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
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 1415
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SMITHFIELD, NC27577
A Employer identification number

56-2002528
B Telephone number (see instructions)

(919) 414-2515
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$23,557,947J 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) 331,919
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 497,921 480,868  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 92,912
b Gross sales price for all assets on line 6a 10,370,426
7 Capital gain net income (from Part IV, line 2)... 92,912
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 922,752 573,780  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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
877 438   439
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,700 1,350   1,350
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,159 9,159   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
75,045 60,176   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 87,781 71,123   1,789
25 Contributions, gifts, grants paid....... 972,500 972,500
26 Total expenses and disbursements. Add lines 24 and 25 1,060,281 71,123   974,289
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -137,529
b Net investment income (if negative, enter -0-) 502,657
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............. 642,873 499,599 499,599
2 Savings and temporary cash investments.........      
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)....... 15,194,799 Click to see attachment
List of Attached Documents:
// Content
15,735,291 		22,078,459
c Investments—corporate bonds (attach schedule)....... 2,026,216 Click to see attachment
List of Attached Documents:
// Content
1,492,182 		969,664
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) Click to see attachment
List of Attached Documents:
// Content
10,938 		Click to see attachment
List of Attached Documents:
// Content
10,225 		Click to see attachment
List of Attached Documents:
// Content
10,225
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,874,826 17,737,297 23,557,947
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 17,874,826 17,737,297
29 Total net assets or fund balances (see instructions)..... 17,874,826 17,737,297
30 Total liabilities and net assets/fund balances (see instructions). 17,874,826 17,737,297
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
17,874,826
2
Enter amount from Part I, line 27a .....................
2
-137,529
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
17,737,297
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
17,737,297
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 AS REPORTED BY FIRST CITIZENS INVESTOR SERVICES #7543 P 2022-12-06 2023-08-01
b AS REPORTED BY FIRST CITIZENS INVESTOR SERVICES #7543 P 2021-01-27 2023-04-18
c AS REPORTED BY FIRST CITIZENS INVESTOR SERVICES #7543 P 2023-08-12 2023-08-22
d AS REPORTED BY PERSHING - SANDLER O'NEILL P 2020-03-15 2023-07-11
e AS REPORTED BY PERSHING - SANDLER O'NEILL P 2022-11-16 2023-02-16
AS REPORTED BY FIRST CITIZENS - TRUST SERVICES P 2023-10-04 2023-12-20
AS REPORTED BY FIRST CITIZENS - TRUST SERVICES P 2016-05-06 2023-12-20
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 260,086   269,066 -8,980
b 40,994   64,108 -23,114
c 250,000   250,000 0
d 1,519     1,519
e 692,781   692,781 0
5,113,404   4,817,144 296,260
4,005,014   4,184,415 -179,401
6,628     6,628
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       -8,980
b       -23,114
c       0
d       1,519
e       0
      296,260
      -179,401
      6,628
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 92,912
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 6,987
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 6,987
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 6,987
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 18,062
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 18,062
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 11,075
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow11,075 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowOLIVIA HOLDING Telephone no.right arrow (919) 989-3281

Located atright arrow409 E MARKET STSMITHFIELDNC ZIP+4right arrow27577
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)
 
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
OLIVIA B HOLDING PRESIDENT
0.50 		0 0 0
PO BOX 1415
SMITHFIELD,NC27577
FRANK B HOLDING JR VICE PRESIDENT
0.50 		0 0 0
PO BOX 1415
SMITHFIELD,NC27577
HOPE HOLDING BRYANT TREASURER
0.50 		0 0 0
PO BOX 1415
SMITHFIELD,NC27577
JUDITH A MURRAY SECRETARY
0.50 		0 0 0
PO BOX 1415
SMITHFIELD,NC27577
CLAIRE H BRISTOW DIRECTOR
0.50 		0 0 0
PO BOX 1415
SMITHFIELD,NC27577
CARSON H BRICE DIRECTOR
0.50 		0 0 0
PO BOX 1415
SMITHFIELD,NC27577
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
20,235,004
b
Average of monthly cash balances.......................
1b
841,493
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
21,076,497
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
21,076,497
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
316,147
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
20,760,350
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,038,018
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
1,038,018
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,987
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,987
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,031,031
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,031,031
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
1,031,031
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
974,289
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
974,289
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 1,031,031
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 958,581
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$ 974,289
a Applied to 2022, but not more than line 2a 958,581
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..... 15,708
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 .......... 		1,015,323
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

