Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE EDWARD M ARMFIELD SR FOUNDATION I
 
Number and street (or P.O. box number if mail is not delivered to street address)324 W WENDOVER AVE 130
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENSBORO, NC27408
A Employer identification number

56-2156876
B Telephone number (see instructions)

(336) 273-7519
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$53,543,121J 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 right arrow.............
3 Interest on savings and temporary cash investments 3,563 3,563  
4 Dividends and interest from securities...   771,235  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,589,091
b Gross sales price for all assets on line 6a 6,442,472
7 Capital gain net income (from Part IV, line 2)... 1,871,999
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
List of Attached Documents:
// Content
0 -60,835  
12 Total. Add lines 1 through 11........ 2,592,654 2,585,962  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 170,201 34,040   136,161
14 Other employee salaries and wages...... 89,509 17,902   71,607
15 Pension plans, employee benefits....... 3,570 714   2,856
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
678,639 678,639   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
59,120 11,824   47,296
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
137,925 137,725   200
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,582 3,644   14,576
19 Depreciation (attach schedule) and depletion... 3,520 0  
20 Occupancy.............. 2,993 599   2,394
21 Travel, conferences, and meetings....... 3,961 792   3,169
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-3,725,460 919,675   59,318
24 Total operating and administrative expenses.
Add lines 13 through 23.......... -2,546,440 1,805,554   337,577
25 Contributions, gifts, grants paid....... 823,452 2,915,937
26 Total expenses and disbursements. Add lines 24 and 25 -1,722,988 1,805,554   3,253,514
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,315,642
b Net investment income (if negative, enter -0-) 780,408
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 1 3 3
2 Savings and temporary cash investments......... 2,835,642 2,507,955 2,507,955
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 147,685 112,410 112,410
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,101,783 Click to see attachment
List of Attached Documents:
// Content
10,856,990 		10,856,990
c Investments—corporate bonds (attach schedule)....... 2,974,250 Click to see attachment
List of Attached Documents:
// Content
3,155,134 		3,155,134
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 32,199,077 Click to see attachment
List of Attached Documents:
// Content
36,009,437 		36,009,437
14 Land, buildings, and equipment: basis right arrow57,239
Less: accumulated depreciation (attach schedule) right arrow52,540 6,518 4,699 4,699
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
73,527 		Click to see attachment
List of Attached Documents:
// Content
896,493 		Click to see attachment
List of Attached Documents:
// Content
896,493
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,338,483 53,543,121 53,543,121
Liabilities 17 Accounts payable and accrued expenses.......... 110,860 107,772
18 Grants payable................. 5,597,608 3,510,123
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
10,098,823 		Click to see attachment
List of Attached Documents:
// Content
10,078,392
23 Total liabilities (add lines 17 through 22)......... 15,807,291 13,696,287
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 35,531,192 39,846,834
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 35,531,192 39,846,834
30 Total liabilities and net assets/fund balances (see instructions). 51,338,483 53,543,121
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
35,531,192
2
Enter amount from Part I, line 27a .....................
2
4,315,642
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
39,846,834
5
Decreases not included in line 2 (itemize) right arrow
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
39,846,834
Form 990-PF (2023)
Form 990-PF (2023)
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 FUNDS P 2022-12-31 2023-12-31
b NEON LIBERTY P 2022-12-31 2023-12-31
c GOLDMAN SACHS - MEZZANINE FUND P 2022-12-31 2023-12-31
d SHEARWATER OFFSHORE LTD P 2022-12-31 2023-12-31
e NEWPORT ASIA K-1 P 2022-12-31 2023-12-31
SAPONA P 2022-12-31 2023-12-31
KABOUTER K-1 P 2022-12-31 2023-12-31
LEXINGTON CAPITAL K-1 P 2022-12-31 2023-12-31
LCP IX K-1 P 2022-12-31 2023-12-31
CASDIN GROWTH K-1 P 2022-12-31 2023-12-31
CASDIN GROWTH II K-1 P 2022-12-31 2023-12-31
HOLOWESKO - EDGEWOOD MGT P 2022-12-31 2023-12-31
BOSTWICK COMPOUND P 2022-12-31 2023-12-31
ACME-MCCRARY COMPOUND P 2022-12-31 2023-12-31
WHITEHALL K-1 P 2022-12-31 2023-12-31
NEON LIBERTY K-1 P 2022-12-31 2023-12-31
(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 3,000,000   1,732,700 1,267,300
b 396,398   185,050 211,348
c     87 -87
d 93,941   28,314 65,627
e 27,166     27,166
54,000     54,000
    296,021 -296,021
45,763     45,763
3,455     3,455
    5,676 -5,676
4,022     4,022
1,500,000   754,826 745,174
1,312,157   1,071,998 240,159
5,570     5,570
    437,708 -437,708
    58,093 -58,093
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       1,267,300
b       211,348
c       -87
d       65,627
e       27,166
      54,000
      -296,021
      45,763
      3,455
      -5,676
      4,022
      745,174
      240,159
      5,570
      -437,708
      -58,093
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 1,871,999
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 right arrow 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) 1 10,848
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 10,848
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 10,848
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 17,509
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 57,509
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 46,661
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow46,661 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowNC
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowMINDY OAKLEY Telephone no.right arrow (336) 273-7519

