Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
TURNBAUGH J WALTER AND ELEANOR FDN
 
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

45-6967613
B Telephone number (see instructions)

(800) 352-3705
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$5,046,538J 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 16 16  
4 Dividends and interest from securities... 95,436 92,132  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 56,648
b Gross sales price for all assets on line 6a 2,133,736
7 Capital gain net income (from Part IV, line 2)... 56,648
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 447 447  
12 Total. Add lines 1 through 11........ 152,547 149,243  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 64,659 48,494   16,165
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 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,608 2,058   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)....... Click to see attachment 850     850
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,117 50,552 0 18,015
25 Contributions, gifts, grants paid....... 375,000 375,000
26 Total expenses and disbursements. Add lines 24 and 25 445,117 50,552 0 393,015
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -292,570
b Net investment income (if negative, enter -0-) 98,691
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......... 176,040 25,689 25,689
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) 253,742 Click to see attachment216,139 206,533
b Investments—corporate stock (attach schedule)....... 3,569,780 Click to see attachment3,383,115 3,800,088
c Investments—corporate bonds (attach schedule)....... 989,532 Click to see attachment627,297 592,208
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment450,000 422,020
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) 4,989,094 4,702,240 5,046,538
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........ 4,989,094 4,702,240
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)..... 4,989,094 4,702,240
31 Total liabilities and net assets/fund balances (see instructions). 4,989,094 4,702,240
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
4,989,094
2
Enter amount from Part I, line 27a .....................
2
-292,570
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,694
4
Add lines 1, 2, and 3 ..........................
4
4,710,218
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,978
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,702,240
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 3771.93 AQR MANAGED FUTURES STR-I #15213   2012-07-30 2015-03-23
b 277.521 AQR MANAGED FUTURES STR-I #15213   2012-07-30 2015-07-31
c 10000. AT&T INC 2.500% 8/15/15   2012-08-07 2015-02-20
d 8. AFFILIATED MANAGERS GROUP, INC COM   2014-05-22 2015-12-17
e 12. ALEXION PHARMACEUTICALS INC   2013-01-04 2015-06-03
5. AMAZON COM INC COM   2012-08-01 2015-06-03
1349.528 AMER CENT SMALL CAP GRWTH INST #336   2013-07-17 2015-06-02
11. ANHEUSER-BUSCH INBEV SPN ADR   2014-05-22 2015-10-23
111. ANHEUSER-BUSCH INBEV SPN ADR   2014-05-22 2015-12-17
38. APACHE CORP   2014-12-19 2015-07-28
122. APACHE CORP   2014-05-22 2015-07-28
15. APPLE INC   2012-08-01 2015-06-03
12. APPLE INC   2015-09-02 2015-11-18
