Form990-PF
Click to see attachment

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
FELBURN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O R PHILIPSON CO 8601 GA AVE 1001
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SILVER SPRING, MD20910
A Employer identification number

51-0234331
B Telephone number (see instructions)

(301) 608-3900
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$39,445,821J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 1,044 1,044  
4 Dividends and interest from securities... 838,137 835,297  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 676,511
b Gross sales price for all assets on line 6a 4,225,371
7 Capital gain net income (from Part IV, line 2)... 676,511
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 6,946 6,946  
12 Total. Add lines 1 through 11........ 1,522,638 1,519,798  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 168,000 42,000   126,000
14 Other employee salaries and wages...... 30,000 3,000   27,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 512 0   512
b Accounting fees (attach schedule)....... Click to see attachment 53,450 26,725   26,725
c Other professional fees (attach schedule).... Click to see attachment 209,599 208,718   0
17 Interest............... 439 439   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 54,532 9,143   4,299
19 Depreciation (attach schedule) and depletion... Click to see attachment 739 0  
20 Occupancy.............. 14,981 0   11,236
21 Travel, conferences, and meetings....... 11,581 568   11,013
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 60,873 19,718   41,155
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 604,706 310,311   247,940
25 Contributions, gifts, grants paid....... 994,134 994,134
26 Total expenses and disbursements. Add lines 24 and 25 1,598,840 310,311   1,242,074
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -76,202
b Net investment income (if negative, enter -0-) 1,209,487
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............. 37,403 132,400 132,400
2 Savings and temporary cash investments......... 2,272,038 2,214,633 2,214,633
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,864,859 Click to see attachment4,031,310 4,630,929
c Investments—corporate bonds (attach schedule)....... 1,776,754 Click to see attachment1,655,631 1,726,505
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 28,742,070 Click to see attachment28,594,156 29,126,470
14 Land, buildings, and equipment: basis bullet1,611,299
Less: accumulated depreciation (attach schedule) bullet19,409 1,597,629 Click to see attachment1,591,890 1,591,890
15 Other assets (describe bullet) Click to see attachment31,574 Click to see attachment22,994 Click to see attachment22,994
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,322,327 38,243,014 39,445,821
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) Click to see attachment411 Click to see attachment541
23 Total liabilities (add lines 17 through 22)......... 411 541
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 38,321,916 38,242,473
30 Total net assets or fund balances (see instructions)..... 38,321,916 38,242,473
31 Total liabilities and net assets/fund balances (see instructions). 38,322,327 38,243,014
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
38,321,916
2
Enter amount from Part I, line 27a .....................
2
-76,202
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,245,714
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,241
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
38,242,473
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 NEUBERGER BERMAN      
b NEUBERGER BERMAN      
c PNC BANK      
d PNC BANK      
e BANK OF AMERICA      
BANK OF AMERICA      
MORGAN STANLEY #888-632/14077      
MORGAN STANLEY #888-632/14077      
MORGAN STANLEY #888-632/14077      
MORGAN STANLEY #888-632/14077      
MORGAN STANLEY #888-574/14068      
MORGAN STANLEY 11954/13586      
MORGAN STANLEY 11954/13586      
MORGAN STANLEY 11955/13587      
MORGAN STANLEY 11955/13587      
MORGAN STANLEY 11955/13587      
MORGAN STANLEY 11955/13587      
TPG SPECIALTY LENDING INC P    
TPG SPECIALTY LENDING INC P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 146,659   137,386 9,273
b 132,704   157,208 -24,504
c 83,471   90,000 -6,529
d 814,089   787,490 26,599
e 211,936   206,517 5,419
1,274,065   1,119,938 154,127
13,974   15,045 -1,071
7   15 -8
192,057   229,267 -37,210
192,959   192,959 0
324,982   329,250 -4,268
41,998   82,289 -40,291
57,334   24,361 32,973
29,400   26,292 3,108
4   2 2
32,541   27,159 5,382
42,418   13,749 28,669
129,542   108,970 20,572
    963 -963
505,231     505,231
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       9,273
b       -24,504
c       -6,529
d       26,599
e       5,419
      154,127
      -1,071
      -8
      -37,210
      0
      -4,268
      -40,291
      32,973
      3,108
      2
      5,382
      28,669
      20,572
      -963
      505,231
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 2 676,511
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 1,373,613 38,798,745 0.035404
2013 1,154,714 37,605,896 0.030706
2012 1,479,679 36,479,375 0.040562
2011 1,959,325 36,657,505 0.053449
2010 3,338,456 37,663,671 0.088639
2
Total of line 1, column (d) .....................
20.248760
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
0.049752
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
38,476,934
5
Multiply line 4 by line 3......................
5
1,914,304
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,095
7
Add lines 5 and 6........................
7
1,926,399
8
Enter qualifying distributions from Part XII, line 4.............
8
1,242,074
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 24,190
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 24,190
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 24,190
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 52,390
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 67,390
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 43,200
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet43,200 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)
    bulletVA, SC, FL, NC, GA
    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 ofbulletROBERT PHILIPSON CO Telephone no.bullet (301) 608-3900

