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 01-01-2015 , and ending 12-31-2015
Name of foundation
LAURA C HIGDON CHARITABLE FOUND
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 469
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BREWTON, AL36427
A Employer identification number

63-6197968
B Telephone number (see instructions)

(251) 867-3231
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$1,954,759J 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 12,753 7,077 12,753
4 Dividends and interest from securities... 34,383 34,383 34,383
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 78,088
b Gross sales price for all assets on line 6a 528,566
7 Capital gain net income (from Part IV, line 2)... 78,088
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 41,891 40,641 41,891
12 Total. Add lines 1 through 11........ 167,115 160,189 89,027
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,985      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,850 568    
c Other professional fees (attach schedule).... Click to see attachment 11,488 8,988    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,069      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 38,392 9,556   0
25 Contributions, gifts, grants paid....... 68,022 68,022
26 Total expenses and disbursements. Add lines 24 and 25 106,414 9,556   68,022
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 60,701
b Net investment income (if negative, enter -0-) 150,633
c Adjusted net income (if negative, enter -0-)... 89,027
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......... 71,238 119,347 119,347
3 Accounts receivable bullet723
Less: allowance for doubtful accounts bullet   100 723  
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 330,000 Click to see attachment409,643 410,265
b Investments—corporate stock (attach schedule)....... 50,000 Click to see attachment192,791 195,135
c Investments—corporate bonds (attach schedule)....... 126,056 Click to see attachment101,155 102,328
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,108,829 Click to see attachment923,119 1,127,684
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,686,226 1,746,778 1,954,759
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue................. 149  
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)......... 149 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,686,077 1,746,778
30 Total net assets or fund balances (see instructions)..... 1,686,077 1,746,778
31 Total liabilities and net assets/fund balances (see instructions). 1,686,226 1,746,778
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
1,686,077
2
Enter amount from Part I, line 27a .....................
2
60,701
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,746,778
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,746,778
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 AMERICAN NEW PERSPECTIVE FDSCH P 1998-06-17 2015-07-15
b FEDERAL FARM CREDIT BANK-SCH P 2014-07-15 2015-07-23
c GENERAL ELECTRIC CAP CORP-SCH P 2012-01-25 2015-08-03
d FEDERAL FARM CREDIT BANK-SCH P 2015-07-16 2015-10-20
e WASHINGTON MUTUAL INVESTORS-SCH P 1997-06-19 2015-12-10
WASHINGTON MUTUAL INVESTORS-SCH P 1998-03-19 2015-12-10
WASHINGTON MUTUAL INVESTORS-SCH P 1998-03-23 2015-12-10
226 INC FD OF AMERICA-CHILD P 1998-03-19 2015-05-20
(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 15,000   8,559 6,441
b 120,000   120,000  
c 50,000   50,000  
d 120,000   120,000  
e 98,130   70,742 27,388
89,188   75,000 14,188
2,683   1,891 792
5,000   4,286 714
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       6,441
b        
c        
d        
e       27,388
      14,188
      792
      714
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 78,088
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 73,833 1,937,591 0.038106
2013 86,888 1,807,473 0.048072
2012 69,601 1,639,931 0.042441
2011 70,033 1,588,319 0.044093
2010 85,756 1,575,909 0.054417
2
Total of line 1, column (d) .....................
20.227129
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
0.045426
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,948,605
5
Multiply line 4 by line 3......................
5
88,517
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,506
7
Add lines 5 and 6........................
7
90,023
8
Enter qualifying distributions from Part XII, line 4.............
8
68,022
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 3,013
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,013
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,013
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3,742
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 3,742
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 729
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet729 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletNA
    14
    The books are in care ofbulletTRUSTMARK NATIONAL BANK Telephone no.bullet (251) 867-3231

    Located atbulletP O BOX 469BREWTONAL ZIP+4bullet36427
    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
     
