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
FIRST CITIZENS FOUNDATION INC CO FIRST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 29522
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27626
A Employer identification number

57-1108547
B Telephone number (see instructions)

(919) 716-2015
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$13,595,743J 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 20,000 20,000  
4 Dividends and interest from securities... 419,301 411,188  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -374,196
b Gross sales price for all assets on line 6a 10,260,488
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
32,767    
12 Total. Add lines 1 through 11........ 97,872 431,188  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
750 750 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
71,763 71,763   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,696 5,696   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 78,209 78,209 0 0
25 Contributions, gifts, grants paid....... 758,667 758,667
26 Total expenses and disbursements. Add lines 24 and 25 836,876 78,209 0 758,667
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -739,004
b Net investment income (if negative, enter -0-) 352,979
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 371,413 443,801 443,801
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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).......   Click to see attachment
List of Attached Documents:
// Content
8,177,511 		9,452,334
c Investments—corporate bonds (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
3,640,221 		3,692,423
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).......... 12,632,296   0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
10,315 		Click to see attachment
List of Attached Documents:
// Content
7,185 		Click to see attachment
List of Attached Documents:
// Content
7,185
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,014,024 12,268,718 13,595,743
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 right arrow)   Click to see attachment
List of Attached Documents:
// Content
-1,170
23 Total liabilities (add lines 17 through 22).........   -1,170
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...........    
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........ 13,014,024 12,269,888
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)..... 13,014,024 12,269,888
30 Total liabilities and net assets/fund balances (see instructions). 13,014,024 12,268,718
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
13,014,024
2
Enter amount from Part I, line 27a .....................
2
-739,004
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,170
4
Add lines 1, 2, and 3 ..........................
4
12,276,190
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,302
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,269,888
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 24060.638 BAIRD AGGREGATE BOND FUND INST #72     2023-01-03
b 78312.713 BAIRD AGGREGATE BOND FUND INST #72     2023-01-03
c 17821.141 JIC INSTITUTIONAL BOND FUND III #9     2023-01-03
d 59786.331 JIC INSTITUTIONAL BOND FUND III #9     2023-01-03
e 18980.906 ALLSPRING CORE BOND FUND R6 CLASS #4657     2023-01-03
62446.376 ALLSPRING CORE BOND FUND R6 CLASS #4657     2023-01-03
110.577 INVESCO SMALL CAP VALUE FUND CLASS Y #8770   2022-01-11 2023-01-19
125.12 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467     2023-01-19
2267.36 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K     2023-01-19
