Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
WELBORN BAPTIST FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)TWENTY-ONE SOUTHEAST THIRD STREETROOM/SUITE 610Room/suite
City or town, state, and ZIP code
EVANSVILLE, IN477081418
A Employer identification number

35-2056722
B Telephone number (see page 10 of the instructions)

(812) 437-8260
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$107,538,027J 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) 325,000
2 Check bullet
3 Interest on savings and temporary cash investments 232 232  
4 Dividends and interest from securities...... 3,443,964 3,443,964  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,222,725
b Gross sales price for all assets on line 6a 60,555,946
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 126,569    
12 Total. Add lines 1 through 11........ 5,118,490 3,444,196  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 175,674 832   172,981
14 Other employee salaries and wages...... 511,572 1,212   506,464
15 Pension plans, employee benefits....... 213,819 156   213,819
16a Legal fees (attach schedule)......... Click to see attachment 7,214     7,214
b Accounting fees (attach schedule)....... Click to see attachment 11,263     11,388
c Other professional fees (attach schedule).... Click to see attachment 247,715 178,295   230,615
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 255,649     31,128
19 Depreciation (attach schedule) and depletion... Click to see attachment 52,864    
20 Occupancy.............. 176,315     171,629
21 Travel, conferences, and meetings....... 65,881     65,881
22 Printing and publications.......... 32,529     32,529
23 Other expenses (attach schedule)....... Click to see attachment 139,497     143,334
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,889,992 180,495   1,586,982
25 Contributions, gifts, grants paid........ 3,266,784 2,723,317
26 Total expenses and disbursements. Add lines 24 and 25 5,156,776 180,495   4,310,299
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -38,286
b Net investment income (if negative, enter -0-) 3,263,701
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 100 100 100
2 Savings and temporary cash investments.......... 851,282 729,644 729,644
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 31,017 30,671 30,671
10a Investments—U.S. and state government obligations (attach schedule) 7,101,531 Click to see attachment7,402,643 7,381,719
b Investments—corporate stock (attach schedule)........ 75,902,140 Click to see attachment68,390,513 70,653,812
c Investments—corporate bonds (attach schedule)........ 19,020,055 Click to see attachment28,167,871 28,252,194
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet551,106
Less: accumulated depreciation (attach schedule) bullet227,650 353,300 Click to see attachment323,456 323,456
15 Other assets (describe bullet) Click to see attachment1,283,263 Click to see attachment166,431 Click to see attachment166,431
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 104,542,688 105,211,329 107,538,027
Liabilities 17 Accounts payable and accrued expenses.......... 91,300 114,876
18 Grants payable................... 2,825,571 3,369,038
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment194 Click to see attachment140,078
23 Total liabilities (add lines 17 through 22).......... 2,917,065 3,623,992
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 101,625,623 101,587,337
30 Total net assets or fund balances (see page 17 of the
instructions).................... 101,625,623 101,587,337
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 104,542,688 105,211,329
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)............... 1 101,625,623
2 Enter amount from Part I, line 27a...................... 2 -38,286
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 101,587,337
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 101,587,337
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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 4,711,889 83,643,154 0.056333
2008 6,259,468 103,064,748 0.060733
2007 4,802,641 117,885,825 0.040740
2006 4,442,734 109,223,370 0.040676
2005 4,133,362 103,015,662 0.040124
2 Total of line 1, column (d) ...................... 2 0.238606
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 0.047721
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 97,696,570
5 Multiply line 4 by line 3....................... 5 4,662,178
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 32,637
7 Add lines 5 and 6......................... 7 4,694,815
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,312,695
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 65,274
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 65,274
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 65,274
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 31,128
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,128
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 34,146
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 taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
Yes
 
