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 07-01-2015 , and ending 06-30-2016
Name of foundation
A R BURNETTE SCHOLARSHIP FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

56-6593070
B Telephone number (see instructions)

(252) 246-4935
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$688,327J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 18,146 18,146  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 40,720
b Gross sales price for all assets on line 6a 437,561
7 Capital gain net income (from Part IV, line 2)... 40,720
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 58,866 58,866  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,673 10,673    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 624 545   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 123 123    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,420 11,341 0 0
25 Contributions, gifts, grants paid....... 40,000 40,000
26 Total expenses and disbursements. Add lines 24 and 25 51,420 11,341 0 40,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,446
b Net investment income (if negative, enter -0-) 47,525
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 81 43 43
2 Savings and temporary cash investments......... 45,535 37,098 37,098
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 335,560 315,751 385,107
c Investments—corporate bonds (attach schedule)....... 195,912 264,516 266,079
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 31,191   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 608,279 617,408 688,327
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 608,279 617,408
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)..... 608,279 617,408
31 Total liabilities and net assets/fund balances (see instructions). 608,279 617,408
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
608,279
2
Enter amount from Part I, line 27a .....................
2
7,446
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,683
4
Add lines 1, 2, and 3 ..........................
4
617,408
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
617,408
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 .3 ITA UNIBANCO HOLDINGS SPON ADR PFD   2011-12-23 2015-08-13
b 12. CALIFORNIA RESOURCES CORP COMMON     2015-09-11
c 14. LINCOLN ELECTRIC HOLDINGS COMMON   2014-03-07 2015-09-11
d 25. COMMVAULT SYSTEMS, INC COMMON   2014-06-09 2015-09-14
e 10. ENN ENERGY HOLDINGS -UNSP ADR   2014-03-07 2015-09-14
60. XINYI GLASS HOLDINGS LTD   2013-05-29 2015-09-14
50. COCHLEAR LIMITED UNSPONS ADR   2011-09-13 2015-09-15
20. GREENHILL & CO INC COMMON   2013-02-25 2015-09-15
40. SUPERIOR ENERGY SVCS INC   2013-12-04 2015-09-15
40. WEC ENERGY GROUP INC   2011-09-13 2015-09-15
37. AT&T INC   2009-08-14 2015-09-17
69. ABBVIE INC     2015-09-17
25. AGILENT TECHNOLOGIES   2013-02-25 2015-09-17
94. COMMON   2011-09-13 2015-09-17
12. ALBEMARLE CORP COMMON   2015-01-13 2015-09-17
58. ALLIANZ COMMON   2011-09-13 2015-09-17
36. ALTRIA GROUP INC   2011-12-23 2015-09-17
21. AMERISOURCEBERGEN CORP. COMMON   2011-09-13 2015-09-17
5. ANTHEM INC COMMON   2013-05-29 2015-09-17
26. ARM HOLDINGS PLC -SPONS ADR   2009-08-14 2015-09-17
40. ASTRAZENECA PLC SPONS ADR   2011-09-13 2015-09-17
30. ATWOOD OCEANICS INC   2011-12-23 2015-09-17
10. BANCFIRST CORP   2011-09-13 2015-09-17
55. BAXALTA INC   2011-12-23 2015-09-17
55. BAXTER INTERNATIONAL INCORPORATED   2011-12-23 2015-09-17
40. BENCHMARK ELECTRONICS COMMON   2011-09-13 2015-09-17
