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
JOHN REX ENDOWMENT
 
Number and street (or P.O. box number if mail is not delivered to street address)832 WAKE FOREST ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC276041220
A Employer identification number

31-1678223
B Telephone number (see instructions)

(919) 838-1110
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$82,493,155J 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 304 304  
4 Dividends and interest from securities... 1,682,538 1,682,538  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 985,242
b Gross sales price for all assets on line 6a 7,353,117
7 Capital gain net income (from Part IV, line 2)... 985,242
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).......      
12 Total. Add lines 1 through 11........ 2,668,084 2,668,084 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 208,521 4,170 0 204,351
14 Other employee salaries and wages...... 439,736 19,162 0 407,833
15 Pension plans, employee benefits....... 125,107 806 0 123,157
16a Legal fees (attach schedule)......... Click to see attachment 603 60 0 543
b Accounting fees (attach schedule)....... Click to see attachment 23,433 2,343 0 21,026
c Other professional fees (attach schedule).... Click to see attachment 836,458 622,265 0 162,316
17 Interest............... 29,708 7,888 0 19,999
18 Taxes (attach schedule) (see instructions)... Click to see attachment 131,728 22,958 0 42,866
19 Depreciation (attach schedule) and depletion... 43,533 1,306 0
20 Occupancy.............. 5,645 169 0 9,551
21 Travel, conferences, and meetings....... 13,130 281 0 16,636
22 Printing and publications.......... 464 42 0 408
23 Other expenses (attach schedule)....... Click to see attachment 50,678 2,449 0 50,464
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,908,744 683,899 0 1,059,150
25 Contributions, gifts, grants paid....... 2,268,731 2,268,731
26 Total expenses and disbursements. Add lines 24 and 25 4,177,475 683,899 0 3,327,881
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,509,391
b Net investment income (if negative, enter -0-) 1,984,185
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 635,156 173,327 173,327
3 Accounts receivable bullet35,097
Less: allowance for doubtful accounts bullet   47,145 35,097 35,097
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 44,404,134 Click to see attachment43,017,085 58,133,336
c Investments—corporate bonds (attach schedule)....... 21,395,447 Click to see attachment21,803,240 22,582,111
11 Investments—land, buildings, and equipment: basis bullet1,667,113
Less: accumulated depreciation (attach schedule) bullet112,022 1,518,425 1,555,091 1,555,091
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment74,947 Click to see attachment14,193 Click to see attachment14,193
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 68,075,254 66,598,033 82,493,155
Liabilities 17 Accounts payable and accrued expenses.......... 193,961 133,561
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 470,000 470,000
22 Other liabilities (describe bullet) Click to see attachment152,000 Click to see attachment221,000
23 Total liabilities (add lines 17 through 22)......... 815,961 824,561
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........... 46,742,895 46,565,387
25 Net assets with donor restrictions............ 20,516,398 19,208,085
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)..... 67,259,293 65,773,472
30 Total liabilities and net assets/fund balances (see instructions). 68,075,254 66,598,033
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
67,259,293
2
Enter amount from Part I, line 27a .....................
2
-1,509,391
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
23,570
4
Add lines 1, 2, and 3 ..........................
4
65,773,472
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
65,773,472
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 SEI CORE PROPERTY FUND LP K-1 LONG-TERM CAPITAL GAIN P   2020-12-31
b SEI ENERGY DEBT FUND, LP K-1 SHORT-TERM CAPITAL GAIN P   2020-12-31
c SEI ENERGY DEBT FUND, LP K-1 LONG-TERM CAPITAL GAIN P   2020-12-31
d SEI GLOBAL PRIVATE ASSETS IV, LP K-1 SHORT-TERM CAPITAL GAIN P   2020-12-31
e SEI GLOBAL PRIVATE ASSETS IV, LP K-1 LONG-TERM CAPITAL GAIN P   2020-12-31
SEI GLOBAL PRIVATE ASSETS IV, LP K-1 SECTION 1231 GAIN P   2020-12-31
SEI GLOBAL PRIVATE ASSETS V LP K-1 SHORT-TERM CAPITAL GAIN P   2020-12-31
SEI GLOBAL PRIVATE ASSETS V LP K-1 LONG-TERM CAPITAL GAIN P   2020-12-31
SEI PRIVATE TRUST COMPANY - FORM 1099-B P   2020-12-31
SEI PRIVATE TRUST COMPANY - FORM 1099-B P   2020-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 46,294     46,294
b     12,563 -12,563
c     129,159 -129,159
d 4,476     4,476
e 73,251     73,251
7,358     7,358
79     79
1,238     1,238
3,213,838   3,141,989 71,849
3,315,365   3,084,164 231,201
691,218     691,218
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       46,294
b       -12,563
c       -129,159
d       4,476
e       73,251
      7,358
      79
      1,238
      71,849
      231,201
      691,218
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 2 985,242
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 27,580
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 27,580
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,580
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,785
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,600
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,385
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10,805
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet10,805 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 addressbulletWWW.REXENDOWMENT.ORG
    14
    The books are in care ofbulletKELLAN MOORE Telephone no.bullet (919) 838-1110

    Located atbullet832 WAKE FOREST ROADRALEIGHNC ZIP+4bullet276041220
    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
     
    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
    MATT LEATHERMAN CHAIR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    LATASHA BENNETT VICE-CHAIR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    KATE SIMPSON TREASURER
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    HEATHER DENNY SECRETARY
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    CRAIG CROOM DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    PABLO ESCOBAR DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    LIBBY GEORGE DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    BRYAN LEWIS DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    TYRAN HILL DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    WARREN LUDWIG DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    KELLAN MOORE PRESIDENT/CEO
    40.00     		208,521 40,149 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    JOHN RUSHER DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    ANDY ZUKOWSKI DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    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
    MCALLISTER R MYRHA DIR. OF OPERATIONS
    40.00     		133,302 46,191 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    SABRINA SLADE SOCIAL INNOVATION DI
    40.00     		117,545 20,339 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    SUSAN SMITH CFO
    20.00     		106,455 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    GLADYS A HAIRSTON DIR. OF LEARNING, RE
    40.00     		82,434 18,304 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    45,850,686
    b
    Average of monthly cash balances.......................
