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
JAMES L BOYD TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

32-6317073
B Telephone number (see instructions)

(540) 665-4345
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$1,137,109J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 35,551 35,551  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,494
b Gross sales price for all assets on line 6a 548,152
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 33,057 35,551  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,803 17,803    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... 71,145     71,145
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 2,419 568   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 119 119    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 91,486 18,490 0 71,145
25 Contributions, gifts, grants paid....... 67,176 67,176
26 Total expenses and disbursements. Add lines 24 and 25 158,662 18,490 0 138,321
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -125,605
b Net investment income (if negative, enter -0-) 17,061
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 9 45 45
2 Savings and temporary cash investments......... 13,523 19,433 19,433
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 591,418 Click to see attachment468,562 466,622
c Investments—corporate bonds (attach schedule)....... 624,038 Click to see attachment439,225 429,672
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 53,020 Click to see attachment236,856 221,337
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) 1,282,008 1,164,121 1,137,109
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........ 1,282,008 1,164,121
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,282,008 1,164,121
31 Total liabilities and net assets/fund balances (see instructions). 1,282,008 1,164,121
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
1,282,008
2
Enter amount from Part I, line 27a .....................
2
-125,605
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,718
4
Add lines 1, 2, and 3 ..........................
4
1,164,121
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
1,164,121
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 13. BAXTER INTERNATIONAL INCORPORATED   2013-08-22 2015-01-22
b 4. CALIFORNIA RESOURCES CORP COMMON   2014-05-12 2015-01-22
c 14. CALIFORNIA RESOURCES CORP COMMON   2013-02-09 2015-01-22
d 39. CENTENE CORP     2015-01-22
e 10. CHEVRON TEXACO CORP COMMON     2015-01-22
24. CHEVRON TEXACO CORP COMMON   2013-02-09 2015-01-22
44.274 COHEN & STEERS REALTY SHARES INSTITUTION   2013-02-09 2015-01-22
449.802 DOUBLELINE TOTAL RETURN BOND FUND   2013-10-23 2015-01-22
126. EMC CORPORATION COMMON   2013-08-22 2015-01-22
7. IDEX CORP   2013-02-09 2015-01-22
16. KINDER MORGAN INC COMMON   2013-08-22 2015-01-22
70. MATTEL INC     2015-01-22
224.813 METROPOLITAN WEST TOTAL RETURN BOND FUND   2013-10-23 2015-01-22
104.057 NEUBERGER BERMAN STRATEGIC INCOME FUND-I   2014-09-10 2015-01-22
3708.057 NEUBERGER BERMAN STRATEGIC INCOME FUND-I     2015-01-22
18. NIPPON TELEG & TEL CORP     2015-01-22
6. NOVARTIS AG   2013-08-22 2015-01-22
120.339 PIMCO PIMS FOREIGN BOND FUND   2013-10-30 2015-01-22
41.368 PIMCO FDS PAC INVT MGMT REAL RETURN BD FD INSTL CL   2014-05-12 2015-01-22
21. PFIZER INCORPORATED   2013-08-22 2015-01-22
11. POLARIS INDUSTRIES INC   2013-02-09 2015-01-22
12. SCHLUMBERGER LTD     2015-01-22
118. SONY CORP     2015-01-22
116.33 STERLING CAPITAL CORPORATE FUND-I   2013-10-30 2015-01-22
675.371 STERLING CAPITAL TOTAL RETURN BOND FUND   2013-10-23 2015-01-22
80. SUNCOR ENERGY, INC     2015-01-22
25. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR   2013-02-09 2015-01-22
