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
VICTOR E BELL JR & JANE MCNAIR BELL
FAMILY FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 17274
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC276197274
A Employer identification number

56-2019191
B Telephone number (see instructions)

(919) 787-7585
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$7,413,828J 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 12 12  
4 Dividends and interest from securities... 42,471 42,471  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 46,747
b Gross sales price for all assets on line 6a 995,816
7 Capital gain net income (from Part IV, line 2)... 46,747
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........ 89,230 89,230 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,174 14,616 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 459 459 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,633 15,075 0 0
25 Contributions, gifts, grants paid....... 316,500 316,500
26 Total expenses and disbursements. Add lines 24 and 25 332,133 15,075 0 316,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -242,903
b Net investment income (if negative, enter -0-) 74,155
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......... 5,545 13,473 13,473
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,367,806 Click to see attachment6,997,122 6,997,122
c Investments—corporate bonds (attach schedule)....... 526,445 Click to see attachment403,233 403,233
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,899,796 7,413,828 7,413,828
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 6,899,796 7,413,828
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,899,796 7,413,828
30 Total liabilities and net assets/fund balances (see instructions). 6,899,796 7,413,828
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,899,796
2
Enter amount from Part I, line 27a .....................
2
-242,903
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
756,935
4
Add lines 1, 2, and 3 ..........................
4
7,413,828
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
7,413,828
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 260,318   255,510 4,808
b 730,108   693,559 36,549
c 5,390     5,390
d
e
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       4,808
b       36,549
c       5,390
d
e
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 46,747
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 1,031
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 1,031
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 1,031
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,240
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,240
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 209
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet209 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 addressbulletN/A
    14
    The books are in care ofbulletVICTOR E BELL III Telephone no.bullet (919) 787-7585

