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 07-01-2021 , and ending 06-30-2022
Name of foundation
JOHN WILLIAM POPE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4601 SIX FORKS ROAD SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27609
A Employer identification number

58-1691765
B Telephone number (see instructions)

(919) 861-6445
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$176,239,129J 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 815,866 815,866  
4 Dividends and interest from securities... 2,174,325 2,174,325  
5a Gross rents............ 278,342 278,342  
b Net rental income or (loss) 149,440
6a Net gain or (loss) from sale of assets not on line 10 1,020,845
b Gross sales price for all assets on line 6a 1,312,833
7 Capital gain net income (from Part IV, line 2)... 1,020,845
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 237 237 0
12 Total. Add lines 1 through 11........ 4,289,615 4,289,615 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 384,989 20,033 0 364,956
14 Other employee salaries and wages...... 153,865 0 0 153,865
15 Pension plans, employee benefits....... 51,243 1,491 0 49,752
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,857 7,886 0 1,971
c Other professional fees (attach schedule).... Click to see attachment 71,739 510 0 71,229
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 74,271 1,180 0 28,549
19 Depreciation (attach schedule) and depletion... Click to see attachment 45,700 45,700 0
20 Occupancy.............. 53,942 1,969 0 51,973
21 Travel, conferences, and meetings....... 109,444 0 0 109,444
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 414,566 380,450 0 34,116
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,369,616 459,219 0 865,855
25 Contributions, gifts, grants paid....... 14,673,717 14,673,717
26 Total expenses and disbursements. Add lines 24 and 25 16,043,333 459,219 0 15,539,572
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,753,718
b Net investment income (if negative, enter -0-) 3,830,396
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............. 11,674 688,481 688,481
2 Savings and temporary cash investments......... 58,561,066 30,296,388 30,305,553
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)....... 418,030 Click to see attachment418,030 3,554,478
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,401,040
Less: accumulated depreciation (attach schedule) bullet287,781 2,158,959 Click to see attachment2,113,259 2,401,040
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 93,112,646 Click to see attachment108,992,499 139,189,577
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment100,000 Click to see attachment100,000 Click to see attachment100,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 154,362,375 142,608,657 176,239,129
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 154,362,375 142,608,657
29 Total net assets or fund balances (see instructions)..... 154,362,375 142,608,657
30 Total liabilities and net assets/fund balances (see instructions). 154,362,375 142,608,657
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
154,362,375
2
Enter amount from Part I, line 27a .....................
2
-11,753,718
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
142,608,657
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
142,608,657
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 VANGUARD      
b VANGUARD      
c U.S. TRUST      
d U.S. TRUST      
e T.D. AMERITRADE      
T.D. AMERITRADE      
FINANCIAL ASCENT TE LIMITED PARTNERSHIP K-1      
FINANCIAL ASCENT TE LIMITED PARTNERSHIP K-1      
(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 12,240   21,753 -9,513
b 510,238   526,500 -16,262
c       -63,984
d       -285,552
e 615,373   662,164 -46,791
174,982   203,746 -28,764
      107,884
      1,363,827
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       -9,513
b       -16,262
c       -63,984
d       -285,552
e       -46,791
      -28,764
      107,884
      1,363,827
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 1,020,845
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 -12,404
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 53,243
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 53,243
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 52,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 67,500
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 14,257
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet14,257 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)
    bulletGA, NC
    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.JWPF.ORG
    14
    The books are in care ofbulletJOHN M HOOD PRESIDENT Telephone no.bullet (919) 861-6445

    Located atbullet4601 SIX FORKS ROAD SUITE 300RALEIGHNC ZIP+4bullet27609
    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
    JAMES ARTHUR POPE CHAIRMAN
    10.00     		0 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    AMANDA J POPE VICE CHAIRMAN
    1.00     		0 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    JOYCE L POPE BOARD MEMBER
    15.00     		0 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    DAVID M STOVER BOARD MEMBER
    10.00     		25,000 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    JOHN M HOOD PRESIDENT
    40.00     		264,656 29,605 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    IRIS TURNER ASSISTANT SECRETARY/TREASURER
    27.00     		45,333 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    EARLE POPE BOARD MEMBER
    0.50     		0 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    MICHAEL SMITH BOARD MEMBER
    1.00     		25,000 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    MICHAEL MCKNIGHT BOARD MEMBER
    1.00     		25,000 0 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    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
    LINDSAY HOLLANDSWORTH COMM. DIRECTOR
    40.00     		85,010 9,954 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    SARAH GLAD PROGRAM OFFICER
    40.00     		54,417 10,612 0
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    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
    DAVID M STOVER CONSULTING FEES 69,039
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    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 THE JOHN WILLIAM POPE FOUNDATION DISTRIBUTED $14,673,717 TO 184 ORGANIZATIONS DURING THE FISCAL YEAR ENDING 6/30/2022 FOR EDUCATIONAL, CIVIC, AND OTHER PURPOSES. 14,673,717
    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
    145,533,904
    b
    Average of monthly cash balances.......................
    1b
    46,656,079
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,566,443
    d
    Total (add lines 1a, b, and c).........................
    1d
    194,756,426
    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
    194,756,426
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,921,346
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    191,835,080
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    9,591,754
    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
    9,591,754
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    53,243
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    53,243
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,538,511
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,538,511
    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
    9,538,511
    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 9,538,511
    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...... 2,511,826
    b From 2017...... 4,205,881
    c From 2018...... 2,208,017
    d From 2019...... 2,716,632
    e From 2020...... 3,687,805
    f Total of lines 3a through e ........ 15,330,161
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 15,539,572
    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..... 9,538,511
    e Remaining amount distributed out of corpus 6,001,061
    5 Excess distributions carryover applied to 2021. 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 21,331,222
    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) ...     		2,511,826
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		18,819,396
    10 Analysis of line 9:
    a Excess from 2017.... 4,205,881
    b Excess from 2018.... 2,208,017
    c Excess from 2019.... 2,716,632
    d Excess from 2020.... 3,687,805
    e Excess from 2021.... 6,001,061
    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 e-mail address of the person to whom applications should be addressed:
    JOHN M HOOD
    4601 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609
    (919) 861-6445
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST FOR GRANT WITH REASONS FOR NEED.
    cAny submission deadlines:
    NO FORMAL SUBMISSION DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO FORMAL RESTRICTIONS.
