TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

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

Name of foundation
JOSEPH M WRIGHT CHAR FOUND INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 10788
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27605

A Employer identification number

56-1872992

B Telephone number (see instructions)

(919) 749-5254

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$1,798,966J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	2,457		2,457	2,457
4	Dividends and interest from securities...	40,088		40,088	40,088
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		85,087
b	Gross sales price for all assets on line 6a 1,144,425
7	Capital gain net income (from Part IV, line 2)...			78,907
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).......		1,815		1,815
12	Total. Add lines 1 through 11........	129,447		121,452	44,360
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		3,250	200
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,262	1,262
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		22,879	19,049
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	27,391		20,511		0
25	Contributions, gifts, grants paid.......	110,250				110,250
26	Total expenses and disbursements. Add lines 24 and 25	137,641		20,511		110,250
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-8,194
b	Net investment income (if negative, enter -0-)			100,941
c	Adjusted net income (if negative, enter -0-)...				44,360

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	128,017	82,983	82,983
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	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).......	1,639,156	1,677,004	1,715,983
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	4,796	3,788
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,771,969	1,763,775	1,798,966
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	1,771,969	1,763,775
	30	Total net assets or fund balances (see instructions).....	1,771,969	1,763,775
	31	Total liabilities and net assets/fund balances (see instructions).	1,771,969	1,763,775

