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
CARLYLE ADAMS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1033 VESTAVIA WOODS DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27615
A Employer identification number

46-1611619
B Telephone number (see instructions)

(919) 819-9384
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$9,094,953J 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 28,130 28,130  
4 Dividends and interest from securities... 126,130 126,130  
5a Gross rents............ 24,000 24,000  
b Net rental income or (loss) -15,577
6a Net gain or (loss) from sale of assets not on line 10 -48,209
b Gross sales price for all assets on line 6a 4,997,090
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
779 779  
12 Total. Add lines 1 through 11........ 130,830 179,039  
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
92,593 92,593   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,000 17,000   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
39,169 39,169   0
17 Interest............... 17,302 17,302   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,878 6,053   3,092
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
40,321 16,131  
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
106,891 18,071   88,820
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 349,154 206,319   91,912
25 Contributions, gifts, grants paid....... 596,250 596,250
26 Total expenses and disbursements. Add lines 24 and 25 945,404 206,319   688,162
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -814,574
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,411,270 464,927 464,927
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)....... 5,897,719 Click to see attachment
List of Attached Documents:
// Content
6,906,536 		6,906,536
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow675,156
Less: accumulated depreciation (attach schedule) right arrow46,013 645,274 Click to see attachment
List of Attached Documents:
// Content
629,143 		629,143
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,254,757
Less: accumulated depreciation (attach schedule) right arrow160,410 1,118,537 Click to see attachment
List of Attached Documents:
// Content
1,094,347 		1,094,347
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,072,800 9,094,953 9,094,953
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue................. 25,000 25,000
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 452,341 Click to see attachment
List of Attached Documents:
// Content
387,292
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 477,341 412,292
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 8,595,459 8,682,661
29 Total net assets or fund balances (see instructions)..... 8,595,459 8,682,661
30 Total liabilities and net assets/fund balances (see instructions). 9,072,800 9,094,953
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
8,595,459
2
Enter amount from Part I, line 27a .....................
2
-814,574
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
901,776
4
Add lines 1, 2, and 3 ..........................
4
8,682,661
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
8,682,661
