TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
MORGAN HAND II SCHLP CO-TTEE

Number and street (or P.O. box number if mail is not delivered to street address)1525 WEST WT HARRIS BLVD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28262

A Employer identification number

23-7873028

B Telephone number (see instructions)

(855) 241-6645

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$562,429J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	16,702		16,513
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,649
b	Gross sales price for all assets on line 6a 66,924
7	Capital gain net income (from Part IV, line 2)...			4,649
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		712	712
12	Total. Add lines 1 through 11........	22,063		21,874
13	Compensation of officers, directors, trustees, etc.	11,573		7,233		4,340
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,000	0	0	1,000
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		562	171		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		1,828	9		1,819
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	14,963		7,413	0	7,159
25	Contributions, gifts, grants paid.......	37,000				37,000
26	Total expenses and disbursements. Add lines 24 and 25	51,963		7,413	0	44,159
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-29,900
b	Net investment income (if negative, enter -0-)			14,461
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,045	736	736
	2	Savings and temporary cash investments.........	38,980	40,751	40,751
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	253,324	256,515	309,130
	c	Investments—corporate bonds (attach schedule).......	257,031	223,251	211,812
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	550,380	521,253	562,429
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	550,380	521,253
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	550,380	521,253
	31	Total liabilities and net assets/fund balances (see instructions).	550,380	521,253

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

550,380

Enter amount from Part I, line 27a .....................

-29,900

Other increases not included in line 2 (itemize) bullet

1,280

Add lines 1, 2, and 3 ..........................

521,760

Decreases not included in line 2 (itemize) bullet

507

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

521,253

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	65. AFLAC INC		2013-01-28	2015-05-21
b	40. AMERICAN EXPRESS CO		2011-05-23	2015-05-21
c	50. BAXALTA INC		2014-03-03	2015-07-20
d	50. BAXTER INTL INC		2014-03-03	2015-07-20
e	15. BHP BILLITON LIMITED - ADR		2014-03-03	2015-05-21
	556.328 DREYFUS EMG MKT DEBT LOC C-I #6083		2011-09-15	2015-05-21
	65. NATIONAL OILWELL INC COM		2015-05-21	2015-07-20
	2255.639 PIMCO TOTAL RET FD-INST #35		2008-03-04	2015-05-21
	431.965 PIMCO HIGH YIELD FD-INST #108		2011-05-24	2015-05-21
	444.444 PIMCO EMERG MKTS BD-INST #137		2010-09-16	2015-05-21
	30. ROSS STORES INC		2011-05-23	2015-05-21
	115. US BANCORP		2013-01-28	2015-07-20
	197.628 WELLS FARGO INTL BOND-IS #4705		2004-09-27	2015-05-21
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,085	3,600	485
b	3,234	2,042	1,192
c	1,624	1,546	78
d	1,877	1,904	-27
e	694	1,024	-330
	6,793	8,000	-1,207
	2,809	3,350	-541
	24,000	24,541	-541
	4,000	4,171	-171
	4,667	5,000	-333
	3,051	1,208	1,843
	5,285	3,820	1,465
	2,000	2,069	-69
			2,805

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			485
b			1,192
c			78
d			-27
e			-330
			-1,207
			-541
			-541
			-171
			-333
			1,843
			1,465
			-69

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,649
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 ...................		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? Yes No

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	44,370	630,045	0.070424
2013	36,864	617,374	0.059711
2012	24,588	590,948	0.041608
2011	21,452	578,143	0.037105
2010	28,275	546,048	0.051781

Total of line 1, column (d) .....................

20.260629

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 . . .

0.052126

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

588,060

Multiply line 4 by line 3......................

30,653

Enter 1% of net investment income (1% of Part I, line 27b)...........

145

Add lines 5 and 6........................

30,798

Enter qualifying distributions from Part XII, line 4.............

44,159

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	145
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	145
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	145
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	304
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	304
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	159
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax148	Refunded	11	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(855) 241-6645

Located at bullet

ONE WEST 4TH STREET D4000-062WINSTON SALEMNC ZIP+4 bullet

271014000

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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-)
WELLS FARGO BANK	CO-TRUSTEE 40	5,786
1525 W WT HARRIS BLVD D1114-044 CHARLOTTE,NC28288	CO-TRUSTEE 40	5,786
WILLIAM J HUGHES	CO-TRUSTEE 5	5,787
1019 WESLEY ROAD OCEAN CITY,NJ08226	CO-TRUSTEE 5	5,787

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...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. 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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

557,997

Average of monthly cash balances.......................

39,018

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

597,015

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

597,015

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

8,955

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

588,060

Minimum investment return. Enter 5% of line 5..................

29,403

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

29,403

Tax on investment income for 2015 from Part VI, line 5......

145

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

145

Distributable amount before adjustments. Subtract line 2c from line 1............