25. BRISTOL MYERS SQUIBB COMPANY   2011-09-13 2015-09-17
70. CALGON CAROBN CORP COMMON   2011-12-23 2015-09-17
18. CANADIAN NATL RY CO   2011-12-23 2015-09-17
5. CARE CAPITAL PROPERTIES INC COMMON   2013-12-04 2015-09-17
15. CASEY'S GENERAL STORES, INC. COMMON   2011-09-13 2015-09-17
15. CHART INDUSTRIES INC COMMON   2011-09-13 2015-09-17
26. CHEVRON TEXACO CORP COMMON   2009-08-14 2015-09-17
29. CINTAS CORP   2011-09-13 2015-09-17
40. CIVEO CORP COMMON   2011-07-19 2015-09-17
503.874 COHEN & STEERS REALTY SHARES INSTITUTION     2015-09-17
45. CONOCOPHILLIPS COM     2015-09-17
10. COOPER COS INC NEW   2013-05-29 2015-09-17
768.992 CREDIT SUISSE COMMODITY RETURN STRATEGY INSTITUTIONAL SHS FD 2     2015-09-17
19. CROWN HOLDINGS INC   2010-06-24 2015-09-17
18. DBS GROUP HOLDINGS LTD SPONS ADR   2011-12-23 2015-09-17
30. DASSAULT SYSTEMS   2011-09-13 2015-09-17
10. DIAGEO PLC SPONSORED ADR   2011-09-13 2015-09-17
16. DOMINION RESOURCES INC/VA COMMON   2011-09-13 2015-09-17
1500.657 DOUBLELINE TOTAL RETURN BOND FUND   2011-12-23 2015-09-17
8. DUKE ENERGY CORP   2011-12-23 2015-09-17
20. ENERSYS COMMON   2013-12-04 2015-09-17
25. FANUC CORP ADR   2011-03-22 2015-09-17
20. FORWARD AIR CORP   2011-12-23 2015-09-17
57. FRESENIUS MED CARE   2011-09-13 2015-09-17
3. HALYARD HEALTH INC   2011-09-13 2015-09-17
140. HARMONIC INC COM   2014-06-09 2015-09-17
8. HEALTH CARE REIT INC   2011-09-13 2015-09-17
430. HECLA MINING     2015-09-17
76. HONG KONG EXCHANGES & CLEARING LIMITED   2014-06-09 2015-09-17
12. HUMANA, INC.   2013-06-28 2015-09-17
20. IPG PHOTONICS CORP COMMON     2015-09-17
113. ICICI BANK LTD ADR   2011-06-10 2015-09-17
60. INTEL CORPORATION   2009-08-14 2015-09-17
182. ITA UNIBANCO HOLDINGS SPON ADR PFD     2015-09-17
74. JGC CORPORATION   2014-03-07 2015-09-17
18. JOY GLOBAL INC COMMON   2011-09-13 2015-09-17
12. KEYSIGHT TECHNOLOGIES INC COMMON   2013-02-25 2015-09-17
7. KIMBERLY CLARK CORPORATION   2011-09-13 2015-09-17
36. SA ADR   2011-09-13 2015-09-17
20. LAKELAND FINANCIAL CORP   2011-09-13 2015-09-17
24. LINDSAY MFG CO COMMON     2015-09-17
11. M & T BK CORP   2011-09-13 2015-09-17
20. MVC CAPITAL   2011-09-13 2015-09-17
30. STEVEN MADDEN LTD COMMON   2014-03-07 2015-09-17
75. MATTEL INC   2014-03-07 2015-09-17
13. MEDNAX INC COMMON   2010-02-22 2015-09-17
19. MERCK & CO INC   2012-03-02 2015-09-17
22. MICROSOFT CORPORATION   2009-08-14 2015-09-17
10. MOHAWK IND INC COMMON   2014-03-07 2015-09-17
10. NATIONAL GRID PLC   2011-09-13 2015-09-17
20. NAVIGATORS GROUP INC COMMON   2013-05-29 2015-09-17
60. NAVIENT CORP COMMON   2013-02-25 2015-09-17
27. NESTLE SA ADR   2011-09-13 2015-09-17
30. NETAPP INC   2013-06-28 2015-09-17
34. NOVARTIS AG   2011-09-13 2015-09-17
9. OMNICOM GROUP INCORPORATED   2011-09-13 2015-09-17
25. OUTERWALL INC COMMON   2011-12-23 2015-09-17
80. OWENS ILLINOIS INC COM NEW     2015-09-17
26. PPL CORPORATION   2011-12-23 2015-09-17
24. PRA GROUP INC COMMON   2013-05-29 2015-09-17
54. PEARSON PLC SPONSORED ADR   2011-12-23 2015-09-17
29. PEPSICO INCORPORATED     2015-09-17
66. PFIZER INCORPORATED     2015-09-17
25. PHILIP MORRIS INTERNATIONAL     2015-09-17
8. PIONEER NAT RES CO COMMON   2011-09-13 2015-09-17
50. PRESTIGE BRANDS HOLDINGS INC COMMON   2013-02-25 2015-09-17
43. REYNOLDS AMERICAN INC.   2011-12-23 2015-09-17
45. ROCHE HLDG LTD SPONS ADR   2011-09-13 2015-09-17
30. ROGERS COMMUNICATIONS INC   2013-12-04 2015-09-17
26. ROSS STORES INC COM   2011-09-13 2015-09-17