    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
    50CAN INC DBA NORTHCAROLINACAN
    808 GLENDALE DR
    GREENSBORO,NC27406     		NONE PC RESTRICTED - CAROLINACAN 15,000
    ACTON INSTITUTE FOR THE STUDY OF RELIGION & LIBERTY
    98 E FULTON STREET
    GRAND RAPIDS,MI49503     		NONE PC UNRESTRICTED GRANT 10,000
    ACTS OF VANCE COUNTY INC
    305 S CHESTNUT STREET
    HENDERSON,NC27536     		NONE PC UNRESTRICTED 15,000
    ALICE AYCOCK POE CENTER FOR HEALTH EDUCATION
    224 SUNNYBROOK RD
    RALEIGH,NC27610     		NONE PC UNRESTRICTED 5,000
    ALLIANCE MEDICAL MINISTRY
    101 DONALD ROSS DRIVE
    RALEIGH,NC27610     		NONE PC RESTRICTED - $35K TO PATIENT CARE SERVICES, $25K TO HEALTH & HOPE NOW 60,000
    AMERICA'S FUTURE
    1633 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20009     		NONE PC UNRESTRICTED GRANT 10,000
    AMERICAN COUNCIL OF TRUSTEES AND ALUMNI
    1726 M STREET NW SUITE 802
    WASHINGTON,DC20036     		NONE PC UNRESTRICTED GRANT 10,000
    AMERICAN ENTERPRISE INSTITUTE
    1789 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		NONE PC UNRESTRICTED GRANT 25,000
    AMERICAN INSTITUTE FOR ECONOMIC RESEARCH
    PO BOX 1000
    GREAT BARRINGTON,MA01230     		NONE PC UNRESTRICTED GRANT 15,000
    AMERICAN JURIS LINK
    9407 N 32 ST
    PHOENIX,AZ85020     		NONE PC UNRESTRICTED GRANT 25,000
    AMERICAN LEGISLATIVE EXCHANGE COUNCIL
    2900 CRYSTAL DRIVE SUITE 600
    ARLINGTON,VA22202     		NONE PC UNRESTRICTED GRANT 25,000
    ANTONIN SCALIA LAW SCHOOL AT GMU
    3301 FAIRFAX DRIVE MS 1G3
    ARLINGTON,VA22201     		NONE PC RESTRICTED - LAW & ECONOMICS CENTER WITH $25,000 DESIGNATED FOR THE CAPLAW FORUM 50,000
    ARCHBRIDGE INSTITUTE
    810 7TH STREET NE
    WASHINGTON,DC20002     		NONE PC UNRESTRICTED GRANT 25,000
    ARTSPLOSURE
    19 W HARGETT STREET SUITE 310
    RALEIGH,NC27601     		NONE PC UNRESTRICTED 15,000
    ASHBROOK CENTER AT ASHLAND UNIVERSITY
    401 COLLEGE AVENUE
    ASHLAND,OH44805     		NONE PC RESTRICTED - ASHBROOK CENTER,DESIGNATED FOR TEACHING AMERICAN HISTORY IN NC 40,000
    ASHEVILLE SCHOOL
    360 ASHEVILLE SCHOOL ROAD
    ASHEVILLE,NC28806     		NONE PC RESTRICTED - WESTERN CIVILIZATION PROGRAM 500,000
    ASHEVILLE SCHOOL
    360 ASHEVILLE SCHOOL ROAD
    ASHEVILLE,NC28806     		NONE PC UNRESTRICTED 50,000
    ATLAS ECONOMIC RESEARCH FOUNDATION DBA ATLAS NETWORK
    4075 WILSON BLVD 310
    ARLINGTON,VA22203     		NONE PC $40,000 UNRESTRICTED GRANT; $50,000 RESTRICTED - UKRAINE FREEDOM FUND 90,000
    AUTISM SOCIETY OF NORTH CAROLINA
    5121 KINGDOM WAY SUITE 100
    RALEIGH,NC27607     		NONE PC RESTRICTED - VANCE COUNTY 5,000
    AVA GARDNER MUSEUM INC
    325 E MARKET STREET
    SMITHFIELD,NC27577     		NONE PC RESTRICTED - ROSE GARDEN AND MURAL; JWPM ARTS GRANT - 2022 30,000
    BACKSTRETCH EMPLOYEE SERVICES TEAM INC (BEST)
    2150 HEMPSTEAD TURNPIKE GATE 6
    COTTAGE 28B
    ELMONT,NY11003     		NONE PC RESTRICTED - ESL & US CITIZENSHIP CLASSES 5,000
    BELMONT ABBEY COLLEGE
    100 BELMONT-MT HOLLY ROAD
    BELMONT,NC28012     		NONE PC RESTRICTED - HONORS COLLEGE 40,000
    BEST NC-NC BUSINESS LEADERS FOR EDUCATION
    100 SAS CAMPUS DRIVE BUILDING T
    CARY,NC27513     		NONE PC UNRESTRICTED GRANT 30,000
    BOYS & GIRLS CLUB NORTH CENTRAL NC
    105 WEST STREET
    OXFORD,NC27565     		NONE PC RESTRICTED - VANCE COUNTY 20,000
    CALVIN COLLIDGE PRESIDENTIAL FOUNDATION INC
    PO BOX 97
    PLYMOUTH,VT05056     		NONE PC RESTRICTED - CENTENNIAL CONFERENCE 25,000
    CAMP CORRAL
    801 N WEST ST
    RALEIGH,NC27603     		NONE PC UNRESTRICTED 15,000
    CAMPBELL UNIVERSITY (INCLUDES CONVOCATION CTR)
    PO BOX 567
    BUIES CREEK,NC27506     		NONE PC RESTRICTED - NC HIGHER EDUCATION IN PRISONS PROGRAM 50,000
    CAPITAL RESEARCH CENTER
    1513 16TH STREET NW
    WASHINGTON,DC20036     		NONE PC UNRESTRICTED GRANT 75,000
    CAROLINA BALLET
    3401-131 ATLANTIC AVE
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 50,000
    CAROLINA LIBERTY FOUNDATION
    P O BOX 17239
    CHAPEL HILL,NC275167239     		NONE PC RESTRICTED - CAROLINA REVIEW 5,000
    CASA-COMMUNITY ALTERNATIVES FOR SUPPORTIVE ABODES
    PO BOX 12545
    RALEIGH,NC27605     		NONE PC UNRESTRICTED 10,000
    CATHOLIC CHARITIES OF THE DIOCESE OF RALEIGH
    7200 STONEHENGE DRIVE
    RALEIGH,NC27613     		NONE PC RESTRICTED - WAKE CO. SUPPORT CIRCLES 20,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVE NW
    WASHINGTON,DC20001     		NONE PC UNRESTRICTED GRANT 25,000
    CENTER FOR EQUAL OPPORTUNITY
    7700 LEESBURG PIKE SUITE 231
    FALLS CHURCH,VA22043     		NONE PC UNRESTRICTED GRANT 10,000
    CENTER FOR URBAN RENEWAL AND EDUCATION
    1317 F STREET NW SUITE 900
    WASHINGTON,DC20004     		NONE PC UNRESTRICTED GRANT 10,000
    CLEMSON UNIVERSITY FOUNDATION - INSTITUTE FOR THE STUDY OF CAPITALISM
