7/29/2019 Z Smith Reynolds 586038145_201112_990PF
1/61
Return o f P r i v a t e Foundation OMB No 1545-0052Form 990-PF or Section 4947' a ) ( 1 ) Nonexempt Charitable Trust2011Department of th e T r e a s u ry Treated as a P r i v a t e 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 ma y b e a b l e t o u s e a c o p y o f t h i s r e t u r n t o s a t i s f y s t a t e r e p o r t i n g r e q u i r e m e n t s .
F o r c a l e n d a r y e a r 2 0 1 1 or t a x y e a r b e g i n n i n g , a n d e n d i n gName o f f o u n d a t i o n A Employer i d e n t i f i c a t i o n number
Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145Number and street ( or P 0 box number if mail is no t delivered t o street address ) Room/suite B T e l e p h o n e number14 7 SOUTH CHERRY STREET 200 336-725-7541C it y o r town, s t a t e , an d ZI P code C I f exemption application is pending, check hereWINSTON-SALEM , NC 27101
G 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 u r n 0n i t i a l r e t u r n o f a f o r m e r p u b l i c c h a r i t y 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 eF i n a l r e t u r n E --]Amended r e t u r n
E:]Address c h a n g e 0ame c h a n g e Foreign organizations m e e t in g th e 85% t e s t ,2 c h e c k here and attach co mpu t at ionH 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 t i o n 5 0 1 ( c ) ( 3 ) exempt p r i v a t e f o u n d a t i o n E I f p r i v a t e f o u n d a t i o n s t a t u s was t e r m i n a t e d
S e 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 t El O t h er t ax a bl e p r i v a t e f o u n d a t i o n u 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 1 1 1 1 0 -I 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 ou n t i n g m e th o d : a s h 0c c r u a l F I f t he 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 o n( f r o m P a r t f l , c o l ( c ) , l i n e 1 6 ) 0t h e r ( s p e c i f y ) u n d e r s ec ti on 5 0 7 ( b ) ( 1 ) ( B ) , c h e c k h e r e^$ 15 8 4 2 9 5 6 . ( P a r t 1 , column ( d ) m u s t b e o n c as h b a s i s )Part I A n a l y s i s o f Revenue a n d Expenses ( a ) Revenue a n 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 e t ( d ) Disbursements(The t o t a l of amounts in columns ( b) , ( c ) , and ( d ) may no t
n e c es s a r ily equ a l th e amounts in column ( a ) ) e x p e n s e s p er books income income fo r charitable purposes( ca s h b a s is only)1 C o n t r i b u t i 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 18 , 334 , 615 - N/A2 C h e ck Elf t h e f o u n d a h o n i s n o t r e q u i r e d t o a t t a c h S ch B
Interest on savings and temporary3 cash in v e s t m e n t s 7 , 107 7 , 1074 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 u r i t i e s 270 , 660 . 270 , 660.5 a G r o s s r e n t sb Ne t rental income or ( l o s s )
6a Ne t gain or (loss ) f r o m sale o f a s s e t s no t on l i n e 10 36 6 , 287.Gross s a l e s p r i c e f o r a l lb assets on l i n e ea 101798 ,761.
7 C a pi ta l g a in n e t income ( f r o m P a r t I V , l i n e 2) 36 6 , 287.c c 8 N e t s h o rt - t er 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 s
Gross s a l e s l e s s r e t u r n s10 a an d allowancesb Less Cost of goods soldc G r o s s p r o f i t or ( l o s s )
1 1 O t h e r i n c o m e1 2 T o t a l . Ad d l i n e s 1 t h r o u g h 1 1 18 , 978 6 6 9 . 6 4 1 4 054: '13 Compensation of o f f ic ers , d i r e c t o r s , t r u s t e e s , et c 411 159 . 4 11 159.1 4 O t h e r e m p l o y e e s a l a r i e s a n d wages 542 180 - ; 1 0. I U I 54 2 180 .1 5 P e n s i o n p l a n s , e m p l o y e e b e n e f i t s 262 027. I I I C Y l 9 1 1 2 ?0i2 10 1 262 , 027.
I D 1 6 a L e g a l f e e s STMT 1 42 , 598. I WL 0. I 42 , 598.W b A c c o u n t i n g f e e s STMT 2 31 , 513. 1 I n x 0 e ; e - - - I 31 51 3 .W c O t h e r p r o f e s s i o n a l f e e s -"- 't 9 I
1 7 I n t e r e s t1 8 T a x e s STMT 3 6 3 , 980. 0. 6 0 , 136.1 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
E 2 0 O c c u p a n c y 205 , 313. 0. 205 , 313.4 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 187 303 . 0 . 187 303 .r - 2 2 P r i n t i n g a n d p u b l i c a t i o n s 3 24 6 . 0 . 3 24 6 .0 2 3 O t h e r e x p e n s e s STMT 4 833 , 425. 0. 8 - 3 - 3 , 425.M 2 4 T o t a l o p e r a t i n g and a d m i n i s t r a t i v ea e x p e n s e s A d d l i n e s 1 3 t h r o u g h 2 3 2 582 7 4 4 . 0. .- , 5 - 7 - 88 9 000 2 5 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 15 4 89 5 51- 15 6 4 3 505
2 6 T o t a l expenses a n d d i s b u r s e m e n t s .Add l i n e s 2 4 a n d 2 5 18 07 2 295. 0. 18 222 405.
2 7 S u b t r a c t l i n e 2 6 f r o m l i n e 1 2 :a Excess of revenue o v e r expenses an d disbursements 9 06 , 374.b N e t i n v e s t m e n t income [ i f n e g a t i v e , e n t e r - 0 - ) 6 4 4 , 054c A d j u s t e d n e t income ( i f n e g a t i v e e n t e r - o - ) N / A
2 - 0 2 ' 1 1 LHA F o r Paperwork R e d u c t i o n A c t N o ti c e , s e e i n s t r u c t i o n s . F o r m 990-PF ( 2 0 1 1 )
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
2/61
Fnrm OOn-DG 1 1) n111 7 QMTrPLT 1DLVTC5T T1Q V TTTTn7%M r rAT TTTf'r CO Cn 2 01 A C
P a r t I I B a la n ce S he et s A t t 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 B e g i n n i n g o f y e a r E n d o f y e a rc o l u m n s h ou l d b e f or e n d - o f - y e a r a m o u n t s o n l y ( a ) Book V a l u e ( b ) Book V a l u e ( c ) F a i r M 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 o r a r y c a s h i n ve s t me n t s 740 , 075. 645 , 043. 645 , 043.3 A c c o u n t s r e c e i v a b l e ^ 15 , 678.
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 ^ 6 , 516. 15 , 678. 15 , 678.4 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 e s a n d d e f e r r e d c h a r g e s
1 0 a I n v e s t m e n t s - U . S . a n d s t a t e g o v e r n m e n t 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 p o r a t e s t o c k STMT 7 8 , 347 , 489. 9 , 054 , 415. 9 , 110 , 2 0 2 .c I n v e s t m e n t s - c o r p o r a t e bonds STMT 8 5 , 687 , 188. 5 , 972 , 505. 6 0 71 923.
11 I n v e s t m e n t s - l a n d b u i l d i n g s a n d 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 e d d e p i e c i a h o n ^ 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 , a n d 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 e d d e p r e c i a t i o n ^1 5 O t h e r a s s e t s ( d e s c ri 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 14 , 869 , 884. 15 , 687 , 751. 15 , 842 , 956.1 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 a n t s p a y a b l e
u ) 1 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 , directors, trustees, and o t h e r d i s q ua l i fi e d persons2 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 ya b l e2 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 u g h 2 2 ) 0. 0 .F o u n d a t i o n s t h a t f o l l o w SFAS 1 1 7 , c h e c k h e r e ^0a n d 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 dCa 2 5 T e m p o r a r i l y r e s t r i c t e d
c o 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 ^
' L a n d c o m p l e t e l i n e s 2 7 t h r o u g h 3 1 .y 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 .I U D ) 2 8 P a i d - i n or 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 .U ) 2 9 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 14 , 869 , 884. 15 , 687 , 751. 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 14 , 869 , 884. 15 687 , .51
3 1 T o t a l l i a b i l i t i e s a n d n e t a s s e t s / f u n d b a l a n c e s 14 , 869 8 8 4. 15 6 87 , .51Part I l l 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( m u s t a g r e e w i t h e n d - o f - 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 2 7 a3 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 ) ^ SEE STATEMENT 56 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 e n d o f y e a r ( l i n e 4 minus l i n e 5 ) - P a r t I I . column ( b ) . l i n e 3 0
14,869,884.906, 374.
0.15,776 ,258.
88, 507.15,687 ,751.
