TY 2020 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

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
ELMER S LOWE & CHRISTINE LOWE MEM TR

Number and street (or P.O. box number if mail is not delivered to street address)FIRST CITIZENS BANK TRUSTEE PO BOX
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27626

A Employer identification number

56-6285792

B Telephone number (see instructions)

(919) 716-7347

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

$2,733,629J 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...	51,839		51,756
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		169,821
b	Gross sales price for all assets on line 6a 2,718,218
7	Capital gain net income (from Part IV, line 2)...			169,821
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........	221,660		221,577
13	Compensation of officers, directors, trustees, etc.	32,199		32,199
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).......		450	450	0	0
c	Other professional fees (attach schedule)....		780	780		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,666	1,022		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	37,095		34,451	0	0
25	Contributions, gifts, grants paid.......	120,481				120,481
26	Total expenses and disbursements. Add lines 24 and 25	157,576		34,451	0	120,481
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	64,084
b	Net investment income (if negative, enter -0-)			187,126
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

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.........	93,881	127,358	127,358
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,211,584	2,228,919	2,606,271
	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)	2,305,465	2,356,277	2,733,629
	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........	2,305,465	2,356,277
	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).....	2,305,465	2,356,277
	30	Total liabilities and net assets/fund balances (see instructions).	2,305,465	2,356,277

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

2,305,465

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

64,084

Other increases not included in line 2 (itemize) bullet

1,225

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

2,370,774

Decreases not included in line 2 (itemize) bullet

14,497

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

2,356,277

Form 990-PF (2020)

