TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 12-01-2010 , and ending 11-30-2011

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

Amended returnAddress changeName change

Name of foundation
HORNE ELIZABETH D

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT Room/suite

City or town, state, and ZIP code
WILSON, NC278942907

A Employer identification number

56-6355985

B Telephone number (see page 10 of the instructions)

(910) 914-9108

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$3,852,618J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	8,250		8,250
4	Dividends and interest from securities......	118,265		118,265
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		261,566
b	Gross sales price for all assets on line 6a 1,963,023
7	Capital gain net income (from Part IV, line 2)...			261,566
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		1,095	1,095
12	Total. Add lines 1 through 11........	389,176		389,176
13	Compensation of officers, directors, trustees, etc.	49,115		49,115
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		971	971		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		6,575			0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		336	336
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	56,997		50,422	0	0
25	Contributions, gifts, grants paid........	97,300				97,300
26	Total expenses and disbursements. Add lines 24 and 25	154,297		50,422	0	97,300
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	234,879
b	Net investment income (if negative, enter -0-)			338,754
c	Adjusted net income (if negative, enter -0-)...				0

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

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

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	52,019	42,104	42,104
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	3,415,078	3,659,455	3,810,514
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,467,097	3,701,559	3,852,618
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	3,467,097	3,701,559
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	3,467,097	3,701,559
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	3,467,097	3,701,559

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	3,467,097
2	Enter amount from Part I, line 27a......................	2	234,879
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	3,701,976
5	Decreases not included in line 2 (itemize)	5	417
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	3,701,559