ALLEGHANY CARES

25 WOMBLE ST
SPARTA,NC28675 		NONE PC GENERAL SUPPORT 2,500

ALLEGHANY COUNTY RESCUE SQUAD

61 TROJAN AVENUE
SPARTA,NC28675 		NONE PC GENERAL SUPPORT 2,000

ALLIANCE MEDICAL MINISTRY

101 DONALD ROSS DR
RALEIGH,NC27610 		NONE PC GENERAL SUPPORT 3,000

ARIZONA BAPTIST CHILDREN'S SERVICES

1779 N ALVERNON WAY
TUCSON,AZ85712 		NONE PC GENERAL SUPPORT 1,000

AVA GARDNER MUSEUM

325 E MARKET STREET
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 1,000

BOYS AND GIRLS CLUB OF CARTERET COUNTY

601 MULBERRY ST
BEAUFORT,NC28516 		NONE PC GENERAL SUPPORT 2,000

CAMP SEA GULLSEAFARER

2218 SEA GULL LANDING
ARAPAHOE,NC28510 		NONE PC GENERAL SUPPORT 6,000

CAMPBELL UNIVERSITY

143 MAIN STREET
BUIES CREEK,NC27506 		NONE PC GENERAL SUPPORT 15,000

CAROLINA BALLET

3401 ATLANTIC AVE 131
RALEIGH,NC27604 		NONE PC GENERAL SUPPORT 1,500

CASA

624 W JONES ST
RALEIGH,NC27603 		NONE PC GENERAL SUPPORT 12,500

CENTENARY UNITED METHODIST CHURCH

140 E MARKET ST
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 20,000

CHERRY LANE VOLUNTEER FIRE DEPARTMENT

8378 US 21
GLADE VALLEY,NC28627 		NONE PC GENERAL SUPPORT 2,000

CHRIST CHURCH

120 EAST EDENTON STREET
RALEIGH,NC27601 		NONE PC GENERAL SUPPORT 7,500

CLAYTON PIANO FESTIVAL

111 EAST SECOND STREET
CLAYTON,NC27520 		NONE PC GENERAL SUPPORT 5,000

CLIFFS CLOSET

134 NEW LEICESTER HWY
ASHEVILLE,NC28806 		NONE PC GENERAL SUPPORT 1,000

COMMUNITY AND SENIOR SERVICES OF JO CO

1363 W MARKET STREET
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 2,000

COMMUNITY MUSIC SCHOOL

618 TUCKER ST
RALEIGH,NC27603 		NONE PC GENERAL SUPPORT 5,000

CONSERVATION TRUST FOR NC

1028 WASHINGTON ST
RALEIGH,NC27605 		NONE PC GENERAL SUPPORT 2,500

DIX PARK CONSERVANCY

PO BOX 28575
RALEIGH,NC27611 		NONE PC GENERAL SUPPORT 1,000

DUNN POLICE ATHLETIC & ACTIVITIES LEAGUE INC

1501 S CLIFTON AVE
DUNN,NC28334 		NONE PC GENERAL SUPPORT 10,000

EPWORTH CHILDREN'S HOME

2900 MILLWOOD AVE
COLUMBIA,SC29205 		NONE PC GENERAL SUPPORT 2,000

FELLOWSHIP OF CHRISTIAN ATHLETES

4600 MARRIOTT DR 120
RALEIGH,NC27612 		NONE PC GENERAL SUPPORT 20,000

FIFTH STREET MINISTRIES

1421 5TH STREET
STATESVILLE,NC28677 		NONE PC GENERAL SUPPORT 1,500

FIRST PRESBYTERIAN CHURCH

215 S 3RD STREET
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 7,000

FRED OLDS ELEMNTARY PTA

204 DIXIE TRAIL
RALEIGH,NC27607 		NONE PC GENERAL SUPPORT 3,000

FRIENDS OF JOHNSTON CO ANIMAL SHELTER

115 SHELTER WAY
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 5,000

FRIENDS OF THE LIBRARY

CAMPUS BOX 7111 NCSU
RALEIGH,NC276957111 		NONE PC GENERAL SUPPORT 2,000

