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
COURTNEY S TURNER CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)BANK OF AMERICA NA PO BOX 831
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX752831041
A Employer identification number

43-6316904
B Telephone number (see instructions)

(800) 357-7094
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$28,307,335J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 722,472 705,835  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -22,578
b Gross sales price for all assets on line 6a 11,096,534
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 46,967 46,967  
12 Total. Add lines 1 through 11........ 746,861 752,802  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 181,060 108,636   72,424
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,800 0 0 1,800
c Other professional fees (attach schedule).... Click to see attachment 73,444 97   73,347
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,712 6,712   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 275,016 115,445 0 147,571
25 Contributions, gifts, grants paid....... 1,200,000 1,200,000
26 Total expenses and disbursements. Add lines 24 and 25 1,475,016 115,445 0 1,347,571
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -728,155
b Net investment income (if negative, enter -0-) 637,357
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,589,292 1,712,539 1,712,539
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 20,829,077 Click to see attachment21,001,873 25,994,154
c Investments—corporate bonds (attach schedule)....... 1,638,775 Click to see attachment596,868 600,642
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,057,144 23,311,280 28,307,335
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 24,057,144 23,311,280
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)..... 24,057,144 23,311,280
31 Total liabilities and net assets/fund balances (see instructions). 24,057,144 23,311,280
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
24,057,144
2
Enter amount from Part I, line 27a .....................
2
-728,155
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,038
4
Add lines 1, 2, and 3 ..........................
4
23,334,027
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
22,747
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
23,311,280
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 2890. AT&T INC   1998-04-20 2015-05-05
b 5000. AT&T INC   2005-06-16 2015-05-05
c 300000. BERKSHIRE HATHAWAY FIN CORP CO GTD NT   2011-02-11 2015-12-15
d 59598.494 WILLIAM BLAIR INTL SMALL CAP GROWTH FUND CL I   2014-04-11 2015-05-05
e 6666.667 WILLIAM BLAIR INTL SMALL CAP GROWTH FUND CL I   2014-12-09 2015-05-05
27397.26 COLUMBIA EMERGING MARKETS FUND CLASS Z SHARES   2015-04-16 2015-10-07
16366.416 COLUMBIA EMERGING MARKETS FUND CLASS Z SHARES   2015-03-03 2015-10-07
64609.164 DELAWARE EMERGING MKTS FUND CL INSTL CL   2013-10-28 2015-03-03
45578.851 DOUBLELINE TOTAL RETURN BD FUND CL I   2015-01-29 2015-05-05
25075.226 FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND INSTL   2014-02-10 2015-05-05
25100.402 FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND INSTL   2013-02-01 2015-05-05
949.116 FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND INSTL   2013-06-17 2015-05-05
250000. GEORGIA PWR CO BD   2008-09-29 2015-12-15
3000. ISHR MSCI EAFE INDEX FUND   2013-12-31 2015-03-03
12000. ISHR MSCI EAFE INDEX FUND   2013-11-26 2015-03-03
13000. ISHARES TR MSCI EAFE MIN VOL INDEX FUND   2015-05-05 2015-10-07
7000. ISHARES TR MSCI EAFE MIN VOL INDEX FUND   2015-06-05 2015-10-07
18054.929 IVY ASSET STRATEGY FUND CL I   2012-12-06 2015-01-30
29154.519 LEGG MASON CLEARBRIDGE SMALL CAP GROWTH FUND CL I   2014-04-11 2015-05-05
250000. MERCK & CO INC NT   2008-09-26 2015-03-01
1500. QUALCOMM INC   2001-04-18 2015-04-16
2000. QUALCOMM INC   2001-04-17 2015-04-16
12000. SPDR BARCLAYS SHORT TERM HIGH YIELD BD ETF   2014-05-29 2015-12-16
3000. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2015-04-16 2015-07-07
6000. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2015-03-03 2015-07-07
23143.003 TEMPLETON GLOBAL BD FUND ADVISOR CL   2011-08-01 2015-01-28
36101.083 TEMPLETON GLOBAL BD FUND ADVISOR CL   2011-04-15 2015-01-28
18261.505 TEMPLETON GLOBAL BD FUND ADVISOR CL   2011-08-16 2015-01-28
250000. UNITED TECHNOLOGIES CORP NT   2008-08-01 2015-05-01
5000. VANGUARD REIT ETF   2013-02-01 2015-07-09
1000. VANGUARD REIT ETF   2012-09-10 2015-07-09
4. MGP INGREDIENTS INC PFD STOCK   1986-10-17 2015-09-23
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 98,354   71,418 26,936
b 170,163   119,400 50,763
c 300,000   300,000  
d 812,327   950,000 -137,673
e 90,867   100,000 -9,133
250,411   300,000 -49,589
149,589   169,065 -19,476
940,063   1,075,743 -135,680
500,000   505,925 -5,925
245,236   250,000 -4,764
245,482   250,000 -4,518
9,282   9,444 -162
250,000   251,369 -1,369
194,207   201,169 -6,962
776,829   792,110 -15,281
835,495   883,476 -47,981
449,882   465,727 -15,845
459,317   469,428 -10,111
846,939   800,000 46,939
250,000   250,000  
101,707   40,770 60,937
135,610   50,460 85,150
308,916   371,760 -62,844
222,588   245,817 -23,229
445,177   473,675 -28,498
288,130   325,391 -37,261
449,458   500,000 -50,542
227,356   250,000 -22,644
250,000   249,698 302
388,359   332,517 55,842
77,672   64,666 13,006
40   84 -44
      327,078
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       26,936
b       50,763
c        
d       -137,673
e       -9,133
      -49,589
      -19,476
      -135,680
      -5,925
      -4,764
      -4,518
      -162
      -1,369
      -6,962
      -15,281
      -47,981
      -15,845
      -10,111
      46,939
       
