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
JOSEPH M WRIGHT CHAR FOUND INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 208   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SHELBY, NC28151
A Employer identification number

56-1872992
B Telephone number (see instructions)

(704) 487-8888
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$1,969,629J 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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 3,650 3,650 3,650
4 Dividends and interest from securities...... 40,362 40,362 40,362
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 72,413
b Gross sales price for all assets on line 6a 965,224
7 Capital gain net income (from Part IV, line 2)... 72,413
8 Net short-term capital gain......... 14,867
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)....... Click to see attachment 3,191   3,191
12 Total. Add lines 1 through 11........ 119,616 116,425 62,070
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,150 175    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,077 1,077    
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 23,562 19,773    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,789 21,025   0
25 Contributions, gifts, grants paid........ 118,000 118,000
26 Total expenses and disbursements. Add lines 24 and 25 145,789 21,025   118,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -26,173
b Net investment income (if negative, enter -0-) 95,400
c Adjusted net income (if negative, enter -0-)... 62,070
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...............      
2 Savings and temporary cash investments.......... 112,882 128,017 128,017
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,682,091 Click to see attachment1,639,156 1,841,612
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) Click to see attachment3,169 Click to see attachment4,796  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,798,142 1,771,969 1,969,629
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,798,142 1,771,969
30 Total net assets or fund balances (see instructions)...... 1,798,142 1,771,969
31 Total liabilities and net assets/fund balances (see instructions).. 1,798,142 1,771,969
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 1,798,142
2 Enter amount from Part I, line 27a..................... 2 -26,173
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,771,969
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,771,969
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 ALLIANCE DATA SYS COMMON P 2013-10-15 2014-03-12
b AVNET INC COM P 2013-09-05 2014-06-17
c COCA-COLA ENTERPRISES P 2014-01-08 2014-11-24
d GATX CORP P 2014-02-04 2014-09-11
e INTERNATIONAL PAPER CO P 2013-10-15 2014-01-07
KNOWLES CORP P 2013-04-03 2014-03-06
NEXTERA ENERGY P 2013-10-15 2014-01-07
ROWE PRICE NEW HORIZONS P 2013-10-23 2014-05-20
UNIVERSAL HEALTH SVCS P 2014-09-23 2014-11-24
ALLIANCE DATA SYS COMMON P 2013-04-03 2014-09-22
HALYARD HEALTH P 2013-09-04 2014-11-26
MYLAN LABORATORIES P 2011-09-16 2014-09-22
WALMART STORES P 2013-02-27 2014-03-12
ALLIANCE DATA SYS COMMON P 2013-10-15 2014-09-22
AVNET INC COM P 2013-09-06 2014-06-17
COCA-COLA ENTERPRISES P 2014-01-08 2014-11-25
GENERAL MILLS INC P 2014-03-13 2014-09-23
ISHARES TRUST S&P 400 MIDCAP P 2013-10-15 2014-05-20
KROGER CO P 2013-04-03 2014-01-07
NEXTERA ENERGY P 2013-04-03 2014-01-07
ROYAL CARIBBEAN CRUISES P 2014-03-13 2014-09-23
UNIVERSAL HEALTH SVCS P 2014-09-23 2014-11-25
AQR FDS RISK PARITY P 2012-07-30 2014-04-24
ISHARES TRUST S&P 400 MIDCAP P 2013-02-04 2014-05-20
MYLAN LABORATORIES P 2011-09-16 2014-09-23
WHIRLPOOL CORP P 2013-10-15 2014-11-24
ALLIANCE DATA SYS COMMON P 2014-06-13 2014-09-22
AVNET INC COM P 2013-09-05 2014-06-17
COMCAST CORP P 2013-12-02 2014-01-07
GENERAL MILLS INC P 2014-03-12 2014-09-23
JPMORGAN CHASE & CO P 2013-10-15 2014-06-13
KROGER CO P 2013-10-15 2014-01-07
OMEGA HEALTHCARE P 2013-12-02 2014-01-07
SEAGATE TECHNOLOGY P 2014-06-16 2014-11-24
