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 04-01-2018 , and ending 03-31-2019
Name of foundation
C A CANNON CHAR TRUST #1 (#190)
 
Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTE, NC28262
A Employer identification number

56-6132354
B Telephone number (see instructions)

(704) 262-2347
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$280,660,798J Accounting method:
 
(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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 4,524,188 4,524,188  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,384,445
b Gross sales price for all assets on line 6a 36,684,168
7 Capital gain net income (from Part IV, line 2)... 16,384,445
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)....... Click to see attachment 105,700 -112,257  
12 Total. Add lines 1 through 11........ 21,014,333 20,796,376  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,046,817 1,251,598   795,219
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 6,085 3,651 0 2,434
b Accounting fees (attach schedule)....... Click to see attachment 1,800 0 0 1,800
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 440,579 152,265   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)....... Click to see attachment 208,505 35,958   172,547
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,703,786 1,443,472 0 972,000
25 Contributions, gifts, grants paid....... 10,353,364 10,353,364
26 Total expenses and disbursements. Add lines 24 and 25 13,057,150 1,443,472 0 11,325,364
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,957,183
b Net investment income (if negative, enter -0-) 19,352,904
c Adjusted net income (if negative, enter -0-)... 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............. 35,040    
2 Savings and temporary cash investments......... 1,040,815 2,857,063 2,857,063
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 11,225,279 Click to see attachment11,285,439 11,292,190
b Investments—corporate stock (attach schedule)....... 128,734,626 Click to see attachment134,765,473 247,530,477
c Investments—corporate bonds (attach schedule)....... 11,333,006 Click to see attachment11,767,451 11,805,766
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,899,631 Click to see attachment7,194,151 7,175,302
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) 164,268,397 167,869,577 280,660,798
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
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........ 164,268,397 167,869,577
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 164,268,397 167,869,577
31 Total liabilities and net assets/fund balances (see instructions). 164,268,397 167,869,577
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
164,268,397
2
Enter amount from Part I, line 27a .....................
2
7,957,183
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,091,683
4
Add lines 1, 2, and 3 ..........................
4
173,317,263
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,447,686
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
167,869,577
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 5000. AMERICAN EXPRESS CO   2015-03-03 2018-10-31
b 5000. AMERICAN EXPRESS CO   2015-03-03 2019-01-28
c 5000. AMERICAN EXPRESS CO   2015-09-24 2019-03-06
d 250000. AMERICAN HONDA FINAN 2.650% 2/12/21   2018-02-12 2018-12-27
e 6000. AMERICAN TOWER CORP   2013-08-12 2018-07-12
3000. AMERICAN TOWER CORP   2013-08-12 2018-10-31
6000. AMERICAN TOWER CORP   2013-08-12 2019-01-16
5000. AMERICAN TOWER CORP   2009-08-10 2019-02-12
145000. ANHEUSER-BUSCH INBEV 2.150% 2/01/19   2014-06-03 2018-04-23
7500. APPLE INC   2016-05-19 2018-10-25
210000. 21ST CENTURY FOX INC CLASS B - FOX   2013-07-01 2019-03-19
112000. ASPEN INSURANCE HLDG 6.000% 12/15/20   2018-03-09 2018-06-18
1. BP CAPITAL MARKETS 3.245% 5/06/22     2018-12-14
175000. BANK OF NY MELLON CO 2.500% 4/15/21   2016-09-21 2018-09-07
1.16 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-04-02
1.15 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-05-02
1.58 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-06-04
.98 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-07-02
1.12 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-08-01
1. BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-09-04
1.12 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-10-02
1.03 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-11-01
1.05 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2018-12-03
1.01 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2019-01-03
1.15 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2019-02-01
1.46 BEAR STEARNS MTG 6.750% 5/02/30   2001-06-11 2019-03-04
200000. CAPITAL ONE FINANCIA 3.050% 3/09/22   2017-03-16 2018-05-23
75000. CAPITAL ONE FINANCIA 3.050% 3/09/22   2018-04-30 2018-05-23
5000. CHENIERE ENERGY INC   2015-08-19 2018-10-31
10000. COGNIZANT TECH SOLUTIONS CRP COM   2014-09-23 2018-10-25
5000. COGNIZANT TECH SOLUTIONS CRP COM   2014-09-23 2019-02-12
10000. COGNIZANT TECH SOLUTIONS CRP COM   2014-09-23 2019-03-06
5000. COGNIZANT TECH SOLUTIONS CRP COM   2014-09-23 2019-03-08
200000. DEUTSCHE BANK AG LON 2.500% 2/13/19   2014-04-01 2019-02-13
3000. DIAGEO PLC - ADR   2009-12-23 2019-01-28
3000. DIAGEO PLC - ADR   2009-12-23 2019-03-08
45682.96 DODGE & COX INT'L STOCK FD #1048   2009-12-10 2018-05-31
175000. DOMINION RESOURCES 6.400% 6/15/18   2008-06-13 2018-06-15
60000. DR PEPPER SNAPPLE GR 3.130% 12/15/23   2017-11-15 2018-04-30
9000. EOG RESOURCES, INC   2018-10-31 2019-03-08
2868.05 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-04-15
1425.85 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-05-15
2454.04 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-06-15
1578.51 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-07-15
4053.11 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-08-15
1093.84 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-09-15
1471.19 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-10-15
2712.65 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-11-15
1632.5 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2018-12-15
2059.86 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2019-01-15
1146.9 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2019-02-15
2552.8 FHLMC POOL #J15186 4.000% 4/01/26   2011-12-13 2019-03-15
16144.43 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-04-15
584.77 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-05-15
587.33 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-06-15
589.9 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-07-15
592.48 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-08-15
595.07 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-09-15
597.7 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-10-15
600.3 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-11-15
602.91 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2018-12-15
605.56 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2019-01-15
608.2 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2019-02-15
610.86 FHLMC POOL #E02909 5.000% 6/01/26   2012-03-13 2019-03-15
418.6 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-04-15
441.21 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-05-15
432.43 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-06-15
4915. FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-07-15
348.26 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-08-15
369.42 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-09-15
9138.81 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-10-15
382.27 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-11-15
351.54 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2018-12-15
4688.92 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2019-01-15
362.58 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2019-02-15
368.03 FHLMC POOL #Q37797 3.500% 12/01/45   2016-11-03 2019-03-15
422.24 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-04-25
870.04 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-05-25
1973.84 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-06-25
1307.75 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-07-25
821.81 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-08-25
863.64 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-09-25
229.03 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-10-25
1351.56 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-11-25
1401.08 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2018-12-25
233.47 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2019-01-25
538.52 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2019-02-25
520.06 FNMA POOL #AO5472 3.500% 7/01/42   2012-12-10 2019-03-25
1115.36 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-04-25
1112.06 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-05-25
1026.53 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-06-25
942.95 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-07-25
876.59 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-08-25
870.82 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-09-25
744.92 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-10-25
720.7 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-11-25
617.48 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2018-12-25
573.59 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2019-01-25
456.84 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2019-02-25
383.42 FNMA POOL #890379 5.000% 12/01/20   2012-02-13 2019-03-25
61.75 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-04-15
