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
JACK & CHARLOTTE OWEN
ED SCHOL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)C/O CAPITAL ONE TRUST PO BOX 451   Room/suite
City or town, state, and ZIP code
TEXARKANA, TX75504
A Employer identification number

75-6414441
B Telephone number (see page 10 of the instructions)

(903) 838-2000
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$1,409,327J 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 2,323 2,323  
4 Dividends and interest from securities...... 26,874 26,874  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 56,170
b Gross sales price for all assets on line 6a 1,070,799
7 Capital gain net income (from Part IV, line 2)... 56,170
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,857    
12 Total. Add lines 1 through 11........ 89,224 85,367  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,864 13,398   4,466
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,620 1,216   404
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,129 1,129    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,342 392   1,950
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,955 16,135   6,820
25 Contributions, gifts, grants paid........ 58,281 58,281
26 Total expenses and disbursements. Add lines 24 and 25 81,236 16,135   65,101
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,988
b Net investment income (if negative, enter -0-) 69,232
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (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.......... 16,404 27,580 27,580
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,147,895 Click to see attachment744,384 827,124
c Investments—corporate bonds (attach schedule)........ 146,999 Click to see attachment547,322 554,623
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis 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) 1,311,298 1,319,286 1,409,327
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......... 1,825,524 1,872,762
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -514,226 -553,476
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,311,298 1,319,286
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,311,298 1,319,286
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 1,311,298
2 Enter amount from Part I, line 27a..................... 2 7,988
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,319,286
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,319,286
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 AFLAC INC P 2008-07-25 2011-02-03
b APPLE COMPUTER INC P 2009-03-17 2011-02-03
c BOEING CO P 2010-06-14 2011-03-21
d CHUBB CORP P 2011-04-11 2011-07-13
e COGNIZANT TECH SOLUTIONS P 2010-09-01 2011-05-10
DOLLAR TREE INC P 2010-01-12 2011-03-18
F5 NETWORKS INC P 2010-03-03 2011-08-17
GENERAL ELECTRIC CO P 2010-11-01 2011-11-07
HALLIBURTON CO P 2011-01-01 2011-07-13
INTERNATIONAL BUSINESS MACHS P 2009-07-30 2011-02-03
JOHNSON & JOHNSON P 2011-01-06 2011-04-07
LUBRIZOL CORP P 2010-08-10 2011-03-14
NOBLE ENERGY INC P 2010-12-02 2011-02-03
PROCTER & GAMBLE CO P 2004-11-04 2011-02-02
SALESFORCE COM INC P 2010-12-13 2011-01-26
TJX COS INC P 2009-06-05 2011-07-13
VARIAN MED SYS INC P 2010-05-03 2011-02-03
WESCO INTERNATIONAL INC P 2010-09-14 2011-01-07
AFLAC INC P 2010-09-28 2011-03-15
ARCH COAL INC P 2011-05-02 2011-07-13
BROADCOM CORP P 2010-08-10 2011-02-03
CHUBB CORP P 2011-04-11 2011-08-17
COGNIZANT TECH SOTIONS P 2010-09-01 2011-08-17
DU PONT E I DE NEMOURS & CO P 2010-01-12 2011-02-03
FIDELITY ADVISOR MID CAP II FD P 2004-11-04 2011-07-25
GILEAD SCIENCES INC P 2011-02-25 2011-07-13
HALLIBURTON CO P 2010-08-10 2011-12-20
INTERNATIONAL BUSINESS MACHS P 2009-07-30 2011-10-12
