Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 10-01-2015 , and ending 09-30-2016
Name of foundation
THE RAY M & MARY E LEE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3414 PEACHTREE ROAD NE Room STE 722
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30326
A Employer identification number

58-6049441
B Telephone number (see instructions)

(404) 842-1870
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,664,173J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 399 399  
4 Dividends and interest from securities... 166,199 166,199  
5a Gross rents............ 19,986 19,986  
b Net rental income or (loss) 19,986
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 230,434
b Gross sales price for all assets on line 6a 1,031,699
7 Capital gain net income (from Part IV, line 2)... 230,434
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 143 143  
12 Total. Add lines 1 through 11........ 417,161 417,161  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 76,000 19,000   57,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,000 500   1,500
c Other professional fees (attach schedule).... Click to see attachment 22,594 22,594    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,745      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,118 280   838
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,299 326   973
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 106,756 42,700   60,311
25 Contributions, gifts, grants paid....... 463,150 463,150
26 Total expenses and disbursements. Add lines 24 and 25 569,906 42,700   523,461
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -152,745
b Net investment income (if negative, enter -0-) 374,461
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,078 3,000 3,000
2 Savings and temporary cash investments......... 26,676 18,520 18,520
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   3,310 3,310
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,743,341 Click to see attachment7,592,301 8,199,343
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet61,810
Less: accumulated depreciation (attach schedule) bullet   61,810 Click to see attachment61,810 1,440,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,834,905 7,678,941 9,664,173
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,000  
23 Total liabilities (add lines 17 through 22)......... 2,000 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 7,254,876 7,254,876
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 578,029 424,065
30 Total net assets or fund balances (see instructions)..... 7,832,905 7,678,941
31 Total liabilities and net assets/fund balances (see instructions). 7,834,905 7,678,941
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,832,905
2
Enter amount from Part I, line 27a .....................
2
-152,745
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,680,160
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,219
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
7,678,941
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Vandguard Total Int Stk Indx P 2013-09-30 2016-09-21
b Vang Ttl Int Stk Indxx P 2013-09-30 2016-08-22
c VG Ttl Int Stk Indx P 2013-08-30 2016-06-10
d U S Growth Fund P 2013-08-30 2016-09-21
e U S Growth Fund P 2013-08-29 2016-08-22
U S Growth Fund P 2013-08-30 2016-06-10
US Growth Fund-CGDiv P 2013-08-30 2015-12-24
US Growth Fund P 2013-08-29 2015-11-30
Explorer Fund Admiral P 2013-08-30 2016-09-21
Explorer Fund Admiral P 2013-08-30 2016-08-22
ST CG VG Explorer Adm P 2015-09-30 2015-12-24
LT CG VG Explorer Fund P 2013-08-30 2015-12-24
Total Bond Market P 2013-08-30 2016-06-10
Total Bond Market P 2013-08-30 2016-03-28
Total Bond Market P 2013-08-30 2016-01-19
Total Bond Mkt P 2013-08-30 2015-12-18
Total Bond Mkt P 2013-08-30 2015-11-30
Windsor II Fund P 2014-09-30 2016-08-22
Windsor II Fund P 2014-09-30 2016-06-10
ST CG P 2015-09-30 2015-12-16
LT CG Windsor II Fund P 2014-09-30 2015-12-16
