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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
JOHN REX ENDOWMENT
 
Number and street (or P.O. box number if mail is not delivered to street address)832 WAKE FOREST ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC276041220
A Employer identification number

31-1678223
B Telephone number (see instructions)

(919) 838-1110
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$90,225,953J 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      
4 Dividends and interest from securities... 3,174,684 3,174,684  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 7,090,160
b Gross sales price for all assets on line 6a 18,377,149
7 Capital gain net income (from Part IV, line 2)... 7,091,261
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........ 10,264,844 10,265,945 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 212,291 4,246 0 208,045
14 Other employee salaries and wages...... 501,671 24,154 0 484,423
15 Pension plans, employee benefits....... 174,289 842 0 174,591
16a Legal fees (attach schedule)......... Click to see attachment 14,293 1,429 0 12,864
b Accounting fees (attach schedule)....... Click to see attachment 24,992 2,499 0 20,566
c Other professional fees (attach schedule).... Click to see attachment 290,767 44,674 0 229,144
17 Interest............... 27,200 7,305 0 20,180
18 Taxes (attach schedule) (see instructions)... Click to see attachment 257,910 40,556 0 50,374
19 Depreciation (attach schedule) and depletion... 44,254 1,328 0
20 Occupancy.............. 4,097 123 0 4,268
21 Travel, conferences, and meetings....... 11,739 293 0 12,979
22 Printing and publications.......... 366 33 0 347
23 Other expenses (attach schedule)....... Click to see attachment 61,807 3,235 0 58,439
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,625,676 130,717 0 1,276,220
25 Contributions, gifts, grants paid....... 2,396,157 2,396,157
26 Total expenses and disbursements. Add lines 24 and 25 4,021,833 130,717 0 3,672,377
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,243,011
b Net investment income (if negative, enter -0-) 10,135,228
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 173,327 141,145 141,145
3 Accounts receivable bullet33,552
Less: allowance for doubtful accounts bullet   35,097 33,552 33,552
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)....... 43,017,085 Click to see attachment49,922,237 67,711,299
c Investments—corporate bonds (attach schedule)....... 21,803,240 Click to see attachment20,377,929 20,809,414
11 Investments—land, buildings, and equipment: basis bullet1,665,724
Less: accumulated depreciation (attach schedule) bullet143,169 1,555,091 1,522,555 1,522,555
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment14,193 Click to see attachment7,988 Click to see attachment7,988
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,598,033 72,005,406 90,225,953
Liabilities 17 Accounts payable and accrued expenses.......... 133,561 242,880
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 470,000 446,074
22 Other liabilities (describe bullet) Click to see attachment221,000 Click to see attachment253,000
23 Total liabilities (add lines 17 through 22)......... 824,561 941,954
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 46,565,387 52,080,618
25 Net assets with donor restrictions............ 19,208,085 18,982,834
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)..... 65,773,472 71,063,452
30 Total liabilities and net assets/fund balances (see instructions). 66,598,033 72,005,406
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
65,773,472
2
Enter amount from Part I, line 27a .....................
2
6,243,011
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
48,677
4
Add lines 1, 2, and 3 ..........................
4
72,065,160
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,001,708
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
71,063,452
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SEI CORE PROPERTY FUND LP K-1 LONG-TERM CAPITAL GAIN P   2021-12-31
b SEI ENERGY DEBT FUND, LP K-1 SHORT-TERM CAPITAL GAIN P   2021-12-31
c SEI ENERGY DEBT FUND, LP K-1 LONG-TERM CAPITAL GAIN P   2021-12-31
d SEI GLOBAL PRIVATE ASSETS IV, LP K-1 SHORT-TERM CAPITAL GAIN P   2021-12-31
e SEI GLOBAL PRIVATE ASSETS IV, LP K-1 LONG-TERM CAPITAL GAIN P   2021-12-31
SEI GLOBAL PRIVATE ASSETS IV, LP K-1 SECTION 1231 GAIN P   2021-12-31
SEI GLOBAL PRIVATE ASSETS V LP K-1 SHORT-TERM CAPITAL GAIN P   2021-12-31
SEI GLOBAL PRIVATE ASSETS V LP K-1 LONG-TERM CAPITAL GAIN P   2021-12-31
SEI PRIVATE TRUST COMPANY - FORM 1099-B P   2021-12-31
SEI PRIVATE TRUST COMPANY - FORM 1099-B P   2021-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 75,139     75,139
b 60,969     60,969
c     3,112 -3,112
d 11,394     11,394
e 205,096     205,096
18,157     18,157
871     871
8,548     8,548
3,388,125   2,697,263 690,862
9,986,856   8,585,513 1,401,343
4,621,994     4,621,994
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       75,139
b       60,969
c       -3,112
d       11,394
e       205,096
      18,157
      871
      8,548
      690,862
      1,401,343
      4,621,994
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 7,091,261
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 140,880
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- ..... 5 140,880
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,705
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 126,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 146,705
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,825
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet5,825 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.REXENDOWMENT.ORG
    14
    The books are in care ofbulletKELLAN MOORE Telephone no.bullet (919) 838-1110

