Z Smith Reynolds 586038145_201012_990PF

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Return o f P r i v a t e Foundation OMB No 1545-0052Form 990-PF o r Section 4947( a ) ( 1 ) Nonexempt Charitable Trust O0Department of th e T rea sury Treated as a Private FoundationI n t e r n a l R e v e n u e S e r v i c e N o t e . T h e f o u n d a t i o n may b e a b l e to us e a copy o f t h i s r e t u r n to s a t i s f y s t a t e r e p o r t i n g requirements.For cal endar year 2010, o r t a x year beginning , an d endingG C h e c k a l l t h a t a p p l y : 0n i t i a l r e t ur n i n i t i a l r e t ur n o f a f o r m e r p u b l i c c h a r i t y F i n a l r e t ur nnmended r e t ur n 0d dr e s s c h a ng e 0ame c h a n g eName o f f o u n d a t i o n A Employer i d e nt i fi c a t i on number

Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145Number a n d s t r e e t ( o r P O b o x number i f m a i l i s n o t d e li v e r e d t o s t r e e t a d d r e s s )1

R o o m /swte B T e l e p h o n e number147 SOUTH CHERRY STREET 200 33 6-725-7541

C it y o r town, s t a t e , an d ZI P code C I f exemption a p p l i c a t i o n i s pending check h e r eWINSTON-SALEM , NC 27101 D 1 F o r e i g n o r g a n i z a t i o n s , c h e c k h e r e

H C h e c k t y p e o f o r g a n i z a t i o n : e c ti on 5 0 1 ( c ) ( 3) e x e m p t p r i v a t e f o u n d a t i o n 2 . F o r e i g n o r g a n i z a t i o n s meputt e o r 8 5 % t e st ,check h e r e an d a t t a c h com0e c t i o n 4947 ( a ) ( 1 ) nonexem p t c h a r i t a b l e t r u s t0t h e r t a x a b l e p r i v a t e f o u n d a t i o n E I t r i v a t e f o u n d a t i o n s t a t u s wa s t e r m i n a t e dI F a i r m a r k e t v a l u e o f a l l a s s e t s a t e n d o f y e a r J A c c o u n t i n g m e t h o d : as h A c c r u a l pu n d e r s e c t i o n 5 0 7 ( b ) ( 1 ) ( A ) , c h e c k h e r e

( f r om P ar t l l , c o ! . ( c ) , li ne 1 6 ) 0t h e r ( s p e c i f y ) F I f th e f o u n d a t i o n i s i n a 60-month t e r m i n a t i o1 1 1 1 14 15 18 6 713. ( P a r t 1 , column ( d ) m u s t b e on cash b a s i s . ) nu n d e r s e c t i o n 50 7 ( b ) ( 1 ) B ) , c h e c k h e r ePart I A n a l y s i s o f Revenue an d Expenses ( a) R e v e n u e an d ( b ) N e t i n v e s t m e n t ( c ) A d j u s t e d n et ( d ) D s b u r s e m e n t s( T h e t o t a l o f amounts in columns ( b) ( c ^ and ( d) may no t

necessarily eq ua l th e amounts in column ( a) ) booksx p e n s e s pe r i n c o m e i n c o m e fo r c ha rta b le purposes( c a s h basis only)1 G ; n t r l b u t l o n s , g i f t s , g r a n t s , e t c . , r e c e i v e d 15 , 403 , 934. N / A2 C h e c k^Ot t h e f o u n d a h o n is no t r e q u i r e d t o a t t a c h S c h B3 Interest on sa v i ng s and t e mporary

cash i nv estm ents 18 472 18 , 472.4 D i v i d e n d s a n d i n t e r e s t f r o m s e c ur i t i e s 37 5 , 81 7 . 37 5 , 817.5 a G r o s s r e n t sb Ne t r e n t a l income o r ( l o s s )

6 a N e t g a i n or Qoss ) from s a l e o f a s s e t s n o t on l i n e 1 0 339 , 131. S TATEMENT 1c

Gross sales price fo r a l l 339.15 231a

,s s ets on l i n e ea] C a p i t a l g a i n n e t income ( f r o m P a r t I V , l i n e 2 ) 34 7 6 4 8 : :

C 8 N e t s h o r t - t e r m c a p i t a l g a i n9 Income m o d i f i c a t i o n sGross s a l e s l e s s r e tu r ns10a an d allowancesb Less Cost o f goods soldc G r o s s p r o f i t o r ( l o s s )

s1 1 O t h e r i n c o m e1 2 T o t a l . Add l i n e s 1 t h r o w h 1 1 16 13 7 354. 7 4 1 . 937.1 3 Compensation o f o f fi c e r s a i r e c t o r s , t r u s t e e s , e t c 314 6 35 . 0 . 3 - 1 - 4 , 635.1 4 O t h e r e m p l o y e e s a la r i e s a n d wages 5 99 003 . 0. 599 003 .1 5 P e n s i o n p l a n s , employee b e ne fi t s 2 42 , 902. 0. 242 902 .

y 1 6 a L e g a l f e e s $ TMT 2 1 03 , 6 5 4 . 0. 103 , 6 5 4 .b A c c o u n t i n g f e e s STMT 3 25 , 25 6 . 0. 25 25 6 .C LW c O t h e r p r of e s s i on a l f e es

1 7 I n t e r e s t1 8 T a x e s STMT 4 7 6 , 812. 0. 6 4 , 730.1 9 D e p r e c i a t i o n a n d d e p l e t i o n 78 642 . 0.

' E 2 0 O c c u p a n c y 19 6 7 6 1. 0 . 196 7 6 1 .< 2 1 T r a v e l , c o n f e r e n c e s , a n d m e e t i n g s 18 2 013. 0 . 182 013 .a 2 2 P r i nt i ng a n d p u b l i c a t i o n s 2 815. 0 . 2 815 .c 2 3 O t h e r e x p e n s e s STMT 5 835 , 311. 0. 835 311.

24 T o t a l o p e r a t i n g a n d a d m i n i s t r a t i v ea expenses . Ad d l i n e s 1 3 t h ro ug h 2 3 2 6 5 7 804. 0. 2 56 7 080.0 25 C o n t r i b u t i o n s , g i f t s , g r a n t s p a i d 16 , 96 1 058. 17 009 819.

26 T o t a l expenses a n d d i s b u r s e m e n t s .Ad d l i n e s 2 4 an d 2 5 19 6 18 862. 0. 19 5 7 6 899.

27 S u b t r a c t l i n e 26 f r o m l i n e 1 2 :a Excess of revenue o v e r e x pe n s es a n d disbursements


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P Balance Sheets A u a c h e d s c h e d u l e s a n d a m o u n t s i n t h e d e s c r i p t i o n Beg i n n i n g o f y e a r End o f y e a ra r t I I c o l u m n s h o u l d b e f o r e n d - 0 t - y e a r a m o u n t s o n l y Ma ) Book Va l u e ( b ) Book V a l u e ( c ) F a i r a r k e t V a l u e1 C a s h - n o n - i n t e r e s t - b e a r i n g 110. 110. 110.2 S a v i n g s a n d t e m p or a r y c a s h i n v e s t m e n t s 919 , 643. 740 , 075. 740 F 075.3 A c c o u n t s r e c e i v a b l e ^ 6 , 516.

L e s s : a l l o w a n c e f o r d o u b t f u l a c c o u n t s ^ 5 , 788. 6 516. 6 516 .4 P l e d g e s r e c e i v a b l e ^

L e s s : a l l o w a n c e f o r d o u b t f u l a c c o u n t s ^5 G r a n t s r e c e i v a b l e6 R e c e i v a b l e s d u e f r o m o f f i c e r s , d i r e c t o r s , t r u s t e e s , a n d o t h e r

d i s q u a l i f i e d p e r s o n s7 O t h e r n o t e s a n d l o a n s r e c e i v a b l e ^

L e s s : a l l o w a n c e f o r d o u b t f u l a c c o u n t s ^8 I n v e n t o r i e s f o r s a l e o r u s e9 P r e p a i d e x p e n s es a n d d e t e r r e d c h a r g e s 789.

1 0 a I n v e s t m e n t s - U . S . a n d s t a t e government o b l i g a t i o n sb I n v e s t m e n t s - c o r po r a t e s t o c k STMT 7 10 , 293 , 162. 8 , 347 , 489. 8 , 606 , 768.c I n v e s t m e n t s - c o r p o r a t e bonds STMT 8 6 , 972 , 289. 5 , 6 8 7 18 8. 5 74 4 738.

1 1 i n v e s t m e n t s - l a n d b u i l d i n g s an d e q u i p m e n t . b a s i s ^ 699 , 827.L e s s a c c u m u l a t e d d e p r e c r a b o n ^ 611 3 21 . 159 1 611. 88 , 506. 88 , 506.

1 2 I n v e s t m e n t s - m o r t g a g e l o a n s1 3 I n v e s t m e n t s - o t h e r1 4 L a n d , b u i l d i n g s , and e q u i p m e n t : b a s i s ^

L e s s a c c u m u l a t ed d e p r e c at i o n ^1 5 O t h e r a s s e t s ( d e s c r i b e ^

1 6 T o t a l a s s e t s ( t o b e co m p l e t e d b y a l l f i l e r s ) 18 , 351 , 392. 14 , 869 , 884. 15 , 186 , 713.1 7 A c c o u n t s p a y a b l e a n d a c c r u e d e x p e n s e s1 8 G r an t s p a y ab l e1 9 D e f e r r e d r e v e n u e20 Loans f r o m o f f i c e r s , d i r e c t o r s t r u s t e e s , an d o t h e r d i s q u a l i f i e d persons

2 2 1 M o r t g a g e s a n d o t h e r n o t e s p a y a b l eJ 2 2 O t h e r l i a b i l i t i e s ( d e s c r i b e ^

2 3 T o t a l l i a b i l i t i e s ( a d d l i n e s 1 7 t h r o w h 2 2 ) 0. 0.F o u n d a t i o n s t h at f o l lo w SFAS 1 1 7 , c h e c k h e r e ^and c o m p l e t e l i n e s 2 4 t h r o u g h 2 6 a n d l i n e s 3 0 a n d 3 1 .

2 4 U n r e s t r i c t e dg 2 5 T e m p o r a r i l y r e s t r i c t e dm 2 6 P e r m a n e n t l y r e s t r i c t e dr _ F o u n d a t i o n s t h a t d o n o t f o l l o w SFAS 1 1 7 , c h e c k h e r e ^

and c o m p l e t e l i n e s 2 7 t hr ou g h 3 1 .0 2 7 C a p i t a l s t o c k , t r u s t p r i n c i p a l , o r c u r r e n t f u n d s 0. 0.28 P a i d - i n o r c a p i t a l s u r p l u s , o r l a n d , b l d g . , a n d e q u i p m e n t f u n d 0. 0.

< 29 R e t a i n e d e a r n i n g s , a c c u m u l a t e d i n c o m e , e n d o w m e n t , o r o t h e r f u n d s 18 , 351 , 392. 14 , 869 , 884. STATEMENT 6Z 3 0 T o t a l n e t a s s e t s o r f u n d b a l a n c e s 18 , 351 , 392. 14 , 869 , 884.

3 1 T o t a l l i a b i l i t i e s and n e t a s s e t s / f u n d b a l a n c e s 18 , 351 , 392. 14 , 869 , 884.Part I I I Analysis o f Changes i n Net Assets o r Fund Balances

1 T o t a l n e t ' a s s e t s o r f u n d b a l a n c e s a t b e g i n n i n g o f y e a r - P a r t I I , column ( a ) , l i n e 3 0(must a g r e e w i t h e n d - of - y e a r f i g u r e r e p o r t e d o n p r i o r y e a r ' s r e t u r n )

2 E n t e r amount f r o m P a r t I , l i n e 27a3 O t h e r i n c r e a s e s n o t i n c l u d e d i n l i n e 2 ( i t e m i z e ) ^4 Ad d l i n e s 1 , 2 , a n d 35 D e c r e a s e s n o t i n c l u d e d i n l i n e 2 ( i t e m i z e ) ^

18,351,392.


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F o r m 9 9 0 - P F ( 2 0 1 0 ) Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g e 3Part I V C a p i t a l Gains a nd Losses f o r Ta x on Investment Income

( a ) L i s t and d e s c r i b e t he k in d ( s ) o f p r o p e r t y s o l d ( e . g . , r e a l e s t a t e ,2 - s t o r y b r i c k w a r e h o u s e ; o r common s t o c k , 20 0 s h s . ML C C o . )

( b Ho w a c q u i r e dP u r c h a s eD D o n a t i o n( c D a t e a c q u i r e d(m o , d a y , y r )

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b SEE ATTACHED STATEMENTCde

( e ) G r o s s s a le s p r ic e ( f ) D e p r e c i a t i o n a l l o w e d( o r a l l o w a b l e ) ( g ) C o s t o r o th e r b a s i sp l u s e x p e n s e o f s a l e ( h ) G a i n o r ( l o s s )( e ) p l u s ( f ) minus ( g )abcde 15 , 2 30 , 440. 1 14 882 792. 347 648.

C o m p l e t e o n l y f o r a s s e t s s h o w i n g g a i n i n column ( h ) a n d owned b y t h e f o u n d a t i o n o n 1 2 / 3 1 / 6 9 ( I ) G a i n s ( C o l . ( h ) g a i n m i n u s( I ) F . M . V . a s o f 1 2 / 3 1 / 6 9 ( j ) A d j u s t e d b a s i sa s o f 1 2 / 3 1 / 6 9

( k ) E x c e s s o f c o l . ( i )o v e r c o l . ( j ) , i f a n y

c o l . ( k ) , b ut n o t l e s s t h a n - 0 - ) o rL o s s e s ( f r o m c o l . ( h ) )

abcde 347 , 648.