62.24 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-05-15
62.73 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-06-15
63.22 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-07-15
62.61 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-08-15
63.11 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-09-15
69.33 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-10-15
64.11 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-11-15
64.62 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2018-12-15
65.14 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2019-01-15
65.65 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2019-02-15
66.17 GNMA POOL #323192 9.000% 7/15/22   1994-10-06 2019-03-15
671.33 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-04-20
3006.35 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-05-20
522.63 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-06-20
1610.89 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-07-20
79.61 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-08-20
1307.55 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-09-20
2299.55 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-10-20
316.15 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-11-20
73.38 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2018-12-20
73.24 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2019-01-20
74.73 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2019-02-20
75.08 GNMA II POOL #783349 5.000% 7/20/40   2013-12-04 2019-03-20
140000. GENERAL ELEC CAP COR 5.625% 5/01/18   2008-10-07 2018-05-01
240000. GEORGIA POWER COMPAN 5.400% 6/01/18   2008-05-27 2018-04-27
1156.96 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-04-16
2235.4 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-05-16
1392.81 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-06-16
1567.98 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-07-16
384.4 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-08-16
1096.77 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-09-16
366.34 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-10-16
384.89 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-11-16
916.78 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2018-12-16
1518.58 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2019-01-16
1016.76 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2019-02-16
493.76 GOVT NATL MTG ASSN 4.250% 3/16/33   2014-03-27 2019-03-16
3671.23 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-04-20
3534.39 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-05-20
3500.9 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-06-20
3858.83 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-07-20
3842.11 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-08-20
3693.16 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-09-20
2626.54 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-10-20
2744.05 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-11-20
2434.03 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2018-12-20
2173.86 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2019-01-20
1820.56 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2019-02-20
2140.33 GOVT NATL MTG ASSN 3.000% 7/20/40   2014-09-24 2019-03-20
5000. JPMORGAN CHASE & CO   2009-03-24 2019-03-06
877.39 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-04-17
956.12 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-05-17
885.31 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-06-15
963.82 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-07-17
19753.14 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-08-17
869.54 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-09-17
945.54 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-10-17
4367.56 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-11-19
944.2 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2018-12-17
78856.72 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2019-01-17
6153.07 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2019-02-15
78319.81 JPMBB COMMERCIAL MO 3.0456% 4/15/47   2015-01-20 2019-03-15
225000. KEYCORP 2.900% 9/15/20   2016-10-27 2018-10-23
12000. MICROSOFT CORP   2001-03-30 2018-07-12
3000. MICROSOFT CORP   2001-03-30 2018-10-31
5000. MICROSOFT CORP   2001-03-30 2019-01-16
10000. MICROSOFT CORP   2001-03-30 2019-01-28
10000. MICRON TECHNOLOGY INC   2015-06-11 2019-02-12
35000. NORFOLK SOUTHERN COR 5.750% 4/01/18   2009-02-03 2018-04-01
10000. PBF ENERGY INC   2014-11-19 2018-05-01
80000. PBF ENERGY INC   2015-09-24 2018-06-13
250000. PEPSICO INC 2.250% 5/02/22   2017-06-12 2019-01-31
5000. THERMO FISHER SCIENTIFIC INC   2012-05-02 2019-01-16
5000. THERMO FISHER SCIENTIFIC INC   2012-05-02 2019-01-28
90000. TRANS-CANADA PIPELIN 7.125% 1/15/19   2009-01-06 2019-01-15
2000. TRANSDIGM GROUP INC   2016-02-10 2019-01-28
1000. TRANSDIGM GROUP INC   2016-02-10 2019-03-08
3000. UNION PACIFIC CORP   2015-09-24 2018-10-25
5000. UNION PACIFIC CORP   2009-10-20 2019-01-16
3000. UNION PACIFIC CORP   2009-10-20 2019-02-12
150000. US TREASURY NOTE 2.000% 8/15/25   2015-09-11 2018-04-30
400000. US TREASURY NOTE 2.000% 8/15/25   2017-06-28 2018-04-30
250000. US TREASURY NOTE 0.750% 2/15/19   2016-11-14 2018-10-19
400000. US TREASURY NOTE 0.750% 2/15/19   2017-02-16 2019-02-15
300000. US TREASURY NOTE 1.625% 11/15/22   2016-02-23 2018-11-01
590000. US TREASURY NOTE 1.000% 11/30/18   2017-02-21 2018-07-09
575000. US TREASURY NOTE 1.125% 2/28/19   2017-03-15 2019-02-28
245000. US TREASURY NOTE 0.875% 7/15/18   2016-06-01 2018-04-10
220000. VERIZON COMMUNICATIO 5.150% 9/15/23   2013-09-11 2018-06-15
7000. VISA INC-CLASS A SHRS   2010-09-17 2018-10-25
8000. VISA INC-CLASS A SHRS   2010-09-17 2019-01-16
821. WABTEC CORP   2019-01-31 2019-03-08
.763 WABTEC CORP   2019-01-31 2019-03-27
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 516,079   406,743 109,336
b 501,454   406,743 94,711
c 545,021   371,555 173,466
d 246,683   249,650 -2,967
e 863,077   417,779 445,298
470,043   208,890 261,153
981,433   417,779 563,654
863,908   161,886 702,022
145,000   146,247 -1,247
1,647,495   704,825 942,670
2,815,750   1,166,104 1,649,646
119,741   119,506 235
250     250
172,323   179,442 -7,119
1   1  
1   1  
2   2  
1   1  
1   1  
1   1  
1   1  
1   1  
1   1  
1   1  
1   1  
1   1  
195,492   199,604 -4,112
73,310   73,550 -240
303,187   325,126 -21,939
714,827   448,865 265,962
367,587   224,433 143,154
717,362   448,865 268,497
357,058   224,433 132,625
200,000   199,924 76
427,697   205,714 221,983
475,991   205,714 270,277
2,000,000   1,457,743 542,257
175,000   175,155 -155
57,179   60,748 -3,569
787,211   972,321 -185,110
2,868   3,016 -148
1,426   1,500 -74
2,454   2,581 -127
1,579   1,660 -81
4,053   4,263 -210
1,094   1,150 -56
1,471   1,547 -76
2,713   2,853 -140
1,633   1,717 -84
2,060   2,166 -106
1,147   1,206 -59
2,553   2,685 -132
16,144   17,451 -1,307
585   632 -47
587   635 -48
590   638 -48
592   640 -48
595   643 -48
598   646 -48
600   649 -49
603   652 -49
606   655 -49
608   657 -49
611   660 -49
419   443 -24
441   467 -26
432   458 -26
4,915   5,201 -286
348   369 -21
369   391 -22
9,139   9,670 -531
382   404 -22
352   372 -20
4,689   4,961 -272
363   384 -21
368   389 -21
422   452 -30
870   931 -61
1,974   2,113 -139
1,308   1,400 -92
822   880 -58
864   925 -61
229   245 -16
1,352   1,447 -95
1,401   1,500 -99
233   250 -17
539   576 -37
520   557 -37
1,115   1,209 -94
1,112   1,206 -94
1,027   1,113 -86
943   1,022 -79
877   950 -73
871   944 -73
745   808 -63
721   781 -60
617   669 -52
574   622 -48
457   495 -38
383   416 -33
62   63 -1
62   63 -1
63   64 -1
63   64 -1
63   63  
63   64 -1
69   70 -1
64   65 -1
65   66 -1
65   66 -1
66   67 -1
66   67 -1
671   716 -45
3,006   3,207 -201
523   558 -35
1,611   1,719 -108
80   85 -5
1,308   1,395 -87
2,300   2,453 -153
316   337 -21
73   78 -5
73   78 -5
75   80 -5
75   80 -5
140,000   140,000  
240,770   239,092 1,678
1,157   1,227 -70
2,235   2,372 -137
1,393   1,478 -85
1,568   1,664 -96
384   408 -24
1,097   1,164 -67
366   389 -23
385   408 -23
917   973 -56
1,519   1,611 -92
1,017   1,079 -62
494   524 -30
3,671   3,730 -59
3,534   3,591 -57
3,501   3,557 -56
3,859   3,921 -62
3,842   3,904 -62
3,693   3,752 -59
2,627   2,669 -42
2,744   2,788 -44
2,434   2,473 -39
2,174   2,209 -35
1,821   1,850 -29
2,140   2,175 -35
519,969   140,524 379,445
877   918 -41
956   1,001 -45
885   927 -42
964   1,009 -45
19,753   20,678 -925
870   910 -40
946   990 -44
4,368   4,572 -204
944   988 -44
78,857   82,547 -3,690
6,153   6,441 -288
78,320   81,985 -3,665
222,894   232,295 -9,401
1,249,091   335,250 913,841
320,767   83,813 236,954
525,598   139,688 385,910
1,050,641   279,375 771,266
395,583   252,090 143,493
35,000   34,595 405
383,292   284,023 99,269
3,769,975   2,224,087 1,545,888
246,453   250,315 -3,862
1,177,856   278,495 899,361
1,190,282   278,495 911,787
90,000   89,979 21
700,921   385,190 315,731
425,671   192,595 233,076
428,996   200,654 228,342
756,706   160,997 595,709
503,175   96,598 406,577
140,947   147,574 -6,627
375,859   395,828 -19,969
248,721   248,721  
400,000   400,000  
284,906   301,535 -16,629
587,580   587,778 -198
575,000   574,336 664
244,426   244,665 -239
237,439   219,287 18,152
961,556   120,208 841,348
1,102,844   137,381 965,463
57,203   64,087 -6,884
55   60 -5
      10,511
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       109,336
b       94,711
c       173,466
d       -2,967
e       445,298
      261,153
      563,654
      702,022
      -1,247
      942,670
      1,649,646
      235
      250
      -7,119
       
