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 03-01-2024 , and ending 02-28-2025
Name of foundation
WILLIAM GASTON ALLEN FOUNDATION TR
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 919798
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORLANDO, FL328919798
A Employer identification number

35-7201867
B Telephone number (see instructions)

(919) 716-9314
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$4,017,913J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 101,971 101,458  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 45,367
b Gross sales price for all assets on line 6a 2,661,283
7 Capital gain net income (from Part IV, line 2)... 45,367
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
86 86  
12 Total. Add lines 1 through 11........ 147,424 146,911  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 25,165 12,582   12,583
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,500 0 0 1,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
8,353     8,353
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,996 406   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
522 522    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,536 13,510 0 22,436
25 Contributions, gifts, grants paid....... 127,800 127,800
26 Total expenses and disbursements. Add lines 24 and 25 183,336 13,510 0 150,236
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -35,912
b Net investment income (if negative, enter -0-) 133,401
c Adjusted net income (if negative, enter -0-)... 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............. 9,178 22,678 22,678
2 Savings and temporary cash investments......... 72,577 144,502 144,502
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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).......      
c Investments—corporate bonds (attach schedule)....... 1,523,328 Click to see attachment
List of Attached Documents:
// Content
806,399 		830,053
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).......... 1,984,479 Click to see attachment
List of Attached Documents:
// Content
2,582,040 		2,930,680
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
400 		Click to see attachment
List of Attached Documents:
// Content
400 		Click to see attachment
List of Attached Documents:
// Content
90,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,589,962 3,556,019 4,017,913
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)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,589,962 3,556,019
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)..... 3,589,962 3,556,019
30 Total liabilities and net assets/fund balances (see instructions). 3,589,962 3,556,019
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
3,589,962
2
Enter amount from Part I, line 27a .....................
2
-35,912
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,146
4
Add lines 1, 2, and 3 ..........................
4
3,557,196
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,177
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,556,019
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 10000. MARYLAND ST 4.500% 3/01/24   2018-04-27 2024-03-01
b 2000. CROWN CASTLE INTL 3.300% 7/01/30   2024-01-04 2024-03-04
c 12000. CROWN CASTLE INTL 3.300% 7/01/30   2020-07-28 2024-03-04
d 25000. U.S. TREASURY BILLS 3/14/24   2024-02-01 2024-03-14
