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
A E FINLEY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 98266
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27624
A Employer identification number

56-6057379
B Telephone number (see instructions)

(919) 782-0565
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$31,858,900J 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 1,005 1,005  
4 Dividends and interest from securities... 774,002 774,002  
5a Gross rents............ 139,254 139,254  
b Net rental income or (loss) 77,459
6a Net gain or (loss) from sale of assets not on line 10 180,687
b Gross sales price for all assets on line 6a 4,462,236
7 Capital gain net income (from Part IV, line 2)... 180,687
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
18,159 17,957  
12 Total. Add lines 1 through 11........ 1,113,107 1,112,905  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,268 8,634   8,634
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,500 5,500   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
34,044 21,233   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
61,815 61,649  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,165 583   582
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
96,030 93,672   2,358
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 215,822 191,271   11,574
25 Contributions, gifts, grants paid....... 1,156,750 1,156,750
26 Total expenses and disbursements. Add lines 24 and 25 1,372,572 191,271   1,168,324
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -259,465
b Net investment income (if negative, enter -0-) 921,634
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 315,293 853,153 853,153
3 Accounts receivable right arrow393
Less: allowance for doubtful accounts right arrow   870 393 393
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.......... 10,341 27,913 27,913
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 27,629,817 Click to see attachment
List of Attached Documents:
// Content
26,969,448 		25,772,201
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow2,654,830
Less: accumulated depreciation (attach schedule) right arrow1,231,916 1,479,968 Click to see attachment
List of Attached Documents:
// Content
1,422,914 		1,422,843
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 799,920 Click to see attachment
List of Attached Documents:
// Content
704,352 		3,712,831
14 Land, buildings, and equipment: basis right arrow317,929
Less: accumulated depreciation (attach schedule) right arrow317,929 520 Click to see attachment
List of Attached Documents:
// Content
0 		0
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
127,811 		Click to see attachment
List of Attached Documents:
// Content
69,566 		Click to see attachment
List of Attached Documents:
// Content
69,566
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,364,540 30,047,739 31,858,900
Liabilities 17 Accounts payable and accrued expenses.......... 1,084 1,998
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
10,278 		Click to see attachment
List of Attached Documents:
// Content
26,503
23 Total liabilities (add lines 17 through 22)......... 11,362 28,501
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........ 14,209,456 14,209,456
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 16,143,722 15,809,782
29 Total net assets or fund balances (see instructions)..... 30,353,178 30,019,238
30 Total liabilities and net assets/fund balances (see instructions). 30,364,540 30,047,739
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
30,353,178
2
Enter amount from Part I, line 27a .....................
2
-259,465
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,093,713
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
74,475
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,019,238
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 LONG TERM CAPITAL GAINS-DEUTSCHE BANK PE P    
b SEI LIMITED DURATION BOND P 2022-10-31 2023-05-08
c SEI LIMITED DURATION BOND P 2022-10-31 2023-08-10
d SEI LIMITED DURATION BOND P 2023-01-01 2023-11-20
e SEI LIMITED DURATION BOND P 2023-01-01 2023-12-14
SEI EMERGING MRKTS EQ-A P 2023-03-31 2023-08-07
SEI ULTRA SH DURATION BD FD P 2022-10-31 2022-05-08
SEI ULTRA SH DURATION BD FD P 2022-10-31 2023-08-10
SEI ULTRA SH DURATION BD FD P 2023-01-01 2023-11-20
SEI ULTRA SH DURATION BD FD P 2023-11-30 2023-12-13
SEI ULTRA SH DURATION BD FD P 2023-01-10 2023-12-14
SEI CORE FIXED INCOME FUND P 2018-06-01 2023-03-15
SEI HIGH YIELD BOND FUND P 2018-06-01 2023-03-15
SEI HIGH YIELD BOND FUND P 2018-06-01 2023-03-31
SEI HIGH YIELD BOND FUND P 2018-06-11 2023-05-08
SEI HIGH YIELD BOND FUND P 2018-06-11 2023-01-06
SEI HIGH YIELD BOND FUND P 2018-06-11 2023-11-20
SEI HIGH YIELD BOND FUND P 2018-06-11 2023-12-13
SEI US EQUITY FCTR ALLOC P 2022-01-14 2023-03-31
SEI US EQUITY FCTR ALLOC P 2022-01-14 2023-08-07
SEI US EQUITY FCTR ALLOC P 2022-01-14 2023-11-06
SEI US EQUITY FCTR ALLOC P 2022-01-14 2023-01-20
SEI US EQUITY FCTR ALLOC P 2022-01-14 2023-12-13
SEI LIMITED DURATION BOND P 2022-10-31 2023-11-07
