TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 10-01-2010 , and ending 09-30-2011

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

Amended returnAddress changeName change

Name of foundation
E G ARPS MEM EDUCATION FUND TUA

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

56-6228126

B Telephone number (see page 10 of the instructions)

(252) 246-4027

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$718,156J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	23,744		23,744
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		41,973
b	Gross sales price for all assets on line 6a 595,861
7	Capital gain net income (from Part IV, line 2)...			41,973
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).......
12	Total. Add lines 1 through 11........	65,717		65,717
13	Compensation of officers, directors, trustees, etc.	11,718		11,718
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)....		500			500
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		455			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).......		70
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	12,743		11,718	0	500
25	Contributions, gifts, grants paid........	37,000				37,000
26	Total expenses and disbursements. Add lines 24 and 25	49,743		11,718	0	37,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	15,974
b	Net investment income (if negative, enter -0-)			53,999
c	Adjusted net income (if negative, enter -0-)...				0

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	16,791	17,405	17,405
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	332,300	334,105	322,017
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	356,058	369,480	378,734
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	705,149	720,990	718,156
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	705,149	720,990
	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)....................	705,149	720,990
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	705,149	720,990

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	705,149
2	Enter amount from Part I, line 27a......................	2	15,974
3	Other increases not included in line 2 (itemize)	3	14
4	Add lines 1, 2, and 3..........................	4	721,137
5	Decreases not included in line 2 (itemize)	5	147
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	720,990

