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
THE FRANCES NEAL BOYD CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)C/O REGIONS BANK P O BOX 2886 Room/suite

City or town, state, and ZIP code
MOBILE, AL366522886

A Employer identification number

58-6260854

B Telephone number (see page 10 of the instructions)

(601) 354-8458

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

$2,035,733J 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	12		12
4	Dividends and interest from securities......	63,728		64,194
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		111,565
b	Gross sales price for all assets on line 6a 801,045
7	Capital gain net income (from Part IV, line 2)...			111,565
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	175,305		175,771
13	Compensation of officers, directors, trustees, etc.	18,498		9,249		9,249
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).......		800	0	0	800
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		1,452	363		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	20,750		9,612	0	10,049
25	Contributions, gifts, grants paid........	85,398				85,398
26	Total expenses and disbursements. Add lines 24 and 25	106,148		9,612	0	95,447
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	69,157
b	Net investment income (if negative, enter -0-)			166,159
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..........	61,462	28,871	28,871
	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)	243,433	231,567	240,898
	b	Investments—corporate stock (attach schedule)........	816,006	758,043	872,030
	c	Investments—corporate bonds (attach schedule)........	695,207	866,784	893,934
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	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)	1,816,108	1,885,265	2,035,733
	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.........	1,816,108	1,885,265
	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)....................	1,816,108	1,885,265
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,816,108	1,885,265

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	1,816,108
2	Enter amount from Part I, line 27a.....................	2	69,157
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	1,885,265
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,885,265

