Form990-PF
Click to see list of attachments

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 10-01-2015 , and ending 09-30-2016
Name of foundation
Rea Charitable Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)1W 4th Street MACD 4000-041
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Winston Salem, NC27101
A Employer identification number

26-3671567
B Telephone number (see instructions)

(704) 590-2828
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$110,545,931J 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      
4 Dividends and interest from securities... 603,455 603,455  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 74,651,502
b Gross sales price for all assets on line 6a 82,190,386
7 Capital gain net income (from Part IV, line 2)... 74,651,502
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 5,588,056 5,588,056  
12 Total. Add lines 1 through 11........ 80,843,013 80,843,013  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 344,400 230,796   113,604
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 13,000     13,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 366,078 347,078    
19 Depreciation (attach schedule) and depletion... Click to see attachment 243,774 243,774  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 633,434 631,734   1,700
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,600,686 1,453,382   128,304
25 Contributions, gifts, grants paid....... 1,752,800 1,752,800
26 Total expenses and disbursements. Add lines 24 and 25 3,353,486 1,453,382   1,881,104
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 77,489,527
b Net investment income (if negative, enter -0-) 79,389,631
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............. 687    
2 Savings and temporary cash investments......... 2,124,337 72,066,962 72,066,962
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,531,756 Click to see attachment2,455,946 2,457,039
b Investments—corporate stock (attach schedule)....... 4,959,536 Click to see attachment5,496,775 7,380,069
c Investments—corporate bonds (attach schedule)....... 1,731,552 Click to see attachment3,980,686 3,986,211
11 Investments—land, buildings, and equipment: basis bullet6,726,335
Less: accumulated depreciation (attach schedule) bullet2,000,773 4,969,336 Click to see attachment4,725,562 7,141,953
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,638,157 Click to see attachment16,941,418 17,513,697
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,955,361 105,667,349 110,545,931
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 20,295,450 20,295,450
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 7,659,911 85,371,899
30 Total net assets or fund balances (see instructions)..... 27,955,361 105,667,349
31 Total liabilities and net assets/fund balances (see instructions). 27,955,361 105,667,349
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
27,955,361
2
Enter amount from Part I, line 27a .....................
2
77,489,527
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
222,461
4
Add lines 1, 2, and 3 ..........................
4
105,667,349
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
105,667,349
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 Schedule Attached P    
b Capital Gains thru Mutual Funds P    
c Sale of Oil & Gas Leases P 2008-08-11 2016-07-25
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,826,853   2,786,884 39,969
b 163,533     163,533
c 79,200,000   4,752,000 74,448,000
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       39,969
b       163,533
c       74,448,000
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 74,651,502
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 3 203,502
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 1,881,577 40,262,446 0.04673
2013 1,506,546 39,626,823 0.03802
2012 1,256,234 36,376,756 0.03453
2011 1,484,969 32,743,814 0.04535
2010 995,756 28,718,906 0.03467
2
Total of line 1, column (d) .....................
20.199308
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
0.039862
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
49,219,678
5
Multiply line 4 by line 3......................
5
1,961,995
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
793,896
7
Add lines 5 and 6........................
7
2,755,891
8
Enter qualifying distributions from Part XII, line 4.............
8
1,881,104
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 1,587,793
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 1,587,793
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 1,587,793
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 35,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,590,030
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,625,030
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1,645
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 35,592
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet35,592 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
 
No
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)
    bulletTX
    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 addressbulletwww.reacharitabletrust.org
    14
    The books are in care ofbulletWells Fargo Bank NA Telephone no.bullet (432) 685-5211

    Located atbulletPO Box 1959MidlandTX ZIP+4bullet797021959
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet2014, 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
    Yes
     