    Located atbullet832 WAKE FOREST ROADRALEIGHNC ZIP+4bullet276041220
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MATT LEATHERMAN CHAIR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    LATASHA BENNETT VICE-CHAIR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    KATE SIMPSON TREASURER
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    HEATHER DENNY SECRETARY
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    CRAIG CROOM DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    LIBBY GEORGE DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    BRYAN LEWIS DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    TYRAN HILL DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    WARREN LUDWIG DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    KELLAN MOORE PRESIDENT/CEO
    40.00     		212,291 42,127 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    JOHN RUSHER DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    ANDY ZUKOWSKI DIRECTOR
    1.00     		0 0 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    SUSAN SMITH CFO
    20.00     		102,213 41,692 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    SABRINA SLADE SOCIAL INNOVATION DI
    40.00     		118,179 22,629 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    MCALLISTER R MYRHA DIR. OF OPERATIONS
    40.00     		103,248 33,752 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    GLADYS A HAIRSTON DIR. OF LEARNING, RE
    40.00     		104,759 21,375 0
    832 WAKE FOREST ROAD
    RALEIGH,NC276041220
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    58,574,701
    b
    Average of monthly cash balances.......................
    1b
    25,775,325
    c
    Fair market value of all other assets (see instructions)................
    1c
    199,298
    d
    Total (add lines 1a, b, and c).........................
    1d
    84,549,324
    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
    45,804
    3
    Subtract line 2 from line 1d.........................
    3
    84,503,520
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,267,553
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    83,235,967
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,161,798
    Part X
    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 IX, line 6..................
    1
    4,161,798
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    140,880
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    140,880
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,020,918
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    48,677
    5
    Add lines 3 and 4............................
    5
    4,069,595
    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 XII, line 1 ...
    7
    4,069,595
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 4,069,595
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 437,626
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 437,626
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,672,377
    a Applied to 2020, 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 2021 distributable amount..... 3,672,377
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 397,218 397,218
    (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 40,408
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		40,408
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WAKE COUNTY SMART START
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC THE KALEIDOSCOPE PROJECT 246,435
    FAMILIES TOGETHER INC
    PO BOX 14395
    RALEIGH,NC27620     		  PC AFFORDABLE HOUSING FOR HOMELESS FAMILIES 178,307
    SOUTHEAST RALEIGH PROMISE INC
    900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC WHOLE SCHOOL, WHOLE CHILD 162,002
    WAKE COUNTY PUBLIC SCHOOL SYSTEM
    5625 DILLARD DRIVE
    CARY,NC27518     		  PC POSITIVE PARENTING IN WAKE EXPANSION 150,000
    EVOLVE MENTORING INC
    2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC MY BROTHER'S (AND SISTER'S) KEEPER OF WAKE COUNTY 121,990
    ARTS ACCESS INC
    3900 MERTON DRIVE SUITE 150
    RALEIGH,NC27609     		  PC ARTS ACCESS EXPANSION REQUEST - WAKE ARTS INCLUSION PROJECT 112,853
