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
ED AND CLAUDE FORTSON
 

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

58-6201850
B Telephone number (see instructions)

(855) 739-2921
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$8,051,450J 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 35 35  
4 Dividends and interest from securities...... 193,485 192,310  
5a Gross rents..............      
b Net rental income or (loss) -6,265
6a Net gain or (loss) from sale of assets not on line 10 283,333
b Gross sales price for all assets on line 6a 3,342,126
7 Capital gain net income (from Part IV, line 2)... 283,333
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 8,688 56,510  
12 Total. Add lines 1 through 11........ 485,541 532,188  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 86,747 65,060   21,687
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 4,300 0 0 4,300
c Other professional fees (attach schedule).... Click to see attachment 4,254 4,254   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55,286 3,670   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 25,966 7,978   19,563
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 176,553 80,962 0 45,550
25 Contributions, gifts, grants paid........ 268,402 268,402
26 Total expenses and disbursements. Add lines 24 and 25 444,955 80,962 0 313,952
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 40,586
b Net investment income (if negative, enter -0-) 451,226
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...............      
2 Savings and temporary cash investments.......... 428,728 357,546 357,546
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) 158,350 Click to see attachment188,291 187,398
b Investments—corporate stock (attach schedule)........ 3,683,707 Click to see attachment4,870,243 5,180,198
c Investments—corporate bonds (attach schedule)........ 2,102,163 Click to see attachment1,324,461 1,285,768
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,288,190 Click to see attachment910,222 1,033,040
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1 Click to see attachment1 Click to see attachment7,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,661,139 7,650,764 8,051,450
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......... 7,661,139 7,650,764
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)...... 7,661,139 7,650,764
31 Total liabilities and net assets/fund balances (see instructions).. 7,661,139 7,650,764
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 7,661,139
2 Enter amount from Part I, line 27a..................... 2 40,586
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 7,539
4 Add lines 1, 2, and 3.......................... 4 7,709,264
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 58,500
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,650,764
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 106. AFLAC INC COM   2014-04-09 2014-06-09
b 5000. AT&T INC 2.500% 8/15/15   2014-04-24 2014-07-15
c 3000. AT&T INC 2.950% 5/15/16   2012-12-20 2014-04-03
d 15. ALBEMARLE CORP COM   2011-07-15 2014-06-26
e 20. ALBEMARLE CORP COM   2011-07-15 2014-11-03
81. ALEXANDER & BALDWIN INC   2013-10-04 2014-04-03
15. ALEXANDER & BALDWIN INC   2013-07-30 2014-11-03
13. ALLIANCE DATA SYSTEMS CORP COM   2012-05-03 2014-12-19
.225 ALLIANCE DATA SYSTEMS CORP COM   2012-05-03 2014-12-29
3000. AMERICAN EXPRESS CRE 2.800% 9/19/16   2012-09-11 2014-04-03
2000. APACHE CORP 3.250% 4/15/22   2013-10-08 2014-04-03
2000. APACHE CORP 3.250% 4/15/22   2012-05-24 2014-04-03
8. APPLE COMPUTER INC COM   2014-04-09 2014-08-06
3000. APPLE INC 2.400% 5/03/23   2013-06-06 2014-04-03
8765.386 ARTISAN MID CAP VALUE FUND #1464   2013-10-11 2014-11-03
7828.81 ASHMORE EMERG MKTS CR DB-INS   2013-06-25 2014-08-04
15. ASTRAZENECA PLC SPONSORED ADR   2013-10-07 2014-02-28
30. ASTRAZENECA PLC SPONSORED ADR   2013-10-07 2014-05-05
23. ATWOOD OCEANICS INC COM   2012-05-03 2014-11-03
43. AVIV REIT INC   2014-09-02 2014-11-21
42. AVIV REIT INC   2014-08-08 2014-11-26
95. BAE SYS PLC SPONSORED ADR   2013-10-07 2014-02-28
79. BHP BILLITON PLC - ADR   2014-08-08 2014-09-04
45. BRE PPTYS INC CL A   2013-12-06 2014-04-03
5000. BANK OF AMERICA CORP 4.125% 1/22/24   2014-02-12 2014-04-03
49. BHP LIMITED SPONS ADR COM   2013-10-07 2014-11-24
8. BHP LIMITED SPONS ADR COM   2014-04-09 2014-11-24
5. BOSTON PPTYS INC COM   2014-09-02 2014-09-17
4. BOSTON PPTYS INC COM   2014-09-02 2014-09-24
20. BRISTOL-MYERS SQUIBB CO COM   2013-10-07 2014-05-05
46. BRISTOL-MYERS SQUIBB CO COM   2014-08-08 2014-09-04
74. BRISTOL-MYERS SQUIBB CO COM   2013-10-07 2014-11-14
10. BROOKDALE SR LIVING INC   2013-12-18 2014-03-24
8. BROOKDALE SR LIVING INC   2014-04-09 2014-07-16
4000. CVS CAREMARK CORP 4.125% 5/15/21   2013-10-23 2014-04-03
5. CABELAS INC   2012-05-03 2014-07-09
17. CABELAS INC   2012-05-03 2014-11-03
80. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2013-10-07 2014-03-25
5434. CHAMBERS STREET PROPERTIES   2010-05-26 2014-04-02
13. CHEVRONTEXACO CORP COM   2014-08-07 2014-11-24
45. CHEVRONTEXACO CORP COM   2012-05-08 2014-11-24
3000. CITIGROUP INC 3.375% 3/01/23   2013-06-27 2014-04-03
110. COACH INC COM W/RTS ATTACHED EXP 5/2/2011   2014-04-09 2014-06-25
208. COLUMBIA SPORTSWAER CO COM   2012-06-07 2014-11-03
15. COMCAST CORP NEW CL A   2014-08-07 2014-09-10
2000. COMCAST CORP 6.400% 3/01/40   2013-10-08 2014-04-03
2000. COMCAST CORP 6.400% 3/01/40   2012-05-24 2014-04-03
230. CONVERSANT INC   2012-05-03 2014-12-12
6. CORRECTIONS CORP OF AMERICA COM   2013-10-07 2014-03-24
33. CORRECTIONS CORP OF AMERICA COM   2014-09-02 2014-09-24
22. CORRECTIONS CORP OF AMERICA COM   2012-05-03 2014-11-03
25. CORRECTIONS CORP OF AMERICA COM   2013-10-07 2014-11-12
23. CORRECTIONS CORP OF AMERICA COM   2013-10-07 2014-11-19
14. CORRECTIONS CORP OF AMERICA COM   2013-10-07 2014-11-21
5. CORRECTIONS CORP OF AMERICA COM   2014-08-08 2014-11-26
18. CORRECTIONS CORP OF AMERICA COM   2013-10-23 2014-11-26
27. CORRECTIONS CORP OF AMERICA COM   2014-08-08 2014-12-03
29. CORRECTIONS CORP OF AMERICA COM   2014-08-08 2014-12-05
47. DDR CORP   2014-09-02 2014-11-20
32. DANA HOLDING CORP   2014-06-26 2014-11-03
8. DECKERS OUTDOOR CORP   2013-10-04 2014-02-14
18. DECKERS OUTDOOR CORP   2013-09-19 2014-06-26
62. DECKERS OUTDOOR CORP   2013-10-04 2014-08-04
