Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O REGIONS BANK TRUST DEPT PO BOX   Room/suite
City or town, state, and ZIP code
MOBILE, AL366522886
A Employer identification number

61-6222167
B Telephone number (see page 10 of the instructions)

(251) 690-1024
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$741,020J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 1 1  
4 Dividends and interest from securities...... 23,511 22,434  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,487
b Gross sales price for all assets on line 6a 393,331
7 Capital gain net income (from Part IV, line 2)... 17,487
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........ 40,999 39,922  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,828 8,662   2,166
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 800 0 0 800
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 81 69   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.......... 11,709 8,731 0 2,966
25 Contributions, gifts, grants paid........ 35,563 35,563
26 Total expenses and disbursements. Add lines 24 and 25 47,272 8,731 0 38,529
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,273
b Net investment income (if negative, enter -0-) 31,191
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 20,938 7,788 7,788
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 257,183 Click to see attachment184,143 186,986
b Investments—corporate stock (attach schedule)........ 168,118 Click to see attachment176,594 229,569
c Investments—corporate bonds (attach schedule)........ 235,474 Click to see attachment305,715 316,676
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1 Click to see attachment1 Click to see attachment1
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 681,714 674,241 741,020
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 681,714 674,241
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).................... 681,714 674,241
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 681,714 674,241
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)............... 1 681,714
2 Enter amount from Part I, line 27a..................... 2 -6,273
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 988
4 Add lines 1, 2, and 3.......................... 4 676,429
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2,188
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 674,241
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 1000. AT&T INC DTD 05/13/08 5.6% 05/15/2018   2009-10-06 2011-01-07
b 1000. GENERAL ELECTRIC CO 5% 02/01/2013   2009-10-06 2011-01-07
c 1000. TARGET CORP CALLABLE 5.375% 05/01/2017   2009-10-07 2011-01-07
d 1014.39 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375   2009-11-10 2011-01-07
e 1000. UNITED STATES TREASURY N/B DTD 08/16/201   2010-09-13 2011-01-07
347.57 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-01-18
1449.62 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-01-18
70. EATON CORP   2009-03-02 2011-01-20
284.18 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-01-25
1218.42 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-01-25
14000. CITIGROUP INC FDIC GUARANTEED DTD 08/06/2009 2.25% 12/10/2012   2009-12-15 2011-01-28
3000. UNITED STATES TREASURY N/B DTD 11/30/09   2009-12-14 2011-01-28
1000. GOLDMAN SACHS GROUP INC DTD 5/6/09 6% 05   2009-10-06 2011-02-07
1000. GENERAL ELECTRIC CO 5% 02/01/2013   2009-10-06 2011-02-09
5000. GENERAL ELECTRIC CO 5% 02/01/2013   2009-04-06 2011-02-09
10000. UNITED STATES TREASURY N/B DTD 11/30/09   2009-12-14 2011-02-14
343.3 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5% 0   2010-12-07 2011-02-15
183.26 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-02-15
1218.01 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-02-15
65. WALMART STORES INC COM   2003-03-06 2011-02-23
239.44 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-02-25
1412.01 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-02-25
5000. VERIZON COMMUNICATIONS 5.55% 02/15/201   2009-04-06 2011-03-10
267.97 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-03-15
161.78 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-03-15
1066.85 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-03-15
80. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009   2003-03-06 2011-03-24
201.72 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-03-25
1302.69 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-03-25
1000. JOHN DEERE CAPITAL CORP INSD: FDIC DTD 12/19/08 2.875% 06/19/201   2009-10-06 2011-04-07
