Exempt Organization Business Income Tax Return

Transcription

1 Form For lendr yer 2014 or other tx yer eginning, nd ending. 34 Unrelted usiness txle inome. Sutrt line 33 from line 32. If line 33 is greter thn line 32, enter the smller of zero or line LHA For Pperwork Redution At tie, see instrutions. OMB Informtion out Form 990-T nd its instrutions is ville t Deprtment of the Tresury Open to Puli Inspetion for Internl Revenue Servie Do not enter SSN numers on this form s it my e mde puli if your orgniztion is 501()(3). 501()(3) Orgniztions Only Employer identifition numer A Chek ox if Nme of orgniztion ( Chek ox if nme hnged nd see instrutions.) D (Employees trust, see ddress hnged instrutions.) B Exempt under setion Print WINSTON-SALEM FOUNDATION ( )( ) or E Unrelted usiness tivity odes Numer, street, nd room or suite no. If P.O. ox, see instrutions. (See instrutions.) Type 408(e) 220(e) 751 WEST FOURTH STREET,. 200 Book vlue of ll ssets C t end of yer F Group exemption numer (See instrutions.) 343,520,896. G Chek orgniztion type 501() orportion 501() trust 401() trust Other trust H Desrie the orgniztion s primry unrelted usiness tivity. Investment Inome nd Cpitl Gins (Losses) I During the tx yer, ws the orportion susidiry in n ffilited group or prent-susidiry ontrolled group? ~~~~~~ If "," enter the nme nd identifying numer of the prent orportion. J The ooks re in re of The Winston-Slem Foundtion Telephone numer Prt I Unrelted Trde or Business Inome (A) Inome (B) Expenses (C) Net 1 Gross reeipts or sles Less returns nd llownes Blne ~~~ 12 Other inome (See instrutions; tth shedule) ~~~~~~~~~~~~ Totl. Comine lines 3 through <520,662.> <520,662.> Prt II Dedutions t Tken Elsewhere (See instrutions for limittions on dedutions.) (Exept for ontriutions, dedutions must e diretly onneted with the unrelted usiness inome.) T 408A 530() City or town, stte or provine, ountry, nd ZIP or foreign postl ode 529() WINSTON-SALEM, NC Cost of goods sold (Shedule A, line 7) ~~~~~~~~~~~~~~~~~ Gross profit. Sutrt line 2 from line 1 ~~~~~~~~~~~~~~~~ 4 Cpitl gin net inome (tth Shedule D) ~~~~~~~~~~~~~~~ Net gin (loss) (Form 4797, Prt II, line 17) (tth Form 4797) ~~~~~~ Cpitl loss dedution for trusts ~~~~~~~~~~~~~~~~~~~~ Inome (loss) from prtnerships nd S orportions (tth sttement) ~~~ Rent inome (Shedule C) ~~~~~~~~~~~~~~~~~~~~~~ Unrelted det-finned inome (Shedule E) ~~~~~~~~~~~~~~ Interest, nnuities, roylties, nd rents from ontrolled orgniztions (Sh. F)~ Investment inome of setion 501()(7), (9), or (17) orgniztion (Shedule G) Exploited exempt tivity inome (Shedule I) ~~~~~~~~~~~~~~ Advertising inome (Shedule J) ~~~~~~~~~~~~~~~~~~~~ Compenstion of offiers, diretors, nd trustees (Shedule K) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Slries nd wges ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repirs nd mintenne Bd dets ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Interest (tth shedule) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Txes nd lienses ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Chritle ontriutions (See instrutions for limittion rules) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Sttement 3 See Sttement 2 Depreition (tth Form 4562) Less depreition limed on Shedule A nd elsewhere on return Depletion Contriutions to deferred ompenstion plns Exempt Orgniztion Business Inome Tx Return (nd proxy tx under setion 6033(e)) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Totl dedutions. Add lines 14 through 28 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Unrelted usiness txle inome efore net operting loss dedution. Sutrt line 29 from line 13 ~~~~~~~~~~~~ Net operting loss dedution (limited to the mount on line 30) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ See Sttement ~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Employee enefit progrms ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exess exempt expenses (Shedule I) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exess redership osts (Shedule J) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other dedutions (tth shedule) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Unrelted usiness txle inome efore speifi dedution. Sutrt line 31 from line 30 ~~~~~~~~~~~~~~~~~ Speifi dedution (Generlly $1,000, ut see line 33 instrutions for exeptions) ~~~~~~~~~~~~~~~~~~~~~ <520,662.> <520,662.> <520,662.> <520,662.> 1,000. <520,662.> Form 990-T (2014)

2

3 Form 990-T (2014) WINSTON-SALEM FOUNDATION Pge Shedule C - Rent Inome (From Rel Property nd Personl Property Lesed With Rel Property) (see instrutions) 3 1. Desription of (1) (2) (3) (4) (1) (2) (3) () 2. From personl (if the perentge of rent for personl is more thn 10% ut not more thn 50%) Rent reeived or rued () From rel nd personl (if the perentge of rent for personl exeeds 50% or if the rent is sed on profit or inome) 3() Dedutions diretly onneted with the inome in olumns 2() nd 2() (tth shedule) (4) Totl 0. Totl 0. () Totl inome. Add totls of olumns 2() nd 2(). Enter () Totl dedutions. Enter here nd on pge 1, here nd on pge 1, Prt I, line 6, olumn (A) 0. Prt I, line 6, olumn (B) 0. Shedule E - Unrelted Det-Finned Inome (see instrutions) 3. Dedutions diretly onneted with or llole 2. Gross inome from to det-finned 1. Desription of det-finned or llole to detfinned () Stright line depreition () Other dedutions (tth shedule) (tth shedule) (1) (2) (3) (4) (1) (2) (3) (4) 4. Amount of verge quisition 5. Averge djusted sis 6. Column 4 divided 7. Gross inome 8. Allole dedutions det on or llole to det-finned of or llole to y olumn 5 reportle (olumn (olumn 6 x totl of olumns (tth shedule) det-finned 2 x olumn 6) 3() nd 3()) (tth shedule) Enter here nd on pge 1, Prt I, line 7, olumn (A). Enter here nd on pge 1, Prt I, line 7, olumn (B). Totls ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Totl dividends-reeived dedutions inluded in olumn 8 0. Shedule F - Interest, Annuities, Roylties, nd Rents From Controlled Orgniztions (see instrutions) Exempt Controlled Orgniztions 1. Nme of ontrolled orgniztion Prt of olumn 4 tht is 6. Dedutions diretly Employer identifition Net unrelted inome Totl of speified inluded in the ontrolling onneted with inome numer (loss) (see instrutions) pyments mde orgniztion s gross inome in olumn 5 % % % % (1) (2) (3) (4) nexempt Controlled Orgniztions 7. Txle Inome 8. Net unrelted inome (loss) 9. Totl of speified pyments 10. Prt of olumn 9 tht is inluded 11. Dedutions diretly onneted (see instrutions) mde in the ontrolling orgniztion s with inome in olumn 10 gross inome (1) (2) (3) (4) Totls J Add olumns 5 nd 10. Enter here nd on pge 1, Prt I, line 8, olumn (A). Add olumns 6 nd 11. Enter here nd on pge 1, Prt I, line 8, olumn (B) Form 990-T (2014)

