Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
C D SPANGLER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 36007
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC282366007
A Employer identification number

56-6061548
B Telephone number (see instructions)

(704) 372-4500
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$638,233,139J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 35,016,800
2 Check right arrow.............
3 Interest on savings and temporary cash investments 7,733,384 7,733,384  
4 Dividends and interest from securities... 9,330,947 9,330,947  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 60,202,374
b Gross sales price for all assets on line 6a 99,914,439
7 Capital gain net income (from Part IV, line 2)... 60,202,374
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........ 112,283,505 77,266,705  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,719 0   14,719
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,074,007 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
300 0   300
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,089,026 0   15,019
25 Contributions, gifts, grants paid....... 24,339,020 24,339,020
26 Total expenses and disbursements. Add lines 24 and 25 25,428,046 0   24,354,039
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 86,855,459
b Net investment income (if negative, enter -0-) 77,266,705
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,949,383 2,390,009 2,390,009
2 Savings and temporary cash investments......... 122,061,268 192,839,255 192,839,255
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 399,001,076 Click to see attachment
List of Attached Documents:
// Content
419,761,591 		419,761,591
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 69,653 Click to see attachment
List of Attached Documents:
// Content
22,500,000 		23,157,000
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
85,284 		Click to see attachment
List of Attached Documents:
// Content
85,284
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 525,081,380 637,576,139 638,233,139
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,745,029 		Click to see attachment
List of Attached Documents:
// Content
3,064,160
23 Total liabilities (add lines 17 through 22)......... 2,745,029 3,064,160
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 522,336,351 634,511,979
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 522,336,351 634,511,979
30 Total liabilities and net assets/fund balances (see instructions). 525,081,380 637,576,139
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
522,336,351
2
Enter amount from Part I, line 27a .....................
2
86,855,459
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
25,979,806
4
Add lines 1, 2, and 3 ..........................
4
635,171,616
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
659,637
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
634,511,979
Form 990-PF (2024)
Form 990-PF (2024)
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 PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 99,914,439   39,712,065 60,202,374
b
c
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       60,202,374
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 60,202,374
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,074,007
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 1,074,007
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 1,074,007
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,054,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,054,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 20,007
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowC D SPANGLER FOUNDATION INC Telephone no.right arrow (704) 372-4500

Located atright arrow1110 E MOREHEAD STCHARLOTTENC ZIP+4right arrow28204
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MEREDITH R SPANGLER CHAIRMAN
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
W D CORNWELL JR VP/SEC/TR/DIR
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
ANNA SPANGLER NELSON VP/DIRECTOR
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
ABIGAIL R SPANGLER DIRECTOR/PRES
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
CINDY L MARR ASST VP/ASST SEC
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
MEGHAN G ELLIS ASST VP/ASST SEC
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
MEREDITH SPANGLER NELSON RHYNE VP/ASST SEC
0.00 		0 0 0
PO BOX 36007
CHARLOTTE,NC28236
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
407,398,196
b
Average of monthly cash balances.......................
1b
179,605,592
c
Fair market value of all other assets (see instructions)................
1c
16,081,681
d
Total (add lines 1a, b, and c).........................
1d
603,085,469
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
603,085,469
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
9,046,282
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
594,039,187
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
29,701,959
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
29,701,959
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,074,007
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,074,007
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
28,627,952
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
28,627,952
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
28,627,952
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
24,354,039
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
24,354,039
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 28,627,952
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 22,160,117
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 24,354,039
a Applied to 2023, but not more than line 2a 22,160,117
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 2024 distributable amount..... 2,193,922
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		26,434,030
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALTERNATIVE EDUCATIONAL ACADEMY OF IOSCO COUNTY

