TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
JANIE M HARDY CHARITABLE TR

Number and street (or P.O. box number if mail is not delivered to street address)C/O FIRST CITIZENS BK TTEE PO BOX
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27626

A Employer identification number

27-6697385

B Telephone number (see instructions)

(919) 716-7347

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$519,971J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	10,036		10,020
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,893
b	Gross sales price for all assets on line 6a 343,982
7	Capital gain net income (from Part IV, line 2)...			6,893
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	16,929		16,913
13	Compensation of officers, directors, trustees, etc.	6,937		6,937
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		500	500	0	0
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,372	1,329		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		5,600			5,600
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	15,409		8,766	0	5,600
25	Contributions, gifts, grants paid.......	4,188				4,188
26	Total expenses and disbursements. Add lines 24 and 25	19,597		8,766	0	9,788
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-2,668
b	Net investment income (if negative, enter -0-)			8,147
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	12,054	9,406	9,406
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......
	c	Investments—corporate bonds (attach schedule).......	169,425	176,786	181,900
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	266,900	258,464	328,665
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	448,379	444,656	519,971
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	448,379	444,656
	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).....	448,379	444,656
	30	Total liabilities and net assets/fund balances (see instructions).	448,379	444,656

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

448,379

Enter amount from Part I, line 27a .....................

-2,668

Other increases not included in line 2 (itemize) bullet

234

Add lines 1, 2, and 3 ..........................

