Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
ROSTAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 970
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VALDESE, NC286900970
A Employer identification number

56-1901626
B Telephone number (see instructions)

(828) 874-7000
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$8,656,756J 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 91 91  
4 Dividends and interest from securities... 199,713 199,713  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 165,681
b Gross sales price for all assets on line 6a 1,285,818
7 Capital gain net income (from Part IV, line 2)... 165,681
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,435 5,435  
12 Total. Add lines 1 through 11........ 370,920 370,920  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,000 4,000   0
c Other professional fees (attach schedule).... Click to see attachment 60,751 60,751   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,664 0   0
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 29 29   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,444 64,780   0
25 Contributions, gifts, grants paid....... 376,900 376,900
26 Total expenses and disbursements. Add lines 24 and 25 447,344 64,780   376,900
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -76,424
b Net investment income (if negative, enter -0-) 306,140
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,028,044 114,600 114,600
3 Accounts receivable bullet-2,413
Less: allowance for doubtful accounts bullet   12,777 -2,413 -2,413
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)....... 5,491,426 Click to see attachment7,343,815 8,404,555
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 140,193 Click to see attachment140,014 140,014
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) 7,672,440 7,596,016 8,656,756
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 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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 7,672,440 7,596,016
30 Total net assets or fund balances (see instructions)..... 7,672,440 7,596,016
31 Total liabilities and net assets/fund balances (see instructions). 7,672,440 7,596,016
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
7,672,440
2
Enter amount from Part I, line 27a .....................
2
-76,424
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,596,016
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
7,596,016
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 ACTIVISION BLIZZARD INC COMMON   2014-11-25 2015-09-02
b ACTIVISION BLIZZARD INC COMMON   2014-11-25 2015-09-18
c CABOT OIL & GAS   2014-08-08 2015-06-26
d NCR CORPORATION   2015-05-04 2015-12-04
e PEARSON PLC SPONSORED ADR   2015-12-04 2015-12-29
WHOLE FOODS MARKET INC COMMON   2015-06-26 2015-12-04
ENSCO PLC   2014-10-30 2015-03-27
SEAGATE TECHNOLOGY   2000-01-01 2015-12-04
ADT CORP COMMON   2000-01-01 2015-09-18
AT&T INC   2008-10-14 2015-08-27
ACTIVISION BLIZZARD INC COMMON   2014-11-25 2015-12-04
AMERICAN CENTURY DIVERSIFIED BOND FUND   2000-01-01 2015-05-04
APACHE CORPORATION COMMON   2000-01-01 2015-02-27
CBRE GROUP INC COMMON   2013-11-20 2015-06-26
CISCO SYSTEMS   2001-12-31 2015-09-02
CITRIX SYSTEMS   2013-11-20 2015-06-01
GENERAL ELECTRIC CO   2000-01-01 2015-12-04
HALLIBURTON CO   2011-11-09 2015-09-18
HALLIBURTON CO   2011-11-09 2015-12-04
HARBOR INTERNATIONAL FUND   2007-03-27 2015-09-18
INTEL CORPORATION   2007-03-27 2015-09-18
JOHNSON & JOHNSON   2002-09-20 2015-09-02
JOHNSON & JOHNSON   2002-09-20 2015-09-18
JOHNSON & JOHNSON   2002-09-20 2015-12-04
MERCK & CO INC   2010-12-23 2015-06-01
MERCK & CO INC   2010-12-23 2015-09-02
MERCK & CO INC   2010-12-23 2015-09-18
