Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 208   Room/suite
City or town, state, and ZIP code
SHELBY, NC28151
A Employer identification number

56-1872992
B Telephone number (see page 10 of the instructions)

(704) 487-8888
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,750,766J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 5,056 5,056 5,056
4 Dividends and interest from securities...... 60,230 60,230 60,230
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 146,286
b Gross sales price for all assets on line 6a 2,015,417
7 Capital gain net income (from Part IV, line 2)... 146,286
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 440   440
12 Total. Add lines 1 through 11........ 212,012 211,572 65,726
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,325      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,902 3,697    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 241      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 23,542 23,542    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,010 27,239   0
25 Contributions, gifts, grants paid........ 96,195 96,195
26 Total expenses and disbursements. Add lines 24 and 25 129,205 27,239   96,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 82,807
b Net investment income (if negative, enter -0-) 184,333
c Adjusted net income (if negative, enter -0-)... 65,726
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 226,487 216,979 216,979
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)........ 1,438,213 Click to see attachment1,534,225 1,531,336
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,185 Click to see attachment2,451 Click to see attachment2,451
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,669,885 1,753,655 1,750,766
Liabilities 17 Accounts payable and accrued expenses..........   963
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   963
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,669,885 1,752,692
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,669,885 1,752,692
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,669,885 1,753,655
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,669,885
2 Enter amount from Part I, line 27a..................... 2 82,807
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,752,692
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,752,692
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a BANCO BRADESCO P 2011-02-18 2011-02-18
b TARGET CORP P 2008-12-11 2011-03-18
c CHORUS LTD P 2011-09-16 2011-12-09
d JOHNSON & JOHNSON P 2011-04-27 2011-09-09
e POTLATCH CORP P 2011-09-16 2011-10-24
BAIDU INC P 2009-10-28 2011-09-09
FREEPORT COPPER & GOLD INC P 2007-03-23 2011-09-09
PROCTOR & GAMBLE CO P 2005-10-24 2011-09-09
PNC BANK CORP P 2010-04-12 2011-09-09
ADOBE SYS P 2010-05-11 2011-06-16
TRANSOCEAN LTD P 2005-10-18 2011-04-27
CHUBB CORP P 2011-09-16 2011-10-27
KROGER CO P 2011-09-16 2011-11-23
QUALCOMM INC P 2011-03-16 2011-09-09
BANCO SANTANDER CENT HISPANO P 2009-11-10 2011-09-09
GENERAL ELEC CO P 2008-03-18 2011-09-09
RIO TINTO PLC P 2006-01-30 2011-09-09
UNILEVER P 2008-03-20 2011-09-09
ANADARKO PETE CORP P 2005-10-18 2011-05-18
ABBOTT LABS P 2011-02-24 2011-09-09
CHUBB CORP P 2011-09-16 2011-11-21
MEDTRONIC INC P 2011-05-18 2011-09-09
SANOFI P 2011-03-02 2011-09-09
BANK OF NOVA SCOTIA SEDOL P 2009-09-15 2011-09-09
GLAXO WELCOME PLC P 2005-10-19 2011-09-09
ROCHE HLDG LTD P 2008-06-03 2011-09-09
CARNIVAL CORP P 2009-02-10 2011-03-08
ALASKA COMMUNICATIONS SYS GROUP INC P 2011-09-16 2011-10-10
CNOOC LTD P 2010-11-19 2011-09-09
