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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 04-01-2015 , and ending 03-31-2016
Name of foundation
TERRELL OTIS D & EMMA A ENDOWMENT 180730K
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

43-6273379
B Telephone number (see instructions)

(866) 949-4420
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$895,639J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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      
4 Dividends and interest from securities... 19,570 19,347  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 32,425
b Gross sales price for all assets on line 6a 1,302,489
7 Capital gain net income (from Part IV, line 2)... 32,425
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,085    
12 Total. Add lines 1 through 11........ 53,080 51,772  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,830 1,647   183
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 3,000 0 0 3,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 767 46   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,597 1,693 0 3,183
25 Contributions, gifts, grants paid....... 25,672 25,672
26 Total expenses and disbursements. Add lines 24 and 25 31,269 1,693 0 28,855
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 21,811
b Net investment income (if negative, enter -0-) 50,079
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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......... 15,076 10,641 10,641
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 688,724 Click to see attachment698,715 697,380
c Investments—corporate bonds (attach schedule)....... 168,542 Click to see attachment187,854 187,618
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,441    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 873,783 897,210 895,639
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 873,783 897,210
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)..... 873,783 897,210
31 Total liabilities and net assets/fund balances (see instructions). 873,783 897,210
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
873,783
2
Enter amount from Part I, line 27a .....................
2
21,811
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,057
4
Add lines 1, 2, and 3 ..........................
4
898,651
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,441
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
897,210
Form 990-PF (2015)
Form 990-PF (2015)
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 4359.987 ABERDEEN FDS EMRGN     2015-04-08
b 4141.419 CAUSEWAY EMERGING MARKETS INSTL   2015-01-08 2015-04-08
c 2963.745 CREDIT SUISSE COMM RET ST CO   2014-12-23 2015-04-08
d 1413.439 NEUBERGER BERMAN LONG SH INS     2015-04-08
e 1027.85 NEUBERGER BERMAN LONG SH INS     2015-04-08
1899.772 NUVEEN HIGH INCOME BOND FD CL I     2015-04-08
895.398 NUVEEN REAL ESTATE SECS I     2015-04-08
1271.57 NUVEEN REAL ESTATE SECS I     2015-04-08
2114.489 ROBECO BOSTON PARTNERS L S RSRCH     2015-04-08
699.679 SALIENT MLP ENERGY INFRASTRUCTURE I   2014-12-23 2015-04-08
4950.635 TCW EMERGING MARKETS INCOME FUND     2015-04-08
2166.859 TCW EMERGING MARKETS INCOME FUND   2014-03-05 2015-04-08
4844.331 VOYA INTERNATIONAL REAL ESTATE I   2014-10-24 2015-04-08
7517.941 FEDERATED INST HI YLD BD FD   2015-01-08 2015-04-10
30. EXXON MOBIL CORP   2015-04-09 2015-05-06
806.858 FIDELITY INVT TR AD INTL DISCI   2015-01-08 2015-05-06
1921.359 NUVEEN DIVIDEND VALUE FUND CLASS I   2009-05-11 2015-05-06
100. PNC FINL SVCS GROUP INC COM   2015-04-09 2015-05-06
1760.258 CONGRESS MID CAP GROWTH INS   2015-01-08 2015-05-06
498.437 RIVERPARK WEDGEWOOD FUND   2015-01-08 2015-05-06
2949.812 RIVERPARK WEDGEWOOD FUND     2015-05-06
4628.879 T ROWE PRICE INTL GRINC FD   2015-01-08 2015-05-06
286.874 T ROWE PRICE SMALL CAP STOCK FD 65   2015-01-08 2015-05-06
897.046 T ROWE PRICE MID CAP VALUE FD INC     2015-05-06
767.628 MORGAN DEMPSEY SMALL MICRO CAP VALUE     2015-05-06
48.327 VANGUARD 500 IND   2015-01-08 2015-05-06
265.561 VANGUARD 500 IND     2015-05-06
575.333 FIDELITY INVT TR AD INTL DISCI   2015-01-08 2015-06-01
2574.624 NUVEEN DIVIDEND VALUE FUND CLASS I   2015-01-08 2015-06-01
183.016 NUVEEN DIVIDEND VALUE FUND CLASS I   2009-05-11 2015-06-01
967.578 NUVEEN LARGE CAP GRWTH OPP CL I   2009-05-11 2015-06-01
100. AMERICAN TOWER CORP   2015-04-09 2015-06-02
35. APPLE COMPUTER INC COM   2015-05-06 2015-06-02
100. ARCHER DANIELS MIDLAND CO COM   2015-04-09 2015-06-02
3.00011 CHIPOTLE MEXICAN GRILL CL A   2015-04-09 2015-06-02
1.99989 CHIPOTLE MEXICAN GRILL CL A   2015-04-09 2015-06-02
85. CLOROX CO COM   2015-04-09 2015-06-02
24.99897 SANDISK CORP   2015-04-09 2015-06-02
35.00103 SANDISK CORP   2015-04-09 2015-06-02
60. J M SMUCKER CO THE NEW COM WI   2015-04-09 2015-06-02
35. FOSSIL GROUP INC   2015-04-09 2015-07-14
285. ARCHER DANIELS MIDLAND CO COM     2015-07-23
27. BIOGEN, INC     2015-07-23
