Frederic M Hanes Tr Uw Fbo Duke University Nect, Duke University Nect in Winston Salem, North Carolina (NC)

Frederic M Hanes Tr Uw Fbo Duke University Nect, Duke University Nect
Employer Identification Number (EIN)	566036456
Name of Organization	Frederic M Hanes Tr Uw Fbo Duke University Nect
Secondary Name	Duke University Nect
In Care of Name	Wachovia Bank Na Ttee
Address	1 W 4th St 4th Fl, Winston Salem, NC 27101-3818
Activities	Non-exempt charitable trust described in section 4947(a)(1) of the Code
Subsection	4947(a)(1) - Private Foundation (Form 990PF Filer)
Ruling Date	03/1973
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Trust
Exempt Organization Status	Trust described in section 4947(a)(2) of the IR Code
Tax Period	08/2014
Assets	$10,000,000 to $49,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$13,636,513
Amount of Income	$5,207,136
Form 990 Revenue Amount	$1,007,138
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: University or Technological Institute

Non-representatives - add comments:

Amount of income in 2014: $5,207,136 (it was $6,210,801 in 2013)

This organization:	$5,207,136
Other organizations performing similar types of work:	$1,326,792

Assets in 2014: $13,636,513 (it was $13,914,630 in 2013)

This organization:	$13,636,513
Other organizations performing similar types of work:	$3,906,121

Expenses in 2013: $769,173

Frederic M Hanes Tr Uw Fbo Duke University Nect, Duke University Nect:	$769,173
Other organizations performing similar types of work:	$627,863

Income to expenses ratio in 2013: 6.8

This organization:	6.8
Other organizations performing similar types of work:	2.2

Grants share in income in 2013: 0.0%

Frederic M Hanes Tr Uw Fbo Duke University Nect, Duke University Nect:	0.0%
Other organizations performing similar types of work:	38.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$588,053	$584,802	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$383,075
Gross rents	$0
Gross sales price for all assets	$5,827,726
Gross profit from sales of goods	$0
Other income	$0
Other	$204,978
Total expenses and disbursements	$769,173	$96,838	$0	$659,825
Compensation of officers, directors, trustees, etc.	$123,977
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$711
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$141,073	$96,838		$31,725
Contributions, gifts, grants paid	$628,100
Excess of revenue over expenses and disbursements	$-181,120
Net investment income		$487,964
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$13,706,708	$14,135,980	$14,095,220	$14,541,488	$13,914,630	$14,842,338
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$0		$0
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$13,184,488		$13,632,122		$13,439,784
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$13,706,708		$14,095,220		$13,914,630

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$526,416	$517,235	$204,978
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$18,542	$15,526	$4,880
Total credits and payments	$6,859	$18,544	$15,528
Current year estimated tax payments and previous year's overpayment credited to current year	$6,859	$18,544	$15,528
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$0
Overpayment		$3,018	$10,648
Amount to be credited to next year's estimated tax	$0	$3,018	$4,880

	2011	2012	2013
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
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?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		Yes	Yes

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes	Yes	Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No	No	No
Agree to pay money or property to a government official?	No	No	No
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?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above 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?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year 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?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
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 this year?		No	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?	No	No	No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No	No	No
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?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$14,576,100	$14,096,378	$15,059,417
Net value of noncharitable-use assets		$13,884,932	$14,833,526
Minimum investment return	$717,873	$694,247	$741,676

	2011	2012	2013
Distributable Amount
Distributable amount	$699,331	$678,721	$736,796

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$699,331	$678,721	$736,796
Undistributed income for this year. This amount must be distributed in the next year	$305,902	$626,542	$703,513