    1b
    26,301,001
    c
    Fair market value of all other assets (see instructions)................
    1c
    210,097
    d
    Total (add lines 1a, b, and c).........................
    1d
    72,361,784
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    47,000
    3
    Subtract line 2 from line 1d.........................
    3
    72,314,784
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,084,722
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    71,230,062
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,561,503
    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
    3,561,503
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    27,580
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,580
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,533,923
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    18,320
    5
    Add lines 3 and 4............................
    5
    3,552,243
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,552,243
    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
    3,327,881
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    3,327,881
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,327,881
    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 3,552,243
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 952,844
    b From 2016...... 437,626
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 1,390,470
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,327,881
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,327,881
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 224,362 224,362
    (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 1,166,108
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		728,482
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		437,626
    10 Analysis of line 9:
    a Excess from 2016.... 437,626
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WAKE COUNTY SMARTSTART
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC THE KALEIDOSCOPE PROJECT 268,541
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC POSITIVE PARENTING IN WAKE EXPANSION 262,744
    FAMILIES TOGETHER INC
    PO BOX 14395
    RALEIGH,NC27620     		  PC AFFORDABLE HOUSING FOR HOMELESS FAMILIES 228,352
    UNITED WAY OF THE GREATER TRIANGLEYOUTH THRIVE
    2400 PERIMETER PARK DRIVE SUITE 150
    MORRISVILLE,NC27560     		  PC YOUTH THRIVE: BIGGER, BOLDER, BETTER 179,395
    EVOLVE MENTORING INC
    2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC MY BROTHER'S (AND SISTER'S) KEEPER OF WAKE COUNTY 170,630
    SOUTHEAST RALEIGH PROMISE INC
    900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC WHOLE SCHOOL, WHOLE CHILD 141,990
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC STANDING STRONG WITH SEFEL SUSTAINABILITY 130,746
    NC COUNTS COALITIONEI PUEBLO
    3739 NATIONAL DRIVE SUITE 210
    RALEIGH,NC27612     		  PC MAKING WAKE COUNTY COUNT 113,141
    SAFECHILD
    864 WEST MORGAN STREET
    RALEIGH,NC27603     		  PC WAKE COUNTY COMMUNITY CHILD ABUSE PREVENTION PLAN (CCAPP) EXPANSION REQUEST 112,500
    ARTS ACCESS INC
    3900 MERTON DRIVE SUITE 150
    RALEIGH,NC27609     		  PC ARTS ACCESS EXPANSION REQUEST - WAKE ARTS INCLUSION PROJECT 111,157
    METHODIST HOME FOR CHILDREN
    1041 WASHINGTON STREET
    RALEIGH,NC27605     		  PC SUPPORTING FAMILIES WITH YOUNG CHILDREN IN THE WASHINGTON TERRACE COMMUNITY 59,958
    HAVEN HOUSE SERVICES
    600 W CABARRUS STEET
    RALEIGH,NC27511     		  PC JUVENILE JUSTICE AND BEHAVIORAL HEALTH TRANSFORMATION 48,586
    EAST WAKE EDUCATION FOUNDATION
    PO BOX 1404
    WENDELL,NC27591     		  PC F.A.C.E.S (FAMILY AND CHILD ENRICHMENT CENTER) 43,062
    THE HOPE CENTER AT PULLEN
    1801 HILLSBOROUGH STREET
