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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2019 , and ending 09-30-2020
Name of foundation
THE CANNON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 548
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CONCORD, NC280260548
A Employer identification number

56-6042532
B Telephone number (see instructions)

(704) 786-8216
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$241,931,391J 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... 5,277,059 5,277,059  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,413,313
b Gross sales price for all assets on line 6a 85,415,462
7 Capital gain net income (from Part IV, line 2)... 3,413,313
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 8,690,372 8,690,372  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 156,453 23,468   202,974
14 Other employee salaries and wages...... 359,879 53,982   305,897
15 Pension plans, employee benefits....... 86,106 12,916   73,473
16a Legal fees (attach schedule)......... Click to see attachment 49,083 6,705   54,090
b Accounting fees (attach schedule)....... Click to see attachment 37,086 18,543   20,481
c Other professional fees (attach schedule).... Click to see attachment 819,322 748,170   70,044
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 107,186 4,389   24,870
19 Depreciation (attach schedule) and depletion... Click to see attachment 80,402 12,060  
20 Occupancy.............. 29,060 4,359   33,102
21 Travel, conferences, and meetings....... 45,157 0   46,564
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 111,887 17,377   85,265
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,881,621 901,969   916,760
25 Contributions, gifts, grants paid....... 12,209,173 12,033,569
26 Total expenses and disbursements. Add lines 24 and 25 14,090,794 901,969   12,950,329
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,400,422
b Net investment income (if negative, enter -0-) 7,788,403
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,074,433 498,476 498,476
2 Savings and temporary cash investments......... 9,739,142 6,822,277 6,822,277
3 Accounts receivable bullet54,382
Less: allowance for doubtful accounts bullet   60,785 54,382 54,382
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 34,685 20,628 20,628
10a Investments—U.S. and state government obligations (attach schedule) 21,489,356 Click to see attachment17,770,571 17,770,571
b Investments—corporate stock (attach schedule)....... 196,781,084 Click to see attachment195,918,526 195,918,526
c Investments—corporate bonds (attach schedule)....... 16,463,192 Click to see attachment18,298,742 18,298,742
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet3,117,213
Less: accumulated depreciation (attach schedule) bullet1,074,573 2,094,802 Click to see attachment2,042,640 2,042,640
15 Other assets (describe bullet) Click to see attachment497,730 Click to see attachment505,149 Click to see attachment505,149
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 248,235,209 241,931,391 241,931,391
Liabilities 17 Accounts payable and accrued expenses.......... 196,644 95,999
18 Grants payable................. 500,000 700,000
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) Click to see attachment1,298,556 Click to see attachment888,558
23 Total liabilities (add lines 17 through 22)......... 1,995,200 1,684,557
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 246,240,009 240,246,834
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 246,240,009 240,246,834
30 Total liabilities and net assets/fund balances (see instructions). 248,235,209 241,931,391
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
246,240,009
2
Enter amount from Part I, line 27a .....................
2
-5,400,422
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
409,998
4
Add lines 1, 2, and 3 ..........................
4
241,249,585
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,002,751
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
240,246,834
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 85,415,462   82,002,149 3,413,313
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,413,313
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,413,313
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))
2018 11,900,411 235,799,847 0.050468
2017 11,106,451 239,382,738 0.046396
2016 10,451,877 218,795,875 0.047770
2015 10,404,356 207,552,217 0.050129
2014 9,987,931 213,111,192 0.046867
2
Total of line 1, column (d) .....................
2
0.241630
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
0.048326
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
234,875,332
5
Multiply line 4 by line 3......................
5
11,350,585
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
77,884
7
Add lines 5 and 6........................
7
11,428,469
8
Enter qualifying distributions from Part XII, line 4,.............
8
12,974,333
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here 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 77,884
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 77,884
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 77,884
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 157,849
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 157,849
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 79,965
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet79,965 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTP://WWW.CANNONFOUNDATION.ORG
    14
    The books are in care ofbulletM TINA MARKANDA EXECUTIVE DIRECTO Telephone no.bullet (704) 786-8216

    Located atbullet52 SPRING STREET NWCONCORDNC ZIP+4bullet28025
    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 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
    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 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (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
    WILLIAM C CANNON JR DIRECTOR/PRESIDENT
    20.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    THOMAS M GRADY DIRECTOR/VICE PRESIDENT
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    WILLIAM M CONNOLLY DIRECTOR/SECRETARY
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EDWARD K PREWITT JR DIRECTOR/TREASURER
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EUGENE W COCHRANE JR DIRECTOR/INTRM EXEC DIR. (THRU 9/1/20)
    12.00     		62,885 0 0
    PO BOX 548
    CONCORD,NC28026
    WINSLOW H GALLOWAY DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    GEORGE W LILES JR DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    ELIZABETH L QUICK DIRECTOR
    2.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    WILLIAM S FISHER DIRECTOR EMERITUS (NON-VOTING)
    1.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    DAN L GRAY DIRECTOR EMERITUS (NON-VOTING)
    1.00     		1,331 0 0
    PO BOX 548
    CONCORD,NC28026
    M TINA MARKANDA EXECUTIVE DIRECTOR (STRTD 9/1/2020)
    40.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    ROBERT C HAYES DIRECTOR/VICE PRESIDENT (THRU12/10/19)
    5.00     		14,145 0 0
    PO BOX 548
    CONCORD,NC28026
    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
    4 EMPLOYEES PROFESSIONAL STAFF
    40.00     		300,044 69,742 0
    PO BOX 548
    CONCORD,NC28026
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    WELLS FARGO BANK NA INVEST MGMT & CUSTODIAN 301,405
    401 N TRYON ST 2ND FLOOR
    CHARLOTTE,NC28288
    SILVERCREST ASSET MANAGEMENT GROUP INVESTMENT MGMT 216,557
    1330 AVENUE OF THE AMERICAS 38TH
    FLOOR
    NEW YORK,NY10019
    THE BOSTON COMPANY ASSET MGMT LLC INVESTMENT MGMT 136,018
    ONE BOSTON PLACE
    BOSTON,MA02108
    ARMSTRONG MCGUIRE & ASSOCIATES EXECUTIVE SEARCH 64,009
    PO BOX 6485
    RALEIGH,NC27628
    RAYMOND JAMES & ASSOCIATES INC INVESTMENT CONSULTANT 54,662
    100 N MAIN ST STE 2400
    WINSTONSALEM,NC27101
    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.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    230,318,825
    b
    Average of monthly cash balances.......................