Windsor II Fund P 2015-09-30 2015-11-30
Total International Bond Fd P 2015-09-30 2016-09-21
Total International Bond Fd P 2015-09-30 2016-06-10
Total International Bond Fd P 2015-09-30 2016-03-28
Total International Bond Fund P 2015-09-30 2015-12-18
Intermediate-Term Inv Grade P 2015-09-30 2016-09-21
Intermediate-Term Inv Grade P 2015-09-30 2016-06-10
LT CG Inter-Term Inve Grade P 2015-09-30 2015-12-24
Int-Term Invest Grade P 2015-09-30 2015-12-18
Int-Term Inv Grade P 2015-09-30 2015-11-30
Short Term Inv Grade P 2015-09-30 2016-07-27
Short Term Inv Grade P 2015-09-30 2016-04-26
Short-Term inv Grade P 2015-09-30 2016-01-22
Short-Term Inv Grade P 2015-09-30 2015-12-18
Short-Term Inv Grade P 2015-09-30 2015-11-30
Strategic Equity Fund P 2015-09-30 2016-08-22
Strategic Equity Fund P 2015-09-30 2016-06-10
L T C G Div Strat Equity P 2015-09-30 2015-12-24
Strategic Equity Fund P 2015-09-30 2015-11-30
Ttl Stock Market Index P 2015-09-30 2016-08-22
Total Stock Mkt Index P 2015-09-30 2016-06-10
Ttl Stk Mkt Index P 2015-09-30 2015-11-30
Ttl Stk Mkt Index P 2015-09-30 2015-10-21
Explorer Fund Admiral P 2013-08-30 2016-06-10
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 5,400   5,504 -104
b 20,000   20,379 -379
c 87,625   93,510 -5,885
d 2,700   2,308 392
e 8,000   6,818 1,182
18,600   16,608 1,992
62,963     62,963
46,566   36,739 9,827
4,700   5,298 -598
5,000   5,648 -648
2,271     2,271
29,464     29,464
31,000   29,961 1,039
7,000   6,870 130
2,500   2,479 21
6,000   5,971 29
57,606   57,220 386
4,000   3,964 36
49,050   50,072 -1,022
3,833     3,833
37,678     37,678
15,433   14,971 462
2,800   2,560 240
27,500   25,386 2,114
8,000   7,479 521
5,000   4,794 206
1,400   1,361 39
25,000   24,425 575
1,213     1,213
5,000   5,046 -46
37,436   37,588 -152
5,589   5,540 49
5,721   5,719 2
5,713   5,770 -57
5,000   5,050 -50
23,568   23,716 -148
3,000   2,739 261
11,000   10,580 420
31,531     31,531
7,229   6,054 1,175
30,000   23,836 6,164
137,250   113,686 23,564
126,814   105,239 21,575
5,571   4,777 794
12,975   15,600 -2,625
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       -104
b       -379
c       -5,885
d       392
e       1,182
      1,992
      62,963
      9,827
      -598
      -648
      2,271
      29,464
      1,039
      130
      21
      29
      386
      36
      -1,022
      3,833
      37,678
      462
      240
      2,114
      521
      206
      39
      575
      1,213
      -46
      -152
      49
      2
      -57
      -50
      -148
      261
      420
      31,531
      1,175
      6,164
      23,564
      21,575
      794
      -2,625
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 230,434
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 96,556
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 460,646 10,044,715 000.045860
2013 454,784 9,675,381 000.047004
2012 430,701 9,322,682 000.046199
2011 447,703 8,785,985 000.050956
2010 399,707 8,971,309 000.044554
2
Total of line 1, column (d) .....................
2000.234573
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
000.046915
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,554,844
5
Multiply line 4 by line 3......................
5
448,266
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,745
7
Add lines 5 and 6........................
7
452,011
8
Enter qualifying distributions from Part XII, line 4.............
8
523,461
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,745
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,745
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,745
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 7,055
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.............. Part VI Line 7 - Tax Paid with the Original Return: 7055 7 7,055
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,310
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,310 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbullet   Telephone no.bullet (404) 842-1870

