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
THE FLAGLER FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 14624   Room/suite
City or town, state, and ZIP code
RICHMOND, VA23221
A Employer identification number

54-6051282
B Telephone number (see page 10 of the instructions)

(804) 639-0399
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$18,590,963J 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 417 417  
4 Dividends and interest from securities...... 375,996 375,996  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 138,643
b Gross sales price for all assets on line 6a 10,404,279
7 Capital gain net income (from Part IV, line 2)... 138,643
8 Net short-term capital gain.........  
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)....... Click to see attachment 10,330 10,330  
12 Total. Add lines 1 through 11........ 525,386 525,386  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,500 0   12,500
14 Other employee salaries and wages...... 10,000 5,000   5,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,162 1,897   1,265
b Accounting fees (attach schedule)....... Click to see attachment 6,596 3,958   2,638
c Other professional fees (attach schedule).... Click to see attachment 14,676 14,676   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 822 417   405
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 3,300 1,980   1,320
21 Travel, conferences, and meetings....... 425 0   425
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,155 1,272   883
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,636 29,200   24,436
25 Contributions, gifts, grants paid........ 886,500 886,500
26 Total expenses and disbursements. Add lines 24 and 25 940,136 29,200   910,936
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -414,750
b Net investment income (if negative, enter -0-) 496,186
c Adjusted net income (if negative, enter -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............... 22,420 64,602 64,602
2 Savings and temporary cash investments.......... 1,821,944 502,942 502,942
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,856,749 Click to see attachment242,107 249,984
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 12,627,138 Click to see attachment15,103,862 16,848,435
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment705,000 Click to see attachment925,000 Click to see attachment925,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,033,251 16,838,513 18,590,963
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................... 705,000 925,000
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) Click to see attachment5 Click to see attachment17
23 Total liabilities (add lines 17 through 22).......... 705,005 925,017
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 16,328,246 15,913,496
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 16,328,246 15,913,496
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 17,033,251 16,838,513
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 16,328,246
2 Enter amount from Part I, line 27a...................... 2 -414,750
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 15,913,496
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 15,913,496
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 185 SHS ASML HLDG NV NY REG SHS P 2009-01-01 2010-01-12
b 130 SHS APOLLO GROUP INC COM CL A P 2009-01-01 2010-01-20
c 88 SHS APOLLO GROUP INC COM CL A P 2009-01-01 2010-01-20
d 52 SHS APOLLO GROUP INC COM CL A P 2009-01-01 2010-01-20
e 104 SHS SOUTHWESTERN ENERGY CO COM P 2009-01-01 2010-01-20
243 SHS SOUTHWESTERN ENERGY CO COM P 2009-01-01 2010-01-20
103 SHS SOUTHWESTERN ENERGY CO COM P 2009-01-01 2010-01-20
20 SHS BAIDU INC SPONS ADR P 2009-01-01 2010-01-22
130 SHS UNITED STS STL CORP NEW COM P 2009-01-01 2010-01-26
435 SHS WHOLE FOODS MKT INC COM P 2009-01-01 2010-01-26