    Located atbulletPO BOX 17274RALEIGHNC ZIP+4bullet27619
    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
    VICTOR E BELL III CHAIRMAN
    0.00     		0 0 0
    P O BOX 17274
    RALEIGH,NC27619
    FAIRLEY BELL COOK PRESIDENT/TREASURER
    0.00     		0 0 0
    P O BOX 17274
    RALEIGH,NC27619
    JOHN MCNAIR BELL VICE PRESIDENT/SECRETARY
    0.00     		0 0 0
    P O BOX 17274
    RALEIGH,NC27619
    LAURA SCHAEFER BELL ASSISTANT SECRETARY
    0.00     		0 0 0
    P O BOX 17274
    RALEIGH,NC27619
    MARY GRADY KOONCE BELL ASSISTANT TREASURER
    0.00     		0 0 0
    P O BOX 17274
    RALEIGH,NC27619
    DANIEL L COOK ASSISTANT VICE PRESIDENT
    0.00     		0 0 0
    P O BOX 17274
    RALEIGH,NC27619
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    5,418,162
    b
    Average of monthly cash balances.......................
    1b
    114,637
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,532,799
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,532,799
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    82,992
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,449,807
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    272,490
    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
    272,490
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,031
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,031
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    271,459
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    271,459
    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
    271,459
    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
    316,500
    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
    316,500
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    316,500
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 271,459
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 315,678
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 316,500
    a Applied to 2019, but not more than line 2a 315,678
    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..... 822
    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 ..........     		270,637
    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....  
    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).)
    VICTOR E BELL III
    FAIRLEY BELL COOK
    JOHN MCNAIR BELL
    LAURA SCHAEFER BELL
    MARY GRADY KOONCE BELL
    DANIEL L COOK
    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
    (PURE) LOVE DOES
    PO BOX 60370
    SAN DIEGO,CA92166     		    DONATION 200
    A PLACE AT THE TABLE
    PO BOX 26205
    RALEIGH,NC27611     		    DONATION 200
    ALLIANCE MEDICAL MINISTRY
    101 DONALD ROSS DR
    RALEIGH,NC27610     		    DONATION 2,500
    ALS-NC
    4 N BLOUNT ST SUITE 200
    RALEIGH,NC27601     		    DONATION 50
    ALZHEIMER'S ASSOCIATION
    225 N MICHIGAN AVE FLOOR 17
    CHICAGO,IL60601     		    DONATION 450
    AMERICAN RED CROSS
    PO BOX 29637
    RALEIGH,NC27626     		    DONATION 5,000
    ANGELA'S ARK
    PO BOX 189053
    CHARLOTTE,NC28218     		    DONATION 798
    APPALACHIAN STATE UNIVERSITY FOUNDATION INC
    ASU BOX 32014
    BOONE,NC28608     		    DONATION 40,140
    ARTS NC STATE
    CAMPUS BOX 7474
    RALEIGH,NC27695     		    DONATION 1,000
    ARTSPLOSURE
    PO BOX 391
    RALEIGH,NC27602     		    DONATION 500
    ATLANTA BELTLINE PARTNERSHIP
    112 KROG ST NE SUITE 14
    ATLANTA,GA30307     		    DONATION 50
    B ROBERT WILLIAMSON JR FOUNDATION
    300 PARK AVE 19 FLOOR
    NEW YORK,NY10022     		    DONATION 100
    BLUE RIDGE CONSERVANCY
    PO BOX 568