445,945

Decreases not included in line 2 (itemize) bullet

1,289

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

444,656

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	286.948 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416			2020-01-06
b	49.389 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2016-10-07	2020-01-06
c	211.026 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852			2020-01-06
d	165.144 FIDELITY LARGE CAP GROWTH INDEX FUND #2826			2020-01-06
e	895.459 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999		2018-04-03	2020-01-06
	58.786 WCM FOCUSED INTERNATIONAL GROWTH FUND #840		2018-07-02	2020-01-06
	5. ISHARES RUSSELL MID-CAP VALUE ETF		2019-11-13	2020-01-06
	61. ISHARES MSCI ACWI ETF		2019-12-02	2020-01-06
	43.875 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336			2020-01-06
	27.092 LAZARD INTERNATIONAL EQUITY INST #632		2016-06-03	2020-01-06
	72.72 MFS MID CAP VALUE R6 #4837		2018-10-03	2020-01-06
	87.817 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2019-07-10	2020-01-06
	180.389 MORGAN STANLEY INST GROWTH IR #8708		2019-07-10	2020-01-06
	50.811 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524			2020-01-06
	52.863 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662			2020-01-06
	88. ISHARES RUSSELL MID-CAP VALUE ETF		2019-11-13	2020-03-06
	1.388 NUANCE MID CAP VALUE FUND CLASS Z		2020-01-06	2020-03-06
	5.06 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943		2020-01-06	2020-03-11
	67. ISHARES RUSSELL MID-CAP GROWTH ETF			2020-03-11
	442.482 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851		2018-07-02	2020-03-16
	612.347 BAIRD AGGREGATE BOND FUND INST #72			2020-03-16
	10.792 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2019-07-10	2020-03-16
	62.838 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2019-11-13	2020-03-16
	186.144 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999		2018-04-03	2020-03-16
	480.835 WELLS FARGO CORE BOND FUND CLASS R6 #4657		2016-10-07	2020-03-16
	53.53 VICTORY INTEGRITY DISCOVERY FUND CLASS Y		2019-01-10	2020-03-18
	2.222 VICTORY INTEGRITY DISCOVERY FUND CLASS Y		2020-01-06	2020-03-18
	167.232 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3		2020-03-16	2020-03-23
	756.438 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #3			2020-03-23
	204.603 BAIRD AGGREGATE BOND FUND INST #72		2017-01-13	2020-03-25
	62.56 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2019-01-10	2020-03-25
	1.242 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2019-07-10	2020-03-25
	22.773 MORGAN STANLEY INST GROWTH IR #8708		2019-07-10	2020-03-25
	24.48 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321		2020-03-23	2020-03-25
	181.603 WELLS FARGO CORE BOND FUND CLASS R6 #4657		2016-10-07	2020-03-25
	33.063 VICTORY INTEGRITY DISCOVERY FUND CLASS Y			2020-03-27
	577.588 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416			2020-04-06
	210.718 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851		2018-07-02	2020-04-06
	66.059 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST		2020-01-06	2020-04-06
	29.938 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K			2020-04-06
	. BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K		2020-01-06	2020-04-06
	101.614 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804			2020-04-06
	142.177 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2016-10-07	2020-04-06
	9.002 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999		2018-04-03	2020-04-06
	53.45 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #46		2016-01-15	2020-04-06
	40.052 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4		2017-04-24	2020-04-06
	12.281 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046			2020-04-06
	12.129 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531		2018-10-03	2020-04-06
	49.164 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245		2018-10-03	2020-04-06
	45.291 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830			2020-04-09
	6.362 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-06	2020-04-09
	19.475 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2019-07-10	2020-04-09
	2.724 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-06	2020-04-09
	2.815 FIDELITY MID CAP GROWTH INDEX FUND #3403		2020-03-11	2020-04-13
	87.686 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2019-07-10	2020-05-15
	850.537 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830			2020-05-15
	386.678 FIDELITY LARGE CAP GROWTH INDEX FUND #2826			2020-05-15
	28.807 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-06	2020-05-15
	72.175 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2019-07-10	2020-05-15
	43.269 MORGAN STANLEY INST GROWTH IR #8708		2019-07-10	2020-05-15
	6.794 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-06	2020-05-15
	15.949 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467		2019-04-02	2020-06-05
	32.006 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K		2020-01-06	2020-06-05
	112.06 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804		2016-10-07	2020-06-05
	7.789 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2019-07-10	2020-06-05
	35.421 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-06-05
	35.75 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-06-05
	93.73 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-06-05
	109.519 FIDELITY MID CAP GROWTH INDEX FUND #3403		2020-03-11	2020-06-05
	208.41 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2019-07-10	2020-06-05
	230.398 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2019-07-10	2020-06-05
	46.168 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4		2016-01-15	2020-06-05
	34. ISHARES RUSSELL TOP 200 GROWTH ETF		2020-05-15	2020-06-05
	6.33 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2019-07-10	2020-06-05
	32.751 MFS MID CAP VALUE R6 #4837		2018-10-03	2020-06-05
	14.338 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2019-07-10	2020-06-05
	210.857 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896		2018-07-02	2020-06-05
	109.84 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-06-05
	17.039 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524			2020-06-05
	1020.583 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851			2020-07-13
	130.289 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST			2020-07-13
	1067.932 BAIRD AGGREGATE BOND FUND INST #72			2020-07-13
	83.643 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943		2020-01-06	2020-07-13
	100.933 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852		2019-07-10	2020-07-13
	61.7 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-07-13
	3.448 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-07-13
	787.75 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2019-07-10	2020-07-13
	388.505 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2019-07-10	2020-07-13
	1643.116 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999			2020-07-13
	132.534 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #		2017-04-24	2020-07-13
	107.681 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148		2020-01-06	2020-07-13
	108.038 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2019-07-10	2020-07-13
	111.6 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196		2019-07-10	2020-07-13
	43.736 MORGAN STANLEY INST GROWTH IR #8708		2019-11-13	2020-07-13
	26.171 MORGAN STANLEY INST GROWTH IR #8708		2019-07-10	2020-07-13
	50.435 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-07-13
	36.497 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524			2020-07-13
	2.752 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531			2020-07-13
	147.803 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245			2020-07-13
	18.842 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-06	2020-07-13
	1012.696 WELLS FARGO CORE BOND FUND CLASS R6 #4657			2020-07-13
	2.857 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467		2019-07-10	2020-07-24
	22.933 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K			2020-07-24
	3.108 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260		2020-07-13	2020-07-24
	11.156 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-07-24
	61.981 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-07-24
	. FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-07-24
	14.002 FIDELITY MID CAP GROWTH INDEX FUND #3403		2020-07-13	2020-07-24
	58.903 WCM FOCUSED INTERNATIONAL GROWTH FUND #840		2018-07-02	2020-07-24
	23. ISHARES RUSSELL TOP 200 VALUE ETF		2020-07-13	2020-07-24
	35.041 LAZARD INTERNATIONAL EQUITY INST #632		2019-04-02	2020-07-24
	9.206 MFS MID CAP VALUE R6 #4837		2018-10-03	2020-07-24
	4.639 MFS MID CAP VALUE R6 #4837		2018-10-03	2020-07-24
	4.59 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023		2020-07-13	2020-07-24
	. NUANCE MID CAP VALUE FUND CLASS Z		2020-01-06	2020-07-24
	12.837 NUANCE MID CAP VALUE FUND CLASS Z		2020-01-06	2020-07-24
	7.157 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726		2020-07-13	2020-07-24
	16.631 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046		2018-04-03	2020-07-24
	90.827 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321		2020-04-06	2020-07-24
	32.74 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-07-24
	3.179 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269		2020-07-13	2020-07-24
	1. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF		2020-07-13	2020-07-24
	13.485 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531		2017-04-24	2020-07-24
	14.997 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-06	2020-07-24
	1. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX		2020-07-13	2020-07-24
	6.576 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662		2019-07-10	2020-07-24
	3.195 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K		2019-11-13	2020-08-13
	7.805 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467		2019-07-10	2020-10-05
	18.654 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260		2020-07-13	2020-10-05
	116.492 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-10-05
	39.158 COLUMBIA SMALL CAP INDEX FUND INTL #444			2020-10-05
	56.056 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-10-05
	1.68 FEDERATED HERMES MDT SMALL CAP CORE FUND		2019-04-02	2020-10-05
	10.756 FIDELITY MID CAP VALUE INDEX FUND #3404		2020-03-06	2020-10-05
	5.068 FIDELITY MID CAP GROWTH INDEX FUND #3403		2020-07-13	2020-10-05
	802.3 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830			2020-10-05
	206.485 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2019-07-10	2020-10-05
	9.411 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2020-07-24	2020-10-05
	679.199 FIDELITY LARGE CAP GROWTH INDEX FUND #2826		2019-07-10	2020-10-05
	10.18 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #46		2019-07-10	2020-10-05
	175.28 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336			2020-10-05
	185.205 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2019-07-10	2020-10-05
	13.243 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023		2020-07-13	2020-10-05
	3.02 MORGAN STANLEY INST GROWTH IR #8708		2020-07-24	2020-10-05
	18.156 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726		2020-07-13	2020-10-05
	30.672 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2020-01-06	2020-10-05
	2.13 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2020-01-06	2020-10-05
	120.047 PIMCO STOCKSPLUS SMALL FUND - INST #1885		2019-01-10	2020-10-05
	15.403 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269		2020-07-13	2020-10-05
	1. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF		2020-07-13	2020-10-05
	1.009 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524		2016-05-23	2020-10-05
	75.462 VANGUARD EQUITY INCOME FUND ADM #565		2020-01-06	2020-10-05
	3.546 COLUMBIA SMALL CAP INDEX FUND INTL #444		2020-03-18	2020-10-06
	16.452 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830		2020-03-16	2020-10-06
	14.172 FIDELITY LARGE CAP GROWTH INDEX FUND #2826			2020-10-06
	6.648 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336		2020-03-16	2020-10-06
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	7,739	7,645	94
b	687	593	94
c	10,239	9,635	604
d	2,928	2,762	166
e	8,480	8,417	63
	1,114	939	175
	470	458	12
	4,836	4,709	127
	1,626	1,599	27
	505	468	37
	1,842	1,797	45
	2,148	2,207	-59
	8,720	10,064	-1,344
	4,855	4,712	143
	2,225	2,119	106
	7,251	8,069	-818
	17	19	-2
	136	156	-20
	8,754	9,840	-1,086
	4,385	4,381	4
	6,993	6,624	369
	402	485	-83
	859	1,051	-192
	1,733	1,750	-17
	6,448	6,323	125
	1,000	1,840	-840
	42	84	-42
	871	888	-17
	3,941	6,286	-2,345
	2,267	2,199	68
	650	767	-117
	24	31	-7
	992	1,271	-279
	106	94	12
	2,379	2,388	-9
	716	830	-114
	10,899	14,546	-3,647
	2,084	2,086	-2
	580	762	-182
	485	651	-166

