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 07-01-2020 , and ending 06-30-2021
Name of foundation
CARRIE E & LENA V GLENN FOUNDATIO
 
Number and street (or P.O. box number if mail is not delivered to street address)1552 UNION ROAD SUITE D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GASTONIA, NC28054
A Employer identification number

20-1808211
B Telephone number (see instructions)

(704) 867-0296
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$8,017,932J 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 37 37  
4 Dividends and interest from securities... 202,871 202,871  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 379,104
b Gross sales price for all assets on line 6a 1,112,639
7 Capital gain net income (from Part IV, line 2)... 379,104
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 423 423  
12 Total. Add lines 1 through 11........ 582,435 582,435  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,472 3,847   34,625
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 8,465     8,465
c Other professional fees (attach schedule).... Click to see attachment 28,468 28,156   312
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,404 262   8,142
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,548    
20 Occupancy.............. 11,692     11,692
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 36,696     36,696
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 133,745 32,265   99,932
25 Contributions, gifts, grants paid....... 282,300 230,000
26 Total expenses and disbursements. Add lines 24 and 25 416,045 32,265   329,932
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 166,390
b Net investment income (if negative, enter -0-) 550,170
c Adjusted net income (if negative, enter -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............. 358,360 370,026 370,026
2 Savings and temporary cash investments.........      
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.......... 700    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 6,505,048 Click to see attachment7,646,616 7,646,616
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet15,387
Less: accumulated depreciation (attach schedule) bullet14,097 2,838 Click to see attachment1,290 1,290
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,866,946 8,017,932 8,017,932
Liabilities 17 Accounts payable and accrued expenses..........   5,029
18 Grants payable................. 230,000 282,300
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment13,735 Click to see attachment30,427
23 Total liabilities (add lines 17 through 22)......... 243,735 317,756
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........... 6,623,211 7,700,176
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,623,211 7,700,176
30 Total liabilities and net assets/fund balances (see instructions). 6,866,946 8,017,932
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
6,623,211
2
Enter amount from Part I, line 27a .....................
2
166,390
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
923,775
4
Add lines 1, 2, and 3 ..........................
4
7,713,376
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
13,200
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,700,176
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 FIDELITY PRIME INSTL P 2020-08-03 2020-08-13
b FIDELITY PRIME INSTL P 2001-10-02 2020-08-13
c FIDELITY PRIME INSTL P 2018-06-01 2020-08-13
d AQR FDS P 2013-08-27 2021-02-18
e VANGRD DEVELOPED MKT P 2020-02-07 2021-02-18
FIDELITY PRIME INSTL P 2020-07-01 2020-08-13
FIDELITY PRIME INSTL P 2001-12-01 2020-08-13
FIDELITY PRIME INSTL P 2019-02-01 2020-08-13
DELAWARE SM CAP VAL CL I P 2015-01-09 2021-02-18
VANGUARD 500 INDEX P 2012-11-16 2021-02-18
FIDELITY PRIME INSTL P 2020-06-01 2020-08-13
FIDELITY PRIME INSTL P 2001-11-01 2020-08-13
FIDELITY PRIME INSTL P 2018-10-01 2020-08-13
