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 07-01-2024 , and ending 06-30-2025
Name of foundation
CAPE FEAR MEMORIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)240 RACINE DRIVE SUITE 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, NC28403
A Employer identification number

56-1974747
B Telephone number (see instructions)

(910) 452-0611
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$74,732,622J 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... 1,383,117 1,383,117  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,381,973
b Gross sales price for all assets on line 6a 7,261,909
7 Capital gain net income (from Part IV, line 2)... 3,381,973
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,293 6,293  
12 Total. Add lines 1 through 11........ 4,771,383 4,771,383  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 170,056 17,006   153,050
14 Other employee salaries and wages...... 156,888 15,689   141,199
15 Pension plans, employee benefits....... 13,235 1,323   11,911
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,000 800   7,200
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
179,368 179,368   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
64,359 865   0
19 Depreciation (attach schedule) and depletion... 12,568 0  
20 Occupancy.............. 48,349 4,835   43,515
21 Travel, conferences, and meetings....... 14,127 0   14,127
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
65,040 13,936   51,103
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 731,990 233,822   422,105
25 Contributions, gifts, grants paid....... 3,236,000 2,906,000
26 Total expenses and disbursements. Add lines 24 and 25 3,967,990 233,822   3,328,105
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 803,393
b Net investment income (if negative, enter -0-) 4,537,561
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............. 58,204 357,258 357,258
2 Savings and temporary cash investments......... 147,073 209,878 209,878
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)....... 54,218,587 Click to see attachment
List of Attached Documents:
// Content
58,471,157 		58,471,157
c Investments—corporate bonds (attach schedule)....... 12,936,640 Click to see attachment
List of Attached Documents:
// Content
13,859,362 		13,859,362
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).......... 1,762,659 Click to see attachment
List of Attached Documents:
// Content
1,701,728 		1,701,728
14 Land, buildings, and equipment: basis right arrow82,033
Less: accumulated depreciation (attach schedule) right arrow51,472 43,130 30,561 30,561
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
135,321 		Click to see attachment
List of Attached Documents:
// Content
102,678 		Click to see attachment
List of Attached Documents:
// Content
102,678
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,301,614 74,732,622 74,732,622
Liabilities 17 Accounts payable and accrued expenses.......... 50,559 62,290
18 Grants payable................. 610,000 940,000
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
137,580 		Click to see attachment
List of Attached Documents:
// Content
105,963
23 Total liabilities (add lines 17 through 22)......... 798,139 1,108,253
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........... 68,503,475 73,624,369
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)..... 68,503,475 73,624,369
30 Total liabilities and net assets/fund balances (see instructions). 69,301,614 74,732,622
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
68,503,475
2
Enter amount from Part I, line 27a .....................
2
803,393
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,317,501
4
Add lines 1, 2, and 3 ..........................
4
73,624,369
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
73,624,369
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 LONG-TERM CAP GAINS FROM SALES OF INVESTMENTS   2018-02-07 2025-06-30
b SHORT-TERM CAP GAINS FROM SALES OF INVESTMENTS   2024-06-11 2025-06-30
c CAPITAL GAIN DISTRIBUTIONS   2024-12-13 2025-06-30
d CAPITAL LOSSES FROM K-1   2024-06-30 2025-06-30
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 2,873,462   2,335,441 538,021
b 1,572,573   1,531,599 40,974
c 2,815,874     2,815,874
d     12,896 -12,896
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       538,021
b       40,974
c       2,815,874
d       -12,896
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 3,381,973
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 63,072
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 63,072
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 63,072
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 43,946
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 34,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 78,446
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 15,374
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow15,374 Refundedright arrow 11 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowWWW.CFMFDN.ORG
14
The books are in care ofright arrowANNA ERWIN Telephone no.right arrow (910) 452-0611

Located atright arrow240 RACINE DR SUITE 201WILMINGTONNC ZIP+4right arrow28403
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)
 