    Located atbullet8601 GEORGIA AVE 1001SILVER SPRINGMD ZIP+4bullet20910
    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
     
    No
    ........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
    LARRY J WHITE PRESIDENT/CHMN BOARD/DIR
    20.00     		60,000 0 0
    999 PEACHTREE ST NE
    ATLANTA,GA30309
    GUY MARWICK SEC/TREASURER/EXECUTIVE DI
    40.00     		60,000 0 0
    1515 EAST SILVER SPRINGS BLVD
    OCALA,FL34470
    B KEMP FLOYD VICE PRESIDENT/DIRECTOR
    10.00     		48,000 0 0
    PO BOX 638
    LORIS,SC29569
    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
    37,020,278
    b
    Average of monthly cash balances.......................
    1b
    2,042,599
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,062,877
    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
    39,062,877
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    585,943
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    38,476,934
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,923,847
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,923,847
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    24,190
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,190
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,899,657
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,899,657
    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
    1,899,657
    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
    1,242,074
    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
    1,242,074
    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
    1,242,074
    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 1,899,657
    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...... 835,184
    b From 2011...... 149,295
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 984,479
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,242,074
    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..... 1,242,074
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 657,583 657,583
    (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 5 326,896
    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) ...     		177,601
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		149,295
    10 Analysis of line 9:
    a Excess from 2011.... 149,295
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GUY MARWICK EXECUTIVE DIRECTOR
    1515 SILVER SPRINGS BLVD SUITE 1188
    OCALA,FL34470
    (352) 368-6686
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING, WITH DESCRIPTIONS OF THE APPLICANT AND OF THE PURPOSE OR PROJECT FOR WHICH THE REQUEST IS BEING MADE, A COPY OF THE APPLICANT'S 501(C)(3) LETTER, AND A STATEMENT (IN A FORM PROVIDED BY THE FOUNDATION) THAT GRANT FUNDS WILL BE USED EXCLUSIVELY FOR TAX PERMISSIBLE CHARITABLE PURPOSES.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    ALACHUA CONSERVATION TRUST
    22 SOUTH MAIN ST
    GAINESVILLE,FL32601     		N/A   CHARITABLE - SANTA FE RIVER RESERVE 50,000
    AUCILIA RESEARCH INSTITUTE INC
    555 N JEFFERSON ST
    MONTICELLO,FL32344     		N/A   CHARITABLE - RADIOCARBON DATING 5,300
    COASTAL PLAINS INSTITUTE INC
    1313 MILTON STREET
    TALLAHASSEE,FL32327     		N/A   CHARITABLE - STRIPED NEWT REPATRIATION 18,500
    COLUMBIA COUNTY SCHOOL DISTRICT
    372 W DUVAL STREET
    LAKE CITY,FL32055     		N/A   EDUCATIONAL - ENVIRONMENTAL PARTNERSHIP PROGRAM - FT WHITE MIDDLE SCHOOL 5,000
    COLUMBIA LAND TRUST
    1351 OFFICERS ROW
    VANCOUVER,WA98661     		N/A   CHARITABLE - SUPPORT LAND, FISH AND WILDLIFE CONSERVATION EFFORTSCHARITABLE 75,000
    CONSERVATION TRUST FOR FLORIDA
    1731 NW 6TH STREET SUITE F
    GAINESVILLE,FL32609     		N/A   CHARITABLE - GENERAL SUPPORT 70,000
    CONSERVATION TRUST FOR FLORIDA
    PO BOX 134
    MICANOPY,FL32667     		N/A   CHARITABLE - SILVER SPRINGS FOREST LAND PURCHASE - 4,800 ACRES 250,000
    EAST COOPER LAND TRUST
    PO BOX 2495
    MT PLEASANT,SC29465     		N/A   CHARITABLE - GENERAL SUPPORT 15,000
    FIRST UNITED METHODIST CHURCH - CONWAY BOY SCOUT TROOP
    1214 PINE STREET
    CONWAY,SC29526     		N/A   CHARITABLE - GENERAL SUPPORT (BSA TROOP 804) 2,500
    FLORIDA WILD MAMMAL ASSOCIATION
    198 EDGAR POOLE ROAD
    CRAWFORDVILLE,FL32327     		N/A   CHARITABLE - MEDICAL BUILDING CONSTRUCTION FUND 10,000
