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
CREEL-HARISON FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1467   Room/suite
City or town, state, and ZIP code
AUGUSTA, GA309031467
A Employer identification number

22-3875267
B Telephone number (see page 10 of the instructions)

(706) 724-3550
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$15,524,408J 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) 2,478
2 Check bullet
3 Interest on savings and temporary cash investments 124,231 124,231 124,231
4 Dividends and interest from securities...... 205,679 205,679 205,679
5a Gross rents.............. 189,583 189,583 189,583
b Net rental income or (loss) 147,383
6a Net gain or (loss) from sale of assets not on line 10 -27,346
b Gross sales price for all assets on line 6a 2,125,317
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 494,625 519,493 519,493
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 82,502 16,500 0 66,002
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,058 1,812 0 7,246
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,000 800 0 3,200
c Other professional fees (attach schedule).... Click to see attachment 77,739 77,739 0 0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,579 1,316 0 5,263
19 Depreciation (attach schedule) and depletion... Click to see attachment 42,422 42,422 0
20 Occupancy.............. 10,330 2,066 0 8,264
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,021 2,064 0 7,957
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 242,651 144,719 0 97,932
25 Contributions, gifts, grants paid........ 678,684 678,684
26 Total expenses and disbursements. Add lines 24 and 25 921,335 144,719 0 776,616
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -426,710
b Net investment income (if negative, enter -0-) 374,774
c Adjusted net income (if negative, enter -0-)... 519,493
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............... 75,023 148,407 148,407
2 Savings and temporary cash investments.......... 1,176,092 1,887,579 1,887,579
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........... 7,454 4,126 4,126
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,775,466 Click to see attachment4,576,010 10,344,008
c Investments—corporate bonds (attach schedule)........ 2,351,141 Click to see attachment2,390,402 2,372,317
11 Investments—land, buildings, and equipment: basis bullet1,322,316
Less: accumulated depreciation (attach schedule) bullet803,054 561,462 Click to see attachment519,262 519,484
12 Investments—mortgage loans.............. 21,359 18,262 19,676
13 Investments—other (attach schedule)........... 90,755 Click to see attachment90,755 190,610
14 Land, buildings, and equipment: basis bullet83,913
Less: accumulated depreciation (attach schedule) bullet83,580 555 333 333
15 Other assets (describe bullet) Click to see attachment40,407 Click to see attachment37,868 Click to see attachment37,868
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,099,714 9,673,004 15,524,408
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment840 Click to see attachment840
23 Total liabilities (add lines 17 through 22).......... 840 840
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......... 15,043,285 15,043,285
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -4,944,411 -5,371,121
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,098,874 9,672,164
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,099,714 9,673,004
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 10,098,874
2 Enter amount from Part I, line 27a...................... 2 -426,710
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,672,164
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 9,672,164
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 AMGEN INCORPORATED P 2004-03-29 2010-12-01
b B J SERVICES CO P 2001-07-31 2010-04-30
c BAKER HUGHES INC P 2001-07-31 2010-04-30
d BANK OF AMERICA CORP P 2000-03-14 2010-12-01
e CISCO SYSTEM INC P 2007-11-09 2010-12-01
CORNING INC. P 2007-12-24 2010-12-01
EXXON MOBIL CORP. P 1986-08-30 2010-10-05
GENERAL ELECTRIC COMPANY P 2000-03-14 2010-12-01
GENL ELEC CAP P 2006-04-07 2010-01-19
MEDTRONIC INC P 2000-03-14 2010-12-01
MERRILL LYNCH P 2005-02-02 2010-02-08
MORGAN STAN DW P 2007-05-02 2010-06-15
WAL-MART STORES P 2005-09-28 2010-08-15
WELLS FARGO CO P 2004-11-29 2010-01-15
(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 165,358   213,302 -47,944
b 8,737     8,737
c 17   11 6
d 62,927   217,857 -154,930
e 135,307   204,750 -69,443
81,215   103,891 -22,676
626,285   109,844 516,441
105,422   258,000 -152,578
150,000   160,007 -10,007
140,049   222,435 -82,386
150,000   149,573 427
150,000   162,248 -12,248
200,000   200,938 -938
150,000   149,807 193
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       -47,944
b       8,737
c       6
d       -154,930
e       -69,443
      -22,676
      516,441
      -152,578
      -10,007
      -82,386
      427
      -12,248
      -938
      193