       
       
       
       
       
       
       
       
       
       
       
      -4,112
      -240
      -21,939
      265,962
      143,154
      268,497
      132,625
      76
      221,983
      270,277
      542,257
      -155
      -3,569
      -185,110
      -148
      -74
      -127
      -81
      -210
      -56
      -76
      -140
      -84
      -106
      -59
      -132
      -1,307
      -47
      -48
      -48
      -48
      -48
      -48
      -49
      -49
      -49
      -49
      -49
      -24
      -26
      -26
      -286
      -21
      -22
      -531
      -22
      -20
      -272
      -21
      -21
      -30
      -61
      -139
      -92
      -58
      -61
      -16
      -95
      -99
      -17
      -37
      -37
      -94
      -94
      -86
      -79
      -73
      -73
      -63
      -60
      -52
      -48
      -38
      -33
      -1
      -1
      -1
      -1
       
      -1
      -1
      -1
      -1
      -1
      -1
      -1
      -45
      -201
      -35
      -108
      -5
      -87
      -153
      -21
      -5
      -5
      -5
      -5
       
      1,678
      -70
      -137
      -85
      -96
      -24
      -67
      -23
      -23
      -56
      -92
      -62
      -30
      -59
      -57
      -56
      -62
      -62
      -59
      -42
      -44
      -39
      -35
      -29
      -35
      379,445
      -41
      -45
      -42
      -45
      -925
      -40
      -44
      -204
      -44
      -3,690
      -288
      -3,665
      -9,401
      913,841
      236,954
      385,910
      771,266
      143,493
      405
      99,269
      1,545,888
      -3,862
      899,361
      911,787
      21
      315,731
      233,076
      228,342
      595,709
      406,577
      -6,627
      -19,969
       
       
      -16,629
      -198
      664
      -239
      18,152
      841,348
      965,463
      -6,884
      -5
       
