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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 06-01-2018 , and ending 05-31-2019
Name of foundation
THE BELK FOUNDATION
 
% JOHANNA EDENS ANDERSON
Number and street (or P.O. box number if mail is not delivered to street address)6832 Morrison Blvd Suite 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28211
A Employer identification number

27-0237197
B Telephone number (see instructions)

(704) 544-5444
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$47,775,538J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
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 4,127 4,127  
4 Dividends and interest from securities... 524,445 757,893  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,325,397
b Gross sales price for all assets on line 6a 2,421,394
7 Capital gain net income (from Part IV, line 2)... 1,736,420
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 543,856 -10,714  
12 Total. Add lines 1 through 11........ -252,969 2,487,726  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 131,047 39,314   91,733
14 Other employee salaries and wages...... 83,997 8,400   75,597
15 Pension plans, employee benefits....... 2,466 247   2,219
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 24,242 24,242    
c Other professional fees (attach schedule).... Click to see attachment 166,260 151,360 0 14,900
17 Interest...............   17,495    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 115,315 17,656 0 12,809
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 45,293 9,059   36,235
21 Travel, conferences, and meetings....... 24,813 804   24,009
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,217 72,731   24,457
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 620,650 341,308 0 281,959
25 Contributions, gifts, grants paid....... 2,026,885 2,026,885
26 Total expenses and disbursements. Add lines 24 and 25 2,647,535 341,308 0 2,308,844
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,900,504
b Net investment income (if negative, enter -0-) 2,146,418
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 138,791 93,182 93,182
2 Savings and temporary cash investments......... 101,788 146,191 146,191
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 55,111,087 Click to see attachment52,211,828 47,536,165
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,351,666 52,451,201 47,775,538
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
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)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 55,351,666 52,451,201
30 Total net assets or fund balances (see instructions)..... 55,351,666 52,451,201
31 Total liabilities and net assets/fund balances (see instructions). 55,351,666 52,451,201
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
55,351,666
2
Enter amount from Part I, line 27a .....................
2
-2,900,504
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
39
4
Add lines 1, 2, and 3 ..........................
4
52,451,201
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
52,451,201
Form 990-PF (2018)
Form 990-PF (2018)
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 PUBLICLY TRADED FUNDS P    
b GAIN/LOSS FROM LP INVESTMENTS P    
c CAPITAL GAIN DISTRIBUTIONS P    
d DISPOSAL OF ALTERNATIVE INVESTMENTS P    
e DISTRIBUTIONS IN EXCESS OF BASIS P    
OTHER SHORT TERM P    
OTHER LONG TERM P    
(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 92,836     92,836
b 1,470,711     1,470,711
c 689,045     689,045
d     578,027 -578,027
e 61,752     61,752
2,098   2,096 2
104,952   104,851 101
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       92,836
b       1,470,711
c       689,045
d       -578,027
e       61,752
      2
      101
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 1,736,420
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 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))
2017 2,335,966 51,078,534 0.045733
2016 2,298,630 49,210,886 0.04671
2015 2,352,343 48,606,493 0.048396
2014 2,224,342 51,623,941 0.043087
2013 2,263,973 49,988,781 0.04529
2
Total of line 1, column (d) .....................
2
0.229216
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.045843
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
48,919,299
5
Multiply line 4 by line 3......................
5
2,242,607
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
21,464
7
Add lines 5 and 6........................
7
2,264,071
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,308,844
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 21,464
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 21,464
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 21,464
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 24,824
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 55,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 79,824
8 Enter any penalty for underpayment of estimated tax. Check here 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 58,360
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet58,360 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 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 2018 or the taxable year beginning in 2018? See the 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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletHTTP://WWW.BELKFOUNDATION.ORG
    14
    The books are in care ofbulletJOHANNA EDENS ANDERSON Telephone no.bullet (704) 544-5444

    Located atbullet6832 MORRISON BLVD SUITE 100CHARLOTTENC ZIP+4bullet28211
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    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 instructions ........
    1b
     
    No
    ........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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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 4945(d)(4)(A)? 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
     
