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
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
NALLEY CHARITABLE TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1929   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EASLEY, SC29641
A Employer identification number

57-0727567
B Telephone number (see instructions)

(864) 859-6321
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,195,783J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
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).............. 121,548
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 62,105 62,105 62,105
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 436,744
b Gross sales price for all assets on line 6a 1,455,293
7 Capital gain net income (from Part IV, line 2)... 444,378
8 Net short-term capital gain......... 18,101
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........ 620,397 506,483 80,206
Operating and Administrative Expenses 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).......        
c Other professional fees (attach schedule).... Click to see attachment 1,327 1,327    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 37,299 1,207    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,224 5,224    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,850 7,758   0
25 Contributions, gifts, grants paid........ 266,600 266,600
26 Total expenses and disbursements. Add lines 24 and 25 310,450 7,758   266,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 309,947
b Net investment income (if negative, enter -0-) 498,725
c Adjusted net income (if negative, enter -0-)... 80,206
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 449,772 421,272 421,272
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,305,242 Click to see attachment2,682,689 2,774,511
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   39,000    
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 2,794,014 3,103,961 3,195,783
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,794,014 3,103,961
30 Total net assets or fund balances (see instructions)...... 2,794,014 3,103,961
31 Total liabilities and net assets/fund balances (see instructions).. 2,794,014 3,103,961
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 2,794,014
2 Enter amount from Part I, line 27a..................... 2 309,947
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,103,961
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,103,961
Form 990-PF (2014)
Form 990-PF (2014)
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 CDK GLOBAL HOLDINGS P 2014-06-24 2014-12-29
b ILLINIOS TOOL WORKS INC. P 2014-06-24 2014-12-29
c UNITED PARCEL SERVICE-B P 2014-06-24 2014-12-29
d WAL-MART STORES, INC P 2014-12-29 2015-04-09
e BECTON DICKINSON & CO P 2014-06-24 2014-12-29
INTERNATIONAL BUSINESS MACHINE P 2014-06-24 2014-12-29
ZB_VANGUARD ST INVEST GRADE P 2014-09-25 2014-12-30
BAXTER INTL INC P 2014-10-07 2015-07-01
CLOROX P 2014-06-24 2014-12-29
ISHARES INC MSCI ALL ETF P 2014-06-24 2014-12-29
WISCONSIN ENERGY CORP P 2014-06-24 2014-12-30
BAXTER INTL INC P 2014-12-29 2015-07-01
EATON VANCE CORP. NON VTG P 2014-06-24 2014-12-29
ISHARES INC MSCI ALL ETF P 2014-10-07 2014-12-29
WISCONSIN ENERY CORP P 2014-10-07 2014-12-30
