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
JOHN REX ENDOWMENT
 
% KEVIN M CAIN
Number and street (or P.O. box number if mail is not delivered to street address)712 W NORTH STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27603
A Employer identification number

31-1678223
B Telephone number (see instructions)

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$75,425,146J 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).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 29 29  
4 Dividends and interest from securities...... 1,458,229 1,458,229  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,729,291
b Gross sales price for all assets on line 6a 4,852,023
7 Capital gain net income (from Part IV, line 2)... 2,729,291
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 8,810    
12 Total. Add lines 1 through 11........ 4,196,359 4,187,549  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 209,908 12,595   197,915
14 Other employee salaries and wages...... 225,095 7,226   219,044
15 Pension plans, employee benefits....... 106,960 5,177   101,950
16a Legal fees (attach schedule)......... 3,852 385   7,368
b Accounting fees (attach schedule)....... 80,495 6,937   74,428
c Other professional fees (attach schedule).... Click to see attachment 563,547 543,783   20,481
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 62,938 18,533   26,405
19 Depreciation (attach schedule) and depletion... Click to see attachment 33,523 1,676  
20 Occupancy.............. 3,505 141   3,424
21 Travel, conferences, and meetings....... 15,818 377   13,951
22 Printing and publications.......... 63 6   57
23 Other expenses (attach schedule)....... Click to see attachment 421,804 1,942   419,939
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,727,508 598,778   1,084,962
25 Contributions, gifts, grants paid........ 3,303,188 3,303,188
26 Total expenses and disbursements. Add lines 24 and 25 5,030,696 598,778   4,388,150
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -834,337
b Net investment income (if negative, enter -0-) 3,588,771
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,414,016 3,976,588 3,976,588
3 Accounts receivable bullet238,508
Less: allowance for doubtful accounts bullet   208,910 238,508 238,508
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 40,514,166 Click to see attachment34,187,845 48,610,336
c Investments—corporate bonds (attach schedule)........ 14,157,618 Click to see attachment14,157,618 14,521,588
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 5,099,527 Click to see attachment7,269,508 6,839,421
14 Land, buildings, and equipment: basis bullet832,658
Less: accumulated depreciation (attach schedule) bullet150,597 700,431 682,061 682,061
15 Other assets (describe bullet) Click to see attachment40,622 Click to see attachment556,644 Click to see attachment556,644
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 62,135,290 61,068,772 75,425,146
Liabilities 17 Accounts payable and accrued expenses.......... 81,324 72,847
18 Grants payable..................    
19 Deferred revenue.................. 70,000 45,000
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).......... 151,324 117,847
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 1,244,549 674,713
25 Temporarily restricted................ 41,651,112 40,972,910
26 Permanently restricted................ 19,088,305 19,303,302
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 61,983,966 60,950,925
31 Total liabilities and net assets/fund balances (see instructions).. 62,135,290 61,068,772
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 61,983,966
2 Enter amount from Part I, line 27a..................... 2 -834,337
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 61,149,629
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 198,704
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 60,950,925
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 1,173.545 SHS RS GLOBAL NATURUAL RESOURCES Y   2013-12-19 2014-12-18
b 9,800 SHS IPATH BLOOMBERG AGRICULTURE   2013-05-30 2014-12-18
c 212.667 SHS RS GLOBAL NATURAL RESOURCES Y   2012-12-13 2014-12-18
d 30,634.764 SHS RS GLOBAL NATURAL RESOURCES Y     2014-12-18
e 292.627 UTS FRANKLIN STREET MULTI-STRATEGY FUND LP   2009-12-30 2014-04-01
(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 29,726   40,429 -10,703
b 423,743   516,362 -92,619
c 5,387   7,784 -2,397
d 775,979   1,141,037 -365,058
e 500,000   417,120 82,880
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       -10,703
b       -92,619
c       -2,397
d       -365,058
e       82,880
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 2,729,291
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 4,052,792 73,407,870 0.055209
2012 3,334,715 69,282,016 0.048132
2011 3,924,838 71,018,449 0.055265
2010 3,704,595 68,196,005 0.054323
2009 3,317,420 59,845,774 0.055433
2 Total of line 1, column (d) ...................... 2 0.268362
