JACK AND CAROLYN FERGUSON CHARITABLE FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: JACK AND CAROLYN FERGUSON CHARITABLE FOUNDATION (EIN 20-0450986)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-08-13
IRS object ID: 201442259349100739
Schema version: 2013v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-08-13T13:33:26-05:00	ReturnTs
Tax Period End	2013-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	561169449	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	JOHNSON PRICE & SPRINKLE PA	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 8385	AddressLine1
City	ASHEVILLE	City
State	NC	State
ZIP Code	288148385	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200450986	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JACK AND CAROLYN FERGUSON CHARITABLE FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	JACK	BusinessNameControlTxt
Phone	8286671418	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	71 BEAVERDAM ROAD	AddressLine1
City	CANDLER	City
State	NC	State
ZIP Code	28715	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JACK FERGUSON	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	8286671418	PhoneNum
Signature	2014-08-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	HAROLD H HUGHES JR	PreparerPersonNm
PTIN	P00146041	PTIN
Phone	8282542374	PhoneNum
Preparation	2014-08-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$4,096,240	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$182	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$182	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$110,844	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$110,844	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$160,938	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$1,757,445	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$10,873	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$10,873	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	-$39,039	TotalRevAndExpnssAmt
Total Net Invst Incm	$121,899	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$60,000	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$30,000	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$30,000	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$12,260	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$11,647	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$613	AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss	$2,149	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$2,144	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$5	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$74,409	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$43,791	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$30,618	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$555,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$555,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$629,909	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$43,791	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$586,118	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$668,948	ExcessRevenueOverExpensesAmt
Net Investment Income	$78,108	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	-$1	CashBOYAmt
Sav And Temp Cash Invst BOY	$156,899	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$35,500	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$35,500	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$5,150	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$8,560	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$8,560	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$401,838	CorporateStockBOYAmt
Corporate Stock EOY	$522,241	CorporateStockEOYAmt
Corporate Stock EOYFMV	$752,934	CorporateStockEOYFMVAmt
Other Investments BOY	$4,424,564	OtherInvestmentsBOYAmt
Other Investments EOY	$4,548,307	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$3,299,246	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$4,988,450	TotalAssetsBOYAmt
Total Assets EOY	$5,114,608	TotalAssetsEOYAmt
Total Assets EOYFMV	$4,096,240	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$35,132	AccountsPayableBOYAmt
Deferred Revenue BOY	$10,051	DeferredRevenueBOYAmt
Deferred Revenue EOY	$44,093	DeferredRevenueEOYAmt
Total Liabilities BOY	$45,183	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$44,093	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$4,943,267	RetainedEarningBOYAmt
Retained Earning EOY	$5,070,515	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$4,943,267	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$5,070,515	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$4,988,450	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$5,114,608	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$4,943,267	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$668,948	ExcessRevenueOverExpensesAmt
Other Increases	$796,196	OtherIncreasesAmt
Subtotal	$5,070,515	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$5,070,515	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Gross Sales PriceGrossSalesPriceAmt
1231 LOSS	P	$173	-$173	-$173
SECURITIES	P	$1,918,210	-$171,292	-$171,292	$1,746,918
CAPITAL GAINS DIVIDENDS	P		$10,527	$10,527	$10,527

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$160,938	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$176,975	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$5,539,829	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.031946	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$351,290	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$5,700,972	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.061619	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$405,760	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$6,946,135	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.058415	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$763,334	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$7,882,906	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.096834	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$645,740	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$9,786,538	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.065982	DistributionYr5Rt
Total Distribution	0.314796	TotalDistributionRt
Average Distribution	0.062959	AverageDistributionRt
Net Vl Noncharitable Assets	$4,155,544	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$261,629	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$781	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$262,410	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$586,118	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$781	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$781	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$781	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$8,560	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$8,560	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$7,779	OverpaymentAmt
Applied To ES Tax	$800	AppliedToESTaxAmt
Refund	$6,979	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	NC	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	JACK FERGUSON	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	8286671418	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	71 BEAVERDAM ROAD	AddressLine1
City	CANDLER	City
State	NC	State
ZIP Code	28715	ZIPCode

