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
MERANCAS FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)14051 ISLAND DRIVE   Room/suite
City or town, state, and ZIP code
HUNTERSVILLE, NC28078
A Employer identification number

56-1677733
B Telephone number (see page 10 of the instructions)

(704) 992-0705
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$35,970,225J 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 115 115  
4 Dividends and interest from securities...... 140,456 140,456  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,931,438
b Gross sales price for all assets on line 6a 26,754,092
7 Capital gain net income (from Part IV, line 2)... 2,931,438
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 13 13  
12 Total. Add lines 1 through 11........ 3,072,022 3,072,022  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,500      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 32,947 5,419    
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 2,254 2,254    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,701 7,673   0
25 Contributions, gifts, grants paid........ 4,314,083 4,314,083
26 Total expenses and disbursements. Add lines 24 and 25 4,350,784 7,673   4,314,083
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,278,762
b Net investment income (if negative, enter -0-) 3,064,349
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.......... 1,671,608 536,053 536,053
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 24,042,064 Click to see attachment23,898,857 35,434,172
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)...........      
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) 25,713,672 24,434,910 35,970,225
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 25,713,672 24,434,910
30 Total net assets or fund balances (see page 17 of the
instructions).................... 25,713,672 24,434,910
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 25,713,672 24,434,910
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 25,713,672
2 Enter amount from Part I, line 27a...................... 2 -1,278,762
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 24,434,910
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 24,434,910
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 A123 SYSTEMS INC P 2009-09-24 2010-08-12
b BERKLEY W R CORPORATION P 2002-10-30 2010-09-13
c CLEAN HARBORS INC P 2009-06-05 2010-04-21
d GOOGLE INC CL A P 2009-01-05 2010-04-22
e JPMORGAN CHASE & CO P 2009-04-01 2010-02-09
RESEARCH IN MOTION LTD P 2002-11-25 2010-06-30
TERADATA CORP P 2009-08-31 2010-10-15
VISTAPRINT NV US LISTED P 2009-06-22 2010-07-29
ABAXIS INC P 2010-02-04 2010-07-22
BERKLEY W R CORPORATION P 2009-01-06 2010-09-13
COGNIZANT TECHNOLOGY SOLUTIONS CORP P 2007-11-07 2010-03-19
HURON CONSULTING GROUP INC P 2010-01-11 2010-03-15
JPMORGAN CHASE & CO P 2009-04-09 2010-02-09
RESEARCH IN MOTION LTD P 2002-11-25 2010-07-02
TERADATA CORP P 2009-09-16 2010-10-15
WABASH NATIONAL CORP P 2010-04-14 2010-12-20
ACTELION LTD SWISS LISTED P 2008-07-15 2010-02-16
BERKLEY W R CORPORATION P 2009-01-06 2010-11-23
CROCS INC P 2010-09-09 2010-09-16
HURON CONSULTING GROUP INC P 2010-01-11 2010-04-06
JPMORGAN CHASE & CO P 2009-04-15 2010-02-09
RESEARCH IN MOTION LTD P 2002-11-25 2010-07-06
TERADATA CORP P 2009-09-16 2010-11-23
WABASH NATIONAL CORP P 2010-04-14 2010-12-23
ACTELION LTD SWISS LISTED P 2008-07-15 2010-09-27
BERKLEY W R CORPORATION P 2009-01-26 2010-11-23
DRAGONWAVE INC P 2009-10-21 2010-11-09
HURON CONSULTING GROUP INC P 2010-01-26 2010-04-06
JPMORGAN CHASE & CO P 2009-04-16 2010-02-09
RESEARCH IN MOTION LTD P 2002-11-25 2010-07-08
TRANSATLANTIC HOLDINGS INC P 2009-10-26 2010-12-20
WYNN RESORTS LTD P 2009-07-22 2010-01-27
ADOBE SYSTEMS INC P 2009-04-20 2010-08-12
BYD COMPANY LTD H SHARES P 2009-08-04 2010-05-14
EBAY INC P 2010-03-05 2010-07-21
ICICI BANK LTD SPONSORED ADR P 2009-04-13 2010-07-01
JPMORGAN CHASE & CO P 2009-04-16 2010-05-17
RESEARCH IN MOTION LTD P 2002-11-25 2010-08-05
TRANSCEND SVCS INC COM NEW P 2009-10-28 2010-04-28
ZENITH NATIONAL INSURANCE CORP P 2009-12-16 2010-02-18
AGNICO EAGLE MINES LTD P 2009-05-26 2010-10-07
CIT GROUP INC COM NEW P 2010-01-08 2010-08-24
EBAY INC P 2010-03-05 2010-10-15
ICICI BANK LTD SPONSORED ADR P 2009-05-05 2010-07-01
JPMORGAN CHASE & CO P 2009-04-16 2010-07-01
