Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
ETHEL W CRAWLEY MEMORIAL EDUC FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT   Room/suite
City or town, state, and ZIP code
WILSON, NC278942907
A Employer identification number

56-6534286
B Telephone number (see page 10 of the instructions)

(919) 716-6259
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,470,653J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 7,750 7,750  
4 Dividends and interest from securities...... 80,185 80,185  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 89,879
b Gross sales price for all assets on line 6a 687,921
7 Capital gain net income (from Part IV, line 2)... 89,879
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 177,814 177,814  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 47,003 47,003    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 13,500     13,500
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) 1,239     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 5,855      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,597 47,003 0 13,500
25 Contributions, gifts, grants paid........ 137,928 137,928
26 Total expenses and disbursements. Add lines 24 and 25 205,525 47,003 0 151,428
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,711
b Net investment income (if negative, enter -0-) 130,811
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 41,606 103,708 116
2 Savings and temporary cash investments.......... 66,852 62,216 62,216
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 199,379 Click to see attachment151,473 166,469
b Investments—corporate stock (attach schedule)........ 1,716,398 Click to see attachment1,644,208 1,973,395
c Investments—corporate bonds (attach schedule)........ 714,325 Click to see attachment747,668 823,531
11 Investments—land, buildings, and equipment: basis bullet216,798
Less: accumulated depreciation (attach schedule) bullet   216,798 216,798 442,724
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 133 133 2,202
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,955,491 2,926,204 3,470,653
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,955,491 2,926,204
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,955,491 2,926,204
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,955,491 2,926,204
Part III Analysis of Changes in Net Assets or Fund Balances
1 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)............... 1 2,955,491
2 Enter amount from Part I, line 27a...................... 2 -27,711
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 9
4 Add lines 1, 2, and 3.......................... 4 2,927,789
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,585
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 2,926,204
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
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
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 150. ABB LTD SPONSORED ADR   2008-10-30 2010-04-28
b 140. AGCO CORPORATION COMMON   2009-08-12 2010-07-07
c 30. AGNICO EAGLE MINES LIMITED   2009-08-12 2010-11-05
d 100. ALLEGHENY ENERGY INC   2009-08-12 2010-02-24
e 160. ALLEGHENY ENERGY INC   2009-08-12 2010-09-13
40. ALLEGHENY TECHNOLOGIES INC   2009-08-12 2010-04-28
60. ALUMINUM CORP OF CHINA-ADR   2009-09-28 2010-04-28
3853.456 AMERICAN CENTURY DIVERSIFIED BOND FUND #   2009-08-17 2010-12-08
110. AMGEN INCORPORATED   2007-08-09 2010-02-24
60. ANADARKO PETE CORP.   2007-02-14 2010-07-07
70. ANADARKO PETE CORP.   2007-02-14 2010-09-13
190. ANNALY CAPITAL MANAGEMENT COMMON   2009-08-12 2010-07-07
150. ANNALY CAPITAL MANAGEMENT COMMON   2009-08-12 2010-09-13
120. ANNTAYLOR STORES CORP COMMON   2009-12-15 2010-07-07
120. ANNTAYLOR STORES CORP COMMON   2009-12-15 2010-09-13
20. APACHE CORPORATION COMMON   2009-05-28 2010-02-24
20. APACHE CORPORATION COMMON   2009-05-28 2010-04-28
.269 APACHE CORPORATION COMMON   2009-05-28 2010-12-20
500. APPLIED MATERIALS   2008-09-29 2010-07-07
110. ARM HOLDINGS PLC -SPONS ADR   2009-08-12 2010-09-13
218.492 ARTISAN INTERNATIONAL SMALL CAP FUND # 1   2009-09-28 2010-11-05
70. AVERY DENNISON CORP. COMMON   2008-12-11 2010-09-13
130. AVERY DENNISON CORP. COMMON   2008-12-11 2010-11-05
140. BARRICK GOLD CORP. EFF. 1-18-95   2010-02-24 2010-07-07
50. BAXTER INTERNATIONAL INCORPORATED   2009-08-12 2010-11-05
50. BAXTER INTERNATIONAL INCORPORATED   2009-08-12 2010-12-08
100. BERKSHIRE HATHAWAY INC DEL CL B COMMON   2008-10-30 2010-02-24
80. BERKSHIRE HATHAWAY INC DEL CL B COMMON     2010-04-28
30. BERKSHIRE HATHAWAY INC DEL CL B COMMON   2008-12-11 2010-07-07
70. BERKSHIRE HATHAWAY INC DEL CL B COMMON     2010-11-05
50. BLACKBOARD INC COMMON   2009-08-12 2010-04-28
120. BRISTOW GROUP INC COMMON   2009-08-12 2010-12-08
70. BUCYRUS INTERNATIONAL INC. COMMON   2010-07-07 2010-12-08
15. CVS CORP COMMON   2008-09-29 2010-04-28
330. CAMPBELL SOUP COMPANY   2009-09-28 2010-07-07
90. CASEY'S GENERAL STORES, INC. COMMON   2009-08-12 2010-04-28
80. CASEY'S GENERAL STORES, INC. COMMON   2009-08-12 2010-09-13
40. CHEVRON TEXACO CORP COMMON   2008-12-11 2010-11-05
1010. CHIMERA INVESTMENT CORPORATION COMMON   2009-08-12 2010-07-07
190. COMCAST CORP NEW CL A     2010-11-05
50. CONOCOPHILLIPS COM   2005-10-19 2010-09-13
60. CONOCOPHILLIPS COM   2005-10-19 2010-11-05
250. CORNING INCORPORATED   2008-09-29 2010-02-24
100. CORRECTIONS CORP AMER NEW COM NEW   2009-08-12 2010-02-24
924.297 CREDIT SUISSE COMMODITY RETURN STRATEGY   2009-12-15 2010-11-05
529.174 CREDIT SUISSE COMMODITY RETURN STRATEGY   2009-12-15 2010-12-08