    SAFECHILD
    864 WEST MORGAN STREET
    RALEIGH,NC27603     		  PC WAKE COUNTY COMMUNITY CHILD ABUSE PREVENTION PLAN (CCAPP) EXPANSION REQUEST 112,500
    RWA CENTER
    140 MINE LAKE COURT SUITE 110
    RALEIGH,NC27615     		  PC PROJECT S.O.S. - STRENGTHEN, OPTIMIZE, SCALE/RE-RAISING A NATION. RESTORING A VILLAGE. 100,000
    EDUCATION JUSTICE ALLIANCE
    1214 E LENOIR STREET
    RALEIGH,NC27610     		  PC BUILDING WITH BLACK AND BROWN FAMILIES TO CREATE CULTURALLY AFFIRMING LEARNING ENVIRONMENTS 100,000
    WAKEMED HEALTH & HOSPITALS
    3024 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC WAKEMED PEDIATRICS LAUNCH+ 95,355
    HAVEN HOUSE SERVICES
    1008 BULLARD COURT
    RALEIGH,NC27615     		  PC JUVENILE JUSTICE AND BEHAVIORAL HEALTH TRANSFORMATION 80,220
    FAMILY PROMISE OF WAKE COUNTY INC
    903 METHOD ROAD
    RALEIGH,NC27606     		  PC FAMILY PROMISE CAPACITY BUILDING 2021-2022 80,000
    HAVEN HOUSE SERVICES
    1008 BULLARD COURT
    RALEIGH,NC27615     		  PC HAVEN HOUSE CAPACITY BUILDING 2021-2022 80,000
    MARBLES KIDS MUSEUM
    201 E HARGETT STREET
    RALEIGH,NC27601     		  PC MARBLES CAPACITY BUILDING 2021-2022 80,000
    THEGIFTED ARTS INC
    PO BOX 40277
    RALEIGH,NC27629     		  PC ORGANIZATIONAL ASSESSMENT/CAPACITY BUILDING 2021-2022 80,000
    WADE EDWARDS FOUNDATION
    714 SAINT MARYS STREET
    RALEIGH,NC27605     		  PC WELL CAPACITY BUILDING 2021-2022 80,000
    COMMUNITY MUSIC SCHOOL
    322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC THE MUSICIAN IN ME: ENHANCING CMS'S PROGRAM IMPACT 40,087
    LEARNING TOGETHER INC
    568 EAST LENOIR STREET SUITE 204
    RALEIGH,NC27601     		  PC BUILDING A STRONG COMMUNITY 40,000
    THE HOPE CENTER AT PULLEN
    112 COX AVENUE SUITE 100-A
    RALEIGH,NC27605     		  PC THE HOPE CENTER: BUILDING CAPACITY, EXPANDING IMPACT 38,267
    PASSAGE HOME
    PO BOX 28165
    RALEIGH,NC27611     		  PC EASTERN WAKE CHILD DEVELOPMENT PARTNERSHIP 24,250
    EAST WAKE EDUCATION FOUNDATION
    PO BOX 1404
    WENDELL,NC27591     		  PC F.A.C.E.S (FAMILY AND CHILD ENRICHMENT CENTER) 22,138
    100 BLACK MEN TRIANGLE EAST INC
    PO BOX 80606
    RALEIGH,NC27675     		  PC CAPACITY BUILDING MINI-GRANT 15,000
    COMMUNITIES IN SCHOOLS WAKE COUNTY
    971 HARP STREET
    RALEIGH,NC27604     		  PC CAPACITY BUILDING MINI-GRANT 15,000
    FIESTA CRISTIANA MISSION CONGREGATION
    100 S HUGHES STREET
    APEX,NC27502     		  PC CAPACITY BUILDING MINI-GRANT 15,000
    A NEW LEASE ON LIFE
    7920 ACC BOULEVARD SUITE 220
    RALEIGH,NC27617     		  PC CAPACITY BUILDING MINI-GRANT 15,000
    WAKE COUNTY YOUNG CHILD MENTAL HEALTH COLLABORATIVE
    3113 LANDING FALLS LANE
    RALEIGH,NC27616     		  PC CAPACITY BUILDING MINI-GRANT 15,000
    BEREAN COMMUNITY CENTER
    2400 EAST MILLBROOK ROAD
    RALEIGH,NC27604     		  PC CAPACITY BUILDING MINI-GRANT 2,500
    SMART BUS
    4595 HARRIS BROOK DRIVE
    RALEIGH,NC27616     		  PC CAPACITY BUILDING MINI-GRANT 2,500
    TRIANGLE COMMUNITY FOUNDATION
    P O BOX 12729
    DURHAM,NC27709     		  PC CONTRIBUTIONS - $25,000 POOLED FUNDING, $15,000 CORE SUPPORT 40,000
    TRIANGLE COMMUNITY FOUNDATION
    PO BOX 12729
    DURHAM,NC27709     		  PC CONTRIBUTIONS - $25,000 POOLED FUNDING FOR TRIANGLE CAPACITY BUILDING NETWORK 25,000
    NORTH CAROLINA NETWORK OF GRANTMAKERS
    3737 GLENWOOD AVENUE
    RALEIGH,NC27612     		  PC INVEST EARLY NC 5,000
    N C EARLY CHILDHOOD FOUNDATION
    514 DANIELS STREET 173
    RALEIGH,NC27605     		  PC SOCIAL EMOTIONAL HEALTH INITIATIVE - YEAR 2 5,000
    NORTH CAROLINA PARTNERSHIP FOR CHILDREN
    1100 WAKE FOREST ROAD
    RALEIGH,NC27604     		  PC SPONSORSHIP OF 2022 HOME VISITING & PARENTING EDUCATION SUMMIT 2,500
    SOUTHEAST RALEIGH PROMISE INC
    900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC FUNDING FOR SE RALEIGH CO-HUB FOR 2021 83,460
    RALEIGH ORGANIZING AGAINST RACISM LLC
    P O BOX 20402
    RALEIGH,NC27619     		  PC MARCH 10, 2021 REI GROUNDWATER TRAINING 1,800
    EL PUEBLO INC
    PO BOX 27746
    RALEIGH,NC27611     		  PC RACIAL EQUITY PLANNING 30,600
    THE RESILIENCY COLLABORATIVE