Form 990-PF (2010)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	160. ABB LTD SPONSORED ADR	2009-01-05	2011-05-11
b	850. ABB LTD SPONSORED ADR		2011-08-16
c	80. AT&T INC	2008-09-24	2011-02-10
d	50. ABBOTT LABORATORIES	2008-09-24	2011-02-10
e	50. ABBOTT LABORATORIES	2008-09-24	2011-07-14
	90. ADECCO SA REG UNSPON ADR	2011-05-11	2011-08-16
	270. ADIDAS AG	2009-08-12	2011-08-16
	90. AECOM TECHNOLOGY CORP COMMON	2010-08-17	2011-08-16
	170. AECOM TECHNOLOGY CORP COMMON		2011-08-16
	120. AIXTRON AG ADR	2010-06-29	2011-08-16
	90. ALLEGHENY TECHNOLOGIES INC	2009-08-12	2011-05-11
	30. ALLEGHENY TECHNOLOGIES INC	2009-08-12	2011-07-14
	50. ALLIANT TECHSYSTEMS INC COMMON		2011-02-10
	90. AMERICAN EXPRESS COMPANY	2011-05-11	2011-08-16
	80. AMERISOURCEBERGEN CORP. COMMON	2009-08-12	2011-05-11
	110. AMGEN INCORPORATED	2011-05-11	2011-08-16
	90. ANGLO AMERICAN PLC UNSPONSORED ADR	2011-07-14	2011-08-16
	130. ANGLO AMERICAN PLC UNSPONSORED ADR	2010-06-29	2011-08-16
	40. ANHEUSER-BUSCH INBEV NV SPN ADR	2010-08-17	2011-08-16
	40. ANHEUSER-BUSCH INBEV NV SPN ADR	2010-02-19	2011-08-16
	150. AON CORPORATION COMMON	2011-02-10	2011-07-14
	90. AON CORPORATION COMMON	2011-02-10	2011-08-16
	.269 APACHE CORPORATION COMMON	2009-12-16	2010-12-20
	60. APACHE CORPORATION COMMON	2010-08-17	2011-05-11
	27. APACHE CORPORATION COMMON	2009-12-16	2011-07-14
	.5 APERAM	2009-12-16	2011-02-22
	6. APERAM		2011-07-14
	10. APPLE COMPUTER CORPORATION COMMON	2010-08-17	2011-08-16
	35. APPLE COMPUTER CORPORATION COMMON	2010-06-29	2011-08-16
	140. ARCELORMITTAL	2011-07-14	2011-08-16
	130. ARCELORMITTAL		2011-08-16
	160. ARM HOLDINGS PLC -SPONS ADR	2009-08-12	2011-05-11
	803.403 ARTISAN INTERNATIONAL SMALL CAP FUND # 1	2009-10-22	2011-05-11
	3221.899 ARTISAN INTERNATIONAL SMALL CAP FUND # 1	2009-10-22	2011-08-16
	290. ASAHI GLASS COMPANY LIMITED	2011-05-11	2011-08-16
	80. AUTODESK, INC. COMMON	2009-08-12	2011-05-11
	200. AVERY DENNISON CORP. COMMON	2008-12-09	2011-05-11
	100. AVERY DENNISON CORP. COMMON	2009-03-23	2011-07-14
	140. ADR AXA-UAP F/K/A AXA SA SPONSORED ADR	2011-07-14	2011-08-16
	140. ADR AXA-UAP F/K/A AXA SA SPONSORED ADR	2009-08-12	2011-08-16
	60. BNP PARIBAS	2010-08-17	2011-08-16
	180. BNP PARIBAS	2009-08-12	2011-08-16
	120. BALLY TECHNOLOGIES INC COMMON	2009-08-12	2011-07-14
	60. BANCFIRST CORP	2011-02-10	2011-08-16
	254. BANCO BRADESCO S A		2011-08-16
	490. BANCO SANTANDER CENT HISPANO SA ADR	2009-08-12	2011-02-10
	170. BANCO SANTANDER CENT HISPANO SA ADR	2010-08-17	2011-08-16
	130. BANK OF AMER CORP COMMON	2010-06-29	2011-02-10
	660. BANK OF AMER CORP COMMON	2010-06-29	2011-08-16
	50. BANK OF NOVA SCOTIA	2010-08-17	2011-08-16
	80. BANK OF NOVA SCOTIA	2009-08-12	2011-08-16
	60. THE BANK OF YOKOHAMA LTD	2009-12-16	2011-08-16
	310. BARCLAYS PLC ADR		2011-08-16
	40. BAXTER INTERNATIONAL INCORPORATED	2010-08-17	2011-02-10
	210. BAXTER INTERNATIONAL INCORPORATED	2009-08-12	2011-02-10
	60. BAYER A G SPONSORED ADR	2011-05-11	2011-08-16
	30. BAYER A G SPONSORED ADR	2009-10-16	2011-08-16
	190. BAYERISCHE MOTOREN WERKE (BMW) UNSPONS A		2011-08-16
	70. BERKSHIRE HATHAWAY INC DEL CL B COMMON		2011-08-16
	200. BHP BILLITON LIMITED		2011-08-16
	110. BLACKBOARD INC COMMON		2011-07-14
	130. BLACKBOARD INC COMMON	2009-08-12	2011-07-14
	70. BRISTOW GROUP INC COMMON	2009-08-12	2011-02-10
	90. BRISTOW GROUP INC COMMON	2009-08-12	2011-05-11
	50. BRISTOW GROUP INC COMMON	2009-08-12	2011-07-14
	80. BRITISH SKY BROADCAST, ADR	2009-08-12	2011-08-16
	90. BUCYRUS INTERNATIONAL INC. COMMON	2010-06-29	2011-02-10
	120. CVS CORP COMMON	2010-10-27	2011-02-10
	180. CVS CORP COMMON		2011-05-11
	65. CVS CORP COMMON	2008-10-28	2011-07-14
	160. CAMECO CORP	2009-08-12	2011-08-16
	225. CARNIVAL CORP PAIRED CTF 1 COM	2011-05-11	2011-07-14
	60. CASEY'S GENERAL STORES, INC. COMMON	2011-02-10	2011-07-14
	70. CELANESE CORPORATION COMMON	2009-08-12	2011-05-11
	160. CELANESE CORPORATION COMMON	2009-08-12	2011-08-16
	410. CENOVUS ENERGY INC.		2011-08-16
	30. CHEVRON TEXACO CORP COMMON	2008-08-04	2011-05-11
	100. CHILDRENS PL RETAIL STORES INC	2009-10-16	2011-02-10
	40. CHINA MOBILE HONG KONG LTD	2010-06-29	2011-02-10