    RALEIGH,NC27605     		  PC THE HOPE CENTER: BUILDING CAPACITY, EXPANDING IMPACT 41,733
    LEARNING TOGETHER INC
    568 EAST LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC BUILDING A STRONG COMMUNITY 40,000
    COMMUNITY MUSIC SCHOOL
    322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC THE MUSICIAN IN ME: ENHANCING CMS'S PROGRAM IMPACT 39,696
    PASSAGE HOME
    PO BOX 28165
    RALEIGH,NC27611     		  PC EASTERN WAKE CHILD DEVELOPMENT PARTNERSHIP 35,750
    WADE EDWARDS FOUNDATION
    714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC WELL ORGANIZATIONAL ASSESSMENT AND CAPACITY BUILDING 26,030
    FAMILIES TOGETHER INC
    PO BOX 14395
    RALEIGH,NC27620     		  PC STAFFING UP FOR SUCCESS 19,755
    FAMILY PROMISE OF WAKE COUNTY INC
    903 METHOD ROAD
    RALEIGH,NC27606     		  PC ORGANIZATIONAL ASSESSMENT/CAPACITY BUILDING 10,000
    TRIANGLE COMMUNITY FOUNDATION
    P O BOX 12729
    DURHAM,NC27709     		  PC TRIANGLE CAPACITY BUILDING NETWORK 40,000
    NORTH CAROLINA NETWORK OF GRANTMAKERS
    3737 GLENWOOD AVENUE
    RALEIGH,NC27612     		  PC INVEST EARLY NC SUPPORT 5,000
    N C EARLY CHILDHOOD FOUNDATION
    514 DANIELS STREET
    RALEIGH,NC27605     		  PC SOCIAL EMOTIONAL HEALTH INITIATIVE 5,000
    UNITED WAY OF THE GREATER TRIANGLE
    PO BOX 110583
    DURHAM,NC27709     		  PC RAPID RESPONSE FUND 5,000
    INTER-FAITH FOOD SHUTTLE
    PO BOX 14638
    RALEIGH,NC27620     		  PC COVID-19 SUPPORT 5,000
    WAKE COUNTY SMART START
    4901 WATERS EDGE DRIVE
    RALEIGH,NC27606     		  PC SUPPORT FOR CHILD CARE CENTERS 15,000
    UNITED WAY OF THE GREATER TRIANGLE
    PO BOX 110583
    DURHAM,NC27709     		  PC 2020 DONATION FOR ANTI-RACISM COMMUNITY FUND 25,000
    DOROTHEA DIX PARK CONSERVANCY
    PO BOX 28576
    RALEIGH,NC27611     		  PC CONTRIBUTION TO SUPPORT RACIAL EQUITY WORK 15,000
    WAKE EDUCATION PARTNERSHIP
    3101 INDUSTRIAL DRIVE
    RALEIGH,NC27609     		  PC FAMILIES AND SCHOOLS TOGETHER (FAST) INITIATIVE 50,000
    ACTIVATE GOOD
    1053 E WHITAKER MILL ROAD
    RALEIGH,NC27604     		  PC CONTRIBUTION TO SUPPORT COVID-19 RESPONSE 2,500
    GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS
    1310 L STREET NW
    WASHINGTON,DC20005     		  PC CONFERENCE CANCELLED; FEES CONTRIBUTED 2,550
    RAWLS BAPTIST CHURCH
    10665 US HIGHWAY 401 NORTH
    FUQUAY VARINA,NC27526     		  PC CONTRIBUTION IN HONOR OF DORIS MOORE - MOTHER OF SUSAN SMITH 240
    ADVANCE COMMUNITY HEALTH
    1001 ROCK QUARRY ROAD
    RALEIGH,NC27610     		  PC CONTRIBUTION 500
    NORTH CAROLINA CENTER FOR NONPROFITS
    PO BOX 98475
    RALEIGH,NC27624     		  PC CONTRIBUTION 725
    SAFECHILD
    864 W MORGAN STREET
    RALEIGH,NC27603     		  PC DONATION IN HONOR OF WALKER WILSON'S BOARD SERVICE 1,500
    BOYS & GIRLS CLUBS
    701 N RALEIGH BOULEVARD
    RALEIGH,NC27610     		  PC CONTRIBUTION IN HONOR OF DR. ALLEN MASK BOARD SERVICE 1,500
    NORTH CAROLINA CENTER FOR NONPROFITS
    P O BOX 98475
    RALEIGH,NC27624     		  PC MATCHING CONTRIBUTION FOR SABRINA SLADE 200
    HABITAT FOR HUMANITY OF WAKE COUNTY
    2420 N RALEIGH BOULEVARD
    RALEIGH,NC27604     		  PC COMPANY MATCH FOR EMPLOYEE GIFTS - SUSAN SMITH 500
    INTER-FAITH FOOD SHUTTLE
    PO BOX 14638
    RALEIGH,NC27620     		  PC MATCHING CONTRIBUTION FOR MCALLISTER MYHRA 500
    CAMP CORRAL
    801 N WEST STREET
    RALEIGH,NC27603     		  PC CONTRIBUTION IN HONOR OF JIMMY TALTON'S BOARD SERVICE 1,500
    TRIANGLE FAMILY SERVICES
    3937 WESTERN BOULEVARD
    RALEIGH,NC27606     		  PC COMPANY MATCH FOR KELLAN MOORE GIFTS 500
    ARTS ACCESS INC
    3900 MERTON DRIVE
    RALEIGH,NC27609     		  PC GIFT CARDS FOR GRANTEES 250
    COMMUNITY MUSIC SCHOOL
    322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    EAST WAKE EDUCATION FOUNDATION