SEI LIMITED DURATION BOND P 2022-01-01 2023-11-20
SEI S&P 500 IDX-A P 2022-01-01 2023-03-15
SEI S&P 500 IDX-A P 2022-01-01 2023-03-31
SEI S&P 500 IDX-A P 2018-12-14 2023-05-08
SEI S&P 500 IDX-A P 2018-12-14 2023-08-07
SEI S&P 500 IDX-A P 2018-12-14 2023-11-06
SEI S&P 500 IDX-A P 2018-12-14 2023-11-20
SEI S&P 500 IDX-A P 2018-12-14 2023-12-13
SEI EXTENDED MKT INDEX-A P 2018-12-14 2023-02-06
SEI EXTENDED MKT INDEX-A P 2018-12-14 2023-03-15
SEI EXTENDED MKT INDEX-A P 2018-12-14 2023-03-31
SEI EXTENDED MKT INDEX-A P 2021-02-26 2023-08-07
SEI EXTENDED MKT INDEX-A P 2021-02-26 2023-11-06
SEI EXTENDED MKT INDEX-A P 2021-02-26 2023-11-20
SEI EXTENDED MKT INDEX-A P 2021-02-26 2023-12-13
SEI ULTRA SH DURATION BD FD P 2022-10-31 2023-11-07
SEI ULTRA SH DURATION BD FD P 2022-10-31 2023-11-20
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-03-15
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-03-31
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-05-08
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-08-07
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-11-06
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-11-20
SEI DYNAMIC ASSET ALLOC FUND P 2018-06-22 2023-12-13
EMERGING MRKTS DEBT FUND P 2018-06-01 2023-02-06
EMERGING MRKTS DEBT FUND P 2018-06-01 2023-03-15
EMERGING MRKTS DEBT FUND P 2018-06-01 2023-03-31
EMERGING MRKTS DEBT FUND P 2018-06-01 2023-05-08
EMERGING MRKTS DEBT FUND P 2018-06-01 2023-11-06
EMERGING MRKTS DEBT FUND P 2018-06-01 2023-12-13
SEI WORLD EQUITY EX-US FUND P 2018-06-01 2023-02-06
SEI WORLD EQUITY EX-US FUND P 2018-06-01 2023-03-15
SEI WORLD EQUITY EX-US FUND P 2018-06-01 2023-03-31
SEI WORLD EQUITY EX-US FUND P 2018-06-01 2023-05-08
SEI SMALL/MID CAP EQTY FUND P 2022-01-14 2023-02-06
SEI SMALL/MID CAP EQTY FUND P 2022-01-14 2023-08-07
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-03-15
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-03-31
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-05-08
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-08-07
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-11-06
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-11-20
SEI LARGE CAP DISCPL EQ FUND P 2022-01-14 2023-12-13
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 29,812     29,812
b 10   10 0
c 16   16 0
d 332,317   334,144 -1,827
e 2,020   2,006 14
45   43 2
10   10 0
16   16 0
337,924   334,931 2,993
12   12 0
2,016   2,008 8
50,165   56,119 -5,954
48,165   59,665 -11,500
449,980   552,204 -102,224
4,211   5,204 -993
1,654   2,075 -421
2,274   2,846 -572
24,429   30,174 -5,745
8,876   11,173 -2,297
4,313   4,996 -683
4,619   5,548 -929
25,655   29,670 -4,015
155,982   172,653 -16,671
16   16 0
1,731   1,716 15
35,674   30,495 5,179
37,528   29,839 7,689
7,525   5,580 1,945
8,056   5,470 2,586
8,183   5,751 2,432
49,171   33,144 16,027
254,559   180,205 74,354
4,891   4,282 609
8,878   8,618 260
233,107   253,885 -20,778
2,562   3,529 -967
464   702 -238
3,477   5,017 -1,540
55,411   73,982 -18,571
16   16 0
1,789   1,756 33
12,457   13,999 -1,542
23,114   24,598 -1,484
3,231   3,420 -189
4,955   4,815 140
5,171   5,186 -15
27,790   26,918 872
143,528   134,983 8,545
263   305 -42
52,914   63,379 -10,465
482,774   561,487 -78,713
1,243   1,425 -182
258   301 -43
12,823   14,443 -1,620
13,852   17,425 -3,573
250,890   333,083 -82,193
510,798   640,224 -129,426
5,943   7,323 -1,380
2,892   3,391 -499
375   446 -71
10,857   13,258 -2,401
9,356   10,850 -1,494
508   587 -79
2,677   2,841 -164
3,342   3,660 -318
21,128   22,196 -1,068
120,675   121,480 -805
540,863     540,863
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       29,812
b       0
c       0
d       -1,827
e       14
      2
      0
      0
      2,993
      0
      8
      -5,954
      -11,500
      -102,224
      -993
      -421
      -572
      -5,745
      -2,297
      -683
      -929
      -4,015
      -16,671
      0
      15
      5,179
      7,689
      1,945
      2,586
      2,432
      16,027
      74,354
      609
      260
      -20,778
      -967
      -238
      -1,540
      -18,571
      0
      33
      -1,542
      -1,484
      -189
      140
      -15
      872
      8,545
      -42
      -10,465
      -78,713
      -182
      -43
      -1,620
      -3,573
      -82,193
      -129,426
      -1,380
      -499
      -71
      -2,401
      -1,494
      -79
      -164
      -318
      -1,068
      -805
      540,863
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 2 180,687
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 12,811
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 12,811
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 12,811
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 38,803
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 38,803
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 25,992
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow25,992 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowAEFINLEYFOUNDATION.ORG
14
The books are in care ofright arrowDUKE FINLEY Telephone no.right arrow (919) 782-0565

