TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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 02-01-2023 , and ending 01-31-2024

Name of foundation
SPRING CHR TR

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

23-6290545

B Telephone number (see instructions)

(800) 352-3705

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$13,761,273J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	323,095		323,095
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		589,538
b	Gross sales price for all assets on line 6a 1,793,142
7	Capital gain net income (from Part IV, line 2)...			589,538
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	912,633		912,633
13	Compensation of officers, directors, trustees, etc.	147,846		133,061		14,785
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,126	0	0	1,126
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	5,995	5,995		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	8,595	8,299		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	332	332
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	163,894		147,687	0	15,911
25	Contributions, gifts, grants paid.......	640,000				640,000
26	Total expenses and disbursements. Add lines 24 and 25	803,894		147,687	0	655,911
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	108,739
b	Net investment income (if negative, enter -0-)			764,946
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	132,500	347,097	347,097
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	1,860,092	List of Attached Documents: // Content 1,865,505	3,410,067
	c	Investments—corporate bonds (attach schedule).......	2,325,339	List of Attached Documents: // Content 2,561,109	2,419,383
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,916,262	List of Attached Documents: // Content 4,574,854	7,584,726
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,234,193	9,348,565	13,761,273
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )		List of Attached Documents: // Content 58,491
	23	Total liabilities (add lines 17 through 22).........		58,491
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,234,193	9,290,074
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	9,234,193	9,290,074
	30	Total liabilities and net assets/fund balances (see instructions).	9,234,193	9,348,565

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

9,234,193

Enter amount from Part I, line 27a .....................

108,739

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

951

Add lines 1, 2, and 3 ..........................