10. TORAY INDUSTRIES INC   2014-01-10 2015-01-22
134.315 TOUCHSTONE FOCUSED FUND   2013-08-22 2015-01-22
77. TRINITY INDS INC   2013-02-09 2015-01-22
21. UNIBAIL-RODAMCO COMMON SE-UNSP ADR   2014-02-21 2015-01-22
8. ENSCO PLC   2014-05-12 2015-01-22
60. ENSCO PLC   2013-08-22 2015-01-22
8. CHECKPOINT SOFTWARE TECHNOLOGY COMMON   2013-10-23 2015-01-22
93. KKR & CO. L.P.     2015-03-19
15. AGCO CORPORATION COMMON   2014-05-12 2015-04-06
129. EUROPEAN AERONAUT UNSP ADR     2015-04-06
70.869 ARTISAN INTERNATIONAL SMALL CAP FUND # 1   2013-02-09 2015-04-06
21.522 ARTISAN INTERNATIONAL SMALL CAP FUND # 1   2014-10-24 2015-04-06
20. BAYER A G SPONSORED ADR     2015-04-06
35. BROADRIDGE FINANCIAL SOLUTIONS LLC COMMO   2013-02-09 2015-04-06
70. CARBO CERAMICS INC COMMON   2014-10-24 2015-04-06
29. CENTENE CORP   2013-02-09 2015-04-06
28. CLEAN HARBORS INC COMMON   2014-05-12 2015-04-06
20. COACH INC   2013-08-22 2015-04-06
17. COGNIZANT TECHNOLOGY SOLUTIONS CORP     2015-04-06
450. DEUSTCHE BOERSE AG ADR   2013-08-22 2015-04-06
204.504 DOUBLELINE TOTAL RETURN BOND FUND   2013-10-23 2015-04-06
25. GENERAL MILLS, INCORPORATED   2013-08-22 2015-04-06
59. HANESBRANDS INC COMMON   2013-08-22 2015-04-06
40. HITACHI LTD     2015-04-06
200. HOLCIM LTD UNSPON ADR   2014-09-10 2015-04-06
91.323 HOTCHKIS & WILEY HIGH YIELD FUND-I   2014-05-12 2015-04-06
20. MAXIM INTEGRATED PRODUCTS INC COMON   2013-08-22 2015-04-06
9. MCDONALDS CORPORATION   2013-02-09 2015-04-06
49. MEADWESTVACO CORP.   2015-01-22 2015-04-06
176.785 METROPOLITAN WEST TOTAL RETURN BOND FUND   2013-10-23 2015-04-06
44. NEWFIELD EXPL CO COM   2013-02-09 2015-04-06
40. NEWFIELD EXPL CO COM   2014-09-10 2015-04-06
7. OMNICOM GROUP INCORPORATED   2013-08-22 2015-04-06
12.765 OPPENHEIMER DEVELOPING MARKETS FUND CL Y   2014-05-12 2015-04-06
159.369 PIMCO PIMS FOREIGN BOND FUND   2013-10-30 2015-04-06
60.997 PIMCO FDS PAC INVT MGMT REAL RETURN BD FD INSTL CL   2014-05-12 2015-04-06
21.243 PIONEER AMT FREE MUNICIPAL BOND FUND   2015-01-22 2015-04-06
20. SONY CORP   2014-02-21 2015-04-06
16. STERICYCLE INC     2015-04-06
71.921 STERLING CAPITAL CORPORATE FUND-I   2013-10-30 2015-04-06
339.615 STERLING CAPITAL TOTAL RETURN BOND FUND   2013-10-23 2015-04-06
42. SUNTORY BEVERAGE & FOOD -UADR   2014-05-12 2015-04-06
125. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR     2015-04-06
29.629 TOUCHSTONE FOCUSED FUND     2015-04-06
30. TRINITY INDS INC   2014-10-24 2015-04-06
20. TRINITY INDS INC   2013-02-09 2015-04-06
44. UNIBAIL-RODAMCO COMMON SE-UNSP ADR   2014-02-21 2015-04-06
23. VARIAN MED SYS INC     2015-04-06
8. VERISK ANALYTICS INC COMMON   2014-02-21 2015-04-06
53. WESTERN UNION COMPANY COMMON   2013-08-22 2015-04-06
22. DAIMLER-CHRYSLER AG ORDINARY     2015-04-06
6. ACCENTURE PLC IRELAND PLC CL A COMMON   2013-10-23 2015-04-06
42. ENSCO PLC     2015-04-06
4. PERRIGO CO PLC COMMON   2013-12-19 2015-04-06
.011 GOOGLE INC CLASS C COMMON   2013-08-22 2015-05-12
54. BG GROUP PLC SPON ADR   2014-05-12 2015-06-18
42. BAXTER INTERNATIONAL INCORPORATED     2015-06-18
421.22 COHEN & STEERS REALTY SHARES INSTITUTION     2015-06-18
28. METLIFE COMMON   2013-08-22 2015-06-18
43. MURPHY USA INC. COMMON   2014-10-24 2015-06-18
3674.775 PIMCO COMMODITY REAL RETURN STRATEGY INS     2015-06-18
3149.169 PIONEER AMT FREE MUNICIPAL BOND FUND   2015-01-22 2015-06-18
350. PORSCHE AUTOMOBIL HOLDINGS SE UNSPONS A     2015-06-18
130. REPSOL S A   2013-08-22 2015-06-18
26. REPSOL S A   2015-04-06 2015-06-18
94. SEVEN & I HOLDINGS UNSPN ADR     2015-06-18
7. TIME WARNER CABLE INC     2015-06-18
90. WESTERN UNION COMPANY COMMON     2015-06-18
9. PERRIGO CO PLC COMMON   2013-12-19 2015-06-18