    1b
    7,819,720
    c
    Fair market value of all other assets (see instructions)................
    1c
    313,569
    d
    Total (add lines 1a, b, and c).........................
    1d
    238,452,114
    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
    238,452,114
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,576,782
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    234,875,332
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,743,767
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    11,743,767
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    77,884
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    77,884
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,665,883
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    24,396
    5
    Add lines 3 and 4............................
    5
    11,690,279
    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
    11,690,279
    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
    12,950,329
    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
    24,004
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    12,974,333
    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
    77,884
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    12,896,449
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 11,690,279
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 10,070,244
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 12,974,333
    a Applied to 2018, but not more than line 2a 10,070,244
    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..... 2,904,089
    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 ..........     		8,786,190
    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....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    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 e-mail address of the person to whom applications should be addressed:
    M TINA MARKANDA EXECUTIVE DIRECTOR
    PO BOX 548
    CONCORD,NC28026
    (704) 786-8216
    bThe form in which applications should be submitted and information and materials they should include:
    SEE HTTP://CANNONFOUNDATION.ORG/APPLY/
    cAny submission deadlines:
    SEE HTTP://CANNONFOUNDATION.ORG/APPLY/
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE HTTP://CANNONFOUNDATION.ORG/APPLY/
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A STOREHOUSE FOR JESUS
    675 EAST LEXINGTON ROAD
    MOCKSVILLE,NC27028     		NONE PC WALK-IN COOLER ACQUISITION 20,000
    ABC OF NC CHILD DEVELOPMENT CENTER
    905 FRIEDBERG CHURCH ROAD
    WINSTONSALEM,NC27127     		NONE PC TECHNOLOGY UPDATES 84,008
    ADULT CENTER FOR ENRICHMENT INC
    4100 WELL SPRING DR
    GREENSBORO,NC27410     		NONE PC RENOVATIONS OF THE MEMORY CARE CENTER 30,000
    AMERICAN CANCER SOCIETY INC
    250 WILLIAMS STREET
    ATLANTA,GA30303     		NONE PC HOPE LODGE GREENVILLE, NC - GUEST SUITE FURNISHINGS 8,624
    AMERICAN NATIONAL RED CROSS
    167 UNION STREET SOUTH
    CONCORD,NC28025     		NONE PC BLOODMOBILE PURCHASE 75,000
    ASSOCIATION FOR THE TEACHING OF BIBLE IN KANNAPOLIS PUBLIC SCHOOLS
    POST OFFICE BOX 987
    KANNAPOLIS,NC28082     		NONE PC INSTRUCTIONAL FUNDS 15,000
    BAKERSVILLE COMMUNITY MEDICAL CLINIC INC
    POST OFFICE BOX 27
    BAKERSVILLE,NC28705     		NONE PC ASSISTANCE TO ESTABLISH A RURAL DENTAL CLINIC 100,000
    BARTON COLLEGE
    POST OFFICE BOX 5000
    WILSON,NC27893     		NONE PC SAFETY AND SECURITY UPGRADES TO RESIDENCE HALLS 100,000
    BEAUFORT COUNTY ARTS COUNCIL
    HISTORIC TURNAGE THEATRE 150 WEST
    MAIN STREET
    WASHINGTON,NC27889     		NONE PC HISTORIC TURNAGE THEATRE ROOF STRUCTURE REPLACEMENT 35,000
    BELL TOWER GREEN INC
    PO BOX 4242
    SALISBURY,NC28145     		NONE PC BELL TOWER GREEN PARK AND COMMUNITY COMMONS 100,000
    BETHEL WESLEYAN CHURCH
    4036 OLD CONCORD-SALISBURY ROAD
    KANNAPOLIS,NC28083     		NONE PC AUDIO/VISUAL UPGRADE 20,888
