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 01-01-2023 , and ending 12-31-2023

Name of foundation
SAMFORD-CANNON FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1104 LIVE OAK CIRCLE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
OPELIKA, AL368012726

A Employer identification number

20-0246688

B Telephone number (see instructions)

(334) 749-8481

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

$11,191,973J 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	(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...	245,583		245,087
5a	Gross rents............	950		950
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,389,015
b	Gross sales price for all assets on line 6a 4,530,802
7	Capital gain net income (from Part IV, line 2)...			2,389,015
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	2,635,548		2,635,052
13	Compensation of officers, directors, trustees, etc.	94,086		18,817	75,269
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	49,875	26,280	23,595
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	48,646	48,646	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	7,337	3,337	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	1,174	1,174
20	Occupancy..............	16,894		950	15,944
21	Travel, conferences, and meetings.......	1,038		779	260
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	17,734	1,685	16,049
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	236,784		101,668	131,117
25	Contributions, gifts, grants paid.......	437,928			437,928
26	Total expenses and disbursements. Add lines 24 and 25	674,712		101,668	569,045
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,960,836
b	Net investment income (if negative, enter -0-)			2,533,384
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	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.............	226,003	217,436	217,436
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	678,934	List of Attached Documents: // Content 1,151,355	1,177,477
	b	Investments—corporate stock (attach schedule).......	4,282,614	List of Attached Documents: // Content 4,104,388	5,813,517
	c	Investments—corporate bonds (attach schedule).......	75,830	List of Attached Documents: // Content 1,708,477	1,748,240
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	0	List of Attached Documents: // Content 63,356	68,112
	14	Land, buildings, and equipment: basis 2,171,149
		Less: accumulated depreciation (attach schedule) 9,315	2,009,134	List of Attached Documents: // Content 2,161,834	2,161,834
	15	Other assets (describe )	List of Attached Documents: // Content 8,921	List of Attached Documents: // Content 5,357	List of Attached Documents: // Content 5,357
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,281,436	9,412,203	11,191,973
	17	Accounts payable and accrued expenses..........	5,653	207
	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 14,977	List of Attached Documents: // Content 100
	23	Total liabilities (add lines 17 through 22).........	20,630	307
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	7,260,806	9,411,896
	29	Total net assets or fund balances (see instructions).....	7,260,806	9,411,896
	30	Total liabilities and net assets/fund balances (see instructions).	7,281,436	9,412,203

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

7,260,806

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

1,960,836

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

List of Attached Documents:

// Content

190,254

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

9,411,896

Decreases not included in line 2 (itemize) right arrow

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

9,411,896

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	FIDELITY	P	2023-01-01	2023-12-31
b	FIDELITY	P	2023-01-01	2023-12-31
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	10,689	10,454	235
b	4,520,073	2,131,333	2,388,740
c	40		40
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			235
b			2,388,740
c			40
d
e

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	2,389,015
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	35,214
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	35,214
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	35,214
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	3,553
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	31,400
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	34,953
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	261
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 tax	Refunded	11

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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

N/A

The books are in care of right arrow

LUCINDA CANNON Telephone no. right arrow

(334) 749-8481

Located at right arrow

1104 LIVE OAK CIRCLEOPELIKAAL ZIP+4 right arrow

368012726

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)

Yes

(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-)
LUCINDA SAMFORD CANNON	PRESIDENT AND DIRECTOR 20.00	72,500
1104 LIVE OAK CIRCLE OPELIKA,AL36801	PRESIDENT AND DIRECTOR 20.00	72,500
PRESTON B BARNETT	TREASURER AND DIRECTOR 1.00	1,500
5570 ERROL PLACE NW ATLANTA,GA30327	TREASURER AND DIRECTOR 1.00	1,500
E RASHA CANNON	SECRETARY AND DIRECTOR 1.00	20,086
1435 TURN LAKE DRIVE AUBURN,AL36830	SECRETARY AND DIRECTOR 1.00	20,086

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	OPERATING EXPENSES RELATED TO PROGRAM RELATED INVESTMENT LIVE OAK CIRCLE	26,121
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	CONTINUED RENOVATION OF 1944 LIVE OAK CIRCLE, OPELIKA, AL 36801 AND SURROUNDING PROPERTY. THE BUILDING AND GROUNDS WILL BE RENTED TO PUBLIC CHARITIES FOR BELOW MARKET RATES.	153,876
2


All other program-related investments. See instructions.
3

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

153,876

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

8,377,882

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

335,501

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

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

8,713,383

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

8,713,383

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

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

130,701

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

8,582,682

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

429,134

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

429,134

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

35,214

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

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

35,214

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

393,920

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

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

393,920

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

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

393,920

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 ..........

