-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
08-01-2019
, and ending
07-31-2020
Name of foundation
PATTON FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
128 S TRYON ST SUITE 1580
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE
,
NC
28210
A Employer identification number
23-7026742
B
Telephone number (see instructions)
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
655,136
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
42
42
4
Dividends and interest from securities
...
14,840
13,478
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
16,035
b
Gross sales price for all assets on line 6a
820,781
7
Capital gain net income (from Part IV, line 2)
...
16,035
8
Net short-term capital gain
.........
0
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)
.......
12
Total.
Add lines 1 through 11
........
30,917
29,555
13
Compensation of officers, directors, trustees, etc.
14
Other employee salaries and wages
......
0
0
0
15
Pension plans, employee benefits
.......
0
0
16a
Legal fees (attach schedule)
.........
0
b
Accounting fees (attach schedule)
.......
750
750
0
0
c
Other professional fees (attach schedule)
....
6,122
6,122
0
17
Interest
...............
0
18
Taxes (attach schedule) (see instructions)
...
1,483
335
0
19
Depreciation (attach schedule) and depletion
...
0
0
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
0
0
22
Printing and publications
..........
0
0
23
Other expenses (attach schedule)
.......
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
8,355
7,207
0
0
25
Contributions, gifts, grants paid
.......
30,500
30,500
26
Total expenses and disbursements.
Add lines 24 and 25
38,855
7,207
0
30,500
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-7,938
b
Net investment income
(if negative, enter -0-)
22,348
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
11,719
13,456
13,456
3
Accounts receivable
Less: allowance for doubtful accounts
0
0
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
0
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)
.......
596,434
586,625
641,680
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
0
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
608,153
600,081
655,136
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
608,153
600,081
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
608,153
600,081
30
Total liabilities and net assets/fund balances
(see instructions)
.
608,153
600,081
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
608,153
2
Enter amount from Part I, line 27a
.....................
2
-7,938
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
600,215
5
Decreases not included in line 2 (itemize)
5
134
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
600,081
Form
990-PF
(2019)
Form 990-PF (2019)
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
325.037 KELLNER MERGER FUND
2018-04-03
2019-10-07
b
338.458 AC ALTERNATIVES MARKET NEUTRAL VALUE FUND
2019-10-07
c
79.503 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2019-10-07
d
401.138 BLACKROCK HIGH YIELD BOND PORTFOLIO CLASS K #340
2019-10-07
e
118.913 BLACKROCK HIGH YIELD BOND PORTFOLIO CLASS K #340
2019-10-07
6.554 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260
2019-10-07
135.793 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260
2018-07-02
2019-10-07
694.98 COLUMBIA MID CAP INDEX FUND INSTL #296
2019-10-07
1607.235 COLUMBIA MID CAP INDEX FUND INSTL #296
2019-10-07
236.307 COLUMBIA CONTRARIAN CORE FUND INSTL #6262
2019-10-07
771.685 COLUMBIA CONTRARIAN CORE FUND INSTL #6262
2019-10-07
720.75 DFA INTERNATIONAL REAL ESTATE SECURITIES FUND
2019-10-07
237.918 EATON VANCE GLBL MACRO ABS RET ADVTG R6
2018-04-03
2019-10-07
.151 EATON VANCE GLBL MACRO ABS RET ADVTG R6