    BLADEN COMMUNITY COLLEGE FOUNDATION INC
    POST OFFICE BOX 266
    DUBLIN,NC28332     		NONE PC NURSING SIMULATION EQUIPMENT 100,000
    BLUE RIDGE HEALTHCARE FOUNDATION INC
    2201 SOUTH STERLING STREET
    MORGANTON,NC28655     		NONE PC 6TH FLOOR RENOVATION PROJECT AT CAROLINAS HEALTHCARE SYSTEM BLUE RIDGE 150,000
    BOYS & GIRLS CLUBS OF THE COASTAL PLAIN INC
    621 W FIRE TOWER ROAD
    WINTERVILLE,NC28590     		NONE PC JACK MINGES UNIT RENOVATIONS 50,000
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC FACILITY EXPANSION AND PROGRAM OPERATION 500,000
    BOYS AND GIRLS CLUB OF TRANSYLVANIA COUNTY INC
    POST OFFICE BOX 1360
    BREVARD,NC28712     		NONE PC RENOVATIONS TO LOBBY TO IMPROVE SAFETY 60,000
    BOYS AND GIRLS HOMES OF NORTH CAROLINA INC
    POST OFFICE BOX 127
    LAKE WACCAMAW,NC28450     		NONE PC AFFORDABLE HOUSING FOR YOUTH DIRECT CARE STAFF 100,000
    BRIDGE TO RECOVERY
    POST OFFICE BOX 322
    ALBEMARLE,NC28002     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    BRIDGE TO RECOVERY
    POST OFFICE BOX 322
    ALBEMARLE,NC28002     		NONE PC BUILDING CONSTRUCTION 100,000
    CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC
    POST OFFICE BOX 1717
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    CABARRUS COUNTY
    27 UNION STREET NORTH
    CONCORD,NC28025     		NONE PC GRANT IN LIEU OF TAXES 6,000
    CABARRUS COUNTY EMERGENCY MEDICAL SERVICES
    31 WILLOWBROOK DRIVE
    CONCORD,NC28027     		NONE PC TWO HONDA FOUR WHEEL ALL-TERRAIN VEHICLES 20,100
    CABARRUS COUNTY PARTNERSHIP FOR CHILDREN
    POST OFFICE BOX 87
    KANNAPOLIS,NC28082     		NONE PC STAFF DISCRETIONARY GRANT 5,000
    CABARRUS COUNTY SCHOOLS
    4401 OLD AIRPORT ROAD
    CONCORD,NC28025     		NONE PC INSTRUCTIONAL FUNDS FOR BTAS 65,000
    CABARRUS MEALS ON WHEELS INC
    1701 S MAIN STREET
    KANNAPOLIS,NC28081     		NONE PC BUILDING RENOVATIONS 250,000
    CABARRUS MEALS ON WHEELS INC
    1701 S MAIN STREET
    KANNAPOLIS,NC28081     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    CABARRUS VICTIMS ASSISTANCE NETWORK
    PO BOX 1749
    CONCORD,NC28026     		NONE PC PURCHASE OF CVAN'S THRIFT STORE 200,000
    CABARRUS VICTIMS ASSISTANCE NETWORK
    PO BOX 1749
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    CALDWELL COUNTY YOKEFELLOW INC
    POST OFFICE BOX 2422
    LENOIR,NC28645     		NONE PC NEW AND LARGER BUILDING ACQUISITION AND RENOVATIONS 100,000
    CAMINO COMMUNITY DEVELOPMENT CENTER
    133 STETSON DRIVE
    CHARLOTTE,NC28262     		NONE PC CAMINO COMMUNITY CENTER EXPANSION TO ALDERSGATE 100,000
    CAMPBELL UNIVERSITY INC
    POST OFFICE BOX 97
    BUIES CREEK,NC27506     		NONE PC STUDENT UNION CONSTRUCTION 150,000
    CAROLINA THEATRE OF GREENSBORO INC
    310 S GREENE ST
    GREENSBORO,NC27401     		NONE PC PROJECTION ROOM RENOVATION FOR CROWN DRESSING ROOMS 35,000
    CARTERET COMMUNITY COLLEGE FOUNDATION INC
    3505 ARENDELL ST
    MOREHEAD CITY,NC285572905     		NONE PC BUILD HOSPITALITY AND CULINARY ARTS CENTER 150,000
    CASA
    P O BOX 12545
    RALEIGH,NC27605     		NONE PC RENOVATIONS FOR AFFORDABLE APARTMENTS IN DURHAM 50,000
    CATAWBA COLLEGE
    2300 WEST INNES STREET
    SALISBURY,NC28144     		NONE PC SHUFORD SCIENCE BUILDING RENOVATION AND SCIENTIFIC EQUIPMENT REPLACEMENT 50,000
    CHARLOTTE FAMILY HOUSING
    300 HAWTHORNE LANE
    CHARLOTTE,NC28204     		NONE PC SHELTER SAFETY IMPROVEMENTS: REPLACEMENT OF HVAC UNITS AND DOOR RENOVATIONS 50,000
    CHARLOTTE MECKLENBURG LIBRARY FOUNDATION
    310 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    CHATHAM COUNTY COUNCIL ON AGING INC
    POST OFFICE BOX 715
    PITTSBORO,NC27312     		NONE PC RENOVATIONS OF TWO SENIOR CENTERS 35,400
    CITY OF CONCORD
    POST OFFICE BOX 308
    CONCORD,NC28026     		NONE PC GRANT IN LIEU OF TAXES 4,000
    CITY OF CONCORD
    POST OFFICE BOX 308
    CONCORD,NC28026     		NONE PC INFLATABLE FIRE SAFETY HOUSE 12,956
    CITY OF ELIZABETH CITY