Form 990-PF (2010)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	50. ABB LTD SPONSORED ADR	2009-09-28	2011-07-01
b	130. ABB LTD SPONSORED ADR	2009-09-28	2011-09-13
c	40. ABBOTT LABORATORIES	2009-09-28	2011-06-23
d	30. ACACIA RESEARCH COMMON	2011-06-23	2011-09-13
e	50. ACTUANT CORP CL A NEW	2010-11-10	2011-01-19
	40. ADECCO SA REG UNSPON ADR	2011-06-23	2011-09-13
	80. ADIDAS AG	2009-09-28	2011-09-13
	40. AEROPOSTALE INC	2010-04-28	2010-11-10
	40. AGILENT TECHNOLOGIES	2010-09-13	2011-03-24
	25. AIRGAS INC	2009-12-29	2011-01-19
	40. AIXTRON AG ADR	2010-07-07	2011-09-13
	25. ALBEMARLE CORP COMMON	2010-09-13	2011-03-24
	210. ALCOA INC		2011-09-13
	3331.116 AMERICAN CENTURY DIVERSIFIED BOND FUND #	2009-09-28	2011-09-13
	20. AMETEK INC COMMON	2009-09-28	2010-11-10
	30. AMETEK INC COMMON	2009-09-28	2011-01-19
	60. AMPHENOL CORP CL A	2009-09-28	2011-09-13
	10. ANHEUSER-BUSCH INBEV NV SPN ADR	2009-09-28	2011-09-13
	20. ANIXTER INTERNATIONAL INC	2011-06-23	2011-09-13
	25. ANSYS INC COMMON	2010-11-10	2011-03-24
	30. ANSYS INC COMMON	2009-09-28	2011-03-24
	.81 AON CORPORATION COMMON	2009-09-28	2010-10-29
	31. AON CORPORATION COMMON	2009-09-28	2010-11-10
	25. AON CORPORATION COMMON	2011-01-19	2011-07-01
	10. AON CORPORATION COMMON	2011-01-19	2011-09-13
	12. APACHE CORPORATION COMMON	2010-11-10	2011-01-19
	1. APERAM	2009-09-28	2011-03-24
	1. APPLE COMPUTER CORPORATION COMMON	2010-11-10	2011-09-13
	7. APPLE COMPUTER CORPORATION COMMON	2010-07-07	2011-09-13
	30. APPROACH RESOURCES INC COMMON	2011-03-24	2011-09-13
	20. ARCELORMITTAL	2009-09-28	2011-09-13
	70. ARM HOLDINGS PLC -SPONS ADR	2009-09-28	2011-01-19
	40. ARM HOLDINGS PLC -SPONS ADR	2009-09-28	2011-06-23
	122.61 ARTISAN INTERNATIONAL SMALL CAP FUND # 1	2009-09-28	2010-11-10
	91.404 ARTISAN INTERNATIONAL SMALL CAP FUND # 1	2009-09-28	2011-06-23
	646.058 ARTISAN INTERNATIONAL SMALL CAP FUND # 1	2009-09-28	2011-09-13
	20. ASAHI GLASS COMPANY LIMITED	2011-03-24	2011-07-01
	60. ASAHI GLASS COMPANY LIMITED	2011-03-24	2011-09-13
	30. AVERY DENNISON CORP. COMMON	2009-09-28	2011-01-19
	70. AVNET INCORPORATED	2011-06-23	2011-09-13
	50. ADR AXA-UAP F/K/A AXA SA SPONSORED ADR	2011-03-24	2011-09-13
	40. BNP PARIBAS	2009-09-28	2011-09-13
	60. BANCO BRADESCO S A	2009-09-28	2011-09-13
	70. BANCO SANTANDER CENT HISPANO SA ADR	2009-09-28	2011-07-01
	40. BANCO SANTANDER CENT HISPANO SA ADR	2009-09-28	2011-09-13
	80. BANK OF AMER CORP COMMON	2010-07-07	2011-01-19
	80. BANK OF AMER CORP COMMON	2010-09-13	2011-09-13
	70. BANK OF AMER CORP COMMON	2010-07-07	2011-09-13
	20. BANK OF NOVA SCOTIA	2009-09-28	2011-09-13
	10. THE BANK OF YOKOHAMA LTD	2009-09-28	2011-09-13
	70. BARCLAYS PLC ADR	2011-06-23	2011-09-13
	50. BARCLAYS PLC ADR	2009-09-28	2011-09-13
	65. BAXTER INTERNATIONAL INCORPORATED	2009-09-28	2010-11-10
	15. BAYER A G SPONSORED ADR	2011-01-19	2011-09-13
	40. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A	2010-11-10	2011-09-13
	50. BE AEROSPACE INC COMMON	2011-06-23	2011-09-13
	12. BELLE INTERNATIONAL HOLDINGS LIMITED	2011-01-19	2011-09-13
	14. BERKSHIRE HATHAWAY INC DEL CL B COMMON	2009-09-28	2010-11-10
	16. BERKSHIRE HATHAWAY INC DEL CL B COMMON	2009-09-28	2011-01-19
	40. BHP BILLITON LIMITED	2009-09-28	2011-09-13
	12. BIO-RAD LABS CLASS A	2010-09-13	2011-09-13
	12. BIO-RAD LABS CLASS A	2009-09-28	2011-09-13
	20. BRITISH SKY BROADCAST, ADR	2009-09-28	2011-09-13
	90. BRUKER BIOSCIENCES CORP COMMON	2010-07-07	2011-09-13
	20. CIT GROUP INC COMMON	2011-01-19	2011-07-01
	25. CIT GROUP INC COMMON	2010-11-10	2011-09-13
	10. CME GROUP INC COMMON		2011-01-19
	40. CVS CORP COMMON	2009-09-28	2011-01-19
	40. CVS CORP COMMON	2009-09-28	2011-03-24
	40. CAMECO CORP	2009-09-28	2011-09-13
	40. CAMPBELL SOUP COMPANY	2009-09-28	2011-01-19
	40. CATALYST HEALTH SOLUTIONS INC COMMON	2011-06-23	2011-09-13
	80. CENOVUS ENERGY INC.		2011-09-13
	30. CEPHEID INC COMMON	2011-06-23	2011-09-13
	16. CHEVRON TEXACO CORP COMMON	2009-09-28	2011-01-19
	15. CHINA MOBILE HONG KONG LTD	2009-09-28	2011-01-19
	30. CISCO SYSTEMS	2011-03-24	2011-09-13
	90. CISCO SYSTEMS	2009-09-28	2011-09-13
	15. COCA COLA COMPANY	2010-09-13	2011-01-19
	60. COMCAST CORP NEW CL A	2009-09-28	2010-11-10
	60. COMCAST CORP NEW CL A	2009-09-28	2011-09-13
	40. COMERICA, INC. COMMON	2011-01-19	2011-03-24
	180. COMPAGNIE FINANCIERE RICHEMONT SA	2011-03-24	2011-09-13