    1330 ST MARYS STREET SUITE 340
    RALEIGH,NC27605     		  PC THE RESILIENCY COLLABORATIVE DISCOVERY PHASE 20,000
    A PLACE AT THE TABLE
    300 W HARGETT STREET 50
    RALEIGH,NC27601     		  PC 150 LUNCHES FOR COVID VACCINE VOLUNTEERS ON FEBRUARY 20, 2021 2,436
    ACTIVATE GOOD
    1053 E WHITAKER MILL ROAD
    RALEIGH,NC27604     		  PC COMMUNITY VACCINE COLLABORATIVE PARTNERSHIP 20,000
    WAKEMED HEALTH & HOSPITALS
    3000 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC WAKEMED'S SISTER CIRCLE - SUPPORT FOR EFFORTS TO VACCINATE MARGNIZALIZED COMMUNITIES 5,000
    NC COUNTS COALITION
    5909 FALLS OF THE NEUSE ROAD
    RALEIGH,NC27609     		  PC WAKE COUNTY VACCINE AND HEALTH EQUITY CONSORTIUM 20,000
    UNITED WAY OF THE GREATER TRIANGLE
    P O BOX 110583
    DURHAM,NC27709     		  PC ANTI-RACIST COMMUNITY FUND 25,000
    METHODIST HOME FOR CHILDREN
    1041 WASHINGTON STREET
    RALEIGH,NC276051259     		  PC EMPLOYER MATCHING GIFT FOR SUSAN SMITH DONATION 500
    THE GIFTED ARTS INC
    PO BOX 40277
    RALEIGH,NC27629     		  PC GIFT OF APPRECIATION FOR FEEDBACK ON RFP 300
    UNITED WAY OF THE GREATER TRIANGLE
    P O BOX 110583
    DURHAM,NC27709     		  PC GIFT OF APPRECIATION FOR PRESENTATION AT MARCH BOARD MEETING 200
    RALEIGH CHAMBER
    800 S SALISBURY STREET
    RALEIGH,NC27601     		  PC ANNUAL MEMBERSHIP DUES PLUS COMMUNITY SUCCESS CONTRIBUTION 50
    ALLIANCE MEDICAL MINISTRY
    101 DONALD ROSS DR
    RALEIGH,NC27610     		  PC CONTRIBUTION IN HONOR OF PABLO ESCOBAR 1,500
    NORTH CAROLINA CENTER FOR NONPROFITS
    P O BOX 98475
    RALEIGH,NC27624     		  PC MATCHING CONTRIBUTION FOR SABRINA SLADE 200
    ACTIVATE GOOD
    1053 E WHITAKER MILL ROAD SUITE 115
    RALEIGH,NC27604     		  PC PROVIDE 80 LUNCHES FOR VOLUNTEERS ADMINISTERING COVID VACCINES 1,272
    ACTIVATE GOOD
    1053 E WHITAKER MILL ROAD SUITE 115
    RALEIGH,NC27604     		  PC DONATED LUCHES FOR VOLUNTEERS FOR THE FREE COVID VACCINE CLINIC 1,935
    Total .................................bullet 3a 2,396,157
    bApproved for future payment
    WAKE COUNTY SMART START
    4901 WATERS EDGE DRIVE SUITE 101
    RALEIGH,NC27606     		  PC THE KALEIDOSCOPE PROJECT EXPANSION REQUEST 1,927,433
    WAKEMED HEALTH & HOSPITALS
    3024 NEW BERN AVENUE
    RALEIGH,NC27610     		  PC WAKEMED PEDIATRICS LAUNCH+ 278,575
    HAVEN HOUSE SERVICES
    1008 BULLARD COURT
    RALEIGH,NC27615     		  PC JUVENILE JUSTICE AND BEHAVIORAL HEALTH TRANSFORMATION IMPLEMENTATION 215,610
    RWA CENTER
    140 MINE LAKE COURT SUITE 110
    RALEIGH,NC27615     		  PC PROJECT S.O.S. - STRENGTHEN, OPTIMIZE, SCALE/RE-RAISING A NATION. RESTORING A VILLAGE. 200,000
    EDUCATION JUSTICE ALLIANCE
    1214 E LENOIR STREET
    RALEIGH,NC27610     		  PC BUILDING WITH BLACK AND BROWN FAMILIES TO CREATE CULTURALLY AFFIRMING LEARNING ENVIRONMENTS 200,000
    SOUTHEAST RALEIGH PROMISE INC
    900 S WILMINGTON STREET SUITE 105
    RALEIGH,NC27601     		  PC WHOLE SCHOOL, WHOLE CHILD 84,755
    COMMUNITY MUSIC SCHOOL
    322 CHAPANOKE ROAD
    RALEIGH,NC27603     		  PC CAPACITY BUILDING 80,000
    EAST WAKE EDUCATION FOUNDATION
    PO BOX 1404
    WENDELL,NC27591     		  PC CAPACITY BUILDING 80,000
    PASSAGE HOME
    PO BOX 28165
    RALEIGH,NC27611     		  PC CAPACITY BUILDING 80,000
    FAMILIES TOGETHER INC
    PO BOX 14395
    RALEIGH,NC27620     		  PC AFFORDABLE HOUSING FOR HOMELESS FAMILIES 71,648
    EVOLVE MENTORING INC
    2117 MAYBROOK DRIVE
    RALEIGH,NC27610     		  PC MY BROTHER'S (AND SISTER'S) KEEPER OF WAKE COUNTY 69,500
    ARTS ACCESS INC
    3900 MERTON DRIVE SUITE 150
    RALEIGH,NC27609     		  PC ARTS ACCESS EXPANSION REQUEST - WAKE ARTS INCLUSION PROJECT 57,104
    Total .................................bullet 3b 3,344,625
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		         
    4 Dividends and interest from securities ....          
    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 7,090,160  
    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 10,264,844 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,264,844
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 24,992 2,499 0 20,566