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    Wells Fargo Bk NA Trustee Trustee
    0.00     		342,600    
    PO Box 1959
    Midland,TX797021959
    Richard Folger Grants Advisor
    0.00     		150    
    PO Box 60760
    Midland,TX797110760
    Vicky Jay Grants Advisor
    0.00     		300    
    4520 Hilltop
    Midland,TX79707
    Becky Ferguson Grants Advisor
    0.00     		300    
    1704 Storey Ave
    Midland,TX79701
    Dona Bradley Grants Advisor
    0.00     		300    
    PO Box 11283
    Midland,TX79702
    Paul Morris Grants Advisor
    0.00     		300    
    1004 N Big Spring Ste 610
    Midland,TX79701
    Harper Estes Grants Advisor
    0.00     		300    
    300 N Marienfeld - Ste 700
    Midland,TX79701
    Christine Foreman Grants Advisor
    0.00     		150    
    1702 W Cuthbert
    Midland,TX79701
    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  
    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
    24,830,666
    b
    Average of monthly cash balances.......................
    1b
    17,996,597
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,141,953
    d
    Total (add lines 1a, b, and c).........................
    1d
    49,969,216
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    49,969,216
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    749,538
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    49,219,678
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,460,984
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    2,460,984
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,587,793
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,587,793
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    873,191
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    873,191
    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
    873,191
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,881,104
    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
    1,881,104
    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
    1,881,104
    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 7 873,191
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,876,694
    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$ 1,881,104
    a Applied to 2014, but not more than line 2a 1,876,694
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 4,410
    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 ..........     		868,781
    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:
    Trust Department
    P O Box 1959
    Midland,TX79702
    (432) 685-5300
    bThe form in which applications should be submitted and information and materials they should include:
    A formal Grant Application must be completed. In Addition to the Grant Application, the applicant must submit budget information, audited financial statements, if any, a copy of the IRS Determination Letter regarding tax exempt status and the last Form 990 filed with the IRS.
    cAny submission deadlines:
    Grants awarded in June & December - Deadline 4-15 & 10-15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Geographical Area Generally
    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
    Allegro Chorale Orchestra
    2304 Metz Place
    Midland,TX79705     		None PC Concert Series 20,000
    Bynum School
    8404 W County Rd 60
    Midland,TX79708     		None PC Vocational Ceramics Program 13,000
    Big Spring Symphony Association
    PO Box 682
    Big Spring,TX79721     		None PC Operating Expense 25,000
    Marfa Public Radio Corp
    PO Box 10836
    Midland,TX79702     		None Public Concert Fees to Artists 25,000
    Midland Community Theatre
    2000 West Wadley
    Midland,TX79705     		None PC Operating Expense 60,000
    Midland Festival Ballet
    401 W Texas Ave
    Midland,TX79701     		None PC Cultural Arts 50,000
    Permian Basin Public Telecomm
    PO Box 8940
    Midland,TX79708     		None PC Operating Expense 25,000
    Ellen Noel Art Museum
    4909 E University
    Odessa,TX79762     		None Public Operating Expense 10,000
    Midland-Odessa Symphony Chorale
    3100 La Force Blvd
    Odessa,TX79761     		None PC Operating Expense 100,000
    Midland Opera Theatre
    PO Box 4504
    Midland,TX79704     		None PC Operating Expense 30,000
    Midland County Public Library Found
    301 W Missouri
    Midland,TX79701     		None PC Arts projects & Programs 60,000
    Midland ISD Foundation
    550 W Texas Suite 250
    Midland,TX79701     		None PC Stage Lighting in High Schools 40,000
    George W Bush Childhood Home
    PO Box 8586
    Midland,TX79708     		None PC Operating Expense 45,000
    Hospice of Midland
    911 W Texas Ave
    Midland,TX79701     		None PC Creative and expressive arts program for grieving children 40,000
    Midland Childrens Rehab Center
    802 Ventura Ave
    Midland,TX79705     		None PC Therapeutic Dance Program 5,000
    Midland Montessori School
    1011 Austin St
    Midland,TX79703     		None PC Outdoor Musical Playground 10,000
    Odessa College Foundation
    201 W University Blvd
    Odessa,TX79762     		None PC Globe Theatre Renovation 100,000
    Texas Tech Foundation
    Holden Hall Room 103
    Lubbock,TX79409     		None PC WildWind Performance Lab Support 35,000
    Univ of Texas-Austin -Theatre Dance
    300 East 23rd St
    Austin,TX78712     		None PC Learning through ther Arts Program 60,000
    Lyric Performing Arts Company
    PO Box 1886
    Brownwood,TX76804     		None PC Historic Restoration 25,000
    Museum of the Southwest
    1705 W Missouri Ave
    Midland,TX79701     		None PC Children's Museum Classroom Renovation 90,000
    Manor Park Inc
    2208 N Loop 250 W
    Midland,TX79707     		None PC Elder Care 9,000
    Midland African American Roots
    1324 E Pine Ave
    Midland,TX79705     		None PC Dance Company 10,000
    MIdland College Foundation
    36500 N Garfield
    Midland,TX79705     		None PC "StrangelyFamilial" 5,000
    Midland Community Concerts
