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          <GrossSalesPriceAmt>31013</GrossSalesPriceAmt>
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          <SoldDt>2015-11-20</SoldDt>
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          <PropertyDesc>TARGET CORP COM ISIN US87612E1064 S</PropertyDesc>
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          <GrossSalesPriceAmt>259064</GrossSalesPriceAmt>
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          <PropertyDesc>CALL (CVX) CHEVRON CORP NEW JAN 17 1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-11-11</AcquiredDt>
          <SoldDt>2015-01-16</SoldDt>
          <GrossSalesPriceAmt>3566</GrossSalesPriceAmt>
          <GainOrLossAmt>3566</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3566</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (MCD) MCDONALDS CORP APR 17 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-17</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>1375</GrossSalesPriceAmt>
          <GainOrLossAmt>1375</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1375</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (F) FORD MTR CO DEL MAY 15 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-27</AcquiredDt>
          <SoldDt>2015-05-15</SoldDt>
          <GrossSalesPriceAmt>6277</GrossSalesPriceAmt>
          <GainOrLossAmt>6277</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6277</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (DE) DEERE &amp; COMPANY APR 17 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-30</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>2356</GrossSalesPriceAmt>
          <GainOrLossAmt>2356</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2356</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (GIS) GENERAL MILLS INC JUN 19</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-11</AcquiredDt>
          <SoldDt>2015-06-19</SoldDt>
          <GrossSalesPriceAmt>5836</GrossSalesPriceAmt>
          <GainOrLossAmt>5836</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5836</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (HTZ) HERTZ GLOBAL HLDGS AUG 21</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-06-22</AcquiredDt>
          <SoldDt>2015-08-21</SoldDt>
          <GrossSalesPriceAmt>4436</GrossSalesPriceAmt>
          <GainOrLossAmt>4436</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4436</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (GILD) GILEAD SCIENCES INC DEC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-10-21</AcquiredDt>
          <SoldDt>2015-12-18</SoldDt>
          <GrossSalesPriceAmt>1487</GrossSalesPriceAmt>
          <GainOrLossAmt>1487</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1487</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AT&amp;T INC COM ISIN US00206R1023 SEDO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-07</AcquiredDt>
          <SoldDt>2015-11-20</SoldDt>
          <GrossSalesPriceAmt>3414</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3414</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BRISTOL MYERS SQUIBB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-08</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>6162</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3996</CostOrOtherBasisAmt>
          <GainOrLossAmt>2166</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2166</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHEMOURS CO COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-04-30</AcquiredDt>
          <SoldDt>2015-08-21</SoldDt>
          <GrossSalesPriceAmt>910</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1385</CostOrOtherBasisAmt>
          <GainOrLossAmt>-475</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-475</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DUKE ENERGY CORP NEWCOM NEW ISIN US</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-06</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>15198</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13380</CostOrOtherBasisAmt>
          <GainOrLossAmt>1818</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1818</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDL HOME LN MTG CRPPOOL E85070 6.0</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-07-05</AcquiredDt>
          <SoldDt>2015-06-15</SoldDt>
          <GrossSalesPriceAmt>57</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>57</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FREEPORT MCMORAN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-21</AcquiredDt>
          <SoldDt>2015-12-02</SoldDt>
          <GrossSalesPriceAmt>13160</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17936</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4776</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4776</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GILEAD SCIENCES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-22</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>34334</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24895</CostOrOtherBasisAmt>
          <GainOrLossAmt>9439</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9439</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES SILVER TR ISHARES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-19</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>73429</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>71100</CostOrOtherBasisAmt>
          <GainOrLossAmt>2329</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2329</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PIMCO CONVERTIBLE FUND CL D</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2015-05-01</SoldDt>
          <GrossSalesPriceAmt>30518</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31229</CostOrOtherBasisAmt>
          <GainOrLossAmt>-711</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-711</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED PARCEL SVC INC CL B</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-06-21</AcquiredDt>
          <SoldDt>2015-01-06</SoldDt>
