TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 12-01-2015 , and ending 11-30-2016

Name of foundation
HORNE ELIZABETH D

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907

A Employer identification number

56-6355985

B Telephone number (see instructions)

(910) 914-9108

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$3,825,614J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	107,092		107,092
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		30,444
b	Gross sales price for all assets on line 6a 994,174
7	Capital gain net income (from Part IV, line 2)...			30,444
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	137,536		137,536
13	Compensation of officers, directors, trustees, etc.	46,997		46,997
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		20			20
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,702	2,050		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		532	532
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	51,251		49,579	0	20
25	Contributions, gifts, grants paid.......	199,800				199,800
26	Total expenses and disbursements. Add lines 24 and 25	251,051		49,579	0	199,820
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-113,515
b	Net investment income (if negative, enter -0-)			87,957
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	112
	2	Savings and temporary cash investments.........	14,168	36,540	36,540
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	1,384,123	1,527,104	1,848,102
	c	Investments—corporate bonds (attach schedule).......	1,829,953	1,767,734	1,743,346
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	448,016	231,422	197,626
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,676,372	3,562,800	3,825,614
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	3,676,372	3,562,800
	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).....	3,676,372	3,562,800
	31	Total liabilities and net assets/fund balances (see instructions).	3,676,372	3,562,800

