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
The Arthur W Perdue Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

52-6054332
B Telephone number (see instructions)

(800) 839-1754
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$26,146,657J 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      
4 Dividends and interest from securities...... 720,419 720,419  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,744,293
b Gross sales price for all assets on line 6a 13,024,730
7 Capital gain net income (from Part IV, line 2)... 1,744,293
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,464,712 2,464,712  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 25,000     25,000
15 Pension plans, employee benefits....... 1,913     1,913
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 40,224 34,924   5,300
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 50,589      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 25     25
22 Printing and publications.......... 903     903
23 Other expenses (attach schedule)....... Click to see attachment 71,827     71,827
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 190,481 34,924   104,968
25 Contributions, gifts, grants paid........ 921,399 921,399
26 Total expenses and disbursements. Add lines 24 and 25 1,111,880 34,924   1,026,367
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,352,832
b Net investment income (if negative, enter -0-) 2,429,788
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..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 21,447,786 Click to see attachment22,800,618 26,146,657
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,447,786 22,800,618 26,146,657
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 21,447,786 22,800,618
30 Total net assets or fund balances (see instructions)...... 21,447,786 22,800,618
31 Total liabilities and net assets/fund balances (see instructions).. 21,447,786 22,800,618
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 21,447,786
2 Enter amount from Part I, line 27a..................... 2 1,352,832
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 22,800,618
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 22,800,618
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 13,024,730   11,280,437 1,744,293
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,744,293
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,744,293
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 1,118,259 24,677,709 0.045315
2012 871,428 23,373,258 0.037283
2011 2,848,592 23,996,463 0.118709
2010 2,736,642 22,832,676 0.119856
2009 2,549,711 19,892,597 0.128174
2 Total of line 1, column (d) ...................... 2 0.449337
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 0.089867
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 25,876,190
5 Multiply line 4 by line 3....................... 5 2,325,416
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 24,298
7 Add lines 5 and 6......................... 7 2,349,714
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,026,367
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 48,596
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 48,596
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 48,596
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 47,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,811
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,811
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 1,215