     
    ........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
     
     
    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
    TRUSTMARK NATIONAL BANK-SCHOLARSHIP
    TRUSTMARK NATIONAL BANK     		TRUSTEE
    6.00     		9,190 0 0
    P O BOX 469
    BREWTON,AL36427
    RAYMOND LYNN ADVISORY BOA
    3.00     		3,000 0 0
    P O BOX 469
    BREWTON,AL36427
    JIMMY CROOK ADVISORY BOA
    3.00     		3,000 0 0
    P O DRAWER 920
    ATMORE,AL36504
    TRUSTMARK NATIONAL BANK-CHILDREN TRUSTEE
    3.00     		1,795 0 0
    P O BOX 469
    BREWTON,AL36427
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    1,882,987
    b
    Average of monthly cash balances.......................
    1b
    95,292
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,978,279
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,978,279
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    29,674
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,948,605
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    97,430
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    97,430
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,013
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,013
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    94,417
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    94,417
    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
    94,417
    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
    68,022
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    68,022
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    68,022
    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 94,417
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 16,861
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 68,022
    a Applied to 2014, but not more than line 2a 16,861
    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 2015 distributable amount..... 51,161
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		43,256
    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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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).)
    NA
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    TRUSTMARK NATIONAL BANK
    P O BOX 469
    BREWTON,AL36427
    (251) 867-3231
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    SET ANNUALLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ESCAMBIA COUNTY, AL; SANTA ROSA COUNTY, FLORIDA
    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
    ABBIGAIL ROBERTS
    111 WHITNEY LANE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    ABIGAIL CARLSON
    202 N PINE ST
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    ABIGAIL MARIE AKINS
    739 SMITHFIELD RD
    ATMORE,AL36502     		NONE   SCHOLARSHIP 1,000
    AIMEE JURJEVICH
    505 1ST AVE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    ALANNA WARD
    1504 MCMILLAN AVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    ALEXANDRIA ADAMS
    226 DEREK LANE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    AMBER NELSON
    139 HOMESTEAD LANE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    AMBER TERRY
    118 BROOKS BLVD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    ANDREA BELL
    1135 HIGHWAY 113
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    ANNA GRACE GLAIZE
    1501 ESCAMBIA AVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    ANNA MARIE POOL
    5464 LILAC AVE
    MILTON,FL32570     		NONE   SCHOLARSHIP 1,000
    ANNA SASSER
    234 N 21ST AVE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    ANNAH BROOK NICHOLS
    304 S CARNEY ST
    ATMORE,AL36502     		NONE   SCHOLARSHIP 500
    BAILEY STONE
    304 BRIARWOOD DR
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    BAYLIE GODWIN
    200 PINE HILL DRVE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    BIANCA JACKSON
    280 CROSSLEY LANE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    BLAKE QUIMBY
    1011 FOREST HILL DRIVE
    ATMORE,AL36502     		NONE   SCHOLARSHIP 500
    BRADLEY WEBB
    6545 LONGVIEW ST
    NAVARRE,FL32566     		NONE   SCHOLARSHIP 500
    BRENNA KELLY
    1424 DAILY STREET
    BREWTON,AL36426     		NONE   SCHLORASHIP 1,000
    CADE KAUNITZ
    5207 AVENIDA DEF FUEGO
    MILTON,FL32571     		    SCHOLARSHIP 500