22. DISNEY (WALT) COMPANY HOLDING COMPANY COM   2014-08-07 2014-09-10
774.956 DODGE & COX INCOME FD COM   2013-06-25 2014-07-07
12953.368 DODGE & COX INCOME FD COM   2013-09-25 2014-07-07
7925.072 DODGE & COX INCOME FD COM   2013-06-25 2014-08-04
11763.661 DODGE & COX INCOME FD COM   2009-08-21 2014-11-03
16. DUKE ENERGY HOLDING CORP. COM   2013-10-07 2014-07-29
2822. EII INTERNATIONAL PROPERTY-I #30   2013-09-25 2014-08-14
2691.244 EII INTERNATIONAL PROPERTY-I #30   2013-06-25 2014-08-15
130.756 EII INTERNATIONAL PROPERTY-I #30   2013-09-25 2014-08-15
2822. EII INTERNATIONAL PROPERTY-I #30   2013-06-25 2014-08-18
2824.916 EII INTERNATIONAL PROPERTY-I #30   2012-05-01 2014-08-19
31. ENI S P A ADR   2014-08-08 2014-09-04
15. EPR PROPERTIES   2014-09-02 2014-11-21
2774.695 EATON VANCE FLOATING RATE FD-I #924   2013-05-09 2014-11-03
181. EATON VANCE CORP COM NON VTG   2012-05-03 2014-06-26
122. EATON VANCE CORP COM NON VTG   2013-10-04 2014-08-04
28. EATON VANCE CORP COM NON VTG   2012-05-03 2014-11-03
3000. ECOLAB INC 3.000% 12/08/16   2013-11-22 2014-04-03
278. EDUCATION RLTY TR INC   2014-09-10 2014-12-01
278. EDUCATION RLTY TR INC   2014-09-10 2014-12-01
.6666 EDUCATION REALTY TRUST INC   2014-09-10 2014-12-17
2000. ENTERPRISE PRODUCTS 5.700% 2/15/42   2012-05-24 2014-04-03
2000. ENTERPRISE PRODUCTS 5.700% 2/15/42   2013-10-08 2014-04-03
15. EQUITY RESIDENTIAL PPTYS TR SH BEN INT   2014-09-02 2014-11-20
.37 ESSEX PPTY TR INC COM W/RTS ATTACHED 11/11/2008   2013-12-06 2014-04-21
19. EXTRA SPACE STORAGE INC   2014-09-02 2014-11-21
52.84 FHLMC POOL #Q20860 3.500% 8/01/43   2013-12-30 2014-01-15
167.81 FHLMC POOL #Q20860 3.500% 8/01/43   2013-12-30 2014-02-15
63.45 FHLMC POOL #Q20860 3.500% 8/01/43   2013-12-30 2014-03-15
26289.04 FHLMC POOL #Q20860 3.500% 8/01/43   2013-12-30 2014-04-03
107.05 FHLMC POOL #Q20860 3.500% 8/01/43   2013-08-15 2014-04-15
231.34 FHLMC POOL #Q22496 4.000% 10/01/43   2013-10-11 2014-01-15
121.85 FHLMC POOL #Q22496 4.000% 10/01/43   2013-10-11 2014-02-15
22.15 FHLMC POOL #Q22496 4.000% 10/01/43   2013-10-11 2014-03-15
15459.99 FHLMC POOL #Q22496 4.000% 10/01/43   2013-10-11 2014-04-03
22.31 FHLMC POOL #Q22496 4.000% 10/01/43   2013-10-11 2014-04-15
5000. FED NATL MTG ASSN 5.000% 2/13/17   2013-09-27 2014-04-03
9000. FED NATL MTG ASSN 5.000% 2/13/17   2012-05-08 2014-04-03
2000. FNMA BD 6.625% 11/15/30   2012-05-08 2014-04-03
1000. FNMA BD 6.625% 11/15/30   2013-09-27 2014-04-03
7000. FED HOME LN MTG CORP 3.750% 3/27/19   2012-08-29 2014-04-03
5000. FED HOME LN MTG CORP 3.750% 3/27/19   2013-09-27 2014-04-03
141.69 FNMA POOL #AL3915 4.000% 7/01/43   2013-11-07 2014-01-25
91.59 FNMA POOL #AL3915 4.000% 7/01/43   2013-11-07 2014-02-25
82.91 FNMA POOL #AL3915 4.000% 7/01/43   2013-11-07 2014-03-25
10777.13 FNMA POOL #AL3915 4.000% 7/01/43   2013-11-07 2014-04-03
98.2 FNMA POOL #AL3915 4.000% 7/01/43   2013-07-19 2014-04-25
139.33 FNMA POOL #890551 4.500% 7/01/43   2013-10-11 2014-01-25
84.58 FNMA POOL #890551 4.500% 7/01/43   2013-10-11 2014-02-25
99.09 FNMA POOL #890551 4.500% 7/01/43   2013-10-11 2014-03-25
9306.78 FNMA POOL #890551 4.500% 7/01/43   2013-10-11 2014-04-03
125.02 FNMA POOL #890551 4.500% 7/01/43   2013-10-11 2014-04-25
13. FIRST INDL RLTY TR INC COM   2013-10-07 2014-01-29
13. FIRST INDL RLTY TR INC COM   2013-10-07 2014-03-24
2000. GENERAL ELEC CAP COR 5.875% 1/14/38   2012-05-24 2014-04-03
2000. GENERAL ELEC CAP COR 5.875% 1/14/38   2013-10-08 2014-04-03
15. GENERAL GROWTH PROPERTIE-W/I   2014-04-09 2014-07-10
20. GENERAL GROWTH PROPERTIE-W/I   2014-09-02 2014-09-24
36. GILEAD SCIENCES INC COM   2014-08-07 2014-09-10
12000. GOLDMAN SACHS GROUP 5.125% 1/15/15   2014-04-24 2014-10-15
2000. GOLDMAN SACHS GROUP 6.150% 4/01/18   2013-10-08 2014-04-03
2000. GOLDMAN SACHS GROUP 6.150% 4/01/18   2012-05-08 2014-04-03
9. GOOGLE INC CL A   2014-04-09 2014-04-25
13. HCP INC   2014-04-09 2014-05-07
31. HCP INC   2014-09-02 2014-09-17
60. HCP INC   2014-08-08 2014-12-23
2000. HSBC HOLDINGS PLC 5.100% 4/05/21   2013-10-08 2014-04-03
2000. HSBC HOLDINGS PLC 5.100% 4/05/21   2012-06-14 2014-04-03
.875 HALYARD HEALTH INC   2014-08-08 2014-11-14
3.125 HALYARD HEALTH INC   2013-10-07 2014-11-14
82. HERSHEY FOODS CORP COM W/RTS ATTACHED EXP 12/15/2010   2013-10-04 2014-04-02
19. HOST MARRIOTT CORP NEW COM   2014-04-09 2014-04-23
5. INTL BUSINESS MACHINES CORP COM   2014-08-07 2014-09-10
1396. ISHARES S&P 500 INDEX FUND   2014-04-02 2014-08-04
95. ITOCHU CORP-UNSPONSORED ADR   2013-10-07 2014-12-18
41. ITOCHU CORP-UNSPONSORED ADR   2014-08-08 2014-12-18
12000. JPMORGAN CHASE & CO 3.400% 6/24/15   2014-04-24 2014-10-15
2000. JPMORGAN CHASE & CO 4.400% 7/22/20   2013-10-08 2014-04-03
2000. JPMORGAN CHASE & CO 4.400% 7/22/20   2012-05-08 2014-04-03
1879.699 JPMORGAN HIGH YIELD FUND SS #3580   2014-08-04 2014-11-03
17. KAMAN CORP CL A   2012-05-03 2014-11-03
130. KEPPEL LTD ADR   2013-10-07 2014-02-28
.5531 KINDER MORGAN MANAGEMENT LLC COM   2013-10-04 2014-02-19
.8513 KINDER MORGAN MANAGEMENT LLC COM   2014-02-18 2014-05-19
.7397 KINDER MORGAN MANAGEMENT LLC COM   2014-02-18 2014-08-18
.5183 KINDER MORGAN MANAGEMENT LLC COM   2014-02-18 2014-11-20
.46 KINDER MORGAN INC/DELAWARE   2014-02-18 2014-12-03
171.962 KINDER MORGAN INC/DELAWARE   2014-02-18 2014-12-10
81.038 KINDER MORGAN INC/DELAWARE   2013-10-04 2014-12-10
2000. KRAFT FOODS INC 5.375% 2/10/20   2013-10-08 2014-04-03
2000. KRAFT FOODS INC 5.375% 2/10/20   2012-05-24 2014-04-03
46. LASALLE HOTEL PPTYS COM SH BEN INT   2014-04-09 2014-07-01
2425. WESTERN ASSET SMASH SER C FD #937   2012-05-08 2014-04-03
2935. WESTERN ASSET SMASH SER C FD #937   2013-09-27 2014-04-03
3180. WESTERN ASSET SMASH SER M FD #936   2013-09-27 2014-04-03
6195. WESTERN ASSET SMASH SER M FD #936   2012-05-08 2014-04-03
15. LILLY ELI & CO COM W/RTS EXP 7/28/2008   2013-07-13 2014-05-05
26. LILLY ELI & CO COM W/RTS EXP 7/28/2008   2013-07-13 2014-09-04
8. LOCKHEED MARTIN CORP COM   2014-08-08 2014-09-04
18. LOCKHEED MARTIN CORP COM   2013-10-07 2014-11-14
91. MRC GLOBAL INC   2013-12-10 2014-10-20
50. MARTIN MARIETTA MATLS INC COM W/RTS EXP 10/21/2006   2012-05-03 2014-07-09
88. MATSON INC.   2013-10-04 2014-04-02
289. MEADWESTVACO CORP COM W/RTS EXP 1/29/200   2013-10-04 2014-02-18
79. MEDICAL PPTYS TR INC   2014-04-09 2014-06-23
1000. MERRILL LYNCH & CO 6.875% 4/25/18   2013-10-08 2014-02-12