11. ROYAL DUTCH SHELL PLC SPONS ADR B   2011-12-23 2015-09-17
20. SAP AKTIENGESELLSCHAFT   2011-09-13 2015-09-17
23. SCHLUMBERGER LTD   2009-08-14 2015-09-17
77. SCHNEIDER ELECTRIC SA UNSPON ADR   2011-09-13 2015-09-17
10. SCHNITZER STEEL INDS INC CL A   2011-09-13 2015-09-17
50. SEMTECH CORP   2011-12-23 2015-09-17
13. SEMPRA ENERGY   2011-09-13 2015-09-17
61. SONOVA HOLDING AG   2011-09-13 2015-09-17
22. SOUTHERN COMPANY   2012-03-02 2015-09-17
25. SUN HYDRAULICS CORPORATION COMMON   2013-12-04 2015-09-17
110. SWATCH GROUP AG   2011-09-13 2015-09-17
20. SYNAPTICS INC   2011-12-23 2015-09-17
48. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR   2014-06-09 2015-09-17
9. TALEN ENERGY CORP     2015-09-17
30. TARGET CORP COM   2011-03-22 2015-09-17
12. TELEFLEX INC COMMON   2013-12-04 2015-09-17
17. TIME WARNER CABLE INC   2013-02-25 2015-09-17
30. TOLL BROTHERS INC   2014-06-09 2015-09-17
40. TORO COMPANY COMMON   2011-12-23 2015-09-17
50. TOTAL S A SPONSORED     2015-09-17
14. TOWERS WATSON & COMPANY COMMON   2013-05-29 2015-09-17
50. THE TRAVELERS COMPANIES INC.   2009-08-14 2015-09-17
267. UNICHARM CORP   2011-09-13 2015-09-17
30. UNITED NATURAL FOODS INC.   2011-12-23 2015-09-17
50. VCA ANTECH INC COMMON   2013-02-25 2015-09-17
25. VERINT SYSTEMS INC COMMON   2014-03-07 2015-09-17
14. WPP PLC ADR   2011-09-13 2015-09-17
30. WILLIAMS COS INC   2013-12-04 2015-09-17
14. ZIMMER HOLDINGS INC   2013-02-25 2015-09-17
28. ARCH CAPITAL GROUP LTD   2011-09-13 2015-09-17
10. BUNGE LIMITED COMMON   2013-02-25 2015-09-17
65. ENSCO PLC ADR CLASS A   2012-11-09 2015-09-17
25. NOBLE CORP PLC   2013-05-29 2015-09-17
12. PARTNERRE HOLDINGS LTD   2011-09-13 2015-09-17
7. SIGNET JEWELERS LTD   2011-09-13 2015-09-17
10. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A   2013-12-04 2015-12-21
5. ICICI BANK LTD ADR   2011-06-10 2015-12-21
15. IMPERIAL OIL LTD COMMON   2011-09-13 2015-12-21
5. METLIFE COMMON   2014-03-07 2015-12-21
15. MTN GROUP LTD ADR   2014-06-09 2015-12-21
10. OCCIDENTAL PETE CORP   2013-05-29 2015-12-21
96. PEARSON PLC SPONSORED ADR     2015-12-21
60. SLM CORPORATION COMMON   2013-02-25 2015-12-21
5. SHIRE PHARMACEUTICALS GROUP PLC   2015-09-17 2015-12-21
205. TURKIYE GARANTI BANKASI A.S.   2011-09-13 2015-12-21
50. BG GROUP PLC ADR   2011-09-13 2016-03-07
105. BG GROUP PLC ADR   2015-09-17 2016-03-07
.809 CALIFORNIA RESOURCES CORP COMMON     2016-04-13
.937 CALIFORNIA RESOURCES CORP COMMON   2015-09-17 2016-04-26
1.063 CALIFORNIA RESOURCES CORP COMMON   2013-02-25 2016-04-26
257. ICICI BANK LTD ADR     2016-04-26
20. OIL STATES INTERNATIONAL INC COM   2011-07-19 2016-04-26
34. SANDS CHINA LTD   2015-09-17 2016-04-26
20. AIA GROUP LTD   2013-06-28 2016-06-09
30. COMMON   2011-09-13 2016-06-09
30. ALLIANZ COMMON   2011-09-13 2016-06-09
10. ATLAS COPCO AB SP ADR   2010-06-24 2016-06-09
5. AUTODESK, INC. COMMON   2013-12-04 2016-06-09
15. BP AMOCO PLC ADS L C   2013-05-29 2016-06-09
10. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A   2013-12-04 2016-06-09
15. CDW CORP OF DELAWARE COMMON   2015-09-17 2016-06-09
25. CSL LTD -SPONSORED ADR   2011-12-23 2016-06-09
5. CANADIAN NATL RY CO   2011-12-23 2016-06-09
4. CHARTER COMMUNICATIONS INC-A COMMON   2013-02-25 2016-06-09
11. CINTAS CORP   2011-09-13 2016-06-09
10. COCA COLA COMPANY   2011-09-13 2016-06-09
36.861 COHEN & STEERS REALTY SHARES INSTITUTION   2011-09-13 2016-06-09
46.237 CREDIT SUISSE COMMODITY RETURN STRATEGY INSTITUTIONAL SHS FD 21   2015-12-21 2016-06-09
