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 07-01-2010 , and ending 06-30-2011
G
Check all that apply:
Name of foundation
EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1527   Room/suite
City or town, state, and ZIP code
GREENVILLE, NC27835
A Employer identification number

56-1844198
B Telephone number (see page 10 of the instructions)

(252) 752-2111
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$50,630,230J 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 9,699 9,699  
4 Dividends and interest from securities...... 339,468 244,816  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 547,746
b Gross sales price for all assets on line 6a 12,874,406
7 Capital gain net income (from Part IV, line 2)... 547,746
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 -119,854 -94,964  
12 Total. Add lines 1 through 11........ 777,059 707,297  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 27,702 23,477   0
b Accounting fees (attach schedule)....... Click to see attachment 27,900 23,646   0
c Other professional fees (attach schedule).... Click to see attachment 395,025 334,789   0
17 Interest............... 40,656 0   0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,413 4,413   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,329 1,126   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 497,025 387,451   0
25 Contributions, gifts, grants paid........ 2,411,831 2,411,831
26 Total expenses and disbursements. Add lines 24 and 25 2,908,856 387,451   2,411,831
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,131,797
b Net investment income (if negative, enter -0-) 319,846
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...............      
2 Savings and temporary cash investments.......... 5,481,651 3,120,612 3,120,612
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) 5,923,898 Click to see attachment5,792,837 5,963,149
b Investments—corporate stock (attach schedule)........      
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)........... 36,968,972 Click to see attachment37,227,476 41,546,469
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) 48,374,521 46,140,925 50,630,230
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) Click to see attachment101,517 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 101,517 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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 48,273,004 46,140,925
30 Total net assets or fund balances (see page 17 of the
instructions).................... 48,273,004 46,140,925
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 48,374,521 46,140,925
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 48,273,004
2 Enter amount from Part I, line 27a...................... 2 -2,131,797
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 46,141,207
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 282
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 46,140,925
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 NORFOLK VA 655867GV5 4-1-11/TD P 2010-08-30 2011-04-01
b CONNECTICUT ST 207758DJ9/TD P 2010-05-07 2010-08-02
c VIRGINIA ST PUB BLDG 928172SW6/TD P 2010-06-23 2010-08-02
d ATLANTA & FULTON CNTY 047681HY0 12-1-10/TD P 2010-09-22 2010-12-01
e CLARK CNTY OHIO 181072MA4 12-01-10/TD P 2010-10-01 2010-12-01
CLEARVIEW OHIO 185090BN6 12-01-14/TD P 2010-09-16 2010-12-01
CONNECTICUT ST GO 20772GUV8 12-01-10/TD P 2010-10-06 2010-12-01
GENEVA OHIO 372208CR7 12-01-10/TD P 2010-10-01 2010-12-01
KING CNTY WSH SCH 495224N45/TD P 2010-06-30 2010-12-01
SKAGIT CNTY WASH 830320KZ9 12-01-10/TD P 2010-10-13 2010-12-01
TAUNTON MASS 876672M94 12-01-10/TD P 2010-10-08 2010-12-01
UNIVERSITY ARKANSAS 914084MP0/TD P 2010-09-24 2010-12-01
CONNECTICUT ST 20772GNV6 121510 /TD P 2010-09-28 2010-12-15
NEW YORK ST DORM 649902KN2/TD P 2010-04-05 2010-12-15
OGDEN CITY UTAH 676295DL9 12-15-10/TD P 2010-10-12 2010-12-15
FNMA 3136FMGJ7 P 2010-03-15 2010-12-30
FERGUS FALLS MINN 3147654E5/TD P 2010-07-01 2011-02-01
FORT STOCKTON TX 348856GR0 02 01 11/TD P 2010-07-07 2011-02-01
MINNETONKA MINN 604195MJ3 02 01 11/TD P 2010-07-09 2011-02-01
SPRING BRANCH TEXAS 849476AB2/TD P 2010-06-29 2011-02-01
LEXINGTON CNTY SC 520906NA3 2-1-11/TD P 2010-08-04 2011-02-02
BARNSTABLE MASS 068167UG8 02 15 11/TD P 2010-07-01 2011-02-15
QUINLAN TX 748743JZ5 2-15-11/TD P 2010-09-02 2011-02-15
MASSACHUSETTS ST 57582PTT7/MB P 2009-12-28 2010-07-01
BLOUNT CNTY TENN 095175SS5 06-01-11/TD P 2011-05-06 2011-06-01
