TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

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

Amended returnAddress changeName change

Name of foundation
VIOLET H MCLENDON EDUCATIONAL TRUST

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

63-6160114

B Telephone number (see page 10 of the instructions)

(336) 747-8182

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$5,831,337J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	94		94
4	Dividends and interest from securities......	207,020		207,020
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-27,531
b	Gross sales price for all assets on line 6a 1,116,133
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).......		1,480
12	Total. Add lines 1 through 11........	181,063		207,114
13	Compensation of officers, directors, trustees, etc.	31,081		23,311		7,770
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		4,578	4,578		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		12,320	2,362		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).......		15	15
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	47,994		30,266	0	7,770
25	Contributions, gifts, grants paid........	241,768				241,768
26	Total expenses and disbursements. Add lines 24 and 25	289,762		30,266	0	249,538
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-108,699
b	Net investment income (if negative, enter -0-)			176,848
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	99,500	426,945	426,945
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	5,911,307	864,257	1,044,934
	c	Investments—corporate bonds (attach schedule)........	6,696
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		4,631,757	4,359,458
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,017,503	5,922,959	5,831,337
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	6,017,503	5,922,959
	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)....................	6,017,503	5,922,959
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	6,017,503	5,922,959

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	6,017,503
2	Enter amount from Part I, line 27a.....................	2	-108,699
3	Other increases not included in line 2 (itemize)	3	22,458
4	Add lines 1, 2, and 3..........................	4	5,931,262
5	Decreases not included in line 2 (itemize)	5	8,303
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	5,922,959