2865.095 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2023-01-19
1142.538 DELAWARE SMALL CAP GROWTH FUND INST     2023-01-19
2908.975 DELAWARE SMALL CAP GROWTH FUND INST   2022-01-11 2023-01-19
526.553 FEDERATED HERMES MDT SMALL CAP CORE FUND     2023-01-19
2582.913 FEDERATED HERMES MDT SMALL CAP CORE FUND     2023-01-19
3548.488 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6     2023-01-19
1409.887 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6   2020-01-16 2023-01-19
1213.516 WCM FOCUSED INTERNATIONAL GROWTH FUND #840     2023-01-19
12733.05 WCM FOCUSED INTERNATIONAL GROWTH FUND #840     2023-01-19
6268. ISHARES CORE U.S. AGGREGATE BOND ETF   2023-01-03 2023-01-19
6011. ISHARES RUSSELL MID-CAP VALUE ETF   2022-05-23 2023-01-19
4141. ISHARES RUSSELL MID-CAP GROWTH ETF   2022-05-19 2023-01-19
164. ISHARES RUSSELL TOP 200 GROWTH ETF   2022-01-11 2023-01-19
5035. ISHARES MSCI USA MIN VOL FACTOR ETF   2022-07-19 2023-01-19
1388.104 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896     2023-01-19
27892.033 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896     2023-01-19
1184. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2022-10-18 2023-01-19
162. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2020-07-13 2023-01-19
5742.205 NUVEEN EMERGING MARKETS EQUITY INDEX FUNC CLASS R6 #7312     2023-01-19
7132.796 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST     2023-01-20
4831.967 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K     2023-01-25
3456.577 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K     2023-01-25
10743.88 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST     2023-01-30
11885.293 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST     2023-01-30
1581.039 INVESCO SMALL CAP VALUE FUND CLASS Y #8770     2023-04-18
1805.071 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2022-04-05 2023-04-18
22.624 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2022-10-18 2023-04-18
23658.442 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2023-04-18
99. ISHARES J.P. MORGAN USD EMERGING MARKETS BOND ETF   2023-01-19 2023-04-18
2711. ISHARES 10-20 YEAR TREASURY BOND ETF   2023-01-19 2023-04-18
73. ISHARES MSCI USA MIN VOL FACTOR ETF   2022-07-19 2023-04-18
3642. ISHARES INC CORE MSCI EMKT     2023-04-18
18263. J P MORGAN EXCHANGE TRADED FD US VALUE FACTR   2023-01-19 2023-04-18
454. J P MORGAN EXCHANGE TRADED FD US QUALTY FCTR   2023-01-19 2023-04-18
103.683 MFS INTERNATIONAL EQUITY FUND CL R6 #403   2023-01-19 2023-04-18
3497.615 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046     2023-04-18
129. SPDR BLOOMBERG HIGH YIELD BOND ETF   2023-01-19 2023-04-18
8648.644 NUVEEN EMERGING MARKETS EQUITY INDEX FUNC CLASS R6 #7312     2023-04-18
11225.525 NUVEEN EMERGING MARKETS EQUITY INDEX FUNC CLASS R6 #7312     2023-04-18
1179. VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF   2023-01-19 2023-04-18
456. VANGUARD INTL EQUITY INDEX FDS GLOBAL EX-US REAL ESTATE INDEX FD   2023-01-19 2023-04-18
1299. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX     2023-04-18
141. VANGUARD REAL ESTATE ETF   2023-01-19 2023-04-18
. LONLONG-TERM SALES PROCEEDS     2023-04-27
143.508 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2022-04-05 2023-07-18
178.296 WILLIAM BLAIR SMALL CAP GROWTH FUND CL I #1778   2023-04-18 2023-07-18
143.516 DRIEHAUS EMERGING MARKETS GROWTH FUND - INST #23   2023-04-18 2023-07-18
611.495 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #     2023-07-18
325.366 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #     2023-07-18