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 0.053672
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 76,203,684
5 Multiply line 4 by line 3....................... 5 4,090,004
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 35,888
7 Add lines 5 and 6......................... 7 4,125,892
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,388,150
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 35,888
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 35,888
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 35,888
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 90,851
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 90,851
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 54,963
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet54,963 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.rexendowment.org
    14
    The books are in care ofbulletKEVIN M CAIN Telephone no.bullet (919) 838-1110
    Located atbullet712 W NORTH STREETRALEIGHNC ZIP+4bullet27603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........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
     
     
    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
    JILL C WRIGHT MD CHAIR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    LINDA BUTLER MD VICE-CHAIR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    JANET COWELL DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    DICK DAUGHERTY DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    GEORGE REED DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    RAMON ROJANO SECRETARY
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    KEVIN M CAIN PRESIDENT/CEO
    40.0     		209,908 25,957 3,373
    712 W NORTH STREET
    RALEIGH,NC27603
    CATHY MOORE DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    DEBORAH NELSON DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    JIMMY TALTON DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    RUSSELL KILLEN DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    ALLEN MASK DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    DEXTER PERRY DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    WALKER WILSON DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    CARTER WORTHY DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    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
    MCALLISTER R MYRHA DIR. OF OPERATIONS
    40.0     		96,340 18,244 0
    712 W NORTH STREET
    RALEIGH,NC27603
    MARY K SHIRAH PROGRAM DIRECTOR
    40.0     		87,676 8,537 0
    712 W NORTH STREET
    RALEIGH,NC27603
    GLADYS A HAIRSTON ASSOC. PROGRAM DIR.
    40.0     		40,587 4,870 0
    712 W NORTH STREET
    RALEIGH,NC27603
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    61,862,029
    b
    Average of monthly cash balances.......................
    1b
    14,533,529
    c
    Fair market value of all other assets (see instructions)................
    1c
    968,588
    d
    Total (add lines 1a, b, and c).........................
    1d
    77,364,146
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    77,364,146
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,160,462
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    76,203,684
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,810,184
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,810,184
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    35,888
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,888
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,774,296
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    8,565
    5
    Add lines 3 and 4............................
    5
    3,782,861
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,782,861
    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
    4,388,150
    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
    4,388,150
    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
    35,888
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,352,262
    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 3,782,861
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:2012, 2011, 2010 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 267,931
    b From 2010....... 340,955
    c From 2011....... 378,094
    d From 2012.......  
    e From 2013....... 448,616
    fTotal of lines 3a through e......... 1,435,596
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 4,388,150
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 3,782,861
    e Remaining amount distributed out of corpus 605,289
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,040,885
    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......     		 
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		267,931
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,772,954
    10 Analysis of line 9:
    a Excess from 2010.... 340,955
    b Excess from 2011.... 378,094
    c Excess from 2012....  