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	160. ABB LTD SPONSORED ADR	2011-06-03	2011-09-01
b	103. ABB LTD SPONSORED ADR	2011-05-26	2011-09-07
c	103. ABB LTD SPONSORED ADR	2011-06-21	2011-09-07
d	103. ABB LTD SPONSORED ADR	2011-06-28	2011-09-08
e	9. AGILENT TECHNOLOGIES INC COM	2010-09-03	2011-04-05
	7. AGILENT TECHNOLOGIES INC COM	2010-02-02	2011-04-05
	15. AGILENT TECHNOLOGIES INC COM	2010-02-02	2011-04-06
	11. AGILENT TECHNOLOGIES INC COM	2010-02-02	2011-04-28
	31. AGILENT TECHNOLOGIES INC COM	2010-02-04	2011-05-04
	17. AGILENT TECHNOLOGIES INC COM	2010-02-04	2011-05-13
	29. AGILENT TECHNOLOGIES INC COM	2010-02-05	2011-05-19
	21. AGILENT TECHNOLOGIES INC COM	2010-02-05	2011-05-19
	11. AGILENT TECHNOLOGIES INC COM	2010-02-05	2011-06-30
	35. AGILENT TECHNOLOGIES INC COM	2010-02-05	2011-08-22
	62. AGILENT TECHNOLOGIES INC COM	2010-09-02	2011-08-22
	81. AGILENT TECHNOLOGIES INC COM	2010-02-05	2011-08-22
	10. ALEXION PHARMACEUTICALS INC COM	2011-08-15	2011-10-07
	10. ALEXION PHARMACEUTICALS INC COM	2011-08-15	2011-11-14
	8. ALLERGAN INC COM W/RIGHTS ATTACHED EXP 2/18/2010	2010-03-30	2011-04-28
	25. ALLERGAN INC COM W/RIGHTS ATTACHED EXP 2/18/2010	2011-08-31	2011-11-22
	13. ALLERGAN INC COM W/RIGHTS ATTACHED EXP 2/18/2010	2010-03-29	2011-11-23
	9. ALLERGAN INC COM W/RIGHTS ATTACHED EXP 2/18/2010	2011-08-12	2011-11-23
	5. ALLERGAN INC COM W/RIGHTS ATTACHED EXP 2/18/2010	2010-03-01	2011-12-05
	10. ALLERGAN INC COM W/RIGHTS ATTACHED EXP 2/18/2010	2010-03-01	2011-12-23
	6. AMAZON COM INC COM	2011-04-05	2011-04-15
	7. AMAZON COM INC COM	2010-08-25	2011-04-18
	8. AMAZON COM INC COM	2011-04-05	2011-04-18
	6. AMAZON COM INC COM	2011-04-05	2011-05-13
	7. AMAZON COM INC COM	2011-04-27	2011-07-15
	1. AMAZON COM INC COM	2010-07-27	2011-12-16
	1. AMAZON COM INC COM	2011-04-27	2011-12-16
	17. AMAZON COM INC COM	2010-07-27	2011-12-19
	59. AMERICAN EXPRESS CO COM	2009-07-24	2011-01-14
	61. AMERICAN EXPRESS CO COM	2009-07-27	2011-02-24
	58. AMERICAN EXPRESS CO COM	2009-07-27	2011-02-25
	59. AMERICAN EXPRESS CO COM	2009-07-17	2011-02-25
	58. AMERICAN EXPRESS CO COM	2009-07-17	2011-02-28
	1. AMERICAN TOWER CORP CL A	2008-02-06	2011-03-21
	51. AMERICAN TOWER CORP CL A	2010-03-30	2011-03-21
	32. AMERICAN TOWER CORP CL A	2008-09-25	2011-03-22
	35. AMERICAN TOWER CORP CL A	2008-09-25	2011-04-05
	21. AMERICAN TOWER CORP CL A	2008-09-26	2011-04-06
	31. AMERICAN TOWER CORP CL A	2008-09-26	2011-04-15
	27. AMERICAN TOWER CORP CL A	2008-09-26	2011-04-15
	55. AMERICAN TOWER CORP CL A	2008-01-25	2011-04-18
	38. AMERICAN TOWER CORP CL A	2009-02-06	2011-04-19
	33. AMERICAN TOWER CORP CL A	2009-02-06	2011-04-19
	7. AMERICAN TOWER CORP CL A	2011-07-06	2011-12-05
	17. AMERICAN TOWER CORP CL A	2011-07-06	2011-12-08
	9. AMERICAN TOWER CORP CL A	2011-07-06	2011-12-09
	1. APPLE COMPUTER INC COM	2011-10-07	2011-11-14
	52.00085 ARM HLDGS PLC SPONSORED ADR	2011-02-04	2011-08-18
	9.99915 ARM HLDGS PLC SPONSORED ADR	2011-02-02	2011-08-18
	11494.253 ARTIO INTERNATIONAL EQ FD 3# 1529	2007-01-25	2011-09-20
	1. BAIDU INC ADR	2011-01-24	2011-04-05
	43. BAIDU INC ADR	2011-01-24	2011-07-21
	11. BAIDU INC ADR	2010-06-04	2011-12-20
	9. BAIDU INC ADR	2010-06-04	2011-12-20
	79. BAKER HUGHES INC COM	2011-07-28	2011-09-01
	6. BAKER HUGHES INC COM	2011-04-28	2011-09-02
	39. BAKER HUGHES INC COM	2011-07-14	2011-10-03
	52. BAKER HUGHES INC COM	2011-07-13	2011-10-04
	47. BAKER HUGHES INC COM	2011-04-04	2011-12-05
	47. BAKER HUGHES INC COM	2011-05-09	2011-12-06
	54. BAKER HUGHES INC COM	2011-05-06	2011-12-07
	688. CITIGROUP INC COM	2010-12-07	2011-03-02
	1605. CITIGROUP INC COM	2010-11-10	2011-03-03
	39. CITRIX SYS INC COM	2010-09-08	2011-01-24
	20. CITRIX SYS INC COM	2010-08-24	2011-01-25
	21. CITRIX SYS INC COM	2010-08-24	2011-01-25
	21. CITRIX SYS INC COM	2011-03-17	2011-10-05
	3. CITRIX SYS INC COM	2010-08-17	2011-12-19
	4.00013 CITRIX SYS INC COM	2011-03-17	2011-12-19
	12.99987 CITRIX SYS INC COM	2011-03-17	2011-12-19
	21. COACH INC COM W/RTS ATTACHED EXP 5/2/2011	2011-09-13	2011-11-21
	23. COACH INC COM W/RTS ATTACHED EXP 5/2/2011	2011-09-13	2011-11-23
	44. COGNIZANT TECH SOLUTIONS CRP COM	2011-02-22	2011-12-19
	28. COGNIZANT TECH SOLUTIONS CRP COM	2011-02-22	2011-12-21
	29. COGNIZANT TECH SOLUTIONS CRP COM	2011-03-07	2011-12-22
	18. CONOCOPHILLIPS COM	2010-08-05	2011-01-21
	74. CONOCOPHILLIPS COM	2010-08-03	2011-01-27
	73. CONOCOPHILLIPS COM	2010-07-30	2011-01-28
	74. CONOCOPHILLIPS COM	2010-07-28	2011-01-28
	3. CUMMINS INC COM	2011-02-07	2011-03-01
	13. CUMMINS INC COM	2011-02-07	2011-03-11
	22. CUMMINS INC COM	2010-07-13	2011-03-11
	8. CUMMINS INC COM	2011-04-21	2011-11-08
	6. CUMMINS INC COM	2010-07-13	2011-11-08
	10. DANAHER CORP COM	2011-04-27	2011-11-14
	24. DANAHER CORP COM	2011-04-27	2011-11-21
	160. DELTA AIR LINES INC	2009-10-19	2011-01-03
	158. DELTA AIR LINES INC	2009-10-21	2011-01-04
	167. DELTA AIR LINES INC	2009-10-23	2011-01-05
	167. DELTA AIR LINES INC	2009-11-11	2011-01-05
	23. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-03-25	2011-05-26
	77. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-03-25	2011-06-13
	49. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-03-02	2011-06-28