320.804 CREDIT SUISSE COMMODITY RETURN STRATEGY INSTITUTIONAL SHS FD 2   2013-05-29 2016-06-09
5. CROWN HOLDINGS INC   2010-06-24 2016-06-09
10. DASSAULT SYSTEMS   2011-09-13 2016-06-09
211.232 DODGE & COX INCOME FUND     2016-06-09
3644.161 DODGE & COX INCOME FUND     2016-06-09
5. EVERSOURCE ENERGY COMMON   2015-12-21 2016-06-09
10. FEI COMPANY COMMON   2013-02-25 2016-06-09
2361.894 FEDERATED HIGH YIELD BOND INST CL FUND #     2016-06-09
513.614 FEDERATED HIGH YIELD BOND INST CL FUND #   2014-03-07 2016-06-09
6523.111 FEDERATED SHORT-TERM INCOME FD Y-638   2014-09-03 2016-06-09
1117.974 FEDERATED SHORT-TERM INCOME FD Y-638     2016-06-09
5. FOOT LOCKER INC. COMMON   2014-06-09 2016-06-09
24.921 FORWARD SALIENT INTERNTL SMALL CAP INST   2011-09-13 2016-06-09
109. GENERAL ELECTRIC COMPANY   2015-09-17 2016-06-09
8. GENERAL MILLS, INCORPORATED   2012-03-02 2016-06-09
21. GOODYEAR TIRE & RUBBER COMPANY   2015-09-17 2016-06-09
9. GOODYEAR TIRE & RUBBER COMPANY   2014-03-07 2016-06-09
30. HCP INC   2011-12-23 2016-06-09
20. HANESBRANDS INC   2013-12-04 2016-06-09
34. HONG KONG EXCHANGES & CLEARING LIMITED   2014-06-09 2016-06-09
5. IPG PHOTONICS CORP COMMON   2014-06-09 2016-06-09
35. IMPERIAL OIL LTD COMMON   2011-09-13 2016-06-09
16. INTERNATIONAL BUSINESS MACHINES CORP   2015-09-17 2016-06-09
55. CEF ISHARES TR S&P   2015-09-17 2016-06-09
40. ITA UNIBANCO HOLDINGS SPON ADR PFD   2014-03-07 2016-06-09
115. KINDER MORGAN INC     2016-06-09
13. KINDER MORGAN INC   2015-12-21 2016-06-09
20. KONE OYJ -B-UNSPONSORED ADR   2015-09-17 2016-06-09
25. KRAFT HEINZ CO   2015-09-17 2016-06-09
10. SA ADR   2011-09-13 2016-06-09
15. UNSPON ADR   2011-09-13 2016-06-09
9. M & T BK CORP   2011-09-13 2016-06-09
15. MAXIM INTEGRATED PRODUCTS INC COMON   2014-06-09 2016-06-09
5. MCDONALDS CORPORATION   2011-12-23 2016-06-09
5. MEDNAX INC COMMON   2010-02-22 2016-06-09
5. NESTLE SA ADR   2011-09-13 2016-06-09
24. NOVO-NORDISK A S ADR   2015-09-17 2016-06-09
30. NOVO-NORDISK A S ADR   2014-06-09 2016-06-09
20. OCCIDENTAL PETE CORP     2016-06-09
10. OCCIDENTAL PETE CORP   2015-09-17 2016-06-09
8. RALPH LAUREN CORP COMMON   2015-09-17 2016-06-09
30. REYNOLDS AMERICAN INC.     2016-06-09
5. ROCKWELL COLLINS INC.   2014-06-09 2016-06-09
10. ROSS STORES INC COM   2011-09-13 2016-06-09
5. SAP AKTIENGESELLSCHAFT   2011-09-13 2016-06-09
163. SCHNEIDER ELECTRIC SA UNSPON ADR   2011-09-13 2016-06-09
5. SIGNATURE BANK COMMON   2011-09-13 2016-06-09
10. SINCLAIR BROADCAST GROUP A   2014-03-07 2016-06-09
134. SVENSKA HANDELSB-A   2015-09-17 2016-06-09
25. SYMRISE AG ADR   2014-06-09 2016-06-09
40. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR     2016-06-09
10. TRACTOR SUPPLY COMPANY COMMON   2011-09-13 2016-06-09
633. UNICHARM CORP   2011-09-13 2016-06-09
5. WPP PLC ADR   2011-09-13 2016-06-09
5. WESTERN DIGITAL CORP COM   2015-12-21 2016-06-09
8. WYNN RESORTS LTD COMMON   2013-05-29 2016-06-09
23. ALKERMES PLC   2015-09-17 2016-06-09
15. AMDOCS LTD ORD   2011-09-13 2016-06-09
5. ARCH CAPITAL GROUP LTD   2011-09-13 2016-06-09
5. AXIS CAPITAL HOLDINGS LTD   2013-05-29 2016-06-09
1. SEAGATE TECHNOLOGY PLC COMMON   2015-09-17 2016-06-09
40. SEAGATE TECHNOLOGY PLC COMMON   2011-12-23 2016-06-09
5. CHECKPOINT SOFTWARE TECHNOLOGY COMMON   2011-02-10 2016-06-09
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2   4 -2
b 36   91 -55
c 814   1,053 -239
d 896   1,222 -326
e 1,338   1,661 -323
593   1,053 -460
1,441   1,564 -123
655   1,203 -548
556   1,022 -466
