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
WALTER & MARIE WILLIAMS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)207 CROWN POINT ROAD
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENVILLE, NC27858
A Employer identification number

20-5940392
B Telephone number (see instructions)

(252) 355-4610
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$6,010,267
J 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 53,259 53,259  
4 Dividends and interest from securities... 23,566 23,566  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
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)....... 2,748 2,748  
12 Total. Add lines 1 through 11........ 79,573 79,573  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 1,761      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 4,831 4,831    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,592 4,831   0
25 Contributions, gifts, grants paid....... 481,311 481,311
26 Total expenses and disbursements. Add lines 24 and 25 487,903 4,831   481,311
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -408,330
b Net investment income (if negative, enter -0-) 74,742
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......... 1,999,585 2,234,548 2,234,548
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   Click to see attachment1,220 1,220
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)....... 683,952 Click to see attachment683,952 874,367
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 3,443,465 2,775,535 2,539,316
13 Investments—other (attach schedule).......... 337,399 Click to see attachment360,816 360,816
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) 6,464,401 6,056,071 6,010,267
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 6,464,401 6,056,071
30 Total net assets or fund balances (see instructions)..... 6,464,401 6,056,071
31 Total liabilities and net assets/fund balances (see instructions). 6,464,401 6,056,071
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
6,464,401
2
Enter amount from Part I, line 27a .....................
2
-408,330
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,056,071
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
6,056,071
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.)
1a
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
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
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  
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 960,444 5,551,004 0.173022
2013 437,384 5,584,929 0.078315
2012 165,649 5,540,621 0.029897
2011 185,672 5,387,902 0.034461
2010 105,271 388,597 0.270900
2
Total of line 1, column (d) .....................
20.586595
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
0.117319
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,774,801
5
Multiply line 4 by line 3......................
5
677,494
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
747
7
Add lines 5 and 6........................
7
678,241
8
Enter qualifying distributions from Part XII, line 4.............
8
481,311
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,495
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 1,495
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 1,495
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
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  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 36
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,531
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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
 
 
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 addressbulletN/A
    14
    The books are in care ofbulletCECIL S MIZELLE Telephone no.bullet (252) 756-8888

    Located atbullet1100 CONFERENCE DRIVEGREENVILLENC ZIP+4bullet27858
    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
     
    No
    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
    WALTER L WILLIAMS PRESIDENT
    1.00
    0 0 0
    207 CROWN POINT RD
    GREENVILLE,NC27834
    MARIE S WILLIAMS SECT/TREASUR
    0.00
    0 0 0
    207 CROWN POINT RD
    GREENVILLE,NC27834
    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
    886,036
    b
    Average of monthly cash balances.......................
    1b
    2,174,305
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,802,401
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,862,742
    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
    5,862,742
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    87,941
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,774,801
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    288,740
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    288,740
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,495
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,495
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    287,245
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    287,245
    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
    287,245
    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
    481,311
    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
    481,311
    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
    481,311
    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 7 287,245
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 85,841
    b From 2011......  
    c From 2012......  
    d From 2013...... 160,035
    e From 2014...... 686,338
    fTotal of lines 3a through e........ 932,214
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 481,311
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
     
    c Treated as distributions out of corpus (Election
    required—see instructions)........
     
    d Applied to 2015 distributable amount..... 287,245
    e Remaining amount distributed out of corpus 194,066
    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 1,126,280
    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 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
     