    PO BOX 1404
    WENDELL,NC27591     		  PC GIFT CARDS FOR GRANTEES 250
    EVOLVE MENTORING INC
    2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC GIFT CARDS FOR GRANTEES 250
    FAMILIES TOGETHER INC
    PO BOX 14395
    RALEIGH,NC27620     		  PC GIFT CARDS FOR GRANTEES 250
    FAMILY PROMISE OF WAKE COUNTY INC
    903 METHOD ROAD
    RALEIGH,NC27606     		  PC GIFT CARDS FOR GRANTEES 250
    HAVEN HOUSE SERVICES
    600 W CABARRUS STREET
    RALEIGH,NC27511     		  PC GIFT CARDS FOR GRANTEES 250
    LEARNING TOGETHER INC
    568 E LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    LUCY DANIELS CENTER
    9003 WESTON PARKWAY
    CARY,NC27513     		  PC GIFT CARDS FOR GRANTEES 250
    MARBLES KIDS MUSEUM
    201 E HARGETT STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    METHODIST HOME FOR CHILDREN
    1305 GLENWOOD AVENUE
    RALEIGH,NC27605     		  PC GIFT CARDS FOR GRANTEES 250
    NC CHILD
    3101 POPLARWOOD COURT
    RALEIGH,NC27604     		  PC GIFT CARDS FOR GRANTEES 250
    NC COUNTS COALITION
    3125 POPLARWOOD COURT
    RALEIGH,NC27604     		  PC GIFT CARDS FOR GRANTEES 250
    EL PUEBLO
    2321 CRABTREE BOULEVARD
    RALEIGH,NC27604     		  PC GIFT CARDS FOR GRANTEES 250
    NCSU COLLEGE OF DESIGN NATURAL LEARNING INITIATIVE
    PO BOX 7701
    RALEIGH,NC27695     		  PC GIFT CARDS FOR GRANTEES 250
    PASSAGE HOME
    513 BRANCH STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    SAFECHILD
    864 W MORGAN STREET
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    SE RALEIGH PROMISE INC
    900 S WILMINGTON STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    THE HOPE CENTER AT PULLEN
    1801 HILLSBOROUGH STREET
    RALEIGH,NC276051663     		  PC GIFT CARDS FOR GRANTEES 250
    UNITED WAY OF THE GREATER TRIANGLEYOUTH THRIVE
    900 S WILMINGTON STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    WADE EDWARDS FOUNDATION
    714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    501 S BOYLAN AVENUE
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY SMARTSTART
    4901 WATERS EDGE DRIVE
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    WAKEMED HEALTH & HOSPITALS
    3319 BELSPRING LANE
    RALEIGH,NC27612     		  PC GIFT CARDS FOR GRANTEES 250
    ALICE AYCOCK POE CENTER FOR HEALTH EDUCATION
    224 SUNNYBROOK ROAD
    RALEIGH,NC27610     		  PC GIFT CARDS FOR GRANTEES 250
    PREVENT CHILD ABUSE NORTH CAROLINA
    3000 AERIAL CENTER PARKWAY 180
    MORRISVILLE,NC27560     		  PC GIFT CARDS FOR GRANTEES 250
    THEGIFTED ARTS INC
    5935 CARMEL LANE
    RALEIGH,NC27609     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY SMART STARTKALEIDOSCOPE
    4901 WATERS EDGE DRIVE
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC GIFT CARDS FOR GRANTEES 250
    Total .................................bullet 3a 2,268,731
    bApproved for future payment
    WAKEMED HEALTH & HOSPITALS
    3000 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC WAKEMED PEDIATRICS LAUNCH+ 373,930
    FAMILIES TOGETHER INC
    PO BOX 14395
    RALEIGH,NC27620     		  PC AFFORDABLE HOUSING FOR HOMELESS FAMILIES 249,955
    SOUTHEAST RALEIGH PROMISE INC
    900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC WHOLE SCHOOL, WHOLE CHILD 246,758
    EVOLVE MENTORING INC
    2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC MY BROTHER'S (AND SISTER'S) KEEPER OF WAKE COUNTY 191,490
    WAKE COUNTY SMARTSTART
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC THE KALEIDOSCOPE PROJECT EXPANSION REQUEST 181,436
    ARTS ACCESS INC
    3900 MERTON DRIVE SUITE 150
    RALEIGH,NC27609     		  PC ARTS ACCESS EXPANSION REQUEST - WAKE ARTS INCLUSION PROJECT 169,957
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC POSITIVE PARENTING IN WAKE EXPANSION II 150,000