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 -27,346
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 0
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 860,480 15,577,585 0.055238
2008 997,556 17,565,864 0.056789
2007 864,538 18,989,381 0.045527
2006 823,859 17,427,140 0.047274
2005 793,472 16,612,851 0.047763
2 Total of line 1, column (d) ...................... 2 0.252591
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 0.050518
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 15,754,463
5 Multiply line 4 by line 3....................... 5 795,884
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,748
7 Add lines 5 and 6......................... 7 799,632
8 Enter qualifying distributions from Part XII, line 4.............. 8 776,616
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 7,495
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 7,495
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 7,495
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4,126
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 4,126
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,369
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletGA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletROBBIE T WHITE Telephone no.bullet (706) 724-3550
    Located atbullet801 BROAD STREET SUITE 508AUGUSTAGA ZIP+4bullet30903
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ROBBIE T WHITE DIRECTOR
    20.00     		42,500 9,058 0
    1032 THORNWOOD DRIVE
    NORTH AUGUSTA,SC29860
    W A COPENHAVER TRUSTEE
    2.00     		10,000 0 0
    1121 ARBOR ROAD
    WINSTON SALEM,NC27104
    PHIL S HARISON JR TRUSTEE
    2.00     		10,000 0 0
    3209 MONTPELIER DRIVE
    AUGUSTA,GA30909
    ELEANOR H TAYLOR TRUSTEE
    2.00     		10,000 0 0
    2904 LOMBARDY COURT
    AUGUSTA,GA30909
    JULIE M HARISON TRUSTEE
    2.00     		10,000 0 0
    3209 MONTPELIER DRIVE
    AUGUSTA,GA30909
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,451,593
    b
    Average of monthly cash balances.......................
    1b
    1,643,687
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    1,899,099
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,994,379
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    15,994,379
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    239,916
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,754,463
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    787,723
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    787,723
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    7,495
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,495
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    780,228
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    780,228
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    780,228
    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
    776,616
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    776,616
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    776,616
    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 7 780,228
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 678,684
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 776,616
    a Applied to 2009, but not more than line 2a 678,684
    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..... 97,932
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		682,296
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    ROBBIE T WHITE DIRECTOR
    801 BROAD STREET SUITE 508
    AUGUSTA,GA30901
    (706) 724-3550
    bThe form in which applications should be submitted and information and materials they should include:
    PROSPECTIVE GRANTEES MUST COMPLETE GRANT APPLICATION AFTER CONTACTING FOUNDATION TO CONFIRM ELIGIBILITY.
    cAny submission deadlines:
    SUBMISSION DEADLINE IS OCTOBER 1ST EACH YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GEOGRAPHIC AND CHARITABLE RESTRICTIONS.
    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
    ASST LEAGUE OF PUEBLO
    515 CHESTER AVE
    PUEBLO,CO81003     		NONE EXEMPT DISCRETIONARY 7,500
    ASU BIRDIE CLUB (AUGUSTA STATE UNIVERSITY)
    PO BOX 14127
    AUGUSTA,GA30919     		NONE EXEMPT DISCRETIONARY 1,500
    AUGUSTA CHRISTIAN SCHOOLS
    313 BASTON ROAD
    MARTINEZ,GA30907     		NONE EXEMPT DISCRETIONARY 14,250
    AUGUSTA MUSEUM OF HISTORY
    560 REYNOLDS ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 15,000
    AUGUSTA PLAYERS INC
    PO BOX 2352
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 10,000
    AUGUSTA RESCUE MISSION
    PO BOX 968
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 10,000
    AUGUSTA TRAINING SHOP
    1704 JENKINS ST
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 5,195
    AUGUSTA URBAN MINISTRIES
    PO BOX 2001
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 15,000
    BOYS & GIRLS CLUB OF AUGUSTA
    206 MILLEDGE ROAD
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 12,000
    CARE & SHARE FOOD BANK FOR SOUTHERN COLORADO