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	1109.653 KELLNER MERGER FUND			2020-01-09
b	1920.029 KELLNER MERGER FUND		2018-04-03	2020-01-09
c	991.451 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-01-09
d	449.701 BLACKROCK HIGH YIELD BOND PORTFOLIO CLASS K #340			2020-01-09
e	732.424 BLACKROCK HIGH YIELD BOND PORTFOLIO CLASS K #340			2020-01-09
	334.76 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260		2018-07-02	2020-01-09
	23.123 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260			2020-01-09
	596.079 COLUMBIA CONTRARIAN CORE FUND INSTL #6262			2020-01-09
	2893.31 COLUMBIA CONTRARIAN CORE FUND INSTL #6262			2020-01-09
	2048.633 DFA INTERNATIONAL REAL ESTATE SECURITIES FUND		2016-01-15	2020-01-09
	1312.903 EATON VANCE GLBL MACRO ABS RET ADVTG R6		2018-04-03	2020-01-09
	4558.86 FIDELITY MID CAP INDEX FUND INST PREMIUM #2352			2020-01-09
	12.424 FIDELITY ADVISIOR INTERNATIONAL REAL ESTATE FUND			2020-01-09
	393.861 FIDELITY ADVISIOR INTERNATIONAL REAL ESTATE FUND			2020-01-09
	62.903 GLENMEDE SECURED OPTIONS PORTFOLIO			2020-01-09
	834.735 GLENMEDE SECURED OPTIONS PORTFOLIO			2020-01-09
	838.723 GLENMEDE LARGE CAP CORE PORTFOLIO - INST #5559			2020-01-09
	4138.665 GLENMEDE LARGE CAP CORE PORTFOLIO - INST #5559			2020-01-09
	2959.979 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999		2018-04-03	2020-01-09
	174.127 OAKMARK FUND - INST #2876			2020-01-09
	881.934 OAKMARK FUND - INST #2876		2018-12-27	2020-01-09
	1221.365 HARTFORD EMERGING MARKETS LOCAL DEBT FUND CLASS Y #1025		2018-08-20	2020-01-09
	594.465 WCM FOCUSED INTERNATIONAL GROWTH FUND #840		2018-07-02	2020-01-09
	934.993 361 GLOBAL LONG/SHORT EQUITY FUND CLASS Y #832			2020-01-09
	326. ISHARES MSCI ACWI ETF		2019-11-29	2020-01-09
	505.33 IVY HIGH INCOME FUND CLASS N #229		2016-01-15	2020-01-09
	319.386 IVY HIGH INCOME FUND CLASS N #229		2019-07-03	2020-01-09
	430.3 LAZARD INTERNATIONAL EQUITY INST #632		2016-12-22	2020-01-09
	1108.72 PARTNER SELECT ALTERNATIVE STRATEGIES INSTL			2020-01-09
	1776.553 PARTNER SELECT ALTERNATIVE STRATEGIES INSTL			2020-01-09
	2246.275 MFS MID CAP VALUE R6 #4837		2018-12-27	2020-01-09
	733.446 BALTER INVENOMIC FUND - INSTL			2020-01-09
	737.643 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896		2018-07-02	2020-01-09
	688.834 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3		2018-12-27	2020-01-09
	935.826 T ROWE PRICE INSTITUTIONAL EMERGING MARKETS BOND FUND #163		2018-10-01	2020-01-09
	319.05 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269			2020-01-09
	2.861 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269		2019-12-19	2020-01-09
	437.693 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524			2020-01-09
	1450.161 INFINTY Q DIVERSIFIED ALPHA FUND #2373			2020-01-09
	351.559 INFINTY Q DIVERSIFIED ALPHA FUND #2373			2020-01-09
	297.471 VANGUARD 500 INDEX FUND ADM #540			2020-01-09
	772.797 VANGUARD 500 INDEX FUND ADM #540			2020-01-09
	465. ISHARES RUSSELL MID-CAP VALUE ETF		2020-01-09	2020-03-06
	19.02 NUANCE MID CAP VALUE FUND CLASS Z		2020-01-09	2020-03-06
	30.06 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943		2020-01-09	2020-03-11
	351. ISHARES RUSSELL MID-CAP GROWTH ETF		2020-01-09	2020-03-11
	3441.725 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851		2018-07-02	2020-03-13
	4824.405 BAIRD AGGREGATE BOND FUND INST #72			2020-03-13
	1452.727 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999		2018-04-03	2020-03-13
	3784.408 WELLS FARGO CORE BOND FUND CLASS R6 #4657			2020-03-13
	204.75 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST		2020-01-09	2020-03-16
	90.482 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K		2020-01-09	2020-03-16
	105.718 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2020-01-09	2020-03-16
	54.664 COLUMBIA SMALL CAP INDEX FUND INTL #444		2017-01-12	2020-03-16
	112.619 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-03-16
	147.475 FIDELITY MID CAP GROWTH INDEX FUND #3403		2020-03-11	2020-03-16
	754.846 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2020-01-09	2020-03-16
	470.666 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-01-09	2020-03-16
	75.204 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-09	2020-03-16
	78.994 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-01-09	2020-03-16
	24.541 MFS MID CAP VALUE R6 #4837		2018-12-27	2020-03-16
	99.138 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-03-16
	2.196 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524		2018-12-27	2020-03-16
	78.058 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-09	2020-03-16
	209.235 VICTORY INTEGRITY DISCOVERY FUND CLASS Y		2019-01-10	2020-03-19
	3734.618 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #		2018-12-27	2020-03-23
	958.781 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3			2020-03-23
	1288.899 BAIRD AGGREGATE BOND FUND INST #72			2020-03-25
	304.812 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-03-25
	23.766 WCM FOCUSED INTERNATIONAL GROWTH FUND #840		2018-07-02	2020-03-25
	29.074 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2020-01-09	2020-03-25
	51.033 MORGAN STANLEY INST GROWTH IR #8708		2020-01-09	2020-03-25
	1132.977 WELLS FARGO CORE BOND FUND CLASS R6 #4657		2017-09-27	2020-03-25
	173.278 VICTORY INTEGRITY DISCOVERY FUND CLASS Y			2020-03-27
	82.321 VICTORY INTEGRITY DISCOVERY FUND CLASS Y		2019-01-10	2020-03-27