MONMOUTH REAL ESTATE INVT CORP P 2011-09-16 2011-10-19
SIEMENS P 2010-12-06 2011-09-09
BASF P 2005-10-13 2011-09-09
HONDA MTR LTD P 2008-12-11 2011-09-09
SCHLUMBERGER LTD P 2005-10-18 2011-09-09
CATERPILLAR INC P 2005-10-18 2011-05-17
ALASKA COMMUNICATIONS SYS GROUP INC P 2011-09-16 2011-10-11
EXXON MOBIL CORP P 2011-02-14 2011-09-09
MONMOUTH REAL ESTATE INVT CORP P 2011-09-16 2011-10-20
SPECTRA ENERGY CORP P 2011-09-16 2011-10-27
BHP LTD P 2006-01-30 2011-09-09
HONEYWELL INTERNATIONAL INC P 2005-10-14 2011-09-09
SIEMENS P 2006-01-30 2011-09-09
CISCO SYSTEMS INC P 2007-08-27 2011-04-27
ALASKA COMMUNICATIONS SYS GROUP INC P 2011-09-16 2011-10-11
EXXON MOBIL CORP P 2011-09-16 2011-10-27
MONMOUTH REAL ESTATE INVT CORP P 2011-09-16 2011-10-21
EXXON MOBIL CORP P 2011-02-14 2011-09-09
BNP PARIBAS P 2009-03-06 2011-09-09
INTEL CORP P 2008-01-30 2011-09-09
TIFFANY & CO P 2009-06-02 2011-09-09
CISCO SYSTEMS INC P 2008-03-18 2011-04-27
ALASKA COMMUNICATIONS SYS GROUP INC P 2011-09-16 2011-10-12
GENERAL ELEC CO P 2011-04-27 2011-09-09
MONMOUTH REAL ESTATE INVT CORP P 2011-09-16 2011-10-24
GOOGLE INC P 2011-05-17 2011-09-09
BOEING CO P 2010-06-25 2011-09-09
JOHNSON & JOHNSON P 2008-05-05 2011-09-09
TIME WARNER INC P 2011-08-11 2011-09-09
FORTUNE BRANDS INC P 2009-04-07 2011-02-01
ALLERGAN INC P 2011-05-18 2011-09-09
GLAXO WELCOME PLC P 2011-04-28 2011-09-09
MOSAIC CO P 2010-11-18 2011-09-09
IBM P 2011-05-17 2011-09-09
CATERPILLAR INC P 2005-10-18 2011-09-09
MICROSOFT CORP P 2008-03-18 2011-09-09
TIME WARNER INC P 2009-06-10 2011-09-09
ISHARES MSCI EMERGING MKTS INDEX FD P 2006-01-19 2011-02-14
AMAZON.COM INC P 2011-02-08 2011-09-09
GOOGLE INC P 2011-05-17 2011-09-09
NATIONAL-OILWELL INC P 2010-11-18 2011-09-09
MEDTRONIC INC P 2011-05-18 2011-09-09
CENOVUS ENERGY INC P 2006-02-06 2011-09-09
MITSUBISHI UFJ FINANCIAL P 2008-09-08 2011-09-09
UNILEVER P 2008-03-20 2011-09-09
HEWLETT PACKARD CO P 2007-11-15 2011-02-24
AMERICAN CAMPUS CMNTYS INC P 2011-09-16 2011-10-19
HALLIBURTON CO P 2011-06-16 2011-09-09
NETAPP INC P 2011-03-21 2001-09-09
ABB LTD P 2006-06-20 2011-09-09
CHEUNG KONG HLDGS LTD P 2007-08-28 2011-09-09
MITSUBISHI UFJ FINANCIAL P 2011-08-10 2011-09-09
UNION PAC CORP P 2009-06-02 2011-09-09
OCCIDENTAL PETE CORP P 2005-10-14 2011-05-18
AMERICAN CAMPUS CMNTYS INC P 2011-09-16 2011-10-20
HARTFORD FINANCIAL SVCS P 2011-09-16 2011-12-13
PFIZER INC P 2011-03-14 2011-09-09
AMERICA MOVIL P 2008-01-30 2011-09-09
CREDIT SUISSE GROUP P 2005-10-17 2011-09-09
NESTLE P 2008-06-03 2011-09-09
UNITED TECHNOLOGIES CORP P 2005-10-19 2011-09-09
PETRLEO BRAS VTG P 2008-01-28 2011-04-13
BANCO BRADESCO P 2010-11-03 2011-09-09
HARTFORD FINANCIAL SVCS P 2011-09-16 2011-12-14
POTLATCH CORP P 2011-09-16 2011-10-19
ANADARKO PETE CORP P 2005-10-18 2011-09-09
DEERE & CO P 2009-06-01 2011-09-09
OCCIDENTAL PETE CORP P 2005-10-14 2011-09-09
VALE P 2007-08-28 2011-09-09
J C PENNEY CO P 2009-06-01 2011-02-02
BANCO SANTANDER CENT HISPANO P 2010-11-12 2011-09-09
HITACHI LTD P 2011-03-16 2011-09-09
POTLATCH CORP P 2011-09-16 2011-10-20
ANGLO AMERN PLC P 2006-06-20 2011-09-09
DOVER CORP P 2009-04-13 2011-09-09
ORACLE CORP P 2007-11-14 2011-09-09
WAL MART STORES INC P 2008-05-22 2011-09-09
PANASONIC CORP P 2005-10-17 2011-02-02
BHP LTD P 2010-12-06 2011-09-09
ILLINOIS TOOL WKS INC P 2011-09-16 2011-12-06
POTLATCH CORP P 2011-10-21 2011-09-16
APPLIED MATLS INC P 2010-05-12 2011-09-09
EMC CORP P 2007-11-14 2011-09-09
PNC BANK CORP P 2010-04-12 2011-09-09
WELLS FARGO CO P 2010-08-06 2011-09-09
SONY CORP P 2005-10-13 2011-04-12
