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 08-01-2010 , and ending 07-31-2011
G
Check all that apply:
Name of foundation
THOMAS H AND MARY HADLEY CONNER LEATH FND
 

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

56-6294400
B Telephone number (see page 10 of the instructions)

(910) 693-2726
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$2,452,294J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 4,250 4,250  
4 Dividends and interest from securities...... 70,044 70,044  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 199,748
b Gross sales price for all assets on line 6a 1,215,527
7 Capital gain net income (from Part IV, line 2)... 199,748
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)....... 1,110 1,110  
12 Total. Add lines 1 through 11........ 275,152 275,152  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 33,827 33,827    
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) 2,481     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)....... 191      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,499 33,827 0 0
25 Contributions, gifts, grants paid........ 113,314 113,314
26 Total expenses and disbursements. Add lines 24 and 25 149,813 33,827 0 113,314
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 125,339
b Net investment income (if negative, enter -0-) 241,325
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 70,000    
2 Savings and temporary cash investments.......... 57,745 35,722 35,722
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 101,806 101,807 109,769
b Investments—corporate stock (attach schedule)........ 949,957 1,119,538 1,287,374
c Investments—corporate bonds (attach schedule)........ 255,505 992,134 1,019,329
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 689,033   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 1 1 100
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,124,047 2,249,202 2,452,294
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,124,047 2,249,202
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).................... 2,124,047 2,249,202
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,124,047 2,249,202
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 2,124,047
2 Enter amount from Part I, line 27a...................... 2 125,339
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,065
4 Add lines 1, 2, and 3.......................... 4 2,250,451
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,249
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 2,249,202
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 100. ABB LTD SPONSORED ADR   2008-10-30 2011-05-16
b 40. AGCO CORPORATION COMMON   2010-07-06 2010-11-10
c 80. AGCO CORPORATION COMMON   2010-07-06 2011-02-14
d 70. AT&T INC   2009-02-26 2010-11-10
e 125. ABBOTT LABORATORIES     2011-07-21
100. ACTUANT CORP CL A NEW   2010-08-04 2011-02-14
135. AEROPOSTALE INC   2009-12-22 2010-11-10
80. AGILENT TECHNOLOGIES   2010-11-10 2011-02-14
60. ALBEMARLE CORP COMMON   2010-07-06 2011-02-14
40. AMETEK INC COMMON   2009-08-17 2010-11-10
105. AMETEK INC COMMON   2009-08-17 2011-02-14
40. ANADARKO PETE CORP.   2003-11-20 2010-11-10
70. ANADARKO PETE CORP.   2003-11-20 2011-02-14
