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
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
F B FUND THOMAS TUW
 

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044   Room/suite
City or town, state, and ZIP code
CHARLOTTE, NC28288
A Employer identification number

54-6035619
B Telephone number (see page 10 of the instructions)

(336) 732-8192
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$3,722,804J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 39 39  
4 Dividends and interest from securities...... 110,436 110,436  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -67,075
b Gross sales price for all assets on line 6a 2,575,488
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 43,400 110,475  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,018 3,763   1,254
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)....... Click to see attachment 1,879 0 0 1,879
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 3,300 867   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)....... Click to see attachment 2,228     2,228
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,425 4,630 0 5,361
25 Contributions, gifts, grants paid........ 279,686 279,686
26 Total expenses and disbursements. Add lines 24 and 25 292,111 4,630 0 285,047
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -248,711
b Net investment income (if negative, enter -0-) 105,845
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 (2011)
Form 990-PF (2011)
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...............      
2 Savings and temporary cash investments.......... 146,309 264,174 264,174
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 448,327 Click to see attachment1,705,549 2,075,740
c Investments—corporate bonds (attach schedule)........ 2,494,621 Click to see attachment1,289,117 1,382,890
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 413,707   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,502,964 3,258,840 3,722,804
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 3,502,964 3,258,840
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).................... 3,502,964 3,258,840
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,502,964 3,258,840
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 3,502,964
2 Enter amount from Part I, line 27a..................... 2 -248,711
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 12,833
4 Add lines 1, 2, and 3.......................... 4 3,267,086
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 8,246
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,258,840
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 250. AFLAC INC COM   2010-10-14 2011-12-22
b 195. AMERIPRISE FINANCIAL INC   2010-12-09 2011-12-22
c 9290.508 ARTISAN FDS INC INTL FD INVESTOR CLASS   2011-01-25 2011-12-21
d 600. BANK AMER CORP COM   2002-09-26 2011-12-22
e 50. CHEVRONTEXACO CORP COM   2005-12-19 2011-04-18
100. CHEVRONTEXACO CORP COM   2005-12-19 2011-09-16
400. CONSTELLATION ENERGY GRP INC COM   2010-10-14 2011-01-25
19724.728 CREDIT SUISSE COMM RT ST-CO #2156   2011-01-25 2011-12-21
12674.13 DELAWARE POOLED TR INTL EQUITY PORTFOLIO   2009-04-13 2011-01-25
5464.118 DODGE & COX INT'L STOCK FD # 1048   2011-03-08 2011-12-21
200. DOW CHEM CO COM   2011-04-18 2011-09-16
262.372 DREYFUS/THE BOSTON CO S/C - I #6941   2007-02-07 2011-01-25
132.628 DREYFUS/THE BOSTON CO S/C - I #6941   2007-02-07 2011-07-05
100. EXXON MOBIL CORP COM   1948-06-11 2011-09-16
1000. FORD MTR CO DEL COM   2011-04-18 2011-12-22
1843.499 HARBOR FD INTL FD   2007-11-26 2011-01-25
3358.627 HARBOR FD INTL FD   2008-02-28 2011-03-08
225. HEWLETT-PACKARD CO COM   2005-12-19 2011-01-25
137. HEWLETT-PACKARD CO COM   2005-12-19 2011-04-18
800. HEWLETT-PACKARD CO COM   2005-12-19 2011-09-16
14285.101 ING INTERNATIONAL REAL EST-I #2664   2008-11-19 2011-01-25
4898.944 ING REAL ESTATE FUND CL-I #2190   2008-05-28 2011-01-25
4171.617 ING REAL ESTATE FUND CL-I #2190   2008-11-19 2011-07-05
100. INTL BUSINESS MACHINES CORP COM   1998-07-31 2011-09-16
985. ISHARES IBOXX $ INV GR CORP BD FD   2011-01-25 2011-12-21
350. JP MORGAN CHASE & CO COM   2010-10-14 2011-12-22
11601. JPMORGAN HIGH YIELD FUND SS #3580   2007-01-29 2011-01-25
200. KELLOGG CO COM   2005-12-19 2011-01-25
170. MEDCO HEALTH SOLUTIONS INC   2010-12-09 2011-12-22
600. MICROSOFT CORP COM   2000-08-29 2011-12-22
800. NIKE INC CL B COM   2002-12-13 2011-04-18
7117.438 OPPENHEIMER COM STR TR FD Y #739   2008-03-05 2011-01-25
140. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010   2011-01-25 2011-12-22
8411.667 PIMCO COMMODITY REAL RET STRAT-I#45   2009-01-07 2011-01-25
17703.349 PIONEER HIGH YIELD FD-Y   2007-11-30 2011-01-25
200. PRAXAIR INC COM   2001-11-09 2011-01-25
200. T ROWE PRICE GRP INC COM   2011-04-18 2011-09-16
604.096 ROYCE PREMIER FUND W CLASS #566   2008-02-28 2011-01-25
343.988 ROYCE PREMIER FUND W CLASS #566   2008-02-28 2011-07-05
2039. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-01-25 2011-12-21
125. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006   2005-12-19 2011-01-25
5093.579 CRM MIDCP VAL INST   2009-04-13 2011-01-25
2000.244 WELLS FARGO ADV EMG MK E-INS #4146   2009-04-13 2011-01-25
4577.699 WELLS FARGO ADV ENTERPR CL I #3118   2009-04-13 2011-01-25
85. WYNN RESORTS LTD   2011-09-16 2011-12-22
200. COOPER INDUSTRIES PLC NEW IRELAND   2005-12-19 2011-01-25
150. PARTNERRE LTD COM   2010-12-09 2011-06-03
200. TE CONNECTIVITY LTD   2011-01-25 2011-12-22
(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 10,582   13,658 -3,076
b 9,740   10,882 -1,142
c 180,422   206,435 -26,013
d 3,258   19,518 -16,260
e 5,233   2,881 2,352
9,925   5,761 4,164
12,800   13,060 -260
160,954   180,284 -19,330
174,269   177,372 -3,103
157,476   201,080 -43,604
5,630   7,396 -1,766
14,320   14,407 -87
8,019   7,283 736
7,431   34 7,397
10,880   14,700 -3,820
113,652   134,944 -21,292
210,754   235,084 -24,330
10,601   6,523 4,078
5,428   3,972 1,456
18,740   23,192 -4,452
126,137   118,902 7,235
71,378   76,845 -5,467
67,246   58,046 9,200
17,268   4,738 12,530
111,313   106,887 4,426
11,661   13,510 -1,849
96,636   100,001 -3,365
10,378   8,898 1,480
9,591   10,813 -1,222
15,450   21,331 -5,881
62,774   17,224 45,550
25,552   60,000 -34,448
8,101   8,416 -315
76,714   96,000 -19,286
182,876   185,000 -2,124
18,192   4,981 13,211
10,528   13,150 -2,622
12,293   10,433 1,860
7,753   5,941 1,812
63,840   79,093 -15,253
7,112   3,961 3,151
148,936   150,006 -1,070
47,186   25,517 21,669
166,308   145,006 21,302
9,195   12,967 -3,772
12,096   7,120 4,976
11,029   11,895 -866
6,234   7,416 -1,182
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       -3,076
b       -1,142
c       -26,013
d       -16,260
e       2,352
      4,164
      -260
      -19,330
      -3,103
      -43,604
      -1,766
      -87
      736
      7,397
      -3,820
      -21,292
      -24,330
      4,078
      1,456
      -4,452
      7,235
      -5,467
      9,200
      12,530
      4,426
      -1,849
      -3,365
      1,480
      -1,222
      -5,881
      45,550
      -34,448
      -315
      -19,286
      -2,124
      13,211
      -2,622
      1,860
      1,812
      -15,253
      3,151
      -1,070
      21,669
      21,302
      -3,772
      4,976
      -866
      -1,182
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 -67,075
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))
2010 158,332 3,657,545 0.043289
2009 186,393 3,210,385 0.058059
2008 210,803 3,766,335 0.05597
2007 182,433 4,287,593 0.042549
2006 94,125 3,917,404 0.024027
2 Total of line 1, column (d) ...................... 2 0.223895
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 0.044779
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 3,850,759
5 Multiply line 4 by line 3....................... 5 172,433
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,058
7 Add lines 5 and 6......................... 7 173,491
8 Enter qualifying distributions from Part XII, line 4.............. 8 285,047
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 (2011)
Form 990-PF (2011)
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 1,058
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 1,058
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,058
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,696
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,696
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 638
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet638 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletVA
    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 2011 or the taxable year beginning in 2011 (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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (336) 747-8192
    Located atbullet1W 4TH STWINSTON SALEMNC ZIP+4bullet271014047
    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 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    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
     
