GEORGE W AND RUTH R BAXTER FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- GEORGE W AND RUTH R BAXTER FOUNDATION INC (EIN 56-0949547)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-14
- IRS object ID
- 202101349349102285
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-14T14:54:01-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 650 S TRYON ST SUITE 1800 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560949547 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGE W & RUTH R BAXTER FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEOR | BusinessNameControlTxt |
| Phone | 7043653806 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2115 REXFORD ROAD NO 211 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28211 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NOLAN D PACE JR | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 7043653806 | PhoneNum |
| Signature | 2021-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NOLAN | PersonFirstNm |
| Person Last | PACE JR | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATHARINE C LOIACONO | PreparerPersonNm |
| PTIN | P01305930 | PTIN |
| Phone | 7048871500 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $23,513,249 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $12 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $12 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $386,171 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $386,171 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $442,000 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,269,828 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $442,000 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $828,183 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $828,183 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $185,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $32,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $152,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $5,726 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,432 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $4,295 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,250 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,313 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $3,938 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $35,184 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,695 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $33,038 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $8,260 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $24,779 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $129,587 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $122,664 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $6,922 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $393,785 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $173,864 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $192,434 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $852,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $852,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,245,785 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $173,864 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,044,434 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$417,602 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $654,319 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $687,506 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $500,154 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $500,154 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $16,055,268 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $15,818,614 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $23,013,095 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $16,742,774 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,318,768 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $23,513,249 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $16,742,774 | RetainedEarningBOYAmt |
| Retained Earning EOY | $16,318,768 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,742,774 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $16,318,768 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,742,774 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $16,318,768 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,742,774 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$417,602 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $16,325,172 | SubtotalAmt |