METLIFE INC   2012-11-19 2015-06-26
MICROSOFT CORPORATION   2005-04-01 2015-12-04
MYRIAD GENETICS INC COMMON   2013-10-31 2015-09-02
NCR CORPORATION   2000-01-01 2015-12-04
NOVARTIS AG   2010-04-12 2015-09-18
PIMCO LOW DURATION FUND   2011-05-12 2015-05-04
PEARSON PLC SPONSORED ADR   2013-05-21 2015-12-29
PEPSICO INCORPORATED   2005-05-09 2015-09-02
PEPSICO INCORPORATED   2005-05-09 2015-09-18
PEPSICO INCORPORATED   2005-05-09 2015-12-04
PIEDMONT NATURAL GAS INCORPORATED   2000-01-01 2015-06-02
PIEDMONT NATURAL GAS INCORPORATED   1981-09-09 2015-09-02
PIEDMONT NATURAL GAS INCORPORATED   2000-01-01 2015-09-18
PIEDMONT NATURAL GAS INCORPORATED   2000-01-01 2015-09-18
ROGERS COMMUNICATIONS INC   2000-01-01 2015-06-26
SCHWAB (CHARLES) CORP   2011-10-19 2015-06-01
SCHWAB (CHARLES) CORP   2011-10-19 2015-09-02
SCHWAB (CHARLES) CORP   2011-10-19 2015-09-18
STERLING CAPITAL TOTAL RETURN BOND FUND   2013-01-30 2015-05-04
STERLING CAPITAL SHORT DURATION BOND FUN   2013-07-31 2015-05-04
TIME WARNER CABLE INC   2013-02-14 2015-06-26
WASTE MANAGEMENT INC NEW   2012-05-09 2015-09-02
WASTE MANAGEMENT INC NEW   2012-05-09 2015-09-18
ENSCO PLC   2000-01-01 2015-03-27
CHECKPOINT SOFTWARE TECHNOLOGY COMMON   2012-11-19 2015-12-04
BAXALTA INC   2015-06-26 2015-07-16
BAXTER INTERNATIONAL INC   2015-06-26 2015-07-15
FACTSET RESEARCH SYSTEMS INC   2015-06-26 2015-10-27
SIGMA ALDRICH CORP   2015-06-26 2015-11-18
CAPITAL GAINS 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 5,903   4,560 1,343
b 15,496   10,856 4,640
c 28,637   30,376 -1,739
d 13,257   14,187 -930
e 7,569   8,188 -619
17,647   24,227 -6,580
7,234   13,654 -6,420
27,437   45,435 -17,998
5,395   5,997 -602
24   20 4
7,771   4,343 3,428
134,481   134,647 -166
45,303   56,067 -10,764
21,800   13,424 8,376
4,054   2,997 1,057
16,238   14,333 1,905
9,702   9,453 249
19,537   19,426 111
18,845   18,679 166
25,188   25,488 -300
7,936   5,709 2,227
9,296   5,235 4,061
9,456   5,235 4,221
10,291   5,235 5,056
18,139   10,938 7,201
10,504   7,292 3,212
10,450   7,292 3,158
28,631   16,010 12,621
13,986   6,068 7,918
5,752   3,706 2,046
39,770   43,233 -3,463
9,784   5,356 4,428
135,583   141,789 -6,206
19,855   34,724 -14,869
9,109   5,624 3,485
9,332   5,624 3,708
10,099   5,624 4,475
18,751   1,195 17,556
26,264   1,628 24,636
49,836   2,080 47,756
690     690
38,808   44,647 -5,839
16,682   6,396 10,286
8,749   3,621 5,128
14,378   6,034 8,344
51,866   52,980 -1,114
48,914   50,495 -1,581
23,278   11,318 11,960
14,864   10,188 4,676
9,965   6,792 3,173
22,978   51,576 -28,598
10,007   5,158 4,849
14,784   15,189 -405
17,683   18,715 -1,032
9,602   9,070 532
52,220   52,004 216
46,008     46,008
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       1,343
b       4,640
c       -1,739
d       -930
e       -619
      -6,580
      -6,420
      -17,998
      -602
      4
      3,428
      -166
      -10,764
      8,376
      1,057
      1,905
      249
      111
      166
      -300
      2,227
      4,061
      4,221
      5,056
      7,201
      3,212
      3,158
      12,621
      7,918
      2,046
      -3,463
      4,428
      -6,206
      -14,869
      3,485
      3,708
      4,475
      17,556
      24,636
      47,756
      690
      -5,839
      10,286
      5,128
      8,344
      -1,114
      -1,581
      11,960
      4,676
      3,173
      -28,598
      4,849
      -405
      -1,032
      532
      216
      46,008
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 2 165,681
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 310,500 6,985,238 0.044451
2013 308,050 6,371,349 0.048349
2012 313,500 6,291,412 0.049830
2011 297,000 6,359,013 0.046705
2010 274,000 6,126,554 0.044723
2
Total of line 1, column (d) .....................
