Form990-PF
Click to see attachment

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
North Carolina GlaxoSmithKline
Foundation Inc
Number and street (or P.O. box number if mail is not delivered to street address)Five Moore Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Research Triangle Park, NC27709
A Employer identification number

58-1698610
B Telephone number (see instructions)

(919) 483-2823
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$59,459,402J 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) 154,613
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,204,564 1,204,564 1,204,564
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,773,354
b Gross sales price for all assets on line 6a 20,399,822
7 Capital gain net income (from Part IV, line 2)... 1,773,354
8 Net short-term capital gain......... 1,418,201
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).......      
12 Total. Add lines 1 through 11........ 3,132,531 2,977,918 2,622,765
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 39,000     39,000
14 Other employee salaries and wages...... 607,341     607,341
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,294     1,294
b Accounting fees (attach schedule)....... Click to see attachment 16,880     16,880
c Other professional fees (attach schedule).... Click to see attachment 180,023 112,477   67,546
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment -17,441      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 16,696     16,696
22 Printing and publications.......... 1,051     1,051
23 Other expenses (attach schedule)....... Click to see list of attachments 132,988     132,988
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 977,832 112,477   882,796
25 Contributions, gifts, grants paid....... 4,206,219 3,318,126
26 Total expenses and disbursements. Add lines 24 and 25 5,184,051 112,477   4,200,922
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,051,520
b Net investment income (if negative, enter -0-) 2,865,441
c Adjusted net income (if negative, enter -0-)... 2,622,765
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......... 387,458 1,108,596 1,108,596
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 63,946,999 Click to see attachment58,327,614 58,327,614
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment23,192 Click to see attachment23,192
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,334,457 59,459,402 59,459,402
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 3,869,232 4,859,105
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment233,529 Click to see attachment148,621
23 Total liabilities (add lines 17 through 22)......... 4,102,761 5,007,726
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 60,231,696 54,451,676
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    
30 Total net assets or fund balances (see instructions)..... 60,231,696 54,451,676
31 Total liabilities and net assets/fund balances (see instructions). 64,334,457 59,459,402
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
60,231,696
2
Enter amount from Part I, line 27a .....................
2
-2,051,520
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
58,180,176
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,728,500
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
54,451,676
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 Capital gain dividend P    
b 36529.68 Absolute Strategies Instituitional, ASFIX P 2015-06-05 2015-11-05
c 44964.029 Doubleline Core Fixed Income CL P 2014-06-20 2015-03-30
d 31132.361 Forward High Yld BD FD ADV CL P   2015-11-03
e 3231.644 Jensen Quality Growth FD CL P 2014-07-07 2015-03-24
22207.434 PIMCO Commodity Real Return Inst P   2015-11-05
6523.157 T Rowe Price Instl Large Cap Growth P 2015-03-25 2015-08-03
1000 Vanguard Admiral FDSINC P 2015-03-25 2015-08-03
53492.007 Absolute Strategies Instl ASFIX P   2015-11-05
1704.051 American Europacific growth fund P 2012-12-14 2015-11-09
3946.431 Cohen & Steers Pref Securities income P 2012-01-18 2015-04-01
68206.753 Forward High Yld BD FD P   2015-11-03
1000 Ishares TR 1-3 YR P 2012-11-02 2015-11-18
1000 Ishares TR 1-3 YR P 2012-11-06 2015-11-18
17803.105 Jensen Quality Growth FD CL P   2015-03-24
53995.68 Lord Abbett Floatingrate Fund I, LFRIX P 2013-08-14 2015-03-30
115074.396 PIMCO Commodity Real return P   2015-11-05
1000 PIMCO ETF TR Enhanced short Mat Active P 2013-05-10 2015-11-18
1000 Vanguard whitehall FDS High Dividend YIE P 2014-04-01 2015-11-18
18382.353 Absolute Strateies Instl ASFIX P 2009-12-11 2015-04-27
27497.709 Absolute Strateies Instl ASFIX P 2009-12-11 2015-11-02
182052.114 Absolute Strateies Instl ASFIX P   2015-11-05
5748.228 American Europacific Growth Fund P 2003-06-26 2015-01-06
299970 American Europacific Growth Fund P 2003-06-26 2015-04-27
2464.353 American Europacific Growth Fund P 2003-06-26 2015-11-09
35868.006 Cohen & Steers Pref Securities Income P   2015-03-30
10452.417 Cohen & Steers Pref Securities Income P   2015-04-01
2067.825 Cohen & Steers Intl Realty INC CL P 2007-03-27 2015-04-27
8795.075 Cohen & Steers Intl Realty INC CL P 2007-03-27 2015-11-02
