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
BAILEY ENDOWMENT INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 10788
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27605
A Employer identification number

56-1802700
B Telephone number (see instructions)

(919) 749-5254
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$309,994J 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 852 852 852
4 Dividends and interest from securities... 61,097 61,097 61,097
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 60,166
b Gross sales price for all assets on line 6a 2,013,423
7 Capital gain net income (from Part IV, line 2)... 60,332
8 Net short-term capital gain......... 18,639
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)....... Click to see attachment -1,553 -1,566 -1,553
12 Total. Add lines 1 through 11........ 120,562 120,715 79,035
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,120 225    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,891 1,891    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 43,312 30,474    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,323 32,590   0
25 Contributions, gifts, grants paid....... 214,500 214,500
26 Total expenses and disbursements. Add lines 24 and 25 262,823 32,590   214,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -142,261
b Net investment income (if negative, enter -0-) 88,125
c Adjusted net income (if negative, enter -0-)... 79,035
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............. 12,620 27,091 27,091
2 Savings and temporary cash investments......... 161,807 282,351 282,351
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 1,781 552 552
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,134,785 Click to see attachment2,858,540  
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,891 Click to see attachment27,089  
14 Land, buildings, and equipment: basis bullet1,307
Less: accumulated depreciation (attach schedule) bullet1,307      
15 Other assets (describe bullet) Click to see attachment2,451 Click to see attachment2,451  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,340,335 3,198,074 309,994
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 3,340,335 3,198,074
29 Total net assets or fund balances (see instructions)..... 3,340,335 3,198,074
30 Total liabilities and net assets/fund balances (see instructions). 3,340,335 3,198,074
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
3,340,335
2
Enter amount from Part I, line 27a .....................
2
-142,261
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,198,074
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,198,074
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 ABBOTT LABS P 2020-04-24 2020-08-05
b AUTOZONE INC P 2019-08-28 2020-08-05
c EATON VANCE FLOATING RATE P 2020-05-22 2020-10-26
d J P MORGAN CHASE & CO P 2020-03-11 2020-08-05
e NORTHERN MULTI-MANAGER P 2019-10-29 2020-10-26
PIONEER NAT RES CO COM P 2020-03-24 2020-08-05
STRYKER CORP COM P 2019-06-05 2020-03-03
AMERICAN EXPRESS CO COM P 2018-06-14 2020-08-05
BEST BUY INC COM P 2018-03-27 2020-08-17
CHEVRON CORP P 2014-06-13 2020-03-24
COHEN & STEERS REALTY SHARES I P 2018-06-21 2020-10-26
EXXON MOBIL CORP COM P 2013-04-03 2020-03-24
HOME DEPOT INC COM P 2017-12-22 2020-08-17
KIMBERLY CLARK CORP COM P 2016-09-26 2020-08-05
MICROSOFT CORP COM P 2015-05-22 2020-03-24
PGIM TOTAL RETURN BOND FUND CL R6 P 2018-04-23 2020-12-04
ROYAL CARRIBEAN CRUISES LTD COM P 2014-03-12 2020-02-18
T-MOBILE US INC P 2018-09-28 2020-05-19
WASTE MGMT INC DEL P 2018-06-14 2020-08-05
ABBVIE INC P 2020-05-19 2020-08-05
AUTOZONE INC P 2019-08-28 2020-08-17
EVERSOURCE ENERGY P 2019-12-19 2020-08-17
KIMBERLY CLARK CORP COM P 2019-10-22 2020-08-05
NORTHROP GRUMMAN CORP P 2020-04-24 2020-06-23
PROLOGIS INC P 2020-03-03 2020-08-05
T-MOBILE US INC P 2020-06-26 2020-06-29
AMERICAN EXPRESS CO COM P 2018-06-14 2020-10-22
BLACKROCK FDS II STRG OPP INSTL P 2013-05-06 2020-05-22
CHEVRON CORP P 2017-12-22 2020-03-24
COMCAST CORP CL A P 2017-12-22 2020-05-19
EXXON MOBIL CORP COM P 2013-04-03 2020-03-24
HOME DEPOT INC COM P 2017-12-22 2020-08-17
KIMBERLY CLARK CORP COM P 2016-09-26 2020-08-05
MICROSOFT CORP COM P 2015-05-22 2020-08-05
PGIM TOTAL RETURN BOND FUND CL R6 P 2019-01-14 2020-12-04
ROYAL CARRIBEAN CRUISES LTD COM P 2018-12-19 2020-02-18
T-MOBILE US INC P 2018-09-27 2020-08-05
