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
JAMES M BARNETT JR FOUNDATION INC
PERRY & WALTERS LLP

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 71209   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALBANY, GA31708
A Employer identification number

56-2360848
B Telephone number (see instructions)

(229) 439-4000
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$6,559,064J 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 20,153 20,153  
4 Dividends and interest from securities...... 132,632 132,632  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,352,537
b Gross sales price for all assets on line 6a 6,909,705
7 Capital gain net income (from Part IV, line 2)... 1,352,537
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........ 1,505,322 1,505,322  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,650 0   0
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 4,750 0   4,750
c Other professional fees (attach schedule).... Click to see attachment 85,699 85,699   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,098 4,996   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 12,625 12,211   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 120,822 102,906   4,750
25 Contributions, gifts, grants paid........ 254,850 254,850
26 Total expenses and disbursements. Add lines 24 and 25 375,672 102,906   259,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,129,650
b Net investment income (if negative, enter -0-) 1,402,416
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............... 179,452 111,492 111,492
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...........      
10a Investments—U.S. and state government obligations (attach schedule) 428,167 Click to see attachment798,536 802,187
b Investments—corporate stock (attach schedule)........ 4,417,646 Click to see attachment5,116,249 5,394,130
c Investments—corporate bonds (attach schedule)........ 114,218 Click to see attachment241,087 241,135
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 attachment8,351 Click to see attachment10,120 Click to see attachment10,120
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,147,834 6,277,484 6,559,064
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 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......... 4,468,047 4,468,047
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 679,787 1,809,437
30 Total net assets or fund balances (see instructions)...... 5,147,834 6,277,484
31 Total liabilities and net assets/fund balances (see instructions).. 5,147,834 6,277,484
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 5,147,834
2 Enter amount from Part I, line 27a..................... 2 1,129,650
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 6,277,484
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 6,277,484
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
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 2,196,342   2,147,752 48,590
b 4,699,319   3,409,416 1,289,903
c 14,044     14,044
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       48,590
b       1,289,903
c       14,044
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 1,352,537
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 211,620 5,998,817 0.035277
2012 155,694 5,482,332 0.028399
2011 146,603 5,282,238 0.027754
2010 145,910 4,918,206 0.029667
2009 279,326 4,214,606 0.066276
2 Total of line 1, column (d) ...................... 2 0.187373
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 0.037475
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,486,653
5 Multiply line 4 by line 3....................... 5 243,087
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 14,024
7 Add lines 5 and 6......................... 7 257,111
8 Enter qualifying distributions from Part XII, line 4.............. 8 259,600
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 14,024
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 14,024
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 14,024
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 10,120
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,620
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 18
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 21,578
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet14,040 RefundedBullet 11 7,538
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)
    bulletGA
    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 addressbulletJAMESBARNETTFDN.ORG
    14
    The books are in care ofbulletPERRY WALTERS LLP Telephone no.bullet (229) 439-4000
    Located atbullet212 NORTH WESTOVER BLVDALBANYGA ZIP+4bullet31708
    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
     
