TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
CAPTAIN W J DIMITRIJEVIC MEMORIAL 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

52-6432623

B Telephone number (see page 10 of the instructions)

(410) 626-6118

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,651,025J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	13,133		13,133
4	Dividends and interest from securities......	35,595		35,595
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		80,388
b	Gross sales price for all assets on line 6a 854,436
7	Capital gain net income (from Part IV, line 2)...			80,388
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).......		314	314
12	Total. Add lines 1 through 11........	129,430		129,430
13	Compensation of officers, directors, trustees, etc.	22,755		22,755
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		1,279			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).......		31	31
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	24,065		22,786	0	0
25	Contributions, gifts, grants paid........	36,647				36,647
26	Total expenses and disbursements. Add lines 24 and 25	60,712		22,786	0	36,647
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	68,718
b	Net investment income (if negative, enter -0-)			106,644
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	237	43	43
	2	Savings and temporary cash investments..........	10,598	31,918	31,918
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	257,156	153,562	159,531
	b	Investments—corporate stock (attach schedule)........	1,034,664	1,185,474	1,355,593
	c	Investments—corporate bonds (attach schedule)........	100,735	100,735	103,940
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	0		0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,403,390	1,471,732	1,651,025
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,403,390	1,471,732
	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)....................	1,403,390	1,471,732
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,403,390	1,471,732

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	1,403,390
2	Enter amount from Part I, line 27a......................	2	68,718
3	Other increases not included in line 2 (itemize)	3	12
4	Add lines 1, 2, and 3..........................	4	1,472,120
5	Decreases not included in line 2 (itemize)	5	388
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	1,471,732