449. ISHARES RUSSELL MID-CAP VALUE ETF   2022-05-23 2023-07-18
413. ISHARES RUSSELL MID-CAP GROWTH ETF   2022-05-19 2023-07-18
451. ISHARES 10-20 YEAR TREASURY BOND ETF   2023-01-19 2023-07-18
16. ISHARES 10-20 YEAR TREASURY BOND ETF   2023-01-19 2023-07-18
1552. ISHARES RUSSELL TOP 200 VALUE ETF   2022-05-23 2023-07-18
1605. ISHARES RUSSELL TOP 200 GROWTH ETF   2022-01-11 2023-07-18
3092. ISHARES MSCI USA MIN VOL FACTOR ETF   2022-07-19 2023-07-18
16. ISHARES INC CORE MSCI EMKT   2023-02-03 2023-07-18
307.482 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2022-04-05 2023-07-18
42. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2023-04-18 2023-07-18
258. VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF   2023-01-19 2023-07-18
621. VANGUARD SCOTTSDALE FDS VANGUARD RUSSELL 2000 VALUE INDEX FD ETF   2023-04-18 2023-07-18
1122. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX     2023-07-18
27. VANGUARD REAL ESTATE ETF   2023-01-19 2023-07-18
9.843 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2022-04-05 2023-07-19
5.789 WILLIAM BLAIR SMALL CAP GROWTH FUND CL I #1778   2023-04-18 2023-07-19
15. ISHARES RUSSELL MID-CAP VALUE ETF   2022-05-23 2023-07-19
158. ISHARES RUSSELL TOP 200 VALUE ETF   2022-05-23 2023-07-19
75. ISHARES RUSSELL TOP 200 GROWTH ETF   2022-01-11 2023-07-19
12. ISHARES MSCI USA MIN VOL FACTOR ETF   2022-07-19 2023-07-19
1. ISHARES TR CORE MSCI EAFE ETF   2023-07-18 2023-07-19
91. J P MORGAN EXCHANGE TRADED FD US VALUE FACTR   2023-07-18 2023-07-19
27. J P MORGAN EXCHANGE TRADED FD US QUALTY FCTR   2023-07-18 2023-07-19
8.834 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2022-04-05 2023-07-19
9. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2023-04-18 2023-07-19
9. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX   2020-07-13 2023-07-19
565.442 DRIEHAUS EMERGING MARKETS GROWTH FUND - INST #23     2023-10-17
2058.259 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6     2023-10-17
832. ISHARES 10-20 YEAR TREASURY BOND ETF   2023-01-19 2023-10-17
2776. ISHARES RUSSELL TOP 200 VALUE ETF   2022-05-23 2023-10-17
881. ISHARES MSCI USA MIN VOL FACTOR ETF   2022-10-18 2023-10-17
2408. ISHARES MSCI USA MIN VOL FACTOR ETF   2022-07-19 2023-10-17
265. ISHARES INC CORE MSCI EMKT     2023-10-17
4046. J P MORGAN EXCHANGE TRADED FD US QUALTY FCTR   2022-07-19 2023-10-17
146. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2023-04-18 2023-10-17
2581. VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF     2023-10-17
140.371 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2022-04-05 2023-12-14
25.233 WILLIAM BLAIR SMALL CAP GROWTH FUND CL I #1778   2023-04-18 2023-12-14
69.685 HOTCHKIS & WILEY SMALL CAP DIVERSIFIED VALUE FUND CLASS I   2023-07-19 2023-12-14
203. ISHARES RUSSELL MID-CAP VALUE ETF   2022-05-23 2023-12-14
138. ISHARES RUSSELL MID-CAP GROWTH ETF   2022-05-19 2023-12-14
78. ISHARES 10-20 YEAR TREASURY BOND ETF   2023-01-19 2023-12-14
89. ISHARES RUSSELL TOP 200 VALUE ETF   2022-05-23 2023-12-14
361. ISHARES RUSSELL TOP 200 GROWTH ETF     2023-12-14
269. ISHARES TR CORE MSCI EAFE ETF   2022-07-26 2023-12-14
468. J P MORGAN EXCHANGE TRADED FD US VALUE FACTR   2023-07-18 2023-12-14
156. J P MORGAN EXCHANGE TRADED FD US QUALTY FCTR   2022-07-19 2023-12-14
209.011 MFS INTERNATIONAL EQUITY FUND CL R6 #403   2023-07-18 2023-12-14
23.001 THRIVENT SMALL CAP STOCK FUND CL S #94   2023-07-19 2023-12-14
94.727 TRANSAMERICA INTERNATIONAL EQUITY FUND - IS #1170   2023-07-19 2023-12-14
93. VANGUARD INTL EQUITY INDEX FDS GLOBAL EX-US REAL ESTATE INDEX FD   2023-10-17 2023-12-14
62. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX   2022-07-19 2023-12-14
92. VANGUARD REAL ESTATE ETF   2023-01-19 2023-12-14
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(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 231,704   237,014 -5,310
b 754,151   913,330 -159,179
c 253,951   258,936 -4,985
d 851,955   1,032,599 -180,644
e 209,359   214,221 -4,862
688,784   832,931 -144,147
2,164   2,288 -124
2,087   1,662 425
42,944   50,783 -7,839
40,598   33,836 6,762
9,597   10,089 -492
24,435   38,718 -14,283
10,789   10,984 -195
52,924   53,669 -745
28,601   35,607 -7,006
11,364   14,169 -2,805
25,642   22,939 2,703
269,049   201,968 67,081
629,028   612,018 17,010
651,430   663,558 -12,128
357,497   338,858 18,639
20,144   27,396 -7,252
361,491   359,729 1,762
14,367   12,867 1,500
288,683   283,652 5,031
54,819   48,804 6,015
7,501   6,421 1,080
60,925   67,429 -6,504
54,352   77,273 -22,921
94,078   90,892 3,186
67,300   71,301 -4,001
82,083   76,548 5,535
90,804   116,108 -25,304
30,040   32,428 -2,388
30,614   33,213 -2,599
335   269 66
350,382   276,755 73,627
8,440   8,760 -320
304,999   313,446 -8,447
5,378   5,216 162
179,608   187,830 -8,222
622,763   620,832 1,931
18,909   17,928 981
3,294   3,126 168
36,655   40,217 -3,562
11,883   12,031 -148
89,341   88,303 1,038
115,960   118,748 -2,788
29,407   29,712 -305
19,008   19,914 -906
93,060   115,534 -22,474
11,619   11,779 -160
312     312
2,553   2,641 -88
5,816   5,401 415
4,980   4,801 179
5,026   6,402 -1,376
2,675   3,265 -590
50,759   49,565 1,194
41,234   33,796 7,438
49,633   52,145 -2,512
1,761   1,850 -89
105,011   101,578 3,433
263,330   268,118 -4,788
229,857   220,910 8,947
812   808 4
3,370   3,533 -163
1,890   1,958 -68
6,716   6,502 214
80,388   73,874 6,514
88,549   68,836 19,713
2,287   2,348 -61
175   181 -6
189   175 14
1,707   1,656 51
10,771   10,341 430
12,365   12,529 -164
899   857 42
69   69  
3,353   3,339 14
1,223   1,220 3
97   102 -5
408   419 -11
716   517 199
18,620   19,002 -382
16,075   20,198 -4,123
79,295   96,196 -16,901
182,353   181,689 664
64,923   59,884 5,039
177,452   172,041 5,411
12,645   13,390 -745
178,994   155,623 23,371
6,120   6,805 -685
60,936   60,249 687
2,427   2,583 -156
812   764 48
862   910 -48
23,591   22,409 1,182
14,243   11,293 2,950
8,346   9,018 -672
6,226   5,825 401
62,510   58,144 4,366
18,822   16,074 2,748
18,015   17,171 844
7,422   6,000 1,422
6,889   6,839 50
673   670 3
1,940   1,934 6
4,029   3,604 425
4,954   4,479 475
8,212   7,710 502
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
      4,538
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       -5,310
b       -159,179
c       -4,985
d       -180,644
e       -4,862
      -144,147
      -124
      425
      -7,839
      6,762
      -492
      -14,283
      -195
      -745
      -7,006
      -2,805
      2,703
      67,081
      17,010
      -12,128
      18,639
      -7,252
      1,762
      1,500
      5,031
      6,015
      1,080
      -6,504
      -22,921
      3,186
      -4,001
      5,535
      -25,304
      -2,388
      -2,599
      66
      73,627
      -320
      -8,447
      162
      -8,222
      1,931
      981
      168
      -3,562
      -148
      1,038
      -2,788
      -305
      -906
      -22,474
      -160
      312
      -88
      415
      179
      -1,376
      -590
      1,194
      7,438
      -2,512
      -89
      3,433
      -4,788
      8,947
      4
      -163
      -68
      214
      6,514
      19,713
      -61
      -6
      14
      51
      430
      -164
      42
       
