TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
ED AND CLAUDE FORTSON

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28262

A Employer identification number

58-6201850

B Telephone number (see instructions)

(855) 739-2921

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$7,252,825J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	22		22
4	Dividends and interest from securities...	185,828		183,821
5a	Gross rents............
b	Net rental income or (loss) -8,800
6a	Net gain or (loss) from sale of assets not on line 10		106,307
b	Gross sales price for all assets on line 6a 3,017,246
7	Capital gain net income (from Part IV, line 2)...			106,307
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		1,477	14,720
12	Total. Add lines 1 through 11........	293,634		304,870
13	Compensation of officers, directors, trustees, etc.	102,536		63,284		39,253
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		10,210	0	0	10,210
b	Accounting fees (attach schedule).......		2,100	0	0	1,400
c	Other professional fees (attach schedule)....		4,374	4,374		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,286	3,286		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		8,959	10,678
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	131,465		81,622	0	50,863
25	Contributions, gifts, grants paid.......	473,000				473,000
26	Total expenses and disbursements. Add lines 24 and 25	604,465		81,622	0	523,863
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-310,831
b	Net investment income (if negative, enter -0-)			223,248
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	357,546	494,958	494,958
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	188,291	262,375	259,129
	b	Investments—corporate stock (attach schedule).......	4,870,243	5,204,433	5,045,026
	c	Investments—corporate bonds (attach schedule).......	1,324,461	740,822	702,716
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	910,222	707,624	750,996
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	1
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,650,764	7,410,212	7,252,825
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	7,650,764	7,410,212
	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).....	7,650,764	7,410,212
	31	Total liabilities and net assets/fund balances (see instructions).	7,650,764	7,410,212