WASTE MGMT INC DEL P 2018-06-14 2020-08-05
ACCENTURE PLC P 2019-03-18 2020-03-03
AVERY DENNISON CORP P 2019-10-22 2020-08-05
EVERSOURCE ENERGY P 2019-12-19 2020-08-17
LAM RESH CORP P 2019-08-28 2020-03-03
NORTHROP GRUMMAN CORP P 2020-03-11 2020-06-24
QORVO INC P 2020-06-23 2020-08-05
THERMO FISHER SCIENTIFIC INC P 2019-06-05 2020-03-03
AMERICAN TOWER CORPORATION P 2016-12-15 2020-08-05
BLACKROCK FDS II STRG OPP INSTL P 2014-12-15 2020-05-22
CHEVRON CORP P 2017-12-22 2020-03-24
COMCAST CORP CL A P 2017-12-22 2020-05-19
EXXON MOBIL CORP COM P 2016-11-30 2020-03-24
HOTCHKIS & WILEY HIGH YIELD I P 2012-07-30 2020-06-23
KIMBERLY CLARK CORP COM P 2017-12-22 2020-08-05
MORGAN STANLEY COM NEW P 2016-11-30 2020-08-05
PGIM TOTAL RETURN BOND FUND CL R6 P 2019-06-17 2020-12-04
STARWOOD PPTY TR INC P 2016-12-15 2020-04-24
T-MOBILE US INC P 2018-09-28 2020-08-05
WASTE MGMT INC DEL P 2018-06-14 2020-08-17
ACTIVISION BLIZZARD INC P 2020-04-24 2020-08-05
BANK OF AMERICA CORP P 2020-03-11 2020-08-05
FIDELITY NATL INFORMATION P 2019-08-28 2020-03-03
LAM RESH CORP P 2019-08-28 2020-06-23
NORTHTOP GRUMMAN CORP P 2020-04-24 2020-06-24
RAYTHEON COMPANY P 2019-03-18 2020-03-11
THERMO FISHER SCIENTIFIC INC P 2019-06-05 2020-03-11
AMERICAN TOWER CORPORATION P 2016-12-15 2020-08-05
BLACKROCK FDS II STRG OPP INSTL P 2014-12-15 2020-05-22
CISCO SYSTEMS COM P 2018-03-27 2020-03-03
COMCAST CORP CL A P 2018-09-27 2020-05-19
EXXON MOBIL CORP COM P 2016-11-30 2020-03-24
HOTCHKIS & WILEY HIGH YIELD I P 2012-07-30 2020-06-23
LITMAN GREGORY MASTERS P 2014-07-14 2020-10-26
MORGAN STANLEY COM NEW P 2016-12-02 2020-08-05
PGIM TOTAL RETURN BOND FUND CL R6 P 2019-11-13 2020-12-04
STARWOOD PPTY TR INC P 2016-12-15 2020-04-24
THERMO FISHER SCIENTIFIC INC P 2019-06-05 2020-08-05
WELLS FARGO COMPANY P 2017-12-19 2020-12-31
ADOBE SYS INC P 2020-03-03 2020-06-23
BANK OF NEW YORK MELLON CORP P 2020-04-24 2020-08-05
FIDELITY NATL INFORMATION P 2019-08-28 2020-05-19
LAM RESH CORP P 2019-08-28 2020-08-05
ONEOK INC NEW COM P 2020-04-27 2020-08-05
REGENERON PHARMACEUTICALS INC P 2020-03-03 2020-05-19
THERMO FISHER SCIENTIFIC INC P 2020-06-23 2020-08-05
AMGEN INC COM P 2013-04-03 2020-08-05
BLACKROCK FDS II STRG OPP INSTL P 2017-12-19 2020-05-22
CISCO SYSTEMS COM P 2018-03-27 2020-03-03
COMCAST CORP CL A P 2013-11-27 2020-08-05
FACEBOOK INC P 2017-12-22 2020-03-03
HOTCHKIS & WILEY HIGH YIELD I P 2017-09-05 2020-06-23
LITMAN GREGORY MASTERS P 2016-12-14 2020-10-26
MORGAN STANLEY COM NEW P 2016-12-02 2020-08-05
PRIMECAP ODYSSEY FUNDS P 2018-10-03 2020-03-05
STARWOOD PPTY TR INC P 2016-12-15 2020-04-24
UNITEDHEALTH GROUP INC P 2016-06-02 2020-08-05
WELLS FARGO FDS TR P 2017-12-19 2020-05-22
ADOBE SYS INC P 2020-03-03 2020-08-05
BORG-WARNER AUTOMOTIVE INC P 2020-06-23 2020-08-05
FIDELITY NATL INFORMATION P 2019-08-28 2020-08-05
LAM RESH CORP P 2019-08-28 2020-08-17
ONEOK INC NEW COM P 2020-04-27 2020-08-17
REGENERON PHARMACEUTICALS INC P 2020-03-03 2020-08-05
UNITEDHEALTH GROUP INC P 2019-06-05 2020-03-11
AMGEN INC COM P 2019-06-05 2020-08-05
BLACKROCK FDS II STRG OPP INSTL P 2017-12-19 2020-10-26
CITIZENS FINL GROUP INC P 2016-11-30 2020-03-11
COMCAST CORP CL A P 2018-09-27 2020-08-05
FACEBOOK INC P 2016-08-09 2020-06-23
HOTCHKIS & WILEY HIGH YIELD I P 2019-06-17 2020-06-23
LITMAN GREGORY MASTERS P 2016-12-14 2020-10-26
NORFOLK SOUTHERN CORP COM P 2018-06-15 2020-03-03
PRIMECAP ODYSSEY FUNDS P 2018-10-03 2020-03-05
STARWOOD PPTY TR INC P 2016-12-15 2020-04-24
UNITEDHEALTH GROUP INC P 2019-06-05 2020-08-05
WELLS FARGO FDS TR P 2017-12-19 2020-05-22
AKAMAI TECHNOLOGIES INC P 2020-03-03 2020-05-19
CADENCE DESIGN SYS INC P 2020-05-19 2020-08-05
HARBOR CAPITAL APPRECIATION P 2020-03-05 2020-10-26
LEIDOS HLDGS INC P 2020-04-24 2020-08-05
PACKAGING CORP AMER P 2020-08-17 2020-11-27
REGENERON PHARMACEUTICALS INC P 2020-03-03 2020-08-17
UNITEDHEALTH GROUP INC P 2020-03-03 2020-03-11
APPLE INC COM P 2013-06-26 2020-03-24
BLACKROCK FDS II STRG OPP INSTL P 2017-12-19 2020-10-26
CITIZENS FINL GROUP INC P 2016-12-01 2020-03-11
D R HORTON INC COM P 2015-08-21 2020-06-23
FACEBOOK INC P 2017-12-22 2020-06-23
INTEL CORP COM P 2017-08-29 2020-03-24
LITMAN GREGORY MASTERS P 2017-03-28 2020-10-26
NORFOLK SOUTHERN CORP COM P 2018-06-15 2020-08-05
PRIMECAP ODYSSEY FUNDS P 2019-01-14 2020-03-05
STARWOOD PPTY TR INC P 2017-12-22 2020-04-24
VANGUARD EXTENDED MARKET ETF P 2018-07-16 2020-04-17