2000. MERRILL LYNCH & CO 6.875% 4/25/18   2012-05-24 2014-02-12
350. MICREL INC COM   2012-05-03 2014-08-28
15. MONSTER BEVERAGE CORP   2014-04-09 2014-09-10
10000. MORGAN STANLEY 6.000% 4/28/15   2014-04-24 2014-10-15
18. NATIONAL GRID PLC ADR   2013-10-07 2014-07-29
5. NEWMARKET CORP   2012-05-03 2014-11-03
23. NISSAN MTR LTD SPONSORED ADR   2013-10-07 2014-07-29
127. NISSAN MTR LTD SPONSORED ADR   2014-02-28 2014-07-30
2000. NOBLE ENERGY INC 4.150% 12/15/21   2013-10-08 2014-04-03
2000. NOBLE ENERGY INC 4.150% 12/15/21   2012-05-24 2014-04-03
19. NOW INC/SH   2014-04-09 2014-06-06
2. NOW INC/SH   2012-10-09 2014-06-06
.25 NOW INC/SH   2014-04-09 2014-06-17
55. NU SKIN ENTERPRISES INC CL A   2013-10-04 2014-08-06
39. OLD DOMINION FREIGHT LINES INC   2012-05-03 2014-07-09
28. ORBITAL SCIENCES CORP COM W/RIGHTS ATTAC   2014-07-09 2014-11-03
18686.869 PIMCO FDS PAC INVT MGMT SER PIMCO LOW DURATION II INSTL   2012-05-03 2014-08-04
4077.288 PIMCO FDS PAC INVT MGMT SER PIMCO LOW DURATION II INSTL   2013-09-25 2014-08-29
8548.975 PIMCO FDS PAC INVT MGMT SER PIMCO LOW DURATION II INSTL   2013-05-09 2014-08-29
8137.862 PIMCO FDS PAC INVT MGMT SER PIMCO LOW DURATION II INSTL   2013-09-25 2014-11-03
6386.861 PIMCO FOREIGN BOND FUND-INST   2013-06-25 2014-08-04
36. PPL CORP COM   2013-10-07 2014-12-19
31. PENNSYLVANIA REAL ESTATE INVT TR SH BEN INT W/RIGHTS ATTACHED EXP   2013-10-07 2014-02-19
30. PENNSYLVANIA REAL ESTATE INVT TR SH BEN INT W/RIGHTS ATTACHED EXP   2013-10-07 2014-03-04
9. PRICESMART INC COM   2012-05-03 2014-11-03
2385.496 PRINCIPAL PREFERRED SEC-INS #4929   2013-07-02 2014-07-07
2876.318 PRINCIPAL PREFERRED SEC-INS #4929   2013-07-02 2014-11-03
55. PROCTER & GAMBLE CO COM   2013-10-07 2014-02-28
33. PROLOGIS INC   2013-10-07 2014-01-29
13. PROLOGIS INC   2013-01-18 2014-01-29
20. PUBLIC SVC ENTERPRISE GRP INC COM   2013-10-07 2014-05-05
8. RAMCO-GERSHENSON PPTYS TR COM   2013-10-07 2014-01-29
19. RAMCO-GERSHENSON PPTYS TR COM   2013-10-07 2014-05-30
70. RETAIL PROPERTIES OF AME-A   2014-09-02 2014-10-08
6. RETAIL PROPERTIES OF AME-A   2013-10-07 2014-10-08
23. RETAIL PROPERTIES OF AME-A   2013-10-07 2014-10-09
3000. RIO TINTO FIN USA PL 1.625% 8/21/17   2013-06-04 2014-04-03
4. SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010   2014-09-02 2014-11-21
62. SENIOR HSG PPTYS TR SH BEN INT   2013-10-07 2014-02-19
66. SERVICE CORP INTL COM   2013-07-30 2014-11-03
198. SERVICE CORP INTL COM   2013-10-04 2014-12-30
3.99873 SIMON PPTY GRP INC NEW COM   2012-05-04 2014-01-29
4.00127 SIMON PPTY GRP INC NEW COM   2012-05-04 2014-01-29
35. STRATEGIC HOTELS & RESORTS INC   2013-10-07 2014-01-29
28. STRATEGIC HOTELS & RESORTS INC   2013-10-07 2014-02-12
14. TARGET CORP COM   2014-04-09 2014-09-10
67. TARGET CORP COM   2012-05-08 2014-12-18
15. TEJON RANCH CO COM   2012-05-03 2014-03-12
275. TELIASONERA AB-UNSPON ADR   2013-10-07 2014-07-29
23. TENET HEALTHCARE CORPORATION   2013-07-30 2014-11-03
16. 3M CO COM   2013-10-07 2014-02-11
43. 3M CO COM   2014-04-09 2014-08-06
6000. US TREASURY BOND 4.500% 5/15/38   2012-05-08 2014-04-03
4000. US TREASURY BOND 4.500% 5/15/38   2013-09-27 2014-04-03
5000. US TREASURY BOND 4.750% 2/15/41   2012-08-29 2014-01-06
1000. US TREASURY BOND 4.750% 2/15/41   2013-09-27 2014-01-06
2137.1 US TREAS INFL INDEX 2.125% 2/15/41   2013-09-27 2014-04-03
1068.55 US TREAS INFL INDEX 2.125% 2/15/41   2012-12-07 2014-04-03
8000. US TREASURY NOTE 1.500% 12/31/18   2014-01-06 2014-04-03
4000. US TREASURY NOTE 3.125% 5/15/19   2012-05-08 2014-01-29
1000. US TREASURY NOTE 3.125% 5/15/19   2012-05-08 2014-02-12
3000. US TREASURY NOTE 3.125% 5/15/19   2012-10-22 2014-04-03
4000. US TREASURY NOTE 3.125% 5/15/19   2013-09-27 2014-04-03
9000. US TREASURY NOTE 2.625% 7/31/14   2013-10-30 2014-04-03
11000. US TREASURY NOTE 2.625% 7/31/14   2013-02-27 2014-04-03
36. VERIZON COMMUNICATIONS COM   2014-08-08 2014-12-19
8. VERIZON COMMUNICATIONS COM   2013-10-07 2014-12-19
4000. VERIZON COMMUNICATIO 5.150% 9/15/23   2014-01-29 2014-04-03
3000. WAL-MART STORES INC 2.550% 4/11/23   2013-06-18 2014-04-03
36. WEINGARTEN RLTY INVS SH BEN INT   2014-09-02 2014-12-10
95. WEINGARTEN RLTY INVS SH BEN INT   2014-08-08 2014-12-19
14. WORLD FUEL SVCS CORP   2012-05-03 2014-11-03
114.6966 AURORA GLOBAL OPP II ASP FD R/I1-2   2009-06-29 2014-12-31
1375.13 ALPHAMETRIX MGD FUT III HOLDBACK   2013-10-31 2014-01-31
20. EATON CORP PLC   2013-10-07 2014-09-04
7. WHITE MTNS INS GROUP INC COM   2012-05-03 2014-04-29
8. WHITE MTNS INS GROUP INC COM   2013-10-04 2014-04-29
1780.563 GAI CORBIN MULTI STRATEGY FUND   2013-10-29 2014-06-30
976.429 GAI CORBIN MULTI STRATEGY FUND   2012-05-29 2014-06-30
15298.96 GAI CORBIN FUND 5% HOLDBACK   2014-06-30 2014-06-30
95.781 GAI AGILITY INCOME FUND   2013-05-29 2014-12-31
110.4897 MESIROW INST MLT-STR ASP FD R/INT I2   2009-06-29 2014-01-01
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 6,663   6,554 109
b 5,119   5,129 -10
c 3,123   3,184 -61
d 1,064   1,015 49
e 1,173   1,346 -173
3,319   3,035 284
595   513 82
3,776   3,604 172
62   62  
3,129   3,193 -64
2,010   1,969 41
2,010   2,059 -49
761   612 149
2,778   2,865 -87
238,156   235,000 3,156
75,000   77,885 -2,885
1,026   770 256
2,386   1,539 847
906   1,005 -99
1,419   1,224 195
1,394   1,094 300
2,621   2,756 -135
4,924   4,817 107
2,585   2,320 265
5,054   5,067 -13
2,746   3,248 -502
448   578 -130
589   608 -19
464   486 -22
987   945 42
2,323   2,230 93
4,260   3,495 765
327   273 54
278   262 16
4,293   4,273 20
311   185 126
823   629 194
6,027   5,529 498
42,282   47,287 -5,005
1,527   1,592 -65
5,286   4,617 669
2,902   2,885 17
3,745   5,947 -2,202
8,131   5,102 3,029
853   800 53
2,459   2,409 50
2,459   2,500 -41
7,986   3,752 4,234
192   208 -16
1,133   1,176 -43
814   587 227
902   869 33
815   799 16
501   486 15
181   173 8
650   625 25
992   933 59
1,078   934 144
834   855 -21
650   767 -117
674   548 126
1,515   1,114 401
5,535   4,245 1,290
1,971   1,846 125
10,725   10,377 348
179,275   175,000 4,275
110,000   102,158 7,842
163,397   146,686 16,711
1,187   1,069 118
55,593   57,343 -1,750
53,233   48,308 4,925
2,586   2,657 -71
55,509   47,239 8,270
55,905   45,453 10,452
1,567   1,520 47
834   855 -21
25,000   25,638 -638
6,785   4,727 2,058
4,291   4,687 -396
1,033   731 302
3,151   3,164 -13
       