RESEARCH IN MOTION LTD P 2002-11-25 2010-08-26
UNITED CONTINENTAL HLDGS INC P 2010-03-10 2010-12-08
ZENITH NATIONAL INSURANCE CORP P 2009-12-17 2010-02-18
AUTONOMY CORP ORD P 2009-10-06 2010-08-17
CIT GROUP INC COM NEW P 2010-01-08 2010-12-08
EBAY INC P 2010-03-08 2010-10-15
ICICI BANK LTD SPONSORED ADR P 2009-05-11 2010-07-01
LI NING CO LTD P 2009-07-07 2010-06-15
RESEARCH IN MOTION LTD P 2002-11-25 2010-09-02
VALIDUS HOLDINGS LTD P 2009-05-15 2010-08-23
BANCO BRADESCO S A P 2009-09-11 2010-01-22
CIT GROUP INC COM NEW P 2010-02-08 2010-12-08
EBAY INC P 2010-08-24 2010-10-15
IMAX CORP P 2009-08-05 2010-07-07
LIVEPERSON INC P 2009-10-22 2010-12-20
RESEARCH IN MOTION LTD P 2002-11-25 2010-09-20
VALIDUS HOLDINGS LTD P 2009-05-15 2010-09-22
BANCO BRADESCO S A P 2009-09-11 2010-07-02
CIT GROUP INC COM NEW P 2010-02-08 2010-12-20
FINISAR CORPORATION NEW P 2010-03-19 2010-10-28
INSITUFORM TECHNOLOGIES INC CL A P 2009-06-15 2010-02-25
LIVEPERSON INC P 2009-10-22 2010-12-21
SODASTREAM INTERNATIONAL LTD P 2010-11-03 2010-12-17
VALIDUS HOLDINGS LTD P 2009-08-12 2010-09-22
BANCO SANTANDER BRAZIL SA P 2009-12-02 2010-06-04
CIT GROUP INC COM NEW P 2010-02-08 2010-12-20
FLEXTRONICS INTERNATIONAL LTD P 2010-04-26 2010-08-05
INSITUFORM TECHNOLOGIES INC CL A P 2009-08-03 2010-02-25
LIVEPERSON INC P 2009-10-22 2010-12-23
SOLUTIA INC NEW P 2009-07-27 2010-08-24
VALIDUS HOLDINGS LTD P 2009-08-17 2010-09-22
BANCO SANTANDER BRAZIL SA P 2009-12-02 2010-06-21
CITIGROUP INC P 2009-12-16 2010-01-21
FORD MOTOR CO PAR 0.01 P 2009-07-23 2010-01-22
INSITUFORM TECHNOLOGIES INC CL A P 2009-08-03 2010-03-02
MAXLINEAR INC CL A P 2010-03-23 2010-03-30
SPDR GOLD TR GOLD SHS P 2010-03-01 2010-12-23
VERA BRADLEY INC P 2010-10-21 2010-12-20
BERKLEY W R CORPORATION P 2009-01-06 2010-07-26
CITIGROUP INC P 2009-12-16 2010-02-09
FORD MOTOR CO PAR 0.01 P 2010-01-12 2010-01-22
INTERNATIONAL BUSINESS MACHINES CORP P 2009-11-11 2010-01-26
MONSANTO CO NEW P 2009-05-18 2010-02-25
SPRINT NEXTEL CORPORATION P 2010-04-22 2010-09-30
VISA INC CL A COMMON STOCK P 2009-03-05 2010-04-30
BERKLEY W R CORPORATION P 2002-10-30 2010-08-12
CITIGROUP INC P 2010-03-23 2010-05-17
GOLDCORP INC NEW P 2009-12-16 2010-01-25
INTERNATIONAL BUSINESS MACHINES CORP P 2009-11-16 2010-01-26
NVIDIA CORP P 2010-01-12 2010-04-09
TENNESSEE COMMERCE BANCORP INC P 2006-11-08 2010-10-08
VISA INC CL A COMMON STOCK P 2009-03-05 2010-05-18
BERKLEY W R CORPORATION P 2002-10-30 2010-08-13
CITIGROUP INC P 2010-03-24 2010-05-17
GOOGLE INC CL A P 2008-04-02 2010-03-24
INTERNATIONAL BUSINESS MACHINES CORP P 2009-11-24 2010-01-26
OCLARO INC NEW P 2010-03-19 2010-10-28
TENNESSEE COMMERCE BANCORP INC P 2006-11-08 2010-10-11
VISA INC CL A COMMON STOCK P 2009-04-02 2010-05-18
BERKLEY W R CORPORATION P 2002-10-30 2010-08-19
CITIGROUP INC P 2010-03-24 2010-08-04
GOOGLE INC CL A P 2008-04-02 2010-04-22
ITAU UNIBANCO BANCO HOLDING S A P 2009-09-01 2010-02-25
PETROLEO BRASILEIRO SA PETROBRAS P 2009-05-26 2010-11-26
TENNESSEE COMMERCE BANCORP INC P 2006-11-08 2010-10-12
VISTAPRINT NV US LISTED P 2010-01-04 2010-07-29
(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 204,264   457,454 -253,190
b 29,013   11,880 17,133
c 493,894   511,287 -17,393
d 226,776   137,405 89,371
e 235,896   174,784 61,112
315,938   15,534 300,404
704,697   500,287 204,410
510,871   633,705 -122,834
383,323   493,160 -109,837
36,984   41,179 -4,195
363,651   236,399 127,252
87,339   94,816 -7,477
208,422   168,479 39,943
166,919   8,495 158,424
166,947   115,231 51,716
236,403   178,578 57,825
199,805   212,489 -12,684
65,275   70,862 -5,587
227,810   253,366 -25,556
33,946   37,581 -3,635
206,528   173,273 33,255
121,576   6,068 115,508
407,992   268,213 139,779
158,843   120,130 38,713
257,424   338,146 -80,722
371,654   370,269 1,385
368,815   514,774 -145,959
86,708   99,569 -12,861
154,422   136,420 18,002
255,855   12,682 243,173
499,011   504,529 -5,518
699,183   486,012 213,171
418,076   361,090 56,986
128,448   94,880 33,568
101,065   126,779 -25,714
130,260   64,926 65,334
409,073   354,860 54,213
408,911   18,992 389,919
160,118   189,193 -29,075
339,265   273,740 65,525
520,340   416,176 104,164
144,639   129,626 15,013
81,476   79,939 1,537
323,435   221,371 102,064
189,060   174,919 14,141
115,473   5,946 109,527
628,726   537,313 91,413
289,076   234,265 54,811
288,966   308,175 -19,209
