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 09-01-2011 , and ending 08-31-2012

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

Amended returnAddress changeName change

Name of foundation
RC WHITEFIRST PRESBYTERIAN CHURCH OF

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

23-6878918

B Telephone number (see page 10 of the instructions)

(336) 747-8186

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

$819,652J 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	3		3
4	Dividends and interest from securities......	24,710		24,522
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,440
b	Gross sales price for all assets on line 6a 143,427
7	Capital gain net income (from Part IV, line 2)...			6,440
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........	31,153		30,965
13	Compensation of officers, directors, trustees, etc.	14,676		11,007		3,669
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).......		2,000	0	0	2,000
c	Other professional fees (attach schedule)....		396	396		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		1,277	227		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	18,349		11,630	0	5,669
25	Contributions, gifts, grants paid........	22,200				22,200
26	Total expenses and disbursements. Add lines 24 and 25	40,549		11,630	0	27,869
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-9,396
b	Net investment income (if negative, enter -0-)			19,335
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..........	14,930	37,107	37,107
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	84,320	424,099	516,308
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	615,340	243,537	266,237
	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)	714,590	704,743	819,652
	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.........	714,590	704,743
	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)....................	714,590	704,743
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	714,590	704,743

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	714,590
2	Enter amount from Part I, line 27a.....................	2	-9,396
3	Other increases not included in line 2 (itemize)	3	784
4	Add lines 1, 2, and 3..........................	4	705,978
5	Decreases not included in line 2 (itemize)	5	1,235
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	704,743

