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 M BARNETT JR FOUNDATION INC
PERRY & WALTERS LLP
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 71209
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALBANY, GA31708
A Employer identification number

56-2360848
B Telephone number (see instructions)

(229) 439-4000
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$6,151,577J 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 21,592 21,592  
4 Dividends and interest from securities... 147,518 147,518  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49,934
b Gross sales price for all assets on line 6a 1,638,497
7 Capital gain net income (from Part IV, line 2)... 49,934
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).......      
12 Total. Add lines 1 through 11........ 219,044 219,044  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 3,050 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 7,028 0   7,028
c Other professional fees (attach schedule).... Click to see attachment 112,803 112,803   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,125 3,163   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 362 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 144,368 115,966   7,028
25 Contributions, gifts, grants paid....... 303,800 303,800
26 Total expenses and disbursements. Add lines 24 and 25 448,168 115,966   310,828
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -229,124
b Net investment income (if negative, enter -0-) 103,078
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............. 111,492 99,723 99,723
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 798,536 Click to see attachment584,973 581,829
b Investments—corporate stock (attach schedule)....... 5,116,249 Click to see attachment5,109,284 5,219,116
c Investments—corporate bonds (attach schedule)....... 241,087 Click to see attachment240,340 236,869
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment10,120 Click to see attachment14,040 Click to see attachment14,040
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,277,484 6,048,360 6,151,577
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........ 4,468,047 4,468,047
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 1,809,437 1,580,313
30 Total net assets or fund balances (see instructions)..... 6,277,484 6,048,360
31 Total liabilities and net assets/fund balances (see instructions). 6,277,484 6,048,360
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
6,277,484
2
Enter amount from Part I, line 27a .....................
2
-229,124
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,048,360
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
6,048,360
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 1,184,552   1,209,096 -24,544
b 450,700   379,467 71,233
c 3,245     3,245
d
e
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       -24,544
b       71,233
c       3,245
d
e
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 49,934
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 245,576 6,486,653 0.037859
2013 211,620 5,998,817 0.035277
2012 155,694 5,482,332 0.028399
2011 146,603 5,282,238 0.027754
2010 145,910 4,918,206 0.029667
2
Total of line 1, column (d) .....................
20.158956
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
0.031791
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
6,568,878
5
Multiply line 4 by line 3......................
5
208,831
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,031
7
Add lines 5 and 6........................
7
209,862
8
Enter qualifying distributions from Part XII, line 4.............
8
310,828
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 1,031
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 1,031
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 1,031
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 14,040
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 14,040
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,009
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,040 RefundedBullet 11 11,969
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)
    bulletGA
    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 addressbulletJAMESBARNETTFDN.ORG
    14
    The books are in care ofbulletPERRY WALTERS LLP Telephone no.bullet (229) 439-4000

    Located atbullet212 NORTH WESTOVER BLVDALBANYGA ZIP+4bullet31708
    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
     