20.234058
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
0.046812
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,466,263
5
Multiply line 4 by line 3......................
5
396,323
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,061
7
Add lines 5 and 6........................
7
399,384
8
Enter qualifying distributions from Part XII, line 4.............
8
376,900
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 6,123
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 6,123
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 6,123
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,800
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 5,800
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 9 323
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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 addressbulletN/A
    14
    The books are in care ofbulletJAMES H ROSTAN Telephone no.bullet (828) 874-7000

    Located atbulletPOST OFFICE BOX 970VALDESENC ZIP+4bullet28690
    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
     
     
    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
    MRS JOHN P ROSTAN JR DIRECTOR/PRESIDENT
    5.00     		0 0 0
    PO BOX 970
    VALDESE,NC28690
    JAMES H ROSTAN VP/TREASURER
    10.00     		0 0 0
    PO BOX 970
    VALDESE,NC28690
    JOHN P ROSTAN III VP/SECRETARY
    10.00     		0 0 0
    PO BOX 970
    VALDESE,NC28690
    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
    BB&T WEALTH MANAGEMENT INVESTMENT MANAGEMENT 53,293
    PO BOX 2887
    WILSON,NC27894
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,168,841
    b
    Average of monthly cash balances.......................
    1b
    1,143,149
    c
    Fair market value of all other assets (see instructions)................
    1c
    283,201
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,595,191
    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
    8,595,191
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    128,928
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,466,263
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    423,313
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    423,313
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    6,123
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,123
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    417,190
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    417,190
    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
    417,190
    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
    376,900
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    376,900
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    376,900
    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 7 417,190
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 342,570
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 376,900
    a Applied to 2014, but not more than line 2a 342,570
    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..... 34,330
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		382,860
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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).)
    MRS JOHN P ROSTAN JR