    SAFECHILD
    864 WEST MORGAN STREET
    RALEIGH,NC27603     		  PC WAKE COUNTY COMMUNITY CHILD ABUSE PREVENTION PLAN (CCAPP) EXPANSION REQUEST 112,500
    MARBLES KIDS MUSEUM
    201 E HARGETT STREET
    RALEIGH,NC27601     		  PC MARBLES CAPACITY BUILDING 2021-2022 80,000
    HAVEN HOUSE SERVICES
    600 W CABARRUS STEET
    RALEIGH,NC27511     		  PC HAVEN HOUSE CAPACITY BUILDING 2021-2022 80,000
    WADE EDWARDS FOUNDATION
    714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC WELL CAPACITY BUILDING 2021-2022 80,000
    THEGIFTED ARTS INC
    103 WEST MAIN STREET
    GARNER,NC27529     		  PC THEGIFTED ARTS CAPACITY BUILDING 2021-2022 80,000
    FAMILY PROMISE OF WAKE COUNTY INC
    903 METHOD ROAD
    RALEIGH,NC27606     		  PC FAMILY PROMISE CAPACITY BUILDING 2021-2022 80,000
    COMMUNITY MUSIC SCHOOL
    322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC THE MUSICIAN IN ME: ENHANCING CMS'S PROGRAM IMPACT 40,087
    LEARNING TOGETHER INC
    568 EAST LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC BUILDING A STRONG COMMUNITY 40,000
    THE HOPE CENTER AT PULLEN
    1801 HILLSBOROUGH STREET
    RALEIGH,NC27605     		  PC THE HOPE CENTER: BUILDING CAPACITY, EXPANDING IMPACT 38,267
    PASSAGE HOME
    PO BOX 28165
    RALEIGH,NC27611     		  PC EASTERN WAKE CHILD DEVELOPMENT PARTNERSHIP 24,250
    EAST WAKE EDUCATION FOUNDATION
    PO BOX 1404
    WENDELL,NC27591     		  PC F.A.C.E.S (FAMILY AND CHILD ENRICHMENT CENTER) 22,138
    Total .................................bullet 3b 2,240,768
    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 ...........     		    14 304  
    4 Dividends and interest from securities....     14 1,682,538  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 985,242  
    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).. 0 2,668,084 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,668,084
    (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
    WAKE COUNTY SMARTSTART4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC THE KALEIDOSCOPE PROJECT 268,541
    WAKE COUNTY PUBLIC SCHOOL SYSTEM5625 DILLARD DRIVE
    CARY,NC27518     		  PC POSITIVE PARENTING IN WAKE EXPANSION 262,744
    FAMILIES TOGETHER INCPO BOX 14395
    RALEIGH,NC27620     		  PC AFFORDABLE HOUSING FOR HOMELESS FAMILIES 228,352
    UNITED WAY OF THE GREATER TRIANGLEYOUTH THRIVE2400 PERIMETER PARK DRIVE SUITE 150
    MORRISVILLE,NC27560     		  PC YOUTH THRIVE: BIGGER, BOLDER, BETTER 179,395
    EVOLVE MENTORING INC2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC MY BROTHER'S (AND SISTER'S) KEEPER OF WAKE COUNTY 170,630
    SOUTHEAST RALEIGH PROMISE INC900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC WHOLE SCHOOL, WHOLE CHILD 141,990
    WAKE COUNTY PUBLIC SCHOOL SYSTEM5625 DILLARD DRIVE
    CARY,NC27518     		  PC STANDING STRONG WITH SEFEL SUSTAINABILITY 130,746
    NC COUNTS COALITIONEI PUEBLO3739 NATIONAL DRIVE SUITE 210
    RALEIGH,NC27612     		  PC MAKING WAKE COUNTY COUNT 113,141
    SAFECHILD864 WEST MORGAN STREET
    RALEIGH,NC27603     		  PC WAKE COUNTY COMMUNITY CHILD ABUSE PREVENTION PLAN (CCAPP) EXPANSION REQUEST 112,500
    ARTS ACCESS INC3900 MERTON DRIVE SUITE 150
    RALEIGH,NC27609     		  PC ARTS ACCESS EXPANSION REQUEST - WAKE ARTS INCLUSION PROJECT 111,157
    METHODIST HOME FOR CHILDREN1041 WASHINGTON STREET
    RALEIGH,NC27605     		  PC SUPPORTING FAMILIES WITH YOUNG CHILDREN IN THE WASHINGTON TERRACE COMMUNITY 59,958
    HAVEN HOUSE SERVICES600 W CABARRUS STEET
    RALEIGH,NC27511     		  PC JUVENILE JUSTICE AND BEHAVIORAL HEALTH TRANSFORMATION 48,586
    EAST WAKE EDUCATION FOUNDATIONPO BOX 1404
    WENDELL,NC27591     		  PC F.A.C.E.S (FAMILY AND CHILD ENRICHMENT CENTER) 43,062
