Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation 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
PIEDMONT NATURAL GAS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)220 NORTH TRYON STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28202
A Employer identification number

20-1786431
B Telephone number (see instructions)

(704) 973-4500
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,831,559J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 550,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 98,902 98,902  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 304,625
b Gross sales price for all assets on line 6a 45,488
7 Capital gain net income (from Part IV, line 2)... 304,625
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).......      
12 Total. Add lines 1 through 11........ 953,527 403,527  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 79,920 9,779   70,141
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,626 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 66 0   66
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 82,612 9,779   70,207
25 Contributions, gifts, grants paid........ 834,189 834,189
26 Total expenses and disbursements. Add lines 24 and 25 916,801 9,779   904,396
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 36,726
b Net investment income (if negative, enter -0-) 393,748
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 60,711 19,249 19,249
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 2,480 2,560 2,560
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 7,704,783 Click to see attachment7,809,750 7,809,750
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,767,974 7,831,559 7,831,559
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 25,000  
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 25,000 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 7,742,974 7,831,559
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)...... 7,742,974 7,831,559
31 Total liabilities and net assets/fund balances (see instructions).. 7,767,974 7,831,559
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 7,742,974
2 Enter amount from Part I, line 27a..................... 2 36,726
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 51,859
4 Add lines 1, 2, and 3.......................... 4 7,831,559
5 Decreases not included in line 2 (itemize) bullet 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 7,831,559
Form 990-PF (2014)
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 CAROLINAS INVESTMENT POOL   2012-01-01 2014-06-30
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a       259,137
b 45,488     45,488
c
d
e
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       259,137
b       45,488
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 304,625
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see 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 828,862 7,403,270 0.111959
2012 814,921 7,089,390 0.114949
2011 881,952 7,252,889 0.121600
2010 1,039,648 6,947,872 0.149635
2009 1,064,216 5,903,922 0.180256
2 Total of line 1, column (d) ...................... 2 0.678399
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 0.135680
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 8,011,673
5 Multiply line 4 by line 3....................... 5 1,087,024
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,937
7 Add lines 5 and 6......................... 7 1,090,961