Part III

Analysis of Changes in Net Assets or Fund Balances

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

1,771,969

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

-8,194

Other increases not included in line 2 (itemize) bullet

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

1,763,775

Decreases not included in line 2 (itemize) bullet

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

1,763,775

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	ABBVIE INC	P	2013-10-15	2015-05-22
b	ALLSTATE CORP	P	2014-03-12	2015-08-20
c	AMGEN INC	P	2014-06-23	2015-03-24
d	BANCO LATINO AMERICAN DE COMERCIO	P	2014-02-04	2015-01-13
e	COACH INC	P	2015-01-13	2015-04-29
	DELTA AIR LINES	P	2013-04-03	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2014-11-24	2015-12-07
	EPR PPTYS	P	2014-12-22	2015-04-29
	GENUINE PARTS	P	2011-09-16	2015-01-13
	HCA HOLDINGS	P	2014-11-24	2015-12-08
	HOME DEPOT	P	2015-01-13	2015-04-29
	IBM	P	2013-11-27	2015-01-06
	ISHARES S&P PFD	P	2013-05-14	2015-04-29
	KROGER CO	P	2014-09-24	2015-01-07
	LTC PPTYS INC	P	2014-12-22	2015-01-12
	MCKESSON CORP	P	2015-05-11	2015-12-07
	MFS GOVT MKTS INCOME	P	2011-09-16	2015-04-29
	NEW RESIDENTIAL INVT	P	2013-05-22	2015-01-13
	OMEGA HEALTHCARE	P	2015-05-22	2015-08-20
	ORACLE CORPORATION	P	2011-09-16	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-26
	POWERSHARES SENIOR LOAN	P	2015-01-12	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-23	2015-12-07
	SUNTRUST BANK	P	2014-06-13	2015-08-21
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-15	2015-04-29
	TRINITY INDUSTRIES	P	2014-06-17	2015-08-20
	UNITED TECHNOLOGIES CORP	P	2013-10-15	2015-08-21
	ACCENTURE PLC	P	2015-01-13	2015-04-29
	ALLSTATE CORP	P	2013-11-27	2015-08-21
	AMGEN INC	P	2013-10-15	2015-03-24
	BANCO LATINO AMERICAN DE COMERCIO	P	2014-12-22	2015-01-20
	COACH INC	P	2015-01-12	2015-04-29
	DEVON ENERGY CORPORATION	P	2015-05-22	2015-08-21
	DU PONT E I DE NEMOURS	P	2014-12-22	2015-01-12
	EPR PPTYS	P	2014-02-04	2015-04-29
	GENUINE PARTS	P	2011-09-16	2015-04-29
	HCA HOLDINGS INC	P	2014-11-24	2015-03-23
	HONEYWELL INTL	P	2014-02-04	2015-01-12
	IBM	P	2011-05-17	2015-01-07
	ISHARES S&P PFD	P	2014-02-04	2015-04-29
	KROGER CO	P	2014-09-24	2015-03-23
	LTC PPTYS INC	P	2014-12-22	2015-01-13
	MCKESSON CORPORATION	P	2013-11-29	2015-03-23
	MICROCHIP TECHNOLOGY	P	2011-09-16	2015-01-12
	NEW RESIDENTIAL INVT	P	2013-05-22	2015-01-14
	OMEGA HEALTHCARE	P	2015-05-11	2015-08-20
	ORACLE CORPORATION	P	2011-09-16	2015-09-25
	PACKAGING CORP	P	2014-03-12	2015-05-26
	POWERSHARES SENIOR LOAN	P	2012-09-10	2015-04-29
	ROYAL CARRIBEAN CRUISES	P	2014-03-13	2015-01-06
	SYMANTEC CORP	P	2014-09-11	2015-04-29
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-13	2015-04-29
	TYSON FOODS	P	2014-09-23	2015-03-23
	US EQUITY HIGH VOLATIL	P	2015-01-13	2015-04-29
	ACCENTURE PLC	P	2015-01-12	2015-04-29
	ALPHABET INC	P	2015-09-25	2015-12-07
	APPLE COMPUTER	P	2013-10-15	2015-03-23
	BANCO LATINOAMERICAN DE COMERCIO	P	2014-02-04	2015-01-12
	CONOCOPHILLIPS	P	2015-05-11	2015-05-26
	DEVON ENERGY CORPORATION	P	2015-05-26	2015-08-21
	DU PONT E I DE NEMOURS	P	2014-02-04	2015-01-12
	EPR PPTYS	P	2013-08-20	2015-04-29
	GENUINE PARTS CO	P	2014-02-04	2015-01-12
	HELMERICH & PAYNE	P	2014-09-22	2015-01-07
	HONEYWELL INTL	P	2014-12-22	2015-04-29
	INTEL CORP	P	2014-09-22	2015-03-23
	ISHARES S&P PFD STK INDX	P	2014-12-22	2015-01-12
	KROGER CO	P	2015-05-11	2015-12-07
	LTC PPTYS INC	P	2014-02-04	2015-01-13
	MCKESSON CORPORATION	P	2013-11-29	2015-12-07
	MICROCHIP TECHNOLOGY	P	2013-12-13	2015-01-12
	NEW RESIDENTIAL INVT CORP	P	2014-02-04	2015-01-12
	OMEGA HEALTHCARE	P	2011-10-19	2015-01-12
	ORACLE CORPORATION	P	2011-09-16	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-26
	POWESHARES SENIOR LOAN	P	2014-02-04	2015-04-29
	ROYAL CARRIBEAN CRUISES	P	2014-03-13	2015-01-07
	T ROWE PRICE NEW HORIZONS	P	2013-10-23	2015-07-01
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	TYSON FOODS	P	2014-09-23	2015-03-24
	US EQUITY HIGH VOLATIL	P	2014-12-22	2015-04-29
	AETNA INC	P	2015-05-11	2015-08-20
	AMDOCS LTD	P	2015-05-11	2015-08-20
	ARTISAN INTERNATIONAL FUND	P	2013-10-23	2015-04-21
	BLACKROCK FDS II	P	2013-05-06	2015-01-06
	CONOCOPHILLIPS	P	2014-09-23	2015-05-26
	DIGITAL RLTY TR	P	2011-10-19	2015-04-29
	DU PONT E I DE NEMOURS	P	2011-09-16	2015-01-12
	EPR PPTYS	P	2013-08-20	2015-04-29
	GILEAD SCIENCES	P	2014-09-23	2015-05-22
	HELMERICH & PAYNE	P	2014-09-22	2015-01-08
	HONEYWELL INTL	P	2012-04-26	2015-01-12
	INTEL CORP	P	2014-09-22	2015-03-24
