Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
The James W and Frances Gibson
McGlothlin Foundation
Number and street (or P.O. box number if mail is not delivered to street address)1005 Glenway Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Bristol, VA24201
A Employer identification number

26-3533035
B Telephone number (see instructions)

(276) 645-1436
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$45,549,041J 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) 24,250,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 211 211  
4 Dividends and interest from securities... 535,701 535,707  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 591,260
b Gross sales price for all assets on line 6a 36,725,828
7 Capital gain net income (from Part IV, line 2)... 12,550,755
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 17,266 17,266  
12 Total. Add lines 1 through 11........ 25,394,438 13,103,939  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 51,515 0   51,515
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 4,710 0   4,710
16a Legal fees (attach schedule)......... Click to see attachment 1,292 0   1,292
b Accounting fees (attach schedule)....... Click to see attachment 4,000 0   4,000
c Other professional fees (attach schedule).... Click to see attachment 27,517 0   27,517
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 129,936 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,140 0   3,140
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 489,669 84,217   398,577
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 711,779 84,217   490,751
25 Contributions, gifts, grants paid....... 1,440,342 2,245,661
26 Total expenses and disbursements. Add lines 24 and 25 2,152,121 84,217   2,736,412
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 23,242,317
b Net investment income (if negative, enter -0-) 13,019,722
c Adjusted net income (if negative, enter -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......... 898,111 6,349,776 6,349,776
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,094,476 Click to see attachment6,235,869 6,235,869
c Investments—corporate bonds (attach schedule)....... 4,513,407 Click to see attachment6,536,126 6,536,126
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,517,715 Click to see attachment26,427,270 26,427,270
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) 24,023,709 45,549,041 45,549,041
Liabilities 17 Accounts payable and accrued expenses.......... 27,842 16,748
18 Grants payable.................. 1,652,541 847,222
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment-7,748 Click to see attachment119,188
23 Total liabilities (add lines 17 through 22)......... 1,672,635 983,158
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 22,351,074 20,565,883
25 Temporarily restricted...............    
26 Permanently restricted...............   24,000,000
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 22,351,074 44,565,883
31 Total liabilities and net assets/fund balances (see instructions). 24,023,709 45,549,041
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
22,351,074
2
Enter amount from Part I, line 27a .....................
2
23,242,317
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,269
4
Add lines 1, 2, and 3 ..........................
4
45,606,660
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,040,777
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
44,565,883
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 PUBLICLY TRADED SECURITIES      
b Capital Gains Dividends P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 36,724,244   24,175,073 12,549,171
b 1,584     1,584
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       12,549,171
b       1,584
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 12,550,755
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 1,800,825 23,851,865 0.075500
2013 1,644,161 22,673,221 0.072516
2012 1,700,774 21,425,755 0.079380
2011 1,215,872 14,685,104 0.082796
2010 376,054 3,467,765 0.108443
2
Total of line 1, column (d) .....................
20.418635
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
0.083727
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
24,604,088
5
Multiply line 4 by line 3......................
5
2,060,026
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
130,197
7
Add lines 5 and 6........................
7
2,190,223
8
Enter qualifying distributions from Part XII, line 4.............
8
2,736,412
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 1 130,197
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 130,197
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- ..... 5 130,197
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 10,184
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,184
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 120,013
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletVA
    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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (276) 645-1436

    Located atbullet1005 Glenway AvenueBristolVA ZIP+4bullet24201
    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
     