	3299.078 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416			2020-04-06
	229.718 BAIRD AGGREGATE BOND FUND INST #72		2015-12-15	2020-04-06
	684.677 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-04-06
	583.764 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-04-06
	294.737 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #			2020-04-06
	19.241 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4		2017-04-21	2020-04-06
	395.811 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #		2017-04-21	2020-04-06
	51.417 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046			2020-04-06
	55.728 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531		2018-10-01	2020-04-06
	3.559 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531			2020-04-06
	288.419 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245		2018-12-27	2020-04-06
	162.975 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245		2016-12-22	2020-04-06
	669.614 WELLS FARGO CORE BOND FUND CLASS R6 #4657		2017-09-27	2020-04-06
	147.825 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST		2020-01-09	2020-04-07
	5.275 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST		2020-01-09	2020-04-07
	4.747 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K		2020-01-09	2020-04-07
	213.941 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-04-07
	50.075 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-04-07
	36.854 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4		2016-01-15	2020-04-07
	31.769 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662		2020-01-09	2020-04-07
	95.477 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896		2018-07-02	2020-04-13
	339.404 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2020-01-09	2020-05-15
	111.619 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2020-01-09	2020-05-15
	4562.927 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2020-01-09	2020-05-15
	1993.425 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-01-09	2020-05-15
	42.646 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-09	2020-05-15
	91.278 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-09	2020-05-15
	447.166 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-01-09	2020-05-15
	251.793 MORGAN STANLEY INST GROWTH IR #8708		2020-01-09	2020-05-15
	49.54 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-09	2020-05-15
	56.562 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-01-09	2020-05-29
	6905.049 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851			2020-07-13
	392.685 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K			2020-07-13
	4037.806 BAIRD AGGREGATE BOND FUND INST #72			2020-07-13
	434.452 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943		2020-01-09	2020-07-13
	477.465 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2020-01-09	2020-07-13
	356.482 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-07-13
	100.297 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-07-13
	5086.116 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2020-01-09	2020-07-13
	2847.813 FIDELITY LARGE CAP GROWTH INDEX FUND #2826			2020-07-13
	8540.204 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999			2020-07-13
	300.938 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #		2017-04-21	2020-07-13
	476.778 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-09	2020-07-13
	266.599 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-01-09	2020-07-13
	34.577 MFS MID CAP VALUE R6 #4837		2018-12-27	2020-07-13
	555.854 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2020-01-09	2020-07-13
	309.774 MORGAN STANLEY INST GROWTH IR #8708		2020-01-09	2020-07-13
	610.932 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-07-13
	258.961 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524			2020-07-13
	599.462 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245		2016-12-22	2020-07-13
	27.815 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-09	2020-07-13
	3922.468 WELLS FARGO CORE BOND FUND CLASS R6 #4657		2017-09-27	2020-07-13
	101.615 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467		2019-07-03	2020-07-24
	338.941 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST			2020-07-24
	102.65 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-07-24
	28.271 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943		2020-01-09	2020-07-24
	50.256 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2020-01-09	2020-07-24
	64.503 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260		2020-07-13	2020-07-24
	69.939 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-07-24
	150.057 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-07-24
	722.191 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-07-24
	268.949 FIDELITY MID CAP GROWTH INDEX FUND #3403			2020-07-24
	146.812 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-01-09	2020-07-24
	129.926 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #		2019-07-03	2020-07-24
	102.371 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #		2017-04-21	2020-07-24
	35.118 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-09	2020-07-24
	259.192 WCM FOCUSED INTERNATIONAL GROWTH FUND #840		2018-07-02	2020-07-24
	288. ISHARES RUSSELL TOP 200 VALUE ETF			2020-07-24
	21. ISHARES RUSSELL TOP 200 GROWTH ETF		2020-07-13	2020-07-24
	296.9 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-01-09	2020-07-24