9,343,883

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

53,809

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,290,074

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	70. CALL WRITE EEM @ 44.00 3/17/23		2023-01-23	2023-02-08
b	88. CALL WRITE EEM @ 46.00 4/21/23		2023-01-24	2023-02-08
c	30000. US TREASURY NOTE 0.750% 12/31/23		2022-01-19	2023-02-08
d	10000. US TREASURY NOTE 0.875% 1/31/24		2022-02-01	2023-02-08
e	8. BLACKROCK INC		2018-08-08	2023-02-09
	126. COGNIZANT TECH SOLUTIONS CRP COM		2017-10-02	2023-02-09
	145. FIDELITY NATL INFORMATION SVCS INC		2022-06-24	2023-02-09
	439. FIDELITY NATL INFORMATION SVCS INC		2019-06-11	2023-02-09
	180. INTERPUBLIC GROUP COS INC		2020-10-26	2023-02-09
	41. JPMORGAN CHASE & CO		2017-12-01	2023-02-09
	33. UNION PACIFIC CORP		2017-11-01	2023-02-09
	49. WASTE MANAGEMENT INC		2020-03-03	2023-02-09
	55.57 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-02-15
	35. CALL WRITE IVV @ 435.00 3/17/23		2023-02-07	2023-02-22
	44.25 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-02-25
	133.44 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-02-25
	128.9 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-02-25
	56.15 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-02-25
	242.96 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-02-25
	557.06 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-02-25
	9. CALL WRITE IVV @ 420.00 3/10/23		2023-01-31	2023-03-01
	18. CALL WRITE IWN @ 157.00 3/17/23		2023-02-01	2023-03-02
	440. ISHARES CORE S & P 500 ETF		2010-06-21	2023-03-02
	35000. US TREASURY NOTE 0.875% 1/31/24		2022-01-05	2023-03-06
	69. CALL WRITE IWS @ 119.00 3/17/23		2023-02-02	2023-03-08
	12. CALL WRITE IWO @ 250.00 3/17/23		2023-02-01	2023-03-08
	39. CALL WRITE EFA @ 75.00 4/21/23		2023-01-19	2023-03-09
	84.51 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-03-15
	1. CALL WRITE IWR @ 79.00 5/19/23		2023-02-08	2023-03-16
	73. WALT DISNEY CO		2017-12-01	2023-03-20
	568. MANULIFE FINANCIAL CORP		2017-11-01	2023-03-20
	12. CALL WRITE IWR @ 79.00 5/19/23		2023-02-08	2023-03-20
	12. CALL WRITE IWN @ 165.00 5/19/23		2023-02-02	2023-03-21
	19.28 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-03-25
	121.49 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-03-25
	159.65 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-03-25
	57.74 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-03-25
	242.38 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-03-25
	611.46 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-03-25
	7. CALL WRITE IWO @ 265.00 5/19/23		2023-02-06	2023-04-13
	2. CALL WRITE IWR @ 77.00 5/19/23		2023-02-01	2023-04-13
	80.8 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-04-15
	4. CALL WRITE IWR @ 77.00 5/19/23		2023-02-01	2023-04-17
	12. CALL WRITE IWR @ 77.00 5/19/23		2023-02-01	2023-04-19
	28.33 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-04-25
	145.84 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-04-25
	297.94 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-04-25
	106.56 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-04-25
	251.09 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-04-25
	796.48 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-04-25
	70. CALL WRITE EEM @ 42.00 6/16/23		2023-04-14	2023-05-02
	39. CALL WRITE EFA @ 75.00 5/19/23		2023-01-27	2023-05-02
	4. CALL WRITE IVV @ 430.00 6/02/23		2023-04-17	2023-05-15
	70.4 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-05-15
	713. ISHARES CORE S & P 500 ETF		2010-06-21	2023-05-22
	41.82 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-05-25
	128.11 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-05-25
	105.38 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-05-25
	52.42 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-05-25
	236.1 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-05-25
	631.85 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-05-25
	24. CALL WRITE EFA @ 78.00 8/18/23		2023-05-08	2023-05-31
	21. CALL WRITE IVV @ 435.00 6/16/23		2023-04-19	2023-06-01
	35000. US TREASURY NOTE 2.000% 2/15/25		2015-04-28	2023-06-07
	116. ISHARES CORE S & P 500 ETF		2010-06-21	2023-06-09
	527. CVS HEALTH CORPORATION		2017-11-01	2023-06-14
	88. WALT DISNEY CO		2022-06-24	2023-06-14
	221. WALT DISNEY CO		2017-09-08	2023-06-14
	545. HASBRO INC		2021-04-08	2023-06-14
	710. LAS VEGAS SANDS CORP		2017-09-08	2023-06-14
	528. SYSCO CORP		2020-04-01	2023-06-14
	52.42 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-06-15
	46.05 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-06-25
	147.51 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-06-25
	205.28 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-06-25
	52.69 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-06-25
	253.18 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-06-25
	423.61 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-06-25
	20. CALL WRITE EFA @ 77.00 8/18/23		2023-06-16	2023-07-06
	4. CALL WRITE IWO @ 250.00 7/21/23		2023-06-07	2023-07-07
	50.7 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-07-15
	18. CALL WRITE EEM @ 41.00 7/28/23		2023-06-09	2023-07-21
	33.88 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-07-25
	123.24 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-07-25
	172.53 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-07-25
	62.77 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-07-25
	257.05 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-07-25
	735.69 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-07-25
	44. CALL WRITE EEM @ 42.00 8/18/23		2023-05-16	2023-08-08
	8. CALL WRITE IWR @ 77.00 8/18/23		2023-07-12	2023-08-08
	21. CALL WRITE IWS @ 114.00 8/18/23		2023-04-20	2023-08-09
	6. CALL WRITE IWO @ 255.00 8/18/23		2023-04-20	2023-08-09
	19. CALL WRITE EFA @ 77.00 8/25/23		2023-07-19	2023-08-11
	24. CALL WRITE IWN @ 151.00 8/18/23		2023-07-14	2023-08-11
	4. CALL WRITE IWO @ 260.00 9/15/23		2023-07-12	2023-08-15
	50.88 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-08-15
	6. CALL WRITE IWN @ 150.00 8/18/23		2023-06-20	2023-08-15
	20. CALL WRITE EFA @ 77.00 9/29/23		2023-07-13	2023-08-16
	7. CALL WRITE EEM @ 44.00 10/20/23		2023-07-21	2023-08-17
	7. CALL WRITE IWR @ 80.00 11/17/23		2023-07-13	2023-08-18
	31. CALL WRITE IVV @ 460.00 9/15/23		2023-06-16	2023-08-21
	63. CALL WRITE EEM @ 44.00 11/17/23		2023-08-08	2023-08-23
	12. CALL WRITE IWN @ 151.00 9/15/23		2023-08-15	2023-08-23
	21. CALL WRITE IWS @ 115.00 9/15/23		2023-08-09	2023-08-24
	17.9 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-08-25
	133.6 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-08-25
	109.46 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-08-25
	68.63 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-08-25
	256.7 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-08-25
	462.41 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-08-25
	5. CALL WRITE IWR @ 80.00 11/17/23		2023-07-13	2023-08-28
	4. CALL WRITE IWR @ 80.00 11/17/23		2023-07-13	2023-08-28
	7. CALL WRITE IWR @ 80.00 11/17/23		2023-07-14	2023-08-29
	1635. ISHARES MSCI EMERGING MARKETS		2010-06-21	2023-08-30
	906. ISHARES MSCI EAFE ETF		2010-06-21	2023-08-30