     
    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
    James W McGlothlin Chairman/Director
    1.00     		0 0 0
    1005 Glenway Avenue
    Bristol,VA24201
    Frances G McGlothlin VICE CHAIRMAN/VP/SECRETARY/DIRECTOR
    1.00     		0 0 0
    1005 Glenway Avenue
    Bristol,VA24201
    Barbara Bjerke Treasurer
    1.00     		0 0 0
    1005 Glenway Avenue
    Bristol,VA24201
    Lois A Clarke President
    5.00     		51,515 2,061 0
    1005 Glenway Avenue
    Bristol,VA24201
    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
    United Management Company LLC Investment Management 74,179
    1005 Glenway Avenue
    Bristol,VA24201
    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.........................bullet0
    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
    23,923,329
    b
    Average of monthly cash balances.......................
    1b
    1,055,441
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,978,770
    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
    24,978,770
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    374,682
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,604,088
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,230,204
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,230,204
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    130,197
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    130,197
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,100,007
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,100,007
    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
    1,100,007
    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
    2,736,412
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,736,412
    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
    130,197
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,606,215
    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 1,100,007
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 466,630
    b From 2011...... 506,589
    c From 2012...... 675,944
    d From 2013...... 609,066
    e From 2014...... 625,110
    fTotal of lines 3a through e........ 2,883,339
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 2,736,412
    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..... 1,100,007
    e Remaining amount distributed out of corpus 1,636,405
    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 4,519,744
    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) ...     		466,630
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		4,053,114
    10 Analysis of line 9:
    a Excess from 2011.... 506,589
    b Excess from 2012.... 675,944
    c Excess from 2013.... 609,066
    d Excess from 2014.... 625,110
    e Excess from 2015.... 1,636,405
    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
    American Civil War Center at Historic Tredegar
    490 TREDEGAR ST
    RIChmond,VA23219     		None PC American Civil War Museum's American Legacy campaign 50,000
    Backpack Blessings Inc
    PO Box 24
    Grundy,VA24614     		NONE PC Backpack program of Buchanan County, VA 5,000
    Birthplace of Country Music Alliance
    416 State Street
    Bristol,TN37620     		none PC General support for Birthplace of Country Music Museum 111,111
    Blue Ridge PBS
    PO Box 13246
    Roanoke,VA24032     		None PC GENERAL SUPPORT 100
    Brunswick School
    100 MAHER Avenue
    GREENWICH,CT06830     		None nc-sCHOOL GENERAL SUPPORT 10,000
    Children's Hospital Foundation
    801 ROEDER ROAD
    SILVER SPRING,MD20910     		None PC GENERAL SUPPORT 10,000
    COMMUNITIES IN SCHOOLS OF VIRGINIA
    220 Lee Street
    Bristol,VA24201     		None PC Coats, shoes & backpacks for students in need 36,750
    Foundation for Educational and Developmental Opportunities Inc
    139 Terrace Drive
    Bristol,VA24202     		None NC-SCHOOL General support 26,200
    Foundation for Educational and Developmental Opportunities Inc
    139 Terrace Drive
    Bristol,VA24202     		None NC-SCHOOL BUILDING CONSTRUCTION 827,541
    George Mason Environmental Law Clinic
    9033 BROOK FORD ROAD
    BURKE,VA22015     		None PC GENERAL SUPPORT 25,000
    Girls Incorporated of Bristol
    613 Highland Avenue
    Bristol,VA24201     		None pc General support 500
    Johns Hopkins University
    750 E PRATT STREET
    BALTIMORE,MD21202     		None NC-SCHOOL Sidney Kimmel Comprehensive Cancer Center for pancreatic CANCER RESEARCH 250,000
    Legal Services Corporation
    3333 k street nw
    washington,DC20007     		none pc General support & 40th Anniversary Campaign 25,000
    Mountain Mission School Inc
    1760 Edgewater Drive
    Grundy,VA24614     		None nc-sCHOOL Annual Fund 232,000
    New Hope Christian Church
    slate creek road
    grundy,VA24614     		none nc-cHURCH General support 25,000
    Quinnipiac University
    275 Mt Carmel Avenue
    Hamden,CT06518     		None NC-SCHOOL Endowed Scholarship Fund 100,000
    Serving Orphans Worldwide
    340 MARTIN LUTHER KING JR BLVD
    BRIStol,TN37620     		None PC GENERAL SUPPORT 12,500
    St Mark Catholic Church
    600 West Main Street
    Richmond,KY40475     		None NC-CHURCH GENERAL SUPPORT 25,000
    Sullins Academy
    22218 SULLINS ACADEMY DRIVE
    BRISTOL,VA24202     		None PC GENERAL SUPPORT 38,000
    The College of William & Mary
    751 Ukrop Way
    Williamsburg,VA23185     		None NC-SCHOOL McGlothlin Leadership Forum at W&M Business School 109,959
    The College of William & Mary
    751 Ukrop Way
    Williamsburg,VA23185     		None NC-SCHOOL W&M Business School Foundation Capital Fund 250,000
    The Shelter for Abused Women & Children
    PO BOX 10102
    NAPLES,FL34101     		None PC GENERAL SUPPORT 1,000
    United Way of Bristol TNVA
    po box 696
    bristol,TN37621     		none pc General support 50,000
    Virginia Museum of Fine Arts Foundation
    200 N Boulevard
    Richmond,VA23220     		None pc General support 25,000
    Total .................................bullet 3a 2,245,661
    bApproved for future payment
    Birthplace of Country Music Alliance
    416 State Street
    Bristol,TN37620     		None PC General support for Birthplace of Country Music Museum 222,222
    Johns Hopkins University
    750 E PRATT STREET
    BALTIMORE,MD21202     		None NC-SCHOOL Sidney Kimmel Comprehensive Cancer Center for pancreatic CANCER RESEARCH 250,000
    Total .................................bullet 3b 472,222
    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 ...........     		    14 211  
    4 Dividends and interest from securities....     14 535,701  
    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.....     18 17,266  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 591,260  
    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).. 0 1,144,438 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,144,438
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    The James W and Frances Gibson
    McGlothlin Foundation
    Employer identification number