      14
      3
      -5
      -11
      199
      -382
      -4,123
      -16,901
      664
      5,039
      5,411
      -745
      23,371
      -685
      687
      -156
      48
      -48
      1,182
      2,950
      -672
      401
      4,366
      2,748
      844
      1,422
      50
      3
      6
      425
      475
      502
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -374,196
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 4,906
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 4,906
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 4,906
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,736
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,736
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 1,170
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
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 arrowSC
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 arrow  
14
The books are in care ofright arrowFIRST CITIZENS BANK, R BRANDON WHITLEY Telephone no.right arrow (919) 716-2015

Located atright arrow4300 SIX FORKS ROAD FCC-16RALEIGHNC ZIP+4right arrow27609
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)
 
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
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)
Yes
 
(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
 
No
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
FRANK B HOLDING JR CHAIRMAN
1 		0    
1230 MAIN STREET
COLUMBIA,SC29201
HOPE H BRYANT DIRECTOR
1 		0    
1230 MAIN STREET
COLUMBIA,SC29201
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 arrow  
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
12,740,608
b
Average of monthly cash balances.......................
1b
435,847
c
Fair market value of all other assets (see instructions)................
1c
6,575
d
Total (add lines 1a, b, and c).........................
1d
13,183,030
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
13,183,030
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
197,745
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,985,285
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
649,264
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
649,264
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,906
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,906
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
644,358
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
644,358
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
644,358
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
758,667
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
758,667
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 7 644,358
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...... 0
b From 2019...... 0
c From 2020...... 42,563
d From 2021...... 57,191
e From 2022...... 106,145
f Total of lines 3a through e ........ 205,899
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 758,667
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..... 644,358
e Remaining amount distributed out of corpus 114,309
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 5 320,208
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 ...... 		320,208
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 42,563
c Excess from 2021.... 57,191
d Excess from 2022.... 106,145
e Excess from 2023.... 114,309
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).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PETER BRISTOW
1230 MAIN STREET
COLUMBUS,SC29201
(803) 733-2020
bThe form in which applications should be submitted and information and materials they should include:
REQUEST FOR GRANT FORM TO BE COMPLETED
cAny submission deadlines:
NO RESTRICTIONS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO RESTRICTIONS
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

ANDERSON INTERFAITH MINISTRIES

1202 S MURRAY AVE
ANDERSON,SC29624 		NONE PC GENERAL PURPOSE 10,000

UNIVERSITY OF SC EDUCATIONAL FOUNDATION

1027 BARNWELL STREET
COLUMBIA,SC29201 		NONE PC GENERAL PURPOSE 45,167

TRI-COUNTY TECHNICAL COLLEGE FOUNDATION

POST OFFICE BOX 587
PENDLETON,SC29670 		NONE PC GENERAL PURPOSE 5,000

WELVISTA

121 GREYSTONE BLVD
COLUMBIA,SC29210 		NONE PC GENERAL PURPOSE 21,000

THE GREENWOOD PROMISE

104 MAXWELL AVE
GREENWOOD,SC29646 		NONE PC GENERAL PURPOSE 10,000

GREENVILLE CENTER FOR CREATIVE ART

101 ABNEY ST
GREENVILLE,SC29611 		NONE PC GENERAL PURPOSE 10,000

DORCHESTER ECONOMIC DEVELOPMENT CORP

594 COLUMBIA ROAD
DORCHESTER,MA02125 		NONE PC GENERAL PURPOSE 2,500

CITY OF GOOSE CREEK BERKELEY COUNTY

519 N GOOSE CREEK BLVD
GOOSE CREEK,SC29445 		NONE PC GENERAL PURPOSE 10,000

MIDLANDS HOUSING ALLIANCE

2025 MAIN STREET
COLUMBIA,SC29201 		NONE PC GENERAL PURPOSE 25,000

ROBERT S AND VIVIAN I JOHNSON FOUNDAT

PO BOX 476
LATTA,SC29565 		NONE PC GENERAL PURPOSE 5,000

Home Works Of America

3823 W BELTLINE BLVD
COLUMBIA,SC29206 		NONE PC GENERAL PURPOSE 15,000

Tri-County Technical College Found

PO BOX 587
PENDLETON,SC29670 		NONE PC GENERAL PURPOSE 5,000

South Carolina Governors School For
Science and Mathematics Foundation Inc
1122 LADY STREET
COLUMBIA,SC29201 		NONE PC GENERAL PURPOSE 7,500

