TY 2019 Form 990PF

- TIN:

Form990-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.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 08-01-2019 , and ending 07-31-2020

Name of foundation
THOMAS H AND MARY HADLEY CONNER LEATH FND

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907

A Employer identification number

56-6294400

B Telephone number (see instructions)

(910) 687-5123

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

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 ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,463,179J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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
4	Dividends and interest from securities...	63,406		63,406
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-853
b	Gross sales price for all assets on line 6a 395,584
7	Capital gain net income (from Part IV, line 2)...			0
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........	62,553		63,406
13	Compensation of officers, directors, trustees, etc.	32,260		29,760		2,500
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).......
c	Other professional fees (attach schedule)....		191			191
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,620	1,141		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).......		130	130
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	34,201		31,031	0	2,691
25	Contributions, gifts, grants paid.......	109,923				109,923
26	Total expenses and disbursements. Add lines 24 and 25	144,124		31,031	0	112,614
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-81,571
b	Net investment income (if negative, enter -0-)			32,375
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	166,310	119,212	119,212
	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).......	884,580	905,839	1,325,806
	c	Investments—corporate bonds (attach schedule).......	1,041,140	988,360	1,018,161
	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)	2,092,030	2,013,411	2,463,179
	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........	2,092,030	2,013,411
	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).....	2,092,030	2,013,411
	30	Total liabilities and net assets/fund balances (see instructions).	2,092,030	2,013,411

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,092,030

Enter amount from Part I, line 27a .....................

-81,571

Other increases not included in line 2 (itemize) bullet

2,952

Add lines 1, 2, and 3 ..........................