          <GrossSalesPriceAmt>214893</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>171160</CostOrOtherBasisAmt>
          <GainOrLossAmt>43733</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>43733</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (BMY) BRISTOL MYERS SQUIBBJAN 1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-11-11</AcquiredDt>
          <SoldDt>2015-01-16</SoldDt>
          <GrossSalesPriceAmt>2288</GrossSalesPriceAmt>
          <GainOrLossAmt>2288</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2288</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (DISH) DISH NETWORK CORP MAR 20</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-17</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>3430</GrossSalesPriceAmt>
          <GainOrLossAmt>3430</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3430</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (DLR) DIGITAL RLTY TR INC APR 1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-27</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>728</GrossSalesPriceAmt>
          <GainOrLossAmt>728</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>728</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (PG) PROCTER &amp; GAMBLE CO MAY 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-04-14</AcquiredDt>
          <SoldDt>2015-05-15</SoldDt>
          <GrossSalesPriceAmt>1706</GrossSalesPriceAmt>
          <GainOrLossAmt>1706</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1706</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (DUK) DUKE ENERGY CORP COMJUL 1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-11</AcquiredDt>
          <SoldDt>2015-07-17</SoldDt>
          <GrossSalesPriceAmt>6466</GrossSalesPriceAmt>
          <GainOrLossAmt>6466</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6466</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (AAPL) APPLE INC SEP 18 15 130</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-09</AcquiredDt>
          <SoldDt>2015-09-18</SoldDt>
          <GrossSalesPriceAmt>2620</GrossSalesPriceAmt>
          <GainOrLossAmt>2620</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2620</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (COL) ROCKWELL COLLINS INCDEC 1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-10-21</AcquiredDt>
          <SoldDt>2015-12-18</SoldDt>
          <GrossSalesPriceAmt>640</GrossSalesPriceAmt>
          <GainOrLossAmt>640</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>640</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BANK OF AMERICA CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-06-20</AcquiredDt>
          <SoldDt>2015-11-19</SoldDt>
          <GrossSalesPriceAmt>191906</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>152576</CostOrOtherBasisAmt>
          <GainOrLossAmt>39330</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>39330</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BRISTOL MYERS SQUIBB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-08</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>147883</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>95907</CostOrOtherBasisAmt>
          <GainOrLossAmt>51976</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>51976</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHEMOURS CO COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-04-30</AcquiredDt>
          <SoldDt>2015-08-21</SoldDt>
          <GrossSalesPriceAmt>8189</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12469</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4280</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4280</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DUKE ENERGY CORP NEWCOM NEW ISIN US</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-09</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>151984</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>130225</CostOrOtherBasisAmt>
          <GainOrLossAmt>21759</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21759</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDL HOME LN MTG CRPPOOL E85070 6.0</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-07-05</AcquiredDt>
          <SoldDt>2015-08-15</SoldDt>
          <GrossSalesPriceAmt>66</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>66</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FREEPORT MCMORAN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-08-29</AcquiredDt>
          <SoldDt>2015-10-12</SoldDt>
          <GrossSalesPriceAmt>7212</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7212</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GILEAD SCIENCES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-22</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>206006</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>147870</CostOrOtherBasisAmt>
          <GainOrLossAmt>58136</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>58136</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES SILVER TR ISHARES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-19</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>50584</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>48974</CostOrOtherBasisAmt>
          <GainOrLossAmt>1610</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1610</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PIMCO CONVERTIBLE FUND CL D</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2015-05-01</SoldDt>
          <GrossSalesPriceAmt>87989</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>90038</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2049</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2049</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED PARCEL SVC INC CL B</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-02-05</AcquiredDt>
          <SoldDt>2015-05-13</SoldDt>
          <GrossSalesPriceAmt>148512</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>141288</CostOrOtherBasisAmt>