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)bulletIN
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WELBORNFDN.ORG
    14
    The books are in care ofbulletKEVIN BAIN Telephone no.bullet (812) 437-8260
    Located atbullet21 SE THRID ST SUITE 610EVANSVILLEIN ZIP+4bullet477081418
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    W HAROLD CALLOWAYClick to see attachment SECRETARY
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    LISA N COLLINSClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    JOHN M DUNN
    JOHN M DUNNClick to see attachment     		BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    RITA EYKAMPClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    C MARK HUBBARDClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    THOMAS KAZEEClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    E LYNN JOHNSONClick to see attachment CHAIRMAN
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    MARILYN KLENDK
    MARILYN KLENCKClick to see attachment     		BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    DAVID L KNAPPClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    CONNIE K NASSClick to see attachment TREASURER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    JOHN D PULCINI MD FACSClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    ELLIS S REDDClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    RONALD ROMAINClick to see attachment 1ST VICE-CHA
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    DANIEL SCHENKClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    JALEIGH J WHITEClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    KEVIN BAINClick to see attachment EXEC. DIR.
    40.00     		175,674 123,560 0
    21 SE THIRD ST
    SUITE 310
    EVANSVILLE,IN47708
    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
    GARY BAUERClick to see attachment CFO
    40.00     		104,956 20,809  
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    PATRICK JACKSONClick to see attachment PROG OFFICER
    40.00     		68,363 17,293  
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    RHONDA MEADEClick to see attachment PROGRAM DIR
    40.00     		70,298 9,493  
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    ANDREA HAYSClick to see attachment PROGRAM DIRE
    40.00     		66,532 14,309  
    21 SE THIRD STREET SUITE 610
    EVANSVILLE,IN477081418
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    DIMEO SCHNEIDER ASSOC LLC INVESTMENT 79,371
    500 WEST MADISON STREET
    CHICAGO,IL60661
    METROPOLITAN WEST ASSET MGMT INVESTMENT 72,584
    11766 WILSHIRE BOULEVARD
    SUITE 1580
    LOS ANGELES,CA90025
    INDIANA YOUTH INSTITUTE PROGRAM SUPPORT 61,829
    603 EAST WASHINGTON STREET
    SUITE 800
    INDIANAPOLIS,IN46204
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    98,957,418
    b
    Average of monthly cash balances.......................
    1b
    226,917
    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
    99,184,335
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    99,184,335
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    1,487,765
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    97,696,570
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    4,884,829
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,884,829
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    65,274
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    65,274
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,819,555
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    4,819,555
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    4,819,555
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,310,299
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    2,396
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,312,695
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    4,312,695
    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 4,819,555
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008....... 1,220,654
    e From 2009....... 558,443
    fTotal of lines 3a through e......... 1,779,097
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 4,312,695
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 4,312,695
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010. 506,860 506,860
    (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 1,272,237
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		1,272,237
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 713,794
    d Excess from 2009.... 558,443
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    KEVIN R BAIN
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    (812) 437-8260
    bThe form in which applications should be submitted and information and materials they should include:
    VISIT WWW.WELBORNFDN.ORG FOR THIS INFORMATION
    cAny submission deadlines:
    WILL BE PUBLISHED ANNUALLY AT WWW.WELBORNFDN.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SW INDIANA, SE ILLINOIS AND HENDERSON KY. SEE WEB PAGE.
    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
    MARIAN DAY SCHOOL
    520 S BENNINGHOF AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 25,000
    UNIVERSITY OF SOUTHERN IN
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		N/A PUBLIC COMMUNITY HEALTH STATUS 816
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 200,000
    BOYS AND GIRLS CLUB OF EV
    700 E BELLEMEADE AVE
    EVANSVILLE,IN47719     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 100,000
    EVANSVILLE -VANDERBURGH S
    1 SE NINTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 3,210
    UNITED WAY OF PERRY COUNT
    PO BOX 73
    TELL CITY,IN47586     		N/A PUBLIC COMMUNITY HEALTH STATUS 25,154
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 150,159
    CHURCHES EMBRACING OFFEND
    304 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 5,149
    YOUTH RESOURCES OF SOUTHW
    PO BOX 3635
    EVANSVILLE,IN47735     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 12,802
    HOLLY'S HOUSE INC
    PO BOX 4125
    EVANSVILLE,IN47724     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,370
    EVANSVILLE-VANDERBURGH SC
    1 SE NINTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 123,884
    EVANSVILLE-VANDERBURGH SC
    1 SE NINTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 31,299
    PERRY CENTRAL ELEMENTARY
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 13,159
    JOSHUA ACADEMY
    867 E WALNUT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,848
    ST PHILIP CATHOLIC SCHOO
    3500 ST PHILIP ROAD S
    MT VERNON,IN47620     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,957
    WOOD MEMORIAL JR HIGH
    954A SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,385
    WILLIAM TELL ELEMENTARY
    1235 31ST STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,943
    CEDAR CREST INTERMEDIATE
    4770 SOUTH STATE RD 162
    HUNTINGBURG,IN47542     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,257
    SOUTH ELEMENTARY SCHOOL
    715 W 3RD STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 9,675
    SOUTH MIDDLE SCHOOL
    800 ALVES STREET
    HENDERSON,KY42420     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,785
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 63,607
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 28,888
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 24,491
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 31,390
    DEACONESS FAMILY MEDICINE
    515 READ STREET
    EVANSVILLE,IN47710     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 51,539
    ECHO COMMUNITY HEALTH CAR
    501 JOHN STREET SUITE 12
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 60,000
    ST MARY'S FOUNDATION
    3700 WASHINGTON AVENUE
    EVANSVILLE,IN47750     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 10,000
    CHURCHES EMBRACING OFFEND
    304 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 35,000
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 12,500
    GOOD NEWS JAIL & PRISON M
    380 BORAX DRIVE
    HENDERSON,KY42420     		N/A PUBLIC FAITH BASED 41,000
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 18,445
    ST VINCENT'S DAY CARE CE
    730 WEST DELAWARE ST
    EVANSVILLE,IN47710     		N/A PUBLIC FAITH BASED 20,000
    YOUNG WOMEN'S CHRISTIAN A
    118 VINE STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 25,000
    NEW HOPE DEVELOPMENT CORP
    663 SOUTH ELLIOTT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 82,500
    YOUTH FIRST INC
    3220 E MORGAN AVE
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 213,413
    HOLLY'S HOUSE INC
    PO BOX 4125
    EVANSVILLE,IN47724     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 15,190
    SBHP - EVALUATIONS
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 24,094
    TRI-STATE BUSINESS GROUP
    8437 BELL OAKS DRIVE
    NEWBURGH,IN47630     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 33,334
    ST VINCENT'S DAY CARE CE
    730 WEST DELAWARE ST
    EVANSVILLE,IN47710     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 9,000
    METHODIST TEMPLE
    2109 LINCOLN AVE
    EVANSVILLE,IN47714     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 9,000
    FIRST CHRISTIAN CHURCH N
    4544 OLD STATE ROAD
    NEWBURGH,IN47630     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 11,887
    TO BE DETERMINED
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 23,152
    TO BE DETERMINED
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 15,860
    TO BE DETERMINED
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 65,069
    YOUTH RESOURCES OF SOUTHW
    PO BOX 3635
    EVANSVILLE,IN47735     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 2,500
    YOUTH RESOURCES OF SOUTHW
    PO BOX 3635
    EVANSVILLE,IN47735     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 5,000
    JOSHUA ACADEMY
    867 E WALNUT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 31,528
    PERRY CENTERAL ELEMENTARY
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 30,973
    ST PHILIP CATHOLIC SCHOO
    3500 ST PHILIP ROAD S
    MT VERNON,IN47620     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 32,856
    WILLIAM TELL ELEMENTARY
    1235 31ST STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 30,339
    WOOD MEMORIAL JR HIGH
    954A SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 33,210
    CEDAR CREST INTERMEDIATE
    4770 SOUTH STATE RD 162
    HUNTINGBURG,IN47542     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 25,443
    SOUTH ELEMENTARY SCHOOL
    715 W 3RD STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 26,049
    SOUTH MIDDLE SCHOOL
    800 ALVES STREET
    HENDERSON,KY42420     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 29,675
    LUCE ELEMENTARY
    1057 NORTH COUNTY ROAD
    RICHLAND,IN47634     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 15,022
    NORRIS CITY - OMAHA ELEME
    580 US 45
    NORRIS CITY,IL62869     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 15,040
    AIDS RESOURCE GROUP
    OLD COURTHOUSE SUITE B7
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY HEALTH STATUS 25,000
    DEACONESS FAMILY MEDICINE
    515 READ STREET
    EVANSVILLE,IN47710     		N/A PUBLIC COMMUNITY HEALTH STATUS 16,250
    YMCA OF SOUTHWESTERN INDI
    222 NW SIXTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY HEALTH STATUS 10,000
    ECHO COMMUNITY HEALTH CAR
    315 MULBERRY ST
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 10,000
    GREATER EVANSVILLE RUNNER
    PO BOX 3835
    EVANSVILLE,IN47736     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,320
    HOSPITALITY & OUTREACH FO
    123 MAIN ST
    EVANSVILLE,IN47710     		N/A PUBLIC COMMUNITY HEALTH STATUS 15,000
    MATTHEW 25 AIDS SERVICES
    452 OLD CORYDON ROAD
    HENDERSON,KY42420     		N/A PUBLIC COMMUNITY HEALTH STATUS 8,750
    LITTLE COMPANY OF MARY HO
    800 W 9TH STREET
    JASPER,IN47546     		N/A PUBLIC COMMUNITY HEALTH STATUS 20,000
    NATIVITY CATHOLIC CHURCH
    3635 POLLACK AVENUE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 14,500
    ST MARY'S FOUNDATION
    3700 WASHINGTON AVENUE
    EVANSVILLE,IN47750     		N/A PUBLIC COMMUNITY HEALTH STATUS 120,000
    TULIP TREE HEALTH SERVICE
    123 N MCCREARY ST
    FT BRANCH,IN47648     		N/A PUBLIC COMMUNITY HEALTH STATUS 13,750
    DEACONESS FOUNDATION
    600 MARY ST
    EVANSVILLE,IN47747     		N/A PUBLIC COMMUNITY HEALTH STATUS 65,000
    ST VINCENT'S DAY CARE CE
    730 WEST DELAWARE ST
    EVANSVILLE,IN47710     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 10,000
    UNITED WAY OF SOUTHWESTER
    PO BOX 18
    EVANSVILLE,IN47701     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 16,500
    UNITED WAY OF SOUTHWESTER
    PO BOX 18
    EVANSVILLE,IN47701     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 6,250
    EVANSVILLE AREA COMMUNITY
    2001 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 20,000
    EVANSVILLE AREA COMMUNITY
    2001 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 8,000
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 10,000
    FIRST BAPTIST CHURCH MT
    130 WEST 6TH ST
    MT CARMEL,IL62863     		N/A PUBLIC FAITH BASED 7,500
    GOOD NEWS JAIL & PRISON M
    3500 N HARLAN AVE
    EVANSVILLE,IN47711     		N/A PUBLIC FAITH BASED 8,750
    CRISIS PREGNANCY CENTER O
    603 CENTER STREET
    HENDERSON,KY42420     		N/A PUBLIC FAITH BASED 14,800
    MEDIA MINISTRIES INC
    4630 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 7,500
    YOUNG LIFE
    8114 BURCH PARK DR
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 11,250
    POTTER'S WHEEL
    333 JEFFERSON AVE
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 8,500
    ST PAULS' UNITED METHODI
    46 S CALE ST
    POSEYVILLE,IN47633     		N/A PUBLIC FAITH BASED 20,000
    TTT CHRISTIAN YOUTH HOME
    13000 US HWY 41 N
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 7,500
    UNITED METHODIST YOUTH HO
    2521 N BURKHARDT RD
    EVANSVILLE,IN47715     		N/A PUBLIC FAITH BASED 6,250
    GUADALUPE CENTER
    511 E 4TH ST SUITE 1
    HUNTINGBURG,IN47542     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,500
    IVY TECH FOUNDATION INC
    3501 NORTH FIRST AVE
    EVANSVILLE,IN47710     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,500
    LAMPION CENTER
    655 S HEBRON AVE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 15,000
    LITTLE LAMBS
    609 SE SECOND ST
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 8,400
    MARRS TOWNSHIP VOLUNTEER
    4775 FORD RD
    MT VERNON,IN47620     		N/A PUBLIC COMMUNITY HEALTH STATUS 12,800
    SOUTH EVANSVILLE COMMUNIT
    756 LINE STREET
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 9,600
    VISITING NURSE ASSOCIATIO
    610 E WALNUT STREET
    EVANSVILLE,IN47734     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,500
    WADESVILLE CENTER TOWNSHI
    PO BOX 180
    WADESVILLE,IN47638     		N/A PUBLIC COMMUNITY HEALTH STATUS 15,000
    CARVER COMMUNITY ORGANIZA
    400 SE 8TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 15,000
    COUNSELING FOR CHANGE
    312 MARTIN LUTHER KING BL
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 6,500
    HILLCREST WASHINGTON YOUT
    2700 W INDIANA ST
    EVANSVILLE,IN47712     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 10,000
    HOLLY'S HOUSE INC
    PO BOX 4125
    EVANSVILLE,IN47724     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 6,250
    YOUNG WOMEN'S CHRISTIAN A
    118 VINE STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 50,000
    LAMPION CENTER
    655 S HEBRON AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 7,500
    MARIAN EDUCATIONAL OUTREA
    520 S BENNINGHOF AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 5,000
    OLD LIBERTY CHURCH PRESER
    701 OAK STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 7,000
    HOLY REDEEMER SCHOOL
    918-B WEST MILL ROAD
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 10,000
    YOUTH RESOURCES OF SOUTHW
    PO BOX 3635
    EVANSVILLE,IN47735     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 15,000
    YOUTH SERVICE BUREAU
    734 W DELAWARE ST
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 10,000
    OAK HILL BAPTIST CHURCH
    4615 OAK HILL ROAD
    EVANSVILLE,IN47711     		N/A PUBLIC HEALTH MINISTRIES 1,000
    ST JOSEPH CATHOLIC CHURC
    8 MAPLE ST
    DALE,IN47523     		N/A PUBLIC PARISH NURSING 450
    ST BENEDICT CATHEDRAL
    1328 LINCOLN AVE
    EVANSVILLE,IN47714     		N/A PUBLIC PARISH NURSING 450
    IN NONPROFIT RESOURCE NET
    PO BOX 18
    EVANSVILLE,IN47701     		N/A PUBLIC FUNDRAISING FOR SMALL NONPROFITS PRO 3,200
    EVSC FOUNDATOIN
    1 SE NINTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,000
    EVANSVILLE AREA FUNDRAISI
    PO BOX 114
    EVANSVILLE,IN47701     		N/A PUBLIC FUNDRAISING FOR SMALL NONPROFITS PRO 2,451
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 4,000
    Total .................................bullet 3a 2,723,317
    bApproved for future payment
    EVANSVILLE -VANDERBURGH S
    1 SE NINTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 177,380
    JOSHUA ACADEMY
    867 E WALNUT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 9,118
    PERRY CENTERAL ELEMENTARY
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 9,673
    ST PHILIP CATHOLIC SCHOO
    3500 ST PHILIP ROAD S
    MT VERNON,IN47620     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 7,790
    WILLIAM TELL ELEMENTARY
    1235 31ST STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 10,307
    WOOD MEMORIAL JR HIGH
    954A SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 7,435
    CEDAR CREST INTERMEDIATE
    4770 SOUTH STATE RD 162
    HUNTINGBURG,IN47542     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 12,935
    SOUTH ELEMENTARY SCHOOL
    715 W 3RD STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 12,329
    SOUTH MIDDLE SCHOOL
    800 ALVES STREET
    HENDERSON,KY42420     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 8,703
    LUCE ELEMENTARY
    1057 NORTH COUNTY ROAD
    RICHLAND,IN47634     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 7,748
    NORRIS CITY - OMAHA ELEME
    580 US 45
    NORRIS CITY,IL62869     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 7,730
    CPPW SCHOOL EVALUATION
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 81,399
    DEACONESS FAMILY MEDICINE
    515 READ STREET
    EVANSVILLE,IN47710     		N/A PUBLIC COMMUNITY HEALTH STATUS 48,750
    ECHO EOMMUNITY HEALTH CAR
    315 MULBERRY ST
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 30,000
    FERRELL HOSPTIAL COMMUNIT
    1201 PINE STREET
    ELDORADO,IL62930     		N/A PUBLIC COMMUNITY HEALTH STATUS 46,500
    MATTHEW 25 AIDS SERVICES
    452 OLD CORYDON ROAD
    HENDERSON,KY42420     		N/A PUBLIC COMMUNITY HEALTH STATUS 26,250
    TULIP TREE HEALTH SERVICE
    123 N MCCREARY STREET
    FT BRANCH,IN47648     		N/A PUBLIC COMMUNITY HEALTH STATUS 41,250
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 105,200
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 50,000
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 60,000
    COMMUNITY COORDINATED CHI
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 40,000
    ECHO COMMUNITY HEALTH CAR
    315 MULBERRY ST
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 50,000
    UNITED WAY OF SOUTHWESTER
    PO BOX 18
    EVANSVILLE,IN47701     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 18,750
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 30,000
    GOOD NEWS JAIL & PRISON M
    130 WEST 6TH ST
    MT CARMEL,IL62863     		N/A PUBLIC FAITH BASED 26,250
    MEDIA MINISTRIES INC
    4630 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 22,500
    YOUNG LIFE
    8114 BURCH PARK DR
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 33,750
    POTTER'S WHEEL
    333 JEFFERSON AVE
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 25,500
    TTT CHRISTIAN YOUTH HOME
    13000 US HWY 41 N
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 22,500
    UNITED METHODIST YOUTH HO
    2521 N BURKHARDT RD
    EVANSVILLE,IN47715     		N/A PUBLIC FAITH BASED 18,750
    EVANSVILLE CHRISTIAN LIFE
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 15,000
    GUADALUPE CENTER
    511 E 4TH STREET
    EVANSVILLE,IN47542     		N/A PUBLIC COMMUNITY HEALTH STATUS 22,500
    VISITING NURSE ASSOCIATIO
    610 E WALNUT STREET
    EVANSVILLE,IN47734     		N/A PUBLIC COMMUNITY HEALTH STATUS 22,500
    CARVER COMMUNITY ORGANIZA
    400 SE 8TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 45,000
    HILLCREST WASHINGTON YOUT
    2700 W INDIANA ST
    EVANSVILLE,IN47712     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,000
    HOLLY'S HOUSE INC
    PO BOX 4125
    EVANSVILLE,IN47724     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 28,750
    YOUNG WOMEN'S CHRISTIAN A
    118 VINE STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,000
    LAMPION CENTER
    655 S HEBRON AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 22,500
    MARIAN EDUCATIONAL OUTREA
    520 S BENNINGHOF AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 5,000
    MEDIA MINISTRIES INC
    4630 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 23,000
    NEW HOPE DEVELOPMENET COR
    663 SOUTH ELLIOTT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 80,000
    HOLY REDEEMER SCHOOL
    918-B WEST MILL ROAD
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,000
    YOUTH FIRST INC
    3420 E MORGAN AVE
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 310,000
    YOUTH SERVICE BUREAU
    734 W DELAWARE ST
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,000
    TO BE DETERMINED
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 119,931
    EVANSILLE MUSEUM OF ARTS
    411 E RIVERSIDE DRIVE
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 400,000
    Total ..................................bullet 3b 2,262,678
    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     14 232  
    4 Dividends and interest from securities....     14 3,443,964  
    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 1,222,725  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aDISCONTINUED OPERATIONS     18 1,352  
    bLEGAL SETTLEMENT     18 125,217  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   4,793,490  
    13Total. Add line 12, columns (b), (d), and (e)...................
    134,793,490
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
     