8 Enter qualifying distributions from Part XII, line 4.............. 8 904,396
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)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 7,875
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,875
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 7,875
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,560
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,560
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,315
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION FOR THE CAROLINAS Telephone no.bullet (704) 973-4500
    Located atbullet220 N TRYON STREETCHARLOTTENC ZIP+4bullet28202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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)
    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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 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.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    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
    MARGARET M GRIFFITH DIRECTOR
    40.00     		0 0 0
    1525 WEST WT HARRIS BLVD
    CHARLOTTE,NC28288
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 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.............bullet0
    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)
    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.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,074,889
    b
    Average of monthly cash balances.......................
    1b
    58,789
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,133,678
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,133,678
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    122,005
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,011,673
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    400,584
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    400,584
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,875
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,875
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    392,709
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    392,709
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    392,709
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    904,396
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    904,396
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    904,396
    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)
    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 7 392,709
    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....... 772,460
    b From 2010....... 697,464
    c From 2011....... 522,787
    d From 2012....... 462,929
    e From 2013....... 461,241
    fTotal of lines 3a through e......... 2,916,881
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 904,396
    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..... 392,709
    e Remaining amount distributed out of corpus 511,687
    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 3,428,568
    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) ...     		772,460
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		2,656,108
    10 Analysis of line 9:
    a Excess from 2010.... 697,464
    b Excess from 2011.... 522,787
    c Excess from 2012.... 462,929
    d Excess from 2013.... 461,241
    e Excess from 2014.... 511,687
    Form 990-PF (2014)