	69. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-03-02	2011-06-30
	10. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-02-03	2011-07-25
	19. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-01-21	2011-08-11
	215. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-02-03	2011-08-12
	10. DIRECTV-CLASS A	2010-11-04	2011-11-14
	26. DIRECTV-CLASS A	2010-11-04	2011-11-22
	5. DIRECTV-CLASS A	2010-11-04	2011-12-08
	15. DIRECTV-CLASS A	2011-08-31	2011-12-08
	8. DIRECTV-CLASS A	2011-08-31	2011-12-09
	4037.685 DODGE & COX INT'L STOCK FD # 1048	2007-01-25	2011-09-20
	115. DOW CHEM CO COM	2011-05-04	2011-06-30
	10. DOW CHEM CO COM	2011-05-03	2011-07-25
	56. DOW CHEM CO COM	2011-05-04	2011-08-11
	166. DOW CHEM CO COM	2011-05-05	2011-08-12
	4719.552 DREYFUS/THE BOSTON CA S/C - I #6944	2007-01-30	2011-12-27
	14. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-27	2011-04-28
	25. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-27	2011-05-06
	12. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-27	2011-05-20
	48. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-27	2011-06-03
	46. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-26	2011-06-06
	10. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-23	2011-06-30
	78. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-23	2011-09-20
	77. EATON CORP COM W/RTS EXP 07/12/2005	2010-07-23	2011-10-04
	52. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008	2010-11-01	2011-01-26
	47. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008	2010-11-02	2011-01-27
	67. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008	2010-11-02	2011-01-28
	70. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008	2010-11-02	2011-01-31
	3. EXPRESS SCRIPTS INC CL A W/RIGHTS ATTACHED EXP 7/25/2001	2010-12-30	2011-02-16
	21. EXPRESS SCRIPTS INC CL A W/RIGHTS ATTACHED EXP 7/25/2001	2011-01-13	2011-02-16
	22. EXPRESS SCRIPTS INC CL A W/RIGHTS ATTACHED EXP 7/25/2001	2010-12-31	2011-03-18
	26. EXPRESS SCRIPTS INC CL A W/RIGHTS ATTACHED EXP 7/25/2001	2009-11-03	2011-03-18
	160. EXPRESS SCRIPTS INC CL A W/RIGHTS ATTACHED EXP 7/25/2001	2010-02-05	2011-07-21
	14. EXXON MOBIL CORP COM	2011-10-12	2011-11-22
	12. F5 NETWORKS INC COM	2011-02-04	2011-03-02
	10. F5 NETWORKS INC COM	2011-02-04	2011-03-07
	14. F5 NETWORKS INC COM	2010-06-21	2011-03-07
	31. F5 NETWORKS INC COM	2010-06-23	2011-03-17
	31. F5 NETWORKS INC COM	2010-06-30	2011-03-18
	159. FORD MTR CO DEL COM	2010-07-01	2011-02-04
	62. FORD MTR CO DEL COM	2010-07-01	2011-02-07
	40. FORD MTR CO DEL COM	2010-07-01	2011-03-01
	26. FORD MTR CO DEL COM	2010-07-01	2011-03-04
	227. FORD MTR CO DEL COM	2009-11-09	2011-03-04
	282. FORD MTR CO DEL COM	2009-11-06	2011-03-09
	285. FORD MTR CO DEL COM	2009-11-05	2011-03-10
	34. GENERAL ELEC CO COM	2011-02-02	2011-04-27
	52. GENERAL ELEC CO COM	2011-02-02	2011-05-20
	130. GENERAL ELEC CO COM	2011-02-02	2011-06-21
	141. GENERAL ELEC CO COM	2011-02-01	2011-10-05
	152. GENERAL ELEC CO COM	2011-01-31	2011-10-05
	311. GENERAL ELEC CO COM	2011-09-02	2011-10-06
	85. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2011-05-09	2011-07-13
	64. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2011-01-31	2011-09-01
	266. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2011-10-07	2011-10-19
	50. HERTZ GLOBAL HOLDINGS INC	2011-04-20	2011-05-24
	24. HERTZ GLOBAL HOLDINGS INC	2011-04-20	2011-05-25
	26. HESS CORP	2011-02-01	2011-04-14
	10. HESS CORP	2011-02-02	2011-04-15
	7. HESS CORP	2011-02-02	2011-04-27
	127. HESS CORP	2011-02-02	2011-05-04
	43. HUNTINGTON INGALLS INDUSTRIES	2009-05-22	2011-04-05
	.4998 HUNTINGTON INGALLS INDUSTRIES	2009-05-22	2011-04-07
	4990.02 ING REAL ESTATE FUND CL-I #2190	2008-04-24	2011-09-07
	114. INTL BUSINESS MACHINES CORP COM	1991-12-02	2011-06-21
	38. ITAU UNIBANCO BANCO HOLDING S.A. ADR	2010-05-25	2011-06-30
	68. ITAU UNIBANCO BANCO HOLDING S.A. ADR	2010-05-25	2011-10-21
	103. ITAU UNIBANCO BANCO HOLDING S.A. ADR	2010-05-25	2011-11-08
	188. ITAU UNIBANCO BANCO HOLDING S.A. ADR	2010-05-25	2011-11-09
	66. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2011-03-07	2011-09-07
	64. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2011-03-18	2011-09-08
	61. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2011-03-18	2011-09-09
	67. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2011-02-08	2011-09-12
	63. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2011-02-07	2011-09-13
	10. JUNIPER NETWORKS INC COM	2011-05-13	2011-06-09
	115. JUNIPER NETWORKS INC COM	2009-11-13	2011-09-15
	33. JUNIPER NETWORKS INC COM	2011-07-25	2011-09-15
	232. JUNIPER NETWORKS INC COM	2010-06-30	2011-09-16
	32. KOHLS CORP COM	2010-11-26	2011-01-18
	33. KOHLS CORP COM	2010-11-24	2011-01-19
	67. KOHLS CORP COM	2010-11-23	2011-01-19
	32. KOHLS CORP COM	2010-11-19	2011-01-20
	59. MACY'S INC	2010-10-11	2011-04-05
	128. MACY'S INC	2010-08-16	2011-04-26
	119. MACY'S INC	2010-08-16	2011-04-27
	117. MACY'S INC	2010-08-12	2011-04-27
	223. MARATHON PETROLEUM CORP	2009-02-06	2011-07-08
	.5 MARATHON PETROLEUM CORP	2009-02-06	2011-07-14
	66. MARRIOTT INTL INC NEW CL A	2010-06-17	2011-01-21