    Employer identification number

    35-2056722
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
          		Employer identification number

    35-2056722
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    OLD NATIONAL BANK    
    ONE MAIN STREET
       
    EVANSVILLE, IN   47708

    		$25,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    INDIANA STATE DEPT OF HEALTH    
    2 NORTH MERIDIAN STREET
       
    INDIANAPOLIS, IN   46204

    		$300,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
          		Employer identification number

    35-2056722
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
          		Employer identification number

    35-2056722
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL AUDIT 9,000     9,000
    JOURNAL ENTRY REVIEW 2,263     2,388

    TY 2010 CompensationExplanation
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Person Name Explanation
    W HAROLD CALLOWAY  
    LISA N COLLINS  
    JOHN M DUNN
    JOHN M DUNN     		 
    RITA EYKAMP  
    C MARK HUBBARD  
    THOMAS KAZEE  
    E LYNN JOHNSON  
    MARILYN KLENDK
    MARILYN KLENCK     		 
    DAVID L KNAPP  
    CONNIE K NASS  
    JOHN D PULCINI MD FACS  
    ELLIS S REDD  
    RONALD ROMAIN  
    DANIEL SCHENK  
    JALEIGH J WHITE  
    KEVIN BAIN  

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

    TY 2010 DepreciationSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER WORK STATIONS 2004-04-25 4,821 4,821 STRAIGHT LINE 5.0000        
    COMPUTER WORK STATION 2006-03-23 8,388 8,388 STRAIGHT LINE 3.0000        
    COMPUTER WORK STATION 2007-10-16 3,143 2,358 STRAIGHT LINE 3.0000 785      
    COMPUTER WORKSTATION 2008-05-15 2,744 1,525 STRAIGHT LINE 3.0000 915      
    COMPUTER WORKSTATION 2008-11-21 2,097 816 STRAIGHT LINE 3.0000 699      
    COMPUTER WORKSTATION 2009-02-20 2,816 861 STRAIGHT LINE 3.0000 939      
    COMPUTER WORKSTATION 2009-07-28 1,599 369 STRAIGHT LINE 3.0000 738      
    COMPUTER WORKSTATION 2010-04-23 2,396   STRAIGHT LINE 3.0000 599      
    COMPUTER WORKSTATION 2010-06-14 1,415   STRAIGHT LINE 3.0000 275      
    COMPUTER WEB SERVER 2004-04-25 824 824 STRAIGHT LINE 5.0000        
    COMPUTER WEB SERVER 2007-06-26 2,055 1,770 STRAIGHT LINE 5.0000 285      
    TELECOMMUNICATIONS EQUIPMENT 2004-04-25 5,608 5,608 STRAIGHT LINE 7.0000        
    TELECOMMUNICATIONS EQUIPMENT 2008-07-30 8,580 1,532 STRAIGHT LINE 7.0000 1,226      
    FURNITURE 2004-04-25 50,826 46,362 STRAIGHT LINE 10.0000 3,275      
    FURNITURE 2008-10-20 3,852 482 STRAIGHT LINE 10.0000 386      
    FURNITURE 2008-11-10 29,001 3,383 STRAIGHT LINE 10.0000 2,900      
    FURNITURE 2008-11-21 1,068 125 STRAIGHT LINE 10.0000 107      
    FURNITURE 2008-11-24 9,436 1,101 STRAIGHT LINE 10.0000 944      
    FURNITURE 2008-12-17 19,697 2,134 STRAIGHT LINE 10.0000 1,969      
    FURNITURE 2009-01-27 1,544 221 STRAIGHT LINE 10.0000 220      
    FURNITURE 2010-12-27 2,215   STRAIGHT LINE 10.0000        
    FURNISHINGS 2004-04-25 14,421 14,177 STRAIGHT LINE 10.0000 244      
    FURNISHINGS 2008-11-10 949 111 STRAIGHT LINE 10.0000 95      
    FURNISHINGS 2009-01-27 1,811 181 STRAIGHT LINE 10.0000 181      
    FURNISHINGS 2010-12-07 2,274   STRAIGHT LINE 10.0000 758      
    LEASEHOLD IMPROVEMENTS 2004-04-25 53,267 27,649 STRAIGHT LINE 15.0000 4,879      
    LEASEHOLD IMPROVEMENTS 2008-12-31 202,814 11,268 STRAIGHT LINE 15.0000 13,521      
    LEASEHOLD IMPROVEMENTS 2009-02-20 27,209 1,512 STRAIGHT LINE 15.0000 1,814      
    ELECTRONIC EQUIPMENT 2004-04-25     STRAIGHT LINE 5.0000        
    ELECTRONICS EQUIPMENT 2006-03-13 1,582 1,582 STRAIGHT LINE 3.0000        
    SOFTWARE 2004-04-25 514 514 STRAIGHT LINE 5.0000        
    SOFTWARE 2004-04-25 1,153 1,153 STRAIGHT LINE 3.0000        
    SOFTWARE 2009-01-09 4,666 1,555 STRAIGHT LINE 3.0000 1,555      
    SOFTWARE 2009-01-27 5,144 1,572 STRAIGHT LINE 3.0000 1,714      
    SOFTWARE 2009-12-31 1,065 30 STRAIGHT LINE 3.0000 355      
    SOFTWARE 2010-03-18 547   STRAIGHT LINE 3.0000 152      
    SOFTWARE 2010-04-21 10,180   STRAIGHT LINE 3.0000        
    COMPUTER OFFICE SERVER 2004-04-25 3,252 3,252 STRAIGHT LINE 5.0000        
    COMPUTER OFFICE SERVER 2005-04-11 6,156 5,540 STRAIGHT LINE 5.0000 616      
    COMPUTER OFFICE SERVER 2005-06-01 536 482 STRAIGHT LINE 5.0000 54      
    COMPUTER OFFICE SERVER 2007-12-26 1,278 887 STRAIGHT LINE 3.0000 391      
    COMPUTER OFFICE SERVER 2008-01-17 8,770 5,846 STRAIGHT LINE 3.0000 2,924      
    COMPUTER OFFICE SERVER 2008-07-29 5,650 1,695 STRAIGHT LINE 5.0000 1,130      
    COMPUTER OFFICE SERVER 2008-09-11 2,966 1,319 STRAIGHT LINE 3.0000 989      
    COMPUTER OFFICE SERVER 2009-02-10 4,737 1,447 STRAIGHT LINE 3.0000 1,579      
    COMPUTER OFFICE SERVER 2010-03-18 3,095   STRAIGHT LINE 3.0000 960      
    COMPUTER OFFICE SERVER 2010-04-07 896   STRAIGHT LINE 3.0000 224      
    PAINTINGS 2004-04-25 372 362 STRAIGHT LINE 10.0000 10      
    DRAPERIES 2004-04-25 1,095 1,095 STRAIGHT LINE 7.0000        
    TELEVISION & VCRS 2004-04-25 348 348 STRAIGHT LINE 5.0000        
    FAX MACHINE 2004-04-25 17 17 STRAIGHT LINE 5.0000        
    FAX MACHINE 2009-03-18 599 70 STRAIGHT LINE 5.0000 120      
    TYPEWRITER 2004-04-25 96 96 STRAIGHT LINE 5.0000        
    COPIER 2004-04-25 4,436 4,436 STRAIGHT LINE          
    COPIER 2008-06-11 11,289 2,554 STRAIGHT LINE 7.0000 1,612      
    OFFICE APPLIANCES 2004-04-25 172 172 STRAIGHT LINE 5.0000        
    OFFICE APPLIANCES 2007-10-01 1,400 630 STRAIGHT LINE 5.0000 280      
    OFFICE APPLIANCES 2008-10-29 2,225 556 STRAIGHT LINE 5.0000 445      