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	22. AFLAC INC COM	2009-05-08	2012-02-27
b	23. AT&T INC	2012-03-05	2012-04-25
c	13. AT&T INC	2012-03-05	2012-05-22
d	27. AT&T INC	2012-04-23	2012-06-06
e	31. AT&T INC	2012-04-23	2012-06-15
	8. AT&T INC	2012-02-03	2012-07-19
	5. AT&T INC	2011-12-22	2012-07-19
	10. AT&T INC	2011-12-22	2012-07-31
	10. ADOBE SYS INC COM	2011-04-27	2012-03-15
	9. ADOBE SYS INC COM	2011-04-27	2012-07-31
	11. ADOBE SYS INC COM	2010-11-03	2012-08-08
	4. ALLSTATE CORP COM W/RIGHTS ATTACHED EXP 2/12/2009	2010-06-23	2011-09-20
	18. ALLSTATE CORP COM W/RIGHTS ATTACHED EXP 2/12/2009	2011-03-01	2011-09-20
	20. ALLSTATE CORP COM W/RIGHTS ATTACHED EXP 2/12/2009	2010-06-23	2011-12-13
	6. ALTERA CORP COM	2012-02-29	2012-07-25
	1. ALTERA CORP COM	2011-10-25	2012-07-31
	8. ALTERA CORP COM	2012-02-29	2012-07-31
	7. AMERICAN ELEC PWR CO INC COM	2010-06-15	2011-12-15
	9. AMERICAN ELEC PWR CO INC COM	2010-06-15	2012-04-12
	21. AMERICAN ELEC PWR CO INC COM	2012-02-23	2012-04-12
	5. AMERICAN ELEC PWR CO INC COM	2012-06-05	2012-07-31
	2. AMERICAN ELEC PWR CO INC COM	2010-06-15	2012-07-31
	5. AMERIPRISE FINANCIAL INC	2011-03-25	2012-07-31
	2. ANHEUSER-BUSCH INBEV SPN ADR	2012-05-01	2012-07-31
	274.123 ARTISAN FDS INC SMALL CAP FD #660	2004-11-05	2011-11-07
	15. BAKER HUGHES INC COM	2012-01-10	2012-01-24
	198. BANK AMER CORP COM	2009-06-02	2011-11-30
	63. BANK AMER CORP COM	2011-05-17	2011-11-30
	73. BANK AMER CORP COM	2012-02-13	2012-07-31
	6. BOEING CO COM	2011-01-27	2011-12-16
	5. BOEING CO COM	2011-01-27	2012-02-29
	6. BOEING CO COM	2010-05-24	2012-07-31
	10. BOSTON PPTYS INC COM	2011-08-10	2012-02-29
	94. BOSTON SCIENTIFIC CORP COM	2011-03-01	2011-12-13
	53. BOSTON SCIENTIFIC CORP COM	2011-05-17	2011-12-22
	87. BOSTON SCIENTIFIC CORP COM	2011-10-19	2012-06-06
	65. BOSTON SCIENTIFIC CORP COM	2011-05-17	2012-06-06
	20. CBS CORP CL B COM	2011-10-10	2012-02-02
	24. CBS CORP CL B COM	2011-08-08	2012-05-17
	3. CBS CORP CL B COM	2011-08-08	2012-07-31
	47. CVS CORP COM	2010-05-07	2011-10-06
	42. CVS CORP COM	2012-04-16	2012-07-23
	9. CAMERON INT'L CORP COM	2011-03-07	2011-12-15
	10. CAMERON INT'L CORP COM	2011-03-07	2011-12-16
	8. CELGENE CORP COM	2011-05-17	2011-10-06
	5. CELGENE CORP COM	2011-05-17	2011-10-18
	2. CELGENE CORP COM	2011-02-16	2011-10-18
	7. CELGENE CORP COM	2011-02-16	2012-04-04
	6. CELGENE CORP COM	2012-06-01	2012-07-24
	3. CELGENE CORP COM	2012-06-01	2012-07-31
	12. CENTURYTEL INC COM	2011-01-31	2011-10-27
	14. CENTURYTEL INC COM	2011-01-31	2011-11-04
	8. CHEVRONTEXACO CORP COM	2011-09-29	2012-01-11
	6. CHEVRONTEXACO CORP COM	2012-06-19	2012-07-31
	40. CISCO SYS INC COM W/RIGHTS ATTACHED EXPIRING 6/10/2008	2012-01-24	2012-05-30
	26. CISCO SYS INC COM W/RIGHTS ATTACHED EXPIRING 6/10/2008	2011-10-06	2012-05-30
	74. CISCO SYS INC COM W/RIGHTS ATTACHED EXPIRING 6/10/2008	2011-10-03	2012-05-31
	50. CITIGROUP, INC.	2012-02-29	2012-06-15
	8. CLIFFS NAT RES INC	2011-01-13	2011-09-29
	29. COCA-COLA ENTERPRISES	2011-06-23	2011-11-03
	5. COMCAST CORP NEW CL A	2012-06-05	2012-07-31
	11. COMCAST CORP NEW CL A	2012-06-05	2012-08-03
	10. COMCAST CORP NEW CL A	2012-06-05	2012-08-07
	30. CONAGRA FOODS INC COM W/RTS EXP 07/12/2006	2011-08-01	2011-10-31
	6. CONOCOPHILLIPS COM	2011-05-03	2011-10-25
	8. CONOCOPHILLIPS COM	2011-03-23	2011-10-25
	4. DEVON ENERGY CORP NEW COM	2011-02-01	2012-02-29
	9. DEVON ENERGY CORP NEW COM	2011-02-01	2012-07-31
	2. DIAGEO PLC SPONSORED ADR NEW	2012-03-08	2012-07-31
	15. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-07-15	2011-12-02
	13. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-07-15	2012-05-10
	11. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-07-15	2012-06-01
	12. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-07-15	2012-06-15
	11. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-10-12	2012-07-11
	4. DISNEY (WALT) COMPANY HOLDING COMPANY COM	2011-10-12	2012-07-31
	43. DISH NETWORK CORP	2009-05-06	2011-10-07
	28. DISH NETWORK CORP	2009-05-06	2011-11-11
	4. DIRECTV-CLASS A	2012-06-22	2012-07-31
	.3333 DUKE ENERGY HOLDING CORP. COM	2012-06-04	2012-07-13
	3. DUKE ENERGY HOLDING CORP. COM	2012-06-04	2012-07-31
	22. E M C CORP MASS COM	2011-09-14	2012-02-02
	4. E M C CORP MASS COM	2011-09-14	2012-03-14
	18. E M C CORP MASS COM	2010-11-30	2012-03-14
	12. E M C CORP MASS COM	2010-07-23	2012-07-31
	7. EQT CORPORATION	2011-10-18	2011-12-05
	20. EQT CORPORATION	2011-09-01	2011-12-12
	5. EASTMAN CHEMICAL CO COM	2012-06-08	2012-07-31
	12. ENERGIZER HLDGS INC COM	2012-01-26	2012-03-05
	12. EXXON MOBIL CORP COM	2012-06-15	2012-07-31
	87. FIFTH THIRD BANCORP COM	2011-07-20	2012-02-29
	97. FORD MTR CO DEL COM	2009-10-28	2011-12-15
	13. FRANKLIN RES INC COM	2010-06-18	2012-01-23