2C I f g a i n , a l s o e n t e r i n P a r t I , l i n e 7

C a p i t a l g a i n n e t i n c o m e o r ( n e t c a p i t a l l o s s ) I f ( l o s s ) e n t e r - 0 - i n P a r t I , l i n e 7 2 347 , 648.3

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N e t s h o r t - t e r m c a p i t a l g a i n o r ( l o s s ) as d e f i n e d i n s e c t i o n s 1 2 2 2 ( 5 ) a n d ( 6 ) :I f g a i n , a ls o e n te r i n P a r t I , l i n e 8 , column ( c ) .I f ( l o s s ) , e n t e r - 0 - i n P a r t I l i n e 8 3 N/ A

P a r t V Qualification Under Section 4940 ( e ) for Reduced Tax on Ne t Investment Income( F o r o p t i o n a l u s e b y d o me s ti c p r i v a t e f o u n d a t i o n s s u b j e c t t o t h e s e c t i o n 4 9 4 0 ( a ) t a x o n n e t i n v e s t m e n t i n c o m e )I f s e c t i o n 4 9 4 0 ( d ) ( 2 ) a p pl i es , l e a v e t h i s p a r t b l a n k .Wa s t h e f o u n d a t i o n l i a b l e f o r th e s e c t i o n 4942 t a x o n th e d i s t r i b u t a b l e amount o f a n y y e a r i n t h e b a s e p e r i o d ? Y e soI f ' Y e s th e f o u n d a t i o n d o e s n o t q u a l i f y u n d e r s e c t i o n 4940 ( e ) . Do n o t c o m p l e t e t h i s p a r t .1 E n t e r t h e a p p r o p r i a t e amount i n e a c h column f o r e a c h y e a r ; s e e i n s t r u c t i o n s b e f o r e m a k i n g a n y e n t r i e s .

B a s e p e r i o d y e a r sC a l e n d a r y e a r o r t a x y e a r b e g i n n i n g i n ( b )A d j u s t e d q u a l i f y i n g d i s t r i b u t i o n s ( c )N e t v a l u e o f n o n c h a n t a b l e - u s e a s s e t s D i s t r i b u t t i i o nr a t i o( c o l ( b ) d i v i d e d b y c o l . ( c ) )

2 0 0 9 2 3 549 094. 14 0 71 82 8. 1.6734922 0 0 8 2 2 0 53 326. 14 50 2 464. 1.5206612 0 0 7 19 , 92 7 , 637

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2 T o t a l o f l i n e 1 , c o l u m n ( d ) 2 8.0908283 A v e r a g e d i s t r i b u t i o n r a t i o f o r th e 5 - y e a r b a s e p e r i o d - d i v i d e th e t o t a l o n l i n e 2 b y 5 ,

t h e f o u n d a t i o n h a s b e e n i n e x i s t e n c e i f l e s s t h a n 5 y e a r so r b y t h e number o f y e a r s

3 1 .618166

4 E n t e r t h e n e t v a l u e o f n o n c h a r i t a b l e - u s e a s s e t s f o r 2010 f r o m P a r t X , l i n e 5 4 11 , 341 , 965 .5 M u l t i p l y l i n e 4 b y l i n e 3 5 18 , 353 , 182.6 l i n e 2 7 b )n t e r 1% o f n e t i n v e s t m e n t i n c o m e (1 % o f P a r t I 6 7 , 419 .7

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I f l i n e 8 i s e q u a l t o o r g r e a t e r t h a n l i n e 7 , c h e c k t h e b o x i n P a r t V I , l i n e 1 b , a n d c o m pl e te t h a t p a r t u s i n g a 1% t ax r a t e .Se e th e P a r t V I i n s t r u c t i o n s .

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D a t e o f r u l i n g o r d e t e r m i n a t i o n l e t t e r : ( a t t a c h copy o f l e t t e r i f n e c e s s a r y - s e e i n s t r u c t i o n s )b D o m e s t i c f o u n d a t i o n s t h a t m e e t th e s e c t i o n 4 9 4 0 ( e ) r e q u i r e m e n t s i n P a r t V , c h e c k h e r e ^n d e n t e r 1%

o f P a r t I , l i n e 2 7 bc A l l o t h e r d o m e s t i c f o u n d a t i o n s e n t e r 2% o f l i n e 2 7 b . Exempt f o r e i g n o r g a n i z a t i o n s e n t e r 4% o f P a r t I , l i n e 1 2 , c o l . ( b ) .

2 T a x u n d e r s e c t i o n 5 1 1 ( d o m e s t i c s e c t i o n 4 9 4 7 ( a ) ( 1 ) t r u s t s a n d t a x a b l e f o u n d a t i o n s o n l y . O t h e r s e n t e r - 0 - )3 Add l i n e s 1 a n d 24 S u b t i t l e A ( i n c o m e ) ta x ( d o m e s t i c s e c t i o n 4 9 4 7 ( a ) ( 1 ) t r u s t s a n d t a x a b l e f o u n d a t i o n s o n l y . O t h e r s e n t e r - 0 - )5 Tax b a s e d o n i n v e s t m e n t income . S u b t r a c t l i n e 4 f r o m l i n e 3 . I f z e r o o r l e s s , e n t e r - 0 -6 C r e d i t s / P a y m e n t s :

a 2010 e s t i m a t e d ta x payments a n d 2009 o v e r p a y m e n t c r e d i t e d t o 2010 6 a 14 , 059b Exempt f o r e i g n o r g a n i z a t i o n s - ta x w i t h h e l d a t s o u r c e 6 bc T a x p a i d w i t h a p p l i c a t i o n f o r e x t e n s i o n o f t i m e t o f i l e ( F o r m 8 8 6 8 ) 6 cd B a c k u p w i t hh o l d in g e r r o ne o u s l y w i t h h e l d 6 d

7 T o ta l c r ed i ts a n d p a y m e n t s . Ad d l i n e s 6 a t h r o u g h 6d8 E n t e r a n y p e na l ty f o r underpayment o f e s t i m a t e d t a x C h e c k h e r e0f Form 2220 i s a t t a c h e d9 Tax d u e I f t h e t o t a l o f l i n e s 5 a n d 8 i s more t h a n l i n e 7 , e n t e r amount owed ^

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b D i d i t s p e n d m o r e t h a n $100 d u r i n g th e y e a r ( e i t h e r d i r e c t l y o r i n d i r e c t l y ) f o r p o l i t i c a l p u r p o s e s ( s e e i n s t ru c t i on s f o r d e f i n i t i o n )I f t h e answer i s " Y e s " t o 1 a o r 1 b , a t t a c h a d e t a i l e d d e s c r i p t i o n o f t he a c t i v i t i e s an d copies o f an y m a t e r i a l s published ord i s t r i b u t e d by t h e foundation i n connection w i t h t h e a c t i v i t i e s .

c D i d th e f o u n d a t i o n f i l e Form 1120-POL f o r t h i s y e a r ?d E n t e r t h e amount ( i f a n y ) o f t a x o n p o l i t i c a l e x p e n d i t u r e s ( s e c t i o n 4 9 5 5) i m p o s e d d u r i n g t h e y e a r :

( 1 ) O n th e f o u n d a t i o n . ^ $ 0. ( 2 ) On f o u n d a t i o n managers.' $ 0.e E n t e r t h e r e i m b u r s e m e n t ( i f a n y ) p a i d b y t h e f o u n d a t i o n d u r i n g th e y e a r f o r p o l i t i c a l e x p e n d i t u r e ta x i m p o s e d o n f o u nd a t io n

m a n a g e r s . ^ $ 0.2 Ha s t h e f o u n d a t i o n engaged i n a n y a c t i v i t i e s t h a t h a v e n o t p r e v i o us l y b e e n r e p o r t e d t o th e I R S

I f " Y e s , " a tt a c h a d e t a i l e d d e s c r i p t i o n of t h e a c t i v i t i e s3 Has th e f o u n d a t i o n made any c h a n g e s , n o t p r e vi o us l y r e p or t ed t o t he I RS , i n i t s g o v e r n i n g i n s t r u m e n t , a r t i c l e s o f i n c o r p o r a t i o n , o r

b y l a w s , o r o t h e r s i m i l a r i n s t r u m e n t s I f " Y e s , ' a tt a c h a conformed copy o f t h e changes4 a D i d th e f o u n d a t i o n h a v e u n r e l a t e d b u s i n e s s g r o s s i n c o m e o f $ 1 , 0 0 0 o r more d u r i n g th e y e a r ? _

b I f " Y e s , " h a s i t f i l e d a t a x r e t u r n o n Form 9 9 0 - T f o r t h i s y e a r ? N/A5 Wa s t h e r e a l i q u i d a t i o n , t e r m i n a t i o n , di s s olu t i on , o r s u b s t a n t i a l c o n tr a c t io n d u r i ng th e year

I f " Y e s , " a t t a c h t h e statement required by General I n s t r u c t i o n T6 A r e th e r e q u i r e m e n t s o f s e c t i o n 5 0 8 ( e ) ( r e l a t i n g t o s e c t i o n s 4 9 4 1 t h r o u g h 4 9 4 5 ) s a t i s f i e d e i t h e r :

By l a n g u a g e i n t h e g o v e r n i n g i n s t r u m e n t , o r By s t a t e l e g i s l a t i o n t h a t e f f e c t i v e l y amends t h e g o v e r n i n g i n s tr u m e nt s o t h a t n o m a n d a t o r y d i r e c ti o ns t h a t c o n f l i c t wi t h t h e s t a t e l a w

r e m a i n i n t h e g o v e r n i n g i n s t r u m e n t ?7 D i d th e f o u n d a t i o n h a v e a t l e a s t $ 5 , 0 0 0 i n a s s e t s a t a n y t i m e d u r i n g th e y e a r ?

I f " Y e s , " complete P a r t 1 1 , c o l ( c ) , and P a r t XVB a E n t e r t h e s t a t e s t o w h i c h t h e f o u n d a t i o n r e p o r t s o r w i t h w h i c h i t i s r e g i s t e r e d ( s e e i n s t ru c t i on s ) ^

b I f t h e a n s w e r i s ' Y e s " t o l i n e 7 , h a s t h e f o u n d a t i o n f u r n i s h e d a c o p y o f Form 9 9 0 - P F t o th e A t t o r n e y G e n e r a l ( o r d e s i g n a t e )o f e a c h s t a t e a s r e q u i r e d b y General I n s t r u c t i o n G' I f " N o , " a t t a c h e x p l a n a t i o n

9 I s t h e f o u n d a t i o n c l a i m i n g s t a t u s a s a p r i v a t e o p e r a t i n g f o u n d a t i o n wi t h i n th e m e a n i n g o f s e c t i o n 4 9 4 2 ( j ) ( 3 ) o r 4 9 4 2 ( f ) ( 5 ) f o r c a l e n d a ry e a r 2 0 1 0 o r t h e t a x a b l e y e a r b e g i n n i n g i n 2010 ( s e e i n s t ru c t i on s f o r P a r t X I V ) ? I f " Y e s , " complete P a r t XIV

A flit on,, nnrennc hnrnmo cnhcianti.i rnntnhi itnrc rinrmnn tho ta v vanr'? av--. . - . h . I - , . . . . th---A AAr.-

6, 6 400 .

