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 MELVIN AND VIRGINIA HUTSON
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2716   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DECATUR, AL356022716
A Employer identification number

63-0885492
B Telephone number (see instructions)

(256) 353-7826
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$10,232,146J 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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 144 144  
4 Dividends and interest from securities...... 404,631 404,631  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 27,394
b Gross sales price for all assets on line 6a 825,432
7 Capital gain net income (from Part IV, line 2)... 27,394
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........ 432,169 432,169  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,675 10,750   8,025
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,310     100
b Accounting fees (attach schedule)....... Click to see attachment 1,050      
c Other professional fees (attach schedule).... Click to see attachment 62,970 62,970    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,000      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,476 443   738
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,261 76   111
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 115,742 74,239   8,974
25 Contributions, gifts, grants paid........ 446,717 446,717
26 Total expenses and disbursements. Add lines 24 and 25 562,459 74,239   455,691
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -130,290
b Net investment income (if negative, enter -0-) 357,930
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.......... 304,437 931,561 931,561
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) 1,399,727 Click to see attachment1,396,666 1,551,578
b Investments—corporate stock (attach schedule)........ 5,091,390 Click to see attachment4,577,713 5,464,927
c Investments—corporate bonds (attach schedule)........ 2,345,523 Click to see attachment2,104,847 2,284,080
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) 9,141,077 9,010,787 10,232,146
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................... 9,141,077 9,010,787
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    
30 Total net assets or fund balances (see instructions)...... 9,141,077 9,010,787
31 Total liabilities and net assets/fund balances (see instructions).. 9,141,077 9,010,787
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 9,141,077
2 Enter amount from Part I, line 27a..................... 2 -130,290
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 9,010,787
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 9,010,787
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 100,000 INTERNATIONAL LEASE FINANCE P 2008-04-21 2014-04-15
b 9,191.176 PIMCO TOTAL RETURN FUND P 2011-11-01 2014-03-03
c 1,049.771 PIMCO TOTAL RETURN FUND P 2011-11-01 2014-09-26
d 26,596.597 PIMCO TOTAL RETURN FUND P 2011-11-01 2014-09-26
e 8,628.128 PIMCO TOTAL RETURN FUND P 2012-10-31 2014-09-26
100,000 SLM CORPORATION P 2007-04-19 2014-05-15
100,000 BELLSOUTH CORPORATION P 2009-03-09 2014-07-13
1,000 FHLMC SERIES 2495 P 2005-02-02 2014-02-18
1,000 FHLMC SERIES 2495 P 2005-02-02 2014-01-07
1,000 FHLMC SERIES 2495 P 2005-02-02 2014-05-15
.75 NUVEEN GLOBAL HIGH INCOME FUND P 2007-04-25 2014-12-12
(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 100,000   100,004 -4
b 100,000   99,725 275
c 11,411   11,925 -514
d 289,105   291,250 -2,145
e 93,788   100,000 -6,212
100,000   91,441 8,559
110,212   100,612 9,600
1,000   1,020 -20
1,000   1,020 -20
1,000   1,020 -20
13   21 -8
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       -4
b       275
c       -514
d       -2,145
e       -6,212
      8,559
      9,600
      -20
      -20
      -20
      -8
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 27,394
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 -4
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 468,820 9,610,993 0.048780
2012 424,626 9,462,318 0.044875
2011 412,815 8,847,934 0.046657
2010 484,178 8,822,529 0.054880
2009 501,423 8,152,189 0.061508
2 Total of line 1, column (d) ...................... 2 0.256700
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 0.051340
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,740,983
5 Multiply line 4 by line 3....................... 5 500,102