40 M-55
TAWAS CITY,MI48763 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 17,500

APALACHEE HIGH SCHOOL

940 HAYMON MORRIS ROAD
WINDER,GA30680 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

APPALACHIAN STATE UNIVERSITY DISASTER RELIEF FUND

287 RIVERS STREET
BOONE,NC28608 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 100,000

ASPERMONT ISD

528 E SEVENTH STREET
ASPERMONT,TX79502 		  PUBLIC CHARITY PROGRAM SUPPORT 17,500

AUGUSTINE LITERACY PROJECT

115 WEST SEVENTH STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

BABY BUNDLES

2412 CHARLOTTE DRIVE
CHARLOTTE,NC28203 		  PUBLIC CHARITY PROGRAM SUPPORT 10,000

BEAVER COUNTY CAREER AND TECHNOLOGY CENTER

145 POPLAR AVENUE
MONACA,PA15061 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

BEST NC

501 SAS CAMPUS DRIVE BUILDING V
CARY,NC27513 		  PUBLIC CHARITY PROGRAM SUPPORT 50,000

BOY SCOUTS OF AMERICA - MECKLENBURG COUNTY COUNCIL

1410 E 7TH STREET
CHARLOTTE,NC28204 		  PUBLIC CHARITY PROGRAM SUPPORT 20,000

CARE RING - NURSE - FAMILY PARTNERSHIP

601 E 5TH STREET SUITE 140
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 125,000

CAROLINA FARM TRUST

9627 WILLOW LEAF LANE
CORNELIUS,NC28031 		  PUBLIC CHARITY PROGRAM SUPPORT 250,000

CAROLINA THREAD TRAIL

2400 PARK ROAD SUITE 1
CHARLOTTE,NC28203 		  PUBLIC CHARITY PROGRAM SUPPORT 100,000

CAROLINA YOUTH COALITION

6035 FLORENCE AVENUE SUITE 200
CHARLOTTE,NC28212 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

CHARLOTTE BALLET

701 N TRYON STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 50,000

CHARLOTTE BILINGUAL PRESCHOOL

6300 HIGHLAND AVENUE
CHARLOTTE,NC28215 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

CHARLOTTE MECKLENBURG LIBRARY FOUNDATION

300 E SEVENTH STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 50,000

CHARLOTTE SYMPHONY ORCHESTRA

128 S TRYON STREET SUITE 350
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 100,000

CHILD CARE RESOURCES INC

200B REGENCY EXECUTIVE PARK DRIVE
SUITE 240
CHARLOTTE,NC28217 		  PUBLIC CHARITY PROGRAM SUPPORT 125,000

CHILDREN'S THEATRE OF CHARLOTTE

300 EAST 7TH STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 50,000

CLASSROOM CENTRAL

2116 WILKINSON BOULEVARD
CHARLOTTE,NC28208 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

CLAY COUNTY HIGH SCHOOL AGRICULTURE PROGRAM

128 RICHMOND ROAD
MANCHESTER,KY40962 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

CLEBURNE HIGH SCHOOL CAREER AND TECHNOLOGY EDUCATION

1501 HARLIN DRIVE
CLEBURNE,TX76033 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

CMS FOUNDATION - LOANED EXECUTIVES PROGRAM

4421 STUART ANDREW BOULEVARD SUITE
100
CHARLOTTE,NC28217 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

CMS FOUNDATION - MUSICAL INSTRUMENTS PROGRAM

4421 STUART ANDREW BOULEVARD SUITE
100
CHARLOTTE,NC28217 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

COLLEGE ADVISING CORPS

5540 CENTERVIEW DRIVE SUITE 204 PMB
41997
RALEIGH,NC27606 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

COMMUNITIES IN SCHOOLS

601 E 5TH STREET SUITE 300
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 175,000

COMMUNITY FOUNDATION OF WESTERN CAROLINA

4 VANDERBILT PARK DRIVE SUITE 300
ASHEVILLE,NC28803 		  PUBLIC CHARITY PROGRAM SUPPORT 250,000

CRISIS ASSISTANCE MINISTRY

500-A SPRATT STREET
CHARLOTTE,NC28206 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 150,000

CULVER-STOCKTON COLLEGE

ONE COLLEGE HILL
CANTON,MO63435 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 500

DARLINGTON SCHOOL

1014 CAVE SPRING ROAD SW
ROME,GA30161 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 150,000

DARLINGTON SCHOOL - CAPITAL CAMPAIGN

1014 CAVE SPRING ROAD SW
ROME,GA30161 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 1,000,000

DOVER REGIONAL CAREER TECHNOLOGY CENTER

25 ALUMNI DRIVE
DOVER,NH03820 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

ELOY JUNIOR HIGH SCHOOL

404 E PHOENIX AVENUE
ELOY,AZ85131 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

FFTC - CHARLOTTE SYMPHONY ORCHESTRA ENDOWMENT CAMPAIGN

220 NORTH TRYON STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 2,500,000

FFTC - READ CHARLOTTE

220 NORTH TRYON STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

FIDELITY CHARITABLE

JPMORGAN CHASE BANK 640 5TH AVENUE
NEW YORK,NY10019 		  PUBLIC CHARITY PROGRAM SUPPORT 330,000

FRIENDS OF THE CLEVELAND COUNTY LIBRARY

P O BOX 3043
SHELBY,NC28151 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