2,013,411

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,013,411

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	36. AT&T INC			2019-09-26
b	2. AT&T INC		2018-12-13	2019-09-26
c	27. ABBVIE INC			2019-09-26
d	4. ADOBE SYS INC			2019-09-26
e	10.352 CAMBIAR INTL EQUITY FUNDS-INS		2019-03-20	2019-09-26
	6. AIR LEASE CORP COMMON			2019-09-26
	6. AIR PRODUCTS AND CHEMICALS INC			2019-09-26
	3. ALASKA AIR GROUP INC COMMON		2016-08-18	2019-09-26
	3. ALEXANDRIA REAL ESTATE		2018-02-26	2019-09-26
	2. ALEXION PHARMACEUTICALS COMMON		2017-03-16	2019-09-26
	11. ALLIANCE DATA SYSTEMS COMMON			2019-09-26
	7. ALTABA INC		2017-12-07	2019-09-26
	59. ALTABA INC		2018-12-13	2019-09-26
	2. AMERISOURCEBERGEN CORP. COMMON			2019-09-26
	2. ANALOG DEVICES INC		2017-12-07	2019-09-26
	8. ANIKA THERAPEUTICS, INC COMMON		2017-03-16	2019-09-26
	3. APERGY CORP -W/I COMMON		2019-03-20	2019-09-26
	4. ASPEN PHARMACARE HL - UNSP ADR		2019-03-20	2019-09-26
	88. ASPEN PHARMACARE HL - UNSP ADR			2019-09-26
	7. BADGER METER INC COMMON			2019-09-26
	34. BADGER METER INC COMMON			2019-09-26
	1. BAIDU INC SPON ADR		2019-03-20	2019-09-26
	8. BANK OF HAWAII CORP			2019-09-26
	5. BAYERISCHE MOTOREN-SPON ADR		2019-03-20	2019-09-26
	56. BAYERISCHE MOTOREN-SPON ADR			2019-09-26
	76. BERRY PLASTICS GROUP IN COMMON			2019-09-26
	2. BIOMARIN PHARMACEUTICAL INC		2018-02-26	2019-09-26
	1. BOEING COMPANY		2018-07-16	2019-09-26
	5. BOSTON SCIENTIFIC		2018-07-16	2019-09-26
	10. BOX INC COMMON		2019-03-20	2019-09-26
	6. BROADCOM INC COMMON		2019-03-20	2019-09-26
	5. BROADCOM INC COMMON		2016-05-09	2019-09-26
	17. BROOKS AUTOMATION INC COMMON			2019-09-26
	6. CDW CORP OF DELAWARE COMMON		2015-08-18	2019-09-26
	6. CIGNA CORP COMMON			2019-09-26
	23. CVS CORP COMMON			2019-09-26
	1. CANADIAN NATL RY CO		2011-02-14	2019-09-26
	1. CARVANA CO COMMON		2018-12-13	2019-09-26
	1. CASEY'S GENERAL STORES, INC. COMMON		2018-02-26	2019-09-26
	9. CELGENE CORP		2019-03-20	2019-09-26
	5. CHARTER COMMUNICATIONS INC-A COMMON		2018-12-13	2019-09-26
	12. CHEESECAKE FACTORY INC		2018-12-13	2019-09-26
	13. CINEMARK HOLDINGS INC COMMON		2018-12-13	2019-09-26
	3. CINTAS CORP		2018-02-26	2019-09-26
	34. CITIGROUP INC			2019-09-26
	16. COGNIZANT TECHNOLOGY SOLUTIONS CORP		2019-03-20	2019-09-26
	3. CORTEVA INC COMMON		2017-12-07	2019-09-26
	9. DANAHER CORP COMMON			2019-09-26
	5. DEERE & COMPANY			2019-09-26
	270.73 DODGE & COX INCOME FUND		2012-12-26	2019-09-26
	114.638 DOUBLELINE TOTAL RETURN BOND FUND		2011-12-27	2019-09-26
	3. DOW INC COMMON		2017-12-07	2019-09-26
	3. DUPONT DE NEMOURS INC COMMON		2017-12-07	2019-09-26
	3. EDWARDS LIFESCIENCES CORP COMMON		2019-03-20	2019-09-26
	181. ENCANA CORP COMMON		2019-02-14	2019-09-26
	1. ENBRIDGE INC		2018-02-26	2019-09-26
	4. EVERSOURCE ENERGY		2018-02-26	2019-09-26
	2. EXPEDIA INC COMMON		2018-07-16	2019-09-26
	33. FIRST FINANCIAL BANKSHARES INC COMMON			2019-09-26
	1. GW PHARMACEUTICALS -ADR		2018-07-16	2019-09-26
	9. GRACO INC COMMON		2019-03-20	2019-09-26
	2. HASBRO INC			2019-09-26
	1. JACK HENRY & ASSOCIATES INC COMMON		2015-01-12	2019-09-26
	6. HOME DEPOT INCORPORATED			2019-09-26
	13. HONEYWELL INTERNATIONAL INC		2016-05-09	2019-09-26
	13. HOULIHAN LOKEY INC COMMON		2019-03-20	2019-09-26
	1. IPG PHOTONICS CORP COMMON		2019-03-20	2019-09-26
	5. ILLUMINA INC			2019-09-26