	154.424 LAZARD INTERNATIONAL EQUITY INST #632		2019-04-02	2020-07-24
	154.744 MFS MID CAP VALUE R6 #4837		2018-12-27	2020-07-24
	86.499 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023		2020-07-13	2020-07-24
	179.398 NUANCE MID CAP VALUE FUND CLASS Z		2020-01-09	2020-07-24
	24.974 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2020-01-09	2020-07-24
	7.315 MORGAN STANLEY INST GROWTH IR #8708		2020-01-09	2020-07-24
	109.608 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726		2020-07-13	2020-07-24
	88.013 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046		2018-04-03	2020-07-24
	375.053 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896		2018-07-02	2020-07-24
	543.345 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321			2020-07-24
	203.677 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-07-24
	58.929 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269		2020-07-13	2020-07-24
	10. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF		2020-07-13	2020-07-24
	12.477 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524		2016-05-23	2020-07-24
	83.624 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531		2017-04-21	2020-07-24
	140.908 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-09	2020-07-24
	18. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX			2020-07-24
	78.38 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662		2020-01-09	2020-07-24
	429.497 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851		2018-07-02	2020-07-28
	37.346 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467			2020-07-28
	195.989 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST		2019-11-13	2020-07-28
	14.011 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K		2019-11-13	2020-07-28
	1018.022 BAIRD AGGREGATE BOND FUND INST #72		2015-12-15	2020-07-28
	314.64 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2017-01-12	2020-07-28
	22.484 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943		2020-01-09	2020-07-28
	52.04 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2020-01-09	2020-07-28
	35.03 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260		2020-07-13	2020-07-28
	37.405 COLUMBIA SMALL CAP INDEX FUND INTL #444		2018-12-06	2020-07-28
	28.032 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-07-28
	258.68 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-07-28
	171.924 FIDELITY MID CAP GROWTH INDEX FUND #3403		2020-04-16	2020-07-28
	199.737 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2020-01-09	2020-07-28
	211.99 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-01-09	2020-07-28
	97.998 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4			2020-07-28
	155.036 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #		2017-04-21	2020-07-28
	48.522 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-09	2020-07-28
	158.313 WCM FOCUSED INTERNATIONAL GROWTH FUND #840		2018-07-02	2020-07-28
	124. ISHARES RUSSELL TOP 200 VALUE ETF		2020-07-13	2020-07-28
	102. ISHARES RUSSELL TOP 200 GROWTH ETF		2020-07-13	2020-07-28
	51.982 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-01-09	2020-07-28
	135.379 LAZARD INTERNATIONAL EQUITY INST #632		2019-04-02	2020-07-28
	47.536 MFS MID CAP VALUE R6 #4837		2018-12-27	2020-07-28
	42.37 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023		2020-07-13	2020-07-28
	39.746 NUANCE MID CAP VALUE FUND CLASS Z		2020-01-09	2020-07-28
	17.124 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2020-01-09	2020-07-28
	21.138 MORGAN STANLEY INST GROWTH IR #8708		2020-01-09	2020-07-28
	59.339 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726		2020-07-13	2020-07-28
	48.765 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046		2018-04-03	2020-07-28
	240.441 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896		2018-07-02	2020-07-28
	305.714 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321		2020-04-06	2020-07-28
	132.583 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-07-28
	36.023 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269		2020-07-13	2020-07-28
	7. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF		2020-07-13	2020-07-28
	7.423 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524		2016-05-23	2020-07-28
	34.52 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531		2017-04-21	2020-07-28
	166.282 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245		2016-12-22	2020-07-28
	35.706 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-09	2020-07-28
	1385.413 VANGUARD SHORT TERM BOND INDEX ADM #5132		2020-07-13	2020-07-28
	7. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX		2020-07-13	2020-07-28
	6.746 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662		2020-01-09	2020-07-28
	21.177 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662		2020-01-09	2020-07-28
	779.802 WELLS FARGO CORE BOND FUND CLASS R6 #4657		2017-09-27	2020-07-28
	36.552 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467		2019-04-02	2020-10-05
	88.782 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260		2020-07-13	2020-10-05
	600.373 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-10-05
	223.825 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-10-05
	4.499 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-10-05
	293.129 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-10-05
	35.624 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-10-05