GEORGIA ST 373539WE1 06 01 11/TD P 2011-05-03 2011-06-02
JOHNSTON IOWA CMNTY 479376GX7 06 01 11/TD P 2011-04-28 2011-06-03
COMMONWEALTH FIN PA 20281PDB5 6-1-11 P 2010-08-18 2011-06-02
FANNIE MAE 3136FMUS1 06-09-11/TD P 2011-03-16 2011-06-09
FILLMORE NY 317209DG6 06-15-11/TD P 2011-05-05 2011-06-15
JORDAN-ELBRIDGE NY 480690FP6 06 15 11/TD P 2011-05-03 2011-06-15
KILLINGLY CONN 494242KS8 06 15 11/MB P 2011-04-28 2011-06-15
LYNDONVILLE NY 551409CK9/TD P 2010-06-29 2011-06-15
OHIO ST REV 67759RCP5 06-15-11/TD P 2011-05-06 2011-06-15
WINDSOR NY 973675CE9 06-15-11/TD P 2011-05-05 2011-06-15
CONNECTICUT ST 20772G3V8 03 01 11/TD P 2010-07-06 2011-03-01
RIVERVIEW SCH DIST PA 769492HH5 3 01 11/TD P 2010-11-26 2011-03-01
BEACON NY 073671MS5 3-15-11/TD P 2010-08-23 2011-03-15
FEDERAL HOME LOAN BANKS 3133XXN45/TD P 2010-04-06 2011-03-22
KNOX COUNTY TENN 499512S28/TD P 2010-05-24 2011-05-02
FLOYD CNTY GA 343595DE1 11-01-10/TD P 2010-10-08 2010-11-01
MICHIGAN ST 5946102Z9/TD P 2010-05-03 2010-11-01
NEW YORK NY 64971KM29 11-1-10/TD P 2010-09-16 2010-11-01
NEW YORK NY CITY 64971CVV3 110130/TD P 2010-09-28 2010-11-01
PALM BEACH CNTY FLA 696543HG5 11 01 10/TD P 2010-10-05 2010-11-01
OKLAHOMA HSG FIN 67886MJNO 03-01-12/TD_SLD#1 P 2010-10-29 2010-11-02
EAST PENN PA 274299WU6 11-15-10/TD P 2010-10-13 2010-11-15
NEW YORK STATE ENVIRO 64985MT89 11-15-10/TD P 2010-10-08 2010-11-15
TRIBOROUGH BRIDGE NY 8960297X7 11-15-10/TD P 2010-09-16 2010-11-15
VALLEY VIEW PA 920213HT5 11-15-10/TD P 2010-09-15 2010-11-15
ESSEX COUNTY NJ 296807JH4/TD P 2010-04-28 2010-10-01
WEST ISLIP NY 953429FY8 10-1-10/TD P 2010-08-23 2010-10-01
FEDERAL HOME LOAN BANKS 3133XXY84/TD P 2010-04-05 2010-10-22
FEDERAL HOME LOAN BK CORP NOTE 3133XYHA6/TD P 2010-05-07 2010-09-03
HIGHLANDS PA SCH DIST 431095JV1 P 2010-03-26 2010-09-16
FED HOME LN BKS 3133XMAQ4 092017/TD P 2010-07-16 2010-09-20
FEDERAL HOME LOAN BANK 3133XVZ61 P 2009-12-28 2010-09-24
AMBOY BK 023305CU7 P 2009-03-11 2010-09-10
CAPMARK BK MIDVALE P 2009-02-25 2011-03-04
COLORADO DEPT TRANS 196454BY7/TD P 2010-04-28 2011-06-15
CONNECTICUT ST HSG 20774WBR1/TD P 2010-04-09 2011-05-16
ILLINOIS 452151KZ5/MB P 2009-07-07 2010-07-15
MARYLAND ST 574217ZZ1/MB P 2009-01-29 2010-07-01
METRO PIER EXPO P 2009-02-25 2010-07-07
PENNSYVANIA HSG 708793BX1 P 2009-02-24 2010-10-01
SALLIE MAE 795450HZ1 P 2009-02-25 2011-03-04
SANGAMON ILL 800766HU4/MB P 2009-07-21 2010-08-25
SCHILLER PK 806721JX5/MB P 2009-07-22 2010-08-25
AXA EQUITY FUND P 2004-05-20 2011-06-30
FRONTPOINT ENERGY HORIZON P 2007-03-30 2011-04-25
ORION CONSTELLATION P 2006-05-01 2010-07-02
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 100,000   100,000 0
b 250,000   250,000 0
c 100,000   100,000 0
d 120,000   120,000 0
e 100,000   100,000 0
131,300   130,000 1,300
110,000   110,000 0
250,000   250,000 0
50,000   50,000 0
100,000   100,000 0
325,000   325,000 0
300,000   300,000 0
200,000   200,000 0
140,000   140,000 0
125,000   125,000 0
200,000   200,000 0
75,000   75,000 0
105,000   105,000 0
100,000   100,000 0
125,000   125,000 0
100,000   100,000 0
50,000   50,000 0
105,000   105,000 0
350,000   350,000 0
205,000   205,000 0
220,000   220,000 0
250,000   250,000 0
150,000   150,000 0
100,000   100,000 0
150,000   150,000 0
250,000   250,000 0
250,000   250,000 0
111,766   111,766 0
250,000   250,000 0
100,000   100,000 0
50,000   50,000 0
50,000   50,000 0
200,000   200,000 0
200,000   200,000 0
90,000   90,000 0
325,000   325,000 0
105,000   105,000 0
100,000   100,000 0
151,500   151,500 0
500,000   500,000 0
5,008   5,008 0
500,000   500,000 0
150,000   150,000 0
100,000   100,000 0
200,000   200,000 0
100,000   100,000 0
300,000   300,000 0
300,000   300,000 0
200,000   200,000 0
50,000   50,141 -141
100,000   100,000 0
200,000   200,000 0
100,000   100,000 0
100,000   100,000 0
101,000   105,352 -4,352
50,000   50,000 0
253,725   256,682 -2,957
250,000   250,000 0
110,125   103,123 7,002
60,000   60,000 0
100,000   100,000 0
310,283   305,010 5,273
257,913   254,833 3,080
343,389     343,389
60,641     60,641
996,682   1,018,245 -21,563
156,074     156,074
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       0
b       0
c       0
d       0
e       0
      1,300
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      -141
      0
      0
      0
      0
      -4,352
      0
      -2,957
      0
      7,002
      0
      0
      5,273
      3,080
      343,389
      60,641
      -21,563
      156,074
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 2 547,746