	22. MARRIOTT INTL INC NEW CL A	2010-06-18	2011-02-02
	23. MARRIOTT INTL INC NEW CL A	2010-06-18	2011-02-03
	44. MARRIOTT INTL INC NEW CL A	2010-06-18	2011-02-04
	44. MARRIOTT INTL INC NEW CL A	2010-06-15	2011-02-07
	91. MARRIOTT INTL INC NEW CL A	2010-07-15	2011-02-08
	5. MASTERCARD INC	2011-04-15	2011-06-30
	1. MASTERCARD INC	2011-04-15	2011-07-25
	7. MASTERCARD INC	2011-04-15	2011-11-23
	2. MASTERCARD INC	2011-04-07	2011-12-05
	1. MASTERCARD INC	2011-04-06	2011-12-08
	2. MASTERCARD INC	2011-04-06	2011-12-09
	13. METLIFE INC COM	2011-03-07	2011-04-28
	53. METLIFE INC COM	2011-03-08	2011-06-10
	41. METLIFE INC COM	2011-03-08	2011-06-14
	40. METLIFE INC COM	2011-03-04	2011-06-15
	44. METLIFE INC COM	2011-03-24	2011-06-15
	87. METLIFE INC COM	2011-03-24	2011-06-15
	143. MICRON TECHNOLOGY INC COM	2011-02-25	2011-06-07
	305. MICRON TECHNOLOGY INC COM	2011-02-25	2011-06-10
	304. MICRON TECHNOLOGY INC COM	2011-02-08	2011-06-13
	.2854 MOTOROLA SOLUTIONS, INC.	2010-06-01	2011-01-11
	.375 MOTOROLA MOBILITY HOLDINGS INC	2010-06-01	2011-01-07
	207. MOTOROLA MOBILITY HOLDINGS INC	2009-02-06	2011-02-01
	37. MOTOROLA MOBILITY HOLDINGS INC	2010-06-01	2011-02-01
	2537.305 MUNDER MIDCAP CORE GROWTH FD-Y #32	2009-01-15	2011-12-27
	161. NATIONAL OILWELL INC COM	2009-10-05	2011-04-13
	110. NATIONAL OILWELL INC COM	2010-07-01	2011-04-13
	22. NETAPP INC	2009-12-07	2011-02-14
	26. NETAPP INC	2009-12-08	2011-02-15
	61. NETAPP INC	2009-12-08	2011-02-18
	61. NETAPP INC	2010-02-18	2011-02-22
	14. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009	2010-03-01	2011-10-13
	51. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009	2011-02-17	2011-10-13
	62. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009	2010-03-31	2011-10-14
	68. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009	2010-03-29	2011-10-17
	13. OCCIDENTAL PETE CORP COM	2010-10-11	2011-01-21
	3. OCCIDENTAL PETE CORP COM	2011-05-04	2011-12-05
	3. OCCIDENTAL PETE CORP COM	2011-05-04	2011-12-05
	11. OCCIDENTAL PETE CORP COM	2011-05-04	2011-12-08
	35. ORACLE CORP COM	2010-09-30	2011-04-05
	45. ORACLE CORP COM	2010-09-17	2011-05-17
	10. ORACLE CORP COM	2011-10-07	2011-11-14
	95.00182 ORACLE CORP COM	2010-09-17	2011-12-22
	9.99818 ORACLE CORP COM	2010-09-17	2011-12-22
	5655.042 PIMCO FOREIGN BOND FUND-INST	2007-01-18	2011-08-29
	28. PARKER HANNIFIN CORP COM W/RTS ATTACHED EXP 01/31/2007	2011-04-05	2011-05-05
	33. PARKER HANNIFIN CORP COM W/RTS ATTACHED EXP 01/31/2007	2011-01-19	2011-05-05
	33. PARKER HANNIFIN CORP COM W/RTS ATTACHED EXP 01/31/2007	2011-01-20	2011-05-06
	33. PARKER HANNIFIN CORP COM W/RTS ATTACHED EXP 01/31/2007	2011-01-21	2011-05-06
	33. PARKER HANNIFIN CORP COM W/RTS ATTACHED EXP 01/31/2007	2011-03-14	2011-05-09
	12. PRECISION CASTPARTS CORP COM W/RIGHTS ATTACHED EXPIRING	2010-04-23	2011-03-10
	9. PRECISION CASTPARTS CORP COM W/RIGHTS ATTACHED EXPIRING	2010-04-27	2011-03-15
	3. PRECISION CASTPARTS CORP COM W/RIGHTS ATTACHED EXPIRING	2011-05-06	2011-11-14
	7. PRECISION CASTPARTS CORP COM W/RIGHTS ATTACHED EXPIRING	2011-10-05	2011-12-08
	1. PRICELINE COM INC	2009-11-05	2011-03-01
	1. PRICELINE COM INC	2011-04-01	2011-09-13
	9. SALESFORCE COM INC	2011-01-06	2011-08-18
	11. SALESFORCE COM INC	2011-01-06	2011-12-07
	17. SALESFORCE COM INC	2011-09-15	2011-12-19
	19. SALESFORCE COM INC	2011-09-15	2011-12-23
	8. SALESFORCE COM INC	2010-06-30	2011-12-23
	26. SALESFORCE COM INC	2010-07-01	2011-12-27
	28. SALESFORCE COM INC	2010-07-01	2011-12-28
	51. STARBUCKS CORP COM	2011-03-10	2011-07-06
	17. STARBUCKS CORP COM	2011-03-11	2011-12-08
	13. STARBUCKS CORP COM	2011-03-11	2011-12-09
	89. TD AMERITRADE HLDG CORP	2011-03-08	2011-08-31
	183. TD AMERITRADE HLDG CORP	2011-04-27	2011-09-01
	181. TD AMERITRADE HLDG CORP	2011-03-02	2011-09-02
	10. TJX COS INC NEW COM	2011-09-20	2011-11-14
	11. TJX COS INC NEW COM	2011-09-20	2011-12-05
	11. TJX COS INC NEW COM	2011-09-20	2011-12-08
	12. TJX COS INC NEW COM	2011-09-20	2011-12-09
	3. UNION PAC CORP COM	2011-06-09	2011-07-08
	14. UNION PAC CORP COM	2011-06-09	2011-11-21
	16. UNION PAC CORP COM	2010-11-04	2011-11-30
	9. UNION PAC CORP COM	2011-03-18	2011-11-30
	8. UNION PAC CORP COM	2010-11-04	2011-12-08
	6. UNION PAC CORP COM	2010-11-04	2011-12-09
	26. UNITEDHEALTH GRP INC COM	2010-11-30	2011-04-21
	22. UNITEDHEALTH GRP INC COM	2010-11-30	2011-07-07
	4. UNITEDHEALTH GRP INC COM	2010-02-09	2011-07-07
	27. UNITEDHEALTH GRP INC COM	2010-02-09	2011-07-08
	76. UNITEDHEALTH GRP INC COM	2011-12-01	2011-12-23
	30. VMWARE INC	2010-12-08	2011-01-24
	16. VMWARE INC	2010-10-04	2011-04-01
	16. VMWARE INC	2010-10-04	2011-04-01
	31. VMWARE INC	2010-10-11	2011-04-04
	52. VMWARE INC	2010-11-03	2011-04-05
	41. DAIMLERCHRYSLER AG COM	2010-03-31	2011-01-31
	26. DAIMLERCHRYSLER AG COM	2010-03-31	2011-04-29
	47. DAIMLERCHRYSLER AG COM	2010-03-30	2011-05-02
	48. DAIMLERCHRYSLER AG COM	2010-03-30	2011-05-03
	23. LYONDELLBASELL INDU-CL A	2010-10-15	2011-02-03
	52. LYONDELLBASELL INDU-CL A	2010-10-15	2011-02-04
	54. LYONDELLBASELL INDU-CL A	2010-10-15	2011-02-04
	54. LYONDELLBASELL INDU-CL A	2010-10-12	2011-02-07
	55. LYONDELLBASELL INDU-CL A	2010-10-08	2011-02-07