Yes No1 a X

1 c X

X

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F o r m 9 9 0 - P F ( 2 0 1 0 ) Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g ePart V I I - A Statements Regarding A c t i v i t i e s ( c o n t i n u e d )1 1 A t a n y t im e d u ri n g t h e y e a r , d i d t h e f o u n d a t i o n , d i r e c t l y o r i n d i r e c t l y , ow n a c o n t r o l l e d e n t i t y w i t h i n t h e m e a n i n g o f

s e c t i o n 5 1 2 ( b ) ( 1 3 ) ? I f ' Y e s , " a t t a c h s c h e d u l e ( s e e i n s t r u c t i o n s ) 1 1 X1 2 D i d t h e f o u n da t i o n a c q u ir e a d i r e c t o r i n d i r e c t i n t e r e s t i n a n y a p p l i c a b l e i n s u r a n c e c o nt r a c t b e f o r e

A u g u s t 1 7 , 2008? 1 2 X1 3 D i d t h e f o u n d a t i o n comply w i t h t h e p u b l ic i n sp e c ti o n r e q u i r e m e n t s f o r i t s a n n u a l r e t u r n s a n d e x e m p t i o n a p p l i c a t i o n 2 1 3 X

W e b s i t e a d d r e s s ^ WWW.ZSR . ORG1 4 T h e b o o k s a r e i n c a r e o f ^ BARBARA MABE T e l e p h o n e n o . ^ 3 3 6 - 7 2 5 - 7 5 41

L o c a t e d a t ^147 S. CHERRY ST, ST 200 WINSTON- SALEM , NC Z I P + 4 27101-52871 5 S e c t i o n 4 9 4 7 ( a ) ( 1 ) n o n e x e m p t c h a r i t a b l e t r u s t s f i l i n g F o r m 9 9 0 - P F i n l i e u o f F o r m 1 0 4 1 - C h e c k h e r e ^0a n d e n t e r t h e amount o f t a x - e x e m p t i n t e r e s t r e c e i v e d o r a c c r u e d d u r i n g t h e y e a r ^ 1 5 N/ A

1 6 A t a n y t i m e d u r i n g c a l e n d a r y e a r 2 0 1 0 , d i d t h e f o u n d a t i o n h a v e a n i n t e r e s t i n o r a s i g n a t u r e o r o t h e r a u t h o r i t y o v e r a b a n k , Yes Nos e c u r i t i e s , o r o t h e r f i n a n c i a l a c c o u n t i n a f o r e i g n c o u n t r y ? 1 6 XS e e p a g e 2 0 o f t h e i n s t r u c t i o n s f o r e x c e p t i o n s a n d f i l i n g r e q u i r e m e n t s f o r F or m T D F 9 0 - 2 2 . 1 . I f ' Y e s , e n t e r t h e name o ft h e f o r e i g n c o u n tPart V I I - B Statements Regarding A c t i v i t i e s f o r Which F o r m 4720 May Be RequiredF i l e F o r m 4720 i f a ny item i s checked i n the " Yes" c o l u m n , unless a n exception a p p l i e s . Yes No

1 a D u r i n g t h e y e a r d i d t h e f o u n d a t i o n ( e i t h e r d i r e c t l y o r i n d i r e c t l y ) :( 1 ) E n g a g e i n t he s a l e o r e x c h a n g e , o r l e a s i n g o f p r o p e r t y w i t h a d i s q u a l i f i e d p e r s o n ? 0e so( 2 ) B o r r o w money f r o m , l e n d money t o , o r o t h e r w is e e x te n d c r e d i t t o ( o r a c c e p t i t f r o m )

a ' 4 s q u a l i f i e d p e r s o n ? ED Y e so( 3 ) F u r n i s h goods , s e r v i c e s , o r f a c i l i t i e s t o ( o r a c c e p t them f r o m ) a d i s q u a l i f i e d p e r s o n ? 0e so( 4 ) P a y c o m p e n s a t i o n t o , o r p a y o r r e i m b u r s e t h e e x p e n s e s o f , a d i s q u a l i f i e d p e r s o n ? e s0o( 5 ) T r a n s f e r a n y i n c o m e o r a s s e t s t o a d i s q u a l i f i e d p e r s o n ( o r make any o f e i t h e r a v a i l a bl e

f o r t h e b e n e f i t o r u s e o f a d i s q u a l i f i e d p e r s o n ) ? 0e so( 6 ) A g r e e t o p a y money o r p r o p e r t y t o a g o v e r n m e n t o f f i c i a l ? ( E x c e p t i o n Check ' N o '

i f t h e f o u n d a t i o n a g r e e d t o make a g r a n t t o o r t o employ t h e o f f i c i a l f o r a p e r i o d a f t e rt e r m i n a t i o n o f government s e r v i c e , i f t e r m i n a t i n g w i t h i n 9 0 d a y s . ) 0e so

b I f a n y a n s w e r i s ' Y e s " t o l a ( 1 )- ( 6 ), d i d a n y o f t h e a ct s f a i l t o q u a l i f y u n d e r t h e e x c e p t i o n s d e s c r i b e d i n R e g u l a t i o n ss e c t i o n 5 3 . 4 9 4 1 ( d )- 3 o r i n a c ur r e nt n ot ic e r e g a r d in g d i s a s t e r a s s i s t a n c e ( s e e p a g e 2 2 o f t h e i n st r u ct i o ns ) ?O r g a n i z a t i o n s r e l y i n g o n a c u r r e n t n o t i c e r e g a r d i n g d i s a s t e r a s s i s t a n c e c h e c k h e r e ^El

c D i d t h e f o u n d a t i o n e n g a g e i n a p r i o r y e a r i n a n y o f t h e a c t s d e s c r i b e d i n l a , o t he r t h a n e x c e p t e d a c t s , t h a t w e r e n o t c o r r e c t e db e f o r e t h e f i r s t d a y o f t h e t a x y e a r b e g i n n i n g i n 2010?T a x e s o n f a i l u r e t o d i s t r i b u t e i n c o m e ( s e c t i o n 4942 ) ( d o e s n ot a p p l y f o r y e a r s t h e f o u n d a t i o n wa s a p r i v a t e o p e r a t i n g f o u n d a t i o nd e f i n e d i n s e c t i o n 4942 ( l ) ( 3 ) o r 4 9 4 2 ( l ) ( 5 ) ) :

a A t t h e e n d o f t a x y e a r 2 0 1 0 , d i d t h e f o u n d a t i o n h a v e a n y u n d i s t r i b u t e d i n c o m e ( l i n e s 6d a n d 6 e , P a r t X I I I ) f o r t a x y e a r ( s ) b e g i n n i n gb e f o r e 20109 El Y e soI f ' Y e s , " l i s t t h e y e a r s^

b A r e t h e r e a n y y e a r s l i s t e d i n 2 a f o r w h i c h t h e f o u n d a t i o n i s n o t a p p l y i n g t h e p r o v i s i o n s o f s e c t i o n 4 9 4 2 ( a ) ( 2 ) ( r e l a t i n g t o i n c o r r e c tv a l u a t i o n o f a s s e t s ) t o t he y e a r 's u n d is t r ib u t e d i n c o m e ? ( I f a p p l yi n g s e ct io n 4 9 4 2 ( a ) ( 2 ) t o a l l y e a r s l i s t e d , a n s w e r ' N o " a n d a t t a c hs t a t e m e n t - s e e i n s t r u c t i o n s . ) N/A

c I f t h e p r o v i s i o n s o f s e c t i o n 4 9 4 2 ( a ) ( 2 ) a r e b e i n g a p p l i e d t o a n y o f t h e y e a r s l i s t e d i n 2 a , l i s t t h e y e a r s h e r e .

3 a D i d t h e f o u nd a t io n h o l d more t h a n a 2% d i r e c t o r i n d i r e c t i n t e r e s t i n a n y b u s i n e s s e n t e r p r i s e a t a n y t i m ed u r i n g t h e y e a r ? 0e so

b I f " Y e s , " d i d i t h a v e e x c e s s b u s i n e s s h o l d i n g s i n 2 0 1 0 a s a r e s u l t o f ( 1 ) a n y p u r c h a s e b y t h e f o u n d a t i o n o r d i s q u a l i f i e d p e r s o n s a f t e rMa y 2 6 , 1 9 6 9 ; ( 2 ) t h e l a p s e o f t h e 5 - y e a r p e r i o d ( o r l o n g e r p e r i o d a p p r o v e d b y t h e C o m m i s s i o n e r u n d e r s e c t i o n 4 9 4 3 ( c ) ( 7 ) ) t o d i s p o s eo f h o l d i n g s a c q u i r e d b y g i f t o r b e qu e st ; o r ( 3 ) t h e l a p s e o f t h e 1 0 - , 1 5 - , o r 2 0 - y e a r f i r s t p h a s e h o l d i n g p e r i o d ? ( U s e Schedule C ,F o r m 4 7 2 0 , t o determine i f t h e foundation ha d excess business h o l d i n g s i n 2 0 1 0 ) N/A

4 a D i d t h e f o u n d a t i o n i n v e s t d u r i n g t h e y e a r a n y amount i n a manner t h a t w o u l d j e o p a r d i z e i t s c h a r i t a b l e purposesb D i d t h e f o u n d a t i o n make a n y i n v e s t m e n t i n a p r i o r y e a r ( b u t a f t e r December 3 1 , 1 9 6 9 ) t h a t c o u l d j e o p a r d i z e i t s c h a r i t a b l e p u r p o s e t h a t

had n o t b e e n removed f r o m i e on a rd v b e f o r e t h e f i r s t d a y o f t h e t a x y e a r beommna i n 2010?

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Part V I I - B Statements Regardinq A c ti v it i es f o r Wh ich F or m 4720 May Be Required ( c o n t i n u e d )5 a D u r i n g t h e y e a r d i d t h e f o u n d a t i o n p a y o r i n c u r any amount t o :

( 1 ) C ar ry o n p r o p a g a n d a , o r o t h e r w i s e a t t e m p t t o i n f l u e n c e l e g i s l a t i o n ( s e c t i o n 4945 ( e ) ) ? 0eso( 2 ) I n f l u e n c e t h e outcome o f an y s p e c i f i c p u b l i c e l e c t i o n ( s e e s e c t i o n 4955 ) ; o r t o c a r r y o n , d i r e c t l y o r i n d i r e c t l y ,

a n y v o t e r r e g i s t r a t i o n d r i v e ? Yeso( 3 ) P r o v i d e a g r a n t t o a n i n d i v i d u a l f o r t r a v e l , s t u d y , o r o t h e r s i m i l a r p u r p o s e s ? es0o( 4 ) P r o v i d e a g r a n t t o a n o r g a n i z a t i o n o t h e r t h a n a c h a r i t a b l e , e t c . , o r g a n i z a t i o n d e s c r i b e d i n s e c t i o n

5 0 9 ( a ) ( 1 ) , ( 2 ) , o r ( 3 ) , o r s e c t i o n 4940 ( d ) ( 2 ) ? 0eso( 5 ) P r o v i d e f o r a n y p u r p o s e o t h er t h an r e l i g i o u s , c h a r i t a b l e , s c i e n t i f i c , l i t e r a r y , o r e d u c a t i o n a l p u r p o s e s , o r f o r

t h e p r e v e n t i o n o f c r u e l t y t o c h il d re n o r a n i m a l s ? 0esob I f a n y a n s w e r i s ' Y e s ' t o 5 a ( 1 ) - ( 5 ) , d i d any o f t h e t r a n s a c t i o n s f a i l t o q u a l i f y u n d e r t h e e x c e p t i o n s d e s c r i b e d i n R e g u l a t i o n ss e c t i o n 53 . 4 9 4 5 o r i n a c u r r e n t n o t i c e r e g a r d i n g d i s a s t e r a s s i s t a n c e ( s e e i n s t r u c t i o n s ) ? 5 b XO r g a n i z a t i o n s r e l y i n g o n a c u r r e n t n o t i c e r e g a r d i n g d i s a s t e r a s s i s t a n c e c h e c k h e r e ^0

c I f t h e a n s w e r i s ' Y e s ' t o q u e s t i o n 5 a ( 4 ) , d o e s t h e f o u n d a t i o n c l a i m e x e m p t i o n f r o m t h e t a x b e c a u s e i t m a i n t a i n e de x p e n d i t u r e r e s p o n s i b i l i t y f o r t he g ra nt ? N/A fl Yes El NoI f " Y e s , " a t t a c h t h e statement required by Regulations s e c t i o n 5 3 4945-5(d)

6 a D i d t h e f o u n d a t i o n , d u r i n g t h e y e a r , r e c e i v e a n y f u n d s , d i r e c t l y o r i n d i r e c t l y , t o p a y premiums o na p e r s o n a l b e n e f i t c o n t r a c t s 0eso

b D i d t h e f o u n d a t i o n , d u r i n g t h e y e a r , p a y premiums , d i r e c t l y o r i n d i r e c t l y , o n a p e r s o n a l b e n e f i t c o n t r a c t ? XI f " Y e s " t o 6b , f i l e Form 8870.

7 a A t a n y t i m e d u r i n g t h e t ax y e ar , wa s t h e f o u n d a t i o n a p a r t y t o a p r o h i b i t e d t a x s h e l t e r t r a n s a c t i o n ? YesonI f ' Y e s , d i d t h e f o u n d a t i o n r e c e i v e a n v o r o c e e d s o r h a v e a n v n e t i n c o m e a t t r i b u t a b l e t o t h e t r a n s a c t i o n ? N/A 7 bPart V I I I Information About O f f i c e r s , Directors , Trustees , Foundation Managers , Highly0aid Employees, a nd Contractors1 List al l n f f i r a r s dirertnrc fructees foundation manaaers and their comnensation.( a ) N ame a n d a d d r e s s ( b ) T i t l e , a n d a v e r a g eh o u r s p e r week d e v o t e dto p o s i t i o n ( c ) C o m p e n s a t i o n( I f n o t p a i de n t e r - 0 - ) ( d)Cantdbubonstem p a n d e e t e f r e d p la n sb e n e f i tc o m p e n s a t o n ( e ) E x p e n s ea c c o u n t , o t h e ra l l o w a n c e sSEE S TATEMENT 9 3 14 6 3 5 . 5 8 , 8 6 8 . 0.