e 13000. CAPITAL ONE FINANCL 3.750% 4/24/24   2020-08-04 2024-03-25
6000. U.S. TREASURY NOTES 1.625% 5/15/31   2021-08-31 2024-04-11
9000. U.S. TREASURY NOTES 1.250% 8/15/31   2023-01-19 2024-04-11
18000. U.S. TREASURY BILLS 4/25/24   2024-03-14 2024-04-25
10000. U.S. TREASURY NOTES 2.375% 8/15/24   2021-04-26 2024-06-28
27000. U.S. TREASURY NOTES 1.750% 6/30/24   2019-08-30 2024-06-30
13000. ABBVIE INC 4.250% 11/14/28   2019-03-28 2024-07-08
13000. AIR LEASE CORP 2.200% 1/15/27   2024-02-14 2024-07-08
13000. AMERICAN ELECTRIC 3.200% 11/13/27   2019-06-10 2024-07-08
12000. AMERICAN TOWER 5.450% 2/15/34   2024-03-04 2024-07-08
12000. ANHEUSER-BUSCH 4.750% 1/23/29   2019-03-22 2024-07-08
14000. APPLE INC 1.650% 5/11/30   2023-04-27 2024-07-08
8000. BAT CAPITAL CORP 3.557% 8/15/27   2023-09-05 2024-07-08
4000. BAT CAPITAL CORP 3.557% 8/15/27   2020-02-03 2024-07-08
13000. BANK OF AMER CRP MTN 3.248% 10/21/27     2024-07-08
2000. BANK OF NY V-D 4.706% 2/01/34   2024-01-04 2024-07-08
11000. BANK OF NY V-D 4.706% 2/01/34   2023-01-24 2024-07-08
12000. CVS HEALTH CORP 2.625% 8/15/24     2024-07-08
25000. CALIFORNIA ST 3.375% 4/01/25   2023-02-06 2024-07-08
25000. CHICAGO IL O'HARE 1.874% 1/01/27   2024-07-02 2024-07-08
12000. DISCOVERY COMMUN 3.950% 3/20/28   2021-12-09 2024-07-08
13000. DUKE ENERGY COR 4.500% 8/15/32   2022-08-08 2024-07-08
19000. FNMA 0.875% 8/05/30   2022-08-31 2024-07-08
27000. FNMA 2.125% 4/24/26     2024-07-08
32000. FED NATL MTG ASSN 2.625% 09/06/24     2024-07-08
2000. FEDERAL REALTY INVT 3.500% 6/01/30   2024-01-25 2024-07-08
13000. FEDERAL REALTY INVT 3.500% 6/01/30   2020-10-05 2024-07-08
2000. FIDELITY NATL FINL 2.450% 3/15/31   2024-01-04 2024-07-08
14000. FIDELITY NATL FINL 2.450% 3/15/31   2021-09-30 2024-07-08
13000. FIFTH THIRD V-D 6.361% 10/27/28   2024-01-23 2024-07-08
25000. FORT LAUDERDALE FL 1.300% 1/01/27   2020-09-15 2024-07-08
2000. GENERAL MTRS FINL CO 5.850% 4/06/30   2024-01-04 2024-07-08
10000. GENERAL MTRS FINL CO 5.850% 4/06/30   2023-04-03 2024-07-08
12000. GOLDMAN SACHS GROUP 2.600% 2/07/30   2020-08-28 2024-07-08
20000. HAWAII ST 1.518% 10/01/28   2023-05-17 2024-07-08
2000. JPMORGAN CHASE V-Q 1.764% 11/19/31   2024-01-04 2024-07-08
13000. JPMORGAN CHASE V-Q 1.764% 11/19/31   2023-04-27 2024-07-08
12000. JEFFERIES FIN GROUP 6.200% 4/14/34   2024-04-11 2024-07-08
14000. KEYCORP MTN 2.550% 10/01/29   2020-04-30 2024-07-08
12000. KINDER MORGAN INC 4.300% 3/01/28   2020-06-09 2024-07-08
15000. LOS ANGELES CA MUNI 0.683% 11/01/24   2021-02-25 2024-07-08
11000. MCDONALD'S CORP MTN 5.000% 5/17/29   2024-05-14 2024-07-08
13000. MITSUBISHI UFJ FINL 3.677% 2/22/27     2024-07-08
12000. MORGAN STANLEY MTN 4.000% 7/23/25     2024-07-08
13000. NVIDIA CORP 2.850% 4/01/30   2020-03-31 2024-07-08
13000. OREILLY AUTOMOTIVE 4.200% 4/01/30   2023-09-14 2024-07-08
25000. OREGON ST 3.202% 5/01/27   2019-02-14 2024-07-08
9000. OWL ROCK CAPITAL 2.875% 6/11/28   2021-08-10 2024-07-08
13000. PNC FINANCIAL V-D 6.615% 10/20/27   2023-10-17 2024-07-08
20000. PFLUGERVILLE TX INDP 5.000% 2/15/27   2020-09-02 2024-07-08
13000. PIONEER NAT RES CO 1.125% 1/15/26     2024-07-08
2000. PUBLIC STORAGE 1.950% 11/09/28   2024-01-04 2024-07-08
13000. PUBLIC STORAGE 1.950% 11/09/28   2021-11-04 2024-07-08
2000. ROYAL BK CA MTN CONV 2.300% 11/03/31   2024-01-04 2024-07-08