	70. COMPANHIA ENERG DE MINAS GER PFD	2010-09-13	2011-09-13
	55. COMPANHIA ENERG DE MINAS GER PFD	2009-09-28	2011-09-13
	25. CONOCOPHILLIPS COM	2009-09-28	2010-11-10
	35. CONOCOPHILLIPS COM	2009-09-28	2011-01-19
	100. COOPER TIRE & RUBR CO		2011-09-13
	35. CREDIT SUISSE GROUP SPONS ADR	2009-09-28	2011-09-13
	107.642 CREDIT SUISSE COMMODITY RETURN STRATEGY INSTITUTIONAL SHS FD 2	2009-12-29	2011-09-13
	40. CROWN HOLDINGS INC COMMON	2009-10-22	2011-09-13
	110. DANONE SPONS ADR	2009-09-28	2011-03-24
	140. DEUSTCHE BOERSE AG ADR	2011-01-19	2011-09-13
	25. DILLARDS INC	2011-06-23	2011-09-13
	40. DISNEY WALT COMPANY	2009-09-28	2010-11-10
	35. DISNEY WALT COMPANY	2009-09-28	2011-03-24
	40. DISNEY WALT COMPANY	2009-09-28	2011-09-13
	70. DISCOVER FINL SVCS	2010-09-13	2011-09-13
	70. DISCOVER FINL SVCS	2010-04-28	2011-09-13
	55. DISCOVERY COMMUNICATIONS A COMMON	2009-09-28	2010-11-10
	45. DISCOVERY COMMUNICATIONS A COMMON	2009-09-28	2011-01-19
	25. DOLBY LABORATORIES INC CL A COMMON	2011-03-24	2011-06-23
	15. DOLBY LABORATORIES INC CL A COMMON	2009-09-28	2011-06-23
	80. DREAMWORKS ANIMATION SKG INC COMMON		2011-03-24
	50. DU PONT E I DE NEMOURS & COMPANY	2009-09-28	2010-11-10
	20. DU PONT E I DE NEMOURS & COMPANY	2009-09-28	2011-01-19
	10. ENI SPA - SPONSORED ADR COMMON	2011-01-19	2011-07-01
	15. ENI SPA - SPONSORED ADR COMMON	2011-01-19	2011-09-13
	70. ELECTRICITE DE FRANCE (EDF)UNSPONS ADR	2009-09-28	2011-01-19
	20. EMERSON ELECTRIC COMPANY	2009-09-28	2010-11-10
	30. EMERSON ELECTRIC COMPANY	2009-09-28	2011-01-19
	90. ERICSSON LM TELEPHONE CO ADR NEW	2011-01-19	2011-06-23
	100. ESPRIT HOLDINGS LIMITED SPONS ADR	2010-07-07	2011-06-23
	30. EVERCORE PARTNERS INC-CL A COMMON	2011-06-23	2011-09-13
	40. EXPEDIA INC COMMON	2011-06-23	2011-09-13
	25. EXXON MOBIL CORPORATION	2009-09-28	2011-06-23
	15. EXXON MOBIL CORPORATION	2009-12-29	2011-09-13
	110. FEI COMPANY COMMON		2011-01-19
	70. FAST RETAILING CO LTD UNSPON ADR	2010-11-10	2011-01-19
	3343.82 FEDERATED TOTAL RETURN GOV'T BOND FUND #647	2009-09-28	2011-09-13
	40. FIDELITY NATIONAL INFORMATION SERVICES I	2011-01-19	2011-03-24
	40. FIDELITY NATIONAL INFORMATION SERVICES I	2011-01-19	2011-06-23
	20. FISERV	2009-09-28	2010-11-10
	35. FISERV	2009-09-28	2011-01-19
	50. FLOWERS FOOD INC WI	2009-09-28	2011-01-19
	20. GDF SUEZ SPONS ADR	2009-09-28	2011-09-13
	10. GAFISA S.A.	2010-07-07	2011-07-01
	70. GAFISA S.A.	2010-07-07	2011-09-13
	30. GARTNER,INC COMMON	2011-06-23	2011-09-13
	70. GENERAL ELECTRIC COMPANY	2009-09-28	2011-09-13
	50. GENUINE PARTS COMPANY	2009-09-28	2011-01-19
	12. B. F. GOODRICH COMMON	2010-11-10	2011-06-23
	60. GRAFTECH INTERNATIONAL LTD	2011-03-24	2011-09-13
	320. GRAPHIC PACKAGING HOLDING CO COMMON	2011-06-23	2011-09-13
	50. GRUPO FIN BANORTE SPON ADR	2011-03-24	2011-09-13
	35. GUESS INC COMMON	2010-11-10	2011-06-23
	30. HDFC BANK LTD ADR	2009-09-28	2011-09-13
	30. HANG LUNG PROPERTIES LIMITED SP ADR	2009-09-28	2011-01-19
	25. HANOVER INSURANCE GROUP INC COMMON	2009-09-28	2011-01-19
	35. HARRIS CORP	2011-06-23	2011-09-13
	25. HASBRO INC	2010-11-10	2011-06-23
	45. HASBRO INC	2010-07-07	2011-09-13
	70. HEARTLAND EXPRESS	2010-09-13	2010-11-10
	50. HELMERICH & PAYNE INC COMMON	2010-11-10	2011-03-24
	25. HENKEL KGAA	2009-09-28	2011-09-13
	45. HEWLETT PACKARD COMPANY	2009-09-28	2011-09-13
	70. HOLCIM LTD UNSPON ADR	2011-06-23	2011-09-13
	35. HOSPIRA INC		2011-06-23
	20. HUBBELL INC	2010-11-10	2011-03-24
	25. J. B. HUNT	2011-06-23	2011-09-13
	260. HUNTINGTON BANCSHARES INC COMMON	2011-03-24	2011-09-13
	60. IAC/INTERACTIVE CORP COMMON		2011-09-13
	90. ICAP PLC	2009-09-28	2011-09-13
	50. ICON PLC SPONS ADR	2010-09-13	2011-03-24
	15. IDEXX LABORATORIES INC COMMON	2009-09-28	2010-11-10
	15. IHS INC COMMON	2009-09-28	2010-11-10
	30. IHS INC COMMON	2009-09-28	2011-06-23
	70. INDUSTRIAL AND COMMERCIAL BANK OF CHINA	2011-06-23	2011-09-13
	20. INFOSYS TECHNOLOGIES SP ADR ISIN #US4567881085	2009-09-28	2010-11-10
	70. INTEL CORPORATION	2009-09-28	2011-01-19
	10. INTERCONTINENTALEXCHANGE INC COMMON	2009-12-29	2010-11-10
	10. INTERCONTINENTALEXCHANGE INC COMMON	2011-01-19	2011-09-13
	10. INTERCONTINENTALEXCHANGE INC COMMON	2009-12-29	2011-09-13
	12. INTERNATIONAL BUSINESS MACHINES CORP	2009-09-28	2011-06-23
	40. INTERNATIONAL PAPER COMPANY	2011-01-19	2011-06-23
