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
R G ATKINS EDUCATIONAL TRUST
 

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

54-6426032
B Telephone number (see page 10 of the instructions)

(252) 246-4637
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$993,128J 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) 450
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 22,302 22,302  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 73,096
b Gross sales price for all assets on line 6a 565,942
7 Capital gain net income (from Part IV, line 2)... 73,096
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 266 266  
12 Total. Add lines 1 through 11........ 96,114 95,664  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,732 15,732    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 500 500    
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) 179     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 6 6   6
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,417 16,238 0 6
25 Contributions, gifts, grants paid........ 60,000 60,000
26 Total expenses and disbursements. Add lines 24 and 25 76,417 16,238 0 60,006
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 19,697
b Net investment income (if negative, enter -0-) 79,426
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 76 175 175
2 Savings and temporary cash investments.......... 58,568 32,401 32,401
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 110,687 Click to see attachment174,493 180,036
b Investments—corporate stock (attach schedule)........ 408,852 Click to see attachment474,886 627,490
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)........... 200,107 Click to see attachment129,818 153,026
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment13,900 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 792,190 811,773 993,128
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 792,190 811,773
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).................... 792,190 811,773
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 792,190 811,773
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)............... 1 792,190
2 Enter amount from Part I, line 27a...................... 2 19,697
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 811,887
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 114
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 811,773
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 270. ABB LTD SPONSORED ADR   2008-10-17 2010-06-04
b 240. AT&T INC   2008-10-17 2010-06-30
c 160. AMGEN INCORPORATED   2008-10-17 2010-01-20
d 180. ANADARKO PETE CORP.   2003-07-14 2010-06-30
e .706 AON CORPORATION COMMON   2009-09-21 2010-10-29
80. APACHE CORPORATION COMMON   2008-10-17 2010-06-30
700. APPLIED MATERIALS   2008-10-17 2010-06-30
160. ARCHER DANIELS MIDLAND COMPANY   2008-10-17 2010-01-26
290. ARCHER DANIELS MIDLAND COMPANY   2008-10-17 2010-06-30
979.588 BB&T INTER US GOVT CL I FUND #0341   2010-06-04 2010-06-30
5026.606 BB&T INTER US GOVT CL I FUND #0341     2010-06-30
190. BANCO BRADESCO S A   2010-07-08 2010-07-28
120. BARRICK GOLD CORP. EFF. 1-18-95   2010-06-04 2010-06-30
145. BAXTER INTERNATIONAL INCORPORATED   2009-07-17 2010-06-04
100. BERKSHIRE HATHAWAY INC DEL CL B COMMON   2008-10-17 2010-01-26
90. BERKSHIRE HATHAWAY INC DEL CL B COMMON   2009-07-17 2010-07-28
290. CVS CORP COMMON   2008-10-17 2010-06-30
95. CHEVRON TEXACO CORP COMMON   2004-08-10 2010-06-30
450. CISCO SYSTEMS   1998-10-08 2010-06-30
75. CLOROX   2008-10-17 2010-06-30
290. COMCAST CORP NEW CL A   2008-10-17 2010-06-30
125. CONOCOPHILLIPS COM   2010-06-04 2010-06-30
350. CORNING INCORPORATED   2008-10-17 2010-01-20
370. DELL INC   2009-03-03 2010-06-30
400. DISNEY WALT COMPANY     2010-06-30
210. EBAY INC   2008-10-17 2010-01-20
270. EBAY INC   2008-10-17 2010-06-30
185. EDISON INTERNATIONAL     2010-06-30
40. EDISON INTERNATIONAL   2009-02-11 2010-07-08
180. EMERSON ELECTRIC COMPANY   2003-02-05 2010-06-30
180. EXELON CORPORATEION   2009-07-17 2010-01-20
75. EXXON MOBIL CORPORATION   2010-01-26 2010-07-08
10. GOOGLE INC CL A   2008-11-25 2010-06-30
80. HELMERICH & PAYNE INC COMMON   2010-07-08 2010-07-28
400. HOME DEPOT INCORPORATED   2008-10-17 2010-06-30