70. ANIXTER INTERNATIONAL INC   2011-05-16 2011-07-21
80. ANSYS INC COMMON   2009-08-17 2011-02-14
.62 AON CORPORATION COMMON   2009-09-21 2010-10-29
19.086 AON CORPORATION COMMON   2010-02-23 2010-11-10
43.914 AON CORPORATION COMMON   2009-09-21 2010-11-10
110. AON CORPORATION COMMON   2011-02-14 2011-07-21
4. APERAM     2011-05-16
195. APPLIED MATERIALS   2008-09-26 2011-02-14
140. ARCH COAL INC COMMON   2011-02-14 2011-03-24
200. ARM HOLDINGS PLC -SPONS ADR   2009-08-17 2011-02-14
499.282 ARTISAN INTERNATIONAL SMALL CAP FUND # 1   2009-09-25 2011-05-16
155. AVERY DENNISON CORP. COMMON     2010-11-10
105. AVERY DENNISON CORP. COMMON   2009-01-23 2011-02-14
70. ADR AXA-UAP F/K/A AXA SA SPONSORED ADR   2010-02-23 2011-05-16
50. BOK FINANCIAL CORP COMMON   2010-07-06 2011-02-14
.3 BANCO BRADESCO S A   2009-08-17 2010-08-13
180. BAXTER INTERNATIONAL INCORPORATED   2009-08-17 2010-11-10
90. BECKMAN COULTER INC.   2010-08-04 2011-02-14
90. BRIGGS & STRATTON CORP COMMON   2009-12-22 2011-03-24
90. BROADRIDGE FINANCIAL SOLUTIONS LLC COMMO   2009-08-17 2011-02-14
210. BRUKER BIOSCIENCES CORP COMMON   2010-07-06 2011-07-21
110. CIT GROUP INC COMMON   2011-02-14 2011-05-16
30. CME GROUP INC COMMON     2011-02-14
165. CVS CORP COMMON     2011-03-24
90. CAMPBELL SOUP COMPANY   2009-09-21 2010-11-10
140. CAMPBELL SOUP COMPANY     2011-02-14
160. CARNIVAL CORP PAIRED CTF 1 COM   2011-05-16 2011-07-21
80. CHART INDUSTRIES INC COMMON   2011-05-16 2011-07-21
60. CHEVRON TEXACO CORP COMMON   2008-08-04 2011-07-21
40. CHINA MOBILE HONG KONG LTD   2009-08-17 2011-02-14
40. COCA COLA COMPANY   2010-07-06 2011-02-14
140. COMCAST CORP NEW CL A   2008-09-26 2011-07-21
50. CONOCOPHILLIPS COM   2003-11-20 2011-07-21
290. COOPER TIRE & RUBR CO     2011-07-21
215.285 CREDIT SUISSE COMMODITY RETURN STRATEGY   2010-02-23 2011-05-16
266.421 CREDIT SUISSE COMMODITY RETURN STRATEGY     2011-07-21
160. CROWN HOLDINGS INC COMMON   2009-10-21 2011-02-14
230. DANONE SPONS ADR   2009-08-17 2011-03-24
45. DISNEY WALT COMPANY   2008-10-30 2011-03-24
210. DISCOVER FINL SVCS     2011-07-21
260. DISCOVERY COMMUNICATIONS A COMMON     2011-02-14
40. DOLBY LABORATORIES INC CL A COMMON   2011-02-14 2011-07-21
80. DOLBY LABORATORIES INC CL A COMMON   2009-08-17 2011-07-21
240. DREAMWORKS ANIMATION SKG INC COMMON     2011-03-24
140. EATON VANCE CORPORATION   2011-03-24 2011-07-21
80. EBAY INC   2010-02-23 2011-02-14
60. EDISON INTERNATIONAL   2009-02-26 2010-11-10
85. EDISON INTERNATIONAL   2009-02-26 2011-03-24
190. ELECTRICITE DE FRANCE (EDF)UNSPONS ADR   2009-08-17 2011-02-14
150. ERICSSON LM TELEPHONE CO ADR NEW   2010-02-23 2011-05-16
302. ESPRIT HOLDINGS LIMITED SPONS ADR     2011-07-21
90. EXXON MOBIL CORPORATION     2011-05-16
250. FEI COMPANY COMMON   2010-02-23 2011-02-14
40. FMC TECHNOLOGIES INC   2010-08-04 2010-11-10
90. FAST RETAILING CO LTD UNSPON ADR   2009-10-21 2011-02-14
150000. FED NATL MTG ASSN DTD 04/21/06 5.125% 04   2006-08-29 2011-04-15
90. FIDELITY NATIONAL INFORMATION SERVICES I   2011-02-14 2011-03-24
120. FIDELITY NATIONAL INFORMATION SERVICES I   2011-02-14 2011-05-16
160. FISERV   2009-08-17 2011-02-14
140. FLOWERS FOOD INC WI   2009-08-17 2010-11-10
30. FOSSIL INC COM   2010-02-23 2011-02-14
50. FRANCE TELECOM SPONS ADR COMMON     2011-02-14