    No
    .........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 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 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 2011.)....................
    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 2011?
    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 (2011)
    Form 990-PF (2011)
    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
    WELLS FARGO BANK NA TRUSTEE
    40     		5,018    
    1525 WEST WT HARRIS BLVD D1114 044
    Charlotte,NC28288
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,828,256
    b
    Average of monthly cash balances.......................
    1b
    81,144
    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
    3,909,400
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,909,400
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    58,641
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,850,759
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    192,538
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    192,538
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,058
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,058
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    191,480
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    191,480
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    191,480
    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
    285,047
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    285,047
    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
    1,058
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    283,989
    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 (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 191,480
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 178,219
    b Total for prior years:2009, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 0
    b From 2007....... 0
    c From 2008....... 0
    d From 2009....... 0
    e From 2010....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 285,047
    a Applied to 2010, but not more than line 2a 178,219
    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 2011 distributable amount..... 106,828
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2011. 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 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		84,652
    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 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2007.... 0
    b Excess from 2008.... 0
    c Excess from 2009.... 0
    d Excess from 2010.... 0
    e Excess from 2011.... 0
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 2011, 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    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 (2011)
    Form 990-PF (2011)
    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
    CARILION ROANOKE MEMORIAL
    HOSPITAL ENDOWMENT
    ROANOKE,VA240220032     		NONE EXEMPT GENERAL SUPPORT 279,686
    Total .................................bullet 3a 279,686
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 39  
    4 Dividends and interest from securities....     14 110,436  
    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 -67,075  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   43,400  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1343,400
    (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 (2011)
    Form 990-PF (2011)
    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 (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,879     1,879

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Name of Bond End of Year Book Value End of Year Fair Market Value
    4812C0803 JPMORGAN HIGH YIELD    
    693390593 PIMCO MODERATE DURAT 761,469 781,342
    72369B406 PIONEER HIGH YIELD    
    922031869 VANGUARD INFLATION 60,000 75,589
    94985D582 WELLS FARGO ADV. 166,756 210,519
    693391559 PIMCO EMERGING MKT 59,192 85,443
    92934R769 CRM MIDCAP VALUE    
    26203E836 DREYFUS/ THE BOSTON    
    68380Y409 OPPENHEIMER COMMODIT    
    780905451 ROYCE PREMIER FUND W    
    94975P751 WELLS FARGO ADV.    
    246248306 DELAWARE POOLED TR I    
    411511306 HARBOR INTER. FUND    
    949915367 WELLS FARGO ADV    
    256210105 DODGE & COX INCOME F 39,623 39,653
    76628T645 RIDGEWORTH SEIX HY B 202,077 190,344