100 SHS JOY GLOBAL INC COM P 2009-01-01 2010-01-26
55 SHS PEABODY ENERGY CORP COM P 2009-01-01 2010-01-26
85 SHS PEABODY ENERGY CORP COM P 2009-01-01 2010-01-26
735 SHS MORGAN STANLEY COM NEW P 2009-01-01 2010-01-26
20 SHS NETEASE COM INC SPONS ADR P 2009-01-01 2010-01-27
98 SHS NETEASE COM INC SPONS ADR P 2009-01-01 2010-01-27
72 SHS NETEASE COM INC SPONS ADR P 2009-01-01 2010-01-27
250 SHS UNITED STS STL CORP NEW COM P 2009-01-01 2010-01-29
75 SHS QUALCOMM CORP COM P 2009-01-01 2010-02-02
265 SHS QUALCOMM CORP COM P 2009-01-01 2010-02-02
3900.156 SHS T ROWE PRICE REAL ESTATE SHS P 2009-01-01 2010-02-05
86 SHS TRANSOCEAN LTD CHF15 SHS P 2009-01-01 2010-02-23
53 SHS TRANSOCEAN LTD CHF15 SHS P 2009-01-01 2010-02-23
211 SHS GILEAD SCIENCES INC COM P 2009-01-01 2010-02-25
14532.243 SHS PIMCO TOTAL RETURN FD-I P 2009-01-01 2010-03-04
15080.113 SHS RIDGEWORTH FD-TOTAL RETURN BD #800 P 2009-01-01 2010-03-04
4882.813 SHS T ROWE PRICE REAL ESTATE SHS P 2009-01-01 2010-03-19
3365.115 SHS FEDERATED EQUITY FDS FED CAP APP FD P 2009-01-01 2010-03-19
4288.165 SHS RIDGEWORTH FD-LARGECAP VAL EQTY#512 P 2009-01-01 2010-03-19
6302.521 SHS RIDGEWORTH FD-SMALLCAP VAL EQTY #588 P 2009-01-01 2010-03-19
101 SHS GUESS INC COM P 2009-01-01 2010-03-22
89 SHS GUESS INC COM P 2009-01-01 2010-03-22
195 SHS LAS VEGAS SANDS CORP COM P 2009-01-01 2010-03-22
90 SHS LAS VEGAS SANDS CORP COM P 2009-01-01 2010-03-22
45 SHS LAS VEGAS SANDS CORP COM P 2009-01-01 2010-03-22
160 SHS MYLAN INC COM P 2009-01-01 2010-03-31
23 SHS ORACLE CORP COM P 2009-01-01 2010-03-31
112 SHS ORACLE CORP COM P 2009-01-01 2010-03-31
5 SHS TJX COS INC COM NEW P 2009-01-01 2010-04-05
205 SHS TJX COS INC COM NEW P 2009-01-01 2010-04-05
196 SHS TJX COS INC COM NEW P 2009-01-01 2010-04-05
164 SHS TJX COS INC COM NEW P 2009-01-01 2010-04-05
1733.103 SHS RIDGEWORTH FD-MIDCAP VAL EQTY #412 P 2009-01-01 2010-04-09
87792.641 SHS RIDGEWORTH FD-LARGECAP VAL EQTY #512 P 2009-01-01 2010-04-09
678.119 SHS GOLDMAN SACHS GROWTH OPPTYS-I P 2009-01-01 2010-04-09
5000 SHS ISHARES TR RUSSELL 1000 GROWTH INDEX P 2009-01-01 2010-04-13
660 SHS QUALCOMM CORP COM P 2009-01-01 2010-04-27
540 SHS HALLIBURTON CO COM P 2009-01-01 2010-04-28
40 SHS BAXTER INTL INC COM P 2009-01-01 2010-04-28
550 SHS BAXTER INTL INC COM P 2009-01-01 2010-04-28
65 SHS GOLDMAN SACHS GROUP INC COM P 2009-01-01 2010-04-29
275 SHS ROBERT HALF INTL INC COM P 2009-01-01 2010-05-03
190 SHS ROBERT HALF INTL INC COM P 2009-01-01 2010-05-03
47 SHS ROBERT HALF INTL INC COM P 2009-01-01 2010-05-03
13 SHS ROBERT HALF INTL INC COM P 2009-01-01 2010-05-03
290 SHS WAL-MART STORES INC COM P 2009-01-01 2010-05-12
205 SHS WAL-MART STORES INC COM P 2009-01-01 2010-05-12
15 SHS WAL-MART STORES INC COM P 2009-01-01 2010-05-12
135 SHS PEABODY ENERGY CORP COM P 2009-01-01 2010-05-24
105331.47 SHS FEDERATED EQUITY FDS CAP APP FD P 2009-01-01 2010-06-03
35 SHS INTERNATIONAL BUSINESS MACHS COM P 2009-01-01 2010-06-03
19700 SHS ISHARES TR RUSSELL 1000 GROWTH INDEX P 2009-01-01 2010-06-07
175 SHS ANADARKO PETE CORP COM P 2009-01-01 2010-06-14
190 SHS GAMESTOP CORP NEW CL A COM P 2009-01-01 2010-06-18
7986.447 SHS GOLDMAN SACHS GROWTH OPPTYS-I P 2009-01-01 2010-06-24
10416.666 SHS RIDGEWORTH FD-MIDCAP VAL EQTY #412 P 2009-01-01 2010-06-24
1516.3 SHS MFS SER TR I RESH INTL-I P 2009-01-01 2010-06-24
15567.766 SHS RIDGEWORTH FD-TOTAL RETURN BD-I #800 P 2009-01-01 2010-06-24
15165.031 SHS PIMCO TOTAL RETURN FD-I P 2009-01-01 2010-06-24
380 SHS WAL-MART STORES INC COM P 2009-01-01 2010-06-30
150 SHS PHILIP MORRIS INTL COM P 2009-01-01 2010-06-30
70 SHS COLGATE PALMOLIVE CO COM P 2009-01-01 2010-06-30
32 SHS AMGEN INC COM P 2009-01-01 2010-06-30
118 SHS AMGEN INC COM P 2009-01-01 2010-06-30
182 SHS COSTCO WHOLESALE CORP COM P 2009-01-01 2010-06-30
198 SHS COSTCO WHOLESALE CORP COM P 2009-01-01 2010-06-30
100 SHS THERMO FISHER SCIENTIFIC INC COM P 2009-01-01 2010-06-30