4 Form 990-T (2014) WINSTON-SALEM FOUNDATION Shedule G - Investment Inome of Setion 501()(7), (9), or (17) Orgniztion (see instrutions) (1) (2) (3) (4) 1. Desription of exploited tivity 1. Desription of inome 2. Amount of inome 2. Gross unrelted usiness inome from trde or usiness Enter here nd on pge 1, Prt I, line 10, ol. (A). 3. Expenses diretly onneted with prodution of unrelted usiness inome Enter here nd on pge 1, Prt I, line 10, ol. (B). Enter here nd on pge 1, Prt I, line 9, olumn (A). 4. Net inome (loss) from unrelted trde or usiness (olumn 2 minus olumn 3). If gin, ompute ols. 5 through Dedutions Totl dedutions diretly onneted 4. Set-sides 5. nd set-sides (tth shedule) (tth shedule) (ol. 3 plus ol. 4) 5. Gross inome 6. Expenses from tivity tht ttriutle to is not unrelted olumn 5 usiness inome Enter here nd on pge 1, Prt I, line 9, olumn (B). Totls Shedule I - Exploited Exempt Ativity Inome, Other Thn Advertising Inome (see instrutions) (1) (2) (3) (4) Exess exempt expenses (olumn 6 minus olumn 5, ut not more thn olumn 4). Enter here nd on pge 1, Prt II, line 26. Totls Shedule J - Advertising Inome (see instrutions) Prt I Inome From Periodils Reported on Consolidted Bsis Pge 4 1. Nme of periodil 2. Gross 3. Diret dvertising dvertising osts inome 4. Advertising gin or (loss) (ol. 2 minus ol. 3). If gin, ompute ols. 5 through Cirultion 6. Redership inome osts 7. Exess redership osts (olumn 6 minus olumn 5, ut not more thn olumn 4). (1) (2) (3) (4) Totls (rry to Prt II, line (5)) Prt II Inome From Periodils Reported on Seprte Bsis (For eh periodil listed in Prt II, fill in olumns 2 through 7 on line-y-line sis.) (1) (2) (3) (4) Totls from Prt I Nme of periodil 2. Gross 3. Diret dvertising dvertising osts inome Enter here nd on pge 1, Prt I, line 11, ol. (A). Enter here nd on pge 1, Prt I, line 11, ol. (B). 4. Advertising gin or (loss) (ol. 2 minus ol. 3). If gin, ompute ols. 5 through Cirultion 6. Redership inome osts 7. Exess redership osts (olumn 6 minus olumn 5, ut not more thn olumn 4). Enter here nd on pge 1, Prt II, line 27. Totls, Prt II (lines 1-5) Shedule K - Compenstion of Offiers, Diretors, nd Trustees (see instrutions) 3. Perent of 4. Compenstion ttriutle Title time devoted to 1. Nme 2. to unrelted usiness usiness (1) (2) (3) (4) Totl. Enter here nd on pge 1, Prt II, line % % % % 9 0. Form 990-T (2014)

5 WINSTON-SALEM FOUNDATION }}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Footnotes Sttement 1 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} ELECTION TO FORGO THE ENTIRE NET OPERATING LOSS CARRYBACK }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} THE FOUNDATION INCURRED A NET OPERATING LOSS IN THE TA YEAR ENDED 12/31/2014. PURSUANT TO IRC SECTION 172(B)(3), THE FOUNDATION HEREBY ELECTS TO RELINQUISH THE ENTIRE CARRYBACK PERIOD WITH RESPECT TO ANY REGULAR TA AND AMT NET OPERATING LOSSES. 109 Sttement(s) 1

6 WINSTON-SALEM FOUNDATION }}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990-T Contriutions Sttement 2 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} Desription/Kind of Property Method Used to Determine FMV Amount }}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}}}}} Csh N/A 1,000,000. Contriution Crryover from N/A ,530. Contriution Crryover from N/A ,302. Contriution Crryover from 2011 N/A 423,677. }}}}}}}}}}}}}} Totl to Form 990-T, Pge 1, line 20 2,451,509. ~~~~~~~~~~~~~~ 110 Sttement(s) 2

7 WINSTON-SALEM FOUNDATION }}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990-T Contriutions Summry Sttement 3 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} Qulified Contriutions Sujet to 100% Limit Crryover of Prior Yers Unused Contriutions For Tx Yer 2009 For Tx Yer 2010 For Tx Yer ,677 For Tx Yer ,302 For Tx Yer ,530 Totl Crryover Totl Current Yer 10% Contriutions Totl Contriutions Aville Txle Inome Limittion s Adjusted Exess 10% Contriutions Exess 100% Contriutions Totl Exess Contriutions }}}}}}}}}}}}}} 1,451,509 2,451,509 }}}}}}}}}}}}}} 3,903,018 0 }}}}}}}}}}}}}} 3,903, ,903,018 }}}}}}}}}}}}}} Allowle Contriutions Dedution 0 }}}}}}}}}}}}}} Totl Contriution Dedution 0 ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 111 Sttement(s) 3