386,603   303,554 83,049
111,394   110,069 1,325
50,509   31,442 19,067
359,259   311,951 47,308
163,468   9,102 154,366
207,097   204,844 2,253
223,094   209,898 13,196
141,685   109,506 32,179
369,190   337,939 31,251
946,538   709,375 237,163
44,502   21,324 23,178
163,214   8,883 154,331
181,466   171,313 10,153
20,914   20,982 -68
64,351   47,970 16,381
542,832   541,078 1,754
199,101   138,263 60,838
231,497   112,474 119,023
30,774   20,000 10,774
113,658   108,850 4,808
233,620   334,664 -101,044
104,652   77,077 27,575
341,590   468,272 -126,682
26,528   22,518 4,010
66,712   33,031 33,681
146,288   84,205 62,083
191,152   186,661 4,491
141,671   176,426 -34,755
247,079   237,227 9,852
356,264   237,837 118,427
411,298   301,491 109,807
54,351   42,000 12,351
505,114   418,128 86,986
125,329   74,432 50,897
259,312   281,558 -22,246
450,907   452,624 -1,717
8,291   9,301 -1,010
290,542   294,085 -3,543
373,157   480,754 -107,597
354,105   333,578 20,527
194,217   115,583 78,634
36,483   14,984 21,499
195,232   214,022 -18,790
550,822   611,604 -60,782
107,374   109,377 -2,003
306,457   326,472 -20,015
19,034   120,246 -101,212
177,891   138,268 39,623
88,991   36,390 52,601
11,440   12,692 -1,252
399,551   355,473 44,078
174,325   178,081 -3,756
165,911   254,868 -88,957
17,343   109,592 -92,249
158,087   128,303 29,784
56,231   23,011 33,220
197,250   203,070 -5,820
297,136   261,602 35,534
558,624   510,437 48,187
509,948   676,726 -166,778
32,307   203,062 -170,755
97,739   168,859 -71,120
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       -253,190
b       17,133
c       -17,393
d       89,371
e       61,112
      300,404
      204,410
      -122,834
      -109,837
      -4,195
      127,252
      -7,477
      39,943
      158,424
      51,716
      57,825
      -12,684
      -5,587
      -25,556
      -3,635
      33,255
      115,508
      139,779
      38,713
      -80,722
      1,385
      -145,959
      -12,861
      18,002
      243,173
      -5,518
      213,171
      56,986
      33,568
      -25,714
      65,334
      54,213
      389,919
      -29,075
      65,525
      104,164
      15,013
      1,537
      102,064
      14,141
      109,527
      91,413
      54,811
      -19,209
      83,049
      1,325
      19,067
      47,308
      154,366
      2,253
      13,196
      32,179
      31,251
      237,163
      23,178
      154,331
      10,153
      -68
      16,381
      1,754
      60,838
      119,023
      10,774
      4,808
      -101,044
      27,575
      -126,682
      4,010
      33,681
      62,083
      4,491
      -34,755
      9,852
      118,427
      109,807
      12,351
      86,986
      50,897
      -22,246
      -1,717
      -1,010
      -3,543
      -107,597
      20,527
      78,634
      21,499
      -18,790
      -60,782
      -2,003
      -20,015
      -101,212
      39,623
      52,601
      -1,252
      44,078
      -3,756
      -88,957
      -92,249
      29,784
      33,220
      -5,820
      35,534
      48,187
      -166,778
      -170,755
      -71,120
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 2,931,438
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 3 594,867
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 4,695,734 31,431,651 0.149395
2008 4,936,623 52,369,355 0.094265
2007 4,143,043 58,031,100 0.071393
2006 2,888,022 44,678,314 0.064640
2005 2,458,343 38,694,834 0.063532
2 Total of line 1, column (d) ...................... 2 0.443225
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 0.088645
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 32,485,306
5 Multiply line 4 by line 3....................... 5 2,879,660
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 30,643
7 Add lines 5 and 6......................... 7 2,910,303
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,314,083
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 30,643
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  
3 Add lines 1 and 2............................ 3 30,643
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 30,643
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 30,738
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 30,738
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 12
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 83