	JPMORGAN TR INCOME	P	2014-10-31	2015-10-02
	KROGER CO	P	2014-09-24	2015-12-07
	LYONDELLBASELL INDUSTRIES	P	2014-01-07	2015-05-22
	MCKESSON CORPORATION	P	2013-11-27	2015-12-07
	MICROCHIP TECHNOLOGY INC	P	2014-12-22	2015-01-12
	NEW SENIOR INVESTMENT GROUP	P	2014-11-07	2015-01-13
	OMEGA HEALTHCARE	P	2013-05-14	2015-01-12
	ORACLE CORPORATION	P	2013-10-15	2015-09-25
	PACKAGING CORP AMER	P	2014-03-13	2015-01-06
	RAYTHEON COMPANY	P	2015-05-11	2015-05-26
	ROYAL CARRIBEAN CRUISES	P	2015-05-11	2015-08-21
	TE CONNECTIVITY LTD	P	2014-06-16	2015-06-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-14	2015-04-29
	UBS ETRACS ALERIAN	P	2014-02-04	2015-04-29
	US EQUITY HIGH VOLATIL	P	2014-02-28	2015-04-29
	AETNA INC	P	2014-03-12	2015-03-23
	AMDOCS LTD	P	2014-03-13	2015-08-20
	ARTISAN PARTNERS ASSET MGMT	P	2015-01-12	2015-04-29
	BOEING CO COM	P	2014-09-22	2015-03-23
	CONOCOPHILLIPS	P	2013-04-03	2015-05-22
	DIGITAL RLTY TR	P	2014-02-04	2015-04-29
	DU PONT E I DE NEMOURS	P	2011-09-16	2015-04-29
	GANNETT INC	P	2014-02-04	2015-01-12
	GOLDMAN SACHS GROUP	P	2015-05-22	2015-08-20
	HELMERICH & PAYNE	P	2013-04-03	2015-01-08
	HONEYWELL INTL	P	2012-04-26	2015-04-29
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-25
	JPMORGAN TR INCOME	P	2013-05-06	2015-04-01
	LINCOLN NATIONAL CORP	P	2015-05-11	2015-08-21
	LYONDELLBASELL INDUSTRIES	P	2014-01-07	2015-12-07
	MCKESSON CORPORATION	P	2013-11-29	2015-12-07
	MICROCHIP TECHNOLOGY INC	P	2014-02-04	2015-01-12
	NEW SENIOR INVESTMENT GROUP	P	2014-11-07	2015-01-13
	OMEGA HEALTHCARE	P	2013-11-27	2015-01-12
	ORACLE CORPORATION	P	2013-04-03	2015-09-25
	PAYCHEX COM	P	2015-01-13	2015-04-29
	RAYTHEON COMPANY	P	2013-11-27	2015-05-22
	ROYAL CARRIBEAN CRUISES	P	2014-03-13	2015-08-21
	TE CONNECTIVITY LTD	P	2015-05-11	2015-05-22
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-13	2015-04-29
	UBS ETRACS ALERIAN	P	2013-12-13	2015-04-29
	VANGUARD REIT ETF	P	2011-09-15	2015-04-01
	AETNA INC	P	2014-03-12	2015-08-20
	AMERICAN HOMES 4 RENT	P	2014-07-17	2015-01-13
	ARTISAN PARTNERS ASSET MGMT	P	2015-01-13	2015-04-29
	BROADRIDGE FINANCIAL SOLUTION	P	2015-01-12	2015-03-23
	CONOCOPHILLIPS	P	2013-10-15	2015-05-26
	DIGITAL RLTY TR INC	P	2015-01-12	2015-04-29
	EATON CORP	P	2014-12-22	2015-04-29
	GANNETT INC	P	2014-12-22	2015-04-29
	HANESBRANDS INC	P	2015-05-11	2015-08-21
	HELMERICH & PAYNE	P	2013-10-15	2015-01-08
	HONEYWELL INTL	P	2012-09-07	2015-04-29
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-28
	JPMORGAN TR INCOME	P	2013-10-15	2015-04-01
	LINCOLN NATIONAL CORP	P	2014-03-12	2015-08-20
	LYONDELLBASELL INDUSTRIES	P	2014-01-07	2015-12-08
	MCKESSON CORPORATION	P	2013-11-29	2015-12-07
	MICROSOFT CORP	P	2015-05-22	2015-12-07
	NEWCASTLE INVESTMENT CORP	P	2014-02-04	2015-01-14
	OMEGA HEALTHCARE	P	2011-10-19	2015-01-13
	OUTFRONT MEDIA	P	2015-01-13	2015-04-29
	PAYCHEX COM	P	2015-01-12	2015-04-29
	RAYTHEON COMPANY	P	2013-11-29	2015-05-22
	SEAGATE TECHNOLOGY	P	2015-03-24	2015-08-21
	TE CONNECTIVITY LTD	P	2014-06-16	2015-05-22
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-21	2015-04-29
	UBS ETRACS ALERIAN MLP	P	2015-01-13	2015-04-29
	WELLS FARGO ABSOLUTE	P	2014-04-24	2015-04-01
	AIRCASTLE LTD	P	2014-02-04	2015-01-12
	AMERICAN HOMES 4 RENT	P	2014-07-18	2015-04-29
	ARTISAN PARTNERS ASSET MGMT	P	2015-01-13	2015-04-29
	BROADRIDGE FINANCIAL SOLUTION	P	2015-01-12	2015-03-24
	CONOCOPHILLIPS	P	2013-04-03	2015-05-26
	DISCOVER FINANCIAL	P	2015-03-23	2015-05-22
	EATON CORP	P	2013-04-19	2015-01-12
	GANNETT INC	P	2013-02-25	2015-01-12
	HANESBRANDS INC	P	2013-06-25	2015-03-23
	HERCULES TECHNOLOGY	P	2011-09-16	2015-01-13
	HOSPITALITY PPTYS	P	2014-12-22	2015-01-12
	INTERNATIONAL PAPER CO	P	2015-05-26	2015-09-28
	JPMORGAN TR INCOME	P	2013-10-15	2015-10-02
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2014-09-23	2015-03-23
	MERCK & CO	P	2015-01-13	2015-04-29
	MYLAN N V SHS	P	2015-03-23	2015-05-22
	NEWCASTLE INVESTMENT CORP	P	2013-05-14	2015-01-14
	OMEGA HEALTHCARE	P	2011-10-19	2015-04-29
	OUTFRONT MEDIA	P	2015-01-13	2015-04-29
	PFIZER INC	P	2014-12-22	2015-01-12
	RAYTHEON COMPANY	P	2013-11-29	2015-05-26
	SEAGATE TECHNOLOGY	P	2015-05-11	2015-08-21
	TE CONNECTIVITY LTD	P	2014-06-16	2015-05-22
	TORTOISE ENERGY INFRASTRUCTURE	P	2014-12-22	2015-04-29
	UBS ETRACS ALERIAN MLP	P	2015-01-15	2015-04-29
	WELLS FARGO ABSOLUTE	P	2014-04-24	2015-10-02
	AIRCASTLE LTD	P	2014-12-22	2015-04-29
	AMERICAN HOMES 4 RENT	P	2014-07-21	2015-04-29
	AT&T INC	P	2014-02-04	2015-01-12
	CDW CORP	P	2014-11-25	2015-08-20
	CUMMINS ENGINE INC	P	2015-01-12	2015-04-29