    d Excess from 2013.... 448,616
    e Excess from 2014.... 605,289
    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
    UNITED WAY OF THE GREATER TRIANGLE
    RE YOUTH DEVELOPMENT
    2400 PERIMETER PARK DRIVE SUITE 15
    MORRISVILLE,NC27560     		  PC A COLLABORATIVE SYSTEM THAT ESTABLISHES A COMMON AGENDA, AND FACILITATES PLANNING, CAPACITY-BUILDING, RESOURCE-SHARING AND MAXIMIZATION, OVERSIGHT AND ACCOUNTABILITY 282,278
    LUCY DANIELS CENTER
    RE SEED FOR CHILD CARE QUALITY
    9003 WESTON PARKWAY
    CARY,NC27513     		  PC IMPROVE THE CAPACITY OF CHILD CARE FACILITIES THAT SUPPORTTHE HEALTHY SOCIAL AND EMOTIONAL DEVELOPMENT OF CHILDREN 348,652
    NCSU NATURAL LEARNING
    RE PREVENTING OBESITY BY DESIGN IN
    COLLEGE OF DESIGN 200 PULLEN ROAD
    RALEIGH,NC276957701     		  PC ADDRESS THE OBESITY EPIDEMIC IN YOUNG CHILDREN BY CREATING A MULTIDISCIPLINARY INTERVENTION 138,119
    EL PUEBLO INC
    RE CAPAZ POSITIVE YOUTH DEVELOPMEN
    700 BLUE RIDGE ROAD SUITE 101
    RALEIGH,NC27606     		  PC TO DEVELOP AGENCY-WIDE PROGRAMMING THAT TRULY FUNCTIONS WITHIN A PYD FRAMEWORK 98,420
    WAKE COUNTY SMARTSTART
    RE HOME BASED SERVICES INTEGRATION
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC DEVELOP COMMUNITY SUPPORTED GOALS AND STRATEGIES FOR THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF HOME BASED SERVICES FOR YOUNG CHILDREN IN WAKE COUNTY 98,267
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    RE SEFEL COACHING
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC TO USE THE SOCIAL AND ECONOMIC FOUNDATIONS FOR EARLY LEARNING (SEFEL) COACHING FRAMEWORK TO INCREASE SOCIAL SKILLS AND DECREASE PROBLEM BEHAVIORS IN PRESCHOOL CLASSROOMS 322,594
    WADE EDWARDS FOUNDATION
    714 ST MARY STREET
    RALEIGH,NC27605     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 40,250
    PASSAGE HOME
    PO BOX 10347
    RALEIGH,NC27605     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 40,175
    WAKE EDUCATION PARTNERSHIP
    706 HILLSBOROUGH STREET SUITE A
    RALEIGH,NC27603     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 39,462
    YORK ELEMENTARY SCHOOL PTA
    RE PLAYGROUND AND TRACK RENOVATION
    5201 BROOKHAVEN DRIVE
    RALEIGH,NC27612     		  PC TO IMPROVE THE PLAYGROUND AND REFINISH THE SCHOOL TRACK WITH THE FOCUS ON CREATING A SAFE SPACE FOR PHYSICAL ACTIVITY THAT IS ACCESSIBLE TO THE ENTIRE SCHOOL COMMUNITY 109,850
    NORTH CAROLINA COUNCIL OF CHURCHES
    RE BREASTFEEDING COLLABORATIVE
    27 HORNE ST
    RALEIGH,NC27607     		  PC TO REDUCE CHILDHOOD OVERWEIGHT AND OBESITY IN LOW-RESOURCE CONGREGATIONS IN WAKE COUNTY BY ENCOURAGING MOTHERS TO CARE FOR THEIR BODIES BEFORE, DURING, AND AFTER PREGNANCY AND TO CARE FOR THEIR BABIES THROUGH BREASTFEEDING 92,763
    TOWN OF ZEBULON
    RE WATERING THE ZEBULON FOOD DESER
    1003 N ARENDELL AVENUE
    ZEBULON,NC27597     		  GOV HELP ZEBULON ADDRESS THE RECENT LABEL OF A "FOOD DESERT." 116,860
    TOWN OF FUQUAY-VARINA
    RE HEALTHY EATING AND ACTIVE LIVIN
    401 OLD HONEYCUTT ROAD
