Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 07-01-2015 , and ending 06-30-2016
Name of foundation
THE SOLON AND MARTHA DIXON FD
 
Number and street (or P.O. box number if mail is not delivered to street address)PODRAWER 990
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ANDALUSIA, AL36420
A Employer identification number

63-0812726
B Telephone number (see instructions)

(334) 222-3138
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$20,436,186J 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 206,841 206,841  
4 Dividends and interest from securities... 310,159 310,159  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 369,395
b Gross sales price for all assets on line 6a 5,002,720
7 Capital gain net income (from Part IV, line 2)... 369,395
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 5,786 5,786  
12 Total. Add lines 1 through 11........ 892,181 892,181  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 88,000 35,200   52,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 14,000 9,100   4,900
c Other professional fees (attach schedule).... Click to see attachment 187,493 187,493    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,833 7,815    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 800 480   320
21 Travel, conferences, and meetings....... 1,805     1,805
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,975 1,214   1,681
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 315,906 241,302   61,506
25 Contributions, gifts, grants paid....... 861,970 861,970
26 Total expenses and disbursements. Add lines 24 and 25 1,177,876 241,302   923,476
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -285,695
b Net investment income (if negative, enter -0-) 650,879
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............. 1,078,232 1,549,002 1,549,002
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   11,198 11,198
10a Investments—U.S. and state government obligations (attach schedule) 2,093,471 Click to see attachment2,100,083 2,085,458
b Investments—corporate stock (attach schedule)....... 11,112,214 Click to see attachment10,431,271 13,538,839
c Investments—corporate bonds (attach schedule)....... 2,729,302 Click to see attachment2,617,050 2,770,987
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 357 Click to see attachment8,014 8,014
14 Land, buildings, and equipment: basis bullet472,688
Less: accumulated depreciation (attach schedule) bullet   472,688 Click to see attachment472,688 472,688
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,486,264 17,189,306 20,436,186
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 attachment15,995 Click to see attachment4,732
23 Total liabilities (add lines 17 through 22)......... 15,995 4,732
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 17,470,269 17,184,574
30 Total net assets or fund balances (see instructions)..... 17,470,269 17,184,574
31 Total liabilities and net assets/fund balances (see instructions). 17,486,264 17,189,306
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
17,470,269
2
Enter amount from Part I, line 27a .....................
2
-285,695
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
17,184,574
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
17,184,574
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a "PUBLICLY TRADED SECURITIES" P 2014-07-01 2016-06-30
b BRANDES INVESTMENT PARTNERS LP P 2014-07-01 2016-06-30
c CAPSTONE ASSET MANAGEMENT P 2014-07-01 2016-06-30
d EADS AND HEALD INVESTMENT COUNSEL P 2014-07-01 2016-06-30
e FEDERATED INVESTMENT COUNSELING P 2014-07-01 2016-06-30
FORWARD MANAGEMENT, LLC P 2014-07-01 2016-06-30
INVESCO ADVISERS, INC. P 2014-07-01 2016-06-30
KAYNE ANDERSON RUDNICK INV. MGMT. P 2014-07-01 2016-06-30
SECURITIES LITIGATION SETTLEMENTS P 2014-07-01 2016-06-30
(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        
b 1,238,438   1,114,869 123,569
c 1,716,165   1,750,240 -34,075
d 776,678   434,154 342,524
e 315,035   300,349 14,686
333,562   443,958 -110,396
206,441   267,475 -61,034
416,263   322,280 93,983
138     138
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        
b       123,569
c       -34,075
d       342,524
e       14,686
      -110,396
      -61,034
      93,983
      138
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 2 369,395
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 945,620 21,062,192 0.044897
2013 993,813 20,136,626 0.049354
2012 880,334 18,355,371 0.047961
2011 814,390 17,096,023 0.047636
2010 820,473 17,159,116 0.047816
2
Total of line 1, column (d) .....................
20.237664
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
0.047533
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
19,944,325
5
Multiply line 4 by line 3......................
5
948,014
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,509
7
Add lines 5 and 6........................
7
954,523
8
Enter qualifying distributions from Part XII, line 4.............
8
923,476
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 13,018
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  
3 Add lines 1 and 2........................... 3 13,018
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,018
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 24,300
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,300
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 84
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 11,198
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet11,198 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletAL
    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 addressbulletNONE
    14
    The books are in care ofbulletWHITE MCCLUNG LLC CPAS Telephone no.bullet (334) 222-3138