    2605 PREAMBLE POINT
    COLORADO SPRINGS,CO80915     		NONE EXEMPT DISCRETIONARY 20,000
    CATHOLIC SOCIAL SERVICES
    811 12TH STREET
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 6,000
    CHAPEL OF OUR SAVIOR
    8 FOURTH ST
    COLORADO SPRINGS,CO80906     		NONE EXEMPT DISCRETIONARY 7,500
    CHEYENNE VILLAGE
    6275 LEHMAN DR
    COLORADO SPRINGS,CO80918     		NONE EXEMPT DISCRETIONARY 10,000
    CHILD ENRICHMENT INC
    PO BOX 12036
    AUGUSTA,GA30914     		NONE EXEMPT DISCRETIONARY 10,000
    CHRIST COMMUNITY HEALTH SERVICES
    1226 DANTIGNAC DR
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 25,000
    COORDINATED HEALTH SERVICES
    2110 BROAD ST
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 15,000
    CSRA HUMANE SOCIETY
    PO BOX 14667
    AUGUSTA,GA30919     		NONE EXEMPT DISCRETIONARY 3,000
    EASTER SEALS
    PO BOX 2441
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 10,000
    EMPTY STOCKING FUND
    725 BROAD ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 1,439
    EPISCOPAL DAY SCHOOL
    2248 WALTON WAY
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 22,000
    GA COUNCIL ON ECONOMIC EDUCATION
    PO BOX 1619
    ATLANTA,GA30301     		NONE EXEMPT DISCRETIONARY 2,500
    GARDEN CITY RESCUE MISSION
    828 FENWICK ST
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 15,000
    GEORGIA HEALTH SERVICES FOUNDATION
    1120 15TH STREET BA 8270
    AUGUSTA,GA30912     		NONE EXEMPT DISCRETIONARY 10,000
    GOLDEN HARVEST FOOD BANK
    3310 COMMERCE DRIVE
    AUGUSTA,GA30909     		NONE EXEMPT DISCRETIONARY 35,000
    GOODWILL
    961 BROAD ST 100
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 50,000
    HALE HOUSE
    402 WALKER STREET
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 10,000
    HERITAGE ACADEMY
    333 GREENE ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 15,000
    HISTORIC AUGUSTA INC
    PO BOX 37
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 10,000
    HOPE HOUSE
    PO BOX 3597
    AUGUSTA,GA30914     		NONE EXEMPT DISCRETIONARY 13,000
    IMPERIAL COMMUNITY THEATRE
    749 BROAD ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 9,800
    JUD HICKEY CENTER FOR ALZHEIMER'S CARE
    1901 CENTRAL AVE
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 10,000
    LUCY LANEY MUSEUM OF BLACK HISTORY
    1116 PHILLIPS STREET
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 2,500
    LYDIA PROJECT
    1321 ARSENAL AVE
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 5,000
    LYNNDALE SCHOOL
    1490 EISENHOWER DRIVE
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 7,500
    MAKE A WISH FOUNDATION
    340 EISENHOWER DR 1104
    SAVANNAH,GA31406     		NONE EXEMPT DISCRETIONARY 14,000
    MORRIS MUSEUM OF ART
    1 TENTH ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 10,000
    NC ARBORETUIM SOCIETY
    100 FREDERICK LAW OLMSTEAD WAY
    ASHVILLE,NC28806     		NONE EXEMPT DISCRETIONARY 15,000
    RACHEL LONGSTREET FOUNDATION
    PO BOX 2182
    AUGUSTA,GA30903     		NONE EXEMPT DISCRETIONARY 2,500
    RECING CREW
    PO BOX 7124
    NORTH AUGUSTA,SC29841     		NONE EXEMPT DISCRETIONARY 5,000
    SALVATION ARMY
    1384 GREENE STREET
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 100,000
    SOUTHEASTERN NATURAL SCIENCES ACADEMY
    540 TELFAIR ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 10,000
    ST PAUL'S CHURCH
    605 REYNOLDS ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 20,000
    STORYLAND THEATRE INC
    PO BOX 14875
    AUGUSTA,GA30919     		NONE EXEMPT DISCRETIONARY 4,500
    SYMPHONY ORCHESTRA AUGUSTA
    1301 GREENE ST 200
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 20,000
    TUESDAY MUSIC LIVE
    ST PAULS EPISCOPAL CHURCH 605
    REYNOLDS ST
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 1,000
    UC-CUMBERLAND COLLEGE (UNIV OF THE CUMBERLANDS)
    6191 COLLEGE STATION DR
    WILLIAMSBURG,KY40769     		NONE EXEMPT DISCRETIONARY 10,000
    UNIVERSITY HEALTH CARE FOUNDATION
    2100 CENTRAL AVE STE D-1
    AUGUSTA,GA30904     		NONE EXEMPT DISCRETIONARY 10,000
    WALTON FOUNDATION FOR INDEPENDENCE
    1355 INDEPENDENCE DRIVE
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 33,000
    WALTON FOUNDATION FOR INDEPENDENCE
    1355 INDEPENDENCE DRIVE
    AUGUSTA,GA30901     		NONE EXEMPT DISCRETIONARY 8,000
    Total .................................bullet 3a 678,684
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 124,231  
    4 Dividends and interest from securities....     14 205,679  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 147,383  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14    
    8Gain or (loss) from sales of assets other than inventory     18 -27,346  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 449,947 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13449,947
    (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:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,000 800 0 3,200