    CAITLYN BRULEY
    405 WOODLAWN AVE
    ATMORE,AL36502     		NONE   SCHOLARSHIP 1,000
    CASEY LODGE
    405 COOK LANE
    BREWTON,AL36426     		    SCHOLARSHIP 500
    CASSIDY LANIER
    PO BOX 535
    BREWTON,AL36427     		    SCHOLARSHIP 500
    CHELSEA LANE
    105 THOMPSON ST
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    CHELSEA TURNER
    1994 OLD BRATT RD
    ATMORE,AL36502     		    SCHOLARSHIP 500
    CHRISTIAN CARLSON
    202 N PINE ST
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    CHRISTIN SIMPKINS
    21 OLD SHIP CIRCLE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    CLAIRE DAWE
    680 WHIPPORWILL LANE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    CORTNEY C STOTTS
    8350 PLEASANT HOME CHURCH
    HOLT,FL32564     		NONE   SCHOLARSHIP 500
    CRYSTAL BOUTWELL
    2797 PINEVIEW DRIVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    DESTAN LANE TAYLOR
    521 HALL CREEK RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    DILLAN K SIMMONS
    203 1/2 SIMMONS STREET
    EAST BREWTON,AL36426     		    SCHOLARSHIP 500
    DUNCAN BRITTAIN
    3552 OLD CASTLEBERRY RD
    BREWTON,AL36426     		    SCHOLARSHIP 1,000
    ELIZABETH ALTHAUSER
    405 JUNIPER CREEK DRIVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    ELIZABETH NICOLE SIMPSON
    409 OLD FANNIE RD
    FLOMATON,AL36641     		NONE   SCHOLARSHIP 1,000
    ESTHER BURDICK
    7777 NEEDLERUSH DRIVE
    MILTON,FL32583     		    SCHOLARSHIP 500
    GARRETT KIRK
    11880 HIGHWAY 31
    ATMORE,AL36502     		    SCHOLARSHIP 500
    GRACEE DIXON
    2534 TRAVIS RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    GRAYSON EMMONS
    145 HATFIELD LANE
    ATMORE,AL36502     		NONE   SCHOLARSHIP 1,000
    HALEY BAGGETT
    105 TERRY DRIVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    HANNAH TATOM
    8520 GULF BLVD UNIT 23
    NAVARRE,FL32566     		    SCHOLARSHIP 500
    HUNTER WINGATE
    4309 WOODVILLE RD
    MILTON,FL32583     		NONE   SCHOLARSHIP 1,000
    JACQUELINE O SINGLETON
    206 MIZE RD
    FLOMATON,AL36441     		NONE   SCHOLARSHIP 500
    JADEN CHANDLER
    152 BELLE MEADE DRIVE
    BREWTON,AL36426     		    SCHOLARSHIP 500
    JAMES A DEAN
    224 COWPEN CREEK ROAD
    ATMORE,AL36502     		NONE   SCHOLARSHIP 1,000
    JAMES CROCKETT DAILEY
    4707 UPPER CREEK RD
    FLOMATON,AL36441     		NONE   SCHOLARSHIP 500
    JAMES VAUGHN
    600 TAYLOR CIRCLE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    JAZMINE N ADAMS
    2194 FREEMANVILLE DRIVE
    ATMORE,AL36502     		NONE   SCHOLARSHIP 1,000
    JESSICA ALLAN
    118 FAIRWAY DR
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    JESSICA MACKS
    4811 UPPER CREEK RD
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    JESSIE PARKER
    156 FANNIE ROAD
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    JOHN WEST
    404 RIDDLE RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    JONES MANNING
    607 EDGEWOOD DRIVE
    BREWTON,AL36426     		    SCHOLARSHIP 500
    JOSH KENDALL
    357 MANCIL ROCK RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    KARA BRADLEY
    900 LOVELACE AVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    KATE A SMITH
    1076 OLD SARDINE RD
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    KATELIN NELSON
    139 HOMESTEAD LANE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    KAYLA JORDAN HOOMES
    2950 HIGHWAY 29
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    KELSEY BROWN
    375 HILLCREST RD APTA119
    MOBILE,AL36608     		NONE   SCHOLARSHIP 1,000
    KELSEY THOMPSON
    255 MADDEN SMITH LOOP
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    KELSIE JOHNSON
    88 TOM SHIVERS RD
    FLOMATON,AL36441     		NONE   SCHOLARSHIP 500
    KIEON SMITH
    123 LILES BLVD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    KIJANA MITCHELL
    3434 MCGOUGIN RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    KIMBERLY WALDROP
    1628 RINGOLD ST
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    KRISTIE HENDERSON
    1075 KNOWLES RD
    FLOMATON,AL36441     		NONE   SCHOLARSHIP 500
    KRISTIN FILLMORE
    4799 HIGHWAY 113
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    KYLE DAVIS
    257 JAYS LANE
    BREWTON,AL36426     		    SCHOLARSHIP 500