    FLORIDA WILDLIFE FEDERATION
    2590 GOLDEN GATE PARKWAY SUITE 105
    NAPLES,FL34105     		N/A   CHARITABLE - WILDLIFE PROTECTION PROGRAM 50,000
    FORT KING HERITAGE ASSOCIATION INC
    3925 EAST FORT KING STREET
    OCALA,FL34470     		N/A   CHARITABLE - LAND PURCHASE - PARCEL A FT KING SITE 2.2 ACRES 80,000
    FRIENDS OF FLORIDA STATE PARKS INC
    3802 EHRLICH ROAD SUITE 308
    TAMPA,FL33624     		N/A   CHARITABLE - EDUCATIONAL PROGRAMS 5,538
    FRIENDS OF SILVER SPRINGS STATE PARK
    1425 NE 58TH AVE
    OCALA,FL34470     		N/A   CHARITABLE - PARADISE PARK 1,030
    FRIENDS OF WEKIVA RIVER
    250 BETSY RUN
    LONGWOOD,FL32779     		N/A   CHARITABLE - FLORIDA BLACK BEAR STUDY 5,000
    GULF ARCHEOLOGY RESEARCH INSTITUTE (GARI)
    5990 N TALLAHASSEE RD
    CRYSTAL RIVER,FL34428     		N/A   CHARITABLE - CHINSEGUT HILL PROPERTY 5,000
    HARRY R E HAMPTON MEMORIAL WILDLIFE FUND INC
    PO 2641
    COLUMBIA,SC29202     		N/A   CHARITABLE - SASSAFRAS MOUNTAIN IMPROVEMENT PROJECT (SC DEPT OF NATURAL RESOURCES) 50,000
    HORRY SOIL & WATER CONSERVATION DISTRICT
    1949 INDUSTRIAL PARK ROAD ROOM 25
    CONWAY,SC29526     		N/A   CHARITABLE - PLAYCARD ENVIRONMENTAL EDUCATION CENTER IMPROVEMENTS & MAINTENANCE 13,400
    HORSE PROTECTION ASSOCIATION OF FLORIDA (HPAF)
    20690 NW 130TH AVE
    MICANOPY,FL32667     		N/A   CHARITABLE - GENERAL SUPPORT 29,000
    HOWARD T ODUM FLORIDA SPRINGS INSTITUTE INC
    5302 NW 156TH AVE
    GAINESVILLE,FL32653     		N/A   CHARITABLE - GENERAL SUPPORT/RESTORATION 12,000
    IDEAS FOR US INC
    1808 HAMMERLIN AVENUE
    WINTER PARK,FL32789     		N/A   CHARITABLE - STUDENT ENVIRONMENTAL CLUBS 15,000
    NATIONAL FOREST FOUNDATION
    BLDG 27 STE 3 FT MISSOULA RD
    MISSOULA,MT59804     		N/A   CHARITABLE - BEAR PROTECTION PROGRAM 20,000
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE
    ARLINGTON,VA22203     		N/A   CHARITABLE - LONG LEAF PINE RESTORATION PROJECT 25,000
    OLD VERO ICE AGE SITES COMMITTEE INC
    PO BOX 351
    VERO BEACH,FL32961     		N/A   CHARITABLE - EXCAVATION EXPENSES 10,000
    RAINFOREST TRUST
    25 HORNER ST
    WARRENTON,VA20186     		N/A   CHARITABLE - GENERAL SUPPORT 25,000
    REEF RELIEF INC
    PO BOX 430
    KEY WEST,FL33041     		N/A   CHARITABLE - CORAL REEF CONSERVATION PROGRAM 5,000
    SILVER RIVER MUSEUM (PUBLIC EDUCATION FOUNDATION OF MARION COUNTY IN)
    1445 N E 58TH AVE
    OCALA,FL34470     		N/A   CHARITABLE - LIGHTING SYSTEM 14,450
    ST JOHNS RIVER WATER MANAGEMENT DISTRICT
    PO BOX 1429
    PALATKA,FL32178     		N/A   CHARITABLE - LOCHLASSA SITE PURCHASE/DONATION 55,044
    THE CONSERVATION FUND
    7204 SE COUNTY ROAD 234
    GAINESVILLE,FL32641     		N/A   CHARITABLE - PARADISE POINT LAND ACQUISITION 10,000
    TRUMPETER SWAN SOCIETY
    3 CLIFFROSE
    LITTLETON,CO80127     		N/A   CHARITABLE - SWAN CONSERVATION PROJECTS 5,000
    TURTLE SURVIVAL ALLIANCE FOUNDATION
    1989 COLONIAL PARKWAY
    FT WORTH,TX76110     		N/A   CHARITABLE - TURTLE (PIT) TAGGING PROGRAM 7,500
    UNIVERSITY OF FLORIDA FOUNDATION
    PO BOX 14425
    GAINESVILLE,FL32604     		N/A   CHARITABLE - FORT CAROLINE PROJECT 15,000
    UNIVERSITY OF FLORIDA FOUNDATION
    PO BOX 14425
    GAINESVILLE,FL32604     		N/A   CHARITABLE - FLORIDA MUSEUM OF NATURAL HISTORY - THOMAS FARM FOSSIL SITE 20,000
    UNIVERSITY OF SOUTH FLORIDA
    4202 E FOWLER AVE
    TAMPA,FL33620     		N/A   CHARITABLE - ARCHAEOLOGICAL SURVEY 6,360
    WITHLACOOCHEE AREA RESIDENTS INC (WAR)
    PO BOX 350 RT 40W
    INGLIS,FL34449     		N/A   CHARITABLE - WITHLACOOCHEE RIVER SHORELINE RESTORATION 5,000
    YANKEETOWN WOMAN'S CLUB
    PO BOX 298
    YANKEETOWN,FL34498     		N/A   CHARITABLE - GENERAL SUPPORT 3,512
    Total .................................bullet 3a 994,134
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 1,044  
    4 Dividends and interest from securities....     14 838,137  
    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.....     18 6,946  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 676,511  
    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 1,522,638 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,522,638
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 53,450 26,725   26,725