JOY GLOBAL INC P 2009-03-17 2011-02-01
MACYS INC P 2011-01-05 2011-02-03
NOBLE ENERGY INC P 2010-12-02 2011-11-07
PROCTER & GAMBLE CO P 2010-04-27 2011-07-13
SANDISK CORP P 2010-09-20 2011-02-03
TJX COS INC P 2009-06-05 2011-09-01
VERIFONE SYSTEMS INC P 2009-12-30 2011-02-03
WESCO INTERNATIONAL INC P 2011-01-01 2011-02-03
AFLAC INC P 2010-12-17 2011-03-15
ARCH COAL INC P 2011-05-02 2011-08-17
BROADCOM CORP P 2010-10-07 2011-03-18
CITIGROUP INC P 2011-01-13 2011-02-03
CONOCOPHILLIPS P 2009-12-30 2011-02-03
DU PONT E I DE NEMOURS & CO P 2010-01-12 2011-07-13
FIDELITY ADVISOR INVEST GRADE BOND P 2010-11-03 2011-12-21
GILEAD SCIENCES INC P 2011-02-25 2011-09-07
HANSEN NATURAL CORP P 2010-10-18 2011-02-03
INTERNATIONAL PAPER P 2010-09-14 2011-02-03
JOY GLOBAL INC P 2009-03-17 2011-02-03
MACYS INC P 2011-01-05 2011-07-13
NORTHROP GUMMAN CORP P 2010-11-04 2011-02-03
PROCTER & GAMBLE CO P 2011-08-01 2011-08-17
SANDISK CORP P 2010-09-20 2011-03-25
TEREX CORP P 2011-02-01 2011-02-03
VERIFONE SYSTEMS INC P 2009-12-30 2011-07-13
WESCO INTERNATIONAL INC P 2010-09-13 2011-07-13
AFLAC INC P 2009-03-17 2011-03-15
ARCHER DANIELS MIDLAND CO P 2009-11-02 2011-01-05
BROADCOM CORP P 2010-08-10 2011-03-18
CITIGROUP INC P 2010-05-28 2011-06-02
CONOCOPHILLIPS P 2010-08-01 2011-08-17
EAST WEST BANCORP INC P 2011-09-26 2011-12-06
FIFTH THIRD BANCORP P 2011-01-05 2011-02-03
GOLDMAN SACHS GROUP INC P 2004-11-04 2011-01-12
HANSEN NATURAL CORP P 2010-10-18 2011-07-13
INTUIT COM P 2010-02-03 2011-01-05
JOY GLOBAL INC P 2009-03-17 2011-07-13
MANPOWER INC P 2010-08-02 2011-01-12
NOVARTIS AG SPONSORED ADR P 2010-11-03 2011-02-03
PROGRESS ENERGY INC P 2010-06-11 2011-02-03
SKYWORKS SOLUTIONS INC P 2010-11-05 2011-02-03
TEREX CORP P 2011-02-01 2011-05-31
VERIFONE SYSTEMS INC P 2010-08-01 2011-08-17
WESCO INTERNATIONAL INC P 2011-08-01 2011-08-17
AFLAC INC P 2008-07-25 2011-03-15
ATMEL CORP P 2011-03-18 2011-07-13
CSX CORP P 2010-04-28 2011-02-03
CITIGROUP INC P 2010-05-28 2011-07-13
CORN PRODS INTL INC P 2011-01-05 2011-02-03
EL PASO CORPORATION P 2010-08-17 2011-02-03
FIFTH THIRD BANCORP P 2011-01-05 2011-03-01
GOLDMAN SACHS GROUP INC P 2004-11-04 2011-02-03
HILL ROM HLDGS P 2010-08-10 2011-02-03
ISHARES TR MSCI EAFE INDEX FD P 2004-11-04 2011-12-20
JOY GLOBAL INC P 2010-11-01 2011-11-07
MANPOWER INC P 2010-08-02 2011-02-03
NOVARTIS AG SPONSORED ADR P 2010-11-03 2011-09-26
PROGRESS ENERGY INC P 2010-06-11 2011-08-17
SKYWORKS SOLUTIONS INC P 2010-11-05 2011-08-17
THERMO FISHER CORP P 2011-04-07 2011-07-13
VERIFONE SYSTEMS INC P 2009-12-02 2011-11-07
WHIRLPOOL CORP P 2010-09-03 2011-01-05
AT&T INC P 2010-11-15 2011-01-05
ATMEL CORP P 2011-03-18 2011-09-26
CSX CORP P 2010-04-28 2011-07-13
CITIGROUP INC P 2010-05-28 2011-09-26
CORN PRODS INTL INC P 2011-01-05 2011-12-19
EL PASO CORPORATION P 2010-08-17 2011-07-13
FORD MTR CO P 2010-02-01 2011-02-03
GOLDMAN SACHS GROUP INC P 2010-11-01 2011-11-14
HILL ROM HLDGS P 2010-08-10 2011-07-13
ISHARES TR RUSSELL 2000 VALUE INDEX P 2004-11-04 2011-12-20
L-3 COMMUNICATIONS CORP P 2011-03-21 2011-04-27
MCDERMOTT INTERNATIONAL P 2011-01-05 2011-02-01
ORACLE SYSTEM CORP P 2010-12-17 2011-02-03
QUALCOMM INC P 2010-11-23 2011-01-05
SOUTHERN CO P 2010-08-10 2011-02-01
THERMO FISHER CORP P 2010-11-03 2011-11-07
VERIFONE SYSTEMS INC P 2009-12-02 2011-12-20
ZIMMER HOLDINGS INC P 2011-09-01 2011-11-07
ACTIVISION BLIZZARD INC P 2011-01-26 2011-02-03
BANK OF AMERICA CORP P 2009-12-29 2011-02-03
CSX CORP P 2010-04-28 2011-08-17
CITIGROUP INC P 2011-01-01 2011-09-26
DISCOVER FINL SVCS P 2010-12-02 2011-02-03
EL PASO CORPORATION P 2010-08-17 2011-08-17
FORD MTR CO P 2009-07-30 2011-07-13
GOLDMAN SACHS GP INC 1.70% P 2010-03-05 2011-03-15
HORMEL FOODS CORPORATION P 2010-09-27 2011-02-03