    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
     
    No
    .........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
    JAMES E REYNOLDS JR DIRECTOR
    1.00     		1,600 0 0
    212 N WESTOVER BLVD
    ALBANY,GA31708
    J HUFF CROXTON DIRECTOR
    1.00     		650 0 0
    212 N WESTOVER BLVD
    ALBANY,GA31708
    HELEN KIRBO DIRECTOR
    1.00     		400 0 0
    212 N WESTOVER BLVD
    ALBANY,GA31708
    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
    6,397,810
    b
    Average of monthly cash balances.......................
    1b
    187,625
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,585,435
    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
    6,585,435
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    98,782
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,486,653
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    324,333
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    324,333
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    14,024
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,024
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    310,309
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    310,309
    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
    310,309
    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
    259,600
    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
    259,600
    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
    14,024
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    245,576
    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 7 310,309
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 252,331
    b Total for prior years:20, 20, 20 0
    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......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 259,600
    a Applied to 2013, but not more than line 2a 252,331
    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..... 7,269
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		303,040
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    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:
    JAMES E REYNOLDS JR
    212 N WESTOVER BLVD
    ALBANY,GA31708
    (229) 439-4000
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMITTED IN WRITING TO THE FOUNDATION STATING REASON FOR THE NEED AND GOALS TO BE ACHIEVED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALBANY MUSEUM OF ART
    311 MEADOWLARK DRIVE
    ALBANY,GA31707     		NONE   VISUAL ARTS SUPPORT 52,500
    ALBANY STATE UNIVERSITY
    504 COLLEGE DRIVE
    ALBANY,GA31705     		NONE   PROVIDE SCHOLARSHIPS 10,000
    ALBANY SYMPHONY
    504 COLLEGE DRIVE
    ALBANY,GA31707     		NONE   MUSIC EDUCATION 50,000
    ANDREA JOHNSON
    513 NW 44TH TERR
    KANSAS CITY,MO64116     		NONE   SCHOLARSHIP 1,000
    ANDREW COLLEGE
    501 COLLEGE STREET
    CUTHBERT,GA39840     		NONE   TO PROVIDE SCHOLARSHIPS 10,000
    BRANDON KEITH PLYMEL
    268 NORMAN ESTATES
    MOULTRIE,GA31788     		NONE   SCHOLARSHIP 1,000
    BRANDON M SMITH
    311 HUNTERS RUN
    JEFFERSON,GA30549     		NONE   SCHOLARSHIP 600
    DARTON COLLEGE FOUNDATION
    2400 GILLIONVILLE ROAD
    ALBANY,GA31707     		NONE   PROVIDE SCHOLARSHIPS 20,000
    FLINT RIVERQUARIUM
    101 PINE AVENUE
    ALBANY,GA31701     		NONE   PROVIDE EDUCATIONAL PROGRAMS 65,000
    JOHN AND HEATHER SPENCER
    2709 WEST MEADE ROAD
    ALBANY,GA31721     		NONE   SCHOLARSHIP 6,000
    KENNETH BECK
    146 DADFORD DRIVE
    ALBANY,GA31721     		NONE   SCHOLARSHIP 1,500
    MARK WILLIARD
    2202 WESLEY ROAD
    ALBANY,GA31721     		NONE   SCHOLARSHIP 7,500
    S KYLE MOORE
    523 FLORENCE DRIVE
    MADISON,MS39110     		NONE   SCHOLARSHIP 1,000
    SAMMY ALDAY
    7069 HWY 39 SOUTH
    DONALSONVILLE,GA39845     		NONE   SCHOLARSHIP 3,000
    SCHOOL OF MUSIC - ASHLEY G DANYEW
    PO BOX 554
    WESTMINISTER,MA01473     		NONE   SCHOLARSHIP 7,500
    STERLING R BOYD
    5110 ERIN ROAD
    ATLANTA,GA30331     		NONE   SCHOLARSHIP 1,250
    THEATRE ALBANY
    514 PINE AVENUE
    ALBANY,GA31701     		NONE   THEATRICAL PRODUCTION 15,000
    TIMOTHY DEMOTT
    1005 MACON HWY APT 1717
    ATHENS,GA30606     		NONE   SCHOLARSHIP 500
    TROY STATE UNIVERSITY
    600 UNIVERSITY DRIVE
    TROY,AL36081     		NONE   SCHOLARSHIP 1,500
    Total .................................bullet 3a 254,850
    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 ............     		    14 20,153  
    4 Dividends and interest from securities....     14 132,632  
    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 1,352,537  
    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 1,505,322 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,505,322
    (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:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,750 0   4,750

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS GRP INC 80,489 80,004
    APPLE INC 80,796 81,759
    CITIGROUP INC 79,802 79,372