9 Cmmnancatinn of fiuo hinhast-nairl amnlnu s (other than those inrludp_d on line 11 I f none- enter "NONE."

( a ) Name a n d a d d r e s s o f e a c h e m p l o y e e p a i d m o r e t h a n $ 5 0 , 0 0 0 ( b ) T i t l e , a n d a v e r a g eh o u r s p e r weekd e v o t e d t o p o s i t i o n ( c ) C o m p e n s a t i o n( d j c o n m b u u o n s t oe p a y e ed d e f e i T e d p l a n sa n d d e t e r r e dc o m p e n s a t i o n

( e ) E x p e n s ea c c o u n t , o t h e ra l l o w a n c e sMARY F. DONNAN - 810 CLOVELLY ROAD , PROGRAM OFFICERWINSTON-SALEM , NC 27106 40.00 67 , 270. 40 , 381. 0.JOY VERMILLION HEINSOHN - 5041 IRECTOR FOR PROGRAMSFLEETWOOD CR , WINSTON-SALEM , NC 40.00 77 , 500. 26 , 198. 0.R.H. TRUAX - 101 BOLINWOOD DR. , -PROGRAM OFFICERCHAPEL HILL , NC 27514 40.00 60 , 600. 3 8 , 4 5 9 . 0 .JAMES GORE - 20 E. SPRAGUE ST. , PROGRAM OFFICERWINSTON-SALEM , NC 27106 40.00 76 1 800. 13 , 6 4 5 . 0 .BARBARA J. MABE MINISTRATI ASSIST T1033 FAIN ROAD,WE S TFIELD NC 2705 3 40.00 52 620. 97 - 284. 0 .T o t a l n u m b e r o f o t h e r e m p l o y e e s p a i d o v e r $ 5 0 , 0 0 0 ^ I 1

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F o r m 9 9 0 - P F ( 2 0 1 0 ) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 P a g e 7Part V l l l Information About O f f i c e r s , D i r e c t o r s , Trustees , Foundation Man ag e r s , HighlyPaid E mp l o y e e s , a n d Contractors ( c o n t i n u e d )3 F i v e highest - paid independent contractors f o r professional services . I f n o n e , enter " NONE."

( a ) Name and a d d r e s s o f e a c h p e r s o n p a i d more t h a n $ 5 0 , 0 0 0 ( b ) T y p e o f s e r v i c e ( c ) CompensationBROOKS , PIERCE , MCLENDON , HUMPHREY & LEONARD- 230 N. ELM ST. , STE. 2000 , GREENSBORO , NC LEGAL SERVICES 103 654.

To tal number o f o t h e r s r e c e i v i n g o v e r $ 5 0 , 000 f o r p r o f e s s i o n a l s e r v i c e s 0Part IX-A Summary o f Direct Charitable A c t i v i t i e sL i s t t he f o u n d a t i o n ' s f o u r l a r g e s t d i r e c t c h a r i t a b l e a c t i v i t i e s d u r i n g t h e t a x y e a r . I n cl u d e r e l e v a nt s t a t i s t i c a l i n f o r m a t i o n s u c h a s th enumber o f o r g a n i z a t i o n s a n d o t h e r b e n e f i c i a r i e s s e r v e d , c o n f e r e n c e s c o n v e n e d , r e s e a r c h p a p e r s p r o d u ce d , e t c . E x p e n s e s1SEE STATEMENT A

425 276.2

3

4

P a r t I X - B Summary o f Pro aram - Re l ate d Inv e s t me nt sD e s c r i b e t h e t w o l a r g e s t p r o g r a m - r e l a t e d i n v e s t m e n t s made b y t h e f o u n d a ti o n d u r i n g t h e t a x y e a r o n l i n e s 1 a n d 2 . Amount

1 NONE0.

2

A l l o t h e r p r o g r a m - r e l a t e d i n v e s t m e n t s . S e e i n s t r u c t i o n s .3 NONE

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1 F a i r m a r k e t v a l u e o f a s s e t s n o t u s e d ( o r h e l d f o r u s e ) d i r e c t l y i n c a r r y i n g o u t c h a r i t a b l e , e t c . , p u r p o s e s :a A v e r a g e m o n t h l y f a i r m a r k e t v a l u e o f s e c ur i t i es l a 11 , 478 , 988.b A v e r a g e o f m o n t h l y c a s h b a l a n c e s l b 35 , 697.c F a i r m a r k e t v a l u e o f a l l o t h e r a s s e t s 1 c 0.d T o t a l ( a d d l i n e s l a , b , a n d c ) 1 d 11 , 5 14 685.e R e d u c t i o n c l a i m e d f o r b l o c k a g e o r o t h e r f a c t o r s r e p o r t e d o n l i n e s l a a n d

1 c ( a t t a c h d e t a i l e d e x p l a n a t i o n ) l e 0.2 A c q u i s i t i o n i n d e b t e d n e s s a p p l i c a b l e t o l i n e 1 a s s e t s 2 0.3 S u b t r a c t l i n e 2 f r o m l i n e 1 d 3 11 , 514 685.4 C a s h deemed h e l d f o r c h a r i t a b l e a c t i v i t i e s . E n t e r 1 1/2% o f l i n e 3 ( f o r g r e a t e r a m o u n t , s e e i n s t r u c t i o n s ) 4 172 720.5 N e t v a l u e o f n o nc h a r i t a b l e - us e a s s e t s . S u b t r a c t l i n e 4 f r o m l i n e 3 . E n t e r h e r e a n d o n P a r t V , l i n e 4 5 11 341 965.6 Minimum i n v e s t m e n t r e t u r n . E n t e r 5 % o f l i n e 5 6 5 67 098.Part XI Distributable Amount ( s e e i n s t r u c t i o n s ) ( S e c t i o n 4 9 4 2 ( l ) ( 3 ) a n d ( 1 ) ( 5 ) p r i v a t e o p e r a t i n g f o u n d a t i o n s a n d c e r t a i nf o r e i g n o r g a n i z a t i o n s c h e c k h e r e ^0n d do n o t c o m p l e t e t h i s p a r t . )

1 Minimum i n v e s t m e n t r e t u r n f r o m P a r t X , l i n e 62 a T a x o n i n v e s t m e n t i n c o m e f o r 2010 f r o m P a r t V I , l i n e 5

b I n c o m e t a x f o r 2 0 1 0 . ( T h i s d o e s n o t i n c l u d e t h e t a x f r o m P a r t V I . )c Add l i n e s 2 a a n d 2 b

3 D i s t r i b u t a b l e amount b e f o r e a d j us t m e n t s . S u b t ra c t l i n e 2 c f r o m l i n e 14 R e c o v e n : e s o f amounts t r e a t e d a s q u a l i fy i n g d i s t r i bu t i o ns5 Add l i n e s 3 a n d 46 D e d u c t i o n f r o m d i s t r i b u t a b l e amount ( s e e i n s t r u c t i o n s )

5

5 5

Part X I I Q u a l i f y i n g D i s t r i b u t i o n s ( s e e i n s t r u c t i o n s )1

aAmounts p a i d ( i n c l u d i n g a d m i n i s t r a t i v e e x p e n s e s ) t o a c c o m p l i s h c h a r i t a b l e , e t c . , p u r p o s e s :E x p e n s e s , c o n t r i b u t i o n s , g i f t s , e t c . - t o t a l f r o m P a r t I , column ( d ) , l i n e 2 6 1 a 19 , 576 , 899.

b P r o g r a m - re l a t e d i n v e s t m e n t s - t o t a l f r o m P a r t I X - B l b 0.2 Amounts p a i d t o a c q u i r e a s s e t s u s e d ( o r h e l d f o r u s e ) d i r e c t l y i n c a r r y i n g o u t c h a r i t a b l e , e t c . , p u r p o s e s 2 16 , 95 33

aAmounts s e t a s i d e f o r s p e c i f i c c h a r i t a b l e p r o j e c t s t h a t s a t i s f y t h e :S u i t a b i l i t y t e s t ( p r i o r I R S a p p r o v a l r e q u i r e d ) 3 a

b Cash d i s t r i b u t i o n t e s t ( a t t a c h t h e r e q u i r e d s c h e d u l e ) 3 b4 Q u a l i f y i n g d i s t r i b u t i o n s . Add l i n e s l a t h r o u g h 3 b . E n t e r h e re a n d o n P a rt V , l i n e 8 , a n d P a r t X I I I , l i n e 4 4 19 , 5 93 , 8 5 2 .5 F o u n d a t i o n s t h a t q u a l i f y u n d e r s e c t i o n 4 9 4 0 ( e ) f o r t h e r e d u c e d r a t e of t a x o n n e t i n v e s t m e n t

i n c o m e . E n t e r 1% o f P a r t I , l i n e 27b 5 7 , 419.6 A d j u s t e d q u a l i f y i n g d i s t r i b u t i o n s . S u b t r a c t l i n e 5 f r o m l i n e 4 6 19 , 586 , 433.

N o t e . T h e amount o n l i n e 6 w i l l b e u s e d i n P a r t V , column ( b ) , i n s u b s e q u e n t y e a r s when c a l c u l a t i n g w h e t h e r t h e f o u n d a t i o n q4 9 4 0 ( e ) r e d u c t i o n o f t a x i n t h o s e y e a r s .

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( a ) ( b ) ( c ) ( d )C o r p u s Y e a r s p r i o r t o 2009 2009 2010

1 D i s t r i b u t a b l e amount f o r 2010 f r o m P a r t X I ,l l n e 7 60 9 339.

2 U n d i s t r ib u t e d i n c om e , i f any, as of th e end o f 2010a E n t e r a m o u n t f o r 2 0 0 9 o n l y 445 , 923.b T o t a l f o r p r i o r y e a r s : 0.

3 E x c e s s d i s t r i b u t i o n s c a r r y o v e r , i f a n y , t o 2 0 1 0 :a F r o m 2 0 0 5b From 2006c F r om 2 0 0 7d From 2008e From 200 9f T o t a l o f l i n e s 3 a t h r o u g h e 0.

4 Q u a l i f y i n g d i s t r i b u t i o n s f o r 2010 f r o mP a r t X l 1 , l i n e 1 9 59 3 852.

a A p p l i e d t o 2 0 0 9 , b u t n o t m o r e t h a n l i n e 2 a 445 , 923.b A p p l i e d t o u n d i s t r i b u t e d i n c o m e o f p r i o r

y e a r s ( i 2 l e c t l o n r e q u i r e d - s e e i n s t r u c t i o n s ) 0.c T r e a t e d a s d i s t r i b u t i o n s o u t o f c o r p u s

( E l e c t i o n r e q u i r e d - s e e i n s t r u c t i o n s ) * * 1 9 , 0 44 , 389.d A p p l i e d t o 2 0 1 0 d i s t r i b u t a b l e amount 103 , 540.e R e m a i n i n g amount d i s t r i b u t e d o u t o f c o r p u s 0.

5 Excess d i s t r i b u t i o n s c a r r y o v e r a p pl i e d t o 2010 0. 0.( I f an amount appe a r s in column ( d) , th e same amountmust be shown i n column ( a) )

6 E n t e r t h e n e t t o t a l o f e a c h column a si n d i c a t e d b e l o w :

a Corpus Add l i n e s 3 f, 4c, and 4e Su b trac t l i n e 5 19 0 44 , 389.b P r i o r y e a r s' u nd i st r i b ut e d i n c o m e . S u b t r a c t

l i n e 4 b f r o m l i n e 2 b 0.c E n t e r t h e amount o f p r i o r y e a r s '

u n d i s t r i b u t e d i n c o m e f o r w h i c h a n o t i c e o fd e f ic i e nc y h a s b e e n i s s u e d , o r o n w h i c ht h e s e c t i o n 4 9 4 2 ( a ) t a x h a s b e e n p r e v i o u s l ya s s e s s e d 0 .

d S u b t r a c t l i n e 6 c f r o m l i n e 6 b . T a x a b l ea m o u n t - s e e i n s t r u c t i o n s 0 .

e U n d i s t r i b u t e d i n c o m e f o r 2 0 0 9 . S u b t r a c t l i n e4a f r o m l i n e 2 a . T a x a b l e amount - s e e i n s t r 0.

i f U n d i s t r i b u t e d i n c o m e f o r 2 0 1 0 . S u b t r a c tl i n e s 4 d a n d 5 f r o m l i n e 1 . T h i s amount mustb e d i s t r i b u t e d i n 2 0 1 1 505 , 799.

7 Amounts t r e a t e d a s d i s t r i b u t i o n s o u t o fc o r p u s t o s a t i s f y r e q u i r e m e n t s i m p o s e d b ys e c t i o n 1 7 0 ( b ) ( 1 ) ( F ) o r 4 9 4 2 ( g ) ( 3 ) 19 , 044 , 389.8 E x c e s s d i s t r i b u t i o n s c a r r y o v e r f r o m 2005n o t a p p l i e d o n l i n e 5 o r l i n e 7 0.

9 Excess d i s t r i b u t i o n s c a r r y o v e r t o 2 0 1 1S u b t r a c t l i n e s 7 an d 8 f r o m l i n e 6 a 0.