13000. ROYAL BK CA MTN CONV 2.300% 11/03/31   2021-10-26 2024-07-08
14000. S&P GLOBAL INC 2.900% 3/01/32   2023-06-29 2024-07-08
30000. SAN DIEGO CNTY CA 1.431% 5/01/29   2022-12-02 2024-07-08
11000. CHARLES SCHWAB V-D 6.196% 11/17/29   2023-11-15 2024-07-08
2000. SHELL INTL FIN 2.375% 11/07/29   2024-01-04 2024-07-08
13000. SHELL INTL FIN 2.375% 11/07/29   2019-11-04 2024-07-08
13000. T-MOBILE USA INC 3.750% 4/15/27     2024-07-08
15000. TRI-CNTY OR MET TRA 2.496% 9/01/30   2024-01-08 2024-07-08
12000. US TREASURY BONDS 5.250% 2/15/29   2023-12-13 2024-07-08
22000. U.S. TREASURY NOTES 1.500% 8/15/26     2024-07-08
4000. U.S. TREASURY NOTES 2.250% 11/15/27   2022-09-19 2024-07-08
26000. U.S. TREASURY NOTES 2.750% 2/15/28   2019-02-06 2024-07-08
13000. U.S. TREASURY NOTES 2.875% 5/15/28   2019-08-15 2024-07-08
14000. U.S. TREASURY NOTES 2.875% 8/15/28     2024-07-08
11000. U.S. TREASURY NOTES 3.125% 11/15/28   2019-02-08 2024-07-08
12000. U.S. TREASURY NOTES 2.625% 12/31/25   2019-05-09 2024-07-08
12000. U.S. TREASURY NOTES 2.625% 1/31/26   2019-05-09 2024-07-08
28000. U.S. TREASURY NOTES 2.375% 8/15/24     2024-07-08
12000. U.S. TREASURY NOTES 2.250% 11/15/25   2022-03-24 2024-07-08
25000. U.S. TREASURY NOTES 1.625% 5/15/26     2024-07-08
15000. U.S. TREASURY NOTES 2.000% 11/15/26   2023-05-30 2024-07-08
10000. U.S. TREASURY NOTES 2.250% 2/15/27     2024-07-08
13000. U.S. TREASURY NOTES 2.125% 5/15/25   2021-11-12 2024-07-08
10000. U.S. TREASURY NOTES 1.500% 2/15/30   2022-05-09 2024-07-08
29000. U.S. TREASURY NOTES 0.250% 6/30/25     2024-07-08
14000. U.S. TREASURY NOTES 1.625% 5/15/31   2023-09-22 2024-07-08
34000. U.S. TREASURY NOTES 1.625% 5/15/31     2024-07-08
34000. U.S. TREASURY NOTES 1.375% 11/15/31     2024-07-08
41000. U.S. TREASURY NOTES 1.875% 2/15/32     2024-07-08
29000. U.S. TREASURY NOTES 2.875% 4/30/29   2022-05-02 2024-07-08
12000. U.S. TREASURY NOTES 2.875% 5/15/32   2022-08-19 2024-07-08
18000. U.S. TREASURY NOTES 2.750% 8/15/32     2024-07-08
21000. U.S. TREASURY NOTES 4.125% 11/15/32   2022-12-27 2024-07-08
12000. U.S. TREASURY NOTES 4.000% 6/30/28   2023-07-07 2024-07-08
6000. U.S. TREASURY NOTES 3.875% 8/15/33   2023-08-11 2024-07-08
43000. U.S. TREASURY NOTES 4.000% 2/15/34     2024-07-08
10000. U.S. TREASURY NOTES 4.375% 5/15/34   2024-06-28 2024-07-08
13000. RTX CORPORATION 4.125% 11/16/28     2024-07-08
14000. VMWARE INC 3.900% 8/21/27     2024-07-08
3000. WASTE MANAGEMENT INC 4.625% 2/15/33   2024-01-04 2024-07-08
9000. WASTE MANAGEMENT INC 4.625% 2/15/33   2023-04-27 2024-07-08
13000. WELLS FARGO MTN V-Q 2.879% 10/30/30   2020-12-10 2024-07-08
916.789 GQG PART EMERG MKTS EQ-INST   2023-09-13 2024-07-10
347.25 ARTISAN INTL VALUE FUND-INS   2023-09-13 2024-07-10
192.448 DFA US SMALL CAP PORTFOLIO   2023-09-13 2024-07-10
417.968 EATON VANCE-ATLANTA SMID-R6   2023-09-13 2024-07-10
1228.714 GOLDMAN SACHS GQP PRT INTL-R6   2023-09-13 2024-07-10
841.774 HARTFORD DVDND & GRWTH-F   2024-01-12 2024-07-10
164. ISHARES CORE S&P 500 ETF     2024-07-10
103. ISHARES S&P 500 VALUE ETF   2024-01-12 2024-07-10
839.521 JOHCM INTERNATIONAL SEL-INST   2023-09-13 2024-07-10
315.025 LOOMIS SAYLES GROWTH-N2   2023-09-13 2024-07-10
6783.104 PGIM SHRT TRM CORP BND-Q     2024-07-10
875. VANGUARD RUSSELL 1000 GROWTH ETF   2024-01-12 2024-07-10