    TY 2010 EmployeeCompensationExpln
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Employee Explanation
    GARY BAUER  
    PATRICK JACKSON  
    RHONDA MEADE  
    ANDREA HAYS  

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

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
        PURCHASE                
    CONTINENTAL AIRLS PASS THRUPASS THR 2006-03 PURCHASE 2010-01   3,974 3,974        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2010-01   2,675 2,675        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2010-01   268 268        
    WFMBS 2006-4 2A23/1/2006 5.500 4/25 2006-08 PURCHASE 2010-01   5,138 4,905     233  
    AMERICAN AIRLINES INC7/8/2003 3.857 2004-08 PURCHASE 2010-01   6,219 6,219        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-01   3,187 3,187        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-01   10,903 10,903        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-01   4 4        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-01   9,373 9,373        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-01   5,204 5,204        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-01   7,867 7,867        
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-01   8,633 8,633        
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-01   8,295 8,295        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-01   2,948 2,948        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-01   2,458 2,458        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-01   10,837 10,837        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-01   2,875 2,875        
    FN 72542504/01/04 5.500 04/01/34 2008-02 PURCHASE 2010-01   314,054 291,604     22,450  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-01   705 705        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-01   3,274 3,274        
    CWALT INC06/23/05 3.610 08/25/35CL 2008-11 PURCHASE 2010-01   916 916        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-01   14,047 14,047        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-01   3,002 3,002        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-01   35 35        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-01   886 886        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-01   160 160        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-01   129 129        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-01   8,171 8,171        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-01   424 424        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-01   126 126        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-01   309 309        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-01   2,354 2,354        
    FN 72542504/01/04 5.500 04/01/34 2008-02 PURCHASE 2010-01   5,984 5,890     94  
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-01   276 276        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-01   2,388 2,388        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-01   2,815 2,815        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-01   1,925 1,925        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-01   3,066 3,066        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-01   1,056 1,056        
    J P MORGAN MTG TR07/01/05 5.440 08/ 2008-11 PURCHASE 2010-01   2,411 2,411        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-01   3,306 3,306        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-01   379 379        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-01   1,683 1,683        
    SOUNDVIEW HOME LN TR 2007-OPT410/11 2009-11 PURCHASE 2010-01   23,577 23,577        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-01   1,881 1,881        
    CPG PARTNERS LP1/26/2001 8.250 2/1/ 2005-04 PURCHASE 2010-01   203,775 218,785     -15,010  
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-01   4,347 4,347        
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-01   6 6        
    CONTINENTAL AIRLS PASS THRUPASS THR 2004-04 DONATION 2010-02   120,334 122,579     -2,245  
    RABOBANK USA FINL CORP DISCDISCOUNT 2009-12 PURCHASE 2010-02   314,928 314,928        
    BNP PARIBAS FIN INCDISCOUNT COMMERC 2009-12 PURCHASE 2010-02   334,953 334,953        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-02   3,292 3,292        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-02   4,010 4,010        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-02   16,669 16,669        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-02   2,582 2,582        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-02   7,977 7,977        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-02   4,475 4,475        
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-02   4,267 4,267        
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-02   2,080 2,080        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-02   2,128 2,128        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-02   1,900 1,900        
    U S TREASURY NOTE11/15/2008 3.750 1 2009-01 PURCHASE 2010-02   106,901 109,644     -2,743  
    U S TREASURY NOTE11/15/2008 3.750 1 2009-01 PURCHASE 2010-02   157,828 161,856     -4,028  
    U S TREASURY NOTE11/15/2008 3.750 1 2009-03 PURCHASE 2010-02   131,356 134,706     -3,350  
    MORGAN STANLEYDTD 01/18/06 VAR% DUE 2009-03 PURCHASE 2010-02   39,982 36,000     3,982  
    US TREASURY BILLDUE 02/18/10 2009-11 PURCHASE 2010-02   49,994 49,994        
    U S TREASURY NOTE11/15/2008 3.750 1 2009-01 PURCHASE 2010-02   17,267 17,752     -485  
    U S TREASURY NOTE11/15/2008 3.750 1 2009-01 PURCHASE 2010-02   40,659 41,769     -1,110  
    U S TREASURY NOTE06/30/09 2.750 06/ 2009-06 PURCHASE 2010-02   392,570 393,002     -432  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-02   218 218        
    G2 8149710/1/2005 VAR 10/20/2035 2005-12 PURCHASE 2010-02   1,160 1,160        
    U S TREASURY NOTE06/30/09 2.750 06/ 2009-06 PURCHASE 2010-02   76,408 76,559     -151  
    U S TREASURY NOTE06/30/09 2.750 06/ 2009-06 PURCHASE 2010-02   76,386 76,559     -173  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-02   1,428 1,428        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-02   1,517 1,517        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-02   4,767 4,767        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-02   1,549 1,549        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-02   3,919 3,919        
    FREDDIE MAC DISCOUNT NT3/2/2005 0.0 2010-02 PURCHASE 2010-02   399,969 399,969        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-02   17 17        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-02   1,013 1,013        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-02   22 22        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-02   2,265 2,265        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-02   2,375 2,375        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-02   17 17        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-02   129 129        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-02   6,389 6,389        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-02   656 656        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-02   6,643 6,643        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-02   1,424 1,424        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-02   4,646 4,646        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-02   50 50        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-02   62 62        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-02   255 255        
    J P MORGAN MTG TR07/01/05 5.440 08/ 2008-11 PURCHASE 2010-02   4,650 4,650        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-02   2,474 2,474        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-02   19,617 19,617        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-02   3,457 3,457        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-02   1,257 1,257        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-02   1,495 1,495        
    U S TREASURY NOTE06/30/09 2.750 06/ 2009-06 PURCHASE 2010-02   225,055 224,573     482  
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-02   2,996 2,996        
    CWALT INC06/23/05 3.610 08/25/35CL 2008-11 PURCHASE 2010-02   970 970        
    U S TREASURY NOTE06/30/09 2.750 06/ 2009-06 PURCHASE 2010-02   163,674 163,326     348  
    FREDDIE MAC DISCOUNT NT3/2/2005 0.0 2010-02 PURCHASE 2010-03   469,963 469,963        
    FEDERAL HOME LOAN DISCOUNT NOTEDUE 2010-02 PURCHASE 2010-03   654,953 654,953        
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-03   6 6        
    U S TREASURY NOTE06/30/09 2.750 06/ 2009-06 PURCHASE 2010-03   184,852 183,741     1,111  
    VERIZON COMMUNICATIONS INC NT03/27/ 2009-03 PURCHASE 2010-03   116,632 103,444     13,188  
    FED HOME LN DISCOUNT NTDUE 03/10/10 2010-03 PURCHASE 2010-03   909,998 909,998        
    JP MORGAN CHASE & CO04/23/09 6.300 2009-04 PURCHASE 2010-03   220,562 199,722     20,840  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-03   1,727 1,727        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-03   34,672 34,672        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-03   165,712 165,712        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-03   34,636 34,636        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-03   6,754 6,754        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-03   6,195 6,195        
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-03   7,418 7,418        
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-03   17,581 17,581        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-03   4,696 4,696        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-03   6,705 6,705        
    CONTINENTAL AIRLINES INC6/17/1999 6 2004-12 PURCHASE 2010-03   772 773     -1  
    FED HOME LN DISCOUNT NTDUE 03/17/10 2010-03 PURCHASE 2010-03   379,999 379,999        
    LLOYDS BANK PLCDISCOUNT COMMERCIAL 2010-02 PURCHASE 2010-03   339,952 339,952        
    CSFB 2006-C4 A-309/01/06 5.467 09/1 2009-07 PURCHASE 2010-03   114,727 85,922     28,805  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-03   222 222        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-03   2,608 2,608        
    GSMS 2006-GG8 A410/1/2006 VAR 11/10 2009-09 PURCHASE 2010-03   137,780 123,834     13,946  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-03   599 599        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-03   1,483 1,483        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-03   2,169 2,169        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-03   266 266        
    CREDIT AGRICOLE N ADISCOUNT COMMERC 2010-02 PURCHASE 2010-03   339,959 339,959        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-03   210 210        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-03   25 25        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-03   751 751        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-03   40 40        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-03   386 386        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-03   137 137        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-03   18 18        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-03   125 125        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-03   6,340 6,340        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-03   4,089 4,089        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-03   468 468        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-03   3,181 3,181        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-03   2,588 2,588        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-03   3,503 3,503        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-03   61 61        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-03   546 546        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-03   7,181 7,181        
    SOUNDVIEW HOME LN TR 2007-OPT410/11 2009-11 PURCHASE 2010-03   17,968 17,968        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-03   1,762 1,762        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-03   2,115 2,115        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-03   5,974 5,974        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-03   3,412 3,412        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-03   365 365        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-03   2,657 2,657        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-03   1,524 1,524        
    UBS FIN INC-DISC COML PAPERDISCOUNT 2010-02 PURCHASE 2010-03   339,962 339,962        
    U S TREASURY BILLDUE 04/15/10 2010-03 PURCHASE 2010-03   399,958 399,958        
    HVMLT 2005-1 X02/01/05 VAR 03/19/35 2005-03 PURCHASE 2010-03   14,806 14,228     578  
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-03   2 2        
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-04   8 8        
    U S TREASURY BILLDUE 05/06/10 2010-03 PURCHASE 2010-04   99,978 99,978        
    GENERAL ELEC CAP CORP MEDIUM04/21/0 2009-02 PURCHASE 2010-04   51,988 45,556     6,432  
    AMERICAN AIRLINES INC6/20/2002 6.97 2004-04 DONATION 2010-04   4,227 4,227        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2010-04   2,404 2,404        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2010-04   240 240        
    U S TREASURY BILLDUE 04/15/10 2010-03 PURCHASE 2010-04   74,994 74,994        