Located atright arrow324 WEST WENDOVER AVEGREENSBORONC ZIP+4right arrow27408
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
ADAIR P ARMFIELD DIRECTOR
2.00 		4,000 0 0
1504 EDGEDALE ROAD
GREENSBORO,NC27408
PHIFER CRUTE DIRECTOR
2.00 		4,000 0 0
5528 LINDA ROSA AVE
LAJOLLA,CA92037
JAMES C B HANCOCK DIRECTOR
2.00 		4,000 0 0
177 BLEECKER ST 12
NEW YORK,NY10012
R DAVID SPRINKLE DIRECTOR
2.00 		4,000 0 0
3017 VERBENA LN
GREENSBORO,NC27410
MELINDA W OAKLEY OFFICER
40.00 		144,413 5,787 0
1911 LAFAYETTE AVE
GREENSBORO,NC27408
LAURA ARMFIELD CANNON DIRECTOR
2.00 		4,000 0 0
101 MANNING DRIVE
CHAPEL HILL,NC27514
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
DIANA HEDGSPETH OFFICE MGR
40.00 		89,509 3,570 0
324 W WENDOVER AVE - STE 130
GREENSBORO,NC27408
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
DAVIS WRIGHT TREM LLP LEGAL 513,242
505 MONTGOMERY ST STE 800
SAN FRANCISCO,CA94111
WEAVER CONSULTING GROUP ENVIRONMENTAL CLEAN UP SERVICES 401,356
101 MAIN ST 200
HUNTINGTON,CA92648
GEOSYNTEC CONSULTANTS ENVIRONMENTAL CLEAN UP SERVICES 265,060
924 ANACAPA STREET STE 4A
SANTA BARBARA,CA93101
BROOKS PIERCE ACCOUNTING 165,397
230 N ELM ST 2000
GREENSBORO,NC27401
MONTICELLO ASSOCIATES ASSET MANAGEMENT CONSULTANT 137,500
1800 LARIMER STREET
DENVER,CO80202
Total number of others receiving over $50,000 for professional services.............right arrow1
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
14,447,211
b
Average of monthly cash balances.......................
1b
2,157,077
c
Fair market value of all other assets (see instructions)................
1c
33,938,735
d
Total (add lines 1a, b, and c).........................
1d
50,543,023
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
50,543,023
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
758,145
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
49,784,878
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,489,244
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
2,489,244
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,848
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,848
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,478,396
4
Recoveries of amounts treated as qualifying distributions................
4
5,000
5
Add lines 3 and 4............................
5
2,483,396
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
2,483,396
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
3,253,514
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,253,514
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,483,396
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 604,583
f Total of lines 3a through e ........ 604,583
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,253,514
a Applied to 2022, 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 2023 distributable amount..... 2,483,396
e Remaining amount distributed out of corpus 770,118
5 Excess distributions carryover applied to 2023. 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 1,374,701
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,374,701
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 604,583
e Excess from 2023.... 770,118
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MELINDA W OAKLEY
324 W WENDOVER AVE - STE 130
GREENSBORO,NC27408
(336) 273-7519
MINDY.OAKLEY@ARMFIELDFDN.ORG
bThe form in which applications should be submitted and information and materials they should include:
CALL FOUNDATION FOR REQUIRED GRANT APPLICATION FORM
cAny submission deadlines:
JUNE 15TH AND OCTOBER 31ST
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
COMMUNITY CAPITAL CAMPAIGNS, EDUCATIONAL INSTITUTION CAPITAL CAMPAIGNS AND EDUCATIONAL PROGRAMS IN GUILFORD, RANDOLPH AND SURRY COUNTIES IN NC.
Form 990-PF (2023)
Form 990-PF (2023)
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