3676.707 GOLDMAN SACHS GQP PRT INTL-R6   2023-09-13 2024-10-08
868. ISHARES CORE TOTAL US BOND MKT ETF     2024-10-08
2405.657 LOOMIS SAYLES GROWTH-N2   2023-09-13 2024-10-08
1645. SPDR BLOOMBERG 1-3 MONTH T-BILL ETF   2024-07-10 2024-10-08
46. ISHARES CORE S&P 500 ETF   2023-12-28 2024-10-10
1. ISHARES CORE S&P 500 ETF   2023-09-13 2024-10-10
2164. ISHARES CORE TOTAL US BOND MKT ETF     2025-01-10
415. ISHARES CORE TOTAL US BOND MKT ETF   2023-12-15 2025-01-10
2833. ISHARES 5-10Y INV GRADE CORP ETF   2024-10-08 2025-01-10
2680.775 GQG PART EMERG MKTS EQ-INST   2023-09-13 2025-02-24
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,000   10,000  
b 1,769   1,782 -13
c 10,616   13,037 -2,421
d 24,850   24,850  
e 13,000   13,000  
4,935   6,140 -1,205
7,145   7,784 -639
17,892   17,892  
9,963   10,024 -61
27,000   27,000  
12,769   13,135 -366
12,063   12,015 48
12,231   13,010 -779
12,032   11,914 118
11,994   12,396 -402
11,903   12,222 -319
7,640   7,504 136
3,820   4,082 -262
12,379   12,671 -292
1,932   1,934 -2
10,627   11,000 -373
11,952   12,004 -52
24,575   24,769 -194
22,995   23,255 -260
11,314   12,624 -1,310
12,280   12,981 -701
15,496   16,385 -889
25,820   26,561 -741
31,846   31,910 -64
1,824   1,829 -5
11,853   13,637 -1,784
1,646   1,657 -11
11,523   13,962 -2,439
13,347   13,305 42
22,810   25,114 -2,304
2,047   2,033 14
10,237   10,004 233
10,620   12,456 -1,836
17,492   17,960 -468
1,645   1,618 27
10,690   10,690  
12,296   11,981 315
12,037   13,726 -1,689
11,723   12,795 -1,072
14,719   15,000 -281
11,066   10,959 107
12,587   12,891 -304
11,827   11,919 -92
11,888   13,386 -1,498
12,470   12,175 295
23,850   25,000 -1,150
8,041   8,991 -950
13,368   13,000 368
20,018   22,019 -2,001
12,242   13,008 -766
1,774   1,795 -21
11,530   12,994 -1,464
1,677   1,684 -7
10,901   12,985 -2,084
12,239   12,267 -28
25,710   25,319 391
11,520   11,000 520
1,777   1,800 -23
11,549   12,908 -1,359
12,551   12,516 35
13,002   13,367 -365
12,523   12,530 -7
20,648   21,871 -1,223
3,738   3,816 -78
24,617   26,063 -1,446
12,333   13,663 -1,330
13,245   13,845 -600
10,493   11,222 -729
11,631   12,049 -418
11,613   12,064 -451
27,917   28,028 -111
11,592   11,933 -341
23,662   24,764 -1,102
14,159   14,306 -147
9,459   9,797 -338
12,682   13,126 -444
8,640   9,204 -564
27,695   28,109 -414
11,834   11,688 146
28,740   34,374 -5,634
27,868   32,571 -4,703
34,691   39,233 -4,542
27,257   28,706 -1,449
10,893   11,885 -992
16,139   16,566 -427
20,788   21,412 -624
11,867   11,855 12
5,814   5,860 -46
42,032   41,384 648
10,070   9,997 73
12,595   13,622 -1,027
13,491   13,426 65
2,929   2,973 -44
8,788   9,047 -259
11,644   13,629 -1,985
17,474   13,550 3,924
17,366   15,258 2,108
8,637   7,815 822
17,028   15,218 1,810
29,354   22,670 6,684
29,883   27,273 2,610
92,362   80,867 11,495
18,815   17,876 939
21,072   18,360 2,712
8,953   7,205 1,748
71,426   68,488 2,938
85,972   68,882 17,090
84,454   67,835 16,619
86,494   86,121 373
68,994   55,017 13,977
150,554   150,600 -46
26,644   22,057 4,587
579   449 130
207,681   211,448 -3,767
39,828   41,010 -1,182
144,380   150,046 -5,666
43,777   39,622 4,155
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
      24,535
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        
b       -13
c       -2,421
d        
e        
      -1,205
      -639
       