VALERO ENERGY P 2014-03-12 2014-09-22
AQR FDS RISH PARITY P 2012-07-30 2014-10-31
JPMORGAN CHASE & CO P 2012-10-22 2014-06-13
NEWCASTLE INVT CORP P 2013-05-14 2014-08-25
WILLIAM BLAIR FDS P 2013-12-12 2014-12-15
AMERICAN BEACON FDS P 2013-10-23 2014-05-20
AVNET INC COM P 2013-09-06 2014-06-17
COMCAST CORP P 2013-11-29 2014-01-07
GENERAL MILLS INC P 2014-03-12 2014-09-23
JPMORGAN CHASE & CO P 2013-09-04 2014-06-13
LITMAN GREGORY MASTER ALT P 2014-04-24 2014-12-15
OMEGA HEALTHCARE P 2013-11-29 2014-01-07
SKYWORKS SOLUTIONS P 2014-03-13 2014-09-23
VIACOM INC P 2013-12-26 2014-09-22
ARTISAN FDS INC P 2013-10-23 2014-12-15
JPMORGAN TR INCOME OPP SEL P 2013-05-06 2014-12-15
OPPENHEIMER DVLPING MKTS P 2013-01-30 2014-09-22
AMGEN INC P 2014-06-13 2014-09-22
BB&T CORP P 2013-09-04 2014-06-13
COMCAST CORP P 2013-11-27 2014-01-07
HALLIBURTON CO P 2013-07-31 2014-01-07
JPMORGAN CHASE & CO P 2014-03-12 2014-06-13
LITMAN GREGORY MASTER ALT P 2014-08-28 2014-12-15
OMEGA HEALTHCARE P 2013-11-27 2014-01-07
SM ENERGY P 2013-10-15 2014-03-12
VIACOM INC P 2013-12-26 2014-09-22
BB&T CORP P 2013-04-03 2014-06-13
LORILLARD INC P 2013-06-24 2014-09-22
OPPENHEIMER DVLPING MKTS P 2011-09-15 2014-09-22
APPLE COMPUTER P 2014-01-07 2014-09-22
BB&T CORP P 2013-10-15 2014-06-13
CONOCOPHILLIPS P 2013-10-15 2014-06-13
HALLIBURTON CO P 2013-10-15 2014-01-07
JPMORGAN TR INCOME OPP SEL P 2013-10-15 2014-04-24
LITMAN GREGORY MASTER ALT P 2014-09-22 2014-12-15
OMEGA HEALTHCARE P 2013-11-27 2014-01-07
SM ENERGY P 2013-09-26 2014-03-12
VIACOM INC P 2013-12-26 2014-09-23
BLACKROCK FDS II STRG OPP P 2013-05-06 2014-05-20
LORILLARD INC P 2013-09-06 2014-09-22
OPPENHEIMER DVLPING MKTS P 2011-09-15 2014-12-15
APPLE COMPUTER P 2013-10-15 2014-09-22
CA INC P 2013-10-15 2014-06-13
COVIDIEN PLC P 2014-03-12 2014-09-23
HANESBRANDS INC P 2013-10-15 2014-03-12
JOHNSON CTLS P 2013-10-15 2014-03-12
LORILLARD INC P 2013-10-15 2014-06-13
OMNICARE INC P 2013-10-15 2014-03-12
SM ENERGY P 2013-09-26 2014-03-13
VIACOM INC P 2013-12-24 2014-09-23
DIGITAL RLTY TR P 2011-10-19 2014-09-11
LORILLARD INC P 2013-06-24 2014-09-22
PENNYMAC MTG INVT P 2013-05-14 2014-07-22
ARTISAN FDS INC P 2013-10-23 2014-09-22
CA INC P 2013-09-05 2014-06-13
CVS CORP P 2013-10-15 2014-03-12
HANESBRANDS INC P 2013-10-15 2014-06-13
JOHNSON CTLS P 2013-09-05 2014-03-12
LORILLARD INC P 2013-10-15 2014-09-22
OMNICARE INC P 2013-06-24 2014-03-12
SM ENERGY P 2013-09-27 2014-03-13
WALMART STORES P 2013-10-15 2014-03-12
DOVER CORP P 2013-04-03 2014-06-16
LORILLARD INC P 2013-09-05 2014-09-22
QUALCOMM INC P 2013-10-15 2014-11-24
AVNET INC COM P 2013-09-09 2014-03-12
CA INC P 2013-09-05 2014-06-13
DELTA AIR LINES P 2013-10-15 2014-03-12
HANESBRANDS INC P 2013-06-25 2014-06-13
JOHNSON CTLS P 2013-09-05 2014-03-12
LYONDELLBASELL INDUSTRIES P 2014-01-07 2014-03-13
OMNICARE INC P 2013-06-24 2014-03-13
STATE STREET CORP P 2013-06-24 2014-03-12
WALMART STORES P 2013-09-04 2014-03-12
EATON VANCE FLOATING RATE P 2013-05-13 2014-07-14
LORILLARD INC P 2013-09-04 2014-09-22
QUALCOMM INC P 2013-04-03 2014-11-24
AVNET INC COM P 2014-01-07 2014-06-16
CA INC P 2013-09-04 2014-06-13
DELTA AIR LINES P 2013-04-03 2014-03-12
HELMERICH & PAYNE P 2013-10-15 2014-03-12
JOHNSON CTLS P 2013-09-05 2014-03-13
LYONDELLBASELL INDUSTRIES P 2014-01-07 2014-09-23
OMNICARE INC P 2013-06-24 2014-03-13
STATE STREET CORP P 2013-06-24 2014-03-12
WELLS FARGO FDS ABSOLUTE P 2014-06-25 2014-12-15
EUROPACIFIC GROWTH FD P 2011-09-15 2014-12-15
MAINSTAY MARKETFIELD P 2013-05-06 2014-05-20
SEAGATE TECHNOLOGY P 2013-10-15 2014-11-24
AVNET INC COM P 2013-10-15 2014-06-16
CA INC P 2013-09-06 2014-06-13
DOVER CORP P 2014-03-12 2014-06-16
INTEL CORP P 2013-11-27 2014-03-12
JOHNSON CTLS P 2013-09-04 2014-03-13
MAGNA INTERNATIONAL P 2013-10-15 2014-03-12
PENNYMAC MTG INVT P 2014-02-04 2014-07-22
STATE STREET CORP P 2013-10-15 2014-03-12
WELLS FARGO FDS ABSOLUTE P 2014-09-22 2014-12-15
GATX CORP P 2013-05-14 2014-09-11
MAINSTAY MARKETFIELD P 2012-10-17 2014-10-31
TORTOISE ENERGY INFRASTRUCTURE P 2011-09-16 2014-07-22
