Form 990-P F Return of Private Foundation

Transcription

1 .. mmccn Form 99-P F Return of Privte Foundtion OMB No Deprtment dcrotresury I or Section 4947()(1) Nonexempt Chritble Trust Treted s Privte Foundtion iinternl Rmue SeMCe Note. The orgniztion my be stile to use copy W this return to stisfy stte reporting reqrements 22 For clendr er 22 or tx er be Innln, 22, nd ending G Check ll tht e Initil return Finl return Amended return Address chnge Nme chnge I Nme of orgniztion A Employer Identifiction number Use the IRS lbel THE MARY DUKE BIDDLE FOUNDATION Otherise, Number nd street (or P O box number if mil Is not delivered to street ddress) Room/suite B Telephone number (see pp 1 of print the Instructions) or type See Specific 14< WEST FOREST HILLS BOULEVARD Instructions City or ton, stte, nd ZIP code C pe~dh Nick h n~n b Check type of orgniztion U Section 51 Fir mrket vlue of ll sses t end of yer (from Prt Il, cot (c), line 16) ~Anlysis of Revenue nd Expenses (the totl W mounts m columns (b), (c) end (co my not necessrily equl the mounts in column () (see pge 1 of the instructions) I exempt privte foundtion Other txble privte foundtion D 7 Fonpn«pntrimnu,cnskhen 7 Foreign oqnltbtu mtyip Me esrosccn.ckn.kn.n.n.m.mm comvutmn D E,rnrN.nfoundtion buse.,.terminted ng method X Csh u Accrul under section 5o,(e)(,xA, mke." "~ Other (specify) _ F If the foundtion b h. s.muim bemntbn fmn (d) must be on csh bsis) under.kmn?coxlxex ch. mn,, (d) Dls6ursementn ( ) 1 Revenue nd (b) Net Investment (c) Adjusted net for chritble expenses per income Income purposes books N 3 Q 7 Comneuuom_. 1hl, crni, Mc nc.m Umcn rtnmns). ~ ~ If the foundtion is not required to Check jl~ LJ ttch SGh B Z Distributions from split-interest trusts,, Interest on syings nd temporry csh nyestments, 6 Dividends nd Interest from securities 6 Gross rents,,,,, b (Net rentl income or (ide) 1 ~y 6 Net gin or (logs) from sle of ssets not on line 7 b Gross sles price for ll ssets on line 6 9,22,87 7 Cpitl pin net Income (from Pn IV, line 2) 8 Net short-term cpitl gin 9 Income modifictions 1 Gross sles less returns nd llonces b Less Cost N goods sold e Gross profit or (toss) (ttch schedule),, 11 Other income (ttch schedule),,,,,., STtdT 1 STMT"2 d Compenstion of officers, directors trustees etc Other employee slries nd ges c 76 Pension plns, employee benefits, d 16 Legl lees (ttch schedule) b Accounting fees (ttch schedule)sttdt 3. d c Other professionl lees (ttch sc " q A.~. 17 n Interest,, De fl9ccupncy.... ~hedul nd depletion c 2 Ifr~~vel, co ~ er~eync'e.m ~ ~d ~ p Z N~flt~- ne pueil~mbiis 2 burr^ ennes ( COU ) $TM'l. 6 u 2 To r n4,njjqtmmlsv five expenses VY~ O Contributions, gifts, grnts pid,,,.,,, 26 Tel ex pense, nd di.bumements. Add lines 24 nd Subtrct line 26 from line 72 Ern of mmue over experun nd EI.EVnem.mft b Net Investment income (if negtive, enter b) 167, , 48 13, , , 28 1, 63 1, , , 69 1, 17, , 42, 318. ; xei4io 1 For Pperork Reduction Act Notice, see the instructions P Form 99-PF (22) 4

2 Attched ktiedules nd mounts In the Blnce Sheets description column should,bebr_.-., End of 7 Csh -non-intercsbbedng,,,,,,, 2 Svings nd temporry csh investments, ' 3 Accounts receivble Less llonce for doubtful ccounts 4 Pledges receivble Les llonce for doubtful ccounts 5 Grnts receivble,,,,,,,,,,,,,,,,,,, 6 Receivbles due from officers, directors, trustees, nd other dlsqullhed persons (ttch schedule) (see pge 15 of the Instructions) 7 Other notes nd lons receivble (ttch schedule) lll~ Less llonce (or doubtful ccounts 8 Inventories fr sle or use,,,,,, 9 Prepid expenses nd deferred chrges 1 Investments - U S nd stle povemment obligtions (ttcb4muli), b Investments - corporte stock (ttch schedule), $T= s c Investments - corporte bonds (ttch schedule) $Z2QT 11 Investments-lnd buildings,, nd equipment bsis Less ccumulted deprecition (ttch schedule) Investments - mortgge lons,, 13 Investments - other (ttch schedule),,,,,,,,,, 14 Lend, buildings, nd, equipment bsis Lens ccumulted deprection 1 (ttch schedule) Other ssets (describe 1 -ST2dT_1) 16 Totl ssets (to be completed by ll filers-see gpe 16 of 17 Accounts pyble nd ccrued expenses,,,,,,,,,,, 1 Grnts pyble,,,,,,,,, 19 Deferred revenue,,,,,,, 2 Lons from officers, directors trustees, nd other disqulified persons 21 Mortgges nd other notes pyble (ttch schedule),,,,, 22 Other libilities (describe " ) zs P oti uomnes (dd ones i i mrou n et Orgniztions tht follo SFAS 177, cheek here " X nd complete lines 24 through 26 nd lines 3 nd Unrestricted,,,,,, 26 Temporrily restricted 26 Permnently restricted Orgniztions tht do not follo SFAS 117, check here nd complete lines 27 through Cpitl stock, trust principl, or current funds Pid In or cpitl surplus, or lnd bldg nd equipment fund,,, 29 Retined ernings, ccumulted income, endoment or other funds 3 Totl net ssets or fund blnces (see pge 16 of the Instructions),, 31 Totl libilities nd net ssets/fund blnces (see pge 16 l the Instructions) Anlysis of Chnges in Net Assets or Fund Blnces t 1 Totl net ssets or fund blnces t beginning of yer - Prt II, column (), line 3 (must gree ith end-of-yer figure reported on prior yer's velum),,,, Enter mount from Prt I, line 27,,,,,,,,,,,, 2-2, 99, 4 7 Other increses not included in line 2 (itemize) " 4 Add lines 1, 2, nd 3,,,,,,,,,,,,,,,,,,,,,,,,,,,, S Decreses not included inline 2(dem e) " ~ 5 8 Totl net ssets or fund blnces t end of yer (line 4 minus line 5) - Prt II, column (b), line , 422,462. Form 99-P F (sooz) JSA xeuxo + o 5