    No
    .........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
    JAMES E REYNOLDS JR DIRECTOR
    1.00     		2,000 0 0
    212 N WESTOVER BLVD
    ALBANY,GA31708
    J HUFF CROXTON DIRECTOR
    1.00     		650 0 0
    212 N WESTOVER BLVD
    ALBANY,GA31708
    HELEN KIRBO DIRECTOR
    1.00     		400 0 0
    212 N WESTOVER BLVD
    ALBANY,GA31708
    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.........................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
    6,507,682
    b
    Average of monthly cash balances.......................
    1b
    161,230
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,668,912
    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
    6,668,912
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    100,034
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,568,878
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    328,444
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    328,444
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,031
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,031
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    327,413
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    327,413
    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
    327,413
    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
    310,828
    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
    310,828
    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
    1,031
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    309,797
    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 7 327,413
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 303,040
    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$ 310,828
    a Applied to 2014, but not more than line 2a 303,040
    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..... 7,788
    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 ..........     		319,625
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    JAMES E REYNOLDS JR
    212 N WESTOVER BLVD
    ALBANY,GA31708
    (229) 439-4000
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMITTED IN WRITING TO THE FOUNDATION STATING REASON FOR THE NEED AND GOALS TO BE ACHIEVED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALBANY MUSEUM OF ART
    311 MEADOWLARK DRIVE
    ALBANY,GA31707     		NONE PC VISUAL ARTS SUPPORT 60,750
    ALBANY STATE UNIVERSITY
    504 COLLEGE DRIVE
    ALBANY,GA31705     		NONE PC PROVIDE SCHOLARSHIPS 12,500
    ALBANY SYMPHONY
    504 COLLEGE DRIVE
    ALBANY,GA31707     		NONE PC MUSIC EDUCATION 60,000
    ANDREW COLLEGE
    501 COLLEGE STREET
    CUTHBERT,GA39840     		NONE PC TO PROVIDE SCHOLARSHIPS 12,000
    BRANDON KEITH PLYMEL
    268 NORMAN ESTATES
    MOULTRIE,GA31788     		NONE I SCHOLARSHIP 1,000
    DARTON COLLEGE FOUNDATION
    2400 GILLIONVILLE ROAD
    ALBANY,GA31707     		NONE PC PROVIDE SCHOLARSHIPS 12,000
    EASTMAN SCHOOL OF MUSIC AND ASHLEY DANYEW
    267 OXFORD STREET
    ROCHESTER,NY14607     		NONE I SCHOLARSHIP 2,500
    FLINT RIVERQUARIUM
    101 PINE AVENUE
    ALBANY,GA31701     		NONE PC PROVIDE EDUCATIONAL PROGRAMS 94,000
    JOHN AND HEATHER SPENCER
    2709 WEST MEADE ROAD
    ALBANY,GA31721     		NONE I SCHOLARSHIP 6,000
    KENNETH BECK
    146 DADFORD DRIVE
    ALBANY,GA31721     		NONE I SCHOLARSHIP 1,500
    MARGARET NORBY
    2601 E BONA AVE
    APPLETON,WI54915     		NONE I SCHOLARSHIP 2,500
    MARK WILLIARD
    2202 WESLEY ROAD
    ALBANY,GA31721     		NONE I SCHOLARSHIP 12,000
    ROBERT L BENEDICT
    5045 SPECTACULAR BID DRIVE
    WESLEY CHAPEL,FL33544     		NONE I SCHOLARSHIP 750
    S KYLE MOORE
    523 FLORENCE DRIVE
    MADISON,MS39110     		NONE I SCHOLARSHIP 3,000
    SAMMY ALDAY
    7069 HWY 39 SOUTH
    DONALSONVILLE,GA39845     		NONE I SCHOLARSHIP 2,800
    STERLING R BOYD
    5110 ERIN ROAD
    ATLANTA,GA30331     		NONE I SCHOLARSHIP 500
    THEATRE ALBANY
    514 PINE AVENUE
    ALBANY,GA31701     		NONE PC THEATRICAL PRODUCTION 20,000
    Total .................................bullet 3a 303,800
    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 21,592  
    4 Dividends and interest from securities....     14 147,518  
    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 49,934  
    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).. 0 219,044 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13219,044
    (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:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,028 0   7,028

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE INC 60,584 61,583
    CITIGROUP INC 62,777 60,591
    EXXON MOBIL CORPORATION 54,032 53,573
    GOLDMAN SACHS GRP INC 62,947 61,122