AVNET INC COM P 2013-10-15 2014-06-17
CIGNA CORP P 2013-10-15 2014-03-12
DOVER CORP P 2013-10-15 2014-06-16
INTEL CORP P 2013-06-24 2014-03-12
KIMBERLY CLARK CORP P 2013-04-03 2014-03-12
MYLAN LABORATORIES P 2013-10-15 2014-03-12
QUALCOMM INC P 2014-01-07 2014-03-12
STATE STREET CORP P 2013-10-15 2014-03-13
WELLS FARGO FDS ABSOLUTE P 2014-04-24 2014-12-15
GATX CORP P 2011-09-16 2014-09-11
MAINSTAY MARKETFIELD P 2012-10-17 2014-10-31
UBS E-TRACS ALERIAN MLP P 2013-05-06 2014-07-14
AVNET INC COM P 2013-09-09 2014-06-17
CIGNA CORP P 2013-04-03 2014-03-13
EASTMAN CHEM CO P 2013-10-15 2014-03-12
INTEL CORP P 2013-10-15 2014-03-12
KLA-TENCOR CORP P 2013-10-15 2014-01-07
NEW MEDIA INVT GROUP P 2014-02-14 2014-02-27
QUALCOMM INC P 2014-06-13 2014-11-24
TORTOISE ENERGY INFRASTRUCTURE P 2014-02-04 2014-07-22
WHIRLPOOL CORP P 2014-09-22 2014-11-24
HALYARD HEALTH P 2013-04-03 2014-11-07
MAINSTAY MARKETFIELD P 2013-10-15 2014-10-31
UBS E-TRACS ALERIAN MLP P 2013-05-06 2014-07-14
AVNET INC COM P 2013-09-04 2014-06-17
CIGNA CORP P 2013-10-15 2014-03-13
EASTMAN CHEM CO P 2013-11-27 2014-03-12
INTERNATIONAL BUSINESS MACHS P 2014-01-07 2014-09-22
KLA-TENCOR CORP P 2013-04-03 2014-01-07
NEW MEDIA INVT GROUP P 2014-02-14 2014-07-22
QUALCOMM INC P 2014-01-07 2014-11-24
TRINITY INDUSTRIES P 2014-06-17 2014-09-23
WILLIAM BLAIR FDS P 2014-10-31 2014-12-15
HALYARD HEALTH P 2013-10-15 2014-11-07
MAINSTAY MARKETFIELD P 2013-10-15 2014-10-31
VANGUARD REIT ETF P 2011-09-15 2014-05-20
AVNET INC COM P 2013-09-05 2014-06-17
COCA-COLA ENTERPRISES P 2014-01-07 2014-11-24
EASTMAN CHEM CO P 2013-04-03 2014-03-12
INTERNATIONAL PAPER CO P 2013-04-03 2014-01-07
KNOWLES CORP P 2013-10-15 2014-03-06
NEW MEDIA INVT GROUP P 2014-02-14 2014-07-23
RAYTHEON CO P 2013-11-27 2014-03-12
UNION PAC CORP P 2013-10-15 2014-09-23
WYNDHAM WORLDWIDE P 2014-01-07 2014-06-13
HALYARD HEALTH P 2013-09-04 2014-11-07
MAINSTAY MARKETFIELD P 2013-05-06 2014-10-31
VANGUARD REIT ETF P 2011-09-15 2014-06-25
(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 1,988   1,577 411
b 563   514 49
c 4,094   4,111 -17
d 507   452 55
e 2,446   2,247 199
1,335   1,037 298
2,289   2,184 105
26,444   28,371 -1,927
4,875   5,321 -446
8,453   5,601 2,852
15   12 3
5,870   2,608 3,262
6,858   6,543 315
966   901 65
130   118 12
5,691   5,702 -11
404   412 -8
12,999   12,096 903
7,558   6,319 1,239
7,205   6,684 521
1,543   1,176 367
6,861   7,472 -611
14,719   15,084 -365
11,916   9,633 2,283
4,400   1,987 2,413
919   658 261
1,932   2,157 -225
1,689   1,538 151
1,208   1,147 61
8,581   8,726 -145
1,422   1,317 105
2,571   2,739 -168
3,015   3,231 -216
1,723   1,446 277
9,035   10,430 -1,395
15,762   15,454 308
7,052   5,184 1,868
4   7 -3
6,754   6,760 -6
26,950   28,678 -1,728
2,036   1,847 189
683   647 36
2,675   2,714 -39
1,706   1,556 150
17,409   17,364 45
4,203   4,498 -295
5,081   3,335 1,746
5,003   5,401 -398
21,289   21,440 -151
33,025   33,959 -934
23,840   21,653 2,187
1,414   1,157 257
1,378   1,222 156
53   50 3
7,827   7,070 757
2,047   2,083 -36
9,397   9,397  
2,193   2,362 -169
2,155   2,506 -351
397   428 -31
7,658   6,090 1,568
7,642   5,612 2,030
4,650   3,721 929
2,824   2,161 663
2,987   2,625 362
1,657   1,436 221
2,659   2,689 -30
27,106   26,970 136
6,827   6,827  
487   487  
1,077   1,163 -86
2,260   2,482 -222
19,144   19,051 93
1,791   1,303 488
28,138   27,320 818
303   214 89
2,250   2,313 -63
14,844   11,947 2,897
1,983   1,649 334
2,014   1,791 223
1,401   1,088 313
2,761   2,714 47
425   465 -40
2,026   2,223 -197
927   820 107
1,373   998 375
2,417   2,685 -268
29,235   28,246 989
3,086   3,157 -71
652   533 119
1,618   1,161 457
1,265   1,122 143
597   473 124
3,739   3,079 660
5,106   5,540 -434
2,789   2,776 13
7,834   5,260 2,574
179   129 50
2,296   2,187 109
628   602 26
981   1,003 -22
1,005   697 308
511   303 208
5,480   4,861 619
817   711 106
3,682   3,031 651
7,223   7,021 202
1,582   1,530 52
28,758   29,041 -283
418   298 120
7,104   6,565 539
1,954   1,893 61
808   825 -17