3 d SEE PART IV SCHEDULE b e d e () List nd describe the kindle) of property sold (e p,rel estte, 2-story brick rehouse, or common stock, 2 shs MLC Co ) (e) Gross sles price (1) Deprecition lloed (g) Cost or other bsis (or lloble) plus expense of sle cquired (mo. dy, Yr ) I (h) Gin or (loss) (e) plus (f) minus (p) d) Dte sold Jmo, dy, Yr C (q F M V s of 12/31/69 I U) Adjusted bsis s of 12/31/69 (k) Excess of cot (I) over cot U). If ny (I) Gins (Col (h) gin minus cot (k), but not less thn --) or Losses (from cot (h)) If gm, lso enter in Prt I, line; Z Cpitl gin net income or (net cpitl loss) " { If (loss), enter-- in Prt I, line 7 } 2 J Net short-term cpitl gin or (loss) s defined in sections 1222(5) nd (6) l If gin, lso enter in Prt I, line 8, column (c) (see pges 72 nd 17 of the instruclons) l( 11 IIn~c1 nn~nr _A_ ~n Ded 1 Irnn R 7 1 (Fr optionl use by domestic privte foundtions subject to the section 494() tx on net investment income ) If section 494(d)(2) pplies, leve this prt blnk Ws the orgniztion lible for the section 4942 tx on the distributble mount of ny yer in the bse penod7,,, Yes X No If "Yes," the orgniztion does not qulity under section 494(e) Do not comp lete thi s pr 1 Enter the pproprite mount in ech column for ech yer, see pge 77 of the instructions before mlting ny entries Bse period yers Clendr veer (h) (c) Distribution (d) rtio In, tnr vr beninnlnn IN Adjusted puelimno 4tNnbunons Net vlue of nonchntblo-use ssets rcni iron niunon nv rni 1,11 2 I 1, I I I 1.343,784 I 27, I Totl of line 1, column (d) Averge distribution rtio for the 5-yer bse period - divide the totl on line 2 by 5, or by the number of yers the foundtion hs been in existence d less thn 5 yers 4 Enter the net vlue of nonchntble-use ssets for 22 from Prt X, line 5,,, 1 4 S Multiply line 4 by line 3,.,,,,, 8 Enter 1 h of net investment income (1.6 of Prt I, line 27b) 7 Add lines 5 nd Enter qulifying distributions from Prt XII, line 4.. ~ ~ I e I 1,42,318. If line B Is equl to or greeter thn line 7 check the box In Port VI line 1b, end templte tht prt using e 1 % lx rte See the Prt VI InsUuciloro m pp 17 JSA Form99-PF (22) 7E

4 Excise Tx Bsed on Investment Income (Section 494(), 494(b), 494(e), or see pg 1 Exempt operting foundtions described in section 494(d)(2), check here 1 nd enter "N/A" on line 1 Dte of ruling letter _ - _ -- (ttch copy of ruling letter if necessry -see instructions).. b Domestic or niztions tht meet the section 494(e) requirements in Prt V, check here " X nd enter 1 % of Prt I line 27b c All other domestic orgniztions enter 2.6 l line 276 Exempt foreign orgniztions enter 4 b of Prt I, line 12, cot (b) 2 Tx under section 511 (domestic section 4947()(1) trusts nd txble foundtions only Others enter --) 3 Add lines 1 nd 2 4 Subtitle A (income) tx (domestic section 4947()(1) trusts nd txble foundtions only Others enter -G-) 5 Tx bsed on investment income Subtrct line 41rom line 3 If zero or less, enter--,, 6 Credits/Pyments 22 estimted lx pyments nd 21 overpyment credited to , 8 b Exempt foreign orgniztions - tx ithheld t source 6b NONE c Tx pid ith ppliction for extension o1 time to file (Form 8868) 6c NONE d Bckup ithholding erroneously ithheld I 6 d 7 Totl credits nd pyments Add lines 6 through 6d 8 Enter ny penlty for underpyment of estimted tx Check here Flif Form 222 is ttched 9 Tx due II the totl of lines 5 nd B is more thn line 7, enter mount oed 1 Overpyment If line 7 is more thn the totl of lines 5 nd 8, enter the mount overpid, 17 of 7 During the tx yer, did the orgniztion ttempt to influence ny ntionl, stte, or locl legisltion or did Yes No if prticipte or intervene in ny politicl cmpign? 1 X b Did it spend more thn $1 during the yer (either directly or indirectly) for politicl purposes (see pge 18 of the instructions for definition)? 1 b X 11 the nser is 'Yes' to l or 16, ttch detiled descnphon of the ctivities nd copes of ny mterils published of distributed 6y the orgniztion m connection ith the ctivities c Did the orgniztion file Form 112-POl for this yer! 1 c X d Enter the mount (if ny) of tx on politicl expenditures (section 4955) imposed during the yer (1) On the orgniztion ji~ $ (2) On orgniztion mngers P, $ Enter the reimbursement (If ny) pid by the orgniztion during the yer for politicl expenditure tx imposed on orgniztion mngers 1 E 2 Hs the orgniztion engged in ny ctivities tht hve not previously been reported to the IRS 2 X II "Yes,' ttch detiled description of the ctivities 3 Hs the orgniztion mde ny chnges, not previously reported to the IRS, in its governing instrument, rticles of incorportion or byls, or other similr instruments 11 'Yes ' ttch conformed copy o1 the chnges 3 X 4 Did the orgniztion hve unrelted business gross income of E1, or more during the yer? 4 X b I( "Yes ;" hs it filed tx return on Form 99-T for this yeh 46 N A 5 Ws there liquidtion, termintion dissolution, or substntil contrction during the yer? 5 X If "Yes,' ttch the sttement requited by Generl Instruction T 6 Are the requirements of section 58(e) (relting to sections 4941 through 4945) stisfied either By lnguge in the governing instrument or " By stte legisltion tht effectively mends the governing instrument so tht no mndtory directions tht conflict ith the stte l remin in the governing instrument?,, 6 X 7 Did the orgniztion hve t lest E5, in ssets t ny time during the yer? I/ 'Yes "complete Prt Ii, cot (c) nd Prt XV 7 X 8 Enter the sttes to hich the foundtion reports or ith hich it is registered (see gpe 19 of the instructions) l. NORTH CAROLINA,-NEW YORK b If the nser is "Yes" to line 7, hs the orgniztion furnished copy of Form 99-PF to the Attorney Generl (or designte) of ech stte s required by Generl Instruction G7 If 'No' ttch explntion, Bb X 9 Is the orgniztion climing sttus s privte operting foundtion ithin the mening of section 4942(3) or 4942(5) for clendr yer 22 or the txble yer beginning in 22 (see instructions for Prt XIV on gpe 25)7 11'Yes,' complete Prt XIV 9 X 1 Did ny persons become substntil contributors during the tx yer'? IF 'Yes "ttch schedule listing then nmes nd ddresses 1 2X I Did the orgniztion comply ith the public inspection requirements for its nnul returns nd exemption ppliction? it X Web site ddress " NfA 12 The books re in cre of "_THE_MARY _DUKE _HIDDLE_FOLINDATIO_ Telephone no X919= Locted l ~ 149_ W _ FOREST HILLS BLVD DURHP.M_,- NCZIP+4 l Section 4947()(1) nonexempt chritble trusts tiling Forth 99-PF in lieu of Form 141 -Check here,,, nd enter the mount of tx-exempt interest received or ccrued dunnc the yer " ~ " 13 isik 1E1/1 7 Forth 99-PF (22) 7