    Located atbullet3414 PEACHTREE ROAD SUITE 722ATLANTAGA ZIP+4bullet30326
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RONALD W GANN TRUSTEE
    002.00     		17,000    
    3414 PEACHTREE ROAD NE SUITE 722
    ATLANTA,GA30326
    DONALD D SMITH TRUSTEE
    004.00     		17,000    
    3414 PEACHTREE ROAD NE SUITE 722
    ATLANTA,GA30326
    LARRY B HOOKS ADMINISTRATOR
    005.00     		42,000    
    3414 PEACHTREE ROAD NE SUITE 722
    ATLANTA,GA30326
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 None 0
    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 None  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,220,349
    b
    Average of monthly cash balances.......................
    1b
    40,000
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,440,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,700,349
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,700,349
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    145,505
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,554,844
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    477,742
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    477,742
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,745
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,745
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    473,997
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    473,997
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    473,997
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment..........
    1a
    523,461
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    523,461
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    3,745
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    519,716
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 473,997
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 432,247
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 523,461
    a Applied to 2014, but not more than line 2a 432,247
    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..... 91,214
    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 ..........     		382,783
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    None
    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.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Action Ministries Inc
    17 Executive Park Dr Ste 540
    Atlanta,GA30329     		None PC Unrestricted Grant 15,000
    Atlanta Children's Shelter Inc
    P O Box 54322
    Atlanta,GA30308     		None PC Unrestricted Grant 10,000
    Angel Flight Soars Inc
    2000 Airport Rd Ste 227
    Atlanta,GA30341     		None PC Unrestricted Grant 3,000
    Atlanta Ballet
    1695 Marietta Blvd
    Atlanta,GA30318     		None PC Unrestricted Grant 10,000
    Atlanta Mission
    2353 Bolton Rd
    Atlanta,GA30318     		None PC Unrestricted Grant 15,000
    Atlanta Community Food Bank
    732 Joseph E Lowry Blvd NW
    Atlanta,GA30318     		None PC Unrestricted Grant 15,000
    Atlanta Botanical Garden
    1345 Piedmont Ave
    Atlanta,GA30309     		None PC Unrestricted Grant 5,000
    The Atlanta Opera
    1575 Northside Dr Ste 350
    Atlanta,GA30318     		None PC Unrestricted Grant 10,000
    Berry College
    P O Box 490039
    Mount Berry,GA30149     		None PC Unrestricted Grant 9,000
    Brenau University
    500 Washington St
    Gainesville,GA30501     		None PC Unrestricted Grant 9,000
    Atlanta History Center
    130 West Paces Ferry Road NW
    Atlanta,GA30305     		None PC Unrestricted Grant 5,000
    Camp Kudzu
    5885 Glenridge Dr Ste 160
    Atlanta,GA30328     		None PC Unrestricted Grant 3,000
    Camp Sunshine
    1850 Clairmont Rd
    Decatur,GA30033     		None PC Unrestricted Grant 3,000
    Camp Twin Lakes
    600 Means St Ste 110
    Atlanta,GA30318     		None PC Unrestricted Grant 3,000
    Children's Healthcare of Atlanta Foundation
    1577 Northeast Expressway
    Atlanta,GA30329     		None PC Unrestricted Grant 25,000
    Marietta Museum of HIstory
    1 Depot St
    Marietta,GA30060     		None PC Unrestricted Grant 5,000
    Crossroads Community Ministries Inc
    420 Courtland St
    Atlanta,GA30308     		None PC Unrestricted Grant 15,000
    CURE Childhood Cancer INc
    1117 Perimeter Center West N-402
    Atlant a,GA30338     		None PC Unrestricted Grant 10,000
    Eagle Ranch Inc
    P O Box 37200
    Chestnut Mtn,GA30502     		None PC Unrestricted Grant 25,000
