DRS BRUCE & LEE FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: DRS BRUCE & LEE FOUNDATION (EIN 57-0902483)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-11-15
IRS object ID: 201933199349102813
Schema version: 2018v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Expln Of Non Filing With AG Stmt
Investments Govt Obligations Sch
Investments Land Schedule2
Investments Other Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-11-15T11:38:39-06:00	ReturnTs
Tax Period End	2018-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	560574444	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CHERRY BEKAERT LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1111 METROPOLITAN AVE STE 900	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28204	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2018-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570902483	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DRS BRUCE & LEE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	DRSB	BusinessNameControlTxt
Phone	8436642870	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	201 SOUTH DARGAN STREET	AddressLine1Txt
City	FLORENCE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29506	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRADLEY CALLICOTT	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	8436642870	PhoneNum
Signature	2019-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	AMANDA ADAMS	PreparerPersonNm
PTIN	P00748038	PTIN
Phone	7043771678	PhoneNum

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$185,259,371	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$3,615,466	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$3,615,466	DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss	$946,412	GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm	$946,412	GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss	$731,167	NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss	$3,979,047	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$51,774,963	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$5,637,877	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$4,452	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	-$799,809	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$8,545,377	TotalRevAndExpnssAmt
Total Net Invst Incm	$9,399,946	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$452,502	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$113,126	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$339,376	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$60,525	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$15,131	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$45,394	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$133,008	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$33,252	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$99,756	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$801	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$200	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$601	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$48,450	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$9,301	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$36,338	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$85,979	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$85,979	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$131,249	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$83,027	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$77,769	DeprecAndDpltnNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss	$9,120	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$2,280	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$6,840	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$438,044	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$523,688	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$294,596	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,442,705	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$860,726	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$822,901	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,730,952	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,231,108	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,173,657	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$860,726	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$5,054,009	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$3,371,720	ExcessRevenueOverExpensesAmt
Net Investment Income	$8,539,220	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,031,470	CashBOYAmt
Cash EOY	$3,193,884	CashEOYAmt
Cash EOYFMV	$3,193,884	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$12,111,267	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$7,648,633	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$7,648,633	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$20,836	AcctRcvblAmt
Acct Rcvbl BOY	$8,677,271	AcctRcvblBOYAmt
Acct Rcvbl EOY	$20,836	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$20,836	AcctRcvblEOYFMVAmt
Prepaid Expenses BOY	$27,376	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$30,281	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$30,281	PrepaidExpensesEOYFMVAmt
US Government Obligations BOY	$0	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$10,035,213	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$10,035,213	USGovtObligationsEOYFMVAmt
Invst Land Cost Or Other Basis	$6,802,732	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$986,348	InvstLandAccumDepreciationAmt
Land Bldg Investments BOY	$7,103,248	LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY	$5,816,384	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$7,000,000	LandBldgInvestmentsEOYFMVAmt
Other Investments BOY	$154,093,324	OtherInvestmentsBOYAmt
Other Investments EOY	$134,571,695	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$134,571,695	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$68,652	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$51,850	LandBldgEquipAccumDeprecAmt
Land BOY	$22,060	LandBOYAmt
Land EOY	$16,802	LandEOYAmt
Land EOYFMV	$16,802	LandEOYFMVAmt
Other Assets BOY	$16,958,222	OtherAssetsBOYAmt
Other Assets EOY	$22,742,027	OtherAssetsEOYAmt
Other Assets EOYFMV	$22,742,027	OtherAssetsEOYFMVAmt
Total Assets BOY	$200,024,238	TotalAssetsBOYAmt
Total Assets EOY	$184,075,755	TotalAssetsEOYAmt
Total Assets EOYFMV	$185,259,371	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$133,326	AccountsPayableBOYAmt
Accounts Payable EOY	$223,243	AccountsPayableEOYAmt
Grants Payable BOY	$5,147,219	GrantsPayableBOYAmt
Grants Payable EOY	$4,647,063	GrantsPayableEOYAmt
Deferred Revenue BOY	$1,224,873	DeferredRevenueBOYAmt
Deferred Revenue EOY	$1,093,001	DeferredRevenueEOYAmt
Other Liabilities BOY	$709,000	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$315,000	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$7,214,418	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$6,278,307	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$192,809,820	UnrestrictedBOYAmt
Unrestricted EOY	$177,797,448	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$192,809,820	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$177,797,448	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$200,024,238	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$184,075,755	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$192,809,820	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$3,371,720	ExcessRevenueOverExpensesAmt
Other Increases	$394,000	OtherIncreasesAmt
Subtotal	$196,575,540	SubtotalAmt
Other Decreases	$18,778,092	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$177,797,448	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	How AcquiredHowAcquiredCd
PUBLICLY-TRADED SECURITIES	$46,743,065	$46,137,086	$605,979	$605,979
PASSTHROUGH K-1 CAPITAL GAIN	$1,658,830		$1,658,830	$1,658,830	P
CAPITAL GAINS DIVIDENDS	$3,373,068		$3,373,068	$3,373,068	P