    26-3533035
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    The James W and Frances Gibson
    McGlothlin Foundation         		Employer identification number
    26-3533035
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE UNITED COMPANY
     

       
    1005 GLENWAY AVENUE
     
    BRISTOL, VA24201

    		$ 12,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    JAMES W MCGLOTHLIN  
    1005 GLENWAY AVENUE
     
    BRISTOL, VA24201

    		$ 12,250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    The James W and Frances Gibson
    McGlothlin Foundation         		Employer identification number

    26-3533035
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 SECURITIES $ 11,913,987 2015-12-10
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 SECURITIES $ 11,869,603 2015-12-10
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    The James W and Frances Gibson
    McGlothlin Foundation         		Employer identification number

    26-3533035
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    accounting fees 4,000 0   4,000

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 2% 11/06/18 497,717 497,717
    AETNA INC 2.2% 03/15/19 248,920 248,920
    AMERICAN INTL GROUP 2.3% 07/16/19 247,810 247,810
    AT&T INC 2.3% 03/11/19 249,155 249,155
    BANK OF NEW YORK MTN 2.1% 01/15/19 200,284 200,284
    BAXTER INTERNATIONAL 1.85% 06/15/18 248,035 248,035
    COMERICA INC 2.125% 05/23/19 247,605 247,605
    EASTMAN CHEMICAL CO 2.4% 06/01/17 251,775 251,775
    EMC CORP 2.65% 06/01/20 223,373 223,373
    HOME DEPOT INC 2% 06/15/19 227,054 227,054
    KROGER CO/THE 2.3% 01/15/19 250,855 250,855
    MORGAN STANLEY 2.125% 04/25/18 99,807 99,807
    ORACLE CORP 1.2% 10/15/17 149,814 149,814
    SUNTRUST BANKS INC 2.35% 11/01/18 100,317 100,317
    TARGET CORP 2.3% 06/26/19 253,530 253,530
    UNION PACIFIC CORP 2.25% 02/15/19 202,052 202,052
    US BANCORP SR NOTE MTN 2.2% 04/25/19 201,934 201,934
    VERIZON COMMUNICATION 2.55% 06/17/19 503,522 503,522
    XEROX CORPORATION 2.75% 03/15/19 179,627 179,627
    AMGEN INC 2.125% 05/01/20 197,014 197,014
    BANK OF AMERICA MTN 2.25% 04/21/20 194,846 194,846
    CAPITAL ONE FINANCIAL 2.45% 04/24/19 497,150 497,150
    CITIGROUP INC 1.3% 11/15/16 219,294 219,294
    HEWLETT-PACKARD CO 2.75% 01/14/19 249,565 249,565
    MARSH & MCLENNAN COS 2.35% 03/06/20 297,510 297,510
    PEPSICO INC 2.15% 10/14/20 297,561 297,561