485   211 274
3,053   2,318 735
2,258   1,994 264
2,025   1,423 602
863   703 160
397   383 14
7,424   7,912 -488
22,147   17,309 4,838
13,493   13,036 457
928   660 268
1,303   1,257 46
1,875   1,910 -35
1,780   1,628 152
1,785   1,715 70
235   207 28
2,604   2,294 310
173   189 -16
596   607 -11
14,604   15,324 -720
1,078   913 165
899   847 52
2,484   1,902 582
1,256   1,215 41
2,144   2,127 17
2,492   2,099 393
6,842   6,534 308
1,095   995 100
1,268   949 319
1,151   1,095 56
1,893   1,958 -65
10,343   10,749 -406
4,818   2,734 2,084
46,875   44,199 2,676
7,884   6,900 984
433   401 32
6,884   5,705 1,179
2,476   2,298 178
2,281   2,157 124
1,247   1,245 2
13   13  
1,292   1,423 -131
1,147   1,025 122
1,470   1,233 237
288   256 32
899   977 -78
27,816   24,511 3,305
433   397 36
391   394 -3
1,110   996 114
1,157   1,141 16
3,740   3,114 626
58   52 6
1,005   1,022 -17
2,299   2,017 282
24,483   25,838 -1,355
135   116 19
9,152   9,950 -798
3,717   2,720 997
1,603   1,466 137
1,673   1,671 2
7,685   6,122 1,563
7,729   7,557 172
425   414 11
175   157 18
900   803 97
1,843   1,331 512
10,571   10,594 -23
60   50 10
899   908 -9
9,980   7,230 2,750
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       411
b       49
c       -17
d       55
e       199
      298
      105
      -1,927
      -446
      2,852
      3
      3,262
      315
      65
      12
      -11
      -8
      903
      1,239
      521
      367
      -611
      -365
      2,283
      2,413
      261
      -225
      151
      61
      -145
      105
      -168
      -216
      277
      -1,395
      308
      1,868
      -3
      -6
      -1,728
      189
      36
      -39
      150
      45
      -295
      1,746
      -398
      -151
      -934
      2,187
      257
      156
      3
      757
      -36
       
      -169
      -351
      -31
      1,568
      2,030
      929
      663
      362
      221
      -30
      136
       
       
      -86
      -222
      93
      488
      818
      89
      -63
      2,897
      334
      223
      313
      47
      -40
      -197
      107
      375
      -268
      989
      -71
      119
      457
      143
      124
      660
      -434
      13
      2,574
      50
      109
      26
      -22
      308
      208
      619
      106
      651
      202
      52
      -283
      120
      539
      61
      -17
      274
      735
      264
      602
      160
      14
      -488
      4,838
      457
      268
      46
      -35
      152
      70
      28
      310
      -16
      -11
      -720
      165
      52
      582
      41
      17
      393
      308
      100
      319
      56
      -65
      -406
      2,084
      2,676
      984
      32
      1,179
      178
      124
      2
       
      -131
      122
      237
      32
      -78
      3,305
      36
      -3
      114
      16
      626
      6
      -17
      282
      -1,355
      19
      -798
      997
      137
      2
      1,563
      172
      11
      18
      97
      512
      -23
      10
      -9
      2,750
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 72,413
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 14,867
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 115,758 1,933,560 0.059868
2012 79,962 1,830,336 0.043687
2011 96,195 1,959,488 0.049092
2010 83,661 1,855,476 0.045089
2009 105,748 1,685,654 0.062734
2 Total of line 1, column (d) ...................... 2 0.260470
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 0.052094
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,996,600
5 Multiply line 4 by line 3....................... 5 104,011
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 954
7 Add lines 5 and 6......................... 7 104,965
8 Enter qualifying distributions from Part XII, line 4.............. 8 118,000
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)
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 1 954
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 954