INVESCO DEVELOPING P 2013-12-09 2021-02-18
VANGUARD VALUE INDEX P 2017-03-14 2021-02-18
FIDELITY PRIME INSTL P 2020-05-01 2020-08-13
FIDELITY PRIME INSTL P 2018-01-02 2020-08-13
FIDELITY PRIME INSTL P 2018-07-02 2020-08-13
INVESCO DEVELOPING P 2012-12-09 2021-02-18
T ROWE PRICE BLUE CHIP P 2015-09-04 2021-05-06
FIDELITY PRIME INSTL P 2020-04-01 2020-08-13
FIDELITY PRIME INSTL P 2019-03-01 2020-08-13
FIDELITY PRIME INSTL P 2018-09-04 2020-08-13
FIDELITY PRIME INSTL P 2018-05-01 2020-08-13
T ROWE PRICE DIVR SM CAP P 2015-02-09 2021-05-06
FIDELITY PRIME INSTL P 2020-03-02 2020-08-13
FIDELITY PRIME INSTL P 2018-03-01 2020-08-13
FIDELITY PRIME INSTL P 2018-08-01 2020-08-13
INVESCO DEVELOPING Y P 2016-12-05 2021-02-18
VANGUARD DEVELOPED MKT P 2020-02-07 2021-05-06
FIDELITY PRIME INSTL P 2020-02-03 2020-08-13
FIDELITY PRIME INSTL P 2019-07-01 2020-08-13
FIDELITY PRIME INSTL P 2018-11-01 2020-08-13
INVESCO DEVELOPING Y P 2017-12-05 2021-02-18
VANGUARD VALUE INDEX ADM P 2017-03-14 2021-05-06
FIDELITY PRIME INSTL P 2019-12-02 2020-08-13
FIDELITY PRIME INSTL P 2019-08-01 2020-08-13
FIDELITY PRIME INSTL P 2017-08-10 2020-08-13
INVESCO DEVELOPING Y P 2014-12-08 2021-02-18
DODGE & COX P 2012-11-16 2021-05-10
FIDELITY PRIME INSTL P 2020-01-02 2020-08-13
FIDELITY PRIME INSTL P 2019-05-01 2020-08-13
INVESCO DEVELOPING P 2011-12-12 2020-11-12
INVESCO DEVELOPING Y P 2015-12-03 2021-02-18
GATEWAY FD CL Y P 2012-02-13 2021-05-10
FIDELITY PRIME INSTL P 2019-11-01 2020-08-13
FIDELITY PRIME INSTL P 2018-02-01 2020-08-13
INVESCO DEVELOPING P 2011-02-16 2020-11-12
INVESCO DEVELOPING Y P 2012-12-10 2021-02-18
INVESCO INTL BOND Y P 2000-10-08 2021-05-10
FIDELITY PRIME INSTL P 2019-10-01 2020-08-13
FIDELITY PRIME INSTL P 2019-06-03 2020-08-13
INVESCO DEVELOPING P 2011-05-16 2020-11-12
INVESCO DEVELOPING Y P 2018-02-08 2021-02-18
T ROWE PRICE BLUE CHIP P 2015-09-04 2021-05-10
FIDELITY PRIME INSTL P 2019-09-03 2020-08-13
FIDELITY PRIME INSTL P 2019-04-01 2020-08-13
T ROWE PRICE BLUE CHIP P 2015-09-04 2021-02-11
INVESCO DEVELOPING Y P 2014-12-08 2021-02-18
T ROWE PRICE DIVR SM CAP P 2015-02-09 2021-05-10
ABERDEEN EMRGNG INSTL P 2020-11-12 2021-02-18
FIDELITY PRIME INSTL P 2018-04-02 2020-08-13
AQR FDS P 2012-12-17 2021-02-18
INVESCO DEVELOPING Y P 2011-12-12 2021-02-18
VANGUARD DEVELOPED MKT P 2020-02-07 2021-05-10
FIDELITY PRIME INSTL P 2018-05-21 2020-08-13
FIDELITY PRIME INSTL P 2018-12-03 2020-08-13
AQR FDS P 2012-12-17 2021-02-18
T ROWE PRICE BLUE CHIP P 2015-09-04 2021-02-18
VANGUARD 500 INDEX ADM P 2012-11-16 2021-05-10
FIDELITY PRIME INSTL P 2017-09-01 2020-08-13
FIDELITY PRIME INSTL P 2019-01-02 2020-08-13
AQR FDS P 2012-02-13 2021-02-18
T ROWE PRICE DIVR SM CAP P 2015-02-09 2021-02-18
VANGUARD VALUE INDEX ADM P 2017-03-14 2021-05-10
(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 1   1  
b 171   171  
c 279   279  
d 28,813   24,922 3,891
e 92,942   82,543 10,399
5   5  
172   172  
281   281  
60,879   46,185 14,694
78,530   27,296 51,234
17   17  
176   176  
285   285  
2,101   1,346 755
47,232   36,657 10,575
32   32  
198   198  
286   286  
2,303   1,475 828
102,469   40,700 61,769
63   63  
201   201  
292   292  
264   263 1
36,882   19,108 17,774
86   85 1
201   201  
298   298  
2,402   1,308 1,094
34,440   29,290 5,150
93   93  
208   208  
308   308  
2,450   1,762 688
40,209   27,820 12,389
93   93  
209   209  
58,591   58,556 35
2,949   1,857 1,092
240   234 6
94   94  
214   214  
4,176   2,522 1,654
3,448   1,841 1,607
13,122   9,116 4,006
158   158  
215   215  
45,392   31,600 13,792
3,486   2,037 1,449
31,850   33,516 -1,666
175   175  
218   218  
129,412   93,000 36,412
3,960   2,928 1,032
1,810   732 1,078
187   187  
221   221  
85,000   33,452 51,548
7,882   4,964 2,918
48   25 23
58,441   46,583 11,858
240   240  
624   529 95
8,061   4,117 3,944
8,973   7,558 1,415
       