    JPMCC 2007-LDPX A33/1/2007 5.420 1/ 2007-11 PURCHASE 2010-04   130,523 126,070     4,453  
    J P MORGAN CHASE08/01/07 VAR 02/15/ 2009-09 PURCHASE 2010-04   49,338 43,602     5,736  
    JPMCC 2006-LDP7 A46/1/2006 VAR 4/15 2007-11 PURCHASE 2010-04   103,734 102,773     961  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-04   2,447 2,447        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-04   6,135 6,135        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-04   17,708 17,708        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-04   7,058 7,058        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-04   8,612 8,612        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-04   5,624 5,624        
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-04   5,112 5,112        
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-04   3,007 3,007        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-04   2,414 2,414        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-04   2,513 2,513        
    U S TREASURY BILLDUE 04/15/10 2010-03 PURCHASE 2010-04   224,981 224,981        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-04   1,200 1,200        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-04   218 218        
    U S TREASURY BILLDUE 05/06/10 2010-03 PURCHASE 2010-04   149,967 149,967        
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-04   2,323 2,323        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-04   2,795 2,795        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-04   1,321 1,321        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-04   5,569 5,569        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-04   231 231        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-04   5,459 5,459        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-04   35 35        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-04   1,706 1,706        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-04   21 21        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-04   1,069 1,069        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-04   1,798 1,798        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-04   975 975        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-04   132 132        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-04   8,799 8,799        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-04   11,184 11,184        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-04   18,593 18,593        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-04   1,198 1,198        
    FN 84103111/1/2005 VAR 11/1/2035 2004-09 PURCHASE 2010-04   28 28        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-04   13,211 13,211        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-04   61 61        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-04   676 676        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-04   5,700 5,700        
    LLOYDS BANK PLCDISCOUNT COMMERCIAL 2010-03 PURCHASE 2010-04   344,934 344,934        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-04   2,726 2,726        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-04   2,913 2,913        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 PURCHASE 2010-04   983 983        
    SOUNDVIEW HOME LN TR 2007-OPT410/11 2009-11 PURCHASE 2010-04   9,153 9,153        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-04   3,222 3,222        
    BNP PARIBAS FIN INCDISCOUNT COMMERC 2010-03 PURCHASE 2010-04   339,943 339,943        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-04   3,052 3,052        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-04   12,658 12,658        
    CREDIT AGRICOLEDISCOUNT COMMERCIAL 2010-03 PURCHASE 2010-05   339,930 339,930        
    U S TREASURY BILLDUE 05/06/10 2010-03 PURCHASE 2010-05   24,994 24,994        
    U S TREASURY BILLDUE 05/06/10 2010-03 PURCHASE 2010-05   299,934 299,934        
    US TREASURY N/B11/15/09 3.375 11/15 2010-02 PURCHASE 2010-05   98,425 97,453     972  
    U S TREASURY BILLDUE 05/06/10 2010-03 PURCHASE 2010-05   339,925 339,925        
    CREDIT AGRICOLE N ADISCOUNT COMMERC 2010-05 PURCHASE 2010-05   164,936 164,958     -22  
    FREDDIE MAC DISCOUNT NT5/10/2005 0. 2010-01 PURCHASE 2010-05   164,941 164,941        
    CREDIT AGRICOLE N ADISCOUNT COMMERC 2010-05 PURCHASE 2010-05   184,933 184,952     -19  
    UNITED STATES TREAS BILLSDUE 05/13/ 2010-02 PURCHASE 2010-05   49,990 49,990        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-05   3,480 3,480        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-05   9,139 9,139        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-05   11,507 11,507        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-05   6,519 6,519        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-05   4,239 4,239        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-05   6,587 6,587        
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-05   4,345 4,345        
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-05   6,969 6,969        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-05   3,136 3,136        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-05   2,635 2,635        
    US TREASURY N/B11/15/09 3.375 11/15 2010-02 PURCHASE 2010-05   54,177 53,599     578  
    CREDIT SUISSE MEDIUM TERM SUB08/13/ 2009-11 PURCHASE 2010-05   92,716 93,503     -787  
    PG&E CORP03/12/09 5.750 04/01/14 2009-03 PURCHASE 2010-05   110,195 99,456     10,739  
    DEUTSCHE BK FILN LLCDISCOUNT COMMER 2010-04 PURCHASE 2010-05   159,969 159,969        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-05   1,628 1,628        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-05   1,807 1,807        
    UBS FINANCEDISCOUNT COMMERCIAL PAPE 2010-04 PURCHASE 2010-05   344,934 344,934        
    DELTA AIR LINES11/24/09 7.750 12/17 2009-11 PURCHASE 2010-05   107,750 100,000     7,750  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-05   722 722        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-05   1,647 1,647        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-05   1,316 1,316        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-05   13,638 13,638        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-05   2,649 2,649        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-05   5,283 5,283        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-05   27 27        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-05   630 630        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-05   117 117        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-05   2,868 2,868        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-05   4,048 4,048        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-05   16 16        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-05   134 134        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-05   277 277        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-05   10,357 10,357        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-05   2,777 2,777        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-05   5,838 5,838        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-05   2,236 2,236        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-05   162 162        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-05   307 307        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-05   634 634        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-05   3,919 3,919        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-05   2,950 2,950        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-05   3,143 3,143        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-05   592 592        
    SOUNDVIEW HOME LN TR 2007-OPT410/11 2009-11 PURCHASE 2010-05   19,122 17,730     1,392  
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-05   2,936 2,936        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-05   12,592 12,592        
    TSY INFL IX N/B1/17/2006 2.000 1/15 2007-01 PURCHASE 2010-05   599,377 578,860     20,517  
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-06   6 6        
    US TREASURY NOTE03/31/10 2.500 03/3 2010-04 PURCHASE 2010-06   404,351 392,840     11,511  
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-06   5 5        
    CREDIT SUISSE NEW YORK05/06/08 5.00 2008-05 PURCHASE 2010-06   106,206 99,779     6,427  
    BNP PARIBAS FIN INCDISCOUNT COMMERC 2010-04 PURCHASE 2010-06   344,925 344,925        
    DEUTSCHE BK LOND05/20/08 4.875 05/2 2008-05 PURCHASE 2010-06   73,962 69,905     4,057  
    U S TREASURY BILLDUE 06/10/10 2010-05 PURCHASE 2010-06   134,985 134,985        
    US TREASURY NOTE03/15/10 1.375 03/1 2010-04 PURCHASE 2010-06   211,214 209,098     2,116  
    US TREASURY NOTE03/15/10 1.375 03/1 2010-04 PURCHASE 2010-06   316,907 313,646     3,261  
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-06   201,243 188,378     12,865  
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-06   202,159 194,026     8,133  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-06   2,962 2,962        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-06   6,457 6,457        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-06   3,731 3,731        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-06   4,133 4,133        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-06   4,861 4,861        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-06   4,940 4,940        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-06   757 757        
    FG J0624603/01/07 5.500 10/01/21 2007-12 PURCHASE 2010-06   6,740 6,740        
    FG E0242912/01/07 6.000 12/01/22 2007-12 PURCHASE 2010-06   4,055 4,220     -165  
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-06   1,675 1,675        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-06   3,011 3,011        
    GOLDMAN SACHS GROUP INC6/28/2005 4. 2008-09 PURCHASE 2010-06   100,000 83,750     16,250  
    US TREASURY NOTE03/15/10 1.375 03/1 2010-04 PURCHASE 2010-06   407,662 403,260     4,402  
    US TREASURY NOTE03/15/10 1.375 03/1 2010-04 PURCHASE 2010-06   166,052 164,291     1,761  
    U S TREASURY BILLDUE 06/17/10 2010-05 PURCHASE 2010-06   1,014,867 1,014,867        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-06   217 217        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-06   553 553        
    UNION ELECTRIC CO06/19/08 6.700 02/ 2008-06 PURCHASE 2010-06   194,618 169,502     25,116  
    US TREASURY BILLDUE 06/24/10 2010-05 PURCHASE 2010-06   104,987 104,987        
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-06   1,023 1,023        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-06   2,363 2,363        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-06   178 178        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-06   223 223        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-06   4,064 4,064        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-06   15 15        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-06   767 767        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-06   121 121        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-06   172 172        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-06   150 150        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-06   17 17        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-06   128 128        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-06   279 279        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-06   4,693 4,693        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-06   3,577 3,577        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-06   2,322 2,322        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-06   6,947 6,947        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-06   18,295 18,295        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-06   5,881 5,881        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-06   626 626        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-06   5,671 5,671        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-06   868 868        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-06   322 322        
    MET LIFE GLOB FUNDING06/25/08 VAR 0 2008-06 PURCHASE 2010-06   205,000 205,000        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-06   2,397 2,397        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-06   1,166 1,166        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-06   3,205 3,205        
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-06   155,169 154,394     775  
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-06   4,327 4,327        
    UNITED STATES TREAS NTS03/01/10 2.3 2010-02 PURCHASE 2010-06   533,894 518,931     14,963  
    US TREASURY NOTE03/31/10 2.500 03/3 2010-04 PURCHASE 2010-06   149,773 146,056     3,717  
    US TREASURY NOTE03/31/10 2.500 03/3 2010-04 PURCHASE 2010-06   190,892 186,347     4,545  
    CONTINENTAL AIRLS PASS THRUPASS THR 2006-03 PURCHASE 2010-07   3,348 3,348        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2010-07   2,274 2,274        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2010-07   227 227        
    AMERICAN AIRLINES INC7/8/2003 3.857 2004-08 PURCHASE 2010-07   152,379 149,625     2,754  
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-07   75,217 74,707     510  
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-07   278,583 264,980     13,603  
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-07   235,813 224,874     10,939  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-07   2,958 2,958        