100. CTRIP.COM INTERNATIONAL LTD   2009-08-12 2010-09-13
60. DISNEY WALT COMPANY   2008-09-29 2010-04-28
150. DU PONT E I DE NEMOURS & COMPANY     2010-02-24
50. DU PONT E I DE NEMOURS & COMPANY   2009-01-26 2010-09-13
230. EBAY INC   2010-02-24 2010-04-28
100. EDISON INTERNATIONAL   2009-05-28 2010-02-24
30. EDISON INTERNATIONAL   2009-02-23 2010-02-24
70. EDISON INTERNATIONAL   2009-05-28 2010-09-13
70. EMCOR GROUP INC   2009-08-12 2010-04-28
155. EMERSON ELECTRIC COMPANY     2010-02-24
50. EMERSON ELECTRIC COMPANY   2009-05-28 2010-04-28
50. EMERSON ELECTRIC COMPANY   2009-05-28 2010-09-13
.706 ESPRIT HOLDINGS LIMITED SPONS ADR   2009-09-28 2010-02-17
50. EXELON CORPORATEION   2009-05-28 2010-11-05
180. FAMILY DOLLAR STORES INCORPORATED   2009-12-15 2010-07-07
85.96 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-01-25
118.25 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-02-25
99.35 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-03-25
111.09 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-04-26
124.18 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-05-25
116.73 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-06-25
98.97 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-07-26
93.62 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-08-25
78.36 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-09-27
81.53 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-10-25
73.27 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-11-26
94.96 FEDERAL NATIONAL MORTGAGE CORP 6.00% DUE 4/01/2013 POOL #251656   1998-06-22 2010-12-27
70.39 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-01-25
91.27 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-02-25
56.56 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-03-25
80.68 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-04-26
96.51 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-05-25
88.14 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-06-25
78.67 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-07-26
63.9 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-08-25
52.43 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-09-27
51.51 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-10-25
62.5 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-11-26
72.93 FEDERAL NATIONAL CREDIT INSURANCE 6.50% DUE 08/01/2013   2000-04-03 2010-12-27
130. FIDELITY NATIONAL INFORMATION SERVICES I   2009-08-12 2010-09-13
80. FIDELITY NATIONAL INFORMATION SERVICES I   2009-08-12 2010-11-05
60. GENUINE PARTS COMPANY   2009-09-28 2010-07-07
2. GOOGLE INC CL A   2009-01-26 2010-04-28
40. HEWLETT PACKARD COMPANY   2009-08-12 2010-02-24
100. HEWLETT PACKARD COMPANY   2009-08-12 2010-04-28
90. HUANENG PWR INT'L ADR   2009-12-15 2010-07-07
40. INFOSYS TECHNOLOGIES SP ADR ISIN #US4567881085   2009-08-12 2010-02-24
120. INFOSYS TECHNOLOGIES SP ADR ISIN #US4567881085   2009-08-12 2010-04-28
140. INTEL CORPORATION   2005-12-01 2010-02-24
140. INTEL CORPORATION   2006-05-19 2010-04-28
30. ISHARES BARCLAYS MBS BOND FUND   2007-12-19 2010-07-07
100. ISHARES BARCLAYS MBS BOND FUND   2007-12-19 2010-09-13
110. ISHARES BARCLAYS MBS BOND FUND   2007-12-19 2010-11-05
220. ISHARES BARCLAYS MBS BOND FUND   2007-12-19 2010-12-08
220. ISHARES SILVER TRUST   2009-08-12 2010-02-24
650. ISHARES SILVER TRUST   2009-08-12 2010-04-28
260. ISHARES SILVER TRUST   2009-08-12 2010-07-07
70. JUNIPER NETWORKS INC   2009-08-12 2010-04-28
170. JUNIPER NETWORKS INC   2009-08-12 2010-09-13
40. JUPITER TELECOMMUNICATIONS CO LTD ADR   2009-08-12 2010-07-07
230. KROGER COMPANY COMMON   2010-02-24 2010-09-13
50. LAM RESH CORP   2009-08-12 2010-04-28
90. MCDERMOTT INTERNATIONAL   2010-02-24 2010-12-08
170. MCDERMOTT INTERNATIONAL   2009-08-12 2010-12-08
60. MERCK & CO INC   2007-02-14 2010-02-24
80. MERCK & CO INC   2007-02-14 2010-04-28
70. MICRO SYSTEMS, INC. COMMON   2009-08-12 2010-07-07
70. MICRO SYSTEMS, INC. COMMON   2009-08-12 2010-12-08
130. MICROSOFT CORPORATION   2001-01-12 2010-02-24
145. MONSANTO CO COMMON     2010-07-07
150. MTN GROUP LTD ADR   2009-08-12 2010-09-13
30. NOVO-NORDISK A S ADR   2009-08-12 2010-07-07
100. NUCOR CORPORATION   2010-02-24 2010-07-07
100. OSI PHARMACEUTICALS INC   2009-08-12 2010-04-28
30. OCEANEERING INTERNATIONAL INC   2009-12-15 2010-12-08
205. ORACLE SYSTEM CORPORATION     2010-09-13
290. PALL CORPORATION COMMON     2010-12-08
240. PALM INC COMMON   2009-08-12 2010-04-28
90. PAREXEL INTERNATIONAL COMMON   2009-08-12 2010-04-28
1470.182 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C   2009-05-28 2010-11-05
1815.83 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C     2010-12-08
180. PRESTIGE BRANDS HOLDINGS INC COMMON   2009-08-12 2010-11-05
40. PROCTOR AND GAMBLE COMPANY   2008-01-29 2010-02-24
110. PSYCHIATRIC SOLUTIONS INC COMMON   2009-12-15 2010-11-16
40. QUALCOMM INC COMMON   2009-01-26 2010-11-05
50. QUALCOMM INC COMMON   2008-12-11 2010-12-08
70. REGENERON PHARMACUETICALS INC COMMON   2009-12-15 2010-12-08
95. SPDR GOLD TRUST     2010-11-05
30. SCHLUMBERGER LTD   2008-09-29 2010-11-05
60. SHAW GROUP INC COM   2009-08-12 2010-02-24
40. SHIRE PHARMACEUTICALS GROUP PLC   2009-08-12 2010-07-07
50. SMITH & NEPHEW PLC - SPON ADR   2009-08-12 2010-04-28
140. STAPLES INC COMMON   2009-04-06 2010-02-24
90. STAPLES INC COMMON   2009-04-06 2010-04-28
140. SUNCOR ENERGY, INC   2009-08-12 2010-09-13
220. SYSCO CORPORATION   2009-08-12 2010-03-01
325. SYSCO CORPORATION   2008-01-29 2010-03-01
420. 3COM CORP DEL PV $0.01   2009-08-12 2010-04-12