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	50. ABB LTD SPONSORED ADR	2009-07-15	2010-03-22
b	140. ABB LTD SPONSORED ADR	2008-10-07	2010-03-22
c	160. ABB LTD SPONSORED ADR	2010-05-20	2010-12-16
d	30. AGCO CORPORATION COMMON	2010-05-20	2010-08-06
e	50. AGCO CORPORATION COMMON	2010-05-20	2010-09-23
	130. AT&T INC	2009-07-15	2010-09-23
	20. ABBOTT LABORATORIES	2004-03-17	2010-03-22
	60. AEROPOSTALE INC	2010-01-04	2010-10-07
	20. AIRGAS INC	2010-01-04	2010-03-22
	40. AMERICAN MEDICAL SYS HLDGS	2010-01-04	2010-03-22
	50. AMETEK INC COMMON	2009-07-15	2010-03-22
	80. AMGEN INCORPORATED		2010-01-04
	20. AMPHENOL CORP CL A	2009-07-15	2010-12-16
	20. ANADARKO PETE CORP.	2003-11-26	2010-01-04
	50. ANADARKO PETE CORP.	2004-02-25	2010-03-22
	70. ANADARKO PETE CORP.	2004-02-25	2010-05-20
	20. ANSYS INC COMMON	2009-07-15	2010-03-22
	20. ANSYS INC COMMON	2009-07-15	2010-04-26
	25. APACHE CORPORATION COMMON		2010-12-16
	650. APPLIED MATERIALS	2009-07-15	2010-07-20
	10. AUTOLIV INC COMMON	2010-05-20	2010-12-16
	120. AVERY DENNISON CORP. COMMON	2007-11-28	2010-08-06
	30. AVERY DENNISON CORP. COMMON	2007-11-28	2010-08-06
	30. AVERY DENNISON CORP. COMMON	2010-07-20	2010-11-04
	150. AVERY DENNISON CORP. COMMON	2007-11-28	2010-11-04
	40. BOK FINANCIAL CORP COMMON		2010-09-23
	50. BP AMOCO PLC ADS L C	2003-04-04	2010-05-20
	290. BANK OF AMER CORP COMMON		2010-12-16
	150. BARRICK GOLD CORP. EFF. 1-18-95	2010-02-18	2010-07-20
	70. BAXTER INTERNATIONAL INCORPORATED	2009-07-15	2010-09-28
	20. BAXTER INTERNATIONAL INCORPORATED	2010-05-20	2010-12-16
	140. BAXTER INTERNATIONAL INCORPORATED		2010-12-16
	40. BAYER A G SPONSORED ADR	2009-07-15	2010-08-06
	60. BECKMAN COULTER INC.		2010-08-17
	100. BERKSHIRE HATHAWAY INC DEL CL B COMMON	2008-02-04	2010-02-18
	50. BERKSHIRE HATHAWAY INC DEL CL B COMMON	2008-02-04	2010-03-22
	35. BERKSHIRE HATHAWAY INC DEL CL B COMMON	2009-07-15	2010-09-28
	20. BHP BILLITON LIMITED	2009-07-15	2010-07-20
	30. BRIGGS & STRATTON CORP COMMON	2009-10-21	2010-03-22
	100. BRIGGS & STRATTON CORP COMMON		2010-04-26
	10. BRITISH AMERICAN TOB COMMON	2009-07-15	2010-02-18
	70. BROADRIDGE FINANCIAL SOLUTIONS LLC COMMO	2009-07-15	2010-04-26
	2. CME GROUP INC COMMON	2010-05-24	2010-09-23
	80. CVS CORP COMMON	2003-04-04	2010-01-04
	290. CAMPBELL SOUP COMPANY		2010-05-20
	30. CHEVRON TEXACO CORP COMMON	2005-04-20	2010-03-22
	30. CHEVRON TEXACO CORP COMMON	2005-04-20	2010-09-28
	60. CHINA MOBILE HONG KONG LTD	2009-07-15	2010-01-04
	50. CHINA UNICOM - AR	2010-01-04	2010-12-16
	80. CISCO SYSTEMS	2005-11-18	2010-03-22
	20. CISCO SYSTEMS	2005-11-18	2010-12-16
	40. COCA COLA COMPANY	2010-05-28	2010-12-16
	260. COMCAST CORP NEW CL A	2007-11-28	2010-07-20
	50. COMCAST CORP NEW CL A	2007-11-28	2010-12-16
	60. COMTECH TELECOMMUNICATIONS CORP COMMON	2009-07-15	2010-02-18
	70. CONOCOPHILLIPS COM	2009-07-15	2010-09-23
	90. CONOCOPHILLIPS COM	2004-03-17	2010-12-16
	310. CORNING INCORPORATED	2009-07-15	2010-01-04
	30. CROWN HOLDINGS INC COMMON	2009-10-21	2010-03-22
	30. CROWN HOLDINGS INC COMMON	2009-10-21	2010-09-23
	190. DISNEY WALT COMPANY	2004-08-19	2010-01-04
	10. DISCOVER FINL SVCS	2010-04-26	2010-12-16
	80. DISCOVERY COMMUNICATIONS A COMMON	2009-07-15	2010-04-26
	20. DOLBY LABORATORIES INC CL A COMMON	2009-07-15	2010-03-22
	20. DREAMWORKS ANIMATION SKG INC COMMON	2009-07-15	2010-01-04
	40. DREAMWORKS ANIMATION SKG INC COMMON	2009-07-15	2010-02-18
	210. DU PONT E I DE NEMOURS & COMPANY		2010-02-18