	2. INTERCONTINENTALEXCHANGE COMMON GROUP		2018-07-16	2019-09-26
	1. INTUITIVE SURGICAL INC		2017-12-07	2019-09-26
	1. INTUITIVE SURGICAL INC		2018-12-13	2019-09-26
	79. ITA UNIBANCO HOLDINGS SPON ADR PFD		2009-08-17	2019-09-26
	39. ITA UNIBANCO HOLDINGS SPON ADR PFD		2019-03-20	2019-09-26
	3. JGC CORPORATION		2019-03-20	2019-09-26
	45. JGC CORPORATION			2019-09-26
	9.676 JONES LANG LA SALLE INC			2019-09-26
	4.324 JONES LANG LA SALLE INC			2019-09-26
	1. KOMATSU LTD SPON ADR		2019-03-20	2019-09-26
	2. L3HARRIS TECHNOLOGIES INC COMMON		2018-02-26	2019-09-26
	8. LAM RESH CORP		2018-12-13	2019-09-26
	7. LANDSTAR SYSTEM INC COMMON			2019-09-26
	3. LIBERTY PPTY TR SH BEN TR			2019-09-26
	3. LINCOLN ELECTRIC HOLDINGS COMMON		2017-03-16	2019-09-26
	19. MGM GROWTH PROPERTIES LLC-A COMMON		2018-07-16	2019-09-26
	5. MAXIM INTEGRATED PRODUCTS INC COMON		2014-11-20	2019-09-26
	2. METHANEX CORP (OCELOT INDS LTD)		2014-11-20	2019-09-26
	553.435 METROPOLITAN WEST T/R BD-PLN			2019-09-26
	4. MORGAN STANLEY DEAN WITTER DIS CO		2016-05-09	2019-09-26
	50. NASPERS LIMITED -N SHS SPN ADR		2016-05-09	2019-09-26
	3. NETFLIX INC COMMON			2019-09-26
	1. NETFLIX INC COMMON		2019-03-20	2019-09-26
	11. PALO ALTO NETWORKS INC COMMON			2019-09-26
	55. PARK24 CO LTD-SPN ADR		2016-05-09	2019-09-26
	2. PAYPAL HOLDINGS INC		2018-07-16	2019-09-26
	36. PFIZER INCORPORATED			2019-09-26
	18. PINDUODUO INC -ADR		2019-03-20	2019-09-26
	4. PIONEER NAT RES CO COMMON		2019-03-20	2019-09-26
	5. PRIMERICA INC COMMON			2019-09-26
	4. PROGESSIVE CORP., OHIO COMMON			2019-09-26
	6. RLI CORP COMMON			2019-09-26
	47. RE/MAX COMMON HOLDINGS INC CL-A			2019-09-26
	34. RE/MAX COMMON HOLDINGS INC CL-A			2019-09-26
	1. REGENERON PHARMACUETICALS INC COMMON		2019-03-20	2019-09-26
	1. ROCKWELL INTERNATIONAL CORP NEW		2012-06-11	2019-09-26
	2. ROPER INDS INC COMMON		2019-03-20	2019-09-26
	35. ROYAL DUTCH SHELL PLC SPONS ADR B		2016-05-09	2019-09-26
	7. ROYAL DUTCH SHELL PLC SPONS ADR B		2019-03-20	2019-09-26
	73. SALLY BEAUTY COMPANY INC COMMON			2019-09-26
	113. SALLY BEAUTY COMPANY INC COMMON			2019-09-26
	1. SAREPTA THERAPEUTICS INC COMMON		2018-12-13	2019-09-26
	7. SAREPTA THERAPEUTICS INC COMMON			2019-09-26
	8. SCOTTS CO CL A			2019-09-26
	5. SERVICE CORP INTL COM			2019-09-26
	11. SITEONE LANDSCAPE SUPPLY INC COMMON		2017-03-16	2019-09-26
	18. SQUARE INC - A COMMON		2018-12-13	2019-09-26
	30. STARBUCKS CORPORATIONS COMMON		2018-02-26	2019-09-26
	14. T-MOBILE US INC COMMON			2019-09-26
	1. TELEDYNE TECHNOLOGIES INC COM		2014-11-20	2019-09-26
	1. TEMENOS GROUP AG -SP ADR		2019-03-20	2019-09-26
	14. TEMENOS GROUP AG -SP ADR		2018-07-16	2019-09-26
	3. THERMO ELECTRON COMMON		2018-12-13	2019-09-26
	7. UNION PACIFIC CORP		2018-07-16	2019-09-26
	4. UNITED TECHNOLOGIES CORPORATION		2018-02-26	2019-09-26
	2. VAIL RESORTS COMMON		2018-12-13	2019-09-26
	5. VAIL RESORTS COMMON			2019-09-26
	1. VARIAN MED SYS INC		2018-02-26	2019-09-26
	1. VERIZON COMMUNICATIONS INC		2018-07-16	2019-09-26
	8. VERTEX PHARMACEUTICALS INC		2017-03-16	2019-09-26
	3. VERTEX PHARMACEUTICALS INC		2018-12-13	2019-09-26
	10. VISA INC		2018-07-16	2019-09-26
	2. VORNADO REALTY TRUST		2016-05-09	2019-09-26
	19. VULCAN MATLS CO			2019-09-26
	27. WABCO HOLDINGS INC COMMON			2019-09-26
	2. WASTE CONNECTIONS INC		2019-03-20	2019-09-26