    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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number 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)
    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)
    aPaid during the year
    ACTION GREENSBORO
    203 S CHURCH STREET
    GREENSBORO,NC27401     		NONE PC GENERAL SUPPORT 75,000
    ALBEMARLE AREA UNITED WAY INC
    PO BOX 293
    ELIZABETH CITY,NC279070293     		NONE PC GENERAL SUPPORT 625
    ALBEMARLE HOPELINE INC
    PO BOX 2064
    ELIZABETH CITY,NC279062064     		NONE PC GENERAL SUPPORT 1,000
    AMERICAN HEART ASSOCIATION INC
    7272 GREENVILLE AVENUE
    DALLAS,TX75231     		NONE PC GENERAL SUPPORT 10,000
    AMERICAN LUNG ASSOCIATION OF THE MIDLAND STATES INC
    1950 ARLINGATE LANE
    COLUMBUS,OH43228     		NONE PC GENERAL SUPPORT 1,500
    AMERICAN RED CROSS - UPSTATE SC CHAPTER
    PO BOX 9035
    GREENVILLE,SC29604     		NONE PC GENERAL SUPPORT 10,000
    ANDERSON AREA YMCA
    201 EAST REED ROAD
    ANDERSON,SC296212095     		NONE PC "STRONG KIDS" SCHOLARSHIP PROGRAM 1,000
    ANDERSON INTERFAITH MINISTRIES INC
    PO BOX 1136
    ANDERSON,SC29622     		NONE PC GENERAL SUPPORT 2,000
    ANDERSON SCHOOL DISTRICT FIVE EDUCATIONAL FOUNDATION
    PO BOX 439
    ANDERSON,SC29622     		NONE PC GENERAL SUPPORT 5,000
    ARC OF GREENSBORO INC
    1050 REVOLUTION MILL DRIVE 3
    GREENSBORO,NC27405     		NONE PC GENERAL SUPPORT 1,500
    ARTS & SCIENCE COUNCIL
    227 W TRADE STREET SUITE 250
    CHARLOTTE,NC28202     		NONE PC BUILDING PARTICIPATION, APPRECIATION AND SUPPORT FOR THE ARTS, SCIENCES, HISTORY AND HERITAGE 70,000
    ARTS COUNCIL INC - WINSTON SALEM
    206 N SPRUCE STREET 3
    WINSTONSALEM,NC271012747     		NONE PC GENERAL SUPPORT 3,000
    ARTS PARTNERSHIP OF GREATER SPARTANBURG INC
    200 E ST JOHN STREET
    SPARTANBURG,SC29306     		NONE PC GENERAL SUPPORT 2,500
    BEAUFORT COUNTY UNITED WAY
    PO BOX 1963
    WASHINGTON,NC278891963     		NONE PC GENERAL OPERATING SUPPORT 1,050
    BETHLEHEM CENTER OF CHARLOTTE INC
    2702 NORFOLK AVENUE
    CHARLOTTE,NC28203     		NONE PC GENERAL SUPPORT 10,000
    BIG BROTHERS BIG SISTERS OF MIDDLE TENNESSEE
    1704 CHARLOTTE AVENUE 130
    NASHVILLE,TN37203     		NONE PC GENERAL SUPPORT 5,000
    BOYS & GIRLS CLUB OF GREATER HIGH POINT INC
    PO BOX 2834
    HIGH POINT,NC27261     		NONE PC GENERAL SUPPORT 3,000
    BURKE COUNTY UNITED WAY
    301 EAST MEETING STREET
    MORGANTON,NC28655     		NONE PC SERVICE TO NEIGHBORS 850
    CALDWELL ARTS COUNCIL
    PO BOX 1613
    LENIOR,NC28645     		NONE PC GENERAL SUPPORT 750
    CALDWELL COUNTY UNITED FUND
    PO BOX 1316
    LENOIR,NC286451316     		NONE PC UNITED WAY OF CALDWELL COUNTY 2011-2012 CAMPAIGN 750
    CAMPUS FOR HUMAN DEVELOPMENTROOM IN THE INN
    705 DREXEL STREET
    NASHVILLE,TN37203     		NONE PC GENERAL SUPPORT 2,500
    CAPE FEAR AREA UNITED WAY
    5919 OLEANDER DRIVE SUITE 115
    WILMINGTON,NC28401     		NONE PC UNITED WAY CAMPAIGN 2,600
    CAROLINA COMMERCE & TECHNOLOGY CENTER INC
    PO BOX 70
    PEMBROKE,NC283720070     		NONE PC GENERAL SUPPORT 1,000
    CHARLOTTE BRIDGE HOME INC
    2200 EAST 7TH STREET
    CHARLOTTE,NC28204     		NONE PC GENERAL SUPPORT 10,000
    CHARLOTTE CENTER CITY PARTNERS COMMUNITY TRUST
    200 S TRYON STREET SUITE 1600
    CHARLOTTE,NC28202     		NONE PC GENERAL SUPPORT 10,000
    CHARLOTTE COMMUNITY TOOLBANK
    101 S TRYON STREET SUITE 4000
    CHARLOTTE,NC28202     		NONE PC GENERAL SUPPORT 10,000
    CHARLOTTE MECKLENBURG HOUSING PARTNERSHIP INC
