Form990-PF
Click to see attachment

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 05-01-2015 , and ending 04-30-2016
Name of foundation
Beaver Family Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)2425 N Center Street 362
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Hickory, NC28601
A Employer identification number

56-2028723
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$13,701,374J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 327 327  
4 Dividends and interest from securities... 409,956 409,956  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 28,354
b Gross sales price for all assets on line 6a 1,894,867
7 Capital gain net income (from Part IV, line 2)... 28,354
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 438,637 438,637  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,750     8,750
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 60,497 20,497   40,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,332 9,332    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 43,970 940   43,030
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 127,549 30,769   91,780
25 Contributions, gifts, grants paid....... 589,211 589,211
26 Total expenses and disbursements. Add lines 24 and 25 716,760 30,769   680,991
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -278,123
b Net investment income (if negative, enter -0-) 407,868
c Adjusted net income (if negative, enter -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......... 405,407 128,222 128,222
3 Accounts receivable bullet3,609
Less: allowance for doubtful accounts bullet     3,609 3,609
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,334,460 Click to see attachment5,230,114 9,128,160
c Investments—corporate bonds (attach schedule)....... 3,161,414 Click to see attachment4,474,334 4,441,383
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,901,281 9,836,279 13,701,374
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 9,901,281 9,836,279
30 Total net assets or fund balances (see instructions)..... 9,901,281 9,836,279
31 Total liabilities and net assets/fund balances (see instructions). 9,901,281 9,836,279
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
9,901,281
2
Enter amount from Part I, line 27a .....................
2
-278,123
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
213,121
4
Add lines 1, 2, and 3 ..........................
4
9,836,279
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,836,279
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 Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,894,867   1,866,513 28,354
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       28,354
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 28,354
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 626,618 13,813,655 0.045362
2013 615,825 13,173,963 0.046746
2012 299,722 12,555,436 0.023872
2011 315,593 11,754,046 0.02685
2010 91,930 11,183,822 0.00822
2
Total of line 1, column (d) .....................
20.15105
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
0.03021
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
13,512,836
5
Multiply line 4 by line 3......................
5
408,223
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,079
7
Add lines 5 and 6........................
7
412,302
8
Enter qualifying distributions from Part XII, line 4.............
8
680,991
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 4,079
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 4,079
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 4,079
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 7,944
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 7,944
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,865
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,865 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)
    bulletNC
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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
    Donald C BeaverClick to see attachment Pres
    1.0     		2,500 0 0
    2425 N Center Street 362
    Hickory,NC28601
    Deborah B LooperClick to see attachment VP
    1.0     		3,750 0 0
    2425 N Center Street 362
    Hickory,NC28601
    Donna B MaloneClick to see attachment Treas
    1.0     		2,500 0 0
    2425 N Center Street 362
    Hickory,NC28601
    Angela B SimmonsClick to see attachment Sec
    1.0     		0 0 0
    2425 N Center Street 362
    Hickory,NC28601
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    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  
    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
    13,443,076
    b
    Average of monthly cash balances.......................
    1b
    275,539
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,718,615
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,718,615
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    205,779
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,512,836
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    675,642
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    675,642
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    4,079
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,079
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    671,563
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    671,563
    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
    671,563
    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
    680,991
    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
    680,991
    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
    4,079
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    676,912
    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 7 671,563
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 665,335
    b Total for prior years:2013, 2012, 2011  
    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$ 680,991
    a Applied to 2014, but not more than line 2a 665,335
    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..... 15,656
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		655,907
    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 ......     		0
    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.... 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).)
    Angela B Simmons
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    AIDS LEADERSHIP FOOTHILLS AREA ALLIANCE INC
    1120 FAIRGROVE CHURCH RD STE 28
    HICKORY,NC28602     		N/A PC General & Unrestricted 5,000
    AMERICAN RED CROSS - CATAWBA VALLEY CHAPTER
    PO BOX 1329
    HICKORY,NC28603     		N/A PC Disaster Relief Fund 15,000
    APPALACHIAN STATE UNIVERSITY FOUNDATION INC
    ASU BOX 32014
    BOONE,NC28608     		N/A PC General & Unrestricted 235,016
    APPALACHIAN STATE UNIVERSITY FOUNDATION INC
    ASU BOX 32014
    BOONE,NC28608     		N/A PC iBackAPP Campaign 1,000
    CATAWBA COUNTY HISPANIC MINISTRY
    306 14TH ST SW
    HICKORY,NC28602     		N/A PC General & Unrestricted 5,000
    CATAWBA COUNTY PARTNERSHIP FOR CHILDREN
    PO BOX 3123
    HICKORY,NC28603     		N/A PC Imagination Library Project 10,000
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC Backpack Program 2,500
    CATAWBA COUNTY SOCIAL SERVICES
    PO BOX 669
    NEWTON,NC28658     		N/A PC DSS Backpack Program 1,000
    CATAWBA COUNTY UNITED WAY INC