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,413	4,241	-828
b	1,974	2,692	-718
c	1,987	2,655	-668
d	1,960	2,612	-652
e	408	267	141
	317	206	111
	681	442	239
	553	324	229
	1,533	908	625
	891	497	394
	1,488	847	641
	1,077	613	464
	570	321	249
	1,097	1,020	77
	1,898	1,789	109
	2,480	2,328	152
	647	529	118
	654	529	125
	633	516	117
	1,997	1,933	64
	1,028	819	209
	712	668	44
	422	298	124
	869	597	272
	1,085	1,112	-27
	1,236	848	388
	1,412	1,483	-71
	1,224	1,188	36
	1,468	1,355	113
	182	117	65
	182	194	-12
	3,092	1,984	1,108
	2,727	1,743	984
	2,672	1,785	887
	2,525	1,666	859
	2,568	1,624	944
	2,533	1,573	960
	47	38	9
	2,376	2,175	201
	1,531	1,225	306
	1,784	1,330	454
	1,067	791	276
	1,569	1,165	404
	1,368	1,004	364
	2,725	2,038	687
	1,878	1,337	541
	1,623	968	655
	416	379	37
	986	921	65
	525	487	38
	384	376	8
	1,226	1,502	-276
	236	289	-53
	120,000	175,747	-55,747
	142	105	37
	6,550	4,423	2,127
	1,258	825	433
	1,053	675	378
	4,775	6,210	-1,435
	351	465	-114
	1,770	2,930	-1,160
	2,287	3,845	-1,558
	2,596	3,458	-862
	2,537	3,378	-841
	2,767	3,785	-1,018
	3,151	3,160	-9
	7,447	7,029	418
	2,522	2,350	172
	1,236	1,169	67
	1,309	1,226	83
	1,176	1,490	-314
	190	175	15
	254	271	-17
	824	881	-57
	1,245	1,183	62
	1,351	1,284	67
	2,872	3,394	-522
	1,769	2,156	-387
	1,855	2,229	-374
	1,221	1,028	193
	5,104	4,130	974
	5,119	3,982	1,137
	5,241	4,031	1,210
	302	335	-33
	1,264	1,451	-187
	2,139	1,594	545
	809	871	-62
	607	434	173
	495	552	-57
	1,107	1,324	-217
	1,996	1,445	551
	1,983	1,413	570
	2,132	1,428	704
	2,181	1,347	834
	933	799	134
	2,959	2,660	299
	1,863	1,546	317
	2,672	2,150	522
	407	308	99
	615	585	30
	7,126	6,498	628
	459	462	-3
	1,197	1,202	-5
	229	230	-1
	688	669	19
	368	357	11
	120,000	177,658	-57,658
	4,079	4,685	-606
	360	407	-47
	1,592	2,257	-665
	4,895	6,606	-1,711
	107,417	117,800	-10,383
	770	544	226
	1,310	971	339
	616	466	150
	2,343	1,862	481
	2,182	1,769	413
	514	376	138
	3,099	2,935	164
	2,679	2,889	-210
	3,061	2,849	212
	2,766	2,563	203
	3,905	3,651	254
	4,022	3,804	218
	173	163	10
	1,212	1,214	-2
	1,155	1,187	-32
	1,364	1,086	278
	8,770	6,601	2,169
	1,070	1,085	-15
	1,393	1,460	-67
	1,089	1,216	-127
	1,525	1,038	487
	3,221	2,265	956
	3,110	2,175	935
	2,499	1,685	814
	1,005	652	353
	593	420	173
	371	273	98
	3,242	1,820	1,422
	4,035	2,128	1,907
	4,034	2,129	1,905
	705	704	1
	1,020	1,077	-57
	2,434	2,674	-240
	2,144	2,871	-727
	2,294	3,069	-775
	4,694	5,601	-907
	4,507	3,953	554
	2,779	2,679	100
	9,320	10,691	-1,371
	800	863	-63
	376	439	-63
	2,068	2,228	-160
	791	856	-65
	581	591	-10
	9,765	10,263	-498
	1,726	1,202	524
	19	14	5
	75,000	80,982	-5,982
	18,946	2,624	16,322
	897	647	250
	1,228	1,157	71
	1,927	1,753	174
	3,336	3,138	198
	2,018	2,745	-727
	1,917	2,601	-684
	1,774	2,444	-670
	1,928	2,647	-719
	1,830	2,417	-587
	322	398	-76
	2,472	2,991	-519
	709	1,225	-516
	4,736	5,797	-1,061
	1,646	1,950	-304
	1,683	1,860	-177
	3,422	3,731	-309
	1,648	1,748	-100
	1,456	1,341	115
	3,082	2,603	479
	2,941	2,410	531
	2,867	2,354	513
	9,254	7,666	1,588
	20	11	9
	2,669	2,333	336
	885	775	110
	929	810	119
	1,757	1,527	230
	1,755	1,510	245
	3,606	2,890	716
	1,514	1,333	181
	317	267	50
	2,438	1,860	578
	754	531	223
	372	265	107
	746	531	215
	602	598	4
	2,151	2,436	-285
	1,716	1,861	-145
	1,619	1,801	-182
	1,775	1,972	-197
	3,418	3,861	-443
	1,287	1,629	-342
	2,586	3,464	-878
	2,525	3,401	-876
	11	8	3
	12	9	3
	5,779	2,750	3,029
	1,033	855	178
	72,339	41,536	30,803
	11,952	6,836	5,116
	8,166	3,589	4,577
	1,305	730	575
	1,525	861	664
	3,236	2,012	1,224
	3,161	1,945	1,216
	569	730	-161
	2,071	3,603	-1,532
	2,565	3,149	-584
	2,816	3,340	-524
	1,269	1,079	190
	298	324	-26
	298	324	-26
	1,026	1,190	-164
	1,196	944	252
	1,531	1,213	318
	322	302	20
	2,437	2,561	-124
	256	270	-14
	60,000	57,229	2,771
	2,505	2,630	-125
	2,952	2,998	-46
	2,936	2,913	23
	2,937	2,888	49
	2,934	2,856	78
	1,664	1,600	64
	1,272	1,192	80
	499	473	26
	1,116	1,096	20
	447	170	277
	520	513	7
	1,052	1,289	-237
	1,339	1,708	-369
	1,801	2,308	-507
	1,863	2,450	-587
	785	697	88
	2,622	2,258	364
	2,772	2,411	361
	2,066	1,898	168
	732	629	103
	569	479	90
	1,367	2,014	-647
	2,793	4,036	-1,243
	2,638	3,887	-1,249
	611	576	35
	696	633	63
	687	633	54
	757	691	66
	312	302	10
	1,401	1,349	52
	1,632	1,478	154
	918	861	57
	808	736	72
	606	547	59
	1,253	969	284
	1,151	814	337
	209	131	78
	1,395	881	514
	3,897	3,666	231
	2,639	2,558	81
	1,301	1,343	-42
	1,304	1,320	-16
	2,479	2,482	-3
	4,094	4,030	64
	3,000	1,924	1,076
	2,001	1,218	783
	3,675	2,196	1,479
	3,666	2,223	1,443
	837	617	220
	1,886	1,390	496
	1,952	1,415	537
	1,971	1,392	579
	1,957	1,373	584