569,045

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

153,876

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. .......

722,921

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					393,920
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......	1,639,465
f Total of lines 3a through e ........		1,639,465
4Qualifying distributions for 2023 from Part
XI, line 4: $ 722,921
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.....					393,920
e Remaining amount distributed out of corpus		329,001
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		1,968,466
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 ......		1,968,466
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....	1,639,465
e Excess from 2023....	329,001

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
AUBURN UNIVERSITY FOUNDATION 317 SOUTH COLLEGE STREET AUBURN,AL36849	NONE	PC	SCHOLARSHIPS & AWARDS	24,000
AUBURN UNIVERSITY FOUNDATION 317 SOUTH COLLEGE STREET AUBURN,AL36849	NONE	PC	CAPITAL CAMPAIGN FOR RANE CULINARY CENTER	25,736
BLUE LAKE UNITED METHODIST ASSOCATION 8500 OAKWOOD DRIVE ANDALUSIA,AL36420	NONE	PC	GENERAL FUNDING OF CAMP BLUE LAKE	25,000
CENTER FOR LIFE ENRICHMENT PO BOX 2046 HIGHLANDS,NC28741	NONE	PC	PROVIDE EDUCATIONAL & ENTERTAINING PROGRAMS IN HIGHLANDS, NC	1,000
EAST ALABAMA MEDICAL CENTER FOUNDATION 2000 PEPPERELL PARKWAY OPELIKA,AL36801	NONE	PC	CAPITAL CAMPAIGN PSYCHIATRIC HOSPITAL	14,779
EAST ALABAMA ARTS ASSOCIATION 1103 GLENN STREET OPELIKA,AL36801	NONE	PC	GENERAL FUNDING	20,000
EXCEPTIONAL FOUNDATION OF EAST ALABAMA 300 NORTH DEAN ROAD SUITE 5-177 AUBURN,AL36830	NONE	PC	AID INDIVIDUALS W/ INTELLECTUAL & DEVELOPMENT DISABILITIES	2,500
FIRST METHODIST CHURCH 702 AVENUE A OPELIKA,AL36801	NONE	PC	SANCTUARY RENOVATIONS	150,022
FIRST UNITED METHODIST CHURCH OF MONROEVILLE 324 PINEVILLE ROAD MONROEVILLE,AL36460	NONE	PC	GENERAL FUNDING	5,050
FOOD BANK OF EAST ALABAMA 355 INDUSTRY DRIVE AUBURN,AL36830	NONE	PC	FOOD ACQUISITION FOR COMMUNITY MARKET	5,000
GENEAOLOGICAL SOCIETY OF EAST ALABAMA PO BOX 2892 OPELIKA,AL36803	NONE	PC	GENERAL FUNDING	100
HIGHLANDS-CASHIERS HEALTH FOUNDATION PO BOX 742 HIGHLANDS,NC28741	NONE	PC	SUPPORT HIGHLANDS-CASHIERS, NC HOSPITAL	1,000
HUDSON FAMILY FOUNDATION 300 NORTH DEAN ROAD SUITE 5 163 AUBURN,AL36830	NONE	PC	PROVIDE FINANCIAL SUPPORT FOR CHILDREN/FAMILIES LIVING W/ TERMINAL ILLNESS	12,000
KEEP OPELIKA BEAUTIFUL PO BOX 2464 OPELIKA,AL36803	NONE	PC	GENERAL FUNDING TO SUPPORT PROGRAMS IN OPELIKA COMMUNITY	100
MIRACLE LEAGUE OF EAST ALABAMA PO BOX 3110 AUBURN,AL36830	NONE	PC	GENERAL FUNDING FOR MENTALLY/PHYSICALLY HANDICAPPED SPORTS	2,000
MUSEUM OF EAST ALABAMA PO BOX 3085 OPELIKA,AL36801	NONE	PC	GENERAL FUNDING	50
OPELIKA CHAMBER FOUNDATION PO BOX 2366 OPELIKA,AL36801	NONE	PC	OPELIKA FORWARD CAPITAL CAMPAIGN	50,519
OPELIKA HISTORIC PRESERVATION SOCIETY PO BOX 4092 OPELIKA,AL36801	NONE	PC	SUPPORT OPELIKA HISTORIC DISTRICT	150
OPELIKA SPORTSPLEX & AQUATICS CENTER 801 S RAILROAD AVENUE SUITE 202A MONTGOMERY,AL36106	NONE	PC	HELP UNDERWRITE CONSTRUCTION COST FOR RECREATIONAL COMPLEX IN OPELIKA,AL	50,000
PEGGY CROSBY CENTER 348 SOUTH 5TH STREET HIGHLANDS,NC28741	NONE	PC	HELP PROVIDE SPACE FOR NONPROFIT ORGANIZATIONS IN HIGHLANDS, NC	1,500
SOUTHERN UNION FOUNDATION PO BOX 1000 WADLEY,AL36276	NONE	PC	SCHOLARSHIPS FOR STUDENTS	10,087
STEGALL SEMINARY SCHOLARHSIP ENDOWMENT FOUNDATION PO BOX 241661 MONTGOMERY,AL36124	NONE	PC	SCHOLARSHIPS FOR STUDENTS	100
STORYBOOK FARM 300 CUSSETA ROAD OPELIKA,AL36801	NONE	PC	SUPPORT EQUINE ASSISTED ACTIVITIES FOR CHILDREN W/ PHYSICAL,EMOTIONAL CHALLENGES	4,000
US SPACE & ROCKET CENTER EDUCATION FOUNDATION 1 TRANQUILITY BASE HUNTSVILLE,AL35805	NONE	PC	EDUCATION & IMMERSIVE ENGAGEMENT	25,735
VILLAGE FRIENDS PO BOX 314 AUBURN,AL36830	NONE	PC	SUPPORT SENIOR CITIZEN INDEPENDENCE IN OPELIKA/AUBURN AREA	2,500
WASHINGTON AND LEE UNIVERSITY 204 W WASHINGTON STREET DEVELOPMENT BLDG LEXINGTON,VA24450	NONE	PC	GENERAL FUNDING	5,000
Total ................................. 3a				437,928