    4601 CHARLOTTE PARK DRIVE 350
    CHARLOTTE,NC28217     		NONE PC GENERAL SUPPORT 10,000
    CHILD ADVOCACY CENTER INC
    PO BOX 488
    FAYETTEVILLE,NC283020488     		NONE PC GENERAL SUPPORT 2,500
    CITIZEN SCHOOLS INC
    222 SOUTH CHURCH STREET SUITE 405
    CHARLOTTE,NC28202     		NONE PC GENERAL SUPPORT 5,000
    CORNERSTONE COUNSELING CENTER
    439 FIRST AVENUE NWMAIN OFFICE
    HICKORY,NC28601     		NONE PC GENERAL SUPPORT 10,000
    CRISIS ASSISTANCE MINISTRY
    500-A SPRATT STREET
    CHARLOTTE,NC282062913     		NONE PC SHARE THE WARMTH 13,000
    DARE BURLINGTON INC
    267 W FRONT STREET
    BURLINGTON,NC27215     		NONE PC GENERAL SUPPORT 1,000
    DAN MILLS ELEMENTARY
    4106 KENNEDY AVENUE
    NASHVILLE,TN372162522     		NONE NC-SCHOOL EDUCATION 2,200
    DAVIE COUNTY ARTS COUNCIL
    622 N MAIN STREET
    MOCKSVILLE,NC27028     		NONE PC GENERAL SUPPORT 1,000
    DAVIE COUNTY UNITED WAY INC
    PO BOX 744
    MOCKSVILLE,NC270280744     		NONE PC GENERAL CAMPAIGN & DIRECT PROGRAM SUPPORT 1,100
    DISCOVERY PLACE INC
    301 NORTH TRYON STREET
    CHARLOTTE,NC28202     		NONE PC GENERAL SUPPORT 5,000
    DOUGLAS BYRD HIGH SCHOOL
    1624 IRELAND DRIVE
    FAYETTEVILLE,NC28304     		NONE NC-SCHOOL GENERAL SUPPORT 2,500
    EAST COST GREENWAY ALLIANCE
    5315 HIGHGATE DRIVE SUITE 105
    DURHAM,NC27713     		NONE PC GENERAL SUPPORT 25,000
    FAMILY CARE CENTER OF CATAWBA VALLEY INC
    2875 HIGHLAND AVENUE NE
    HICKORY,NC28601     		NONE PC GENERAL SUPPORT 1,000
    FAYETTEVILLE STATE UNIVERSITY
    1200 MURCHISON ROAD REGISTRARS
    OFFICE
    FAYETTEVILLE,NC28301     		NONE NC-SCHOOL GENERAL SUPPORT 5,000
    FAYETTEVILLE URBAN MINISTRY INC
    PO BOX 1171
    FAYETTEVILLE,NC28302     		NONE PC GENERAL SUPPORT 3,000
    FOOD BANK OF THE ALBEMARLE
    PO BOX 1704
    ELIZABETH CITY,NC27906     		NONE PC GENERAL SUPPORT 3,000
    GOOD SHEPHERD MINISTRIES OF WILMINGTON INC
    811 MARTIN STREET
    WILMINGTON,NC28401     		NONE PC GENERAL SUPPORT 3,000
    GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY
    31 1ST AVENUE SE
    HICKORY,NC28602     		NONE PC GENERAL SUPPORT 2,000
    GREENSBORO CHILDREN'S MUSEUM
    220 N CHURCH STREET
    GREENSBORO,NC27401     		NONE PC GENERAL SUPPORT 25,000
    HABITAT FOR HUMANITY OF GREATER GREENSBORO
    PO BOX 3402
    GREENSBORO,NC27402     		NONE PC GENERAL SUPPORT 2,500
    HANDS ON NASHVILLE INC
    209 10TH AVENUE SOUTHCUMMINS
    STATION SUITE 318
    NASHVILLE,TN37203     		NONE PC GENERAL SUPPORT 5,000
    HENDERSONVILLE SAMARITAN ASSOCIATION
    116 DUNN STREET
    HENDERSONVILLE,TN37075     		NONE PC GENERAL SUPPORT 1,000
    HIGH POINT AREA ARTS COUNCIL INC
    PO BOX 5526
    HIGH POINT,NC27262     		NONE PC GENERAL SUPPORT 3,500
    HIGHLAND RIM ECONOMIC CORPORATION
    PO BOX 208
    ERIN,TN37061     		NONE PC SHARE THE WARMTH 425
    INTERACTIVE RESOURCE CENTER INC
    PO BOX 20568
    GREENSBORO,NC27420     		NONE PC GENERAL OPERATING SUPPORT 6,500
    INTERNATIONAL HOUSE OF METROLINA INC
    1817 CENTRAL AVENUE SUITE 215
    CHARLOTTE,NC28205     		NONE PC GENERAL OPERATING SUPPORT 25,000
    JOHNSTON MEMORIAL HOSPITAL FOUNDATION
    PO BOX 1376
    SMITHFIELD,NC275771376     		NONE PC GENERAL SUPPORT 9,000
    JUNIOR ACHIEVEMENT OF CENTRAL NORTH CAROLINA INC
    3220 NORTHLINE AVENUE
    GREENSBORO,NC27408     		NONE PC STEM CAPACITY BUILDING FOR STUDENT SUCCESS 7,500
    KABOOM INC
    4301 CONNECTICUT AVENUE NW ML-1
