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
BILL AND CAROL LATIMER CHARITABLE
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)201 WEST MAIN ST NO E
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
UNION CITY, TN38261
A Employer identification number

20-3450991
B Telephone number (see instructions)

(731) 885-2888
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$106,932,768J 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) 1,432,062
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 9,302 9,302  
4 Dividends and interest from securities... 323,355 323,355  
5a Gross rents............ 117,196 117,196  
b Net rental income or (loss) 117,196
6a Net gain or (loss) from sale of assets not on line 10 -93,065
b Gross sales price for all assets on line 6a 491,394
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)....... Click to see attachment 2,809,298 2,809,298  
12 Total. Add lines 1 through 11........ 4,598,148 3,259,151  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 190,794 29,334   29,334
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 929 929   929
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 15,092 14,382   14,382
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 206,815 44,645   44,645
25 Contributions, gifts, grants paid....... 4,363,293 4,363,293
26 Total expenses and disbursements. Add lines 24 and 25 4,570,108 44,645   4,407,938
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,040
b Net investment income (if negative, enter -0-) 3,214,506
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............. -992 179,186 179,186
2 Savings and temporary cash investments.........   2,000,000 2,000,000
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) bullet167,056
Less: allowance for doubtful accounts bullet0 81,056 167,056 167,056
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)....... 24,661,084 Click to see attachment29,573,317 17,806,990
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 70,717,806 Click to see attachment63,449,278 84,004,462
14 Land, buildings, and equipment: basis bullet859,635
Less: accumulated depreciation (attach schedule) bullet   859,635 Click to see attachment859,635 1,158,800
15 Other assets (describe bullet) Click to see attachment1,498,117 Click to see attachment1,616,274 Click to see attachment1,616,274
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 97,816,706 97,844,746 106,932,768
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.................. 97,816,706 97,844,746
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 97,816,706 97,844,746
31 Total liabilities and net assets/fund balances (see instructions). 97,816,706 97,844,746
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
97,816,706
2
Enter amount from Part I, line 27a .....................
2
28,040
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
97,844,746
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
97,844,746
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 E-TRADE FINANCIAL ACCOUNT #61553816 P 2015-04-17 2015-04-20
b E-TRADE FINANCIAL ACCOUNT #61553816 P 2013-12-19 2015-10-12
c E-TRADE FINANCIAL ACCOUNT #61553816 P 2011-12-13 2015-10-12
d PROJECT BOAT I P 2014-01-01 2015-02-26
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 8,915     8,915
b 10,817   20,223 -9,406
c 175,729   407,751 -232,022
d 295,933   156,485 139,448
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       8,915
b       -9,406
c       -232,022
d       139,448
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 -93,065
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 13,709,873 121,042,450 0.113265
2013 15,356,414 126,456,501 0.121436
2012 11,875,872 116,447,950 0.101984
2011 5,918,007 123,736,174 0.047828
2010 4,527,716 84,584,833 0.053529
2
Total of line 1, column (d) .....................
20.438042
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
0.087608
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
114,071,224
5
Multiply line 4 by line 3......................
5
9,993,552
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
32,145
7
Add lines 5 and 6........................
7
10,025,697
8
Enter qualifying distributions from Part XII, line 4.............
8
4,407,938
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 64,290
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 64,290
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 64,290
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 85,964
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 21,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 107,464
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 532
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 42,642
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet42,642 RefundedBullet 11 0
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)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (731) 885-2888