    THE HOPE CENTER AT PULLEN1801 HILLSBOROUGH STREET
    RALEIGH,NC27605     		  PC THE HOPE CENTER: BUILDING CAPACITY, EXPANDING IMPACT 41,733
    LEARNING TOGETHER INC568 EAST LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC BUILDING A STRONG COMMUNITY 40,000
    COMMUNITY MUSIC SCHOOL322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC THE MUSICIAN IN ME: ENHANCING CMS'S PROGRAM IMPACT 39,696
    PASSAGE HOMEPO BOX 28165
    RALEIGH,NC27611     		  PC EASTERN WAKE CHILD DEVELOPMENT PARTNERSHIP 35,750
    WADE EDWARDS FOUNDATION714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC WELL ORGANIZATIONAL ASSESSMENT AND CAPACITY BUILDING 26,030
    FAMILIES TOGETHER INCPO BOX 14395
    RALEIGH,NC27620     		  PC STAFFING UP FOR SUCCESS 19,755
    FAMILY PROMISE OF WAKE COUNTY INC903 METHOD ROAD
    RALEIGH,NC27606     		  PC ORGANIZATIONAL ASSESSMENT/CAPACITY BUILDING 10,000
    TRIANGLE COMMUNITY FOUNDATIONP O BOX 12729
    DURHAM,NC27709     		  PC TRIANGLE CAPACITY BUILDING NETWORK 40,000
    NORTH CAROLINA NETWORK OF GRANTMAKERS3737 GLENWOOD AVENUE
    RALEIGH,NC27612     		  PC INVEST EARLY NC SUPPORT 5,000
    N C EARLY CHILDHOOD FOUNDATION514 DANIELS STREET
    RALEIGH,NC27605     		  PC SOCIAL EMOTIONAL HEALTH INITIATIVE 5,000
    UNITED WAY OF THE GREATER TRIANGLEPO BOX 110583
    DURHAM,NC27709     		  PC RAPID RESPONSE FUND 5,000
    INTER-FAITH FOOD SHUTTLEPO BOX 14638
    RALEIGH,NC27620     		  PC COVID-19 SUPPORT 5,000
    WAKE COUNTY SMART START4901 WATERS EDGE DRIVE
    RALEIGH,NC27606     		  PC SUPPORT FOR CHILD CARE CENTERS 15,000
    UNITED WAY OF THE GREATER TRIANGLEPO BOX 110583
    DURHAM,NC27709     		  PC 2020 DONATION FOR ANTI-RACISM COMMUNITY FUND 25,000
    DOROTHEA DIX PARK CONSERVANCYPO BOX 28576
    RALEIGH,NC27611     		  PC CONTRIBUTION TO SUPPORT RACIAL EQUITY WORK 15,000
    WAKE EDUCATION PARTNERSHIP3101 INDUSTRIAL DRIVE
    RALEIGH,NC27609     		  PC FAMILIES AND SCHOOLS TOGETHER (FAST) INITIATIVE 50,000
    ACTIVATE GOOD1053 E WHITAKER MILL ROAD
    RALEIGH,NC27604     		  PC CONTRIBUTION TO SUPPORT COVID-19 RESPONSE 2,500
    GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS1310 L STREET NW
    WASHINGTON,DC20005     		  PC CONFERENCE CANCELLED; FEES CONTRIBUTED 2,550
    RAWLS BAPTIST CHURCH10665 US HIGHWAY 401 NORTH
    FUQUAY VARINA,NC27526     		  PC CONTRIBUTION IN HONOR OF DORIS MOORE - MOTHER OF SUSAN SMITH 240
    ADVANCE COMMUNITY HEALTH1001 ROCK QUARRY ROAD
    RALEIGH,NC27610     		  PC CONTRIBUTION 500
    NORTH CAROLINA CENTER FOR NONPROFITSPO BOX 98475
    RALEIGH,NC27624     		  PC CONTRIBUTION 725
    SAFECHILD864 W MORGAN STREET
    RALEIGH,NC27603     		  PC DONATION IN HONOR OF WALKER WILSON'S BOARD SERVICE 1,500
    BOYS & GIRLS CLUBS701 N RALEIGH BOULEVARD
    RALEIGH,NC27610     		  PC CONTRIBUTION IN HONOR OF DR. ALLEN MASK BOARD SERVICE 1,500
    NORTH CAROLINA CENTER FOR NONPROFITSP O BOX 98475
    RALEIGH,NC27624     		  PC MATCHING CONTRIBUTION FOR SABRINA SLADE 200
    HABITAT FOR HUMANITY OF WAKE COUNTY2420 N RALEIGH BOULEVARD
    RALEIGH,NC27604     		  PC COMPANY MATCH FOR EMPLOYEE GIFTS - SUSAN SMITH 500
    INTER-FAITH FOOD SHUTTLEPO BOX 14638
    RALEIGH,NC27620     		  PC MATCHING CONTRIBUTION FOR MCALLISTER MYHRA 500
    CAMP CORRAL801 N WEST STREET
    RALEIGH,NC27603     		  PC CONTRIBUTION IN HONOR OF JIMMY TALTON'S BOARD SERVICE 1,500
    TRIANGLE FAMILY SERVICES3937 WESTERN BOULEVARD
    RALEIGH,NC27606     		  PC COMPANY MATCH FOR KELLAN MOORE GIFTS 500
    ARTS ACCESS INC3900 MERTON DRIVE
    RALEIGH,NC27609     		  PC GIFT CARDS FOR GRANTEES 250
    COMMUNITY MUSIC SCHOOL322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    EAST WAKE EDUCATION FOUNDATIONPO BOX 1404
    WENDELL,NC27591     		  PC GIFT CARDS FOR GRANTEES 250