GIRL SCOUTS NORTH CAROLINA COASTAL PINES

6901 PINECREST ROAD
RALEIGH,NC27613 		NONE PC GENERAL SUPPORT 20,000

HAMMOND SCHOOL

854 GALWAY LN
COLUMBIA,SC29209 		NONE PC GENERAL SUPPORT 1,500

HARBOR INC

1149 BUFFALO ROAD
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 2,500

HAYES BARTON UNITED METHODIST CHURCH

2209 FAIRVIEW ROAD
RALEIGH,NC27608 		NONE PC GENERAL SUPPROT 10,000

HEALING TRANSITIONS

1251 GOODE ST
RALEIGH,NC27603 		NONE PC GENERAL SUPPORT 20,000

HELPING HANDS & HEALING HEARTS INC

308 N 4TH STREET
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 1,000

HOPEWAY FOUNDATION

1717 SHARON ROAD WEST
CHARLOTTE,NC28210 		NONE PC GENERAL SUPPORT 5,000

INTERACT

365 BOSTON POST ROAD SUITE 163
SUDBURY,MA01776 		NONE PC GENERAL SUPPORT 2,000

JOHNSTON CO DEPT OF SOCIAL SERVICES

714 NORTH ST
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 2,000

JOHNSTON COMMUNITY COLLEGE FDN

245 COLLEGE ROAD
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 10,000

JOHNSTON COUNTY ARTS COUNCIL

1115 OUTLET CENTER DRIVE
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 1,000

JOHNSTON COUNTY HERITAGE CENTER

241 E MARKET STREET
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPROT 1,000

JOHNSTON HEALTH FOUNDATION

509 N BRIGHTLEAF BLVD
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 5,000

MT OLIVE COLLEGE FOUNDATION

634 HENDERSON STREET
MT OLIVE,NC28365 		NONE PC GENERAL SUPPORT 2,500

MY KIDS CLUB

PO BOX 784
SELMA,NC27576 		NONE PC GENERAL SUPPORT 10,000

NC AGRICULTURAL FOUNDATION INC

CAMPUS BOX 7601 NCSU
RALEIGH,NC27695 		NONE PC GENERAL SUPPORT 4,500

NC AQUARIUM SOCIETY

320 SALTAR PATH ROAD
ATLANTIC BEACH,NC28512 		NONE PC GENERAL SUPPORT 10,000

NC COASTAL FEDERATION

3609 NC 24
NEWPORT,NC28570 		NONE PC GENERAL SUPPORT 5,000

NC MUSEUM OF ART FOUNDATION

2110 BLUE RIDGE ROAD
RALEIGH,NC27607 		NONE PC GENERAL SUPPORT 15,000

NCCF

6301 GREENTREE RAOD
BETHESDA,MD20817 		NONE PC GENERAL SUPPORT 5,000

NEUSE LITTLE THEATRE

104 S FRONT ST
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 1,000

NORTH CAROLINA MUSEUM OF HISTORY

PO BOX 25937
RALEIGH,NC27611 		NONE PC GENERAL SUPPORT 2,000

NORTH CAROLINA OPERA

612 WADE AVENUE SUITE 100
RALEIGH,NC27605 		NONE PC GENERAL SUPPORT 2,000

NORTH CAROLINA SYMPHONY

3700 GLENWOOD AVE STE 130
RALEIGH,NC27612 		NONE PC GENERAL SUPPORT 50,000

NORTH CAROLINIANA SOCIETY

C/O UNIVERSITY OF NC - WILSON
LIBRARY
CHAPEL HILL,NC27515 		NONE PC GENERAL SUPPORT 2,500

PASQUANEY TRUST

19 PASQUANEY LANE
HEBRON,NH03241 		NONE PC GENERAL SUPPORT 2,000

PBS NORTH CAROLINA