8 WINSTON-SALEM FOUNDATION }}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990-T Net Operting Loss Dedution Sttement 4 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} Loss Previously Loss Aville Tx Yer Loss Sustined Applied Remining This Yer }}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} }}}}}}}}}}}}}} 12/31/12 34, , , /31/13 46, ,729. }}}}}}}}}}}}}} 46,729. }}}}}}}}}}}}}} NOL Crryover Aville This Yer 81, ,188. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 990-T Inome (Loss) from Prtnerships Sttement 5 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} Net Inome Prtnership Nme Gross Inome Dedutions or (Loss) }}}}}}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}}}} Glol Endowment Fund II, LP <429,439.> 0. <429,439.> GEM Liquid Mrkets Fund, LP <3,547.> 0. <3,547.> Mnged Futues Legends ASP Fund 4, ,926. DTC Privte Equity IV-Q LP <12,175.> 0. <12,175.> Aess Midstrem Prtners LP <3,774.> 0. <3,774.> Antero Midstrem Prtners <75.> 0. <75.> Bukeye Prtners Units LP <3,468.> 0. <3,468.> DCP Midstrem Prtners LP <3,215.> 0. <3,215.> Dominion Midstrem Prtners LP <18.> 0. <18.> El Pso Pipeline Prtners LP <127.> 0. <127.> Enridge Energy Prtners, LP <205.> 0. <205.> Energy Trnsfer Equity LP <6,781.> 0. <6,781.> Energy Trnsfer Prtners, LP <529.> 0. <529.> EnLink Midstrem Prtners, LP <2,163.> 0. <2,163.> Enterprise Produts Prtners LP <10,829.> 0. <10,829.> EQT Midstrem Prtners, LP <1,109.> 0. <1,109.> Genesis Energy LP <3,987.> 0. <3,987.> Kinder Morgn Energy Prtners, L.P. <179.> 0. <179.> Mgelln Midstrem Prtners, L.P. <2,696.> 0. <2,696.> MrkWest Energy Prtners LP <8,544.> 0. <8,544.> MPL LP <736.> 0. <736.> Oiltnking Prtners LP <426.> 0. <426.> Phillips 66 Prtners LP <218.> 0. <218.> Plins All Amerin Pipeline LP <6,381.> 0. <6,381.> Regeny Energy Prtners LP <4,401.> 0. <4,401.> Shell Midstrem Prtners LP <50.> 0. <50.> Spetr Energy Prtners, LP <2,626.> 0. <2,626.> Sunoo Logistis Prtners LP <6,883.> 0. <6,883.> Trg Resoures Prtners LP <2,459.> 0. <2,459.> Tesoro Logistis LP <2,340.> 0. <2,340.> Vlero Energy Prtners LP <135.> 0. <135.> Western Gs Equity Prtners LP <887.> 0. <887.> Western Gs Prtners, LP <5,186.> 0. <5,186.> }}}}}}}}}}}} }}}}}}}}}}}} }}}}}}}}}}}}}} Totl to Form 990-T, Pge 1, line 5 <520,662.> 0. <520,662.> ~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~~~ 112 Sttement(s) 4, 5

9 Form 8886 (Rev. Mrh 2011) Deprtment of the Tresury Internl Revenue Servie Nme(s) shown on return (individuls enter lst nme, first nme, middle initil) Reportle Trnstion Dislosure Sttement Atth to your tx return. See seprte instrutions. OMB Atthment Sequene. Identifying numer 137 WINSTON-SALEM FOUNDATION Numer, street, nd room or suite no. City or town, stte, nd ZIP ode 751 WEST FOURTH STREET,. 200 WINSTON-SALEM, NC A B C 1 Nme of reportle trnstion Foreign urreny loss trnstion 1 Initil yer prtiipted in trnstion If you re filing more thn one Form 8886 with your tx return, sequentilly numer eh Form 8886 nd enter the sttement numer for this Form 8886 ~~~~~~~~~~~~~~~~~~~~~~~ Sttement numer of Enter the form numer of the tx return to whih this form is tthed or relted ~~~~~~~~~~~~~~~~~~~~~~ 990 Enter the yer of the tx return identified ove ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2014 Is this Form 8886 eing filed with n mended tx return? Chek the ox(es) tht pply (see instrutions). Initil yer filer Protetive dislosure Identify the type of reportle trnstion. Chek ll oxes tht pply (see instrutions). d Listed Confidentil d Contrtul protetion If you heked ox 2 or 2e, enter the pulished guidne numer for the listed trnstion or trnstion of interest ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Loss e 1 Reportle trnstion or tx shelter registrtion numer Trnstion of interest Enter the numer of "sme s or sustntilly similr" trnstions reported on this form ~~~~~~~~~~~~~~~~~~~~~ If you prtiipted in this reportle trnstion through prtnership, S orportion, trust, nd foreign entity, hek the pplile oxes nd provide the informtion elow for the entity(s) (see instrutions). (Atth dditionl sheets, if neessry.) Type of entity ~~~~~~~~ Prtnership Trust Prtnership S orportion Nme Glol Endowment Fund II, LP Employer identifition numer (EIN), if known Dte Shedule K-1 reeived from entity (enter "none" if Shedule K-1 not reeived) ~~~~ Foreign S orportion Enter elow the nme nd ddress of eh individul or entity to whom you pid fee with regrd to the trnstion if tht individul or entity promoted, soliited, or Trust Foreign reommended your prtiiption in the trnstion, or provided tx dvie relted to the trnstion. (Atth dditionl sheets, if neessry.) Nme Identifying numer (if known) Fees pid Numer, street, nd room or suite no /29/2015 $ City or town, Stte, nd ZIP ode Nme Numer, street, nd room or suite no. Identifying numer (if known) Fees pid $ City or town, Stte, nd ZIP ode LHA For Pperwork Redution At tie, see seprte instrutions. Form 8886 (Rev ) 113