1,914   1,234 680
1,208   934 274
4,122   1,836 2,286
915   759 156
2,239   1,817 422
544   714 -170
927   474 453
1,974   1,075 899
2,246   803 1,443
752   391 361
1,163   160 1,003
1,339   876 463
534   1,203 -669
634   346 288
2,004   1,262 742
1,999   1,482 517
881   518 363
1,558   737 821
1,133   1,075 58
1,046   692 354
163   143 20
1,690   700 990
334   721 -387
2,077   1,765 312
2,529   892 1,637
76   725 -649
22,700   21,005 1,695
2,272   2,457 -185
1,500   1,110 390
3,922   6,355 -2,433
936   474 462
903   645 258
2,161   1,075 1,086
1,102   758 344
1,104   760 344
16,402   16,657 -255
556   525 31
1,087   1,397 -310
717   630 87
894   656 238
2,316   1,890 426
101   67 34
862   1,079 -217
516   392 124
867   1,523 -656
1,824   1,444 380
2,265   1,017 1,248
1,650   1,389 261
999   1,039 -40
1,793   1,120 673
1,347   2,309 -962
2,134   5,368 -3,234
335   1,412 -1,077
406   278 128
754   450 304
1,224   708 516
848   422 426
1,776   1,646 130
1,357   799 558
179   224 -45
1,254   1,114 140
1,795   2,828 -1,033
1,097   348 749
1,012   718 294
981   521 460
2,077   1,448 629
663   493 170
1,566   1,193 373
763   734 29
2,053   1,510 543
970   1,141 -171
3,315   1,873 1,442
625   349 276
1,562   1,158 404
1,727   2,459 -732
797   717 80
1,337   1,196 141
953   1,024 -71
2,710   1,753 957
2,202   1,297 905
2,055   2,081 -26
1,005   590 415
2,444   1,178 1,266
1,828   897 931
1,501   876 625
1,017   1,319 -302
1,321   498 823
567   836 -269
1,338   987 351
1,752   1,228 524
960   833 127
149   417 -268
850   1,267 -417
1,199   661 538
1,562   941 621
950   975 -25
745   1,031 -286
2,158   2,300 -142
1,501   602 899
992   1,019 -27
117   142 -25
2,357   1,517 840
1,660   1,157 503
3,250   1,479 1,771
1,136   1,119 17
2,891   1,226 1,665
2,374   2,618 -244
1,687   1,099 588
5,125   2,345 2,780
995   836 159
1,550   1,194 356
2,848   1,113 1,735
1,179   1,179  
1,477   673 804
1,372   1,101 271
1,413   1,036 377
1,984   925 1,059
714   732 -18
1,112   3,649 -2,537
328   889 -561
1,661   678 983
977   257 720
346   373 -27
38   46 -8
460   566 -106
232   266 -34
132   327 -195
653   891 -238
1,060   1,646 -586
373   405 -32
977   1,110 -133
503   781 -278
760   984 -224
1,595   1,668 -73
1   1  
2   1 1
2   1 1
1,956   1,885 71
645   946 -301
1,249   1,186 63
475   339 136
636   580 56
474   245 229
261   155 106
289   232 57
492   653 -161
269   373 -104
638   629 9
1,078   411 667
300   192 108
890   712 178
1,046   338 708
456   345 111
1,758   1,397 361
239   207 32
1,659   2,435 -776
269   125 144
777   358 419
2,902   2,858 44
50,071   48,098 1,973
282   250 32
1,072   631 441
22,651   22,644 7
4,926   5,316 -390
55,577   56,034 -457
9,525   9,524 1
275   248 27
447   301 146
3,274   2,790 484
518   306 212
579   660 -81
248   250 -2
1,025   1,234 -209
530   349 181
833   646 187
430   334 96
1,131   1,320 -189
2,447   2,374 73
6,510   6,235 275
353   437 -84
2,047   4,468 -2,421
231   194 37
468   398 70
2,128   1,919 209
377   197 180
493   442 51
1,055   654 401
565   532 33
614   500 114
350   134 216
377   280 97
1,363   1,355 8
1,703   1,295 408
1,498   1,625 -127
749   687 62
748   915 -167
1,520   571 949
448   401 47
531   191 340
403   247 156
2,055   1,764 291
657   260 397
319   279 40
825   1,032 -207
402   346 56
1,041   496 545
936   338 598
2,456   1,983 473
571   240 331
241   296 -55
804   1,118 -314
1,039   1,650 -611
862   411 451
359   165 194
281   216 65
24   48 -24
948   643 305
427   242 185
      1,349