1 0 A n a l y s i s o f l i n e 9 :a E x c e s s f r o m 2 0 0 6b E x c e s s f r o m 2 0 0 7c E x c e s s f r o m 2 0 0 8d E x c e s s f r o m 2 0 0 9e E x c e s s f r o m 2010

* * SEE STATEMENT 1 0 F o r m 9 9 0 - P F ( 2 0 1 0 )0 2358112-07-10


10/73

1Part XI V I Private Operating Foundations ( s e e i n s t r u c t i o n s and P a r t V I I - A , q u e s t i o n 9 ) N/A1 a I f t h e f o u n d a t i o n h a s r e c e i v e d a r u l i n g o r d e t e r m i n a t i o n l e t t e r t h a t i t i s a p r i v a t e o p e r a t i n g

f o u n d a t i o n , a n d t h e r u l i ng i s e f f e c t i v e f o r 2 0 1 0 , e n t e r t he d at e o f t h e r u l i n g ^b C h e c k box t o i n d i c a t e w h e t h e r t h e f o u n d a t i o n i s a o n v a t e o n e r a t i n p f o u n d a t i o n d e s c r i b e d i n s e c t i o n El 4 9 4 2 ( 1 ) ( 3 ) o r C4 9 4 2 ( 1 ) ( 5 )

2 a E n t e r t h e l e s s e r o f t h e a d j u s t e d n e ti n c o m e f r o m P a r t I o r t h e minimumi n v e s t m e n t r e t u r n f r o m P a r t X f o re a c h y e a r l i s t e d

b 85 % o f l i n e 2 ac Q u a l i f y i n g d i s t ri b u t i o n s f r o m P a r t X I I ,

l i n e 4 f o r e a c h y e a r l i s t e dd Amounts i n c l u d e d i n l i n e 2 c n o t

u s e d d i r e c t l y f o r a c t i v e c o n d u c t o fe x e m p t a c t i v i t i e s

e Q u a l i f y i n g d i s t r i b u t i o n s made d i r e c t l yf o r a c t i v e c o n d u c t o f exempt a c t i v i t i e s .S u b t r a c t l i n e 2 d f r o m l i n e 2 c

3 C o m p l e t e 3 a , b , o r c f o r t h ea l t e r n a t i v e t e s t r e l i e d u p o n :

a " A s s e t s ' a l t e r n a t i v e t e s t - e n t e r :( 1 ) V a l u e o f a l l a s s e t s( 2 ) V a l u e o f a s s e t s q u a l i f y i n g

u r ' d e r s e c t i o n 4 9 4 2 ( 1 ) ( 3 ) ( B ) ( i )b ' E n d o w m e n t ' a l t e r n a t i v e t e s t - e n t e r

2 / 3 o f minimum i n v e s t m e n t r e t u r nshown i n P a r t X , l i n e 6 f o r e a c h y e a rl i s t e d

c " S u p p o r t ' a l t e r n a t i v e t e s t - e n t e r :( 1 ) T o t a l s u p p o r t o t h e r t h a n g r o s s

i n v e s t m e n t i n c o m e ( i n t e r e s t ,d i v i d e n d s , r e n t s , payments o ns e c u r i t i e s l o a n s ( s e c t i o n5 1 2 ( a ) ( 5 ) ) , o r r o y a l t i e s )

( 2 ) S u p p o r t f r o m g e n e r a l p u b l i cand 5 o r more exempto r g a n i z a t i o n s a s p r o v i d e d i ns e c t i o n 4 9 4 2 ( I ) ( 3 ) ( B ) ( i i i )

( 3 ) L a r g e s t amount o f s u p p o r t f r o ma n e x e m p t o r g a n i z a t i o n

( 4 ) G r o s s i n v e s t m e n t i n c o m ePart XV Supplementary Information ( Complete t h i s part o

a t any time during the year - se e th e i n s t r u c t i o n s . )1 Information Regarding Foundation Managers:

a L i s t any m a n a g e r s o f t h e f o u n d a t i o n who h a v e c o n t r i b u t e d more t h a n 2% o f t h e t o t a l c o n t r i b u t i o n s r e c e i v e d b y t h e f o u n d a t i o n b e fo r e t h e c l o s e o f a n y t a xy e a r ( b u t o n l y i f t h e y h a v e c o n t r i b u t e d more t h a n $ 5 , 0 0 0 ) . ( S e e s e c t i o n 5 0 7( d ) (2 ) .)

b L i s t any m a n a g e r s o f t h e f o u n d a t i o n w ho ow n 10% o r m o r e o f t h e s t o c k o f a c o r p o r a t i o n ( o r a n e q u a l l y l a r g e p o r t i o n o f t h e o w n e r s h i p o f a p a r t n er s hi p o ro t h e r e n t i t y ) o f w h i c h t h e f o u n d a t i o n h a s a 10% o r g r e a t e r i n t e r e s t .

NONE2 I n f o r m a t i o n Regarding C o n t r i b u t i o n , G r a n t , G i f t , Loan , S c h o l a r s h i p , e t c . , Programs:

Check h e r e ^El i f t h e f o u n d a t i o n o n l y makes c o n t r i b u t i o n s t o p r e s e l e c t e d c h a r i t a b l e o r g a n i z a t i o n s a n d d o e s n o t a c c e p t u n s o l i c i t e d r e q u e s t s f o r f u n d s . I ft h e f o u n d a t i o n makes g i f t s , g r a n t s , e t c . ( s e e i n s t r u c t i o n s ) t o i n d i v i d u a l s o r o r g a n i z a t i o n s u n d e r o t h er c o n di t i o ns , c o m p l e t e i t e m s 2 a , b , c , a n d d .

a T h e n a m e , a d d r e s s , and t e l e p h o n e number o f t h e p e r s o n t o whom a p p l i c a t i o n s s h o u l d b e a d d r e s s e d :

SEE STATEMENT 11b T h e f o r m i n w h i c h a p p l i c a t i o n s s h o u l d b e s u bm i t t e d a n d i n f o r m a t i o n and m a t e r i a l s t h e y s h o u l d i n c l u d e :

c Any s u b m i s s i o n d e a d l i n e s :

d Any r e s t r i c t i o n s o r l i m i t a t i o n s o n a w a r d s , s u c h a s b y g e o g r a p h i c a l a r e a s , c h a r i t a b l e f i e l d s , k i n d s o f i n s t i t u t i o n s , o r o t h e r f a c t o r s :

T a x y e a r P r i o r 3 y e a r s( a ) 2010 ( b ) 2009 ( c ) 2008 ( d ) 2007 ( e ) T o t a l

my i f th e foundation had S5.000 or more i n assets

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F o r m 9 9 0 - P F ( 2 0 1 0 ) Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g e 1 1Part XV Supplementary Information ( c o n t i n u e d )3 Grants and Co n t r i bu t i o ns P a i d P u r in a t he Year or Annroved fo r Future Payment

R e c i p i e n t I f r e c i p i e n t i s a n i n d i v i d u a l ,show a n y r e l a t i o n s h i p t o F o u n d a t i o n P u r p o s e o f g r a n t o rName a n d a d d r e s s (home o r b u s i n e s s ) a n y f o u n d a t i o n managero r s u b s t a n t i a l c o n t r i b u t o r

s t a t u s o fr e c i p i e n t

c o n t r i b u t i o n Amount

a Paid d u r i n g t h e yearGRANTS PAID SEE STATEMENT 17009819.B

T o t a l ^ 3 a 17009819.b Approved f o r f u t u r e payment

FUTURE PAYMENTS SEE 14466799.STATEMENT C

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F o r m 9 9 0 - P F ( 2 0 1 0 ) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 P a g e 1 2PartXVI-A Analysis o f Income - Producing A c t i v i t i e s

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I r o s s amounts u n l e s s o t h e r w i s e i n d i c a t e d U n r e l a t e d b u s i n e s s i n c o m e Exclu ded b y section 512, 513, or 514 ( e )gram s e r v i c e r e v e n u e -

( a )B u s i n e s sc o d e( b )

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AmountR e l a t e d o r exemptf u n c t i o n income

F e e s a n d c o n t r a c t s f r o m government a g e n c i e sm b e r s h i p d u e s a n d a s s e s s m e n t sr e s t o n s a v i n g s a n d t e m p o r a r y c a s he s t m e n t s 14 18 , 472.i d e n d s a n d i n t e r e s t f r o m s e c u r i t i e s 14 375 , 817.r e n t a l i n c o m e o r ( l o s s ) f r o m r e a l e s t a t e :D e b t - fi n a n ce d p r o pe r t yN o t d e b t- f in a n c e d p r op e r t yr e n t a l i n c o m e o r ( l o s s ) f r o m p e r s o n a lp e r t yo r i n v e s t m e n t i n c o m en o r ( l o s s ) f r o m s a l e s o f a s s e t s o t h e rn i n v e n t o r y 18 339 131.i n c o m e o r ( l o s s ) f r o m s p e c i a l e v e n t ss s p r o f i t o r ( l o s s ) f r o m s a l e s o f i n v e n t o r ye r r e v e n u e :

b t o t a l . Add columns ( b ) , ( d ) , a n d ( e ) 0. 733 , 4 2 0 .

o

0.1 3 T o t a l . Add l i n e 1 2 , columns ( b ) , ( d ) , and ( e ) 1 3 733,420.( S e e w o r ks h e e t i n l i n e 1 3 i n s t r u c t i o n s t o v e r i f y c a l c u l a t i o n s . )Part XVI - B Relationship of A c t i v i t i e s t o th e Accomplishment o f Exempt PurposesL i n e No . E x p l a i n b e l o w h ow e a c h a c t i v i t y f o r w h i c h i n c o m e i s r e p o r t e d i n column ( e ) o f P a r t X V I - A c o n tr i b u te d i m p o rt a n t l y t o t h e a c c o m p l i s h m e n t o f

I V I t h e f o u n d a t i o n ' s exempt p u r p o s e s ( o t h e r t h a n b y p r o v i d i n g f u n d s f o r s u c h p u r p o s e s ) .

' 1 1 0 F o r m 990-PF ( 2 0 1 0 )


13/73

F o r m 9 9 0 - P F 2 0 1 0 Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a a 1 3Part X V I I Informa tion Regarding Transfers T o a n d Transactions a n d Relationships With Noncharitable

Exempt Organizatio n sD i d t h e o r g a n i z a t i o n d i r e c t l y o r i n d i r e c t l y e n g a g e i n a n y o f t h e f o l l o w i n g w i t h a n y o t h e r o r g a n i z a t i o n d e s c r i b e d i n s e c t i o n 5 0 1 ( c ) o f Yes Not h e Code ( o t h e r t h a n s e c t i o n 5 0 1 ( c ) ( 3 ) o r g a n i z a t i o n s ) o r i n s e c t i o n 5 2 7 , r e l a t i n g t o p o l i t i c a l o r g a n i z a t i o n s ?T r a n s f e r s f r o m t h e r e p o r t i n g f o u n d a t i o n t o a n o n c h a r i t a b l e exempt o r g a n i z a t i o n o f :( 1 ) C a s h 1 2 1 0 ) X( 2 ) O t h e r a s s e t s l a ( 2 ) XO t h e r t r a n s a c t i o n s :( 1 ) S a l e s o f a s s e t s t o a n o n c h a r i t a b l e e x e m p t o r g a n i z a t i o n l b ( l ) X( 2 ) P u r c h a s e s o f a s s e t s f r o m a n o n c h a r i t a b l e e x e m p t o r g a n i z a t i o n l b ( 2 ) X( 3 ) R e n t a l o f f a c i l i t i e s , e q u i p m e n t , o r o t h e r a s s e t s l b ( 3 ) X( 4 ) Reimbursement a r r a n g e m e n t s M411 X( 5 ) L o a n s o r l o a n g u a r a n t e e s l b ( 5 ) X( 6 ) P e r f o r m a n c e o f s e r v i c e s o r membership o r f u n d r a i s i n g s o l i c i t a t i o n s l b ( 6 ) XS h a r i n g o f f a c i l i t i e s , e q u i p m e n t , m a i l i n g l i s t s , o t h e r a s s e t s , o r p a i d employees 1 c XI f t h e a n s w e r t o an y o f t h e a b o v e i s " Y e s , c o m p l e t e t h e f o l l o wi n g s c h e d u l e . Column ( b ) s h o u l d a l w a y s show t h e f a i r m a r k e t v a l u e o f t h e g o o d s , o t h e r a s s e t s ,o r s e r v i c e s g i v e n b y t h e r e po r ti n g f o u nd a t i o n. I f t h e f o u n d a t i o n r e c e i v e d l e s s t h a n f a i r m a r k e t v a l u e i n a n y t r a n s a c t i o n o r s h a r i n g a r r a n g e m e n t , s h ow i n

( a ) N a m e o f o r g a n i z a t i o n ( b ) T y p e o f o r g a n i z a t i o n ( c ) D e s c r i p t i o n o f r e l a t i o n s h i pN / A

Under penal ties o f perjury , I decl are t h a t have examined t h i s return , i n c l u d i n g accompanying s c h ed u l es a n d s ta te m e n ts , and to t he best of my knowledge and b e l i e f , i t i s t r ue , correct,an d complete D e c l a r a t i o n of p r e p a r e r ( o t h e r t h a n t a x p a y e r o r f i d u ci a r y) i s b a se d o n al l i n f o r m a t i o n o f which p r e p a r e r ha s a ny knowledgeSignHere ^,"'S u r e o f o f f s r t r u s t e e

P r l n t / T y p e p r e p a r e r ' s n am e P r ep a r e r 's s i g n a t ur e

P a i d GARRICK L. MARTIN

2a I s t h e f o u n d a t i o n d i r e c t l y o r i n d i r e c t l y a f f i l i a t e d w i t h , o r r e l a t e d t o , o n e o r more t a x - e x e m p t o r g a n i z a t i o n s d e s c r i b e di n s e c t i o n 5 0 1 ( c ) o f t h e Code ( o t he r t h a n s ec t i o n 5 0 1 ( c ) ( 3 ) ) o r i n s e c t i o n 5279 Y e s o

b I f ' Y e s . ' c o m p l e t e t h e f o ll o wi n g s c h e d u le .


14/73

Schedule B Schedule of Contributors OMB No 1545-0047(Form 9 9 0 , 990-EZ, OOo r 990 - P F ) ^ Attach t o F o rm 9 9 0 , 990-EZ , o r 990-PF.Department of t h e TreasuryI n t e r n a l Revenue S e r v i c eName o f t he o rganization Employer identification number

n [+UTmTJ nL-+7 T/tTnO L' r t T T K T T 1 T r T T ( T A T T*Tn czQ-s; r1Zf21 Ar%Organization type (check o n e ) .