410 SHS WELLPOINT INC COM P 2009-01-01 2010-06-30
20 SHS BECTON DICKINSON & CO COM P 2009-01-01 2010-06-30
52 SHS MCAFEE INC COM P 2009-01-01 2010-06-30
210 SHS BECTON DICKINSON & CO COM P 2009-01-01 2010-06-30
231 SHS MCAFEE INC COM P 2009-01-01 2010-06-30
212 SHS MCAFEE INC COM P 2009-01-01 2010-06-30
170 SHS URBAN OUTFITTERS INC COM P 2009-01-01 2010-07-13
60 SHS AMAZON INC COM P 2009-01-01 2010-07-13
4 SHS BANK OF AMERICA CORP COM P 2009-01-01 2010-07-22
399 SHS BANK OF AMERICA CORP COM P 2009-01-01 2010-07-22
638 SHS BANK OF AMERICA CORP COM P 2009-01-01 2010-07-22
594 SHS BANK OF AMERICA CORP COM P 2009-01-01 2010-07-22
130 SHS PARKER HANNIFIN CORP COM P 2009-01-01 2010-07-26
20 SHS UNION PACIFIC CORP FOM P 2009-01-01 2010-07-26
90 SHS UNION PACIFIC CORP COM P 2009-01-01 2010-07-26
1510 SHS CISCO SYS INC COM P 2009-01-01 2010-07-28
800 SHS HONEYWELL INTL INC COM P 2009-01-01 2010-07-28
280 SHS CHURCH & DWIGHT INC COM P 2009-01-01 2010-07-28
455 SHS PRICE T ROWE GROUP INC COM P 2009-01-01 2010-07-28
1025 SHS HARTFORD FINL SVCS GROUP INC COM P 2009-01-01 2010-07-28
325 SHS COLGATE PALMOLIVE CO COM P 2009-01-01 2010-07-28
815 SHS ADOBE SYS INC COM P 2009-01-01 2010-07-28
385 SHS URBAN OUTFITTERS INC COM P 2009-01-01 2010-07-28
355 SHS 3M CO COM P 2009-01-01 2010-07-28
495 SHS CAPITAL ONE FINL CORP COM P 2009-01-01 2010-07-28
425 SHS APPLE INC COM P 2009-01-01 2010-07-28
2180 SHS ORACLE CORP COM P 2009-01-01 2010-07-28
560 SHS AMGEN INC COM P 2009-01-01 2010-07-28
595 SHS CARNIVAL CORP COM P 2009-01-01 2010-07-28
425 SHS NETEASE COM INC SPONS ADR P 2009-01-01 2010-07-28
390 SHS PRAXAIR INC COM P 2009-01-01 2010-07-28
665 SHS ANALOG DEVICES INC COM P 2009-01-01 2010-07-28
685 SHS COACH INC COM P 2009-01-01 2010-07-28
215 SHS JOY GLOBAL INC COM P 2009-01-01 2010-07-28
124 SHS GOOGLE INC CL A COM P 2009-01-01 2010-07-28
340 SHS PARKER HANNIFIN CORP COM P 2009-01-01 2010-07-28
475 SHS VISA INC CL A COM P 2009-01-01 2010-07-28
815 SHS SCHLUMBERGER LTD COM P 2009-01-01 2010-07-28
330 SHS OCCIDENTAL PETE CORP COM P 2009-01-01 2010-07-28
930 SHS PHILIP MORRIS INTL COM P 2009-01-01 2010-07-28
700 SHS LAS VEGAS SANDS CORP COM P 2009-01-01 2010-07-28
1190 SHS MYLAN INC COM P 2009-01-01 2010-07-28
65 SHS PRICELINE.COM INC NEW COM P 2009-01-01 2010-07-28
495 SHS DOVER CORP COM P 2009-01-01 2010-07-28
415 SHS KOHLS CORP COM P 2009-01-01 2010-07-28
625 SHS UNITED PARCEL SVC INC CL B COM P 2009-01-01 2010-07-28
370 SHS VIACOM INC NEW CL B P 2009-01-01 2010-07-28
660 SHS EMERSON ELEC CO COM P 2009-01-01 2010-07-28
295 SHS SALESFORCE COM INC COM P 2009-01-01 2010-07-28
1665 SHS EMC CORP MASS COM P 2009-01-01 2010-07-28
240 SHS BAIDU INC SPONS ADR P 2009-01-01 2010-07-28
395 SHS THERMO FISHER SCIENTIFIC INC COM P 2009-01-01 2010-07-28
580 SHS BAKER HUGHES INC COM P 2009-01-01 2010-07-28
580 SHS BED BATH & BEYOND INC COM P 2009-01-01 2010-07-28
415 SHS PEABODY ENERGY CORP COM P 2009-01-01 2010-07-28
88 SHS GOLDMAN SACHS GROUP INC COM P 2009-01-01 2010-07-28
665 SHS HUNT J B TRANS SVCS INC COM P 2009-01-01 2010-07-28
870 SHS JUNIPER NETWORKS INC COM P 2009-01-01 2010-07-28
620 SHS EXPRESS SCRIPTS INC COM P 2009-01-01 2010-07-28
710 SHS GAMESTOP CORP NEW CL A COM P 2009-01-01 2010-07-28
2320 SHS INTEL CORP COM P 2009-01-01 2010-07-28
255 SHS AMAZON INC COM P 2009-01-01 2010-07-28
720 SHS CAMERON INTL CORP COM P 2009-01-01 2010-07-28
475 SHS BROADCOM CORP CL A COM P 2009-01-01 2010-07-28
405 SHS GUESS INC COM P 2009-01-01 2010-07-28
990 SHS INTERNATIONAL PAPER CO COM P 2009-01-01 2010-07-28
1485 SHS MICROSOFT CORP COM P 2009-01-01 2010-07-28
220 SHS LUBRIZOL CORP COM P 2009-01-01 2010-07-28
125 SHS INTERNATIONAL BUSINESS MACHS COM P 2009-01-01 2010-07-28
495 SHS ILLINOIS TOOL WKS INC COM P 2009-01-01 2010-07-28
280 SHS UNION PACIFIC CORP COM P 2009-01-01 2010-07-28
480 SHS BORG WARNER INC COM P 2009-01-01 2010-07-28