    Located atbullet218 SOUTH THREE NOTCH STREETANDALUSIAAL ZIP+4bullet364201219
    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
     
     
    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
    DORIS B TYLER PRESIDENT
    6.00     		51,200 0 0
    PO DRAWER 990
    PO DRAWER 990
    ANDALUSIA,AL364201219
    FRANK MCGUIRE VICE PRESIDE
    1.50     		9,200 0 0
    PO DRAWER 990
    PO DRAWER 990
    ANDALUSIA,AL364201219
    LOUISA M BAKER SECRETARY
    1.50     		9,200 0 0
    PO DRAWER 990
    PO DRAWER 990
    ANDALUSIA,AL364201219
    PHILLIP G JONES TREASURER/EX
    6.00     		9,200 0 0
    PO DRAWER 990
    PO DRAWER 990
    ANDALUSIA,AL364201219
    EVERETT E JOHNSON DIRECTOR
    1.50     		9,200 0 0
    PO DRAWER 990
    PO DRAWER 990
    ANDALUSIA,AL364201219
    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  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    18,384,679
    b
    Average of monthly cash balances.......................
    1b
    1,386,038
    c
    Fair market value of all other assets (see instructions)................
    1c
    477,329
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,248,046
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    20,248,046
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    303,721
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,944,325
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    997,216
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    997,216
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    13,018
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,018
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    984,198
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    984,198
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    984,198
    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
    923,476
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    923,476
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    923,476
    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 7 984,198
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 865,188
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 923,476
    a Applied to 2014, but not more than line 2a 865,188
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 58,288
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		925,910
    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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DORIS B TYLER PRESIDENT
    PO DRAWER 990
    ANDALUSIA,AL36420
    (334) 222-3138
    bThe form in which applications should be submitted and information and materials they should include:
    A LETTER OF REQUEST DETAILING THE TAX EXEMPT PURPOSE OF THE ENTITY AND THE PROJECT BEING UNDERTAKEN; WHO WILL BENEFIT FROM THE PROJECT; OTHER ENTITIES WHO WILL BE PARTICIPATING IN THE PROJECT; AMOUNT THAT THE REQUESTING ENTITY WILL BE CONTRIBUTING TO THE PROJECT AND THE AMOUNT WHICH THE ENTITY WILL BE REQUESTING FROM THIS FOUNDATION. IN THE NARRATIVE DESCRIBING THE PROJECT, THE ENTITY SHOULD STATE THE START-UP DATE OF THE PROJECT AND THE ESTIMATED COMPLETION DATE OF THE PROJECT. THE ENTITY IS TO INFORM THE FOUNDATION OF THE SUCCESS OF THE PROJECT AND PROVIDE APPROPRIATE PICTURES. IN ADDITION TO THE LETTER OF REQUEST, THE TAX EXEMPT ENTITY SHOULD ENCLOSE THE FOLLOWING DOCUMENTS: 1. LIST OF THE ENTITY'S CURRENT OFFICERS AND BOARD OF DIRECTORS. 2. COPY OF ENTITY'S 501(C)(3) DETERMINATION LETTER. 3. ENTITY'S LAST YEAR END FINANCIAL STATEMENTS. 4. ENTITY'S LAST FORM 990 OR FORM 990-EZ SUBMITTED TO THE IRS.
    cAny submission deadlines:
    REQUESTS TO THE FOUNDATION SHOULD BE SUBMITTED ON OR BEFORE SEPTEMBER 1ST, NOVEMBER 30TH, FEBRUARY 2