90. GENUINE PARTS COMPANY   2009-09-21 2011-02-14
60. B. F. GOODRICH COMMON     2011-05-16
130. GRUPO TELEVISA SA DE CV SPONSORED ADR REPSTG ORD PARTN CTF (FREE   2009-12-22 2011-02-14
180. GUESS INC COMMON     2011-07-21
90. HANOVER INSURANCE GROUP INC COMMON   2009-08-17 2011-02-14
110. HASBRO INC   2010-02-23 2011-05-16
60. HASBRO INC   2011-02-14 2011-07-21
50. HASBRO INC   2010-07-06 2011-07-21
180. HEARTLAND EXPRESS   2010-08-04 2011-02-14
90. HELMERICH & PAYNE INC COMMON     2011-03-24
60. HEWITT ASSOCIATES INC CL A COMMON   2009-09-21 2010-08-04
140. HOSPIRA INC     2011-05-16
60. HUANENG PWR INT'L ADR   2009-12-22 2011-03-24
70. HUBBELL INC   2011-02-14 2011-03-24
110. ICAP PLC   2009-12-22 2011-02-14
80. ICON PLC SPONS ADR   2010-07-06 2011-03-24
60. IDEXX LABORATORIES INC COMMON   2009-08-17 2010-11-10
40. IHS INC COMMON   2009-08-17 2010-11-10
90. IHS INC COMMON   2009-08-17 2011-05-16
50. INFOSYS TECHNOLOGIES SP ADR ISIN #US4567881085   2009-08-17 2011-02-14
150. INTEL CORPORATION   2008-01-29 2011-03-24
20. INTERCONTINENTALEXCHANGE INC COMMON   2009-12-22 2010-11-10
20. INTERNATIONAL BUSINESS MACHINES CORP   2009-05-15 2011-03-24
210. INTERNATIONAL PAPER COMPANY     2011-07-21
310. INTERVAL LEISURE GROUP COMMON   2009-08-17 2011-07-21
120. ISHARES SILVER TRUST   2009-08-17 2011-02-14
70. KBR INC COMMON   2011-02-14 2011-07-21
80. KRAFT FOODS INC-A COMMON   2009-05-15 2011-07-21
280. KROGER COMPANY COMMON   2010-02-23 2010-11-10
160. KROGER COMPANY COMMON   2010-02-23 2011-02-14
50. LABORATORY CORP OF AMERICAN HOLDINGS     2011-05-16
60. LANDSTAR SYSTEM INC COMMON   2011-03-24 2011-05-16
110. LASALLE HOTEL PPTYS COM SH BEN INT   2010-08-04 2011-02-14
50. LEUCADIA NATIONAL CORP COMMON   2010-02-23 2010-11-10
140. LEUCADIA NATIONAL CORP COMMON   2009-10-21 2010-11-10
130. LEUCADIA NATIONAL CORP COMMON   2010-07-06 2011-02-14
90. LINCARE HOLDINGS INC COMMON   2010-08-04 2011-03-24
80. LOCKHEED MARTIN CORP   2010-02-23 2011-07-21
200. LOWES COMPANIES INCORPORATED   2010-02-23 2011-05-16
30. MACQUARIE GROUP LIMITED LTD ADR   2010-02-23 2011-07-21
70. MEDTRONIC INC   2007-11-08 2011-07-21
35. MERCK & CO INC   2009-01-23 2011-02-14
100. METLIFE COMMON   2010-02-23 2011-02-14
180. MITSUBISHI UJF FINANCIAL GROUP INC   2009-08-17 2011-02-14
30. MONSANTO CO COMMON   2008-12-10 2010-11-10
60. MONSANTO CO COMMON     2011-02-14
40. NYSE EURONEXT COMMON   2010-02-23 2011-02-14
10. NEW ORIENTAL EDUCATION SP ADR   2009-10-21 2011-03-24
340. NOKIA CORP   2010-02-23 2010-11-10
20. NOBLE ENERGY INC   2010-02-23 2011-03-24
60. NOBLE ENERGY INC   2009-08-17 2011-05-16
150. NOMURA HOLDINGS INC.   2009-08-17 2011-02-14
90. NORTHERN TRUST GROUP   2010-02-23 2011-02-14
40. NOVARTIS AG   2010-07-06 2011-07-21
20. NOVO-NORDISK A S ADR   2009-08-17 2010-11-10
50. NUCOR CORPORATION   2010-02-23 2011-02-14
40. OCEANEERING INTERNATIONAL INC   2010-02-23 2010-11-10
100. ORACLE SYSTEM CORPORATION   2008-10-30 2011-07-21
260. OSHKOSH TRUCK B CL B     2011-05-16
60. OWENS ILLINOIS INC COM NEW   2010-04-20 2010-11-10
80. OWENS ILLINOIS INC COM NEW   2010-07-06 2011-02-14
295. PALL CORPORATION COMMON     2011-02-14
20. PETROCHINA COMPANY LTD COMMON   2009-08-17 2011-07-21
120. PETROHAWK ENERGY CORP   2010-07-06 2010-08-04