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 954
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,296
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 3,296
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,342
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,342 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
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 ofbulletHOYT Q BAILEY Telephone no.bullet (704) 487-8888
    Located atbullet600 POLKVILLE ROADSHELBYNC ZIP+4bullet28150
    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
     
     
    .........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
     
     
    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
    HOYT Q BAILEY CEO
    4.00     		0 0 0
    PO BOX 208
    SHELBY,NC28151
    HOYT G TESSENER PRESIDENT
    3.00     		0 0 0
    2105 PRESCOTT PLACE
    RALEIGH,NC27615
    MELANIE KNIGHT VP
    1.00     		0 0 0
    4017 LAKE POINT CIRCLE
    RALEIGH,NC27606
    CYNTHIA BUCKINGHAM VP
    1.00     		0 0 0
    7540 DRAYTON COURT
    RALEIGH,NC27615
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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 N/A  
    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.)
    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
    1,865,009
    b
    Average of monthly cash balances.......................
    1b
    159,545
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,451
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,027,005
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,027,005
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    30,405
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,996,600
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    99,830
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    99,830
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    954
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    954
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    98,876
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    98,876
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    98,876
    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
    118,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    118,000
    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
    954
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    117,046
    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 98,876
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 67,542
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 118,000
    a Applied to 2013, but not more than line 2a 67,542
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 50,458
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		48,418
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    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 e-mail address of the person to whom applications should be addressed:
    HOYT Q BAILEY
    600 POLKVILLE ROAD
    SHELBY,NC28150
    (704) 487-8888
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT RECIPIENT IS AN EXEMPT CHARITABLE ORGANIZATION, AND MUST INCLUDE FACTS TO SUPPORT NEED.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    BAPTIST CHILDREN'S HOMES OF NC
    PO BOX 338
    THOMASVILLE,NC27361     		N/A 501(C)3 GENERAL SERVICES 2,000
    BOYS & GIRLS CLUB OF CLEVELAND COUN
    PO BOX 2001
    SHELBY,NC28151     		N/A 501(C)3 ONGOING OPERATIONS 1,000
    BROTHERS IN CHRIST OUTREACH MINISTR
    PO BOX 1264
    SHELBY,NC28151     		N/A 501(C)3 YOUTH DEVELOPMENT 4,000
    CLEVELAND COMMUNITY COLLEGE FDN
    137 S POST STREET
    SHELBY,NC28150     		N/A 501(C)3 EDUCATION 1,000
    CLEVELAND COUNTY ARTS COUNCIL
    111 S WASHINGTON STREET
    SHELBY,NC28150     		  501(C)2 ARTS & CULTURE 1,000
    CLEVELAND COUNTY HUMANE SOCIETY
    1609 E MARION STREET
    SHELBY,NC28150     		N/A 501(C)3 ANIMAL CARE 2,500
    CLEVELAND COUNTY RESCUE MISSION
    PO BOX 1272
    SHELBY,NC28151     		N/A 501(C)3 HOUSING 3,000