	1,088	1,222	-134
	1,523	1,706	-183
	83	85	-2
	457	510	-53
	306	367	-61
	91	145	-54
	446	488	-42
	441	536	-95
	481	597	-116
	284	315	-31
	556	704	-148
	180	216	-36
	50	51	-1
	4,116	3,944	172
	8,718	10,856	-2,138
	6,763	6,324	439
	1,430	1,428	2
	1,948	2,609	-661
	2,655	2,414	241
	436	539	-103
	248	213	35
	635	696	-61
	1,431	1,345	86
	395	350	45
	741	800	-59
	651	687	-36
	1,764	1,736	28
	2,416	1,970	446
	2,478	2,634	-156
	4,343	3,714	629
	494	441	53
	3,555	3,320	235
	207	229	-22
	750	809	-59
	389	360	29
	2,117	2,414	-297
	960	975	-15
	1,640	1,359	281
	10,512	10,142	370
	1,398	1,421	-23
	12,655	11,632	1,023
	2,792	2,575	217
	5,303	4,540	763
	1,147	1,385	-238
	58	66	-8
	8,681	9,957	-1,276
	7,638	6,263	1,375
	15,642	15,478	164
	1,271	1,215	56
	6,042	5,337	705
	3,199	3,906	-707
	3,117	2,805	312
	3,235	2,140	1,095
	1,936	1,460	476
	406	448	-42
	3,415	2,708	707
	123	100	23
	1,648	1,381	267
	1,285	1,496	-211
	14,198	13,176	1,022
	46	40	6
	491	481	10
	45	44	1
	195	215	-20
	1,120	1,148	-28