70. BOSTON PPTYS INC   2015-04-09 2015-07-23
900. CORNING INC COM     2015-07-23
25. WALT DISNEY COMPANY   2015-04-09 2015-07-23
425. EXELON CORP COM     2015-07-23
315. HALLIBURTON CO COM     2015-07-23
145. HASBRO INC     2015-07-23
435. INTEL CORP     2015-07-23
365. MERCK AND CO INC     2015-07-23
95. J M SMUCKER CO THE NEW COM WI     2015-07-23
25. ABBOTT LABORATORIES   2015-04-09 2015-09-04
125. CISCO SYS INC   2015-07-23 2015-09-04
235. DOVER CORP     2015-09-04
130. FOSSIL GROUP INC     2015-09-04
35. MICROSOFT CORP   2015-04-09 2015-09-04
170. NATIONAL-OILWELL INC COM   2015-04-09 2015-09-04
130. SPECTRA ENERGY CORP   2015-04-09 2015-09-04
25. ACE LTD   2015-04-09 2015-09-04
25. AMERICAN EXPRESS CO   2015-05-06 2015-10-27
30. DR PEPPER SNAPPLE GROUP   2015-06-02 2015-10-27
295. EMERSON ELEC CO COM     2015-10-27
230. MACYS INC     2015-10-27
80. MICROSOFT CORP   2015-04-09 2015-10-27
60. QUALCOMM INC COM   2015-04-09 2015-10-27
145. SANDISK CORP     2015-10-27
20. ACCENTURE PLC CL A   2015-06-02 2015-10-27
10. ACE LTD   2015-04-09 2015-10-27
200. AMERICAN EXPRESS CO     2016-02-03
50. GENERAL ELEC CO   2015-09-04 2016-02-03
255. HELMERICH PAYNE INC   2015-07-23 2016-02-03
50. JACK HENRY ASSOCIATES INC   2015-06-02 2016-02-03
50. JOHNSON & JOHNSON   2015-04-09 2016-02-03
655. PILGRIMS PRIDE CORP     2016-02-03
90. SANDISK CORP     2016-02-03
50. VERIZON COMMUNICATIONS   2015-04-09 2016-02-03
115. WAL MART STORES INC COM   2015-06-02 2016-02-03
40. MEDTRONIC PLC   2015-04-09 2016-02-03
15. APPLE COMPUTER INC COM   2015-05-06 2016-03-16
55. CISCO SYS INC   2015-07-23 2016-03-16
125. CUMMINS INC     2016-03-16
70. FIFTH THIRD BANKCORP   2015-06-02 2016-03-16
90. GENERAL ELEC CO   2015-09-04 2016-03-16
55. LEGGETT PLATT INC   2015-06-02 2016-03-16
110. MAGNA INTL INC CL A   2015-07-23 2016-03-16
55. QUALCOMM INC COM   2015-04-09 2016-03-16
20. 3M CO   2015-06-02 2016-03-16
160. CHUBB LTD     2016-03-16
20. LYONDELLBASELL INDUSTRIES CL A   2015-04-09 2016-03-16
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 63,263   63,010 253
b 52,140   48,579 3,561
c 16,923   18,346 -1,423
d 18,714   18,217 497
e 13,609   12,865 744
15,996   17,223 -1,227
22,385   22,563 -178
31,789   24,436 7,353
32,605   31,450 1,155
9,362   9,101 261
39,803   40,450 -647
17,422   18,274 -852
46,263   44,221 2,042
75,781   74,202 1,579
2,670   2,518 152
33,186   30,217 2,969
31,952   18,541 13,411
9,311   9,289 22
26,474   25,647 827
9,356   9,196 160
55,368   51,895 3,473
69,155   62,860 6,295
12,769   12,637 132
26,768   26,906 -138
9,588   10,700 -1,112
9,285   9,196 89
51,020   45,180 5,840
24,083   21,546 2,537
43,279   42,713 566
3,077   1,766 1,311
38,103   21,335 16,768
9,413   9,573 -160
4,553   4,386 167
5,270   4,784 486
1,845   1,956 -111
1,230   1,304 -74
9,113   9,364 -251
1,686   1,767 -81
2,360   2,474 -114
7,064   6,936 128
2,485   2,970 -485
13,745   13,990 -245
10,658   10,977 -319
8,706   9,646 -940
17,055   19,397 -2,342
2,983   2,664 319
13,621   14,163 -542
13,290   14,559 -1,269
11,550   10,268 1,282
12,515   14,148 -1,633
21,203   21,575 -372
10,233   11,008 -775
1,073   1,166 -93
3,175   3,481 -306
13,767   17,010 -3,243
7,771   10,684 -2,913
1,485   1,453 32
6,860   9,154 -2,294
3,609   4,780 -1,171
2,498   2,780 -282
1,848   1,957 -109
2,707   2,276 431
13,821   16,857 -3,036
11,187   15,391 -4,204
4,315   3,320 995
3,544   4,129 -585
11,145   9,714 1,431
2,157   1,924 233
1,142   1,112 30
10,818   15,752 -4,934
1,428   1,200 228
12,554   15,281 -2,727
3,992   3,245 747
5,194   5,048 146
14,380   14,533 -153
6,262   5,619 643
2,518   2,443 75
7,621   8,586 -965
3,038   3,053 -15
1,577   1,880 -303
1,520   1,532 -12
13,128   17,162 -4,034
1,193   1,419 -226
2,704   2,160 544
2,549   2,603 -54
4,588   5,992 -1,404
2,800   3,785 -985
3,236   3,185 51
19,068   17,347 1,721
1,683   1,841 -158
      47
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       253
b       3,561
c       -1,423
d       497
e       744
      -1,227
      -178
      7,353
      1,155
      261
      -647
      -852
      2,042
      1,579
      152
      2,969
      13,411
      22
      827
      160
      3,473
      6,295
      132
      -138
      -1,112
      89
      5,840
      2,537
      566
      1,311
      16,768
      -160
      167
      486
      -111
      -74
      -251
      -81
      -114
      128
      -485
      -245
      -319
      -940
      -2,342
      319
      -542
      -1,269
      1,282
      -1,633
      -372
      -775
      -93
      -306
      -3,243
      -2,913
      32
      -2,294
      -1,171
      -282
      -109
      431
      -3,036
      -4,204
      995
      -585
      1,431
      233
      30
      -4,934
      228
      -2,727
      747
      146
      -153
      643
      75
      -965
      -15
      -303
      -12
      -4,034
      -226
      544
      -54
      -1,404
      -985
      51
      1,721
      -158
       