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A BETTER LIFE RESCUE INC
    1000 JAMESTOWN RD
    MORGANTON,NC28680     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    BURKE CHARITABLE PROPERTIES INC
    305 C WEST UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    BURKE COUNCIL ON ALCOHOLCHEM DEPENDENCY
    203 WHITE STREET
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 20,000
    BURKE COUNTY SMART START INC
    304 WEST UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION EDUCATIONAL 2,500
    BURKE HOSPICE & PALLIATIVE CARE
    1721 ENON RD
    MORGANTON,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    BURKE UNITED CHRISTIAN MINISTRIES
    305-B WEST UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 2,500
    CATAWBA SCIENCE CENTER
    243 3RD AVE NE
    HICKORY,NC28603     		NONE 501(C)3 ORGANIZATION EDUCATIONAL 6,000
    CHARLOTTE BRIDGE HOME
    22100 EAST 7TH STREET
    CHARLOTTEQ,NC28204     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 2,500
    COMMUNITY FOUNDATION OF BURKE COUNTY
    205 N KINGS ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 9,000
    EAST BURKE CHRISTIAN MINISTRIES
    103 3RD AVE SE
    HILDEBRAN,NC28637     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    FIRST PRESBYTERAN CHURCH - CHLT
    200 W TRADE ST
    CHARLOTTE,NC28202     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    FOOTHILLS CONSERVANY OF NC
    135 W UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 60,000
    HABITAT FOR HUMANITY OF BURKE CO
    111 INDEPENDENCE BLVD SUITE G
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 2,500
    HISTORIC VALDESE FOUNDATION INC
    400 MAIN ST WEST
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 15,000
    JC DRAUGHN HIGH SCHOOL
    709 LOVELADY ROAD NE
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION EDUCATIONAL 5,000
    MORGANTON DAY SCHOOL INC
    305 WEST CONCORD STREET
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    OLD COLONY PLAYERS INC
    400 WEST MAIN
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 12,000
    OPTIONS INC
    412 E MEETING ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 3,000
    PAT'S PLACE
    901 EAST BLVD
    CHARLOTTE,NC28203     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    PILOT CLUB OF VALDESE NC
    809 JEFFERSON AVE NE
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION EDUCATIONAL 2,400
    PRESBYTERY OF WESTERN NORTH CAROLINA
    114 SILVER CREEK ROAD
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 152,500
    ROCK SCHOOL ARTS FOUNDATION
    402 MAIN ST
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 3,000
    SALVATION ARMY OF BURKE CO
    420-B WEST FLEMING DR
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    SUPPORTIVE HOUSING COMMUNITIES MCCREESH PLACE
    2120 N DAVIDSON ST
    CHARLOTTE,NC28205     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 2,500
    THE MEETING PLACE MISSION
    310 E MEETING ST STE 5
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 16,500
    THE OUTREACH CENTER
    510 E FLEMING DR
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 15,000
    VALDESE FIRST CHRISTIAN CHURCH
    916 BERRY AVE SE
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    Total .................................bullet 3a 376,900
