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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
WELBORN BAPTIST FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)TWENTY-ONE SOUTHEAST THIRD STREETROOM/SUITE 610Room/suite
City or town, state, and ZIP code
EVANSVILLE, IN477081418
A Employer identification number

35-2056722
B Telephone number (see instructions)

(812) 437-8260
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$110,263,986J 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 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) 1,156,100
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 3,912,447 3,912,447  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,162,198
b Gross sales price for all assets on line 6a 39,219,884
7 Capital gain net income (from Part IV, line 2)...  
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 57,069    
12 Total. Add lines 1 through 11........ 6,287,814 3,912,447  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 187,986 1,012   186,125
14 Other employee salaries and wages...... 684,253 2,101   686,424
15 Pension plans, employee benefits....... 239,416 203   206,702
16a Legal fees (attach schedule)......... Click to see attachment 8,883     8,883
b Accounting fees (attach schedule)....... Click to see attachment 15,221     18,256
c Other professional fees (attach schedule).... Click to see attachment 398,130 182,448   180,348
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 280,798     193,146
19 Depreciation (attach schedule) and depletion... Click to see attachment 53,212    
20 Occupancy.............. 128,237     126,698
21 Travel, conferences, and meetings....... 69,111     69,111
22 Printing and publications.......... 8,637     8,637
23 Other expenses (attach schedule)....... Click to see attachment 1,153,649     1,153,826
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,227,533 185,764   2,838,156
25 Contributions, gifts, grants paid........ 3,404,282 3,657,791
26 Total expenses and disbursements. Add lines 24 and 25 6,631,815 185,764   6,495,947
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -344,001
b Net investment income (if negative, enter -0-) 3,726,683
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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............... 100 100 100
2 Savings and temporary cash investments.......... 475,448 1,175,952 1,175,952
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........... 22,767 36,556 36,556
10a Investments—U.S. and state government obligations (attach schedule) 4,952,900 Click to see attachment6,809,229 7,004,775
b Investments—corporate stock (attach schedule)........ 68,407,648 Click to see attachment74,289,369 76,406,881
c Investments—corporate bonds (attach schedule)........ 33,677,921 Click to see attachment24,758,009 25,199,770
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 bullet629,134
Less: accumulated depreciation (attach schedule) bullet325,087 292,539 Click to see attachment304,047 304,048
15 Other assets (describe bullet) Click to see attachment148,436 Click to see attachment135,904 Click to see attachment135,904
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 107,977,759 107,509,166 110,263,986
Liabilities 17 Accounts payable and accrued expenses.......... 105,885 126,198
18 Grants payable................... 4,545,744 4,291,844
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)   Click to see attachment108,995
23 Total liabilities (add lines 17 through 22).......... 4,651,629 4,527,037
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 103,326,130 102,982,129
30 Total net assets or fund balances (see page 17 of the
instructions).................... 103,326,130 102,982,129
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 107,977,759 107,509,166
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)............... 1 103,326,130
2 Enter amount from Part I, line 27a..................... 2 -344,001
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 102,982,129
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. 6 102,982,129
Form 990-PF (2012)
Form 990-PF (2012)
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.)
1a
b
c
d
e
(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
b
c
d
e
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
c
d
e
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  
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 instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 4,990,608 106,085,633 0.047043
2010 4,312,695 97,696,570 0.044144
2009 4,711,889 83,643,154 0.056333
2008 6,259,468 103,064,748 0.060733
2007 4,802,641 117,885,825 0.040740
2 Total of line 1, column (d) ...................... 2 0.248993
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 0.049799
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 105,650,463
5 Multiply line 4 by line 3....................... 5 5,261,287
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 37,267
7 Add lines 5 and 6......................... 7 5,298,554
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,570,847
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 37,267
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 37,267
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 37,267
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 130,266
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.............. 7 130,266
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 92,999
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet92,999 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 instructions)
    bulletIN
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WELBORNFDN.ORG
    14
    The books are in care ofbulletKEVIN BAIN Telephone no.bullet (812) 437-8260
    Located atbullet21 SE THRID ST SUITE 610EVANSVILLEIN ZIP+4bullet477081418
    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 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 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 2012 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 2012.)....................
