Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
JOHN B & BROWNIE YOUNG MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

61-6025137
B Telephone number (see instructions)

(270) 689-2551
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$15,558,750J 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) 126,950
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 373,441 373,441  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 167,657
b Gross sales price for all assets on line 6a 10,319,768
7 Capital gain net income (from Part IV, line 2)... 167,657
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 19,108    
12 Total. Add lines 1 through 11........ 687,156 541,098  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 76,588 38,294   38,294
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 1,200     1,200
c Other professional fees (attach schedule).... 52,000     52,000
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 9,163 6,663   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications.......... 199 0 0 199
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 139,150 44,957 0 91,693
25 Contributions, gifts, grants paid....... 875,875 875,875
26 Total expenses and disbursements. Add lines 24 and 25 1,015,025 44,957 0 967,568
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -327,869
b Net investment income (if negative, enter -0-) 496,141
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets 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............. 5,293 10,150 10,150
2 Savings and temporary cash investments......... 147,901 282,837 282,837
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,160,805 8,369,630 8,356,367
c Investments—corporate bonds (attach schedule)....... 6,549,829 6,216,553 6,207,314
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,116,453 773,179 702,082
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) 15,980,281 15,652,349 15,558,750
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 15,980,281 15,652,349
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 15,980,281 15,652,349
31 Total liabilities and net assets/fund balances (see instructions). 15,980,281 15,652,349
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
15,980,281
2
Enter amount from Part I, line 27a .....................
2
-327,869
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,283
4
Add lines 1, 2, and 3 ..........................
4
15,659,695
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,346
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
15,652,349
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 25000. WILLIAMS PARTNERS LP/WIL DTD 12/13/2006   2014-01-22 2015-01-06
b 50000. WILLIAMS PARTNERS LP/WIL DTD 12/13/2006     2015-01-06
c 990. APPLE COMPUTER CORPORATION COMMON     2015-01-22
d 1150. BERKSHIRE HATHAWAY INC CL B COMMON     2015-01-22
e 3380. DARLING INTERNATIONAL INC COMMON     2015-01-22
1500. DARLING INTERNATIONAL INC COMMON   2014-03-10 2015-01-22
5030. EMC CORPORATION COMMON     2015-01-22
540. ISHARES TR S&P MIDCAP 400/BARRA GROWTH   2013-10-11 2015-01-22
820. ISHARES RUSSELL 2000 VALUE INDEX FD   2013-10-11 2015-01-22