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND-BLDG, IMPROV - SALUDA GAP, TRYON, NC 1981-05-15 63,033   L   0 0    
    LAND-SALUDA GAP, TRYON, NC - 0.5 ACRE 1982-12-15 13,000   L   0 0    
    LAND-PARKER PROPERTY - SALUDA GAP, TRYON, NC 1982-06-15 5,800   L   0 0    
    LAND-HARPER PROPERTY-SALUDA GAP, TRYON, NC - 3.33 ACRES 1983-12-15 9,100   L   0 0    
    LAND-KINGSTON SALTPETER CAVE - BARTO - 39.991 ACRES 1983-12-15 50,998   L   0 0    
    LAND-ESTATOE FALLS - PICKENS COUNTY, SC - 25.86 ACRES 1984-12-15 100,000   L   0 0    
    LAND-CAVE AND SPRING PROPERTY - LYON C,- 4.35 ACRES 1986-10-15 51,790   L   0 0    
    LAND-TRULL FALLS PROPERTY - CHEROKEE C - 6.96 ACRES 1988-11-15 22,334   L   0 0    
    LAND-SAUNDERS PROPERTY,FALL CREEK FALLS, MITCHELL CO, NC - 35.58 ACRES 1989-03-15 85,000   L   0 0    
    LIBRARY EQUIPMENT 1994-01-22 800 800 SL 5.000000000000 0 0    
    HEATING & A/C UNIT 1995-07-10 2,485 2,485 SL 7.000000000000 0 0    
    COMPUTER 2000-05-18 2,102 1,920 200DB 5.000000000000 0 0    
    CABINETS 2000-03-01 8,845 7,886 200DB 7.000000000000 0 0    
    LAND-MEYER'S TRACT - CITRUS COUNTY FL - 135.42 ACRES 2001-04-24 765,919   L   0 0    
    LAND-LYNCH PROPERTY - LEVY COUNTY, FL - 10 PARCELS 2003-05-28 372,600   L   0 0    
    LAPTOP COMPUTER 2005-10-27 1,936 1,936 SL 5.000000000000 0 0    
    OFFICE FURNITURE 2009-03-31 1,992 781 SL 7.000000000000 142 0    
    COMPUTERS 2011-12-08 2,984 1,866 SL 5.000000000000 597 0    
    LAND-SAUNDERS PROPERTY ADJACENT, FALL CREEK FALLS, NC,- 13 ACRES 2014-02-13 50,581   L   0 0    