	12. CALL WRITE IWN @ 155.00 11/17/23		2023-09-05	2023-09-14
	54.39 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-09-15
	6. CALL WRITE IWO @ 260.00 11/17/23		2023-09-05	2023-09-18
	41.8 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-09-25
	146.96 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-09-25
	194.13 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-09-25
	53.25 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-09-25
	241.58 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-09-25
	637.68 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-09-25
	7. CALL WRITE EEM @ 42.00 11/17/23		2023-08-17	2023-09-26
	46. CALL WRITE EEM @ 43.00 12/15/23		2023-08-30	2023-09-27
	20. CALL WRITE EFA @ 75.00 11/17/23		2023-08-29	2023-09-27
	53000. US TREASURY NOTE 2.000% 2/15/25		2016-01-26	2023-09-28
	16. CALL WRITE IVV @ 470.00 12/15/23		2023-08-21	2023-10-05
	10000. US TREASURY NOTE 1.625% 5/15/26		2016-05-17	2023-10-05
	10000. US TREASURY NOTE 0.875% 1/31/24		2023-01-12	2023-10-05
	25000. DUKE ENERGY CORP 3.950% 10/15/23		2017-12-19	2023-10-15
	56.26 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-10-15
	40000. SUMITOMO MITSUI FINL 3.936% 10/16/23		2018-10-15	2023-10-16
	14. CALL WRITE EFA @ 73.50 12/15/23		2023-09-27	2023-10-24
	21. CALL WRITE IWS @ 115.00 11/17/23		2023-09-01	2023-10-25
	48.09 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-10-25
	139.05 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-10-25
	125.88 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-10-25
	53.41 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-10-25
	850.85 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-10-25
	539.69 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-10-25
	15000. US TREASURY NOTE 2.750% 2/15/24		2023-10-16	2023-11-06
	10. CALL WRITE IVV @ 452.50 12/01/23		2023-10-16	2023-11-14
	50.9 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-11-15
	25000. MOSAIC CO 4.250% 11/15/23		2013-11-07	2023-11-15
	60000. US TREASURY NOTE 2.750% 8/15/32		2022-09-06	2023-11-21
	22.23 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-11-25
	126.87 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-11-25
	117.87 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-11-25
	60.17 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-11-25
	255.19 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-11-25
	410.78 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-11-25
	2541. ISHARES RUSSELL MID-CAP GROWTH		2010-06-21	2023-12-01
	30000. BB&T CORPORATION 3.750% 12/06/23		2019-02-19	2023-12-06
	20000. US TREASURY NOTE 2.750% 2/15/24		2023-10-16	2023-12-06
	40. CALL WRITE EEM @ 41.00 1/19/24		2023-11-07	2023-12-13
	62.92 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-12-15
	71. CELANESE CORP		2017-11-01	2023-12-18
	837. INTERPUBLIC GROUP COS INC		2020-10-26	2023-12-18
	38. ELI LILLY & CO COM		2017-11-01	2023-12-18
	88. RTX CORP		2023-02-09	2023-12-18
	85. RTX CORP		2022-08-22	2023-12-18
	64. EATON CORP PLC		2021-04-08	2023-12-18
	23. FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-12-25
	123.68 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-12-25
	109.78 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2023-12-25
	57.06 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-12-25
	784.36 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-12-25
	469. FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-12-25
	30000. CAPITAL ONE FINANCIA 3.900% 1/29/24		2019-03-25	2023-12-29
	18.42 FHLMC POOL #ZS4531 4.000% 9/01/43		2013-10-29	2023-12-31
	145.57 FHLMC POOL #ZS8598 3.000% 2/01/31		2020-02-04	2023-12-31
	57.23 FNMA POOL #AV4311 3.000% 11/01/28		2013-10-29	2023-12-31
	787.11 FNMA POOL #BJ0664 3.000% 3/01/33		2020-04-22	2023-12-31
	656.67 FNMA POOL #BM1228 3.000% 5/01/32		2020-04-15	2023-12-31
	77.22 GNMA POOL #759193 3.500% 2/15/26		2013-10-30	2023-12-31
	132.97 FED NATL MTG ASSN 3.500% 4/25/46		2017-04-03	2024-01-25
	1. OTHER		2023-02-01	2024-01-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,240		2,240
b	3,035		3,035
c	28,920	29,838	-918
d	9,618	9,940	-322
e	5,785	3,912	1,873
	8,415	9,128	-713
	10,756	14,141	-3,385
	32,566	52,593	-20,027
	6,626	3,405	3,221
	5,792	4,300	1,492
	6,725	3,842	2,883
	7,446	5,691	1,755
	56	59	-3
	10,304		10,304
	44	46	-2
	133	138	-5
	129	135	-6
	56	58	-2
	243	257	-14
	557	590	-33
	2,288		2,288
	3,114		3,114
	174,185	49,792	124,393
	33,683	34,788	-1,105
	5,037		5,037
	2,508		2,508
	3,601		3,601
	85	89	-4
	40		40
	6,842	7,409	-567
	10,106	11,477	-1,371
	1,270		1,270
	2,612		2,612
	19	20	-1
	121	126	-5
	160	167	-7
	58	60	-2
	242	257	-15
	611	648	-37
	3,038		3,038
	73		73
	81	85	-4
	376		376
	1,172		1,172
	28	30	-2
	146	151	-5
	298	312	-14
	107	111	-4
	251	266	-15
	796	844	-48
	1,890		1,890
	4,157		4,157
	1,260		1,260
	70	74	-4
	300,174	80,685	219,489
	42	44	-2
	128	132	-4
	105	110	-5
	52	54	-2
	236	250	-14
	632	670	-38
	937		937
	5,175		5,175
	33,450	35,072	-1,622
	49,998	13,127	36,871
	35,399	34,345	1,054
	8,155	8,550	-395
	20,480	21,933	-1,453
	33,909	52,455	-18,546
	42,412	40,522	1,890
	38,464	24,272	14,192
	52	55	-3
	46	48	-2
	148	153	-5
	205	215	-10
	53	55	-2
	253	268	-15
	424	449	-25
	642		642
	724		724
	51	54	-3
	198		198
	34	36	-2
	123	127	-4
	173	180	-7
	63	65	-2
	257	272	-15
	736	780	-44
	880		880
	272		272
	2,247		2,247
	1,170		1,170
	513		513
	2,376		2,376
	696		696
	51	54	-3
	564		564
	760		760
	189		189
	553		553
	11,123		11,123
	2,142		2,142
	1,128		1,128
	1,722		1,722
	18	19	-1
	134	138	-4
	109	114	-5
	69	71	-2
	257	272	-15
	462	490	-28
	385		385
	308		308
	560		560
	64,770	67,291	-2,521
	65,028	46,236	18,792
	1,227		1,227
	54	58	-4
	984		984
	42	44	-2
	147	152	-5
	194	203	-9
	53	55	-2
	242	256	-14
	638	676	-38
	231		231
	1,564		1,564
	820		820
	50,644	53,037	-2,393
	5,424		5,424
	9,211	9,908	-697
	9,856	9,616	240
	25,000	26,326	-1,326
	56	60	-4
	40,000	40,034	-34
	574		574
	1,764		1,764
	48	50	-2
	139	144	-5
	126	132	-6
	53	56	-3
	851	901	-50
	540	572	-32
	14,891	14,869	22
	1,640		1,640
	51	54	-3
	25,000	25,090	-90
	52,636	57,040	-4,404
	22	23	-1
	127	131	-4
	118	123	-5
	60	63	-3
	255	270	-15
	411	435	-24
	251,212	66,423	184,789
	30,000	30,808	-808
	19,905	19,826	79
	880		880
	63	67	-4
	10,711	8,503	2,208
	27,392	15,834	11,558
	22,012	3,221	18,791
	7,156	8,598	-1,442
	6,912	7,872	-960
	15,192	9,448	5,744
	23	24	-1
	124	128	-4
	110	115	-5
	57	59	-2
	784	830	-46
	469	497	-28
	30,000	30,746	-746
	18	19	-1
	146	151	-5
	57	59	-2
	787	833	-46
	657	696	-39
	77	82	-5
	133	139	-6
	1	93,411	-93,410
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
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			2
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			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
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			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
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			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
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			2
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			2
			2
			2
			2
			2
			2
			2
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			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2
			2