	70. CHINA MOBILE HONG KONG LTD	2009-08-12	2011-02-10
	460. CISCO SYSTEMS	2005-06-14	2011-08-16
	70. CINTAS CORP	2011-02-10	2011-08-16
	210. COCA COLA COMPANY		2011-02-10
	130. COMCAST CORP NEW CL A	2008-09-24	2011-05-11
	390. COMCAST CORP NEW CL A		2011-08-16
	690. COMPAGNIE FINANCIERE RICHEMONT SA		2011-08-16
	140. COMPANHIA ENERG DE MINAS GER PFD	2010-08-17	2011-08-16
	401. COMPANHIA ENERG DE MINAS GER PFD		2011-08-16
	70. COMPLETE PRODUCTION SERVICES INC COMMON	2011-05-11	2011-08-16
	225. CONOCOPHILLIPS COM		2011-05-11
	190. CORNING INCORPORATED		2011-08-16
	190. CREDIT SUISSE GROUP SPONS ADR		2011-08-16
	50. CROWN HOLDINGS INC COMMON	2010-08-17	2011-05-11
	470. DANONE SPONS ADR	2009-08-12	2011-05-11
	280. DEUSTCHE BOERSE AG ADR	2011-05-11	2011-08-16
	260. DEUSTCHE BOERSE AG ADR	2009-12-16	2011-08-16
	120. DISNEY WALT COMPANY	2002-11-25	2011-05-11
	250. DISNEY WALT COMPANY	2002-11-25	2011-08-16
	230. DISCOVER FINL SVCS	2010-06-29	2011-05-11
	90. DISCOVER FINL SVCS	2010-06-29	2011-07-14
	140. DOW CHEMICAL COMPANY	2011-07-14	2011-08-16
	90. ENI SPA - SPONSORED ADR COMMON	2009-08-12	2011-08-16
	310. ELECTRICITE DE FRANCE (EDF)UNSPONS ADR	2009-08-12	2011-02-10
	180. EMCOR GROUP INC	2009-08-12	2011-07-14
	200. ERICSSON LM TELEPHONE CO ADR NEW	2010-02-19	2011-05-11
	184. ESPRIT HOLDINGS LIMITED SPONS ADR	2009-08-12	2011-02-10
	170. ESPRIT HOLDINGS LIMITED SPONS ADR	2010-08-17	2011-07-14
	280. ESPRIT HOLDINGS LIMITED SPONS ADR	2010-02-19	2011-07-14
	150. EXXON MOBIL CORPORATION	2009-10-16	2011-05-11
	110. EXXON MOBIL CORPORATION		2011-08-16
	160. FAST RETAILING CO LTD UNSPON ADR	2009-10-16	2011-02-10
	60. FEDEX CORPORATION		2011-08-16
	70. GDF SUEZ SPONS ADR	2009-08-12	2011-08-16
	340. GAFISA S.A.		2011-08-16
	160. GAZPROM	2011-02-10	2011-05-11
	220. GAZPROM	2009-08-12	2011-08-16
	130. GENERAL ELECTRIC COMPANY	2010-08-17	2011-02-10
	720. GENERAL ELECTRIC COMPANY		2011-08-16
	100. GLOBAL PAYMENTS INC COMMON		2011-05-11
	40. GLOBAL PAYMENTS INC COMMON	2010-06-29	2011-07-14
	17. GOOGLE INC CL A		2011-08-16
	110. GREAT PLAINS ENERGY INCORPORATED	2010-10-27	2011-05-11
	210. GREAT PLAINS ENERGY INCORPORATED	2009-10-16	2011-05-11
	100. GRUPO FIN BANORTE SPON ADR	2010-10-27	2011-08-16
	100. HDFC BANK LTD ADR	2011-05-11	2011-08-16
	100. HDFC BANK LTD ADR	2009-08-12	2011-08-16
	50. HSBC HLDGS PLC ADR	2009-08-12	2011-08-16
	.4 HANCOCK HOLDING COMPANY	2009-12-16	2011-07-19
	40. HENKEL KGAA	2009-08-12	2011-05-11
	60. HENKEL KGAA	2009-08-12	2011-08-16
	70. HEWLETT PACKARD COMPANY	2009-08-12	2011-08-16
	340. HOLCIM LTD UNSPON ADR		2011-08-16
	340. ICAP PLC		2011-08-16
	150. INDUSTRIAL AND COMMERCIAL BANK OF CHINA	2010-08-17	2011-08-16
	50. INDUSTRIAL AND COMMERCIAL BANK OF CHINA	2009-10-16	2011-08-16
	100. INTEL CORPORATION	2002-11-25	2011-02-10
	260. INTEL CORPORATION	2008-01-29	2011-05-11
	50. INTERNATIONAL BUSINESS MACHINES CORP	2009-05-06	2011-05-11
	40. INTERNATIONAL BUSINESS MACHINES CORP	2009-05-06	2011-08-16
	270. INTERNATIONAL PAPER COMPANY	2010-10-27	2011-07-14
	100. INTERNATIONAL PAPER COMPANY	2010-08-17	2011-08-16
	290. ION GEOPHYSICAL CORP COMMON	2010-04-07	2011-02-10
	650. ION GEOPHYSICAL CORP COMMON		2011-05-11
	80. ISHARES FTSE/XINHUA CHINA 25 INDEX FUND	2010-06-29	2011-08-16
	710. ISHARES BARCLAYS 1-3 YR TREASURY BOND FU	2010-04-07	2011-08-16
	150. ISHARES BARCLAYS INTERMEDIATE CREDIT BON	2007-12-19	2011-05-11
	50. J CREW GROUP INC COMMON	2010-08-17	2011-02-10
	100. J CREW GROUP INC COMMON	2010-08-17	2011-03-08
	20. J P MORGAN CHASE & CO	2010-10-27	2011-08-16
	320. J P MORGAN CHASE & CO	2009-08-12	2011-08-16
	290. MINING AND METALLURGICAL CO NORILSK NICK	2009-08-12	2011-08-16
	100. JO-ANN STORES INC COMMON	2009-08-12	2011-03-29
	70. JOHNSON & JOHNSON	2003-10-31	2011-05-11
	90. KB FINANCIAL GROUP INC COMMON		2011-08-16
	.934 KINDER MORGAN MANAGEMENT LLC	2011-08-16	2011-11-22
	580. KINGFISHER PLC-SPONS ADR		2011-08-16
	300. KINGFISHER PLC-SPONS ADR	2010-02-19	2011-08-16
	120. KAMATSU LTD	2011-05-11	2011-08-16
	100. KRAFT FOODS INC-A COMMON	2008-06-24	2011-05-11
	375. KRAFT FOODS INC-A COMMON		2011-08-16
	90. KROGER COMPANY COMMON	2010-08-17	2011-02-10