    Located atbullet201 WEST MAIN ST NO EUNION CITYTN ZIP+4bullet38261
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WILLIAM LATIMER III PRESIDENT
    0.00     		0 0 0
    1312 HONEYSUCKLE DR
    UNION CITY,TN38261
    CAROL LATIMER SECRETARY
    0.00     		0 0 0
    1312 HONEYSUCKLE DR
    UNION CITY,TN38261
    DOUG LATIMER TRUSTEE
    0.00     		0 0 0
    317 ROCK SPRINGS RD
    UNION CITY,TN38261
    JOHN WARNER JR TRUSTEE
    0.00     		0 0 0
    308 W CHURCH ST
    UNION CITY,TN38261
    MARY CARPENTER TRUSTEE
    0.00     		0 0 0
    3517 CAMBRIDGE ST
    UNION CITY,TN38261
    ALFRED H CRESWELL TRUSTEE
    0.00     		0 0 0
    624 EAST REELFOOT AVE
    UNION CITY,TN38261
    HARRY SMITH TRUSTEE
    0.00     		0 0 0
    PO BOX 172079
    MEMPHIS,TN38187
    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
    113,105,410
    b
    Average of monthly cash balances.......................
    1b
    1,544,139
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,158,800
    d
    Total (add lines 1a, b, and c).........................
    1d
    115,808,349
    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
    115,808,349
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,737,125
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    114,071,224
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,703,561
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    5,703,561
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    64,290
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    64,290
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,639,271
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,639,271
    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
    5,639,271
    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
    4,407,938
    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
    4,407,938
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,407,938
    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 5,639,271
    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......  
    b From 2011......  
    c From 2012...... 5,207,558
    d From 2013...... 9,057,601
    e From 2014...... 7,829,666
    fTotal of lines 3a through e........ 22,094,825
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,407,938
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 4,407,938
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 1,231,333 1,231,333
    (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 20,863,492
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		20,863,492
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 3,976,225
    c Excess from 2013.... 9,057,601
    d Excess from 2014.... 7,829,666
    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).)
    WILLIAM LATIMER III
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ASBURY THEOLOGICAL SEMINARY
    204 N LEXINGTON ROAD
    LEXINGTON,KY40390     		  501(C)3 RELIGIOUS 19,181
    BOY SCOUT COTTAGE
    3414 HILLSBORO PIKE PO BOX 150409
    NASHVILLE,TN37215     		  501(C)3 EDUCATIONAL 50,017
    BOY SCOUT- MIDDLE TENNESSEE
    3414 HILLSBORO PIKE PO BOX 150409
    NASHVILLE,TN37215     		  501(C)3 EDUCATIONAL 285,000
    BOY SCOUT- WEST TENNESSEE
    1995 HOLLYWOOD DRIVE
    JACKSON,TN38305     		  501(C)3 EDUCATIONAL 2,500
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607     		  501(C)3 RELIGIOUS 4,790
    CROSSWINDS CHURCH
    4440 BARHAM ROAD
    UNION CITY,TN38261     		  501(C)3 RELIGIOUS 1,000
    CUMBERLAND PRESBYTERIAN MISSION MINISTRY
    8207 TRADITIONAL PLACE
    CORDOVA,TN38016     		  501(C)3 RELIGIOUS 1,000
    DISCOVERY PARK OF AMERICA
    PO BOX 927
    UNION CITY,TN38281     		  501(C)3 RELIGIOUS 5,000
    FAITH HEALTH CENTER
    510 CARRIAGE HOUSE DRIVE
    JACKSON,TN38305     		  501(C)3 RELIGIOUS 24,000
    FELLOWSHIP OF CHRISTIAN ATHLETICS
    8701 LEEDS ROAD
    KANSAS CITY,MO641291680     		  501(C)3 EDUCATIONAL 7,500
    HELPING HANDS
    430 N MILES AVENUE
    UNION CITY,TN38261     		  501(C)3 RELIGIOUS 1,000
    SHILOH BAPTIST CHURCH
    602 MELROSE STREET
    UNION CITY,TN38261     		  501(C)3 RELIGIOUS 229
    STUDENT LOAN PROGRAM - DANNY HUSSEY
    201 WEST MAIN ST
    UNION CITY,TN38261     		  501(C)3 EDUCATIONAL 11,616
    STUDENT LOAN PROGRAM - MACY ELAINE THOMPSON
    201 WEST MAIN ST
    UNION CITY,TN38261     		  501(C)3 EDUCATIONAL 4,665
    TEACH EVERY NATION
    200 ASHFORD CENTER NORTH SUITE 110
    ATLANTA,GA30338     		  501(C)3 RELIGIOUS 3,750,000
    THE JOURNEY CHURCH
    304 N 4TH ST
    MURRAY,KY42071     		  501(C)3 RELIGIOUS 1,000
    TRAINING PASTORS INT'L
    PO BOX 2135
    GRENADA,MS38902     		  501(C)3 EDUCATIONAL 5,000
    UNION CITY HIGH SCHOOL
    1305 HIGH SCHOOL DRIVE
    UNION CITY,TN38261     		  501(C)3 RELIGIOUS 3,500
    UNION UNIVERSITY
    1050 UNION UNIVERSITY DRIVE
    JACKSON,TN38305     		  501(C)3 EDUCATIONAL 12,500
    UTM MALONE SCHOLARSHIP
    554 UNIVERSITY STREET 329 ADMINISTR
    TION BUILDING
    MARTIN,TN38238     		  501(C)3 EDUCATIONAL 1,000
    YFCI
    PO BOX 4555
    ENGLEWOOD,CO80155     		  501(C)3 RELIGIOUS 60,000
    YOUNG LIFE
    PO BOX 520
    COLORADO SPRINGS,CO80901     		  501(C)3 EDUCATIONAL 7,500
    THE BRIDGE OF WEST TENNESSEE
    PO BOX 1208
    UNION CITY,TN382811208     		  501(C)3 RELIGIOUS 1,000
    AFRICAN INLAND MISSION
    600 WESTPARK DRIVE
    PEACHTREE CITY,GA30269     		  501(C)3 RELIGIOUS 5,000
    BILLY GRAHAM TRAINING CENTER AT COVE
    PO BOX 19223 ONE POTERS COVE ROAD
    ASHVILLE,NC28815     		  501(C)3 RELIGIOUS 568
    REELFOOT RURAL MINISTRY
    6923 MINNICK/ELBRIDGE ROAD
    OBION,TN38240     		  501(C)3 RELIGIOUS 12,209
    UNIVERSITY OF TENNESSEE-DENTAL CENTER
    62 SOUTH DUNLAP SUITE 320
    MEMPHIS,TN38163     		  501(C)3 EDUCATIONAL 65,848
    STUDENT LOAN PROGRAM - UNION UNIVERSITY
    201 WEST MAIN ST
    UNION CITY,TN38261     		  501(C)3 EDUCATIONAL 15,670
    STUDENT LOAN PROGRAM - DAVID LIPSCOMB COLLEGE
    201 WEST MAIN ST
    UNION CITY,TN38261     		  501(C)3 CMC - 10/27/16 02:00PM WORKSHEET PRIVATE FOUNDATION 5,000
    Total .................................bullet 3a 4,363,293
    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 ...........     		        9,302
    4 Dividends and interest from securities....         323,355
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         117,196
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....         2,809,298
    8
    Gain or (loss) from sales of assets other than inventory ............     		        -93,065
    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 0 3,166,086
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,166,086
    (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.)
    3 INCOME & GROWTH INVESTMENTS FUND THE TRUST CHARITABLE PURPOSE
    4 INCOME & GROWTH INVESTMENTS FUND THE TRUST CHARITABLE PURPOSE
    5 INCOME & GROWTH INVESTMENTS FUND THE TRUST CHARITABLE PURPOSE
    7 INCOME & GROWTH INVESTMENTS FUND THE TRUST CHARITABLE PURPOSE
    8 INCOME & GROWTH INVESTMENTS FUND THE TRUST CHARITABLE PURPOSE
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    BILL AND CAROL LATIMER CHARITABLE
    FOUNDATION
    Employer identification number