Located atright arrowPO BOX 98266RALEIGHNC ZIP+4right arrow27624
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
Yes
 
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
 
No
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
DUKE FINLEY CHAIRMAN/PRESIDENT
4.00 		0 0 0
PO BOX 98266
RALEIGH,NC27624
VIC BELL VICE PRESIDENT
4.00 		0 0 0
PO BOX 98266
RALEIGH,NC27624
KEVIN ANDERSON SECRETARY
4.00 		0 0 0
PO BOX 98266
RALEIGH,NC27624
ANN DILLON DIRECTOR
4.00 		0 0 0
PO BOX 98266
RALEIGH,NC27624
JIM WELCH DIRECTOR
4.00 		0 0 0
PO BOX 98266
RALEIGH,NC27624
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
24,914,731
b
Average of monthly cash balances.......................
1b
496,266
c
Fair market value of all other assets (see instructions)................
1c
195,374
d
Total (add lines 1a, b, and c).........................
1d
25,606,371
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
25,606,371
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
384,096
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
25,222,275
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,261,114
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
1,261,114
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,811
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,811
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,248,303
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,248,303
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
1,248,303
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
1,168,324
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
1,168,324
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 1,248,303
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...... 69,742
b From 2019......  
c From 2020......  
d From 2021...... 42,268
e From 2022......  
f Total of lines 3a through e ........ 112,010
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,168,324
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..... 1,168,324
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 79,979 79,979
(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 32,031
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 ...... 		32,031
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 32,031
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