    BOONE,NC28607     		    DONATION 100
    BLUE RIDGE PARKWAY FOUNDATION
    717 S MARSHALL ST SUITE 105BB
    WINSTONSALEM,NC27101     		    DONATION 50
    BOYS AND GIRLS CLUB OF WAKE COUNTY
    701 N RALEIGH BLVD
    RALEIGH,NC27610     		    DONATION 2,600
    BRITISH SCHOOLS & UNIVERSITIES FOUNDATION INC
    575 MADISON AVE SUITE 1006
    NEW YORK,NY10022     		    DONATION 100
    BROUGHTON HIGH SCHOOL ALUMNI ASSOCIATION
    PO BOX 31464
    RALEIGH,NC27622     		    DONATION 50
    BUNKER HILL BAPTIST CHURCH
    1185 BUNKER HILL RD
    JEFFERSON,ME04347     		    DONATION 50
    CAMP MERRIE-WOODE
    100 MERRIE-WOODE RD
    SAPPHIRE,NC28774     		    DONATION 2,629
    CAMP-E-NINI-HASSEE
    7027 E STAGE COACH TR
    FLORAL CITY,FL34426     		    DONATION 250
    CAPITAL AREA PRESERVATION INC
    PO BOX 28072
    RALEIGH,NC27611     		    DONATION 100
    CAROLINA BALLET INC
    3401 ATLANTIC AVE SUITE 131
    RALEIGH,NC27604     		    DONATION 250
    CENTER FOR CHILD AND FAMILY HEALTH
    1121 W CHAPEL HILL ST 100
    DURHAM,NC27701     		    DONATION 50
    CHRIST CHURCH
    120 E EDENTON ST
    RALEIGH,NC27601     		    DONATION 50
    CITY OF OAKS FOUNDATION
    222 W HARGETT ST SUITE 608
    RALEIGH,NC27601     		    DONATION 100
    CLASSICAL AMERICAN HOMES PRESERVATION TRUST
    69 EAST 93RD ST
    NEW YORK,NY10128     		    DONATION 1,000
    COLLEGE FOUNDATION OF NC
    2917 HIGHWOODS BLVD
    RALEIGH,NC27604     		    DONATION 450
    COMMUNITY OF HOPE MINISTRIES
    601 ST MARYS ST
    GARNER,NC27529     		    DONATION 1,500
    CONTEMPORARY ART MUSEUM-RALEIGH
    409 W MARTIN ST
    RALEIGH,NC27603     		    DONATION 1,500
    DELTA WATERFOWL FOUNDATION
    1412 BASIN AVE
    BISMARK,ND58504     		    DONATION 50
    DIX PARK CONSERVANCY
    PO BOX 28575
    RALEIGH,NC27611     		    DONATION 2,500
    DORMITION OF THE THEOTOKOS GREEK ORTHODOX CHURCH
    800 WESTRIDGE RD
    GREENSBORO,NC27410     		    DONATION 50
    DUKE UNIVERSITY HEALTH SYSTEMS
    BOX 90581
    DURHAM,NC27708     		    DONATION 1,050
    EXECUTIVE MANSION FUND INC
    5 E EDENTON ST
    RALEIGH,NC27601     		    DONATION 1,000
    FIRST BAPTIST CHURCH RALEIGH
    99 N SALISBURY ST
    RALEIGH,NC27603     		    DONATION 250
    FIRST PRESBYTERIAN CHURCH (WILSON)
    414 SUNSET RD NW
    WILSON,NC27893     		    DONATION 50
    FIRST UNITED METHODIST CHURCH
    PO BOX 1423
    WILSON,NC27894     		    DONATION 50
    FOOD BANK OF CENTRAL AND EASTERN NC
    1924 CAPITAL BLVD
    RALEIGH,NC27604     		    DONATION 5,050
    FOUNDATION OF HOPE
    9401 GLENWOOD AVE
    RALEIGH,NC27617     		    DONATION 1,050
    FRIENDS OF FORT MACON
    2302 E FORT MACON RD
    ATLANTIC BEACH,NC28512     		    DONATION 75
    FRIENDS OF THE LIBRARY
    342 SOUTH SPRING ST
    BURLINGTON,NC27215     		    DONATION 50
    FRIENDS OF THE MUSEUM
    11 W JONES ST
    RALEIGH,NC27601     		    DONATION 2,500
    FRIENDS OF THE NC MARITIME MUSEUM
    315 FRONT STREET
    BEAUFORT,NC28516     		    DONATION 100
    GARNER AREA HISTORICAL SOCIETY
    PO BOX 156
    GARNER,NC27529     		    DONATION 500
    GARNER EDUCATIONAL FOUNDATION INC
    PO BOX 581
    GARNER,NC27529     		    DONATION 1,000
    GLIOBLASTOMA FOUNDATION
    PO BOX 62066
    DURHAM,NC27715     		    DONATION 50
    GREEN CHAIR PROJECT
    1853 CAPITAL BLVD
    RALEIGH,NC27604     		    DONATION 500
    HABITAT FOR HUMANITY FOR WAKE COUNTY
    2420 N RALEIGH BLVD
    RALEIGH,NC27604     		    DONATION 500
    HAVEN HOUSE
    600 W CABARRUS ST
    RALEIGH,NC27603     		    DONATION 1,000
    HAYES BARTON BAPTIST CHURCH