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			2,240
b			3,035
c			-918
d			-322
e			1,873
			-713
			-3,385
			-20,027
			3,221
			1,492
			2,883
			1,755
			-3
			10,304
			-2
			-5
			-6
			-2
			-14
			-33
			2,288
			3,114
			124,393
			-1,105
			5,037
			2,508
			3,601
			-4
			40
			-567
			-1,371
			1,270
			2,612
			-1
			-5
			-7
			-2
			-15
			-37
			3,038
			73
			-4
			376
			1,172
			-2
			-5
			-14
			-4
			-15
			-48
			1,890
			4,157
			1,260
			-4
			219,489
			-2
			-4
			-5
			-2
			-14
			-38
			937
			5,175
			-1,622
			36,871
			1,054
			-395
			-1,453
			-18,546
			1,890
			14,192
			-3
			-2
			-5
			-10
			-2
			-15
			-25
			642
			724
			-3
			198
			-2
			-4
			-7
			-2
			-15
			-44
			880
			272
			2,247
			1,170
			513
			2,376
			696
			-3
			564
			760
			189
			553
			11,123
			2,142
			1,128
			1,722
			-1
			-4
			-5
			-2
			-15
			-28
			385
			308
			560
			-2,521
			18,792
			1,227
			-4
			984
			-2
			-5
			-9
			-2
			-14
			-38
			231
			1,564
			820
			-2,393
			5,424
			-697
			240
			-1,326
			-4
			-34
			574
			1,764
			-2
			-5
			-6
			-3
			-50
			-32
			22
			1,640
			-3
			-90
			-4,404
			-1
			-4
			-5
			-3
			-15
			-24
			184,789
			-808
			79
			880
			-4
			2,208
			11,558
			18,791
			-1,442
			-960
			5,744
			-1
			-4
			-5
			-2
			-46
			-28
			-746
			-1
			-5
			-2
			-46
			-39
			-5
			-6
			-93,410