520 SHS ASML HLDG NV NY REG SHS P 2009-01-01 2010-07-28
440 SHS ALLERGAN INC COM P 2009-01-01 2010-07-28
490 SHS HANSEN NATURAL CORP COM P 2009-01-01 2010-07-28
205 SHS EOG RESOURCES INC COM P 2009-01-01 2010-07-28
150 SHS CERNER CORP COM P 2009-01-01 2010-07-28
53 SHS INTUITIVE SURGICAL INC COM P 2009-01-01 2010-07-28
355 SHS ESTEE LAUDER COS INC COM CL A P 2009-01-01 2010-07-28
560 SHS SCRIPPS NETWORKS INTERACTIVE CL A P 2009-01-01 2010-07-28
9696.186 SHS T ROWE PRICE REAL ESTATE FD P 2009-01-01 2010-08-16
3270.111 SHS HARBOR CAP APPRECIATION-I P 2009-01-01 2010-08-16
4201.681 SHS THE JENSEN PORTFOLIO-I P 2009-01-01 2010-08-16
9205.984 SHS JPMORGAN TR I US EQUITY-I P 2009-01-01 2010-08-16
6811.99 SHS RIDGEWORTH FD-LARGECAP VAL EQTY#512 P 2009-01-01 2010-08-16
4448.399 SHS HARTFORD DIVIDEND & GROWTH-Y P 2009-01-01 2010-08-16
2427.184 SHS GOLDMAN SACHS GROWTH OPPTYS-I P 2009-01-01 2010-08-16
3913.894 SHS RIDGEWORTH FD-MIDCAP VAL EQTY #412 P 2009-01-01 2010-08-16
1839.588 SHS MFS RESEARCH INTL-I P 2009-01-01 2010-08-16
466.527 SHS DREYFUS/TBC SMALLCAP GROWTH-I P 2009-01-01 2010-08-16
964.785 SHS LEGG MASON BATTERYMRC EMRG MKTS-I P 2009-01-01 2010-08-16
5820.722 SHS JPMORGAN TR I US EQUITY-I P 2009-01-01 2010-08-24
819.672 SHS HARBOR CAP APPRECIATION-I P 2009-01-01 2010-08-24
2306.273 SHS RIDGEWORTH FD-LARGECAP VAL EQTY#512 P 2009-01-01 2010-08-24
1060.22 SHS THE JENSEN PORTFOLIO-I P 2009-01-01 2010-08-24
1499.7 SHS HARTFORD DIVIDEND & GROWTH-Y P 2009-01-01 2010-08-24
1483.68 SHS MFS RESEARCH INTL-I P 2009-01-01 2010-08-24
13546.256 SHS JPMORGAN TR I US EQUITY-I P 2009-01-01 2010-09-16
2949.395 SHS HARBOR CAP APPRECIATION-I P 2009-01-01 2010-09-16
3797.98 SHS THE JENSEN PORTFOLIO-I P 2009-01-01 2010-09-16
4864.488 SHS MFS RESEARCH INTL-I P 2009-01-01 2010-09-16
3070.577 SHS GOLDMAN SACHS GROWTH OPPTYS-I P 2009-01-01 2010-09-16
3597.944 SHS HARTFORD DIVIDEND & GROWTH-Y P 2009-01-01 2010-09-16
5443.371 SHS RIDGEWORTH FD-LARGECAP VAL EQTY#512 P 2009-01-01 2010-09-16
4948.646 SHS RIDGEWORTH FD-MIDCAP VAL EQTY #412 P 2009-01-01 2010-09-16
699.606 SHS DREYFUS/TBC SMALLCAP GROWTH-I P 2009-01-01 2010-09-16
2521.009 SHS RIDGEWORTH FD-SMALLCAP VAL EQTY #588 P 2009-01-01 2010-09-16
912.409 SHS LEGG MASON BATTERYMRC EMRG MKTS-I P 2009-01-01 2010-09-16
7925 SHS VANGUARD BD INDEX SHORT TERM BD ETF P 2009-01-01 2010-09-20
9370.727 SHS DREYFUS/TBC SMALLCAP GROWTH-I P 2009-01-01 2010-12-20
CAPITAL GAINS 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 6,358   4,054 2,304
b 7,739   9,014 -1,275
c 5,239   5,756 -517
d 3,097   3,267 -170
e 5,060   3,307 1,753
11,831   7,610 4,221
5,035   2,878 2,157
8,891   2,706 6,185
7,875   5,533 2,342
12,967   8,927 4,040
5,444   4,230 1,214
2,542   1,770 772
3,917   2,736 1,181
21,601   18,055 3,546
676   800 -124
3,281   3,915 -634
2,409   2,472 -63
13,000   9,697 3,303
3,185   3,161 24
11,290   11,167 123
50,000   84,087 -34,087
7,141   10,733 -3,592
4,401   6,383 -1,982
10,120   7,977 2,143
160,000   157,341 2,659
160,000   149,928 10,072
75,000   105,273 -30,273
60,000   49,400 10,600
50,000   68,911 -18,911
75,000   114,448 -39,448
4,630   3,692 938
4,083   2,538 1,545
3,902   2,549 1,353
1,830   1,105 725
919   552 367
3,544   2,396 1,148
589   547 42
2,863   2,653 210
217   192 25
8,899   7,407 1,492
8,477   6,150 2,327
7,117   5,126 1,991
20,000   25,130 -5,130
1,050,000   1,410,828 -360,828
15,000   14,125 875
262,303   251,600 10,703
25,748   27,850 -2,102
18,565   18,435 130
1,999   2,355 -356
27,412   30,934 -3,522
10,032   10,804 -772
7,659   7,554 105
5,299   5,033 266
1,326   1,245 81
366   344 22
15,209   16,179 -970
10,731   9,872 859
788   720 68
5,199   4,748 451
1,744,289   1,545,921 198,368
4,402   3,717 685
956,720   980,214 -23,494
7,105   12,293 -5,188
3,919   5,006 -1,087
165,000   156,902 8,098
110,000   151,042 -41,042
20,000   20,766 -766
170,000   154,601 15,399
170,000   164,333 5,667