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
ANNA ERWIN PRESIDENT/TREASURER
40.00 		156,250 13,806 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
GARRY GARRIS BOARD MEMBER
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
JAMES D HUNDLEY MD CHAIRMAN
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
RONALD R SINCLAIR ASSISTANT SECRETARY
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
ROBERT F WARWICK BOARD MEMBER
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
RICHARD L WOODBURY VICE CHAIRMAN
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
MOTT P BLAIR IV MD BOARD MEMBER
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
JANELLE A RHYNE MD SECRETARY
1.00 		0 0 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
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
SARA S BENTON GRANTS OFFICER
40.00 		87,836 6,479 0
240 RACINE DR SUITE 201
WILMINGTON,NC28412
DEBORAH W TATE OFFICE MANAGER
40.00 		59,375 6,556 0
240 RACINE DR SUITE 201
WILMINGTON,NC28403
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
THE MURCHISON GROUP INVESTMENT MGMT 179,368
1979 EASTWOOD ROAD SUITE 104
WILMINGTON,NC28403
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
71,087,014
b
Average of monthly cash balances.......................
1b
228,985
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
71,315,999
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
71,315,999
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,069,740
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
70,246,259
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,512,313
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
3,512,313
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
63,072
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
422
c
Add lines 2a and 2b............................
2c
63,494
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,448,819
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,448,819
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
3,448,819
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
3,328,105
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
3,328,105
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 3,448,819
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,135,687
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$ 3,328,105
a Applied to 2023, but not more than line 2a 2,135,687
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..... 1,192,418
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 .......... 		2,256,401
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 e-mail address of the person to whom applications should be addressed:
ANNA P ERWIN
240 RACINE DR SUITE 201
WILMINGTON,NC28403
(910) 452-0611
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION FORMS AND REQUEST GUIDELINES ARE AVAILABLE AT THE ABOVE ADRESS
cAny submission deadlines:
JANUARY 15 AND JULY 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS MADE ONLY TO 501 (C) (3) ORGANIZATIONS AND GOVERNMENTAL ENTITIES FOR HEALTH AND MEDICAL NEEDS IN SOUTHEASTERN NORTH CAROLINA
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