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 6,504 6,806
    SVENSKA 7,096 6,950
    AFLAC INC 15,331 15,700
    AIA GROUP LTD 30,624 30,588
    AMDOCS LTD 6,709 6,532
    ABBOTT LABORATORIES 12,830 14,677
    ACE LIMITED 33,224 34,579
    ACTAVIS PLC 9,420 9,782
    ACTIVISION BLIZZARD INC 22,062 21,661
    AETNA INC(NEW) 11,374 11,992
    AIR LIQUIDE ADR 9,629 9,860
    AJINOMOTO INC 12,847 12,558
    AKAMAI TECH INC 13,895 26,568
    ALEXION PHARMACEUTICALS 18,685 18,503
    ALEXANDRIA REAL ESTATE 13,203 14,110
    ALLEGHENY TECHNOLOGIES 11,154 13,873
    ALLERGAN INC 21,076 23,172
    ALLSTATE CORP 10,092 10,818
    ALTRIA GROUP INC 5,866 5,813
    AMAZON COM INC 18,908 16,448
    AMCOR LTD 8,758 9,500
    AMERICAN CAPITAL AGENCY 4,486 4,388
    AMERICAN ELECTRIC POWER 5,728 5,829
    CDK GLOBAL HOLDINGS 3,302 3,913
    AMERICAN REALTY CAPITAL 2,937 2,353
    AMERICAN TOWER CORP 63,972 70,085
    AMGEN INC 13,527 13,540
    DELTA AIR LINES INC NEW 15,958 18,791
    APACHE CORP COMMON 17,285 14,414
    APARTMENT INVESTMENT 6,574 8,767
    APPLE INC 26,623 45,256
    ARCHER-DANIELS-MIDLND CO 14,567 15,080
    ARM HOLDINGS PLC 23,571 24,215
    ASSA ABLOY AB - ADR 20,666 20,807
    ASTRAZENECA PLC 16,325 15,554
    ATHENAHEALTH INC 23,822 27,537
    ASML HOLDING NV 21,469 23,183
    AUTODESK INC 9,244 13,213
    AUTOMATIC DATA 24,216 24,011
    AVALONBAY COMMUNITIES 10,740 11,111
    BHP BILLITON LTD 5,784 4,685
    BAKER HUGHES INC 9,482 10,317
    BANK OF AMERICA CORP 18,350 18,981
    BANK OF CHINA-UNSPON ADR 8,289 9,765
    BNP PARIBAS ADR 11,881 11,106
    BAYER AG SPONSORED ADR 12,089 13,273
    BAYERISCHE MOTOREN WERKE 7,148 7,302
    BECTON DICKINSON & CO 24,461 26,719
    BEST BUY CO INC 10,303 11,265
    BIOMARIN PHARMACEUTICAL 23,096 25,402
    BOEING CO 24,422 25,476
    BORG WARNER INC 6,870 22,584
    BOSTON PROPERTIES INC 6,060 12,354
    BROADRIDGE FINANCIAL 10,467 10,898
    BROOKDALE SENIOR LIVING 2,192 2,420
    CBL & ASSOC PROPERTIES 604 621
    CBRE GROUP INC CLASS A 16,175 23,667
    CF INDUSTRIES HOLDINGS 12,898 13,900
    SERVICENOW INC 26,152 27,276
    CVS HEALTH 20,500 22,537
    CAMDEN PROPERTY TRUST 7,392 7,162
    CAPITAL ONE FINANCIAL 9,045 10,319
    CELGENE CORP 14,339 47,205
    CENOVUS ENERGY INC 13,769 13,815
    CERNER CORP 37,418 38,279
    CHEVRON CORPORATION 4,131 6,282
    CHIPOTLE MEXICAN GRILL 22,525 23,958
    CIGNA CORPORATION 13,299 13,687
    CISCO SYSTEMS INC 9,020 9,986
    CITIGROUP INC NEW 6,105 6,114
    COSTCO WHSL CORP NEW 21,679 22,538
    COMPAGNIE FINANCIERE 13,497 14,662
    COMPUTER SCIENCES CORP 12,127 12,673
    CORNING INC 14,395 15,959
    CUBESMART 3,722 5,275
    DBS GROUP HOLDINGS 15,610 16,366
    D R HORTON INC 6,388 13,505
