2019-11-07T11:36:52-08:00 2017-12-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 770275132 990PF 2017-01-01 561954114 John M Belk Endowment JOHN 7049434160 4201 Congress Street Charlotte NC 28209 Mary Claudia Belk Pilon Board Chair 2019-11-07 true Kurt Coburn P01638285 7134395739 2017 2020-03-31 21:24:44Z X X 355241136 X X 125 125 1429967 1429967 11548143 28713552 11548143 6316139 6316139 19294374 19294374 295054 14753 280301 402649 402649 126024 1260 124764 5447 272 5175 121044 312 120732 978659 678983 299675 51157 76046 21044 21044 80343 80343 1220970 1135336 94634 3378437 1830916 1429317 3001690 3001690 6380127 1830916 4431007 12914247 17463458 96916 670423 670423 374985 1064859 1064859 32973943 26244234 34751538 32162087 34498988 34553297 41466994 41466994 41466994 23920000 208551932 224666856 259726765 746878 221558 597387 525320 525320 28372 28934 28934 316252616 329166608 355241136 6313 6058 6313 6058 X 316246303 329160550 316246303 329160550 316252616 329166608 316246303 12914247 329160550 329160550 Publicly traded securities 7946597 6229925 1716672 1716672 Passtrough K-1 capital gain 8798346 8798346 8798346 Fixed asset disposal P 2017-01-01 2017-12-31 800 4459 -3659 -3659 Capital gain distributions 496701 496701 496701 BBH Wealth Strategies LLC- REMS Group P 2017-01-01 2019-09-29 8205472 8205514 -42 -42 BlackRock Equity Index Non-lendable Fund P 2017-01-01 2017-12-01 3265636 2725511 540125 540125 11548143 false 3252624 301264389 0.01080 37294144 303195297 0.12300 12836097 290735649 0.04415 3562828 281957406 0.01264 2346250 190459114 0.01232 0.202906 0.040581 331146866 13438271 174635 13612906 4438602 349269 349269 349269 57830 35795 91885 257384 false false false false false false false false true true NC true false false false false true WWW.JMBENDOWNMENT.ORG Katie Lindquist 7049434167 4201 Congress Street Suite 470 Charlotte NC 28209 false false false false true false false false false false false false false false false false false false false false false false false false false false Mary Claudia Belk Pilon 4201 Congress Street Charlotte NC 28209 Board Chair 20.00 0 George S Dewey IV 4201 Congress Street Charlotte NC 28209 Vice Chair 5.00 0 Virginia M Esposito 4201 Congress Street Charlotte NC 28209 Board Mbr/Sec 5.00 0 Brian T Marley 4201 Congress Street Charlotte NC 28209 Board Mbr/Trea 5.00 0 Anthony Zeiss 4201 Congress Street Charlotte NC 28209 Board Member 5.00 0 Kristen Teskey 4201 Congress Street Charlotte NC 28209 ED/ Asst Sec 40.00 233235 13191 Jeffrey Alligood 4201 Congress Street Charlotte NC 28209 Fin/ Asst Trea 40.00 43077 5551 Cynthia Liston 4201 Congress Street Charlotte NC 28209 Program Offcr 40.00 109721 20122 Jennifer Bihn 4201 Congress Street Charlotte NC 28209 Grants Mngr 40.00 102641 20699 Usoon Woo 4201 Congress Street Charlotte NC 28209 Exec Assist 40.00 69079 18860 BBH Investment and Wealth Management 140 Broadway New York NY 10005 Invest mgmt 544111 Clifton Larson Allen 227 West Trade Street 8th Floor Charlotte NC 28202 Interim controller 114808 BlackRock 1340 Environ Way 314 Chapel Hill NC 27517 Invest mgmt 93627 South Summit Services 4201 Congress Street Ste 470 Charlotte NC 28209 Foundation mgmt svcs 257320 309679555 2590157 23920000 336189712 0 336189712 5042846 331146866 16557343 16557343 349269 349269 16208074 800 16208874 16208874 4431007 7595 4438602 4438602 16208874 1640668 4438602 1640668 0 2797934 13410940 X Single Stop USA 1825 park Ave New York NY 10035 N/A PC Expansion of Single Stop into North Carolina Community Colleges 1632010 North Carolina Community College Fd 200 W Jones St 5016 