	DISCOVER FINANCIAL	P	2015-05-11	2015-05-22
	EATON CORP	P	2013-04-19	2015-04-29
	GANNETT INC	P	2013-02-25	2015-04-29
	HANESBRANDS INC	P	2013-06-25	2015-03-24
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS TR	P	2014-02-04	2015-04-29
	INTERNATIONAL PAPER CO	P	2015-05-22	2015-09-28
	KIMBERLY CLARK CORP	P	2015-03-23	2015-12-07
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2015-05-11	2015-12-07
	METLIFE	P	2014-03-12	2015-01-06
	MYLAN N V SHS	P	2015-03-23	2015-08-21
	OLIN CORP	P	2014-12-22	2015-01-12
	OPPENHEIMER DVLPING MKTS	P	2015-05-07	2015-10-02
	OUTFRONT MEDIA	P	2015-01-14	2015-04-29
	PFIZER INC	P	2014-02-04	2015-01-12
	REALTY INCOME CORP	P	2014-02-04	2015-01-12
	SEAGATE TECHNOLOGY	P	2013-04-03	2015-08-20
	TESORO PETE CORP	P	2015-01-06	2015-03-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-12	2015-04-29
	UBS ETRACS ALERIAN MLP	P	2014-12-22	2015-04-29
	WELLS FARGO COMPANY	P	2015-05-11	2015-08-20
	AIRCASTLE LTD	P	2013-05-30	2015-01-12
	AMERICAN HOMES 4 RENT	P	2014-07-22	2015-04-29
	AT&T INC	P	2011-09-16	2015-01-12
	CDW CORP	P	2015-05-11	2015-08-20
	CVS/CAREMARK CORP	P	2013-10-15	2015-01-06
	DISCOVER FINANCIAL	P	2013-10-15	2015-05-22
	EATON CORP	P	2014-02-04	2015-04-29
	GENERAL ELECTRIC	P	2014-12-22	2015-04-29
	HANESBRANDS INC	P	2013-06-25	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS TR	P	2013-05-14	2015-04-29
	INVESCO MORTGAGE	P	2013-05-14	2015-01-12
	KIMBERLY CLARK CORP	P	2015-05-11	2015-12-07
	LINCOLN NATIONAL CORP	P	2013-10-15	2015-08-21
	MACYS INC	P	2014-06-13	2015-12-07
	METLIFE INC	P	2013-10-15	2015-01-06
	MYLAN NV SHS	P	2015-05-11	2015-08-21
	OLIN CORP	P	2014-02-04	2015-01-13
	OPPENHEIMER DVLPING MKTS	P	2011-09-15	2015-10-02
	PACCAR INC	P	2015-08-20	2015-12-07
	PFIZER INC	P	2014-02-04	2015-04-29
	REALTY INCOME CORP	P	2011-09-16	2015-01-12
	SEAGATE TECHNOLOGY	P	2013-10-15	2015-08-20
	TESORO PETE CORP	P	2015-01-16	2015-12-07
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2015-04-29
	UNION PAC CORP	P	2015-05-11	2015-08-21
	WELLS FARGO COMPANY	P	2015-03-23	2015-08-20
	AIRCASTLE LTD	P	2013-05-29	2015-01-12
	AMERICAN HOMES 4 RENT	P	2014-07-17	2015-04-29
	AT&T INC	P	2013-05-14	2015-01-12
	CDW CORP	P	2014-11-25	2015-12-07
	DANA LARGE CAP	P	2015-05-07	2015-10-02
	DISCOVER FINANCIAL	P	2013-04-03	2015-05-22
	EATON VANCE TAX	P	2012-06-28	2015-04-29
	GENERAL ELECTRIC	P	2013-02-07	2015-01-12
	HANESBRANDS INC	P	2013-06-24	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS TR	P	2011-10-20	2015-04-29
	INVESCO MORTGAGE CAPITAL	P	2014-02-04	2015-01-12
	KINDER MORGAN INC	P	2015-03-18	2015-04-29
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MACYS INC	P	2014-09-23	2015-12-07
	METLIFE INC	P	2013-06-24	2015-01-06
	NATIONAL HEALTH INVS	P	2014-02-04	2015-01-13
	OLIN CORP	P	2011-09-16	2015-01-12
	OPPENHEIMER INTL BD	P	2012-10-12	2015-04-01
	PACKAGING CORP	P	2015-05-11	2015-05-22
	PFIZER INC	P	2011-09-16	2015-04-29
	REALTY INCOME CORP	P	2013-05-14	2015-01-12
	SEAGATE TECHNOLOGY	P	2013-04-03	2015-08-21
	TESORO PETE CORP	P	2015-05-11	2015-12-07
	TORTOISE ENERGY INFRASTRUCTURE	P	2013-05-14	2015-04-29
	UNION PAC CORP	P	2015-05-22	2015-08-21
	WELLS FARGO COMPANY	P	2013-10-15	2015-08-20
	AIRCASTLE LTD	P	2013-05-29	2015-04-29
	AMERICAN HOMES 4 RENT	P	2014-07-31	2015-04-29
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-13
	CHEVRON CORP	P	2015-08-20	2015-12-07
	DANA LARGE CAP	P	2014-12-15	2015-10-02
	DODGE & COX INCOME	P	2014-07-14	2015-04-01
	EATON VANCE TAX	P	2011-09-16	2015-04-29
	GENERAL ELECTRIC	P	2013-12-13	2015-04-29
	HANESBRANDS INC	P	2013-06-24	2015-08-21
	HERCULES TECHNOLOGY GROWTH	P	2014-02-04	2015-01-21
	HOSPITALITY PPTYS TR	P	2011-10-19	2015-04-29
	IRON MTN INC	P	2015-01-12	2015-04-29
	KRAFT FOODS GROUP	P	2015-01-12	2015-04-24
	LINCOLN NATIONAL CORP	P	2014-03-12	2015-08-21
	MAGNA INTL INC	P	2015-05-11	2015-05-22
	MFS GOVT MKTS	P	2015-01-13	2015-04-29
	NATIONAL HEALTH INVS	P	2014-12-22	2015-01-13
	OLIN CORP	P	2013-05-14	2015-01-13
	ORACLE CORPORATION	P	2015-08-20	2015-09-25
	PACKAGING CORP	P	2014-09-23	2015-05-22
	PNC BANK	P	2015-05-11	2015-08-20
	REYNOLDS AMERICAN	P	2015-03-23	2015-05-26
	SKYWORKS SOLUTIONS	P	2014-03-13	2015-01-06
	TEXAS INSTRS	P	2015-03-23	2015-05-22
	TRINITY INDUSTRIES	P	2015-01-06	2015-03-24
	UNION PAC CORP	P	2013-03-27	2015-08-21
	WHIRLPOOL CORP	P	2015-05-11	2015-05-22
	AIRCASTLE LTD	P	2013-05-29	2015-04-29
	AMERICAN HOMES 4 RENT	P	2014-12-22	2015-04-29
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-14
	CISCO SYSTEMS	P	2015-01-12	2015-04-29
	DANA LARGE CAP EQUITY	P	2014-12-15	2015-04-01