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,215 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)
    bulletMD
    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
    Yes
     
    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 ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Mark Garth Dir / Sec / Treas
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anne P Oliviero Dir
    0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    James A Perdue Pres / Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Mary H Perdue Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Sandra Spedden Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Whitney M Van Der Hyde Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Foundation Source Administrative 71,787
    55 Walls Drive 3rd Floor
    Fairfield,CT06824
    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
    26,266,908
    b
    Average of monthly cash balances.......................
    1b
    3,336
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,270,244
    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
    26,270,244
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    394,054
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,876,190
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,293,810
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,293,810
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    48,596
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    48,596
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,245,214
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,245,214
    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
    1,245,214
    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
    1,026,367
    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
    1,026,367
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,026,367
    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 1,245,214
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 193,507
    b From 2010....... 1,624,780
    c From 2011....... 1,673,231
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 3,491,518
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,026,367
    a Applied to 2013, but not more than line 2a  
    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..... 1,026,367
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 218,847 218,847
    (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 3,272,671
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		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) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		3,272,671
    10 Analysis of line 9:
    a Excess from 2010.... 1,599,440
    b Excess from 2011.... 1,673,231
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    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
    ALLIANCE FOR THE CHESAPEAKE BAY INC
    501 6TH ST
    ANNAPOLIS,MD21403     		N/A PC Businesses for the Bay Initiative 10,000
    ALLIANCE FOR THE CHESAPEAKE BAY INC
    501 6TH ST
    ANNAPOLIS,MD21403     		N/A PC Project Clean Stream 10,000
    ALLIANCE FOR THE CHESAPEAKE BAY INC
    501 6TH ST
    ANNAPOLIS,MD21403     		N/A PC Charitable Event 5,000
    AMERICAN CANCER SOCIETY INC
    PO BOX 22718
    OKLAHOMA CITY,OK73123     		N/A PC Perdue Accomac Relay Team 1,000
    AMERICAN CANCER SOCIETY INC
    PO BOX 22718
    OKLAHOMA CITY,OK73123     		N/A PC Pink Ribbon Classic Program 1,000