1710. KROGER COMPANY COMMON   2014-03-10 2015-01-22
540. KROGER COMPANY COMMON   2013-10-11 2015-01-22
770. M & T BK CORP     2015-01-22
2320. METLIFE COMMON   2014-12-01 2015-01-22
1180. QUALCOMM INC COMMON     2015-01-22
280. QUALCOMM INC COMMON   2014-03-10 2015-01-22
510. SCHLUMBERGER LTD   2014-12-01 2015-01-22
710. SCHLUMBERGER LTD     2015-01-22
440. STERICYCLE INC     2015-01-22
490. STERICYCLE INC   2014-03-10 2015-01-22
1070. THOR INDS INC COMMON     2015-01-22
700. THOR INDS INC COMMON   2014-12-01 2015-01-22
1290. VARIAN MED SYS INC     2015-01-22
4280. WESTERN UNION COMPANY COMMON     2015-01-22
2580. WESTERN UNION COMPANY COMMON   2014-09-19 2015-01-22
50000. VALE OVERSEAS LIMITED DTD 09/15/09 5.625     2015-02-03
50000. VERIZON COMMUNICATIONS DTD 09/18/2013 FLTG RATE 2.042% 09/15/20     2015-03-09
75000. TIME WARNER INC DTD 11/13/06 5.875% 11/1     2015-03-10
75000. KRAFT FOODS INC DTD 08/13/07 6.5% 08/11/     2015-03-11
2160. AVISTA CORP   2015-01-22 2015-03-12
1690. CENTENE CORP   2013-11-21 2015-03-12
1930. CLEAN HARBORS INC COMMON     2015-03-12
2190. INTEL CORPORATION   2015-01-22 2015-03-12
4110. ISHARES MSCI EAFE GROWTH INDEX FUND   2013-10-11 2015-03-12
1550. LINCOLN NATL CORP IND   2015-01-22 2015-03-12
1200. MURPHY USA INC. COMMON   2014-11-06 2015-03-12
5850. NOW INC/DE COMMON   2015-01-22 2015-03-12
16986.363 PIMCO COMMODITY REAL RETURN STRATEGY INS   2015-01-27 2015-03-12
26708.413 PIMCO COMMODITY REAL RETURN STRATEGY INS     2015-03-12
370. POLARIS INDUSTRIES INC   2012-03-13 2015-03-12
920. VARIAN MED SYS INC   2013-11-21 2015-03-12
1660. VERIZON COMMUNICATIONS INC   2015-01-22 2015-03-12
150000. US TREASURY NOTE DTD 09/30/2010 1.875% 0   2014-08-11 2015-03-31
75000. AFLAC INC DTD 05/21/09 8.5% 05/15/2019     2015-04-13
1370. ATMOS ENERGY CORP COMMON   2015-01-22 2015-04-24
1320. BRINKER INTL INC COMMON   2015-01-22 2015-04-24
2780. HANESBRANDS INC COMMON     2015-04-24
3550. HOST MARRIOTT CORP NEW COM   2015-03-12 2015-04-24
4280. I SHARES EAFE INDEX FUND   2013-10-11 2015-04-24
50000. VALE OVERSEAS LIMITED DTD 09/15/09 5.625     2015-06-02
75000. BNP PARIBAS DTD 12/12/2013 1.25% 12/12/2     2015-06-16
25000. ILLINOIS ST TXBL-SER B DTD 01/20/2012 4   2014-02-20 2015-06-16
2250. AVISTA CORP   2015-04-24 2015-06-18
220. DOVER CORPORATION COMMON   2013-10-11 2015-06-18
25. HALYARD HEALTH INC COMMON   2013-10-11 2015-06-18
1720. MAGNA INTL INC COMMON   2015-01-22 2015-06-18
800. MEAD JOHNSON NUTRITION COMPANY COMMON   2015-01-22 2015-06-18
1800. MEADWESTVACO CORP.   2015-01-22 2015-06-18
1060. MURPHY USA INC. COMMON   2014-11-06 2015-06-18
62. PRICELINE GROUP INC/THE COMMON   2015-03-12 2015-06-18
1120. VISA INC CLASS A SHARES COMMON   2015-03-12 2015-06-18
610. CORE LABORATORIES N V   2015-04-24 2015-06-18
100000. AMERICAN INTL GROUP INC DTD 12/12/2007 5   2014-03-25 2015-07-15
100000. WACHOVIA CORP DTD 06/08/07 5.75% 06/15/2     2015-07-15
100000. ROYAL BANK OF SCOTLAND PLC DTD 08/17/201     2015-07-22
830. ISHARES MSCI EMERGING MKTS INDEX FUND   2013-10-11 2015-07-24
402. ISHARES TR S&P MIDCAP 400/BARRA GROWTH   2013-10-11 2015-07-24
730. ISHARES RUSSELL 2000 VALUE INDEX FD   2015-03-12 2015-07-24
