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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O FIRST CITIZENS BK TRUSTEE PO
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27626
A Employer identification number

58-2117719
B Telephone number (see instructions)

(919) 716-7347
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$684,307J 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... 11,586 11,561  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,676
b Gross sales price for all assets on line 6a 443,094
7 Capital gain net income (from Part IV, line 2)... 9,676
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........ 21,262 21,237  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,723 8,723    
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)....... Click to see attachment 450 450 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,092 316   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.......... 10,265 9,489 0 0
25 Contributions, gifts, grants paid....... 28,982 28,982
26 Total expenses and disbursements. Add lines 24 and 25 39,247 9,489 0 28,982
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -17,985
b Net investment income (if negative, enter -0-) 11,748
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 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.............      
2 Savings and temporary cash investments......... 45,880 22,064 22,064
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 391,739 Click to see attachment412,292 520,446
c Investments—corporate bonds (attach schedule)....... 154,626 Click to see attachment138,907 141,797
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 592,245 573,263 684,307
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 592,245 573,263
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)..... 592,245 573,263
30 Total liabilities and net assets/fund balances (see instructions). 592,245 573,263
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
592,245
2
Enter amount from Part I, line 27a .....................
2
-17,985
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
260
4
Add lines 1, 2, and 3 ..........................
4
574,520
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,257
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
573,263
Form 990-PF (2020)
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 392.617 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416     2020-01-09
b 194.616 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851   2018-07-02 2020-01-09
c 525.801 BAIRD AGGREGATE BOND FUND INST #72     2020-01-09
d 295.833 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852     2020-01-09
e 172.763 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-01-09
1059.662 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999   2018-04-03 2020-01-09
92. ISHARES MSCI ACWI ETF   2019-12-02 2020-01-09
20.344 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336     2020-01-09
96.847 MFS MID CAP VALUE R6 #4837   2018-10-03 2020-01-09
110.293 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196     2020-01-09
266.404 MORGAN STANLEY INST GROWTH IR #8708     2020-01-09
8.578 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2018-10-03 2020-01-09
60.004 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2018-10-03 2020-01-09
59.301 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662     2020-01-09
286.34 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2016-10-07 2020-01-09
139. ISHARES RUSSELL MID-CAP VALUE ETF   2019-11-13 2020-03-06
12.898 NUANCE MID CAP VALUE FUND CLASS Z   2020-01-09 2020-03-06
10.863 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-09 2020-03-11
104. ISHARES RUSSELL MID-CAP GROWTH ETF     2020-03-11
499.395 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851   2018-07-02 2020-03-16
675.131 BAIRD AGGREGATE BOND FUND INST #72     2020-03-16
33.101 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-09-24 2020-03-16
118.947 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-11-13 2020-03-16
205.8 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999   2018-04-03 2020-03-16
532.811 WELLS FARGO CORE BOND FUND CLASS R6 #4657     2020-03-16
5.686 VICTORY INTEGRITY DISCOVERY FUND CLASS Y     2020-03-18
79.975 VICTORY INTEGRITY DISCOVERY FUND CLASS Y   2019-01-10 2020-03-18
1120.354 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #     2020-03-23
235.405 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3   2020-03-16 2020-03-23
50.756 VICTORY INTEGRITY DISCOVERY FUND CLASS Y     2020-03-27
892.5 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416     2020-04-06
150.354 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851   2018-07-02 2020-04-06