F i l e r s o f : Section:F o rm 990 o r 990-EZ =01 ( c ) ( ) ( e n t e r number) o r g a n i z a t i o n0947 ( a ) ( 1 ) nonexempt chartable t r u s t no t t r e a t e d as a p r i va te foundationQ27 p o l i t i c a l o r g a n i z a t i o nF o r m 990 - P F 01( c ) ( 3 ) exempt p r i v a t e foundation0947( a ) ( 1 ) nonexempt chartable t r u s t t r e a t e d a s a p r i v a t e f o u n d a t i o n001 ( c ) ( 3 ) t a x a b l e p r i v a t e foundationCheck i f your o r g a n i z a t i o n i s covered by t h e General Rule o r a Special R u l e .Note . Only a s e c t i o n 5 0 1 ( c ) ( 7 ) , ( 8 ) , o r ( 1 0 ) o r g a n i z a t i o n ca n check boxes f or both t h e General R u l e and a S p e c i a l R u l e . See I n s t r u c t i o n s .

General Ruleo r an o r g a n i z a t i o n f i l i n g Form 9 9 0 , 9 9 0 - E Z , o r 990-PF t h a t r e c e iv e d , d u r i n g t h e y e a r , $5,000 or more ( i n m o ne y o r p r o p e r t y ) from an y o nec o n t r i b u t o r . Complete P a r t s I an d 1 1 .

Special Rules

F o r a s e c t i o n 50 1 ( c ) ( 3 ) o r g a n i z a t i o n f i l i n g Form 990 o r 990 - EZ t h a t me t t h e 33 1/3% support t e s t o f t h e r e g u l a t i o n s under s e c t i o n s509(a ) ( 1 ) a nd 170 ( b ) ( 1 ) ( A ) ( v l ) , an d r e c e i v e d from an y o n e c o n t r i b u t o r , d u r i n g t h e y e a r , a c o n t r i b u t i o n of the g r e a t e r o f ( 1 ) $5 , 000 o r ( 2 ) 2%o f t h e amount o n ( I ) Form 990 , P a r t V I I I , l i n e 1 h o r ( I I ) Form 9 9 0 - E Z , l i n e 1 Complete P a r t s I an d I I

F o r a s e c t i o n 5 0 1 ( c ) ( 7 ) , ( 8 ) , o r ( 1 0 ) o r g a n i z a t i o n f i l i n g Form 990 o r 990 - EZ t h a t r e c e i v e d f r om an y o n e c o n t r i b u t o r , d u r i n g t h e y e a r ,aggregate c o n t r i b u t i o n s o f more than $ 1,000 f o r us e e x c l u s i v e l y f or r e l i g i o u s , c h a r i t a b l e , s c i e n t i f i c , l i t e r a r y , o r educational purposes, o rt h e p r e v e n t i o n o f c r u e l t y t o c h i l d r e n o r animals . Complete P a r t s I , I I , and I I I .

F o r a s e c t i o n 5 0 1 ( c ) ( 7 ) , ( 8 ) , o r ( 1 0 ) o r g a n i z a t i o n f i l i n g Form 990 o r 990-EZ t h a t r e c e i v e d f r om an y o n e c o n t r i b u t o r , d u r i n g t h e y e a r ,c o n t r i b u t i o n s f or us e e x c l u s i v e l y f or r e l i g i o u s , c h a r i t a b l e , e t c , purposes, b u t t h e s e c o n t r i b u t i o n s d i d n o t aggregate t o more than $1,000I f t hi s box i s checked, e n t e r h e r e t h e t o t a l c o n t r i b u t i o n s t h a t were r e c e i v ed d u r i ng the y e a r f or an e x c l u s i v e l y r e l i g i o u s , c h a r t a b l e , e t c . ,purpose Do n o t complete any o f t h e p a r t s u n l e s s t h e General Rule a p p l i e s t o t hi s o r g a n i z a t i o n because i t r e c e i v e d n o n e x c l u s l v e l yr e l i g i o u s , c h a r i t a b l e , e t c , c o n t r i b u t i o n s o f $5,000 o r more d u r i n g t h e y e a r ^ $

Cauti o n . An o r g a n i z a t i o n t h a t i s n o t covered by t h e General Rule and/or t h e S p e c i a l R u l e s does no t f i l e Schedule B (Form 9 9 0 , 9 9 0 - E Z , o r 9 9 0 - P F ) ,bu t i t must answer "No" o n P a r t I V , l i n e 2 o f i t s Form 9 9 0 , o r check t h e bo x o n l i n e H o f I t s Form 9 9 0 - E Z , o r o n l i n e 2 of i t s Form 990-PF, t o c e r t i f yt h a t i t does n o t meet the f i l i n g requirements o f Schedule B (Form 9 9 0 , 9 9 0 - E Z , o r 990-PF)

LHA Fo r Paperw ork Reduction Act N o t i c e , see the Instructions f o r F o rm 990 , 990-EZ , o r 990 - P F . S c h e d u l e B ( F o r m 9 9 0 , 9 9 0 - E Z , o r 9 9 0 - P F ) ( 2 0 1 0 )

023451 12-23-10


15/73

S c h e d u l e B ( F o r m 9 9 0 , 9 9 1Name o f organization

Pa r t I Co n t r ibut o rs ( s e e i n s t r u c t i o n s )

of Pa r t IEmployer i d e n t i f i c a t i o n number

( a )No .

( b )Name , address , a n d ZIP + 4

( c )A g g r e g a t e contributions

( d )T y p e o f contribution

1 W . N . REYNOLDS TRUST P e r s o n E l lP.O. BOX 3099 $ 8 , 325, 278.

P a y r o l l flN o n c a s h fl

WINSTON-SALEM, NC 27150(Complete P a r t 1 1 i f t h e r ei s a noncash c o n t r i b u t i o n . )

( a )N o.

( b )N a m e , address, a n d ZIP + 4



2 Z. SMITH REYNOLDS TRUST P e r s o n E i lP.O. BOX 2257 $ 7,078,656.

P a y r o l lN o n c a s h

BALTIMORE, MD 21203(Complete P a r t I I i f t h e r ei s a noncash c o n t r i b u t i o n . )

( a )N o .

( b )N a m e , address, a n d ZIP + 4

( c )Aggre gate contributions


Pers on 0$

P a y r o l lN o n c a s h

(Complete P a r t I I i f t h e r ei s a noncash c o n t r i b u t i o n . )

( a )N o .

( b )Name , address, a n d ZIP + 4



Pers on

$P a y r o l l 0N o n c a s h


( a )N o .

( b )N a m e , address , a n d ZI P + 4

( c)A g g r e g a t e contributions


Pers on 0$

P a y r o l l 0N o n c a s h0


( a )N o .

( b )N a m e , address, a n d ZI P + 4



Pers on 0$

P a y r o l l LIN o n c a s hQ


S c h e d u l e B ( F o r m 9 9 0 . 9 9 0 - E Z . o r 9 9 0 - P F ) ( 2 0 1 0 )


16/73

S c h e d u l e B ( F or m 9 9 0, 9 9 1Name o f o r g a n i z a t i o n

o f Part IIE m p l o y e r i d e n t i f i c a t i o n number

Part 1 1 Noncash Property ( s e e i n s t r u c t i o n s )( a)No.fromPart I

( b )Description o f nonca sh property given

( c )FMV ( o r estimate)( s e e i n s t r u c t i o n s )

( d )Date received

( a )

Part 1Description o f nonca sh property given

( c )FMV(see i n s t r u c t i o n s )

no r estimate) Date received

( a)

fromPart I

Description o f nonca sh property given

( c )FMV ( o r(seein)i n s t r u c t i o n s ) Date received

( a)No.fromPart I


( c )FMV ( o r estimate)(see i n s t r u c t i o n s )

( d )Date received

( a )

fromPart t

Description o f nonca sh property given( c )

FMV ( o r(seeins)i n s t r u c t i o n s ) Date received

( a )No.fromPart I


( c )FMV ( o r estimate)(see i n s t r u c t i o n s )

( d )Date received

0 2 3 4 5 3 1 2 - 2 3 - 1 0 s c n e a u l e d ( I o r m a a u , a a u - t c , o r aau-m ( m u )


17/73

S c h e d u l e B ( F or m 9 9 0. 9 9 1Name o f o r g a n i z a t i o n E m p l o y e r i den t i f i ca t i on number

Part I I I E x c l u s i v e l y r e l i g i o u s , c h a r i t a b l e , e t c . , i n d i v i d u a l contributions t o section 501(c ) ( 7 ) , ( 8 ) , o r ( 1 0 ) organizations aggregatingmore t ha n $ 1,000 f o r the year . Complete columns ( a ) through ( e ) a nd t h e f o l l o w i n g l i n e e n t r y F o r o r g an iz at i o n s completingP a r t I l i , e nt er t h e t ot al o f e x c l u s i v e l y r e l i g i o u s , c h a n t a b l e , e t c . , c o n t r i b u t i o n s o fA1.000 or less f o r t h e y e a r . (Enter t h i s informati on once See instructions) ^$

( a) No .fromP a r t t ( b ) Purpose o f g i f t ( c ) Us e o f g i f t ( d) Description o f how g i f t i s held

( e ) Transfer o f g i f t

Transferee's name , address , a nd ZI P + 4 Relationshi p o f t r a n s f e r o r t o transferee

( a) No.fromPart l ( b ) Purpose o f g i f t ( c) Us e o f g i f t ( d ) Description o f how g i f t i s held



( a) N o.fromPart l ( b ) Purpose o f g i f t ( c ) Us e o f g i f t ( d ) Description o f how g i f t i s held



( a) N o.fr o mPart I ( b ) Purpose o f g i f t ( c) Us e o f g i f t ( d ) Description o f how g i f t i s held


Transferee's name , address , a nd ZIP + 4 Relationshi p o f t r a n s f e r o r t o transferee

0 2 3 4 5 4 1 2 - 2 3 - 1 0 S c h e d u l e B ( F o r m 9 9 0 , 9 9 0 - E Z , o r 99 0 - P F ) ( 2 0 1 0 )


18/73

CONTINUATION FOR 990-PF, PART IVZ. SMITH REYNOLDS FOUNDATION INC. 58-6038145 PAGE 1 OF 1Part I V C a n i t a l G a i n s a n d L o s s e s f o r T a x o n I n ve s t m e n t I n c o m e

( a ) L i s t a n d d e sc r ib e t h e k i n d ( s ) o f p r o p e r t y s o l d , e g . , r e a l e s t a t e ,2 - s t o r y b r i c k w a r e h o u s e ; o r common s t o c k , 200 s h s . ML C C o .( b Ho w a c q u i r e dP - P u r c h a s e

D - D o n a t i o n( c D a t e a c q u i r e d)(mo . , d a y , y r . ) ( d ) D a t e s o l d( m o . , d a y , y r . )

l a 2 2 328.196 SHS FTSE ALL WORLD EX US INV P VARIOUS 0 3 / 23 / 10b 10 204.416 SHS 500 INDEX FUND ADM P VARIOUS VARIOUSc 2 4 , 757. 0 6 SHS TOTAL INTL STOCK IX INV P VARIOUS VARIOUSd 37 403.563 SHS TOTAL STOCK MKT ADM P VARIOUS VARIOUSe 278 946.265 SHS INTER TERM INVEST GR ADM P VARIOUS VARIOUS

f 420 898.319 SHS TOTAL BOND INDEX ADM P VARIOUS VARIOUS426 794.175 SHS SHORT TERM INVEST GR ADM P VARIOUS VARIOUSh 13 730.971 SHS EXTENDED MKT INDEX ADM P VARIOUS VARIOUSCAPITAL GAINS DIVIDENDS

k

mn0

( e ) G r o s s s a l e s p r i c e ( f ) D e p r e c i a t i o n a l l o w e d( o r a l l o w a b l e )( g ) C o s t o r o t h e r b a s i sp l u s e x p e n s e o f s a l e

( h ) G a i n o r ( l o s s )( e ) p l u s ( f ) m i n u s ( g )

a 386 948. 383 152. 3 , 796.b 1 , 0 96 , 376 . 1 , 0 58 , 30 0. 38 , 076.c 345 90 0 . 351 823.


19/73

Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145

990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT

(A)OF PROPERTY

SHS FTSE ALLEX US INV

(B)GROSS

SALES PRICE386,948. 383,152.

(A)OF PROPERTYSHS 500 INDEX

ADM(B)

GROSSSALES PRICE

(C )COST OR

OTHER BASIS1,096,376. 1, 058,300.

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED VARIOUS 03/23/10

(D ) (E)EXPENSE OF

SALE DEPREC.0.

(F)

GAIN OR LOSS0. 3,796.

MANNER DATEACQUIRED ACQUIRED DATE SOLDPURCHASED VARIOUS VARIOUS

(D ) (E) (F)EXPENSE OF

SALE DEPREC. GAIN OR LOSS0. 0. 38,076.

(A)OF PROPERTY

0 6 SHS TOTAL INTLIX INV

(B)GROSS

SALES PRICE345,900.

(C)COST OR

OTHER BASIS351,823. 0. 0 .


20/73

Z. SMITH REYNOLDS FOUNDATION, INC.

(A)OF PROPERTYSHS TOTAL STOCK

T ADM

(B) (C)GROSS COST ORSALES PRICE OTHER BASIS

991,300. 1,013,178.

(A)OF PROPERTYSHS INTER TERM

GR ADM(B) (C)

GROSS COST ORSALES PRICE OTHER BASIS

2,780,800. 2,692,667.

(A)OF PROPERTY

0. 0 . 88,133.