    306 E COLONIAL AVE
    ELIZABETH CITY,NC27909     		NONE PC SENIOR CENTER EQUIPMENT AND DOOR CONTROLS 19,700
    COASTAL CAROLINAS HEALTH ALLIANCE
    5305 - M WRIGHTSVILLE AVENUE
    WILMINGTON,NC28403     		NONE PC REGIONAL MOBILE PRIMARY CARE PROGRAM 175,000
    COASTLANDS MINISTRIES
    5368 NC HWY 16 S
    MORAVIAN FALLS,NC28654     		NONE PC MOBILE UNIT PURCHASE 50,000
    COHARIE INTRA TRIBAL COUNCIL
    7531 US-421
    CLINTON,NC28328     		NONE PC COHARIE TRIBAL CENTER RENOVATIONS 72,000
    CONSERVATION TRUST FOR NORTH CAROLINA
    1028 WASHINGTON STREET
    RALEIGH,NC27605     		NONE PC SADDLE MOUNTAIN MEADOW LAND PURCHASE 25,000
    COOPERRIIS INC
    101 HEALING FARM LANE
    MILL SPRING,NC287565808     		NONE PC RENOVATION FOR SAFETY AND SECURITY PURPOSES TO THE ASHEVILLE FACILITY 40,000
    COVENANT CLASSICAL SCHOOL
    3200 PATRICK HENRY DRIVE
    CONCORD,NC28027     		NONE PC ORIGINAL BUILDING RENOVATION PROJECT 2019-2020 50,000
    COVENANT HOMES INC
    135 COVENANT COURT
    ROCKY MOUNT,NC27804     		NONE PC EXERCISE/ACTIVITY ROOM EXPANSION 89,859
    CRISIS CONTROL MINISTRY INC
    200 EAST 10TH STREET
    WINSTONSALEM,NC27101     		NONE PC REFRIGERATED TRUCK AQUISITION 60,000
    DARE COUNTY ARTS COUNCIL INC
    POST OFFICE BOX 2300
    MANTEO,NC27954     		NONE PC COURTYARD RENOVATION 35,000
    DAVIDSON HOUSING COALITION
    POST OFFICE BOX 854
    DAVIDSON,NC28036     		NONE PC TRANSITIONAL HOUSING RENOVATION 20,000
    DESTINATION CLEVELAND COUNTY INC
    POST OFFICE BOX 2063
    SHELBY,NC281512063     		NONE PC EARL SCRUGGS CENTER TECHNOLOGY, EQUIPMENT AND FACILITY UPDATES 45,000
    DOWN EAST PARTNERSHIP FOR CHILDREN
    POST OFFICE BOX 1245
    ROCKY MOUNT,NC27802     		NONE PC HEAT AND AIR FOR THE FAMILY RESOURCE CENTER 65,000
    FAYETTEVILLE AREA OPERATION INASMUCH
    531 HILLSBORO STREET
    FAYETTEVILLE,NC28301     		NONE PC HEADQUARTERS ROOF REPLACEMENT AND FREEZER ACQUISITION 38,790
    FEED MY LAMBS INC
    PO BOX 91
    WADESBORO,NC281700091     		NONE PC NEW WALK-IN COOLER/FREEZER REPLACEMENTS 109,258
    FINE ARTS FESTIVAL ASSOCIATION OF ROCKINGHAM COUNTY
    PO BOX 1741
    REIDSVILLE,NC27323     		NONE PC CAPITAL REPAIRS PROJECT 40,000
    FIRST WESLEYAN CHURCH
    301 BETHPAGE ROAD
    KANNAPOLIS,NC28081     		NONE PC FELLOWSHIP CENTER RENOVATIONS AND ACOUSTICAL TREATMENTS 10,861
    FIRSTHEALTH OF THE CAROLINAS INC
    FIRSTHEALTH MONTGOMERY MEMORIAL
    HOSPITAL
    TROY,NC27371     		NONE PC HOSPITAL FLOORING RENOVATION 150,000
    FOUNDATION FOR THE CAROLINAS
    220 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC CABARRUS COUNTY COVID-19 100,000
    FOUNDATION FOR THE CAROLINAS
    220 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC STANLY COUNTY - COVID 19 50,000
    FOUNDATION OF THE CALDWELL COMMUNITY COLLEGE AND TECHNICAL INSTITUTE
    PO BOX 600
    LENOIR,NC28645     		NONE PC ELECTRICAL LINEWORKER INSTITUTE 100,000
    FRIENDS OF OFCB
    POST OFFICE BOX 34563
    CHARLOTTE,NC28234     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    FRIENDS OF WEYMOUTH
    POST OFFICE BOX 939
    SOUTHERN PINES,NC28388     		NONE PC JAMES AND KATHARINE BOYD HOUSE CENTENNIAL RESTORATION - PHASE II 40,000
    GARDNER-WEBB UNIVERSITY
    POST OFFICE BOX 997
    BOILING SPRINGS,NC28017     		NONE PC MEDICAL EQUIPMENT 150,000
    GRANDFATHER MOUNTAIN STEWARDSHIP FOUNDATION INC
    PO BOX 129
    LINVILLE,NC28646     		NONE PC CONSERVATION CAMPUS EXPANSION 100,000
    GUIDING INSTITUTE FOR DEVELOPMENTAL EDUCATION
    2020 E 14TH ST
    WINSTON SALEM,NC27105     		NONE PC ADVISOR DISCRETIONARY GRANT 5,000
    GUILFORD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC
    POST OFFICE BOX 309
    JAMESTOWN,NC27282     		NONE PC THE MARK IDDINGS HOUSE RENOVATIONS 100,000
    HOPE OF WINSTON-SALEM INC
    355 NW CRAWFORD PLACE
    WINSTONSALEM,NC27105     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    HABITAT FOR HUMANITY CABARRUS COUNTY INC