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...
    85,841
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......
    1,040,439
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 160,035
    d Excess from 2014.... 686,338
    e Excess from 2015.... 194,066
    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).)
    WALTER L WILLIAMS
    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 e-mail address of the person to whom applications should be addressed:
    WALTER MARIE WILLIAMS
    207 CROWN POINT RD
    GREENVILLE,NC27858
    (252) 752-4366
    bThe form in which applications should be submitted and information and materials they should include:
    ORAL OR WRITTEN REQUESTS ARE ACCEPTABLE.
    cAny submission deadlines:
    NO DEADLINES FOR SUBMISSION.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS ON REQUESTS.
    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
    202020
    PO BOX 96669
    WASHINGTON,DC200906669
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    AAP FIGHT FOR AUTISM
    141 NORTHWEST POINT BLVD
    ELK GROVE VILLAGE,IL600071098
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    ADMIRAL NIMITZ FOUNDATION
    310 E AUSTIN ST
    FREDERICKSBURG,TX78624
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 78
    ADF
    15100 N 90TH ST
    SCOTTSDALE,AZ85260
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    ALTON TAYLOR
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 50
    ALZHEIMER'S DISEASE RESEARCH CENTER
    200 LOTHROP ST
    PITTSBURGH,PA152132582
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 102
    AMERICAN BIBLE SOCIETY
    101 N INDEPENDENCE MALL E
    PHILADELPHIA,PA191062155
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 210
    AMERICAN CIVIL RIGHTS UNION
    3213 DUKE ST 625
    ALEXANDRIA,VA22314
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 244
    AMERICANS FOR FAITH & FREEDOM
    PO BOX 957736
    DULUTH,GA300959529
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    AMERICANS FOR PROSEPRITY
    1310 N COURTHOUSE RD
    ARLINGTON,VA22201
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    AMERICAN KIDNEY FUND
    11921 ROCKVILLE PIKE
    ROCKVILLE,MD20852
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    AMERICAN LEGION
    403 ST ANDREWS DR
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 171
    AMERICAN VETERANS ASSOC
    4647 FORBLES BLVD
    LANHAM,MD20706
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 80
    AMERICAN CANCER RESEARCH
    PO BOX 22718
    OKLAHOMA CITY,OK731231718
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    AMERICAN PARKINSON DISEASE ASSOC
    135 PARKINSON AVE
    STATEN ISLAND,NY10305
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    ANWERS IN GENESIS
    PO BOX 510
    HEBRON,KY41048
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    ARTHRITIS FOUNDATION
    1355 PEACHTREE ST NE
    ATLANTA,GA30309
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 40
    AT EASE GENERAL EISENHOWER
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 45
    AWARD DIGEST
    PO BOX 33817
    DENVER,CO80233
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    AYDEN COLLARD FESTIVAL
    PO BOX 186
    AYDEN,NC28513
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    AYDEN VOLNUTEER FIRE DEPT
    PO BOX 327
    AYDEN,NC28513
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    BAPTIST CHILDREN'S HOMES OF NC
    PO BOX 338
    THOMASVILLE,NC27361
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200,300
    BATAVIA ROTARY MEMORIAL FUND
    209 E MAIN ST
    BATAVIA,NY14020
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    BATH FOUNDATION
    PO BOX 238
    BATH,NC27808
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    THE BATH HIGHSCHOOL PRESERVATION
    PO BOX 149
    BATH,NC27808
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    BCOF
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    BEAUFORT COUNTY ARTS COUNCIL
    150 WEST MAIN ST
    WASHINGTON,NC27889
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5,000
    BLACK JACK OFWB CHURCH
    2972 BLACKJACK-SIMPSON RD
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    BLACK JACK VOLUNTEER FIRE DEPT
    3020 BLACK JACK SIMPSON R
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 28
    BOYS & GIRLS CLUB
    621 W FIRETOWER RD
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5,000
    BOYS AND GIRLS HOME
    PO BOX 127
    LAKE WACCAMAW,NC28450
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,150
    BOY SCOUTS OF AMERICA
    PO BOX 1698
    KINSTON,NC28501
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 550
    BOYS TOWN
    14100 CRAWFORD ST
    BOYS TOWN,NE68010
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 125
    BREAST CANCER RESEARCH FOUNDATION
    60 EAST 56TH ST 8TH FL
    NEW YORK,NY10022
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 88
    BUILDING HOPE COMMUNITY LIFE CENTER
    309 W 8TH ST
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    CANCER SUPPORT COMMUNITY ENC
    PO BOX 2844
    GREENVILLE,NC27836
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,000
    CALVIN DIXON
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 100
    CCAF
    100 SOUTH TURNER BLVD
    GUNTER ANNEX,AL361143011
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    CWS
    PO BOX 968
    ELKHART,IN46515
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    CCA SWEEPSTAKES
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    CENTER FOR THE AMERICAN FUTURE
    2925 GULF FREEWAY S
    LEAGUE CITY,TX77573
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    CHARLES HARDEE