	3. WATSCO INC CL A			2019-09-26
	7. WELLS FARGO & COMPANY 5.125 PREFERRED		2019-03-20	2019-09-26
	32. WELLS FARGO & CO NEW		2015-08-18	2019-09-26
	194. WEYERHAEUSER COMPANY		2019-03-20	2019-09-26
	6. WYNN RESORTS LTD COMMON		2019-03-20	2019-09-26
	1. AMDOCS LTD ORD		2011-08-24	2019-09-26
	10. ARCH CAPITAL GROUP LTD			2019-09-26
	5. ACCENTURE PLC IRELAND SHS			2019-09-26
	3. INGERSOLL-RAND PLC		2018-02-26	2019-09-26
	1. LINDE PLC		2019-03-20	2019-09-26
	3. MEDTRONIC PLC		2018-02-26	2019-09-26
	4. APTIV PLC APTIV PLC		2018-07-16	2019-09-26
	4. ARDAGH GROUP SA		2017-03-16	2019-09-26
	4. CORE LABORATORIES N V		2019-03-20	2019-09-26
	1. YANDEX NV-A		2019-03-20	2019-09-26
	32. ROYAL CARIBBEAN CRUISES LTD			2019-09-26
	.2 AIR LIQUIDE COMMON		2019-03-20	2019-10-17
	71. GRIFOLS SA ADR		2016-05-09	2020-01-02
	7. GRIFOLS SA ADR			2020-01-02
	33. NASPERS LIMITED -N SHS SPN ADR		2016-05-09	2020-01-02
	.725 PROLOGIS INC REIT		2014-11-20	2020-02-19
	.531 INGERSOLL-RAND INC COM		2018-02-26	2020-03-31
	.5 OTIS WORLDWIDE CORP COM		2018-02-26	2020-04-21
	48. AIA GROUP LTD		2012-06-11	2020-04-30
	37. ABBOTT LABORATORIES		2018-12-13	2020-04-30
	1. ADIDAS AG ADR		2019-03-20	2020-04-30
	1. ADIDAS AG ADR		2019-09-26	2020-04-30
	11. ADOBE SYS INC			2020-04-30
	116. AIR LIQUIDE COMMON			2020-04-30
	63. AIR LEASE CORP COMMON			2020-04-30
	5. AIR PRODUCTS AND CHEMICALS INC			2020-04-30
	2. ALEXANDRIA REAL ESTATE		2019-03-20	2020-04-30
	2. ALFA LAVAL AB -UNSPON ADR		2019-03-20	2020-04-30
	3. ALFA LAVAL AB -UNSPON ADR		2019-09-26	2020-04-30
	41. ALLIANZ SOCIETAS EUROPAEA-SE UNSPON ADR			2020-04-30
	3. AMADEUS IT HOLDINGS		2019-09-26	2020-04-30
	14. AMERISOURCEBERGEN CORP. COMMON			2020-04-30
	2. AMETEK INC COMMON		2019-09-26	2020-04-30
	15. ANIKA THERAPEUTICS, INC COMMON		2017-03-16	2020-04-30
	45. APERGY CORP -W/I COMMON			2020-04-30
	19. APPLIED MATERIALS		2019-09-26	2020-04-30
	10. ASPEN TECHNOLOGY INC		2014-11-20	2020-04-30
	14. ATLAS COPCO AB SP ADR		2019-03-20	2020-04-30
	5. AUTODESK, INC. COMMON		2011-08-24	2020-04-30
	6. BADGER METER INC COMMON		2015-01-12	2020-04-30
	21. BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR		2019-09-26	2020-04-30
	8. BANK OF HAWAII CORP		2019-03-20	2020-04-30
	1. BIOMARIN PHARMACEUTICAL INC		2018-02-26	2020-04-30
	6. BOSTON SCIENTIFIC		2018-12-13	2020-04-30
	116. BOX INC COMMON			2020-04-30
	13. BROOKS AUTOMATION INC COMMON		2019-03-20	2020-04-30
	9. CDW CORP OF DELAWARE COMMON			2020-04-30
	3. CANADIAN NATL RY CO		2011-02-14	2020-04-30
	134. CARNIVAL CORP PAIRED CTF 1 COM			2020-04-30
	20. CARNIVAL CORP PAIRED CTF 1 COM		2019-09-26	2020-04-30
	3. CARRIER GLOBAL CORP COM		2018-02-26	2020-04-30
	5. CHINA MOBILE HONG KONG LTD		2019-09-26	2020-04-30
	4. CHUGAI PHARMACEUTIC -UNSP ADR		2019-03-20	2020-04-30
	10. CINEMARK HOLDINGS INC COMMON			2020-04-30
	3. CINTAS CORP			2020-04-30
	9. CORELOGIC, INC. COMMON		2019-09-26	2020-04-30
	10. CROWN CASTLE INTL CORP COMMON			2020-04-30
	44. DXC TECHNOLOGY CO COMMON		2019-09-26	2020-04-30
	1. DASSAULT SYSTEMS		2019-03-20	2020-04-30
	32. DENTSU INC -UNSPON ADR		2019-03-20	2020-04-30
	17. DENTSU INC -UNSPON ADR		2019-09-26	2020-04-30
	2. DIAGEO PLC SPONSORED ADR		2019-03-20	2020-04-30
	16. DISNEY WALT COMPANY		2019-09-26	2020-04-30
	10. DISNEY WALT COMPANY		2018-12-13	2020-04-30