WELLS FARGO FDS TR P 2019-01-14 2020-05-22
AKAMAI TECHNOLOGIES INC P 2020-03-03 2020-08-05
CISCO SYSTEMS COM P 2019-08-28 2020-03-03
HARBOR CAPITAL APPRECIATION P 2020-08-05 2020-10-26
LOCKHEED MARTIN CORP COM P 2020-03-11 2020-08-05
PARKER HANNIFIN CORP COM P 2020-06-23 2020-08-05
REGENERON PHARMACEUTICALS INC P 2020-03-03 2020-10-22
VANGUARD TOTAL BOND MARKET INDEX P 2020-06-23 2020-12-04
APPLE INC COM P 2013-06-26 2020-08-05
BRISTOL MYERS SQUIBB CO COM P 2018-09-06 2020-03-03
CITIZENS FINL GROUP INC P 2016-12-01 2020-03-11
D R HORTON INC COM P 2018-12-19 2020-06-23
FACEBOOK INC P 2016-08-09 2020-08-05
INTEL CORP COM P 2017-08-29 2020-08-05
MARATHON PETROLEUM CORP P 2019-01-07 2020-03-24
NORFOLK SOUTHERN CORP COM P 2018-06-15 2020-08-05
PRINCIPAL SHORT TERM INCOME P 2016-12-14 2020-12-04
STARWOOD PPTY TR INC P 2017-12-22 2020-04-24
VANGUARD EXTENDED MARKET ETF P 2018-07-16 2020-10-26
ZEBRA TECHNOLOGIES CORP CL A COM P 2018-12-19 2020-05-19
AKAMAI TECHNOLOGIES INC P 2020-03-03 2020-11-27
COHEN & STEERS REALTY SHARES P 2019-10-29 2020-05-22
HILL ROM HLDGS P 2019-06-05 2020-04-24
LOCKHEED MARTIN CORP COM P 2020-06-23 2020-08-05
PARKER HANNIFIN CORP COM P 2020-06-23 2020-11-27
ROYAL CARRIBEAN CRUISES LTD COM P 2019-08-28 2020-02-18
VANGUARD TOTAL BOND MARKET INDEX P 2020-10-26 2020-12-04
APPLE INC COM P 2013-06-26 2020-08-05
BRISTOL MYERS SQUIBB CO COM P 2018-09-06 2020-08-05
CITIZENS FINL GROUP INC P 2016-12-02 2020-03-11
D R HORTON INC COM P 2015-08-21 2020-08-05
FACEBOOK INC P 2016-08-09 2020-08-05
INTEL CORP COM P 2017-08-29 2020-08-17
MARATHON PETROLEUM CORP P 2019-03-18 2020-03-24
NORTHERN MULTI-MANAGER GLOBAL P 2018-07-16 2020-05-22
PRINCIPAL SHORT TERM INCOME P 2016-12-14 2020-12-04
STRYKER CORP COM P 2016-06-02 2020-03-03
VANGUARD MSCI EAFE ETF RIC P 2015-05-07 2020-05-22
ZEBRA TECHNOLOGIES CORP CL A COM P 2018-12-19 2020-06-23
AMAZON P 2020-03-03 2020-08-05
CONOCOPHILLIPS P 2020-03-24 2020-08-05
HILL ROM HLDGS P 2019-08-28 2020-04-24
MONDELEZ INTL INC CL A P 2019-08-28 2020-08-05
PAYPAL HLDGS INC P 2020-05-19 2020-08-05
SPDR GOLD TRUST P 2020-05-22 2020-10-26
VERIZON COMMUNICATIONS P 2020-05-19 2020-08-05
BANK OF AMERICA CORP P 2016-09-26 2020-08-05
CDW CORP P 2014-11-25 2020-06-23
CITIZENS FINL GROUP INC P 2016-12-02 2020-03-11
D R HORTON INC COM P 2015-08-21 2020-08-17
FIDELITY EMERGING MARKETS INDEX FUND P 2019-01-16 2020-05-22
INTEL CORP COM P 2017-08-29 2020-08-17
MASTERCARD INC P 2017-09-28 2020-05-19
NORTHERN MULTI-MANAGER GLOBAL P 2018-06-21 2020-10-26
PRINCIPAL SHORT TERM INCOME P 2018-05-17 2020-12-04
STRYKER CORP COM P 2016-06-02 2020-03-03
VANGUARD TOTAL BOND MARKET INDEX ADM P 2017-09-05 2020-01-03
ZEBRA TECHNOLOGIES CORP CL A COM P 2018-12-19 2020-08-05
AON PLC SHS CL A QDI P 2020-03-24 2020-08-05
CONOCOPHILLIPS P 2020-03-24 2020-08-17
HUBBELL INC P 2020-03-03 2020-04-24
NEXTERA ENERGY INC P 2019-10-22 2020-03-03
PEPSICO INC COM P 2020-03-11 2020-08-05
SPDR GOLD TRUST P 2020-04-17 2020-12-31
ZEBRA TECHNOLOGIES CORP CL A COM P 2019-06-05 2020-03-03
BANK OF AMERICA CORP P 2018-12-19 2020-08-05
CDW CORP P 2014-11-25 2020-08-05
CITIZENS FINL GROUP INC P 2017-08-30 2020-03-11
DELTA AIR LINES INC P 2018-03-27 2020-03-03
FIDELITY EMERGING MARKETS INDEX FUND P 2019-01-16 2020-08-05
INVESCO OPPENHEIMER P 2017-09-07 2020-08-05
MASTERCARD INC P 2017-09-28 2020-08-05
NORTHERN MULTI-MANAGER GLOBAL P 2018-06-21 2020-10-28
PRINCIPAL SHORT TERM INCOME P 2019-01-14 2020-12-04
SYSCO CORP COM P 2016-09-26 2020-03-11
VANGUARD TOTAL BOND MARKET INDEX ADM P 2017-12-19 2020-01-03
APPLE INC P 2020-03-03 2020-03-24
DELTA AIR LINES INC P 2019-03-18 2020-03-05
INTEL CORP COM P 2019-06-05 2020-03-24
NEXTERA ENERGY INC P 2019-10-22 2020-08-05
PEPSICO INC COM P 2020-03-11 2020-08-26
SPDR GOLD TRUST P 2020-05-22 2020-12-31
ZEBRA TECHNOLOGIES CORP CL A COM P 2019-06-05 2020-05-19
BARINGS ACTIVE SHORT DURATION BD Y P 2018-10-12 2020-05-22
CDW CORP P 2014-11-25 2020-08-05
CITIZENS FINL GROUP INC P 2017-08-30 2020-03-11
DELTA AIR LINES INC P 2018-03-27 2020-03-05
FIDELITY NATL INFORMATION P 2019-08-28 2020-11-27
INVESCO OPPENHEIMER P 2017-12-19 2020-08-05
MASTERCARD INC P 2017-09-28 2020-08-05
ONEOK INC NEW COM P 2018-06-15 2020-03-11
PROLOGIS INC P 2016-02-04 2020-08-05
SYSCO CORP COM P 2016-09-26 2020-03-11
VISA INC CL A P 2018-09-06 2020-05-19
APPLE INC P 2020-06-23 2020-08-05
DISNEY WALT CO P 2019-06-05 2020-03-03