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

3,676,372

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

-113,515

Other increases not included in line 2 (itemize) bullet

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

3,562,857

Decreases not included in line 2 (itemize) bullet

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

3,562,800

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	838. BG GROUP PLC ADR			2016-03-07
b	65. CAMERON INT'L CORP COM			2016-04-04
c	.234 CALIFORNIA RES CORP		2015-08-13	2016-04-13
d	.54 SCHLUMBERGER LTD		2012-06-06	2016-04-20
e	.143 GLOBAL PAYMENTS INC COMMON		2015-01-12	2016-05-03
	.359 GLOBAL PAYMENTS INC COMMON		2015-01-12	2016-05-03
	35. AIA GROUP LTD		2015-01-12	2016-05-09
	71.648 AQR MANAGED FUTURES STRATEGY FUND INST C		2015-08-14	2016-05-09
	4454.79 AQR MANAGED FUTURES STRATEGY FUND INST C			2016-05-09
	2. AIR LEASE CORP COMMON		2015-08-13	2016-05-09
	10. ALPHABET INC CL C			2016-05-09
	73. AMERICAN EXPRESS COMPANY			2016-05-09
	64. AMERICAN EXPRESS COMPANY		2015-08-13	2016-05-09
	1. AMETEK INC COMMON		2015-08-13	2016-05-09
	163. AMPHENOL CORP		2015-10-30	2016-05-09
	9. ANTHEM INC COMMON			2016-05-09
	1. ASPEN TECHNOLOGY INC		2014-11-20	2016-05-09
	2. AUTODESK, INC. COMMON		2015-01-12	2016-05-09
	8. AUTOLIV INC COMMON		2011-12-23	2016-05-09
	251.704 AVENUE CREDIT STRATEGIES FUND			2016-05-09
	4652.394 AVENUE CREDIT STRATEGIES FUND			2016-05-09
	33. BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR		2013-10-09	2016-05-09
	4. BANK OF HAWAII CORP		2015-01-12	2016-05-09
	3. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A		2014-01-22	2016-05-09
	24. BIOGEN INC COMMON			2016-05-09
	1185.562 BLACKROCK EMG MKTS LONG/SHORT EQ-IS		2015-08-14	2016-05-09
	92. BRISTOL MYERS SQUIBB COMPANY			2016-05-09
	2. CEB INC COMMON		2015-01-12	2016-05-09
	75. CDW CORP OF DELAWARE COMMON			2016-05-09
	4. CIT GROUP INC COMMON		2014-11-20	2016-05-09
	54. CSL LTD -SPONSORED ADR			2016-05-09
	128. CVS CORP COMMON			2016-05-09
	2. CABOT MICROELECTRONICS COMMON		2015-01-12	2016-05-09
	1.733 CALIFORNIA RES CORP		2015-08-13	2016-05-09
	9.267 CALIFORNIA RES CORP			2016-05-09
	3. CANADIAN NATL RY CO		2015-01-12	2016-05-09
	1. CENTENE CORP		2015-08-13	2016-05-09
	5. CHEESECAKE FACTORY INC		2015-08-13	2016-05-09
	43. CINTAS CORP		2011-05-11	2016-05-09
	249. COCA COLA COMPANY		2015-08-13	2016-05-09
	101. COGNIZANT TECHNOLOGY SOLUTIONS CORP		2014-11-20	2016-05-09
	871.571 COHEN & STEERS REALTY SHARES INSTITUTION			2016-05-09
	93. COMCAST CORP NEW CL A			2016-05-09
	2. CROWN HOLDINGS INC		2010-06-29	2016-05-09
	133. DANAHER CORP COMMON			2016-05-09
	8. DANAHER CORP COMMON		2015-08-13	2016-05-09
	29. DASSAULT SYSTEMS			2016-05-09
	274.38 DRIEHAUS SELECT CREDIT FUND EXEMPT FOR C			2016-05-09
	5462.079 DRIEHAUS SELECT CREDIT FUND EXEMPT FOR C			2016-05-09
	1. DUNKIN BRANDS GROUP INC		2015-01-12	2016-05-09