    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 2012?
    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 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 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 (2012)
    Form 990-PF (2012)
    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 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
    W HAROLD CALLOWAYClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    LISA N COLLINSClick to see attachment TREASURER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    JOHN M DUNNClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    RITA EYKAMPClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    C MARK HUBBARDClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    THOMAS KAZEEClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    E LYNN JOHNSONClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    MARILYN KLENCKClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    DAVID L KNAPPClick to see attachment 2ND VICE CHA
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    CONNIE K NASSClick to see attachment SECRETARY
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    JOHN D PULCINI MD FACSClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    ELLIS S REDDClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    RONALD ROMAINClick to see attachment CHAIRMAN
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    DANIEL SCHENKClick to see attachment 2ND VICE CHA
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    JALEIGH J WHITEClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    KEVIN BAINClick to see attachment EXEC. DIR.
    40.00     		187,986 75,057 0
    21 SE THIRD ST
    SUITE 310
    EVANSVILLE,IN47708
    JOHN C SCHROEDERClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD STREET
    SUITE 610
    EVANSVILLE,IN47708
    CARRIE ELLSPERMANClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    NORM BAFUNNOClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    LINDA BENNETTClick to see attachment BOARD MEMBER
    1.00     		0 0 0
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
    GARY BAUERClick to see attachment CFO
    40.00     		110,075 31,891  
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    PATRICK JACKSONClick to see attachment SR PROGRAM O
    40.00     		74,441 23,016  
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    RHONDA MEADEClick to see attachment PROGRAM DIRE
    40.00     		74,200 21,143  
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    ANDREA HAYSClick to see attachment PROGRAM DIRE
    40.00     		77,650 17,660  
    21 SE THIRD STREET SUITE 610
    EVANSVILLE,IN477081418
    ELIZABETH THARPClick to see attachment EVALUATION O
    40.00     		69,265 18,873  
    21 SE THRID STREET
    SUITE 610
    EVANSVILLE,IN47708
    Total number of other employees paid over $50,000...................bullet 1
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MATT WAGNER PROGRAM SUPPORT 138,177
    445 S BOEKE ROAD
    EVANSVILLE,IN47714
    DIMEO SCHNEIDER ASSOC LLC INVESTMENT 89,754
    500 WEST MADISON STREET
    CHICAGO,IL60661
    METROPOLITAN WEST ASSET MGMT INVESTMENT 62,411
    11766 WILSHIRE BOULEVARD
    SUITE 1580
    LOS ANGELES,CA90025
    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 (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    107,127,896
    b
    Average of monthly cash balances.......................
    1b
    131,457
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    107,259,353
    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
    107,259,353
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,608,890
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    105,650,463
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,282,523
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,282,523
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    37,267
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,267
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,245,256
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    16,314
    5
    Add lines 3 and 4............................
    5
    5,261,570
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    5,261,570
    Part XII
    Qualifying Distributions (see 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
    6,495,947
    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
    74,900
    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
    6,570,847
    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 instructions).................
    5
    37,267
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,533,580
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 5,261,570
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008....... 530,650
    c From 2009....... 558,443
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e......... 1,089,093
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 6,570,847
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 5,261,570
    e Remaining amount distributed out of corpus 1,309,277
    5 Excess distributions carryover applied to 2012.    
    (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 2,398,370
    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 instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		2,398,370
    10 Analysis of line 9:
    a Excess from 2008.... 530,650
    b Excess from 2009.... 558,443
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012.... 1,309,277
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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 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 or e-mail of the person to whom applications should be addressed:
    KEVIN R BAIN
    21 SE THIRD ST
    SUITE 610
    EVANSVILLE,IN47708
    (812) 437-8260
    bThe form in which applications should be submitted and information and materials they should include:
    VISIT WWW.WELBORNFDN.ORG FOR THIS INFORMATION
    cAny submission deadlines:
    WILL BE PUBLISHED ANNUALLY AT WWW.WELBORNFDN.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SW INDIANA, SE ILLINOIS AND HENDERSON KY. SEE WEB PAGE.