    329 SIRRINE HALL - BOX 341310
    CLEMSON,SC296341310     		NONE PC RESTRICTED - INSTITUTE FOR THE STUDY OF CAPITALISM WITH $30K DESIGNATED FOR THE POPE LECTURE SERIES 75,000
    COLLEGE OF CHARLESTON FOUNDATION
    66 GEORGE STREET
    CHARLESTON,SC29424     		NONE PC RESTRICTED - THE CENTER FOR PUBLIC CHOICE AND MARKET PROCESS 35,000
    COMMUNITY HOUSING COALITION OF MADISON COUNTY
    13 SOUTH MAIN STREET SUITE 304
    MARSHALL,NC28753     		NONE PC RESTRICTED - BUILDING RENOVATION; JWPM IN HUMAN SERVICES 2022 50,000
    COMMUNITY MUSIC SCHOOL
    322 CHAPANOKE RD
    RALEIGH,NC27603     		NONE PC UNRESTRICTED 20,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L ST NW 7TH FLOOR
    WASHINGTON,DC20005     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 150,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L ST NW 7TH FLOOR
    WASHINGTON,DC20005     		NONE PC UNRESTRICTED GRANT 40,000
    CONCORDIA UNIVERSITY
    12800 N LAKE SHORE DRIVE
    MEQUON,WI53097     		NONE PC RESTRICTED - FREE ENTERPRISE CENTER, DESIGNATED FOR THE NC PROJECTS 10,000
    CORRAL RIDING ACADEMY
    3620 KILDAIRE FARM ROAD
    CARY,NC27518     		NONE PC UNRESTRICTED 13,500
    COWETA SAMARITAN CLINIC INC
    PO BOX 963
    NEWNAN,GA30263     		NONE PC UNRESTRICTED 15,000
    DANIEL CENTER FOR MATH AND SCIENCE
    735 ROCK QUARRY ROAD
    RALEIGH,NC27610     		NONE PC RESTRICTED - EXPANSION ENDEAVORS 60,000
    DANIEL CENTER FOR MATH AND SCIENCE
    735 ROCK QUARRY ROAD
    RALEIGH,NC27610     		NONE PC UNRESTRICTED 15,000
    DEFENSE OF FREEDOM INSTITUTE FOR POLICY STUDIES
    1455 PENNSYLVANIA AVE NW SUITE 400
    WASHINGTON,DC20004     		NONE PC UNRESTRICTED GRANT 20,000
    DONORS TRUST
    1800 DIAGONAL ROAD SUITE 280
    ALEXANDRIA,VA22314     		NONE PC RESTRICTED - ADVANCING AMERICAN FREEDOM FOUNDATION 250,000
    DOROTHEA DIX PARK CONSERVANCY
    PO BOX 28575
    RALEIGH,NC27611     		NONE PC UNRESTRICTED 10,000
    DRESS FOR SUCCESS TRIANGLE NC
    1812 TILLERY PLACE
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 25,000
    DUKE UNIVERSITY - CIVIL DISCOURSE PROJECT (FORMERLY ARETE INITIATIVE)
    102 WEST BLDG 1364 CAMPUS DRIVE
    DURHAM,NC27708     		NONE PC RESTRICTED - CIVIL DISCOURSE PROJECT 73,000
    DUKE UNIVERSITY CENTER FOR HISTORY OF POLITICAL ECONOMY (HOPE)
    DUKE UNIVERSITY BOX 90097
    DURHAM,NC27708     		NONE PC RESTRICTED - CENTER FOR THE HISTORY OF POLITICAL ECONOMY 150,000
    DUKE UNIVERSITY-NORTH CAROLINA LEADERSHIP FORUM
    SANFORD SCHOOL OF PUBLIC POLICY 201
    SCIENCE DRIVE
    DURHAM,NC27708     		NONE PC RESTRICTED - NC LEADERSHIP FORUM 50,000
    EMMAUS HOUSE OF RALEIGH
    10 N EAST STREET
    RALEIGH,NC27601     		NONE PC RESTRICTED - MEDICALLY ASSISTED RECOVERY HOUSE 50,000
    FAIR LINES AMERICA FOUNDATION
    2308 MOUNT VERNON AVENUE 176
    ALEXANDRIA,VA22301     		NONE PC UNRESTRICTED GRANT 250,000
    FALCON CHILDREN'S HOME AND FAMILY SERVICES
    7569 NORTHWEST STREET
    FALCON,NC28342     		NONE PC RESTRICTED - WOODWORKING DEPARTMENT; JWPM IN HUMAN SERVICES 2022 51,217
    FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		NONE PC UNRESTRICTED GRANT 75,000
    FELLOWSHIP HOME OF RALEIGH
    506 CUTLER STREET
    RALEIGH,NC27603     		NONE PC UNRESTRICTED 20,000
    FIRE DBA FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION
    510 WALNUT STREET SUITE 1250
    PHILADELPHIA,PA19106     		NONE PC UNRESTRICTED GRANT 60,000
    FOOD BANK OF CENTRAL AND EASTERN NC
    1924 CAPITAL BLVD
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 25,000
    FOUNDATION FOR ECONOMIC EDUCATION
    1819 PEACHTREE ROAD NE SUITE 300
    ATLANTA,GA30309     		NONE PC RESTRICTED - THE NEW ECONOMIC EDUCATION PROGRAM 30,000
    FOUNDATION FOR GOVERNMENT ACCOUNTABILITY
    15275 COLLIER BOULEVARD SUITE
    201-279
    NAPLES,FL34119     		NONE PC UNRESTRICTED GRANT 25,000
    FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY
    201 WEST FIFTH STREET SUITE 1100
    AUSTIN,TX78701     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 100,000
    FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY
    201 WEST FIFTH STREET SUITE 1100
    AUSTIN,TX78701     		NONE PC UNRESTRICTED GRANT 10,000
    FRANKLIN NEWS FOUNDATION
    20 N CLARK STREET SUITE 3300
    CHICAGO,IL60602     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 100,000
    FRANKLIN NEWS FOUNDATION
    20 N CLARK STREET SUITE 3300
    CHICAGO,IL60602     		NONE PC UNRESTRICTED GRANT 25,000
    FRASER INSTITUTE
    301 815 FIRST STREET SW
    CALGARY,ALBERTAT2P 1N3
    CA     		NONE PC $5,000 RESTRICTED - CL PRESS; $10,000 RESTRICTED - ECON JOURNAL WATCH 15,000
    FREE TO CHOOSE NETWORK
    2002 FILMORE AVENUE
    ERIE,PA16506     		NONE PC UNRESTRICTED 10,000
    FREE TO CHOOSE NETWORK
    2002 FILMORE AVENUE
    ERIE,PA16506     		NONE PC UNRESTRICTED GRANT 5,000
