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
THE CHARLES C MATTHEWS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 427
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARTHAGE, TX75633
A Employer identification number

75-2741045
B Telephone number (see instructions)

(903) 693-7837
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$14,704,864J 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 332 332 332
4 Dividends and interest from securities... 344,315 198,739 344,315
5a Gross rents............ 7,000 7,000 7,000
b Net rental income or (loss) 7,000
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 81,101
b Gross sales price for all assets on line 6a 1,042,562
7 Capital gain net income (from Part IV, line 2)... 70,106
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 414,020 413,946 414,020
12 Total. Add lines 1 through 11........ 846,768 690,123 765,667
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 234,000 93,600    
14 Other employee salaries and wages...... 4,110      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 18,000 4,500   4,500
b Accounting fees (attach schedule)....... Click to see attachment 9,000 8,100   900
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,136 940    
19 Depreciation (attach schedule) and depletion... Click to see attachment 35,867    
20 Occupancy.............. 2,120 848    
21 Travel, conferences, and meetings....... 4,444      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 90,362 62,413    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 416,039 170,401   5,400
25 Contributions, gifts, grants paid....... 721,935 721,935
26 Total expenses and disbursements. Add lines 24 and 25 1,137,974 170,401   727,335
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -291,206
b Net investment income (if negative, enter -0-) 519,722
c Adjusted net income (if negative, enter -0-)... 765,667
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 410,415 163,686 163,686
3 Accounts receivable bullet152
Less: allowance for doubtful accounts bullet     152 152
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.......... 20,200 6,739 6,739
10a Investments—U.S. and state government obligations (attach schedule) 1,760,361 Click to see attachment1,717,041 1,769,893
b Investments—corporate stock (attach schedule)....... 1,578,518 Click to see attachment1,573,714 1,950,686
c Investments—corporate bonds (attach schedule)....... 101,704 Click to see attachment101,611 100,772
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,724,114 Click to see attachment8,521,086 8,285,900
14 Land, buildings, and equipment: basis bullet2,389,130
Less: accumulated depreciation (attach schedule) bullet113,333 2,068,626 Click to see attachment2,275,797 2,275,796
15 Other assets (describe bullet) Click to see attachment152,990 Click to see attachment151,240 Click to see attachment151,240
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,816,928 14,511,066 14,704,864
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 14,816,928 14,511,066
30 Total net assets or fund balances (see instructions)..... 14,816,928 14,511,066
31 Total liabilities and net assets/fund balances (see instructions). 14,816,928 14,511,066
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
14,816,928
2
Enter amount from Part I, line 27a .....................
2
-291,206
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
14,525,722
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
14,656
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
14,511,066
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 70,106
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 754,460 15,033,669 0.050185
2013 361,750 15,119,057 0.023927
2012 356,545 12,992,047 0.027443
2011 335,000 11,165,408 0.030003
2010 390,004 5,484,857 0.071106
2
Total of line 1, column (d) .....................
20.202664
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
0.040533
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
14,607,975
5
Multiply line 4 by line 3......................
5
592,105
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,197
7
Add lines 5 and 6........................
7
597,302
8
Enter qualifying distributions from Part XII, line 4.............
8
727,335
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 5,197
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 5,197
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 5,197
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 11,936
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,936
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 6,739
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet6,739 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)
    bulletTX
    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 ofbulletRAYMOND C SCHIEFFER PC CPA Telephone no.bullet (903) 693-7837