ISHARES S&P 100 INDEX FUND P 2020-04-17 2020-10-26
NORFOLK SOUTHERN CORP COM P 2019-08-28 2020-03-03
PGIM TOTAL RETURN BOND FUND P 2019-10-29 2020-04-07
STERIS LC SHS SEDOL P 2020-03-03 2020-08-05
ACCENTURE PLC CLAS A QDI P 2019-03-18 2020-04-24
BEST BUY INC COM P 2018-03-27 2020-03-03
CHEVRON CORP P 2013-09-05 2020-03-24
CITIZENS FINL GROUP INC P 2018-12-19 2020-03-11
DELTA AIR LINES INC P 2018-03-27 2020-03-05
FIDELITY NATL INFORMATION P 2019-10-22 2020-11-27
INVESCO OPPENHEIMER P 2017-12-19 2020-08-05
MERCK & CO INC P 2019-01-07 2020-08-05
ONEOK INC NEW COM P 2018-06-15 2020-03-11
PROLOGIS INC P 2016-02-03 2020-08-17
SYSCO CORP COM P 2018-12-19 2020-03-11
VISA INC CL A P 2018-09-06 2020-08-05
AT&T INC P 2020-03-03 2020-08-05
DISNEY WALT CO P 2019-06-05 2020-04-24
ISHARES S&P SILVER TR P 2020-10-26 2020-12-31
NORTHERN MULTI-MANAGER P 2019-10-29 2020-05-22
PGIM TOTAL RETURN BOND FUND P 2019-11-13 2020-04-17
STORE CAP CORP P 2019-10-22 2020-03-03
ALPHABET INC CAP STK CL A P 2015-09-25 2020-08-05
BEST BUY INC COM P 2018-03-27 2020-08-05
CHEVRON CORP P 2013-10-15 2020-03-24
COHEN & STEERS REALTY SHARES I P 2018-06-21 2020-05-22
EATON CORP PLC SHS QDI P 2019-03-18 2020-08-05
HOME DEPOT INC COM P 2017-12-22 2020-06-23
INVESCO OPPENHEIMER P 2018-03-28 2020-08-05
MERCK & CO INC P 2019-06-05 2020-08-05
PACKAGING CORP AMER P 2016-09-26 2020-08-05
PROLOGIS INC P 2016-02-04 2020-08-17
T-MOBILE US INC P 2018-09-28 2020-03-03
VISA INC CL A P 2018-09-06 2020-08-05
AT&T INC P 2020-03-03 2020-11-27
DISNEY WALT CO P 2019-10-22 2020-04-24
J P MORGAN CHASE & CO P 2019-03-18 2020-03-03
NORTHERN MULTI-MANAGER P 2020-01-03 2020-05-22
PIONEER NAT RES CO COM P 2020-03-24 2020-05-19
STORE CAP CORP P 2019-10-22 2020-03-24
ALPHABET INC CAP STK CL A P 2019-06-05 2020-08-05
BEST BUY INC COM P 2018-03-27 2020-08-17
CHEVRON CORP P 2013-10-15 2020-03-24
COHEN & STEERS REALTY SHARES I P 2018-06-21 2020-10-26
EATON CORP PLC SHS QDI P 2019-03-18 2020-08-17
HOME DEPOT INC COM P 2017-12-22 2020-08-05
J P MORGAN CHASE & CO P 2016-02-03 2020-08-05
METLIFE INC P 2019-01-07 2020-03-24
PACKAGING CORP AMER P 2019-06-05 2020-08-05
ROYAL CARRIBEAN CRUISES LTD COM P 2014-03-12 2020-02-18
T-MOBILE US INC P 2018-09-28 2020-05-19
WAL MART STORES INC COM P 2018-09-06 2020-08-05
(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 3,151   2,883 268
b 3,594   3,281 313
c 22,642   21,419 1,223
d 1,746   1,764 -18
e 19,773   21,200 -1,427
2,267   1,492 775
186   188 -2
2,930   3,090 -160
663   413 250
384   762 -378
34,033   38,142 -4,109
904   2,356 -1,452
288   188 100
1,553   1,261 292
1,030   330 700
26,474   24,908 1,566
3,226   1,469 1,757
886   635 251
2,722   2,090 632
1,973   1,885 88
2,409   2,187 222
3,361   3,181 180
1,708   1,436 272
1,545   1,688 -143
2,734   2,316 418
19     19
2,392   2,293 99
3,534   3,725 -191
192   376 -184
923   978 -55
1,251   3,262 -2,011
575   375 200
155   126 29
4,476   990 3,486
23,954   22,297 1,657
1,780   1,698 82
1,506   985 521
109   84 25
1,088   1,000 88
2,314   2,377 -63
790   753 37
1,738   1,196 542
5,441   5,763 -322
1,184   1,015 169
2,166   1,916 250
1,284   531 753
984   1,036 -52
128   250 -122
731   774 -43
209   528 -319
6,101   7,299 -1,198
932   724 208
348   290 58
89,711   87,576 2,135
511   998 -487
2,152   1,411 741
5,341   4,013 1,328
2,882   2,246 636
2,273   2,086 187
1,139   1,087 52
953   598 355
302   338 -36
7,700   8,408 -708
1,445   1,369 76
1,027   425 602
6,462   6,804 -342
2,751   3,037 -286
615   566 49
243   616 -373
13,556   16,217 -2,661
7,282   7,289 -7
1,989   1,663 326
15,768   15,645 123
256   499 -243
2,517   1,643 874
40     40
1,770   1,391 379
2,665   2,656 9
1,918   1,902 16
4,597   2,391 2,206
447   406 41
3,947   3,208 739
1,259   1,069 190
2,181   945 1,236
9,235   9,491 -256
3,589   3,961 -372
2,256   1,313 943
939   886 53
7,144   8,423 -1,279
46,681   46,479 202
1,690   1,413 277
88,960   101,736 -12,776
812   1,583 -771
3,094   1,358 1,736
8,253   11,073 -2,820
3,629   2,782 847
1,088   990 98
2,925   2,717 208
759   399 360
818   757 61
1,908   1,375 533
1,125   979 146
1,697   1,228 469
9,847   9,699 148
474   669 -195
255   212 43
975   503 472
20,484   22,870 -2,386
8,823   8,785 38
1,061   923 138
68,698   78,564 -9,866
956   1,864 -908
619   489 130
3,461   4,644 -1,183
1,081   996 85
2,535   1,984 551
36,002   26,012 9,990
2,961   3,306 -345