123511F o r m 990-PF ( 2 0 1 1 )
12-02-11
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
3/61
F o r m 9 9 0 - P F ( 2 0 1 1 ) Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g e 3Pa r t IV Capital Gains and L osses for Tax on Investment Income
( a ) L i s t a n d d e s c r i b e t he k i nd ( s) o f p r op e r ty s ol 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 , 2 0 0 s h s . ML C C o . )
( b How a c q u i r e dD - P 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(mo , d a y , y r . ) ( d ) D at e s ol d( m o . , d a y , y r
l ab SEE ATTACHED STATEMENTCde
( 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 or o th e r b a si sp l u s e x p e n s e o f s a l e ( h ) G a i no r ( l o s s )( e ) p l u s ( f ) m i n u s ( g )
abcde .0 , 98 , 761. 10 432 474. 366 287.
Compl 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 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 minus( 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 . ( I ) , i f a n y
c o l . ( k ) , b ut n ot l e s s t h a n - 0L o s s e s ( f r o m c o l . ( h ) ) - ) o r
abcde 366 287.
2 C a p i t a l g a i n n e t i n c o m e o r ( ne t c a p i t a l l o s s )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 7I f ( l o s s ) , e n t e r - 0 - i n P a r t I , l i n e 7 2 366 , 287.
3 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 ) a s d ef i n ed 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 l s o e n t e 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/ APart V Qualification Under Section 4940( e ) for Reduced Tax on Net Investment Income
( F o r o p t i o n a l u s e b y d o m e s t i 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 p li e s , l e av e t h i s p a r t b l a n k .Wa s th 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 ta 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 th e b a s e p e r i o d ? El 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 th 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 ( or ta x y e a r b e g i n n i n g i n ) ( b )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 r i t a b l e - u s e a s s e t s D i s t r i b u t i o n r a t i o( c o l . ( b ) d i v i d e d b y c o l . ( c ) )2 0 1 0 19 586 433. 11 341 965. 1.7268992 0 0 9 23 549 094. 14 071 828. 1.6734922 0 0 8 22 053 326. 14 502 464. 1.5206612 0 0 7 19 927 637. 13 041 241. 1.5280482 0 0 6 19 620 701. 12 193 398. 1.609125
2 T o t a l o f l i n e 1 , column ( d ) 2 8.0582253 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 ,
th 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 .611645
4 E n t e r th e 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 f o r 2 0 1 1 f r o m P a r t X , l i n e 5 4 9 083 , 077.
5 M u l t i p l y l i n e 4 b y l i n e 3 5 14 , 638 , 696.6 E 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 , l i n e 2 7 b ) 6 6 , 441.7 Add l i n e s 5 a n d 6 7 14 , 645 , 137.8 E n t e r q u a l i f y i n g d i s t r i b u t i o n s f r o m P a r t X I I , l i n e 4 8 18 , 222 , 405.
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 box i n P a r t V I , l i n e 1 b , a n d c o m p l e t e t h a t p a r t u s i n g a 1% ta x r a t e .S e e th e P a r t V I i n s t r u c t i o n s .
123521 12-02-11 Form990-PF(2011)
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
4/61
F o r m 9 9 0 - P F 2 0 1 1 Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g e 4Part V I Excise Tax Based on Investment Income ( Section 4940 a ) , 4940 b ) , 4940 e ) , or 4948 - see instructions)l a Exempt o p e r a t i n g f o u n d a t i o n s d e s c r i b e d i n s e c t i o n 4940 ( d ) ( 2 ) , c h e c k h e r e ^0n d e n t e r ' N / A ' o n l i n e 1 .
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 c o p y 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 t h 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% 1 6 , 4 4 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 4947 ( 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 - ) 2 0.3 Ad d l i n e s 1 a n d 2 3 6 , 4 4 1.4 S u b t i t l e A ( i n c o m e ) t a x ( d o m e s t i c s e c t i o n 4947 ( a ) ( 1 ) t r u st 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 - ) 4 0.5 Tax based 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 - 5 6 4 4 1.6 C r e d i t s / P a y m e n t s :
a 2 0 1 1 e s t i m a t e d t a x payments a n d 2010 o v e r p a y m e n t c r e d i t e d t o 2 0 1 1 6 a 13 , 081.b Exempt f o r e i g n o r g a n i z a t i o n s - t a x w i t h h e l d a t s o u r c e 6 bc T a x p a id w i th a p pl i ca t i on 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 h h o l d i n g e r r o n e o u s l y w i t h h e l d 6 d
7 T o t a l c r e d i t s a n d payments . Ad d l i n e s 6 a t h r o u g h 6 d 7 13 , 081.8 E n t e r a n y p e n a l t y f o r underpayment o f e s t i m a t e d t a x . Check h e r e0f Form 2220 i s a t t a c h e d 89 Tax d u e . I f t he 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 ^ 9
1 0 Overpayment . I f l i n e 7 i s more t h a n t h e t o t a l o f l i n e s 5 a n d 8 , e n t e r t h e amount o v e r p a i d ^ 1 0 6 , 6 4 0.1 1 E n t e r t h e amount o f l i n e 1 0 t o b e : C r e d i t e d t o 2012 e s t i m a t e d t a x 6 6 4 0 . Refunded 1 0 - 1 1 0.Part V I I - A Statements Regarding A c t i v i t i e sl a D u r i n g t h e t a x y e a r , d i d t he f o u nd a t i o n a t t e m p t t o i n f l u e n c e a n y n a t i o n a l , s t a t e , o r l o c a l l e g i s l a t i o n o r d i d i t p a r t i c i p a t e o r i n t e r v e n e i n Yes No
a n y p o l i t i c a l campaigns 1 a Xb D i d i t s p e n d more t h a n $100 d u r i n g t he 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 r u c t i o n s f o r d e f i n i t i o n ) ? l b X
I f t h e answer i s " Y e s " t o l a o r 1 b , a t t a c h a d e ta i l e d d e s c r i p t i o n o f t h e a c t i v i t i e s and copies o f an y m a t e r i a l s published o rd i s t r i b u t e d b y t h e f o u n d a t i o n i n connection w i t h t he a c t i v i t i e s
c D i d t h 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 ? 1 c Xd E n t e r t he 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 ) On t he f o u n d a t i o n . ^ $ 0. ( 2 ) On f o u n d a t i o n m a n a g e r s . N o . $ 0.e E n t e r t he 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 t h 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 t a x imposed o n f o u n d a t i o n
m a n a g e r s . ^ $ 0.2 H a s t h e f o u n d a t i o n e n g a g e d 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 u s l y b e e n r e p o r t e d t o t h e I R S ? 2 X
I f " Y e s , " 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 h e a c t i v i t i e s3 H a s t h e f o u n d a t i o n made a n y c h a n g e s , n o t p r e v i o u s l y r e p o r t e d 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 t t a c h a conformed copy o f t he changes 3 X4 a D i d t h 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 t h e y e a r ? 4 a X
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/A 4 b5 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 , d i s s o l u t i o n , o r s u b s ta n t i al c o n tr a c t io n d u r i n g t h e y e a r ? 5 X
I f " Y e s , ' a t t a c h t h e statement r e q u i r e d b y General I n s t r u c t i o n T .6 A r e t h 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 :
B y 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 B y 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 t r u m e n t s o t h a t n o m a n d a t o r y d i r e c t i o n s t h a t c o n f l i c t w i t h t he 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 ? 6 X7 D i d t he f o u n da t i o n h a ve 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 me d u ri n g t h e y e a r ? 7 X
I f " Y e s , " complete P a r t l l , c o l . ( c ) , and P a r t XV8 a E n t e r t he s ta t es 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 r u c t i o n 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 t h e A t t or 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 qu i re 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 at e o p e r a t i n g f o u n d a t i o n w i t h i n t he meaning o f s e c ti o n 4 9 4 2 (l ) ( 3 ) o r 4 9 4 2 ( l ) ( 5 ) f o r c a l e n d a ry e a r 2 0 1 1 o r t he t a xa b le y e a r b e g i n n i n g i n 2 0 1 1 ( s e e i n s t r u c t i o n s f o r P a r t X I V ) ? I f " Y e s , ' complete P a r t XIV
0 D i d a n y p e r s o n s become s u b s t a n t i a l c o n t r i b u t o r s durmo t h e t a x y e a r ? I f " Y es_ " attac h a sc he d u l e hctmn t h e i r names and addressee
8 b I X91 IX
F o r m 9 9 0 - P F ( 2 0 1 1 )
12353112-02.11
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
5/61
a r m 9 9 0 - P F 2 0 1 1 Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a e 5Part V I I - A Statements Regarding Activities ( c o n t i n u e d )1 1 A t a n y t i me 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 , 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 th i n t h e meaning 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 d a t i o n make a d i s t r i b u t i o n t o a d o n o r a d v i s e d f u n d o v e r w h i c h t h e f o u n d a t i o n o r a d i s q u a l i f i e d p e r s o n h a d a d v i s o r y p r i v i l e g e s ?
