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 03-01-2020 , and ending 02-28-2021
Name of foundation
WILLIAM GASTON ALLEN FOUNDATION TR
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - MC 100-01-02-50
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

35-7201867
B Telephone number (see instructions)

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$3,907,088J 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... 72,177 71,761  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,281
b Gross sales price for all assets on line 6a 612,285
7 Capital gain net income (from Part IV, line 2)... 13,281
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........ 85,458 85,042  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,984 20,492   20,492
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,637 1,903   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 243 243    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,864 22,638 0 20,492
25 Contributions, gifts, grants paid....... 174,002 174,002
26 Total expenses and disbursements. Add lines 24 and 25 217,866 22,638 0 194,494
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -132,408
b Net investment income (if negative, enter -0-) 62,404
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............. 56,754 51,156 51,156
2 Savings and temporary cash investments.........      
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)....... 1,922,813 Click to see attachment800,272 1,195,256
c Investments—corporate bonds (attach schedule).......   Click to see attachment1,421,344 1,486,348
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,417,899 Click to see attachment991,755 1,173,928
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment400 Click to see attachment400 Click to see attachment400
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,397,866 3,264,927 3,907,088
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........ 3,397,866 3,264,927
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)..... 3,397,866 3,264,927
30 Total liabilities and net assets/fund balances (see instructions). 3,397,866 3,264,927
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
3,397,866
2
Enter amount from Part I, line 27a .....................
2
-132,408
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,265,458
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
531
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,264,927
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 15000. U.S. TREASURY NOTES 2.375% 5/15/29   2020-02-25 2020-03-03
b 9000. U.S. TREASURY NOTES 2.375% 5/15/29     2020-03-06
c 8000. U.S. TREASURY NOTES 2.375% 5/15/29   2019-08-14 2020-03-09
d 10000. U.S. TREASURY NOTES 2.125% 5/15/25     2020-03-24
e 13000. CINTAS CORP NO. 2 DTD 03/14/2017 3.7% 04     2020-03-30
35000. US TREASURY BILL DTD 02/04/2020 0% 03/31     2020-03-31
20000. US TREASURY NOTE DTD 04/30/2015 1.375% 0   2018-07-19 2020-04-30
1273. BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR     2020-05-14
8200. US TREASURY NOTE DTD 1/31/2014 2.125% 01   2019-08-05 2020-05-26
12000. US TREASURY NOTE DTD 8/16/2010 2.625% 08   2019-05-09 2020-05-26
10000. PIONEER NATURAL RESOURCES DTD 06/26/2012 CALLABLE 3.95% 07/15/2     2020-05-27
3000. PIONEER NATURAL RESOURCES DTD 06/26/2012 CALLABLE 3.95% 07/15/20   2019-10-09 2020-05-27