788   598 190
1,246   917 329
1,125   1,044 81
241   57 184
11,089   10,922 167
213   307 -94
397   218 179
731   531 200
159   104 55
5,453   5,463 -10
1,552   1,230 322
42,478   41,580 898
756   1,470 -714
52,502   64,497 -11,995
18,288   21,076 -2,788
3,765   3,077 688
1,635   1,902 -267
41,443   39,400 2,043
769   717 52
2,961   2,943 18
2,293   1,833 460
67,826   67,826  
2,185   515 1,670
1,525   1,591 -66
166   238 -72
1,304   846 458
3,506   1,761 1,745
2,243   1,599 644
1,196   4,112 -2,916
970   769 201
26,875   25,934 941
890   1,730 -840
37,499   33,767 3,732
243   164 79
6,143   5,340 803
37,953   51,156 -13,203
5,182   4,647 535
2,307   2,236 71
1,091   736 355
2,225   2,024 201
182,488   182,331 157
3,060   397 2,663
3,694   3,793 -99
1,325   1,911 -586
4,208   1,930 2,278
250   126 124
442   313 129
290   978 -688
2,836   3,298 -462
40,367   38,952 1,415
2,424   1,463 961
26,960   30,859 -3,899
783   493 290
6,385   3,788 2,597
2,105   1,658 447
4,844   4,565 279
3,270   3,230 40
3,461   2,523 938
20,522   18,747 1,775
1,497   1,437 60
429   262 167
1,050   315 735
1,160   1,673 -513
735   311 424
35,699   39,719 -4,020
4,817   3,406 1,411
2,952   1,401 1,551
9,146   9,721 -575
12,082   11,562 520
5,408   3,264 2,144
15,502   15,181 321
3,726   2,136 1,590
2,577   2,079 498
2,048   1,537 511
3,837   4,322 -485
1,065   949 116
2,730   2,611 119
142   130 12
845   720 125
733   710 23
1,852   560 1,292
402   573 -171
2,130   2,545 -415
39,400   35,650 3,750
8,086   7,416 670
1,960   841 1,119
9,452   10,047 -595
14,483   13,860 623
2,897   2,498 399
6,116   5,902 214
1,207   1,207  
727   820 -93
2,017   1,712 305
3,397   2,846 551
4,841   4,569 272
37   34 3
1,700   1,261 439
35,699   38,051 -2,352
1,389   420 969
331   472 -141
1,318   1,604 -286
4,009   3,668 341
5,161   4,799 362
980   420 560
948   1,694 -746
526   197 329
2,897   2,498 399
3,659   2,725 934
1,748   1,479 269
4,746   5,547 -801
52,697   44,541 8,156
1,415   1,370 45
20,312   21,205 -893
3,003   3,086 -83
7,844   7,499 345
1,453   1,307 146
448   851 -403
1,468   1,850 -382
3,364   4,094 -730
1,336   1,139 197
6,561   6,100 461
2,044   1,896 148
1,822   3,258 -1,436
1,349   509 840
738   836 -98
1,961   1,434 527
2,116   2,561 -445
2,804   3,788 -984
24   24  
209   241 -32
47,394   49,379 -1,985
2,220   2,571 -351
2,970   1,290 1,680
4,529   3,096 1,433
832   1,538 -706
2,187   2,621 -434
2,891   2,381 510
1,007   751 256
9,743   9,434 309
1,227   1,229 -2
1,444   1,230 214
519   197 322
981   776 205
785   574 211
3,615   4,509 -894
901   1,195 -294
1,166   1,066 100
13,310   15,723 -2,413
638   475 163
1,296   2,802 -1,506
1,483   1,055 428
885   550 335
1,152   2,129 -977
5,736   6,428 -692
7,471   5,872 1,599
3,739   2,628 1,111
1,261   738 523
4,803   7,578 -2,775
674   653 21
3,226   1,469 1,757
984   706 278
3,623   2,694 929
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       268
b       313
c       1,223
d       -18
e       -1,427
      775
      -2
      -160
      250
      -378
      -4,109
      -1,452
      100
      292
      700
      1,566
      1,757
      251
      632
      88
      222
      180
      272
      -143
      418
      19
      99
      -191
      -184
      -55
      -2,011
      200
      29
      3,486
      1,657
      82
      521
      25
      88
      -63
      37
      542
      -322
      169
      250
      753
      -52
      -122
      -43
      -319
      -1,198
      208
      58
      2,135
      -487
      741
      1,328
      636
      187
      52
      355
      -36
      -708
      76
      602
      -342
      -286
      49
      -373
      -2,661
      -7
      326
      123
      -243
      874
      40
      379
      9
      16
      2,206
      41
      739
      190
      1,236
      -256
      -372
      943
      53
      -1,279
      202
      277
      -12,776
      -771
      1,736
      -2,820
      847
      98
      208
      360
      61
      533
      146
      469
      148
      -195
      43
      472
      -2,386
      38
      138
      -9,866
      -908
      130
      -1,183
      85
      551
      9,990
      -345
      190
      329
      81
      184
      167
      -94
      179
      200
      55
      -10
      322
      898
      -714
      -11,995
      -2,788
      688
      -267
      2,043
      52
      18
      460
       