	724.857 DODGE & COX INCOME FUND		2012-12-26	2020-04-30
	22. DOLLAR TREE INC		2019-03-20	2020-04-30
	11. DOLLAR TREE INC		2019-09-26	2020-04-30
	558.518 DOUBLELINE TOTAL RETURN BOND FUND		2011-12-27	2020-04-30
	212. ENBRIDGE INC			2020-04-30
	13. EPIROC AB -UNSP ADR		2019-09-26	2020-04-30
	27. EXPEDIA INC COMMON			2020-04-30
	9. FACEBOOK INC CL A		2016-05-09	2020-04-30
	8. FANUC CORP ADR		2016-05-09	2020-04-30
	3. FANUC CORP ADR		2019-09-26	2020-04-30
	58. FIRST FINANCIAL BANKSHARES INC COMMON			2020-04-30
	2. FOMENTO ECONOMICO MEXICANO S.A. DE C.V.		2019-09-26	2020-04-30
	20. FOOT LOCKER INC. COMMON		2019-09-26	2020-04-30
	37. FOOT LOCKER INC. COMMON			2020-04-30
	76. FUCHS PETROLU SE-PREF ADR			2020-04-30
	212. GENERAL MOTORS CO			2020-04-30
	13. GENERAL MOTORS CO		2019-09-26	2020-04-30
	10. GRACO INC COMMON			2020-04-30
	1. HDFC BANK LTD ADR		2019-03-20	2020-04-30
	45. HSBC HLDGS PLC ADR			2020-04-30
	3. JACK HENRY & ASSOCIATES INC COMMON		2019-03-20	2020-04-30
	4. HOME DEPOT INCORPORATED		2019-03-20	2020-04-30
	13. HOULIHAN LOKEY INC COMMON		2018-07-16	2020-04-30
	2. ICICI BANK LTD ADR		2019-09-26	2020-04-30
	12. ICICI BANK LTD ADR		2019-03-20	2020-04-30
	3. ILLUMINA INC		2017-05-03	2020-04-30
	33. INGERSOLL-RAND INC COM			2020-04-30
	4. INTERCONTINENTALEXCHANGE COMMON GROUP		2018-07-16	2020-04-30
	2. INTUITIVE SURGICAL INC		2018-12-13	2020-04-30
	9. ITA UNIBANCO HOLDINGS SPON ADR PFD		2009-08-17	2020-04-30
	3. KUBOTA CORPORATION		2016-08-18	2020-04-30
	1. KUBOTA CORPORATION		2019-09-26	2020-04-30
	12. L'OREAL UNSPONSORED ADR			2020-04-30
	12. L3HARRIS TECHNOLOGIES INC COMMON			2020-04-30
	15. LANDSTAR SYSTEM INC COMMON			2020-04-30
	5. LAS VEGAS SANDS CORP		2019-09-26	2020-04-30
	3. LINCOLN ELECTRIC HOLDINGS COMMON		2017-03-16	2020-04-30
	37. LIVE NATION COMMON			2020-04-30
	30. LONZA GROUP AG ADR			2020-04-30
	53. LOWES COMPANIES INCORPORATED			2020-04-30
	29. MGM GROWTH PROPERTIES LLC-A COMMON		2019-03-20	2020-04-30
	7. MCDONALDS CORPORATION		2011-08-24	2020-04-30
	1. MERCADOLIBRE INC COMMON		2019-03-20	2020-04-30
	37. METHANEX CORP (OCELOT INDS LTD)			2020-04-30
	1374.705 METROPOLITAN WEST T/R BD-PLN			2020-04-30
	149. MORGAN STANLEY DEAN WITTER DIS CO		2018-12-13	2020-04-30
	2. NESTLE SA ADR		2019-09-26	2020-04-30
	14. NESTLE SA ADR			2020-04-30
	13. NIKE INCORPORATED CLASS B		2019-09-26	2020-04-30
	5. NOVOZYMES A/S UNSPONS ADR		2018-07-16	2020-04-30
	2. O'REILLY AUTOMOTIVE INC COMMON		2019-09-26	2020-04-30
	50. OMNICOM GROUP INCORPORATED		2011-08-24	2020-04-30
	1. OTIS WORLDWIDE CORP COM		2018-02-26	2020-04-30
	980.714 PIMCO LOW DURATION INSTITUTIONAL		2014-11-20	2020-04-30
	2. LUKOIL PJSC-SPON ADR		2019-09-26	2020-04-30
	12. PALO ALTO NETWORKS INC COMMON			2020-04-30
	1. PAYPAL HOLDINGS INC		2018-07-16	2020-04-30
	101. PFIZER INCORPORATED			2020-04-30
	12. PING AN INSURANCE GROUP COMPANY OF CHINA		2019-09-26	2020-04-30
	55. PREMIER INC CLASS A COMMON			2020-04-30
	2. PREMIER INC CLASS A COMMON		2019-09-26	2020-04-30
	4. PRIMERICA INC COMMON		2019-03-20	2020-04-30
	3. PROGESSIVE CORP., OHIO COMMON		2018-12-13	2020-04-30
	31. PROLOGIS INC REIT		2014-11-20	2020-04-30
	83. PROSUS N V SPON ADR		2019-09-17	2020-04-30
	659.054 PGIM SH/TRM CORP BD-R6		2014-11-20	2020-04-30
	1.556 PGIM SH/TRM CORP BD-R6		2019-09-26	2020-04-30
	75. QUALCOMM INC COMMON			2020-04-30