5 99-PF 472 Mv Be File Form 472 if ny Item Is checked In the "Yes" column, unless n exception pplies 7 During the yer did the orgniztion (either directly or Indirectly) (1) Engge In the sle or exchnge, or lesing l property ith disqulified person?.... E]Ye No Y (2) Borro money from, lend money to, or otherise extend credit to (or ccept it from) e disqulified person? Yes X No (3) Furnish goods, services, or lcllrles to (or ccept them from) disqulified person? Y No (4) Py compenstion to, or py or reimburse the expenses of, disqulified person?. Yes X No (5) Trnsfer ny income or ssets to disqulified person (or mke ny of either vilble for the benefit or use of disqulified person)'!.....,, Dyes ~X No (6) Agree to py money or property to government officil? (Exception Check "No" Yes No If the orgniztion greed to mke grnt to or to employ the officil for period lter termintion of government service, if terminting ithin 9 dys ). 1:1 Yes OX No b II ny nser is "Yes' l 1(7)-(6), did ny of the cts til to qulify under the exceptions descnbed In Regultions section (d)-3 or In current notice regrding disster ssistnce (see pge 19 of the instructions)?...~ lb X c Orgniztions relying on current notice regrding disster ssistnce check here.. Did the orgniztion engge In prior yer in ny of the cts described in 1, other thn excepted sets, tht ere not corrected before the first dy of the tx yer beginning in 227 Txes on filure to distribute income (section 4942) (does not pply for yers the orgniztion s privte operting foundtion defined In section 4942Q)(3) or 4942(5)) At the end of tx yer 22, did the orgniztion hve ny undistributed income (linen 6d nd 6e, Prt XIII) tr lx yer(s) beginning before 227. Yes ~X No It 'Yes," list theyers " ' ' b Are there ny yers listed In 2 for hich the orgniztion is not pplying the provisions of section 4942()(2) (relting to incorrect vlution of ssets) to the yer's undistributed income? (II pplying section 4942()(2) to ll yers listed, nser "NO" nd ttch sttement - see gpe 19 l the Instructions ).. 2 b N c If the provisions of section 4942()(2) re being pplied to ny of the yers listed In 2, list the yeh here 1.., 3 Did the orgniztion hold more thn 2.6 direct or indirect interest in ny business enterprise t ny time during the yer?,,,,, 1:1 Yes ~X No b II "Yes," did It hve excess business holdings In 22 s result of (1) ny purchse by the orgniztion or disqulified persons fter My 26, 1969, (4) the lpse of the 5-yer period (or longer penl pproved by the Commissioner under section 4943(c)(7)) to dispose of holdings cquired by gift or bequest, or (1) the lpse of the 1-, 15-, or 2-yer first phse holding period? (Use Schedule C, Form 472, to determine if the orgniztion hd excess business holdings in 22 ) 3b N 4 Did the orgniztion invest during the yer ny mount in mnner tht ould Jeoprdize Its chritble purposes s X b Did the orgniztion mke ny investment In prior yer (but lter December 31, 1969) tht could jeoprdize its chritble purpose tht hd not been removed from jeoprdy before the first dy of e tx yer beginning In 227 db X 6 During the yer did the orgniztion py or incur ny mount to (7) Crry on propgnd, or otherise ttempt to influence legisltion (section 4945(e))? ~ Yes No (Z) Influence the outcome of ny specific public election (see section 4955), or to crry on, directly or indirectly, ny voter registrtion drive?,,,,, e Yes BX No (3) Provide grnt to n individul for trvel, study, or other similr purposes?,, Yes X No (4) Provide grnt to n orgniztion other thn chritble, etc, orgniztion described in section 59()(1), (2), or (3), or section 494(d)(2)7 Yes ~ No (5) Provide for ny purpose other thn religious, chritble, scientific, literry, or eductionl purposes, or for the prevention of cruelty to children or nimls'! ~ Yes ~X No b If ny nser is "Yes" to 5(1)-(5), did ny of the trnsctions fil to qulity under the exceptions described In Regultions section or in current notice regrding disster ssistnce (se gpe 2 of the instructions)? " " " 5b N Orgniztions relying on current notice regrding disster ssistnce check here..... ~ ED ", c II the nser is -Yes' to question 5(), does the orgniztion clim exemption from the lx becuse it mintined expenditure responsibility for the pnt?..... N/A D Yes EJ No If 'Yes,' ttch the sttement required by Regultions section (d) 6 Did the orgniztion, during the yer, receive ny funds, directly or Indirectly, to py premiums on personl benefit contrct? Yes ~X No, b Did the orgniztion, during the yer, py premiums, directly or indirectly, on personl benefit contrct? 6 b X I/ you nsered 'Yes'to 66, lso le Form 887 Form 99-PF (22) 7E715 I 8

6 Form 99-PF(22) Pge 6 Informtion About Officers, Directors, Trustees, Foundtion Mngers, Highly Pid Employees, nd Contrctors 1 List ll officers directors, trustees, foundtion mn gers nd their com penstion see pg e 2 of the Instructions (6) Title, nd venge (c) Compenstion () cntrldutbn, m () Nme nd ddress hours per eek (e) Expense ccount, (II not pid, enter employee bsn~frt pln devoted to position b1 nd efene compentnn other llonces I I I 2 Compenstion of five highest-pid employees (other thn those Included on line 1 - see pge 2 of the instructions) If none, enter "NONE " () Nme nd ddress of ech employee pid more thn $5 DOUGLAS ZINN (6) Title nd verge. to) Contribution, to hours per (e) Expense ccount, ee (c) Compenstion employee ti plns ces devoted to position n efenee compnnon other lloxn EXEC DIR Totl number of other employees pid over $5, 3 Five highest-pid Independent contrctors for professionl services - (see pge 2 of the Instructions) If none, enter "NONE" THOMPSON.- SIEGEL_ 6_ WALMSLEY Summry of Direct Chritble Activities List the foundtion's four lrgest direct chritble ctivities during the tx yer Include relevnt sttisticl informtion such s the number of orgniztions nd other beneficiries served conferences convened reserch ppers produced etc ~s~ 1 NOT APPLICABLE Jsn ieus i o Frm 99-PF (22) 9

7 see 1 NONE qn omer progrm rei[eo invesimems ee pge n or me insirucions 3 NONE I lines 1 through 3 Minimum Investment Return (All domestic see pge 21 of the instructions ) 1 Fir mrket vlue of ssets not used (or held for use) directly in crrying out chritble, etc, purposes Averge monthly fir mrket vlue of securities b Averge of monthly csh blnces c Fir mrket vlue of ll other ssets (see pge 22 of the instructions) d Totl (dd lines 1, b, nd c) e Reduction climed for blockge or other fctors reported on lines 1 nd 1c (ttch detiled explntion) I 1e 2 Acquisition indebtedness pplicble to line 1 ssets 7 Subtrct line 2 from line 1d 4 Csh deemed held for chritble ctivities Enter 1 1/2% of line 3 (for greter mount, see pge 22 of the instructions) 5 Net vlue of nonchntble-use ssets Subtrct line 4 from line 3 Enter here nd on Prt V, line 4 6 Minimum Investment return Enter 5% of line 5 Distributble Amount (see pge 23 of the instructions) (Section 4942Q)(3) nd Q ; ~found4ons nd certin foreign orgniztions check here lo. M nd do not compli 1 Minimum investment return from Prt X, line 6 2 Tx on investment income for 22 from Prt VI, line 5 b Income tx for 22 (This does not include the tx from Prt VI ) e Add lines 2 nd 26 3 Distributble mount before djustments Subtrct line 2c from line 1 4 Recoveries of mounts treted s qulifying distributions b Income distributions from section 4947()(2) trusts c Add lines 4 nd 4b 5 Add lines 3 nd 4c 6 Deduction from distributble mount (see pge 23 of the instructions) 2 4 must complete this prt Foreign foundtions, privte operting this prt ) 2c 4c Qulifying Distributions (see pge 23 of the instructions) b b Amounts pid (including dministrtive expenses) to ccomplish chritble, etc, purposes Expenses, contributions, gifts, etc - totl from Prt I, column (d), line Progrm-relted investments -Totl from Prt IX-B 1 b Amounts pid to cquire ssets used (or held for use) directly in crrying out chritble, etc, purposes 2 Amounts set side for specific chritble projects tht stisfy the Suitbility test (prior IRS pprovl required) Csh distribution test (ttch the required schedule) 3 b Qulifying distributions Add lines 1 through 36 Enter here nd on Prt V, line 8, nd Prt XIII, line Orgniztions tht qulify under section 494(e) for the reduced rte of tx on net investment income Enter 1% of Prt I, line 27b (see pge 24 of the instructions),,,,,,,, 5 Adjusted qulifying distributions, Subtrct line 5 from line Note The mount on line 6 ill be used in Pert V, column (b) in subsequent yers hen clculting hether the foundtion qulifies for the section 494(e) reduction of tx in those yers 3 NONE 2E 1 X7 1 Frm 99-PF (22) 1