I f " Y e s , a t t a c h s t a t e m e n t ( s e e i n s t r u c t i o n s ) 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 bl i c i n s pe c t i on 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 pt i o n a p p l i c a t i o n ? 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 ^
a 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/A1 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 ar 2 0 1 1 , d i d t h e f o un d at 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 No
s 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 t h e i n st r uc t io 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 Form TD F 9 0 - 2 2 . 1 . I f " Y e s , e n t e r t h e name o f t h e f o re i gnc o u n t r y
Part V I I - B Statements Regarding Activities for Which Form 4720May Be RequiredF i l e F o r m 4720 i f any item i s checked i n the "Yes " c o l u m n , unless an exception a p p l i e s . Yes NO
l 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 h e 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 s 0eso( 2 ) B o r r o w money f ro m , l e n d money t o , o r o t h e r w i s e e x t e 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 d i s q u a l i f i e d p e r s o n ? 0eso( 3 ) F u r n i s h g o o d s , 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 ? 0eso( 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 ? es0o( 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 a n y o f e i t h e r a v a i l a b l e
f o r t h e b en e fi 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 ) ? 0eso( 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 government o f f i c i a l ? ( E x c e p t i o n . C h e c k " 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 . ) 0eso
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 pt i o n s d e s c r i be 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 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 ) 1 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 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 ct s d e s c r i b e d i n 1 a , o t h e 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 re c t e db e f o r e t h e f i r s t d a y o f t he t ax y e a r b e g i n n i n g i n 20119 t c X
2 T a x e s o n f a i l u r e t o d i s t r i bu t e i n c o m e ( s e c t i o n 4 9 4 2 ) ( d o e s n o t 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 4 9 4 2 ( 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 1 , 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 6 d a n d 6 e , P a r t X I I I ) f o r t a x y e ar ( s ) b e g i n n i n gb e f o r e 20119 0esoI 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 h e y e a r ' s u n d i s t r i b u t e d income? ( I f a p p l yi n g s e c ti o 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 2 b
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 n d a t i o 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 ? Yeso
b I f " Y e s , d i d i t h a ve 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 1 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 qu a l if 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 ge r p e ri o d a p p r o v e d b y t h e Commissioner u n d e r s e ct 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 q u e s t ; 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 ? (Use Schedule C ,F orm 4720, 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 1 . ) N/A 3 b
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 p u r p o s e s ? 4 a Xb 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
h a d n o t b e e n removed f r o m i e o p a r d v b e fo 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 beoimmna i n 20119 4 b XF o r m 990-PF ( 2 0 1 1 )
1235411 2-0 2-1 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
6/61
F o r m 9 9 0 - P F 2 0 1 Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a e 6Part V I I - B Statements Regarding A c t i v i t i e s f o r Whi ch For 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 id t he f o u n d a t i o n p a y o r i n c u r a n y amount t o :
( 1 ) C a r r y 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 4 9 4 5 ( e ) ) ? E] Yeso( 2 ) I n f l u e n c e t h e outcome o f a n 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 ct i o n 4 9 5 5 ) ; 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 ? 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 es E] No( 4 ) P r o v i d e a g ra n t t o a n o r g a ni z a ti o n o t he 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 4 9 4 0 ( d ) ( 2 ) ? E] Yeso( 5 ) P r o v i d e f o r a n y p u r p o s e o t h e r t h a n 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 i l d r e n o r a n i m a l s ? E] Yesob 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 a n y 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 s
s e c t i o n 5 3 . 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 ^
c I f th 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 th 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 h e g r a n t ? N/A E:1 Yes0oI f " Y e s , " a t t a c h t h e statement r e q u i r e d by Regulations s e c t i o n 53 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 ? 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 p r e m i u m s , 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 ' ? 6 b XI f " Y e s " t o 6 b , f i l e For m 8870
7 a A t a n y t i m e d u r i n g t h e t a x y e a r , wa s th 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 el t e r t r a n s a c t i o n ' s 0esob i t " Y e s " d id t h e f o u n d a t i o n r e c e i v e a n y p r o c e e d s o r h a v e a n y 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 b
Part V I I I Information About O f f i c e r s , Directors , Trustees , Foundation Managers, Highlya P aid Employees , a nd Contractors1 L i s t a l l o f f i c e r s , d i r e c t o r s , trustees , foundation man a g er s a nd t h e i r compensation.
( a ) Name 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 dt o 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 id ,e n t e r - 0 -
( d ) C o n t r i b u b o n s t oe mp a n d e d e t e r r e d p t a n s
c o m p e n s a t i o n( e ) E x e n s ea c c o u n t , o t h e ra l l o w a n c e s
SEE STATEMENT 9 411 159. 9 6 , 267. 0.
2 Comoensation of five hiahest-paid emolovees (other than those included on line 1 1 . I f none. enter "NONE."
( a ) N ame a n d a d d r e ss o f e a c h e m p l o y e e p a i d more 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) C o n t r i b u t i o n s t oemp o g e e b e n e f i t p l a n s
c 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 sJOY VERMILLION HEINSOHN - 1937 DIRECTOR FOR PROGRAMS-ANGELO STREET , WINSTON-SALEM , NC 40.00 87 , 000. 271574, 0.R.H. TRUAX - 101 BOLINWOOD DR. , PROGRAM OFFICERCHAPEL HILL , NC 27514 40.00 85 , 000. 23 , 397. 0.JAMES GORE - 20 E. SPRAGUE ST. , PROGRAM OFFICERWINSTON-SALEM , NC 27106 40.00 80 , 500. 14 , 507. 0.BARBARA J. MABE MIN ASSISTANT/BOOKKEEPER1033 FAIN ROAD , WESTFIELD , NC 27053 40.00 59 , 728. 28 , 729. 0.LARITA BELL - P.O. BOX 26872 , RAVEL/MEETI S COORDI ATORWINSTON-SALEM , NC 27114 40.00 52 867. 20 , 819. 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 ^ 1 0
F o r m 990-PF ( 2 0 1 1 )
12355112-02-11
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
7/61
F o r m 9 9 0 ' P F ( 2 0 1 1 ) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 P a g e 7Part V I I I Information About Officers , Directors , Trustees, Foundation Managers, HighlyPaid Employees, and Contractors ( c o n t i n u e d )3 F i v e highest-paid independent contractors f o r professional s e r v i c e s . I f none, enter "NONE."
( a ) Name a n d a d d r e s s o f e a ch 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 ) CompensationNONE
T o t a l number o f o t h e r s r e c e i v i n o v e r $ 5 0 , 000 f o r p r o f e ss i on a l s e r vi c es 0Part I X - A Summary o f Direct Charitable A c t i v i t i e sL i s t t h e 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 he t ax y ea r. I n c l u d e r e l e v a n t 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 t h 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 fi ci a ri e s s e r v e d , c o nf e r e nc e s c o n ve n e d , r e s e a r c h p a p e rs p r o du c e d , e t c . E x p e n s e s
tSEE STATEMENT A3 56 952.
2
3
4
Part I X - B Summary o f Program - Related InvestmentsD e s c r i b e t h e t w o l a r g e s t p r o g ra m - r e l a t e d i n v e s t m e nt s made b y t h e f o u n d a t i 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
0 .T o t a l . Add l i n e s 1 t h r o u g h 3 ^ 0.
F o r m 990-PF ( 2 0 1 1 )
12358112-02-11
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
8/61
Form 990-PF(2011) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 P a g e 8Pa r t X Minimum Investment Return ( A l l domestic foundations m ust complete t h i s p a r t F o r e i g n f o u n d a t i o n s , se e i n s t r u c t i o n s . )
1 F a i r m a r k e t v a l u e o f a ss e t s n ot 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 ar r y in g o ut 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 u r i t i e s i s 9 , 1 86 , .9 1b 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 , 0 0 7c 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 0d T o t a l ( a d d l i n e s 1 a , b , a n d c ) 1 d 9 , 2 2 1 , .9 8e R e du c t i o n c l a i m ed f o r b l o c k a g e o r o t h er fa ct or 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 9 , 2 2 1 , 39 8 .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 1 38 , 32 1 .5 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 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 er h e r e a n d o n P a r t V , l i n e 4 5 9 083 , 077 .6 Minim um 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 6 454 1 54 .P a rt XI Distributable Amount ( s e e i n s t r u c t i o n s ) ( S ec t i on 4 9 4 2 (j ) ( 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 ^Qn d d o 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 6 1 454 154 .2 a T a x o n i n v e s t m e nt i n c o m e f o r 2 0 1 1 f r o m P a r t V I , l i n e 5 2 a 6 , 441.
b I n c o m e t ax f o r 2 0 1 1 . ( T h i s d o e s n ot i n c l ud e t h e t ax f r o m P a r t V I . ) 2 bc Add l i n e s 2 a a n d 2 b 2 c 6 441 .
