Z Smith Reynolds 586038145 - 200612 - 990PF

Form
990-PF
Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
Note: The foundation maybe able to use a copy of this return to satisfy state reporti, , and ending Final return Amended return
OMB No 1545-0052
Department of the Treasury
Internal Revenue Service
2006
For calendar year 2006 , or tax year beginning E-1 Initial return G Check all that a I : Name of foundation Use the IRS label.
0 Address chance Name chance A Employer identification number
Otherwise , Z .
print
SMITH REYNOLDS FOUNDATION ,
INC.
Roomisulte
1
58-6038145
B Telephone number
Number and street (or P O box number if mail is not delivered to street address )
ortype
See Specific City or town, state, and ZIP code Instructions .
147 SOUTH CHERRY STREET

NC 27101
200
336-725-7541
C If exemption application is pending , check here
W INSTON-SALEM ,
D 1 Foreign organizations, check here

2 Foreign organizations meeting the 85% test, check here and attach computation 0.=
Section 501(c)(3) exempt private foundation H Check type of organization: Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation I Fair market value of all assets at end of year (from Part ll, col (c), line 16) Accounting method: Accrual Cash = Other (specify) $ 19 , 603 8 045 . (Part 1, column (d) must be on cash basis.) Analysis of Revenue and Expenses Part I (a) Revenue and (b ) Net investment (The total of amounts in columns (b), (c), and (d) may not expenses per books income necessarily equal the amounts in column (a)) J 1
2
3
E If priva t e f oun d a t ion status was terminate d under section 507(b)(1)(A), check here F If the foundation is in a 60-month terminatio n under section 507 ( b )( 1 B ), check here ( d) Disbursements (c) Adjusted net for charitable purposes income (cash basis only)
Contributions, gifts, grants, etc., received

Check
Interest investments
19 , 723 , 849 .
N/A 591 , 206.
lithe foundation Is not required to attach Sch B

and temporary
591 , 206 .
Dividends and interest from securities

b Net rental income or (loss)
5a Gross rents
6a Net gain or ( loss) from sale of assets not on line 10 Gross sales price for all 1,070. b assets on line ea 7 Capital gain net income (from Part IV, line 2)
1 , 070.
070
cc
8 9
Net short-term capital gain Income modifications

b Less Cost of goods sold
Gross sales less returns 10a and allowances
c Gross profit or (loss) 11 Other income 12 Total . Add lines 1 through 11

13 Compensation of officers , directors , trustees, etc
20
316
303
125 .
362 . 47
5
303 , 362.
14 y 15
Other employee salaries and wages Pension plans, employee benefits
16a Legal fees
STMT
555 , 899. 250 103. 58 415.

20 , 000-
0 1.
. ?t?n
555 , 899. 250 103 . 58 415.

20 , 000.
b Accounting fees
c Other professional fees 17 Interest
STMT 2
18 Taxes
19 Depreciation and depletion
STMT
70 , 467.
108 , 737.
0.
0.
58 , 685. 226 700.

147 532 .
20 Occupancy
-4 21 Travel, conferences, and meetings
C 22 Printing and publications
226 , 700.
147 532 .
0.
0 .
32 316. STMT 4
1 , 264 , 237. 3 , 037 , 768. 16 , 564 , 045. 19 , 601 , 813.
23 Other expenses
0. 0. 0. 0.
3 2 316 . 1 2 6 4 237. 2 , 917 249.

16 , 605 , 740. 19 , 522 , 989.
,J l'0 24 Total operating and administrative expenses. Add lines 13 through 23 25 Contributions, gifts, grants paid
26 Total expenses and disbursements.

0 27 Add lines 24 and 25 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements

b Net investment income (if negative, enter -0-)
714 , 312.
592 . 276.
c Adjusted net income (if negative , enter -o-)

LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions.
823501 01-29-07
N/A
Form 990-PF (2006)
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Fnrm QQn-PV /9MR) 7
I
CMTTV OVAMY IT T'%O t(TTATTITmT(ThT TWTf''
CO
CA']O1 AC
D- 13
Part II
2 3 4 5 6
7
Balance Sheets
Attached Schedules and amounts In the description

column should be for end -o f-year amounts only
Beginning of year (a) Book Val ue (b) Book Value
End of year (c) Fair Market Value
1 'Cash - non-Interest-bearing
Savings and temporary cash investments
18 , 431 , 756.
8 , 643.
16 , 287 , 928. 2 , 859 , 290. 8 , 643.
16 , 287 , 928. 2 8 5 9 2 9 0. 8 , 643.
Accounts receivable ^
Less: allowance for doubtful accounts ^ Pledges receivable ^ Less: allowance for doubtful accounts ^ Grants receivable Receivables due from officers, directors, trustees, and other disqualified persons
Other notes and loans receivable ^
13 , 767.
Less: allowance for doubtful accounts ^ 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 108 Investments - U.S. and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 12
Investments - land.bulldings , and equipment basis
Less accumulated depreciation
^ ^
703 615. 394 , 368. STMT 6
320 , 273. 79 , 000.
309 , 247. 94 , 000.
309 , 247. 137 937.
Investments - mortgage loans
13 Investments - other
14 Land, buildings, and equipment basis ^
Less accumulated depreciation ^
15
Other assets (describe ^
u) d
16 Total assets to be com p leted by all filers 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue
20 Loans from officers , directors , trustees , and other disqualified persons
18 , 844 , 796.
19 , 559 , 108.
19 , 603 , 045 .
21 J 22
Mortgages and other notes payable Other liabilities (describe ^ 0. 0.
23 Total liabilities ( add lines 17 throw h 22 ) Foundations that follow SFAS 117 , check here ^ and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 25 Temporarily restricted co 26 Permanently restricted C Foundations that do not follow SFAS 117 , check here ^ and complete lines 27 through 31 27 Capital stock, trust principal, or current funds 28 Paid -in or capital surplus, or land, bldg., and equipment fund < 29 Retained earnings, accumulated income, endowment, or other funds Z 30 31 Total net assets or fund balances Total liabilities and net assets/fund balances
0. 0.
0 . 0 .
18 , 844 , 796.
19 , 559 , 108 .
STATEMENT 5
18 , 844 , 796. 18 , 844 , 796.
19 , 559 , 108. 19 , 559 , 108 .
Part III
1
Analysis of Changes in Net Assets or Fund Balances
Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) ^ 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) ^ 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30
823511 03-08-07
1 2 3
18 , 844 , 796 .
714 , 312 . 0 .
4
5 6
19 , 559 , 108.
0 . 19. 559 .10 8 .
Form 990-PF (2006)
Form 990-PF 2006) Z. SMITH REYNOLDS FOUNDATION INC. Part IV Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate, 2 -story brick warehouse; or common stock, 200 shs. MLC Co.) (b How acquired D - Purchase D - Donation
58-6038145
(c) Date acquired (mo., day, yr.)
Pa g e 3
(d) Date sold (mo., day, yr.)
1a WACHOVIA CLASS ACTION SUIT

b
VAR
c
d
e
(e) Gross sales price (f) Depreciation allowed (or allowable) (g) Cost or other basis plus expense of sale (h) Gain or (loss) (e) plus (f) minus (g)
a
b
1 , 070.
1 , 070.
c
d
e
Complete only for assets showing gain in column (h) and owned by t he foundation on 12/31/69 (I) F.M.V. as of 12/31/69 (j) Adjusted basis as of 12/31/69 (k) Excess of col. (i) over col. (1), if any (I) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col. (h))
a
b
1 , 070.
c
d
e
2 Capital gain net income or (net capital loss). f If (lloss),Ienter^-0- in Part 11, ll ne 7 2
1 , 070.
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). If (loss), enter -0- in Part I, line 8 3 Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period ? If 'Yes, the foundation does not qualify under section 4940(e). Do not complete this part. 1 Enter the appropriate amount in each column for each year; see instructions before making any entries. Base period years Adjusted qualifying stributions Net value of nonchantable-use assets
N/A
Yes No
(col. (b) divided by col. (c))
2005 2004 2003 2002 2001
16 19 20 25 22
727 018 754 627 108
957. 680. 310. 845. 676.
9 7 11 16 13
, 507 , , 773 , 133 045 983
211. 381. 922. 827. 815. 2

3 4 12
1.759502 2.446642 1.864061 1.597166 1.581019 9.248390

1 . 849678
2 Total of line 1 , column (d) 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years 4 Enter the net value of noncharitable-use assets for 2006 from Part X, line 5 5 Multiply line 4 by line 3
193 , 398.
5
6
22 , 553 , 860.
5 , 923.
6 Enter 1% of net investment income (1% of Part I, line 27b) 7 Add lines 5 and 6 8 Enter qualifying distributions from Part XII, line 4 If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
623521/01-2"7
7
8
22 , 559 , 783.
19
620 , 701.
Form 990-PF (2006)
Form 990-PF (2006)
Z.
SMITH REYNOLDS
FOUNDATION,
INC.
58-6038145
Paae 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)
and enter 'N/A' on line 1. la Exempt operating foundations described in section 4940(d)(2), check here ^ Date of ruling letter: ( attach copy of ruling letter if necessary - see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ^ E] and enter 1% of Part I, line 27b c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 3 Add lines 1 and 2 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 5 Tax based on investment income Subtract line 4 from line 3. If zero or less, enter -06 Credits/Payments: a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a b Exempt foreign organizations - tax withheld at source 6b c Tax paid with application for extension of time to file (Form 8868) 6c d Backup withholding erroneously withheld 6d 7 Total credits and payments. Add lines 6a through 6d 8 Enter any penalty for underpayment of estimated tax. Check here 0 if Form 2220 is attached 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed 10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be: Credited to 2007 estimated tax BOB,
11
846.
0.
3
4 5
11 , 846.
0.
11 , 846.
11
824.
7 ^ ^ Refunded 8 9 10 11
11 , 824. 22.
Part VII-A
Statements Regarding Activities

Yes No 1a 1b X X
1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? If the answer is "Yes" to Is or 1b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities c Did the foundation file Form 1120 -POL for this year? d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: (1) On the foundation. ^ $ 0. (2) On foundation $ 0. e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers. ^ $ 0. 2 Has the foundation engaged in any activities that have not previously been reported to the IRS? If "Yes,' attach a detailed description of the activities 3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? b If'Yes; has it filed a tax return on Form 990 -T for this year? N/A 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? If "Yes, " attach the statement required by General Instruction T 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either: By language in the governing instrument, or By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument? 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes,' complete Part//, col (c), and Part XV. 8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^ b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No," attach explanation 9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(l)(3) or 4942(1)(5) for calendar
1c
3 4a 4b 5
X X X
6 7
X X
8b
year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes," complete Part XIV
Form 990-PF (2006)
623531 01-29-07
Form 990-PF (2006) Z. SMITH REYNOLDS FOUNDATION , Part VII-A Statements Regarding Activities Continued
INC.
58-6038145
Page 5
11a At any time luring the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)7 If 'Yes,' attach schedule. (see instructions) b if 'Yes,' did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents , royalties, and annuities described in the attachment for line 11a? N/A 12 Did the foundation acquire a director indirect interest in any applicable insurance contract?
11a
1 13 I X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? Web site address ^ WWW. Z SR . ORG Telephone no.'. 3 3 6 - 7 2 5 - 7 5 41 14 The books are in care of ^ BARBARA MABE ZIP+4 ^ 27101-5287 Located at ^ 147 S. CHERRY ST, ST 200 WINSTON - SALEM, NC ^ E] 15 Section 4947( a)(1) nonexempt charitable trusts filing Form 990 - PF in lieu of Form 1041 - Check here
the amount of File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. 1a During the year did the foundation (either directly or indirectly): (1) Engage in the sale or exchange, or leasing of property with a disqualified persons (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? (5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?
No
0 Yes No 0 Yes No 0 Yes No Yes 0 No
0 Yes No (6) Agree to pay money or property to a government official? ( Exception . Check "No" if the foundation agreed to make a grant to or to employ the official for a period after termination of government service , if terminating within 90 days .) 0 Yes No If any answer is "Yes' to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions)? Organizations relying on a current notice regarding disaster assistance check here ^ LI Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2006? Taxes on failure to distribute income ( section 4942) (does not apply for years the foundation was a private operating foundation defined in section 4942 ( j)(3) or 4942 ( j)(5)): At the end of tax year 2006, did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year(s) beginning before 2006? No 0 Yes If "Yes, list the years ^ Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 ( a)(2) (relating to incorrect valuation of assets ) to the year ' s undistributed income? (If applying section 4942 ( a)(2) to all years listed, answer ' No" and attach statement - see instructions.) N/A If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a, list the years here.
3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year ?
LI Yes No b If 'Yes ; did it have excess business holdings in 2006 as a result of ( 1) any purchase by the foundation or disqualified persons after May 26 , 1969; (2) the lapse of the 5-year period ( or longer period approved by the Commissioner under section 4943 ( c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period ? (Use Schedule C, Form 4720, to determine if the foundation had excess business holdings in 2006.) N/A 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? b Did the foundation make any investment in a prior year (but after December 31, 1969 ) that could jeopardize its charitable purpose that
from
Form 990-PF (2006)
823541 01-29-07
Part VII- B I Statements Regarding Activities for Which Form 4720 May Be Required Continued
5a During the year did the foundation pay or incur any amount to: (1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945 (e))? (2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on, directly or indirectly, any voter registration dnve2 = (3) Provide a grant to an individual for travel, study, or other similar purposes (4) Provide a grant to an organization other than a charitable, etc., organization described in section 509(a )( 1), (2), or (3 ), or section 4940 (d)(2)? 0 Provide for any purpose other than religious , charitable, scientific , literary, or educational purposes, or for (5) the prevention of cruelty to children or animals 0 b if any answer is 'Yes' to 5a ( 1)-(5), did any of the transactions fad to qualify under the exceptions described in Regulations Yes No Yes No Yes 0 No Yes No
Yes No
section 53 . 4945 or in a current notice regarding disaster assistance ( see instructions)?