1819.064 Dodge & Cox International Stock Fund P 2005-12-12 2015-01-12
2221.729 Dodge & Cox International Stock Fund P 2005-12-12 2015-06-04
2327.205 Dodge & Cox International Stock Fund P 2005-12-12 2015-08-03
5064.573 Dodge & Cox International Stock Fund P 2005-12-12 2015-11-09
51387.461 Forward High Yld BD FD ADV CL P 2011-06-06 2015-03-30
72949.848 Forward High Yld BD FD ADV CL P   2015-11-03
1000 Ishares 1-3 YR CREDIT BOND ETF P 2011-08-19 2015-01-06
3468.609 Mathews pacific tiger fund P 2010-09-30 2015-06-04
1729.505 Mathews pacific tiger fund P 2010-09-30 2015-07-01
1890.359 Mathews pacific tiger fund P 2010-09-30 2015-10-28
7598.784 Mathews pacific tiger fund P 2010-09-30 2015-11-02
7671.653 Mathews pacific tiger fund P 2010-09-30 2015-11-09
27894.003 PIMCO Commodity Real return Inst P   2015-11-02
98289.582 PIMCO Commodity Real return Inst P   2015-11-02
300 PIMCO ETF TR Enhanced Short Mat Active P 2011-08-08 2015-01-06
700 PIMCO ETF TR Enhanced Short Mat Active P 2011-08-09 2015-01-06
200 PIMCO ETF TR Enhanced Short Mat Active P 2011-08-09 2015-01-22
100 PIMCO ETF TR Enhanced Short Mat Active P 2011-08-09 2015-04-24
50 PIMCO ETF TR Enhanced Short Mat Active P 2011-08-11 2015-04-24
2637.826 Vanguard Small Cap Gindex FD Instl P 2008-03-25 2015-06-04
2642.008 Vanguard Small Cap Gindex FD Instl P 2008-03-25 2015-07-01
7714.561 Jensen Quality Growth FD CL I, Jenix P   2015-03-05
132289.234 Jensen Quality Growth FD CL I, Jenix P   2015-03-24
2137.209 Trowe Price Mid cap equity growth Instl P   2015-06-04
2132.651 Trowe Price Mid cap equity growth Instl P   2015-07-01
3558.719 Trowe Price real estate fund Trrex P   2015-11-02
3685.957 Trowe Price real estate fund Trrex P   2015-11-18
(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 1,165,089     1,165,089
b 397,074   405,840 -8,766
c 499,970   495,067 4,903
d 288,592   313,447 -24,855
e 132,206   119,085 13,121
156,782   309,898 -153,116
199,970   189,079 10,891
105,526   102,469 3,057
581,452   586,841 -5,389
81,748   84,444 -2,696
54,808   50,108 4,700
632,265   686,719 -54,454
105,014   104,838 176
105,014   104,838 176
728,322   656,040 72,282
499,970   513,011 -13,041
812,411   1,426,296 -613,885
100,850   100,988 -138
67,333   53,099 14,234
199,970   196,546 3,424
299,970   294,876 5,094
1,978,886   1,924,943 53,943
299,970   256,446 43,524
299,970   226,331 73,639
118,222   79,683 38,539
499,970   442,691 57,279
145,162   127,606 17,556
24,970   30,660 -5,690
99,970   130,406 -30,436
74,970   62,451 12,519
99,970   77,761 22,209
99,970   81,453 18,517
199,970   177,262 22,708
499,970   524,752 -24,782
676,232   759,193 -82,961
105,233   104,827 406
100,000   82,054 17,946
50,000   40,913 9,087
50,000   44,718 5,282
200,000   179,757 20,243
200,000   181,481 18,519
199,970   668,247 -468,277
693,912   2,246,342 -1,552,430
30,323   30,320 3
70,753   70,718 35
20,202   20,200 2
10,116   10,103 13
5,058   5,052 6
99,970   49,463 50,507
99,970   49,542 50,428
319,970   179,663 140,307
5,411,927   2,795,605 2,616,322
99,970   36,638 63,332
99,970   36,560 63,410
99,970   48,679 51,291
99,970   50,419 49,551
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       1,165,089
b       -8,766
c       4,903
d       -24,855
e       13,121
      -153,116
      10,891
      3,057
      -5,389
      -2,696
      4,700
      -54,454
      176
      176
      72,282
      -13,041
      -613,885
      -138
      14,234
      3,424
      5,094
      53,943
      43,524
      73,639
      38,539
      57,279
      17,556
      -5,690
      -30,436
      12,519
      22,209
      18,517
      22,708
      -24,782
      -82,961
      406
      17,946
      9,087
      5,282
      20,243
      18,519
      -468,277
      -1,552,430
      3
      35
      2
      13
      6
      50,507
      50,428
      140,307
      2,616,322
      63,332
      63,410
      51,291
      49,551
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 1,773,354
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 1,418,201
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 3,520,501 64,051,501 0.05496
2013 3,765,278 60,775,777 0.06195
2012 3,713,163 57,705,748 0.06435
2011 4,098,570 59,920,346 0.06840
2010 3,336,429 56,286,029 0.05928
2
Total of line 1, column (d) .....................
20.308941
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
0.061788
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
62,475,979
5
Multiply line 4 by line 3......................
5
3,860,266
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
28,654
7
Add lines 5 and 6........................
7
3,888,920
8
Enter qualifying distributions from Part XII, line 4.............
8
4,200,922
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 28,654
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 28,654
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 28,654
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 75,000
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 75,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 46,346
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet46,346 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
 