    FG G023669/1/2006 6.500 10/1/2036 2006-09 PURCHASE 2010-07   7,846 7,846        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-07   4,183 4,183        
    FG G0246112/1/2006 6.500 11/1/2036 2006-11 PURCHASE 2010-07   8,963 8,963        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-07   5,283 5,283        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-07   6,630 6,630        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-07   459 459        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-07   958 958        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-07   2,269 2,269        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-07   218 218        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-07   492 492        
    UNITED STATES TREAS NTS03/01/10 2.3 2010-02 PURCHASE 2010-07   533,397 533,900     -503  
    UNITED STATES TREAS NTS03/01/10 2.3 2010-02 PURCHASE 2010-07   145,124 139,712     5,412  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-07   455 455        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-07   5,124 5,124        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-07   1,721 1,721        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-07   1,341 1,341        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-07   7,174 7,174        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-07   225 225        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-07   28 28        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-07   1,376 1,376        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-07   101 101        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-07   80 80        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-07   124 124        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-07   2,752 2,752        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-07   131 131        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-07   281 281        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-07   1,322 1,322        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-07   634 634        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-07   4,387 4,387        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-07   10,870 10,870        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-07   17,194 17,194        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-07   4,011 4,011        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-07   2,535 2,535        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-07   327 327        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-07   2,838 2,838        
    UNITED STATES TREAS NTS03/01/10 2.3 2010-02 PURCHASE 2010-07   553,859 513,941     39,918  
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-07   2,723 2,723        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-07   1,381 1,381        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-07   593 593        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-07   2,360 2,360        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-07   974 974        
    U S TREASURY BILLDUE 07/29/10 2010-06 PURCHASE 2010-07   784,898 784,898        
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-07   190,943 189,257     1,686  
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-07   5 5        
    ADVISORS INNER CIRCLE FD II PERI 2008-06 PURCHASE 2010-08   17,000 19,353     -2,353  
    AMER CENT INTL BOND FUND-INV 2008-09 PURCHASE 2010-08   488,000 476,978     11,022  
    MFS INSTL INTL EQUITY FUND 2005-01 PURCHASE 2010-08   848,000 835,433     12,567  
    PIMCO FOREIGN BOND FUNDINSTITUTIONA 2008-09 PURCHASE 2010-08   1,105,000 1,006,083     98,917  
    TEMPLETON INSTL FDS INCFOREIGN EQUI 2010-08 PURCHASE 2010-08   400,000 408,324     -8,324  
    DFA EMERGING MARKETS VALUE 95 2008-09 PURCHASE 2010-08   1,504,000 1,299,348     204,652  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-08   613 613        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-08   1,787 1,787        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-08   2,155 2,155        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-08   3,605 3,605        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-08   7,156 7,156        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-08   2,574 2,574        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-08   3,427 3,427        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-08   4,458 4,458        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-08   7,972 7,972        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-08   5,076 5,076        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-08   680 680        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-08   11,995 11,995        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-08   894 894        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-08   2,745 2,745        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-08   24 24        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2004-04 DONATION 2010-08   1,219 1,219        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-08   63 63        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2010-08   1,652 1,652        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-08   148 148        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-08   2,147 2,147        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-08   129 129        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-08   281 281        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-08   3,946 3,946        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-08   2,326 2,326        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-08   3,612 3,612        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-08   3,587 3,587        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-08   2,384 2,384        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-08   218 218        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-08   1,020 1,020        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-08   419 419        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-08   1,609 1,609        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-08   783 783        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-08   326 326        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-08   2,833 2,833        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-08   1,420 1,420        
    SASC 1997-2 2A410/1/1997 7.250 3/28 2004-04 DONATION 2010-08   5 5        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-08   2,127 2,127        
    US TREASURY BILLDUE 08/05/10 2010-07 PURCHASE 2010-08   114,987 114,987        
    US TREASURY BILLDUE 08/12/10 2010-07 PURCHASE 2010-08   424,952 424,939     13  
    UNITED STATES TREASURY BILLSDUE 09/ 2010-08 PURCHASE 2010-08   199,975 199,975        
    U S TREASURY NOTE01/31/09 1.750 01/ 2010-07 PURCHASE 2010-08   246,825 245,976     849  
    US TREASURY N/B11/15/09 3.375 11/15 2010-02 PURCHASE 2010-08   823,316 783,771     39,545  
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-08   222,063 219,139     2,924  
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-08   221,967 219,139     2,828  
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-08   192,134 189,257     2,877  
    UNITED STATES TREAS NTS06/15/10 1.1 2010-06 PURCHASE 2010-08   60,553 59,765     788  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-07 PURCHASE 2010-08   436,364 433,039     3,325  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-07 PURCHASE 2010-08   106,685 105,742     943  
    UNITED STATES TREASURY BILLSDUE 09/ 2010-08 PURCHASE 2010-09   659,930 659,930        
    FN 5552071/1/2003 7.000 11/1/2017 2004-04 DONATION 2010-09   7,451 8,984     -1,533  
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-09   244,668 240,232     4,436  
    UNITED STATES TREAS NTS08/31/10 1.8 2010-08 PURCHASE 2010-09   225,000 228,343     -3,343  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-09   3,092 3,092        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-09   5,704 5,704        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-09   12,284 12,284        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-09   4,013 4,013        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-09   564 564        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-09   2,974 2,974        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-09   1,919 1,919        
    UNITED STATES TREAS NTS08/31/10 1.8 2010-08 PURCHASE 2010-09   227,053 228,343     -1,290  
    US TREASURY N/B04/30/09 0.875 04/30 2010-08 PURCHASE 2010-09   95,364 95,427     -63  
    FREDDIE MAC DISCOUNT NT10/5/2005 0. 2010-06 PURCHASE 2010-09   199,871 199,871        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-09   3,849 3,849        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-09   1,661 1,661        
    GENERAL ELEC CAP CORP05/22/08 VAR 0 2009-08 PURCHASE 2010-09   59,672 57,075     2,597  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-09 PURCHASE 2010-09   1,128 1,128        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-09   1,324 1,324        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-09   3,449 3,449        
    CWABS INC06/23/05 3.760 10/25/35SE 2009-09 PURCHASE 2010-09   2,404 2,404        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-09   200 200        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-09   217 217        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-09   2,091 2,091        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-09   26 26        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-09   753 753        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-09   105 105        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2010-09   346 346        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-09   136 136        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-09   132 132        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-09   286 286        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-09   3,091 3,091        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-09   2,096 2,096        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-09   3,884 3,884        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-09   5,349 5,349        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-09   44 44        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-09   79 79        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-09   657 657        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-09   8,879 8,879        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-09   2,111 2,111        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-09   347 347        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-09   3,140 3,140        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-09   807 807        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-09   1,945 1,945        
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-09   246,290 240,232     6,058  
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-09   82,106 80,077     2,029  
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-09   354,164 345,333     8,831  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-07 PURCHASE 2010-09   499,618 493,463     6,155  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-07 PURCHASE 2010-09   351,924 347,438     4,486  
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-09   4,915 4,915        
    FREDDIE MAC DISCOUNT NT10/5/2005 0. 2010-06 PURCHASE 2010-09   399,742 399,742        
    SASC 1997-2 2A410/1/1997 7.250 3/28 1999-03 PURCHASE 2010-09   5 5        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2010-10   2,724 2,724        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2010-10   272 272        
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-10   103,140 100,097     3,043  
    AMERICAN AIRLINES INC6/20/2002 6.97 2004-04 DONATION 2010-10   6,968 6,968        
    US TREASURY N/B04/30/09 0.875 04/30 2010-08 PURCHASE 2010-10   95,356 95,427     -71  
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-10   103,125 100,097     3,028  
    US TREASURY NOTE04/30/10 3.1250 04/ 2010-09 PURCHASE 2010-10   514,797 505,838     8,959  
    UNITED STATES TREAS NTS06/30/10 1.8 2010-06 PURCHASE 2010-10   233,719 225,217     8,502  
    FREDDIE MAC DISCOUNT NT10/13/2005 0 2010-06 PURCHASE 2010-10   269,843 269,843        
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-08 PURCHASE 2010-10   237,067 231,626     5,441  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-10   2,586 2,586        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-10   20,454 20,454        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-10   9,396 9,396        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-10   8,393 8,393        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-10   801 801        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-10   2,342 2,342        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-10   2,808 2,808        
    FANNIE MAE DISCOUNT NOTEDUE 10/15/1 2010-06 PURCHASE 2010-10   436,723 436,723        
    FANNIE DISCOUNT NOTE10/24/2005 0.00 2010-06 PURCHASE 2010-10   224,874 224,874        