FT DODGE HIGH SCHOOL

819 N 25TH STREET
FORT DODGE,IA50501 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 17,500

FT DODGE MIDDLE SCHOOL

800 N 32ND STREET
FORT DODGE,IA50501 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 17,500

GRAND PRAIRIE COLLEGIATE INSTITUTE

2205 SE FOURTH STREET
GRAND PRAIRIE,TX75051 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

GREENLIGHT FUND (CHARLOTTE)

50 MILK STREET 16TH FLOOR
BOSTON,MA02109 		  PUBLIC CHARITY PROGRAM SUPPORT 50,000

HARPER INDEPENDENT SCHOOL DISTRICT

23122 US-290 MAIN
HARPER,TX78631 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

HARVARD BUSINESS SCHOOL

SOLDIERS FIELD
BOSTON,MA02163 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 1,000,000

HARVARD UNIVERSITY FBO HARVARD COLLEGE FUND

BOX 419209 2 MORRISSEY BOULEVARD
MA5-527-02-07
DORCHESTER,MA02125 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

HEART MATH TUTORING

4601 CHARLOTTE PARK DRIVE UNIT 100
CHARLOTTE,NC28217 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 125,000

HELPS EDUCATION FUND

2020 PROGRESS COURT
RALEIGH,NC27608 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

HIGH COUNTRY UNITED WAY

1675 BLOWING ROCK BOULEVARD SUITE
400
BOONE,NC28607 		  PUBLIC CHARITY PROGRAM SUPPORT 250,000

KANKAKEE VALLEY HIGH SCHOOL

3923 W STATE RAOD 10
WHEATFIELD,IN46392 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

LEMOYNE COLLEGE

1419 SALT SPRINGS ROAD
SYRACUSE,NY13214 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 500

LINVILLE FOUNDATION

P O BOX 99
LINVILLE,NC28646 		  PUBLIC CHARITY PROGRAM SUPPORT 5,000

LITTLE FORT ELEMENTARY

1775 BLANCHARD ROAD
WAUKEGAN,IL60087 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

MANHATTAN COLLEGE

4513 MANHATTAN COLLEGE PARKWAY
RIVERDALE,NY10471 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 500

MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 250,000

MCROBO

1012 SE 14TH STREET
PRYOR,OK74361 		  PUBLIC CHARITY PROGRAM SUPPORT 25,000

MEDICINE LODGE HIGH SCHOOL SCIENCE DEPARTMENT

400 W ELDORADO AVE
MEDICINE LODGE,KS67104 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 17,500

MIDDLETON HIGH SCHOOL ROBOTICS TEAM

4801 N 22ND STREET
TAMPA,FL33610 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

MYERS PARK BAPTIST CHURCH

2001 SELWYN AVENUE
CHARLOTTE,NC28207 		  PUBLIC CHARITY PROGRAM SUPPORT 180,000

MYERS PARK HIGH SCHOOL FOUNDATION

2400 COLONY ROAD
CHARLOTTE,NC28209 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 10,000

MYFUTURENC

311 NEW BERN AVENUE SUITE 26246
RALEIGH,NC27601 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

NATIONAL INVENTORS HALL OF FAME

3701 HIGHLAND PARK NW
NORTH CANTON,OH44720 		  PUBLIC CHARITY PROGRAM SUPPORT 30,000

NATIONAL MERIT SCHOLARSHIP CORPORATION

1560 SHERMAN AVENUE SUITE 200
EVANSTON,IL60201 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 19,270

NATIONAL MULTIPLE SCLEROSIS SOCIETY

P O BOX 91891
WASHINGTON,DC20090 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 5,000,000

NC SCHOOL OF SCIENCE & MATHEMATICS FOUNDATION

1219 BROAD STREET
DURHAM,NC27705 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 750,000

NEO PHILANTHROPY INC FBO PRESS FORWARD CHARLOTTE

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		  PUBLIC CHARITY PROGRAM SUPPORT 120,000