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    COMPUTER EQUIPMENTS   PURCHASED 2021-12     14,209 COST 0 -1,101 13,108

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SEI CORE FIXED INCOME FUND 8,071,498 8,167,820
    SEI HIGH YIELD BOND FUND 3,842,008 4,111,649
    SIIT MULTI ASSET REAL RTN FUND 4,239,802 4,116,541
    SIIT EMERGING MARKETS DEBT FUND 3,977,624 4,088,888
    SEI GLOBAL PRIVATE ASSETS V 246,997 324,516

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEI WORLD EQUITY EX-US FUND 12,543,149 14,814,729
    SEI US MANAGED VOLATILITY FUND 4,985,058 5,071,948
    SEI S&P 500 INDEX FUND 3,056,444 5,880,281
    SEI DYNAMIC ASSET ALLOCA. FUND 4,528,423 6,721,042
    SEI GLOBAL MANAGED VOLAT. FUND 2,252,191 2,527,094
    SEI EXTENDED MARKET INDEX FUND 3,819,862 3,899,476
    SEI EMERGING MARKETS EQUITY FUND 2,883,064 2,456,665
    SEI SPECIAL SITUATION FUND, LTD 3,800,000 6,002,182
    SEI CORE PROPERTY FUND, LP 3,100,000 5,374,744
    SEI ENERGY DEBT FUND, LP 2,500,000 3,842,994
    SEI STRUCTURED CREDIT FUND 4,000,000 6,035,954
    SEI GLOBAL PRIVATE ASSETS IV 2,454,046 5,084,190