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 32,425
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))
2014 32,794 931,053 0.035222
2013 39,381 910,103 0.043271
2012 62,117 882,968 0.07035
2011 47,315 883,313 0.053565
2010 42,947 859,753 0.049953
2
Total of line 1, column (d) .....................
20.252361
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
0.050472
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
886,378
5
Multiply line 4 by line 3......................
5
44,737
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
501
7
Add lines 5 and 6........................
7
45,238
8
Enter qualifying distributions from Part XII, line 4.............
8
28,855
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,002
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 1,002
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 1,002
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,443
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,443
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 441
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet441 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMO
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 ofbulletUS BANK NA Telephone no.bullet (866) 949-4420

    Located atbullet200 SOUTH SIXTH STMINNEAPOLISMN ZIP+4bullet55402
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    US BANK NA TRUSTEE
    1     		1,830    
    200 SOUTH SIXTH ST
    MINNEAPOLIS,MN55402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    879,520
    b
    Average of monthly cash balances.......................
    1b
    20,356
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    899,876
    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
    899,876
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    13,498
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    886,378
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    44,319
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    44,319
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,002
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,002
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    43,317
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    43,317
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    43,317
    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
    28,855
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    28,855
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    28,855
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 43,317
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 8,085
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 8,085
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 28,855
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 28,855
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 8,085 8,085
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		6,377
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    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 (2015)
    Form 990-PF (2015)
    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
    MASONIC HOME FOR CHILDREN AT OXFORD
    600 COLLEGE ST
    OXFORD,NC275652717     		NONE PC GENERAL OPERATING 25,672
    Total .................................bullet 3a 25,672
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 19,570  
    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 32,425  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 1,085  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   53,080  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1353,080
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 3,000     3,000