1000. MERRILL LYNCH & CO INC SERIES: MTN DTD 04/25/08 6.875% 04/25/201   2009-10-06 2011-04-07
1023.1 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375%   2010-02-09 2011-04-07
1000. WACHOVIA CORP DTD 06/08/07 5.75% 06/15/2   2009-10-06 2011-04-07
24000. FANNIE MAE DTD 03/07/08 2.75% 04/11/2011   2009-10-06 2011-04-11
217.82 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-04-15
157.6 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5% 1   2011-01-07 2011-04-15
943.72 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-04-15
218.95 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-04-25
909.62 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-04-25
1000. CATERPILLAR INC DTD 12/05/08 7.9% 12/15/   2009-04-06 2011-05-06
1000. CITIGROUP INC DTD 06/15/2010 6% 12/13/20   2010-12-13 2011-05-06
1000. COMCAST CORP DTD 06/18/09 5.7% 07/01/201   2009-10-06 2011-05-06
1000. JOHN DEERE CAPITAL CORP INSD: FDIC DTD 12/19/08 2.875% 06/19/201   2009-10-06 2011-05-06
2000. FEDERAL HOME LOAN MORTGAGE CORP 5.75% DTD 1/14/02 DUE 1/15/2012   2009-10-06 2011-05-06
1000. FEDERAL NATIONAL MORTGAGE ASSN 5% 03/1   2011-04-07 2011-05-06
1000. GENERAL ELEC CAP CORP FDIC INSURED DTD 01/08/09 2.2% 06/08/2012   2009-10-06 2011-05-06
2000. GOLDMAN SACHS GROUP INC FDIC INSURED DTD 01/21/09 1.625% 07/15/2   2009-10-06 2011-05-06
3088.56 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375   2010-02-09 2011-05-06
1000. UNITED STATES TREASURY N/B DTD 08/16/201   2010-09-13 2011-05-06
2000. UNITED STATES TREASURY N/B DTD 11/15/201   2010-12-10 2011-05-06
195.53 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-05-16
124.34 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-05-16
741.21 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-05-16
159.73 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-05-25
305.65 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-05-25
1000. CA INC DTD 11/13/09 5.375% 12/01/2019   2010-04-16 2011-06-07
1000. CREDIT SUISSE NEW YORK DTD 5/4/09 5.5% 0   2009-10-06 2011-06-07
2000. FEDERAL NATIONAL MORTGAGE ASSN 5% 03/1   2011-04-07 2011-06-07
1000. HESS CORPORATION DTD 2/3/09 8.125% 02/15   2009-09-21 2011-06-07
1000. KRAFT FOODS INC DTD 02/08/2010 4.125% 02   2010-02-05 2011-06-07
1000. UNITED STATES TREASURY DTD 02/16/2010 3.   2010-05-03 2011-06-07
1000. PETROBRAS INTL FIN CO DTD 10/30/09 5.75%   2009-10-22 2011-06-08
181.04 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-06-15
118.82 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-06-15
862.21 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-06-15
213.63 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-06-27
183.81 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-06-27
131.64 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-06-27
537.37 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-06-27
1000. BB& T CORPORATION DTD 7/27/09 3.85% 07/2   2010-04-29 2011-07-07
1000. BARCLAYS BANK PLC DTD 04/07/2010 3.9% 04   2010-03-31 2011-07-07
1000. DIRECTV HOLDGS/FING DTD 03/11/2010 3.55%   2010-09-15 2011-07-07
1000. GENERAL ELECTRIC CAPITAL CORP DTD 02/11/   2011-02-09 2011-07-07
13000. GOLDMAN SACHS GROUP INC FDIC INSURED DTD 01/21/09 1.625% 07/15/   2009-10-06 2011-07-07
183.06 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-07-15
117.36 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-07-15
785.19 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-07-15
216.43 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-07-25
196.67 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-07-25
127.92 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-07-25
629.41 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-07-25
1000. ANHEUSER-BUSCH INBEV WOR DTD 01/27/2011   2011-01-28 2011-08-09
1000. CSX CORP DTD 3/27/08 6.25% 04/01/2015   2010-02-10 2011-08-09
1000. CITIGROUP INC FDIC GUARANTEED DTD 08/06/2009 2.25% 12/10/2012   2010-02-09 2011-08-09
1000. CREDIT SUISSE NEW YORK DTD 5/4/09 5.5% 0   2009-07-07 2011-08-09
1000. JOHN DEERE CAPITAL CORP INSD: FDIC DTD 12/19/08 2.875% 06/19/201   2009-10-06 2011-08-09
5272.59 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-08-09
5020.02 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-08-09
28609.7 FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-08-09
1000. FEDERAL NATIONAL MORTGAGE ASSN 5% 03/1   2011-04-07 2011-08-09
1000. GENERAL ELEC CAP CORP FDIC INSURED DTD 01/08/09 2.2% 06/08/2012   2009-10-06 2011-08-09
1000. GOLDMAN SACHS GROUP INC DTD 2/5/09 7.5%   2010-05-20 2011-08-09