30. TRACTOR SUPPLY COMPANY COMMON   2009-08-12 2010-04-28
140. US BANCORP   2009-08-12 2010-02-24
80. US BANCORP   2009-08-12 2010-04-28
50000. US TREASURY NOTE DTD 2/15/05 3.5% 02/15/   2006-08-16 2010-02-15
80. VERISIGN INC COMMON   2009-08-12 2010-07-07
110. VERISIGN INC COMMON   2009-08-12 2010-11-05
90. VERISIGN INC COMMON   2009-08-12 2010-12-08
320. VODAFONE GROUP PLC NEW SP ADR     2010-09-13
330. VODAFONE GROUP PLC NEW SP ADR   2009-05-28 2010-11-05
50. WMS INDUSTRIES INC COMMON   2009-08-12 2010-04-28
110. WELLPOINT INC   2008-12-11 2010-04-28
90. WELLPOINT INC   2008-12-11 2010-07-07
50. WELLPOINT INC   2009-02-23 2010-09-13
200. XENOPORT INC COMMON   2009-08-12 2010-02-24
50. ALLIED WORLD ASSURANCE HOLDINGS LTD   2009-08-12 2010-02-24
50. ALLIED WORLD ASSURANCE HOLDINGS LTD   2009-08-12 2010-04-28
50. ALLIED WORLD ASSURANCE HOLDINGS LTD   2009-08-12 2010-09-13
90. INVESCO LTD   2009-08-12 2010-04-28
820. WEATHERFORD INTL LTD   2010-07-07 2010-09-13
150. TRANSOCEAN LTD     2010-07-07
60. CHECKPOINT SOFTWARE TECHNOLOGY COMMON   2009-08-12 2010-04-28
CAPITAL GAIN DIVIDENDS P    
(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 2,860   1,883 977
b 3,885   4,505 -620
c 2,384   1,691 693
d 2,284   2,511 -227
e 3,718   4,017 -299
2,102   1,179 923
1,453   1,670 -217
41,733   40,615 1,118
6,255   5,656 599
2,481   2,538 -57
3,721   2,961 760
3,384   3,187 197
2,667   2,516 151
2,024   1,939 85
2,066   1,939 127
2,046   1,663 383
2,108   1,663 445
31   22 9
5,975   7,650 -1,675
2,058   690 1,368
4,368   3,634 734
2,467   2,157 310
4,917   4,005 912
6,112   5,202 910
2,558   2,764 -206
2,478   2,764 -286
7,973   7,382 591
6,166   5,847 319
2,376   2,045 331
5,814   4,746 1,068
2,172   1,778 394
5,566   3,889 1,677
6,245   3,583 2,662
550   509 41
11,876   10,857 1,019
3,496   2,481 1,015
3,501   2,205 1,296
3,368   3,226 142
3,697   3,828 -131
3,982   2,906 1,076
2,758   3,080 -322
3,687   3,695 -8
4,337   3,828 509
2,078   2,072 6
8,781   8,180 601
5,043   4,683 360
4,266   2,594 1,672
2,162   1,907 255
5,117   5,250 -133
2,137   1,168 969
5,474   5,366 108
3,304   2,927 377
991   840 151
2,382   2,049 333
1,984   1,770 214
7,423   5,149 2,274
2,593   1,606 987
2,526   1,607 919
11   9 2
2,058   2,388 -330
6,496   5,044 1,452
86   85 1
118   117 1
99   98 1
111   110 1
124   123 1
117   116 1
99   98 1
94   93 1
78   78  
82   81 1
73   73  
95   94 1
70   68 2
91   88 3
57   55 2
81   78 3
97   93 4
88   85 3
79   76 3
64   62 2
52   51 1
52   50 2
63   60 3
73   71 2
3,605   3,196 409
2,242   1,967 275
2,395   2,262 133
1,052   648 404
2,037   1,765 272
5,318   4,412 906
2,128   2,111 17
2,248   1,730 518
7,213   5,189 2,024
2,902   3,812 -910
3,216   2,547 669
3,276   3,053 223
10,911   10,178 733
12,095   11,195 900
23,130   22,391 739
3,428   3,157 271
11,518   9,329 2,189
4,589   3,732 857
1,985   1,780 205
4,947   4,323 624
2,581   2,299 282
4,832   5,030 -198
2,040   1,478 562
1,741   1,082 659
3,288   2,034 1,254
2,216   2,645 -429
2,746   3,527 -781
2,342   2,016 326
3,232   2,016 1,216
3,735   3,437 298
6,829   11,193 -4,364
2,658   2,457 201
2,511   1,796 715
3,871   4,204 -333
5,812   3,331 2,481
2,282   1,684 598
5,158   3,199 1,959
13,949   7,846 6,103
1,109   3,221 -2,112
2,137   1,132 1,005
16,907   12,835 4,072
19,429   14,992 4,437
2,011   1,373 638
2,532   2,620 -88
3,713   2,375 1,338
1,926   1,456 470
2,420   1,717 703
2,120   1,413 707
12,902   7,355 5,547
2,248   2,441 -193
2,073   1,876 197
2,537   2,008 529
2,570   1,984 586
3,589   2,696 893
2,121   1,733 388
4,663   4,565 98
6,356   5,470 886
9,389   9,205 184
3,318   1,764 1,554
2,001   1,436 565
3,463   3,105 358
2,113   1,774 339
50,000   47,906 2,094
2,179   1,576 603
3,865   2,166 1,699
3,172   1,773 1,399
7,923   6,603 1,320
9,306   6,208 3,098
2,373   2,059 314
6,292   4,072 2,220
4,365   3,332 1,033
2,749   2,016 733
1,576   3,996 -2,420
2,292   2,236 56
2,204   2,236 -32
2,668   2,236 432
1,945   1,852 93
13,448   11,506 1,942
7,637   10,509 -2,872
2,137   1,645 492
      20
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       977
b       -620
c       693
d       -227
e       -299
      923
      -217
      1,118
      599
      -57
      760
      197
      151
      85
      127
      383
      445
      9
      -1,675
      1,368
      734
      310
      912
      910
      -206
      -286
      591
      319
      331
      1,068
      394
      1,677
      2,662
      41
      1,019
      1,015
      1,296
      142
      -131
      1,076
      -322
      -8
      509
      6
      601
      360
      1,672
      255
      -133
      969
      108
      377
      151
      333
      214
      2,274
      987
      919
      2
      -330
      1,452
      1
      1
      1
      1
      1
      1
      1
      1
       
      1
       
      1
      2
      3
      2
      3
      4
      3
      3
      2
      1
      2
      3
      2
      409
      275
      133
      404
      272
      906
      17
      518
      2,024
      -910
      669
      223
      733
      900
      739
      271
      2,189
      857
      205
      624
      282
      -198
      562
      659
      1,254
      -429
      -781
      326
      1,216
      298
      -4,364
      201
      715
      -333
      2,481
      598
      1,959
      6,103
      -2,112
      1,005
      4,072
      4,437
      638
      -88
      1,338
      470
      703
      707
      5,547
      -193
      197
      529
      586
      893
      388
      98
      886
      184
      1,554
      565
      358
      339
      2,094