8 Form 99-F (22) Pge 8 Undistributed Income (see pge 24 of the mstrucuons) 1 Distributble mount for 22 from Pn XI, line Undistributed Income, II erty s d the end d 21 Enter mount for 21 only,,,,,,, b Totl forprior yers 2 3 Excess distributions crryover, If ny, to 22 From 1997 NON b From 1998, " ", c From 7999,,, d From 2,, e From 21,, Totl of lines 3 through e,,,,,,, 4 Qulifying distributions for 22 from Prt XII,line 4 " E 1.42,318 Applied l 21, but not more thn line 2e,, () I (b) Corpus Yers prior to E (d) 22 1, 157, 415 b Applied to undistributed income of prior yers (Election required - see pge 24 of the Instructions) c Treted s distributions out of corpus (Election required - see pge 24 of the instructions),, d Applied to 22 dlstrlbutble mount, e Remining mount distributed out of corpus 6 Excess distributions crryover pplied to 22 fly en mount ppers In column (d), the sme mount must be shon in column () ) s Enter the net totl of ech column s Indicted belo. Corpus Add lines 3f, 4c, nd 4e Subtrct fine 5 b Prior yers' undistributed Income Subtrct line 4b from line 2b c Enter the mount of prior yers' undlsn6uted Income for hich notice of deficiency hoe been Issued, or on hich the section 4942() tx hs been previously ssessed,,,, NONE NONE 1, 157, 415. NONE d Subtrct line 6c from line 6b Txble mount - see pge 24 ( the Instructions e Undistributed income for 21 Subtrct line 4 from line 2e Txble mount -ee pge 24 of the Instructions,,,, NONE QE f Undistributed Income for 22 Subtrct lines 4d nd 5 from line 1 This mount must be distributed In 23 7 Amounts treted s distributions out of corpus to stisfy requirements imposed by section 17(b)(1)(E) or 4942(p)(3) (see pge 24 l the Instructions),,.. 8 Excess distributions crryover from 1997 not pplied on line 5 or line 7 (se pge 25 of the Instructions) NONE 9 Excess distributions crryover to 23 Subtrct lines 7 nd B from line Anlysis of line 9 Excess from b Excess from o Excess from d Excess from 21. 2B 28 e Fxeessfrom (22) JSA 3E

9 7 e II the foundtion hs received ruling or determintion letter tht it Is privte operting foundtion, nd the ruling Is effective for 22, enter the dte of the ruling., b Check box to indicte hether the orgniztion l privte operting foundtion described In section 4942Q)(3) or 4942(j)(5) 2 Enter the lesser t the Tx yer Prior 3 yers djusted net income from (e) 22 (b) 21 (c) sooo () 1999 () Totl Pert I or the minimum Investment return from Prt % for ech yer listed... b B5% of line 7... c d Qulifying sme,n, mn n zn nn. 4 roe ecn yer tfted Amounb Mcluded In line 2c not u.e directly for ctifn, conduct of exempt tictm1yi, Qulifying dhbmutbnmde directly for N conduct nmpt clmb Smn line 7E Irn fire 2c. 3 Complete 7 b or c fob N t InmiiNe im nir upon 2 'NVYIbmInWt-mkr (1) vlue of Wildivte (Z) VluefierbquICyYip under iecdon 4s42fIMNeX9. b 'EneomenCIbmsMbst- Enter 7A of minimum Inv~tbn~nt return mm In Port % the 8 for ech yer i..... c "SUpPOeCtlimVntel enbr (1) Totl suppint Other Mn gross Innnniftintit In.. (Inhrtt ENNenE rent, pyments On escuritles lons (section S13()I511 or ro7n11yq (2) support from generl public nd 5 u MOM :...Pt ry.tuttbru u provldm h uctbn.s4zm(mexiu). (3) L.rge.t mount of support from n exempt orpnlztbn Supplementry Informtion (Complete this prt only if the orgniztion hd $5, or more m ssets t ny time during the yer - see pge 25 of the instructions.) Informtion Regrding Foundtion Mngers List ny mngers of the foundtion ho hve contributed more thn 2% of the totl contributions received by e foundtion before the close of ny tx yer (but only II they hve contributed more thn $5,) (See section 57(d)(2) ) N/A b List ny mngers of the foundtion ho on 1 6 or more of the stock of corportion (or en eqully lrge portion of the onership of prtnership or other mity) of hich the foundtion hs 1 b or greter Interest N/A 2 Informtion Regrding Contribution, Grnt, Gift, Lon, Scholrship, etc, Progrms Check here 1 d the orgniztion only mkes contributions to press~ The nme, ddress, nd telephone number of the person to hom b The form in hich pplictions should be submitted nd SEE ATTACHED STATEMENT c Any submission dedlines SEE ATTACHED STATEMENT d Any restrictions or limittions on rds, such s by geogrphicl fctors SEE ATTACHED STATEMENT JSA ]E 149 1

10 JSA 2E Form 99-PF (xoos) 13

11 Form 99o-PF (22) Ptio 11 Enter gross mounts unless otherise Indicted Unrelted business Income Excluded b section or 514 l~l Relted or exempt Business (b) (C) (d) function Income Exclu6Ion (S ee the Inpeps 26 l 1 Progrm service revenue code Amount toss Amount s tructions b e d e f p Fees nd contrcts frorri government gencies 2 Membership dues end ssessments 3 interest on hops nd temporry csh investments 14 12, Dividends nd Interest from securities , Net rentl income or (loss) from rel estte Debt-finnced property,, b Not debt-finnced property,, 6 Net rentl income or (loss) from pemmel property 7 Other Investment Income,,,,,,, 8 Gin or (loss) trm min d ssets other thn inventory is -1, 317, Net Income or (lo) from specil events, 1 Gross profit or (loss) from sles of Inventory 11 Other revenue b c d e 12 Subtotl Add columns (b), (d), nd (e),, -491, Totl Add line 12, columns (b), (d), nd (e),,,,,,, , 822 See orksheet in line 13 instructions on pge 26 to veri ty clcultions Reltionshi of Activities to the Accomplishment of Exempt Purposes Line NO Explin belo ho ech ctivity for hich income is reported in column (e) of Prt XVI-A contributed importntly to the ccomplishment of the orgniztion's exempt purposes (other thn by providing funds for such purposes) (See pge 26 of the instructions ) JSA 2E Form 99-PF (22) 14

12 Form99PF e12 Informtion Regrding Trnsfers To nd Trnsctions nd Reltionships With Nonchritble Did the orgniztion directly or indirectly engge in ny of the folloing ith ny other orgniztion described In section 51(c) of the Code (other thn section 51(c)(3) orgniztions) or In section 527, relting to politicl orgniztions? Trnsfers from the reporting orgniztion to nonchrrble exempt orgniztion of (Z) Other ssets "..... " b Other Trnsctions (1) Sles of ssets to nonchritble exempt orgniztion,,,,,,,,,,,,,,,,,,,,, (Z) Purchses of ssets trm nonchnlbl exempt orgniztion,,,,,,,,,,,,,,,,,,,,, (3) Rentl of fcilities, equipment, or other ssets,,,,,,,,,,,,,,,,,,,,, (4) Reimbursement rrngements,,,,,,,,,,,,,,,,,,,,,,,,,,, (6) Lons or lon gurntees,,,,,,,,,,,,,,,,,,,,,,,, (6) Performnce of services or membership or fundrsisinp solicittions,,,,,,,,,,,,,,,,,, c Shring of fcilities, equipment, miling lists, other ssets, or pid employees,,,,,, d I( the nser to ny of the bove is "Yes," complete the folloing schedule Column (b) should lys sho the fir mrket vlue of the goods, other ssets, or services given by the reporting orgniztion If the orgniztion received less thn fir mrket vlue in ny trnsction or shring rrngement, sho in column (d) the vlue of the goods, other ssets, or services.. 2 In the orgniztion directly or Indirectly ffilited ith, or relted to, one or more tx-exempt orgniztions described in section 51(c) 1 the Code (other thn section 51(c)(3)) or in section 5277 E Yes No () Nme of of i Under penlties of penury, I declre tht I hve exmined this return, Including ccompnying schedules end sttements nd to the best of my knoledge end belief, it i true, correct, end complete Declrtion of preprer (older thn txpyer or fducry) is bsed ll Informtion of hich preprer hs ny knoledge III, i I ~ Pr/,gignture or officer or trustee D@K Title te Prepree SSN or PTIN (See Signture on pge 28 C. Z Preprer's C e=f, 'k mpl,yed if P- of the instuctions I c signture r 15/12/23 P o' Firm's nm he if frior yok kejee~o tj ~~king&associates, CPAS PA EIN ll~ :elf-employlild), rid dqess, F'P IiO 'i 4116 ZIP code CHARLOTTE NC Phone no Fme 99-PF (soos) JSA 2E