    4906 Heather Rd
    Midland,TX79705     		None PC Concert Performer Fees 15,000
    Plaza De La Raza Inc
    3540 N Mission Rd
    Los Angeles,CA90031     		None PC Arts Program Support 10,000
    Richmond Symphony
    612 E Grace STreet 401
    Richmond,VA23219     		None PC String Classes 10,000
    San Angelo Performing Arts Coalitio
    221 S Irving St
    San Angelo,TX76903     		None PC Renovation of Stage 20,000
    Su Teatro
    721 Santa Fe Dr
    Denver,CO80204     		None PC Arts Education 10,000
    The New Children's Museum
    200 West Island Ave
    San Diego,CA92101     		None PC School Visits & Education 5,000
    Santa Fe Youth Symphony
    1000 Cordova Place 190
    Santa Fe,NM87505     		None PC String Program Support 5,000
    Visual Arts Center of Richmond
    1812 W Main Street
    Richmond,VA23220     		None PC Space of Her Own Program 5,000
    West Texas Jazz Society
    PO Box 10832
    Midland,TX79702     		None PC 2016 Season Support 20,000
    Arkansas State University Fdn
    PO Box 1990
    State University,AR72467     		None PC Bradbury Art Museum 10,000
    Artistic Resources for Teachers Stu
    3175 S 1885 East
    Salt Lake City,UT84106     		None PC Arts-In-Education Program 10,000
    Arts Council of Midland
    PO Box 3494
    Midland,TX79702     		None PC Cleebration of the Arts Program 40,000
    Artworks 3 ENA Inc
    PO Box 742427
    Riverdale,GA30274     		None PC The HEArtT Program 10,000
    Augusta Choral Society Inc
    PO ox 1402
    Augusta,GA30903     		None PC Verdi's "Requiem" performance 20,000
    Augustana Arts Inc
    5000 E Alameda Ave
    Denver,CO80246     		None PC Concerts and Education Program 5,000
    Beaver Valley Choral Society
    PO Box 1628
    Beaver Falls,PA15010     		None PC Summer Music Academy 5,000
    Blue Barn Theatre
    1106 S 10th St
    Omaha,NE68108     		None PC Student Workshops 10,000
    Bookmarks
    251 N Spruce St
    WinstonSalem,NC27101     		None PC Festival of Books & Authors 15,000
    Boys Girls Club
    233 Warren Ave
    Brockton,MA02301     		None PC Arts Program Development 20,000
    Boys and Girls Club
    1321 S Goode St
    Midland,TX79701     		None PC Art Program 10,000
    Cabrillo Festival of Contemp Music
    147 S River ST
    Santa Cruz,CA95060     		None PC Operations 5,000
    Cancer Support Community of Lehigh
    944 Macon Blvd
    Allentown,PA18109     		None PC Emotional Cancer Support & Education Program 5,000
    Centre Stage South Carolina
    501 River St
    Greenville,SC29601     		None PC Assisted Hearing System 5,000
    Circus Harmony
    4120 Parker Rd
    Florissat,MO63033     		None PC Showcase & Teacher Training Program 5,000
    Coda Mountain Academy Inc
    PO Box 615
    Fayetteville,WV25840     		None PC Summer Music Festival 20,000
    Colorado Children's Chorale
    2420 West 26th Ave
    Denver,CO80211     		None PC Education Program Support 5,000
    Colorado Herew Chorale
    495 S Jersey St
    Denver,CO80224     		None PC Musical Performances in Colorado 5,000
    Community School of the Arts
    345 S Jersey St
    Denver,CO80224     		None PC Orchestra in Schools 10,000
    Cumberland Players
    PO Box 494
    Vineland,NJ08362     		None PC Children 1,800
    Dekalb Symphony Orchestra
    PO Box 1313
    Tucker,GA30085     		None PC Young Artists Concerto Competition 5,000
    Denver Young Artists Orchestr
    1385 S Colorado Blvd
    Denver,CO80222     		None PC Education & Outreach Program 10,000
    Dram Tree Shakespeare
    206 N 4th St
    Wilmington,NC28401     		None PC Sring & Fall Shakespeare Productions & Education 5,000
    East Bay Performing Arts
    1440 Broadway
    Oakland,CA94612     		None PC Operations 20,000
    Hispanic Cultural Center
    PO Boox 51404
    Midland,TX79710     		None PC Operations 20,000
    Honeywell Foundation
    275 W Market St
    Wabash,IN46992     		None PC Educational Outreach Program 5,000
    Kids from Wisconsin
    640 S 84th St
    Milwaukee,WI53214     		None PC "Realize Your Dream" outreach program 10,000
    Kidznotes
    PO Box 200
    Durham,NC27702     		None PC Wake County Expansion 30,000
    Koinonia Academy
    1040 Plainfield Ave
    Plainfield,NJ07060     		None PC Fine Arts Center 10,000
    Lee high School Orchestra
    PO Box 80301
    Midland,TX79708     		None PC Cassatt in the Basin 20,000
    Legacy Bronco Band Booster
    PO Box 1638
    mansfield,TX76063     		None PC Operations 5,000
    Lubbock Roots Historical Arts
    PO Box 3671
    Lubbock,TX79452     		None PC Caprock Jazz Festival 10,000
    Lyon College
    2300 Highland Rd
    Batesville,AR72501     		None PC Restoration of Center 15,000
    Boys Girls
    1037 E Main
    Waterbury,CT06705     		None PC Operation 5,000
    Louise Hopkins Underwood Ctr
    511 Ave K
    Lubbock,TX79413     		None PC Audience Engagement & Community Outreach 20,000
    Bynum School
    8404 W County Rd 60
    Midland,TX79708     		None PC Arts Programs 87,000
    Mary Baldwin College
    PO box 1500
    Staunton,VA24401     		None PC Enhancement 119,000
    MIdland College Foundation
    36500 N Garfield
    Midland,TX79705     		None PC Operations 48,000
    Texas State History Museum Fdn
    PO Box 12456
    Austin,TX78711     		None PC Operations 100,000
    Total .................................bullet 3a 1,752,800
    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 ...........     		         
    4 Dividends and interest from securities....     1 603,455  
    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 5,588,056  
    8
    Gain or (loss) from sales of assets other than inventory ............     		        74,651,502
    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)..   6,191,511 74,651,502
    13Total. Add line 12, columns (b), (d), and (e)..................
    1380,843,013
    (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: 15000324
    Software Version: 2015v3.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    3 13,000 0 0 13,000