2018-12-31
2019-10-07
5.591 FIDELITY ADVISIOR INTERNATIONAL REAL ESTATE FUND
2019-10-07
138.272 FIDELITY ADVISIOR INTERNATIONAL REAL ESTATE FUND
2019-10-07
8.933 GLENMEDE SECURED OPTIONS PORTFOLIO
2019-10-07
312.788 GLENMEDE SECURED OPTIONS PORTFOLIO
2018-10-03
2019-10-07
1133.825 GLENMEDE LARGE CAP CORE PORTFOLIO - INST #5559
2019-10-07
287.231 GLENMEDE LARGE CAP CORE PORTFOLIO - INST #5559
2019-10-07
35. GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4650
2017-04-24
2019-10-07
65.85 OAKMARK FUND - INST #2876
2019-10-07
230.247 OAKMARK FUND - INST #2876
2018-10-03
2019-10-07
615.479 HARTFORD EMERGING MARKETS LOCAL DEBT FUND CLASS Y #1025
2019-10-07
68.528 HARTFORD EMERGING MARKETS LOCAL DEBT FUND CLASS Y #1025
2019-10-07
40.624 WCM FOCUSED INTERNATIONAL GROWTH FUND #840
2018-07-02
2019-10-07
352.202 361 GLOBAL LONG/SHORT EQUITY FUND CLASS Y #832
2019-10-07
12.356 361 GLOBAL LONG/SHORT EQUITY FUND CLASS Y #832
2018-12-07
2019-10-07
264.411 IVY HIGH INCOME FUND CLASS N #229
2019-10-07
90.071 IVY HIGH INCOME FUND CLASS N #229
2019-10-07
24.527 LAZARD INTERNATIONAL EQUITY INST #632
2019-10-07
319.118 PARTNER SELECT ALTERNATIVE STRATEGIES INSTL
2019-10-07
11.708 PARTNER SELECT ALTERNATIVE STRATEGIES INSTL
2019-10-07
659.667 MFS MID CAP VALUE R6 #4837
2019-10-07
274.908 INVENOMIC INSTITUTIONAL CLASS
2019-10-07
30.297 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896
2018-07-02
2019-10-07
67.696 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #32
2017-10-03
2019-10-07
494.718 T ROWE PRICE INSTITUTIONAL EMERGING MARKETS BOND FUND #163
2018-10-03
2019-10-07
20.668 T ROWE PRICE INSTITUTIONAL EMERGING MARKETS BOND FUND #163
2019-10-07
2.043 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269
2019-10-07
114.445 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269
2019-10-07
32.037 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524
2018-10-03
2019-10-07
7. T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531
2018-10-03
2019-10-07
31.013 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245
2018-10-03
2019-10-07
4.407 INFINTY Q DIVERSIFIED ALPHA FUND #2373
2019-10-07
241.575 INFINTY Q DIVERSIFIED ALPHA FUND #2373
2018-10-03
2019-10-07
93.83 VANGUARD 500 INDEX FUND ADM #540
2019-10-07
229.328 VANGUARD 500 INDEX FUND ADM #540
2019-10-07
5.704 GLENMEDE LARGE CAP CORE PORTFOLIO - INST #5559
2018-12-17
2019-10-08
6.25 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416
2019-10-07
2019-10-24
22.677 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2019-10-24
2.8 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2019-10-07
2019-10-24
12.976 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896
2018-07-02
2019-10-24
61.891 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416
2019-10-07
2019-11-13
315.047 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2019-11-13
777.306 CAUSEWAY EMERGING MARKETS FUND INST #1273
2019-11-13
21.872 CAUSEWAY EMERGING MARKETS FUND INST #1273
2018-12-21
2019-11-13
62.399 COLUMBIA SMALL CAP INDEX FUND INTL #444
2019-11-13
43.915 FEDERATED HERMES MDT SMALL CAP CORE FUND
2019-11-13
129.116 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830
2019-10-07
2019-11-13
1095.459 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999
2018-04-03
2019-11-13
427.01 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4
2017-04-24
2019-11-13
118.136 WCM FOCUSED INTERNATIONAL GROWTH FUND #840
2018-07-02
2019-11-13
29.383 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2019-10-07
2019-11-13
116.94 LAZARD INTERNATIONAL EQUITY INST #632
2016-05-31
2019-11-13
96.945 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196
2019-10-07
2019-11-13
252.832 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896