1000. ONTARIO (PROVINCE OF) DTD 01/27/2011 1.3   2011-01-31 2011-08-09
1000. ORACLE CORPORATION DTD 04/09/08 5.75% 04   2009-04-06 2011-08-09
1000. PRUDENTIAL FINANCIAL DTD 11/18/2010 4.5%   2010-11-15 2011-08-09
1000. TARGET CORP CALLABLE 5.375% 05/01/2017   2009-04-06 2011-08-09
1000. TELEFONICA EMISIONES SAU DTD 02/16/2011   2011-03-10 2011-08-09
1000. TIME WARNER CABLE 6.75% 07/01/2018   2009-08-11 2011-08-09
2094.96 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375   2009-11-10 2011-08-09
2000. UNITED STATES TREASURY N/B DTD 11/30/09   2010-04-30 2011-08-09
1000. UNITED STATES TREASURY N/B DTD 08/16/201   2010-09-13 2011-08-09
369. BANK OF AMERICA CORP   2009-12-11 2011-08-10
1000. TALISMAN ENERGY INC DTD 6/1/09 7.75% 06/   2009-09-28 2011-08-12
185.72 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%   2010-12-07 2011-08-15
116.82 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14031 DTD 01/01/2011 5%   2011-01-07 2011-08-15
623. FEDERAL HOME LOAN MTG CORP POOL #G18048   2009-04-06 2011-08-15
3000. UNITED STATES TREASURY N/B DTD 11/30/09   2010-04-30 2011-08-18
2000. UNITED STATES TREASURY N/B DTD 11/30/09   2010-04-30 2011-08-24
169.41 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-08-25
162.24 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-08-25
189.06 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-08-25
1238.78 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-08-25
23033.34 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.37   2009-11-10 2011-08-25
5000. UNITED STATES TREASURY N/B DTD 11/30/09   2010-04-30 2011-09-13
231.13 FEDERAL HOME LOAN MTG CORP POOL #G01840 DTD 06/01/2005 5% 07/01   2011-08-11 2011-09-15
220.27 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14056 DTD 02/01/2011 4%   2011-08-11 2011-09-15
40.72 FEDERAL HOME LOAN MORTGAGE CORP POOL #J16353 DTD 08/01/2011 3.5%   2011-08-11 2011-09-15
5000. UNITED STATES TREASURY N/B DTD 11/30/09   2009-12-14 2011-09-15
. SECURITIES LITIGATION SETTLEMENT PROCEEDS     2011-09-20
177.46 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-09-26
220.16 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0   2011-08-09 2011-09-26
241.11 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/   2011-08-09 2011-09-26
178.99 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-09-26
141.97 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-09-26
476.45 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-09-26
302.36 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%   2011-08-09 2011-09-26
32000. UNITED STATES TREASURY N/B DTD 11/30/09   2011-09-01 2011-10-06
17000. UNITED STATES TREASURY N/B DTD 11/30/09   2009-12-14 2011-10-06
5000. UNITED STATES TREASURY DTD 02/16/2010 3.   2010-05-03 2011-10-06
12000. UNITED STATES TREASURY N/B DTD 11/15/201   2011-02-14 2011-10-06
251.3 FEDERAL HOME LOAN MTG CORP POOL #G01840 DTD 06/01/2005 5% 07/01/   2011-08-11 2011-10-17
352.67 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14056 DTD 02/01/2011 4%   2011-08-11 2011-10-17
148.09 FEDERAL HOME LOAN MORTGAGE CORP POOL #J16353 DTD 08/01/2011 3.5   2011-08-11 2011-10-17
25. CATERPILLAR INC   2010-02-04 2011-10-19
75. MEADWESTVACO CORPORATION   2010-08-12 2011-10-19
50. QUALCOMM INC   2010-07-08 2011-10-19
65. V F CORP   2010-07-08 2011-10-19
141.91 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-10-25
462.95 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0   2011-08-09 2011-10-25
237.34 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/   2011-08-09 2011-10-25
178.46 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-10-25
174.67 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-10-25
1184.12 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-10-25
519.91 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%   2011-08-09 2011-10-25
5000. BB& T CORPORATION DTD 7/27/09 3.85% 07/2   2010-04-28 2011-10-28
16000. UNITED STATES TREASURY N/B DTD 06/01/10   2011-10-06 2011-11-04
5000. UNITED STATES TREASURY N/B DTD 06/01/10   2011-10-06 2011-11-09
5000. UNITED STATES TREASURY N/B DTD 06/01/10   2011-10-06 2011-11-14
302.05 FEDERAL HOME LOAN MTG CORP POOL #G01840 DTD 06/01/2005 5% 07/01   2011-08-11 2011-11-15
423.16 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14056 DTD 02/01/2011 4%   2011-08-11 2011-11-15
248.17 FEDERAL HOME LOAN MORTGAGE CORP POOL #J16353 DTD 08/01/2011 3.5   2011-08-11 2011-11-15
135.31 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-11-25
355.41 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0   2011-08-09 2011-11-25