4000. APPLE INC 2.400% 5/03/23   2014-10-15 2015-08-03
462.82 ARTISAN INTERNATIONAL FD INS #662   2012-07-30 2015-06-02
4501.608 ARTISAN INTERNATIONAL FD INS #662   2012-07-30 2015-07-31
5000. BANK OF AMERICA CORP 5.625% 7/01/20   2012-08-07 2015-08-03
423. BARCLAYS BANK PLC IPATH BLOOMBERG CO   2014-05-01 2015-07-31
1768. BARCLAYS BANK PLC IPATH BLOOMBERG CO   2014-05-01 2015-11-25
171. BAXTER INTL INC   2014-05-22 2015-06-18
3000. BERKSHIRE HATHAWAY 5.400% 5/15/18   2013-09-25 2015-06-19
10. BOEING CO   2014-05-22 2015-10-23
13. CME GROUP INC   2014-05-22 2015-09-11
12. CVS HEALTH CORPORATION   2014-05-22 2015-07-28
179. CATAMARAN CORP   2012-08-01 2015-04-14
87. CATAMARAN CORP   2015-03-10 2015-04-14
30. CELGENE CORP COM   2012-08-01 2015-12-21
58. CERNER CORP COM   2014-02-06 2015-03-11
3000. CHEVRON CORP 4.950% 3/03/19   2012-08-07 2015-06-19
14. CHICAGO BRIDGE & IRON COMPANY N.V.   2014-05-23 2015-02-04
95. CHICAGO BRIDGE & IRON COMPANY N.V.   2013-12-09 2015-02-04
44. CISCO SYSTEMS INC   2014-05-22 2015-07-28
63. COCA COLA CO   2012-08-01 2015-03-10
182. COCA COLA CO   2013-03-08 2015-06-30
10. CONSTELLATION BRANDS INC   2014-12-29 2015-11-18
1651.722 CREDIT SUISSE COMM RET ST-I #2156   2010-01-19 2015-11-25
14. DANAHER CORP   2012-08-01 2015-11-18
5000. DIRECTV HLDG/FIN INC 3.500% 3/01/16   2012-08-07 2015-06-19
3000. DIRECTV HLDG/FIN INC 3.500% 3/01/16   2012-08-07 2015-09-14
12. WALT DISNEY CO   2012-08-01 2015-05-05
7421.12 DREYFUS EMG MKT DEBT LOC C-I #6083   2013-10-14 2015-11-12
9460.738 DRIEHAUS ACTIVE INCOME FUND   2013-07-17 2015-03-23
386.1 DRIEHAUS ACTIVE INCOME FUND   2013-07-17 2015-07-31
48. E M C CORP MASS   2014-06-25 2015-07-28
375. E M C CORP MASS   2014-06-25 2015-10-23
5012.333 EATON VANCE GLOBAL MACRO - I #0088   2012-07-30 2015-03-23
135. FMC TECHNOLOGIES INC   2014-08-22 2015-06-30
17. FACEBOOK INC   2015-03-10 2015-04-14
30. FACEBOOK INC   2014-05-23 2015-12-21
39. FASTENAL CO   2014-08-22 2015-06-03
7. FASTENAL CO   2013-03-08 2015-06-03
164. FASTENAL CO   2014-08-22 2015-09-02
73. FASTENAL CO   2014-11-06 2015-09-02
3000. FED NATL MTG ASSN 2.625% 9/06/24   2015-02-20 2015-08-03
3000. FED HOME LN MTG CORP 3.750% 3/27/19   2012-08-07 2015-06-19
28. GILEAD SCIENCES INC   2014-02-06 2015-04-14
12. GILEAD SCIENCES INC   2014-05-22 2015-10-23
103. GILEAD SCIENCES INC   2013-06-12 2015-11-18
4000. GOLDMAN SACHS GROUP 5.950% 1/18/18   2014-10-15 2015-08-03
.0851 GOOGLE INC-CL C   2014-05-22 2015-05-06
.1345 GOOGLE INC-CL C   2014-04-25 2015-05-06
4. GOOGLE INC-CL C   2014-04-25 2015-06-03
2. GOOGLE INC-CL C   2014-05-22 2015-07-28
5000. HSBC FINANCE CORP 5.500% 1/19/16   2012-08-07 2015-06-19
3000. HSBC FINANCE CORP 5.500% 1/19/16   2012-08-07 2015-09-08
4000. HALLIBURTON COMPANY 3.500% 8/01/23   2013-10-18 2015-08-03
489.032 HARBOR INTERNATION FD INST #2011   2015-06-12 2015-11-25
1393.026 HARBOR INTERNATION FD INST #2011   2014-11-20 2015-11-25
18. HOME DEPOT INC   2015-04-14 2015-06-03
8000. HOME DEPOT INC 5.400% 3/01/16   2012-08-07 2015-08-03
9. INTERCONTINENTAL EXCHANGE, INC   2012-08-01 2015-06-03
43. INTERNATIONAL BUSINESS MACHS CORP   2014-05-22 2015-08-10
60. ISHARES CMBS ETF   2013-06-13 2015-06-19
200. ISHARES CMBS ETF   2013-06-13 2015-08-03