	12. FREEPORT MCMORAN COPPER & GOLD CL B W/RTS ATTACHED EXP 5/3/2010	2012-01-18	2012-02-02
	18. FREEPORT MCMORAN COPPER & GOLD CL B W/RTS ATTACHED EXP 5/3/2010	2011-11-02	2012-02-14
	6. FREEPORT MCMORAN COPPER & GOLD CL B W/RTS ATTACHED EXP 5/3/2010	2012-07-19	2012-07-31
	19. GENERAL ELEC CO COM	2012-03-16	2012-07-10
	4. GENERAL ELEC CO COM	2010-04-06	2012-07-10
	55. GENERAL ELEC CO COM	2010-12-23	2012-07-31
	18. GENERAL MILLS INC COM W/RTS EXP 02/01/2006	2010-04-30	2012-02-28
	36. GENERAL MILLS INC COM W/RTS EXP 02/01/2006	2009-05-06	2012-06-08
	29. GENERAL MOTORS CO	2010-11-18	2011-09-28
	21.00141 GENERAL MOTORS CO	2012-02-08	2012-04-25
	28.99859 GENERAL MOTORS CO	2012-02-16	2012-04-25
	24. GENERAL MOTORS CO	2012-02-08	2012-05-04
	1. GOOGLE INC CL A	2011-01-14	2011-09-14
	1. GOOGLE INC CL A	2010-03-31	2011-12-09
	1. GOOGLE INC CL A	2010-03-31	2011-12-16
	1. GOOGLE INC CL A	2011-06-23	2012-01-06
	1. GOOGLE INC CL A	2012-06-06	2012-07-31
	14. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2011-12-01	2012-07-31
	6. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005	2012-01-24	2012-07-31
	12. HARTFORD FINL SVCS GRP COM	2010-03-26	2012-07-31
	11. HOME DEPOT INC COM	2011-12-19	2012-02-24
	5. HOME DEPOT INC COM	2011-12-19	2012-05-22
	10. HOME DEPOT INC COM	2011-11-22	2012-05-22
	16. HOME DEPOT INC COM	2011-11-22	2012-06-07
	8. HONEYWELL INTL INC COM	2009-07-15	2012-03-07
	9. HONEYWELL INTL INC COM	2009-07-15	2012-03-16
	5. HONEYWELL INTL INC COM	2009-07-15	2012-04-23
	9. HONEYWELL INTL INC COM	2009-07-15	2012-06-07
	10. HONEYWELL INTL INC COM	2009-07-15	2012-06-26
	17. ILLINOIS TOOL WORKS INC COM	2010-08-19	2012-02-24
	13. JP MORGAN CHASE & CO COM	2010-12-13	2012-03-14
	22. JP MORGAN CHASE & CO COM	2012-07-16	2012-07-31
	6. JP MORGAN CHASE & CO COM	2010-12-13	2012-07-31
	9. JOHNSON & JOHNSON COM	2012-01-30	2012-07-31
	9. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2010-05-18	2011-12-15
	25. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2009-05-06	2012-01-23
	12. JUNIPER NETWORKS INC COM	2011-07-27	2012-07-31
	13. KLA TENCOR CORP COM RTS EXP 04/25/2006	2011-07-26	2011-10-28
	7. LAM RESH CORP COM	2012-03-08	2012-07-31
	16. LEAR CORP	2011-10-03	2011-11-22
	19. LIBERTY GLOBAL INC SER A	2011-10-10	2012-05-18
	54. LIBERTY INTERACTIVE CORP-A	2011-06-08	2012-01-25
	8.99639 LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008	2012-06-06	2012-07-31
	10.00361 LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008	2012-06-06	2012-07-31
	9.99961 MGM GRAND INC COM	2012-02-29	2012-06-20
	37.00039 MGM GRAND INC COM	2012-02-29	2012-06-20
	11. MGM GRAND INC COM	2012-02-15	2012-07-31
	23. MACY'S INC	2011-12-09	2012-03-05
	20. MACY'S INC	2012-05-04	2012-07-12
	16. MACY'S INC	2012-05-10	2012-07-24
	30. MARSH & MCLENNAN COS INC COM	2009-09-09	2012-01-06
	13. MASCO CORP COM W/RIGHTS ATTACHED EXP 12/06/2005	2012-06-08	2012-07-31
	18. MAXIM INTEGRATED PRODS INC COM	2011-07-25	2012-05-14
	20. MAXIM INTEGRATED PRODS INC COM	2011-07-25	2012-05-23
	14. MERCK & CO INC NEW	2009-12-16	2011-10-12
	17. MERCK & CO INC NEW	2010-03-26	2011-10-24
	4. MERCK & CO INC NEW	2011-05-17	2012-03-06
	7. MERCK & CO INC NEW	2010-03-26	2012-03-06
	14. MERCK & CO INC NEW	2011-05-17	2012-03-08
	10. MERCK & CO INC NEW	2010-02-23	2012-04-05
	6. MERCK & CO INC NEW	2011-05-17	2012-04-05
	7. MERCK & CO INC NEW	2010-02-23	2012-07-31
	8. METLIFE INC COM	2012-02-28	2012-07-31
	28. METLIFE INC COM	2012-02-28	2012-08-02
	19. MICROSOFT CORP COM	2011-02-18	2011-10-10
	17. MICROSOFT CORP COM	2011-02-18	2012-01-27
	17. MICROSOFT CORP COM	2012-04-05	2012-06-15
	7. MICROSOFT CORP COM	2011-02-18	2012-07-31
	30. MORGAN STANLEY DEAN WITTER & CO COM NEW	2011-11-01	2012-04-03
	13. MORGAN STANLEY DEAN WITTER & CO COM NEW	2011-11-01	2012-07-31
	13. MOSAIC CO/THE	2011-07-08	2012-01-19
	14. MYLAN LABS INC COM RTS EXP 11/14/2006	2012-02-29	2012-07-31
	11. NATIONAL OILWELL INC COM	2011-10-26	2011-12-05
	21. NETAPP INC	2011-11-18	2012-03-05
	26. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009	2012-02-21	2012-06-27
	5. NORTHEAST UTILS COM W/RTS ATTACHED EXP 2/23/2009	2012-05-08	2012-07-31
	17. NVIDIA CORP COM	2011-06-22	2012-03-01
	36. NVIDIA CORP COM	2011-06-22	2012-03-21
	5. OCCIDENTAL PETE CORP COM	2009-06-25	2011-09-30
	5. OCCIDENTAL PETE CORP COM	2011-12-12	2012-01-24
	1. OCCIDENTAL PETE CORP COM	2009-06-25	2012-01-24
	3. OCCIDENTAL PETE CORP COM	2012-06-20	2012-07-31
	13. PG&E CORP COM W/RIGHTS ATTACHED EXP 12/22/2010	2010-12-03	2011-10-19
	7. PG&E CORP COM W/RIGHTS ATTACHED EXP 12/22/2010	2010-10-13	2012-07-31
	15. PPL CORP COM	2011-05-17	2012-07-31
	10. PEPSICO INC COM	2011-10-06	2012-02-17
	13. PEPSICO INC COM	2010-07-01	2012-02-17
	11. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007	2011-11-07	2012-06-05