    FULL GOSPEL TABERNACLE
    5005 WILLOW OAK DRIVE
    LUMBERTON,NC28358     		NONE PC UNRESTRICTED 25,000
    GEORGIA CENTER FOR OPPORTUNITY
    333 RESEARCH COURT SUITE 210
    PEACHTREE CORNERS,GA30092     		NONE PC RESTRICTED - BENEFITS CLIFFS PROJECT 40,000
    GIGI'S PLAYHOUSE RALEIGH
    2887 JONES FRANKLIN ROAD
    RALEIGH,NC27606     		NONE PC UNRESTRICTED 5,000
    GODWIN PRESBYTERIAN CHURCH
    PO BOX 116
    GODWIN,NC28344     		NONE PC UNRESTRICTED 5,000
    GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION
    821 CORPORATE DRIVE
    LEXINGTON,KY40503     		NONE PC RESTRICTED - RESEARCH STUDIES 89,000
    GREEN CHAIR PROJECT THE
    1853 CAPITAL BOULEVARD
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 25,000
    HABITAT FOR HUMANITY OF WAKE COUNTY
    2420 RALEIGH BOULEVARD
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 25,000
    HEARTLAND INSTITUTE THE
    ONE SOUTH WACKER DRIVE SUITE 2740
    CHICAGO,IL60606     		NONE PC UNRESTRICTED GRANT 10,000
    HELPING HORSE THERAPEUTIC RIDING PROGRAM
    PO BOX 99609
    RALEIGH,NC27624     		NONE PC UNRESTRICTED 10,000
    HENDERSON FAMILY YMCA
    380 RUIN CREEK ROAD
    HENDERSON,NC27536     		NONE PC UNRESTRICTED 50,000
    HERITAGE FOUNDATION THE
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 150,000
    HILL LEARNING CENTER
    3200 PICKETT ROAD
    DURHAM,NC27705     		NONE PC RESTRICTED - HILLRAP 50,000
    HOPE REINS
    8420 WAKE FOREST HIGHWAY
    RALEIGH,NC27613     		NONE PC UNRESTRICTED 13,000
    HORSES N HEROES OF MARION COUNTY
    12680 N US HIGHWAY 441
    CITRA,FL32113     		NONE PC UNRESTRICTED GRANT 10,000
    INDEPENDENT INSTITUTE
    100 SWAN WAY
    OAKLAND,CA946211428     		NONE PC RESTRICTED - THE INDEPENDENT REVIEW AND PROPOSED STUDENT ESSAY COMPETITION 25,000
    INDEPENDENT WOMEN'S FORUM
    1875 I STREET NW SUITE 500
    WASHINGTON,DC20006     		NONE PC UNRESTRICTED GRANT 25,000
    INSTITUTE FOR ENERGY RESEARCH
    1155 15 ST NW SUITE 525
    WASHINGTON,DC20005     		NONE PC UNRESTRICTED GRANT - $10,000, RESTRICTED - $40,000 TO THE ENVIRONMENTAL QUALITY SCORE INITIATIVE 50,000
    INSTITUTE FOR FAMILY STUDIES
    PO BOX 1502
    CHARLOTTESVILLE,VA22902     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 125,000
    INSTITUTE FOR FREE SPEECH
    124 S WEST STREET SUITE 201
    ALEXANDRIA,VA22314     		NONE PC UNRESTRICTED GRANT 60,000
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BOULEVARD MS 1C5
    ARLINGTON,VA22201     		NONE PC RESTRICTED - 60TH ANNIVERSARY DINNER 50,000
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BOULEVARD MS 1C5
    ARLINGTON,VA22201     		NONE PC $285K UNRESTR., $40K RESTRICTED-SE SUMMER SEMINAR, $100K RESTRICTED - POPE CAROLINA FUND 425,000
    INSTITUTE FOR JUSTICE
    901 NORTH GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		NONE PC $50,000 UNRESTRICTED GRANT; $25,000 RESTRICTED - THE DAVE KENNEDY FELLOWS TRAINING PROGRAM 75,000
    INSTITUTE OF POLITICAL LEADERSHIP
    4722 OAK PARK ROAD
    RALEIGH,NC27612     		NONE PC UNRESTRICTED GRANT 50,000
    INTERCOLLEGIATE STUDIES INSTITUTE
    3901 CENTERVILLE RD
    WILMINGTON,DE198071938     		NONE PC RESTRICTED - THE FREEPACK STUDENT NEWSPAPER AT NCSU 1,000
    INTERCOLLEGIATE STUDIES INSTITUTE
    3901 CENTERVILLE RD
    WILMINGTON,DE198071938     		NONE PC UNRESTRICTED GRANT 5,000
    INTERFAITH PRISON MINISTRY FOR WOMEN
    112 SOUTH SALISBURY STREET
    RALEIGH,NC27601     		NONE PC UNRESTRICTED 30,000
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - JULY 2021 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - AUGUST 2021 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - SEPT 2021 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - OCT 2021 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - NOV 2021 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - DEC 2021 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - JAN 2022 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - FEB 2022 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - MARCH 2022 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - APRIL 2022 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - MAY 2022 37,500
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD SUITE 200
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - JUNE 2022 37,500
    JESSE HELMS CENTER FOUNDATION
    POST OFFICE BOX 247
    WINGATE,NC28174     		NONE PC $25,000 UNRESTRICTED GRANT; $25,000 RESTRICTED - FOREIGN POLICY EVENT SERIES 50,000
    JOBS FOR LIFE
    PO BOX 20368
    RALEIGH,NC27619     		NONE PC UNRESTRICTED 10,000