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			-828
b			-718
c			-668
d			-652
e			141
			111
			239
			229
			625
			394
			641
			464
			249
			77
			109
			152
			118
			125
			117
			64
			209
			44
			124
			272
			-27
			388
			-71
			36
			113
			65
			-12
			1,108
			984
			887
			859
			944
			960
			9
			201
			306
			454
			276
			404
			364
			687
			541
			655
			37
			65
			38
			8
			-276
			-53
			-55,747
			37
			2,127
			433
			378
			-1,435
			-114
			-1,160
			-1,558
			-862
			-841
			-1,018
			-9
			418
			172
			67
			83
			-314
			15
			-17
			-57
			62
			67
			-522
			-387
			-374
			193
			974
			1,137
			1,210
			-33
			-187
			545
			-62
			173
			-57
			-217
			551
			570
			704
			834
			134
			299
			317
			522
			99
			30
			628
			-3
			-5
			-1
			19
			11
			-57,658
			-606
			-47
			-665
			-1,711
			-10,383
			226
			339
			150
			481
			413
			138
			164
			-210
			212
			203
			254
			218
			10
			-2
			-32
			278
			2,169
			-15
			-67
			-127
			487
			956
			935
			814
			353
			173
			98
			1,422
			1,907
			1,905
			1
			-57
			-240
			-727
			-775
			-907
			554
			100
			-1,371
			-63
			-63
			-160
			-65
			-10
			-498
			524
			5
			-5,982
			16,322
			250
			71
			174
			198
			-727
			-684
			-670
			-719
			-587
			-76
			-519
			-516
			-1,061
			-304
			-177
			-309
			-100
			115
			479
			531
			513
			1,588
			9
			336
			110
			119
			230
			245
			716
			181
			50
			578
			223
			107
			215
			4
			-285
			-145
			-182
			-197
			-443
			-342
			-878
			-876
			3
			3
			3,029
			178
			30,803
			5,116
			4,577
			575
			664
			1,224
			1,216
			-161
			-1,532
			-584
			-524
			190
			-26
			-26
			-164
			252
			318
			20
			-124
			-14
			2,771
			-125
			-46
			23
			49
			78
			64
			80
			26
			20
			277
			7
			-237
			-369
			-507
			-587
			88
			364
			361
			168
			103
			90
			-647
			-1,243
			-1,249
			35
			63
			54
			66
			10
			52
			154
			57
			72
			59
			284
			337
			78
			514
			231
			81
			-42
			-16
			-3
			64
			1,076
			783
			1,479
			1,443
			220
			496
			537
			579
			584

