Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
JOHN REX ENDOWMENT
 
% KEVIN M CAIN
Number and street (or P.O. box number if mail is not delivered to street address)712 W NORTH STREETSuiteRoom/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27603
A Employer identification number

31-1678223
B Telephone number (see instructions)

(919) 838-1110
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$77,597,569J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments 53 53  
4 Dividends and interest from securities...... 1,391,414 1,391,414  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,086,646
b Gross sales price for all assets on line 6a 6,230,705
7 Capital gain net income (from Part IV, line 2)... 4,086,646
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 32,640 -5  
12 Total. Add lines 1 through 11........ 5,510,753 5,478,108  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 208,712 12,523   201,649
14 Other employee salaries and wages...... 177,532 3,882   174,545
15 Pension plans, employee benefits....... 95,351 3,144   92,640
16a Legal fees (attach schedule)......... 5,801 580   1,321
b Accounting fees (attach schedule)....... 27,901 2,790   25,101
c Other professional fees (attach schedule).... Click to see attachment 516,207 507,140   1,510
17 Interest............... 1 1    
18 Taxes (attach schedule) (see instructions) Click to see attachment 154,049 25,114   20,935
19 Depreciation (attach schedule) and depletion... Click to see attachment 36,734 1,837  
20 Occupancy.............. 3,615 144   3,317
21 Travel, conferences, and meetings....... 18,368 466   14,252
22 Printing and publications.......... 134 7   127
23 Other expenses (attach schedule)....... Click to see attachment 311,417 2,094   308,579
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,555,822 559,722   843,976
25 Contributions, gifts, grants paid........ 2,960,195 3,258,000
26 Total expenses and disbursements. Add lines 24 and 25 4,516,017 559,722   4,101,976
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 994,736
b Net investment income (if negative, enter -0-) 4,918,386
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 3,004,665 1,414,016 1,414,016
3 Accounts receivable bullet208,910
Less: allowance for doubtful accounts bullet   254,695 208,910 208,910
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 41,036,202 Click to see attachment40,514,166 53,946,059
c Investments—corporate bonds (attach schedule)........ 13,407,618 Click to see attachment14,157,618 14,905,003
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,925,517 Click to see attachment5,099,527 6,382,528
14 Land, buildings, and equipment: basis bullet847,809
Less: accumulated depreciation (attach schedule) bullet147,378 730,196 Click to see attachment700,431 700,431
15 Other assets (describe bullet) Click to see attachment1,223,423 Click to see attachment40,622 Click to see attachment40,622
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,582,316 62,135,290 77,597,569
Liabilities 17 Accounts payable and accrued expenses.......... 71,369 81,324
18 Grants payable................... 297,805 0
19 Deferred revenue.................. 10,000 70,000
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 379,174 151,324
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... -601,490 1,244,549
25 Temporarily restricted................ 43,142,323 41,651,112
26 Permanently restricted................ 21,662,309 19,088,305
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 64,203,142 61,983,966
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 64,582,316 62,135,290
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 64,203,142
2 Enter amount from Part I, line 27a..................... 2 994,736
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 65,197,878
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3,213,912
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 61,983,966
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 15,665.459 SHS RS GLOBAL NATURAL RESOURCES Y P 2012-10-05 2013-05-30
b 28,870.444 SHS THIRD AVENUE REAL ESTATE VAL P 2012-10-05 2013-05-30
c 3,530.855 SHS RS GLOBAL NATURAL RESOURCES Y P 2011-11-16 2013-05-30
d 21,000 SHS GREENHAVEN CONTINUOUS CMDTY P 2012-10-05 2013-05-30
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 617,219   605,000 12,219
b 789,895   766,510 23,385
c 139,116   131,595 7,521
d 565,134   640,954 -75,820
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       12,219
b       23,385
c       7,521
d       -75,820
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,086,646
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 3,334,715 69,282,016 0.048132
2011 3,924,838 71,018,449 0.055265
2010 3,704,595 68,196,005 0.054323
2009 3,317,420 59,845,774 0.055433
2008 3,797,771 73,392,925 0.051746
2 Total of line 1, column (d) ...................... 2 0.264899
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.05298
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 73,407,870
5 Multiply line 4 by line 3....................... 5 3,889,149
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 49,184
7 Add lines 5 and 6......................... 7 3,938,333
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,101,976
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 49,184
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 49,184
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 49,184
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 82,035
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 82,035
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 32,851
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet32,851 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.rexendowment.org
    14
    The books are in care ofbulletKEVIN M CAIN Telephone no.bullet (919) 838-1110
    Located atbullet712 W NORTH STREETRALEIGHNC ZIP+4bullet27603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
     