ASBURY CHURCH

6612 CREEDMOOR ROAD
RALEIGH,NC27613 		  PC OPERATING SUPPORT 2,500

ALLIANCE MEDICAL MINISTRY

101 DONALD ROSS DR
RALEIGH,NC27610 		  PC OPERATING SUPPORT 10,000

CAM RALEIGH

409 W MARTIN ST
RALEIGH,NC27603 		  PC OPERATING SUPPORT 10,000

CARTERET HEALTH CARE FOUNDATION

3500 ARENDELL ST
MOREHEAD CITY,NC28557 		  PC OPERATING SUPPORT 2,500

CASA

PO BOX 12545
RALEIGH,NC27605 		  PC OPERATING SUPPORT 5,000

CLI PRISON ALLIANCE

3001 SPRING FOREST ROAD SUITE 101
RALEIGH,NC27616 		  PC OPERATING SUPPORT 6,500

CONTINUOUS BLESSINGS FOUNDATION

8901 STRICKLAND ROAD
RALEIGH,NC27615 		  PC OPERATING SUPPORT 2,500

DIX PARK CONSERVANCY

PO BOX 28575
RALEIGH,NC27611 		  PC OPERATING SUPPORT 12,500

DUKE CHILDREN'S HOSPITAL

2301 ERWIN RD
DURHAM,NC27705 		  PC OPERATING SUPPORT 2,500

DUKE UNIVERSITY

PO BOX 90542
DURHAM,NC27708 		  PC FACILITY MAINTENANCE 68,015

ECHO COMMUNITY FOUNDATION

415 WILLINGHEAM ROAD
MORRISVILLE,NC27560 		  PC OPERATING SUPPORT 5,000

HARGRAVE MILITARY ACADEMY

200 MILITARY DRIVE
CHATHAM,VA24531 		  PC OPERATING SUPPORT 68,015

HAYES BARTON BAPTIST CHURCH

1800 GLENWOOD AVENUE
RALEIGH,NC27608 		  PC OPERATING SUPPORT 2,500

KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION

205 KENAN CENTER CB 3490
CHAPEL HILL,NC27599 		  PC OPERATING SUPPORT 2,500

LAKE JUNALUSKA ASSEMBLY

759 N LAKESHORE DR
LAKE JUNALUSKA,NC28745 		  PC OPERATING SUPPORT 5,000

MARBLES KIDS MUSEUM

201 E HARGETT ST
RALEIGH,NC27601 		  PC OPERATING SUPPORT 4,000

MRBALLEN FOUNDATION INC

PO BOX 23055
PORTLAND,OR97281 		  PC OPERATING SUPPORT 2,500

NC FAMILY POLICY COUNCIL

343 E SIX FORKS ROAD 340
RALEIGH,NC27609 		  PC OPERATING SUPPORT 2,500

NC MUSEUM OF ART FOUNDATION

4630 MAIL SERVICE CENTER
RALEIGH,NC27699 		  PC OPERATING SUPPORT 2,500

NC STUDY CENTER

203 BATTLE LANE
CHAPEL HILL,NC27514 		  PC OPERATING SUPPORT 2,500

NC TENNIS FOUNDATION

2709 HENRY ST
GREENSBORO,NC27405 		  PC OPERATING SUPPORT 5,000

NCSU WOLFPACK CLUB

PO BOX 37100
RALEIGH,NC27627 		  PC FACILITY MAINTENANCE 108,850

NORTH CAROLINA COASTAL FEDERATION

3609 NC 24
NEWPORT,NC28570 		  PC OPERATING SUPPORT 2,500

NORTH CAROLINA LIONS FOUNDATION

PO BOX 39
SHERRILLS FORD,NC28673 		  PC OPERATING SUPPORT 2,500

NORTH CAROLINA MUSEUM OF HISTORY FOUNDATION

5 EAST EDENTON ST
RALEIGH,NC27601 		  PC OPERATING SUPPORT 2,500

NORTH RALEIGH MINISTRIES

9650 STRICKLAND RD SUITE 175
RALEIGH,NC27615 		  PC OPERATING SUPPORT 2,500

OBERLIN MIDDLE SCHOOL

2816 OBERLIN RD