    20-3450991
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    BILL AND CAROL LATIMER CHARITABLE
    FOUNDATION         		Employer identification number
    20-3450991
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    WILLIAM H LATIMER III  
    1312 HONEYSUCKLE DR
     
    UNION CITY, TN38261

    		$ 1,426,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    BILL AND CAROL LATIMER CHARITABLE
    FOUNDATION         		Employer identification number

    20-3450991
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 NONCASH - GREEN PLAINS, INC STOCK (50,000 SHARES) $ 1,426,000 2015-06-25
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    BILL AND CAROL LATIMER CHARITABLE
    FOUNDATION         		Employer identification number

    20-3450991
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GAZPROM 291,160 223,620
    COMMERCE UNION 910,125 910,125
    FISSION ENERGY CORP. 82,948 5,883
    HOPFED BANCORP, INC. 1,132,367 900,000
    OPENTV CORP 278,162 0
    YAMANA GOLD 832,957 148,800
    PAN AMERICAN SILVER CORP 1,208,374 390,000
    ENCANA CORP. 714,274 152,700
    PENGROWTH ENERGY TRUST 1,440,145 73,695
    CANADIAN NATURAL RESOURCES LTD 1,884,777 1,222,480
    COMPANIA VALE DO RIO DOCE 630,373 82,250
    MAG SILVER CORP 248,855 167,322
    PLAINS EXPLORATION & PRODUCTION CO 384,307 0
    PROVIDENT ENERGY TRUST UNIT 1,167,500 435,200
    SILVER STANDARD RESOURCES INC. 220,908 51,800
    SILVER WHEATON CORP 1,595,424 745,200
    CEMEX S A B DE C V 99,170 125,308
    COEUR D ALENE MINES CORP 31,722 0
    CONSOL ENERGY INC 625,176 158,000
    HECLA MINING CO 406,568 75,600
    NRG ENERGY INC 407,666 117,700
    ANGLOGOLD ASHANTI LTD 617,091 106,500
    BERKSHIRE HATHAWAY INC DEL 1,903,258 3,195,368
    BLACKROCK ENERGY & RESOURCES 650,000 323,516
    CHESAPEAKE MIDSTREAM PARTNERS 557,327 591,256
    ENDEAVOUR SILVER CORP COM 287,600 28,400
    GOLDCORP INC 1,223,105 580,601
    US GLOBAL INVESTORS GLOBAL RES 0 0
    WAL-MART STORES INC 2,198,012 2,489,087
    ATP OIL & GAS CORPORATION 379,982 0
    CHESAPEAKE ENERGY CORP 1,573,581 585,000
    GASFRAC ENERGY SERVICES INC 334,938 3
    MARKET VECTORS ETF TR JR GOLD MINES 188,386 24,013
    NOVAGOLD RESOURCES INC NEW 169,206 126,300
    PETROLEO BRASILEIRO SA 201,008 43,000
    TELEFONICA SA 107,565 58,558
    GLENCORE XSTRATA PLC 231,966 41,480
    FIRST MAJESTIC SILVER CORP 314,754 130,800
    VINTAGE PETROLEUM INC 7,990 0
    NORTHERN ORION RESOURCES 95,474 0
    COMMERCE UNION BANCSHARES INC 1,029,332 970,971
    GREEN PLAINS RENEWABLE ENERGY INC 1,426,000 1,145,000
    BREITBURN ENERGY PARTNERS LP 48,808 13,398
    DEVON ENERGY CORPORATION 975,944 704,000
    ENDEAVOUR MINING CORPORATION 6,868 7,681
    NEWMONT MINING CORP 371,016 359,800
    SANDRIDGE ENERGY INC 28,990 13,480
    SILVERCORP METALS INC 52,158 32,900
    PHILLIPS 66 0 245,400
    SEVENTY SEVEN ENERGY INC COM 0 3,375