255   255  
1,517   1,286 231
23,693   9,362 14,331
16,709   5,430 11,279
119   119  
274   273 1
2,488   2,109 379
56,629   29,135 27,494
5,897   4,048 1,849
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        
b        
c        
d       3,891
e       10,399
       
       
       
      14,694
      51,234
       
       
       
      755
      10,575
       
       
       
      828
      61,769
       
       
       
      1
      17,774
      1
       
       
      1,094
      5,150
       
       
       
      688
      12,389
       
       
      35
      1,092
      6
       
       
      1,654
      1,607
      4,006
       
       
      13,792
      1,449
      -1,666
       
       
      36,412
      1,032
      1,078
       
       
      51,548
      2,918
      23
      11,858
       
      95
      3,944
      1,415
       
       
      231
      14,331
      11,279
       
      1
      379
      27,494
      1,849
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 2 379,104
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 11,859
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 7,647
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 7,647
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 7,647
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,559
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 2,559
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 71
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,159
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 taxBullet   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 addressbulletTHEGLENNFOUNDATION.ORG
    14
    The books are in care ofbulletLAURA LINEBERGER Telephone no.bullet (704) 867-0296

    Located atbullet1552 UNION ROAD SUITE DGASTONIANC ZIP+4bullet28054
    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
    CHARLES W PEARSON JR CHAIRPERSON
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    JENNIFER P DAVIS VICE CHAIRPE
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    TYLER S BULLOCK SECRETARY
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    GREGORY S SELLERS TREASURER
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    RICHARD C BLACKBURN DIRECTOR
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    DAVID H CHRISTY DIRECTOR
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    ANN R DAVIS DIRECTOR
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    DAVID R ROGERS DIRECTOR
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    LAUREN SEASE VANACORE DIRECTOR
    2.00     		0 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    LAURA LINEBERGER EXECUTIVE DI
    20.00     		38,472 0 0
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    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 A HISTORY OF THE GLENN FAMILY OF GASTON COUNTY, NORTH CAROLINA AND THE CARRIE E. AND LENA V. GLENN FOUNDATION HAS BEEN WRITTEN AS A GIFT TO THE GREATER GASTON COMMUNITY. THIS HISTORY HAS BEEN PUBLISHED AND THE BOOKS WILL BE GIFTED TO INDIVIDUALS AND ORGANIZATIONS. 21,390
    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
    7,257,153
    b
    Average of monthly cash balances.......................
    1b
    364,193
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,621,346
    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
    7,621,346
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    114,320
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,507,026
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    375,351
    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
    375,351
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,647