	5218.149 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830			2020-10-05
	3455.054 FIDELITY LARGE CAP GROWTH INDEX FUND #2826			2020-10-05
	1.967 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #46		2016-01-15	2020-10-05
	1872.261 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336			2020-10-05
	60.27 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023		2020-07-13	2020-10-05
	5.639 MORGAN STANLEY INST GROWTH IR #8708		2020-01-09	2020-10-05
	73.487 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726		2020-07-13	2020-10-05
	3.7 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-07-31	2020-10-05
	30.336 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2020-01-09	2020-10-05
	705.07 PIMCO STOCKSPLUS SMALL FUND - INST #1885			2020-10-05
	67.466 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269		2020-07-13	2020-10-05
	3. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF		2020-07-13	2020-10-05
	382.288 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-09	2020-10-05
	18.778 COLUMBIA SMALL CAP INDEX FUND INTL #444		2020-04-16	2020-10-06
	85.103 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2020-04-16	2020-10-06
	71.105 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-03-13	2020-10-06
	34.526 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-04-16	2020-10-06
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	12,006	12,371	-365
b	20,775	20,525	250
c	13,801	11,818	1,983
d	3,503	3,445	58
e	5,706	5,084	622
	5,818	5,165	653
	402	392	10
	16,631	15,849	782
	80,723	63,839	16,884
	10,079	9,506	573
	13,772	13,707	65
	108,455	106,016	2,439
	160	151	9
	5,057	4,537	520
	783	777	6
	10,392	10,858	-466
	23,249	22,768	481
	114,724	92,239	22,485
	28,031	27,824	207
	14,167	14,137	30
	71,754	59,866	11,888
	7,218	6,766	452
	11,384	9,500	1,884
	10,537	9,856	681
	26,106	25,344	762
	3,623	3,401	222
	2,290	2,303	-13
	8,038	6,941	1,097
	13,016	12,894	122
	20,857	20,677	180
	56,988	44,346	12,642
	8,303	8,055	248
	8,387	8,445	-58
	5,552	4,815	737
	8,076	7,824	252
	8,768	6,756	2,012
	79	78	1
	42,268	33,614	8,654
	17,344	16,804	540
	4,205	4,178	27
	89,952	82,774	7,178
	233,686	163,576	70,110
	38,316	43,924	-5,608
	233	258	-25
	808	942	-134
	45,858	54,830	-8,972
	34,314	34,073	241
	54,757	52,031	2,726
	13,583	13,656	-73
	50,484	49,714	770
	1,681	2,394	-713
	1,388	2,001	-613
	3,938	5,201	-1,263
	797	1,288	-491
	1,544	2,086	-542
	2,249	2,653	-404
	6,854	9,987	-3,133
	6,434	8,467	-2,033
	2,860	3,786	-926
	1,963	2,935	-972
	401	484	-83
	575	880	-305
	148	166	-18
	4,461	6,217	-1,756
	4,237	7,194	-2,957
	19,457	26,105	-6,648
	4,995	5,619	-624
	14,281	13,818	463
	3,167	3,633	-466
	366	380	-14
	562	715	-153
	2,223	2,528	-305
	14,842	14,627	215
	3,755	4,874	-1,119
	1,784	2,830	-1,046
	62,254	83,962	-21,708
	2,605	2,444	161
	7,333	8,161	-828
	6,252	6,958	-706
	2,520	2,892	-372
	147	174	-27
	3,024	3,578	-554
	381	607	-226
	2,049	2,258	-209
	131	143	-12
	2,587	2,864	-277
	1,462	1,423	39
	9,013	8,645	368
	1,311	1,728	-417
	47	62	-15
	78	105	-27
	2,302	2,550	-248
	668	963	-295
	321	352	-31
	948	1,336	-388
	781	1,093	-312
	15,932	16,699	-767
	5,239	5,492	-253
	46,770	60,368	-13,598
	34,865	35,862	-997
	2,117	2,147	-30
	4,531	4,595	-64
	12,069	16,617	-4,548
	15,450	12,471	2,979
	3,179	3,945	-766
	1,043	1,018	25
	71,122	68,454	2,668
	8,321	8,395	-74
	47,848	43,214	4,634
	14,502	13,616	886
	25,086	23,491	1,595
	6,627	8,325	-1,698
	1,687	1,929	-242
	56,049	67,289	-11,240
	55,988	51,269	4,719
	81,303	80,330	973
	2,886	2,721	165
	26,752	24,001	2,751
	7,894	9,907	-2,013
	723	683	40
	15,525	13,663	1,862
	22,914	15,343	7,571
	4,918	5,421	-503
	24,231	19,533	4,698
	6,684	5,233	1,451
	1,897	2,215	-318
	54,993	50,640	4,353
	1,636	1,443	193
	3,647	3,669	-22
	1,317	1,224	93
	981	886	95
	2,650	2,473	177
	934	922	12
	1,368	1,588	-220
	2,623	2,886	-263
	13,050	13,375	-325
	6,089	5,673	416
	2,901	2,641	260
	1,411	1,524	-113
	993	925	68
	1,981	1,768	213
	5,386	4,142	1,244
	14,703	14,425	278
	2,316	2,414	-98
	9,100	11,033	-1,933
	2,653	2,689	-36
	3,409	3,055	354
	961	938	23
	2,264	2,436	-172
	724	614	110
	550	362	188
	1,118	1,082	36
	815	1,040	-225
	3,533	4,294	-761
	3,021	2,423	598
	1,717	1,807	-90
	1,409	1,381	28
	403	396	7
	1,212	915	297
	3,789	3,005	784
	9,903	11,222	-1,319
	2,136	2,081	55
	2,777	3,295	-518
	4,441	4,252	189
	608	513	95
	2,150	2,068	82
	306	292	14
	12,145	10,832	1,313
	4,062	3,751	311
	782	705	77
	2,755	2,560	195
	523	501	22
	735	837	-102
	490	539	-49
	4,664	4,791	-127
	3,913	3,131	782
	2,279	2,643	-364
	4,208	3,814	394
	1,077	1,109	-32
	1,524	1,402	122
	2,742	2,443	299
	3,323	2,530	793
	6,320	6,208	112
	11,432	11,723	-291
	1,587	1,932	-345
	2,338	2,357	-19
	1,042	938	104
	472	459	13
	500	540	-40
	499	421	78
	1,601	1,047	554
	610	586	24
	454	576	-122
	2,289	2,753	-464
	1,712	1,363	349
	1,119	1,177	-58
	884	844	40
	284	277	7
	722	545	177
	1,600	1,241	359
	1,879	1,452	427
	2,513	2,844	-331
	15,101	15,087	14
	833	804	29
	238	284	-46
	746	890	-144
	11,003	10,067	936
	651	487	164
	1,385	1,267	118
	12,398	10,724	1,674
	4,622	4,932	-310
	83	87	-4
	5,438	5,637	-199
	679	660	19
	61,783	54,960	6,823
	75,389	60,542	14,847
	23	19	4
	58,939	60,531	-1,592
	669	653	16
	506	279	227
	765	725	40
	33	36	-3
	272	299	-27
	6,310	6,293	17
	1,717	1,581	136
	116	119	-3
	27,498	30,445	-2,947
	387	301	86
	998	871	127
	1,525	1,109	416
	1,076	932	144
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625
			23,625