NORTH BARBER SCHOOLS FFA AND SHOP

400 W ELDORADO AVE
MEDICINE LODGE,KS67104 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 17,500

NORTHWESTERN UNIVERSITY - KELLOGG SCHOOL OF MANAGEMENT

1007 CHURCH STREET SUITE 400
EVANSTON,IL60201 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

ORLANDO MATH CIRCLE

531 VERSAILLES DRIVE
MAITLAND,FL32751 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

PINEWOOD ELEMENTARY SCHOOL

805 SENECA PLACE
CHARLOTTE,NC28210 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

PLANNED PARENTHOOD - SOUTH ATLANTIC

700 SOUTH TORRENCE STREET
CHARLOTTE,NC28204 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 75,000

PROMISING PAGES

4020 YANCEY ROAD
CHARLOTTE,NC28217 		  PUBLIC CHARITY PROGRAM SUPPORT 25,000

RAMA ROAD ELEMENTARY SCHOOL

1035 RAMA ROAD
CHARLOTTE,NC28211 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

ROTAN ISD

102 N MCKINLEY AVENUE
ROTAN,TX79546 		  PUBLIC CHARITY PROGRAM SUPPORT 17,500

SAFE ALLIANCE - THE UMBRELLA CENTER CAPITAL CAMPAIGN

601 E 5TH STREET SUITE 400
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 500,000

SAMARITAN'S PURSE

P O BOX 3000
BOONE,NC28607 		  PUBLIC CHARITY PROGRAM SUPPORT 250,000

SARSEF

5049 E BROADWAY BOULEVARD SUITE 125
TUCSON,AZ85711 		  PUBLIC CHARITY PROGRAM SUPPORT 30,000

SCIENTIFIC ADVENTURES FOR GIRLS

P O BOX 11123
OAKLAND,CA94611 		  PUBLIC CHARITY PROGRAM SUPPORT 30,000

SHARED SCIENCE

5318 E 2ND STREET 602
LONG BEACH,CA90803 		  PUBLIC CHARITY PROGRAM SUPPORT 30,000

SHOALS COMMUNITY SCHOOL

11741 IRONTON ROAD
SHOALS,IN47581 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

SHOALS PUBLIC LIBRARY

P O BOX 909
SHOALS,IN47581 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 10,000

SI SE PUEDE

3225 N WASHINGTON STREET
CHANDLER,AZ85225 		  PUBLIC CHARITY PROGRAM SUPPORT 15,000

SOUTH VERMILLION HIGH SCHOOL BANDBOOSTERS

770 W WILDCAT DRIVE
CLINTON,IN47842 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

ST ANN CATHOLIC SCHOOL CAMPAIGN

600 HILLSIDE AVENUE
CHARLOTTE,NC28209 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 50,000

STANFORD UNIVERSITY

295 GALVEZ STREET
STANFORD,CA94305 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

STANFORD UNIVERSITY - HOOVER INSTITUTE

326 GALVEZ STREET
STANFORD,CA94305 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

STEM ACADEMY AT BARTLETT

207 MONTGOMERY XROADS
SAVANNAH,GA31406 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

STEM LIBRARY LAB

10 LOUISIANA STREET
WESTWEGO,LA70094 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 30,000

STEMDUCATE

1414 E HADLEY STREET
PHOENIX,AZ85034 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 15,000

STOWE FAMILY YMCA

2221 ROBINWOOD ROAD
GASTONIA,NC28054 		  PUBLIC CHARITY PROGRAM SUPPORT 200,000

TEACH FOR AMERICA

P O BOX 11649
CHARLOTTE,NC28220 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

THE FOUNDATION FOR NC A&T STATE UNIVERSITY

1601 EAST MARKET STREET DOWDY ADMIN
BUILDING SUITE 400
GREENSBORO,NC27411 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250,000

THE INGENUITY PROJECT

1400 W COLD SPRING LANE
BALTIMORE,MD21209 		  PUBLIC CHARITY PROGRAM SUPPORT 30,000

THE MARSHALL UNIVERSITY FOUNDATION

519 JOHN MARSHALL DRIVE
HUNTINGTON,WV25703 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 1,000

THE METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		  PUBLIC CHARITY PROGRAM SUPPORT 10,000