ACTION GREENSBORO

122 N ELM STREET SUITE 110
GREENSBORO,NC27401 		N/A PC OPERATIONAL SUPPORT, CAMPUS GSO, BUILD S.M.A.R.T COMMS CAPAIGN 40,000

APPALACHIAN STATE UNIVERSITY

PO BOX 32059
BOONE,AZ286082059 		N/A PC SCHOLARSHIP 126,200

BIRMINGHAM-SOUTHERN COLLEGE

900 ARKADELPHIA RD
BIRMINGHAM,AL35254 		N/A PC SCHOLARSHIP 6,000

CAMPBELL UNIVERSITY

143 MAIN ST
BUIES CREEK,NC27506 		N/A PC SCHOLARSHIP 12,000

CANTERBURY SCHOOL

5400 OLD LAKE JEANETTE RD
GREENSBORO,NC274551322 		N/A PC GRANT 20,000

CENTER FOR CREATIVE LEADERSHIP

1 LEADERSHIP PLACE
GREENSBORO,NC27410 		N/A PC SURRY COUNTY SCHOOLS LEADERSHIP INITIATIVE 80,000

CHILDREN'S HOME SOCIETY OF NORTH CAROLINA

PO BOX 14608
GREENSBORO,NC27415 		N/A PC STRATEGIC PLAN IMPLEMENTATION 25,000

CITY OF ASHEBORO

PO BOX 1106
ASHEBORO,NC27204 		N/A PC ZOO CITY SPORTS COMPLEX 40,000

COASTAL CAROLINA UNIVERSITY

100 CHANTICLEER DR E
CONWAY,SC29634 		N/A PC SCHOLARSHIP 12,500

COKER UNIVERSITY

300 E COLLEGE AVE
HARTSVILLE,NC29550 		N/A PC SCHOLARSHIP 1,000

CONE HEALTH

1200 NORTH ELM STREET
GREENSBORO,NC27401 		N/A PC SCHOOL BSED TELEHEALTH IN GUILFORD COUNTY SCHOOLS 32,500

CROSSROADS PATHWAYS TO SUCCESS INC

609 GUILFORD COLLEGE RD
GREENSBORO,NC27409 		N/A PC GRANT 17,500

DAVIDSON COLLEGE

PO BOX 7162
DAVIDSON,NC28035 		N/A PC GRANT DAVIDSON TRUST 200,000

DAVIDSON COLLEGE

PO BOX 7162
DAVIDSON,NC28035 		N/A PC SCHOLARSHIP 2,500

EAST CAROLINA UNIVERSITY

SPILMAN BUILDING
GREENVILLE,NC278584353 		N/A PC SCHOLARSHIP 3,900

ELKIN CITY SCHOOLS

202 WEST SPRING ST
ELKIN,NC286213448 		N/A PC SUPPORT ESL PROGRAMS 52,317

ELON UNIVERSITY

CAMPUS BOX 2700
ELON,NC27244 		N/A PC SCHOLARSHIP 17,500

FERRUM COLLEGE

215 FERRUM MOUNTAIN RD
FERRUM,VA24088 		N/A PC SCHOLARSHIP 5,500

GARDNER-WEBB UNIVERSITY

PO BOX 997
BOILING SPRINGS,NC28017 		N/A PC SCHOLARSHIP 10,000

GREEN HILL CENTER FOR NC ART

200 N DAVIE ST SUITE 201
GREENSBORO,NC27401 		N/A PC SPONSORSHIP COLLECTORS CHOICE ANNUAL FUNDRAISING EVENT 10,000

GREENSBORO CHILDREN'S MUSUEM

220 N CHURCH ST