10 WINSTON-SALEM FOUNDATION Form 8886 (Rev ) Pge 2 7 Fts Identify the type of tx enefit generted y the trnstion. Chek ll the oxes tht pply (see instrutions). Dedutions Exlusions from gross inome Asene of djustments to sis Tx Credits Cpitl loss nreognition of gin Deferrl Ordinry loss Adjustments to sis Other Further desrie the mount nd nture of the expeted tx tretment nd expeted tx enefits generted y the trnstion for ll ffeted yers. Inlude fts of eh step of the trnstion tht relte to the expeted tx enefits inluding the mount nd nture of your investment. Inlude in your desription your prtiiption in the trnstion nd ll relted trnstions regrdless of the yer in whih they were entered into. Also, inlude desription of ny tx result protetion with respet to the trnstion. See Sttement 6 8 Identify ll individuls nd entities involved in the trnstion tht re tx-exempt, foreign, or relted. Chek the pproprite ox(es) (see instrutions). Inlude their nme(s), identifying numer(s), ddress(es), nd rief desription of their involvement. For eh foreign entity, identify its ountry of inorportion or existene. For eh individul or relted entity, explin how the individul or entity is relted. Atth dditionl sheets, if neessry. Type of individul or entity: Tx-exempt Foreign Relted Nme Identifying numer Address Desription Nme Type of individul or entity: Tx-exempt Foreign Relted Identifying numer Address Desription Form 8886 (Rev ) 114

11 WINSTON-SALEM FOUNDATION }}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 8886 Sttement 6 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} $86,262 in IRC Setion 988 loss on foreign urreny trnstions involving rwegin krones. Glol Endowment Fund II, LP is fund tht invests in other prtnership funds tht trde in vrious stoks, seurities nd relted finnil instruments. These other prtnership funds my need to mintin sh in non-u.s. dollr denominted urrenies s prt of their regulr tivity, the purpose of whih is to generte pre-tx eonomi rte of return. The djusted tx sis of non-u.s. dollr denominted urrenies otined y the other prtnership funds re determined y wy of sh pid. Gins nd losses on suh urreny trnstions re hrterized s ordinry under IRC Setion Sttement(s) 6

12 Form (Rev. Deemer 2013) Deprtment of the Tresury Informtion out Form 926 nd its seprte instrutions is t Internl Revenue Servie Atth to your inome tx return for the yer of the trnsfer or distriution. Prt I U.S. Trnsferor Informtion (see instrutions) Nme of trnsferor WINSTON-SALEM FOUNDATION Return y U.S. Trnsferor of Property to Foreign Corportion If the trnsferor ws orportion, omplete questions 1 through 1d. If the trnsfer ws setion 361() or () trnsfer, ws the trnsferor ontrolled (under setion 368()) y 5 or fewer domesti orportions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the trnsferor remin in existene fter the trnsfer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If not, list the ontrolling shreholder(s) nd their identifying numer(s): OMB Atthment Sequene. Identifying numer (see instrutions) Controlling shreholder Identifying numer If the trnsferor ws memer of n ffilited group filing onsolidted return, ws it the prent orportion?~~~ If not, list the nme nd employer identifition numer (EIN) of the prent orportion: Nme of prent orportion EIN of prent orportion d Hve sis djustments under setion 367()(5) een mde? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 If the trnsferor ws prtner in prtnership tht ws the tul trnsferor (ut is not treted s suh under setion 367), omplete questions 2 through 2d. List the nme nd EIN of the trnsferor s prtnership: Nme of prtnership EIN of prtnership Is the prtner disposing of its entire interest in the prtnership? ~~~~~~~~~~~~~~~~~~~~~~~~~~ d Is the prtner disposing of n interest in limited prtnership tht is regulrly trded on n estlished seurities mrket? Prt II Trnsferee Foreign Corportion Informtion (see instrutions) 3 Nme of trnsferee (foreign orportion) 4 Identifying numer, if ny 5 Address (inluding ountry) 590 Mdison Avenue, 31st Floor New York, NY Country ode of ountry of inorportion or orgniztion CJ 7 Foreign lw hrteriztion (see instrutions) Corportion 8 Corin Pinehurst Inst. ASP Fund Did the prtner pik up its pro rt shre of gin on the trnsfer of prtnership ssets? ~~~~~~~~~~~~~~~ Pinehurst Institutionl, Ltd Is the trnsferee foreign orportion ontrolled foreign orportion? LHA For Pperwork Redution At tie, see seprte instrutions. Form 926 (Rev ) Referene ID numer

13 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt III Informtion Regrding Trnsfer of Property (see instrutions) Pge 2 Csh Type of () () () (d) (e) Dte of Desription of Fir mrket vlue on Cost or other Gin reognized on trnsfer dte of trnsfer sis trnsfer Stmt 7 Stok nd seurities Instllment oligtions, ount reeivles or similr Foreign urreny or other denominted in foreign urreny Inventory Assets sujet to depreition repture (see Temp. Regs. se ()-4T()) Tngile used in trde or usiness not listed under nother tegory Intngile Property to e lesed (s desried in finl nd temp. Regs. se ()-4()) Property to e sold (s desried in Temp. Regs. se ()-4T(d)) Trnsfers of oil nd gs working interests (s desried in Temp. Regs. se ()-4T(e)) Other Supplementl Informtion Required To Be Reported (see instrutions): Form 926 (Rev )

14 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt IV Additionl Informtion Regrding Trnsfer of Property (see instrutions) 9 Enter the trnsferor s interest in the foreign trnsferee orportion efore nd fter the trnsfer: Pge 3 () Before % () After % 10 Type of nonreognition trnstion (see instrutions) Setion d Indite whether ny trnsfer reported in Prt III is sujet to ny of the following: Gin reognition under setion 904(f)(3) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gin reognition under setion 904(f)(5)(F) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repture under setion 1503(d) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhnge gin under setion 987 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 Did this trnsfer result from hnge in the lssifition of the trnsferee to tht of foreign orportion?~~~~~ 13 d Indite whether the trnsferor ws required to reognize inome under finl nd Temporry Regultions setions 1.367()-4 through 1.367()-6 for ny of the following: Tinted ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreition repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Brnh loss repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any other inome reognition provision ontined in the ove-referened regultions ~~~~~~~~~~~~~~~ 14 Did the trnsferor trnsfer ssets whih qulify for the trde or usiness exeption under setion 367()(3)? ~~~~ 15 Did the trnsferor trnsfer foreign goodwill or going onern vlue s defined in Temporry Regultions setion 1.367()-1T(d)(5)(iii)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the nswer to line 15 is "," enter the mount of foreign goodwill or going onern vlue trnsferred $ 16 Ws sh the only trnsferred?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 17 Ws intngile (within the mening of setion 936(h)(3)(B)) trnsferred s result of the trnstion? ~~~ If "," desrie the nture of the rights to the intngile tht ws trnsferred s result of the trnstion: Form 926 (Rev )