    1800 GLENWOOD AVE
    RALEIGH,NC27609     		    DONATION 50
    HAYES BARTON UNITED METHODIST CHURCH
    2209 FAIRVIEW RD
    RALEIGH,NC27609     		    DONATION 259
    HAYWOOD HALL COMMITTEE
    211 NEW BERN PLACE
    RALEIGH,NC27601     		    DONATION 3,700
    HEALING TRANSITIONS
    1251 GOODE ST
    RALEIGH,NC27603     		    DONATION 1,500
    HEIFER INTERNATIONAL
    PO BOX 8058
    LITTLE ROCK,AR72203     		    DONATION 200
    HELENE FOUNDATION
    13200 STRICKLAND RD SUITE 114-308
    RALEIGH,NC27613     		    DONATION 500
    HOLY TRINITY CHURCH
    549 N BLOUNT ST
    RALEIGH,NC27604     		    DONATION 100
    HUMANE SOCIETY OF CHARLOTTE
    2700 TOOMEY AVE
    CHARLOTTE,NC28203     		    DONATION 100
    INTERACT
    1012 OBERLIN RD 1200
    RALEIGH,NC27605     		    DONATION 1,000
    INTER-FAITH FOOD SHUTTLE
    1001 BLAIR DR 120
    RALEIGH,NC27603     		    DONATION 2,500
    JOEL LANE MUSEUM HOUSE INC
    PO BOX 10884
    RALEIGH,NC27605     		    DONATION 700
    JOG FOR GOOD FOUNDATION
    PO BOX 99014
    RALEIGH,NC27624     		    DONATION 450
    JUNIOR LEAGUE OF RALEIGH INC
    PO BOX 26821
    RALEIGH,NC27611     		    DONATION 900
    JUVENILE DIABETES RESEARCH FOUNDATION
    PO BOX 37937
    BOONE,IA50037     		    DONATION 1,050
    KAPPA ALPHA ORDER EDUATIONAL FOUNDATION
    PO BOX 1865
    LEXINGTON,VA24450     		    DONATION 200
    LAURINBURG PRESBYTERIAN CHURCH
    600 WEST CHURCH ST
    LAURINBURG,NC28352     		    DONATION 50
    LOAVES AND FISHES MINISTRY INC
    PO BOX 14596
    RALEIGH,NC27620     		    DONATION 500
    METAVIVOR RESEARCH & SUPPORT INC
    1783 FOREST DR 184
    ANNAPOLIS,MD21401     		    DONATION 50
    METHODIST HOME FOR CHILDREN
    1041 WASHINGTON ST
    RALEIGH,NC27605     		    DONATION 50
    MICHAEL J FOX FOUNDATION
    PO BOX 5014
    HAGERSTOWN,MD21741     		    DONATION 50
    MIRACLE LEAGUE OF THE TRIANGLE INC
    PO BOX 4193
    CARY,NC27519     		    DONATION 500
    MONTREAT COLLEGE
    PO BOX 1267
    MONTREAT,NC28757     		    DONATION 1,500
    MONTREAT CONFERENCE CENTER
    PO BOX 969
    MONTREAT,NC28757     		    DONATION 5,180
    MOREHEAD-CAIN SCHOLARSHIP FUND
    PO BOX 690
    CHAPEL HILL,NC27514     		    DONATION 2,800
    MOUNTAIN RETREAT ASSOCIATION
    PO BOX 969
    MONTREAT,NC28757     		    DONATION 100
    MUSEUM OF HISTORY FOUNDATION
    5 EAST EDENTON ST
    RALEIGH,NC27601     		    DONATION 50
    NATIONAL MS SOCIETY
    6520 N ANDREWS AVE
    FT LAUDERDALE,FL33309     		    DONATION 50
    NATIONAL OUTDOOR LEADERSHIP SCHOOL
    284 LINCOLN ST
    LANDOR,WY82520     		    DONATION 100
    NATIONAL PARK FOUNDATION
    PO BOX 17394
    BALTIMORE,MD21298     		    DONATION 50
    NC AGRICULTURAL FOUNDATION INC
    CAMPUS BOX 7474
    RALEIGH,NC27695     		    DONATION 1,500
    NC BETA FOUNDATION INC
    PO BOX 7007
    ALBERT LEA,MN56007     		    DONATION 100
    NC COMMUNITY FOUNDATION
    3737 GLENWOOD AVE 460
    RALEIGH,NC27612     		    DONATION 500
    NC HEALTHCARE FOUNDATION
    2400 WESTON PKWAY
    CARY,NC27513     		    DONATION 500
    NC MUSEUM OF ART FOUNDATION INC
    211 BLUE RIDGE RD
    RALEIGH,NC27617     		    DONATION 2,500
    NC MUSEUM OF HISTORY ASSOCIATES
    PO BOX 25937
    RALEIGH,NC27611     		    DONATION 3,100
    NC MUSEUM OF HISTORY FOUNDATION
    5 EAST EDENTON ST
    RALEIGH,NC27601     		    DONATION 4,354
    NC OPERA
    612 WADE AVE SUITE 100
    RALEIGH,NC27605     		    DONATION 100
    NC STATE UNIVERSITY FOUNDATION
    CAMPUS BOX 7474
    RALEIGH,NC27695     		    DONATION 39,150
    NC STUDY CENTER
    203 BATTLE LN