	4. RLI CORP COMMON		2018-12-13	2020-04-30
	14. RBC BEARINGS INC COMMON			2020-04-30
	88. ROCHE HLDG LTD SPONS ADR			2020-04-30
	6. SAP AKTIENGESELLSCHAFT			2020-04-30
	5. SAREPTA THERAPEUTICS INC COMMON		2017-12-07	2020-04-30
	3. SASOL LTD SPONSORED ADR		2019-09-26	2020-04-30
	44. SASOL LTD SPONSORED ADR			2020-04-30
	10. SCOTTS CO CL A			2020-04-30
	2. SERVICENOW INC COMMON		2019-09-26	2020-04-30
	5. SGS SA UNSPONSORED ADR		2019-09-26	2020-04-30
	2. SHERWIN WILLIAMS			2020-04-30
	2. SHERWIN WILLIAMS		2019-09-26	2020-04-30
	5. SITEONE LANDSCAPE SUPPLY INC COMMON		2019-03-20	2020-04-30
	1. SONOVA HOLDING AG		2019-09-26	2020-04-30
	4. SONOVA HOLDING AG		2019-03-20	2020-04-30
	11. SYMRISE AG ADR			2020-04-30
	2. SYNEOS HEALTH INCH COMMON		2017-12-07	2020-04-30
	5. SYSMEX CORP		2019-03-20	2020-04-30
	68. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR			2020-04-30
	1. TELEDYNE TECHNOLOGIES INC COM		2014-11-20	2020-04-30
	5. THERMO ELECTRON COMMON		2018-12-13	2020-04-30
	3. TRANSDIGM GROUP INC COMMON		2019-09-26	2020-04-30
	1. UNILEVER PLC-SPONSORED ADR		2019-09-26	2020-04-30
	93. US FOODS HOLDING CORP COMMON			2020-04-30
	10. UNITED HEALTH GROUP INC			2020-04-30
	7. VAIL RESORTS COMMON			2020-04-30
	26. VORNADO REALTY TRUST			2020-04-30
	14. WD40 - COMPANY COMMON			2020-04-30
	12. WAL MART STORES INCORPORATED		2019-09-26	2020-04-30
	4. WATSCO INC CL A		2018-12-13	2020-04-30
	5. WORKDAY INC COMMON		2019-03-20	2020-04-30
	19. XILINX INC		2019-09-26	2020-04-30
	14. ZOETIS INC COMMON		2019-09-26	2020-04-30
	8. ALLERGAN PLC			2020-04-30
	7. ALLERGAN PLC		2019-09-26	2020-04-30
	1. AMDOCS LTD ORD		2011-08-24	2020-04-30
	6. LINDE PLC			2020-04-30
	12. CHECKPOINT SOFTWARE TECHNOLOGY COMMON			2020-04-30
	62. CORE LABORATORIES N V			2020-04-30
	4. NXP SEMICONDUCTORS N V		2019-09-26	2020-04-30
	3. YANDEX NV-A		2019-03-20	2020-04-30
	2393.203 CAMBIAR INTL EQUITY FUNDS-INS			2020-05-12
	202.375 CAMBIAR INTL EQUITY FUNDS-INS		2020-04-30	2020-05-12
	78. CINEMARK HOLDINGS INC COMMON			2020-06-22
	.36 SONOVA HOLDING AG		2011-08-24	2020-07-22
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,339	1,171	168
b	74	60	14
c	1,999	1,856	143
d	1,117	981	136
e	265	267	-2
	252	227	25
	1,322	858	464
	193	203	-10
	462	369	93
	200	245	-45
	1,402	1,965	-563
	137	490	-353
	1,157	3,710	-2,553
	165	164	1
	225	172	53
	424	344	80
	82	126	-44
	23	26	-3
	515	1,892	-1,377
	374	250	124
	1,815	1,895	-80
	106	169	-63
	687	536	151
	115	136	-21
	1,286	1,700	-414
	2,991	2,863	128
	143	168	-25
	385	354	31
	213	166	47
	172	199	-27
	1,640	1,782	-142
	1,366	713	653
	640	497	143
	727	238	489
	925	1,231	-306
	1,424	2,030	-606
	89	35	54
	68	34	34
	164	114	50
	887	798	89
	2,058	1,560	498
	485	552	-67
	498	526	-28
	798	511	287
	2,353	2,085	268
	948	1,153	-205
	83	49	34
	1,288	879	409
	825	755	70
	3,809	3,747	62
	1,235	1,274	-39
	142	186	-44
	210	407	-197
	664	568	96
	833	1,135	-302
	35	34	1
	339	236	103
	266	254	12
	1,107	789	318
	122	151	-29
	411	433	-22
	236	193	43
	146	63	83
	1,379	898	481
	2,172	1,413	759
	579	592	-13
	133	152	-19
	1,502	1,175	327
	188	150	38
	543	384	159
	543	512	31
	661	570	91
	326	368	-42
	81	82	-1
	1,211	2,000	-789
	1,342	1,357	-15
	600	649	-49
	24	24
	427	319	108
	1,936	1,114	822
	797	737	60
	153	110	43
	258	263	-5
	583	580	3
	292	144	148
	70	118	-48