Field	Value	IRS element (for citing)
Capital Gain Net Income	$5,637,877	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$7,113,595	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$173,417,050	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.041020	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$7,282,960	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$159,144,590	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.045763	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$4,975,577	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$158,831,508	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.031326	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$7,224,695	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$158,347,694	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.045626	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$10,205,112	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$148,429,679	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.068754	DistributionYr5Rt
Total Distribution	0.232489	TotalDistributionRt
Average Distribution	0.046498	AverageDistributionRt
Net Vl Noncharitable Assets	$174,082,172	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$8,094,473	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$85,392	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$8,179,865	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$11,782,719	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$85,392	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$85,392	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$85,392	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$85,367	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$100,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$185,367	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$99,975	OverpaymentAmt
Applied To ES Tax	$99,975	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	Yes (1)	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	SC	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	0	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	BRADLEY CALLICOTT	IndividualWithBooksNm
Phone	8436642870	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	201 SOUTH DARGAN STREET	AddressLine1Txt
City	FLORENCE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29506	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
C EDWARD FLOYD MD
201 SOUTH DARGAN	FLORENCE	SC	29506	CHAIRMAN/TRUSTEE	6.00	$25,200	$0	$0
JOHN L BRUCE JR DMD
201 SOUTH DARGAN	FLORENCE	SC	29506	VICE CHAIRMAN/TRUSTEE	6.00	$25,200	$0	$0
MARK W BUYCK JR
201 SOUTH DARGAN	FLORENCE	SC	29506	SECRETARY/TRUSTEE	6.00	$25,200	$0	$0
GORDON B BAKER JR
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	5.00	$24,000	$0	$0
COLEMAN FLOYD BUCKHOUSE MD
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	5.00	$24,000	$0	$0
FRANK B LEE JR MD
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	5.00	$24,000	$0	$0
JOHN W MCGINNIS
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	6.00	$25,200	$0	$0
HAIGH PORTER
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	6.00	$25,200	$0	$0
HENRY SWINK
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	6.00	$25,200	$0	$0
KIM TURNER
201 SOUTH DARGAN	FLORENCE	SC	29506	TRUSTEE	5.00	$24,000	$0	$0
BRADLEY L CALLICOTT
201 SOUTH DARGAN	FLORENCE	SC	29506	EXECUTIVE DIRECTOR	40.00	$205,302	$74,395	$7,200

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

Field	Value	IRS element (for citing)
Person	MILLIE MCNAIR	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	201 SOUTH DARGAN STREET	AddressLine1Txt
City	FLORENCE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29506	ZIPCd

Field	Value	IRS element (for citing)
Title	EXECUTIVE ASSISTANT	TitleTxt
Average Hrs Per Wk Devoted To Pos	40.00	AverageHrsPerWkDevotedToPosRt
Compensation	$60,525	CompensationAmt
Employee Benefits	$35,846	EmployeeBenefitsAmt
Expense Account	$0	ExpenseAccountAmt