CENTURYTEL INC P 2011-09-16 2011-10-27
IBM P 2011-05-17 2011-09-09
POTLATCH CORP P 2011-09-16 2011-10-21
AXA P 2005-10-19 2011-09-09
EMERSON ELEC CO P 1990-05-01 2011-09-09
PPG INDS INC P 2009-03-27 2011-09-09
MICROSOFT CORP P 2008-03-18 2011-09-09
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 86   86  
b 18,682   14,350 4,332
c 9   10 -1
d 17,797   18,376 -579
e 1,426   1,341 85
33,086   8,816 24,270
33,037   24,208 8,829
15,450   13,818 1,632
5,038   5,038  
15,025   16,729 -1,704
14,028   10,858 3,170
693   603 90
5,525   5,705 -180
16,032   16,540 -508
13,373   21,985 -8,612
18,012   42,151 -24,139
22,578   18,622 3,956
6,137   6,137  
20,045   12,478 7,567
30,546   28,401 2,145
3,604   3,378 226
13,236   16,967 -3,731
30,973   33,373 -2,400
28,520   24,281 4,239
11,308   14,249 -2,941
35,837   40,966 -5,129
23,090   12,158 10,932
1,465   1,694 -229
20,416   26,287 -5,871
350   355 -5
9,758   13,182 -3,424
33,027   20,270 12,757
21,452   16,987 4,465
34,546   19,412 15,134
31,112   16,621 14,491
162   187 -25
29,283   35,407 -6,124
425   436 -11
440   394 46
25,203   12,920 12,283
19,048   15,317 3,731
24,838   25,132 -294
12,829   23,241 -10,412
1,467   1,687 -220
4,085   3,720 365
449   452 -3
2,715   2,715  
8,581   5,389 3,192
24,390   25,304 -914
39,913   17,885 22,028
15,395   22,723 -7,328
1,273   1,443 -170
13,058   17,999 -4,941
1,857   1,840 17
7,417   7,417  
21,455   23,362 -1,907
27,013   28,890 -1,877
5,092   5,358 -266
33,945   17,681 16,264
22,838   24,156 -1,318
21,176   22,561 -1,385
14,957   14,937 20
7,836   7,836  
20,629   13,352 7,277
28,660   32,550 -3,890
15,132   12,815 2,317
71,558   50,101 21,457
34,231   28,565 5,666
15,894   15,913 -19
27,995   27,784 211
5,362   5,362  
13,108   9,292 3,816
7,004   13,076 -6,072
26,740   27,957 -1,217
22,481   25,921 -3,440
958   992 -34
15,682   18,243 -2,561
13,516   18,620 -5,104
24,503   16,024 8,479
15,962   17,852 -1,890
4,944   5,794 -850
28,032   17,239 10,793
21,483   7,613 13,870
2,498   2,579 -81
1,652   1,926 -274
25,495   27,720 -2,225
17,738   22,040 -4,302
13,202   24,874 -11,672
39,304   35,215 4,089
26,595   19,108 7,487
29,914   42,177 -12,263
17,114   22,020 -4,906
1,041   1,233 -192
3,715   3,565 150
21,096   13,612 7,484
28,174   17,198 10,976
25,521   11,420 14,101
23,958   21,587 2,371
18,664   17,482 1,182
166   283 -117
14,859   15,709 -850
3,132   3,075 57
16,381   17,968 -1,587
25,895   15,720 10,175
37,598   29,672 7,926
20,624   22,460 -1,836
16,545   20,650 -4,105
7,367   8,442 -1,075
2,914   2,855 59
1,223   1,178 45
29,324   31,954 -2,630
28,355   26,364 1,991
13,853   19,368 -5,515
17,641   20,417 -2,776
11,853   13,077 -1,224
4,363   4,276 87
15,019   15,507 -488
544   523 21
10,795   22,226 -11,431
14,299   15,909 -1,610
32,850   16,529 16,321
3,327   3,327  
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        
b       4,332
c       -1
d       -579
e       85
      24,270
      8,829
      1,632
       
      -1,704
      3,170
      90
      -180
      -508
      -8,612
      -24,139
      3,956
       
      7,567
      2,145
      226
      -3,731
      -2,400
      4,239
      -2,941
      -5,129
      10,932
      -229
      -5,871
      -5
      -3,424
      12,757
      4,465
      15,134
      14,491
      -25
      -6,124
      -11
      46
      12,283
      3,731
      -294
      -10,412
      -220
      365
      -3
       
      3,192
      -914
      22,028
      -7,328
      -170
      -4,941
      17
       
      -1,907
      -1,877
      -266
      16,264
      -1,318
      -1,385