    ATHLETES SERVING ATHLETES INC
    PO BOX 4222
    LUTHERVILLE,MD21094     		N/A PC Eastern Shore Chapter - Equipment Fund 10,000
    ATLANTIC GENERAL HOSPITAL
    9733 HEALTHWAY DR
    BERLIN,MD21811     		N/A PC Health Literacy Program 20,000
    BEAVER DAM ELEMENTARY
    183 US HWY 62 E
    BEAVER DAM,KY42320     		N/A PC Outdoor Shelter/Classroom 5,000
    BEEBE MEDICAL CENTER INC
    424 SAVANNAH RD
    LEWES,DE19958     		N/A PC Charitable Event 2,000
    BIG BROTHERS BIG SISTERS
    225 N HIGH ST
    HARRISONBURG,VA22802     		N/A PC General & Unrestricted 10,000
    BOY SCOUTS OF AMERICA
    100 W 10TH ST
    WILMINGTON,DE19801     		N/A PC Charitable Event 2,500
    BOYS & GIRLS CLUB OF FRANKLIN- SIMPSON INC
    PO BOX 888
    FRANKLIN,KY42135     		N/A PC General & Unrestricted 10,000
    BOYS & GIRLS CLUBS OF SOUTHERN MAINE
    277 CUMBERLAND AVE
    PORTLAND,ME04101     		N/A PC General & Unrestricted 2,500
    CHRISTIAN SHELTER INC
    334 BARCLAY ST
    SALISBURY,MD21804     		N/A PC General & Unrestricted 5,000
    CHRISTIAN SHELTER INC
    334 BARCLAY ST
    SALISBURY,MD21804     		N/A PC Re-Opening Project 10,000
    L Durant
    COASTAL CAROLINA UNIVERSITY
    PO BOX 261954
    CONWAY,SC29528     		None I Scholarship Grant 5,000
    COMMUNITY FOUNDATION OF THE EASTERN SHORE INC
    1324 BELMONT AVE NO 401
    SALISBURY,MD21804     		N/A PC Ben's Red Swings for new improvements Fund 10,000
    COMMUNITY FOUNDATION OF THE EASTERN SHORE INC
    1324 BELMONT AVE NO 401
    SALISBURY,MD21804     		N/A PC Red, White and BOOM - Endowment Fund 2,500
    DELAWARE CENTER FOR THE INLAND BAYS
    39375 INLET RD
    REHOBOTH,DE19971     		N/A PC Charitable Event 2,500
    DELAWARE SPECIAL OLYMPICS INC
    619 S COLLEGE AVE
    NEWARK,DE19716     		N/A PC Truck Convoy Project 7,750
    DELAWARE TECHNICAL & COMMUNITY COLLEGE EDU FDN
    100 CAMPUS DR
    DOVER,DE19903     		N/A SO II Food Safety Associate Degree Program 50,000
    DELMAR PUBLIC LIBRARY
    101 N BI STATE BLVD
    DELMAR,DE19940     		N/A PC Pledge Payment 5,000
    DIAKONIA INC
    12747 OLD BRIDGE RD
    OCEAN CITY,MD21842     		N/A PC General & Unrestricted 500
    EAST CAROLINA HEALTH
    PO BOX 6028
    GREENVILLE,NC27835     		N/A PC Non-denominational chapel and counseling room building fund 10,000
    M Makar
    EAST CAROLINA UNIVERSITY
    G120 OLD CAFETERIA COMPLEX E 5TH ST
    GREENVILLE,NC27858     		None I Scholarship Grant 5,000
    EASTERN SHORE COALITION AGAINST DOMESTIC VIOLENCE
    PO BOX 3
    ONANCOCK,VA23417     		N/A PC General & Unrestricted 10,000
    ELEVEN 21 INC
    7545 LEVIN DASHIELL RD
    HEBRON,MD21830     		N/A PC EPOCH Dream Center 5,000
    FIRST PRINCIPLES INC
    3317 HALLS HILL RD
    CRESTWOOD,KY40014     		N/A PC General & Unrestricted 10,000
    FOOD BANK OF DELAWARE INC
    14 GARFIELD WAY
    NEWARK,DE19713     		N/A PC Strike Out Hunger Payout Program 5,000
    FOOD BANK OF DELAWARE INC
    14 GARFIELD WAY
    NEWARK,DE19713     		N/A PC Summer Backpack Program in Sussex County 5,250
    FOOD BANK OF DELAWARE INC
    14 GARFIELD WAY
    NEWARK,DE19713     		N/A PC Charitable Event 1,000
    FOODBANK OF SOUTHEASTERN VIRGINIA
    800 TIDEWATER DR
    NORFOLK,VA23504     		N/A PC Strike Out Hunger Payout Program 5,000
    FOODBANK OF SOUTHEASTERN VIRGINIA
    800 TIDEWATER DR
    NORFOLK,VA23504     		N/A PC Mobile Food Pantry Project 10,000
    FOODBANK OF SOUTHEASTERN VIRGINIA
    800 TIDEWATER DR