AMERICAN NATIONAL RED CROSS

431 18TH STREET NW
WASHINGTON,DC20006 		N/A PC GENERAL OPERATING SUPPORT - DISASTER RELIEF PROGRAMS 45,000

BOYS AND GIRLS CLUBS OF SOUTHEASTERN NORTH CAROLINA

140 CINEMA DRIVE UNIT H
WILMINGTON,NC28403 		N/A PC GENERAL OPERATING SUPPORT & SOCIAL EMOTIONAL WELLNESS SUPPORT 45,000

BRUNSWICK FAMILY ASSISTANCE AGENCY INC

PO BOX 1551
SHALLOTTE,NC28459 		N/A PC GENERAL OPERATING SUPPORT 75,000

BRUNSWICK PARTNERSHIP FOR HOUSING INC

250 E 11TH ST
SOUTHPORT,NC28461 		N/A PC GENERAL OPERATING SUPPORT 75,000

BRUNSWICK SENIOR RESOURCES INC

PO BOX 2470
SHALLOTTE,NC28459 		N/A PC EXERCISE EQUIPMENT 15,000

BRUNSWICK SENIOR RESOURCES INC

PO BOX 2470
SHALLOTTE,NC28459 		N/A PC KITCHEN EQUIPMENT PURCHASE - ASH FACILITY 50,000

CAPE FEAR CLINIC INC

1605 DOCTORS CIRCLE
WILMINGTON,NC28401 		N/A PC GENERAL OPERATING SUPPORT 250,000

CAPE FEAR CLINIC INC

1605 DOCTORS CIRCLE
WILMINGTON,NC28401 		N/A PC PHARMACY SERVICES SUPPORT 125,000

CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC

411 NORTH FRONT STREET
WILMINGTON,NC28401 		N/A PC DENTAL CLINIC EQUIPMENT SUPPORT 150,000

CAPE FEAR HEALTHNET

1601 DOCTORS CIRCLE
WILMINGTON,NC28401 		N/A PC ENROLLMENT & ELIGIBILITY PROGRAM 90,000

CAPE FEAR HEALTHNET

1601 DOCTORS CIRCLE
WILMINGTON,NC28401 		N/A PC SPECIALTY REFERRAL PROGRAM 55,000

CHRISTIAN COMMUNITY CARING CENTER

15200 HWY 17
HAMPSTEAD,NC28443 		N/A PC OPERATING SUPPORT - FOOD PURCHASES 25,000

COMMUNITIES IN SCHOOLS OF BRUNSWICK COUNTY INC

PO BOX 10087
SOUTHPORT,NC28461 		N/A PC ACTION FOR SUCCESS PROGRAM 25,000

COMMUNITIES IN SCHOOLS OF CAPE FEAR INC

20 N 4TH ST 213
WILMINGTON,NC28401 		N/A PC PENDER COUNTY BABY STEPS 40,000

DUPLIN COUNTY EMERGENCY MEDICAL SERVICES

209 SEMINARY STREET
KENANSVILLE,NC28349 		N/A GOV VIDEO LARYNGOSCOPES 45,000

DUPLIN COUNTY HEALTH DEPARTMENT

224 SEMINARY STREET
KENANSVILLE,NC28349 		N/A GOV CHILD HEALTH SERVICES 95,000

DUPLIN GENERAL HOSPITAL FOUNDATION INC

401 N MAIN STREET PO BOX 278
KENANSVILLE,NC28349 		N/A PC DUPLIN COLLABORATIVE CARE PROGRAM 75,000

EAST CAROLINA UNIVERSITY MEDICAL & HEALTH SCIENCES FOUNDATION INC

525 MOYE BLVD MAIL STOP 659
GREENVILLE,NC27834 		N/A PC UPDATED DENTISTRY TECHNOLOGY 56,000

FAMILY PROMISE OF THE LOWER CAPE FEAR INC

20 NORTH 4TH STREET SUITE 440
WILMINGTON,NC28401 		N/A PC GENERAL OPERATING SUPPORT 60,000

FIVE 14 REVOLUTION INC

PO BOX 15685
WILMINGTON,NC28408 		N/A PC WOMEN'S COORDINATED CARE PROGRAM 40,000

FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA AT WILMINGTON

1314 MARSTELLAR ST
WILMINGTON,NC28401 		N/A PC GENERAL OPERATING SUPPORT 60,000

GOOD SHEPHERD MINISTRIES OF WILMINGTON

811 MARTIN ST
WILMINGTON,NC28401 		N/A PC MEDICAL CLINIC SUPPORT 75,000

KIDS MAKING IT INC

617 CASTLE STREET
WILMINGTON,NC28401 		N/A PC BUILDING SUCCESS FOR OUR YOUTH: ONE KID AT A TIME 60,000

LIFECARE MEMORY PARTNERS