      20
       
      7,277
      -3,890
      2,317
      21,457
      5,666
      -19
      211
       
      3,816
      -6,072
      -1,217
      -3,440
      -34
      -2,561
      -5,104
      8,479
      -1,890
      -850
      10,793
      13,870
      -81
      -274
      -2,225
      -4,302
      -11,672
      4,089
      7,487
      -12,263
      -4,906
      -192
      150
      7,484
      10,976
      14,101
      2,371
      1,182
      -117
      -850
      57
      -1,587
      10,175
      7,926
      -1,836
      -4,105
      -1,075
      59
      45
      -2,630
      1,991
      -5,515
      -2,776
      -1,224
      87
      -488
      21
      -11,431
      -1,610
      16,321
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 146,286
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 -40,877
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 83,661 1,855,476 0.045089
2009 105,748 1,685,654 0.062734
2008 119,067 2,149,659 0.055389
2007 113,795 2,500,641 0.045506
2006 102,095 2,215,558 0.046081
2 Total of line 1, column (d) ...................... 2 0.254799
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 0.050960
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 1,959,488
5 Multiply line 4 by line 3....................... 5 99,856
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,843
7 Add lines 5 and 6......................... 7 101,699
8 Enter qualifying distributions from Part XII, line 4.............. 8 96,195
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,687
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 3,687
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,687
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 2,734
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,734
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 953
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNC
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHOYT Q BAILEY Telephone no.bullet (704) 487-8888
    Located atbullet600 POLKVILLE ROADSHELBYNC ZIP+4bullet28150
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    HOYT Q BAILEYClick to see attachment CEO
    4.00     		0 0 0
    PO BOX 208
    SHELBY,NC28151
    HOYT G TESSENERClick to see attachment PRESIDENT
    3.00     		0 0 0
    2105 PRESCOTT PLACE
    RALEIGH,NC27615
    MELANIE KNIGHTClick to see attachment VP
    1.00     		0 0 0
    4017 LAKE POINT CIRCLE
    RALEIGH,NC27606
    CYNTHIA BUCKINGHAMClick to see attachment VP
    1.00     		0 0 0
    7540 DRAYTON COURT
    RALEIGH,NC27615
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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)
    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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,741,445
    b
    Average of monthly cash balances.......................
    1b
    242,698
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    5,185
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,989,328
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,989,328
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    29,840
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,959,488
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    97,974
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    97,974
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,687
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,687
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    94,287
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    94,287