RALEIGH,NC27608 		  PC OPERATING SUPPORT 1,500

OUR YOUTH MATTERS

14460 NEW FALLS OF NEUSE RD
RALEIGH,NC27614 		  PC OPERATING SUPPORT 2,500

PROVIDENCE BAPTIST CHURCH

6339 GLENWOOD AVENUE
RALEIGH,NC27612 		  PC OPERATING SUPPORT 10,000

RALEIGH MUSIC COLLECTIVE

113 MAYWOOD DRIVE
RALEIGH,NC27603 		  PC OPERATING SUPPORT 5,000

RALEIGH POLICE FOUNDATION

PO BOX 18283
RALEIGH,NC27619 		  PC OPERATING SUPPORT 5,000

RALEIGH RESCUE MISSION

314 E HARGETT ST
RALEIGH,NC27601 		  PC OPERATING SUPPORT 19,000

RAVENSCROFT SCHOOL

7409 FALLS OF NEUSE ROAD
RALEIGH,NC27615 		  PC FACILITY MAINTENANCE AND FINANCIAL AID 272,185

RONALD MCDONALD HOUSE OF DURHAMWAKE COUNTY

506 ALEXANDER AVE
DURHAM,NC27705 		  PC OPERATING SUPPORT 4,000

SAFE CHILD

2841 KIDD ROAD
RALEIGH,NC27610 		  PC OPERATING SUPPORT 2,500

SAINT MARY'S SCHOOL

900 HILLSBOROUGH STREET
RALEIGH,NC27603 		  PC OPERATING SUPPORT 2,500

ST DAVID'S SCHOOL

3400 WHITE OAK RD
RALEIGH,NC27609 		  PC OPERATING SUPPORT 3,500

STEP UP MINISTRY

1701 OBERLIN RD
RALEIGH,NC27608 		  PC OPERATING SUPPORT 5,000

THE GREEN CHAIR PROJECT

1853 CAPITAL BLVD
RALEIGH,NC27604 		  PC OPERATING SUPPORT 2,500

THE MIRACLE LEAGUE OF THE TRIANGLE

PO BOX 4193
CARY,NC27519 		  PC OPERATING SUPPORT 2,500

TRANSITIONS LIFECARE

250 HOSPICE CIRCLE
RALEIGH,NC27607 		  PC OPERATING SUPPORT 10,000

TRIANGLE FAMILY SERVICES

3937 WESTERN BLVD
RALEIGH,NC27606 		  PC OPERATING SUPPORT 10,000

TRIANGLE FCA

4600 MARRIOTT DRIVE SUITE 120
RALEIGH,NC27612 		  PC OPERATING SUPPORT 2,500

UNC FINLEY GOLF COURSE

PO BOX 2675
CHAPEL HILL,NC27515 		  PC FACILITY MAINTENANCE 108,850

UNC HEALTH FOUNDATION

PO BOX 1050
CHAPEL HILL,NC27514 		  PC OPERATING SUPPORT 54,485

UNC LAW FOUNDATION

PO BOX 309
CHAPEL HILL,NC27514 		  PC OPERATING SUPPORT 2,500

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

CB 3425
CHAPEL HILL,NC27599 		  PC OPERATING SUPPORT 7,500

WAKE FOREST UNIVERSITY

PO BOX 7838
WINSTONSALEM,NC27109 		  PC OPERATING SUPPORT 20,000

WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION

9101 FAYETTEVILLE RD
RALEIGH,NC27603 		  PC OPERATING SUPPORT 5,000

WHITE MEMORIAL PRESBYTERIAN CHURCH FOUNDATION

1704 OBERLIN RD
RALEIGH,NC27608 		  PC OPERATING SUPPORT 72,015

WILLIAM PEACE UNIVERSITY

15 EAST PEACE STREET
RALEIGH,NC27604 		  PC FACILITY MAINTENANCE 54,485

YMCA OF THE TRIANGLE

801 CORPORATE CENTER DRIVE SUITE
200
RALEIGH,NC27607 		  PC OPERATING SUPPORT 20,000

YMCA OF THE TRIANGLE

801 CORPORATE CENTER DRIVE SUITE
200