    DAIMLER AG 11,395 12,087
    DANONE 18,627 17,729
    DARDEN RESTAURANTS 12,968 18,644
    DDR CORP 5,122 5,508
    DENSO CORPORATION 7,379 7,366
    DIAGEO PLC 8,945 8,785
    DISCOVER FINANCIAL 17,561 17,748
    DISNEY WALT COMPANY 24,449 25,431
    DUPONT FABROS TECHNOLOGY 2,543 2,759
    DUKE ENERGY CORP 13,569 13,617
    DUKE REALTY CORP 4,469 4,646
    ECHOSTAR HOLDING 16,683 19,058
    EDUCATION RLTY TR INC 2,396 2,744
    ENBRIDGE INC 9,501 10,693
    ENI S P A 6,702 5,690
    ENTERGY CORP NEW 7,015 7,348
    EPR PPTYS 5,125 5,244
    EQUINIX INC (NEW) 24,808 26,527
    EQUITY ONE INC 3,573 3,779
    EQUITY RESIDENTIAL 7,279 8,764
    ESSEX PROPERTY TRUST INC 12,521 14,462
    ESSILOR INTL-SPONSORED 7,192 7,288
    EVEREST RE GROUP LTD 17,594 17,371
    EXPRESS SCRIPTS HLDG CO 31,835 34,884
    EXTRA SPACE STORAGE INC 5,061 6,333
    EXXON MOBIL CORP 22,245 21,633
    FACTSET RESEARCH SYSTEMS 25,595 26,320
    FACEBOOK INC 24,952 26,137
    FAIRCHILD SEMICON INTL 12,673 11,985
    FANUC CORP 22,175 21,308
    FASTENAL CO 12,714 13,650
    FEDERAL RLTY INVT TR SBI 5,646 5,605
    FEDEX CORPORATION 8,626 8,683
    FIRST INDL RLTY TR INC 6,230 7,340
    FIRST QUANTUM MINERALS 3,543 3,558
    FLEXTRONICS INTL 30,176 31,136
    FLIR SYSTEMS INC 17,953 17,060
    FOOT LOCKER INC 7,545 7,472
    FREEPORT-MCMORAN INC 14,648 12,614
    GATX CORP 8,650 17,665
    GEMALTO NV SPONSORED ADR 18,358 19,239
    GENERAL GROWTH PPTYS INC 10,388 12,377
    GEO GRP INC/THEFRO 647 646
    GILEAD SCIENCES INC 17,003 19,041
    GOLDMAN SACHS GROUP INC 22,605 23,066
    GOOGLE CL C NON-VOTING 47,562 45,797
    GOOGLE INC CL A VOTING 5,005 4,776
    HCP INC 2,982 3,038
    HSBC HOLDINGS PLC-SPON 9,482 8,643
    HANESBRANDS INC 12,084 12,613
    HEALTH CARE REIT INC 10,271 12,259
    HEWLETT-PACKARD COMPANY 13,815 15,330
    HEXCEL CORP NEW 17,185 22,778
    HITACHI LTD ADR 10 COM 8,220 10,066
    ROCHE HOLDINGS LTD ADR 29,806 27,260
    HOME DEPOT INC 2,950 12,701
    HOST HOTELS & RESORTS 9,915 12,503
    HUMANA INC 17,341 17,954
    HUNTINGTON INGALLS 10,834 17,206
    SAFRAN SA-UNSPON ADR 12,997 14,299
    ILLUMINA INC 28,716 28,425
    IMPERIAL TOB GROUP PLC 5,638 6,650
    INDIVIOR PLC UNSPON ADR 0 124
    INFOSYS LTD SP ADR 5,119 4,782
    INGRAM MICRO INC 7,941 8,016
    INTEL CORP 25,875 27,871
    INTERNATIONAL BUSINESS 18,596 18,451
    INTUIT INC 8,897 27,473
    ISRAEL CHEMICALS-UNSPON 6,728 0
    JARDINE MATHESON HLDGS 12,991 13,233
    JOHNSON & JOHNSON 13,583 13,071
    JONES LANG LASALLE INC 3,648 3,898
    JOY GLOBAL INC 10,802 10,514
    JULIUS BAER GROUP LTD 5,131 5,191
    KAWASAKI HEAVY INDS 4,555 5,279
    KEYCORP NEW 6,317 10,912
    KEYENCE CORP 27,450 26,580
    KILROY RLTY CORP 5,610 6,631