      60,937
      85,150
      -62,844
      -23,229
      -28,498
      -37,261
      -50,542
      -22,644
      302
      55,842
      13,006
      -44
       
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 -22,578
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 1,379,629 29,422,456 0.04689
2013 1,559,065 27,992,822 0.055695
2012 1,307,286 26,419,232 0.049482
2011 1,506,702 27,418,480 0.054952
2010 1,451,902 26,156,680 0.055508
2
Total of line 1, column (d) .....................
20.262527
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
0.052505
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
28,761,406
5
Multiply line 4 by line 3......................
5
1,510,118
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,374
7
Add lines 5 and 6........................
7
1,516,492
8
Enter qualifying distributions from Part XII, line 4.............
8
1,347,571
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 12,747
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 12,747
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 12,747
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 12,514
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 12,514
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 233
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMO
    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 addressbulletNONE
    14
    The books are in care ofbulletBANK OF AMERICA NA Telephone no.bullet (816) 292-4300

    Located atbullet1200 MAIN ST 14TH FLKANSAS CITYMO ZIP+4bullet641052100
    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
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BANK OF AMERICA N A CO-TRUSTEE
    1     		104,691    
    PO BOX 219119
    KANSAS CITY,MO641219119
    JOHN H MIZE JR - CO BOA CO-TRUSTEE
    1     		76,369    
    PO BOX 219119
    KANSAS CITY,MO641219119
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    27,939,242
    b
    Average of monthly cash balances.......................
    1b
    1,260,155
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,199,397
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    29,199,397
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    437,991
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,761,406
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,438,070
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,438,070
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    12,747
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,747
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,425,323
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,425,323
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,425,323
    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
    1,347,571
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,347,571
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,347,571
    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 1,425,323
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 179,835
    b From 2011...... 176,373
    c From 2012...... 7,568
    d From 2013...... 185,844
    e From 2014...... 0
    fTotal of lines 3a through e........ 549,620
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,347,571
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 1,347,571
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 77,752 77,752
    (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 5 471,868