2018-07-02
2019-11-13
218.294 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3
2017-10-03
2019-11-13
131.71 PIMCO STOCKSPLUS SMALL FUND - INST #1885
2019-11-13
32.853 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524
2018-10-03
2019-11-13
247.378 VANGUARD MID CAP VALUE INDEX FUND ADM #5835
2019-10-07
2019-11-13
297.749 VANGUARD MID-CAP GROWTH INDEX FUND - ADM #5832
2019-10-07
2019-11-13
25.305 VICTORY INTEGRITY DISCOVERY FUND CLASS Y
2019-11-13
1.439 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662
2019-11-13
2019-11-13
19. ISHARES RUSSELL MID-CAP GROWTH ETF
2019-11-13
2019-11-19
4.076 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K
2019-11-13
2019-11-27
1. ISHARES RUSSELL MID-CAP VALUE ETF
2019-11-13
2019-11-27
193.77 INVESCO OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL R6
2019-11-29
353.151 INVESCO OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL R6
2019-11-29
300.496 TORTOISE MLP & PIPELINE FUND - INS
2019-11-29
136.289 TORTOISE MLP & PIPELINE FUND - INS
2019-11-29
541.188 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416
2020-01-06
143.781 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2020-01-06
388.335 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852
2020-01-06
306.204 FIDELITY LARGE CAP GROWTH INDEX FUND #2826
2020-01-06
766.948 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999
2018-04-03
2020-01-06
101.425 WCM FOCUSED INTERNATIONAL GROWTH FUND #840
2018-07-02
2020-01-06
5. ISHARES RUSSELL MID-CAP VALUE ETF
2019-11-13
2020-01-06
112. ISHARES MSCI ACWI ETF
2019-12-02
2020-01-06
86.077 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2020-01-06
3.702 LAZARD INTERNATIONAL EQUITY INST #632
2016-05-31
2020-01-06
143.664 MFS MID CAP VALUE R6 #4837
2020-01-06
153.884 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196
2020-01-06
328.486 MORGAN STANLEY INST GROWTH IR #8708
2020-01-06
127.392 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896
2018-07-02
2020-01-06
90.518 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524
2020-01-06
94.345 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662
2020-01-06
.559 IVY HIGH INCOME FUND CLASS N #229
2020-01-23
.003 IVY HIGH INCOME FUND CLASS N #229
2020-01-27
2020-01-31
165. ISHARES RUSSELL MID-CAP VALUE ETF
2019-11-13
2020-03-06
7.102 NUANCE MID CAP VALUE FUND CLASS Z
2020-01-06
2020-03-06
2.452 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943
2020-01-06
2020-03-11
125. ISHARES RUSSELL MID-CAP GROWTH ETF
2020-03-11
373.259 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851
2018-07-02
2020-03-16
503.765 BAIRD AGGREGATE BOND FUND INST #72
2020-03-16
49.53 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852
2019-10-07
2020-03-16
222.897 FIDELITY LARGE CAP GROWTH INDEX FUND #2826
2019-11-13
2020-03-16
32.027 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148
2020-01-06
2020-03-16
33.37 MORGAN STANLEY INST GROWTH IR #8708
2019-10-07
2020-03-16
396.57 WELLS FARGO CORE BOND FUND CLASS R6 #4657
2016-05-31
2020-03-16
98.769 VICTORY INTEGRITY DISCOVERY FUND CLASS Y
2019-01-10
2020-03-18
.054 VICTORY INTEGRITY DISCOVERY FUND CLASS Y
2020-01-06
2020-03-18
314.698 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3
2020-03-23
1297.746 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #
2020-03-23
58.458 VICTORY INTEGRITY DISCOVERY FUND CLASS Y
2020-03-27
1017.345 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416
2020-04-06
77.563 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST
2020-01-06
2020-04-06
46.914 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K
2020-04-06
247.531 BAIRD AGGREGATE BOND FUND INST #72
2015-05-08
2020-04-06
535.107 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2020-04-06