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       -2
b       -55
c       -239
d       -326
e       -323
      -460
      -123
      -548
      -466
      680
      274
      2,286
      156
      422
      -170
      453
      899
      1,443
      361
      1,003
      463
      -669
      288
      742
      517
      363
      821
      58
      354
      20
      990
      -387
      312
      1,637
      -649
      1,695
      -185
      390
      -2,433
      462
      258
      1,086
      344
      344
      -255
      31
      -310
      87
      238
      426
      34
      -217
      124
      -656
      380
      1,248
      261
      -40
      673
      -962
      -3,234
      -1,077
      128
      304
      516
      426
      130
      558
      -45
      140
      -1,033
      749
      294
      460
      629
      170
      373
      29
      543
      -171
      1,442
      276
      404
      -732
      80
      141
      -71
      957
      905
      -26
      415
      1,266
      931
      625
      -302
      823
      -269
      351
      524
      127
      -268
      -417
      538
      621
      -25
      -286
      -142
      899
      -27
      -25
      840
      503
      1,771
      17
      1,665
      -244
      588
      2,780
      159
      356
      1,735
       
      804
      271
      377
      1,059
      -18
      -2,537
      -561
      983
      720
      -27
      -8
      -106
      -34
      -195
      -238
      -586
      -32
      -133
      -278
      -224
      -73
       
      1
      1
      71
      -301
      63
      136
      56
      229
      106
      57
      -161
      -104
      9
      667
      108
      178
      708
      111
      361
      32
      -776
      144
      419
      44
      1,973
      32
      441
      7
      -390
      -457
      1
      27
      146
      484
      212
      -81
      -2
      -209
      181
      187
      96
      -189
      73
      275
      -84
      -2,421
      37
      70
      209
      180
      51
      401
      33
      114
      216
      97
      8
      408
      -127
      62
      -167
      949
      47
      340
      156
      291
      397
      40
      -207
      56
      545
      598
      473
      331
      -55
      -314
      -611
      451
      194
      65
      -24
      305
      185
       
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 40,720
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 40,020 723,514 0.055313
2013 39,692 726,450 0.054638
2012 40,077 695,626 0.057613
2011 40,000 680,989 0.058738
2010 40,075 728,750 0.054991
2
Total of line 1, column (d) .....................
20.281293
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
0.056259
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
660,401
5
Multiply line 4 by line 3......................
5
37,153
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
475
7
Add lines 5 and 6........................
7
37,628
8
Enter qualifying distributions from Part XII, line 4.............
8
40,000
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 1 475
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........................... 3 475
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- ..... 5 475
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 204
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 204
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 271
