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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
ROSTAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 970
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VALDESE, NC286900970
A Employer identification number

56-1901626
B Telephone number (see instructions)

(828) 874-7000
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$10,061,819J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 15 15  
4 Dividends and interest from securities... 240,929 240,929  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 150,273
b Gross sales price for all assets on line 6a 1,444,083
7 Capital gain net income (from Part IV, line 2)... 150,273
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).......      
12 Total. Add lines 1 through 11........ 1,391,217 391,217  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500 0   4,500
c Other professional fees (attach schedule).... Click to see attachment 74,640 74,640   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,402 3,630   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 48 48   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,590 78,318   4,500
25 Contributions, gifts, grants paid....... 459,000 459,000
26 Total expenses and disbursements. Add lines 24 and 25 543,590 78,318   463,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 847,627
b Net investment income (if negative, enter -0-) 312,899
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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.............      
2 Savings and temporary cash investments......... 357,466 1,300,706 1,300,706
3 Accounts receivable bullet15,641
Less: allowance for doubtful accounts bullet   12,141 15,641 15,641
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,840,672 Click to see attachment6,774,820 8,723,690
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 60,462 Click to see attachment27,201 21,782
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) 7,270,741 8,118,368 10,061,819
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 7,270,741 8,118,368
30 Total net assets or fund balances (see instructions)..... 7,270,741 8,118,368
31 Total liabilities and net assets/fund balances (see instructions). 7,270,741 8,118,368
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
7,270,741
2
Enter amount from Part I, line 27a .....................
2
847,627
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,118,368
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,118,368
Form 990-PF (2018)
Form 990-PF (2018)
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 BB&T - PUBLICLY TRADED SECURITIES      
b BB&T - PUBLICLY TRADED SECURITIES      
c WELLS FARGO - PUBLICLY TRADED SECURITIES      
d CAPITAL GAINS DIVIDENDS P    
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 287,749   336,894 -49,145
b 998,230   793,978 204,252
c 155,214   162,938 -7,724
d 2,890     2,890
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       -49,145
b       204,252
c       -7,724
d       2,890
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 2 150,273
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))
2017 436,243 9,401,824 0.046400
2016 383,600 8,722,716 0.043977
2015 376,900 8,466,263 0.044518
2014 310,500 6,985,238 0.044451
2013 308,050 6,371,349 0.048349
2
Total of line 1, column (d) .....................
2
0.227695
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.045539
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
9,933,915
5
Multiply line 4 by line 3......................
5
452,381
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,129
7
Add lines 5 and 6........................
7
455,510
8
Enter qualifying distributions from Part XII, line 4,.............
8
463,500
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 3,129
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,129
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,129
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,120
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,120
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 9
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAMES H ROSTAN Telephone no.bullet (828) 874-7000