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	161.71 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 1	P	2006-08-15	2011-01-18
b	632.24 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-01-18
c	435.25 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-01-18
d	463. FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-01-18
e	122.43 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-01-18
	190. EATON CORP	P	2008-12-01	2011-01-24
	117.26 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-01-25
	48.88 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-01-25
	102.58 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-01-25
	49.99 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-01-25
	572.32 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-01-25
	620.47 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-01-25
	520.72 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-01-25
	14000. CITIGROUP INC FDIC GUARANTEED DTD 08/06/2009 2.25% 12/10/2012	P	2009-12-15	2011-01-28
	6000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2009-12-14	2011-01-28
	1000. GENERAL ELECTRIC CO 5% 02/01/2013	P	2005-10-05	2011-02-09
	6000. GENERAL ELECTRIC CO 5% 02/01/2013	P	2007-12-10	2011-02-09
	13000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2009-12-14	2011-02-14
	126.05 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 1	P	2006-08-15	2011-02-15
	563.26 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-02-15
	375.9 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-02-15
	418.06 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-02-15
	102.87 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-02-15
	96.54 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-02-25
	49.1 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-02-25
	401.54 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-02-25
	49.47 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-02-25
	420.38 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-02-25
	450.58 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-02-25
	378.25 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-02-25
	6000. VERIZON COMMUNICATIONS 5.55% 02/15/201	P	2007-11-08	2011-03-10
	117.98 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 1	P	2006-08-15	2011-03-15
	519.32 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-03-15
	289.15 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-03-15
	304.66 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-03-15
	90.1 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-03-15
	3000. CONOCOPHILLIPS DTD 2/3/09 6.5% 02/01/203	P	2009-05-20	2011-03-24
	3000. CONOCOPHILLIPS DTD 2/3/09 6.5% 02/01/203	P	2009-05-21	2011-03-25
	77.34 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-03-25
	49.98 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-03-25
	312.17 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-03-25
	5086.9 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-03-25
	781.95 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-03-25
	124.03 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-03-25
	468.41 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-03-25
	10000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2009-12-14	2011-04-07
	36000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2010-07-08	2011-04-07
	101.41 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 1	P	2006-08-15	2011-04-15
	401.63 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-04-15
	272.91 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-04-15
	311.81 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-04-15
	79.71 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-04-15
	99.34 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-04-25
	49.62 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-04-25
	272.21 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-04-25
	43.56 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-04-25
	101.82 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-04-25
	448.63 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-04-25
	424.61 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-04-25
	50. CONOCOPHILLIPS COM	P	2008-12-01	2011-05-05
	40. EXXON MOBIL CORP	P	2005-09-30	2011-05-05
	50. GENUINE PARTS CO	P	2005-10-25	2011-05-05
	80. NORFOLK SOUTHN CORP COM W/RIGHTS ATTACHED EXP 9/26/2010	P	2008-12-01	2011-05-05
	290. PROGRESS ENERGY INC	P	2007-08-17	2011-05-05
	100. SPECTRA ENERGY CORP	P	2008-02-20	2011-05-05
	3000. FEDERATED MID-CAP INDEX FUND-SS	P	2008-12-01	2011-05-06
	7000. GENERAL ELECTRIC CO 5% 02/01/2013	P	2007-12-10	2011-05-06
	1000. MFS RESH INTL FD CL I	P	2008-01-11	2011-05-06
	3000. TRAVELERS COMPANIES, INC. CALLABLE SERIES: MTN 6.25% 06/15/2037	P	2007-09-05	2011-05-06
	1600. VANGUARD SMALL CAP INDEX INS CL	P	2008-12-01	2011-05-06
	1000. TRAVELERS COMPANIES, INC. CALLABLE SERIES: MTN 6.25% 06/15/2037	P	2011-04-07	2011-05-10
	3000. TRAVELERS COMPANIES, INC. CALLABLE SERIES: MTN 6.25% 06/15/2037	P	2008-04-08	2011-05-10
	84.79 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 10	P	2006-08-15	2011-05-16
	313.67 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-05-16
	247.82 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-05-16
	244.03 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-05-16
	62.6 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-05-16
	75.39 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-05-25
	238.83 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-05-25
	77.16 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-05-25
	232.44 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-05-25
	40.07 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-05-25