       
24   22 2
2,225   2,202 23
2,225   2,113 112
1,039   994 45
62   65 -3
1,095   1,009 86
53   53  
168   168  
63   64 -1
26,330   26,379 -49
107   107  
231   242 -11
122   128 -6
22   23 -1
15,991   16,180 -189
22   23 -1
5,574   5,673 -99
10,033   10,694 -661
2,727   2,942 -215
1,364   1,339 25
7,638   8,131 -493
5,455   5,511 -56
142   148 -6
92   96 -4
83   87 -4
11,164   11,275 -111
98   102 -4
139   149 -10
85   91 -6
99   106 -7
9,912   9,974 -62
125   134 -9
212   218 -6
245   218 27
2,353   2,244 109
2,353   2,211 142
360   334 26
474   490 -16
3,887   2,626 1,261
12,130   12,386 -256
2,284   2,291 -7
2,284   2,176 108
4,711   4,059 652
553   527 26
1,261   1,326 -65
2,695   2,439 256
2,233   2,206 27
2,233   2,221 12
33   31 2
116   98 18
8,463   7,509 954
400   395 5
959   958 1
270,483   239,949 30,534
1,973   2,238 -265
852   1,042 -190
12,231   12,387 -156
2,159   2,130 29
2,159   2,126 33
15,000   15,019 -19
726   531 195
2,130   2,197 -67
42   40 2
62   63 -1
74   54 20
53   37 16
19   13 6
6,796   4,971 1,825
3,203   2,250 953
2,266   2,264 2
2,266   2,332 -66
1,642   1,458 184
23,401   22,892 509
28,323   27,816 507
33,295   32,913 382
64,862   63,870 992
875   756 119
1,670   1,311 359
1,392   1,325 67
3,363   2,229 1,134
1,827   2,893 -1,066
6,317   4,029 2,288
2,151   2,334 -183
10,466   10,849 -383
1,030   983 47
1,187   1,183 4
2,373   2,198 175
4,273   3,613 660
1,372   967 405
10,284   10,530 -246
1,340   1,074 266
1,918   1,107 811
459   459  
2,537   2,438 99
2,104   2,094 10
2,104   2,084 20
630   607 23
66   65 1
8   8  
2,511   5,451 -2,940
2,442   1,191 1,251
732   801 -69
185,000   189,298 -4,298
40,365   40,243 122
84,635   85,702 -1,067
80,483   79,757 726
70,000   66,679 3,321
1,290   1,084 206
600   566 34
545   548 -3
793   749 44
25,000   24,690 310
30,000   29,770 230
4,321   4,290 31
1,218   1,262 -44
480   508 -28
785   658 127
124   121 3
315   287 28
1,039   1,024 15
89   83 6
344   317 27
3,003   2,994 9
458   438 20
1,307   1,474 -167
1,449   932 517
4,538   3,685 853
600   616 -16
601   616 -15
321   300 21
261   240 21
867   859 8
4,992   3,712 1,280
519   446 73
4,190   4,131 59
1,320   688 632
2,100   1,905 195
6,001   5,202 799
6,983   7,753 -770
4,656   4,620 36
5,797   6,803 -1,006
1,159   1,200 -41
2,547   2,542 5
1,274   1,630 -356
7,921   7,925 -4
4,301   4,511 -210
1,073   1,128 -55
3,193   3,383 -190
4,257   4,334 -77
9,076   9,181 -105
11,093   11,467 -374
1,694   1,746 -52
376   379 -3
4,366   4,336 30
2,805   2,887 -82
1,260   1,213 47
3,276   2,878 398
578   554 24
141,811   100,000 41,811
1,375   1,375  
1,404   1,353 51
4,116   3,364 752
4,704   4,641 63
197,612   200,000 -2,388
108,367   100,000 8,367
15,299   15,299  
100,000   103,286 -3,286
129,947   100,000 29,947
      106,894
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       109
b       -10
c       -61
d       49
e       -173
      284
      82
      172
       
