TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
THE GOOD SHEPHERDS TRUST FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 835
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
EDISON, GA39846

A Employer identification number

31-1243905

B Telephone number (see instructions)

(229) 835-2964

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$696,120J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	5,750
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	130		130
4	Dividends and interest from securities...	21,561		16,721
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-7,022
b	Gross sales price for all assets on line 6a 1,076,819
7	Capital gain net income (from Part IV, line 2)...			0
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........	20,419		16,851
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,500	2,250	2,250
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,096	2,096	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		8,603	8,603	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	15,199		12,949	2,250
25	Contributions, gifts, grants paid.......	88,100			88,100
26	Total expenses and disbursements. Add lines 24 and 25	103,299		12,949	90,350
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-82,880
b	Net investment income (if negative, enter -0-)			3,902
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	141,489	43,354	43,354
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	682,365	697,620	652,766
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	823,854	740,974	696,120
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	823,854	740,974
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see instructions).....	823,854	740,974
	31	Total liabilities and net assets/fund balances (see instructions).	823,854	740,974

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

823,854

Enter amount from Part I, line 27a .....................

-82,880

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

740,974

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

740,974

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	ISHARES MSCI EAFE	P	2014-06-30	2015-01-15
b	ISHARES MSCI EAFE	P	2014-09-25	2015-01-15
c	ISHARES MSCI EAFE	P	2014-10-13	2015-01-15
d	ISHARES IBOXX $	P	2014-06-17	2015-01-15
e	VANGUARD SMALL CAP VALUE	P	2014-06-30	2015-01-15
	VANGUARD SMALL CAP VALUE	P	2014-09-25	2015-01-15
	VANGUARD SMALL CAP VALUE	P	2014-10-13	2015-01-15
	VANGUARD SMALL CAP	P	2014-06-30	2015-01-15
	VANGUARD SMALL CAP	P	2014-09-25	2015-01-15
	VANGUARD SMALL CAP	P	2014-10-13	2015-01-15
	VANGUARD VALUE ETF	P	2014-06-30	2015-01-15
	VANGUARD VALUE ETF	P	2014-10-13	2015-01-15
	VANGUARD GROWTH ETF	P	2014-06-30	2015-01-15
	VANGUARD GROWTH ETF	P	2014-10-13	2015-01-15
	VANGUARD SHORT TERM BOND	P	2014-06-17	2015-01-15
	SPDR BARCLAYS	P	2014-06-17	2015-01-15
	ISHARES MSCI CDA ETF	P	2015-01-15	2015-03-16
	VANGUARD FINANCIALS ETF	P	2015-01-15	2015-03-16
	VANGUARD INFORMATION	P	2015-01-15	2015-03-16