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			-365
b			250
c			1,983
d			58
e			622
			653
			10
			782
			16,884
			573
			65
			2,439
			9
			520
			6
			-466
			481
			22,485
			207
			30
			11,888
			452
			1,884
			681
			762
			222
			-13
			1,097
			122
			180
			12,642
			248
			-58
			737
			252
			2,012
			1
			8,654
			540
			27
			7,178
			70,110
			-5,608
			-25
			-134
			-8,972
			241
			2,726
			-73
			770
			-713
			-613
			-1,263
			-491
			-542
			-404
			-3,133
			-2,033
			-926
			-972
			-83
			-305
			-18
			-1,756
			-2,957
			-6,648
			-624
			463
			-466
			-14
			-153
			-305
			215
			-1,119
			-1,046
			-21,708
			161
			-828
			-706
			-372
			-27
			-554
			-226
			-209
			-12
			-277
			39
			368
			-417
			-15
			-27
			-248
			-295
			-31
			-388
			-312
			-767
			-253
			-13,598
			-997
			-30
			-64
			-4,548
			2,979
			-766
			25
			2,668
			-74
			4,634
			886
			1,595
			-1,698
			-242
			-11,240
			4,719
			973
			165
			2,751
			-2,013
			40
			1,862
			7,571
			-503
			4,698
			1,451
			-318
			4,353
			193
			-22
			93
			95
			177
			12
			-220
			-263
			-325
			416
			260
			-113
			68
			213
			1,244
			278
			-98
			-1,933
			-36
			354
			23
			-172
			110
			188
			36
			-225
			-761
			598
			-90
			28
			7
			297
			784
			-1,319
			55
			-518
			189
			95
			82
			14
			1,313
			311
			77
			195
			22
			-102
			-49
			-127
			782
			-364
			394
			-32
			122
			299
			793
			112
			-291
			-345
			-19
			104
			13
			-40
			78
			554
			24
			-122
			-464
			349
			-58
			40
			7
			177
			359
			427
			-331
			14
			29
			-46
			-144
			936
			164
			118
			1,674
			-310
			-4
			-199
			19
			6,823
			14,847
			4
			-1,592
			16
			227
			40
			-3
			-27
			17
			136
			-3
			-2,947
			86
			127
			416
			144