J P MORGAN CHASE & CO P 2009-02-03 2011-01-05
LAM RESEARCH CORP P 2010-12-01 2011-02-03
MCDERMOTT INTERNATIONAL P 2011-01-05 2011-02-03
ORACLE SYSTEM CORP P 2010-03-24 2011-07-13
RAYONIER INC P 2010-10-19 2011-02-03
SOUTHERN CO P 2010-08-10 2011-02-03
THERMO FISHER CORP P 2011-04-07 2011-11-07
VERIZON COMMUNICATIONS P 2011-01-05 2011-02-03
ARCH CAPITAL GROUP LTD P 2010-11-04 2011-02-03
ACTIVISION BLIZZARD INC P 2011-01-26 2011-04-11
BANK OF AMERICA CORP P 2009-12-29 2011-07-13
CABOT OIL & GAS CORP P 2011-01-01 2011-12-19
CITRIX SYS INC P 2011-01-05 2011-02-03
DISCOVER FINL SVCS P 2010-12-02 2011-07-13
ENERGIZER HLDGS INC P 2010-10-01 2011-02-03
FORD MTR CO P 2009-07-30 2011-08-17
GRAINGER W W INC P 2011-09-01 2011-09-26
HORMEL FOODS CORPORATION P 2010-09-27 2011-09-01
J P MORGAN CHASE & CO P 2004-11-04 2011-01-13
LAM RESEARCH CORP P 2010-12-01 2011-08-17
MCDERMOTT INTERNATIONAL P 2011-01-05 2011-07-13
PNC BK CORP P 2010-08-10 2011-01-12
RAYONIER INC P 2010-10-19 2011-08-17
SOUTHERN CO P 2010-08-10 2011-07-13
TRAVELERS COS INC P 2011-03-15 2011-08-17
VERIZON COMMUNICATIONS P 2011-01-05 2011-07-13
ARCH CAPITAL GROUP LTD P 2010-05-01 2011-04-11
ALCOA INC P 2010-11-18 2011-02-03
BANK OF AMERICA CORP P 2011-01-12 2011-12-28
CARDINAL HEALTH INC P 2010-11-18 2011-02-03
CITRIX SYS INC P 2011-04-11 2011-07-13
DISH NETWORK CORP P 2011-01-05 2011-02-03
ENERGIZER HLDGS INC P 2010-10-01 2011-03-07
FORD MTR CO P 2010-12-17 2011-08-17
GRAINGER W W INC P 2011-09-01 2011-12-07
HORMEL FOODS CORPORATION P 2010-09-27 2011-09-01
J P MORGAN CHASE & CO P 2004-11-04 2011-02-03
LAS VEGAS SANDS CORP P 2010-12-03 2011-02-03
MCDERMOTT INTERNATIONAL P 2011-01-05 2011-08-17
PNC BK CORP P 2010-01-01 2011-02-03
RAYONIER INC P 2010-10-19 2011-09-13
SOUTHERN CO P 2010-08-10 2011-08-17
TUPPERWARE CORP P 2011-03-07 2011-12-19
VISHAY INTERTECHNOLOGY INC P 2010-12-02 2011-12-07
ASSURED GUARANTY LTD P 2011-03-21 2011-07-13
ALCO INC P 2010-11-18 2011-07-13
BANK OF AMERICA CORP P 2010-09-13 2011-12-28
CATERPILLAR INC P 2004-11-04 2011-02-01
CITRIX SYS INC P 2011-01-01 2011-09-26
DISH NETWORK CORP P 2011-03-21 2011-05-02
EXPRESS SCRIPTS INC P 2010-11-03 2011-02-03
FOSSIL INC P 2011-01-05 2011-02-03
HSN INC P 2009-12-01 2011-01-07
HUMANA INC P 2010-02-02 2011-02-03
J P MORGAN CHASE & CO P 2004-11-04 2011-07-13
LAS VEGAS SANDS CORP P 2010-12-03 2011-07-13
MURPHY OIL CORP P 2011-05-02 2011-08-17
PEABODY ENERGY CORP P 2009-03-24 2011-02-03
RENT A CTR INC P 2011-01-07 2011-02-03
SOUTHWEST AIRLS CO P 2010-05-04 2011-02-03
US BANCORP P 2010-10-20 2011-02-03
VMWARE INC P 2009-11-11 2011-02-03
ROUNDING P 2011-01-01 2011-12-31
ALCO INC P 2010-11-18 2011-10-24
BANK OF AMERICA CORP P 2009-12-29 2011-12-28
CATERPILLAR INC P 2004-11-04 2011-02-03
CLIFFS NAT RES INC P 2010-08-23 2011-02-03
DISH NETWORK CORP P 2011-03-21 2011-07-13
EXPRESS SCRIPTS INC P 2010-11-03 2011-07-13
FOSSIL INC P 2011-01-05 2011-09-26
HSN INC P 2009-12-01 2011-02-03
HUMANA INC P 2010-02-02 2011-07-13
J P MORGAN CHASE & CO P 2010-12-01 2011-12-06
LAS VEGAS SANDS CORP P 2010-12-03 2011-08-17
NII HLDGS INC P 2009-05-20 2011-02-03
PEABODY ENERGY CORP P 2009-03-24 2011-05-02
RENT A CTR INC P 2011-01-07 2011-05-02
SOUTHWEST AIRLS CO P 2010-05-04 2011-03-03
US BANCORP P 2010-10-20 2011-07-13
WALGREEN CO P 2010-12-03 2011-02-03
ALTERA CORP P 2010-07-27 2011-02-03
BERKSHIRE HATHWAY INC P 2010-09-28 2011-05-31
CEPHALON INC P 2010-04-29 2011-02-03
CLIFFS NAT RES INC P 2010-08-23 2011-11-16
DISH NETWORK CORP P 2011-03-21 2011-08-17
EXXON MOBIL CORP P 2009-07-30 2011-02-03
GAMESTOP CORP P 2011-03-18 2011-07-13
HSN INC P 2009-12-01 2011-03-21
HUMANA INC P 2010-02-02 2011-11-14
JACOBS ENGR GROUP INC P 2011-02-01 2011-02-03