24.166 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2020-01-09 2020-04-06
62.85 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2020-01-09 2020-04-06
6.901 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K   2020-01-09 2020-04-06
40.939 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K   2020-01-09 2020-04-06
218.519 BAIRD AGGREGATE BOND FUND INST #72   2016-01-15 2020-04-06
224.855 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2020-04-06
213.053 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2016-10-07 2020-04-06
54.035 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4   2016-01-15 2020-04-06
10.385 MORGAN STANLEY INST GROWTH IR #8708   2019-09-24 2020-04-06
1.115 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2018-10-03 2020-04-06
65.439 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2017-01-13 2020-04-06
49.834 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245     2020-04-06
193.536 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2017-09-27 2020-04-06
4.899 FIDELITY MID CAP GROWTH INDEX FUND #3403   2020-03-11 2020-04-13
107.946 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852     2020-05-15
1356.976 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830     2020-05-15
496.055 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-05-15
45.024 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-09 2020-05-15
130.048 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-09-24 2020-05-15
96.317 MORGAN STANLEY INST GROWTH IR #8708   2019-09-24 2020-05-15
8.29 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-09 2020-05-15
969.515 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2020-07-13
27.975 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2019-07-03 2020-07-13
83.011 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K     2020-07-13
468.27 BAIRD AGGREGATE BOND FUND INST #72     2020-07-13
114.41 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-09 2020-07-13
141.397 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-09-24 2020-07-13
112.372 COLUMBIA SMALL CAP INDEX FUND INTL #444     2020-07-13
26.992 FEDERATED HERMES MDT SMALL CAP CORE FUND   2019-04-02 2020-07-13
1444.192 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2019-09-24 2020-07-13
846.49 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-07-13
804.516 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999   2019-09-24 2020-07-13
419.667 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999     2020-07-13
177.894 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #   2017-04-24 2020-07-13
140.973 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-09 2020-07-13
67.781 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-09-24 2020-07-13
21.521 MFS MID CAP VALUE R6 #4837   2018-10-03 2020-07-13
192.338 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196   2019-09-24 2020-07-13
91.983 MORGAN STANLEY INST GROWTH IR #8708   2019-09-24 2020-07-13
221.988 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2019-01-10 2020-07-13
75.526 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524     2020-07-13
15.19 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531     2020-07-13
1.569 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-09 2020-07-13
470.613 WELLS FARGO CORE BOND FUND CLASS R6 #4657     2020-07-13
7.64 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2019-07-03 2020-07-24
77.323 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2020-01-09 2020-07-24
34.295 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2016-10-07 2020-07-24
7.147 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-09 2020-07-24
11.493 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-09-24 2020-07-24
15.884 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260   2020-07-13 2020-07-24
17.28 COLUMBIA SMALL CAP INDEX FUND INTL #444   2016-10-07 2020-07-24
42.563 FEDERATED HERMES MDT SMALL CAP CORE FUND   2019-04-02 2020-07-24
194.743 FIDELITY MID CAP VALUE INDEX FUND #3404   2020-03-06 2020-07-24
68.64 FIDELITY MID CAP GROWTH INDEX FUND #3403     2020-07-24
39.283 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2019-09-24 2020-07-24
28.289 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-09-24 2020-07-24
58.103 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4   2019-07-03 2020-07-24
7.41 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-09 2020-07-24
70.164 WCM FOCUSED INTERNATIONAL GROWTH FUND #840   2018-07-02 2020-07-24
77. ISHARES RUSSELL TOP 200 VALUE ETF     2020-07-24
1. ISHARES RUSSELL TOP 200 GROWTH ETF   2020-07-13 2020-07-24
79.772 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-09-24 2020-07-24