    FUQUAYVARINA,NC27526     		  GOV INCREASE HEALTHY EATING AND ACTIVE LIVING OPPORTUNITIES IN AND NEAR DOWNTOWN FUQUAY-VARINA. 70,029
    TOWN OF GARNER
    RE HUB FOR HEALTH IN GARNER
    900 SEVENTH AVENUE
    GARNER,NC27529     		  GOV IMPROVE CONNECTIVITY IN UNDERSERVED NEIGHBORHOODS THAT SURROUND THE FUTURE RECREATION CENTER. 63,000
    TOWN OF KNIGHTDALE
    RE KEEPING KNIGHTDALE ACTIVE AND H
    950 STEEPLE SQUARE CT
    KNIGHTDALE,NC27545     		  GOV TO IMPROVE PEDESTRIAN AND BICYCLE CONNECTIONS BETWEEN THE OLD TOWN NEIGHBORHOOD, THE NEW RAILROAD STATION PARK, THE FARMERS' MARKET AND KNIGHTDALE ELEMENTARY SCHOOL. 40,000
    CITY OF RALEIGH
    RE CREATING A HEALTHY OASIS IN THE
    PO BOX 590
    RALEIGH,NC27602     		  GOV TO IMPROVE HEALTHY FOOD ACCESS AND ACTIVE LIVING OPPORTUNITIES FOR CHILDREN IN FOOD AND PLAY "DESERTS." 26,000
    TOWN OF MORRISVILLE
    RE CREATING A TOWN CENTER FOOD HUB
    100 TOWN HALL DRIVE
    MORRISVILLE,NC27560     		  GOV MANAGE THE RELOCATION OF THE WESTERN WAKE FARMERS' MARKET FROM ITS CURRENT LOCATION TO A NEWLY DEVELOPING TOWN CENTER IN THE HEART OF MORRISVILLE. 7,000
    WAKE COUNTY SMARTSTART
    RE FARM TO CHILD CARE IMPLEMENTATI
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC HELP MORE THAN 160 CHILD CARE FACILITIES MAKE CHANGES SO IT BECOMES THE NORM TO PREPARE AND SERVE FRESH, LOCAL PRODUCE FOR SNACKS AND MEALS THROUGHOUT GROWING SEASONS. WCSS WILL FOCUS ON CHILD CARE FACILITIES IN WAKE COUNTY THAT SERVE LOW-INCOME FAMILIES AND CHILDREN WHO NEED IMPROVED ACCESS TO HEALTHY, NUTRITIOUS FOOD. 220,855
    UNC HIGHWAY SAFETY RESEARCH
    RE CHILD PEDESTRIAN SAFETY
    730 MARTIN LUTHER KING JR BLVD
    CHAPEL HILL,NC27514     		  PC HELP CREATE SAFE ROUTES TO SCHOOL (SRTS) MODEL PROGRAMS AT FIVE SITES IN WAKE COUNTY AND WORK WITH MUNICIPALITIES AND SCHOOLS TO PROMOTE POLICIES TO IMPROVE WALKING CONDITIONS AND REDUCE CHILD PEDESTRIAN INJURIES. 208,966
    INTERACT
    RE YOUTH EDUCATION SERVICES
    1012 OBERLIN ROAD
    RALEIGH,NC27605     		  PC TO RESTRUCTURE A YOUTH EDUCATION SERVICES PROGRAM AND PARTNER WITH OTHER YOUTH-SERVING AGENCIES FOR COORDINATED YOUTH VIOLENCE PREVENTION STRATEGIES. 165,104
    UNC HEALTHY SOLUTIONS
    RE CHILDHOOD INJURY VIOLENCE PRO
    137 E FRANKLIN ST - SUITE 21
    CHAPEL HILL,NC27599     		  PC Provide technical assistance and training to increase the capacity of Wake County organizations and practitioners to prevent childhood injury and violence prevention. Learning opportunities will focus on preventing assault, falls, motor vehicle crashes and self-harm. 162,907
    YMCA OF THE TRIANGLE
    RE PARTNERING IN PREVENTION
    801 CORPORATE CENTER DR
    RALEIGH,NC27607     		  PC TO EMPOWER WAKE COUNTY ADULTS WITH THE KNOWLEDGE AND SKILLS TO PREVENT CHILD SEXUAL ABUSE. THE PROJECT WILL ALSO FOCUS ON DEVELOPING AND PROVIDING RESOURCES TO HELP IMPLEMENT POLICIES AND PRACTICES TO KEEP CHILDREN SAFE. 161,509
    HAVEN HOUSE SERVICES
    RE EVALUATION
    600 W CABARRUS ST