bApproved for future payment
AUBURN UNIVERSITY FOUNDATION 317 SOUTH COLLEGE STREET AUBURN,AL36849	NONE	PC	CAPITAL CAMPAIGN FOR RANE CULINARY CENTER	48,479
FIRST METHODIST CHURCH 702 AVENUE A OPELIKA,AL36801	NONE	PC	SANCTUARY RENOVATIONS	300,190
OPELIKA CHAMBER FOUNDATION PO BOX 2366 OPELIKA,AL36801	NONE	PC	OPELIKA FORWARD CAPITAL CAMPAIGN	147,986
OPELIKA SPORTSPLEX & AQUATICS CENTER 801 S RAILROAD AVENUE SUITE 202A MONTGOMERY,AL36106	NONE	PC	HELP UNDERWRITE CONSTRUCTION COST FOR RECREATIONAL COMPLEX IN OPELIKA,AL	100,000
SOUTHERN UNION FOUNDATION PO BOX 1000 WADLEY,AL36276	NONE	PC	SCHOLARSHIPS FOR STUDENTS	29,308
US SPACE & ROCKET CENTER EDUCATION FOUNDATION 1 TRANQUILITY BASE HUNTSVILLE,AL35805	NONE	PC	EDUCATION & IMMERSIVE ENGAGEMENT	24,265
Total ................................. 3b				650,228

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	245,087	496
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	2,389,015
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		2,634,102	496

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

2,634,598

(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.)
4	TAX EXEMPT NONDIVIDEND DISTRIBUTION (ROC)

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

- TIN:

TY 2023 AccountingFeesSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	49,875	26,280		23,595

- TIN:

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

TY 2023 DepreciationSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

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
IPAD	2017-07-22	1,000	1,000	SL	5.000000000000	0	0
IPAD	2017-07-22	3,636	3,636	SL	5.000000000000	0	0
DELL XPS 15' LAPTOP	2019-03-11	1,666	1,277	SL	5.000000000000	333	333
FUJITSU FI-7030 COLOR SCANNER	2019-03-14	713	548	SL	5.000000000000	143	143
HP PRINTER	2019-04-15	113	86	SL	5.000000000000	23	23
IPAD KEYBOARD	2020-04-20	326	173	SL	5.000000000000	65	65
IPAD PRO	2020-04-21	1,361	725	SL	5.000000000000	272	272
IPAD PRO	2020-04-21	1,130	603	SL	5.000000000000	226	226
FIJITSU SCANSNAP IX 1500 SCANNER	2022-03-14	559	93	SL	5.000000000000	112	112
BUILDING - 1944 LIVE OAK CIRCLE	2022-08-31	746,820		L	27.500000000000	0	0
LAND - 1944 LIVE OAK CIRCLE	2022-08-31	563,391		L		0	0
LAND - 3925 PEPPERELL PARKWAY	2022-09-30	256,849		L		0	0
LAND - 3925 PEPPERELL PARKWAY PARCELS 3&4	2022-11-09	113,648		L		0	0
LAND - 3925 PEPPERELL PARKWAY PARCEL 5	2022-11-09	75,700		L		0	0
DEMOLITION LABOR	2022-09-01	740		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-09-15	6,650		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-09-29	4,380		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-10-03	1,480		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-10-13	5,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-10-13	6,040		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-10-27	6,420		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-10-27	6,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-11-10	7,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-11-10	7,080		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-11-22	6,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-11-22	5,476		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-12-08	6,680		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-12-08	6,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-12-22	5,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2022-12-22	6,520		NC	27.500000000000	0	0
SMOKEHOUSE/SCOUT HUT	2022-12-12	474		NC	27.500000000000	0	0
ROOF REPAIRS	2022-11-22	13,585		NC	27.500000000000	0	0
121 DISPOSAL CO	2022-09-22	1,379		NC	27.500000000000	0	0
121 DISPOSAL CO	2022-10-24	2,774		NC	27.500000000000	0	0
121 DISPOSAL CO	2022-11-21	3,085		NC	27.500000000000	0	0
121 DISPOSAL CO	2022-12-31	1,278		NC	27.500000000000	0	0
SURVEYING & DESIGN	2022-09-08	960		NC	27.500000000000	0	0
RENOVATION SUPPLIES	2022-09-06	689		NC	7.000000000000	0	0
WILHITE TRAILER SALES	2022-09-14	11,699		NC	7.000000000000	0	0
STORAGE RACKS FOR MAIN BUILDING	2022-10-03	4,992		NC	7.000000000000	0	0
HOME DEPOT	2022-10-05	2,576		NC	7.000000000000	0	0
STEPLADDER & TOOLS	2022-10-05	687		NC	7.000000000000	0	0
AMAZON TOOLS	2022-10-07	135		NC	7.000000000000	0	0