RALEIGH,NC27607 		  PC FACILITY MAINTENANCE 108,850
Total .................................right arrow 3a 1,156,750
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 1,005  
4 Dividends and interest from securities ....     14 774,002  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 77,459  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 180,687  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aTRUST INCOME 		    14 37,514  
bINVESTMENT INC (EXP) PUBLIC PARTNERSHIPS     14 -3,192  
cSPIA INCOME     14 19,829  
dUBTI-PUBLIC PARTNERSHIPS 525990 202 14    
eOTHER INVESTMENT INC (EXP)     14 -36,194  
12 Subtotal. Add columns (b), (d), and (e) .. 202 1,051,110 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,051,312
(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
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Form 990-PF (2023)
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Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 17,268 8,634   8,634

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TY 2023 DepreciationSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
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
LAND 1998-10-13 403,624   L   0 0    
LAND IMPROVEMENTS 2003-03-15 16,850 16,850 SL 15.000000000000 0 0    
MORTGAGE LOAN COST 2003-10-25 10,113 10,113 SL 3.500000000000 0 0    
MORTGAGE LOAN COST 2005-09-30 4,050 4,050 SL 15.000000000000 0 0    
BUILDING 2003-03-15 2,133,647 1,085,064 SL 39.000000000000 54,709 54,709    
SIDEWALK ASSESSMENT 2007-08-31 23,822 23,160 SL 15.000000000000 662 662    
FENCE WITH ELECTRIC GATES 2013-03-20 46,479 31,384 150DB 15.000000000000 2,745 3,099    
CARPETING 2023-01-01 12,004   SL 5.000000000000 2,401 2,401    
CARPETING 2023-01-20 4,241   SL 5.000000000000 778 778    
PANASONICTV/VCR/DVD 2001-07-15 791 791 SL 7.000000000000 0 0    
SECURITY SYSTEM 2003-03-15 5,555 5,555 SL 7.000000000000 0 0    
OFFICE FURNITURE - RAL OFF INT 2003-03-15 27,194 27,194 SL 7.000000000000 0 0    
OFFICE FURNITURE - STORR OFFICE 2003-03-15 5,130 5,130 SL 7.000000000000 0 0    
OFFICE FURNITURE - PRICE MODERN 2003-03-15 92,847 92,847 SL 7.000000000000 0 0    
VIDEO EQUIPMENT-NOWAUDIOVIDEO 2003-03-15 16,121 16,121 SL 5.000000000000 0 0    
RUGS - ZAKI ORIENTAL RUGS 2003-03-15 6,197 6,197 SL 7.000000000000 0 0    
MODELS - SY SHOPS 2003-03-15 60,007 60,007 SL 15.000000000000 0 0    
LAMPS - ONE DESIGN CENTER 2003-03-15 706 706 SL 7.000000000000 0 0    