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - JULY 2021 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - AUGUST 2021 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - SEPT 2021 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - OCT 2021 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - NOV 2021 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - DEC 2021 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - JAN 2022 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - FEB 2022 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - MARCH 2022 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - APRIL 2022 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - MAY 2022 327,250
    JOHN LOCKE FOUNDATION
    4800 SIX FORKS ROAD 220
    RALEIGH,NC27609     		NONE PC UNRESTRICTED - JUNE 2022 327,250
    JUNIOR ACHIEVEMENT OF EASTERN NC
    4904 WATERS EDGE DRIVE SUITE 155
    RALEIGH,NC27606     		NONE PC RESTRICTED - WAKE COUNTY 10,000
    KIDZNOTES
    PO BOX 200
    DURHAM,NC27702     		NONE PC UNRESTRICTED 10,000
    LIBERTAS INSTITUTE
    2183 W MAIN STREET SUITE A102
    LEHI,UT84043     		NONE PC RESTRICTED - REGULATORY SANDBOXES WORK 10,000
    LIBERTY & LAW CENTER AT GMU SCALIA LAW
    3301 FAIRFAX DRIVE
    ARLINGTON,VA22201     		NONE PC RESTRICTED - LIBERTY & LAW CENTER 10,000
    LIFE EXPERIENCES
    260 TOWERVIEW CT
    CARY,NC27513     		NONE PC UNRESTRICTED 5,000
    LIFE LINE OUTREACH INC
    PO BOX 1632
    HENDERSON,NC27536     		NONE PC UNRESTRICTED 10,000
    LINCOLN NETWORK
    310 S HARRINGTON STREET
    RALEIGH,NC27603     		NONE PC UNRESTRICTED GRANT 45,000
    LOAVES & FISHES MINISTRY
    PO BOX 14596
    RALEIGH,NC27620     		NONE PC UNRESTRICTED 18,000
    LUCY BURNS INSTITUTE
    8383 GREENWAY BLVD SUITE 600
    MIDDLETON,WI53562     		NONE PC UNRESTRICTED GRANT 50,000
    MACKINAC CENTER FOR PUBLIC POLICY
    140 WEST MAIN STREET
    MIDLAND,MI48640     		NONE PC RESTRICTED - WORKERS FOR OPPORTUNITY PROJECT 50,000
    MADISON COUNTY ARTS COUNCIL
    90 S MAIN STREET
    MARSHALL,NC28753     		NONE PC RESTRICTED - ROOF REPLACEMENT; JWPM IN ARTS 2022 25,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
    52 VANDERBILT AVENUE THIRD FLOOR
    NEW YORK,NY10017     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 125,000
    MASONIC HOME FOR CHILDREN AT OXFORD
    600 COLLEGE STREET
    OXFORD,NC27565     		NONE PC RESTRICTED - WAKE AND VANCE COUNTY CHILDREN 25,000
    MERCATUS CENTER
    3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA22201     		NONE PC RESTRICTED - ADAM SMITH PROGRAM, FUTURE OF FREEDOM PROGRAM 125,000
    MERCATUS CENTER
    3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA22201     		NONE PC UNRESTRICTED GRANT 135,000
    MYFUTURENC
    301 NORTH WILMINGTON STREET
    RALEIGH,NC27601     		NONE PC UNRESTRICTED GRANT 25,000
    NATIONAL ASSOCIATION OF SCHOLARS
    1 AIRPORT PLACE SUITE 7
    PRINCETON,NJ08540     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 125,000
    NATIONAL REVIEW INSTITUTE
    19 WEST 44TH STREET SUITE 1701
    NEW YORK,NY10036     		NONE PC UNRESTRICTED GRANT 75,000
    NATIONAL TAXPAYERS UNION FOUNDATION
    25 MASSACHUSETTS AVE SUITE 140
    WASHINGTON,DC20001     		NONE PC UNRESTRICTED GRANT 50,000
    NC FREEENTERPRISE FOUNDATION
    PO BOX 12406
    RALEIGH,NC27605     		NONE PC RESTRICTED - CAMPAIGN FINANCE PROJECT 105,000
    NC FREEENTERPRISE FOUNDATION
    PO BOX 12406
    RALEIGH,NC27605     		NONE PC UNRESTRICTED GRANT 50,000
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - JULY 2021 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - AUGUST 2021 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - SEPT 2021 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - OCT 2021 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - NOV 2021 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - DEC 2021 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - JAN 2022 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - FEB 2022 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - MARCH 2022 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - APRIL 2022 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - MAY 2022 21,250
    NC INSTITUTE FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE ST STE G
    RALEIGH,NC27601     		NONE PC UNRESTRICTED - JUNE 2022 21,250
    NC MUSEUM OF ART FOUNDATION
    4630 MAIL SERVICE CENTER
    RALEIGH,NC276994630     		NONE PC UNRESTRICTED 50,000
    NC YOUTH LEGISLATIVE ASSEMBLY ADMINISTRATION (YLA)
    300 N SALISBURY STREET BOX 100
    RALEIGH,NC276035925     		NONE PC UNRESTRICTED 5,000
    NCSU THE ECONOMIC LEGAL AND POLITICAL FOUNDATIONS OF FREE SOCIETIES
    NCSU
    RALEIGH,NC27695     		NONE PC RESTRICTED - ECONOMIC, LEGAL & POLITICAL FOUNDATION OF FREE SOCIETIES PROGRAM 66,000
    NEIGHBOR TO NEIGHBOR
    1200 S BLOUNT STREET
    RALEIGH,NC27601     		NONE PC RESTRICTED - NEIGHBOR ENTERPRISES AND YOUTH ACADEMIC MENTORING 20,000
    NETWORK OF ENLIGHTENED WOMEN (NEW)
    1513 16TH STREET NW