    RALEIGH,NC27603     		  PC IMPROVE CAPACITY TO HELP VULNERABLE YOUTH IN WAKE COUNTY FIND THEIR WAY TO A POSITIVE, PRODUCTIVE LIFE. 51,651
    AUTISM SOCIETY OF NORTH CAROLINA
    RE CAPACITY BUILDING
    505 OBERLIN ROAD SUITE 230
    RALEIGH,NC27605     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 47,725
    LUCY DANIELS CENTER
    RE CAPACITY BUILDING
    9003 WESTON PARKWAY
    CARY,NC27513     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 42,780
    KIDZNOTES
    RE CAPACITY BUILDING
    PO BOX 200
    DURHAM,NC27702     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 38,730
    HAVEN HOUSE SERVICES
    RE CAPACITY BUILDING
    600 W CABARRUS ST
    RALEIGH,NC27603     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 28,811
    STEPUP MINISTRY
    RE CAPACITY BUILDING
    1701 OBERLIN ROAD
    RALEIGH,NC27608     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 28,204
    TRIANGLE FAMILY SERVICES
    RE CAPACITY BUILDING
    3937 WESTERN BOULEVARD
    RALEIGH,NC27606     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 11,500
    POE CENTER FOR HEALTH EDUCATION
    RE CAPACITY BUILDING
    224 SUNNYBROOK RD
    RALEIGH,NC27610     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 11,500
    UNC GLOBAL BREASTFEEDING INSTITUTE
    RE SUPPORTING BREASTFEEDING
    21 PITTSBORO STREET CAMPUS BOX 744
    CHAPEL HILL,NC27599     		  PC EXPLORE PRENATAL AND POST-MATERNITY BREASTFEEDING SUPPORT AND CARE PROVIDED FOR THE MOST VULNERABLE POPULATIONS. 74,995
    DUKE CENTER FOR CHILD AND FAMILY POLICY
    RE PLACES AND SPACES
    302 TOWERVIEW ROAD DUKE BOX 90545
    DURHAM,NC27708     		  PC IDENTIFY BEST PRACTICES IN DEVELOPING PHYSICAL AND SOCIAL ENVIRONMENTS TO PROMOTE POSITIVE MENTAL HEALTH IN THE PLACES AND SPACES WHERE CHILDREN LIVE, LEARN AND PLAY. 109,632
    UNITED WAY OF THE GREATER TRIANGLE
    2400 PERIMETER PARK DRIVE
    150
    MORRISVILLE,NC27560     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 1,500
    SPCA OF WAKE COUNTY
    200 PETFINDER LANE
    RALEIGH,NC27603     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 1,500
    FIRST UNITED METHODIST CHURCH
    1005 STOVER STREET
    FORT COLLINS,CO80524     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 100
    REX HEALTHCARE FOUNDATION
    2500 BLUE RIDGE ROAD
    SUITE 325
    RALEIGH,NC27607     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 750
    WAKE EDUCATION PARTNERSHIP
    706 HILLSBOROUGH STREET
    SUITE A
    RALEIGH,NC27603     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 750
    Total .................................bullet 3a 3,303,188
    bApproved for future payment
    UNC HIGHWAY SAFETY RESEARCH
    RE CHILD PEDESTRIAN SAFETY
    730 MARTIN LUTHER KING JR BLVD
    CHAPEL HILL,NC27514     		  PC HELP CREATE SAFE ROUTES TO SCHOOL (SRTS) MODEL PROGRAMS AT FIVE SITES IN WAKE COUNTY AND WORK WITH MUNICIPALITIES AND SCHOOLS TO PROMOTE POLICIES TO IMPROVE WALKING CONDITIONS AND REDUCE CHILD PEDESTRIAN INJURIES. 555,249
    UNC HEALTHY SOLUTIONS
    RE CHILDHOOD INJURY VIOLENCE PRO
    137 E FRANKLIN ST - SUITE 21
