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 RUSSELL BENTON LEE JR CHARITABLE
TRUST
Number and street (or P.O. box number if mail is not delivered to street address)200 W 1ST ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WINSTONSALEM, NC27101
A Employer identification number

85-4232783
B Telephone number (see instructions)

(336) 860-0800
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$7,842,014J 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      
4 Dividends and interest from securities... 234,254 234,254  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -262,473
b Gross sales price for all assets on line 6a 4,220,514
7 Capital gain net income (from Part IV, line 2)... 0
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
956 0  
12 Total. Add lines 1 through 11........ -27,263 234,254  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 79,949 0   79,949
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
224 0   224
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,150 0   14,150
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
67,270 67,270   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
718 718   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
35 35   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 162,346 68,023   94,323
25 Contributions, gifts, grants paid....... 243,000 243,000
26 Total expenses and disbursements. Add lines 24 and 25 405,346 68,023   337,323
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -432,609
b Net investment income (if negative, enter -0-) 166,231
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.............      
2 Savings and temporary cash investments......... 2,072,737 1,471,812 1,471,812
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,213,594 Click to see attachment
List of Attached Documents:
// Content
6,300,746 		6,300,746
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
69,456 		69,456
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,286,331 7,842,014 7,842,014
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 7,286,331 7,842,014
29 Total net assets or fund balances (see instructions)..... 7,286,331 7,842,014
30 Total liabilities and net assets/fund balances (see instructions). 7,286,331 7,842,014
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
7,286,331
2
Enter amount from Part I, line 27a .....................
2
-432,609
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
988,292
4
Add lines 1, 2, and 3 ..........................
4
7,842,014
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
7,842,014
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 PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,220,514   4,482,987 -262,473
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -262,473
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -262,473
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 2,311
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 2,311
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 2,311
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 134
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,445
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 arrow   Refundedright arrow 11  
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
 
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 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 arrowMR JIM CREAMER Telephone no.right arrow (336) 972-4610

Located atright arrow200 W 1ST STWINSTONSALEMNC ZIP+4right arrow27101
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
JIM CREAMER TRUSTEE
20.00 		79,949 0 0
200 W 1ST ST
WINSTONSALEM,NC27101
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 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
5,205,587
b
Average of monthly cash balances.......................
1b
2,365,822
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,571,409
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
7,571,409
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
113,571
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,457,838
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
372,892
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
372,892
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,311
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,311
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
370,581
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
370,581
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
370,581
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
337,323
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
337,323
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 7 370,581
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 336,705
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 337,323
a Applied to 2022, but not more than line 2a 336,705
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..... 618
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		369,963
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 ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

REYNOLDA HOUSE INC

2250 REYNOLDA RD
WINSTONSALEM,NC27106 		  PC CAPITAL PROJECTS 243,000
Total .................................right arrow 3a 243,000
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 ........... 		         
4 Dividends and interest from securities ....     14 234,254  
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 -262,473  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURN OF CAPITAL 		    01 956  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -27,263 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-27,263
(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 RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 14,150 0   14,150

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Name of Bond End of Year Book Value End of Year Fair Market Value
SPDR BLOOMBERG 1-3 MONTH ETF 69,456 69,456