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    SHERRY WORTH CHAIR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    JILL C WRIGHT MD VICE-CHAIR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    VIRGINIA PARKER SECRETARY
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    LINDA BUTLER MD DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    JANET COWELL DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    DICK DAUGHERTY DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    JILL WELLS HEATH DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    TOM MCGUIRE TREASURER
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    GEORGE REED DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    RAMON ROJANO DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    KEVIN M CAIN PRESIDENT/CEO
    40.0     		208,712 25,957 2,177
    712 W NORTH STREET
    RALEIGH,NC27603
    CATHY MOORE DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    DEBORAH NELSON DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    JIMMY TALTON DIRECTOR
    1.0     		0 0 0
    712 W NORTH STREET
    RALEIGH,NC27603
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    MCALLISTER R MYRHA DIR. OF OPERATIONS
    40.0     		97,045 18,252 0
    712 W NORTH STREET
    RALEIGH,NC27603
    MARY K SHIRAH PROGRAM DIRECTOR
    40.0     		80,487 8,034 0
    712 W NORTH STREET
    RALEIGH,NC27603
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,670,394
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    49,184
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,184
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,621,210
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    32,150
    5
    Add lines 3 and 4............................
    5
    3,653,360
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    3,653,360
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 3,653,360
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:2011, 2010, 2009 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 170,007
    b From 2009....... 267,931
    c From 2010....... 340,955
    d From 2011....... 378,094
    e From 2012.......  
    fTotal of lines 3a through e......... 1,156,987
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 4,101,976
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 3,653,360
    e Remaining amount distributed out of corpus 448,616
    5 Excess distributions carryover applied to 2013.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,605,603
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		170,007
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		1,435,596
    10 Analysis of line 9:
    a Excess from 2009.... 267,931
    b Excess from 2010.... 340,955
    c Excess from 2011.... 378,094
    d Excess from 2012....  
    e Excess from 2013.... 448,616
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    UNITED WAY OF THE GREATER TRIANGLE
    RE YOUTH DEVELOPMENT
    2400 PERIMETER PARK DRIVE SUITE 15
    MORRISVILLE,NC27560     		  PC A COLLABORATIVE SYSTEM THAT ESTABLISHES A COMMON AGENDA, AND FACILITATES PLANNING, CAPACITY-BUILDING, RESOURCE-SHARING AND MAXIMIZATION, OVERSIGHT AND ACCOUNTABILITY 296,519
    NC PUBLIC HEALTH FOUNDATION
    RE COMMUNITY ENHANCEMENT GRANTS
    PO BOX 18763
    RALEIGH,NC27619     		  PC INCREASE THE CAPACITY TO IMPLEMENT PHYSICAL ACTIVITY AND EATING OPPORTUNITIES FOR CHILDREN AND YOUTH IN WAKE COUNTY 103,574