      -61
       
      -366
      48
      -779
      118
      -402
      -319
      136
      -262
      -292
      -2
      -373
      -52
      -194
      -260
      -1,310
      -701
      -889
      -741
      -64
      -5
      -1,784
      -11
      -2,439
      42
      -2,304
      14
      233
      -1,836
      -468
      27
       
      315
      -1,689
      -1,072
      -281
      107
      -304
      -92
      -1,498
      295
      -1,150
      -950
      368
      -2,001
      -766
      -21
      -1,464
      -7
      -2,084
      -28
      391
      520
      -23
      -1,359
      35
      -365
      -7
      -1,223
      -78
      -1,446
      -1,330
      -600
      -729
      -418
      -451
      -111
      -341
      -1,102
      -147
      -338
      -444
      -564
      -414
      146
      -5,634
      -4,703
      -4,542
      -1,449
      -992
      -427
      -624
      12
      -46
      648
      73
      -1,027
      65
      -44
      -259
      -1,985
      3,924
      2,108
      822
      1,810
      6,684
      2,610
      11,495
      939
      2,712
      1,748
      2,938
      17,090
      16,619
      373
      13,977
      -46
      4,587
      130
      -3,767
      -1,182
      -5,666
      4,155
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 45,367
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 1,854
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 1,854
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 1,854
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 10,156
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,156
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,302
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,856 Refundedright arrow 11 6,446
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowTRUIST BANK Telephone no.right arrow (919) 716-9314

Located atright arrowPO BOX 919798ORLANDOFL ZIP+4right arrow328919798
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)
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)
 
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
 
No
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)
Yes
 
(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
 
No
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
TRUIST BANK LEAD TRUSTEE
1 		25,165    
PO BOX 919798
ORLANDO,FL328919798
RAY WARREN TRUSTEE
1 		0    
434 FAYETTEVILLE ST 11TH FL
RALEIGH,NC27601
RICK CLAYTON TRUSTEE
1 		0    
434 FAYETTEVILLE ST 11TH FL
RALEIGH,NC27601
TAYLOR GREG POTTER TRUSTEE
1 		0    
434 FAYETTEVILLE ST 11TH FL
RALEIGH,NC27601
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 arrow  
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
3,735,429
b
Average of monthly cash balances.......................
1b
137,427
c
Fair market value of all other assets (see instructions)................
1c
19,146
d
Total (add lines 1a, b, and c).........................
1d
3,892,002
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
3,892,002
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
58,380
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,833,622
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
191,681
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
191,681
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,854
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,854
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
189,827
4
Recoveries of amounts treated as qualifying distributions................
4
2,250
5
Add lines 3 and 4............................
5
192,077
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
192,077
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
150,236
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
150,236
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 7 192,077
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 147,397
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 150,236
a Applied to 2023, but not more than line 2a 147,397
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..... 2,839
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 .......... 		189,238
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
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 e-mail address of the person to whom applications should be addressed:
MICHELLE MCNAMARA
434 FAYETTEVILLE ST FL 11
RALEIGH,NC276012902
(919) 716-9314
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUEST
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SUPPORT FOR ANY CORPORATION, COMMUNITY CHEST, FUND, FOUNDATION, OR SIMILAR ENTITY ORGANIZED AND OPERATED EXCLUSIVELY FOR EXEMPT RELIGIOUS EDUCATIONAL OR SCIENTIFIC PURPOSES UNDER CODE SECTION 501(C)(3).
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