	40. DU PONT E I DE NEMOURS & COMPANY	2004-08-19	2010-03-22
	40. E ON AG SPONSORED ADR	2009-07-15	2010-07-20
	30. E ON AG SPONSORED ADR	2009-07-15	2010-12-16
	40. EXCO RESOURCES INC COMMON	2009-10-21	2010-02-18
	280. EBAY INC	2010-01-04	2010-04-26
	180. EDISON INTERNATIONAL	2009-07-15	2010-02-18
	30. EDISON INTERNATIONAL	2009-07-15	2010-04-26
	50. EMERSON ELECTRIC COMPANY	2009-07-15	2010-01-04
	170. EMERSON ELECTRIC COMPANY	2009-07-15	2010-02-18
	20. EMERSON ELECTRIC COMPANY	2009-07-15	2010-03-22
	90. EXELON CORPORATEION	2009-07-15	2010-02-18
	70. EXXON MOBIL CORPORATION		2010-05-24
	30. FEI COMPANY COMMON	2010-02-18	2010-04-26
	100. FEI COMPANY COMMON		2010-12-16
	40. FLIR SYSTEMS INC COMMON	2009-08-25	2010-04-26
	10. FMC TECHNOLOGIES INC	2010-08-17	2010-12-16
	20. FTI CONSULTING INC	2009-10-21	2010-04-26
	1353.924 FEDERATED INTERMEDIATE FUND 303	2009-03-24	2010-05-20
	60. FIFTH THIRD BANCORP	2010-05-24	2010-07-20
	90. FIRST HORIZON NATIONAL CORP COMMON	2010-01-04	2010-02-18
	60. FISERV	2009-07-15	2010-12-16
	60. FLOWERS FOOD INC WI	2009-07-15	2010-02-18
	60. FLOWERS FOOD INC WI	2009-07-15	2010-12-16
	30. FOSSIL INC COM	2010-02-18	2010-03-22
	30. FOSSIL INC COM	2010-02-18	2010-04-26
	80. GENERAL ELECTRIC COMPANY	2003-11-26	2010-01-04
	190. GENERAL ELECTRIC COMPANY		2010-12-16
	40. GENUINE PARTS COMPANY	2009-10-01	2010-03-22
	150. GENUINE PARTS COMPANY		2010-04-26
	2. GOOGLE INC CL A	2008-11-24	2010-03-22
	40. GRUPO TELEVISA SA DE CV SPONSORED ADR REPSTG ORD PARTN CTF (FREE O	2009-11-18	2010-03-22
	20. HANOVER INSURANCE GROUP INC COMMON	2009-07-15	2010-01-04
	30. HANOVER INSURANCE GROUP INC COMMON	2009-07-15	2010-03-22
	110. HEARTLAND EXPRESS	2010-07-20	2010-09-23
	70. HEWITT ASSOCIATES INC CL A COMMON		2010-07-20
	70. HEWLETT PACKARD COMPANY	2009-06-11	2010-01-04
	60. HEWLETT PACKARD COMPANY		2010-03-22
	30. IDEXX LABORATORIES INC COMMON	2009-07-15	2010-04-26
	20. IDEXX LABORATORIES INC COMMON	2009-07-15	2010-05-20
	20. IHS INC COMMON	2009-07-15	2010-08-06
	250. INTEL CORPORATION		2010-01-13
	50. INTEL CORPORATION	2004-08-19	2010-12-16
	10. INTERCONTINENTALEXCHANGE INC COMMON	2009-11-18	2010-12-16
	25. INTERNATIONAL BUSINESS MACHINES CORP	2004-08-19	2010-08-06
	5. INTERNATIONAL BUSINESS MACHINES CORP	2010-07-20	2010-12-16
	70. INTERVAL LEISURE GROUP COMMON	2009-07-15	2010-04-26
	250. ISHARES SILVER TRUST	2009-08-25	2010-01-13
	170. ISHARES SILVER TRUST	2009-08-25	2010-02-18
	390. ISHARES SILVER TRUST	2009-08-25	2010-03-22
	30. JOHNSON & JOHNSON	2006-03-06	2010-03-22
	70. KRAFT FOODS INC-A COMMON	2007-08-06	2010-01-04
	80. KRAFT FOODS INC-A COMMON	2007-08-06	2010-05-24
	560. KROGER COMPANY COMMON	2010-01-13	2010-09-23
	10. LABORATORY CORP OF AMERICAN HOLDINGS	2009-07-15	2010-01-04
	250.161 LAZARD EMERGING MKTS PORTFOLIO INST CLAS	2009-07-15	2010-09-23
	110. LEUCADIA NATIONAL CORP COMMON		2010-08-17
	40. LEUCADIA NATIONAL CORP COMMON	2010-05-20	2010-09-23
	50. LIBERTY MEDIA INTERACTIVE A COMMON	2010-03-22	2010-05-20
	70. LIBERTY MEDIA INTERACTIVE A COMMON	2010-03-22	2010-07-20
	50. LIBERTY MEDIA INTERACTIVE A COMMON	2010-04-26	2010-08-06
	50. LINCARE HOLDINGS INC COMMON	2010-07-20	2010-09-23
	70. LIVE NATION COMMON	2010-03-22	2010-05-24
	50. LIVE NATION COMMON	2010-04-26	2010-06-22
	15. LORILLARD INC COMMON	2009-11-18	2010-02-18
	60. LOWES COMPANIES INCORPORATED	2010-02-18	2010-03-22
	240. LOWES COMPANIES INCORPORATED	2010-02-18	2010-04-26
	20. MSCI INC A COMMON	2009-07-15	2010-01-04
	30. MSCI INC A COMMON	2009-07-15	2010-03-22