    Located atbulletPOST OFFICE BOX 970VALDESENC ZIP+4bullet28690
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    JAMES H ROSTAN DIRECTOR/PRESIDENT
    10.00     		0 0 0
    PO BOX 970
    VALDESE,NC28690
    JOHN P ROSTAN III VP/TREASURER
    10.00     		0 0 0
    PO BOX 970
    VALDESE,NC28690
    JOHN MARK ROSTAN VP/SECRETARY
    10.00     		0 0 0
    PO BOX 970
    VALDESE,NC28690
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    9,531,020
    b
    Average of monthly cash balances.......................
    1b
    504,676
    c
    Fair market value of all other assets (see instructions)................
    1c
    49,497
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,085,193
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    10,085,193
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    151,278
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,933,915
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    496,696
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    496,696
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    3,129
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,129
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    493,567
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    493,567
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    493,567
    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
    463,500
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    463,500
    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
    3,129
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    460,371
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 493,567
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 458,646
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 463,500
    a Applied to 2017, but not more than line 2a 458,646
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 4,854
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		488,713
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    A BETTER LIFE RESCUE INC
    1000 JAMESTOWN RD
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    BLUE RIDGE COMMUNITY ACTION
    800 N GREEN ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    BURKE CHARITABLE PROPERTIES INC
    305C WEST UNION STREET
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 2,500
    BURKE COUNTY SMART START INC
    304 WEST UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION EDUCATIONAL 2,500
    BURKE DEVELOPMENT INC
    2128 S STERLING ST 150
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 30,000
    BURKE UNITED CHRISTIAN MINISTRIES
    305 W UNION ST B
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 22,500
    CHARLOTTE NEUROSCIENCE FOUNDATION
    300 BILLINGSLEY ROAD SUITE 108
    CHARLOTTE,NC28211     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    COMMUNITY FOUNDATION OF BURKE COUNTY
    205 N KING ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 55,000
    COMMUNITY OF LAKE JAMES INC
    PO BOX 463
    GLEN ALPINE,NC26828     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 3,000
    DRAUGHN BAND BOOSTERS INC
    709 LOVELADY ROAD NE
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    EAST BURKE CHRISTIAN MINISTRIES
    103 3RD AVE SE
    HILDEBRAN,NC28637     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    FOOTHILLS CONSERVANCY OF NC INC
    135 1/2 W UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 50,000
    FRIENDS OF THE MOUNTAINS TO SEA TRAIL
    3509 HAWORTH DRIVE SUTIE 210
    RALEIGH,NC27609     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    GOOD SAMARITAN CLINIC
    305 W UNION ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 10,000
    ICARD ELEMENTARY SCHOOL
    3087 ICARD SCHOOL RD
    CONNELLY SPRINGS,NC28612     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 2,500
    OLD COLONY PLAYERS INC
    400 WEST MAIN
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 23,000
    PARKS AND RECREATION TRUST FUND
    121 WEST JONES ST
    RALEIGH,NC27603     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 70,000
    PLANNED PARENTHOOD SOUTH ATLANTIC
    4822 ALBEMARLE ROAD
    CHARLOTTE,NC28205     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 20,000
    SALVATION ARMY OF BURKE CO
    420-B WEST FLEMING DR
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    THE MEETING PLACE MISSION
    301 E METTING ST
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    THE OUTREACH CENTER
    510 E FLEMING DR
    MORGANTON,NC28655     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    TOWN OF VALDESE
    108 MASSEL AVE SW
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 110,000
    VALDESE FIRST CHRISTIAN CHRUCH
    916 BERRY AVE SE
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 3,000
    WALDENSIAN HERITAGE MUSEUM
    208 RODORET ST S
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    WALDENSIAN PRESBYTERIAN CHURCH
    109 MAIN ST E
    VALDESE,NC28690     		NONE 501(C)3 ORGANIZATION PHILANTHROPIC 5,000
    Total .................................bullet 3a 459,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 15  
    4 Dividends and interest from securities....     14 240,929  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 150,273  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 391,217 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    391,217
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    ROSTAN FAMILY FOUNDATION
     
    Employer identification number

    56-1901626
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    ROSTAN FAMILY FOUNDATION
          		Employer identification number
    56-1901626
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    NAOMI B ROSTAN REVOCABLE TRUST
     
    PO BOX 970
     
    VALDESE, NC28690

    		$ 1,000,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    ROSTAN FAMILY FOUNDATION
          		Employer identification number

    56-1901626
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    ROSTAN FAMILY FOUNDATION
          		Employer identification number

    56-1901626
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAVIDSON, HOLLAND, WHITESELL 4,500 0   4,500