10000. MARYLAND ST BDS SECOND SERIES A DTD 08/28/2019 5% 08/01/2026   2020-03-24 2020-06-05
12000. US TREASURY NOTE DTD 08/15/2019 1.625% 0   2020-02-28 2020-06-16
4800. US TREASURY NOTE DTD 1/31/2014 2.125% 01   2019-08-05 2020-07-02
12000. CROWN CASTLE INTL CORP DTD 04/15/2014 4.     2020-07-06
5000. FED NATL MTG ASSN DTD 02/05/2016 1.375%   2018-04-25 2020-07-06
130. ISHARES TR HIGH YLD CORP   2020-05-26 2020-07-28
122. ISHARES TR HIGH YLD CORP   2020-05-26 2020-07-31
7000. SHIRE ACQ INV IRELAND DA DTD 09/23/2016   2019-06-26 2020-08-10
27000. US TREASURY BILL DTD 8/15/2019 0% 08/13/   2020-05-08 2020-08-13
50. INVESCO DEVELOPING MARKETS FUND   2018-04-18 2020-08-26
19. ADOBE SYS INC   2018-07-06 2020-08-26
35. ALIBABA GROUP HLDG LTD   2018-07-06 2020-08-26
2. AMAZON INC COMMON   2018-07-06 2020-08-26
21. AMERICAN EXPRESS COMPANY   2019-02-06 2020-08-26
253. BANK OF AMER CORP COMMON     2020-08-26
210. COCA COLA COMPANY   2018-07-06 2020-08-26
816. DANONE SPONS ADR     2020-08-26
226. HALLIBURTON COMPANY     2020-08-26
196. ISHARES TR S&P MIDCAP 400/BARRA VALUE   2018-07-06 2020-08-26
95.359 LAZARD EMERGING MARKETS FD INSTL CL   2018-03-23 2020-08-26
104.641 LAZARD EMERGING MARKETS FD INSTL CL   2019-12-04 2020-08-26
41. MONSTER BEVERAGE CORP   2018-07-06 2020-08-26
97. ORACLE SYSTEM CORPORATION   2018-04-18 2020-08-26
49. PAYPAL HOLDINGS INC   2018-07-06 2020-08-26
186. SCHLUMBERGER LTD     2020-08-26
13000. GOLDMAN SACHS GROUP INC DTD 02/25/2016 2     2020-08-28
13000. TORONTO DOMINION BANK DTD 07/13/2016 1.8     2020-09-09
11000. U.S. TREASURY NOTES 2.250% 11/15/27   2019-08-15 2020-09-15
3000. U.S. TREASURY NOTES 2.375% 5/15/29   2020-01-02 2020-09-15
1000. U.S. TREASURY NOTES 2.375% 5/15/29   2019-08-14 2020-09-15
1000. US TREASURY NOTE DTD 08/15/2019 1.625% 0   2020-02-28 2020-09-15
12000. SIMON PROPERTY DTD 06/01/2017 2.625% 06/     2020-10-05
10000. US TREASURY NOTE DTD 2/28/2014 2% 02/28/   2019-05-03 2020-10-07
10000. CITIGROUP INC DTD 10/26/2015 2.65% 10/26   2018-04-25 2020-10-26
4000. PROCTER & GAMBLE CO DTD 03/23/2020 2.45%     2020-10-29
5000. SHIRE ACQ INV IRELAND DA DTD 09/23/2016   2019-06-26 2020-11-13
12000. AT&T INC DTD 02/09/2016 4.125% 02/17/202     2020-11-20
14000. WELLS FARGO & CO DTD 03/29/2011 4.6% 04/   2019-09-10 2020-12-10
.15 COMMERCE BANCSHARES, INC.   2019-12-04 2020-12-31
15000. UNITED STATES TREASURY NOTES DTD 08/15/2020 .625% 08/15/2030   2020-10-07 2021-01-06
12000. PEPSICO INC SR NT 3.000% 08/25/21     2021-02-11
138.307 INVESCO DEVELOPING MARKETS FUND     2021-02-17
4. ALIBABA GROUP HLDG LTD   2018-07-06 2021-02-17
7. AMERIPRISE FINANCIAL INC   2018-04-18 2021-02-17
38. AMGEN INCORPORATED   2018-07-06 2021-02-17
8. AUTOMATIC DATA PROCESSING INC   2018-07-06 2021-02-17
79. BOK FINANCIAL CORPORATION     2021-02-17
15. CABOT OIL AND GAS   2019-11-26 2021-02-17
28. CERNER CORP   2018-07-06 2021-02-17
67. CISCO SYSTEMS   2018-04-18 2021-02-17
27. COCA COLA COMPANY   2018-07-06 2021-02-17
32. COLGATE PALMOLIVE COMPANY   2018-07-06 2021-02-17
6. CULLEN FROST BANKERS INC COM   2018-07-06 2021-02-17
1. DEERE & COMPANY   2018-04-18 2021-02-17
14. EAST WEST BANCORP INC   2018-07-06 2021-02-17
12. EQUITY LIFESTYLE PROPERTIES REIT   2019-02-06 2021-02-17
41. EXPEDITORS INTERNATIONAL   2018-07-06 2021-02-17
11. FACTSET RESH SYS INC   2018-07-06 2021-02-17
6. GENERAL DYNAMICS   2018-04-18 2021-02-17
15. LENNAR CORPORATION COMMON   2018-04-18 2021-02-17