    LATEYSIA MONTGOMERY
    181 OAK RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    LAUREN BARDLEY
    600 GARRETT ST
    BREWTON,AL36426     		    SCHOLARSHIP 500
    LAUREN COOK
    1004 BELLEVILLE AVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    LAUREN WARD
    51 HOMESTEAD LANE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    LEAH BRUNDIDGE
    1800 SOWELL RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    MAKENZIE BRAY
    5041 VINSON LANE
    JAY,FL32565     		    SCHOLARSHIP 500
    MARGARET C THOMAS
    PO BOX 597
    FLOMATON,AL36441     		    SCHOLARSHIP 1,000
    MASON DEAN
    224 COWPEN CREEK RD
    ATMORE,AL36502     		NONE   SCHOLARSHIP 500
    MCHENRY COLEMAN
    100 HARRISON AVE APT D6
    BREWTON,AL36426     		    SCHOLARSHIP 500
    MICA EMMONS
    4767 WILLIAMS ROAD
    PACE,FL32571     		NONE   SCHOLARSHIP 1,000
    MOLLY BARNETT
    400 BECK STREET
    ATMORE,AL36502     		NONE   SCHOLARSHIP 500
    MORGAN GERMAN
    5719 WHISPERING WOODS DR
    PACE,FL32571     		    SCHOLARSHIP 500
    MORGAN ROWELL
    3159 LOWERY LANDING RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    NICHOLAS KYLE MCLELLAN
    3134 MASON MILL POND
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    PAGE LANCASTER
    1702 WOODRIDGE DR
    ATMORE,AL36502     		NONE   SCHOLARSHIP 1,000
    PATRICK LOWERY
    3162 MASON MILL POND
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    ROBERT ARRANT
    1927 FORREST AVE
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    ROBERT STOKES
    121 ALEXANDER DR
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    RYAN MARIE MCGRAW
    6521 APPLETON RD
    BREWTON,AL36426     		    SCHOLARSHIP 500
    SHANIAH RENEE HIBBS
    4701 KITTY HAWK CIRCLE
    GULF BREEZE,FL32561     		NONE   SCHOLARSHIP 500
    SHELBY MCCORY
    3250 OIL WELL RD
    FLOMATON,AL36441     		NONE   SCHOLARSHIP 500
    STEPHEN YUHASZ
    108 LAMKIN RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    SUMMER JOYNER
    4680 DOBSON ROAD
    JAY,FL32565     		    SCHOLARSHIP 500
    TRINITY LORIMER
    5764 ADMIRALS RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    TRIPP VICKERY
    PO BOX 791
    FLOMATON,AL36441     		    SCHOLARSHIP 500
    TYLER REID
    206 OAK RIDGE CT
    BREWTON,AL36426     		    SCHOLARSHIP 1,000
    VICTORIA PRICE
    2940 DUKE DR
    GULF BREEZE,FL32563     		NONE   SCHOLARSHIP 1,000
    VICTORIA RAUGHT
    5421 SPRING STREET
    JAY,FL32565     		    SCHOLARSHIP 500
    WESLEY MADDOX
    230 HORSESHOE RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    WHITNEY ARRINGTON
    PO BOX 184
    FLOMATON,AL36441     		NONE   SCHOLARSHIP 1,000
    WILLIAM H WHITTLEII
    782 OLD CASTLEBERRY RD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 500
    WILLIAM N SMITH
    787 HOBBS CIRCLE
    ATMORE,AL36502     		    SCHOLARSHIP 500
    ZACHARY JAMES WHITWORTH
    228 LONG BLVD
    BREWTON,AL36426     		NONE   SCHOLARSHIP 1,000
    FLORIDA BAPTIST CHILDREN HOME
    P O BOX 8190
    LAKELAND,FL33802     		NONE   RELIGON 9
    MT CARMEL UNITED METHODIST CHURCH
    P O BOX 127
    JAY,FL32565     		NONE   RELIGON 4
    UNITED METHODIST CHILDREN'S HOME
    3140 ZELDA COURT
    MONTGOMERY,AL36106     		NONE   RELIGON 9
    Total .................................bullet 3a 68,022
    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 ...........     		    14 12,753  
    4 Dividends and interest from securities....     14 34,383  
    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 ............     		    14 76,582 1,506
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aGROSS ROYALTIES     		    15 29,972  
    bSEVERANCE TAX     15    
    cOTHER         1,250
    dTRUSTMARK NATIONAL BANK     15 10,669  
    e
    12 Subtotal. Add columns (b), (d), and (e)..   164,359 2,756
    13Total. Add line 12, columns (b), (d), and (e)..................
    13167,115
    (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:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES-CH 5,515      
    TAX SERVICE-SCH 1,135 468    
    TRUSTMARK NATL'L BANK 100 50    
    TRUSTMARK NAT'L BANK 100 50    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN CHASE & CO-SCH 24,753 25,011
    GENERAL ELEC CAP CORP    
    AFLAC INC 51,168 51,763
    FEDERATED TOTAL RETURN BD FD 25,234 25,554