      1,670
      -66
      -72
      458
      1,745
      644
      -2,916
      201
      941
      -840
      3,732
      79
      803
      -13,203
      535
      71
      355
      201
      157
      2,663
      -99
      -586
      2,278
      124
      129
      -688
      -462
      1,415
      961
      -3,899
      290
      2,597
      447
      279
      40
      938
      1,775
      60
      167
      735
      -513
      424
      -4,020
      1,411
      1,551
      -575
      520
      2,144
      321
      1,590
      498
      511
      -485
      116
      119
      12
      125
      23
      1,292
      -171
      -415
      3,750
      670
      1,119
      -595
      623
      399
      214
       
      -93
      305
      551
      272
      3
      439
      -2,352
      969
      -141
      -286
      341
      362
      560
      -746
      329
      399
      934
      269
      -801
      8,156
      45
      -893
      -83
      345
      146
      -403
      -382
      -730
      197
      461
      148
      -1,436
      840
      -98
      527
      -445
      -984
       
      -32
      -1,985
      -351
      1,680
      1,433
      -706
      -434
      510
      256
      309
      -2
      214
      322
      205
      211
      -894
      -294
      100
      -2,413
      163
      -1,506
      428
      335
      -977
      -692
      1,599
      1,111
      523
      -2,775
      21
      1,757
      278
      929
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 60,332
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 18,639
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 1,225
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  
3 Add lines 1 and 2........................... 3 1,225
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,225
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,777
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,777
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 552
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet552 RefundedBullet 11  
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 addressbulletN/A
    14
    The books are in care ofbulletWILLIAM KNIGHT - EXECUTIVE DIRECTOR Telephone no.bullet (919) 749-5254