18,780   18,300 480
7,002   7,599 -597
5,576   4,553 1,023
1,823   2,049 -226
6,707   7,467 -760
10,288   10,987 -699
11,221   11,883 -662
5,124   5,847 -723
21,268   25,360 -4,092
1,389   1,738 -349
1,641   1,882 -241
14,532   17,968 -3,436
7,276   6,875 401
6,702   6,310 392
5,779   6,562 -783
6,955   8,858 -1,903
53   75 -22
5,297   6,439 -1,142
8,481   7,743 738
7,892   7,173 719
7,659   8,078 -419
1,394   1,447 -53
6,250   5,665 585
35,281   20,414 14,867
35,007   29,349 5,658
18,933   15,113 3,820
22,151   22,544 -393
23,878   29,627 -5,749
27,240   17,138 10,102
23,794   33,312 -9,518
12,899   12,858 41
30,756   30,689 67
20,466   14,052 6,414
112,060   61,362 50,698
53,403   29,201 24,202
30,777   32,960 -2,183
20,650   21,941 -1,291
15,715   13,782 1,933
33,482   23,326 10,156
20,645   22,024 -1,379
25,553   24,152 1,401
12,459   6,980 5,479
61,269   56,775 4,494
20,752   18,802 1,950
36,349   29,060 7,289
47,125   51,143 -4,018
26,500   24,440 2,060
47,518   41,724 5,794
17,755   9,464 8,291
21,652   15,924 5,728
15,005   12,874 2,131
23,686   20,054 3,632
20,259   15,823 4,436
40,640   36,884 3,756
12,217   12,726 -509
33,151   22,106 11,045
29,151   12,691 16,460
33,607   19,482 14,125
19,443   4,681 14,762
18,228   20,239 -2,011
28,031   24,767 3,264
22,309   25,696 -3,387
18,589   14,770 3,819
13,011   14,492 -1,481
23,902   17,532 6,370
24,487   15,795 8,692
26,954   16,106 10,848
14,541   17,299 -2,758
50,018   50,069 -51
29,492   24,793 4,699
28,100   27,359 741
17,905   13,037 4,868
14,894   12,700 2,194
25,283   26,906 -1,623
38,738   27,492 11,246
20,368   19,065 1,303
16,115   10,016 6,099
21,578   16,375 5,203
20,948   16,272 4,676
20,621   17,890 2,731
16,611   11,825 4,786
26,895   24,932 1,963
21,107   19,135 1,972
20,533   22,329 -1,796
11,519   11,769 -250
17,714   6,312 11,402
22,523   18,977 3,546
23,614   22,417 1,197
150,000   204,174 -54,174
100,000   104,022 -4,022
100,000   106,975 -6,975
80,000   81,933 -1,933
75,000   109,469 -34,469
75,000   81,539 -6,539
50,000   47,306 2,694
40,000   51,537 -11,537
25,000   21,615 3,385
20,000   18,759 1,241
20,000   19,556 444
50,000   51,804 -1,804
25,000   26,074 -1,074
25,000   37,062 -12,062
25,000   26,993 -1,993
25,000   27,490 -2,490
20,000   17,433 2,567
123,000   120,562 2,438
95,000   93,820 1,180
94,000   96,697 -2,697
70,000   57,158 12,842
67,000   59,846 7,154
63,000   65,950 -2,950
62,000   87,475 -25,475
53,000   62,600 -9,600
32,000   28,131 3,869
30,000   45,252 -15,252
20,000   18,467 1,533
645,108   632,466 12,642
513,797   317,776 196,021
57,189     57,189
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       2,304
b       -1,275
c       -517
d       -170
e       1,753
      4,221
      2,157
      6,185
      2,342
      4,040
      1,214
      772
      1,181
      3,546
      -124
      -634
      -63
      3,303
      24
      123
      -34,087
      -3,592
      -1,982
      2,143
      2,659
      10,072
      -30,273
      10,600
      -18,911
      -39,448
      938
      1,545
      1,353
      725
      367
      1,148
      42
      210
      25
      1,492
      2,327
      1,991
      -5,130
      -360,828
      875
      10,703
      -2,102
      130
      -356
      -3,522
      -772
      105
      266
      81
      22
      -970
      859
      68
      451
      198,368
      685
      -23,494
      -5,188
      -1,087
      8,098
      -41,042
      -766
      15,399
      5,667
      480
      -597
      1,023
      -226
      -760
      -699
      -662
      -723
      -4,092
      -349
      -241
      -3,436
      401
      392
      -783
      -1,903
      -22
      -1,142
      738
      719
      -419
      -53
      585
      14,867
      5,658
      3,820
      -393
      -5,749
      10,102
      -9,518
      41
      67
      6,414
      50,698
      24,202
      -2,183