13 FORM 99-PF - PART IV CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME Kind of Property Description Dte Dte sold cquired Grs s le Deprecition Cost or FMV Add bsis tes o G in price less lloed/ other s of s of FMV over or e xp enses o sle lloble 12/31/ A d bs is bs SEE STATEMENT F PROPERTY TYPE SECURITIES,557,375 4,12, ,213 SEE STATEMENT PROPERTY TYPE SECURITIES,644,712 6,57, , TOTAL GAIN (LOSS) E

14 ,. THE MARY DUKE BIDDLE FOUNDATION FORM 99OPF PART N CAPITAL GAINS AND LOSSES FOR TAX () (W (d) (e) (B) (h) SECURITY DATE ACO DATE SOLD SALES PRICE COST GAIN (LOSS) SHORT TERM GAIN soosutnecorp MUM 1111nm 2, ,162 so,ooodone mudcmnomr7 3nxivirzm9 7rsuzoi vi7rom 4e,is) 52,761 Nfii> 1,OOOFord Motor CompuiYGIOWIWNOtScnmu 914n1 IR7ROOI !179 (4,911) qpp.pnmpnc~ Ccnp Vc1 IAUZ3 ] (31}66) 7719d 14 WNUumuFunNNtoumiIVlue FE Vc1 IAI/15 3" ,5" (3,11!)!I}6334 shfn~mufmwmulm InCuPd Vv1 1/11RW7 274, , ] 7l,7JU66WNinimuPimdMnged 5m11C1pA VvOi I13IR7 X11,65 ]91,7] 31] 119JuVmmoCmi 61n1 L4/3W7 47A [I,16) zooe., vnnooi V4=2 "W 12 W (4 4Q mn+mnlmcb scour v=7nooi v4noo2 iosss c4soq 46mCCmmimoiuNV Vvol vvlow ibese :o s P17q 137WBntfNeYYm41rc 7R7R1 L4R77 6, (39) im A~ Inc Ve1 L4R] 7!.%J 4J19 (I,4]7) 313YeCT mvtcocmp 7/17/51 L4R7 1191] 19)7 (76) 79JJURxiAl'.nWeCo INS/:1 L4R3 2]A91 ]OSAA ]J 913 dumocrrvcocoup 115R1 1/4/1W3 ]O,414 25]7 X977 ]OOWT,coInuvmYlrc 4'1Y11 L17/53 17,7)3 I],963 (67) 911iN1GIivCoup L1Y13 35 W7 )937 (],43) fw9mtofnruy4lnc Vno }3) (],LUO) ]7 W MinoIlCup 5/181 7/38] 12,971 3,63 (1,653) 7]IWBvbinieuonullnc Id5131 J/387 1, ]9 33 W AMBAC FiemY Getup Ns Id5/3U1 ]/3/3P3 3,61 1! KbDollr Tone Ste,bc S/1181 )/ } 13, tNNmVJNRduCpFbICin, d13/11 4(1N33 7, (1639) ],7.NNmcINervbCpHOld.n, IN1f11 4RNSOU] 1),2J4 17,119 (6}IS) 7 IOOdIUN'dESOmNNVOddcomGroup NR3 4n9R3 116! (]6,39) 7JOOWWd4omIDcM'orlECOmGOVO NY31 4n9R3 637 JIJ9 (3l,736) ]69WFA1CCoryMind b7f11 5A/3W7 ] (9,4A) 3]IWAOLTimcWVnclne vim= SMU (S]76) SOIW2NCCorp Mm IURU71 SN3GU ,188 (711) IOOUWII/IS/61nIPent duconmppdusatnmyk97a%gucii/isn6 IMI(L1 S/I4RG /jL1 (3163) IN OOOFedmINuvIMOKye6%duc3/ISf111 11/1781 S/1681 IOIJII 16 3] (4 617) 111/IS/61ntPont duenmppmusatmyhcue97a%due11/15/ /1781!]391 AI~244 (1,61 IUUOUOFNMASIR%ducLI3N6 ILIII1 SRYS3 1),66 11,544 (177) IN OOOATRTCp61R%Eue7/15/1] dl4(l1 3/)'31 71, 88,3 (1797) 13m)slmNUvrc4ic IIAR1 N4RW )9[ 6,71 11JU1M5muctcCO Vr1RQl NSRODS I}OOdied BrvioIMyrnSqblCo V1l3 NI41SWS 66, (361!) 47slyAd ypycyqrp Vv1kQ1 6Z7RW3 11 I] I 39JdNGrnehNC YI]113 6ZNS3 963] 1,665 (S d) 673,NMerck kcolnc YIY33 7/ x) (11176) 7ppU,K (',qp IY3M1 7/ILS ,179 (9J43) 1,173WCmsoNFFSInc V.. 2M YI4/SWS 371! )3319 (IJ471) 39]WUniudThrobpeCp LSRWl YIIf1W ,618 (4)Ot) ]91YUBOnvt LI7ROO1 YI4R3 13, (3,9)),ydied B, i3ooi v14rsvt (:47) me..u.munenhmnm. isrsooj uisox 'rir7 (2 454) IS W Bu~lnimutiW Nc IM/19 x/19/ ,61 ( WBmBuYI^c V3 8/ }45 (9131) 463AuUmidTMOlopCp 1/383 18'13 39,9 J4W (711!) :oc~tceedco cop i7rsozoi ersonro : is,ooo 17,512 (2se:) 146WP-imMObilCp ]/3/57 V1Wt1 5.26] 6336 (9D1) 173 W Mnll Lynch d Cs Inc 17/321 N1' IAU (11) I4OWFiMTLWBmcp 7883 V3W33 9,3W 9,3114 (ZO) 35Ju5IlACOq L17123 VI ,69 JISJuMtGnr-WIICmnpmiolnc 17/lMWI V1MSW , flu lsthed Mn Cory I WSn1 V3M3 7,737 S So WWSIhFV,,okC 7/383 VIUf13 47}37 X15! 3)75 33WMmmibCp(Cb.nliof5svulNVe) V. 2 VS6RUP1 I WLMom.bCp Vv7 IR9l1W3 7A IODWVmISOEcCo V1W3W7 9/ I]374 (5I3) IJOO9uCd, DSpiSyumuIM (1~,55) IOOOOOP`ECINuIMOnp{c6%AUe3/15/iUll Vu ! % SSO,NFelNUimWMen~ AVOCiWrn I/11737 INIR3 733! 119] (797 ]79JuCucoSysIrnulnt L17RW3 IWVt S7f25 (37546) i 1314 RulipMm'uCniecn.lK L4Rr1 IU9R3 13)73 37)1 (1963) do OOOFNMASIR%dsY17A6 Vv1MR IdIbt3 467, ]]798 I2tNElecuucDed sysimucorp V ]173 (]5]17) 117JuMISUVBshCmipmebc Y4n3 II/IRW !76 1,1 W CLC Systom Inc 149/33 11/17/53 16, }OOmiles EIPUOCorp VuDS183 IL4RWI (16,63p 73VmmnNCVPngldNCSrNotes 61/1%9/13/111 Men= 17/ ]369 1,163 PNMA6IR%duc9/1/1)1 9/V11 V.. 2W ,31 (14) FNMA6XEus7/1816 7/171!1 V.. i] y9 157