	123.23 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/	P	2011-04-07	2011-05-25
	44.36 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-05-25
	345.35 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-05-25
	307.99 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-05-25
	320.07 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-05-25
	164.9 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/0	P	2011-04-07	2011-05-25
	80. AUTOMATIC DATA PROCESSING INC CO COM	P	2005-10-25	2011-05-31
	40. CATERPILLAR INC	P	2010-06-28	2011-05-31
	100. MEADWESTVACO CORPORATION	P	2010-08-12	2011-05-31
	340. MORGAN STANLEY DEAN WITTER & CO	P	2008-12-01	2011-05-31
	40. TRAVELERS COMPANIES, INC.	P	2010-06-28	2011-05-31
	1348.774 FEDERATED MID-CAP INDEX FUND-SS	P	2009-10-08	2011-06-01
	1000. VANGUARD S/T BOND INDEX-SIG	P	2010-12-13	2011-06-01
	600. VANGUARD SMALL CAP INDEX INS CL	P	2008-12-01	2011-06-01
	1000. PFIZER INC DTD 3/24/09 6.2% 03/15/2019	P	2010-02-04	2011-06-07
	1000. TELEFONICA EMISIONES SAU DTD 02/16/2011	P	2011-03-10	2011-06-07
	1000. UNITED STATES TREAS BDS DTD 8/15/93 6.25% 08/15/2023	P	2009-06-10	2011-06-07
	1038.3 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375%	P	2009-11-10	2011-06-07
	1000. VERIZON COMMUNICATIONS DTD 03/28/2011 6%	P	2011-03-23	2011-06-07
	6000. UNITED STATES TREAS BD DTD 2/15/2001 5.375% 02/15/2031	P	2010-12-10	2011-06-10
	8000. UNITED STATES TREASURY N/B DTD 02/17/09	P	2011-02-14	2011-06-10
	75.4 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 10/	P	2006-08-15	2011-06-15
	323.53 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-06-15
	216.65 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-06-15
	276.47 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-06-15
	72.82 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-06-15
	15000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-03-15	2011-06-15
	63.29 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-06-27
	199.84 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-06-27
	52.32 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-06-27
	220.28 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-06-27
	99.82 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-06-27
	113.38 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/	P	2011-04-07	2011-06-27
	44.05 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-06-27
	483.75 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-06-27
	411.03 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-06-27
	353.78 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-06-27
	164.99 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-06-27
	1000. ANHEUSER-BUSCH INBEV WOR DTD 01/27/2011	P	2011-01-28	2011-07-07
	1000. CSX CORP DTD 3/27/08 6.25% 04/01/2015	P	2010-02-09	2011-07-07
	1000. GOLDMAN SACHS GROUP INC DTD 2/5/09 7.5%	P	2010-05-20	2011-07-07
	1000. TIME WARNER CABLE 6.75% 07/01/2018	P	2009-08-11	2011-07-07
	1044.71 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375	P	2009-11-10	2011-07-07
	64.32 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 10	P	2006-08-15	2011-07-15
	333.87 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-07-15
	214.54 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-07-15
	255.63 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-07-15
	66.32 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-07-15
	71.48 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-07-25
	206.47 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-07-25
	52.53 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-07-25
	214.58 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-07-25
	329.86 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-07-25
	111.4 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/0	P	2011-04-07	2011-07-25
	44.31 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-07-25
	440.03 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-07-25
	21.34 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-07-25
	313.9 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/0	P	2007-11-08	2011-07-25
	135.49 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-07-25
	190. CLOROX CO COM	P	2008-08-22	2011-08-02
	2862.04 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5%	P	2006-08-15	2011-08-09
	11162.58 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-08-09
	8052.58 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-08-09
	9824.37 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-08-09
	2416.31 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-08-09
	64000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-07-07	2011-08-09
	81.57 FEDERAL HOME LOAN MORTGAGE CORP POOL #G11769 DTD 09/01/05 5% 10	P	2006-08-15	2011-08-15
	279.92 FEDERAL HOME LOAN MTG CORP POOL #G12206	P	2006-08-15	2011-08-15
	201.5 FEDERAL HOME LOAN MTG CORP POOL #G12335	P	2006-12-11	2011-08-15
	230.71 FEDERAL HOME LOAN MTG CORP POOL #G12410	P	2007-03-07	2011-08-15
	52.62 FEDERAL HOME LOAN MTG CORP POOL #G18048	P	2007-01-10	2011-08-15
	5000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-07-07	2011-08-18
	3000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-07-07	2011-08-24
	71.32 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-08-25
	204.35 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-08-25
	50.76 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-08-25
	209.18 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-08-25
	205.93 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-08-25
	101.98 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/	P	2011-04-07	2011-08-25
	4035.08 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-08-25
	74.57 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-08-25
	125.61 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-08-25