    Emory University Winship Cancer Inst
    1440 CliftonRd Ste 170
    Atlanta,GA30332     		None PC Unrestricted Grant 25,000
    Foundation Center of Atlanta
    133 Peachtree St Ste 350
    Atlanta,GA30303     		None PC Unrestricted Grant 1,000
    Georgia Council on Economic Education
    P O Box 1619
    Atlanta,GA30301     		None PC Unrestricted Grant 3,000
    Fernbank Museum of Natural HIstory
    767 Clifton Road
    Atlanta,GA30307     		None PC Unrestricted Grant 10,000
    Georgia Public Broadcasting
    260 14th St
    Atlanta,GA30318     		None PC Unrestricted Grant 10,000
    Good Samaritan Health Center
    1015 Donald Lee Hollowell PWY
    Atlanta,GA30318     		None PC Unrestricted Grant 15,000
    Georgia Conservancy-The Biltmore
    817 West Peachtree St Ste 200
    Atlanta,GA30308     		None PC Unrestricted Grant 5,000
    Shepherd Center Foundation
    2020 Peachtree Rd NW
    Atlanta,GA30309     		None PC Unrestricted Grant 10,000
    Kennesaw State University
    3391 Town Point Drive Ste 4000 MD91
    Kennesaw,GA30144     		None PC Unrestricted Grant 9,000
    Alzheimer's Association
    41 Perimeter Center East Ste 550
    Atlanta,GA30346     		None PC Unrestricted Grant 10,000
    MUST Ministries Inc
    P O Box 1717
    Marietta,GA30061     		None PC Unrestricted Grant 15,000
    Hosea Feed the Hungry & Homeless
    1305 Donnelly Ave
    Atlanta,GA30310     		None PC Unrestricted Grant 15,000
    Paul Anderson Youth Home Inc
    P O Box 525
    Vidalia,GA30475     		None PC Unrestricted Grant 5,000
    Brewton-Parker College
    201 David-Eliza Fountain Circle
    Mount Vernon,GA30445     		None PC Unrestricted Grant 9,000
    Society of St Vincent de Paul Georgia
    2050-C Chamblee Tucker Rd
    Atlanta,GA30341     		None PC Unrestricted Grant 15,000
    Second Wind Retreat Inc
    2187 Devils Dens Rd
    Epworth,GA30541     		None PC Unrestricted Grant 5,000
    Senior Citizen Services
    1700 Commerce Dr NW
    Atlanta,GA30318     		None PC Unrestricted Grant 10,000
    St Simons Land Trust Inc
    4300 Paces Ferry Rd Ste 363
    Atlanta,GA30339     		None PC Unrestricted Grant 10,000
    Special Olympics Georgia
    4000 Dekalb Technology Pway Ste 400
    Atlanta,GA30340     		None PC Unrestricted Grant 3,000
    Visiting Nurse Health System
    5775 Glenridge Dr NE E 200
    Atlanta,GA30328     		None PC Unrestricted Grant 5,000
    The Robert Woodruff Arts Center Inc
    1280 Peachtree St
    Atlanta,GA30309     		None PC Unrestricted Grant 25,000
    Charity Navigator
    P O Box 6002
    Bellmawr,NJ08099     		None PC Unrestricted Grant 1,000
    United Negro College Fund INc
    229 Peachtree St NE Ste 2350
    Atlanta,GA30303     		None PC Unrestricted Grant 9,000
    UYC Maritime Foundation
    6649 Yacht Club Rd
    Flowery Branch,GA30542     		None PC Unrestricted Grant 10,000
    Zoo Atlanta
    800 Cherokee Ave SE
    Atlanta,GA30315     		None PC Unrestricted Grant 10,000
    Alice Lloyd College
    100 Purpose Road
    Pippa Passes,KY41844     		None PC Unrestricted Grant 9,000
    Georgia Center for Non-Profits
    100 Peachtree St NW ste 1500
    Atlanta,GA30303     		None PC Unrestricted Grant 1,000
    Ogelethorpe University
    4484 Peachtree Rd
    Atlanta,GA30319     		None PC Unrestricted Grant 9,000
    Exponent Philanthropy
    1720 N Street
    Washington,DC20036     		None PC Unrestricted Grant 750
    Southeastern Council of Foundations
    80 Hurt Plaza Ste 350
    Atlanta,GA30303     		None PC Unrestricted Grant 2,400
    Guidestar
    4801 Courthouse St
    Williamsburg,VA23188     		None PC Unrestricted Grant 1,000
    Total .................................bullet 3a 463,150
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		523920   14 399  
    4 Dividends and interest from securities.... 523920   14 166,199  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property..... 523920   16 19,986  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		523920   18 230,434  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aOther Income     		523920   18 143  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   417,161  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13417,161
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID: 15000290
    Software Version: 15.3.0.0
    Part VI Line 7 - Tax Paid with the Original Return: 7,055