    8 CHURCH STREET SOUTH
    CONCORD,NC28025     		NONE PC RESTORE VEHICLE FUNDING REQUEST 59,482
    HALIFAX COMMUNITY COLLEGE FOUNDATION INC
    POST OFFICE DRAWER 809
    WELDON,NC278900700     		NONE PC WELDING BOOTHS AND ACCESSORIES 149,918
    HANNAH'S HAVEN INC
    PO BOX 14724
    GREENSBORO,NC27415     		NONE PC NEW VAN AND HOUSE RENOVATIONS 50,000
    HART SQUARE FOUNDATION INC
    5055 HOPE ROAD
    VALE,NC28168     		NONE PC CONSTRUCTION OF EDUCATION CENTER 100,000
    HOMEWARD BOUND OF WESTERN NORTH CAROLINA INC
    PO BOX 1166
    ASHEVILLE,NC28802     		NONE PC AHOPE DAY CENTER RENOVATION 150,000
    HOOD THEOLOGICAL SEMINARY
    1811 LUTHERAN SYNOD DRIVE
    SALISBURY,NC28144     		NONE PC REPLACE AIR CONDITIONING AND HEATING UNITS; UPDATE CAMPUS SIGNAGE 90,000
    HOPE RESTORATIONS INC
    PO BOX 1656
    KINSTON,NC28503     		NONE PC HOUSE OF HOPE RENOVATION 125,000
    HOPE VALLEY INC
    POST OFFICE BOX 467
    DOBSON,NC27017     		NONE PC FACILITY RENOVATIONS 57,094
    HOPEWAY FOUNDATION
    1717 SHARON ROAD WEST
    CHARLOTTE,NC28210     		NONE PC HOPEWAY VETERANS HOME 50,000
    HOSPITALITY HOUSE OF NORTHWEST NORTH CAROLINA
    338 BROOK HOLLOW RD
    BOONE,NC286078528     		NONE PC FACILITY UPGRADES, SECURITY, MAINTENANCE, AND REPAIRS 20,000
    HOUSE OF MERCY INC
    POST OFFICE BOX 808
    BELMONT,NC28012     		NONE PC LAUNDRY ROOM REPAIR/RENOVATION AND DURABLE MEDICAL EQUIPMENT 26,000
    HUGH CHATHAM MEMORIAL HOSPITAL INC
    POST OFFICE BOX 560
    ELKIN,NC28621     		NONE PC CT SCANNER FOR IMAGING DEPARTMENT 50,000
    IMPACT CHURCH INTERNATIONAL
    POST OFFICE BOX 910
    CONCORD,NC28026     		NONE PC RESTORATION AND REPAIR OF HISTORIC CONCORD CHURCH 32,517
    JERICHO HOUSE INC
    2824 LIBERTY ROAD
    GREENSBORO,NC27406     		NONE PC STAFF DISCRETIONARY GRANT 5,000
    JOHNSTON COUNTY INDUSTRIES INC
    1100 E PRESTON STREET
    SELMA,NC27576     		NONE PC BUILDING RENOVATIONS 75,000
    KANNAPOLIS CITY SCHOOLS
    100 DENVER STREET
    KANNAPOLIS,NC28083     		NONE PC CYBER CAMPUS IMPROVEMENTS-A.L. BROWN HIGH SCHOOL 80,000
    KRAMDEN INSTITUTE INC
    4915 PROSPECTUS DRIVE SUITE J
    DURHAM,NC27713     		NONE PC BOX TRUCK PURCHASE 40,000
    LENOIR-RHYNE UNIVERSITY
    BOX 7546
    HICKORY,NC28603     		NONE PC P.E. MONROE AUDITORIUM IMPROVEMENTS 50,000
    LIBERTY CORNER ENTERPRISES INC
    119 TUNNEL ROAD SUITE 120A
    ASHEVILLE,NC28805     		NONE PC MARNE GROUP HOME IMPROVEMENTS 35,205
    LIVINGSTONE COLLEGE
    701 WEST MONROE STREET
    SALISBURY,NC28144     		NONE PC INFRASTRUCTURE IMPROVEMENT 50,000
    LOUISBURG COLLEGE
    501 N MAIN STREET
    LOUISBURG,NC27549     		NONE PC ATHLETIC CENTER ADA UPGRADES 90,000
    LUMBERTON CHRISTIAN CARE CENTER INC
    POST OFFICE BOX 1712
    LUMBERTON,NC28359     		NONE PC GENERATOR PURCHASE 33,000
    MADISON COUNTY COMMUNITY LEARNING CENTERS
    14555 US HWY 25/70
    MARSHALL,NC28753     		NONE PC VEHICLE PURCHASE 50,000
    MARTIN COMMUNITY COLLEGE FOUNDATION INC
    1161 KEHUKEE PARK ROAD
    WILLIAMSTON,NC27892     		NONE PC PHONE, FIREWALL AND FIRE EQUIPMENT PROJECT 164,843
    MEMORYCARE
    100 FAR HORIZONS LANE
    ASHEVILLE,NC28803     		NONE PC TELE-HEALTH EDUCATION AND SUPPORT SERVICES 57,000
    MEREDITH COLLEGE
    3800 HILLSBOROUGH STREET
    RALEIGH,NC27607     		NONE PC DORMITORY ROOF REPLACEMENT 150,000
    METHODIST UNIVERSITY INC
    5400 RAMSEY STREET
    FAYETTEVILLE,NC28311     		NONE PC CAMPUS DINING HALL RENOVATION 200,000
    MIDLAND VOLUNTEER FIRE AND RESCUE INC
    12805 HIGHWAY 601 S
    MIDLAND,NC28107     		NONE PC AUTO PULSE & BASIC LIFE SUPPORT AEDS 33,315
    MISSION TRIANGLE
    3700 COMPUTER DRIVE SUITE 230
    RALEIGH,NC27609     		NONE PC ADVISOR DISCRETIONARY 5,000
    MORAVIAN CHURCH IN AMERICA SOUTHERN PROVINCE
    319 HALED STREET
    WINSTONSALEM,NC27127     		NONE PC GENERATOR REQUEST 10,000
    MURPHY MEDICAL CENTER INC
    3990 E US HWY 64 ALT