Midlands Community Development Corp

2441 ATLAS ROAD
COLUMBIA,SC29209 		NONE PC GENERAL PURPOSE 20,000

KIDS UPSTATE

P O BOX 2794
SPARTANBURG,SC29304 		NONE PC GENERAL PURPOSE 10,000

UNITED WAY OF MIDLANDS

1818 BLANDING STREET
COLUMBIA,SC29201 		NONE PC GENREAL PURPOSE 10,000

Water Missions International

1150 MOLLY GREENE WAY
NORTH CHARLESTON,SC29405 		NONE PC GENERAL PURPOSE 5,000

BENEDICT COLLEGE

1600 HARDEN STREET
COLUMBIA,SC29204 		NONE PC GENERAL PURPOSE 12,500

Liberty Steam Charter School

117 N MAIN ST
SUMTER,SC29150 		NONE PC GENERAL PURPOSE 20,000

CLATLIN UNIVERSITY

400 MAGNOLIA STREET
ORANGEBURG,SC29115 		NONE PC GENERAL PURPOSE 12,500

NORTH CAROLINA MUSEUM OF ART

2110 BLUE RIDGE ROAD
RALEIGH,NC27607 		NONE PC GENERAL PURPOSE 250,000

SPOLETO FESTIVAL USA

14 GEORGE STREET
CHARLESTON,SC29401 		NONE PC GENERAL PURPOSE 15,000

GREENWOOD COUNTY COMMUNITY FOUNDATION

110 PHOENIX ST
GREENWOOD,SC29646 		NONE PC GENERAL PURPOSE 10,000

NORTHEASTERN TECHNICAL COLLEGE FD

1201 CHESTERFIELD HIGHWAY
CHERAW,SC29520 		NONE PC GENERAL PURPOSE 17,500

LANCASTER COUNTY SOCIETY FOR
HISTORICAL PRESERVATION INC
1859 CRAIG FARM RD
LANCASTER,SC29720 		NONE PC GENERAL PURPOSE 5,000