	37. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007	2011-12-12	2012-06-05
	26. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007	2012-06-25	2012-07-31
	9. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007	2011-11-07	2012-07-31
	5. PHILIP MORRIS INTERNATIONAL IN	2012-04-05	2012-07-19
	5. PHILIP MORRIS INTERNATIONAL IN	2012-04-23	2012-07-31
	9. PROCTER & GAMBLE CO COM	2012-04-05	2012-04-30
	8. PROCTER & GAMBLE CO COM	2012-01-17	2012-06-22
	3. PROCTER & GAMBLE CO COM	2012-01-17	2012-07-31
	9. PRUDENTIAL FINANCIAL INC COM	2010-10-25	2012-02-27
	9. PRUDENTIAL FINANCIAL INC COM	2010-10-25	2012-04-23
	10. PRUDENTIAL FINANCIAL INC COM	2012-05-11	2012-07-31
	24. PUBLIC SVC ENTERPRISE GRP INC COM	2011-08-03	2011-12-21
	9. QUALCOMM INC COM W/RTS ATTACHED	2012-05-23	2012-06-15
	9. QUALCOMM INC COM W/RTS ATTACHED	2012-05-23	2012-06-25
	3. QUALCOMM INC COM W/RTS ATTACHED	2012-06-16	2012-07-31
	7. RANGE RES CORP COM	2011-07-28	2011-09-28
	4. RANGE RES CORP COM	2011-07-28	2011-09-29
	11. RANGE RES CORP COM	2011-08-09	2011-11-03
	207.469 ROWE T PRICE BLUE CHIP GROWTH FD INC	2007-11-05	2011-12-22
	24. SLM CORP COM	2009-05-06	2012-02-29
	14. SLM CORP COM	2009-05-06	2012-07-31
	12. SCHLUMBERGER LTD COM	2010-11-01	2011-09-23
	3. SIMON PPTY GRP INC NEW COM	2012-06-25	2012-07-31
	4. SMUCKER J M CO COM	2012-04-10	2012-07-31
	185. SPRINT CORP COM W/RTS ATTACHED EXP (FON GROUP) 06/25/2007	2009-07-28	2012-03-05
	188. SPRINT CORP COM W/RTS ATTACHED EXP (FON GROUP) 06/25/2007	2011-03-03	2012-07-26
	37. SPRINT CORP COM W/RTS ATTACHED EXP (FON GROUP) 06/25/2007	2011-03-03	2012-07-31
	14. STARWOOD HOTELS & RESORTS WORLDWIDE	2011-10-27	2012-03-19
	14. STATE STR CORP COM	2009-05-06	2011-09-26
	13. SUNTRUST BKS INC COM	2010-12-20	2012-07-20
	18. SUNTRUST BKS INC COM	2010-12-20	2012-07-31
	16. TEVA PHARMACEUTICAL INDS LTD ADR	2010-11-15	2011-11-02
	13. TEVA PHARMACEUTICAL INDS LTD ADR	2010-11-12	2011-12-14
	12. TEVA PHARMACEUTICAL INDS LTD ADR	2010-11-12	2012-02-13
	12. TEVA PHARMACEUTICAL INDS LTD ADR	2011-03-01	2012-02-16
	26. TEXAS INSTRS INC COM	2011-12-19	2012-01-25
	27. TEXAS INSTRS INC COM	2012-06-07	2012-07-13
	12. TEXTRON INC COM	2012-07-11	2012-07-31
	9. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006	2011-10-14	2012-02-28
	9. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006	2011-10-13	2012-04-25
	15. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006	2011-10-13	2012-05-31
	6. TIME WARNER INC	2012-06-19	2012-07-31
	1. TRAVELERS COMPANIES, INC	2009-05-06	2012-07-31
	7. TRAVELERS COMPANIES, INC	2011-12-13	2012-07-31
	23. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011	2010-12-13	2011-10-27
	10. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011	2010-05-24	2011-10-27
	14. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011	2010-05-24	2012-07-31
	15. UNILEVER N V NEW YORK SHS NEW	2011-01-06	2011-10-25
	7. UNILEVER N V NEW YORK SHS NEW	2011-03-01	2012-01-09
	9. UNILEVER N V NEW YORK SHS NEW	2011-01-06	2012-01-09
	30. UNILEVER N V NEW YORK SHS NEW	2009-05-06	2012-01-18
	16. UNILEVER N V NEW YORK SHS NEW	2011-03-01	2012-01-18
	11. UNITEDHEALTH GRP INC COM	2012-04-19	2012-06-11
	4. UNITEDHEALTH GRP INC COM	2012-02-16	2012-07-31
	2. UNITEDHEALTH GRP INC COM	2011-12-19	2012-07-31
	5. URBAN OUTFITTERS INC COM	2012-07-17	2012-07-31
	3. VARIAN MED SYS INC COM	2012-05-02	2012-07-31
	15. VERTEX PHARMACEUTICALS INC COM W/RTS ATTACHED	2012-03-01	2012-05-07
	6. VERTEX PHARMACEUTICALS INC COM W/RTS ATTACHED	2012-01-11	2012-05-14
	3. VERTEX PHARMACEUTICALS INC COM W/RTS ATTACHED	2012-05-31	2012-07-31
	24. WALGREEN CO COM W/RTS ATTACHED EXP 08/21/2006	2012-03-16	2012-04-02
	26. WALGREEN CO COM W/RTS ATTACHED EXP 08/21/2006	2012-01-12	2012-04-05
	11. WALGREEN CO COM W/RTS ATTACHED EXP 08/21/2006	2012-07-23	2012-07-31
	10. WELLPOINT INC	2009-05-06	2011-10-12
	4. WELLPOINT INC	2009-05-06	2011-10-14
	6. WELLPOINT INC	2009-05-06	2011-10-28
	17. WELLPOINT INC	2009-05-06	2011-12-16
	2. WELLPOINT INC	2012-06-12	2012-07-31
	33. WILLIAMS COS INC COM W/RTS ATTACHED	2011-11-04	2011-12-16
	7. WILLIAMS SONOMA INC COM	2012-02-27	2012-07-31
	6. XCEL ENERGY INC COM	2012-06-05	2012-07-31
	7. XCEL ENERGY INC COM	2012-01-03	2012-07-31
	5. EVEREST REINSURANCE GROUP LTD SHS	2009-05-06	2012-07-31
	38. INVESCO LIMITED	2009-05-06	2012-04-11
	31. WARNER CHILCOTT PLC-CLASS A	2012-06-05	2012-06-25
	10. TRANSOCEAN LTD.	2011-12-01	2012-03-06
	6. TRANSOCEAN LTD.	2011-12-01	2012-03-14
	5. TRANSOCEAN LTD.	2012-06-21	2012-07-31
	18. LYONDELLBASELL INDU-CL A	2011-05-17	2011-10-10
	21. LYONDELLBASELL INDU-CL A	2011-05-17	2012-01-18
	8. LYONDELLBASELL INDU-CL A	2011-05-17	2012-02-01
	1. LYONDELLBASELL INDU-CL A	2011-05-17	2012-06-12
	17. LYONDELLBASELL INDU-CL A	2011-10-19	2012-06-12