    UNITED STATES TREAS NTS06/30/10 1.8 2010-07 PURCHASE 2010-10   124,181 120,116     4,065  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-08 PURCHASE 2010-10   241,627 236,661     4,966  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-08 PURCHASE 2010-10   221,172 216,520     4,652  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-10   976 976        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-10   1,236 1,236        
    HSBC HOME EQUITY LN TR07/12/06 VAR 2010-10 PURCHASE 2010-10   1,822 1,822        
    U S TREASURY NOTE01/31/09 1.750 01/ 2009-05 PURCHASE 2010-10   643,444 635,439     8,005  
    U S TREASURY NOTE03/31/09 2.375 03/ 2010-09 PURCHASE 2010-10   354,750 349,578     5,172  
    U S TREASURY NOTE03/31/09 2.375 03/ 2010-09 PURCHASE 2010-10   353,975 349,578     4,397  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-08 PURCHASE 2010-10   5,156 5,035     121  
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-10   1,001 1,001        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-10   3,604 3,604        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-10   1,949 1,949        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-10   1,247 1,247        
    CWABS INC06/23/05 3.760 10/25/35SE 2009-09 PURCHASE 2010-10   2,881 2,881        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-10   168 168        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-10   1,668 1,668        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-10   7,188 7,188        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-10   16 16        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2004-04 DONATION 2010-10   1,000 1,000        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-10   21 21        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2010-10   2,571 2,571        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-10   146 146        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-10   108 108        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-10   286 286        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-10   2,941 2,941        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-10   430 430        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-10   2,733 2,733        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-10   972 972        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-10   251 251        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-10   44 44        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-10   449 449        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-10   2,775 2,775        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-10   4,408 4,408        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-10   333 333        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-10   1,584 1,584        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-10   1,401 1,401        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-10   2,350 2,350        
    US TREASURY N/B8/31/09 1.000 8/31/1 2010-08 PURCHASE 2010-10   150,979 151,069     -90  
    SASC 1997-2 2A410/1/1997 7.250 3/28 2004-04 DONATION 2010-10   7 7        
    ICM SMALL COMPANY PORT-IN 2004-04 DONATION 2010-10   217,000 263,663     -46,663  
    ADVISORS INNER CIRCLE FD II PERI 2008-06 PURCHASE 2010-10   305,000 331,469     -26,469  
    AMER CENT INTL BOND FUND-INV 2008-09 PURCHASE 2010-10   74,000 69,623     4,377  
    MFS INSTL INTL EQUITY FUND 2005-01 PURCHASE 2010-10   1,800,000 1,681,884     118,116  
    TEMPLETON INSTL FDS INCFOREIGN EQUI 2004-04 DONATION 2010-10   1,715,000 1,680,061     34,939  
    VANGUARD INSTITUTIONAL INDEXFUND 9 2004-04 PURCHASE 2010-10   7,312,000 7,144,660     167,340  
    MUTUAL FUND RECEIVABLESEQUITY 2010-10 PURCHASE 2010-10   760,000 760,000        
    AMER CENT INTL BOND FUND-INV 2009-09 PURCHASE 2010-11   232,158 228,410     3,748  
    AMER CENT INTL BOND FUND-INV 2008-09 PURCHASE 2010-11   2,819,771 2,681,646     138,125  
    ENTERGY LOUISIANADTD 10/21/05 5.83% 2005-10 PURCHASE 2010-11   218,000 217,967     33  
    GENERAL ELEC CAP CORP09/17/04 VAR 0 2008-10 PURCHASE 2010-11   163,288 119,000     44,288  
    US TREASURY N/B11/15/09 3.375 11/15 2010-08 PURCHASE 2010-11   112,530 106,188     6,342  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-08 PURCHASE 2010-11   597,763 584,099     13,664  
    NCUA GTD NTS10/27/10 VAR 10/07/20S 2010-10 PURCHASE 2010-11   3,775 3,775        
    U S TREASURY NOTE09/30/09 3.000 09/ 2010-10 PURCHASE 2010-11   21,727 21,742     -15  
    US TREASURY NOTE07/31/10 ZERO 07/31 2010-08 PURCHASE 2010-11   5,154 5,035     119  
    UNITED STATES TREASURY NOTES09/30/1 2010-09 PURCHASE 2010-11   387,271 382,627     4,644  
    UNITED STATES TREASURY NOTES09/30/1 2010-09 PURCHASE 2010-11   105,660 104,353     1,307  
    US TREASURY NOTE10/31/10 1.250 10/3 2010-11 PURCHASE 2010-11   105,488 105,537     -49  
    U S TREASURY NOTE09/30/09 3.000 09/ 2010-11 PURCHASE 2010-11   629,533 625,077     4,456  
    US TREASURY N/B8/31/09 1.000 8/31/1 2010-08 PURCHASE 2010-11   679,269 679,811     -542  
    US TREASURY NOTE04/30/10 3.1250 04/ 2010-09 PURCHASE 2010-11   776,948 779,364     -2,416  
    U S TREASURY NOTE09/30/09 3.000 09/ 2010-11 PURCHASE 2010-11   583,085 581,593     1,492  
    US TREASURY BILL05/13/10 0.000 11/1 2010-10 PURCHASE 2010-11   329,959 329,959        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-11   3,073 3,073        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-11   8,576 8,576        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-11   8,519 8,519        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-11   9,956 9,956        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-11   799 799        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-11   2,191 2,191        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-11   2,442 2,442        
    JPMCC 2001-CIB312/1/2001 6.465 11/1 2010-09 PURCHASE 2010-11   4,373 4,373        
    US TREASURY N/B8/31/09 1.000 8/31/1 2010-10 PURCHASE 2010-11   301,780 302,138     -358  
    FANNIE MAEDUE 01/12/2011DISCOUNT N 2010-10 PURCHASE 2010-11   174,928 174,928        
    UBS FIN DEL LLCDISCOUNT COMMERCIAL 2010-10 PURCHASE 2010-11   244,953 244,953        
    BNP PARIBAS FINDISCOUNT COMMERCIAL 2010-10 PURCHASE 2010-11   234,944 234,944        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-11   856 856        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-11   1,668 1,668        
    HSBC HOME EQUITY LN TR07/12/06 VAR 2010-10 PURCHASE 2010-11   1,871 1,871        
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-11   1,822 1,822        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-11   2,198 2,198        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-11   1,057 1,057        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-11   2,752 2,752        
    CWABS INC06/23/05 3.760 10/25/35SE 2009-09 PURCHASE 2010-11   2,672 2,672        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-11   8,751 8,751        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-11   225 225        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-11   4,363 4,363        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 DONATION 2010-11   37 37        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2003-03 PURCHASE 2010-11   984 984        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-11   21 21        
    FN 5451918/1/2001 7.000 9/1/2031 2002-09 PURCHASE 2010-11   1,481 1,481        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-11   126 126        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-11   2,226 2,226        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-11   288 288        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-11   2,681 2,681        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-11   295 295        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-11   1,512 1,512        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-11   3,571 3,571        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-11   3,011 3,011        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-11   2,606 2,606        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-11   66 66        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-11   5,465 5,465        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-11   665 665        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-11   334 334        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-11   1,158 1,158        
    RESIDENTIAL FDG MTG SECS IISER 2000 2004-04 DONATION 2010-11   1,246 1,246        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-11   3,221 3,221        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2010-11   1,365 1,365        
    SASC 1997-2 2A410/1/1997 7.250 3/28 2004-04 DONATION 2010-12   5 5        
    U S TREASURY NOTE09/30/09 3.000 09/ 2010-11 PURCHASE 2010-12   165,668 166,377     -709  
    US TREASURY N/B11/15/09 3.375 11/15 2010-08 PURCHASE 2010-12   122,124 119,004     3,120  
    GENERAL ELEC CAP CORP FDIC07/28/09 2010-08 PURCHASE 2010-12   235,747 236,082     -335  
    SASC 1997-2 2A410/1/1997 7.250 3/28 2004-04 DONATION 2010-12   7 7        
    UNITED STATES TREAS NTS08/31/10 1.8 2010-11 PURCHASE 2010-12   204,946 211,328     -6,382  
    GENERAL ELEC CAP CORP FDIC GTD06/18 2010-08 PURCHASE 2010-12   119,449 119,759     -310  
    FANNIE MAE09/27/10 1.6250 10/26/15 2010-09 PURCHASE 2010-12   232,446 233,954     -1,508  
    NCUA GTD NTS10/27/10 VAR 10/07/20S 2010-10 PURCHASE 2010-12   3,884 3,884        
    NCUA GTD NTS TR11/17/10 VAR 11/06/1 2010-11 PURCHASE 2010-12   4,644 4,644        
    NCUA GTD NTS TR11/17/10 VAR 11/05/2 2010-11 PURCHASE 2010-12   601 601        
    UNITED STATES TREAS NTS08/31/10 1.8 2010-10 PURCHASE 2010-12   334,124 352,214     -18,090  
    US TREASURY NOTE10/31/10 1.250 10/3 2010-11 PURCHASE 2010-12   4,856 4,931     -75  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/ 2004-04 DONATION 2010-12   3,438 3,438        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2010-12   4,884 4,884        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2010-12   9,831 9,831        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2010-12   4,082 4,082        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2010-12   823 823        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2010-12   3,213 3,213        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2010-12   2,395 2,395        
    JPMCC 2001-CIB312/1/2001 6.465 11/1 2010-09 PURCHASE 2010-12   315 315        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2010-12   240 240        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2010-12   1,511 1,511        
    UNITED STATES TREAS NTS08/31/10 1.8 2010-11 PURCHASE 2010-12   28,315 30,190     -1,875  
    US TREASURY NOTE10/31/10 1.250 10/3 2010-12 PURCHASE 2010-12   206,566 212,037     -5,471  
    US TREASURY NOTE10/31/10 1.250 10/3 2010-12 PURCHASE 2010-12   67,320 69,035     -1,715  
    HSBC HOME EQUITY LN TR07/12/06 VAR 2010-10 PURCHASE 2010-12   1,955 1,955        
    CWALT INC SERIES 2007-22 2-A-167/27 2009-02 PURCHASE 2010-12   1,231 1,231        
    BSABS 2002-1 1A53/1/2002 STEP CPN 1 2004-06 PURCHASE 2010-12   3,238 3,238        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/2 2006-01 PURCHASE 2010-12   212 212        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/ 2005-06 PURCHASE 2010-12   700 700        
    EQABS 2002-5 M110/1/2002 STEP CPN 1 2004-08 PURCHASE 2010-12   3,361 3,361        
    FNR G92-12 B2/1/1992 7.700 2/25/202 2004-04 PURCHASE 2010-12   59 59        
    FED NATL MTG ASSN POOL 254232DTD 2/ 2004-04 DONATION 2010-12   1,533 1,533        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2010-12   118 118        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2010-12   828 828        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2010-12   1,375 1,375        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2010-12   72 72        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2010-12   290 290        
    FNR 2001-52 YZDTD 09/01/01 6.50% DU 2006-01 PURCHASE 2010-12   3,717 3,717        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2010-12   302 302        
    FN 7653878/1/2004 6.000 8/1/2034 2004-08 PURCHASE 2010-12   3,691 3,691        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2010-12   3,346 3,346        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2010-12   20,736 20,736        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2010-12   102 102        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2010-12   142 142        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2010-12   115 115        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25 2005-01 PURCHASE 2010-12   67 67        
    J P MORGAN MTG TR07/01/05 VAR 08/25 2008-11 PURCHASE 2010-12   1,732 1,732        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% D 2004-07 PURCHASE 2010-12   2,517 2,517        
    MARM 2003-6 4A211/1/2003 VAR 1/25/2 2006-01 PURCHASE 2010-12   25,673 25,673        
    RESIDENTIAL FDG MTG SECS IISER 1999 2006-01 PURCHASE 2010-12   1,624 1,624        
    RESIDENTIAL FDG MTG SECS IISER 2000 2005-04 PURCHASE 2010-12   1,642 1,642        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2010-12   2,213 2,213        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2010-12   2,674 2,674        
    CWALT INC06/23/05 VAR 08/25/35CL 2 2008-11 PURCHASE 2010-12   5,134 5,134        
    CWABS INC06/23/05 3.760 10/25/35SE 2009-09 PURCHASE 2010-12   2,821 2,821        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/ 2004-09 PURCHASE 2010-12   270 270        
    STRUCTURED ASSET SECS CORP MTG06/28 2009-09 PURCHASE 2010-12   2,264 2,264        
    NISOURCE FIN CORP03/09/09 10.75 03/ 2010-08 PURCHASE 2010-12   113,654 112,267     1,387  