      -64
      41
      -49
      149
      -87
      3,156
      -2,885
      256
      847
      -99
      195
      300
      -135
      107
      265
      -13
      -502
      -130
      -19
      -22
      42
      93
      765
      54
      16
      20
      126
      194
      498
      -5,005
      -65
      669
      17
      -2,202
      3,029
      53
      50
      -41
      4,234
      -16
      -43
      227
      33
      16
      15
      8
      25
      59
      144
      -21
      -117
      126
      401
      1,290
      125
      348
      4,275
      7,842
      16,711
      118
      -1,750
      4,925
      -71
      8,270
      10,452
      47
      -21
      -638
      2,058
      -396
      302
      -13
       
       
      2
      23
      112
      45
      -3
      86
       
       
      -1
      -49
       
      -11
      -6
      -1
      -189
      -1
      -99
      -661
      -215
      25
      -493
      -56
      -6
      -4
      -4
      -111
      -4
      -10
      -6
      -7
      -62
      -9
      -6
      27
      109
      142
      26
      -16
      1,261
      -256
      -7
      108
      652
      26
      -65
      256
      27
      12
      2
      18
      954
      5
      1
      30,534
      -265
      -190
      -156
      29
      33
      -19
      195
      -67
      2
      -1
      20
      16
      6
      1,825
      953
      2
      -66
      184
      509
      507
      382
      992
      119
      359
      67
      1,134
      -1,066
      2,288
      -183
      -383
      47
      4
      175
      660
      405
      -246
      266
      811
       
      99
      10
      20
      23
      1
       
      -2,940
      1,251
      -69
      -4,298
      122
      -1,067
      726
      3,321
      206
      34
      -3
      44
      310
      230
      31
      -44
      -28
      127
      3
      28
      15
      6
      27
      9
      20
      -167
      517
      853
      -16
      -15
      21
      21
      8
      1,280
      73
      59
      632
      195
      799
      -770
      36
      -1,006
      -41
      5
      -356
      -4
      -210
      -55
      -190
      -77
      -105
      -374
      -52
      -3
      30
      -82
      47
      398
      24
      41,811
       
      51
      752
      63
      -2,388
      8,367
       
      -3,286
      29,947
       
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 2 283,333
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 259,030 7,725,958 0.033527
2012 352,048 5,550,245 0.063429
2011 347,859 6,721,870 0.05175
2010 282,830 7,141,372 0.039604
2009 270,230 6,566,472 0.041153
2 Total of line 1, column (d) ...................... 2 0.229463
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 0.045893
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 8,030,698
5 Multiply line 4 by line 3....................... 5 368,553
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,512
7 Add lines 5 and 6......................... 7 373,065
8 Enter qualifying distributions from Part XII, line 4.............. 8 313,952
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 9,025
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 9,025
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 9,025
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 30,556
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 30,556
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 21,531
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet21,531 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)
    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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (855) 739-2921
    Located atbullet1 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     		86,747    
    1525 WEST WT HARRIS D1114-044
    CHARLOTTE,NC28288
    JAMES L HENDERSON JR ADV COMM
    0     		0    
    797 WYNN DRIVE
    HAMPTON,GA30228
    KEITH MCBRAYER ADV COMM
    0     		0    
    595 SOUTH HAMPTON ROAD
    HAMPTON,GA30228
    J W MARTIN ADV COMM
    0     		0    
    106 WOODCREST DRIVE
    GRIFFIN,GA30223
    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
    7,828,447
    b
    Average of monthly cash balances.......................
    1b
    324,546
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,152,993
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,152,993
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    122,295
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,030,698
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    401,535
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    401,535
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    9,025
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,025
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    392,510
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    392,510
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    392,510
    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
    313,952
    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
    313,952
    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
    313,952
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 392,510
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 234,366
    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....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 313,952
    a Applied to 2013, but not more than line 2a 234,366
    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..... 79,586
    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 ..........     		312,924
    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.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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
    BEREA CHRISTIAN CHURCH
    37 WOOLSEY ROAD
    HAMPTON,GA30228     		NONE PC GENERAL SUPPORT 45,000
    HAMPTON UNITED METHODIST
    CHURCH
    10 WEST MAIN STREET
    HAMPTON,GA30228     		NONE PC GENERAL SUPPORT 45,000
    MT CARMEL UNITED METHODIST
    CHURCH
    1951 MOUNT CARMEL ROAD
    HAMPTON,GA30228     		NONE PC GENERAL SUPPORT 5,000
    BEAR CREEK ASSOCIATION INC
    171 LAKE HAMPTON DR
    HAMPTON,GA30228     		NONE PC GENERAL SUPPORT 30,902
    BOY SCOUTS OF AMERICA
    FLINT RIVER
    PO BOX 173
    GRIFFIN,GA30224     		NONE PC GENERAL SUPPORT 10,000
    THE GENEALOGICAL SOCIETY OF
    HENRY AND CLAYTON COUNTIES
    PO BOX 1296
    MCDONOUGH,GA30253     		NONE PC GENERAL SUPPORT 2,500
    HENRY COUNTY HIGH SCHOOL FDN
    PO BOX 880
    MCDONOUGH,GA30253     		NONE PC SCHOLARSHIPS 25,000
    THE HENRY COUNTY COUNCIL ON
    AGING INC
    1050 FLORENCE MCGARITY BLVD
    MCDONOUGH,GA30252     		NONE PC GENERAL SUPPORT 15,000
    NOAHS ARK ANIMAL REHABILITATION
    CENTER
    712 L G GRIFFIN ROAD
    LOCUST GROVE,GA302484317     		NONE PC GENERAL SUPPORT 10,000
    A FRIENDS HOUSE INC
    111 HENRY PARKWAY
    MCDONOUGH,GA302533369     		NONE PC GENERAL SUPPORT 5,000
    SOUTHERN CRESCENT SEXUAL
    ASSAULT CENTER
    2 WEST MAIN STREET
    HAMPTON,GA30228     		NONE PC GENERAL SUPPORT 15,000
    FORTSON YOUTH TRAINING CENTER
    INC
    999 FORTSON ROAD
    HAMPTON,GA302282257     		NONE PC GENERAL SUPPORT 45,000
    HENRY COUNTY CANCER SERVICES
    INC
    PO BOX 3417
    MCDONOUGH,GA30253     		NONE PC GENERAL SUPPORT 15,000
    Total .................................bullet 3a 268,402
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 35  
    4 Dividends and interest from securities....     14 193,485  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....       -6,265  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 283,333  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aE-TRACS ALERIAN     1 7,351  
    bFEE REBATES     1 1,337  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   479,276  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13479,276
    (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:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 4,300     4,300