GREENSBORO,NC27401 		N/A PC BUILDING FOR THE FUTURE CAPITAL CAMPAIGN 25,000

GREENSBORO COLLEGE

815 W MARKET ST
GREENSBORO,NC27401 		N/A PC SCHOLARSHIP 15,000

GREENSBORO DAY SCHOOL

5401 LAWNDALE DR
GREENSBORO,NC27455 		N/A PC SUPPORT FOR PUBLIC PURPOSE PROJECTS 5,000

GREENSBORO LITERARY ORGANIZATION

304 S ELM ST
GREENSBORO,NC27401 		N/A PC OPERATING SUPPORT FOR GREENSBORO BOUND 35,000

GROVE CITY COLLEGE

100 CAMPUS DR
GROVE CITY,NC16127 		N/A PC SCHOLARSHIP 5,000

GUILFORD COLLEGE

5800 WEST FRIENDLY AVE
GREENSBORO,NC27410 		N/A PC GRANT 200,000

GUILFORD COLLEGE

5800 WEST FRIENDLY AVE
GREENSBORO,NC27410 		N/A PC SCHOLARSHIP 6,000

GUILFORD EDUCATION ALLIANCE

311 POMONA DRIVE SUITE E
GREENSBORO,NC27407 		N/A PC GRANT 25,000

HIGH POINT UNIVERSITY

1 N UNIVERSITY PKWY
HIGH POINT,NC27268 		N/A PC SCHOLARSHIP 15,000

LEES-MCRAE COLLEGE

191 MAIN ST W
BANNER ELK,NC28604 		N/A PC SCHOLARSHIP 6,736

LENOIR-RHYNE UNIVERSITY

625 7TH AVE PL NE
HICKORY,NC28604 		N/A PC SCHOLARSHIP 28,000

LIBERTY UNIVERSITY

1971 UNIVERSITY BLVD
LYNCHBURG,VA24515 		N/A PC SCHOLARSHIP 17,500

LIMESTONE COLLEGE

1115 COLLEGE DR
GAFFNEY,SC29340 		N/A PC SCHOLARSHIP 5,000

LYDIA'S PLACE SHELTER FOR WOMEN AND FAMILIES

114 FRANCIS ST
ASHEBORO,NC27203 		N/A PC SHELTER FOR WOMEN AND FAMILIES 125,000

MARS HILL UNIVERSITY

PO BOX 370
MARS HILL,NC28754 		N/A PC SCHOLARSHIP 1,000

MCCALLIE SCHOOL

500 DODDS AVENUE
CHATTANOOGA,TN37404 		N/A PC ARMFIELD ENDOWED SCHOLARHSIP FUND 100,000

MEREDITH COLLEGE

3800 HILLSBOROUGH ST
RALEIGH,NC27607 		N/A PC SCHOLARSHIP 17,500

MONTREAT COLLEGE

310 GAITHER CIRCLE
MONTREAT,NC28757 		N/A PC SCHOLARSHIP 13,000

MT AIRY CITY SCHOOLS

202 HYLTON ST
MT AIRY,NC27030 		N/A PC FUNDING FOR ENGLISH AS A SECOND LANGUAGE PROGRAMS 59,000

NORTH CAROLINA STATE UNIVERSITY

BOX 7302 / 2005 HARRIS HALL
RALEIGH,NC276957302 		N/A PC SCHOLARSHIP 96,750

NORTH CAROLINA TEXTILE FOUNDATION

1020 MAIN CAMPUS DRIVE
RALEIGH,NC27606 		N/A PC EDWARD M ARFIELD SR. & WILLIAM J ARMFIELD IV ENDOWED PIONEER SCHOLARSHIP FUND 100,000