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
PRIMROSE VENTURES LLC
PO BOX 524	FLORENCE	SC	29503	REAL ESTATE CONSULTING	$116,375
WARREN AVERETT ASSET MANAGEMENT
2500 ACTON ROAD STE 2200	BIRMINGHAM	AL	35243	INVESTMENT MGMT	$85,979
WILLCOX BUYCK & WILLIAMS
248 W EVANS ST	FLORENCE	SC	29501	LEGAL SERVICES	$62,020
ERVIN ENGINEERING
341 W EVANS ST	FLORENCE	SC	29501	ENGINEERING SERVICES	$61,380
CHERRY BEKAERT
200 S 10TH ST STE 900	RICHMOND	VA	23219	ACCOUNTING SERVICES	$56,410

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$154,710,855	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$8,274,673	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$13,747,642	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$176,733,170	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$176,733,170	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,650,998	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$174,082,172	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$8,704,109	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$8,704,109	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$85,392	TaxBasedOnInvestmentIncomeAmt
Income Tax	$3,421	IncomeTaxAmt
Total Tax	$88,813	TotalTaxAmt
Distributable Before Adj	$8,615,296	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$8,615,296	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$8,615,296	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,054,009	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$6,728,710	CharitableAssetsAcquisPaidAmt
Qualifying Distributions	$11,782,719	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$85,392	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$11,697,327	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$8,615,296	DistributableAsAdjustedAmt
Undistributed Income PY	$7,138,185	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$11,782,719	QualifyingDistributionsAmt
Applied To Year1	$7,138,185	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$4,644,534	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$3,970,762	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ALLIANCE FOR A HEALTHIER SOUTH CAROLINA
1000 CENTER POINT ROAD	COLUMBIA	SC	29210	N/A	PC	GENERAL SUPPORT	$2,000
CITY OF FLORENCE
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	FLORENCE POLICE FUND	$70,000
CITY OF FLORENCE
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	CITY GYM PROJECT	$250,000
CITY OF FLORENCE
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	SOCCER COMPLEX GRANTS	$2,000,000
CITY OF FLORENCE
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	HEADQUARTERS BUILDING AT SOCCER COMPLEX	$500,000
FLORENCE COUNTY
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	NEW SCOREBOARD AT WEST FLORENCE HIGH SCHOOL	$20,000
FLORENCE-DARLINGTON TECHNICAL COLLEGE
PO BOX 100548	FLORENCE	SC	29501	N/A	GOV	ALLIED HEALTH SCHOLARSHIPS	$100,000
FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
PO BOX 100547	FLORENCE	SC	29502	N/A	PC	FUNDING FOR RENOVATION AT 142 NORTH DARGAN STREET	$250,000
FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
PO BOX 100547	FLORENCE	SC	29502	N/A	PC	NURSING SCHOLARSHIPS FOR 2018-2019 YEAR	$100,000
FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
PO BOX 100547	FLORENCE	SC	29502	N/A	PC	CONTRIBUTION TO FMU FACULTY & STAFF LEADERSHIP DEVELOPMENT AND RETENTION FUND	$25,000
HARVEST HOPE FOOD BANK
2220 SHOP ROAD	COLUMBIA	SC	29202	N/A	PC	PURCHASE OF REFRIGERATED TRAILER FOR FOOD PICKUP	$50,000
HELP4KIDS FLORENCE
252 S DARGAN ST	FLORENCE	SC	29506	N/A	PC	FOOD BAG PROGRAM FOR SCHOOL CHILDREN WHO ARE IN DANGER OF NOT HAVING ENOUGH FOOD OVER THE WEEKENDS	$5,000
LAKE CITY PARTNERSHIP COUNCIL
133 B EAST MAIN STREET	SALT LAKE CITY	SC	29560	N/A	PC	ARTFIELDS 2018 SPONSORSHIP	$16,000
SALVATION ARMY
2210 HOFFMEYER RD PO BOX 4108	FLORENCE	SC	29502	N/A	PC	2018 EMPTY STOCKING FUND	$30,000
SENIOR CITIZENS ASSOCIATION
600 SENIOR WAY	FLORENCE	SC	29505	N/A	PC	2019 ANNUAL THANKSGIVING BLESSING LUNCHEON FOR SENIORS	$12,000
SHELTER AND NUTRITION FOR ALL CHILDREN
825 WEST EVANS STREET	FLORENCE	SC	29501	N/A	PC	FINANCIAL ASSISTANCE FOR 10-20 FAMILIES IN NEED OF FOOD	$5,000
SOUTH CAROLINA GRANTMAKERS NETWORK
2711 MIDDLEBURG DRIVE SUITE 115	COLUMBIA	SC	29204	N/A	PC	GENERAL SUPPORT	$1,500
SOUTH CAROLINA NURSES FOUNDATION INC
1301 GERVAIS ST STE 802	COLUMBIA	SC	29201	N/A	PC	2018 PALMETTO GOLD NURSE RECOGNITION AND SCHOLARSHIP	$10,000
SOUTHEASTERN COUNCIL OF FOUNDATIONS
100 PEACHTREE ST NW STE 2080	ATLANTA	GA	30303	N/A	PC	GENERAL SUPPORT	$9,790
TOGETHER SC
1818 BLANDING ST	COLUMBIA	SC	29201	N/A	PC	GENERAL SUPPORT	$1,500
THE VETERANS HONOR GUARD
2288 MCDONALD BLVD	FLORENCE	SC	29506	N/A	PC	PURCHASE OF RIFLES FOR VETERANS' FUNERALS IN FLORENCE AREA	$15,639
CITY OF LAKE CITY
202 KELLEY STREET	LAKE CITY	SC	29560	N/A	GOV	IMPROVEMENTS AT BLAND ST. PARK	$309,500
FLORENCE COUNTY
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	LAKE CITY PARK PROJECT	$448,179

