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          <FormAndInfoAndMaterialsTxt>Written application</FormAndInfoAndMaterialsTxt>
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            <StateAbbreviationCd>NC</StateAbbreviationCd>
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            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28754</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
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          <RecipientPersonNm>North Carolina State University</RecipientPersonNm>
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            <StateAbbreviationCd>NC</StateAbbreviationCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
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            <StateAbbreviationCd>NC</StateAbbreviationCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>University of North Carolina - Chap</RecipientPersonNm>
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            <CityNm>Chapel Hill</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Scholarships</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>University of North Carolina - Char</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>9201 University City Blvd</AddressLine1Txt>
            <CityNm>Charlotte</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28223</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Scholarships</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Warren Wilson College</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Bus Office - PO Box 9000</AddressLine1Txt>
            <CityNm>Asheville</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>288159000</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Scholarships</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Western Carolina University</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>105 Cordelia Camp - 1 Uni Dr</AddressLine1Txt>
            <CityNm>Cullowhee</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28723</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Scholarships</GrantOrContributionPurposeTxt>
          <Amt>33000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Wingate University</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 159</AddressLine1Txt>
            <CityNm>Wingate</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28174</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Scholarships</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>McDowell Tech</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>54 College Dr</AddressLine1Txt>
            <CityNm>Marion</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28752</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Scholarships</GrantOrContributionPurposeTxt>
          <Amt>14500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>107500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>220110</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>42287</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>4334</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-79896</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>186835</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>186835</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="990PF:112" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting fees</CategoryTxt>
        <Amt>4445</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="990PF:129" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <DepreciationPropertyGrp>
        <PropertyDesc>Land - Laurelwood Condo</PropertyDesc>
        <AcquiredDt>2013-03-28</AcquiredDt>
        <CostOrOtherBasisAmt>7500</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Condo - Laurelwood</PropertyDesc>
        <AcquiredDt>2013-03-28</AcquiredDt>
        <CostOrOtherBasisAmt>119013</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>36750</PriorYearDepreciationAmt>
        <CurrentYearExpenseAmt>4327</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Rheem Heat System - Laurelwood</PropertyDesc>
        <AcquiredDt>2018-08-10</AcquiredDt>
        <CostOrOtherBasisAmt>3505</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2003</PriorYearDepreciationAmt>
        <CurrentYearExpenseAmt>313</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Maytag Washer - Laurelwood</PropertyDesc>
        <AcquiredDt>2018-09-04</AcquiredDt>
        <CostOrOtherBasisAmt>694</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>397</PriorYearDepreciationAmt>
        <CurrentYearExpenseAmt>62</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Land - RR</PropertyDesc>
        <AcquiredDt>2011-01-05</AcquiredDt>
        <CostOrOtherBasisAmt>15000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>House - RR</PropertyDesc>
        <AcquiredDt>2011-01-02</AcquiredDt>
        <CostOrOtherBasisAmt>52535</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>17177</PriorYearDepreciationAmt>
        <CurrentYearExpenseAmt>1910</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Dishwasher - RR</PropertyDesc>
        <AcquiredDt>2011-04-05</AcquiredDt>
        <CostOrOtherBasisAmt>956</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>956</PriorYearDepreciationAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Equipment</PropertyDesc>
        <AcquiredDt>2022-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>5156</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1495</PriorYearDepreciationAmt>
        <CurrentYearExpenseAmt>1263</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="990PF:123" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <InvestmentsCorporateBondsGrp>
        <BondNm>Raymond James</BondNm>
        <EOYBookValueAmt>3657000</EOYBookValueAmt>
        <EOYFMVAmt>3353549</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="990PF:122" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>Raymond James</StockNm>
        <EOYBookValueAmt>576166</EOYBookValueAmt>
        <EOYFMVAmt>767452</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="990PF:130" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <InvestmentLandGrp>
        <CostOrOtherBasisAmt>204359</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>66653</AccumulatedDepreciationAmt>
        <BookValueAmt>137706</BookValueAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <LegalFeesSchedule documentId="990PF:111" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <LegalFeesGrp>
        <CategoryTxt>Legal Fees</CategoryTxt>
        <LegalFeesAmt>6750</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="990PF:134" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <OtherDecreasesDetail>
        <Desc>FMV to Book Value Adjustment</Desc>
        <Amt>249726</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>Prior perio adjustment</Desc>
        <Amt>389063</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="990PF:115" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <OtherExpensesScheduleGrp>
        <Desc>Office expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>192</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Committee expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>700</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="990PF:114" softwareId="23017659" softwareVersionNum="23.1.0.0">
      <TaxesDetail>
        <CategoryTxt>Estimated income taxes</CategoryTxt>
        <Amt>3876</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>