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION'S CHARITABLE PURPOSE SEEKS TO SUPPORT AND PROMOTE THE CULTIVATION AND GROWTH OF FORESTS AS A NATURAL RESOURCE, AND TO SUPPORT AND PROMOTE EDUCATIONAL ACTIVITIES WHICH DEVELOP AND IMPLEMENT SYSTEMATIC FOREST MANAGEMENT INFORMATION FOR THE PRODUCTION OF TIMBER PRODUCTS AND AT THE SAME TIME PROMOTE CONSERVATION OF SUCH NATURAL RESOURCES, AND TO FOSTER ECOLOGICAL DEVELOPMENT OF CO-EXISTENCE BETWEEN TIMBER RESOURCES AND DISTRIBUTIONS OF HUMAN, SOCIAL AND CULTURAL PATTERNS. THE FOUNDATION ALSO CONSIDERS SCIENTIFIC AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3). PRIORITY IS GIVEN TO AUBURN UNIVERSITY'S SCHOOL OF FORESTRY AND WILDLIFE SCIENCES; LYMAN WARD MILITARY ACADEMY; AND GOVERNMENT AND RELATED AGENCIES, EDUCATION SYSTEMS AND CHARITABLE ENTITIES, ALL WITHIN COVINGTON COUNTY, AL.
    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
    ALABAMA PUBLIC TELEVISION
    2112 11TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		NONE TAX EXEMPT SUPPORT FOR PURPOSE OF ENTITY 2,000
    AMERICAN RED CROSS
    234 HILLCREST DRIVE
    ANDALUSIA,AL36420     		NONE TAX EXEMPT FIRES, DISASTERS AND TRAINING 15,000
    DISTINGUISHED YOUNG WOMEN-COV CNTY
    P O BOX 1693
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR SCHOLARSHIP PROGRAM 5,000
    AL-FL COUNCIL BOY SCOUTS OF AMERICA
    P O BOX 1742
    ANDALUSIA,AL36420     		NONE TAX EXEMPT GOLDEN EAGLE DINNER AND FUND DRIVE 1,000
    ANDALUSIA AREA HUMANE SOCIETY
    411 PEARL STREET
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR PURPOSE OF ENTITY 500
    ANDALUSIA BALLET ASSOC
    1216 EAST THREE NOTCH ST
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SPONSOR PERFORMERS & GUEST DANCERS 6,000
    ANDALUSIA CITY BOARD OF EDUCATION
    122 SIXTH AVENUE
    ANDALUSIA,AL36420     		NONE EDUCATION 80 SMART TELEVISIONS FOR MASS COMMUN 20,000
    CITY OF ANDALUSIA
    505 EAST THREE NOTCH ST
    ANDALUSIA,AL36420     		NONE GOV ANNUAL SENIOR APPRECIATION DAY 1,000
    COVINGTON CNTY ARTS COUNCIL
    1000 DANNELLY BLVD
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR ARTISTIC PERFORMANCES 6,500
    COVINGTON CNTY COMMISSION
    260 HILLCREST DRIVE
    ANDALUSIA,AL36420     		NONE GOV SUPPORT FOR THE 2014 HONOR FLIGHT 4,000
    SAV-A-LIFE FAMILY HOPE CENTER
    P O BOX 487
    ANDALUSIA,AL36420     		NONE TAX EXEMPT BIRTH OF A CHILD 10,000
    EASTER SEALS CAMP ASCCA
    P O BOX 21
    JACKSONS GAP,AL36861     		NONE TAX EXEMPT STORM SHELTER PART II 20,000
    COVINGTON COUNTY SCHOOLS
    P O BOX 460
    ANDALUSIA,AL36420     		NONE EDUCATION COMPASSLEARNING ODYSSEY 36,240
    COVINGTON COUNTY SCHOOLS
    P O BOX 460
    ANDALUSIA,AL36420     		NONE EDUCATION PHS - GIRL'S SOFTBALL PLAYING FIELD 16,500
    COVINGTON COUNTY SCHOOLS
    P O BOX 460
    ANDALUSIA,AL36420     		NONE EDUCATION STRAUGH H S-STRING BAND EQUIPMENT 10,000
    COVINGTON COUNTY SCHOOLS
    P O BOX 460
    ANDALUSIA,AL36420     		NONE EDUCATION STRAUGHN H S-PROMETHEAN SMART BRDS. 40,000
    FRIENDS OF OPP PUBLIC LIBRARY
    1604 N MAIN STREET
    OPP,AL36467     		NONE TAX EXEMPT OPP PUBLIC LIBRARY BOOKS & EQUIPMENT 8,500
    ANDALUSIA COMMUNITY CHRISTMAS
    P O BOX 1525
    ANDALUSIA,AL36420     		NONE TAX EXEMPT CHRISTMAS FOR COMMUNITY CHILDREN 2,500
    LBW COMMUNITY COLLEGE
    P O DRAWER 1418
    ANDALUSIA,AL36420     		NONE EDUCATION RENOVATION OF PERFORMING ARTS CTR 91,300
    LBW COMMUNITY COLLEGE
    P O DRAWER 1418
    ANDALUSIA,AL36420     		NONE EDUCATION EQUIPMENT FOR FOREST TECH PROGRAM 34,280
    MEREDITH'S MIRACLES INC
    P O BOX 2032
    ANDALUSIA,AL36420     		NONE TAX EXEMPT FINANCIAL SUPPORT SICK/INJURED CHILD 10,000
    THE FULL TUMMY PROJECT OF COV CNTY