CHEVRON CORP. P 2014-10-07 2015-08-04
EATON VANCE CORP. NON VTG P 2014-10-07 2014-12-29
LOWES COMPANY INC. P 2014-06-24 2014-12-29
VANGUARD SMALL CAP ETF P 2014-06-24 2014-12-30
CONOCO PHILLIPS P 2014-10-07 2015-08-04
EATON VANCE CORP. NON VTG P 2014-10-07 2014-12-29
NESTLE S A SPONSORED ADR P 2014-06-24 2014-12-29
ZB_VANGUARD BD INDEX FUNDS P 2014-06-24 2014-12-30
CONOCO PHILLIPS P 2014-12-29 2015-08-04
ENBRIDGE INC P 2014-06-24 2014-12-29
NESTLE S A SPONSORED ADR P 2014-10-07 2014-12-29
AFLAC, INC P 2014-06-24 2015-01-28
PHILLIPS 66 P 2014-10-07 2015-08-04
FACTSET REAEARCH SYSTEMS P 2014-06-24 2014-12-29
NEXTERRA ENERGY INC. P 2014-06-24 2014-12-29
AFLAC, INC P 2014-10-07 2015-01-28
PHILLIPS 66 P 2014-12-29 2015-08-04
GS FLT RT NON-CUM PFD P 2014-06-24 2014-12-29
EVERSOURCE ENERGY P 2014-06-24 2014-12-29
AFLAC, INC P 2014-12-29 2015-01-28
FAMILY DOLLAR STORES D 1996-12-31 2014-12-29
GRAINGER W W INC. P 2014-06-24 2014-12-29
NOVARTIS AG SPON ADR P 2014-06-24 2014-12-29
ISHARES MSCI EAFE INDEX P 2014-06-24 2015-02-03
FAMILY DOLLAR STORES D 1996-12-31 2014-12-29
GRAINGER W W INC. P 2014-10-07 2014-12-29
SANOFI ADR P 2014-06-24 2014-12-29
ISHARES MSCI EAFE INDEX P 2014-10-07 2015-02-03
BAXTER INTL INC P 2014-06-24 2015-07-01
HARRIS P 2014-06-24 2014-12-29
SCANA CORP NEW P 2014-06-24 2014-12-29
ISHARES MSCI EAFE INDEX P 2014-12-29 2015-02-03
CHEVRON CORP P 2014-06-14 2015-08-04
HARRIS P 2014-06-24 2014-12-29
SCANA CORP NEW P 2014-10-07 2014-12-29
EVERSOURCE ENERGY (NORTHEAST) P 2014-06-24 2015-04-09
CONOCO PHILLIPS P 2014-06-24 2015-08-04
HARRIS P 2014-10-07 2014-12-29
THE SOUTHERN COMPANY P 2014-06-24 2014-12-29
EVERSOURCE ENERGY (NORTHEAST) P 2014-01-07 2015-04-09
PHILLIPS 66 P 2014-06-24 2015-08-04
ZB_ISHARES IBOXX INVEST GRD P 2014-06-24 2014-12-29
3M COMPANY P 2014-06-24 2014-12-29
WAL-MART STORES, INC P 2014-06-24 2015-04-09
LAND - CLEMSON D 1999-09-09 2015-07-20
(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 3,305   2,444 861
b 675   622 53
c 562   513 49
d 3,067   3,295 -228
e 1,950   1,666 284
16,816   19,189 -2,373
52,858   53,205 -347
3,839   3,839  
22,695   19,699 2,996
25,727   24,938 789
29,571   24,589 4,982
1,595   1,595  
26,965   24,448 2,517
4,520   4,313 207
5,527   4,431 1,096
3,396   4,660 -1,264
4,213   3,610 603
2,803   1,905 898
9,916   9,783 133
2,987   4,462 -1,475
1,053   902 151
23,636   24,970 -1,334
30,813   30,759 54
3,983   5,609 -1,626
27,097   25,025 2,072
4,432   4,289 143
18,145   19,535 -1,390
4,706   4,663 43
30,105   24,611 5,494
1,106   1,008 98
4,683   4,581 102
5,648   5,232 416
23,383   25,100 -1,717
3,384   2,796 588
25,930   27,495 -1,565
67,477   66,173 1,304
19,395   19,453 -58
25,809   24,952 857
22,662   25,231 -2,569
13,984   13,251 733
4,655   4,512 143
21,543   25,105 -3,562
4,721   4,661 60
8,626   8,626  
14,711   15,092 -381
29,438   24,566 4,872
156,994   154,251 2,743
12,733   19,956 -7,223
9,194   9,433 -239
6,014   4,592 1,422
17,933   16,774 1,159
11,451   19,666 -8,215
5,149   4,536 613
1,940   1,685 255
4,981   4,589 392
17,649   19,493 -1,844
3,695   3,687 8
1,669   1,444 225
20,984   19,741 1,243
498,130   57,000 441,130
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       861
b       53
c       49
d       -228
e       284
      -2,373
      -347
       