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet83 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNC
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.MERANCAS.ORG
    14
    The books are in care ofbulletC A M MERMANS Telephone no.bullet (704) 992-0705
    Located atbullet14051 ISLAND DRHUNTERSVILLENC ZIP+4bullet28078
    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
     
     
    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
     
     
    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
    CORNELIS A M MERMANSClick to see attachment PRESIDENT
    7.50     		0 0 0
    14051 ISLAND DRIVE
    HUNTERSVILLE,NC28078
    JOHANNA J MERMANSClick to see attachment VICE PRES
    1.25     		0 0 0
    14051 ISLAND DRIVE
    HUNTERSVILLE,NC28078
    ANTHONY A MERMANSClick to see attachment DIRECTOR
    1.25     		0 0 0
    2011 RADCLIFFE AVENUE
    CHARLOTTE,NC28207
    JENNIFER E MERMANSClick to see attachment SECRETARY
    1.25     		0 0 0
    210 ELM ROAD
    PRINCETON,NJ08540
    BRYAN K MERMANSClick to see attachment DIRECTOR
    1.25     		0 0 0
    1721 LYNDHURST AVE
    CHARLOTTE,NC28203
    ROBIN B MERMANSClick to see attachment DIRECTOR
    1.25     		0 0 0
    1721 LYNDHURST AVE
    CHARLOTTE,NC28203
    NICOLE A MERMANSClick to see attachment DIRECTOR
    1.25     		0 0 0
    361 17TH STREET NW
    ATLANTA,GA30363
    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  
    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.............bullet  
    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 N/A  
    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
    31,538,338
    b
    Average of monthly cash balances.......................
    1b
    1,441,668
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,980,006
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    32,980,006
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    494,700
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,485,306
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,624,265
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,624,265
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    30,643
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    30,643
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,593,622
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    1,593,622
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,593,622
    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
    4,314,083
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    4,314,083
    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
    30,643
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    4,283,440
    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 1,593,622
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 580,065
    b From 2006....... 902,436
    c From 2007....... 1,476,206
    d From 2008....... 2,329,197
    e From 2009....... 3,128,779
    fTotal of lines 3a through e......... 8,416,683
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 4,314,083
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 1,593,622
    e Remaining amount distributed out of corpus 2,720,461
    5 Excess distributions carryover applied to 2010.    
    (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 11,137,144
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    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) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		580,065
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		10,557,079
    10 Analysis of line 9:
    a Excess from 2006.... 902,436
    b Excess from 2007.... 1,476,206
    c Excess from 2008.... 2,329,197
    d Excess from 2009.... 3,128,779
    e Excess from 2010.... 2,720,461
    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:
    CASEY MERMANS
    14051 ISLAND DRIVE
    HUNTERSVILLE,NC28078
    (704) 992-0705
    bThe form in which applications should be submitted and information and materials they should include:
    PROPOSAL/LETTER OF REQUEST INDICATING HOW ORGANIZATION'S GOALS ALIGN WITH FOUNDATION'S, AMOUNT OF MONEY REQUESTED AND HOW IT WILL BE USED. INCLUDE CURRENT FINANCIAL STATEMENTS AND PROOF OF 501(3)(C) STATUS.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO SUPPORT FOR ARTS, POLITICAL OR RELIGIOUS PURPOSES. NO GRANTS TO INDIVIUALS.