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 91  
    4 Dividends and interest from securities....     14 199,713  
    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.....     14 5,435  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 165,681  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 370,920 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13370,920
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAVIDSON, HOLLAND, WHITESELL 4,000 4,000   0

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BB&T - 3M COMPANY 200 SHARES 14,194 30,128
    BB&T - ABBOTT LABS 1500 SHS 24,399 67,365
    BB&T - ABBVIE INC COMMON 510 SHARES 7,990 30,212
    BB&T - ACCENTURE PLC CL A 250 SHS 18,462 26,125
    BB&T - ACTIVISION BLIZZARD INC COMMON 1800 SHS 36,165 69,678
    BB&T - ADT CORP COMMON 900 SHARES 27,944 29,682
    BB&T - ADVISORY RESEARCH MLP & ENERGY INCOME FUND 14690 SHS 159,241 117,671
    BB&T - AKAMAI TECHNOLOGIES COMMON 780 SHS 27,112 41,051
    BB&T - AMERICAN CENTURY DIVERSIFIED 12327 SHARES 0 0
    BB&T - APACHE CORPORATION COMMON 690 SHARES 0 0
    BB&T - APPLE INC COMMON 1050 SHS 37,500 110,523
    BB&T - AT&T INC 3648 SHS 94,943 125,528
    BB&T - BB&T CORP COMMON 2000 SHS 27,668 75,620
    BB&T - BROADCOM CORPORATION 310 SHS 8,559 17,924
    BB&T - CABOT OIL AND GAS 900 SHS 0 0
    BB&T - CAPITAL ONE FINANCIAL CORP 730 SHS 51,997 52,691
    BB&T - CBRE GROUP INC COMMON 1450 SHS 32,992 50,141
    BB&T - CHARLES SCHWAB CORP 1200 SHS 14,482 39,516
    BB&T - CHECKPOINT SOFTWARE TECHNOLOGY 975 SHS 43,697 79,346
    BB&T - CHEVRON CORP 440 SHS 30,483 39,582
    BB&T - CICSO SYSTEMS INC 2500 SHS 46,017 67,888
    BB&T - CITRIX SYSTEMS INC COMMON 800 SHS 45,434 60,520
    BB&T - COCA-COLA COMPANY COMMON 475 SHS 19,753 20,406
    BB&T - COHEN & STEERS REALTY SHARES INSTITUTIONAL 3265 SHS 159,720 149,927
    BB&T - COMCAST CORP 1040 SHARES 13,853 58,687
    BB&T - CONOCOPHILLIPS CO 830 SHARES 34,382 38,753
    BB&T - DIRECT TV 660 SHARES 0 0
    BB&T - DISCOVERY COMMUNICATIONS C COMMON 1500 SHS 51,919 37,830
    BB&T - DOUBLELINE TOTAL RETURN BOND FUND 19281 SHARES 215,560 207,848
    BB&T - DUNKIN' BRANDS GROUP INC COMMON 600 SHS 25,243 25,554
    BB&T - EBAY INC COMMON 1000 SHS 20,931 27,480
    BB&T - ENSCO INTERNATIONAL PLC 1420 SHARES 0 0
    BB&T - EOG RESOURCES INC 740 SHS 32,627 52,385
    BB&T - FEDERATED SHORT TERM INCOME FUND CL Y 16500 SHS 141,405 139,755
    BB&T - FORD MOTOR COMPANY 3420 SHARES 32,519 48,188
    BB&T - GENERAL ELECTRIC COMPANY 2550 SHS 28,809 79,433
    BB&T - GENERAL MILLS INC 760 SHARES 29,191 43,822
    BB&T - HALLIBURTON COMPANY 1020 SHARES 0 0
    BB&T - HARBOR INTERNATIONAL FND 5608 SHS 339,891 333,291
    BB&T - HCA HOLDINGS INC COMMON 790 SHS 30,913 53,428
    BB&T - I-SHARES MSCI EAFE INDEX FUND 6200 SHS 325,995 364,064
    BB&T - I-SHARES MSCI EAFE SMALL CAP INDES FUND 1300 SHS 49,151 64,935
    BB&T - I-SHARES MSCI EMERGING MARKETS INDEX 3400 SHS 105,288 109,446
    BB&T - I-SHARES RUSSELL 2000 INDEX FND 3000 SHS 217,005 337,860
    BB&T - I-SHARES S&P MIDCAP 400 GROWTH 75 SHS 8,204 12,072
    BB&T - I-SHARES S&P MIDCAP 400/BARRA VAL 100 SHS 8,411 11,720
    BB&T - INTEL CORP COMMON 1900 SHS 29,278 65,455
    BB&T - INTUIT INC 600 SHS 25,425 57,900