	30. MCKESSON HBOC INC	2009-07-15	2010-01-04
	20. MCKESSON HBOC INC	2009-07-15	2010-03-22
	50. MEDTRONIC INC	2006-03-06	2010-04-26
	140. MERCK & CO INC	2009-07-15	2010-03-22
	60. MERIDIAN BIOSCIENCE INC	2009-07-15	2010-04-26
	210. MICROSOFT CORPORATION	2004-03-17	2010-01-04
	30. MITSUBISHI CORPORATION	2010-02-18	2010-12-16
	230. MITSUBISHI UJF FINANCIAL GROUP INC	2009-07-15	2010-01-04
	40. MONOTYPE IMAGING HOLDINGS INC COMMON	2009-07-15	2010-12-16
	10. MONSANTO CO COMMON	2010-05-24	2010-05-28
	110. MONSANTO CO COMMON	2008-10-07	2010-05-28
	100. NTT DOCOMO INC - SPON ADR	2009-07-15	2010-12-16
	60. NYSE EURONEXT COMMON	2010-02-18	2010-03-22
	30. NYSE EURONEXT COMMON	2010-02-18	2010-05-24
	50. NALCO HOLDING CO COMMON	2009-11-18	2010-05-20
	50. NASDAQ OMX GROUP COMMON	2009-10-21	2010-02-18
	60. NASDAQ OMX GROUP COMMON	2010-05-20	2010-07-20
	20. NESTLE SA ADR	2009-07-15	2010-01-04
	20. NESTLE SA ADR	2009-07-15	2010-08-06
	80. NEUTRAL TANDEM INC COMMON	2009-08-25	2010-02-18
	50. NINTENDO LTD	2009-07-15	2010-01-04
	70. NOKIA CORP	2010-02-18	2010-03-22
	310. NOKIA CORP	2010-02-18	2010-05-20
	80. NOKIA CORP	2010-02-18	2010-07-20
	10. NORTHERN TRUST GROUP	2010-01-04	2010-03-22
	50. NORTHERN TRUST GROUP	2010-02-18	2010-12-16
	15. NOVO-NORDISK A S ADR	2009-07-15	2010-12-16
	140. NUCOR CORPORATION		2010-05-24
	30. OCEANEERING INTERNATIONAL INC		2010-07-20
	150. ORACLE SYSTEM CORPORATION	2004-03-24	2010-01-13
	160. ORACLE SYSTEM CORPORATION	2004-03-24	2010-09-23
	60. ORACLE SYSTEM CORPORATION	2004-03-24	2010-10-28
	50. O'REILLY AUTOMOTIVE	2010-03-22	2010-04-26
	30. OWENS ILLINOIS INC COM NEW	2010-05-24	2010-12-16
	629.496 PIMCO LOW DURATION INSTITUTIONAL	2009-10-21	2010-02-18
	2515.695 PIMCO LOW DURATION INSTITUTIONAL	2007-01-17	2010-07-20
	3812.661 PIMCO LOW DURATION INSTITUTIONAL	2007-01-17	2010-12-16
	894.434 PIMCO TOTAL RETURN FUND 35	2009-08-25	2010-07-20
	70. PALL CORPORATION COMMON	2008-11-24	2010-09-28
	235. PALL CORPORATION COMMON	2008-11-24	2010-12-16
	60. PENSKE AUTOMOTIVE GROUP, INC COMMON	2010-01-04	2010-03-22
	30. PEPSICO INCORPORATED	2003-04-04	2010-04-26
	40. PETROHAWK ENERGY CORP	2010-04-26	2010-08-06
	170. PFIZER INCORPORATED	2010-02-18	2010-07-20
	130. PFIZER INCORPORATED		2010-12-16
	150. PHASE FORWARD INC COMMON		2010-03-22
	40. PROCTOR AND GAMBLE COMPANY	2007-05-09	2010-01-04
	70. PROCTOR AND GAMBLE COMPANY	2007-05-09	2010-02-18
	70. QUALCOMM INC COMMON	2007-08-06	2010-08-06
	40. QUALCOMM INC COMMON	2010-04-26	2010-09-28
	50. QUALCOMM INC COMMON	2007-08-06	2010-09-28
	40. QUEST SOFTWARE INC	2010-04-26	2010-09-23
	40. QUEST SOFTWARE INC	2010-04-26	2010-12-16
	10. REINSURANCE GROUP OF AMERICA COMMON	2009-07-15	2010-04-26
	40. REINSURANCE GROUP OF AMERICA COMMON	2009-07-15	2010-07-20
	90. ROCHESTER MEDICAL CORP COMMON	2009-07-15	2010-03-22
	30. ROCK-TENN COMPANY "A"	2009-08-25	2010-04-26
	40. ROCK-TENN COMPANY "A"	2010-02-18	2010-05-20
	20. ROVI CORPORATION COMMON	2009-10-21	2010-08-06
	40. ROVI CORPORATION COMMON	2009-10-21	2010-09-23
	101.334 T ROWE PRICE EMERGING MARKETS STOCK FUND	2008-03-26	2010-09-23
	483.314 T ROWE PRICE EMERGING MARKETS STOCK FUND		2010-12-16
	50. ROYAL BK CDA MONTREAL QUE COM	2009-07-15	2010-12-16
	50. RUDDICK CORPORATION	2009-07-15	2010-02-18
	50. SEI INVESTMENTS CO	2009-11-18	2010-03-22
	50. SLM CORPORATION COMMON	2010-04-26	2010-12-16
	10. SPDR GOLD TRUST	2009-07-15	2010-03-22
	55. SPDR GOLD TRUST		2010-10-07
	50. SCOTTS CO CL A	2010-04-26	2010-05-24