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 1,000
    CHOWAN UNIVERSITY
    1 UNIVERSITY DR
    MURFREESBORO,NC27855
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 130
    CHILD PROTECTION PROGRAM
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 7
    CHRIS CARTER MEMORIAL SCHOLARSHIP
    226 COMMERCE ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    CHILDREN'S LEUKEMIA FOUNDATION
    807 MANTOLOKING RD
    BRICK,NJ08723
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 7
    CHILDREN'S MONTESSORI SCHOOL
    100 HUNTGATE DR
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    CHOSEN PEOPLE MINISTRIES
    241 E 51ST ST
    NEW YORK,NY10022
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 36
    CHRISTIAN ACTION NETWORK
    PO BOX 606
    FOREST,VA24551
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 90
    CHRISTIAN APPALACHAIN PROJECT
    485 PONDEROSA DR
    PAINTSVILLE,KY41240
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    CYSTIC FIBROSIS FOUNDATION
    6931 ARLINGTON RD 2D FL
    BETHESDA,MD20814
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    CITIZENS UNITED
    1006 PENNSYLVANIA AVE
    WASHINGTON,DC20003
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 260
    CITIZENS DEMAND FOR TRUTH
    WASHINGTON
    WASHINGTON,DC20003
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    CLARE BOOTH LUCE POLICY INSTITUTE
    112 ELDEN ST STE P
    HERNDON,VA20170
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    COALITION TO SOLUTE AMERICA'S HEROE
    552 FORT EVANS RD
    LEESBURG,VA20176
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 260
    COMMITTEE FOR MISSING CHILDREN
    242 STONE MOUNTAIN
    ST LAWRENCEVILLE,GA30046
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 7
    COMMUNITY FOUNDATION
    625 LYNNDALE COURT
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    CONGRESSIONAL PRAYER FOUNDATION
    PO BOX 15095
    CHESAPEAKE,VA23328
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    CONSUMER REPORTS
    101 TRUMAN AVE
    YONKERS,NY10703
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 36
    DEFEAT DIABETES FOUNDATION
    150 153RD AVE STE 300
    MADEIRA BEACH,FL33708
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    DIABETES RESEARCH & WELLNESS FOUND
    5151 WISCONSIN AVE NW
    WASHINGTON,DC20016
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    DISABLED AMERICAN VETS
    3338 FRONTGATE DR
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 92
    DREAM OF LIFE SWEEPSTAKES
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 3
    EAST CAROLINA VOCATIONAL CENTER
    901 STATON ROAD
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    ECU BASKETBALL
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    ECU EDUC FOUNDATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 61,493
    ECU PIRATE CLUB
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 153,748
    ECU MEDICAL FOUNDATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    ECU WOMEN'S BASKETBALL
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    ECU FRIENDS OF MUSIC
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 375
    EMERALD ISLE BAPTIST CHURCH
    304 EMERALD PLANTATION
    EMERALD ISLE,NC28594
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 575
    FARMVILLE CHARITABLE ORGANIZATION
    PO BOX 863
    FARMVILLE,NC27828
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,600
    FCL
    29 BENEDICT AVE
    STATEN ISLAND,NY103142409
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 8
    FIRST CHRISTIAN CHURCH
    2810 E 14TH ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 75
    FIRE VICTIMS FUND
    ONE WEST ST
    FARMINGDALE,NY11735
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 46
    FOOD FOR THE POOR
    6401 LYONS ROAD
    COCONUT CREEK,FL33073
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 12
    FOUNDATION FOR CHRISTIAN ACTION
    800 MALLORY ST
    SIMONS ISL,GA31522
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    FOR GOD AND COUNTRY
    PO BOX 2782
    WILLIAMSBURG,VA23187
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 84
    FRED SCHAEFFER COX
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 26
    FREEDOM DEFENSE FUND
    1155 15TH ST NW 410
    WASHINGTON,DC20005
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 90
    FRONTIERS OF FREEDOM
    4094 MAJESTIC LN
    FAIRFAX,VA22033
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    GEORGE WHITFIELD CLINIC
    216 HARDINGWOOD DR
    GOLDSBORO,NC27534
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 120
    GEORGE WASHINGTON MOUNT VERNON
    3200 MOUNT VERNON
    MOUNT VERNON,VA22121
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    GREENVILLE LEARNING CENTER
    1101 S ELM ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 300
    GREENVILLE ROTARY
    809 JOHNSTN ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 780
    HABITAT FOR HUMANITY
    210 E 14TH ST D
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    HARRISON INSTITUTE
    37TH O STREETS NW
    WASHINGTON,DC20057
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 55
    HEART CENTER OF AMERICA
    2902 TAZEWELL PIKE G
    KNOXVILLE,TN37918
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 189
    HEALING HEROES NETWORK
    31640 US HWY 19 N
    PALM HARBOR,FL34684
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    HECK-JONES OFFERING WMU NC
    PO BOX 18309
    RALEIGH,NC27619
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    HELP HOSPITALIZED VETERANS
    PO BOX 98088
    WASHINGTON,DC20090
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 130
    HELP THE VETS
    1613 E LIVINGSTON ST