    No
    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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    JOHANNA EDENS ANDERSON EXECUTIVE DIRECTOR
    40.0     		127,230 3,817 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    KATHERINE B MORRIS Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    JOHN R BELK Chair, Board of Directors
    10.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    THOMAS M BELK JR Vice Chair, Treasurer
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    ANN CLARK AS OF 618 Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    MARY CLAUDIA BELK PILON Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    LOUISE MARTIN Secretary, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    REBECCA MORRIS AS OF 618 Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    Kate Morris Stanley Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    Alison Welcher Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    Anthony Fox Member, Board of Directors
    1.0     		0 0 0
    6832 Morrison Blvd Suite 100
    CHARLOTTE,NC28211
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    Prime Buccholz Investment Mgr. 133,422
    273 Corporate Drive STE 250
    PORTSMOUTH,NH03801
    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  
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    574,976
    c
    Fair market value of all other assets (see instructions)................
    1c
    49,089,287
    d
    Total (add lines 1a, b, and c).........................
    1d
    49,664,263
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    49,664,263
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    744,964
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    48,919,299
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,445,965
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,445,965
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    21,464
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    109,672
    c
    Add lines 2a and 2b............................
    2c
    131,136
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,314,829
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,314,829
    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
    2,314,829
    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
    2,308,844
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,308,844
    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
    21,464
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,287,380
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,314,829
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,008,771
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,308,844
    a Applied to 2017, but not more than line 2a 2,008,771
    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 2018 distributable amount..... 300,073
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		2,014,756
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 or email address 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 (2018)
    Form 990-PF (2018)
    Page 11
    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
    Episcopal Diocese of NC St Peters
    115 W 7th Street
    Charlotte,NC282022127     		NONE PC General operating support for Augustine Literacy Projectss core literacy intervention program delivered by highly trained volunteer tutors serving 210 students in high-poverty elementary schools, and support for the launch of HELPS fluency intervention 88,000
    Board of Control for Southern Regional Education
    592 10th Street NW
    Atlanta,GA303185776     		NONE PC Program support to facilitate the creation of a North Carolina Education Human Capital Roundtable to engage system leaders on issues related to the education workforce, initially focused on teacher preparation and licensure 50,000
    CMS Foundation
    4421 Stuart Andrew Blvd Ste 100
    Charlotte,NC282172556     		NONE PC Change management support for the new ELA and math curriculum adoption process in 2019-20 across the district. 150,000
    Charlotte Speech and Hearing Inc
    741 Kenilworth Ave Ste 100
    Charlotte,NC282043874     		NONE PC Program support for clinicians to provide individualized support to 240 struggling readers in K 3rd grades to build vocabulary and language expression. 35,000
    Charlotte-Mecklenburg Schools
    600 E Fourth Street
    Charlotte,NC28202     		NONE GOV Funding to allow the district to engage a search firm to recruit and hire a Chief Human Resources Officer for Charlotte-Mecklenburg Schools. 65,000
    Charlotte-Mecklenburg Schools
    601 E Fourth Street
    Charlotte,NC28202     		NONE GOV Program support to Montclaire Elementary for a book vending machine to motivate students and build their at-home libraries (Next Gen Advisory Board Grant). 10,000
    Deans For Impact
    2000 E 6th Street Ste 4
    Austin,TX787023472     		NONE PC Project support for The Science of Early Learning report, summarizing cognitive science on how young children learn and develop skills, and to convene a community of practice of five NC educator preparation providers to explore strategies for redesigning early childhood educator pathways. 50,000
    EducationNC
    PO Box 1636
    Raleigh,NC276021636     		NONE PC General operating support for independent research and reporting on K-12 education to build public will for teachers and school leaders and to expand educational opportunities for all children in NC. Payment: 2 of 2 30,000
    Foundation For The Carolinas
    220 N Tryon Street
    Charlotte,NC28202     		NONE PC Program support to Read Charlotte to work with Helps Education Fund to double the number of students receiving the evidence-based HELPS fluency intervention. 125,000
    Foundation For The Carolinas
    220 N Tryon Street
    Charlotte,NC28202     		NONE PC General operating support for Read Charlotte, a collaborative, community-wide movement dedicated to doubling the percentage of third-graders reading at grade level by 2025. Payment: 5 of 5 150,000
    Foundation For The Carolinas
    220 N Tryon Street