291.79 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/   2011-08-09 2011-11-25
163.93 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-11-25
178.85 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-11-25
575.24 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-11-25
460.75 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%   2011-08-09 2011-11-25
1000. UNITED STATES TREASURY N/B DTD 06/01/10   2011-10-13 2011-12-06
105. HESS CORPORATION   2009-06-29 2011-12-14
309.06 FEDERAL HOME LOAN MTG CORP POOL #G01840 DTD 06/01/2005 5% 07/01   2011-08-11 2011-12-15
356.48 FEDERAL HOME LOAN MORTGAGE CORP POOL #G14056 DTD 02/01/2011 4%   2011-08-11 2011-12-15
281.01 FEDERAL HOME LOAN MORTGAGE CORP POOL #J16353 DTD 08/01/2011 3.5   2011-08-11 2011-12-15
184.08 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0   2011-05-06 2011-12-27
413.8 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 03   2011-08-09 2011-12-27
64.32 FEDERAL NATIONAL MORTGAGE ASSN POOL #AL0393 DTD 06/01/2011 4.5%   2011-11-04 2011-12-27
270.12 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/   2011-08-09 2011-12-27
183.13 FEDERAL NATIONAL MORTGAGE ASSN POOL #888   2009-04-06 2011-12-27
176.74 FEDERAL NATIONAL MORTGAGE ASSN POOL #889291 DTD 03/01/2008 5% 0   2011-05-10 2011-12-27
554.98 FEDERAL NATIONAL MORTGAGE ASSN POOL #889   2009-04-06 2011-12-27
390.78 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%   2011-08-09 2011-12-27
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,110   1,060 50
b 1,070   1,040 30
c 1,127   1,079 48
d 1,075   1,032 43
e 997   998 -1
348   369 -21
1,450   1,509 -59
7,057   2,389 4,668
284   296 -12
1,218   1,279 -61
14,407   14,169 238
3,013   2,996 17
1,103   1,067 36
1,068   1,039 29
5,339   5,027 312
10,039   9,986 53
343   364 -21
183   196 -13
1,218   1,268 -50
3,474   3,107 367
239   250 -11
1,412   1,483 -71
5,617   4,973 644
268   284 -16
162   173 -11
1,067   1,111 -44
3,829   2,670 1,159
202   210 -8
1,303   1,368 -65
1,029   1,016 13
1,113   1,056 57
1,089   1,041 48
1,104   1,054 50
24,000   24,000  
218   231 -13
158   169 -11
944   983 -39
219   228 -9
910   955 -45
1,289   1,029 260
1,095   1,079 16
1,108   1,055 53
1,028   1,016 12
2,075   2,063 12
1,136   1,118 18
1,020   1,008 12
2,005   2,004 1
3,351   3,141 210
1,001   998 3
1,907   1,891 16
196   208 -12
124   133 -9
741   772 -31
160   166 -6
306   321 -15
1,074   1,030 44
1,108   1,052 56
2,295   2,225 70
1,280   1,160 120
1,070   1,004 66
1,069   995 74
1,065   999 66
181   192 -11
119   127 -8
862   898 -36
214   235 -21
184   192 -8
132   141 -9
537   564 -27
1,032   1,017 15
1,037   1,003 34
1,046   1,030 16
1,042   1,011 31
13,002   13,004 -2
183   194 -11
117   126 -9
785   817 -32
216   238 -22
197   205 -8
128   137 -9
629   661 -32
1,049   1,005 44
1,163   1,085 78
1,025   1,012 13
1,100   1,031 69
1,022   1,016 6
5,684   5,597 87
5,411   5,368 43
30,840   29,785 1,055
1,163   1,109 54
1,015   1,008 7
1,154   1,085 69
1,017   1,000 17
1,212   1,028 184
1,040   994 46
1,186   980 206
1,022   1,015 7
1,219   1,077 142
2,365   2,129 236
2,004   1,999 5
1,009   998 11
2,633   5,646 -3,013
1,262   1,154 108
186   197 -11
117   125 -8
623   649 -26
3,006   2,999 7
2,004   1,999 5
169   187 -18
162   169 -7
189   203 -14
1,239   1,301 -62
25,853   23,411 2,442
5,007   4,996 11
231   251 -20
220   233 -13
41   43 -2
5,007   4,993 14
12     12
177   195 -18
220   231 -11
241   260 -19
179   187 -8
142   152 -10
476   500 -24
302   314 -12
32,034   32,018 16
17,018   16,977 41
5,769   4,975 794
12,818   11,318 1,500
251   273 -22
353   373 -20
148   155 -7
2,115   1,296 819
2,043   1,653 390
2,691   1,699 992
8,524   4,713 3,811
142   156 -14
463   486 -23
237   256 -19
178   186 -8
175   187 -12
1,184   1,243 -59
520   539 -19
5,113   5,055 58
16,059   16,059  
5,019   5,018 1
5,018   5,018  
302   328 -26
423   448 -25
248   260 -12
135   149 -14
355   373 -18
292   315 -23
164   171 -7
179   192 -13
575   604 -29
461   478 -17
1,003   1,000 3
5,788   6,000 -212
309   336 -27
356   377 -21
281   294 -13
184   203 -19
414   435 -21
64   68 -4
270   291 -21
183   191 -8
177   190 -13
555   583 -28
391   405 -14
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       50
b       30
c       48
d       43
e       -1
      -21
      -59
      4,668
      -12
      -61
      238
      17
      36
      29
      312
      53
      -21
      -13
      -50
      367
      -11
      -71
      644
      -16
      -11
      -44
      1,159
      -8
      -65
      13
      57
      48
      50
       