    ORLANDO,FL32803
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    HOSPICE SUPPORT FUND
    403 MURFREESBORO PIKE
    NASHVILLE,TN37210
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 57
    HUMANE SOCIETY OF EASTERN NC
    3520 TUPPER DR
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    IGNITE CHURCH
    193 FORLINES ROAD
    WINTERVILLE,NC28590
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    IMMANUEL BAPTIST CHURCH
    1101 S ELM ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    IN GOD WE TRUST
    PO BOX 15095
    CHESAPEAKE,VA233285095
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 45
    IN HIS WAKE MINISTRIES
    PO BOX 120987
    CLERMONT,FL34712
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 450
    INTEGRITY CHURCH
    2725 E 14TH ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    INTERCOLLEGIATE STUDIES INSTITUTE
    3901 CENTERVILLE RD
    WILMINGTON,DE19807
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    JERUSALEM PRAYER TEAM
    PO BOX 30000
    PHOENIX,AZ85046
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 292
    JUDICIAL WATCH
    425 3RD ST SW STE 800
    WASHINGTON,DC20024
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    KIDS WISH NETWORK
    4060 LOUIS AVE
    HOLIDAY,FL34691
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 52
    KIWANIS CLUB
    3010 S EVANS ST
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    LAW ENFORCEMENT LEGAL FUND
    2560 HUNTINGTON AVE STE10
    ALEXANDRIA,VA22303
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 180
    LESTER HOUSE SCHOLARSHIP FUND
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 50
    LIBRARY INSTITUTE
    400 S RD
    CHAPEL HILL,NC27514
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 50
    LIBERTY COUNSEL ACTION
    PO BOX 540629
    ORLANDO,FL32854
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    LIBERTY GUARD
    3101 TOWERCREEK PKWY
    ATLANTA,GA30339
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    LOVE FOR LIFE
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    MARCH OF DIMES
    1275 MAMARONECK AVE
    WHITE PLAINS,NY10605
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    MIRACLE FLIGHTS FOR KIDS
    5740 S EASTERN AVE 240
    LAS VEGAS,NV89119
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    MONETARY ALLOCATION GROUP
    229-19 MERRICK BLVD
    LAURELTON,NY11413
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 60
    MULTIPLE SCLEROSIS SOCIETY
    3101 INDUSTRIAL DR 210
    RALEIGH,NC27609
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    MUSCULAR DYSTROPHY ASSOCIATION
    222 S RIVERSIDE PLAZA
    CHICAGO,IL60606
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    NCF
    11625 RAINWATER DR
    ALPHARETTA,GA30009
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    NRC
    PO BOX 868
    LYNBROOK,NY11563
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    NATIVE AMERICAN HERITAGE ASSOC
    PO BOX 512
    RAPID CITY,SD57709
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    NATIONAL ASSOC OF BLIND VETERANS
    PO BOX 784957
    WINTER GARDEN,FL34778
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    NATIONAL CANCER CENTER
    88 SUNNYSIDE BLVD STE 307
    PLAINVIEW,NY118031518
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 133
    NATIONAL CAREGIVING FOUNDATION
    801 N PITT ST 116
    ALEXANDRIA,VA22314
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 137
    NATIONAL DIABETES FUND
    4920 LENA RD
    BRADENTON,FL34211
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 138
    NATIONAL WORLD WAR II MUSEUM
    945 MAGAZINE ST
    NEW ORLEANS,LA70130
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    NATIONAL VETERANS SERVICE FUND
    PO BOX 2465
    DARIEN,CT06820
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 78
    NCCI
    1493 MAPLE HILL RD
    WASHINGTON,VT056679221
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 18
    NC FOP
    1500 WALNUT ST
    CARY,NC27511
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    NORTH SHORE ANIMAL LEAGUE
    25 DAVIS AVE
    PORT WASHINGTON,NY11050
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 90
    OAK CITY CHRISTIAN CHURCH
    310 COMMERCE ST
    OAK CITY,NC27857
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    OPERATION FINALLY HOME
    1659 HWY 46 W STE 115-60
    NEW BRAUNFELS,TX78132
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    OPERATION HOME FRONT
    233 S SHARON AMITY RD
    CHARLOTTE,NC28211
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    OPP
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    PACIFIC LEGAL FOUNDATION
    930 G STREET
    SACRAMENTO,CA95814
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    PARALYZED VETERANS OF AMERICA
    801 EIGHTEENTH ST NW
    WASHINGTON,DC20006
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    PAWS FOR PURPLE HEARTS
    5860 LABATH AVE STE A
    ROHNERT PARK,CA94928
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 18
    PITT COMMUNITY COLLEGE
    PO DRAWER 7007
    GREENVILLE,NC27835
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,010
    PITT COUNTY ARTS COUNCIL
    404 S EVANS ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 40
    PRAY IN JESUS NAME MINISTRIES
    PO BOX 77077
    COLORADO SPRINGS,CO80970
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 104
    VIDANT MEDICAL FOUNDATION
    2100 STANTONSBURG RD
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5,000
    REAGAN RANCH FOR YOUNG AMERICANS
    217 STATE ST
    SANTA BARBARA,CA93101
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    REDISCOVERING GOD IN AMERICA
    1770 MASSACHUSETTS AVE