	DR PEPPER SNAPPLE GROUP	P	2014-11-25	2015-08-20
	EATON VANCE TAX	P	2014-02-04	2015-04-29
	GENERAL ELECTRIC	P	2014-02-04	2015-04-29
	HANESBRANDS INC	P	2013-06-24	2015-08-24
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-15
	IBM	P	2014-06-13	2015-01-06
	IRON MTN INC	P	2015-01-13	2015-04-29
	KRAFT FOODS GROUP	P	2011-09-16	2015-04-24
	LINCOLN NATIONAL CORP	P	2013-09-05	2015-08-21
	MAGNA INTL INC	P	2014-09-23	2015-05-22
	MFS GOVT MKTS	P	2015-01-15	2015-04-29
	NATIONAL HEALTH INVS	P	2013-05-14	2015-01-12
	OLIN CORP	P	2011-09-16	2015-01-13
	ORACLE CORPORATION	P	2015-05-11	2015-09-25
	PACKAGING CORP	P	2014-03-13	2015-05-22
	PNC BANK CORP	P	2014-06-16	2015-08-20
	REYNOLDS AMERICAN	P	2015-03-23	2015-08-20
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-01-06
	TEXAS INSTRS	P	2015-05-11	2015-05-22
	TRINITY INDUSTRIES	P	2015-05-11	2015-08-20
	UNION PAC CORP	P	2013-10-15	2015-08-21
	WHIRLPOOL CORP	P	2013-10-15	2015-03-23
	ALLSTATE CORP	P	2015-05-11	2015-08-21
	AMERICAN HOMES 4 RENT	P	2014-07-30	2015-04-29
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-15
	CISCO SYSTEMS	P	2014-09-22	2015-05-22
	DELTA AIR LINES	P	2015-05-22	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2015-05-11	2015-08-20
	EATON VANCE TAX MAN	P	2015-01-13	2015-04-29
	GENERAL ELECTRIC	P	2013-02-07	2015-04-29
	HCA HOLDINGS	P	2014-11-24	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-16
	IBM	P	2014-01-07	2015-01-06
	ISHARES S&P	P	2012-02-07	2015-01-12
	KRAFT FOODS GROUP	P	2014-02-04	2015-04-24
	LOWES COS INC	P	2015-05-22	2015-08-21
	MAGNA INTL INC	P	2014-09-23	2015-12-07
	MFS GOVT MKTS	P	2015-01-14	2015-04-29
	NATIONAL HEALTH INVS	P	2013-05-14	2015-01-13
	OLIN CORP	P	2013-05-14	2015-01-13
	ORACLE CORPORATION	P	2015-08-20	2015-09-28
	PACKAGING CORP	P	2014-03-13	2015-05-22
	POTASH CORP	P	2015-01-12	2015-04-29
	REYNOLDS AMERICAN	P	2015-05-11	2015-08-20
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-01-07
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	TRINITY INDUSTRIES	P	2015-05-22	2015-08-20
	UNITED TECHNOLOGIES	P	2014-09-23	2015-08-21
	WHIRLPOOL CORP	P	2013-10-15	2015-05-22
	ALLSTATE CORP	P	2014-03-12	2015-03-23
	AMERICAN HOMES 4 RENT	P	2014-04-11	2015-04-29
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-16
	CMS ENERGY CORP	P	2015-05-11	2015-08-20
	DELTA AIR LINES	P	2015-05-11	2015-08-21
	DR PEPPER SNAPPLE GROUP	P	2014-11-25	2015-12-07
	EATON VANCE TAX MAN	P	2014-12-22	2015-04-29
	GENUINE PARTS	P	2014-12-22	2015-04-29
	HCA HOLDINGS	P	2015-05-11	2015-08-20
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-20
	IBM	P	2011-05-17	2015-01-06
	ISHARES S&P	P	2012-02-08	2015-01-12
	KRAFT FOODS GROUP	P	2011-09-16	2015-04-24
	LTC PPTYS	P	2013-05-14	2015-01-13
	MAGNA INTL INC	P	2013-04-03	2015-12-07
	MFS GOVT MKTS INCOME	P	2014-02-04	2015-04-29
	NATIONAL HEALTH INVS	P	2011-09-16	2015-01-13
	OLIN CORP	P	2013-05-14	2015-01-14
	ORACLE CORPORATION	P	2013-06-26	2015-09-25
	PACKAGING CORP	P	2014-03-12	2015-05-26
	POWERSHARES SENIOR LOAN	P	2015-01-13	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-24	2015-12-07
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-03-23
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	TRINITY INDUSTRIES	P	2015-01-06	2015-08-20
	UNITED TECHNOLOGIES	P	2015-05-11	2015-08-21
	WHIRLPOOL CORP	P	2013-06-24	2015-05-22
	ALLSTATE CORP	P	2013-11-27	2015-08-20
	AMERICAN HOMES 4 RENT	P	2014-04-10	2015-04-29
	BANCO LATINO AMERICAN	P	2011-09-16	2015-01-20
	CMS ENERGY CORP	P	2013-04-03	2015-08-20
	DELTA AIR LINES	P	2013-04-03	2015-01-06
	DR PEPPER SNAPPLE GROUP	P	2014-11-25	2015-12-07
	EATON VANCE TAX MAN	P	2015-01-13	2015-04-29
	GENUINE PARTS	P	2011-09-16	2015-01-12
	HCA HOLDINGS	P	2014-11-24	2015-08-21
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2015-01-21
	IBM	P	2013-10-15	2015-01-06
	ISHARES S&P PFD	P	2011-09-16	2015-04-29
	KRANESHARES TR CHI COM PAPER	P	2015-01-13	2015-03-18
	LTC PPTYS	P	2011-09-16	2015-01-13
	MAGNA INTL INC	P	2013-10-15	2015-12-07
	MFS GOVT MKTS INCOME	P	2013-05-14	2015-04-29
	NEW RESIDENTIAL INVT	P	2013-05-22	2015-01-12
	OMEGA HEALTHCARE	P	2014-12-22	2015-01-12
	ORACLE CORPORATION	P	2013-06-26	2015-09-25
	PACKAGING CORP	P	2014-03-12	2015-05-26
	POWERSHARES SENIOR LOAN	P	2014-12-22	2015-04-29
	REYNOLDS AMERICAN	P	2015-03-24	2015-12-07
	SKYWORKS SOLUTIONS	P	2014-03-12	2015-03-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2015-01-20	2015-04-29
	TRINITY INDUSTRIES	P	2014-06-16	2015-08-20
	UNITED TECHNOLOGIES CORP	P	2013-04-03	2015-08-21
	WILLIAM BLAIR FDS	P	2013-12-12	2015-01-06