	324.93 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-08-25
	139.29 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-08-25
	33503.04 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.37	P	2009-12-14	2011-08-25
	4187.88 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375	P	2011-08-09	2011-08-25
	8000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-07-15	2011-09-13
	8000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-07-15	2011-09-15
	163.17 FEDERAL NATIONAL MORTGAGE ASSN POOL #254	P	2011-08-09	2011-09-26
	340.25 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0	P	2011-08-09	2011-09-26
	70.4 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5% 0	P	2007-04-09	2011-09-26
	370.27 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/	P	2011-08-09	2011-09-26
	210.88 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-09-26
	3148.85 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-09-26
	214.41 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-09-26
	534.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-09-26
	102.46 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/	P	2011-04-07	2011-09-26
	66.39 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-09-26
	841.73 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-09-26
	25.72 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-09-26
	272.13 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-09-26
	143.26 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-09-26
	453.53 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	P	2011-08-09	2011-09-26
	76000. UNITED STATES TREASURY N/B DTD 11/30/09	P	2011-09-01	2011-10-06
	130. V F CORP	P	2010-06-28	2011-10-12
	124.07 FEDERAL NATIONAL MORTGAGE ASSN POOL #254	P	2011-08-09	2011-10-25
	715.47 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0	P	2011-08-09	2011-10-25
	78.9 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5% 0	P	2007-04-09	2011-10-25
	364.49 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/	P	2011-08-09	2011-10-25
	206.11 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-10-25
	47.42 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-10-25
	231.08 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-10-25
	41.02 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-10-25
	93.48 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/0	P	2011-04-07	2011-10-25
	39.27 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-10-25
	240.53 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-10-25
	220.92 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-10-25
	231.28 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-10-25
	130.82 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-10-25
	779.86 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	P	2011-08-09	2011-10-25
	7000. BB& T CORPORATION DTD 7/27/09 3.85% 07/2	P	2010-04-28	2011-10-28
	1000. BB& T CORPORATION DTD 7/27/09 3.85% 07/2	P	2011-08-09	2011-10-28
	2000. UNITED STATES TREAS BDS DTD 8/15/93 6.25% 08/15/2023	P	2009-06-10	2011-11-04
	2000. UNITED STATES TREASURY N/B DTD 11/15/201	P	2010-12-10	2011-11-04
	8000. UNITED STATES TREASURY N/B DTD 06/01/10	P	2011-10-06	2011-11-09
	8000. UNITED STATES TREASURY N/B DTD 06/01/10	P	2011-10-06	2011-11-14
	134.85 FEDERAL NATIONAL MORTGAGE ASSN POOL #254	P	2011-08-09	2011-11-25
	549.27 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0	P	2011-08-09	2011-11-25
	72.88 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-11-25
	448.1 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/0	P	2011-08-09	2011-11-25
	251.94 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-11-25
	48.02 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-11-25
	197.86 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-11-25
	119.01 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-11-25
	94.55 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/0	P	2011-04-07	2011-11-25
	40.02 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-11-25
	186.85 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-11-25
	304.59 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-11-25
	244.32 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/	P	2007-11-08	2011-11-25
	131.24 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-11-25
	691.13 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	P	2011-08-09	2011-11-25
	137.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #254	P	2011-08-09	2011-12-27
	639.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 03	P	2011-08-09	2011-12-27
	102.91 FEDERAL NATIONAL MORTGAGE ASSN POOL #AL0393 DTD 06/01/2011 4.5%	P	2011-11-04	2011-12-27
	80.74 FEDERAL NATIONAL MORTGAGE ASSN POOL #725598 DTD 06/01/2004 5.5%	P	2007-04-09	2011-12-27
	414.82 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/	P	2011-08-09	2011-12-27
	291.22 FEDERAL NATIONAL MORTGAGE ASSN POOL 7359	P	2011-04-07	2011-12-27
	48.26 FEDERAL NATL MTG ASSN POOL #887319 5.5%	P	2006-08-09	2011-12-27
	227.86 FEDERAL NATIONAL MORTGAGE ASSN POOL #889183 DTD 02/01/2008 5.5%	P	2011-04-08	2011-12-27
	387.68 FEDERAL NATIONAL MORTGAGE ASSN POOL #888	P	2007-08-27	2011-12-27
	90.18 FEDERAL NATIONAL MORTGAGE ASSN POOL #889579 DTD 05/01/08 6% 05/0	P	2011-04-07	2011-12-27
	39.98 FEDERAL NATL MTG ASSN POOL #892270 6% 08	P	2006-08-09	2011-12-27
	479.89 FEDERAL NATIONAL MORTGAGE ASSN POOL #896	P	2006-08-09	2011-12-27
	127.73 FEDERAL NATIONAL MORTGAGE ASSN POOL #938	P	2007-06-11	2011-12-27
	223.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #959596 DTD 11/01/07 6% 11/0	P	2007-11-08	2011-12-27
	140.87 FEDERAL NATIONAL MORTGAGE ASSN POOL #995960 DTD 07/01/09 5% 12/	P	2011-04-07	2011-12-27
	586.17 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	P	2011-08-09	2011-12-27