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,579
7 Add lines 5 and 6......................... 7 503,681
8 Enter qualifying distributions from Part XII, line 4.............. 8 455,691
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 7,159
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 7,159
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 7,159
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 14,465
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 14,465
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 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 7,306
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet7,306 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)
    bulletAL
    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 addressbulletN/A
    14
    The books are in care ofbulletKAREN W TRUITT Telephone no.bullet (256) 353-7826
    Located atbullet201 SECOND AVE SEDECATURAL ZIP+4bullet35601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    KAREN W TRUITT PRESIDENT-TR
    5.00     		20,625 0 0
    PO BOX 2716
    DECATUR,AL35602
    MIKE STERYOUS VP/SECRETARY
    1.00     		2,550 0 0
    PO BOX 2716
    DECATUR,AL356022716
    DAVID BRELAND DIRECTOR
    1.00     		500 0 0
    PO BOX 2716
    DECATUR,AL356022716
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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
    RAYMOND JAMES FINANCIAL ADV 62,970
    880 CARILLON PARKWAY
    ST PETERSBURG,FL33716
    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 N/A  
    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
    9,389,551
    b
    Average of monthly cash balances.......................
    1b
    499,772
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,889,323
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,889,323
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    148,340
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,740,983
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    487,049
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    487,049
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,159
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,159
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    479,890
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    479,890
    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
    479,890
    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
    455,691
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    455,691
    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
    455,691
    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 7 479,890
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 92,982
    b From 2010....... 49,544
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 142,526
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 455,691
    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..... 455,691
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014. 24,199 24,199
    (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 5 118,327
    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) ...     		68,783
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		49,544
    10 Analysis of line 9:
    a Excess from 2010.... 49,544
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    AGAPE OF NORTH ALABAMA
    2813 MASTIN LAKE ROAD
    HUNTSVILLE,AL35810     		NONE PUBLIC CHARITABLE 10,000
    ALABAMA CHRISTIAN YOUTH CAMP
    768 CAMP NEY A TI ROAD
    GUNTERSVILLE,AL35976     		NONE PUBLIC CHARITABLE 5,000
    AUSTINVILLE CHURCH OF CHRIST
    2833 DANVILLE ROAD SW
    DECATUR,AL35603     		NONE PUBLIC CHARITABLE 10,000
    BAPTIST MID-MISSIONS FOUNDATION
    PO BOX 308011
    CLEVELAND,OH44180     		NONE PUBLIC CHARITABLE 4,000
    BAPTIST WORLD MISSION
    PO BOX 2149
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 19,000
    BELTLINE CHURCH OF CHRIST
    2159 BELTLINE ROAD SW
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 5,000
    BIBLICAL MINISTRIES WORLDWIDE
    1595 HERRINGTON ROAD
    LAWRENCEVILLE,GA30043     		NONE PUBLIC CHARITABLE 20,000
    CENTRAL UNITED METHODIST CHURCH
    616 JACKSON ST SE
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 1,000
    CHILD EVANGELISM FELLOWSHIP OF NW A
    PO BOX 1414
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 5,000
    CHILDHAVEN
    PO BOX 2070