	WISDOMTREE TRUST JAPAN	P	2015-01-15	2015-03-16
	ISHARES MSCI EMU ETF	P	2015-01-15	2015-03-16
	MATERIALS SELECT SECTOR	P	2015-01-15	2015-03-16
	HEALTH CARE SELECT SPDR	P	2015-01-15	2015-03-16
	CONSUMER DISCRETIONARY	P	2015-01-15	2015-03-16
	SECTOR SPDR INDUSTRIAL	P	2015-01-15	2015-03-16
	ISHARES MSCI CDA ETF	P	2015-01-15	2015-04-02
	ISHARES MSCI SWITZERLAND	P	2015-01-15	2015-04-02
	ISHARES MSCI SWEDEN	P	2015-01-15	2015-04-02
	ISHARES MSCI PACIFIC	P	2015-01-15	2015-04-02
	ISHARES IBOXX $	P	2014-06-17	2015-04-02
	ISHARES IBOXX $	P	2015-03-16	2015-04-02
	ISHARES TIPS	P	2014-06-17	2015-04-02
	ISHARES TIPS	P	2015-01-15	2015-04-02
	ISHARES TIPS	P	2015-03-16	2015-04-02
	VANGUARD FINANCIALS ETF	P	2015-01-15	2015-04-02
	VANGUARD INFORMATION	P	2015-01-15	2015-04-02
	VANGUARD TELECOMM SRVCS	P	2015-01-15	2015-04-02
	WISDOMTREE TRUST JAPAN	P	2015-01-15	2015-04-02
	POWERSHARES GLOBAL	P	2014-06-17	2015-04-02
	POWERSHARES GLOBAL	P	2014-06-17	2015-04-02
	POWERSHARES GLOBAL	P	2014-09-25	2015-04-02
	POWERSHARES GLOBAL	P	2015-01-15	2015-04-02
	POWERSHARES GLOBAL	P	2015-03-16	2015-04-02
	ISHARES 3-7 YEAR	P	2014-06-17	2015-04-02
	ISHARES 3-7 YEAR	P	2014-09-25	2015-04-02
	ISHARES 3-7 YEAR	P	2015-01-15	2015-04-02
	ISHARES 3-7 YEAR	P	2015-03-16	2015-04-02
	ISHARES MBS ETF	P	2014-06-17	2015-04-02
	ISHARES MBS ETF	P	2015-01-15	2015-04-02
	ISHARES MBS ETF	P	2015-03-16	2015-04-02
	VANGUARD SHORT TERM BOND	P	2014-06-17	2015-04-02
	VANGUARD SHORT TERM BOND	P	2015-03-16	2015-04-02
	SPDR BARCLAYS	P	2014-06-17	2015-04-02
	SPDR BARCLAYS	P	2014-09-25	2015-04-02
	POWERSHARES PREFERRED	P	2014-06-17	2015-04-02
	POWERSHARES PREFERRED	P	2015-01-15	2015-04-02
	POWERSHARES PREFERRED	P	2015-03-16	2015-04-02
	MARKET VECTORS EMRG MKTS	P	2014-06-17	2015-04-02
	MARKET VECTORS EMRG MKTS	P	2014-06-17	2015-04-02
	MARKET VECTORS EMRG MKTS	P	2014-09-25	2015-04-02
	MARKET VECTORS EMRG MKTS	P	2015-01-15	2015-04-02
	MARKET VECTORS EMRG MKTS	P	2015-03-16	2015-04-02
	EMERGING GLOBAL SHARES	P	2014-06-30	2015-04-02
	EMERGING GLOBAL SHARES	P	2014-09-25	2015-04-02
	EMERGING GLOBAL SHARES	P	2015-01-15	2015-04-02
	EMERGING GLOBAL SHARES	P	2015-03-16	2015-04-02
	ISHARES INC CORE MSCI	P	2014-06-30	2015-04-02
	ISHARES INC CORE MSCI	P	2014-10-13	2015-04-02
	ISHARES INC CORE MSCI	P	2015-01-15	2015-04-02
	ISHARES INC CORE MSCI	P	2015-03-16	2015-04-02
	ISHARES MSCI U K ETF SHS	P	2015-01-15	2015-04-02
	MATERIALS SELECT SECTOR	P	2015-01-15	2015-04-02
	HEALTH CARE SELECT SPDR	P	2015-01-15	2015-04-02
	SECTOR SPDR CONSMRS STPL	P	2015-01-15	2015-04-02
	SECTOR SPDR CONSMRS STPL	P	2015-03-16	2015-04-02
	CONSUMER DISCRETIONARY	P	2015-01-15	2015-04-02
	SECTOR SPDR ENERGY	P	2015-01-15	2015-04-02
	SECTOR SPDR INDUSTRIAL	P	2015-01-15	2015-04-02
	SECTOR SPDR UTILITIES	P	2015-01-15	2015-04-02
	SECTOR SPDR UTILITIES	P	2015-03-16	2015-04-02
	WISDOMTREE EUROPE HEDGED	P	2015-03-16	2015-04-02
	VANGUARD TOTAL BOND MKT	P	2015-04-02	2015-08-24
	VANGUARD INTERMEDIATE	P	2014-06-17	2015-08-24
	VANGUARD FTSE DEVELOPED	P	2015-04-02	2015-08-24