      2,996
      789
      4,982
       
      2,517
      207
      1,096
      -1,264
      603
      898
      133
      -1,475
      151
      -1,334
      54
      -1,626
      2,072
      143
      -1,390
      43
      5,494
      98
      102
      416
      -1,717
      588
      -1,565
      1,304
      -58
      857
      -2,569
      733
      143
      -3,562
      60
       
      -381
      4,872
      2,743
      -7,223
      -239
      1,422
      1,159
      -8,215
      613
      255
      392
      -1,844
      8
      225
      1,243
      441,130
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 2 444,378
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 18,101
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))
2013 175,550 2,713,145 0.064704
2012 286,426 2,394,241 0.119631
2011 213,930 2,092,986 0.102213
2010 66,285 1,843,079 0.035964
2009 107,482 1,700,520 0.063205
2 Total of line 1, column (d) ...................... 2 0.385717
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 0.077143
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,986,550
5 Multiply line 4 by line 3....................... 5 230,391
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,987
7 Add lines 5 and 6......................... 7 235,378
8 Enter qualifying distributions from Part XII, line 4.............. 8 266,600
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 (2014)
Form 990-PF (2014)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 4,987
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 4,987
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 4,987
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 19,092
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 19,092
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 14,105
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,987 RefundedBullet 11 9,118
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
 