    NORFOLK,VA23504     		N/A PC Strike Out Hunger 2013 Match Initiative 5,000
    FRIENDS OF THE GREENWOOD LIBRARY INC
    PO BOX 839
    GREENWOOD,DE19950     		N/A PC Capital Campaign 4,000
    J Welch
    GETTYSBURG COLLEGE
    Campus Box 438 300 N Washington S
    GETTYSBURG,PA17325     		None I Scholarship Grant 5,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL ST
    PORTLAND,ME04101     		N/A PC General & Unrestricted 1,000
    HABITAT FOR HUMANITY INTERNATIONAL INC
    PO BOX 1299
    EXMORE,VA23350     		N/A PC General & Unrestricted 25,000
    HEALTHY LEARNERS
    2749 LAUREL ST
    COLUMBIA,SC29204     		N/A SO I General & Unrestricted 5,000
    HELP OUTREACH POINT OF ENTRY
    129 BROAD ST
    SALISBURY,MD21801     		N/A PC Community Emergency Shelter 500
    HOME OF THE BRAVE FOUNDATION
    6632 SHARPS RD
    MILFORD,DE19963     		N/A PC Repairs and Improvements Project 7,500
    HOUSTON COUNTY SHERIFFS RESERVE UNIT
    PO BOX 659
    HAWKINSVILLE,GA31036     		N/A PC Vests Fund 8,484
    C Wilderman
    INDIANA UNIVERSITY
    FRANKLIN HALL 011 601 E KIRKWOOD
    BLOOMINGTON,IN47405     		None I Scholarship Grant 5,000
    E Healy
    INDIANA UNIVERSITY
    FRANKLIN HALL 011 601 E KIRKWOOD
    BLOOMINGTON,IN47405     		None I Scholarship Grant 5,000
    INTERFAITH COMMUNITY OUTREACH INC
    PO BOX 87
    NAGS HEAD,NC27959     		N/A PC General & Unrestricted 5,000
    JUNIOR ACHIEVEMENT OF SOUTHWESTERN INDIANA INC
    431 E DIAMOND AVE
    EVANSVILLE,IN47711     		N/A PC General & Unrestricted 3,400
    JUNIOR ACHIEVEMENT OF THE EASTERN SHORE
    200 W MAIN ST
    SALISBURY,MD21801     		N/A PC 4th Grade Program 15,000
    KIDS YULE LOVE INC
    PO BOX 2011
    MACON,GA31203     		N/A PC General & Unrestricted 2,500
    LEBANON VALLEY VOLUNTEERS IN MEDICINE CLINIC
    711 S 8TH ST
    LEBANON,PA17042     		N/A PC General & Unrestricted 5,000
    LITTLE SISTERS OF JESUS AND MARY INC
    PO BOX 1755
    SALISBURY,MD21802     		N/A PC Energy Assistance Program 2,500
    LOWER SHORE LAND TRUST INC
    9931 OLD OCEAN CITY BLVD
    BERLIN,MD21811     		N/A PC Habitat Restoration Program 10,000
    LYME DISEASE RESEARCH FOUNDATION INC
    10755 FALLS RD STE 200
    LUTHERVILLE,MD21093     		N/A PC General & Unrestricted 6,250
    MAC INCORPORATED
    909 PROGRESS CIR STE 100
    SALISBURY,MD21804     		N/A PC Charitable Event 1,000
    MAINE COLLEGE OF ART
    522 CONGRESS ST
    PORTLAND,ME04101     		N/A PC Scholarships Fund 2,500
    MARCH OF DIMES
    860 GREENBRIER CIR STE 502
    CHESAPEAKE,VA23320     		N/A PC Accomac Walk Team Initiative 1,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		N/A PC Pack to Give Back Sponsorship - Eastern Shore Branch 10,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		N/A PC Strike Out Hunger Payout Program 5,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		N/A PC For The Purchase of a Truck for the Eastern Shore Branch 12,500
    MEALS ON WHEELS OF MIDDLE GEORGIA INC
    PO BOX 6333
    MACON,GA31208     		N/A PC To address the needs of seniors from Monroe and Houston Counties 4,875
    MEHERRIN CHOWANOKE SERVICES INC
    PO BOX S
    WINTON,NC27986     		N/A PC Pow Wow Program 1,000
    MEHERRIN INDIAN TRIBE
    PO BOX 274
    AHOSKIE,NC27910     		N/A PC Charitable Event 1,000
    MILFORD HOUSING DEVELOPMENT CORPORATION
    977 E MASTEN CIR
    MILFORD,DE19963     		N/A PC General & Unrestricted 2,500
    MINORITIES IN AGRICULTURE NATURAL RESOURCES
    1720 PEACHTREE RD NW