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

    TY 2015 DepreciationSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Oil & Gas Royalty 2009-09-01 6,632,485 1,756,999 125DB 25.0000 243,774      

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T Inc 5/15/18 109,405 106,585
    American Intl Group 7/16/19 49,899 50,919
    BP Capital Mkts 10/1/20 108,860 109,940
    Berkshire Hathaway 1/15/21 107,260 110,644
    Blackrock Inc 12/10/19 78,028 83,207
    Cisco Syst 2/15/19 115,075 108,449
    Duke Energy 8/15/17 101,389 100,298
    Kellog Co 5/17/17 101,583 100,442
    McDonalds 1/15/22 99,657 103,481
    Medco Health 9/15/20 110,946 107,804
    Pepsico 6/1/18 115,708 106,285
    Target 1/15/18 100,958 106,179
    Teck Resources 2/1/18    
    Wal Mart 4/15/21 108,811 111,986
    Bank of America 1/24/22 116,503 116,322
    Freeport McMoran 11/14/21    
    Unum Group 3/15/24 105,472 103,204
    Apple 5/6/21 101,959 105,384
    Bank of New York 8/17/26 197,084 198,776
    Boeing 10/30/25 204,994 206,298
    Chevron 5/16/23 99,525 102,401
    Exxon Mobil 3/6/25 102,122 102,756
    Intel 10/1/21 216,870 215,456
    Mercedes Benz 2/16/21 249,970 250,580
    Microsoft Corp 11/03/20 205,062 204,146
    Merck & Co Inc 9/15/22 102,123 102,887
    Nissan Auto Lease 1/18/22 249,968 250,225
    Oracle Corp 10/15/22 100,795 102,609
    State Street 5/19/26 201,630 202,274
    Toyota 1/10/23 208,182 207,008
    Visa 12/14/22 210,848 209,666