    BB&T - JOHNSON & JOHNSON 700 SHS 31,560 71,904
    BB&T - KINDER MORGAN INC COMMON 1500 SHS 42,949 22,380
    BB&T - LENNAR CORP COMMON 1000 SHS 39,436 48,910
    BB&T - MAXIM INTEGRATED PRODUCTS COMMON 1780 SHS 49,982 67,640
    BB&T - MCDONALDS CORPORATION 440 SHARES 39,172 51,982
    BB&T - MEDNAX INC COMMON 350 SHS 21,513 25,081
    BB&T - MERCK & CO INC 1300 SHS 28,554 68,666
    BB&T - METLIFE INC 680 SHS 21,773 32,783
    BB&T - METROPOLITAN WEST TOTAL RETURN BOND 18168 SHS 193,463 192,948
    BB&T - MICROSOFT CORP COMMON 1450 SHS 35,067 80,446
    BB&T - MYRIAD GENETICS INC COMMON 1900 SHS 46,561 82,004
    BB&T - NCR CORP NEW COMMON 1500 SHS 0 0
    BB&T - NEUBERGER BERMAN STRATEGIC INCOME FUND-I 7859 SHARES 87,163 82,753
    BB&T - NIELSON HOLDINGS N.V. 860 SHARES 0 0
    BB&T - NOVARTIS A G ADR 730 SHS 39,063 62,809
    BB&T - OCCIDENTAL PETROLEUM CORPORATION 900 SHS 73,538 60,849
    BB&T - PEARSON PLC SPONSORED ADR 2500 SHARES 42,912 26,950
    BB&T - PEPSICO INC COMMON 700 SHS 39,370 69,944
    BB&T - PFIZER INC COMMON 1110 SHS 22,195 35,831
    BB&T - PIEDMONT NATURAL GAS, INC. 1000 SHS 379 57,020
    BB&T - PIMCO LOW DURATION FUND CLASS I 23128 SHARES 241,465 228,043
    BB&T - PROCTER & GAMBLE 420 SHS 23,036 33,352
    BB&T - QUALCOMM INC 830 SHS 48,551 41,488
    BB&T - ROGERS COMMUNICATIONS INC 1100 SHARES 0 0
    BB&T - SCOTTS CO CL A 525 SHS 31,179 33,868
    BB&T - SOUTHERN COMPANY 750 SHS 32,013 35,093
    BB&T - SPECTRA ENERGY CORP COMMON 1760 SHARES 48,927 42,134
    BB&T - STERLING CAPITAL CORPORATE FUND 20872 SHS 216,081 208,510
    BB&T - STERLING CAPITAL SHORT DURATION BOND FUND 25939 SHS 239,281 227,741
    BB&T - STERLING CAPITAL TOTAL RETURN BOND 8356 SHS 90,832 86,981
    BB&T - TIME WARNER CABLE INC COMMON 170 SHS 14,800 31,550
    BB&T - UNILEVER PLC-SPONSORED ADR 890 SHARES 29,156 38,377
    BB&T - UNITED PARCEL SERVICES 440 SHARES 32,438 42,341
    BB&T - VANGUARD REIT VIPERS 470 SHS 32,334 37,473
    BB&T - VERIZON COMMUNICATIONS INC 818 SHS 40,065 37,808
    BB&T - VODAPHONE GROUP PLC - SP ADR 660 SHS 23,068 21,292
    BB&T - WASTE MANAGEMENT INC 800 SHS 27,167 42,696
    BB&T - WELLS FARGO & CO 980 SHS 29,523 53,273
    BB&T - WILLIAMS COMPANIES INC 1000 SHARES 35,328 25,700
    BB&T - DODGE & COX INCOME FUND 14246 SHS 196,874 189,324
    BB&T - GUGGENHEIM FLOAT RATE STRA-I 89,488 85,622
    BB&T - CBS CORPORATION CL B COMMON 225 SHS 9,685 10,604
    BB&T - JARDEN CORP COMMON 19,293 22,848
    BB&T - OMNICOM GROUP COMMON 8,517 9,458
    BB&T - MEAD JOHNSON NUTRITION COMPANY COMMON 250 SHS 19,915 19,738
    BB&T - AMERICAN CAMPUS COMMUNITIES 275 SHS 9,577 11,369
    BB&T - DISCOVER FINANCIAL SERVICES 400 SHS 23,747 21,448
    BB&T - HOST MARRIOTT CORP NEW COMMON 2200 SHS 44,448 33,748
    BB&T - IMS HEALTH HOLDINGS INC 750 SHS 19,993 19,103
    BB&T - ZIMMER BIOMET HOLDINGS INC 100 SHS 9,956 10,259
    BB&T - PERRIGO CO PLC 130 SHS 19,248 18,811
    BB&T - J.B. HUNT 125 SHS 9,730 9,170
    BB&T - NIELSON HOLDINGS PLC 860 SHS 29,541 40,076
    BB&T - ALPHABET INC CL C COMMON 60 SHS 32,051 45,533
    BB&T - AUTODESK INC COMMON 200 SHS 9,416 12,186
    BB&T - IBM CORP INTERNATIONAL BUSINESS MACHINES 75 SHS 10,915 10,322
    BB&T - PAYPAL HOLDINGS INC COMMON 1000 SHS 30,271 36,200
    BB&T - WESTERN DIGITAL CORP 300 SHS 19,300 18,010