TY 2023 InvestmentsCorpStockSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 23,613 23,613
AAR CORP 2,746 2,746
ACADIA PHARMACEUTICALS INC 20,414 20,414
ADOBE SYSTEMS INCORPORATED COM 60,853 60,853
ADYEN NV UNSPON ADS EACH REP 0.01 ORD 13,035 13,035
AGILTI INC COM 4,008 4,008
AGNICO EAGLE MINES LTD COM ISIN 10,147 10,147
AIR PRODUCTS AND CHEMICALS INC 24,094 24,094
ALPHABET INC CAP STK CL A 85,770 85,770
ALPHABET INC CAP STK CL C 33,400 33,400
AMAZON.COM INC 153,307 153,307
AMERICAN TOWER CORP NEW COM 48,141 48,141
AMERIS BANCORP 21,167 21,167
ANHEUSER-BUSCH INBEV SA 27,593 27,593
ANI PHARMACEUTICALS 11,965 11,965
ARISTA NETWORKS INC COM 18,841 18,841
ARTHUR J. GALLAGHER & CO. ISIN 14,167 14,167
ASML HOLDING NV EURO.09 NY REGISTRY SHS 28,763 28,763
ASTRAZENECA ADR REP 9,564 9,564
AT&T INC COM USD1 21,546 21,546
ATLAS COPCO AB SP ADR A NEW 11,479 11,479
ATLASSIAN CORPORATION CL A 14,034 14,034
BANK AMERICA CORP 5.875 NCM 98,920 98,920
BANK AMERICA CORP 6 NCUM 99,280 99,280
BANK OF NEW YORK MELLON CORP COM 25,452 25,452
BAXTER INTERNATIONAL INC COM 20,722 20,722
BECTON DICKINSON &CO COM 24,139 24,139
BGSF INC COM 15,350 15,350
BIOGEN INC COM 22,254 22,254
BLACKROCK INC COM 27,601 27,601
BOEING 31,019 31,019
BOOZ ALLEN HAMILTON HLDG CORP CL A 11,128 11,128
BROADCOM INC COM 34,604 34,604
BROOKFIELD ASSET MANAGEMENT LTD CLASS A 12,654 12,654
BROOKFIELD CORPORATION CLASS A LTD 63,630 63,630
CADRE HLDGS INC COM 1,250 1,250
CANADIAN PAC KANSAS CITY LTD 12,412 12,412
CARMAX INC 33,535 33,535
CARTERS INC COM 16,176 16,176
CASELLA WASTE SYSTEMS INC 20,083 20,083
CATERPILLAR INC COM 41,394 41,394
CHEVRON CORP NEW COM 45,494 45,494
CISCO SYSTEMS INC 27,786 27,786
CIVITAS RESOURCES INC COM NEW 15,864 15,864
CME GROUP INC COM 29,484 29,484
COCA-COLA CO 20,331 20,331
COMCAST CORP 27,713 27,713
CONAGRA BRANDS INC 19,689 19,689
CONOCOPHILLIPS COM 19,151 19,151
CONSTELLATION BRANDS INC COM 26,351 26,351
COPART INC COM USD0.0001 28,616 28,616
CORE LABORATORIES INC COM NPV 3,726 3,726
CORTEVA INC COM 9,201 9,201
COSTAR GROUP INC 37,141 37,141
COSTCO WHOLESALE CORP COM USD0.01 24,423 24,423
COTERRA ENERGY INC COM 16,767 16,767
COUSINS PPTYS INC COM NEW 28,879 28,879
CROCS INC 19,990 19,990
CVS HEALTH CORPORATION COM 22,898 22,898
DANAHER CORPORATION COM 36,783 36,783
DATADOG INC CL A COM 19,178 19,178
DEERE & CO 28,791 28,791
DEFINITIVE HEALTHCARE CORP CLASS A COM 4,364 4,364
DENNY S CORP 27,472 27,472
DISNEY WALT CO COM 20,496 20,496
DOUGLAS ELLIMAN INC COM 38,321 38,321
DRIL-QUIP INC COM 4,282 4,282
DUKE ENERGY CORP NEW COM NEW ISIN 22,319 22,319
DUPONT DE NEMOURS INC COM 24,925 24,925
ECOVYST INC COM 17,693 17,693
EMERSON ELECTRIC CO 26,863 26,863
ENTEGRIS INC 14,618 14,618
ENTERPRISE FINL SVCS CORP COM 18,173 18,173
EQUIFAX INC COM 28,191 28,191
EVOLUTION AB ADR 7,642 7,642
FERRARI N V EURO.01 NEW 7,784 7,784
FIRST HORIZON CORPORATION COM 28,065 28,065
FIRST INTST BANCSYSTEM INC COM 26,322 26,322
