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
BAILEY ENDOWMENT INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 10788
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27605

A Employer identification number

56-1802700

B Telephone number (see instructions)

(919) 749-5254

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

$1,872,474J 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)	465,716
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	1,986		1,986	1,986
4	Dividends and interest from securities...	30,417		30,417	30,417
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		62,318
b	Gross sales price for all assets on line 6a 889,291
7	Capital gain net income (from Part IV, line 2)...			61,196
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).......		1,307		1,307
12	Total. Add lines 1 through 11........	561,744		93,599	33,710
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).......		3,250	200
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,017	2,017
19	Depreciation (attach schedule) and depletion...		149
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		21,488	15,069
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	26,904		17,286		0
25	Contributions, gifts, grants paid.......	66,300				66,300
26	Total expenses and disbursements. Add lines 24 and 25	93,204		17,286		66,300
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	468,540
b	Net investment income (if negative, enter -0-)			76,313
c	Adjusted net income (if negative, enter -0-)...				33,710

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.............
	2	Savings and temporary cash investments.........	136,458	353,206	353,206
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	7,601	6,075	6,075
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,185,345	1,439,356	1,487,555
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	26,184	25,638	25,638
	14	Land, buildings, and equipment: basis 1,307
		Less: accumulated depreciation (attach schedule) 1,083	373	224
	15	Other assets (describe )	7	9
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,355,968	1,824,508	1,872,474
	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........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	1,355,968	1,824,508
	30	Total net assets or fund balances (see instructions).....	1,355,968	1,824,508
	31	Total liabilities and net assets/fund balances (see instructions).	1,355,968	1,824,508