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,030	770	260
b	731	710	21
c	438	402	36
d	921	832	89
e	1,105	943	162
	282	240	42
	176	149	27
	378	298	80
	339	334	5
	280	286	-6
	356	315	41
	99	122	-23
	443	573	-130
	519	609	-90
	217	231	-14
	36	38	-2
	286	308	-22
	274	261	13
	335	298	37
	781	801	-20
	213	195	18
	85	66	19
	260	302	-42
	158	146	12
	5,000	4,438	562
	693	782	-89
	1,045	2,326	-1,281
	333	748	-415
	529	607	-78
	427	425	2
	375	333	42
	447	382	65
	1,013	946	67
	501	714	-213
	278	378	-100
	489	505	-16
	365	441	-76
	584	451	133
	722	516	206
	99	65	34
	1,573	1,635	-62
	1,874	1,857	17
	426	565	-139
	468	628	-160
	504	478	26
	330	299	31
	132	107	25
	558	375	183
	393	437	-44
	207	196	11
	420	520	-100
	502	607	-105
	858	749	109
	662	625	37
	656	786	-130
	426	429	-3
	1,208	1,132	76
	1,359	1,685	-326
	460	697	-237
	756	830	-74
	162	145	17
	379	319	60
	347	290	57
	760	766	-6
	425	454	-29
	566	630	-64
	295	356	-61
	533	792	-259
	215	192	23
	547	590	-43
	587	511	76
	488	432	56
	565	472	93
	522	422	100
	198	136	62
	1,105	649	456
	718	422	296
	198	187	11
	22	23	-1
	203	203
	571	486	85
	117	88	29
	525	364	161
	316	240	76
	433	438	-5
	1,117	1,121	-4
	260	232	28
	903	956	-53
	1,050	1,005	45
	1,196	1,080	116
	996	700	296
	1,335	1,013	322
	549	529	20
	771	702	69
	204	207	-3
	370	386	-16
	78	74	4
	1,146	977	169
	684	588	96
	1,367	932	435
	601	1,028	-427
	481	541	-60
	664	767	-103
	529	669	-140
	529	621	-92
	623	567	56
	624	567	57
	652	477	175
	633	577	56
	470	509	-39
	201	210	-9
	197	340	-143
	516	443	73
	242	201	41
	484	373	111
	820	597	223
	460	265	195
	543	288	255
	294	160	134
	503	288	215
	535	320	215
	954	721	233
	565	543	22
	795	773	22
	217	213	4
	624	591	33
	262	188	74
	780	494	286
	211	295	-84
	612	574	38
	242	287	-45
	640	683	-43
	880	715	165
	896	949	-53
	235	247	-12
	261	274	-13
	112	139	-27
	414	516	-102
	104	156	-52
	883	752	131
	651	820	-169
	557	608	-51
	929	692	237
	161	174	-13
	476	423	53
	506	470	36
	455	530	-75
	567	643	-76
	150	148	2
	262	264	-2
	527	518	9
	388	366	22
	233	222	11
	312	256	56
	247	306	-59
	866	1,070	-204
	509	513	-4
	498	459	39
	510	536	-26
	207	189	18
	577	494	83
	177	214	-37
	699	895	-196
	326	329	-3
	802	754	48
	899	736	163
	673	1,070	-397
	198	180	18
	259	272	-13
	521	577	-56
	363	321	42
	501	453	48
	100	64	36
	265	254	11
	560	627	-67
	324	327	-3
	436	420	16
	626	601	25
	814	792	22
	237	219	18
	796	760	36
	628	583	45
	217	179	38
	448	443	5
	458	435	23
	571	601	-30
	480	531	-51
	194	199	-5
	546	481	65
	529	322	207
	485	547	-62
	755	756	-1
	509	516	-7
	484	516	-32
	180	186	-6
	427	459	-32
	240	262	-22
	779	608	171
	8,000	8,537	-537
	383	138	245
	221	80	141
	733	829	-96
	483	449	34
	307	324	-17
	451	943	-492
	722	844	-122
	163	161	2
	775	721	54
	437	515	-78
	304	353	-49
	424	488	-64
	624	814	-190
	534	655	-121
	529	604	-75
	530	604	-74
	851	742	109
	727	771	-44
	317	277	40
	514	488	26
	492	487	5
	755	811	-56
	234	224	10
	63	39	24
	439	393	46
	598	605	-7
	260	240	20
	469	336	133
	506	455	51
	235	212	23
	303	273	30
	977	620	357
	521	485	36
	635	630	5
	207	219	-12
	103	98	5
	155	149	6
	164	194	-30
	818	590	228
	384	223	161
	150	180	-30
	809	818	-9
	855	873	-18
	400	374	26
	675	449	226
	266	179	87
	411	269	142
	1,099	763	336
	107	139	-32
	1,008	1,009	-1
	240	274	-34
	177	170	7
	207	193	14
	510	353	157
	940	611	329
	548	660	-112
	516	438	78
	320	263	57
	238	223	15
	497	476	21
	849	812	37
	349	309	40
	38	26	12
	641	121	520