15 Form (Rev. Deemer 2013) Deprtment of the Tresury Informtion out Form 926 nd its seprte instrutions is t Internl Revenue Servie Atth to your inome tx return for the yer of the trnsfer or distriution. Prt I U.S. Trnsferor Informtion (see instrutions) Nme of trnsferor WINSTON-SALEM FOUNDATION Return y U.S. Trnsferor of Property to Foreign Corportion If the trnsferor ws orportion, omplete questions 1 through 1d. If the trnsfer ws setion 361() or () trnsfer, ws the trnsferor ontrolled (under setion 368()) y 5 or fewer domesti orportions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the trnsferor remin in existene fter the trnsfer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If not, list the ontrolling shreholder(s) nd their identifying numer(s): OMB Atthment Sequene. Identifying numer (see instrutions) Controlling shreholder Identifying numer If the trnsferor ws memer of n ffilited group filing onsolidted return, ws it the prent orportion?~~~ If not, list the nme nd employer identifition numer (EIN) of the prent orportion: Nme of prent orportion EIN of prent orportion d Hve sis djustments under setion 367()(5) een mde? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 If the trnsferor ws prtner in prtnership tht ws the tul trnsferor (ut is not treted s suh under setion 367), omplete questions 2 through 2d. List the nme nd EIN of the trnsferor s prtnership: Nme of prtnership EIN of prtnership Is the prtner disposing of its entire interest in the prtnership? ~~~~~~~~~~~~~~~~~~~~~~~~~~ d Is the prtner disposing of n interest in limited prtnership tht is regulrly trded on n estlished seurities mrket? Prt II Trnsferee Foreign Corportion Informtion (see instrutions) 3 Nme of trnsferee (foreign orportion) 4 Identifying numer, if ny 5 Address (inluding ountry) Sertus Inorportions, Sertus Chmers, PO Box 2547, Cs Cmn By, Grnd Cymn Cymn Islnds 6 Country ode of ountry of inorportion or orgniztion CJ 7 Foreign lw hrteriztion (see instrutions) Corportion 8 Glol Endowment Fund II, LP Did the prtner pik up its pro rt shre of gin on the trnsfer of prtnership ssets? ~~~~~~~~~~~~~~~ ioju Siene nd Tehnology Limited Is the trnsferee foreign orportion ontrolled foreign orportion? LHA For Pperwork Redution At tie, see seprte instrutions. Form 926 (Rev ) Referene ID numer

16 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt III Informtion Regrding Trnsfer of Property (see instrutions) Pge 2 Csh Type of () () () (d) (e) Dte of Desription of Fir mrket vlue on Cost or other Gin reognized on trnsfer dte of trnsfer sis trnsfer 12/10/ ,092. Stok nd seurities Instllment oligtions, ount reeivles or similr Foreign urreny or other denominted in foreign urreny Inventory Assets sujet to depreition repture (see Temp. Regs. se ()-4T()) Tngile used in trde or usiness not listed under nother tegory Intngile Property to e lesed (s desried in finl nd temp. Regs. se ()-4()) Property to e sold (s desried in Temp. Regs. se ()-4T(d)) Trnsfers of oil nd gs working interests (s desried in Temp. Regs. se ()-4T(e)) Other Supplementl Informtion Required To Be Reported (see instrutions): Form 926 (Rev )

17 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt IV Additionl Informtion Regrding Trnsfer of Property (see instrutions) 9 Enter the trnsferor s interest in the foreign trnsferee orportion efore nd fter the trnsfer: Pge 3 () Before % () After % 10 Type of nonreognition trnstion (see instrutions) Setion d Indite whether ny trnsfer reported in Prt III is sujet to ny of the following: Gin reognition under setion 904(f)(3) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gin reognition under setion 904(f)(5)(F) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repture under setion 1503(d) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhnge gin under setion 987 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 Did this trnsfer result from hnge in the lssifition of the trnsferee to tht of foreign orportion?~~~~~ 13 d Indite whether the trnsferor ws required to reognize inome under finl nd Temporry Regultions setions 1.367()-4 through 1.367()-6 for ny of the following: Tinted ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreition repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Brnh loss repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any other inome reognition provision ontined in the ove-referened regultions ~~~~~~~~~~~~~~~ 14 Did the trnsferor trnsfer ssets whih qulify for the trde or usiness exeption under setion 367()(3)? ~~~~ 15 Did the trnsferor trnsfer foreign goodwill or going onern vlue s defined in Temporry Regultions setion 1.367()-1T(d)(5)(iii)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the nswer to line 15 is "," enter the mount of foreign goodwill or going onern vlue trnsferred $ 16 Ws sh the only trnsferred?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 17 Ws intngile (within the mening of setion 936(h)(3)(B)) trnsferred s result of the trnstion? ~~~ If "," desrie the nture of the rights to the intngile tht ws trnsferred s result of the trnstion: Form 926 (Rev )