    CULLMAN,AL35056     		NONE PUBLIC CHARITABLE 10,000
    COMMUNITY FREE CLINIC OF MORGAN CO
    245 JACKSON STREET SE
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 30,000
    DAVID TEMPLE WORD OF FAITH BAPTIST
    5648 COUNTY ROAD 387
    HILLSBORO,AL35643     		NONE PUBLIC CHARITABLE 1,717
    DELANO PARK CONSERVANCY
    PO BOX 742
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 5,000
    FIRST BAPTIST CHURCH
    123 CHURCH STREET NE
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 116,000
    FRONTLINE MISSIONS INTERNATIONAL
    PO BOX 829
    TAYLORS,SC29687     		NONE PUBLIC CHARITABLE 20,000
    GOSPEL FELLOWSHIP ASSOCIATION
    1809 WADE HAMPTON BLVD
    GREENVILLE,SC29609     		NONE PUBLIC CHARITABLE 50,000
    HATTON CHURCH OF CHRIST
    7045 HIGHWAY 101
    TOWN CREEK,AL35672     		NONE PUBLIC CHARITABLE 10,000
    HEALING HANDS INTERNATIONAL
    455 MCNALLY DRIVE
    NASHVILLE,TN37211     		NONE PUBLIC CHARITABLE 10,000
    HERITAGE CHRISTIAN UNIVERSITY
    PO BOX HCU
    FLORENCE,AL35630     		NONE PUBLIC CHARITABLE 6,500
    HIGHLAND PARK CHURCH OF CHRIST
    PO BOX 2216
    MUSCLE SHOALS,AL35662     		NONE PUBLIC CHARITABLE 5,000
    HOSPICE OF THE VALLEY
    PO BOX 2745
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 2,500
    INTERNATIONAL PARTNERSHIP MINISTRIE
    PO BOX 337
    HANOVER,PA17331     		NONE PUBLIC CHARITABLE 7,000
    MAYFAIR CHURCH OF CHRIST
    1095 CARL T JONES DRIVE
    HUNTSVILLE,AL35802     		NONE PUBLIC CHARITABLE 5,000
    MOUNT ABARIM BAPTIST MISSION
    PO BOX 173067
    ARLINGTON,TX76003     		NONE PUBLIC CHARITABLE 20,000
    NEIGHBORHOOD CHRISTIAN CENTER
    619 BANK STREET
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 5,000
    NORTH LOVE BAPTIST CHURCH
    5301 E RIVERSIDE BLVD
    ROCKFORD,IL61114     		NONE PUBLIC CHARITABLE 20,000
    PROJECT RESCUE
    179 CAVE SPRINGS ROAD
    DECATUR,AL35603     		NONE PUBLIC CHARITABLE 10,000
    RAINBOW OMEGA
    PO BOX 740
    EASTABOGO,AL36260     		NONE PUBLIC CHARITABLE 8,000
    SHENANDOAH BAPTIST CHURCH
    6520 WILLIAMSON ROAD
    ROANOKE,VA24019     		NONE PUBLIC CHARITABLE 2,500
    THE COMMUNITY FOUNDATION OF DECATUR
    PO BOX 79
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 5,000
    TO EVERY TRIBE
    PO BOX 1383
    WHEATON,IL60187     		NONE PUBLIC CHARITABLE 5,000
    TRINITY UNITED METHODIST CHURCH
    PO BOX 38
    TRINITY,AL35673     		NONE PUBLIC CHARITABLE 2,500
    WORLD WIDE NEW TESTAMENT BAPTIST
    PO BOX 725
    KINGS MOUNTAIN,NC28086     		NONE PUBLIC CHARITABLE 6,000
    YOUTH WITH A MISSION
    PO BOX 60579
    COLORADO SPRINGS,CO80960     		NONE PUBLIC CHARITABLE 5,000
    Total .................................bullet 3a 446,717
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 144  
    4 Dividends and interest from securities....     14 404,631  
    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 27,394  
    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)..   432,169  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13432,169
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BYRD SMALLEY ADAMS PC 1,050      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100,000 INTERNATIONAL LEASE FINANCE    
    100,000 SLM CORPORATION MEDIUM TERM    
    100,000 HARTFORD LIFE INS CO 100,004 98,426
    50,000 COUNTRYWIDE FINANCIAL CORP NT 50,367 53,067
    50,000 COUNTRYWIDE FINANCIAL CORP NT 51,980 53,067
    100,000 BELLSOUTH CORP NTS    
    100,000 MERRILL LYNCH & CO INC NTS 98,064 108,101
    150,000 HARTFORD LIFE INS CO MTN 150,004 153,469
    100,000 THE GOLDMAN SACHS GROUP 100,005 111,870
    100,000 GOLDMAN SACHS GROUP 100,005 109,320
    100,000 PRINCIPAL LIFE INCOME TRUST 100,004 112,981
    150,000 PACIFIC BELL DEBENTURE 160,586 191,106
    150,000 WAL-MART STORES INC. 185,471 220,905
    100,000 GOLDMAN SACHS GRP INC 100,005 104,941
    57,000 JOHNSON & JOHNSON NTS 63,417 77,323
    100,000 BANK OF AMERICA 100,005 109,177
    150,000 LLOYDS TSB BANK PLC NTS 150,958 179,126
    100,000 GOLDMAN SACHS GRP 100,005 113,594
    18,000 BELLSOUTH TELECOMMUNICATIONS 22,517 21,528
    100,000 CITIGROUP FUNDING INC NTS 100,005 93,025
    50,000 CITIGROUP INC DEBENTURE 61,736 63,084
    50,000 GOLDMAN SACHS GROUP INC 50,005 48,813
    BARCLAYS BANK PLC MTN 100,005 99,370
    50,000 SENIOR MEDIUM TERM NOTES SERI 51,381 50,665
    NASDAQ OMX GROUP INC NTS 108,318 111,122