    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
    ALEXANDER YOUTH NETWORK
    6220 THERMAL ROAD
    CHARLOTTE,NC28211     		  501(C)(3) BEHAVIOR HEALTHCARE FOR CHILDREN 100,000
    CHARLOTTE SPEECH & HEARIN
    210 EAST WOODLAWN ROAD S
    CHARLOTTE,NC28217     		  501(C)(3) HEARING AIDS FOR POOR KIDS 20,000
    COMMUNITY LINK
    601 EAST FIFTH STREET SU
    CHARLOTTE,NC28202     		  501(C)(3) ASSISTANCE FOR HOMELESS 75,000
    JUNIOR LEAGUE
    1332 MARYLAND AVE
    CHARLOTTE,NC28209     		  501(C)(3) HEALTHY NEEDS PROGRAM 25,000
    AMERICAN RED CROSS
    2425 PARK ROAD
    CHARLOTTE,NC28203     		  501(C)(3) GENERAL FUND/ EMERGENCY CARE 500,000
    ASSISTANCE LEAGUE
    POBOX 471112
    CHARLOTTE,NC28247     		  501(C)(3) UNIFORMS FOR SCHOOL CHILDREN 17,083
    AS ONE MINISTRIES
    805 A WEST AIRLINE AVE
    GASTONIA,NC28052     		  501(C)(3) AID FOR HOMELESS 25,000
    BIG BROTHERS BIG SISTERS
    3801 EAST INDEPENDENCE
    CHARLOTTE,NC28205     		  501(C)(3) MENTORING OF SCHOOL CHILDREN 25,000
    BOYS AND GIRLS CLUB
    1001 COCHRAN ST
    STATESVILLE,NC28677     		  501(C)(3) AFTERSCHOOL PROGRAMS & MENTORING 25,000
    CATHOLIC SOCIAL SERVICES
    1123 SOUTH CHURCH STREET
    CHARLOTTE,NC28203     		  501(C)(3) EDUCATION PROGRAM 75,000
    CHARL EMERGENCY HOUSING
    POBOX 9373
    CHARLOTTE,NC28299     		  501(C)(3) SHELTER FOR FAMILIES 25,000
    COMM CULINARY SCHOOL
    2401 ADISTRIBUTION STREE
    CHARLOTTE,NC28203     		  501(C)(3) SCHOOL FOR UNDEREMPLOYED 25,000
    COMM FOOD RESCUE
    500 B SPRATT STREET
    CHARLOTTE,NC28206     		  501(C)(3) FOOD FOR NEEDY 50,000
    COMMUNITY IN SCHOOLS
    601 EFIFTH STREET SUITE
    CHARLOTTE,NC28202     		  501(C)(3) ASSISTANCE FOR SCHOOL CHILDREN 5,000
    COUNCIL CHILDRENS RIGHTS
    601 EFIFTH STREET SUITE
    CHARLOTTE,NC28202     		  501(C)(3) LEGAL REPRESENTATION AND ADVOCACY 100,000
    CPCC
    POBOX 35009
    CHARLOTTE,NC28235     		  501(C)(3) SCHOLARSHIPS FOR VOCATIONAL TRAINING 535,000
    CRISIS ASSITANCE MINISTRY
    500 A SPRATT STREET
    CHARLOTTE,NC28206     		  501(C)(3) FOOD, SHELTER & CLOTHIMG FOR POOR 100,000
    DISCOVERY PLACE KIDS
    POBOX 237
    HUNTERSVILLE,NC28070     		  501(C)(3) CAPITAL CAMPAIGN FOR EDUC. MUSEUM 200,000
    ELON
    1717 SHARON ROAD WEST
    CHARLOTTE,NC28210     		  501(C)(3) VOCATIONAL TRAINING/CHARTER SCHOOL 100,000
    FAMILY SERVICES
    214 EAST FRANKLIN BLVD
    GASTONIA,NC28052     		  501(C)(3) CHILD ADVOCACY CENTER 25,000
    FLORENCE CRITTENDEN
    1300 BLYTHE BLVD
    CHARLOTTE,NC28203     		  501(C)(3) ASSIST UNWED MOTHERS & THEIR BABIES 50,000
    FREEDOM SCHOOLS PARTNERS
    POBOX 37363
    CHARLOTTE,NC28237     		  501(C)(3) SUMMER EDUCATION CAMPS FOR LOW INCOM 50,000
    FRIENDSHIP HOME INC
    2111 STAFFORD STREET EXTE
    MONROE,NC28110     		  501(C)(3) ALCOHOL AND DRUG ADDICTION TREATMENT 25,000
    FRIENDSHIP TRAYS
    2401 A DISTRIBUTION STREE
    CHARLOTTE,NC28203     		  501(C)(3) PROVIDE MEALS FOR SHUT-INS 100,000
    HABITAT CHARLOTTE
    POBOX 220287
    CHARLOTTE,NC28222     		  501(C)(3) BUILDING HOMES FOR LOW INCOME FAMS. 50,000
    HOPE HAVEN
    3815 NTRYON STREET
    CHARLOTTE,NC28206     		  501(C)(3) HOME FOR DRUG & AHCOHOL RECOVERY 60,000
    HOPE HOUSE
    15604 NORTHCROSS DRIVE
    HUNTERSVILLE,NC28078     		  501(C)(3) HOMELESS SHELTER FOR WOMEN & KIDS 25,000
    HOSPICE & COMMUNITY CARE
    2275 INDIA HOOK ROAD
    ROCK HILL,SC29732     		  501(C)(3) GRIEF & LOSS PROGRAM FOR CHILDREN 25,000
    HOSPICE AT CHARLOTTE
    1420 ESEVENTH STREET