 
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
 
 
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)
    bulletSC
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGEORGE B NALLEY JR Telephone no.bullet (864) 859-6321
    Located atbulletP O BOX 1959EASLEYSC ZIP+4bullet29641
    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 2014, 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  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 2014?.............
    1c
     
     
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 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 2014.)....................
    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 2014?
    4b
     
    No
    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 (2014)
    Form 990-PF (2014)
    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
    GEORGE B NALLEY JR CHAIRMAN
    2.00     		0 0 0
    P O BOX 1929
    EASLEY,SC29641
    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  
    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  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    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  
    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
    2,534,009
    b
    Average of monthly cash balances.......................
    1b
    435,521
    c
    Fair market value of all other assets (see instructions)................
    1c
    62,500
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,032,030
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,032,030
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    45,480
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,986,550
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    149,328
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    149,328
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    4,987
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,987
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    144,341
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    144,341
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    144,341
    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
    266,600
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    266,600
    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
    4,987
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    261,613
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 144,341
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011....... 98,447
    d From 2012....... 170,892
    e From 2013....... 58,982
    fTotal of lines 3a through e......... 328,321
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 266,600
    a Applied to 2013, but not more than line 2a  
    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 2014 distributable amount..... 144,341
    e Remaining amount distributed out of corpus 122,259
    5 Excess distributions carryover applied to 2014.    
    (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 5 450,580
    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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. 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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		450,580
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011.... 98,447
    c Excess from 2012.... 170,892
    d Excess from 2013.... 58,982
    e Excess from 2014.... 122,259
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    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
    WASHINGTON BAPTIST CHURCH
    3500 N HIGHWAY 14
    GREER,SC29651     		    CHARITABLE 150
    AMERICAN LEGION POST 52
    118A LEGION STREET
    EASLEY,SC296421657     		    CHARITABLE 200
    DREAM CENTER OF PICKEN COUNTY
    111 HILLCREST DRIVE
    EASLEY,SC29640     		    CHARITABLE 10,000
    DREAM CENTER OF PICKEN COUNTY
    111 HILLCREST DRIVE
    EASLEY,SC29640     		    CHARITABLE 40,000
    EASLEY PRESBYTERIAN CHURC
    200 SOUTH 1ST STREET
    EASLEY,SC29641     		    CHARITABLE FAITH OPERATIONS 23,000
    EASLEY PRESBYTERIAN CHURC
    200 SOUTH 1ST STREET
    EASLEY,SC29641     		    CHARITABLE FAITH OPERATIONS 2,000
    PRESBYTERIAN COMMUNITIES OF SC
    2817 ASHLAND ROAD
    COLUMBIA,SC29210     		    CHARITABLE FAITH OPERATIONS 25,000
    JOHN WESLEY UNITED METHODIST CHURCH
    101 E COURT STREET
    GREENVILLE,SC29601     		    CHARITABLE FAITH OPERATIONS 200
    AMERICAN HEART ASSOCIATION
    3535 PELHAM ROAD
    GREENVILLE,SC29615     		    CHARITABLE 5,000
    AMERICAN HEART ASSOCIATION
    3535 PELHAM ROAD
    GREENVILLE,SC29615     		    CHARITABLE 5,000
    NATIONAL ASSOCIATION FOR BLACK VETS
    3410 CHURCH STREET
    LORIS,SC29569     		    OPERATIONS 250
    MARCH OF DIMES FOUNDATION
    37 VILLA ROAD
    SUITE 317 B-123
    GREENVILLE,SC29615     		    CHARITABLE 100
    BLUE RIDGE FEST
    734 WEST MAIN STREET
    PO BOX 277
    PICKENS,SC29671     		    CHARITABLE 5,000
    SOCIETY OF INTERNATIONAL BUSINESS
    225 PEACHTREE STREET
    SUITE 1410
    ATLANTA,GA30303     		    CHARITABLE 500
    PICKENS COUNTY MEALS ON WHEELS
    704 S PENDLETON STREET
    EASLEY,SC29640     		    OPERATIONS 9,000
    ROCKY BOTTOM CENTER FOR THE BLIND
    123 HANCOCK ROAD
    SUNSET,SC29685     		    OPERATIONS 300
    PRESBYTERIAN COMMUNITIES OF SC
    2817 ASHLAND ROAD
    COLUMBIA,SC29210     		    OPERATIONS 50,000
    MCCALL HOSPICE HOUSE
    1836 WEST GEORGIA ROAD
    SIMPSONVILLE,SC29680     		    OPERATIONS 250
    CHILD EVANGELISM FELLOWSHIP
    PO BOX 32296
    CHARLESTON,SC29417     		    CHARITABLE 300
    FIRST PRESBYTERIAN CHURCH
    200 WEST WASHINGTON ST
    GREENVILLE,SC29601     		    CHARITABLE FAITH OPERATIONS 12,500
    NFB OF SOUTH CAROLINA
    119 S KILBOURNE RD
    COLUMBIA,SC29205     		    OPERATIONS 300
    PRESBYTERIAN COLLEGE
    503 SOUTH BROAD STREET
    CLINTON,SC29325     		    SCHOLARSHIPS 20,000
    EASLEY AREA MUSEUM
    201 SOUTH PENDLETON ST
    EASLEY,SC29640     		    CHARITABLE 2,750
    EASLEY HIGHSCHOOL ATH DEPT
    154 GREEN WAVE BLVD
    EASLEY,SC29642     		    CHARITABLE 1,500
    UPSTATE WARRIOR SOLUTION
    PO BOX 27232
    GREENVILLE,SC29617     		    CHARITABLE 5,000
    SAMARITAN HEALTH CLINIC OF PICKENS
    303 DACUSVILLE HIGHWAY
    EASLEY,SC29640     		    CHARITABLE 1,500
    SAGAMA ORPHANS EDUCATION FUND
    400 BELMONT AVENUE
    GREENVILLE,SC29601     		    OPERATIONS 250
    SC SHERIFF'S ASSOCIATION
    112 WESTPARK BLVD
    COLUMBIA,SC29210     		    CHARITABLE 50
    BLUE RIDGE COUNCIL
    1 PARK PLAZA
    GREENVILLE,SC29607     		    CHARITABLE 500
    BLUE RIDGE COUNCIL
    1 PARK PLAZA
    GREENVILLE,SC29607     		    CHARITABLE 500
    UNITED WAY OF PICKENS COUNTY
    201 S 5TH STREET
    PO BOX 96
    EASLEY,SC296410096     		    CHARITABLE 10,000
    CLEMSON UNIVERSITY FOUNDATION
    155 OLD GREENVILLE HWY
    UNIT 105
    CLEMSON,SC29631     		    SCHOLARSHIPS 30,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO641291680     		    OPERATIONS 2,500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO641291680     		    OPERATIONS 3,000
    Total .................................bullet 3a 266,600
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 62,105  
    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 .............     		        436,744
    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)..   62,105 436,744
    13Total. Add line 12, columns (b), (d), and (e)..................
    13498,849
    (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 (2014)
    Form 990-PF (2014)
    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
    Yes
    No
    organizations?
    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 namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    NALLEY CHARITABLE TRUST
     