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

7,650,764

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

-310,831

Other increases not included in line 2 (itemize) bullet

85,178

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

7,425,111

Decreases not included in line 2 (itemize) bullet

14,899

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

7,410,212

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	10000. AT&T INC 2.500% 8/15/15		2014-04-24	2015-02-20
b	16. ADVENT SOFTWARE INC COM		2012-05-03	2015-02-27
c	209. ADVENT SOFTWARE INC COM		2012-05-03	2015-07-08
d	4. AFFILIATED MANAGERS GROUP, INC COM		2014-04-09	2015-07-22
e	6. AFFILIATED MANAGERS GROUP, INC COM		2014-08-07	2015-10-23
	197. ALBEMARLE CORP COM		2012-05-03	2015-02-17
	12. ALBEMARLE CORP COM		2012-05-05	2015-02-27
	4. ALEXANDRIA REAL ESTATE EQUITIES		2015-05-14	2015-06-01
	7. ALEXANDRIA REAL ESTATE EQUITIES		2015-05-28	2015-06-01
	3. ALLEGHANY CORP DEL NEW		2013-10-04	2015-02-27
	48. ALLIANT TECHSYSTEMS INC		2013-10-14	2015-02-06
	60. AMERICAN REALTY CAPITAL PROPER		2014-10-30	2015-06-01
	6. AMERICAN TOWER CORP		2015-02-27	2015-06-01
	19. AMPHENOL CORP CL A		2013-10-04	2015-02-27
	82. ANHEUSER-BUSCH INBEV SPN ADR		2014-08-07	2015-12-17
	9. ANHEUSER-BUSCH INBEV SPN ADR		2015-09-01	2015-12-17
	38. APACHE CORP		2014-12-18	2015-07-28
	74. APACHE CORP		2014-04-09	2015-07-28
	65. APARTMENT INVT & MGMT CO CL A		2015-02-25	2015-06-01
	4. APPLE INC		2014-04-09	2015-07-22
	16. APPLE INC		2015-05-05	2015-07-22
	1277.139 ASHMORE EMERG MKTS CR DB-INS		2013-06-25	2015-12-04
	14. ASTRAZENECA PLC ADR		2014-08-08	2015-06-01
	35. ASTRAZENECA PLC ADR		2013-10-07	2015-06-01
	16. ATWOOD OCEANICS INC COM		2013-10-04	2015-02-27
	180. ATWOOD OCEANICS INC COM		2013-10-04	2015-09-18
	15. AVALONBAY CMNTYS INC		2014-09-02	2015-06-01
	27. BASF AKTIENGESELLSCHAFT - LVL 1 ADR		2014-08-08	2015-06-01
	60. BASF AKTIENGESELLSCHAFT - LVL 1 ADR		2013-10-07	2015-06-01
	233. BANCO BILBAO VIZCAYA ARGENT- ADR		2015-04-16	2015-06-01
	265. BANCO BILBAO VIZCAYA ARGENT- ADR		2013-07-03	2015-06-01
	22. BANK MONTREAL QUE COM		2014-08-08	2015-06-01
	65. BANK MONTREAL QUE COM		2013-10-07	2015-06-01
	28. BANK N S HALIFAX		2014-08-08	2015-06-01
	65. BANK N S HALIFAX		2013-10-07	2015-06-01
	11. BAXTER INTL INC		2014-08-07	2015-06-18
	104. BAXTER INTL INC		2014-04-09	2015-06-18
	6. BERKSHIRE HATHAWAY INC.		2014-04-09	2015-07-22
	35. BHP BILLITON LIMITED - ADR		2014-02-28	2015-06-01
	36. BHP BILLITON LIMITED - ADR		2015-02-20	2015-06-01
	3. BLACKROCK INC		2014-06-09	2015-07-22
	24. BLOCK H & R INC		2014-12-19	2015-02-27
	6. BOEING CO		2014-04-09	2015-07-28
	7. BOEING CO		2014-08-07	2015-10-23
	25. BOSTON PROPERTIES INC COM		2015-02-18	2015-06-01
	60. BRITISH AMERICAN TOBACCO P.L.C - ADR		2013-10-07	2015-06-01
	17. BRITISH AMERICAN TOBACCO P.L.C - ADR		2014-08-08	2015-06-01
	17. BROOKDALE SR LIVING INC		2015-01-23	2015-02-27
	21. BROOKDALE SR LIVING INC		2015-01-23	2015-06-01
	14. BROOKDALE SR LIVING INC		2015-01-23	2015-09-11
	89. BROOKDALE SR LIVING INC		2014-09-02	2015-09-11
	8. BROWN FORMAN CORP CL B		2013-10-04	2015-02-27
	7. CBL & ASSOC PPTYS INC COM		2014-09-02	2015-06-01
	36. CBL & ASSOC PPTYS INC COM		2014-08-08	2015-10-22
	8. CVS HEALTH CORPORATION		2014-04-09	2015-07-22
	10. CVS HEALTH CORPORATION		2015-09-01	2015-12-17
	10. CABELAS INC		2013-10-04	2015-02-27
	8. CABELAS INC		2012-05-03	2015-12-01
	25. CAMDEN PPTY TR SH BEN INT		2014-09-02	2015-06-01
	26. CAMDEN PPTY TR SH BEN INT		2014-08-08	2015-07-06
	3. CAMDEN PPTY TR SH BEN INT		2014-04-09	2015-07-06
	78. CAMDEN PPTY TR SH BEN INT		2014-04-09	2015-09-21
	.75 CARE CAPITAL PROPERTIES INC		2014-09-02	2015-08-26
	16. CARMAX INC		2013-10-04	2015-02-27
	55. CHEVRON CORP		2013-10-07	2015-06-01
	21. CHEVRON CORP		2014-08-08	2015-06-01
	160. CISCO SYSTEMS INC		2014-02-28	2015-06-01
	120. CISCO SYSTEMS INC		2014-11-14	2015-06-01
	31. CISCO SYSTEMS INC		2014-04-09	2015-07-22
	3. CISCO SYSTEMS INC		2014-08-07	2015-10-23
	30. CISCO SYSTEMS INC		2015-08-10	2015-10-23
	6. CINTAS CORP		2013-10-04	2015-02-10
	19. CINTAS CORP		2013-10-04	2015-02-27
	50. CINTAS CORP		2013-10-04	2015-09-18
	21. CITIGROUP INC.		2014-03-25	2015-07-22
	18. CITIGROUP INC.		2014-03-25	2015-12-17
	8000. CITIGROUP INC 4.450% 1/10/17		2015-09-25	2015-11-03
	186. COMPASS GROUP PLC - ADR		2015-02-20	2015-06-01
	10. CORRECTIONS CORP OF AMER		2012-05-03	2015-02-27
	54. CUBESMART		2014-10-22	2015-06-01
	7. CUMMINS INC.		2014-08-06	2015-07-28
	72. CYRUSONE INC		2015-07-06	2015-10-22
	56. DDR CORP		2014-09-02	2015-06-01
	8. DECKERS OUTDOOR CORP		2013-09-19	2015-02-27
	9. DECKERS OUTDOOR CORP		2013-10-04	2015-02-27
	138. DEUTSCHE BOERSE AG ADR		2014-08-08	2015-06-01
	335. DEUTSCHE BOERSE AG ADR		2013-10-07	2015-06-01
	20. DIAGEO PLC - ADR		2013-10-07	2015-06-01
	13. DIAGEO PLC - ADR		2014-09-04	2015-06-01
	7000. DIRECTV HLDG/FIN INC 3.500% 3/01/16		2014-04-24	2015-09-14
	2000. DIRECTV HLDG/FIN INC 3.500% 3/01/16		2015-06-30	2015-09-14
	10. WALT DISNEY CO		2014-04-09	2015-07-22
	566.765 DODGE & COX INT'L STOCK FD #1048		2015-06-03	2015-07-21
	1397.624 DODGE & COX INT'L STOCK FD #1048		2015-06-03	2015-07-29
	22. DOLLAR TREE INC		2013-10-14	2015-02-27
	36. DOLLAR TREE INC		2013-10-14	2015-07-17
	23. DOMINION RES INC VA		2013-10-07	2015-02-20
	27. DOMINION RES INC VA		2013-10-07	2015-06-01
	24. DOMINION RES INC VA		2014-08-08	2015-06-01
	46. DUKE REALTY CORPORATION		2014-09-02	2015-06-01
	12. DUKE ENERGY HOLDING CORP. COM		2014-08-08	2015-06-01
	34. DUKE ENERGY HOLDING CORP. COM		2013-10-07	2015-06-01
	50. DUPONT FABROS TECHNOLOGY INC		2012-10-08	2015-01-23
	64. DUPONT FABROS TECHNOLOGY INC		2014-09-02	2015-01-23
	28. E M C CORP MASS		2014-08-07	2015-07-28
	4. E M C CORP MASS		2014-04-09	2015-07-28
	252. E M C CORP MASS		2014-06-25	2015-10-23
	66. E M C CORP MASS		2015-09-01	2015-10-23
	97. ENI SPA - ADR		2013-10-07	2015-06-01
	19. EPR PROPERTIES		2014-09-02	2015-06-01
	5567.929 EATON VANCE FLOATING RATE FD-I #924		2013-05-09	2015-02-26
	16078.915 EATON VANCE FLOATING RATE FD-I #924		2014-04-02	2015-06-23
	4390.779 EATON VANCE FLOATING RATE FD-I #924		2014-08-04	2015-06-23
	1. EDUCATION REALTY TRUST INC		2014-09-10	2015-06-01
	8. ENERGIZER HOLDINGS INC		2013-10-04	2015-02-27
	50. EQUITY ONE INC		2015-03-24	2015-06-01
	25. EQUITY RESIDENTIAL PPTYS TR SH BEN		2015-02-04	2015-06-01