    CLEVELAND RUTHERFORD KIDNEY ASSOC
    1017 N WASHINGTON STREET
    SHELBY,NC28150     		  501(C)3 DISEASE RESEARCH 5,000
    COMMUNITIES IN SCHOOLS
    215 S WASHINGTON ST 104
    SHELBY,NC28150     		N/A 501(C)3 EDUCATION 250
    CROSSROADS RESCUE MISSION
    PO BOX 2090
    SHELBY,NC28151     		N/A 501(C)3 HUMAN SERVICES 2,000
    EMPTY STOCKING FUND
    315 E GRAHAM STREET
    SHELBY,NC28150     		N/A 501(C)3 GENERAL SERVICES 10,000
    ESKRIDGE GROVE BAPTIST CHURCH
    634 WASHBURN SWITCH ROAD
    SHELBY,NC28151     		  501(C)3 MEMORIAL GIFT 1,000
    FIRST BAPTIST CHURCH
    120 N LAFAYETTE STREET
    SHELBY,NC28150     		N/A 501(C)3 ONGOING OPERATIONS 26,500
    GREATER CLEVELAND COUNTY BAPTIST AS
    1175 WYKE ROAD
    SHELBY,NC28150     		N/A 501(C)3 THE POOR 10,000
    GWU SCHOOL OF DIVINITY
    PO BOX 997
    BOILING SPRINGS,NC28017     		N/A 501(C)3 SCHOLARSHIP 10,000
    GWU WOMEN'S ATHLETIC PROGRAM
    PO BOX 997
    BOILING SPRINGS,NC28017     		N/A 501(C)3 STUDENT ACTIVITIES 2,500
    HOSPICE OF CLEVELAND COUNTY
    951 WENDOVER HEIGHTS DRIV
    SHELBY,NC28150     		N/A 501(C)3 HEALTH CARE 2,000
    INTERFAITH FOOD SHUTTLE
    PO BOX 14638
    RALEIGH,NC27620     		N/A 501(C)3 AGRICULTURE, FOOD, NUTRITION 500
    K RAY HILL MINISTRY
    PO BOX 25942
    RALEIGH,NC27611     		N/A 501(C)3 CHURCH OPERATIONS 5,000
    LIFE ENRICHMENT CENTER
    110 LIFE ENRICHMENT BLVD
    SHELBY,NC28150     		N/A 501(C)3 PROGRAMS FOR DISABLED 500
    MAKENZIE HEARING FUND
    131 N LAFAYETTE STREET
    SHELBY,NC28150     		  501(C)3 DISEASE RESEARCH 500
    MASTERS HOUSE
    727 POLKVILLE ROAD
    SHELBY,NC28150     		N/A 501(C)3 SUBSTANCE ABUSE 2,000
    MENTAL HEALTH ASSOCIATION
    PO BOX 623
    SHELBY,NC28151     		  501(C)3 MENTAL HEALTH SERVICES 1,000
    MULTIPLE SCLEROSIS SOCIETY
    PO BOX 25489
    RALEIGH,NC27611     		  501(C)3 DISEASE RESEARCH 100
    NAACP
    108 W WARREN STREET
    SHELBY,NC28150     		N/A 501(C)3 GENERAL SERVICES 2,000
    NC AG FOUNDATION (4H)
    130 S POST ROAD
    SUITE 1
    SHELBY,NC28152     		  501(C)3 ANIMAL WELFARE 12,000
    NEWSPAPERS IN EDUCATION
    PO BOX 48
    SHELBY,NC28151     		N/A 501(C)3 STUDENTS 1,000
    NOAH'S ARK WILDLIFE CENTER
    PO BOX 136
    SANDY RIDGE,NC27046     		N/A 501(C)3 ANIMAL WELFARE 1,600
    PENLAND SCHOOL OF CRAFTS
    PO BOX 37
    PENLAND,NC28765     		N/A 501(C)3 ARTS & CULTURE 500
    SALVATION ARMY
    PO BOX 1764
    SHELBY,NC28151     		N/A 501(C)3 PUBLIC SERVICE 3,000
    STEP UP MINISTRY
    1701 OBERLIN ROAD
    RALEIGH,NC27608     		N/A 501(C)3 YOUTH DEVELOPMENT 1,000
    UNC TV
    PO BOX 600067
    RALEIGH,NC27675     		  501(C)3 ARTS & CULTURE 200
    UNITED WAY
    132 W GRAHAM STREET
    SHELBY,NC28150     		N/A 501(C)3 GENERAL SERVICES 1,000
    VIETNAM VETERANS MEMORIAL FUND
    PO BOX 96764
    WASHINGTON,DC20090     		N/A 501(C)3 VETERANS SERVICES 100
    WILDLIFE WELFARE INC
    PO BOX 19432
    RALEIGH,NC27619     		  501(C)3 ANIMAL WELFARE 1,250
    YOUNG LIFE
    PO BOX 2920
    COLORADO SPRINGS,CO80901     		N/A 501(C)3 YOUTH PROGRAMS 1,000
    Total .................................bullet 3a 118,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 ............     		    14 3,650  
    4 Dividends and interest from securities....     14 40,362  
    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 .............     		    25 72,413  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aNONDIVIDEND DISTRIBUTIONS     14 3,191  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   119,616  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13119,616
    (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

    TY 2014 AccountingFeesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,975      
    ACCOUNTING FEES - FIFTH THIRD 175 175    

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 8,941 13,939
    ABSOLUTE STRATEGIES    
    AETNA INC 11,889 14,390
    AFLAC, INC.    
    AGILENT TECHNOLOGIES, INC.    