	70. INTERNATIONAL PAPER COMPANY	2010-09-13	2011-09-13
	80. INTERPUBLIC GROUP	2011-03-24	2011-07-01
	190. INTERPUBLIC GROUP		2011-09-13
	130. INTERVAL LEISURE GROUP COMMON	2009-09-28	2011-06-23
	30. ISHARES FTSE/XINHUA CHINA 25 INDEX FUND	2010-07-07	2011-09-13
	30. J P MORGAN CHASE & CO	2011-01-19	2011-09-13
	70. MINING AND METALLURGICAL CO NORILSK NICK	2009-09-28	2011-09-13
	25. KB FINANCIAL GROUP INC COMMON	2011-06-23	2011-09-13
	15. KB FINANCIAL GROUP INC COMMON	2009-09-28	2011-09-13
	60. KBR INC COMMON	2011-03-24	2011-09-13
	160. KINGFISHER PLC-SPONS ADR	2010-09-13	2011-09-13
	40. KAMATSU LTD	2011-06-23	2011-09-13
	70. KRAFT FOODS INC-A COMMON	2009-09-28	2011-09-13
	15. LABORATORY CORP OF AMERICAN HOLDINGS	2009-09-28	2011-06-23
	25. LANDSTAR SYSTEM INC COMMON	2011-03-24	2011-06-23
	50. LASALLE HOTEL PPTYS COM SH BEN INT	2010-09-13	2010-11-10
	10. LIBERTY MEDIA STARZ SERIES A COMMON	2011-03-24	2011-09-13
	40. LIFE TECHNOLOGIES CORP COMMON		2011-09-13
	130. LLOYDS TSB GROUP	2011-01-19	2011-07-01
	110. LLOYDS TSB GROUP	2011-01-19	2011-09-13
	12. LOCKHEED MARTIN CORP	2010-04-28	2011-06-23
	50. LOWES COMPANIES INCORPORATED	2011-01-19	2011-07-01
	10. MACQUARIE GROUP LIMITED LTD ADR	2011-01-19	2011-07-01
	15. MACQUARIE GROUP LIMITED LTD ADR	2011-01-19	2011-09-13
	40. MANULIFE FINANCIAL CORPORATION - DEMUTUALIZATION BENEFIT	2009-09-28	2011-09-13
	60. MARUI LTD ADR	2010-11-10	2011-09-13
	40. MECHEL OAO	2011-06-23	2011-09-13
	40. MEDTRONIC INC	2009-09-28	2011-06-23
	20. MEDTRONIC INC	2009-09-28	2011-07-01
	10. MEDTRONIC INC	2011-01-19	2011-09-13
	30. MERCK & CO INC	2009-09-28	2010-11-10
	40. MERCK & CO INC	2009-09-28	2011-09-13
	40. METLIFE COMMON		2011-09-13
	80. MICROSOFT CORPORATION	2009-09-28	2011-09-13
	90. MICROCHIP TECHNOLOGY INC		2011-06-23
	70. MICROSEMI CORP	2011-06-23	2011-09-13
	4. MITSUI & CO LTD	2010-11-10	2011-09-13
	120. MONOTYPE IMAGING HOLDINGS INC COMMON	2009-09-28	2011-09-13
	30. MOODY'S CORPORATION	2011-06-23	2011-09-13
	20. MORGAN STANLEY DEAN WITTER DIS CO	2010-04-28	2011-07-01
	40. NEW ORIENTAL EDUCATION SP ADR	2010-11-10	2011-09-13
	30. NIDEC CORPORATION	2009-09-28	2011-09-13
	30. NINTENDO LTD	2009-09-28	2011-09-13
	20. NOBLE ENERGY INC	2009-09-28	2011-03-24
	60. NOMURA HOLDINGS INC.	2009-09-28	2011-01-19
	30. NORTHERN TRUST GROUP	2009-12-29	2010-11-10
	20. NOVARTIS AG	2011-01-19	2011-03-24
	25. NOVARTIS AG	2009-09-28	2011-07-01
	10. LUKOIL COMMON	2009-09-28	2011-09-13
	50. ORACLE SYSTEM CORPORATION	2009-09-28	2010-11-10
	50. ORACLE SYSTEM CORPORATION	2009-09-28	2011-01-19
	100. OSHKOSH TRUCK B CL B		2011-06-23
	30. OWENS ILLINOIS INC COM NEW	2010-04-28	2010-11-10
	1578.388 PIMCO LOW DURATION INSTITUTIONAL		2011-09-13
	92.936 PIMCO PIMS FOREIGN BOND FUND	2011-01-25	2011-09-13
	20. PALL CORPORATION COMMON	2009-09-28	2010-11-10
	90. PALL CORPORATION COMMON	2009-09-28	2011-01-19
	8. PETROCHINA COMPANY LTD COMMON	2009-09-28	2011-09-13
	20. PETROLEO BRASILEIRO SA PETROBRAS	2009-09-28	2011-07-01
	15. PETROLEO BRASILEIRO SA PETROBRAS	2009-09-28	2011-09-13
	102.916 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C	2009-04-06	2010-11-10
	7069.748 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C		2011-01-19
	110. PING AN INSURANCE GROUP COMPANY OF CHINA		2011-09-13
	50. PLANTRONICS INC COMMON	2011-06-23	2011-09-13
	90. PLEXUS CORP COMMON		2011-03-24
	20. PROASSURANCE CORP COMMON	2009-09-28	2011-09-13
	.5 PROGRESS SOFTWARE COMMON	2011-01-19	2011-02-11
	82. PROGRESS SOFTWARE COMMON		2011-09-13
	50. PRUDENTIAL PLC	2009-09-28	2011-09-13
	40. PUBLICIS GROUPE ADR	2011-01-19	2011-09-13
	35. QUALCOMM INC COMMON	2009-09-28	2010-11-10
	37. RAYONIER INC COMMON	2009-09-28	2011-09-13
	.5 RAYONIER INC COMMON	2009-09-28	2011-09-22
	35. REINSURANCE GROUP OF AMERICA COMMON	2009-09-28	2011-01-19
	16. RIO TINTO PLC SPONSORED ADR	2009-09-28	2011-06-23
	20. ROCK-TENN COMPANY "A"	2009-09-28	2011-03-24
	25. ROCK-TENN COMPANY "A"	2009-09-28	2011-09-13
	20. ROPER INDS INC COMMON	2009-09-28	2011-03-24
	40. ROVI CORPORATION COMMON	2009-10-22	2010-11-10
	40. RUDDICK CORPORATION	2009-09-28	2011-01-19
	50. SEI INVESTMENTS CO	2009-09-28	2011-01-19
	60. SEI INVESTMENTS CO	2010-09-13	2011-06-23
	90. SLM CORPORATION COMMON	2010-04-28	2011-09-13
	8. SPDR GOLD TRUST	2009-09-28	2010-11-10
	12. SPDR GOLD TRUST	2009-09-28	2011-01-19