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,647
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    367,704
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    367,704
    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
    367,704
    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
    329,932
    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
    329,932
    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
    329,932
    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 7 367,704
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 146,654
    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......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 329,932
    a Applied to 2019, but not more than line 2a 146,654
    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..... 183,278
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		184,426
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    NONE
    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.
    NONE
    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:
    LAURA LINEBERGER
    1552 UNION ROAD SUITE D
    GASTONIA,NC28054
    (704) 867-0296
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION HAS AN ELECTRONIC APPLICATION FORM. SUPPORTING INFORMATION REQUIRED INCLUDES THE PROGRAM BUDGET, AGENCY'S CURRENT FINANCIAL STATEMENTS, LIST OF BOARD OF DIRECTORS AND DOCUMENTATION OF IRS 501(C)(3) TAX EXEMPT STATUS.
    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
    AFRICAN AMERICAN MUSEUM OF HISTORY
    AND CULTURE
    300 S FIRESTONE ST
    GASTONIA,NC28052     		    PROJECT I.N.V.E.S.T. 11,049
    BACKPACK WEEKEND FOOD PROGRAM
    PO BOX 551030
    GASTONIA,NC28052     		    WAREHOUSE SUPPORT 10,000
    BELMONT COMMUNITY ORGANIZATION
    91 E CATAWBA ST
    BELMONT,NC28202     		    BACK TO SCHOOL PROGRAM 3,000
    CANCER SERVICES OF GASTON COUNTY
    306 S COLUMBIA ST
    GASTONIA,NC28054     		    CANCER PATIENT ASSISTANCE 10,000
    CATAWBA RIVERKEEPER FOUNDATION
    715 N CHURCH ST
    SUITE 120
    CHARLOTTE,NC28202     		    WATER PROTECTION PROGRAM 5,000
    CATHERINE'S HOUSE
    PO BOX 1633
    BELMONT,NC28012     		    TRANSITIONAL HOUSING PROGRAM 10,000
    CHERRYVILLE AREA MINISTRIES
    212 N MOUNTAIN ST
    CHERRYVILLE,NC28021     		    CEILING REPLACEMENT 15,000
    CHRIST COMMUNITY OUTREACH
    FOOD MINISTRY
    PO BOX 1572
    GASTONIA,NC28052     		    OUTREACH FOOD MINISTRY 2,500
    DREAM CENTER OF GASTON COUNTY
    6935 S MYRTLE SCHOOL RD
    GASTONIA,NC28052     		    HIGH SCHOOL PROGRAM 12,500
    FAMILY PROMISE OF GASTON COUNTY
    PO BOX 67
    GASTONIA,NC28053     		    INTENSE CASE MANAGEMENT 10,000
    GASTON COUNTY DEPT OF HEALTH AND
    HUMAN SERVICES - SOCIAL SERVICES DIVISION
    330 DR MARTIN LUTHER
    KING JR WAY
    GASTONIA,NC28054     		    CHILD/FAMILY SERVICE RESOURCE CLOSET 9,765
    GASTON COUNTY FAMILY YMCA
    CAPITAL CAMPAIGN
    2221 ROBINWOOD ROAD
    GASTONIA,NC28056     		    NEW YMCA CAPITAL CAMPAIGN 25,000
    GASTON FAMILY HEALTH SERVICES
    200 E SECOND AVE
    GASTONIA,NC28054     		    HIGHLAND YOUTH GARDEN 3,500
    GASTON HOPE IN CHRIST MINISTRIES
    PO BOX 550030
    GASTONIA,NC28055     		    COMMUNITY SUPPORT AND OUTREACH 15,000
    GASTON INNOVATION GROUP
    52A ERVIN ST
    BELMONT,NC28012     		    TEACHWORKS TECHNOLOGY ACADEMY 10,000
    GASTON LITERACY COUNCIL
    116 DR MARTIN LUTHER
    KING JR WAY
    GASTONIA,NC28052     		    STUDENT INSTRUCTIONAL MATERIALS 5,186
    GASTON TOGETHER COMMUNITIES OF
    EXCELLENCE - CIVIC LEADERSHIP
    PO BOX 817
    GASTONIA,NC28053     		    CIVIC ENGAGEMENT LEADERSHIP 12,000
    HABITAT FOR HUMANITY OF
    GASTON COUNTY