9.837 LAZARD INTERNATIONAL EQUITY INST #632   2019-04-02 2020-07-24
41.08 MFS MID CAP VALUE R6 #4837   2018-10-03 2020-07-24
21.062 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023   2020-07-13 2020-07-24
46.434 NUANCE MID CAP VALUE FUND CLASS Z   2020-01-09 2020-07-24
4.898 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196   2019-09-24 2020-07-24
27.059 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2020-07-24
19.222 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2018-04-03 2020-07-24
28.45 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2018-07-02 2020-07-24
71.583 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321   2020-04-06 2020-07-24
50.297 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2019-01-10 2020-07-24
14.638 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269   2020-07-13 2020-07-24
3. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2020-07-13 2020-07-24
3.119 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2016-05-23 2020-07-24
9.292 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2017-04-24 2020-07-24
101.883 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2017-01-13 2020-07-24
38.048 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-09 2020-07-24
5. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX     2020-07-24
20.604 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662   2019-09-24 2020-07-24
9.601 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467     2020-10-05
23.333 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260   2020-07-13 2020-10-05
180.727 COLUMBIA SMALL CAP INDEX FUND INTL #444     2020-10-05
73.984 COLUMBIA SMALL CAP INDEX FUND INTL #444     2020-10-05
92.83 FEDERATED HERMES MDT SMALL CAP CORE FUND   2019-04-02 2020-10-05
1303.123 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830     2020-10-05
431.142 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2019-09-24 2020-10-05
1014.047 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-09-24 2020-10-05
10.864 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4   2019-07-03 2020-10-05
10.684 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-09 2020-10-05
267.414 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336     2020-10-05
346.765 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-09-24 2020-10-05
13.604 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023   2020-07-13 2020-10-05
22.445 MORGAN STANLEY INST GROWTH IR #8708   2019-09-24 2020-10-05
20.269 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2020-10-05
38.907 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2020-01-09 2020-10-05
209.026 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2020-10-05
18.939 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269   2020-07-13 2020-10-05
111.998 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-09 2020-10-05
5.756 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-09-24 2020-10-06
5.803 COLUMBIA SMALL CAP INDEX FUND INTL #444   2020-03-18 2020-10-06
7.721 FIDELITY MID CAP VALUE INDEX FUND #3404   2020-03-06 2020-10-06
5.507 FIDELITY MID CAP GROWTH INDEX FUND #3403   2020-10-05 2020-10-06
28.284 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2020-03-16 2020-10-06
20.869 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-09-24 2020-10-06
4.318 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #46     2020-10-06
11.326 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2020-03-16 2020-10-06
33.472 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2018-07-02 2020-10-06
13.229 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2020-01-09 2020-10-06
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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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,636   10,344 292
b 1,952   1,927 25
c 5,910   5,689 221
d 14,555   13,455 1,100
e 3,108   2,889 219
10,035   9,961 74
7,369   7,102 267
756   753 3
2,457   2,393 64
2,711   2,551 160
13,195   12,956 239
828   838 -10
5,795   5,861 -66
2,493   2,417 76
3,794   3,765 29
11,454   12,745 -1,291
158   175 -17
292   340 -48
13,588   15,340 -1,752
4,949   4,944 5
7,710   7,238 472
1,233   1,467 -234
1,626   1,989 -363
1,916   1,935 -19
7,145   6,919 226
106   213 -107
1,495   2,750 -1,255
5,837   9,198 -3,361
1,226   1,250 -24
1,100   1,331 -231
16,841   22,252 -5,411
1,487   1,489 -2
212   283 -71
552   735 -183
112   153 -41
663   905 -242
2,478   2,340 138
2,408   2,707 -299
2,282   2,557 -275
462   516 -54
458   502 -44
41   45 -4
587   608 -21
447   524 -77
2,605   2,499 106
87   88 -1
5,067   4,791 276
13,909   17,457 -3,548
8,676   8,053 623
2,235   2,267 -32
3,510   4,675 -1,165
5,910   4,660 1,250
532   660 -128
9,986   9,615 371
442   397 45