12. INTERCONTINENTALEXCHANGE INC COMMON   2010-06-30 2010-07-28
240. I SHARES EAFE INDEX FUND   2004-08-10 2010-01-20
1440. I SHARES EAFE INDEX FUND   2004-08-10 2010-06-30
340. CEF ISHARES TR S&P   2004-08-10 2010-06-30
290. ISHARES SILVER TRUST   2010-01-26 2010-06-30
170. J P MORGAN CHASE & CO   2009-07-17 2010-06-30
130. JOHNSON & JOHNSON   2008-10-17 2010-06-30
130. KRAFT FOODS INC-A COMMON   2008-10-17 2010-07-28
290. MARATHON OIL CORPORATION COMMON   2008-10-17 2010-01-20
140. MEDTRONIC INC   2008-10-17 2010-06-30
10. MEDTRONIC INC   2008-10-17 2010-07-28
60. MERCK & CO INC   2010-01-26 2010-07-28
400. MICROSOFT CORPORATION   1998-09-01 2010-06-30
110. MONSANTO CO COMMON   2008-10-17 2010-01-20
430. ORACLE SYSTEM CORPORATION     2010-06-30
90. PALL CORPORATION COMMON   2009-02-02 2010-06-30
140. PALL CORPORATION COMMON   2008-11-25 2010-07-28
80. PEPSICO INCORPORATED   2008-11-25 2010-06-30
260. PETROHAWK ENERGY CORP   2010-06-30 2010-07-28
65. PFIZER INCORPORATED   2008-11-25 2010-07-08
155. PRICE GROUP INC FORMERLY AKA PRICE TO ROWE & ASSOC   2009-03-03 2010-06-30
100. PRICE GROUP INC FORMERLY AKA PRICE TO ROWE & ASSOC   2009-03-03 2010-07-08
130. QUALCOMM INC COMMON   2008-10-17 2010-01-26
105. QUALCOMM INC COMMON   2008-10-17 2010-06-04
65. SCHLUMBERGER LTD   2009-02-24 2010-06-30
370. AMEX FINANCIAL SELECT SPDR   2009-02-24 2010-07-08
70. SMITH INTL INC COMMON   2008-11-25 2010-01-26
400. STAPLES INC COMMON   2008-10-17 2010-06-30
345. SYSCO CORPORATION   1998-08-26 2010-06-30
90. TARGET CORP COM   1998-12-01 2010-06-30
120. THE TRAVELERS COMPANIES INC.   2008-10-17 2010-06-30
220. UNILEVER PLC-SPONSORED ADR   2009-07-17 2010-07-28
180. UNITED HEALTH GROUP INC   2009-07-17 2010-07-28
250. VODAFONE GROUP PLC NEW SP ADR   2009-07-17 2010-07-28
90. WELLPOINT INC   2008-10-17 2010-01-26
95. WELLPOINT INC   2008-10-17 2010-06-04
105. WELLPOINT INC   2008-10-17 2010-06-30
2. ROSELAWN BURIAL CRYPTS #165 & #166   1998-01-14 2010-05-03
115. TRANSOCEAN LTD     2010-06-04
70. TYCO ELECTRONICS LTD   2010-06-04 2010-07-28
(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 4,431   4,088 343
b 5,830   6,266 -436
c 9,050   8,170 880
d 6,693   4,038 2,655
e 28   28  
6,814   6,010 804
8,512   8,498 14
4,741   3,005 1,736
7,516   5,446 2,070
10,501   10,462 39
53,885   51,420 2,465
3,504   3,192 312
5,488   4,990 498
6,026   7,846 -1,820
6,799   7,984 -1,185
7,033   5,285 1,748
8,578   7,850 728
6,520   4,498 2,022
9,670   4,848 4,822
4,694   4,450 244
5,098   4,463 635
6,221   6,280 -59
6,863   4,270 2,593
4,510   3,225 1,285
12,788   6,924 5,864
4,782   3,261 1,521
5,332   4,193 1,139
5,911   6,146 -235
1,312   1,262 50
7,909   4,306 3,603
8,671   9,243 -572
4,366   4,947 -581
4,506   2,740 1,766
3,269   3,147 122
11,412   8,152 3,260
1,290   1,373 -83
13,356   10,866 2,490
67,708   65,198 2,510
18,608   15,090 3,518
5,284   4,776 508
6,288   6,249 39
7,701   8,268 -567
3,878   3,758 120
9,213   7,586 1,627
5,118   5,572 -454
369   398 -29
2,093   2,318 -225
9,324   9,827 -503
8,896   8,872 24
9,327   7,196 2,131
3,149   2,332 817
5,333   3,595 1,738
4,898   4,491 407
4,217   4,443 -226
952   1,056 -104
6,958   3,418 3,540
4,695   2,205 2,490
6,101   5,184 917
3,703   4,187 -484
3,648   2,381 1,267
5,232   2,723 2,509
2,129   1,876 253
7,688   6,912 776
9,922   3,798 6,124
4,464   2,010 2,454
5,955   4,159 1,796
6,444   5,475 969
5,501   4,511 990
5,830   4,637 1,193
5,779   3,709 2,070
5,153   3,915 1,238
5,179   4,327 852
3,800   13,900 -10,100
5,784   7,339 -1,555
1,884   1,983 -99
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       343
b       -436
c       880
d       2,655
e        
      804
      14
      1,736
      2,070
      39
      2,465
      312
      498
      -1,820
      -1,185
      1,748
      728
      2,022
      4,822
      244
      635
      -59
      2,593
      1,285
      5,864
      1,521
      1,139
      -235
      50
      3,603
      -572
      -581
      1,766
      122
      3,260
      -83
      2,490
      2,510
      3,518
      508
      39
      -567
      120
      1,627
      -454
      -29
      -225
      -503
      24
      2,131
      817
      1,738
      407
      -226
      -104
      3,540
      2,490
      917
      -484