	110. SAFEWAY INC	2011-01-19	2011-06-23
	50. ST JUDE MEDICAL INC COMMON		2011-09-13
	80. SANDVIK AB	2010-07-07	2011-09-13
	16. SCHLUMBERGER LTD	2009-09-28	2011-01-19
	10. SHIN-ETSU CHEMICAL CO LTD ADR	2009-09-28	2010-11-10
	8. SIEMENS AG SPONSORED ADR	2011-03-24	2011-09-13
	12. SIEMENS AG SPONSORED ADR	2009-09-28	2011-09-13
	15. SIGMA ALDRICH CORPORATION	2010-09-13	2011-01-19
	30. SMITH & NEPHEW PLC - SPON ADR	2009-09-28	2010-11-10
	25. SOCIEDAD QUIMICA MINERA DE CHILE S A SPONSORED ADR REPSTG SER B SH	2010-09-13	2011-09-13
	30. SOLERA HOLDINGS INC COMMON	2009-09-28	2010-11-10
	25. SOLERA HOLDINGS INC COMMON	2011-06-23	2011-09-13
	40. SONY FINANCIAL HOLDINGS INC ADR	2009-09-28	2011-07-01
	40. SOUTHWEST AIRLINES	2011-03-24	2011-09-13
	30. STATE STR CORP	2010-09-13	2011-01-19
	55. STATE STR CORP	2009-12-29	2011-01-19
	20. STERICYCLE INC	2009-09-28	2011-01-19
	90. ST MICROELETRONICS N.V.	2011-03-24	2011-06-23
	20. STRYKER CORP COMMON	2010-11-10	2011-03-24
	70. SUBSEA 7 SA	2009-09-28	2011-09-13
	110. SUMITOMO CORPORATION	2009-09-28	2011-09-13
	160. THE SUMITO TRUST AND BANKING CO	2009-09-28	2011-04-01
	.4 SUMITOMO MITSUI TRUST HOLDINGS INC	2011-04-05	2011-04-20
	238. SUMITOMO MITSUI TRUST HOLDINGS INC	2011-04-05	2011-09-13
	50. SUNCOR ENERGY, INC	2009-09-28	2011-09-13
	10. SYNGENTA AG	2009-09-28	2011-06-23
	40. SYSCO CORPORATION	2009-09-28	2010-11-10
	30. TARGET CORP COM	2011-01-19	2011-07-01
	40. TECK CORPORATION CL B COMMON	2010-07-07	2011-09-13
	30. TELEDYNE TECHNOLOGIES INC COM	2009-09-28	2011-06-23
	25. TELENOR ASA ADR	2011-03-24	2011-07-01
	25. TELENOR ASA ADR	2011-06-23	2011-09-13
	40. TENCENT HOLDINGS LIMITED LTD UNSPONS ADR	2009-09-28	2011-09-13
	100. TESCO CORP	2010-09-13	2011-09-13
	10. TEVA PHARMACEUTICAL INDS LTD ADR	2009-09-28	2011-09-13
	10. TEXAS INSTRUMENTS INCORPORATED	2011-01-19	2011-07-01
	5. THERMO ELECTRON COMMON	2011-01-19	2011-09-13
	20. TIDEWATER INC COMMON	2011-06-23	2011-09-13
	15. FINA S A SPONSORED	2009-09-28	2011-07-01
	6. TOYOTA MOTOR CORP ADR 2	2009-09-28	2011-07-01
	16. TOYOTA MOTOR CORP ADR 2	2009-09-28	2011-09-13
	45. TREEHOUSE FOODS INC COMMON	2011-03-24	2011-09-13
	40. US BANCORP	2009-09-28	2010-11-10
	40. US BANCORP	2009-09-28	2011-01-19
	100. UNILEVER PLC-SPONSORED ADR	2009-09-28	2011-03-24
	40. UNILEVER N V NY SHS NEW F	2011-06-23	2011-09-13
	60. UNITED RENTALS INC	2011-01-19	2011-09-13
	14. V F CORP COMMON	2010-11-10	2011-06-23
	15. V F CORP COMMON	2009-12-29	2011-06-23
	40. VALE SA SP ADR	2009-09-28	2011-06-23
	50. VALE SA SP PREF ADR	2009-09-28	2011-09-13
	50. VALSPAR CORP COMMON	2009-09-28	2011-01-19
	40. VARIAN SEMICONDUCTOR EQUIPMENT ASSOC	2011-01-19	2011-06-23
	30. VERISIGN INC COMMON	2011-06-23	2011-09-13
	30. VESTAS WIND SYSTEMS A/S ADR	2009-09-28	2011-07-01
	100. VESTAS WIND SYSTEMS A/S ADR	2010-11-10	2011-09-13
	60. VIRGIN MEDIA INC COMMON	2010-09-13	2011-03-24
	70. VODAFONE GROUP PLC NEW SP ADR	2009-09-28	2010-11-10
	50. VODAFONE GROUP PLC NEW SP ADR	2009-09-28	2011-01-19
	25. WAL MART STORES INCORPORATED	2009-12-29	2011-07-01
	40. WAL-MART DE MEXICO	2011-03-24	2011-07-01
	60. WASTE CONNECTIONS	2009-09-28	2011-03-24
	40. WASTE CONNECTIONS	2011-06-23	2011-09-13
	10. WELLS FARGO & CO NEW	2009-09-28	2011-09-13
	12. WESTPAC BANKING LTD COM	2009-09-28	2011-09-13
	20. WHITING PETROLEUM CORP COMMON	2009-09-28	2011-03-24
	25. JOHN WILEY & SONS INC. CLASS A	2010-11-10	2011-09-13
	30. JOHN WILEY & SONS INC. CLASS A	2009-09-28	2011-09-13
	40. WOLVERINE WORLD WIDE INC COMMON	2009-09-28	2011-01-19
	30. WOLVERINE WORLD WIDE INC COMMON	2009-09-28	2011-09-13
	70. WYNDHAM WORLDWIDE CORP	2011-03-24	2011-09-13
	10. CREDICORP LTD COM	2009-09-28	2011-01-19
	60. COVIDIEN PLC	2010-09-13	2011-03-24
	15. ENSTAR GROUP LTD	2009-09-28	2011-03-24
	25. INGERSOLL-RAND PLC	2010-11-10	2011-01-19
	50. NABORS INDUSTRIES LTD. COMMON	2011-03-24	2011-06-23
	100. XL CAPITAL LTD		2011-03-24
	20. ALLIED WORLD ASSURANCE COMPANY HOLDINGS	2010-09-13	2011-09-13
	60. LOGITECH INTERNATIONAL S.A.	2011-03-24	2011-06-23
	30. LOGITECH INTERNATIONAL S.A.	2009-09-28	2011-06-23
	60. TE CONNECTIVITY LTD	2010-04-28	2011-09-13
	35. TYCO INTERNATIONAL LTD	2010-04-28	2011-06-23
	25. TYCO INTERNATIONAL LTD	2010-04-28	2011-09-13
	10. MILLICOM INTL CELLULAR S.A. COMMON	2009-09-28	2011-06-23
	20. CHECKPOINT SOFTWARE TECHNOLOGY COMMON	2011-01-19	2011-07-01