    1840 E FRANKLIN BLVD
    GASTONIA,NC28054     		    HOME REPAIR HOUSING SOLUTIONS 10,000
    HEART SOCIETY OF GASTON COUNTY
    1201 E GARRISON BLVD
    GASTONIA,NC28054     		    MEDICATION ASSISTANCE 8,000
    HOLY ANGLES
    6600 WILKINSON BLVD
    BELMONT,NC28012     		    ANGELIC GUARDIANS 2,500
    LEAST OF THESE CAROLINAS
    418 S SOUTH STREET
    GASTONIA,NC28052     		    BEDS OF HOPE 14,000
    NC MEDASSIST
    4428 TAGGARD CREEK RD
    SUITE 101
    CHARLOTTE,NC28208     		    FREE PHARMACY SERVICES 5,000
    NOW OUTREACH - CROWDERS RIDGE CAMP
    PO BOX 1
    LOWELL,NC28098     		    RENOVATION FOR GLENN BUNKHOUSE 6,000
    OFF THE STREETS PROGRAM
    PO BOX 550547
    GASTONIA,NC28055     		    TRANSITIONAL LIVING HOUSE 10,000
    SHINING HOPE FARMS
    328 WHIPPOORWILL LANE
    MOUNT HOLLY,NC28120     		    EQUINE ASSISTED THERAPIES 5,000
    Total .................................bullet 3a 230,000
    bApproved for future payment
    BOYS AND GIRLS CLUBS
    GREATER GASTON
    310 S BOYD ST
    GASTONIA,NC28052     		    COVID RESPONSE ENRICHMENT PROGRAM 25,000
    CAROLINA CROSS CONNECTION
    PO BOX 731
    GASTONIA,NC28053     		    HOME REPAIR PROGRAM 2,500
    CATAWBA RIVERKEEPER FOUNDATION
    715 N CHURCH ST
    SUITE 120
    CHARLOTTE,NC28202     		    SOUTH FORK RIVER HEALTH PROJECT 15,000
    CATHERINE'S HOUSE
    PO BOX 1633
    BELMONT,NC28012     		    TRANSITIONAL HOUSING PROGRAM 12,500
    CHRIST COMMUNITY OUTREACH
    FOOD MINISTRY
    PO BOX 1572
    GASTONIA,NC28052     		    OUTREACH FOOD MINISTRY 3,000
    CLASSROOM CENTRAL
    2116 WILKINSON BLVD
    CHARLOTTE,NC28208     		    SCHOOL SUPPLIES FOR STUDENTS IN NEED 10,000
    CRISIS ASSISTANCE MINISTRIES
    805 W AIRLINE AVE
    GASTONIA,NC28052     		    CRISIS ASSISTANCE PROGRAM 20,000
    DREAM CENTER OF GASTON COUNTY
    6935 S MYRTLE SCHOOL RD
    GASTONIA,NC28052     		    HIGH SCHOOL PROGRAM 15,000
    GASTON SCHOOL OF THE ARTS
    825 UNION RD 4408
    GASTONIA,NC28054     		    ARTS FOR ALL PROGRAM 5,600
    GASTON TOGETHER COMMUNITIES OF
    EXCELLENCE - CIVIC LEADERSHIP
    PO BOX 817
    GASTONIA,NC28053     		    CIVIC ENGAGEMENT LEADERSHIP 12,000
    HABITAT FOR HUMANITY OF
    GASTON COUNTY
    1840 E FRANKLIN BLVD
    GASTONIA,NC28054     		    DIXON VILLAGE NEIGHBORHOOD 75,000
    HEART SOCIETY OF GASTON COUNTY
    1201 E GARRISON BLVD
    GASTONIA,NC28054     		    MEDICATION ASSISTANCE 10,000
    HOPE4GASTON
    PO BOX 551387
    GASTONIA,NC28055     		    CLOSET OF HOPE PROGRAM 4,000
    KEEP GASTONIA BEAUTIFUL
    150 S YORK ST
    GASTONIA,NC28052     		    GREAT PLACE TO BEE 22,050
    LEAST OF THESE CAROLINAS
    418 S SOUTH STREET
    GASTONIA,NC28052     		    BRIDGE CAMP 2021 12,000
    NC WILDLIFE FEDERATION
    1024 WASHINGTON ST
    RALEIGH,NC27605     		    GREAT OUTDOORS UNIVERSITY 10,000
    NOW OUTREACH - CROWDERS RIDGE CAMP
    PO BOX 1
    LOWELL,NC28098     		    RENOVATION FOR GLENN BUNKHOUSE 10,650
    SALVATION ARMY
    107 S BROAD ST
    GASTONIA,NC28052     		    HVAC UNITS AT CENTER OF HOPE 15,000
    SHINING HOPE FARMS
    328 WHIPPOORWILL LANE
    MOUNT HOLLY,NC28120     		    EQUINE ASSISTED THERAPIES 3,000
    Total .................................bullet 3b 282,300
    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 37  
    4 Dividends and interest from securities....     14 202,871  
    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.....     14 423  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 379,104  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   582,435  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    582,435
    (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

