TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2011

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

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

Amended returnAddress changeName change

Name of foundation
BAKALIAN FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044 Room/suite

City or town, state, and ZIP code
CHARLOTTE, NC28288

A Employer identification number

25-6889999

B Telephone number (see page 10 of the instructions)

(336) 747-8138

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$550,712J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	21		21
4	Dividends and interest from securities......	17,015		16,682
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		113,482
b	Gross sales price for all assets on line 6a 779,720
7	Capital gain net income (from Part IV, line 2)...			113,482
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........	130,518		130,185
13	Compensation of officers, directors, trustees, etc.	10,421		7,816		2,605
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		3,071	0	0	3,071
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		702	272		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).......		439			439
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	14,633		8,088	0	6,115
25	Contributions, gifts, grants paid........	36,398				36,398
26	Total expenses and disbursements. Add lines 24 and 25	51,031		8,088	0	42,513
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	79,487
b	Net investment income (if negative, enter -0-)			122,097
c	Adjusted net income (if negative, enter -0-)...				0

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	28,360	23,172	23,172
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	89,763
	b	Investments—corporate stock (attach schedule)........	371,318	444,133	398,612
	c	Investments—corporate bonds (attach schedule)........	31,838	133,216	128,928
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	521,279	600,521	550,712
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	521,279	600,521
	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)....................	521,279	600,521
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	521,279	600,521

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	521,279
2	Enter amount from Part I, line 27a.....................	2	79,487
3	Other increases not included in line 2 (itemize)	3	210
4	Add lines 1, 2, and 3..........................	4	600,976
5	Decreases not included in line 2 (itemize)	5	455
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	600,521