WAYNE COMMUNITY FOUNDATION TRUST

PO BOX 8002
GOLDSBORO,NC275338002 		NONE PC GENERAL OPERATING 5,100

BRUNSWICK TECHNICAL COLLEGE FDN

PO BOX 30
SUPPLY,NC28462 		NONE PC GENERAL OPERATING 5,100

WAKE TECHNICAL COMMUNITY COLLEGE
FOUNDATION INC
9101 FAYETTEVILLE RD
RALEIGH,NC27603 		NONE PC GENERAL OPERATING 5,100

SICOLA DANIAIL
C/O OKLAHOMA CITY UNIVERSITY
2501 N BLACKWELDER AVE
OKLAHOMA CITY,OK73106 		NONE I SCHOLARSHIP 4,500

HYLTON SAMI
C/O COLLEGE OF CHARLESTON
66 GEORGE ST
CHARLESTON,SC29424 		NONE I SCHOLARSHIP 4,500

BROWN HUNTER
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RALEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

JOHNSON JOSIAH
C/O WINSTON SALEM STATE UNIVERSITY
601 S MARTIN LUTHER KING JR DR
WISTONSALEM,NC27110 		NONE I SCHOLARSHIP 4,500

HALL DALIYAH
C/O UNC/ GREENSBORO
1400 SPRING GARDEN ST
GREENSBORO,NC27412 		NONE I SCHOLARSHIP 4,500

PLACE CARRISSA
C/O JOHNSTON COMMUNITY COLLEGE
245 COLLEGE ROAD
SMITHFIELD,NC275772350 		NONE I SCHOLARSHIP 4,500

JONES LEXI
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RELEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

NORTON RYAN
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RALEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

KEYES KAIYA
C/O HAMPTON UNIVERSITY
100 EAST QUEEN STREET
HAMPTON,VA23668 		NONE I SCHOLARSHIP 4,500

GOURLEY ANNA
C/O EAST CAROLINA UNIVERSITY
1000 E FIFTH ST
GREENVILLE,NC27858 		NONE I SCHOLARSHIP 4,500

BUNCH MADISON
C/O UNC/ CHAPEL HILL
200 E CAMERON AVE
CHAPEL HILL,NC27599 		NONE I SCHOLARSHIP 4,500

ORTIZ EDGAR
C/O EMBRY-RIDDLE AERONAUTICAL UNIVERSITY
600 S CLYDE MORRIS BLVD
DAYTONA BEACH,FL321143900 		NONE I SCHOLARSHIP 4,500