	17. ESSEX PPTY TR COM		2014-09-02	2015-06-01
	34. EXELIS INC		2014-11-12	2015-02-27
	572. EXELIS INC		2014-11-03	2015-06-01
	33. EXTRA SPACE STORAGE INC		2014-09-02	2015-05-27
	11. EXTRA SPACE STORAGE INC		2014-08-08	2015-06-01
	9. EXTRA SPACE STORAGE INC		2014-04-09	2015-06-01
	56. EXTRA SPACE STORAGE INC		2014-04-09	2015-07-21
	41. EXXON MOBIL CORPORATION		2014-08-08	2015-06-01
	10. FEDERAL RLTY INVT TR SH BEN INT		2014-09-02	2015-06-01
	2570.146 FID ADV EMER MKTS INC- CL I #607		2015-02-26	2015-12-04
	5652.25 FID ADV EMER MKTS INC- CL I #607		2013-06-25	2015-12-04
	30. FIRST INDL RLTY TR INC COM		2013-09-19	2015-02-27
	4. FIRST INDL RLTY TR INC COM		2014-09-02	2015-06-01
	86. FIRST INDL RLTY TR INC COM		2014-04-09	2015-06-01
	64. FIRST INDL RLTY TR INC COM		2014-09-02	2015-12-08
	5. GEO GROUP INC/THE		2014-09-02	2015-06-01
	106. GENERAL GROWTH PROPERTIE-W/I		2014-09-02	2015-06-01
	8. GILEAD SCIENCES INC		2013-10-07	2015-07-22
	30. GLAXOSMITHKLINE PLC - ADR		2014-08-08	2015-06-01
	80. GLAXOSMITHKLINE PLC - ADR		2013-10-07	2015-06-01
	4. GOLDMAN SACHS GROUP INC		2014-04-09	2015-07-22
	20779.221 GOLDMAN SACHS COMM STRATEGY #2653		2015-02-26	2015-07-29
	.0575 GOOGLE INC-CL C		2014-08-07	2015-05-06
	5. GOOGLE INC-CL C		2014-04-25	2015-07-22
	73. HCP INC		2012-05-04	2015-01-23
	19. HCP INC		2014-04-09	2015-01-23
	105. HSBC - ADR		2013-10-07	2015-06-01
	41. HSBC - ADR		2014-08-08	2015-06-01
	7000. HSBC FINANCE CORP 5.500% 1/19/16		2014-04-24	2015-09-08
	15. HARRIS CORP DEL		2014-08-08	2015-02-20
	45. HARRIS CORP DEL		2013-10-07	2015-02-20
	.63 HARRIS CORP DEL		2015-06-01	2015-06-16
	58. HARRIS CORP DEL		2015-06-01	2015-06-29
	12. HASBRO INC		2013-10-04	2015-02-27
	51. HASBRO INC		2015-02-20	2015-06-01
	48. HEALTH CARE REIT INC		2015-02-25	2015-06-01
	1.2975 HERMES INTL SHARES DEEMED RECEIVED		2015-02-27	2015-02-27
	7000. HOME DEPOT INC 5.400% 3/01/16		2014-04-24	2015-09-08
	2000. HOME DEPOT INC 5.400% 3/01/16		2015-06-30	2015-09-08
	53. HOST HOTELS & RESORTS, INC.		2014-09-02	2015-03-04
	123. HOST HOTELS & RESORTS, INC.		2014-09-02	2015-06-01
	3. HUDSON PACIFIC PROPERTIES INC		2015-05-27	2015-06-01
	.52 INDIVIOR PLC-SPON ADR		2014-08-08	2015-01-13
	4.2 INDIVIOR PLC-SPON ADR		2014-08-08	2015-01-14
	12.8 INDIVIOR PLC-SPON ADR		2013-07-19	2015-01-14
	26. INTERNATIONAL BUSINESS MACHS CORP		2014-08-07	2015-08-10
	141. ISHARES CORE S & P 500 ETF		2014-10-31	2015-05-29
	920. ISHARES CORE S & P 500 ETF		2013-10-11	2015-07-29
	402. ISHARES CORE S & P 500 ETF		2014-10-31	2015-07-29
	13. JPMORGAN CHASE & CO		2014-04-09	2015-07-22
	80. JOHNSON & JOHNSON		2014-05-05	2015-06-01
	30. JOHNSON & JOHNSON		2014-08-08	2015-06-01
	19. JONES LANG LASALLE INC		2014-09-02	2015-02-04
	16. JONES LANG LASALLE INC		2013-10-07	2015-02-04
	2500.777 JPMORGAN HIGH YIELD FUND SS #3580		2014-08-04	2015-06-23
	28195.489 JPMORGAN HIGH YIELD FUND SS #3580		2013-06-25	2015-06-23
	16. KILROY REALTY CORP COM		2014-09-02	2015-06-01
	53. KILROY REALTY CORP COM		2014-09-02	2015-11-25
	25. KIMBERLY CLARK CORP COM		2013-10-07	2015-02-20
	7. KIMBERLY CLARK CORP COM		2014-08-08	2015-02-20
	98. PHILIPS ELECTRONICS - NY SHR ADR		2013-10-31	2015-06-01
	131. PHILIPS ELECTRONICS - NY SHR ADR		2014-12-19	2015-06-01
	73. LVMH MOET HENNESSY UNSP ADR - ADR		2014-09-04	2015-06-01
	60. LVMH MOET HENNESSY UNSP ADR - ADR		2014-02-28	2015-06-01
	9. LANDSTAR SYS INC COM		2015-09-01	2015-12-01
	60. LAS VEGAS SANDS CORP		2015-04-16	2015-06-01
	55. LAS VEGAS SANDS CORP		2013-10-07	2015-06-01
	25. ELI LILLY & CO COM		2014-08-08	2015-06-01
	44. ELI LILLY & CO COM		2013-07-13	2015-06-01
	11. LOCKHEED MARTIN CORP		2014-08-08	2015-06-01
	22. LOCKHEED MARTIN CORP		2013-10-07	2015-06-01
	11. LORILLARD INC		2013-10-04	2015-02-27
	131. LORILLARD INC		2013-10-04	2015-06-12
	8. M & T BANK CORPORATION COM		2013-07-03	2015-02-27
	48. MBIA INC		2012-05-03	2015-02-27
	62. MBIA INC		2013-10-04	2015-02-27
	14. MACERICH CO COM		2015-03-24	2015-04-01
	23. MACERICH CO COM		2015-03-24	2015-04-08
	3. MACERICH CO COM		2015-03-24	2015-06-01
	25. MACERICH CO COM		2015-10-22	2015-11-25
	20. MATSON INC.		2012-05-03	2015-02-27
	10. MCDONALDS CORP		2014-08-08	2015-02-20
	30. MCDONALDS CORP		2013-10-07	2015-02-20
	4. MCKESSON CORP		2014-04-09	2015-07-22
	55. MERCK & CO INC NEW		2014-09-04	2015-06-01
	60. MERCK & CO INC NEW		2014-05-05	2015-06-01
	15000. METLIFE INC 5.000% 6/15/15		2014-04-24	2015-02-20
	115. MICHELIN (CGDE) ADR		2013-10-07	2015-06-01
	124. MICHELIN (CGDE) ADR		2014-12-19	2015-06-01
	43. MICROSOFT CORP		2014-08-08	2015-06-01
	110. MICROSOFT CORP		2013-10-07	2015-06-01
	3. MICROSOFT CORP		2014-08-07	2015-07-22
	18. MICROSOFT CORP		2014-04-09	2015-07-22
	67. MONSTER BEVERAGE CORP		2013-10-07	2015-01-12
	32. NATIONAL GRID PLC ADR		2013-10-07	2015-06-01
	29. NATIONAL GRID PLC ADR		2014-12-19	2015-06-01
	53. NATIONAL OILWELL INC COM		2014-11-24	2015-07-07
	94. NATIONAL OILWELL INC COM		2014-06-06	2015-07-07
	36. NESTLE S.A. REGISTERED SHARES - ADR		2014-08-08	2015-06-01
	107. NESTLE S.A. REGISTERED SHARES - ADR		2014-02-28	2015-06-01
	23. NETAPP INC		2015-01-02	2015-02-27
	2. NEWMARKET CORP		2012-05-03	2015-02-27
	3. NEWMARKET CORP		2013-10-04	2015-02-27
	33. NEXTERA ENERGY INC		2015-04-16	2015-06-01
	44. NOVARTIS AG - ADR		2014-11-14	2015-06-01
	50. NOVARTIS AG - ADR		2013-10-07	2015-06-01
	166. OLD DOMINION FREIGHT LINES INC		2012-05-03	2015-02-06
	13. OLD DOMINION FREIGHT LINES INC		2012-05-03	2015-02-20
	5. OLD DOMINION FREIGHT LINES INC		2011-07-13	2015-02-27
	10. OLD DOMINION FREIGHT LINES INC		2013-10-04	2015-02-27
	152. OLD DOMINION FREIGHT LINES INC		2011-07-13	2015-05-12
	19. OLIN CORP 1 COM & 1 TAEKOVER RT		2013-12-10	2015-09-28
	3903.709 OPPENHEIMER DEVELOPING MKT-I #799		2014-08-29	2015-12-04
	.658 ORBITAL ATK INC		2014-07-09	2015-02-19
	10. ORBITAL ATK INC		2014-07-09	2015-02-27
	6338.282 PIMCO FOREIGN BD FD USD H-INST #103		2015-02-26	2015-06-23
	7980.955 PIMCO FOREIGN BD FD USD H-INST #103		2013-06-25	2015-06-23
	64. PPL CORPORATION		2013-10-07	2015-04-16
	43. PPL CORPORATION		2014-08-08	2015-04-16
	116. PARAMOUNT GROUP INC		2014-11-21	2015-05-13
	134. PARAMOUNT GROUP INC		2014-11-21	2015-05-14
	19. PAYCHEX INC		2013-10-04	2015-02-27
	50. PEBBLEBROOK HOTEL TRUST		2014-09-02	2015-06-01
	129. PFIZER INC		2014-11-14	2015-06-01
	215. PFIZER INC		2013-10-07	2015-06-01