    ATLANTA,GA30309     		N/A PC Charitable Event 1,000
    MPT FOUNDATION INC
    11767 OWINGS MILLS BLVD
    OWINGS MILLS,MD21117     		N/A PC Underwriting of Maryland Farm and Harvest Season 2 15,000
    M Quick
    NORTH CAROLINA STATE UNIVERSITY
    2016 HARRIS HALL BOX 7302
    RALEIGH,NC27695     		None I Scholarship Grant 5,000
    J Zorn
    NORTHWEST FLORIDA STATE COLLEGE
    100 COLLEGE BLVD
    NICEVILLE,FL32578     		None I Scholarship Grant 5,000
    ONE ECONOMY CORPORATION
    6296 MCKENDREE RD
    DUNKIRK,MD20754     		N/A PC Bertie County Hive House 20,000
    OPERATION WE CARE INC
    829 E WILLIAM ST
    SALISBURY,MD21804     		N/A PC Charitable Event 1,000
    PARSONSBURG FIRE CO INC
    PO BOX 208
    PARSONSBURG,MD21849     		N/A PC For The Purchase of a Mechanical CPR Device 13,000
    PENINSULA REGIONAL MEDICAL CENTER
    100 E CARROLL ST
    SALISBURY,MD21801     		N/A PC Charitable Event 2,500
    PORTLAND MUSEUM OF ART
    7 CONGRESS SQ
    PORTLAND,ME04101     		N/A PC Winslow Homer Studio 2,000
    PORTLAND OPERA REPERTORY THEATRE
    PO BOX 7733
    PORTLAND,ME04112     		N/A PC General & Unrestricted 2,500
    PREBLE STREET
    38 PREBLE ST 3RD FL
    PORTLAND,ME04101     		N/A PC Teen Center and Food Programs 1,500
    PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE
    5 COURT ST
    MIDDLEBURY,VT05753     		N/A PC Annual Fund 1,500
    PTA MARYLAND CONGRESS BEAVER RUN ELEM
    31481 OLD OCEAN CITY RD
    SALISBURY,MD21804     		N/A PC Alex Mitchell's Eagle Scout Project for the Beaver Run Elementary School Patio 4,000
    REHOBOTH BAPTIST ASSOCIATION
    744 LAKE JOY RD
    WARNER ROBINS,GA31088     		N/A PC Wingate Camps 5,000
    ROCKINGHAM COUNTY FAIR ASSOCIATION INC
    4808 S VALLEY PIKE
    ROCKINGHAM,VA22801     		N/A PC General & Unrestricted 5,000
    SALISBURY SCHOOL EDUCATIONAL FOUNDATION INC
    6279 HOBBS RD
    SALISBURY,MD21804     		N/A PC General & Unrestricted 3,000
    SALISBURY SCHOOL INC
    6279 HOBBS RD
    SALISBURY,MD21804     		N/A PC Horizons Program 2,500
    SALISBURY SUBSTANCE ABUSE COMMUNITY CENTER INC
    726 S SALISBURY BLVD
    SALISBURY,MD21801     		N/A PC General & Unrestricted 6,667
    C Dennis
    SALISBURY UNIVERSITY
    PO BOX 2195
    SALISBURY,MD21802     		None I Scholarship Grant 5,000
    SALVATION ARMY
    407 OAK ST
    SALISBURY,MD21804     		N/A PC For the purchase of Tablets for West Salisbury Club 5,000
    SAMARITANS PURSE
    PO BOX 3000
    BOONE,NC28607     		N/A PC General & Unrestricted 5,000
    SEATTLE CHILDREN'S HOSPITAL FOUNDATION
    MAIL STOP S-200 PO BOX 5371
    SEATTLE,WA98145     		N/A PC General & Unrestricted 3,125
    SEN GEORGE J MITCHELL SCHOLARSHIP RESEARCH INST
    75 WASHINGTON AVE STE 2E
    PORTLAND,ME04101     		N/A PC General & Unrestricted 2,500
    SKYLINE LITERACY
    975 S HIGH ST
    HARRISONBURG,VA22801     		N/A PC Adult Tutoring Program 2,500
    SUSSEX CENTRAL HIGH SCHOOL
    26026 PATRIOTS WAY
    GEORGETOWN,DE19947     		N/A PC Charitable Event 100
    SUSSEX COMMUNITY CRISIS HOUSING SERVICES INC
    204 E N ST
    GEORGETOWN,DE19947     		N/A PC General & Unrestricted 5,000
    THE COMMUNITY FOUNDATION INC
    7501 BOULDER VIEW DR STE 110
    N CHESTERFIELD,VA23225     		N/A PC Franklin P. Perdue Fund 20,000
    THE GRANITE STATE CHILDREN'S ALLIANCE
    2 WELLMAN AVE STE 140
    NASHUA,NH03064     		N/A PC Hillsborough Child Advocacy Center 2,500
    THE NORTH CAROLINA A & T UNIVERSITY FOUNDATION INC
    1601 E MARKET ST STE 400