PRICE SMALL ENGINES	2022-10-13	1,742		NC	7.000000000000	0	0
72" FOLDING TABLE	2022-10-28	415		NC	7.000000000000	0	0
HOME DEPOT	2022-11-03	4,055		NC	7.000000000000	0	0
HOME DEPOT	2022-11-03	1,038		NC	7.000000000000	0	0
RBS AUBURN TOOLS	2022-11-03	533		NC	7.000000000000	0	0
PRICE SMALL ENGINES	2022-11-15	1,432		NC	7.000000000000	0	0
BATTERY CABLE LUG CRIMPING TOOL	2022-11-16	69		NC	7.000000000000	0	0
ALABAMA STEEL SUPPLY	2022-12-01	2,163		NC	7.000000000000	0	0
8" SCAFFOLD CASTER (8)	2022-12-05	549		NC	7.000000000000	0	0
HOME DEPOT	2022-12-08	8,162		NC	7.000000000000	0	0
BLOWER	2022-12-12	687		NC	7.000000000000	0	0
HOME DEPOT	2022-12-19	1,882		NC	7.000000000000	0	0
BUILDERS FIRSTSOURCE - TOOLS	2022-12-20	63		NC	7.000000000000	0	0
AMAZON SECURITY & INTERNET	2022-09-10	2,108		NC	5.000000000000	0	0
EBAY INTERNET	2022-09-06	464		NC	5.000000000000	0	0
UBIQUITI SECURITY & INTERNET	2022-09-28	11,872		NC	5.000000000000	0	0
AMAZON SECURITY & INTERNET	2022-10-14	5,971		NC	5.000000000000	0	0
UBIQUITI SECURITY & INTERNET	2022-12-29	3,051		NC	5.000000000000	0	0
MAY REFRIGERATION CO - HVAC EQUIPMENT	2022-10-10	36,700		NC	27.500000000000	0	0
MAY REFRIGERATION CO - HVAC EQUIPMENT	2022-11-21	16,880		NC	27.500000000000	0	0
SMOKEHOUSE KITCHEN EQUIPMENT	2022-12-01	7,633		NC	5.000000000000	0	0
SMOKEHOUSE REFRIGERATOR SHELVING	2022-10-05	2,430		NC	5.000000000000	0	0
SMOKEHOUSE TANKLESS WATER HEATER INSTALLATION	2022-11-17	9,685		NC	5.000000000000	0	0
DEMOLITION LABOR	2023-01-05	5,044		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-02-02	6,376		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-02-02	5,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-02-16	5,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-02-16	5,854		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-03-02	2,304		NC	27.500000000000	0	0
RBS AUBURN - TOOLS & SUPPLIES	2023-01-02	75		NC	7.000000000000	0	0
RBS AUBURN - INSULATION	2023-01-02	1,193		NC	7.000000000000	0	0
RBS AUBURN - DRYWALL	2023-01-02	709		NC	7.000000000000	0	0
HOME DEPOT -	2023-01-02	13,899		NC	7.000000000000	0	0
ULINE - WIRE DECKING	2023-01-03	1,354		NC	7.000000000000	0	0
PRICE SMALL ENGINES - INV #14446 & #144679	2023-01-12	159		NC	7.000000000000	0	0
CANNON CARPET ONE - CARPET - SMOKEHOUSE	2023-01-31	4,280		NC	7.000000000000	0	0
RBS AUBURN - TOOLS	2023-02-01	587		NC	7.000000000000	0	0
SHERWIN-WILLIAMS - SCOUT HUT	2023-02-06	609		NC	7.000000000000	0	0
PRICE SMALL ENGINES - INV 144996	2023-02-22	61		NC	7.000000000000	0	0
MAY REFRIGERATION CO., INC - DRAW #3 FOR HVAC EQUIPMENT	2023-01-05	26,667		NC	27.500000000000	0	0
MAY REFRIGERATION CO., INC - SCOUT HUT	2023-01-19	12,380		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-01-05	5,000		NC	27.500000000000	0	0
DEMOLITION LABOR	2023-01-19	7,920		NC	27.500000000000	0	0
ARCHITECT	2023-10-25	49,403		NC	27.500000000000	0	0