LEGG MASON CLEARBRIDGE MID CAP CORE P 2011-07-25 2011-12-20
NII HLDGS INC P 2009-05-20 2011-12-06
PFIZER INC P 2004-11-04 2011-07-13
RIVERBED TECHNOLOGY INC P 2011-01-05 2011-02-03
SUNTRUST BANKS INC P 2011-03-01 2011-08-17
VALERO REFNG & MARKETING CO P 2011-05-03 2011-07-13
WALGREEN CO P 2010-12-03 2011-11-07
ALTERA CORP P 2010-12-01 2011-12-19
BIG LOTS INC P 2010-11-03 2011-01-05
CEPHALON INC P 2010-04-29 2011-02-25
COCA COLA ENTERPRISES INC P 2010-08-30 2011-02-03
DISH NETWORK CORP P 2011-01-01 2011-12-08
EXXON MOBIL CORP P 2009-07-30 2011-07-13
GAMESTOP CORP P 2011-03-18 2011-08-17
HSN INC P 2010-11-04 2011-03-21
HUNTINGTON INGALLS INDS INC P 2011-01-01 2011-04-26
JACOBS ENGR GROUP INC P 2011-02-01 2011-08-17
LIQUIDITY SERVICES INC P 2010-11-03 2011-02-03
NETFLIX INC P 2010-10-21 2011-02-03
PHILIP MORRIS INTL INC P 2011-02-01 2011-02-03
RIVERBED TECHNOLOGY INC P 2011-01-05 2011-08-17
SYSCO CORP P 2009-04-14 2011-02-03
VALERO REFNG & MARKETING CO P 2011-05-03 2011-12-19
WELLS FARGO & CO P 2004-11-04 2011-02-03
AMAZON COM INC P 2010-12-01 2011-12-19
BIG LOTS INC P 2009-11-18 2011-01-05
CHEVRON TEXACO CORP P 2010-11-05 2011-02-03
COCA COLA ENTERPRISES INC P 2010-08-30 2011-07-13
DIRECTV COM P 2011-01-01 2011-01-05
F5 NETWORKS INC P 2010-07-13 2011-02-01
GENERAL ELECTRIC CO P 2009-03-17 2011-02-03
HALLIBURTON CO P 2010-11-04 2011-02-01
HUNTINGTON INGALLS INDS INC P 2010-10-19 2011-04-27
JOHNSON & JOHNSON P 2004-11-04 2011-02-03
LIQUIDITY SERVICES INC P 2011-05-10 2011-07-13
NETFLIX INC P 2010-10-21 2011-09-20
PHILIP MORRIS INTL INC P 2011-02-01 2011-07-13
ROCHE HOLDING LTD P 2010-04-29 2011-02-03
SYSCO CORP P 2009-04-14 2011-07-13
VALUECLICK INC P 2011-08-01 2011-08-17
WELLS FARGO & CO P 2004-11-04 2011-07-13
APACHE CORP P 2010-12-01 2011-12-19
BOEING CO P 2010-06-14 2011-02-03
CHEVRON TEXACO CORP P 2010-04-12 2011-07-13
COGNIZANT TECH SOLUTIONS P 2010-09-01 2011-02-03
DOLLAR TREE INC P 2010-01-12 2011-02-03
F5 NETWORKS INC P 2011-01-01 2011-02-03
GENERAL ELECTRIC CO P 2009-03-17 2011-07-13
HALLIBURTON CO P 2010-11-04 2011-02-03
HUNTINGTON INGALLS INDS INC P 2010-10-19 2011-08-02
JOHNSON & JOHNSON P 2010-04-01 2011-04-07
LUBRIZOL CORP P 2010-08-10 2011-02-03
NEWFIELD EXPLORATIO COMPANY P 2011-01-05 2011-05-03
PLANTRONICS INC P 2011-08-17 2011-09-26
ROCHE HOLDING LTD P 2010-04-29 2011-02-25
TJX COS INC P 2009-06-05 2011-02-03
VARIAN MED SYS INC P 2010-05-03 2011-01-06
WELLS FARGO & CO NT 6.375% P 2008-08-08 2011-08-01
(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 853   825 28
b 3,431   988 2,443
c 5,372   4,959 413
d 624   623 1
e 3,502   2,689 813
8,651   5,335 3,316
5,843   4,411 1,432
2,862   1,374 1,488
537   308 229
1,633   1,183 450
2,665   2,854 -189
6,421   4,563 1,858
446   423 23
626   523 103
4,884   4,040 844
555   303 252
670   573 97
2,562   1,794 768
874   941 -67
262   338 -76
866   713 153
3,716   3,740 -24
2,827   2,689 138
517   343 174
192,309   174,691 17,618
420   390 30
9,514   8,694 820
2,609   1,654 955
1,708   403 1,305
336   379 -43
2,349   2,200 149
648   638 10
486   376 110
3,322   1,877 1,445
1,039   415 624
1,144   746 398
1,942   2,238 -296
2,119   3,481 -1,362
3,513   3,163 350
1,104   1,178 -74
1,075   761 314
551   343 208
9,974   9,779 195
2,695   2,654 41
570   503 67
297   228 69
447   106 341
301   252 49
696   655 41
3,708   3,655 53
3,546   2,968 578
355   350 5
430   166 264
535   368 167
1,213   394 819
5,175   5,203 -28
2,053   1,853 200
8   8  
3,032   2,255 777
6,905   5,380 1,525
387   375 12
1,374   797 577
790   503 287
5,453   3,998 1,455
966   212 754
2,629   1,904 725
564   583 -19
678   582 96
329   243 86
2,952   3,531 -579
3,899   1,648 2,251
6,764   5,826 938
2,427   2,750 -323
133   114 19
355   280 75