    CHAPEL HILL,NC27599     		  PC Provide technical assistance and training to increase the capacity of Wake County organizations and practitioners to prevent childhood injury and violence prevention. Learning opportunities will focus on preventing assault, falls, motor vehicle crashes and self-harm. 505,361
    WAKE COUNTY SMARTSTART
    RE FARM TO CHILD CARE IMPLEMENTATI
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC HELP MORE THAN 160 CHILD CARE FACILITIES MAKE CHANGES SO IT BECOMES THE NORM TO PREPARE AND SERVE FRESH, LOCAL PRODUCE FOR SNACKS AND MEALS THROUGHOUT GROWING SEASONS. WCSS WILL FOCUS ON CHILD CARE FACILITIES IN WAKE COUNTY THAT SERVE LOW-INCOME FAMILIES AND CHILDREN WHO NEED IMPROVED ACCESS TO HEALTHY, NUTRITIOUS FOOD. 454,784
    YMCA OF THE TRIANGLE
    RE PARTNERING IN PREVENTION
    801 CORPORATE CENTER DR
    RALEIGH,NC27607     		  PC TO EMPOWER WAKE COUNTY ADULTS WITH THE KNOWLEDGE AND SKILLS TO PREVENT CHILD SEXUAL ABUSE. THE PROJECT WILL ALSO FOCUS ON DEVELOPING AND PROVIDING RESOURCES TO HELP IMPLEMENT POLICIES AND PRACTICES TO KEEP CHILDREN SAFE. 297,087
    INTERACT
    RE YOUTH EDUCATION SERVICES
    1012 OBERLIN ROAD
    RALEIGH,NC27605     		  PC TO RESTRUCTURE A YOUTH EDUCATION SERVICES PROGRAM AND PARTNER WITH OTHER YOUTH-SERVING AGENCIES FOR COORDINATED YOUTH VIOLENCE PREVENTION STRATEGIES. 218,046
    TOWN OF MORRISVILLE
    RE CREATING A TOWN CENTER FOOD HUB
    100 TOWN HALL DRIVE
    MORRISVILLE,NC27560     		  GOV MANAGE THE RELOCATION OF THE WESTERN WAKE FARMERS' MARKET FROM ITS CURRENT LOCATION TO A NEWLY DEVELOPING TOWN CENTER IN THE HEART OF MORRISVILLE. 203,000
    CITY OF RALEIGH
    RE CREATING A HEALTHY OASIS IN THE
    PO BOX 590
    RALEIGH,NC27602     		  GOV TO IMPROVE HEALTHY FOOD ACCESS AND ACTIVE LIVING OPPORTUNITIES FOR CHILDREN IN FOOD AND PLAY "DESERTS." 184,000
    TOWN OF KNIGHTDALE
    RE KEEPING KNIGHTDALE ACTIVE AND H
    950 STEEPLE SQUARE CT
    KNIGHTDALE,NC27545     		  GOV TO IMPROVE PEDESTRIAN AND BICYCLE CONNECTIONS BETWEEN THE OLD TOWN NEIGHBORHOOD, THE NEW RAILROAD STATION PARK, THE FARMERS' MARKET AND KNIGHTDALE ELEMENTARY SCHOOL. 170,000
    TOWN OF GARNER
    RE HUB FOR HEALTH IN GARNER
    900 SEVENTH AVENUE
    GARNER,NC27529     		  GOV IMPROVE CONNECTIVITY IN UNDERSERVED NEIGHBORHOODS THAT SURROUND THE FUTURE RECREATION CENTER. 147,000
    TOWN OF FUQUAY-VARINA
    RE HEALTHY EATING AND ACTIVE LIVIN
    401 OLD HONEYCUTT ROAD
    FUQUAYVARINA,NC27526     		  GOV INCREASE HEALTHY EATING AND ACTIVE LIVING OPPORTUNITIES IN AND NEAR DOWNTOWN FUQUAY-VARINA. 139,858
    UNC INJURY PREVENTION RESEARCH CENTER
    RE NETWORK TO PREVENT CHILD MALTRE
    137 EAST FRANKLIN STREET CB 7505
    CHAPEL HILL,NC27599     		  PC DEVELOP A COMMUNITY NETWORK OF KEY STAKEHOLDERS AND CREATE A PLAN TO IMPROVE ACCESS TO CHILD MALTREATMENT PREVENTION SERVICES FOR WAKE COUNTY FAMILIES. 115,810
    TOWN OF ZEBULON
    RE WATERING THE ZEBULON FOOD DESER
    1003 N ARENDELL AVENUE
    ZEBULON,NC27597     		  GOV HELP ZEBULON ADDRESS THE RECENT LABEL OF A "FOOD DESERT." 93,140