No
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)
    bullet
    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 addressbullethttp://www.us-gsk.com/html/community/
    14
    The books are in care ofbulletMelinda Harris Telephone no.bullet (919) 483-2823

    Located atbulletFive Moore DriveResearch Triangle ParkNC ZIP+4bullet277093398
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    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
     
    No
    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
     
    No
    .........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
     
    No
    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 A Ingram Chairman
    0.46     		2,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Mark Werner Director
    0.46     		4,000    
    5 Moore Dr
    Research Triangle Park,NC27709
    Margaret B Dardess Director
    0.46     		4,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Shirley T Frye Director
    0.46     		4,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Thomas R Haber Director
    0.46     		4,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Paul A Holcombe Jr Director
    0.58     		4,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Charles A Sanders MD Director
    0.46     		4,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    John FAV Cecil Director
    0.46     		1,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Janice M Whitaker Director
    0.46     		4,000    
    Five Moore Drive
    Research Triangle Park,NC27709
    Marilyn E Foote-Hudson Executive Direc
    40.00     		0    
    Five Moore Drive
    Research Triangle Park,NC27709
    George B Abercrombie Director
    0.46     		4,000    
    5 Moore Drive
    Research Triangle Park,NC27705
    Ran Coble Director
    0.46     		4,000    
    5 Moore Drive
    Research Triangle Park,NC27705
    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  
    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
    62,693,739
    b
    Average of monthly cash balances.......................
    1b
    733,651
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    63,427,390
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    63,427,390
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    951,411
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    62,475,979
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,123,799
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,123,799
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    28,654
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    28,654
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,095,145
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,095,145
    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
    3,095,145
    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
    4,200,922
    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
    4,200,922
    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
    28,654
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,172,268
    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 3,095,145
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 573,651
    b From 2011...... 1,196,887
    c From 2012...... 912,264
    d From 2013...... 778,365
    e From 2014...... 380,688
    fTotal of lines 3a through e........ 3,841,855
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,200,922
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 3,095,145
    e Remaining amount distributed out of corpus 1,105,777
    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 4,947,632
    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 ..........     		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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		573,651
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		4,373,981
    10 Analysis of line 9:
    a Excess from 2011.... 1,196,887
    b Excess from 2012.... 912,264
    c Excess from 2013.... 778,365
    d Excess from 2014.... 380,688
    e Excess from 2015.... 1,105,777
    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 e-mail address of the person to whom applications should be addressed:
    NC GlaxoSmithKline Foundation
    Five Moore Drive PO Box 13398
    RTP,NC27709
    (919) 483-2823
    bThe form in which applications should be submitted and information and materials they should include:
    http://www.us-gsk.com/html/community/community-grants-foundation.htmlTax Exempt Documentation, Executive Summary, Narrative Section, Budget Section Instructional Information & Financial Data.
    cAny submission deadlines:
    January 1, April 1, July 1, October 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Foundation grants only to non-profit, charitable organizations & institutions exempt under section 501(c)(3).
    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
    Duke University
    213 West Duke Building
    PO Box,NC27708     		501 C(3) 501(C)(3) To launch an educational initiative to promote literacy, opportunity, and equity in one of Appalachian North Carolina's economically distressed areas. 291,898