    WASHINGTON,DC20036     		NONE PC UNRESTRICTED GRANT 10,000
    NEVADA POLICY RESEARCH INSTITUTE
    7130 PLACID STREET
    LAS VEGAS,NV89119     		NONE PC UNRESTRICTED GRANT 10,000
    NEW CIVIL LIBERTIES ALLIANCE
    1225 19TH STREET NW SUITE 450
    WASHINGTON,DC20036     		NONE PC UNRESTRICTED GRANT 50,000
    NEW VOCATIONS RACEHORSE ADOPTIONS PROGRAM
    719 DOLAN LANE
    LEXINGTON,KY40511     		NONE PC UNRESTRICTED 50,000
    NORTH CAROLINA CENTER ON ACTUAL INNOCENCE
    SHANNON PLAZA BLVD BOX 52446
    DURHAM,NC27717     		NONE PC UNRESTRICTED GRANT 20,000
    NORTH CAROLINA FAMILY POLICY COUNCIL
    PO BOX 20607
    RALEIGH,NC27619     		NONE PC $110,000 UNRESTRICTED GRANT; $75,000 RESTRICTED - CIVIC EDUCATION OUTREACH 185,000
    NORTH CAROLINA MASTER CHORALE
    2 E SOUTH STREET SUITE 25
    RALEIGH,NC27601     		NONE PC UNRESTRICTED 20,000
    NORTH CAROLINA OPERA COMPANY
    612 WADE AVENUE SUITE 100
    RALEIGH,NC27605     		NONE PC UNRESTRICTED 35,000
    NORTH CAROLINA SYMPHONY
    3700 GLENWOOD AVE SUITE 130
    RALEIGH,NC27612     		NONE PC UNRESTRICTED 50,000
    NOTE IN THE POCKET
    9650 STRICKLAND ROAD SUITE 103-168
    RALEIGH,NC27615     		NONE PC UNRESTRICTED 25,000
    OAK CITY CARES
    1430 S WILMINGTON STREET
    RALEIGH,NC27603     		NONE PC UNRESTRICTED 10,000
    OCCONEECHEE COUNCIL - BSA
    3231 ATLANTIC AVE
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 15,000
    PACIFIC LEGAL FOUNDATION
    555 CAPITOL MALL SUITE 1290
    SACRAMENTO,CA95814     		NONE PC UNRESTRICTED GRANT 10,000
    PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY
    101 MONTGOMERY STREET SUITE 1300
    SAN FRANCISCO,CA94104     		NONE PC UNRESTRICTED GRANT 15,000
    PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA
    3100 SMOKETREE COURT SUITE 501
    RALEIGH,NC27604     		NONE PC UNRESTRICTED 50,000
    PEOPLE UNITED FOR PRIVACY
    PO BOX 3282
    GLENDALE,AZ85312     		NONE PC UNRESTRICTED 25,000
    PEOPLE UNITED FOR PRIVACY
    PO BOX 3282
    GLENDALE,AZ85312     		NONE PC UNRESTRICTED GRANT 10,000
    PERFORMANCE EDGE
    1408 DIXIE TRAIL
    RALEIGH,NC27607     		NONE PC UNRESTRICTED 7,500
    PHILADELPHIA SOCIETY
    2000 MADISON AVENUE SE
    GRAND RAPIDS,MI49507     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 50,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET NW SUITE 550 SOUTH
    WASHINGTON,DC20036     		NONE PC $50,000 UNRESTRICTED GRANT; $25,000 RESTRICTED - TRUE DIVERSITY INITIATIVE 75,000
    PHILHARMONIC ASSOCIATION INC
    PO BOX 782
    CARY,NC27512     		NONE PC UNRESTRICTED 10,000
    PHILHARMONIC ASSOCIATION INC
    PO BOX 782
    CARY,NC27512     		NONE PC UNRESTRICTED 500
    POPE FAMILY EAGLE SCOUT SCHOLARSHIP
    3231 ATLANTIC AVE
    RALEIGH,NC27604     		NONE PC RESTRICTED - POPE EAGLE SCOUT SCHOLARSHIP 20,000
    PRESERVATION NORTH CAROLINA
    PO BOX 27644
    RALEIGH,NC276117644     		NONE PC UNRESTRICTED 10,000
    PREVENT CHILD ABUSE NC
    3000 AERIAL CENTER PARKWAY SUITE
    180
    MORRISVILLE,NC27560     		NONE PC UNRESTRICTED 75,000
    PROPERTY AND ENVIRONMENT RESEARCH CENTER (PERC)
    2048 ANALYSIS DR SUITE A
    BOZEMAN,MT59718     		NONE PC UNRESTRICTED GRANT 15,000
    PUBLIC INTEREST LEGAL FOUNDATION
    32 E WASHINGTON STREET SUITE 1675
    INDIANAPOLIS,IN46204     		NONE PC UNRESTRICTED GRANT 85,000
    RALEIGH CAMERATA
    201 FISHBURN DRIVE
    APEX,NC27523     		NONE PC UNRESTRICTED 5,000
    RALEIGH CHARTER HIGH SCHOOL
    1307 GLENWOOD AVENUE
    RALEIGH,NC27605     		NONE PC UNRESTRICTED 50,000
    RALEIGH FINE ARTS SOCIETY
    PO BOX 10614
    RALEIGH,NC27605     		NONE PC UNRESTRICTED 30,000
    RALEIGH LITTLE THEATRE
    301 POGUE STREET
    RALEIGH,NC27607     		NONE PC UNRESTRICTED 15,000
    RALEIGH RESCUE MISSION INC
    PO BOX 27391
    RALEIGH,NC27611     		NONE PC UNRESTRICTED 75,000
    RAVENSCROFT SCHOOL
    7409 FALLS OF NEUSE ROAD
    RALEIGH,NC27615     		NONE PC RESTRICTED - AP HISTORY AND GOVERNMENT & POLITICS SEMINAR 125,000
    RAVENSCROFT SCHOOL
    7409 FALLS OF NEUSE ROAD
    RALEIGH,NC27615     		NONE PC UNRESTRICTED 50,000
    REAL CLEAR FOUNDATION
    666 DUNDEE ROAD BLDG 600
    NORTHBROOK,IL60062     		NONE PC UNRESTRICTED GRANT 50,000
    REALITY MINISTRIES
    916 LAMOND AVENUE
    DURHAM,NC27701     		NONE PC UNRESTRICTED 10,000
    REASON FOUNDATION INC
    1747 CONNECTICUT AVENUE NW
    WASHINGTON,DC20009     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 150,000
    REASON FOUNDATION INC
    1747 CONNECTICUT AVENUE NW
    WASHINGTON,DC20009     		NONE PC UNRESTRICTED GRANT 30,000
    REBUILDING TOGETHER OF THE TRIANGLE
    200 TRANS AIR DRIVE SUITE 200
    MORRISVILLE,NC27560     		NONE PC UNRESTRICTED 25,000
    SAFE FAMILIES FOR CHILDREN ALLIANCE
    4300 WEST IRVING PARK ROAD
    CHICAGO,IL60641     		NONE PC RESTRICTED - RALEIGH CHAPTER 25,000