15 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF PART N CAPITAL GAINS AND LOSSES FOR TAX () (c) (d) (e) (9) (h) SECURITY DATE ACO DATE SOLD SALES PRICE COST GAIN (LOSS) FNMA 7%dueILIr115 ]lt3rom V.. 2W2 6]A41 66,71 (3,798) GNA7A 7%duc5/17R31 4/1V33 V... 2m ,171 (7167) TOTALSHORT7ERM 3.557, xpee ( ) LONG TERM 73Yu~ImPUIONCO S/IN3U7 1/1]/SWI IS 33 (7) I,4OOSM,cmqiirnuNC71R%dueL13/6 I/ILI999 1/16Z t ,19).n.reo" sirsxeue, virz v.,o viersz o () 94 WFNMA 61f1%Auc'JInJ Vmpu 17!]113 1 (I) IN OOOPONMdmCmpmyGlobd~MUhScru 1I1,541 1/t)f37 9],318 W,676 (I,4It) ISO6NMObml Vnous I/tSR3 17, 2,293 (7)97) SOO,UOOPimyBOeNC71R%EUC4/11'M Id17ltpp 1n9/1W ,153 9 dut~olnivnonylnc Vo L4/3W HO (18,91) 9.b5BCCmmiuoiuln[ Vu L4R3 33 W (17,967) 1sNExoMobil COry V. LVlOD7 779)9 B978 (116]9) J91WAmmonInbvYmWGmuplnt Vie 14R b74 (I137) 4 ~IU1.poupNC IM5R Y41I ,77 (2J57) sory<omnonmmc vvoo inm n,2 :o (s,i3) Will,n.Cuuoohm, irzsrzooo vi7rzoo: ,8 (4,oso) 3 so.mouoow izoo viveoz 15,7 lms (zseq 3sgn,ugmPme ivirzooo vi2rzooz i.sn in (2os) SOOJuUOOnICp IL11/1997 7/IROD1 18, (1,29J) )9uBUn6CO 5(37/1999 ]/IR1 I4,IW 1448 ()1'7 ]OOWC7pilluln, I(11/t JIIRW ,354 I,WI 4oom.emneueo vierzooo viooz 3,335 n728 4,sn 14m.coed sntrnumc vuoo vsrzom HsJ4q J77duMerck ACOIM li/iuzow 3/5/ /77 ( JuGmmlEl~cCO 1'1NtOD 7/5R3 17, (177) 796WMrdoonucinc IN35n ]/SRWS ,95 (31) 157 W Pepsi. Ine 7!17/11 113R ,33 1A siuwymmslum lns IWSSR )13/.W3 A747 6, (IuNrPOducvkUnicWlns Vu99 7RNlr1 )7,37 1],31) IlAlo 73,OOOUSANOl6%EVe9/15/9 4418/2W 7R6R3 77, IN WWchmCmp 7R3/1999 JR7R3 79!56 43p1 (137N) SOOshit MnIILynchkColnc 1/19/11 1/ , (39) IODOWUnoolCory INII/1997 ) ]9,8 (2B) so.n,imiernor~ co 3nrzooo 3rs>ovt xiszs ls 2,976 6Federl NmorulMyye6lf%due5/ ] , WBOns co 9/1, ,81 19,249 6,931 SOOYuAbho lbuon 11/7/1999 7R7Rr1 76,53 I!) WBmtofNrcncCmp 9/13/199! ]f17rod2 37}27 19,NI 7A11 1,65 W MOi 41118ROD 4i (1373 6roYUMotorol 7/ E I47 27,127 (13,3!) 165dNMObml 781/199! 413R (739) X W Mool Vmou, US/53 3,31 61 (I 66) 73, FdmINmonuIMCft`e635%due5/ N3W A JU7MCO R }15 3b7 3,4SUduNonlNnAiCpHOIGny 4RNi1 4fl6Z3 8,767 41,613 (73A5) 4SOWNmicINCIivbCpHOldivS 7/1/ Z ,13] (I)}I7) I,IOULh, NOnelNCtYiCmplbldn 7/JI/199t 4RN33 79]4 17,259 (1)73 IIOOWWMdcmn4rM'oddcomGp N3N3 Irz9n (f17) ),73INWldmhv/WOirIdcmGOUp 9/IV199t x/39/13 8, ()4JI7) I,7 du WplECn NNVNECOm GOUp I/3/ 1 U39n3 ] 131 3]}OS (3711 SOOW6mtfAmmuCry 9/13/199! 3/ p1 13,193 IN WPMCCmpMm 11/INS (77744) 4SOYuFMCCorpMmu INi3ROW , (76671) I}OOWAOLTimeW. Iii. V SM1W3 36, (7.314) 37YUFMCCmpMm ILI/t SR/t3 3, (17p93) 1YUENCCpM. x/1621 5A/33 3,46] 9,193 (6773) 1 OOOFdmINWMOn(.Ke625%due5/1 SR ,OOUSANdn6%dueNI3N9 4RBRW 7RYt2 33,366 47y63 5y7 IOO,ODOFNMA6il1%EVeLIfNI I,79/1999 3/ W 19A 6 6 IOO,OWATkTCp61/1%dueJ/ISn39 5!5781 SAN1M 71!717 (I4,l7) 174 ilugmealnc 1/1981 6n6n1 15f (9y73) 7 W hivj Corp 6M1 Yt7f (4AOe) 7]3WMOr,,;i,:I5tmIqDUiWiit&Co Vr ]J (339) I,MOsIuSpnniCorp 1,19/1999 7/11! ,83 (32 Ni IOOOWSpnvtCp Y7/1999 7/IIfEU (S94I6) 1,3WSpnnlCup 9/13l1W 7/11/13 I]4]6 34,77 (21J34) 719WMCrthdCofine Vio 7/IYt (=2.17t) IOOOOOFord Motor C7ed, Co Flv[duel/IQT /IY1W (67) i.sooshim c.rn~ma+tzenui mc vs9 7rsino : 11, Ps93s> 3.ooo.mr.]iCorp vmou. irurzooz eos Wsh

