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
NOLAN JAMES AND ELSIE CTR CHAR MAIN
 

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28262
A Employer identification number

37-6507345
B Telephone number (see instructions)

(800) 352-3705
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$2,082,341J 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      
4 Dividends and interest from securities...... 61,175 59,153  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 23,571
b Gross sales price for all assets on line 6a 519,439
7 Capital gain net income (from Part IV, line 2)... 23,571
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,977 1,759  
12 Total. Add lines 1 through 11........ 86,723 84,483  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,102 21,826   7,275
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,223 922   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 95 95    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,420 22,843 0 8,275
25 Contributions, gifts, grants paid........ 142,000 142,000
26 Total expenses and disbursements. Add lines 24 and 25 174,420 22,843 0 150,275
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -87,697
b Net investment income (if negative, enter -0-) 61,640
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets 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............... 938 1,341 1,341
2 Savings and temporary cash investments.......... 107,955 114,519 114,519
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)........ 1,059,972 Click to see attachment1,078,151 1,265,539
c Investments—corporate bonds (attach schedule)........ 684,057 Click to see attachment635,434 635,142
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 168,240 Click to see attachment100,000 65,800
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,021,162 1,929,445 2,082,341
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......... 2,021,162 1,929,445
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 2,021,162 1,929,445
31 Total liabilities and net assets/fund balances (see instructions).. 2,021,162 1,929,445
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 2,021,162
2 Enter amount from Part I, line 27a..................... 2 -87,697
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,795
4 Add lines 1, 2, and 3.......................... 4 1,935,260
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5,815
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,929,445
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 15. ASTRAZENECA PLC SPONSORED ADR   2013-09-19 2014-02-28
b 25. ASTRAZENECA PLC SPONSORED ADR   2013-09-19 2014-05-05
c 80. BAE SYS PLC SPONSORED ADR   2013-09-19 2014-02-28
d 45. BHP BILLITON PLC - ADR   2013-09-19 2014-09-04
e 20. BRISTOL-MYERS SQUIBB CO COM   2013-09-19 2014-05-05
26. BRISTOL-MYERS SQUIBB CO COM   2013-09-19 2014-09-04
44. BRISTOL-MYERS SQUIBB CO COM   2013-09-19 2014-11-14
5973.626 DREYFUS EMG MKT DEBT LOC C-I #6083   2012-11-14 2014-03-26
13. DUKE ENERGY HOLDING CORP. COM   2013-09-19 2014-07-29
18. ENI S P A ADR   2013-09-19 2014-09-04
2302.544 EATON VANCE FLOATING RATE FD-I #924   2012-02-10 2014-09-26
817.205 THE ENDOWMENT TEI FUND LP   2009-11-30 2014-04-01
3793.515 FEDERATED STRAT VAL DIV FD IS #662   2012-01-19 2014-03-26
2. HALYARD HEALTH INC   2013-09-19 2014-11-14
.5 HALYARD HEALTH INC   2013-09-19 2014-11-18
80. ITOCHU CORP-UNSPONSORED ADR   2013-09-19 2014-12-18
1003.778 JPMORGAN HIGH YIELD FUND SS #3580   2012-01-13 2014-09-26
110. KEPPEL LTD ADR   2013-09-19 2014-02-28
20. LILLY ELI & CO COM W/RTS EXP 7/28/2008   2013-09-19 2014-05-05
14. LILLY ELI & CO COM W/RTS EXP 7/28/2008   2013-09-19 2014-09-04
5. LOCKHEED MARTIN CORP COM   2013-09-19 2014-09-04
10. LOCKHEED MARTIN CORP COM   2013-09-19 2014-11-14
1158.597 MERGER FUND-INST #301   2011-04-04 2014-09-26
14. NATIONAL GRID PLC ADR   2013-09-19 2014-07-29
809.668 NEUBERGER BERMAN REAL ES F-I #1393   2010-11-01 2014-03-26
17. NISSAN MTR LTD SPONSORED ADR   2013-09-19 2014-07-29
103. NISSAN MTR LTD SPONSORED ADR   2014-02-28 2014-07-30
1097.858 OPPENHEIMER DEVELOPING MKT-Y #788   2011-03-04 2014-03-26
999.059 PIMCO FDS PAC INVT MGMT SER MODE DUR INS   2013-09-11 2014-03-26
16467.576 PIMCO FDS PAC INVT MGMT SER MODE DUR INS   2013-09-11 2014-09-26
450. PIMCO FDS PAC INVT MGMT SER HIGH YLD FD INSTL CL   2010-09-01 2014-03-26
2730.144 PIMCO FOREIGN BOND FUND-INST   2013-09-11 2014-09-26
22. PPL CORP COM   2013-09-19 2014-12-19
45. PROCTER & GAMBLE CO COM   2013-09-19 2014-02-28
20. PUBLIC SVC ENTERPRISE GRP INC COM   2013-09-19 2014-05-05
225. TELIASONERA AB-UNSPON ADR   2013-09-19 2014-07-29
27. VERIZON COMMUNICATIONS COM   2013-09-19 2014-12-19
14. EATON CORP PLC   2013-09-19 2014-09-04
CAPITAL GAIN DIVIDENDS P    
(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 1,026   777 249
b 1,989   1,295 694
c 2,207   2,299 -92
d 2,805   2,751 54
e 987   949 38
1,313   1,233 80
2,533   2,087 446
81,540   83,425 -1,885
965   883 82
910   869 41
20,815   20,608 207
37,233   48,815 -11,582
22,230   18,171 4,059
74   65 9
19   16 3
1,662   2,023 -361
7,970   7,739 231
1,802   1,916 -114
1,166   1,075 91
899   753 146
870   652 218
1,868   1,304 564
19,036   18,735 301
1,043   852 191
10,720   9,073 1,647
339   351 -12
2,057   2,047 10
39,468   38,249 1,219
10,620   10,480 140
175,380   172,745 2,635
4,374   4,082 292
30,387   28,842 1,545
788   674 114
3,536   3,603 -67
785   676 109
3,428   3,456 -28
1,270   1,309 -39
983   989 -6
      22,342
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       249
b       694
c       -92
d       54
e       38
      80
      446
      -1,885
      82
      41
      207
      -11,582
      4,059
      9
      3
      -361
      231
      -114
      91
      146
      218
      564
      301
      191
      1,647
      -12
      10
      1,219
      140
      2,635
      292
      1,545
      114
      -67
      109
      -28
      -39
      -6
       