6. MARTIN MARIETTA MATLS COMMON   2018-07-06 2021-02-17
72. MERCK & CO INC     2021-02-17
28. MICROCHIP TECHNOLOGY INC   2018-07-06 2021-02-17
14. MONSTER BEVERAGE CORP   2018-07-06 2021-02-17
10. ORACLE SYSTEM CORPORATION   2018-04-18 2021-02-17
4. PARKER HANNIFIN CORP   2019-02-06 2021-02-17
24. PHILLIPS 66   2018-07-06 2021-02-17
11. PIONEER NAT RES CO COMMON   2018-04-18 2021-02-17
26. PROCTOR AND GAMBLE COMPANY   2018-07-06 2021-02-17
47. SEI INVESTMENTS CO   2018-04-18 2021-02-17
4. STARBUCKS CORPORATIONS COMMON   2018-05-08 2021-02-17
12. SUN COMMUNITIES INC REIT   2019-02-06 2021-02-17
22. YUM! BRANDS, INC. COMMON   2018-04-18 2021-02-17
21. JOHNSON CONTROLS INTERNATIONAL PLC   2018-07-06 2021-02-17
2. MEDTRONIC PLC   2018-07-06 2021-02-17
4. ALCON INC   2019-05-28 2021-02-17
6. CHUBB LTD   2018-04-18 2021-02-17
19000. FED NATL MTG ASSN DTD 02/05/2016 1.375%     2021-02-26
CAPITAL GAIN DIVIDENDS P    
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(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 16,824   16,350 474
b 10,305   9,675 630
c 9,250   8,539 711
d 10,748   9,594 1,154
e 13,300   12,840 460
34,981   34,981  
20,000   20,000  
3,374   9,905 -6,531
8,312   8,223 89
12,067   12,000 67
10,450   10,078 372
3,135   3,106 29
12,628   11,324 1,304
12,991   12,516 475
4,854   4,812 42
12,888   12,198 690
5,037   4,959 78
10,999   10,669 330
10,375   10,013 362
7,153   6,988 165
26,993   26,993  
2,319   2,219 100
9,653   4,702 4,951
10,086   6,695 3,391
6,724   3,427 3,297
2,063   2,174 -111
6,495   7,412 -917
9,979   9,437 542
10,763   13,148 -2,385
3,600   10,678 -7,078
27,804   32,353 -4,549
1,458   1,927 -469
1,600   1,830 -230
3,429   2,393 1,036
5,489   4,589 900
9,922   4,196 5,726
3,524   12,839 -9,315
13,135   12,959 176
13,170   12,855 315
12,381   11,560 821
3,455   3,120 335
1,152   1,064 88
1,089   1,042 47
12,333   11,861 472
10,075   9,983 92
10,000   9,973 27
4,303   4,002 301
5,078   4,991 87
13,953   11,893 2,060
14,176   14,061 115
10   9 1
14,449   14,772 -323
12,177   12,009 168
8,101   6,140 1,961
1,086   765 321
1,533   1,014 519
8,905   7,276 1,629
1,323   1,072 251
6,627   7,721 -1,094
273   243 30
2,051   1,770 281
3,103   3,003 100
1,360   1,213 147
2,520   2,112 408
620   654 -34
317   151 166
967   924 43
741   648 93
3,855   2,941 914
3,451   2,238 1,213
973   1,356 -383
1,313   869 444
1,932   1,369 563
5,432   4,370 1,062
4,617   2,604 2,013
1,289   817 472
619   473 146
1,102   666 436
1,930   2,681 -751
1,508   2,156 -648
3,335   2,065 1,270
2,744   3,322 -578
420   230 190
1,771   1,330 441
2,309   1,922 387
1,134   728 406
236   174 62
291   233 58
986   818 168
19,000   19,000  
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
      3
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       474
b       630
c       711
d       1,154
e       460
       
       
      -6,531
      89
      67
      372
      29
      1,304
      475
      42
      690
      78
      330
      362
      165
       
      100
      4,951
      3,391
      3,297
      -111
      -917
      542
      -2,385
      -7,078
      -4,549
      -469
      -230
      1,036
      900
      5,726
      -9,315
      176
      315
      821
      335
      88
      47
      472
      92
      27
      301
      87
      2,060
      115
      1
      -323
      168
      1,961