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 16,384,445
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 11,191,632 271,410,102 0.041235
2016 10,803,733 244,421,062 0.044201
2015 10,207,939 244,691,184 0.041718
2014 9,656,445 262,371,504 0.036804
2013 8,974,705 214,809,682 0.04178
2
Total of line 1, column (d) .....................
2
0.205738
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
0.041148
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
276,174,268
5
Multiply line 4 by line 3......................
5
11,364,019
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
193,529
7
Add lines 5 and 6........................
7
11,557,548
8
Enter qualifying distributions from Part XII, line 4,.............
8
11,325,364
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 1 387,058
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 0
3 Add lines 1 and 2........................... 3 387,058
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- ..... 5 387,058
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 345,694
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 61,158
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 406,852
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 19,794
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet19,794 RefundedBullet 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (704) 262-2347

    Located atbullet868 NORTH CHURCH STREETCONCORDNC ZIP+4bullet280254350
    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
    WELLS FARGO BANK NAClick to see attachment CORP TRUSTEE
    1     		1,108,768    
    1525 W WT HARIIS BLVD D114 044
    CHARLOTTE,NC28262
    JOSEPH HUNTERClick to see attachment CO-TRUSTEE
    5     		175,009    
    1525 W WT HARIIS BLVD D114 044
    CHARLOTTE,NC28262
    EDWIN OUTENClick to see attachment CO-TRUSTEE
    5     		175,009    
    1525 W WT HARIIS BLVD D114 044
    CHARLOTTE,NC28262
    WILLIAM C CANNON JRClick to see attachment CO-TRUSTEE
    5     		175,009    
    1525 W WT HARIIS BLVD D114 044
    CHARLOTTE,NC28262
    ROBERT C HAYESClick to see attachment CO-TRUSTEE
    5     		175,009    
    1525 W WT HARIIS BLVD D114 044
    CHARLOTTE,NC28262
    WELLS FARGO BANK NAClick to see attachment GRANT ADMIN SERVICES
    1     		238,013    
    1525 W WT HARRIS BLD
    CHARLOTTE,NC28262
    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...................bullet 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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
    277,920,842
    b
    Average of monthly cash balances.......................
    1b
    2,459,126
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    280,379,968
    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
    280,379,968
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,205,700
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    276,174,268
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    13,808,713
    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
    13,808,713
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    387,058
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    387,058
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,421,655
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    13,421,655
    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
    13,421,655
    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
    11,325,364
    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
    11,325,364
    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
    11,325,364
    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 13,421,655
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 10,170,857
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 11,325,364
    a Applied to 2017, but not more than line 2a 10,170,857
    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 2018 distributable amount..... 1,154,507
    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 ..........     		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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		12,267,148
    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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    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
    JACKSON PARK BAPTIST CHURCH
    1005 JACKSON STREET
    KANNAPOLIS,NC28083     		NONE PC FACILITIES RENO/EQUIPMENT 20,000
    ST MICHAELS EPISCOPAL CHURCH
    1200 POWDERSVILLE RD
    EASLEY,SC29642     		NONE PC FACILITY RENOVATIONS 35,000
    FIRST BAPTIST CHURCH-ALBERMARLE
    202N 2ND STREET
    ALBERMARLE,NC28001     		NONE PC SECURITY SYSTEM UPGRADE 15,000
    NEW BEGININGS BAPTIST CHURCH
    706 OLD NORTH MAIN ST
    CLOVER,SC29710     		NONE PC GOD'S KITCHEN - FOOD PANTRY 20,000
    KIMBALL MEMORIAL EVANGELICAL
    LUTHERAN CHURCH
    101 VANCE ST
    KANNAPLOIS,NC28081     		NONE PC DEBT REDUCTION 35,000
    BREVARD COLLEGE CORP
    1 BREVARD COLLEGE DR
    BREVARD,NC28023     		NONE PC CAPITAL ENHANCEMENTS 250,000
    BLACKWELDER PARK BAPTIST CHURCH
    2204 SUMMIT AVE
    KANNAPOLIS,NC28081     		NONE PC GENERAL SUPPORT 40,000
    NORTH CAROLINA DEPARTMENT OF NATURAL AND
    CULTURAL RESOURCES
    109 EAST JONES ST
    RALEIGH,NC27601     		NONE GOV OUTDOOR PLAY SPACE PLANNING 100,000
    ST JAMES CATHOLIC CHURCH
    139 MANOR AVE SW
    CONCORD,NC28025     		NONE PC GENERAL SUPPORT 121,000