230. PFIZER INCORPORATED   2010-02-23 2011-05-16
90. PHASE FORWARD INC COMMON   2009-08-17 2010-08-13
3155.114 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C   2010-02-23 2011-02-14
17132.241 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C     2011-02-14
180. PLEXUS CORP COMMON     2011-03-24
80. PROGRESS SOFTWARE COMMON   2011-03-24 2011-07-21
195. PROGRESS SOFTWARE COMMON   2010-07-06 2011-07-21
40. QUALCOMM INC COMMON   2007-11-08 2010-11-10
60. QUALCOMM INC COMMON   2007-11-08 2011-02-14
100. QUEST SOFTWARE INC   2010-08-04 2011-05-16
140. QUEST SOFTWARE INC   2010-02-23 2011-05-16
80. REINSURANCE GROUP OF AMERICA COMMON   2009-08-17 2010-11-10
40. RIO TINTO PLC SPONSORED ADR   2009-08-17 2011-07-21
90. ROPER INDS INC COMMON     2011-02-14
130. ROVI CORPORATION COMMON   2009-10-21 2010-11-10
40. RUDDICK CORPORATION   2009-08-17 2011-02-14
160. SEI INVESTMENTS CO   2009-08-17 2011-03-24
55. SPDR GOLD TRUST   2008-12-10 2010-11-10
310. SAFEWAY INC   2011-02-14 2011-05-16
25. SCHLUMBERGER LTD   2008-08-11 2011-02-14
20. SHIN-ETSU CHEMICAL CO LTD ADR   2009-08-17 2011-02-14
110. SIGMA ALDRICH CORPORATION   2010-02-23 2011-02-14
80. SMITH & NEPHEW PLC - SPON ADR   2009-08-17 2010-11-10
60. SOLERA HOLDINGS INC COMMON   2009-08-17 2010-08-04
60. SOLERA HOLDINGS INC COMMON   2009-08-17 2010-11-10
180. SONY FINANCIAL HOLDINGS INC ADR     2011-07-21
60. STATE STR CORP   2010-08-04 2011-02-14
170. STATE STR CORP   2009-12-22 2011-02-14
30. STERICYCLE INC   2009-08-17 2010-11-10
30. STERICYCLE INC   2009-08-17 2011-02-14
60. STRYKER CORP COMMON   2011-02-14 2011-03-24
450. THE SUMITO TRUST AND BANKING CO     2011-04-01
.5 SUMITOMO MITSUI TRUST HOLDINGS INC   2011-04-05 2011-04-20
150. SYNOPSYS INC.   2009-08-17 2011-02-14
40. SYNGENTA AG   2011-02-14 2011-05-16
30. SYNGENTA AG   2009-08-17 2011-05-16
40. SYSCO CORPORATION   2008-01-29 2011-02-14
80. TARGET CORP COM   2010-07-06 2011-07-21
30. TECHNE CORP   2009-08-17 2011-02-14
90. TELEDYNE TECHNOLOGIES INC COM   2009-08-17 2011-07-21
90. TELEFONICA S A   2009-08-17 2011-02-14
30. TEVA PHARMACEUTICAL INDS LTD ADR   2009-08-17 2011-02-14
20. FINA S A SPONSORED   2009-12-22 2011-07-21
50. THE TRAVELERS COMPANIES INC.   2009-01-23 2011-03-24
140. TREEHOUSE FOODS INC COMMON   2011-03-24 2011-07-21
165. US BANCORP   2009-04-06 2011-03-24
330. UNILEVER PLC-SPONSORED ADR   2009-05-15 2011-02-14
160. USIMINAS S.A. ADR   2010-11-10 2011-02-14
30. V F CORP COMMON   2011-02-14 2011-05-16
50. V F CORP COMMON   2009-12-22 2011-05-16
120. VALE SA SP ADR   2009-08-17 2011-07-21
120. VARIAN SEMICONDUCTOR EQUIPMENT ASSOC   2011-02-14 2011-05-16
80. VERIZON COMMUNICATIONS INC   2010-07-06 2011-02-14
200. VIRGIN MEDIA INC COMMON   2010-08-04 2011-02-14
450. VODAFONE GROUP PLC NEW SP ADR   2009-08-17 2010-11-10
110. VODAFONE GROUP PLC NEW SP ADR   2009-08-17 2011-07-21
70. WABCO HOLDINGS INC COMMON   2010-07-06 2010-11-10
50. WABCO HOLDINGS INC COMMON   2010-07-06 2011-02-14
70. WABTEC CORP COMMON   2010-02-23 2010-11-10
60. WAL MART STORES INCORPORATED   2010-02-23 2011-07-21
70. WASHINGTON FEDERAL INC   2009-12-22 2011-03-24
70. WASTE CONNECTIONS   2011-02-14 2011-03-24
150. WASTE CONNECTIONS   2009-08-17 2011-03-24
70. WELLPOINT INC   2008-10-30 2011-02-14