    Located atbullet1146 W PANOLACARTHAGETX ZIP+4bullet75633
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    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
    ROBERT M UNDERWOOD TRUSTEE
    2.00     		39,000 0 0
    PO BOX 1138
    CARTHAGE,TX75633
    RICHARD BALLENGER TRUSTEE
    2.00     		39,000 0 0
    1276 STATE HWY 149
    CARTHAGE,TX75633
    JOHN W CONWAY TRUSTEE
    2.00     		39,000 0 0
    508 WESTPARKN LANE
    CARTHAGE,TX75633
    JIMMY D PAYNE TRUSTEE
    2.00     		39,000 0 0
    CR 304
    CARTHAGE,TX75633
    DAVID BUSH TRUSTEE
    2.00     		39,000 0 0
    665 CR 403
    CARTHAGE,TX75633
    VERMOYN D REEDER TRUSTEE
    2.00     		39,000 0 0
    110 CR 1081
    CARTHAGE,TX75633
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,578,472
    b
    Average of monthly cash balances.......................
    1b
    272,487
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,979,472
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,830,431
    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
    14,830,431
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    222,456
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,607,975
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    730,399
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    730,399
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    5,197
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,197
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    725,202
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    725,202
    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
    725,202
    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
    727,335
    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
    727,335
    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
    5,197
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    722,138
    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 7 725,202
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 717,305
    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$ 727,335
    a Applied to 2014, but not more than line 2a 717,305
    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..... 10,030
    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 ..........     		715,172
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    MISSION CARTHAGE INC
    MISSION CARTHAGE INC
    940 E SABINE
    940 E SABINE
    CARTHAGE,TX75633     		NONE PBLC CHARITY DONATION 33,000
    BECKVILLE ISD FOUNDATION
    BECKVILLE ISD FOUNDATION
    1 BEARCAT DR
    1 BEARCAT DR
    BECKVILLE,TX75631     		NONE ED FDN DONATION 40,000
    CARTHAGE ISD FOUNDATION
    CARTHAGE ISD FOUNDATION
    1 BULLDOG DR
    1 BULLDOG DR
    CARTHAGE,TX75633     		NONE ED FDN DONATION 137,500
    FIRST UNITED METHODIST CHURCH
    FIRST UNITED METHODIST CHURCH
    201 S SHELBY
    201 S SHELBY
    CARTHAGE,TX75633     		NONE RELIGIOUS DONATION 33,000
    GARY INDEPENDENT SCHOOL DISTRICT
    GARY INDEPENDENT SCHOOL DISTRICT
    132 BOBCAT TRAIL
    132 BOBCAT TRAIL
    GARY,TX75643     		NONE EDUCATION SCHOLARSHIPS 18,500
    PANOLA COLLEGE
    PANOLA COLLEGE
    1109 W PANOLA
    1109 W PANOLA
    CARTHAGE,TX75633     		NONE EDUCATION STUDENT CENTER BLDG 375,000
    PANOLA COLLEGE
    PANOLA COLLEGE
    1109 W PANOLA
    1109 W PANOLA
    CARTHAGE,TX75633     		NONE EDUCATION SCHOLARSHIP 890
    NEW DESTINATIONS INC
    NEW DESTINATIONS INC
    PO BOX 1515
    PO BOX 1515
    CARTHAGE,TX75633     		NONE PUB CHARITY DONATION 5,500
    ST JUDE'S CHILDREN RESEARCH CENTER
    ST JUDE'S CHILDREN RESEARCH CENTER
    501 ST JUDE PLACE
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PUB CHARITY DONATION 5,000