    Charlotte,NC28202     		NONE PC Program support for Read Charlotte for an 18-month project to apply improvement science principles to improve early literacy outcomes in six CMS elementary schools, working in partnership with UPD Consulting and CMS. Payment: 2 of 2 32,130
    The Fdn for the University of NC at Charlotte Inc
    9201 University City Boulevard
    Charlotte,NC28223     		NONE PC Program support for the Teacher Education Institute that transforms the coaching and mentorship student teachers receive by training 200 district-based clinical educators as part of UNC Charlotte Cato College of Education's student teaching redesign. Payment: 1 of 2 128,016
    Heart Math Tutoring Inc
    PO Box 30623
    Charlotte,NC28230     		NONE PC General operating support for a math intervention program that reaches over 1,200 students and provides curriculum and on-site support for volunteer tutors in high-poverty CMS elementary schools, as well as capacity building support for leader and team development for this rapidly growing organization. Payment: 1 of 2 80,000
    International House of Metrolina Inc
    1817 Central Avenue Suite 215
    Charlotte,NC28205     		NONE PC Program support for the Rising Readers program, which provides intense literary support over the summer months to a growing population of English language learning students in CMS, serving over 400 students. 40,000
    New Leaders
    30 W 26th Street 10th Floor
    New York,NY100102079     		NONE PC Program support for a partnership with Public Impact and the Northeast Leadership Academy to expand Opportunity Culture, the distributed school leadership model, into Edgecombe and Vance County public schools. Payment: 3 of 3 150,000
    NC Business Leaders for Education
    100 SAS Campus Drive Building T
    Cary,NC27513     		NONE PC General operating support for BEST NC, a nonprofit, non-partisan coalition of business leaders committed to moving North Carolinas education system from good to great. Payment: 2 of 3 35,000
    NC Business Leaders for Education
    100 SAS Campus Drive Building T
    Cary,NC27513     		NONE PC Program support for the new TeachNC campaign to capture, cultivate and convert teaching candidates through a digital recruitment platform that streamlines and enhances the teacher candidate hiring process. Payment: 2 of 2 50,000
    NC Department of Public Instruction
    301 N Wilmington St
    Raleigh,NC28012     		NONE GOV Project support for a UPD Consulting-led analysis of the K-3 Literacy Team at NCDPI to inform evidence-based decisions that maximize impact on K-3 literacy outcomes statewide. 100,250
    NC Early Childhood Foundation
    514 Daniels Street 173
    Raleigh,NC27605     		NONE PC General operating support for this statewide organization that encourages collaborative policy and practice decisions based on research, data, and analysis to improve outcomes for young children with a focus on equity. Payment: 1 of 2 30,000
    North Carolinas State University
    NCSU Box 7207
    Raleigh,NC276950001     		NONE PC Program support to the Friday Institute for Educational Innovation to enhance the state-funded evaluation of the Advanced Role pilots in select districts Payment: 2 of 3 33,289
    NC State University Foundation Inc
    Campus Bx 7006 1070 Partners Way
    Raleigh,NC276957006     		NONE PC Program support to Kenan Fellows for four CMS teachers to complete a three-week summer internship in Charlotte businesses, participate in 80 hours of professional development, and create new curriculum that connects the classroom to workplace skills. 25,000
    Profound Gentlemen Inc
    2701 C Freedom Drive
    Charlotte,NC28208     		NONE PC General operating support to promote retention of male educators of color in Charlotte through professional development, leadership and mentorship models. 50,000
    Queens University of Charlotte
    1900 Selwyn Avenue
    Charlotte,NC28274     		NONE PC Program support for Queens School Executive Leadership Academy (SELA), a program that prepares new school leaders and principals through a partnership with Queens McColl School of Business, Cato School of Education, and CMS. Payment: 2 of 2 25,000
    Renaissance West Community Initiative
    3610 Nobles Avenue 199
    Charlotte,NC28208     		NONE PC Program support for RWSAs Math Lab, a dedicated intervention space for increasing students understanding of numbers and math proficiency (Next Gen Advisory Board Grant). 10,000
    Renaissance West Community Initiative
    3610 Nobles Avenue 199
    Charlotte,NC28208     		NONE PC Program support for a Literacy Center that provides individualized literacy intervention services to improve reading levels of students at the pre-K 8 Renaissance West STEAM Academy. Payment: 3 of 3 25,000
    Research Triangle Institute
    PO Box XXX-XX-XXXX E Cornwallis Rd
    Research T Park,NC277092194     		NONE PC Program support for the North Carolina Large District Consortium, which provides resources for the 12 highest population districts Superintendents and Chief Academic Officers to deepen their knowledge and implement evidence-based policies and strategies. Payment: 1 of 3 50,000
    Teach for America Inc
    5855 Exc Center Drive Ste 200
    Charlotte,NC28212     		NONE PC General operating support to bolster Teach For Americas 730 corps members and alumni working in CMS, impacting 25,000 low-income students. Payment: 1 of 2 100,000
    UrbanPromise Charlotte
    5214 Murrayhill Rd
    Charlotte,NC282102321     		NONE PC Program support for a year-round program for 250 low-income students that provides out-of-school-time academic and spiritual development. Payment: 1 of 2 45,000
    WestEd
    730 Harrison Street
    San Francisco,CA94107     		NONE PC Program support to WestEd, the court-appointed consultant responsible for creating an Action Plan to address the tenets in the longstanding Leandro court case, researching the current state of the NC educator workforce and identifying and recommending evidence-based practices to address improvements needed. Payment: 2 of 2 50,000
    YMCA of Greater Charlotte
    400 East Morehead Street 5th Flr
    Charlotte,NC28202     		NONE PC Program support for the Y Readers summer program, preventing summer learning loss for over 900 students at 10 Title 1 CMS school sites. 75,000