	VANGUARD MORTGAGE-BACKED	P	2015-04-02	2015-08-24
	VANGUARD TOTAL INTERNATL	P	2015-04-02	2015-08-24
	PROSHARES S&P 500	P	2015-04-02	2015-08-24
	NUV SNTA BARB DIV GRW I	P	2015-04-02	2015-08-24
	NUV SNTA BARB DIV GRW I	P	2015-04-02	2015-08-24
	NUVEEN SANTA BARBARA	P	2015-04-02	2015-08-24
	BRANDES E/MKT VAL A	P		2015-04-09
	DOUBLELINE OPPORTUNISTIC	P		2015-06-10
	ETF VIDENT INTL EQTY ETF	P	2014-12-29	2015-07-08
	ETF VIDENT CORE U S ETF	P	2014-11-04	2015-01-12
	ETF VIDENT CORE U S ETF	P		2015-06-30
	EV COR PLS BD A	P	2014-12-29	2015-01-16
	EV COR PLS BD A	P		2015-04-22
	FS INVESTMENT CORP	P		2015-07-23
	FED PRUDENT BEAR A	P	2015-09-22	2015-11-18
	MTHWS CHINA DIV INVS	P		2015-07-08
	MTHWS CHINA INVS	P	2015-07-09	2015-07-27
	EVENTIDE HC LIFE SCI I	P	2014-12-29	2015-09-22
	NEW YORK REIT INC	P		2015-01-14
	NORTHSTAR RLTY FIN NEW	P	2015-01-16	2015-06-10
	NORTHSTAR REALTY EUROPE	P	2015-11-02	2015-11-09
	NORTHSTAR REALTY EUROPE	P		2015-11-13
	PUTNAM EQ SPECTRUM A	P	2014-12-29	2015-01-30
	ROYAL GOLD INC	P	2015-08-19	2015-10-06
	SPDR DBLLIN T/R TACT ETF	P	2015-09-02	2015-11-05
	TOCQUEVILLE GOLD	P	2015-01-15	2015-03-09
	WSDMTRE EURO HDGD EQ ETF	P	2015-07-10	2015-10-14
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	17,714	20,154	-2,440
b	961	1,032	-71
c	721	729	-8
d	2,926	2,841	85
e	3,464	3,573	-109
	204	202	2
	102	96	6
	7,033	7,242	-209
	370	363	7
	247	227	20
	75,651	74,811	840
	1,313	1,256	57
	74,870	72,941	1,929
	1,524	1,432	92
	4,996	4,968	28
	502	541	-39
	27	27	0
	996	946	50
	745	708	37
	501	431	70
	5,666	5,242	424
	50	47	3
	732	694	38
	1,593	1,452	141
	739	709	30
	1,076	1,051	25
	1,556	1,505	51
	539	488	51
	1,233	1,192	41
	14,372	13,968	404
	365	361	4
	7,651	7,639	12
	4,568	4,569	-1
	457	447	10
	28,573	27,285	1,288
	26,752	25,581	1,171
	5,865	5,584	281
	3,713	3,208	505
	3,698	3,719	-21
	86	86	0
	7,481	7,491	-10
	1,175	1,163	12
	430	417	13
	5,837	5,690	147
	9,439	9,220	219
	9,191	9,230	-39
	745	738	7
	43,843	42,841	1,002
	5,508	5,501	7
	881	878	3
	30,816	30,690	126
	563	561	2
	12,127	12,893	-766
	391	401	-10
	1,949	1,896	53
	134	132	2
	15	15	0
	3,207	3,759	-552
	20	24	-4
	1,766	2,000	-234
	913	954	-41
	589	565	24
	891	916	-25
	27	27	0
	351	330	21
	54	50	4
	2,624	2,745	-121
	50	50	0
	1,139	1,088	51
	99	94	5
	2,925	2,827	98
	3,820	3,692	128
	20,747	19,999	748
	22,734	22,618	116
	393	390	3
	20,987	19,218	1,769
	19,937	18,834	1,103
	30,018	29,439	579
	10,490	11,271	-781
	982	978	4
	5,195	5,242	-47
	3,447	3,504	-57
	3,303	3,280	23
	7,618	8,554	-936
	1,172	1,177	-5
	1,274	1,297	-23
	329	351	-22
	9	10	-1
	2,487	2,704	-217
	23	25	-2
	20,058	20,140	-82
	29,995	32,128	-2,133
	28,467	29,889	-1,422
	24,573	24,573	0
	53,930	54,366	-436
	12,000	11,851	149
	28,294	28,405	-111
	20,909	22,056	-1,147
	33,301	34,871	-1,570
	18,186	20,365	-2,179
	12,722	12,800	-78
	33,910	30,004	3,906
	18,779	19,187	-408
	22,026	22,994	-968
	4	4	0
	13,344	15,979	-2,635
	14,272	15,000	-728
	11,698	12,860	-1,162
	29,869	29,993	-124
	24,526	30,000	-5,474
	17,425	19,260	-1,835
	4,235		4,235