	5,761	5,672	89
	171	105	66
	1,558	1,250	308
	790	773	17
	263	361	-98
	2,293	1,738	555
	1,272	1,604	-332
	207	175	32
	1,298	959	339
	589	452	137
	505	561	-56
	646	313	333
	308	235	73
	563	327	236
	1,414	1,851	-437
	1,023	1,161	-138
	284	407	-123
	164	70	94
	711	662	49
	2,050	1,772	278
	410	456	-46
	1,093	1,358	-265
	1,692	2,323	-631
	75	122	-47
	528	388	140
	817	699	118
	236	166	70
	814	494	320
	1,094	1,131	-37
	2,697	1,719	978
	1,110	954	156
	321	106	215
	167	144	23
	2,338	2,219	119
	851	726	125
	1,148	990	158
	548	541	7
	470	442	28
	1,174	1,077	97
	117	122	-5
	60	51	9
	1,364	740	624
	512	520	-8
	1,750	1,388	362
	127	156	-29
	2,864	2,300	564
	3,622	3,386	236
	182	169	13
	492	479	13
	1,829	1,716	113
	1,568	1,836	-268
	5,395	4,910	485
	668	705	-37
	66	27	39
	421	298	123
	941	606	335
	368	272	96
	192	175	17
	322	247	75
	348	376	-28
	61	91	-30
	181	285	-104
	36	36
	3,406	3,414	-8
	5	5
	1,670	1,074	596
	165	137	28
	1,100	825	275
	71	38	33
	12	12
	22	34	-12
	1,744	639	1,105
	3,412	2,675	737
	114	120	-6
	114	153	-39
	3,899	2,787	1,112
	2,941	2,112	829
	1,651	2,179	-528
	1,125	782	343
	310	277	33
	37	44	-7
	55	58	-3
	753	679	74
	143	215	-72
	1,256	569	687
	168	180	-12
	495	645	-150
	416	1,510	-1,094
	975	989	-14
	1,024	373	651
	480	387	93
	937	129	808
	358	166	192
	67	108	-41
	548	645	-97
	91	84	7
	223	222	1
	1,881	2,181	-300
	511	390	121
	997	708	289
	249	105	144
	2,113	7,745	-5,632
	315	877	-562
	53	68	-15
	200	205	-5
	953	549	404
	145	404	-259
	670	550	120
	348	414	-66
	1,573	1,023	550
	790	1,308	-518
	146	150	-4
	672	1,372	-700
	357	617	-260
	276	326	-50
	1,718	2,101	-383
	1,074	1,134	-60
	10,300	10,032	268
	1,750	2,239	-489
	875	1,231	-356
	5,881	6,205	-324
	6,537	6,379	158
	129	142	-13
	1,878	3,059	-1,181
	1,827	1,079	748
	131	119	12
	49	55	-6
	1,618	1,731	-113
	129	191	-62
	515	805	-290
	953	1,404	-451
	733	771	-38
	4,731	6,694	-1,963
	290	486	-196
	449	470	-21
	43	57	-14
	1,155	1,863	-708
	489	409	80
	883	739	144
	772	662	110
	19	26	-7
	117	137	-20
	957	565	392
	956	738	218
	357	300	57
	1,018	1,025	-7
	38	65	-27
	186	220	-34
	62	78	-16
	692	490	202
	2,324	1,898	426
	1,561	1,536	25
	238	280	-42
	243	263	-20
	1,651	1,610	41
	1,309	877	432
	5,505	4,447	1,058
	722	883	-161
	1,295	626	669
	584	485	99
	580	1,835	-1,255
	14,696	13,943	753
	5,836	6,046	-210
	210	219	-9
	1,472	911	561
	1,131	1,192	-61
	244	261	-17
	772	786	-14
	2,877	1,954	923
	51	69	-18
	9,640	10,084	-444
	127	166	-39
	2,365	1,870	495
	122	88	34
	3,839	1,643	2,196
	242	276	-34
	1,836	1,733	103
	67	61	6
	418	503	-85
	231	190	41
	2,729	1,608	1,121
	1,229	1,272	-43
	7,243	7,428	-185
	17	17
	5,886	3,877	2,009
	291	290	1
	1,790	1,874	-84
	3,818	2,339	1,479
	708	546	162
	591	270	321
	14	54	-40
	207	1,375	-1,168
	1,244	811	433
	694	515	179
	113	124	-11
	1,069	833	236
	1,069	1,084	-15
	448	281	167
	36	46	-10
	144	158	-14
	276	222	54
	112	78	34
	171	157	14
	3,620	1,186	2,434
	327	106	221
	1,664	1,209	455
	1,086	1,587	-501
	52	61	-9
	1,985	2,934	-949
	2,897	1,606	1,291
	1,179	1,499	-320
	1,137	1,983	-846
	2,469	2,372	97
	1,459	1,431	28
	650	600	50
	771	971	-200
	1,668	1,835	-167
	1,809	1,750	59
	1,501	1,293	208
	1,313	1,174	139
	65	27	38
	1,106	966	140
	1,271	1,401	-130
	1,215	6,740	-5,525
	403	435	-32
	113	108	5
	49,348	57,486	-8,138
	4,173	4,195	-22
	1,107	2,844	-1,737
	15	6	9
			2,547