    TY 2015 GeneralExplanationAttachment
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Identifier Return Reference Explanation
      FORM 990 PF - PART IV LINE 1 CAPITAL GAINS & LOSSES DETAILED SCHEDULE OF REALIZED GAINS & LOSSES AVAILABLE UPON REQUEST

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY #888-574/14068 1,339,300 1,425,670
    NEUBERGER BERMAN 316,331 300,835

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY #11954/13586 1,076,954 1,476,973
    MORGAN STANLEY #11955/13587 333,036 333,715
    NEUBERGER BERMAN 2,621,320 2,820,241

    TY 2015 InvestmentsOtherSchedule2
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BANK OF AMERICA I #407858 AT COST 10,553,044 10,113,374
    BLACKSTONE RE DEBT STRATEGIES II TE FEEDER FUND LP AT COST 178,314 172,975
    MARINER-TRICADIA SF OFFSHORE FUND AT COST 375,000 422,883
    MORGAN STANLEY #888-528/14060 AT COST 306,122 428,464
    MORGAN STANLEY #888-632/14077 AT COST 5,775,156 5,565,572
    OCH ZIFF DP OFFSHORE II FUND AT COST 825,000 901,539
    PETERSHILL II OFFSHORE LP AT COST 149,124 156,786
    PNC BANK AT COST 10,432,396 11,364,877
    TPG SPECIALTY LENDING ONSHORE FUND AT COST 0 0