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return	$0	$0	$0	$0	$0
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$0	$0	$0	$0	$0
Value of assets qualifying under section 4942(j)(3)(B)(i)	$0	$0	$0	$0	$0
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$383,075	$0
Dividends and interest from securities	$0	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
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?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	The Northern Michigan University Foundation	1401 Presque Isle Ave 603 Cohodas, Marquette, MI 49855	MI	1969-09	$44,734,231
2	University Of Kansas Memorial	1301 Jayhawk Blvd Rm 315, Lawrence, KS 66045-7593	KS	1929-11	$40,153,610
3	Winthrop University Foundation	302 Tillman Hall, Rock Hill, SC 29733-0001	SC	1976-04	$26,695,497
4	University Of Montevallo Foundation	Station 6215, Montevallo, AL 35115	AL	1979-08	$23,763,734
5	Stephen F Austin State University Alumni Foundation	PO BOX 6096 SFA STATION, Nacogdoches, TX 75962-0001	TX	1971-06	$17,726,041
6	Western Oregon University Development Foundation	The Cottage 345 N Monmouth Avenue, Monmouth, OR 97361	OR	1965-02	$12,107,765
7	Tulane Murphy Foundation Inc	1030 Audubon St, New Orleans, LA 70118-5239	LA	1971-06	$10,233,759
8	University Union Operation Of Ca State Univ Sacramento	6000 J St, Sacramento, CA 95819-2605	CA	1975-05	$8,897,448
9	Western Carolina University Foundation	315 Hf Robinson Administration Bldg, Cullowhee, NC 28723	NC	1972-01	$8,893,331
10	Suny Cobleskill Auxiliary Services Inc	152 Albany Ave, Cobleskill, NY 12043	NY	1970-03	$7,811,290
11	Frederic M Hanes Tr Uw Fbo Duke University Nect, Duke University Nect	1 W 4th St 4th Fl, Winston Salem, NC 27101-3818	NC	1973-03	$5,207,136
12	Emma Eccles Jones Endowment Fund	1 W 4th St 4th Fl Mac D 4000-041, Winston Salem, NC 27101-3818	NC	1994-07	$3,292,428
13	Fayetteville State University Foundation Inc	1200 Murchison Rd, Fayetteville, NC 28301-4252	NC	1911-08	$3,094,352
14	East Carolina University Real Estate Foundation Inc	2200 South Charles Blvd 1100, Greenville, NC 27858-5235	NC	1996-01	$2,209,287
15	School Of Journalism And Mass Communication Foundation Of North, Carolina Inc	Campus Box 3365 Carroll Hall, Chapel Hill, NC 27599-0001	NC	1950-10	$1,887,527
16	Dorminy Renard Benevolent Trust	1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818	NC	1987-12	$1,511,606
17	Foundation Of The University Of North Carolina At Wilmington Inc	601 South College Rd Box 5615, Wilmington, NC 28403-3201	NC	1966-01	$1,025,951
18	Dixson Mary Katherine Trust Uw Fbo High Point College	1 E 4th St 4th Fl Mac D4000-41, Winston Salem, NC 27101	NC	1981-07	$453,180
19	Marshall Evans Endowment Fund	PO BOX 2907, Wilson, NC 27894-2907	NC	1969-11	$312,691
20	Alston Pleasants Scholarship Fund	1 W 4th St 4th Fl, Winston Salem, NC 27101-3818	NC	1980-04	$176,089

Number of organizations performing similar types of work

Alaska	1
Alabama	8
Arkansas	2
Arizona	2
California	15
Colorado	1
Connecticut	7
District of Columbia	1
Florida	4
Georgia	2
Iowa	4
Idaho	1
Illinois	15
Indiana	7
Kansas	3
Kentucky	1
Louisiana	6
Massachusetts	6
Maryland	4
Maine	1
Michigan	10
Minnesota	3
Missouri	2
Mississippi	1

Montana	1
North Carolina	11
Nebraska	2
New Jersey	2
New Mexico	1
Nevada	1
New York	14
Ohio	14
Oklahoma	3
Oregon	4
Pennsylvania	12
Rhode Island	2
South Carolina	6
South Dakota	2
Tennessee	4
Texas	19
Utah	1
Virginia	4
Washington	6
Wisconsin	11
West Virginia	2
Wyoming	2
International	2

Total

233

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