      -1,291
      1,933
      10,156
      -1,379
      1,401
      5,479
      4,494
      1,950
      7,289
      -4,018
      2,060
      5,794
      8,291
      5,728
      2,131
      3,632
      4,436
      3,756
      -509
      11,045
      16,460
      14,125
      14,762
      -2,011
      3,264
      -3,387
      3,819
      -1,481
      6,370
      8,692
      10,848
      -2,758
      -51
      4,699
      741
      4,868
      2,194
      -1,623
      11,246
      1,303
      6,099
      5,203
      4,676
      2,731
      4,786
      1,963
      1,972
      -1,796
      -250
      11,402
      3,546
      1,197
      -54,174
      -4,022
      -6,975
      -1,933
      -34,469
      -6,539
      2,694
      -11,537
      3,385
      1,241
      444
      -1,804
      -1,074
      -12,062
      -1,993
      -2,490
      2,567
      2,438
      1,180
      -2,697
      12,842
      7,154
      -2,950
      -25,475
      -9,600
      3,869
      -15,252
      1,533
      12,642
      196,021
      57,189
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 2 138,643
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 827,297 15,377,832 0.053798
2008 1,072,328 18,923,764 0.056666
2007 1,100,091 22,365,475 0.049187
2006 1,093,981 21,263,228 0.051449
2005 2,347,386 21,411,535 0.109632
2 Total of line 1, column (d) ...................... 2 0.320732
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 0.064146
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 17,333,850
5 Multiply line 4 by line 3....................... 5 1,111,897
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,962
7 Add lines 5 and 6......................... 7 1,116,859
8 Enter qualifying distributions from Part XII, line 4.............. 8 910,936
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 9,924
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 9,924
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 9,924
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 7,774
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.............. 7 7,774
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 31
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,181
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  
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)bulletVA
    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 addressbulletN/A
    14
    The books are in care ofbulletYOUNT HYDE BARBOUR PC Telephone no.bullet (804) 553-1900
    Located atbullet4405 COX ROAD SUITE 225GLEN ALLENVA ZIP+4bullet23060
    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
     
     
    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
    LOUISE LEWIS FOSTER PRESIDENT & DIRECTOR
    2.00     		0 0 0
    905 ROCKFORD ROAD
    HIGH POINT,NC27262
    BRADFORD B SAUER VP, TREASURER & DIRECTOR
    1.00     		0 0 0
    204 SOUTH ERLWOOD COURT
    RICHMOND,VA23229
    JANET LEWIS SAUER DIRECTOR
    1.00     		0 0 0
    204 SOUTH ERLWOOD COURT
    RICHMOND,VA23229
    KENAN LEWIS WHITE SECRETARY & DIRECTOR
    1.00     		0 0 0
    115 EAST HILLCREST AVENUE
    RICHMOND,VA23226
    LEWIS B POLLARD JR VICE PRESIDENT & DIRECTOR
    1.00     		0 0 0
    10638 CREST HILL ROAD
    MARSHALL,VA20115
    B BRISCOE WHITE III DIRECTOR
    1.00     		0 0 0
    115 EAST HILLCREST AVENUE
    RICHMOND,VA23226
    WILLIAM HILL BROWN III DIRECTOR
    1.00     		12,500 0 0
    5103 HARLAN CIRCLE
    RICHMOND,VA23221
    JULIOUS P SMITH JR ESQUIRE COUNSEL
    1.00     		0 0 0
    TWO JAMES CENTER
    RICHMOND,VA23219
    HORACE A GRAY IV DIRECTOR
    1.00     		0 0 0
    5202 KENMORE ROAD
    RICHMOND,VA23226
    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...........................bullet0
    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
    16,557,880
    b
    Average of monthly cash balances.......................