      -13
      -11
      -39
      -9
      -45
      260
      16
      53
      12
      12
      18
      12
      1
      210
      3
      16
      -12
      -9
      -31
      -6
      -15
      44
      56
      70
      120
      66
      74
      66
      -11
      -8
      -36
      -21
      -8
      -9
      -27
      15
      34
      16
      31
      -2
      -11
      -9
      -32
      -22
      -8
      -9
      -32
      44
      78
      13
      69
      6
      87
      43
      1,055
      54
      7
      69
      17
      184
      46
      206
      7
      142
      236
      5
      11
      -3,013
      108
      -11
      -8
      -26
      7
      5
      -18
      -7
      -14
      -62
      2,442
      11
      -20
      -13
      -2
      14
      12
      -18
      -11
      -19
      -8
      -10
      -24
      -12
      16
      41
      794
      1,500
      -22
      -20
      -7
      819
      390
      992
      3,811
      -14
      -23
      -19
      -8
      -12
      -59
      -19
      58
       
      1
       
      -26
      -25
      -12
      -14
      -18
      -23
      -7
      -13
      -29
      -17
      3
      -212
      -27
      -21
      -13
      -19
      -21
      -4
      -21
      -8
      -13
      -28
      -14
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 17,487
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 35,698 757,916 0.0471
2009 39,428 722,323 0.054585
2008 31,483 774,655 0.040641
2007 27,709 792,112 0.034981
2006 29,447 764,825 0.038502
2 Total of line 1, column (d) ...................... 2 0.215809
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 0.043162
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 764,404
5 Multiply line 4 by line 3....................... 5 32,993
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 312
7 Add lines 5 and 6......................... 7 33,305
8 Enter qualifying distributions from Part XII, line 4.............. 8 38,529
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 312
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 312
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- ..... 5 312
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 192
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.............. 7 192
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 120
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletKY
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletREGIONS BANK TRUST DEPARTMENT Telephone no.bullet (251) 690-1024
    Located atbullet11 N WATER STREET 25TH FLOORMOBILEAL ZIP+4bullet36602
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    REGIONS BANK TRUSTEE
    1     		10,828    
    151 MAJOR REYNOLDS PLACE
    KNOXVILLE,TN37919
    JOHN G PRATHER SR TRUST COMMITTEE MEMBER
    1     		0    
    PO BOX 616
    SOMERSET,KY42502
    JOHN G PRATHER JR TRUST COMMITTEE MEMBER
    1     		0    
    PO BOX 616
    SOMERSET,KY42502
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    776,044
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    1
    d
    Total (add lines 1a, b, and c).........................
    1d
    776,045
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    776,045
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    11,641
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    764,404
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    38,220
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    38,220
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    312
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    312
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    37,908
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    37,908
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    37,908
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    38,529
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    38,529
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    312
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    38,217
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 37,908