BUTLER ACADEMY

710 S 5TG STREET
HARTSVILLE,SC29550 		NONE PC GENERAL PURPOSE 10,000

DILLON COUNTY HISTORICAL SOCIETY INC

304 JOHNSON DRIVE
DILLON,SC29536 		NONE PC GENERAL PURPOSE 5,000

SOUTH CAROLINA FIRST STEPS

636 ROSEWOOD DRIVE
COLUMBIA,SC29201 		NONE PC GENERAL PURPOSE 10,000

MIRACLE HILL MINISTRIES INC

490 S PLEASANTBURG DRIVE
GREENVILLE,SC29607 		NONE PC GENERAL PURPOSE 6,667

BULL SWAMP BAPTIST CHURCH OF
ORANGEBURG INC
112 PURITY ST
ORANGEBURG,SC29115 		NONE PC GENERAL PURPOSE 10,000

PORTER-GAUD SCHOOL

300 ALBEMARLE ROAD
CHARLESTON,SC29407 		NONE PC GENERAL PURPOSE 7,500

FOOTHILLS COMMUNITY HEALTH CARE INC

PO BOX 311
CLEMSON,SC29633 		NONE PC GENERAL PURPOSE 25,000

THE CAYALYST FOUNDATION

4401 BELLE OAKS DRIVE
NORTH CHARLESTON,SC29405 		NONE PC GENERAL PURPOSE 10,000

THE LANCASTER COUNTY PARTNERS FOR
YOUTH INC
PO BOX 1023
LANCASTER,SC29721 		NONE PC GENERAL PURPOSE 10,000

THE CHAMPIONS CENTER

1700 SOUTH FANT STREET
ANDERSON,SC29624 		NONE PC GENERAL PURPOSE 5,000

DILLON COMMUNITY ALLIANCE

408 E CLEVELAND ST
DILLON,SC29536 		NONE PC GENERAL PURPOSE 10,000

TRENT HILL CENTER FOR CHILDREN & FAMILIE

121 N 5TH STREET
HARTSVILLE,SC29550 		NONE PC GENERAL PURPOSE 8,333

YMCA OF GREENVILLE

723 CLEVELAND ST
GREENVILLE,SC29601 		NONE PC GENERAL PURPOSE 17,500

CHARLESTON SOUTHERN UNIVERSITY

9200 UNIVERSITY BLVD
NORTH CHARLESTON,SC29406 		NONE PC GENERAL PURPOSE 10,000

CHARLESTON DAY SCHOOL INC

15 ARCHDALE ST
CHARLESTON,SC29401 		NONE PC GENERAL PURPOSE 7,500

MCLEOD HEALTH FOUNDATION

PO BOX 100551
FLORENCE,SC29506 		NONE PC GENERAL PURPOSE 12,500

PEE DEE COALITION AGAINST
DOMESTIC AND SEXUAL ASSAULT
PO BOX 1351
FLORENCE,SC29503 		NONE PC GENERAL PURPOSE 5,000

COMMUNITIES IN SCHOOLS INC

2345 CRYSTAL DR NO 700
ALEXANDRIA,VA22202 		NONE PC GENERAL PURPOSE 5,000

CAMP COLE FOUNDATION INC

1571 CROSSING CREEK ROAD
EASTOVER,SC29044 		NONE PC GENERAL PURPOSE 25,000
Total .................................right arrow 3a 758,667
bApproved for future payment
Total ................................. right arrow 3b  
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 20,000  
4 Dividends and interest from securities ....     14 419,301  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -374,196  
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) ..   97,872  
13Total. Add line 12, columns (b), (d), and (e)..................
13
97,872
(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:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 750 750    

TY 2023 InvestmentsCorpBondsSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Name of Bond End of Year Book Value End of Year Fair Market Value
ISHARES CORE U.S. AGGREGATE BO 3,063,603 3,109,999
ISHARES 10-20 YEAR TREASURY BO 190,688 178,629
SPDR BLOOMBERG HIGH YIELD BOND 57,770 59,490
VANECK J.P. MORGAN EM LOCAL CU 88,782 89,308
CAROLINA FINL CAP TR I CAP SEC 202,646 250,000
REGIONAL DIVER FDG LTD SER 36,732 4,997

TY 2023 InvestmentsCorpStockSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Name of Stock End of Year Book Value End of Year Fair Market Value
ARTISAN INTERNATIONAL SMALL-MI 74,177 83,901
WILLIAM BLAIR SMALL CAP GROWTH 74,334 80,689
DRIEHAUS EMERGING MARKETS GROW 188,524 196,189
GOLDMAN SACHS EMERGING MARKETS 177,564 172,209
HOTCHKIS & WILEY SMALL CAP DIV 83,309 81,370
MFS INTERNATIONAL EQUITY FUND 324,072 352,244
PEAR TREE POLARIS FGN VAL SM C 81,293 89,269
THRIVENT SMALL CAP STOCK FUND 78,799 80,757
TRANSAMERICA INTERNATIONAL EQU 343,548 349,369
ISHARES RUSSELL MID-CAP VALUE 465,872 502,954
ISHARES RUSSELL MID-CAP GROWTH 214,691 261,881
ISHARES RUSSELL TOP 200 VALUE 1,362,542 1,499,533
ISHARES RUSSELL TOP 200 GROWTH 1,685,401 2,190,951
ISHARES TR CORE MSCI EAFE ETF 642,391 702,445
ISHARES INC CORE MSCI EMKT 160,667 160,895
J P MORGAN EXCHANGE TRADED FD 453,121 492,705
J P MORGAN EXCHANGE TRADED FD 421,160 493,006
PROSHARES TR DJ BROOKFIELD GLO 43,002 43,987
VANGUARD INTL EQUITY INDEX FDS 65,139 71,594
VANGUARD SCOTTSDALE FDS VNG 70,074 78,343
VANGUARD REAL ESTATE ETF 87,267 93,043
CAROLINA FIRST MTG LN TR PFD 1,080,564 1,375,000

TY 2023 OtherAssetsSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
TOTAL ACCRUED INTEREST   7,185 7,185


TY 2023 OtherDecreasesSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Description Amount
COST BASIS ADJ-WASH SALES & ROC 6,300
ROUNDING 2


TY 2023 OtherIncomeSchedule2
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER REVENUE 32,767 0  


TY 2023 OtherIncreasesSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Description Amount
ADJUSTMENT FOR 2023 ACCRUED TAX PAYABLE 1,170


TY 2023 OtherLiabilitiesSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Description Beginning of Year - Book Value End of Year - Book Value
2022 INCOME TAX PAYABLE   -1,170


TY 2023 OtherProfessionalFeesSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 71,763 71,763    


TY 2023 TaxesSchedule
Name:
FIRST CITIZENS FOUNDATION INC CO FIRST
EIN:
57-1108547
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES ON QUALIFIED FOR 3,687 3,687   0
FOREIGN TAXES ON NONQUALIFIED 2,009 2,009   0