	65. PHILIP MORRIS INTERNATIONAL IN		2013-10-07	2015-06-01
	30. PHILIP MORRIS INTERNATIONAL IN		2014-08-08	2015-06-01
	4. PRICESMART INC		2013-10-04	2015-02-27
	6. PRICESMART INC		2012-05-03	2015-12-01
	16477.316 PRINCIPAL PREFERRED SEC-INS #4929		2013-07-02	2015-05-29
	427.899 PRINCIPAL MIDCAP FD-IN #4749		2014-11-03	2015-05-29
	857.265 PRINCIPAL MIDCAP FD-IN #4749		2014-11-03	2015-07-21
	63. PROLOGIS INC		2014-04-09	2015-06-01
	3. PROLOGIS INC		2014-09-02	2015-06-01
	35. PRUDENTIAL PLC - ADR		2013-10-07	2015-04-16
	85. PRUDENTIAL PLC - ADR		2013-10-07	2015-06-01
	50. PRUDENTIAL PLC - ADR		2014-08-08	2015-06-01
	22. PUBLIC SVC ENTERPRISE GROUP INC		2014-08-08	2015-06-01
	65. PUBLIC SVC ENTERPRISE GROUP INC		2013-10-07	2015-06-01
	5.98137 PUBLIC STORAGE INC COM		2015-05-27	2015-06-01
	12.01863 PUBLIC STORAGE INC COM		2015-05-27	2015-06-01
	7. PUBLIC STORAGE INC COM		2015-07-21	2015-12-29
	47. PULTE GRP INC		2014-04-02	2015-02-27
	132. RECKITT BENCKIS/S ADR		2013-07-19	2015-04-16
	118. RECKITT BENCKIS/S ADR		2014-08-08	2015-06-01
	188. RECKITT BENCKIS/S ADR		2013-07-19	2015-06-01
	.108 REYNOLDS AMERICAN INC		2015-06-12	2015-06-25
	38. REYNOLDS AMERICAN INC		2015-06-12	2015-07-17
	61. RIO TINTO PLC - ADR		2014-09-04	2015-06-01
	164. RITCHIE BROS AUCTIONEERS INC COM		2012-06-06	2015-09-01
	69. ROCHE HOLDINGS LTD - ADR		2014-08-08	2015-06-01
	154. ROCHE HOLDINGS LTD - ADR		2013-07-03	2015-06-01
	4065.041 T ROWE PRICE INST FLOAT RATE #170		2015-06-23	2015-12-04
	80. ROYAL DUTCH SHELL PLC ADR		2013-10-07	2015-06-01
	91. ROYAL DUTCH SHELL PLC ADR		2015-02-20	2015-06-01
	26. SL GREEN REALTY CORP COM		2014-09-02	2015-06-01
	19. SL GREEN REALTY CORP COM		2014-08-08	2015-12-29
	54. SANOFI-ADR		2014-09-04	2015-06-01
	45. SANOFI-ADR		2013-10-07	2015-06-01
	19. SAUL CTRS INC COM		2014-09-02	2015-06-01
	13. SCHLUMBERGER LTD		2014-11-24	2015-10-23
	3. SERVICE CORP INTL		2012-05-03	2015-02-20
	16. SERVICE CORP INTL		2012-05-03	2015-02-27
	239. SERVICE CORP INTL		2012-05-03	2015-09-01
	28. SIEMENS AG - SPONSORED ADR		2014-09-04	2015-06-01
	26. SIEMENS AG - SPONSORED ADR		2013-10-31	2015-06-01
	6. SIMON PROPERTY GROUP INC		2015-02-18	2015-03-04
	46. SIMON PROPERTY GROUP INC		2015-04-22	2015-06-01
	111. SINGAPORE TELECOMMUNICATIONS LTD ADR		2013-10-07	2015-06-01
	40. SINGAPORE TELECOMMUNICATIONS LTD ADR		2014-08-08	2015-06-01
	28. SOUTH32 - ADR		2015-05-29	2015-06-02
	.4 SOUTH32 - ADR		2015-05-29	2015-06-04
	12. STORE CAPITAL CORP		2014-11-20	2015-06-01
	62. STRATEGIC HOTELS & RESORTS INC		2014-09-02	2015-06-01
	401. STRATEGIC HOTELS & RESORTS INC		2014-09-02	2015-10-22
	9. STURM RUGER & CO INC		2013-09-18	2015-12-01
	162. SUMITOMO TRUST AND BANKING ADR		2014-08-08	2015-06-01
	395. SUMITOMO TRUST AND BANKING ADR		2013-10-07	2015-06-01
	12. SUN CMNTYS INC COM		2014-08-08	2015-06-01
	.9154 SUNSTONE HOTEL INVS INC NEW		2015-01-30	2015-02-06
	89. SUNSTONE HOTEL INVS INC NEW		2015-02-11	2015-06-01
	24. SUPERIOR ENERGY SERVICES INC		2015-02-20	2015-02-27
	21. SYMANTEC CORP		2014-04-29	2015-02-27
	13. TJX COMPANIES INC		2014-04-09	2015-07-28
	28. TAUBMAN CTRS INC COM		2013-07-19	2015-03-13
	52. TAUBMAN CTRS INC COM		2014-09-02	2015-03-24
	1. TAUBMAN CTRS INC COM		2013-10-07	2015-03-24
	8. TAUBMAN CTRS INC COM		2013-10-07	2015-03-31
	13. TEJON RANCH CO		2012-05-03	2015-02-27
	16. TELENOR ASA - ADR		2014-08-08	2015-06-01
	40. TELENOR ASA - ADR		2013-10-07	2015-06-01
	122. TELSTRA CORP-ADR		2013-10-07	2015-06-01
	44. TELSTRA CORP-ADR		2014-08-08	2015-06-01
	15. TEMPUR SEALY INTERNATIONAL		2013-10-04	2015-02-27
	6. TEMPUR SEALY INTERNATIONAL		2014-11-03	2015-09-28
	7. TENET HEALTHCARE CORPORATION		2012-05-03	2015-02-27
	16. TENET HEALTHCARE CORPORATION		2013-10-04	2015-02-27
	7. THERMO FISHER SCIENTIFIC INC		2014-04-09	2015-07-22
	105. TORONTO DOMINION BK ONT COM NEW		2015-04-16	2015-06-01
	55. TOTAL S.A. - ADR		2015-02-20	2015-06-01
	80. TOTAL S.A. - ADR		2013-10-07	2015-06-01
	51. TOYOTA MOTOR CORPORATION - ADR		2014-08-08	2015-06-01
	44. TREDEGAR CORPORATION		2012-05-03	2015-02-23
	32. TREDEGAR CORPORATION		2012-05-03	2015-02-27
	255. E-TRACS ALERIAN MLP INFRASTRUCTURE		2014-10-31	2015-02-26
	747. E-TRACS ALERIAN MLP INFRASTRUCTURE		2014-10-31	2015-07-21
	188. US BANCORP		2014-04-09	2015-05-27
	20. US BANCORP		2014-08-07	2015-05-27
	120. UNILEVER N.V. - ADR		2013-10-07	2015-06-01
	46. UNILEVER N.V. - ADR		2014-08-08	2015-06-01
	9. UNION PACIFIC CORP		2014-08-07	2015-07-28
	8. UNITED PARCEL SERVICE-CL B		2014-04-09	2015-05-05
	1. UNITED PARCEL SERVICE-CL B		2014-08-07	2015-05-05
	27000. US TREASURY NOTE 2.125% 5/31/15		2014-04-24	2015-05-31
	40. UNITEDHEALTH GROUP INC		2013-10-07	2015-02-27
	7. UNITEDHEALTH GROUP INC		2014-04-09	2015-07-28
	1.5 URBAN EDGE PROPERTIES-W/I		2014-04-09	2015-05-27
	26.5 URBAN EDGE PROPERTIES-W/I		2014-09-02	2015-05-27
	8. URBAN EDGE PROPERTIES-W/I		2014-04-09	2015-06-01
	34. URBAN EDGE PROPERTIES-W/I		2014-04-09	2015-06-25
	17211.704 VANGUARD HIGH YIELD CORP-ADM #529		2015-06-23	2015-08-28
	1757.469 VANGUARD HIGH YIELD CORP-ADM #529		2015-06-23	2015-12-04
	53. VENTAS INC COM		2015-02-11	2015-06-01
	15. VENTAS INC COM		2014-09-02	2015-12-08
	9.99365 VENTAS INC COM		2014-09-02	2015-12-29
	28.00635 VENTAS INC COM		2014-09-02	2015-12-29
	51. VEREIT, INC.		2014-12-03	2015-08-04
	82. VERIZON COMMUNICATIONS		2013-10-07	2015-06-01
	16. VISTA OUTDOOR INC		2015-01-02	2015-02-27
	15. VORNADO REALTY TRUST		2014-09-02	2015-05-27
	22. VORNADO REALTY TRUST		2014-09-02	2015-06-01
	39. VORNADO REALTY TRUST		2014-04-09	2015-06-29
	16. VORNADO REALTY TRUST		2014-08-08	2015-06-29
	15. VOYA FINANCIAL INC		2015-02-10	2015-02-27
	8. VULCAN MATERIALS COMPANY		2013-10-04	2015-02-27
	23. WP GLIMCHER INC		2014-04-09	2015-06-01
	2. WP GLIMCHER INC		2014-09-02	2015-06-01
	1. WP GLIMCHER INC		2012-05-04	2015-06-29
	49. WP GLIMCHER INC		2014-09-02	2015-06-29
	53. WP GLIMCHER INC		2013-10-07	2015-08-03
	16. WADDELL & REED FINANCIAL INC COM		2015-02-06	2015-02-27
	9191.176 WASATCH EMERGING MKT S/C FD #34		2013-05-09	2015-07-21
	22641.509 WASATCH EMERGING MKT S/C FD #34		2013-10-01	2015-07-29
	78. WELLTOWER INC		2014-09-24	2015-11-02
	4. WHIRLPOOL CORP		2013-10-04	2015-02-27
	4. WORLD FUEL SERVICES CORP COM		2012-05-03	2015-05-12
	57. ZURICH INSURANCE GROUP-ADR		2014-08-08	2015-06-01
	135. ZURICH INSURANCE GROUP-ADR		2013-10-07	2015-06-01
	55. EATON CORP PLC		2013-10-07	2015-06-01