60. WHITING PETROLEUM CORP COMMON   2009-09-21 2011-03-24
40. WHITING PETROLEUM CORP COMMON   2009-12-22 2011-05-16
100. WOLVERINE WORLD WIDE INC COMMON   2009-09-21 2011-03-24
20. CREDICORP LTD COM   2009-08-17 2011-02-14
150. COVIDIEN PLC   2010-11-10 2011-03-24
30. ENSTAR GROUP LTD   2009-08-17 2011-02-14
50. INGERSOLL-RAND PLC   2010-11-10 2011-03-24
110. INVESCO LTD   2010-02-23 2010-08-04
100. INVESCO LTD   2010-02-23 2011-02-14
80. LAZARD LTD   2009-09-21 2011-02-14
10. MARVELL TECHNOLOGY GROUP LTDORD   2009-10-21 2011-02-14
180. NABORS INDUSTRIES LTD. COMMON     2011-07-21
210. XL CAPITAL LTD   2010-11-10 2011-02-14
390. WEATHERFORD INTL LTD   2010-07-06 2010-08-04
280. WEATHERFORD INTL LTD   2010-07-06 2011-02-14
60. LOGITECH INTERNATIONAL S.A.   2009-08-17 2011-05-16
100. TE CONNECTIVITY LTD   2010-04-20 2011-07-21
75. TRANSOCEAN LTD   2009-02-26 2010-08-04
150. TYCO INTERNATIONAL LTD   2010-04-20 2011-05-16
30. MILLICOM INTL CELLULAR S.A. COMMON   2009-08-17 2011-07-21
110. CHECKPOINT SOFTWARE TECHNOLOGY COMMON   2011-02-14 2011-07-21
(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 2,616   1,218 1,398
b 1,792   1,076 716
c 4,310   2,153 2,157
d 2,029   1,687 342
e 6,617   6,566 51
2,971   2,075 896
3,301   2,985 316
3,605   2,824 781
3,452   2,345 1,107
2,248   1,220 1,028
4,571   2,135 2,436
2,537   894 1,643
5,563   1,565 3,998
4,637   5,027 -390
4,354   2,858 1,496
25   24 1
794   749 45
1,827   1,723 104
5,533   5,542 -9
156   148 8
3,141   3,124 17
4,930   4,833 97
6,242   1,198 5,044
10,405   8,283 2,122
5,715   4,547 1,168
4,244   2,959 1,285
1,445   1,416 29
2,599   2,339 260
5   4 1
9,273   10,015 -742
7,449   4,121 3,328
1,825   1,760 65
2,056   1,831 225
4,309   2,499 1,810
4,704   5,261 -557
9,275   8,403 872
5,579   4,656 923
3,156   2,945 211
4,822   4,580 242
5,818   6,535 -717
4,790   3,582 1,208
6,563   5,079 1,484
1,908   2,144 -236
2,523   2,012 511
3,454   3,090 364
3,784   1,427 2,357
5,484   6,978 -1,494
1,994   1,761 233
2,536   2,207 329
6,070   4,313 1,757
2,939   2,328 611
1,913   1,100 813
5,538   3,089 2,449
11,221   6,654 4,567
1,764   2,107 -343
3,527   3,173 354
6,255   6,925 -670
3,991   4,445 -454
2,706   1,828 878
2,246   1,702 544
3,096   2,411 685
1,585   1,839 -254
2,284   1,477 807
1,773   4,367 -2,594
7,290   6,327 963
8,015   5,299 2,716
3,098   2,609 489
1,354   1,555 -201
150,000   149,936 64
2,850   2,849 1
3,850   3,798 52
9,979   7,600 2,379
3,599   3,262 337
2,486   1,084 1,402
1,092   1,343 -251
4,815   3,459 1,356
5,423   5,312 111
3,151   2,708 443
7,508   7,246 262
4,180   3,521 659
5,269   3,868 1,401
2,361   2,707 -346
1,967   1,997 -30
2,914   2,905 9
5,715   4,613 1,102
2,945   2,139 806
7,731   7,941 -210
1,384   1,321 63
4,796   4,626 170
1,880   1,494 386
1,680   2,188 -508
3,753   2,984 769
2,929   1,869 1,060
7,807   4,206 3,601
3,412   2,037 1,375
3,057   3,065 -8
2,306   2,190 116
3,181   2,028 1,153
6,482   5,519 963
4,215   3,605 610
3,575   1,663 1,912
2,732   2,407 325
2,836   1,983 853
6,389   6,112 277
3,587   3,492 95
4,971   3,360 1,611
2,761   2,653 108
3,134   2,628 506
1,331   1,139 192
3,726   3,454 272
4,455   2,470 1,985
2,580   2,264 316
6,411   6,230 181
5,066   4,585 481
953   1,268 -315
2,612   3,174 -562
1,148   986 162