    WF - ABBOTT LABORATORIES 688 SHS 34,246 30,898
    WF - AFLAC INC 573 SHS 36,374 34,323
    WF - AIR PRODUCTS & CHEMICALS INC 288 SHS 41,064 37,472
    WF - AMGEN INC 250 SHS 40,539 40,583
    WF - ANALOG DEVICES INC 686 SHS 45,984 37,950
    WF - AT&T INC 1074 SHS 38,678 36,956
    WF - AUTOMATIC DATA PROCESSING 486 SHS 40,569 41,174
    WF - BECTON DICKINSON & CO 320 SHS 45,464 49,309
    WF - BLACKROCK INC 102 SHS 35,052 34,733
    WF - CHEVRON CORPORATION 379 SHS 37,119 34,095
    WF - CHUBB CORP 367 SHS 35,452 48,679
    WF - CLOROX COMPANY 376 SHS 40,210 47,688
    WF - COLGATE-PALMOLIVE CO 549 SHS 36,723 36,574
    WF - CONOCOPHILLIPS 583 SHS 36,094 27,220
    WF - EATON VANCE CORP NON VTG 491 SHS 19,940 15,923
    WF - EMERSON ELECTRIC CO 680 SHS 38,522 32,524
    WF - EVERSOURCE ENERGY 738 SHS 33,708 37,690
    WF - EXXON MOBIL CORP 456 SHS 38,210 35,545
    WF - FACTSET RESEARCH SYSTEMS INC 202 SHS 33,312 32,839
    WF - GENERAL MILLS INC 642 SHS 36,603 37,018
    WF - GENL DYNAMICS CORP COM 370 SHS 53,910 50,823
    WF - GRAINGER W W INC 99 SHS 23,737 20,056
    WF - HARRIS CORP DEL 414 SHS 32,370 35,977
    WF - ILLINOIS TOOL WORKS INC 473 SHS 43,852 43,838
    WF - INTERNATIONAL BUSINESS MACHINE CORP 136 SHS 22,649 18,716
    WF - JM SMUCKER CO 339 SHS 37,697 41,812
    WF - JOHNSON & JOHNSON 484 SHS 48,335 49,716
    WF - KELLOGG COMPANY 491 SHS 31,009 35,485
    WF - LOWES COMPANIES INC 876 SHS 60,269 66,611
    WF - MCDONALDS CORP 279 SHS 26,933 32,961
    WF - MEDTRONIC PLC 645 SHS 48,769 49,613
    WF - MICROSOFT CORP 1246 SHS 57,073 69,128
    WF - NEXTERA ENERGY INC 426 SHS 41,754 44,257
    WF - NORDSTROM INC 532 SHS 40,433 26,499
    WF - NORFOLK SOUTHERN CORP 406 SHS 36,296 34,344
    WF - NOVARTIS AG SPON ADR 436 SHS 43,631 37,513
    WF - PAYCHEX INC 815 SHS 39,340 43,105
    WF - PEPSICO INCORPORATED 383 SHS 36,530 38,269
    WF - PHILLIPS 66 489 SHS 38,445 40,000
    WF - POLARIS INDS INC 312 SHS 47,065 26,816
    WF - PRAXAIR INC 304 SHS 37,095 31,130
    WF - PROCTER & GAMBLE CO 391 SHS 31,092 31,049
    WF - QUALCOMM INC 377 SHS 24,614 18,844
    WF - SCANA CORP COM 273 SHS 13,752 16,514
    WF - SYSCO CORPORATION 870 SHS 33,273 35,670
    WF - TARGET CORP 461 SHS 38,848 33,473
    WF - THE SOUTHERN COMPANY 594 SHS 24,827 27,793
    WF - UNITED TECHNOLOGIES CORP 313 SHS 35,600 30,070
    WF - V F CORPORATION 757 SHS 53,687 47,124
    WF - WAL-MART STORES INC 557 SHS 40,229 34,145
    WF - WEC ENERGY GROUP INC 344 SHS 15,739 17,651
    WF - 3M CO 282 SHS 44,488 42,481

    TY 2015 InvestmentsOtherSchedule2
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BB&T - BB&T TRUST DEPOSIT WD AT COST 140,014 140,014

    TY 2015 OtherExpensesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER DEDUCTIONS 29 29   0


    TY 2015 OtherIncomeSchedule2
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BB&T INVESTMENTS - TAX EXEMPT DIVS 5,261 5,261 5,261
    WELLS FARGO INVESTMENTS - TAX EXEMPT DIVS 174 174 174


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BB&T ASSET MANAGEMENT 53,293 53,293   0
    WELLS FARGO ASSET MANAGEMENT 7,458 7,458   0


    TY 2015 TaxesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID/EXCISE TAX REFUND 2,289 0   0
    EXCISE TAXES PAID & ESTIMATES 3,375 0   0