PFEIFFER UNIVERSITY

PO BOX 960
MISENHEIMER,NC28109 		N/A PC SCHOLARSHIP 8,000

QUEENS UNIVERSITY OF CHARLOTTE

1900 SALWYN AVE
CHARLOTTE,NC28274 		N/A PC SCHOLARSHIP 12,500

READY FOR SCHOOL READY FOR LIFE

PO BOX 13844
GREENSBORO,NC27415 		N/A PC GRANT 66,667

SALEM ACADEMY

601 S CHURCH ST
WINSTONSALEM,NC27101 		N/A PC GRANT 166,667

SALVATION ARMY OF SURRY COUNTY

P O BOX 443
MT AIRY,NC27030 		N/A PC ANNUAL HOLDIAY GIFT TO SUPPORT OPERATIONS 10,000

SHIFTED

125 S ELM ST 500
GREENSBORO,NC27401 		N/A PC CAROLINA COLLEGE ADVISING CORPS GRANT 500,000

SUMMIT SCHOOL

2100 REYNOLDA RD
WINSTONSALEM,NC27106 		N/A PC GRANT 500

THE BLAKE ODUM MOTIVATIONAL FDN

PO BOX 13144
GREENSBORO,NC27415 		N/A PC GRANT 50,000

UNC-ASHEVILLE

1 UNIVERSITY HEIGHTS
ASHEVILLE,NC28804 		N/A PC SCHOLARSHIP 1,500

UNC-CHAPEL HILL

103 BYRUM HALL
CHAPEL HILL,NC27599 		N/A PC SCHOLARSHIP 90,950

UNC-CHAPEL HILLCAROLINA COLL ADV CORPS

UNIVERSITY DEVELOPMENT C/O BANK OF
AMERICA LOCKBOX SERVICES PO BOX 402
ATLANTA,GA303842420 		  PC CAROLINA COLLEGE ADVISING CORPS GRANT 200,000

UNC-CHARLOTTE

9201 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		N/A PC SCHOLARSHIP 55,250

UNC-GREENSBORO

PO BOX 26177
GREENSBORO,NC27402 		N/A PC SCHOLARSHIP 6,000

UNC-PEMBROKE

PO BOX 1510
PEMBROKE,NC28372 		N/A PC SCHOLARSHIP 10,000

UNC-WILMINGTON

601 S COLLEGE RD
WILMINGTON,NC28403 		N/A PC SCHOLARSHIP 18,000

UNIVERSITY OF CENTRAL ARKANSAS

210 DONAGHEY AVE
CONWAY,AR72035 		N/A PC SCHOLARSHIP 5,000

UNIVERSITY OF PITTSBURGH

4200 FIFTH AVENUE
PITTSBURGH,PA15260 		N/A PC SCHOLARSHIP 12,500

UNIVERSITY OF TENNESSEE

211 STUDENT SERVICES BLDG
KNOXVILLE,TN37996 		N/A PC SCHOLARSHIP 22,500

VIRGINIA POLYTECHNIC INST& STATE UNIV

800 WASHINGTON ST SW
BLACKSBURG,VA24061 		N/A PC SCHOLARSHIP 10,000

WAKE FOREST UNIVERSITY

PO BOX 7246
WINSTONSALEM,NC27109 		N/A PC SCHOLARSHIP 14,000

WESTERN CAROLINA UNIVERSITY

HFR ADMINISTRATION BUILDING
CULLOWHEE,NC28723 		N/A PC SCHOLARSHIP 11,000

WINSTON SALEM STATE UNIVERSITY

601 S MARTIN LUTHER KING JR DR
PEMBROKE,NC28372 		N/A PC SCHOLARSHIP 5,000

YWCA

1807 EAST WENDOVER AVE
GREENSBORO,NC27405 		N/A PC EMERGENCY WINTER SHELTER 25,000
Total .................................right arrow 3a 2,915,937
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 3,563  
4 Dividends and interest from securities .... 525990 1,968 14    
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 525990 -14      
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property 525990 212 14    
7 Other investment income ..... 525990   14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 4,977 18 2,587,382  
9 Net income or (loss) from special events: 525990 -5,434      
10 Gross profit or (loss) from sales of inventory     01    
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,709 2,590,945 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,592,654
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 59,120 11,824   47,296

TY 2023 GeneralExplanationAttachment
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Identifier Return Reference Explanation
  FORM 990-PF, PART VII-B, LINE 1A(4) - FORM 4720 EXCEPTION EXPLANATION: THE ORGANIZATION PAYS REASONABLE COMPENSATION TO SOME OFFICERS OF THE CORPORATION. THIS MEETS THE EXCEPTION; THEREFORE, FORM 4720 HAS NOT BEEN PREPARED.