    LONMIN 0 4
    FISSION 3 0 CORP 0 915
    FREEPORT MCMORAN INC 0 501

    TY 2015 InvestmentsOtherSchedule2
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARCHIPELAGO HOLDINGS LTD AT COST 1,923,833 3,877,519
    PLACER CREEK INVESTORS (BERMUDA) LTD AT COST 1,580,964 1,127,103
    GREENLIGHT CAPITAL OFFSHORE AT COST 1,500,000 3,580,881
    DORSET ENERGY FUND LTD AT COST 1,000,000 1,046,123
    BAY POND AT COST 1,580,964 3,926,086
    TIGER GLOBAL FUND LLC AT COST 926,135 1,926,536
    PLATINUM EQUITY CAPITAL PARTNER AT COST 295,934 2,783,675
    MAPLE LEAF OFFSHORE AT COST 867,103 14,766
    BGBMD ENTERPRISES AT COST 853,494 2,000,000
    ITHAN CREEK AT COST 3,693,379 4,275,147
    ALDEN GLOBAL DISTRESSED OPPORTUNITIES FUND AT COST 2,057,759 6,127,435
    PFM HEALTHCARE OFFSHORE FUND LTD AT COST 2,000,000 3,263,789
    ALDEN GLOBAL VALUE AT COST 3,000,000 3,000,000
    THIRD POINT AT COST 1,797,700 3,555,205
    EQUINOX PARTNERS LP AT COST 0 66,234
    ALKEON GROWTH OFFSHORE AT COST 0 0
    VINCI CAPITAL PARTNERS II-A LP AT COST 3,945,363 2,762,913
    MILLENNIUM INTERNATIONAL LTD AT COST 6,000,000 8,768,460
    BARNEGAT INVESTMENTS LTD AT COST 4,712,909 2,784,903
    PROSPERITY QUEST DIVERSIFIED FUND AT COST 4,000,000 2,472,148
    SOUTHPORT ENERGY PLUS OFFSHORE FUND INC AT COST 0 0
    BTG PACTUAL GLOBAL EMERGING MARKETS AND MACRO FUND LTD AT COST 2,000,000 3,095,626
    SEER CAPITAL PARTNERS OFFSHORE AT COST 0 0
    CANDLEWOOD SPECIAL SITUATIONS AT COST 500,000 635,823
    CITIGROUP VENTURE CAPITAL AT COST 168 0
    GREENLIGHT CAPITAL OFFSHORE AT COST 2,000,000 1,274,775
    RUSSIAN PROSPERITY FUND AT COST 1,000,000 643,884
    TERREBONE PARTNERS, LLC AT COST 520,089 0
    HAWKES BAY INVESTORS AT COST 28,982 0
    TRG GROWTH PARTNERSHIP AT COST 1,335,355 2,280,918
    BLACKGOLD OPPORTUNITY AT COST 2,000,000 1,197,762
    PFM HEALTHCARE OFFSHORE FUND LTD AT COST 1,000,000 1,207,734
    DW CATALYST OFFSHORE FUND, LTD AT COST 2,025,820 1,840,375
    ENDURING ASSETS - WELLINGTON AT COST 2,133,041 1,945,089
    HADLEY HARBOR AT COST 2,117,438 2,317,776
    PIEDMONT PARTNERS - INT'L FUND, LTD DAFNA AT COST 500,000 553,300
    PIEDMONT PARTNERS - MARLIN FUND OFFSHORE II, LTD AT COST 1,500,000 1,360,678
    PIEDMONT PARTNERS - PERSHING SQUARE INT'L, LTD AT COST 1,000,000 824,956
    PIEDMONT PARTNERS - PROPHET PIP OFFSHORE, LTD AT COST 1,500,000 1,642,414
    PIEDMONT PARTNERS - SKI TIME SQUARE, LTD AT COST 500,000 539,268
    TISE PEAK INVESTORS (CAYMAN) AT COST 11,591 0
    LODGING I, LLC AT COST 40,334 0
    PROJECT BOAT I, LLC AT COST 0 0
    GALLEON OFFSHORE LIQUIDATING TRUST AT COST 0 129,170
    GALLEON GIM INTERNATIONAL FUND LTD AT COST 0 8,383
    MAPLE LEAF OFFSHORE PRIVATE INVESTMENT AT COST 0 21,909
    MAVERICK LEVERED FUND AT COST 1 5,125,699
    TEMAS INVESTORS AT COST 921 0
    WESTBROOK L.P. AT COST 1 0