    LUCY DANIELS CENTER
    RE SEED FOR CHILD CARE QUALITY
    9003 WESTON PARKWAY
    CARY,NC27513     		  PC IMPROVE THE CAPACITY OF CHILD CARE FACILITIES THAT SUPPORTTHE HEALTHY SOCIAL AND EMOTIONAL DEVELOPMENT OF CHILDREN 331,194
    NCSU NATURAL LEARNING
    RE PREVENTING OBESITY BY DESIGN IN
    COLLEGE OF DESIGN 200 PULLEN ROAD
    RALEIGH,NC276957701     		  PC ADDRESS THE OBESITY EPIDEMIC IN YOUNG CHILDREN BY CREATING A MULTIDISCIPLINARY INTERVENTION 148,117
    WAKEMED HEALTH & HOSPITALS
    RE FARM TO CHILD CARE FACILITIES
    3000 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC ASSESS THE NEED AND THEN CREATE A PLAN TO IMPROVE ACCESS TO HEALTHY FOODS IN WAKE COUNTY CHILD CARE FACILITIES 2,373
    EL PUEBLO INC
    RE CAPAZ POSITIVE YOUTH DEVELOPMEN
    700 BLUE RIDGE ROAD SUITE 101
    RALEIGH,NC27606     		  PC TO DEVELOP AGENCY-WIDE PROGRAMMING THAT TRULY FUNCTIONS WITHIN A PYD FRAMEWORK 128,495
    WAKE COUNTY SMARTSTART
    RE HOME BASED SERVICES INTEGRATION
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC DEVELOP COMMUNITY SUPPORTED GOALS AND STRATEGIES FOR THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF HOME BASED SERVICES FOR YOUNG CHILDREN IN WAKE COUNTY 97,199
    MARBLES KIDS MUSEUM
    RE BE HEALTHY BE ACTIVE
    201 EAST HARGETT STREET
    RALEIGH,NC27601     		  PC TO CHANGE ATTITUDES, BEHAVIOR BY EXPOSING FAMILIES TO HEALTHY LIFESTYLE CHOICES THROUGH HANDS-ON INTERACTIVE PLAY ENVIRONMENTS AND PROGRAMS 50,967
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    RE POSITIVE PARENTING
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC HELP PARENTS WITH YOUNG CHILDREN IMPROVE PARENTING SKILLS THROUGH THE POSITIVE PARENTING PROGRAM (TRIPLE P), AN INTERNATIONALLY ACCLAIMED MODEL THAT IS DESIGNED TO GIVE PARENTS THE SKILLS THEY NEED TO RAISE CONFIDENT, HEALTHY CHILDREN 653,623
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    RE SEFEL COACHING
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC TO USE THE SOCIAL AND ECONOMIC FOUNDATIONS FOR EARLY LEARNING (SEFEL) COACHING FRAMEWORK TO INCREASE SOCIAL SKILLS AND DECREASE PROBLEM BEHAVIORS IN PRESCHOOL CLASSROOMS 320,630
    MARBLES KIDS MUSEUM
    RE EARLY CHILDHOOD
    201 EAST HARGETT STREET
    RALEIGH,NC27601     		  PC TO IDENTIFY SOLUTIONS TO INCREASE PARENT AND GUARDIAN AWARENESS OF THE IMPORTANCE OF PLAY IN THE POSITIVE DEVELOPMENT OF CHILDREN AGES 5 AND YOUNGER 71,390
    NORTH CAROLINA HEALTHY START FOUNDATION
    NORTHAMPTON BUILDING
    3725 NATIONAL DR 105
    RALEIGH,NC27612     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 40,250
    LOAVES AND FISHES MINISTRY INC
    PO BOX 14596
    RALEIGH,NC27620     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 38,500
    WADE EDWARDS FOUNDATION
    714 ST MARY STREET
    RALEIGH,NC27605     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 38,500
    PLM FAMILIES TOGETHER
    PO BOX 14395
    RALEIGH,NC27620     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 35,637
    SAFECHILD
    864 W MORGAN STREET
    RALEIGH,NC27603     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 28,573
    NC CONGRESS OF PARENTS AND TEACHERS INC
    3501 GLENWOOD AVENUE
    RALEIGH,NC27612     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 11,500
    PASSAGE HOME
    PO BOX 10347
    RALEIGH,NC27605     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 11,000
    WAKE EDUCATION PARTNERSHIP
    706 HILLSBOROUGH STREET SUITE A