Organizations relying on a current notice regarding disaster assistance check here c If the answer is 'Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintained expenditure responsibility for the grants N/A If "Yes,' attach the statement required by Regulations section 53 . 4945-5(d) 6a Did the foundation , during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? b Did the foundation , during the year , pay premiums, directly or indirectly, on a personal benefit contract'? If you answered " Yes" to 6b, also file Form 8870 7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction ? ^Q Yes No
Yes No
Yes No
Information About Officers, Directors, Trustees, Foundation Managers , Highly Part VIII Paid Employees, and Contractors 0
I List all officers, directors, trustees, foundation managers and their compensation. (b) Title, and average hours per week devoted (a) Name and address to p osition (c) Compensation ( If not paid , enter -0(d)Conmbuhonsto e p oyee benefit plans and deterred compensation
(e) Expense accoun t , other allowances
SEE STATEMENT 7
303 362. 77 , 109.
0.
2 Compensation of five highest-paid employees (other than those included on line 1). If none, enter "NONE." (b Title and average (a) Name and address of each employee paid more than $50,000 (c) Compensation hours per week devoted to p osition
(rd?Contdbutlonsto a poyeebenefitplans non compen
(e)E xp ense account, other allowances
MARY FANT DONNAN PROGRAM OFFIC ER 810 CLOVELLY ROAD , WINSTON-SALEM , NC 40.00 71 BARBARA ROOLE PROGRAM OFFIC ER 454 PEYTON COURT , WINSTON-SALEM , NC 40.00 54 JOY VERMILLION HEINSOHN PROGRAM OFFIC ER 5041 FLEETWOOD CIRCLE , WINSTON-SALEM , 40.00 57 JOSEPH D CROCKER IR OF OPERAT IONS 3600 CHERRY LAUREL CRT , WINSTON-SALE M 40.00 120
, 300. , 850. , 300. 800.
25 , 226. 12 , 232. 12 , 716. 35,359.
Total number of other employees paid over $50,000
0 Form 990-PF (2006)
623551 01-29-07
Form 990-PF (2006) 58-6038145 Z. SMITH REYNOLDS FOUNDATION, INC. Information About Officers, Directors , Trustees, Foundation Managers , Highly Part VIII -Paid Employees , and Contractors Continued 0
3 Five'highest - paid independent contractors for professional services . If none , enter " NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service
Page 7
(c) Compensation
BROOKS , PIERCE , MCLENDON , HUMPHREY & LEONARD 230 NORTH ELM ST. , SUITE 2000 , GREENSBORO , NC LEGAL SERVICES PUBLIC RELATIONS & RALPH SIMPSON & ASSOCIATES 27102 V IDEO PRODUCTIONS P 0 BOX 194 , WINSTON-SALEM , NC STRATEGIC BUSINESS JFK CONSULTING GROUP INC 2710 P LANNING & ASSESSME 2950 HOPE VALLEY ROAD , WINSTON-SALEM , NC
58 , 415. 82 , 279. 129 654.
Total number of others receiving over $50,000 for p rofessional services
Part IX-A I Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1SEE STATEMENT 10
925 020.
2
Part IX- B I Summary of Program - Related Investments

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE
All other program-related investments. See instructions. 3 NONE
Total. Add lines 1 through 3
0.
Form 990-PF (2006)
623561 01-29-07
Form 990-PF (2006) Part X

1
Z.
SMITH REYNOLDS FOUNDATION,
INC.
58-6038145
Page 8
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions)
Fair`market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes: a Average monthly fair market value of securities b Average of monthly cash balances c Fair market value of all other assets
1a lb 1c
12
, 325 , 978. 53 , 106.
d Total (add lines la, b, and c)

e Reduction claimed for blockage or other factors reported on lines la and 1c (attach detailed explanation) le 0. 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line l d 4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 6 Minimum investment return . Enter 5% of l ine 5 Distributable Amount (see instructions) (Section 4942(1)(3) and (j)(5) private operating foundations and Part XI foreign organizations check here ^ 0 and do not complete this part.) 1 2a b c 3 4 5 6 7 Minimum investment return from Part X, line 6 Tax on investment income for 2006 from Part VI, line 5 2a Income tax for 2006. (This does not include the tax from Part VI.) 2b Add lines 2a and 2b Distributable amount before adjustments. Subtract line 2c from line 1 Recoveries of amounts treated as qualifying distributions Add lines 3 and 4 Deduction from distributable amount (see instructions) Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
1d
12 , 379 , 084 .
0 .
3
4 5
12 , 379 , 084 .
185 , 686 .
12
, 193 , 398 .
609.670 .
6
certain
1 11 , 846.
2c
609 , 670.
11 , 846 .
3 4 5
6 7
597 , 824 . 41 , 695 . 639 , 519 .

0 . 6 3 9 . 519 .
Part XII Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 b Program-related investments - total from Part IX-B 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 3 Amounts set aside for specific charitable projects that satisfy the: a Suitability test (prior IRS approval required) b Cash distribution test (attach the required schedule) 4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part X111, line 4 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1% of Part I, line 27b 6 Adjusted qualifying distributions . Subtract line 5 from line 4 Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the 4940(e) reduction of tax in those years 1
is lb 2 3a 3b 4
19 , 522 , 989.
97
0. 712.
19 , 620 , 701.
0. 5 6 19 , 620 , 701. foundation qualifies for the section
Form 990-PF (2006)
823571 01-29-07
0'
Form 990-PF (2006 ) Part XIII
Z.
INC.
58-6038145
Page 9
Undistributed Income (see instructions)

(a) Corpus (b) Years prior to 2005 (c) 2005 (d) 2006
I
2
Distributable amount for 2006 from Part Xl, line 7

Undistributed income , if any, as of the end of 2005 a Enter amount for 2005 only
639 519. 0. 0.
b Total for prior years: 3 Excess distributions carryover, if any, to 2006: a From 2001 b From 2002 c From 2003 d From 2004 e From 2005 f Total of lines 3a through e 4 Qualifying distributions for 2006 from Part Xll, line 4 : 10, $ 19 , 6 2 0 , 7 01 a Applied to 2005, but not more than line 2a b Applied to undistributed income of prior years (Election required - see instructions) c Treated as distributions out of corpus (Election required - see instructions) d Applied to 2006 distributable amount
e Remaining amount distributed out of corpus 5 Excess distributions carryover applied to 2006
of an amount appears in column (d), the same amount must be shown in column (a) )
0. 0. 639 519. 1 0.
6 Enter the net total of each column as indicated below:

a corpus Add lines 3f, 4c, and 4e Subtract line 5
1 0.
b Prior years' undistributed income. Subtract line 4b from line 2b c Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed d Subtract line 6c from line 6b. Taxable amount - see instructions e Undistributed income for 2005. Subtract line 4a from line 2a. Taxable amount - see instr. f Undistributed income for 2006. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2007 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(g)(3) 8 Excess distributions carryover from 2001 not applied on line 5 or line 7
0. 0. 0. 0. 81,182.
9 Excess distributions carryover to 2007. Subtract lines 7 and 8 from line 6a

10 Analysis of line 9: a Excess from 2002 b Excess from 2003 c Excess from 2004 d Excess from 2005
823581 01-29-07
Form 990-PF (2006)
Form I tart MY
10 N/A
ynyate op erating 1-ounciatlons (see instructions and Part VII-A, question 9) 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2006, enter the date of the ruling ^ b Check box to indicate whether the foundation is a p rivate Tax year 2 a Enter the lesser of the adjusted net Prior 3 yeas (a) 2006 (b) 2005 (c) 2004 income from Part I or the minimum
or 2003
4942(1)(5) ( e)TotaI
investment return from Part X for each year listed b 85% of line 2a c Qualifying distributions from Part XII, line 4 for each year listed d Amounts included in line 2c not used directly for active conduct of exempt activities e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c 3 Complete 3a, b, or c for the alternative test relied upon: a "Assets" alternative test - enter: (1) Value of all assets (2) Value of assets qualifying under section 4942(j)(3)(B)(i) b 'Endowment' alternative test - enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed c 'Support' alternative test - enter: (1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) (2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) (3) Largest amount of support from an exempt organization
Part XV I Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time du ring the year-see page 28 of the instructions.)
1 Information Regarding Foundation Managers: a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).) b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
NONE 2 Information Regarding Contribution , Grant, Gift, Loan, Scholarship , etc., Programs:
Check here ^ L1 if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d. a The name, address, and telephone number of the person to whom applications should be addressed:
SEE STATEMENT 8
b The form in which applications should be submitted and information and materials they should include: c Any submission deadlines: d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:
623601/01-2e-07
Form 990-PF (2006)
Form 990-PF (2006)
on
3 Grants and Contributions Paid During the Year or Anoroved for Future Payment If recipient is an individual, Recipient Foundation show any relationship to status of any f oun d a t ion manager Name and address ( home or business ) recipient or substantial contributor a Paid during the year Purpose of grant or contribution
Amount
GRANTS PAID SEE STATEMENT
11
16605740.
Total
b Approved for future payment
^ 3a
16605740. 11879015.
FUTURE PAYMENTS SEE
STATEMENT 12
Total 823811/01-29-07
^ 3b 1 11879015. Form 990-PF (2006)
Form 990-PF (2006) Part XVI-A
Z.
INC.
58-6038145
Pane 12
Analysis of Income-Producing Activities

Unrelate d business income (a) Business code (b) Amount
Exclu ded b y section 512 , 513 , or 514 (e)
Enter gross amounts unless otherwise indicated . 1 Program service revenue:

a
E^Sion code
(d) Amount
Related or exempt function income
b c d e
f g Fees and contracts from government agencies 2 Membership dues and assessments
3 Interest on savings and temporary cash investments

4 Dividends and interest from securities 5 Net rental income or (loss) from real estate: a Debt-financed property b Not debt-financed property 6 Net rental income or (loss) from personal property 7 Other investment income
14
591 , 206.
8 Gain or (loss) from sales of assets other than inventory

9 Net income or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue: a b
18
1 , 070.
c
d
e
12 Subtotal. Add columns (b), (d), and (e) 13 Total . Add line 12, columns (b), (d), and (e) (See worksheet in line 13 instructions to verify calculations.) 0. 592 , 276. 1 13 0.
592,276.
Part XVI- B
Line No . r
Relationship of Activities to the Accomplishment of Exempt Purposes
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes).
Form 990-PF (2006)
Form 990-PF (2006) Z. SMITH REYNOLDS FOUNDATION, INC. 58-6038145 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Part XV11
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a noncharitable exempt organization of. (1) Cash (2) Other assets b Other transactions: (1) Sales of assets to a noncharitable exempt organization (2) Purchases of assets from a noncharitable exempt organization (3) Rental of facilities, equipment, or other assets
Page 13
Yes No
la(l) 1a 2 Ib ( l ) M b(2)
X X X X X X X X X
(4) Reimbursement arrangements (5) Loans or loan guarantees (6) Performance of services or membership or fundraising solicitations Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c If the answer to any of the above is 'Yes, complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in
2a Is the foundation directly or indirectly affiliated with , or related to, one or more tax-exempt organizations described to section 501 ( c) of the Code ( other than section 501(c)(3 )) or in section 5279 El Yes b It "Yes, complete the followmp schedule. (b) Type of organization (a) Name of organization (c) Description of relationship
0 No
N/A
Under penalties of perjury
we that I
e ex
ed this return, including accompanying schedules and statements , and to the best of my knowledge and belief , it is true , correct,
and complete Declarpit n of preparer (o
th
payer or fiduciary) i
on all information of which preparer has any knowledge n 1
Signature of officer or L
CL
stee
Jee ,&<
Preparer's E signature
SM MCGL EY INC. ' 230 N ELM ST STE 1100 address, and ZIP code GREENSBORO , NC 27401
Rim' s name (or yours ifsefemployed)
523822 01-29-07
Schedule B
(Form 990, 990 -EZ, or 990 - PF) Department of the Treasury Internal Revenue Serv i ce Name of organization 7. gMTrPW
Schedule of Contributors
Supplementary Information for line 1 of Form 990, 990 - EZ, and 990-PF ( see instructions)
OMB No 1545-0047
2006 Employer identification number
RTi'. VTT(1T.flC
F fTTATTIATTrIAT
TAT
q. S2 _ C r1 101 A q.
Organization type(check one)Filers of: Form 990 or 990-EZ Section: 0 501(c)( ) (enter number) organization
4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization Form 990-PF 501(c)(3) exempt private foundation Q 4947(a)(1) nonexempt chantable trust treated as a private foundation 501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule. (Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule-see instructions) General Rule For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contributor. (Complete Parts I and II.) Special RulesFor a section 501(c)(3) organization filing Form 990, or Form 990-EZ , that met the 33 1/3% support test of the regulations under sections 509 (a)(1)/170 (b)(1)(A)(vi), and received from any one contributor , during the year , a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and II.) For a section 501(c)(7), (8), or ( 10) organization filing Form 990 , or Form 990 - EZ, that received from any one contributor , during the year, aggregate contributions or bequests of more than $ 1,000 for use exclusively for religious, charitable , scientific , literary , or educational purposes , or the prevention of cruelty to children or animals . (Complete Parts I, II, and III.) For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than $1,000. (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more during the year) 100. $ Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF) LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990, Form 990-EZ, and Form 990-PF.
Schedule B (Form 990 , 990-EZ, or 990 - PF) (2006)
823451 03-19-07
Schedule B (Form 990. 991 Name of organization
Employer identification number
Part I (a) No.
Contributors (See Specific Instructions.) (b) Name , address, and ZIP + 4 (c) Ag gregate contributions (d) Type of contribution
W.N.
REYNOLDS TRUST
Person
Payroll
Ell
P. O. BOX 3099
WINSTON-SALEM,
(a) No.
$
NC 27150
10,940,404.
Noncash
(Complete Part II if there is a noncash contribution )
(b) Name , address, and ZIP + 4
(c) Aggregate contributions
(d) Type of contribution
Z.
SMITH REYNOLDS TRUST
Person
Payroll
Ell
P.O. BOX 2257