PO BOX 14900
RESEARCH TRIANGLE PARK,NC277094900 		NONE PC GENERAL SUPPORT 7,500

PHILADELPHIA COMMUNITY CHURCH

357 HARE ROAD
GOLDSBORO,NC27534 		NONE PC GENERAL SUPPORT 1,000

PHILHARMONIC ASSOCIATION

PO BOX 782
CARY,NC27512 		NONE PC GENERAL SUPPORT 1,000

PUBLIC ED WORKS

PO BOX 10463
RALEIGH,NC27605 		NONE PC GENERAL SUPPORT 5,000

PUBLIC RADIO EAST

800 COLLEGE COURT
NEW BERN,NC28562 		NONE PC GENERAL SUPPORT 2,000

RALEIGH FINE ARTS SOCIETY

PO BOX 10614
RALEIGH,NC27605 		NONE PC GENERAL SUPPORT 1,000

RALEIGH RESCUE MISSION

314 E HARGETT ST
RALEIGH,NC27601 		NONE PC GENERAL SUPPORT 5,000

REENTRY INC

316 FAYETTEVILLE STREET
RALEIGH,NC27601 		NONE PC GENERAL SUPPORT 5,000

ROARING GAP FUND

751 WEST 4TH ST SUITE 200
WINSTON SALEM,NC27101 		NONE PC GENERAL SUPPORT 8,000

SHARP

116 E MAIN STREET
MOUNT OLIVE,NC28365 		NONE PC GENERAL SUPPORT 3,000

SAINT MARY'S SCHOOL

900 HILLSBOROUGH ST
RALEIGH,NC27603 		NONE PC GENERAL SUPPORT 16,500

SAINT SAVIOUR'S CENTER

616 TUCKER ST
RALEIGH,NC27603 		NONE PC GENERAL SUPPORT 2,000

SALEM ACADEMY & COLLEGE

601 S CHURCH ST
WINSTON SALEM,NC27101 		NONE PC GENERAL SUPPORT 225,000

SAVING GRACE ANIMALS FOR ADOPTION

PO BOX 1649
WAKE FOREST,NC27588 		NONE PC GENERAL SUPPORT 5,000

SCOA CARES

166 STONERIDGE DRIVE
COLUMBIA,SC29210 		NONE PC GENERAL SUPPORT 5,000

SECOND CHANCE PET ADOPTIONS

6003 CHAPEL HILL RD
RALEIGH,NC27607 		NONE PC GENERAL SUPPORT 2,500

SECU FAMILY HOUSE AT UNC HOSPITALS

123 OLD MASON FARM ROAD
CHAPEL HILL,NC27517 		NONE PC GENERAL SUPPORT 5,000

SENIOR PHARMA-ASSIST

406 RIGSBEE AVE
DURHAM,NC27701 		NONE PC GENERAL SUPPORT 2,500

SMITHFIELD - KIWANIS CLUB

PO BOX 2385
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 1,000

SMITHFIELD RESCUE MISSION

523 GLENN ST
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 5,000

SPCA OF WAKE CO

200 PETFINDER LN
RALEIGH,NC27527 		NONE PC GENERAL SUPPORT 10,000

SPOLETO FESTIVAL USA

14 GEORGE ST
CHARLESTON,SC29401 		NONE PC GENERAL SUPPORT 10,000

ST MARKS AME CHURCH

531 S ROXBORO ST
DURHAM,NC27701 		NONE PC GENERAL SUPPORT 3,000

ST PETERS CHURCH OF CHRIST

1011 MASSEY STREET
SMITHFIELD,NC27577 		NONE PC GENERAL SUPPORT 1,000

ST ANDREW'S SCHOOL

227 SOUTH CHERRY STREET
RICHMOND,VA23220 		NONE PC GENERAL SUPPORT 3,000

ST ANN'S CATHOLIC CHURCH

4057 US 70 BUS
CLAYTON,NC27520 		NONE PC GENERAL SUPPORT 5,000

STEP UP MINISTRY

1701 OBERLIN ROAD
RALEIGH,NC27608 		NONE PC GENERAL SUPPORT 5,000

SYLVAN HEIGHTS BIRD PARK

500 SYLVAN HEIGHTS PARK WAY
SCOTLAND NECK,NC27874 		NONE PC GENERAL SUPPORT 10,000

TAMMY LYNN MEMORIAL FOUNDATION

739 CHAPPELL DR