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALPS SMITH TOTAL RETURN BOND CL I	812,162	842,577
DOUBLELINE TOTAL RETURN BOND FD CL I	264,294	272,062
ISHARES TR 0-3 MNTH TREASRY	500,041	499,345
VIRTUS SEIX FLOATING RATE HIGH INCOME I	131,980	134,256

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	21,185	23,067
ABBOTT LABORATORIES	45,529	49,752
ABBVIE INC COM USD0.01	7,098	7,129
ADOBE INC COM	19,188	20,881
AFLAC INC COM USD0.10	28,223	29,948
AIR PRODUCTS AND CHEMICALS INC	36,622	33,404
ALBEMARLE CORP COM USD0.01	21,220	17,049
ALPHABET INC CAP STK CL C	37,222	145,158
AMAZON.COM INC	57,791	124,439
AMCOR PLC ORD USD0.01 ISIN #JE00BJ1F3079 SEDOL #BJ1F307	7,123	7,355
APPLE INC	88,307	649,211
ARCHER-DANIELS-MIDLA ND CO	14,034	12,711
ATMOS ENERGY CORP COM NPV	21,244	21,442
AUTOMATIC DATA PROCESSING INC COM USD0.10	28,108	26,559
BANK AMERICA CORP COM	33,770	39,360
BAXTER INTERNATIONAL INC COM USD1.00	3,177	3,170
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B	37,844	82,745
BIOGEN INC COM USD0.0005	4,954	4,917
BLACKROCK INC COM USD0.01	6,348	16,236
BOOKING HOLDINGS INC COM	9,355	10,642
BRISTOL-MYERS SQUIBB CO COM	18,700	16,214
BROADCOM INC COM	28,776	37,953
BROWN & BROWN INC	21,157	20,337
BROWN-FORMAN CORP COM USD0.15 CLASS B	14,109	12,733
CAPITAL ONE FINANCIAL CORP COM USD0.01	4,608	5,900
CARDINAL HEALTH INC COM NPV	21,193	23,990
CATERPILLAR INC COM	28,087	29,271
CHEVRON CORP NEW COM	26,589	37,290
CHUBB LIMITED COM NPV ISIN #CH0044328745	13,963	14,690
CHURCH &DWIGHT CO INC COM	14,018	13,900
CINCINNATI FINANCIAL CORP COM USD2.00	7,150	6,725
CINTAS CORP	21,385	24,709
CLIFFWATER CORPORATE LENDING FUND I	485,702	475,903
CLOROX CO COM USD1.00	7,212	7,415
COCA-COLA CO	61,448	61,935
COLGATE-PALMOLIVE CO COM USD1.00	21,200	22,956
CONOCOPHILLIPS COM	17,916	16,946
CONSOLIDATED EDISON INC COM USD0.10	14,120	14,009
COSTCO WHOLESALE CORP COM USD0.01	7,442	30,364
DOVER CORP COM USD1.00	20,967	22,149
DUPONT DE NEMOURS INC COM	4,499	4,616
ECOLAB INC	7,123	7,934
ELI LILLY &CO COM	41,051	41,970
EMERSON ELECTRIC CO	28,088	27,544
EOG RESOURCES INC	9,152	8,708
ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A	11,603	11,115
EXPEDITORS INTERNATIONAL OF WASHINGTON INC	13,943	15,137
EXXON MOBIL CORP	27,225	29,794
FEDEX CORP COM USD0.10	5,816	5,818
FRANKLIN RESOURCES INC COM	14,013	15,789
GENERAL DYNAMICS CORP COM USD1.00	21,303	24,669
GENUINE PARTS CO COM USD1.00	14,076	13,019
GOLDMAN SACHS GROUP INC COM USD0.01	15,407	17,360
GRAINGER W W INC COM USD0.50	21,530	25,689
HORMEL FOODS CORP	14,047	11,656
ILLINOIS TOOL WORKS INC COM USD0.01	28,070	30,647
ISHARES CORE S&P SMALL-CAP E	153,694	380,282
ISHARES MSCI EAFE ETF	659,038	837,515
ISHARES RUSSELL 2000 ETF	293,827	355,257
JOHNSON &JOHNSON COM USD1.00	69,521	74,765
JPMORGAN CHASE & CO	18,332	56,643
KIMBERLY-CLARK CORP COM	14,120	13,731
LINDE PLC COM EUR0.001	7,302	7,803
LOWES COMPANIES INC COM USD0.50	8,763	26,038
MCCORMICK &COMPANY INC COM NPV	14,067	12,179
MCDONALD S CORP	13,077	22,535
MEDTRONIC PLC	14,053	14,005
MICROSOFT CORP	191,104	426,053
NEXTERA ENERGY INC COM USD0.01	21,247	18,951
NUCOR CORP COM USD0.40	14,091	15,490
PENTAIR PLC SHS	14,056	15,196
PEPSICO INC	11,534	20,041
PPG INDUSTRIES INC COM USD1.666	21,145	23,778
PRICE T ROWE GROUPS COM USD0.20	7,101	6,892
PROCTER AND GAMBLE CO COM	11,175	20,223
REGENERON PHARMACEUTICALS INC	9,200	9,661
ROPER TECHNOLOGIES INC	21,237	22,897
S&P GLOBAL INC COM	14,067	15,859
SHERWIN-WILLIAMS CO	13,941	16,531
SMITH A O CORP COM	28,080	34,377
STANLEY BLACK & DECKER INC	13,977	15,500
SYSCO CORP	14,046	14,480
TARGET CORP	13,987	16,521
UNITED PARCEL SERVICE INC CL B	18,907	18,710
VANGUARD DEVELOPED MARKETS INDEX FUND ETF	195,858	225,130
VANGUARD INTL EQUITY INDEX FDS FTSE EMR MKT ETF	369,538	390,450
VISA INC	57,829	61,703
WALMART INC COM	7,209	6,937
WEST PHARMACEUTICAL SERVICES INC	28,233	25,353
RIVER FINANCIAL CORP	80,002	80,002