    YORK TECHNICAL COLLEGE FOUNDATION
    452 S ANDERSON RD
    ROCK HILL,SC29730     		NONE PC RENOVATION OF C BUILDING 100,000
    NEW HOPE AME ZION
    1470 N LONG STREET
    SALISBURY,NC28144     		NONE PC ROOF REPAIR/REPLACE 20,000
    ARDIS CHAPEL AME ZION CHURCH
    1940 OLD MOCKSVILLE RD
    SALISBURY,NC28144     		NONE PC BATHROOM RENOVATIONS 10,000
    FOUNDATION OF THE CALDWELL COMMUNITY
    COLLEGE AND TECHNICAL
    2855 HICKORY BLVD
    HUDSON,NC28638     		NONE PC GENERAL SUPPORT 100,000
    THE GATHERING
    175 N 1ST ST
    ALBEMARLE,NC28001     		NONE PC ECURITY AND ACCESS SYSTEM 20,000
    HOPEWELL UNITED METHODIST CHURCH
    POB 804
    YORK,SC29730     		NONE PC FACILITY REPAIR 6,000
    CORNERSTONE UNITED METHODIST CHURCH
    2697 HECKLE BLVD
    ROCK HILL,SC29732     		NONE PC ROOF REPAIRS 15,000
    EPIPHANY LUTHERAN CHURCH
    PO BOX 4763
    ROCK HILL,SC29732     		NONE PC FACILITY REPAIR AND UPGRADE 15,000
    MT ZION AME ZION CHURCH
    PO BOX 218
    HICKORY GROVE,SC29717     		NONE PC PARKING LOT AND RETAINING 25,000
    ROCK GROVE AME ZION CHURCH
    1460 MARGARET STREET
    ROCK HILL,SC29730     		NONE PC YOUTH AREA REPAIR AND 10,000
    ROCK HILL SECOND BAPTIST CHURCH
    PO BOX 10482
    ROCK HILL,SC29731     		NONE PC ELEVATOR REPLACEMENT 20,000
    ROYAL OAKS BAPTIST CHURCH
    904 TEXAS STREET
    KANNAPOLIS,NC28083     		NONE PC SAFETY AND SECURITY PROJECT 15,000
    ST JAMES AME ZION CHURCH
    1156 CHURCH ST
    HICKORY GROVE,SC29717     		NONE PC CHURCH RENOVATION PROJECT 20,000
    WEST ALBEMARLE BAPTIST CHURCH
    336 CHURCH STREET
    ALBEMARLE,NC28001     		NONE PC DRAINAGE REPAIR AND 15,000
    ANN STREET UMC
    335 ANN STREET
    CONCORD,NC28025     		NONE PC REPAIR OF HVAC UNITS 10,000
    HARRISBURG PRESBYTERIAN CHURCH
    4815 HIGHWAY 49 SOUTH HARRISBURG
    HARRISBURG,NC28075     		NONE PC SIDING AND WINDOW 15,000
    MT CALVARY AME ZION CHURCH
    2000 NEELYS CREEK RD
    ROCK HILL,SC29730     		NONE PC PARKING LOT IMPROVEMENTS 15,000
    ST JOHN'S UNITED METHODIST CHURCH
    321 S OAKLAND AVE
    ROCK HILLS,SC29730     		NONE PC ORGAN RENOVATION PROJECT 10,000
    MAYLAND COMMUNITY COLLEGE FDN
    PO BOX 547
    SPRUCE PINE,NC28777     		NONE PC PLANETARIUM CONSTRUCTION 100,000
    ST LUKES EPISCOPAL CHURCH
    131 WEST COUNCIL STREET
    SALISBURY,NC28144     		NONE PC HVAC REPLACEMENT 35,000
    APPALACHIAN REGIONAL
    HEALTHCARE SYSTEM INC
    P O BOX 2600
    BOONE,NC28607     		NONE PC NAVIO ROBOTIC ASSISTED 250,000
    CMC-NORTHEAST MEDICAL CENTER
    920 CHURCH STREET NORTH
    CONCORD,NC28025     		NONE PC GENERAL SUPPORT 4,141,364
    BETHPAGE PRESBYTERIAN CHURCH
    8701 MOORESVILLE ROAD
    CONCORD,NC28027     		NONE PC RENOVATION AND UPGRADES 65,000
    ALLISON CREEK PRESBYTERIAN CHURCH
    5780 ALLISON CREEK RD
    YORK,SC29745     		NONE PC FACILITY IMPROVEMENTS 35,000
    FIRST PRESBYTERIAN CHURCH
    70 UNION STREET N
    CONCORD,NC28025     		NONE PC SANCTUARY RENOVATIONS 25,000
    NORWOOD CHURCH OF GOD
    PO BOX 1067
    NORWOOD,NC28128     		NONE PC HVAC SYSTEM PROJECT 10,000
    CATAWBA CHAPEL AME ZION CHURCH
    PO BOX 214
    CATAWBA,SC29704     		NONE PC HANDICAP RAMP 23,000
    CONCORDIA LUTHERAN CHURCH
    185 CONCORDIA CHURCH RD
    CHINA GROVE,NC28023     		NONE PC FAITH COMMUNITY NURSE 42,000
    FIRST STREET METHODIST CHURCH
    509 NORTH FIRST STREET
    ALBERMARLE,NC28001     		NONE PC FACILITY RENOVATION 35,000
    TRINITY UNITED METHODIST CHURCH
    416 EAST FIRST ST
    KANNAPOLIS,NC28083     		NONE PC 2018 SUMMER PROJECTS 15,000
    CEDAR GROVE AME ZION CHURCH
    POB 180
    CLEVELAND,NC27013     		NONE PC RENOVATION AND REPAIRS 15,000
    SOLDIERS MEMORIAL AMEZION CHURCH
    212 WEST LIBERTY ST
    SALISBURY,NC28144     		NONE PC GENERAL SUPPORT 20,000
    RIVER OF LIFE FAMILY WORSHIP
    3080 CHARLOTTE HIGHWAY
    KANNAPOLIS,NC28083     		NONE PC HARRISBURG CAMPUS 25,000
    ST JOHN'S LUTHERAN CHURCH
    100 ST JOHNS CHURCH RD
    CONCORD,NC28025     		NONE PC ROOF REPLACEMENT 15,000
    REVOLUTION CHURCH OF NC INC
    310 BROOKDALE ST
    KANNAPOLIS,NC28083     		NONE PC DEBT REDUCTION 25,000
    BOGER'S CHAPEL UMC
    1775 FLOWES STORE ROAD
    CONCORD,NC28025     		NONE PC KITCHEN EXPANSION/REMODEL 33,000
    LEES-MCRAE COLLEGE
    375 COLLEGE DR
    BANNER ELK,NC28604     		NONE PC RESIDENCE HALL RENOVATIONS 250,000
    PFEIFFER UNIVERSITY
    P O BOX 960
    MISENHEIMER,NC28109     		NONE PC PAINTING AND RENOVATION 205,000
    CATAWBA COLLEGE
    2300 WEST INNES STREET
    SALISBURY,NC281442488     		NONE PC LIBRARY RENOVATION 200,000
    SOUTHSIDE BAPTIST CHURCH
    561 UNION CEMETRY RD
    CONCORD,NC28027     		NONE PC SANCTUARY RENOVATION 54,000
    LENOIR- RHYNE COLLEGE
    CAMPUS BOX 7163
    HICKORY,NC28603     		NONE PC STEAM PIPE/AIR CONDITIONING 350,000
    BOYS AND GIRLS CLUB
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC ANNUAL FACILITY AND 300,000
    SAINT JAMES EVANGELICAL LUTHERAN
    CHURCH
    PO BOX 684
    CONCORD,NC28026     		NONE PC SAFETY/SECURITY EQUIP AND 15,000
    CHURCH OF GOD CHILDREN'S HOME
    3485 ORPHANGE CIRCLE
    CONCORD,NC28027     		NONE PC CAMPUS ROADS PROJECT 100,000
    LIVINGSTONE COLLEGE
    701 WEST MONROE STREET
    SALISBURY,NC28144     		NONE PC GENERAL SUPPORT 250,000
    SOUTHEASTERN BAPTIST
    THEOLOGICAL SEMINARY
    P O BOX 1889