RALEIGH,NC27606 		NONE PC GENERAL SUPPORT 1,500

THANKSGIVING VOLUNTEER FIRE DEPARTMENT

2375 THANKSGIVING FIRE RD
SELMA,NC27576 		NONE PC GENERAL SUPPORT 2,500

THE ASHEVILLE SCHOOL

360 ASHEVILLE SCHOOL ROAD
ASHEVILLE,NC28806 		NONE PC SCHOLARSHIP 21,000

THE BROAD STREET CLINIC

534 N 35TH ST K
MOREHEAD CITY,NC28557 		NONE PC GENERAL SUPPORT 1,500

THE HOPE CENTER AT PULLEN

1801 HILLSBOROUGH ST
RALEIGH,NC27605 		NONE PC GENERAL SUPPORT 2,000

THE SALVATION ARMY

PO BOX 27584
RALEIGH,NC27611 		NONE PC GENERAL SUPPORT 5,000

TRIANGLE LAND CONSERVANCY

514 S DUKE ST
DURHAM,NC27701 		NONE PC GENERAL SUPPORT 2,500

TRYON PALACE FOUNDATION

PO BOX 1007
NEW BERN,NC28563 		NONE PC GENERAL SUPPORT 12,500

UNC COLLEGE OF ARTS AND SCIENCES

205 SOUTH BUILDING
CHAPEL HILL,NC27599 		NONE PC GENERAL SUPPORT 5,000

UNC INSTITUTE FOR THE ENVIRONMENT

137 E FRANKLIN ST SUITE 602
CHAPEL HILL,NC27599 		NONE PC GENERAL SUPPORT 36,250

UNC KENAN FLAGLER BUSINESS SCHOOL

300 KENAN DRIVE
CHAPEL HILL,NC27599 		NONE PC GENERAL SUPPORT 10,000

UNC SCHOOL OF LAW

160 RIDGE ROAD
CHAPEL HILL,NC27514 		NONE PC GENERAL SUPPORT 3,750

UNITED CHURCH OF CHAPEL HILL

1321 MARTIN LUTHER KING BLVD
CHAPEL HILL,NC27514 		NONE PC GENERAL SUPPORT 1,000

VISION TO LEARN

12100 WILSHIRE BLVD STE 1275
LOS ANGELES,CA90025 		NONE PC GENERAL SUPPORT 5,000

WAKE FOREST ATHLETICS

1834 WAKE FOREST ROAD
WINSTON SALEM,NC27109 		NONE PC GENERAL SUPPORT 20,000

WAKE FOREST PARENTS' COUNCIL

1834 WAKE FOREST ROAD
WINSTON SALEM,NC27106 		NONE PC GENERAL SUPPORT 10,000

WAKE FOREST UNIVERSITY

1834 WAKE FOREST ROAD
WINSTON SALEM,NC27106 		NONE PC GENERAL SUPPORT 75,000

WCPE

BOX 897
WAKE FOREST,NC27588 		NONE PC GENERAL SUPPORT 2,000

WILSON'S MILLS FIRE DEPARTMENT

145 FIRE DEPT RD
CLAYTON,NC27527 		NONE PC GENERAL SUPPORT 1,000

WOODBURY FOREST SCHOOL

898 WOODBURY FOREST ROAD
WOODBURY FOREST,VA22989 		NONE PC GENERAL SUPPORT 15,000

YALE UNIVERSITY MUSIC SCHOOL

PO BOX 208246
NEW HAVEN,CT065208246 		NONE PC GENERAL SUPPORT 1,000

YMCA OF THE TRIANGLE AREA INC

801 CORPORATE CENTER DR 200
RALEIGH,NC27607 		NONE PC GENERAL SUPPORT 47,000

YOUNG LIFE CRYSTAL COAST

PO BOX 954
BEAUFORT,NC28516 		NONE PC GENERAL SUPPORT 1,500
Total .................................right arrow 3a 972,500
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 ....     14 497,921  
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 92,912  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 590,833 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
590,833
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
 