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

1,355,968

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

468,540

Other increases not included in line 2 (itemize) bullet

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

1,824,508

Decreases not included in line 2 (itemize) bullet

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

1,824,508

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	ABBVIE INC	P	2013-10-15	2015-05-22
b	ALLSTATE CORP	P	2013-11-27	2015-08-20
c	AMERICAN HOMES 4 RENT	P	2014-04-11	2015-04-29
d	BANCO LATINO AMERICAN	P	2014-02-04	2015-01-13
e	CISCO SYSTEMS	P	2014-09-22	2015-05-22
	DELTA AIR LINES	P	2015-05-11	2015-08-21
	DODGE & COX INCOME	P	2014-07-14	2015-04-01
	EATON VANCE TAX MAN	P	2015-01-13	2015-04-29
	GENERAL ELECTRIC	P	2013-12-13	2015-04-29
	HANESBRANDS INC	P	2013-06-25	2015-08-24
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-13
	HOSPITALITY PPTYS TR	P	2013-05-23	2015-04-29
	INVESCO MORTGAGE CAPITAL	P	2013-05-14	2015-01-13
	KRAFT FOODS GROUP	P	2011-09-16	2015-04-24
	LINCOLN NATIONAL CORP	P	2014-03-12	2015-08-21
	MAGNA INTL INC	P	2014-09-23	2015-05-22
	METLIFE	P	2013-06-24	2015-01-06
	MYLAN V SHS EURO	P	2015-03-23	2015-05-22
	OLIN CORP	P	2014-02-04	2015-01-14
	ORACLE CORPORATION	P	2015-05-11	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-01-06
	PNC BANK	P	2015-05-11	2015-08-20
	REYNOLDS AMERICAN	P	2015-03-23	2015-08-20
	SKYWORKS SOLUTIONS	P	2014-03-13	2015-01-06
	TEXAS INSTRS	P	2015-03-23	2015-05-22
	TRINITY INDUSTRIES	P	2015-01-06	2015-08-20
	UNION PAC CORP	P	2013-03-27	2015-08-21
	WELLS FARGO COMPANY	P	2015-05-11	2015-08-20
	ACCENTURE PLC	P	2015-01-12	2015-04-29
	ALLSTATE CORP	P	2013-11-27	2015-08-20
	AMGEN INC	P	2014-06-13	2015-03-24
	BANCO LATINO AMERICAN	P	2014-12-22	2015-01-20
	CMS ENERGY CORP	P	2015-05-11	2015-08-20
	DELTA AIR LINES	P	2015-05-22	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2014-11-25	2015-08-20
	EATON VANCE TAX MAN	P	2015-01-13	2015-04-29
	GENERAL ELECTRIC	P	2014-02-04	2015-04-29
	HCA HOLDINGS	P	2014-11-24	2015-03-23
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-14
	HOSPITALITY PPTYS TR	P	2014-02-04	2015-04-29
	IRON MTN INC	P	2015-01-12	2015-04-29
	KRAFT FOODS GROUP	P	2011-09-16	2015-04-24
	LOWES COS INC	P	2015-03-23	2015-08-21
	MAGNA INTL INC	P	2015-05-11	2015-05-22
	METLIFE	P	2013-10-15	2015-01-06
	NATIONAL HEALTH INVS	P	2014-12-22	2015-01-12
	OLIN CORP	P	2011-09-16	2015-01-13
	ORACLE CORPORATION	P	2015-08-20	2015-09-25
	PACKAGING CORP	P	2014-09-23	2015-05-22
	PNC BANK	P	2014-06-16	2015-08-20
	REYNOLDS AMERICAN	P	2015-05-11	2015-08-20
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-01-07
	TEXAS INSTRS	P	2015-05-11	2015-05-22
	TRINITY INDUSTRIES	P	2015-05-11	2015-08-20
	UNION PAC CORP	P	2013-09-05	2015-08-21
	WELLS FARGO COMPANY	P	2013-09-05	2015-08-20
	ACCENTURE PLC	P	2015-01-13	2015-04-29
	ALLSTATE CORP	P	2014-03-12	2015-08-20
	AMGEN INC	P	2013-10-15	2015-03-24
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-15
	CMS ENERGY CORP	P	2013-04-03	2015-08-20
	DELTA AIR LINES	P	2013-04-03	2015-01-06
	DR PEPPER SNAPPLE GROUP	P	2014-11-25	2015-08-20
	EATON VANCE TAX MAN	P	2012-06-28	2015-04-29
	GENUINE PARTS	P	2014-02-04	2015-01-12
	HCA HOLDINGS	P	2014-11-24	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-15
	IBM	P	2014-01-07	2015-01-06
	IRON MTN INC	P	2015-01-13	2015-04-29
	KRAFT FOODS GROUP	P	2014-02-04	2015-04-24
	LOWES COS INC	P	2015-05-22	2015-08-21
	MAGNA INTL INC	P	2013-04-03	2015-12-07
	MFS GOVT MKTS INCOME	P	2015-01-13	2015-04-29
	NATIONAL HEALTH INVS	P	2014-02-04	2015-01-13
	OLIN CORP	P	2011-09-16	2015-01-13
	ORACLE CORPORATION	P	2015-08-20	2015-09-28
	PACKAGING CORP	P	2015-05-11	2015-05-22
	POTASH CORP	P	2015-01-12	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-23	2015-12-07
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-03-23
	TORTOISE ENERGY INFRASTRUCTURE	P	2014-12-22	2015-04-29
	TRINITY INDUSTRIES	P	2015-05-22	2015-08-20
	UNION PAC CORP	P	2013-10-15	2015-08-21
	WHIRLPOOL CORP	P	2015-05-11	2015-05-22
	AETNA INC	P	2015-05-11	2015-08-20
	ALLSTATE CORP	P	2013-11-27	2015-08-21
	APPLE COMPUTER	P	2013-10-15	2015-03-23
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-16
	COACH INC	P	2015-01-12	2015-04-29
	DELTA AIR LINES	P	2013-04-03	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2015-05-11	2015-08-20
	EATON VANCE TAX MAN	P	2014-02-04	2015-04-29
	GENUINE PARTS	P	2014-01-22	2015-04-29
	HCA HOLDINGS	P	2015-05-11	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-16
	IBM	P	2014-06-13	2015-01-06
	ISHARES S&P PFD	P	2014-02-04	2015-01-13
	KRANESHARES TR CHI	P	2015-01-13	2015-03-18