	189. EMC CORPORATION COMMON		2015-08-13	2016-05-09
	141. EMC CORPORATION COMMON			2016-05-09
	115. ECOLABS INC			2016-05-09
	41. EQUIFAX INC COMMON		2015-01-12	2016-05-09
	2. EVERSOURCE ENERGY COMMON		2013-10-09	2016-05-09
	124. EXPRESS SCRIPTS HLDG CO			2016-05-09
	1. EXPRESS SCRIPTS HLDG CO		2015-08-13	2016-05-09
	20. FEI COMPANY COMMON		2012-10-26	2016-05-09
	75. FIRST CASH FINANCIAL SERVICES INC COMMON		2015-01-12	2016-05-09
	17. FOOT LOCKER INC. COMMON			2016-05-09
	103.062 FORWARD SALIENT INTERNTL SMALL CAP INST		2015-01-12	2016-05-09
	26. FUCHS PETROLU SE-PREF ADR		2014-03-18	2016-05-09
	251. GENERAL ELECTRIC COMPANY			2016-05-09
	38. GILEAD SCIENCES INC		2015-01-12	2016-05-09
	55. GLOBAL PAYMENTS INC COMMON		2015-01-12	2016-05-09
	105. GOODYEAR TIRE & RUBBER COMPANY			2016-05-09
	3. GRACO INC COMMON		2015-01-12	2016-05-09
	35. HANESBRANDS INC			2016-05-09
	40. JACK HENRY & ASSOCIATES INC COMMON		2015-01-12	2016-05-09
	25. HOST MARRIOTT CORP NEW COM		2015-08-13	2016-05-09
	24. IPG PHOTONICS CORP COMMON			2016-05-09
	1311. ICICI BANK LTD ADR			2016-05-09
	2. ICICI BANK LTD ADR		2015-10-30	2016-05-09
	136. IDEX CORP			2016-05-09
	257. IMPERIAL OIL LTD COMMON			2016-05-09
	406. THE IQ HEDGE MULTI-STRATEGY TRACKER ETF		2015-08-13	2016-05-09
	15. INTERCONTINENTALEXCHANGE COMMON GROUP		2013-02-25	2016-05-09
	59. INTERNATIONAL BUSINESS MACHINES CORP		2015-01-12	2016-05-09
	20. INTERNATIONAL BUSINESS MACHINES CORP		2015-10-30	2016-05-09
	16. ITA UNIBANCO HOLDINGS SPON ADR PFD		2011-12-23	2016-05-09
	4. JGC CORPORATION		2013-10-09	2016-05-09
	16. JOHNSON & JOHNSON		2015-08-13	2016-05-09
	341. KINDER MORGAN INC			2016-05-09
	140. KINDER MORGAN INC			2016-05-09
	23. SA ADR		2015-01-12	2016-05-09
	2. LANDSTAR SYSTEM INC COMMON		2015-08-13	2016-05-09
	1. LIBERTY PPTY TR SH BEN TR		2014-03-18	2016-05-09
	24. LOWES COMPANIES INCORPORATED		2015-08-13	2016-05-09
	168. LOWES COMPANIES INCORPORATED			2016-05-09
	38. M & T BK CORP		2011-05-11	2016-05-09
	8. MEAD JOHNSON NUTRITION CO CL A		2015-10-30	2016-05-09
	14. MEDNAX INC COMMON		2009-08-12	2016-05-09
	3. MITSUBISHI ESTATE LTD ADR		2013-10-09	2016-05-09
	15. MONOTARO CO LTD. UNSP ADR		2014-11-20	2016-05-09
	186. MONSANTO CO COMMON			2016-05-09
	4. MONSANTO CO COMMON		2015-08-13	2016-05-09
	2. NESTLE SA ADR		2015-01-12	2016-05-09
	2. NEWFIELD EXPL CO COM		2014-11-20	2016-05-09
	283. NOVO-NORDISK A S ADR			2016-05-09
	99. OCCIDENTAL PETE CORP			2016-05-09
	21. OCCIDENTAL PETE CORP		2015-08-13	2016-05-09
	77. OIL STATES INTERNATIONAL INC COM			2016-05-09
	20. OMNICOM GROUP INCORPORATED			2016-05-09
	23824.696 PIMCO LOW DURATION INSTITUTIONAL			2016-05-09
	4677.434 PIMCO LOW DURATION INSTITUTIONAL		2015-08-14	2016-05-09
	174.939 PIMCO PIMS FOREIGN BOND FUND		2015-08-14	2016-05-09
	404. PEARSON PLC SPONSORED ADR			2016-05-09
	128. PEARSON PLC SPONSORED ADR		2015-10-30	2016-05-09