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE & FIXTURES 1989-01-01 22,403 22,403 200DB 5.000000000000 0 0 0  
    OFFICE EQUIPMENT 1990-05-16 1,244 1,244 200DB 5.000000000000 0 0 0  
    DESK CHAIR 1990-06-25 785 785 200DB 7.000000000000 0 0 0  
    2 CHAIRS 1990-06-25 1,724 1,724 200DB 7.000000000000 0 0 0  
    SECRETARY DESK 1990-11-26 800 800 200DB 7.000000000000 0 0 0  
    CREDENZA 1990-02-20 185 185 200DB 7.000000000000 0 0 0  
    DESK TOP 1990-02-20 185 185 200DB 7.000000000000 0 0 0  
    TABLE 1990-02-20 450 450 200DB 7.000000000000 0 0 0  
    4 CHAIRS 1990-02-20 288 288 200DB 7.000000000000 0 0 0  
    FIXTURES 1990-02-20 242 242 200DB 7.000000000000 0 0 0  
    SCHUMACHER FABRIC 1990-03-20 3,828 3,828 200DB 7.000000000000 0 0 0  
    PAYNE WALLPAPER 1990-04-20 500 500 200DB 7.000000000000 0 0 0  
    BRUNSCHWIG & GIL FABRIC 1990-04-24 2,314 2,314 200DB 7.000000000000 0 0 0  
    CLARENCE HOUSE WALLPAPER 1990-04-26 1,326 1,326 200DB 7.000000000000 0 0 0  
    MASLAND CARPET 1990-04-27 2,989 2,989 200DB 7.000000000000 0 0 0  
    MITCHELL DESIGNS GRASSCL 1990-05-02 2,053 2,053 200DB 7.000000000000 0 0 0  
    DRAPERIES W/CORNICES 1990-05-30 1,246 1,246 200DB 7.000000000000 0 0 0  
    FIXTURES 1990-07-01 2,001 2,001 200DB 7.000000000000 0 0 0  
    TELEPHONE SYSTEM 1990-02-01 744 744 200DB 5.000000000000 0 0 0  
    FURNITURE 1993-08-30 11,702 11,702 200DB 7.000000000000 0 0 0  
    SILK FICUS TREE 1993-09-22 159 159 200DB 7.000000000000 0 0 0  
    PICTURE FRAME 1993-11-15 504 504 200DB 7.000000000000 0 0 0  
    SHADE 1993-12-21 273 273 200DB 7.000000000000 0 0 0  
    TABLE 1994-03-09 2,113 2,112 200DB 7.000000000000 0 0 0  
    TABLE & LAMP 1994-04-12 404 404 200DB 7.000000000000 0 0 0  
    CHAIR 1994-06-07 106 106 200DB 7.000000000000 0 0 0  
    CARPET 1995-09-20 1,346 1,346 200DB 7.000000000000 0 0 0  
    PAINTINGS 1995-09-20 7,599 7,599 200DB 7.000000000000 0 0 0  
    COPIER 1995-09-19 6,605 6,605 200DB 5.000000000000 0 0 0  
    COMPUTER 1999-09-27 3,064 3,064 200DB 5.000000000000 0 0 0  
    LEASEHOLD IMPROVEMENTS 1995-09-11 1,591 1,591 200DB 10.000000000000 0 0 0  
    1424 WALTON WAY 1991-11-01 1,322,316 760,854 SL 31.500000000000 41,978 41,978 41,978  
    CONSOLE 1990-02-20 350 350 200DB 7.000000000000 0 0 0  
    FIXTURES 1993-11-23 865 865 200DB 7.000000000000 0 0 0  
    COMPUTER 2007-07-11 1,487 1,059 200DB 5.000000000000 171 297 297  
    FAX 2007-03-28 439 312 200DB 5.000000000000 51 88 88  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB (4007-1727) - CORPORATE BONDS 2,390,402 2,372,317