	317	306	11
	1,224	941	283
	1,174	1,152	22
	602	610	-8
	203	227	-24
	102	115	-13
	51	50	1

	162	174	-12
	73	71	2
	154	196	-42
	505	405	100
	276	291	-15
	76	75	1
	40	40
	611	491	120
	1,054	1,190	-136
	119	116	3
	233	263	-30
	71	66	5
	139	109	30
	291	266	25
	2,406	1,968	438
	809	875	-66
	1,040	1,078	-38
	31	32	-1
	205	199	6
	123	111	12
	9,499	7,669	1,830
	2,445	2,610	-165
	205	186	19
	14,820	10,949	3,871
	119	117	2
	5,518	4,494	1,024
	5,830	6,695	-865
	147	144	3
	271	227	44
	189	179	10
	275	302	-27
	19	21	-2
	1,074	1,065	9
	392	361	31
	39	40	-1
	105	74	31
	5,428	5,990	-562
	73	49	24
	193	149	44
	304	272	32
	207	165	42
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631
			4,631

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			94
b			94
c			604
d			166
e			63
			175
			12
			127
			27
			37
			45
			-59
			-1,344
			143
			106
			-818
			-2
			-20
			-1,086
			4
			369
			-83
			-192
			-17
			125
			-840
			-42
			-17
			-2,345
			68
			-117
			-7
			-279
			12
			-9
			-114
			-3,647
			-2
			-182
			-166

			-134
			-183
			-2
			-53
			-61
			-54
			-42
			-95
			-116
			-31
			-148
			-36
			-1
			172
			-2,138
			439
			2
			-661
			241
			-103
			35
			-61
			86
			45
			-59
			-36
			28
			446
			-156
			629
			53
			235
			-22
			-59
			29
			-297
			-15
			281
			370
			-23
			1,023
			217
			763
			-238
			-8
			-1,276
			1,375
			164
			56
			705
			-707
			312
			1,095
			476
			-42
			707
			23
			267
			-211
			1,022
			6
			10
			1
			-20
			-28

			11
			283
			22
			-8
			-24
			-13
			1

			-12
			2
			-42
			100
			-15
			1

			120
			-136
			3
			-30
			5
			30
			25
			438
			-66
			-38
			-1
			6
			12
			1,830
			-165
			19
			3,871
			2
			1,024
			-865
			3
			44
			10
			-27
			-2
			9
			31
			-1
			31
			-562
			24
			44
			32
			42

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	6,893
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	113
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	113
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	113
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	133
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	133
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	20
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax20	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

FIRST CITIZENS BANK Telephone no. bullet

(919) 716-7347

Located at bullet

P O BOX 29522RALEIGHNC ZIP+4 bullet

27626

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
FIRST CITIZENS BANK	TRUSTEE 1	6,937
P O BOX 29522 RALEIGH,NC27626	TRUSTEE 1	6,937

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...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

456,086

Average of monthly cash balances.......................

11,379

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

467,465

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

467,465

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

7,012

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

460,453

Minimum investment return. Enter 5% of line 5..................

23,023

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.)

Minimum investment return from Part X, line 6....................

23,023

Tax on investment income for 2020 from Part VI, line 5......

113

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

113

Distributable amount before adjustments. Subtract line 2c from line 1............

22,910

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

22,910

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

22,910

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

9,788

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

9,788

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

9,788

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)

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					22,910
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......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 9,788
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.....					9,788
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					13,122
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

Form 990-PF (2020)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BAPTIST CHILDREN'S HOME DR MICHAEL C BLACKWELL P O BOX 338 THOMASVILLE,NC27360	NONE	PC	GENERAL PURPOSE	1,792
COOL SPRINGS BAPTIST CHURCH 1313 COOL SPRINGS ROAD SANFORD,NC27330	NONE	PC	GENERAL PURPOSE	500
LAWSONVILLE BAPTIST CHURCH 1021 WESS HALL ROAD DANBURY,NC270167352	NONE	PC	GENERAL PURPOSE	1,000
THE SALVATION ARMY PO BOX 241808 Charlotte,NC28224	NONE	PC	GENERAL PURPOSE	896
Total ................................. 3a				4,188

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	10,036
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	6,893
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)..				16,929

13Total. Add line 12, columns (b), (d), and (e)..................