FIRSTSERVICE CORP COM NPV ISIN 20,910 20,910
FLOOR & DECOR HLDGS INC CL A 12,829 12,829
FLYWIRE CORPORATION COM VTG 7,501 7,501
FORRESTER RESEARCH INC 19,116 19,116
FREEPORT-MCMORAN INC COM USD0.10 20,434 20,434
GENERAL ELECTRIC CO COM NEW 39,310 39,310
GLAUKOS CORP COM 18,680 18,680
GLORANT SA 3,332 3,332
GOLDMAN SACHS GROUP INC COM USD0.01 55,165 55,165
GREAT LAKES DREDGE & DOCK CORP 29,537 29,537
GSK PLC SPON ADS EACH REP 2 ORD 25,683 25,683
HAEMONETICS CORP MASS COM 14,195 14,195
HAMILTON LANE INC CL A 15,314 15,314
HEICO CORP NEW CL A 19,372 19,372
HELMERICH &PAYNE INC COM 12,568 12,568
HIGHWOODS PROPERTIES INC 14,763 14,763
HILTON WORLDWIDE HLDGS INC 32,048 32,048
HOME DEPOT INC 41,586 41,586
HUNTSMAN CORP 10,027 10,027
ICICI BANK LIMITED SPON ADR EACH REPR 2 11,992 11,992
IDEXX LABORATORIES INC COM USD0.10 15,541 15,541
IMPINJ INC COM 9,633 9,633
INMODE LTD COM 1,334 1,334
INOGEN INC 1,065 1,065
INSPIRE MED SYS INC COM 14,444 14,444
INTAPP INC COM 3,764 3,764
INTEL CORP COM USD0.001 38,090 38,090
INTERNATIONAL BUS MACH CORP COM USD0.20 20,444 20,444
INTERNATIONAL FLAVORS & FRAGRANCES COM 26,963 26,963
INTUIT INC 55,628 55,628
INTUITIVE SURGICAL INC 13,832 13,832
IRHYTHM TECHNOLOGIES INC COM 4,282 4,282
JOHNSON & JOHNSON COM USD1.00 28,997 28,997
JPMORGAN CHASE & CO 57,834 57,834
KELLANOVA COM 26,110 26,110
KKR &CO INC COM 32,229 32,229
KRAFT HEINZ CO COM 23,334 23,334
KRATOS DEFENSE AND SECURITY SOLUTIONS 4,058 4,058
LATHAM GROUP INC COM 1,512 1,512
LAW RESEARCH CORP COM 49,345 49,345
LENDINGTREE INC 35,899 35,899
LINDE PLC COM EURO0.001 35,321 35,321
LOANDEPOT INC COM CL A 7,885 7,885
LPL FINANCIAL HOLDINGS INC 8,422 8,422
LVMH MOET HENNESSY LOUIS VUITTON ADR 12,184 12,184
MASTERCARD INCORPORATED CL A 53,740 53,740
MCDONALD S CORP 53,372 53,372
MCKESSON CORP 11,575 11,575
MEDTRONIC PLC 23,973 23,973
MERCK & CO. INC COM 32,706 32,706
META PLATFORMS INC CLASS A COMMON STOCK 31,148 31,148
MICROSOFT CORP 58,286 58,286
MICROSOFT CORP 197,421 197,421
MONTROSE ENVIRONMENTAL GROUP I COM 7,390 7,390
MOODYS CORP COM USD0.01 27,339 27,339
NATERA INC COM 8,394 8,394
NCINO INC COM 3,598 3,598
NEOGENOMICS INC 5,873 5,873
NETFLIX INC 39,437 39,437
NEVRO CORP COM USD0.001 9,318 9,318
NORDSTROM INC COM NPV 29,502 29,502
NOVANTA INC COM NPV 4,547 4,547
NOVO NORDISK A/S ADR-EACH CNV INTO 1 16,759 16,759
NVIDIA CORPORATION COM 24,761 24,761
NVS GLOBAL INC COM 1,000 1,000
ODDITY TECH LTD ORD ILS0.001 CL A 1,861 1,861
OLD DOMINION FREIGHT LINE INC COM 8,917 8,917
OLLIES BARGAIN OUTLET HLDGS IN COM 9,562 9,562
OREILLY AUTOMOTIVE INC COM 21,852 21,852
PFIZER INC 24,011 24,011
PLANET FITNESS INC CL A 5,183 5,183
PORTLAND GENERAL ELECTRIC CO 27,391 27,391
PREMIER FINANCIAL CORP COM 24,775 24,775
PRICE T ROWE GROUPS COM 21,969 21,969
PRINCIPAL EXCHANGE TRADED FDS SPECTRUM 986,916 986,916
PROCTER AND GAMBLE CO COM 47,625 47,625
PROGRESSIVE CORP COM 44,917 44,917
PROGYNY INC COM 22,085 22,085
RAPID7 INC COM 1,713 1,713