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,700 SHARES AT&T INCORPORATED 100,938 90,693
    2,000 SHARES ALLSTATE CORPORATION 98,683 140,500
    1,200 SHARES AMERICAN ELEC PWR INC 52,113 72,864
    3,500 SHARES AMERICAN WTR WKS COMPAN 94,320 186,550
    1,400 SHARES BANK OF AMERICA CORP 65,739 25,046
    7,200 SHARES CSX CORPORATION 41,364 260,856
    3,200 SHARES CHEVRON CORPORATION 141,824 358,976
    480 SHARES CITIGROUP INCORPORATED 223,831 25,973
    2,300 SHARES CONAGRA FOODS 67,388 83,444
    1,000 SHARES EXELON CORPORATION 37,964 37,080
    3,000 SHARES GENERAL ELECTRIC CO 93,787 75,810
    125 SHARES HALYARD HEALTH INCORPORAT 2,599 5,684
    1,600 SHARES HOME DEPOT INCORPORATED 43,491 167,952
    2,000 SHARES INTEL CORPORATION 41,912 72,580
    1,000 SHARES JOHNSON & JOHNSON 59,241 104,570
    1,000 SHARES KELLOGG COMPANY 50,843 65,440
    1,000 SHARES KIMBERLY CLARK CORP 59,985 115,540
    533 SHARES KRAFT FOODS GROUP INC 18,038 33,398
    1,600 SHARES MONDELEZ INTERNATIONAL 33,388 58,120
    1,500 SHARES MERCK & COMPANY 65,578 85,185
    1,000 SHARES NEXTERA ENERGY INC. 66,384 106,290
    1,500 SHARES PEPSICO INCORPORATED 101,919 141,840
    3,580 SHARES PFIZER INCORPORATED 96,265 111,517
    1,000 SHARES PROCTER & GAMBLE COMPAN 66,374 91,090
    1,175 SHARES REGIONS FINANCIAL CORP 34,221 12,408
    3,600 SHARES SOUTHERN COMPANY 148,843 176,796
    2,000 SHARES SYSCO CORPORATION 60,388 79,380
    800 SHARES TARGET CORPORATION 50,959 60,728
    700 SHARES 3M COMPANY 49,559 115,024
    660 SHARES WAL-MART STORES INC 50,088 56,681
    1,000 SHARES MEDTRONIC INC 47,335 72,200
    2,800 SHARES VERIZON COMMUNICATIONS 99,377 130,984
    1,300 SHARES EATON CORPORATION PLC 64,165 88,348
    4,000 SHARES GOLDMAN SACHS GROUP INC 100,005 103,440
    4,000 SHARES ING GROUP PERPETUAL HYB 100,004 102,960
    4,000 SHARES MORGAN STANLEY CAPITAL 100,004 100,772
    2,000 SHARES ARGO GROUP US INC 50,005 49,260
    2,000 SHARES PNC FINANCIAL SERVICES 50,005 47,820
    1,200 SHARES PRUDENTIAL FINANCIAL IN 30,005 30,048
    12,000 SHARES RAYMOND JAMES FINANCIA 300,005 327,480
    2,000 SHARES REGIONS FINANCIAL CORP 50,005 50,068
    4,000 SHARES THE CHARLES SCHWAB CORP 100,005 102,400
    1,200 SHARES STANLEY BLACK & DECKER 30,005 30,312
    2,000 SHARES STAG INDUSTRIAL INC 50,005 51,354
    1,500 SHARES LASALLE HOTEL PROPERTIE 37,505 37,874
    1,135 SHARES HEALTH CARE REIT INC 41,436 85,885
    2,750 SHARES ANNALY CAP MGMT INC 49,173 29,727
    1,000 SHARES DIGITAL RLTY TR INC 74,084 66,300
    1,600 SHARES AMERICAN CAPITAL AGENCY 51,503 34,928
    3,000 SHARES CAMPUS CREST CMNTYS INC 33,571 21,930
    1,800 SHARES WEYERHAEUSER COMPANY 52,297 64,602
    6,307.847 SHARES BLACKROCK GLOBAL 127,440 125,337
    2,990.023 SHARES FIRST EAGLE GLOBAL 136,841 157,395
    45,465.672 SHARES PIMCO TOTAL RETURN    
    7,500 SHARES BLACKROCK BUILD AMER BD 150,005 166,200
    5,000 SHARES DOW 30SM ENHANCED PREM 70,966 66,618
    7,500 SHARES FIRST TR SR FLG RTE INC 130,237 97,575
    7354 SHARES NUVEEN GLOBAL HIGH INCOM 206,867 126,855
    12,500 SHARES NUVEEN MULT CURR ST GV    
    12,500 SHARES INVESCO VAN KAMPEN SR 101,504 57,000
    4,000 SHARES ING PRIME RATE TR SH BE 25,328 21,240

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    US Government Securities - End of Year Book Value:

    1,265,424
    US Government Securities - End of Year Fair Market Value:

    1,409,389
    State & Local Government Securities - End of Year Book Value:


    131,242
    State & Local Government Securities - End of Year Fair Market Value:


    142,189


    TY 2014 LegalFeesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BLACKBURN MALONEY SCHUPPERT LLC 2,310     100


    TY 2014 OtherExpensesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    LIABILITY INSURANCE 4,041      
    POST OFFICE BOX RENT 140 70   70
    POSTAGE 31 6   16
    SUPPLIES 49     25


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RAYMOND JAMES & ASSOCIATES 62,970 62,970    


    TY 2014 TaxesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
    FOUNDATION
    EIN: 63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 20,000