2100. ISHARES RUSSELL 2000 VALUE INDEX FD   2013-10-11 2015-07-24
1431. ISHARES RUSSELL 2000 GROWTH   2013-10-11 2015-07-24
876. ISHARES TR S&P MIDCAP 400/BARRA VALUE   2013-10-11 2015-07-24
607. ISHARES MSCI EAFE SMALL CAP INDEX FUND   2014-03-10 2015-07-24
3219. ISHARES MSCI EAFE VALUE INDEX FUND   2013-10-11 2015-07-24
1380. ISHARES MSCI EAFE GROWTH INDEX FUND   2014-03-10 2015-07-24
4524. SPDR S&P WORLD EX-US ETF   2013-10-11 2015-07-24
4938. VANGUARD REIT VIPERS     2015-07-24
150000. FED FARM CREDIT BANK DTD 11/18/05 4.875%   2009-08-21 2015-08-18
50000. FED FARM CREDIT BANK DTD 11/18/05 4.875%   2009-08-21 2015-09-09
100000. FED FARM CREDIT BANK DTD 11/18/05 4.875%   2009-08-21 2015-09-23
45000. ENERGY TRANSFER PARTNERS DTD 05/12/2011 CALLABLE 4.65% 06/01/20   2014-10-17 2015-09-25
4198. AQR MANAGED FUTURES STRATEGY FUND INST C   2015-03-12 2015-10-16
190. AETNA INC NEW   2015-03-12 2015-10-16
280. ALLIANCE DATA SYSTEMS COMMON   2015-01-22 2015-10-16
2278. AVENUE CREDIT STRATEGIES FUND   2015-01-27 2015-10-16
1760. CINEMARK HOLDINGS INC COMMON   2015-03-12 2015-10-16
3920. COACH INC     2015-10-16
5080. DARLING INTERNATIONAL INC COMMON   2015-03-12 2015-10-16
4720. DARLING INTERNATIONAL INC COMMON   2014-03-10 2015-10-16
2880. EMC CORPORATION COMMON   2013-11-21 2015-10-16
1630. FLOWSERVE CORP COM   2015-01-22 2015-10-16
624. HANESBRANDS INC COMMON   2013-10-11 2015-10-16
764. THE IQ HEDGE MULTI-STRATEGY TRACKER ETF   2015-07-24 2015-10-16
1810. INTERNATIONAL PAPER COMPANY   2015-06-18 2015-10-16
21853.497 ADVISORY RESEARCH MLP & ENERGY INCOME FD     2015-10-16
8856.503 ADVISORY RESEARCH MLP & ENERGY INCOME FD   2015-03-12 2015-10-16
3427. ISHARES MSCI EMERGING MKTS INDEX FUND   2013-10-11 2015-10-16
182. ISHARES TR RUSSELL 1000 VALUE INDEX FUND   2013-10-11 2015-10-16
440. ISHARES TR S&P MIDCAP 400/BARRA GROWTH   2015-03-12 2015-10-16
398. ISHARES TR S&P MIDCAP 400/BARRA GROWTH   2013-10-11 2015-10-16
99. ISHARES RUSSELL 2000 GROWTH   2013-10-11 2015-10-16
1604. ISHARES TR S&P MIDCAP 400/BARRA VALUE   2013-10-11 2015-10-16
73. CEF ISHARES TR S&P   2015-07-24 2015-10-16
3305. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-07-24 2015-10-16
200. KIMBERLY CLARK CORPORATION   2013-10-11 2015-10-16
600. KROGER COMPANY COMMON   2014-03-10 2015-10-16
200. LOWES COMPANIES INCORPORATED   2015-06-18 2015-10-16
770. NORFOLK SOUTHERN CORPORATION   2015-01-22 2015-10-16
1380. QUALCOMM INC COMMON   2014-03-10 2015-10-16
100. S & P 500 DEPOSITARY RECEIPT COMMON   2013-10-11 2015-10-16
1020. SCHLUMBERGER LTD   2014-12-01 2015-10-16
790. SKYWORKS SOLUTIONS, INC. COMMON   2015-03-12 2015-10-16
1040. THE TIMKEN COMPANY COMMON     2015-10-16
1940. THE TIMKEN COMPANY COMMON   2015-01-22 2015-10-16
117. SCHOONER FUND-I   2015-07-28 2015-10-16
43. VANGUARD REIT VIPERS   2014-11-06 2015-10-16
15000. ILLINOIS ST TXBL-SER B DTD 01/20/2012 4   2014-02-20 2015-10-19
75000. US TREASURY NOTE DTD 09/30/2010 1.875% 0   2014-08-11 2015-10-21
75000. COMCAST CORP DTD 05/07/2008 5.7% 05/15/2018     2015-11-03
50000. FED FARM CREDIT BANK DTD 11/18/05 4.875%   2009-08-21 2015-11-03
75000. CITIGROUP INC DTD 05/22/2009 8.5% 05/22/     2015-11-06
471.741 AQR MANAGED FUTURES STRATEGY FUND INST C   2015-03-12 2015-11-23