| Other Decreases | $6,404 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $16,318,768 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $4,108,365 | $3,827,828 | $280,537 | $280,537 |
| CAPITAL GAINS DISTRIBUTIONS | $161,463 | $161,463 | $161,463 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $442,000 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $442,000 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9,095 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $9,095 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $9,095 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $19,240 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $19,240 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,145 | OverpaymentAmt |
| Applied To ES Tax | $10,145 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | NOLAN D PACE JR | IndividualWithBooksNm |
| Phone | 7043653806 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BAXTER FOUNDATION-2115 REXFORD ROAD | AddressLine1Txt |
| Address Line2 | SUITE 211 | AddressLine2Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28211 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| NOLAN D PACE JR | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | CHAIRMAN | 25.00 | $120,000 | $0 | $0 |
| MARK B EDWARDS | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | DIRECTOR/SECRETARY | 12.00 | $25,000 | $0 | $0 |
| G STEVEN BAXTER SR | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | DIRECTOR | 3.00 | $15,000 | $0 | $0 |
| BARBARA S GROTZKE | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | DIRECTOR | 3.00 | $10,000 | $0 | $0 |
| EMILY E PACE | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | DIRECTOR | 1.00 | $5,000 | $0 | $0 |
| ANDREW D PACE | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | DIRECTOR | 1.00 | $5,000 | $0 | $0 |
| MARK BARE | ||||||||
| 2115 REXFORD RD STE 211 | CHARLOTTE | NC | 28211 | DIRECTOR | 1.00 | $5,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $20,850,281 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $685,449 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $21,535,730 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $21,535,730 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $323,036 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,212,694 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,060,635 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,060,635 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,095 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,095 | TotalTaxAmt |
| Distributable Before Adj | $1,051,540 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,051,540 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,051,540 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,044,434 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,044,434 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,044,434 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,051,540 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $798,345 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,044,434 | QualifyingDistributionsAmt |
| Applied To Year1 | $798,345 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $246,089 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $805,451 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (38 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AGAPE DENTAL MINISTRY | |||||||
| 7839 IDLEWILD ROAD CHARLOTTE | CHARLOTTE | NC | 28212 | N/A | PUBLIC CHARITY | MEDICAL, DENTAL CARE FOR NEEDY | $15,000 |
| ASSISTANCE LEAGUE OF CHARLOTTE | |||||||
| P O BOX 471112 | CHARLOTTE | NC | 28247 | N/A | PUBLIC CHARITY | CIVIC, SUPPORT FOR CHILDREN IN POVERTY | $10,000 |
| CAROLINA BREAST FRIENDS | |||||||
| 1607 E MOREHEAD ST | CHARLOTTE | NC | 28207 | N/A | PUBLIC CHARITY | MEDICAL, FREE SCREENING | $5,000 |
| CHARLOTTE BRIDGE HOME | |||||||
| 1512 E 4TH ST | CHARLOTTE | NC | 28204 | N/A | PUBLIC CHARITY | CIVIC, PROVIDES SUPPORT FOR VETERANS AND THEIR FAMILIES | $20,000 |
| CHARLOTTE SPEECH AND HEARING CENTER | |||||||
| 741 KENILWORTH AVE STE 100 | CHARLOTTE | NC | 28204 | N/A | PUBLIC CHARITY | MEDICAL, HEARING AID BANK | $20,000 |
| CLASSROOM CENTRAL | |||||||