	LTC PPTYS	P	2013-05-23	2015-01-12
	MAGNA INTL INC	P	2013-09-05	2015-12-07
	MFS GOVT MKTS INCOME	P	2015-01-14	2015-04-29
	NATIONAL HEALTH INVS	P	2014-12-22	2015-01-13
	OLIN CORP	P	2011-09-16	2015-01-14
	ORACLE CORPORATION	P	2011-09-16	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-22
	POWERSHARES SENIOR LOAN	P	2014-12-22	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-23	2015-12-07
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-03-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-12	2015-04-29
	TRINITY INDUSTRIES	P	2014-06-16	2015-08-20
	UNITED TECHNOLOGIES	P	2014-09-23	2015-08-21
	WHIRLPOOL CORP	P	2013-10-15	2015-03-23
	AETNA INC	P	2014-03-12	2015-03-23
	ALPHABET INC	P	2015-09-25	2015-12-07
	ARTISAN INTERNATIONAL	P	2013-10-23	2015-04-21
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-20
	COACH INC	P	2015-01-13	2015-04-29
	DELTA AIR LINES	P	2013-09-05	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2014-11-24	2015-12-07
	EPR PPTYS	P	2014-12-22	2015-04-29
	GENUINE PARTS	P	2011-09-16	2015-01-12
	HCA HOLDINGS	P	2014-11-24	2015-08-21
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-20
	IBM	P	2013-10-15	2015-01-06
	ISHARES S&P PFD	P	2014-12-22	2015-01-13
	KROGER CO	P	2014-09-24	2015-01-07
	LTC PPTYS INC	P	2014-02-04	2015-01-13
	MAGNA INTL INC	P	2013-10-15	2015-12-07
	MFS GOVT MKTS INCOME	P	2015-01-15	2015-04-29
	NATIONAL HEALTH INVS	P	2011-09-16	2015-01-13
	OLIN CORP	P	2013-05-23	2015-01-14
	ORACLE CORPORATION	P	2011-09-16	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-22
	POWERSHARES SENIOR LOAN	P	2015-01-13	2015-04-29
	ROYAL CARRIBEAN CRUISES	P	2014-03-13	2015-01-06
	SUNTRUST BANK	P	2014-06-13	2015-08-21
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-13	2015-04-29
	TRINITY INDUSTRIES	P	2014-06-17	2015-08-20
	UNITED TECHNOLOGIES	P	2015-05-11	2015-08-21
	WHIRLPOOL CORP	P	2013-06-24	2015-05-22
	AETNA INC	P	2014-03-12	2015-08-20
	AMDOCS LTD	P	2014-03-13	2015-08-20
	ARTISAN PARNTERS ASSET MGMT	P	2015-01-13	2015-04-29
	BANCO LATINOAMERICAN	P	2011-09-16	2015-01-13
	CONOCOPHILLIPS	P	2014-09-23	2015-05-26
	DEVON ENERGY CORPORATION	P	2015-05-22	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2014-11-25	2015-12-07
	EPR PPTYS	P	2013-08-20	2015-04-29
	GENUINE PARTS	P	2011-09-16	2015-04-29
	HCA HOLDINGS	P	2014-11-24	2015-12-08
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-21
	IBM	P	2013-11-27	2015-01-06
	ISHARES S&P PFD	P	2011-09-16	2015-01-13
	KROGER CO	P	2014-09-24	2015-03-23
	LTC PPTYS INC	P	2011-09-16	2015-01-13
	MAGNA INTL INC	P	2014-09-23	2015-12-07
	MFS GOVT MKTS INCOME	P	2011-09-16	2015-04-29
	NATIONAL HEALTH INVS	P	2013-05-23	2015-01-13
	OMEGA HEALTHCARE	P	2014-02-04	2015-01-13
	ORACLE CORPORATION	P	2011-09-16	2015-09-25
	PACKAGING CORP	P	2014-03-12	2015-05-26
	POWERSHARES SENIOR LOAN	P	2012-09-10	2015-04-29
	ROYAL CARRIBEAN CRUISES	P	2014-03-13	2015-01-07
	SYMANTEC CORP	P	2014-09-11	2015-04-29
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-13	2015-04-29
	TRINITY INDUSTRIES	P	2014-06-17	2015-08-20
	UNITED TECHNOLOGIES CORP	P	2013-04-03	2015-08-21
	WHIRLPOOL CORP	P	2013-10-15	2015-05-22
	AIRCASTLE LTD	P	2014-02-04	2015-01-12
	AMERICAN HOMES 4 RENT	P	2014-07-17	2015-01-13
	ARTISAN PARTNERS ASSET MGMT	P	2015-01-12	2015-04-29
	BLACKROCK FDS II STRG	P	2013-05-06	2015-01-06
	CONOCOPHILLIPS	P	2015-05-11	2015-05-26
	DEVON ENERGY CORPORATION	P	2015-05-22	2015-08-21
	DU PONT E I DE NEMOURS	P	2014-02-04	2015-01-12
	EPR PPTYS	P	2013-08-20	2015-04-29
	GILEAD SCIENCES	P	2014-09-23	2015-05-22
	HCA HOLDINGS	P	2014-11-24	2015-12-08
	HOME DEPOT	P	2015-01-13	2015-04-29
	IBM	P	2011-09-16	2015-01-07
	ISHARES S&P PFD STK	P	2011-09-16	2015-04-29
	KROGER CO	P	2015-05-11	2015-12-07
	LTC PPTYS INC	P	2013-05-23	2015-01-13
	MCKESSON CORPORATION	P	2015-05-11	2015-12-07
	MFS GOVT MKTS INCOME	P	2014-02-04	2015-04-29
	NEW CASTLE INVESTMENT	P	2014-02-04	2015-01-14
	OMEGA HEALTHCARE	P	2014-12-22	2015-01-13
	ORACLE CORPORATION	P	2013-04-03	2015-09-25
	PACKAGING CORP	P	2014-03-12	2015-05-26
	POWERSHARES SENIOR LOAN	P	2014-02-04	2015-04-29
	ROYAL CARRIBEAN CRUISES	P	2015-05-11	2015-08-21
	SYMANTEC CORP	P	2014-12-22	2015-04-29
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-14	2015-04-29
	TYSON FOODS	P	2014-09-23	2015-03-23
	UNITED TECHNOLOGIES CORP	P	2013-09-05	2015-08-21
	WILLIAM BLAIR FDS	P	2014-06-25	2015-01-06
	AIRCASTLE LTD	P	2014-02-04	2015-01-13
	AMERICAN HOMES 4 RENT	P	2014-07-17	2015-04-29
	ARTISAN PARTNERS ASSET MGMT	P	2015-01-13	2015-04-29
	BLACKROCK FDS II STRG OPP	P	2014-09-29	2015-01-06
	CONOCOPHILLIPS	P	2013-04-03	2015-05-22
	DEVON ENERGY CORPORATION	P	2015-05-26	2015-08-21