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 7,596 8,668
    ABBVIE INC 5,691 5,391
    ACE LIMITED 30,578 32,367
    ACTIVISION BLIZZARD INC 20,359 38,400
    AETNA INC(NEW) 10,279 13,191
    AFLAC INC 14,258 14,316
    AIA GROUP LTD 25,056 26,998
    AIR LIQUIDE ADR 4,261 3,970
    AIRBUS GROUP ADR 5,890 5,572
    AJINOMOTO INC 3,706 4,620
    AKAMAI TECH INC 13,434 21,052
    AKTIEBOLAGET ELECTROLUX 4,651 3,663
    ALERIAN MLP ETF 98,853 70,275
    ALEXANDRIA REAL ESTATE 17,870 18,795
    ALEXION PHARMACEUTICALS 31,490 33,191
    ALLEGHENY TECHNOLOGIES 10,660 4,286
    ALLERGAN PLC 25,775 26,563
    ALLSTATE CORP 8,978 8,502
    ALLY FINANCIAL INC 4,538 3,821
    ALPHABET INC VOTING 7,769 10,114
    ALPHABET INC NON VOTING 52,257 69,817
    ALTRIA GROUP INC 8,787 10,129
    AMADEUS IT HLDG S A 8,309 8,792
    AMAZON COM INC 23,479 38,526
    AMDOCS LTD 6,038 6,876
    AMERICAN TOWER CORP 71,715 73,682
    AMGEN INC 12,095 12,337
    ANNALY CAPITAL MANAGEMNT 6,426 5,712
    ANTHEM INC 33,418 36,673
    APACHE CORP COMMON 16,232 9,606
    APARTMENT INVESTMENT & 7,102 9,487
    APPLE INC 18,642 30,210
    ARM HOLDINGS PLC 20,651 20,991
    ASML HOLDING NV 19,172 17,044
    ASSA ABLOY AB - ADR 18,886 22,394
    ASSOC BRITISH FOODS 4,637 4,552
    ASTRAZENECA PLC 20,325 19,352
    ATHENAHEALTH INC 23,922 29,940
    AUTODESK INC 8,904 12,613
    AUTOMATIC DATA 22,503 22,705
    AUTOZONE INC 5,904 6,677
    AVALONBAY COMMUNITIES 10,607 12,153
    BANK OF AMERICA CORP 74,293 47,167
    BANK OF CHINA-UNSPON ADR 7,601 7,064
    BAYER AG SPONSORED ADR 5,533 4,869
    BAYERISCHE MOTOREN WERKE 6,494 6,485
    BECTON DICKINSON & CO 23,060 27,890
    BEST BUY CO INC 9,050 7,430
    BIOMARIN PHARMACEUTICAL 16,159 19,485
    BNP PARIBAS ADR 10,759 9,806
    BOEING CO 22,677 26,315
    BORG WARNER INC 6,796 16,168
    BOSTON PROPERTIES INC 8,467 13,774
    BRITISH AMERN TOB PLC 8,679 8,726
    BROADRIDGE FINANCIAL 4,080 4,943
    CAMERON INTERNATINL CRP 8,664 10,049
    CANADIAN NATL RY CO 4,443 4,191
    CAPITAL ONE FINANCIAL 8,228 8,084
    CARE CAP PPTYS INC 1,706 1,498
    CBRE GROUP INC CLASS A 15,319 22,339
    CELGENE CORP 13,586 47,305
    CERNER CORP 34,356 32,672
    CF INDUSTRIES HOLDINGS 12,392 9,998
    CHEVRON CORPORATION 3,762 4,588
    CHIPOTLE MEXICAN GRILL 24,317 18,234
    CIGNA CORPORATION 11,899 17,413
    CISCO SYSTEMS INC 8,091 8,744
    CITIGROUP INC NEW 16,931 16,457
    COMPAGNIE FINANCIERE 17,770 15,344
    COMPUTER SCIENCES CORP 10,679 5,784
    CORNING INC 13,527 11,955
    COSTCO WHSL CORP NEW 20,043 23,741