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	589,538
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	10,633
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	10,633
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	10,633
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	4,508
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,508
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.......		9	6,125
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

WELLS FARGO BANK Telephone no. right arrow

(800) 352-3705

Located at right arrow

100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+4 right arrow

27107

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
DIANNE L SEMINGSON CO WELLS FARGO	CO-TRUSTEE 1	21,662
100 N MAIN ST FL 5 D4001-052 WINSTONSALEM,NC27101	CO-TRUSTEE 1	21,662
WELLS FARGO BANK N A	TRUSTEE 1	126,184
100 N MAIN ST FL 5 D4001-052 WINSTONSALEM,NC27101	TRUSTEE 1	126,184

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...................				0

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 arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,895,081

Average of monthly cash balances.......................

180,533

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

13,075,614

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

13,075,614

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

196,134

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

12,879,480

Minimum investment return. Enter 5% (0.05) of line 5................

643,974

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.)

Minimum investment return from Part IX, line 6..................

643,974

Tax on investment income for 2022 from Part V, line 5.......

10,633

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

10,633

Distributable amount before adjustments. Subtract line 2c from line 1............

633,341

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

633,341

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

633,341

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

655,911

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

655,911

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					633,341
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				637,256
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 655,911
a Applied to 2022, but not more than line 2a				637,256
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.....					18,655
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					614,686
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE SALVATION ARMY 615 SLATERS LN ALEXANDRIA,VA22314	NONE	PC	GENERAL	42,688
SIMPSON HOUSE 150 MONUMENT RD STE 202 BALA CYNWYD,PA190041725	NONE	PC	GENERAL OPERATING	170,688
BUCKS CITY ASSOC FOR THE BLIND 400 FREEDOM DRIVE NEWTOWN,PA18940	NONE	PC	GENERAL OPERATING	85,312
SHRINERS HOSPITAL FOR CHILDREN PO BOX 31356 TAMPA,FL33631	NONE	PC	GENERAL OPERATING	341,312
Total ................................. 3a				640,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	323,095
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	589,538
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) ..				912,633

13Total. Add line 12, columns (b), (d), and (e)..................