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Blackrock Inc 93,160 105,113
    Affiliated Managers 128,787 151,212
    Anheuser-Busch    
    Apple Computer 157,495 405,850
    Berkshire Hathaway 139,323 231,152
    BHP Billiton    
    Boeing 162,942 227,910
    Citi Group Inc 181,223 174,279
    CME Group 99,762 182,387
    CVS/Caremark 84,358 194,888
    Celanese Corp 134,460 159,411
    Chevron Corp 18,317 21,202
    Cisco Systems 177,403 259,565
    Comcast Corp 65,040 213,615
    Cummins Inc 104,529 102,520
    Diageo PLC 94,899 140,524
    Disney (Walt) Co 65,226 154,148
    EMC Corp    
    Eaton Corp PLC 77,566 106,122
    Gilead Sciences 38,927 89,801
    Goldman Sachs    
    Alphabet/Google 150,724 248,733
    HSBC    
    JP Morgan Chase 184,175 269,090
    Johnson Controls    
    Las Vegas Sands 169,801 171,297
    Mckesson Corp 86,084 136,735
    Microsoft 213,429 317,894
    Nestle S A 23,545 25,049
    Oracle Corp    
    Schlumberger 162,770 168,683
    TJX Cos Inc 32,517 88,988
    Target 98,148 130,835
    Thermo Fisher Scientific 80,788 174,966
    Total SA -adr 156,865 156,599
    United Health Group 71,545 245,000
    Union Pacific 126,511 208,227
    United Parcel 98,472 136,700
    Ameriprise Financial 158,736 141,673
    Astrozeneca PLC    
    AT&T 23,196 26,437
    Banco Bilbao    
    Bank NS Halifax 11,256 12,347
    BASF Artieng....... 17,693 18,393
    British American Tobacco 18,039 21,062
    Coca Cola 15,660 16,251
    Deutsche Boerse AG 7,697 6,619
    Eli Lilly Co    
    Exxon Mobil Corp 25,843 28,802
    Glaxo Smithcline 7,483 7,807
    Intel Corp 18,007 23,103
    Johnson & Johnson 17,778 21,854
    Lockheed Martin 12,932 15,582
    LVMH Moet Hennessy 16,040 15,694
    Lyon Dell Basell 14,333 12,341
    Merck & Co 174,543 203,144
    Monsanto Co 167,149 159,432
    Novartis AG 27,989 22,977
    Pfizer Inc 26,891 26,893
    Philip Morris Intnl 20,563 24,499
    Philips Electronics (KONINKLIJKE) 14,927 16,955
    PNC Financial 163,999 157,207
    Prudential PLC 14,608 11,142
    Reckitt Benckis 15,421 16,218
    Roche Holdings Ltd 208,659 190,342
    Royal Dutch Shell 11,251 10,765
    Sanofi ADR 12,761 9,471
    Siemens 21,903 25,810
    Suncor Energy 189,555 192,627
    Toronto Dominion Bank 13,839 15,096
    Toyota Motor Corp 18,140 16,481
    Unilever NV 19,221 20,745
    Stocks of less than $10,000 each 66,252 66,952
    Coca Cola Euro Ptnr 8,536 9,217
    Cognizant Rech Solut 160,940 131,203
    Hain Celestial Grp 87,965 76,319
    Manulife 139,957 136,655
    Compass Group PLC 11,533 13,063
    Duke Energy 12,794 13,527
    Nrextera 13,458 15,168
    Procter & Gamble 16,507 18,668
    Telestra 13,930 13,033