    EVOLVE MENTORING INC2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC GIFT CARDS FOR GRANTEES 250
    FAMILIES TOGETHER INCPO BOX 14395
    RALEIGH,NC27620     		  PC GIFT CARDS FOR GRANTEES 250
    FAMILY PROMISE OF WAKE COUNTY INC903 METHOD ROAD
    RALEIGH,NC27606     		  PC GIFT CARDS FOR GRANTEES 250
    HAVEN HOUSE SERVICES600 W CABARRUS STREET
    RALEIGH,NC27511     		  PC GIFT CARDS FOR GRANTEES 250
    LEARNING TOGETHER INC568 E LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    LUCY DANIELS CENTER9003 WESTON PARKWAY
    CARY,NC27513     		  PC GIFT CARDS FOR GRANTEES 250
    MARBLES KIDS MUSEUM201 E HARGETT STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    METHODIST HOME FOR CHILDREN1305 GLENWOOD AVENUE
    RALEIGH,NC27605     		  PC GIFT CARDS FOR GRANTEES 250
    NC CHILD3101 POPLARWOOD COURT
    RALEIGH,NC27604     		  PC GIFT CARDS FOR GRANTEES 250
    NC COUNTS COALITION3125 POPLARWOOD COURT
    RALEIGH,NC27604     		  PC GIFT CARDS FOR GRANTEES 250
    EL PUEBLO2321 CRABTREE BOULEVARD
    RALEIGH,NC27604     		  PC GIFT CARDS FOR GRANTEES 250
    NCSU COLLEGE OF DESIGN NATURAL LEARNING INITIATIVEPO BOX 7701
    RALEIGH,NC27695     		  PC GIFT CARDS FOR GRANTEES 250
    PASSAGE HOME513 BRANCH STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    SAFECHILD864 W MORGAN STREET
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    SE RALEIGH PROMISE INC900 S WILMINGTON STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    THE HOPE CENTER AT PULLEN1801 HILLSBOROUGH STREET
    RALEIGH,NC276051663     		  PC GIFT CARDS FOR GRANTEES 250
    UNITED WAY OF THE GREATER TRIANGLEYOUTH THRIVE900 S WILMINGTON STREET
    RALEIGH,NC27601     		  PC GIFT CARDS FOR GRANTEES 250
    WADE EDWARDS FOUNDATION714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY PUBLIC SCHOOL SYSTEM501 S BOYLAN AVENUE
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY SMARTSTART4901 WATERS EDGE DRIVE
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    WAKEMED HEALTH & HOSPITALS3319 BELSPRING LANE
    RALEIGH,NC27612     		  PC GIFT CARDS FOR GRANTEES 250
    ALICE AYCOCK POE CENTER FOR HEALTH EDUCATION224 SUNNYBROOK ROAD
    RALEIGH,NC27610     		  PC GIFT CARDS FOR GRANTEES 250
    PREVENT CHILD ABUSE NORTH CAROLINA3000 AERIAL CENTER PARKWAY 180
    MORRISVILLE,NC27560     		  PC GIFT CARDS FOR GRANTEES 250
    THEGIFTED ARTS INC5935 CARMEL LANE
    RALEIGH,NC27609     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY SMART STARTKALEIDOSCOPE4901 WATERS EDGE DRIVE
    RALEIGH,NC27603     		  PC GIFT CARDS FOR GRANTEES 250
    WAKE COUNTY PUBLIC SCHOOL SYSTEM5625 DILLARD DRIVE
    CARY,NC27518     		  PC GIFT CARDS FOR GRANTEES 250
    Total ...............................bullet 3a 2,268,731
    bApproved for future payment
    WAKEMED HEALTH & HOSPITALS3000 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC WAKEMED PEDIATRICS LAUNCH+ 373,930
    FAMILIES TOGETHER INCPO BOX 14395
    RALEIGH,NC27620     		  PC AFFORDABLE HOUSING FOR HOMELESS FAMILIES 249,955
    SOUTHEAST RALEIGH PROMISE INC900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC WHOLE SCHOOL, WHOLE CHILD 246,758
    EVOLVE MENTORING INC2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC MY BROTHER'S (AND SISTER'S) KEEPER OF WAKE COUNTY 191,490
    WAKE COUNTY SMARTSTART4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC THE KALEIDOSCOPE PROJECT EXPANSION REQUEST 181,436
    ARTS ACCESS INC3900 MERTON DRIVE SUITE 150
    RALEIGH,NC27609     		  PC ARTS ACCESS EXPANSION REQUEST - WAKE ARTS INCLUSION PROJECT 169,957
    WAKE COUNTY PUBLIC SCHOOL SYSTEM5625 DILLARD DRIVE
    CARY,NC27518     		  PC POSITIVE PARENTING IN WAKE EXPANSION II 150,000
    SAFECHILD864 WEST MORGAN STREET