BALTIMORE,
(a) No.
8,783,445.
Noncash
(Complete Part II if there is a noncash contribution.)
MD 21203
(b) Name , address , and ZIP + 4 (c) regate contributions
(d) Type of contribution Person Payroll Noncash (Complete Part II if there is a noncash contnbution.)
(a) No.
(b) Name , address , and ZIP + 4
(d) Type of contribution Person Payroll Noncash (Complete Part II if there is a noncash contnbution.)
(a) No.
(b) Name , address, and ZIP + 4
(d) Type of contribution Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.
(b) Name , address , and ZIP + 4
(d) Type of contribution Person Payroll Noncash (Complete Part II if there is a noncash contribution
623452 01-18-07
Schedule B (Form 990 . 990-EZ . or 990-PF 1 (2006)
Z.
INC.
58-6038145
FORM 990-PP
LEGAL FEES
STATEMENT
DESCRIPTION BROOKS, PIERCE, MCLENDON, HUMPHREY, & LEONARD P.O. DRAWER U GREENSBORO, NC 27402 TO FM 990-PF , PG 1, LN 16A
(A) EXPENSES PER BOOKS
(B) NET INVESTMENT INCOME
(C) ADJUSTED NET INCOME
(D) CHARITABLE PURPOSES
0. 0. 0. 58,415. 58,415.
0. 0. 0. 0. 0.
0. 0. 0. 58,415. 58,415.
STATEMENT(S)
Z.
INC.
58-6038145
FORM 990-PF
ACCOUNTING FEES
STATEMENT
DESCRIPTION MCGLADREY & PULLEN, LLP 230 NORTH ELM STREET, ST
(A) EXPENSES PER BOOKS 0.
0. 0. 0. 0.
0. 0. 20,000. 20,000.
1100 GREENSBORO, NC 27402-2470 TO FORM 990-PF, PG 1, LN 16B
0. 20,000. 20,000.
STATEMENT(S)
Z.
INC.
58-6038145
FORM 990-PF
TAXES
STATEMENT
DESCRIPTION OTHER TAXES FEDERAL EXCISE TAX TO FORM 990-PF, PG 1, LN 18
(A ) EXPENSES PER BOOKS
58,685. 11,782. 70,467.
0. 0. 0.
58,685. 0. 58,685.
STATEMENT(S)
Z.
INC.
58-6038145
STATEMENT
FORM 990-PF
OTHER EXPENSES
DESCRIPTION BANK CHARGES STATE ADVISORY PANEL CONSULTANT FEES AND EXPENSES COPYING DUES TECHNOLOGY COSTS
OFFICE AND AUTO INSURANCE INTERN EXPENSE MAINTENANCE - OFFICE MACHINES
(A) EXPENSES PER BOOKS
130. 40,063. 33,968. 11,235. 42,236. 51,025. 17,561. 413. 42,843. 19,262. 10,382. 1,410. 13,342. 6,339. 11,726. 18,430. 18,852. 169,907. 155,195. 599,918. 1,264,237.
0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0.
130. 40,063. 33,968. 11,235. 42,236. 51,025. 17,561. 413. 42,843. 19,262. 10,382. 1,410. 13,342. '6,339. 11,726. 18,430. 18,852. 169,907. 155,195. 599,918. 1,264,237.
MISCELLANEOUS POSTAGE PUBLICATIONS/SUBSCRIPTIONS OFFICE SUPPLIES

WRITING PROJECTS MAINTENANCE - AUTOS GRANT EVALUATIONS TELEPHONE
SABATICAL PROGRAM
NANCY SUSAN REYNOLDS AWARDS CONFERENCES, MEETINGS & OTHER DIRECT CHARITABLE ACTIVITIES
TO FORM 990-PF,
PG 1, LN 23
STATEMENT(S)
Z.
SMITH RgYNOLDS FOUNDATION,
INC.
58-6038145
FORM 990-PF
OTHER FUNDS
STATEMENT
DESCRIPTION UNDISTRIBUTED INCOME TOTAL TO FORM 990-PF, PART II, LINE 29
(A) BEGINNING OF YEAR
(B) END OF YEAR
18,844,796. 18,844,796.
19,559,108. 19,559,108.
STATEMENT(S)
Z.
INC.
58-6038145
FORM 990-PF'
OTHER INVESTMENTS
STATEMENT
DESCRIPTION RETIREMENT FUND PURCHASE PLAN TOTAL TO FORM 990-PF, PART II, LINE 13
BOOK VALUE 94,000.
FAIR MARKET VALUE
137,937. 137,937.
94,000.
STATEMENT(S)
Z.
INC.
58-6038145
FORM 990-PF
PART VIII - LIST OF OFFICERS, DIRECTORS TRUSTEES AND FOUNDATION MANAGERS
STATEMENT
NAME AND ADDRESS THOMAS W ROSS 380 TENNEY CIRCLE CHAPEL HILL, NC 27514 PATRICIA B WILLIAMSON
TITLE AND AVRG HRS/WK
COMPENSATION
EMPLOYEE BEN PLAN EXPENSE CONTRIB ACCOUNT
EXEC DIRECTOR/SECRETARY 40.00 206,862.
57,065.
0.
ASSISTANT SECRETARY
3204 KENSINGTON PLACE

WINSTON-SALEM, NC 27103
40.00
51,500.
20,044.
0.
NANCY R BAGLEY % WA LIFE MAGAZINE
BOARD OF TRUSTEES
2301 TRACY PLACE NW

WASHINGTON, DC 20008
1.00
5,000.
0.
0.
SMITH W BAGLEY % ARCA FDN INC
BOARD OF TRUSTEES
1308 19TH STREET NW

WASHINGTON, DC 20036
1.00
0.
0.
0.
ANITA BROWN-GRAHAM
BOARD OF TRUSTEES
P 0 BOX 7406 - NCSU RALEIGH, NC 27695-7406

JOHN 0 MCNAIRY % HARVEY ENTERPRISES
1.00
5,000.
0.
0.
TREASURER
P 0 BOX 189
KINSTON, NC 28502
1.00
5,000.
0.
0.
KATHARINE B MOUNTCASTLE
BOARD OF TRUSTEES
37 OENOKE LANE
NEW CANAAN, CT 06840
1.00
0.
0.
0.
MARY B MOUNTCASTLE 4106 KILDRUMMY COURT DURHAM, NC 27705 DR. LLOYD P TATE JR % NC STATE UNIV
BOARD OF TRUSTEES 1.00
0.
0.
0.
PRESIDENT
4700 HILLSBOROUGH STREET

RALEIGH, NC 27606
1.00
5,000.
0.
0.
DANIEL CLODFELTER % MOORE & VAN ALLEN 100 NORTH TRYON ST FLOOR 47
BOARD OF TRUSTEES 1.00 0. 0. 0.
CHARLOTTE, NC
28202
STATEMENT(S)
Z.
INC. VICE PRESIDENT
58-6038145
DAVID NEAL
2010 WILSON STREET

DURHAM; NC 27705
1.00
5,000.
0.
0.
STEPHEN L NEAL
BOARD OF TRUSTEES
7913 LEWINSVILLE ROAD

MCLEAN, VA 22102
1.00
5,000.
0.
0.
JANE S PATTERSON 902 EAST FRANKLIN STREET #4 CHAPEL HILL, NC 27514 ZACHARY SMITH WINSTON-SALEM, (DECEASED) NC 27101
5,000.
0.
0.
BOARD OF TRUSTEES
147 S CHERRY ST STE 200
1.00
5,000.
0.
0.
VIRGIL SMITH 12 DUNWOODY DRIVE
5,000.
0.
0.
ARDEN, NC
28704
TOTALS INCLUDED ON 990-PF,
PAGE 6,
PART VIII
303,362.
77,109.
0.
STATEMENT(S)
58-6038145 990-PF
PAGE 10 PART XV - 2a. b. and c Z. SMITH REYNOLDS FOUNDATION, INC. INFORMATION REGARDING GRANT PROGRAMS THE FOUNDATION NO LONGER ACCEPTS PAPER GRANT APPLICATIONS. ALL INFORMATION REGARDING WHOM APPLICATIONS SHOULD BE DIRECTED, THE FORMAT OF THE APPLICATIONS AND ANY ADDITIONAL INFORMATION REQUIRED AS WELL AS SUBMISSION DEADLINES CAN BE FOUND AT THE FOUNDATION'S WEBSITE: WWW.ZSR.ORG.
PAGE 10 PART XV - 2d GRANTS ARE RESTRICTED TO CHARITABLE WORKS IN THE STATE OF NORTH CAROLINA
STATEMENT 8
Z. SMITH REYNOLDS FOUNDATION, INC. - 58-6038145 2006 DEPRECIATION - (FOR 990-PF) - PART II LINE I 1 OFFICE FURNISHINGS AND EQUIPMENT, AUTOMOBILES, AND LEASEHOLD IMPROVEMENTS COST DISPOSALS BALANCE 2006 DEP.
FURNISHINGS AND EQUIPMENT: 1967 1968 1969 1976

1977 1980
706.91 8,523.00 790.00 210.00

847.05 1,007.16
0.00 0.00 0.00 0.00

0.00 0.00
706.91 8,523.00 790.00 210.00

847.05 1,007.16
1981
1984
686.50
179.00
0.00
0.00
686.50
179.00
1985
1988 1989 1990 1991 1992 1995 1996 1997 1998 1999
118.03
2,277.10 6,767.61 6,101.09 5,868.23 1,730.00 2,563.00 0.00 14,496.42 15,650.50 10,087.00
0.00
0.00 0.00 0.00 0.00 0.00 2,124.00 0.00 0.00 7,680.00 0.00
118.03
2,277.10 6,767.61 6,101.09 5,868.23 1,730.00 439.00 0.00 14,496.42 7,970.50 10,087.00
911.24
2000
2001 2002 2003 2004 2005 2006
3,690.92
14,814.25 95,493.67 145,833.19 98,371.16 23,709.10 77,012.36
0.00
0.00 0.00 0.00 0.00 0.00 0.00
3,690.92
14,814.25 95,493.67 145,833.19 98,371.16 23,709.1 0 77,012.36 1,858.14 17,014.95 21,767.13 14,053.03 4 ,741.81 14,250.56
SUBTOTAL
537,533 .25
9,804 .00
527,729.25
74,596.86
AUTOMOBILES:
2002 Buick LaSabre-wht (purchased 12/13/01) 2004 Toyota Avalon-silver (purchased 12/23/03) 2005 Honda Accord Hybrid-silver (purchased 1/21/05)
23,850.00 31,500.00 25,000.00 20,700.00 20806.00 121,856 .00
23,850.00
0.00 31,500.00 25,000.00 20,700.00 20806.00 98,006.00 10,500.00 8,333.34 6,900.00 25 ,733.34
2006 Honda Accord Hybrid-champagne (purchased 1/3/06) other SUBTOTAL
23,850.00
s,n^9
Z. SMITH REYNOLDS FOUNDATION, INC. - 58-6038145 2006 DEPRECIATION - (FOR 990-PF) - PART II LINE 1 1 OFFICE FURNISHINGS AND EQUIPMENT, AUTOMOBILES, AND LEASEHOLD IMPROVEMENTS COST DISPOSALS BALANCE 2006 DEP.
CONTINUED
LEASEHOLD IMPROVEMENTS:
2003 2004 SUBTOTAL 7,167.64 70,712.50 77,880.14 0.00 7,167.64 70,712.50 77,880.14 1,023.94 7,382.50 8,406.44
TOTALS
33,654.00
703,615 .39
108,736.64
--m.9
58-6038145 990-PF -
Z. SMITH REYNOLDS FOUNDATION YEAR ENDED DECEMBER 31, 2006
PART IX-A - SUMMARY OF DIRECT CHARITABLE ACTIVITIES: (1) $155,195. for the NANCY SUSAN REYNOLDS AWARDS - With prior approval from the IRS, in 1986 the Foundation established awards to be given annually to up to three North Carolina residents who have shown resourcefulness in tackling problems that may have resisted traditional approaches. The awards seek out and honor unrecognized individuals who have worked to make a positive difference in North Carolina. The awards are presented each year at a luncheon ceremony attended by over 350 people. The recipients receive an award of $5,000 for personal use and they are able to designate charitable recipients to receive an additional $20,000. (2) $169,907. for the SABBATICAL PROGRAM - In 1990, with prior approval from the IRS, the Foundation established a sabbatical program for individuals in paid full-time leadership positions who have served their North Carolina nonprofit organization for at least three years. The sabbaticals were established to provide an incentive to leaders of charitable organizations to continue their charitable work, and to improve and enhance their leadership capacity, skills, and talents. Each recipient is awarded $15,000, some of whom will not take their sabbaticals until 2006. (3) $599,918 for SPECIAL PROJECTS, CONFERENCES AND MEETINGS: (A) $137,450. for meetings/conferences on issues relating to judicial selection and independence, administration of the death penalty, education policy, voting , rural economic development, the future of the Council on Foundations , philanthropy, civic education , social capital and grassroots organizing. (B) $859. to support anti-racism and diversity training for staff of the Foundation. (C) $14,680. for meetings/conferences on issues relating to the environment including water quantity, open space preservation, and collaborations among environmental organizations. (D) $42,289. - Good Government/Campaign Finance Reform - The Foundation began a project in 1999 to study and educate the people of North Carolina about good government and campaign finance reform issues. In 2002, the Foundation expanded the project to support training and education for legislators, particularly for newly-elected members. In 2004 and 2005, funds were expended to support training programs for new legislators, issue education for legislators and meetings relating to campaign finance reform and other policy questions. (E) $30,813. to support a special project of the Foundation designed to improve the delivery of professional development to teachers and strengthen schools, particularly those in low-wealth areas of the state. The project works with and provides support to the State's Education Cabinet. (F) $31,141. for meetings/conferences with other grantmakers to discuss ways to strengthen nonprofit organizations serving the Immigrant population in North Carolina and working to address issues of racial justice. (G) $15,000. for meetings and research on issues related to the National faith-based initiative and support of faith-based non-profit organizations. STATEMENT 10 PAGE 1 OF 2
(H) $66,506.. for meetings, conferences, retreats and research on strategic issues, policy development and planning for future use of the Foundation's resources. (I) $36,489. for meetings/conferences for grantees relating to organizational development, fundraising, and other issues affecting non-profit operations.
(J) $34,436. for meetings and research on issues facing women in North Carolina , including economic exclusion , violence at home and in the workplace and the need for leadership development. (K) $61,072. for meetings /conferences on issues relating to global warming. (L) $129,183. for meetings , technical assistance and research on issues related to the performance of community development corporations in rural communities.
STATEMENT 10 PAGE 2 OF 2
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145
GRANTS PAID - 2006