      321
      519
      1,629
      251
      -1,094
      30
      281
      100
      147
      408
      -34
      166
      43
      93
      914
      1,213
      -383
      444
      563
      1,062
      2,013
      472
      146
      436
      -751
      -648
      1,270
      -578
      190
      441
      387
      406
      62
      58
      168
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 13,281
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................................ 1 867
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........................... 3 867
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- ..... 5 867
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 540
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.............. 7 540
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 9 327
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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 ofbulletBRANCH BANKING & TRUST COMPANY Telephone no.bullet (919) 716-9314

    Located atbullet434 FAYETTEVILLE ST FL 11RALEIGHNC ZIP+4bullet276012902
    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
    BRANCH BANKING & TRUST COMPANY LEAD TRUSTEE
    1     		40,984    
    434 FAYETTEVILLE ST 11TH FL
    RALEIGH,NC27601
    RAY WARREN TRUSTEE
    1     		0    
    434 FAYETTEVILLE ST 11TH FL
    RALEIGH,NC27601
    RICK CLAYTON TRUSTEE
    1     		0    
    434 FAYETTEVILLE ST 11TH FL
    RALEIGH,NC27601
    TAYLOR GREG POTTER TRUSTEE
    1     		0    
    434 FAYETTEVILLE ST 11TH FL
    RALEIGH,NC27601
    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
    3,570,244
    b
    Average of monthly cash balances.......................
    1b
    70,317
    c
    Fair market value of all other assets (see instructions)................
    1c
    400
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,640,961
    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
    3,640,961
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    54,614
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,586,347
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    179,317
    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
    179,317
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    867
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    867
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    178,450
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    178,450
    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
    178,450
    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
    194,494
    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
    194,494
    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
    194,494
    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 7 178,450
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 174,005
    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$ 194,494
    a Applied to 2019, but not more than line 2a 174,005
    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..... 20,489
    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 ..........     		157,961
    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 e-mail address of the person to whom applications should be addressed:
    MICHELLE MCNAMARA
    434 FAYETTEVILLE ST FL 11
    RALEIGH,NC276012902
    (919) 716-9314