16,929

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN BEACON GARCIA HAMILTO	26,315	26,807
BAIRD AGGREGATE BOND FUND INST	49,710	53,321
VANGUARD SHORT TERM BOND INDEX	54,000	53,901
WELLS FARGO CORE BOND	46,761	47,871
GOLDMAN SACHS ENHANCED INCOME

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ARTISAN INTL SMALL MID FUND IN	AT COST	1,695	2,607
ASHMORE EMERG MKTS ACTIVE EQUI	AT COST	5,309	6,783
BAILLIE GIFFORD EMERG MKTS CLA	AT COST	4,818	6,617
ISHARES MSCI EAFE INTL INDEX C	AT COST	11,267	14,372
BLACKROCK MID CAP GROWTH CLASS	AT COST	2,512	3,717
CARILLION CLARIVEST CAPITAL AP	AT COST	9,701	11,394
COHEN & STEERS RE SECURITIES C	AT COST	1,624	1,852
COLUMBIA SELECT LC VALUE CI I3	AT COST	8,743	9,390
DIAMOND HILL LC CLASS Y	AT COST	7,338	7,972
FEDERATED HERMES MDT SC CORE	AT COST	1,779	2,890
FIDELITY MID CAP VALUE INDEX	AT COST	17,866	22,908
FIDELITY MID CAP GROWTH INDEX	AT COST	9,741	15,500
GOLDMAN SACHS INTL SC INSIGHTS	AT COST	2,520	3,161
GOLDMAN SACHS EMERG MKTS EQUIT	AT COST	4,058	5,049
T ROWE PRICE INSTL LC CORE GRO	AT COST	8,460	11,293
WCM FOCUSED INTL GROWTH	AT COST	7,555	11,670
ISHARES RUSSELL TOP 200 VALUE	AT COST	32,477	38,214
ISHARES RUSSELL TOP 200 GROWTH	AT COST	41,189	49,225
LAZARD INTL EQUITY INST	AT COST	7,841	9,580
MFS MID CAP VALUE R6	AT COST	4,529	5,683
MAINSTAY CBRE GLOBAL	AT COST	1,646	1,799
NUANCE MID CAP VALUE CLASS Z	AT COST	3,976	4,257
JACKSON SQUARE SMID CAP GROWTH	AT COST	2,151	3,461
MORGAN STANLEY INST GROWTH	AT COST	6,120	10,831
NUVEEN GLOBAL INFRASTRUCTURE	AT COST	1,690	1,871
PEAR TREE POLARIS FGN SM CAP	AT COST	2,033	2,411
PEAR TREE POLARIS FOREIGN VALU	AT COST	10,983	12,568
PIMCO STOCKPLUS INTL UNHEDGED	AT COST	5,399	9,143
PIMCO STOCKPLUS SMALL FUND INS	AT COST	2,027	3,650
PRINCIPAL RE SECURITIES	AT COST	2,358	2,625
PROSHARES TR DJ BROOKFIELD GLO	AT COST	872	904
T ROWE PRICE MID CAP GROWTH	AT COST	2,428	3,517
T ROWE PRICE EMERG MKTS STOCK	AT COST	4,328	5,697
TIAA-CREF EMERG MKTS EQUITY IN	AT COST	6,129	7,779
VANGUARD EQUITY INCOME ADM	AT COST	7,222	8,153
VANGUARD SCOTTSDALE FDS	AT COST	3,779	5,065
WELLS FARGO SPECIAL MID CAP VA	AT COST	4,301	5,057
AMERICAN BEACON BRIDGEWAY LC V
COLUMBIA SC INDEX INTL
FEDERATED MDT SC CORE INST
FIDELITY LC VALUE INDEX
FIDELITY LC GROWTH INDEX
ISHARES RUSSELL MID CAP VALUE
ISHARES RUSSELL MID CAP GROWTH
ISHARES MSCI ACWI ETF
JP MORGAN VALUE ADVANTAGE FUND
VICTORY INTEGRITY DISCOVERY

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI	3,100	0		3,100
OTHER ALLOCABLE EXPENSE-INCOME	2,500	0		2,500

Category	Amount	Net Investment Income
STATE INCOME TAXES	1,129	1,129
FEDERAL TAX PAYMENT - PRIOR YE	1,043	0
FOREIGN TAXES ON QUALIFIED FOR	183	183
FOREIGN TAXES ON NONQUALIFIED	17	17

Description	Amount
COST BASIS ADJ - WASH SALES & ROC	1,107
2020 TRANS POSTED IN 2021	182