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 2,446,912 49,881,327 0.049055
2008 3,105,254 49,672,208 0.062515
2007 2,508,592 62,057,476 0.040424
2006 1,870,505 50,843,063 0.036790
2005 1,304,490 37,073,791 0.035186
2 Total of line 1, column (d) ...................... 2 0.223970
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 0.044794
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 46,798,571
5 Multiply line 4 by line 3....................... 5 2,096,295
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,198
7 Add lines 5 and 6......................... 7 2,099,493
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,411,831
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 3,198
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 3,198
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 3,198
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
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 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,198
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)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 addressbulletN/A
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (252) 752-2111
    Located atbullet5121 MARTIN LUTHER KING JR BLVDGREENVILLENC ZIP+4bullet27834
    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
    Yes
     
    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 bulletOC
    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
     
    No
    .........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
    EDWARD C SMITH JR PRESIDENT/DIRECTOR
    3.00     		0 0 0
    2961 LANDING CIRCLE
    GRIMESLAND,NC27837
    CHRISTOPHER B SMITH VICE PRES./DIRECTOR
    8.00     		0 0 0
    1152 PINEHURST DRIVE
    CHAPEL HILL,NC27517
    JO A SMITH SECRETARY/DIRECTOR
    2.00     		0 0 0
    2961 LANDING CIRCLE
    GRIMESLAND,NC27837
    KRISTIN CARROLL DIRECTOR
    1.00     		0 0 0
    605 CARNOUSTIE DRIVE
    GREENVILLE,NC27858
    LAURENCE S GRAHAM DIRECTOR
    1.00     		0 0 0
    PO BOX 7384
    GREENVILLE,NC23845
    HERMAN SIMON DIRECTOR
    1.00     		0 0 0
    3720 SOUTH OCEAN BOULEVARD 602
    HIGHLAND BEACH,FL33487
    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
    SAFE HARBOR FAMILY CAPITAL INVESTMENT ADVISORY SERVICES 337,527
    1450 RALEIGH ROAD
    CHAPEL HILL,NC27517
    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
    6,908,952
    b
    Average of monthly cash balances.......................
    1b
    5,192,992
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    35,409,296
    d
    Total (add lines 1a, b, and c).........................
    1d
    47,511,240
    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
    47,511,240
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    712,669
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    46,798,571
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    2,339,929
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,339,929
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,198
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,198
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,336,731
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    2,336,731
    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
    2,336,731
    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
    2,411,831
    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
    2,411,831
    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
    3,198
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,408,633
    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 2,336,731
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 2,358,285
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,411,831
    a Applied to 2009, but not more than line 2a 2,358,285
    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..... 53,546
    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 ..........     		2,283,185
    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....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    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).)
    EDWARD C SMITH JR
    CHRISTOPHER B SMITH
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ALZHEIMER'S DISEASE RESEARCH
    22512 GATEWAY CENTER DRIVE
    CLARKSBURG,MD20871     		NONE PUBLIC CHARITY DISEASE PREVENTION PROGRAM 5,000
    AMERICAN CHILDREN'S HOME
    PO BOX 1288
    LEXINGTON,NC272931288     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 1,500