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SUPPORT FOR ANY CORPORATION, COMMUNITY CHEST, FUND, FOUNDATION, OR SIMILAR ENTITY ORGANIZED AND OPERATED EXCLUSIVELY FOR EXEMPT RELIGIOUS EDUCATIONAL OR SCIENTIFIC PURPOSES UNDER CODE SECTION 501(C)(3).
    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
    Center For Scholarship Administration
    4320 WADE HAMPTON BLVD G
    Taylors,SC29687     		NONE PC GENERAL 46,970
    BRUNSWICK TECHNICAL COLLEGE FDN
    PO BOX 30
    SUPPLY,NC28462     		NONE PC GENERAL 42,344
    WAKE TECH FOUNDATION
    9101 FAYETTEVILLE ROAD
    RALEIGH,NC27606     		NONE PC GENERAL 42,344
    FOUNDATION OF WAYNE COMMUNITY COLLEGE
    3000 WAYNE MEMORIAL DRIVE
    GOLDSBORO,NC27533     		NONE PC GENERAL 42,344
    Total .................................bullet 3a 174,002
    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 72,075  
    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 13,281  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    1 102  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   85,458  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    85,458
    (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 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Name of Bond End of Year Book Value End of Year Fair Market Value
    06759W406 BARINGS GLOBAL FLOAT 40,000 40,609
    31420B847 FEDERATED INST HI YL 57,597 58,896
    74441R607 PGIM SH/TRM CORP BD- 56,314 59,151
    3135G0K36 "FED NATL MTG ASSN D 25,810 28,743
    3135G0T94 "FED NATL MTG ASSN D 32,719 34,379
    3135G0ZR7 FED NATL MTG ASSN DT 31,685 34,460
    3137EADB2 FED HOME LOAN MTG CO 39,866 40,789
    9128282A7 US TREASURY NOTE DTD 21,755 22,719
    9128283W8 US TREASURY NOTE DTD 26,118 28,776
    9128285T3 US TREASURY NOTE DTD 12,160 13,074
    9128286A3 US TREASURY NOTE DTD 12,159 13,084
    9128286Z8 US TREASURY NOTE DTD 27,319 28,209
    912828B66 US TREASURY NOTE DTD 8,982 9,646
    912828D56 US TREASURY NOTE DTD 26,831 27,746
    912828G87 US TREASURY NOTE DTD 14,075 14,237
    912828N30 US TREASURY NOTE DTD 19,746 20,718
    912828QN3 US TREASURY NOTE DTD 34,196 34,214
    912828R36 US TREASURY NOTE DTD 10,973 11,448
    912828SV3 US TREASURY NOTE DTD 10,013 10,197
    912828UN8 US TREASURY NOTE DTD 9,932 10,358
    912828V72 US TREASURY NOTE DTD 12,955 13,212
    912828V98 US TREASURY NOTE DTD 9,577 10,735
    912828VS6 US TREASURY NOTE DTD 19,762 21,114
    912828W89 US TREASURY NOTE DTD 25,174 25,483
    912828XG0 US TREASURY NOTE DTD 19,816 20,533
    912828ZQ6 US TREASURY DTD 05/1 12,942 12,111
    9128284N7 US TREASURY BOND DTD 14,256 14,516
    9128285M8 US TREASURY BOND DTD 11,390 12,512
    13063DAD0 CALIFORNIA ST TXBL-H 9,900 10,231
    1995072U7 COLUMBUS OH CITY SCH 20,769 21,611
    25477GCX1 DIST OF COLUMBIA INC 10,316 10,805
    347622CW0 FORT LAUDERDALE FL D 25,270 24,910
    5741925E6 MARYLAND ST BUILD AM 10,429 11,246
    64971XBH0 NEW YORK CITY NY TRA 9,834 10,534
    649907XV9 NEW YORK ST DORM AU 10,090 10,538
    65819WAH6 NORTH CAROLINA ST ES 15,199 15,970
    68609TJU3 OREGON ST TXBL-ARTIC 25,000 27,699
    717096AM3 PFLUGERVILLE TX INDP 24,574 24,277
    91412GD51 UNIV OF CALIFORNIA C 9,939 10,031
    92778VES3 VIRGINIA ST CLG BLDG 19,689 20,778
    00206RJX1 AT&T INC DTD 05/28/2 13,734 13,417
    00287YBF5 ABBVIE INC DTD 9/18/ 13,239 15,047