    WAKE FOREST,NC275881889     		NONE PC CONFERENCE ROOM EQUIPMENT 10,000
    FAITH EVANGELICAL LUTHERAN
    CHURCH
    PO BOX 669
    FAITH,NC28146     		NONE PC KITCHEN/BATHROOM REMODEL 20,000
    ALL SAINTS EPISCOPAL CHURCH
    525 LAKE CONCORD ROAD NORTHEAST
    CONCORD,NC28025     		NONE PC DEBT REDUCTION 126,000
    MIDWAY UNITED METHODIST CHURCH
    108 BETHPAGE ROAD
    KANNAPOLIS,NC28081     		NONE PC GENERAL SUPPORT 10,000
    ST STEPHENS LUTHERAN CHURCH
    4401 ST STEPHENS CHURCH RD
    GOLD HILL,NC28071     		NONE PC ENERGY EFFIENCY CAPITAL 8,000
    TRINITY LUTHERAN
    108 W RICE ST
    LANDIS,NC28088     		NONE PC DEBT REDUCTION 35,000
    FIRST ASSEMBLY OF GOD
    280 CONCORD PARKWAY
    CONCORD,NC28026     		NONE PC VILLAGE FACILITY 50,000
    SALEM UMC
    20987 NC HWY 73
    ALBERMARLE,NC28081     		NONE PC NEW FELLOWSHIP BUILDING 20,000
    GRACE LUTHERAN CHURCH
    58 CHESTNUT DRIVE SOUTHWEST
    CONCORD,NC28025     		NONE PC HEARING LOOP SYSTEM FOR 120,000
    CALVARY BAPTIST CHURCH
    703 BUICK AVE
    KANNAPOLIS,NC28083     		NONE PC AIR CONDITIONING FOR 14,000
    UNITY UNITED METHODIST
    CHURCH
    8605 UNITY CHURCH ROAD
    KANNAPOLIS,NC28081     		NONE PC MOBILE MEALS PROGRAM 35,000
    GETHSEMANE MISSIONARY BAPTIST
    719 SOUTH CALDWELL STREET
    SALISBURY,NC28144     		NONE PC AFTER SCHOOL PROGRAM 20,000
    PARKERS CHAPEL AME ZION CHURCH
    578 OLD CHARLOTTE RD
    CONCORD,NC28027     		NONE PC SAFE WINDOWS 15,000
    LIVING WATER CHURCH OF GOD
    120 S LITTLE TEXAS ROAD
    KANNAPOLIS,NC28083     		NONE PC FAITH COMMUNITY NURSE 40,000
    GILMORE CHAPEL AME ZION
    762 CENTRAL DRIVE NORTHWEST
    CONCORD,NC28027     		NONE PC GENERAL SUPPORT 14,000
    FAITH FELLOWSHIP CHURCH
    OF GOD
    POB 420
    KANNAPOLIS,NC28082     		NONE PC STORAGE BUILDING 10,000
    UNION CHAPEL AME ZION
    CHURCH
    PO BOX 2112
    ALBEMARLE,NC28002     		NONE PC GENERAL SUPPORT 20,000
    ROWAN REGIONAL MEDICAL CENTER
    130 MOCKSVILLE AVE
    SALISBURY,NC28144     		NONE PC CANCER CARE CENTER 200,000
    ZION HILL AME ZION CHURCH
    PO BOX 1076
    CONCORD,NC28026     		NONE PC PARKING LOT/ASBESTOS 5,000
    FIRST MISSIONARY BAPTIST
    P O BOX 1322
    CONCORD,NC28026     		NONE PC 2019 FAITH COMMUNITY NURSE 110,000
    CHINA GROVE SOUTHSIDE CHURCH
    OF GOD
    163 THIRD AVE
    CHINA GROVE,NC28023     		NONE PC FAITH COMMUNITY NURSE 59,000
    ROWAN-CABARRUS COMMUNITY
    COLLEGE
    1333 JAKE ALEXANDER BLVD
    SALISBURY,NC28146     		NONE PC NEW COLLEGE SIGNAGE 250,000
    EBENEZER BAPTIST CHURCH OF ROCK HILL
    2020 W SUGAR CREEK RD
    CHARLOTTE,NC28262     		NONE PC DEBT REDUCTION 20,000
    ROCK HILL AME ZION CHURCH
    3620 ROCK HILL CHURCH ROAD
    CONCORD,NC28027     		NONE PC CHURCH VAN 20,000
    POPLAR GROVE BAPTIST CHURCH
    3476 POPLAR TENT RD
    CONCORD,NC28027     		NONE PC HVAC REPLACEMENT 10,000
    WOODLEAF UNITED METHODIST CHURCH
    POST OFFICE BOX 299
    WOODLEAF,NC27054     		NONE PC GENERAL SUPPORT 22,000
    CABARRUS COUNTY LIBRARY
    SYSTEM
    27 UNION STREET NORTH
    CONCORD,NC28025     		NONE PC SUPPLEMENTAL FUNDING 250,000
    WINGATE UNIVERSITY
    P O BOX 159
    WINGATE,NC28174     		NONE PC GENERAL SUPPORT 400,000
    ATRIUM HEALTH FOUNDATION
    208 EAST BOULEVARD
    CHARLOTTE,NC28203     		NONE PC CARDIAC & PULMONARY 71,000
    PROVIDENCE PRESBYTERIAN
    CHURCH
    515 OAKLAND AVENUE
    ROCK HILL,SC29730     		NONE PC A/C, APPLIANCES, AND ROAD 20,000
    PROVIDENCE BAPTIST CHURCH
    1947 OLD FRIENDSHIP RD
    ROCK HILL,SC29730     		NONE PC SECOND PHASE PARKING LOT 20,000
    TRI COUNTY TECHNICAL COLLEGE FDN
    POB 587
    PENDLETON,SC29670     		NONE PC REFURBISHMENT AND 80,000
    CENTRAL BAPTIST CHURCH
    POB 689
    YORK,SC29745     		NONE PC ROOF REPAIR 5,000
    CHRIST RIDGE PRESBYTERIAN CHURCH
    1070 GOLD HILL RD
    FORT MILL,SC29708     		NONE PC SECOND BUILDING PROJECT 20,000
    PARK BAPTIST CHURCH
    717 E MAIN STREET
    ROCK HILL,SC29730     		NONE PC CHILDRENS DEPARTMENT 5,000
    UNITED BAPTIST CHURCH
    3001 CALERMONT AVE
    KANNAPOLIS,NC28081     		NONE PC HVAC REPLACEMENT 30,000
    STANLY COMMUNITY COLLEGE FDN
    141 COLLEGE DRIVE
    ALBEMARLE,NC28001     		NONE PC SECURITY ENHANCEMENTS 250,000
    ST ANDREW'S EPISCOPAL
    CHURCH
    1004 E MAIN ST
    HAW RIVER,NC27258     		NONE PC ROOF REPLACEMENT 25,000
    ALAMANCE COMMUNITY COLLEGE FDN INC
    POB 8000
    GRAHAM,NC27253     		NONE PC CAMPUS ADA UPGRADES 100,000
    FOREST HILL UM CHURCH
    265 UNION STREET NORTH
    CONCORD,NC28025     		NONE PC FAITH COMMUNITY NURSE 49,000
    NEW BIRTH BAPTIST
    600 ANNAFREL STREET
    ROCK HILL,SC28078     		NONE PC HANDICAP ACCESSIBLE 35,000
    GLORIETA BAPTIST CHURCH
    4912 HIGHWAY 73 E
    CONCORD,NC28025     		NONE PC BUILDING UPDATES 20,000
    Total .................................bullet 3a 10,353,364
    bApproved for future payment
    Total .................................bullet 3b  
    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....     14 4,524,188  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 16,384,445  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCARLYLE ENERGY K-1     		    1 105,700  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   21,014,333  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    21,014,333
    (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