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	162	157	5
b	632	615	17
c	435	430	5
d	463	458	5
e	122	121	1
	19,537	11,759	7,778
	117	116	1
	49	48	1
	103	102	1
	50	50
	572	557	15
	620	613	7
	521	524	-3
	14,407	14,170	237
	6,025	5,992	33
	1,068	1,003	65
	6,406	6,017	389
	13,050	12,982	68
	126	122	4
	563	548	15
	376	372	4
	418	413	5
	103	101	2
	97	96	1
	49	48	1
	402	400	2
	49	49
	420	409	11
	451	445	6
	378	381	-3
	6,740	6,035	705
	118	115	3
	519	505	14
	289	286	3
	305	301	4
	90	89	1
	3,440	2,925	515
	3,429	2,939	490
	77	77
	50	49	1
	312	311	1
	5,087	5,071	16
	782	762	20
	124	123	1
	468	472	-4
	10,035	9,986	49
	36,127	35,995	132
	101	98	3
	402	391	11
	273	270	3
	312	308	4
	80	79	1
	99	98	1
	50	48	2
	272	271	1
	44	43	1
	102	99	3
	449	443	6
	425	428	-3
	3,614	2,411	1,203
	3,324	2,566	758
	2,672	2,157	515
	5,820	3,691	2,129
	13,653	12,680	973
	2,769	2,402	367
	70,740	46,726	24,014
	7,474	7,021	453
	16,810	19,190	-2,380
	3,328	2,924	404
	60,288	41,241	19,047
	1,098	1,063	35
	3,293	2,915	378
	85	82	3
	314	305	9
	248	245	3
	244	241	3
	63	62	1
	75	75
	239	256	-17
	77	75	2
	232	252	-20
	40	40
	123	134	-11
	44	44
	345	336	9
	308	304	4
	320	322	-2
	165	176	-11
	4,398	3,151	1,247
	4,219	2,586	1,633
	3,385	2,203	1,182
	8,160	4,049	4,111
	2,480	2,049	431
	31,399	20,270	11,129
	10,650	10,590	60
	22,236	10,512	11,724
	1,183	1,108	75
	1,042	1,015	27
	1,286	1,148	138
	1,129	1,055	74
	1,041	983	58
	7,239	6,938	301
	7,113	6,536	577
	75	73	2
	324	315	9
	217	214	3
	276	273	3
	73	72	1
	15,044	15,000	44
	63	63
	200	215	-15
	52	51	1
	220	239	-19
	100	99	1
	113	123	-10
	44	44
	484	471	13
	411	406	5
	354	356	-2
	165	176	-11
	1,025	1,006	19
	1,144	1,090	54
	1,169	1,088	81
	1,167	1,082	85
	1,135	1,062	73
	64	62	2
	334	325	9
	215	212	3
	256	253	3
	66	65	1
	71	71
	206	222	-16
	53	51	2
	215	233	-18
	330	329	1
	111	121	-10
	44	44
	440	429	11
	21	21
	314	316	-2
	135	144	-9
	13,428	11,323	2,105
	3,085	2,779	306
	12,033	10,864	1,169
	8,680	7,963	717
	10,590	9,712	878
	2,605	2,380	225
	64,130	64,160	-30
	82	79	3
	280	272	8
	202	199	3
	231	228	3
	53	52	1
	5,010	5,000	10
	3,006	3,000	6
	71	71
	204	219	-15
	51	49	2
	209	227	-18
	206	205	1
	102	111	-9
	4,035	4,022	13
	75	73	2
	126	124	2
	325	327	-2
	139	149	-10
	37,605	34,025	3,580
	4,701	4,731	-30
	8,012	8,000	12
	8,012	8,000	12
	163	177	-14
	340	357	-17
	70	70
	370	399	-29
	211	226	-15
	3,149	3,070	79
	214	233	-19
	535	533	2
	102	112	-10
	66	66
	842	820	22
	26	25	1
	272	274	-2
	143	153	-10
	454	471	-17
	76,080	76,180	-100
	17,027	9,829	7,198
	124	134	-10
	715	752	-37
	79	78	1
	364	393	-29
	206	221	-15
	47	46	1
	231	251	-20
	41	41
	93	102	-9
	39	39
	241	234	7
	221	218	3
	231	233	-2
	131	139	-8
	780	809	-29
	7,159	7,100	59
	1,023	1,023
	2,808	2,288	520
	2,116	1,900	216
	8,030	8,029	1
	8,029	8,028	1
	135	146	-11
	549	577	-28
	73	72	1
	448	483	-35
	252	271	-19
	48	47	1
	198	215	-17
	119	119
	95	103	-8
	40	40
	187	182	5
	305	301	4
	244	246	-2
	131	140	-9
	691	717	-26
	138	149	-11
	640	672	-32
	103	109	-6
	81	80	1
	415	447	-32
	291	313	-22
	48	47	1
	228	247	-19
	388	386	2
	90	98	-8
	40	40
	480	467	13
	128	126	2
	224	225	-1
	141	150	-9
	586	608	-22