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	19.275 AT&T INC	2010-06-11	2011-02-25
b	57.725 AT&T INC	2009-03-03	2011-02-25
c	53. AU OPTRONICS CORP-ADR COM	2008-09-18	2011-02-25
d	43. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009	2006-05-17	2011-02-25
e	60. ACTUANT CORP COM	2010-07-23	2011-01-04
	20. ADOBE SYS INC COM	2011-01-18	2011-02-25
	2997.03 ADVISORS SER TR PIA BBB BOND	2009-11-13	2011-02-28
	45. AGILENT TECHNOLOGIES INC COM	2010-08-20	2011-02-01
	8. AIR PRODS & CHEMICALS INC COM W/ RTS TO PURCHASE PFD SHS EXP	2010-10-22	2011-02-25
	15. ALBEMARLE CORP COM	2010-05-20	2011-01-19
	21. ALBEMARLE CORP COM	2010-05-20	2011-01-28
	120. ALTRIA GROUP INC	2009-06-04	2011-02-25
	8. AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS	2009-07-09	2011-02-25
	16. AMERICAN EXPRESS CO COM	2009-02-27	2011-02-25
	7. AMGEN INC COM W/RTS ATTACHED EXP 03/21/2007	2007-11-14	2011-02-16
	9. AMGEN INC COM W/RTS ATTACHED EXP 03/21/2007	2010-09-30	2011-02-16
	11. AMGEN INC COM W/RTS ATTACHED EXP 03/21/2007	2009-03-13	2011-02-17
	8. AMGEN INC COM W/RTS ATTACHED EXP 03/21/2007	2009-03-03	2011-02-25
	40. AMPHENOL CORP NEW CL A	2006-05-18	2011-02-25
	15. ANADARKO PETE CORP COM W/RIGHTS ATTACHED EXPIRING 11/10/2008	2010-06-23	2011-02-25
	8. ANADARKO PETE CORP COM W/RIGHTS ATTACHED EXPIRING 11/10/2008	2011-02-16	2011-02-25
	20. ANSYS INC COM	2010-10-12	2011-01-20
	2. APACHE CORP COM RTS EXP 01/31/2006	2011-01-13	2011-02-25
	11. APACHE CORP COM RTS EXP 01/31/2006	2010-11-10	2011-02-25
	15. APPLE COMPUTER INC COM	2009-02-27	2011-02-25
	47. ARCH COAL INC COM	2011-01-19	2011-02-25
	42. ARCHER DANIELS MIDLAND CO COM	2009-12-14	2011-02-25
	319.791 ARTISAN FDS INC INTL FD INVESTOR CLASS	2011-03-03	2011-08-10
	24. ASTRAZENECA PLC SPONSORED ADR	2009-05-22	2011-02-25
	55. AUSTRALIA & NEW ZEALAND BKG GROUP LTD SPONSORED ADR	2009-07-23	2011-02-25
	25. AUTOMATIC DATA PROCESSING INC COM	2006-05-17	2011-02-25
	58. AVNET INC COM	2011-01-28	2011-02-25
	32. BNP PARIBAS ADR COM	2010-05-19	2011-02-25
	133. BANCO SANTANDER CENT HISPANO SA ADR	2009-03-20	2011-02-25
	37. BANCO SANTANDER BRASIL SA - ADR	2009-10-16	2011-02-25
	75. BANK AMER CORP COM	2011-01-05	2011-02-25
	112. BANK AMER CORP COM	2010-11-29	2011-02-25
	46. BANK NEW YORK MELLON CORP COM	2008-09-29	2011-01-05
	2. BANK NEW YORK MELLON CORP COM	2010-04-15	2011-01-05
	32. BANK NEW YORK MELLON CORP COM	2009-03-03	2011-02-25
	63. BARCLAYS PLC PLC ADR	2010-07-16	2011-02-25
	10. BARRICK GOLD CORP COM	2009-11-06	2011-01-07
	14. BARRICK GOLD CORP COM	2009-09-25	2011-02-25
	14. BECTON DICKINSON & CO COM	2009-10-13	2011-02-25
	4000. BELLSOUTH CORP 5.200% 9/15/14	2007-04-26	2011-02-25
	28. BHP LIMITED SPONS ADR COM	2009-02-04	2011-02-25
	9. BIO RAD LABS INC CL A	2010-05-03	2011-02-25
	10. BIO RAD LABS INC CL A	2008-11-07	2011-02-25
	63. BRUKER CORPORATION	2010-05-10	2011-02-25
	31. CIGNA CORP COM	2010-11-05	2011-02-25
	68. CIT GROUP INC.	2010-10-25	2011-02-25
	5. CME GROUP INC	2010-10-27	2011-01-03
	12. CANADIAN NATL RY CO COM	2009-07-10	2011-01-26
	25. CANON INC ADR REPSTG 5 SHS	2008-01-28	2011-02-25
	3. CARNIVAL CORP PAIRED CTF 1 COM	2010-06-07	2011-02-25
	29. CARNIVAL CORP PAIRED CTF 1 COM	2009-03-03	2011-02-25
	26. CATERPILLAR INC COM W/RTS EXP 12/11/2006	2009-07-07	2011-02-25
	27. CATERPILLAR INC COM W/RTS EXP 12/11/2006	2009-02-27	2011-02-25
	66. CHEUNG KONG HLDGS LTD ADR	2009-01-23	2011-02-25
	13. CHEUNG KONG HLDGS LTD ADR	2010-06-09	2011-02-25
	37. CHEVRONTEXACO CORP COM	2006-05-17	2011-02-25
	14. CHEVRONTEXACO CORP COM	2010-06-08	2011-02-25
	38. CHEVRONTEXACO CORP COM	2010-01-26	2011-02-25
	10. CHINA CONSTRUCTION BK CORP ADR	2009-05-14	2011-01-21
	27. CHINA CONSTRUCTION BK CORP ADR	2009-05-14	2011-02-25
	16. CHINA UNICOM LTD SPONSORED ADR	2010-02-16	2011-01-21
	43. CHINA UNICOM LTD SPONSORED ADR	2010-02-16	2011-02-25
	47. CISCO SYS INC COM W/RIGHTS ATTACHED EXPIRING 6/10/2008	2009-02-27	2011-02-25
	304. CITIGROUP INC COM	2010-08-25	2011-02-25
	219. CITIGROUP INC COM	2010-02-19	2011-02-25
	3. CLIFFS NAT RES INC	2010-06-04	2011-02-25
	15. CLIFFS NAT RES INC	2009-12-04	2011-02-25
	83. COCA-COLA CO COM	2009-02-27	2011-02-25
	16. COLGATE-PALMOLIVE CO COM	2010-08-23	2011-02-25
	78. COMCAST CORP NEW CL A	2010-01-12	2011-02-25
	21. COMCAST CORP NEW CL A	2010-10-04	2011-02-25
	40. COMERICA INC COM RT EXPS 07/01/2006	2010-12-20	2011-01-27
	4000. CONOCO INC SR NT DTD 4/20/99 6.95% 04/15/2029	2008-12-11	2011-02-25
	67. CONOCOPHILLIPS COM	2009-05-07	2011-02-25
	49. COOPER TIRE & RUBBER CO COM	2011-02-11	2011-02-25
	44. COOPER TIRE & RUBBER CO COM	2010-12-03	2011-02-25
	68. CORNING INC COM W/RTS EXP 07/15/2006	2010-12-21	2011-02-25
	58. CREDIT SUISSE COMM RT ST-CO #2156	2011-03-03	2011-04-26
	2. CROWN HLDGS INC	2009-10-15	2011-01-12
	33. CROWN HLDGS INC	2010-04-22	2011-01-12
	33. CROWN HLDGS INC	2009-10-15	2011-02-25
	93. DANSKE BK A/S ADR	2010-12-30	2011-02-25
	107. DELTA AIR LINES INC	2009-01-14	2011-01-03
	102. DELTA AIR LINES INC	2009-03-03	2011-02-25
	14. DESARROLLADORA HOMEX S A DE C V ADR	2010-10-19	2011-02-25
	14. DEVON ENERGY CORP NEW COM	2010-11-15	2011-02-25
	64. DIAMOND HILL LONG-SHORT FD CL I #11	2011-04-28	2011-10-20
	73. DIAMOND HILL LONG-SHORT FD CL I #11	2011-03-03	2011-12-15
	41. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-02-24	2011-02-25
	24. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2010-03-11	2011-02-25
	141. DISCOVER FINANCIAL SERVICES	2010-09-08	2011-02-25
	23. DODGE & COX INT'L STOCK FD # 1048	2011-04-28	2011-08-10
	768. DODGE & COX INCOME FD COM	2011-04-28	2011-08-10
	70. DODGE & COX INCOME FD COM	2011-04-28	2011-12-15
	19. DOLBY LABORATORIES INC	2011-02-04	2011-02-25
	14. DOLBY LABORATORIES INC	2008-04-28	2011-02-25
	62. DOW CHEM CO COM	2009-10-28	2011-02-25
	6. DOW CHEM CO COM	2010-12-09	2011-02-25
	54. DREAMWORKS ANIMATION INC	2010-05-25	2011-02-14
	20. DREYFUS EMG MKT DEBT LOC C-I #6083	2011-03-03	2011-04-26
	58. E M C CORP MASS COM	2010-12-14	2011-02-25
	4. ENI S P A ADR	2010-06-09	2011-02-25
	30. ENI S P A ADR	2009-05-13	2011-02-25
	81. EAST JAPAN RAILWAY COMPANY ADR	2009-08-10	2011-02-25
	3. EATON CORP COM W/RTS EXP 07/12/2005	2006-05-15	2011-02-02
	25. EATON CORP COM W/RTS EXP 07/12/2005	2009-03-03	2011-02-25
	97. EL PASO CORP COM	2009-12-03	2011-02-25
	15. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008	2011-02-09	2011-02-25
	13. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008	2009-07-31	2011-02-25
	4. ENCANA CORP COM	2010-04-09	2011-02-25
	25. ENCANA CORP COM	2009-11-19	2011-02-25
	99. ESPRIT HOLDINGS LTD-SPON ADR	2009-11-10	2011-02-25
	6. EXXON MOBIL CORP COM	2010-04-30	2011-01-31
	12. EXXON MOBIL CORP COM	2009-10-12	2011-01-31
	92. EXXON MOBIL CORP COM	2009-08-04	2011-02-25
	33. EXXON MOBIL CORP COM	2009-11-05	2011-02-25
	54. FEI CO COM	2010-09-22	2011-01-13
	19000. FEDERAL HOME LN MTG CORP BD DTD 07/16/2002 5.125% 07/15/2012	2009-11-12	2011-02-25
	10000. FED NATL MTG ASSN 4.375% 3/15/13	2010-12-16	2011-02-25
	70. FIDELITY NATL INFORMATION SVCS INC	2011-01-13	2011-02-25
	60. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND	2011-03-03	2011-10-20
	48. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND	2011-03-03	2011-12-15
	22. FOMENTO ECONOMICO MEXICANO SP ADR COM	2009-02-27	2011-02-25
	140. FORD MTR CO DEL COM	2009-07-07	2011-02-25
	11. FRANKLIN RES INC COM	2008-05-28	2011-02-25
	16. FREEPORT MCMORAN COPPER & GOLD CL B W/RTS ATTACHED EXP 5/3/2010	2010-01-12	2011-02-25
	20. FREEPORT MCMORAN COPPER & GOLD CL B W/RTS ATTACHED EXP 5/3/2010	2010-05-19	2011-02-25
	13. FUJIFILM HLDGS CORP ADR	2010-07-30	2011-02-25
	53. FUJIFILM HLDGS CORP ADR	2006-05-16	2011-02-25
	25. GAZPROM O A O SPONSORED ADR	2009-06-11	2011-02-25
	20. GENERAL DYNAMICS CORP COM	2009-02-27	2011-02-25
	55. GENERAL ELEC CO COM	2009-03-03	2011-02-25
	104. GENERAL ELEC CO COM	2009-02-27	2011-02-25
	5000. GENERAL ELEC CAP COR 5.875% 1/14/38	2008-05-21	2011-02-25
	38. GLAXO SMITHKLINE SPONSORED PLC ADR	2008-10-15	2011-02-25
	5. GOLDMAN SACHS GRP INC COM	2010-09-01	2011-02-25
	14. GOLDMAN SACHS GRP INC COM	2008-12-30	2011-02-25
	5000. GOLDMAN SACHS GROUP 6.150% 4/01/18	2009-04-07	2011-02-25
	10. GOLDMAN SACHS GROWTH OPPORTUNITIES INSTITUTIONAL SHARES	2011-03-03	2011-04-26
	49. GOLDMAN SACHS GROWTH OPPORTUNITIES INSTITUTIONAL SHARES	2011-03-03	2011-10-20
	14. B F GOODRICH CO COM W/RIGHTS ATTACHED EXP 8/2/2007	2010-09-29	2011-02-25
	39. GRAFTECH INTERNATIONAL LTD COM	2011-02-24	2011-02-25
	37. GUESS INC COM	2010-11-05	2011-02-25
	45. HSBC HLDGS PLC SPONSORED ADR NEW	2009-03-26	2011-02-25
	5. HSN INC	2010-03-30	2011-01-11
	7. HSN INC	2010-06-18	2011-01-12
	11. HSN INC	2010-06-18	2011-02-25
	59. HSN INC	2010-01-28	2011-02-25
	9. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2009-05-05	2011-02-17
	29. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2009-06-30	2011-02-25
	58. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2009-02-27	2011-02-25
	4. HARBOR FD CAP APPRECIATION	2011-03-03	2011-04-26
	103. HARBOR FD CAP APPRECIATION	2011-03-03	2011-10-20
	19. HARBOR FD CAP APPRECIATION	2011-03-03	2011-12-15
	23. HASBRO INC COM	2010-05-17	2011-02-25
	40. HASBRO INC COM	2010-02-12	2011-02-25
	30. HELMERICH & PAYNE INC COM W/RTS EXP 01/31/2006	2010-10-06	2011-01-27
	15. HELMERICH & PAYNE INC COM W/RTS EXP 01/31/2006	2010-06-02	2011-02-17
	175. HENDERSON LD DEV LTD ADR	2010-08-19	2011-02-25
	177. HERTZ GLOBAL HOLDINGS INC	2009-03-03	2011-02-25
	37. HERTZ GLOBAL HOLDINGS INC	2010-09-30	2011-02-25
	5. HESS CORP	2010-11-09	2011-02-25
	13. HESS CORP	2009-06-03	2011-02-25
	15. HEWLETT-PACKARD CO COM	2011-01-18	2011-02-25
	84. HOLCIM LTD - ADR	2009-04-08	2011-02-25
	40. HOSPIRA INC	2010-03-18	2011-02-25
	28. HUBBELL INC CL B W/RIGHTS ATTACHED EXPIRING 12/31/2008	2010-10-25	2011-02-25
	201. HUNTINGTON BANCSHARES INC COM	2011-01-27	2011-02-25
	275. HUSSMAN STRATEGIC GROWTH FD	2011-03-03	2011-08-10
	108. HUSSMAN STRATEGIC GROWTH FD	2011-03-03	2011-12-15
	21. HUTCHISON WHAMPOA LTD ADR	2006-11-17	2011-02-25
	21. HYATT HOTELS CORP	2010-02-03	2011-02-25
	8. HYATT HOTELS CORP	2010-06-30	2011-02-25
	25. IBERDROLA S.A.ADA ADR	2010-05-12	2011-02-25
	20. IBERDROLA S.A.ADA ADR	2009-09-18	2011-02-25
	26. ICON PLC SPONSORED ADR	2011-01-13	2011-02-25
	40. ICON PLC SPONSORED ADR	2010-03-23	2011-02-25
	18. IHS INC	2008-09-19	2011-02-25
	38. IMPERIAL TOB GRP PLC SPONSORED ADR	2009-12-21	2011-02-25
	43. INTEL CORP COM	2009-07-07	2011-02-25
	108. INTEL CORP COM	2009-02-27	2011-02-25
	12. INTERCONTINENTALEXCHANGE INC	2011-01-03	2011-02-25
	4. INTERCONTINENTALEXCHANGE INC	2009-11-12	2011-02-25
	5. INTL BUSINESS MACHINES CORP COM	2010-03-11	2011-02-25
	16. INTL BUSINESS MACHINES CORP COM	2010-01-15	2011-02-25
	58. INTERNATIONAL PAPER CO COM	2010-09-23	2011-02-25
	16. INTERNATIONAL POWER PLC COM	2010-01-11	2011-02-25
	7. INTERNATIONAL POWER PLC COM	2010-05-18	2011-02-25
	63. INTERVAL LEISURE GROUP INC	2008-10-15	2011-02-25
	4. INTUITIVE SURGICAL INC	2009-02-27	2011-02-25
	15. ISHARES S&P 500 INDEX FUND	2011-03-03	2011-08-10
	15. ISHARES S&P 500 INDEX FUND	2011-03-03	2011-10-20
	10. ISHARES S&P 500 INDEX FUND	2011-03-03	2011-12-15
	14. JP MORGAN CHASE & CO COM	2011-01-24	2011-02-25
	58. JP MORGAN CHASE & CO COM	2009-06-02	2011-02-25
	114. JP MORGAN CHASE & CO COM	2009-03-03	2011-02-25
	24. JP MORGAN CHASE & CO COM	2010-11-22	2011-02-25
	5000. JPMORGAN CHASE & CO 3.700% 1/20/15	2009-11-03	2011-02-25
	73. JOHNSON & JOHNSON COM	2009-06-04	2011-02-25
	1. JOHNSON & JOHNSON COM	2010-11-11	2011-02-25
	18. JOHNSON & JOHNSON COM	2009-09-14	2011-02-25
	63. KBR INC	2011-01-20	2011-02-25
	44. KEELEY SMALL CAP VAL FD CL I #2251	2011-03-03	2011-10-20
	101. KEYCORP NEW COM	2010-01-12	2011-02-25
	79. KEYCORP NEW COM	2010-10-20	2011-02-25
	37. KRAFT FOODS INC-A COM	2010-10-21	2011-02-25
	15. KROGER CO COM	2010-01-04	2011-02-07
	61. KROGER CO COM	2010-01-04	2011-02-25
	9. LABORATORY CORP AMER HLDGS COM NEW	2007-10-25	2011-02-25
	25. LANDSTAR SYS INC COM	2011-02-15	2011-02-25
	21. LAUDER ESTEE COS INC CL A	2009-02-27	2011-02-25
	10. LAUDUS MONDRIAN INTL FI-INST #2940	2011-03-03	2011-04-26
	1232. LAUDUS MONDRIAN INTL FI-INST #2940	2011-03-03	2011-08-10
	23. LIBERTY MEDIA-STARZ SERIES A	2011-02-14	2011-02-25
	27. LIFE TECHNOLOGIES CORP	2011-01-12	2011-02-25
	5. M & T BK CORP COM	2009-03-17	2011-01-14
	8. M & T BK CORP COM	2009-03-17	2011-02-25
	74. MFS VALUE FUND-CLASS I #893	2011-04-28	2011-12-15
	27. MACQUARIE BK LTD ADR	2010-04-23	2011-02-25
	4. MARATHON OIL CORP COM	2010-04-26	2011-01-13
	11. MARATHON OIL CORP COM	2009-12-04	2011-01-13
	20. MARATHON OIL CORP COM	2009-09-30	2011-02-25
	10. MARATHON OIL CORP COM	2010-04-27	2011-02-25
	48. MARRIOTT INTL INC NEW CL A	2009-06-30	2011-02-25
	40. MCDONALDS CORP COM	2009-06-03	2011-02-25
	31. MCGRAW HILL COS INC	2007-11-13	2011-02-25
	9. MCKESSON HBOC INC COM	2011-02-08	2011-02-25
	8. MEDNAX INC	2010-03-18	2011-02-25
	15. MEDNAX INC	2010-02-05	2011-02-25
	22. MEDTRONIC INC COM W/RTS ATTACHED EXP 10/26/2010	2009-02-27	2011-02-25
	28. MERCK & CO INC NEW	2009-08-05	2011-02-25
	5. MERCK & CO INC NEW	2010-08-19	2011-02-25
	52. MERCK & CO INC NEW	2009-07-01	2011-02-25
	40. MERGER FD SH BEN INT	2011-03-03	2011-08-10
	63. MERGER FD SH BEN INT	2011-03-03	2011-12-15
	22. METLIFE INC COM	2009-06-29	2011-02-25
	98. MICROSOFT CORP COM	2009-02-27	2011-02-25
	59. MICROCHIP TECHNOLOGY INC COM W/RTS ATTACHED EXP 02/13/2005	2010-10-15	2011-02-25
	22. MICROCHIP TECHNOLOGY INC COM W/RTS ATTACHED EXP 02/13/2005	2009-02-27	2011-02-25
	15. MITSUBISHI CORP SPONSORED ADR	2009-04-08	2011-02-25
	16. MITSUBISHI CORP SPONSORED ADR	2010-10-18	2011-02-25
	339. MITSUBISHI UFJ FINANCIAL GROUP INC ADR	2009-10-02	2011-02-25
	123. MONOTYPE IMAGING HOLDINGS INC	2008-09-09	2011-02-25
	72. MORGAN STANLEY DEAN WITTER & CO COM NEW	2009-05-08	2011-02-25
	19. MOSAIC CO	2010-01-13	2011-02-25
	43. MUENCHINER RUECK ADR	2009-05-04	2011-02-25
	80. MURATA MANUFACTUR-UNSPON ADR	2010-04-12	2011-02-16
	18. MURPHY OIL CORP COM W/RTS ATTACHED EXP 04/06/2008	2010-11-04	2011-01-27
	52. NTT DOCOMO INC SPONSORED ADR	2007-10-12	2011-02-25
	65. NATIONAL BK GREECE S A SPONSORED ADR	2010-10-05	2011-02-25
	233. NATIONAL BK GREECE S A SPONSORED ADR	2010-01-14	2011-02-25
	20. NATIONAL GRID PLC ADR	2009-07-07	2011-02-25
	64. NESTLE S A SPONSORED ADR REPSTG REG SH	2009-02-27	2011-02-25
	20. NEWMONT MNG CORP COM NEW W/RIGHTS ATTACHED EXP 9/11/2010	2010-08-02	2011-01-07
	221. NEWS CORP CL A	2009-10-13	2011-02-25
	46. NEXEN INC COM	2010-04-16	2011-02-25
	12. NEXTERA ENERGY INC	2010-08-10	2011-02-25
	43. NIPPON TELEG & TEL CORP SPONSORED ADR	2006-05-16	2011-02-25
	146. NIPPON YUSEN KABUSHIKI KAISHA ADR	2009-12-17	2011-02-25
	47. NIPPON YUSEN KABUSHIKI KAISHA ADR	2010-06-09	2011-02-25
	91. NISSAN MTR LTD SPONSORED ADR	2009-03-23	2011-02-25
	17. NITTO DENKO CORP. - ADR	2010-12-29	2011-02-25
	96. NOKIA CORP SPONSORED ADR	2008-06-23	2011-02-25
	15. NOBLE ENERGY INC COM	2009-05-26	2011-02-11
	3. NOBLE ENERGY INC COM	2010-02-12	2011-02-11
	21. NOVO-NORDIST A S ADR	2009-03-30	2011-02-25
	22. OCCIDENTAL PETE CORP COM	2006-05-17	2011-02-25
	23. OIL STATES INTERNATIONAL INC COM	2011-02-11	2011-02-25
	22. OMNICOM GRP INC COM	2010-12-03	2011-02-25
	13. OMNICOM GRP INC COM	2009-05-12	2011-02-25
	48. ORACLE CORP COM	2010-09-08	2011-02-25
	18. OPPENHEIMER DEVELOPING MKT-Y #788	2011-03-03	2011-04-26
	68. OSHKOSH TRUCK CORP CLASS B W/RIGHTS ATTA	2010-09-17	2011-02-25
	1. PG&E CORP COM W/RIGHTS ATTACHED EXP 12/22/2010	2010-05-07	2011-02-25
	16. PG&E CORP COM W/RIGHTS ATTACHED EXP 12/22/2010	2009-10-01	2011-02-25
	907. PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL	2011-04-28	2011-08-10
	214. PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL	2011-04-28	2011-12-15
	96. PIMCO FOREIGN BOND FUND-INST	2011-08-12	2011-12-15
	25. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010	2009-03-03	2011-02-25
	7. POSCO SPONSORED ADR	2009-03-12	2011-02-25
	17. PPL CORP COM	2010-06-23	2011-02-25
	4. PEPSICO INC COM	2010-11-10	2011-02-25
	15. PEPSICO INC COM	2010-01-27	2011-02-25
	44. PEPSICO INC COM	2009-02-27	2011-02-25
	19. PETROLEO BRASILEIRO SA PETROBRAS ADR	2010-02-04	2011-02-25
	55. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007	2011-01-06	2011-02-25
	109. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007	2010-11-11	2011-02-25
	4000. PFIZER INC. 6.200% 3/15/19	2009-10-21	2011-02-25
	123. PHILIP MORRIS INTERNATIONAL IN	2009-02-27	2011-02-25
	77. PLEXUS CORP COM W/RTS EXP 8/11/2008	2010-08-24	2011-02-25
	1. PLEXUS CORP COM W/RTS EXP 8/11/2008	2011-01-20	2011-02-25
	128. PORSCHE AUTOMOBIL-UNSP ADR	2010-06-11	2011-02-25
	105. PORSCHE AUTOMOBIL-UNSP ADR	2009-11-10	2011-02-25
	23. PRAXAIR INC COM	2009-02-27	2011-02-25
	18. PROASSURANCE CORPORATION COMMON	2009-05-05	2011-02-25
	8. PROCTER & GAMBLE CO COM	2011-02-07	2011-02-25
	24. PROCTER & GAMBLE CO COM	2010-11-18	2011-02-25
	50. PROCTER & GAMBLE CO COM	2006-05-17	2011-02-25
	5. PROGRESS ENERGY INC COM	2010-05-18	2011-02-25
	12. PROGRESS ENERGY INC COM	2009-03-03	2011-02-25
	81. PROGRESS SOFTWARE CORPORATION COMMON	2010-05-07	2011-02-25
	14. PRUDENTIAL FINANCIAL INC COM	2007-08-14	2011-02-25
	28. PRUDENTIAL FINANCIAL INC COM	2010-12-17	2011-02-25
	4. PRUDENTIAL FINANCIAL INC COM	2011-02-24	2011-02-25
	26. QUALCOMM INC COM W/RTS ATTACHED	2009-02-27	2011-02-25
	10. QUEST SOFTWARE INC COM	2010-02-26	2011-02-25
	45. QUEST SOFTWARE INC COM	2011-02-04	2011-02-25
	40. QUEST SOFTWARE INC COM	2010-02-03	2011-02-25
	23. RAYONIER INC COM	2009-07-08	2011-02-25
	95. REGIONS FINL CORP NEW	2010-01-26	2011-02-25
	30. REGIONS FINL CORP NEW	2010-04-14	2011-02-25
	36. REPSOL YPF S A SPONSORED ADR	2008-01-09	2011-02-25
	104. RIDGEWORTH SEIX HY BD-I #5855	2011-04-28	2011-08-10
	172. RIDGEWORTH SEIX HY BD-I #5855	2011-03-03	2011-12-15
	21. RIO TINTO PLC SPONSORED ADR	2010-10-21	2011-02-25
	37. ROCHE HLDG LTD SPONSORED ADR	2010-01-25	2011-02-25
	18. ROCK-TENN CO CL A	2011-01-24	2011-02-25
	23. ROCK-TENN CO CL A	2010-02-01	2011-02-25
	13. ROPER INDS INC NEW COM W/RTS ATTACHED EXP 01/08/2006	2010-09-13	2011-01-19
	15. ROPER INDS INC NEW COM W/RTS ATTACHED EXP 01/08/2006	2009-12-02	2011-01-19
	4067. ROWE T PRICE SHORT TERM BD FD INC	2011-03-03	2011-04-26
	3. ROYAL DUTCH SHELL PLC ADR	2010-04-26	2011-02-25
	27. ROYAL DUTCH SHELL PLC ADR	2009-05-14	2011-02-25
	41. ROYAL DUTCH SHELL PLC SPONSORED	2009-03-30	2011-02-25
	.3619 ROYAL DUTCH SHELL PLC SPONSORED	2011-03-28	2011-03-30
	59. SEI INVT CO COM	2010-04-29	2011-02-23
	96. SLM CORP COM	2010-09-17	2011-02-25
	92. SPDR DJ WILSHIRE INTERNATIONAL REAL	2011-05-02	2011-08-10
	94. SAFEWAY INC COM NEW	2011-01-04	2011-02-25
	25. ST JUDE MED INC COM W/RTS ATTACHED EXP 0	2010-03-24	2011-02-25
	20. ST JUDE MED INC COM W/RTS ATTACHED EXP 0	2010-02-22	2011-02-25
	139. SALZGITTER AG-UNSP ADR	2010-06-09	2011-02-25
	10. SANOFI-AVENTIS SPONSORED ADR	2010-05-12	2011-02-25
	50. SANOFI-AVENTIS SPONSORED ADR	2008-03-05	2011-02-25
	40. SCHLUMBERGER LTD COM	2009-06-22	2011-02-25
	23. SCHLUMBERGER LTD COM	2009-02-27	2011-02-25
	20. SEVEN & I HOLDINGS CO., LTD ADR	2010-02-05	2011-02-25
	15. SHIN-ETSU CHEMICAL CO ADR	2010-12-29	2011-02-25
	131. SOLUTIA INC/NEW	2010-07-01	2011-02-25
	24. STATE STR CORP COM	2009-05-27	2011-02-25
	30. STATOIL ASA SPONSORED ADR	2007-04-13	2011-02-25
	73. SUMITOMO CHEMICAL CO-UNS ADR	2010-04-26	2011-02-25
	3. SUNCOR ENERGY INC NEW F	2010-11-10	2011-02-25
	26. SUNCOR ENERGY INC NEW F	2009-12-04	2011-02-25
	111. SUNTRUST BKS INC COM	2010-02-03	2011-02-25
	58. SWISSCOM AG-SPONSORED ADR COM	2009-11-19	2011-02-25
	58. SYNOPSYS INC COM	2010-12-02	2011-01-12
	28. SYSCO CORP COM RTS EXP 05/31/2006	2009-02-27	2011-02-25
	18. TCW GALILEO FDS INC SMALL CAP GROWTH FD	2011-03-03	2011-04-26
	46. TCW GALILEO FDS INC SMALL CAP GROWTH FD	2011-03-03	2011-10-20
	37. TNT N V ADR	2008-11-12	2011-02-25
	.5968 TNT N V ADR	2011-03-18	2011-03-23
	32. TAKEDA PHARMACEUTIC-SP ADR	2008-05-29	2011-02-25
	14. TARGET CORP COM	2008-12-26	2011-01-27
	29. TARGET CORP COM	2009-02-27	2011-02-25
	24. TARGET CORP COM	2009-03-03	2011-02-25
	23. TELEDYNE TECHNOLOGIES INC COM	2009-02-05	2011-02-25
	51. TELEFONICA S A SPONSORED ADR	2010-06-17	2011-02-25
	84. TELSTRA LTD SPON ADR FINAL	2010-03-17	2011-02-25
	68. TESCO CORP	2010-08-13	2011-02-25
	21. TEVA PHARMACEUTICAL INDS LTD ADR	2006-06-23	2011-02-25
	48. TEXAS INSTRS INC COM	2010-12-09	2011-02-25
	66. TEXAS INSTRS INC COM	2009-02-27	2011-02-25
	27. TIDEWATER INC COM W/RTS ATTACHED EXP 11/01/2006	2011-01-27	2011-02-25
	7. TIME WARNER CABLE INC	2011-01-03	2011-02-25
	12. TIME WARNER CABLE INC	2009-10-01	2011-02-25
	13. TORONTO DOMINION BK ONT-COM	2009-06-25	2011-02-25
	29. TOTAL FINA ELF S A SPONSORED ADR	2009-05-13	2011-02-25
	35. TOTAL FINA ELF S A SPONSORED ADR	2009-02-27	2011-02-25
	11. TOYOTA MTR CORP COM (ADR 2)	2010-12-31	2011-02-25
	43. UNILEVER N V NEW YORK SHS NEW	2006-09-18	2011-02-25
	68. UNITED RENTALS INC COM	2010-12-09	2011-02-25
	3000. UNITED STATES TREAS BDS DTD 8/15/93 6.25% 08/15/2023	2009-11-12	2011-02-25
	7000. UNITED STATES TREAS BD DTD 8/15/98 5.5%	2009-11-12	2011-02-25
	1000. UNITED STATES TREAS BD DTD 2/15/2001 5.375% 02/15/2031	2010-06-29	2011-02-03
	3000. UNITED STATES TREAS BD DTD 2/15/2001 5.375% 02/15/2031	2007-07-12	2011-02-03
	3000. US TREASURY BOND 4.625% 2/15/40	2010-05-20	2011-02-25
	13000. US TREASURY BD DTD 8/15/2002 4.375% 08/1	2009-08-19	2011-02-25
	5000. U S TREASURY NOTES 4.875% 5/31/11	2010-01-26	2011-02-03
	9000. U S TREASURY NOTE 4.625% 8/31/11	2009-09-11	2011-02-25
	4000. U S TREASURY NOTES 4.625% 2/15/17	2008-05-21	2011-02-25
	9000. US TREASURY NOTE 1.375% 3/15/12	2009-07-28	2011-02-25
	9000. US TREASURY NOTE 3.500% 5/15/20	2011-02-03	2011-02-25
	14. UNITED STATES STEEL CORP COM	2010-09-21	2011-02-25
	9. UNITED STATES STEEL CORP COM	2010-01-28	2011-02-25
	21. UNITED TECHNOLOGIES CORP COM	2011-02-09	2011-02-25
	26. UNITED TECHNOLOGIES CORP COM	2009-02-27	2011-02-25
	4. UNITEDHEALTH GRP INC COM	2010-10-04	2011-02-25
	72. UNITEDHEALTH GRP INC COM	2009-12-31	2011-02-25
	8. V F CORP COM W/RTS ATTACHED EXP 01/25/2008	2010-04-08	2011-02-25
	15. V F CORP COM W/RTS ATTACHED EXP 01/25/2008	2009-12-01	2011-02-25
	45. VALERO ENERGY CORP NEW COM	2010-05-24	2011-02-25
	26. VANGARD MSCI EMERGING MARKETS EFT	2011-03-03	2011-04-26
	37. VARIAN SEMICONDUCTOR EQUIPTMENT ASSOCS INC COM	2011-01-13	2011-02-25
	164. VANGUARD REIT VIPER	2011-03-03	2011-04-26
	53. VANGUARD REIT VIPER	2011-03-03	2011-08-10
	37. VANGUARD REIT VIPER	2011-03-03	2011-10-20
	34. VANGUARD REIT VIPER	2011-03-03	2011-12-15
	5. VERIZON COMMUNICATIONS COM	2010-07-30	2011-02-25
	36. VERIZON COMMUNICATIONS COM	2009-06-19	2011-02-25
	4000. VERIZON COMMUNICATIO 6.100% 4/15/18	2010-04-15	2011-02-25
	63. VIRGIN MEDIA INC	2010-07-30	2011-02-08
	30. VODAFONE GROUP PLC SPONSORED ADR	2006-05-16	2011-02-25
	35. WAL MART STORES INC COM	2009-05-14	2011-02-25
	66. WALGREEN CO COM W/RTS ATTACHED EXP 08/21/2006	2009-06-03	2011-02-25
	43. WASTE CONNECTIONS INC COM	2010-06-02	2011-02-25
	48. WASTE CONNECTIONS INC COM	2006-05-18	2011-02-25
	6. WHITING PETE CORP NEW	2010-03-22	2011-02-25
	30. WHITING PETE CORP NEW	2009-08-24	2011-02-25
	25. WILEY JOHN & SONS INC CL A	2006-05-18	2011-02-25
	20. WILEY JOHN & SONS INC CL A	2010-03-26	2011-02-25
	25. WOLVERINE WORLD WIDE INC. COM	2009-09-08	2011-02-25
	52. WYNDHAM WORLDWIDE CORP	2011-02-08	2011-02-25
	29. YARA INTL ASA ADR	2010-12-10	2011-02-25
	73. ZIONS BANCORP COM	2009-11-11	2011-02-25
	67. ZURICH FINL SVCS SPONSORED ADR	2009-07-13	2011-02-25
	14. ZURICH FINL SVCS SPONSORED ADR	2010-06-09	2011-02-25
	27. COVIDIEN PLC	2009-03-03	2011-02-25
	5. ENSTAR GROUP LIMITED	2009-06-24	2011-01-24
	2. ENSTAR GROUP LIMITED	2009-06-24	2011-01-24
	7. ENSTAR GROUP LIMITED	2009-06-24	2011-01-24
	50. INGERSOLL-RAND PLC	2010-10-14	2011-01-12
	68. XL GROUP PLC	2010-08-04	2011-02-01
	37. ALLIED WORLD ASSURANCE	2010-01-15	2011-02-25
	23. CHECK POINT SOFTWARE TECH COM	2010-10-12	2011-02-25
	28. CHECK POINT SOFTWARE TECH COM	2011-01-10	2011-02-25

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	541	474	67
b	1,621	1,415	206
c	471	777	-306
d	2,033	1,803	230
e	1,559	1,205	354
	690	682	8
	29,940	26,940	3,000
	1,891	1,275	616
	732	677	55
	870	631	239
	1,187	856	331
	2,968	1,961	1,007
	444	305	139
	694	517	177
	373	383	-10
	480	518	-38
	582	558	24
	418	370	48
	2,273	1,100	1,173
	1,206	609	597
	643	621	22
	1,047	885	162
	246	253	-7
	1,352	1,038	314
	5,200	1,748	3,452
	1,558	1,576	-18
	1,543	1,287	256
	6,412	7,218	-806
	1,146	829	317
	1,355	759	596
	1,237	997	240
	1,991	2,041	-50
	1,229	916	313
	1,627	1,043	584
	436	510	-74
	1,063	1,085	-22
	1,587	1,267	320
	1,447	1,581	-134
	63	65	-2
	978	802	176
	1,276	1,107	169
	499	380	119
	727	499	228
	1,112	952	160
	4,394	3,939	455
	2,625	1,412	1,213
	1,002	1,012	-10
	1,114	700	414
	1,174	914	260
	1,303	1,059	244
	2,950	2,675	275
	1,610	1,460	150
	823	479	344
	1,195	1,171	24
	128	105	23
	1,241	475	766
	2,651	1,166	1,485
	2,747	1,260	1,487
	1,015	641	374
	200	148	52
	3,771	2,178	1,593
	1,434	1,060	374
	3,892	2,754	1,138
	182	121	61
	462	326	136
	252	184	68
	704	495	209
	875	1,018	-143
	1,420	1,293	127
	1,023	715	308
	285	147	138
	1,425	626	799
	5,319	3,582	1,737
	1,250	1,215	35
	1,964	1,247	717
	529	360	169
	1,541	1,672	-131
	4,781	4,313	468
	5,178	3,709	1,469
	1,139	1,143	-4
	1,023	976	47
	1,533	1,307	226
	585	565	20
	67	54	13
	1,097	1,090	7
	1,260	884	376
	1,077	1,190	-113
	1,362	885	477
	1,129	437	692
	396	486	-90
	1,262	1,012	250
	1,048	1,099	-51
	1,211	1,247	-36
	1,758	1,697	61
	1,028	810	218
	3,050	2,190	860
	689	863	-174
	10,399	10,307	92
	937	936	1
	972	1,046	-74
	716	572	144
	2,252	1,378	874
	218	204	14
	1,600	1,734	-134
	304	291	13
	1,559	1,130	429
	193	145	48
	1,448	1,707	-259
	940	741	199
	325	230	95
	2,685	1,469	1,216
	1,786	961	825
	899	881	18
	779	476	303
	127	130	-3
	795	621	174
	967	1,238	-271
	482	409	73
	963	759	204
	7,927	5,679	2,248
	2,824	1,958	866
	1,438	1,030	408
	20,213	19,487	726
	10,708	10,768	-60
	2,218	2,091	127
	1,370	1,478	-108
	1,111	1,183	-72
	1,223	758	465
	2,099	772	1,327
	1,367	1,078	289
	839	679	160
	1,049	671	378
	453	417	36
	1,846	1,824	22
	719	1,203	-484
	1,517	1,458	59
	1,138	387	751
	2,134	2,462	-328
	4,956	4,649	307
	1,447	1,988	-541
	827	714	113
	2,315	794	1,521
	5,454	5,015	439
	265	256	9
	1,092	1,253	-161
	1,221	1,047	174
	791	797	-6
	1,681	1,521	160
	2,567	1,903	664
	144	150	-6
	205	184	21
	353	262	91
	1,894	1,116	778
	426	195	231
	1,361	604	757
	2,700	1,693	1,007
	158	154	4
	3,804	3,977	-173
	686	734	-48
	1,020	950	70
	1,774	1,425	349
	1,711	1,214	497
	921	559	362
	1,064	1,108	-44
	2,664	714	1,950
	557	391	166
	421	347	74
	1,094	717	377
	639	696	-57
	1,212	632	580
	2,118	2,195	-77
	1,871	1,562	309
	1,383	1,460	-77
	3,454	3,303	151
	1,379	1,297	82
	1,208	970	238
	959	622	337
	365	293	72
	860	799	61
	688	805	-117
	515	617	-102
	792	1,039	-247
	1,511	939	572
	2,429	1,859	570
	939	682	257
	2,360	1,910	450
	1,512	1,440	72
	504	435	69
	806	638	168
	2,578	2,108	470
	1,620	1,220	400
	857	823	34
	375	321	54
	1,041	379	662
	1,335	374	961
	1,724	2,010	-286
	1,825	2,010	-185
	1,225	1,340	-115
	651	630	21
	2,698	1,979	719
	5,302	3,489	1,813
	1,116	942	174
	5,157	5,022	135
	4,334	4,242	92
	59	64	-5
	1,071	1,091	-20
	2,050	2,016	34
	988	1,180	-192
	938	657	281
	734	626	108
	1,175	1,180	-5
	334	309	25
	1,391	1,237	154
	802	629	173
	1,111	1,108	3
	1,944	628	1,316
	122	119	3
	15,548	14,612	936
	1,585	1,649	-64
	1,449	1,502	-53
	429	221	208
	706	287	419
	1,613	1,803	-190
	1,043	1,246	-203
	173	133	40
	477	368	109
	968	642	326
	484	319	165
	1,880	755	1,125
	2,992	1,720	1,272
	1,170	1,576	-406
	712	702	10
	518	467	51
	970	814	156
	878	984	-106
	902	835	67
	161	174	-13
	1,666	1,479	187
	618	641	-23
	1,007	1,010	-3
	1,027	663	364
	2,612	2,005	607
	2,195	1,808	387
	817	699	118
	826	435	391
	881	817	64
	1,841	2,822	-981
	1,635	1,501	134
	2,141	1,660	481
	1,607	1,095	512
	709	591	118
	1,471	1,159	312
	1,189	1,213	-24
	975	750	225
	125	155	-30
	450	1,218	-768
	923	1,203	-280
	3,602	1,933	1,669
	1,142	1,082	60
	3,814	2,358	1,456
	1,189	1,172	17
	655	638	17
	1,048	1,091	-43
	1,280	897	383
	412	336	76
	1,855	1,636	219
	989	804	185
	824	2,132	-1,308
	1,306	852	454
	261	221	40
	2,610	1,336	1,274
	2,254	1,022	1,232
	1,656	1,668	-12
	1,096	1,038	58
	648	409	239
	1,583	1,157	426
	662	628	34
	2,440	2,163	277
	46	44	2
	733	646	87
	10,059	9,995	64
	2,328	2,328
	1,022	1,018	4
	1,542	1,087	455
	715	758	-43
	420	420
	255	260	-5
	955	899	56
	2,801	2,572	229
	756	815	-59
	1,031	992	39
	2,043	1,861	182
	4,630	4,535	95
	7,627	4,527	3,100
	2,419	2,054	365
	31	29	2
	1,006	673	333
	825	813	12
	2,255	1,269	986
	1,139	811	328
	503	518	-15
	1,509	1,536	-27
	3,135	2,778	357
	227	199	28
	544	443	101
	2,361	1,740	621
	901	1,246	-345
	1,807	1,618	189
	258	254	4
	1,529	928	601
	266	165	101
	1,199	1,148	51
	1,066	645	421
	1,380	791	589
	716	570	146
	226	263	-37
	1,195	1,036	159
	985	1,054	-69
	1,603	1,739	-136
	1,449	1,349	100
	1,368	1,640	-272
	1,250	1,067	183
	1,597	981	616
	983	832	151
	1,134	803	331
	19,766	19,684	82
	214	179	35
	1,923	1,501	422
	2,922	2,182	740
	26	25	1
	1,329	1,345	-16
	1,407	1,115	292
	3,201	3,823	-622
	2,013	2,038	-25
	1,201	1,012	189
	961	783	178
	1,123	1,212	-89
	341	327	14
	1,704	2,069	-365
	3,690	2,120	1,570
	2,097	1,722	375
	1,114	892	222
	851	782	69
	3,008	1,867	1,141
	1,075	889	186
	777	837	-60
	1,935	1,850	85
	137	109	28
	1,188	890	298
	3,407	2,128	1,279
	2,539	1,867	672
	1,552	1,509	43
	778	811	-33
	592	564	28
	1,188	1,440	-252
	977	1,034	-57
	15	37	-22
	783	931	-148
	769	454	315
	1,512	1,169	343
	1,259	652	607
	1,201	625	576
	1,282	1,019	263
	1,205	1,212	-7
	1,179	775	404
	1,061	670	391
	1,704	1,622	82
	2,336	1,647	689
	1,642	1,559	83
	500	472	28
	858	426	432
	1,070	656	414
	1,744	1,853	-109
	2,104	1,997	107
	1,005	869	136
	1,292	1,039	253
	2,156	1,559	597
	3,741	3,413	328
	8,136	7,233	903
	1,129	1,220	-91
	3,388	3,044	344
	3,055	3,257	-202
	13,751	13,018	733
	5,075	5,295	-220
	9,200	9,899	-699
	4,476	4,248	228
	9,099	8,994	105
	9,142	9,080	62
	795	588	207
	511	414	97
	1,749	1,742	7
	2,161	1,494	667
	170	139	31
	3,064	1,786	1,278
	769	657	112
	1,442	1,111	331
	1,276	864	412
	1,309	1,234	75
	1,764	1,540	224
	9,978	9,566	412
	2,787	3,091	-304
	1,953	2,158	-205
	1,901	1,983	-82
	180	145	35
	1,292	1,001	291
	4,527	4,372	155
	1,586	1,338	248
	845	809	36
	1,806	1,663	143
	2,749	2,529	220
	1,243	1,021	222
	1,388	850	538
	389	227	162
	1,944	733	1,211
	1,174	867	307
	939	858	81
	897	630	267
	1,619	1,595	24
	1,490	1,542	-52
	1,712	961	751
	1,922	1,401	521
	402	316	86
	1,370	1,062	308
	406	288	118
	163	115	48
	569	403	166
	2,343	1,950	393
	1,571	1,236	335
	2,254	1,683	571
	1,146	903	243
	1,395	1,231	164

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			67
b			206
c			-306
d			230
e			354
			8
			3,000
			616
			55
			239
			331
			1,007
			139
			177
			-10
			-38
			24
			48
			1,173
			597
			22
			162
			-7
			314
			3,452
			-18
			256
			-806
			317
			596
			240
			-50
			313
			584
			-74
			-22
			320
			-134
			-2
			176
			169
			119
			228
			160
			455
			1,213
			-10
			414
			260
			244
			275
			150
			344
			24
			23
			766
			1,485
			1,487
			374
			52
			1,593
			374
			1,138
			61
			136
			68
			209
			-143
			127
			308
			138
			799
			1,737
			35
			717
			169
			-131
			468
			1,469
			-4
			47
			226
			20
			13
			7
			376
			-113
			477
			692
			-90
			250
			-51
			-36
			61
			218
			860
			-174
			92
			1
			-74
			144
			874
			14
			-134
			13
			429
			48
			-259
			199
			95
			1,216
			825
			18
			303
			-3
			174
			-271
			73
			204
			2,248
			866
			408
			726
			-60
			127
			-108
			-72
			465
			1,327
			289
			160
			378
			36
			22
			-484
			59
			751
			-328
			307
			-541
			113
			1,521
			439
			9
			-161
			174
			-6
			160
			664
			-6
			21
			91
			778
			231
			757
			1,007
			4
			-173
			-48
			70
			349
			497
			362
			-44
			1,950
			166
			74
			377
			-57
			580
			-77
			309
			-77
			151
			82
			238
			337
			72
			61
			-117
			-102
			-247
			572
			570
			257
			450
			72
			69
			168
			470
			400
			34
			54
			662
			961
			-286
			-185
			-115
			21
			719
			1,813
			174
			135
			92
			-5
			-20
			34
			-192
			281
			108
			-5
			25
			154
			173
			3
			1,316
			3
			936
			-64
			-53
			208
			419
			-190
			-203
			40
			109
			326
			165
			1,125
			1,272
			-406
			10
			51
			156
			-106
			67
			-13
			187
			-23
			-3
			364
			607
			387
			118
			391
			64
			-981
			134
			481
			512
			118
			312
			-24
			225
			-30
			-768
			-280
			1,669
			60
			1,456
			17
			17
			-43
			383
			76
			219
			185
			-1,308
			454
			40
			1,274
			1,232
			-12
			58
			239
			426
			34
			277
			2
			87
			64

			4
			455
			-43

			-5
			56
			229
			-59
			39
			182
			95
			3,100
			365
			2
			333
			12
			986
			328
			-15
			-27
			357
			28
			101
			621
			-345
			189
			4
			601
			101
			51
			421
			589
			146
			-37
			159
			-69
			-136
			100
			-272
			183
			616
			151
			331
			82
			35
			422
			740
			1
			-16
			292
			-622
			-25
			189
			178
			-89
			14
			-365
			1,570
			375
			222
			69
			1,141
			186
			-60
			85
			28
			298
			1,279
			672
			43
			-33
			28
			-252
			-57
			-22
			-148
			315
			343
			607
			576
			263
			-7
			404
			391
			82
			689
			83
			28
			432
			414
			-109
			107
			136
			253
			597
			328
			903
			-91
			344
			-202
			733
			-220
			-699
			228
			105
			62
			207
			97
			7
			667
			31
			1,278
			112
			331
			412
			75
			224
			412
			-304
			-205
			-82
			35
			291
			155
			248
			36
			143
			220
			222
			538
			162
			1,211
			307
			81
			267
			24
			-52
			751
			521
			86
			308
			118
			48
			166
			393
			335
			571
			243
			164

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	113,482
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010	40,676	586,256	0.069383
2009	35,268	533,727	0.066079
2008	39,349	552,092	0.071273
2007	46,116	749,368	0.06154
2006	44,768	658,249	0.068011

2	Total of line 1, column (d) ......................	2	0.336286
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	0.067257
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	606,990
5	Multiply line 4 by line 3.......................	5	40,824
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,221
7	Add lines 5 and 6.........................	7	42,045
8	Enter qualifying distributions from Part XII, line 4..............	8	42,513
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,221
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	1,221
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	1,221
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	216
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	216
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,005
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

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

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

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(336) 747-8138

Located at bullet

1 WEST 4TH STREET 2ND FLOORWINSTONSALEMNC ZIP+4 bullet

271013818

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

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

At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2011.)....................

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2011)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK NA	TRUSTEE 40	10,421
1525 WEST W T HARRIS BLVD CHARLOTTE,NC282881161	TRUSTEE 40	10,421

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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

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

purposes:

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

574,561

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

41,672

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

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

616,233

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

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

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

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

616,233

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

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

9,243

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

606,990

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

30,350

Part XI

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

and do not complete this part.)

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

30,350

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

1,221

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

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

1,221

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

29,129

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

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

29,129

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

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

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

29,129

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

42,513

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

42,513

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

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

1,221

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

41,292

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2010	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7					29,129
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				0
b Total for prior years:2009, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	25,720
b From 2007.......	9,563
c From 2008.......	11,960
d From 2009.......	8,739
e From 2010.......	11,791
fTotal of lines 3a through e.........		67,773
4Qualifying distributions for 2011 from Part
XII, line 4: $ 42,513
a Applied to 2010, but not more than line 2a				0
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.....					29,129
e Remaining amount distributed out of corpus		13,384
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		81,157
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 ..........					0
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) .............		25,720
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		55,437
10 Analysis of line 9:
a Excess from 2007....	9,563
b Excess from 2008....	11,960
c Excess from 2009....	8,739
d Excess from 2010....	11,791
e Excess from 2011....	13,384

Form 990-PF (2011)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ARMENIAN GEN BENEVOLENT UNION 55 EAST 59TH STREET NEW YORK,NY10022	NONE	PUBLIC CHARITY	GENERAL SUPPORT	18,199
ARARAT YOUTH & CONFERENCE CNTR 630 2ND AVE NEW YORK,NY100164806	NONE	PUBLIC CHARITY	GENERAL SUPPORT	18,199
Total ................................. 3a				36,398

bApproved for future payment

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

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	21
4 Dividends and interest from securities....			14	17,015
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	113,482
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)..				130,518

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

13130,518

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2011)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
079860AG7 BELLSOUTH CORP 5.200
208251AE8 CONOCO INC 6.950
36962G3P7 GENERAL ELEC 5.875
38141GFM1 GOLDMAN SACHS 6.150
46625HHP8 JPMORGAN CHASE 3.700
717081D86 PFIZER INC 6.200
92343VAM6 VERIZON COMMUN 6.100
256210105 DODGE & COX INCOME F	30,936	30,844
261980494 DREYFUS EMG MKT DEBT	23,973	21,530
51855Q655 LAUDUS MONDRIAN INTL	9,970	9,735
693390700 PIMCO TOTAL RET FD-I	30,937	31,007
693390882 PIMCO FOREIGN BD FD	9,590	9,572
76628T645 RIDGEWORTH SEIX HY B	25,294	23,740
77957P105 T ROWE PRICE SHORT T	2,516	2,500