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			260
b			21
c			36
d			89
e			162
			42
			27
			80
			5
			-6
			41
			-23
			-130
			-90
			-14
			-2
			-22
			13
			37
			-20
			18
			19
			-42
			12
			562
			-89
			-1,281
			-415
			-78
			2
			42
			65
			67
			-213
			-100
			-16
			-76
			133
			206
			34
			-62
			17
			-139
			-160
			26
			31
			25
			183
			-44
			11
			-100
			-105
			109
			37
			-130
			-3
			76
			-326
			-237
			-74
			17
			60
			57
			-6
			-29
			-64
			-61
			-259
			23
			-43
			76
			56
			93
			100
			62
			456
			296
			11
			-1

			85
			29
			161
			76
			-5
			-4
			28
			-53
			45
			116
			296
			322
			20
			69
			-3
			-16
			4
			169
			96
			435
			-427
			-60
			-103
			-140
			-92
			56
			57
			175
			56
			-39
			-9
			-143
			73
			41
			111
			223
			195
			255
			134
			215
			215
			233
			22
			22
			4
			33
			74
			286
			-84
			38
			-45
			-43
			165
			-53
			-12
			-13
			-27
			-102
			-52
			131
			-169
			-51
			237
			-13
			53
			36
			-75
			-76
			2
			-2
			9
			22
			11
			56
			-59
			-204
			-4
			39
			-26
			18
			83
			-37
			-196
			-3
			48
			163
			-397
			18
			-13
			-56
			42
			48
			36
			11
			-67
			-3
			16
			25
			22
			18
			36
			45
			38
			5
			23
			-30
			-51
			-5
			65
			207
			-62
			-1
			-7
			-32
			-6
			-32
			-22
			171
			-537
			245
			141
			-96
			34
			-17
			-492
			-122
			2
			54
			-78
			-49
			-64
			-190
			-121
			-75
			-74
			109
			-44
			40
			26
			5
			-56
			10
			24
			46
			-7
			20
			133
			51
			23
			30
			357
			36
			5
			-12
			5
			6
			-30
			228
			161
			-30
			-9
			-18
			26
			226
			87
			142
			336
			-32
			-1
			-34
			7
			14
			157
			329
			-112
			78
			57
			15
			21
			37
			40
			12
			520