    AIRCASTLE LTD ADR 4,175 5,556
    ALERIAN MLP ETF    
    ALERIAN MLP ETN 16,022 16,704
    ALLIANCE DATA SVS    
    ALLIANT CORP    
    ALLIED WORLD ASSURANCE ADR    
    ALLSTATE CORP 12,308 15,806
    AMDOCS LIMITED 11,227 11,570
    AMERICAN BEACON FDS SMALL CAP 41,498 36,927
    AMERICAN CAMPUS COMMUNITIES INC    
    AMERICAN CAP AGY CORP    
    AMERICAN CAP LTD    
    AMERICAN HOMES 4 RENT 4,293 4,264
    AMERICAN INTL GROUP, INC.    
    AMERIPRISE FINANCIAL 12,522 14,944
    AMGEN INC 9,726 14,495
    ANHEUSSER BUSCH INBEV    
    ANNALY CAPITAL MANAGEMENT INC    
    APPLE INC 7,897 13,577
    AQR FDS RISK PARITY FD    
    AQR FDS RISK PARITY FD CL    
    ARTISAN INTERNATIONAL INV 37,870 38,201
    AT&T INC 10,123 10,312
    ATMEL CORP    
    AVNET INC    
    BANCO LATINOAMERICAN DE COMMERCIO EX 4,506 7,405
    BB&T CORP    
    BHP BILLITON FIN LTD 25,570 25,395
    BLACKROCK FDS II 76,522 75,361
    BOEING, CO 9,131 11,438
    BRISTOL MYERS SQUIBB CO    
    CA INC    
    CAPITAL ONE FINL CORP    
    CDW CORP 13,416 13,470
    CENTURYLINK INC.    
    CHEVRON CORP 11,554 11,779
    CIGNA CORP    
    CISCO SYSTEMS 12,521 13,935
    CMS ENERGY CORP 8,726 10,946
    COACH INC    
    COCA COLA CO    
    COMCAST CORP 11,886 13,690
    CONOCOPHILLIPS 10,602 11,257
    CVS HEALTH CORPORATION 8,864 15,313
    CVS/CAREMARK CORP    
    DANA LARGE CAP EQUITY INST 114,782 113,912
    DELTA AIR LINES 4,810 15,692
    DEUTSCHE BK AG LONDON 28,695 27,772
    DIGITAL RLTY TR INC 3,012 3,448
    DISCOVER FINANCIAL SERVICES 9,491 13,425
    DODGE & COX INCOME FUND 76,299 75,679
    DONAHER CORP    
    DOVER CORP    
    DR PEPPER SNAPPLE GROUP 13,526 13,332
    DU PONT E I DE NEMOURS & CO 3,984 5,989
    EAST WEST BANCORP INC    
    EASTMAN CHEM CO    
    EATON CORP PLC SHS 4,403 5,165
    EATON VANCE MUT FDS TR    
    EATON VANCE TAX MAN GLBL BR 2,055 2,821
    EPR PPPTYS 5,092 5,763
    EUROPACIFIC GROWTH FD 29,239 37,451
    EXXON MOBIL CORP 12,259 12,388
    F5 NETWORKS INC    
    GANNETT INC 4,983 7,631
    GATX CORP    
    GENERAL ELECTRIC CO 4,603 5,003
    GENUINE PARTS CO 4,235 7,673
    GILEAD SCIENCES INC 12,939 11,500
    GLOBAL FDS GLB    
    GOOGLE INC    
    HALLIBURTON CO    
    HANESBRANDS INC 6,278 14,064
    HCA HOLDINGS 13,552 14,311
    HELMERICH & PAYNE INC 9,095 8,967
    HERCULES TECHNOLOGY GROWTH 3,156 4,598
    HONEYWELL INTL INC 5,718 8,893
    HOSPITALITY PPTYS TR 4,386 5,642
    HOTCHKIS & WILEY FUNDS 59,273 57,787
    IBM 11,520 10,268
    INTEL CORP 12,490 13,028
    INTERNATIONAL PAPER CO    
    INVESCO MORTGAGE CAPITAL INC 2,950 2,304
    ISHARES CORE S&P MID-CAP ETF 55,836 84,853
    ISHARES S&P MIDCAP 400    
    ISHARES S&P PFD STK INDX FN 8,931 9,268
    JOHNSON & JOHNSON 11,186 13,385
    JOHNSON CTLS INC    
    JP MORGAN CHASE & CO    
    JP MORGAN TR INCOME OPP SEL 34,790 34,466
    JPMORGAN CHASE & CO 28,710 27,971
    KIMBERLY CLARK CORP 10,023 12,363
    KLA TENCOR CORP    
    KRAFT FOODS INC 1,187 1,942
    KROGER CO 12,474 15,346
    LINCOLN NATL CORP IND 10,894 13,898
    LITMAN GREGORY MASTER ALT 34,618 33,903
    LOCKHEED MARTIN CORP    
    LORILLARD INC.    