    TY 2010 GeneralExplanationAttachment
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Identifier Return Reference Explanation
    GENERAL RETURN INFORMATION   ATTACHMENT TO STATEMENT 15 - FORM 9 OFFICERS, DIRECTORS, TRUSTEES, ETC. ___________________________________ EXPLANATION: FOR 2010, EXECUTIVE DIRECTOR BENEFI RELOCATON EXPENSE, TEMPORARY HOUSIN
    GENERAL ELECTIONS    

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALABAMA POWER CP TR 301,600 290,000
    AMER CENT INTL BOND FUND    
    AMERICAN AIRLINES 4,778 3,841
    AMERICAN AIRLINES INC    
    AMERICAN INDEPENDENCE US INFLAT 5,425,425 5,023,438
    AMERIQUEST MTG SECS INC 71,184 76,765
    BANKAMERICA CAP 162,000 150,938
    BARCLAYS BK 109,858 116,402
    BEAR STEARNS ABS INC 97,997 85,298
    CD 2007-CD5 157,300 277,446
    CITIGROUP COML MTG 106,292 187,070
    CITIGROUP FDG INC 80,730 80,400
    CITIGROUP INC 333,445 357,862
    CONSECO FINANCIAL CNFHE 210,683 163,689
    CONTINENTAL AIRLINES 288,993 295,635
    COUNTRY WIDE FINANCIAL 93,750 105,210
    CPG PARTNERS LP    
    CREDIT SUISSE MEDIUM TERM    
    CREDIT SUISSE NEW YORK    
    CREDIT SUISSE NY BRH 90,276 96,506
    CS FIRST BOSTON INC. 127,207 120,733
    CSMC 2006-C1 A3 266,325 279,527
    CWABS INC 72,472 84,999
    CWALT INC 191,203 337,194
    CWHL 2004-14 4A1 250,593 255,362
    DELTA AIR LINES    
    DEUTSCHE BANK LONDON 99,864 107,223
    ENERGY LOUISIANA    
    EQUITY ONE ASSET BACKED SECURITIES 255,412 238,603
    FANNIE MAE 2,160,049 2,169,450
    FEDERAL HOME LOAN BANK 560,305 560,179
    FIRST CHICAGO NBD CAP 69,750 79,045
    FREDDIE MAC 1,086,036 1,080,428
    GCCFC 389,910 397,264
    GENERAL ELEC CAP CORP 275,596 289,145
    GINNIE MAE 60,020 59,507
    GOLDMAN SACHS GROUP INC 257,076 294,773
    GS MORGAGE SECURITES CORP    
    HEALTH CARE PROPERTIES 140,172 141,607
    HEALTH CARE REIT INC 124,638 124,539
    HSBC HOME EQUITY LOAN TR 109,288 111,063
    HARBORVIEW MTG LN TR    
    INDYMAC INDEX MTG LN TR 147,645 123,258
    JP MORGAN & CO INC    
    JP MORGAN CHASE CAP XIII 98,800 102,804
    JP MORGAN MTG TR 55,441 124,852
    JPM CAP TR 548,341 601,148
    LAUDUS MONDR INTL FXD INC 3,054,387 2,991,085
    LEHMAN BROS HLDG 558,614 129,490
    MASTER ADJ RATE MORTGAGE TRUST 290,651 277,760
    MASTER AST SECURITIZATION TR 64,228 62,204
    MDST 6 A2 12,843 11,802
    MERRILL LYNCH 150,000 168,850
    MERRILL LYNCH FIRST FRANKLIN 122,411 96,333
    MET LIFE GLOBE FUNDING    
    MID-STATE TRUST 127,341 120,813
    MORGAN STANLEY 530,192 579,467
    MORGAN STANLEY DEAN W 40,689 42,375
    NASC 124,034 121,821
    NATIONSTAR HOME EQUITY 108,744 176,301
    NCUA GTD NTS 976,790 972,566
    NEW PLAN EXCEL RLTY TR 279,773 245,700
    OPTION ONE MTG LN 132,344 120,373
    PANHANKLE EASTN PIPE LINE CO 100,000 115,266
    PIMCO FOREIGN BOND FUND 2,810,982 3,021,631
    PG&E CORP    
    RES FDG MTG SEC 141,283 124,828
    ROYAL BANK OF SCOTLAND PLC 119,752 117,964
    SHURGARD STORAGE CTRS 342,903 318,301
    SOUNDVIEW HOME LOAN 108,763 187,585
    STEELPATH MLP FDS TR 2,048,000 2,111,579
    STRCTD ASSET SECS CO 81,857 103,942
    TELECOM ITALIA CAP 52,408 51,313
    UNION ELECTRIC    
    UNITED DOMINION 221,990 229,081
    VALERO ENERGY COPR 99,867 124,128
    VERIZON COMMUNICATIONS INC.    
    WACHOVIA CMBS 159,100 193,728
    WACHOVIA CORP GLOBAL 89,797 97,938
    WELLPOINT INC 99,898 111,144
    WELLS FARGO MORTGAGE BAKED SEC. 237,776 233,623

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVISORS INNER CIRCLE FD II 3,672,650 3,849,284
    DFA EMERGING MARKETS VALUE 95 3,359,556 4,371,452
    ICM SMALL CAP 4,101,197 3,858,106
    MFS INST INTL EQUITY FUND 7,307,674 8,133,935
    OLD NATIONAL BANCORP 24,846 12,924
    PIMCO COMMODITY REAL RETURN STRAT 8,075,490 6,969,141
    TEMPLETON INSTL FOREIGN EQUITY 7,882,574 8,054,337
    VANGUARD INSTL INDEX FUND 25,766,445 28,332,783
    VANGUARD REITS INDEX 8,200,081 7,071,850

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    US Government Securities - End of Year Book Value:

    7,402,643
    US Government Securities - End of Year Fair Market Value:

    7,381,719
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2010 LandEtcSchedule2
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTERS & PERIPHERALS 69,632 56,297 13,335 13,335
    SOFTWARE 23,268 8,600 14,668 14,668
    TELECOMMUNICATIONS 14,188 8,366 5,822 5,822
    FUNITURE & EQUIPMENT 138,562 80,823 57,739 57,738
    ELECTRONIC EQUIPMENT 18,369 10,836 7,533 7,532
    APPLIANCES 3,797 2,084 1,713 1,713
    LEASEHOLD IMPROVEMENTS 283,290 60,644 222,646 222,648


    TY 2010 LegalFeesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REVIEW & PREPARE LEGAL DOCUMENTS 3,004      
    REVIEW & PREPARE BY-LAW MODIFICA 1,469      
    RESEARCH LEGAL ISSUES 628      
    ATTEND MEETINGS 1,202      
    ALL OTHER 911      


    TY 2010 OtherAssetsSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST & DIVIDENDS RECEIVABLE 154,912 153,365 153,365
    MISC. RECEIVABLES 960,206 13,066 13,066
    DEFERRED TAX ASSET 168,141    
    ROUNDING 4    


    TY 2010 OtherExpensesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    GRANT WRITING CLASSES 4,450     4,450
    BANK FEES 975     975
    SUPPLIES 7,101     7,101
    SUBSCRIPTIONS 830     830
    POSTAGE 1,130     1,130
    PROGRAM ADVERTISING 4,734     4,734
    COMPUTER EXPENSES 1,788     1,788
    DUES & MEMBERSHIPS 30,446     30,446
    MAINTENANCE 17,383     17,383
    INSURANCE 18,348     18,348
    RECORD RETENTION 1,622     1,622
    FLOWERS, GIFTS & AWARDS 4,564     4,564
    2008 GRANT TERMINATED -3,837      
    PROGRAM RELATED EXPENSES 47,466     47,466
    ALL OTHER 2,497     2,497


    TY 2010 OtherIncomeSchedule2
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DISCONTINUED OPERATIONS 1,352    
    LEGAL SETTLEMENT 125,217    


    TY 2010 OtherLiabilitiesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Beginning of Year - Book Value End of Year - Book Value
    TAXES PAYABLE   65,622
    DEFERRED TAX LIABILITY   74,056
    MISC. PAYABLES 200 400
    ROUNDING -6  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT RELATED SERVICES 45,662     45,662
    CONSULTING 5,470     5,470
    COMPUTER SERVICES 7,496     7,496
    WEB PAGE REDESIGN 2,550     2,550
    INVESTMENT MANAGEMENT SERVICES 178,295 178,295   161,195
    PROGRAM RELATED SERVICES 4,414     4,414
    MISCELLANIOUS 3,828     3,828


    TY 2010 TaxesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CALCULATED EXCISE TAX 255,649     31,128