    CREDIT SUISSE GROUP 3,930 3,232
    CROWN CASTLE 2,908 2,939
    CSRA INC 0 5,280
    CUBESMART 3,515 6,890
    CVS HEALTH 40,149 41,748
    D R HORTON INC 6,130 16,399
    DANONE 10,202 10,248
    DARDEN RESTAURANTS 10,995 18,965
    DBS GROUP HOLDINGS 13,948 10,973
    DDR CORP 4,903 4,833
    DELTA AIR LINES INC NEW 14,954 18,147
    DENSO CORPORATION 6,698 6,862
    DIAGEO PLC 11,873 11,561
    DISCOVER FINANCIAL 15,682 12,976
    DISNEY WALT COMPANY 22,457 26,060
    DUKE ENERGY CORP 12,653 10,851
    DUKE REALTY CORP 4,294 4,645
    ECHOSTAR HOLDING 15,534 13,219
    EDUCATION RLTY TR INC 2,396 2,841
    ELECTRONIC ARTS INC 10,429 9,552
    ENBRIDGE INC 14,285 9,990
    ENTERGY CORP NEW 6,263 5,127
    EPR PPTYS 4,787 4,968
    EQUINIX INC 32,600 40,824
    EQUITY ONE INC 4,902 5,321
    EQUITY RESIDENTIAL 14,280 17,379
    ESSEX PROPERTY TRUST INC 11,746 15,562
    ESSILOR INTL-SPONSORED 6,478 7,398
    EVEREST RE GROUP LTD 15,697 16,661
    EXELON CORPORATION 9,472 7,998
    EXPRESS SCRIPTS HLDG CO 28,976 32,779
    EXTRA SPACE STORAGE INC 2,298 3,440
    EXXON MOBIL CORP 33,056 27,672
    FACEBOOK INC 37,399 48,353
    FACTSET RESEARCH SYSTEMS 24,089 28,612
    FAIRCHILD SEMICON INTL 11,835 13,731
    FANUC CORP 15,270 15,353
    FEDERAL RLTY INVT TR SBI 5,243 5,698
    FIRST INDL RLTY TR INC 4,702 6,064
    FLEXTRONICS INTL 27,835 28,798
    FLIR SYSTEMS INC 16,831 13,895
    FOOT LOCKER INC 6,807 7,811
    FORD MOTOR COMPANY 7,135 6,791
    FREEPORT-MCMORAN INC 13,970 3,487
    GATX CORP 8,102 12,127
    GEMALTO NV SPONSORED ADR 16,375 12,718
    GENERAL ELECTRIC COMPANY 4,872 5,545
    GENERAL GROWTH PPTYS INC 11,178 12,680
    GEO GRP INC/THEFRO 647 463
    GILEAD SCIENCES INC 15,857 18,315
    GIVAUDAN-UNSPON-ADR 5,411 5,293
    GOLDMAN SACHS GROUP INC 32,938 31,180
    GRIFOLS S.A. 9,319 9,331
    HDFC BANK LTD-ADR 7,572 7,638
    HEXCEL CORP NEW 16,034 23,318
    HOME DEPOT INC 6,001 17,854
    HOST HOTELS & RESORTS 8,758 6,995
    HP INC 6,089 4,239
    HUDSON PACIFIC PPTYS INC 2,604 2,561
    HUMANA INC 13,269 16,780
    HUNTINGTON INGALLS 10,056 18,013
    ILLUMINA INC 27,363 29,176
    IMPERIAL TOB GROUP PLC 8,570 9,941
    ING GROEP N V 4,257 3,890
    INTEL CORP 23,987 24,528
    INTERNATIONAL BUSINESS 17,302 14,725
    INTUIT INC 8,379 26,924
    ISHARES ETF 50,382 53,686
    ISHARES CORE U.S. ETF 19,563 20,131
    ISHARES GOLD TRUST 22,528 20,491
    JARDINE MATHESON HLDGS 11,263 9,125
    JOHNSON & JOHNSON 12,062 11,402
    JOY GLOBAL INC 10,307 2,635
    JPMORGAN CHASE & CO 33,578 51,569
    JUNIPER NETWORK INC 5,930 5,906