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 23,571
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 11,384 2,092,689 0.00544
2012 328,786 2,069,633 0.158862
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2 0.164302
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 0.082151
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,091,460
5 Multiply line 4 by line 3....................... 5 171,816
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 616
7 Add lines 5 and 6......................... 7 172,432
8 Enter qualifying distributions from Part XII, line 4.............. 8 150,275
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 1,233
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 1,233
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,233
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,821
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,821
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 588
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet588 RefundedBullet 11 0
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)
    bulletAK
    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
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (800) 352-3705
    Located atbulletONE WEST 4TH STREETWINSTON SALEMNC ZIP+4bullet27101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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
    WELLS FARGO BANK NA TRUSTEE
    40     		29,102    
    1525 WEST WT HARRIS BLVD
    CHARLOTTE,NC282881114
    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.........................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
    1,989,206
    b
    Average of monthly cash balances.......................
    1b
    134,104
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,123,310
    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
    2,123,310
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    31,850
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,091,460
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    104,573
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    104,573
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,233
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,233
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    103,340
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    103,340
    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
    103,340
    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
    150,275
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    150,275
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    150,275
    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 7 103,340
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 165,248
    e From 2013....... 0
    fTotal of lines 3a through e......... 165,248
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 150,275
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 103,340
    e Remaining amount distributed out of corpus 46,935
    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 5 212,183
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		212,183
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 165,248
    d Excess from 2013.... 0
    e Excess from 2014.... 46,935
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CITY OF WRANGELL
    PO BOX 531
    WRANGELL,AK99929     		NONE PC OPERATINING EXPENSES FOR 142,000
    Total .................................bullet 3a 142,000
    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 ............     		         
    4 Dividends and interest from securities....     14 61,175  
    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 23,571  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEE REBATES     01 280  
    bMUT FD OTH INC     01 1,474  
    cEXCISE TAX REFUND     01 223  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   86,723  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1386,723
    (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:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Name of Bond End of Year Book Value End of Year Fair Market Value
    949917744 WF ADV ULTR SHORT-TR 41,389 41,274
    256210105 DODGE & COX INCOME F 159,527 164,830
    261980494 DREYFUS EMG MKT DEBT 17,335 16,037
    277911491 EATON VANCE FLOATING 41,016 41,688
    4812C0803 JPMORGAN HIGH YIELD 29,003 29,321
    693390593 PIMCO MODERATE DURAT    
    693390841 PIMCO HIGH YIELD FD- 55,547 55,976
    693390882 PIMCO FOREIGN BD FD    
    880208400 TEMPLETON GLOBAL BON 49,001 48,154
    04315J860 ABERDEEN GLOBAL HIGH 40,040 37,031
    044820504 ASHMORE EMERG MKTS C 14,160 12,487
    315920702 FID ADV EMER MKTS IN 13,510 13,121
    957663701 WESTERN ASSET INTERM 174,906 175,223