    CAMBRIDGE,MA02140
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    RELIGIOUS FREEDOM COALITION
    PO BOX 77511
    WASHINGTON,DC20013
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 125
    RELIGIOUS FREEDOM IN THE MILITARY
    801 G ST NW
    WASHINGTON,DC20001
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    RHC PMB 406
    176-25 UNION TPKE
    FRESH MEADOWS,NY11365
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 60
    RICHARD TAFT MISSION TRIP
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 300
    ROCKING HORSE RANCH
    1721 BLUE BANKS FARM
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    ROSE HILL CHURCH
    6236 COUNTY HOME RD
    WINTERVILLE,NC28590
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    SALVATION ARMY
    2337 DICKINSON AVE
    GREENVILLE,NC27834
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25,430
    SAVE
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    SECURE AMERICA
    3412 CHESTERFIELD AVE
    CHARLESTON,WV25304
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 27
    SECURE FREEDOM
    1901 PENNSYLVANIA AVE NW
    WASHINGTON,DC20006
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    SECURITIES DISBURSEMENT DIVISION
    273 WALT WHITMAN RD
    HUNTINGTON,NY11746
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    SKATING RINK
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    SPECIAL OLYMPICS
    1058 SOUTH ELM ST
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 45
    SPORTSWORKS MINISTRY
    PO BOX 8031
    GREENVILLE,NC27835
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    SOUTHEASTERN LEGAL FOUNDATION
    2255 SEWELL MILL RD
    MARIETTA,GA300627218
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    ST BONAVENTURE INDIAN MISSION
    25 W NAVARRE BLVD
    THOREAU,NM87323
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 14
    ST JOSEPH'S INDIAN SCHOOL
    1301 N MAIN ST
    CHAMBERLAIN,SD57325
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    SWEEPSTAKES AUDIT BUREAU
    PO BOX 549012
    DALLAS,TX75354
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    SWEEPSTAKES ADVISOR
    PO BOX 549012
    DALLAS,TX75354
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    THE ARTHRITIS TRUST
    7111 SWEETGUM RD
    FAIRVIEW,TN37062
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 130
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    THE NAVIGATORS
    PO BOX 6079
    ALBERT LEA,MN560076679
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    THE SENIORS CENTER
    208 N PATRICK ST
    ALEXANDRIA,VA22314
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 22
    THOMAS MORE LAW CENTER
    24 FRANK LLOYD WRIGHT DR
    ANN ARBOR,MI48105
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    TRADITIONAL VALUES COALITION
    139 C ST SE
    WASHINGTON,DC20003
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    UNC TV
    10 TW ALEXANDER DR
    RESEARCH TRIANGLE PARK,NC277094900
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    UNITED AMERICAN PATRIOTS
    110-A SHIELDS PARK DR
    KERNSVILLE,NC27284
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    UNITY FWB CHURCH
    4301 CHARLES BLVD
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    US DEPUTY SHERIFF ASSOCIATION
    319 S HYDRAULIC ST
    WICHITA,KS67211
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 115
    US OLYMPICS
    PO BOX 7207
    GREENVILLE,NC27835
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    US INVESTIGATIVE UNIT
    PO BOX 96444
    WASHINGTON,DC200906444
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    USO
    9 TALLMAN ST
    JACKSONVILLE,NC28540
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    VANCEBORO ROTARY CLUB
    VANCEBORO
    VANCEBORO,NC28586
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    VIRGINIA TAYOR LOVE FOR LIFE FUND
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    VETERANS RELIEF NETWORK
    310 W 20TH ST STE 300
    KANSAS CITY,MO641082025
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 10
    VFW
    1108 MUMFORD RD
    GREENVILLE,NC27834
    NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 35
    VIETNAM VETERANS FUND
    2600 VIRGINIA AVE NW
    WASHINGTON,DC20037
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 35
    WESLEY CHAPEL UNITED METHODIST CHUR
    PO BOX 2465
    KENANSVILLE,NC28349
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    WELCOME HOME HEROES
    2634 REDBRIDGE RD
    TRACY,CA95377
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    WINTERVILLE HISTORICAL SOCIETY
    PO BOX 1815
    WINTERVILLE,NC28590
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 20
    WORLD WAR II VETERANS
    GREENVILLE
    GREENVILLE,NC27858
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 140
    WORLD WAR II MUSEUM
    945 MAGAZINE ST
    NEW ORLEANS,LA70130
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 140
    WORLD WILDLIFE FUND
    1250 24TH ST NW
    WASHINGTON,DC20037
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 16
    WOUNDED WARRIOR PROJECT
    PO BOX 758517
    TOPEKA,KS66675
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 160
    YOUNG AMERICA FOUNDATION
    11480 COMMERCE PARK DR
    RESTON,VA20191
    NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 75
    Total .................................bullet 3a 481,311
    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 53,259  
    4 Dividends and interest from securities....     14 23,566  
    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.....     14 2,748  
    8
    Gain or (loss) from sales of assets other than inventory ............
             