1414 PHYSICIANS DR
WASHINGTON,NC28401 		N/A PC BRUNSWICK COUNTY PROGRAMS SUPPORT 75,000

LOWER CAPE FEAR HOSPICE & LIFECARECENTER

1414 PHYSICIANS DR
WILMINGTON,NC28401 		N/A PC PALLIATIVE CARE EXPANSION 100,000

MOTHER HUBBARDS CUPBOARD OF WILMINGTON INC

PO BOX 76
WILMINGTON,NC28402 		N/A PC GENERAL OPERATING SUPPORT 25,000

NATIONAL SOCIETY TO PREVENT BLIND

4011 WESTCHASE BLVD SUITE 225
RALEIGH,NC27607 		N/A PC STAR PUPILS PRESCHOOL VISION SCREENING PROGRAM 30,000

NEW HANOVER COMMUNITY HEALTH CENTER INC

925 NORTH 4TH STREET
WILMINGTON,NC28401 		N/A PC EXPANSION PROJECT 200,000

NEW HANOVER COUNTY HEALTH DEPARTMENT

2029 SOUTH 17TH ST
WILMINGTON,NC28405 		N/A PC EARLY INTERVENTION COLLABORATION PROJECT 75,000

NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC

2605 IRON GATE DRIVE
WILMINGTON,NC28412 		N/A PC DIGITALLY ENABLED CARE ROOMS 110,000

NEW HOPE CLINIC INC

201 W BOILING SPRING RD
SOUTHPORT,NC28461 		N/A PC MOBILE HEALTH CLINIC 100,000

NEW HOPE CLINIC INC

201 W BOILING SPRING RD
SOUTHPORT,NC28461 		N/A PC SALARY SUPPORT 100,000

NORTH CAROLINA COMMUNITY FOUNDATION INC

3737 GLENWOOD AVENUE SUITE 460
RALEIGH,NC27612 		N/A PC NC NETWORK OF GRANTMAKERS CONFERENCE 1,000

SAFE HAVEN OF PENDER INC

PO BOX 657
BURGAW,NC28425 		N/A PC GENERAL OPERATING SUPPORT 60,000

SALVATION ARMY

PO BOX 90
WILMINGTON,NC28402 		N/A PC BUILD HOPE CAPITAL CAMPAIGN 150,000

SAMARA'S VILLAGE

1450 FIFTY LAKES DR UNIT F
SOUTHPORT,NC28461 		N/A PC GENERAL OPERATING SUPPORT 35,000

SPECIAL OLYMPICS NORTH CAROLINA INC

2200 GATEWAY CENTRE BLVD SUITE 201
MORRISVILLE,NC27560 		N/A PC HEALTH SCREENING EVENTS 4,000

ST ANDREW AME ZION CHURCH

PO BOX 1808
WILMINGTON,NC28402 		N/A PC JOHNSIE DANIELS DAVIS MEMORIAL 10,000

ST MARY DENTAL CLINIC CORP

320 SOUTH 5TH AVE
WILMINGTON,NC28401 		N/A PC GENERAL OPERATING SUPPORT 60,000

THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC

4 VANDERBILT PARK DRIVE SUITE 300
ASHEVILLE,NC28803 		N/A PC EMERGENCY AND DISASTER RESPONSE FUND - HELENE RELIEF 10,000

WILMINGTON CARENET COUNSELING CENTER

610 S COLLEGE RD
WILMINGTON,NC28403 		N/A PC BENEVOLENT SERVICES SUPPORT 50,000

YWCA OF THE LOWER CAPE FEAR INC

2815 SOUTH COLLEGE ROAD
WILMINGTON,NC28412 		N/A PC GRANDPARENT SUPPORT PROGRAM 40,000

YWCA OF THE LOWER CAPE FEAR INC

2815 SOUTH COLLEGE ROAD
WILMINGTON,NC28412 		N/A PC EMPOWERED PARENTING PROGRAM 40,000
Total .................................right arrow 3a 2,906,000
bApproved for future payment

AMERICAN NATIONAL RED CROSS
431 18TH STREET NW
WASHINGTON,DC20006 		N/A PC GENERAL OPERATING SUPPORT - DISASTER RELIEF PROGRAMS 45,000

AMERICAN NATIONAL RED CROSS
431 18TH STREET NW
WASHINGTON,DC20006 		N/A PC SICKLE CELL PROGRAM SUPPORT 40,000

BRUNSWICK SENIOR RESOURCES INC
PO BOX 2470
SHALLOTTE,NC28459 		N/A PC THE PREVIOUS YEAR'S APPROVED GRANT WAS REDUCED BY BOARD ACTION IN OCTOBER 2024. -10,000