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	0	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
JACK R FERGUSON
71 BEAVERDAM ROAD	CANDLER	NC	28715	PRESIDENT	7.00	$0	$0	$0
CAROLYN H FERGUSON
71 BEAVERDAM ROAD	CANDLER	NC	28715	SECRETARY	7.00	$0	$0	$0
CAROLYN RENEA BENNETT
116 YOUNG DRIVE	CANDLER	NC	28715	DIRECTOR	3.00	$12,000	$0	$0
ELIZABETH JONEL KINSER
1924 WATERFORD VILLAGE DRIVE	CLEMMONS	NC	27012	DIRECTOR	3.00	$12,000	$0	$0
ROBIN JACK FERGUSON
75 FAIRMONT ROAD	CANDLER	NC	28715	DIRECTOR	3.00	$12,000	$0	$0
STEVEN RAY FERGUSON
89 FAIRMONT ROAD	CANDLER	NC	28715	DIRECTOR	3.00	$12,000	$0	$0
CHRIS WELLS
109 BLOCK HOUSE ROAD	GREENVILLE	SC	29615	DIRECTOR	1.00	$12,000	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$867,280	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$160,059	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$3,191,487	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$4,218,826	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$4,218,826	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$63,282	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$4,155,544	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$207,777	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$207,777	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$781	TaxBasedOnInvestmentIncomeAmt
Total Tax	$781	TotalTaxAmt
Distributable Before Adj	$206,996	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$206,996	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$206,996	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$586,118	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$586,118	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$781	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$585,337	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$206,996	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$233,562	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$370,215	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$65,538	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$76,500	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$745,815	TotalExcessDistributionCyovAmt
Qualifying Distributions	$586,118	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$206,996	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$379,122	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$1,124,937	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$233,562	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$891,375	ExcessDistriCyovToNextYrAmt
Excess From Year4	$370,215	ExcessFromYear4Amt
Excess From Year3	$65,538	ExcessFromYear3Amt
Excess From Year2	$76,500	ExcessFromYear2Amt
Excess From Current Year	$379,122	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	JACK R FERGUSON	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2
ABCCM HOMINY VALLEY
155 CANDLER SCHOOL RD	CANDLER	NC	28715	N/A	N/A	GENERAL DONATION	$60,000
AMERICAN FOUNDATION FOR SUICIDE PREVENTION
120 WALL STREET 29TH FLOOR	NEW YORK	NY	10005	N/A	N/A	GENERAL DONATION	$10,000
BLACK MOUNTAIN HOME FOR CHILDREN
80 LAKE EDEN ROAD	BLACK MOUNTAIN	NC	28711	N/A	N/A	GENERAL DONATION	$3,000
CHRIST SCHOOL
500 CHRIST SCHOOL ROAD	ARDEN	NC	28704	N/A	N/A	RENOVATIONS	$5,000
DAY STAY HBC INC
135 CANDLER SCHOOL ROAD	CANDLER	NC	28715	N/A	N/A	DAYSTAY PROGRAM	$131,000
EBLEN CHARITIES
50 WESTGATE PARKWAY	ASHEVILLE	NC	28806	N/A	N/A	GENERAL DONATION	$2,000
ELECTA CHAPTER
SAINT PAUL STREET	ASHEVILLE	NC	28803	N/A	N/A	GENERAL DONATION	$1,500
ENKA HIGH SCHOOL
475 ENKA LAKE RD	ASHEVILLE	NC	28715	N/A	N/A	BOOSTERS CLUB PROJECTC	$45,000
HOMINY LODGE
PO BOX 398	ENKA	NC	28728	N/A	N/A	SCHOLARSHIP	$1,000
MISSION FOUNDATION
PO BOX 5363	ASHEVILLE	NC	28813	N/A	N/A	GENERAL DONATION	$260,000
RIDE FOR KIDS
775 BOYLSTON HWY	FLETCHER	NC	28732	N/A	N/A	GENERAL DONATION	$15,000
SALVATION ARMY HICKORY
750 3RD AVE PL SE	HICKORY	NC	286023351	N/A	N/A	GENERAL DONATION	$10,000
SEARCH DOG FOUNDATION
501 EAST OJAI AVENUE	OJAI	CA	93023	N/A	N/A	GENERAL DONATION	$10,000
YMCA
801 CORPORATE CENTER DRIVE SUTIE	RALEIGH	NC	27607	N/A	N/A	KRAFT WE BUILD PEOPLE GIFT	$2,000	200

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$555,500	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$182	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$110,844	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$11,950	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	-$160,938	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (4 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
MACQUARIE EQUIPMENT K-1	14	-$2,076
ICON FUND 15	14	$1,610
LINN ENERGY	14	$691
OTHER	14	-$1,302

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	-$39,039	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$39,039	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING & TAX PREP	CategoryTxt
Amt	$12,260	Amt
Net Investment Income	$11,647	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$613	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
LOWES STOCK	$248,265	$495,500
COMMUNITY BANCORP	$16,503	$3,188
ALASKA COMMUNICATIONS SYS GROUP	$0	$0
PITNEY BOWES INC	$0	$0
FRONTIER COMMUNICATIONS CORPO	$0	$0
SURREY BANCORP	$3,851	$5,555
ALCOA INC	$0	$0
REYNOLDS AMERICAN INC	$64,950	$62,488
ALTRIA GROUP INC	$65,892	$67,183
DUKE ENERGY CORP	$27,675	$27,604
AT&T INC	$95,105	$91,416

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (15 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
COLE CREDIT PROPERTY TRUST II	AT COST	$0	$0
FRANKLIN SQUARE DEBT INSTRUMENT	AT COST	$400,000	$404,126
COLUMBIA PROPERTY TRUST	AT COST	$769,463	$477,785
MACQUARIE EQUPMENT LEASING FUND	AT COST	$165,522	$153,640
HARTFORD INSURANCE 1955316	AT COST	$2,302,032	$1,352,832
ICON CAPITAL CORP	AT COST	$41,079	$41,079
NEW YORK MTG	AT COST	$26,066	$27,960
NUVEEN	AT COST	$0	$0
PIMCO HIGH INCOME FUND	AT COST	$32,107	$30,290
ALLIANZGI CONV & INCOME FUND	AT COST	$31,305	$31,072
APOLLO INVESTMENT CORP	AT COST	$30,781	$30,510
GRIFFIN AMERICAN HEALTH REIT II	AT COST	$99,952	$99,952
GRIFFIN CAPITAL REIT	AT COST	$200,000	$200,000
CARTER VALIDUS REIT	AT COST	$250,000	$250,000
STEADFAST INCOME REIT	AT COST	$200,000	$200,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES	$100	$95	$5
DRILLING COSTS	$1,075	$1,075	$0
DEPLETION	$974	$974	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
NON DIVIDEND DISTRIBUTIONS	$11,950	$11,950	$11,950
MACQUARIE EQUIPMENT K-1	-$2,076	-$2,076	-$2,076
ICON FUND 15	$1,610	$1,610	$1,610
LINN ENERGY	$691	$691	$691
OTHER	-$1,302	-$1,302	-$1,302

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Description	PRIOR PERIOD ADJUSTMENT FOR LIFE INSURANCE VALUE`	Description
Amount	$796,196	Amount