	DU PONT E I DE NEMOURS	P	2014-12-22	2015-01-12
	EPR PPTYS	P	2014-02-04	2015-04-29
	GOLDMAN SACHS GROUP	P	2015-05-22	2015-08-20
	HELMERICH & PAYNE	P	2014-09-22	2015-01-07
	HONEYWELL INTL	P	2014-02-04	2015-01-12
	INTEL CORP	P	2014-09-22	2015-03-23
	ISHARES S&P PFD STK	P	2013-05-23	2015-04-29
	KROGER CO	P	2014-09-24	2015-12-07
	LYONDELLBASELL INDUSTRIES	P	2014-01-07	2015-05-22
	MCKESSON CORPORATION	P	2013-11-29	2015-03-23
	MICROCHIP TECHNOLOGY	P	2014-02-04	2015-01-12
	NEW RESIDENTIAL	P	2014-02-04	2015-01-12
	OMEGA HEALTHCARE	P	2015-05-11	2015-08-20
	ORACLE CORPORATION	P	2013-06-26	2015-09-25
	PACKAGING CORP	P	2014-03-12	2015-05-26
	RAYTHEON COMPANY	P	2013-11-27	2015-05-22
	ROYAL CARRIBEAN CRUISES	P	2014-03-13	2015-08-21
	T ROWE PRICE NEW HORIZONS	P	2013-10-23	2015-07-01
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-15	2015-04-29
	TYSON FOODS	P	2014-09-23	2015-03-24
	UNITED TECHNOLOGIES CORP	P	2013-10-15	2015-08-21
	WILLIAM BLAIR FDS	P	2014-10-31	2015-01-06
	AIRCASTLE LTD	P	2014-12-22	2015-04-29
	AMERICAN HOMES 4 RENT	P	2014-07-18	2015-04-29
	AT&T INC	P	2014-02-04	2015-01-12
	BOEING CO	P	2014-09-22	2015-03-23
	CONOCOPHILLIPS	P	2013-04-03	2015-05-26
	DIGITAL RLTY TR	P	2015-01-12	2015-04-29
	DU PONT E I DE NEMOURS	P	2011-09-16	2015-01-12
	GANNETT INC	P	2014-02-04	2015-01-13
	HANESBRANDS	P	2015-05-11	2015-08-21
	HELMERICH & PAYNE	P	2014-09-22	2015-01-08
	HONEYWELL INTL	P	2014-12-22	2015-04-29
	INTEL CORP	P	2014-09-22	2015-03-24
	JPMORGAN TR INCOME	P	2014-10-31	2015-04-01
	LINCOLN NATIONAL CORP	P	2014-03-12	2015-08-20
	LYONDELLBASELL INDUSTRIES	P	2014-01-07	2015-12-07
	MCKESSON CORPORATION	P	2013-11-27	2015-12-07
	MICROCHIP TECHNOLOGY	P	2014-12-22	2015-01-12
	NEW RESIDENTIAL INVT	P	2013-05-22	2015-01-12
	OMEGA HEALTHCARE	P	2015-05-22	2015-08-20
	ORACLE CORPORATION	P	2013-06-26	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-26
	RAYTHEON COMPANY	P	2013-11-29	2015-05-22
	SEAGATE TECHNOLOGY	P	2015-03-24	2015-08-21
	TE CONNECTIVITY	P	2014-06-16	2015-05-22
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	UBS ETRACS ALERIAN	P	2014-12-22	2015-04-29
	US EQUITY HIGH VOLATIL	P	2014-12-22	2015-04-29
	WILLIAM BLAIR FDS	P	2013-12-12	2015-01-06
	AIRCASTLE LTD	P	2013-05-29	2015-01-13
	AMERICAN HOMES 4 RENT	P	2014-07-21	2015-04-29
	AT&T INC	P	2014-12-22	2015-01-12
	BROADRIDGE FINANCIAL	P	2015-01-12	2015-03-23
	CONOCOPHILLIPS	P	2013-10-15	2015-05-26
	DIGITAL RLTY TR	P	2011-10-19	2015-04-29
	DU PONT E I DE NEMOURS	P	2011-09-16	2015-04-29
	GANNETT INC	P	2014-12-22	2015-04-29
	HANESBRANDS INC	P	2013-06-25	2015-03-23
	HELMERICH & PAYNE	P	2013-04-03	2015-01-08
	HONEYWELL INTL	P	2012-04-26	2015-01-12
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-25
	JPMORGAN TR INCOME	P	2014-10-31	2015-10-02
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	LYONDELLBASELL INDUSTRIES	P	2014-01-07	2015-12-08
	MCKESSON CORPORATION	P	2013-11-27	2015-12-07
	MICROCHIP TECHNOLOGY	P	2011-09-16	2015-01-12
	NEW RESIDENTIAL INVT	P	2013-05-22	2015-01-13
	OMEGA HEALTHCARE	P	2015-05-26	2015-08-20
	ORACLE CORPORATION	P	2013-09-05	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-26
	RAYTHEON COMPANY	P	2013-11-29	2015-05-26
	SEAGATE TECHNOLOGY	P	2015-05-11	2015-08-21
	TE CONNECTIVITY	P	2014-06-16	2015-05-22
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	UBS ETRACS ALERIAN	P	2015-01-13	2015-04-29
	US EQUITY HIGH VOLATIL	P	2015-01-13	2015-04-29
	AIRCASTLE LTD	P	2013-05-30	2015-01-13
	AMERICAN HOMES 4 RENT	P	2014-07-22	2015-04-29
	AT&T INC	P	2011-09-16	2015-01-12
	BROADRIDGE FINANCIAL	P	2015-01-12	2015-03-24
	CUMMINS ENGINE INC	P	2015-01-12	2015-04-29
	DIGITAL RLTY TR	P	2014-02-04	2015-04-29
	EATON CORP	P	2014-12-22	2015-04-29
	GANNETT INC	P	2013-02-25	2015-01-13
	HANESBRANDS INC	P	2013-06-25	2015-03-24
	HELMERICH & PAYNE	P	2013-10-15	2015-01-08
	HONEYWELL INTL	P	2012-09-07	2015-01-12
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-25
	JPMORGAN TR INCOME	P	2013-10-15	2015-04-01
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2014-09-23	2015-03-23
	MCKESSON CORPORATION	P	2013-11-27	2015-12-07
	MICROCHIP TECHNOLOGY	P	2013-12-13	2015-01-12
	NEW RESIDENTIAL INVT	P	2013-05-22	2015-01-14
	OMEGA HEALTHCARE	P	2015-05-26	2015-08-20
	ORACLE CORPORATION	P	2013-10-15	2015-09-25
	PAYCHEX	P	2015-01-12	2015-04-29
	REALTY INCOME	P	2014-02-04	2015-01-12
	SEAGATE TECHNOLOGY	P	2013-04-03	2015-08-20
	TE CONNECTIVITY	P	2015-05-11	2015-05-22
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	UBS ETRACS ALERIAN	P	2015-01-15	2015-04-29
	US EQUITY HIGH VOLATIL	P	2014-02-28	2015-04-29
	AIRCASTLE LTD	P	2013-05-29	2015-04-29