Action for Children North Carolina Advantage West 1300 St Mary's Street, Ste 500 Raleigh, NC 27605 The Center for Assessment & Research Alliances (CARA) Mars Hill College Campus Box 6711 100 Athletic Street Mars Hill, NC 28754 For general operating support to inform the policy debate with research and data and recommend policy changes to improve child well-being For general operating support for Blue Ridge Food Ventures, L L C (BRFV) during its operational development phase 85,000
50,000
Affordable Housing
Coalition of Asheville
34 Wall Street
Suite 607
For'Mi Casa', a project designed to provide homeownership counseling for the

Latino community
20,000
and Buncombe
County, Inc.
Asheville, NC 28801
Agricultural
206 New Bern Place
For general operating support
25,000
Resources Center
Raleigh, NC 27601
Alliance for Children and Youth
P 0 Box 1695 Gastonia, NC 28053
Southwest Civic Education Program to develop effective citizenship and provide a unique opportunity for students to participate in a service-learning
project
2,600
American Civil Liberties Union Fdn of America
P 0 Box 28004 Raleigh, NC 2761 1-8004
To provide Muslim/Middle Eastern communities with civil liberties education and train a network of attorneys to provide legal representation to this community
65,000
American Farmland Trust
24 Court Square, NW, Ste 203 Graham, NC 27253
30,000
American Indian Mothers, Inc.
P 0 Box 425 Shannon, NC 28386
For administrative and technical support to assist underserved, underemployed and socially disadvantaged agricultural populations with economic development through AIM l's Three Sister Agricultural Co-op and Morning Star Restaurant For general operating support for work in Mecklenburg County
30,000
American Institute for Social Justice, Inc.
2028 Woodland Dr, Unit D Charlotte, NC 28205
35,000
American Judicature
Society
2700 University Avenue

Des Moines, IA 50311
To create the new Institute for Justice-System Improvement
75,000
American Rivers
1101 14th Street N W Suite 1400 Washington, DC 20005-5637 1516 Market Street Wilmington, NC 28401
To protect and restore the Yadkin and Pee Dee rivers through hydropower dam licensing
30,000
Amigos International
For general operating support to hire a program director to assist the Latino population in becoming an intergral part of the community
30,000
Appalachian Sustainable Agriculture Project
729 Haywood Rd , Suite 3 Asheville, NC 28806
For the Local Food Campaign, board transition and development, and the creation of a regional farmers' market
35,000
3,000 To promote greater access to sustainably -grown healthy local food to underserved populations through Farm to School program STATEMENT 11
GRANTS PAID - 2006

Appalachian Voices 703 W King Street, Suite 105 Boone. NC 28607 To improve North Carolina's air quality by reducing pollution from upwind states and monitoring CSA implementation and other pollution sources 25,000
Ashe County Partnership for
626-Unit 1, Ashe Central School Rd Jefferson, NC 28640
To continue implementation of the Success Highway IDA Program
24,000
Children
For a shared-use, commercial kitchen to serve Ashe, Alleghany, Wilkes, and Watauga counties 30,000
To provide general support for the domestic violence program , A Safe Home
for Everyone
25,000
Asheville Art Museum

Association , Inc.
P O Box 1717
Asheville , NC 28802- 1717
To be used for staff salaries and the creation of workbooks for students as this
organization attempts to expand its professional development opportunities to
20,000
middle school math teachers Bayboro Development Center, Inc. P 0 Box 84 Bayboro , NC 28515 For general operating support to continue its home development, home repair, and homebuyer assistance programs 25,000
Bertie County
P 0 Box 643
Jackson , NC 27845
To hire an assistant director for the Domestic Violence Offender Program
35,000
Bill of Rights Institute
200 N Glebe Rd , Suite 1050 Arlington , VA 22203
To conduct The Bill of Rights for Real Life training program for approximately 50 Charlotte history and civics teachers
10,000
Black Farmers and Agriculturalists

Association
P 0 Box 61 Tillery, NC 27887-0061
To promote self-sufficiency and economic growth for black farmers through the 8th National Black Land Loss Summit and First Black Ag-Expo.
3,000
Blue Ridge
Environmental
P 0 Box 88
Glendale Springs , NC 28629
For general operating support to launch its Healthy Communities project and
expand its zero waste work
60,000
Defense League Blue Ridge Resource Conservation and Development Council 1081-2 Old US Highway 421 Sugar Grove , NC 28679 For a project manager for the Wilkes/Watauga Landfill Gas projects and the Regional Solid Waste Management Initiative 20,000
Blue Ridge Women in Agriculture
P 0 Box 67 Boone, NC 28607 Watauga P 0 Box 157 Raeford , NC 28376
To support the Food Systems Conference that will help the High Country community establish a community-based food system , creating economic opportunity for low-resource farmers For general operating support to engage in community revitalization , housing counseling and new housing development
3,500
Blue Springs -Hoke County Community Development Corporation
25,000
To implement a comprehensive community assessment to develop a housing strategy for Hoke County
3,500
GRANTS PAID - 2006

Boys and Girls Clubs 701 N Raleigh Blvd Raleigh , NC 27610 For Leadership East Wake to ensure engaging program and conditions for youth success 6,650
Bruce Irons Camp Fund
c/o Communities in Schools 601 East 5th St . Suite 300 Charlotte, NC 28202 P O Box 52482 Durham, NC 27717-2482
2006 Nancy Susan Reynolds Award desginated by Willie Ratchford
2,500
Bull City Neighborhood

Builders
To develop and implement a multifaceted program to train unemployed and underemployed residents of Durham in construction skills
25,000
Cape Fear Resource Conservation and Development Carolina Farm Stewardship

Association
201 North Front St . Suite 612 Wilmington, NC 28401
To begin adaptive reuse of Bladen County African American high school for educational and cultural community center
6,000
P 0 Box 448 Pittsboro, NC 27312
For general operating support to enhance development activities
10,000
Carolina Justice
Policy Center
P 0 Box 309
Durham. NC 27701
For general operating support to advocate for greater use of alternatives to

incarceration, more resources for community corrections programs, and for
20,000
enactment of a death penalty moratorium
Carolinas Clean Air Coalition
Winthrop University, Department of Political Science, 336 Bancroft Hall Rock Hill, SC 29730
For general operating support to continue building administrative capacity and outreach support
20,000
Catawba Lands Conservancy
105 W Morehead St , Suite B Charlotte, NC 28202-1815
For the North Carolina Open Space Protection Collaborative, Years 2 and 3
25.000
Catawba College
2300 West times Street

Salisbury, NC 28144
For general operating support to continue building administrative capacity and

outreach support
25,000
Catholic Social Services of the Roman Catholic Diocese of Charlotte, NC
P 0 Box 21314 Winston-Salem, NC 27120
For general operating support for its Lau no/Hispanic oriented community support work - Casa Guadalupe, a subsidiary of the Catholic Social Services of the Roman Catholic Diocese of Charlotte
25,000
Center for Community Action
P 0 Box 723 Lumberton, NC 28359
To improve the social, economic, political, environmental and educational conditions in Robeson County
50,000
For the implementation phase of the Women's Economic Equity Project
50,000
Center For Death Penalty Litigation
201 West Main St, Suite 301 Durham, NC 27701
To raise public awareness about problems with the administration of the death penalty
55,000
Center for Dialogue
P 0 Box 1205 Brevard, NC 28712
To provide nonprofit practitioners an opportunity to reflect upon their growth and to re-integrate their sense of purpose and calling within the context of work
30,000
G RANTS PAID - 2006

Center For Diversity Education I University Heights. CPO 1940 Asheville, NC 28801
2005 NSR Award designated by Deborah Miles
16,400
Center for Documentary Studies at Duke
1317 W Pettigrew St Durham , NC 27705
For Passionate Citizens A Youth Noise Network Documentary Project connecting young people to Durham's active civic culture through the documentary process For general operating support to allow work to strengthen small grassroots groups in low-wealth and marginalized communities throughout Western North Carolina Recruiting and retaining teachers for hard-to-staff schools and assessing what works
8,207
Center for Participatory Change, Inc.
P 0 Box 9238 Asheville, NC 28815
60,000
Center for Teaching Quality (formerly Southeast Ctr for Teaching Quality)
500 Millstone Drive Suite 102
30,000
Hillsborough, NC 27278
Child and Parent Support Services
Center for Child & Family Health 3518 Westgate Drive
To train staff at domestic violence shelthers to identify and respond to the needs of children
100,000
Suite 100
Durham, NC 27707 Christians for a United Community P. O Box 2957 Asheville, NC 28802 To help churches and the community unite to dismantle the root causes of racism and disparity 30,000
Citizens Against Domestic Violence
P 0 Box 938 Warrenton, NC 27589
For general operating support to educate the community about the effect of domestic violence and sexual assault
15,000
Clean Water for NC
29 1/2 Page Avenue Asheville, NC 28801
To provide experiential training in stream restoration and energy conservation to 6-8 urban youth
5,000
For general operating support to promote clean, safe water and dust communities
25,000
Common Cause Education Fund
19 West Hargett Street, #602 Raleigh, NC 27601
To help fund its NC Democracy Project
25,000
For general operating support to support its NC chapter
100,000
Community Alliance for Education
8011 North Point Blvd. Suite G Winston-Salem, NC 27106
20,000
Community Developers of Beaufort -Hyde, Inc. Community Empowerment Project, CDC Community Reinvestment Assoc. of NC
P 0 Box 115 Belhaven , NC 27810
For general operating support to improve organizational operations
20,000
P 0 Box 1623 Forest City. NC 28043
For general operating support to focus on affordable housing and entrepreneurial training
30,000
110 E Geer St, Unit # 3 Durham , NC 27701
For general operating support and match for a Ford Foundation grant on manufactured housing reform
50,000
GRANTS PAID - 2006

Concerned Citizens of Tillery P 0 Bor 61 Tillery. NC 27887 To support the organization ' s environmental justice initiatives 25,000
To support community outreach and economic growth through website revision and video production about the historic Tillery community
4,250
To support community outreach and civic awareness training in Halifax County
3,500
Connectinc., Inc.
110 Fountain Part. Drive, Suite A-2
For the TEACH Central Project to increase first and second year teacher
40,000
Battleboro, NC 27809
retention in eastern NC
Conservation Council of North Carolina

Foundation
P 0 Box 12671 Raleigh, NC 27605
For general operating support to build the collective power of the environmental community to assure sound environmental policy-making
20,000
Conservation Fund
P 0 Box 271
Chapel Hill, NC 27514
For general operating support to enhance the Resourceful Communities

Program
200,000
To provide seed grants of up to $15,000 to grassroots rural organizations to develop and implement 'tnple bottom line' projects that blend economic, social and environmental returns on investments.
Conservation Trust
P 0 Box 33333
To partner with the Black Family Land Trust to improve understanding among
4,250
for NC
Raleigh , NC 27636-3333
land trusts of mmonty landowner issues and expand outreach to minority landowners
For the implementation of the NC land trusts' strategic plan to expand resources , to support and improve the quality, pace and scope of land conservation , and ensure the sustainability of conservation organizations, programs and commitments Crisis Assistance Ministry Dan River Basin Association Darryl Hunt Project for Freedom and
Justice, Inc.
150,000
500-A Spratt Street Charlotte , NC 28206 628 Cedar Lane Reidsville. NC 27320 Eight West Third Street Suite 350
Winston Salem , NC 27101
5,000
25,000
For general operating support to hire a full time Re-Entry Coordinator and to assist with funding for the Executive Director's salary
40,000
Democracy NC
105 West Main Street Canboro, NC 27510 P 0 Box 8453 Rocky Mount , NC 27804
350,000
DonorsChooseNC
For general operational support to match up donors with education projects in North Carolina's low-resource communities
30,000
Down East Council on Hispanic Latino

Affairs
P 0 Box 453 New Bem, NC 28563
For general operating support predominately for organizational transformation and legal programs
20,000
GRANTS PAID - 2006

Duke University Duke Law School Box 90366 Durham. NC 27708-0364 P 0 Box 340 Tryon, NC 28782 For the social venture and policy advocacy project with CDC's in low-income communities 100,000
E-POLK
General operating support to hire an executive director to staff an innovative start-up model for a community-owned Internet access provider
35,000
Eastern NC Interfaith Worker Justice Center
103 North Florence St Maxton. NC 28364
For general support of the center which will educate, organize, and mobilize the religious community in the U S on issues and campaigns that will improve wages, benefits, and working conditions for low-wage workers
20,000
Environmental Federation of NC DBA Earth Share Environmental Federation of NC DBA Earth Share Environmental
Support Center, Inc.
P 0 Box 196 Durham, NC 27702-0196
To support workplace giving program and efforts to begin sustainable fundraising
35,000
P 0 Box 196 Durham, NC 27702-0196
For general operating support of its workplace solicitation efforts
15,146
1500 Massachusetts Ave, NW, Suite

25 Washington, DC 20005-1808
A capacity-building program offered jointly with the Institute for Conservation

Leadership
45,000
El Pueblo, Inc.
4 N Blount St , Suite 200 Raleigh, NC 27601 10279 Three Top Rd Todd, NC 28684
CB #2625 Elon, NC 27244
87,500
Elkland Art Center
To expand community outreach by design and production of mobile puppet theater

For the Haw River Conservation and Cultural Trail
5,900
Elon University
25,000
Employee Matching
Gifts
Staff charitable contributions
1,790
EnergyXchange Inc
66 EnergyXchange Dr
Burnsville, NC 28714
For incubation of wood craft enterprises, using damaged waste wood and
renewable energy
20,000
Enterprising Environmental Solutions, Inc. Episcopal Farmworkers