    LTC PPTYS INC 3,216 4,274
    LYONDELLBASELL INDUSTRIES 8,140 8,177
    MACYS INC 12,791 14,597
    MAGNA INTL INC 8,148 13,695
    MAINSTAY FDS TR    
    MASTERCARD INC    
    MCKESSON CORP 10,909 13,700
    MEDTRONIC INC    
    MERCK & CO INC    
    METLIFE INC 10,791 12,765
    MFS GOVT MKTS INCOME TR 1,878 1,667
    MICROCHIP TECHNOLOGY INC 5,951 8,075
    MICROSOFT CORP    
    MONDELEZ INTL INC.    
    MOODYS CORP    
    MYLAN INC    
    NATIONAL HALTH INVS INC 4,471 6,156
    NATIONAL OILWELL INC    
    NEW RESIDENTIAL INVT CORP 1,808 1,724
    NEW SENIOR INVESTMENT GROUP 770 642
    NEWCASTLE INVESTMENT CORP 2,762 175
    NEXTERA ENERGY INC    
    NOBLE CORP    
    NORFOLK SOUTHERN CORP    
    NORTHEAST UTILS    
    OCCIDENTAL PETROLEUM CORP 25,283 25,144
    OCCITENTAL PETE CORP    
    OLIN CORP 6,132 6,672
    OMEGA HEALTHCARE INVS INC 4,515 8,830
    OMNICARE INC    
    OPPENHEIMER DEVELOPING MARKETS 34,580 38,390
    OPPENHEIMER INTL BD FD 35,824 32,275
    ORACLE CORP 9,093 13,356
    PACKAGING CORP AMER 12,603 13,893
    PENNYMAC MTG INVT TR    
    PFIZER INC 4,840 7,476
    PHILIP MORRIS INTL 28,991 28,166
    PIMCO ALL ASSET ALL AUTH FUND    
    PIMCO TOTAL RETURN FUND    
    PNC FINANCIAL SERVICES GROUP 12,613 13,137
    POWERSHARES EXCHANGE TRADED FD    
    POWERSHARES EXCHANGE-TRADED FD    
    POWERSHARES SENIORLOAN PORTFOLIO 4,727 4,566
    PULTE GROUP, INC    
    QUALCOMM INC    
    RAYONIER INC    
    RAYTHEON CO 9,985 12,115
    REALTY INCOME CORP 2,504 3,197
    ROCKWOOD HOLDINGS INC    
    ROYAL CARIBBEAN CRUISES 9,951 16,074
    SANDISK CORP    
    SBA COMMUNICATIONS CORP    
    SCHLUMBERGER LTD 11,457 10,932
    SEAGATE TECHNOLOGY PLC SHS 7,535 12,901
    SKYWORKS SOLUTIONS 8,128 15,923
    SM ENERGY CO    
    SPDR S&P 500 ETF TRUST    
    STATE STREET CORP    
    SUNTRUST BKS 12,665 13,199
    SYMANTEC CORP 4,223 4,361
    T ROWE PRICE NEW HORIZONS FD 41,859 39,402
    T ROWE PRICE SMALL CAP STOCK FUND 6    
    TCW FDS    
    TE CONNECTIVITY LTD 12,978 13,346
    TELEFONICA BRASIL    
    TJX COS INC    
    TORTOISE ENERGY INFRASTRUCTURE CORP 10,111 11,205
    TRINITY INDS 9,991 6,666
    TUPPERWARE BRANDS CORP    
    TYSON FOODS 12,465 13,230
    UBS E-TRACS ALERIAN MLP INFRASTR 18,998 20,341
    UNILEVER    
    UNION PAC CORP 7,486 12,509
    UNITED TECHNOLOGIES CORP 10,381 12,190
    UNITEDHEALTH GROUP INC.    
    US EQUITY HIGH VOLATIL 4,158 3,790
    VANGUARD REIT ETF 39,488 58,806
    VERIZON COMMUNICATIONS 6,390 7,344
    VIACOM INC    
    WAL-MART STORES    
    WALGREEN CO    
    WELLS FARGO & CO 8,653 12,499
    WELLS FARGO FDS ABSOLUTE RET 35,162 33,581
    WHIRLPOOL CORP 8,369 13,949
    WILLIAM BLAIR FDS ALLOC 33,681 33,005
    WINDSTREAM CORP    
    XCEL ENERGY 8,439 10,920

    TY 2014 OtherAssetsSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT ON LAND 2,451 2,451  
    ESTIMATED TAXES 713 2,342  
    ROUNDING 5 3  


    TY 2014 OtherExpensesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MANAGEMENT FEES 19,773 19,773    
    OUTSIDE CONTRACT SERVICES 3,600      
    BANK CHARGES 89      
    TRAVEL EXPENSES 100      


    TY 2014 OtherIncomeSchedule2
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NONDIVIDEND DISTRIBUTIONS 3,191   3,191


    TY 2014 TaxesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID ON INVESTMENT 206 206    
    EXCISE TAX 871 871