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 116,746 116,746
    ACCENTURE PLC-CL A 146,300 146,300
    AFLAC INC 89,850 89,850
    AIR PRODUCTS & CHEMICALS INC 87,824 87,824
    ALLSTATE CORP 93,135 93,135
    ALTRIA GROUP INC 157,167 157,167
    APPLE INC. 234,204 234,204
    AT&T INC 99,789 99,789
    AUTOMATIC DATA PROCESSING INC 114,372 114,372
    BCE INC 88,826 88,826
    BRISTOL MYERS SQUIBB CO 137,580 137,580
    CHEVRON CORP 85,462 85,462
    CHUBB CORP 106,112 106,112
    CISCO SYSTEMS INC 119,482 119,482
    COCA-COLA CO 107,400 107,400
    COMCAST CORP 118,503 118,503
    ELI LILLY & CO 168,520 168,520
    EXXON MOBIL CORP 87,694 87,694
    GENERAL ELECTRIC CO 121,485 121,485
    GENERAL MILLS INC 115,320 115,320
    GENUINE PARTS CO 107,362 107,362
    GLAXOSMITHKLINE PLC 88,770 88,770
    ILLINOIS TOOL WORKS INC 115,850 115,850
    INTEL CORP 120,575 120,575
    INTERNATIONAL BUSINESS MACHINES CORP 79,132 79,132
    INTERNATIONAL PAPER CO 84,825 84,825
    JOHNSON & JOHNSON 112,992 112,992
    JP MORGAN CHASE & CO 132,060 132,060
    KIMBERLY-CLARK CORP 117,753 117,753
    LOCKHEED MARTIN CORP 162,863 162,863
    MC DONALDS CORP 118,140 118,140
    MEDTRONIC INC 103,842 103,842
    MERCK AND CO INC 116,204 116,204
    NUCOR CORP 74,555 74,555
    OCCIDENTAL PETROLEUM CORP 81,132 81,132
    ORACLE CORP 105,937 105,937
    PEPSICO INC 114,908 114,908
    PFIZER INC 114,594 114,594
    PROCTER & GAMBLE CO 95,292 95,292
    STANLEY BLACK & DECKER,INC. 122,739 122,739
    SYSCO CORP 123,000 123,000
    TEXAS INSTRUMENTS INC 131,544 131,544
    THE TRAVELERS COMPANIES INC. 129,789 129,789
    UNITED TECHNOLOGIES CORP 96,070 96,070
    US BANCORP DEL 115,209 115,209
    VERIZON COMMUNICATIONS INC 92,440 92,440
    VODAFONE GROUP PLC SPONS ADR 96,780 96,780
    WALMART STORES INC 79,690 79,690
    WALT DISNEY CO 152,366 152,366
    WELLS FARGO & CO 130,464 130,464
    AGRIUM INC 89,340 89,340
    GENERAL MOTORS CO 85,025 85,025
    GILEAD SCIENCES INC 88,541 88,541
    LYONDELLBASELL INDU-CL A 95,590 95,590
    SCHLUMBERGER LTD 80,212 80,212
    SKYWORKS SOLUTIONS INC 84,513 84,513

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CONSUMER DISCRETIONARY SELECT SPDR FUND FMV 250,115 250,115
    CONSUMER STAPLES SPDR FUND FMV 237,303 237,303
    HEALTH CARE SELECT SECTOR SPDR FUND FMV 280,917 280,917
    MATERIALS SELECT SECTOR SPDR FUND FMV 195,390 195,390
    SPDR BARCLAYS SHORT TERM CORPORATE FMV 1,047,037 1,047,037
    TECHNOLOGY SELECT SECTOR SPDR FUND FMV 556,790 556,790
    UTILITIES SELECT SECTOR SPDR FUND FMV 173,120 173,120
    ENTERPRISE PRODUCTS PARTNERS L P (PTP) FMV 89,530 89,530
    BLACKROCK CORPORATE HIGH YIELD FUND FMV 48,900 48,900
    ENERGY SELECT SECTOR SPDR FD FMV 162,864 162,864
    ISHARES CORE U.S. AGGREGATE BOND ETF FMV 1,080,100 1,080,100
    INDUSTRIAL SELECT SECT SPDR FMV 212,040 212,040
    FINANCIAL SELECT SECTOR SPDR FMV 238,300 238,300
    SPDR S&P 500 ETF TRUST FMV 21,854,864 21,854,864

    TY 2015 LegalFeesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    legal fees 1,292 0   1,292


    TY 2015 OtherDecreasesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Description Amount
    Net Unrealized Gain 1,040,647
    PRIOR PERIOD ADJUSTMENT 130


    TY 2015 OtherExpensesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fees 240 240   0
    Management Fees 83,402 83,402   0
    Depository Fees 127 127   0
    SUPPLIES 223 0   223
    licenses 25 0   25
    passthrough loss enterprise products partners lp 7,323 448   0
    LIFE INSURANCE 398,329 0   398,329


    TY 2015 OtherIncomeSchedule2
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY GAIN - ENTERPRISE PRODUCT PARTNERS 17,266 17,266 17,266


    TY 2015 OtherIncreasesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Description Amount
    NON DIVIDEND DISTRIBUTIONS 998
    Partnership Distributions Recorded as Income on Books 4,948
    Partnership Passthrough Income and Expenses Not Recorded on Books 7,323


    TY 2015 OtherLiabilitiesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Description Beginning of Year - Book Value End of Year - Book Value
    Federal Excise Tax payable -7,748 119,188


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting Fees 27,517 0   27,517


    TY 2015 SubstantialContributorsSch
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Name Address
    JAMES W MCGLOTHLIN 1005 GLENWAY AVE
    BRISTOL,VA24201


    TY 2015 TaxesSchedule
    Name:
    The James W and Frances Gibson
     
    McGlothlin Foundation
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Section 4940 Tax 129,936 0   0