    STILL WATER COWBOY CHURCH
    STILL WATER COWBOY CHURCH
    PO BOX 166
    PO BOX 166
    CARTHAGE,TX75633     		NONE RELIGIOUS DONATION 15,000
    PANOLA CNTY HIST & GENELOGICAL SCTY
    PANOLA CNTY HIST & GENELOCIAL SOCIETY
    100 EAST SABINE
    100 EAST SABINE
    CARTHAGE,TX75633     		NONE PUB CHARITY DONATION 5,500
    AMERICAN RED CROSS
    AMERICAN RED CROSS
    2025 E STREET NW
    2025 E STREET NW
    WASHINGTON,DC20006     		NONE PUB CHARITY DONATION 5,000
    PANOLA COUNTY SHRINE CLUB
    PANOLA COUNTY SHRINE CLUB
    10027 STATE HWY 31 E
    10027 STATE HWY 31 E
    TYLER,TX75705     		NONE PUB CHARITY DONATION 5,000
    PROJECT STRING POWER
    PROJECT STRING POWER
    1128 OAKWOOD DRIVE
    1128 OAKWOOD DRIVE
    CARTHAGE,TX75633     		NONE PUB CHARITY DONATION 2,500
    NORTHSIDE CHRISTIAN ACADEMY
    NORTHSIDE CHRISTIAN ACADEMY
    108 E ASH STREET
    108 E ASH STREET
    CARTHAGE,TX75633     		NONE ED FDN DONATION 2,500
    PANOLA COUNTY 4-H
    PANOLA COUNTY 4-H
    522 W COLLEGE ST
    522 W COLLEGE ST
    CARTHAGE,TX75633     		NONE PUB CHARITY DONATION 5,000
    FOOTPRINTS IN THE SAND
    FOOTPRINTS IN THE SAND
    1501 W SABINE
    1501 W SABINE
    CARTHAGE,TX75633     		NONE PUB CHARITY DONATION 10,000
    CARTHAGE ISD ATHLETIC DEPT
    CARTHAGE ISD ATHLETIC DEPT
    1 BULLDOG DR
    1 BULLDOG DR
    CARTHAGE,TX75633     		NONE EDUCATION DONATION 3,500
    TEXAS LIONS CAMP
    TEXAS LIONS CAMP
    4100 SAN ANTONIO HWY
    4100 SAN ANTONIO HWY
    KERRVILLE,TX78028     		NONE PUB CHARITY DONATION 2,000
    LIONS CLUB INTL
    LIONS CLUB INTL
    300 W 22ND ST
    300 W 22ND ST
    OAK BROOK,IL60523     		NONE PUB CHARITY DONATION 7,770
    IZZY INTL GOLF TOURNAMENT
    IZZY INTL GOLF TOURNAMENT
    110 W PANOLA
    110 W PANOLA
    CARTHAGE,TX75633     		NONE PUB CHARITY DONATION 1,000
    NEW LIFE BAPTIST CHURCH
    NEW LIFE BAPTIST CHURCH
    3575 CR 384
    3575 CR 384
    TYLER,TX75708     		NONE RELIGIOUS DONATION 5,000
    STRENGTH FOR SERVICE INC
    STRENGTH FOR SERVICE INC
    1000 17TH AVE S
    1000 17TH AVE S
    NASHVILLE,TN37212     		NONE RELIGIOUS DONATION 1,275
    CASA
    CASA
    203 EAST AUSTIN
    203 EAST AUSTIN
    MARSHALL,TX75670     		NONE PUB CHARITY DONATION 1,000
    PANOLA CNTY GO TEXAS
    PANOLA CNTY GO TEXAN
    PO BOX 12076
    PO BOX 12076
    AUSTIN,TX78711     		NONE PUB CHARITY DONATION 500
    RELAY FOR LIFE- AMER CANCER SOCIETY
    RELAY FOR LIFE - AMER CANCER SOCIETY
    250 WILLIAMS ST NW
    250 WILLIAMS ST NW
    ATLANTA,GA30303     		NONE PUB CHARITY DONATION 1,000
    Total .................................bullet 3a 721,935
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 332  
    4 Dividends and interest from securities....     14 344,315  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 7,000  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		  64 14 70,106 10,931
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aROYALTY INCOME     		    15 411,061  
    bOTHER INCOME - CHEVRON USA     15 10  
    cENERGY TRANSFER PTR K-1 LOS     1 -1,267  
    dENTPRISE PP LP K-1 ORD LOSS     1 -369  
    eMPLX LP K-1 ORD LOSS     1 -3,089  
    fJACKSON NATL LIFE INS 1099-     14    
    gNATIONWIDE LIFE INS CO 1099     14    
    hLEASE BONUS -PETROQUEST 109     16 2,155  
    iSURFACE DRLG - MPLX 1099     16 5,000  
    jFARM INCOME     1 500  
    kCLASS ACTION SETTLEMENT         62
    lMISC INCOME         12
    mENERGY TRNSFR RENTAL RE     16 -54  
    nENERGY TRNSFR OTHER RENTAL     16 -1  
    12 Subtotal. Add columns (b), (d), and (e).. 64 835,699 11,005
    13Total. Add line 12, columns (b), (d), and (e)..................
    13846,768
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 9,000 8,100   900