247.938 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999
2020-04-06
62.456 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4
2015-05-08
2020-04-06
51.832 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4
2017-04-24
2020-04-06
12.728 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531
2020-04-06
69.342 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245
2020-04-06
217.905 WELLS FARGO CORE BOND FUND CLASS R6 #4657
2016-05-31
2020-04-06
3.004 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467
2019-04-02
2020-05-08
51.848 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2020-05-08
36.025 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943
2020-01-06
2020-05-08
61.501 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852
2019-10-07
2020-05-08
22.501 COLUMBIA SMALL CAP INDEX FUND INTL #444
2020-05-08
28.653 FEDERATED HERMES MDT SMALL CAP CORE FUND
2019-04-02
2020-05-08
49.512 FIDELITY MID CAP VALUE INDEX FUND #3404
2020-03-06
2020-05-08
116.725 FIDELITY MID CAP GROWTH INDEX FUND #3403
2020-03-11
2020-05-08
125.888 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830
2020-05-08
284.202 FIDELITY LARGE CAP GROWTH INDEX FUND #2826
2020-05-08
8.22 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #465
2015-05-08
2020-05-08
59.082 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148
2020-01-06
2020-05-08
56.02 WCM FOCUSED INTERNATIONAL GROWTH FUND #840
2018-07-02
2020-05-08
23.031 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2019-10-07
2020-05-08
26.461 MFS MID CAP VALUE R6 #4837
2019-01-10
2020-05-08
61.947 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196
2019-10-07
2020-05-08
97.661 MORGAN STANLEY INST GROWTH IR #8708
2019-10-07
2020-05-08
73.784 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896
2018-07-02
2020-05-08
42.593 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321
2020-04-06
2020-05-08
108.924 PIMCO STOCKSPLUS SMALL FUND - INST #1885
2019-01-10
2020-05-08
12.848 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524
2020-05-08
5.353 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662
2019-10-07
2020-05-08
145.761 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852
2019-10-07
2020-05-15
1469.951 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830
2020-05-15
643.396 FIDELITY LARGE CAP GROWTH INDEX FUND #2826
2019-10-07
2020-05-15
44.4 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148
2020-01-06
2020-05-15
144.683 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2019-10-07
2020-05-15
44.475 MORGAN STANLEY INST GROWTH IR #8708
2019-10-07
2020-05-15
20.352 VANGUARD EQUITY INCOME FUND ADM #565
2020-01-06
2020-05-15
1264.078 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851
2020-07-13
57.022 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467
2020-07-13
206.244 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST
2020-07-13
131.383 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K
2020-07-13
525.907 BAIRD AGGREGATE BOND FUND INST #72
2020-07-13
113.691 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943
2020-01-06
2020-07-13
123.087 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852
2019-10-07
2020-07-13
130.231 COLUMBIA SMALL CAP INDEX FUND INTL #444
2020-07-13
27.883 FEDERATED HERMES MDT SMALL CAP CORE FUND
2019-04-02
2020-07-13
1792.922 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830
2019-10-07
2020-07-13
796.033 FIDELITY LARGE CAP GROWTH INDEX FUND #2826
2020-07-13
962.913 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999
2020-07-13
350.843 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999
2020-07-13
40.646 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4