    Located atbulletPO BOX 10788RALEIGHNC ZIP+4bullet27605
    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
     
     
    ........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
     
     
    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
    HOYT G TESSNER PRESIDENT
    000.00     		0 0 0
    2105 PRESCOTT PLACE
    RALEIGH,NC27615
    MELANIE KNIGHT VP
    000.00     		0 0 0
    4017 LAKE POINT CIRCLE
    RALEIGH,NC27606
    CYNTHIA BUCKINGHAM VP
    000.00     		0 0 0
    7540 DRAYTON COURT
    RALEIGH,NC27615
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    2,978,673
    b
    Average of monthly cash balances.......................
    1b
    275,938
    c
    Fair market value of all other assets (see instructions)................
    1c
    27,089
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,281,700
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,281,700
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    49,226
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,232,474
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    161,624
    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
    161,624
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,225
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,225
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    160,399
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    160,399
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    160,399
    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
    214,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    214,500
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    214,500
    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 7 160,399
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 3,897
    e From 2019...... 28,977
    fTotal of lines 3a through e........ 32,874
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 214,500
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 160,399
    e Remaining amount distributed out of corpus 54,101
    5 Excess distributions carryover applied to 2020.    
    (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 86,975
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		86,975
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 3,897
    d Excess from 2019.... 28,977
    e Excess from 2020.... 54,101
    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:
    WILLIAM KNIGHT - EXECUTIVE DIRECTOR
    PO BOX 10788
    RALEIGH,NC27605
    (919) 749-5254
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT THE RECEPIENT IS AN EXEMPT CHARTIABLE ORGANIZATION AND FACTS TO SUPPORT THE NEED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALWS
    117A WEST WARREN ST
    SHELBY,NC28150     		N/A 501(C)3 VETERAN SUPPORT 5,000
    ARTS NC STATE
    CAMPUS BOX 7306
    RALEIGH,NC27695     		N/A 501(C)3 ONGOING PROGRAMS 8,000
    ASSOCIATION FOR WELFARE OF ANIMALS
    708 HANOVER DRIVE
    SHELBY,NC28150     		N/A 501(C)3 ANIMAL WELFARE 6,500
    BOYS & GIRLS CLUB OF CLEVELAND CNTY
    PO BOX 2001
    SHELBY,NC28151     		N/A 501(C)3 WELFARE OF BOYS AND GIRLS 30,000
    CAROLINA TIGER RESCUE
    1940 HANKS CHAPEL ROAD
    PITTSBORO,NC27312     		N/A 501(C)3 ANIMAL WELFARE 2,000
    CHILDREN'S HOME OF CLEVELAND CNTY
    PO BOX 2053
    SHELBY,NC28151     		N/A 501(C)3 WELFARE OF CHILDREN 1,000
    CLEVELAND VOLUNTEER FIRE DEPT
    221 E GRAHAM ST
    SHELBY,NC28150     		N/A 501(C)3 ONGOING PROGRAMS 6,000
    EVERY TRAY COUNTS
    7701 STILL CROSSING ROAD
    CHAPEL HILL,NC27516     		N/A 501(C)3 ENVIRONMENT CONSERVATION 3,000
    FRIENDS OF THE PARKS
    PO BOX 2753
    SHELBY,NC28151     		N/A 501(C)3 COMMUNITY DEVELOPMENT 500
    K RAY HILL MINISTRY
    PO BOX 25942
    RALEIGH,NC27611     		N/A 501(C)3 RELIGION 5,000
    NC VETERINARY MEDICAL FOUNDATION
    1060 WILLIAM MOORE DRIVE
    RALEIGH,NC27607     		N/A 501(C)3 ANIMAL WELFARE 7,500
    NCSU FOUNDATION
    CAMPUS BOX 7474
    RALEIGH,NC276957475     		N/A 501(C)3 ONGOING PROGRAMS 10,000
    NOAH'S ARK WILDLIFE CENTER
    PO BOX 136
    SANDY RIDGE,NC27046     		N/A 501(C)3 ANIMAL WELFARE 5,000
    PENLAND SCHOOL OF CRAFTS
    PO BOX 37
    PENLAND,NC28765     		N/A 501(C)3 ONGOING PROGRAMS 6,000
    SHOPSPACE
    PO BOX 10053
    RALEIGH,NC27605     		N/A 501(C)3 ONGOING PROGRAMS 16,000
    WILDLIFE WELFARE
    PO BOX 19432
    RALEIGH,NC27619     		N/A 501(C)3 ANIMAL WELFARE 8,000
    WNCW PUBLIC RADIO
    PO BOX 804
    SPINDALE,NC28160     		N/A 501(C)3 ONGOING PROGRAMS 1,000
    CROSSROADS RESCUE MISSION
    PO BOX 2090
    SHELBY,NC28151     		N/A 501(C)3 ADDICTION TREATMENT 1,000
    CLEVELAND COUNTY SHERIFF'S OFFICE
    PO BOX 1508
    SHELBY,NC28151     		N/A 501(C)3 ONGOING PROGRAMS 5,000
    FIRST BAPTIST CHURCH
    120 N LAFAYETTE ST
    SHELBY,NC28150     		N/A 501(C)3 ONGOING PROGRAMS 26,000
    GWU SCHOOL OF DIVINITY
    PO BOX 997
    BOILING SPRINGS,NC28107     		N/A 501(C)3 ONGOING PROGRAMS 10,000
    SALVATION ARMY
    PO BOX 1764
    SHELBY,NC28151     		N/A 501(C)3 ONGOING PROGRAMS 7,000
    UPPER CLEVELAND RESCUE
    PO BOX 278
    LAWNDALE,NC28090     		N/A 501(C)3 HOMELESS SHELTER 3,000
    EMPTY STOCKING FUND
    315 E GRAHAM ST
    SHELBY,NC28150     		N/A 501(C)3 ONGOING PROGRAMS 2,500
    ENLOE BAND BOOSTERS
    182 CLARENDON CRESCENT
    RALEIGH,NC27610     		N/A 501(C)3 ONGOING PROGRAMS 500
    NAMI WAKE COUNTY
    PO BOX 12652
    RALEIGH,NC27610     		N/A 501(C)3 MENTAL HEALTH SUPPORT 500
    SECOND CHANCE PET ADOPTIONS
    6003 CHAPEL HILL ROAD
    RALEIGH,NC27607     		N/A 501(C)3 ANIMAL WELFARE 500
    CHILDREN'S HOME SOCIETY OF NC
    7701 SIX FORKS RD
    RALEIGH,NC27615     		N/A 501(C)3 WELFARE OF CHILDREN 2,000
    GIDEON'S PROMISE
    101 MARIETTA ST NW
    ATLANTA,GA30303     		N/A 501(C)3 ONGOING PROGRAMS 1,000
    INTERACT
    1012 OBERLIN RD ST 100
    RALEIGH,NC27605     		N/A 501(C)3 DOMESTIC VIOLENCE SUPPORT 500
    JUNIOR CHARITY LEAGUE OF SHELBY
    PO BOX 1324
    SHELBY,NC28151     		N/A 501(C)3 WELFARE OF CHILDREN 1,000
    MEALS ON WHEELS WAKE COUNTY
    1001 BLAIR DR SUITE 100
    RALEIGH,NC27603     		N/A 501(C)3 ONGOING PROGRAMS 10,000
    PULLEN MEMORIAL BAPTIST CHURCH
    1801 HILLSBOROUGH ST
    RALEIGH,NC27605     		N/A 501(C)3 RELIGION 1,000
    SHARE THE WARMTH
    PO BOX 35469
    CHARLOTTE,NC28254     		N/A 501(C) ONGOING PROGRAMS 1,500
    SHELBY HS ATHLETIC BOOSTER CLUB
    PO BOX 906
    SHELBY,NC28151     		N/A 501(C)3 ONGOING PROGRAMS 20,000
    VIRGINIA TECH ATHLETIC FUND
    BOX 10307
    BLACKSBURG,VA24062     		N/A 501(C)3 ONGOING PROGRAMS 1,000
    Total .................................bullet 3a 214,500
    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 ...........     		    14 852  
    4 Dividends and interest from securities....     14 61,097  
    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 ............     		    14 60,166  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INVESTMENT INCOME     		    14 20  
    bROUNDING     14 8  
    cPURCHASED INT - CORP BONDS     14 -1,397  
    dPURCHASED INT - GOVT BONDS     14 -197  
    ePER BELMONT K-1     16 13  
    12 Subtotal. Add columns (b), (d), and (e)..   120,562  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    120,562
    (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:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,895      
    ACCOUNTING FEES - FIFTH THIRD 225 225    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LENOVO LAPTOP COMPUTER 2013-11-02 1,307 1,307 200DB 5.0000        