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 35,563
    b Total for prior years:2009, 20, 20 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 0
    b From 2007....... 0
    c From 2008....... 0
    d From 2009....... 0
    e From 2010....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 38,529
    a Applied to 2010, but not more than line 2a 35,563
    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..... 2,966
    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 ..........     		34,942
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2007.... 0
    b Excess from 2008.... 0
    c Excess from 2009.... 0
    d Excess from 2010.... 0
    e Excess from 2011.... 0
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    SOMERSET COMMUNITY COLLEGE
    808 MONTICELLO ST
    SOMERSET,KY42501
    (606) 679-8501
    bThe form in which applications should be submitted and information and materials they should include:
    SOMERSET COMMUNITY COLLEGE SCHOLARSHIP APPLICATION
    cAny submission deadlines:
    MARCH 1- PRIORITY RANKING FOR FALL, JULY 1- FALL, JANUARY 1- SPRING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STUDENTS ATTENDING SOMERSET COMMUNITY COLLEGE AND THEIR RESIDENCE IS PULASKI COUNTY, KY
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SOMERSET COMMUNITY COLLEGE
    ATTN ANN ZWICK
    808 MONTICELLO ST
    SOMERSET,KY42501     		NONE PUBLIC SCHOLARSHIP AWARDS 35,563
    Total .................................bullet 3a 35,563
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 1  
    4 Dividends and interest from securities....     14 23,511  
    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 17,487  
    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)..   40,999  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1340,999
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 800     800

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GENERAL ELECTRIC CORP BOND    
    GOLDMAN SACHS GRP INC NOTE 5,477 5,522
    MORGAN STANLEY 4.2% 11/20/14 11,397 10,609
    TARGET CORP NOTE 5,113 5,876
    AT&T 5.6% 5/15/18 4,908 5,810
    CATERPILLAR INC 7.9% 12/15/18 4,106 5,325
    COMCAST 5.7% 7/1/19 5,045 5,800
    CREDIT SUISSE NY 5.5% 5/1/14 10,332 10,394
    MERRILL LYNCH SER 6.875% 4,982 4,930
    ORACLE CORP 5.75% 4/15/18 4,111 4,854
    PETROBRAS INTL 5.75% 1/20/20 4,996 5,351
    TALISMAN ENERGY 7.75% 6/1/19 4,560 4,932
    TIME WARNER 6.75% 7/1/18 4,307 4,751
    VERIZON 5.55% 2/15/16    
    WACHOVIA 5.75% 6/15/17 4,567 5,649
    BB&T CORPORATION 3.85% 7/27/12    
    BARCLAYS BANK 5,002 5,021
    CSX CORP 6.25% 4/1/15 5,478 5,713
    CA INC 5.375% 12/1/19 5,084 5,454
    CITIGROUP INC 6% 12/13/13 5,264 5,174
    DIRECTTV HLD/FNG 3.55% 3/15/15 5,136 5,204
    GOLDMAN SACHS 6% 5/14 5,057 5,208
    HESS CORP 8.125% 2/15/19 4,627 5,135
    HEWLETT PACKARD 2.2% 12/1/15 4,996 4,883
    KRAFT FOODS INC 4.125% 2/9/16 4,998 5,429
    PRUDENTIAL FIN 4.5% 11/15/20 4,967 5,028
    CITIGROUP FDIC GUAR 2.25%    
    GENERAL ELEC FDIC INSD 2.2%    
    GOLDMAN SACHS FDIC INSD 1.625%    
    JOHN DEERE FDIC INSD 2.875%    
    FHLMC POOL G01840 5% 7/01/35 9,823 9,723
    FHLMC POOL G14056 4% 8/01/25 9,283 9,210
    FHLMC POOL J16353 3.5% 8/01/26 9,708 9,683
    FNMA POOL 190370 6% 6/01/36 8,444 8,458
    FNMA POOL AH6827 4% 3/01/26 9,566 9,617
    FNMA POOL AL0393 4.5% 6/01/41 5,056 5,089
    FNMA POOL 735580 5% 6/01/35 9,866 9,892
    FNMA POOL 888249 5% 7/01/20 6,483 6,720
    FNMA POOL 889291 5% 4/01/23 4,830 4,852
    FNMA POOL 889414 6% 11/01/37 37,656 39,787
    FNMA POOL AE3066 3.5% 9/01/25 9,322 9,404
    AMERICAN EXPRESS 2.75% 9/15/15 5,099 5,027
    ANHEUSER-BUSCH 2.875% 2/15/16 5,023 5,276
    DUKE ENERGY 2.15% 11/15/16 5,005 5,014
    GENERAL ELECTRIC 5% 2/01/13 5,018 5,211
    GENERAL ELECTRIC 5.3% 2/11/21 5,035 5,345
    INTEL CORP 3.3% 10/01/21 4,981 5,267
    PROV OF ONTARIO 1.375% 1/27/14 10,002 10,105
    SUNTRUST BKS INC 3.5% 1/20/17 5,001 5,026
    TELEFONICA EMIS 5.462% 2/16/21 6,016 5,726
    TEVA PHARMA FIN 1.7% 11/10/14 5,001 5,039
    TOYOTA MTR CREDIT 3.4% 9/15/21 4,987 5,153