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    94,287
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    96,195
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    96,195
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    96,195
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 94,287
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 90,583
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 96,195
    a Applied to 2010, but not more than line 2a 90,583
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 5,612
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		88,675
    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) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    HOYT Q BAILEY
    600 POLKVILLE ROAD
    SHELBY,NC28150
    (704) 487-8888
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT RECIPIENT IS AN EXEMPT CHARITABLE ORGANIZATION, AND MUST INCLUDE FACTS TO SUPPORT NEED.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACLJ
    PO BOX 90555
    WASHINGTON,DC20090     		N/A 501(C)3 JUDEO-CHRISTIAN HERITAGE 200
    ADOPT A PLATOON
    PO BOX 5038
    HAGERSTOWN,MD21741     		N/A 501(C)3 VETERANS SERVICES 100
    ALLIANCE DEFENSE FUND
    15100 N 90TH ST
    SCOTSDALE,AZ85260     		N/A 501(C)3 FREE ENTERPRISE 100
    ALZHEIMER'S ASSOCIATION
    PO BOX 96011
    WASHINGTON,DC20090     		N/A 501(C)3 OPERATION EXPENSES 100
    AMERICAN BIBLE SOCIETY
    PO BOX 96812
    WASHINGTON,DC20090     		N/A 501(C)3 BIBLES 150
    AMERICAN CANCER SOCIETY
    PO BOX 4192
    RALEIGH,NC27629     		N/A 501(C)3 TO FIGHT CANCER 150
    AMERICAN CENTER FOR LAW & JUSTICE
    PO BOX 90555
    WASHINGTON,DC20090     		N/A 501(C)3 SAVE JERUSALEM 100
    AMERICAN CONSERVATIVE UNION
    PO BOX 96090
    WASHINGTON,DC20090     		N/A 501(C)3 OPERATION EXPENSES 50
    AMERICAN FAMILY ASSOCIATION
    PO DRAWER 2440
    TUPELO,MS38803     		N/A 501(C)3 PROMOTE FAMILY VALUES 100
    AMERICAN LEGION
    PO BOX 21016
    TULSA,OK74121     		N/A 501(C)3 OPERATION EXPENSES 50
    AMERICAN LUNG ASSOCIATION
    PO BOX 7000
    ALBERT LEA,MN56007     		N/A 501(C)3 LUNG RESEARCH 70
    AMERICAN STUDIES CENTER
    PO BOX 96848
    WASHINGTON,DC20090     		N/A 501(C)3 RADIO AMERICA 100
    AMERICANS UNITED FOR LIFE
    655 13TH ST NW
    WASHINGTON,DC20005     		N/A 501(C)3 PRO-LIFE 100
    ASPA
    PO BOX 96929
    WASHINGTON,DC20077     		N/A 501(C)3 FIGHT ANIMAL ABUSE 50
    BAILEY ENDOWMENT
    600 POLKVILLE RD
    SHELBY,NC28150     		N/A 501(C)3 VARIOUS CHARITABLE SUPPORT 20,000
    BAPTIST CHILDREN'S HOME OF NC
    PO BOX 338
    THOMASVILLE,NC27361     		N/A 501(C)3 ORPHANS 1,000
    BROOKSVILLE ELEMENTARY SCHOOL
    8850 N BROAD ST
    BROOKSVILLE,FL34601     		N/A 501(C)3 EXCEPTIONAL CHILDREN 1,000
    CAROLINA TIGER RESCUE
    1940 HANKS CHALPEL RD
    PITTSBORO,NC27312     		N/A 501(C)3 ANIMAL CARE 500
    CHRISTIAN ACTION NETWORK
    PO BOX 606
    FOREST,VA24551     		N/A 501(C)3 PROMOTE CHRISTIAN VALUES 75
    CHRISTIAN APPALACHIAN PROJECT
    PO BOX 55911
    LEXINGTON,KY40553     		N/A 501(C)3 FOR THE ELDERLY 100
    CITIZENS UNITED FOUNDATION
    PO BOX 96408
    WASHINGTON,DC20090     		N/A 501(C)3 PRESERVING IN GOD WE TRUST 200
    CLEVELAND COUNTY ARTS COUNCIL
    111 S WASHINGTON ST
    SHELBY,NC28150     		N/A 501(C)3 OPERATION EXPENSES 250
    CLEVELAND COUNTY BOYS & GIRLS CLUB
    412 W SUMPTER ST
    SHELBY,NC28150     		N/A 501(C)3 OPERATION EXPENSES 400
    CLEVELAND COUNTY HUMAN SOCIETY
    1609 E MARION ST
    SHELBY,NC28150     		N/A 501(C)3 ANIMAL CARE 2,000