    PO BOX 2425
    HICKORY,NC28603     		N/A PC Teen Christmas Program 1,500
    CATAWBA MEDICAL FOUNDATION INC
    810 FAIRGROVE CHURCH RD
    HICKORY,NC28602     		N/A PC High Fidelity Birthing Mannequin 1,000
    CATAWBA SCIENCE CENTER INC
    243 3RD AVE NE
    HICKORY,NC28601     		N/A PC Portals To Science 6,000
    CHRIST SCHOOL INC
    500 CHRIST SCHOOL RD
    ARDEN,NC28704     		N/A PC Wellness Center 50,445
    CITY OF HICKORY
    P O BOX 398
    HICKORY,NC28603     		N/A PC City of Hickory Splash Pad Fund Project 5,000
    CITY OF HICKORY
    P O BOX 398
    HICKORY,NC28603     		N/A PC Unifour Senior Games 1,000
    CORNERSTONE COUNSELING CENTER
    439 1ST AVE NW
    HICKORY,NC28601     		N/A PC Charitable Event 500
    COUNCIL ON ADOLESCENTS OF CATAWBA COUNTY INC
    1120 FAIRGROVE CH RD
    HICKORY,NC28602     		N/A PC General & Unrestricted 10,000
    DIRECT RELIEF
    27 S LA PATERA LN
    SANTA BARBARA,CA93117     		N/A PC Ecuador Earthquake relief 10,000
    EASTERN CATAWBA COOPERATIVE CHRISTIAN MINISTRY INC
    PO BOX 31
    NEWTON,NC28658     		N/A PC Catawba Christmas Bureau 5,000
    EASTERN CATAWBA COOPERATIVE CHRISTIAN MINISTRY INC
    PO BOX 31
    NEWTON,NC28658     		N/A PC Emergency Crisis Assistance 15,000
    EXODUS OUTREACH FOUNDATION INC
    122 8TH AVE DR SW
    HICKORY,NC28602     		N/A PC Exodus Homes Plumbing and Electrical Renovation 5,000
    FAMILY CARE CENTER OF CATAWBA VALLEY INC
    2875 HIGHLAND AVE NE
    HICKORY,NC28601     		N/A PC General & Unrestricted 8,000
    FRYE REGIONAL MEDICAL CENTER AUXILIARY
    420 N CENTER ST STE 20
    HICKORY,NC28601     		N/A PC Phantom Ball 250
    GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY
    31 1ST AVE SE
    HICKORY,NC28602     		N/A PC Crisis Intervention 5,000
    GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY
    31 1ST AVE SE
    HICKORY,NC28602     		N/A PC NETworX Catawba 5,000
    HELPING HANDS CLINIC INC
    810 HARPER AVE NW
    LENOIR,NC28645     		N/A PC General & Unrestricted 2,000
    HICKORY COMMUNITY THEATRE INC
    30 3RD ST NW
    HICKORY,NC28601     		N/A PC Theatre by Me 2,500
    HICKORY MUSIC FACTORY INC
    PO BOX 2712
    HICKORY,NC28603     		N/A PC Music Therapy 2,500
    HICKORY POLICE DEPARTMENT
    PO BOX 398
    HICKORY,NC28603     		N/A PC Cops for Tots 2,000
    HICKORY SOUP KITCHEN INC
    PO BOX 1431
    HICKORY,NC28603     		N/A PC Because Hickory Cares 50,000
    HUMANE SOCIETY OF CATAWBA COUNTY
    PO BOX 63
    HICKORY,NC28603     		N/A PC Charitable Event 1,000
    JAMES C HARPER SCHOOL OF PERFORMING ARTS INC
    PO BOX 390
    LENOIR,NC28645     		N/A PC General & Unrestricted 1,000
    KC ROBOTICS TEAM
    PO BOX 421
    LUGOFF,SC29078     		N/A PC General & Unrestricted 1,000
    MARCH OF DIMES
    1220 COMMERCE ST STE G
    CONOVER,NC28613     		N/A PC General & Unrestricted 5,000
    NATIONAL FOUNDATION FOR TRANSPLANTS INC
    5350 POPLAR AVE STE 430
    MEMPHIS,TN38119     		N/A PC General & Unrestricted 1,000
    NEWTON-CONOVER HIGH SCHOOL
    338 W 15TH ST
    NEWTON,NC28658     		N/A PC Back to School Bash 500
    NORTH CAROLINA SCHOOL FOR THE DEAF AT MORGANTON FO
    PO BOX 1397
    MORGANTON,NC28680     		N/A PC Alder Springs Senior Deaf & Blind Community 5,000
    NORTH CAROLINA SPORTS HALL OF FAME INC
    PO BOX 31524
    RALEIGH,NC27622     		N/A PC General & Unrestricted 500
    OUTRIGHT YOUTH OF CATAWBA VALLEY INC
    PO BOX 2222
    HICKORY,NC28603     		N/A PC General & Unrestricted 5,000
    PATRICK BEAVER LEARNING RESOURCE CENTER INCORPORAT
    PO BOX 255
    HICKORY,NC28603     		N/A PC Orton-Gillingham Teacher Training 18,000
    REACH OUT AND READ INC
    89 S ST STE 201
    BOSTON,MA02111     		N/A PC Catawba County Reach Out and Read Literacy Intervention 3,000
    SAFE HARBOR RESCUE MISSION INC
    210 2ND ST SE
    HICKORY,NC28602     		N/A PC General & Unrestricted 2,000
    SAFE HARBOR RESCUE MISSION INC
    210 2ND ST SE
    HICKORY,NC28602     		N/A PC Space Solution 7,000
    SAVE THE CHILDREN FEDERATION INC
    501 KINGS HWY E STE 400
    FAIRFIELD,CT06825     		N/A PC Nepal Children's Relief Fund 25,000
    THE FIREFIGHTERS BURN CHILDREN FUND INC
    2466 GUMTREE RD
    WINSTONSALEM,NC27107     		N/A PC General & Unrestricted 1,000
    THE SALVATION ARMY-GREATER HICKORY CORPS
    PO BOX 1167
    HICKORY,NC28602     		N/A PC Boys & Girls Club Summer Program Project 15,000
    THE SALVATION ARMY-GREATER HICKORY CORPS
    PO BOX 1167
    HICKORY,NC28602     		N/A PC Play Ground and Activity/Picnic Shelter 5,000
    TRICHOTILLOMANIA LEARNING CENTER
    716 SOQUEL AVE STE A
    SANTA CRUZ,CA95062     		N/A PC General & Unrestricted 2,500
    UNIQUE WORLD GIFTS INC
    2751 N CENTER ST
    HICKORY,NC28601     		N/A PC General & Unrestricted 1,000
    UNITED ARTS COUNCIL OF CATAWBA COUNTY
    243 3RD AVE NE BOX 5
    HICKORY,NC28601     		N/A PC 2016 United Arts Fund Campaign 10,000
    UNIVERSITY CHRISTIAN HIGH SCHOOL
    602 7TH AVE NE
    HICKORY,NC28601     		N/A PC More Than Bricks Campaign 1,000
    WESTERN PIEDMONT SYMPHONY-THE UNIFOUR ORCHESTRA IN
    243 3RD AVE NE STE 1-N
    HICKORY,NC28601     		N/A PC Stronger: Follow Your Dreams and Shoot for the Stars 8,000
    WOMENS RESOURCE CENTER
    PO BOX 1608
    HICKORY,NC28603     		N/A PC General & Unrestricted 8,500
    Total .................................bullet 3a 589,211
    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 ...........     		    14 327  
    4 Dividends and interest from securities....     14 409,956  
    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 28,354  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   438,637  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13438,637
    (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 CompensationExplanation
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Person Name Explanation
    Angela B Simmons ABS LEGACY PARTNERS, A FIRM OWNED BY AN OFFICER OF THE BEAVER FAMILY FOUNDATION (THE "FOUNDATION'), WAS PAID $40,000 BY THE FOUNDATION TO PROVIDE MANAGEMENT SERVICES. THIS COMPENSATION IS REPORTED ON PART i, LINE 16C TO BE CONSISTENT WITH THE CHARACTER OF THE EXPENSE. THE FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATES.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 GeneralExplanationAttachment
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Identifier Return Reference Explanation
    Part XV - Distributions of Property Value at FMV at Date of Distribution Part XV Line 3 Distrib of Prop Value at FMV at Date of Distrib Method for Determining Fair Market Value of Securities: Average of high/low on date granted to charity Method for Determining Book Value of Securities: Cost or average of high/low on date contributed to foundation Grant 1: Description of Property: Novo Nordisk A S Units: 900 Date of Distribution: 4/11/2016 Grant Recipient: Christ School Inc. FMV of Property: $50,445 Book Value of Property: $4,182 Total Amount of Grant: $50,445 Grant 2: Description of Property: Nestle S.A. Units: 3,200 Date of Distribution: 4/12/2016 Grant Recipient: Appalachian State University Foundation Inc. FMV of Property: $234,016 Book Value of Property: $67,158 Total Amount of Grant: $234,016 Total FMV of Properties: $284,461 Total Book Value of Properties: $71,340 Total Amount of Grants: $284,461 Part III, Line 3 - Other Increases: $213,121