    WASHINGTON,DC20008     		NONE PC GENERAL SUPPORT 5,000
    KERNERSVILLE LITTLE THEATRE INC
    152 S MAIN STREET AT HARMON
    PARKPHYSICAL ONLY
    KERNERSVILLE,NC27284     		NONE PC GENERAL SUPPORT 500
    LAM FOUNDATION
    4015 EXECUTIVE PARK DRIVE 320
    CINCINNATI,OH45241     		NONE PC GENERAL SUPPORT 1,000
    LENOIRGREENE UNITED WAY
    327 N QUEEN STREET 112
    KINSTON,NC28501     		NONE PC PIEDMONT NATURAL GAS FOUNDATION CONTRIBUTION TO THE LENOIR/GEENE UNITED WAY CAMPAIGN 1,350
    LENOIR-RHYNE UNIVERSITY
    LR BOX 7277 FINANCIAL AID OFFICE
    HICKORY,NC28603     		NONE PC GENERAL SUPPORT 2,500
    MARTIN COUNTY UNITED WAY INC
    PO BOX 623
    WILLIAMSTON,NC27892     		NONE PC GENERAL SUPPORT 350
    MECKLENBURG CITIZENS FOR PUBLIC EDUCATION
    129 WEST TRADE STREET SUITE 1555
    CHARLOTTE,NC28202     		NONE PC GENERAL SUPPORT 10,000
    MEHARRY MEDICAL COLLEGE
    1005 DB TODD JR BOULEVARD
    NASHVILLE,TN37208     		NONE NC-SCHOOL GENERAL SUPPORT 5,000
    METROPOLITAN ACTION COMMISSION
    1624 5TH AVENUE NORTH
    NASHVILLE,TN37208     		NONE PC SHARE THE WARMTH 5,950
    MID-CUMBERLAND COMMUNITY ACTION AGENCY
    PO BOX 310
    LEBANON,TN370880310     		NONE PC SHARE THE WARMTH 2,125
    MIRACLE HILL MINISTRIES INC
    PO BOX 2546
    GREENVILLE,SC29602     		NONE PC GENERAL SUPPORT 2,000
    MITCHELL-YANCEY COUNTY PARTNERSHIP FOR CHILDREN INC
    PO BOX 1387
    BURNSVILLE,NC287141387     		NONE PC GENERAL SUPPORT 1,250
    NEEDLINK NASHVILLE
    100 56TH AVENUE NORTH
    NASHVILLE,TN37209     		NONE PC GENERAL SUPPORT 5,000
    NORTH CAROLINA DEPARTMENT OF HEALTH AND HUMAN SERVICES
    325 NORTH SALISBURY STREET
    RALEIGH,NC27699     		NONE NC-GOVERNMENT PROJECT SHARE THE WARMTH 21,500
    NORTH CAROLINA WILDLIFE FEDERATION
    PO BOX 10626
    RALEIGH,NC276050626     		NONE PC GENERAL SUPPORT 10,000
    OUR TOWNS OF N MECKLENBURGS IREDELL HABITAT FOR HUMANITY
    PO BOX 1088
    DAVIDSON,NC28036     		NONE PC GENERAL SUPPORT 10,000
    PENCIL FOUNDATION
    421 GREAT CIRCLE ROAD SUITE 100
    NASHVILLE,TN372281407     		NONE PC GENERAL SUPPORT 2,500
    PLEASANT VALLEY CONNECTION INC
    510 OLD AUGUSTA ROAD
    GREENVILLE,SC296052131     		NONE PC GENERAL SUPPORT 5,000
    READING CONNECTIONS INC
    122 N ELM STREET SUITE 520
    GREENSBORO,NC27401     		NONE PC GENERAL SUPPORT 2,500
    ROANOKE VALLEY UNITED WAY (NC)
    PO BOX 760
    ROANOKE RAPIDS,NC278700760     		NONE PC GENERAL SUPPORT 1,150
    ROWAN COUNTY UNITED WAY INC
    1930 JAKE ALEXANDER W SUITE B
    SALISBURY,NC281471186     		NONE PC GENERAL SUPPORT 4,000
    SAFE HARBOR INC
    PO BOX 174
    GREENVILLE,SC296020174     		NONE PC GENERAL SUPPORT 25,000
    SALVATION ARMY - FAYETTEVILLE
    220 EAST RUSSELL STREET
    FAYETTEVILLE,NC28301     		NONE PC GENERAL SUPPORT 2,500
    SECOND HARVEST FOOD BANK OF MIDDLE TENNESSEE
    331 GREAT CIRCLE ROAD
    NASHVILLE,TN37228     		NONE PC GENERAL SUPPORT 6,000
    SMART START OF DAVIE COUNTY INC
    1278 YADKINVILLE ROAD
    MOCKSVILLE,NC27028     		NONE PC GENERAL SUPPORT 1,000
    SOUTH CAROLINA GOVERNOR'S OFFICE
    1205 PENDLETON STREET
    COLUMBIA,SC29209     		NONE NC-GOVERNMENT SHARE THE WARMTH 7,000
    SOUTH CAROLINA GOVERNOR'S SCHOOL FOR SCIENCE AND MATH FDN
    1201 MAIN STREET SUITE 2350
    COLUMBIA,SC29201     		NONE NC-SCHOOL GENERAL SUPPORT 5,000
    SPECIAL OLYMPICS NORTH CAROLINA INC
    2200 GATEWAY CENTRE BLVD SUITE 201
    MORRISVILLE,NC27560     		NONE PC GENERAL SUPPORT 2,000