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,231,108	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CITY OF FLORENCE
180 N IRBY ST	FLORENCE	SC	29501	N/A	GOV	HEADQUARTERS BUILDING AT SOCCER COMPLEX	$1,934,000
FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
PO BOX 100547	FLORENCE	SC	29502	N/A	PC	FUNDING FOR RENOVATION AT 142 NORTH DARGAN STREET	$500,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$2,434,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,615,466	ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion	16	ExclusionCd
Exclusion	$731,167	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$3,979,047	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt	BusinessBusinessCd	Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
MISCELLANEOUS INCOME	01	$4,452
PASSTHROUGH K-1 INCOME	14	-$805,198	525990	$20,200
K-1 INCOME NOT IN BOOKS	14	$784,998

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$20,200	UnrelatedBusinessTaxblIncmAmt
Exclusion	$8,309,932	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$8,330,132	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	AUDIT, COMPILATION, TAX COMPLIANCE SERVICES	CategoryTxt
Amt	$48,450	Amt
Net Investment Income	$9,301	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$36,338	DisbursementsCharitablePrpsAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

Field	Value	IRS element (for citing)
Explanation	THE SC ATTORNEY GENERAL'S OFFICE DOES NOT REQUIRE THAT A COPY BE FILED WITH THEIR OFFICE. INSTEAD, THEY MAINTAIN THE RIGHT TO RECEIVE THE FILING IF THEY SO CHOOSE. THE FOUNDATION WILL COMPLY WITH ANY SUCH REQUEST AS APPLICABLE.	ExplanationTxt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$10,035,213	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$10,035,213	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$0	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$0	StateLocalSecEOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