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 INVESCO SMALL CAP VALUE P 2023-01-01 2023-04-19
b ARTIAN INTERNATIONAL SMALL-MID FUND P 2023-01-01 2023-12-18
c ASHMORE EMERGING MARKETS P 2023-01-01 2023-02-01
d BALLIE GIFFORD EMERGING MKTS EQUITIES P 2023-01-01 2023-01-26
e ISHARES INTERNATIONAL INDEX FUND P 2023-01-01 2023-04-19
WILLIAM BLAIR SMALL CAP GROWTH FUND P 2023-01-01 2023-12-18
DELAWARE SMALL CAP GROWTH FUND P 2023-01-01 2023-01-20
DRIEHAUS EMERGING MKTS GROWTH FUND P 2023-01-01 2023-12-18
FEDERATED HERMES SMALL CAP CORE FUND P 2023-01-01 2023-01-20
GOLDMAN SACHS EMERGING MKTS EQUITY INSIGHTS FUND P 2023-01-01 2023-12-19
HOTCHKIS & WILEY SMALL CAP VALUE FUND P 2023-01-01 2023-12-18
WCM FOCUSED INTL GROWTH FUND P 2023-01-01 2023-01-20
MFS INTL EQUITY FUND P 2023-01-01 2023-12-18
PEAR TREE POLARIS FGN VALUE SMALL CAP P 2023-01-01 2023-12-18
PEAR TREE FGN VALUE FUND P 2023-01-01 2023-01-23
TIAA-CREF EMERGING MKTS EQUITY INDEX P 2023-01-01 2023-04-19
THRIVENT SMALL CAP STOCK FUND P 2023-01-01 2023-12-18
TRANSAMERICA INTL EQUITY FUND P 2023-01-01 2023-12-18
ISHARES RUSSELL MID-CAP VALUE P 2023-01-01 2023-12-19
ISHARES RUSSELL MID-CAP GROWTH P 2023-01-01 2023-12-20
ISHARES RUSSELL TOP 200 VALUE P 2023-01-01 2023-12-20
ISHARES RUSSELL TOP 200 GROWTH P 2023-01-01 2023-12-20
ISHARES USA MIN VOL FACTOR ETF P 2023-01-01 2023-10-19
ISHARES TR CORE ETF P 2023-01-01 2023-12-19
ISHARES INC CORE P 2023-01-01 2023-12-19
JP MORGAN EXCHANGE TRADED FD VALUE P 2023-01-01 2023-12-20
JP MORGAN EXCHANGE TRADED FD QUALITY P 2023-01-01 2023-12-20
PROSHARES BROOKFIELD GLOBAL P 2023-01-01 2023-12-19
VANGUARD INTL EQUITY INDEX FD P 2023-01-01 2023-12-19
VANGUARD SCOTTSDALE 2000 VALUE INDEX P 2023-01-01 2023-07-20
VANGUARD SCOTTSDALE 2000 INDEX P 2023-01-01 2023-12-20
VANGUARD REAL ESTATE ETF P 2023-01-01 2023-12-20
AMERICAN BEACON QUALITY BOND FUND P 2023-01-01 2023-01-04
BAIRD INTERMEDIATE BOND FD P 2023-01-01 2023-01-04
VANGUARD SHORT TERM BOND INDEX P 2023-01-01 2023-01-04
ALLSPRING CORE BOND FUND P 2023-01-01 2023-01-04
ISHARES CORE US AGGREGATE BOND FD P 2023-01-01 2023-12-19
ISHARES JP MORGAN EMERGING MKTS BOND P 2023-01-01 2023-04-20
ISHARES 10-20 YEAR TREASURY BOND ETF P 2023-01-01 2023-12-19
SPDR BLOOMBERG HIGH YIELD BOND P 2023-01-01 2023-12-19
VANECK JP MORGAN LOCAL CURRENCY BOND P 2023-01-01 2023-12-20
3M COMPANY P 2019-05-02 2023-05-23
BALL CORP P 2022-12-30 2023-06-13
BRISTOL MYERS SQUIBB P 2023-10-12 2023-12-13
CAPITAL ONE CORP P 2023-03-17 2023-10-19
COHERENT CORP P 2022-05-10 2023-06-20
DOLLAR GENERAL CORP P 2023-06-02 2023-10-13
MARVELL TECH INC P 2023-04-19 2023-08-23
ZOOMINFO TECHNOLOGIES INC P 2023-03-20 2023-09-23
AKAMAI TECH COM P 2021-08-04 2023-04-19
ALPHABET INC P 2015-06-01 2023-10-09
AMPHENOL CORP P 2021-08-03 2023-03-31
AUTOZONE INC P 2020-12-09 2023-03-24
BALL CORP P 2021-03-04 2023-06-01
BRISTOL MYERS SQUIBB P 2016-09-02 2023-12-15
CAPITAL ONE CORP P 2014-08-22 2023-10-24
COHERENT CORP P 2022-05-10 2023-06-16
COMCAST CORP P 2021-08-03 2023-09-08
HCA HEALTHCARE INC P 2015-10-15 2023-07-10
INTUIT INC P 2022-05-23 2023-09-08
LENNAR CORP P 2018-06-15 2023-05-30
NXP SEMICONDUCTORS P 2018-09-11 2023-11-07
PAYPAL HOLDINGS INC P 2022-03-01 2023-10-24