4,714   3,495 1,219
1,004   1,109 -105
1,868   2,491 -623
4,510   4,895 -385
1,508   1,023 485
993   751 242
3,635   4,525 -890
1,908   1,426 482
5,276   3,491 1,785
954   1,268 -314
4,736   4,862 -126
2,506   1,942 564
2,101   1,206 895
2,419   2,144 275
2,808   2,385 423
3,239   1,809 1,430
7,665   7,911 -246
1,725   2,164 -439
2,462   2,217 245
16,334   8,247 8,087
2,986   2,155 831
2,074   2,052 22
4,844   4,101 743
1,530   1,065 465
32,971   31,772 1,199
179,032   148,949 30,083
5,673   5,107 566
2,055   2,229 -174
5,008   3,823 1,185
1,907   1,609 298
3,512   2,414 1,098
2,237   2,050 187
3,132   2,317 815
4,120   3,419 701
2,870   1,485 1,385
7,592   4,203 3,389
6,865   3,727 3,138
1,450   985 465
3,651   3,000 651
7,510   4,356 3,154
7,747   6,755 992
2,289   2,272 17
1,140   1,063 77
6,857   5,265 1,592
3,811   3,101 710
2,384   1,489 895
2,991   1,489 1,502
3,179   2,670 509
2,801   2,386 415
7,936   7,472 464
2,158   1,486 672
2,527   1,486 1,041
3,644   3,625 19
2,347   2,467 -120
2   2  
4,363   2,972 1,391
2,703   2,646 57
2,027   1,235 792
1,120   1,133 -13
4,143   3,982 161
2,045   1,796 249
4,658   2,919 1,739
2,219   2,105 114
1,531   1,523 8
1,123   1,275 -152
2,921   1,902 1,019
7,669   7,753 -84
4,366   2,483 1,883
9,525   7,511 2,014
1,843   2,133 -290
3,023   2,590 433
5,038   3,660 1,378
4,014   2,380 1,634
7,337   5,656 1,681
2,878   2,125 753
5,463   4,276 1,187
12,592   9,428 3,164
2,904   2,305 599
3,475   2,193 1,282
3,217   1,567 1,650
3,364   2,735 629
3,269   3,223 46
1,167   1,374 -207
1,964   2,074 -110
4,209   2,714 1,495
4,610   2,507 2,103
4,111   1,671 2,440
2,558   1,441 1,117
3,521   2,595 926
1,980   1,413 567
7,765   6,590 1,175
2,474   1,845 629
2,380   2,025 355
2,158   2,135 23
2,573   1,941 632
3,542   3,009 533
200   152 48
4,873   4,980 -107
4,822   4,402 420
6,447   5,171 1,276
7,117   3,713 3,404
764   1,006 -242
3,639   2,972 667
3,997   4,526 -529
7,563   5,989 1,574
3,524   2,068 1,456
6,524   5,514 1,010
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       1,398
b       716
c       2,157
d       342
e       51
      896
      316
      781
      1,107
      1,028
      2,436
      1,643
      3,998
      -390
      1,496
      1
      45
      104
      -9
      8
      17
      97
      5,044
      2,122
      1,168
      1,285
      29
      260
      1
      -742
      3,328
      65
      225
      1,810
      -557
      872
      923
      211
      242
      -717
      1,208
      1,484
      -236
      511
      364
      2,357
      -1,494
      233
      329
      1,757
      611
      813
      2,449
      4,567
      -343
      354
      -670
      -454
      878
      544
      685
      -254
      807
      -2,594
      963
      2,716
      489
      -201
      64
      1
      52
      2,379
      337
      1,402
      -251
      1,356
      111
      443
      262
      659
      1,401
      -346
      -30
      9
      1,102
      806
      -210
      63
      170
      386
      -508
      769
      1,060
      3,601
      1,375
      -8
      116
      1,153
      963
      610
      1,912
      325
      853
      277
      95
      1,611
      108
      506
      192
      272
      1,985
      316
      181
      481