.38 WESTROCK CO COMMON   2014-05-12 2015-07-24
64.761 COHEN & STEERS REALTY SHARES INSTITUTION     2015-07-31
2185.663 PIMCO COMMODITY REAL RETURN STRATEGY INS     2015-07-31
90. EUROPEAN AERONAUT UNSP ADR   2014-10-24 2015-09-11
101. EUROPEAN AERONAUT UNSP ADR   2013-08-22 2015-09-11
120. ADR AMERICA MOVIL S A DE CV     2015-09-11
367.539 DOUBLELINE TOTAL RETURN BOND FUND   2013-10-23 2015-09-11
70. GEA GROUP AG   2013-08-22 2015-09-11
45. GENERAL MILLS, INCORPORATED     2015-09-11
972.496 ADVISORY RESEARCH MLP & ENERGY INCOME FD   2015-06-18 2015-09-11
85.273 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO   2013-02-09 2015-09-11
329.803 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO     2015-09-11
270.2 METROPOLITAN WEST TOTAL RETURN BOND FUND   2014-05-12 2015-09-11
8. NOW INC/DE COMMON     2015-09-11
70.132 OPPENHEIMER DEVELOPING MARKETS FUND CL Y     2015-09-11
130.757 OPPENHEIMER DEVELOPING MARKETS FUND CL Y     2015-09-11
258.156 PIMCO PIMS FOREIGN BOND FUND   2014-05-12 2015-09-11
30. PHILIP MORRIS INTERNATIONAL   2013-02-09 2015-09-11
112. SONY CORP   2014-02-21 2015-09-11
403.51 STERLING CAPITAL TOTAL RETURN BOND FUND   2015-06-18 2015-09-11
125.364 STERLING CAPITAL TOTAL RETURN BOND FUND   2014-05-12 2015-09-11
33. DAIMLER-CHRYSLER AG ORDINARY   2013-08-22 2015-09-11
23. AGCO CORPORATION COMMON   2014-05-12 2015-09-18
10. COGNIZANT TECHNOLOGY SOLUTIONS CORP   2014-07-08 2015-09-18
129.866 DOUBLELINE TOTAL RETURN BOND FUND   2013-10-23 2015-09-18
124. EMC CORPORATION COMMON     2015-09-18
8. EXPRESS SCRIPTS HOLDING CO COMMON   2014-02-21 2015-09-18
24. GENERAL ELECTRIC COMPANY   2014-09-10 2015-09-18
27. LKQ CORP COMMON   2014-05-12 2015-09-18
34.989 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO   2013-02-09 2015-09-18
83.562 METROPOLITAN WEST TOTAL RETURN BOND FUND   2014-05-12 2015-09-18
17. MICROSOFT CORPORATION   2013-03-22 2015-09-18
90.032 NEUBERGER BERMAN STRATEGIC INCOME FUND-I   2015-06-18 2015-09-18
17. NIPPON TELEG & TEL CORP   2013-10-23 2015-09-18
9. NOVARTIS AG   2014-07-08 2015-09-18
23.437 OPPENHEIMER DEVELOPING MARKETS FUND CL Y   2013-02-09 2015-09-18
35. OTSUKA HOLDINGS LTD   2014-02-21 2015-09-18
21.009 PIMCO FDS PAC INVT MGMT REAL RETURN BD FD INSTL CL   2014-05-12 2015-09-18
53.683 PIMCO FDS PAC INVT MGMT REAL RETURN BD FD INSTL CL   2015-06-18 2015-09-18
28. PFIZER INCORPORATED   2014-05-12 2015-09-18
47.065 STERLING CAPITAL CORPORATE FUND-I   2015-06-18 2015-09-18
60.897 STERLING CAPITAL CORPORATE FUND-I   2013-10-30 2015-09-18
186.506 STERLING CAPITAL TOTAL RETURN BOND FUND   2014-05-12 2015-09-18
13.322 TOUCHSTONE FOCUSED FUND   2015-06-18 2015-09-18
15. VISA INC CLASS A SHARES COMMON   2014-05-12 2015-09-18
56. ADT CORP COMMON     2015-10-21
25. ADT CORP COMMON   2014-09-10 2015-10-21
45. AGCO CORPORATION COMMON     2015-10-21
25. ADIDAS AG   2015-04-06 2015-10-21
8. APPLE COMPUTER CORPORATION COMMON   2015-09-11 2015-10-21
63. APPLE COMPUTER CORPORATION COMMON     2015-10-21
8. BERKSHIRE HATHAWAY INC CL B COMMON   2015-09-11 2015-10-21
61. BERKSHIRE HATHAWAY INC CL B COMMON     2015-10-21
45. BROADRIDGE FINANCIAL SOLUTIONS LLC COMMO   2014-05-12 2015-10-21
21. CENTENE CORP   2014-05-12 2015-10-21
7. CHICAGO BRIDGE & IRON CO NV   2014-09-10 2015-10-21
47. CHICAGO BRIDGE & IRON CO NV     2015-10-21
41. CLEAN HARBORS INC COMMON     2015-10-21
42. COACH INC     2015-10-21
140. COACH INC     2015-10-21
93. COGNIZANT TECHNOLOGY SOLUTIONS CORP     2015-10-21
28. CUMMINS ENGINE CO INC COMMON     2015-10-21
122. DARLING INTERNATIONAL INC COMMON   2015-06-18 2015-10-21
188.046 DOUBLELINE TOTAL RETURN BOND FUND   2013-10-23 2015-10-21
82. EXPRESS SCRIPTS HOLDING CO COMMON     2015-10-21