2019-07-03
2020-07-13
18.561 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4
2017-04-24
2020-07-13
124.024 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148
2020-01-06
2020-07-13
107.937 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2019-10-07
2020-07-13
24.629 MFS MID CAP VALUE R6 #4837
2019-07-03
2020-07-13
166.953 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196
2019-10-07
2020-07-13
80.141 MORGAN STANLEY INST GROWTH IR #8708
2019-10-07
2020-07-13
231.18 PIMCO STOCKSPLUS SMALL FUND - INST #1885
2019-01-10
2020-07-13
76.755 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524
2020-07-13
233.543 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245
2020-07-13
22.141 VANGUARD EQUITY INCOME FUND ADM #565
2020-01-06
2020-07-13
528.459 WELLS FARGO CORE BOND FUND CLASS R6 #4657
2020-07-13
73.578 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804
2016-10-07
2020-07-24
4.53 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943
2020-01-06
2020-07-24
5.483 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852
2019-10-07
2020-07-24
11.948 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260
2020-07-13
2020-07-24
11.348 COLUMBIA SMALL CAP INDEX FUND INTL #444
2016-10-07
2020-07-24
39.416 FEDERATED HERMES MDT SMALL CAP CORE FUND
2019-04-02
2020-07-24
164.801 FIDELITY MID CAP VALUE INDEX FUND #3404
2020-03-06
2020-07-24
52.565 FIDELITY MID CAP GROWTH INDEX FUND #3403
2020-07-13
2020-07-24
7.138 FIDELITY LARGE CAP GROWTH INDEX FUND #2826
2019-10-07
2020-07-24
40.243 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4
2019-07-03
2020-07-24
133.304 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #
2017-04-24
2020-07-24
1.593 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148
2020-01-06
2020-07-24
62.127 WCM FOCUSED INTERNATIONAL GROWTH FUND #840
2018-07-02
2020-07-24
68. ISHARES RUSSELL TOP 200 VALUE ETF
2020-07-13
2020-07-24
77.294 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336
2019-10-07
2020-07-24
33.701 LAZARD INTERNATIONAL EQUITY INST #632
2019-04-02
2020-07-24
35.951 MFS MID CAP VALUE R6 #4837
2019-07-03
2020-07-24
16.562 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023
2020-07-13
2020-07-24
38.59 NUANCE MID CAP VALUE FUND CLASS Z
2020-01-06
2020-07-24
2.931 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196
2019-10-07
2020-07-24
22.255 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726
2020-07-13
2020-07-24
42.11 PEAR TREE POLARIS FGN VAL SM CAP R6
2020-07-24
85.24 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896
2018-07-02
2020-07-24
179.856 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321
2020-07-24
33.808 PIMCO STOCKSPLUS SMALL FUND - INST #1885
2019-01-10
2020-07-24
11.251 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269
2020-07-13
2020-07-24
2. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF
2020-07-13
2020-07-24
2.193 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524
2016-05-31
2020-07-24
32.024 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531
2017-04-24
2020-07-24
36.375 VANGUARD EQUITY INCOME FUND ADM #565
2020-01-06
2020-07-24
5. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX
2020-07-13
2020-07-24
17.78 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662
2019-10-07
2020-07-24
CAPITAL GAIN DIVIDENDS
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
3,637
3,475
162
b
3,307
3,652
-345
c
1,041
954
87
d
3,065
2,968
97
e
908
908
117
110
7
2,431
2,095
336
10,487
10,273
214
24,253
24,597
-344
6,227
5,407
820
20,334
18,563
1,771
3,906
3,823
83
2,453
2,484
-31
2
1
1
68
67
1
1,681
1,592
89
114
105
9
3,982
4,085
-103
29,241
29,654
-413
7,408
7,083
325
315
323
-8
4,983
4,732
251
17,423
20,662
-3,239
3,514
4,657
-1,143
391