    RALEIGH,NC27603     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 11,000
    YORK ELEMENTARY SCHOOL PTA
    RE PLAYGROUND AND TRACK RENOVATION
    5201 BROOKHAVEN DRIVE
    RALEIGH,NC27612     		  PC TO IMPROVE THE PLAYGROUND AND REFINISH THE SCHOOL TRACK WITH THE FOCUS ON CREATING A SAFE SPACE FOR PHYSICAL ACTIVITY THAT IS ACCESSIBLE TO THE ENTIRE SCHOOL COMMUNITY 109,850
    TOWN OF ZEBULON
    RE WHITELY PARK RENOVATIONS
    1003 N ARENDELL AVENUE
    ZEBULON,NC27597     		  PC TO PROVIDE YOUTH IN THE WHITLEY PARK COMMUNITY WITH CHALLENGING, CONTEMPORARY PLAY EQUIPMENT THAT WILL ENGAGE THEM PHYSICALLY, SOCIALLY AND CREATIVELY 98,836
    NORTH CAROLINA COUNCIL OF CHURCHES
    RE BREASTFEEDING COLLABORATIVE
    27 HORNE ST
    RALEIGH,NC27607     		  PC TO REDUCE CHILDHOOD OVERWEIGHT AND OBESITY IN LOW-RESOURCE CONGREGATIONS IN WAKE COUNTY BY ENCOURAGING MOTHERS TO CARE FOR THEIR BODIES BEFORE, DURING, AND AFTER PREGNANCY AND TO CARE FOR THEIR BABIES THROUGH BREASTFEEDING 97,281
    THE SALVATION ARMY OF WAKE COUNTY
    POST OFFICE BOX 27584
    RALEIGH,NC276117584     		  PC TO UPDATE UNSAFE PLAYGROUND EQUIPMENT AT THE SALVATION ARMY OF WAKE COUNTY'S COMMUNITY CENTER WITH NEW, SAFE PLAYGROUND EQUIPMENT THAT ENCOURAGES PHYSICAL ACTIVITY AND HEALTHY, ACTIVE BEHAVIORS FOR CHILDREN 84,318
    INTER-FAITH FOOD SHUTTLE
    RE URBAN AG PLANNING
    PO BOX 14638
    RALEIGH,NC27620     		  PC TO WORK WITH MEMBERS OF FOOD INSECURE NEIGHBORHOODS TO DEVELOP A PLAN TO BRING HEALTHY AND AFFORDABLE FOODS TO SOUTHEAST RALEIGH. THE PLAN WILL INCLUDE STEPS TO EMPOWER YOUTH AND THEIR FAMILIES TO GROW AND SELL THEIR OWN FRESH FOOD 81,789
    NC PUBLIC HEALTH FOUNDATION
    CHILD MALTREATMENT PREVENTION SURVE
    PO BOX 18763
    RALEIGH,NC27619     		  PC IMPLEMENTING A CHILD MALTREATMENT PREVENTION SURVEILLANCE SYSTEM 63,580
    THE SALVATION ARMY OF WAKE COUNTY
    POST OFFICE BOX 27584
    RALEIGH,NC276117584     		  PC TO IMPLEMENT A SYSTEM OF CARE FOR HOMELESS FAMILIES WITH CHILDREN AND YOUTH RESIDING IN ANY ONE OF NINE WAKE COUNTY HOMELESS SERVICE PROGRAMS 146,029
    WAKEMED HEALTH & HOSPITALS
    3000 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC TO REDUCE THE IMPACT OF CULTURAL, LANGUAGE, OR OTHER BARRIERS THAT CONTRIBUTE TO DISPARITIES IN MENTAL HEALTH OUTCOMES 51,412
    NC DHHS DPH INJURY AND VIOLENCE PREVENTION BRANCH
    ADAMS BUILDING DIX CAMPUS
    101 BLAIR DRIVE
    RALEIGH,NC27603     		  PC TO IMPROVE AND EXPAND SURVEILLANCE OF CHILD MALTREATMENT BY DEVELOPING A SURVEILLANCE SYSTEM AND EXPLORING POTENTIAL LINKAGES BETWEEN EXISTING SYSTEMS 90,200
    NORTH CAROLINA HEALTHY START FOUNDATION
    NORTHAMPTON BUILDING
    3725 NATIONAL DR 105
    RALEIGH,NC27612     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 10,164
    BAYLEAF BAPTIST CHURCH
    12200 BAYLEAF CHURCH RD
    RALEIGH,NC27614     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 1,500
    LUCY DANIELS CENTER
    9003 WESTON PARKWAY
    CARY,NC27513     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 1,500
    ST AUGUSTA BAPTIST CHURCH
    605 BRIDGE STREET
    FUQUAY VARINA,NC27526     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 1,500
    NORTH CAROLINA COMMUNITY FOUNDATION
    4601 SIX FORKS ROAD
    SUITE 524
    RALEIGH,NC27609     		  PC TO PROVIDE ASSISTANCE IN FULFILLING THE ORGANIZATION'S MISSION 1,000
    Total .................................bullet 3a 3,258,000