    Employer identification number

    57-0727567
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    NALLEY CHARITABLE TRUST
          		Employer identification number

    57-0727567
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    GEORGE B NALLEY JR  
    PO BOX 1929
     
    EASLEY, SC29641

    		$121,548


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    NALLEY CHARITABLE TRUST
          		Employer identification number

    57-0727567
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 2100 SHS PNY $ 121,548 2015-10-27
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    NALLEY CHARITABLE TRUST
          		Employer identification number

    57-0727567
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


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    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CHEVRON CORP. 2014-12 PURCHASE 2015-08   22,665 30,299     -7,634  

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Name of Stock End of Year Book Value End of Year Fair Market Value
    155 SHS 3M CO. 22,191 24,270
    390 SHS AFLAC INC    
    174 SHS AIR PRODUCTS & CHEMICALS 23,001 23,819
    48 SHS ALPHABET (GOOGLE INC) CLASS A 27,284 36,617
    548 SHS AMERICAN EXPRESS 51,419 39,259
    462 SHS ANALOG DEVICES INC. 24,413 28,473
    453 SHS APPLE INC. 46,833 53,590
    568 SHS AT&T CORP 20,134 19,125
    305 SHS AUTOMATIC DATA PROCESSING IN 22,124 26,309
    347 SHS BAXALTA INC, 11,411 11,930
    347 SHS BAXTER INTL INC. 14,060 13,065
    186 SHS BECTON DICKINSON & CO 22,475 27,947
    CDK GOBAL HOLDINGS    
    CHEVRON CORP.    
    493 SHS CHUBB CORP. 48,666 64,351
    CLOROX    
    366 SHS COLGATE PALMOLIVE CO. 24,704 24,039
    CONOCO PHILLIPS    
    EATON VANCE CORP NON VTG    
    413 SHS EMERSON ELECTRIC CO 27,234 20,650
    ENBRIDGE INC.    
    1660 SHS EXXON MOBIL CORP 139,042 135,556
    FACTSET RESEARCH SYSTEMS    
    FAMILY DOLLAR STORES    
    184 SHS GENERAL DYNAMICS CORP. 22,226 26,949
    2010 SHS GENERAL ELECTRIC CO. 48,803 60,179
    476 SHS GENERAL MILLS INC. 25,383 27,494
    GRAINGER W W INC.    
    GS FLT RT NON-CUM PFD PERPETUAL    
    HARRIS CORP.    
    268 SHS ILLINIOS TOOL WORKS INC 23,429 25,187
    INTERNATIONAL BUSINESS MACHINE    
    3995 SHS ISHARES CORE MSCI 231,195 223,081
    352 SHS ISHARES CORE S&P MIDCAP 50,467 51,448
    869 SHS IBOXX INVEST GRADE CORP 103,367 100,726
    ISHARES INC MSCI ALL ETF CO WORLD    
    ISHARES MSCI EAFE INDEX    
    511 SHS ISHARES S&P MIDCAP 400 GRWTH 83,048 85,429
    250 SHS JM SMUCKER CO. 26,144 30,298
    491 SHS JOHNSON & JOHNSON 51,729 49,709
    820 SHS JPMORGAN CHASE & CO 49,948 54,678
    385 SHS KELLOGG CO. 25,056 26,476
    379 SHS LOWES COMPANY INC. 17,614 29,031
    272 SHS MCDONALDS CORP. 27,081 31,052
    1721 SHS MICROSOFT CORP. 79,113 93,536
    NESTLE S A SPONSORED ADR    
    235 SHS NEXTERRA ENERGY INC 23,299 23,467
    326 SHS NORDSTROM INC 22,639 18,357
    232 SHS NORFOLK SOUTHERN CORP. 24,334 22,054
    NORTHEAST UTILITES    
    NOVARTIS AG SPON ADR    
    550 SHS PAYCHEX INC. 23,395 29,838
    267 SHS PEPSICO 24,004 26,743
    PHILLIPS 66    
    2100 SHS PIEDMONT NATURAL GAS 121,548 122,115
    169 SHS POLARIS INDS INC 22,520 17,818
    196 SHS PRAXAIR INC 25,595 22,104
    279 SHS PROCTER & GAMBLE CO 22,585 20,880
    SANOFI ADR    
    SCANA CORP NEW    
    637 SHS SYSCO CORP 24,405 26,181
    516 SHS TARGET CORP 33,241 37,410
    507 SHS THE SOUTHERN COMPANY 22,472 22,582
    230 SHS UNITED PARCEL SERVICE-B 23,330 23,692
    221 SHS UNITED TECHNOLOGIES CORP 25,135 21,227
    344 SHS V F CORP 21,988 22,257
    VANGUARD BD INDEX FDS INTERMED 130,106 129,150
    1018 SHS VANGUARD HLTHCRE ETF 126,600 134,183
    1214 SHS VANGUARD INFORMATION ETF 126,810 135,689
    876 SHS VANGUARD SMALL CAP ETF 101,704 101,730
    28584 SHS VNGRD ST INVEST GRADE FUND 306,706 303,561
    408 SHS VERIZON COMMUNICATIONS 20,183 18,544
    388 SHS VISA INC CLASS A 20,496 30,656
    WAL-MART STORES, INC.    
    WISCONSIN ENERGY CORP.    

    TY 2014 InvestmentsLandSchedule2
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - CLEMSON        

    TY 2014 OtherExpensesSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 37 37    
    MANAGEMENT FEES 5,187 5,187    


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 1,327 1,327    


    TY 2014 SubstantialContributorsSch
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Name Address
    GEORGE B NALLEY JR PO BOX 1929
    PO BOX 1929
    EASLEY,SC29641
    ANITA L NALLEY PO BOX 1929
    PO BOX 1929
    EASLEY,SC29641


    TY 2014 TaxesSchedule
    Name:
    NALLEY CHARITABLE TRUST
    EIN: 57-0727567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 1,166 1,166    
    FOREIGN INCOME TAXES 41 41    
    FEDERAL INCOME TAXES PAID 19,092      
    P/Y TAXES PAID IN C/Y 17,000