    223 SOUTH THREE NOTCH ST
    ANDALUSIA,AL36420     		NONE TAX EXEMPT HUNGER AND FOOD NEEDS OF CHILDREN 1,000
    PILOTS FOR CHRIST INC
    P O BOX 707
    MONROEVILLE,AL36461     		NONE TAX EXEMPT SUPPORT AVIATION MINISTRY 33,500
    DISCOVERING AL MUSEUM
    103 SMITH HALL
    TUSCALOOSA,AL35487     		NONE EDUCATION PROMOTE NATURAL SCIENCE/CONSERVATION 50,000
    VOLUNTEERS OF AMERICA OF SOUTHEAST
    600 AZALEA
    MOBILE,AL36609     		NONE TAX EXEMPT THANKSGIVING/CHRISTMAS MEALS-ELDERLY 4,000
    COVINGTON CNTY UNITED FD
    P O BOX 667
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR PURPOSE OF ENTITY 6,500
    ALABAMA SCOTTISH RITE FOUNDATION
    400 VALLEY AVENUE
    BIRMINGHAM,AL35209     		NONE TAX EXEMPT SUPPORT DYSLEXIA PROGRAM IN ALABAMA 6,000
    COV CNTY RELAY FOR LIFE
    P O BOX 280
    ANDALUSIA,AL36420     		NONE TAX EXEMPT CANCER RESEARCH, EDUCATION & ADVOCAC 1,000
    THE LONG LEAF ALLIANCE
    12130 DIXON CENTER ROAD
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR PURPOSE OF ENTITY 1,000
    COV CNTY COOP EXTENSION SERVICE
    P O BOX 519
    ANDALUSIA,AL36420     		NONE EDUCATION SUPPORT FOR 4-H PROGRAM 15,000
    FAITH BROADCASTING INC
    P O BOX 210789
    MONTGOMERY,AL36121     		NONE TAX EXEMPT SUPPORT CHRISTIAN BROADCAST MINISTRY 12,900
    LOWER AL ARTS COALITION
    P O BOX 1963
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT VISUAL & MUSICAL ARTS 20,000
    SOUTH CENTRAL AL MENTAL HEALTH CTR
    205 ACADEMY DRIVE
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR COMMUNITIES CARING 2015 1,000
    COV CNTY FORESTRY COMMITTEE
    1803 DR MLK JR EXPY
    ANDALUSIA,AL36420     		NONE GOV WALK IN THE FOREST FOR SCHOOLS 2,500
    LUCILE PIERCE FAMILY LITERACY & RES
    102 EAST IDA AVENUE
    OPP,AL36467     		NONE TAX EXEMPT LITERACY NEEDS FOR ADULTS 250
    EXPONENT PHILANTHROPY
    1720 N STREET NW
    WASHINGTON,DC20036     		NONE TAX EXEMPT SUPPORT FOR PURPOSE OF ENTITY 1,000
    OPP CULTURAL ARTS CENTER
    107 SOUTH MAIN ST
    OPP,AL36467     		NONE TAX EXEMPT CHILDREN'S ART PROGRAM, ADULT ART/MU 20,000
    HABITAT FOR HUMANITY OF COV COUNTY
    PO BOX 1034
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT FOR PURPOSE OF ENTITY 15,000
    OPPORTUNITY HOUSE INC
    PO BOX 397
    ANDALUSIA,AL36420     		NONE TAX EXEMPT SUPPORT VICTIMS OF DOMESTIC VIOLENCE 23,500
    COVINGTON COUNTY SHERIFF'S POSSE
    260 HILLCREST DRIVE
    ANDALUSIA,AL36420     		NONE GOV EQUIPMENT FOR SEARCH, RESCUE & TRACK 17,500
    LYMAN WARD MILITARY ACADEMY
    PO DRAWER 550
    CAMP HILL,AL36850     		NONE EDUCATION IMPLEMENTATION OF TECH IN CLASSROOMS 150,000
    LYMAN WARD MILITARY ACADEMY
    PO DRAWER 550
    CAMP HILL,AL36850     		NONE EDUCATION BRICK REPAIR TO TALLAPOOSA HALL 75,000
    CITY OF OPP ALABAMA
    PO BOX 610
    OPP,AL36467     		NONE GOV CONSTRUCTION OF MUNICIPAL POOL 50,000
    SOUTH ALABAMA REGIONAL AIRPORT
    21861 BILL BENTON LANE
    ANDALUSIA,AL36420     		NONE GOV IMPROVEMENTS-FLIGHT OPERATIONS BLDG 15,000
    Total .................................bullet 3a 861,970
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 206,841  
    4 Dividends and interest from securities....     14 310,159  
    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.....     15 2,145  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 369,395  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aOIL, GAS & MINERAL LEASE     		    16 3,641  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   892,181  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13892,181
    (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:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 14,000 9,100   4,900