    OurBRIDGE Inc
    3925 Willard Farrow Drive
    Charlotte,NC28215     		NONE PC General operating support for an afterschool and summer learning program with a focus on literacy for over 150 immigrant and refugee children from Title 1 schools in CMS. 30,000
    FOUNDATION FOR THE CAROLINAS
    221 N TRYON STREET
    CHARLOTTE,NC28203     		NONE PC Program support for Project LIFT to Project LIFT to expand and enhance its efforts to recruit, develop and retain excellent teachers. Payment 2 of 2. 95,000
    Boys and Girls Club of Greater Washington
    4103 Benning Rd NE
    Washington,DC20019     		NONE PC Discretionary grant from outgoing board member for general operating support of after-school youth programs in the DC area 5,000
    ourBRIDGE Inc
    3925 Willard Farrow Drive
    Charlotte,NC28215     		NONE PC Discretionary grant from outgoing board member to support general operating support for an afterschool and summer learning program with a focus on literacy for over 150 immigrant and refugee children from Title 1 schools in CMS 5,000
    McClintock Partners in Education
    4519 Providence Rd
    Charlotte,NC28226     		NONE PC Grant to honor summer fellow and support McClintock Middle School in motivating teachers and students 200
    Race Matters for Juvenile Justice
    832 E 4th St Ste 3600
    Charlotte,NC28202     		NONE PC Discretionary grant from outgoing board member for general operating support of racial equity programs and trainings 5,000
    Total .................................bullet 3a 2,026,885
    bApproved for future payment
    The Foundation of the Univof NC at Charlotte Inc
    9201 University City Boulevard
    Charlotte,NC28223     		NONE PC Program support for the Teacher Education Institute that transforms the coaching and mentorship student teachers receive by training 200 district-based clinical educators as part of UNC Charlotte Cato College of Education's student teaching redesign. Payment: 1 of 2 97,808
    Heart Math Tutoring Inc
    PO Box 30623
    Charlotte,NC28230     		NONE PC General operating support for a math intervention program that reaches over 1,200 students and provides curriculum and on-site support for volunteer tutors in high-poverty CMS elementary schools, as well as capacity building support for leader and team development for this rapidly growing organization. Payment: 1 of 2 60,000
    North Carolina Business Leaders for Education
    100 SAS Campus Drive Building T
    Cary,NC27513     		NONE PC General operating support for BEST NC, a nonprofit, non-partisan coalition of business leaders committed to moving North Carolinas education system from good to great. Payment: 2 of 3 200,000
    North Carolina Early Childhood Foundation
    514 Daniels Street 173
    Raleigh,NC27605     		NONE PC General operating support for this statewide organization that encourages collaborative policy and practice decisions based on research, data, and analysis to improve outcomes for young children with a focus on equity. Payment: 1 of 2 30,000
    Research Triangle Institute
    PO Box 12194 3040 E Cornwallis Rd
    Research Triangle Park,NC277092194     		NONE PC Program support for the North Carolina Large District Consortium, which provides resources for the 12 highest population districts Superintendents and Chief Academic Officers to deepen their knowledge and implement evidence-based policies and strategies. Payment: 1 of 3 70,000
    Teach For America Inc
    5855 Executive Center Drive Suite
    Charlotte,NC28212     		NONE PC General operating support to bolster Teach For Americas 730 corps members and alumni working in CMS, impacting 25,000 low-income students. Payment: 1 of 2 100,000
    UrbanPromise Charlotte
    5214 Murrayhill Rd
    Charlotte,NC282102321     		NONE PC Program support for a year-round program for 250 low-income students that provides out-of-school-time academic and spiritual development. Payment: 1 of 2 45,000
    Total .................................bullet 3b 602,808
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    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 ...........     		         
    4 Dividends and interest from securities.... 523000 0 14 528,572  
    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 ............     		523000 476,468 18 -1,801,865  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INVESTMENT LOSS     		523000 -23,587 14 567,443  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 452,881 -705,850  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -252,969
    (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.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    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) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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) 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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    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 2018 InvestmentsOtherSchedule2
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ETF VENTURE FUND II, LP AT COST 857,412 454,470
    GF CAPITAL REAL ESTATE FUND II AT COST 1,144,137 96,966
    LEM INVESTORS II, LP AT COST 1,175,280 78,837
    LOGAN LENDER, LP AT COST 1,665,629 1,665,629
    NEXTSTAGE CAPITAL PARTNERS, LP AT COST 783,007 394,271
    SLG LAND INVESTMENTS II LP AT COST 3,000,000 0
    TL VENTURES VII, LP AT COST 234,662 31,885
    WIMBLEDON FINANCING SERIES LTD AT COST 2,000,000 0
    MUTUAL FUNDS   19,338,228 21,143,824
    ADAMAS PARTNERS LP   2,000,000 2,163,148
    ANCHORAGE CAPITAL PARTNERS OFF   1,000,000 1,073,837
    LAKEWOOD CAPITAL OFFSHORE FUND   1,350,000 1,354,510
    SEG PARTNERS OFFSHORE LTD   1,250,000 1,683,338
    VARDE CREDIT PARTNERS OFFSHORE   1,000,000 1,155,138
    COLCHESTER COMBINED GLOBAL FD   1,313,260 1,439,767
    WELLINGTON EMERGING MARKETS LC   1,800,213 2,127,828
    SEMPER VIC PARTNERS LP   2,000,000 2,280,368
    LANSDOWNE DEVELOPED MARKETS FD   2,000,000 2,213,442
    IFP GLOBAL   3,000,000 2,957,808
    SOUTHPOINT QUALIFIED OFFSHORE   1,000,000 1,078,092
    SEGA REAL ASSET NI CTF   4,300,000 4,143,007