    SAFECHILD
    864 W MORGAN STREET
    RALEIGH,NC27603     		NONE PC UNRESTRICTED 15,000
    SALVATION ARMY OF WAKE COUNTY
    PO BOX 27584
    RALEIGH,NC27611     		NONE PC UNRESTRICTED 15,000
    SECU FAMILY HOUSE AT UNC HOSPITALS
    123 OLD MASON FARM RD
    CHAPEL HILL,NC27517     		NONE PC UNRESTRICTED 35,000
    SPEECH FIRST
    1300 I STREET NW SUITE 400E
    WASHINGTON,DC20005     		NONE PC UNRESTRICTED GRANT 30,000
    STATE FINANCIAL OFFICERS FOUNDATION
    13851 W 63RD STREET SUITE 405
    SHAWNEE,KS66216     		NONE PC UNRESTRICTED GRANT 25,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE
    360
    ARLINGTON,VA222093108     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 150,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE SUITE
    360
    ARLINGTON,VA222093108     		NONE PC UNRESTRICTED GRANT 120,000
    STEPUP MINISTRY
    1701 OBERLIN RD
    RALEIGH,NC27608     		NONE PC UNRESTRICTED 30,000
    STUDENT FREE PRESS ASSOCIATIONTHE COLLEGE FIX
    PO BOX 76
    HILLSDALE,MI49242     		NONE PC UNRESTRICTED GRANT 20,000
    SURRY ARTS COUNCIL
    218 ROCKFORD STREET
    MOUNT AIRY,NC27030     		NONE PC RESTRICTED - ARTS CENTER; JWPM IN ARTS 2022 45,000
    TAHOE FUND
    PO BOX 7124
    TAHOE CITY,CA96145     		NONE PC UNRESTRICTED 5,000
    TAMMY LYNN CENTER
    739 CHAPPELL DRIVE
    RALEIGH,NC27606     		NONE PC UNRESTRICTED 20,000
    TAX FOUNDATION
    1325 G STREET NW SUITE 950
    WASHINGTON,DC20005     		NONE PC UNRESTRICTED GRANT 50,000
    TENEO
    2606 W 8TH STREET
    AUSTIN,TX78703     		NONE PC UNRESTRICTED GRANT 10,000
    THE EDUCATIONAL FOUNDATION
    PO BOX 2446
    CHAPEL HILL,NC27515     		NONE PC RESTRICTED - TRACK & FIELD SCHOLARSHIPS 133,333
    THE EMBASSY CULTURAL CENTER FOUNDATION
    PO BOX 1333
    HENDERSON,NC27536     		NONE PC RESTRICTED - HENDERSON PERFORMING ARTS CENTER 35,000
    THE FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE NW
    WASHINGTON,DC20009     		NONE PC $25K UNRESTR.,$25,000 RESTR.-POPE SCHOLARSHIP,$10,000 RESTR.-FDN FOR TEACHING ECONOMICS 60,000
    THE FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE NW
    WASHINGTON,DC20009     		NONE PC RESTRICTED - FUTURE OF FREEDOM PROGRAM 150,000
    THE JOEL FUND
    PO BOX 98837
    RALEIGH,NC27624     		NONE PC UNRESTRICTED 5,000
    THOLOS FOUNDATION (FORMERLY AMERICANS FOR TAX REFORM FOUNDATION)
    722 12TH STREET NW SUITE 400
    WASHINGTON,DC20005     		NONE PC UNRESTRICTED GRANT 25,000
    THOMAS B FORDHAM INSTITUTE
    1016 16TH STREET NW 8TH FLOOR
    WASHINGTON,DC20036     		NONE PC RESTRICTED - THE STUDY ON THE NC CHARTER SCHOOLS APPLICATION PROCESS 65,000
    THOROUGHBRED CHARITIES OF AMERICA
    2365 HARRODSBURG ROAD A200
    LEXINGTON,KY40504     		NONE PC RESTRICTED - GRANTMAKING 10,000
    TRANSITIONS LIFECARE
    250 HOSPICE CIRCLE
    RALEIGH,NC27607     		NONE PC RESTRICTED - TRANSITIONS KIDS 25,000
    TRIANGLE SPECIAL HOCKEY ASSOCIATION
    434 FINCASTLE DRIVE
    CARY,NC27513     		NONE PC UNRESTRICTED 5,000
    TROSA - TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS
    1820 JAMES STREET
    DURHAM,NC27707     		NONE PC RESTRICTED - WAKE COUNTY RESIDENTS 25,000
    TURNING POINT COMMUNITY DEVELOPMENT
    PO BOX 2656
    HENDERSON,NC27536     		NONE PC UNRESTRICTED 20,000
    UNC CH PHILOSOPHY POLITICS & ECONOMICS
    CB 3125 UNC-CH
    CHAPEL HILL,NC275993125     		NONE PC RESTRICTED - PHILOSOPHY, POLITICS & ECONOMICS 500,000
    UNC HEALTH FOUNDATION
    123 WEST FRANKLIN STREET SUITE 510
    CHAPEL HILL,NC27516     		NONE PC RESTRICTED - UNC LINEBERGER 666,667
    VIRGINIA EPISCOPAL SCHOOL
    400 VES RD
    LYNCHBURG,VA24503     		NONE PC UNRESTRICTED 50,000
    WHITE MEMORIAL PRESBYTERIAN CHURCH
    1704 OBERLIN RD
    RALEIGH,NC27608     		NONE PC UNRESTRICTED 25,000
    WINGATE UNIVERSITY
    PO BOX 159
    WINGATE,NC28174     		NONE PC RESTRICTED - PORTER B. BYRUM SCHOOL OF BUSINESS 14,000
    WITH LOVE FROM JESUS
    PO BOX 37713
    RALEIGH,NC27627     		NONE PC UNRESTRICTED 5,000
    YMCA OF THE TRIANGLE
    1601 HILLSBOROUGH STREET
    RALEIGH,NC27605     		NONE PC RESTRICTED - Y LEARNING 10,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DRIVE 6TH FLOOR
    RESTON,VA20191     		NONE PC RESTRICTED - NATIONAL JOURNALISM CENTER 20,000
    YOUNG VOICES
    1342 FLORIDA AVE NW
    WASHINGTON,DC20009     		NONE PC UNRESTRICTED GRANT 10,000
    Total .................................bullet 3a 14,673,717
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 815,866  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         149,440
    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 1,020,845  
    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 4,011,273 149,440
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,160,713
    (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.)