    TY 2018 AccountingFeesSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,800     1,800

    TY 2018 CompensationExplanation
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Person Name Explanation
    WELLS FARGO BANK NA TRUST ADMIN FEES SEE ATTACHED FOOTNOTE
    JOSEPH HUNTER TRUST ADMIN
    EDWIN OUTEN TRUST ADMIN
    WILLIAM C CANNON JR TRUST ADMIN
    ROBERT C HAYES TRUST ADMIN
    WELLS FARGO BANK NA GRANT ADMIN EXPENSES SEE ATTACHED FOOTNOTE

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Name of Bond End of Year Book Value End of Year Fair Market Value
    031162BG4 AMGEN INC 142,791 138,918
    06051GEU9 BANK OF AMERICA CORP 296,006 293,683
    20030NBA8 COMCAST CORP 179,818 183,947
    25746UBE8 DOMINION RESOURCES    
    260543CC5 DOW CHEMICAL CO/THE 122,284 126,356
    36962G3U6 GENERAL ELEC CAP COR    
    373334JK8 GEORGIA POWER COMPAN    
    38141GGQ1 GOLDMAN SACHS GROUP 277,363 262,620
    637432MQ5 NATIONAL RURAL UTIL 110,967 111,163
    655844AZ1 NORFOLK SOUTHERN COR    
    8935268Y2 TRANS-CANADA PIPELIN    
    92343VBR4 VERIZON COMMUNICATIO    
    931422AH2 WALGREEN CO 175,847 176,139
    001055AM4 AFLAC INC 259,717 269,506
    035242AE6 ANHEUSER-BUSCH INBEV    
    045487AA3 ASSOC BANC-CORP 122,160 119,852
    25152RVS9 DEUTSCHE BANK AG LON    
    26441CAF2 DUKE ENERGY CORP 265,068 253,878
    345397WY5 FORD MOTOR CREDIT CO 300,000 299,130
    534187BE8 LINCOLN NATIONAL COR 189,696 190,707
    57636QAB0 MASTERCARD INC 284,780 289,019
    57772KAB7 MAXIM INTEGRATED PRO 217,395 225,601
    91324PBM3 UNITEDHEALTH GROUP 213,460 203,180
    00206RCR1 AT&T INC 324,425 325,075
    032654AJ4 ANALOG DEVICES INC 264,391 269,786
    037833AK6 APPLE INC 254,077 257,491
    12572QAG0 CME GROUP INC 408,912 402,044
    151020AS3 CELGENE CORP 178,261 184,050
    26138EAQ2 DR PEPPER SNAPPLE GR 123,091 124,030
    40414LAN9 HCP INC 69,388 72,054
    46625HJY7 JPMORGAN CHASE & CO 109,881 112,775
    478160BT0 JOHNSON & JOHNSON 89,761 88,551
    665859AM6 NORTHERN TRUST CORP 124,988 122,233
    92826CAD4 VISA INC 224,177 228,418
    00185AAK0 AON PLC 265,958 258,078
    017175AC4 ALLEGHANY CORP 267,398 259,793
    06406FAA1 BANK OF NY MELLON CO 102,538 99,757
    14040HBL8 CAPITAL ONE FINANCIA    
    49326EEF6 KEYCORP    
    89114QBG2 TORONTO-DOMINION BAN 202,148 197,948
    91159HHN3 US BANCORP 258,097 248,409
    02665WCD1 AMERICAN HONDA FINAN 239,664 239,810
    026874CU9 AMERICAN INTL GROUP 273,858 264,485
    04530DAC6 ASPEN INSURANCE HLDG 120,573 117,417
    053015AD5 AUTOMATIC DATA PROCE 250,670 248,575
    05565QBZ0 BP CAPITAL MARKETS    
    05567LT31 BNP PARIBAS 157,448 155,792
    26138EAW9 DR PEPPER SNAPPLE GR 40,499 39,500
    501044CZ2 KROGER CO/THE 101,877 100,174
    53117CAN2 LIBERTY PROPERTY LP 211,938 206,258
    56501RAC0 MANULIFE FINANCIAL 229,943 236,725
    713448DT2 PEPSICO INC    
    740189AM7 PRECISION CASTPARTS 247,507 246,110
    857477AS2 STATE STREET CORP 254,588 249,860
    038222AL9 APPLIED MATERIALS IN 149,046 151,487
    04010LAP8 ARES CAPITAL CORP 225,686 226,094
    099724AJ5 BORGWARNER INC 234,629 243,069
    10373QAJ9 BP CAP MARKETS AMERI 248,328 253,843
    13607RAD2 CANADIAN IMPERIAL BA 239,366 245,789
    14040HBZ7 CAPITAL ONE FINANCIA 249,250 259,485
    172967KY6 CITIGROUP INC 223,874 235,066
    200340AS6 COMERICA INC 252,835 256,755
    49326EEH2 KEYCORP 240,749 252,655
    594918BY9 MICROSOFT CORP 236,076 246,389
    664397AK2 NORTHEAST UTILITIES 169,066 174,517
    69353RFJ2 PNC BANK NA 228,761 241,524
    743315AN3 PROGRESSIVE CORP 278,223 280,275
    91529YAM8 UNUM GROUP 238,154 239,921