      1,267
      2,509
      253
      776
      6,124
      2,454
      1,796
      969
      990
      1,193
      2,070
      1,238
      852
      -10,100
      -1,555
      -99
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 73,096
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 58,999 878,679 0.067145
2008 67,200 1,097,239 0.061245
2007 63,400 1,335,460 0.047474
2006 65,500 1,248,348 0.052469
2005 72,340 1,211,382 0.059717
2 Total of line 1, column (d) ...................... 2 0.28805
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 0.05761
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 940,803
5 Multiply line 4 by line 3....................... 5 54,200
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 794
7 Add lines 5 and 6......................... 7 54,994
8 Enter qualifying distributions from Part XII, line 4.............. 8 60,006
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 1 794
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............................ 3 794
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- ..... 5 794
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 104
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 104
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 690
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)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 addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING AND TRUST COMPANY Telephone no.bullet (276) 666-3103
    Located atbulletP O BOX 5228MARTINSVILLEVA ZIP+4bullet24115
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    1     		15,732    
    P O BOX 5228
    MARTINSVILLE,VA24115
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    904,986
    b
    Average of monthly cash balances.......................
    1b
    36,154
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    13,990
    d
    Total (add lines 1a, b, and c).........................
    1d
    955,130
    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
    955,130
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    14,327
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    940,803
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    47,040
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    47,040
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    794
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    794
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    46,246
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    46,246
    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
    46,246
    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
    60,006
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    60,006
    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
    794
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    59,212
    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 46,246
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:2008, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 3,326
    b From 2006....... 1,539
    c From 2007....... 0
    d From 2008....... 12,772
    e From 2009....... 15,267
    fTotal of lines 3a through e......... 32,904
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 60,006
    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..... 46,246
    e Remaining amount distributed out of corpus 13,760
    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 46,664
    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) .............     		3,326
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		43,338
    10 Analysis of line 9:
    a Excess from 2006.... 1,539
    b Excess from 2007.... 0
    c Excess from 2008.... 12,772
    d Excess from 2009.... 15,267
    e Excess from 2010.... 13,760
    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:
    BRANCH BANKING AND TRUST COMPANY
    P O BOX 5228
    MARTINSVILLE,VA24115
    (276) 666-3103
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION TO SUBMITTED BY ABOVE IN 2(A).
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE TO STUDENTS FROM MARTINSVILLE & HENRY CO., VIRGINIA, INCLUDING CHILDREN OF OFFICERS & EMPLOYEES OF BB&T, NOT LIMITED TO LOCALITIES IF FUNDS ARE AVAILABLE.