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES    
    APACHE CORP 2,512 7,246
    BANK AMERICA CORP    
    EXXON MOBIL CORP 3,529 8,900
    INTEL CORP 3,318 5,093
    LOCKHEED MARTIN CORP 1,713 3,236
    MICROSOFT CORP 3,734 4,154
    ORACLE CORP 2,441 4,104
    PEPSICO INC 2,957 5,308
    PROCTER & GAMBLE CO 2,959 4,336
    SOUTHERN CO 3,381 5,555
    UNITED TECHNOLOGIES CORP 2,253 5,847
    WAL-MART STORES INC    
    AMERICAN FDS EUROPACIFIC CL F    
    ALLERGAN INC 2,234 5,264
    CVS/CAREMARK CORP 2,663 4,282
    CISCO SYSTEMS INC 2,318 2,893
    DARDEN RESTAURANTS 5,865 5,698
    EATON CORP    
    HESS CORP    
    JP MORGAN CHASE 2,621 3,990
    JOHNSON & JOHNSON 3,150 4,263
    JUNIPER NETWORKS 2,189 3,266
    NORFOLK SOUTHERN CORP 2,386 5,829
    PHILIP MORRIS INTL INC 2,646 6,278
    QUALCOMM INC 3,319 5,470
    STATE STREET CORP 5,023 5,039
    STRYKER CORP 2,661 3,977
    THERMO FISHER SCIENTIFIC 2,800 3,598
    3M CO 2,606 4,904
    TRAVLERS COMPANIES INC 2,938 4,734
    WALGREEN CO 2,802 3,967
    EMC CORP MASS 2,565 5,385
    TEVA PHARMACEUTICAL INDS SPONS 3,376 3,027
    AUTO DESK INC 5,504 5,308
    CATERPILLAR INC 3,889 6,795
    CHEVRON CORP 4,044 5,320
    GENERAL ELECTRIC 5,954 6,269
    GOLDMAN SACHS INC 6,413 4,522
    MATTEL INC 4,686 5,552
    MCGRAW HILL 3,055 4,047
    MEADWESTVACO CORP 4,409 5,990
    MERCK & CO INC NEW 3,482 3,770
    VF CORP    
    EMERSON ELECTRIC CO 6,716 5,824
    GOOGLE INC CL A 6,281 6,459
    HASBRO INC 5,299 4,784
    OCCIDENTAL PETE CORP 5,896 6,091
    TEXAS INSTRS INC 3,972 3,348
    AMERICAN FUNDS CL F 24,035 19,847

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    US Government Securities - End of Year Book Value:

    184,143
    US Government Securities - End of Year Fair Market Value:

    186,986
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2011 OtherAssetsSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MISC-SMT001058 ONE RING 1 1 1


    TY 2011 OtherDecreasesSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Description Amount
    AMORTIZATION ADJUSTMENT 2,184
    ROUNDING ADJUSTMENT 4


    TY 2011 OtherIncreasesSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Description Amount
    INFLATION INDEX OID ADJUSTMENT 887
    ACCRETION ADJUSTMENT 101


    TY 2011 TaxesSchedule
    Name:
    MATTIE HELEN ELLIOTT SCHOLARSHIP TRUST
    EIN: 61-6222167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 8 69   0
    2011 EXCISE TAX ESTIMATE 73 0   0