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Name of Stock End of Year Book Value End of Year Fair Market Value
    580135101 MCDONALDS CORP 9,746 17,558
    654106103 NIKE INC CL B    
    487836108 KELLOGG CO 8,898 10,114
    742718109 PROCTER & GAMBLE 32,012 40,026
    166764100 CHEVRON CORP 17,283 31,920
    20825C104 CONOCOPHILLIPS 9,792 29,148
    30231G102 EXXON MOBIL 136 33,904
    001055102 AFLAC INC    
    025816109 AMERICAN EXPRESS 11,453 11,793
    03076C106 AMERIPRISE FINL INC    
    060505104 BANK OF AMERICA CORP    
    14040H105 CAPITAL ONE 10,939 11,207
    110122108 BRISTOL MYERS 13,745 17,620
    14149Y108 CARDINAL HEALTH 9,152 10,153
    478160104 JOHNSON & JOHNSON 17,369 32,790
    58405U102 MEDCO HEALTH    
    883556102 THERMO FISHER 5,546 7,870
    91324P102 UNITED HEALTH GROUP 10,977 15,204
    369604103 GENERAL ELECTRIC 10,408 9,851
    913017109 UNITED TECHNOLOGIES 14,665 36,545
    88579Y101 3M COM 8,403 8,173
    037833100 APPLE INC 7,538 10,125
    428236103 HEWLETT PACKARD    
    459200101 INTERNATIONAL 9,754 64,358
    594918104 MICROSOFT CORP    
    74005P104 PRAXAIR INC COM 3,736 16,035
    156700106 CENTURYLINK INC 7,001 6,510
    92343V104 VERIZON COMM. 9,582 11,434
    210371100 CONSTELLATION ENERGY    
    H0023R105 ACE LIMITED 16,260 21,036
    G24140108 COOPER INDUSTRIES 6,978 10,613
    G6852T105 PARTNERRE LTD COM    
    46625H100 JPMORGAN CHASE    
    20030N101 COMCAST CORP CLASS A 9,156 9,484
    25264S833 DIAMOND HILL LONG-SH 79,246 79,954
    26203E836 DREYFUS/THE BOSTON C 68,290 74,634
    339128100 JP MORGAN MID CAP VA 78,766 78,530
    38142Y401 GOLDMAN SACHS GRTH O 91,925 82,879
    437076102 HOME DEPOT INC 11,325 12,612
    438516106 HONEYWELL INTERNATIO 5,502 5,435
    448108100 HUSSMAN STRATEGIC GR 158,491 163,625
    44980Q518 ING INTERNATIONAL RE 63,857 63,946
    44981V706 ING REAL ESTATE FUND 63,913 148,031
    464287465 ISHARES MSCI EAFE 383,503 390,841
    50075N104 KRAFT FOODS INC 8,792 9,340
    583334107 MEADWESTVACO CORP 9,792 10,483
    589509108 MERGER FD SH BEN INT 79,246 77,701
    637071101 NATIONAL OILWELL INC 7,664 6,799
    722005667 PIMCO COMMODITY REAL 145,958 129,521
    744573106 PUBLIC SVC ENTERPRIS 12,906 12,379
    747525103 QUALCOMM INC 12,885 13,128
    778296103 ROSS STORES INC 10,658 12,833
    780905451 ROYCE PREMIER FUND W 58,627 69,818
    87612E106 TARGET CORP 12,070 12,293
    94975P751 WELLS FARGO ADV EMG 68,486 134,712
    G1151C101 ACCENTURE PLC 13,118 12,775

    TY 2011 InvestmentsOtherSchedule2
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    44980Q518 ING INTER. RE      
    44981V706 ING RE FUND      
    722005667 PIMCO COMMODITY REAL      

    TY 2011 OtherDecreasesSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Description Amount
    MUTUAL FUND POSTING DATE AFTER TYE 7,438
    ROC BASIS ADJUSTMENT 808
    ROUNDING 0


    TY 2011 OtherExpensesSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMISIONER AND CLERK FEES 2,228 0   2,228


    TY 2011 OtherIncreasesSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Description Amount
    MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE 12,833


    TY 2011 TaxesSchedule
    Name:
    F B FUND THOMAS TUW
    EIN: 54-6035619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 67 67   0
    FEDERAL TAX PAYMENT - PRIOR YE 737 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,696 0   0
    FOREIGN TAXES ON QUALIFIED FOR 645 645   0
    FOREIGN TAXES ON NONQUALIFIED 155 155   0