399   407 -8
693   689 4
649   470 179
3,248   3,574 -326
818   498 320
612   525 87
58,751   59,876 -1,125
2,625   599 2,026
673   488 185
4,916   5,245 -329
5,724   4,696 1,028
1,984   2,210 -226
630   555 75
2,489   762 1,727
4,670   4,112 558
13,002   11,436 1,566
4,345   5,472 -1,127
260   187 73
1,703   2,674 -971
4,817   4,499 318
198   118 80
694   335 359
5,125   6,276 -1,151
460   350 110
39,329   35,412 3,917
2,720   2,719 1
1,712   1,573 139
988   944 44
3,789   3,454 335
2,081   2,004 77
2,676   2,845 -169
2,003   762 1,241
2,993   3,310 -317
342   346 -4
572   607 -35
5,503   4,524 979
3,663   7,219 -3,556
920   854 66
6,744   4,081 2,663
133   73 60
100,000   100,000  
496   447 49
3,937   3,895 42
255   237 18
323   306 17
332   259 73
1,188   1,004 184
744   729 15
4,720   5,379 -659
1,264   1,320 -56
889   894 -5
4,351   4,524 -173
206   304 -98
8,054   9,177 -1,123
324   342 -18
534   380 154
656   684 -28
2,694   1,748 946
2,815   2,765 50
295   224 71
4,271   3,725 546
1,765   2,135 -370
204   204  
4,116   3,856 260
6,301   5,271 1,030
405   364 41
5,805   6,484 -679
371   377 -6
12,224   9,923 2,301
424   338 86
1,480   4,128 -2,648
840   728 112
771   751 20
648   627 21
4,301   4,449 -148
1,585   2,346 -761
1,662   1,382 280
4,356   3,535 821
902   776 126
502   492 10
1,846   2,614 -768
627   556 71
20   17 3
7,728   6,922 806
4,201   4,330 -129
1,326   2,122 -796
167   147 20
160   135 25
802   2,094 -1,292
1,664   719 945
6,656   8,731 -2,075
3,276   2,630 646
562   511 51
362   362  
3,776   2,358 1,418
585   500 85
402   388 14
448   492 -44
2,281   3,296 -1,015
320   143 177
317   299 18
459   532 -73
684   572 112
885   415 470
2     2
2,429   3,139 -710
318   896 -578
493   212 281
890   609 281
643   474 169
536   511 25
3,558   2,750 808
704   457 247
821   500 321
1,328   1,542 -214
4,897   5,360 -463
414   182 232
3,827   1,627 2,200
3,555   3,494 61
4,009   4,585 -576
254   229 25
855   744 111
392   288 104
3,371   3,556 -185
297   326 -29
3,262   2,739 523
1,786   1,777 9
2,069   1,773 296
246   210 36
2,669   1,627 1,042
5,478   3,153 2,325
259   263 -4
97,027   110,138 -13,111
1,706   1,401 305
201   283 -82
356   375 -19
2,154   3,301 -1,147
259   272 -13
4,908   5,577 -669
4,849   4,037 812
914   948 -34
3,999   4,631 -632
761   662 99
8,947   7,538 1,409
830   709 121
8,579   8,516 63
3,749   3,226 523
25   24 1
2,142   3,160 -1,018
292   329 -37
1,051   863 188
1,153   1,155 -2
2,272   3,451 -1,179
439   346 93
3,319   4,491 -1,172
981   908 73
6,169   3,121 3,048
5,329   4,447 882
1,444   1,275 169
287   221 66
6,428   6,710 -282
1,765   1,233 532
1,234   592 642
1,684   1,221 463
559   497 62
606   592 14
261   205 56
4,089   5,350 -1,261
670   577 93
373   396 -23
315   231 84
3,150   3,316 -166
280   303 -23
5,042   3,063 1,979
355   326 29
1,060   800 260
758   598 160
248   166 82
1,168   755 413
374   197 177
1,616   1,155 461
33   35 -2
3,258   2,814 444
555   475 80
4,733   5,039 -306
2,164   2,550 -386
4,290   4,593 -303
970   605 365
2,824   2,351 473
25,000   25,000  
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       28
b       2,443
c       413
d       1
e       813
      3,316
      1,432
      1,488
      229
      450
      -189
      1,858
      23
      103
      844
      252
      97
      768
      -67
      -76
      153
      -24
      138
      174
      17,618
      30
      820
      955
      1,305
      -43
      149
      10
      110
      1,445
      624
      398
      -296
      -1,362
      350
      -74
      314
      208
      195
      41
      67
      69
      341
      49
      41
      53
      578
      5
      264
      167
      819
      -28
      200
       