18 Form (Rev. Deemer 2013) Deprtment of the Tresury Informtion out Form 926 nd its seprte instrutions is t Internl Revenue Servie Atth to your inome tx return for the yer of the trnsfer or distriution. Prt I U.S. Trnsferor Informtion (see instrutions) Nme of trnsferor WINSTON-SALEM FOUNDATION Return y U.S. Trnsferor of Property to Foreign Corportion If the trnsferor ws orportion, omplete questions 1 through 1d. If the trnsfer ws setion 361() or () trnsfer, ws the trnsferor ontrolled (under setion 368()) y 5 or fewer domesti orportions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the trnsferor remin in existene fter the trnsfer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If not, list the ontrolling shreholder(s) nd their identifying numer(s): OMB Atthment Sequene. Identifying numer (see instrutions) Controlling shreholder Identifying numer If the trnsferor ws memer of n ffilited group filing onsolidted return, ws it the prent orportion?~~~ If not, list the nme nd employer identifition numer (EIN) of the prent orportion: Nme of prent orportion EIN of prent orportion d Hve sis djustments under setion 367()(5) een mde? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 If the trnsferor ws prtner in prtnership tht ws the tul trnsferor (ut is not treted s suh under setion 367), omplete questions 2 through 2d. List the nme nd EIN of the trnsferor s prtnership: Nme of prtnership EIN of prtnership Is the prtner disposing of its entire interest in the prtnership? ~~~~~~~~~~~~~~~~~~~~~~~~~~ d Is the prtner disposing of n interest in limited prtnership tht is regulrly trded on n estlished seurities mrket? Prt II Trnsferee Foreign Corportion Informtion (see instrutions) 3 Nme of trnsferee (foreign orportion) 4 Identifying numer, if ny 5 Address (inluding ountry) 80 Rffles Ple, #32-02, UOB Plz Singpore, Singpore 6 Country ode of ountry of inorportion or orgniztion SN 7 Foreign lw hrteriztion (see instrutions) Privte Compny Limited y Shres 8 Glol Endowment Fund II, LP Did the prtner pik up its pro rt shre of gin on the trnsfer of prtnership ssets? ~~~~~~~~~~~~~~~ Flipkrt Privte Limited Is the trnsferee foreign orportion ontrolled foreign orportion? LHA For Pperwork Redution At tie, see seprte instrutions. Form 926 (Rev ) Referene ID numer

19 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt III Informtion Regrding Trnsfer of Property (see instrutions) Pge 2 Csh Type of () () () (d) (e) Desription of Fir mrket vlue on Cost or other dte of trnsfer sis 102,726. Dte of trnsfer Gin reognized on trnsfer Stok nd seurities Instllment oligtions, ount reeivles or similr Foreign urreny or other denominted in foreign urreny Inventory Assets sujet to depreition repture (see Temp. Regs. se ()-4T()) Tngile used in trde or usiness not listed under nother tegory Intngile Property to e lesed (s desried in finl nd temp. Regs. se ()-4()) Property to e sold (s desried in Temp. Regs. se ()-4T(d)) Trnsfers of oil nd gs working interests (s desried in Temp. Regs. se ()-4T(e)) Other Supplementl Informtion Required To Be Reported (see instrutions): Form 926 (Rev )

20 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt IV Additionl Informtion Regrding Trnsfer of Property (see instrutions) 9 Enter the trnsferor s interest in the foreign trnsferee orportion efore nd fter the trnsfer: Pge 3 () Before % () After % 10 Type of nonreognition trnstion (see instrutions) Setion d Indite whether ny trnsfer reported in Prt III is sujet to ny of the following: Gin reognition under setion 904(f)(3) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gin reognition under setion 904(f)(5)(F) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repture under setion 1503(d) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhnge gin under setion 987 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 Did this trnsfer result from hnge in the lssifition of the trnsferee to tht of foreign orportion?~~~~~ 13 d Indite whether the trnsferor ws required to reognize inome under finl nd Temporry Regultions setions 1.367()-4 through 1.367()-6 for ny of the following: Tinted ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreition repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Brnh loss repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any other inome reognition provision ontined in the ove-referened regultions ~~~~~~~~~~~~~~~ 14 Did the trnsferor trnsfer ssets whih qulify for the trde or usiness exeption under setion 367()(3)? ~~~~ 15 Did the trnsferor trnsfer foreign goodwill or going onern vlue s defined in Temporry Regultions setion 1.367()-1T(d)(5)(iii)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the nswer to line 15 is "," enter the mount of foreign goodwill or going onern vlue trnsferred $ 16 Ws sh the only trnsferred?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 17 Ws intngile (within the mening of setion 936(h)(3)(B)) trnsferred s result of the trnstion? ~~~ If "," desrie the nture of the rights to the intngile tht ws trnsferred s result of the trnstion: Form 926 (Rev )

21 Form (Rev. Deemer 2013) Deprtment of the Tresury Informtion out Form 926 nd its seprte instrutions is t Internl Revenue Servie Atth to your inome tx return for the yer of the trnsfer or distriution. Prt I U.S. Trnsferor Informtion (see instrutions) Nme of trnsferor WINSTON-SALEM FOUNDATION Return y U.S. Trnsferor of Property to Foreign Corportion If the trnsferor ws orportion, omplete questions 1 through 1d. If the trnsfer ws setion 361() or () trnsfer, ws the trnsferor ontrolled (under setion 368()) y 5 or fewer domesti orportions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the trnsferor remin in existene fter the trnsfer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If not, list the ontrolling shreholder(s) nd their identifying numer(s): OMB Atthment Sequene. Identifying numer (see instrutions) Controlling shreholder Identifying numer If the trnsferor ws memer of n ffilited group filing onsolidted return, ws it the prent orportion?~~~ If not, list the nme nd employer identifition numer (EIN) of the prent orportion: Nme of prent orportion EIN of prent orportion d Hve sis djustments under setion 367()(5) een mde? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 If the trnsferor ws prtner in prtnership tht ws the tul trnsferor (ut is not treted s suh under setion 367), omplete questions 2 through 2d. List the nme nd EIN of the trnsferor s prtnership: Nme of prtnership EIN of prtnership Is the prtner disposing of its entire interest in the prtnership? ~~~~~~~~~~~~~~~~~~~~~~~~~~ d Is the prtner disposing of n interest in limited prtnership tht is regulrly trded on n estlished seurities mrket? Prt II Trnsferee Foreign Corportion Informtion (see instrutions) 3 Nme of trnsferee (foreign orportion) 4 Identifying numer, if ny 5 Address (inluding ountry) /o Mples Corporte Servie Ltd, PO Box 309 Uglnd House, Grnd Cymn KY Cymn Islnds 6 Country ode of ountry of inorportion or orgniztion CJ 7 Foreign lw hrteriztion (see instrutions) Corportion 8 Glol Endowment Fund II, LP Did the prtner pik up its pro rt shre of gin on the trnsfer of prtnership ssets? ~~~~~~~~~~~~~~~ BNY Series Instit. ST Tresury Invest Seg. - Offshore Is the trnsferee foreign orportion ontrolled foreign orportion? LHA For Pperwork Redution At tie, see seprte instrutions. Form 926 (Rev ) Referene ID numer