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Name of Bond End of Year Book Value End of Year Fair Market Value
    00206RAW2 AT&T INC    
    0258M0DC0 AMERICAN EXPRESS CRE    
    037411AZ8 APACHE CORP    
    037833AK6 APPLE INC 11,748 11,664
    044820504 ASHMORE EMERG MKTS C 101,086 89,785
    126650BW9 CVS CAREMARK CORP    
    172967GL9 CITIGROUP INC    
    20030NBB6 COMCAST CORP    
    256210105 DODGE & COX INCOME F    
    277911491 EATON VANCE FLOATING 239,362 231,995
    278865AK6 ECOLAB INC    
    29379VAV5 ENTERPRISE PRODUCTS    
    315920702 FID ADV EMER MKTS IN 153,000 148,468
    36962G3P7 GENERAL ELEC CAP COR    
    38141GFM1 GOLDMAN SACHS GROUP    
    404280AK5 HSBC HOLDINGS PLC    
    46625HHS2 JPMORGAN CHASE & CO    
    4812C0803 JPMORGAN HIGH YIELD 244,981 232,985
    50075NBA1 KRAFT FOODS INC    
    52470G742 WESTERN ASSET SMASH    
    52470G759 WESTERN ASSET SMASH    
    59018YN64 MERRILL LYNCH & CO    
    655044AF2 NOBLE ENERGY INC    
    693390791 PIMCO LOW DURATION I    
    693390882 PIMCO FOREIGN BD FD 118,321 119,762
    74253Q416 PRINCIPAL PREFERRED 170,540 168,233
    76720AAE6 RIO TINTO FIN USA PL    
    931142DH3 WAL-MART STORES INC    
    00206RAV4 AT&T INC 10,258 10,108
    031162AZ3 AMGEN INC 11,622 11,249
    06051GEC9 BANK OF AMERICA CORP 11,431 11,386
    084664BE0 BERKSHIRE HATHAWAY 13,726 13,427
    166751AJ6 CHEVRON CORP 13,697 13,418
    25459HAY1 DIRECTV HLDG/FIN INC 7,321 7,183
    260543CF8 DOW CHEMICAL CO/THE 7,409 7,396
    36962G5J9 GENERAL ELEC CAP COR 16,592 16,907
    38141GFG4 GOLDMAN SACHS GROUP 13,587 13,332
    40429CFN7 HSBC FINANCE CORP 7,551 7,319
    406216BD2 HALLIBURTON COMPANY 12,176 12,109
    437076AP7 HOME DEPOT INC 7,615 7,387
    464288588 ISHARES MBS ETF 26,679 27,330
    46429B366 ISHARES CMBS ETF 12,855 12,798
    46625HHU7 JPMORGAN CHASE & CO 13,126 12,901
    494550AY2 KINDER MORGAN ENER 7,986 7,728
    59156RAN8 METLIFE INC 15,768 15,288
    713448BN7 PEPSICO INC 13,259 13,219
    742718DY2 PROCTER & GAMBLE CO/ 14,449 14,880
    816851AN9 SEMPRA ENERGY 7,793 7,517
    87612EAN6 TARGET CORP 11,144 10,740
    887317AF2 TIME WARNER INC 5,577 5,502
    92343VBR4 VERIZON COMMUNICATIO 5,602 5,521
    931142CU5 WAL-MART STORES INC 12,807 12,814
    94973VAS6 WELLPOINT INC 5,393 5,417