3 D i s t r i b u t a b l e amount b e f o r e a dj u s t m en t s . S u bt r a c t l i n e 2 c f r o m l i n e 1 3 447 713 .4 R e c o v e r i e s o f amounts t r e a t e d a s q u al i f y in g d i s t ri b u ti o n s 4 1 53 9 54 .5 Add l i n e s 3 a n d 4 5 601 , 667 .6 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 tr uc t i on s ) 6 0 .7 D i s t r i b u t a b l e amount a s a d u s t e d . S u b t r a c t l i n e 6 f r o m l i n e 5 . E n t e r h e r e a n d o n P a r t X I I I , l i n e 1 7 601 , 667.Part X I I Qualifying 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 )
1a
Amounts 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 l a 18 , 222 , 405.
b P r o gr a m -r e l a t ed i n v e s t m en t s - t o t a l f r o m P a r t I X - B 1 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 23
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 t 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 C a s h 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 nt er h e r e a n d o n P a r t V , l i n e 8 , a n d P a r t X I I I , l i n e 4 4 18 , 222 , 405.5 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 o f t ax o n ne 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 6 , 441.6 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 1 8 , 2 1 5 , 964.
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 ar 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 n4 9 4 0 ( e ) r e d u c t i o n o f t ax i n t h o s e y e a r s .
q u a l i f i e s f o r t h e s e c t i o n
F o r m 9 9 0 - P F ( 2 0 1 1 )
1235711 2 - 0 2 - 1 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
9/61
F o r m 9 9 0 - P F ( 2 0 1 1 ) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 P a g e 9P a r t X I 1 1 Undistributed Income ( s e e i n s t r u c t i o n s )
( a ) ( b ) ( c ) ( d )C o r p u s Y e a r s p r i o r t o 2010 2010 2011
1 D i s t r i b u t a b l e amount f o r 2 0 1 1 f r o m P a r t X I ,l i n e ? 60 1 667.
2 U n d i s t r i b u t e d income, i f an y, as o f th e end o f 2011a E n t e r amount f o r 2010 o n l y 505 , 799.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 1 :
a From 2006b From 2007c From 2008d From 2009e From 2010f 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 2 0 1 1 f r o mP a r t X l l , l i n e 4 : ^ $ 1 8 2 2 2 4 0 5 .
a A p p l i e d t o 2 0 1 0 , b u t n o t more t h a n l i n e 2 a 505 , 799.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 ( 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 ) 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 ) * * 16 , 9 0 3 , 934.d A p p l i e d t o 2 0 1 1 d i s t r i b u t a b l e amount 601 , 667.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 211 , 005.
5 Excess d i s tri b u tion s carryove r applied to 2011 0. 0.( I f a n amount appears i n column ( d ) , t h e s a m e amoun tmust 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 1 , 4c, and 4e Subtract l i n e 5 17 , 1 1 4 , 939.b P r i o r y e a r s' u nd i s t 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 i c i e n c 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 1 0 . S u b t r a c t l i n e4 a 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 U n d i s t r i b u t e d income f o r 2 0 1 1 . 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 2012 0
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 ) 16 , 9 0 3 , 934.8 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 2006n o t a pp l i e d o n l i n e 5 o r l i n e 7 0 .
9 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 t o 2 0 1 2 .S u b t r a c t l i n e s 7 a n d 8 f r o m l i n e 6 a 2 1 1 0 0 5
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 2007b E x c e s s f r o m 2008c E x c e s s f r o m 2009d E x c e s s f r o m 2010
1235811 2 - 0 2 - 1 1
** SEE STATEMENT 10 F o r m 990-P F ( 2 0 1 1 )
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
10/61
F o r m 9 9 0 - P F 2 0 1 1 Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g e 1 0Part XI V Private Operating Foundations ( s e e i n s t ru c t i on s a n d 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 n g i s e f f e c t i v e f o r 2 0 1 1 , e n t e r t h e d a t e o f t h e r u l i n g ^ Lb 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 p r i v a t e o p e r a t i n g f o u n d at i o n d e s c ri b e d i n s e c t i o n
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 t T a x y e a r P r i o r 3 y e a si n c o m e f r o m P a r t I o r t h e minimum ( a ) 2 0 1 1 ( b ) 2010 ( c ) 2009i 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 fy i n g d is t ri b u ti o ns 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 fexempt 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 n d e r s e c t i o n 4 9 4 2 ( I ) ( 3 ) ( B ) ( i )b "Endowment' 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 ca n d 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 ) ( n i )
( 3 ) L a r g e s t amount o f s u p p o r t f r o m
o rU94 2( d ) 2008 I ( e ) T o t a l
a n exempt 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 e
Part XV Supplementary Information (Complete t h i s p a r t only i f the foundation had $5,000 or more i n assetsa t any time during the year-see i n s t r u c t i o n s . )
1 Information Regarding Foundation Managers:a L i s t a n y managers o f t h e f o u n d a t i o n w ho 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 tr i bu t i on s r e c ei v e d b y t h e f o u n d a t i o n b e f o r e t h e c l o s e o f a n y t a x
y 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 an $ 5 ,0 0 0 ) . ( S ee s e ct i on 5 0 7 ( d) ( 2 ) .)NONE
b L i s t a n y managers o f t h e f o u n d a t i o n w ho ow n 1 0 % o r more 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 e r s h i 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 1 0% 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 ^0f 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 e r c o n di t i o n s , 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 me , a d d r e s s , a n d t e l e p h o n e n u m b e r 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 b m i t t e d a n d i n f o r m a t i o n a n d 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 :
1 2 3 5 0 1 1 2 - 0 2 - 1 1 F o r m 9 9 0 - PF ( 2 0 1 1 )
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
11/61
nformation TI3 Grants a n d Contributions P ai d D u ri n g th e Year o r Aooroved f o r Future P a v m e n t
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 P a i d dung th e year
GRANTS PAID SEE STATEMENT B15 643 505.
T o t a l ^ 3a 15 643 505b Approved f o r future payment
FUTURE PAYMENTS SEE STATEMENT C12 559 937.
T o t a l ^ 3b 1 12 55 9 937,F o r m 990-PF ( 2 0 1 1 )
123611 12-02-11
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
12/61
F o r m 9 9 0 - P F ( 2 0 1 1 ) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 P a g e 1 2Part XVI - A Analysis of Income-Producing Activities
E n t e r
1 P r oabcdef9
2 Me3 I n t
i n v4 D i v5 N e t
ab
6 N e tp r o
7 0 t h8 G a l
t h a9 N e t
1 0 G r1 1 O t
abcde
1 2 S u b t o t a l .T o t a l Ad d l i n e 1 2 , columns ( b ) , ( d ) , a n d ( e ) 1 3 644: 054.
( S e e w o r k s 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 . )PartXVI- B Relationship o f A c t i v i t i e s t o th e Acc omplishment o f Exe m p t Purpos es
r o s s amounts u n l e ss o t h e rw i se 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 )
AmountE x c -c o d "c o d e
( d )Amount
R e l a t e d o r exemptf u n c t i o n i n c o m e
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 l 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 h
e s t m e n t s - 14 7 , 107.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 14 270 , 660.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 c ed p r op e rt yN o t d e b t -f i na n c e d p r o pe 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 ye 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 18 366 , 287.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 :
Ad d columns ( b ) , ( d ) , a n d ( e ) 0 . 6 4 4 0 5 4 .
g
B
oh
0 .
1 z 021 , F o r m 990-PF ( 2 0 1 1 )
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
13/61
F o r m 9 9 0 - P F 2 0 1 1 Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 P a g e 1 3Part X V I I Informa tion Regarding Transfers T o a n d Transactions a n d Relationships With NoncharitableExempt OrganizationsD 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 lo w i ng 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 l a ( l ) 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 exempt 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 l t a b l e exempt 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 1 b 4 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 )( 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 )S 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 ss et s , o r p a i d e m p l o y e e s 1 c XI f t h e a n s w e r t o a n y o f t he 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 w i 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 ce s g i ve n b y t h e r e p o r t in 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 , show 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 penalties o f p e r ju r y , declare that I have examined t h i s r e tu r n , including accompanying s c h ed u l e s and s t a t e m e n t s and to th e best o f my knowledgeand belief , i t is t r u e , correct and complete Declaration of preparer ( other t h a n t a x pa y e r ) is May th e I R S d i sc u s s thisSign
HereS i g a t ur e o f o I c e r o r t r us t e e D a t
P r i n t / T y p e p r e p a r e r ' s n am e P r e p a r e r ' s s i g n a t ur e
Paid GARRICK L. MARTIN
2 a 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 h e r t h a n s e c t i o n 5 0 1 ( c ) ( 3 ) ) o r i n s e c t i o n 5277 De s o
b I f ' Y e s ; c o m p l e t e t h e f o l l o w i n g s c h e d u l e .