PTC INC P 2019-11-13 2023-06-27
REGENERON PHARMA INC P 2021-02-17 2023-08-08
S&P GLOBAL INC P 2021-09-30 2023-03-29
T-MOBILE INC P 2021-12-03 2023-03-15
TAKE TWO INTERACTIVE SOFTWARE INC P 2022-01-04 2023-11-07
UNITED HEALTH GROUP INC P 2019-04-17 2023-04-05
VERALTO CORP P 2017-08-02 2023-10-04
VISA INC P 2021-08-03 2023-03-20
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 14,065   14,843 -778
b 21,230   21,892 -662
c 92,455   109,861 -17,406
d 82,741   84,709 -1,968
e 160,162   125,799 34,363
5,945   5,652 293
13,244   19,215 -5,971
13,792   13,659 133
25,427   26,155 -728
29,944   36,677 -6,733
5,844   6,069 -225
118,892   93,912 24,980
18,406   18,274 132
22,282   24,056 -1,774
122,189   114,590 7,599
100,810   100,618 192
5,038   5,106 -68
17,006   17,323 -317
318,716   322,230 -3,514
178,109   165,089 13,020
193,370   182,678 10,692
232,555   232,620 -65
348,238   339,054 9,184
45,548   40,274 5,274
79,117   82,588 -3,471
279,950   278,805 1,145
106,681   92,852 13,829
31,153   28,319 2,834
11,261   11,363 -102
32,491   29,858 2,633
83,189   84,026 -837
11,851   12,260 -409
202,944   227,685 -24,741
500,587   553,474 -52,887
245,504   264,880 -19,376
332,137   377,416 -45,279
470,646   464,620 6,026
3,410   3,539 -129
183,517   195,860 -12,343
7,565   7,648 -83
41,426   43,093 -1,667
7,434   15,191 -7,757
5,830   5,765 65
1,969   2,193 -224
2,348   2,255 93
5,905   4,625 1,280
4,617   6,946 -2,329
5,944   3,853 2,091
9,751   12,200 -2,449
4,654   5,737 -1,083
6,645   1,358 5,287
2,035   1,836 199
9,312   4,449 4,863
13,085   16,864 -3,779
8,280   8,077 203
7,345   6,272 1,073
2,265   2,147 118
3,386   4,857 -1,471
6,848   1,822 5,026
1,110   739 371
9,875   4,006 5,869
10,008   5,508 4,500
12,149   20,090 -7,941
11,676   5,738 5,938
13,737   8,429 5,308
2,023   2,529 -506
721   550 171
8,351   7,735 616
4,057   1,704 2,353
2,329   839 1,490
2,197   2,344 -147
1,767     1,767
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       -778
b       -662
c       -17,406
d       -1,968
e       34,363
      293
      -5,971
      133
      -728
      -6,733
      -225
      24,980
      132
      -1,774
      7,599
      192
      -68
      -317
      -3,514
      13,020
      10,692
      -65
      9,184
      5,274
      -3,471
      1,145
      13,829
      2,834
      -102
      2,633
      -837
      -409
      -24,741
      -52,887
      -19,376
      -45,279
      6,026
      -129
      -12,343
      -83
      -1,667
      -7,757
      65
      -224
      93
      1,280
      -2,329
      2,091
      -2,449
      -1,083
      5,287
      199
      4,863
      -3,779
      203
      1,073
      118
      -1,471
      5,026
      371
      5,869
      4,500
      -7,941
      5,938
      5,308
      -506
      171
      616
      2,353
      1,490
      -147
      1,767
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 -48,209
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 0
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 0
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 0
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. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
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
 
