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        <FormAndLineReferenceDesc>PART IV, SECTION E, LINE 1C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION'S SOLE MISSION AND PURPOSE IS TO SUPPORT THE CHAPEL HILL PUBLIC LIBRARY ("LIBRARY"). THE LIBRARY IS AN EXTENSION OF THE TOWN OF CHAPEL HILL ("TOWN"), A GOVERNMENT ENTITY. THE FOUNDATION MANAGES AN INVESTMENT TRUST ("LOVE TRUST") ESTABLISHED IN 1982 AND MANAGED BY THE TOWN BEFORE THE FOUNDATION WAS GIVEN MANAGEMENT RESPONSIBILITY IN 1999. THE TOWN ENTRUSTED THE LOVE TRUST WITH THE FOUNDATION TO MANAGE THE INVESTMENTS AND MAKE DISTRIBUTIONS FROM THE TRUST TO THE LIBRARY TO SUPPORT ITS OPERATIONS.</ExplanationTxt>
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          <CityNm>CHAPEL HILL</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>27514</ZIPCd>
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        <PurposeOfGrantTxt>TO PURCHASE READING MATERIALS AND FOR RENOVATIONS</PurposeOfGrantTxt>
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        <ExplanationTxt>THE FOUNDATION'S BOARD DESIGNATES AMOUNT TO BE GRANTED TO THE LIBRARY. THE FOUNDATION MANAGES THE LOVE TRUST ON BEHALF OF THE TOWN OF CHAPEL HILL WITH TERMS OUTLINED IN A MEMO OF UNDERSTANDING ("MOU"). THE MOU DICTATES A PORTION OF THE FUNDING DISTRIBUTIONS, WHILE ADDITIONAL FUNDS ARE GRANTED BY THE FOUNDATION'S BOARD. WHEN APPROVED, FUNDS ARE TRANSFERRED TO THE TOWN FOR USE BY THE CHAPEL HILL PUBLIC LIBRARY (A DEPARTMENT OF THE TOWN). THE TOWN CONTROLLER ENSURES THE FUNDS ARE TREATED AS RESTRICTED AND DISBURSES THEM TO THE LIBRARY AS REQUESTS ARE APPROVED.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE ORGANIZATION'S 990 WAS REVIEWED BY THE PRESIDENT, EXECUTIVE COMMITTEE, AND TREASURER PRIOR TO ITS FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST REQUIREMENT IS STATED IN THE BYLAWS AND THE BYLAWS ARE MADE AVAILABLE TO ALL BOARD MEMBERS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S 990 AND GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST.</ExplanationTxt>
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          <CityNm>CHAPEL HILL</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>27514</ZIPCd>
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</Return>