    MURPHY,NC28906     		NONE PC EXPANDED ACCESS TO HEALTHCARE THROUGH RENOVATIONS 100,000
    NAZARETH CHILDREN'S HOME INC
    POST OFFICE BOX 1438
    ROCKWELL,NC28138     		NONE PC LEONARD HOME REMODEL 110,000
    NEVINS INC
    3523 NEVIN ROAD
    CHARLOTTE,NC28269     		NONE PC RENOVATIONS 30,000
    NORTH CAROLINA BAPTIST MEN
    POST OFFICE BOX 1107
    CARY,NC27511     		NONE PC FACILITY RENOVATIONS 100,000
    OPEN HEARTS ART CENTER
    217 COXE AVENUE
    ASHEVILLE,NC28801     		NONE PC VEHICLE REPLACEMENT 50,000
    OPERATION RESOLUTE INC
    3101 INDUSTRIAL DRIVE SUITE 110
    RALEIGH,NC27609     		NONE PC LAND PURCHASE AND INITIAL IMPROVEMENTS 100,000
    OPPORTUNITIES INDUSTRIALIZATION CENTER INC
    402 E VIRGINIA ST
    ROCKY MOUNT,NC27802     		NONE PC CAPITAL EQUIPMENT NEEDS 25,000
    OUR TOWNS OF NORTH MECKLENBURG-IREDELL HABITAT FOR HUMANITY INC
    PO BOX 1088
    DAVIDSON,NC28036     		NONE PC UPGRADES TO THE RESTORES 49,995
    PARDEE MEMORIAL HOSPITAL FOUNDATION INC
    561 FLEMING STREET
    HENDERSONVILLE,NC28739     		NONE PC MOBILE MAMMOGRAPHY PROGRAM 100,000
    PARK RIDGE HOSPITAL
    100 HOSPITAL DRIVE
    HENDERSONVILLE,NC28792     		NONE PC CT SCANNER PURCHASE 75,000
    PARKWOOD BAPTIST CHURCH
    1069 CENTRAL DRIVE NORTHWEST
    CONCORD,NC28027     		NONE PC BELIZE MISSION TRIP 2020 - MEMORIAL OF ANITA JOHNSON 5,000
    PAVILLON INTERNATIONAL
    241 PAVILLON PLACE
    MILL SPRING,NC28756     		NONE PC IMPLEMENTATION OF SALESFORCE FOR NONPROFITS (NPSP) 22,860
    PEACEMAKERS OF ROCKY MOUNT INCORPORATED
    1725 DAVIS STREET
    ROCKY MOUNT,NC27803     		NONE PC RENOVATION OF NEW FACILITY 110,000
    PEMBROKE RESCUE SQUAD INC
    PO BOX 385
    PEMBROKE,NC28372     		NONE PC BUILDING RENOVATIONS 150,000
    PFEIFFER UNIVERSITY
    POST OFFICE BOX 960
    MISENHEIMER,NC28109     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    PITT COMMUNITY COLLEGE FOUNDATION
    PO DRAWER 7007
    GREENVILLE,NC27835     		NONE PC CISCO COMPUTER REMOTE TRAINING LAB RENOVATION 62,675
    POWER CROSS MINISTRIES
    1133 W FRONT ST
    STATESVILLE,NC28677     		NONE PC FACILITY RENOVATION 50,000
    PRESBYTERIAN COLLEGE
    503 S BROAD STREET
    CLINTON,SC293252865     		NONE PC RESIDENCE HALL HVAC ADVANCED DEHUMIDIFICATION SYSTEM 100,000
    ROANOKE ISLAND HISTORICAL ASSOCIATION INC
    1409 NATIONAL PARK DRIVE
    MANTEO,NC27954     		NONE PC REPLACEMENT OF STAGE LIGHTING TRUSS STRUCTURE 27,565
    ROCKY MOUNT FAMILY YMCA
    PO BOX 4063
    ROCKY MOUNT,NC27803     		NONE PC AQUATICS ACCESS AND SAFETY UPGRADES 43,450
    ROWAN-CABARRUS YOUNG MEN'S CHRISTIAN ASSOCIATION
    215 GUFFY STREET
    SALISBURY,NC28147     		NONE PC ADVISOR DISCRETIONARY GRANT 5,000
    RUTHERFORD COUNTY HABITAT FOR HUMANITY
    PO BOX 1534
    RUTHERFORDTON,NC28139     		NONE PC VOLUNTEER LODGING RENOVATIONS 50,000
    SALEM ACADEMY & COLLEGE
    601 SOUTH CHURCH STREET
    WINSTONSALEM,NC27101     		NONE PC TECHNOLOGY INFRASTRUCTURE UPGRADE 200,000
    SAMPSON REGIONAL MEDICAL CENTER FOUNDATION INC
    607 BEAMAN STREET
    CLINTON,NC28328     		NONE PC SIM TRAINING LAB SAMPSON REGIONAL MEDICAL CENTER 82,868
    SANDHILLS FAMILY HERITAGE ASSOCIATION
    PO BOX 754
    SPRING LAKE,NC28390     		NONE PC CIVIC CENTER BUILDING ROOF REPLACEMENT 36,245
    SAVING GRACE K9S
    PO BOX 914
    LEXINGTON,NC27293     		NONE PC NEW VETERAN TRAINING CENTER AND RETREAT 50,000
    SHELTER HEALTH SERVICES INCORPORATED
    534 SPRATT STREET
    CHARLOTTE,NC28205     		NONE PC INFRASTRUCTURE IMPROVEMENTS, EQUIPMENT UPGRADES, TECHNOLOGY TO ADD SERVICES 22,368
    SIXTH AVENUE PSYCHIATRIC REHABILITATION PARTNERS INC
    218 WEST ALLEN SUITE B
    HENDERSONVILLE,NC28739     		NONE PC ASSISTANCE TO PURCHASE A VAN 27,810
    SOLUS CHRISTUS
    2552 BALTIMORE RD
    EAST BEND,NC27018     		NONE PC 15-PASSENGER 2020 VAN AND COMPLETION OF 2ND FLOOR OF NEW HOUSE 35,000
    SOUTH ROWAN PUBLIC SCHOOLS BIBLE TEACHING ASSOCIATION