    CHARLOTTE,NC28204     		  501(C)(3) PALLIATIVE CARE BUILDING 100,000
    HOUSE OF MERCY
    POBOX 808
    BELMONT,NC28012     		  501(C)(3) CARE FOR AIDS PATIENTS 25,000
    INTERNATIONAL HOUSE
    322 HAWTHORNE LANE
    CHARLOTTE,NC28204     		  501(C)(3) EDUCATION FOR IMMIGRANTS 23,000
    KINDERMOURN
    1320 HARDING PLACE
    CHARLOTTE,NC28204     		  501(C)(3) SAFE HAVEN FOR BEREAVED CHILDREN 15,000
    KIPP SCHOOL
    931 WILANN DRIVE
    CHARLOTTE,NC28215     		  501(C)(3) CHARTER SCHOOL 100,000
    MEALS ON WHEELS
    320 C COPPERFIELD DRIVE
    CONCORD,NC28025     		  501(C)(3) MEALS FOR SHUT-INS 25,000
    MEN'S SHELTER OF CHARLOTT
    1210 NORTH TRYON STREET
    CHARLOTTE,NC28206     		  501(C)(3) FOOD, SHELTER & CLOTHING FOR HOMELES 125,000
    ONE HUNDRED BLACK MEN
    931 WILANN DRIVE
    CHARLOTTE,NC28215     		  501(C)(3) TUTORING & SCHOLARSHIPS 30,000
    OUR TOWNS HABITAT
    POBOX 1088
    DAVIDSON,NC28036     		  501(C)(3) CONSTRUCTION COST FOR ONE HOUSE 50,000
    PLANNED PARENTHOOD
    4822 ALBERMARLE ROAD SUI
    CHARLOTTE,NC28205     		  501(C)(3) SEX EDUCATION FOR TEENS 85,000
    PAL POLICE ATLH LEAGUE
    812 OAKLAWN AVE
    CHARLOTTE,NC28206     		  501(C)(3) ATHELTIC PROGRAM FOR UNDERPRIVILEGED 30,000
    SALVATION ARMY
    4335 STUART ANDREW BLVD
    CHARLOTTE,NC28217     		  501(C)(3) SHELTER FOR WOMEN 50,000
    SHELTER HEALTH SERVICES
    534 SPRATT STREET
    CHARLOTTE,NC28206     		  501(C)(3) HEALTH CLINIC AT SALV. ARMY SHELTER 55,000
    ST PETERSMCCREECH
    PO5303
    CHARLOTTE,NC28299     		  501(C)(3) APARTMENT FOR THE POOR 25,000
    THOMPSONS CHILDREN HOME
    6800 STPETERS LANE
    MATTHEWS,NC28105     		  501(C)(3) GROUP HOME FOR FOSTER CARE KIDS 325,000
    UCP
    5700 EXECUTIVE CENTER DRI
    CHARLOTTE,NC28212     		  501(C)(3) STROLL IN THE PARK FOR HANDICAPPED 1,000
    UMAR
    POBOX 1558
    HUNTERSVILLE,NC28070     		  501(C)(3) GROUP HOME FOR FOSTER CARE KIDS 25,000
    UNION COUNTY CRISIS ASSIS
    1333 W ROOSEVELT BLVD
    MONROE,NC28110     		  501(C)(3) FOOD, SHELTER & CLOTHING FOR POOR 25,000
    UNION COUNTY SHELTER
    311 WJEFFERSON STREET
    MONROE,NC28112     		  501(C)(3) HOMELESS SHELTER 35,000
    UNITED FAMILY SERVICES
    601 EFIFTH STREET SUITE
    CHARLOTTE,NC28202     		  501(C)(3) CHILD ADVOCACY CENTER 25,000
    WISH (COUNCIL ON HOMELESS
    500 A SPRATT STREET
    CHARLOTTE,NC28206     		  501(C)(3) PERMANENT HOUSING FOR HOMELESS 100,000
    WITH FRIENDS
    2098 KEITH DRIVE
    GASTONIA,NC28054     		  501(C)(3) SHELTER FOR TROUBLED TEENS 15,000
    YWCA
    3420 PARK ROAD
    CHARLOTTE,NC28209     		  501(C)(3) TRANSITIONAL HOUSING FOR FAMILIES 25,000
    ATLANTA COMM FOOD BANK
    732 JOSELOWERY BLVD NW
    ATLANTA,GA30318     		  501(C)(3) FOODBANK 25,000
    ATLANTA TECH COLLEGE FND
    1560 METROPOLITAN PKWY SW
    ATLANTA,GA30310     		  501(C)(3) SCHOLARSHIPS FOR VOCATIONAL TRAINING 35,000
    THE BRIDGE
    1559 JOHNSON ROAD NW
    ATLANTA,GA30318     		  501(C)(3) TREATMENT CENTER FOR ADOLESCENTS 50,000
    CHRIS KIDS INC
    3109 CLAIRMONT ROAD SUIT
    ATLANTA,GA30329     		  501(C)(3) GROUP HOMES FOR VICTIMIZED CHILDREN 50,000
    CIRCLE OF FRIENDS
    401 WESTPARK CT STE 200
    PEACHTREE CTY,GA30269     		  501(C)(3) HOME FOR ABUSED WOMEN 25,000
    HELPING HANDS
    541 CAMBRIDGE STREET
    BOSTON,MA02134     		  501(C)(3) MONKEY HELPERS FOR DISABLED 60,000
    INTERNATIONAL RESCUE COMM
    2305 PARKLAKE DR NE 100
    ATLANTA,GA30345     		  501(C)(3) REFUGEE RESETTLEMENT 50,000