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	169,821
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

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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	Reserved................................	1	2,601
c	All other domestic foundations enter 1.39% 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	2,601
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	2,601
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,908
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	1,908
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	693
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax0	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 the instructions

for the 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 2020 or the taxable year beginning in 2020? 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 (2020)

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

N/A

The books are in care of bullet

FIRST CITIZENS BANK Telephone no. bullet

(919) 716-7347

Located at bullet

PO BOX 29526RALEIGHNC ZIP+4 bullet

27626

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 2020, 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 2020?.............

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 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............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 2020 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 2020.)..................

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 2020?

Form 990-PF (2020)

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
FIRST CITIZENS BANK	TRUSTEE 40	32,199
PO BOX 29522 RALEIGH,NC27626	TRUSTEE 40	32,199

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 (2020)

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 (2020)

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

2,367,916

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

129,879

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

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

2,497,795

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

2,497,795

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

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

37,467

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

2,460,328

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

123,016

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

123,016

Tax on investment income for 2020 from Part VI, line 5......

2,601

Income tax for 2020. (This does not include the tax from Part VI.)...

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

2,601

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

120,415

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

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

120,415

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

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

120,415

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 ..........

120,481

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

120,481

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

120,481

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					120,415
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				120,481
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 120,481
a Applied to 2019, but not more than line 2a				120,481
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 2020 distributable amount.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		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 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					120,415
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 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

Form 990-PF (2020)

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 2020, 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) 2020	(b) 2019	(c) 2018	(d) 2017	(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).)

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

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2020)

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
WRMC HOSPITAL OPERATING CORP ATTN BARRY WALD PO BOX 609 NORTH WILKESBORO,NC28659	NONE	PC	GENERAL NEEDS OF HOSPITAL	120,481
Total ................................. 3a				120,481

bApproved for future payment

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

Form 990-PF (2020)

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	51,839
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	169,821
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)..				221,660

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

221,660

(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 (2020)