912,633

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
06051GEU9 BANK OF AMERICA CORP
084670BS6 BERKSHIRE HATHAWAY	25,884	24,342
14912L6G1 CATERPILLAR FINANCIA	52,814	49,301
172967KG5 CITIGROUP INC	25,304	24,444
30219GAM0 EXPRESS SCRIPTS HOLD	26,756	24,822
037833DK3 APPLE INC	24,808	23,981
26441CAL9 DUKE ENERGY CORP 3.9
58013MFB5 MCDONALD'S CORP	25,638	24,342
912828ZQ6 US TREASURY NOTE	114,529	106,361
78015K7H1 ROYAL BANK OF CANADA	56,086	52,352
9128286B1 US TREASURY NOTE	80,992	75,382
912828U24 US TREASURY NOTE 2.0	101,785	99,418
370334CE2 GENERAL MILLS INC
68389XAU9 ORACLE CORP 3.400% 7	29,996	29,704
126650CV0 CVS HEALTH CORP
912828J27 US TREASURY NOTE 2.0
912828V98 US TREASURY NOTE	95,295	95,035
86562MBF6 SUMITOMO MITSUI FINL
3135G04Z3 FED NATL MTG ASSN	70,079	66,326
49326EEH2 KEYCORP	27,370	24,478
00287YAQ2 ABBVIE INC	16,740	14,753
337738AS7 FISERV INC	31,257	29,644
20030NBW0 COMCAST CORP
912828G38 US TREASURY NOTE 2.2
3135G06G3 FED NATL MTG ASSN	24,969	23,380
91324PCP5 UNITEDHEALTH GROUP	34,279	29,603
912828YB0 US TREASURY NOTE	237,737	213,713
126650DN7 CVS HEALTH CORP	9,981	8,281
14040HCA1 CAPITAL ONE FINANCIA
86562MAF7 SUMITOMO MITSUI FINL	10,871	9,491
17275RBL5 CISCO SYSTEMS INC	51,340	47,754
46625HKC3 JPMORGAN CHASE & CO	32,909	29,427
912828R36 US TREASURY NOTE 1.6	56,963	56,744
05531FBF9 BB&T CORPORATION
00206RKG6 AT&T INC	15,141	13,374
91282CDM0 US TREASURY NOTE 0.5
031162CW8 AMGEN INC	24,994	21,343
046353AL2 ASTRAZENECA PLC	16,720	14,690
37045XDL7 GENERAL MOTORS FINL	24,856	20,894
254709AM0 DISCOVER FINANCIAL	28,141	24,037
91282CCK5 US TREASURY NOTE
756109AX2 REALTY INCOME CORP	26,383	22,533
91282CDR9 US TREASURY NOTE 0.7
91282CCS8 US TREASURY NOTE	19,502	16,553
98389BAY6 XCEL ENERGY INC	26,771	23,067
92343VFR0 VERIZON COMMUNICATIO	24,645	20,430
0641594A1 BANK OF NOVA SCO	50,346	46,192
035240AV2 ANHEUSER-BUSCH INBEV	27,404	23,623
693475AZ8 PNC FINANCIAL SERVIC	56,752	48,205
38141GXH2 GOLDMAN SACHS GROUP	49,782	42,352
37940XAE2 GLOBAL PAYMENTS INC	24,693	23,096
713448FE3 PEPSICO INC	24,844	20,989
91282CCG4 US TREASURY NOTE
822582BT8 SHELL INTERNATIONAL	52,995	48,245
91282CCN9 US TREASURY NOTE
025816CM9 AMERICAN EXPRESS CO	29,415	27,670
91282CDV0 US TREASURY NOTE 0.8
91282CEP2 US TREASURY NOTE	82,312	78,611
91282CFF3 US TREASURY NOTE	31,819	31,975
91282CFV8 US TREASURY NOTE 4.1	82,959	81,050
06406HCX5 BANK OF NEW YORK MEL	54,685	54,367
61166WAU5 MONSANTO CO 3.375% 7
61945CAC7 MOSAIC CO 4.250% 11/
06051GKP3 VR BANK OF AMERICA	48,396	49,022
20030NEE7 COMCAST CORP	48,048	50,144
26441CAS4 DUKE ENERGY CORP	27,785	28,525
459200KA8 IBM CORP	46,322	47,591
46124HAG1 INTUIT INC	38,808	41,491
548661DY0 LOWE'S COS INC	19,856	20,731
863667BA8 STRYKER CORP	23,120	23,744
912810FF0 US TREASURY BOND 5.2	95,987	95,273
912828B66 US TREASURY NOTE 2.7	24,782	24,975
912828WJ5 US TREASURY NOTE 2.5	24,760	24,800
91282CGM7 US TREASURY NOTE	33,631	33,809
91282CHC8 US TREASURY NOTE	38,627	38,231
91282CHT1 US TREASURY NOTE	51,446	54,673