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,287	1,019	268
b	2,344	2,649	-305
c	2,055	1,961	94
d	1,324	981	343
e	1,369	1,169	200
	770	1,228	-458
	2,564	2,130	434
	981	1,246	-265
	1,751	1,162	589
	1,589	1,209	380
	754	1,110	-356
	1,395	1,054	341
	2,432	3,378	-946
	37,075	35,543	1,532
	1,126	704	422
	1,210	704	506
	2,615	2,276	339
	502	456	46
	1,106	1,227	-121
	1,365	1,226	139
	1,638	1,130	508
	33	32	1
	1,281	1,216	65
	1,283	1,120	163
	425	448	-23
	1,503	1,317	186
	39	40	-1
	384	317	67
	2,687	1,782	905
	599	917	-318
	355	729	-374
	1,817	477	1,340
	1,088	273	815
	2,434	2,039	395
	1,828	1,520	308
	11,261	10,744	517
	232	260	-28
	550	781	-231
	1,245	1,088	157
	1,789	2,125	-336
	596	1,045	-449
	756	1,663	-907
	988	932	56
	818	1,160	-342
	302	663	-361
	1,164	1,156	8
	562	1,118	-556
	491	1,012	-521
	1,038	894	144
	501	497	4
	661	1,098	-437
	472	1,176	-704
	3,346	3,750	-404
	791	1,124	-333
	947	989	-42
	1,588	1,911	-323
	1,058	1,092	-34
	1,138	918	220
	1,296	1,049	247
	3,101	2,637	464
	1,114	1,039	75
	1,114	1,105	9
	856	734	122
	1,203	1,002	201
	884	969	-85
	811	1,059	-248
	3,097	2,811	286
	1,379	1,411	-32
	1,359	1,411	-52
	846	1,121	-275
	1,396	1,310	86
	2,100	2,081	19
	2,563	2,563
	1,022	951	71
	1,487	1,151	336
	755	748	7
	483	525	-42
	1,449	2,147	-698
	952	870	82
	1,238	1,020	218
	1,301	1,020	281
	1,470	1,542	-72
	923	1,035	-112
	1,175	1,133	42
	923	755	168
	1,567	1,145	422
	2,363	1,603	760
	1,094	2,426	-1,332
	816	1,946	-1,130
	1,002	986	16
	1,277	1,061	216
	1,406	1,332	74
	755	1,065	-310
	1,179	1,275	-96
	1,468	1,134	334
	1,497	992	505
	1,252	1,134	118
	1,739	1,124	615
	1,739	1,074	665
	2,246	1,564	682
	1,778	1,280	498
	1,060	1,216	-156
	636	580	56
	2,088	2,455	-367
	2,363	1,643	720
	983	657	326
	475	472	3
	544	708	-164
	602	825	-223
	1,118	789	329
	1,730	1,184	546
	1,185	1,047	138
	583	1,063	-480
	717	984	-267
	1,196	1,108	88
	1,937	1,745	192
	1,073	1,035	38
	2,963	2,163	800
	1,079	1,054	25
	39,491	38,120	1,371
	1,273	1,206	67
	1,214	1,206	8
	1,116	984	132
	2,169	1,721	448
	1,316	1,314	2
	542	896	-354
	93	136	-43
	589	952	-363
	1,039	1,135	-96
	1,072	1,180	-108
	2,545	1,879	666
	1,103	1,020	83
	927	1,223	-296
	1,187	1,682	-495
	847	1,166	-319
	1,462	1,449	13
	918	690	228
	671	527	144
	1,192	1,051	141
	1,376	1,555	-179
	1,084	1,168	-84
	1,610	1,847	-237
	1,064	1,097	-33
	3,190	2,232	958
	1,259	1,073	186
	1,016	2,150	-1,134
	701	1,019	-318
	1,903	1,980	-77
	1,374	1,104	270
	979	1,138	-159
	1,241	1,693	-452
	2,378	2,001	377
	1,307	1,240	67
	1,053	1,164	-111
	946	773	173
	1,092	774	318
	2,448	1,548	900
	845	1,019	-174
	1,364	965	399
	1,466	1,393	73
	1,143	1,133	10
	1,184	1,158	26
	1,184	1,133	51
	1,969	1,458	511
	1,140	1,136	4
	1,877	1,606	271
	1,000	962	38
	1,431	2,237	-806
	1,702	1,594	108
	1,073	1,196	-123
	981	1,333	-352
	1,746	888	858
	900	1,130	-230
	540	752	-212
	1,697	2,232	-535
	1,165	1,054	111
	929	1,205	-276
	2,379	1,837	542
	1,416	1,004	412
	1,116	1,111	5
	1,154	1,139	15
	676	789	-113
	1,550	2,137	-587
	415	553	-138
	216	468	-252
	945	1,015	-70
	1,178	1,234	-56
	334	415	-81
	342	623	-281
	491	824	-333
	853	1,024	-171
	626	999	-373
	1,509	1,507	2
	775	753	22
	337	375	-38
	1,052	971	81
	1,272	1,294	-22
	1,220	1,731	-511
	2,081	2,090	-9
	3,280	3,150	130
	1,135	1,386	-251
	1,331	1,321	10
	1,422	1,061	361
	908	1,114	-206
	468	602	-134
	1,288	1,097	191
	597	596	1
	600	985	-385
	1,920	1,331	589
	385	371	14
	1,521	1,574	-53
	1,101	1,147	-46
	1,516	1,236	280
	565	542	23
	1,436	1,063	373
	1,568	1,063	505
	2,687	3,094	-407
	842	1,062	-220
	16,415	16,454	-39
	999	967	32
	875	666	209
	4,533	2,995	1,538
	966	931	35
	677	909	-232
	393	682	-289
	1,164	817	347
	74,303	56,927	17,376
	1,654	2,242	-588
	1,510	1,735	-225
	2,867	2,541	326
	1,409	1,043	366
	15	15
	1,530	1,946	-416
	911	934	-23
	819	1,024	-205
	1,675	1,619	56
	1,464	1,018	446
	20	14	6
	2,048	1,567	481
	1,065	692	373
	1,337	933	404
	1,360	1,166	194
	1,699	1,026	673
	2,110	1,156	954
	1,375	1,082	293
	1,236	983	253
	1,281	1,172	109
	1,179	1,099	80
	1,092	782	310
	1,606	1,173	433
	2,480	2,298	182
	2,144	2,311	-167
	990	1,010	-20
	1,380	971	409
	498	626	-128
	718	1,055	-337
	1,078	1,161	-83
	961	867	94
	1,439	1,347	92
	1,393	1,181	212
	1,501	925	576
	1,370	1,410	-40
	725	595	130
	334	502	-168
	1,435	1,159	276
	2,632	2,440	192
	1,587	974	613
	820	1,126	-306
	1,211	1,036	175
	1,470	876	594
	1,417	1,141	276
	834	853	-19
	1	1
	712	833	-121
	1,432	1,729	-297
	653	442	211
	1,147	1,009	138
	1,418	1,621	-203
	1,581	1,265	316
	1,423	1,087	336
	1,231	1,223	8
	1,147	1,145	2
	913	645	268
	1,427	1,131	296
	380	518	-138
	335	344	-9
	258	283	-25
	1,054	1,004	50
	865	900	-35
	498	487	11
	1,100	1,298	-198
	2,451	2,487	-36
	1,006	881	125
	1,059	881	178
	3,009	2,816	193
	1,215	1,256	-41
	982	1,561	-579
	1,443	1,121	322
	1,546	1,110	436
	1,213	921	292
	1,219	1,029	190
	1,794	1,407	387
	2,452	1,697	755
	883	977	-94
	247	724	-477
	559	1,077	-518
	1,612	1,307	305
	1,964	1,622	342
	1,420	1,158	262
	1,338	1,353	-15
	1,192	1,181	11
	1,687	1,145	542
	1,349	1,242	107
	244	285	-41
	1,204	1,384	-180
	1,384	566	818
	1,137	1,083	54
	1,365	1,022	343
	1,249	1,001	248
	1,070	751	319
	2,130	2,176	-46
	1,125	764	361
	3,100	2,242	858
	1,425	934	491
	1,162	1,015	147
	1,158	1,432	-274
	2,277	2,060	217
	1,064	1,069	-5
	642	1,113	-471
	321	562	-241
	1,697	1,864	-167
	1,613	1,391	222
	1,033	993	40
	1,022	739	283
	1,128	932	196