4000. JPMORGAN CHASE & CO 4.250% 10/15/20   2014-10-15 2015-08-03
3045.067 JPMORGAN HIGH YIELD FUND SS #3580   2014-06-24 2015-08-24
6866.417 JPMORGAN HIGH YIELD FUND SS #3580   2014-11-20 2015-08-24
4532.967 JPMORGAN HIGH YIELD FUND SS #3580   2014-11-20 2015-08-24
77. KEURIG GREEN MOUNTAIN INC   2015-03-10 2015-08-18
165. LAS VEGAS SANDS CORP   2013-03-08 2015-05-28
7. MCKESSON CORP   2014-05-22 2015-12-17
5000. METLIFE INC 5.000% 6/15/15   2012-08-07 2015-02-20
41. MICROSOFT CORP   2012-08-01 2015-06-03
57. MONDELEZ INTERNATIONAL INC   2012-10-10 2015-03-10
18. MONSTER BEVERAGE CORP   2014-05-22 2015-01-12
81. MONSTER BEVERAGE CORP   2013-10-15 2015-01-12
11. MONSTER BEVERAGE CORP   2013-12-09 2015-02-04
16. MONSTER BEVERAGE CORP   2013-12-09 2015-06-03
15. MONSTER BEVERAGE CORP   2013-05-10 2015-08-03
30. MONSTER BEVERAGE CORP   2013-05-10 2015-11-18
3132.895 MORGAN STANLEY INS FR EMG-I   2014-03-25 2015-02-25
155. NATIONAL OILWELL INC COM   2014-06-06 2015-07-07
604.491 ASG GLOBAL ALTERNATIVES-Y #1993   2014-12-08 2015-03-23
15993.019 ASG GLOBAL ALTERNATIVES-Y #1993   2013-07-17 2015-03-23
773.861 ASG GLOBAL ALTERNATIVES-Y #1993   2013-07-17 2015-06-02
526.316 ASG GLOBAL ALTERNATIVES-Y #1993   2013-07-17 2015-07-31
2927.4 NUVEEN HIGH YIELD MUNI BD-R #1668   2014-11-20 2015-11-25
1116.695 OPPENHEIMER DEVELOPING MKT-I #799   2014-12-08 2015-02-25
11357.075 OPPENHEIMER DEVELOPING MKT-I #799   2013-03-28 2015-02-25
4000. PEPSICO INC 4.500% 1/15/20   2012-08-07 2015-08-03
3417.085 PIMCO FOREIGN BOND (UNHEDGED) #1853   2014-11-20 2015-06-11
1806.685 PIMCO FOREIGN BOND (UNHEDGED) #1853   2012-07-30 2015-06-11
14. POLARIS INDS INC COM   2013-03-08 2015-06-03
71. POLARIS INDS INC COM   2012-11-21 2015-11-18
45. PRECISION CASTPARTS CORP   2012-08-01 2015-09-02
117. QUALCOMM INC   2012-08-01 2015-08-03
507.937 BOSTON P LNG/SHRT RES-INS   2014-12-08 2015-06-02
224.972 T ROWE PRICE REAL ESTATE FD #122   2012-07-30 2015-06-02
149.589 T ROWE PRICE REAL ESTATE FD #122   2012-07-30 2015-07-31
1092.498 T ROWE PRICE REAL ESTATE FD #122   2012-07-30 2015-11-25
22. SALESFORCE COM INC   2014-09-15 2015-02-04
107. SANDISK CORP COM   2012-08-01 2015-05-28
162. SCHLUMBERGER LTD   2014-05-23 2015-08-03
10. STERICYCLE INC COM   2013-03-08 2015-03-10
17. TJX COMPANIES INC   2014-05-22 2015-10-23
2707.006 TEMPLETON EMER MKT S/C-ADV #626   2015-02-25 2015-07-31
9. THERMO FISHER SCIENTIFIC INC   2014-05-22 2015-12-17
22. TRACTOR SUPPLY CO COM   2012-08-01 2015-06-03
69. TWENTY FIRST CENTURY FOX INC   2014-12-29 2015-09-02
256. TWENTY FIRST CENTURY FOX INC   2014-05-23 2015-09-02
310. US BANCORP   2014-05-22 2015-05-27
135. UNION PACIFIC CORP   2012-08-01 2015-12-21
8000. US TREASURY NOTE 2.125% 9/30/21   2015-06-08 2015-08-03
2000. US TREASURY NOTE 3.500% 2/15/18   2012-08-07 2015-06-19
4000. US TREASURY NOTE 3.125% 5/15/19   2012-08-07 2015-06-19
2000. US TREASURY NOTE 2.750% 11/30/16   2012-08-07 2015-06-19
2000. US TREASURY NOTE 2.750% 11/30/16   2012-07-27 2015-08-03
20000. US TREASURY NOTE 2.125% 5/31/15   2012-08-07 2015-05-31
3000. US TREASURY NOTE 2.625% 8/15/20   2012-08-07 2015-06-19
5000. US TREASURY NOTE 2.250% 11/30/17   2013-03-20 2015-02-20
2000. US TREASURY NOTE 2.250% 11/30/17   2013-03-20 2015-06-19
51. UNITEDHEALTH GROUP INC   2013-04-02 2015-02-27