    1b
    30,291
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    1,009,646
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,597,817
    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
    17,597,817
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    263,967
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,333,850
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    866,693
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    866,693
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    9,924
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,924
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    856,769
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    856,769
    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
    856,769
    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
    910,936
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    910,936
    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
    910,936
    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 7 856,769
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 1,298,433
    b From 2006....... 64,853
    c From 2007....... 19,055
    d From 2008....... 137,499
    e From 2009....... 65,631
    fTotal of lines 3a through e......... 1,585,471
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 910,936
    a Applied to 2009, but not more than line 2a 0
    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..... 856,769
    e Remaining amount distributed out of corpus 54,167
    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 1,639,638
    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 ..........     		0
    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) .............     		1,298,433
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		341,205
    10 Analysis of line 9:
    a Excess from 2006.... 64,853
    b Excess from 2007.... 19,055
    c Excess from 2008.... 137,499
    d Excess from 2009.... 65,631
    e Excess from 2010.... 54,167
    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).)
    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.
    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:
    SUNTRUST BANK ENDOWMENTS FOUNDATION
    PO BOX 26665
    RICHMOND,VA232616665
    (804) 782-5280
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE SUBMITTED IN LETTER PROPOSAL FORM.
    cAny submission deadlines:
    LETTER PROPOSALS FOR GRANTS MUST BE POSTMARKED BY MARCH 1 TO BE ELIGIBLE FOR GRANTS IN THE CALENDAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE.
    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
    RICHMOND BALLET
    407 EAST CANAL STREET
    RICHMOND,VA23219     		NONE   ARTS 10,000
    FLAGLER COLLEGE
    PO BOX 1027
    ST AUGUSTINE,FL32085     		NONE   EDUCATION 50,000
    THE PIEDMONT SCHOOL
    815 OLD MILL ROAD
    HIGH POINT,NC27265     		NONE   EDUCATION 20,000
    ANNA JULIA COOPER EPISCOPAL SCHOOL
    1716 N 22ND STREET
    RICHMOND,VA23223     		NONE   EDUCATION 10,000
    ST ANDREW'S SCHOOL
    227 SOUTH CHERRY STREET
    RICHMOND,VA23220     		NONE   EDUCATION 10,000
    ST CATHERINE'S SCHOOL
    6001 GROVE AVENUE
    RICHMOND,VA23226     		NONE   EDUCATION 65,000
    ST CHRISTOPHER'S SCHOOL
    711 ST CHRISTOPHERS ROAD
    RICHMOND,VA23226     		NONE   EDUCATION 50,000
    CHARLES CITY COUNTY LIBRARY
    PO BOX 156
    CHARLES CITY,VA230300156     		NONE   EDUCATION 50,000
    THE LIBERTY HALL RESTORATION
    PO BOX 128
    KENANSVILLE,NC28349     		NONE   HISTORIC PRESERVATION 5,000
    CHILDREN'S HOSPITAL FOUNDATION
    2924 BROOK ROAD
    RICHMOND,VA23220     		NONE   MEDICAL 5,000
    CENTRAL VIRGINIA FOODBANK & MEALS ON WHEELS
    1415 RHOADMILLER STREET
    RICHMOND,VA23220     		NONE   SOCIAL SERVICES 5,000
    FLAGLER HOME
    8000 BROOK ROAD
    RICHMOND,VA23227     		NONE   SOCIAL SERVICES 430,500
    ST JOSEPH'S VILLA
    8000 BROOK ROAD
    RICHMOND,VA23227     		NONE   SOCIAL SERVICES 65,000
    BOYS & GIRLS CLUBS OF GREATER HIGH POINT
    PO BOX 2834
    HIGH POINT,NC27261     		NONE   SOCIAL SERVICES 10,000
    CAMP HOLIDAY TRAILS
    400 HOLIDAY TRAIL LANE
    CHARLOTTESVILLE,VA22903     		NONE   SOCIAL SERVICES 6,000