    UNC General Administration
    910 Raleigh Rd
    Chapel Hill,NC27514     		  501(C)(3) To support the College STAR Program 352,023
    NC Center for Non-Profits
    1110 Navaho Drive Suite 200
    Raleigh,NC27609     		  PC To continue providing assistance in the implementation and evaluation of the Ribbon of Hope Program. 70,000
    North Carolina Central University
    1801 Fayetteville Street
    Durham,NC27707     		  PC Funding is to develop and implement a multi-year educational program to support science, technology, engineering and mathematics majors at NCCU. 25,000
    North Carolina AT State University
    1601 E Market Street
    Greensboro,NC27411     		  PC Funds are to support the "STEM Center of Excellence", a re-configuration of Science, Technology, Engineering and Mathematics education which can be duplicated at other institutions.ANDWomen in Science program: To honor the GSK mentors for their years of service and dedication to this program. 352,220
    NC Healthy Start Foundation
    3725 National Dr Suite 105
    Raleigh,NC27612     		  PC This grant will provide bridge funding to support NC Healthy Start Foundation in its continuing operations. 250,000
    Public School Forum of NC Inc
    3739 National Drive Suite 100
    Raleigh,NC27612     		  PC To fund an afterschool STEM System-Building Plan which includes developing a clearinghouse of best practices, curricula,trainings, and evaluation tools; coordinating state and regional efforts to bring together a diverse group of STEM stakeholders; infusing STEM into the state's afterschool professional development system, and connecting youth and adult mentors to programs statewide. 30,000
    NC School of Science and Mathematic
    1219 Broad Street
    Durham,NC27705     		  PC To support the Step Up to STEM 2013-2014 enrichment program for underrepresented minorities. 10,384
    North Carolina Public Health Associ
    3000 Industrial Drive Suite 140
    Raleigh,NC27609     		None PC To fund Child Health Awards. 20,000
    NC Museum of Art
    2110 Blue Ridge Road
    Raleigh,NC27607     		  PC This five-year grant supports development of an educational program called "The Big Picture." It uses distance-learning courses, on-site workshops, statewide events, teaching fellowships and online tools as part of a new model to integrate art into the classroom. The Big Picture provides teachers with resources to help students develop critical thinking and problem solving skills. The program is designed to reach 165,000 NC teachers. 360,000
    Mid-Continent Research for Educatio
    4601 DTC Boulevard Suite 500
    Denver,CO80237     		  PC To support activities that establish or expand local programs in health, science, and education to serve identified needs of local communities. 62,665
    National Humanities Center
    7 TW Alexander Drive
    Durham,NC27709     		None 501(C)(3) To upgrade the Center's online teacher professional development resources to Web-based interactive modules. 50,000
    Elon University
    100 Campus Dr
    Elon,NC27244     		None PC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Wingate University
    220 N Camden St
    Wingate,NC28174     		None PC Addition of Wingate University as 30th NC college/university included in Women in Science Program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    The Center for child and Family Hea
    411 W Chapel Hill St Suite 908
    Durham,NC27701     		None PC To pay for family coping and resilience program to increase access, engagement and mental health service quality of NC's military families 462,093
    The Center for Child and Family Hea
    411 W Chapel Hill St Suite 908
    Durham,NC27701     		  PC To pay for family coping and resilience program to increase access, engagement and mental health service quality of NC's military families 462,093
    NC Institute of Child Development P
    PO Box 959
    Chapel Hill,NC27514     		  NC To develop a child care health consultant (CCHC) tiered certification process 25,000
    Special Olympics North Carolina Inc
    2200 Gateway Centre Blvd Ste 201
    Morrisville,NC27560     		  NC To address health risks facing individuals with intellectual disabilities by reaching out to and engaging them in a behavioural shift, by incorporating physical activities, health screenings, wellness education, and weigh loss intervention activities. 25,000
    The Down East Partnership for child
    PO Box 1245
    Rocky Mount,NC27802     		  NC To support Recipient's two initiatives: Ready Schools and Ready communities 25,000
    Graham Children's Health services
    202 Medical campus Dr
    Burnsville,NC28714     		  NC To provide local youth with an expanded offering of opportunities to participate in physical activities. 25,000
    Yadkins Arts Council
    226 E Main St
    Yadkinville,NC27055     		  NC To expand the Councils instrumental and vocal education program to seven additional elementary schools, targeting all students in grades K-6. 25,000
    The Emily K Center
    904 W Chapel Hill St
    Durham,NC27701     		  NC To continue expansion of the Centers Scholars to College program, a year-round out-of-school program for low-income high school students residing in Durham County who are recommended by a teacher or counselor 25,000