    TEACH FOR AMERICA
    315 W 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		NONE PC GENERAL SUPPORT 10,000
    TENNESSEE STATE MUSEUM FOUNDATION INC
    505 DEADERICK STREET
    NASHVILLE,TN372431120     		NONE PC GENERAL SUPPORT 6,000
    TURNING POINT OF SOUTH CAROLINA INC
    24 BRUCE ROAD
    GREENVILLE,SC296054836     		NONE PC GENERAL SUPPORT 2,000
    UNITED ARTS COUNCIL OF GREENSBORO
    PO BOX 877
    GREENSBORO,NC27402     		NONE PC UNITED ARTS FUN 2013 7,500
    UNITED WAY OF ALAMANCE COUNTY
    PO BOX 1268
    BURLINGTON,NC272161268     		NONE PC AGENCY INITIATIVES 11,500
    UNITED WAY OF ALEXANDER COUNTY
    PO BOX 232
    TAYLORSVILLE,NC286810232     		NONE PC UNITED WAY CAMPAIGN 525
    UNITED WAY OF ANDERSON COUNTY
    PO BOX 2067
    ANDERSON,SC296222067     		NONE PC CORPORATE GIFT 3,900
    UNITED WAY OF BLADEN COUNTY
    PO BOX 2636
    ELIZABETHTOWN,NC283372636     		NONE PC UNITED WAY CAMPAIGN 175
    UNITED WAY OF CATAWBA COUNTY INC
    PO BOX 2425
    HICKORY,NC28603     		NONE PC 2012 GIVING FROM THE HEART VOLUNTEER AWARDS 3,800
    UNITED WAY OF CENTRAL CAROLINAS INC
    301 SOUTH BREVARD STREET
    CHARLOTTE,NC28202     		NONE PC ANNUAL CAMPAIGN 94,000
    UNITED WAY OF COASTAL CAROLINA INC
    601 BROAD STREET
    NEW BERN,NC28560     		NONE PC ANNUAL CAMPAIGN 1,000
    UNITED WAY OF CUMBERLAND COUNTY
    222 MAIDEN LANE
    FAYETTEVILLE,NC28301     		NONE PC UNITED WAY CAMPAIGN 7,100
    UNITED WAY OF DAVIDSON COUNTY - LEXINGTON NC
    PO BOX 492
    LEXINGTON,NC272930492     		NONE PC UNITED WAY CAMPAIGN 800
    UNITED WAY OF FORSYTH COUNTY
    301 N MAIN STREET SUITE 1700
    WINSTONSALEM,NC27101     		NONE PC UNITED WAY OF FORSYTH COUNTY CAMPAIGN 10,100
    UNITED WAY OF GREATER GREENSBORO
    P O BOX 14998
    GREENSBORO,NC274154998     		NONE PC UNITED WAY OF GREATER GREENSBORO ANNUAL CAMPAIGN 16,300
    UNITED WAY OF GREATER HIGH POINT
    201 CHURCH AVENUE
    HIGH POINT,NC272624805     		NONE PC GENERAL OPERATING SUPPORT 4,400
    UNITED WAY OF GREENVILLE COUNTY
    105 EDINBURGH COURT
    GREENVILLE,SC29607     		NONE PC 2013 UNITED WAY ANNUAL CAMPAIGN 15,100
    UNITED WAY OF HARNETT COUNTY
    PO BOX 1322
    DUNN,NC283351322     		NONE PC PIEDMONT NATURAL GAS CONTRIBUTION TO THE 2-1-1 PHONE FOR HARNETT COUNTY 350
    UNITED WAY OF LINCOLN COUNTY
    PO BOX 234
    LINCOLNTON,NC28093     		NONE PC UNITED WAY OF LINCOLN COUNTY 2013 CAMPAIGN 750
    UNITED WAY OF MIDDLE TENNESSEE INC
    250 VENTURE CIRCLE
    NASHVILLE,TN37228     		NONE PC UNITED WAY PIEDMONT GRANT 26,000
    UNITED WAY OF MITCHELL COUNTY INC
    31 CROSS STREET SUITE 210
    SPRUCE PINE,NC287770367     		NONE PC FUNDING FOR 10 COMMUNITY BASED AGENCIES 325
    UNITED WAY OF MOORE COUNTY
    375-D SOUTHEAST BROAD STREET
    SOUTHERN PINES,NC28387     		NONE PC COMMUNITY FUND/UNITED WAY CAMPAIGN 700
    UNITED WAY OF ONSLOW COUNTY INC
    PO BOX 5124
    JACKSONVILLE,NC28540     		NONE PC 2013 UNITED WAY CAMPAIGN 170
    UNITED WAY OF PITT COUNTY
    PO BOX 1028
    GREENVILLE,NC278351028     		NONE PC UNITED WAY CAMPAIGN 395
    UNITED WAY OF RANDOLPH COUNTY INC
    PO BOX 597
    ASHEBORO,NC272040597     		NONE PC UNITED WAY CAMPAIGN 1,550
    UNITED WAY OF RICHMOND COUNTY
    101 ROCKINGHAM ROAD
    ROCKINGHAM,NC28379     		NONE PC UNITED WAY OF RICHMOND COUNTY 2012 CAMPAIGN 1,100
    UNITED WAY OF ROBESON COUNTY
    PO BOX 2652
    LUMBERTON,NC28359     		NONE PC 2013 CAMPAIGN 1,650
