﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2015v2.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2016-05-13T13:36:36-05:00</ReturnTs>
    <TaxPeriodEndDt>2015-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>010732554</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>WILLIS BOATNER PUGH LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>200 BROAD STREET 3RD FLOOR SUITE</AddressLine1Txt>
        <CityNm>GADSDEN</CityNm>
        <StateAbbreviationCd>AL</StateAbbreviationCd>
        <ZIPCd>359013714</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>204391204</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE DAUGETTE FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>DAUG</BusinessNameControlTxt>
      <PhoneNum>2565432022</PhoneNum>
      <USAddress>
        <AddressLine1Txt>216 DOGWOOD CIRCLE</AddressLine1Txt>
        <CityNm>GADSDEN</CityNm>
        <StateAbbreviationCd>AL</StateAbbreviationCd>
        <ZIPCd>35901</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>CLARENCE W DAUGETTE III</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2565432022</PhoneNum>
      <SignatureDt>2016-05-04</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>SANFORD A WILLIS</PreparerPersonNm>
      <PTIN>P00037601</PTIN>
      <PhoneNum>2565438902</PhoneNum>
      <PreparationDt>2016-05-04</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2016-09-27 15:27:22Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>995460</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>1000</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>12</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>12</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>26581</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>26581</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc3">-15660</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>175938</GrossSalesPriceAmt>
        <TotalRevAndExpnssAmt>11933</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>26593</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>4500</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>4500</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">4140</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>4140</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc5">10202</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>10202</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc6">1719</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>553</TaxesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>20561</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>10755</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>8640</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>48655</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>48655</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>69216</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>10755</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>57295</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-57283</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>15838</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>64034</CashBOYAmt>
        <CashEOYAmt>49344</CashEOYAmt>
        <CashEOYFMVAmt>49344</CashEOYFMVAmt>
        <CorporateStockBOYAmt>954841</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">912248</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>946116</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>1018875</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>961592</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>995460</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>18078</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>18078</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>1000797</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>943514</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1018875</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>961592</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1018875</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>961592</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1018875</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-57283</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>961592</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>961592</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>47828</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1016103</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.047070</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>43895</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1028618</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.042674</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>52311</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1032952</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.050642</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>47265</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>984543</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.048007</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>40298</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>906110</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.044474</DistributionYr5Rt>
        <TotalDistributionRt>0.232867</TotalDistributionRt>
        <AverageDistributionRt>0.046573</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>975381</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>45426</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>158</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>45584</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>57295</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>158</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>158</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>158</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>158</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>AL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>CLARENCE W DAUGETTE III</IndividualWithBooksNm>
        <PhoneNum>2565432022</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>216 DOGWOOD CIRCLE</AddressLine1Txt>
          <CityNm>GADSDEN</CityNm>
          <StateAbbreviationCd>AL</StateAbbreviationCd>
          <ZIPCd>35901</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CLARENCE W DAUGETTE III</PersonNm>
          <USAddress>
            <AddressLine1Txt>216 DOGWOOD CIRCLE</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALBURTA DAUGETTE LOWE</PersonNm>
          <USAddress>
            <AddressLine1Txt>311 GABRIEL LANE</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </USAddress>
          <TitleTxt>VICE-PRES</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANNE DAUGETTE RENFROW</PersonNm>
          <USAddress>
            <AddressLine1Txt>411 COUNTRY CLUB DRIVE</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </USAddress>
          <TitleTxt>SEC-TREAS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>933545</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>56690</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>990235</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>990235</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>14854</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>975381</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>48769</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>48769</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>158</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>158</TotalTaxAmt>
