770	1,898
	8,943	8,138	805
	76,320	77,068	-748
	1,651	1,678	-27
	451	317	134
	2,291	1,549	742
	862	926	-64
	581	465	116
	725	891	-166
	933	1,446	-513
	1,363	724	639
	1,547	1,469	78
	110	106	4
	1,337	888	449
	2,156	1,546	610
	471	514	-43
	318	331	-13
	953	1,025	-72
	166	187	-21
	290	237	53
	992	1,287	-295
	16,420	16,198	222
	243	150	93
	113	149	-36
	512	416	96
	573	407	166
	202	209	-7
	727	703	24
	910	952	-42
	455	527	-72
	6,473	7,483	-1,010
	218	231	-13
	1,801	1,587	214
	1,007	1,246	-239
	4,889	4,914	-25
	49,501	48,979	522
	3,913	4,445	-532
	1,129	1,691	-562
	2,639	2,795	-156
	1,591	916	675
	830	938	-108
	416	397	19
	1,666	1,449	217
	54,654	55,233	-579
	1,017	985	32
	280	356	-76
	708	655	53
	1,484	1,106	378
	496	420	76
	1,177	1,117	60
	2,187	2,067	120
	1,348	1,385	-37
	772	401	371
	49,252	48,201	1,051
	53,369	55,686	-2,317
	2,218	2,229	-11
	584	665	-81
	143	138	5
	207	171	36
	764	581	183
	1,230	917	313
	699	1,375	-676
	764	452	312
	748	765	-17
	2,958	3,035	-77
	3,067	1,601	1,466
	2,211	1,879	332
	128	113	15
	415	547	-132
	1,933	1,070	863
	57	47	10
	444	385	59
	345	376	-31
	1,878	1,719	159
	569	517	52
	1,706	1,334	372
	563	368	195
	63	73	-10
	38	47	-9
	194	162	32
	858	600	258
	936	613	323
	434	282	152
	813	839	-26
	1,122	1,327	-205
	1,729	1,583	146
	182	172	10
	281	316	-35
	223	155	68
	915	623	292
	174	187	-13
	465	517	-52
	338	237	101
	3,266	4,278	-1,012
	678	663	15
	610	407	203
	1,137	1,190	-53
	1,113	1,111	2
	523	841	-318
	414	466	-52
	443	476	-33
	601	697	-96
	438	507	-69
	175	132	43
	264	266	-2
	409	409
	305	543	-238
	424	621	-197
	1,304	2,122	-818
	1,366	1,483	-117
	2,733	2,444	289
			12,659

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			270
b			-10
c			10
d			-42
e			-1
			23
			-9
			260
			265
			160
			190
			175
			-59
			4
			230
			21
			84
			225
			42
			-47
			47
			69
			322
			1,229
			624
			14
			156
			271
			98
			98
			83
			182
			-43
			12
			108
			-18
			-2
			483
			454
			329
			-22
			-597
			808
			87
			54
			7
			218
			632
			262
			102
			16
			-8
			-820
			427
			68
			631
			-18
			-300
			728
			-89
			-70
			-344
			134
			-56
			-170
			27
			279
			87
			-172
			523
			80
			17
			-64
			-166
			-65
			262
			13
			217
			-98
			161
			269
			115
			274
			337
			-24
			-452
			556
			224
			-2
			47
			-34
			-134
			447
			-25
			-39
			667
			-49
			-19
			221
			216
			-81
			577
			131
			738
			115

			-10
			299
			170
			482
			129
			73
			138
			92
			151
			337
			-88
			-319
			-7
			327
			64
			-59
			277
			-230
			-86
			-96
			335
			-255
			130
			-3
			385
			-295
			276
			-76
			155
			101
			416
			-62
			97
			-40
			-188
			-24
			96
			61
			339
			-163
			-129
			525
			-43
			-116
			17
			-58
			2
			354
			-3
			34
			-86
			166
			52
			-193
			16
			-80
			277
			196
			-28
			204
			171
			-50
			-48
			106
			-114
			29
			-30
			-66
			-91
			36
			204
			228
			107
			25
			732
			-7
			91
			151
			249
			342
			469
			822
			69
			142
			-26
			6
			76
			-2
			18
			91
			40
			335
			17
			173
			26
			64
			331
			-313
			57
			69
			29
			121
			40
			-2
			-25
			35
			-34
			20
			56
			327
			566
			60
			29
			393
			-664
			95
			45
			-4
			-9
			235
			191
			114
			10
			545
			269
			177
			2
			270
			410
			171
			94
			2
			-130
			18
			5
			46
			119
			31
			61
			238
			-110
			-58
			-2
			268
			35
			52
			76
			15
			59
			334
			356
			-7
			-9
			-8
			288
			306