    GREENSBORO,NC27411     		N/A PC Animal Science Scholarships Fund 10,000
    THE UNITED WAY OF GREATER WATERBURY INC
    PO BOX 2688
    WATERBURY,CT06723     		N/A PC General & Unrestricted 3,125
    UNITED SERVICE ORGANIZATIONS INC
    PO BOX 96860
    WASHINGTON,DC20077     		N/A PC USO Delaware - Operation Home Away from Home 5,000
    UNITED WAY OF CENTRAL GEORGIA INC
    PO BOX 1302
    MACON,GA31202     		N/A PC General & Unrestricted 7,858
    UNITED WAY OF CENTRAL GEORGIA INC
    PO BOX 1302
    MACON,GA31202     		N/A PC Promise Neighborhood - Adult Education Program and Community Garden 20,500
    UNITED WAY OF CENTRAL INDIANA INC
    3901 N MERIDIAN ST
    INDIANAPOLIS,IN46208     		N/A PC General & Unrestricted 250
    UNITED WAY OF DAVIESS COUNTY INC
    PO BOX 224
    WASHINGTON,IN47501     		N/A PC General & Unrestricted 3,819
    UNITED WAY OF DAVIESS COUNTY INC
    PO BOX 224
    WASHINGTON,IN47501     		N/A PC WISH Program 5,000
    UNITED WAY OF HARRISONBURG & ROCKINGHAM COUNTY INC
    PO BOX 326
    HARRISONBURG,VA22803     		N/A PC General & Unrestricted 1,904
    UNITED WAY OF HOPEWELL PRINCE GEORGE
    PO BOX 394
    HOPEWELL,VA23860     		N/A PC General & Unrestricted 662
    UNITED WAY OF NORTH CAROLINA
    875 WALNUT ST STE 150
    CARY,NC27511     		N/A PC United Way of Richmond County 4,772
    UNITED WAY OF NORTH CAROLINA
    875 WALNUT ST STE 150
    CARY,NC27511     		N/A PC United Way of Richmond County 4,344
    UNITED WAY OF THE LOWER EASTERN SHORE INC
    801 N SALISBURY BLVD STE 202
    SALISBURY,MD21801     		N/A PC General & Unrestricted 99,355
    UNITED WAY OF THE LOWER EASTERN SHORE INC
    801 N SALISBURY BLVD STE 202
    SALISBURY,MD21801     		N/A PC Sponsorship of brochures and pledge forms printing 10,000
    UNITED WAY OF THE LOWER EASTERN SHORE INC
    801 N SALISBURY BLVD STE 202
    SALISBURY,MD21801     		N/A PC Charitable Event 1,500
    UNITED WAY OF THE OHIO VALLEY INC
    PO BOX 705
    OWENSBORO,KY42302     		N/A PC General & Unrestricted 2,380
    UNITED WAY OF VIRGINIAS EASTERN SHORE INC
    PO BOX 605
    ONLEY,VA23418     		N/A PC General & Unrestricted 7,065
    W Wang
    UNIVERSITY OF CHICAGO
    1427 E 60TH ST STE 120
    CHICAGO,IL60637     		None I Scholarship Grant 5,000
    UNIVERSITY OF DELAWARE
    83 E MAIN ST 3RD FL
    NEWARK,DE19716     		N/A PC Graduate Fellowship in the Department of Animal and Food Sciences 25,000
    A Bagshaw
    UNIVERSITY OF DELAWARE
    30 LOVETT AVE
    NEWARK,DE19716     		None I Scholarship Grant 5,000
    UNIVERSITY OF MARYLAND FOUNDATION INC
    3300 METZEROTT RD
    ADELPHI,MD20783     		N/A PC UMES - Perdue Scholarship Fund 10,000
    UNIVERSITY OF MARYLAND FOUNDATION INC
    3300 METZEROTT RD
    ADELPHI,MD20783     		N/A PC UMES Alternative Spring Break Program 2,500
    C Adams
    UNIVERSITY OF NORTH CAROLINA AT CHA
    PO BOX 309
    CHAPEL HILL,NC27514     		None I Scholarship Grant 5,000
    B Jansen
    UNIVERSITY OF NORTH CAROLINA AT WIL
    601 S COLLEGE RD
    WILMINGTON,NC28403     		None I Scholarship Grant 5,000
    A Hermes
    UNIVERSITY OF SOUTHERN INDIANA FOUN
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		None I Scholarship Grant 5,000
    UNIVERSITY OF VIRGINIA ANNUAL FUND
    PO BOX 400807
    CHARLOTTESVILLE,VA22904     		N/A PC School of Nursing 2,500
    UPTOWN PERRY PARTNERSHIP INC
    PO BOX 2030
    PERRY,GA31069     		N/A PC Charitable Event 1,000
    VIRGINIA FOUNDATION FOR AGRICULTURE IN THE CLASS