    TY 2015 LandEtcSchedule2
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 859,635 0 859,635 1,158,800


    TY 2015 OtherAssetsSchedule
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    COMMODITIES - PENSON 1,897,725 1,570,116 1,570,116
    MARGIN BALANCE -399,608 46,158 46,158


    TY 2015 OtherExpensesSchedule
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & FEES 11,542 11,542   11,542
    INVESTMENT EXPENSE 2,503 2,503   2,503
    MISCELLANEOUS 1,047 337   337


    TY 2015 OtherIncomeSchedule2
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TIGER GLOBAL PRIVATE INVESTMENT PARTNERS IV, LP 138,156 138,156 138,156
    STUDENT LOAN PAYMENTS 33,145 33,145 33,145
    PENSON SECTION 1256 CONTRACT INCOME 632,411 632,411 632,411
    ITHAN CREEK PFIC 448,987 448,987 448,987
    BAY POND PFIC 1,192,708 1,192,708 1,192,708
    PLACER CREEK PFIC 192,708 192,708 192,708
    TERREBONE PFIC 192,707 192,707 192,707
    TIGER GLOBAL PFIC 3,338 3,338 3,338
    VINCI CAPITAL -85,353 -85,353 -85,353
    TIMBER 128,000 128,000 128,000
    HAWKES BAY INVESTORS PFIC 15,227 15,227 15,227
    SEER PFIC INCOME 65,935 65,935 65,935
    TRG GROWTH PARTNERSHIP 257,225 257,225 257,225
    PLATINUM EQUITY CAPITAL PARTNER -151,763 -151,763 -151,763
    ENDURING ASSETS (WELLINGTON) 133,339 133,339 133,339
    TISE PEAK INVESTORS PFIC 4,492 4,492 4,492
    CAMCAP ENERGY 178,955 178,955 178,955
    CHILTON CHINA 42,998 42,998 42,998
    TAX REFUND 5,970 5,970 5,970
    MAVERICK LEVERDED FUND 1 1 1
    WESTBROOK REAL ESTATE FUND 1 1 1
    TEMAS INVESTORS 921 921 921
    ALKEON GROWTH OFFSHORE 344,365 344,365 344,365
    EQUINOX ENERGY INCOME -741,560 -741,560 -741,560
    SOUTHPORT -394,289 -394,289 -394,289
    FARM INCOME 144,854 144,854 144,854
    DW CATALYST 25,820 25,820 25,820


    TY 2015 TaxesSchedule
    Name:
    BILL AND CAROL LATIMER CHARITABLE
     
    FOUNDATION
    EIN:
    20-3450991
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 23,447 23,447   23,447
    REAL ESTATE TAXES 5,887 5,887   5,887
    FEDERAL INCOME TAX 161,460 0   0