35. DR PEPPER SNAPPLE GROUP COMMON   2015-10-16 2015-11-23
39. THE IQ HEDGE MULTI-STRATEGY TRACKER ETF   2015-07-24 2015-11-23
105. I SHARES EAFE INDEX FUND   2015-06-18 2015-11-23
67. ISHARES RUSSELL MIDCAP INDEX FUND   2015-07-24 2015-11-23
82. ISHARES TR RUSSELL 1000 VALUE INDEX FUND   2015-07-24 2015-11-23
129. ISHARES RUSSELL 1000 GROWTH INDEX   2013-10-11 2015-11-23
126. CEF ISHARES TR S&P   2015-07-24 2015-11-23
244. ISHARES MSCI EAFE SMALL CAP INDEX FUND   2014-03-10 2015-11-23
198. ISHARES MSCI EAFE GROWTH INDEX FUND   2014-03-10 2015-11-23
50. KIMBERLY CLARK CORPORATION   2015-03-12 2015-11-23
125. RAY JAMES FINANCIAL, INC. COMMON   2015-10-16 2015-11-23
65. S & P 500 DEPOSITARY RECEIPT COMMON   2013-10-11 2015-11-23
84. SPDR S&P WORLD EX-US ETF   2015-03-12 2015-11-23
15120.968 STERLING CAPITAL SECURITIZED OPPORTUNITI   2014-06-18 2015-11-23
150. SUNTRUST BANKS, INC. COMMON   2015-03-12 2015-11-23
685.313 SCHOONER FUND-I   2015-07-28 2015-11-23
400. VALERO ENERGY CORP   2015-04-24 2015-11-23
870. VARIAN MED SYS INC   2015-06-18 2015-11-23
3. VANGUARD REIT VIPERS   2014-11-06 2015-11-23
50000. ALTRIA GROUP INC DTD 05/05/2011 4.75% 05/05/202     2015-12-08
50000. SHELL INTERNATIONAL FIN DTD 09/22/09 4.3     2015-12-08
75000. AETNA INC DTD 03/07/2014 2.2% 03/15/2019   2014-03-04 2015-12-10
50000. FED FARM CREDIT BANK DTD 11/18/05 4.875%   2009-08-21 2015-12-16
CAPITAL GAIN DIVIDENDS P    
(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 27,565   27,747 -182
b 55,129   55,918 -789
c 110,534   46,650 63,884
d 171,287   131,151 40,136
e 58,373   59,324 -951
25,905   30,330 -4,425
142,417   121,433 20,984
87,453   75,717 11,736
81,266   76,232 5,034
114,982   74,853 40,129
36,310   22,502 13,808
89,089   89,002 87
115,331   126,014 -10,683
84,415   73,936 10,479
20,031   21,541 -1,510
41,482   42,871 -1,389
57,750   52,648 5,102
59,179   49,698 9,481
65,904   57,184 8,720
58,835   38,622 20,213
38,490   40,699 -2,209
112,761   92,576 20,185
74,218   66,595 7,623
44,739   43,100 1,639
53,013   53,898 -885
50,825   50,891 -66
80,843   80,968 -125
82,073   83,751 -1,678
71,490   80,349 -8,859
109,214   48,121 61,093
106,836   108,617 -1,781
67,666   80,410 -12,744
283,197   280,417 2,780
89,429   81,152 8,277
84,436   70,641 13,795
142,987   132,773 10,214
72,532   74,740 -2,208
114,045   198,794 -84,749
54,720   24,754 29,966
86,212   68,790 17,422
80,268   78,118 2,150
154,213   153,160 1,053
95,343   91,860 3,483
76,196   80,181 -3,985
75,783   81,614 -5,831
88,660   35,424 53,236
73,579   73,467 112
288,233   275,824 12,409
53,669   53,668 1
74,858   75,071 -213
25,750   25,573 177
71,231   76,818 -5,587
16,169   16,609 -440
1,078   803 275
99,415   81,469 17,946
73,506   80,567 -7,061
89,821   81,760 8,061
62,537   62,399 138
72,659   73,204 -545
77,593   75,316 2,277
71,958   75,373 -3,415
110,456   109,638 818
108,432   108,498 -66
112,520   109,487 3,033
30,788   35,528 -4,740
68,516   56,367 12,149
71,797   73,978 -2,181
206,541   195,229 11,312
221,720   180,567 41,153
109,382   96,210 13,172
31,093   31,970 -877
167,908   178,432 -10,524
97,548   98,000 -452
127,040   128,206 -1,166
385,354   380,101 5,253