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
14/61
Schedule B(Form 990 , 990-EZ,or 990-PF)Department o f t h e T r e a s u r yI n t e r n a l Revenue S e r v i c eName o f the organization
Schedule o f Contributors^ Attach t o Form 990, Form 990-EZ, o r Form 990-PF. 2011
Employer i d e n t i f i c a t i o n n u m ber
Organization type (check o n e )
F i l e r s o f : Section:
Form 9 9 0 o r 990-EZ 50 1 ( c ) ( ) ( e n t e r number) o r g a n i z a t i o n09 4 7 ( a ) ( 1 ) nonexempt c h a r i t a b l e t r u s t not t r e a t e d as a p r i v a t e foundation5 2 7 p o l i t i c a l o r g a n i z a t i o n
Form 990-PF 0 1 ( c ) ( 3 ) exempt p r i v a t e foundation0947( a ) ( 1 ) nonexempt c h a r i t a b l e t r u s t t r e a t e d as a p r i v a t e foundation501 ( c ) ( 3 ) t a x a b l e p r i v a t e foundation
OMB No 1545-0047
8-60381
Check 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 o r both t h e General Rule and a S p e c i a l Rule Se e 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 , 990-EZ, o r 990-PF t h a t r e c e i v e d , d ur i n g t h e y e a r , $5,000 o r more ( i n money o r p r o p e r t y ) from any on ec o n t r i b u t o r Complete P a r t s I and I I .
Special RulesOo r a s e c t i o n 5 0 1 ( c ) ( 3 ) o r g a n i z a t i o n f i l i n g Form 9 9 0 o r 9 9 0 - EZ t h a t met 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 s5 0 9 ( a ) ( 1 ) and 1 7 0 ( b ) ( 1 ) ( A ) ( v i ) and r e c e i v e d from an y on e c o n t r i b u t o r , d u r in g t h e year , a c o n t r i b u t i o n o f t h e g r e a t e r o f ( 1 ) $5 , 0 0 0 o r ( 2 ) 2%o f t h e amount on ( I ) Form 9 9 0 , P a r t V I I I , l i n e 1h , o r ( i i ) Form 9 9 0 - E Z , l i n e 1 Complete P a r t s I and I I
El F o r a s e c t i o n 50 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 For m 9 9 0 o r 9 9 0 - EZ t h a t r e c e i v e d from any on e c o n t r i b u t o r , d u r in g t h e y e a r ,t o t a l 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 o r 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 it e r a r y , o r e d u c a t i o n a l purposes, o rt h e prevention o f c ru el t y t o c h i l d re 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 50 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 9 9 0 o r 9 9 0 - EZ t h a t r e c e i v e d from any on 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 o r us e e x c l u s i v e l y f o r r e l i g i o u s , c h a r i t a b l e , e t c . , purposes , bu t these c o n t r i b u t i o n s d i d n o t t o t a l t o more than $1,000I f t h i s box i s checked , e n t e r here 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 e d d u r i n g t h e y e a r f o r 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 i t a b l e , e t c . ,purpose Do n o t complete any o f t h e p ar ts u n l e s s t h e General Rule a p p l i e s t o t h i 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 i 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 ur in g t h e y e a r ^ $
Caution . A n 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 ia l Rules does n o t f i l e Schedule B (Form 9 9 0 , 990-EZ, o r 9 9 0 - P F ) ,b u t I t m u st answer "No" on 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 box on l i n e H o f I t s Form 990-EZ o r on P a r t I , l i n e 2 o f i t s Form 990-PF, t oc e r t i f y t h a t i t does n o t meet t h e 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 For Paperwork Reduction Act Notice , see th e Instructions f o r Form 9 9 0 , 9 9 0 - E Z , o r 9 9 0 - PF. S c h e d u l e B ( F o r m 9 9 0 , 99 0 - E Z , o r 990 - P F ) ( 2 0 1 1 )
123451 01-23-12
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
15/61
Schedule B (Form 9 90 , 9 9 0 - EZ , o r 990-PF) ( 2 0 1 1 ) FName o f o r g a n i z a t i o n Employer i d e n t i f i c a t i o n number
P a r t I Contributors ( s e e i n s t r u c t i o n s ) Us e d u p l i c a t e copies o f P a r t I i f a d d i t i o n a l space i s needed(a )No .
( b )Name , address, an d ZI P + 4
( c )T o t a l contributions
( d )T y p e o f contribution
1 W . N . REYNOLDS TRUST P e r s o n E k ]P . O . BOX 3 0 9 9 $ 9,095,927.
P a y r o l l QN o n c a s h El
WINSTON-SALEM, NC 27150(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 )No .
( b )Name , address , an d ZIP + 4
( c )T o t a l contributions
( d )T y p e o f contribution
2 Z . SMITH REYNOLDS TRUST P e r s o n E K IP.O. BOX 2257 $ 7,738,688.
P a y r o l l 0Noncash 0
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 )No .
( b )Name, address, an d ZIP + 4
(c )T o t a l contributions
( d )T y p e o f contribution
3 OPEN SOCIETY INSTITUTE P e r s o n I-XI4 0 0 WEST 59TH ST, 4TH FLOOR $ 1,500,000.
P a y r o l l 0N o n c a s h 0
NEW YORK, NY 10 019(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 )No .
( b )Name, address, and ZIP + 4
( c )T o t a l contributions
( d )T y p e o f contribution
Person 0$
P a y r o l l 0Noncash 0
(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 )No .
( b )Name , address , an d ZIP + 4
(c )T o t a l contributions
( d )T y p e o f contribution
Person
$P a y r o l l QNoncash Q(Complete P a r t I I i f t h e r e
i s a noncash contnbution)
( a )No .
( b )Name , address, an d ZIP + 4
( c )Total contributions
( d )T y p e o f contribution
Person 0$
P a y r o l l QNoncash Q
(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 )
1 2 3 4 5 2 0 1 - 2 3 - 1 2 S c h e d u l e B ( Form 99 0 . 9 9 0 - E Z . o r 9 90 - P F I ( 2 0 1 1 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
16/61
Schedule B (Form 9 9 0 , 9 9 0- E Z , o r 990-PF) ( 2 0 1 1 ) Page 3Name o f o r g a n i z a t i o n Employer i d e n t i f i c a t i o n number
Z. SMITH REYNOLDS FOUNDATION , INC. 58-6038145Part I I Noncash P r o p e r t y ( s e e i n s t r u c t i o n s ) Use d u p l i c a t e c o p i e s o f P a r t I I i f a d d i t i o n a l space i s needed
( a )No.
Part IDescription o f noncash property given
( c )FMV ( o r e stimate)(seeins)i n s t r u c t i o n s ) Date received
( a )No.fromPart I
e s c r i p t i o n o f noncash p r o p e r ty given( c )FMV ( o r estimate)
(see i n s t r u c t i o n s )( d )
Date r e c e i v e d
No .fromPart I
( b )Description o f noncash property given FMV ( o r ( e s t i m a t e )(see i n s t r u c t i o n s )
(d )Date received
(a )No .fromPart I
Description o f noncash property given
( c )FMV ( o r estimate)(see i n s t r u c t i o n s ) Date received
( a )No .fromPart I
( b )Description o f noncash pr o pe rt y gi v e n
( c )FMV ( o r estimate)(see i n s t r u c t i o n s )
( d )Date received
( a )No.from
Iart
( b )Description o f n o n cas h pr o pe rt y g iv e n
( c )FMV ( o r estimate)(see i n s t r u c t i o n s )
( d )Date received
1 2 3 4 5 3 0 1 - 2 3 - 1 2 Schedule B ( F o r m 9 9 0 , 9 9 0 - E Z, o r 9 9 0 - P F ) (2011)
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
17/61
Schedule B (Form 9 9 0 , 9 9 0 - E Z , o r 990-PF) ( 2 0 1 1 ) Page 4Name o f o r g a n i z a t i o n Employer i d e n t i f i c a t i o n number
Z. SMITH REYNOLDS FOUNDATION, INC. I 58-6038145P a r t 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 c o n t r i b u t i o n s t o s e c ti o n 5 0 1( c )( 7 ), ( 8 ) , o r ( 1 0 ) o r g a n i z a t i o n s t h a t t o t a l more t h a n $1,000 f o r t h ey e a r . C o m p l e t e columns ( a ) t h r o u g h ( e ) a n d t h e f o ll o wi n g l i n e e n t r y . F o r o r ga n i za t i on s c o m p l e t i n g P a r t I I I , e n t e r
t h e t o t a l 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 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 $1,000 o r l e s s f o r t h e y e a r . ( E a t e r t h i s i n f o r m a b o n o n c e ) $Us e d u p l i c a t e copies o f P a r t I I I i f a d d i t i o n a l s pace i s nee d e d
( a ) No .fromP a r t I ( b ) P u r p o s e 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 , an d ZI P + 4 Relationshi p o f t r a n s f e r o r t o transferee
(a ) No .fromPart I ( b ) P u r p o s e 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 , addre ss , and ZIP + 4 Relationshi p o f t r a n s f e r o r t o transferee
( a ) No .fromPart I ( b ) P u r p o s e 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 , addre ss , and ZI P + 4 Relationshi p o f transferor t o transferee
(a ) No .f romPart I
( b ) P u r p o s e 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 ) T ran s fe r of g i f t
T r a n s f e r e e ' s name , address , and ZI P + 4 Relationshi p of transferor to transferee
1 2 3 4 5 4 0 1 - 2 3 - 1 2 Schedule B ( F o r m 9 9 0 , 9 9 0 - E Z , o r 9 9 0 - P F ) (2011)
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
18/61
CONTINUATION FOR 990-PF, PART IVZ. SMITH REYNOLDS FOUNDATION , INC. 58-6038145 PAGE 1 OF 1[ P a rt . I V C a p 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 tm e n t I n c o m e
( a ) L i s t a n d d e s c r i b e t he k i nd ( 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 1 How a c q u i r e dP - P 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 . ) ( d ) D a t e s o l d( m o . , d a y , y r . )la70 779.598 SHS INTER-TERM INVEST-GR ADM P VARIOUS ARIOUSb162 , 856.566 SHS INTER-TERM INVEST-GR ADM P VARIOUS VARIOUSC252 , 396.485 SHS SHORT-TERM INVEST-GR ADM P ARIOUS ARIOUSd3 , 855.964 SHS INTL STOCK IX ADMIRAL P VARIOUS VARIOUSe9 , 514.803 SHS INTL STOCK IX ADMIRAL P VARIOUS VARIOUSf101 , 520-884 SHS BOND MKT INDEX ADM P VARIOUS VARIOUSg 258 , 174.017 SHS BOND MKT INDEX ADM P VARIOUS VARIOUSh16 , 715-608 SHS STOCK MKT IDX ADM P VARIOUS VARIOUS128 , 620.736 SHS STOCK MKT IDX ADM P VARIOUS VARIOUS
I CAPITAL GAINS DIVIDENDSk
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 th e r b as 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 )
a 712 744. 699 0 29. 13 , 715.b 1 , 621 , 956. 1 , 608 , 195. 13 , 761.c 2 , 715 , 903. 2 , 717 , 484.