1,759   1,821 -62
5,549   5,067 482
3,819   3,586 233
7,429   6,265 1,164
2,089   2,541 -452
454   519 -65
15,915   18,255 -2,340
16,642   13,495 3,147
7,659   7,611 48
3,995   3,957 38
1,706   1,631 75
7,910   7,097 813
2,007   2,437 -430
450   532 -82
5,372   4,420 952
6,804   4,450 2,354
1,787   1,970 -183
7,067   5,885 1,182
679   603 76
107   125 -18
6,598   6,105 493
123   108 15
832   904 -72
440   412 28
248   224 24
606   509 97
230   227 3
338   386 -48
744   818 -74
3,519   3,607 -88
1,554   1,440 114
449   497 -48
559   450 109
631   682 -51
418   373 45
1,458   1,121 337
3,931   3,856 75
110   115 -5
2,445   2,868 -423
169   171 -2
905   1,015 -110
234   228 6
586   631 -45
142   113 29
276   267 9
178   227 -49
268   326 -58
398   319 79
424   446 -22
350   343 7
121   119 2
303   229 74
421   338 83
1,136   946 190
2,674   3,030 -356
593   578 15
730   838 -108
171   131 40
364   333 31
3,732   3,169 563
1,528   1,653 -125
1,722   1,785 -63
15,429   12,659 2,770
5,105   5,450 -345
22,127   16,123 6,004
127   127  
656   538 118
8,418   6,959 1,459
10,916   12,466 -1,550
151   147 4
2,014   1,086 928
211   200 11
348   383 -35
1,871   1,866 5
482   444 38
8,056   8,920 -864
324   255 69
120   81 39
146   143 3
133   134 -1
332   257 75
448   332 116
50   43 7
353   281 72
321   383 -62
118   130 -12
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
      6,180
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       292
b       25
c       221
d       1,100
e       219
      74
      267
      3
      64
      160
      239
      -10
      -66
      76
      29
      -1,291
      -17
      -48
      -1,752
      5
      472
      -234
      -363
      -19
      226
      -107
      -1,255
      -3,361
      -24
      -231
      -5,411
      -2
      -71
      -183
      -41
      -242
      138
      -299
      -275
      -54
      -44
      -4
      -21
      -77
      106
      -1
      276
      -3,548
      623
      -32
      -1,165
      1,250
      -128
      371
      45
      -62
      482
      233
      1,164
      -452
      -65
      -2,340
      3,147
      48
      38
      75
      813
      -430
      -82
      952
      2,354
      -183
      1,182
      76
      -18
      493
      15
      -72
      28
      24
      97
      3
      -48
      -74
      -88
      114
      -48
      109
      -51
      45
      337
      75
      -5
      -423
      -2
      -110
      6
      -45
      29
      9
      -49
      -58
      79
      -22
      7
      2
      74
      83
      190
      -356
      15
      -108
      40
      31
      563
      -125
      -63
      2,770
      -345
      6,004
       
      118
      1,459
      -1,550
      4
      928
      11
      -35
      5
      38
      -864
      69
      39
      3
      -1
      75
      116
      7
      72
      -62
      -12
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 9,676
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 163
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........................... 3 163
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- ..... 5 163
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 760
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.............. 7 760
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 10 597
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet164 RefundedBullet 11 433
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 the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFIRST CITIZENS BANK Telephone no.bullet (919) 716-7347

    Located atbulletPO BOX 29522RALEIGHNC ZIP+4bullet27626
    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 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
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    FIRST CITIZENS BANK TRUSTEE
    0     		8,723    
    PO BOX 29522
    RALEIGH,NC27626
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    574,996
    b
    Average of monthly cash balances.......................
    1b
    31,859
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    606,855
    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
    606,855
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    9,103
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    597,752
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    29,888
    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
    29,888
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    163
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    163
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    29,725
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    29,725
    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