Name of Stock	End of Year Book Value	End of Year Fair Market Value
464287234 ISHARES MSCI EMERGIN
256206103 DODGE & COX INTL STO
464287648 ISHARES RUSSELL 2000
093001774 WILLIAM BLAIR INTL G
02079K107 ALPHABET INC CL C	70,990	203,483
037833100 APPLE INC	65,110	284,714
09247X101 BLACKROCK INC	29,239	51,879
097023105 BOEING CO	55,526	59,513
126650100 CVS HEALTH CORPORATI
150870103 CELANESE CORP	49,692	69,049
17275R102 CISCO SYSTEMS INC	34,560	50,933
172967424 CITIGROUP INC.	71,406	65,607
192446102 COGNIZANT TECH SOLUT	36,493	39,177
25243Q205 DIAGEO PLC - ADR	35,448	37,959
254687106 WALT DISNEY CO
405217100 HAIN CELESTIAL GROUP
437076102 HOME DEPOT INC	50,303	56,121
46625H100 JPMORGAN CHASE & CO	56,739	100,780
517834107 LAS VEGAS SANDS CORP
532457108 ELI LILLY & CO COM	13,058	101,361
56501R106 MANULIFE FINANCIAL C	48,373	67,502
58933Y105 MERCK & CO INC NEW	45,774	82,010
594918104 MICROSOFT CORP	74,915	323,233
654106103 NIKE INC CL B	16,754	30,967
867224107 SUNCOR ENERGY INC NE	68,885	76,143
87612E106 TARGET CORP	12,334	29,346
883556102 THERMO FISHER SCIENT	13,990	39,885
89151E109 TOTALENERGIES SE -SP	77,301	88,319
907818108 UNION PACIFIC CORP	27,406	48,786
911312106 UNITED PARCEL SERVIC	30,435	41,577
91324P102 UNITEDHEALTH GROUP I	43,028	96,207
98978V103 ZOETIS INC
G29183103 EATON CORP PLC	41,841	88,835
H84989104 TE CONNECTIVITY LTD	31,873	46,354
Y2573F102 FLEX LTD
00287Y109 ABBVIE INC	38,573	58,362
11135F101 BROADCOM INC	33,121	138,060
891160509 TORONTO DOMINION BK	53,743	56,661
G5960L103 MEDTRONIC PLC
75513E101 RTX CORP	49,043	59,501
H2906T109 GARMIN LTD	37,009	48,513
031162100 AMGEN INC
94106L109 WASTE MANAGEMENT INC	36,265	54,018
460690100 INTERPUBLIC GROUP CO
09260D107 BLACKSTONE INC	37,932	76,039
00206R102 AT & T INC
31620M106 FIDELITY NATL INFORM
285512109 ELECTRONIC ARTS INC	29,705	48,978
871829107 SYSCO CORP
92826C839 VISA INC-CLASS A SHR	46,825	73,507
09857L108 BOOKING HOLDINGS INC	39,964	80,672
512807108 LAM RESEARCH CORP CO	18,123	80,041
609207105 MONDELEZ INTERNATION	28,011	49,151
904767704 UNILEVER PLC - ADR	29,450	25,514
3140H1W22 FNMA POOL #BJ0664
922908553 VANGUARD REAL ESTATE
3136AVMS5 FED NATL MTG ASSN
3138XFYH2 FNMA POOL #AV4311
30303M102 META PLATFORMS INC	60,668	120,163
922031760 VANGUARD HIGH YIELD
316390152 FIDELITY ADV INTL RL
3140J5LJ6 FNMA POOL #BM1228
36230UGA1 GNMA POOL #759193 3.
90276RBD9 UBS COMMERCIAL MORTG
418056107 HASBRO INC
464287499 ISHARES RUSSELL MID-
3132A5A88 FHLMC POOL #ZS4531
3132A9RT6 FHLMC POOL #ZS8598
693391559 PIMCO EMERG MKTS BD-
464287465 ISHARES MSCI EAFE ET
464287200 ISHARES CORE S & P 5
464287481 ISHARES RUSSELL MID-
464287473 ISHARES RUSSELL MID-
464287630 ISHARES RUSSELL 2000
9ZZ99V653 CALL WRITE HOT @ 65.
7591EP100 REGIONS FINL CORP NE	43,525	40,962
00724F101 ADOBE INC	38,959	50,040
007903107 ADVANCED MICRO DEVIC	37,171	66,908
580135101 MCDONALDS CORP	56,727	57,373
855244109 STARBUCKS CORP COM	49,218	45,864