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			268
b			-305
c			94
d			343
e			200
			-458
			434
			-265
			589
			380
			-356
			341
			-946
			1,532
			422
			506
			339
			46
			-121
			139
			508
			1
			65
			163
			-23
			186
			-1
			67
			905
			-318
			-374
			1,340
			815
			395
			308
			517
			-28
			-231
			157
			-336
			-449
			-907
			56
			-342
			-361
			8
			-556
			-521
			144
			4
			-437
			-704
			-404
			-333
			-42
			-323
			-34
			220
			247
			464
			75
			9
			122
			201
			-85
			-248
			286
			-32
			-52
			-275
			86
			19

			71
			336
			7
			-42
			-698
			82
			218
			281
			-72
			-112
			42
			168
			422
			760
			-1,332
			-1,130
			16
			216
			74
			-310
			-96
			334
			505
			118
			615
			665
			682
			498
			-156
			56
			-367
			720
			326
			3
			-164
			-223
			329
			546
			138
			-480
			-267
			88
			192
			38
			800
			25
			1,371
			67
			8
			132
			448
			2
			-354
			-43
			-363
			-96
			-108
			666
			83
			-296
			-495
			-319
			13
			228
			144
			141
			-179
			-84
			-237
			-33
			958
			186
			-1,134
			-318
			-77
			270
			-159
			-452
			377
			67
			-111
			173
			318
			900
			-174
			399
			73
			10
			26
			51
			511
			4
			271
			38
			-806
			108
			-123
			-352
			858
			-230
			-212
			-535
			111
			-276
			542
			412
			5
			15
			-113
			-587
			-138
			-252
			-70
			-56
			-81
			-281
			-333
			-171
			-373
			2
			22
			-38
			81
			-22
			-511
			-9
			130
			-251
			10
			361
			-206
			-134
			191
			1
			-385
			589
			14
			-53
			-46
			280
			23
			373
			505
			-407
			-220
			-39
			32
			209
			1,538
			35
			-232
			-289
			347
			17,376
			-588
			-225
			326
			366