    29,725
    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
    28,982
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    28,982
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    28,982
    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)
    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 29,725
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 28,982
    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: bullet$ 28,982
    a Applied to 2019, but not more than line 2a 28,982
    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 ..........     		29,725
    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)
    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 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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)
    aPaid during the year
    MASONIC HOME FOR CHILDREN AT OXFORD
    ATTN LUANNE CLARK
    OXFORD,NC27565     		NONE PC SUPPORT 28,982
    Total .................................bullet 3a 28,982
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    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
    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 11,586  
    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 9,676  
    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)..   21,262  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    21,262
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
    EIN:
    58-2117719
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 450 450    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
    EIN:
    58-2117719
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BAIRD AGGREGATE BD 38,808 40,985
    AMERICAN BEACON GARCIA HAMILTO 21,417 21,583
    GOLDMAN SACHS ENHANCED INCOME    
    WELLS FARGO CORE BOND FUND 36,175 36,797
    VANGUARD SHORT TERM 42,507 42,432

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
    EIN:
    58-2117719
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS INTL SMALL CAP I 3,981 5,047
    PIMCO STOCKSPLUS INTL (USD-HED 8,489 14,296
    AMERICAN BEACON BRIDGEWAY LGE    
    LAZARD INTL EQUITY 12,442 14,979
    PEAR TREE POLARIS FOREIGN VALU 3,301 3,841
    T ROWE PRICE MID-CAP GROWTH 3,865 5,605
    TIAA-CREF EMERGING MKTS EQUITY 9,910 12,521
    WELLS FARGO SPECIAL MID CAP VA 6,869 7,948
    ISHARES MSCI EAFE INTL INDEX 18,225 22,863
    GOLDMAN SACHS EMERGING MKTS EQ 6,691 8,125
    MFS MID CAP VALUE 7,236 8,931
    T ROWE PRICE EMERGING MKTS STO 7,160 9,170
    WCM FOCUSED INTERNATIONAL GROW 11,806 18,247
    PEAR TREE POLARIS FOREIGN VALU 17,637 19,705
    ARTISAN INTERNATIONAL SMALL-MI 2,717 4,212
    ASHMORE EMERGING MARKETS ACTIV 8,735 10,930
    BALLIE GIFFORD EMERGING MARKET 7,929 10,642
    CARLLON CLARIVEST CAPITAL APPR 13,785 16,417
    COLUMBIA SMALL CAP INDEX FUND    
    FEDERATED MDT SMALL CAP CORE F    
    FIDELITY LARGE CAP VALUE INDEX    
    FIDELITY LARGE CAP GROWTH INDE    
    ISHARES RUSSELL MID-CAP VALUE    
    ISHARES RUSSELL MID-CAP GROWTH    
    ISHARES MSCI ACWI ETF    
    JPMORGAN VALUE ADVANTAGE FUND    
    JACKSON SQUARE SMID-CAP GROWTH 3,211 5,437
    MORGAN STANLEY INST GROWTH IR 7,826 14,172
    PIMCO STOCKSPLUS SMALL FUND 3,065 5,418
    VICTORY INTEGRITY DISCOVERY FU    
    BLACKROCK MID-CAP GROWTH 4,019 5,847
    COHEN & STEERS REAL ESTATE 2,520 2,874
    COLUMBIA SELECT LC VALUE 16,579 17,806
    DIAMOND HILL LC 12,530 13,613
    FEDERATED HERMES MDT SC 2,761 4,371
    FIDELITY MID CAP VALUE INDEX 28,366 36,206
    FIDELITY MID CAP GROWTH INDEX 15,032 24,856
    T ROWE PRICE INST LC 12,248 15,926
    ISHARES RUSSELL TOP 200 VALUE 60,357 70,580
    ISHARES RUSSELL TOP 200 GROWTH 56,831 69,181
    MAINSTAY CBRE GLOVAL INFR 2,554 2,792
    NUANCE MID CAP VALUE 6,292 6,691
    NUVEEN GLOBAL INFR 2,624 2,905
    PRINCIPAL REAL ESTATE SECURITI 3,697 4,112
    PROSHARES TR DJ BROOKFIELD 1,387 1,437
    VANGUARD EQUITY INCOME 13,821 14,988
    VANGUARD SCOTTSDALE 5,794 7,755

    TY 2020 OtherDecreasesSchedule
    Name:
    JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
    EIN:
    58-2117719
    Description Amount
    2020 TRANS POSTED IN 2021 169
    COST BASIS ADJUSTMENT - WASH SALE 1,088


    TY 2020 OtherIncreasesSchedule
    Name:
    JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
    EIN:
    58-2117719
    Description Amount
    ROUNDING 2
    2019 TRANS POSTED IN 2020 258


    TY 2020 TaxesSchedule
    Name:
    JAMES L & LONA SHAPTER MEMORIAL CHARITABLE
    EIN:
    58-2117719
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 16 0   0
    FEDERAL ESTIMATES - PRINCIPAL 760 0   0
    FOREIGN TAXES ON QUALIFIED FOR 289 289   0
    FOREIGN TAXES ON NONQUALIFIED 27 27   0