    Form 990PF Part XV Line 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
    AFRICAN AMERICAN MUSEUM OF HISTORY
    AND CULTURE300 S FIRESTONE ST
    GASTONIA,NC28052     		    PROJECT I.N.V.E.S.T. 11,049
    BACKPACK WEEKEND FOOD PROGRAMPO BOX 551030
    GASTONIA,NC28052     		    WAREHOUSE SUPPORT 10,000
    BELMONT COMMUNITY ORGANIZATION91 E CATAWBA ST
    BELMONT,NC28202     		    BACK TO SCHOOL PROGRAM 3,000
    CANCER SERVICES OF GASTON COUNTY306 S COLUMBIA ST
    GASTONIA,NC28054     		    CANCER PATIENT ASSISTANCE 10,000
    CATAWBA RIVERKEEPER FOUNDATION715 N CHURCH ST
    SUITE 120
    CHARLOTTE,NC28202     		    WATER PROTECTION PROGRAM 5,000
    CATHERINE'S HOUSEPO BOX 1633
    BELMONT,NC28012     		    TRANSITIONAL HOUSING PROGRAM 10,000
    CHERRYVILLE AREA MINISTRIES212 N MOUNTAIN ST
    CHERRYVILLE,NC28021     		    CEILING REPLACEMENT 15,000
    CHRIST COMMUNITY OUTREACH
    FOOD MINISTRYPO BOX 1572
    GASTONIA,NC28052     		    OUTREACH FOOD MINISTRY 2,500
    DREAM CENTER OF GASTON COUNTY6935 S MYRTLE SCHOOL RD
    GASTONIA,NC28052     		    HIGH SCHOOL PROGRAM 12,500
    FAMILY PROMISE OF GASTON COUNTYPO BOX 67
    GASTONIA,NC28053     		    INTENSE CASE MANAGEMENT 10,000
    GASTON COUNTY DEPT OF HEALTH AND
    HUMAN SERVICES - SOCIAL SERVICES DIVISION330 DR MARTIN LUTHER
    KING JR WAY
    GASTONIA,NC28054     		    CHILD/FAMILY SERVICE RESOURCE CLOSET 9,765
    GASTON COUNTY FAMILY YMCA
    CAPITAL CAMPAIGN2221 ROBINWOOD ROAD
    GASTONIA,NC28056     		    NEW YMCA CAPITAL CAMPAIGN 25,000
    GASTON FAMILY HEALTH SERVICES200 E SECOND AVE
    GASTONIA,NC28054     		    HIGHLAND YOUTH GARDEN 3,500
    GASTON HOPE IN CHRIST MINISTRIESPO BOX 550030
    GASTONIA,NC28055     		    COMMUNITY SUPPORT AND OUTREACH 15,000
    GASTON INNOVATION GROUP52A ERVIN ST
    BELMONT,NC28012     		    TEACHWORKS TECHNOLOGY ACADEMY 10,000
    GASTON LITERACY COUNCIL116 DR MARTIN LUTHER
    KING JR WAY
    GASTONIA,NC28052     		    STUDENT INSTRUCTIONAL MATERIALS 5,186
    GASTON TOGETHER COMMUNITIES OF
    EXCELLENCE - CIVIC LEADERSHIPPO BOX 817
    GASTONIA,NC28053     		    CIVIC ENGAGEMENT LEADERSHIP 12,000
    HABITAT FOR HUMANITY OF
    GASTON COUNTY1840 E FRANKLIN BLVD
    GASTONIA,NC28054     		    HOME REPAIR HOUSING SOLUTIONS 10,000
    HEART SOCIETY OF GASTON COUNTY1201 E GARRISON BLVD
    GASTONIA,NC28054     		    MEDICATION ASSISTANCE 8,000
    HOLY ANGLES6600 WILKINSON BLVD
    BELMONT,NC28012     		    ANGELIC GUARDIANS 2,500
    LEAST OF THESE CAROLINAS418 S SOUTH STREET
    GASTONIA,NC28052     		    BEDS OF HOPE 14,000
    NC MEDASSIST4428 TAGGARD CREEK RD
    SUITE 101