Ministry
22 Terminal Way Pittsburgh, PA 15219-1209
To support its work on climnate change issues in NC
75,000
P 0 Box 160 Newton Grove, NC 28366
To support English language classes that integrate economic, social and environmental information for migrant farmworkers
5,000
Equality NC Foundation (Formerly Equality NC Project)
P 0 Box 28768 Raleigh, NC 27611-8768
For general operating funds to support its ongoing educational and grassroots organizing programs for lesbian, gay, bisexual and transgender North Carolinians
25,000
GRANTS PAID - 2006

Fair Trial Initiative 201 West Main St , Suite 300 Durham, NC 27701 For general operating support to enable individuals facing the death penalty to have quality legal representation regardless of race or economic status 60,000
Families Against Mandatory Minimums
1612 K Street, NW, Suite 700 Washington. DC 20006
To educate North Carolina residents, community leaders and policymakers about the impact of harsh sentencing laws on vulnerable communities, and galvanize them for policy reform To assist migrant farm workers through education and training
50,000
Farm Labor Research Project, Inc.
1221 Broadway Street Toledo, OH 43609
25,000
Foothills Equestrian Nature Center
3381 Hunting Country Rd Tryon, NC 28782
For curriculum development for Project FENCE
10,000
Franklin -VanceWarren Opportunity, Inc.
P O Box 1453 Henderson , NC 27536
For the implementation phase of the Women' s Economic Equity Project
50,000
Foundation for a Sustainable Community
P 0 Box 2407
Chapel Hill , NC 27515-2407
To support, promote and advance the triple bottom line of community sustainability
20,000
Foundation for the University of NCCharlotte, Inc.
1930 Camden Rd, Suite 1010 Charlotte, NC 28203
To support the Urban Open Space Leadership Institute
30,000
Friends of NC State Museum of Natural Sciences
P O Box 26928 Raleigh, NC 276 1 1-6928
For expansion of the OUTREACH NC program which targets low resource counties lacking environmental education opportunities, but rich in natural resources For the Multicultural Center of Hope, a Latino center that provides information and assistance to the Latino community
100,000
Gastonia District of the United Methodist Church
540 Jones Street Stanley. NC 28164
25,000
Generation Engage
2800 Calvert St , NW Washington, DC 20008
For general operating support to engage and organize young voters and particularly to target those who are not college educated or attending college
75,000
Good Work, Inc.
115 Market St , Suite 470 Durham , NC 27701
To support for its rural entrepreneurship initiative
25,000
Granville County Government
P 0 Box 906 Oxford, NC 27565-0906
Summer Civic Leadership Institute to introduce rising tenth graders to a wide range of local government services and promote civic responsibility through coordinated presentations . hands-on learning opportunities , and a public service project
5,000
WRAP 'We Respect All People ' to enhance school climate and support a more conducive learning and teaching environment by increasing students ' mutual respect for all students. Greene Lamp, Inc. 309 Summit Avenue Kinston , NC 28501 For Operation CLEAR (Civic Leadership , Education And Responsibility) to educate youth about their civic responsibility and prepare them to be competent and responsible citizens throughout their lives
7,500
8,000
GRANTS PAID - 2006

Greensboro Parks and
Recreation
Folk Teen Center

3910 Clifton Rd
For Photovoice to show teens how to work together to build a strong community through a camera lens
5,093
Greensboro, NC 27407
Greenville Memorial 6116 Montieth Drive
2006 Nancy Susan Reynolds Award desgmated by Willie Ratchford
10,000
AME Zion Church
Charlotte, NC 28216
Guilford Child
Development
1200 Arlington Street

Greensboro, NC 27406
To improve significantly the school readiness of disadvantaged children at the local level
80,000
Guilford Education Alliance
902 Bonner Drive Jamestown , NC 27282
To create a collaborative of local education funds/organizations to address education issues on the state level with local school impact
35,000
Handmade in America Foundation
P O Box 2089 Asheville, NC 28802
To support an economic development project that will brand Mitchell County as 'home of the perfect Christmas tree' and utilize displaced local workers
5,000
Haw River Assembly
P O Box 187
Bynum , NC 27228
To support organizational capacity building and its program work for impaired waters
20,000
Helping Empower Local People
P. O Box 34008 Charlotte, NC 28234-4008
For general operating support to advance its One Charlotte campaign
20,000
Hiawassee River
1853 NC Highway 141
25,000
Watershed Coalition ,
Inc.
Murphy, NC 28906
Hinton Rural Life Center
P 0 Box 27 Hayesville, NC 28904
To build and foster structures that develop leadership and assets supporting sustainable economic renewal for the far west mountain region of NC
25,000
To start a comprehensive financial literacy program for Cherokee, Clay and Graham counties
25,000
Hispanics in Philanthropy
200 Pine Street , Suite 700 San Francisco , CA 94104
For a specific project the Funders' Collaborative for Strong Latino Communities.
500,000
Hollister REACH
P 0 Box 135 Hollister, NC 27844
To engage rural landowners in addressing the economic, social and environmental issues related to septic tanks and alternative wastewater treatment systems in Warren County For general operating support for the joint domestic violence and sexual assault program
4,750
Hope for Families Graham Domestic Violence and Sexual Assault Center
P 0 Box 2298 Robbinsville, NC 28771
25,000
Hot Springs Health Project
P 0 Box 69 Marshall , NC 28753
To produce wholesale and retail guides to increase local agriculture and craft income
3,000
GRANTS PAID - 2006

IDA and Asset Building Collaborative of NC P O Box 27386 Raleigh , NC 2761 1-7386 For ongoing efforts to build the capacity of local IDA programs and to promote state policies that support a wider range of asset building opportunities for North Carolinians 90,000
Institute for Southern Studies
P 0 Box 531 Durham, NC 27702
To develop the NC Workers' Right Report Card, and to write and publish the Public Subsidies' Report
40,000
Interfaith Partnership
for Advocacy and Reconciliation
639 South Green

Winston-Salem, NC 27101
For general operating support for the Institute for Dismantling Racism
30,000
Jewish Community
Center
236 Charlotte Street

Asheville, NC 28801
2005 NSR Award designated by Deborah Miles.
1,800
Kidsenses, Inc.
P 0 Box 150 Rutherfordton, NC 28139
For science education professional development focused on a seven-county rural region
50,000
Land-of-Sky Regional Council
25 Heritage Drive Asheville, NC 28806
To develop a framework for a comprehensive Mountain Ridge and Slope Protection Program in western North Carolina
40,000
Latino Advocacy
505-B Brookside Camp Rd
For general operating support to partially finance the salaries of the executive
20,000
Coalition of Henderson County
Hendersonville, NC 28792
director, development and outreach coordinator and an administrative assistant.
Latino Community Development Center
201 W Main Street Durham, NC 27701
To provide on-going operating support to help it better serve its membership, increase its product offerings and become financially self-sustainable
200,000
Legal Aid of NCRaleigh
224 South Dawson St Raleigh, NC 27601
150,000
For the Forclosure Defense Project
125,000
Legal Aid Society of Northwest NC
216 West Fourth Street Winston-Salem, NC 27101
To provide civil legal services to the growing immigrant population in Piedmont North Carolina through the Immigrant Outreach Project
30,000
Legal Services of Southern Piedmont
1431 Elizabeth Avenue Charlotte, NC 28204
To provide legal assistance and representation to immigrants in North Carolina through Justice for All Project
15,000
To provide immigration and other legal assistance for immigrants in western NC through the Justice for All Project
15,000
Little Tennessee Watershed Association Local Initiatives Support Corporation
16 Stewart Street Franklin, NC 28734
To facilitate the development of a community-led, long-term vision for the future of the watershed
20,000
40,000
GRANTS PAID - 2006

For the work of the Winston-Salem CDC Funders' Collaborative to launch a new effort for local funders to work together to increase the production of
Forsyth County community development entities
50,000
M.E.3, Inc.
P 0 Box 10683 Raleigh, NC 27605-0683
For general operating support for organizational assistance and growth of volunteerism
5,000
MDC, Inc.
P 0 Box 17268 Chapel Hill, NC 27516-7268
For the Latino Pathways Initiative
50,000
To help poor working families access tax credits, free tax preparation, and link to asset-building programs
75,000
Mountain Microenterprise Fund
29 1/2 Page Avenue Asheville, NC 28801
45,000
NARAL Pro-Choice North Carolina Foundation
514 Daniels St, #142 Raleigh, NC 27605
For general operating support to reduce the need for abortion by increasing access to family planning services, affordable birth control and comprehensive age appropriate sex education
100,000
National Audubon Society
123 Kingston Drive, Suite 206A Chapel Hill, NC 27514
For its Coastal Conservation Initiative in North Carolina
45,000
National Organizers
Alliance
314 Wright Street

Wilmington, NC 28401
To conduct enrollment outreach to non-profit groups in North Carolina and

provide education on retirement savings of the NOA Retirement Pension Plan
40,000
National Parks and Conservation Association
Southeast Regional Office7O6 Walnut, Suite 200 Knoxville, TN 37902
To focus on three of North Carolina's national parks (Cape Hatteras, the Blue Ridge Parkway and the Great Smoky Mountains) and negotiate the best plan of action to address controversial issues affecting these natural areas
25,000
Nature Conservancy
4705 University Dr., Suite 290 Durham, NC 27707
For the Land for Tomorrow project, to increase public funding for land and heritage conservation in NC
400,000
NC Academy of Trial Lawyers Foundation, Inc. NC Association of Black Lawyers' Land Loss Prevention Project
P O. Box 10918 Raleigh, NC 27605
To support the Wade Edwards High School Mock Tnal Program
20,000
For general operating support to assist limited resource and financailly distressed land owners
40,000
NC Association of County Directors of Social Services, Inc.
3824 Barrett Dr, Suite 102 Raleigh. NC 27609
To strengthen the capacity of local county departments of social services to deliver effective services to families and children
20,000
To build and institutionalize the infrastructure essential for going to scale with the philosophy and framework of Family Net
25,000
10
GRANTS PAID - 2006

NC Center for International Understanding 412 N Wilmington St Raleigh , NC 27601 For general operating support to create and implement a comprehensive business plan that will address the Center' s operations, financial systems, market position and staffing patterns 20,000
For the Latino Initiative project for public policy leaders
40,000
NC Center for Nonprofit Organizations
1110 Navaho Drive, Suite 200 Raleigh , NC 27609-7322
250,000
NC Center for Voter Education
19 West Hargett Street, Suite 310 Raleigh, NC 27601
300,000
NC Center on Actual Innocence
Post Office Box 52446 Shannon Plaza Station

Durham , NC 27717
To support the work evaluating and investigating NC inmates' claims of actual innocence
40,000
NC Coalition of Rural and Farm Families
351 Wagoner Dr , Suite 410 Fayetteville, NC 28303
To support outreach and educational efforts to ensure that mtnonty farmers and landowners build capacity and have access to funding and technical assistance programs
3,000
NC Coastal Federation, Inc.
3609 Hwy 24 (Ocean) Newport, NC 28570
For general operating support to protect and restore North Carolina's coast
200,000
NC Conununity Development Initiative
P 0 Box 98148 Raleigh , NC 27624
900,000
NC Community Shares
For general operating support to generate resources for progressive nonprofit organizations throughout the state
20,000
NC Conservation Network
112 S Blount Street Raleigh , NC 27601
For general operating support to strengthen the environmental community and win protections for NC's air, water, and quality of life
65,000
NC Council of Churches
1307 Glenwood Ave , Suite 156 Raleigh , NC 27605
To the Climate Connection project
20,000
NC Department of Juvenile Justice and Delinquency Prevention
1801 Mail Service Center Raleigh , NC 27699-1801
To create an alternative to suspension tool kit that will contain information about national, state and local alternatives to suspension programming
15,000
NC Environmental Defense
4000 Westchase Blvd, Suite 510 Raleigh , NC 27607
For general operating support to reduce global warming pollution and create sustainable energy policies; to protect and restore key ecosystems, and to rebuild the state's fisheries and marine resources
390,000
To hire the expertise necessary to prepare selected economic analyses that will develop a strong economic and environmental case for transitioning the hog industry in North Carolina to Environmentally Superior Technologies (ESTs)
35,000
11
GRANTS PAID - 2006

NC Housing Coalition 224 South Dawson St Raleigh, NC 27601 General operating support for advocacy and education work to ensure access to safe, decent and affordable housing 80,000
NC Institute for
225 Hillsborough St , Suite 280
25,000
Constitutional Law
Raleigh. NC 27603
NC Institute of Minority Economic Development
For general operating support to continue it current advocacy efforts and to begin two new projects designed to increase the capacity of minority business owners
75,000
NC John Muir Foundation
NC Sierra Club 112S Blount St Suite B
35,000
Raleigh, NC 27601 NC Justice and Community

Development Center
P 0 Box 28068 Raleigh, NC 27611-8068
For general operating support to enable the Justice Center to continue its antipoverty advocacy efforts on behalf of North Carolina's poor.
750,000
To support a coalition of state-level advocacy organizations working to create

a better, fairer, healthier North Carolina
250,000
To support the Blueprint NC communications, civic engagement and operational activities
250,000
For general operating support NC Minority Support Center NC Minority Support Center P 0 Box 2086 Durham, NC 27702-2086 3739 National Drive Suite 100 Raleigh, NC 27612 112 S Blount Street, Suite 102 Raleigh, NC 27601 For general operating support needed dunng this time of reshaping the entire North Carolina CDCU industry
750,000 125,000
NC New Schools Project, Inc.
To improve the state's high schools through a comprehensive and focused campaign
50,000
NC Public Interest Research Group Education Fund NC Rural Communities Assistance Project NC Smart Growth Alliance
To support its ethics reform efforts and its work to hold public officials accountable
25,000
P 0. Box 941 Pittsboro, NC 27312
To help rural, low-wealth communities address threats to safe drinking water and/or adequate wastewater treatment
7,500
224 East St , Suite F Pittsboro, NC 27312
For general operating support to focus on technical assistance, collaboration and community organizing for smart growth initiatives in local communities
35,000
NC State University Foundation
Box 7401 Raleigh, NC 27695-7401
For general operating support to enable the Institute to build its capacity to engage in public policy development on a year around basis
85,000
NC State Youth Council
1319 Mail Service Center Raleigh, NC 27699-1319
For State Leadership Conferences to provide scholarships to help defray the cost of the Youth Legislative Assembly
3,500
12
GRANTS PAID - 2006