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Name of Stock End of Year Book Value End of Year Fair Market Value
    256206103 DODGE & COX INT'L ST 45,606 64,479
    277923728 EATON VANCE GLOBAL M    
    314172560 FEDERATED STRAT VAL 221,671 271,425
    464287309 ISHARES S&P 500 GROW 71,114 102,672
    464287481 ISHARES RUSSELL MID- 30,508 47,547
    464287507 ISHARES CORE S&P MID 70,104 102,953
    589509108 MERGER FD SH BEN INT    
    641224795 NEUBERGER BERMAN REA 49,854 65,575
    683974505 OPPENHEIMER DEVELOPI    
    901165100 TWEEDY BROWNE FD GLO    
    902641646 E-TRACS ALERIAN MLP 25,624 32,480
    046353108 ASTRAZENECA PLC ADR 1,554 2,111
    05523R107 BAE SYSTEMS PLC - AD    
    055262505 BASF AKTIENGESELLSCH 4,883 4,170
    05545E209 BHP BILLITON PLC ADR    
    05946K101 BANCO BILBAO VIZCAYA 2,464 2,066
    063671101 BANK MONTREAL QUE CO 3,276 3,537
    064149107 BANK N S HALIFAX 3,190 3,139
    110122108 BRISTOL MYERS SQUIBB    
    110448107 BRITISH AMERICAN TOB 4,878 4,852
    157842105 CHAMBERS STREET PROP 134,793 128,202
    166764100 CHEVRON CORP 5,650 5,048
    251542106 DEUTSCHE BOERSE AG A 2,100 1,982
    25243Q205 DIAGEO PLC - ADR 2,470 2,168
    25746U109 DOMINION RES INC VA 2,840 3,461
    26441C204 DUKE ENERGY HOLDING 1,834 2,256
    26874R108 ENI SPA - ADR 2,752 1,990
    37733W105 GLAXOSMITHKLINE PLC 3,269 2,778
    404280406 HSBC - ADR 4,771 4,015
    413875105 HARRIS CORP DEL 2,029 2,514
    464287804 ISHARES CORE S&P SMA 59,840 67,866
    465717106 ITOCHU CORP-UNSPONSO    
    478160104 JOHNSON & JOHNSON 6,038 6,797
    492051305 KEPPEL LTD ADR    
    494368103 KIMBERLY CLARK CORP 1,863 2,311
    500472303 PHILIPS ELECTRONICS 4,494 3,944
    517834107 LAS VEGAS SANDS CORP 2,949 2,617
    532457108 ELI LILLY & CO COM 2,204 2,829
    539830109 LOCKHEED MARTIN CORP 2,608 3,851
    580135101 MCDONALDS CORP 2,448 2,343
    59410T106 MICHELIN (CGDE) ADR 2,999 2,562
    594918104 MICROSOFT CORP 3,023 4,181
    636274300 NATIONAL GRID PLC AD 2,294 2,544
    641069406 NESTLE S.A. REGISTER 6,022 6,201
    654744408 NISSAN MOTOR CO., LT    
    66987V109 NOVARTIS AG - ADR 4,544 5,189
    69351T106 PPL CORPORATION 1,931 2,289
    717081103 PFIZER INC 5,922 6,355
    718172109 PHILIP MORRIS INTERN 4,999 4,480
    742718109 PROCTER & GAMBLE CO    
    74435K204 PRUDENTIAL PLC - ADR 3,852 4,617
    744573106 PUBLIC SVC ENTERPRIS 1,690 2,071
    74925K581 ROBECO BP LNG/SHRT R 47,250 53,318
    756255204 RECKITT BENCKIS/S AD 3,825 4,308
    771195104 ROCHE HOLDINGS LTD - 4,293 4,419
    780259206 ROYAL DUTCH SHELL PL 5,799 5,825
    80105N105 SANOFI-ADR 3,101 2,691
    826197501 SIEMENS AG - SPONSOR 4,088 3,584
    82929R304 SINGAPORE TELECOMMUN 2,735 2,622
    86562M209 SUMITOMO TRUST AND B 3,317 2,402
    87944W105 TELENOR ASA - ADR 2,437 2,119
    87960M205 TELIASONERA AB-UNSPO    
    87969N204 TELSTRA CORP-ADR 2,277 2,383
    89151E109 TOTAL S.A. - ADR 3,695 3,328
    904784709 UNILEVER N.V. - ADR 4,049 3,904
    92343V104 VERIZON COMMUNICATIO 2,327 2,245
    989825104 ZURICH INSURANCE GRO 2,987 3,588
    G29183103 EATON CORP PLC 3,604 3,466
    088606108 BHP BILLITON LIMITED 1,736 1,183
    17275R102 CISCO SYSTEMS INC 3,792 4,617
    30231G102 EXXON MOBIL CORPORAT 2,504 2,219
    45579E105 INVIVIOR PLC-SPON AD   118
    502441306 LVMH MOET HENNESSY U 2,857 2,686
    58933Y105 MERCK & CO INC NEW 3,995 3,862
    63872T885 ASG GLOBAL ALTERNATI 50,545 50,510
    683974604 OPPENHEIMER DEVELOPI 90,821 97,395
    767204100 RIO TINTO PLC - ADR 1,917 1,658
    892331307 TOYOTA MOTOR CORPORA 3,636 3,764
    N53745100 LYONDELLBASELL INDU- 3,610 2,858