    CHARLOTTE,NC28208     		    FREE PHARMACY SERVICES 5,000
    NOW OUTREACH - CROWDERS RIDGE CAMPPO BOX 1
    LOWELL,NC28098     		    RENOVATION FOR GLENN BUNKHOUSE 6,000
    OFF THE STREETS PROGRAMPO BOX 550547
    GASTONIA,NC28055     		    TRANSITIONAL LIVING HOUSE 10,000
    SHINING HOPE FARMS328 WHIPPOORWILL LANE
    MOUNT HOLLY,NC28120     		    EQUINE ASSISTED THERAPIES 5,000
    Total ...............................bullet 3a 230,000
    bApproved for future payment
    BOYS AND GIRLS CLUBS
    GREATER GASTON310 S BOYD ST
    GASTONIA,NC28052     		    COVID RESPONSE ENRICHMENT PROGRAM 25,000
    CAROLINA CROSS CONNECTIONPO BOX 731
    GASTONIA,NC28053     		    HOME REPAIR PROGRAM 2,500
    CATAWBA RIVERKEEPER FOUNDATION715 N CHURCH ST
    SUITE 120
    CHARLOTTE,NC28202     		    SOUTH FORK RIVER HEALTH PROJECT 15,000
    CATHERINE'S HOUSEPO BOX 1633
    BELMONT,NC28012     		    TRANSITIONAL HOUSING PROGRAM 12,500
    CHRIST COMMUNITY OUTREACH
    FOOD MINISTRYPO BOX 1572
    GASTONIA,NC28052     		    OUTREACH FOOD MINISTRY 3,000
    CLASSROOM CENTRAL2116 WILKINSON BLVD
    CHARLOTTE,NC28208     		    SCHOOL SUPPLIES FOR STUDENTS IN NEED 10,000
    CRISIS ASSISTANCE MINISTRIES805 W AIRLINE AVE
    GASTONIA,NC28052     		    CRISIS ASSISTANCE PROGRAM 20,000
    DREAM CENTER OF GASTON COUNTY6935 S MYRTLE SCHOOL RD
    GASTONIA,NC28052     		    HIGH SCHOOL PROGRAM 15,000
    GASTON SCHOOL OF THE ARTS825 UNION RD 4408
    GASTONIA,NC28054     		    ARTS FOR ALL PROGRAM 5,600
    GASTON TOGETHER COMMUNITIES OF
    EXCELLENCE - CIVIC LEADERSHIPPO BOX 817
    GASTONIA,NC28053     		    CIVIC ENGAGEMENT LEADERSHIP 12,000
    HABITAT FOR HUMANITY OF
    GASTON COUNTY1840 E FRANKLIN BLVD
    GASTONIA,NC28054     		    DIXON VILLAGE NEIGHBORHOOD 75,000
    HEART SOCIETY OF GASTON COUNTY1201 E GARRISON BLVD
    GASTONIA,NC28054     		    MEDICATION ASSISTANCE 10,000
    HOPE4GASTONPO BOX 551387
    GASTONIA,NC28055     		    CLOSET OF HOPE PROGRAM 4,000
    KEEP GASTONIA BEAUTIFUL150 S YORK ST
    GASTONIA,NC28052     		    GREAT PLACE TO BEE 22,050
    LEAST OF THESE CAROLINAS418 S SOUTH STREET
    GASTONIA,NC28052     		    BRIDGE CAMP 2021 12,000
    NC WILDLIFE FEDERATION1024 WASHINGTON ST
    RALEIGH,NC27605     		    GREAT OUTDOORS UNIVERSITY 10,000
    NOW OUTREACH - CROWDERS RIDGE CAMPPO BOX 1
    LOWELL,NC28098     		    RENOVATION FOR GLENN BUNKHOUSE 10,650
    SALVATION ARMY107 S BROAD ST
    GASTONIA,NC28052     		    HVAC UNITS AT CENTER OF HOPE 15,000
    SHINING HOPE FARMS328 WHIPPOORWILL LANE
    MOUNT HOLLY,NC28120     		    EQUINE ASSISTED THERAPIES 3,000
    Total ................................bullet 3b 282,300