	10. SIEMENS AG SPONSORED ADR	2009-07-15	2010-07-20
	20. SIGMA ALDRICH CORPORATION	2010-02-18	2010-04-26
	40. SIGMA ALDRICH CORPORATION		2010-12-16
	30. SILGAN HOLDINGS INC.	2009-07-15	2010-01-04
	150. SILVER WHEATON CORP		2010-07-20
	30. SNAP ON INC FKA SNAP ON TOOLS	2009-11-24	2010-01-04
	30. SOLERA HOLDINGS INC COMMON	2009-08-25	2010-08-06
	170. SOLUTIA INC COMMON		2010-04-26
	50. SOLUTIA INC COMMON	2010-07-20	2010-12-16
	150. STAPLES INC COMMON	2009-07-15	2010-01-04
	220. STAPLES INC COMMON	2009-07-15	2010-02-18
	60. STATE STR CORP	2009-11-24	2010-12-16
	50. STEEL DYNAMICS INC COMMON	2009-11-18	2010-02-18
	50. STEEL DYNAMICS INC COMMON	2009-11-18	2010-04-26
	20. STERICYCLE INC	2009-07-15	2010-01-04
	10. STERICYCLE INC	2009-10-21	2010-07-20
	10. STERICYCLE INC	2009-07-15	2010-07-20
	40. SUNCOR ENERGY, INC	2010-04-26	2010-09-23
	200. SUNCOR ENERGY, INC	2009-07-15	2010-09-23
	20. SYBASE INC COMMON	2010-01-04	2010-02-18
	60. SYNOPSYS INC.	2009-07-15	2010-07-20
	20. SYNGENTA AG	2009-07-15	2010-12-16
	110. SYSCO CORPORATION	2004-09-27	2010-01-04
	70. SYSCO CORPORATION	2006-02-17	2010-02-18
	230. SYSCO CORPORATION	2006-02-17	2010-03-22
	20. TECHNE CORP	2009-07-15	2010-04-26
	40. TELEFONICA S A	2009-07-15	2010-05-20
	100. TESCO PLC SPONS ADR	2009-07-15	2010-04-26
	90. TEVA PHARMACEUTICAL INDS LTD ADR		2010-09-23
	10. TEVA PHARMACEUTICAL INDS LTD ADR	2010-01-04	2010-12-16
	30. THOR INDS INC COMMON	2010-03-22	2010-06-22
	10. TORONTO DOMINION BANK ONT COMMON NEW	2009-07-15	2010-04-26
	40. FINA S A SPONSORED	2009-07-15	2010-05-20
	20. TOYOTA MOTOR CORP ADR 2		2010-02-18
	50. THE TRAVELERS COMPANIES INC.	2009-07-15	2010-09-23
	90. US BANCORP	2009-07-15	2010-01-04
	90. US BANCORP	2009-07-15	2010-01-13
	230. US BANCORP	2009-07-15	2010-02-18
	100000. US TREASURY NOTE 5.750% DUE 08/15/2010	2006-08-24	2010-08-15
	10. V F CORP COMMON	2010-01-04	2010-03-22
	60. VALSPAR CORP COMMON	2009-07-15	2010-02-18
	70. VESTAS WIND SYSTEMS A/S ADR	2009-07-15	2010-04-26
	250. VODAFONE GROUP PLC NEW SP ADR	2009-07-15	2010-08-06
	120. VODAFONE GROUP PLC NEW SP ADR	2009-07-15	2010-09-23
	40. VODAFONE GROUP PLC NEW SP ADR	2010-07-20	2010-10-28
	250. VODAFONE GROUP PLC NEW SP ADR	2009-07-15	2010-10-28
	30. WABCO HOLDINGS INC COMMON	2010-05-20	2010-08-06
	30. WABCO HOLDINGS INC COMMON	2010-05-20	2010-09-23
	30. WABTEC CORP COMMON	2010-02-18	2010-05-20
	90. WELLPOINT INC	2004-08-19	2010-04-26
	60. WELLPOINT INC		2010-05-24
	20. WELLPOINT INC	2008-03-18	2010-07-20
	20. WELLS FARGO & CO NEW	2007-05-09	2010-04-26
	30. WELLS FARGO & CO NEW	2007-05-09	2010-12-16
	40. WESTERN UNION COMPANY COMMON	2009-10-21	2010-03-22
	5. WESTPAC BANKING LTD COM	2009-07-15	2010-03-22
	10. WESTPAC BANKING LTD COM	2009-07-15	2010-04-26
	10. WHITING PETROLEUM CORP COMMON	2009-09-01	2010-12-16
	20. WOLVERINE WORLD WIDE INC COMMON	2009-09-01	2010-12-16
	50. ZENITH NATIONAL INSURANCE CORP COMMON	2009-07-15	2010-03-22
	20. ALLIED WORLD ASSURANCE HOLDINGS LTD	2010-02-18	2010-08-06
	20. ARCH CAPITAL GROUP LTD	2009-08-25	2010-01-04
	10. ENSTAR GROUP LTD	2009-07-15	2010-12-16
	120. INVESCO LTD	2010-02-18	2010-04-26
	30. LAZARD LTD	2010-02-18	2010-05-20
	20. LAZARD LTD	2009-08-25	2010-06-22
	60. MARVELL TECHNOLOGY GROUP LTDORD	2009-10-21	2010-02-18
	50. WEATHERFORD INTL LTD	2010-01-04	2010-02-18
	730. WEATHERFORD INTL LTD		2010-08-06
	60. FOSTER WHEELER AG	2009-11-24	2010-02-18
	20. NOBLE CORPORATION	2009-11-24	2010-02-18
	115. TRANSOCEAN LTD	2009-07-15	2010-05-20