    PO BOX 27552
    RICHMOND,VA23261     		N/A PC General & Unrestricted 2,500
    WARREN COUNTY SCHOOLS
    PO BOX 110
    WARRENTON,NC27589     		N/A PC RRVEC Robotics Pilot Program 15,000
    WASHINGTON CARNEGIE PUBLIC LIBRARY
    300 W MAIN ST
    WASHINGTON,IN47501     		N/A PC Summer Reading Program 300
    D Davis
    WESLEY COLLEGE INC
    120 N STATE ST
    DOVER,DE19901     		None I Scholarship Fund 5,000
    WEST PINE ELEMENTARY SCHOOL PARENT TEACHER ORG
    272 ARCHIE RD
    WEST END,NC27376     		N/A PC To fund the acquisition of a coop and chickens for the school garden 1,000
    WICOMICO COUNTY BOARD OF EDUCATION
    900 MOUNT HERMON RD
    SALISBURY,MD21802     		N/A PC Destination Imagination Global Finals Teams 600
    WICOMICO COUNTY BOARD OF EDUCATION
    900 MOUNT HERMON RD
    SALISBURY,MD21802     		N/A PC Mentoring Program 4,064
    WICOMICO COUNTY FREE LIBRARY INC
    122 S DIVISION ST
    SALISBURY,MD21801     		N/A PC Summer Reading Program 4,500
    WICOMICO FARM & HOME SHOW INC
    8428 RUM RIDGE RD
    DELMAR,MD21875     		N/A PC Charitable Event 500
    T Page
    WINTHROP UNIVERSITY
    701 OAKLAND AVE 19 TILLMAN HALL
    ROCK HILL,SC29733     		None I Scholarship Grant 5,000
    WITNESS INTERNATIONAL INC
    PO BOX 2797
    SALISBURY,MD21802     		N/A PC General & Unrestricted 5,000
    WOR-WIC COMMUNITY COLLEGE FOUNDATION
    32000 CAMPUS DR
    SALISBURY,MD21804     		N/A PC Hazel Center 30,000
    WORCESTER COUNTY G O L D INC
    299 COMMERCE ST
    SNOW HILL,MD21863     		N/A PC Emergency Housing Fund 1,500
    YOUNG MENS CHRISTIAN ASSOCIATION OF THE CHESAPEAKE
    202 PEACH BLOSSOM LN
    EASTON,MD21601     		N/A PC Mid Shore Family YMCA facility renovation and expansion 30,000
    Total .................................bullet 3a 921,399
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 720,419  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,744,293  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,464,712  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,464,712
    (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

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    TY 2014 DepreciationSchedule
    Name:
    The Arthur W Perdue Foundation Inc
    EIN: 52-6054332
    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 InvestmentsCorpStockSchedule
    Name:
    The Arthur W Perdue Foundation Inc
    EIN: 52-6054332
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD FTSE ALL-WORLD EX-US 7,640,483 7,292,867
    VANGUARD INTERMEDIATE TERM INV 2,114,263 2,087,067
    VANGUARD REIT INDEX FD ADMIRAL 1,951,123 2,114,876
    VANGUARD SHORT-TERM CORPORATE 1,589,394 1,571,826
    VANGUARD TOTAL BOND MARKET IND 4,205,485 4,190,114
    VANGUARD TOTAL STOCK MARKET IN 5,299,870 8,889,907

    TY 2014 OtherExpensesSchedule
    Name:
    The Arthur W Perdue Foundation Inc
    EIN: 52-6054332
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 71,787     71,787
    MISCELLANEOUS EXPENSES 40     40


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    The Arthur W Perdue Foundation Inc
    EIN: 52-6054332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 34,924 34,924    
    SCHOLARSHIP MANAGEMENT SVCS 3,500     3,500
    Website Development 1,800     1,800


    TY 2014 TaxesSchedule
    Name:
    The Arthur W Perdue Foundation Inc
    EIN: 52-6054332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 47,000      
    990-PF Excise Tax for 2013 3,589