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			5
b			17
c			5
d			5
e			1
			7,778
			1
			1
			1

			15
			7
			-3
			237
			33
			65
			389
			68
			4
			15
			4
			5
			2
			1
			1
			2

			11
			6
			-3
			705
			3
			14
			3
			4
			1
			515
			490

			1
			1
			16
			20
			1
			-4
			49
			132
			3
			11
			3
			4
			1
			1
			2
			1
			1
			3
			6
			-3
			1,203
			758
			515
			2,129
			973
			367
			24,014
			453
			-2,380
			404
			19,047
			35
			378
			3
			9
			3
			3
			1

			-17
			2
			-20

			-11

			9
			4
			-2
			-11
			1,247
			1,633
			1,182
			4,111
			431
			11,129
			60
			11,724
			75
			27
			138
			74
			58
			301
			577
			2
			9
			3
			3
			1
			44

			-15
			1
			-19
			1
			-10

			13
			5
			-2
			-11
			19
			54
			81
			85
			73
			2
			9
			3
			3
			1

			-16
			2
			-18
			1
			-10

			11

			-2
			-9
			2,105
			306
			1,169
			717
			878
			225
			-30
			3
			8
			3
			3
			1
			10
			6

			-15
			2
			-18
			1
			-9
			13
			2
			2
			-2
			-10
			3,580
			-30
			12
			12
			-14
			-17

			-29
			-15
			79
			-19
			2
			-10

			22
			1
			-2
			-10
			-17
			-100
			7,198
			-10
			-37
			1
			-29
			-15
			1
			-20

			-9

			7
			3
			-2
			-8
			-29
			59

			520
			216
			1
			1
			-11
			-28
			1
			-35
			-19
			1
			-17

			-8

			5
			4
			-2
			-9
			-26
			-11
			-32
			-6
			1
			-32
			-22
			1
			-19
			2
			-8

			13
			2
			-1
			-9
			-22

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	111,565
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	87,578	1,919,830	0.045618
2009	96,416	1,772,986	0.054381
2008	109,190	1,973,031	0.055341
2007	95,734	2,233,446	0.042864
2006	63,960	2,123,077	0.030126

2	Total of line 1, column (d) ......................	2	0.228329
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	0.045666
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	2,023,801
5	Multiply line 4 by line 3.......................	5	92,419
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,662
7	Add lines 5 and 6.........................	7	94,081
8	Enter qualifying distributions from Part XII, line 4..............	8	95,447
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	1,662
	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	1,662
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,662
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	880
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	880
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	782
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

or 4942(j)(5) for calendar year 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

REGIONS BANK Telephone no. bullet

(601) 354-8458

Located at bullet

PO BOX 23100JACKSONMS ZIP+4 bullet

392253100

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? .................

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

20, 20, 20, 20

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

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

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

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
REGIONS BANK	TRUSTEE 2	18,498
PO BOX 23100 JACKSON,MS392253100	TRUSTEE 2	18,498

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...................

2,054,620

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

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

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

2,054,620

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.........................

2,054,620

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

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

30,819

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

2,023,801

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

101,190

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....................

101,190

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

1,662

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

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

1,662

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

99,528

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

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

99,528

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................................

99,528

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 ..........

95,447

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

95,447

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)............

1,662

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

93,785

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					99,528
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				85,398
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: $ 95,447
a Applied to 2010, but not more than line 2a				85,398
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.....					10,049
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 ..........					89,479
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
FRENCH CAMP ACADEMY ATTN WILLIAM M ADAMS ONE FINE PLACE FRENCH CAMP,MS39745	NONE	EXEMPT	DISCRETION OF RECIPIENT	42,699
STJUDE CHILDREN'S RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS,TN38105	NONE	EXEMPT	DISCRETION OF RECIPIENT	42,699
Total ................................. 3a				85,398

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	12
4 Dividends and interest from securities....			14	63,728
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	111,565
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				175,305