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    TY 2015 AmortizationSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    REFORESTATION 2011-12-31 43,524 24,880 7.0000 6,220     31,100

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    TY 2015 DepreciationSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    RANCH BUILDING 2010-04-28 42,530 4,498 S/L 39.0000 1,090      
    RANCH LAND -- 715.63 AC 2010-04-28 530,146              
    WATER WELL 2011-12-11 983 439 S/L 7.0000 141      
    SMITH RANCH HOUSE 2013-04-16 255,700 9,835 S/L 39.0000 6,556      
    BARNS 2013-04-16 75,000 11,250 S/L 10.0000 7,500      
    FENCING & GATES 2013-04-16 102,121 21,883 S/L 7.0000 14,589      
    JW SMITH PONDS -- CONSV EXP 2013-01-01 150,000 2,011   20.0000 1,750      
    J W SMITH LAND -- 432.197 AC 2013-04-16 971,008              
    FENCING & GATES 2014-12-16 12,000 214 S/L 7.0000 1,715      
    BREVARD TRACT LAND 2014-12-16 108,613              
    PONDS - BREVARD LAND CONSERVATION 2014-12-16 5,000     20.0000        
    CAMP HOUSE 2015-06-09 4,000   S/L 15.0000 133      
    CORRAL 2015-06-09 3,500   S/L 7.0000 250      
    FENCING 2015-06-09 30,000   S/L 7.0000 2,143      
    JE METCALF LAND - 270.755 ACRS 2015-06-09 210,005              

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    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    FCC (HD VEST) - S/T 2015-12 PURCHASE 2015-12   45,737 42,483     3,254  
    FCC (HD VEST) - L/T 2014-01 PURCHASE 2015-12   624,166 616,498     7,668  
    FCC (HD VEST) - L/T 2014-01 PURCHASE 2015-12   294,269 294,269        
    FCC (HD VEST) - L/T 2014-01 PURCHASE 2015-12   8,211 8,211        
    EDWARD JONES 2015-01 PURCHASE 2015-12   9       9  
    LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         64       64  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BCM 1999 B-A2 18,996 19,375
    BCM 1999 B-A3 30,696 30,502
    MORGAN STANLEY 6% STOXX NOTE 51,919 50,895

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 22,078 33,688
    ABBVIE INC 27,611 44,438
    ALTRIA GROUP 12,424 29,105
    AMERICAN ELECTRIC POWER 48,329 40,826
    ANADARKO PETROLEUM 35,073 36,435
    APPLE INC 39,986 47,893
    APPLIED MATERIALS 15,873 21,482
    AT&T 51,597 54,220
    BERKSHIRE HATHAWAY 27,034 39,612
    BRISTOL-MYERS 38,075 75,669
    CATERPILLAR 39,848 33,980
    CHEVRONTEXACO 120,386 112,450
    COCA COLA 34,052 42,960
    CONOCOPHILLIPS 56,379 46,690
    CVS CORP 9,729 12,221
    DNP SELECT INCOME 18,083 17,925
    EMC CORP 11,723 12,840
    ENERGY TRANSFER PARTNERS 12,856 16,865
    ENTERPRISE PROD PTRS LP 8,850 30,952
    EXXONMOBIL 71,541 74,079
    FORD MOTOR CO 32,220 35,225
    FORTUNE BRANDS HOME & SEC INC 2,400 12,488
    GENERAC 21,978 14,885
    GENERAL ELECTRIC 29,929 50,472
    INTEL 22,436 34,477
    JP MORGAN CHASE 40,853 66,038
    I SHARES SILVER TRUST 10,565 6,595
    KRAFT FOODS GROUP 16,315 36,380
    KINDER MORGAN INC 15,718 12,443
    MARKWEST ENERGY PTRS    
    MEDTRONIC INC 9,766 16,845
    MICROSOFT 14,317 27,239
    MONDELEZ INTL (KRAFT SPINOFF) 11,101 22,430
    MPLX LP COM PTR 18,918 42,870
    ORACLE 46,257 66,261
    PAYCHEX 7,974 13,222
    PEPSICO 25,044 35,033
    PIEDMONT OFFICE REALTY 47,508 56,640
    PROCTOR & GAMBLE 55,028 68,610
    ROYAL DUTCH SHELL PLC 54,700 38,951
    SOUTHERN CO 34,810 46,790
    SPDR DOW JONES 10,305 15,659
    SPDR UTILITIES SELECT 24,987 30,945
    SPDR GOLD TR GOLD SH 26,805 20,292
    TRANSOCEAN LTD ZUG 17,457 3,714
    UNITEDHEALTH GROUP 22,147 58,833
    VERIZON 11,424 11,324
    VODAFONE 13,708 16,453
    WALMART 22,204 24,520
    WASH MUTUTAL HOLDINGS 40 21
    WELLS FARGO 15,398 26,683
    ZIMMER HOLDINGS 17,997 30,777
    ALLSTATE 6.75% - PREFERRED 121,878 127,881
    ALLSTATE 6.625% - PREFERRED 50,000 55,360