LAMPS - ONE DESIGN CENTER 2003-03-15 713 713 SL 7.000000000000 0 0    
DECORATIONS & FRAMING - ODC 2003-03-15 10,543 10,543 SL 7.000000000000 0 0    
LIGHT FIXTURES 2003-03-15 14,402 14,402 SL 7.000000000000 0 0    
WALL & FLOOR COVERINGS- ODC 2003-03-15 28,179 28,179 SL 15.000000000000 0 0    
FRAMINGS & LAMPSHADES 2003-03-26 2,253 2,253 SL 7.000000000000 0 0    
FRAMED MEMORABILIA-ODC 2003-04-11 788 788 SL 7.000000000000 0 0    
INTERIOR SIGNAGE & FRAMING 2003-04-14 1,961 1,961 SL 7.000000000000 0 0    
MIRRORS & URN - ODC 2003-04-30 753 753 SL 7.000000000000 0 0    
DESK LAMP - BELK 2003-05-09 515 515 SL 7.000000000000 0 0    
WINDOW TREATMENTS - ODC 2003-06-10 1,015 1,015 SL 7.000000000000 0 0    
LEATHER BOX, FRAMING - ODC 2003-06-18 5,591 5,591 SL 7.000000000000 0 0    
WOOD BLINDS 2003-06-26 2,288 2,288 SL 7.000000000000 0 0    
ROUND TABLE TRUCK & FRAMING 2003-07-18 731 731 SL 7.000000000000 0 0    
CUSTOM VANITY - AMAE 2003-07-30 2,170 2,170 SL 7.000000000000 0 0    
FRAMING - ODC 2003-10-06 2,472 2,472 SL 7.000000000000 0 0    
LAMP 2003-12-10 550 550 SL 7.000000000000 0 0    
COMPANION CHAIR 2003-12-24 4,268 4,268 SL 7.000000000000 0 0    
FRAME 2004-01-15 832 832 SL 7.000000000000 0 0    
FRAME (YATES MILL) 2004-02-11 949 949 SL 7.000000000000 0 0    
FRAME (FINLEY HOUSE) 2004-04-21 750 750 SL 7.000000000000 0 0    
TV/VCR/DVD 2004-10-01 1,285 1,285 SL 7.000000000000 0 0    
TOSHIBA PHONE SYSTEM 2005-08-31 6,420 6,420 SL 5.000000000000 0 0    
DELL PRINTER 2006-07-31 265 265 SL 5.000000000000 0 0    
FRAME 2006-07-31 502 502 SL 7.000000000000 0 0    
UPDATE TO MODELS - SY SHOP 2007-12-11 4,400 4,400 SL 5.000000000000 0 0    
PROJECTOR 2010-03-16 1,062 1,062 200DB 5.000000000000 0 0    
HP COLOR LASERJET CP2025 2011-06-01 350 350 200DB 5.000000000000 0 0    
SONIC WALL TZ 100 2011-06-01 839 839 200DB 5.000000000000 0 0    
HP PHOTOSMART D110A 2011-06-07 80 80 200DB 5.000000000000 0 0    
LAPTOP 2012-03-02 587 587 200DB 5.000000000000 0 0    
REFRIGERATOR 2012-04-30 1,280 1,280 200DB 5.000000000000 0 0    
PATIO FURNITURE SET 2012-04-30 1,281 1,281 200DB 7.000000000000 0 0    
SAVIN COPIER 2014-02-07 6,300 6,300 200DB 5.000000000000 0 0    
DELL PC (SYLVIA) 2015-09-16 2,354 2,354 200DB 5.000000000000 0 0    
DEHUMIDIFIER 2016-03-24 2,659 2,659 200DB 5.000000000000 0 0    
WEBSITE DESIGN 2017-12-07 1,250 1,250 SL 5.000000000000 0 0    
WEBSITE DEVELOPMENT 2018-10-30 3,128 2,608 SL 5.000000000000 520 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCKS 26,969,448 25,772,201