MANNER DATE

SHS TOTAL BOND PURCHASED VARIOUS VARIOUSADM

(B) (C) (D) (E) (F )GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE DEPREC. GAIN OR LOSS

4,470,800. 4,384,029. 0 . 0. 86,771.

58-603814

ACQUIRED ACQUIRED DATE SOLPURCHASED VARIOUS VARIOUS

(D) (E) (F )EXPENSE OFSALE DEPREC. GAIN OR LOSS

0. 0 .


21/73

Z. SMITH REYNOLDS FOUNDATION, INC.

(A)OF PROPERTYSHS SHORT TERM

GR ADM(B) (C) (D)

GROSS COST OR EXPENSE OFSALES PRICE OTHER BASIS SALE4,585,238. 4,545,966. 0.

58-603814

MANNER DATEACQUIRED ACQUIRED DATE SOLPURCHASED VARIOUS VARIOUS

(E)DEPREC.

0 .

(F )

GAIN OR LOSS39,272.

(A )OF PROPERTYSHS EXTENDED MKT

ADM

MANNER DATEACQUIRED ACQUIRED DATE SOLPURCHASED VARIOUS VARIOUS

(B) (C) (D) (E) (F )GROSS COST OR EXPENSE OFSALES PRICE OTHER BASIS SALE DEPREC . GAIN OR LOSS

483,256. 453 ,677. 0. 0. 29,579.

(A)OF PROPERTY

EXCHANGE SERVER, PARTSLICENSE

MANNER DATEACQUIRED ACQUIRED DATE SOLPURCHASED U9/jU/UtS 11/lti/lU

(B) (C) (D) (E) (F )GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE DEPREC. GAIN OR LOSS899. 9,982. 0. 2,495.


22/73


(A) MANNER DATEOF PROPERTY ACQUIRED ACQUIRED DATE SOL

M THINKPAD COMPUTERS (3) PURCHASED VARIOUS VARIOUS(B) (C) (D) (E) (F)

GROSS COST OR EXPENSE OFSALES PRICE OTHER BASIS SALE DEPREC. GAIN OR LOSS

0. 3,512. 0. 3,102.


23/73


990-PF LEGAL FEES STATEMENT

PIERCE, MCLENDON,& LEONARDDRAWER U

NC 27402FM 990-PF , PG 1, LN 16A

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLPER BOOKS MENT INCOME NET INCOME PURPOSES

0. 0. 00. 0. 00. 0. 0

103,654. 0. 103,654103,654. 0. 103,654

990-PF ACCOUNTING FEES STATEMENT

(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME

& PULLEN, LLP 0. 0.0 NORTH ELM STREET, ST

0. 0.NC 27402-2470 25,256. 0.

FORM 990-PF, PG 1, LN 16B 25,256. 0 .

(C) (D)ADJUSTED CHARITABLNET INCOME PURPOSES

0

025,25625,256

990-PF TAXES STATEMENT

TAXESEXCISE TAX

(A)EXPENSESPER BOOKS

64,730.12,082.

(B )NET INVEST-MENT INCOME

0.0.

(C) (D)ADJUSTED CHARITABLNET INCOME PURPOSES

64,7300

FORM 990-PF, PG 1, LN 18 76,812. 0. 64,730

STATEMENT(S) 2, 3,


24/73


990-PF OTHER EXPENSES STATEMENT

CHARGESADVISORY PANELFEES AND EXPENSES

COSTSAND AUTO INSURANCE

LLOW/INTERN EXPENSE- OFFICE

SUPPLIES- AUTOS

DIRECT CHARITABLESERVICES

PLANNINGPLANNING

PROGRAMSUSAN REYNOLDS AWARDS

PROJECTSPROFESSIONAL

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLPER BOOKS MENT INCOME NET INCOME PURPOSES

29,841. 0. 29,841.41,555. 0. 41,555.9,638. 0. 9,638.9,180. 0. 9,180.

49,373. 0. 49,373.60,742. 0. 60,742.28,128. 0. 28,128.1,103. 0. 1,103.

728. 0. 728.15,745. 0. 15,745.8,452. 0. 8,452.

16,471. 0. 16,471.8,689. 0. 8,689.17,941. 0. 17,941.

23,386. 0 . 23,386.850. 0. 850.

65,272. 0. 65,272.180. 0. 180.

135,944. 0. 135,944.150,354. 0. 150,354.138,978. 0. 138,978.22,761. 0. 22,761.

O FORM 990-PF, PG 1 , LN 23 835 ,311. 0. 835,311.

990-PF OTHER FUNDS STATEMENT

INCOMETO FORM 990-PF, PART II, LINE 29

(A) (B)BEGINNING OF END OF

YEAR YEAR18,351,392. 14,869,884.18,351,392. 14,869,884.

STATEMENT(S) 5,


25/73


990-PF CORPORATE STOCK STATEMENT 7

STOCKTO FORM 990-PF, PART II, LINE 10B

CORPORATE BONDS

8,606,768.8,606,768.

990-PF STATEMENT 8

BOND -FUND

TO FORM 990-PF , PART II, LINE 10C

FAIR MARKETBOOK VALUE VALUE5,687,188. 5,744,738.

5,687,188. 5,744,738.

990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 9TRUSTEES AND FOUNDATION MANAGERS

AND ADDRESSTITLE AND

AVRG HRS/WK

FAIR MARKETBOOK VALUE VALUE8,347,489.8,347,489.

EMPLOYEECOMPEN- BEN PLAN EXPENSESATION CONTRIB ACCOUNT

J. WINNER EXEC DIRECTOR, SEC/ASST TRLYNWOOD AVENUE 40.00 201,055. 35,705. 0.

NC 27104B WILLIAMSON ASSISTANT SECRETARY

KENSINGTON PLACE 40.00 58,580. 23,163. 0.NC 27103

R BAGLEY % WA LIFE MAGAZINE BOARD OF TRUSTEESTRACY PLACE NW 1.00 6,250. 0. 0.

DC 20008DUBESTER BOARD OF TRUSTEES

BOX TURTLE TOAD 1.00 5,000. 0. 0.NC 27312BROWN-GRAHAM BOARD OF TRUSTEES

0 BOX 7406-NCSU 1.00 6,250. 0. 0.NC 27695

STATEMENT(S) 7, 8, 9


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Z. SMITH REYNOLDS FOUNDATION, INC. 58-60381450 MCNAIRY % HARVEY BOARD OF TRUSTEES

0 BOX 189 1.00 6,250. 0. 0NC 28502

B MOUNTCASTLE BOARD OF TRUSTEES7 OENOKE LANE 1.00 0 . 0. 0.W CANAAN, CT 06840

B MOUNTCASTLE BOARD OF TRUSTEESKILDRUMMY COURT 1.00 0 . 0. 0

NC 27705

R. LLOYD P TATE JR PRESIDENT20 YOUNGS ROAD 1.00 6,250. 0. 0.

PINES, NC 28387

CLODFELTER % MOORE & VAN BOARD OF TRUSTEES0 NORTH TRYON ST FLOOR 47 1.00 0. 0. 0.

NC 28202

NEAL BOARD OF TRUSTEES23 WEST QUEEN STREET 1.00 6,250. 0. 0.NC 27278

L NEAL BOARD OF TRUSTEESLEWINSVILLE ROAD 1.00 6,250. 0. 0.

VA 22102S PATTERSON BOARD OF TRUSTEES

2 EAST FRANKLIN STREET #4 1.00 6,250. 0. 0.HILL, NC 27514

SMITH BOARD OF TRUSTEESS. MAPLE AVENUE, #342 1.00 6,250. 0. 0.

CHURCH, VA 22046

INCLUDED ON 990-PF, PAGE 6, PART VIII 314,635. 58,868. 0.

STATEMENT(S)


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990-PF ELECTION UNDER REGULATIONS SECTION STATEMENT 153.4942(A)-3(D)(2) TO TREAT

EXCESS QUALIFYING DISTRIBUTIONSAS DISTRIBUTIONS OUT OF CORPUS

FOUNDATION TRUSTEES HEREBY ELECT UNDER IRC REG.53.4942(A)-3(D)2 TOTREAT $19, 044,389 OF GRANTS MADE IN 2010 AS A DISTRIBUTION FROMCORPUS.

STATEMENT(S) 10


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990-PF GRANT APPLICATION SUBMISSION INFORMATION STATEMENT 1PART XV, LINES 2A THROUGH 2D

AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED

E FOUNDATION WEBSITE: WWW.ZSR.ORG

NUMBER336-725-7541

AND CONTENT OF APPLICATIONSFOUNDATION DOES NOT ACCEPT PAPER GRANT APPLICATIONS. ALL INFORMATION

WHOM APPLICATIONS SHOULD BE DIRECTED, THE FORMAT OF THEAND ANY ADDITIONAL INFORMATION REQUIRED AS WELL AS SUBMISSION

CAN BE FOUND AT THE FOUNDATION'S WEBSITE WWW.ZSR.ORG

Y SUBMISSION DEADLINESDEADLINES CAN BE FOUND AT THE FOUNDATION'S WEBSITE WWW.ZSR.ORG

AND LIMITATIONS ON AWARDS

CAN BE FOUND AT THE FOUNDATION 'S WEBSITE WWW.ZSR.ORG.

STATEMENT(S) 11


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58-6038145 Z . SMITH REYNOLDS FOUNDATION990-PF YEAR ENDED DECEMBER 3 1 , 2010

PART IX-A - SUMMARY OF DIRECT CHARITABLE ACTIVITIES:( 1 ) $150,354.49 f o r t h e NANCY SUSAN REYNOLDS AWARDS - With p r i o r a p p r o v a l from t h e I R S , i n1986 t h e Foundation e s t a b l i s h e d awards t o b e g iv en a n n u a l l y t o up t o t h r e e North C a r o l i n a r e s i d e n t s who

have shown r e s o u r c e f u l n e s s i n t a c k l i n g problems t h a t m a y have r e s i s t e d t r ad i t i on al a p p r o a c h e s . Th eawards s e e k o u t and honor unrecognized i n d i v i d u a l s who have work e d t o m a k e a p o s i t i v e d i f f e r e n c e i nNorth C a r o l i n a . Th e awards a r e p r e s e n t e d each y e a r a t a luncheon c e r e m o ny a t t e n d e d by over 3 5 0 p e o p l eThe r e c i p i e n t s r e c e i v e an award o f $5,000 f o r p e r s o n a l u s e and t h e y a r e a b l e t o d e s i g n a t e c h a r i t a b l er e c i p i e n t s t o r e c e i v e an a d d i t i o n a l $ 2 0 , 0 0 0 .

( 2 ) $135,943.90 f o r t h e SABBATICAL PROGRAM - I n 1 9 9 0 , w i t h p r i o r a p p r o v a l from t h e IRS, t h eFoundation e s t a b l i s h e d a s a b b a t i c a l program f o r i n d i v i d u a l s i n p a i d f u l l - t i m e l e a d e r s h i p p o s i t i o n s who havs e r v e d t h e i r North C a r o l i n a n o n p r o f i t o r g a n i z a t i o n f o r a t l e a s t t h r e e y e a r s . The s a b b a t i c a l s were e s t a b l i s ht o p r o v i d e an i n c e n t i v e t o l e a d e r s o f c h a r i t a b l e o r g a n i z a t i o n s t o c o n t i n u e t h e i r c h a r i t a b l e work, and t oi mp ro v e a nd enhance t h e i r l e a d e r s h i p c a p ac i t y , s k i l l s , and t a l e n t s . Each r e c i p i e n t i s a w a r d e d $ 2 5 , 0 0 0 . Somw i l l n o t t a k e t h e i r s a b b a t i c a l s u n t i l 2 0 1 1 .

( 3 ) $138,977.81for SPECIAL PROJECTS, OPPORTUNITIES, CONFERENCES AND MEETINGS:( A ) $ 4 1 , 3 5 2 . 1 4 f o r meetings and r e s e a r c h on i s s u e s f a c i n g women i n North C a r o l i n a , i n c l u d i n g

economic e x c l u s i o n , v i o l e n c e a t h o m e and i n t h e workplace and t h e need f o r l e a d e r s h i pdevelopment.

( B ) $39,356.20 North C a r o l i n a h a s a s i g n i f i c a n t need f o r s c h o o l b u i l d i n g p r i n c i p a l s t h a t a r e a d e q u a t e l yp r e p a r e d t o turnaround low performing s c h o o l s and t o l e a d h i g h needs and low w e a l t h s c h o o l s .These f u n d s a r e used t o a s s i s t t h e s t a t e i n developing a l t e r n a t i v e l i c e n s u r e programs f o r a s p i r i n gp r i n c i p a l s and t o improve p r o f e s s i o n a l development f o r e x i s t i n g p r i n c i p a l s .

( C ) $3,145.00 f o r t h e development and implementation o f a p r o j e c t t o a s s i s t t h e Foundation i n i t s a b i l it o u n d e r s t a n d h o w c ommu nity development o r g a n i z a t i o n s a r e working.

( D ) $28,324.98 ha v in g a n a c c u r a t e census count i n 2 0 1 0 i s i m p o r t a n t t o t h e S t a t e o f N o rt h C a r o l i n a a sw e l l a s t o t h e p o p u l a t i o n groups which have t r a d i t i o n a l l y been u n d e r c o u n t e d . Th e Board approvedt h i s funding s o t h a t t h e Foundation c o u l d a s s i s t n o t f o r p r o f i t o r g a n i z a t i o n s i n t h e s t a t e doingo u t r e a c h and t r a i n i n g t o d i m i n i s h t h e census undercount and t o p r o v i d e c o o r d i n a t i o n o f t h e s ee f f o r t s .