    KAWASAKI HEAVY INDS 4,177 3,924
    KDDI CORP-UNSPONSORED 4,260 4,595
    KEYENCE CORP 24,668 29,449
    KILROY RLTY CORP 3,153 3,291
    KIMBERLY-CLARK CORP 18,365 20,877
    KROGER COMPANY COMMON 12,982 18,740
    KUBOTA CORP 3,923 3,947
    LEAR CORP 12,547 16,705
    LIBERTY GLOBAL PLC 17,841 17,198
    LINKEDIN CORP CLASS A 26,148 29,711
    LLOYDS BANKING GROUP PLC 15,207 13,459
    LOCKHEED MARTIN CORP 7,021 8,035
    LOREAL CO ADR 16,509 17,246
    LOWES COMPANIES INC 3,904 4,410
    LVMH MOET HENNESSY 6,316 5,953
    LYONDELLBASELL 10,454 10,515
    MACY'S INC 10,715 6,541
    MARUBENI CORP 8,373 6,785
    MCKESSON CORPORATION 14,329 14,003
    MEAD JOHNSON 21,768 17,764
    MEDTRONIC PLC 15,195 15,230
    MEGGITT PLC ADR 7,494 5,342
    MERCK & CO INC NEW 3,036 3,486
    MICROSOFT CORP 20,842 25,687
    MOBILEYE NV 23,135 25,453
    MOHAWK INDS INC 6,331 5,871
    MONSTER BEVERAGE CORP 18,716 20,556
    MORGAN STANLEY & CO 28,713 26,211
    MURATA MANUFACTURING-ADR 17,410 21,206
    NABORS INDUSTRIES LTD 11,118 6,280
    NATIONAL GRID PLC 9,810 9,944
    NESTLE S A REG ADR 14,042 14,140
    NEWFIELD EXPLORATION 17,714 16,508
    NIKE INC CLASS B 9,695 9,438
    NISSAN MTR LTD SPONS-ADR 6,200 7,030
    NORFOLK SOUTHERN CORP 26,686 20,555
    NORTHROP GRUMMAN CORP 10,894 14,916
    NOVARTIS AG 22,462 20,908
    NOVO NORDISK A S ADR 25,012 32,989
    NTT DOCOMO INC ADR 5,922 5,371
    NUANCE COMMUNICATIONS 5,887 6,405
    OSI SYS INC 12,472 15,250
    PEBBLEBROOK HOTEL TR 7,223 4,819
    PERNOD-RICARD SA-UNSPON 17,443 17,651
    PFIZER INCORPORATED 10,652 17,625
    PG&E CORPORATION 6,708 6,596
    PRICELINE GROUP INC 26,206 33,149
    PROGRESSIVE CORP OHIO 14,480 17,172
    PROLOGIS INC 11,262 12,146
    PRUDENTIAL FINANCIAL INC 12,626 11,642
    PRUDENTIAL PLC 13,026 12,758
    PUBLIC STORAGE INC 15,043 20,559
    RAYMOND JAMES FINANCIAL 22,146 26,956
    RAYTHEON COMPANY 11,143 13,325
    RECKITT BENCKISER PLC 4,181 4,854
    RENAISSANCE RE HOLDING 5,656 12,111
    REYNOLDS AMERICAN INC 7,936 9,553
    RIO TINTO PLC 8,595 5,300
    ROCHE HOLDINGS LTD ADR 18,114 16,821
    ROYAL CARIBBEAN 13,005 15,586
    RYDER SYSTEM INC 9,837 8,468
    SAFRAN SA-UNSPON ADR 16,427 18,361
    SALESFORCE.COM 39,991 54,645
    SAMPO OYJ-A SHS UNSP ADR 19,320 20,287
    SAMSONITE INTERNATIONAL 5,908 5,206
    SAP SE-SPONSORED ADR 8,525 10,046
    SAUL CENTERS INC 3,104 2,871
    SCHLUMBERGER LTD 22,696 16,322
    SCHWAB CHARLES CORP NEW 16,121 18,474
    SEALED AIR CORP NEW 24,105 28,589
    SERVICENOW INC 23,151 30,729
    SIMON PROPERTY GROUP 27,667 35,194