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BB&T - 3M COMPANY 10,646 28,581
    BB&T - ABBOTT LABS 19,921 92,221
    BB&T - ABBVIE INC COMMON 7,990 47,017
    BB&T - ACCENTURE PLC CL A 18,462 35,253
    BB&T - ACTIVISION BLIZZARD INC COMMON 52,371 89,601
    BB&T - AKAMAI TECHNOLOGIES COMMON 46,257 73,296
    BB&T - ALASKA AIR GROUP INC COMMON 35,756 35,232
    BB&T - ALLIANCE DATA SYSTEMS COMMON 20,132 15,008
    BB&T - ALPHABET INC CL C COMMON 32,051 62,137
    BB&T - AMERICAN CAMPUS COMMUNITIES 9,577 11,382
    BB&T - ANTHEM INC COMMON 18,547 39,395
    BB&T - APPLE INC COMMON 25,822 114,046
    BB&T - AT&T INC 77,383 85,620
    BB&T - AUTODESK INC COMMON 9,416 25,722
    BB&T - BARINGS GLOBAL FLOATING RATE - Y 171,457 166,334
    BB&T - BRISTOL-MYERS SQUIBB CO COMMON 61,031 62,376
    BB&T - CAPITAL ONE FINANCIAL CORP 54,662 58,582
    BB&T - CBRE GROUP INC COMMON 29,693 52,252
    BB&T - CBS CORPORATION CL B COMMON 9,685 9,837
    BB&T - CDK GLOBAL INC COMMON 63,113 61,861
    BB&T - CERNER CORP COMMON 18,705 17,043
    BB&T - CHARLES SCHWAB CORP 10,862 37,377
    BB&T - CHECKPOINT SOFTWARE TECHNOLOGY 43,697 100,084
    BB&T - CHEVRON CORP 30,483 47,868
    BB&T - CISCO SYSTEMS INC 32,919 77,994
    BB&T - CITRIX SYSTEMS INC COMMON 13,445 30,738
    BB&T - COCA-COLA COMPANY COMMON 19,753 22,491
    BB&T - COMCAST CORP 13,853 70,824
    BB&T - CONOCOPHILLIPS CO 27,406 43,645
    BB&T - CVS COMMON 18,734 16,380
    BB&T - DANAHER CORP COMMON 19,533 20,624
    BB&T - DISCOVER FINANCIAL SERVICES 35,122 35,388
    BB&T - DODGE & COX INCOME FUND 283,142 273,070
    BB&T - DOUBLELINE TOTAL RETURN BOND FUND 151,958 141,628
    BB&T - EBAY INC COMMON 14,577 19,649
    BB&T - ENBRIDGE INC 48,904 53,799
    BB&T - EOG RESOURCES INC 24,250 47,966
    BB&T - FEDERATED INTERMEDIATE CORP BOND CL IS 123,490 118,010
    BB&T - FEDERATED SHORT TERM INCOME FUND CL Y 117,994 116,804
    BB&T - GENERAL MILLS INC 15,364 15,576
    BB&T - GILEAD SCIENCES, INC 76,483 59,423
    BB&T - HCA HOLDINGS INC COMMON 21,913 69,692
    BB&T - HOLOGIC INC COMMON 38,616 41,100
    BB&T - I-SHARES MSCI EAFE INDEX FUND 653,479 676,088
    BB&T - I-SHARES MSCI EAFE SMALL CAP INDEX FUND 49,151 67,366
    BB&T - I-SHARES MSCI EMERGING MARKETS INDEX 105,288 132,804
    BB&T - I-SHARES RUSSELL 2000 INDEX FND 217,005 401,700
    BB&T - I-SHARES S&P MIDCAP 400 GROWTH 21,286 28,685
    BB&T - I-SHARES S&P MIDCAP 400/BARRA VAL 21,597 27,668
    BB&T - INTEL CORP COMMON 12,370 46,930
    BB&T - INTUIT INC 20,976 97,441
    BB&T - J.B. HUNT 9,730 11,630
    BB&T - JOHNSON & JOHNSON 28,943 83,883
    BB&T - LENNAR CORP COMMON 38,794 39,150
    BB&T - LIVE NATION COMMON 21,236 50,235
    BB&T - LOWE'S COMPANIES INC COMMON 26,186 32,603
    BB&T - MAXIM INTEGRATED PRODUCTS COMMON 44,716 81,360
    BB&T - MCDONALDS CORPORATION 17,806 35,514
    BB&T - MERCK & CO INC 28,554 99,333
    BB&T - METROPOLITAN WEST TOTAL RETURN BOND 173,750 169,913
    BB&T - MICROSOFT CORP COMMON 26,572 111,727
    BB&T - MYRIAD GENETICS INC COMMON 37,981 46,512
    BB&T - NEUBERGER BERMAN STRATEGIC INCOME FUND-I 144,716 137,787
    BB&T - NIELSON HOLDINGS PLC 48,977 51,326
    BB&T - NORWEGIAN CRUISE LINE HLDGS LT LTD COMMON 20,519 21,195
    BB&T - NOVARTIS A G ADR 34,778 55,777
    BB&T - NXP SEMICONDUCTORS NV COMMON 19,627 18,320
    BB&T - OCCIDENTAL PETROLEUM CORPORATION 92,197 79,794
    BB&T - OMNICOM GROUP COMMON 27,396 29,296