      603
      1,699
      1,399
      1,320
      3,098
      314
      2,220
      1,033
      733
      -2,420
      56
      -32
      432
      93
      1,942
      -2,872
      492
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 89,879
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) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
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 page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 162,576 3,042,008 0.053444
2008 182,161 3,564,517 0.051104
2007 245,231 5,181,915 0.047324
2006 295,932 4,228,078 0.069992
2005 287,172 4,171,355 0.068844
2 Total of line 1, column (d) ...................... 2 0.290708
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. . . 		3 0.058142
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,289,466
5 Multiply line 4 by line 3....................... 5 191,255
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,308
7 Add lines 5 and 6......................... 7 192,563
8 Enter qualifying distributions from Part XII, line 4.............. 8 151,428
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 on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,616
hereBulletand 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-) 2 0
3 Add lines 1 and 2............................ 3 2,616
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,616
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 874
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 874
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 2
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,744
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a 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?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
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?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNC
    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 .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING & TRUST COMPANY Telephone no.bullet (919) 716-6259
    Located atbullet434 FAYETTEVILLE STRALEIGHNC ZIP+4bullet276011701
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    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 person?
    (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)?.................
    (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.).........
    b
    If any answer is “Yes” to 1a(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 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    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)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    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 page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    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 drive?...............
    (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)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    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 grant?............
    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?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    1     		47,003    
    434 FAYETTEVILLE ST
    RALEIGH,NC276011701
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    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
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    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...................
    1a
    3,339,559
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,339,559
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    3,339,559
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    50,093
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,289,466
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    164,473
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    164,473
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,616
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,616
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    161,857
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    161,857
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    161,857
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    151,428
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    151,428
    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 (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    151,428
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 161,857
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 21,555
    b Total for prior years:2008, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 0
    b From 2006....... 0
    c From 2007....... 0
    d From 2008....... 0
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 151,428
    a Applied to 2009, but not more than line 2a 21,555
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 129,873
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		31,984
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006.... 0
    b Excess from 2007.... 0
    c Excess from 2008.... 0
    d Excess from 2009.... 0
    e Excess from 2010.... 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    NONE
    bList 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
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    WILL CREWS
    223 W NASH ST
    WILSON,NC278933801
    (252) 246-4935
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MAY BE OBTAINED FROM LOCAL HIGH SCHOOL OR ACADEMY OFFICES LOCATED IN HALIFAX COUNTY, NC. MUST PROVIDE COPIES OF PARENTS' W-2 FORM FOR PROOF OF NEED.
    cAny submission deadlines:
    APPLICATION MUST BE SUBMTTED BY MARCH 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS AWARDED TO INDIVIDUALS DOMICILED IN HALIFAX COUNTY, NC FOR AT LEAST TWO YEARS PRIOR TO GRADUATION. MUST HAVE DISTINGUISHED SCHOLASTICS AND NEED FOR ASSISTANCE.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CASEY BISHOP
    c/o EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE N/A COLLEGE SCHOLARSHIP 2,352
    HEATHER BATCHELDER
    c/o EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE N/A COLLEGE SCHOLARSHIP 15,011
    DWIGHT HUNTER
    c/o NC A&T UNIVERSITY
    1601 EAST MARKET ST
    GREENSBORO,NC27411     		NONE N/A COLLEGE SCHOLARSHIP 5,266
    BRIAN JONES
    c/o NC A&T UNIVERSITY
    1601 EAST MARKET ST
    GREENSBORO,NC27411     		NONE N/A COLLEGE SCHOLARSHIP 2,747
    WILLISA MCGEE
    c/o EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE N/A COLLEGE SCHOLARSHIP 550
    RONNELL GREEN
    c/o UNC CHAPEL HILL
    CB 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE N/A COLLEGE SCHOLARSHIP 4,617
    JOHN POWELL
    c/o NC STATE UNIVERSITY
    1008 HARRIS HALL BOX 7313
    RALEIGH,NC276957313     		NONE N/A COLLEGE SCHOLARSHIP 225
    ANTONIO ALSTON
    c/o METHODIST UNIVERSITY
    5400 RAMSEY ST
    FAYETTEVILLE,NC28311     		NONE N/A COLLEGE SCHOLARSHIP 7,309
    FAITH BURNS
    c/o DUKE UNIVERSITY
    2138 CAMPUS DR BOX 90586
    DURHAM,NC277080586     		NONE N/A COLLEGE SCHOLARSHIP 5,192
    TAMALA HARRISON
    c/o UNC CHAPEL HILL
    CB 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE N/A COLLEGE SCHOLARSHIP 7,431
    EMILY MONDS
    c/o UNC CHAPEL HILL
    CD 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE N/A COLLEGE SCHOLARSHIP 18,320
    KATLIN HOWARD
    c/o UNC CHAPEL HILL
    CB 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE N/A COLLEGE SCHOLARSHIP 12,116
    LORANE FERGUSON
    C/O BARTON COLLEGE
    PO BOX 5000
    WILSON,NC27893     		NONE N/A COLLEGE SCHOLARSHIP 24,417
    CASEY GREEN
    C/O UNC-CHAPEL HILL
    CB 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE N/A COLLEGE SCHOLARSHIP 8,791
    JERRIKA ALSTON
    c/o EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE N/A COLLEGE SCHOLARSHIP 4,168
    ASHLEY BISHOP
    c/o EAST CAROLINA UNIVERSITY
    EAST FIFTH STREET
    GREENVILLE,NC278584353     		NONE N/A COLLEGE SCHOLARSHIP 9,999
    ERVIN BRINKLEY
    c/o FAYETTEVILLE STATE
    1200 MURCHISON ROAD
    FAYETTEVILLE,NC28301     		NONE N/A COLLEGE SCHOLARSHIP 9,417
    Total .................................bullet 3a 137,928
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 7,750  
    4 Dividends and interest from securities....     14 80,185  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 89,879  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   177,814  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13177,814
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    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....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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 column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    ETHEL W CRAWLEY MEMORIAL EDUC FUND
    EIN: 56-6534286
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANHEUSER-BUSCH COS INC 4.375% 23,233 26,360
    BANK OF AMERICA CORP 7.4% 26,951 25,041
    FED HOME LOAN MTG CORP 5% 48,432 55,629
    FED HOME LOAN MTG CORP 5.875% 76,485 75,768
    FED NATL MTG ASSN 4.75% 48,315 54,154
    FED NATL MTG ASSN 5.125% 98,353 109,644
    FED NATL MTG ASSON 6% 1,479 1,622
    FED MATL MTG ASSN 6.5% 1,178 1,328
    SBC COMMUNICATIONS 5.875% 52,108 52,638
    WAL-MART STORES INC 4.25% 50,217 53,718
    AMERICAN CENTURY #349 78,762 79,523
    PIMCO FOREIGN BOND 148,921 194,254
    ISHARES BARCLAYS 1-3 YR 93,234 93,852

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    ETHEL W CRAWLEY MEMORIAL EDUC FUND
    EIN: 56-6534286
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT&T INC 15,315 16,747
    ABBOTT LABORATORIES 15,207 14,613
    APPLIED MATERIALS 4,214 5,620
    AMGEN INC    
    ANADARKO PETE CORP 1,692 3,046
    AVERY DENNISON CORP 6,228 11,008
    CHEVRON CORP 12,135 15,513
    CVS CAREMARK CORP 10,558 12,517
    BERKSHIRE HATHAWAY INC DEL 8,075 9,613
    DISNEY, WALT COMPANY 17,701 25,507
    COMCAST CORP CLASS A 11,638 16,697
    CISCO SYSTEMS 11,788 12,947
    CONOCOPHILLIPS 13,776 19,885
    E.I. DUPONT DE NEMOURS COMPANY 2,803 5,986
    EXXON MOBIL CORPORATION 10,446 10,968
    CORNING INC 7,038 10,240
    GENERAL ELECTRIC COMPANY 19,702 17,741
    EMERSON ELECTRIC COMPANY 2,892 5,145
    INTEL 15,058 16,614
    INTERNATIONAL BUSINESS MACHINE 8,025 14,676
    J P MORGAN CHASE & CO 17,461 17,816
    JOHNSON & JOHNSON 13,905 13,916
    MICROSOFT CORP 23,450 27,770
    MEDTRONIC INC 18,728 16,320
    ORACLE SYS CORP 6,293 14,555
    MONSANTO CO    
    PEPSICO INC 12,270 13,393
    PALL CORPORATION 4,009 7,685
    PROCTER AND GAMBLE 6,876 6,755
    QUALCOMM INC 3,797 5,444
    SCHLUMBERGER LTD 15,412 22,545
    SPDR GOLD TRUST    
    SYSCO CORPORATION    
    3M COMPANY    
    US BANCORP 5,767 7,012
    WELLPOINT INC    
    WELLS FARGO & CO 13,234 13,326
    ANHEUSER BUSCH ADR 2,278 2,855
    MERCK & CO INC 16,984 16,398
    TD AMERITRADE HOLDING CORP 6,490 6,267
    THE TRAVELERS COMPANIES INC 10,327 12,813
    KRAFT FOODS INC-A 14,437 16,700
    ABB LTD SPONS ADR 15,406 23,123
    ACCENTURE LTD, CLASS A    
    ISHARES LEHMAN MBS FIXED-RATE    
    ISHARES LEHMAN 1-3 YR CREDIT    
    ISHARES SILVER TR    
    ARTISAN INTER SM CAP 1465 59,939 71,689
    CREDIT SUISSE FUND #2156 80,901 90,994
    AGCO CORP    
    ALEXANDRIA RE 3,984 5,861
    ALLEGHENY ENERGY    
    ALLEGHENY TECH 3,242 6,070
    AMERISOURCEBERGEN CORP 6,336 10,577
    ANNALY CAPITAL MANAGE    
    ANNTAYLOR STORES 2,262 3,835
    APACHE CORP 6,945 10,373
    ATWOOD OCEANICS 3,415 4,484
    AUTODESK INC 6,017 9,168
    BALLY TECH 6,516 7,172
    BANCFIRST CORP 1,806 2,060
    BAXTER 11,057 10,124
    BENCHMARK 3,678 4,177
    BLACKBOARD INC 6,045 7,021
    BRISTOW GROUP INC 2,593 3,788
    CAMPBELL SOUP CO 2,770 2,780
    CASEY'S GENERAL STORES 3,032 4,676
    CELANESE CORP 6,020 9,057
    CHART INDUSTRIES 2,208 4,054
    CHILDRENS PLACE 4,929 6,950
    CHIMERA INVEST    
    CORRECTIONS CORP 2,694 3,258
    ECLIPSYS CORP    
    EDISON INTL COM 3,220 4,246
    EMCOR GROUP 4,047 4,637
    EXELON CORP 3,821 3,331
    FAMILY DOLLAR    
    FIDELITY NATIONAL INFO SERVICE    
    FORWARD AIR CORP 4,554 5,108
    GENUINE PARTS 6,829 9,241
    GOOGLE INC 5,735 8,316
    GREAT PLAINS ENERGY 4,160 4,266
    HARMONIC INC 4,234 5,399
    HEALTH CARE REIT INC 4,151 4,764
    HEWLETT PARCKARD 8,382 7,999
    ITRON INC COMMON 3,707 3,882
    JARDEN CORP 6,454 7,100
    JO-ANN STORES 3,430 8,431
    JUNIPER NETWORKS    
    L 3 COMMUNICATIONS 6,030 5,639
    LAKELAND FINANCIAL 2,901 3,004
    LAM RESH CORP 3,842 6,731
    LAYNE CHRISTENSEN 4,124 5,851
    MAGELLAN HEALTH SERVICES 4,170 6,146
    MARINER ENERGY    
    MEDNAX INC 7,154 9,421
    MERIT MEDICAL 4,818 4,274
    METLIFE INC 16,768 20,442
    MICRO SYSTEMS 2,881 4,386
    MICROCHIP TECH 5,386 6,842
    MOHAWK IND INC 6,899 7,946
    NRG ENERGY INC 6,228 4,299
    NAVIGATORS GROUP 4,562 4,532
    OSI PHARMACEUTICALS    
    OCEANEERING 3,368 4,418
    ONYX PHARMACEUTICALS 7,012 8,480
    PALM INC    
    PANTRY INC 7,417 7,348
    PAREXEL INTL 2,390 4,034
    PARKER HANNIFIN 6,448 11,219
    PEOPLES UNITED FINANCIAL 5,266 4,343
    PETROHAWK ENERGY 5,039 4,015
    PRESTIGE BRANDS HOLDINGS 2,136 3,346
    PSYCHIATRIC SOLUTIONS    
    QUANTA SERVICES 8,505 7,370
    REGENERON 2,422 3,940
    ROCKWOOD HOLDINGS 5,965 9,780
    ROSS STORES 2,728 3,795
    SALLY BEAUTY 4,349 8,282
    SEMTECH CORP 4,356 5,660
    SEMPRA ENERGY 4,650 4,723
    SHAW GROUP INC 6,567 7,188
    SIGNATURE BANK 3,468 5,507
    SOUTHWEST BANCORP 2,760 2,728
    STAPLES INC 5,200 6,148
    STATE STREET CORP 12,688 14,829
    STERIS CORP 2,964 3,646
    SUN HYDRAULICS 2,411 4,914
    SUPERIOR ENERGY 2,216 3,499
    SYNAPTICS INC 2,176 2,350
    TTM TECH 4,451 6,117
    3 COM CORP    
    TORO CO 2,540 4,315
    TRACTOR SUPPLY 3,828 7,758
    UNITED NATURAL FOODS 3,709 5,135
    VALMONT INDUSTRIES 2,452 2,662
    VERISIGN INC    
    VERTEX 3,420 3,503
    WMS INDUSTRIES 3,705 4,072
    WHITNEY HOLDINGS 2,038 3,254
    XENOPORT INC    
    CREDICORP LTD COM 2,299 3,567
    ACERGY SA SPON ADR 2,709 6,334
    ADIDAS AG 7,660 11,241
    AGNICO EAGLE MINES 6,349 8,437
    ALUMINUM CORP OF CHINA ADR    
    AMERICA MOVIL SAB 2,695 3,440
    ARCELORMITTAL 4,799 4,957
    ARM HOLDINGS PLC-SPONS ADR 3,075 10,168
    ATLAS COPCO AB SPONS 2,293 4,039
    ADR AXA-UAP F/K/A AXA SA 8,840 6,681
    BNP PARIBAS 6,684 5,429
    BANCO BRADESCO S A 3,308 4,910
    BANCO SANTANDER CENT HISPANO 6,737 4,899
    BANK OF NOVA SCOTIA 2,836 4,004
    THE BANK OF YOKOHAMA LTD 2,191 2,076
    BARCLAYS PLC-SPONS ADR 6,802 5,286
    BAYER A G 2,130 2,216
    BHP BILLITON LIMITED 10,852 15,796
    BRITISH SKY BROADCAST ADR 2,822 3,687
    CSL LIMITED ADR 2,061 2,604
    CAMECO CORP 4,055 6,057
    CANON INC COMMON 4,468 5,134
    CHINA MOBILE HK LTD 4,015 3,473
    COMPANHIA ENERGETICA 5,137 5,807
    CREDIT SUISSE GROUP 6,361 5,253
    CTRIP.COM INTERNATIONAL    
    DBS GROUP HLDGS SINGAPORE 2,838 3,577
    DANONE SPONS ADR 4,806 5,677
    DEUSTCHE BOERSE 2,035 1,673
    ENI SPA 3,678 3,499
    ELAN CORP INC ADR 3,000 2,292
    ELECTRICITE DE FRANCE    
    ESPRIT HOLDINGS 7,660 5,835
    FANUC LTS ADR 9,231 12,068
    FAST RETAILING CO 2,789 2,551
    FRANCE TELECOM 1,780 1,476
    GDF SUEZ SPONS ADR 2,802 2,521
    GAZPROM 8,665 10,000
    HDFC BANK LTD ADR 3,365 5,013
    HSBC HLDGS PLC ADR 4,892 4,594
    HANG LUNG PROPERTIES ADR 2,140 2,806
    HENKEL KGAA 3,905 6,276
    HUANENG PWR INT'L    
    ICAP PLC 4,882 5,696
    INDUSTRIAL AND COMM BANK CHINA 2,252 2,234
    INFOSYS TECH ADR    
    ITAU UNIBANCO BANCO MULT 3,188 4,490
    MINING AND METALLURGICAL ADR 2,901 6,440
    JUPITER COMMUN ADR    
    KB FINANCIAL GRP 2,509 2,645
    MANULIFE FINL CORP 3,304 2,749
    MARUI LTD ADR 2,738 3,102
    MCDERMOTT INTERNL    
    MITSUBISHI UJF FIN GRP 2,678 2,272
    MTN GROUP LTD ADR    
    NESTLE SA ADR 4,352 6,461
    NEW ORIENTAL EDUC ADR 2,302 3,157
    NIDEC CORP 1,967 2,771
    NINTENDO ADR 3,974 4,407
    NOMURA HOLDINGS 4,032 3,828
    NOVARTIS A G ADR 4,509 5,895
    NOV0-NORDISK A S ADR 2,394 4,503
    PETROCHINA 3,460 3,945
    PETROLEO BRASILEIRO 6,308 5,676
    PRUDENTIAL PLC 3,011 3,963
    RIO TINTO PLC ADR 3,637 5,016
    ROCHE HOLDING LTD 6,576 6,247
    SAP AKTIENGESELLSCHAFT 7,071 7,591
    SHIN-ETSU CHEMICAL 2,145 2,170
    SHIRE PHARMACEUTICALS 6,023 8,686
    SIEMENS AG ADR 4,086 6,212
    SMITH & NEPHEW ADR 3,174 4,204
    SOCIEDAD QUIMICA MINERA CHILE 2,382 3,505
    SONY FINANCIAL ADR 2,084 2,835
    SUMITOMO CORP 4,644 6,375
    THE SUMITO TR & BANKING CO 3,629 3,977
    SUNCOR ENERGY INC 18,517 22,974
    SYNGENTA AG ADR 2,281 2,939
    TAIWAN SEMICONDUCTOR MANUF 2,726 3,260
    TELEFONICA S A 2,971 2,737
    TENCENT HOLDINGS ADR 2,096 2,825
    TESCO PLC SPONS ADR 6,249 6,787
    TEVA PHARMACEUTICAL ADR 2,072 2,085
    TOTAL S A SPONSORED 5,509 5,348
    TOYOTA MOTOR CORP ADR 6,798 6,290
    UNILEVER PLC ADR 11,544 15,131
    VALE SA SP ADR 3,446 5,877
    VESTAS WIND SYSTEMS ADR 5,889 3,589
    VODAFONE GROUP 6,396 8,990
    WAL-MART DE MEXICO 1,778 2,861
    WESTPAC BANKING 3,868 4,578
    ALLIED WORLD ASSURANCE HOLDING    
    ARCH CAPITAL GRP 5,652 7,924
    INVESCO 6,380 7,459
    PARTNERRE HOLDINGS 6,465 7,231
    LOGITECH INTERNL 4,141 4,823
    TRANSOCEAN LTD    
    MILLICOM INTL CELLULAR 4,536 5,736
    CHECKPOINT SOFTWARE TECH 5,482 9,252