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 2,617,050 2,770,987

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 10,431,271 13,538,839

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    US Government Securities - End of Year Book Value:

    2,100,083
    US Government Securities - End of Year Fair Market Value:

    2,085,458
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INTEREST PURCHASED ON BONDS AT COST 3,834 3,834
    TRADE SETTLEMENTS RECEIVABLE AT COST 4,180 4,180

    TY 2015 LandEtcSchedule2
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - 104 ACRES 472,688   472,688 472,688


    TY 2015 OtherExpensesSchedule
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE & POSTAGE 1,316 400   916
    DUES 750 360   390
    INSURANCE - OFFICERS & DIRECT 750 375   375
    INSURANCE - TIMBER AND LAND 79 79    
    PENALTIES 80      


    TY 2015 OtherIncomeSchedule2
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL ROYALTIES 2,145 2,145  
    OIL, GAS & MINERAL LEASE 3,641 3,641  


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL & AL WITHHOLDING TAX 1,412 1,309
    EXCISE TAX 14,099  
    INTEREST & PENALTY 484  
    DEFERRED SETTLEMENT COST   3,423


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 187,493 187,493    


    TY 2015 TaxesSchedule
    Name:
    THE SOLON AND MARTHA DIXON FD
    EIN:
    63-0812726
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 7,815 7,815    
    FEDERAL EXCISE TAX 13,018