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BOND FD CL    
    TCW EMERGING MARKETS INCOME FD    
    CREDIT SUISSE COMM RET ST CO    
    FEDERATED INST HI YLD BD FD    
    AMER HONDA FIN MTN 2.125% 10 25,552 25,450
    BNP PARIBAS MTN 2.375% 9 25,599 25,308
    GOLDMAN SACHS MTN 3.000% 5 25,403 25,061
    INTEL CORP 1.350% 12 20,145 20,162
    JPMORGAN CHASE CO 2.250% 1 20,059 20,158
    ORACLE CORP 2.250% 10 20,519 20,633
    PACCAR FINANCIA MTN 1.400% 11 25,136 25,094
    UNILEVER CAPITAL 2.200% 3 25,441 25,752

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NUVEEN LARGE CAP GROWTH OPP    
    NUVEEN REAL ESTATE SECURIT    
    ABERDEEN FDS EMRGN MKT INSTL    
    NUVEEN DIVIDEND VALUE FUND    
    MORGAN DEMPSEY SMALL MICRO CAP    
    NEUBERGER LONG SH INS    
    RIVERPARK WEDGEWOOD FUND    
    T ROWE PRICE MID CAP VALUE FD    
    VANGUARD 500 INDX FD    
    CAUSEWAY EMERGING MARKETS INST    
    CONGRESS MID CAP GROWTH INS    
    FIDELITY INVT TR AD INTL DISCI    
    ROBECO BOSTON PTNERS LS RSRCH    
    SALIENT MLP ENERGY INFRASTRUCT    
    T ROWE PRICE INTL GR&INC FD    
    T ROWE PRICE SC STOCK    
    VOYA INTERNATIONAL REAL ESTATE    
    3M CO 14,100 14,997
    ABBOTT LABORATORIES 22,811 20,706
    ACCENTURE PLC CL A 13,922 16,733
    AMERICAN TOWER CORP 9,710 10,237
    AMGEN INC 16,097 14,993
    AMPHENOL CORP CL A 16,815 16,768
    APPLE INC 24,386 22,343
    AUTOMATIC DATA PROCESSING 14,776 14,802
    BERKSHIRE HATHAWAY INC CL B 25,210 24,829
    BOEING CO 12,769 12,059
    CARDINAL HEALTH INC 22,054 20,897
    CARTERS INC 10,010 12,119
    CATERPILLAR INC 17,510 18,370
    CHIPOTLE MEXICAN GRILL INC 11,143 8,477
    CISCO SYSTEMS INC 18,660 19,075
    CME GROUP INC 12,231 12,487
    CVS HEALTH CORPORATION 17,698 18,153
    DISNEY WALT CO 14,674 13,407
    DR PEPPER SNAPPLE GROUP 12,167 14,307
    EXXON MOBIL CORP 11,634 11,703
    FIFTH THIRD BANCORP 9,750 8,595
    FOOT LOCKER INC 9,901 9,030
    GENERAL DYNAMICS CORP 18,023 17,078
    GENERAL ELECTRIC CO 10,680 14,147
    J P MORGAN CHASE CO 18,687 17,766
    JACK HENRY ASSOCIATES INC 11,358 14,800
    JOHNSON JOHNSON 18,099 19,476
    LEGGETT PLATT INC 17,720 18,876
    LYONDELLBASELL INDUSTRIES CL A 16,086 14,977
    MAGNA INTL INC CL A 10,772 11,599
    MARATHON PETROLEUM CORP 18,348 16,359
    MEDTRONIC PLC 19,158 19,125
    MICROSOFT CORP 19,522 23,749
    NATIONAL OILWELL VARCO INC 17,508 12,285
    PROCTER & GAMBLE CO 12,156 12,347
    QUALCOMM INC 18,307 16,109
    SCHWAB CHARLES CORP 10,522 12,049
    SEMPRA ENERGY 10,236 10,925
    SPECTRA ENERGY CORP 23,844 22,032
    UNITED HEALTH GROUP INC 17,503 19,335
    VERIZON COMMUNICATIONS INC 13,598 14,872
    WAL MART STORES INC 17,648 17,807
    WELLS FARGO CO 20,665 18,619
    WYNDHAM WORLDWIDE CORP 20,247 17,961

    TY 2015 OtherAssetsSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 1,441 0 0


    TY 2015 OtherDecreasesSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Description Amount
    PY BALANCE SHEET ADJUSTMENT 1,441


    TY 2015 OtherIncomeSchedule2
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 1,085 0  


    TY 2015 OtherIncreasesSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Description Amount
    ROUNDING ADJUSTMENT 63
    PY SALES SETTLED IN CY 2,994


    TY 2015 TaxesSchedule
    Name:
    TERRELL OTIS D & EMMA A ENDOWMENT 180730K
    EIN:
    43-6273379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 46 46   0
    FEDERAL ESTIMATES - PRINCIPAL 721 0   0