COMMUNITIES IN SCHOOLS OF BRUNSWICK COUNTY INC
PO BOX 10087
SOUTHPORT,NC28461 		N/A PC ACTION FOR SUCCESS PROGRAM 25,000

GOOD SHEPHERD MINISTRIES OF WILMINGTON
811 MARTIN ST
WILMINGTON,NC28401 		N/A PC MEDICAL CLINIC SUPPORT 75,000

LOWER CAPE FEAR HOSPICE & LIFECARECENTER
1414 PHYSICIANS DR
WILMINGTON,NC28401 		N/A PC PALLIATIVE CARE EXPANSION 75,000

MOTHER HUBBARDS CUPBOARD OF WILMINGTON INC
PO BOX 76
WILMINGTON,NC28402 		N/A PC GENERAL OPERATING SUPPORT 25,000

NATIONAL SOCIETY TO PREVENT BLIND
4011 WESTCHASE BLVD SUITE 225
RALEIGH,NC27607 		N/A PC STAR PUPILS PRESCHOOL VISION SCREENING PROGRAM 30,000

NEW HANOVER COMMUNITY HEALTH CENTER INC
925 NORTH 4TH STREET
WILMINGTON,NC28401 		N/A PC EXPANSION PROJECT 200,000

UNCW CORPORATION
601 SOUTH COLLEGE ROAD
WILMINGTON,NC28403 		N/A PC HVAC SYSTEM FOR ANATOMY LAB 125,000
Total ................................. right arrow 3b 630,000
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 1,383,117  
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 ..... 900099 3,009 15 3,284  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,381,973  
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) .. 3,009 4,768,374 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,771,383
(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:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,000 800   7,200

TY 2024 InvestmentsCorpBondsSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN FUNDS BOND FUND OF AMERICA CLASS F2 1,381,242 1,381,242
ISHARES CORE U.S. ETF AGGREGATE BOND 3,888,640 3,888,640
ISHARES TIP BOND 165,060 165,060
METROPOLITAN WEST TOTAL RETURN BD FD CL I 1,374,849 1,374,849
PIMCO DYNAMIC BOND FUND INSTL 459,993 459,993
VANGUARD FUNDS TOTAL BOND MARKET INDEX FD ADMIRAL SHS 3,793,629 3,793,629
ALLSPRING CORE BOND FUND CLASS INSTL 1,410,739 1,410,739
ALLSPRING CORE PLUS BOND FUND CLASS INSTL 1,385,210 1,385,210

TY 2024 InvestmentsCorpStockSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Name of Stock End of Year Book Value End of Year Fair Market Value
AMCAP FUND INC CLASS F2 6,897,590 6,897,590
AMERICAN FUNDS DEVELOPING WORLD GROWTH INCOME FUND CLASS F-2 413,274 413,274
AMERICAN FUNDS EUROPACIFIC GROWTH FUND FUND CLASS F-2 6,593,732 6,593,732
AMERICAN FUNDS GROWTH FUND OF AMERICA CL F2 7,001,591 7,001,591
AMERICAN FUNDS WASHINGTON MUTUAL FD F2 15,521,597 15,521,597
BRANDES INVT TR EMERGING MKTS VALUES FD CLASS I 416,434 416,434
CENTER COAST BROOKFIELD MIDSTREAM FOCUS FUND CLASS I 236,832 236,832
FRANKLIN STRATEGIC SER SMALL-MID CAP GROWTH FD ADVISOR CL 114,959 114,959
ISHARES CORE MSCI EMERGING MARKETS 1,230,615 1,230,615
ISHARES S&P 500 ETF GROWTH IVW 1,211,100 1,211,100
PIMCO COMMODITY REAL RETURN STRAT FD INSTL CL SHS 59,442 59,442
RUSSELL INVT CO GLOBAL REAL ESTATE SECS FD CL S 181,721 181,721
RUSSELL INVT EMERGING MARKETS FUNDS CLASS S 817,647 817,647
SMALLCAP WORLD FD INC CL F2 1,355,503 1,355,503
SPDR S&P 500 TRUST 5,251,725 5,251,725
T ROWE PRICE BLUE CHIP GROWTH FUND 1,092,894 1,092,894
VANGUARD FUNDS SMALL-CAP VALUE INDEX FD ADMIRAL SHS 1,343,239 1,343,239
VANGUARD INTL EQUITY ET INDEX FDS FTSE EMERGING MKTS ETF 1,236,487 1,236,487
VANGUARD MID CAP 419,745 419,745
VANGUARD REAL ESTATE INDEX FUND VNQ 1,083,860 1,083,860
VANGUARD SMALL CAP 355,470 355,470
VANGUARD SMALL CAP GROWTH INDEX FUND ADMIRAL CLASS SHS 1,370,971 1,370,971
VANGUARD MID CAP VALUE INDEX FUND ADMIRAL SHARES 478,489 478,489
VANGUARD MID-CAP GROWTH INDEX FD CL ADMIRAL 564,854 564,854
VANGUARD EMERGING MKT STOCK INDEX FD CL AD 131,704 131,704
FIRST TR GLOBAL TACTICAL COMMODITY STRATEGY FUND FTGC 7,401 7,401
ISHARES INC MSCI EMERGING MKTS IEMG 53,985 53,985
GOLDMAN SACH FINL SQUARE TREAS OBLIGS CLASS 40,000 40,000
INVESCO DEVELOPING MARKETS FUND CLASS 84,218 84,218
MFS SER TR I VALUE FD CL I MEIIX 256,404 256,404
VANGUARD DEVELOPED MARKETS INDEX FUND ADMIRAL SHARES VTMGX 11,343 11,343
BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORT INSTL CL 666,275 666,275
VANGUARD ETF SHORT TERM INFLATION PROTECTED SECS INDEX 377,025 377,025
ALLSPRING SHORT TERM HIGH INCOME CLASS INST 47,862 47,862
PIMCO FDS INCOME FD INSTL CL PIMIX 1,545,169 1,545,169