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE RAY M & MARY E LEE FOUNDATION INC
     
    Employer identification number

    58-6049441
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE RAY M & MARY E LEE FOUNDATION INC
          		Employer identification number
    58-6049441
    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
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE RAY M & MARY E LEE FOUNDATION INC
          		Employer identification number

    58-6049441
    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
     
    		$    
    (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)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE RAY M & MARY E LEE FOUNDATION INC
          		Employer identification number

    58-6049441
    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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID: 15000290
    Software Version: 15.3.0.0

    TY 2015 AccountingFeesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Steve Tumlin, Jr., CPA 2,000 500   1,500

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount
    None  

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Vandguard Total Int Stk Indx 2013-09 P 2016-09  
    Mutual Fund sale     		5,400 5,504     -104  
    Vang Ttl Int Stk Indxx 2013-09 P 2016-08  
    Mutual Fund Sale     		20,000 20,379     -379  
    VG Ttl Int Stk Indx 2013-08 P 2016-06  
    Mutual Fund Sale     		87,625 93,510     -5,885  
    U S Growth Fund 2013-08 P 2016-09  
    Mutual Fund Sale     		2,700 2,308     392  
    U S Growth Fund 2013-08 P 2016-08  
    Mutual Fund Sale     		8,000 6,818     1,182  
    U S Growth Fund 2013-08 P 2016-06  
    Mutual Fund Sale     		18,600 16,608     1,992  
    US Growth Fund-CGDiv 2013-08 P 2015-12  
    Capital Gain Dividend     		62,963       62,963  
    US Growth Fund 2013-08 P 2015-11  
    Mutual Fund Sale     		46,566 36,739     9,827  
    Explorer Fund Admiral 2013-08 P 2016-09  
    Mutual Fund Sale     		4,700 5,298     -598  
    Explorer Fund Admiral 2013-08 P 2016-08  
    Mutual Fund Sale     		5,000 5,648     -648  
    ST CG VG Explorer Adm 2015-09 P 2015-12  
    ST CG Dividend     		2,271       2,271  
    LT CG VG Explorer Fund 2013-08 P 2015-12  
    LT CG Dividend     		29,464       29,464  
    Total Bond Market 2013-08 P 2016-06  
    Mutual Fund Sale     		31,000 29,961     1,039  
    Total Bond Market 2013-08 P 2016-03  
    Mutual Fund Sale     		7,000 6,870     130  
    Total Bond Market 2013-08 P 2016-01  
    Mutual Fund Sale     		2,500 2,479     21  
    Total Bond Mkt 2013-08 P 2015-12  
    Mutual Fund Sale     		6,000 5,971     29  
    Total Bond Mkt 2013-08 P 2015-11  
    Mutual Fund Sale     		57,606 57,220     386  
    Windsor II Fund 2014-09 P 2016-08  
    Mutual Fund Sale     		4,000 3,964     36  
    Windsor II Fund 2014-09 P 2016-06  
    Mutual Fund Sale     		49,050 50,072     -1,022  
    ST CG 2015-09 P 2015-12  
    C G Dividend     		3,833       3,833  
    LT CG Windsor II Fund 2014-09 P 2015-12  
    Cap Gain Dividend     		37,678       37,678  
    Windsor II Fund 2015-09 P 2015-11  
    Mutual Fund Sale     		15,433 14,971     462  
    Total International Bond Fd 2015-09 P 2016-09  
    Mutual Fund Sale     		2,800 2,560     240  
    Total International Bond Fd 2015-09 P 2016-06  
    Mutual Fund Sale     		27,500 25,386     2,114  
    Total International Bond Fd 2015-09 P 2016-03  
    Mutual Fund Sale     		8,000 7,479     521  
    Total International Bond Fund 2015-09 P 2015-12  
    Mutual Fund Sale     		5,000 4,794     206  
    Intermediate-Term Inv Grade 2015-09 P 2016-09  
    Mutual Fund Sale     		1,400 1,361     39  
    Intermediate-Term Inv Grade 2015-09 P 2016-06  
    Mutual Fund Sale     		25,000 24,425     575  
    LT CG Inter-Term Inve Grade 2015-09 P 2015-12  
    Cap Gain Dividend     		1,213       1,213  
    Int-Term Invest Grade 2015-09 P 2015-12  
    Mutual Fund Sale     		5,000 5,046     -46  
    Int-Term Inv Grade 2015-09 P 2015-11  
    Mutual Fund Sale     		37,436 37,588     -152  
    Short Term Inv Grade 2015-09 P 2016-07  
    Mutual Fund Sale     		5,589 5,540     49  
    Short Term Inv Grade 2015-09 P 2016-04  
    Mutual Fund Sale     		5,721 5,719     2  
    Short-Term inv Grade 2015-09 P 2016-01  
    Mutual Fund Sale     		5,713 5,770     -57  
    Short-Term Inv Grade 2015-09 P 2015-12  
    Mutual Fund Sale     		5,000 5,050     -50  
    Short-Term Inv Grade 2015-09 P 2015-11  
    Mutual Fund Sale     		23,568 23,716     -148  
    Strategic Equity Fund 2015-09 P 2016-08  
    Mutual Fund Sale     		3,000 2,739     261  
    Strategic Equity Fund 2015-09 P 2016-06  
    Mutual Fund Sale     		11,000 10,580     420  
    L T C G Div Strat Equity 2015-09 P 2015-12  
    Long Term C G Dividend     		31,531       31,531  
    Strategic Equity Fund 2015-09 P 2015-11  
    Mutual Fund Sale     		7,229 6,054     1,175  
    Ttl Stock Market Index 2015-09 P 2016-08  
    Mutual Fund Sale     		30,000 23,836     6,164  
    Total Stock Mkt Index 2015-09 P 2016-06  
    Mutual Fund Sale     		137,250 113,686     23,564  
    Ttl Stk Mkt Index 2015-09 P 2015-11  
    Mutual Fund Sale     		126,814 105,239     21,575  
    Ttl Stk Mkt Index 2015-09 P 2015-10  
    Mutual Fund Sale     		5,571 4,777     794  
    Explorer Fund Admiral 2013-08 P 2016-06  
    Mutual Fund Sale     		12,975 15,600     -2,625  