RLJ LODGING TRUST 5,133 5,133
ROPER TECHNOLGIES INC 28,894 28,894
RTX CORPORATION COM USD 21,876 21,876
RXO INC COMMON STOCK 6,210 6,210
S&P GLOBAL INC COM 28,634 28,634
SALESFORCE INC COM 38,945 38,945
SAVERS VALUE VLG INC COM 1,529 1,529
SCHLUMBERGER LIMITED COM USD0.01 21,336 21,336
SCHWAB CHARLES CORP COM 24,218 24,218
SELECT WATER SOLUTIONS INC CL A COM 9,746 9,746
SERVICENOW INC COM USD0.001 38,857 38,857
SHERWIN-WILLIAMS CO 11,228 11,228
SIMMONS FIRST NATIONAL CORP 17,241 17,241
SIMON PROPERTY GROUP INC 28,528 28,528
SITEONE LANDSCAPE SUPPLY INC COM 15,925 15,925
SITIME CORP COM 3,540 3,540
SITIO ROYALTIES CORP CLASS A COM 12,648 12,648
SNOWFLAKE INC CL A 9,751 9,751
SOUTHERN CO NT S20C 60 4.2% 10/15/2060 99,250 99,250
SOUTHSTATE CORP COM STK 12,836 12,836
SPC COMM INC COM 19,772 19,772
SPIRE INC COM 10,161 10,161
SPIRIT AEROSYSTEMS HOLDINGS INC 24,630 24,630
SPROUT SOCIAL INC COM CL A 6,451 6,451
STANDARD MOTOR PRODUCTS INC 10,390 10,390
STEPSTONE GROUP INC COM CL A 14,419 14,419
STEVEN MADDEN LTD 9,240 9,240
TAIWAN SEMICONDUCTOR MANUFACTURING SPON 27,872 27,872
TANDEM DIABETES CARE INC COM NEW 1,035 1,035
THERMO FISHER SCIENTIFIC INC 11,677 11,677
TRANSCAT INC 15,853 15,853
TRANSDIGM GROUP INC 63,731 63,731
ULTRAGENYX PHARMACEUTICAL INC 6,025 6,025
UNDER ARMOUR INC CL C 25,760 25,760
UNION PAC CORP COM 33,896 33,896
UNISYS CORP 24,824 24,824
UNITEDHEALTH GROUP INC 55,279 55,279
UNITEDHEALTH GROUP INC 13,162 13,162
UPSTART HLDGS INC COM 3,882 3,882
US BANCORP DEL DEP PFD 97,650 97,650
US PHYSICAL THERAPY COM 4,471 4,471
VAREX IMAGING CORP COM 14,740 14,740
VECTOR GROUP LTD 17,642 17,642
VERALTO CORP COM SHS 82 82
VERIZON COMMUNICATIONS INC 22,055 22,055
VERIZON COMMUNICATIONS INC 23,110 23,110
VERTEX INC CL A 18,642 18,642
VIPER ENERGY INC CL A 13,054 13,054
VISA INC 52,070 52,070
VISA INC 68,472 68,472
WALMART INC COM 49,660 49,660
WARNER BROS DISCOVERY INC COM SER A 26,003 26,003
WASTE CONNECTIONS INC 8,508 8,508
WASTE MANAGEMENT INC 10,746 10,746
WELLS FARGO CO NEW COM 25,693 25,693
WESTERN ALLIANCE BANCORP 6,842 6,842
WESTERN UNION CO 31,171 31,171
WINGSTOP INC COM 4,362 4,362
XOMETRY INC CLASS A COM 3,519 3,519
ZIMMER BIOMET HOLDINGS INC COM 23,366 23,366
ZOETIS INC 27,040 27,040

TY 2023 LegalFeesSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 224 0   224


TY 2023 OtherExpensesSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WIRE FEES 35 35   0


TY 2023 OtherIncomeSchedule2
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RETURN OF CAPITAL 956   956


TY 2023 OtherIncreasesSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Description Amount
UNREALIZED GAIN/(LOSS) ON INVESTMENTS 988,292


TY 2023 OtherProfessionalFeesSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 67,270 67,270   0


TY 2023 TaxesSchedule
Name:
THE RUSSELL BENTON LEE JR CHARITABLE
 
TRUST
EIN:
85-4232783
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 718 718   0