Field	Value	IRS element (for citing)
Category Or Item	SOUTHPARK LAND, BUILDINGS, AND IMPROVEMENTS	CategoryOrItemTxt
Cost Or Other Basis	$6,802,732	CostOrOtherBasisAmt
Accumulated Depreciation	$986,348	AccumulatedDepreciationAmt
Book Value	$5,816,384	BookValueAmt
EOYFMV	$7,000,000	EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (12 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BLACKROCK MULTI-ASSET INCOME PORTFOLIO FD INST CL	FMV	$8,019,375	$8,019,375
BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORT FUND INSLT CLASS	FMV	$8,207,900	$8,207,900
DFA U.S. MICRO-CAP FUND INSTITUTIONAL CLASS	FMV	$11,864,800	$11,864,800
DOUBLELINE TOTAL RETURN BOND FUND CLASS I	FMV	$7,681,289	$7,681,289
LONGLEAF PARTNERS SMALL-CAP FUND	FMV	$10,543,317	$10,543,317
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND ADMIRAL SHARES	FMV	$15,597,711	$15,597,711
VANGUARD EQUITY INCOME FUND ADMIRAL SHARES	FMV	$14,967,561	$14,967,561
VANGUARD TOTAL BOND MARKET INDEX FUND INST SHARES	FMV	$1,659,431	$1,659,431
VANGUARD INSTITUTIONAL INDEX FUND	FMV	$37,332,778	$37,332,778
VANGUARD MID-CAP INDEX FUND ADMIRAL SHARES	FMV	$12,005,209	$12,005,209
AZALEA FUND III	FMV	$809,115	$809,115
RESERVOIR CAPITAL INVESTMENT PARTNERS, L.P.	FMV	$5,883,209	$5,883,209

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Field	Value	IRS element (for citing)
Category Or Item	FURNITURE & OFFICE EQUIPMENT	CategoryOrItemTxt
Cost Or Other Basis	$68,652	CostOrOtherBasisAmt
Accumulated Depreciation	$51,850	AccumulatedDepreciationAmt
Book Value	$16,802	BookValueAmt
EOYFMV	$16,802	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	GENERAL GOVERNANCE AND COUNSEL	CategoryTxt
Legal Fees	$801	LegalFeesAmt
Net Investment Income	$200	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$601	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
MEMBERSHIP CERTIFICATE	$7,000	$7,000	$7,000
NET INVESTMENT IN CHARITABLE DIRECT FINANCING LEASE	$7,899,000	$7,305,000	$7,305,000
LAND AND OTHER ASSETS HELD FOR CHARITABLE PURPOSE	$9,052,222	$15,430,027	$15,430,027

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
UNREALIZED LOSS ON INVESTMENTS	$18,646,297
PRIOR PERIOD ADJUSTMENT TO EXCISE TAX PAYABLE	$131,795

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
DUES AND SUBSCRIPTIONS	$7,311	$1,828	$5,483
INSURANCE	$12,274	$3,069	$9,206
OFFICE SUPPLIES AND EXPENSE	$944	$236	$708
TELEPHONE	$1,704	$426	$1,278
MISCELLANEOUS	$1,597	$399	$1,198
PUBLIC RELATIONS	$60	$15	$45
PROGRAM FEES	$264,384	$0	$264,384
PASSTHROUGH K-1 EXPENSES	$0	$380,239	$0
OTHER TAXES & LICENSES	$12,294	$0	$12,294
OTHER RENTAL EXPENSES	$137,476	$137,476	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
SECTION 965(A) INCOME INCLUSION	$0	$937	$0
MISCELLANEOUS INCOME	$4,452	$4,452	$4,452
PASSTHROUGH K-1 INCOME	-$784,998	-$805,198	-$784,998
K-1 INCOME NOT IN BOOKS	$784,998		$784,998

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	DEFERRED EXCISE TAX BENEFIT	Desc
Amt	$394,000	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	DEFERRED EXCISE TAX LIABILITY	Desc
BOY Book Value	$709,000	BOYBookValueAmt
EOY Book Value	$315,000	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT MANAGEMENT FEES	CategoryTxt
Amt	$85,979	Amt
Net Investment Income	$85,979	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	EXCISE TAXES	CategoryTxt
Amt	$131,249	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt