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            <ZIPCd>27512</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BAPTISTS ONMISSION - NC DISASTER RELIEF</GrantOrContributionPurposeTxt>
          <Amt>450000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIRST BAPTIST CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>200 EAST NEW YORK AVENUE</AddressLine1Txt>
            <CityNm>SOUTHERN PINES</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28387</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HVAC SYSTEM</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>759600</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>3026</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>492373</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>142323</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>516385</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FEDERAL EXCISE TAX REFUND</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>0</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CLASS ACTION LITIGATION</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>0</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1154107</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1154107</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule-01">
      <AccountingFeesDetail>
        <CategoryTxt>MYER, GREENE &amp; DEGGE VARIOUS ACCOUNTING SERVICES</CategoryTxt>
        <Amt>12505</Amt>
        <NetInvestmentIncomeAmt>12505</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule-01">
      <DepreciationPropertyGrp>
        <PropertyDesc>301-A HIGHT ROAD</PropertyDesc>
        <AcquiredDt>2007-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>37500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>22786</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1363</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>301-B HIGHT ROAD</PropertyDesc>
        <AcquiredDt>2007-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>37500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>22786</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1363</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>297-A HIGHT ROAD</PropertyDesc>
        <AcquiredDt>2007-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>37500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>22786</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1363</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>297-B HIGHT ROAD</PropertyDesc>
        <AcquiredDt>2007-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>37500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>22786</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1363</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>860 CAROLINA ROAD</PropertyDesc>
        <AcquiredDt>2009-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>111000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>56675</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>4037</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>820 CAROLINA ROAD</PropertyDesc>
        <AcquiredDt>2009-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>64284</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>32825</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>2338</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLAKE PROPERTY (92.5 ACRES)</PropertyDesc>
        <AcquiredDt>2022-06-09</AcquiredDt>
        <CostOrOtherBasisAmt>804522</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>0</PriorYearDepreciationAmt>
        <ComputationMethodTxt>NA</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SEE RIDER ATTACHED (HGDF-001)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <GrossSalesPriceAmt>2803734</GrossSalesPriceAmt>
        <BasisAmt>2319650</BasisAmt>
        <TotalNetAmt>484084</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SEE RIDER ATTACHED (HGDF-001)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <GrossSalesPriceAmt>888236</GrossSalesPriceAmt>
        <BasisAmt>855935</BasisAmt>
        <TotalNetAmt>32301</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedul-01">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE RIDER ATTACHED (HGDF-001)</BondNm>
        <EOYBookValueAmt>3255100</EOYBookValueAmt>
        <EOYFMVAmt>2831786</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedul-01">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE RIDER ATTACHED (HGDF-001)</StockNm>
        <EOYBookValueAmt>9708501</EOYBookValueAmt>
        <EOYFMVAmt>12579747</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsS-01">
      <USGovtObligationsBookVlEOYAmt>2125938</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1855697</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <LandEtcSchedule2 documentId="LandEtcSchedule2-01">
      <LandEtcGrp>
        <CategoryOrItemTxt>1 RESIDENCE AND 2 DUPLEX UNITS (577.10 ACRES)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2075608</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>96596</AccumulatedDepreciationAmt>
        <BookValueAmt>1979012</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>408 HIGHT ROAD - 40 ACRES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>265983</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>265983</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BOWMAN PROPERTY (295 HIGHT ROAD)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>27786</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>27786</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>CAROLINA ROAD - 1.03 ACRES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>70000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>35163</AccumulatedDepreciationAmt>
        <BookValueAmt>34837</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>CAROLINA ROAD - 69.7 ACRES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>497822</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>60712</AccumulatedDepreciationAmt>
        <BookValueAmt>437110</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SANDHILLS AREA LAND TRUST (72.94 ACRES)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>220448</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>220448</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BLAKE PROPERTY (92.5 ACRES)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>804522</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>804522</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule-01">
      <LegalFeesGrp>
        <CategoryTxt>CLARKE, PHIFER, VAUGHN, ET AL. VARIOUS LEGAL SERVICES</CategoryTxt>
        <LegalFeesAmt>4058</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>4058</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule-01">
      <OtherExpensesScheduleGrp>
        <Desc>BOARD EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>34</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>34</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>698</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>698</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE &amp; DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>256</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>256</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>200</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2-01">
      <OtherIncomeDetail>
        <Desc>OTHER INVESTMENT INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>142323</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>142323</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FEDERAL EXCISE TAX REFUND</Desc>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CLASS ACTION LITIGATION</Desc>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedu-01">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CAPTRUST INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>46930</Amt>
        <NetInvestmentIncomeAmt>46930</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule-01">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>1000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>REAL PROPERTY TAXES</CategoryTxt>
        <Amt>2354</Amt>
        <DisbursementsCharitablePrpsAmt>2354</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>