    5 THE FUNDS PROVIDED BY THESE ACTIVITIES ALLOW THE ORGANIZATION TO IMPROVE THE WELL-BEING OF NORTH CAROLINIANS BY ADVANCING THE IDEAS OF LIMITED GOVERNMENT, INDIVIDUAL FREEDOM, PERSONAL RESPONSIBILITY AND STRONG COMMUNITIES.
    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 WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 9,857 7,886 0 1,971

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

    TY 2021 DepreciationSchedule
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ALUMINUM CANOPY 2016-12-13 11,686 1,375 SL 39.000000000000 300 300 0  
    ROOF 2020-05-01 88,749 2,560 SL 39.000000000000 2,276 2,276 0  
    BUILDING 2015-11-18 117,000 16,875 SL 39.000000000000 3,000 3,000 0  
    LAND 2015-11-18 91,000   L   0 0 0  
    BUILDING 2015-11-18 212,500 30,650 SL 39.000000000000 5,449 5,449 0  
    LAND 2015-11-18 25,000   L   0 0 0  
    BUILDING 2015-11-18 187,100 26,984 SL 39.000000000000 4,797 4,797 0  
    LAND 2015-11-18 38,900   L   0 0 0  
    HVAC UNIT 2016-12-13 9,400 1,105 SL 39.000000000000 241 241 0  
    BUILDING 2015-11-18 136,800 19,732 SL 39.000000000000 3,508 3,508 0  
    BUILDING 2015-11-18 269,600 38,885 SL 39.000000000000 6,913 6,913 0  
    LAND 2015-11-18 15,400   L   0 0 0  
    ROOF 2019-02-21 50,105 3,053 SL 39.000000000000 1,285 1,285 0  
    BUILDING 2015-11-18 144,100 20,784 SL 39.000000000000 3,695 3,695 0  
    LAND 2015-11-18 42,200   L   0 0 0  
    LAND 2015-11-18 155,900   L   0 0 0  
    BUILDING 2015-11-18 64,000 9,231 SL 39.000000000000 1,641 1,641 0  
    LAND 2015-11-18 70,600   L   0 0 0  
    BUILDING 2015-11-18 58,800 8,482 SL 39.000000000000 1,508 1,508 0  
    LAND 2015-11-18 16,200   L   0 0 0  
    BUILDING 2015-11-18 81,000 11,683 SL 39.000000000000 2,077 2,077 0  
    LAND 2015-11-18 54,000   L   0 0 0  
    LAND 2015-11-18 73,000   L   0 0 0  
    BUILDING 2015-11-18 242,000 34,903 SL 39.000000000000 6,205 6,205 0  
    BUILDING 2015-11-18 109,410 15,779 SL 39.000000000000 2,805 2,805 0  
    LAND 2015-11-18 36,590   L   0 0 0  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BANK OF AMERICA SHARES 333,065 1,027,290
    CATO SHARES 2,300 3,483
    DOLLAR TREE SHARES 80,379 156,785
    WAL-MART SHARES 2,286 2,366,920

    TY 2021 InvestmentsLandSchedule2
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 1,782,250 287,781 1,494,469 1,782,250
    LAND 618,790 0 618,790 618,790

    TY 2021 InvestmentsOtherSchedule2
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FINANCIAL ASCENT TE LIMITED PARTNERSHIP AT COST 6,485,483 15,294,106
    NEW REPUBLIC PARTNERS LLC - PRIVATE CREDIT AT COST 5,461,226 6,224,369
    NEW REPUBLIC PARTNERS LLC - PRIVATE EQUITY AT COST 3,304,637 4,256,874
    TD AMERITRADE AT COST 4,607,712 4,087,231
    U.S. TRUST AT COST 28,396,304 27,533,403
    VANGUARD AT COST 60,737,137 81,793,594

    TY 2021 OtherAssetsSchedule
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NOTES RECEIVABLE 100,000 100,000 100,000


    TY 2021 OtherExpensesSchedule
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES - NRC 62,877 62,877 0 0
    COMMUNICATIONS/SOCIAL MEDIA 13,723 0 0 13,723
    OFFICE EXPENSE 11,814 431 0 11,383
    INSURANCE - WORKERS COMP 1,182 43 0 1,139
    BANK CHARGES 1,995 75 0 1,920
    INSURANCE - LIABILITY AND D&O 6,700 1,675 0 5,025
    INSURANCE - GENERAL LIABILITY 1,235 309 0 926
    INVESTMENT ADVISORY FEES - U.S. TRUST 51,432 51,432 0 0
    INVESTMENT ADVISORY FEES - T.D. AMERITRADE 37,479 37,479 0 0
    FINANCIAL ASCENT TE LIMITED PARTNERSHIP - PORTFOLIO DEDUCTIONS 142,927 142,927 0 0
    RENTAL EXPENSES 83,202 83,202 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 237 237 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER 1,905 476 0 1,429
    CONTRACT SERVICES 69,039 0 0 69,039
    PAYROLL SERVICE FEE 795 34 0 761


    TY 2021 TaxesSchedule
    Name:
    JOHN WILLIAM POPE FOUNDATION
    EIN:
    58-1691765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 28,419 1,180 0 27,239
    EXCISE TAX 44,542 0 0 0
    SALES TAX 1,310 0 0 1,310