	1. PRICELINE.COM INC		2015-08-13	2016-05-09
	8. PRICELINE.COM INC		2012-06-06	2016-05-09
	80. QUALCOMM INC COMMON		2012-06-06	2016-05-09
	179. QUESTAR CORP		2015-01-12	2016-05-09
	54. QUESTAR CORP		2015-08-13	2016-05-09
	3. RLI CORP COMMON		2015-01-12	2016-05-09
	41. RALPH LAUREN CORP COMMON		2015-08-13	2016-05-09
	36. RAY JAMES FINANCIAL, INC. COMMON		2015-08-13	2016-05-09
	96. RAY JAMES FINANCIAL, INC. COMMON			2016-05-09
	2. RBC BEARINGS INC COMMON		2015-01-12	2016-05-09
	4. ROCHE HLDG LTD SPONS ADR		2015-01-12	2016-05-09
	10. ROCKWELL COLLINS INC.			2016-05-09
	40. ROSS STORES INC COM			2016-05-09
	62. SANDS CHINA LTD			2016-05-09
	141. SANDS CHINA LTD			2016-05-09
	1. SAP AKTIENGESELLSCHAFT		2015-01-12	2016-05-09
	148. SCHLUMBERGER LTD		2012-06-06	2016-05-09
	3. SIGNATURE BANK COMMON			2016-05-09
	4. SONOVA HOLDING AG		2014-11-20	2016-05-09
	51. SPECTRA ENERGY CORPORATION		2015-01-12	2016-05-09
	135. STARBUCKS CORPORATIONS COMMON			2016-05-09
	3. SUN HYDRAULICS CORPORATION COMMON		2009-08-12	2016-05-09
	19. SVENSKA HANDELSB-A		2015-10-30	2016-05-09
	744. SVENSKA HANDELSB-A			2016-05-09
	6. SYMRISE AG ADR		2015-01-12	2016-05-09
	86. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR		2014-11-20	2016-05-09
	50. TEXAS INSTRUMENTS INCORPORATED		2015-08-13	2016-05-09
	171. TEXAS INSTRUMENTS INCORPORATED			2016-05-09
	37. TIME WARNER CABLE INC			2016-05-09
	27. TRACTOR SUPPLY COMPANY COMMON		2009-08-12	2016-05-09
	30. TURKIYE GARANTI BANKASI A.S.		2015-01-12	2016-05-09
	301. TWENTY FIRST CENTURY FOX INC COMMON			2016-05-09
	1482. UNICHARM CORP		2011-08-16	2016-05-09
	44. UNILEVER PLC-SPONSORED ADR			2016-05-09
	7. UNITED PARCEL SERVICES B			2016-05-09
	17. VERIZON COMMUNICATIONS INC		2014-11-20	2016-05-09
	108. VISA INC			2016-05-09
	2. WD40 - COMPANY COMMON		2015-01-12	2016-05-09
	176. WOLVERINE WORLD WIDE INC COMMON		2015-01-12	2016-05-09
	34. WYNN RESORTS LTD COMMON			2016-05-09
	14. ALKERMES PLC		2015-08-13	2016-05-09
	101. ALKERMES PLC			2016-05-09
	30. AMDOCS LTD ORD			2016-05-09
	11. ARCH CAPITAL GROUP LTD		2009-08-12	2016-05-09
	13. AXIS CAPITAL HOLDINGS LTD		2012-06-06	2016-05-09
	8. ACCENTURE PLC IRELAND SHS			2016-05-09
	181. SEAGATE TECHNOLOGY PLC			2016-05-09
	105. SEAGATE TECHNOLOGY PLC		2011-07-14	2016-05-09
	35. PERRIGO CO PLC			2016-05-09
	7. PERRIGO CO PLC		2015-10-30	2016-05-09
	11. CHECKPOINT SOFTWARE TECHNOLOGY COMMON		2009-08-12	2016-05-09
	.5 STEVEN MADDEN LTD COMMON		2012-09-13	2016-05-10
	.525 JOHNSON CONTROLS INTERNATIONAL PLC		2016-05-09	2016-08-29
	1599. UNICHARM CORP		2011-08-16	2016-09-09
	23. PACIRA PHARMACEUTICALS INC COMMON		2016-05-09	2016-09-13
	42. FEI COMPANY COMMON		2012-10-26	2016-09-21
	255. ARM HOLDINGS PLC -SPONS ADR			2016-09-22
	104. ARM HOLDINGS PLC -SPONS ADR			2016-09-22
	.64 ADVANSIX INC COMMON		2016-05-09	2016-10-17
	.333 FANUC CORP ADR		2015-10-30	2016-11-08