NC Waste Awareness and Reduction Network, Inc. P 0 Box 61051 Durham , NC 27715-1051 To build support for grassroots organizing for alternative energy, energy efficiency and sustainable energy sources 50,000
For general operating support For general operating support in the effort to support neighborhood groups interested in community development, and to strengthen grassroots organizing
networks
25,000 30,000
Neighbors for Better Neighborhoods
309 East Sprague St Winston-Salem, NC 27127
Neighbors in Ministry
For anti-racism training for teachers, parents and children to address institutional racism and reduce the achievement gap for middle school-aged
35,000
children of color in Brevard
NetCorps
711 hedell St, Suite lB Durham , NC 27705
For general operating support to expand services to the Triad, to the east and south of the Triangle, and to Latino organizations
45,000
To support list enhancement activities for NC nonprofits in order to build collective power
25,000
Neuse River Foundation
112 S Blount St , Suite 103 Raleigh, NC 27601
For the Muddy Water Watch Project
40,000
New Life Community Development Corp.
P O Box 130 Roper, NC 27970
To market an affordable housing project in Washington County to first -time, minority homeowners
4,000
New River Community Partners
t 15 Atwood St , Suite B Sparta , NC 28675
To support NRCP staff assigned to the Sparta Teapot Museum project
35,000
New River Foundation
825 Gum Branch Rd, Ste 140 Jacksonville, NC 28540
For general operating support to continue the efforts to monitor and protect the New River
20,000
North Carolinians Against Gun Violence Education Fund
P 0 Box 9204 Chapel Hill, NC 27515
For general operating support to add an outreach coordinator
15,000
Northeastern Community Development Corporation
P 0 Box 367 Camden, NC 27921
For Steps to Success, an economic advancement program for disadvantaged women
30,000
Northside High School
365 Commons Drive Jacksonville, NC 28546
For Footprints from the Past, Blue-pnnts for the Future to demonstrate how representative democracy works at the local, state, and national levels
7,950
Orange County Rape Crisis Center
To purchase software to improve the agency's capacity to raise funds from local sources
5,000
Pamlico-Tar River Foundation , Inc.
P 0 Box 1854 Washington, NC 27889
15,000 13
GRANTS PAID - 2006

Partners for Home Ownership P O Box 20335 Winston-Salem, NC 27120 For general operating support to develop affordable housing for moderate and low-income families 15,000
Partnership for the Sounds , Inc.
P 0 Box 55 Columbia, NC 27925
To produce a film highlighting local African American cultural traditions
2,500
Peace College of Raleigh
Peace College 15 East Peace Street Raleigh, NC 27604 People of Faith Against the Death Penalty 110 W Main Street, Suite 2-G
Carrboro, NC 27510
To increase the number of elected and appointed women in NC
25,000
People of Faith Against the Death Penalty (NC Council

of Churches )
For organizing and educating the faith community and other North Carolinians to work to narrow the application of, improve the fairness of and,
50,000
ultimately, abolish the death penalty
Pisgah Legal Services
For the Justice For All Project
15,000
To provide civil legal services to immigrants through the Justice For All Project Planned Parenthood Health Systems, Inc. 100 South Boylan Avenue Raleigh. NC 27603 For the Access to Contraception Project
25,000
100,000
Project Healthshare
P 0 Box 480187 Charlotte, NC 28269
2,500
Public Interest Projects
80 Broad Street, Suite 1600 New York, NY 10004
A special opportunity grant for Fulfilling the Dream Fund, to defend, support and expand affirmative action and other efforts to promote full inclusion of people of color and women
100,000
Public School Forum of NC
3739 National Drive, Suite 100 Raleigh, NC 27612
250,000
Rensselaerville Inst NY
63 Huyck Road
Rensselaerville, NY 12147
To conduct an intensive small rural county intervention process to measurably improve a selected county's academic achievement
75,000
Reynolda House, Museum of American Art Roanoke Canal Commission, Inc.
P 0 Box 7287 Winston- Salem , NC 27109-7287
For expansion program to increase the Museum's educational and interpretative capacity
125,909
15 Jackson Street Extension Roanoke Rapids , NC 27870
To allocate resources to enhance programming and marketing
30,000
Roanoke Economic Development Inc.
P 0 Box 440 Rich Square , NC 27869-0440
50,000
Roanoke River Partners (Cons Fund)
P 0 Box 488 Windsor, NC 27983-0488
To purchase the Hamilton Rosenwald School and begin preparation for its use as a cultural, community and ecotounsm center
4,150 14
GRANTS PAID - 2006

Rural Advancement Foundation International USA P 0 Box 640 Pittsboro. NC 27312 To strengthen NC family farms by supporting stewardship, fair contracts, and market diversification 40,000
Rural Initiative Project Inc.
301 North Main Street Suite 2216 Winston-Salem, NC 27101
20,000
Rural School and Community Trust
Rural Education Finance Center 123 Forest Road Raleigh, NC 27605
To organize a statewide group of rural community leaders to work collaboratively with other groups to develop and advocate for policy reforms that improve the quality of public education in rural areas of North Carolina
50,000
Sandhills Area Land Trust
9936 Hobbton Hwy Clinton, NC 28328
To prepare a feasibility study of an organic farm incubator in Hoke County
5,420
To support a community garden project in a low-resource Fayetteville neighborhood. Sampson County CDC P 0 Box 42 Fayetteville, NC 28302 For general operating support to assist low-income families in their quest for affordable housing
4,250
35,000
Sandhills Family Heritage Association
P 0 Box 404 Spring Lake, NC 28390
To establish a farmers market and continue community education about landbased income
4,500
Town of Sandyfield
7424 Chapel Hill Rd , Suite 203

Raleigh, NC 27607
To strengthen environmental stewardship and sustainable community

development
2,000
School of Government Foundation
Civic Education Consortium CB #3330, Knapp-Sanders Bldg Chapel Hill, NC 27599-3330 NC Sierra Club 112 S Blount Street Raleigh, NC 27601 29 N Market St , Suite 604 Asheville, NC 28801
For the Small Grants program to foster civic engagement in communities across the state
37,000
Sierra Club Foundation
For operating support for the NC chapter's general public education and outreach activities, particularly focusing on energy issues
40,000
Southern Alliance for Clean Energy
To support its North Carolina work to reduce global warming
20,000
Southern Appalachian Biodiversity Project
191 Memmon Avenue Asheville, NC 28801
For general operating support for the defense, protection and restoration of North Carolina's national forests and critical habitats
30,000
Southern Appalachian Forest Coalition
46 Haywood St, Suite 323 Asheville, NC 28801
For general operating support for its forest protection and preservation work in North Carolina
30,000
Southern Appalachian Highlands Conservancy
34 Wall Street, Suite 802 Asheville, NC 28801-27 10
To support the Blue Ridge Protection Partnership
200,000
15
GRANTS PAID - 2006

Southern Documentary Fund I I 1 E Chapel Hill St . Suite 202 Durham, NC 27701 To complete production on the North Carolina Fund documentary 50,000
Southern Environmental Law Center of NC
201 West Main St , Suite 14 Charlottesville, VA 22902-5065
For general operating support to enable SELC to continue to provide leadership, legal advocacy, and policy expertise to protect the environment of North Carolina
550,000
Southern Rural Development Initiative Inc. Southerners for Economic Justice
20 Battery Park Ave , Suite 211 Asheville, NC 28801
To encourage grassroots philanthropy in rural North Carolina
60,000
219 Fayetteville St Mall, Suite 707 Raleigh, NC 27610
For general operating support to strengthen the voices of low income women
10,000
SouthWings , Inc.
35 Haywood St , Suite 201

Asheville, NC 28801
To support aerial monitoring and education for conservation partner

organizations in North Carolina
20,000
Stephens -Lee Alumni Association
7 Williams Street Asheville, NC 28803-2454
2005 NSR Award designated by Deborah Miles
1,800
Student Action with

Farmworkers
1317 W Pettigrew St.

Durham, NC 27705
For support of the Health Education Project of the Into the Fields program
4,500
Sustainable NC
P 0 Box 88
Raleigh, NC 27602
100,000
Teach for America,

Inc.-Eastern
150 Fayetteville St Mall, Suite 240

Raleigh, NC 27601
To recruit, train, and support new teachers in rural counties of eastern North
Carolina
50,000
Todd Community Preservation Organization Triad Economic Development Corporation
P 0 Box 234 Todd, NC 28684
To support improvements to Cook Park and to support community outreach through a newsletter and summer theater
4,685
P 0 Box 1273 High Point, NC 27261
For general operating support to continue its multiple programming efforts of construction of affordable housing and business development
20,000
Tyrrell County Community Development Corporation University of NCChapel Hill
P O. Box 58 Columbia, NC 27925
To support improved community participation in ACA and develop community vision of environmental assets, economic opportunity and improved social conditions
2,750
Civic Education Consortium CB #3330, Knapp-Sanders Bldg. Chapel Hill, NC 27599-3330
For general operations to continue and enhance the Consortium's successful civic education reform initiatives.
75,000
For the School of Law/Center for Civil Rights general operating support.
75,000
To elevate public discourse and decision making through policy briefings and seminars for legislators and journalists
50,000
16
GRANTS PAID - 2006

For general operating support of the Institute of Government's NC Civic Education Consortium for teacher, school, and community-based civic engagement activities Vera Institute of Justice, Inc. 233 Broadway, 12th Floor New York, NY 10279 To enhance racial justice in prosecution by reduction of racial profiling, improve fairness of the criminal justice process 112,500
175,000
Voices for Justice
P 0 Box 374 West End , NC 27376-0374
15,000
Wake Forest University
Office of the President P 0 Box 7226 Winston-Salem , NC 27109
For the annual grant , under 1990 contract , for general support , faculty development , and scholarships
1,200,000
For Campaign for Wake Forest Initially for scholarships: Joseph G Gordon, NSR, NC middle income residents, annual awards to faculty members, Reynolds Professors supplements, and special undergraduate programs and needs
583,990
Warren Wilson College
Environmental Leadership Center CPO 6323, P 0 Box 9000 Asheville, NC 28815-9000 821 Raymond Avenue, Suite 260
Saint Paul, MN 55114
To prepare a feasibility study of small, low-resource farmers providing native plants to NC DOTfor roadside planting
4,000
Wellstone Action
Fund
For the Sheila Wellstone Institute in North Carolina
40,000
To conduct two Voter Engagement Schools for organizations and coalitions running voter engagement efforts in North Carolina in 2006
15,000
Western NC Alliance
29 N Market St.. Suite 610 Asheville, NC 28801
To support its Invasive Exotics Project to engage local residents in the removal of harmful plant species from critical NC habitats
30,000
Western NC Workers' Center
P 0 Box 667 Morganton, NC 28680
For general operating support to partially finance the salaries of three staff members, as this organization attempts to improve wages, benefits, and working conditions of low-wage workers
25,000
WildLaw
To support the Forest Certification Pilot Project
25,000
For operating support to support and represent NC's non-profit environmental groups that protect special places in North Carolina
25,000
Winston- Salem State University
CB #19537 Winston -Salem , NC 271 10
For general operating support for student scholarships and faculty recruitment
375,000
Women's Voices Women Vote
1325 Darnall Drive McLean , VA 22101
To provide list enhancement services to mobilize unmarred women voters in NC
25,000
Yadkin-Pee Dee Lakes Project
P O. Box 159 Star, NC 27356
For general operating support for the development of North Carolina' s Central Park
60,000
17
GRANT S PAID - 2006

