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    <Timestamp>2013-11-15T12:22:01-08:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>FARRIS COOKE &amp; ASSOCIATES PA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>118 S COLONIAL AVE STE 200</AddressLine1>
        <City>CHARLOTTE</City>
        <State>NC</State>
        <ZIPCode>28207</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>562024977</EIN>
      <Name>
        <BusinessNameLine1>CAROLINAS FREEDOM FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>CARO</NameControl>
      <Phone>7043330377</Phone>
      <USAddress>
        <AddressLine1>2718 PHILLIPS GATE DRIVE</AddressLine1>
        <City>CHARLOTTE</City>
        <State>NC</State>
        <ZIPCode>28210</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>OSBORNE OAKLEY</Name>
      <Title>EXECUTIVE DIRECTOR</Title>
      <Phone>7043330377</Phone>
      <DateSigned>2013-02-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>R GRAY LANGLEY CPA</Name>
      <Phone>7043729406</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990EZ documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation TransfersPersonalBenefitsContractsDeclaration">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <WebSite>WWW.CAROLINASFREEDOMFOUNDATION.COM</WebSite>
      <Organization501c3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">X</Organization501c3>
      <GrossReceiptsLessThan25000>X</GrossReceiptsLessThan25000>
      <GrossReceipts>172243</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>150393</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>0</ProgramServiceRevenue>
      <MembershipDues>0</MembershipDues>
      <InvestmentIncome>0</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>0</GainOrLossFromSaleOfAssets>
      <GamingGrossIncome>0</GamingGrossIncome>
      <FundraisingGrossIncome contributionsReportedOnLine1a="30000" referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleG">21850</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>7434</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>14416</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>0</GroProfitLossSalesOfInventory>
      <TotalRevenue>164809</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>26000</GrantsAndSimilarAmountsPaid>
      <SalariesOtherCompEmplBenefits>17972</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>12674</FeesAndOthPymtToIndContractors>
      <PrintingPublicationsPostage>7744</PrintingPublicationsPostage>
      <OtherExpensesTotal>74396</OtherExpensesTotal>
      <TotalExpenses>138786</TotalExpenses>
      <ExcessOrDeficitForYear>26023</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>23979</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>50002</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>23979</BOY>
        <EOY>50002</EOY>
      </CashSavingsAndInvestments>
      <TotalAssets>
        <BOY>23979</BOY>
        <EOY>50002</EOY>
      </TotalAssets>
      <NetAssetsOrFundBalances>
        <BOY>23979</BOY>
        <EOY>50002</EOY>
      </NetAssetsOrFundBalances>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <PrimaryExemptPurpose>TRAINING FUTURE LEADERS AND SUPPORTING VETERANS IN THE CHARLOTTE AREA</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>CAROLINA'S PARADE FOR VETERANS: OVER 10,000 PEOPLE ATTENDED OR PARTICIPATED INCLUDING AREA HIGH SCHOOL BANDS, ROTC SQUADRONS, VETERANS AND NATIONAL GUARD UNITS.</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>4217</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SCHOLARSHIP SUPPORT TO THE GEN. HUGH SHELTON LEADERSHIP INITIATIVE PROGRAM FOR 30 CHARLOTTE, NC AREA YOUTH RECEIVING LEADERSHIP SKILLS TRAINING.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>5000</GrantsAndAllocations>
        <ProgramServiceExpenses>16478</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>FREEDOM BREAKFAST: OVER 700 PEOPLE ATTENDED A BREAKFAST HONORING VETERANS, MILITARY PERSONNEL AND CIVILIANS FOR OUTSTANDING SERVICE TO OUR COUNTRY THROUGH THEIR PAST AND CURRENT MERITORIOUS DEEDS.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>13000</GrantsAndAllocations>
        <ProgramServiceExpenses>41084</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SEE ATTACHED</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>20000</GrantsAndAllocations>
        <ProgramServiceExpenses>12617</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>74396</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>OSBORNE OAKLEY</PersonName>
        <Title>EXECUTIVE DIRECTOR</Title>
        <AvgHoursPerWkDevotedToPosition>30.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>17972</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <SubjectToProxyTax referenceDocumentName="IRS990ScheduleC">false</SubjectToProxyTax>
      <OrganizationDissolvedEtc referenceDocumentName="IRS990ScheduleN BinaryAttachment">false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>NC</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NamePerson>OSBORNE OAKLEY</NamePerson>
        <AddressUS>
          <AddressLine1>2718 PHILLIPS GATE</AddressLine1>
          <City>DR</City>
          <State>NC</State>
          <ZIPCode>28210</ZIPCode>
        </AddressUS>
        <TelephoneNumber>7043330377</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
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    <IRS990ScheduleA documentId="00000002" softwareId="12000225">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>100537</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>89156</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>118328</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>106500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>150393</CurrentTaxYear>
        <Total>564914</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>100537</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>89156</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>118328</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>106500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>150393</CurrentTaxYear>
        <Total>564914</Total>
      </Total170>
      <PublicSupportTotal170>564914</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>564914</TotalSupport>
      <PublicSupportPertcentage170>1.00000</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>1.00000</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="00000003">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleG documentId="00000004">
      <EventsInformation>
        <NameOfEvent1>SPORTING EVENT</NameOfEvent1>
        <GrossReceiptsEvent1>81850</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>30000</CharitableContributionsEvent1>
        <GrossRevenueEvent1>51850</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>7434</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>81850</GrossReceiptsTotal>
        <CharitableContributionsTotal>30000</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>51850</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>7434</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>7434</DirectExpenseSummaryEvents>
        <NetIncomeSummary>44416</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="00000005" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt III, Line 31</Identifier>
        <Explanation>JR. ROTC AWARDS CEREMONY: CEREMONY TO HONOR ALL MECKLENBURG COUNTY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>HIGH SCHOOL JR. ROTC PARTICIPANTS. HELD IN BOJANGLES ARENA. APPROXIMATELY 5,000</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>ATTENDED INCLUDING PARTICIPANTS AND THEIR GUESTS. COST: $13,350</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 31</Identifier>
        <Explanation>FLAGS IN CLASSROOMS: PROVIDING AMERICAN FLAGS TO THE MECKLENBURG CO.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>SCHOOL SYSTEM. THE FLAGS ARE KEPT IN THE THE MECKLENBURG COUNTY SCHOOL SYSTEM</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>TEACHER SUPPLY STORE. COST: $5,350 BENEFIT TO OVER 100 CLASSROOMS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 10</Identifier>
        <Explanation>PROVIDE ECONOMIC SUPPORT TO A VETERANS GROUP DONATION TO PURPLE HEART HOMES NONE 10000. PROVIDE ECONOMIC SUPPORT TO A VETERANS GROUP DONATION TO PROVIDE OPERATION HOME FRONT NONE 10000. TO SUPPORT THE CHARLOTTE CATHOLIC HIGH SCHOOL FOUNDATONI DONATION TO CATHOLIC CHARLOTTE CATHOLIC HS FOUNDATION NONE 6000.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>EVENT COSTS FOR JR ROTC AWARDS CEREMONY 11553. FLAGS IN CLASSROOMS EXPENSE 1064. VETERANS DAY FREEDOM RALLY/PROGRAM/PARADE 4217. SCHOLARSHIPS - BRIG GEN SHELTON TRAINING PROGRAM 16478. VETERANS DAY/FREEDOM AWARD BREAKFAST EXPENSE 41084.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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