3000. WAL-MART STORES INC 3.625% 7/08/20   2012-08-07 2015-08-03
4714.315 WELLS FARGO INTL BOND-IS #4705   2006-10-20 2015-06-11
32. WHITEWAVE FOODS CO   2013-12-09 2015-03-10
83. WHITEWAVE FOODS CO   2013-12-09 2015-05-28
10. ACCENTURE PLC   2012-08-01 2015-06-03
11. JAZZ PHARMACEUTICALS PLC   2014-08-22 2015-06-03
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 43,000   36,889 6,111
b 3,000   2,714 286
c 10,083   10,519 -436
d 1,269   1,519 -250
e 1,931   1,160 771
2,185   1,160 1,025
20,000   14,461 5,539
1,305   1,216 89
13,879   9,027 4,852
1,767   2,453 -686
5,672   10,674 -5,002
1,950   1,307 643
1,400   1,334 66
3,825   3,916 -91
15,000   10,446 4,554
140,000   101,599 38,401
5,637   5,564 73
10,951   16,952 -6,001
39,974   70,855 -30,881
11,846   12,058 -212
3,337   3,466 -129
1,466   1,321 145
1,222   925 297
1,338   927 411
10,692   7,972 2,720
5,196   4,236 960
3,299   1,030 2,269
4,046   2,650 1,396
3,327   3,638 -311
495   1,111 -616
3,358   7,223 -3,865
1,240   1,073 167
2,567   2,554 13
7,137   7,300 -163
1,379   993 386
7,796   14,139 -6,343
1,356   745 611
5,080   5,332 -252
3,042   3,199 -157
1,336   588 748
80,297   108,331 -28,034
100,000   101,514 -1,514
4,000   4,143 -143
1,283   1,270 13
9,782   9,851 -69
47,066   47,108 -42
5,597   8,124 -2,527
1,419   1,321 98
3,112   1,842 1,270
1,655   1,782 -127
297   361 -64
6,257   7,022 -765
2,785   3,282 -497
3,049   3,072 -23
3,261   3,470 -209
2,859   1,852 1,007
1,292   891 401
11,121   5,340 5,781
4,389   4,529 -140
47   46 1
75   69 6
2,160   2,059 101
1,254   1,083 171
5,124   5,466 -342
3,049   3,280 -231
4,020   4,019 1
31,181   35,000 -3,819
88,819   94,893 -6,074
2,040   2,054 -14
8,214   9,278 -1,064
2,124   1,170 954
6,742   8,697 -1,955
3,089   3,096 -7
10,279   10,321 -42
4,288   4,375 -87
22,168   25,000 -2,832
49,988   54,313 -4,325
33,000   35,856 -2,856
3,867   9,491 -5,624
8,403   6,275 2,128
1,334   1,292 42
5,070   5,576 -506
1,924   1,209 715
1,967   1,556 411
2,054   1,250 804
9,242   3,717 5,525
1,309   691 618
2,017   986 1,031
2,332   805 1,527
4,474   1,581 2,893
61,123   62,000 -877
7,005   10,283 -3,278
7,284   7,000 284
192,716   184,400 8,316
9,000   8,923 77
6,000   6,068 -68
49,795   50,000 -205
39,687   40,000 -313
403,630   371,797 31,833
4,380   4,695 -315
32,018   34,000 -1,982
16,929   19,874 -2,945
2,054   1,184 870
7,464   5,519 1,945
10,315   6,867 3,448
7,521   6,985 536
8,000   7,848 152
6,000   4,749 1,251
4,000   3,158 842
30,000   23,061 6,939
1,299   1,274 25
7,481   4,458 3,023
13,271   12,202 1,069
1,363   949 414
1,217   957 260
34,000   33,865 135
1,248   1,044 204
1,981   972 1,009
1,851   2,686 -835
6,867   8,954 -2,087
13,613   10,720 2,893
10,138   8,247 1,891
8,153   8,034 119
2,137   2,290 -153
4,273   4,542 -269
2,066   2,183 -117
2,061   2,183 -122
20,000   21,002 -1,002
3,142   3,303 -161
5,175   5,349 -174
2,070   2,140 -70
5,800   2,764 3,036
3,215   3,380 -165
46,813   48,982 -2,169
1,319   727 592
4,025   1,885 2,140
968   605 363
1,994   1,751 243
      20,524
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       6,111
b       286
c       -436
d       -250
e       771
      1,025
      5,539
      89
      4,852
      -686
      -5,002
      643
      66