TY 2023 InvestmentsLandSchedule2
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 403,624 0 403,624 403,624
LAND IMPROVEMENTS 16,850 16,850 0 0
MORTGAGE LOAN COST 10,113 10,113 0 0
MORTGAGE LOAN COST 4,050 4,050 0 0
BUILDING 2,133,647 1,139,773 993,874 993,874
SIDEWALK ASSESSMENT 23,822 23,822 0 0
FENCE WITH ELECTRIC GATES 46,479 34,129 12,350 12,350
CARPETING 12,004 2,401 9,603 9,603
CARPETING 4,241 778 3,463 3,392

TY 2023 InvestmentsOtherSchedule2
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LIFE INSURANCE ANNUITIES AT COST 3,892 3,892
INVESTMENT IN DEUTSCHE BANK PRIVATE EQUITY GLOBAL SELECT V AT COST 40,098 70,047
REMAINDER INTEREST-FINLEY CHARITABLE REMAINDER UNITRUST AT COST 90,312 958,199
REMAINDER INTEREST-MAR-FIN CHARITABLE TRUST AT COST 570,050 2,680,693

TY 2023 LandEtcSchedule2
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SECURITY SYSTEM 5,555 5,555 0  
OFFICE FURNITURE - RAL OFF INT 27,194 27,194 0  
OFFICE FURNITURE - STORR OFFICE 5,130 5,130 0  
OFFICE FURNITURE - PRICE MODERN 92,847 92,847 0  
VIDEO EQUIPMENT-NOWAUDIOVIDEO 16,121 16,121 0  
RUGS - ZAKI ORIENTAL RUGS 6,197 6,197 0  
MODELS - SY SHOPS 60,007 60,007 0  
LAMPS - ONE DESIGN CENTER 706 706 0  
LAMPS - ONE DESIGN CENTER 713 713 0  
DECORATIONS & FRAMING - ODC 10,543 10,543 0  
LIGHT FIXTURES 14,402 14,402 0  
WALL & FLOOR COVERINGS- ODC 28,179 28,179 0  
FRAMINGS & LAMPSHADES 2,253 2,253 0  
FRAMED MEMORABILIA-ODC 788 788 0  
INTERIOR SIGNAGE & FRAMING 1,961 1,961 0  
MIRRORS & URN - ODC 753 753 0  
DESK LAMP - BELK 515 515 0  
WINDOW TREATMENTS - ODC 1,015 1,015 0  
LEATHER BOX, FRAMING - ODC 5,591 5,591 0  
WOOD BLINDS 2,288 2,288 0  
ROUND TABLE TRUCK & FRAMING 731 731 0  
CUSTOM VANITY - AMAE 2,170 2,170 0  
FRAMING - ODC 2,472 2,472 0  
LAMP 550 550 0  
COMPANION CHAIR 4,268 4,268 0  
FRAME 832 832 0  
FRAME (YATES MILL) 949 949 0  
FRAME (FINLEY HOUSE) 750 750 0  
FRAME 502 502 0  
UPDATE TO MODELS - SY SHOP 4,400 4,400 0  
PROJECTOR 1,062 1,062 0  
LAPTOP 587 587 0  
REFRIGERATOR 1,280 1,280 0  
PATIO FURNITURE SET 1,281 1,281 0  
SAVIN COPIER 6,300 6,300 0  
DEHUMIDIFIER 2,659 2,659 0  
WEBSITE DESIGN 1,250 1,250 0  
WEBSITE DEVELOPMENT 3,128 3,128 0  


TY 2023 OtherAssetsSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ART & SCULPTURES 69,566 69,566 69,566
DEFERRED TAX ASSET 58,245    


TY 2023 OtherDecreasesSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Description Amount
DEFERRED TAXES 74,470
UBIT TAX 5


TY 2023 OtherExpensesSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER SUPPLIES & REPAIRS 639 0   639
MANAGEMENT FEES 91,383 91,383   0
POSTAGE & DELIVERY 354 177   177
INSURANCE 3,084 1,542   1,542
SERVICE CHARGES 70 70   0
REPAIRS AND MAINTENANCE 500 500   0


TY 2023 OtherIncomeSchedule2
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TRUST INCOME 37,514 37,514 37,514
INVESTMENT INC (EXP) PUBLIC PARTNERSHIPS -3,192 -3,192 -3,192
SPIA INCOME 19,829 19,829 19,829
UBTI-PUBLIC PARTNERSHIPS 202 0 202
OTHER INVESTMENT INC (EXP) -36,194 -36,194 -36,194


TY 2023 OtherLiabilitiesSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Description Beginning of Year - Book Value End of Year - Book Value
BUILDING DEPOSIT 10,278 10,278
DEFERRED TAX LIABILITY 0 16,225


TY 2023 OtherProfessionalFeesSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 5,500 5,500   0


TY 2023 TaxesSchedule
Name:
A E FINLEY FOUNDATION INC
EIN:
56-6057379
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 21,233 21,233   0
FEDERAL EXCISE TAX 12,811 0   0