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    US Government Securities - End of Year Book Value:

    2,255,946
    US Government Securities - End of Year Fair Market Value:

    2,251,380
    State & Local Government Securities - End of Year Book Value:


    200,000
    State & Local Government Securities - End of Year Fair Market Value:


    205,659


    TY 2015 InvestmentsLandSchedule2
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land       7,141,953
    Miscellaneous 6,726,335 2,000,773 4,725,562  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Aberdeen Global High Inc Fd AT COST 717,906 600,356
    T Rowe Price Instl Float AT COST 350,000 341,488
    Dreyfus Emerg Mkts Debt Fd AT COST    
    Dreyfus Intnatl Bond Fd AT COST 510,000 477,995
    Pimco Foreign Bond Fd AT COST 418,270 376,330
    Templeton Global Bond Fd AT COST 191,901 171,522
    GAI Agility Income Fd AT COST 1,000,000 962,853
    Fidelity Adv Emerging Mkts Fd AT COST 364,000 401,727
    Ishares Core S&P Midcap Fd AT COST 560,773 836,208
    Ishares Small Cap 600 Index Fd AT COST 61,579 131,599
    Kalmar Grwth w/val Sm Cap Fd AT COST 195,000 148,050
    Keeley Small Cap Value Fd AT COST 74,083 125,441
    Stratton Small Cap Value Fd AT COST 50,000 50,889
    Harbor Intl Fund AT COST 350,327 444,242
    Invesco Int'l Growth Fund AT COST 90,000 121,833
    IShares MSCI EAFE ETF AT COST 717,331 738,948
    JP Morgan Midcap Value AT COST 425,000 420,486
    Oppenheimer Develop Mkts Fd AT COST 125,000 105,654
    T Rowe Price Inst Emer Fd AT COST 500,118 581,843
    Templeton Emerg Mkts Sm Cap Fd AT COST 160,000 165,035
    Vanguard Emerging Markets AT COST 405,238 348,266
    Ally Mtg-Backed Master Tr AT COST 296,461 301,083
    GAI Mesirow Insight Fund AT COST    
    AQR Managed Strategies AT COST 600,000 593,158
    ASG Global Alternatives Fd AT COST 225,000 194,211
    Driehaus Active Income Fd AT COST 400,000 370,288
    Pam Global Diversified Fund AT COST    
    Partners Group Priv Eq AT COST    
    Merger Fund AT COST 399,434 394,031
    Barclay IPath Commod Index AT COST    
    Credit Suisse Commodity AT COST 1,104,048 1,095,612
    SPDR DJ Wilshire Int'l Real Estate ETF AT COST 955,683 1,014,929
    Vanguard REIT Viper AT COST 1,608,676 2,026,854
    Artisan Mid-Cap Fd AT COST 425,000 377,237
    Bear Stearns Coml Mtgs AT COST    
    Boston Partners L-S Research AT COST 200,000 196,364
    Neuberger Berman L-S Fund AT COST 200,000 197,841
    Skybridge Multi-Adviser HS AT COST 280,333 246,797
    Ishares TIPS Bond ETF AT COST 262,685 262,103
    Mainstay Convertible #2584 AT COST 240,000 257,507
    Principal Pfd Securities Fd AT COST 260,000 263,604
    Chase Issuance Trust AT COST 100,000 100,293
    GAI Corbin Multi-str Fd AT COST 1,602,171 1,548,644
    E-Tracs Alerian MLP AT COST 515,401 522,376

    TY 2015 OtherExpensesSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues to Assoc of Foundations 1,700     1,700
    Miscellaneous 1,026 1,026    
    Other Expense re Royalties 630,708 630,708    


    TY 2015 OtherIncomeSchedule2
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 5,588,056    


    TY 2015 OtherIncreasesSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Amount
    Non Tax Adjustments, Timing & Other adjustments 222,459
    Rounding 2


    TY 2015 TaxesSchedule
    Name:
    Rea Charitable Trust
    EIN:
    26-3671567
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Current Yr Est Tax Pmts - Form 990-PF 19,000      
    Foreign Tax on Dividends 11,184 11,184    
    Oil & Gas Taxes 335,894 335,894