    TY 2015 LandEtcSchedule2
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND-BLDG, IMPROV - SALUDA GAP, TRYON, NC 63,033 0 63,033  
    LAND-SALUDA GAP, TRYON, NC - 0.5 ACRE 13,000 0 13,000  
    LAND-PARKER PROPERTY - SALUDA GAP, TRYON, NC 5,800 0 5,800  
    LAND-HARPER PROPERTY-SALUDA GAP, TRYON, NC - 3.33 ACRES 9,100 0 9,100  
    LAND-KINGSTON SALTPETER CAVE - BARTO - 39.991 ACRES 50,998 0 50,998  
    LAND-ESTATOE FALLS - PICKENS COUNTY, SC - 25.86 ACRES 100,000 0 100,000  
    LAND-CAVE AND SPRING PROPERTY - LYON C,- 4.35 ACRES 51,790 0 51,790  
    LAND-TRULL FALLS PROPERTY - CHEROKEE C - 6.96 ACRES 22,334 0 22,334  
    LAND-SAUNDERS PROPERTY,FALL CREEK FALLS, MITCHELL CO, NC - 35.58 ACRES 85,000 0 85,000  
    LIBRARY EQUIPMENT 800 800 0  
    HEATING & A/C UNIT 2,485 2,485 0  
    COMPUTER 2,102 1,920 182  
    CABINETS 8,845 7,886 959  
    LAND-MEYER'S TRACT - CITRUS COUNTY FL - 135.42 ACRES 765,919 0 765,919  
    LAND-LYNCH PROPERTY - LEVY COUNTY, FL - 10 PARCELS 372,600 0 372,600  
    LAPTOP COMPUTER 1,936 1,936 0  
    OFFICE FURNITURE 1,992 1,919 73  
    COMPUTERS 2,984 2,463 521  
    LAND-SAUNDERS PROPERTY ADJACENT, FALL CREEK FALLS, NC,- 13 ACRES 50,581 0 50,581  


    TY 2015 LegalFeesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 512 0   512


    TY 2015 OtherAssetsSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 31,091 22,993 22,993
    CAPITAL GAINS RECEIVABLE 483 1 1


    TY 2015 OtherDecreasesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Description Amount
    BOOK TO TAX DIFFERENCE - SECURITY BASIS ADJUSTMENTS 3,241


    TY 2015 OtherExpensesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK/WIRE CHARGES 111 0   111
    CUSTODIAL SERVICE FEES 3,000 0   3,000
    INSURANCE 14,343 0   14,343
    LIBRARIAN FEES 18,000 0   18,000
    LIBRARY-SUPPLIES & EXPENSE 227 0   227
    OFFICE SUPPLIES & EXPENSES 993 0   993
    REPAIRS AND MAINTENANCE 3,580 0   3,580
    VEHICLES - GAS, MAINTENANCE & INSURANCE 577 0   577
    AMORTIZATION OF BOND PREMIUMS 13,536 13,536   0
    OTHER DEDUCTIONS FROM PASS-THROUGH ENTITIES 6,182 6,182   0
    BOOKS & PERIODICALS 324 0   324


    TY 2015 OtherIncomeSchedule2
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE RE DEBT STRATEGIES II TE FEEDER FUND LP OTHER PORTFOLIO INCOME 6,747 6,747 6,747
    BLACKSTONE RE DEBT STRATEGIES II TE FEEDER FUND LP CAPITAL GAINS INCOME 199 199 199


    TY 2015 OtherLiabilitiesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT EXPENSES PAYABLE 411 541


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 208,718 208,718   0
    REGISTERED AGENT FEES 881 0   0


    TY 2015 TaxesSchedule
    Name:
    FELBURN FOUNDATION
    EIN:
    51-0234331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 4,299 0   4,299
    STATE CORP FILING FEES 1,090 0   0
    FEDERAL EXCISE TAXES 40,000 0   0
    FOREIGN TAXES ON INVESTMENTS 9,143 9,143   0