44. FLOWSERVE CORP COM     2015-10-21
60. GENERAL ELECTRIC COMPANY   2014-09-10 2015-10-21
24. HANESBRANDS INC COMMON   2015-06-18 2015-10-21
62. HANESBRANDS INC COMMON     2015-10-21
28. IDEX CORP     2015-10-21
87. KNOWLES CORP COMMON   2015-06-18 2015-10-21
123. LKQ CORP COMMON     2015-10-21
57.956 LAZARD EMERGING MKTS PORTFOLIO INST CLASS FUND # 638 CLOSED TO   2013-02-09 2015-10-21
46. M & T BK CORP     2015-10-21
4. M & T BK CORP   2015-06-18 2015-10-21
25. MAXIM INTEGRATED PRODUCTS INC COMON   2014-05-12 2015-10-21
23. MEAD JOHNSON NUTRITION COMPANY COMMON   2014-05-12 2015-10-21
157.415 METROPOLITAN WEST TOTAL RETURN BOND FUND   2014-05-12 2015-10-21
22. MURPHY USA INC. COMMON   2014-09-10 2015-10-21
35. NATIONAL-OILWELL INC     2015-10-21
88. NATIONAL-OILWELL INC     2015-10-21
54. NEWFIELD EXPL CO COM     2015-10-21
74. OGE ENERGY CORP COMMON     2015-10-21
20. OCCIDENTAL PETE CORP     2015-10-21
28.066 OPPENHEIMER DEVELOPING MARKETS FUND CL Y   2013-02-09 2015-10-21
143.832 PIMCO PIMS FOREIGN BOND FUND   2014-05-12 2015-10-21
3. PRICELINE GROUP INC/THE COMMON     2015-10-21
96. QUALCOMM INC COMMON     2015-10-21
43. SCHLUMBERGER LTD   2013-02-09 2015-10-21
21. STERICYCLE INC     2015-10-21
335.52 STERLING CAPITAL TOTAL RETURN BOND FUND   2014-05-12 2015-10-21
34. THOR INDS INC COMMON   2014-09-10 2015-10-21
70. TIDEWATER INC COMMON     2015-10-21
59. THE TIMKEN COMPANY COMMON     2015-10-21
119.316 TOUCHSTONE FOCUSED FUND     2015-10-21
28.968 TOUCHSTONE FOCUSED FUND   2015-06-18 2015-10-21
57. VERISK ANALYTICS INC COMMON     2015-10-21
127. WESTERN UNION COMPANY COMMON     2015-10-21
8. ACCENTURE PLC IRELAND PLC CL A COMMON   2014-05-12 2015-10-21
21. PENTAIR PLC COMMON   2014-09-10 2015-10-21
13. PERRIGO CO PLC COMMON     2015-10-21
37. CHECKPOINT SOFTWARE TECHNOLOGY COMMON     2015-10-21
35. CORE LABORATORIES N V     2015-10-21
41. ADIDAS AG     2015-12-16
83.128 ARTISAN INTERNATIONAL SMALL CAP FUND # 1   2013-02-09 2015-12-16
130. ADR AXA-UAP F/K/A AXA SA SPONSORED ADR   2013-08-22 2015-12-16
102. BG GROUP PLC SPON ADR     2015-12-16
106. BG GROUP PLC SPON ADR     2015-12-16
15. BROADRIDGE FINANCIAL SOLUTIONS LLC COMMO   2014-05-12 2015-12-16
144.529 DOUBLELINE TOTAL RETURN BOND FUND   2015-06-18 2015-12-16
3.04 DOUBLELINE TOTAL RETURN BOND FUND   2013-10-23 2015-12-16
30. EMBRAER SA   2015-04-06 2015-12-16
96. GENERAL ELECTRIC COMPANY   2014-09-10 2015-12-16
80. HEINEKEN NV     2015-12-16
83. INFINEON TECHNOLOGY COMMON   2015-04-06 2015-12-16
12. MCDONALDS CORPORATION     2015-12-16
13. MICROSOFT CORPORATION   2013-03-22 2015-12-16
85. NIPPON TELEG & TEL CORP     2015-12-16
118.919 PIMCO PIMS FOREIGN BOND FUND   2015-06-18 2015-12-16
130. PEARSON PLC SPONSORED ADR     2015-12-16
176. PEARSON PLC SPONSORED ADR   2015-09-11 2015-12-16
42. SECOM CO LTD COMMON   2013-08-22 2015-12-16
12. BRITISH SKY BROADCAST -SP ADR   2014-07-08 2015-12-16
243.899 STERLING CAPITAL TOTAL RETURN BOND FUND   2014-05-12 2015-12-16
31. SUNTORY BEVERAGE & FOOD -UADR   2014-05-12 2015-12-16
14. WESTROCK CO COMMON   2014-05-12 2015-12-16
15. ZIMMER HOLDINGS INC   2015-10-21 2015-12-16
56. SEAGATE TECHNOLOGY PLC COMMON     2015-12-16
160. TIDEWATER INC COMMON     2015-12-30
32. TIDEWATER INC COMMON     2015-12-30
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 931   929 2
b 16   34 -18
c 56   107 -51
d 4,259   1,887 2,372
e 1,072   1,275 -203
2,573   2,769 -196
2,402   1,952 450
4,975   4,970 5
3,568   3,276 292
510   343 167
674   595 79
1,982   2,489 -507
2,473   2,410 63
1,162   1,183 -21
41,419   41,390 29
512   485 27
578   449 129
1,314   1,279 35
459   471 -12
683   593 90
1,508   933 575
976   1,026 -50
2,598   2,046 552
1,197   1,197  
7,294   7,172 122