Employer identification number

56-2002528
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
  		Employer identification number
56-2002528
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ELLA & FRANK HOLDING CLAT
 
1723 CANTERBURY ROAD
 
RALEIGH, NC27608

$ 331,919


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
  		Employer identification number

56-2002528
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
  		Employer identification number

56-2002528
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
THOMAS JUDY & TUCKER 2,700 1,350   1,350

TY 2023 InvestmentsCorpBondsSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Name of Bond End of Year Book Value End of Year Fair Market Value
100,000 UTS IUS CAPITAL FUNDING II 101,000 50,000
100,000 UTS MMCAPS FDG I LTD 9.48% 17,163 5,716
100,000 UTS US CAPITAL FUNDING III 99,544 1,000
200,000 UTS CAROLINA FINANCIAL CORP 120,000 200,000
200,000 UTS MMCAPS FDG I LTD MEZZANINE 19,197 11,431
200,000 UTS PREFERRED TERM SECS LTD 13,700 14,439
200,000 UTS TRUIST FINL CORP 198,927 184,026
200,000 UTS US CAPITAL FUNDING I 200,000 40,000
250,000 UTS TPREF FUNDING I 262,831 25
300,000 UTS TPREF FUNDING III 250,000 30
400,000 UTS REGIONAL DIVERSIFIED FDG 0 250,000
5,054 UTS VANECK J P MORGAN EM LOCAL CURRENCY BOND ETF 127,365 128,119
896 UTS SPDR BLOOMBERG HIGH YIELD BOND ETF 82,455 84,878