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    1,717,041
    State & Local Government Securities - End of Year Fair Market Value:


    1,769,893


    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BANK OF THE WEST AT COST 250,007 259,700
    BARCLAYS BANK 1-27-15 AT COST    
    HARRIS BANK 8-31-16 AT COST 255,982 250,513
    HSBC BANK 1-29-16 AY63 AT COST 55,698 49,095
    HSBC BANK 11-25-20 GH6 AT COST 51,853 48,490
    JP MORGAN CHASE BANK 10-31-18 AT COST 104,015 105,620
    JP MORGAN CHASE BANK 1-30-19 AT COST 153,509 138,285
    UNION BANK 7-5-17 AT COST 115,735 116,620
    UNION BANK 2-2-18 AT COST 115,108 121,800
    UNION BANK 10-28-16 AT COST 56,246 50,915
    WELLS FARGO BANK 6-7-17 AT COST 111,587 128,750
    WEST BANK AT COST 262,206 267,200
    JACKSON NATL -- PERSPECTIVE II AT COST 1,097,064 1,058,291
    NATIONWIDE -- DESTINATION AT COST 876,037 955,808
    INVESCO TAX FREE INTER A3 AT COST 94,797 96,753
    INVESCO SELECT REAL ESTATE/A AT COST 85,293 81,795
    AM FUNDS AMCAP/A AT COST 26,036 26,300
    AM FUNDS - HIGH INCOME/A AT COST    
    AM FUNDS - MUTUAL/A AT COST 17,523 17,802
    AM FUNDS - WASHINGTON/A AT COST 17,817 18,210
    AM FUNDS - CAPITAL INCOME BLDR/A AT COST 30,862 33,639
    AM FUNDS - GROWTH FD OF AMER/A AT COST 68,010 79,027
    AM FUNDS - NEW WORLD FUND/A AT COST 22,654 22,460
    AM FUNDS - NEW PERSPECTIVE FD/A AT COST 70,562 74,988
    AM FUNDS - NEW ECONOMY/A AT COST 42,801 43,627
    AM FUNDS - SM WORLD/A AT COST 37,182 34,358
    AM FUNDS - CAPITAL WLD G&I FD/A AT COST 44,787 49,964
    AM FUNDS - CAPITAL WLD BOND FD/A AT COST    
    AM FUNDS - EUROPACIFIC GR FD/A AT COST 47,506 49,627
    COLUMBIA MARISCO GL/A AT COST    
    COLUMBIA TAX EXEMPT/A AT COST 111,167 111,898
    DWS CORE EQUITY/A AT COST 31,529 33,751
    DWS GLOBAL SM CAP/A AT COST 31,611 27,674
    DWS HEALTH & WELLNESS/A AT COST 28,421 23,168
    DWS MANAGED MUNI BD/A AT COST 81,716 79,124
    DWS RREEF GLOBAL INFR FD/A AT COST 155,866 170,982
    DWS REAL ESTATE SEC/A AT COST 27,880 24,654
    DWS STRATEGIC HY TAX FREE FD/A AT COST 53,398 51,170
    FRANKLIN CUST GROWTH/A AT COST 25,906 24,220
    FRANKLIN INSURED TAX FREE A AT COST 588,211 508,699
    FRANKLIN INSURED TAX FREE C AT COST 33,897 74,352
    FRANKLIN FLR RATE DLY/A AT COST    
    FRANKLIN FED INTERM TAX FREE/A AT COST 57,002 57,211
    FRANKLIN INC FUND/A AT COST 54,037 45,355
    FRANKLIN MGD TR RISING/A AT COST 51,157 23,472