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			-2,440
b			-71
c			-8
d			85
e			-109
			2
			6
			-209
			7
			20
			840
			57
			1,929
			92
			28
			-39
			0
			50
			37
			70
			424
			3
			38
			141
			30
			25
			51
			51
			41
			404
			4
			12
			-1
			10
			1,288
			1,171
			281
			505
			-21
			0
			-10
			12
			13
			147
			219
			-39
			7
			1,002
			7
			3
			126
			2
			-766
			-10
			53
			2
			0
			-552
			-4
			-234
			-41
			24
			-25
			0
			21
			4
			-121
			0
			51
			5
			98
			128
			748
			116
			3
			1,769
			1,103
			579
			-781
			4
			-47
			-57
			23
			-936
			-5
			-23
			-22
			-1
			-217
			-2
			-82
			-2,133
			-1,422
			0
			-436
			149
			-111
			-1,147
			-1,570
			-2,179
			-78
			3,906
			-408
			-968
			0
			-2,635
			-728
			-1,162
			-124
			-5,474
			-1,835
			4,235

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-7,022
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 ...................		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? Yes No

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	17,000	831,913	0.020435
2013	25,000	1,031,023	0.024248
2012	35,000	1,114,329	0.031409
2011	176,000	1,301,711	0.135207
2010	189,500	1,766,592	0.107269

Total of line 1, column (d) .....................

20.318568

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 . . .

0.063714

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

779,153

Multiply line 4 by line 3......................

49,643

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

49,682

Enter qualifying distributions from Part XII, line 4.............

90,350

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	39
	hereand 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	39
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	39
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	902
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	902
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	863
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax863	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

SCOTT TOAL Telephone no. bullet

(229) 835-2964

Located at bullet

PO BOX 835EDISONGA ZIP+4 bullet

39846

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
SCOTT R TOAL	DIRECTOR/SECRETARY 10.00	0	0	0
6830 BUCKLAND ROAD CHARLOTTE,NC28278	DIRECTOR/SECRETARY 10.00	0	0	0
LEONA TOAL	DIRECTOR/PRESIDENT 10.00	0	0	0
PO BOX 835 EDISON,GA31746	DIRECTOR/PRESIDENT 10.00	0	0	0
BRUCE TOAL	DIRECTOR 10.00	0	0	0
PO BOX 835 EDISON,GA31746	DIRECTOR 10.00	0	0	0

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	MAILBOX CLUB - 404 EAGER RD, VALDOSTA, GA 31602	50,000
2	THERE IS MORE MINISTRIES - LIVING WATERS, 7935 PARKWAY RD, BALSAM GROVE, NC 28708	30,000
3	CHRISTIAN FELLOWSHIP INTERNATIONAL - 2820 MIRELLA CT, APT 3104, WINDERMERE, FL 34786	3,000
4	AGAPE DISTRIBUTION - 209 BROOKLYN AVE, SIDNEY, OH 45365	2,500

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

689,364

Average of monthly cash balances.......................