    CHAPEL HILL,NC27514     		    DONATION 100
    NC SYMPHONY
    3700 GLENWOOD AVE SUITE 130
    RALEIGH,NC27612     		    DONATION 2,500
    NCSU ALUMNI ASSOCIATION
    2450 ALUMNI DR
    RALEIGH,NC27605     		    DONATION 915
    NCSU FRIENDS OF THE LIBRARY
    CAMPUS BOX 7474
    RALEIGH,NC27695     		    DONATION 500
    NEEDHAM BROUGHTON HIGH SCHOOL ALUMNI ASSOC
    PO BOX 31464
    RALEIGH,NC27622     		    DONATION 500
    NSCDA
    2715 Q ST NW
    WASHINGTON,DC20007     		    DONATION 1,000
    NSCDA-NC
    224 MARKET ST
    WILMINGTON,NC28401     		    DONATION 1,154
    OPERATION BLESSING INTERNATIONAL
    977 CENTERVILLE TURNPIKE
    VIRGINIA BEACH,VA23463     		    DONATION 50
    OUTWARD BOUND SCHOOL
    PO BOX 800
    CAMDEN,ME04834     		    DONATION 100
    PENLAND SCHOOL OF CRAFT
    67 DORAS TR
    BAKERSVILLE,NC28705     		    DONATION 50
    PIEDMONT PARK CONSERVANCY
    PO BOX 7795
    ATLANTA,GA30357     		    DONATION 100
    PRESBYTERIAN HERITAGE CENTER
    PO BOX 207
    MONTREAT,NC28757     		    DONATION 500
    PULMONARY FIBROSIS FOUNDATION
    2300 E OHIO ST 500
    CHICAGO,IL60611     		    DONATION 100
    RALEIGH FINE ARTS SOCIETY
    PO BOX 10614
    RALEIGH,NC27605     		    DONATION 400
    RALEIGH LITTLE THEATRE
    301 POGUE ST
    RALEIGH,NC27607     		    DONATION 1,500
    RAVENSCROFT SCHOOL
    7409 FALLS OF NEUSE RD
    RALEIGH,NC27615     		    DONATION 3,300
    REFUGEE HOPE PARTNERS
    7474 CREEDMOOR RD BOX 313
    RALEIGH,NC27613     		    DONATION 500
    REX HEALTHCARE FOUNDATION
    2500 BLUE RIDGE RD SUITE 325
    RALEIGH,NC27607     		    DONATION 7,550
    RJ REYNOLDS HIGH SCHOOL
    380-H KNOLLWOOOD ST 177
    WINSTONSALEM,NC27103     		    DONATION 50
    SAFECHILD INC
    864 W MORGAN ST
    RALEIGH,NC27605     		    DONATION 1,000
    SAINT ANDREWS PRESBYTERIAN CHURCH
    7506 FALLS OF NEUSE RD
    RALEIGH,NC27615     		    DONATION 11,097
    SAINT MARY'S SCHOOL
    900 HILLSBOROUGH ST
    RALEIGH,NC27603     		    DONATION 550
    SAINT SAVIOUR'S CENTER
    616 TUCKER ST
    RALEIGH,NC27603     		    DONATION 100
    SALVATION ARMY
    PO BOX 10666
    RALEIGH,NC27605     		    DONATION 1,000
    SAVING GRACE ANIMALS FOR ADOPTION
    13400 OLD CREEDMOOR RD
    WAKE FOREST,NC27587     		    DONATION 50
    SECU FAMILY HOUSE
    123 OLD MASON FARM RD
    CHAPEL HILL,NC27517     		    DONATION 750
    SHEPHERD'S TABLE SOUP KITCHEN
    121 HILLSBOROUGH ST
    RALEIGH,NC27603     		    DONATION 500
    SHOW N TELL MINISTRIES
    125 BONICA CREEK DR
    GARNER,NC27529     		    DONATION 50
    SOUTHEASTERN HEALTH FOUNDATION
    PO BOX 1408
    LUMBERTON,NC28359     		    DONATION 250
    SPCA OF WAKE COUNTY
    200 PETFINDER LANE
    RALEIGH,NC27603     		    DONATION 7,550
    SPRINGMOOR ENDOWMENT FUND
    1500 SAWMILL RD
    RALEIGH,NC27615     		    DONATION 50
    ST BALDRICKS FOUNDATION
    1333 S MAYFLOWER AVE 400
    MONRIVA,CA91019     		    DONATION 500
    STEPUP MINISTRY
    1701 OBERLIN RD
    RALEIGH,NC27608     		    DONATION 2,600
    STOP SOLDIER SUICIDE
    PO BOX 11605
    DURHAM,NC27709     		    DONATION 1,200
    SUSAN G KOMEN
    PO BOX 98060
    WASHINGTON,DC20090     		    DONATION 50
    THE V FOUNDATION
    14600 WESTON PKWAY
    CARY,NC27513     		    DONATION 200
    TRANSITIONS LIFECARE
    250 HOSPICE CIRCLE
    RALEIGH,NC27607     		    DONATION 2,750
    TRIANGLE FAMILY SERVICES
    3937 WESTERN BLVD
    RALEIGH,NC27606     		    DONATION 3,154
    TRYON PALACE FOUNDATION
    PO BOX 1007
    NEW BERN,NC28563     		    DONATION 250
    UNC LAW SCHOOL
    CAMPUS BOX 3380