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		102,083
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		369,785
    10 Analysis of line 9:
    a Excess from 2011.... 176,373
    b Excess from 2012.... 7,568
    c Excess from 2013.... 185,844
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SCOTT BERGHAUS - BANK OF AMERICA N
    PO BOX 219119
    KANSAS CITY,MO641219119
    (816) 292-4342
    N/A
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF NO MORE THAN 3 PAGES WITH APPROPRIATE ATTACHMENTS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTED TO CHARITABLE ORGANIZATIONS WHICH MEET THE REQUIREMENTS OF IRC SECTION 170(C) AND IRC SECTION 2055(A), AS AMENDED
    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
    UMKC FOUNDATION
    5115 OAK ST 202
    KANSAS CITY,MO64112     		N/A PC SUPPORT MILLER NICHOLS 100,000
    ATCHISON CHILD CARE ASSOCIATION
    1326 KANSAS AVE
    ATCHISON,KS66002     		N/A PC FOR NEW ROOF 15,000
    BENEDICTINE COLLEGE
    1020 N 2ND ST
    ATCHISON,KS66002     		N/A PC PURCHASE FURNISHINGS FOR 50,000
    BOYS AND GIRLS CLUBS OF ATCHISON
    INC
    1215 ASH ST
    ATCHISON,KS66002     		N/A PC AFTER SCHOOL PROGRAMS & 7,500
    BOY SCOUTS OF AMERICA - PONY
    EXPRESS COUNCIL
    PO BOX 8157
    ST JOSEPH,MO64508     		N/A PC FOR SAFEROOM STORM SHELTERS 15,000
    ATCHISON COMMUNITY EDUCATIONAL
    FOUNDATION
    626 COMMERCIAL
    ATCHISON,KS66002     		N/A PC SUPPORT THE LEADERS 10,000
    HUMANE SOCIETY OF ATCHISON INC
    125 N 21ST ST
    ATCHISON,KS66002     		N/A PC SUPPORT CAPITAL 5,000
    THEATRE ATCHISON
    401 SANTA FE
    ATCHISON,KS66002     		N/A PC UNRESTRICTED GENERAL 5,000
    AMERICAN RED CROSS -
    MIDLAND EMPIRE CHAPTER
    401 N 12TH ST
    ST JOSEPH,MO64501     		N/A PC UNRESTRICTED GENERAL 2,000
    ATCHISON LIBRARY
    FOUNDATION INC
    401 KANSAS AVE
    ATCHISON,KS66002     		N/A PC RENOVATION PROJECT FOR 4,000
    ATCHISON AREA CHAMBER OF COMMERCE
    EDUCATIONAL FOUNDATION INC
    PO BOX 126
    ATCHISON,KS66002     		N/A PC 2-BAY GARAGE FOR TROLLEY 10,000
    HARVESTERS - COMMUNITY FOOD
    NETWORK
    3801 TOPPING AVE
    KANSAS CITY,MO64129     		N/A PC FOR BUILDING HOPE 7,000
    DOVES INC
    PO BOX 262
    ATCHISON,KS66002     		N/A PC SUPPORT SHELTER SITE, 12,000
    ALL FAITH COUNSELING CENTER OF
    ATCHISON INC
    1104 N 6TH ST STE 7
    ATCHISON,KS66002     		N/A PC FOR 'PROVIDE COUNSELING 10,000
    HARRY S TRUMAN LIBRARY INSTITUTE
    500 W US HWY 24
    INDEPENDENCE,MO640502481     		N/A PC 70TH ANNIVERSARY OF END OF 25,000
    KCPT-19 (PUBLIC TELEVISION 19 INC)
    1125 E 31ST ST
    KANSAS CITY,MO64108     		N/A PC FOR THE ARTS UPLOAD 15,000
    CITY OF ATCHISON
    515 KANSAS AVE
    ATCHISON,KS66002     		N/A PC NEW ROOF FOR THE SANTA FE 10,000
    DE LE SALLE EDUCATION CENTER
    3737 TROOST AVE
    KANSAS CITY,MO64109     		N/A PC SUPPORT STUDENT PROGRAMS 10,000
    AVILA UNIVERSITY
    11901 WORNALL RD
    KANSAS CITY,MO64145     		N/A PC SUPPORT SERVICES FOR 20,000
    UNICORN THEATRE
    3828 MAIN ST
    KANSAS CITY,MO64111     		N/A PC SUPPORT CAPITAL CAMPAIGN 10,000
    CHILDREN'S MERCY HOSPITAL
    2401 GILLHAM RD
    KANSAS CITY,MO64108     		N/A PC SUPPORT CENTER FOR INFANT 75,000
    ROSE BROOKS CENTER INC
    PO BOX 320599
    KANSAS CITY,MO641320599     		N/A PC SUPPORT PROJECT SAFE 15,000
    OZANAM
    421 E 137TH ST