	32. EATON CORP PLC		2014-08-08	2015-06-01
	.312 ENDURANCE SPECIALTY HOLDINGS		2012-05-03	2015-08-11
	104. ENDURANCE SPECIALTY HOLDINGS		2012-05-03	2015-09-01
	17. MONTPELIER RE HOLDINGS LTD		2012-05-03	2015-02-27
	1. WHITE MTNS INS GROUP		2012-05-03	2015-02-27
	295.9584 GAI AGILITY INCOME FUND		2012-03-30	2015-12-31
	61. LYONDELLBASELL INDU-CL A		2014-11-14	2015-06-01
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	10,083	10,258	-175
b	706	328	378
c	9,248	4,288	4,960
d	874	768	106
e	1,089	1,162	-73
	10,787	12,034	-1,247
	681	805	-124
	376	371	5
	657	659	-2
	1,426	1,227	199
	6,707	4,866	1,841
	531	554	-23
	563	594	-31
	1,077	726	351
	10,253	8,168	2,085
	1,125	957	168
	1,767	2,676	-909
	3,440	6,389	-2,949
	2,502	2,313	189
	500	302	198
	1,999	2,024	-25
	10,000	12,064	-2,064
	940	959	-19
	2,349	1,796	553
	494	897	-403
	3,051	10,094	-7,043
	2,520	2,303	217
	2,486	2,703	-217
	5,524	5,725	-201
	2,286	2,538	-252
	2,600	2,202	398
	1,339	1,588	-249
	3,957	4,352	-395
	1,478	1,823	-345
	3,431	3,722	-291
	762	812	-50
	7,205	6,693	512
	860	744	116
	1,534	2,430	-896
	1,578	2,044	-466
	1,049	941	108
	822	823	-1
	850	764	86
	1,026	852	174
	3,283	3,174	109
	6,579	6,186	393
	1,864	1,967	-103
	632	625	7
	790	772	18
	374	514	-140
	2,375	2,665	-290
	734	548	186
	124	134	-10
	542	637	-95
	887	595	292
	953	1,005	-52
	541	614	-73
	374	296	78
	1,899	1,868	31
	1,995	1,881	114
	230	205	25
	5,725	5,189	536
	23	25	-2
	1,075	770	305
	5,653	6,544	-891
	2,158	2,678	-520
	4,691	3,514	1,177
	3,518	3,064	454
	851	716	135
	88	75	13
	878	858	20
	480	304	176
	1,592	962	630
	4,306	2,531	1,775
	1,264	1,057	207
	956	906	50
	8,325	8,316	9
	3,288	3,256	32
	398	267	131
	1,305	1,058	247
	896	978	-82
	2,527	2,144	383
	953	983	-30
	596	495	101
	671	616	55
	1,101	973	128
	2,673	2,549	124
	2,212	2,519	-307
	1,438	1,580	-142
	7,098	7,321	-223
	2,028	2,033	-5
	1,192	804	388
	25,000	25,737	-737
	60,000	63,466	-3,466
	1,741	1,291	450
	2,960	2,112	848
	1,689	1,429	260
	1,909	1,678	231
	1,697	1,620	77
	907	858	49
	915	856	59
	2,591	2,271	320
	1,871	1,318	553
	2,394	1,711	683
	748	810	-62
	107	110	-3
	6,573	6,505	68
	1,722	1,589	133
	3,452	4,526	-1,074
	1,104	1,040	64
	50,000	51,448	-1,448
	143,906	147,914	-4,008
	39,297	40,000	-703
	33	33
	1,074	745	329
	1,253	1,359	-106
	1,874	1,865	9
	3,841	3,271	570
	824	609	215
	14,154	10,142	4,012
	2,335	1,727	608
	777	574	203
	635	432	203
	3,951	2,620	1,331
	3,500	4,222	-722
	1,365	1,245	120
	32,821	33,695	-874
	72,179	83,000	-10,821
	638	508	130
	79	73	6
	1,695	1,646	49
	1,436	1,168	268
	192	187	5
	3,022	2,557	465
	942	495	447
	1,328	1,395	-67
	3,541	4,039	-498
	852	633	219
	71,065	80,000	-8,935
	32	32
	3,301	2,620	681
	3,506	2,916	590
	913	741	172
	4,978	5,707	-729
	1,944	2,169	-225
	7,115	7,551	-436
	1,172	1,035	137
	3,515	2,646	869
	50	50
	4,473	4,595	-122
	747	567	180
	3,698	3,133	565
	3,418	3,692	-274
	455	473	-18
	7,162	7,615	-453
	2,046	2,064	-18
	1,108	1,209	-101
	2,493	2,718	-225
	92	93	-1
	6	6
	48	50	-2
	146	125	21
	4,077	4,747	-670
	30,066	28,568	1,498
	194,771	154,953	39,818
	85,107	81,449	3,658
	910	768	142
	8,018	7,253	765
	3,007	3,020	-13
	2,995	2,419	576
	2,522	1,345	1,177
	19,131	19,981	-850
	215,695	225,000	-9,305
	1,116	1,014	102
	3,564	3,196	368
	2,748	2,265	483
	770	717	53
	2,667	3,477	-810
	3,564	3,897	-333
	2,602	2,569	33
	2,139	2,231	-92
	562	586	-24
	2,997	3,640	-643
	2,747	3,630	-883
	1,990	1,522	468
	3,502	2,218	1,284
	2,110	1,822	288
	4,220	2,724	1,496
	754	499	255
	9,365	5,943	3,422
	970	902	68
	436	478	-42
	563	653	-90
	1,124	1,221	-97
	1,799	2,007	-208
	251	262	-11
	1,986	2,148	-162
	800	507	293
	939	935	4
	2,818	2,841	-23
	938	692	246
	3,348	3,250	98
	3,652	3,481	171
	15,211	15,768	-557
	2,467	2,450	17
	2,660	2,433	227
	2,042	1,860	182
	5,225	3,707	1,518
	136	130	6
	815	727	88
	7,644	3,467	4,177
	2,286	1,909	377
	2,072	2,065	7
	2,395	3,984	-1,589
	4,248	6,741	-2,493
	2,772	2,743	29
	8,240	6,847	1,393
	892	953	-61
	941	443	498
	1,412	854	558
	3,441	3,424	17
	4,546	3,939	607
	5,166	3,771	1,395
	12,320	5,067	7,253
	994	381	613
	391	130	261
	781	471	310
	10,912	3,952	6,960
	304	522	-218
	120,000	157,726	-37,726
	44	42	2
	675	637	38
	66,806	70,000	-3,194
	84,119	83,321	798
	2,130	1,927	203
	1,431	1,413	18
	2,150	2,145	5
	2,470	2,478	-8
	948	749	199
	2,177	1,928	249
	4,471	3,745	726
	7,452	6,196	1,256
	5,413	5,653	-240
	2,498	2,511	-13
	315	391	-76
	562	499	63
	169,881	170,540	-659
	10,000	9,538	462
	20,000	19,108	892
	2,526	2,597	-71
	120	123	-3
	1,744	1,329	415
	4,193	3,228	965
	2,466	2,241	225
	949	779	170
	2,803	2,137	666
	1,172	1,173	-1
	2,354	2,357	-3
	1,762	1,407	355
	1,063	926	137
	2,352	1,835	517
	2,120	1,973	147
	3,378	2,613	765
	8	8
	3,000	2,742	258
	2,633	3,249	-616
	4,379	3,254	1,125
	2,556	2,476	80
	5,706	3,633	2,073
	40,000	41,260	-1,260
	4,711	5,210	-499
	5,359	6,491	-1,132
	3,139	2,828	311
	2,164	2,024	140
	2,659	2,941	-282
	2,216	2,282	-66
	964	944	20
	1,018	1,281	-263
	74	35	39
	398	186	212
	6,907	2,784	4,123
	2,949	3,494	-545
	2,739	3,326	-587
	1,129	1,154	-25
	8,443	7,940	503
	3,375	3,338	37
	1,216	1,255	-39
	232	252	-20
	3	4	-1
	251	238	13
	760	744	16
	5,631	4,000	1,631
	466	551	-85
	1,489	1,299	190
	3,630	3,788	-158
	774	645	129
	16	16
	1,373	1,424	-51
	535	538	-3
	528	424	104
	880	782	98
	2,143	2,125	18
	4,140	3,769	371
	80	68	12
	622	543	79
	320	387	-67
	1,063	1,078	-15
	2,658	2,800	-142
	2,871	2,839	32
	1,035	1,108	-73
	859	672	187
	434	319	115
	324	144	180
	741	748	-7
	978	841	137
	4,542	4,605	-63
	2,765	3,231	-466
	4,022	4,673	-651
	7,011	6,128	883
	925	753	172
	656	547	109
	9,983	11,064	-1,081
	24,979	31,841	-6,862
	8,256	6,964	1,292
	878	813	65
	5,094	4,539	555
	1,953	1,863	90
	873	878	-5
	802	782	20
	100	95	5
	27,000	27,592	-592
	4,549	2,894	1,655
	849	570	279
	33	28	5
	584	527	57
	174	151	23
	744	553	191
	100,000	102,410	-2,410
	10,000	10,457	-457
	3,562	4,058	-496
	801	854	-53
	563	569	-6
	1,577	1,563	14
	449	473	-24
	4,049	3,886	163
	699	524	175
	1,530	1,439	91
	2,224	2,081	143
	3,750	3,315	435
	1,539	1,507	32
	660	622	38
	663	420	243
	320	458	-138
	28	39	-11
	14	18	-4
	674	933	-259
	728	966	-238
	794	758	36
	25,000	28,401	-3,401
	60,000	63,858	-3,858
	5,072	4,972	100
	846	554	292
	205	158	47
	1,798	1,680	118
	4,258	3,452	806
	3,953	3,626	327
	2,300	2,102	198
	21	14	7
	6,507	4,204	2,303
	616	356	260
	667	526	141
	279,605	308,529	-28,924
	6,205	6,082	123
			127,108