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING & TRUST COMPANY Telephone no.bullet (252) 246-4935

    Located atbullet223 W NASH STWILSONNC ZIP+4bullet27893
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRANCH BANKING AND TRUST TRUSTEE
    1     		10,673    
    PO BOX 2907
    WILSON,NC27894
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    653,949
    b
    Average of monthly cash balances.......................
    1b
    16,509
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    670,458
    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
    670,458
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    10,057
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    660,401
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    33,020
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    33,020
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    475
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    475
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    32,545
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    32,545
    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
    32,545
    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
    40,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    40,000
    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
    475
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    39,525
    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 32,545
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 3,132
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 40,000
    a Applied to 2014, but not more than line 2a 3,132
    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..... 32,545
    e Remaining amount distributed out of corpus 4,323
    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 4,323
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		4,323
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 4,323
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WILLIAM CREWS
    PO BOX 2907 BBT WEALTH MGMT
    WILSON,NC278942907
    (252) 246-4935
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION
    cAny submission deadlines:
    MARCH 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WORTHY AND DESERVING GRADUATES OF TARBORO HIGH SCHOOL THAT ARE ATTENDING A COLLEGE, JUNIOR COLLEGE OR UNIVERSITY
    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
    UNC GREENSBORO
    PO BOX 26170
    GREENSBORO,NC274026170     		NONE EXEMPT EDUCATIONAL 5,000
    UNC CHARLOTTE
    9201 UNIVERSITY CITY BLVD
    CHARLOTTE,NC282230001     		NONE N/A COLLEGE SCHOLARSHIP 5,000
    UNC CHAPEL HILL
    CB 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE EXEMPT EDUCATIONAL 20,000
    EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE EXEMPT EDUCATIONAL 5,000
    CAMPBELL UNIVERSITY
    143 MAIN ST
    BUIES CREEK,NC27506     		NONE N/A COLLEGE SCHOLARSHIP 5,000
    Total .................................bullet 3a 40,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 18,146  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 40,720  
    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)..   58,866  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1358,866
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 OtherIncreasesSchedule
    Name:
    A R BURNETTE SCHOLARSHIP FUND
    EIN:
    56-6593070
    Description Amount
    DIFF IN MUTUAL FDS REC/REPORTED 1,672
    ADJUSTMENT FOR ROUNDING 11