    bApproved for future payment
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    RE POSITIVE PARENTING
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC HELP PARENTS WITH YOUNG CHILDREN IMPROVE PARENTING SKILLS THROUGH THE POSITIVE PARENTING PROGRAM (TRIPLE P), AN INTERNATIONALLY ACCLAIMED MODEL THAT IS DESIGNED TO GIVE PARENTS THE SKILLS THEY NEED TO RAISE CONFIDENT, HEALTHY CHILDREN 1,472,705
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    RE SEFEL COACHING
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC TO USE THE SOCIAL AND ECONOMIC FOUNDATIONS FOR EARLY LEARNING (SEFEL) COACHING FRAMEWORK TO INCREASE SOCIAL SKILLS AND DECREASE PROBLEM BEHAVIORS IN PRESCHOOL CLASSROOMS 650,798
    WAKE COUNTY SMARTSTART
    RE HOME BASED SERVICE INTEGRATION
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC DEVELOP COMMUNITY SUPPORTED GOALS AND STRATEGIES FOR THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF HOME BASED SERVICES FOR YOUNG CHILDREN IN WAKE COUNTY 198,297
    YORK ELEMENTARY SCHOOL PTA
    RE PLAYGROUND AND TRACK RENOVATION
    5201 BROOKHAVEN DRIVE
    RALEIGH,NC27612     		  PC TO IMPROVE THE PLAYGROUND AND REFINISH THE SCHOOL TRACK WITH THE FOCUS ON CREATING A SAFE SPACE FOR PHYSICAL ACTIVITY THAT IS ACCESSIBLE TO THE ENTIRE SCHOOL COMMUNITY 109,850
    EL PUEBLO INC
    RE CAPAZ POSITIVE YOUTH DEVELOPMEN
    2321 CRABTREE BLVD SUITE 105
    RALEIGH,NC27604     		  PC TO DEVELOP AGENCY-WIDE PROGRAMMING THAT TRULY FUNCTIONS WITHIN A PYD FRAMEWORK 98,420
    NORTH CAROLINA COUNCIL OF CHURCHES
    RE BREASTFEEDING COLLABORATIVE
    27 HORNE ST
    RALEIGH,NC27607     		  PC TO REDUCE CHILDHOOD OVERWEIGHT AND OBESITY IN LOW-RESOURCE CONGREGATIONS IN WAKE COUNTY BY ENCOURAGING MOTHERS TO CARE FOR THEIR BODIES BEFORE, DURING, AND AFTER PREGNANCY AND TO CARE FOR THEIR BABIES THROUGH BREASTFEEDING 92,763
    AUTISM SOCIETY OF NORTH CAROLINA
    RE STRATEGIC PLANNING
    505 OBERLIN ROAD SUITE 230
    RALEIGH,NC27605     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 47,725
    STEPUP MINISTRY
    RE ORGANIZATIONAL ASSESSMENT
    1701 OBERLIN ROAD
    RALEIGH,NC27608     		  PC CONDUCT ORGANIZATIONAL ASSESSMENT OF KEY AREAS TO INDENTIFY STRENGTHS AND CHALLENGES, BY SKILLED OUTSIDE PROFESSIONAL CONSULTANT WHILE INVOLVING BOARD MEMBERS AND STAFF 11,500
    Total .................................bullet 3b 2,682,058
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 53  
    4 Dividends and interest from securities....     14 1,391,414  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 4,086,646  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aIRC SECTION 988 INCOME (LOSS)     18 -5  
    bREFUND OF PRIOR YEAR GRANTS         32,150
    cIRC SECTION 103 STATE AND LOCAL BOND INTEREST         495
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   5,478,108 32,645
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,510,753
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11B THE ENDOWMENT RECEIVED CURRENT YEAR REFUNDS OF GRANTS MADE IN PRIOR YEARS TOTALING $32,150.
    11C THE ENDOWMENT EARNED STATE AND LOCAL BOND INTEREST INCOME TOTALING $495 IN THE CURRENT YEAR. THIS INCOME IS SPECIFICALLY EXCLUDED FROM GROSS INCOME PURSUANT TO IRC SECTION 103.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2013 DepreciationSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FSP FIXED INCOME LLC II 7,006,195 7,226,963
    FSP OPPORTUNISTIC LLC II 7,151,423 7,678,040