    RALEIGH,NC27603     		  PC WAKE COUNTY COMMUNITY CHILD ABUSE PREVENTION PLAN (CCAPP) EXPANSION REQUEST 112,500
    MARBLES KIDS MUSEUM201 E HARGETT STREET
    RALEIGH,NC27601     		  PC MARBLES CAPACITY BUILDING 2021-2022 80,000
    HAVEN HOUSE SERVICES600 W CABARRUS STEET
    RALEIGH,NC27511     		  PC HAVEN HOUSE CAPACITY BUILDING 2021-2022 80,000
    WADE EDWARDS FOUNDATION714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC WELL CAPACITY BUILDING 2021-2022 80,000
    THEGIFTED ARTS INC103 WEST MAIN STREET
    GARNER,NC27529     		  PC THEGIFTED ARTS CAPACITY BUILDING 2021-2022 80,000
    FAMILY PROMISE OF WAKE COUNTY INC903 METHOD ROAD
    RALEIGH,NC27606     		  PC FAMILY PROMISE CAPACITY BUILDING 2021-2022 80,000
    COMMUNITY MUSIC SCHOOL322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC THE MUSICIAN IN ME: ENHANCING CMS'S PROGRAM IMPACT 40,087
    LEARNING TOGETHER INC568 EAST LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC BUILDING A STRONG COMMUNITY 40,000
    THE HOPE CENTER AT PULLEN1801 HILLSBOROUGH STREET
    RALEIGH,NC27605     		  PC THE HOPE CENTER: BUILDING CAPACITY, EXPANDING IMPACT 38,267
    PASSAGE HOMEPO BOX 28165
    RALEIGH,NC27611     		  PC EASTERN WAKE CHILD DEVELOPMENT PARTNERSHIP 24,250
    EAST WAKE EDUCATION FOUNDATIONPO BOX 1404
    WENDELL,NC27591     		  PC F.A.C.E.S (FAMILY AND CHILD ENRICHMENT CENTER) 22,138
    Total ................................bullet 3b 2,240,768

    TY 2020 AccountingFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 23,433 2,343 0 21,026

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SIIT ULTRA SHORT DURAT BOND FUND 5,053,857 5,078,757
    SEI CORE FIXED INCOME FUND 5,707,809 5,991,172
    SEI HIGH YIELD BOND FUND 3,877,263 3,992,941
    SIIT MULTI ASSET REAL RTN FUND 3,622,080 3,490,096
    SIIT EMERGING MARKETS DEBT FUND 3,491,587 3,978,501
    SEI GLOBAL PRIVATE ASSETS V 50,644 50,644

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEI WORLD EQUITY EX-US FUND 11,466,539 16,138,187
    SEI US MANAGED VOLATILITY FUND 4,609,416 4,725,375
    SEI S&P 500 INDEX FUND 2,870,269 4,984,023
    SEI DYNAMIC ASSET ALLOCA. FUND 4,129,971 5,844,690
    SEI GLOBAL MANAGED VOLAT. FUND 2,096,236 2,316,859
    SEI EXTENDED MARKET INDEX FUND 1,027,367 1,795,145
    SEI SMALL CAPITAL II FUND 1,478,066 1,796,198
    SEI SPECIAL SITUATION FUND, LTD 3,800,000 5,588,704
    SEI CORE PROPERTY FUND, LP 3,100,000 4,282,167
    SEI ENERGY DEBT FUND, LP 2,500,000 2,909,191
    SEI STRUCTURED CREDIT FUND 4,000,000 4,855,452
    SEI GLOBAL PRIVATE ASSETS IV 1,939,221 2,897,345

    TY 2020 LegalFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 603 60 0 543


    TY 2020 OtherAssetsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    GRANT REFUND RECEIVABLE 58,541 0 0
    PREPAID EXPENSES 16,406 14,193 14,193


    TY 2020 OtherExpensesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS 4,150 125 0 4,825
    INSURANCE 14,773 1,477 0 13,296
    OFFICE MAINTENANCE 6,730 202 0 6,817
    OFFICE SUPPLIES 5,658 195 0 6,061
    TELEPHONE 6,521 196 0 6,873
    OTHER EXPENSES 12,846 254 0 12,592


    TY 2020 OtherIncreasesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Amount
    PARTNERSHIP BOOK INCOME GREATER THAN TAX INCOME 5,250
    REFUND OF PRIOR YEAR GRANTS 18,320


    TY 2020 OtherLiabilitiesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX LIABILITY 152,000 221,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 620,831 620,831 0 0
    CONSULTANTS 100,140 0 0 47,267
    COMPUTER SERVICE 28,677 1,434 0 30,589
    OTHER PROFESSIONAL FEES 86,810 0 0 84,460


    TY 2020 TaxesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 43,585 903 0 42,866
    FOREIGN TAXES PAID 22,055 22,055 0 0
    EXCISE TAXES 66,088 0 0 0