379
12
695
649
46
3,906
3,948
-42
137
131
6
1,869
1,894
-25
637
648
-11
428
425
3
3,683
3,669
14
135
133
2
15,674
15,933
-259
3,057
3,023
34
323
347
-24
519
568
-49
4,200
4,130
70
175
170
5
57
54
3
3,217
2,588
629
2,972
3,129
-157
295
281
14
327
338
-11
52
51
1
2,865
2,800
65
25,453
24,981
472
62,210
46,259
15,951
145
139
6
166
161
5
310
272
38
102
99
3
144
149
-5
1,689
1,592
97
4,376
3,781
595
9,600
9,262
338
270
246
24
1,467
1,558
-91
848
851
-3
1,694
1,606
88
10,374
10,297
77
3,984
3,944
40
2,117
1,888
229
1,096
1,037
59
2,140
2,004
136
2,380
2,216
164
2,857
2,895
-38
1,766
1,831
-65
1,271
1,235
36
3,146
3,209
-63
14,820
14,175
645
19,437
18,815
622
932
889
43
61
61
2,844
2,783
61
86
85
1
93
92
1
1,279
1,501
-222
2,331
2,923
-592
3,489
4,027
-538
1,582
1,784
-202
14,596
14,003
593
2,000
1,725
275
18,842
17,635
1,207
5,429
5,137
292
7,263
7,209
54
1,922
1,621
301
470
458
12
8,878
8,646
232
3,190
3,101
89
69
63
6
3,639
2,956
683
3,764
3,541
223
15,879
16,068
-189
1,451
1,459
-8
8,649
8,015
634
3,971
3,821
150
4
4
13,596
15,129
-1,533
87
96
-9
66
76
-10
16,418
18,376
-1,958
3,699
3,695
4
5,753
5,494
259
1,845
2,187
-342
3,047
3,727
-680
1,218
1,587
-369
1,229
1,632
-403
5,318
5,140
178
1,846
3,396
-1,550
1
2
-1
1,640
1,935
-295
6,761
10,724
-3,963
1,267
1,566
-299
19,197
25,182
-5,985
681
894
-213
760
1,020
-260
2,807
2,683
124
5,731
6,421
-690
2,286
2,331
-45
534
677
-143
396
479
-83
468
498
-30
622
746
-124
2,933
2,824
109
42
40
2
589
622
-33
1,111
1,109
2
2,909
2,715
194
403
535
-132
453
551
-98
811
917
-106
2,331
2,100
231
1,347
1,660
-313
5,019
4,566
453
79
89
-10
2,937
2,928
9
991
895
96
655
813
-158
525
554
-29
1,514
1,416
98
5,845
4,776
1,069
622
845
-223
207
190
17
830
969
-139
1,108
1,205
-97
175
214
-39
6,842
6,435
407
15,067
18,548
-3,481
11,253
10,211
1,042
2,204
2,200
4
3,905
5,107
-1,202
2,729
2,175
554
1,306
1,616
-310
13,020
12,521
499
901
791
110
2,213
2,315
-102
2,784
2,812
-28
6,232
5,703
529
3,795
3,501
294
6,467
5,434
1,033
2,421
2,924
-503
469
536
-67
19,758
22,304
-2,546
15,650
12,689
2,961
9,167
9,057
110
3,340
3,321
19
428
477
-49
178
171
7
6,959
6,147
812
3,196
3,810
-614
515
595
-80
4,663
3,817
846
5,928
3,919
2,009
1,861
2,058
-197
7,182
6,316
866
2,604
2,179
425
1,510
1,758
-248
7,409
6,850
559
944
883
61
157
139
18
289
242
47
173
171
2
222
254
-32
689
758
-69
2,978
3,052
-74
1,190
1,147
43
141
113
28
437
472
-35
1,293
1,231
62
90
79
11
1,291
993
298
3,471
3,407
64
2,369
2,728
-359
579
587
-8
792
868
-76
184
180
4
487
522
-35
85
67
18
227
220
7
390
497
-107
803
976
-173
1,000
818
182
285
301
-16
269
264
5
81
79
2
213
165
48
1,451
1,165
286
2,556
2,887
-331
594
579
15
630
712
-82
8,670
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
162
b
-345
c
87
d
97
e
7
336
214
-344
820
1,771
83
-31
1
1
89
9
-103
-413
325
-8
251
-3,239
-1,143
12
46
-42
6
-25
-11
3
14
2
-259
34
-24
-49
70
5
3
629
-157
14
-11
1
65
472
15,951
6
5
38
3
-5
97
595
338
24
-91
-3
88
77
40
229
59
136
164
-38
-65
36
-63
645
622
43
61
1
1
-222
-592
-538
-202
593
275
1,207
292
54
301
12
232
89
6
683
223
-189
-8
634
150
-1,533
-9
-10
-1,958
4
259
-342
-680
-369
-403
178
-1,550
-1
-295
-3,963
-299
-5,985
-213
-260
124
-690
-45
-143
-83
-30
-124
109
2
-33
2
194
-132
-98
-106
231
-313
453
-10
9
96
-158
-29
98
1,069
-223
17
-139
-97
-39
407
-3,481
1,042
4
-1,202
554
-310
499
110
-102
-28
529
294
1,033
-503
-67
-2,546
2,961
110
19
-49
7
812
-614
-80
846
2,009
-197
866
425
-248
559
61
18
47
2
-32
-69
-74
43
28
-35
62
11
298
64
-359
-8
-76
4
-35
18
7
-107
-173
182
-16
5
2
48
286
-331
15
-82
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
16,035
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
...................
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?