No
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 arrowDAVID DAHL TRUSTEE Telephone no.right arrow (919) 819-9384

Located atright arrow1033 VESTAVIA WOODS DRIVERALEIGHNC ZIP+4right arrow27615
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
DAVID DAHL BOARD MEMBER
0.00 		0 0 0
1033 VESTAVIA WOODS DRIVE
RALEIGH,NC27615
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
6,332,595
b
Average of monthly cash balances.......................
1b
973,913
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,306,508
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
7,306,508
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
109,598
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,196,910
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
359,846
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
359,846
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
359,846
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
359,846
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
359,846
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
688,162
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
688,162
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 7 359,846
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 100,296
e From 2022...... 248,913
f Total of lines 3a through e ........ 349,209
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 688,162
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 359,846
e Remaining amount distributed out of corpus 328,316
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 5 677,525
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		677,525
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 100,296
d Excess from 2022.... 248,913
e Excess from 2023.... 328,316
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

WILL & DENI MCINTYRE FOUNDATION

77 BEAR ROCK ROAD
HENDERSONVILLE,NC28739 		    OPERATING SUPPORT 67,000

UNC HEALTH CARE FOUNDATION

123 WEST FRANKLIN STREET SUITE 510
CHAPEL HILL,NC27516 		    OPERATING SUPPORT 25,000

TRUTH IN NATURE

7825 SAINT ANNES WAY
FUQUAYVARINA,NC27526 		    OPERATING SUPPORT 2,000

THE BROAD STREET CLINIC

534 NORTH 35TH STREET
MOREHEAD CITY,NC28557 		    OPERATING SUPPORT 5,000

SYLVAN HEIGHTS BIRD PARK

500 SYLVAN HEIGHTS PARKWAY
SCOTLAND NECK,NC27874 		    OPERATING SUPPORT 5,000

SPECIAL THEATER ARTS OF RALEIGH (STAR)

2803 DUNHAVEN DRIVE
GARNER,NC27529 		    OPERATING SUPPORT 2,500

SAVING GRACE ANIMALS FOR ADOPTION

13400 OLD CREEDMOOR ROAD
WAKE FOREST,NC27580 		    OPERATING SUPPORT 2,000

PIEDMONT COUNCIL OF TRADITIONAL MUSIC (PINE CONE)

PO BOX 28534
RALEIGH,NC27611 		    OPERATING SUPPORT 11,250

NORTH CAROLINA ZOO SOCIETY

4403 ZOO PARKWAY
ASHEBORO,NC27205 		    OPERATING SUPPORT 10,000

NORTH CAROLINA MUSEUM OF HISTORY FOUNDATION

5 EAST EDENTON STREET
RALEIGH,NC27601 		    OPERATING SUPPORT 14,000

NORTH CAROLINA MARITIME MUSEUM

315 FRONT STREET
BEAUFORT,NC28516 		    OPERATING SUPPORT 5,000

NORTH CAROLINA COASTAL FEDERATION

3609 NC HIGHWAY 24
NEWPORT,NC28570 		    OPERATING SUPPORT 25,000

NC MUSEUM OF NATURAL SCIENCE (FRIENDS OF THE MUSEUM)

PO BOX 26928
RALEIGH,NC27611 		    OPERATING SUPPORT 25,000

NC MUSEUM OF ART

2110 BLUE RIDGE ROAD
RALEIGH,NC27607 		    OPERATING SUPPORT 210,000

NC AGRICULTURAL FOUNDATION

BOX 7645
RALEIGH,NC27695 		    OPERATING SUPPORT 5,000

LIGHTHOUSE ENVIRONMENT PARTNERS

205 TAYLOR LANE
MOREHEAD CITY,NC28557 		    OPERATING SUPPORT 10,000

JUNIOR APPALACHIAN MUSICIANS

PO BOX 44
INDEPENDENCE,VA24348 		    OPERATING SUPPORT 5,000

HART SQUARE FOUNDATION

5055 HOPE ROAD
VALE,NC28168 		    OPERATING SUPPORT 5,000

DOROTHEA DIX PARK CONSERVANCY

PO BOX 28575
RALEIGH,NC27611 		    OPERATING SUPPORT 50,000

CORE SOUND WATERFOWL MUSEUM

PO BOX 556
HARKERS ISLAND,NC28531 		    OPERATING SUPPORT 5,000

CATERET COMMUNITY COLLEGE FOUNDATION

3505 ARENDELL STREET
MOREHEAD CITY,NC28557 		    OPERATING SUPPORT 75,000

CAMP SEA GULLYNCA OF THE TRIANGLE

801 CORPORATE CENTER DRIVE 200
RALEIGH,NC27607 		    OPERATING SUPPORT 15,000

BAND TOGETHER

821 WAKE FOREST ROAD
RALEIGH,NC27604 		    OPERATING SUPPORT 7,500

ARTSPLOSURE

19 WEST HARGETT STREET 310
RALEIGH,NC27601 		    OPERATING SUPPORT 10,000
Total .................................right arrow 3a 596,250
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 28,130  
4 Dividends and interest from securities ....     14 126,130  
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16 -15,577  
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 779  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -48,209  
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 91,253 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
91,253
(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:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DEAN DORTON ALLEN FORD PLLC 17,000 17,000   0