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	6,440
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	28,200	806,724	0.034956
2009	41,245	734,901	0.056123
2008	40,336	653,224	0.061749
2007
2006

2	Total of line 1, column (d) ......................	2	0.152828
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	0.050943
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	778,874
5	Multiply line 4 by line 3.......................	5	39,678
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	193
7	Add lines 5 and 6.........................	7	39,871
8	Enter qualifying distributions from Part XII, line 4..............	8	27,869
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	387
	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	387
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	387
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	552
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	552
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	165
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax165	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 Telephone no. bullet

(336) 747-8186

Located at bullet

1 WEST 4TH STREETWINSTON SALEMNC ZIP+4 bullet

27101

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	TRUSTEE 40	14,676
1525 WEST WT HARRIS BLVD D1114-044 CHARLOTTE,NC282881161	TRUSTEE 40	14,676

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

769,130

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

21,605

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

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

790,735

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

790,735

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

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

11,861

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

778,874

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

38,944

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

38,944

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

387

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

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

387

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

38,557

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

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

38,557

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

38,557

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 ..........

27,869

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

27,869

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

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

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

27,869

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					38,557
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.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	741
e From 2010.......	0
fTotal of lines 3a through e.........		741
4Qualifying distributions for 2011 from Part
XII, line 4: $ 27,869
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.....					27,869
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2011.		741			741
(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 ..........					9,947
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........		0
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	0
e Excess from 2011....	0

Form 990-PF (2011)

Page 9

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE FIRST PRESBYTERIAN CHURCH 201 SOUTH 21ST STREET PHILADELPHIA,PA19103	NONE	EXEMPT	CONTRIBUTION	22,200
Total ................................. 3a				22,200

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	3
4 Dividends and interest from securities....			14	24,710
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	6,440
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)..				31,153