EVERETTE KYRA
C/O WESTERN CAROLINA UNIVERSITY
225 BIRD BUILDING
CULLOWHEE,NC287239646 		NONE I SCHOLARSHIP 4,500

ESKRIDGE SARAH
C/O UNC/ CHAPEL HILL
200 E CAMERON AVE
CHAPEL HILL,NC27599 		NONE I SCHOLARSHIP 4,500

MAHESH SANJANA
C/O UNC/ CHAPEL HILL
200 E CAMERON AVE
CHAPEL HILL,NC27599 		NONE I SCHOLARSHIP 4,500

NYAGA STACY
C/O UNC/ CHAPEL HILL
200 E CAMERON AVE
CHAPEL HILL,NC27599 		NONE I SCHOLARSHIP 4,500

RAWLS KAYDRA
C/O UNC/ CHAPEL HILL
200 E CAMERON AVE
CHAPEL HILL,NC27599 		NONE I SCHOLARSHIP 4,500

DYER DALE
C/O UNION UNIVERSITY
1050 UNION UNIVERSITY DRIVE
JACKSON,TN38305 		NONE I SCHOLARSHIP 4,500

LEE KENNEDY
C/O UNC/ CHARLOTTE
9201 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		NONE I SCHOLARSHIP 4,500

MANN SILAS
C/O BELMONT UNIVERSITY
1900 BELMONT BLVD
NASHVILLE,TN37212 		NONE I SCHOLARSHIP 4,500

CORCORAN KEIRA
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RELEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

HILL ALANA
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RELEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

RICHARDSON LANDON
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RELEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

WHITING AARON
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RELEIGH,NC27695 		NONE I SCHOLARSHIP 4,500

FISHER JOSEPH
C/O NORTH CAROLINA STATE UNIVERSITY
20 WATAUGA CLUB DRIVE
RELEIGH,NC27695 		NONE I SCHOLARSHIP 4,500
Total .................................right arrow 3a 127,800
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		         
4 Dividends and interest from securities ....     14 101,971  
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 45,367  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    15 86  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   147,424  
13Total. Add line 12, columns (b), (d), and (e)..................
13
147,424
(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

TY 2024 AccountingFeesSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

TY 2024 InvestmentsCorpBondsSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Name of Bond End of Year Book Value End of Year Fair Market Value
74441R607 PGIM SHORT-TERM CORP    
3135G0K36 FEDERAL NATIONAL MOR    
3135G0ZR7 FEDERAL NATIONAL MOR    
9128282A7 UNITED STATES TREASU    
9128283W8 UNITED STATES TREASU    
9128285T3 UNITED STATES TREASU    
9128286A3 UNITED STATES TREASU    
9128286Z8 UNITED STATES TREASU    
912828D56 UNITED STATES TREASU    
912828R36 UNITED STATES TREASU    
912828V98 UNITED STATES TREASU    
9128284N7 UNITED STATES TREASU    
9128285M8 UNITED STATES TREASU    
347622CW0 FORT LAUDERDALE FLOR    
68609TJU3 OREGON STATE    
717096AM3 PFLUGERVILLE TEXAS I    
00287YBF5 ABBVIE INC    
025537AJ0 AMERICAN ELECTRIC PO    
035240AQ3 ANHEUSER-BUSCH INBEV    
05526DBB0 BAT CAPITAL CORP    
06051GGA1 BANK OF AMERICA CORP    
126650DE7 CVS HEALTH CORP    
14040HBF1 CAPITAL ONE FINANCIA    
22822VAR2 CROWN CASTLE INTL CO    
313747BA4 FEDERAL REALTY INVT    
38141GXG4 GOLDMAN SACHS GROUP    
49326EEJ8 KEYCORP    
49456BAP6 KINDER MORGAN INC    
6174468C6 MORGAN STANLEY    
67066GAF1 NVIDIA CORP    
723787AT4 PIONEER NAT RES CO    
913017CY3 UNITED TECHNOLOGIES    
95000U2G7 WELLS FARGO & COMPAN    
606822AN4 MITSUBISHI UFJ FINL    
822582CD2 SHELL INTERNATIONAL    
25470DAR0 DISCOVERY COMMUNICAT    
31620RAK1 FIDELITY NATL FINANC    
5445872S6 LOS ANGELES CALIFORN    
69121KAG9 OWL ROCK CAPITAL COR    
74460DAH2 PUBLIC STORAGE    
78016EYH4 ROYAL BANK CANADA    
912828XB1 UNITED STATES TREASU    
91282CCB5 UNITED STATES TREASU    
91282CDJ7 UNITED STATES TREASU    
06406RBP1 BANK OF NY MELLON CO    
13063DGB8 CALIFORNIA STATE    
26441CBT1 DUKE ENERGY CORP    
3135G05Q2 FEDERAL NATIONAL MOR    
797412DR1 SAN DIEGO CNTY CALIF    
9128283F5 UNITED STATES TREASU    
9128284V9 UNITED STATES TREASU    
912828M56 UNITED STATES TREASU    
912828Z94 UNITED STATES TREASU    
912828ZW3 UNITED STATES TREASU    
91282CCS8 UNITED STATES TREASU    
91282CDY4 UNITED STATES TREASU    
91282CEM9 UNITED STATES TREASU    
91282CEP2 UNITED STATES TREASU    
91282CFF3 UNITED STATES TREASU    
91282CFV8 UNITED STATES TREASU    
00914AAR3 ARI LEASE CORP    
037833DU1 APPLE INC    
316773DJ6 FIFTH THIRD BANCORP    
419792ZQ2 HAWAII STATE    
37045XEG7 GENERAL MOTORS FINL    
46647PBU9 JPMORGAN CHASE & CO    
78409VBK9 S&P GLOBAL INC    
808513CJ2 CHARLES SCHWAB CORP    
912828U24 UNITED STATES TREASU    
912810FG8 UNITED STATES TREASU    
91282CHK0 UNITED STATES TREASU    
91282CJZ5 UNITED STATES TREASU    
91282CHT1 UNITED STATES TREASU    
928563AC9 VMWARE INC    
94106LBU2 WASTE MANAGEMENT INC    
67103HAJ6 OREILLY AUTOMOTIVE I    
693475BT1 PNC FINANCIAL SERVIC    
87264ABD6 T-MOBILE USA INC    
89546RRG1 TRI-CNTY OREGON MET    
5741925E6 MARYLAND STATE    
464287226 ISHARES CORE US AGGR 511,212 519,673
464287432 ISHARES 20 YEAR TREA 295,187 310,380