    AMERICAN DIABETES ASSOCIATION
    2418 BLUE RIDGE ROAD SUITE 206
    RALEIGH,NC27607     		NONE PUBLIC CHARITY FUND DRIVE 500
    AMERICAN RED CROSS
    601-F COUNTRY CLUB DRIVE
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY FUND DRIVE 15,000
    ARMY CADET ASSOCIATION - WOUNDED WARRIOR RUN
    204 CHRISTENBURY GYM
    GREENVILLE,NC27858     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    ARTHRITIS PATIENT SERVICES
    500 EAST MOREHEAD STREET
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    AUTISM SOCIETY OF NORTH CAROLINA
    505 OBERLIN ROAD SUITE 230
    RALEIGH,NC276051345     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    BETA CHAPTER OF PDT INC
    PO BOX 7007
    ALBERT LEA,MN560078007     		NONE PUBLIC CHARITY FUND DRIVE 500
    BON SECOURS RICHMAOND HEALTH CARE FOUNDATION
    5875 BREMO ROAD SUITE 305
    RICHMOND,VA23226     		NONE PUBLIC CHARITY FUND DRIVE 1,111
    BOSTON CHILDREN'S MUSEUM
    308 CONGRESS STREET
    BOSTON,MA02210     		NONE PUBLIC CHARITY EDUCATIONAL 1,000
    BOYS AND GIRLS CLUB OF PITT COUNTY
    621 W FIRETOWER ROAD
    WINTERVILLE,NC28590     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 6,348
    CAMPUS CRUSADE FOR CHRIST
    100 LAKE HART DRIVE
    ORLANDO,FL32832     		NONE PUBLIC CHARITY FUND DRIVE 6,000
    CARINGBRIDGE
    DONATION PROCESSING CENTER PO BOX
    6032
    ALBERT LEA,MN560076632     		NONE PUBLIC CHARITY FUND DRIVE 500
    CENTER FOR FAMILY VIOLENCE PREVENTION
    PO BOX 8429
    GREENVILLE,NC278358429     		NONE PUBLIC CHARITY FUND DRIVE 6,000
    CENTRAL CALIFORNIA LABRADOR RETRIEVER RESCUE
    TROOPER C/O CCLRR PO BOX 1484
    CLOVIS,CA93613     		NONE PUBLIC CHARITY FUND DRIVE 250
    CHAPEL HILL-CARRBORO PUBLIC SCHOOLS
    PO BOX 877
    CARRBORO,NC27510     		NONE PUBLIC CHARITY EDUCATIONAL 1,000
    CHARLOTTE COUNTRY DAY SCHOOL
    1440 CARMEL ROAD
    CHARLOTTE,NC282265096     		NONE PUBLIC CHARITY EDUCATIONAL 6,834
    CHARLOTTE MECKLENBURG LIBRARY
    310 NORTH TRYON STREET
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY EDUCATIONAL 1,500
    CHRIST CHURCH OF VERO BEACH
    925 14TH LANE
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    CLEAN AIR CAROLINA
    PO BOX 5311
    CHARLOTTE,NC28299     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 2,500
    COASTAL CONSERVATION ASSOCIATION
    PO BOX 58629
    RALEIGH,NC27658     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 13,000
    COMMUNITIES IN SCHOOLS - CHARLOTTE
    601 EAST 5TH ST 301
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY EDUCATIONAL 2,500
    COMPASSION INTERNATIONAL
    12290 VOYAGER PARKWAY
    COLORADO SPRINGS,CO80921     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    CONGRESSIONAL SPORTSMEN'S FOUNDATION
    110 NORTH CAROLINA AVENUE SE
    WASHINGTON,DC20003     		NONE PUBLIC CHARITY FUND DRIVE 17,500
    COUNCIL FOR CHILDREN'S RIGHTS
    601 EAST 5TH AVE SUITE 510
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 2,000
    COUNCIL ON FOUNDATIONS
    1828 L STREET NW SUITE 300
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY FUND DRIVE 6,620
    CRISIS ASSISTANCE MINISTRY
    500-A SPRATT STREET
    CHARLOTTE,NC28206     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    CROSS TRAIL OUTFITTERS
    PO BOX 690927
    SAN ANTONIO,TX78269     		NONE PUBLIC CHARITY FUND DRIVE 840
    CYPRESS GLENN
    100 HICKORY STREET
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY FUND DRIVE 10,000
    DUCKS UNLIMITED
    3294 ASHLEY PHOSPHATE ROAD SUITE
    1-F
    NORTH CHARLESTON,SC29418     		NONE PUBLIC CHARITY FUND DRIVE 5,000
    EAST CAROLINA COUNCIL BSA
    PO BOX 1698
    KINSTON,NC285031698     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    ECU ARMY ROTC
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC278584353     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    ECU EDUCATIONAL FOUNDATION
    77 MINGES COLISEUM
    GREENVILLE,NC27858     		NONE PUBLIC CHARITY EDUCATIONAL 20,000
    ECU FOUNDATION
    2200 SOUTH CHARLES BLVD MAIL STOP
    301
    GREENVILLE,NC278584353     		NONE PUBLIC CHARITY EDUCATIONAL 81,000
    ECU MEDICAL FOUNDATION
    525 MOYE BLVD
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY EDUCATIONAL 30,000
    EDWARD C SMITH SR CIVIC CENTER
    217 SOUTH MAIN STREET
    LEXINGTON,NC27292     		NONE PUBLIC CHARITY FUND DRIVE 500
    FELLOWSHIP OF CHRISTIAN ATHLETES
    740 GREENVILLE BLVD SUITE 400