152,250   157,465 -5,215
50,602   52,362 -1,760
101,041   104,633 -3,592
45,435   47,728 -2,293
45,716   47,983 -2,267
21,358   19,271 2,087
77,581   81,527 -3,946
22,826   24,397 -1,571
59,603   73,644 -14,041
114,109   148,429 -34,320
53,584   73,380 -19,796
49,787   95,438 -45,651
79,997   69,258 10,739
68,016   92,042 -24,026
17,960   9,382 8,578
22,229   22,581 -352
75,936   92,389 -16,453
233,832   248,913 -15,081
94,765   114,337 -19,572
123,901   146,693 -22,792
18,024   15,939 2,085
72,015   73,970 -1,955
65,141   55,806 9,335
13,953   12,492 1,461
195,206   176,165 19,041
8,202   8,468 -266
144,575   149,158 -4,583
23,416   18,526 4,890
22,395   13,132 9,263
14,540   14,084 456
60,418   81,366 -20,948
82,212   106,166 -23,954
20,275   17,015 3,260
74,837   85,741 -10,904
62,540   72,834 -10,294
29,739   40,124 -10,385
55,474   80,546 -25,072
2,739   2,820 -81
3,441   3,419 22
15,513   15,320 193
76,793   76,231 562
82,885   82,243 642
50,277   52,317 -2,040
91,315   89,435 1,880
5,170   5,392 -222
3,108   2,938 170
1,126   1,153 -27
6,380   6,965 -585
11,080   11,358 -278
8,270   8,391 -121
13,165   10,154 3,011
14,442   14,616 -174
12,254   12,851 -597
13,564   14,061 -497
6,062   5,253 809
7,218   6,533 685
13,626   11,060 2,566
2,243   2,343 -100
149,849   149,849  
6,558   6,368 190
15,543   16,516 -973
28,971   24,108 4,863
70,529   76,375 -5,846
238   239 -1
54,560   53,507 1,053
53,818   53,772 46
74,809   74,925 -116
50,000   52,317 -2,317
      6,155
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       -182
b       -789
c       63,884
d       40,136
e       -951
      -4,425
      20,984
      11,736
      5,034
      40,129
      13,808
      87
      -10,683
      10,479
      -1,510
      -1,389
      5,102
      9,481
      8,720
      20,213
      -2,209
      20,185
      7,623
      1,639
      -885
      -66
      -125
      -1,678
      -8,859
      61,093
      -1,781
      -12,744
      2,780
      8,277
      13,795
      10,214
      -2,208
      -84,749
      29,966
      17,422
      2,150
      1,053
      3,483
      -3,985
      -5,831
      53,236
      112
      12,409
      1
      -213
      177
      -5,587
      -440
      275
      17,946
      -7,061
      8,061
      138
      -545
      2,277
      -3,415
      818
      -66
      3,033
      -4,740
      12,149
      -2,181
      11,312
      41,153
      13,172
      -877
      -10,524
      -452
      -1,166
      5,253
      -5,215
      -1,760
      -3,592
      -2,293
      -2,267
      2,087
      -3,946
      -1,571
      -14,041
      -34,320
      -19,796
      -45,651
      10,739
      -24,026
      8,578
      -352
      -16,453
      -15,081
      -19,572
      -22,792
      2,085
      -1,955
      9,335
      1,461
      19,041
      -266
      -4,583
      4,890
      9,263
      456
      -20,948
      -23,954
      3,260
      -10,904
      -10,294
      -10,385
      -25,072
      -81
      22
      193
      562
      642
      -2,040
      1,880
      -222
      170
      -27
      -585
      -278
      -121
      3,011
      -174
      -597
      -497
      809
      685
      2,566
      -100
       