    SINGAPORE 5,506 4,841
    SKYWORKS SOLUTIONS INC 6,998 8,835
    SL GREEN RLTY CORP 7,931 9,716
    SMC CORP/JAPAN 20,430 19,838
    SOFTBANK GROUP CORP 19,344 15,111
    SPECTRA ENERGY CORP 16,590 10,175
    SPLUNK INC 23,811 22,818
    STARBUCKS CORP 21,382 34,097
    STIFEL FINANCIAL CORP 18,437 16,351
    STORE CAPITAL CORP 2,254 2,529
    SUMITOMO MITSUI FINL 4,486 4,243
    SUN COMMUNITIES INC 3,209 4,249
    SUNSTONE HOTEL INVESTORS 4,810 4,022
    SVENSKA ADR 6,523 5,406
    SYNOPSYS CORP 11,938 13,227
    SYSMEX CORP UNSPSORED 9,586 14,051
    TAIWAN SEMICONDUCTOR 15,476 15,197
    TARGET CORP 15,285 18,153
    TESORO CORPORATION 9,417 8,851
    THE SOUTHERN COMPANY 12,761 12,493
    TIFFANY & CO NEW 18,319 14,571
    TJX COS INC NEW 19,603 26,591
    TOTAL S.A. SPONS ADR 18,079 15,103
    TREND MICRO INC SPON 6,354 7,806
    UBS AG JERSEY BRH ETN 96,572 65,624
    UBS GROUP AG 5,769 5,133
    UNDER ARMOUR INC CLASS A 14,568 16,203
    UNILEVER PLC SPONS ADR 12,478 13,453
    UNION PACIFIC CORP 32,734 21,896
    UNITED CONTINENTAL 3,488 3,381
    UNITEDHEALTH GROUP 3,349 4,117
    VALERO ENERGY CORP NEW 8,797 12,586
    VALIDUS HOLDINGS LTD 4,571 5,323
    VANTIV INC 10,928 10,575
    VENTAS INC 9,931 9,593
    VEREIT INC 2,112 1,560
    VERIZON COMMUNICATIONS 19,509 18,257
    VISA INC CLASS A 36,166 45,057
    VODAFONE GROUP PLC NEW 15,661 15,259
    VORNADO REALTY TR 3,060 3,998
    WELLS FARGO COMPANY 65,377 43,238
    WELLTOWER INC 9,411 9,388
    WESTERN DIGITAL CORP 5,160 3,063
    XEROX CORP 4,992 4,039
    XILINX INC 15,520 22,546
    BRANDES 780,360 713,102
    IVY FDS INC 28,262 26,315
    IVY FUNDS 31,518 19,791
    MAINGATE MLP FD 253,867 219,921
    PERMANENT PORTFOLIO FD 32,566 28,014
    TEMPLETON INCOME TR 99,063 86,018

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    US Government Securities - End of Year Book Value:

    584,973
    US Government Securities - End of Year Fair Market Value:

    581,829
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 OtherAssetsSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAX 10,120 14,040 14,040


    TY 2015 OtherExpensesSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEETING EXPENSES 123 0   0
    INTERNET EXPENSES 239 0   0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 112,803 112,803   0


    TY 2015 TaxesSchedule
    Name:
    JAMES M BARNETT JR FOUNDATION INC
     
    PERRY & WALTERS LLP
    EIN:
    56-2360848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,163 3,163   0
    EXCISE TAXES ESTIMATES 17,962 0   0