29,258

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

29,258

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

29,258

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

44,159

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

44,159

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).................

145

Adjusted qualifying distributions. Subtract line 5 from line 4..............

44,014

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)

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					29,258
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	1,452
e From 2014......	13,474
fTotal of lines 3a through e........		14,926
4Qualifying distributions for 2015 from Part
XII, line 4: $ 44,159
a Applied to 2014, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					29,258
e Remaining amount distributed out of corpus		14,901
5 Excess distributions carryover applied to 2015.		0			0
(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		29,827
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					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) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		29,827
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	1,452
d Excess from 2014....	13,474
e Excess from 2015....	14,901

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

MORGAN HAND II SCHOLARSHIP FUND
ONE WEST FOURTH STREET
WINSTONSALEM,NC27150
(800) 576-5135

bThe form in which applications should be submitted and information and materials they should include:

ANY

cAny submission deadlines:

APRIL 1ST ANNUALLY

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

AWARDED TO RESIDENTS OF CAPE MAYE COUNTY NEW JERSEY WHO ARE ATTENDING RUTGERS UNIVERSITY

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
RUTGERS THE STATE UNIVERSITY OF NEW JERSEY 57 US HWY 1 NEW BRUNSWICK,NJ08901	NONE	PC	SCHOLARSHIPS	37,000
Total ................................. 3a				37,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	16,702
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	4,649
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aSEE STATEMENT4			1	712
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				22,063

13Total. Add line 12, columns (b), (d), and (e)..................

1322,063

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,000			1,000

- TIN:

TY 2015 CompensationExplanation

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Person Name	Explanation
WELLS FARGO BANK	CO-TRUSTEE FEES
WILLIAM J HUGHES	CO-TRUSTEE FEES

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Name of Bond	End of Year Book Value	End of Year Fair Market Value
256210105 DODGE & COX INCOME F	59,343	60,665
693390841 PIMCO HIGH YIELD FD-	13,263	11,677
693391104 PIMCO REAL RTN FUND
693390700 PIMCO TOTAL RET FD-I	21,703	20,138
74253Q416 PRINCIPAL PREFERRED	17,992	18,156
94985D582 WELLS FARGO INTL BON	7,980	7,221
315920702 FID ADV EMER MKTS IN	12,904	12,434
693391559 PIMCO EMERG MKTS BD-
256219106 DODGE & COX STOCK FD
589619105 MERIDIAN GRWTH FD
76628R615 RIDGEWORTH FD-MIDCAP
779547108 T ROWE PRICE EQUITY
922908421 VANGUARD SMALL CAP
94985D277 WELLS FARGO ADVTG ST
246248306 DELAWARE POOLED TR
683974505 OPPENHEIMER DEVELOP
261980494 DREYFUS EMG MKT DEBT
693390882 PIMCO FOREIGN BD FD	10,066	9,414
741478101 T ROWE CORPORATE INC	18,000	16,492
746763226 PUTNAM FLOATING RATE	9,000	8,300
77957P105 T ROWE PRICE SHORT T	20,000	19,561
4812C0803 JPMORGAN HIGH YIELD	23,000	19,374
044820504 ASHMORE EMERG MKTS C	10,000	8,380