    KANSAS CITY,MO64145     		N/A PC SUPPORT FACILITIES' 15,000
    KVC BEHAVIORAL HEALTHCARE INC
    2942 SW WANAMAKER DR STE 1B
    TOPEKA,KS66614     		N/A PC 'BUILDING FAMILIES' 15,000
    FRIENDS OF THE ZOO INC
    6800 ZOO DR
    KANSAS CITY,MO64132     		N/A PC SUPPORT THE ORANGUTAN 50,000
    KANSAS UNIVERSITY ENDOWMENT
    3901 RAINBOW BLVD MS 3102
    KANSAS CITY,KS66160     		N/A PC SUPPORT THE CICLOPIROZ 25,000
    BACH ARIA SOLOISTS
    PO BOX 7112
    KANSAS CITY,MO64113     		N/A PC UNRESTRICTED GENERAL 5,000
    LIBERTY MEMORIAL ASSOCIATION
    dba NATIONAL WORLD WAR I MUSEUM
    100 W 26TH ST
    KANSAS CITY,MO64108     		N/A PC FOR SPECIAL EXHIBITION 33,000
    ATCHISON COUNTY HISTORICAL SOCIETY
    PO BOX 201
    ATCHISON,KS66002     		N/A PC TRAINING, OUTREACH, & 9,000
    TE DEUM INC
    202 W DARTMOUTH RD
    KANSAS CITY,MO64113     		N/A PC SUPPORT CONCERT SERIES 5,000
    USD 409
    626 COMMERCIAL ST
    ATCHISON,KS66002     		N/A PC RENOVATION OF PERFORMING 5,000
    YMCA OF GREATER KANSAS CITY
    321 COMMERCIAL ST
    KANSAS CITY,MO64111     		N/A PC 'THE Y, SO MUCH MORE ' & 412,500
    BOYS & GIRLS CLUB OF GREATER
    KANSAS CITY
    6301 ROCKHILL RD 303
    KANSAS CITY,MO64131     		N/A PC SUPPORT TEEN SERVICES 25,000
    GIRL SCOUTS OF NE KANSAS &
    NW MISSOURI INC
    8383 BLUE PARKWAY
    KANSAS CITY,MO64133     		N/A PC SUPPORT CAMP WINDING RIVER 4,500
    ATCHISON JUNETEENTH COMMITTEE INC
    PO BOX 94
    ATCHISON,KS66002     		N/A PC FOOD FOR JUNETEENTH 4,000
    HUNGER TASK FORCE OF ATCHISON
    801 S 8TH ST
    ATCHISON,KS66002     		N/A PC SUPPORT EMERGENCY 5,000
    CHILDRENS CENTER FOR THE VISUALLY
    IMPAIRED
    3101 MAIN ST
    KANSAS CITY,MO64111     		N/A PC SUPPORT INFANT PROGRAM 10,000
    ATCHISON ART ASSOCIATION
    704 N 4TH ST
    ATCHISON,KS66002     		N/A PC FOR PUBLIC MOSAIC AT 5,000
    GREATER KANSAS CITY COMMUNITY
    FOUNDATION
    1055 BROADWAY SUITE 130
    KANSAS CITY,MO64105     		N/A PC SUPPORT KEMPER MUSEUM OF 5,000
    MAUR HILL MOUNT ACADEMY
    1000 GREEN ST
    ATCHISON,KS66002     		N/A PC SUPPORT RENOVATION OF 13,500
    MOUNT ST SCHOLASTICA INC
    801 S 8TH ST
    ATCHISON,KS66002     		N/A PC SUPPORT CHAPEL ROOF 10,000
    BOY SCOUTS OF AMERICA -
    KANZA DISRICT
    800 KANSAS AVE
    ATCHISON,KS66002     		N/A PC CAMP KANZA FACILITY 2,000
    CASA
    100 E 5TH ST
    LEAVENWORTH,KS66048     		N/A PC SECURITY OFFICER FOR 4,000
    NINETY NINES INC
    223 N TERRACE
    ATCHISON,KS66002     		N/A PC SUPPORT AMELIA EARHART 5,000
    LIVE WELL LIVE ATCHISON INC
    800 RAVEN HILL DR
    ATCHISON,KS66002     		N/A PC UNRESTRICTED GENERAL 10,000
    THE 27 COMMITTEE INC
    100 N 4TH ST
    LEAVENWORTH,KS66048     		N/A PC UNRESTRICTED GENERAL 15,000
    KIDS TLC INC
    480 S ROGERS RD
    OLATHE,KS66062     		N/A PC SUPPORT HOPE-CAPITAL 15,000
    PEMBROKE HILL SCHOOL
    400 W 51ST ST
    KANSAS CITY,MO64112     		N/A PC SUPPORT TECHNOLOGY 60,000
    Total .................................bullet 3a 1,200,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 722,472  
    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.....     14 46,967  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 -22,578  
    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)..   746,861  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13746,861
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE - BOA 1,800     1,800