      -91
      4,554
      38,401
      73
      -6,001
      -30,881
      -212
      -129
      145
      297
      411
      2,720
      960
      2,269
      1,396
      -311
      -616
      -3,865
      167
      13
      -163
      386
      -6,343
      611
      -252
      -157
      748
      -28,034
      -1,514
      -143
      13
      -69
      -42
      -2,527
      98
      1,270
      -127
      -64
      -765
      -497
      -23
      -209
      1,007
      401
      5,781
      -140
      1
      6
      101
      171
      -342
      -231
      1
      -3,819
      -6,074
      -14
      -1,064
      954
      -1,955
      -7
      -42
      -87
      -2,832
      -4,325
      -2,856
      -5,624
      2,128
      42
      -506
      715
      411
      804
      5,525
      618
      1,031
      1,527
      2,893
      -877
      -3,278
      284
      8,316
      77
      -68
      -205
      -313
      31,833
      -315
      -1,982
      -2,945
      870
      1,945
      3,448
      536
      152
      1,251
      842
      6,939
      25
      3,023
      1,069
      414
      260
      135
      204
      1,009
      -835
      -2,087
      2,893
      1,891
      119
      -153
      -269
      -117
      -122
      -1,002
      -161
      -174
      -70
      3,036
      -165
      -2,169
      592
      2,140
      363
      243
       
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 56,648
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 215,213 5,511,594 0.039047
2013 79,709 5,173,425 0.015407
2012 196,333 4,755,763 0.041283
2011      
2010      
2
Total of line 1, column (d) .....................
20.095737
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
0.031912
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,376,661
5
Multiply line 4 by line 3......................
5
171,580
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
987
7
Add lines 5 and 6........................
7
172,567
8
Enter qualifying distributions from Part XII, line 4.............
8
393,015
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 1 987
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........................... 3 987
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- ..... 5 987
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,372
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 2,372
8 Enter any penalty for underpayment of estimated tax. if 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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,385
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet988 RefundedBullet 11 397
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)
    bulletFL
    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 addressbullet  
    14
    The books are in care ofbulletWells Fargo Bank NA Telephone no.bullet (800) 352-3705

    Located atbullet1 WEST 4TH ST 6TH FLOORWINSTON SALEMNC ZIP+4bullet271013818
    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
    WELLS FARGO BANK NA TRUSTEE
    40     		64,659    
    1525 W WT HARRIS BLVD D1114-044
    CHARLOTTE,NC28288
    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
    5,331,046
    b
    Average of monthly cash balances.......................