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			168
b			14
c			143
d			136
e			-2
			25
			464
			-10
			93
			-45
			-563
			-353
			-2,553
			1
			53
			80
			-44
			-3
			-1,377
			124
			-80
			-63
			151
			-21
			-414
			128
			-25
			31
			47
			-27
			-142
			653
			143
			489
			-306
			-606
			54
			34
			50
			89
			498
			-67
			-28
			287
			268
			-205
			34
			409
			70
			62
			-39
			-44
			-197
			96
			-302
			1
			103
			12
			318
			-29
			-22
			43
			83
			481
			759
			-13
			-19
			327
			38
			159
			31
			91
			-42
			-1
			-789
			-15
			-49

			108
			822
			60
			43
			-5
			3
			148
			-48
			89
			66
			308
			17
			-98
			555
			-332
			32
			339
			137
			-56
			333
			73
			236
			-437
			-138
			-123
			94
			49
			278
			-46
			-265
			-631
			-47
			140
			118
			70
			320
			-37
			978
			156
			215
			23
			119
			125
			158
			7
			28
			97
			-5
			9
			624
			-8
			362
			-29
			564
			236
			13
			13
			113
			-268
			485
			-37
			39
			123
			335
			96
			17
			75
			-28
			-30
			-104

			-8

			596
			28
			275
			33

			-12
			1,105
			737
			-6
			-39
			1,112
			829
			-528
			343
			33
			-7
			-3
			74
			-72
			687
			-12
			-150
			-1,094
			-14
			651
			93
			808
			192
			-41
			-97
			7
			1
			-300
			121
			289
			144
			-5,632
			-562
			-15
			-5
			404
			-259
			120
			-66
			550
			-518
			-4
			-700
			-260
			-50
			-383
			-60
			268
			-489
			-356
			-324
			158
			-13
			-1,181
			748
			12
			-6
			-113
			-62
			-290
			-451
			-38
			-1,963
			-196
			-21
			-14
			-708
			80
			144
			110
			-7
			-20
			392
			218
			57
			-7
			-27
			-34
			-16
			202
			426
			25
			-42
			-20
			41
			432
			1,058
			-161
			669
			99
			-1,255
			753
			-210
			-9
			561
			-61
			-17
			-14
			923
			-18
			-444
			-39
			495
			34
			2,196
			-34
			103
			6
			-85
			41
			1,121
			-43
			-185

			2,009
			1
			-84
			1,479
			162
			321
			-40
			-1,168
			433
			179
			-11
			236
			-15
			167
			-10
			-14
			54
			34
			14
			2,434
			221
			455
			-501
			-9
			-949
			1,291
			-320
			-846
			97
			28
			50
			-200
			-167
			59
			208
			139
			38
			140
			-130
			-5,525
			-32
			5
			-8,138
			-22
			-1,737
			9

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	-853
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	114,000	2,366,949	0.048163
2017	126,321	2,452,610	0.051505
2016	117,000	2,373,664	0.049291
2015	123,252	2,340,968	0.05265
2014	125,653	2,523,457	0.049794

Total of line 1, column (d) .....................

0.251403

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 ......

0.050281

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

2,378,282

Multiply line 4 by line 3......................

119,582

Enter 1% of net investment income (1% of Part I, line 27b)...........

324

Add lines 5 and 6........................

119,906

Enter qualifying distributions from Part XII, line 4,.............

112,614

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)

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	648
	hereand 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	648
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	648
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	1,012
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	1,012
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	364
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax364	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING & TRUST COMPANY Telephone no. bullet

(910) 687-5123

Located at bullet

50 AVIEMORE DR FL 2PINEHURSTNC ZIP+4 bullet

283749700

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

16 At any time during calendar year 2019, 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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2019)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 12	32,260
50 AVEIMORE DR FL 2 PINEHURST,NC28374	TRUSTEE 12	32,260

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)

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2019)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,256,824

Average of monthly cash balances.......................

157,676

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,414,500

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,414,500

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

36,218

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,378,282

Minimum investment return. Enter 5% of line 5..................

118,914

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

118,914

Tax on investment income for 2019 from Part VI, line 5......

648

Income tax for 2019. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

648

Distributable amount before adjustments. Subtract line 2c from line 1............

118,266

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

118,266

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

118,266

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

112,614

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

112,614

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

112,614

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)

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					118,266
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				112,423
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2019 from Part
XII, line 4: $ 112,614
a Applied to 2018, but not more than line 2a				112,423
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.....					191
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2019.		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 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 ..........					118,075
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
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	0
e Excess from 2019....	0

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....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(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	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

TONIA WRIGHT
50 AVIEMORE DR FL 2
PINEHURST,NC28374
(910) 687-5123

bThe form in which applications should be submitted and information and materials they should include:

WRITTEN REQUEST FOR SCHOLARSHIP TO DUKE UNIV, UNC-CHAPEL HILL OR SALEM COLLEGE. WILL SHOW SCHOOL RECORD, HIGH SCHOOL, CLASS AND PLANNED MAJOR WRITTE REQUEST FOR PUBLIC SUPPORT - TITLE OF PROJECT, GOALS AND COST.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SCHOLARSHIP - RESIDENT OF RICHMOND COUNTY, NC PUBLIC SUPPORT - RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR INSTITUTIONS THAT SUPPORT CITIZENS OF RICHMOND COUNTY AND STATE OF NC

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNC CHAPEL HILL CB 2200 JACKSON HALL CHAPEL HILL,NC275992200	NONE	EXEMPT	COLLEGE SCHOLARSHIP	94,000
SALEM COLLEGE 601 S CHURCH ST WINSTONSALEM,NC27101	NONE	EXEMPT	COLLEGE SCHOLARSHIP	3,500
OUR DAILY BREAD FOOD MINISTRY 108 S RANDOLPH STREET ROCKINGHAM,NC28379	NONE	EXEMPT	FOOD BANK	6,400
THOMAS H LEATH MEMORIAL LIBRARY 412 EAST FRANKLIN STREET ROCKINGHAM,NC28379	NONE	EXEMPT	COMMUNITY	6,023
Total ................................. 3a				109,923

bApproved for future payment

Total ................................. 3b

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.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
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	63,406
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	-853
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)..				62,553

13Total. Add line 12, columns (b), (d), and (e)..................

62,553

(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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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

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)

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