    Patrick Beaver Learning Resource Ce
    926 2nd St NE 100
    Hickory,NC28601     		  NC To increase the number of tutors and for individualized tutoring sessions to low-income children who are reading at least one year below grade level. 25,000
    Heart tutoring
    1100 S Mint St 102
    Charlotte,NC28203     		  NC To provide program expansion of the Foundations summer program to approximately 120 at-risk scholars at two elementary schools in Durham County. 25,000
    BELL Foundation
    601 East 5th St Suite 460
    Charlotte,NC28202     		  NC To expand the Heart Math Tutoring program to a new school site. 25,000
    Western Carolina Unviersity
    1 University Way
    Cullowhee,NC28723     		  NC To support math teachers through the Smoky Mountain Math Teachers Circle (SMMTC) and the North Carolina Math Teachers Circle Network AND Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 44,750
    Appalachian State University
    ASU Box 32004
    Boone,NC28608     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Barton College
    800 Vance St NE
    Wilson,NC27893     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Bennett College
    900 E Washingon St
    Greensboro,NC27401     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Davidson college
    405 N Main St
    Davidson,NC28035     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    East Carolina University
    East 5th St
    Greenville,NC27858     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Elizabeth City State University
    1704 Weeksville Rd
    Elizabeth City,NC27909     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Fayetteville State University
    1200 Murchison Rd
    Fayetteville,NC28301     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Gardner Webb University
    110 S Main St
    Boiling Springs,NC28017     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Guilford College
    5800 W Friendly Ave
    Greensboro,NC27410     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Johnson C Smith University
    100 Beatties Ford Rd
    Charlotte,NC28216     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Lenoir Ehyne University
    625 7th Ave NE
    Hickory,NC28601     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Meredith College
    3800 Hillsborough St
    Raleigh,NC27607     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    North Carolina State University
    NC State University
    Raleigh,NC27695     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    North Carolina Wesleyan college
    3400 N Wesleyan Blvd
    Rocky Mount,NC27804     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Queens University of Charlotte
    1900 Selwyn Ave
    Charlotte,NC28207     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Andrews presbyterian college
    1700 Dogwood Mile St
    Laurinburg,NC28532     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    UNC Asheville
    1 University heights
    Asheville,NC28804     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    UNC Charlotte
    9201 University City Blvd
    Charlotte,NC28223     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    UNC Chapel Hill
    Campus Box 2200
    Chapel Hill,NC27599     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    UNC Greensboro
    1400 Spring garden St
    Greensboro,NC27412     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    UNC Pembroke
    1 University Drive
    Pembroke,NC28372     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    UNC Wilmington
    601 S College Rd
    Wilmington,NC28403     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Winston-Salem State University
    601 S Martin Luther King Jr Dr
    WinstonSalem,NC27110     		  NC Women in Science program: To honor the GSK mentors for their years of service and dedication to this program. 10,000
    Total .................................bullet 3a 3,318,126
    bApproved for future payment
    North Carolina Central University S
    1801 Fayetteville Street
    Durham,NC27707     		  PC Julius L. Chambers Visiting Scientist Program, to honor the memory of former NCCU Chancellor and North Carolina GlaxoSmithKline Foundation Board member, Julius L. Chambers, to expose faculty and students to a distinguished scientist and engage them through short courses, workshops and/or seminars and lectures.ANDWomen in Science program: To honor the GSK mentors for their years of service and dedication to this program. 310,000
    UNC General Administration
    910 Raleigh Rd
    Chapel Hill,NC27514     		  NC To support the College STAR Program 352,023
    Total .................................bullet 3b 662,023
    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 1,204,564  
    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 ............     		        1,773,354
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,204,564 1,773,354
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,977,918
    (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: 15000324
    Software Version: 2015v2.0