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

1331,153

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2011)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
124857202 CBS CORP NEW	301	509
25470M109 DISH NETWORK CORP
345370860 FORD MOTOR COMPANY
37045V100 GENERAL MOTORS CO
478366107 JOHNSON CONTROLS INC
53071M104 LIBERTY MEDIA CORP
254687106 WALT DISNEY CO	435	643
19122T109 COCA-COLA ENTERPRISE
205887102 CONAGRE FOODS INC
126650100 CVS/CAREMARK CORP
370334104 GENERAL MILLS INC
713448108 PEPSICO INC
13342B105 CAMERON INTL CORP
20825C104 CONOCOPHILLIPS
25179M103 DEVON ENERGY CORPORA	3,278	2,429
30231G102 EXXON MOBIL CORPORAT	3,486	4,016
674599105 OCCIDENTAL PETE CORP	671	1,020
75281A109 RANGE RES CORP
001055102 AFLAC INC
020002101 ALLSTATE CORP
03076C106 AMERIPRISE FINL INC	1,038	1,098
060505104 BANK OF AMERICA CORP	2,097	2,165
316773100 FIFTH THIRD BANCORP
354613101 FRANKLIN RESOURCES I
416515104 HARTFORD FINANCIAL S	944	645
46625H100 JPMORGAN CHASE & CO	2,962	3,751
571748102 MARSH & MCLENNAN COS
744320102 PRUDENTIAL FINL INC	1,156	1,908
78442P106 SLM CORP	316	866
857477103 STATE STREET CORP
867914103 SUNTRUST BANKS INC	1,459	1,686
89417E109 TRAVELERS COMPANIES,	1,053	1,748
902973304 US BANCORP DEL NEW	1,452	2,071
101137107 BOSTON SCIENTIFIC CO
151020104 CELGENE CORP COM	756	937
58933Y105 MERCK & CO INC NEW	975	1,162
94973V107 WELLPOINT INC	624	539
097023105 BOEING CO	904	1,428
18683K101 CLIFFS NAT RES
369604103 GENERAL ELECTRIC CO	3,065	3,976
438516106 HONEYWELL INTERNATIO
452308109 ILLINOIS TOOL WORKS
00724F101 ADOBE SYS INC	630	688
268648102 E M C CORP MASS	872	1,183
38259P508 GOOGLE INC	577	685
48203R104 JUNIPER NETWORKS INC	973	715
482480100 KLA-TENCOR CORP
57772K101 MAXIM INTEGRATED
594918104 MICROSOFT CORP	737	863
67066G104 NVIDIA CORP
61945C103 MOSAIC CO/THE
156700106 CENTURYLINK INC
852061100 SPRINT NEXTEL CORP	575	757
025537101 AMERICAN ELECTRIC PO	847	1,118
26884L109 EQT CORPORATION
69331C108 PG&E CORP COM	1,224	1,172
69351T106 PPL CORPORATION	1,273	1,408
744573106 PUBLIC SVC ENTERPRIS
00206R102 AT & T INC	1,045	1,319
021441100 ALTERA CORP	1,209	1,232
03524A108 ANHEUSER-BUSCH INBEV	703	842
037833100 APPLE INC	573	665
04314H105 ARTISAN FDS INC SMAL	18,752	30,757
04314H204 ARTISAN INTERNATIONA	45,000	52,191
166764100 CHEVRON CORP	2,023	2,355
169656105 CHIPOTLE MEXICAN GRI	596	577
17275R102 CISCO SYSTEMS INC	672	801
25243Q205 DIAGEO PLC - ADR	673	765
25490A309 THE DIRECTV GROUP HO	607	677
256206103 DODGE & COX INT'L ST	41,654	45,657
26441C204 DUKE ENERGY HOLDING	810	777
26852M105 EII INTERNATIONAL PR	22,500	25,719
277432100 EASTMAN CHEM CO COM	789	939
35671D857 FREEPORT-MCMORAN COP	620	650
406216101 HALLIBURTON CO	2,206	2,260
411511843 HARBOR SMALL-CAP VAL	21,586	30,466
44981V706 ING REAL ESTATE FUND	22,500	35,020
464287499 ISHARES TR RUSSELL M	38,523	51,761
478160104 JOHNSON & JOHNSON	2,143	2,225
512807108 LAM RESEARCH CORP CO	935	819
52106N889 LAZARD EMERGING MKTS	17,500	18,548
548661107 LOWES COS INC	2,334	2,506
552953101 MGM RESORTS INTERNAT	537	375
574599106 MASCO CORP	823	949
617446448 MORGAN STANLEY	697	690
628530107 MYLAN LABS INC	1,110	1,273
664397106 NORTHEAST UTILS	648	678
693475105 PNC FINANCIAL SERVIC	654	684
717081103 PFIZER INC	2,027	2,601
718172109 PHILIP MORRIS INTERN	1,351	1,429
722005667 PIMCO COMMODITY REAL	30,000	25,375
742718109 PROCTER & GAMBLE CO	726	739
747525103 QUALCOMM INC	665	676
77954Q106 T ROWE PRICE BLUE CH	90,738	114,624
828806109 SIMON PROPERTY GROUP	1,121	1,428
832696405 JM SMUCKER CO	1,129	1,190
883203101 TEXTRON INC	980	1,202
887317303 TIME WARNER INC	860	956
91324P102 UNITEDHEALTH GROUP I	1,279	1,412
917047102 URBAN OUTFITTERS INC	656	826
92220P105 VARIAN MED SYS INC	742	705
92532F100 VERTEX PHARMACEUTICA	544	747
931422109 WALGREEN CO	1,716	1,788
969904101 WILLIAMS SONOMA INC	1,080	1,231
98389B100 XCEL ENERGY INC	1,284	1,339
G3223R108 EVEREST RE GROUP LTD	989	1,451
H8817H100 TRANSOCEAN LTD.	1,110	1,226

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
04315J860 ARTIO GLOBAL HIGH IN	AT COST	30,000	29,072
693390700 PIMCO TOTAL RET FD-I	AT COST	173,537	192,632
315920702 FID ADV EMER MKTS IN	AT COST	20,000	22,906
722005220 PIMCO FOREIGN BOND (	AT COST	20,000	21,627
04314H105 ARTISAN FDS INC SMAL
411511843 HARBOR SMALL-CAP VAL
464287499 ISHARES TR RUSSELL
77954Q106 T ROWE PRICE BLUE CH
04314H204 ARTISAN INTERNATIONA
256206103 DODGE & COX INTERNAT
52106N889 LAZARD EMERGING MKT
26852M105 EII INTERNATIONAL PR
44981V706 ING REAL ESTATE FUND
722005667 PIMCO COMMODITY RTN
G3223R108 EVEREST RE GROUP
G491BT108 INVESCO LIMITED
N53745100 LYONDELLBASELL INDUS
806857108 SCHLUMBERGER LTD
881624209 TEVA PHARMACEUTICAL
904784709 UNILEVER NV-ADR
101121101 BOSTON PROPERTIES IN

Description	Amount
MUTUAL FUND POSTING DATE AFTER TYE	799
ROC ADJUSTMENT	429
ROUNDING	7

Category	Amount	Net Investment Income
FOREIGN TAXES	10	10
FEDERAL TAX PAYMENT - PRIOR YE	498	0
FEDERAL ESTIMATES - PRINCIPAL	552	0
FOREIGN TAXES ON QUALIFIED FOR	186	186
FOREIGN TAXES ON NONQUALIFIED	31	31