    TY 2015 GeneralExplanationAttachment
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Identifier Return Reference Explanation

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    4215 shares of EXPLORER FUNDS ADMIRAL 387,622 346,289
    34045 shares of INTER-TERM INVEST-GR ADMIRAL 333,381 343,851
    20410 shares of SHORT-TERM INVEST-GR ADMIRAL 218,116 220,022
    11433 shares of STRATEGIC EQUITY FUND 316,585 347,675
    21938 shares of TOT INTL BOND INDEX ADMIRAL 446,314 490,094
    77976 shares of TOT INTL STOCK INDEX ADMIRAL 2,015,451 1,975,112
    51687 shares of TOTAL BOND MKT ADMIRAL 550,181 572,176
    42407 shares of TOTAL STOCK MKT INDEX ADMIRAL 1,841,529 2,298,480
    10158 shares of US GROWTH FUND ADMIRAL 684,979 804,610
    12697 shares of WINDSOR II FUND ADMIRAL 798,143 801,034

    TY 2015 InvestmentsLandSchedule2
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Landmark Data Center 61,810   61,810 1,440,000

    TY 2015 LegalFeesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes


    TY 2015 OtherDecreasesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Description Amount
    Clearing of Items 1,219


    TY 2015 OtherExpensesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ga. Corp Registration Sec of State 30 8   22
    INSURANCE 1,020 255   765
    Misc 249 63   186


    TY 2015 OtherIncomeSchedule2
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Securities Litigation 143 143  


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Description Beginning of Year - Book Value End of Year - Book Value
    OUTSTANDING CHECKS 208 2013 2,000  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 22,594 22,594    


    TY 2015 TaxesSchedule
    Name:
    THE RAY M & MARY E LEE FOUNDATION INC
    EIN:
    58-6049441
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2015 Tax Paid from Estimate 3,745