TY 2024 InvestmentsOtherSchedule2
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GOLDMAN SACHS FINL SQUARE TREAS OBLIGS CL1 FMV 582,514 582,514
MFS SER TR S EMERGING MKTS DEBT FD CLASS I FMV 162,084 162,084
VANGUARD INFLATION PROTECTED FMV 357,954 357,954
US TREASURY INFLATION INDEX NOTES FMV 102,302 102,302
US TREASURY INFLATION INDEX BONDS FMV 298,213 298,213
SIGULAR GUFF DISTRESSED REAL ESTATE ASP FUND, LLC FMV 98,661 98,661
VISTA FMV 100,000 100,000

TY 2024 OtherAssetsSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RIGHT-OF-USE ASSET 135,321 102,678 102,678


TY 2024 OtherExpensesSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 5,684 1,137   4,547
INSURANCE EXPENSE 7,529 753   6,776
NON-DEDUCTIBLE K-1 EXPENSE 1 0   0
OFFICE EXPENSE 8,341 277   8,064
OTHER LOSSES FROM K-1 8,245 8,245   0
COMPUTER AND IT EXPENSES 35,240 3,524   31,716


TY 2024 OtherIncomeSchedule2
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
VISTA ROYALTY INCOME 3,284 3,284 3,284
SIGULER GUFF REAL ESTATE ASP FUND LLC K1 UBTI 3,009 3,009 3,009


TY 2024 OtherIncreasesSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Description Amount
UNREALIZED GAIN/LOSS ON RECORDING SECURITIES AT FAIR MARKET VALUE 4,317,501


TY 2024 OtherLiabilitiesSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Description Beginning of Year - Book Value End of Year - Book Value
SHORT-TERM LEASE LIABILITY 31,617 33,952
LONG-TERM LEASE LIABILITY 105,963 72,011


TY 2024 OtherProfessionalFeesSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 179,368 179,368   0


TY 2024 TaxesSchedule
Name:
CAPE FEAR MEMORIAL FOUNDATION
EIN:
56-1974747
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FORM 990PF TAXES 63,072 0   0
FOREIGN TAX EXPENSE 815 815   0
FEDERAL UNRELATED BUSINESS INCOME TAX 422 0   0
STATE UNRELATED BUSINESS INCOME TAX 50 50   0