    CLEVELAND COUNTY SCHOOLS FOUNDATION
    113 OLD STAGECOACH RD
    LAWNDALE,NC28090     		N/A 501(C)3 STUDENT AWARDS 5,000
    CROSSROADS RESCUE MISSION
    PO BOX 2890
    SHELBY,NC28151     		N/A 501(C)3 HELP FOR HOMELESS 2,000
    DAV
    PO BOX 96648
    WASHINGTON,DC20090     		N/A 501(C)3 DISABLED AMERICAN VETERANS 160
    DONELSON PRESBYTERIAN CHURCH
    2305 LEBANON RD
    NASHVILLE,TN37214     		N/A 501(C)3 BENEVOLENCE FUND 5,000
    EASTER SEALS
    PO BOX 28239
    RALEIGH,NC27611     		N/A 501(C)3 PEOPLE WITH DISABILITIES 100
    ESKRIDGE GROVE BAPIST CHURCH
    PO BOX 1239
    SHELBY,NC28151     		N/A 501(C)3 CHURCH PROGRAMS 1,100
    FAMILY RESEARCH COUNCIL
    PO BOX 2399
    HOLLAND,MI49422     		N/A 501(C)3 FAMILY RELIGIOUS FREEDOM 50
    FIRST BAPTIST CHURCH
    120 N LAFAYETTE ST
    SHELBY,NC28150     		N/A 501(C)3 OPERATION EXPENSES 26,500
    FOOD FOR THE POOR
    PO BOX 979004
    COCONUT CREEK,FL33097     		N/A 501(C)3 HELP FOR THE POOR 50
    FOUNDATION FOR HOPE
    9401 GLENWOOD AVE
    RALEIGH,NC27617     		N/A 501(C)3 MENTAL ILLNESS 250
    GALILEE UNITED METHODIST CHURCH
    PO BOX 1866
    LAURINBURG,NC28357     		N/A 501(C)3 STUDENT MINISTRY 225
    GARDNER WEBB UNIVERSITY
    PO BOX 997
    BOILING SPRINGS,NC28017     		N/A 501(C)3 SCHOLARSHIPS 5,000
    GRAHAM ELEMENTARY SCHOOL
    1100 BLANTON ST
    SHELBY,NC28150     		N/A 501(C)3 SPECIAL CHILDREN 1,000
    GREATER CLEVELAND COUNTY BAPTIST AS
    1175 WYKE RD
    SHELBY,NC28150     		N/A 501(C)3 THE NEEDY 15,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20090     		N/A 501(C)3 FAIR GOVERNMENT 100
    HUMANE SOCIETY OF THE U S
    2100 L STREEET NW
    WASHINGTON,DC20037     		N/A 501(C)3 PROTECTION OF ANIMALS 150
    INSTITUTE FOR ENERGY RESEARCH
    1100 H ST NW
    WASHINGTON,DC20005     		N/A 501(C)3 DOMESTIC ENERGY 100
    INTERNATIONAL FELLOWSHIP OF CHRISTI
    PO BOX 96105
    WASHINGTON,DC20090     		N/A 501(C)3 OPERATION EXPENSES 100
    J C RAULSTON ARBORETUM
    NSCU CAMPUS BOX 7522
    RALEIGH,NC27695     		N/A 501(C)3 OPERATION EXPENSES 500
    JEHOVAH'S WITNESSES
    155 ROSS GROVE ROAD W
    SHELBY,NC28150     		N/A 501(C)3 SERVICE TO OTHERS 100
    JUDICIAL WATCH
    PO BOX 96234
    WASHINGTON,DC20090     		N/A 501(C)3 PROTECTION OF OUR CONSTITUTION; POLI 150
    LIFE ENRICHMENT CENTER
    103 T R HARRIS DR
    SHELBY,NC28150     		N/A 501(C)3 OPERATION EXPENSES 100
    LIFE LEGAL DEFENSE FOUNDATION
    PO BOX 2105
    NAPA,CA94558     		N/A 501(C)3 DEFEAT ACLU 50
    MOTHERS AGAINST DRUNK DRIVING
    PO BOX 758521
    TOPEKA,KS66675     		N/A 501(C)3 DRUNK DRIVING EDUCATION 50
    NATIONAL CENTER FOR PUBLIC POLICY R
    501 CAPITAL COURT NE
    WASHINGTON,DC20002     		N/A 501(C)3 FREE ENTERPRISE 500
    NATIONAL LAW ENFORCEMENT OFFICERS
    901 E STREET
    WASHINGTON,DC20004     		N/A 501(C)3 OPERATION EXPENSES 25
    NC SHERIFF'S ASSOCIATION
    PO BOX 20049
    RALEIGH,NC27690     		N/A 501(C)3 HONORING LAW OFFICERS & OTHER PROGRA 250
    NC STATE UNIVERSITY
    117 TOMPKINS HALL
    RALEIGH,NC27695     		N/A 501(C)3 EDUCATION PROGRAMS 2,000
    NC STROKE ASSOCIATION
    PIEDMONT PLAZA 2000 W FI
    WINSTONSALEM,NC27104     		N/A 501(C)3 WOMEN'S STROKE HELP 500
    PARALYZED VETERANS OF AMERICA
    7 MILL BROOK RD
    WILTON,NH03086     		N/A 501(C)3 PARALYZED VETERANS 150
    PRAYING IN JESUS NAME
    PO BOX 77077
    COLORADO SPRINGS,CO80970     		N/A 501(C)3 CHOPLIN KLINGENSCHMIDT 100
    RADIO AMERICA
    PO BOX 96848
    WASHINGTON,DC20090     		N/A 501(C)3 FREEDOM OF SPEECH 150
    RELAY FOR LIFE