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Name of Stock End of Year Book Value End of Year Fair Market Value
    001055102 AFLAC INC    
    007974108 ADVENT SOFTWARE INC 4,617 6,894
    008252108 AFFILIATED MANAGERS 8,247 9,339
    012653101 ALBEMARLE CORP COM 21,427 20,564
    014491104 ALEXANDER & BALDWIN 5,981 8,676
    017175100 ALLEGHANY CORP DEL N 10,189 12,515
    018804104 ALLIANT TECHSYSTEMS 11,564 14,880
    02553E106 AMERICAN EAGLE OUTFI 4,765 3,831
    032095101 AMPHENOL CORP CL A 8,860 12,484
    03524A108 ANHEUSER-BUSCH INBEV 8,168 9,210
    037411105 APACHE CORP 9,065 7,019
    03748R101 APARTMENT INVT & MGM 9,521 11,628
    037833100 APPLE INC 15,875 23,732
    04314H709 ARTISAN MID CAP VALU    
    046353108 ASTRAZENECA PLC ADR 2,755 3,449
    050095108 ATWOOD OCEANICS INC 23,078 13,419
    053484101 AVALONBAY CMNTYS INC 12,735 14,705
    05523R107 BAE SYSTEMS PLC - AD    
    055262505 BASF AKTIENGESELLSCH 8,428 7,255
    05545E209 BHP BILLITON PLC ADR    
    05564E106 BRE PPTYS INC CL A 1    
    05946K101 BANCO BILBAO VIZCAYA 3,452 3,484
    063671101 BANK MONTREAL QUE CO 5,941 6,154
    064149107 BANK N S HALIFAX 5,545 5,308
    071813109 BAXTER INTL INC 7,505 8,428
    084670702 BERKSHIRE HATHAWAY I 12,160 15,766
    088606108 BHP BILLITON LIMITED 3,210 2,177
    097023105 BOEING CO 11,340 12,478
    101121101 BOSTON PROPERTIES IN 14,382 16,344
    110122108 BRISTOL MYERS SQUIBB    
    110448107 BRITISH AMERICAN TOB 8,153 8,302
    112463104 BROOKDALE SR LIVING 2,665 3,264
    115637209 BROWN FORMAN CORP CL 6,645 8,520
    12572Q105 CME GROUP INC 8,721 10,372
    126650100 CVS HEALTH CORPORATI 8,001 12,713
    126804301 CABELAS INC 14,996 18,976
    133131102 CAMDEN PPTY TR SH BE 9,142 9,747
    14040H105 CAPITAL ONE FINANCIA    
    143130102 CARMAX INC 8,213 13,582
    150870103 CELANESE CORP 9,102 9,594
    157842105 CHAMBERS STREET PROP    
    166764100 CHEVRON CORP 9,222 8,526
    17275R102 CISCO SYSTEMS INC 16,649 19,888
    172908105 CINTAS CORP 11,387 17,649
    189754104 COACH INC    
    198516106 COLUMBIA SPORTSWEAR    
    20030N101 COMCAST CORP CLASS A 9,373 11,776
    22025Y407 CORRECTIONS CORP OF 9,055 13,228
    229663109 CUBESMART 5,943 7,062
    231021106 CUMMINS INC. 11,889 12,543
    23317H102 DDR CORP 6,724 7,344
    243537107 DECKERS OUTDOOR CORP 14,822 21,030
    251542106 DEUTSCHE BOERSE AG A 3,521 3,349
    25243Q205 DIAGEO PLC - ADR 10,272 9,355
    254687106 WALT DISNEY CO 9,419 13,375
    256206103 DODGE & COX INT'L ST 325,000 326,887
    256746108 DOLLAR TREE INC 14,733 18,440
    25746U109 DOMINION RES INC VA 4,726 5,691
    264411505 DUKE REALTY CORPORAT 5,258 6,302
    26441C204 DUKE ENERGY HOLDING 3,127 3,843
    26613Q106 DUPONT FABROS TECHNO 3,029 3,789
    26852M105 EII INTERNATIONAL PR    
    268648102 E M C CORP MASS 7,425 8,446
    26874R108 ENI SPA - ADR 4,526 3,386
    26884U109 EPR PROPERTIES 6,174 6,973
    278265103 EATON VANCE CORP COM 4,392 7,245
    29266R108 ENERGIZER HOLDINGS I 9,221 12,727
    294752100 EQUITY ONE INC 4,191 4,717
    29476L107 EQUITY RESIDENTIAL P 9,935 11,638
    297178105 ESSEX PPTY TR COM 16,142 19,420
    30225T102 EXTRA SPACE STORAGE 6,921 8,386
    313747206 FEDERAL RLTY INVT TR 6,363 7,607
    32054K103 FIRST INDL RLTY TR I 16,821 22,328
    370023103 GENERAL GROWTH PROPE 12,717 16,540
    375558103 GILEAD SCIENCES INC 4,769 7,258
    37733W105 GLAXOSMITHKLINE PLC 5,435 4,701
    38141G104 GOLDMAN SACHS GROUP 5,993 7,366
    38259P508 GOOGLE INC    
    40414L109 HCP INC 3,668 4,051
    404280406 HSBC - ADR 17,670 15,539
    413838202 OAKMARK INTERNATIONA 280,000 253,034
    413875105 HARRIS CORP DEL 3,681 4,309
    418056107 HASBRO INC 6,233 7,259
    42217K106 HEALTH CARE REIT INC 13,361 16,496
    427866108 THE HERSHEY COMPANY    
    44107P104 HOST HOTELS & RESORT 13,897 16,948
    459200101 INTERNATIONAL BUSINE 4,747 4,171
    464287200 ISHARES CORE S & P 5 264,970 302,651
    465717106 ITOCHU CORP-UNSPONSO    
    46625H100 JPMORGAN CHASE & CO 10,404 12,203
    478160104 JOHNSON & JOHNSON 10,273 11,503
    478366107 JOHNSON CONTROLS INC 7,317 8,363
    48020Q107 JONES LANG LASALLE I 3,764 5,248
    4812A2389 JPMORGAN U.S. L/C CO 395,000 448,946
    483548103 KAMAN CORPCOMMON 3,622 4,650
    492051305 KEPPEL LTD ADR    
    49427F108 KILROY REALTY CORP C 7,383 8,979
    494368103 KIMBERLY CLARK CORP 2,983 3,697
    49455U100 KINDER MORGAN MGMT L    
    500472303 PHILIPS ELECTRONICS 7,374 6,641
    517834107 LAS VEGAS SANDS CORP 13,369 12,097
    517942108 LASALLE HOTEL PROPER    
    532457108 ELI LILLY & CO COM 3,740 4,760
    539830109 LOCKHEED MARTIN CORP 4,546 6,355
    544147101 LORILLARD INC 6,442 8,937
    55261F104 M & T BANK CORPORATI 9,433 11,808
    55262C100 MBIA INC 15,085 14,224
    55345K103 MRC GLOBAL INC 9,221 4,394
    573284106 MARTIN MARIETTA MATL    
    57686G105 MATSON INC. 6,169 8,526
    580135101 MCDONALDS CORP 3,775 3,748
    58155Q103 MCKESSON CORP 7,796 11,417
    583334107 MEADWESTVACO CORP    
    58463J304 MEDICAL PPTYS TR INC    
    59410T106 MICHELIN (CGDE) ADR 4,883 4,312
    594793101 MICREL INC COM    
    594918104 MICROSOFT CORP 13,169 17,372
    611740101 MONSTER BEVERAGE COR 3,467 7,259
    636274300 NATIONAL GRID PLC AD 3,974 4,310
    637071101 NATIONAL OILWELL INC 10,725 9,633
    641069406 NESTLE S.A. REGISTER 15,725 16,851
    651587107 NEWMARKET CORP 19,532 33,897
    654744408 NISSAN MOTOR CO., LT    
    66987V109 NOVARTIS AG - ADR 7,710 8,710
    67018T105 NU SKIN ENTERPRISES    
    679580100 OLD DOMINION FREIGHT 15,418 35,792
    680665205 OLIN CORP 1 COM & 1 12,675 10,497
    68389X105 ORACLE CORPORATION 6,618 8,589
    683974505 OPPENHEIMER DEVELOPI    
    69351T106 PPL CORPORATION 3,340 3,887
    704326107 PAYCHEX INC 9,106 10,665
    70509V100 PEBBLEBROOK HOTEL TR 8,328 11,590
    709102107 PENNSYLVANIA REAL ES    
    717081103 PFIZER INC 9,942 10,716
    718172109 PHILIP MORRIS INTERN 8,164 7,738
    741511109 PRICESMART INC 15,429 17,879
    742718109 PROCTER & GAMBLE CO    
    74340W103 PROLOGIS INC 15,661 17,384
    74435K204 PRUDENTIAL PLC - ADR 6,799 7,849
    744573106 PUBLIC SVC ENTERPRIS 2,916 3,603
    74460D109 PUBLIC STORAGE INC C 12,460 14,603
    751452202 RAMCO-GERSHENSON PPT    
    756255204 RECKITT BENCKIS/S AD 6,602 7,258
    76131V202 RETAIL PROPERTIES OF    
    767744105 RITCHIE BROS AUCTION 3,254 4,410
    771195104 ROCHE HOLDINGS LTD - 6,108 7,580
    77954Q106 T ROWE PRICE BLUE CH 365,000 420,282
    780259206 ROYAL DUTCH SHELL PL 10,198 9,909
    78440X101 SL GREEN REALTY CORP 14,214 17,496
    80105N105 SANOFI-ADR 5,223 4,515
    804395101 SAUL CTRS INC COM 4,109 4,918
    806857108 SCHLUMBERGER LTD 12,936 11,787
    81721M109 SENIOR HOUSING PROP    
    817565104 SERVICE CORP INTL 12,688 22,110
    826197501 SIEMENS AG - SPONSOR 6,820 6,048
    828806109 SIMON PROPERTY GROUP 39,223 46,074
    82929R304 SINGAPORE TELECOMMUN 4,592 4,448
    86272T106 STRATEGIC HOTELS & R 4,744 6,125
    864159108 STURM RUGER & CO INC 6,861 5,091
    86562M209 SUMITOMO TRUST AND B 5,087 4,055
    867892101 SUNSTONE HOTEL INVS 5,940 7,066
    872540109 TJX COS INC NEW 7,787 9,533
    87612E106 TARGET CORP 6,244 8,350
    876664103 TAUBMAN CTRS INC COM 6,589 6,801
    879080109 TEJON RANCH CO 4,995 4,949
    87944W105 TELENOR ASA - ADR 3,878 3,390
    87960M205 TELIASONERA AB-UNSPO    
    87969N204 TELSTRA CORP-ADR 3,947 4,036
    88023U101 TEMPUR SEALY INTERNA 18,352 22,513
    88033G407 TENET HEALTHCARE COR 15,287 24,930
    883556102 THERMO FISHER SCIENT 6,176 7,893
    88579Y101 3M CO    
    89151E109 TOTAL S.A. - ADR 15,144 13,107
    894650100 TREDEGAR CORPORATION 3,473 4,565
    902641646 E-TRACS ALERIAN MLP 222,291 224,680
    902973304 US BANCORP DEL NEW 7,778 9,350
    904784709 UNILEVER N.V. - ADR 6,403 6,481
    907818108 UNION PACIFIC CORP 10,131 15,010
    911312106 UNITED PARCEL SERVIC 5,828 7,893
    91324P102 UNITEDHEALTH GROUP I 11,093 15,164
    92046N102 VALUECLICK INC    
    92276F100 VENTAS INC COM 15,758 18,140
    92343V104 VERIZON COMMUNICATIO 3,886 3,836
    929042109 VORNADO REALTY TRUST 13,270 16,479
    929160109 VULCAN MATERIALS COM 5,401 6,770
    936793884 WASATCH EMERGING MKT 232,000 226,830
    963320106 WHIRLPOOL CORP 8,177 11,431
    981475106 WORLD FUEL SERVICES 4,116 4,881
    989825104 ZURICH INSURANCE GRO 5,132 5,990
    G29183103 EATON CORP PLC 13,111 13,116
    G62185106 MONTPELIER RE HOLDIN 4,574 8,525
    G9618E107 WHITE MTNS INS GROUP 6,714 8,822
    02917T104 AMERICAN REALTY CAPI 3,270 3,158
    09247X101 BLACKROCK INC 6,239 7,151
    093671105 BLOCK H & R INC 9,395 9,228
    124830100 CBL & ASSOC PPTYS IN 771 835
    172967424 CITIGROUP INC. 10,067 10,984
    235825205 DANA HOLDING CORP 10,429 9,457
    28140H203 EDUCATION REALTY TRU 2,926 3,366
    30162A108 EXELIS INC 10,750 10,623
    30231G102 EXXON MOBIL CORPORAT 4,222 3,790
    36162J106 GEO GROUP INC/THE 811 928
    38259P706 GOOGLE INC-CL C 10,382 11,054
    45579E105 INVIVIOR PLC-SPON AD   198
    502441306 LVMH MOET HENNESSY U 4,800 4,580
    58933Y105 MERCK & CO INC NEW 6,730 6,531
    64110D104 NETAPP INC 8,054 8,622
    683974604 OPPENHEIMER DEVELOPI 460,000 418,662
    685564106 ORBITAL SCIENCES COR 6,926 6,507
    69924R108 PARAMOUNT GROUP INC 4,624 4,648
    74253Q747 PRINCIPAL MIDCAP FD- 280,000 275,227
    74255L696 PRINCIPAL GL MULT ST 150,000 147,711
    745867101 PULTE GRP INC 11,036 12,018
    74925K581 ROBECO BP LNG/SHRT R 165,000 168,865
    767204100 RIO TINTO PLC - ADR 3,249 2,810
    78463X863 SPDR DJ WILSHIRE INT 248,964 232,168
    862121100 STORE CAPITAL CORP 1,983 2,161
    866674104 SUN CMNTYS INC COM 4,425 5,139
    871503108 SYMANTEC CORP 7,845 9,980
    892331307 TOYOTA MOTOR CORPORA 6,128 6,399
    939647103 WASHINGTON PRIME GRO 2,415 2,204
    N53745100 LYONDELLBASELL INDU- 6,082 4,843