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
19/61
Z. SMITH.REYNOLDS FOUNDATION, INC. 58-6038145
990-PF LEGAL FEES STATEMENT 1
(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES
PIERCE, MCLENDON, 0. 0. 0.& LEONARD 0. 0. 0.
DRAWER U 0. 0. 0.NC 27402 42,598. 0. 42,598.
FM 990-PF, PG 1, LN 16A 42,598. 0. 42,598.
990-PF ACCOUNTING FEES STATEMENT 2
(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES
& PULLEN, LLP 0. 0. 0.NORTH ELM STREET, ST
0. 0. 0.NC 27402-2470 31,513. 0. 31,513.
FORM 990-PF, PG 1, LN 16B 31,513. 0. 31,513.
990-PF TAXES STATEMENT 3
(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES
TAXES 60,136. 0. 60,136.EXCISE TAX 3,844. 0. 0.
FORM 990-PF, PG 1, LN 1 8 63,980. 0. 60,136.
STATEMENT (S) 1 , 2, 3
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
20/61
Z. SMITH, REYNOLDS FOUNDATION, INC. 58-6038145
990-PF OTHER EXPENSES STATEMENT 4
(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEP ER BOOKS MENT INCOME NET INCOME PURPOSES
CHARGES 236. 0. 236.ADVISORY PANEL 27,942. 0. 27,942.FEES AND EXPENSES 50,025. 0. 50,025.
9,663. 0. 9,663.54,652. 0. 54,652.
COSTS 111,947. 0. 111,947.FICE AND AUTO INSURANCE 22,139. 0 . 22,139.
EXPENSE 1,623. 0 . 1,623.- MACHINES &
2,953. 0. 2,953.19,849. 0. 19,849.6,048. 0. 6,048.
SUPPLIES 18,061. 0. 18,061.- AUTOS 11,681. 0. 11,681.29,918. 0. 29,918.
DIRECT CHARITABLE17,608. 0. 17,608.
SERVICES 11,377. 0. 11,377.PLANNING 43,209. 0. 43,209.
PLANNING 1,106. 0. 1,106.PROGRAM 149,413. 0. 149,413.
NCY SUSAN REYNOLDS AWARDS 861. 0 . 861.ECIAL PROJECTS 204,369. 0 . 204,369.
PROFESSIONAL13,945. 0. 13,945.
ANT EVALUATIONS 2,788. 0 . 2,788.INTERNSHIP 2,309. 0 . 2,309.FEES 19,703. 0 . 19,703.
FORM 990-PF, PG 1, LN 23 833,425. 0. 833,425.
990-PF OTHER DECREASES IN NET ASSETS OR FUND BALANCES STATEMENT 5
AMOUNT
MULATIVE EFFECT ON PRIOR YRS FOR CHANGE IN ACCOUNTING FORASSETS 88,507.TO FORM 990-PF, PART III, LINE 5 88,507.
STATEMENT(S) 4 ,
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
21/61
Z. SMITH, REYNOLDS FOUNDATION, INC. 58-6038145
990-PF OTHER FUNDS STATEMENT 6
(A) (B)BEGINNING OF END OF
YEAR YEAR
INCOME 14,869,884. 15,687,751.TO FORM 990-PF, PART II, LINE 29 14,869,884. 15,687,751.
990-PF CORPORATE STOCK STATEMENT 7
FAIR MARKETBOOK VALUE VALUE
STOCK FUNDS 9,054,415. 9,110,202.TO FORM 990-PF, PART II, LINE 10B 9,054,415. 9,110,202.
990-PF CORPORATE BONDS STATEMENT 8
FAIR MARKETBOOK VALUE VALUE
BOND FUND 5,972,505. 6,071,923.TO FORM 990-PF, PART II, LINE 10C 5,972,505. 6,071,923.
STATEMENT(S) 6, 7,
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
22/61
Z. SMITH, REYNOLDS FOUNDATION, INC. 58-6038145
990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 9TRUSTEES AND FOUNDATION MANAGERS
EMPLOYEETITLE AND COMPEN- BEN PLAN EXPENSE
AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNTJ. WINNER EXEC DIRECTOR, SECRETARY
LYNWOOD AVENUE 40.00 220,667. 43,654. 0.NC 27104
B WILLIAMSON ASSISTANT SECRETARYKENSINGTON PLACE 40.00 63,550. 25,731. 0.
NC 27103LOCKAMY ASSISTANT TREASURER3 MOORE RD 40.00 68,192. 26,882. 0.
POINT, NC 27265R BAGLEY % WA LIFE MAGAZINE BOARD OF TRUSTEESTRACY PLACE NW 1.00 6,250. 0. 0.
DC 20008NEAL BEVERIDGE BOARD OF TRUSTEESMOORLAND LANE 1.00 2,500. 0. 0.
MD 20814BROWN-GRAHAM BOARD OF TRUSTEES
0 BOX 7406-NCSU 1.00 6,250. 0. 0.NC 27695
CLODFELTER % MOORE & VAN BOARD OF TRUSTEES0 NORTH TRYON ST FLOOR 47 1.00 0. 0 . 0.
NC 28202DUBESTER BOARD OF TRUSTEES
BOX TURTLE TOAD 1.00 6,250. 0. 0.NC 27312
0 MCNAIRY % HARVEY BOARD OF TRUSTEES0 BOX 189 1.00 3,750. 0. 0.
NC 28502B MOUNTCASTLE BOARD OF TRUSTEES
OENOKE LANE 1.00 0. 0. 0.W CANAAN, CT 06840
STATEMENT(S) 9
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
23/61
Z. SMITH, REYNOLDS FOUNDATION, INC. 58-6038145B MOUNTCASTLE BOARD OF TRUSTEESKILDRUMMY COURT 1.00 0. 0. 0.
NC 27705NEAL PRESIDENT
3 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
NOAH REYNOLDS BOARD OF TRUSTEESBOX 25367 1.00 2,500. 0. 0.
NC 27114SMITH BOARD OF TRUSTEES
NORTH WESTMORELAND ST., #422 1.00 6,250. 0. 0.VA 22213
. LLOYD P TATE JR BOARD OF TRUSTEESST OFFICE DRAWER 1020 1.00 6,250. 0. 0.
PINES, NC 28387
INCLUDED ON 990-PF, PAGE 6, PART VIII 411,159. 96,267. 0.
STATEMENT(S)
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
24/61
Z. SMITH, REYNOLDS FOUNDATION, INC. 58-6038145
990-PF ELECTION UNDER REGULATIONS SECTION STATEMENT 1053.4942(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 $16,903,934 OF GRANTS MADE IN 2011 AS A DISTRIBUTION FROMCORPUS.