2,357   2,522 -165
587   460 127
833   670 163
4,943   4,130 813
2,017   1,564 453
576   556 20
237   409 -172
1,775   3,421 -1,646
635   472 163
2,108   2,202 -94
705   827 -122
2,150   1,911 239
1,716   1,665 51
521   522 -1
3,067   2,713 354
1,935   777 1,158
2,152   3,728 -1,576
2,035   662 1,373
1,645   1,689 -44
854   1,054 -200
1,065   629 436
3,771   3,213 558
2,264   2,260 4
1,423   1,237 186
2,009   904 1,105
2,787   2,499 288
3,018   3,124 -106
1,151   1,215 -64
700   554 146
869   854 15
2,374   2,226 148
1,950   1,895 55
1,626   1,303 323
1,478   1,556 -78
552   435 117
457   487 -30
1,755   1,694 61
680   694 -14
309   311 -2
588   345 243
2,256   1,843 413
745   740 5
3,671   3,607 64
912   755 157
2,942   2,280 662
1,134   965 169
1,061   1,068 -7
707   406 301
1,211   1,164 47
2,174   1,680 494
578   527 51
1,092   966 126
2,129   1,667 462
569   442 127
939   1,778 -839
657   609 48
6   5 1
926   1,159 -233
2,912   3,077 -165
20,960   18,959 2,001
1,589   1,362 227
2,538   2,388 150
15,802   21,100 -5,298
44,624   46,072 -1,448
3,020   3,117 -97
2,397   3,063 -666
479   508 -29
1,928   1,785 143
1,246   921 325
1,910   1,566 344
1,697   1,370 327
24   20 4
3,008   2,815 193
8,568   11,091 -2,523
1,413   1,292 121
1,585   1,483 102
2,117   2,418 -301
4,014   4,061 -47
2,666   3,001 -335
2,527   2,273 254
10,347   12,642 -2,295
1,190   1,679 -489
4,601   5,899 -1,298
2,924   2,907 17
129   237 -108
2,036   2,584 -548
3,796   4,743 -947
2,739   2,791 -52
2,369   2,712 -343
2,911   1,932 979
4,249   4,261 -12
1,320   1,341 -21
2,764   2,452 312
1,051   1,269 -218
625   503 122
1,422   1,435 -13
3,010   3,099 -89
674   593 81
599   624 -25
815   786 29
493   689 -196
906   899 7
746   481 265
976   993 -17
614   456 158
878   805 73
698   839 -141
571   536 35
225   239 -14
576   584 -8
933   814 119
477   479 -2
617   627 -10
1,970   1,996 -26
491   532 -41
1,059   793 266
1,879   1,993 -114
839   914 -75
2,049   2,453 -404
1,115   1,034 81
922   906 16
7,264   4,536 2,728
1,075   1,049 26
8,199   7,035 1,164
2,626   1,751 875
1,201   742 459
287   436 -149
1,927   2,217 -290
1,914   2,021 -107
1,275   1,368 -93
4,251   5,899 -1,648
6,109   3,658 2,451
3,082   3,568 -486
1,258   1,894 -636
2,063   2,078 -15
7,052   5,432 1,620
1,857   2,332 -475
1,750   1,560 190
676   805 -129
1,746   1,278 468
2,132   2,148 -16
1,793   1,678 115
3,414   3,520 -106
857   1,141 -284
5,362   5,502 -140
466   507 -41
991   796 195
1,750   2,009 -259
1,710   1,694 16
1,234   1,190 44
1,392   2,320 -928
3,499   4,660 -1,161
2,129   1,683 446
2,146   2,610 -464
1,455   1,781 -326
873   1,005 -132
1,529   1,555 -26
4,149   2,553 1,596
5,725   7,059 -1,334
3,299   3,374 -75
3,143   2,424 719
3,546   3,590 -44
1,851   1,821 30
1,067   2,389 -1,322
1,709   1,970 -261
4,480   4,358 122
1,088   1,157 -69
4,528   3,532 996
2,435   2,161 274
829   634 195
1,162   1,413 -251
2,010   1,773 237
3,006   2,127 879
3,934   4,419 -485
2,001   1,689 312
1,991   1,954 37
3,486   3,017 469
1,448   1,405 43
1,505   2,264 -759
809   584 225
1,562   1,577 -15
33   34 -1
898   948 -50
2,937   2,497 440
3,460   2,794 666
1,186   1,038 148
1,406   1,219 187
715   368 347
3,360   2,220 1,140
1,242   1,250 -8
1,449   2,643 -1,194
1,962   3,104 -1,142
702   605 97
799   734 65
2,541   2,610 -69
666   557 109
602   723 -121
1,508   1,465 43
1,930   2,869 -939
1,083   8,176 -7,093
217   487 -270
      2,146
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       2
b       -18
c       -51
d       2,372
e       -203
      -196
      450
      5
      292
      167
      79
      -507
      63
      -21
      29
      27
      129
      35
      -12
      90
      575