	90. L 3 COMMUNICATIONS HOLDINGS INC COMMON	2009-08-12	2011-05-11
	140. LAKELAND FINANCIAL CORP	2009-08-12	2011-08-16
	140. LAM RESH CORP	2009-08-12	2011-05-11
	460. LLOYDS TSB GROUP	2010-08-17	2011-08-16
	60. LOCKHEED MARTIN CORP	2010-02-19	2011-05-11
	120. LOCKHEED MARTIN CORP		2011-07-14
	380. LOWES COMPANIES INCORPORATED	2010-10-27	2011-05-11
	100. LOWES COMPANIES INCORPORATED	2010-10-27	2011-08-16
	150. MVC CAPITAL	2010-10-27	2011-08-16
	50. MACQUARIE GROUP LIMITED LTD ADR	2010-02-19	2011-08-16
	50. MAGELLAN HEALTH SERVICES INC COMMON	2009-08-12	2011-08-16
	170. MANULIFE FINANCIAL CORPORATION - DEMUTUALIZATION BENEFIT	2009-08-12	2011-08-16
	130. MARUI LTD ADR	2010-10-27	2011-08-16
	200. MARUI LTD ADR	2009-08-12	2011-08-16
	270. MCDERMOTT INTERNATIONAL		2011-02-10
	70. MECHEL OAO	2011-02-10	2011-08-16
	100. MEDTRONIC INC	2001-10-25	2011-07-14
	270. MEDTRONIC INC		2011-08-16
	300. MERCK & CO INC		2011-08-16
	.5 MERIT MEDICAL SUSTEM INC COMMON	2009-08-12	2011-06-03
	110. METLIFE COMMON		2011-02-10
	60. METLIFE COMMON	2010-02-19	2011-08-16
	80. MICRO SYSTEMS, INC. COMMON	2009-08-12	2011-05-11
	50. MICRO SYSTEMS, INC. COMMON	2009-08-12	2011-07-14
	530. MICROSOFT CORPORATION	1994-07-18	2011-08-16
	210. MICROCHIP TECHNOLOGY INC	2009-08-12	2011-05-11
	15. MITSUI & CO LTD		2011-08-16
	220. MORGAN STANLEY DEAN WITTER DIS CO	2010-02-19	2011-08-16
	240. NRG ENERGY INC COM	2009-08-12	2011-02-10
	330. NALCO HOLDING CO COMMON	2011-05-11	2011-08-16
	30. NEW ORIENTAL EDUCATION SP ADR	2009-12-16	2011-08-16
	130. NIDEC CORPORATION		2011-08-16
	180. NINTENDO LTD		2011-08-16
	30. NOVARTIS AG	2010-10-27	2011-05-11
	110. NOVARTIS AG	2010-08-17	2011-07-14
	40. NOVARTIS AG	2010-06-29	2011-07-14
	50. OCEANEERING INTERNATIONAL INC	2009-12-16	2011-05-11
	80. LUKOIL COMMON		2011-08-16
	100. ONYX PHARMACEUTICALS INC COM	2009-08-12	2011-05-11
	110. ORACLE SYSTEM CORPORATION	2008-10-28	2011-08-16
	1000. PIMCO LOW DURATION INSTITUTIONAL	2011-02-10	2011-07-14
	2192.396 PIMCO LOW DURATION INSTITUTIONAL	2011-02-10	2011-08-16
	300. PALL CORPORATION COMMON		2011-05-11
	50. PALL CORPORATION COMMON	2009-03-23	2011-07-14
	50. PARKER HANNIFIN CORP	2009-08-12	2011-07-14
	200. PEOPLES UNITED FINANCIAL INC COMMON	2010-08-17	2011-08-16
	330. PEOPLES UNITED FINANCIAL INC COMMON	2009-08-12	2011-08-16
	70. PEPSICO INCORPORATED	2011-05-11	2011-08-16
	80. PEPSICO INCORPORATED		2011-08-16
	10. PETROCHINA COMPANY LTD COMMON	2009-08-12	2011-07-14
	40. PETROCHINA COMPANY LTD COMMON		2011-08-16
	240. PETROHAWK ENERGY CORP	2009-08-12	2011-07-14
	50. PETROLEO BRASILEIRO SA PETROBRAS	2009-12-16	2011-05-11
	160. PETROLEO BRASILEIRO SA PETROBRAS	2009-08-12	2011-08-16
	180. PFIZER INCORPORATED	2010-06-29	2011-05-11
	240. PFIZER INCORPORATED	2010-02-19	2011-05-11
	33761.421 PIMCO FOREIGN BOND FD UNHEDGED FD 1853 C		2011-02-10
	510. PING AN INSURANCE GROUP COMPANY OF CHINA		2011-08-16
	70. PROCTOR AND GAMBLE COMPANY		2011-08-16
	200. PRUDENTIAL PLC	2009-08-12	2011-08-16
	180. PUBLICIS GROUPE ADR		2011-08-16
	50. QUALCOMM INC COMMON	2008-12-09	2011-02-10
	280. QUANTA SERVICES INC COMMON	2009-08-12	2011-05-11
	110. QUANTA SERVICES INC COMMON	2009-08-12	2011-07-14
	140. REGENERON PHARMACUETICALS INC COMMON	2009-12-16	2011-05-11
	80. RIO TINTO PLC SPONSORED ADR		2011-07-14
	110. ROCKWOOD HOLDINGS INC COMMON	2009-12-16	2011-05-11
	70. ROLLS ROYCE PLC ADR	2011-05-11	2011-08-16
	30. ROSS STORES INC COM	2009-12-16	2011-08-16
	150. ST JUDE MEDICAL INC COMMON	2011-07-14	2011-08-16
	80. SAIPEM S.P.A.	2011-05-11	2011-08-16
	460. SANDVIK AB	2010-06-29	2011-08-16
	70. SCHLUMBERGER LTD	2008-09-24	2011-05-11
	100. UTILITIES SELECT SECTOR SPDR FUND		2011-08-16
	70. UTILITIES SELECT SECTOR SPDR FUND	2010-02-19	2011-08-16
	140. SHAW GROUP INC COM	2009-08-12	2011-05-11
	60. SHAW GROUP INC COM	2009-08-12	2011-07-14
	50. SHIN-ETSU CHEMICAL CO LTD ADR	2010-08-17	2011-02-10
	40. SHIN-ETSU CHEMICAL CO LTD ADR	2009-10-16	2011-02-10
	40. SHIRE PHARMACEUTICALS GROUP PLC	2009-08-12	2011-05-11
	80. SIEMENS AG SPONSORED ADR		2011-08-16
	50. SIGNATURE BANK COMMON	2009-12-16	2011-05-11