16 THE MARY DUKE RIDDLE FOUNDATION FORM 99PF BOBB883 PART N CAPITAL GAINS AND LOSSES FOR TAX () SECURITY 4.o gn miwbbc Gvuv Cmnie me 75 tons B.., IOI in IinuscAold NivnWmY flu Mnll Lull R Co be l II W Nnmn InInWO~ul Gmup Inc 757 W InienmW Bine'MechineCory n ce.r. Comp 231 W hpum be 1 IM Ft D Cory ] 17 she AMcv Bt Compviie N< 7 Yu MNih Inc 92 ft Trend. RvprnrCmWry Cory n A (csint m li)!4 W Tmds f1vpmy CYtY COT Cl B (CM in li) 36 du Tmelm Ropvty Cuslry Coq n B ([W in hcu) 17 W Trndm Ropmr Culry Cp CI A (One in li) 77 W Tmdm Pmpvq Cvuly Cnp Cl B ]S Yv Tmdm Pmpmy Cmilry Cory Cl A (ih m L) 1 Yu CWt Dipi Synmu Inc eo o xoussnoi rinence, com s 4% unioe IJW Lb C+dm[e Dmpi Synem, Irc 6 As Mnll LyMi & C he ISO Yu 1P Mme (.Tee 8 Co 97,U Noelnld Finen[e Cmp 6 t% di7/9 95 W FdcJ Noiul Mon~Ie Amc~mmi 13, Wit UmeyCo MrLivn Tm Notes t 7A% Euc , Bdluh Csnul FEiN 7 7/1% due V1543 ISO No 1<hmm BmiAm Holding Co 6 3l!% 1/INI 3, FNVY Nnl Mony+je 635% due 3/ Burnt. Puum Inc S Notes I I2% NI7/1 IOD 1W FdY NmmY Mvtpgs ~m 1, FeEOY NmpW Mutyje 6% Eue 3/ISN! X75, PdvY Nmoul Moyyc 617% due 5/1729 1, W Johnson " lehvm 1,477 Yu Cum Sypecusloc ssom.mmecom 4W ohs Household TOTALS Inc 4" W Philip Mom' Cnpmn 4ic 33! W Tmsim Rvpmr Clry Cp Cl B 2.1.h. Hcvhv Psbrd Co 7,1 she Elects nic D Stem, Cp St) sn MMU Buuh Compmms, Ins 63 W 7M Co 1,5,b, First Boqon Finl Cp 631 W M.cmll Cp 3,3 W McOnildi Cp esom sm. nocl,uct nccecumus, s 3/4% due V1511 I 9 W Mid Cp 3 o sm. e nnuct nccence 6 V4% due »mMOW clumse m co 5 Wit Been, Co Mditum Tm Note; 4 74% due 7/LDS slue FNMA 6113% due 9/1/131 6 W Urol Cp FNMA61/1%ve9/1871 FNMA 6% due 7/1/316 I~ sx due virsou FNMA M due 3/l/211 FNMA 718%due)/I/t39 GNMA 7%EVe)/13/179 cr+rn 7 irsx eum Ivurzoxe cr+r.+ 2% iss: vursmo Pdml!lme Loci MunMe Cup I I 7A% Aue NI5/1) TOTAL LONGTERM DATE ACO DATE SOLD SALES PRICE vmowoi unox $5,786 7/27/21 V 14/2W dvsw I YiM3 1,797 =7R1 Vrrokoi 4'IK1W1 vnrsmi 7R7RU1 1/1'51 NlRWI MOON Vmu Vmqu Venom venous venom Venues, Vc99 vcoi 4rsv1vsv V.1 1/33/1 vveol Vmpu smrso] I/I4RWO X999 N161 Vnpp Vmu 97pW V.&1 v. m vvoi I WS/t1 Vmmu Vr V.o "WI Vme 4ROR1 Vie venom envioi Vr99 mroi mo N3W1W I 91N71 ivunsv, VN11 7/17/11 1!37/1999 mnssv!/17/1999 fi4l 111 "9 iierso V3Mro7 N1N13 V1Nt3 eneooz VShZ3 V1M7 trm3 erzersooz 9/Jm 9/7f1W3 vnrsox 9qRW NRW3 MOM 9/1!83 9/19/13 9q4Rr1 9RI/SW$ 9MR3 9/1O /3N3p3 9/36'33 9/5673 9/1N77 iv3o: IM/SWl 1) 61T e,ss7 1bZ3 lop" ,129 iefio II 3 I W! ~966 u3» 19,7] 1, ,776 MA1 39," ,317 76, COST , ,]1t 3, eve 6, , WO , , , ,!61 6],19 e4,e74 77,11 17,91 Jun 5M 24, (h) GAIN (LOSS) (izb1v) (377) (11,37) (io3)u (11941) (yj41) (IN) (377) 737 ]J9 1, (IS) (13) (79) (en) (419) (4421) (235) (5u) (I]}77) (7373) (2614) (3.29]) X977 3)] ,179 IMliWl ,132 W 661 IM/2W $1,74 46,38 ]x,693 IdIRi 16)1] 4,654 4,41=i iovnro2 isnmz xe,e4s 8,42 4e, (19131) (I e) e,318 37,67 (4717) IW17/13 ]93 3,8 36E ,5]1 75,73 (17 19) IMIR73 15, (19721) I I/183 3)21 31, II/4/2W7 e4467 5A36 33A7 I inr ? 4um (171t7) iinroz u,sm f44ro II i'ro31 11/!/ ()]161) 11/ ,17 (637) 1 I/IV N}61 (1731 iirsirooz zee1 ni f14on urs7noo: vo.219 ne (11 143) IYlR "3 173 ILI7R3 198, IU16/ (4J43) Vmom ,363 (7) Venom 2W y Vnom (147) V.. 2W (A 766 V.. =2 63,3 67,246 (1797) Vienn 2W (177) V.. 2W2 sv4 7o,oos (ms) Vmuu73 67,15 67A87 (157) Vmou, M s6,1 (ess52) )J v,lo;oe c1j177sl

17 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF, PART I - INTEREST ON TEMPORARY CASH INVESTMENTS REVENUE AND NET ADJUSTED EXPENSES INVESTMENT NET DESCRIPTION PER BOOKS INCOME INCOME MONEY MARKET FUND 1,398. 1,398. 1,398. INTEREST ON CASH HELD AT INKIEST MGR 2,134. 2,134. 2,134. INTEREST ON TAX REFUND TOTAL , , , STATEMENT 1

18 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES REVENUE AND EXPENSES DESCRIPTION PER BOOKS DIVIDENDS 422,48. INTEREST CORPORATE BONDS 167,812. INTEREST GOVERNMENT OBLIGATIONS 223, TOTAL 813,22. NET ADJUSTED INVESTMENT NET INCOME INCOME , , , , , , , , STATEMENT 2

19 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF, PART I - ACCOUNTING FEES DESCRIPTION REVENUE AND EXPENSES PER BOOKS NET INVESTMENT INCOME ADJUSTED NET CHARITABLE _ INCOME PURPOSES ACCOUNTING SERVICES TOTALS 26,95. 26,95. 13, , , , , , STATEMENT 3

20 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF, PART I - OTHER PROFESSIONAL FEES REVENUE AND NET ADJUSTED EXPENSES INVESTMENT NET DESCRIPTION PER BOOKS INCOME INCOME INVESTMENT COUNSEL 97, , ,277. BROKER FEES 24,15. 24,15. 24, TOTALS 121, , , STATEMENT 4

21 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF, PART I - TAXES DESCRIPTION REVENUE AND EXPENSES PER BOOKS NET INVESTMENT INCOME ADJUSTED NET CHARITABLE INCOME PURPOSES FEDERAL EXCISE TAX 6,559. EMPLOYMENT TAXES 12, 874. OTHER TAXES INCL. NY REGISTRAT 75. FOREIGN TAXES PAID TOTALS 2,664. 1, ,3. 1, , _ ,3. 11, STATEMENT 5

22 THE MARY DUKE BIDDLE FOUNDATION FORM 99PF, PART I - OTHER EXPENSES REVENUE AND NET ADJUSTED EXPENSES INVESTMENT NET CHARITABLE DESCRIPTION PER BOOKS INCOME INCOME PURPOSES TELEPHONE 2, ,457. INSURANCE 2,75. 1,375. 1,375. 1,375. POSTAGE 1, ,64. OFFICE SUPPLIES 2, ,77. DUES 6 SUBSCRIPTIONS REPAIRS b MAINTENANCE PENSION PLAN ADMINISTRATION 1,39. 1,187. 1,187. 8,852. OTHER TOTALS 2,781. 3,986. 3,986_ 16, STATEMENT 6

23 THE MARY DUKE BIDDLE FOUNDATION FORM 99-PF DECEMBER 31, 22 U S Government nd gency obligtions. Federl Home Lon Mortgge Corp 11-7/8% due 6/15/13 Federl Ntionl Mortgge 5-1/2% due 2/15/6 6% due 7/1/16 6% due 2/1/14 6% due 6/1/16 6% due 5/15/8 6-1/2% due 8/15/4 7% due 12/1/15 7% due 3/1/11 7-1/2% due 3/1/29 GNMA Pool 7% due 3/15/29 7% due 5/15/31 7-1/2% due 12/15/28 8% due 7/15/3 U S Tresury Notes 3-I/4% due 12/31/3 4-1/4% Pnn Pmt Stripped due 11/15/3 4-5/8% due 5/ 15/6 5% due 2/15/11 5% due 8/15/11 5-1/4% due 5/15/4 6-7/8% due 5/ 15/6 Totl U. S. Government nd gency obligtions Fce/ Shres Cost Mrket 1,724 1,71 1,745 25, 256, , , , ,45 25,153 25, ,848 18, 133, ,428 11, 16, ,69 175, 175,17 188,673 86,59 89,594 91,598 62,611 62,146 66,752 76,41 77,679 81, ,43 119, , ,9 178, ,545 92,618 93,394 98,991 43,382 48,979 52,335 19, 193, ,8 2, 195, , , 164, ,158 85, 91,67 93,394 17, 182, ,415 5, 5,24 5,267 15, 156, ,594 2,752,391 2,933,333 STATEMENT 'j