          <GainOrLossAmt>7224</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7224</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (UPS) UNITED PARCEL SVC APR 17</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-23</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>1243</GrossSalesPriceAmt>
          <GainOrLossAmt>1243</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1243</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (AAPL) APPLE INC MAR 20 15 130</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-17</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>2610</GrossSalesPriceAmt>
          <GainOrLossAmt>2610</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2610</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (CAT) CATERPILLAR INC AUG 21 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-27</AcquiredDt>
          <SoldDt>2015-08-21</SoldDt>
          <GrossSalesPriceAmt>4328</GrossSalesPriceAmt>
          <GainOrLossAmt>4328</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4328</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (T) AT&amp;T INC JUN 19 15 36 (100</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-04</AcquiredDt>
          <SoldDt>2015-06-19</SoldDt>
          <GrossSalesPriceAmt>3536</GrossSalesPriceAmt>
          <GainOrLossAmt>3536</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3536</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL KRAFT HEINZ CO 100 KHC+ DEC 18</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-11</AcquiredDt>
          <SoldDt>2015-12-18</SoldDt>
          <GrossSalesPriceAmt>11216</GrossSalesPriceAmt>
          <GainOrLossAmt>11216</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11216</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (ABT) ABBOTT LABORATORIES NOV 2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-13</AcquiredDt>
          <SoldDt>2015-11-20</SoldDt>
          <GrossSalesPriceAmt>1144</GrossSalesPriceAmt>
          <GainOrLossAmt>1144</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1144</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (UPS) UNITED PARCEL SVC DEC 18</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-11-02</AcquiredDt>
          <SoldDt>2015-12-18</SoldDt>
          <GrossSalesPriceAmt>728</GrossSalesPriceAmt>
          <GainOrLossAmt>728</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>728</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BANK OF AMERICA CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-06-20</AcquiredDt>
          <SoldDt>2015-11-20</SoldDt>
          <GrossSalesPriceAmt>214672</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>170679</CostOrOtherBasisAmt>
          <GainOrLossAmt>43993</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>43993</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BRISTOL MYERS SQUIBB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-09-26</AcquiredDt>
          <SoldDt>2015-12-18</SoldDt>
          <GrossSalesPriceAmt>63849</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>46611</CostOrOtherBasisAmt>
          <GainOrLossAmt>17238</GainOrLossAmt>
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          <GrossSalesPriceAmt>54540</GrossSalesPriceAmt>
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          <PropertyDesc>EMERSON ELECTRIC CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-04-26</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>58620</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>55165</CostOrOtherBasisAmt>
          <GainOrLossAmt>3455</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3455</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDL HOME LN MTG CRPPOOL E85070 6.0</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-07-05</AcquiredDt>
          <SoldDt>2015-01-15</SoldDt>
          <GrossSalesPriceAmt>75</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>75</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FREEPORT MCMORAN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-03-17</AcquiredDt>
          <SoldDt>2015-12-02</SoldDt>
          <GrossSalesPriceAmt>39149</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>157355</CostOrOtherBasisAmt>
          <GainOrLossAmt>-118206</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-118206</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HCA HLDGS INC COM USD0.01</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-11</AcquiredDt>
          <SoldDt>2015-06-19</SoldDt>
          <GrossSalesPriceAmt>83584</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>77852</CostOrOtherBasisAmt>
          <GainOrLossAmt>5732</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5732</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KRAFT FOODS GROUP INC COM NPV EXCH</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-02-05</AcquiredDt>
          <SoldDt>2015-07-06</SoldDt>
          <GrossSalesPriceAmt>1650</GrossSalesPriceAmt>
          <GainOrLossAmt>1650</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1650</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SCHLUMBERGER LIMITEDCOM USD0.01</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-02</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>88870</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>84760</CostOrOtherBasisAmt>
          <GainOrLossAmt>4110</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4110</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNIVERSAL DISPLAY CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-11</AcquiredDt>
          <SoldDt>2015-05-15</SoldDt>
          <GrossSalesPriceAmt>26192</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>18592</CostOrOtherBasisAmt>
          <GainOrLossAmt>7600</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7600</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (HAL) HALLIBURTON CO MAR 20 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-06</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>643</GrossSalesPriceAmt>
          <GainOrLossAmt>643</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>643</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (DE) DEERE &amp; COMPANY MAR 20 15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-20</AcquiredDt>