Mail Srvc Cntr Raleigh NC 27699 N/A SO III FI North Carolina Community College Student Success Center 250000 MDC Inc 307 W Main St Durham NC 27701 N/A PC Fayetteville NSEM Participation 25000 Foundation For The Carolinas 220 N Tryon Street Charlotte NC 28202 N/A PC Foundation For The Carolinas - 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Adr 1862572 2182960 8000 shs Henry Schein Inc Com Stk 611520 559040 16100 shs Zoetis Inc Com Stk 540423 1159844 11085 shs Perrigo Co Plc Com Stk 1241538 966169 22000 shs Nielsen Holdings PLC Foreign 934747 800800 1455 shs Alphabet Inc Cl C 800047 1522512 690 shs Alphabet Inc Cl A 270881 726846 7800 shs Fleetcor Technologies Inc Com 1031790 1500954 47900 shs Oracle Corp 1840838 2264712 13560 shs Paypal Holdings Inc- Com Stk 415502 998287 31700 shs Qualcomm Inc 1939783 2029434 29178 shs Sabre Corp Com Stk 620684 598149 7500 shs Celanese Corp Series A 310042 803100 13000 shs Praxair Inc 1418596 2010840 Land 41466994 41466994 23920000 Altarock Partners Series AT COST 12551927 15284630 Bares Mid-Large Cap Series AT COST 14679094 18637129 Burgundy Emerging Market AT COST 9826767 11184953 Clarkston Capital Partners Small-Mid Cap AT COST 9348668 11428979 LBC Credit Parners III USTE Series AT COST 2975481 2618835 Select Equity Series AT COST 20830679 23615526 BBH Cap Partners QP IV (Cayman) AT COST 684156 1100808 Longleaf Partners Small Cap Fd AT COST 7820846 7319639 Oaktree Opportunities Sub Trust AT COST 516579 614430 1-3 Year Treasury Index Non-Lendab AT COST 6791805 6738803 US Debt B (510353) AT COST 31246248 31142903 Emerging Markets Index NL Fund B AT COST 6548646 9798016 Equity Index NL Fund B AT COST 58981848 69057405 MSCI World Ex-US Index Fund B AT COST 20344073 26243388 Russell 2000 Equity Index Fund B AT COST 6782541 9692962 US Real Estate Securities Fund B AT COST 7205190 7214372 Alpha Credit HY Bond Fund B AT COST 7520688 8022367 Short-Term Investment Fund B AT COST 11620 11620 Furniture and Fixtures 148347 37087 111260 111260 Machinery and Equipment 248673 65814 182859 182860 Improvements 349858 118657 231201 231200 Legal fees 5447 272 0 5175 Sales tax receivable 11437 11999 11999 Security deposit 16935 16935 16935 Bank fees 150 17 133 Books,subscriptions,references 28434 28434 Communications & public relations 3480 3480 Davidson scholars expenses 22556 22556 Information technology 27586 27586 Insurance 7712 771 6941 K-1 expenses 1112889 1112889 Other expenses 1869 1869 Other land expenses 12210 21210 Payroll processing fees 4084 449 3635 Hunting lease & other 9882 9882 Passthrough K-1 income 6074931 6074931 Timber income- JMB Land 231326 231326 Foundation management services 256616 19246 0 237369 Investment management fees 637737 637737 0 0 Land management services 22000 22000 0 0 Leadership development 35000 0 0 35000 Other consulting services 584 0 0 584 Strategic planning services 26722 0 0 26722 John M. Belk Endowment (the foundation) respectfully requests abatement of penalties related to late payment of tax for this amended 2017 Form 990-PF. The foundation entered into partnership investments in the prior year, and the tax preparer did not know to expect Schedules K-1. The foundation exercised ordinary business care and prudence in relying on its investment and tax advisors to include all taxable income in the return as originally filed. The omission of partnership income in the originally filed 2017 990-PF was not due to willful neglect. Once the omission of partnership income was recognized, the foundation took immediate steps to amend this return to properly report it. Excise tax 51157