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ADT CORP - 4.125% - 04/15/2019 102,260 107,250
    AES CORP - 8.000% - 10/15/2017 163,125 161,250
    BAIDU INC - 3.250% - 08/06/201 204,778 205,066
    CITIGROUP INC PERP-B NT - 5.90 300,556 299,250
    COMCAST CORP - 5.875% - 02/15/ 240,936 217,184
    EMC CORP - 2.650% - 06/01/2020 179,124 187,346
    ENERGIZER - 4.700% - 05/19/202 204,225 208,798
    ENTERPRISE PRODUCTS - 7.034% - 215,876 205,000
    FRESENIUS MED CARE - 6.875% - 202,956 184,188
    GENERAL ELECTRIC CO - 5.000% - 215,415 245,145
    GENERAL ELECTRIC CO - 5.000% - 242,397 249,375
    GOLDMAN SACHS - 5.625% - 01/15 190,601 180,198
    HCA INC - 4.250% - 10/15/2019 207,084 208,000
    INT'L LEASE FIN CORP - 5.750% 216,200 200,126
    JPMORGAN CHASE & CO - 5.150% - 196,200 194,000
    KINDER MORGAN ENERGY - 5.950% 256,621 262,940
    MERRILL LYNCH & CO INC - 5.700 211,977 207,799
    NETFLIX INC - 5.375% - 02/01/2 210,934 211,500
    SPRINT NEXTEL CORP BD - 6.000% 318,689 301,500
    WACHOVIA CAPITAL TR BONDS - 5. 192,694 199,000
    WALGREENS BOOTS ALLIANCE INC - 201,686 206,468