    VAL SA SP PREF ADR 3,753 6,346
    ARCHER-DANIELS-MIDLAND CO    
    BB&T MID CAP VALUE FD #312    
    BB&T MID CAP GROWTH FD #313    
    BB&T SMALL CAP FD #314    
    BB&T SPECIAL OPPORTUNITIES#321    
    BANK OF AMERICA CORP 13,232 12,406
    CLOROX CO    
    DELL INC    
    DUKE ENERGY CORPORATION    
    HERSHEY FOODS    
    EBAY INC    
    HOME DEPOT INC    
    ISHARES S&P SMALLCAP 600    
    KIMBERLY-CLARK CORP    
    ISHARES S&P MIDCAP 400 INDEX    
    MARATHON OIL CORPORATION    
    NIKE INC CLASS B    
    SMITH INTL INC    
    VERIZON COMMUNICATIONS INC    
    WAL-MART STORES 6,133 6,472
    INGERSOLL RAND COMPANY LIMITED    
    ILLINOIS TOLL WORKS    
    ISHARES MSCI EMERGING MARKETS    
    ISHARES MSCI EAFE INDEX FUND    
    MYLAN LABORATORIES    
    TARGET CORP 6,219 7,216
    UNITED PARCEL SERVICES B    
    FEDERATED TOTAL RTN GOVT #647    
    PFIZER INC 2,030 2,451
    AECOM TECH CORP 4,253 4,196
    AIXTRON AG ADR 2,784 3,720
    ALCOA INC 18,303 20,007
    ALLEGIANT TRAVEL COMPANY 4,717 4,432
    ALLSCRIPTS HEALTHCARE 5,239 6,937
    AMERICAN EXPRESS 3,150 3,004
    ANGLO AMERICAN PLC 2,111 2,350
    APPLE COMPUTERS 15,688 19,354
    BABCOCK & WILCOX 2,855 3,327
    BAYERISCHE MOTOREN WERKE 4,369 4,983
    BUCYRUS INTL INC 1,024 1,788
    CALGON CAROBN CORP 2,145 2,117
    CANADIAN NATL RY CO 1,989 1,994
    CENOVUS ENERGY 17,026 18,614
    COCA COLA 2,320 2,631
    COMERICA INC 2,351 2,534
    COMPAGNIE FINANCIERE RICHEMONT 2,042 2,183
    COMPLETE PRODUCTION SERVICES 2,132 2,069
    CROWN HOLDINGS INC 4,134 4,673
    CYMER 2,073 3,155
    DISCOVER FINANCIAL SVC 4,737 5,744
    ELECTRICITE DE FRANCE 2,880 2,432
    ENERSYS 6,966 7,388
    FEDEX 1,694 1,860
    FUEL SYSTEMS SOLUTIONS 2,206 2,057
    GAFISA 4,283 4,359
    GLOBAL PAYMENTS INC 2,435 2,773
    INTERDIGITAL INC 2,176 2,498
    INTL PAPER COMPANY 9,635 11,441
    INVESTMENT TECH GROUP 2,104 2,292
    ION GEOPHYSICAL CORP 2,752 5,427
    ISHARES FTSE/XINHUA CHINA 25 2,028 2,155
    J CREW GROUP INC 5,574 6,902
    JOS A BANK CLOTHIERS 4,577 4,435
    KINGFISHIER PLC SPONS ADR 2,070 2,557
    KROGER COMPANY 4,228 4,472
    LOCKHEED MARTIN 6,847 6,292
    LOWE'S COMPANIES 12,975 13,042
    MACQUARIE GROUP LIMITED LTD 2,255 2,656
    MITSUI & CO LTD 3,106 3,277
    MONSTER WORLDWIDE INC 3,541 4,253
    MORGAN STANLEY 11,107 11,156
    NOKIA CORP 3,602 2,786
    NORTHERN OIL ADN GAS 2,384 2,721
    LUKOIL 2,293 2,256
    PEABODY ENERGY CORP 4,767 5,758
    PORTFOLIO RECOVERY ASSOC 2,655 3,008
    SANDVIK AB 3,195 4,875
    SOUTHWEST AIRLINES 8,964 9,216
    STRYKER CORP 2,366 2,685
    TECK CORP 4,567 7,420
    TEXAS INSTRUMENTS 6,002 5,850
    USIMINAS SA 2,113 1,616
    VARIAN SEMI CONDUCTOR EQUIP 2,281 2,958
    WESTERN DIGITAL 3,792 3,729
    WHIRLPOOL 4,141 4,441
    XLINX 2,288 2,608
    ZOLTEK 2,107 2,777
    AMDOCS 2,199 2,198
    COVIDIEN 10,087 12,328
    XL CAPITAL 3,860 4,582
    WEATHERFORD 1,824 2,964
    TYCO INTL 17,271 18,234
    TYCO ELECTRONIC 18,495 22,302

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    ETHEL W CRAWLEY MEMORIAL EDUC FUND
    EIN: 56-6534286
    US Government Securities - End of Year Book Value:

    151,473
    US Government Securities - End of Year Fair Market Value:

    166,469
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2010 OtherDecreasesSchedule
    Name:
    ETHEL W CRAWLEY MEMORIAL EDUC FUND
    EIN: 56-6534286
    Description Amount
    DIFF IN MUTUAL FDS REC/REPORTED 1,585


    TY 2010 OtherExpensesSchedule
    Name:
    ETHEL W CRAWLEY MEMORIAL EDUC FUND
    EIN: 56-6534286
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AD VALOREM TAX 1,956 0   0
    REAL EST INSURANCE 2,448 0   0
    INSPECTION FEES 1,200 0   0
    ADR FEES 215 0   0
    CHECKING ACCOUNT FEES 36 0   0


    TY 2010 OtherIncreasesSchedule
    Name:
    ETHEL W CRAWLEY MEMORIAL EDUC FUND
    EIN: 56-6534286
    Description Amount
    ADJUSTMENT FOR ROUNDING 9