24 THE MARY DUKE BIDDLE FOUNDATION FORM 99-PF DECEMBER 31, 22 Fce/ Investments Shres Cost Mrket Common stock Abbott Lbortories 3,65 149, , Agilent Technologies, Inc 3, ,698 64,189 Au Products & Chemicls, Inc 1,15 35,536 49,162 Amencn Interntionl Group, Inc 7 55,67 4,495 AMGEN Inc 1,59 67,181 51,192 Andrko Petroleum Corp 2,2 1,165 15,38 Anheuser-Busch Compnies Inc 1,3 62,495 62,92 Automtic Dt Processing Inc ,737 17,427 Bnk of Americ Corp 1,1 54,986 76,527 Bxter Interntionl Inc 1,135 63,427 31,78 Best Buy Inc. 3,85 13,78 92,977 Boeing Co. 3,5 134, ,465 Ctepillr, Inc 3,2 137,2 146,34 ChevronTexco Corp 1,89 139,511 12,262 Chubb Corp 1,65 91,843 86,13 Cisco Systems Inc 3, 27,434 39,3 CihGroup Inc 3,73 114, ,259 Cler Chnnel Inc 1,216 52,818 45,345 Coc Col Co 2,7 121, ,368 CVS Corp 4,5 1,882 11,128 Dell Computer Corp 2,617 71,649 69,979 Dollr Tree Stores 4, 93,417 98,28 Duke Energy Corp 263,2 1,852,255 5,142,928 Dominion Resources Inc VA 75 3,252 41,175 Eli Lilly & Co 88 69,332 55,88 Exxon Mobil Corp 3 12,855 1,482 Federl Ntionl Mortgge Assocition 75 61,48 48,248 Fifth Third Bncorp 5 33,515 29,275 First Dt Corp 2, 66,335 7,82 Fleet Boston Finncil Corp 1,9 73,179 46,17 Gnnett Co 2,81 177,439 21,758 Generl Electric 1, , ,628 Gillette Co 3,85 124, ,886 Goldmn Schs Group Inc 9 59,86 61,29 Hrley Dvidson Inc 2 9,26 9,24 Helett Pckrd Co 8, , ,696 Home Depot Inc 2,63 84,412 49,553 Honeyell Interntionl lnc 1,132 37,272 27,168 Humn Inc 5,2 66,614 52, Illinois Tool Works Inc 587 4,139 38,73 Intel Corp 6, ,331 16,78 Interntionl Business Mchines Corp 1,2 125,185 93, Interntionl Pper Co 4,1 149, ,377 STATEMENT

25 THE MARY JUKE BIDDLE FOUNDATION FORM 99-PF DECEMBER 31, 22 Fce/ Investments Shres Cost Mrket Johnson & Johnson 2, ,41 122,45 Kimberly-Clrk Corp 2,5 131,1 118,675 Lockheed Mrtin Corp 9 46,425 51,975 Loes Compnies Inc 1,19 45,667 38,213 Mrsh & McLennn Compnies Inc ,225 16,266 Msco Corp 1,29 34,44 27,155 MBNA Corp 1,887 37,834 35,891 McDonlds Corp 1,41 4,29 22,528 McGr-Hill Compnies, Inc 3 18,75 18,132 Medtronic Inc 1,272 61,627 58,3 Merck & Co, Inc 1,5 71,6 84,915 Memll Lynch & Co Inc 2, ,419 95,824 Metlife Inc 3,3 86,953 89,232 Microsoft Corp 5,5 32, ,85 Minnesot Mmmg & Mfg Co ,183 38,346 Ntionl SemuConductor Corp 3,85 135,881 57,788 Omnicom Group, Inc 1,75 87, ,5 Pll Corp 2,5 52,786 41,7 PepsiCo Inc 1,6 74,793 67,552 Pfizer Inc 4, , ,124 Phrmci Corp 1,914 71,985 8,5 Proctor & Gmble Co 1,71 86,14 92,42 Qulcom 7 2,727 25,473 Schering-Plough Corp 1,148 39,79 25,486 Schlumberger Ltd 2,35 135,687 98,911 SLM Corp 25 23,243 25,965 i'rget Inc 4, , ,82 Texs Instruments 2,324 66,453 34,883 Trvelers Property Csulty Corp CI A 6,225 9,319 91,196 UmtedHelth Group Inc 335 3,234 27,973 Umlever NV 2, , ,566 Unocl Corp 2,55 9,763 77,979 Venzon 3,57 117, ,337 Vulcn Mterils Co 2, 84,1 75, Wchovi Corp 4, 116, ,76 Wlgreen Co 8 29,73 23,352 Wlmrt Stores, Inc 3, , ,5 Wells Frgo Inc 2,5 1,354 96,84 Weyerhuser ,694 41,9 Wyeth 4,7 149, ,78 Xilmx Corp 5 1,785 1,3 XL Cpitl Ltd 25 19,5 19,313 Totl common stock 9,247,272 11,795,268 Mutul Fund : TS&W Interntionl Equity Fund 67,797 1,5,82 626,442 Totl common stock & mutul funds 1,298,92 12,421,71 STATEMENT 98

26 THE MARY DUKE BIDDLE FOUNDATION FORM 99-PF DECEMBER 31, 22 Fcet Investments Shres Cost Mrket Corporte bonds Alco, Inc 6% due 1/15/12 75, 74,297 82,567 Americn Express Co 5-1/2% due 9/12/6 11, 11, ,825 BeIlSouth Cpitl Funding 7-7/8% due 2/15/3 1, 18,15 122,793 Conoco Inc 6 95% due 4/15/29 55, 6,439 62,336 Countryide Finncil 3-1/2% due 12/l9/5 6, 59,794 6,532 Countryide Finncil 5-5/8% due 5/15/7 75, 74,714 8,222 CSX Corp 7 45% due 5/1/7 125, 129,57 143,814 DimlerChrysler NA Holding 3 4% due 12/15/4 6, 59,975 6,411 Domuuon Resources Inc 8-I/8% due 6/15/1 1, 1,19 116,34 Do CheRUCI Compny 7 3/8% due l 1/1/29 1, 15,324 18,29 Duke Energy Corp 6-1/4% duel/15/12 1, 98,919 14,367 First Dt Corp. 4 7% due 11/1/6 2, 199,779 29,594 Generl Electric Cpitl Corp 6-3/4% due 3/15/32 6, 64,648 66,335 Generl Motors Corp 6-1/4% due 511/5 1, 1,596 12,324 JP Morgn Chse Comm Mtge Securities 5 OS% due 12/12/34 75, 75,467 77,163 LB-UBS Commercil Mortgge Trust 4 94% due 12/15/26 5, 5,334 5,727 Lehmn Brothers Holding Inc 6-5/8% due 4/1/4 1, 98,921 15,423 Nt'I Rurl Utilities Coop Finnce Corp 6% due 5/15/6 9/1/25 15, 149, ,637 SBC Communictions Inc 5-3/4% due O8/15/11 185, 184,718 2,634 Sers & Roebuck Acceptnce 6-3/4% due 8/15/11 35, 34,785 33,37 Trget Corp 7% due 7/15/31 85, 94,32 96,286 Vicom Inc 6-5/8% , 75,74 84,768 Wlt Disney Co 4-7/8% due 7/2/4 95, 94,925 97,756 Wshington Mutul Inc 4-3/8% due 1/15/O8 65, 64,789 66,233 Wells Forgo Inc Sr Notes 5-1/S% due 2/15/7 1, 99,973 17,41 Totl corporte bonds 2,369,53 2,522,67 STATEMENT