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,048	737	311
b	439	389	50
c	500	347	153
d	116	99	17
e	3,391	3,416	-25
	10,817	3,619	7,198
	553	436	117
	299	292	7
	873	488	385
	9,993	10,425	-432
	5,588	5,383	205
	1,095	1,258	-163
	1,277	1,308	-31
	2,067	1,682	385
	185	169	16
	378	460	-82
	1,350	1,410	-60
	176	189	-13
	1,480	1,437	43
	3,313	2,680	633
	349	360	-11
	48	48
	469	358	111
	1,132	1,086	46
	304	290	14
	4,848	7,815	-2,967
	2,072	2,337	-265
	1,035	997	38
	3,041	2,672	369
	1,500	999	501
	354	404	-50
	886	886
	3,121	5,067	-1,946
	223	221	2
	419	348	71
	4,357	2,605	1,752
	1,950	1,737	213
	689	630	59
	4,960	5,636	-676
	638	604	34
	2,394	1,629	765
	46	42	4
	1,846	1,325	521
	6,293	4,401	1,892
	1,314	1,461	-147
	259	252	7
	541	437	104
	211	215	-4
	4,054	4,185	-131
	1,234	767	467
	4,223	4,223
	260	247	13
	2,385	2,229	156
	258	254	4
	4,706	4,472	234
	1,542	1,290	252
	1,916	1,068	848
	373	323	50
	128	131	-3
	4,036	6,482	-2,446
	446	374	72
	4,965	4,146	819
	488	391	97
	712	1,181	-469
	410	407	3
	1,440	1,600	-160
	475	475
	494	435	59
	326	267	59
	567	497	70
	660	621	39
	138	131	7
	1,403	500	903
	1,621	1,311	310
	210	220	-10
	314	324	-10
	1,238	767	471
	31,869	31,403	466
	738	731	7
	10,416	10,237	179
	188	181	7
	239	219	20
	59	54	5
	40,381	37,870	2,511
	21,275	21,275
	2,050	2,542	-492
	3,018	2,754	264
	891	565	326
	299	250	49
	1,571	1,485	86
	1,040	1,673	-633
	3,051	1,879	1,172
	9,701	10,890	-1,189
	25,727	26,842	-1,115
	329	210	119
	2,990	2,292	698
	6,615	5,776	839
	396	408	-12
	633	676	-43
	1,105	926	179
	2,629	2,410	219
	2,985	2,807	178
	106	107	-1
	259	218	41
	1,747	1,478	269
	1,823	1,716	107
	1,092	1,132	-40
	3,639	3,633	6
	4,366	2,936	1,430
	1,478	1,132	346
	371	376	-5
	1,225	1,029	196
	4,958	4,559	399
	321	259	62
	4,447	2,824	1,623
	513	453	60
	1,184	1,246	-62
	6,239	6,091	148
	103	61	42
	4,521	6,213	-1,692
	4,038	4,117	-79
	52	59	-7
	461	395	66
	1,323	1,159	164
	528	521	7
	17	18	-1
	680	534	146
	1,188	1,078	110
	3,373	3,297	76
	9,519	7,939	1,580
	1,897	1,125	772
	420	418	2
	999	944	55
	14,218	14,068	150
	7,337	4,437	2,900
	1,436	881	555
	226	225	1
	2,041	2,099	-58
	917	797	120
	1,089	1,221	-132
	578	619	-41
	209	207	2
	384	351	33
	355	382	-27
	122	150	-28
	4,716	2,743	1,973
	1,992	2,814	-822
	638	643	-5
	322	311	11
	438	395	43
	2,458	2,153	305
	2,332	1,981	351
	12	100	-88
	255	91	164
	1,016	936	80
	1,124	1,083	41
	856	712	144
	2,480	2,783	-303
	7,696	6,773	923
	3,169	3,141	28
	4,898	4,732	166
	5,074	5,250	-176
	367	335	32
	102	100	2
	1,345	1,385	-40
	643	563	80
	2,434	2,280	154
	1,966	1,955	11
	328	280	48
	1,418	931	487
	689	252	437
	117	76	41
	288	287	1
	865	1,216	-351
	3,040	3,188	-148
	2,601	2,194	407
	1,847	1,650	197
	5,594	5,863	-269
	1,749	1,589	160
	147	2,662	-2,515
	4,876	1,937	2,939
	3,513	3,245	268
	393	384	9
	1,584	1,334	250
	347	399	-52
	5,387	4,728	659
	564	586	-22
	1,595	1,522	73
	9,682	10,666	-984
	316	270	46
	26	25	1
	268	259	9
	1,595	1,439	156
	5,037	5,268	-231
	477	477
	4,321	3,319	1,002
	5,727	3,248	2,479
	3,864	1,435	2,429
	56	62	-6
	404	323	81
	990	1,381	-391
	1,215	1,093	122
	312	263	49
	194	330	-136
	1,963	2,049	-86
	9,601	11,695	-2,094
	343	338	5
	13,893	16,799	-2,906
	1,103	1,031	72
	66	63	3
	254	199	55
	3,441	2,568	873
	3,366	2,646	720
	1,389	1,313	76
	812	822	-10
	451	446	5
	122	94	28
	77	75	2
	2,748	2,362	386
	194	184	10
	1,886	1,185	701
	2,979	2,608	371
	418	394	24
	270	257	13
	1,518	625	893
	224	225	-1
	404	394	10
	2,132	2,777	-645
	364	332	32
	1,070	926	144
	7,380	10,906	-3,526
	1,510	1,458	52
	313	424	-111
	475	506	-31
	8,921	9,538	-617
	11,021	13,736	-2,715
	514	472	42
	2,545	1,624	921
	1,966	1,884	82
	992	644	348
	8,336	7,021	1,315
	87	108	-21
	1,409	1,400	9
	102	78	24
	1,178	1,152	26
	570	633	-63
	1,015	807	208
	83,362	90,056	-6,694
	9,234	6,884	2,350
	108	64	44
	335	313	22
	3,187	1,283	1,904
	226	262	-36
	4,069	2,919	1,150
	170	173	-3
	4,434	4,230	204
	2,191	1,894	297
	155	236	-81
	8,406	7,283	1,123
	445	373	72
	3,661	3,154	507
	12,371	13,381	-1,010
	212	209	3
	7,226	3,920	3,306
	611	624	-13
	4,166	3,082	1,084
	331	264	67
	2,214	2,503	-289
	1,224	1,464	-240
	56	42	14
	2,967	1,902	1,065
	384	376	8
	1,977	1,159	818
	1,122	1,043	79
	32,724	34,898	-2,174
	8,645	8,632	13
	2,595	1,360	1,235
	620	619	1
	4,495	1,858	2,637
	14	16	-2
	186	136	50
	1,784	1,925	-141
	3,627	2,602	1,025
	1,613	1,606	7
	230	225	5
	146	150	-4
	371	347	24
	451	466	-15
	973	1,049	-76
	1,976	1,823	153
	382	376	6
	1,050	1,004	46
	1,480	787	693
	12,806	13,627	-821
	3,047	2,244	803
	8,042	6,468	1,574
	385	375	10
	2,335	1,496	839
	231	221	10
	83	51	32
	5,647	5,440	207
	81,096	79,884	1,212
	1,146	1,027	119
	215	186	29
	377	346	31
	1,680	770	910
	142	95	47
	1,252	1,458	-206
	3,423	3,726	-303
	2,386	997	1,389
	4,370	3,700	670
	1,209	1,087	122
	2,162	2,234	-72
	75	70	5
	1,330	1,104	226
	432	530	-98
	212	212
	1,147	1,051	96
	936	789	147
	70	37	33
	388	382	6
	287	336	-49
	1,136	1,018	118
	1,584	1,053	531
	248	269	-21
	128	125	3
	1,039	648	391
	1,144	975	169
	1,713	1,646	67
	327	309	18
	634	581	53
	3,693	3,067	626
	616	486	130
	980	667	313
	939	1,141	-202
	594	577	17
	265	154	111
	1,093	1,046	47
	131	155	-24
	67	69	-2
	445	421	24
	275	295	-20
	179	194	-15
	3,599	3,670	-71
	4,947	5,409	-462
	511	459	52
	1,494	781	713
	955	941	14
	1,277	1,545	-268
	1,319	1,484	-165
	1,346	921	425
	2,019	1,557	462
	1,588	1,527	61
	1,682	1,056	626
	287	271	16
	270	280	-10
	553	440	113
	144	137	7
	363	425	-62
	440	387	53
	1,779	1,220	559
	156	176	-20
	515	501	14
	88	37	51
	884	880	4
	9,276	6,226	3,050
	118	115	3
	5,196	3,261	1,935
	251	270	-19
	1,224	1,025	199
	1,477	1,505	-28
	314	312	2
	188	143	45
	2,352	855	1,497
	651	642	9
	2,684	2,657	27
	188	237	-49
	10,964	6,395	4,569
	8,846	7,690	1,156
	487	466	21
	1,224	767	457
	788	614	174
	3,683	1,191	2,492
	829	659	170
	598	551	47
	585	326	259
	1,107	903	204
	154	105	49
	1,565	1,849	-284
	5,865	5,465	400
	4,953	5,020	-67
	3,162	1,826	1,336
	700	680	20
	179	188	-9
	25	27	-2
	468	433	35
	180	151	29
	1,746	1,792	-46
	217	216	1
	1,075	820	255
	1,934	706	1,228
	695	684	11
	1,355	2,176	-821
	6,593	6,560	33
	32,573	33,681	-1,108