	50. SMITH & NEPHEW PLC - SPON ADR	2009-08-12	2011-02-10
	40. SOCIEDAD QUIMICA MINERA DE CHILE S A SPONSORED ADR REPSTG SER B SH	2010-10-27	2011-08-16
	50. SOCIEDAD QUIMICA MINERA DE CHILE S A SPONSORED ADR REPSTG SER B SH	2009-12-16	2011-08-16
	160. SONY FINANCIAL HOLDINGS INC ADR	2010-02-19	2011-07-14
	1060. SOUTHWEST AIRLINES		2011-08-16
	230. SOUTHWEST BANCORP INC/OKLA COMMON	2009-08-12	2011-08-16
	500. STAPLES INC COMMON	2010-10-27	2011-08-16
	70. STATE STR CORP	2010-06-29	2011-02-10
	60. STATE STR CORP	2009-12-16	2011-02-10
	220. STATE STR CORP	2009-12-16	2011-05-11
	70. STERIS CORP COMMON	2009-08-12	2011-08-16
	210. STERLITE IND LTD.	2011-05-11	2011-08-16
	600. ST MICROELETRONICS N.V.	2011-05-11	2011-08-16
	70. STRYKER CORP COMMON	2010-08-17	2011-05-11
	270. SUBSEA 7 SA	2009-08-12	2011-08-16
	480. SUMITOMO CORPORATION	2009-08-12	2011-08-16
	670. THE SUMITO TRUST AND BANKING CO	2009-08-12	2011-04-01
	.3 SUMITOMO MITSUI TRUST HOLDINGS INC	2011-04-05	2011-04-20
	998. SUMITOMO MITSUI TRUST HOLDINGS INC	2011-04-05	2011-08-16
	60. SUN HYDRAULICS CORPORATION COMMON	2009-08-12	2011-05-11
	460. SUNCOR ENERGY, INC		2011-08-16
	30. SYNGENTA AG	2010-10-27	2011-05-11
	30. SYNGENTA AG	2009-12-16	2011-07-14
	170. TARGET CORP COM		2011-07-14
	50. TARGET CORP COM	2010-06-29	2011-08-16
	130. TECK CORPORATION CL B COMMON		2011-08-16
	150. TELENOR ASA ADR	2011-07-14	2011-08-16
	140. TENCENT HOLDINGS LIMITED LTD UNSPONS ADR	2009-10-16	2011-08-16
	150. TESCO PLC SPONS ADR	2009-08-12	2011-08-16
	50. TEVA PHARMACEUTICAL INDS LTD ADR	2010-08-17	2011-08-16
	50. TEVA PHARMACEUTICAL INDS LTD ADR	2010-02-19	2011-08-16
	40. THERMO ELECTRON COMMON	2011-05-11	2011-07-14
	150. THERMO ELECTRON COMMON		2011-08-16
	40. TOYOTA MOTOR CORP ADR 2	2009-08-12	2011-08-16
	70. TRACTOR SUPPLY COMPANY COMMON	2009-08-12	2011-05-11
	40. TRACTOR SUPPLY COMPANY COMMON	2009-08-12	2011-08-16
	100. TRUSTMARK CORP COMMON	2010-08-17	2011-02-10
	420. UNILEVER PLC-SPONSORED ADR	2009-05-06	2011-05-11
	230. UNILEVER N V NY SHS NEW F	2011-05-11	2011-08-16
	260. UNITED RENTALS INC		2011-08-16
	320. USIMINAS S.A. ADR		2011-02-10
	180. VALE SA SP ADR	2009-08-12	2011-07-14
	310. VALE SA SP PREF ADR		2011-08-16
	30. VALMONT INDUSTRIES COMMON	2010-02-19	2011-02-10
	30. VALMONT INDUSTRIES COMMON	2009-12-16	2011-02-10
	50. VARIAN SEMICONDUCTOR EQUIPMENT ASSOC	2010-06-29	2011-05-11
	80. VARIAN SEMICONDUCTOR EQUIPMENT ASSOC	2010-08-17	2011-07-14
	40. VARIAN SEMICONDUCTOR EQUIPMENT ASSOC	2010-06-29	2011-07-14
	240. VERIZON COMMUNICATIONS INC		2011-02-10
	110. VERTEX PHARMACEUTICALS INC	2009-08-12	2011-02-10
	450. VESTAS WIND SYSTEMS A/S ADR	2011-07-14	2011-08-16
	300. VESTAS WIND SYSTEMS A/S ADR		2011-08-16
	190. WAL MART STORES INCORPORATED	2010-02-19	2011-07-14
	130. WAL MART STORES INCORPORATED	2010-08-17	2011-08-16
	100. WAL-MART DE MEXICO	2010-02-19	2011-07-14
	60. WELLS FARGO & CO NEW	2011-05-11	2011-08-16
	380. WELLS FARGO & CO NEW	2003-02-20	2011-08-16
	110. WESTERN DIGITAL CORP COM	2010-10-27	2011-02-10
	50. WESTPAC BANKING LTD COM	2009-08-12	2011-08-16
	190. WEYERHAEUSER COMPANY	2011-05-11	2011-08-16
	50. WOODSIDE PETROLEUM LTD SPONSORED ADR	2011-07-14	2011-08-16
	120. WORLEYPARSONS LIMITED	2011-05-11	2011-08-16
	210. ZOLTEK COMPANIES	2010-04-07	2011-02-10
	. HUGH MCRAE LAND TR		2011-11-30
	70. ARCH CAPITAL GROUP LTD	2009-08-12	2011-08-16
	40. CREDICORP LTD COM	2009-08-12	2011-05-11
	50. COVIDIEN PLC	2010-08-17	2011-02-10
	270. COVIDIEN PLC	2010-08-17	2011-05-11
	160. SEAGATE TECHNOLOGY	2011-02-10	2011-08-16
	220. XL CAPITAL LTD	2010-02-19	2011-05-11
	120. XL CAPITAL LTD	2010-06-29	2011-07-14
	130. LOGITECH INTERNATIONAL S.A.	2009-12-16	2011-05-11
	130. LOGITECH INTERNATIONAL S.A.	2010-02-19	2011-07-14
	120. TE CONNECTIVITY LTD	2010-04-07	2011-07-14
	380. TE CONNECTIVITY LTD		2011-08-16
	250. TYCO INTERNATIONAL LTD	2010-04-07	2011-05-11
	60. TYCO INTERNATIONAL LTD	2010-08-17	2011-08-16
	100. TYCO INTERNATIONAL LTD		2011-08-16
	50. MILLICOM INTL CELLULAR S.A. COMMON	2009-08-12	2011-07-14
	70. CHECKPOINT SOFTWARE TECHNOLOGY COMMON	2009-08-12	2011-05-11
	40. CHECKPOINT SOFTWARE TECHNOLOGY COMMON	2009-08-12	2011-08-16