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 254,153 213,950
    ACCENTURE PLC 97,948 112,920
    ALPHABET INC CL C 280,225 381,849
    ANHEUSER BUSCH COS INC 108,421 155,225
    APPLE INC 433,881 468,700
    BANK OF AMERICA CORP 85,404 72,800
    BANK OF AMERICA CORP - 7.250% 195,432 235,660
    BECTON DICKINSON & CO 130,600 258,016
    BERKSHIRE HATHAWAY INC DEL CL 420,711 875,999
    BGE CAPITAL TRUST II 74,619 78,000
    CHEVRON CORP 177,576 408,720
    CHINA MOBILE HGK LTD 174,450 201,320
    COLGATE-PALMOLIVE COMPANY 191,916 354,600
    COSTCO WHOLESALE CORPORATION 63,655 444,390
    GENERAL ELECTRIC CO 49,325 138,375
    ISHARES MSCI EMERGING MARKETS 94,614 103,170
    JOHNSON & JOHNSON 115,023 224,160
    L'OREAL ADR 69,405 181,950
    MCDONALD'S CORP 125,245 569,205
    MICROSOFT CORP 65,128 124,675
    NATIONAL GRID TRANSCO PLC 45,520 72,010
    NESTLE S.A 112,839 507,076
    NIKE INC-CL B 113,630 176,820
    NOVO NORDISK A S 42,284 507,689
    PEPSICO INC 206,738 334,620
    PRUDENTIAL FINANCIAL INC SER C 125,000 129,700
    PUBLIC STORAGE PFD SER S - 5.9 39,963 38,925
    UNILEVER PLC AMER 238,128 269,160
    UNITED PARCEL SERVICE 210,992 304,703
    US BANCORP PFD SER G - 6.000% 123,702 126,768
    VANGUARD HEALTH CARE ETF 129,131 127,060
    VERIZON COMMUNICATIONS 90,945 97,092
    WAL-MART STORES INC 176,064 200,610
    WALT DISNEY HOLDINGS CO 138,517 237,498
    WELLS FARGO PFD NON-CUM - 5.85 96,210 105,320
    ZIMMER BIOMET HOLDINGS 132,720 289,425

    TY 2015 OtherExpensesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 41,530     41,530
    Bank Charges 940 940    
    Foundation Dues & Memberships 750     750
    Indemnification Insurance 750     750


    TY 2015 OtherIncreasesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Description Amount
    SHARES OUT- GRANT 213,121


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administration of Foundation 40,000     40,000
    Investment Management Services 20,497 20,497    


    TY 2015 TaxesSchedule
    Name:
    Beaver Family Foundation Inc
    EIN:
    56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2016 5,000      
    Foreign Tax Paid 9,332 9,332