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			-175
b			378
c			4,960
d			106
e			-73
			-1,247
			-124
			5
			-2
			199
			1,841
			-23
			-31
			351
			2,085
			168
			-909
			-2,949
			189
			198
			-25
			-2,064
			-19
			553
			-403
			-7,043
			217
			-217
			-201
			-252
			398
			-249
			-395
			-345
			-291
			-50
			512
			116
			-896
			-466
			108
			-1
			86
			174
			109
			393
			-103
			7
			18
			-140
			-290
			186
			-10
			-95
			292
			-52
			-73
			78
			31
			114
			25
			536
			-2
			305
			-891
			-520
			1,177
			454
			135
			13
			20
			176
			630
			1,775
			207
			50
			9
			32
			131
			247
			-82
			383
			-30
			101
			55
			128
			124
			-307
			-142
			-223
			-5
			388
			-737
			-3,466
			450
			848
			260
			231
			77
			49
			59
			320
			553
			683
			-62
			-3
			68
			133
			-1,074
			64
			-1,448
			-4,008
			-703

			329
			-106
			9
			570
			215
			4,012
			608
			203
			203
			1,331
			-722
			120
			-874
			-10,821
			130
			6
			49
			268
			5
			465
			447
			-67
			-498
			219
			-8,935

			681
			590
			172
			-729
			-225
			-436
			137
			869

			-122
			180
			565
			-274
			-18
			-453
			-18
			-101
			-225
			-1

			-2
			21
			-670
			1,498
			39,818
			3,658
			142
			765
			-13
			576
			1,177
			-850
			-9,305
			102
			368
			483
			53
			-810
			-333
			33
			-92
			-24
			-643
			-883
			468
			1,284
			288
			1,496
			255
			3,422
			68
			-42
			-90
			-97
			-208
			-11
			-162
			293
			4
			-23
			246
			98
			171
			-557
			17
			227
			182
			1,518
			6
			88
			4,177
			377
			7
			-1,589
			-2,493
			29
			1,393
			-61
			498
			558
			17
			607
			1,395
			7,253
			613
			261
			310
			6,960
			-218
			-37,726
			2
			38
			-3,194
			798
			203
			18
			5
			-8
			199
			249
			726
			1,256
			-240
			-13
			-76
			63
			-659
			462
			892
			-71
			-3
			415
			965
			225
			170
			666
			-1
			-3
			355
			137
			517
			147
			765

			258
			-616
			1,125
			80
			2,073
			-1,260
			-499
			-1,132
			311
			140
			-282
			-66
			20
			-263
			39
			212
			4,123
			-545
			-587
			-25
			503
			37
			-39
			-20
			-1
			13
			16
			1,631
			-85
			190
			-158
			129

			-51
			-3
			104
			98
			18
			371
			12
			79
			-67
			-15
			-142
			32
			-73
			187
			115
			180
			-7
			137
			-63
			-466
			-651
			883
			172
			109
			-1,081
			-6,862
			1,292
			65
			555
			90
			-5
			20
			5
			-592
			1,655
			279
			5
			57
			23
			191
			-2,410
			-457
			-496
			-53
			-6
			14
			-24
			163
			175
			91
			143
			435
			32
			38
			243
			-138
			-11
			-4
			-259
			-238
			36
			-3,401
			-3,858
			100
			292
			47
			118
			806
			327
			198
			7
			2,303
			260
			141
			-28,924
			123

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	106,307
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	313,952	8,030,698	0.039094
2013	259,030	7,725,958	0.033527
2012	352,048	5,550,245	0.063429
2011	347,859	6,721,870	0.05175
2010	282,830	7,141,372	0.039604

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

20.227404

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.045481

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

7,600,290

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

345,669

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

2,232

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

347,901

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

523,863

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,232
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,232
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,232
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	21,531
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	21,531
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	19,299
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,232	Refunded	11	17,067

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(855) 739-2921

Located at bullet

1 WEST 4TH STREETWINSTON SALEMNC ZIP+4 bullet

27101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
WELLS FARGO BANK NA	TRUSTEE 0	102,536
1525 WEST WT HARRIS D1114-044 CHARLOTTE,NC28288	TRUSTEE 0	102,536
JAMES L HENDERSON JR	ADV COMM 0	0
797 WYNN DRIVE HAMPTON,GA30228	ADV COMM 0	0
KEITH MCBRAYER	ADV COMM 0	0
595 SOUTH HAMPTON ROAD HAMPTON,GA30228	ADV COMM 0	0
J W MARTIN	ADV COMM 0	0
106 WOODCREST DRIVE GRIFFIN,GA30223	ADV COMM 0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. 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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

7,513,466

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

202,564

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

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

7,716,030

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

7,716,030

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

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

115,740

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

7,600,290

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

380,015

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

380,015

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

2,232

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

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

2,232

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

377,783

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

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

377,783

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

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

377,783

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

523,863

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

523,863

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

2,232

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

521,631

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					377,783
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				312,924
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 523,863
a Applied to 2014, but not more than line 2a				312,924
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					210,939
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					166,844
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BEREA CHRISTIAN CHURCH 37 WOOLSEY ROAD HAMPTON,GA30228	NONE	PC	GENERAL SUPPORT	45,000
HAMPTON UNITED METHODIST CHURCH 10 WEST MAIN STREET HAMPTON,GA30228	NONE	PC	GENERAL SUPPORT	45,000
BEAR CREEK ASSOCIATION INC 171 LAKE HAMPTON DR HAMPTON,GA30228	NONE	PC	GENERAL SUPPORT	250,000
BOY SCOUTS OF AMERICA FLINT RIVER PO BOX 173 GRIFFIN,GA30224	NONE	PC	GENERAL SUPPORT	10,000
HENRY COUNTY HIGH SCHOOL FDN PO BOX 880 MCDONOUGH,GA30253	NONE	PC	SCHOLARSHIPS	20,000
THE HENRY COUNTY COUNCIL ON AGING INC 1050 FLORENCE MCGARITY BLVD MCDONOUGH,GA30252	NONE	PC	GENERAL SUPPORT	13,000
NOAHS ARK ANIMAL REHABILITATION CENTER 712 L G GRIFFIN ROAD LOCUST GROVE,GA302484317	NONE	PC	GENERAL SUPPORT	10,000
A FRIENDS HOUSE INC 111 HENRY PARKWAY MCDONOUGH,GA302533369	NONE	PC	GENERAL SUPPORT	5,000
SOUTHERN CRESCENT SEXUAL ASSAULT CENTER 2 WEST MAIN STREET HAMPTON,GA30228	NONE	PC	GENERAL SUPPORT	15,000
FORTSON YOUTH TRAINING CENTER INC 999 FORTSON ROAD HAMPTON,GA302282257	NONE	PC	GENERAL SUPPORT	45,000
HENRY COUNTY CANCER SERVICES INC PO BOX 3417 MCDONOUGH,GA30253	NONE	PC	GENERAL SUPPORT	15,000
Total ................................. 3a				473,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	22
4 Dividends and interest from securities....			14	185,828
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....				-8,800
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	106,307
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFEE REBATES			1	1,477
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				284,834