    POST OFFICE BOX 384
    LANDIS,NC28088     		NONE PC INSTRUCTIONAL FUNDS 12,000
    SOUTHEASTERN REGIONAL MEDICAL CENTER
    POST OFFICE BOX 1408
    LUMBERTON,NC28358     		NONE PC GIBSON CENTER CENTER EXPANSION 150,000
    SOUTHERN APPALACHIAN HISTORICAL ASSOCIATION INC
    POST OFFICE BOX 295
    BOONE,NC28607     		NONE PC TATUM CABIN RESTORATION 40,000
    SOUTHERN RECONCILIATION MINISTRIES INC
    PO BOX 1147
    BURNSVILLE,NC28714     		NONE PC BUILDING EXPANSION 60,000
    SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC
    447 COLLEGE DRIVE
    SYLVA,NC28779     		NONE PC SURGICAL TECHNOLOGY EQUIPMENT AND SUPPLIES 100,000
    ST TIMOTHY'S EPISCOPAL CHURCH
    107 LOUIS STREET
    GREENVILLE,NC27858     		NONE PC COMMUNITY BUILDING RENOVATION AND UPGRADES 65,000
    SURRY MEDICAL MINISTRIES FOUNDATION INC
    PO BOX 349
    MOUNT AIRY,NC27030     		NONE PC ASSISTANCE TO EXPAND DENTAL CARE SERVICES 23,198
    THE CONSERVATION FUND A NONPROFIT CORPORATION
    1655 N FORT MYER DR STE 1300
    ARLINGTON,VA22209     		NONE PC FORT YORK TRACT CONSERVATION 32,500
    THE ELIZABETH CITY STATE UNIVERSITY FOUNDATION
    1704 WEEKSVILLE ROAD
    ELIZABETH CITY,NC27909     		NONE PC LIBRARY RENOVATION 200,000
    THE GREATER MOUNT AIRY MINISTRY OF HOSPITALITY
    PO BOX 1722
    MOUNT AIRY,NC27030     		NONE PC SHELTER CONSTRUCTION 100,000
    THE HUNGER AND HEALTH COALITION INC
    PO BOX 1837
    BOONE,NC28607     		NONE PC FACILITY, EQUIPMENT AND VEHICLE UPGRADES 83,127
    THE RELATIVES INC
    119 EAST 8TH STREET
    CHARLOTTE,NC28202     		NONE PC YOUTH CRISIS CENTER RENOVATIONS 72,500
    THE SALVATION ARMY
    POST OFFICE BOX 511
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    THE SALVATION ARMY
    POST OFFICE BOX 511
    CONCORD,NC28026     		NONE PC CONCORD - CENTER OF HOPE SHELTER CONSTRUCTION 250,000
    THE SALVATION ARMY
    POST OFFICE BOX 511
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    THE SALVATION ARMY
    PO BOX 1205
    WINSTONSALEM,NC27102     		NONE PC WS - CENTER OF HOPE RENOVATION - RESIDENT QUARTERS 100,000
    THE SALVATION ARMY PITT COUNTY
    POST OFFICE BOX 30280
    GREENVILLE,NC27834     		NONE PC FAMILY THRIFT STORE CONSTRUCTION 100,000
    THIRD STREET EDUCATION CENTER
    600 WEST THIRD STREET
    GREENVILLE,NC27834     		NONE PC WORKFORCE DEVELOPMENT AND RENOVATIONS 25,000
    THOMPSON CHILD & FAMILY FOCUS
    6800 SAINT PETERS LANE
    MATTHEWS,NC28105     		NONE PC TECHNOLOGY/TELEHEALTH CAPITAL NEEDS 75,000
    TRIANGLE FAMILY SERVICES INC
    3937 WESTERN BOULEVARD
    RALEIGH,NC27606     		NONE PC BUILDING UPGRADES 25,000
    TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS INC
    1820 JAMES STREET
    DURHAM,NC27707     		NONE PC TROSA EAST CAMPUS T-EAST CONSTRUCTION 100,000
    TRI-COUNTY COMMUNITY COLLEGE FOUNDATION INC
    21 CAMPUS CIRCLE
    MURPHY,NC28906     		NONE PC SUSTAINABLE AGRICULTURE PROGRAM 125,000
    TYRRELL COUNTY NC
    PO BOX 449
    COLUMBIA,NC27925     		NONE PC TYRRELL COUNTY FOOD BANK 100,000
    U DESERVE A CHANCE FOUNDATION
    PO BOX 38035
    CHARLOTTE,NC28278     		NONE PC TUCKASEEGEE DREAM FIELDS AND EDUCATION CENTER 25,000
    UNION COUNTY ARTS COUNCIL INC
    POST OFFICE BOX 576
    MONROE,NC28111     		NONE PC SCIENCE CENTER CAPITAL CAMPAIGN 75,000
    UNION COUNTY COMMUNITY SHELTER
    160 MEADOW STREET
    MONROE,NC28110     		NONE PC STAFF DISCRETIONARY GRANT 5,000
    UNION-ANSON COUNTY HABITAT FOR HUMANITY
    POST OFFICE BOX 1688
    MONROE,NC28111     		NONE PC CONSTRUCTION EQUIPMENT PURCHASE 30,000
    UNITED SERVICE ORGANIZATIONS INCORPORATED
    600 AIRPORT BLVD SUITE 200
    MORRISVILLE,NC27560     		NONE PC STAFF DISCRETIONARY GRANT 5,000
    UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC
    CPO 1800 ONE UNIVERSITY HEIGHTS
    ASHEVILLE,NC28804     		NONE PC INSTRUMENTATION SUPPORT FOR UNC ASHEVILLE STEM INITIATIVE 140,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    160 RIDGE ROAD