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 instructions. 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 (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
LITMAN GREGORY MASTERS ALTERNA
BAIRD AGGREGATE BOND	AT COST	255,701	272,023
COLUMBIA CONTRARIAN CORE
DFA INTL REAL ESTATE
GLENMEDE LRG CAP CORE
GOLDMAN SACHS INTL SMALL CAP I	AT COST	12,707	16,230
LAZARD INTL EQUITY	AT COST	39,119	48,259
PEAR TREE POLARIS FOREIGN VALU	AT COST	10,340	12,289
PRINCIPAL REAL ESTATE SECURITI	AT COST	12,031	13,392
T ROWE PRICE MID-CAP GROWTH	AT COST	13,145	18,166
TIAA-CREF EMERGING MKTS EQUITY	AT COST	30,346	39,673
361 GLOBAL LONG/SHORT EQUITY
BLACKROCK HIGH YIELD BD
IVY HIGH INCOME
HARTFORD EMERGING MKTS LOCAL D
AC ALTS MKT NEUTRAL VALUE
ISHARES MSCI EAFE INTL INDEX	AT COST	59,206	74,738
COLUMBIA SMALL CAP INDEX
GOLDMAN SACHS EMERGING MKTS EQ	AT COST	20,210	25,738
MFS MID CAP VALUE	AT COST	21,735	28,968
PIMCO STOCKSPLUS INTL (USD-HED	AT COST	27,520	46,620
T ROWE PRICE EMERGING MKTS STO	AT COST	22,102	29,046
VANGUARD 500 INDEX
COHEN & STEERS REAL ESTATE SEC	AT COST	8,284	9,449
FIDELITY ADVISOR INTERNATIONAL
OAKMARK FUND
WCM FOCUSED INTERNATIONAL GROW	AT COST	37,647	58,122
PEAR TREE POLARIS FOREIGN VALU	AT COST	56,732	64,644
INFINITY Q DIVERSIFIED ALPHA F
AMERICAN BEACON GARCIA HAMILTO	AT COST	136,438	138,217
GOLDMAN SACHS ENHANCED INCOME
T ROWE PRICE INSTITUTIONAL EME
KELLNER MERGER FUND
EATON VANCE GLOBAL MACRO ABSOL
GLENMEDE SECURED OPTIONS PORTF
ARTISAN INTERNATIONAL SMALL-MI	AT COST	8,611	13,186
ASHMORE EMERGING MARKETS ACTIV	AT COST	27,554	34,619
BALLIE GIFFORD EMERGING MARKET	AT COST	25,064	33,744
FEDERATED MDT SMALL CAP CORE F
FIDELITY MID CAP INDEX FUND
ISHARES MSCI ACWI ETF
BALTER INVENOMIC FUND
PIMCO STOCKSPLUS SAMLL FUND	AT COST	11,862	18,478
VICTORY INTEGRITY DISCOVERY FU
WELLS FARGO CORE BOND FUND	AT COST	232,763	238,153
BLACKROCK MID-CAP GROWTH	AT COST	12,724	18,879
CARILLON CLARIVEST CAPITAL	AT COST	51,361	57,373
COLUMBIA SELECT LC VALUE	AT COST	44,599	47,901
DIAMOND HILL LC	AT COST	37,581	40,828
FEDERATED HERMES MDT SC	AT COST	9,165	14,597
FIDELITY MID CAP VALUE INDEX	AT COST	91,854	116,608
FIDELITY MID CAP GROWTH INDEX	AT COST	50,613	79,109
T ROWE PRICE INSTITUTIONAL LC	AT COST	43,080	56,888
ISHARES RUSSELL TOP 200 VALUE	AT COST	165,510	194,834
ISHARES RUSSELL TOP 200 GROWTH	AT COST	208,583	252,377
MAINSTAY CBRE GLOBAL INFR	AT COST	8,390	9,171
NUANCE MID CAP VALUE	AT COST	20,462	22,077
JACKSON SQUARE SMID-CAP GROWTH	AT COST	11,149	17,786
MORGAN STANLEY INST GROWTH	AT COST	32,565	56,519
NUVEEN GLOBAL INFR	AT COST	8,618	9,541
PROSHARES TR DJ BROOKFIELD	AT COST	4,558	4,723
VANGUARD EQUITY INCOME	AT COST	36,890	41,584
VANGUARD SCOTTSDALE	AT COST	19,801	26,431
WELLS FARGO SPECIAL MID CAP VA	AT COST	22,189	25,679
VANGUARD SHORT TERM	AT COST	280,110	279,612

Category	Amount	Net Investment Income
FEDERAL TAX PAYMENT - PRIOR YE	736	0
FEDERAL ESTIMATES - PRINCIPAL	1,908	0
FOREIGN TAXES ON QUALIFIED FOR	937	937
FOREIGN TAXES ON NONQUALIFIED	85	85

Description	Amount
WASH SALE	13,570
2020 TRANS POSTED IN 2021	927

Description	Amount
2019 TRANS POSTED IN 2020	1,222
ROUNDING	3