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287648 ISHARES RUSSELL 2000	AT COST	279,705	474,567
464287473 ISHARES RUSSELL MID-	AT COST	278,398	792,111
36230UGA1 GNMA POOL #759193 3.	AT COST	913	851
464287465 ISHARES MSCI EAFE ET	AT COST	354,728	521,395
464287481 ISHARES RUSSELL MID-	AT COST	242,201	1,048,778
3138XFYH2 FNMA POOL #AV4311	AT COST	2,467	2,274
464287630 ISHARES RUSSELL 2000	AT COST	306,513	456,716
693391559 PIMCO EMERG MKTS BD-	AT COST	581,419	522,971
464287200 ISHARES CORE S & P 5	AT COST	357,821	1,534,202
464287234 ISHARES MSCI EMERGIN	AT COST	647,698	609,441
256206103 DODGE & COX INTL STO	AT COST	47,613	130,458
3132A5A88 FHLMC POOL #ZS4531	AT COST	3,453	3,165
316390152 FIDELITY ADV INTL RL	AT COST	144,197	129,651
3132A9RT6 FHLMC POOL #ZS8598	AT COST	7,707	7,150
922908553 VANGUARD REAL ESTATE	AT COST	388,341	392,521
464287499 ISHARES RUSSELL MID-	AT COST	150,227	240,082
3140J5LJ6 FNMA POOL #BM1228	AT COST	28,422	25,728
922031760 VANGUARD HIGH YIELD	AT COST	593,830	546,121
3140H1W22 FNMA POOL #BJ0664	AT COST	22,987	20,680
24899I8H0 CALL WRITE EEM @ 46.
23399BOA9 CALL WRITE IVV @ 412
23399BTW6 CALL WRITE IVV @ 420
1MI997W79 CALL WRITE EFA @ 75.
1Z699I4R6 CALL WRITE IWO @ 245
25L99T4D1 CALL WRITE EFA @ 75.
0LX99IB82 CALL WRITE EEM @ 44.
4IU99FQ05 CALL WRITE IWN @ 151
4IU99FQ13 CALL WRITE IWN @ 153
94I99AO57 CALL WRITE IWR @ 72.
94I99AUG6 CALL WRITE IWR @ 74.
018996AR9 CALL WRITE IWS @ 113
018996B80 CALL WRITE IWS @ 115
85I99EUJ0 CALL WRITE IWO @ 235
14041NGB1 CAPITAL ONE MULTI-AS	AT COST	50,086	50,157
3136AVMS5 FED NATL MTG ASSN	AT COST	12,297	11,135
90276RBD9 UBS COMMERCIAL MORTG	AT COST	73,831	64,572

Description	Amount
CY PURCHASE OF ACCRUED INTEREST	1,016
MUTUAL FUND TIMING ADJ	760
PRIOR YEAR CALL OPTIONS ADJUSTMENT	31,023
CALL OPTIONS ADJUSTMENT	21,009
ROUNDING	1

Category	Amount	Net Investment Income
FOREIGN TAXES	6,866	6,866
FEDERAL ESTIMATES - PRINCIPAL	296	0
FOREIGN TAXES ON NONQUALIFIED	1,433	1,433