    HARTFORD CAPITAL APP FD/A AT COST 36,380 37,269
    HARTFORD FLOATING RATE FD/A AT COST 12,122 10,741
    MFS EMERGING MARKET FD/A AT COST 66,016 56,964
    MFS MODERATE ALLOC/A AT COST 10,940 10,685
    MFS DIVERSIFIED INC/A AT COST 28,883 27,523
    MFS UTILITIES/A AT COST 29,430 22,356
    MFS GROWTH/A AT COST 11,104 12,729
    MFS CONSV ALLOC/A AT COST 12,045 11,983
    OPPENHEIMER INTL BOND FD/A AT COST    
    OPPENHEIMER EQ INC/C AT COST 31,081 24,339
    OPPENHEIMER INTL SMALL CO/C AT COST 10,633 15,198
    OPPENHEIMER CAP INC/C AT COST 10,726 10,697
    OPPNHMR SR FLOAT RATE/C AT COST 105,554 95,537
    OPPNHMR EQ INC/A AT COST 30,065 26,807
    OPPNHMR SR FLOAT RATE/A AT COST 46,320 41,858
    OPPNHMR INTL SM CO/A AT COST 50,393 86,496
    OPPNHMR STEELPATH ALPHA/A AT COST 100,067 73,148
    ALLIANZ CONVERTIBLE/A AT COST 30,336 25,449
    ALLIANZ RCM GLBL WATER/A AT COST 50,282 49,000
    ALLIANZ RCM GLBL SMCAP/A AT COST 25,000 24,453
    PUTNAM AMT FREE INS/A AT COST 364,351 251,067
    PUTNAM GLOBAL INCOME FD/A AT COST 224,283 216,142
    PUTNAM MULTI CAP GROWTH (NEW OPP) AT COST 77,677 77,116
    PUTNAM EQ INC/A AT COST 91,022 83,238
    PUTNAM FLOATING INC/A AT COST 156,237 142,971
    PUTNAM CAP SPECTRUM/A AT COST 66,475 61,735
    STATE FARM SM MID CAL EQUITY/A AT COST 20,156 17,351
    STATE FARM 500 INDEX FUND/A AT COST 71,419 101,391
    STATE FARM BOND FUND/A AT COST 102,621 102,067
    STATE FARM INTL INDEX FD/A AT COST 26,023 23,654
    TEMPLETON GLOBAL BOND FD/A AT COST 218,363 185,568
    TEMPLETON GLBL TTL RET/A AT COST    
    ADT 1503 HEALTH CARE 15-2 AT COST 66,063 62,801
    ADT 1073 HEALTH CARE 13-2 AT COST    
    ADT 1388 HI 50 DIV STR 2015-1Q AT COST 61,741 52,507
    ADT 1256 BRAND FAV 14-3Q AT COST    
    ADT 1092 HI 50 DIV 2013-4QTR AT COST    
    ADT 1333 (AAM H150) 12/17 AT COST 31,228 27,456
    ADT 1369 AERO-DEF 11-2016 AT COST 45,662 44,018
    ADT 1390 PERONI GR SPRING 15 AT COST 30,592 29,430
    ADT 1124 PERONI GR 2014 AT COST    
    ADT 1197 STR HI 50/Q50 AT COST    
    ADT 1463 HI 50/Q50 15-3RD AT COST 70,560 65,974
    ADT 327 INSURED TE MUNI SER 2 AT COST 448,038 447,117
    ADT 1276 BLUE CHIP 8-20-14 AT COST 101,459 98,706
    ADT 1293 AGI BUS OPPTY 2014-2 AT COST 50,494 45,359
    ADT 1140 HIMCO GL DIV AT COST    
    ADT 1410 HARTFORD GL DIV 15-2 AT COST 32,612 29,568
    FT CAP STRENGTH SER 27 AT COST 23,958 22,065