STATEMENT(S) 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
25/61
Z. SMITH, REYNOLDS FOUNDATION, INC. 58-6038145
990-PF GRANT APPLICATION SUBMISSION INFORMATION STATEMENT 11PART XV, LINES 2A THROUGH 2D
AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED
FOUNDATION WEBSITE: WWW.ZSR.ORG
NUMBER36-725-7541
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 AWARDSCAN BE FOUND AT THE FOUNDATION'S WEBSITE WWW.ZSR.ORG.
STATEMENT(S) 11
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
26/61
58-6038145 Z . SMITH REYNOLDS FOUNDATION990-PF YEAR ENDEDDECEMBER 3 1 , 2011
PART IX-A - SUMMARYOF DIRECT CHARITABLE ACTIVITIES:( 1 ) $860.97 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 n 1986 t h e
Foundation e s t a b l i s h e d awards t o be g i v e n 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 w ho haveshown 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 a d i t i o n a l a p p r o a c h e s . The awardss e e k o u t and honor unrecognized i n d i v i d u a l s w ho have worked t o m a k e a p o s i t i v e d i f f e r e nc e i n NorthC a r o l i n a , a nd a wa rd s were 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 350 p e o p l e . Eachr e c i p i e n t r e c e i v e d a n award o f $5,000 f o r p e r s o n a l u s e and each w a s a b l e t o d e s i g n a t e c h a r i t a b le r e c i p i en t st o r e c e i v e an a d d i t i o n a l $ 2 0 , 0 0 0 . This program wa s t e r m i n a t e d i n 2 0 1 0 .
( 2 ) $149,412.63 f o r t h e SABBATICALPROGRAM - 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 I R S , 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 w ho haves 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 h et o p r o v i d e a n 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 oimprove and enhance t h e i r l e a d e r s h i p c a p a c 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 awarded $ 2 5 , 0 0 0 . Somew i l l n o t t ak 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 2 .
( 3 ) $ 2 , 3 0 8 . 7 3 f o r t h e NONPROFIT INTERNSHIPPROGRAM - I n 2010, t h e Foundation e s t a b l i s h e d a ni n t e r n s h i p program t o be implemented i n 2 0 1 1 . Through t h i s program, 20 low income c o l l e g e s t u d e n t s a r ematched w i t h 20 c u r r e n t o r former Z . Smith Reynolds Foundation, I n c . g r a n t e e s f o r a f u l l - t i m e s u m m e ri n t e r n s h i p l a s t i n g a t l e a s t 8 weeks. These c o s t s r e p r e s e n t expenses a s s o c i a t e d w i t h a d m i n i s t e r i n g t h eprogram.
( 4 ) $204,368.90 f o r SPECIAL PROJECTS, OPPORTUNITIES, CONFERENCES AND MEETINGS:( A ) $1,166.78 f o r meetings a nd 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 economi
e x c l u s i o n , v i o l e n c e a t ho 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 p development.( B ) $2,491.05 f o r f u n d s 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 g
p 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 . North C a r o l i n a h a s as 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 y prepared t o t u r n a r o u n d lowperforming s c h o o l s an d t o l e a d h i g h needs and low wealth s c h o o l s .
( C ) $48,839.70 f o r t h e Women's Eco nomi c Equity P r o j e c t t o develop c a r e e r pathways f o r low-incomer u r a l women t o improve t h e i r economic w e l l - b e i n g . Budgeted f u n d s provided ongoing t e c h n i c a la s s i s t a n c e and c o n s u l t a n t s u p p o r t t o f o u r s i t e s : H a n d m a d e i n America f o r B u n c o m b e and o t h e rw e s t e r n c o u n t i e s ; R o anok e Eco nomi c Development, I n c f o r Northampton, B e r t i e , G a t e s , H a l i f a xand Herford c o u n t i e s ; Center f o r C o m m u ni ty Action f o r t h e Ro b e so n County a r e a and F r a n k l i n -Vance-Warren O p p o r t u n i t y , I n c . f o r t h o s e c o u n t i e s .
( D ) $8,500 f o r c o n t r a c t i n g with a c o n s u l t an t t o develop s t r a t e g i c and b u s i n e s s p l a ns f o r a n e w e n t i t y t haw i l l develop and d e l i v e r communications and messaging t o t h e p o l i t i c a l c e n t e r i n North C a r o l i n a .
STATEMENTPAGE 1 OF
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
27/61
58-6038145 Z . SMITH REYNOLDS FOUNDATION990-PF YEARENDEDDECEMBER 3 1 , 2011
( E ) $28,084.01 f o r a convening r e g a r d i n g g o od g o ve r nm e nt reforms i n NC. P a r t i c i p a n t s i n c l u d e dn 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 i n 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 f a nd o t h e r s .( F ) $269 f o r miscellaneous expenses a s s o c i a t e d w i t h t h e s t r a t e g i c r e p o r t t h a t t h e NCNG e d u c a t i o n
f u n d e r s produced i n 2 0 0 8 . The e d u c a t i o n f u n d e r s have begun working more c o l l a b o r a t i v e l y , t oe x p l o r e p o o l i n g r e s o u r c e s on l a r g e p r o j e c t s , t o b e t t e r c o mmu n i c ate w i t h S t a t e e d u c a t i o n l e a d e r s , ant o l e a r n from each o t h e r ' s grantmaking.
( G ) $29,028.48 f o r s u p p o r t o f convenings o f l e a d i n g t h i nk e r s a nd p r a c t i t i o n e r s i n North C a r o l i n a ,t o g e t h e r w i t h e x p e r t s from o t h e r s t a t e s t o e d u c a t e p o l i c y makers a nd a d v o c a t e s .
( H ) $55,699.46 f o r c o n s u l t i n g s e r v i c e s a nd r e g i o n a l meetings t o m o v e from r a c i a l r e p r e s e n t a t i o n t o t r u ei n c l u s i o n i n n o n - p r o f i t d e c i s i o n ma k i n g and i n c r e a s i n g g r a n t e e s ' c a p a c i t y t o a d d r e s s r a c i a l e q u i t y i nt h e i r r a c e s p e c i f i c a nd r a c e n eu t r a l a c t i v i t i e s .
( I ) $30,290.42 f o r c e l e b r a t i o n o f t h e 7 5 ` h y e a r o f t h e Z . Smith Reynolds Foundation, and honor t h o s ew ho have done t h e work o f t h e Foundation a c r o s s t h e s t a t e . T h i s a l s o i n c l u d e s expenses t o p r e p a r er e s e a r c h f o r w r i t i n g and p u b l i c a t i o n o f a book t h a t w i l l commensurate t h e l a s t 25 y e a r s o f t h eh i s t o r y o f t h e Foundation.
STATEMENTPAGE 2 OF
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
28/61
990-PF 58-6038145Z . SMITH REYNOLDS FOUNDATION, INC.
GRANTS PAID - 2011
Abundance Foundation 5 0 9 ( a ) ( 1 ) For Pennies on t h e Pound P r o j e c t . $30,000220 Lorax Lane Box 5P i t t s b o r o , NC 27312Abundance Foundation 5 0 9 ( a ) ( 1 ) For Pennies on t h e Pound P r o j e c t . $10,000220 Lorax Lane Box 5P i t t s b o r o , NC 27312Action f o r Children North Carolina 5 0 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 . $85,0003109 Poplarwood C o u r t , S u i t e 300R a l e i g h , NC 27604Action I n s t i t u t e NC 5 0 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 . $135,0005500 Executive Center D r . , S u i t e 234C h a r l o t t e , NC 28212Adolescent Pregnancy Prevention 5 0 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 . $75,000Campaign of NC3708 Mayfair S t . , S u i t e 310Durham, NC 27707Affordable Housing Group of NC, 5 0 9 ( a ) ( 1 ) For t h e Loss M i t i g a t i o n & F o r e c l o s u r e $50,000I n c . P r e v e n t i o n Training P r o j e c t .4600 Park Road, S u i t e 390C h a r l o t t e , NC 28209Alexander International Center 5 0 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 . $7,000P . O . Bo x 552T a y l o r s v i l l e , NC 28681A l l i a n c e of North Carolina Black 5 0 9 ( a ) ( 2 ) 2011 Nonprofit I n t e r n s h i p Program. $1,600Elected O f f i c i a l sP . O . Bo x 2661513 2 E . Morgan S t r e e tR a l e i g h , NC 27611A l l i a n c e of North Carolina Black 5 0 9 ( a ) ( 2 ) 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 . $15,000Elected O f f i c i a l sP . O . Box 2661513 2 E . Morgan S t r e e tR a l e i g h , NC 27611American C i v i l L i b e r t i e s Union-NC 5 0 9 ( a ) ( 1 ) For t h e R a c i a l J u s t i c e P r o j e c t . $70,000Legal FoundationP . O . Bo x 28004R a l e i g h , NC 27611-8004American Rivers 5 0 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 . $10,0001 1 0 1 1 4 t h S t r e e t NW, S u i t e 1400Washington, DC 20005American Rivers 5 0 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 . $65,0001101 1 4 t h S t r e e t NW, S u i t e 1400Washington, DC 20005
StatementPage lof 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
29/61
AMEZ Housing CommunityDevelopment CorporationP . O . Box 15363Wilmington, NC 28408Andrews Valley I n i t i a t i v e , I n c .P . O . Box 86 8Andrews, NC 28901Appalachian S t a t e University28 7 R i v e r s S t r e e t , s u i t e 23 2Boone, NC 28608
Appalachian Voices17 1 Grand BoulevardBoone, NC 28607A s h e v i l l e City Schools FoundationP . O . Box 3196A s h e v i l l e , NC 28802A s h e v i l l e Design Center, I n c .8 College S t r e e tA s h e v i l l e , NC 28801Beloved Community Center ofGreensboro, I n c .P o s t O f f i c e Box 87 5Greensboro, NC 27402Black Heritage S o c i e t y , I n c .PO Bo x 848K i n s t o n , NC 28502Blue Ridge ConservancyP . O . Box 568Boone, NC 28607Blue Ridge ConservancyP . O . Box 568Boone, NC 28607Blue Ridge Environmental DefenseLeaguePO Box 88Glendale S p r i n g s , NC 28629Blueprint NC2912 Highwoods B l v d .R a l e i g h , NC 27604Brunswick Housing OpportunitiesP o s t O f f i c e Bo x 35 13972-H Old Ocean HwyB o l i v i a , NC 28422Builders of Hope, Inc310 N . Harrington S t r e e tR a l e i g h , NC 27603Building Bridges of A s h e v i l l e , I n c .P . O . Box 63A s h e v i l l e , NC 28802
5 0 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 . $35,000
5 0 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 . $30,000
5 0 9 ( a ) ( 1 ) Appalachian S t a t e U n i v e r s i t y Energy $25,000Center - For t h e L a n d f i l l Gas f o rCommunity Development/ConstructionPhase P r o j e c t .