      -50
      552
       
      122
      -165
      127
      163
      813
      453
      20
      -172
      -1,646
      163
      -94
      -122
      239
      51
      -1
      354
      1,158
      -1,576
      1,373
      -44
      -200
      436
      558
      4
      186
      1,105
      288
      -106
      -64
      146
      15
      148
      55
      323
      -78
      117
      -30
      61
      -14
      -2
      243
      413
      5
      64
      157
      662
      169
      -7
      301
      47
      494
      51
      126
      462
      127
      -839
      48
      1
      -233
      -165
      2,001
      227
      150
      -5,298
      -1,448
      -97
      -666
      -29
      143
      325
      344
      327
      4
      193
      -2,523
      121
      102
      -301
      -47
      -335
      254
      -2,295
      -489
      -1,298
      17
      -108
      -548
      -947
      -52
      -343
      979
      -12
      -21
      312
      -218
      122
      -13
      -89
      81
      -25
      29
      -196
      7
      265
      -17
      158
      73
      -141
      35
      -14
      -8
      119
      -2
      -10
      -26
      -41
      266
      -114
      -75
      -404
      81
      16
      2,728
      26
      1,164
      875
      459
      -149
      -290
      -107
      -93
      -1,648
      2,451
      -486
      -636
      -15
      1,620
      -475
      190
      -129
      468
      -16
      115
      -106
      -284
      -140
      -41
      195
      -259
      16
      44
      -928
      -1,161
      446
      -464
      -326
      -132
      -26
      1,596
      -1,334
      -75
      719
      -44
      30
      -1,322
      -261
      122
      -69
      996
      274
      195
      -251
      237
      879
      -485
      312
      37
      469
      43
      -759
      225
      -15
      -1
      -50
      440
      666
      148
      187
      347
      1,140
      -8
      -1,194
      -1,142
      97
      65
      -69
      109
      -121
      43
      -939
      -7,093
      -270
       
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 -2,494
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 85,192 1,302,977 0.065383
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
20.065383
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
0.065383
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,233,124
5
Multiply line 4 by line 3......................
5
80,625
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
171
7
Add lines 5 and 6........................
7
80,796
8
Enter qualifying distributions from Part XII, line 4.............
8
138,321
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 1 171
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........................... 3 171
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- ..... 5 171
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 916
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 916
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 745
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet86 RefundedBullet 11 659
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWV
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBranch Banking and Trust Company Telephone no.bullet (540) 665-4345

    Located atbullet115 N CAMERON ST FL 2WINCHESTERVA ZIP+4bullet226014729
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRANCH BANKING & TRUST COMPANY TRUSTEE
    10     		17,803    
    115 N CAMERON ST FL 2
    WINCHESTER,VA226014729
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,230,704
    b
    Average of monthly cash balances.......................