    KIMBERLY-CLARK CORP 19,821 20,451
    KROGER COMPANY COMMON 14,533 16,117
    KUBOTA CORP 4,384 4,130
    LVMH MOET HENNESSY 6,953 7,162
    LAM RESEARCH CORP 8,923 8,886
    LEAR CORP 14,115 15,006
    LIBERTY GLOBAL PLC 16,617 18,626
    LINCOLN NATL CORP IND 5,515 5,709
    LINKEDIN CORP CLASS A 23,812 27,335
    LLOYDS BANKING GROUP PLC 21,935 21,339
    LOCKHEED MARTIN CORP 11,385 11,554
    LYONDELLBASELL 4,143 4,446
    KONINKLIJKE DSM NV-ADR 13,347 12,911
    MACY'S INC 21,316 24,525
    MARATHON PETROLEUM CORP 9,688 9,658
    MARUBENI CORP 9,388 8,892
    MCKESSON CORPORATION 15,944 16,399
    MEAD JOHNSON 25,181 25,638
    MERCK & CO INC NEW 3,404 4,202
    METLIFE INC 5,883 5,842
    MICRON TECHNOLOGY INC 9,328 9,418
    MICROSOFT CORP 5,493 9,151
    JPMORGAN CHASE & CO 31,732 48,562
    MORGAN STANLEY & CO 30,072 33,484
    MEGGITT PLC ADR 8,546 9,016
    NABORS INDUSTRIES LTD 11,571 9,982
    NATIONAL GRID PLC 15,281 14,556
    NESTLE S A REG ADR 15,971 15,684
    NEWFIELD EXPLORATION 18,487 14,374
    NISSAN MTR LTD SPONS-ADR 6,871 6,481
    NORFOLK SOUTHERN CORP 28,334 28,279
    MURATA MANUFACTURING-ADR 13,724 13,513
    NORTHROP GRUMMAN CORP 12,274 13,118
    NOVARTIS AG 25,235 25,296
    NOVO NORDISK A S ADR 28,315 27,212
    OCEANEERING INTL INC 14,678 12,585
    L'OREAL CO ADR 13,934 14,832
    ORACLE CORPORATION 3,460 3,957
    PEBBLEBROOK HOTEL TR 7,853 8,533
    PG&E CORPORATION 4,425 4,525
    PARAMOUNT GRP INC 3,515 3,514
    PARTNERRE LTD 7,763 7,647
    PERNOD-RICARD SA-UNSPON 19,736 19,237
    PFIZER INCORPORATED 11,895 19,220
    PRECISION CASTPARTS CORP 31,492 30,833
    PRICELINE GROUP INC 26,948 33,066
    PROGRESSIVE CORP OHIO 15,606 15,708
    PROLOGIS INC 11,831 12,780
    PRUDENTIAL FINANCIAL INC 9,232 9,408
    PRUDENTIAL PLC 14,593 14,636
    PUBLIC STORAGE INC 10,053 10,906
    QUALCOMM INC 32,616 31,442
    RAYTHEON COMPANY 12,496 12,980
    RAYMOND JAMES FINANCIAL 22,874 28,359
    RECKITT BENCKISER PLC 4,933 4,938
    RENAISSANCE RE HOLDING 5,981 11,180
    RIO TINTO PLC 4,648 4,007
    RYDER SYSTEM INC 10,629 14,949
    SKYWORKS SOLUTIONS INC 14,084 16,869
    SL GREEN RLTY CORP 10,120 13,092
    SMC CORP/JAPAN 23,154 22,328
    SPLUNK INC 21,102 19,866
    SALESFORCE.COM 45,865 47,685
    SAMPO OYJ-A SHS UNSP ADR 21,488 20,833
    SAP SE-SPONSORED ADR 9,330 9,681
    SAUL CENTERS INC 3,381 3,489
    SCHLUMBERGER LTD 48,299 42,534
    SCHNEIDER ELECTRIC SE- 8,503 7,781
    SCHWAB CHARLES CORP NEW 17,815 18,718
    SEALED AIR CORP NEW 28,730 32,417
    SIMON PROPERTY GROUP 27,528 34,055
    SINGAPORE 6,033 6,069
    SOFTBANK CORP ADR 16,484 14,197
    THE SOUTHERN COMPANY 13,717 14,095
    SOUTHWEST AIRLINES CO 4,588 4,571
    SIEMENS A G - ADR 11,428 15,904
    SPECTRA ENERGY CORP 17,566 16,335