    OPEN HAND
    176 OTTLEY DRIVE NE
    ATLANTA,GA30324     		  501(C)(3) NUTRITION AND COUNSELING PROGRAM 20,000
    ASSOC FOR CHILDREN OF NJ
    35 HALSEY STREET
    NEWARK,NJ07102     		  501(C)(3) LEGAL REPRESENTATION & ADVOCACY 30,000
    BRUNSWICK CHARTER SCHOOL
    429 JOYCE KILMER AVE
    NEW BRUNSWICK,NJ08901     		  501(C)(3) CHILDRENS EDUCATION 3,000
    CRISIS MINISTRY
    123 EAST HANOVER STREET
    PRINCETON,NJ08608     		  501(C)(3) FOOD, SHELTER & CLOTHING FOR POOR 30,000
    HOMEFRONT
    1880 PRINCETON AVE
    LAWRENCEVILLE,NJ08648     		  501(C)(3) HOMELESS SERVICES 30,000
    MARTIN HOUSE
    794 EAST STATE STREET
    TRENTON,NJ08609     		  501(C)(3) AFTER SCHOOL PROGRAM 20,000
    MERCER ALLIANCE
    151 MERCER STREET
    TRENTON,NJ08611     		  501(C)(3) COALITION TO PREVENT HOMELESSNESS 35,000
    NAMI MERCER
    3371 BRUNSWICK PIKE SUIT
    LAWRENCEVILLE,NJ08648     		  501(C)(3) SUPPORT FAMILIES OF MENTALLY ILL 15,000
    PEI KIDS
    231 LAWRENCE ROAD
    LAWRENCEVILLE,NJ08648     		  501(C)(3) PREVENTION & EDUCATION FOR KIDS 25,000
    RESCUE MISSION OF TRENTON
    98 CARROLL STREET
    TRENTON,NJ08605     		  501(C)(3) HOMELESS SHELTER 30,000
    UIH FAMILY PARTNERS
    864 BELLEVUE AVE
    TRENTON,NJ08618     		  501(C)(3) SUMMERCAMP FOR TEENAGE MOTHERS 30,000
    Total .................................bullet 3a 4,314,083
    bApproved for future payment
    DISCOVERY PLACE KIDS
    POBOX 237
    HUNTERSVILLE,NC28070     		  501(C)(3) CAPITAL CAMPAIGN FOR EDUC MUSEUM 200,000
    ELON
    1717 SHARON ROAD WEST
    CHARLOTTE,NC28210     		  501(C)(3) CHARTER SCHOOL 150,000
    HOPE HOUSE
    15604 NORTHCROSS DRIVE
    HUNTERSVILLE,NC28078     		  501(C)(3) HOMELESS SHELTER FOR BATTERED WOMEN 25,000
    KIPP SCHOOL
    931 WILANN DRIVE
    CHARLOTTE,NC28215     		  501(C)(3) CHARTER SCHOOL 300,000
    THOMPSON CHILDRENS HOME
    6800 STPETERS LANE
    MATTHEWS,NC28105     		  501(C)(3) GROUP HOME FOR FOSTER CARE KIDS 400,000
    WISH
    500 A SPRATT STREET
    CHARLOTTE,NC28206     		  501(C)(3) PERMANENT HOUSING FOR HOMELESS 200,000
    ATLANTA TECH COLLEGE
    1560 METROPOLITAN PKWYSW
    ATLANTA,GA30310     		  501(C)(3) SCHOLARSHIPS FOR VOCATIONAL TRAINING 35,000
    CHARLOTTE SPEACH & HEARIN
    210 E WOODLAWN ROAD SUIT
    CHARLOTTE,NC28217     		  501(C)(3) HEARING AIDS FOR POOR KIDS 40,000
    COMMUNITY LINK
    600 E FIFTH STREET SUITE
    CHARLOTTE,NC28202     		  501(C)(3) ASSISTANCE FOR HOMELESS 300,000
    FREEDOM SCHOOLS
    POBOX 37363
    CHARLOTTE,NC28237     		  501(C)(3) SUMMER EDUCATION CAMPS FOR LOW INCOM 100,000
    ONE HUNDRED BLACK MEN
    931 WILANN DRIVE
    CHARLOTTE,NC28215     		  501(C)(3) TUTORING & SCHOLARSHIPS 60,000
    PAL POLICE ATHL LEAGUE
    812 OAKLAWN AVE
    CHARLOTTE,NC28206     		  501(C)(3) ATHELTIC PROGRAM FOR UNDERPRIVILEGED 60,000
    HELPING HANDS
    541 CAMBRIDGE STREET
    BOSTON,MA02134     		  501(C)(3) MONKEY HELPERS FOR DISABLED 120,000
    JUNIOR LEAGUE
    1332 MARYLAND AVE
    CHARLOTTE,NC28209     		  501(C)(3) HEALTHY NEEDS PROGRAM 25,000
    Total ..................................bullet 3b 2,015,000
    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     14 115  
    4 Dividends and interest from securities....     14 140,456  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 13  
    8Gain or (loss) from sales of assets other than inventory     26 2,931,438  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,072,022  
    13Total. Add line 12, columns (b), (d), and (e)...................