    025537AJ0 AMERICAN ELECTRIC PO 13,021 14,208
    026874DH7 AMERICAN INTL GROUP 11,767 13,429
    035240AQ3 ANHEUSER-BUSHC INDEV 12,670 14,127
    05526DBB0 BAT CAPITAL CORP DTD 13,557 14,072
    06051GGA1 BANK OF AMERICA CORP 12,379 14,229
    06406RAE7 BANK OF NY MELLON CO 12,901 13,619
    126650DE7 CVS DTD 08/15/2019 2 12,799 12,745
    14040HBF1 CAPITAL ONE FINANCIA 14,197 14,122
    149123CC3 CATERPILLAR INC DTD 12,596 13,004
    20030NBJ9 COMCAST CORP 13,447 14,155
    22822VAR2 CROWN CASTLE INTL CO 13,536 12,817
    26441CAL9 DUKE ENERGY CORP DTD 13,136 14,034
    26884ABA0 ERP OPERATING LP ERP 11,872 12,600
    29273RAQ2 ENERGY TRANSFER PART 10,201 10,286
    313747BA4 FEDERAL REALTY DTD 0 13,998 13,984
    337738AT5 FISERV INC DD 06/24/ 14,020 15,195
    38141GXG4 GOLDMAN SACHS GROUP 12,725 12,444
    436106AA6 HOLLYFRONTIER CORP D 6,847 6,742
    437076BM3 HOME DEPOT INC DTD 0 9,701 10,884
    46625HJH4 JPMORGAN CHASE & CO 12,912 13,708
    49326EEJ8 KEYCORP DTD 9/11/201 13,563 14,578
    49446RAN9 KIMCO REALTY CORP DT 11,903 12,491
    49456BAP6 KINDER MORGAN INC DT 13,621 13,644
    58933YAZ8 MERCK & CO INC DTD 0 14,871 14,431
    594918BJ2 MICROSOFT CORP DTD 1 11,878 13,134
    6174468C6 MORGAN STANLEY DTD 0 25,337 28,066
    670346AP0 NUCOR CORP DTD 04/26 11,888 13,720
    67066GAF1 NVIDIA CORP DTD 03/3 13,613 13,908
    693475AV7 PNC DTD 01/23/2019 3 13,378 14,094
    723787AT4 PIONEER NATURAL RESO 13,029 12,861
    7591EPAQ3 REGIONS FINANCIAL CO 13,957 14,626
    78355HKK4 RYDER SYSTEM INC DTD 13,105 14,100
    824348AW6 SHERWIN-WILLIAMS CO 12,509 14,272
    913017CY3 UNITED TECHNOLOGIES 14,116 14,922
    92277GAN7 VENTAS REALTY LP DTD 12,493 13,620
    927804FK5 VIRGINIA ELEC & POWE 11,925 12,193
    94974BEV8 WELLS FARGO & CO DTD 10,116 10,035
    95000U2G7 WELLS FARGO & CO DTD 14,015 13,705
    06367WMQ3 BANK OF MONTREAL DTD 12,998 13,777
    606822AN4 MITSUBISHI UJF FINAN 12,853 14,610
    822582CD2 SHELL INTERNATIONAL 12,908 13,333
    86562MAM2 SUMITOMO MITSUI FINL 12,921 13,284
    89114QCK2 TORONTO DOMINION BAN 13,961 13,777

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00724F101 ADOBE SYSTEM INC COM 13,949 27,121
    02079K107 ALPHABET INC -CL C C 13,306 24,442
    02079K305 ALPHABET INC -CL A C 13,412 24,263
    023135106 AMAZON.COM INC COMMO 23,674 46,394
    03076C106 AMERIPRISE FINANCIAL 10,755 16,593
    031162100 AMGEN INC COMMON 12,701 15,969
    03662Q105 ANSYS INC COMMON 11,530 22,846
    052769106 AUTODESK INC COMMON 17,388 35,604
    053015103 AUTOMATIC DATA PROCE 2,724 3,828
    060505104 BANK OF AMERICA CORP 7,622 9,406
    097023105 THE BOEING COMPANY C 9,795 12,085
    127097103 CABOT OIL AND GAS 10,241 11,809
    14040H105 CAPITAL ONE FINANCIA 10,924 13,822
    156782104 CERNER CORP COMMON 7,157 8,159
    17275R102 CISCO SYSTEMS INC CO 9,546 9,557
    191216100 THE COCA-COLA CO COM 11,366 12,541
    194162103 COLGATE PALMOLIVE CO 6,304 7,445
    200525103 COMMERCE BANCSHARES, 6,558 7,995
    229899109 CULLEN/FROST BANKERS 6,259 6,160
    235851102 DANAHER CORP COMMON 12,693 27,678
    244199105 DEERE & COMPANY COMM 11,185 26,882
    254687106 THE WALT DISNEY COMP 4,952 7,184
    27579R104 EAST WEST BANCORP IN 9,032 10,247
    29472R108 EQUITY LIFESTYLES PR 5,300 6,042
    302130109 EXPEDITORS INTL WASH 9,468 12,858
    30303M102 FACEBOOK INC-A COMMO 28,007 40,962
    303075105 FACTSET RESEARCH SYS 4,972 7,598