    CHAPEL HILL,NC275993380     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    VANCE-GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND
    POST OFFICE BOX 917
    HENDERSON,NC275360917     		NONE PC NURSING SIMULATION LAB AND HEAVY EQUIPMENT OPERATOR SIMULATORS 125,000
    WAYNE HEALTH FOUNDATION INC
    POST OFFICE BOX 8001
    GOLDSBORO,NC27534     		NONE PC WATCH HEALTHCARE PROGRAM MOBILE MEDICAL UNIT 75,000
    WAYNE MEMORIAL HOSPITAL INC
    PO BOX 8001
    GOLDSBORO,NC27534     		NONE PC WATCH CAMPUS CLINIC REFURBISHMENT AND PHARMACY 60,000
    WEBSTER ENTERPRISES OF JACKSON COUNTY INC
    140 LITTLE SAVANNAH ROAD
    SYLVA,NC28779     		NONE PC FACILITY UPGRADES 48,802
    WEST END MINISTRIES
    POST OFFICE BOX 2163
    HIGH POINT,NC27261     		NONE PC THRIFT STORE RENOVATIONS 40,000
    WESTERN CAROLINA RESCUE MINISTRIES INC
    POST OFFICE BOX 909
    ASHEVILLE,NC28802     		NONE PC MEN'S TRANSITIONAL HOUSING PROGRAM 150,000
    WESTERN NORTH CAROLINA COMMUNITY HEALTH SERVICES INC
    PO BOX 338
    ASHEVILLE,NC28802     		NONE PC MEDICAL EQUIPMENT PURCHASES 57,588
    WILKES COMMUNITY COLLEGE FOUNDATION
    POST OFFICE BOX 120
    WILKESBORO,NC28697     		NONE PC ASHE CAMPUS EXPANSION 150,000
    WILSON COUNTY INTERFAITH SERVICES INC
    PO BOX 2164
    WILSON,NC278942164     		NONE PC FACILITY RENOVATIONS 75,000
    WINSTON-SALEM INDUSTRIES FOR THE BLIND INC
    7730 NORTH POINT DRIVE
    WINSTONSALEM,NC27106     		NONE PC LED LIGHTING PROJECT 50,000
    WRIGHTSVILLE BEACH MUSEUM INC
    POST OFFICE BOX 584
    WRIGHTSVILLE BEACH,NC28480     		NONE PC COTTAGE RESTORATION 65,000
    YADKIN VALLEY ECONOMIC DEVELOPMENT DISTRICT INC
    POST OFFICE BOX 309
    BOONVILLE,NC27011     		NONE PC ROOF RESTORATION 62,200
    YOUNG BLACK LEADERSHIP ALLIANCE
    4112 OLD PINEVILLE ROAD
    CHARLOTTE,NC28217     		NONE PC PURCHASE OF TWO 15-PASSENGER VANS 45,000
    YOUNG MENS CHRISTIAN ASSOCIATION BLUE RIDGE ASSEMBLY
    84 BLUE RIDGE CIRCLE
    BLACK MOUNTAIN,NC287119750     		NONE PC PHASE ONE - CABIN VILLAGE CONSTRUCTION 50,000
    YOUNG MENS CHRISTIAN ASSOCIATION OF HIGH POINT
    POST OFFICE BOX 6258
    HIGH POINT,NC27262     		NONE PC HARTLEY YMCA AQUATIC CENTER AND FAMILY LOCKER ROOM RENOVATION 100,000
    YOUNG MEN'S CHRISTIAN ASSOCIATION OF NORTHWEST NORTH CAROLINA
    301 N MAIN STREET SUITE 1900
    WINSTONSALEM,NC27101     		NONE PC CAMP HANES CABIN EXPANSION 50,000
    YOUNG WOMENS CHRISTIAN ASSOCIATION OF WINSTON-SALEM & FORSYTH COUNTY INC
    318 INDERA MILLS COURT
    WINSTONSALEM,NC27101     		NONE PC CAPITAL SUPPORT- YWCA RENOVATIONS TO THE BEST CHOICE CENTER PROGRAMS 50,000
    Total .................................bullet 3a 12,033,569
    bApproved for future payment
    PRESENT AGE MINISTRIES INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION 50,000
    SALEM ACADEMY & COLLEGE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION 200,000
    TAR RIVER LAND CONSERVANCY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION 50,000
    THE CONSERVATION FUND A NONPROFIT CORP
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION 100,000
    THE SALVATION ARMY CABARRUS COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION 250,000
    TOWN OF FAISON
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION 50,000
    Total .................................bullet 3b 700,000
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    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 5,277,059  
    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 3,413,313  
    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).. 0 8,690,372 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,690,372
    (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 (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    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 (2019)
    Additional Data


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