	.73 ITA UNIBANCO HOLDINGS SPON ADR PFD		2011-12-23	2016-11-17
	.07 ITA UNIBANCO HOLDINGS SPON ADR PFD		2011-12-23	2016-11-25
	.2 ADIENT PLC		2016-10-31	2016-11-25
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	12,731	14,750	-2,019
b	4,295	3,530	765
c
d	41	35	6
e	10	11	-1
	26	26
	797	776	21
	720	775	-55
	44,771	45,675	-904
	63	71	-8
	7,151	4,820	2,331
	4,693	6,620	-1,927
	4,114	5,164	-1,050
	47	56	-9
	9,119	8,896	223
	1,243	948	295
	37	37
	117	116	1
	996	425	571
	2,084	2,595	-511
	38,522	51,563	-13,041
	209	385	-176
	269	225	44
	88	116	-28
	6,442	7,392	-950
	11,275	11,773	-498
	6,604	5,301	1,303
	123	140	-17
	3,063	2,289	774
	129	197	-68
	2,182	978	1,204
	13,606	13,491	115
	83	92	-9
	3	2	1
	15	12	3
	177	198	-21
	61	70	-9
	257	285	-28
	3,925	1,365	2,560
	11,305	10,235	1,070
	6,131	5,225	906
	42,411	36,319	6,092
	5,730	5,060	670
	107	50	57
	12,881	6,818	6,063
	775	725	50
	2,292	1,523	769
	2,146	2,422	-276
	42,713	53,468	-10,755
	47	45	2
	5,087	4,986	101
	3,795	4,139	-344
	13,359	13,369	-10
	4,930	3,390	1,540
	115	83	32
	9,133	8,133	1,000
	74	88	-14
	1,744	1,011	733
	3,567	3,820	-253
	1,054	878	176
	1,782	1,630	152
	270	341	-71
	7,517	4,655	2,862
	3,272	3,899	-627
	3,983	4,054	-71
	2,979	2,722	257
	236	237	-1
	972	813	159
	3,358	2,505	853
	409	481	-72
	2,025	1,496	529
	8,775	7,334	1,441
	13	17	-4
	11,102	10,184	918
	8,025	10,845	-2,820
	11,740	12,004	-264
	3,902	2,309	1,593
	8,709	9,379	-670
	2,952	2,818	134
	135	224	-89
	133	302	-169
	1,818	1,575	243
	5,714	12,217	-6,503
	2,346	4,303	-1,957
	842	766	76
	133	138	-5
	36	37	-1
	1,823	1,709	114
	12,759	8,566	4,193
	4,346	3,323	1,023
	679	656	23
	973	358	615
	58	87	-29
	475	190	285
	16,577	14,682	1,895
	356	413	-57
	147	144	3
	73	68	5
	15,610	10,285	5,325
	7,445	7,735	-290
	1,579	1,531	48
	2,459	3,350	-891
	1,678	958	720
	235,626	247,466	-11,840
	46,260	46,587	-327
	1,786	1,867	-81
	4,712	7,206	-2,494
	1,493	1,716	-223
	1,249	1,290	-41
	9,991	5,081	4,910
	4,085	4,658	-573
	4,474	4,459	15
	1,350	1,156	194
	195	143	52
	3,711	4,807	-1,096
	1,816	2,086	-270
	4,844	5,304	-460
	143	126	17
	124	140	-16
	908	832	76
	2,319	618	1,701
	2,135	2,645	-510
	4,855	8,599	-3,744
	79	66	13
	10,915	9,502	1,413
	394	272	122
	112	122	-10
	1,576	1,700	-124
	7,656	3,986	3,670
	103	37	66
	119	129	-10
	4,679	4,267	412
	97	93	4
	2,009	1,955	54
	2,869	2,534	335
	9,813	5,207	4,606
	7,933	3,405	4,528
	2,546	322	2,224
	77	126	-49
	8,904	10,389	-1,485
	6,061	4,617	1,444
	2,007	1,756	251
	718	585	133
	870	854	16
	8,427	6,612	1,815
	213	168	45
	3,365	5,217	-1,852
	3,064	3,711	-647
	537	957	-420
	3,872	4,380	-508
	1,736	875	861
	773	230	543
	705	423	282
	929	680	249
	3,425	9,142	-5,717
	1,987	1,775	212
	3,307	5,494	-2,187
	661	1,113	-452
	910	301	609
	17	15	2
	24	21	3
	7,907	4,981	2,926
	929	1,136	-207
	4,515	2,122	2,393
	16,983	6,639	10,344
	6,927	4,666	2,261
	10	10
	6	6
	8	9	-1
	1	1
	10	9	1
			11,614