    CHAPEL HILL,NC27599     		    DONATION 50
    UNC LINEBERGER COMPREHENSIVE CANCER CENTER
    101 MANNING DRIVE
    CHAPEL HILL,NC27514     		    DONATION 1,050
    UNC PRESS
    116 S BOUNDRY ST
    CHAPEL HILL,NC27514     		    DONATION 100
    UNC-CH (PARENTS COUNCIL ENDOWMENT-602412)
    SASB SOUTH SUITE 3318
    CHARLOTTE,NC27599     		    DONATION 6,000
    UNC-CH
    PO BOX 309
    CHAPEL HILL,NC27514     		    DONATION 750
    UNC-CH KENAN FLAGLER FUND
    PO BOX 309
    CHAPEL HILL,NC27514     		    DONATION 10,000
    UNC-CH MEDIA AND JOURNALISM
    PO BOX 309
    CHAPEL HILL,NC27514     		    DONATION 5,000
    UNC-TV
    PO BOX 600067
    RALEIGH,NC27675     		    DONATION 250
    UNION PRESBYTERIAN SEMINARY
    3401 BROOK RD
    RICHMOND,VA23286     		    DONATION 750
    UNITED WAY OF GREATER ATLANTA
    40 COURTLAND ST NE 300
    ATLANTA,GA30303     		    DONATION 50
    UNITED WAY OF THE GREATER TRIANGLE
    PO BOX 110583
    DURHAM,NC27709     		    DONATION 2,500
    VISUAL ART EXCHANGE
    PO BOX 1840
    RICHMOND,NC27602     		    DONATION 2,100
    WAKE COUNTY HISTORICAL SOCIETY
    PO BOX 2665
    RICHMOND,NC27611     		    DONATION 100
    WAKE EDUCATION PARTNERSHIP
    3101 INDUSTRIAL DR SUITE 100
    RALEIGH,NC27609     		    DONATION 1,000
    WAKEMED FOUNDATION
    3000 NEW BERN AVE
    RICHMOND,NC27610     		    DONATION 1,500
    WHITE MEMORIAL PRESBYTERIAN CHURCH
    1704 OBERLIN RD
    RICHMOND,NC27608     		    DONATION 63,495
    WILLIAM PEACE UNIVERSITY
    15 EAST PEACE ST
    RICHMOND,NC27604     		    DONATION 500
    WING HAVEN
    260 RIDGEWOOD AVE
    CHARLOTTE,NC28209     		    DONATION 250
    WNC COMMUNITIES
    594 BREVARD RD
    ASHEVILLE,NC28806     		    DONATION 50
    YATES MILL ASSOCIATES
    PO BOX 10512
    RICHMOND,NC27605     		    DONATION 600
    YMCA OF GREATER CHARLOTTE
    400 E MOREHEAD ST
    CHARLOTTE,NC28202     		    DONATION 50
    YMCA OF THE TRIANGLE AREA INC
    801 CORPORATE CENTER DR SUITE 200
    RALEIGH,NC27607     		    DONATION 10,600
    Total .................................bullet 3a 316,500
    bApproved for future payment
    Total .................................bullet 3b 0
    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 12  
    4 Dividends and interest from securities....     14 42,471  
    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 46,747  
    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 89,230 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    89,230
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    VICTOR E BELL JR & JANE MCNAIR BELL
     
    FAMILY FOUNDATION
    EIN:
    56-2019191
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIRST CITIZENS 403,233 403,233

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    VICTOR E BELL JR & JANE MCNAIR BELL
     
    FAMILY FOUNDATION
    EIN:
    56-2019191
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FIRST CITIZENS 6,997,122 6,997,122

    TY 2020 OtherIncreasesSchedule
    Name:
    VICTOR E BELL JR & JANE MCNAIR BELL
     
    FAMILY FOUNDATION
    EIN:
    56-2019191
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 756,935


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    VICTOR E BELL JR & JANE MCNAIR BELL
     
    FAMILY FOUNDATION
    EIN:
    56-2019191
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 14,616 14,616 0 0
    FEDERAL TAXES 558 0 0 0


    TY 2020 TaxesSchedule
    Name:
    VICTOR E BELL JR & JANE MCNAIR BELL
     
    FAMILY FOUNDATION
    EIN:
    56-2019191
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 459 459 0 0