    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
    JAMES MADISON UNIVERSITY
    FBO ALYSSA C BEAM
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    UNIVERSITY OF VA COLLEGE AT WISE
    FBO ALANA GRACE DODD
    WISE,VA24293     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    EMORY HENRY COLLEGE
    FBO ANTHONY DAVONNE REDD
    EMORY,VA24327     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    SWEET BRIAR COLLEGE
    FBO AMANDA NICOLE THOMPSON
    SWEET BRIAR,VA24595     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    THE UNIVERSITY OF VIRGINIA
    FBO ASHLEY D WRIGHT
    CHARLOTTESVILLE,VA22904     		N/A N/A SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    VIRGINIA TECH
    FBO BROOKE S HAIRSTON
    BLACKSBURG,VA24061     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIVERSITY
    FBO BROOKE N JOYCE
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    UNIVERSITY OF NEBRASKA - LINCOLN
    FBO BRITTNY DEE OFSTEDAL
    LINCOLN,NE68588     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    RADFORD UNIVERSITY
    FBO CHRISTINA R CAHILL
    RADFORD,VA24142     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    VIRGINIA TECH
    FBO CHELSEA L DOLLARHITE
    BLACKSBURG,VA24061     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    UNIVERSITY OF VIRGINIA
    FBO CHRISTOPHER R FENDER
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIVERSITY
    FBO CECIL KIRBY FRANCE
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    LIBERTY UNIVERSITY
    FBO CANDACE L MCGUIRE
    LYNCHBURG,VA24501     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    UNIVERSITY OF VIRGINIA
    FBO COLIN M WELCH
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JEFFERSON COLLEGE OF HEALTH SCI
    FBO CECILLIA LEIGH WHITE
    ROANOKE,VA24031     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    FERRUM COLLEGE
    FBO CODY M WRIGHT
    FERRUM,VA24088     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    VIRGINIA COMMONWEALTH UNIV
    FBO DEIDRE C CARTER
    RICHMOND,VA23284     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    UNIVERSITY OF VIRGINIA
    FBO DYLAN L HOLT
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    UNIVERSITY OF VIRGINIA
    FBO DAVID L WILLIAMS
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    PATRICK HENRY COMM COLLEGE
    FBO ELIZABETH A MARSHALL
    MARTINSVILLE,VA24115     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    CHRISTOPHER NEWPORT UNIV
    FBO ERICA J MCDANIEL
    NEWPORT NEWS,VA23606     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    VIRGINIA TECH
    FBO ELIZABETH A TURNEY
    BLACKSBURG,VA24061     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    UNIVERSITY OF VIRGINIA
    FBO EMILY S WIMMER
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIV
    FBO HOUSTON I STUTZ
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIVERSITY
    FBO JOSEPH A COMPTON
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    VIRGINIA COMMONWEALTH UNIV
    FBO JORDAN T DYKMAN
    RICHMOND,VA23284     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    LIBERTY UNIVERSITY
    FBO JENNA L LAWSON
    LYNCHBURG,VA24501     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    ROANOKE COLLEGE
    FBO JENNIFER D QUIGG
    ROANOKE,VA24153     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    WAKE FOREST UNIVERSITY
    FBO JILLIAN ALYSSA RINALDI
    WINSTON SALEM,NC27106     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIVERSITY
    FBO KASEY E GRAY
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    OLD DOMINION UNIVERSITY
    FBO LESLIE E SIMMONS
    NORFOLK,VA23529     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    LIBERTY UNIVERSITY
    FBO MEGAN N HERNDON
    LYNCHBURG,VA24502     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIVERSITY
    FBO MEREDITH C SEAMON
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    JAMES MADISON UNIVERSITY
    FBO MORGAN E SPANGLER
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    JAMES MADISON UNIVERSITY
    FBO NATHAN H KNOPP
    HARRISONBURG,VA22807     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    PATRICK HENRY COMM COLLEGE
    FBO RONALD M BELCHER
    MARTINSVILLE,VA24112     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    RADFORD UNIVERSITY
    FBO RACHEL E DEBUSK
    RADFORD,VA24142     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    VIRGINIA TECH
    FBO ROSS PARKER SMITH
    BLACKSBURG,VA24061     		NONE N/A SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    VIRGINIA TECH
    FBO SHANICE N HAIRSTON
    BLACKSBURG,VA24061     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    RANDOLPH COLLEGE
    FBO SARA LAWRENCE KASEY
    LYNCHBURG,VA24503     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    UNIVERSITY OF VIRGINIA
    FBO JAMES G HOY
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    PATRICK HENRY COMM COLLEGE
    FBO SCOTT D REYNOLDS
    MARTINSVILLE,VA24115     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 2,000
    RADFORD UNIVERSITY
    FBO STEPHANIE M WASHBURN
    RADFORD,VA24142     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    PATRICK HENRY COMM COLLEGE
    FBO TIFFANY N ASHLEY
    MARTINSVILLE,VA24115     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    CHRISTOPHER NEWPORT UNIVERSITY
    FBO TYLER LEE JARRETT
    NEWPORT NEWS,VA23606     		N/A PUBLIC SCHOLARSHIP AND EDUCATIONAL ASSISTANCE 500
    Total .................................bullet 3a 60,000
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 22,302  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 73,096  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFIDUCIARY REFUND     14 231  
    bLITIGATION PROCEED     14 35  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   95,664  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1395,664
    (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.)