	AMERICAN HOMES 4 RENT	P	2014-07-30	2015-04-29
	AT&T INC	P	2013-05-23	2015-01-12
	CDW CORP	P	2014-11-25	2015-08-20
	CVS/CAREMARK	P	2013-10-15	2015-01-06
	DISCOVER FINANCIAL	P	2015-03-23	2015-05-22
	EATON CORP	P	2013-04-19	2015-04-29
	GANNETT INC	P	2013-02-25	2015-04-29
	HANESBRANDS INC	P	2013-06-25	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HONEYWELL INTL	P	2012-09-07	2015-04-29
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-28
	KIMBERLY CLARK CORP	P	2015-03-23	2015-12-07
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2015-05-11	2015-12-07
	MCKESSON CORPORATION	P	2013-11-29	2015-12-07
	MICROSOFT CORP	P	2015-05-22	2015-12-07
	NEW SENIOR INVESTMENT GROUP	P	2014-11-07	2015-01-13
	OMEGA HEALTHCARE	P	2011-10-19	2015-01-13
	OUTFRONT MEDIA	P	2015-01-13	2015-04-29
	PFIZER INC	P	2014-02-04	2015-01-12
	REALTY INCOME	P	2014-12-22	2015-01-12
	SEAGATE TECHNOLOGY	P	2013-09-05	2015-08-20
	TE CONNECTIVITY LTD	P	2014-06-16	2015-03-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	UBS ETRACS ALERIAN	P	2013-12-13	2015-04-29
	VANGUARD REIT ETF	P	2011-09-15	2015-04-01
	AIRCASTLE LTD	P	2013-05-29	2015-04-29
	AMERICAN HOMES 4 RENT	P	2014-07-31	2015-04-29
	AT&T INC	P	2013-05-23	2015-01-12
	CDW CORP	P	2015-05-11	2015-08-20
	DANA LARGE CAP EQUITY	P	2014-12-15	2015-04-01
	DISCOVER FINANCIAL	P	2015-05-11	2015-05-22
	EATON CORP	P	2014-02-04	2015-04-29
	GENERAL ELECTRIC	P	2014-12-22	2015-04-29
	HANESBRANDS INC	P	2013-09-05	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS	P	2014-12-22	2015-01-12
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-28
	KIMBERLY CLARK CORP	P	2015-05-11	2015-12-07
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2014-06-13	2015-12-07
	MCKESSON CORPORATION	P	2013-11-29	2015-12-07
	MYLAN N V SHS EURO	P	2015-03-23	2015-08-21
	NEW SENIOR INVESTMENT GROUP	P	2014-11-07	2015-01-13
	OMEGA HEALTHCARE	P	2011-10-19	2015-04-29
	OUTFRONT MEDIA	P	2015-01-13	2015-04-29
	PFIZER INC	P	2014-12-22	2015-01-12
	REALTY INCOME CORP	P	2011-09-16	2015-01-12
	SEAGATE TECHNOLOGY	P	2013-10-15	2015-08-20
	TESORO PETE CORP	P	2015-01-06	2015-03-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-21	2015-04-29
	UBS ETRACS ALERIAN	P	2014-02-04	2015-04-29
	WELLS FARGO ABSOLUTE	P	2014-04-24	2015-04-01
	ALLSTATE CORP	P	2015-05-11	2015-08-21
	AMERICAN HOMES 4 RENT	P	2014-12-22	2015-04-29
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-14
	CHEVRON CORP	P	2015-08-20	2015-12-07
	DANA LARGE CAP EQUITY	P	2014-12-15	2015-10-02
	DISCOVER FINANCIAL	P	2013-04-03	2015-05-22
	EATON CORP PLC	P	2013-04-19	2015-01-12
	GENERAL ELECTRIC	P	2013-02-07	2015-01-12
	HANESBRANDS INC	P	2013-06-24	2015-08-21
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS	P	2013-05-23	2015-01-12
	INTERNATIONAL PAPER CO	P	2015-05-26	2015-09-28
	KINDER MORGAN	P	2015-03-18	2015-04-29
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2014-06-13	2015-12-07
	MERCK & CO	P	2015-01-12	2015-04-29
	MYLAN N V SHS EURO	P	2015-03-23	2015-08-21
	NEWCASTLE INVESTMENT CORP	P	2013-05-14	2015-01-14
	OPPENHEIMER DVLPING MKTS	P	2015-05-07	2015-10-02
	OUTFRONT MEDIA	P	2015-01-14	2015-04-29
	PFIZER INC	P	2011-03-14	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-23	2015-05-26
	SEAGATE TECHNOLOGY	P	2013-04-03	2015-08-21
	TESORO PETE CORP	P	2015-01-06	2015-12-07
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2015-04-29
	UNION PAC CORP	P	2015-05-11	2015-08-21
	WELLS FARGO ABSOLUTE	P	2014-04-24	2015-10-02
	ALLSTATE CORP	P	2014-03-12	2015-03-23
	AMERICAN HOMES 4 RENT	P	2014-04-10	2015-04-29
	BANCO LATINO AMERICAN	P	2014-02-04	2015-01-12
	CISCO SYSTEMS	P	2015-01-12	2015-04-29
	DANA LARGE CAP EQUITY	P	2015-05-07	2015-10-02
	DISCOVER FINANCIAL	P	2013-10-15	2015-05-22
	EATON VANCE TAX MAN	P	2014-12-22	2015-04-29
	GENERAL ELECTRIC	P	2013-02-07	2015-04-29
	HANESBRANDS INC	P	2013-06-24	2015-08-24
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS TR	P	2011-10-20	2015-04-29
	INVESCO MORTGAGE CAPITAL	P	2014-02-04	2015-01-13
	KRAFT FOODS GROUP	P	2015-01-12	2015-04-24
	LINCOLN NATIONAL CORP	P	2013-10-15	2015-08-21
	MACYS INC	P	2014-09-23	2015-12-07
	METLIFE	P	2014-03-12	2015-01-06
	MYLAN N V SHS EURO	P	2015-05-11	2015-08-21
	OLIN CORP	P	2014-12-22	2015-01-13
	OPPENHEIMER DVLPING MKTS	P	2011-09-15	2015-10-02
	PACCAR INC	P	2015-08-20	2015-12-07
	PFIZER INC	P	2014-02-04	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-23	2015-08-20
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-01-06
	TESORO PETE CORP	P	2015-05-11	2015-12-07
	TRINITY INDUSTRIES	P	2015-01-06	2015-03-24
	UNION PAC CORP	P	2015-05-22	2015-08-21
	WELLS FARGO COMPANY	P	2015-03-23	2015-08-20