THE OPPORTUNITY LEAGUE

11 WEST BROAD STREET
BURLINGTON,NJ08016 		  PUBLIC CHARITY PROGRAM SUPPORT 30,000

THE SEED SCHOOL OF MARYLAND

200 FONT HILL AVENUE
BALTIMORE,MD21223 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

THE YOUNG SCIENTIST ACADEMY

226 N FRONT STREET 151
WILMINGTON,NC28401 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 30,000

TREESCHARLOTTE FOUNDATION

4404 STUART ANDREW BOULEVARD
CHARLOTTE,NC28217 		  PUBLIC CHARITY PROGRAM SUPPORT 50,000

TRINITY EPISCOPAL SCHOOL

750 EAST 9TH STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 20,000

TRINITY EPISCOPAL SCHOOL - CAPITAL CAMPAIGN

750 EAST 9TH STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 300,000

UCSF - MULTIPLE SCLEROSIS

P O BOX 45339
SAN FRANCISCO,CA94145 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 5,000,000

UNC ASHEVILLE FUND

1 UNIVERSITY HEIGHTS
ASHEVILLE,NC28804 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 100,000

UNITED WAY OF GREATER CHARLOTTE

601 E 5TH STREET SUITE 350
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 250,000

UNIVERSITY OF LOUISIANA - MONROE

700 UNIVERSITY AVENUE
MONROE,LA71209 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 1,000

UNIVERSITY OF OKLAHOMA FOUNDATION

100 TIMBERDELL ROAD
NORMAN,OK73019 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 500

WELLBORN HIGH SCHOOL

135 PINSON ROAD
ANNISTON,AL36201 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 25,000

WELLESLEY COLLEGE

106 CENTRAL STREET
WELLESLEY,MA02481 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 300,000

WESTERN CAROLINA UNIVERSITY EMERGENCY FUND

1 UNIVERSITY DRIVE
CULLOWHEE,NC28723 		  PUBLIC CHARITY PROGRAM SUPPORT 100,000

WHITTEMORE-PRESCOTT JRSR HIGH SCHOOL

6001 MILLS ROAD
WHITTEMORE,MI48770 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 17,500

WORLD AFFAIRS COUNCIL OF CHARLOTTE

9201 UNIVERSITY CITY BOULEVARD
CHARLOTTE,NC28223 		  PUBLIC CHARITY PROGRAM SUPPORT 10,000

YEAR UP CHARLOTTE

1141 ELIZABETH AVENUE ROOM 103
CHARLOTTE,NC28204 		  PUBLIC CHARITY PROGRAM SUPPORT 100,000

YMCA OF GREATER CHARLOTTE

400 EAST MOREHEAD STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 20,000

YOUNG BLACK LEADERSHIP ALLIANCE

4112 OLD PINEVILLE ROAD
CHARLOTTE,NC28217 		  PUBLIC CHARITY PROGRAM SUPPORT 100,000

ALONGSIDE FAMILIES

2217 MATTHEWS TOWNSHIP PARKWAY
MATTHEWS,NC28105 		  PUBLIC CHARITY PROGRAM SUPPORT 250

AMERICAN CANCER SOCIETY

P O BOX 42040
OKLAHOMA CITY,OK73123 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 500