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Name of Stock End of Year Book Value End of Year Fair Market Value
    025816109 AMERICAN EXPRESS CO 1,313,700 4,918,500
    03027X100 AMERICAN TOWER CORP 1,295,084 7,882,400
    037833100 APPLE INC 3,109,927 10,447,250
    084670108 BERKSHIRE HATHAWAY I 5,017,547 15,060,750
    126650100 CVS HEALTH CORPORATI 2,432,476 3,882,960
    20030N101 COMCAST CORP CLASS A 1,819,362 9,595,200
    25243Q205 DIAGEO PLC - ADR 2,361,910 6,053,570
    256206103 DODGE & COX INT'L ST 11,794,129 15,611,297
    30231G102 EXXON MOBIL CORPORAT 1,800,833 3,601,256
    31428X106 FEDEX CORPORATION 2,086,945 5,623,710
    369604103 GENERAL ELECTRIC CO 2,114,044 1,528,470
    46625H100 JPMORGAN CHASE & CO 1,880,048 8,604,550
    478160104 JOHNSON & JOHNSON 2,781,599 6,290,550
    52106N889 LAZARD EMERGING MKTS 8,600,000 8,378,122
    594918104 MICROSOFT CORP 2,210,437 10,614,600
    641069406 NESTLE S.A. REGISTER 1,690,977 3,908,120
    883556102 THERMO FISHER SCIENT 2,227,956 10,948,800
    893641100 TRANSDIGM GROUP INC 1,712,997 4,539,900
    90130A200 TWENTY-FIRST CENTURY    
    907818108 UNION PACIFIC CORP 1,191,374 6,186,400
    92826C839 VISA INC-CLASS A SHR 1,287,947 11,714,250
    949746101 WELLS FARGO & CO 3,255,483 6,431,875
    G5480U120 LIBERTY GLOBAL PLC-S 6,894,943 5,205,150
    192446102 COGNIZANT TECH SOLUT 2,693,190 4,347,000
    69318G106 PBF ENERGY INC    
    02079K107 ALPHABET INC CL C 3,894,148 10,559,790
    16411R208 CHENIERE ENERGY INC 2,713,364 4,101,600
    50540R409 LABORATORY CRP OF AM 3,291,239 5,048,340
    595112103 MICRON TECHNOLOGY IN 1,353,504 3,306,400
    G0177J108 ALLERGAN PLC 9,532,100 6,002,810
    172967424 CITIGROUP INC. 2,877,740 3,111,000
    20337X109 COMMSCOPE HOLDING CO 3,301,541 2,390,300
    98850P109 YUM CHINA HOLDINGS I 1,051,912 2,470,050
    G0750C108 AXALTA COATING SYSTE 3,181,671 2,899,150
    26875P101 EOG RESOURCES, INC 3,402,962 3,426,480
    339041105 FLEETCOR TECHNOLOGIE 3,197,761 5,424,980
    38141G104 GOLDMAN SACHS GROUP 4,838,081 3,839,800
    87165B103 SYNCHRONY FINANCIAL 3,294,850 3,190,000
    156782104 CERNER CORP COM 3,301,188 3,432,600
    254687106 WALT DISNEY CO 4,430,774 7,760,137
    35137L204 FOX CORP 2,815,710 2,511,600
    55261F104 M & T BANK CORPORATI 4,730,465 4,396,560
    723787107 PIONEER NAT RES CO C 1,983,555 2,284,200

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    US Government Securities - End of Year Book Value:

    11,285,439
    US Government Securities - End of Year Fair Market Value:

    11,292,190
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    073914C27 BEAR STEARNS MTG AT COST 328 39
    CEM994007 CARLYLE ENRGY MEZZ A AT COST 5,337,222 5,337,222
    36192BAY3 GS MORTGAGE SECURITI AT COST 200,254 195,986
    36198EAD7 VR GS MORTGAGE SECUR AT COST 264,521 258,795
    38373SW78 GOVT NATL MTG ASSN AT COST 52,712 51,218
    38378CFN2 GOVT NATL MTG ASSN AT COST 144,423 143,973
    46641WAT4 JPMBB COMMERCIAL MO AT COST 127,676 121,820
    981464DM9 WORLD FINANCIAL NETW AT COST 300,574 299,598
    3136ABMB6 FED NATL MTG ASSN AT COST 258,173 264,397
    12531YAN8 CFCRE COMMERCIAL MOR AT COST 278,078 269,519
    02007EAF5 ALLY AUTO RECEIVABLE AT COST 230,190 232,735

    TY 2018 LegalFeesSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WOMBLE BOND DICKSON 6,085 3,651   2,434


    TY 2018 OtherDecreasesSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Description Amount
    MUTUAL FUND POSTING NEXT YR EFF CURR YR 6,908
    CARLYLE ENERGY COST BASIS ADJ 5,440,778


    TY 2018 OtherExpensesSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CANNON SHARED DOCUMENTARY 84,179 0   84,179
    CANNON SHARED OTHER EXPENSES 83,118 0   83,118
    NC GRANTMAKERS 5,250 0   5,250
    CARLYLE ENERGY WITHHOLDING FEE 33,839 33,839   0
    ADR/TAX RECLAIM FEES 2,119 2,119   0


    TY 2018 OtherIncomeSchedule2
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CARLYLE ENERGY 45-4027954 105,700 -112,257  


    TY 2018 OtherIncreasesSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Description Amount
    MUTUAL FUNDS POSTING CURR YR EFF PREV YR 2,154
    ACCRUED INTEREST POSTED PRIOR YR 4,894
    COST ADJ ON MERGERS CROSSING TAX YEAR EN 1,084,635


    TY 2018 TaxesSchedule
    Name:
    C A CANNON CHAR TRUST #1 (#190)
    EIN:
    56-6132354
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 55,770 55,770   0
    FEDERAL ESTIMATES - PRINCIPAL 288,314 0   0
    FOREIGN TAXES ON QUALIFIED FOR 96,495 96,495   0