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	786	553	233
b	8,909	7,744	1,165
c	1,153	1,109	44
d	116	99	17
e	880	750	130
	180	186	-6
	14,857	14,836	21
	431	396	35
	431	431
	53	25	28
	88	57	31
	31	31
	1,531	1,992	-461
	88	37	51
	1,197	1,191	6
	864	776	88
	6,292	5,452	840
	1,329	1,208	121
	365	404	-39
	324	397	-73
	2,220	2,087	133
	287	282	5
	170	143	27
	1,057	562	495
	9,646	10,265	-619
	2,033	2,012	21
	6,119	4,921	1,198
	338	335	3
	3,388	3,220	168
	1,004	873	131
	333	231	102
	245	279	-34
	358	339	19
	1,307	1,256	51
	1,228	1,100	128
	466	428	38
	297	272	25
	1,404	1,251	153
	460	305	155
	311	249	62
	1,274	1,375	-101
	1,679	698	981
	437	453	-16
	230	225	5
	1,107	1,069	38
	75	69	6
	809	670	139
	1,153	1,243	-90
	1,411	1,302	109
	1,338	1,226	112
	340	306	34
	1,138	595	543
	222	218	4
	209	244	-35
	3,671	3,294	377
	564	420	144
	753	725	28
	376	334	42
	1,167	777	390
	738	460	278
	967	754	213
	2,797	905	1,892
	82	73	9
	96	57	39
	389	313	76
	881	695	186
	114	76	38
	626	761	-135
	2,513	2,735	-222
	177	102	75
	801	767	34
	6,914	4,640	2,274
	106	110	-4
	371	311	60
	1,927	1,656	271
	179	194	-15
	141	140	1
	3,595	3,931	-336
	750	574	176
	1,738	632	1,106
	434	451	-17
	938	1,135	-197
	699	627	72
	192	188	4
	359	329	30
	3,414	3,000	414
	1,405	783	622
	1,221	767	454
	655	655
	8,113	2,714	5,399
	246	231	15
	179	155	24
	272	319	-47
	352	309	43
	714	486	228
	1,095	1,276	-181
	515	491	24
	3,612	3,661	-49
	138	136	2
	3,544	3,249	295
	50	52	-2
	148	139	9
	1,256	1,084	172
	1,585	1,282	303
	2,823	2,879	-56
	169	168	1
	1,168	896	272
	1,527	558	969
	999	944	55
	990	1,590	-600
	1,036	1,166	-130
	1,188	790	398
	3,384	2,275	1,109
	1,542	1,290	252
	29,194	27,152	2,042
	898	562	336
	2,466	2,486	-20
	4,462	2,048	2,414
	1,567	1,234	333
	179	175	4
	973	543	430
	1,193	973	220
	1,293	886	407
	1,252	1,479	-227
	317	316	1
	1,550	1,262	288
	279	228	51
	613	595	18
	1,562	1,614	-52
	3,860	2,422	1,438
	274	296	-22
	613	495	118
	141	141
	265	264	1
	905	562	343
	1,216	1,166	50
	174	165	9
	3,649	5,882	-2,233
	94	118	-24
	8,271	4,824	3,447
	1,675	1,027	648
	1,596	1,223	373
	974	1,003	-29
	1,425	835	590
	1,538	1,907	-369
	2,372	3,851	-1,479
	461	366	95
	179	150	29
	3,177	1,899	1,278
	6,929	7,228	-299
	70	48	22
	782	899	-117
	317	297	20
	1,776	1,209	567
	2,650	1,532	1,118
	44	52	-8
	1,098	1,148	-50
	297	273	24
	555	408	147
	1,874	1,515	359
	140	143	-3
	2,920	3,014	-94
	908	562	346
	3,055	3,055
	738	697	41
	3,649	5,882	-2,233
	4,898	4,873	25
	962	658	304
	205	186	19
	150	150
	278	282	-4
	21,213	21,213
	128	132	-4
	2,497	4,054	-1,557
	297	249	48
	3,589	2,997	592
	1,235	1,167	68
	4,064	4,239	-175
	4,054	3,905	149
	3,720	4,100	-380
	5,227	4,871	356
	329	290	39
	140	136	4
	378	459	-81
	101	98	3
	8	78	-70
	342	315	27
	936	850	86
	1,187	1,218	-31
	241	249	-8
	259	218	41
	149	156	-7
	1,346	1,267	79
	1,778	1,662	116
	3,579	3,949	-370
	7,646	8,153	-507
	104	93	11
	871	851	20
	1,484	1,527	-43
	7,823	7,823
	3,718	3,419	299
	2,996	4,811	-1,815
	223	221	2
	359	298	61
	1,381	1,454	-73
	534	886	-352
	492	449	43
	1,064	1,183	-119
	399	408	-9
	535	342	193
	2,269	1,739	530
	1,384	993	391
	440	434	6
	100	100
	222	216	6
	144	121	23
	1,266	1,290	-24
	7,273	6,066	1,207
	2,242	1,329	913
	23,146	22,808	338
	217	207	10
	7,802	7,668	134
	1,601	1,806	-205
	468	511	-43
	219	187	32
	77	75	2
	201	194	7
	919	772	147
	1,858	1,740	118
	385	413	-28
	594	377	217
	403	348	55
	237	254	-17
	734	1,181	-447
	410	407	3
	7,253	8,141	-888
	1,712	1,716	-4
	322	311	11
	461	395	66
	945	825	120
	308	318	-10
	25	27	-2
	1,443	1,402	41
	900	754	146
	140	147	-7
	535	445	90
	1,884	2,115	-231
	5,737	5,049	688
	564	559	5
	616	623	-7
	141	136	5
	15,449	15,974	-525
	83	62	21
	26	25	1
	134	135	-1
	701	610	91
	769	862	-93
	2,183	1,992	191
	3,261	2,071	1,190
	314	287	27
	517	189	328
	4,649	4,538	111
	1,673	1,030	643
	2,975	4,089	-1,114
	20,790	21,690	-900
	676	576	100
	438	395	43
	3,024	2,640	384
	4,533	3,166	1,367
	126	135	-9
	74	72	2
	3,889	3,509	380
	210	216	-6
	1,267	1,067	200
	248	285	-37
	4,058	3,561	497
	695	685	10
	3,555	3,434	121
	188	186	2
	41	31	10
	51	50	1
	2,178	1,873	305
	483	422	61
	3,676	3,844	-168
	257	206	51
	139	138	1
	1,053	673	380
	2,949	1,095	1,854
	122	150	-28
	590	358	232
	2,009	2,761	-752
	1,678	1,690	-12
	3,618	3,147	471
	1,385	1,238	147
	4,914	4,291	623
	440	414	26
	937	1,037	-100
	111	108	3
	1,945	1,783	162
	3,276	3,158	118
	204	159	45
	197	147	50
	280	278	2
	478	470	8
	1,204	1,148	56
	2,630	2,625	5
	2,140	1,372	768
	102	100	2
	67	74	-7
	1,828	1,649	179
	1,415	889	526
	1,549	1,540	9
	3,136	2,408	728
	4,121	2,337	1,784
	1,093	450	643
	84	94	-10
	3,383	1,968	1,415
	1,104	1,540	-436
	1,458	1,312	146
	4,942	4,185	757
	155	264	-109
	1,702	1,490	212
	2,443	2,075	368
	17	18	-1
	1,965	695	1,270
	2,555	2,360	195
	33	31	2
	153	146	7
	4,326	3,464	862
	1,310	1,108	202
	521	513	8
	10,216	10,108	108
	3,710	2,342	1,368
	1,702	1,090	612
	256	250	6
	134	134
	117	111	6
	53,370	52,573	797
	298	298
	348	328	20
	216	206	10
	4,067	2,049	2,018
	154	154
	224	223	1
	2,444	3,452	-1,008
	243	221	22
	1,925	1,624	301
	2,719	4,018	-1,299
	1,513	1,324	189
	3,496	4,258	-762
	450	480	-30
	3,530	1,349	2,181
	726	668	58
	295	288	7
	2,242	1,429	813
	1,426	1,366	60
	2,456	1,931	525
	2,258	2,237	21
	868	900	-32
	3,655	3,781	-126
	186	202	-16
	154	147	7
	55	34	21
	1,208	1,123	85
	9,077	9,680	-603
	6,911	5,152	1,759
	197	168	29
	264	246	18
	5,087	2,102	2,985
	156	180	-24
	224	219	5
	677	952	-275
	3,229	3,080	149
	260	219	41
	5,515	8,151	-2,636
	4,090	4,231	-141
	7,201	8,771	-1,570
	106	1,898	-1,792
	10,173	12,302	-2,129
	813	760	53
	5,205	3,040	2,165
	825	789	36
	5,554	4,109	1,445
	1,323	858	465
	7,641	6,436	1,205
	175	215	-40
	4,629	5,100	-471
	1,514	1,167	347
	359	344	15
	258	224	34
	4,104	3,954	150
	50,027	54,044	-4,017
	2,204	1,930	274
	108	102	6
	2,642	2,194	448
	1,813	831	982
	14	16	-2
	3,323	2,384	939
	139	141	-2
	2,654	1,904	750
	780	661	119
	117	177	-60
	1,560	1,629	-69
	209	283	-74
	262	248	14
	6,366	6,805	-439
	12,148	15,140	-2,992
	411	378	33
	936	789	147
	70	37	33
	220	176	44
	2,277	1,677	600
	874	1,045	-171
	1,127	1,120	7