    NC CONGRESS OF PARENTS & TEACHERS INC
    RE CAPACITY BUILDING
    3501 GLENWOOD AVENUE
    RALEIGH,NC27612     		  PC ALLOW THE NC CONGRESS OF PARENTS & TEACHERS, INC. TO PLAN OR IMPLEMENT STRATEGIES TO INCREASE THEIR EFFECTIVENESS AND SUSTAINABILITY. 40,250
    HAVEN HOUSE SERVICES
    RE EVALUATION
    600 W CABARRUS ST
    RALEIGH,NC27603     		  PC IMPROVE CAPACITY TO HELP VULNERABLE YOUTH IN WAKE COUNTY FIND THEIR WAY TO A POSITIVE, PRODUCTIVE LIFE. 14,406
    Total .................................bullet 3b 3,137,991
    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 29  
    4 Dividends and interest from securities....     14 1,458,229  
    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 2,729,291  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aREFUND OF PRIOR YEAR GRANTS         8,565
    bIRC SECTION 103 STATE AND LOCAL BOND INTEREST         245
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   4,187,549 8,810
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,196,359
    (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.)
    11B THE ENDOWMENT RECEIVED CURRENT YEAR REFUNDS OF GRANTS MADE IN PRIOR YEARS TOTALING $8,565.
    11C THE ENDOWMENT EARNED STATE AND LOCAL BOND INTEREST INCOME TOTALING $245 IN THE CURRENT YEAR. THIS INCOME IS SPECIFICALLY EXCLUDED FROM GROSS INCOME PURSUANT TO IRC SECTION 103.
    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


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    TY 2014 DepreciationSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FSP FIXED INCOME LLC II 7,006,195 7,295,787
    FSP OPPORTUNISTIC LLC II 7,151,423 7,225,801

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FSP GLOBAL EQUITY LLC II 18,924,848 30,662,415
    THIRD AVENUE REAL ESTATE 4,570,997 5,531,461
    FRANKLIN ST. MULTI-STRA FUND 10,692,000 12,416,460
    RS GLOBAL NATURAL RESOURCES 0 0
    IPATH DJ AIG 0 0

    TY 2014 InvestmentsOtherSchedule2
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OUTSTANDING BUSINESSES L. P.   0 0
    VALUE PRESERVATION L.P.   2,794,277 2,802,133
    FINANCIAL ASCENT L.P.   4,475,231 4,037,288

    TY 2014 OtherAssetsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXPENSES 40,622 56,644 56,644
    DUE FROM INVESTMENT COMPANY 0 500,000 500,000


    TY 2014 OtherDecreasesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECT PROGRAM SERVICES 390,823 0   390,823
    INSURANCE 9,876 988   8,888
    OFFICE MAINTENANCE 5,103 205   5,055
    OFFICE SUPPLIES 5,330 388   4,842
    TELEPHONE 4,713 330   4,403
    OTHER EXPENSES 5,959 31   5,928


    TY 2014 OtherIncomeSchedule2
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    refund of prior year grants 8,565    
    state and local bond interest 245    


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 542,743 542,743    
    COMPUTER SERVICE 20,804 1,040   20,481


    TY 2014 TaxesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 27,581 1,176   26,405
    FOREIGN TAXES PAID 17,357 17,357   0
    EXCISE TAXES 18,000 0   0