      -315
      -562
      162
      1,219
      -105
      -623
      -385
      485
      242
      -890
      482
      1,785
      -314
      -126
      564
      895
      275
      423
      1,430
      -246
      -439
      245
      8,087
      831
      22
      743
      465
      1,199
      30,083
      566
      -174
      1,185
      298
      1,098
      187
      815
      701
      1,385
      3,389
      3,138
      465
      651
      3,154
      992
      17
      77
      1,592
      710
      895
      1,502
      509
      415
      464
      672
      1,041
      19
      -120
       
      1,391
      57
      792
      -13
      161
      249
      1,739
      114
      8
      -152
      1,019
      -84
      1,883
      2,014
      -290
      433
      1,378
      1,634
      1,681
      753
      1,187
      3,164
      599
      1,282
      1,650
      629
      46
      -207
      -110
      1,495
      2,103
      2,440
      1,117
      926
      567
      1,175
      629
      355
      23
      632
      533
      48
      -107
      420
      1,276
      3,404
      -242
      667
      -529
      1,574
      1,456
      1,010
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 2 199,748
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 74,000 2,254,481 0.032824
2008 82,500 2,067,433 0.039905
2007 117,396 2,451,684 0.047884
2006 92,900 2,456,658 0.037816
2005 109,400 2,352,897 0.046496
2 Total of line 1, column (d) ...................... 2 0.204923
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 0.040985
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,388,289
5 Multiply line 4 by line 3....................... 5 97,883
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,413
7 Add lines 5 and 6......................... 7 100,296
8 Enter qualifying distributions from Part XII, line 4.............. 8 113,314
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 2,413
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 2,413
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 2,413
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,012
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 1,012
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,401
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNC
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING & TRUST COMPANY Telephone no.bullet (910) 693-2726
    Located atbullet130 APPLECROSS RDPINEHURSTNC ZIP+4bullet28374
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    1     		33,827    
    PO DRAWER 1149
    PINEHURST,NC28374
    ROBERT HUTCHINSON TRUSTEE
    1     		0    
    220 E WASHINGTON ST
    ROCKINGHAM,NC28379
    JUDY S BLOUNT TRUSTEE
    1     		0    
    715 STANLEY AVE
    ROCKINGHAM,NC28379
    F BRENT NEAL TRUSTEE
    1     		0    
    PO BOX 1657
    ROCKINGHAM,NC283791657
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,424,659
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,424,659
    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
    2,424,659
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    36,370
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,388,289
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    119,414