    TY 2015 LandEtcSchedule2
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    RANCH BUILDING 42,530 5,588 36,942 36,941
    WATER WELL 983 580 403 404
    REFORESTATION 43,524 31,098 12,426 12,426
    SMITH RANCH HOUSE 255,700 16,391 239,309 239,309
    FENCING & GATES 102,121 36,472 65,649 65,649
    BARNS 75,000 18,750 56,250 56,250
    FENCING & GATES -- BREVARD TRACT 12,000 1,928 10,072 10,071
    CAMP HOUSE -- METCALF TRACT 4,000 133 3,867 3,867
    CORRAL -- METCALF TRACT 3,500 250 3,250 3,250
    FENCING -- METCALF TRACT 30,000 2,143 27,857 27,857
    RANCH LAND 530,146   530,146 530,146
    J W SMITH LAND 971,008   971,008 971,008
    BREVARD TRACT LAND 108,613   108,613 108,613
    J E METCALF LAND 210,005   210,005 210,005


    TY 2015 LegalFeesSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 18,000 4,500   4,500


    TY 2015 OtherAssetsSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PONDS 150,000 150,000 150,000
    PONDS - BREVARD TRACT 5,000 5,000 5,000
    LESS CONSV EXP -2,010 -3,760 -3,760


    TY 2015 OtherDecreasesSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Description Amount
    FEDERAL INCOME TAX FOR 2014 9,459
    FEDERAL INCOME TAX FOR 2015 5,197


    TY 2015 OtherExpensesSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ENERGY TRSFR PTRS K-1 INVTMT 90 90    
    ENERGY TRSFR PTRS K-1 NON DED 6 6    
    ENERGY TRSFR PTRS K-1 SEC 123 89 89    
    ENERGY TRSFR PTRS K-1 CASH CO 2 2    
    ENTERPRISE PP LP K-1 NON DEDU 1 1    
    ENTERPRISE PP LP K-1 SEC 1231 57 57    
    FERTILIZER 223      
    FORESTRY SERVICES 16,818      
    MPLX LP K-1 NON DEDUCTBLE EXP 2 2    
    MOLX LP K-1 SEC 1231 EXP 7 7    
    POST OFFICE BOX RENTAL 60      
    REPAIRS & MAINTENANCE - RANCH 2,655      
    ROYALTY OTHER DEDUCTIONS 24,967 24,967    
    ROYALTY SEVERANCE TAX 37,192 37,192    
    SAFE DEPOSIT BOX RENTAL 145      
    SUPPLIES 1,828      


    TY 2015 OtherIncomeSchedule2
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 411,061 411,061 411,061
    OTHER INCOME - CHEVRON USA 10 10 10
    ENERGY TRANSFER PTR K-1 LOSS -1,267 -1,267 -1,267
    ENTPRISE PP LP K-1 ORD LOSS -369 -369 -369
    MPLX LP K-1 ORD LOSS -3,089 -3,089 -3,089
    LEASE BONUS -PETROQUEST 1099M 2,155 2,155 2,155
    SURFACE DRLG - MPLX 1099 5,000 5,000 5,000
    FARM INCOME 500 500 500
    CLASS ACTION SETTLEMENT 62   62
    MISC INCOME 12   12
    ENERGY TRNSFR RENTAL RE -54 -54 -54
    ENERGY TRNSFR OTHER RENTAL -1 -1 -1


    TY 2015 TaxesSchedule
    Name:
    THE CHARLES C MATTHEWS FOUNDATION
    EIN:
    75-2741045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES - RANCH 7,462      
    PROPERTY TAXES - ROYALTY 9,734      
    FOREIGN TAX - HD VEST 940 940