    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)..   79,573  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1379,573
    (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 InvestmentsCorpStockSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN:
    20-5940392
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BB&T 558,665 756,200
    BANK OF AMERICA 46,099 67,320
    WHITING PETROLEUM CORP 17,588 3,342
    DR HORTON INC 4,531 6,406
    INVENSENSE INC 9,837 5,115
    CHEVRON 47,232 35,984

    TY 2015 InvestmentsOtherSchedule2
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN:
    20-5940392
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALBEMARLE PLANTATION HOLDINGS II LLC AT COST 144,790 144,790
    PERQUIMANS DEVELOPMENT LLC AT COST 191,026 191,026
    NANO VENTURES AT COST 25,000 25,000

    TY 2015 OtherExpensesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN:
    20-5940392
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    PERQUIMANS DEVELOPMENT EXPENS 3,295 3,295    
    ALBEMARLE PLANTATION HOLDINGS 1,036 1,036    
    BANK FEES 113 113    
    INVESTMENT SUBSCRIPTIONS 387 387    


    TY 2015 OtherIncomeSchedule2
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN:
    20-5940392
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PERQUIMANS DEVELOPMENT 2,748 2,748  


    TY 2015 OtherReceivablesOfficersSch
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN:
    20-5940392
    Travel Advance to Officers:  


    Item No. 1
    Borrower's Name WALTER L WILLIAMS
    Borrower's Title  
    Original Amount of Loan 1220
    Balance Due 1220
    Date of Note 2015-12
    Maturity Date 2016-11
    Repayment Terms PAID IN FULL
    Interest Rate  
    Security Provided by Borrower NOT APPLICABLE
    Purpose of Loan PERSONAL ITEM PAID BY ERROR. REPAID
    Description of Lender Consideration  
    Consideration FMV 1220


    TY 2015 TaxesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN:
    20-5940392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2014 IRS EXCISETAX 1,761