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			233
b			1,165
c			44
d			17
e			130
			-6
			21
			35

			28
			31

			-461
			51
			6
			88
			840
			121
			-39
			-73
			133
			5
			27
			495
			-619
			21
			1,198
			3
			168
			131
			102
			-34
			19
			51
			128
			38
			25
			153
			155
			62
			-101
			981
			-16
			5
			38
			6
			139
			-90
			109
			112
			34
			543
			4
			-35
			377
			144
			28
			42
			390
			278
			213
			1,892
			9
			39
			76
			186
			38
			-135
			-222
			75
			34
			2,274
			-4
			60
			271
			-15
			1
			-336
			176
			1,106
			-17
			-197
			72
			4
			30
			414
			622
			454

			5,399
			15
			24
			-47
			43
			228
			-181
			24
			-49
			2
			295
			-2
			9
			172
			303
			-56
			1
			272
			969
			55
			-600
			-130
			398
			1,109
			252
			2,042
			336
			-20
			2,414
			333
			4
			430
			220
			407
			-227
			1
			288
			51
			18
			-52
			1,438
			-22
			118

			1
			343
			50
			9
			-2,233
			-24
			3,447
			648
			373
			-29
			590
			-369
			-1,479
			95
			29
			1,278
			-299
			22
			-117
			20
			567
			1,118
			-8
			-50
			24
			147
			359
			-3
			-94
			346

			41
			-2,233
			25
			304
			19

			-4

			-4
			-1,557
			48
			592
			68
			-175
			149
			-380
			356
			39
			4
			-81
			3
			-70
			27
			86
			-31
			-8
			41
			-7
			79
			116
			-370
			-507
			11
			20
			-43

			299
			-1,815
			2
			61
			-73
			-352
			43
			-119
			-9
			193
			530
			391
			6

			6
			23
			-24
			1,207
			913
			338
			10
			134
			-205
			-43
			32
			2
			7
			147
			118
			-28
			217
			55
			-17
			-447
			3
			-888
			-4
			11
			66
			120
			-10
			-2
			41
			146
			-7
			90
			-231
			688
			5
			-7
			5
			-525
			21
			1
			-1
			91
			-93
			191
			1,190
			27
			328
			111
			643
			-1,114
			-900
			100
			43
			384
			1,367
			-9
			2
			380
			-6
			200
			-37
			497
			10
			121
			2
			10
			1
			305
			61
			-168
			51
			1
			380
			1,854
			-28
			232
			-752
			-12
			471
			147
			623
			26
			-100
			3
			162
			118
			45
			50
			2
			8
			56
			5
			768
			2
			-7
			179
			526
			9
			728
			1,784
			643
			-10
			1,415
			-436
			146
			757
			-109
			212
			368
			-1
			1,270
			195
			2
			7
			862
			202
			8
			108
			1,368
			612
			6

			6
			797

			20
			10
			2,018

			1
			-1,008
			22
			301
			-1,299
			189
			-762
			-30
			2,181
			58
			7
			813
			60
			525
			21
			-32
			-126
			-16
			7
			21
			85
			-603
			1,759
			29
			18
			2,985
			-24
			5
			-275
			149
			41
			-2,636
			-141
			-1,570
			-1,792
			-2,129
			53
			2,165
			36
			1,445
			465
			1,205
			-40
			-471
			347
			15
			34
			150
			-4,017
			274
			6
			448
			982
			-2
			939
			-2
			750
			119
			-60
			-69
			-74
			14
			-439
			-2,992
			33
			147
			33
			44
			600
			-171
			7

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	61,196
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	-14,264

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	75,800	1,493,263	0.050761
2013	79,276	1,222,398	0.064853
2012	67,300	1,382,432	0.048682
2011	71,200	1,476,305	0.048229
2010	59,050	1,357,932	0.043485

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

20.256010

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 . . .

0.051202

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

1,658,825

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

84,935

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

763

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

85,698

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

66,300

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	1,526
	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
3	Add lines 1 and 2...........................	3	1,526
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	1,526
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	7,601
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	7,601
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
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	6,075
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax6,075	Refunded	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

N/A

The books are in care of bullet

WILLIAM KNIGHT - EXECUTIVE DIRECTOR Telephone no. bullet

(919) 749-5254

Located at bullet

PO BOX 10788RALEIGHNC ZIP+4 bullet

27605

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
HOYT G TESSNER	PRESIDENT 2.00	0	0	0
2105 PRESCOTT PLACE RALEIGH,NC27615	PRESIDENT 2.00	0	0	0
MELANIE KNIGHT	VP 1.00	0	0	0
4017 LAKE POINT CIRCLE RALEIGH,NC27606	VP 1.00	0	0	0
CYNTHIA BUCKINGHAM	VP 1.00	0	0	0
7540 DRAYTON COURT RALEIGH,NC27615	VP 1.00	0	0	0
HOYT Q BAILEY	DIRECTOR 4.00	0	0	0
27 E RANDOLPH ST SHELBY,NC28150	DIRECTOR 4.00	0	0	0

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

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)

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

1,410,355

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

240,269

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

33,462

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

1,684,086

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

1,684,086

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

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

25,261

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

1,658,825

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

82,941

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

82,941

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

1,526

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

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

1,526

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

81,415

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

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

81,415

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

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

81,415

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 ..........