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

13175,305

(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 Bond	End of Year Book Value	End of Year Fair Market Value
CATERPILLAR INC 7.9% 12/15/18	6,243	7,988
DUKE ENERGY CO 2.15% 11/15/16	8,007	8,023
GENERAL ELECTRIC CO 5%
MERRILL LYNCH 6.11% 1/29/37	7,515	6,168
MORGAN STANLEY 4.2% 11/20/14	8,290	7,716
SUNTRUST BKS 3.5% 1/20/17	8,005	8,041
TARGET 5.375% 5/1/17	6,843	8,227
VERIZON COMM 5.55%
TRAVELERS COMPANIES INC. 6.25%
WACHOVIA CORP 5.75% 6/15/17	7,053	7,909
AT&T INC 5.6% 5/15/18	7,004	8,134
HEWLETT-PACKARD 2.2%12/1/15	8,007	7,812
ORACLE CORPORATION 5.75%	7,214	8,494
FED HOME LOAN MORT 5% #G11769
FED HOME LOAN MORT 5% #G12206
FED HOME LOAN MORT 5% #G12335
FED HOME LOAN MORT 5% #G12410
FED HOME LOAN MORT 5% #G18048
FED NATIONAL MORT 5.5% #725598	3,200	3,528
FED NATIONAL MORT 5.5% #887319	28,846	32,277
FED NATIONAL MORT 5.5% #888677	4,492	4,895
FED NATIONAL MORT 6% #892270	28,959	32,046
FED NATIONAL MORT 5% #896597	7,911	8,771
FED NATIONAL MORT 6% #938041	13,693	15,378
FED NATIONAL MORT 6% #959596	9,244	10,118
CVS/CAREMARK 6.125% 9/15/2039	7,114	8,518
COMCAST 5.7% 7/01/2019	7,066	8,121
CONOCO PHILLIPS 6.5% 2/01/2039
CREDIT SUISSE 5.5% 5/01/2014	15,756	15,591
GOLDMAN SACHS 6% 5/01/2014	7,081	7,291
HESS CORP 8.125% 2/15/2019	6,970	7,702
MERRILL LYNCH 6.875% 4/25/2018	6,975	6,902
MORGAN STANLEY 5.625% 9/23/19	8,061	7,409
PETROBRAS INTL 5.75% 1/20/2020	15,509	16,052
TALISMAN ENERGY 7.75% 6/01/19	6,867	7,398
TIME WARNER 6.75% 7/01/2018	7,753	8,314
DODGE AND COX INCOME FD #147	51,240	52,788
PIMCO TOTAL RETURN #35	69,148	68,704
PIMCO FOREIGN BD FUND-IN	10,720	10,769
VANGUARD SHRT TRM BD FD #132	224,868	225,226
BB&T CORP 3.85%
BARCLAYS BANK 3.9% 4/7/15	8,053	8,034
CSX CORP 6.25% 4/1/15	7,700	7,998
CA INC 5.375% 12/1/19	7,120	7,635
CITIGROUP INC 6% 12/13/13	7,431	7,243
DIRECTV HLDGS3.55% 3/15/15	8,262	8,327
GOLDMAN SACHS 7.5% 2/15/19	7,756	7,731
J P MORGAN CHASE 6.3% 4/23/19	6,946	7,928
KRAFT FOODS INC 4.125% 2/9/16	7,024	7,600
PFIZER INC 6.2% 3/15/19	7,908	8,637
PRUDENTIAL FIN 4.5% 11/15/20	8,006	8,044
FNMA POOL 5% 2/1/18	4,412	4,403
FNMA POOL 4% 3/1/26	14,784	14,862
FNMA POOL 4.5% 6/1/41	8,090	8,142
FNMA POOL 5% 6/1/35	15,152	15,192
FNMA POOL 5.5% 2/1/35	7,991	8,136
FNMA POOL 5.5% 9/1/21	7,928	7,947
FNMA POOL 6% 5/1/38	3,927	3,990
FNMA POOL 3.5% 9/1/25	13,983	14,107
FNMA POOL 5% 12/1/23	3,608	3,647
AFLAC INC 8.5% 5/15/19	7,372	7,353
AMERICAN EXP CRD 2.75% 9/15/15	8,160	8,042
ANHEUSER-BUSCH 2.875% 2/15/16	8,073	8,441
GENERAL ELEC CAP 5.3% 2/11/21	7,059	7,483
GENERAL ELEC CAP 5.875%1/14/38	8,243	8,477
INTEL CORP 3.3% 10/1/21	7,971	8,427
ONTARIO PROV OF 1.375% 1/27/14	17,037	17,178
TELEFONICA EMIS 5.462% 2/16/21	8,146	7,634
TEVA PHARMA FIN 1.7% 11/10/14	8,005	8,062
TOYOTA MOTOR CRD 3.4% 9/15/21	7,980	8,245
VERIZON COMM 6% 4/1/41	7,003	8,679