    1b
    127,493
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,458,539
    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
    5,458,539
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    81,878
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,376,661
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    268,833
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    268,833
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    987
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    987
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    267,846
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    267,846
    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
    267,846
    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
    393,015
    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
    393,015
    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
    987
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    392,028
    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 7 267,846
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 136,434
    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: bullet$ 393,015
    a Applied to 2014, but not more than line 2a 136,434
    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..... 256,581
    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 ..........     		11,265
    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)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    REISTERSTOWN UNITED METHODIST CHURCH
    CO RUMC TRUSTEES
    246 MAIN STREET
    REISTERSTOWN,MD21136     		NONE PC RACHEL BRUEHL MEMORIAL 375,000
    Total .................................bullet 3a 375,000
    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 ...........     		    14 16  
    4 Dividends and interest from securities....     14 95,436  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 56,648  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aGRAHAM ALT REE REB     		    1 447  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   152,547  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13152,547
    (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:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Name of Bond End of Year Book Value End of Year Fair Market Value
    94985D582 WELLS FARGO ADV INTL    
    00206RAV4 AT&T INC    
    031162AZ3 AMGEN INC 11,952 11,025
    06051GEC9 BANK OF AMERICA CORP 11,129 11,108
    166751AJ6 CHEVRON CORP 14,551 13,074
    25459HAY1 DIRECTV HLDG/FIN INC    
    36962G5J9 GENERAL ELEC CAP COR 17,104 16,608
    437076AP7 HOME DEPOT INC    
    494550AY2 KINDER MORGAN ENER 9,459 8,202
    816851AN9 SEMPRA ENERGY 9,552 8,145
    887317AF2 TIME WARNER INC 5,769 5,406
    260543CF8 DOW CHEMICAL CO/THE 8,169 8,387
    261980494 DREYFUS EMG MKT DEBT    
    262028855 DRIEHAUS ACTIVE INCO 10,844 10,172
    464288588 ISHARES MBS ETF 27,202 26,925
    46429B366 ISHARES CMBS ETF    
    693391559 PIMCO EMERG MKTS BD- 51,833 52,447
    722005220 PIMCO FOREIGN BOND (    
    742718DY2 PROCTER & GAMBLE CO/ 15,100 14,989
    037833AK6 APPLE INC 10,769 10,718
    315920702 FID ADV EMER MKTS IN 155,668 147,932
    38141GFG4 GOLDMAN SACHS GROUP 12,455 11,847
    46625HHU7 JPMORGAN CHASE & CO 12,032 11,669
    4812C0803 JPMORGAN HIGH YIELD 109,831 94,974
    20825CAR5 CONOCOPHILLIPS 5,602 5,412
    77958B402 T ROWE PRICE INST FL 50,000 49,593
    913017BV0 UNITED TECHNOLOGIES 7,281 7,124
    40429CFN7 HSBC FINANCE CORP 8,    
    87612EAN6 TARGET CORP 11,919 10,260
    713448BN7 PEPSICO INC 12,911 11,947
    931142CU5 WAL-MART STORES INC 10,139 9,630