66,300

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

66,300

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

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

66,300

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)

	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7		81,415
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......	44,707
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $ 66,300
a Applied to 2014, but not more than line 2a	44,707
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.....		21,593
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........		59,822
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

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:

WILLIAM KNIGHT - EXECUTIVE DIRECTOR
PO BOX 10788
RALEIGH,NC27605
(919) 749-5254

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

APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT THE RECEPIENT IS AN EXEMPT CHARTIABLE ORGANIZATION AND FACTS TO SUPPORT THE NEED.

cAny submission deadlines:

NONE

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

NONE

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
BROTHERS IN CHRIST OUTREACH MINISTR PO BOX 1264 SHELBY,NC28151		501(C)3	NEEDY	2,000
CAROLINA TIGER RESCUE 1940 HANKS CHAPEL ROAD PITTSBORO,NC27312		501(C)3	ANIMALS	200
CLEVELAND COMMUNITY COLLEGE 137 S POST ROAD SHELBY,NC28152		501(C)3	SCHOLARSHIPS	26,300
FRIENDS OF FUNDAL PO BOX 99306 RALEIGH,NC27624		501(C)3	RELIEF SERVICES	500
GRACE CHRISTIAN ACADEMY 260 RANGE ROAD KINGS MOUNTAIN,NC28086		501(C)3	EDUCATION	1,000
NC STATE STUDENT AID ASSN PO BOX 37100 RALEIGH,NC27627		501(C)3	ONGOING PROGRAM	10,000
NC STATE UNIVERSITY ARTS CAMPUS BOX 7306 RALEIGH,NC27695		501(C)3	ART MUSEUM	2,500
PENLAND SCHOOL OF CRAFTS PO BOX 37 PENLAND,NC28765		501(C)3	ANNUAL GIVING	1,000
ROTARY CLUB OF SHELBY FOUNDATION PO BOX 2861 SHELBY,NC28151		501(C)3	CHILDRENS PROGRAMS	400
ROTARY FOUNDATION 916 ELIZABETH ROAD SHELBY,NC28150		501(C)3	PUBLIC SERVICE	1,200
WNCW PUBLIC RADIO PO BOX 804 SPINDALE,NC28160		501(C)3	ARTS & CULTURE	300
AMERICAN REGISTRY RADIOLOGIC TECH 1255 NORTHLAND DRIVE MENDOTA HEIGHTS,MN55120	N/A	501(C)3	EDUCATION	200
BEAVER DAM BAPTIST CHURCH 123 BEAVER DAM CHURCH RD SHELBY,NC28105	N/A	501(C)3	RELIGION	100
CHANGERS BASKETBALL 410 CHARLES ROAD SHELBY,NC28152	N/A	501(C)3	HUMAN SERVICES	1,100
CLEVELAND COUNTY ARTS COUNCIL 111 S WASHING STREET SHELBY,NC28150	N/A	501(C)	ARTS & CULTURE	1,000
COMMUNITY MATH ACADEMY PO BOX 687 SHELBY,NC28150	N/A	501(C)3	EDUCATION	500
CONNECT COMMIT TO CHANGE PO BOX 82 POLKVILLE,NC28136	N/A	501(C)3	HUMAN SERVICES	500
CREST CHORUS SING OUT ASSOCIATION 510 BIG OAK ROAD SHELBY,NC28150	N/A	501(C)3	EDUCATION	2,000
EASTSIDE ELEMENTARY SCHOOL 27151 ROPER ROAD BROOKSVILLE,FL34602	N/A	501(C)3	EDUCATION	9,500
K RAY HILL MINISTRY PO BOX 25942 RALEIGH,NC27611	N/A	501(C)3	RELIGION	5,000
UPPER CLEVELAND RESCUE 1032 W STAGE COACH TRAIL LAWNDALE,NC28090	N/A	501(C)3	HUMAN SERVICES	1,000
Total ................................. 3a				66,300

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 ...........			14	1,986
4 Dividends and interest from securities....			14	30,417
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			14	62,318
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aBELMONT 1 - US 321/74 BYPASS			16	11
bFIFTH THIRD INVESTMENT ACCT.			14	1,296
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				96,028

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

1396,028

(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

Name of organization BAILEY ENDOWMENT INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	HOYT Q BAILEY PO BOX 208 SHELBY, NC28151	$ 465,716	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization BAILEY ENDOWMENT INC		Employer identification number 56-1802700

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	STOCKS	$ 211,285	2015-08-13
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	3,050
ACCOUNTING FEES - FIFTH THIRD	200	200

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
CDW CORP	2014-11	PURCHASE	2015-12		1,103	877			226
EATON VANCE TAX MAN	2011-09	PURCHASE	2015-04		1,842	946			896

Description	Revenue and Expenses per Books	Net Investment Income
EXPENSES
MISCELLANEOUS EXPENSE FROM K-	256	256
MANAGEMENT FEES	14,813	14,813
POSTAGE	272
OFFICE SUPPLIES	497
BANK CHARGES	18
OUTSIDE CONTRACT SERVICES	3,750
DUES AND SUBSCRIPTIONS	969
MISCELLANEOUS EXPENSES	913


Name of organization BAILEY ENDOWMENT INC			Employer identification number 56-1802700
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
BELMONT 1 - US 321/74 BYPASS	11		11
FIFTH THIRD INVESTMENT ACCT.	1,296		1,296

Category	Amount	Net Investment Income
EXCISE TAX	1,526	1,526
FOREIGN TAX	190	190
PROPERTY TAX FROM K-1	301	301