101,654

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

791,018

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

791,018

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

11,865

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

779,153

Minimum investment return. Enter 5% of line 5..................

38,958

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

38,958

Tax on investment income for 2015 from Part VI, line 5......

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

38,919

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

38,919

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

38,919

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

90,350

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

90,350

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

90,311

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)

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					38,919
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	189,500
b From 2011......	176,000
c From 2012......	35,000
d From 2013......	25,000
e From 2014......	17,000
fTotal of lines 3a through e........		442,500
4Qualifying distributions for 2015 from Part
XII, line 4: $ 90,350
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)........		90,350
d Applied to 2015 distributable amount.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		38,919			38,919
(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		493,931
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) ...		150,581
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		343,350
10 Analysis of line 9:
a Excess from 2011....	176,000
b Excess from 2012....	35,000
c Excess from 2013....	25,000
d Excess from 2014....	17,000
e Excess from 2015....	90,350

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

SCOTT R TOAL

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AGAPE DISTRIBUTION PO BOX 808 SIDNEY,OH45365	N/A	501(C)	GENERAL	2,500
CHRISTIAN FELLOWSHIP INTERNATIONAL 2820 MIRELLA COURT APT 3104 WINDERMERE,FL34786	N/A	501(C)	GENERAL	3,000
HIGHLAND CHRISTIAN ACADEMY 2206 EAST HILL AVENUE VALDOSTA,GA31602	N/A	501(C)	GENERAL	1,000
JOSEPH CONNECTION 111 WEST PINEHURST STREET SIDNEY,OH45365	N/A	501(C)	GENERAL	1,600
MAILBOX CLUB 404 EAGER ROAD VALDOSTA,GA31602	N/A	501(C)	GENERAL	50,000
THERE IS MORE MINISTRIES LIVING WATERS HWY 215 BALSAM GROVE,NC28708	N/A	501(C)	GENERAL	30,000
Total ................................. 3a				88,100

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	130
4 Dividends and interest from securities....			14	21,561
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	-7,022
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		14,669	0

13Total. Add line 12, columns (b), (d), and (e)..................

1314,669

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

THE GOOD SHEPHERDS TRUST FOUNDATION

EIN:

31-1243905

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	4,500	2,250		2,250

- TIN:

TY 2015 DistributionFromCorpusElection

Name:

THE GOOD SHEPHERDS TRUST FOUNDATION

EIN:

31-1243905

Election:

ATTENTION: TAX COMMISSIONERTHE GOOD SHEPHERDS TRUST FOUNDATION FEI 31-1243905, IS MAKING AN ELECTION UNDER REGULATION 53.4942(A)-3(D)(2), TO APPLY ALL REMAINING QUALIFYING DISTRIBUTIONS TO CORPUS.

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

THE GOOD SHEPHERDS TRUST FOUNDATION

EIN:

31-1243905

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MERRILL LYNCH MUTUAL FUNDS	AT COST	423,331	408,209
LPL MUTUAL FUNDS	AT COST	274,289	244,557

- TIN:

TY 2015 OtherExpensesSchedule

Name:

THE GOOD SHEPHERDS TRUST FOUNDATION

EIN:

31-1243905

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BROKERAGE FEES	8,603	8,603		0

- TIN:

TY 2015 TaxesSchedule

Name:

THE GOOD SHEPHERDS TRUST FOUNDATION

EIN:

31-1243905

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	96	96		0
INCOME TAXES	2,000	2,000		0