22 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt III Informtion Regrding Trnsfer of Property (see instrutions) Pge 2 Csh Type of () () () (d) (e) Desription of Fir mrket vlue on Cost or other dte of trnsfer sis 397,861. Dte of trnsfer Gin reognized on trnsfer Stok nd seurities Instllment oligtions, ount reeivles or similr Foreign urreny or other denominted in foreign urreny Inventory Assets sujet to depreition repture (see Temp. Regs. se ()-4T()) Tngile used in trde or usiness not listed under nother tegory Intngile Property to e lesed (s desried in finl nd temp. Regs. se ()-4()) Property to e sold (s desried in Temp. Regs. se ()-4T(d)) Trnsfers of oil nd gs working interests (s desried in Temp. Regs. se ()-4T(e)) Other Supplementl Informtion Required To Be Reported (see instrutions): Form 926 (Rev )

23 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt IV Additionl Informtion Regrding Trnsfer of Property (see instrutions) 9 Enter the trnsferor s interest in the foreign trnsferee orportion efore nd fter the trnsfer: Pge 3 () Before % () After % 10 Type of nonreognition trnstion (see instrutions) Setion d Indite whether ny trnsfer reported in Prt III is sujet to ny of the following: Gin reognition under setion 904(f)(3) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gin reognition under setion 904(f)(5)(F) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repture under setion 1503(d) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhnge gin under setion 987 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 Did this trnsfer result from hnge in the lssifition of the trnsferee to tht of foreign orportion?~~~~~ 13 d Indite whether the trnsferor ws required to reognize inome under finl nd Temporry Regultions setions 1.367()-4 through 1.367()-6 for ny of the following: Tinted ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreition repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Brnh loss repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any other inome reognition provision ontined in the ove-referened regultions ~~~~~~~~~~~~~~~ 14 Did the trnsferor trnsfer ssets whih qulify for the trde or usiness exeption under setion 367()(3)? ~~~~ 15 Did the trnsferor trnsfer foreign goodwill or going onern vlue s defined in Temporry Regultions setion 1.367()-1T(d)(5)(iii)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the nswer to line 15 is "," enter the mount of foreign goodwill or going onern vlue trnsferred $ 16 Ws sh the only trnsferred?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 17 Ws intngile (within the mening of setion 936(h)(3)(B)) trnsferred s result of the trnstion? ~~~ If "," desrie the nture of the rights to the intngile tht ws trnsferred s result of the trnstion: Form 926 (Rev )

24 Form (Rev. Deemer 2013) Deprtment of the Tresury Informtion out Form 926 nd its seprte instrutions is t Internl Revenue Servie Atth to your inome tx return for the yer of the trnsfer or distriution. Prt I U.S. Trnsferor Informtion (see instrutions) Nme of trnsferor WINSTON-SALEM FOUNDATION Return y U.S. Trnsferor of Property to Foreign Corportion If the trnsferor ws orportion, omplete questions 1 through 1d. If the trnsfer ws setion 361() or () trnsfer, ws the trnsferor ontrolled (under setion 368()) y 5 or fewer domesti orportions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the trnsferor remin in existene fter the trnsfer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If not, list the ontrolling shreholder(s) nd their identifying numer(s): OMB Atthment Sequene. Identifying numer (see instrutions) Controlling shreholder Identifying numer If the trnsferor ws memer of n ffilited group filing onsolidted return, ws it the prent orportion?~~~ If not, list the nme nd employer identifition numer (EIN) of the prent orportion: Nme of prent orportion EIN of prent orportion d Hve sis djustments under setion 367()(5) een mde? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 If the trnsferor ws prtner in prtnership tht ws the tul trnsferor (ut is not treted s suh under setion 367), omplete questions 2 through 2d. List the nme nd EIN of the trnsferor s prtnership: Nme of prtnership EIN of prtnership Is the prtner disposing of its entire interest in the prtnership? ~~~~~~~~~~~~~~~~~~~~~~~~~~ d Is the prtner disposing of n interest in limited prtnership tht is regulrly trded on n estlished seurities mrket? Prt II Trnsferee Foreign Corportion Informtion (see instrutions) 3 Nme of trnsferee (foreign orportion) 4 Identifying numer, if ny 5 Address (inluding ountry) #10, Jiuxin Bridge Rod, Choyng Distrit Beijing, Chin 6 Country ode of ountry of inorportion or orgniztion CH 7 Foreign lw hrteriztion (see instrutions) Corportion 8 Glol Endowment Fund II, LP Did the prtner pik up its pro rt shre of gin on the trnsfer of prtnership ssets? ~~~~~~~~~~~~~~~ Koudi Corportion Is the trnsferee foreign orportion ontrolled foreign orportion? LHA For Pperwork Redution At tie, see seprte instrutions. Form 926 (Rev ) Referene ID numer

25 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt III Informtion Regrding Trnsfer of Property (see instrutions) Pge 2 Csh Type of () () () (d) (e) Desription of Fir mrket vlue on Cost or other dte of trnsfer sis 206,510. Dte of trnsfer Gin reognized on trnsfer Stok nd seurities Instllment oligtions, ount reeivles or similr Foreign urreny or other denominted in foreign urreny Inventory Assets sujet to depreition repture (see Temp. Regs. se ()-4T()) Tngile used in trde or usiness not listed under nother tegory Intngile Property to e lesed (s desried in finl nd temp. Regs. se ()-4()) Property to e sold (s desried in Temp. Regs. se ()-4T(d)) Trnsfers of oil nd gs working interests (s desried in Temp. Regs. se ()-4T(e)) Other Supplementl Informtion Required To Be Reported (see instrutions): Form 926 (Rev )