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A T & T INC	9,946	12,398
ABBOTT LABS	11,300	11,808
AUTOMATIC DATA PROCESSIING INC	10,300	12,692
BB&T CORP	8,459	12,585
CHEVRON CORP	9,000	16,492
COCA COLA CO	10,778	17,493
CONAGRA FOODS INC	11,297	13,200
DOMINION RES INC VA	14,464	16,455
EXELON CORP	18,362	11,927
EXXON MOBIL CORP	10,052	14,409
GENERAL ELECTRIC CO	9,114	10,746
GALLAGHER ARTHUR J & CO	12,573	14,714
GENUINE PARTS CO	10,435	14,688
INTEL CORP	11,620	13,095
J P MORGAN CHASE & CO	9,792	7,980
MCDONALDS CORP	6,625	19,063
MICROSOFT CORP	11,027	11,033
MORGAN STANLEY GROUP INC
OCCIDENTAL PETE CORP	5,732	12,181
PAYCHEX INC	10,031	11,141
PRAXAIR INC	7,175	13,897
PROGRESS ENERGY INC
SOUTHERN COMPANY	11,666	15,739
3M CO	9,659	12,260
U S BANCORP DEL	14,672	12,984
VERIZON COMMUNICATIONS	10,758	14,644
BRISTOL MYERS SQUIBB CO	9,820	16,915
DUKE ENERGY CORPORATION	11,902	15,070
JOHNSON & JOHNSON	11,914	11,804
KIMBERLY CLARK CORP	12,659	13,609
CLOROX CO
CONOCOPHILLIPS	11,089	16,760
EATON CORP
FEDERATED MID-CAP FD
ILLINOIS TOOL WORKS INC	12,076	11,210
MFS RESH INTL FD CL I	40,960	32,702
MERCK & CO INC	8,540	12,441
NORFOLK SOUTHERN CORP	7,381	11,658
PRUDENTIAL FINANCIAL INC.	4,031	10,525
SPECTRA ENERGY CORP	11,051	14,145
THORNBURG INTL VALUE FD CL I	57,439	50,257
VANGUARD SMALL CAP INDEX INS C	14,918	19,609
AFLAC INC	10,767	10,815
MATTEL INC	7,203	16,378
MCGRAW HILL	10,741	18,438
NUCOR	10,013	10,684
PHILIP MORRIS INTL	7,708	17,266
WASTE MANAGEMENT	7,775	10,794
AMERICAN EUROPACIFIC GRWTH-F2	60,580	52,280
CATERPILLAR INC	10,345	14,496
LEGGET & PLATT INC	8,920	9,216
MEADWESTVACO CORP	11,017	14,975
NEXTERA ENERGY, INC.	5,454	6,088
TRAVELERS COMPANIES INC	10,243	11,834
VF CORP
BLACKROCK INC	18,582	17,111
DR PEPPER SNAPPLE GROUP INC	13,309	14,015
LOCKHEED MARTIN CORP	14,465	14,562
PNC BANK CORP	6,234	5,767
ARTISAN FDS INC SM CAP VALUE	19,925	16,444
ARTISAN FDS INC MID CAP VALUE	22,510	19,718
BUFFALO SM CAP FD	19,469	17,468
HIGH MARK GENEVA MID CAP GRWTH	14,166	13,352

Category	Amount	Net Investment Income
FEDERAL TAX PAYMENT - PRIOR YE	209	0
FEDERAL ESTIMATES - PRINCIPAL	880	0
FOREIGN TAXES ON QUALIFIED FOR	344	344
FOREIGN TAXES ON NONQUALIFIED	19	19