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

TY 2023 DepreciationSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING - MOREHEAD CITY,NC 2020-09-01 424,768 24,959 SL 39.000000000000 10,891 10,891    
LAND 2020-09-01 80,900   L   0 0    
BUILDING IMPROVEMENTS 2021-02-08 55,648 2,675 SL 39.000000000000 1,427 1,427    
BUILDING IMPROVEMENTS 2022-04-29 21,800 969 SL 15.000000000000 1,453 1,453    
BUILDING IMPROVEMENTS 2022-06-15 92,040 1,279 SL 39.000000000000 2,360 2,360    
BUILDING - BEAUFORT,NC 2016-01-01 693,018 123,649 SL 39.000000000000 17,770 0    
LAND 2016-01-01 311,356   L   0 0    
ADDITION - GARAGE APARTMENT 2021-01-01 250,383 12,571 SL 39.000000000000 6,420 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCKS AND MUTUAL FUNDS 6,906,536 6,906,536

TY 2023 InvestmentsLandSchedule2
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - MOREHEAD CITY,NC 424,768 35,850 388,918 388,918
LAND 80,900 0 80,900 80,900
BUILDING IMPROVEMENTS 55,648 4,102 51,546 51,546
BUILDING IMPROVEMENTS 21,800 2,422 19,378 19,378
BUILDING IMPROVEMENTS 92,040 3,639 88,401 88,401

TY 2023 LandEtcSchedule2
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - BEAUFORT,NC 693,018 141,419 551,599 551,599
LAND 311,356 0 311,356 311,356
ADDITION - GARAGE APARTMENT 250,383 18,991 231,392 231,392


TY 2023 LegalFeesSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DAHL LAW PLLC 91,000 91,000   0
MANNING FULTON & SKINNER PA 1,593 1,593   0


TY 2023 MortgagesAndNotesPayableSch
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Total Mortgage Amount: 387,292

Item No. 1
Lender's Name FIRST CITIZENS BANK
Lender's Title  
Relationship to Insider  
Original Amount of Loan 300,000
Balance Due 246,229
Date of Note 2020-08
Maturity Date 2035-08
Repayment Terms  
Interest Rate 3.450000000000
Security Provided by Borrower  
Purpose of Loan PURCHASE OF 806 ARENDELL
Description of Lender Consideration  
Consideration FMV  

Item No. 2
Lender's Name JOHN GAINEY III
Lender's Title  
Relationship to Insider  
Original Amount of Loan 250,000
Balance Due 141,063
Date of Note 2020-08
Maturity Date  
Repayment Terms  
Interest Rate  
Security Provided by Borrower  
Purpose of Loan  
Description of Lender Consideration  
Consideration FMV  


TY 2023 OtherExpensesSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FACILITY COSTS 88,820 0   88,820
INSURANCE 6,004 6,004   0
REPAIRS/MAINTENANCE 12,067 12,067   0


TY 2023 OtherIncomeSchedule2
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FIRST CITIZENS - STCG DISTRIBUTIONS 779 779 779


TY 2023 OtherIncreasesSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Description Amount
UNREALIZED GAIN ON INVESTMENTS 901,776


TY 2023 OtherProfessionalFeesSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 39,169 39,169   0


TY 2023 TaxesSchedule
Name:
CARLYLE ADAMS FOUNDATION
EIN:
46-1611619
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 678 678   0
PROPERTY TAXES 3,092 0   3,092
FEDERAL EXCISE TAX 26,733 0   0
PROPERTY TAXES 5,375 5,375   0