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,157	2,402	1,755
b	18,208	9,562	8,646
c	2,230	2,317	-87
d	2,274	2,939	-665
e	2,658	2,940	-282
	2,077	3,049	-972
	9,299	6,083	3,216
	1,750	2,151	-401
	3,305	4,779	-1,474
	2,968	2,908	60
	6,238	2,644	3,594
	1,828	881	947
	3,573	3,679	-106
	4,047	4,500	-453
	3,363	1,640	1,723
	5,643	6,428	-785
	1,797	2,183	-386
	2,596	2,331	265
	2,233	2,154	79
	2,233	2,018	215
	7,561	7,453	108
	4,135	4,472	-337
	31	19	12
	7,430	5,597	1,833
	3,250	1,893	1,357
	21	23	-2
	187	239	-52
	3,797	2,529	1,268
	13,291	9,086	4,205
	3,138	4,525	-1,387
	2,914	4,749	-1,835
	4,686	1,006	3,680
	16,871	13,971	2,900
	60,378	56,029	4,349
	2,912	3,692	-780
	3,581	2,006	1,575
	8,449	5,744	2,705
	3,815	2,176	1,639
	2,232	2,752	-520
	2,232	3,208	-976
	1,599	2,072	-473
	4,798	7,070	-2,272
	4,889	4,707	182
	2,027	2,536	-509
	4,350	3,967	383
	5,794	7,164	-1,370
	1,560	2,097	-537
	1,891	1,902	-11
	4,893	9,656	-4,763
	2,710	2,454	256
	4,337	3,244	1,093
	2,786	2,915	-129
	3,653	6,821	-3,168
	1,992	1,845	147
	10,460	11,644	-1,184
	3,953	4,975	-1,022
	1,977	2,135	-158
	5,312	4,264	1,048
	5,011	4,545	466
	16,416	12,982	3,434
	4,852	4,345	507
	5,734	4,628	1,106
	3,190	2,264	926
	4,090	2,911	1,179
	2,555	1,617	938
	3,540	2,834	706
	8,176	4,301	3,875
	3,966	3,646	320
	6,766	5,047	1,719
	2,409	1,756	653
	3,632	4,370	-738
	7,845	9,099	-1,254
	2,732	2,582	150
	3,527	1,919	1,608
	7,017	4,386	2,631
	14,744	13,403	1,341
	3,054	2,474	580
	4,298	3,585	713
	1,903	1,979	-76
	3,331	4,019	-688
	7,306	8,901	-1,595
	2,125	2,041	84
	13,234	11,572	1,662
	3,287	2,516	771
	8,235	6,532	1,703
	3,705	4,161	-456
	2,475	2,073	402
	7,089	5,683	1,406
	2,091	2,114	-23
	16,321	7,205	9,116
	2,865	1,957	908
	5,668	9,379	-3,711
	2,020	1,436	584
	6,505	4,996	1,509
	1,702	2,220	-518
	1,581	2,080	-499
	5,000	2,380	2,620
	8,356	4,958	3,398
	5,570	3,196	2,374
	2,305	1,251	1,054
	4,105	4,857	-752
	3,402	4,138	-736
	2,593	3,078	-485
	5,336	4,530	806
	3,040	2,010	1,030
	1,796	2,636	-840
	943	2,045	-1,102
	1,554	4,004	-2,450
	12,126	10,950	1,176
	8,090	7,464	626
	2,451	2,725	-274
	4,802	5,386	-584
	2,047	2,802	-755
	3,056	4,577	-1,521
	2,358	2,283	75
	2,600	2,247	353
	2,740	2,044	696
	11,592	4,617	6,975
	5,272	3,768	1,504
	2,047	1,497	550
	9,147	5,506	3,641
	2,298	2,060	238
	4,388	3,864	524
	1,797	2,117	-320
	3,186	3,213	-27
	3,186	1,922	1,264
	2,250	2,709	-459
	12	8	4
	2,722	1,561	1,161
	3,735	2,342	1,393
	2,271	3,091	-820
	4,090	5,129	-1,039
	4,906	4,542	364
	1,976	2,234	-258
	659	802	-143
	2,169	2,057	112
	6,064	5,312	752
	8,421	5,216	3,205
	6,853	4,172	2,681
	8,034	6,718	1,316
	2,603	2,213	390
	2,775	1,522	1,253
	6,340	3,111	3,229
	3,022	3,163	-141
	60,100	59,065	1,035
	16,030	15,116	914
	2,171	1,680	491
	4,350	3,359	991
	721	743	-22
	11,533	13,485	-1,952
	6,643	3,004	3,639
	6,100	2,453	3,647
	4,638	3,493	1,145
	3,669	4,808	-1,139
	63	57	6
	4,449	4,862	-413
	2,301	2,043	258
	3,230	4,128	-898
	3,423	2,924	499
	12,869	10,669	2,200
	2,031	1,993	38
	7,484	6,770	714
	2,980	2,853	127
	6,636	4,124	2,512
	963	2,042	-1,079
	4,763	4,631	132
	9,497	9,124	373
	9,745	8,155	1,590
	1,997	2,146	-149
	1,732	2,004	-272
	1,303	2,111	-808
	2,333	1,598	735
	2,353	3,517	-1,164
	2,337	2,103	234
	3,596	2,882	714
	6,006	3,283	2,723
	1,349	2,221	-872
	3,761	4,263	-502
	8,744	10,794	-2,050
	9,604	8,326	1,278
	10	7	3
	5,173	4,276	897
	2,018	2,109	-91
	3,989	2,300	1,689
	2,536	1,438	1,098
	13,368	1,673	11,695
	8,540	5,707	2,833
	5,085	4,129	956
	3,748	6,016	-2,268
	4,954	6,850	-1,896
	10,911	9,487	1,424
	3,614	2,304	1,310
	2,817	3,015	-198
	3,415	5,975	-2,560
	1,805	1,723	82
	6,749	5,601	1,148
	2,454	1,927	527
	3,924	2,870	1,054
	4,494	4,230	264
	4,177	3,139	1,038
	3,019	1,852	1,167
	10,500	10,360	140
	22,976	22,713	263
	16,728	7,275	9,453
	2,734	1,018	1,716
	4,261	2,469	1,792
	2,266	2,704	-438
	3,740	5,597	-1,857
	4,464	4,924	-460
	5,102	4,200	902
	1,453	1,155	298
	5,025	4,535	490
	5,661	5,503	158
	1,712	2,441	-729
	4,629	6,732	-2,103
	3,704	2,578	1,126
	4,939	4,320	619
	353,482	273,373	80,109
	8,527	10,763	-2,236
	4,311	4,317	-6
	4,138	3,183	955
	4,250	4,198	52
	2,827	1,703	1,124
	5,451	6,430	-979
	2,094	2,526	-432
	7,274	2,908	4,366
	5,650	3,646	2,004
	5,699	2,616	3,083
	3,486	3,692	-206
	2,172	1,345	827
	6,487	6,880	-393
	1,737	2,090	-353
	6,081	5,649	432
	5,710	6,006	-296
	3,276	3,192	84
	2,293	2,087	206
	5,484	4,358	1,126
	1,567	1,868	-301
	2,834	2,334	500
	2,268	2,371	-103
	3,817	2,008	1,809
	8,550	6,790	1,760
	2,756	1,569	1,187
	2,891	1,987	904
	2,436	2,032	404
	3,044	1,999	1,045
	2,938	2,250	688
	9,027	14,228	-5,201
	1,180	2,880	-1,700
	7,000	10,130	-3,130
	3,296	2,394	902
	2,825	2,416	409
	10,279	8,857	1,422
	2,157	2,068	89
	2,480	3,236	-756
	4,063	6,954	-2,891
	4,314	3,293	1,021
	6,156	2,808	3,348
	6,163	4,954	1,209
	3,494	3,853	-359
	1	1
	3,343	3,493	-150
	3,008	1,113	1,895
	14,967	14,346	621
	2,030	1,672	358
	2,010	1,571	439
	8,626	9,145	-519
	2,464	2,457	7
	5,630	4,428	1,202
	6,997	6,789	208
	3,244	2,482	762
	2,839	2,763	76
	2,023	2,523	-500
	2,023	2,932	-909
	2,490	2,444	46
	8,130	8,716	-586
	3,015	3,406	-391
	4,243	1,672	2,571
	2,343	955	1,388
	2,409	2,071	338
	13,565	8,396	5,169
	7,632	7,532	100
	4,491	6,726	-2,235
	3,619	4,470	-851
	5,798	3,646	2,152
	7,750	6,133	1,617
	2,833	2,148	685
	2,833	2,450	383
	3,056	1,488	1,568
	4,910	2,114	2,796
	2,455	1,190	1,265
	8,742	7,402	1,340
	4,243	3,763	480
	2,506	3,663	-1,157
	1,671	5,823	-4,152
	10,160	10,151	9
	6,784	6,676	108
	2,928	2,432	496
	1,475	1,690	-215
	9,342	8,805	537
	3,826	3,434	392
	5,291	4,851	440
	3,239	4,210	-971
	1,936	2,156	-220
	3,178	3,737	-559
	3,132	2,075	1,057
			84
	2,342	1,464	878
	3,959	2,692	1,267
	2,490	1,943	547
	14,995	10,493	4,502
	1,934	2,306	-372
	5,187	4,051	1,136
	2,558	1,945	613
	1,705	2,163	-458
	1,313	2,073	-760
	4,271	3,410	861
	11,775	10,498	1,277
	12,501	9,797	2,704
	2,486	2,251	235
	4,143	3,744	399
	5,359	3,533	1,826
	3,852	1,913	1,939
	2,258	1,093	1,165

