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← KATHRINE R EVERETT CHARITABLE TESTAMENTARY TRUST

Form 990 for tax year 2023

Filed by KATHRINE R EVERETT CHARITABLE TESTAMENTARY TRUST.

Totals

Total revenue
$1,203,143
Total expenses
$1,654,399
Contributions and grants received
$0
Grants paid
$1,650,000
Program service revenue
$0
Investment income
$1,203,143
Other revenue
$0
Total assets, end of year
$14,409,438
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$14,409,438
Program services expenses (Part IX)
$1,650,000
Management and general expenses
$4,399
Fundraising expenses
$0
Program service expenses (Part III)
$1,650,000

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,203,143 · excluded $1,203,143

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,650,000 · program services $1,650,000

  • 11c · Fees: accounting

    total $3,775 · management and general $3,775

  • 24a · Other expenses: INSURANCE

    total $507 · management and general $507

  • 24b · Other expenses: OTHER

    total $60 · management and general $60

  • 24c · Other expenses: PROPERTY TAXES

    total $57 · management and general $57

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $85,705 · end of year $65,622

  • 7 · Other notes and loans receivable

    beginning of year $14,560,477 · end of year $14,129,304

  • 12 · Investments: other securities

    beginning of year $214,512 · end of year $214,512

  • 27 · Net assets without donor restrictions

    beginning of year $14,860,694 · end of year $14,409,438

Mission and programs · 2023

Mission

TO FINANCIALLY SUPPORT THE LAW SCHOOLS OF BOTH UNC - CHAPEL HILL AND DUKE UNIVERSITY.

  • THE GIFT TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL LAW SCHOOL PROVIDES ADDITIONAL FUNDING FOR THE LAW LIBRARY ENABLING UNC LAW GRADUATES TO BETTER SERVE THE GENERAL PUBLIC.

    Expenses $825,000 · Grants $825,000

  • THE GIFT TO THE DUKE UNIVERSITY LAW SCHOOL PROVIDES ADDITIONAL FUNDING FOR THE LAW LIBRARY ENABLING DUKE LAW GRADUATES TO BETTER SERVE THE GENERAL PUBLIC.

    Expenses $825,000 · Grants $825,000

As filed on the 2023 return.

Listed in Part VII

  • James McGregor Everett

    TRUSTEE

    Total calculated
    $0

  • Judith W Wegnerjd Unc Sch Of Law

    TRUSTEE

    Total calculated
    $0

  • Rich L Schmalbeckjd Duke Law Sch

    TRUSTEE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • UNC LAW SCHOOL

    $825,000

  • DUKE LAW SCHOOL

    $825,000

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2025
IRS schema version
2023v6.0
Source object
202542889349302919

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