          <SoldDt>2015-03-20</SoldDt>
          <GrossSalesPriceAmt>1718</GrossSalesPriceAmt>
          <GainOrLossAmt>1718</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1718</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (PEP) PEPSICO INC APR 17 15 10</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-02</AcquiredDt>
          <SoldDt>2015-04-17</SoldDt>
          <GrossSalesPriceAmt>2784</GrossSalesPriceAmt>
          <GainOrLossAmt>2784</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2784</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (T) AT&amp;T INC JUN 19 15 37 (100</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-04</AcquiredDt>
          <SoldDt>2015-06-19</SoldDt>
          <GrossSalesPriceAmt>601</GrossSalesPriceAmt>
          <GainOrLossAmt>601</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>601</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (GM) GENERAL MTRS CO COM SEP 18</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-14</AcquiredDt>
          <SoldDt>2015-08-25</SoldDt>
          <GrossSalesPriceAmt>1364</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>56</CostOrOtherBasisAmt>
          <GainOrLossAmt>1308</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1308</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALL (AA) ALCOA INC NOV 20 15 15 (1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-08-28</AcquiredDt>
          <SoldDt>2015-11-20</SoldDt>
          <GrossSalesPriceAmt>1754</GrossSalesPriceAmt>
          <GainOrLossAmt>1754</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1754</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1256683</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>390077</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>5651756</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>122279502</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.046220</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>2396000</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>116484401</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.020569</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>667000</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>48740986</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.013685</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>455000</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>13693595</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.033227</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>395000</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>10475808</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.037706</DistributionYr5Rt>
        <TotalDistributionRt>0.151407</TotalDistributionRt>
        <AverageDistributionRt>0.030281</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>121258794</NetVlNoncharitableAssetsAmt>
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        <NetInvestmentIncomePctAmt>40504</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>3712342</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>6068220</QualifyingDistributionsAmt>
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      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>40504</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>40504</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>40504</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>51000</EstimatedPlusOvpmtIncmTxAmt>
        <AppliedToEsTaxAmt>30000</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>81000</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>40496</OverpaymentAmt>
        <AppliedToESTaxAmt>40496</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NC</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>DONALD PARKER</IndividualWithBooksNm>
        <PhoneNum>9195316803</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
          <CityNm>CARY</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>27513</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>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <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>JAMES H GOODNIGHT</PersonNm>
          <USAddress>
            <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANN BAGGETT GOODNIGHT</PersonNm>
          <USAddress>
            <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LEAH A GOODNIGHT</PersonNm>
          <USAddress>
            <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUSAN G ELLIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DONALD R PARKER</PersonNm>
          <USAddress>
            <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>92837269</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>30268106</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>123105375</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>123105375</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1846581</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>121258794</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>6062940</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>6062940</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>40504</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>40504</TotalTaxAmt>
        <DistributableBeforeAdjAmt>6022436</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>6022436</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>6022436</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>6068220</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>6068220</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>40504</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>6027716</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>6022436</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>6063466</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>6068220</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>6063466</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>4754</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>6017682</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JAMES H GOODNIGHT</ContributingManagerNm>