    TY 2021 LegalFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 14,293 1,429 0 12,864


    TY 2021 OtherAssetsSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXPENSES 14,193 7,988 7,988


    TY 2021 OtherDecreasesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Amount
    PARTNERSHIP BOOK INCOME GREATER THAN TAX INCOME 1,001,708


    TY 2021 OtherExpensesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 15,440 1,544 0 13,896
    OFFICE MAINTENANCE 6,234 193 0 5,941
    OFFICE SUPPLIES 5,172 169 0 4,970
    TELEPHONE 8,900 267 0 8,633
    OTHER EXPENSES 26,061 1,062 0 24,999


    TY 2021 OtherIncreasesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Amount
    REFUND OF PRIOR YEAR GRANTS 48,677


    TY 2021 OtherLiabilitiesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX LIABILITY 221,000 253,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER SERVICE 29,417 1,471 0 24,046
    CONSULTANTS 80,287 0 0 77,870
    INVESTMENT MANAGEMENT FEE 43,203 43,203 0 0
    OTHER PROFESSIONAL FEES 137,860 0 0 127,228


    TY 2021 TaxesSchedule
    Name:
    JOHN REX ENDOWMENT
    EIN:
    31-1678223
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 51,646 1,272 0 50,374
    FOREIGN TAXES PAID 39,284 39,284 0 0
    EXCISE TAXES 166,980 0 0 0