    TY 2014 InvestmentsOtherSchedule2
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    123998007 CHAMBERS STREET PROP      
    256210105 DODGE & COX INCOME F      
    261980494 DREYFUS EMG MKT DEBT      
    277911491 EATON VANCE FLOATING      
    29299D444 THE ENDOWMENT TEI FU      
    4812C0803 JPMORGAN HIGH YIELD      
    693390700 PIMCO TOTAL RET FD-I      
    693390841 PIMCO HIGH YIELD FD-      
    693390882 PIMCO FOREIGN BD FD      
    880208400 TEMPLETON GLOBAL BON      
    RCI991006 RICI LINKED PAM TOTA AT COST 100,000 65,800

    TY 2014 OtherDecreasesSchedule
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Description Amount
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 95 95   0


    TY 2014 OtherIncomeSchedule2
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MUTUAL FUND - OTHER INCOME 1,474 1,474  
    FEE REBATES 280 280  
    EXCISE TAX REFUND & INT 223 5  


    TY 2014 OtherIncreasesSchedule
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    NOLAN JAMES AND ELSIE CTR CHAR MAIN
    EIN: 37-6507345
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 601 601   0
    FEDERAL ESTIMATES - PRINCIPAL 1,301 0   0
    FOREIGN TAXES ON QUALIFIED FOR 282 282   0
    FOREIGN TAXES ON NONQUALIFIED 39 39   0