        <ContributingManagerNm>ANN B GOODNIGHT</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ALLIANCE FOR EXCELLENT EDUCATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>ALLIANCE FOR EXCELLENT EDUCATION</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1201 CONN NW STE 901</AddressLine1Txt>
            <AddressLine2Txt>1201 CONN NW STE 901</AddressLine2Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOYS CLUB OF WAKE COUNTY INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>BOYS CLUB OF WAKE COUNTY INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>701 N RALEIGH BLVD</AddressLine1Txt>
            <AddressLine2Txt>701 N RALEIGH BLVD</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27610</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CARY ACADEMY</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>CARY ACADEMY</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 NORTH HARRISON AVE</AddressLine1Txt>
            <AddressLine2Txt>1500 NORTH HARRISON AVE</AddressLine2Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BUILDING FUND</GrantOrContributionPurposeTxt>
          <Amt>290000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITIES IN SCHOOLS CHATHAM COUN</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>COMMUNITIES IN SCHOOLS CHATHAM COUNTY</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 903</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 903</AddressLine2Txt>
            <CityNm>SILER CITY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27344</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONTEMPORARY ART FOUNDATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>CONTEMPORARY ART FOUNDATION</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>409 W MARTIN ST</AddressLine1Txt>
            <AddressLine2Txt>409 W MARTIN STREET</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27603</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>K-12 EDUCATION PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DEVELOPMENT FOUNDATION FOR NCCAT</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>DEVELOPMENT FOUNDATION FOR NCCAT</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>276 NCCAT DRIVE</AddressLine1Txt>
            <AddressLine2Txt>276 NCCAT DRIVE</AddressLine2Txt>
            <CityNm>CULLOWHEE</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>287239062</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EDUCATION NC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>EDUCATION NC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 1636</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 1636</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27602</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF NC STATE MUSEUM OF NS</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>FRIENDS OF NC STATE MUSEUM OF NS</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11 WEST JONES ST</AddressLine1Txt>
            <AddressLine2Txt>11 WEST JONES ST</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATORS OF EXCELLENCE FUND</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GIRL SCOUTS - NC COASTAL PINES</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>GIRL SCOUTS - COASTAL PINES</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6901 PINECREST ROAD</AddressLine1Txt>
            <AddressLine2Txt>6901 PINECREST ROAD</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27613</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STEM PROGRAMMING</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GLOBAL SCHOLARS ACADEMY</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>GLOBAL SCHOLARS ACADEMY</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>311 DOWD STREET</AddressLine1Txt>
            <AddressLine2Txt>311 DOWD STREET</AddressLine2Txt>
            <CityNm>DURHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KIDZNOTES INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>KIDZNOTES INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 200</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 200</AddressLine2Txt>
            <CityNm>DURHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27702</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MARBLES KIDS MUSEUM</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>MARBLES KIDS MUSEUM</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>201 E HARGETT ST</AddressLine1Txt>
            <AddressLine2Txt>201 E HARGETT ST</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MEDICAL FOUNDATION OF NC INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>MEDICAL FOUNDATION OF NC INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7237</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7237</AddressLine2Txt>
            <CityNm>CHAPEL HILL</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>275997237</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHILDREN'S EDUCATION SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MEREDITH COLLEGE</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>MEREDITH COLLEGE</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3800 HILLSBOROUGH ST</AddressLine1Txt>
            <AddressLine2Txt>3800 HILLSBOROUGH ST</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276075298</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MINORITY TEACHING SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NC BUSINESS LEADERS FOR EDUCATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NC BUSINESS LEADERS FOR EDUCATION</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 SAS CAMPUS DR</AddressLine1Txt>
            <AddressLine2Txt>100 SAS CAMPUS DR</AddressLine2Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NC CENTER FOR INT'L UNDERSTANDING</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NC CENTER FOR INT'L UNDERSTANDING</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>68 TW ALEXANDER DR</AddressLine1Txt>
            <AddressLine2Txt>68 TW ALEXANDER DR</AddressLine2Txt>