( E ) $ 2 0 , 7 5 7 . 40 two environmental a r e a s t h a t a r e r ip e f or p o l i c y i n n o v a t i o n and implementation a t t h es t a t e l e v e l a r e water u s e and a l l o c a t i o n and t h e second i s energy e f f i c i e n c y and t h e n e w energye c o n o m y . Costs would i n c l u d e t r a v e l t o b r i n g ke y e x p e r t s from o u t s i d e t h e s t a t e t o h e l p informd e b a t e i n NC and f a c i l i t a t e d d i s c u s s i o n s a m o n g ke y s t a k e h o l d e r s through convenings o f v a r i o u ss i z e s .

STATEMENTPAGE 1 OF


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58-6038145 Z . SMITH REYNOLDS FOUNDATION990-PF YEAR ENDED DECEMBER 3 1 , 2010

( F ) $82.75 s t a f f c o n t i n u e t o promote d i v e r s i t y and r a c i a l e q u i t y a m o n g ZSR's g r a n t e e s . These expensewere f o r meetings t o f u r t h e r t h i s i n i t i a t i v e .( G ) $47.07 s t a f f planned a January 2011 convening r e g a r d i n g good government r e f o r m s i n NC. This

g a t h e r i n g i n c l u d e s n o n p r o f i t l e a d e r s , n a t i o n a l e x p e r t s in t h e f i e l d , T r u s t e e s , d e c i s i o n makers, s t a f fand o t h e r s . These expenses a r e f o r c o n f e r e n c e c a l l s t o plan t h e m e e t i n g .

( H ) $5,912.27 f o r h o t e l room accommodations f o r l e a d e r s h i p program a t t e n d e e s a t a LeadershipT r a i n i n g S e s s i o n .

STATEMENTPAGE 2 OF


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990-PF 58-6038145Z . SMITH REYNOLDS FOUNDATION, INC.

GRANTS PAID - 2010Action f o r Children North Carolina1300 S t . Mary' s S t r e e t , S u i t e 500R a l e i g h , NC 27605 509 ( a ) ( 1 ) F o r g e n e r a l o p e r a t i n g s u pp o r t . $100

Action I n s t i t u t e NC5500 Executive Center D r . , S u i t e 234C h a r l o t t e , NC 28212 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $75

Adolescent Pregnancy PreventionCampai g n o f NC3708 M a y f a i r S t . , S u i t e 3 1 0Durham , NC 2770 7 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $ 7 5

Alexander International CenterP . 0. Bo x 55 2Ta y l o r s v i l l e , NC 28681 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $16

American C i v i l L i b e r t i e s Un i o n -NCLegal FoundationP . O . Bo x 28004R a l e i g h , NC 27611-8004 509 ( a ) ( 1 ) R a c i a l J u s t i c e P r o j e c t . $70

American Council f o r an Energy-E f f i c i e n t Economy529 1 4 t h S t r e e t , NW, S u i t e 600 North C a r o l i n a ' s E n e r g y - E f f i c i e n t F u t u r e : P o t e n t i a lWashin g t o n , DC 20045 509 ( a ) ( 1 ) f o r E l e c t r i c i t y , Trans p o r t a t i o n , an d Water E f f i c i e n c y . $25

American Rivers1101 1 4 t h S t r e e t NW, S u i t e 1400Washin g t o n , DC 20005 501c ( 3 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $73

Andrews Valley I n i t i a t i v e , I n c .P . O. Box 868Andrews, NC 28901 501c ( 3 ) Fo r g e n e r a l o e r a t i n s u p p o r t . $35

Appalachian Housing I n i t i a t i v e1710 Parkwood D r . , South S u i t eWilkesboro, NC 28697 509 ( a ) ( 2 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $35

Appalachian State UniversityP . O . Bo x 32068Boone, NC 28608 5 0 9 ( a ) ( 1 ) Green Economic Asset Mapp i n g . $34

Appalachian S t a t e UniversityP . O . B ox 3 20 68 Regional Entrepreneurship Economic DevelopmentBoone , NC 28608 509 ( a ) ( 1 ) I n i t i a t i v e . $50

Appalachian Sustainable AgricultureProject729 Haywood R d . , S u i t e 3A s h e v i l l e , NC 28806 509 ( a ) ( 1 ) For g e n e r a l o p e r a t i n g s u p p o r t . $45

StatementP a g e l of 1


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9 90 -P F 5 8- 60 38 14 5Z . SMITH REYNOLDS FOUNDATION, INC.

GRANTS PAID - 2010

Appalachian Voices19 1 Howard S t r e e tBoone , NC 28607 509 ( a ) ( 2 )

New S t r a t e g i e s Toward a Clean Energy F u t u r e i nN o r t h C a r o l i n a . $ 4 0

A s h e v i l l e Design Center, I n c .8 C o l l e g e S t r e e tA s h e v i l l e , NC 28801 509 ( a ) ( 1 ) Fo r e n e r a l o p e r a t i n g s u p p o r t . $20

B e r t i e CountyP . O. Box 530Windsor, NC 27983 Government Task Force Communit y P r o j e c t s . $60

Blue Ridge Conservancy290 Queen S t .Boone , NC 28607 509 ( a ) ( 1 )

O r g a n i z a t i o n a l Development an d Community LandP r o t e c t i o n . $ 2 5

Blu e R id ge Environmental DefenseLeaguePO Box 88Glendale S p r i n g s , NC 28629 09 ( a ) ( 1 ) o r g e n e r a l o p e r a t i n g s u p p o r t . 60

Brighter Path Foundation7730 North P o i n t DriveWinston- Salem , NC 27106 509 a 3 2010 NSR Award d e s i g n a t e d b y C h r i s t o p h e r F l y n t . $19

Brunswick Housing OpportunitiesP o s t O f f i c e Box 3513972-H Old Ocean HwyB o l i v i a , NC 28422 09a ( l ) o r g e n e r a l o p e r a t i n g s u p p o r t . 25

Builders o f Hope, In c310 N. H a r r i n g t o n S t .R a l e i h , NC 27603 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t ( C h a r l o t t e Ex p a n s i o n ) . $40

Building Bridges of A s h e v i l l e , I n c .P . O . Bo x 63A s h e v i l l e , NC 28802 509 ( a ) ( 2 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $35

Campaign f o r Migrant Worker J u s t i c e1221 Broadway S t r e e tToledo, OH 43609 509 ( a ) ( 1 ) Modelin g Labor S upp l y i n Ag r i c u l t u r e . $30

Cape Fear Housing Land Trust, I n c .20 North 4 t h S t r e e t , S u i t e 218Wilmin g t o n , NC 28401 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $50

C ape Fear River Watch, I n c .617 S u r r y S t r e e tWilmin g t o n , NC 28401 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $30

StatementPage 2 of


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GRANTS PAID - 2010

Carolina J u s t i c e P o l i c y CenterP . 0 . Bo x 309Durham , NC 27702-0309 5 0 9 ( a ) ( 1 ) F o r g e n e r a l o p e r a t i n g s u p p o r t . $ 6 0

Catawba County Hispanic Ministry737 1 2 t h S t . SWHickor y , NC 28602 50 9 ( a ) ( 1 ) For g e n e r a l o p e r a t i n g s u p p o r t . $30

Catholic S o c i a l Services of t h e RomanCatholic Diocese of Charlotte1123 S . Church S t r e e tC h a r l o t t e , NC 28203-4003 0 9 ( a ) ( 1 ) e a l Immi a t i o n S e r v i c e s . 4 0

Center f o r Community Action, I n c .PO Bo x 72 3Lumberton, NC 28359 509 ( a ) ( 1 ) Fo r t h e Women ' s Economic Eq u i t y P r o j e c t . $90

Center f o r Community Action, I n c .PO Bo x 72 3Lumberton, NC 28359 509 ( a ) ( 1 ) Fo r g e n e ra l o p e r a t i n g s u p p o r t . $10

Center f o r Death Penalty L i t i g a t i o n ,I n c .20 1 West Main S t . , S u i t e 30 1Durham, NC 27701 09 ( a ) ( 1 ) u b l i c Education an d I n f o r m a t i o n P r o j e c t . 95

Center f o r Participatory Change, I n c .P . 0 . Box 9238A s h e v i l l e , NC 28815 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $60

Center f o r Responsible LendingP . 0 . Bo x 3638Durham , NC 27702-3638 509 ( a ) ( 3 )

Adv ocacy an d o u t r e a c h on p r e d a t or y l e n d i n g reformsi n North C a r o l i n a . $115

Center f o r Responsible LendingP . 0 . Bo x 3638Durham , NC 27702-3638 50 9 ( a ) ( 3 ) F i g h t North C a r o l i n a F o r e c l o s u r e s . $40

Central P a r k NCP . 0 . Bo x 15 9S t a r , NC 27356 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $90

Centro de Enlace, I n c .P . O . Box 236B u r n s v i l l e , NC 28714 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $30,

Chatham Education FoundationP . 0 . Bo x 1518P i t t s b o r o , NC 27312 509 ( a ) ( 1 )

Chatham Education Foundation NBCT Leadership &Mentorin g Pro g ram . $4

StatementP a g e 3 o f 1


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GRANTS PAID - 2010

Child Care Services AssociationP . 0 . Bo x 901C ha p e l H i l l , NC 27514 50 9 ( a ) ( 1 )

North C a r o l i n a Statewide Child Care WorkforceStud y . $35

Clean Energy DurhamP . O . Bo x 2223Durham , NC 27702 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u pp o r t . $5

Clean Water f o r NC29 1 / 2 Page A v e n u eA s h e v i l l e , NC 28801 509 ( a ) ( 2 ) Fo r g e n e r a l o p e r a t i n g s u pp o r t . $25

Coalicion Latina d e l Condado deRandolphPO Bo x 3527Asheboro, NC 27204 09 ( a ) 1 ) o r e n e r a l o p e r a t i n g u pp r t . 25Coalicion Latinoamericano4938 C e n t r a l A v e n u eC h a r l o t t e , NC 28205 509 ( a ) ( 2 ) Immi a n t R i g h t s P r o g r a m . $ 5 0

Coastal Horizons Center, I n c .615 Shipyard B l v d .Wilmin g t o n , NC 28412 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $30

Common Ca u s e Education F u n d1133 1 9 t h S t . , NW, 9 t h F l o o rWashin g t o n , DC 20036 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $100

Community Building I n i t i a t i v e217 S . Tryon S t . , S t e . 307C h a r l o t t e , NC 28202-3201 509 ( a ) ( 1 ) Fo r e n e r a l o p e r a t i n g s u p p o r t . $25

Community Home TrustP . O . Bo x 307C a r r b o r o , NC 27510 509 ( a ) ( 1 ) C a p a c i t y b u i l d i n g s u p p o r t . $20

Community Reinvestment Associationof NCPO Bo x 1929Durham , NC 27701 01 ( c ) 3 ) o r n e r a l o p e r a t i n g u p p r t . 75

Community Success I n i t i a t i v e , I n c .P . O . Bo x 61114R a l e i g h , NC 27661 509 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $25

Conservation FundP . 0 . Bo x 271 50 9 ( a ) ( 1 ) Fo r g e n e r a l o p e r a t i n g s u p p o r t . $500

StatementP a g e 4 o f


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GRANTS PAID - 2010Cha p e l H i l l , NC 27514

C onservation T rust for NC1 02 8 Was hi n gt o n S t r e e tR a l e i g h , NC 27605 509 ( a ) ( 2 ) Fo r g e n e r a l o p e r a t i n g s u pp o r t $50

Core Sound Waterfowl MuseumP . 0 . Bo x 556Harkers I s l a n d , NC 28531 50 9 ( a ) ( 1 )

Vision f o r t h e F u t u r e : Engaging Down EastCommunities . $ 5 0

Corporation f o r EnterpriseDevelopment1200 G S t r e e t , NW, S u i t e 400Washin g t o n , DC 20005 09 ( a ) ( 1 ) u n i c i p a l Economic Opp o r t u n i t y P r o j e c t . 50

Council f o r Children ' s Rights, I n c .60 1 E a s t 5 t h S t r e e t , S u i t e 510C h a r l o t t e , NC 28202 50 9 ( a ) ( 1 ) H o l i s t i c C h i l d M e n t a l H e a l t h R e p r e s e n t a t i o n . $ 6 0Council f o r Children ' s R i g h t s , I n c .60 1 E a s t 5 t h S t r e e t , S u i t e 510C h a r l o t t e , NC 28202 509 ( a ) ( 1 )

The L a r r y King Center f o r Building C h i l d r e n ' sF u t u r e s . $50,

C r i s i s Assistance Ministry500-A S p r a t t S t r e e tC h a r l o t t e , NC 28206 5 0 9 ( a ) ( 1 ) Seein g E y e t o E y e Throu g h Advocac y . $25,

Dan River Basin Association413 Church S t r e e t , S u i t e 40 1Eden, NC 27288-3243 509 ( a ) ( 1 ) F o r g e n e r a l o p e r a t i n g s u pp o r t . $60,

Darryl H u n t Project f o r F reedo m andJ u s t i c e , I n c .E i g h t West Third S t . , S u i t e 350Winston Salem , NC 27101 09 (

Z Smith Reynolds 586038145_201012_990PF

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