    700 W SUMPTER ST
    SHELBY,NC28150     		N/A 501(C)3 CANCER RESEARCH 100
    SHELBY ROTARY FOUNDATION
    PO BOX 2861
    SHELBY,NC28151     		N/A 501(C)3 POLIO DISEASE 500
    SPECIAL OLYMPICS
    PO BOX 27728
    RALEIGH,NC27611     		N/A 501(C)3 HANDICAPPED OF NC 50
    ST JOSEPH'S INDIAN SCHOOL
    PO BOX 300
    CHAMBERLAIN,SD57325     		N/A 501(C)3 CHILDREN'S SUPPORT 50
    STEP UP MINISTRY
    1701 OBERLIN RD
    RALEIGH,NC27606     		N/A 501(C)3 INTERFAITH COMMUNITY FOR JOBS 1,000
    THE NAVIGATORS
    PO BOX 600067
    COLORADO SPRINGS,CO80934     		N/A 501(C)3 CHRISTIAN SERVICE 100
    UNCTV
    PO BOX 600067
    RALEIGH,NC27675     		N/A 501(C)3 PUBLIC TV SUPPORT 50
    US JUSTICE FOUNDATION
    PO BOX 131637
    HOUSTON,TX77219     		N/A 501(C)3 FIGHT FOR FREEDOM 50
    VFW
    PO BOX 8958
    TOPEKA,KS66608     		N/A 501(C)3 VETERANS SERVICES 100
    VISION NICARAGUA
    10 ARBORWOOD TRAIL
    CANDLER,NC28715     		N/A 501(C)3 CHURCH MISSIONS 100
    WILDLIFE WELFARE
    1120 DUNNISON PLACE
    RALEIGH,NC27609     		N/A 501(C)3 OPERATION EXPENSES 500
    WORLD WAR II VETERANS COMMITTEE
    PO BOX 96543
    WASHINGTON,DC20077     		N/A 501(C)3 OPERATION EXPENSES 100
    WOUNDED WARRIOR PROJECT
    PO BOX 75816
    TOPEKA,KS66675     		N/A 501(C)3 WOUNDED VETERANS 40
    Total .................................bullet 3a 96,195
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 5,056  
    4 Dividends and interest from securities....     14 60,230  
    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     25 146,286  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMISCELLANEOUS INCOME     14 440  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   212,012  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13212,012
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,325      

    TY 2011 CompensationExplanation
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Person Name Explanation
    HOYT Q BAILEY  
    HOYT G TESSENER  
    MELANIE KNIGHT  
    CYNTHIA BUCKINGHAM  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE SYS    
    ABB LTD    
    AXA    
    AMERICA MOVIL SAB DE    
    ANGLO AMERICAN PLC    
    ANADARKO PETE CORP    
    APPLIED MATERIAL INC    
    BANCO SANTANDER    
    BANK OF NOVA SCOTIA    
    BANCO BRADESCO    
    BAIDU INC    
    BNP PARIBAS    
    BASF    
    BHP BILLITON LTD    
    BOEING CO    
    CREDIT SUISSE GROUP    
    CARNIVAL CORP    
    CNOOC LTD    
    CATERPILLAR INC    
    CENOVUS ENERGY INC    
    CHEUNG KONG HLDG ADR    
    CISCO SYSTEMS, INC.    
    DEERE CO    
    DOVER CORP    
    E M C CORP    
    EMERSON ELECTRIC CO    
    FREEPRT-MCMRAN    
    FORTUNE BRANDS INC    
    GLAXOSMITHKLINE    
    GENERAL ELECTRIC    
    HONEYWELL INTERNATIONAL, INC.    
    HEWLETT PACKARD    
    HONDA MOTOR ADR    
    INTEL CORP    
    JOHNSON & JOHNSON    
    MOSAIC CO    
    MITSUBISHI UFJ FINANCIAL GROUP INC    
    MICROSOFT CORP 3,977 3,375
    NATIONAL-OILWELL VARCO INC    
    NESTLE    
    OCCIDENTAL PETE CORP    
    ORACLE CORP    
    PPG INDUSTRIES INC    
    PETRLEO BRAS VTG    
    PNC FINANCIAL SERVICES GROUP    
    J C PENNEY CO    
    PANASONIC CORP    
    PROCTOR & GAMBLE CO    
    RIO TINTO PLC    
    ROCHE HOLDING LTD    
    SIEMENS AG    
    SCHLUMBERGER LTD    
    SONY CORP    
    TARGET CORP    
    TRANSOCEAN INC    
    TIME WARNER INC    
    TIFFANY & CO    
    UNILEVER    
    UNION PACIFIC CORP    
    UNITED TECHS CORP    
    VALE SA    
    WAL-MART STORES, INC.    