Yes
No
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))
2018
30,500
629,836
0.048425
2017
30,500
664,138
0.045924
2016
30,333
593,578
0.051102
2015
30,598
563,130
0.054336
2014
31,886
629,472
0.050655
2
Total
of line 1, column (d)
.....................
2
0.250442
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
0.050088
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
627,477
5
Multiply line 4 by line 3
......................
5
31,429
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
223
7
Add lines 5 and 6
........................
7
31,652
8
Enter qualifying distributions from Part XII, line 4
,.............
8
30,500
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
(2019)
Form 990-PF (2019)
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
and enter “N/A" on line 1.
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
447
here
and 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
0
3
Add lines 1 and 2
...........................
3
447
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
447
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
824
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
824
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
377
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
377
Refunded
11
0
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.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
NC
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 2019 or the taxable year beginning in 2019? 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
(2019)
Form 990-PF (2019)
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 address
14
The books are in care of
FIRST CITIZENS BANK
Telephone no.
(704) 338-4396
Located at
128 S TRYON ST STE 1580
CHARLOTTE
NC
ZIP+4
28210
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
John C Patton
Director
1
0
9568 Van Wyck Rd
Lancaster
,
SC
29720
J Darren Patton
Director
1
0
9568 Van Wyck Rd
Lancaster
,
SC
29720
Jed W Patton
Director
1
0
9568 Van Wyck Rd
Lancaster
,
SC
29720
Cindy O Patton
Director
1
0
9568 Van Wyck Rd
Lancaster
,
SC
29720
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
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
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
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
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
625,444
b
Average of monthly cash balances
.......................
1b
11,588
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
637,032
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
637,032
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
9,555
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
627,477
6
Minimum investment return.
Enter 5% of line 5
..................
6
31,374
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
31,374
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
447
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
447
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
30,927
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
30,927
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
30,927
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
30,500
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
30,500
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
30,500
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
30,927
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
0
b
From 2015
......
2,307
c
From 2016
......
988
d
From 2017
......
0
e
From 2018
......
0
f
Total
of lines 3a through e
........
3,295
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
30,500
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
30,500
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
427
427
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
2,868
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
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
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)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
2,868
10
Analysis of line 9:
a
Excess from 2015
....
1,880
b
Excess from 2016
....
988
c
Excess from 2017
....
0
d
Excess from 2018
....
0
e
Excess from 2019
....
0
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
SALVATION ARMY
1023 CENTRAL AVENUE
CHARLOTTE
,
NC
28204
NONE
PC
UNRESTRICTED GRANT
5,000
COMMUNITY CULINARY SCHOOL
2401-A DISTRIBUTION ST
CHARLOTTE
,
NC
28203
NONE
PC
UNRESTRICTED GRANT
5,000
PROJECT HOPE FOR JUVENILE ARTHRITIS
6116 CLAPTON DRIVE
WAKE FOREST
,
NC
27587
NONE
PC
UNRESTRICTED GRANT
2,500
INREACH
ATTN KATHI KNIER
4425 RANDOLPH RD STE 400
CHARLOTTE
,
NC
28211
NONE
PC
UNRESTRICTED GRANT
5,000
CHARLOTTE RESCUE MISSION
ATTN EJ UNDERWOOD
PO BOX 33000
CHARLOTTE
,
NC
282333000
NONE
PC
UNRESTRICTED GRANT
5,000
CATHERINE'S HOUSE INC
PO BOX 1633
BELMONT
,
NC
28012
NONE
PC
UNRESTRICTED GRANT
5,000
SPECIAL OLYMPICS SOUTH CAROLINA INC
109 OAK PARK DRIVE
IRMO
,
SC
29063
NONE
PC
UNRESTRICTED GRANT
500
HOSPICE & PALLIATICE CARE - CHARLOTTE
1420 E 7TH STREET
Charlotte
,
NC
28204
NONE
PC
UNRESTRICTED GRANT
2,500
Total
.................................
3a
30,500
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
42
4
Dividends and interest from securities
....
14
14,840
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
16,035
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
30,917
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
30,917
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description