5 0 9 ( a ) ( 2 ) For g e n e r a l o p e r a t i n g s u p p o r t . $35,000
5 0 9 ( a ) ( 1 ) For t h e I n s p i r e d t o I n n o v a t e : Resources , $25,000R e t e n t i o n , R e s u l t s P r o j e c t .
5 0 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 . $20,000
5 0 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 . $35,000
5 0 9 ( a ) ( 1 ) 2011 Nonprofit I n t e r n s h i p Program . $1,600
5 0 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 . $60,000
5 0 9 ( a ) ( 1 ) 2011 Nonprofit I n t e r n s h i p Program . $1,600
5 0 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 . $55,000
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 . $425,000
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 . $35,000
5 0 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 . $40,000
5 0 9 ( a ) ( 2 ) For g e n e r a l o p e r a t i n g s u p p o r t . $35,000
StatementPage 2 o f 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
30/61
Campaign f o r Migrant Worker 5 0 9 ( a ) ( 1 ) For Extending t h e NCGA Agreement t o $30,000J u s t i c e New Workers P r o j e c t .1221 Broadway S t .Toledo, OH 43609Cape Fear Housing Land Trust , I n c . 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 rt . $45,00020 North 4 t h S t r e e tS u i t e 218Wilmington, NC 28401Cape Fear River Watch , I n c . 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 . $15,000617 S u r r e y S t ,Wilmington, NC 28401Carolina Farm Stewardship 5 0 9 ( a ) ( 1 ) For t h e S u s t a i n a b l e F o o d NC P r o j e c t . $115,000AssociationP . O. Bo x 44 8P i t t s b o r o , NC 27312Carolina J u s t i c e P o l i c y Center 5 0 9 ( a ) ( 1 ) For g e n e r a l o p e ra t i n g s u pp o rt . $60,000P . O . Bo x 309Durham , NC 27705Catawba County Hispanic Ministry 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 . $30,000737 1 2 t h S t SWH i c k o r y , NC 28602Catholic S o c i a l Services of t h e 5 0 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 . $30,000Roman Catholic Diocese o f Charlotte1123 S . Church S t .C h a r l o t t e , NC 28203-4003Center f o r Community Action , I n c . 50 9 ( a ) ( 1 ) For t h e Women's Economic Equity $10,000P . O . Bo x 72 3 P r o j e c t .Lumberton, NC 28 359Center f o r Community Action , I n c . 5 0 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 . $50,000P . O . Bo x 72 3Lumberton , NC 28 359Center f o r Death Penalty L i t i g a t i o n , 5 0 9 ( a ) ( 1 ) For t h e P u b l i c Education and I n f o r m a t i o n $85,000I n c . ^ P r o j e c t .201 W Main S t r e e t , S u i t e 301Durham , NC 27701Center f o r Participatory Change, 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 rt . $60,000I n c .34 Wall S t r e e t , S u i t e 60 1A s h e v i l l e , NC 2 880 1Center f o r Responsible Lending 509 ( a ) ( 3 ) 2011 Nonprofit I n t e r n s h i p Program . $1,600302 West Main S t r e e tDurham , NC 27701Center f o r Responsible Lending 509 ( a ) ( 3 ) For t h e Adv ocacy and Outreach on $115,000302 West Main S t r e e t P r e d a t o r y Lending Reforms i n NorthDurham , NC 27701 C a r o l i n a P r o j e c t .Central Park NC 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 . $75,000PO Bo x 159S t a r , NC 27356
StatementPage 3 o f 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
31/61
Centro de Enlace, I n c . 5 0 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 . $25,000P . O . Box 236B u r n s v i l l e , NC 28714Chatham Community Development 5 0 9 ( a ) ( 1 ) Connect M i n o r i t i e s t o t h e Green $25,000Corporation E c o n omy i n a R u r a l County.P . O . Box 1726P i t t s b o r o , NC 27312Child Care Services Association 5 0 9 ( a ) ( 1 ) To t h e North C a r o l i n a Statewide C h i l d $35,000P . O . Box 901 Care Workforce Study P r o j e c t .Chapel H i l l , NC 27514Children F i r s t o f Buncombe County 5 0 9 ( a ) ( 1 ) For t h e Focused I n i t i a t i v e on C h i l d $30,000A dv o c a cy f o r Children of A l l Ages Poverty P r o j e c t .50 S . French Broad A v e . , S u i t e 246A s h e v i l l e , NC 28801Clean A ir Carolina 5 0 9 ( a ) ( 1 ) For t h e Medical Advocates f o r Healthy $25,000PO Box 5311 A i r P r o j e c t .C h a r l o t t e , NC 28299Clean Energy Durham 5 0 9 ( a ) ( 1 ) For t h e Neighborhood Energy Outreach $45,000P . O . Box 2 2 23 E v a l u a t i o n P r o j e c t .Durham, NC 27702Clean W a t e r f o r NC 5 0 9 ( a ) ( 2 ) For g e n e r a l o p e r a t i n g s u p p o r t . $25,00029 1 / 2 Page Ave.A s h e v i l l e , NC 28801Coalicion de Organiz a ci ones 5 0 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 . $35,000Latino - American as34 Wall S t r e e t , S u i t e 402A s h e v i l l e , NC 28801Coalicion Latinoamericano 5 0 9 ( a ) ( 2 ) 2011 Nonprofit I n t e r n s h i p Program. $1,6004938 C e n t r a l Ave. S u i t e 1 0 1C h a r l o t t e , NC 28205Coastal Horizons Center , I n c . 5 09 ( a ) ( 1 ) For P r o j e c t S.A.R.T. $25,850615 Shipyard B l v d .Wilmington, NC 28412Common C a u s e Ed ucation F u n d 5 0 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 . $100,0001 9 W. H a r g e t t S t . S u i t e 70 1R a l e i g h , NC 27601Communities i n Schools o f NC 5 0 9 ( a ) ( 1 ) To CIS Cohort Capacity B u i l d i n g . $60,0002 2 2 N . Person S t .R a l e i g h , NC 27601Communities i n Schools of NC 5 0 9 ( a ) ( 1 ) To CIS Cohort Capacity B u i l d i n g . $20,0002 22 N . Person S t .R a l e i g h , NC 27601Community Building I n i t i a t i v e 5 0 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 . $25,000220 North Tryon S t r e e tC h a r l o t t e , NC 28202Community Empowerment Project 5 0 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 . $30,000CDCP . O . Box 1623F o r e s t C i t y , NC 28043
StatementP age 4 o f 1
7/29/2019 Z Smith Reynolds 586038145_201112_990PF
32/61
Conservation Fund 5 0 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 . $240,000P . O Box 271Chapel H i l l , NC 2751 4Cooleemee H i s t o r i c a l Assoc . 5 0 9 ( a ) ( 2 ) For g e n e r a l o p e r a t i n g s u p p o r t . $20,000P . O . Box 667Cooleemee, NC 27 01 4
Top Related