    STARBUCKS CORP 33,982 36,184
    STIFEL FINANCIAL CORP 19,679 21,020
    STRATEGIC HOTELS & 2,927 4,511
    SUMITOMO MITSUI FINL 5,048 4,579
    SUN COMMUNITIES INC 3,313 3,869
    SUNSTONE HOTEL INVESTORS 4,576 5,201
    SUPERIOR ENERGY SVCS INC 4,400 4,393
    SWISSCOM AG 8,046 7,080
    SYNOPSYS CORP 12,761 13,476
    SYSMEX CORP UNSPSORED 14,716 14,930
    STORE CAPITAL CORP 1,489 1,621
    TJX COS INC NEW 20,607 27,089
    TARGET CORP 16,508 20,496
    TAUBMAN CENTERS INC 4,399 5,120
    TE CONNECTIVITY LTD 6,495 6,641
    TIFFANY & CO NEW 19,752 22,013
    TIME WARNER INC NEW 7,753 7,944
    TOTAL S.A. SPONS ADR 9,619 8,141
    TRANSOCEAN LTD 10,434 6,727
    TREND MICRO INC SPON 12,115 10,141
    TRINITY INDUSTRIES INC 4,570 3,781
    TULLOW OIL PLC 6,205 5,050
    TYSON FOODS INC CL A 5,759 5,573
    UNILEVER PLC SPONS ADR 14,038 14,208
    UNION PACIFIC CORP 44,708 45,627
    UNITEDHEALTH GROUP 43,592 46,097
    UNIVERSAL HEALTH SVCS 8,193 9,235
    VALERO ENERGY CORP NEW 9,983 9,999
    VALIDUS HOLDINGS LTD 5,128 5,361
    VENTAS INC 12,298 13,480
    VERIZON COMMUNICATIONS 18,351 17,075
    VISA INC CLASS A 38,592 40,641
    VODAFONE GROUP PLC NEW 11,833 12,165
    VORNADO REALTY TR 8,705 12,242
    WASHINGTON PRIME GRP 1,670 1,601
    ANTHEM INC 33,078 32,800
    WELLS FARGO COMPANY 16,373 23,518
    WESTERN DIGITAL CORP 11,129 12,177
    WHIRLPOOL CORP 9,496 10,656
    WYNN MACAU LTD 8,184 6,718
    XEROX CORP 11,848 12,502
    XILINX INC 16,301 22,554
    BANK OF AMERICA CORP 49,942 25,225
    ISHARES GOLD TRUST 23,900 24,310
    ISHARES 20,253 21,757
    ISHARES CORE U.S. 20,447 21,473
    ISHARES 14,041 16,110
    ISHARES 18,393 19,142
    WELLS FARGO COMPANY 50,078 22,092
    BRANDES 905,820 902,817
    IVY FDS INC 28,088 30,296
    IVY FUNDS 33,524 27,011
    PERMANENT PORTFOLIO FD 32,612 31,854
    TEMPLETON INCOME TR 101,858 94,858

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    US Government Securities - End of Year Book Value:

    798,536
    US Government Securities - End of Year Fair Market Value:

    802,187
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 OtherAssetsSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAX 5,520 10,120 10,120
    OTHER ACCRUED INTEREST 2,831    


    TY 2014 OtherExpensesSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEETING EXPENSES 50 0   0
    INTERNET EXPENSES 364 0   0
    OTHER INVESTMENT RELATED 12,211 12,211   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 85,699 85,699   0


    TY 2014 TaxesSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
    PERRY & WALTERS LLP
    EIN: 56-2360848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,996 4,996   0
    EXCISE TAXES ESTIMATES 10,102 0   0