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,064	810	254
b	2,981	2,191	790
c	3,448	2,618	830
d	1,089	863	226
e	1,990	1,439	551
	3,713	3,097	616
	1,081	774	307
	1,416	1,376	40
	1,283	968	315
	758	792	-34
	1,998	1,739	259
	4,609	4,325	284
	1,061	675	386
	1,293	452	841
	3,491	1,251	2,240
	3,864	1,751	2,113
	898	611	287
	910	611	299
	2,917	2,365	552
	7,858	7,911	-53
	799	448	351
	4,235	6,174	-1,939
	1,059	1,544	-485
	1,129	1,013	116
	5,646	8,203	-2,557
	1,730	2,019	-289
	2,271	1,959	312
	3,609	4,022	-413
	6,242	5,864	378
	3,361	3,718	-357
	1,039	837	202
	7,270	6,930	340
	2,589	2,099	490
	2,773	3,336	-563
	7,608	9,148	-1,540
	4,096	4,574	-478
	2,896	2,040	856
	1,367	1,118	249
	590	693	-103
	2,366	2,114	252
	678	573	105
	1,623	1,125	498
	526	650	-124
	2,637	967	1,670
	10,128	9,112	1,016
	2,237	1,585	652
	2,421	1,585	836
	2,824	2,909	-85
	726	666	60
	2,099	1,365	734
	394	341	53
	2,605	2,073	532
	4,854	5,192	-338
	1,082	999	83
	1,869	1,952	-83
	3,900	2,905	995
	5,904	3,163	2,741
	6,058	4,956	1,102
	820	809	11
	849	809	40
	6,084	4,194	1,890
	184	161	23
	2,986	1,907	1,079
	1,160	759	401
	801	555	246
	1,624	1,111	513
	7,020	8,715	-1,695
	1,488	1,648	-160
	1,124	1,372	-248
	889	1,029	-140
	814	801	13
	6,829	6,697	132
	6,043	5,603	440
	1,031	934	97
	2,164	1,631	533
	8,112	5,545	2,567
	973	652	321
	3,974	4,586	-612
	4,238	4,934	-696
	686	632	54
	2,557	1,974	583
	1,253	928	325
	885	643	242
	831	855	-24
	13,512	11,833	1,679
	690	770	-80
	1,165	1,210	-45
	3,624	2,822	802
	1,550	1,347	203
	1,600	1,347	253
	1,162	1,097	65
	1,286	1,097	189
	1,237	2,300	-1,063
	3,361	6,040	-2,679
	1,721	1,488	233
	6,501	5,650	851
	1,121	516	605
	828	842	-14
	891	761	130
	1,292	1,142	150
	1,577	1,686	-109
	3,269	2,675	594
	3,667	2,635	1,032
	3,155	2,277	878
	1,998	1,343	655
	1,238	895	343
	1,266	949	317
	5,210	5,958	-748
	1,063	1,104	-41
	1,171	1,090	81
	3,220	2,118	1,102
	722	624	98
	1,044	769	275
	4,550	3,537	1,013
	2,669	2,405	264
	6,384	5,518	866
	1,961	1,742	219
	1,915	2,234	-319
	2,323	2,553	-230
	12,230	11,529	701
	763	671	92
	5,073	3,657	1,416
	2,313	2,854	-541
	922	856	66
	613	738	-125
	776	1,033	-257
	565	945	-380
	1,217	1,254	-37
	852	946	-94
	540	826	-286
	1,136	1,187	-51
	1,490	1,379	111
	6,780	5,515	1,265
	638	526	112
	1,060	789	271
	1,902	1,318	584
	1,304	879	425
	2,208	2,668	-460
	5,433	3,850	1,583
	1,164	1,360	-196
	6,500	5,332	1,168
	1,579	1,493	86
	1,132	1,346	-214
	441	281	160
	505	545	-40
	5,554	8,647	-3,093
	1,674	1,472	202
	1,742	1,519	223
	845	759	86
	1,100	1,223	-123
	922	1,026	-104
	1,059	1,109	-50
	991	789	202
	974	789	185
	1,266	2,091	-825
	1,541	1,743	-202
	1,052	939	113
	3,075	4,160	-1,085
	709	1,074	-365
	557	524	33
	2,725	2,610	115
	1,627	821	806
	5,983	6,074	-91
	1,412	1,703	-291
	3,720	1,731	1,989
	4,376	1,846	2,530
	1,721	692	1,029
	2,320	2,121	199
	907	895	12
	6,534	6,459	75
	26,440	24,855	1,585
	39,232	37,669	1,563
	10,125	9,606	519
	2,904	1,733	1,171
	11,743	5,816	5,927
	937	921	16
	1,945	1,160	785
	685	931	-246
	2,458	2,999	-541
	2,228	2,263	-35
	1,984	1,975	9
	2,443	2,484	-41
	4,372	4,347	25
	2,675	2,850	-175
	1,758	1,541	217
	2,198	2,036	162
	953	737	216
	1,104	737	367
	560	346	214
	1,817	1,384	433
	1,114	1,135	-21
	1,548	1,504	44
	1,967	1,634	333
	879	573	306
	1,909	1,147	762
	3,313	3,818	-505
	16,616	13,072	3,544
	2,572	2,166	406
	1,420	1,156	264
	1,048	897	151
	602	661	-59
	1,072	924	148
	7,150	5,086	2,064
	2,283	2,470	-187
	938	711	227
	1,182	971	211
	2,678	2,054	624
	1,698	1,497	201
	2,718	2,730	-12
	1,283	1,107	176
	1,169	790	379
	3,014	2,079	935
	1,156	660	496
	3,669	2,998	671
	5,471	4,398	1,073
	2,738	2,478	260
	820	827	-7
	841	827	14
	1,102	1,009	93
	647	533	114
	647	504	143
	1,255	1,390	-135
	6,276	5,824	452
	866	888	-22
	1,264	1,162	102
	1,145	936	209
	3,089	3,308	-219
	1,984	2,119	-135
	6,631	6,961	-330
	1,312	1,216	96
	2,292	2,732	-440
	2,097	1,793	304
	4,914	5,267	-353
	523	578	-55
	743	953	-210
	768	539	229
	1,864	2,138	-274
	1,474	1,662	-188
	2,632	2,015	617
	2,052	1,613	439
	2,217	1,613	604
	5,458	4,122	1,336
	100,000	103,594	-3,594
	804	733	71
	1,646	1,404	242
	1,512	1,699	-187
	6,125	4,755	1,370
	3,061	2,282	779
	1,088	878	210
	6,802	4,755	2,047
	1,157	876	281
	1,209	876	333
	1,299	1,165	134
	5,237	3,665	1,572
	3,085	2,507	578
	1,041	941	100
	667	723	-56
	896	1,084	-188
	676	783	-107
	620	409	211
	1,283	818	465
	1,131	497	634
	640	499	141
	1,912	1,064	848
	997	920	77
	1,440	1,279	161
	866	585	281
	2,650	2,316	334
	981	1,076	-95
	615	743	-128
	1,184	912	272
	783	947	-164
	11,916	10,454	1,462
	1,656	1,889	-233
	845	830	15
	6,919	8,249	-1,330