			-416
			-23
			-205
			56
			446
			6
			481
			373
			404
			194
			673
			954
			293
			253
			109
			80
			310
			433
			182
			-167
			-20
			409
			-128
			-337
			-83
			94
			92
			212
			576
			-40
			130
			-168
			276
			192
			613
			-306
			175
			594
			276
			-19

			-121
			-297
			211
			138
			-203
			316
			336
			8
			2
			268
			296
			-138
			-9
			-25
			50
			-35
			11
			-198
			-36
			125
			178
			193
			-41
			-579
			322
			436
			292
			190
			387
			755
			-94
			-477
			-518
			305
			342
			262
			-15
			11
			542
			107
			-41
			-180
			818
			54
			343
			248
			319
			-46
			361
			858
			491
			147
			-274
			217
			-5
			-471
			-241
			-167
			222
			40
			283
			196

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	41,973
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	42,999	739,940	0.058111
2008	46,569	667,790	0.069736
2007	46,302	844,707	0.054814
2006	43,179	881,955	0.048958
2005	45,635	842,140	0.054189

2	Total of line 1, column (d) ......................	2	0.285809
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	0.057162
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	778,570
5	Multiply line 4 by line 3.......................	5	44,505
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	540
7	Add lines 5 and 6.........................	7	45,045
8	Enter qualifying distributions from Part XII, line 4..............	8	37,500
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,080
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	1,080
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	1,080
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	104
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	104
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	976
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

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

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

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

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

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING AND TRUST COMPANY Telephone no. bullet

(252) 246-4027

Located at bullet

223 W NASH STWILSONNC ZIP+4 bullet

27893

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

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

At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2010?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2010.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 1	11,718
PO BOX 2907 WILSON,NC278942907	TRUSTEE 1	11,718

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

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

purposes:

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

790,426

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

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

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

790,426

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

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

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

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

790,426

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

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

11,856

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

778,570

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

38,929

Part XI

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

and do not complete this part.)

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

38,929

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

1,080

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

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

1,080

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

37,849

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

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

37,849

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

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

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

37,849

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

37,500

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

37,500

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

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

37,500

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7					37,849
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				0
b Total for prior years:2008, 20, 20			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	1,863
b From 2006.......	190
c From 2007.......	5,077
d From 2008.......	13,473
e From 2009.......	6,204
fTotal of lines 3a through e.........		26,807
4Qualifying distributions for 2010 from Part
XII, line 4: $ 37,500
a Applied to 2009, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2010 distributable amount.....					37,500
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2010.		349			349
(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		26,458
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........		0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		1,514
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		24,944
10 Analysis of line 9:
a Excess from 2006....	190
b Excess from 2007....	5,077
c Excess from 2008....	13,473
d Excess from 2009....	6,204
e Excess from 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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

NONE

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

NONE

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

Check here bullet

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

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

BRANCH BANKING AND TRUST COMPANY
223 WEST NASH ST
WILSON,NC27893
(252) 246-4633

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

APPLICATION/PHOTOGRAPH

cAny submission deadlines:

NONE

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

WASHINGTON COUNTY, NC RESIDENT - 4 YEAR COLLEGE AND FINANCIAL NEED

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
DANIEL G OLIVER ST ANDREWS PRESBYTERIAN COLLEGE 1700 DOGWOOD MILE LAURINBURG,NC28352	NONE	N/A	COLLEGE SCHOLARSHIP	3,750
ALEX A HODGES UNC - CHAPEL HILL CB 2200 JACKSON HALL CHAPEL HILL,NC275992200	NONE	N/A	COLLEGE SCHOLARSHIP	3,650
BRITANY MARIE STANLEY EAST FIFTH STREET GREENVILLE,NC27858	NONE	N/A	COLLEGE SCHOLARSHIP	7,400
MICHELLE BASNIGHT UNC - CHAPEL HILL CB 2200 JACKSON HALL CHAPEL HILL,NC275992200	NONE	N/A	COLLEGE SCHOLARSHIP	7,400
CHELSEA MIZELL CAMPBELL UNIVERSITY PO BOX 567 BUIES CREEK,NC27506	NONE	N/A	COLLEGE SCHOLARSHIP	3,650
EBONY HEDGEBETH UNC - CHAPEL HILL CB 2200 JACKSON HALL CHAPEL HILL,NC275992200	NONE	N/A	COLLEGE SCHOLARSHIP	7,400
BROOKE N GURGANUS EAST CAROLINA UNIVERSITY 455 NC HWY 45 SOUTH PLYMOUTH,NC27962	NONE	N/A	COLLEGE SCHOLARSHIP	3,750
Total ................................. 3a				37,000

bApproved for future payment

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

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	23,744
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	41,973
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)..				65,717

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

1365,717

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
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Form 990PF - Special Condition Description:

Special Condition Description