| 2116 WILKINSON BLVD | CHARLOTTE | NC | 28202 | N/A | PUBLIC CHARITY | EDUCATIONAL; SCHOOL SUPPLIES | $25,000 |
| COMMUNITIES IN SCHOOLS | |||||||
| 601 E 5TH ST | CHARLOTTE | NC | 28202 | N/A | PUBLIC CHARITY | EDUCATIONAL; HELPS KEEP KIDS IN SCHOOL | $20,000 |
| COMMUNITY PRESBYTERIAN CHURCH | |||||||
| P O BOX 1449 | PINEHURST | NC | 28370 | N/A | PUBLIC CHARITY | RELIGIOUS, SUPPORT MEDICAL MISSIONS | $20,000 |
| CRISIS ASSISTANCE MINISTRY | |||||||
| 500-A SPRATT ST | CHARLOTTE | NC | 28206 | N/A | PUBLIC CHARITY | CIVIC, FINANCIAL ASSISTANCE FOR LOW INCOME | $20,000 |
| CROSSNORE SCHOOL | |||||||
| PO BOX 249 | CROSSNORE | NC | 28616 | N/A | PUBLIC CHARITY | EDUCATIONAL, CHILD SERVICES & FOSTER CARE | $20,000 |
| FIRST HEALTH FOUNDATION | |||||||
| 150 APPLECROSS RD | PINEHURST | NC | 28374 | N/A | PUBLIC CHARITY | MEDICAL, HOSPICE SUPPORT | $25,000 |
| FLETCHER SCHOOL | |||||||
| 8500 SARDIS RD | CHARLOTTE | NC | 28270 | N/A | PUBLIC CHARITY | EDUCATIONAL, CHILDREN WITH LEARNING DISABILITIES | $5,000 |
| FRIEND TO FRIEND | |||||||
| POST OFFICE BOX 1508 | CATHAGE | NC | 28327 | N/A | PUBLIC CHARITY | CIVIC, ASSIST SURVIVORS OF DOMESTIC AND SEXUAL ABUSE | $25,000 |
| FRIENDSHIP TRAYS | |||||||
| 2401 DISTRIBUTION ST A | CHARLOTTE | NC | 28203 | N/A | PUBLIC CHARITY | CIVIC, DELIVER MEALS TO ELDERLY | $30,000 |
| HEART MATH TUTORING | |||||||
| POST OFFICE BOX 30623 | CHARLOTTE | NC | 28230 | N/A | PUBLIC CHARITY | EDUCATIONAL; PROVIDES MATH TUTORS IN SCHOOLS | $35,000 |
| HEINEMAN MEDICAL RESEARCH INC | |||||||
| 1001 BLYTHE BLVD UNIT 604 | CHARLOTTE | NC | 28203 | N/A | PUBLIC CHARITY | MEDICAL; LOCAL AND INTERNATIONAL HUMANITARIAN PROJECTS | $50,000 |
| HOSPICE PALLIATIVE CARE - CHARLOTTE | |||||||
| P O BOX 470408 | CHARLOTTE | NC | 28247 | N/A | PUBLIC CHARITY | MEDICAL, REGIONAL HOSPICE CARE | $20,000 |
| LOAVES AND FISHES | |||||||
| 648 GRIFFITH RD SUITE B | CHARLOTTE | NC | 28217 | N/A | PUBLIC CHARITY | CIVIC, PROVIDE FOOD FOR HUNGRY | $75,000 |
| LYNWOOD FOUNDATION | |||||||
| 400 HERMITAGE RD | CHARLOTTE | NC | 28207 | N/A | PUBLIC CHARITY | CIVIC, SCHOLARSHIP FUND | $10,000 |
| MATTHEWS FREE MEDICAL CLINIC | |||||||
| 196 S TRADE ST | MATTHEWS | NC | 28105 | N/A | PUBLIC CHARITY | MEDICAL, FREE MEDICAL CARE TO LOW INCOME AND UNINSURED | $10,000 |
| MEDASSIST NC | |||||||
| 4428 TAGGART CREEK RD 101 | CHARLOTTE | NC | 28208 | N/A | PUBLIC CHARITY | MEDICAL, FREE MEDICATION TO LOW INCOME AND UNINSURED | $55,000 |
| MOORE COUNTY FREE & CHARITABLE CLINIC | |||||||
| 211 TRIMBLE PLANT RD | SOUTHERN PINES | NC | 28387 | N/A | PUBLIC CHARITY | MEDICAL, FREE MEDICAL CARE TO LOW INCOME AND UNINSURED | $20,000 |
| MYERS PARK TRADITIONAL SCHOOL PTA | |||||||
| 2132 RADCLIFFE AVENUE | CHARLOTTE | NC | 28207 | N/A | PUBLIC CHARITY | EDUCATION, FAMILY ASSISTANCE DURING PANDEMIC | $2,000 |
| MYERS PARK UNITED METHODIST CHURCH | |||||||
| P O BOX 6161 | CHARLOTTE | NC | 28207 | N/A | PUBLIC CHARITY | RELIGIOUS, WALTER H. BALL FUND, MUSICAL PROGRAM | $40,000 |
| PATRIOT FOUNDATION | |||||||
| PO BOX 5069 | PINEHURST | NC | 28374 | N/A | PUBLIC CHARITY | CIVIC, SUPPORT FOR MILITARY FAMILIES | $25,000 |
| PAT'S PLACE CHILD ADVOCACY CENTER | |||||||
| 901 EAST BLVD | CHARLOTTE | NC | 28203 | N/A | PUBLIC CHARITY | CIVIC, SUPPORT FOR ABUSED CHILDREN | $25,000 |
| RICHMOND COUNTY HOSPICE | |||||||
| 1119 US-1 | ROCKINGHAM | NC | 28379 | N/A | PUBLIC CHARITY | MEDICAL, REGIONAL HOSPICE CARE | $15,000 |
| SALVATION ARMY | |||||||
| P O BOX 241808 | CHARLOTTE | NC | 28224 | N/A | PUBLIC CHARITY | CIVIC, RAPID REHOUSING CLERICAL FUND | $50,000 |
| SAMARITAN'S COLONY | |||||||
| ROUTE 2 BOX 151A | ROCKINGHAM | NC | 28379 | N/A | PUBLIC CHARITY | CIVIC, TREATMENT FOR ADDICTION | $15,000 |
| SANDHILLS BOYS & GIRLS CLUB | |||||||
| P O BOX 1761 | SOUTHERN PINES | NC | 28388 | N/A | PUBLIC CHARITY | CIVIC, SCHOLARSHIP FUND | $10,000 |
| SANDHILLS CLASSICAL CHRISTIAN SCHOOL | |||||||
| 1487 RAYS BRIDGE RD | WHISPHERING PINES | NC | 28327 | N/A | PUBLIC CHARITY | EDUCATION, PLAYGROUND FOR NEW SCHOOL | $15,000 |
| SECOND HARVEST FOOD BANK | |||||||
| 500 SPRATT ST B | CHARLOTTE | NC | 28206 | N/A | PUBLIC CHARITY | CIVIC, PROVIDE FOOD FOR HUNGRY | $50,000 |
| SHELTER HEALTH SERVICES | |||||||
| 534 SPRATT ST | CHARLOTTE | NC | 28206 | N/A | PUBLIC CHARITY | MEDICAL, FREE HEALTHCARE AND EDUCATION TO HOMELESS | $15,000 |
| SHEPHERD'S CENTER OF CHARLOTTE INC | |||||||