26 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt IV Additionl Informtion Regrding Trnsfer of Property (see instrutions) 9 Enter the trnsferor s interest in the foreign trnsferee orportion efore nd fter the trnsfer: Pge 3 () Before % () After % 10 Type of nonreognition trnstion (see instrutions) Setion d Indite whether ny trnsfer reported in Prt III is sujet to ny of the following: Gin reognition under setion 904(f)(3) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gin reognition under setion 904(f)(5)(F) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repture under setion 1503(d) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhnge gin under setion 987 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 Did this trnsfer result from hnge in the lssifition of the trnsferee to tht of foreign orportion?~~~~~ 13 d Indite whether the trnsferor ws required to reognize inome under finl nd Temporry Regultions setions 1.367()-4 through 1.367()-6 for ny of the following: Tinted ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreition repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Brnh loss repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any other inome reognition provision ontined in the ove-referened regultions ~~~~~~~~~~~~~~~ 14 Did the trnsferor trnsfer ssets whih qulify for the trde or usiness exeption under setion 367()(3)? ~~~~ 15 Did the trnsferor trnsfer foreign goodwill or going onern vlue s defined in Temporry Regultions setion 1.367()-1T(d)(5)(iii)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the nswer to line 15 is "," enter the mount of foreign goodwill or going onern vlue trnsferred $ 16 Ws sh the only trnsferred?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 17 Ws intngile (within the mening of setion 936(h)(3)(B)) trnsferred s result of the trnstion? ~~~ If "," desrie the nture of the rights to the intngile tht ws trnsferred s result of the trnstion: Form 926 (Rev )

27 Form (Rev. Deemer 2013) Deprtment of the Tresury Informtion out Form 926 nd its seprte instrutions is t Internl Revenue Servie Atth to your inome tx return for the yer of the trnsfer or distriution. Prt I U.S. Trnsferor Informtion (see instrutions) Nme of trnsferor WINSTON-SALEM FOUNDATION Return y U.S. Trnsferor of Property to Foreign Corportion If the trnsferor ws orportion, omplete questions 1 through 1d. If the trnsfer ws setion 361() or () trnsfer, ws the trnsferor ontrolled (under setion 368()) y 5 or fewer domesti orportions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the trnsferor remin in existene fter the trnsfer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If not, list the ontrolling shreholder(s) nd their identifying numer(s): OMB Atthment Sequene. Identifying numer (see instrutions) Controlling shreholder Identifying numer If the trnsferor ws memer of n ffilited group filing onsolidted return, ws it the prent orportion?~~~ If not, list the nme nd employer identifition numer (EIN) of the prent orportion: Nme of prent orportion EIN of prent orportion d Hve sis djustments under setion 367()(5) een mde? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 If the trnsferor ws prtner in prtnership tht ws the tul trnsferor (ut is not treted s suh under setion 367), omplete questions 2 through 2d. List the nme nd EIN of the trnsferor s prtnership: Nme of prtnership EIN of prtnership Is the prtner disposing of its entire interest in the prtnership? ~~~~~~~~~~~~~~~~~~~~~~~~~~ d Is the prtner disposing of n interest in limited prtnership tht is regulrly trded on n estlished seurities mrket? Prt II Trnsferee Foreign Corportion Informtion (see instrutions) 3 Nme of trnsferee (foreign orportion) 4 Identifying numer, if ny 5 Address (inluding ountry) Floor 4 Willow House, Criket Sq, PO Box 268 Grnd Cymn, KY Cymn Islnds 6 Country ode of ountry of inorportion or orgniztion CJ 7 Foreign lw hrteriztion (see instrutions) Corportion 8 Glol Endowment Fund II, LP Did the prtner pik up its pro rt shre of gin on the trnsfer of prtnership ssets? ~~~~~~~~~~~~~~~ ioju Siene nd Tehnology Ltd Is the trnsferee foreign orportion ontrolled foreign orportion? LHA For Pperwork Redution At tie, see seprte instrutions. Form 926 (Rev ) Referene ID numer

28 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt III Informtion Regrding Trnsfer of Property (see instrutions) Pge 2 Csh Type of () () () (d) (e) Desription of Fir mrket vlue on Cost or other dte of trnsfer sis 144,927. Dte of trnsfer Gin reognized on trnsfer Stok nd seurities Instllment oligtions, ount reeivles or similr Foreign urreny or other denominted in foreign urreny Inventory Assets sujet to depreition repture (see Temp. Regs. se ()-4T()) Tngile used in trde or usiness not listed under nother tegory Intngile Property to e lesed (s desried in finl nd temp. Regs. se ()-4()) Property to e sold (s desried in Temp. Regs. se ()-4T(d)) Trnsfers of oil nd gs working interests (s desried in Temp. Regs. se ()-4T(e)) Other Supplementl Informtion Required To Be Reported (see instrutions): Form 926 (Rev )

29 Form 926 (Rev ) WINSTON-SALEM FOUNDATION Prt IV Additionl Informtion Regrding Trnsfer of Property (see instrutions) 9 Enter the trnsferor s interest in the foreign trnsferee orportion efore nd fter the trnsfer: Pge 3 () Before % () After % 10 Type of nonreognition trnstion (see instrutions) Setion d Indite whether ny trnsfer reported in Prt III is sujet to ny of the following: Gin reognition under setion 904(f)(3) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gin reognition under setion 904(f)(5)(F) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repture under setion 1503(d) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhnge gin under setion 987 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 12 Did this trnsfer result from hnge in the lssifition of the trnsferee to tht of foreign orportion?~~~~~ 13 d Indite whether the trnsferor ws required to reognize inome under finl nd Temporry Regultions setions 1.367()-4 through 1.367()-6 for ny of the following: Tinted ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreition repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Brnh loss repture ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any other inome reognition provision ontined in the ove-referened regultions ~~~~~~~~~~~~~~~ 14 Did the trnsferor trnsfer ssets whih qulify for the trde or usiness exeption under setion 367()(3)? ~~~~ 15 Did the trnsferor trnsfer foreign goodwill or going onern vlue s defined in Temporry Regultions setion 1.367()-1T(d)(5)(iii)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the nswer to line 15 is "," enter the mount of foreign goodwill or going onern vlue trnsferred $ 16 Ws sh the only trnsferred?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 17 Ws intngile (within the mening of setion 936(h)(3)(B)) trnsferred s result of the trnstion? ~~~ If "," desrie the nture of the rights to the intngile tht ws trnsferred s result of the trnstion: Form 926 (Rev )

30 WINSTON-SALEM FOUNDATION }}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 926 Prt III - Informtion Regrding Sttement 7 Trnsfer of Property }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} Csh () () Dte of Fir mrket vlue trnsfer on dte of trnsfer }}}}}}}}}} }}}}}}}}}}}}}}}}}}} 04/01/ , /01/ , /01/ , /01/ ,340. }}}}}}}}}}}}}} 233,347. ~~~~~~~~~~~~~~ 134 Sttement(s) 7