TY 2023 InvestmentsCorpStockSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Name of Stock End of Year Book Value End of Year Fair Market Value
1,000 SHS PROCTER & GAMBLE 148,484 146,540
1,140 SHS FIRST CITIZENS BANK SC/FCNC CL A 198,036 1,617,626
1,350 SHS MERCK 100,464 163,530
1,500 SHS PHILLIPS 66 109,164 199,710
1,891 SHS FIRST CITIZENS BANK CL A 252,236 2,683,272
10,000 SHS REGIONS FINL CORP 249,500 213,100
10,000 SHS SYNOVUS FINL CORP 247,500 233,500
1000 SHS ABBVIE 124,088 154,970
2,000 SHS MONDELEZ (FROM KRAFT SPLIT) 77,895 144,860
200 SHS FIRST CITIZENS BANK CL A 35,913 283,794
200 SHS FIRST CITIZENS BANK CL B 32,300 257,000
250,000 UTS WACCAMAW STATE TRUST 250,000 250,000
3,000 SHS DUKE ENERGY CORP NEW COM 242,185 291,120
3M CO COM 324 SHS 35,209 35,420
4000 SHS ASTORIA FINANCIAL - STERLING BANKCORP 100,000 90,320
ABBOTT LABS 400 SHARES 42,422 44,028
ACCENTURE PLC CLASS A 107 SHS 32,785 37,547
ALLSTATE CORP 170 SHS 18,515 23,797
AMERICAN ELEC PWR INC COM 248 SHS 21,857 20,143
APPLE INC 1000 SHARES 127,459 192,530
ARTISAN INTERNATION SMALL-MID FUND 6990 SHS 115,911 123,087
AUTOMATIC DATA PROCESSING INC 100 SHARES 16,754 23,297
BANK OF AMERICA CORP 5000 SHS 147,597 168,350
BANK OF AMERICA CORP 907 SHS 27,713 30,539
BERKSHIRE HATHWAY INC 100 SHARES 22,853 35,666
BERKSHIRE HATHWAY INC 292 SHS 77,628 104,145
BEST BUY INC 231 SHS 15,624 18,083
BRISTOL MYERS SQUIBB 750 SHS 38,823 38,483
CATALENT INC 482 SHARES 21,736 21,656
CATERPILLAR INC 900 SHS 222,900 266,103
CATERPILLAR INC 94 SHS 17,242 27,793
CBRE GROUP INC CL A 372 SHS 27,052 34,629
CENTENE CORP 374 SHARES 25,261 27,755
CHEVRON CORP 281 SHARES 58,021 56,830
CIGNA CORP NEW USD 119 SHS 33,888 35,635
CISCO SYS INC 1024 SHS 49,125 51,732
CISCO SYSTEMS INC 1000 SHS 48,054 50,520
CME GROUP INC 155 SHS 28,112 32,643
COCA COLA COMPANY 3000 SHS 188,585 176,790
COMERICA INC 1000 SHARES 53,804 55,810
CONSTELLATION ENERGY CORP COM 123 SHS 9,488 14,377
COSTCO WHSL CORP NEW 36 SHS 12,624 23,763
CVS HEALTH CORPORATION 481 SHS 35,871 37,980
DARDEN RESTAURANTS INC 140 SHS 15,881 23,002
DAVITA INC 240 SHARES 21,073 25,142
DELTA AIR LINES INC 370 SHS 14,134 14,885
DEVON ENERGY CORP NEW COM 2000 SHS 117,051 90,600
DISNEY WALT CO 181 SHS 17,914 16,342
DOMINION ENERGY INC 346 SHS 19,565 16,262
DRIEHAUS EMERGING MKTS GROWTH FUND 8066 SHS 269,805 280,775
DUKE ENERGY CORPORATION 255 SHS 22,671 24,745
EASTMAN CHEM CO 335 SHS 28,366 30,090
EATON CORPORATION 134 SHS 18,182 32,270
ELECTRONIC ARTS INC 106 SHS 12,164 14,502
ELEVANCE HEALTH INC 84 SHS 39,074 39,611
ESSEX PPTY TR INC 119 SHARES 27,427 29,505
EXXON MOBIL CORP 732 SHS 75,520 73,185
FCB BANCSHARES INC 20,000 SHS 500,000 402,200
FEDEX CORP 89 SHS 15,029 22,514
FIFTH THIRD BANCORP 558 SHS 14,763 19,245
GE HEALTHCARE TECHNOLOGIES 384 SHS 25,860 29,691
GENERAL ELEC CO 160 SHS 12,284 20,421
GENERAL MTRS CO COM 481 SHS 16,308 17,278
GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND 30358 SHS 255,295 245,901
GOLDMAN SACHS GROUP INC 47 SHS 15,666 18,131
HARTFORD FINL SVCS GROUP INC 371 SHS 25,941 29,821
HCA HEALTHCARE INC 110 SHARES 29,501 29,775
HOME DEPOT INC 149 SHS 45,317 51,636
HOME DEPOT INC 300 SHARES 86,932 103,965
HONEYWELL INTERNATIONAL INC 112 SHS 22,698 23,488
HONEYWELL INTL INC 200 SHS 38,750 41,942
HOTCHKIS & WILEY SMALL CAP DIVERSIFIED VALUE FUND 9450 SHS 121,430 118,224
HP INC 773 SHS 19,357 23,260
INTERCONTINENAL EXCHANGE INC COM 245 SHS 25,408 31,465