APPALACHIAN STATE UNIVERSITY FOUNDATION

BOX 32014
BOONE,NC28608 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250

BEDS FOR KIDS

1800 CAMDEN ROAD SUITE 107-17
CHARLOTTE,NC28217 		  PUBLIC CHARITY PROGRAM SUPPORT 250

CHARLOTTE MECKLENBURG DREAM CENTER

P O BOX 30877
CHARLOTTE,NC28230 		  PUBLIC CHARITY PROGRAM SUPPORT 250

CHARLOTTE RESCUE MISSION

P O BOX 33000
CHARLOTTE,NC28233 		  PUBLIC CHARITY PROGRAM SUPPORT 1,000

CONGREGATIONS FOR KIDS

5835 EXECUTIVE CENTER DRIVE
CHARLOTTE,NC28212 		  PUBLIC CHARITY PROGRAM SUPPORT 250

DAVIDSON COLLEGE PRESBYTERIAN CHURCH

P O BOX 337
DAVIDSON,NC28036 		  PUBLIC CHARITY PROGRAM SUPPORT 250

FRIENDS OF CROWDER

P O BOX 1881
GASTONIA,NC28053 		  PUBLIC CHARITY PROGRAM SUPPORT 500

JAZZARTS CHARLOTTE

700 N TRYON STREET
CHARLOTTE,NC28202 		  PUBLIC CHARITY PROGRAM SUPPORT 500

LOAVES & FISHES

648 GRIFFITH ROAD SUITE B
CHARLOTTE,NC28217 		  PUBLIC CHARITY PROGRAM SUPPORT 250

NORTH MECKLENBURG ANIMAL RESCUE

P O BOX 9102
CHARLOTTE,NC28299 		  PUBLIC CHARITY PROGRAM SUPPORT 250

SAMARITAN'S PURSE

P O BOX 3000
BOONE,NC28607 		  PUBLIC CHARITY PROGRAM SUPPORT 1,000

ST ANDREW'S UNITED METHODIST CHURCH

1901 ARCHDALE DRIVE
CHARLOTTE,NC28210 		  PUBLIC CHARITY PROGRAM SUPPORT 1,000

ST ANN CATHOLIC SCHOOL

600 HILLSIDE AVENUE
CHARLOTTE,NC28209 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 1,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 500

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		  PUBLIC CHARITY TO ASSIST IN HEALTH AND HUMAN SERVICES 250

TOGETHER FOR ISRAEL

P O BOX 620027
CHARLOTTE,NC28262 		  PUBLIC CHARITY PROGRAM SUPPORT 1,000

TOWN OF CORNELIUS - ANIMAL SHELTER

P O BOX 399 21445 CATAWBA AVENUE
CORNELIUS,NC28031 		  PUBLIC CHARITY PROGRAM SUPPORT 250

UNC CHARLOTTE FOUNDATION

9201 UNIVERSITY CITY BOULEVARD
CHARLOTTE,NC28223 		  PUBLIC CHARITY TO ASSIST IN EDUCATIONAL OPPORTUNITIES 250

WOUNDED WARRIOR PROJECT

4899 BELFORT ROAD UNIT 300
JACKSONVILLE,FL32256 		  PUBLIC CHARITY PROGRAM SUPPORT 1,000
Total .................................right arrow 3a 24,339,020
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 7,733,384  
4 Dividends and interest from securities ....     14 9,330,947  
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 60,202,374  
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 77,266,705 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
77,266,705
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
C D SPANGLER FOUNDATION INC
 
Employer identification number

56-6061548
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
C D SPANGLER FOUNDATION INC
  		Employer identification number
56-6061548
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
DELCOR INC
 
1100 N MARKET STREET STE 4073
 
WILMINGTON, DE19890

$ 35,016,800


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
C D SPANGLER FOUNDATION INC
  		Employer identification number

56-6061548
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES - BAC $ 35,016,800 2024-05-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
C D SPANGLER FOUNDATION INC
  		Employer identification number

56-6061548
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND TAX 14,719 0   14,719

TY 2024 InvestmentsCorpStockSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK SYMBOL BAC 147,919,878 147,919,878
CORPORATE STOCK SYMBOL VOO 144,765,316 144,765,316
CORPORATE STOCK SYMBOL VTI 87,207,597 87,207,597
CORPORATE STOCK SYMBOL BND 25,060,634 25,060,634
CORPORATE STOCK SYMBOL VGT 14,808,166 14,808,166

TY 2024 InvestmentsOtherSchedule2
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GOLUB INVESTMENT FMV 22,500,000 23,157,000

TY 2024 OtherAssetsSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST RECEIVABLE 0 60,284 60,284
OTHER ASSETS - CONTRIBUTIONS 0 25,000 25,000


TY 2024 OtherDecreasesSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Description Amount
DEFERRED EXCISE TAX 659,637


TY 2024 OtherExpensesSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGE 300 0   300


TY 2024 OtherIncreasesSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Description Amount
INCREASE IN UNREALIZED GAINS (SFAS 124) 25,979,806


TY 2024 OtherLiabilitiesSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Description Beginning of Year - Book Value End of Year - Book Value
CURRENT EXCISE TAX 360,513 20,007
DEFERRED EXCISE TAX 2,384,516 3,044,153


TY 2024 TaxesSchedule
Name:
C D SPANGLER FOUNDATION INC
EIN:
56-6061548
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX - CURRENT 1,074,007 0   0