    TY 2020 AccountingFeesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,465     8,465

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

    TY 2020 DepreciationSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    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
    COPIER 2018-05-01 6,192 3,354 STRAIGHT LINE 4.0000 1,548      
    OFFICE FURNITURE AND FIXTURES 2010-07-01 9,195 9,195 STRAIGHT LINE 7.0000        

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AQR FDS DIVERSIFIED ARBITRAGE FD 229,739 229,739
    BLACKROCK FUNDS II 379,835 379,835
    DELAWARE SMALL CAP VALUE 216,533 216,533
    DODGE & COX INCOME 764,681 764,681
    EATON VANCE GLBL MACRO ABS 231,576 231,576
    FIDELITY FUNDS PRIME RESERVES    
    GATEWAY 308,048 308,048
    WESTERN ASSET FDS INC 764,106 764,106
    METROPOLITAN WEST TOTAL RETURN 763,125 763,125
    OPPENHEIMER DEVELOPING MRKTS 173,369 173,369
    OPPENHEIMER INTERNATIONAL BOND 293,400 293,400
    T. ROWE PRICE QM US SMALL CAP 227,692 227,692
    T. ROWE PRICE BLUE CHIP GROWTH 807,272 807,272
    VANGUARD DEVELOPED MARKETS ADMIRAL 717,964 717,964
    VANGUARD 500 INDEX ADMIRAL 849,181 849,181
    VANGUARD VALUE INDEX ADM 745,847 745,847
    ABERDEEN FDS 174,248 174,248

    TY 2020 LandEtcSchedule2
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FIXED ASSETS 15,387 14,097 1,290 1,290


    TY 2020 OtherDecreasesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Description Amount
    DEFERRED EXCISE TAX 13,200


    TY 2020 OtherExpensesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 1,454     1,454
    DUES 7,320     7,320
    INSURANCE 2,518     2,518
    MARKETING 1,311     1,311
    COPY/EDITING 21,390     21,390
    TRAVEL 2,703     2,703


    TY 2020 OtherIncomeSchedule2
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 423 423  


    TY 2020 OtherIncreasesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Description Amount
    UNREALIZED GAIN ON INVESTMENT 923,775


    TY 2020 OtherLiabilitiesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX LIABILITY   5,088
    CAPITAL LEASE 2,735 1,139
    DEFERRED EXCISE TAX 11,000 24,200


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 28,468 28,156   312


    TY 2020 TaxesSchedule
    Name:
    CARRIE E & LENA V GLENN FOUNDATIO
    EIN:
    20-1808211
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 8,404 262   8,142