INTERNATIONAL BUSINESS MACHS CORP 200 SHS 25,957 32,710
ISHARES INC CORE MSCI EMKT 4537 SHS 229,156 229,481
ISHARES RUSSELL MID CAP VALUE 6460 SHS 696,774 751,233
ISHARES RUSSELL MID-CAP GROWTH ETF 3788 SHS 323,623 395,694
ISHARES RUSSELL TOP 200 GROWTH ETF 18375 SHS 2,485,909 3,219,668
ISHARES TR CORE MSCI EAFE ETF 14645 SHS 942,114 1,030,276
J P MORGAN EXCHANGE TRADED FD US 14931 SHS 614,448 714,598
J P MORGAN EXCHANGE TRADED FD US VALUE FACTR 18902 SHS 672,024 729,239
JOHNSON & JOHNSON 191 SHS 29,611 29,937
JOHNSON & JOHNSON 500 SHS 63,952 78,370
JOHNSON CTLS INTL PLC 374 SHS 18,015 21,557
JP MORGAN CHASE & CO 496 SHS 70,028 84,370
JP MORGAN CHASE 1,500 SHS 150,142 255,150
JUNIPER NETWORKS INC 686 SHS 18,906 20,223
KIMBERLY CLARK CORP COM 153 SHS 18,992 18,591
KIMCO REALTY CORP 1085 SHS 18,742 23,121
KINDER MORGAN INC 1706 SHARES 29,611 30,094
LOWES COS INC 200 SHARES 46,654 44,510
MARATHON PETE CORP 198 SHS 24,771 29,375
MASTERCARD INC CL A 89 SHARES 37,985 37,959
MCDONALDS CORP 100 SHARES 21,049 29,651
MEDTRONIC PLC 227 SHS 17,258 18,700
MFS INTERNATIONAL EQUITY FUND 15571 SHS 474,153 512,903
MICROSOFT CORP 500 SHARES 117,608 188,020
MONDELEZ INTERNATIONAL INC 367 SHS 21,886 26,582
MORGAN STANLEY COM 237 SHS 19,033 22,100
NEXTERA ENERGY INC COM 236 SHS 19,342 14,335
NORFOLK SOUTHN CORP 96 SHS 19,174 22,692
PARAMOUNT GLOBAL 1651 SHS 26,416 24,418
PAYCHEX INC 191 SHS 19,488 22,750
PEAR TREE POLARIS FGN VAL SM CAP 11359 SHS 118,040 126,648
PENTAIR PLC 356 SHS 16,637 25,885
PEPSICO 1200 SHS 193,591 203,808
PFIZER INC 1000 SHARES 36,004 28,790
PHILIP MORRIS INTL 388 SHS 37,604 36,503
PNC FINL SVCS GROUP 1000 SHS 136,284 154,850
PPL CORP 556 SHS 15,615 15,068
PRICE T ROWE GROUP INC COM 180 SHS 19,616 19,384
PROCTER & GAMBLE COMPANY 344 SHS 45,658 50,410
PROSHARES TR DJ BROOKFIELD GLOBAL INFR ETF 1367 SHS 61,093 62,376
REGIONS FINANCIAL CORP 1057 SHS 21,255 20,485
ROYAL BK CDA MONTREAL 1000 SHS 99,054 101,130
SIMON PPTY GROUP INC 86 SHS 10,392 12,267
SNAP-ON TOOLS CORP 78 SHS 17,452 22,530
SOUTHERN CO COM 476 SHS 33,110 33,377
TARGET CORP 114 SHS 15,399 16,236
TE CONNECTIVITY LIMITED 201 SHS 22,627 28,241
THRIVENT SMALL CAP STOCK FUND 3971 SHS 114,573 117,069
TRANSAMERICA INTL EQUITY FUND 24873 SHS 494,055 501,694
TRUIST FINL CORP 7000 SHS 283,510 258,440
UNION PAC CORP 200 SHARES 39,672 49,124
UNION PAC CORP COM 148 SHS 30,529 36,352
UNITEDHEALTH GROUP INC 119 SHS 61,990 62,650
UNITEDHEALTH GROUP INC 300 SHARES 116,829 157,941
VANGUARD INTL EQUITY INDEX FDS 2514 SHS 97,417 107,071
VANGUARD REAL ESTATE ETF 1648 SHS 137,029 145,617
VANGUARD SCOTTSDALE FDS VNG 1479 SHS 108,334 119,947
WALMART INC 204 SHS 25,189 32,161
WALMART INC 400 SHARES 55,738 63,060
WASTE MGMT INC 400 SHARES 54,278 71,640
WILLIAM BLAIR SMALL CAP GROWTH FUND 3590 SHS 107,991 117,184
XCEL ENERGY INC 198 SHS 11,057 12,258
ZIONS BANCORPORATION 3000 SHS 114,804 131,610

TY 2023 LegalFeesSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WARD & SMITH 877 438   439


TY 2023 OtherAssetsSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 10,938 10,225 10,225


TY 2023 OtherExpensesSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSE 14,714 0   0
INVESTMENT FEES 60,176 60,176   0
BANK FEES 155 0   0


TY 2023 TaxesSchedule
Name:
ELLA ANN L AND FRANK B HOLDING FOUNDATIO
EIN:
56-2002528
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 9,159 9,159   0