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

13284,834

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
037833AK6 APPLE INC	13,665	13,641
044820504 ASHMORE EMERG MKTS C	89,022	70,970
277911491 EATON VANCE FLOATING
315920702 FID ADV EMER MKTS IN	71,305	71,621
4812C0803 JPMORGAN HIGH YIELD
693390882 PIMCO FOREIGN BD FD
74253Q416 PRINCIPAL PREFERRED
00206RAV4 AT&T INC
031162AZ3 AMGEN INC	13,875	13,230
06051GEC9 BANK OF AMERICA CORP	17,081	16,662
084664BE0 BERKSHIRE HATHAWAY	15,951	15,196
166751AJ6 CHEVRON CORP	15,916	15,253
25459HAY1 DIRECTV HLDG/FIN INC
260543CF8 DOW CHEMICAL CO/THE	9,512	9,436
36962G5J9 GENERAL ELEC CAP COR	18,785	18,822
38141GFG4 GOLDMAN SACHS GROUP	15,788	15,078
40429CFN7 HSBC FINANCE CORP
406216BD2 HALLIBURTON COMPANY	14,214	13,740
437076AP7 HOME DEPOT INC
464288588 ISHARES MBS ETF	33,180	33,387
46429B366 ISHARES CMBS ETF	12,855	12,665
46625HHU7 JPMORGAN CHASE & CO	15,274	14,852
494550AY2 KINDER MORGAN ENER	10,177	9,228
59156RAN8 METLIFE INC
713448BN7 PEPSICO INC	15,449	15,205
742718DY2 PROCTER & GAMBLE CO/	16,438	16,988
816851AN9 SEMPRA ENERGY	9,893	9,163
87612EAN6 TARGET CORP	13,259	12,311
887317AF2 TIME WARNER INC	5,577	5,406
92343VBR4 VERIZON COMMUNICATIO	5,602	5,497
931142CU5 WAL-MART STORES INC	14,940	14,979
94973VAS6 WELLPOINT INC	5,393	5,296
20825CAR5 CONOCOPHILLIPS	22,256	21,647
59156RBH0 METLIFE INC	10,246	10,260
77958B402 T ROWE PRICE INST FL	138,740	133,272
913017BV0 UNITED TECHNOLOGIES	9,296	9,160
922031760 VANGUARD HIGH YIELD	107,133	99,751

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
70299RF16 PARTNERS GROUP PRIV	AT COST	150,000	222,979
AGO992121 AURORA GLOBAL OPP II
GTY995004 GAI AGILITY INCOME F	AT COST	308,529	290,497
SKY990RF9 SKYBRIDGE MULTI-ADVI	AT COST	249,095	237,520
GTC999HB8 GAI CORBIN FUND 5% H

Description	Amount
MUTUAL FUND POSTING DATE AFTER TYE	2,941
ROC BASIS ADJUSTMENT	7,560
ACCR INT POST BEFORE TY	190
DISALLOWED WASH SALES	414
SALES WITH GAIN POST AFTER TYE	503
SALES WITH LOSS EFFECTIVE PRIOR YEAR	3,286
ROUNDING	5

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
RENTAL REPAIRS & MAINTENANCE		6,300	0
RENTAL OTHER EXPENSES		2,500	0
ADR FEES	159	159	0
PARTNERSHIP OTHER DEDUCTIONS		1,719	0
Rent and Royalty Expense	8,800

Description	Amount
MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE	13,128
ACCR INT EFFECTIVE AFTER TYE	461
SALES WITH GAIN EFFECTIVE PRIOR YEAR	42,665
SALES WITH LOSS POST AFTER TYE	28,924