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-27,531
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010
2009
2008
2007
2006

2	Total of line 1, column (d) ......................	2
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
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
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)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,537
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	3,537
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	3,537
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	6,284
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	6,284
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,747
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax2,747	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

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

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(336) 747-8182

Located at bullet

1 W 4TH ST 6TH FLOORWINSTON SALEMNC ZIP+4 bullet

271013818

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

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

At any time during calendar year 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? .................

Yes

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)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2011?.............

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

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

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

2009, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 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.)....................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (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	31,081
1525 WEST WT HARRIS BLVD D1114 044 CHARLOTTE,NC282881161	TRUSTEE 40	31,081

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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (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.)

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

purposes:

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

5,949,401

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

254,320

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

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

6,203,721

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

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

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

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

6,203,721

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

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

93,056

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

6,110,665

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

305,533

Part XI

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

and do not complete this part.)

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

305,533

Tax on investment income for 2011 from Part VI, line 5......

3,537

Income tax for 2011. (This does not include the tax from Part VI.)...

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

3,537

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

301,996

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

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

301,996

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

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

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

301,996

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

249,538

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

249,538

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

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

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

249,538

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)

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					301,996
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				181,854
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: $ 249,538
a Applied to 2010, but not more than line 2a				181,854
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.....					67,684
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 ..........					234,312
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)

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ANDREW COLLEGE 413 COLLEGE STREET CUTHBERT,GA31740	NONE	PUBLIC CHARITY	CONTRIBUTION	33,384
CHIPOLA JUNIOR COLLEGE 3094 INDIAN CIRCLE MARIANNA,FL32446	NONE	EXEMPT	SUPPORT	200,000
WILLMER HALL EPISCOPAL CH C/O SALLY GREENE 3811 OLD SHELL ROAD MOBILE,AL36608	NONE	PUBLIC CHARITY	CONTRIBUTION	8,384
Total ................................. 3a				241,768

bApproved for future payment

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

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
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	94
4 Dividends and interest from securities....			14	207,020
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	-27,531
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aRECOVERIES			01	1,480
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				181,063

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

13181,063

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2011)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
04315J860 ARTIO GLOBAL FD#1525
256210105 DODGE&COX INCOME FD
693390700 PIMCO TOT RTN FD #35
921937850 VANGUARD S-T #1349
693391559 PIMCO EMERG MKT #137
693390882 PIMCO FORGN FD #103
025083320 AMERICAN CENTURY#336
26203E851 DREYFUS BOSTON #6944
339128100 JPMORGAN MIDCAP #758
626124242 MUNDER MIDCAP #32
784924425 SSGA EMERG MKT #1510
900297763 TURNER MIDCAP #1309
04315J837 ARTIO INTL FD #1529
256206103 DODGE&COX INTL FD
411511306 HARBOR INTL FD #2011
44981V706 ING RE FD #2190
46625H365 JP MORGAN ALERIAN
61744J317 MORGAN STANLEY #8001
722005667 PIMCO COMMOD FD #45
20030N101 COMCAST CORP CLASS A	12,775	18,233
548661107 LOWES COS INC	17,433	21,598
039483102 ARCHER DANIELS MID	11,972	15,816
126650100 CVS CAREMARK CORP	13,368	19,493
494368103 KIMBERLY CLARK CORP	17,352	19,420
50075N104 KRAFT FOODS INC	16,164	19,876
786514208 SAFEWAY INC NEW	25,301	17,232
166764100 CHEVRON CORP	13,723	20,003
20825C104 CONOCOPHILLIPS	13,145	18,509
565849106 MARATHON OIL CORP	15,843	17,211
637071101 NATIONAL OILWELL VAR
969457100 WILLIAMS COS INC	16,439	23,444
020002101 ALLSTATE CORP	18,618	15,514
064058100 BANK NEW YORK MELLON	19,809	14,395
571748102 MARSH & MCLENNAN	14,526	19,668
89417E109 TRAVELERS COMPANIES	9,436	17,929
071813109 BAXTER INTL INC	13,696	15,982
14149Y108 CARDINAL HEALTH INC	11,252	18,356
478160104 JOHNSON & JOHNSON	17,350	17,510
58933Y105 MERCK & CO INC	15,403	17,267
717081103 PFIZER INC	18,748	21,012
74834L100 QUEST DIAGNOSTICS	14,970	18,057
666807102 NORTHROP GRUMMAN	13,921	17,661
94106L109 WASTE MANAGEMENT INC	16,789	14,981
458140100 INTEL CORP	15,170	19,012
459200101 IBM CORP
620076109 MOTOROLA INC	11,531	20,738
984121103 XEROX CORP	14,413	15,657
263534109 DU PONT DE NEMOURS	7,976	15,382
00206R102 AT&T INC	21,058	18,174
92343V104 VERIZON COMMUNIC	17,353	20,301
281020107 EDISON INTL COM	12,398	18,299
743263105 PROGRESS ENERGY INC	18,692	22,744
023135106 AMAZON COM INC	6,323	12,117
345370860 FORD MOTOR CO
500255104 KOHLS CORP
55616P104 MACY'S INC
571903202 MARRIOTT INTERNATL
741503403 PRICELINE COM INC	6,253	15,902
25490A101 DIRECTV GROUP	15,837	16,420
254687106 WALT DISNEY CO
20825C104 CONOCOPHILLIPS
406216101 HALLIBURTON CO
651290108 NEWFIELD EXPL CO
674599105 OCCIDENTAL PETE CORP	17,338	18,927
025816109 AMERICAN EXPRESS CO
172967101 CITIGROUP INC
018490102 ALLERGAN INC
302182100 EXPRESS SCRIPTS INC
91324P102 UNITEDHEALTH GROUP
231021106 CUMMINS INC	8,214	10,474
247361702 DELTA AIRLINES INC
278058102 EATON CORP
291011104 EMERSON ELECTRIC CO
740189105 PRECISION CASTPARTS	11,095	14,007
907818108 UNION PACIFIC CORP	9,417	11,124
00846U101 AGILENT TECHNOLOGIES
037833100 APPLE INC	10,612	46,170
177376100 CITRIX SYS INC	7,556	7,954
268648102 EMC CORP MASS	7,235	9,542
315616102 F5 NETWORKS INC	1,266	1,273
38259P508 GOOGLE INC CL A	19,517	20,669
48203R104 JUNIPER NETWORKS INC
64110D104 NETAPP INC
68389X105 ORACLE CORP	11,997	11,953
747525103 QUALCOMM INC	17,880	19,473
79466L302 SALESFORCE COM INC	2,411	2,841
928563402 VMWARE INC
029912201 AMERICAN TOWER SYSTM
056752108 BAIDU INC
D1668R123 DAIMLERCHRYSLER AG
N53745100 LYONDELLBASELL INDUS
04314H709 ARTISAN MID CAP VALU
131649709 CALVERT CAPTL ACCUMU
780905451 ROYCE PREMIER FUND W
766111507 RAYTHEON CO	18,422	18,530
17275R102 CISCO SYSTEMS INC	18,505	21,624
189754104 COACH INC	7,253	9,095
256677105 DOLLAR GENERAL CORP	7,950	8,557
550021109 LULULEMON ATHELITCA	8,015	7,559
855244109 STARBUCKS CORP	8,572	10,950
872540109 TJX COS INC	11,018	12,716
22160K105 COSTCO WHOLESALE	10,402	10,498
13342B105 CAMERON INTL CORP	8,753	8,116
30231G102 EXXON MOBIL CORP	10,196	11,527
015351109 ALEXION PHARMACEUTIC	6,895	9,081
018490102 ALLERGAN INC	6,420	9,651
156782104 CERNER CORP	7,411	7,901
91324P102 UNITEDHEALTH GROUP	10,213	14,849
235851102 DANAHER CORP	18,122	16,088
42805T105 HERTZ GLOBAL HOLDING	10,094	7,348
192446102 COGNIZANT TECH SOLUT	10,884	9,711
278642103 EBAN INC	10,752	10,434
57636Q104 MASTERCARD INC	6,862	9,693
92826C839 VISA INC-CLASS A	14,891	17,463
61166W101 MONSANTO CO	11,067	11,001
029912201 AMERICAN TOWER SYSTE	11,985	14,222