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

US Government Securities - End of Year Book Value:

1,151,355

US Government Securities - End of Year Fair Market Value:

1,177,477

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ESSEX PROPERTY TRUST INC COM USD0.0001	AT COST	28,216	30,993
FEDERAL RLTY INVT TR NEW SH BEN INT NEW	AT COST	21,162	22,362
REALTY INCOME CORP COM	AT COST	13,978	14,757

- TIN:

TY 2023 LandEtcSchedule2

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
IPAD	1,000	1,000	0	0
IPAD	3,636	3,636	0	0
DELL XPS 15' LAPTOP	1,666	1,610	56	56
FUJITSU FI-7030 COLOR SCANNER	713	691	22	22
HP PRINTER	113	109	4	4
IPAD KEYBOARD	326	238	88	88
IPAD PRO	1,361	997	364	364
IPAD PRO	1,130	829	301	301
FIJITSU SCANSNAP IX 1500 SCANNER	559	205	354	354
BUILDING - 1944 LIVE OAK CIRCLE	746,820	0	746,820	746,820
LAND - 1944 LIVE OAK CIRCLE	563,391	0	563,391	563,391
LAND - 3925 PEPPERELL PARKWAY	256,849	0	256,849	256,849
LAND - 3925 PEPPERELL PARKWAY PARCELS 3&4	113,648	0	113,648	113,648
LAND - 3925 PEPPERELL PARKWAY PARCEL 5	75,700	0	75,700	75,700
DEMOLITION LABOR	740	0	740	740
DEMOLITION LABOR	6,650	0	6,650	6,650
DEMOLITION LABOR	4,380	0	4,380	4,380
DEMOLITION LABOR	1,480	0	1,480	1,480
DEMOLITION LABOR	5,000	0	5,000	5,000
DEMOLITION LABOR	6,040	0	6,040	6,040
DEMOLITION LABOR	6,420	0	6,420	6,420
DEMOLITION LABOR	6,000	0	6,000	6,000
DEMOLITION LABOR	7,000	0	7,000	7,000
DEMOLITION LABOR	7,080	0	7,080	7,080
DEMOLITION LABOR	6,000	0	6,000	6,000
DEMOLITION LABOR	5,476	0	5,476	5,476
DEMOLITION LABOR	6,680	0	6,680	6,680
DEMOLITION LABOR	6,000	0	6,000	6,000
DEMOLITION LABOR	5,000	0	5,000	5,000
DEMOLITION LABOR	6,520	0	6,520	6,520
SMOKEHOUSE/SCOUT HUT	474	0	474	474
ROOF REPAIRS	13,585	0	13,585	13,585
121 DISPOSAL CO	1,379	0	1,379	1,379
121 DISPOSAL CO	2,774	0	2,774	2,774
121 DISPOSAL CO	3,085	0	3,085	3,085
121 DISPOSAL CO	1,278	0	1,278	1,278
SURVEYING & DESIGN	960	0	960	960
RENOVATION SUPPLIES	689	0	689	689
WILHITE TRAILER SALES	11,699	0	11,699	11,699
STORAGE RACKS FOR MAIN BUILDING	4,992	0	4,992	4,992
HOME DEPOT	2,576	0	2,576	2,576
STEPLADDER & TOOLS	687	0	687	687
AMAZON TOOLS	135	0	135	135
PRICE SMALL ENGINES	1,742	0	1,742	1,742
72" FOLDING TABLE	415	0	415	415
HOME DEPOT	4,055	0	4,055	4,055
HOME DEPOT	1,038	0	1,038	1,038
RBS AUBURN TOOLS	533	0	533	533
PRICE SMALL ENGINES	1,432	0	1,432	1,432
BATTERY CABLE LUG CRIMPING TOOL	69	0	69	69
ALABAMA STEEL SUPPLY	2,163	0	2,163	2,163
8" SCAFFOLD CASTER (8)	549	0	549	549
HOME DEPOT	8,162	0	8,162	8,162
BLOWER	687	0	687	687
HOME DEPOT	1,882	0	1,882	1,882