Name of Stock	End of Year Book Value	End of Year Fair Market Value
007974108 ADVENT SOFTWARE INC
008252108 AFFILIATED MANAGERS	7,938	6,870
012653101 ALBEMARLE CORP COM	8,588	7,449
014491104 ALEXANDER & BALDWIN	5,981	7,804
017175100 ALLEGHANY CORP DEL N	8,962	11,470
018804104 ALLIANT TECHSYSTEMS
02553E106 AMERICAN EAGLE OUTFI	4,765	4,278
032095101 AMPHENOL CORP CL A	8,134	11,125
03524A108 ANHEUSER-BUSCH INBEV
037411105 APACHE CORP
03748R101 APARTMENT INVT & MGM	8,564	11,328
037833100 APPLE INC	20,407	26,841
046353108 ASTRAZENECA PLC ADR
050095108 ATWOOD OCEANICS INC	15,269	3,673
053484101 AVALONBAY CMNTYS INC	11,171	14,546
055262505 BASF AKTIENGESELLSCH
05946K101 BANCO BILBAO VIZCAYA
063671101 BANK MONTREAL QUE CO
064149107 BANK N S HALIFAX
071813109 BAXTER INTL INC
084670702 BERKSHIRE HATHAWAY I	13,907	15,581
088606108 BHP BILLITON LIMITED
097023105 BOEING CO	15,255	17,785
101121101 BOSTON PROPERTIES IN	12,826	14,540
110448107 BRITISH AMERICAN TOB
112463104 BROOKDALE SR LIVING
115637209 BROWN FORMAN CORP CL	6,097	8,836
12572Q105 CME GROUP INC	9,728	11,597
126650100 CVS HEALTH CORPORATI	8,713	13,394
126804301 CABELAS INC	14,086	15,982
133131102 CAMDEN PPTY TR SH BE
143130102 CARMAX INC	7,443	10,146
150870103 CELANESE CORP	10,208	12,052
166764100 CHEVRON CORP
17275R102 CISCO SYSTEMS INC	11,806	13,605
172908105 CINTAS CORP	7,591	13,658
20030N101 COMCAST CORP CLASS A	11,700	13,825
22025Y407 CORRECTIONS CORP OF	8,788	9,377
229663109 CUBESMART	4,885	8,145
231021106 CUMMINS INC.	12,957	8,537
23317H102 DDR CORP	5,610	5,793
243537107 DECKERS OUTDOOR CORP	13,711	10,101
251542106 DEUTSCHE BOERSE AG A
25243Q205 DIAGEO PLC - ADR	7,312	6,544
254687106 WALT DISNEY CO	10,716	16,077
256206103 DODGE & COX INT'L ST	415,797	357,590
256746108 DOLLAR TREE INC	11,329	15,753
25746U109 DOMINION RES INC VA
264411505 DUKE REALTY CORPORAT	4,396	5,591
26441C204 DUKE ENERGY HOLDING
26613Q106 DUPONT FABROS TECHNO
268648102 E M C CORP MASS
26874R108 ENI SPA - ADR
26884U109 EPR PROPERTIES	5,101	5,962
278265103 EATON VANCE CORP COM	4,392	5,740
29266R108 ENERGIZER HOLDINGS I
294752100 EQUITY ONE INC	5,428	6,326
29476L107 EQUITY RESIDENTIAL P	16,723	20,805
297178105 ESSEX PPTY TR COM	12,836	18,435
30225T102 EXTRA SPACE STORAGE	1,568	2,999
313747206 FEDERAL RLTY INVT TR	5,118	6,867
32054K103 FIRST INDL RLTY TR I	13,427	19,961
370023103 GENERAL GROWTH PROPE	12,000	15,074
375558103 GILEAD SCIENCES INC	5,804	8,500
37733W105 GLAXOSMITHKLINE PLC
38141G104 GOLDMAN SACHS GROUP	6,637	7,389
40414L109 HCP INC
404280406 HSBC - ADR	10,787	8,249
413838202 OAKMARK INTERNATIONA	510,000	429,188
413875105 HARRIS CORP DEL
418056107 HASBRO INC	5,666	8,083
42217K106 HEALTH CARE REIT INC
44107P104 HOST HOTELS & RESORT	9,969	8,238
459200101 INTERNATIONAL BUSINE
464287200 ISHARES CORE S & P 5
46625H100 JPMORGAN CHASE & CO	11,916	14,461
478160104 JOHNSON & JOHNSON
478366107 JOHNSON CONTROLS INC	8,265	7,780
48020Q107 JONES LANG LASALLE I
4812A2389 JPMORGAN U.S. L/C CO	630,000	618,803
483548103 KAMAN CORPCOMMON	3,622	4,734
49427F108 KILROY REALTY CORP C	3,142	3,860
494368103 KIMBERLY CLARK CORP
500472303 PHILIPS ELECTRONICS
517834107 LAS VEGAS SANDS CORP	9,151	6,620
532457108 ELI LILLY & CO COM
539830109 LOCKHEED MARTIN CORP
544147101 LORILLARD INC
55261F104 M & T BANK CORPORATI	8,531	10,421
55262C100 MBIA INC	13,954	8,949
55345K103 MRC GLOBAL INC	9,221	3,741
57686G105 MATSON INC.	5,662	9,677
580135101 MCDONALDS CORP
58155Q103 MCKESSON CORP	9,258	12,228
59410T106 MICHELIN (CGDE) ADR
594918104 MICROSOFT CORP	11,641	17,143
611740101 MONSTER BEVERAGE COR
636274300 NATIONAL GRID PLC AD
637071101 NATIONAL OILWELL INC
641069406 NESTLE S.A. REGISTER	7,730	8,186
651587107 NEWMARKET CORP	18,236	30,078
66987V109 NOVARTIS AG - ADR
679580100 OLD DOMINION FREIGHT	5,416	6,793
680665205 OLIN CORP 1 COM & 1	14,062	8,854
68389X105 ORACLE CORPORATION	7,524	7,890
69351T106 PPL CORPORATION
704326107 PAYCHEX INC	8,357	11,213
70509V100 PEBBLEBROOK HOTEL TR	6,400	5,716
717081103 PFIZER INC
718172109 PHILIP MORRIS INTERN
741511109 PRICESMART INC	14,539	15,436
74340W103 PROLOGIS INC	12,942	14,507
74435K204 PRUDENTIAL PLC - ADR
744573106 PUBLIC SVC ENTERPRIS
74460D109 PUBLIC STORAGE INC C	17,686	26,256
756255204 RECKITT BENCKIS/S AD
767744105 RITCHIE BROS AUCTION
771195104 ROCHE HOLDINGS LTD -	9,883	10,031
77954Q106 T ROWE PRICE BLUE CH	547,500	629,023
780259206 ROYAL DUTCH SHELL PL
78440X101 SL GREEN REALTY CORP	11,386	13,671
80105N105 SANOFI-ADR
804395101 SAUL CTRS INC COM	3,166	3,435
806857108 SCHLUMBERGER LTD	13,388	10,323
817565104 SERVICE CORP INTL	5,998	13,478
826197501 SIEMENS AG - SPONSOR
828806109 SIMON PROPERTY GROUP	33,034	41,999
82929R304 SINGAPORE TELECOMMUN
86272T106 STRATEGIC HOTELS & R
864159108 STURM RUGER & CO INC	6,310	8,226
86562M209 SUMITOMO TRUST AND B
867892101 SUNSTONE HOTEL INVS	5,279	4,784
872540109 TJX COMPANIES INC	9,090	11,062
87612E106 TARGET CORP	8,885	10,528
876664103 TAUBMAN CTRS INC COM
879080109 TEJON RANCH CO	4,608	2,968
87944W105 TELENOR ASA - ADR
87969N204 TELSTRA CORP-ADR
88023U101 TEMPUR SEALY INTERNA	17,361	27,409
88033G407 TENET HEALTHCARE COR	14,394	14,211
883556102 THERMO FISHER SCIENT	7,157	10,071
89151E109 TOTAL S.A. - ADR	12,167	9,889
894650100 TREDEGAR CORPORATION	2,173	1,730
902641646 E-TRACS ALERIAN MLP	179,386	118,557
902973304 US BANCORP DEL NEW
904784709 UNILEVER N.V. - ADR
907818108 UNION PACIFIC CORP	13,285	12,668
911312106 UNITED PARCEL SERVIC	6,479	7,506
91324P102 UNITEDHEALTH GROUP I	9,996	14,587
92276F100 VENTAS INC COM	12,843	13,600
92343V104 VERIZON COMMUNICATIO
929042109 VORNADO REALTY TRUST	3,668	4,798
929160109 VULCAN MATERIALS COM	4,982	9,022
936793884 WASATCH EMERGING MKT	139,741	128,556
963320106 WHIRLPOOL CORP	7,622	8,078
981475106 WORLD FUEL SERVICES	3,958	3,846
989825104 ZURICH INSURANCE GRO
G29183103 EATON CORP PLC	7,045	5,516
G62185106 MONTPELIER RE HOLDIN
G9618E107 WHITE MTNS INS GROUP	6,188	9,449
02917T104 AMERICAN REALTY CAPI
09247X101 BLACKROCK INC	6,769	7,491
093671105 BLOCK H & R INC	8,572	8,328
124830100 CBL & ASSOC PPTYS IN
172967424 CITIGROUP INC.	10,653	11,075
235825205 DANA HOLDING CORP	10,429	6,003
28140H203 EDUCATION REALTY TRU	2,894	3,447
30162A108 EXELIS INC
30231G102 EXXON MOBIL CORPORAT
36162J106 GEO GROUP INC/THE	618	520
38259P706 GOOGLE INC-CL C
45579E105 INVIVIOR PLC-SPON AD
502441306 LVMH MOET HENNESSY U
58933Y105 MERCK & CO INC NEW
64110D104 NETAPP INC	10,167	6,871
683974604 OPPENHEIMER DEVELOPI	327,274	262,091
685564106 ORBITAL SCIENCES COR
69924R108 PARAMOUNT GROUP INC
74253Q747 PRINCIPAL MIDCAP FD-	338,354	313,780
74255L696 PRINCIPAL GL MULT ST	260,000	246,051
745867101 PULTE GRP INC	10,110	9,142
74925K581 BOSTON P LNG/SHRT RE	320,000	312,071
767204100 RIO TINTO PLC - ADR
78463X863 SPDR DJ WILSHIRE INT	289,000	255,493
862121100 STORE CAPITAL CORP	2,655	2,993
866674104 SUN CMNTYS INC COM	3,753	5,003
871503108 SYMANTEC CORP	7,422	7,728
892331307 TOYOTA MOTOR CORPORA
939647103 WASHINGTON PRIME GRO
N53745100 LYONDELLBASELL INDU-
015271109 ALEXANDRIA REAL ESTA	6,580	6,506
02079K107 ALPHABET INC CL C	11,930	17,454
03027X100 AMERICAN TOWER CORP	5,345	5,235
03076C106 AMERIPRISE FINL INC	9,963	8,939
058498106 BALL CORP	7,123	7,200
141624106 CARE CAPITAL PROPERT	1,849	1,773
217204106 COPART INC COM	7,064	7,336
22822V101 CROWN CASTLE INTL CO	3,527	3,544
233326107 DST SYS INC COM	12,654	11,634
260003108 DOVER CORP COM	7,233	7,235
28035Q102 EDGEWELL PERSONAL CA	5,938	7,132
29272W109 ENERGIZER SPINCO INC	12,882	11,614
29444U700 EQUINIX INC	15,670	16,027
361448103 GATX CORP	9,914	8,255
405217100 HAIN CELESTIAL GROUP	6,726	6,624
444097109 HUDSON PACIFIC PROPE	3,138	3,039
515098101 LANDSTAR SYS INC COM	9,058	8,152
56501R106 MANULIFE FINANCIAL C	6,802	6,936
61166W101 MONSANTO CO NEW	13,412	12,414
68557N103 ORBITAL ATK INC	12,071	20,995
693475105 PNC FINANCIAL SERVIC	10,333	10,389
867224107 SUNCOR ENERGY INC NE	12,081	11,610
868157108 SUPERIOR ENERGY SERV	11,140	6,695
89155H256 TOUCHSTONE SMALL CAP	50,000	38,771
903293405 USG CORP COM NEW	11,740	10,493
92339V100 VEREIT, INC.	2,202	1,885
928377100 VISTA OUTDOOR INC	6,985	11,484
929089100 VOYA FINANCIAL INC	8,287	7,382
930059100 WADDELL & REED FINAN	12,461	7,538
95040Q104 WELLTOWER INC	7,332	8,572

Description	Revenue And Expenses Per Books	Net Investment Income
FEE REBATES	1,477	1,477
PARTNERSHIP INTEREST INCOME		3
PARTNERSHIP OTHER INCOME		13,240

Category	Amount	Net Investment Income
FOREIGN TAXES	627	627
FOREIGN TAXES ON QUALIFIED FOR	2,395	2,395
FOREIGN TAXES ON NONQUALIFIED	264	264