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
04315J860 ARTIO GLOBAL HIGH IN	AT COST	284,256	247,830
256210105 DODGE & COX INCOME	AT COST	737,000	779,801
693390700 PIMCO TOTAL RETURN	AT COST	603,185	589,157
921937850 VANGUARD SHORT TERM	AT COST	200,000	205,222
693391559 PIMCO EMERGING MKT	AT COST	265,404	274,590
693390882 PIMCO FOREIGN BOND	AT COST	144,410	150,974
025083320 AMERICAN CENTURY	AT COST	75,653	122,994
04314H709 ARTISAN MID CAP VALU	AT COST	36,106	35,797
131649709 CALVERT CAPITAL ACCU	AT COST	36,106	35,540
339128100 JP MORGAN MID CAP	AT COST	183,315	165,416
780905451 ROYCE PREMIER FUND	AT COST	107,039	106,238
900297763 TURNER MIDCAP GROWTH	AT COST	136,023	147,452
04315J837 ARTIO INTERNATIONAL	AT COST	159,253	99,468
256206103 DODGE & COX INTERNAT	AT COST	224,342	149,085
411511306 HARBOR INTERNATIONAL	AT COST	100,000	87,797
784924425 SSGA EMERGING MKT	AT COST	279,706	262,142
44981V706 ING RE FUND	AT COST	344,177	446,367
46625H365 JP MORGAN ALERIAN	AT COST	100,054	110,285
61744J317 MORGAN STANLEY INSTI	AT COST	335,000	140,438
722005667 PIMCO COMMODITY RTN	AT COST	234,000	154,191
042068106 ARM HOLDINGS PLC-ADR	AT COST	7,408	7,748
Y0486S104 AVAGO TECHNOLOGIES	AT COST	9,457	8,225
056752108 BAIDU INC	AT COST	4,784	7,454
29358Q109 ENSCO INTERNATIONAL	AT COST	8,058	7,929
806857108 SCHLUMBERGER LTD	AT COST	10,129	9,837
82481R106 SHIRE PLC	AT COST	6,892	7,481

Description	Amount
MUTUAL FUND POSTING AFTER TYE	4,015
ROC BASIS ADJUSTMENT	3,861
WASH SALES DISALLOWED	397
ROUNDING	30

Category	Amount	Net Investment Income
FOREIGN TAXES	115	115
FEDERAL TAX PAYMENT - PRIOR YE	3,674	0
FEDERAL ESTIMATES - PRINCIPAL	6,284	0
FOREIGN TAXES ON QUALIFIED FOR	2,108	2,108
FOREIGN TAXES ON NONQUALIFIED	139	139