      777
      1,525
      12
      577
      287
      1,455
      754
      725
      -19
      96
      86
      -579
      2,251
      938
      -323
      19
      75
      -8
      4
      179
      -326
      320
      87
      -1,125
      2,026
      185
      -329
      1,028
      -226
      75
      1,727
      558
      1,566
      -1,127
      73
      -971
      318
      80
      359
      -1,151
      110
      3,917
      1
      139
      44
      335
      77
      -169
      1,241
      -317
      -4
      -35
      979
      -3,556
      66
      2,663
      60
       
      49
      42
      18
      17
      73
      184
      15
      -659
      -56
      -5
      -173
      -98
      -1,123
      -18
      154
      -28
      946
      50
      71
      546
      -370
       
      260
      1,030
      41
      -679
      -6
      2,301
      86
      -2,648
      112
      20
      21
      -148
      -761
      280
      821
      126
      10
      -768
      71
      3
      806
      -129
      -796
      20
      25
      -1,292
      945
      -2,075
      646
      51
       
      1,418
      85
      14
      -44
      -1,015
      177
      18
      -73
      112
      470
      2
      -710
      -578
      281
      281
      169
      25
      808
      247
      321
      -214
      -463
      232
      2,200
      61
      -576
      25
      111
      104
      -185
      -29
      523
      9
      296
      36
      1,042
      2,325
      -4
      -13,111
      305
      -82
      -19
      -1,147
      -13
      -669
      812
      -34
      -632
      99
      1,409
      121
      63
      523
      1
      -1,018
      -37
      188
      -2
      -1,179
      93
      -1,172
      73
      3,048
      882
      169
      66
      -282
      532
      642
      463
      62
      14
      56
      -1,261
      93
      -23
      84
      -166
      -23
      1,979
      29
      260
      160
      82
      413
      177
      461
      -2
      444
      80
      -306
      -386
      -303
      365
      473
       
