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    <Timestamp>2011-08-15T12:35:43-07:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</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>2010-01-01</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>2011-08-12</DateSigned>
    </Officer>
    <Preparer>
      <Name>R GRAY LANGLEY CPA</Name>
      <Phone>7043729406</Phone>
      <DatePrepared>2011-08-15</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990EZ documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation TransfersPersonalBenefitsContractsDeclaration">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <WebSite>WWW.CAROLINASFREEDOMFOUNDATION.COM</WebSite>
      <Organization501c3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">X</Organization501c3>
      <GrossReceipts>118328</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>118328</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>0</ProgramServiceRevenue>
      <MembershipDues>0</MembershipDues>
      <InvestmentIncome>0</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>0</GainOrLossFromSaleOfAssets>
      <GamingGrossIncome>0</GamingGrossIncome>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>0</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>0</GroProfitLossSalesOfInventory>
      <TotalRevenue>118328</TotalRevenue>
      <FeesAndOthPymtToIndContractors>16847</FeesAndOthPymtToIndContractors>
      <PrintingPublicationsPostage>5796</PrintingPublicationsPostage>
      <OtherExpensesTotal>88150</OtherExpensesTotal>
      <TotalExpenses>110793</TotalExpenses>
      <ExcessOrDeficitForYear>7535</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>14159</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>21694</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>11159</BOY>
        <EOY>17694</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal>
        <BOY>3000</BOY>
        <EOY>4000</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>14159</BOY>
        <EOY>21694</EOY>
      </TotalAssets>
      <NetAssetsOrFundBalances>
        <BOY>14159</BOY>
        <EOY>21694</EOY>
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      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <PrimaryExemptPurpose>SEE STMT</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>CAROLINA'S PARADE FOR VETERANS: OVER 12,000 PEOPLE ATTENDED OR PARTICIPATED INCLUDING AREA HIGH SCHOOL BANDS, ROTC SQUADRONS, VETERANS AND NATIONAL GUARD UNITS.</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>4396</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SCHOLARSHIP SUPPORT TO THE GEN. HUGH SHELTON LEADERSHIP INITIATIVE PROGRAM FOR 20 CHARLOTTE, NC AREA YOUTH RECEIVING LEADERSHIP SKILLS TRAINING.</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>16675</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>
        <ProgramServiceExpenses>45728</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SEE ATTACHED</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>21351</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>88150</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>OSBORNE OAKLEY</PersonName>
        <AddressUS>
          <AddressLine1>2718 PHILLIPS GATE DRIVE</AddressLine1>
          <City>CHARLOTTE</City>
          <State>NC</State>
          <ZIPCode>28210</ZIPCode>
        </AddressUS>
        <Title>EXECUTIVE DIRECTOR</Title>
        <AvgHoursPerWkDevotedToPosition>30.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>16847</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI referenceDocumentName="IRS990ScheduleC">false</OrganizationHadUBI>
      <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>
    </IRS990EZ>
    <IRS990ScheduleA documentId="00000002" softwareId="10000104">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>32075</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>56474</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>100537</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>89156</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>118328</CurrentTaxYear>
        <Total>396570</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>32075</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>56474</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>100537</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>89156</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>118328</CurrentTaxYear>
        <Total>396570</Total>
      </Total170>
      <PublicSupportTotal170>396570</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>396570</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>
    <IRS990ScheduleO documentId="00000004" softwareId="10000104">
      <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: $12,577</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: $2,724 BENEFIT TO OVER 100 CLASSROOMS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 31</Identifier>
        <Explanation>PROJECT COMPASSION: PROVIDING FOR DONATIONS TO A 501(C)(3) ORGANIZATION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>THAT CREATES PORTRAITS OF FALLEN WARRIORS/ US MILITARY PERSONNEL</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>COST: $5,050 - BENEFIT TO OVER 10 FAMILIES OF US MILITARY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 31</Identifier>
        <Explanation>THORLO WIPES FOR TROOPS STATIONED IF AFGHANISTAN: COST $1,000</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>BENEFIT TO OVER 100 US MILITARY PERSONNEL</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>EVENT COSTS FOR JR ROTC AWARDS CEREMONY 12577. FLAGS IN CLASSROOMS EXPENSE 2724. VETERANS DAY FREEDOM RALLY/PROGRAM/PARADE 4396. SCHOLARSHIPS - BRIG GEN SHELTON TRAINING PROGRAM 16675. PROJECT COMPASSION CONTRIBUTIONS 5050. VETERANS DAY/FREEDOM AWARD BREAKFAST EXPENSE 45728. THORLO WIPES FOR TROOPS 1000.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>ACCOUNTS RECEIVABLE 3000. 0. FACILITIES DEPOSITS FOR PROGRAMS 0. 4000.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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