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
JULIAN PRICE FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)500 DELAWARE AVENUE SUITE 730   Room/suite
City or town, state, and ZIP code
WILMINGTON, DE19801
A Employer identification number

31-1665269
B Telephone number (see page 10 of the instructions)

(800) 745-7721
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$8,082,395J 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      
4 Dividends and interest from securities...... 216,051 216,051  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,007
b Gross sales price for all assets on line 6a 4,350,345
7 Capital gain net income (from Part IV, line 2)... 16,007
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)....... Click to see attachment 694    
12 Total. Add lines 1 through 11........ 232,752 232,058  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 19,640     19,640
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 62,602 62,602   0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 5,740 1,999   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 702     702
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 88,684 64,601 0 20,342
25 Contributions, gifts, grants paid........ 376,500 376,500
26 Total expenses and disbursements. Add lines 24 and 25 465,184 64,601 0 396,842
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -232,432
b Net investment income (if negative, enter -0-) 167,457
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............... 10,037 13,773 13,773
2 Savings and temporary cash investments.......... 736,093 465,448 465,448
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 7,921,190 Click to see attachment7,949,416 7,603,174
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,667,320 8,428,637 8,082,395
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......... 8,667,320 8,428,637
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).................... 8,667,320 8,428,637
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,667,320 8,428,637
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 8,667,320
2 Enter amount from Part I, line 27a..................... 2 -232,432
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 6
4 Add lines 1, 2, and 3.......................... 4 8,434,894
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 6,257
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,428,637
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 54813.475 COLUMBIA MARSICO 21ST CENTURY FD CL A   2008-12-23 2011-02-04
b 6050.958 COLUMBIA VALUE AND RESTRUCTURING Z   2008-12-23 2011-02-04
c 8362.48 AMERICAN FD GROWTH FUND OF AMERICA F2   2008-03-26 2011-02-04
d 55706.398 MUTUAL BEACON FUND CL Z   2006-09-27 2011-02-04
e 16097.775 OPPENHEIMER VALUE FUND CL Y   2007-12-12 2011-02-04
3542.857 FIDELITY ADV LEVERAGED COMPANY STOCK FUND CL I   2008-10-20 2011-06-16
3823.336 AMERICAN FD GROWTH FUND OF AMERICA F2   2004-03-18 2011-06-16
11354.738 ROYCE VALUE FUND SERVICE CL   2008-03-26 2011-06-16
4360. GUGGENHEIM ETF S&P 500 EQUAL WT INDX FD   2011-02-04 2011-06-16
1558. VANGUARD MID CAP   2010-12-17 2011-06-16
3433. VANGUARD LARGE CAP   2011-02-04 2011-06-16
308.102 OPPENHEIMER INTL BD Y   2010-07-30 2011-07-27
29103.663 OPPENHEIMER INTL BD Y   2006-04-20 2011-07-27
9964.727 PIMCO EMERGING MARKETS BOND FUND INST CLASS   2005-08-30 2011-07-27
24196.842 LOOMIS SAYLES STRATEGIC INCM FD CL Y   2005-01-21 2011-10-13
14005.602 PIMCO TOTAL RETURN FUND INSTL   2010-10-18 2011-10-13
13736.264 RIDGEWORTH TOTAL RETURN BOND CL I   2010-10-18 2011-10-13
(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 776,707   741,750 34,957
b 311,745   187,500 124,245
c 262,975   256,539 6,436
d 713,574   925,469 -211,895
e 373,282   427,500 -54,218
123,975   111,197 12,778
115,975   96,568 19,407
145,000   123,085 21,915
211,059   215,124 -4,065
119,025   116,325 2,700
200,035   205,879 -5,844
2,095   2,000 95
197,880   171,595 26,285
112,975   111,383 1,592
352,039   333,303 18,736
149,975   163,730 -13,755
150,000   145,391 4,609
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       34,957
b       124,245
c       6,436
d       -211,895
e       -54,218
      12,778
      19,407
      21,915
      -4,065
      2,700
      -5,844
      95
      26,285
      1,592
      18,736
      -13,755
      4,609
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 16,007
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 349,083 8,141,832 0.042875
2009 560,826 9,274,831 0.060468
2008 537,619 10,705,271 0.05022
2007 518,956 12,675,654 0.040941
2006 533,397 12,011,935 0.044406
2 Total of line 1, column (d) ...................... 2 0.23891
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 0.047782
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 8,141,776
5 Multiply line 4 by line 3....................... 5 389,030
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,675
7 Add lines 5 and 6......................... 7 390,705
8 Enter qualifying distributions from Part XII, line 4.............. 8 396,842
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,675
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 1,675
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 1,675
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a  
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 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 42
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,717
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
Yes
 
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)bulletNC
    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 ofbulletCHARLES SCHWAB BANK Telephone no.bullet (800) 745-7721
    Located atbullet500 DELAWARE AVENUE SUITE 730WILMINGTONDE ZIP+4bullet19801
    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
     
     
    .........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
    MELANIE ANN TAYLOR TRUSTEE
    40     		0    
    402 SIMERVILLE RD
    CHAPEL HILL,NC27517
    MARY PRICE TAYLOR HARRISON TRUSTEE
    40     		0    
    510 GLENWOOD AVE
    RALEIGH,NC27603
    LAURA deBOISFEUILLET EDWARDS TRUSTEE
    40     		0    
    406 WEST PATTERSON PL
    CHAPEL HILL,NC27516
    CHARLES SCHWAB BANK TRUSTEE
    40     		19,640    
    500 DELAWARE AVENUE SUITE 730
    WILMINGTON,DE19801
    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
    8,264,011
    b
    Average of monthly cash balances.......................
    1b
    1,751
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,265,762
    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
    8,265,762
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    123,986
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,141,776
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    407,089
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    407,089
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,675
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,675
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    405,414
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    405,414
    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
    405,414
    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
    396,842
    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
    396,842
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    1,675
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    395,167
    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 7 405,414
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 75,734
    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$ 396,842
    a Applied to 2010, but not more than line 2a 75,734
    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..... 321,108
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2011. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		84,306
    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).)
    NA
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SENIOR PHARMASSIST INC
    ATTN JOE DALY
    406 RIGSBEE AVENUE SUITE 201
    DURHAM,NC277012186     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    GAY & LESBIAN LEADERSHIP INSTITUTE
    ATTN TIM MEINKE
    1133 15TH STREET NW
    WASHINGTON,DC20005     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    UNITED CHURCH OF CHAPEL HILL
    ATTN THOMAS HILL
    1321 MARTIN LUTHER KING BOULEVARD
    CHAPEL HILL,NC27514     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 7,500
    EQUALITY NC FOUNDATION
    ATTN KAY FLAMINIO
    P O BOX 28768
    RALEIGH,NC27611     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,500
    IRON DUKES
    ATTN JACK WINTERS
    116 CAMERON INDOOR STADIUM-BX 90542
    DURHAM,NC277080542     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 38,984
    DUKE UNIVERSITY
    ATTN MARY JANE MORROW ALUMNI AFFA
    225 ALLEN BUILDING
    DURHAM,NC27708     		NONE EXEMPT EMS SCHOLARSHIP PROGRAM 12,500
    ACLU NCLF
    ATTN JENNIFER RUDINGER
    P O BOX 28004
    RALEIGH,NC276118004     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 4,000
    DUKE 11-BT
    ATTN ELLEN P STAINBACK
    201 TRENT DRIVE BAKER HOUSE RM 047
    DURHAM,NC27710     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 27,016
    EMMA WILLARD SCHOOL
    ATTN BRENDA BRUNELLE
    285 PAWLING AVENUE
    TROY,NY12180     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,500
    DUKE UNIVERSITY MARINE LAB
    ATTN BELINDA WILLIFORD
    135 DUKE MARINE LAB ROAD
    BEAUFORT,NC28516     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    NCS AGAINST GUN VIOLENCE
    ATTN ROXANNE KOLAR
    P O BOX 51565
    DURHAM,NC27717     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    NATL MUSEUM OF WOMEN IN ARTS
    ATTN ELLEN POLLAK
    1250 NEW YORK AVENUE NW
    WASHINGTON,DC20005     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    UNC INST FOR THE ENVIRONMENT
    ATTN TONY REEVY
    CAMPUS BOX 1105
    CHAPEL HILL,NC275991105     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,500
    FULL FRAME DOC FILM FESTIVAL
    ATTN ALEXIS HOURSELT
    324 BLACKWELL ST SUITE 500
    DURHAM,NC27701     		NONE EXEMPT THE KBE AWARD 5,000
    CAROLINA THEATRE OF GREENSBORO
    ATTN KEITH HOLLIDAY
    310 SOUTH GREENE ST
    GREENSBORO,NC27401     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    ENVIRONMENTAL DEFENSE FUND
    ATTN JANE PREYER
    4000 WESTCHASE BOULEVARD SUITE 510
    RALEIGH,NC27607     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 7,500
    AUDUBON NORTH CAROLINA
    ATTN KAREN FERNANDEZ
    400 SILVER CEDAR COURT STE 240
    CHAPEL HILL,NC27514     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,000
    PROGRESS NORTH CAROLINA
    ATTN GERRICK BRENNER
    P O BOX 40487
    RALEIGH,NC27629     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    THE NATURE CONSERVANCY
    ATTN KRISTEN HUFFMAN
    4705 UNIVERSITY DRIVE SUITE 290
    DURHAM,NC27707     		NONE EXEMPT NC CHAPTER 1,000
    NC MUSEUM OF ART FOUNDATION INC
    ATTN KATHRYN FULLER YANDELL
    2110 BLUE RIDGE ROAD
    RALEIGH,NC27699     		NONE EXEMPT CAPITAL CAMPAIGN 10,000
    WESTERN CAROLINA UNIVERSITY FOUNDA-
    TION ATTN JIM MILLER
    201 HF ROBINSON
    CULLOWHEE,NC28723     		NONE EXEMPT STUDY OF DEVELOPED SHORELINES 2,000
    NC LEAGUE CONSERVATION VOTERS
    ATTN CARRIE CLARK
    PO BOX 12671
    RALEIGH,NC27605     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 6,000
    ARTS NORTH CAROLINA
    ATTN KAREN WELLS
    108 SOUTH BLOUNT STREET
    RALEIGH,NC27601     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    LAMBDA LEGAL DEFENSE AND EDUCATION
    FUND INC ATTN JUDI O'KELLEY
    730 PEACHTREE STREET NE STE 1070
    ATLANTA,GA303081210     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,500
    LGBT CENTER OF RALEIGH
    ATTN BOBBY HILBURN
    316 WEST CABARRUS STREET
    Raleigh,NC27601     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    BLUEPRINT NC
    ATTN SEAN KOSOFSKY
    2912 HIGHWOODS BLVD
    RALEIGH,NC27604     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    COMMITTEE FOR CHARLOTTE 2012
    ATTN MELISSA SCHWARTZ
    400 SOUTH TRYON STREET STE 500
    CHARLOTTE,NC28202     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 7,000
    ENVIRONMENT NC RESEARCH & POLI
    ATTN ELIZABETH OUZTS
    112 SBLOUNT ST STE 102
    RALEIGH,NC27601     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 4,000
    GREENHILL CENTER FOR NC ART
    ATTN LAURA WAY
    200 NORTH DAVIE STREET BOX 4
    GREENSBORO,NC27401     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,000
    THE CONSERVATION FUND
    ATTN MIKKI SAGER
    PO BOX 271
    CHAPEL HILL,NC27514     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,000
    THE SOUTHERN ENVIRONMENTAL LAW
    CENTER ATTN ANNIE O'LEARY
    601 WEST ROSEMARY ST STE 220
    CHAPEL HILL,NC275162356     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 4,500
    THE HUMAN RIGHTS CAMPAIGN FOUNDATIO
    ATTN TRICIA BENSON
    1640 RHODE ISLAND AVENUE NW
    WASHINGTON,DC20036     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,000
    GEORGETOWN UNIVERSITY
    ATTN CARA J SODOS
    3300 WHITEHAVEN STREET NW
    WASHINGTON,DC20007     		NONE EXEMPT WOMENS LACROSSE 21,000
    ST CATHERINE'S SCHOOL FOUNDATION
    ATTN DEBORAH A DUNLAP
    6001 GROVE AVENUE
    RICHMOND,VA23226     		NONE EXEMPT ANNUAL FUND - CAPITAL CAMPAIGN 5,000
    PRESTON ROBERT TISCH BRAIN TUMOR
    CENTER AT DUKE ATTN E P STAINBACK
    201 TRENT DR BAKER HOUSE ROOM 047
    DURHAM,NC27710     		NONE EXEMPT DUKE 10 BT MELANIE'S ANGEL BRIGADE 6,000
    WAKE FOREST UNIVERSITY WFDD-FM
    ATTN MOLLY DAVIS
    1834 WAKE FOREST ROAD 8850
    WINSTONSALEM,NC27109     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    PENLAND SCHOOL OF CRAFTS
    ATTN JEAN W MCLAUGHLIN
    67 DORAS TRAIL
    PENLAND,NC28765     		NONE EXEMPT CAPITAL CAMPAIGN ANNUAL FUND THRU 2016 35,000
    CAROLINA FRIENDS SCHOOL
    ATTN ANTHONY L CLAY
    4809 FRIENDS SCHOOL ROAD
    DURHAM,NC277058193     		NONE EXEMPT CHAPEL HILL EARLY SCHOOL @DIRECTORS DISCRET 2,000
    GREENSBORO URBAN MINISTRY
    ATTN MARIE SCHETTINO
    305 WEST LEE STREET
    GREENSBORO,NC27406     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    UNC LAW FOUNDATION INC
    ATTN T BRANDON WRIGHT
    101 EASST WEAVER STREET RM 241
    CARRBORO,NC27510     		NONE EXEMPT LAW SCHOOLS PUBLIC INTEREST LAW ORGANIZATION 10,000
    GREENSBORO DAY SCHOOL
    ATTN NANCY ROBERTS
    5401 LAWNDALE DRIVE
    GREENSBORO,NC27455     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    IPAS
    ATTN DEE LUTZ
    P O BOX 5027
    CHAPEL HILL,NC27514     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    NC CTR FOR PUBLIC POLICY RESEA
    ATTN AISANDER DUDA
    P O BOX 430
    RALEIGH,NC27602     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    DISPUTE SETTLEMENT CENTER INC
    302 WEAVER ST
    CARRBORO,NC27510     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    FRIENDS OF NC MUSEUM OF NAT
    ATTN ANGELA BAKER-JAMES
    11 WEST JONES STREET
    RALEIGH,NC27601     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 5,000
    THE WOMEN'S CENTER INC
    ATTN JENNY BRYAN
    P O BOX 1057
    CHAPEL HILL,NC27514     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    PLANNED PARENTHOOD HEALTH SYSTEMS
    ATTN BRENT TROTH
    1704 BATTLEGROUND AVENUE
    GREENSBORO,NC27408     		NONE EXEMPT GREENSBORO CHAPTER 1,000
    CENTER FOR DOCUMENTARY STUDIES
    ATTN VIRGINIA GUILFOILE
    324 BLACKWELL ST STE 500
    DURHAM,NC27701     		NONE EXEMPT FULL FRAME FILM FEST FOR THE KBE AWARD 5,000
    PIEDMONT LAND CONSERVANCY
    ATTN JERI DONNELLY
    PO BOX 4025
    GREENSBORO,NC274044025     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,500
    NC WARN
    ATTN RITA LEADEM
    PO BOX 61051
    DURHAM,NC277151051     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    CENTER FOR INTERNATIONAL UNDERSTAND
    ING UNC ATTN CINDY DEFOOR
    100 EAST SIX FORKS ROAD
    RALEIGH,NC27609     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    NC COASTAL LAND TRUST
    ATTN CAMILLA M HERLEVICH
    131 RACINE DRIVE SUITE 202
    WILMINGTON,NC28403     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    PUBLIC RADIO EAST FOUNDATION
    ATTN CRAIG BRAKE JILL MCGUIRE
    800 COLLEGE COURT
    NEW BERN,NC28562     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    WOMENS RESOURCE CTR OF GREENS
    ATTN BETSY BRODEUR
    628 SUMMIT AVENUE
    GREENSBORO,NC27405     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    CENTER FOR DEATH PENALTY LITIGATION
    ATTN SANDY DEMEREE
    201 WEST MAIN STREET SUITE 301
    DURHAM,NC27701     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,500
    CORNUCOPIA CANCER SUPPORT CENT
    5517 DURHAM CHAPEL HILL STE 1000
    DURHAM,NC277073328     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 5,000
    KAREN BEASLEY SEA TURTLE R&R
    PO BOX 2663
    SURF CITY,NC28445     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    APPALACHIAN VOICES
    ATTN PARKER STEVENS
    191 HOWARD STREET
    BOONE,NC28607     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,500
    WATTS SCHOOL OF NURSING
    ATTN PEGGY WALTERS EDD MSN MED
    2828 CROASDAILE DRIVE SUITE 200
    DURHAM,NC27705     		NONE EXEMPT ETHEL CLAY SCHOLARSHIP IN HONOR OF MELANIE 14,500
    CUCALORUS FILM FOUNDATION
    ATTN DAN BRAWLEY
    815 PRINCESS STREET
    WILMINGTON,NC28401     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    DEMOCRACY NORTH CAROLINA
    ATTN BOB HALL
    1821 GREEN STREET
    DURHAM,NC27705     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 4,500
    WUNC-FM
    ATTN JENNIFER FUSCO
    120 FRIDAY CENTER DRIVE
    CHAPEL HILL,NC27517     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 8,500
    THE MEDICAL FOUNDATION OF UNC INC
    ATTN ANNE HAGER-BLUNK
    880 MLK JR BLVD
    CHAPEL HILL,NC27514     		NONE EXEMPT UNC HOSPICE IN HONOR OF MELANIE ANNE TAYLOR 1,000
    THE EDUCATIONAL FOUNDATION INC
    ATTN DAWN MCPHERSON
    450 SKIPPER BOWLES DRIVE
    CHAPEL HILL,NC27599     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 15,000
    UNC-TV
    ATTN CATHY DOBBINS
    PO BOX 14900
    RESEARCH TRIANGLE PARK,NC27709     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    INST FOR SOUTHERN STUDIESFACI
    ATTN CHRIS KROMM
    PO BOX 531
    DURHAM,NC277020531     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 4,000
    NORTH CAROLINA SUSTAINABLE ENERGY
    ASSOCIATION ATTN PAUL QUINLAN
    PO BOX 6465
    RALEIGH,NC27628     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 1,000
    PLANNED PARENTHOOD OF CENTRAL NC
    ATTN BECKY CARVER
    P O BOX 3258
    CHAPEL HILL,NC27515     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    NORTH CAROLINA COASTAL FEDERATION
    ATTN SALLY STEELE
    3609 HIGHWAY 24
    NEWPORT,NC25870     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,500
    CONSERVATION TRUST FOR NC
    ATTN JOHN A BELL
    1028 WASHINGTON STREET
    RALEIGH,NC27605     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 3,500
    CLEAN WATER FOR NC
    ATTN HOPE TAYLOR
    29 1/2 PAGE AVENUE
    ASHEVILLE,NC28801     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,500
    NC CONSERVATION NETWORK
    ATTN BRIAN BUZBY
    19 EAST MARTIN STREET SUITE 300
    RALEIGH,NC27601     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,500
    TOXIC FREE NORTH CAROLINA
    ATTN FAWN PATTISON
    206 NEW BERN PLACE
    RALEIGH,NC27601     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,000
    CAROLINA JUSTICE POLICY CENTER
    ATTN LAO RUBERT
    PO BOX 309
    DURHAM,NC27702     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 4,000
    EYES EARS NOSE AND PAWS
    ATTN MARIA IKENBERRY
    209 LLOYD STREET SUITE 320
    CARRBORO,NC27510     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 9,500
    NATIONAL CAUCUS OF ENVIRONMENTAL
    LEGISLATORS ATTN LEON BILLINGS
    20 ADDY RD
    BETHANY BEACH,DE19930     		NONE EXEMPT GENERAL PURPOSE OF CHARITY 2,500
    THE SIERRA CLUB FOUNDATION
    ATTN MOLLY DIGGINS
    85 SECOND ST STE 750
    SAN FRANCISCO,CA84105     		NONE EXEMPT NC CHAPTER GENERAL FUND 2,500
    Total .................................bullet 3a 376,500
    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          
    4 Dividends and interest from securities....     14 216,745  
    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 16,007  
    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)..   232,752  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13232,752
    (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 InvestmentsOtherSchedule2
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LOOMIS SAYLES STRATEGIC      
    OPPENHEIMER INTL BD Y AT COST 370,042 400,529
    PIMCO TOTAL RETURN FUND AT COST 661,270 614,866
    PIMCO EMERGING MARKETS AT COST 417,685 433,403
    RIDGEWORTH TOTAL RETURN AT COST 673,352 657,494
    ARTIO INTL EQUITY FUND AT COST 277,881 190,097
    COLUMBIA MARSICO 21ST      
    COLUMBIA VALUE & RESTRUC      
    DODGE & COX INTL STOCK AT COST 374,453 218,195
    DRIEHAUS INTL DISCOVERY AT COST 102,457 67,370
    FIDELITY ADV LEVERAGED AT COST 53,907 86,248
    AMERICAN FD GROWTH FUND AT COST 278,759 364,375
    MUTUAL BEACON FUND CL Z      
    OPPENHEIMER VALUE FUND      
    OPPENHEIMER DEVELOPING AT COST 174,750 119,513
    PRUDENTIAL JENNISON AT COST 96,166 71,880
    ROYCE VALUE FUND AT COST 124,415 168,914
    VANGUARD MID CAP AT COST 96,461 92,946
    IQ MAX NOTE DATED 12/31/2010 AT COST 300,000 300,000
    JAMES BALANCED GOLDEN AT COST 300,000 302,632
    AMERICAN FD NEW WORLD AT COST 145,000 124,011
    PEAR TREE EMRG MKTS FD AT COST 145,000 117,097
    CAROLINA FABRICATN NT1/20/2011 AT COST 300,000 300,000
    RYDEX ETF TRUST AT COST 786,487 737,703
    VANGUARD LARGE CAP AT COST 795,629 760,199
    CAROLINA FABRICATN NT5/26/2011 AT COST 100,000 100,000
    INTEGRO EARTH FUELS 5% PFD STK AT COST 200,000 200,000
    CAROLINA FABRICATN NT7/26/2011 AT COST 400,000 400,000
    CAROLINA FABRICATN NT 9/7/2011 AT COST 150,000 150,000
    IQMAX INC CERTIFICATE C-288 AT COST 702 702
    CAROLINA FABRICATN NT 10/13/11 AT COST 150,000 150,000
    CAROLINA FABRICATN NT 11/30/11 AT COST 100,000 100,000
    CAROLINA FABRICATN NT 12/15/11 AT COST 125,000 125,000
    IQ MAX NOTE DATED 10/13/2011 AT COST 150,000 150,000
    IQ MAX NOTE DATED 11/18/2011 AT COST 100,000 100,000

    TY 2011 OtherDecreasesSchedule
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Description Amount
    ADJUSTMENT TO COST FOR ROC 6,257


    TY 2011 OtherExpensesSchedule
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 702 0   702


    TY 2011 OtherIncomeSchedule2
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income


    TY 2011 OtherIncreasesSchedule
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Description Amount
    ROUNDING 6


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES-SUBJECT T 62,602 62,602    


    TY 2011 TaxesSchedule
    Name:
    JULIAN PRICE FAMILY FOUNDATION
    EIN: 31-1665269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 3,741 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,906 1,906   0
    FOREIGN TAXES ON NONQUALIFIED 93 93   0