    11 0
    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


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    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    R G ATKINS EDUCATIONAL TRUST
    EIN: 54-6426032
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 6,790 6,947
    AMGEN INC    
    ANDARKO PETE CORP    
    ABB LTD SPONS ADR 7,419 11,001
    AT&T INC 4,961 5,582
    BANK OF AMERICA CORP 4,638 4,002
    BAXTER INTERNATIONAL IN    
    CHEVRON CORP 3,077 5,931
    CISCO SYSTEMS 2,693 5,058
    THE WALT DISNEY COMPANY 2,834 6,377
    EMERSON ELECTRIC COMPANY    
    EXELON CORP    
    GENERAL ELECTRIC COMPANY 4,765 5,304
    HOME DEPOT INC    
    HEWLETT PACKARD 4,786 5,052
    INTEL 4,526 4,837
    J P MORGAN CHASE & CO 4,411 5,090
    MERCK & CO INC 5,220 5,046
    MICROSOFT CORP 8,886 11,164
    ORACLE SYS CORP 3,897 9,390
    PEPSICO INC 4,400 5,553
    PFIZER INC 5,623 6,654
    PROCTOR AND GAMBLE 5,444 7,527
    SCHLUMBERGER LTD 3,560 12,525
    SYSCO CORPORATION    
    TARGET CORP 2,680 7,216
    T ROWE PRICE GROUP INC    
    UNILEVER PLC-SPNS ADR 3,982 4,941
    TEVA PHARMACEUTICAL INDS 4,725 4,692
    VODAFONE GROUP PLC 6,121 8,725
    APACHE CORPORATION    
    APPLIED MATERIALS    
    ARCHER-DANIELS-MIDLANDS CO    
    AVERY DENNISON CORP 4,530 5,928
    BERKSHIRE HATHAWAY INC 3,524 4,807
    CVS CAREMARK CORP    
    CLOROX CO    
    COMCAST CORP CLASS A 4,001 5,712
    CONOCOPHILLIPS 6,310 8,513
    CORNING INC 3,294 5,216
    DELL INC    
    DREAMWORKS ANIMATION SKG INC 4,634 4,715
    EBAY INC    
    EDISON INTL    
    GOOGLE INC 2,740 5,940
    JOHNSON & JOHNSON 2,299 2,474
    KRAFT FOODS INC-A    
    MARATHON OIL CORPORATION    
    MEDTRONIC INC 6,559 6,491
    MONSANTO CO    
    PALL CORPORATION 3,081 5,950
    QUALCOMM INC    
    SMITH INTL INC    
    STAPLES INC    
    THE TRAVELERS COMPANIES INC 3,119 5,014
    V F CORP 4,323 5,171
    WELLPOINT INC    
    WELLS FARGO & CO 6,235 7,128
    WHITTING PETROLEUM CORP 5,554 8,203
    TRANSOCEAN LTD    
    SUNCOR ENERGY INC 9,450 11,870
    UNITED HEALTH GROUP INC    
    AGCO CORPORATION 4,680 8,612
    ADIDAS AG 4,651 6,282
    AEROPOSTALE INC 4,343 3,696
    ALBEMARLE CORP 4,427 6,136
    AMPHENOL CORP CL A 4,783 6,334
    AON CORPORATION 3,217 3,773
    APPLE COMPUTER CORPORATION 4,592 5,806
    ARCELORMITTAL 4,680 6,101
    ATLAS COPCO AB SONS 4,582 7,825
    BNP PARIBAS 4,730 4,790
    BANCO BRADESCO S A 1,428 1,725
    BARCLAYS PLC - SPONS ADR 4,745 4,295
    BECKMAN COULTER INC 4,544 5,642
    BHP BILLITON LIMITED 4,356 6,504
    BIO-RAD LABS CLASS A 4,767 5,712
    CME GROUP INC 4,566 5,148
    CVS CAREMARK CORP 4,060 5,216
    CAMECO CORP 4,678 8,480
    COCA COLA COMPANY 4,537 5,919
    CROWN HOLDINGS INC 5,288 7,010
    DISCOVER FINANCIAL SERVICES 4,703 6,115
    EXXON MOBIL CORPORATION 3,628 4,022
    FEI COMPANY 4,575 6,074
    FISERV 4,601 5,856