    GREENVILLE,NC27858     		NONE PUBLIC CHARITY FUND DRIVE 4,000
    FRIENDS OF BATH COMMUNITY LIBRARY
    PO BOX 160
    BATH,NC27808     		NONE PUBLIC CHARITY FUND DRIVE 250
    FRIENDS OF THE NC MUSEUM OF NATURAL SCIENCE
    PO BOX 26928
    RALEIGH,NC276116928     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    GREATER GREENVILLE FOUNDATION
    PO BOX 20154
    GREENVILLE,NC27858     		NONE PUBLIC CHARITY FUND DRIVE 202,500
    GREENVILLE COMMUNITY SHELTER
    PO BOX 687
    GREENVILLE,NC27835     		NONE PUBLIC CHARITY FUND DRIVE 5,500
    GREENVILLE LEARNING CENTER
    PO BOX 2612
    GREENVILLE,NC278360612     		NONE PUBLIC CHARITY EDUCATIONAL 20,000
    GREENVILLE MUSEUM OF ART
    9802 SOUTH EVANS STREET
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    GREENVILLE SERVICE LEAGUE
    1618 DEEP RUN ROAD
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    GRIFTON MISSION MINISTRIES
    6499 HIGHLAND BLVD
    GRIFTON,NC28530     		NONE PUBLIC CHARITY FUND DRIVE 10,000
    HABITAT FOR HUMANITY
    PO BOX 514
    GREENVILLE,NC278350514     		NONE PUBLIC CHARITY FUND DRIVE 17,000
    HEALTHNET FOUNDATION
    33 RIVER STREET
    CHAGRIN FALLS,OH44022     		NONE PUBLIC CHARITY FUND DRIVE 1,350
    HILTON HEAD REEF FOUNDATION
    961 ANCHOR ROAD
    CHARLESTON,SC294124902     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 2,500
    HISTORIC BATH GARDEN CLUB
    PO BOX 86
    BATH,NC27808     		NONE PUBLIC CHARITY FUND DRIVE 500
    HOSPICE & HOME CARE OF ALEXANDER COUNTY
    50 LUCY ECHERD LANE
    TAYLORSVILLE,NC286813099     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    HOSPICE OF DAVIDSON COUNTY INC
    PO BOX 1941
    LEXINGTON,NC272931941     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    HOUSTON HOSPICE
    1905 HOLCOMBE BLVD
    HOUSTON,TX77030     		NONE PUBLIC CHARITY FUND DRIVE 500
    HUNTERS HELPING KIDS
    223 HOLLY DRIVE
    WASHINGTON,NC27889     		NONE PUBLIC CHARITY FUND DRIVE 250
    INDEPENDENT COLLEGE FUND OF NC
    863 WASHINGTON STREET
    RALEIGH,NC27605     		NONE PUBLIC CHARITY EDUCATIONAL 1,000
    INTERNATIONAL GAME FISH ASSOCIATION
    300 GULF STREAM WAY
    DANIA BEACH,FL33004     		NONE PUBLIC CHARITY FUND DRIVE 500
    JOHN LOCKE FOUNDATION
    200 W MORGAN ST 200
    RALEIGH,NC27601     		NONE PUBLIC CHARITY FUND DRIVE 3,500
    JUVENILE DIABETES RESEARCH
    201 S WESTVIEW DRIVE
    WINSTONSALEM,NC27104     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 250
    KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
    CAMPUS BOX 3490 MCCOLL BUILDING
    CHAPEL HILL,NC275993490     		NONE PUBLIC CHARITY EDUCATIONAL 2,500
    LITTLE WASHINGTON SAILING CLUBDOWNTOWN WASHINGTON ON THE WATERFRONT
    102 EAST 2ND STREET SUITE 311A
    WASHINGTON,NC27889     		NONE PUBLIC CHARITY EDUCATIONAL 500
    LOAVES AND FISHES
    PO BOX 11234
    CHARLOTTE,NC282201234     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    LOWER CAPE FEAR HOSPICE
    1414 PHYSICIANS DRIVE
    WILMINGTON,NC28401     		NONE PUBLIC CHARITY FUND DRIVE 500
    MAINE HANDICAPPED SKIING
    8 SUNDANCE LANE
    NEWRY,ME042613228     		NONE PUBLIC CHARITY FUND DRIVE 3,000
    MARINE TOYS FOR TOTS FOUNDATION
    715 BROADWAY ST PO BOX 1947
    QUANTICO,VA22134     		NONE PUBLIC CHARITY FUND DRIVE 250
    MEDICAL FOUNDATION OF NC INC
    880 MARTIN LUTHER KING JR BLVD
    CHAPEL HILL,NC275997120     		NONE PUBLIC CHARITY EDUCATIONAL 10,000
    METHODIST HOME FOR CHILDREN FOUNDATION
    1041 WASHINGTON STREET
    RALEIGH,NC276051259     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 1,000
    MONTESSORI COMMUNITY SCHOOL
    4512 POPE ROAD
    DURHAM,NC27707     		NONE PUBLIC CHARITY FUND DRIVE 1,500
    NATHANIEL'S HOPE
    2300 JETPORT DRIVE
    ORLANDO,FL32809     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    NATIONAL FOOTBALL FOUNDATION
    835 SOUTH LUMINA AVENUE
    WRIGHTSVILLE BEACH,NC28480     		NONE PUBLIC CHARITY EDUCATIONAL 2,000
    NATIONAL WILD TURKEY FEDERATION
    PO BOX 530
    EDGEFIELD,SC298240530     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 790
    NC CHILDREN'S PROMISE - UNC DEPT OF PEDIATRICS
    CAMPUS BOX 7220
    CHAPEL HILL,NC275997220     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 21,520
    NC COASTAL FEDERATION
    3609 HIGHWAY 24
    NEWPORT,NC28570     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 20,000
    NC COASTAL LAND TRUST
    131 RACINE DRIVE
    WILMINGTON,NC28403     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 2,500
    NC MUSEUM OF HISTORY
    5 EAST EDENTON ST 4650 MAIL SERVICE
    CENTER
    RALEIGH,NC276994650     		NONE PUBLIC CHARITY FUND DRVIE 1,000
    NEW LIFE MINISTRIES INC
    1028 WASHINGTON STREET
    RALEIGH,NC276906599     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    NORTH CAROLINA OPERA
    612 WADE AVENUE SUITE 100
    RALEIGH,NC27605     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    OAK RIDGE MILITARY ACADEMY
    PO BOX 498
    OAK RIDGE,NC273100498     		NONE PUBLIC CHARITY EDUCATIONAL 1,000
    OMNI MONTESSORI
    9536 BLAKENEY HEATH RD
    CHARLOTTE,NC28277     		NONE PUBLIC CHARITY EDUCATIONAL 5,000
    PAMLICO TAR RIVER FOUNDATION
    PO BOX 1854
    WASHINGTON,NC27889     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 32,200
    PENDERWATCH & CONSERVANCY
    PO BOX 662
    HAMPSTEAD,NC28443     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 2,000
    PITT COUNTY DEPARTMENT OF SOCIAL SERVICES - FOSTER CHILDREN'S CHRISTMAS FUN
    1717 WEST FIFTH STREET
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY FUND DRIVE 250
    PITT COUNTY SCHOOLS
    ATTN MICHAEL COWIN 1717 WEST 5TH ST
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY EDUCATIONAL 100,000
    PITT MEMORIAL HOSPITAL
    PO BOX 8489
    GREENVILLE,NC278358489     		NONE PUBLIC CHARITY FUND DRIVE 50,160
    PLANNED PARENTHOOD
    100 S BOYLAN AVE
    RALEIGH,NC27603     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    PRESERVATION NORTH CAROLINA
    PO BOX 27644
    RALEIGH,NC276117644     		NONE PUBLIC CHARITY FUND DRIVE 500
    PROJECT POTENTIALLEXINGTON EDUC ASSOC
    PO BOX 1823
    LEXINGTON,NC27293     		NONE PUBLIC CHARITY EDUCATIONAL 3,500
    PROVIDENCE DAY SCHOOL
    5800 SARDIS ROAD
    CHARLOTTE,NC282709938     		NONE PUBLIC CHARITY EDUCATIONAL 1,000
    PUBLIC RADIO EAST
    800 COLLEGE COURT
    NEW BERN,NC28562     		NONE PUBLIC CHARITY FUND DRIVE 5,000
    QUAIL UNLIMITED
    PO BOX 1810
    TRAVERSE CITY,MI496851810     		NONE PUBLIC CHARITY FUND DRIVE 100
    QUALITY DEER MANAGEMENT ASSOCIATION
    PO BOX 160
    BOGART,GA30622     		NONE PUBLIC CHARITY FUND DRIVE 250
    RON BROWN SCHOLAR FUND
    1160 PEPSI PLACE SUITE 206
    CHARLOTTESVILLE,VA22901     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607     		NONE PUBLIC CHARITY FUND DRIVE 5,000
    SEA GULL AND SEAFARER FUND
    218 SEA GULL LANDING
    ARAPAHOE,NC28510     		NONE PUBLIC CHARITY FUND DRIVE 3,676
    SHEPARD CANCER FOUNDATION
    1209 BROWN STREET
    WASHINGTON,NC27889     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    SPECIAL OPERATIONS WARRIOR
    PO BOX 13483
    TAMPA,FL33681     		NONE PUBLIC CHARITY FUND DRIVE 5,000
    SPORTWORKS MINISTRY
    PO BOX 8031
    GREENVILLE,NC278358031     		NONE PUBLIC CHARITY FUND DRIVE 3,000
    ST JAMES UNITED METHODIST CHURCH
    2000 EAST SIXTH STREET
    GREENVILLE,NC278582915     		NONE PUBLIC CHARITY FUND DRIVE 55,800
    TAR RIVER LAND CONSERVANCY
    123 N MAIN STREET PO BOX 1161
    LOUISBURG,NC27549     		NONE PUBLIC CHARITY FUND DRIVE 25,000
    TEEN HEALTH CONNECTION
    251 EASTWAY DRIVE
    CHARLOTTE,NC28213     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    THE CHILDRESS INSTITUTE FOR PEDIATRIC TRAUMA
    WAKE FOREST UNIVERSITY BAPTIST
    MEDICAL CENTER
    WINSTONSALEM,NC271571021     		NONE PUBLIC CHARITY FUND DRIVE 50,000
    THE EDUCATIONAL CENTER
    6357 CLAY ROAD
    ST LOUIS,MO63117     		NONE PUBLIC CHARITY EDUCATIONAL 2,000
    THE EDUCATIONAL FOUNDATION
    PO BOX 2446
    CHAPEL HILL,NC27515     		NONE PUBLIC CHARITY EDUCATIONAL 140,000
    THE ERIC TRUMP FOUNDATION
    725 FIFTH AVENUE 25TH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY FUND DRIVE 100
    THE FOOD BANK OF CENTRAL & EASTERN NC
    3808 TARHEEL DRIVE
    RALEIGH,NC27609     		NONE PUBLIC CHARITY FUND DRIVE 30,000
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		NONE PUBLIC CHARITY FUND DRIVE 5,000
    THE HILL CENTER
    3200 PICKETT ROAD
    DURHAM,NC27705     		NONE PUBLIC CHARITY FUND DRIVE 500
    THE JESSE HELMS CENTER FOUNDATION
    PO BOX 188
    WINGATE,NC28714     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    THE METROPOLITAN OPERA
    30 LINCOLN CENTER
    NEW YORK,NY10023     		NONE PUBLIC CHARITY FUND DRIVE 2,000
    THE MICHAEL J FOX FOUNDATION
    PO BOX 780
    NEW YORK,NY100080780     		NONE PUBLIC CHARITY DISEASE PREVENTION PROGRAM 500
    THE NATURE CONSERVANCY
    4705 UNIVERSITY DRIVE SUITE 290
    DURHAM,NC27707     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 52,500
    THE PRESBYTERIAN CHURCH AT WOODBURY
    67 S BROAD STREET
    WOODBURY,NJ08096     		NONE PUBLIC CHARITY FUND DRIVE 500
    THE SALVATION ARMY
    PO BOX 113
    GREENVILLE,NC278350113     		NONE PUBLIC CHARITY FUND DRIVE 2,500
    TRICKLE UP PROGRAM
    104 WEST 27TH STREET 12TH FLOOR
    NEW YORK,NY100016210     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    TURNAGE THEATER FOUNDATION INC
    PO BOX 276
    WASHINGTON,NC27889     		NONE PUBLIC CHARITY FUND DRIVE 17,500
    UNC - TV
    PO BOX 14900
    RESEARCH TRIANGLE PARK,NC277099751     		NONE PUBLIC CHARITY EDUCATIONAL 10,000
    UNC ARTS & SCIENCES FOUNDATION
    CAMPUS BOX 6115
    CHAPEL HILL,NC275996115     		NONE PUBLIC CHARITY EDUCATIONAL 200,000
    UNC EDUCATIONAL FOUNDATION
    PO BOX 2446
    CHAPEL HILL,NC27515     		NONE PUBLIC CHARITY EDUCATIONAL 352,857
    UNC FRIENDS OF THE LIBRARY
    CAMPUS BOX 3900 DAVIS LIBRARY
    CHAPEL HILL,NC275148890     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 5,000
    UNC LINEBERGER CANCER CENTER
    CAMPUS BOX 7295
    CHAPEL HILL,NC275997295     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 169,775
    UNC SCHOOL OF MEDICINE
    CAMPUS BOX 7120 SLEEP TECHNOLOGY BS
    PROGRAM DEV FUND
    CHAPEL HILL,NC275997120     		NONE PUBLIC CHARITY EDUCATIONAL 20,000
    UNC TRIATHLON TEAM
    208 WEST FRANKLIN STREET CB 6100
    CHAPEL HILL,NC275996100     		NONE PUBLIC CHARITY FUND DRIVE 1,250
    UNC-CHAPEL HILL DUCKS UNLIMITED
    1027 DAWES STREET
    CHAPEL HILL,NC27516     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 250
    UNCAA-SSTC
    PO BOX 309
    CHAPEL HILL,NC275140309     		NONE PUBLIC CHARITY FUND DRIVE 500
    USO
    PO BOX 96860
    WASHINGTON,DC200906860     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    VIRGINIA EPISCOPAL SCHOOL
    PO BOX 408
    LYNCHBURG,VA24505     		NONE PUBLIC CHARITY FUND DRIVE 418,000
    WOMEN FOR WOMEN FUND
    PO BOX 20459
    GREENVILLE,NC27858     		NONE PUBLIC CHARITY FUND DRIVE 10,000
    YMCA OF THE TRIANGLE AREA
    1603 HILLSBOROUGH STREET
    RALEIGH,NC27605     		NONE PUBLIC CHARITY FUND DRIVE 1,000
    YWCA CENTRAL CAROLINAS - FAMILIES TOGETHER PROGRAM
    3420 PARK RD
    CHARLOTTE,NC28209     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 2,500
    YOUNG LIFE OF PITT COUNTY
    PO BOX 3738
    GREENVILLE,NC27836     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 1,000
    YOUTH SPORTSMANS ALLIANCE
    PO BOX 648
    CENTREVILLE,MD21617     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 1,000
    Total .................................bullet 3a 2,411,831
    bApproved for future payment
    DUCKS UNLIMITED
    3294 ASHLEY PHOSPHATE ROAD SUITE
    1-F
    NORTH CHARLESTON,SC29418     		NONE PUBLIC CHARITY FUND DRIVE 10,000
    ECU ENDOWED SCHOLARSHIP FUND
    GREENVILLE CENTRE SUITE 1100 2200 S
    CHARLES BLVD
    GREENVILLE,NC278584353     		NONE PUBLIC CHARITY EDUCATIONAL 80,000
    ECU MEDICAL FOUNDATION - MEDICAL ASSISTANCE FUND
    525 MOYE BLVD
    GREENVILLE,NC27834     		NONE PUBLIC CHARITY EDUCATIONAL 60,000
    GRIFTON MISSION MINISTRIES
    6499 HIGHLAND BLVD
    GRIFTON,NC28530     		NONE PUBLIC CHARITY FUND DRIVE 10,000
    NATIONAL WILD TURKEY FEDERATION
    PO BOX 530
    EDGEFIELD,SC298240530     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 1,500
    NC CHILDREN'S PROMISE - UNC DEPT OF PEDIATRICS
    CAMPUS BOX 7220
    CHAPEL HILL,NC275997220     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 10,000
    NC COASTAL FEDERATION
    3609 HIGHWAY 24
    NEWPORT,NC28570     		NONE PUBLIC CHARITY ENVIRONMENTAL PRESERVATION 40,000
    NC HIGH SCHOOL ATHLETICS ASSOCIATION
    PO BOX 3216
    CHAPEL HILL,NC275153216     		NONE PUBLIC CHARITY EDUCATIONAL 10,000
    THE CHILDRESS INSTITUTE FOR PEDIATRIC TRAUMA
    WAKE FOREST UNIVERSITY BAPTIST
    MEDICAL CENTER
    WINSTONSALEM,NC271571021     		NONE PUBLIC CHARITY FUND DRIVE 100,000
    UNC BASEBALL STADIUM
    PO BOX 2446
    CHAPEL HILL,NC27515     		NONE PUBLIC CHARITY EDUCATIONAL 140,000
    UNC EDUCATIONAL FOUNDATION - CAROLINA BASKETBALL FAMILY FUND
    PO BOX 2446
    CHAPEL HILL,NC27515     		NONE PUBLIC CHARITY EDUCATIONAL 400,000
    UNC EXCELLENCE FUND
    PO BOX 2446
    CHAPEL HILL,NC27515     		NONE PUBLIC CHARITY EDUCATIONAL 128,571
    UNC LINEBERGER - BILL CLARK ROOM
    PO BOX 2445
    CHAPEL HILL,NC27515     		NONE PUBLIC CHARITY EDUCATIONAL 20,000