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Name of Bond End of Year Book Value End of Year Fair Market Value
PIMCO FUNDS 3,155,134 3,155,134

TY 2023 InvestmentsCorpStockSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Name of Stock End of Year Book Value End of Year Fair Market Value
BANK OF NORTH CAROLINA STOCK 19,347 19,347
VANGUARD DIVIDEND FUND 10,837,643 10,837,643

TY 2023 InvestmentsOtherSchedule2
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BOSTWICK COMPOUND OFFSHORE LTD FMV 1,786,046 1,786,046
CANYON DISTRESSED OPPORTUNITY FUND III FMV 1,256,203 1,256,203
CANYON REALIZATION FUND FMV 3,226,513 3,226,513
CASDIN PRIVATE GROWTH FMV 783,377 783,377
CASDIN PRIVATE GROWTH EQUITY FUND II FMV 788,996 788,996
DODGE AND COX FMV 2,277,050 2,277,050
EDGEWOOD GROWTH FUND FMV 5,702,301 5,702,301
GQG PARTNERS FUND FMV 1,015,981 1,015,981
HARBINGER DISTRESSED DEBT FUNDS FMV 704 704
INDUS SELECT FUND FMV 3,412,176 3,412,176
LEXINGTON PARTNERS FMV 1,774,038 1,774,038
MAVERICK STABLE FUND FMV 4,422,081 4,422,081
MORGAN STANLEY RE OFFSHORE GLOBAL FUND FMV 9,372 9,372
NEWPORT ASIA INSTITUTIONAL FUND FMV 1,519,976 1,519,976
NUT TREE DOWNDOWN FUND FMV 1,244,728 1,244,728
SELECT EQUITY OFFSHORE FUND FMV 2,671,147 2,671,147
SHEARWATER OFFSHORE SECURITIES FMV 156,778 156,778
SPYGLASS CAPITAL FUND FMV 2,590,400 2,590,400
DAVIDSON KEMPER INTERNATIONAL FMV 1,266,905 1,266,905
NEON LIBERTY LORIKEET MASTER FUND FMV 104,665 104,665

TY 2023 LegalFeesSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 678,639 678,639   0


TY 2023 OtherAssetsSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INCOME TAX RECEIVABLE 17,509 6,497 6,497
SALES TAX RECEIVABLE 1,716 1,378 1,378
RECEIVBLE FROM REDEMPTION OF INVESTMENTS 54,302 888,618 888,618


TY 2023 OtherExpensesSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SANTA BARBARA ENVIRONMENTAL EXPENSE 698,500 698,500   0
DUES AND SUBSCRIPTIONS 268 54   214
ROU LEASE EXPENSE 24,267 4,656   18,623
UNREALIZED GAINS -4,705,091 0   0
INSURANCE 24,899 4,980   19,919
OFFICE SUPPLIES 25,353 5,141   20,562
NEGATIVE DIVIDEND EFILING ADJUSTMENT 206,344 206,344   0


TY 2023 OtherIncomeSchedule2
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NEWPORT ASIA K-1 0 -21,418 0
WHITEHALL K-1 0 -50 0
NORTH HAVEN K-1 0 -340 0
KABOUTER K-1 0 -10,389 0
LEXINGTON K-1 0 -14,892 0
LCP IX K-1 0 -694 0
CASDIN GROWTH FUND K-1 0 -12,721 0
CASDIN GROWTH FUND II K01 0 -331 0


TY 2023 OtherLiabilitiesSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Description Beginning of Year - Book Value End of Year - Book Value
SETTLEMENT PAYABLE 10,000,000 10,000,000
LEASE PAYABLE 98,823 78,392


TY 2023 OtherProfessionalFeesSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 250 50   200
INVESTMENT MANAGEMENT 137,675 137,675   0


TY 2023 TaxesSchedule
Name:
THE EDWARD M ARMFIELD SR FOUNDATION I
EIN:
56-2156876
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME TAXES 11,362 0   0
PAYROLL TAXES 18,220 3,644   14,576