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        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-2724</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-2724</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>The capital loss was a direct result of the Foundation selling publicly traded securities it had received as a contribution.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>Richard M Griffin</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>748 Wood Hollow Road</AddressLine1Txt>
          <CityNm>Taylorsville</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28681</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>512710</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Exxon Mobil Corp, 1,404 Shares</NoncashPropertyDesc>
        <FairMarketValueAmt>108473</FairMarketValueAmt>
        <ReceivedDt>2015-12-21</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Home Depot Inc, 1,000 Shares</NoncashPropertyDesc>
        <FairMarketValueAmt>131310</FairMarketValueAmt>
        <ReceivedDt>2015-12-21</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Intel Corp, 3,700 Shares</NoncashPropertyDesc>
        <FairMarketValueAmt>126688</FairMarketValueAmt>
        <ReceivedDt>2015-12-21</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Target Corp, 1,125 Shares</NoncashPropertyDesc>
        <FairMarketValueAmt>80674</FairMarketValueAmt>
        <ReceivedDt>2015-12-21</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Peoples Bank of NC, 3,392 Shares</NoncashPropertyDesc>
        <FairMarketValueAmt>65565</FairMarketValueAmt>
        <ReceivedDt>2015-12-21</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>Peoples Bank of NC, 3,392 Shares</StockNm>
        <EOYBookValueAmt>65566</EOYBookValueAmt>
        <EOYFMVAmt>65599</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <ReasonableCauseExplanation documentId="RetDoc2125800001">
      <ExplanationTxt>The return was submitted on time and rejected on 5/19/2016. We spoke with the IRS on 6/1/2016 and the reason for rejection was because the IRS e-file database did not have "The Griffin Foundation" as being exempt from Federal income tax under section 501(c)(3) of the Internal Revenue Code.</ExplanationTxt>
    </ReasonableCauseExplanation>
    <SubstantialContributorsSch documentId="RetDoc2089200001">
      <SubstantialContributorDetail>
        <PersonNm>Richard M Griffin</PersonNm>
        <USAddress>
          <AddressLine1Txt>748 Wood Hollow Road</AddressLine1Txt>
          <CityNm>Taylorsville</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28681</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
  </ReturnData>
</Return>