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
PEBBLE HILL FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 830   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
THOMASVILLE, GA31799
A Employer identification number

34-6525857
B Telephone number (see instructions)

(229) 226-2344
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$43,034,286J 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).............. 31,100
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 519 519  
4 Dividends and interest from securities...... 521,342 521,342  
5a Gross rents.............. 374,937 374,937  
b Net rental income or (loss) 79,131
6a Net gain or (loss) from sale of assets not on line 10 126,067
b Gross sales price for all assets on line 6a 5,174,204
7 Capital gain net income (from Part IV, line 2)... 126,067
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 4,132
b Less: Cost of goods sold.... 2,464
c Gross profit or (loss) (attach schedule)..... 1,668 1,668
11 Other income (attach schedule)....... Click to see attachment 217,100 0 217,100
12 Total. Add lines 1 through 11........ 1,272,733 1,022,865 218,768
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 108,589 0 0 108,589
14 Other employee salaries and wages...... 570,192 83,722 0 486,470
15 Pension plans, employee benefits....... 132,096 16,648 0 115,440
16a Legal fees (attach schedule)......... Click to see attachment 252 126 0 126
b Accounting fees (attach schedule)....... Click to see attachment 26,154 13,077 0 13,077
c Other professional fees (attach schedule).... Click to see attachment 129,742 129,742 0 0
17 Interest............... 1,606 0 0 1,606
18 Taxes (attach schedule) (see instructions)... Click to see attachment 115,176 15,005 0 94,330
19 Depreciation (attach schedule) and depletion... 441,909 63,357 63,357
20 Occupancy.............. 117,375 16,290 0 101,085
21 Travel, conferences, and meetings....... 1,049 0 0 1,049
22 Printing and publications.......... 21,865 3,184 0 18,681
23 Other expenses (attach schedule)....... Click to see attachment 670,967 97,600 0 573,367
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,336,972 438,751 63,357 1,513,820
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 2,336,972 438,751 63,357 1,513,820
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,064,239
b Net investment income (if negative, enter -0-) 584,114
c Adjusted net income (if negative, enter -0-)... 155,411
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............... 350 350 350
2 Savings and temporary cash investments.......... 195,663 304,651 304,651
3 Accounts receivable bullet21,293
Less: allowance for doubtful accounts bullet   21,600 21,293 21,293
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............... 34,085 31,621 31,621
9 Prepaid expenses and deferred charges...........   34,159 31,706
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 12,100,150 Click to see attachment11,990,579 11,067,381
c Investments—corporate bonds (attach schedule)........ 3,890,435 Click to see attachment4,063,635 4,000,649
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,421,069 Click to see attachment3,440,549 3,848,618
14 Land, buildings, and equipment: basis bullet14,772,410
Less: accumulated depreciation (attach schedule) bullet5,372,778 9,611,557 Click to see attachment9,399,632 15,027,859
15 Other assets (describe bullet) Click to see attachment138,395 Click to see attachment138,395 Click to see attachment8,700,158
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,413,304 29,424,864 43,034,286
Liabilities 17 Accounts payable and accrued expenses.......... 69,030 108,913
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 6,072 47,840
22 Other liabilities (describe bullet) Click to see attachment387,448 Click to see attachment381,596
23 Total liabilities (add lines 17 through 22).......... 462,550 538,349
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 19,824,205 18,759,966
25 Temporarily restricted................    
26 Permanently restricted................ 10,126,549 10,126,549
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)...... 29,950,754 28,886,515
31 Total liabilities and net assets/fund balances (see instructions).. 30,413,304 29,424,864
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 29,950,754
2 Enter amount from Part I, line 27a..................... 2 -1,064,239
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 28,886,515
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 28,886,515
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 ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I P 2014-08-28 2014-10-22
b PIMCO LOW DURATION FUND II P 2014-03-06 2014-10-22
c WHITEBOX TACTICAL OPPORTUNITIES FUND P 2014-08-28 2014-10-22
d ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I P 2014-08-28 2014-10-30
e PIMCO ALL ASSET FUND CLASS I P 2014-08-28 2014-10-30
WHITEBOX TACTICAL OPPORTUNITIES FUND P 2014-08-28 2014-10-30
FPA CRESCENT PORTFOLIO FUND CLASS I P 2014-08-28 2014-10-31
RIVERNORTH CORE OPPORTUNITY FUND CLASS R P 2014-08-28 2014-10-31
ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I P 2014-08-28 2014-11-28
FPA CRESCENT PORTFOLIO FUND CLASS I P 2014-08-28 2014-11-28
OPPENHEIMER STEELPATH MLP SELECT 40 P 2014-03-06 2014-11-28
PIMCO ALL ASSET FUND CLASS I P 2014-08-28 2014-11-28
RIVERNORTH CORE OPPORTUNITY FUND CLASS R P 2014-08-28 2014-11-28
WHITEBOX TACTICAL OPPORTUNITIES FUND P 2014-08-28 2014-11-28
OPPENHEIMER STEELPATH MLP SELECT 40 P 2014-03-06 2015-01-29
DTC CREDIT OPPORTUNITY P 2014-03-31 2015-02-05
DTC CREDIT OPPORTUNITY P 2014-04-07 2015-04-06
DTC CREDIT OPPORTUNITY P 2014-03-31 2015-05-06
UBS AG JERSEY BRH E TRACS LKD TO ALERIAN MLP INFRASTRUCTURE INDEX P 2014-03-06 2015-05-22
DTC INTERNATIONAL EQUITY P 2014-03-31 2015-09-04
HCC ABSOLUTE RETURN II OFFSHORE FUND LTD P 2006-07-28 2015-06-24
HCC TOTAL RETURN II OFFSHORE FUND LTD P 2006-07-28 2015-06-24
LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND P 2014-03-20 2015-02-24
LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND P 2014-03-20 2015-02-24
LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND P 2014-03-20 2015-04-29
LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND P 2014-03-20 2015-04-29
SECURITY TRUCK P 2011-04-29 2015-07-22
(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 83,500   87,569 -4,069
b 100,000   100,810 -810
c 89,700   92,353 -2,653
d 225,000   236,025 -11,025
e 225,000   234,124 -9,124
220,000   227,965 -7,965
161,700   165,478 -3,778
161,700   165,519 -3,819
100,000   103,307 -3,307
160,000   154,927 5,073
375,000   352,875 22,125
130,000   131,792 -1,792
150,000   147,082 2,918
100,000   104,801 -4,801
440,000   452,738 -12,738
240,000   244,234 -4,234
160,000   169,340 -9,340
893,885   945,563 -51,678
686,752   690,209 -3,457
200,000   224,215 -24,215
80,753     80,753
162,143     162,143
2,000   1,978 22
6,000   6,246 -246
2,300   2,304 -4
4,500   4,662 -162
14,271 15,525 17,546 12,250
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       -4,069
b       -810
c       -2,653
d       -11,025
e       -9,124
      -7,965
      -3,778
      -3,819
      -3,307
      5,073
      22,125
      -1,792
      2,918
      -4,801
      -12,738
      -4,234
      -9,340
      -51,678
      -3,457
      -24,215
      80,753
      162,143
      22
      -246
      -4
      -162
      12,250
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 2 126,067
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 1,472,384 21,609,100 0.068137
2012 1,676,051 21,113,440 0.079383
2011 1,723,183 20,369,406 0.084597
2010 1,616,220 21,423,387 0.075442
2009 1,577,071 19,821,181 0.079565
2 Total of line 1, column (d) ...................... 2 0.387124
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 0.077425
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 18,603,440
5 Multiply line 4 by line 3....................... 5 1,440,371
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,841
7 Add lines 5 and 6......................... 7 1,446,212
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,513,820
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 5,841
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,841
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,841
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 40,000
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 40,000
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 34,159
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet34,159 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.PEBBLEHILL.COM
    14
    The books are in care ofbulletPEBBLE HILL FOUNDATION W GOODMAN Telephone no.bullet (229) 226-2344
    Located atbullet1251 HIGHWAY 319 STHOMASVILLEGA ZIP+4bullet31792
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    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
    WALLACE GOODMAN DIRECTOR
    40.00     		108,589 15,912 0
    1251 US HWY 319 S
    THOMASVILLE,GA31792
    TIM SANDERS SECRETARY/TREASURER/TRUSTEE
    1.00     		0 0 0
    PO BOX 1479
    THOMASVILLE,GA31799
    NANCY STAHL VICE PRESIDENT
    1.00     		0 0 0
    1251 US HWY 319 S
    THOMASVILLE,GA31792
    JOHN DUNLAP TRUSTEE
    1.00     		0 0 0
    1251 US HWY 319 S
    THOMASVILLE,GA31792
    GEORGE M HUMPHREY II TRUSTEE EMERITUS
    1.00     		0 0 0
    1251 US HWY 319 S
    THOMASVILLE,GA31792
    WARREN BICKNELL PRESIDENT
    1.00     		0 0 0
    1251 US HWY 319 S
    THOMASVILLE,GA31792
    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
    WALLACE GOODMAN EXECUTIVE DIRECTOR
    40.00     		108,589 15,912 0
    PO BOX 830
    THOMASVILLE,GA31792
    WHITNEY WHITE MUSEUM MANAGER
    40.00     		53,427 0 0
    PO BOX 830
    THOMASVILLE,GA31792
    WILLIE WYCHE HEAD OF SECURITY
    40.00     		51,526 0 0
    PO BOX 830
    THOMASVILLE,GA31792
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    DIVERSIFIED TRUST INVESTMENT ADVISORY FEES 208,237
    400 GALLERIA PARKWAY SE SUITE 1400
    ATLANTA,GA30339
    JOHNSON INSTITUTIONAL JANITORIAL SERVICES-MUSEUM 104,545
    507 CAMPBELL ST
    THOMASVILLE,GA31792
    STONY CREEK INC GROUND MAINTENANCE 74,964
    174 BIG STAR DRIVE
    THOMASVILLE,GA31757
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 EXPENSES TO OPERATE HISTORICAL MUSEUM WHICH IS OPEN TO THE PUBLIC IN CONJUNCTION WITH EDUCATIONAL AND PUBLIC CHARITABLE ACTIVITIES. VISITORS TO THE GROUNDS AND MUSEUM DURING THE FISCAL YEAR WERE 15,691. 1,513,820
    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.........................bullet0
    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
    18,570,428
    b
    Average of monthly cash balances.......................
    1b
    316,313
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,886,741
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    18,886,741
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    283,301
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,603,440
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    930,172
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    1,513,820
    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
     
    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
    1,513,820
    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
    5,841
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,507,979
    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  
    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.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$  
    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.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    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 ..........     		 
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    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
    2015-11-23
    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
    155,411 49,673 1,055,672 1,018,470 2,279,226
    b 85% of line 2a ......... 132,099 42,222 897,321 865,700 1,937,342
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,513,820 1,472,384 1,676,051 1,723,183 6,385,438
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,513,820 1,472,384 1,676,051 1,723,183 6,385,438
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		620,115 720,303 703,781 678,980 2,723,179
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    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
    aADMISSIONS         93,493
    bTIMBER SALVAGE         107,525
    cCONCESSIONS         10
    dMISCELLANEOUS         16,072
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 519  
    4 Dividends and interest from securities....     14 521,342  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 79,131  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        126,067
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..     03 1,668  
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 602,660 343,167
    13Total. Add line 12, columns (b), (d), and (e)..................
    13945,827
    (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.)
    11 ACTIVITIES RELATED TO THE OPERATION OF A HISTORIC SHOOTING PLANTATION AND MUSEUM
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    PEBBLE HILL FOUNDATION INC
     
    Employer identification number

    34-6525857
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    PEBBLE HILL FOUNDATION INC
          		Employer identification number

    34-6525857
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    BESSEMER TRUST  
    70 W MADISON ST SUITE 4900
     
    CHICAGO, IL60602

    		$28,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    PEBBLE HILL FOUNDATION INC
          		Employer identification number

    34-6525857
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    PEBBLE HILL FOUNDATION INC
          		Employer identification number

    34-6525857
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 26,154 13,077 0 13,077

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DTC CORE FIXED INCOME FUND-192417.159 SHRS 1,852,435 1,855,028
    LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND CLASS I-27153.56 SHRS 290,000 267,734
    LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND CL Y-24757.28 SHRS 255,000 246,087
    PIMCO LOW DURATION FUND II-145939.942 SHRS 1,449,190 1,420,287
    PIMCO INCOME FUND-12489.93 SHRS 155,000 151,696
    PIMCO LOW DURATION FUND II - 3405.37 SHRS 33,700 33,141
    LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND - 615.160 SHRS 6,718 6,065
    LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND - 1,040.530 SHRS 11,092 10,343
    PIMCO INCOME FUND - 845.411 SHRS 10,500 10,268

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GLEN MOR HOMES-250 SHRS 1,483 6,250
    DTC EQUITY OPPORTUNITY FUND-120983.563 SHRS 1,622,383 1,500,102
    DTC INTERNATIONAL EQUITY FUND-196041.739 SHRS 5,250,785 4,743,079
    DTC LARGE CAP US EQUITY FUND-142336.146 SHRS 3,930,000 3,772,743
    DTC SMALL/MID CAP US EQUITY FUND-17421.121 SHRS 863,043 791,513
    OPPENHEIMER STEELPATH MLP-20202.169 SHRS 251,315 192,325
    APPLE, INC. - 30 SHRS 3,036 3,309
    SPDR S&P 500 ETF - 41 SHRS 8,141 7,899
    VANGUARD INTL EQUITY INDEX - 263 SHRS 13,268 11,272
    DTC EQUITY OPPORTUNITY FUND - 2058.332 SHRS 27,900 25,521
    UBS AG JERSEY BRH E TRACS - 494 SHRS 19,225 13,368

    TY 2014 InvestmentsOtherSchedule2
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I-13027.436 SHRS AT COST 150,597 128,451
    FPA CRESCENT PORTFOLIO FUND CLASS I-7288.925 SHRS AT COST 247,094 233,393
    HCC PRIVATE EQUITY OFFSHORE VI FUND-1567.098 SHRS AT COST 528,154 1,016,111
    HCC PRIVATE EQUITY OFFSHORE VII FUND-654.855 SHRS AT COST 402,300 660,793
    HCC PRIVATE EQUITY OFFSHORE VIII FUND-162.77 SHRS AT COST 144,653 195,425
    HCC PRIVATE EQUITY OFFSHORE IX FUND-66.946 SHRS AT COST 119,723 116,682
    PIMCO ALL ASSET FUND CLASS I-16505.495 SHRS AT COST 206,484 171,657
    RIVERNORTH CORE OPPORTUNITY FUND CLASS R-19466.466 SHRS AT COST 254,900 211,617
    TORTOISE MLP & PIPELINE FUND-44042.17 SHRS AT COST 730,000 520,138
    VANGUARD INDEX FDS S&P 500 ETF-2350 SHRS AT COST 433,862 412,919
    WHITEBOX TACTICAL OPPORTUNITIES FUND-11857.626 SHRS AT COST 152,382 119,881
    ASTON/RIVER ROAD INDEPENDENT VALUE FUND - 1578.95 SHRS AT COST 18,000 15,568
    FPA CRESCENT PORTFOLIO FUND - 431.06 SHRS AT COST 14,400 13,803
    PIMCO ALL ASSET FUND CLASS I - 1492.537 SHRS AT COST 18,000 15,522
    THE RIVERNORTH CORE OPPORTUNITY - 647.25 SHRS AT COST 8,000 7,045
    WHITEBOX TACTICAL OPPORTUNITIES FUND - 950.872 SHRS AT COST 12,000 9,613

    TY 2014 LandEtcSchedule2
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 10,052,163 2,842,661 7,209,502 8,000,000
    REFORESTATION 182,559 83,666 98,893 100,000
    AUTO & TRUCKS 261,785 189,055 72,730 50,000
    CATTLE & HORSES 19,371 17,472 1,899 5,000
    MACHINERY & EQUIPMENT 894,687 780,208 114,479 500,000
    FURNITURE & FIXTURES 825,116 695,118 129,998 1,200,000
    OFFICE EQUIPMENT 341,025 270,370 70,655 100,000
    PAVING 171,937 100,166 71,771 1,000,000
    LAND IMPROVEMENTS 550,509 381,845 168,664 1,200,000
    COMPUTER SOFTWARE 13,633 11,575 2,058 1,000
    LAND - PEBBLE HILL 1,056,614 0 1,056,614 2,364,168
    TIMBER 307,908 0 307,908 400,000
    CONSTRUCTION IN PROCESS 89,467 0 89,467 106,691
    SOFTWARE 5,636 642 4,994 1,000


    TY 2014 LegalFeesSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 252 126 0 126


    TY 2014 OtherAssetsSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MUSEUM FURNISHINGS 138,395 138,395 8,700,158


    TY 2014 OtherExpensesSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OUTSIDE SERVICES 257,676 0 0 257,676
    ADVERTISING 28,588 0 0 28,588
    BANKCARD FEES 11,651 0 0 11,651
    GROUNDS EXPENSE 9,108 0 0 9,108
    TRANSPORTATION 42,219 0 0 42,219
    SUPPLIES 7,394 0 0 7,394
    SPECIAL EVENTS 2,235 0 0 2,235
    MUSEUM EXPENSE 15,782 0 0 15,782
    DUES & SUBSCRIPTIONS 8,223 0 0 8,223
    SECURITY 9,382 0 0 9,382
    UNIFORM RENTAL 2,574 0 0 2,574
    MISCELLANEOUS 15,813 0 0 15,813
    REPAIRS & MAINTENANCE 71,931 0 0 71,931
    STABLE 17,514 0 0 17,514
    OFFICE 10,294 0 0 10,294
    INSURANCE 62,783 0 0 62,783
    FUNDRAISING DIRECT EXPENSE 200 0 0 200
    GROUNDS MAINTENANCE 1,074 1,074   0
    STABLE EXPENSES 1,950 1,950   0
    OUTSIDE SERVICES & CONSULTING 29,347 29,347   0
    PLANTATION SECURITY 1,106 1,106   0
    INSURANCE 7,865 7,865   0
    SUPPLIES 872 872   0
    GROUNDS MAINTENANCE 349 349   0
    OUTSIDE SERVICES & CONSULTING 3,815 3,815   0
    PLANTATION SECURITY 359 359   0
    INSURANCE 5,112 5,112   0
    SUPPLIES 283 283   0
    REPAIRS & MAINTENANCE 5,205 5,205   0
    REPAIRS & MAINTENANCE 2,787 2,787   0
    GROUNDS MAINTENANCE 187 187   0
    OUTSIDE SERVICES & CONSULTING 2,043 2,043   0
    PLANTATION SECURITY 193 193   0
    INSURANCE 2,737 2,737   0
    SUPPLIES 152 152   0
    TIMBER AND LAND MANAGEMENT 32,164 32,164   0


    TY 2014 OtherIncomeSchedule2
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ADMISSIONS 93,493   93,493
    TIMBER SALVAGE 107,525   107,525
    CONCESSIONS 10   10
    MISCELLANEOUS 16,072   16,072


    TY 2014 OtherLiabilitiesSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Description Beginning of Year - Book Value End of Year - Book Value
    SALES & PAYROLL TAX 3,099 4,365
    ACCRUED RETIREMENT CONTRIBUTION & DEFERRED COMPENSATION 222,135 220,165
    FACILITY DEPOSITS/DEFERRED REVENUE 143,824 143,708
    ACCRUED PAYROLL 18,390 13,358


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 129,742 129,742 0 0


    TY 2014 TaxesSchedule
    Name:
    PEBBLE HILL FOUNDATION INC
    EIN: 34-6525857
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 47,891 0 0 47,891
    PAYROLL TAXES 46,439 0 0 46,439
    EXCISE TAX 5,841 0 0 0
    PROPERTY AND VEHICLE TAX 5,647 5,647   0
    PAYROLL TAX 5,309 5,309   0
    PROPERTY AND VEHICLE TAX 1,835 1,835   0
    PAYROLL TAX 802 802   0
    PROPERTY AND VEHICLE TAX 983 983   0
    PAYROLL TAX 429 429   0