TY 2024 InvestmentsOtherSchedule2
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
00771X419 GQG PARTNERS EMERGIN      
04314H857 ARTISAN INTERNATIONA AT COST 103,530 117,643
19247U106 COHEN & STEERS INSTI AT COST 65,173 76,487
233203843 DFA US SMALL CAP POR AT COST 79,296 93,667
256210105 DODGE & COX INCOME F AT COST 710,934 726,573
277902235 EATON VANCE ATLANTA AT COST 117,146 131,624
38147N269 GOLDMAN SACHS GQG PA      
41664T669 HARTFORD DIVIDEND & AT COST 166,813 183,034
464287200 ISHARES CORE S&P 500 AT COST 504,502 671,670
464287408 ISHARES S&P 500 VALU AT COST 111,419 126,602
46653M849 JOHCM INTERNATIONAL AT COST 76,671 83,297
543488845 LOOMIS SAYLES GROWTH      
92206C680 VANGUARD RUSSELL 100 AT COST 243,420 319,459
464287457 ISHARES BARCLAYS 1-3 AT COST 248,506 250,752
921943858 VANGUARD FTSE DEVELO AT COST 83,860 82,887
922042858 VANGUARD FTSE EMERGI AT COST 43,686 42,672
87283A102 T. ROWE PRICE QM US AT COST 27,084 24,313

TY 2024 OtherAssetsSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
VL0029553 10588 FALLS OF NEUSE 400 400 90,000


TY 2024 OtherDecreasesSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Description Amount
2024 TRANSACTION POSTED IN 2025 475
COST BASIS ADJUSTMENT 702


TY 2024 OtherExpensesSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE EXPENSE ON NON-REN 522 522   0


TY 2024 OtherIncomeSchedule2
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 86 86  


TY 2024 OtherIncreasesSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Description Amount
ACCRUED INTEREST 464
2023 TRANSACTION POSTED IN 2024 432
RECOVERY OF PRIOR YEAR GRANTS 2,250


TY 2024 OtherProfessionalFeesSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 8,353     8,353


TY 2024 TaxesSchedule
Name:
WILLIAM GASTON ALLEN FOUNDATION TR
EIN:
35-7201867
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE 14,512 0   0
FEDERAL ESTIMATES - PRINCIPAL 5,078 0   0
FOREIGN TAXES ON QUALIFIED FOR 387 387   0
FOREIGN TAXES ON NONQUALIFIED 19 19   0