    TY 2015 GeneralExplanationAttachment
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Identifier Return Reference Explanation
    FEDERAL FOOTNOTE PART VIII LIST OF OFFICERS AND DIRECTORS THE COMPENSATION SHOWN ON THE RETURN THAT IS PAID TO BANK OF AMERICA, N.A. AS CORPORATE TRUSTEE IS NOT CALCULATED BASED UPON AN HOURLY RATE FOR THE TIME SPENT BY THE TRUSTEE, RATHER, BANK OF AMERICA'S COMPENSATION IS CALCULATED USING A MARKET VALUE FEE SCHEDULE. THE TRUST OFFICER'S TIME SPENT PERFORMING ADMINISTRATIVE RESPONSIBILITIES SPENT BY OTHER STAFF MEMBERS FOR RECORDKEEPING, INVESTMENT MANAGEMENT, INCOME COLLECTION, RENDERING STATEMENTS AND ACCOUNTINGS, REGULATORY REPORTING, REGULATORY COMPLIANCE, AND TAX SERVICES.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Name of Bond End of Year Book Value End of Year Fair Market Value
    084664BN0 BERKSHIRE HATHAWAY F    
    373334GA3 GEORGIA PWR CO BD    
    589331AK3 MERCK & CO INC NT    
    594918AK0 MICROSOFT CORP SR UN 297,678 300,555
    89233P4R4 TOYOTA MTR CR CORP S 299,190 300,087
    913017BH1 UNITED TECHNOLOGIES    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Name of Stock End of Year Book Value End of Year Fair Market Value
    922908553 VANGUARD REIT ETF 953,685 1,195,950
    922908751 VANGUARD SMALL-CAP E 1,593,521 1,770,240
    30231G102 EXXON MOBIL CORP COM 65,156 233,850
    806857108 SCHLUMBERGER LTD COM 174,057 237,150
    438516106 HONEYWELL INTL INC C 125,108 445,351
    452308109 ILLINOIS TOOL WKS IN 146,217 463,400
    913017109 UNITED TECHNOLOGIES 118,458 336,245
    548661107 LOWES COS INC COM 189,393 471,448
    654106103 NIKE INC CL B 98,510 550,000
    22160K105 COSTCO WHSL CORP NEW 121,050 484,500
    713448108 PEPSICO INC COM 109,153 369,704
    742718109 PROCTER & GAMBLE CO 123,572 349,404
    871829107 SYSCO CORP COM 97,245 340,300
    031162100 AMGEN INC COM 56,306 633,087
    478160104 JOHNSON & JOHNSON CO 244,260 472,512
    949746101 WELLS FARGO & CO NEW 331,975 674,064
    458140100 INTEL CORP COM 85,597 344,500
    594918104 MICROSOFT CORP COM 329,730 610,280
    747525103 QUALCOMM INC COM    
    882508104 TEXAS INSTRS INC COM 196,315 405,594
    00206R102 AT&T INC COM    
    466001864 IVY ASSET STRATEGY F    
    19765Y688 COLUMBIA SELECT LARG 1,855,945 2,383,509
    880208400 TEMPLETON GLOBAL BD    
    464287465 ISHARES MSCI EAFE ET    
    922908629 VANGUARD MID-CAP ETF 2,547,402 2,762,530
    315807552 FIDELITY ADVISOR FLO 740,556 678,781
    245914817 DELAWARE EMERGING MK    
    78463X863 SPDR DJ WILSHIRE INT 694,880 625,920
    78468R408 SPDR BARCLAYS SHORT 618,480 513,800
    902641646 ETRACS ALERIAN MLP I 1,233,798 889,440
    52470H765 LEGG MASON CLEARBRID    
    258620103 DOUBLELINE TOTAL RET 1,666,075 1,630,561
    04314H204 ARTISAN INTERNATIONA 1,400,000 1,323,070
    093001188 WILLIAM BLAIR INTL S    
    99Z535579 MGP INGREDIENTS INC    
    233051200 DB X-TRACKERS MSCI E 1,425,915 1,303,680
    464288646 ISHARES 1-3 YR CR BD 418,834 418,400
    46432F842 ISHARES CORE MSCI EA 1,276,033 1,250,740
    922042858 VANGUARD FTSE EMERGI 220,592 163,550
    81369Y605 SELECT SECTOR SPDR T 663,120 643,410
    74253Q416 PRINCIPAL PFD SECS F 750,000 731,177
    19765Y852 COLUMBIA EMERGING MA 330,935 288,007

    TY 2015 OtherDecreasesSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Description Amount
    ROC BASIS ADJUSTMENT 20,414
    BASIS ADJUSTMENT - SALES 2,333


    TY 2015 OtherIncomeSchedule2
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 46,967 46,967  


    TY 2015 OtherIncreasesSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Description Amount
    NET INCOME ADJUSTMENT 5,036
    NET ROUNDING 2


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PBG MGMT FEES - BOA 97 97    
    GRANTMAKING FEES - BOA 73,347     73,347


    TY 2015 TaxesSchedule
    Name:
    COURTNEY S TURNER CHARITABLE TRUST
    EIN:
    43-6316904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ESTIMATES 12,000 0   0
    FOREIGN TAXES ON QUALIFIED FOR 3,476 3,476   0
    FOREIGN TAXES ON NONQUALIFIED 3,236 3,236   0