    UNC PROFESSORSHIP - ANESTHESEOLOGY
    CAMPUS BOX 7295 DAVIS LIBRARY
    CHAPEL HILL,NC275148890     		NONE PUBLIC CHARITY CHILDREN'S SERVICES 40,000
    VIRGINIA EPISCOPAL SCHOOL
    PO BOX 408
    LYNCHBURG,VA24505     		NONE PUBLIC CHARITY FUND DRIVE 210,000
    Total ..................................bullet 3b 1,260,071
    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 9,699  
    4 Dividends and interest from securities....     14 339,468  
    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     14 547,746  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFORESTER PARTNERS OTHER INCOME     14 -22,378  
    bFORESTER PARTNERS OTHER INCOME-UBTI 525990 -1,978      
    cPRIVATE ADVISER PRIVATE EQUITY OTHER INCOME     14 8,616  
    dPRIVATE ADVISER PRIVATE EQUITY OTHER INCOME-UBTI 525990 3,134      
    eTHE CEDARS OTHER INCOME     14 -15,752  
    fCHATHAM OTHER INCOME     14 -62,987  
    gCHATHAM OTHER INCOME - UBTI 525990        
    hLEAF INVESTMENT PARTNERS     14    
    iFEDERAL TAX REFUND     01 42,399  
    jCLASS ACTION SETTLEMENTS     14    
    kBELL WRANGLER OTHER INCOME     14 -3,913  
    lBELL WRANGLER OTHER INCOME - UBTI 525990 -68,445      
    mPICTET OTHER INCOME     14 1,450  
    12 Subtotal. Add columns (b), (d), and (e).. -67,289 844,348 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13777,059
    (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:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 27,900 23,646   0

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    5,792,837
    State & Local Government Securities - End of Year Fair Market Value:


    5,963,149


    TY 2010 InvestmentsOtherSchedule2
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLBLUE LTD AT COST 1,600,000 3,878,591
    AVENUE EUROPE AT COST 520,734 201,196
    AXA EQUITY FUND III AT COST 0 1,653,437
    BELL WRANGLER AT COST 3,534,625 3,950,710
    CEDARS AT COST 192,400 192,401
    CEVIAN CAPTIAL II AT COST 2,500,000 2,500,000
    CHATHAM AT COST 610,732 610,732
    ETON PARK OVERSEAS FUND AT COST 5,000,000 5,458,120
    EVEREST CAPITAL CLASS A-1 AT COST 125,000 553,801
    EVEREST CAPITAL CLASS AT COST 1,000,000 1,346,552
    FORESTER PARTNERS AT COST 3,044,360 3,525,016
    LEGG MASON REAL ESTATE CAPITAL II AT COST 2,290,785 2,182,344
    LUXOR CAPITAL PARTNERS AT COST 3,500,000 3,738,234
    MOON CAPITAL GLOBAL AT COST 1,385,559 1,932,136
    ORION CONSTELLATION AT COST 0 0
    OSPARAIE AT COST 1,095,588 201,441
    OZ ASIA AT COST 575,462 108,873
    OZ EUROPE AT COST 412,525 87,814
    OZ OVERSEAS FUND II AT COST 2,800,300 3,899,244
    PICTET FUND AT COST 910,604 745,577
    PIPE EQUITY AT COST 818,646 341,215
    PRIVATE ADVISORS-PRI EQUITY FUND AT COST 233,327 397,407
    ROUNDTABLE GLOBAL FUND AT COST 1,333,116 130,552
    SAMLYN OFFSHORE AT COST 1,600,000 1,916,628
    SOUTHPORT ENERGY FUND AT COST 1,500,000 1,561,779
    MORGAN CREEK ABSOLUTE AT COST 575,867 241,685
    MORGAN CREEK OPPORTUNITY AT COST 67,846 190,984

    TY 2010 LegalFeesSchedule
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 27,702 23,477   0


    TY 2010 OtherDecreasesSchedule
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Description Amount
    OTHER DECREASES NOT INCLUDED 282


    TY 2010 OtherExpensesSchedule
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES 1,329 1,126   0


    TY 2010 OtherIncomeSchedule2
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FORESTER PARTNERS OTHER INCOME -22,378 -22,378 -22,378
    FORESTER PARTNERS OTHER INCOME-UBTI -1,978   -1,978
    PRIVATE ADVISER PRIVATE EQUITY OTHER INCOME 8,616 8,616 8,616
    PRIVATE ADVISER PRIVATE EQUITY OTHER INCOME-UBTI 3,134   3,134
    THE CEDARS OTHER INCOME -15,752 -15,752 -15,752
    CHATHAM OTHER INCOME -62,987 -62,987 -62,987
    FEDERAL TAX REFUND 42,399   42,399
    BELL WRANGLER OTHER INCOME -3,913 -3,913 -3,913
    BELL WRANGLER OTHER INCOME - UBTI -68,445   -68,445
    PICTET OTHER INCOME 1,450 1,450 1,450


    TY 2010 OtherLiabilitiesSchedule
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Description Beginning of Year - Book Value End of Year - Book Value
    IN-TRANSIT INVESTMENTS - PAYABLES 101,517 0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MONEY MANAGER FEES 395,025 334,789   0


    TY 2010 TaxesSchedule
    Name:
    EDDIE AND JO ALLISON SMITH FAMILY FOUNDATION INC
    EIN: 56-1844198
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD ON INVESTMENTS 4,413 4,413   0