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			254
b			790
c			830
d			226
e			551
			616
			307
			40
			315
			-34
			259
			284
			386
			841
			2,240
			2,113
			287
			299
			552
			-53
			351
			-1,939
			-485
			116
			-2,557
			-289
			312
			-413
			378
			-357
			202
			340
			490
			-563
			-1,540
			-478
			856
			249
			-103
			252
			105
			498
			-124
			1,670
			1,016
			652
			836
			-85
			60
			734
			53
			532
			-338
			83
			-83
			995
			2,741
			1,102
			11
			40
			1,890
			23
			1,079
			401
			246
			513
			-1,695
			-160
			-248
			-140
			13
			132
			440
			97
			533
			2,567
			321
			-612
			-696
			54
			583
			325
			242
			-24
			1,679
			-80
			-45
			802
			203
			253
			65
			189
			-1,063
			-2,679
			233
			851
			605
			-14
			130
			150
			-109
			594
			1,032
			878
			655
			343
			317
			-748
			-41
			81
			1,102
			98
			275
			1,013
			264
			866
			219
			-319
			-230
			701
			92
			1,416
			-541
			66
			-125
			-257
			-380
			-37
			-94
			-286
			-51
			111
			1,265
			112
			271
			584
			425
			-460
			1,583
			-196
			1,168
			86
			-214
			160
			-40
			-3,093
			202
			223
			86
			-123
			-104
			-50
			202
			185
			-825
			-202
			113
			-1,085
			-365
			33
			115
			806
			-91
			-291
			1,989
			2,530
			1,029
			199
			12
			75
			1,585
			1,563
			519
			1,171
			5,927
			16
			785
			-246
			-541
			-35
			9
			-41
			25
			-175
			217
			162
			216
			367
			214
			433
			-21
			44
			333
			306
			762
			-505
			3,544
			406
			264
			151
			-59
			148
			2,064
			-187
			227
			211
			624
			201
			-12
			176
			379
			935
			496
			671
			1,073
			260
			-7
			14
			93
			114
			143
			-135
			452
			-22
			102
			209
			-219
			-135
			-330
			96
			-440
			304
			-353
			-55
			-210
			229
			-274
			-188
			617
			439
			604
			1,336
			-3,594
			71
			242
			-187
			1,370
			779
			210
			2,047
			281
			333
			134
			1,572
			578
			100
			-56
			-188
			-107
			211
			465
			634
			141
			848
			77
			161
			281
			334
			-95
			-128
			272
			-164
			1,462
			-233
			15
			-1,330