    UNITED WAY OF ROCKINGHAM COUNTY INC
    PO BOX 317
    WENTWORTH,NC273750317     		NONE PC UNITED WAY CAMPAIGN 2,600
    UNITED WAY OF SAMPSON COUNTY INC
    PO BOX 1677
    CLINTON,NC28329     		NONE PC CAMPAIGN 2011/2012 450
    UNITED WAY OF SCOTLAND COUNTY
    PO BOX 742
    LAURINBURG,NC28353     		NONE PC 2013 UNITED WAY OF SCOTLAND COUNTY CAMPAIGN 570
    UNITED WAY OF THE GREATER TRIANGLE
    2400 PERIMETER PARK DRIVE 150
    MORRISVILLE,NC27560     		NONE PC GENERAL OPERATING SUPPORT 1,450
    UNITED WAY OF THE PIEDMONT
    PO BOX 5624
    SPARTANBURG,SC29304     		NONE PC UNITED WAY COMMUNITY IMPACT 8,000
    UNITED WAY OF WAYNE COUNTY INC
    PO BOX 73
    GOLDSBORO,NC275330073     		NONE PC COMMUNITY CAMPAIGN 1,080
    UNITED WAY TAR RIVER REGION
    230 SUNSET AVENUE FIRST FLOOR
    ROCKY MOUNT,NC278045734     		NONE PC UNITED WAY CAMPAIGN 985
    UPCOUNTRY HISTORY MUSEUM
    540 BUNCOMBE STREET
    GREENVILLE,SC29601     		NONE PC GENERAL SUPPORT 7,500
    VANDERBILT UNIVERSITY
    2201 WEST END AVENUE
    NASHVILLE,TN37235     		NONE NC-SCHOOL GENERAL SUPPORT 839
    WIN-WIN RESOLUTIONS INC
    122 N ELM STREET 516
    GREENSBORO,NC274012878     		NONE PC GENERAL SUPPORT 2,500
    YMCA OF GREATER CHARLOTTE
    500 E MOREHEAD STREET 300
    CHARLOTTE,NC28202     		NONE PC GENERAL SUPPORT 10,000
    YMCA OF HIGH POINT INC
    PO BOX 6258
    HIGH POINT,NC27262     		NONE PC GENERAL SUPPORT 2,500
    Total .................................bullet 3a 834,189
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    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
    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 98,902  
    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 .............     		    18 304,625  
    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).. 0 403,527 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13403,527
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    PIEDMONT NATURAL GAS FOUNDATION
     
    Employer identification number

    20-1786431
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    PIEDMONT NATURAL GAS FOUNDATION
          		Employer identification number

    20-1786431
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    PIEDMONT NATURAL GAS COMPANY  
    4720 PIEDMONT ROW DRIVE
     
    CHARLOTTE, NC28233

    		$550,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    PIEDMONT NATURAL GAS FOUNDATION
          		Employer identification number

    20-1786431
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    PIEDMONT NATURAL GAS FOUNDATION
          		Employer identification number

    20-1786431
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    PIEDMONT NATURAL GAS FOUNDATION
    EIN: 20-1786431
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUND INVESTMENT 7,809,750 7,809,750

    TY 2014 OtherExpensesSchedule
    Name:
    PIEDMONT NATURAL GAS FOUNDATION
    EIN: 20-1786431
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 66 0   66


    TY 2014 OtherIncreasesSchedule
    Name:
    PIEDMONT NATURAL GAS FOUNDATION
    EIN: 20-1786431
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    PIEDMONT NATURAL GAS FOUNDATION
    EIN: 20-1786431
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEE 7,610 7,610   0
    ADMINISTRATIVE FEES 72,310 2,169   70,141


    TY 2014 TaxesSchedule
    Name:
    PIEDMONT NATURAL GAS FOUNDATION
    EIN: 20-1786431
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 2,626 0   0