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    US Government Securities - End of Year Book Value:

    188,291
    US Government Securities - End of Year Fair Market Value:

    187,398
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    70299RF16 PARTNERS GROUP PRIV AT COST 150,000 203,154
    879080133 TEJON RANCH CO AT COST   49
    AGO992121 AURORA GLOBAL OPP II AT COST 100,000 142,210
    AMX999HB6 ALPHAMETRIX MGD FUT      
    GTC997004 ASGI CORBIN MULTI ST      
    GTY995004 GAI AGILITY INCOME F AT COST 411,815 425,728
    MIM992209 MESIROW INST MLT-STR      
    SKY990RF9 SKYBRIDGE MULTI-ADVI AT COST 233,108 246,600
    GTC999HB8 GAI CORBIN FUND 5% H AT COST 15,299 15,299

    TY 2014 OtherAssetsSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    XXX-XX-XXXX OLD GRIFFIN RD. LOT 1 1 7,500


    TY 2014 OtherDecreasesSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Description Amount
       
       
       
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT ADMIN FEES 19,563 0   19,563
    ADR FEES 138 138   0
    RENTAL REPAIRS & MAINTENANCE   6,000   0
    RENTAL TAXES   157   0
    RENTAL OTHER EXPENSES   108   0
    PARTNERSHIP OTHER DEDUCTIONS   1,575   0
    Rent and Royalty Expense 6,265      


    TY 2014 OtherIncomeSchedule2
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INTEREST INCOME   4  
    E-TRACS ALERIAN 7,351 7,351  
    FEE REBATE 1,337 1,337  
    PARTNERSHIP OTHER INCOME   47,818  


    TY 2014 OtherIncreasesSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Description Amount
       
       
       
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES-SUBJECT T 4,254 4,254    


    TY 2014 TaxesSchedule
    Name:
    ED AND CLAUDE FORTSON
    EIN: 58-6201850
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 681 681   0
    FEDERAL TAX PAYMENT - PRIOR YE 21,060 0   0
    FEDERAL ESTIMATES - PRINCIPAL 30,556 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,452 2,452   0
    FOREIGN TAXES ON NONQUALIFIED 537 537   0