    94973VAS6 WELLPOINT INC 5,509 5,296
    084664BE0 BERKSHIRE HATHAWAY 13,864 13,025
    92343VBR4 VERIZON COMMUNICATIO 5,602 5,497
    406216BD2 HALLIBURTON COMPANY 11,051 10,796
    59156RAN8 METLIFE INC    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00203H859 AQR MANAGED FUTURES 12,219 12,719
    025083320 AMER CENT SMALL CAP 155,335 193,039
    04314H204 ARTISAN INTERNATIONA    
    22544R305 CREDIT SUISSE COMM R    
    277923728 EATON VANCE GLOBAL M    
    339128100 JP MORGAN MID CAP VA 135,000 171,309
    464287630 ISHARES RUSSELL 2000 137,629 153,540
    779919109 T ROWE PRICE REAL ES 118,444 216,572
    921943858 VANGUARD FTSE DEVELO 289,731 325,156
    008252108 AFFILIATED MANAGERS 6,327 8,947
    015351109 ALEXION PHARMACEUTIC 5,314 11,064
    023135106 AMAZON COM INC COM 6,963 20,277
    03524A108 ANHEUSER-BUSCH INBEV    
    037411105 APACHE CORP    
    037833100 APPLE INC 62,081 76,629
    084670702 BERKSHIRE HATHAWAY I 13,236 19,674
    097023105 BOEING CO 14,995 22,411
    12572Q105 CME GROUP INC 8,655 14,677
    126650100 CVS HEALTH CORPORATI 8,786 18,185
    148887102 CATAMARAN CORP    
    150870103 CELANESE CORP 6,369 10,503
    151020104 CELGENE CORP COM 4,602 16,048
    156782104 CERNER CORP COM 6,508 10,710
    169656105 CHIPOTLE MEXICAN GRI 3,943 6,718
    17275R102 CISCO SYSTEMS INC 11,557 17,868
    191216100 COCA COLA CO    
    20030N101 COMCAST CORP CLASS A 10,513 16,985
    20605P101 CONCHO RESOURCES INC 8,750 8,636
    235851102 DANAHER CORP 5,373 9,381
    25243Q205 DIAGEO PLC - ADR 8,871 8,726
    254687106 WALT DISNEY CO 9,751 20,911
    268648102 E M C CORP MASS    
    278865100 ECOLAB INC 6,372 11,095
    311900104 FASTENAL CO    
    375558103 GILEAD SCIENCES INC 2,748 10,321
    38141G104 GOLDMAN SACHS GROUP 5,952 9,913
    437076102 HOME DEPOT INC 11,698 22,218
    461202103 INTUIT COM 4,303 7,141
    46625H100 JPMORGAN CHASE & CO 10,210 17,960
    478366107 JOHNSON CONTROLS INC 7,062 10,109
    517834107 LAS VEGAS SANDS CORP 12,209 8,505
    518439104 ESTEE LAUDER COMPANI 8,177 12,416
    58155Q103 MCKESSON CORP 7,378 14,595
    594918104 MICROSOFT CORP 24,625 38,503
    609207105 MONDELEZ INTERNATION 7,637 11,300
    61166W101 MONSANTO CO NEW 26,954 26,699
    611740101 MONSTER BEVERAGE COR    
    641069406 NESTLE S.A. REGISTER 9,209 10,791
    68389X105 ORACLE CORPORATION 8,941 10,265
    731068102 POLARIS INDS INC COM    
    740189105 PRECISION CASTPARTS    
    741503403 THE PRICELINE GROUP 10,287 17,849
    747525103 QUALCOMM INC    
    80004C101 SANDISK CORP COM    
    806857108 SCHLUMBERGER LTD 12,039 11,021
    858912108 STERICYCLE INC COM 11,579 14,110
    872540109 TJX COMPANIES INC 8,400 13,260
    87612E106 TARGET CORP 10,892 13,360
    883556102 THERMO FISHER SCIENT 4,883 11,915
    89151E109 TOTAL S.A. - ADR 14,069 12,496
    892356106 TRACTOR SUPPLY CO CO 10,342 20,007
    902973304 US BANCORP DEL NEW    
    907818108 UNION PACIFIC CORP 13,980 15,953
    911312106 UNITED PARCEL SERVIC 8,101 9,912
    91324P102 UNITEDHEALTH GROUP I 8,554 18,587
    G1151C101 ACCENTURE PLC 5,380 9,301
    G29183103 EATON CORP PLC 7,987 8,014
    00164V103 AMC NETWORKS INC    
    071813109 BAXTER INTL INC    
    167250109 CHICAGO BRIDGE & IRO    
    231021106 CUMMINS INC. 16,129 10,473
    30303M102 FACEBOOK INC 13,884 27,316
    34964C106 FORTUNE BRANDS HOME 8,382 13,986
    404280406 HSBC - ADR 14,473 10,736
    45866F104 INTERCONTINENTAL EXC 5,590 11,019
    459200101 INTERNATIONAL BUSINE    
    637071101 NATIONAL OILWELL INC    
    63872T885 ASG GLOBAL ALTERNATI 20,609 19,278
    855244109 STARBUCKS CORP COM 7,316 16,088
    87817A107 TEAM HEALTH HOLDINGS 8,516 9,129