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FSP GLOBAL EQUITY LLC II 24,374,848 35,017,622
    THIRD AVENUE REAL ESTATE 3,220,559 3,822,639
    FRANKLIN ST. MULTI-STRA FUND 11,192,000 13,504,734
    RS GLOBAL NATURAL RESOURCES 1,210,397 1,145,070
    GREENHAVEN CONTINUOUS 0 0
    IPATH DJ AIG 516,362 455,994

    TY 2013 InvestmentsLandSchedule2
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value

    TY 2013 InvestmentsOtherSchedule2
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OUTSTANDING BUSINESSES L. P.   2,462,484 3,675,838
    VALUE PRESERVATION L.P.   2,637,043 2,706,690

    TY 2013 LandEtcSchedule2
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2013 OtherAssetsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXPENSES 23,423 40,622 40,622
    DUE FROM INVESTMENT COMPANY 1,200,000 0 0


    TY 2013 OtherDecreasesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Amount
    PARTNERSHIP BOOK/TAX TIMING DIFFERENCES 3,213,912


    TY 2013 OtherExpensesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECT PROGRAM SERVICES 272,430 0   272,430
    INSURANCE 10,047 1,005   9,042
    OFFICE MAINTENANCE 5,842 292   5,295
    OFFICE SUPPLIES 5,488 396   4,937
    TELEPHONE 5,327 373   4,620
    OTHER EXPENSES 12,283 28   12,255


    TY 2013 OtherIncomeSchedule2
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OUTSTANDING BUS. LP - IRS SEC 988 GAIN/LOSS -5 -5  
    refund of prior year grants 32,150    
    state and local bond interest 495    


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 506,663 506,663    
    COMPUTER SERVICE 9,544 477   1,510


    TY 2013 TaxesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN: 31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 21,551 616   20,935
    FOREIGN TAXES PAID 24,498 24,498   0
    EXCISE TAXES 108,000 0   0