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    119,414
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,413
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,413
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    117,001
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,686
    5
    Add lines 3 and 4.............................
    5
    118,687
    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
    118,687
    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
    113,314
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    113,314
    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
    2,413
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    110,901
    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 7 118,687
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 104,800
    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: bullet$ 113,314
    a Applied to 2009, but not more than line 2a 104,800
    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..... 8,514
    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 ..........     		110,173
    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)
    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).)
    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
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    C S MORRIS
    130 APPLECROSS RD
    PINEHURST,NC28374
    (910) 693-2733
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST FOR SCHOLARSHIP TO DUKE UNIV, UNC-CHAPEL HILL OR SALEM COLLEGE. WILL SHOW SCHOOL RECORD, HIGH SCHOOL, CLASS AND PLANNED MAJOR WRITTE REQUEST FOR PUBLIC SUPPORT - TITLE OF PROJECT, GOALS AND COST.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIP - RESIDENT OF RICHMOND COUNTY, NC PUBLIC SUPPORT - RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR INSTITUTIONS THAT SUPPORT CITIZENS OF RICHMOND COUNTY AND STATE OF NC
    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
    UNC CHAPEL HILL
    CB 2200 JACKSON HALL
    CHAPEL HILL,NC275992200     		NONE N/A COLLEGE SCHOLARSHIP 102,314
    L J BELL ELEMENTARY SCHOOL
    GROWING READERS
    442 HAWTHORNE AVE
    ROCKINGHAM,NC28379     		NONE EXEMPT EDUCATIONAL 1,000
    FOOD BANK OF CENTRAL & EASTERN
    NORTH CAROLINA
    195 SANDY AVENUE
    SOUTHERN PINES,NC28387     		NONE EXEMPT FEEDING FAMILIES BETTER 10,000
    Total .................................bullet 3a 113,314
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 4,250  
    4 Dividends and interest from securities....     14 70,044  
    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     18 199,748  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aLITIGATION PROCEED     01 1,110  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   275,152  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13275,152
    (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 OtherDecreasesSchedule
    Name:
    THOMAS H AND MARY HADLEY CONNER LEATH FND
    EIN: 56-6294400
    Description Amount
    ACCRUED INTEREST PAID 1,249


    TY 2010 OtherIncreasesSchedule
    Name:
    THOMAS H AND MARY HADLEY CONNER LEATH FND
    EIN: 56-6294400
    Description Amount
    ADJUSTMENT FOR ROUNDING 3
    DIFF IN MUTUAL FDS REC/REPORTED 1,062