    92826C839 VISA INC-CLASS A SHR 16,313 24,816
    966244105 WHITEWAVE FOODS CO 5,393 10,078
    G50871105 JAZZ PHARMACEUTICALS 5,041 8,715
    06738C778 BARCLAYS BANK PLC IP 82,899 45,753
    09247X101 BLACKROCK INC 8,466 9,194
    14149Y108 CARDINAL HEALTH INC 11,417 13,391
    172967424 CITIGROUP INC. 14,256 14,801
    30249U101 FMC TECHNOLOGIES INC    
    38259P706 GOOGLE INC-CL C    
    411511306 HARBOR INTERNATION F 85,107 74,250
    464287481 ISHARES RUSSELL MID- 159,944 174,005
    61760X836 MORGAN STANLEY INS F    
    683974604 OPPENHEIMER DEVELOPI    
    693506107 PPG INDUSTRIES INC 12,509 12,056
    74925K581 BOSTON P LNG/SHRT RE 186,152 185,289
    79466L302 SALESFORCE COM INC 10,897 15,445
    89155H793 TOUCHSTONE MID CAP F 63,784 60,172
    90130A101 TWENTY FIRST CENTURY    
    92914A810 VOYA INTL RL EST FD 215,559 189,480
    N6596X109 NXP SEMICONDUCTORS N 9,005 10,784
    00770G847 JOHCM INTERNATIONAL 40,000 39,555
    016255101 ALIGN TECHNOLOGY INC 9,815 10,338
    02079K107 ALPHABET INC CL C 36,827 62,987
    03076C106 AMERIPRISE FINL INC 12,889 11,387
    04314H402 ARTISAN INTERNATIONA 34,692 41,403
    101137107 BOSTON SCIENTIFIC CO 12,624 13,019
    21036P108 CONSTELLATION BRANDS 8,438 12,107
    405217100 HAIN CELESTIAL GROUP 8,489 8,361
    464287200 ISHARES CORE S & P 5 35,020 33,804
    46434V803 ISHA CURR HEDGED MSC 100,109 95,199
    56501R106 MANULIFE FINANCIAL C 8,580 8,748
    580645109 MCGRAW-HILL FINANCIA 9,557 10,449
    596278101 MIDDLEBY CORP 9,443 9,493
    61174X109 MONSTER BEVERAGE COR 5,137 15,939
    654106103 NIKE INC CL B 14,478 16,000
    693475105 PNC FINANCIAL SERVIC 12,956 12,867
    697435105 PALO ALTO NETWORKS I 6,151 5,989
    771195104 ROCHE HOLDINGS LTD - 12,524 12,685
    78462F103 SPDR S & P 500 ETF T 105,024 110,701
    867224107 SUNCOR ENERGY INC NE 16,259 15,686
    88019R690 TEMPLETON EMER MKT S 66,135 60,426
    893641100 TRANSDIGM GROUP INC 10,152 10,280
    90267B682 ETRACS ALERIAN MLP U 50,014 47,572
    92345Y106 VERISK ANALYTICS INC 9,308 9,764
    94975P751 WELLS FARGO EMG MK 400,000 334,586
    G0177J108 ALLERGAN PLC 13,027 13,125
    G66721104 NORWEGIAN CRUISE LIN 13,106 13,947
    G97822103 PERRIGO CO PLC 9,800 9,116

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    US Government Securities - End of Year Book Value:

    216,139
    US Government Securities - End of Year Fair Market Value:

    206,533
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GRA994205 GRAHAM ALT INV FD II AT COST 100,000 90,601
    GTC997004 GAI CORBIN MULTI STR AT COST 100,000 96,323
    GTY995004 GAI AGILITY INCOME F AT COST 50,000 47,279
    SKY990RF9 SKYBRIDGE MULTI-ADVI AT COST 200,000 187,817

    TY 2015 OtherDecreasesSchedule
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Description Amount
    MUTUAL FUND POSTING NEXT TYE 7,338
    ROC 409
    ROUNDING 6
    CURRENT YEAR SALES LOSS SETTLEMENT IN 2015 225


    TY 2015 OtherExpensesSchedule
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    1023 APPLICATION FEE 850 0   850


    TY 2015 OtherIncomeSchedule2
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRAHAM ALT FEE REBATE 20-4897149 447 447  


    TY 2015 OtherIncreasesSchedule
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Description Amount
    MUTUAL FUND POSTING AFTER TYE 8,630
    CURRENT YEAR SALES GAINS SETTLEMENT IN 2015 5,064


    TY 2015 TaxesSchedule
    Name:
    TURNBAUGH J WALTER AND ELEANOR FDN
    EIN:
    45-6967613
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 277 277   0
    FEDERAL ESTIMATES - PRINCIPAL 1,550 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,206 1,206   0
    FOREIGN TAXES ON NONQUALIFIED 575 575   0