    WELLS FARGO & CO    
    ISHARES MSCI EMERGING MARKETS    
    DODGE & COX INCOME FUND 239,265 236,421
    LORD ABBETT BD DEB FUND 79,916 80,550
    MFS GOVT MKTS INCOME TRUST 3,847 3,898
    PIMCO LOW DURATION FUND 47,934 47,427
    BLACKROCK INFL PROT BD 79,807 80,504
    TEMPLETON INCOME TR 29,753 28,771
    ISHARES S&) PFD STK INDX FD 14,984 14,355
    MARVELL TECHNOLOGY GROUP 5,001 4,515
    NOBLE CORP 3,093 2,538
    AT&T 5,877 6,169
    ABBOTT LABS 5,885 6,410
    AMERIPRISE FINANCIAL 3,539 3,872
    APACHE CORP 4,574 4,167
    APPLE 9,562 9,720
    BARD C R 3,113 2,907
    CAPITAL ONE FINL 4,464 4,229
    CENTURYTEL 5,835 6,473
    CHEVRON 6,978 7,448
    COCA COLA 6,429 6,297
    COMCAST 5,484 5,690
    DEERE & CO 3,144 3,094
    DU PONT E I DE NEMOURS & CO 7,908 7,691
    EATON VANCE TAX MAN GLBL BR 5,020 4,770
    EXXON MOBIL 3,338 3,221
    FEDEX CORP 5,225 5,679
    GENUINE PARTS 7,489 8,446
    GILEAD SCIENCES 5,907 5,976
    GOOGLE 7,649 9,043
    HONEYWELL INTL 5,642 6,305
    IBM 8,814 8,826
    JP MORGAN CHASE & CO 7,301 7,016
    KELLOGG 5,819 5,462
    KIMBERLY CLARK 10,122 10,740
    KOHLS 3,562 3,652
    KRAFT FOODS 6,100 6,501
    LOCKHEED MARTIN 6,195 6,634
    MASTERCARD 8,386 8,948
    MCKESSON 3,817 3,896
    MEDCO HEALTH SOLUTIONS 2,696 3,019
    MEDTRONIC 7,079 6,120
    MERCK & CO 6,019 6,937
    MOODYS 5,873 5,860
    MYLAN 5,755 5,966
    NATIONAL OILWELL 6,764 6,935
    NORFOLK SOUTHERN 6,618 6,849
    ORACLE 4,428 3,899
    PNC FINANCIAL SERVICES 7,620 6,628
    PFIZER 7,618 8,872
    PHILIP MORRIS INTL 6,201 7,063
    RAYTHEON 6,152 7,063
    SLM 2,936 3,149
    SANDISK 5,246 6,004
    SCHLUMBERGER 7,659 7,036
    SPECTRA ENERGY 2,812 3,290
    STARBUCKS 5,482 6,441
    TORTOISE ENERGY INFRASTRUCTURE 24,502 26,793
    VERIZON COMMUNICATIONS 2,994 3,290
    WELLPOINT 3,373 3,313
    YUM BRANDS 6,050 6,609
    ALLIANT 8,106 8,910
    ATMEL 5,609 4,406
    CNO FINANCIAL GROUP 4,602 4,650
    EAST WEST BANCORP 5,609 6,478
    F5 NETWORKS 2,531 3,184
    GATX 6,906 8,383
    HERCULES TECHNOLOGY GROWTH 5,318 5,268
    ISHARES S&P MIDCAP 400 80,826 81,740
    JOY GLOBAL 5,768 5,023
    KIMBALL INTL 2,967 3,083
    MDU RES GROUP 5,476 5,580
    MICROCHIP TECHNOLOGY 6,401 6,740
    OLIN CORP 10,052 10,022
    PACKAGING CORP AMER 8,387 7,875
    ROCKWOOD HOLDINGS 5,852 4,567
    T ROWE PRICE SMALL CAP STOCK FUND 48,513 46,719
    WALTER ENERGY 4,371 3,149
    WINDSTREAM 6,594 5,964
    ANHEUSER BUSCH INBEV 5,108 5,977
    CHORUS 1,008 974
    EUROPACIFIC GROWTH FD 97,428 93,182
    ROGERS COMMUNICATIONS 3,275 3,235
    TELCOM 3,276 3,228
    UNILEVER 6,432 6,737
    BANCO LATINOAMERICAN DE COMMERCIO EX 6,066 5,714
    OPPENHEIMER DEVELOPING MARKETS 64,676 59,331
    TELEFONICA BRASIL 8,938 8,199
    JPMORGAN CHASE & CO ALERIAN MLP INDE 25,762 28,448
    ASG MANAGED FUTURES STRAG FUND 39,708 37,391
    PIMCO ALL ASSET ALL AUTH FUND 78,991 74,599
    AMERICAN CAMPUS COMMUNITIES 7,619 8,056
    AMERICAN CAP AGY 4,427 4,156
    ANNALY CAPITAL MANAGEMENT 5,172 4,596
    CHIMERA INVT 3,137 2,590
    DIGITAL RLTY TR 7,881 8,934
    HOSPITALITY PPTYS TR 7,620 7,722
    LTC PPTYS 5,745 6,357
    NATIONAL HEALTH INVS 7,770 7,301
    OMEGA HEALTHCARE 7,605 8,785
    PLUM CREEK TIMBER CO 5,268 5,192
    RAYONIER 7,710 8,658
    REALTY INCOME 4,379 4,405
    VANGUARD REIT 80,704 83,056

    TY 2011 OtherAssetsSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ESTIMATED TAX PAYMENTS 2,734    
    DEPOSIT ON LAND 2,451 2,451 2,451


    TY 2011 OtherExpensesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MANAGEMENT FEES 22,477 22,477    
    CERTIFFEE 227 227    
    ACCOUNT FEE-MERRILL LYNCH 150 150    
    MISCELLANEOUS 688 688    


    TY 2011 OtherIncomeSchedule2
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 440   440


    TY 2011 TaxesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID ON INVESTMENT 3,205      
    EXCISE TAX 3,697 3,697