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 56,170
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 -10,386
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 65,683 1,379,126 0.047627
2009 68,176 1,285,174 0.053048
2008 70,998 1,481,833 0.047912
2007 64,998 1,717,210 0.037851
2006 71,480 1,632,569 0.043784
2 Total of line 1, column (d) ...................... 2 0.230222
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 0.046044
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 1,461,167
5 Multiply line 4 by line 3....................... 5 67,278
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 692
7 Add lines 5 and 6......................... 7 67,970
8 Enter qualifying distributions from Part XII, line 4.............. 8 65,101
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 1,385
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,385
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,385
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 600
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 785
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
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)bulletTX
    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 addressbulletN/A
    14
    The books are in care ofbulletCAPITAL ONE NA Telephone no.bullet (903) 838-2000
    Located atbullet2318 RICHMOND RDTEXARKANATX ZIP+4bullet75503
    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
     
     
    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
     
     
    .........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
     
     
    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
     
     
    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
    CAPITAL ONE NAClick to see attachment TRUSTEE
    1.00     		17,864 0 0
    PO BOX 451
    TEXARKANA,TX75504
    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  
    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 (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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,483,418
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,483,418
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,483,418
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    22,251
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,461,167
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    73,058
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    73,058
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,385
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,385
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    71,673
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    71,673
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    71,673
    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
    65,101
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    65,101
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    65,101
    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 71,673
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009....... 2,264
    e From 2010.......  
    fTotal of lines 3a through e......... 2,264
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 65,101
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 65,101
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 2,264 2,264
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		4,308
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    INDIVIDUAL'S SCHOOL COUNSELOR
    BOWIE COUNTY
    BOWIE COUNTY,TX75503
    (903) 838-2000
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION INCLUDES (1) COPY OF ACT FINANCIAL AID PACKET, (2) HIGH SCHOOL TRANSCRIPT, INCLUDING ACT SCORE AND (3) SIGNATURE LETTER.
    cAny submission deadlines:
    APRIL OF CURRENT YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTED TO BOWIE COUNTY, TEXAS, GRADUATES
    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
    LAURA HERNANDEZ
    FINANCIAL AID OFFICE
    JONESBORO,AR72401     		    TUITION AND BOOKS 1,500
    ALEX PERRY
    PO BOX 97028
    WACO,TX76798     		    TUITION AND BOOKS 1,500
    BRIONNA MCALPHIN
    PO BOX 97028
    WACO,TX76798     		    TUITION AND BOOKS 2,250
    COURTNEY LEWIS
    STUDENT FINANCIAL AID OFF
    SEARCY,AR72143     		    TUITION AND BOOKS 4,500
    BRITTANY HEARN
    1600 WASHINGTON AVE
    CONWAY,AR72032     		    TUITION AND BOOKS 1,500
    CALEB STEPHENS
    PO BOX 7925
    RUSTON,LA71272     		    TUITION AND BOOKS 1,500
    CALEB STEPHENS
    PO BOX 1307
    MT PLEASANT,TX75456     		    TUITION AND BOOKS 786
    MEGAN SHELBY
    500 W UNIVERSITY
    SHAWNEE,OK74804     		    TUITION AND BOOKS 2,250
    CALAB STEPHENS
    410 QUACHITA ST
    ARKADEPHIA,AR71998     		    TUITION AND BOOKS 750
    LINDSEY BARNHART
    410 QUACHITA ST
    ARKADEPHIA,AR71998     		    TUITION AND BOOKS 1,500
    MORGAN SEALS
    100 EAST UNIVERSITY
    MAGNOLIA,AR71753     		    TUITION AND BOOKS 1,500
    MATTHEW WHITE
    100 EAST UNIVERSITY
    MAGNOLIA,AR71753     		    TUITION AND BOOKS 1,500
    TAYRN SORSBY
    100 EAST UNIVERSITY
    MAGNOLIA,AR71753     		    TUITION AND BOOKS 1,500
    DEREK HUBBARD
    6185 AIRLINE ROAD
    DALLAS,TX75275     		    TUITION AND BOOKS 1,500
    CALEB STEPHENS
    2500 N ROBINSON ROAD
    TEXARKANA,TX75599     		    TUITION AND BOOKS 495
    DANIEL BRYAN
    2500 N ROBINSON ROAD
    TEXARKANA,TX75599     		    TUITION AND BOOKS 1,500
    MORGAN HALL
    1501 TEXAS AVENUE-SOUTH
    COLLEGE STATION,TX77840     		    TUITION AND BOOKS 1,500
    KORY BROWNING
    1501 TEXAS AVENUE-SOUTH
    COLLEGE STATION,TX77840     		    TUITION AND BOOKS 1,500
    LINDSEY MCCARTY
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 2,250
    JUSTIN STEELE
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 750
    DAVID BARNHART
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 3,000
    LAUREN FOSTER
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 3,000
    REBECCA COURTNEY
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 1,500
    DALTON HOLLEY
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 3,000
    SHASTITIY NEAL
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 750
    REBECCA BORN
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 1,500
    CAITLIN CLEM
    701 UNIVERSITY AVE
    TEXARKANA,TX75505     		    TUITION AND BOOKS 1,500
    JESSICA HUNTER
    3601 4TH STREET
    LUBBOCK,TX79430     		    TUITION AND BOOKS 1,500
    JAKAYLA BRWER
    FINANCIAL AID OFFICE
    DENTON,TX76204     		    TUITION AND BOOKS 1,500
    JORDAN MCCONNELL
    FINANCIAL AID OFFICE
    DENTON,TX76204     		    TUITION AND BOOKS 1,500
    JUSTIN STEELE
    114 SILAS HUNT HALL
    FAYETTEVILLE,AR72701     		    TUITION AND BOOKS 2,250
    ZACHARY FRY
    2801 S UNIVERSITY AVENUE
    LITTLE ROCK,AR72204     		    TUITION AND BOOKS 750
    ASHLEY REESE
    FINANCIAL AID OFFICE
    CONWAY,AR72035     		    TUITION AND BOOKS 1,500
    SHELBY CARLOW
    FINANCIAL AID OFFICE
    CONWAY,AR72035     		    TUITION AND BOOKS 1,500
    DAVEON WILLIS
    31 E CULLEN BUILDING
    HOUSTON,TX77201     		    TUITION AND BOOKS 1,500
    JAMES ATCHISON
    FINANCIAL AID OFFICE
    DENTON,TX76201     		    TUITION AND BOOKS 1,500
    DAVID BARNHART
    FINANCIAL AID OFFICE
    DENTON,TX76201     		    TUITION AND BOOKS 1,500
    JOE YATES III
    FINANCIAL AID OFFICE
    DENTON,TX76201     		    TUITION AND BOOKS 1,500
    SAMANTHA BARAKET
    FINANCIAL AID OFFICE
    DENTON,TX76201     		    TUITION AND BOOKS 1,500
    ZACHARY FRY
    FINANCIAL AID OFFICE
    DENTON,TX76201     		    TUITION AND BOOKS 750
    TAYLOR CARLOW
    1610 ASP AVENUE STE 300
    NORMAN,OK73072     		    TUITION AND BOOKS 1,500
    DAVID BURKLAND
    STUDENT FINANCIAL AID OFF
    ARLINGTON,TX76010     		    TUITION AND BOOKS 1,500
    REFUND OF SCHOLARSHIPS
    PO BOX 451
    TEXARKANA,TX75504     		    TUITION AND BOOKS -9,750
    Total .................................bullet 3a 58,281
    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 2,323  
    4 Dividends and interest from securities....     14 26,874  
    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 56,170  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMISCELLANEOUS     41 3,857  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   89,224  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1389,224
    (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:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,620 1,216   404