Young Women of Promise 1660 Garnet Street Kannapolis , NC 28083
For Youth Voices and Vision to encourage and foster minority youth leadership
5,500
TOTALS
16,605,740
18
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 Action for Children North Carolina 1300 St Mary's Street, Ste 500 Raleigh, NC 27605 For the Youth Advocacy Toolkit 5,000
Administration Office of the Courts
P 0 Box 1947 Rockingham, NC 28380
For the Constitutional Law/Civics Program for Elementary/Middle School Students
2,500
Adolescent Pregnancy Prevention Coalition NC
101 Market Si , Suite D Chapel Hill, NC 27516
For general operating support for its statewide work educating service providers to implement successful adolescent pregnancy prevention interventions
100,000
Affordable Housing Group of NC, Inc.
1300 Baxter Street, Suite 215 Charlotte, NC 28204
To create, develop and implement a comprehensive training/resource center and to support its ongoing efforts to educate homebuyers and produce affordable housing
50,000
Agricultural Resources Center
206 New Bern Place Raleigh, NC 27601
30,000
Alexander International Center
P 0 Box 552 Taylorsville, NC 28681
For general operating support to staff a bilingual employee to offer assistance to Latinos
10,000
American Institute for Social Justice, Inc.
1538-A Capital Blvd Raleigh , NC 27603
For general operating support to support and expand its North Carolina ACORN chapters
150.000
American Judicature Society
2700 University Avenue Des Moines, IA 50311
To create the new Institute for Justice-System Improvement, a project of the American Judicature Society
50,000
Appalachian State University Foundation
Post Office Box 32007 Boone, NC 28608
For the ASU Beginning Teacher Support Network (ASU-BTSN) as a component of its Teacher Retention Program
130,000
Appalachian Sustainable Agriculture Project
729 Haywood Rd , Suite 3 Asheville, NC 28806
For general operating support of which at least $10,000 must be used for organizational development
45,000
Bayboro Development Center, Inc.
P 0 Box 84 Bayboro, NC 28515
30,000
Beaufort Co Schools
John Cotton Tayloe School 910 Tarboro Street Washington, NC 27889
For the Tiger Tales Project
6,000
Beloved Community Center of Greensboro, Inc.
P 0 Box 875 Greensboro , NC 27402
2006 Nancy Susan Reynolds Award desginated by Margaret Clinard
20,000
STATEMENT 12 1
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support for the Domestic Violence Offender Program
Bertie County
P 0 Box 643 Jackson, NC 27845
60,000
Black Heritage Society, Inc.
P 0 Box 848 Kinston, NC 28502
To support the Heritage Impacts Tourism Initiative and advocacy and education efforts related to increasing heritage tourism and economic development
40,000
Carolina Justice Policy Center
For general operating support for its ongoing advocacy to remedy flaws in the death penalty system and for community corrections
25,000
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support for ongoing advocacy to remedy flaws in the death penalty system and for community corrections
Carolina Legal Assistance '
75,000
Catawba County Hispanic Ministry
737 12th Street. SW Hickory, NC 28602
For general operating support to provide information and assistance to Latino immigrants
25,000
Center for Community Action
P O Box 723 Lumberton, NC 28359
250,000
Center for Creative Leadership
One Leadership Place P 0 Box 26300 Greensboro, NC 27438-6300
For the design of a leadership capacity building program for nonprofit executive directors and program officers and for the conducting of a pilot session of the program
50,000
Center for Dialogue
To provide nonprofit practitioners an opportunity to reflect upon their growth and to re-integrate their sense of purpose and calling within the context of work
5,000
Center for Participatory Change , Inc.
P O Box 9238 Asheville, NC 28815
For general operating support to strengthen grassroots leaders, groups , and networks working on justice issues in Western NC
50,000
For general operating support to strengthen grassroots leaders, groups, and networks working on justice issues in Western NC
70,000
Centro Latino of Caldwell County, Inc.
P 0 Box 693 Lenoir, NC 28645
10,000
Chatham County Partnership for Children
200 Sanford Highway, Suite 4 Ptttsboro , NC 27312
For the Safe Start Services Coordinator
40,000
Child Care Services Association
P 0 Box 901 Chapel Hill. NC 27514
For Leading Early Educator Development Project
50,000
Children's Home , Inc.
1001 Reynolda Road Winston-Salem, NC 27104
2006 Nancy Susan Reynolds Award desginated by Faith Lockwood for My Aunt's House for fundraising for operational expenses.
10,000
Columbus County DREAM Center , Inc.
P O Box 1757 Whitevdle, NC 28472
To develop its homeownership program
35,000
Columbus County Government
125-C Washington St Whiteville, NC 28472
For the Columbus County Student Internship Program
5,000
Z.SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 To support its work in North Carolina
Common Cause Education Fund
19 West Hargett Street Suite 212 Raleigh, NC 27601
165,000
Common Sense Foundation
P 0 Box 10808 Raleigh. NC 27605-0808
40,000
Community Foundation of Southeastern NC
P 0 Box 119 Wilmington NC 28402-0119
To support the long-term recovery efforts of the members of the Riegelwood community affected by the November 16, 2006 tornado disaster
50,000
Community Housing Dev.Corp . of Mooresville/South I redell
P 0 Box 827 Mooresville, NC 281 15
For general operating support to subsidize operating expenses related to continued growth, production of affordable housing, and homebuyer education
30,000
Community Reinvestment Assoc. of NC
110 E Geer St , Unit # 3 Durham. NC 27701
For general operating support for efforts to fight predatory leading, improve policies and financing structures in the field of manufactured housing, and to educate consumers about sound financial practices
150,000
Community Services of Swain
P 0 Box 2321 Bryson City, NC 28713-2321
For coordinated economic development planning and community engagement
40,000
Concerned Citizens of Tillery
P 0 Box 61 Tillery, NC 27887
To support sustainable economic development in northeastern North Carolina
50,000
Connectinc ., Inc.
110 Fountain Park Drive , Suite A-2 Battleboro , NC 27809
For the TEACH Central Project to increase first and second year teacher retention in eastern NC.
20,000
Conservation Fund
For general operating support to enhance the Resourceful Communities Program
100,595
Corporation For Enterprise Development
123 West Main St., Suite 210 Durham, NC 27701
To increase public awareness of alternative methods of economic development and ways in which public funds can be used to support economic growth
90,000
Council for Children
601 East 5th Street, Suite 510 Charlotte, NC 28202
To fund the Student Defense Project to ensure due process at Charlotte/Mecklenburg School suspensiontexpulsion hearings
30,000
Crisis Assistance Ministry
200 East Tenth Street Winston - Salem , NC 27101
2006 Nancy Susan Reynolds Award desginated by Faith Lockwood
5,000
Cumberland County Schools
P 0 Box 2357 Fayetteville , NC 28302
For Civic Spirit
5,000
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support for North Carolina staff and operating expenses of the North Carolina office
Dan River Basin Association
P O Box 65 Mayodan, NC 27027
50,000
Democracy Matters Institute , Inc.
2600 Johnny Cake Hill Rd Hamilton , NY 13346
For Phase 11 of Making Democracy Work
10,000
Democracy NC
105 West Main Street Carrboro, NC 27510
For general operating support to fight the influence of money in politics and advocate for good government reforms
350,000
Dog%ood Alliance, Inc.
To encourage responsible forestry practices in NC
15,000
DonorsChooseNC
P 0 Box 8453 Rocky Mount, NC 27804
For general operational support to match up donors with education projects in North Carolina's low-resource communities
10,000
Down East Council on Hispanic Latino Affairs
PO Box 453 New Bem, NC 28563
30,000
Environmental Federation of NC DBA Earth Share
P 0 Box 196 Durham, NC 27702-0196
For general operating support of its workplace solicitation efforts
4.854
El Pueblo, Inc.
4 N Blount St , Suite 200 Raleigh. NC 27601
For general operating support, including its organizational developmenet efforts
200,000
For the Latino Youth Fellowship Project.
8,500
Elon University
CB #2625 Elon, NC 27244
To protect and conserve land along the Haw River
20,000
Environment North Carolina, Research and Policy Center, Inc.
1 12 South Blount St. Suite 102 Raleigh . NC 27601
For general operating support for public education, research, and organizing on clean air, clean water , and open spaces
30,000
Executive Center for Economic & Educational Development, Inc.
715 Albemarle Avenue Greenville , NC 27834
For general operating support to build organizational capacity to expand services and training curriculum
25,000
Executi.e Service Corps of the Charlotte Region
1900 Selwyn Ave. MSC 1255 Charlotte, NC 28274
For cycles two and three of its Building Better Boards program
40,000
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support to recruit and train young lawyers and professionals in capital defense at the trial level
Fair Trial Initiative
201 West Main St, Suite 300 Durham , NC 27701
60.000
FairVote
6930 Carroll Avenue. Suite 610 Takoma Park MD 20912
To build a grassroots coalition to effect how North Carolina casts its Electoral College votes
35,000
Faith in Action Inc.
705 North Greene Street Greensboro , NC 27401
To establish a Legal Resources Center
40,000
Family Violence and Rape Crisis Services
P 0 Box 1105 Pittsboro, NC 27312
For community outreach to reduce violence against women
20,000
Farm Labor Research Project , Inc.
1221 Broadway Street Toledo, OH 43609
To continue the work of training and educating H2A farm workers about their rights and benefits under the agreement with the North Carolina Growers' Association
25,000
Franklin - Vance Warren Opportunity , Inc.
P 0 Box 1453 Henderson , NC 27536
250,000
Foundation for the University of NCCharlotte, Inc.
1930 Camden Rd, Suite 1010 Charlotte, NC 28203
For its Smart Choice The No Child Left Behind Education Network project
25,000
Generation Engage
2800 Calvert St , NW Washington , DC 20008
For general operating support to engage young North Carolinians in rural and inner-city communities in sustained civic participation
75,000
Grassroots Leadership, Inc: Charlotte
P 0 Box 36006 Charlotte, NC 28236
To support the building of grassroots philanthropic networks through the Ujamaa African-American Philanthropy project
25,000
Guilford Child Development
1200 Arlington Street Greensboro. NC 27406
To improve significantly the school readiness of disadvantaged children at the local level
60,000
Handmade in America Foundation
300,000
High Point Racial Healing, Inc.
P O Box 585 High Point, NC 27261
To support the creation of the Anti-racist Organizers ' Network of North Carolina (ARON)
15.000
IDA and Asset Building Collaborative of NC
P 0 Box 27386 Raleigh. NC 27611-7386
To grow the capacity of North Carolina Individual Development Account and support the development and implementation of North Carolina Saves
15,000
Z. SMITH REYNOLDS FOUNDATION. INC 58-6038145 GRANTS UNPAID - 2006 For general operating support to serve the economically disadvantaged women and girls of Wilson County
Impact Foundation
5923 Sandford Rd Wilson, NC 27893
25,000
City of Kannapolis
P O Box 1199 Kannapolis , NC 28082-1199
For a strategic planning process to increase access to education, job training and small business support for low-income individuals and
families
35,000
Kerr- Tar Regional Council of Governments
P 0 Box 709 Henderson , NC 27536
To support development of the Kerr-Tar Hub, an innovative program to rejuvenate the economy of the region
20,000
Kids Voting NCMecklenburg County
700 E Stonewall St , Suite 710 Charlotte, NC 28202
For Civics 101
5,100
Land Trust for Central NC
P 0 Box 4284 Salisbury, NC 28145-4284
To reorganize its staffing to maximize its fundraising potential
25,000
Legal Aid of NCRaleigh
224 South Dawson St Raleigh, NC 27601
For the Battered Immigrant Project
60,000
To support fair lending and home defense
300,000
Legal Aid Society of Northwest NC
For the Immigrant Outreach Project
30,000
Legal Services of Southern Piedmont
1431 Elizabeth Avenue Charlotte, NC 28204
To provide immigration and other legal assistance for immigrants in western NC through the Justice for All Project
20,000
Levine Museum of the New South
200 East Seventh Street Charlotte, NC 28202
To fund dialogue sessions associated with the Families of Abraham Programs Around Faith and Community exhibition
15,000
Life After Life Inc .
128 West Elwood Ave Raeford, NC 28376
For general operating support for a start-up domestic violence program for Hoke County residents
25,000
Local Initiatives Support Corporation
842 West Fourth Street Winston- Salem , NC 27101
40.000
Madison County
258 Carolina Lane Marshall, NC 28753
For the Madison Farms Developing a Sustainable Model Beyond Tobacco program
45,000
Z. SMITH REYNOLDS FOUNDATION. INC 58-6038145 GRANTS UNPAID - 2006 To bring together diverse groups of people for dialogue understanding, and community building
Meet Me There
4607 Franklin Ave Suite 217 Wilmington. NC 28403
7.500
Mitchell County Development Foundation, Inc.
P 0 Box 858 Spruce Pine. NC 28777
For its community-based economic development project, 'Home of the Perfect Christmas Tree '
115,000
Mountain Area Information Network
34 Wall Street. Suite 407 Asheville, NC 28801
75,000
NAACP-National
114 West Parrish St. 2nd Fl Durham NC 27701
For the Civil Rights Institute in North Carolina
50,000
National Farm Worker Ministry
c/o ERUUF 4907 Garrett Rd Durham, NC 27707
To support the North Carolina Outreach Coordinator's efforts to engage community members in issues affecting farm workers
25,000
NC Agricultural Foundation . Inc.
NC State University Department of Soil Science Campus Box 7619 Raleigh , NC 27695-7619
For the Fecal Coliform Impacts, North River Community Study
20,000
For Empowering NC Youth to Address Community Issues
10,000
NC Association of Black Lawyers' Land Loss Prevention Project
For the NC Rural Environmental Equity Project
55.000
NC Association of Community Development Corporations
219 Fayetteville Street Mall Suite 707 Raleigh, NC 27601
For the project to test a new system for strengthening the organizational development and performance of Community Development Corporations.
250,000
NC Association of County Directors of Social Services, Inc.
3824 Barrett Drive, Suite 102 Raleigh, NC 27609
To strengthen the capacity of local county departments of social services to deliver effective services to families and children
40,000
NC Center for Nonprofit Organizations
1110 Navaho Drive. Suite 200 Raleigh, NC 27609-7322
50,000
NC Center for Public Policy Research
160,000
NC Center for Voter Education
19 West Hargett Street. Suite 310 Raleigh. NC 27601
For general operating support to continue its work on campaign finance reform and other good government reforms
275,000
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support
NC Coalition Against Domestic Violence
115 Market Street. Suite 400 Durham, NC 27701
150,000
NC Coalition Against Sexual Assault
183 Wind Chime Ct . Suite 100 Raleigh, NC 27615
For general operating support for its public policy initiatives
120,000
NC Coalition to End Homelessness
To support the efforts to secure resources, encourage dialogue, and advocate for public policy change to end homelessness and other operating expenses
35,000
NC Coastal Federation , Inc.
3609 Hwy 24 (Ocean) Newport, NC 28570
For membership development
250,000
For general operating support to protect and restore North Carolina's coast
NC Coastal Land Trust
131 Racine Drive, Suite 101 Wilmington, NC 28403
For the Host of the Coast and Gift of the Coast projects, and other operational support.
40,000
NC Community Development Initiative
350,000
NC Community Foundation
P 0 Box 2828 Raleigh, NC 27602-2828
To increase philanthropy among youth, women and people of color in NC (a special opportunity grant for NC Gives)
200,000
NC Community Shares
To support the hiring of a Community Organizer and developing a program to access new employerstorgantranons
20,000
NC Environmental Defense
4000 Westchase Blvd, Suite 510 Raleigh , NC 27607
For general operating support to reduce global warming pollution and create sustainable energy policies, to protect and restore key ecosystems. and to rebuild the state's fisheries and marine resources
195,000
NC Fair Housing Center
P 0 Box 1929 1 14 W Parrish Street Durham, NC 27702-1929
For general operating support in its efforts to create fair housing opportunities for all
45,000
NC Fair Share Education Fund
To support the Fannie Lou Hamer Voting Rights Project
25,000
NC GreenPower Corporation
909 Capability Dr. Ste 2100 Raleigh. NC 27606-3870
25,000
-,
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support for its work to develop decent, safe and affordable housing
NC Housing Coalition
224 South Dawson St Raleigh. NC 27601
190,000
NC Indian Economic Development Initiative
PO Box 87044 Fayetteville , NC 28304
For general operating support over an 18-month period
80,000
NC Justice and Community Development Center
P 0 Box 28068 Raleigh, NC 276 1 1-8068
To support the Blueprint NC communications, civic engagement and operational activities
50,000
850,000
NC Latino Coalition
1926 Holloway Street Durham, NC 27703
For general operating support to increase grassroots Latino organizations ' collective voice and capacity on issues of importance
30,000
NC Open Government Coalition
Elon University School of Communications CBX 2850 Elon. NC 27244
For general operating support for a full-time executive director
20,000
NC Policy Watch
220 Fayetteville Street Mall, 3rd Floor 27601 P 0 Box 12800, 27605 Raleigh, NC
To hire a senior policy analyst
50,000
NC Rural Communities Assistance Project
P 0 Box 941 Pittsboro. NC 27312
For capacity building to provide technical assistance for the development of decentralized wastewater systems for low-income rural residents
35,000
NC Society of Hispanic Professionals, Inc.
P 0 Box 1557 Apex, NC 27502-3557
For building staff capacity and other operating needs.
30,000
NC State University
College of Natural Resources 2022 D Biltmore Hall, Box 8001 Raleigh NC 27695-8001
For the Institute of Emerging Issues' Business Committee on Fiscal Modernization Project
65,000
For general operating support of the Institute for Emerging Issues
75,000
NC State University Foundation
College of Design 200 Brooks Hall Campus Box 7701 Raleigh. NC 27695
For the Innovations Design Center
30,000
NC Sustainable Energy Association
P 0 Box 6465 Raleigh NC 27628
For general operating support to help impact North Carolina's energy future
95,000
NC Waste Awareness and Reduction Network, Inc.
P 0 Box 61051 Durham, NC 27715-1051
50,000
10
Z. SMITH REYNOLDS FOUNDATION. INC 58-6038145 GRANTS UNPAID - 2006 To encourage the organization of the Yadkin - Pee Dee and Lumber River groups to enhance watersheds and rivers and streams through information sharing and cooperation
NC Watershed Coalition
24 Hazzard Street Asheville , NC 28801
10,000
NC Wildlife Federation
P 0 Box 10626 Raleigh. NC 27605-0626
30,000
NCLM Local Leadership Foundation
PO Box 3069 Raleigh, NC 27602
For the Citizen Performance Engagement Tool Project
45,000
Neighborhood Housing Services of Asheville
135 Cherry Street Asheville, NC 28801
To support the salary of a community organizer
25,000
Neighbors in Ministry
For anti-racism training for teachers, parents and children to address institutional racism and reduce the achievement gap for middle schoolaged children of color in Brevard.
30,000
Neuse River Foundation
220 South Front Street New Bern, NC 28560
For the Muddy Water Watch Project
40,000
For general operating support to protect the Neuse River
35,000
New River Foundation
825 Gum Branch Rd , Ste 140 Jacksonville, NC 28540
For general operating support to protect the New River.
20,000
New Ventures Business Development, Inc.
514 N Washington St Wadesboro, NC 28170
For staff support and general operations
50,000
North Carolinians Against Gun Violence Education Fund
For general operating support to add an outreach coordinator
10,000
Northeastern Randolph Middle School
3493 Ramseur-Julian Road Liberty, NC 27395
For the Middle School Visions Civic Mission Project
1,700
Olive Hill Community Economic Dem. elopment Corporation
P 0 Box 4008 Morganton, NC 28680
For general operating support to continue providing economic development services and for the Enterprise Development Project
20,000
One Dozen Who Care
P 0 Box 1090 Andrews, NC 28901
To support its Small Business Center and Entrepreneurial Incubator
40,000
11
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For the Southern Appalachian Conservation Loan Fund
Open Space Institute . , Inc.
1350 Broadway. Room 201 New York. NY 10018-7799
21.000
Outer Banks Community Development
P 0 Box 2467 Kill Devil Hills, NC 27948
To use for the new planning function to develop a master plan for affordable housing and work with planners from local governments
35,000
Pamlico-Tar River Foundation , Inc.
P 0 Box 1854 Washington, NC 27889
For general operating support to protect the Tar-Pamlico River
20,000
People of Faith Against the Death Penalty ( NC Council of Churches)
110 W Main St. Suite 2-G Carrboro, NC 27510
For support of its grassroots education and mobilization efforts
50,000
Pisgah Legal Services
To develop a plan and initiate advocacy efforts for inclusionary zoning in the city of Asheville and Buncombe County
10,000
To provide civil legal services to immigrants through the Justice For All Project
10.000
Planned Parenthood of Central North Carolina, Inc.
P O Box 3258 Chapel Hill. NC 27515-3258
For the Strategic Advocacy Today, a Pro-Choice Tomorrow Program
225,000
Public School Forum of NC
3739 National Drive, Suite 100 Raleigh, NC 27612
To provide fundraising assistance to the schools participating in the Young Scholars Program
35,000
REACH of Jackson County, Inc.
P 0 Box 1908 Sylva, NC 28779
To develop a new business encapsulator to provide economic selfsufficiency
25,000
For the Employment Life Skills Training Program
35,000
Region L Council of Governments
P 0 Drawer 2748 Rocky Mount, NC 27802
For project support to assist with initial staff costs for the Upper Coastal Plain Business Development Center, a regionally onented small business incubator
60,000
Roanoke Economic Development Inc.
P 0 Box 440 Rich Square. NC 27869-0440
250,000
Roanoke River Partners
P 0 Box 488 Windsor . NC 27983-0488
To purchase the Hamilton Rosenwald School and begin preparation for its use as a cultural. community and ecotounsm center
1,850
12
Z. SMITH REYNOLDS FOUNDATION. INC 58-6038145 GRANTS UNPAID - 2006 To assist Robeson County Schools in conducting a continuous professional development experience for its Initially Licensed Teachers (ILTs)
Robeson County Public Schools
P 0 Drawer 2909 Lumberton, NC 28359
15,000
City of Sanford
P 0 Box 3729 Sanford. NC 27331-3729
For Developing Youth Leaders Empowering Our Community
6,200
Scotland County Schools
322 South Main Street Launnburg , NC 28352
For SCHOLARS Serve
10,000
Snow Hill Methodist Church
1995 Snow Hill Church Road Danbury, NC 27106
For the StokesCORE Community Kitchen Project
10,000
Southeast Regional Economic Justice Network
P 0 Box 240 Durham, NC 27702-0240
To support the African-American Women's Sustamability Training program
20,000
Southeast Watershed Forum, Inc.
535 Powell Drive Annapolis, MD 21401
For the Western North Carolina Quality Growth Initiative
20,000
Southern Alliance for Clean Energy
29 N Market Street Suite 409 Asheville, NC 28801
To support its North Carolina work to reduce global warming
40,000
Southern Environmental Law Center of NC
201 West Main St, Suite 14 Charlottesville, VA 22902-5065
For general operating support to enable SELC to continue to provide leadership, legal advocacy, and policy expertise to protect the environment of North Carolina.
275,000
Southern Sudan Fellowship . Inc.
743 W Johnson Street, Suite B Raleigh , NC 27603
To support of the Women's Microenterpnse Program and for general operating support
25,000
Southerners for Economic Justice
219 Fayetteville St Mall, Suite 707 Raleigh . NC 27610
To continue its youth organizing program focusing on young minority women and to continue its efforts of the Women of Color Network
25,000
Student Action with Farmworkers
1317 W Pettigrew St Durham, NC 27705
To support farmworker advocacy
80,000
SURGE, Students United for a Responsible Global Environment
For general operating support to engage high school and college-aged youth in environmental and social justice issues
25,000
13
41
Z. SMITH REYNOLDS FOUNDATION, INC 58-6038145 GRANTS UNPAID - 2006 For general operating support
Thirteenth Judicial District Domestic Violence-Sexual Assault Alliance, Inc.
P 0 Box 554 Waynesville, NC 28786
25,000
Triangle J Council of Governments
P 0 Box 12276 Research Triangle Park, NC 27709
To incorporate strategies that will increase the rapidly disappearing housing choices for low-income residents and adapt the Atlanta regional 'Livable Centers Imtaurve' for implementation in the Triangle
35,000
United Family Services Charlotte
601 East Fifth St , Suite 400 Charlotte, NC 28202
To support the Domestic Violence Shelter
25,000
United Way of NC
1235 Two Hannover Square Raleigh, NC 27601
To expand NC 211 system to 15 low-wealth counties in eastern NC to increase access to community services
50,000
University of NCChapel Hill
150 South Road, Ste 309 CB #3393 Chapel Hill, NC 27599-3393
For the Institute of African American Research - the Matrix Project which is aimed at reducing the achievement gap in eastern NC.
40,000
To support the Carolina Environmental Program's project to engage youth in energy conservation and local sustainability
35,000
For Urban and Regional Studies, Chapel Hill, NC, for the completion of a study that addresses the impact of buyout programs in the state and determines how to better structure this government-sponsored service
45,000
For general operating support of the Institute of Government's NC Civic Education Consortium for teacher, school and community-based civic engagement activities
112,500
Wake Forest University
Box 7227 Reynolda Station Winston-Salem, NC 27109
For the Campaign for Wake Forest Initially for scholarships Joseph G. Gordon, NSR, NC middle income residents, annual awards to faculty members, Reynolds Professors supplements, and special undergraduate programs and needs
591,715
Warren Family Institute Inc.
P 0 Box 150 Warrenton, NC 27589
For general operating support to enable increased organizational development, refining of a business plan, and strengthening community economic development work
45,000
Warren Wilson College
Environmental Leadership Center CPO 6323 P 0 Box 9000 Asheville. NC 28815-9000
To the Environmental Leadership Center's applied services program to help communities and organizations
25,000
Washington Housing Nonprofit, Inc.
809 Pennsylvania Avenue Washington, NC 27889
For the IDA and asset -building program
50,000
14
v Z. SMITH REYNOLDS FOUNDATION, INC
ro
58-6038145 GRANTS UNPAID - 2006 For the pure farms/pure water campaign
Waterkeeper Alliance , Inc.
50 S Buckhout St . Suite 302 Irvington NY 10533
25,000
Wesley Shelter , Inc.
P 0 Box 1426 Wilson, NC 27894
To implement a community - based domestic violence prevention program
25,000
West End Rey italization Association, Inc.
P 0 Box 661 Mebane. NC 27302-0661
60,000
Western Carolina University
Office of the Dean Cullowhee. NC 28723-9038
To support the retention of beginning teachers and their transition to the classroom
95,000
Win-Win Resolutions, Inc.
122 N Elm St Suite 516 Greensboro , NC 27401
For the Tn-County High School Conflict Resolution Workshops
34,000
Windows on the World CDC
P 0 Box 639 Roper, NC 27970
To develop a business plan for the electronic health records social enterpnse, and to test software and procedures necessary for developing the plan
25,000
Winston - Salem Foundation
860 West Fifth Street Winston-Salem, NC 27101
2006 Nancy Susan Reynolds Award desginated by Faith Lockwood for Tomorrow's Wise Working Women
5,000
Yadkin-Pee Dee Lakes Project
P 0 Box 159 Star, NC 27356
For 1000/100 Cultural Tourism Leadership Program which will enhance tounsm across North Carolina through the development of 1.000 trained leaders in hentage/culture tourism
5,000
YWCA-High Point
112 Gatewood Avenue High Point, NC 27262
For the Study Circles Program
15,000
TOTALS
11,879,015
15