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CITIZENS FINL GROUP INC 2016-11 PURCHASE 2020-03   402 568     -166  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FIFTH THIRD BANK - INVESTMENT ACCOUN 2,858,540  

    TY 2020 InvestmentsOtherSchedule2
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    US 321 BYPASS LLC AT COST 27,089  

    TY 2020 LandEtcSchedule2
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,307 1,307    


    TY 2020 OtherAssetsSchedule
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT ON LAND FROM WRIGHT ESTATE 2,451 2,451  


    TY 2020 OtherExpensesSchedule
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MANAGEMENT FEES 30,474 30,474    
    OUTSIDE CONTRACT SERVICES 3,750      
    POSTAGE 288      
    MISCELLANEOUS EXPENSE 59      
    LEGAL FEES 8,741      


    TY 2020 OtherIncomeSchedule2
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 20 20 20
    ROUNDING 8 8 8
    PURCHASED INT - CORP BONDS -1,397 -1,397 -1,397
    PURCHASED INT - GOVT BONDS -197 -197 -197
    PER BELMONT K-1 13   13


    TY 2020 TaxesSchedule
    Name:
    BAILEY ENDOWMENT INC
    EIN:
    56-1802700
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAX FROM K-1        
    FOREIGN TAX 662 662    
    EXCISE TAX 1,229 1,229