    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
    North Carolina GlaxoSmithKline
    Foundation Inc
    Employer identification number

    58-1698610
    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
    North Carolina GlaxoSmithKline
    Foundation Inc         		Employer identification number
    58-1698610
    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
    GlaxoSmithKline Corporation
     

       
    Five Moore Drive
     
    Research Triangle PK, NC27709

    		$ 154,613


    (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
    North Carolina GlaxoSmithKline
    Foundation Inc         		Employer identification number

    58-1698610
    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
    North Carolina GlaxoSmithKline
    Foundation Inc         		Employer identification number

    58-1698610
    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: 15000324
    Software Version: 2015v2.0

    TY 2015 AccountingFeesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fee 16,880 0 0 16,880

    TY 2015 InvestmentsOtherSchedule2
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Dodge & Cox Intl Stock FMV 3,880,997 3,880,997
    Europacific Growth FMV 3,946,280 3,946,280
    Jensen Portfolio FMV    
    PIMCO Total Return FMV    
    T. Rowe Price MID CAP Equity Growth INST FMV 6,240,167 6,240,167
    Cohen & Steers International Realty FMV 1,786,916 1,786,916
    PIMCO Commodity Real Return FMV    
    T. Rowe Price Real Estate FMV 1,820,464 1,820,464
    Vanguard Small Cap Index FMV 6,070,187 6,070,187
    Absolute Strategies Institutional FMV    
    Matthews Pacific Tiger Fund FMV 3,720,167 3,720,167
    Forward High Yield Bond Fund FMV    
    PIMCO Enhanced Short Maturity FI Strateg FMV 1,453,815 1,453,815
    Barclays I-Shares 1-3 Year FMV 1,192,441 1,192,441
    Cohen & Steers Preferred Income FMV 2,236,763 2,236,763
    Aberdeen Emerging Markets FMV 3,119,891 3,119,891
    Lord Abbett Floating Rate Fund FMV 1,968,188 1,968,188
    Vanguard Whitehall FDS High Dividend Yld FMV 6,488,100 6,488,100
    Doubleline Core Fixed Income FMV 1,750,096 1,750,096
    Vanguard Admiral S&P 500 FMV 3,217,180 3,217,180
    Goldman Sachs IB Fund Instl FMV 1,985,491 1,985,491
    T. Rowe Price LC Growth FMV 3,399,787 3,399,787
    Schwab Hedged Equity FMV 2,030,699 2,030,699
    Vanguard Market Nuetral HD FMV 2,019,985 2,019,985

    TY 2015 LegalFeesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 1,294 0 0 1,294


    TY 2015 OtherAssetsSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
        23,192  


    TY 2015 OtherDecreasesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    Reconciling amount 4


    TY 2015 OtherExpensesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Awards 1,151     1,151
    Bank Charges 572     572
    Banquet 30,648     30,648
    Computer supplies 3,333     3,333
    Contractor's 29,245     29,245
    Events 400     400
    Gifts 35,845     35,845
    Mileage reimbursement 857     857
    Other Expenses 24,673     24,673
    Other Office Supplies 159     159
    Public relations 405     405
    Speakers 5,700     5,700


    TY 2015 OtherLiabilitiesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred federal excise tax liabilities 223,189 148,620
    Federal excise tax payable 10,340  
    Rounding   1


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 112,477 112,477 0 0
    Professional fees 67,546 0 0 67,546


    TY 2015 TaxesSchedule
    Name:
    North Carolina GlaxoSmithKline
     
    Foundation Inc
    EIN:
    58-1698610
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal excise tax benefit 17,441