      190
      -973
      4,863
      -5,846
      -1
      1,053
      46
      -116
      -2,317
       
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 2 167,657
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 1,156,939 17,219,834 0.067186
2013 1,013,268 17,210,939 0.058873
2012 1,082,772 16,073,200 0.067365
2011 899,526 16,406,645 0.054827
2010 839,334 15,923,451 0.052711
2
Total of line 1, column (d) .....................
20.300962
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.060192
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
16,427,267
5
Multiply line 4 by line 3......................
5
988,790
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,961
7
Add lines 5 and 6........................
7
993,751
8
Enter qualifying distributions from Part XII, line 4.............
8
967,568
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 9,923
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 0
3 Add lines 1 and 2........................... 3 9,923
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,923
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 7,836
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,836
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 32
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,119
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 0
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)
    bulletKY
    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. Click to see attachment...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING AND TRUST COMPANY Telephone no.bullet (270) 689-2551

    Located atbullet230 FREDERICA STOWENSBOROKY ZIP+4bullet423013003
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    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
     
    No
    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
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    5     		76,588    
    230 FREDERICA ST
    OWENSBORO,KY423013003
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    16,388,896
    b
    Average of monthly cash balances.......................
    1b
    288,532
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,677,428
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    16,677,428
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    250,161
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,427,267
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    821,363
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    821,363
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    9,923
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,923
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    811,440
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    103,522
    5
    Add lines 3 and 4............................
    5
    914,962
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    914,962
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    967,568
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    967,568
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    967,568
    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 7 914,962
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 62,797
    b From 2011...... 102,025
    c From 2012...... 224,391
    d From 2013...... 41,036
    e From 2014...... 265,200
    fTotal of lines 3a through e........ 695,449
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 967,568
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 914,962
    e Remaining amount distributed out of corpus 52,606
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 748,055
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		62,797
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		685,258
    10 Analysis of line 9:
    a Excess from 2011.... 102,025
    b Excess from 2012.... 224,391
    c Excess from 2013.... 41,036
    d Excess from 2014.... 265,200
    e Excess from 2015.... 52,606
    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 e-mail address of the person to whom applications should be addressed:
    BBT WEALTH MGMT DIVISION
    230 FREDERICA ST - MC757-01-04-30
    OWENSBORO,KY423013003
    (270) 689-2551
    bThe form in which applications should be submitted and information and materials they should include:
    COMPLETED APPLICATION ALONG WITH TRANSCRIPT OF GRADES AND ACT/SAT SCORES
    cAny submission deadlines:
    ACADEMIC SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    UNMARRIED, FULL-TIME STUDENTS LOCATED IN OWENSBORO, KY, DAVIES CO, KY OR MCLEAN CO, KY SCHOOL DISTRICTS
    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
    ROSE-HULMAN INSTITUTE OF TECH
    MAIN CAMPUS
    TERRE HAUTE,IN47803     		NONE EXEMPT SCHOLARSHIP 250
    BELLARMINE UNIVERSITY
    2001 NEWBURG RD
    LOUISVILLE,KY40205     		NONE EXEMPT SCHOLARSHIPS 9,521
    BEREA COLLEGE
    101 CHESTNUT ST
    BEREA,KY40404     		NONE EXEMPT SCHOLARSHIPS 896
    DEPAUW UNIVERSITY
    PO BOX 37
    GREENVILLE,IN461350037     		NONE EXEMPT SCHOLARSHIPS 6,156
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		NONE EXEMPT SCHOLARSHIPS 8,074
    BRESCIA UNIVERSITY
    717 FREDERICA ST
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIP 18,880
    CENTRE COLLEGE
    600 WEST WALNUT ST
    DANVILLE,KY40422     		NONE EXEMPT SCHOLARSHIPS 4,867
    EASTERN KENTUCKY UNIVERSITY
    1 PENNINGTON LANE
    CORBIN,KY40701     		NONE EXEMPT SCHOLARSHIPS 10,788
    GEORGETOWN COLLEGE
    400 EAST COLLEGE ST
    GEORGETOWN,KY40324     		NONE EXEMPT SCHOLARSHIPS 5,542
    KENTUCKY WESLEYAN COLLEGE
    3000 FREDERICA ST
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIP 33,859
    LINDSEY WILSON COLLEGE
    210 LINDSEY WILSON ST
    COLUMBIA,KY42728     		NONE EXEMPT SCHOLARSHIPS 14,096
    MADISONVILLE COMMUNITY COLLEGE
    750 LAFFOON ST
    MADISONVILLE,KY42431     		NONE EXEMPT SCHOLARSHIPS 110
    MOREHEAD STATE UNIVERSITY
    150 UNIVERSITY BLVD
    MOREHEAD,KY40351     		NONE EXEMPT SCHOLARSHIPS 250
    MURRAY STATE UNIVERSITY
    102 CURRIS CENTER
    MURRAY,KY42071     		NONE EXEMPT SCHOLARSHIPS 24,104
    NORTHERN KENTUCKY UNIVERSITY
    NUNN DRIVE
    HIGHLAND HEIGHTS,KY41099     		NONE EXEMPT SCHOLARSHIPS 5,268
    OWENSBORO COMM & TECH COLLEGE
    4800 NEW HARTFORD RD
    OWENSBORO,KY42303     		NONE EXEMPT SCHOLARSHIP 21,166
    PURDUE UNIVERSITY
    475 STADIUM MALL DR
    WEST LAFAYETTE,IN47907     		NONE EXEMPT SCHOLARSHIPS 250
    TRANSYLVANIA UNIVERSITY
    300 N BROADWAY RD
    LEXINGTON,KY40508     		NONE EXEMPT SCHOLARSHIP 22,404
    UNIVERSITY OF EVANSVILLE
    1800 LINCOLN AVE
    EVANSVILLE,IN47714     		NONE EXEMPT SCHOLARSHIPS 7,662
    UNIVERSITY OF LOUISVILLE
    2301 S 3RD ST
    LOUISVILLE,KY40208     		NONE EXEMPT SCHOLARSHIPS 168,481
    UNIVERSITY OF KENTUCKY
    410 ADMINISTRATION DR
    LEXINGTON,KY40526     		NONE EXEMPT SCHOLARSHIPS 223,322
    UNIVERSITY OF SOUTHERN INDIANA
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		NONE EXEMPT SCHOLARSHIPS 22,064
    VANDERBILT UNIVERSITY
    2305 WEST END AVE
    NASHVILLE,TN37203     		NONE EXEMPT SCHOLARSHIPS 250
    WESTERN KENTUCKY UNIVERSITY
    1906 COLLEGE HEIGHTS BLVD
    BOWLING GREEN,KY421011018     		NONE EXEMPT SCHOLARSHIP 144,021
    HENDERSON COMMUNITY COLLEGE
    2660 S GREEN STREET
    HENDERSON,KY42420     		NONE EXEMPT SCHOLARSHIP 250
    OWENSBORO CATHOLIC SCHOOL
    1524 W PARRISH AVE
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIPS 1,000
    DAVIEES COUNTY BOARD OF EDUCATION
    1622 SOUTHEASTERN PARKWAY
    OWENSBORO,KY42303     		NONE EXEMPT SCHOLARSHIPS 1,500
    MCLEAN COUNTY BOARD OF EDUCATION
    283 MAIN ST
    CALHOUN,KY42327     		NONE EXEMPT SCHOLARSHIPS 500
    UNIVERSITY OF ALABAMA
    BOX 870132
    TUSCALOOSA,AL35487     		NONE EXEMPT SCHOLARSHIPS 750
    UNIVERSITY OF CUMBERLANDS
    6174 COLLEGE STATION DR
    WILLIAMSBURG,KY407691372     		NONE EXEMPT SCHOLARSHIPS 3,400
    AUBURN UNIVERSITY
    108 MARY MARTIN HALL
    AUBURN,AL36849     		NONE EXEMPT SCHOLARSHIPS 18,200
    OWENSBORO BOARD OF EDUCATION
    1335 WEST ELEVENTH STREET