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FORM 1023 USER APP FEE	439	0		439
ADR FEES		0		0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
02364W105 AMERICA MOVIL S.A.B.
046353108 ASTRAZENECA PLC ADR
002255107 AU OPTRONICS CORP
052528304 AUSTRALIA & NEW ZEAL
05967A107 BANCO SANTAND BRASIL
05964H105 BANCO SANTANDER CEN
06738E204 BARCLAYS PLC ADR
088606108 BHP BILLITON LTD ADR
05565A202 BNP PARIBAS ADR
138006309 CANON INC ADR
166744201 CHEUNG KONG LTD ADR
168919108 CHINA CONSTRUCTION
16945R104 CHINA UNICOM LTD
25030W100 DESARROLLADORA HOMEX
273202101 EAST JAPAN RAILWAY
292505104 ENCANA CORP
26874R108 ENI SPA ADR
29666V204 ESPRIT HOLDINGS LTD
35958N107 FUJIFILM HLDGS CORP
37733W105 GLAXOSMITHKLINE ADR
425166303 HENDERSON LD DEV LTD
434741203 HOLCIM LTD
448415208 HUTCHISON WHAMPOA
450737101 IBERDROLA S.A.
453142101 IMPERIAL TOBACCO GRP
46018M104 INTERNATL POWER ADR
55607P105 MACQUIRE BK LTD
606769305 MITSUBISHI CORP ADR
606822104 MITSUBISHI UFJ FINL
626188106 MUENCHINER RUECK ADR
626425102 MURATA MANUFACT CO
633643408 NATL BANK OF GREECE
636274300 NATIONAL GRID PLC
65334H102 NEXEN INC
654624105 NIPPON TELEGRAPH
654633304 NIPPON YUSEN KABUSHI
654744408 NISSAN MOTOR CO ADR
654902204 NOKIA CORP ADR
62942M201 NTT DOCOMO INC ADR
71654V408 PETROLEO BRASILERO
73328P106 PORSCHE AUTOMOBIL
693483109 POSCO ADR
76026T205 REPSOL YPF S.A. ADR
780259107 ROYAL DUTCH SHELL
795842202 SALZGITTER AG
80105N105 SANOFI-AVENTIS ADR
81783H105 SEVEN & I HOLDINGS
824551105 SHIN-ETSU CHEMICAL
85771P102 STATOIL ASA
865612105 SUMITOMO CHEMICAL CO
871013108 SWISSCOM AG ADR
874060205 TAKEDA PHARMACEUTIC
879382208 TELEFONICA SA ADR
87969N204 TELSTRA CORP LTD ADR
87260W101 TNT N V
891160509 TORONTO DOMINION BK
89151E109 TOTAL S.A. ADR
892331307 TOYOTA MOTOR CORP
904784709 UNILEVER NV ADR
92857W209 VODAFONE GROUP PLC
984851204 YARA INTL ASA ADR
98982M107 ZURICH FINL SVCS ADR
368287207 0A0 GAZPROM LEVEL 1
216831107 COOPER TIRE & RUBR
26153C103 DREAMWORKS ANIMATION
401617105 GUESS INC
418056107 HASBRO INC
46113M108 INTERVAL LEISURE GRP
918204108 V F CORP
92769L101 VIRGIN MEDIA INC
968223206 WILEY JOHN & SONS
978097103 WOLVERINE WORLD WIDE
423452101 HELMERICH & PAYNE
626717102 MURPHY OIL CORP
655044105 NOBLE ENERGY INC
966387102 WHITING PETE CORP
125581801 CIT GROUP INC
12572Q105 CME GROUP INCE
200340107 COMERICA INC
254709108 DISCOVER FINL SVCS
45865V100 INTERCONTINENTALEXCH
74267C106 PROASSURANCE CORP
784117103 SEI INVESTMENT CO
78442P106 SLM CORP
090572207 BIO RAD LABS INC
116794108 BRUKER CORP
441060100 HOSPIRA INC
50540R409 LABORATORY CRP AMER
58502B106 MEDNAX INC
790849103 ST JUDE MED INC
00508X203 ACTUANT CORP CL A
382388106 GOODRICH CORP
443510201 HUBBELL INC CL B
451734107 IHS INC
688239201 OSHKOSH CORP
776696106 ROPER INDS INC NEW
879360105 TELEDYNE TECHNOLOGY
911363109 UNITED RENTAL INC
941053100 WASTE CONNECTION INC
00846U101 AGILENT TECHNOLOGIES
032095101 AMPHENOL CORP CL A
03662Q105 ANSYS INC
25659T107 DOLBY LABORATORIES
30241L109 FEI CO
595017104 MICROCHIP TECHNOLOGY
61022P100 MONOTYPE IMAGING
729132100 PLEXUS CORP COM
743312100 PROGRESS SOFTWARE
74834T103 QUEST SOFTWARE INC
871607107 SYNOPSYS INC COM
012653101 ALBEMARLE CORP COM
228368106 CROWN HLDGS INC
772739207 ROCK-TENN CO CL A
834376501 SOLUTIA INC NEW
H01531104 ALLIED WORLD ASSURAN
M22465104 CHECK POINT SOFTWARE
G3075P101 ENSTAR GROUP LIMITED
45103T107 ICON PLC ADR
G47791101 INGERSOLL-RAND PLC
88157K101 TESCO CORP
G98290102 XL GROUP PLC
754907103 RAYONIER INC COM
20030N101 COMCAST CORP CLASS A
345370860 FORD MOTOR CO
448579102 HYATT HOTELS CORP
571903202 MARRIOTT INTERNATL
681919106 OMNICOM GROUP
87612E106 TARGET CORP
88732J207 TIME WARNER CABLE
039483102 ARCHER DANIELS MIDLN
194162103 COLGATE PALMOLIVE CO
501044101 KROGER CO
713448108 PEPSICO INC
742718109 PROCTER & GAMBLE CO
032511107 ANADARKO PETROLEUM
037411105 APACHE CORP
166764100 CHEVRON CORP
25179M103 DEVON ENERGY CORP
28336L109 EL PASO CORP
30231G102 EXXON MOBIL CORP
406216101 HALLIBRUTON CO
42809H107 HESS CORP
565849106 MARATHON OIL CORP
91913Y100 VALERO ENERGY CORP
064058100 BANK NEW YORK MELLON
060505104 BANK OF AMERICA
172967101 CITIGROUP INC
38141G104 GOLDMAN SACHS GROUP
46625H100 JPMORGAN CHASE & CO
493267108 KEYCORP NEW
55261F104 M & T BANK CORP
59156R108 METLIFE INC
617446448 MORGAN STANLEY COM
693475105 PNC FINANL SVCS
744320102 PRUDENTIAL FINL INC
7591EP100 REGIONS FINL CORP
857477103 STATE STREET CORP
867914103 SUNTRUST BANKS INC
989701107 ZIONS BANCORP
031162100 AMGEN INC
125509109 CIGNA CORP
478160104 JOHNSON & JOHNSON
58933Y105 MERCK & CO INC NEW
717081103 PFIZER INC
91324P102 UNITED HEALTH GROUP
149123101 CATERPILLAR INC
18683K101 CLIFFS NAT RES INC
247361702 DELTA AIRLINES INC
278058102 EATON CORP
291011104 EMERSON ELECTRIC CO
369604103 GENERAL ELECTRIC CO
42805T105 HERTZ GLOBAL HOLDING
219350105 CORNING INC
268648102 EMC CORP MASS
458140100 INTEL CORP
68389X105 ORACLE CORP
882508104 TEXAS INSTRUMENTS
260543103 DOW CHEMICAL CO
460146103 INTERNATIONAL PAPER
61945A107 MOSAIC CO
651639106 NEWMONT MINING CORP
912909108 UNITED STS STL CORP
00206R102 AT&T INC
92343V104 VERIZON COMMUNIC
65339F101 NEXTERA ENERGY INC
69331C108 PG&E CORP COM
69351T106 PPL CORP
743263105 PROGRESS ENERGY INC
067901108 BARRICK GOLD CORP
136375102 CANADIAN NATL RR CO
143658300 CARNIVAL CORP
G2554F105 COVIDIEN PLC
806857108 SCHLUMBERGER LTD
867224107 SUNCOR ENERGY INC
881624209 TEVA PHARMACEUTICAL
404303109 HSN INC
580135101 MCDONALDS CORP
580645109 MCGRAW-HILL CO
65248E104 NEWS CORP CL A
87612E106 TARGET CORP
254687106 WALT DISNEY CO
02209S103 ALTRIA GROUP INC
191216100 COCA COLA CO
518439104 ESTEE LAUDER CO
50075N104 KRAFT FOODS INC CL A
713448108 PEPSICO INC
718172109 PHILIP MORRIS INTER
742718109 PROCTER & GAMBLE CO
871829107 SYSCO CORP
931142103 WALMART STORES INC
931422109 WALGREEN CO
166764100 CHEVRON CORP
20825C104 CONOCOPHILLIPS
30231G102 EXXON MOBIL CORP
406216101 HALLIBURTON CO
674599105 OCCIDENTAL PETE CORP
025816109 AMERICAN EXPRESS CO
354613101 FRANKLIN RESOURCES
46625H100 JPMORGAN CHASE & CO
744320102 PRUDENTIAL FINL INC
002824100 ABBOTT LABS
075887109 BECTON DICKINSON CO
46120E602 INTUITIVE SURGICAL
478160104 JOHNSON & JOHNSON
585055106 MEDTRONIC INC
58933Y105 MERCK & CO INC NEW
149123101 CATERPILLAR INC
369550108 GENERAL DYNAMICS
369604103 GENERAL ELECTRIC CO
913017109 UNITED TECHNOLOGIES
037833100 APPLE INC
053015103 AUTOMATIC DATA PROCS
17275R102 CISCO SYSTEMS INC
458140100 INTEL CORP
459200101 IBM CORP
595017104 MICROCHIP TECHNOLOGY
594918104 MICROSOFT CORP
747525103 QUALCOMM INC
882508104 TEXAS INSTRUMENTS
009158106 AIR PRODS & CHEMS
35671D857 FREEPORT-MCMORAN
74005P104 PRAXAIR INC COM
344419106 FOMENTO ECONOMICO
404280406 HSBC ADR
641069406 NESTLE S.A. REG ADR
670100205 NOVO NORDISK ADR
767204100 RIO TINTO PLC ADR
771195104 ROCHE HOLDINGS ADR
780259206 ROYAL DUTCH SHELL
806857108 SCHLUMBERGER LTD
89151E109 TOTAL S.A. ADR
007989577 ADVISORS SER TR BBB
04314H204 ARTISAN INTERNATIONA	38,924	34,421
22544R305 CREDIT SUISSE COMM R	31,905	27,217
25264S833 DIAMOND HILL LONG-SH	16,540	16,395
256206103 DODGE & COX INT'L ST	42,619	33,445
339128100 JP MORGAN MID CAP VA	17,392	17,143
38142Y401 GOLDMAN SACHS GRTH O	19,342	17,260
411511504 HARBOR CAPITAL APRCT	39,635	37,880
448108100 HUSSMAN STRATEGIC GR	20,100	20,803
464287200 ISHARES S & P 500 IN	25,454	23,932
487300808 KEELEY SMALL CAP VAL	19,853	18,002
552983694 MFS VALUE FUND-CLASS	20,740	19,201
56063J302 MAINSTAY EP US EQUIT	22,432	19,682
589509108 MERGER FD SH BEN INT	10,749	10,454
683974505 OPPENHEIMER DEVELOPI	24,613	21,012
78463X863 SPDR DJ WILSHIRE INT	26,912	21,358
87234N849 TCW SMALL CAP GROWTH	19,691	17,173
922042858 VANGUARD MSCI EMERGI	24,542	20,672
922908553 VANGUARD REIT VIPER	22,690	22,562

Description	Amount
MUTUAL FUNDS POSTING NEXT TAX YR EFFECTIVE CURRENT YR	375
WASH SALES DISALLOWED	64
ROUNDING	16

Category	Amount	Net Investment Income
FOREIGN TAXES	33	33
FEDERAL TAX PAYMENT - PRIOR YE	214	0
FEDERAL ESTIMATES - PRINCIPAL	216	0
FOREIGN TAXES ON QUALIFIED FOR	173	173
FOREIGN TAXES ON NONQUALIFIED	66	66