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	80,388
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 . . . . . . . . . . . . .		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? Yes No

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	66,142	1,383,587	0.047805
2008	57,286	1,426,820	0.040149
2007	38,609	1,722,055	0.02242
2006
2005

2	Total of line 1, column (d) ......................	2	0.110374
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	0.027594
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	1,537,002
5	Multiply line 4 by line 3.......................	5	42,411
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,066
7	Add lines 5 and 6.........................	7	43,477
8	Enter qualifying distributions from Part XII, line 4..............	8	36,647
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,133
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	2,133
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,133
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	544
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	544
8	Enter any penalty for underpayment of estimated tax. Check hereif 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.......		9	1,589
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING & TRUST COMPANY Telephone no. bullet

(410) 626-6118

Located at bullet

23 WEST STREETANNAPOLISMD ZIP+4 bullet

214012420

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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 & TRUST COMPANY	TRUSTEE 1	22,755
23 WEST STREET ANNAPOLIS,MD214012420	TRUSTEE 1	22,755

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...................				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............. 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)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,560,408

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

1,560,408

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

1,560,408

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

23,406

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,537,002

Minimum investment return. Enter 5% of line 5...................

76,850

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

76,850

Tax on investment income for 2010 from Part VI, line 5......

2,133

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,133

Distributable amount before adjustments. Subtract line 2c from line 1............

74,717

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

74,717

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

74,717

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

36,647

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

36,647

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

36,647

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)

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					74,717
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				62,586
b Total for prior years:2008, 20, 20			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	0
b From 2006.......	0
c From 2007.......	0
d From 2008.......	0
e From 2009.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2010 from Part
XII, line 4: $ 36,647
a Applied to 2009, but not more than line 2a				36,647
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.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2010.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				25,939
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					74,717
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........		0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2006....	0
b Excess from 2007....	0
c Excess from 2008....	0
d Excess from 2009....	0
e Excess from 2010....	0

Form 990-PF (2010)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2010)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNITED STATES NAVAL ACADEMY ATTN MRS MONA QUINN COMPTROLLER DEPT-181 WAINWRIGHT ANNAPOLIS,MD214025008	NONE	EXEMPT	SCHOLARSHIPS	36,647
Total ................................. 3a				36,647

bApproved for future payment

Total .................................. 3b

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
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	13,133
4 Dividends and interest from securities....			14	35,595
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	80,388
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFID TAX REFUND			01	174
bLITIGATION SETTLE			01	140
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				129,430

13Total. Add line 12, columns (b), (d), and (e)...................

13129,430

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

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