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			311
b			50
c			153
d			17
e			-25
			7,198
			117
			7
			385
			-432
			205
			-163
			-31
			385
			16
			-82
			-60
			-13
			43
			633
			-11

			111
			46
			14
			-2,967
			-265
			38
			369
			501
			-50

			-1,946
			2
			71
			1,752
			213
			59
			-676
			34
			765
			4
			521
			1,892
			-147
			7
			104
			-4
			-131
			467

			13
			156
			4
			234
			252
			848
			50
			-3
			-2,446
			72
			819
			97
			-469
			3
			-160

			59
			59
			70
			39
			7
			903
			310
			-10
			-10
			471
			466
			7
			179
			7
			20
			5
			2,511

			-492
			264
			326
			49
			86
			-633
			1,172
			-1,189
			-1,115
			119
			698
			839
			-12
			-43
			179
			219
			178
			-1
			41
			269
			107
			-40
			6
			1,430
			346
			-5
			196
			399
			62
			1,623
			60
			-62
			148
			42
			-1,692
			-79
			-7
			66
			164
			7
			-1
			146
			110
			76
			1,580
			772
			2
			55
			150
			2,900
			555
			1
			-58
			120
			-132
			-41
			2
			33
			-27
			-28
			1,973
			-822
			-5
			11
			43
			305
			351
			-88
			164
			80
			41
			144
			-303
			923
			28
			166
			-176
			32
			2
			-40
			80
			154
			11
			48
			487
			437
			41
			1
			-351
			-148
			407
			197
			-269
			160
			-2,515
			2,939
			268
			9
			250
			-52
			659
			-22
			73
			-984
			46
			1
			9
			156
			-231

			1,002
			2,479
			2,429
			-6
			81
			-391
			122
			49
			-136
			-86
			-2,094
			5
			-2,906
			72
			3
			55
			873
			720
			76
			-10
			5
			28
			2
			386
			10
			701
			371
			24
			13
			893
			-1
			10
			-645
			32
			144
			-3,526
			52
			-111
			-31
			-617
			-2,715
			42
			921
			82
			348
			1,315
			-21
			9
			24
			26
			-63
			208
			-6,694
			2,350
			44
			22
			1,904
			-36
			1,150
			-3
			204
			297
			-81
			1,123
			72
			507
			-1,010
			3
			3,306
			-13
			1,084
			67
			-289
			-240
			14
			1,065
			8
			818
			79
			-2,174
			13
			1,235
			1
			2,637
			-2
			50
			-141
			1,025
			7
			5
			-4
			24
			-15
			-76
			153
			6
			46
			693
			-821
			803
			1,574
			10
			839
			10
			32
			207
			1,212
			119
			29
			31
			910
			47
			-206
			-303
			1,389
			670
			122
			-72
			5
			226
			-98

			96
			147
			33
			6
			-49
			118
			531
			-21
			3
			391
			169
			67
			18
			53
			626
			130
			313
			-202
			17
			111
			47
			-24
			-2
			24
			-20
			-15
			-71
			-462
			52
			713
			14
			-268
			-165
			425
			462
			61
			626
			16
			-10
			113
			7
			-62
			53
			559
			-20
			14
			51
			4
			3,050
			3
			1,935
			-19
			199
			-28
			2
			45
			1,497
			9
			27
			-49
			4,569
			1,156
			21
			457
			174
			2,492
			170
			47
			259
			204
			49
			-284
			400
			-67
			1,336
			20
			-9
			-2
			35
			29
			-46
			1
			255
			1,228
			11
			-821
			33
			-1,108

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	78,907
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	-16,662

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	117,046	1,996,600	0.058623
2013	115,758	1,933,560	0.059868
2012	79,962	1,830,336	0.043687
2011	96,195	1,959,488	0.049092
2010	83,661	1,855,476	0.045089

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

20.256359

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

0.051272

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

1,895,969

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

97,210

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

1,009

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

98,219

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

110,250

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

Form 990-PF (2015)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,009
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,009
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,009
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,342
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	2,342
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,333
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax1,333	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

WILLIAM KNIGHT - EXECUTIVE DIRECTOR Telephone no. bullet

(919) 749-5254

Located at bullet

PO BOX 10788RALEIGHNC ZIP+4 bullet

27605

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
HOYT Q BAILEY	CEO 2.00	0	0	0
PO BOX 208 SHELBY,NC28151	CEO 2.00	0	0	0
HOYT G TESSENER	PRESIDENT 2.00	0	0	0
2105 PRESCOTT PLACE RALEIGH,NC27615	PRESIDENT 2.00	0	0	0
MELANIE KNIGHT	VP 1.00	0	0	0
4017 LAKE POINT CIRCLE RALEIGH,NC27606	VP 1.00	0	0	0
CYNTHIA BUCKINGHAM	VP 1.00	0	0	0
7540 DRAYTON COURT RALEIGH,NC27615	VP 1.00	0	0	0

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


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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

1,788,019

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

134,372

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

2,451

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

1,924,842

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

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

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

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

1,924,842

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

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

28,873

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

1,895,969

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

94,798

Part XI

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

and do not complete this part.)