			3
			1
			3
			-1
			56
			86
			484
			297
			-12
			582
			121
			35
			605
			1,150
			156

			615
			5
			12
			-127
			3
			-29
			146
			20
			184
			347
			-13
			83
			225
			122
			151
			24
			369
			687
			141
			82
			102
			240
			-12
			10
			-576
			704
			576
			572
			282
			28
			49
			194
			-34
			67
			86
			-22
			39
			213
			1,898
			805
			-748
			-27
			134
			742
			-64
			116
			-166
			-513
			639
			78
			4
			449
			610
			-43
			-13
			-72
			-21
			53
			-295
			222
			93
			-36
			96
			166
			-7
			24
			-42
			-72
			-1,010
			-13
			214
			-239
			-25
			522
			-532
			-562
			-156
			675
			-108
			19
			217
			-579
			32
			-76
			53
			378
			76
			60
			120
			-37
			371
			1,051
			-2,317
			-11
			-81
			5
			36
			183
			313
			-676
			312
			-17
			-77
			1,466
			332
			15
			-132
			863
			10
			59
			-31
			159
			52
			372
			195
			-10
			-9
			32
			258
			323
			152
			-26
			-205
			146
			10
			-35
			68
			292
			-13
			-52
			101
			-1,012
			15
			203
			-53
			2
			-318
			-52
			-33
			-96
			-69
			43
			-2

			-238
			-197
			-818
			-117
			289

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	53,145
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	75,365	1,422,354	0.052986
2012	75,244	1,394,702	0.05395
2011	74,359	1,406,281	0.052876
2010	66,000	1,365,864	0.048321
2009	79,519	1,253,642	0.06343

2	Total of line 1, column (d) ......................	2	0.271563
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	0.054313
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	1,433,238
5	Multiply line 4 by line 3.......................	5	77,843
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	836
7	Add lines 5 and 6.........................	7	78,679
8	Enter qualifying distributions from Part XII, line 4..............	8	76,000
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	1,673
	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	1,673
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	1,673
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	636
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	636
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	1,037
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 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 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 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

BRANCH BANKING AND TRUST COMPANY Telephone no. bullet

(540) 554-2227

Located at bullet

6400 ARLINGTON BLVD STE 1120FALLS CHURCHVA ZIP+4 bullet

220422349

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
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 40	12,179
6400 ARLINGTON BLVD SUITE 1120 FALLS CHURCH,VA220422349	TRUSTEE 40	12,179

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

1,404,734

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

50,330

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

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

1,455,064

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

1,455,064

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

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

21,826

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

1,433,238

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

71,662

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

71,662

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

1,673

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

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

1,673

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

69,989

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

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

69,989

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

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

69,989

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 ..........

76,000

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

76,000

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

76,000

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					69,989
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:2012, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	0
b From 2010.......	0
c From 2011.......	6,341
d From 2012.......	7,021
e From 2013.......	5,517
fTotal of lines 3a through e.........		18,879
4Qualifying distributions for 2014 from Part
XII, line 4: $ 76,000
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.....					69,989
e Remaining amount distributed out of corpus		6,011
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		24,890
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) ...		0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		24,890
10 Analysis of line 9:
a Excess from 2010....	0
b Excess from 2011....	6,341
c Excess from 2012....	7,021
d Excess from 2013....	5,517
e Excess from 2014....	6,011

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
ST JAMES EPISCOPAL CHURCH PO BOX 279 WESTERNPORT,MD21562	NONE	EXEMPT	GENERAL FUNDS	75,000
Total ................................. 3a				75,000

bApproved for future payment

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

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 ............
4 Dividends and interest from securities....			14	43,811
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	53,145
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)..				97,188

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

1397,188

(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)

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