            <CityNm>RTP</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27709</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NC MUSEUM OF HISTORY FOUNDATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NC MUSEUM OF HISTORY FOUNDATION</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5 EAST EDENTON ST</AddressLine1Txt>
            <AddressLine2Txt>5 EAST EDENTON ST</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU COLLEGE OF SCIENCES FOUNDATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU COLLEGE OF SCIENCES FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 8201</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 8201</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27695</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SOLOMON SCHOLARS FUND</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHANCELLOR'S DISCRETIONARY FUND</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE OF EDUCATION - SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE OF DESIGN - SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHASS DEAN'S DISCRETIONARY FUND</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FRIDAY INSTITUTE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE OF SCIENCE - DISCRETIONARY</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL H HUGH SHELTON INITIATIVE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7474</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7474</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957474</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>KENAN FELLOWS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NCSU FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NCSU FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 7529</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 7529</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276957529</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GOODNIGHT SCHOLARS</GrantOrContributionPurposeTxt>
          <Amt>5000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NC PUBLIC RADIO - WUNC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NC PUBLIC RADIO - WUNC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>120 FRIDAY CENTER DRIVE</AddressLine1Txt>
            <AddressLine2Txt>120 FRIDAY CENTER DRIVE</AddressLine2Txt>
            <CityNm>CHAPEL HILL</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27517</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL PROGRAMMING</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NC SOCIETY OF HISPANIC PROFESSIONAL</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NC SOCIETY OF HISPANIC PROFESSIONALS</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8450 CHAPEL HILL RD STE 2</AddressLine1Txt>
            <AddressLine2Txt>8450 CHAPEL HILL RD STE 2</AddressLine2Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NORTH CAROLINA NEW SCHOOLS</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>NORTH CAROLINA NEW SCHOOLS</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4600 MARRIOTT DR STE 510</AddressLine1Txt>
            <AddressLine2Txt>4600 MARRIOTT DR STE 510</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27612</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EARLY COLLEGE STRATEGIES FOR ALL</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PUBLIC SCHOOL FORUM OF NC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>PUBLIC SCHOOL FORUM OF NC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3739 NATIONAL DR STE 100</AddressLine1Txt>
            <AddressLine2Txt>3739 NATIONAL DR STE 100</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27612</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RALEIGH SCHOOL INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>RALEIGH SCHOOL INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1141 RALEIGH SCHOOL DRIVE</AddressLine1Txt>
            <AddressLine2Txt>1141 RALEIGH SCHOOL DRIVE</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27607</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>READ AND FEED</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>READ AND FEED</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>193 HIGH HOUSE ROAD</AddressLine1Txt>
            <AddressLine2Txt>193 HIGH HOUSE ROAD</AddressLine2Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27511</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SALVATION ARMY</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>SALVATION ARMY</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 27584</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 27584</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>276117584</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>AFTER SCHOOL TUTORING</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TAMMY LYNN MEMORIAL FOUNDATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>TAMMY LYNN MEMORIAL FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>739 CHAPPELL DRIVE</AddressLine1Txt>
            <AddressLine2Txt>739 CHAPPELL DRIVE</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27606</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEACH FOR AMERICA INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>TEACH FOR AMERICA INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>315 W 36TH FL</AddressLine1Txt>
            <AddressLine2Txt>315 W 36TH FL</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EASTERN NC CHAPTER</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE FORGE INITIATIVE INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>THE FORGE INITIATIVE INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 4798</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 4798</AddressLine2Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>275194798</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE HILL CENTER INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>THE HILL CENTER INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3200 PICKETT ROAD</AddressLine1Txt>
            <AddressLine2Txt>3200 PICKETT ROAD</AddressLine2Txt>