    CHILDSAVERS
    200 NORTH 22ND STREET
    RICHMOND,VA23223     		NONE   SOCIAL SERVICES 15,000
    ELK HILL FARM
    PO BOX 99
    GOOCHLAND,VA23063     		NONE   SOCIAL SERVICES 15,000
    GOOD SAMARITAN MINISTRIES
    2307 HULL STREET
    RICHMOND,VA23224     		NONE   SOCIAL SERVICES 15,000
    PETER PAUL DEVELOPMENT CENTER
    1708 NORTH 22ND STREET
    RICHMOND,VA23223     		NONE   SOCIAL SERVICES 25,000
    CSI MINISTRIES
    23 TOWANA RD
    RICHMOND,VA23226     		NONE   SOCIAL SERVICES 12,500
    HAITI OUTREACH MINISTRIES
    3100 GLEANOA RD
    RICHMOND,VA232231506     		NONE   SOCIAL SERVICES 12,500
    Total .................................bullet 3a 886,500
    bApproved for future payment
    Total ..................................bullet 3b 0
    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     14 417  
    4 Dividends and interest from securities....     14 375,996  
    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.....     14 10,330  
    8Gain or (loss) from sales of assets other than inventory     18 138,643  
    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).. 0 525,386 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13525,386
    (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 AccountingFeesSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,596 3,958   2,638

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,325 SHS ISHARES TR US TRSY INFLN PROTECTED SECS BD ETF 242,107 249,984

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
      AT COST 84,646 84,646
    611.138 SHS LIGHTHOUSE DIVERSIFIED FD LTD OFFSHORE CL A AT COST 1,000,000 982,766
    17,004.992 SHS INVESCO GROWTH SER SMALL CAP GROWTH FD CL INSTL AT COST 511,000 510,660
    181,717.1 SHS JPMORGAN TR I US EQUITY FD INSTL CL AT COST 1,616,449 1,864,417
    22,040.47 SHS LEGG MASON GLOBAL TR BATTERYMARCH EMERGING MARKETS TR INSTL AT COST 328,353 538,228
    65,732.405 SHS MFS FDS RESEARCH INTL FD INSTL CL AT COST 775,896 1,031,341
    39,492.777 SHS PIMCO FDS COMMODITY REALRETURN STRATEGY INSTL AT COST 313,819 366,888
    151,961.438 SHS PIMCO FDS TOTAL RETURN FD INSTL CL AT COST 1,667,726 1,648,782
    14,684.161 SHS PRICE T ROWE FDS REAL ESTATE FD AT COST 235,659 256,973
    51,347.32 SHS JENSEN PORTFOLIO INC AT COST 1,250,411 1,391,512
    73,160.551 SHS RIDGEWORTH FD-LARGECAP VALUE EQUITY I SHS #RGD4 AT COST 852,178 939,381
    71,365.074 SHS RIDGEWORTH FD-MIDCAP VAL EQUITY I SHS #RGD5 AT COST 666,705 847,103
    51,421.782 SHS RIDGEWORTH FD-SEIX HIGH YIELD I SHS #RGCL AT COST 482,977 505,476
    33,435.529 SHS RIDGEWORTH FD-SMALLCAP VAL EQUITY I SHS #RGD6 AT COST 399,057 458,401
    155,294.179 SHS RIDGEWORTH FD-TOTAL RETURN BD I SHS #RGCP AT COST 1,578,559 1,618,165
    37,576.55 SHS FORUM FDS ABSOLUTE STRATEGIES FD INSTL CL AT COST 400,000 407,330
    41,512.972 SHS GOLDMAN SACHS TR GROWTH OPPORTUNITIES FD INSTL CL AT COST 810,773 1,010,841
    39,490.826 SHS HARBOR FD CAP APPRECIATION FD INSTL CL AT COST 1,252,129 1,450,103
    48,568.106 SHS HARTFORD MUT FDS DIVIDEND & GROWTH FD CL Y AT COST 877,525 935,422

    TY 2010 LegalFeesSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,162 1,897   1,265


    TY 2010 OtherAssetsSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEFERRED CONTRIBUTION 705,000 925,000 925,000


    TY 2010 OtherExpensesSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 1,884 1,130   754
    ANNUAL REPORT FEE 61 37   24
    PAYROLL SERVICE FEE 210 105   105


    TY 2010 OtherIncomeSchedule2
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LITIGATION PROCEEDS - ENRON 4,400 4,400 4,400
    LITIGATION PROCEEDS - TYCO 999 999 999
    LITIGATION PROCEEDS - WORLDCOM 242 242 242
    LITIGATION PROCEEDS - TENET HLTHCARE 395 395 395
    LITIGATION PROCEEDS - AOL 181 181 181
    LITIGATION PROCEEDS - KING PHARM. CLASS ACT. 2,305 2,305 2,305
    CLASS ACTION CLEARING 1,808 1,808 1,808


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 5 17


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 14,676 14,676   0


    TY 2010 TaxesSchedule
    Name:
    THE FLAGLER FOUNDATION
    EIN: 54-6051282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 811 406   405
    FOREIGN TAXES WITHHELD 11 11   0