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,755
b			8,646
c			-87
d			-665
e			-282
			-972
			3,216
			-401
			-1,474
			60
			3,594
			947
			-106
			-453
			1,723
			-785
			-386
			265
			79
			215
			108
			-337
			12
			1,833
			1,357
			-2
			-52
			1,268
			4,205
			-1,387
			-1,835
			3,680
			2,900
			4,349
			-780
			1,575
			2,705
			1,639
			-520
			-976
			-473
			-2,272
			182
			-509
			383
			-1,370
			-537
			-11
			-4,763
			256
			1,093
			-129
			-3,168
			147
			-1,184
			-1,022
			-158
			1,048
			466
			3,434
			507
			1,106
			926
			1,179
			938
			706
			3,875
			320
			1,719
			653
			-738
			-1,254
			150
			1,608
			2,631
			1,341
			580
			713
			-76
			-688
			-1,595
			84
			1,662
			771
			1,703
			-456
			402
			1,406
			-23
			9,116
			908
			-3,711
			584
			1,509
			-518
			-499
			2,620
			3,398
			2,374
			1,054
			-752
			-736
			-485
			806
			1,030
			-840
			-1,102
			-2,450
			1,176
			626
			-274
			-584
			-755
			-1,521
			75
			353
			696
			6,975
			1,504
			550
			3,641
			238
			524
			-320
			-27
			1,264
			-459
			4
			1,161
			1,393
			-820
			-1,039
			364
			-258
			-143
			112
			752
			3,205
			2,681
			1,316
			390
			1,253
			3,229
			-141
			1,035
			914
			491
			991
			-22
			-1,952
			3,639
			3,647
			1,145
			-1,139
			6
			-413
			258
			-898
			499
			2,200
			38
			714
			127
			2,512
			-1,079
			132
			373
			1,590
			-149
			-272
			-808
			735
			-1,164
			234
			714
			2,723
			-872
			-502
			-2,050
			1,278
			3
			897
			-91
			1,689
			1,098
			11,695
			2,833
			956
			-2,268
			-1,896
			1,424
			1,310
			-198
			-2,560
			82
			1,148
			527
			1,054
			264
			1,038
			1,167
			140
			263
			9,453
			1,716
			1,792
			-438
			-1,857
			-460
			902
			298
			490
			158
			-729
			-2,103
			1,126
			619
			80,109
			-2,236
			-6
			955
			52
			1,124
			-979
			-432
			4,366
			2,004
			3,083
			-206
			827
			-393
			-353
			432
			-296
			84
			206
			1,126
			-301
			500
			-103
			1,809
			1,760
			1,187
			904
			404
			1,045
			688
			-5,201
			-1,700
			-3,130
			902
			409
			1,422
			89
			-756
			-2,891
			1,021
			3,348
			1,209
			-359