BUILDERS FIRSTSOURCE - TOOLS	63	0	63	63
AMAZON SECURITY & INTERNET	2,108	0	2,108	2,108
EBAY INTERNET	464	0	464	464
UBIQUITI SECURITY & INTERNET	11,872	0	11,872	11,872
AMAZON SECURITY & INTERNET	5,971	0	5,971	5,971
UBIQUITI SECURITY & INTERNET	3,051	0	3,051	3,051
MAY REFRIGERATION CO - HVAC EQUIPMENT	36,700	0	36,700	36,700
MAY REFRIGERATION CO - HVAC EQUIPMENT	16,880	0	16,880	16,880
SMOKEHOUSE KITCHEN EQUIPMENT	7,633	0	7,633	7,633
SMOKEHOUSE REFRIGERATOR SHELVING	2,430	0	2,430	2,430
SMOKEHOUSE TANKLESS WATER HEATER INSTALLATION	9,685	0	9,685	9,685
DEMOLITION LABOR	5,044	0	5,044	5,044
DEMOLITION LABOR	6,376	0	6,376	6,376
DEMOLITION LABOR	5,000	0	5,000	5,000
DEMOLITION LABOR	5,000	0	5,000	5,000
DEMOLITION LABOR	5,854	0	5,854	5,854
DEMOLITION LABOR	2,304	0	2,304	2,304
RBS AUBURN - TOOLS & SUPPLIES	75	0	75	75
RBS AUBURN - INSULATION	1,193	0	1,193	1,193
RBS AUBURN - DRYWALL	709	0	709	709
HOME DEPOT -	13,899	0	13,899	13,899
ULINE - WIRE DECKING	1,354	0	1,354	1,354
PRICE SMALL ENGINES - INV #14446 & #144679	159	0	159	159
CANNON CARPET ONE - CARPET - SMOKEHOUSE	4,280	0	4,280	4,280
RBS AUBURN - TOOLS	587	0	587	587
SHERWIN-WILLIAMS - SCOUT HUT	609	0	609	609
PRICE SMALL ENGINES - INV 144996	61	0	61	61
MAY REFRIGERATION CO., INC - DRAW #3 FOR HVAC EQUIPMENT	26,667	0	26,667	26,667
MAY REFRIGERATION CO., INC - SCOUT HUT	12,380	0	12,380	12,380
DEMOLITION LABOR	5,000	0	5,000	5,000
DEMOLITION LABOR	7,920	0	7,920	7,920
ARCHITECT	49,403	0	49,403	49,403

- TIN:

TY 2023 OtherAssetsSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDEND RECEIVABLE	406
UTILITY DEPOSITS	5,357	5,357	5,357
ESCROW PROPERTY TAX	3,158	0	0

- TIN:

TY 2023 OtherExpensesSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INSURANCE - PRI RENTAL	1,802	0	1,802
POSTAGE	14	10	4
GRANT EXPENSES	6,402	0	6,402
SUPPLIES	31	22	9
SUBSCRIPTIONS	598	598	0
TECHNOLOGY	749	539	210
MARKETING	150	108	42
MAINTENANCE & REPAIRS - PRI RENTAL	7,029	0	7,029
OTHER EXPENSES	563	408	155
MEMBERSHIP DUES	396	0	396

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Description	Amount
CHARITIES - NET ASSET ADJUSTMENT - NO TAX EFFECT	190,254

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Description	Beginning of Year - Book Value	End of Year - Book Value
UNSETTLED SECURITY TRANSACTION	14,977	0
SECURITY DEPOSITS	0	100

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	48,646	48,646		0

- TIN:

TY 2023 TaxesSchedule

Name:

SAMFORD-CANNON FOUNDATION

EIN:

20-0246688

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	3,337	3,337		0
FEDERAL TAXES	4,000	0		0