    TY 2018 OtherExpensesSchedule
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANTS MGMT SYSTEM SUPPORT 4,274     4,274
    INFORMATION TECHNOLOGY 4,126 825   3,301
    MEMBERSHIP FEES 9,005     9,005
    PAYROLL SERVICE FEES 1,176 235   941
    OFFICE SUPPLIES 1,143 229   914
    INSURANCE 493 99   394
    BOOKS, SUBSCRIPTIONS, REF. 142     142
    OTHER EXPENSES 6,858 1,372   5,486
    PARTNERSHIP EXPENSES   69,971    
    NET OF 965(C) OF $1,397        


    TY 2018 OtherIncomeSchedule2
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 541,668 -12,902  
    TAX REFUND 2,188 2,188  
    .      
    .      
    Line 4 Dividends include $2,416 of      
    965(A) income      


    TY 2018 OtherIncreasesSchedule
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    Description Amount
    MISCELLANEOUS ADJUSTMENTS 39


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONTRACTED SERVICES 15,100 200 0 14,900
    INVESTMENT FEES 151,160 151,160 0 0


    TY 2018 TaxesSchedule
    Name:
    THE BELK FOUNDATION
    EIN:
    27-0237197
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    UBI TAXES 90,276 0 0 0
    PAYROLL TAXES 16,011 3,202 0 12,809
    EXCISE TAX 9,028 0 0 0
    FOREIGN TAX 0 14,454 0 0