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-2,019
b			765
c
d			6
e			-1

			21
			-55
			-904
			-8
			2,331
			-1,927
			-1,050
			-9
			223
			295

			1
			571
			-511
			-13,041
			-176
			44
			-28
			-950
			-498
			1,303
			-17
			774
			-68
			1,204
			115
			-9
			1
			3
			-21
			-9
			-28
			2,560
			1,070
			906
			6,092
			670
			57
			6,063
			50
			769
			-276
			-10,755
			2
			101
			-344
			-10
			1,540
			32
			1,000
			-14
			733
			-253
			176
			152
			-71
			2,862
			-627
			-71
			257
			-1
			159
			853
			-72
			529
			1,441
			-4
			918
			-2,820
			-264
			1,593
			-670
			134
			-89
			-169
			243
			-6,503
			-1,957
			76
			-5
			-1
			114
			4,193
			1,023
			23
			615
			-29
			285
			1,895
			-57
			3
			5
			5,325
			-290
			48
			-891
			720
			-11,840
			-327
			-81
			-2,494
			-223
			-41
			4,910
			-573
			15
			194
			52
			-1,096
			-270
			-460
			17
			-16
			76
			1,701
			-510
			-3,744
			13
			1,413
			122
			-10
			-124
			3,670
			66
			-10
			412
			4
			54
			335
			4,606
			4,528
			2,224
			-49
			-1,485
			1,444
			251
			133
			16
			1,815
			45
			-1,852
			-647
			-420
			-508
			861
			543
			282
			249
			-5,717
			212
			-2,187
			-452
			609
			2
			3
			2,926
			-207
			2,393
			10,344
			2,261


			-1

			1

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	30,444
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	203,002	4,038,176	0.050271
2013	197,925	4,151,537	0.047675
2012	192,678	4,047,266	0.047607
2011	187,907	3,925,474	0.047869
2010	97,300	3,936,619	0.024717

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

20.218139

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.043628

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

3,833,478

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

167,247

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

880

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

168,127

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

199,820

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	880
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	880
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	880
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,080
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,080
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,200
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax440	Refunded	11	760

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING AND TRUST , C/O WEALTH MANAGMENT Telephone no. bullet

(910) 914-9108

Located at bullet

130 APPLECROSS RDPINEHURSTNC ZIP+4 bullet

28374

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 20	46,997
130 APPLECROSS RD PINEHURST,NC28374	TRUSTEE 20	46,997

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

3,812,794

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

79,062

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

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

3,891,856

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

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

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

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

3,891,856

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

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

58,378

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

3,833,478

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

191,674

Part XI

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

and do not complete this part.)

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

191,674

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

880

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

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

880

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

190,794

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

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

190,794

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

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

190,794

Part XII

Qualifying Distributions (see instructions)

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

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

199,820

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

199,820

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

880

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

198,940

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					190,794
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				199,800
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 199,820
a Applied to 2014, but not more than line 2a				199,800
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.....					20
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					190,774
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CATHOLIC DIOCESE OF RALEIGH 7200 STONEHENGE DRIVE RALEIGH,NC27613	CHARITY	EXEMPT	GENERAL FUNDS	96,150
PARISH COUNCIL OF THE SACRED HEART CHURCH PO BOX 1208 HAMLET,NC28345	CHARITY	EXEMPT	GENERAL FUNDS	7,500
CATHOLIC DIOCESE OF CHARLOTTE P O BOX 36776 CHARLOTTE,NC28203	CHARITY	EXEMPT	GENERAL FUNDS	96,150
Total ................................. 3a				199,800

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	107,092
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	30,444
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)..				137,536

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

13137,536

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

HORNE ELIZABETH D

EIN:

56-6355985

Description	Amount
MUTUAL FUND REPORTED VS RECEIVED	50
HUGH MCRAE LAND TRUST ADJUSTMENT	7

- TIN:

TY 2015 OtherExpensesSchedule

Name:

HORNE ELIZABETH D

EIN:

56-6355985

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSES - 2%	532	532		0

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

HORNE ELIZABETH D

EIN:

56-6355985

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	20			20

- TIN:

TY 2015 TaxesSchedule

Name:

HORNE ELIZABETH D

EIN:

56-6355985

Category	Amount	Net Investment Income
FOREIGN TAXES	1,973	1,973
FEDERAL ESTIMATES - PRINCIPAL	1,652	0
FOREIGN TAXES ON NONQUALIFIED	77	77