    BB&T - PEPSICO INC COMMON 32,340 63,526
    BB&T - PFIZER INC COMMON 22,195 48,452
    BB&T - PHILLIPS 66 COMMON 43,370 40,491
    BB&T - PROCTER & GAMBLE 16,454 27,576
    BB&T - PULTE GROUP INC COMMON 10,780 16,894
    BB&T - QUALCOMM INC 25,349 31,301
    BB&T - ROBERT HALF INTL INC COMMON 28,354 42,900
    BB&T - RYMAN HOSPITALITY PROPERTIES INC COMMON 17,383 24,008
    BB&T - SCOTTS CO CL A 22,128 23,048
    BB&T - SNAP-ON INC COMMON 36,745 36,323
    BB&T - SOUTHERN COMPANY 32,013 32,940
    BB&T - STARBUCKS CORP COMMON 18,729 20,930
    BB&T - STERLING CAPITAL CORPORATE FUND 216,081 202,666
    BB&T - STERLING CAPITAL TOTAL RETURN BOND 90,832 85,394
    BB&T - UNILEVER PLC-SPONSORED ADR 23,342 37,098
    BB&T - UNITED PARCEL SERVICES 32,438 42,913
    BB&T - VERIZON COMMUNICATIONS INC 58,901 67,464
    BB&T - WASTE MANAGEMENT INC 11,886 31,147
    BB&T - WELLS FARGO & CO 29,523 45,158
    BB&T - ZIMMER BIOMET HOLDINGS INC 9,956 10,372
    WF - 3M CO 44,330 53,542
    WF - ABBOTT LABORATORIES 45,240 70,015
    WF - ACCENTURE PLC IRELAND 48,770 48,225
    WF - AFLAC INC 46,496 65,789
    WF - AIR PRODUCTS & CHEMICALS INC 36,889 45,294
    WF - AMGEN INC 51,336 61,905
    WF - ANALOG DEVICES INC 45,314 58,021
    WF - APPLE INC 55,552 48,742
    WF - AT&T INC 38,282 30,338
    WF - AUTOMATIC DATA PROCESSING 40,152 63,069
    WF - BECTON DICKINSON & CO 45,037 71,426
    WF - BLACKROCK INC 34,709 39,675
    WF - CHEVRON CORPORATION 36,140 40,144
    WF - CHUBB CORP 46,303 54,126
    WF - CISCO SYSTEMS INC 47,585 64,648
    WF - CLOROX COMPANY 40,482 58,265
    WF - COLGATE-PALMOLIVE CO 36,723 32,676
    WF - EATON VANCE CORP NON VTG 19,452 16,851
    WF - EMERSON ELECTRIC CO 37,502 39,555
    WF - EVERSOURCE ENERGY 33,941 48,260
    WF - EXXON MOBIL CORP 37,540 30,549
    WF - FACTSET RESEARCH SYSTEMS INC 32,322 39,225
    WF - GENL DYNAMICS CORP COM 53,473 57,696
    WF - HARRIS CORP DEL 31,745 54,668
    WF - ILLINOIS TOOL WORKS INC 42,832 58,531
    WF - JOHNSON & JOHNSON 75,595 87,754
    WF - JP MORGAN CHASE & CO 65,818 61,305
    WF - LINDE PLC 48,381 46,188
    WF - LOWES COMPANIES INC 59,099 79,337
    WF - MCDONALDS CORP 26,740 49,187
    WF - MEDTRONIC PLC 58,646 71,131
    WF - MICROSOFT CORP 56,157 124,525
    WF - NEXTERA ENERGY INC 41,558 73,700
    WF - NIKE INC CLASS B 28,318 34,623
    WF - NORFOLK SOUTHERN CORP 35,581 59,517
    WF - NOVARTIS AG SPON ADR 43,230 37,070
    WF - PAYCHEX INC 39,002 52,641
    WF - PEPSICO INCORPORATED 49,338 54,246
    WF - PHILLIPS 66 37,345 40,921
    WF - POLARIS INDS INC 46,764 23,771
    WF - PROCTER & GAMBLE CO 43,955 48,166
    WF - SYSCO CORPORATION 33,005 54,076
    WF - TARGET CORP 38,006 29,807
    WF - UNITED TECHNOLOGIES CORP 44,970 43,657
    WF - US BANCORP NEW 44,148 38,297
    WF - V F CORPORATION 52,906 53,220
    WF - WAL-MART STORES INC 40,228 51,885
    WF - WEC ENERGY GROUP INC 40,279 49,867

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BB&T - ADVISORY RESEARCH MLP & ENERGY INCOME FD AT COST 27,201 21,782

    TY 2018 OtherExpensesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 48 48   0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BB&T ASSET MANAGEMENT 54,453 54,453   0
    WELLS FARGO ASSET MANAGEMENT 20,187 20,187   0


    TY 2018 TaxesSchedule
    Name:
    ROSTAN FAMILY FOUNDATION
    EIN:
    56-1901626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 3,630 3,630   0
    EXCISE TAXES PAID & ESTIMATES 1,772 0   0