    369550108 GENERAL DYNAMICS COM 12,690 10,462
    437076102 HOME DEPOT INC COMMO 11,875 16,534
    452327109 ILLUMINA INC COM 8,102 10,106
    46120E602 INTUITIVE SURGICAL I 6,290 6,631
    46625H100 JPMORGAN CHASE & CO 9,173 12,657
    526057104 LENNAR CORP COMMON 10,896 16,179
    573284106 MARTIN MARIETTA MATE 9,668 15,159
    594918104 MICROSOFT CORP COMMO 30,155 70,411
    595017104 MICROCHIP TECHNOLOGY 10,868 19,079
    61174X109 MONSTER BEVERAGE COR 12,444 18,864
    67066G104 NVIDIA CORP COMMON 9,507 34,561
    68389X105 ORACLE CORP COMMON 15,763 21,869
    688239201 OSHKOSH TRUCK B CL B 12,272 17,066
    693506107 PPG INDUSTRIES INC C 11,338 14,156
    701094104 PARKER HANNIFIN CORP 10,096 17,792
    70450Y103 PAYPAL HOLDINGS INC 7,605 24,166
    718546104 PHILLIPS 66 COMMON 10,537 8,637
    723787107 PIONEER NATURAL RESO 8,649 7,280
    742718109 PROCTER & GAMBLE CO 8,421 13,218
    747525103 QUALCOMM INC COMMON 11,541 27,783
    749685103 RPM INC COMMON 9,932 9,238
    75886F107 REGENERON PHARMACUET 14,668 18,023
    784117103 SEI INVESTMENTS COMP 9,316 7,896
    79466L302 SALESFORCE.COM INC I 21,667 17,104
    855244109 STARBUCKS CORP COMMO 6,667 14,584
    866674104 SUN CMNTYS INC COM 4,573 6,230
    90184L102 TWITTER INC COMMON 9,872 22,347
    902494103 TYSON FOODS INC INC. 12,484 9,474
    92220P105 VARIAN MED SYS INC C 4,690 6,836
    92826C839 VISA INC CLASS A SHA 25,288 41,628
    931427108 WALGREENS BOOTS ALLI 8,795 6,518
    98138H101 WORKDAY INC COMMON 6,486 7,601
    988498101 YUM! BRANDS INC COMM 5,383 6,833
    98850P109 YUM CHINA HOLDINGS I 5,721 8,796
    01609W102 ALIBABA GROUP HOLDIN 20,752 26,629
    606822104 MITSUBISHI UJF FINAN 7,337 6,337
    66987V109 NOVARTIS A G ADR 13,829 17,010
    670100205 NOVO-NORDISK A S ADR 12,589 18,454
    771195104 ROCHE HOLDING LTD AD 10,466 11,149
    835699307 SONY CORPORATION AME 9,722 21,268
    904767704 UNILEVER PLC-SPONSOR 9,869 9,058
    G0176J109 ALLEGION PUB LTD CO 12,985 11,639
    G51502105 JOHNSON CONTROLS INT 9,200 14,840
    G5960L103 MEDTRONIC PLC COMMON 10,680 14,972
    H01301128 ALCON INC 10,222 12,449
    H1467J104 CHUBB LIMITED PROSPE 8,369 10,243

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00143W859 INVESCO OPPENHEIMER AT COST 47,410 60,796
    412295107 HARDING LOEVNER INTE AT COST 248,782 312,514
    52106N889 LAZARD EMERGING MKTS AT COST 57,676 57,191
    464287606 ISHARES S&P MIDCAP 4 AT COST 164,433 226,489
    464287705 ISHARES S&P MIDCAP 4 AT COST 131,245 159,145
    464287804 ISHARES S&P SMALLCAP AT COST 98,930 128,630
    464288877 ISHARES MSCI EAFE VA AT COST 243,279 229,163

    TY 2020 OtherAssetsSchedule
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    VL0029553 10588 FALLS OF NEUSE   400 400


    TY 2020 OtherDecreasesSchedule
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 10
    2020 TRANSACTION POSTED IN 2021 470
    COST BASIS ADJUSTMENT 51


    TY 2020 OtherExpensesSchedule
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 74 74   0
    REAL ESTATE EXPENSE ON NON-REN 169 169   0


    TY 2020 TaxesSchedule
    Name:
    WILLIAM GASTON ALLEN FOUNDATION TR
    EIN:
    35-7201867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 650 650   0
    FEDERAL TAX PAYMENT - PRIOR YE 194 0   0
    FEDERAL ESTIMATES - PRINCIPAL 540 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,253 1,253   0