    TY 2011 CompensationExplanation
    Name:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Person Name Explanation
    CAPITAL ONE NA  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FEDERATED ULTRASHORT BOND FD 214,557 213,636
    FIDELITY ADVISOR INVEST GRADE BOND 147,721 157,230
    GOLDMAN SACHS GP INC 1.70%    
    HONEYWELL INTL INC SR NT 5.40% 20,798 23,260
    PIMCO FDS TOTAL RETURN FD 164,246 160,497
    WELLS FARGO & CO 6.375%    

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 3,101 3,034
    AETNA INC 2,739 2,785
    AFLAC INC    
    ALASKA AIR GROUP INC 4,088 5,256
    ALCOA INC    
    ALTERA CORP    
    AMAZON COM INC    
    AMERISOURCEBARGEN CORP 4,960 4,835
    ANCESTRY COM INC 2,871 2,066
    APACHE CORP 8,082 8,333
    APPLE INC COM 11,565 31,995
    APPLIED MATLS INC 1,787 1,607
    ARCH CAPITAL GROUP LTD    
    ARCHER DANIELS MIDLAND CO    
    ASSURED GUARANTY LTD 6,895 6,820
    AT&T INC    
    AVAGO TECHNOLOGIES LTD 4,370 3,665
    BANK OF AMERICA CORP 7,117 2,685
    BERKSHIRE HATHAWAY INC    
    BIG LOTS INC    
    BOEING CO    
    BROADCOM CORP    
    CARDINAL HEALTH INC 5,893 6,579
    CATERPILLAR INC COM 3,814 7,067
    CEPHALON INC    
    CHEVRON CORP 11,967 15,960
    CHIPOTLE MEXICAN GRILL INC 2,114 8,444
    CHUBB CORP 7,854 8,722
    CISCO SYS INC 3,791 4,104
    CITIGROUP INC    
    CLIFFS NAT RES INC    
    COCA-COLA ENTERPRISES INC 5,145 6,007
    COGNIZANT TECH SOLUTIONS CRP    
    CONOCOPHILLIPS COM 3,009 6,048
    COSTCO WHSL CORP 5,785 6,249
    CSX CORP    
    DENTSPLY INTL INC 5,197 5,109
    DIRECTV GROUP INC 8,961 8,381
    DISCOVER FINL SVCS 7,857 9,936
    DOLLAR TREE INC    
    DU PONT E I DE NEMOURS & CO 9,215 9,248
    DUKE ENERGY HLDG CORP 7,536 8,910
    EL PASO CORPORATION    
    ELECTRONICS ARTS INC 3,020 2,863
    ENERGIZER HLDGS INC    
    EXPRESS SCRIPTS INC 4,570 4,335
    EXXON MOBIL CORP 14,365 21,614
    F5 NETWORKS INC    
    FEDERATED ULTRASHORT BOND FD    
    FIDELITY ADVISOR INVEST GRADE BOND    
    FIDELITY ADVISOR MID CAP II FD A    
    FLUOR CORP 3,691 3,015
    FORD MTR CO    
    FREEPORT-MCMORAN COPPER & GOLD INC 2,126 1,656
    GENERAL DYNAMICS CORP 6,153 6,309
    GENERAL ELEC CO 4,196 6,358
    GENUINE PARTS CO 4,597 5,508
    GILEAD SCIENCES INC 5,269 5,526
    GOLDMAN SACHS GROUP INC    
    GRAINGER W W INC 8,449 11,419
    HALLIBURTON CO    
    HANSEN NATURAL CORP 4,878 8,938
    HELMERICH & PAYNE INC 9,531 9,571
    HERBALIFE LTD 5,843 5,425
    HILL ROM HLDGS 6,374 6,132
    HONEYWELL INTERNATIONAL INC 2,877 2,935
    HORMEL FOODS CORP    
    HSN INC 4,078 4,351
    HUMANA INC 2,038 3,855
    INTEL CORP 3,162 3,274
    INTERNATIONAL BUSINESS MACHS 7,500 13,423
    INTERNATIONAL PAPER CO 2,003 2,605
    INTUIT COM    
    INTUITIVE SURGICAL INC 5,185 5,556
    ISHARES TR MSCI EAFE INDEX FD    
    ISHARES TR RUSSELL 2000 VALUE INDEX    
    J P MORGAN CHASE & CO 4,972 5,520
    JABIL CIRCUIT INC 1,332 1,278
    JOHNSON & JOHNSON COM    
    JOY GLOBAL INC 3,414 4,423
    KEYCORP 3,504 3,814
    LAM RESEARCH CORP    
    LAS VEGAS SANDS CORP    
    LAUDER ESTEE COS INC 4,157 4,268
    LEGG MASON CLEARBRIDGE MID CAP CORE 83,007 74,420
    LIBERTY MEDIA CORPORATION 2,647 2,732
    LIMITED BRANDS INC 3,191 3,632
    LIQUIDITY SERVICES INC 6,437 12,952
    LUBRIZOL CORP    
    MACYS INC 6,088 7,948
    MANPOWER INC 3,807 2,789
    MASTERCARD INC 7,550 8,202
    MCDONALDS CORP 5,226 6,020
    METLIFE INC 6,991 5,675
    MOLYCORP INC 3,326 2,398
    NASDAQ OMX GROUP INC 5,146 4,804
    NATIONAL-OILWELL INC 7,332 7,139
    NETFLIX INC    
    NEXTERA ENERGY INC 5,852 6,392
    NII HLDGS INC    
    NOBLE ENERGY INC 5,077 5,663
    NORFOLK SOUTHN CORP 5,180 5,465
    NORTHROP GRUMMAN CORP 5,212 5,497
    NOVARTIS    
    NUCOR CORP 2,450 2,572
    ORACLE CORP 10,523 9,747
    PEABODY ENERGY CORP    
    PFIZER INC 11,658 10,993
    PHILIP MORRIS INTL INC 9,335 13,812
    PIMCO FDS TOTAL RETURN FD    
    PLAINS EXPL & PRODTN CO 3,362 3,709
    PNC FINL SVCS GROUP INC 2,951 3,230
    PRICELINE COM INC 3,206 3,274
    PROCTER & GAMBLE CO 3,792 5,137
    PROGRESS ENERGY INC    
    QUALCOMM INC 7,718 8,205
    RAYONIER INC 1,640 2,187
    ROCHE HOLDING LTD    
    ROUNDING 1  
    ROYCE PENNSYLVANIA MUTUAL FUND 58,000 58,321
    SALESFORCE COM INC    
    SANDISK CORP    
    SEMPRA ENERGY 6,774 7,425
    SIMON PPTY GROUP INC 5,312 5,802
    SKYWORKS SOLUTIONS INC    
    SMITHFIELD FOODS INC 4,716 4,637
    SOUTHERN CO    
    SOUTHWEST AIRLS CO    
    SYSCO CORP 3,830 4,869
    THERMO FISHER CORP    
    THONBURG INTERNATIONAL VALUE FD 105,000 106,210
    TJX COS INC 3,451 7,359
    TOTAL SYS SVCS INC 2,022 2,015
    UNITED THERAPEUTICS CORP 2,698 2,882
    US BANCORP 5,450 6,438
    VALUECLICK INC    
    VARIAN MED SYS INC 4,931 5,773
    VERIFONE HLDGS INC    
    VERIZON COMMUNICATIONS INC 11,388 12,116
    VF CORP 3,530 3,556
    VISHAY INTERTECHNOLOGY INC    
    VMWARE INC 2,239 4,492
    VODAFONE GROUP 1,694 1,738
    WALGREEN CO    
    WELLPOINT INC 2,738 2,584
    WELLS FARGO & CO 7,411 6,752
    WELLS FARGO ADVANTAGE EMERGING MKTS 16,500 16,666
    WESCO INTERNATIONAL INC    
    WHIRLPOOL CORP    
    WHOLE FOODS MARKET INC 4,998 5,079

    TY 2011 OtherExpensesSchedule
    Name:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADMINISTRATIVE FEES 1,950     1,950
    MISCELLANEOUS 392 392    


    TY 2011 OtherIncomeSchedule2
    Name:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 3,857    


    TY 2011 TaxesSchedule
    Name:
    JACK & CHARLOTTE OWEN
    ED SCHOL TRUST
    EIN: 75-6414441
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 198 198    
    2010 FEDERAL TAX 331 331    
    2011 FEDERAL ESTIMATED TAX PMTS 600 600