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

94,798

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

1,009

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

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

1,009

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

93,789

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

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

93,789

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

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

93,789

Part XII

Qualifying Distributions (see instructions)

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

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

110,250

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

110,250

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

1,009

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

109,241

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7		93,789
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......	48,418
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $ 110,250
a Applied to 2014, but not more than line 2a	48,418
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....		61,832
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........		31,957
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 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 section4942(j)(3) or4942(j)(5)

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

WILLIAM KNIGHT
PO BOX 10788
RALEIGH,NC27605
(919) 749-5254

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT RECIPIENT IS AN EXEMPT CHARITABLE ORGANIZATION, AND MUST INCLUDE FACTS TO SUPPORT NEED.

cAny submission deadlines:

N/A

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

N/A

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOYS & GIRLS CLUB OF CLEVELAND COUN PO BOX 2001 SHELBY,NC28151	N/A	501(C)3	ONGOING OPERATIONS	6,000
BROTHERS IN CHRIST OUTREACH MINISTR PO BOX 1264 SHELBY,NC28151	N/A	501(C)3	YOUTH DEVELOPMENT	2,000
CLEVELAND COUNTY HUMANE SOCIETY 1609 E MARION STREET SHELBY,NC28150	N/A	501(C)3	ANIMAL CARE	2,500
CLEVELAND COUNTY RESCUE MISSION PO BOX 1272 SHELBY,NC28151	N/A	501(C)3	HOUSING	2,000
CLEVELAND RUTHERFORD KIDNEY ASSOC 1017 N WASHINGTON STREET SHELBY,NC28150		501(C)3	DISEASE RESEARCH	3,000
COMMUNITIES IN SCHOOLS 215 S WASHINGTON ST 104 SHELBY,NC28150	N/A	501(C)3	EDUCATION	250
CROSSROADS RESCUE MISSION PO BOX 2090 SHELBY,NC28151	N/A	501(C)3	HUMAN SERVICES	2,000
FIRST BAPTIST CHURCH 120 N LAFAYETTE STREET SHELBY,NC28150	N/A	501(C)3	ONGOING OPERATIONS	26,500
GREATER CLEVELAND COUNTY BAPTIST AS 1175 WYKE ROAD SHELBY,NC28150	N/A	501(C)3	HUMAN SERVICES	10,000
GWU SCHOOL OF DIVINITY PO BOX 997 BOILING SPRINGS,NC28017	N/A	501(C)3	SCHOLARSHIP	10,000
GWU WOMEN'S ATHLETIC PROGRAM PO BOX 997 BOILING SPRINGS,NC28017	N/A	501(C)3	STUDENT ACTIVITIES	2,500
HOSPICE OF CLEVELAND COUNTY 951 WENDOVER HEIGHTS DRIV SHELBY,NC28150	N/A	501(C)3	HEALTH CARE	2,000
MASTERS HOUSE 727 POLKVILLE ROAD SHELBY,NC28150	N/A	501(C)3	SUBSTANCE ABUSE	2,000
MENTAL HEALTH ASSOCIATION PO BOX 623 SHELBY,NC28151		501(C)3	MENTAL HEALTH SERVICES	1,000
NAACP 108 W WARREN STREET SHELBY,NC28150	N/A	501(C)3	GENERAL SERVICES	2,000
NEWSPAPERS IN EDUCATION PO BOX 48 SHELBY,NC28151	N/A	501(C)3	STUDENTS	1,000
NOAH'S ARK WILDLIFE CENTER PO BOX 136 SANDY RIDGE,NC27046	N/A	501(C)3	ANIMAL WELFARE	1,600
SALVATION ARMY PO BOX 1764 SHELBY,NC28151	N/A	501(C)3	PUBLIC SERVICE	2,000
STEP UP MINISTRY 1701 OBERLIN ROAD RALEIGH,NC27608	N/A	501(C)3	YOUTH DEVELOPMENT	2,000
WILDLIFE WELFARE INC PO BOX 19432 RALEIGH,NC27619		501(C)3	ANIMAL WELFARE	2,000
SHELBY HIGH SCHOOL 130 E DIXON BLVD SHELBY,NC28150	N/A	501(C)3	EDUCATION	2,500
CREST CHORUS SING-OUT ASSN 510 BIG OAK ROAD SHELBY,NC28150	N/A	501(C)3	EDUCATION	2,000
AMERICAN HEART ASSOCIATION 128 S TRYON STREET CHARLOTTE,NC28202	N/A	501(C)3	HEALTH & RESEARCH	2,400
COMMUNITY MATH ACADEMY 2712 SHOAL CREEK CH RD SHELBY,NC28152	N/A	501(C)3	EDUCATION	500
FRIENDS OF THE PARK PO BOX 2753 SHELBY,NC28151	N/A	501(C)3	ARTS & CULTURE	500
BOY SCOUTS OF AMERICA PIEDMONT PO BOX 1059 GASTONIA,NC28053	N/A	501(C)3	HUMAN SERVICES	2,000
CREST HIGH SCHOOL CHORUS 2212 GAFFNEY ROAD SHELBY,NC28152	N/A	501(C)3	EDUCATION	5,000
CLEVELAND PINES 1404 N LAFAYETTE STREET SHELBY,NC28150	N/A	501(C)3	HUMAN SERVICES	5,000
CHILDREN'S HOME OF CLEVELAND COUNTY PO BOX 2053 SHELBY,NC28151	N/A	501(C)3	HUMAN SERVICES	1,000
GRAHAM ELEMENTARY SCHOOL 1100 BLANTON STREET SHELBY,NC28150	N/A	501(C)3	EDUCATION	7,000
Total ................................. 3a				110,250

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	2,457
4 Dividends and interest from securities....			14	40,088
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 ............			25	77,426	7,661
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aNONDIVIDEND DISTRIBUTIONS			14	1,815
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				121,786	7,661

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

13129,447

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
HERCULES TECHNOLOGY GROWTH	2011-09	PURCHASE	2015-01	647	429	218
HOSPITALITY PPTYS	2013-05	PURCHASE	2015-01	320	304	16
TIMBER ROYALTIES	2015-12	PURCHASE	2015-12	5,946		5,946

Description	Beginning of Year - Book Value	End of Year - Book Value
DEPOSIT ON LAND	2,451	2,451
ESTIMATED TAXES	2,342	1,333
ROUNDING	3	4

Description	Revenue and Expenses per Books	Net Investment Income
EXPENSES
MANAGEMENT FEES	19,049	19,049
OUTSIDE CONTRACT SERVICES	3,750
BANK CHARGES	80

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID ON INVESTMENT	253	253
EXCISE TAX	1,009	1,009