    1b
    21,199
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,251,903
    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
    1,251,903
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,779
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,233,124
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    61,656
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    61,656
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    171
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    171
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    61,485
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    61,485
    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
    61,485
    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
    138,321
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    138,321
    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
    171
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    138,150
    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 61,485
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 20,957
    fTotal of lines 3a through e........ 20,957
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 138,321
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 61,485
    e Remaining amount distributed out of corpus 76,836
    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 97,793
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		97,793
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 20,957
    e Excess from 2015.... 76,836
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    FIRST PRESBYTERIAN CHURCH
    ATTN LEWIS RINKER
    MARTINSBURG,WV25401     		NONE N/A GENERAL FUNDS 67,176
    Total .................................bullet 3a 67,176
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 35,551  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 -2,494  
    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)..   33,057  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1333,057
    (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 InvestmentsCorpBondsSchedule
    Name:
    JAMES L BOYD TRUST
    EIN:
    32-6317073
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BOND F 113,437 111,427
    METROPOLITAN WEST TOTAL RETURN 84,868 84,275
    PIMCO FOREIGN BOND FUND CL I 56,248 52,435
    STERLING CAPITAL TOTAL RETURN 184,672 181,535

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JAMES L BOYD TRUST
    EIN:
    32-6317073
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADT CORP 7,554 7,750
    AGCO CORPORATION 6,402 5,765
    ABBOTT LABORATORIES 2,684 3,368
    ABBVIE INC 2,297 3,080
    ACCOR SA SPNS ADR 2,701 2,868
    ADIDAS AG 2,411 3,028
    AEGON NV ORD 4,352 3,028
    ALIBABA GROUP HLDGS SP ADR 3,856 4,470
    ALPHABET INC - CL C 1,648 3,036
    ALPHABET INC - CL A 1,657 3,112
    AMAZON.COM INC 6,149 7,435
    AMERICAN EXPRESS CO 1,155 1,043
    AMGEN INC 2,242 2,435
    ANALOG DEVICES INC 437 387
    ANTHEM INC 2,019 2,789
    ARM HOLDINGS PLC SPNS ADR 2,184 2,081
    ASTRAZENECA PLC 4,665 4,753
    ATOS ORIGIN SA UNSP ADR 3,191 3,500
    AUTODESK INC 2,438 2,864
    AUTOMATIC DATA PROCESSING 971 932
    BANCO BILBAO VIZCAYA SP ADR 3,447 2,646
    BARCLAYS PLC SPNS ADR 3,889 2,851
    BROADRIDGE FINANCIAL SOL LLC 2,497 5,642
    CENTENE CORP 3,044 7,371
    CHICAGO BRIDGE & IRON CO 8,483 6,394
    CHINA MOBILE HK LTD SP ADR 2,307 2,253
    CISCO SYS INC 5,534 5,214
    CLEAN HARBORS INC 9,722 7,247
    COCA COLA CO 3,730 3,780
    DANONE SPNS ADR 3,897 3,843
    DARLING INTERNATIONAL INC 11,095 6,543
    DENSO CORP 3,251 3,385
    DEUTSCHE POST AG SPN ADR 3,695 3,299
    DISCOVER FINANCIAL SERVICES 4,023 3,914
    DUNKIN BRANDS GRP INC 3,003 2,854
    EMBRAER SA 2,801 2,954
    ERICSSON LM TELEPHONE CO ADR 3,418 3,075
    EXPEDITORS INTL WASH INC 3,340 2,977
    FACEBOOK INC - A 5,961 6,384