Z Smith Reynolds 586038145 - 200612 - 990PF

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Form

Return of Private Foundation

Department of the Treasury

Internal Revenue Service

0 Address chance Name chance A Employer identification number

SMITH REYNOLDS FOUNDATION ,

See Specific City or town, state, and ZIP code Instructions .

147 SOUTH CHERRY STREET

D 1 Foreign organizations, check here

Contributions, gifts, grants, etc., received

N/A 591 , 206.

lithe foundation Is not required to attach Sch B

Dividends and interest from securities

Net short-term capital gain Income modifications

Gross sales less returns 10a and allowances

c Gross profit or (loss) 11 Other income 12 Total . Add lines 1 through 11

Other employee salaries and wages Pension plans, employee benefits

16a Legal fees

555 , 899. 250 103. 58 415.

555 , 899. 250 103 . 58 415.

58 , 685. 226 700.

3 2 316 . 1 2 6 4 237. 2 , 917 249.

26 Total expenses and disbursements.

a Excess of revenue over expenses and disbursements

c Adjusted net income (if negative , enter -o-)

Form 990-PF (2006)

Attached Schedules and amounts In the description

Beginning of year (a) Book Val ue (b) Book Value

End of year (c) Fair Market Value

16 , 287 , 928. 2 , 859 , 290. 8 , 643.

16 , 287 , 928. 2 8 5 9 2 9 0. 8 , 643.

Less accumulated depreciation

703 615. 394 , 368. STMT 6

320 , 273. 79 , 000.

309 , 247. 94 , 000.

309 , 247. 137 937.

Investments - mortgage loans

Other assets (describe ^

Mortgages and other notes payable Other liabilities (describe ^ 0. 0.

18 , 844 , 796. 18 , 844 , 796.

19 , 559 , 108. 19 , 559 , 108 .

Analysis of Changes in Net Assets or Fund Balances

Form 990-PF (2006)

(d) Date sold (mo., day, yr.)

1a WACHOVIA CLASS ACTION SUIT

(col. (b) divided by col. (c))

2005 2004 2003 2002 2001

727 018 754 627 108

957. 680. 310. 845. 676.

, 507 , , 773 , 133 045 983

211. 381. 922. 827. 815. 2

1.759502 2.446642 1.864061 1.597166 1.581019 9.248390

Form 990-PF (2006)

Form 990-PF (2006)

Statements Regarding Activities

Form 990-PF (2006)

Form 990-PF (2006)

section 53 . 4945 or in a current notice regarding disaster assistance ( see instructions)?

(e) Expense accoun t , other allowances

303 362. 77 , 109.

(rd?Contdbutlonsto a poyeebenefitplans non compen

(e)E xp ense account, other allowances

, 300. , 850. , 300. 800.