            <CityNm>DURHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>277056010</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YE SMITH ELEM SCH - TRAINING &amp; DEV</GrantOrContributionPurposeTxt>
          <Amt>113220</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NAVIGATORS</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>THE NAVIGATORS</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 6000</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 6000</AddressLine2Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80934</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>URBAN HOPE NAVIGATORS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TRIANGLE HIGH FIVE PARTNERSHIP</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>TRIANGLE HIGH FIVE PARTNERSHIP</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>750 S MERRITT MILL ROAD</AddressLine1Txt>
            <AddressLine2Txt>750 S MERRITT MILL ROAD</AddressLine2Txt>
            <CityNm>CHAPEL HILL</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27516</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNC AT ASHEVILLE FOUNDATION INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNC AT ASHEVILLE FOUNDATION INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>118 WT WEAVER BLVD</AddressLine1Txt>
            <AddressLine2Txt>118 WT WEAVER BLVD</AddressLine2Txt>
            <CityNm>ASHEVILLE</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHANCELLOR'S DISCRETIONARY FUND</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF NC AT CHAPEL HILL</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF NC AT CHAPEL HILL</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 309</AddressLine1Txt>
            <AddressLine2Txt>P O BOX 309</AddressLine2Txt>
            <CityNm>CHAPEL HILL</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>275140309</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHANCELLOR'S DISCRETIONARY FUND</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF NC AT CHAPEL HILL</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF NC AT CHAPEL HILL</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CAMPUS BOX 8180</AddressLine1Txt>
            <AddressLine2Txt>CAMPUS BOX 8180</AddressLine2Txt>
            <CityNm>CHAPEL HILL</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>275998180</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FRANK P GRAHAM CHILD DEV CENTER</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WAKE EDUCATION PARTNERSHIP</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>WAKE EDUCATION PARTNERSHIP</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>706 HILLSBOROUGH STE A</AddressLine1Txt>
            <AddressLine2Txt>706 HILLSBOROUGH STE A</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27603</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED FUNDS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OF THE TRIANGLE INC</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>YMCA OF THE TRIANGLE INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>801 CORP CENTER STE 200</AddressLine1Txt>
            <AddressLine2Txt>801 CORP CENTER STE 200</AddressLine2Txt>
            <CityNm>RALEIGH</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27607</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CAMP SEA GULL/SEAFARER SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>6068220</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>181520</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2581770</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>366</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1256683</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FEDERAL EXCISE TAX REFUND</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>50744</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>4071083</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>4071083</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="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>JAMES H GOODNIGHT</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
          <CityNm>CARY</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>27513</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>12500000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>ANN B GOODNIGHT</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>100 SAS CAMPUS DRIVE</AddressLine1Txt>
          <CityNm>CARY</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>27513</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>12500000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION FEE</CategoryTxt>
        <Amt>5100</Amt>
        <NetInvestmentIncomeAmt>5100</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc4">
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIDELITY - 663-134385</BondNm>
        <EOYBookValueAmt>6077125</EOYBookValueAmt>
        <EOYFMVAmt>6464342</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY - 663-134385</StockNm>
        <EOYBookValueAmt>70653004</EOYBookValueAmt>
        <EOYFMVAmt>72560385</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY - 663-134385</StockNm>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc6">
      <OtherIncomeDetail>
        <Desc>BANK OF AMERICA - LEGAL SETTL</Desc>
        <RevenueAndExpensesPerBooksAmt>366</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>366</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FEDERAL EXCISE TAX REFUND</Desc>
        <RevenueAndExpensesPerBooksAmt>50744</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>50744</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc7">
      <OtherLiabilitiesDetail>
        <Desc>OPTIONS OUTSTANDING</Desc>
        <BOYBookValueAmt>74122</BOYBookValueAmt>
        <EOYBookValueAmt>122713</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc8">
      <TaxesDetail>
        <CategoryTxt>FOREIGN INCOME TAX WITHHELD ON D</CategoryTxt>
        <Amt>15068</Amt>
        <NetInvestmentIncomeAmt>15068</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PY LESS CY FOREIGN TAX</CategoryTxt>
        <Amt>483</Amt>
        <NetInvestmentIncomeAmt>483</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>