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Name of Stock	End of Year Book Value	End of Year Fair Market Value
742718109 PROCTER & GAMBLE CO	1,597	3,573
20825C104 CONOCOPHILLIPS	2,514	2,568
30231G102 EXXON MOBIL CORPORAT	1,854	3,508
46625H100 JPMORGAN CHASE & CO	5,131	6,075
031162100 AMGEN INC
478160104 JOHNSON & JOHNSON	3,566	6,677
913017109 UNITED TECHNOLOGIES	1,765	5,764
88579Y101 3M CO	1,768	4,519
00846U101 AGILENT TECHNOLOGIES
24702R101 DELL INC
458140100 INTEL CORP
459200101 INTERNATIONAL BUSINE	3,314	4,129
594918104 MICROSOFT CORP	6,152	6,935
693506107 PPG INDUSTRIES INC
00206R102 AT & T INC
H0023R105 ACE LIMITED	4,052	8,764
001055102 AFLAC INC
025816109 AMERICAN EXPRESS CO
03076C106 AMERIPRISE FINL INC
110122108 BRISTOL MYERS SQUIBB
14149Y108 CARDINAL HEALTH INC
156700106 CENTURYLINK, INC
166764100 CHEVRON CORP	4,792	4,048
17275R102 CISCO SYSTEMS INC	4,308	5,295
191216100 COCA COLA CO	2,713	3,437
20030N101 COMCAST CORP CLASS A	2,142	5,361
246248306 DELAWARE POOLED TR I	33,121	25,885
256219106 DODGE & COX STOCK FU
369604103 GENERAL ELECTRIC CO	2,786	4,361
428236103 HEWLETT PACKARD CO
437076102 HOME DEPOT INC
438516106 HONEYWELL INTERNATIO
44981V706 ING REAL ESTATE FUND
464287606 ISHARES S&P MID-CAP	11,070	16,257
46625H100 JPMORGAN CHASE & CO
46625H365 JP MORGAN ALERIAN ML	11,548	8,981
50075N104 KRAFT FOODS INC
580135101 MCDONALDS CORP	2,719	4,135
58155Q103 MCKESSON CORP	2,402	6,311
583334107 MEADWESTVACO CORP
637071101 NATIONAL OILWELL IN
674599105 OCCIDENTAL PETE CORP
68389X105 ORACLE CORPORATION	2,165	2,374
683974505 OPPENHEIMER DEVELOPI
722005667 PIMCO COMMODITY REAL	12,546	4,820
74144T108 T ROWE PRICE GROUP I
747525103 QUALCOMM INC
76628R615 RIDGEWORTH FD-MIDCAP	10,548	11,872
778296103 ROSS STORES INC	1,208	3,229
87612E106 TARGET CORP	2,465	3,267
882508104 TEXAS INSTRUMENTS IN
91324P102 UNITEDHEALTH GROUP I	2,697	6,470
91529Y106 UNUM GROUP
922908421 VANGUARD SMALL CAP I
931142103 WAL MART STORES INC
94985D277 WELLS FARGO ADV LG C
983134107 WYNN RESORTS LTD
H84989104 TE CONNECTIVITY LTD
H89128104 TYCO INTERNATIONAL L
00101J106 ADT CORP/THE
03524A108 ANHEUSER-BUSCH INBEV	3,015	5,625
037833100 APPLE INC	6,665	7,368
12572Q105 CME GROUP INC	3,212	5,436
278865100 ECOLAB INC	1,192	2,288
461202103 INTUIT COM
50076Q106 KRAFT FOODS GROUP IN
609207105 MONDELEZ INTERNATION	1,634	3,363
66987V109 NOVARTIS AG - ADR
705015105 PEARSON PLC - ADR
744573106 PUBLIC SVC ENTERPRIS	2,327	2,902
89151E109 TOTAL S.A. - ADR	3,196	2,922
907818108 UNION PACIFIC CORP	4,332	5,474
92857W209 VODAFONE GROUP PLC N
94975P512 WFA LARGE CAP GROWTH
G1151C101 ACCENTURE PLC	2,984	5,225
H6169Q108 PENTAIR, LTD.
04314H204 ARTISAN INTERNATIONA
189754104 COACH INC
404280406 HSBC - ADR	7,166	5,328
478366107 JOHNSON CONTROLS INC	3,562	4,541
641069406 NESTLE S.A. REGISTER	2,684	2,977
902973304 US BANCORP DEL NEW
G29183103 EATON CORP PLC	2,533	2,342
071813109 BAXTER INTL INC
088606108 BHP BILLITON LIMITED
09247X101 BLACKROCK INC	3,301	3,405
25243Q205 DIAGEO PLC - ADR	1,848	1,636
38141G104 GOLDMAN SACHS GROUP	2,474	2,703
683974604 OPPENHEIMER DEVELOPI	12,000	11,236
78463X863 SPDR DJ WILSHIRE INT	5,002	4,499
922908686 VANGUARD SMALL CAP I	12,661	22,920
92913K595 VOYA REAL ESTATE FUN	10,308	15,392
04314H402 ARTISAN INTERNATIONA	9,000	9,560
517834107 LAS VEGAS SANDS CORP	3,151	2,630
61166W101 MONSANTO CO NEW	4,277	3,941
693475105 PNC FINANCIAL SERVIC	3,992	3,812
84473L105 SOUTH32 - ADR	54	23
867224107 SUNCOR ENERGY INC NE	3,002	2,967

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Description	Amount
MUTUAL FUND POSTING DATE AFTER TYE	467
ROC BASIS ADJUSTMENTS	36
ROUNDING	4

- TIN:

TY 2015 OtherExpensesSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
FOUNDATION ADMIN FEES	1,742	0	1,742
POST OFFICE BOX	77	0	77
ADR FEES	9	9	0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
JP MORGAN ALERIAN MLP INDEX	712	712

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Description	Amount
MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE	1,280

- TIN:

TY 2015 TaxesSchedule

Name:

MORGAN HAND II SCHLP CO-TTEE

EIN:

23-7873028

Category	Amount	Net Investment Income
FOREIGN TAXES	87	87
FEDERAL TAX PAYMENT - PRIOR YE	87	0
FEDERAL ESTIMATES - PRINCIPAL	304	0
FOREIGN TAXES ON QUALIFIED FOR	79	79
FOREIGN TAXES ON NONQUALIFIED	5	5