    HDFC BANK LTD 4,662 5,348
    HASBRO INC 4,578 5,190
    HELMARICH & PAYNE INC 1,574 1,939
    HOSPIRA INC 4,638 4,455
    IHS INC 4,683 6,431
    INTERCONTINENTALEXCHANGE INC 3,204 3,336
    INTERNATIONAL BUSINESS MACH 4,481 5,283
    MINING AND METALLURGICAL CO 4,810 7,130
    KB FINANCIAL GROUP INC 4,579 6,347
    KRAFT FOODS INC - A 7,320 8,193
    KROGER COMPANY 6,708 6,932
    LEUCADIA NATIONAL CORP 4,552 6,711
    LOCKHEED MARTIN CORP 4,513 4,195
    MEDNAX INC 4,454 5,383
    METLIFE INC 6,127 7,110
    MORGAN STANLEY 4,461 5,170
    NESTLE SA 4,601 5,580
    NOBLE ENERGY INC 4,579 6,456
    NOVARTIS A G 4,721 6,190
    OSHKOSH TRUCK B CL B 4,473 4,934
    OWENS ILLINOIS 4,548 5,219
    PLEXUS CORP 4,622 5,260
    PRUDENTIAL PLC 4,706 6,258
    QUEST SOFTWARE INC 4,585 6,935
    ROCK-TENN COMPANY "A" 4,602 4,856
    ROVI CORPORATION 4,603 7,441
    SEI INVESTMENTS COMPANY 4,545 5,234
    SLM CORPORATION 4,456 5,288
    SIGMA ALDRICH CORP 4,711 5,990
    SOLUTIA INC 4,419 7,616
    STATE STREET CORP 6,256 7,878
    TECK CORPORATION 4,476 9,275
    WABCO HLDG INC 4,799 9,140
    WASTE CONNECTIONS 4,570 5,368
    JOHN WILEY & SONS INC CL A 4,693 5,429
    WOLVERINE WORLD WIDE INC 4,603 5,738
    ALLIED WORL ASSURANCE COMPANY 4,602 5,944
    WEATHERFORD INTL LTD 4,552 7,752
    TYCO INTERNATIONAL LTD 6,089 7,045
    TYCO ELECTRONICS LTD 5,949 7,434
    MILLICOM INTL CELLULAR S.A. 4,530 5,258

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    R G ATKINS EDUCATIONAL TRUST
    EIN: 54-6426032
    US Government Securities - End of Year Book Value:

    174,493
    US Government Securities - End of Year Fair Market Value:

    180,036
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 InvestmentsOtherSchedule2
    Name:
    R G ATKINS EDUCATIONAL TRUST
    EIN: 54-6426032
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES MSCI EAFE INDEX FUND      
    ISHARES RUSSELL MIDCAP INDEX FMV 4,614 7,123
    ISHARES S&P SMALLCAP 600 INDEX FMV 4,882 7,532
    DODGE & COX INCOME FUND FMV 89,304 95,281
    SPDR GOLD TRUST FMV 5,037 9,017
    FINANCIAL SELECT SECTOR SPDR AT COST 2,392 5,184
    FORWARD INTER SM COMP FD AT COST 11,267 14,624
    LAZARD EMERGING MKTS PORT INST AT COST 7,756 9,251
    UTILITIES SELECT SECTOR SPDR AT COST 4,566 5,014

    TY 2010 OtherAssetsSchedule
    Name:
    R G ATKINS EDUCATIONAL TRUST
    EIN: 54-6426032
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ROSELAWN BURIAL CRYPTS 13,900 0 0


    TY 2010 OtherDecreasesSchedule
    Name:
    R G ATKINS EDUCATIONAL TRUST
    EIN: 54-6426032
    Description Amount
    MUTUAL FND ACCRUALS RCVD/REPTD 108
    ROUNDING 6


    TY 2010 OtherIncomeSchedule2
    Name:
    R G ATKINS EDUCATIONAL TRUST
    EIN: 54-6426032
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    US TREASURY FEDERAL FIDUCIARY REFUND 231 231  
    AOL TIME WARNER LITIGATION PROCEEDS 15 15  
    EL PASO LITIGATION PROCEEDS 20 20