| 3115 PROVIDENCE RD | CHARLOTTE | NC | 28211 | N/A | PUBLIC CHARITY | CIVIC, SENIOR SERVICES | $10,000 |
| SMITH MEDICAL CLINIC INC | |||||||
| P O BOX 1740 | PAWLEYS ISLAND | SC | 29585 | N/A | PUBLIC CHARITY | MEDICAL, PROVIDE FREE MEDICAL CARE | $10,000 |
| SOLUTIONS FOR ANIMALS INC | |||||||
| P O BOX 2062 | SOUTHERN PINES | NC | 28388 | N/A | PUBLIC CHARITY | CIVIC, ADOPTION AND RESCUE OF HOMELESS ANIMALS | $10,000 |
| ST JUDE'S CHILDREN'S RESEARCH HOSPITAL | |||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 38105 | N/A | PUBLIC CHARITY | MEDICAL, FREE CHILDHOOD CANCER CARE | $15,000 |
| YWCA | |||||||
| 3420 PARK ROAD | CHARLOTTE | NC | 28209 | N/A | PUBLIC CHARITY | CIVIC, SUPPORT FOR DOMESTIC AND SEXUAL VIOLENCE VICTIMS | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $852,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $386,171 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $442,000 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $828,183 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $828,183 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DELOITTE TAX, LLP | CategoryTxt |
| Amt | $5,250 | Amt |
| Net Investment Income | $1,313 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $3,938 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (39 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BBH LIMITED DURATION FUND CL | AT COST | $2,176,044 | $2,216,253 |
| BBH INCOME FUND I | AT COST | $3,300,520 | $3,511,467 |
| AKRE FOCUS FUND SUPRA INST | AT COST | $2,650,000 | $5,209,098 |
| AMAZON.COM INC | AT COST | $218,713 | $224,728 |
| BOOKING HOLDINGS INC COM STK | AT COST | $92,535 | $113,590 |
| BROWN-FORMAN CORP CLASS B COMMON STOCK | AT COST | $104,488 | $178,241 |
| DOLLAR GENERAL CORP COM STK | AT COST | $59,345 | $124,498 |
| NIKE INC CL B | AT COST | $98,212 | $174,715 |
| STARBUCKS CORP | AT COST | $102,261 | $120,032 |
| COLGATE PALMOLIVE CO | AT COST | $102,028 | $138,099 |
| COSTCO WHOLESALE CORP | AT COST | $61,610 | $107,759 |
| DIAGEO PLC-SPONSORED ADR | AT COST | $123,688 | $164,210 |
| NESTLE S A SPONS ADR | AT COST | $52,173 | $107,787 |
| BERKSHIRE HATHAWAY INC-CL B | AT COST | $114,620 | $338,530 |
| ARTHUR J GALLAGHER & CO | AT COST | $186,455 | $253,606 |
| PROGRESSIVE CORP OHIO | AT COST | $91,389 | $123,106 |
| BAXTER INTL INC | AT COST | $139,935 | $146,839 |
| HENRY SCHEIN INC COM STK | AT COST | $94,561 | $148,764 |
| THERMO FISHER SCIENTIFIC INC | AT COST | $104,562 | $111,787 |
| ZOETIS INC COM STK | AT COST | $46,980 | $267,614 |
| PERRIGO CO PLC COM STK | AT COST | $157,260 | $76,874 |
| ALCON INC COM STK | AT COST | $160,905 | $213,775 |
| COPART INC COM STK | AT COST | $97,553 | $247,501 |
| GRACO INC COMMON STOCK | AT COST | $53,818 | $56,433 |
| AO SMITH CORP COM STK | AT COST | $122,279 | $149,933 |
| WASTE MANAGEMENT INC | AT COST | $26,394 | $96,703 |
| ALLEGION PLC-COM STK | AT COST | $99,445 | $140,820 |
| FLEETCOR TECHNOLOGIES INC COM STK | AT COST | $87,537 | $198,620 |
| KLA CORPORATION | AT COST | $51,266 | $133,856 |
| MASTERCARD INCORPORATED | AT COST | $188,767 | $263,422 |
| ORACLE CORP | AT COST | $109,484 | $190,512 |
| VISA INC- CL.A SHARES | AT COST | $97,474 | $108,709 |
| CELANESE CORP COM STK | AT COST | $43,754 | $152,030 |
| LINDE PLC COM STK | AT COST | $162,203 | $249,017 |
| ALPHABET INC CL C | AT COST | $59,119 | $364,391 |
| COMCAST CORP CL A | AT COST | $37,685 | $153,794 |
| CLARKSTON SERIES TRUST CLARKSTON PARTNERS FUND FOUNDERS CL | AT COST | $1,500,000 | $2,192,293 |
| BBH PARTNER FUND - INTERNATIONAL EQUITY | AT COST | $2,318,220 | $3,461,402 |
| GQG PART EMERG MKTS EQ-INST | AT COST | $525,332 | $782,287 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER DECREASES - TIMING DIFFERENCES | Desc |
| Amt | $6,404 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OFFICE UTILITIES, INTERNET, SUPPLIES | $4,450 | $1,113 | $0 | $3,337 |
| INVESTMENT EXPENSES | $120,610 | $120,610 | $0 | $0 |
| PRINTING EXPENSES | $722 | $181 | $0 | $541 |
| MISCELLANEOUS ADMINISTRATIVE EXPENSES | $2,964 | $741 | $0 | $2,222 |
| EXPONENT PHILANTHROPY | $765 | $0 | $0 | $765 |
| BANK FEES/ SAFE DEPOSIT BOX | $76 | $19 | $0 | $57 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES PAID | $7,695 | $7,695 | $0 | $0 |
| 2020 FEDERAL ESTIMATED TAXES PAID | $19,240 | $0 | $0 | $0 |
| 2019 FED TAXES | $8,249 | $0 | $0 | $0 |
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