        <DistributableBeforeAdjAmt>48611</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>48611</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>48611</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>57295</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>57295</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>158</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>57137</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>48611</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>50493</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>57295</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>50493</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>6802</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>41809</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CLARENCE W DAUGETTE III</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>216 DOGWOOD CIRCLE</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2565432022</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>NONE</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ALABAMA PUBLIC TELEVISION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2112 11TH AVE S STE 400</AddressLine1Txt>
            <CityNm>BIRMINGHAM</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35205</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ARLINGTON HISTORICAL ASSN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 100402</AddressLine1Txt>
            <CityNm>ARLINGTON</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>222103402</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BIG OAK RANCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>200 BROAD ST 3RD FLR B</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GADSDEN CULTURAL ARTS FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>761 CHESTNUT STREET</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>11100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EPISCOPAL DAY SCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>156 SOUTH 9TH STREET</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EPISCOPAL CHURCH OF THE HOLY COMFOR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>156 SOUTH 9TH STREET</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>14880</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HUMANE SOCIETY PET RESCUE AND ADOPT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4200 BROOKE AVENUE</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35904</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FRIENDS OF SULGRAVE MANOR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1553 HILL ROAD COURT</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40204</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MARCH OF DIMES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1275 MAMARONECK AVENUE</AddressLine1Txt>
            <CityNm>WHITE PLAINS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10605</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NAT'L SOCIETY OF COLONIAL DAMES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>224 MARKET STREET</AddressLine1Txt>
            <CityNm>WILMINGTON</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28401</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>375</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>RUN FOR THE RIBBONS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>223 E WASHINGTON STREET</AddressLine1Txt>
            <CityNm>ROCKINGHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28379</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FIRST UNITED METHODIST CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>115 S 5TH STREET</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE UNIV OF ALABAMA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>THE UNIVERSITY OF ALABAMA</AddressLine1Txt>
            <CityNm>TUSCALOOSA</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35487</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>A WALK THROUGH TIME INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>700 SOUTH 15TH STREET</AddressLine1Txt>
            <CityNm>GADSDEN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>48655</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>12</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>26581</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-15660</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>10933</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>10933</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>OUTSIDE CPA FIRM</CategoryTxt>
        <Amt>4140</Amt>
        <DisbursementsCharitablePrpsAmt>4140</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc3">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STERNE AGEE 35014916</AssetDesc>
        <AcquiredDt>2014-04</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2015-04</SoldDt>
        <GrossSalesPriceAmt>21608</GrossSalesPriceAmt>
        <BasisAmt>22085</BasisAmt>
        <TotalNetAmt>-477</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STERNE AGEE 35014916</AssetDesc>
        <AcquiredDt>2014-04</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2015-04</SoldDt>
        <GrossSalesPriceAmt>45836</GrossSalesPriceAmt>
        <BasisAmt>48479</BasisAmt>
        <TotalNetAmt>-2643</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STERNE AGEE 35160348</AssetDesc>
        <AcquiredDt>2014-04</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2015-06</SoldDt>
        <GrossSalesPriceAmt>13819</GrossSalesPriceAmt>
        <BasisAmt>12743</BasisAmt>
        <TotalNetAmt>1076</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STIFEL SX10 5367-7170</AssetDesc>
        <AcquiredDt>2010-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2015-07</SoldDt>
        <GrossSalesPriceAmt>57163</GrossSalesPriceAmt>
        <BasisAmt>70949</BasisAmt>
        <TotalNetAmt>-13786</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STIFEL SX10 5432-3476</AssetDesc>
        <AcquiredDt>2015-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2015-10</SoldDt>
        <GrossSalesPriceAmt>14144</GrossSalesPriceAmt>
        <BasisAmt>17617</BasisAmt>
        <TotalNetAmt>-3473</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STIFEL SX10 5432-3476</AssetDesc>
        <AcquiredDt>2014-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2015-10</SoldDt>
        <GrossSalesPriceAmt>23368</GrossSalesPriceAmt>
        <BasisAmt>19725</BasisAmt>
        <TotalNetAmt>3643</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>STERNE AGEE 35014916</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STERNE AGEE 35160348</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STIFEL SX10 5432-3476</StockNm>
        <EOYBookValueAmt>454887</EOYBookValueAmt>
        <EOYFMVAmt>455964</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STIFEL SX10 5367-7170</StockNm>
        <EOYBookValueAmt>457361</EOYBookValueAmt>
        <EOYFMVAmt>490152</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc5">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>10202</Amt>
        <NetInvestmentIncomeAmt>10202</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc6">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>1166</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>553</Amt>
        <NetInvestmentIncomeAmt>553</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>