			-150
			1,895
			621
			358
			439
			-519
			7
			1,202
			208
			762
			76
			-500
			-909
			46
			-586
			-391
			2,571
			1,388
			338
			5,169
			100
			-2,235
			-851
			2,152
			1,617
			685
			383
			1,568
			2,796
			1,265
			1,340
			480
			-1,157
			-4,152
			9
			108
			496
			-215
			537
			392
			440
			-971
			-220
			-559
			1,057

			878
			1,267
			547
			4,502
			-372
			1,136
			613
			-458
			-760
			861
			1,277
			2,704
			235
			399
			1,826
			1,939
			1,165

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	261,566
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	113,896	3,697,124	0.030807
2008	134,310	3,324,555	0.040399
2007
2006
2005

2	Total of line 1, column (d) ......................	2	0.071206
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	0.035603
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	3,936,619
5	Multiply line 4 by line 3.......................	5	140,156
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,388
7	Add lines 5 and 6.........................	7	143,544
8	Enter qualifying distributions from Part XII, line 4..............	8	97,300
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	6,775
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	6,775
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,775
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	3,648
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,648
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,127
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

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

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

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING AND TRUST
C/O WEALTH MANAGMENT Telephone no. bullet

(910) 914-9108

Located at bullet

130 APPLECROSS RDPINEHURSTNC ZIP+4 bullet

28374

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

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

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

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

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

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

Yes

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 20	49,115
130 APPLECROSS RD PINEHURST,NC28374	TRUSTEE 20	49,115

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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

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

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


2


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

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

Part X

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

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

purposes:

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

3,947,741

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

45,520

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

3,307

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

3,996,568

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

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

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

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

3,996,568

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

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

59,949

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

3,936,619

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

196,831

Part XI

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

and do not complete this part.)

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

196,831

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

6,775

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

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

6,775

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

190,056

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

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

190,056

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

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

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

190,056

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

97,300

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

97,300

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

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

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

97,300

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

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7					190,056
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				96,793
b Total for prior years:2008, 20, 20			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	0
b From 2006.......	0
c From 2007.......	0
d From 2008.......	0
e From 2009.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2010 from Part
XII, line 4: $ 97,300
a Applied to 2009, but not more than line 2a				96,793
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2010 distributable amount.....					507
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2010.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					189,549
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........		0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2006....	0
b Excess from 2007....	0
c Excess from 2008....	0
d Excess from 2009....	0
e Excess from 2010....	0

Form 990-PF (2010)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2010, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CATHOLIC DIOCESE OF RALEIGH 715 NAZARETH STREET RALEIGH,NC276062187	CHARITY	EXEMPT	GENERAL FUNDS	44,900
PARISH COUNCIL OF THE SACRED HEART CHURCH PO BOX 1208 HAMLET,NC28345	CHARITY	EXEMPT	GENERAL FUNDS	7,500
CATHOLIC DIOCESE OF CHARLOTTE P O BOX 36776 CHARLOTTE,NC28203	CHARITY	EXEMPT	GENERAL FUNDS	44,900
Total ................................. 3a				97,300

bApproved for future payment

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

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	8,250
4 Dividends and interest from securities....			14	118,265
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	261,566
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aBOA LITIGATION			14	26
bENRON LITIGATION			14	1,069
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				389,176

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

13389,176

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	1,711	0		0
FEDERAL TAX PAYMENT - PRIOR YE	1,205	0		0
FEDERAL ESTIMATES - PRINCIPAL	3,648	0		0
FOREIGN TAXES ON QUALIFIED FOR	11	0		0

Description	Amount
ROUNDING	98
MUTUAL FUND REPORTED VS RECEIVED	235
HUGH MCRAE LAND TRUST K-1 INFO REPORTED EIN 56-6196325	84