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY CAPITAL TRUST 50,000 50,740
    AFLAC INC. 15,137 14,975
    CISCO SYSTEMS INC 13,109 13,578
    COGNIZANT TECH SOLUTION 17,475 18,006
    WALT DISNEY CO 21,597 21,016
    PAYPAL 14,011 14,480
    PEPSICO INC 19,556 19,984
    UNITED PARCEL SERVICE 19,496 19,246
    VERIZON COMMUNICATIONS 22,410 23,110

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    US Government Securities - End of Year Book Value:

    50,000
    US Government Securities - End of Year Fair Market Value:

    50,111
    State & Local Government Securities - End of Year Book Value:


    359,643
    State & Local Government Securities - End of Year Fair Market Value:


    360,154


    TY 2015 InvestmentsOtherSchedule2
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN NEW PERSPECTIVE-SCH AT COST 133,603 198,929
    BOND FD OF AMERICA-CH AT COST 63,127 56,420
    CAPITAL INCOME BUILDER-SCH AT COST 237,172 280,333
    CAPITAL INC BUILDER-CH AT COST 155,773 188,487
    EUROPACIFIC GROWTH FUND-SCH AT COST    
    FEDERATED TOTAL RETURN BOND FUND 32 AT COST    
    GROWTH FUND OF AMERICA-SCH AT COST 100,000 127,842
    INCOME FUND OF AMERICA-SCH AT COST 105,967 121,236
    INCOME FD OF AMERICA-CH AT COST 57,349 62,763
    WASHINGTON MUTUAL-SCH AT COST 70,128 91,674

    TY 2015 OtherAssetsSchedule
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ROYALTY INTEREST 44,379 44,376 44,376
    ACCUMULATED DEPLETION(15%) -44,376 -44,376 -44,376


    TY 2015 OtherIncomeSchedule2
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GROSS ROYALTIES 29,972 29,972 29,972
    OTHER 1,250   1,250
    TRUSTMARK NATIONAL BANK 10,669 10,669 10,669


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES-SCH 7,519 7,519    
    CHRISTY BLACK 2,500      
    MANAGEMENT FEES-CH 1,469 1,469    


    TY 2015 TaxesSchedule
    Name:
    LAURA C HIGDON CHARITABLE FOUND
    EIN:
    63-6197968
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAX-SCH 13      
    DEPARTMENT OF TREASURY-C 124      
    DEPARTMENT OF TREASURY-SCH 2,758      
    FOREIGN TAX-SCHOLARSHIO 174