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIP 500
    ILLINOIS INSTITUTE OF TECHNOLOGY
    3300 S FEDERAL STREET
    CHICAGO,IL60616     		NONE EXEMPT SCHOLARSHIPS 5,500
    SOUTHEAST MISSOURI STATE UNIVERSITY
    1 UNIVERSITY PLAZA
    CAPE GIRARDEAU,MO63701     		NONE EXEMPT SCHOLARSHIPS 1,988
    NC STATE UNIVERSITY
    1008 HARRIS HALL BOX 7313
    RALEIGH,NC276957313     		NONE EXEMPT SCHOLARSHIPS 250
    OAKLAND CITY UNIVERSITY
    138 N LUCRETIA STREET
    OAKLAND CITY,IN47660     		NONE EXEMPT SCHOLARSHIPS 250
    BENNINGTON COLLEGE
    1 COLLEGE DRIVE
    BENNINGTON,VT05201     		NONE EXEMPT SCHOLARSHIPS 16,300
    CHRISTENDOM COLLEGE
    134 CHRISTENDOM DRIVE
    FORT ROYAL,VA22630     		NONE EXEMPT SCHOLARSHIPS 10,164
    COLLEGE OF CHARLESTON
    66 GEORGE ST
    CHARLESTON,SC29424     		NONE EXEMPT SCHOLARSHIPS 8,942
    EVANGEL UNIVERSITY
    1111 N GLENSTONE AVE
    SPRINGFIELD,MO65802     		NONE EXEMPT SCHOLARSHIPS 4,756
    GALLAUDET UNIVERSITY
    800 FLORIDA AVE NE
    WASHINGTON,DC20002     		NONE EXEMPT SCHOLARSHIPS 12,446
    GREEN RIVER COMMUNITY COLLEGE
    12401 SE 320TH ST
    AUBURN,WA98092     		NONE EXEMPT SCHOLARSHIPS 250
    LOYOLA UNIVERSITY CHICAGO
    1032 W SHERIDAN RD
    CHICAGO,IL60660     		NONE EXEMPT SCHOLARSHIPS 250
    PENSACOLA CHRISTIAN COLLEGE
    250 BRENT LANE
    PENSACOLA,FL32503     		NONE EXEMPT SCHOLARSHIPS 594
    UNIVERSITY OF ALABAMA IN HUNTSVILLE
    301 SPARKMAN DR NW
    HUNTSVILLE,AL35899     		NONE EXEMPT SCHOLARSHIPS 250
    UNIVERSITY OF MISSISSIPPI
    PO BOX 1848
    UNIVERSITY,MS38677     		NONE EXEMPT SCHOLARSHIPS 4,470
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY JHH 324
    LOS ANGELES,CA900890914     		NONE EXEMPT SCHOLARSHIPS 13,454
    UNIVERSITY OF TENNESSEE
    1015 VOLUNTEER BLVD
    KNOXVILLE,TN37996     		NONE EXEMPT SCHOLARSHIPS 250
    WALLACE STATE COMMUNITY COLLEGE
    801 MAIN STREET NW
    HANCEVILLE,AL35077     		NONE EXEMPT SCHOLARSHIPS 250
    WILLIAM PENN UNIVERSITY
    201 W TRUEBLOOK AVE
    OAKALOOSA,IA52577     		NONE EXEMPT SCHOLARSHIPS 1,756
    UNIVERSITY OF ADVANCING TECHNOLOGY
    2625 W BASELINE ROAD
    TEMPE,AZ85283     		NONE EXEMPT SCHOLARSHIPS 15,374
    Total .................................bullet 3a 875,875
    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 ...........     		         
    4 Dividends and interest from securities....     14 373,441  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 167,657  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 19,108  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   560,206  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13560,206
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
     
    Employer identification number

    61-6025137
    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
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
          		Employer identification number
    61-6025137
    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
    GATES YOUNG TRUST
     

       
    PO BOX 94715
     
    CLEVELAND, OH44101

    		$ 23,428


    (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
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
          		Employer identification number

    61-6025137
    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
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
          		Employer identification number

    61-6025137
    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:  
    Software Version:  

    TY 2015 OtherDecreasesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Amount
    ACCRUED INTEREST PAID CURRENT YEAR 1,159
    COST BASIS ADJUSTMENTS 6,185
    ROUNDING 2


    TY 2015 OtherIncreasesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Amount
    ADJ FOR MUTUAL FUND REC/REPORTED 6,940
    ACCRUED INTEREST PAID PRIOR YEAR 343


    TY 2015 SubstantialContributorsSch
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Name Address
    GATES YOUNG TRUST
          		PO BOX 94715
    CLEVELAND,OH44101