    133,072,022
    (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:
    MERANCAS FOUNDATION INC
    EIN: 56-1677733
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2009 INCOME TAX PREPARATION 1,500      

    TY 2010 CompensationExplanation
    Name:
    MERANCAS FOUNDATION INC
    EIN: 56-1677733
    Person Name Explanation
    CORNELIS A M MERMANS  
    JOHANNA J MERMANS  
    ANTHONY A MERMANS  
    JENNIFER E MERMANS  
    BRYAN K MERMANS  
    ROBIN B MERMANS  
    NICOLE A MERMANS  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    MERANCAS FOUNDATION INC
    EIN: 56-1677733
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A123 SYSTEMS INC    
    ACTELION LTD    
    ADOBE SYSTEMS INC    
    AGNICO EAGLES MINES 224,203 304,116
    AMAZON.COM 1,503,238 3,369,600
    APACHE CORP 609,908 815,056
    ARM HOLDINGS 522,781 979,716
    ASOS PLC 762,564 737,387
    AUTONOMY CORP    
    AXIS BANK LTD 459,082 740,025
    BANCO SANTANDER BRAZIL SA    
    BANK OF AMERICA CORP 579,419 483,200
    BUREAU VERITAS REGISTRE 553,481 561,591
    BYD COMPANY LTD    
    CAPSTONE TURBINE CORP 284,257 249,220
    CARMAX INC 884,957 1,324,455
    CGA MINING LTD 222,967 336,945
    CITRIX SYSTEMS INC 472,942 475,450
    CIT GROUP INC 278,785 411,419
    CITIGROUP INC    
    CLEAN HARBORS INC    
    COGNIZANT TECHNICAL SOLUTIONS 1,132,100 2,362,137
    COUNTRY STYLE COOKING 323,259 274,275
    DRAGONWAVE INC    
    EDWARDS LIFESCIENCES CORP 372,718 659,654
    F5 NETWORKS INC 588,344 786,817
    FORD MOTOR CO 564,935 1,730,545
    WTS FORD MOTOR COMPANY 282,375 460,271
    GENPACT LTD 489,591 471,580
    GOOGLE 871,886 1,064,394
    GOLDCORP INC    
    GOLDEN MINERALS COMPANY 335,220 483,804
    HASBRO INC 570,793 674,674
    HDFC BK LTD 273,712 563,996
    ICICI BANK LTD 623,357 1,163,454
    IMAX CORP    
    JOHN KEELLS 473,512 612,949
    JP MORGAN 220,604 201,578
    LIVEPERSON INC 424,907 861,263
    MARTEK BIOSCIENCES CORP 171,015 250,400
    MGM RESORTS INTERNATIONAL 176,681 204,930
    MONSANTO CO    
    NETFLIX COM INC 936,789 1,293,328
    NOBLE ENERGY INC 619,797 854,344
    NXSTAGE MEDICAL INC 611,047 699,128
    PANDORA A S DKK1 94,538 117,638
    PEABODY ENERGY CORPORATION 1,041,569 1,103,655
    PETROLEO BRASILEIRO SA    
    RESEARCH IN MOTION 25,142 602,169
    QUALCOMM INC 648,172 638,174
    SOLUTIA INC 290,892 855,114
    TENNESSEE COMMERCE BANK    
    TERADATA CORP    
    TIMMINS GOLD CORP 101,894 211,578
    TRANSATLANTIC HOLDINGS INC    
    TRANSCEND SVCS INC    
    VALIDUS HOLDING    
    VANCEINFO TECHNOLOGIES INC 714,273 736,220
    VENOCO INC 625,286 689,292
    VERA BRADLEY INC 156,929 220,902
    VISA INC    
    VISTAPRINT NV    
    W R BERKLEY CORP 26,333 26,997
    W R GRACE & CO 287,186 1,039,883
    WABASH NATIONAL CORP 282,301 366,189
    WAL-MART 773,545 774,974
    WEBMD HEALTH CORP 720,872 703,096
    WHOLE FOODS MARKET INC 688,699 886,590
    WYNN RESORTS LTD    
    ZENITH NATIONAL INSURANCE CORP    
    INSITUFORM TECHNOLOGIES INC    
    INTERNATIONAL BUSINESS MACH CORP    
    LIVEPERSON INC    
    LI NING CO LTD    
    BANCO BRADESO SA    
    ITAU UNIBANCO BANCO HOLDING    

    TY 2010 OtherExpensesSchedule
    Name:
    MERANCAS FOUNDATION INC
    EIN: 56-1677733
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADR FEES 2,254 2,254    


    TY 2010 OtherIncomeSchedule2
    Name:
    MERANCAS FOUNDATION INC
    EIN: 56-1677733
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SEC. LITIGATION SETTLEMENTS 13 13  


    TY 2010 TaxesSchedule
    Name:
    MERANCAS FOUNDATION INC
    EIN: 56-1677733
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON DIVIDENDS 5,419 5,419    
    FEDERAL INCOME TAX-2010 EST 27,528