    FACTSET RESEARCH 2,197 2,113
    FLOWSERVE CORP 7,920 5,681
    GEMALTO NV ADR 2,330 2,402
    GLOBAL LOGISTIC PROP UNS ADR 3,780 3,319
    GRENHILL & CO INC 563 572
    HSBC HOLDINGS PLC SPNS ADR 3,902 3,237
    HANESBRANDS INC 3,660 7,034
    HONEYWELL INTNL INC 4,241 4,246
    HOST MARRIOTT CORP NEW 3,665 2,792
    IDEX CORP 4,460 6,512
    INFINEON TECHNOLOGY 2,291 3,051
    IBM CORP 3,517 3,165
    JOHNSON & JOHNSON 3,459 3,595
    JULIUS BAER GRP LTD 3,109 3,305
    KINDER MORGAN INC 5,941 3,208
    KNOWLES CORP 5,447 4,372
    KONINKLIJKE PHILIPS NV EELCTR 4,177 3,156
    LIXIL GROUP CORP 2,306 2,289
    LOWE'S COMPANIES INC 1,538 1,597
    INTEGRATED PRODUCT 2,482 3,230
    MCDONALDS CORP 1,804 2,245
    MEAD JOHNSON NUTRITION COMPANY 2,525 2,369
    MERCK & CO INC 1,316 1,373
    METLIFE INC 2,591 2,507
    MIICROSOFT CORP 3,576 5,049
    MITSUBISHI ESTATE CO LTD 3,905 3,252
    MONSTER BEVERAGE CORP 4,581 4,916
    MURPHY USA INC 3,665 4,130
    NATIONAL GRID GRP SPN ADR 3,098 3,268
    NEWFIELD EXPLORATION CO 4,397 5,600
    NOVARTIS A G ADR 8,090 8,690
    NOVO-NORDISK A S ADR 3,697 3,949
    OGE ENERGY CORP 6,548 5,942
    OCCIDENTAL PETROLEIM CO 3,091 2,569
    OMNICOM GRP 3,034 3,632
    ORACLE CORP 4,215 4,164
    OTSUKA HOLDINGS LTD 2,825 3,319
    PEPSICO INC 3,072 3,997
    PFIZER INC 2,907 3,260
    POLARIS IND INC 5,024 4,212
    PROCTOR & GAMBLE CO 3,277 3,494
    QUALCOMM INC 8,965 7,148
    ROCHE HOLDING LTD ADR 4,301 4,936
    KONINKLIJKE DSM NV SPNS ADR 4,666 3,167
    ROYAL DUTCH SHELL PLC ADR CL A 3,487 3,572
    KONINKLIJKE KPN NV 3,511 3,565
    SEI INVESTMENTS 3,484 3,720
    SABMILLER PLC 3,187 3,119
    SCHLUMBERGER LTD 2,672 2,511
    SCOTTS CO CL A 2,305 2,580
    SECOM CO LTD 2,566 3,048
    SEIKO EPSON CORP 2,304 2,301
    SEVEN & I HOLDINGS UNSPN ADR 2,682 3,368
    BRITISH SKY BROADCAST - SP ADR 4,124 4,458
    SMITH & NEPHEW PLC SPN ADR 3,052 3,133
    SOCIETE GENERALE FRANCE SPN AD 3,088 2,867
    SPECTRA ENERGY CORP 5,186 3,687
    SUMITOMO MITSUI SPNS ADR 5,476 4,660
    SUNTORY BEVERAGE & FOOD UADR 2,515 3,074
    SYNGENTA AG ADR 3,852 4,330
    THOR INDS INC 3,343 4,829
    RIDEWATER INC 8,663 1,336
    TIME WARNER CABLE INC 1,233 2,598
    THE TIMKEN COMPANY 7,560 5,089
    TORAY IND INC 2,344 3,288
    TOTAL S A SPNS 2,326 2,292
    TRINITY INDUSTRIES 5,246 5,477
    UNIVAIL-RODAMCO SE UNSP ADR 3,322 3,208
    UNILEVER PLC SPNS ADR 4,207 4,441
    UNITED PARCEL SERVICES B 5,809 5,774
    VARIAN MED SYS INC 2,437 2,586
    VERIZON COMMUNICATIONS INC 4,425 4,252
    VISA INC CL A 3,955 5,584
    VIVENDI ADR 3,439 2,848
    VODAFONE GRP PLC SP ADR 6,050 4,355
    WPP PLC 2,390 3,442
    WELLS FARGO & CO 4,087 4,186
    WESTERN DIGITAL CORP 1,517 1,501
    WESTERN UNION COMPANY 5,834 6,609
    WESTROCK CO 5,071 4,015
    WILLIAM HILL PLC UNSP ADR 3,619 3,502
    YUM BRANDS INC 2,362 2,338
    ACCENTURE PLC IRELAND PLC CL A 2,800 3,762
    INVESCO LTD 1,535 1,641
    MARKIT LTD 3,006 3,349
    PENTAIR PLC 4,186 3,913

    TY 2015 InvestmentsOtherSchedule2
    Name:
    JAMES L BOYD TRUST
    EIN:
    32-6317073
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTERNATIONAL SMALL CA AT COST 24,609 25,264
    HOTCHKIS & WILEY HIGH YIELD FU AT COST 31,508 26,755
    ISHARES RUSSELL MIDCAP IND FUN AT COST 23,531 23,066
    ISHARES S&P SMALLCAP 600 INDEX AT COST 7,876 7,708
    LAZARD EMERGING MKTS PORT INST AT COST 18,273 13,536
    NEUBERGER BERMAN STRATEGIC INC AT COST 44,509 42,491
    OPPENHEIMER DEVELOPING MRKTS F AT COST 16,777 14,361
    PIMCO REAL RETURN FUND INST FD AT COST 30,456 28,617
    STERLING CAPITAL CORP FD I AT COST 29,446 28,815
    TOUCHSTONE FOCUSED FD AT COST 9,871 10,724

    TY 2015 OtherIncreasesSchedule
    Name:
    JAMES L BOYD TRUST
    EIN:
    32-6317073
    Description Amount
    MUTUAL FUNDS REC/REP DIFFERENCE 355
    CAPITAL TRNS REC/REP DIFFERENCE 7,363