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB (4007-1727) - STOCK 4,576,010 10,344,008

    TY 2010 InvestmentsLandSchedule2
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & FIXTURES 22,403 22,403   0
    OFFICE EQUIPMENT 1,244 1,244   0
    DESK CHAIR 785 785   0
    2 CHAIRS 1,724 1,724   0
    SECRETARY DESK 800 800   0
    CREDENZA 185 185   0
    DESK TOP 185 185   0
    TABLE 450 450   0
    4 CHAIRS 288 288   0
    FIXTURES 242 242   0
    SCHUMACHER FABRIC 3,828 3,828   0
    PAYNE WALLPAPER 500 500   0
    BRUNSCHWIG & GIL FABRIC 2,314 2,314   0
    CLARENCE HOUSE WALLPAPER 1,326 1,326   0
    MASLAND CARPET 2,989 2,989   0
    MITCHELL DESIGNS GRASSCL 2,053 2,053   0
    DRAPERIES W/CORNICES 1,246 1,246   0
    FIXTURES 2,001 2,001   0
    TELEPHONE SYSTEM 744 744   0
    FURNITURE 11,702 11,702   0
    SILK FICUS TREE 159 159   0
    PICTURE FRAME 504 504   0
    SHADE 273 273   0
    TABLE 2,113 2,112 1 0
    TABLE & LAMP 404 404   0
    CHAIR 106 106   0
    CARPET 1,346 1,346   0
    PAINTINGS 7,599 7,599   0
    COPIER 6,605 6,605   0
    COMPUTER 3,064 3,064   0
    LEASEHOLD IMPROVEMENTS 1,591 1,591   0
    1424 WALTON WAY 1,322,316 802,832 519,484 0
    CONSOLE 350 350   0
    FIXTURES 865 865   0
    COMPUTER 1,487 1,230 257 0
    FAX 439 363 76 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    POWERSHS QQQ TRUST SER 1 AT COST 90,755 190,610

    TY 2010 OtherAssetsSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 40,407 37,868 37,868


    TY 2010 OtherExpensesSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 4,696 939 0 3,757
    BANK FEES - SUNTRUST BANK 75 75 0 0
    OFFICE SUPPLIES & EXPENSE 1,000 200 0 800
    POSTAGE 399 80 0 319
    TELEPHONE 2,896 579 0 2,317
    REPAIR & MAINTENANCE 955 191 0 764


    TY 2010 OtherLiabilitiesSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Description Beginning of Year - Book Value End of Year - Book Value
    STATE WH TAXES 542 526
    PAYROLL W/H TAXES 298 314


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 77,739 77,739 0 0


    TY 2010 TaxesSchedule
    Name:
    CREEL-HARISON FOUNDATION INC
    EIN: 22-3875267
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 3,251 650 0 2,601
    INCOME TAX EXPENSE 3,328 666 0 2,662