<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2020v4.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2021-08-26T14:51:32-05:00</ReturnTs>
    <TaxPeriodEndDt>2020-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BDO USA LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>8401 GREENSBORO DRIVE 800</AddressLine1Txt>
        <CityNm>MCLEAN</CityNm>
        <StateAbbreviationCd>VA</StateAbbreviationCd>
        <ZIPCd>22102</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2020-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>455394566</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>CULP FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% BDO USA LLP</InCareOfNm>
      <BusinessNameControlTxt>CULP</BusinessNameControlTxt>
      <PhoneNum>7038930600</PhoneNum>
      <USAddress>
        <AddressLine1Txt>8401 Greensboro Dr 800</AddressLine1Txt>
        <CityNm>MCLEAN</CityNm>
        <StateAbbreviationCd>VA</StateAbbreviationCd>
        <ZIPCd>22102</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>HENRY LAWRENCE CULP JR</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <PhoneNum>7038930600</PhoneNum>
      <SignatureDt>2021-05-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>HENRY LAWRENCE</PersonFirstNm>
        <PersonLastNm>CULP JR</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Joan C Holtz</PreparerPersonNm>
      <PTIN>P00836429</PTIN>
      <PhoneNum>7038930600</PhoneNum>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>2</TrustedCustomerCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2020</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>21595391</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>8500</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>98394</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>98394</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>317528</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>317528</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>650100</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>7563455</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>650100</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">7052</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>215</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1081574</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1066237</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">8500</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>8500</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">85551</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>85551</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">26293</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>7310</TaxesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>120344</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>92861</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>8500</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1050000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1050000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1170344</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>92861</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1058500</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-88770</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>973376</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>221177</CashBOYAmt>
        <CashEOYAmt>344921</CashEOYAmt>
        <CashEOYFMVAmt>344921</CashEOYFMVAmt>
        <CorporateStockBOYAmt>9794254</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">8263060</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>13785756</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>5890275</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvOtherSch2">7208955</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>7464714</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>15905706</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>15816936</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>21595391</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>15905705</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>15816935</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>15905705</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>15816935</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>15905705</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>15816935</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>15905705</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-88770</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>15816935</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>15816935</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NT #6712, 4417, 8433 [SEE ATTD]</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2020-12-31</SoldDt>
          <GrossSalesPriceAmt>1066020</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1042180</CostOrOtherBasisAmt>
          <GainOrLossAmt>23756</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23840</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NT #6712, 4417, 8433 [SEE ATTD]</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-01-01</AcquiredDt>
          <SoldDt>2020-12-31</SoldDt>
          <GrossSalesPriceAmt>6497435</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5871038</CostOrOtherBasisAmt>
          <GainOrLossAmt>625191</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>626397</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>650100</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>13530</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>13530</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>13530</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>11983</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>10000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>21983</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>8453</OverpaymentAmt>
        <AppliedToESTaxAmt>8453</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>VA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd referenceDocumentId="SubsContributorsSch">false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>BDO USA LLP</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7038930600</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>8401 GREENSBORO DR 800</AddressLine1Txt>
          <CityNm>MCLEAN</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22102</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>H LAWRENCE CULP JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>8401 GREENSBORO DR 800</AddressLine1Txt>
            <CityNm>MCLEAN</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22102</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WENDY H CULP</PersonNm>
          <USAddress>
            <AddressLine1Txt>8401 GREENSBORO DR 800</AddressLine1Txt>
            <CityNm>MCLEAN</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22102</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>12730112</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>228381</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>6713032</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>19671525</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>19671525</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>295073</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>19376452</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>968823</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>968823</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>13530</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>13530</TotalTaxAmt>
        <DistributableBeforeAdjAmt>955293</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>955293</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>955293</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1058500</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>1058500</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>1058500</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>955293</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2018</PriorYear1Yr>
        <PriorYear2Yr>2017</PriorYear2Yr>
        <PriorYear3Yr>2016</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>661078</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>73995</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr1Amt>298132</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1033205</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1058500</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>955293</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>103207</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1136412</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>661078</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>475334</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>73995</ExcessFromYear3Amt>
        <ExcessFromYear1Amt>298132</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>103207</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>H LAWRENCE CULP JR</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KIT CARES INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>103 CHURCH ALLEY</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2020 GRANT FOR GENERAL OPERATING</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE POTOMAC SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1301 POTOMAC SCHOOL ROAD</AddressLine1Txt>
            <CityNm>MCLEAN</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2020 GRANT FOR GENERAL OPERATING</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HARVARD BUSINESS SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>SOLDIERS FIELD</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02163</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2020 GRANT FOR GENERAL OPERATING</GrantOrContributionPurposeTxt>
          <Amt>450000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1050000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>415922</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>650100</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>SECTION 1411 NET INVESTMENT INCOME</Desc>
          <UnrelatedBusinessTaxblIncmAmt>215</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>RECONCILING ADJUSTMENT</Desc>
          <UnrelatedBusinessTaxblIncmAmt>354</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FEDERAL TAX REFUND - APPLIED</Desc>
          <UnrelatedBusinessTaxblIncmAmt>6483</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>7052</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>1066022</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1073074</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>H LAWRENCE CULP JR WENDY CULP</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>8401 Greensboro Dr 800</AddressLine1Txt>
          <CityNm>MCLEAN</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22102</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>8500</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION FEES</CategoryTxt>
        <Amt>8500</Amt>
        <DisbursementsCharitablePrpsAmt>8500</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>NT #6712, 4417, 8433</StockNm>
        <EOYBookValueAmt>8263060</EOYBookValueAmt>
        <EOYFMVAmt>13785756</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NT #6712, 4417, 8433</CategoryOrItemTxt>
        <BookValueAmt>7208955</BookValueAmt>
        <EOYFMVAmt>7464714</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>NORTHERN TRUST #6712, 4417, 8433</Desc>
        <RevenueAndExpensesPerBooksAmt>215</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>215</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>RECONCILING ADJUSTMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>354</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FEDERAL TAX REFUND - APPLIED</Desc>
        <RevenueAndExpensesPerBooksAmt>6483</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NT #6712, 4417, 8433 - INV FEE</CategoryTxt>
        <Amt>21254</Amt>
        <NetInvestmentIncomeAmt>21254</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NT #6712, 4417, 8433 - INV FEE</CategoryTxt>
        <Amt>64297</Amt>
        <NetInvestmentIncomeAmt>64297</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubsContributorsSch">
      <SubstantialContributorDetail>
        <PersonNm>H LAWRENCE CULP JR WENDY CULP</PersonNm>
        <USAddress>
          <AddressLine1Txt>8401 Greensboro Dr 800</AddressLine1Txt>
          <CityNm>MCLEAN</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22102</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>NT #6712 - FOREIGN TAX PAID</CategoryTxt>
        <Amt>7310</Amt>
        <NetInvestmentIncomeAmt>7310</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>ESTIMATED TAXES PAID</CategoryTxt>
        <Amt>11983</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>2019 FEDERAL EXTENSION</CategoryTxt>
        <Amt>7000</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