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    ST JOHN'S LUTHERAN CHURCH EVANSTO
    12308 EAST CR 1160N
    EVANSTON,IN47531     		N/A PUBLIC HEALTH MINISTRIES 1,000
    BOOM SQUAD INC
    PO BOX 3902
    EVANSVILLE,IN477373902     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,000
    CARVER COMMUNITY ORGANIZATION
    400 SE 8TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 60,000
    CEDAR CREST INTERMEDIATE SCHOOL
    4770 SOUTH STATE RD 162
    HUNTINGBURG,IN47542     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 13,445
    COMMUNITY COORDINATED CHILD CARE
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 371,642
    COUNSELING FOR CHANGE INC
    1130 LINCOLN AVE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 36,000
    DEACONESS FAMILY MEDICINE RESIDENCY
    515 READ STREET
    EVANSVILLE,IN47710     		N/A PUBLIC COMMUNITY HEALTH STATUS 43,500
    DEACONESS FOUNDATION
    600 MARY STREET
    EVANSVILLE,IN47747     		N/A PUBLIC COMMUNITY HEALTH STATUS 42,000
    ECHO COMMUNITY HEALTH CARE
    315 MULBERRY ST
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 110,500
    ENCOUNTERING HOPE MINISTRIES INC
    304 NORTH SECOND STREET
    BOONVILLE,IN47601     		N/A PUBLIC FAITH BASED 37,500
    EVANSVILLE ARC
    615 W VIRGINIA STREET
    EVANSVILLE,IN47724     		N/A PUBLIC PROGRAM DOCUMENTATION SYSTEM 80,000
    EVANSVILLE AREA TRAILS COALITION I
    PO BOX 13029
    EVANSVILLE,IN47728     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 6,592
    EVANSVILLE MUSEUM OF ARTS HISTORY &
    411 E RIVERSIDE DRIVE
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 425,000
    EVANSVILLE-VANDERBURGH SCHOOL CORP
    1 SE NINTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 191,613
    FAMILY MATTERS OF POSEY COUNTY
    PO BOX 392
    MT VERNON,IN476200392     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 950
    FIFTH STREET ELEMENTARY
    401 WEST 5TH STREET
    JASPER,IN47546     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 6,960
    GIRL SCOUTS OF RAINTREE COUNCIL
    PO 1350
    EVANSVILLE,IN47706     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 8,038
    GOOD NEWS JAIL & PRISON MINISTRY
    3500 N HARLAN AVENUE
    EVANSVILLE,IN47711     		N/A PUBLIC FAITH BASED 40,000
    HOLY NAME OF JESUS CATHOLIC CHURCH
    511 SECOND STREET
    HENDERSON,KY42420     		N/A PUBLIC COMMUNITY HEALTH STATUS 24,750
    IMPACT CHRISTIAN HEALTH CENTER
    720 SE EIGHTH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 30,000
    LAMPION CENTER
    655 S HEBRON AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 63,750
    LUCE ELEMENTARY
    1057 NORTH COUNTY ROAD 70
    RICHLAND,IN47634     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 9,733
    MATTHEW 25 AIDS SERVICES
    452 OLD CORYDON ROAD
    HENDERSON,KY42420     		N/A PUBLIC COMMUNITY HEALTH STATUS 22,500
    MEDIA MINISTRIES INC
    4630 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 56,250
    MT CARMEL HIGH SCHOOL
    201 PEAR STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 5,735
    NEW HOPE DEVELOPMENET CORPORATION
    663 SOUTH ELLIOTT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 49,491
    NORRIS CITY - OMAHA ELEMENTARY
    580 US 45
    NORRIS CITY,IL62869     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 9,960
    PERRY CENTERAL ELEMENTARY
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,800
    POTTER'S WHEEL
    333 JEFFERSON AVE
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 30,000
    SBHP - EVALUATIONS
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 59,020
    SOUTH ELEMENTARY SCHOOL
    715 W 3RD STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 8,735
    SOUTH MIDDLE SCHOOL
    800 ALVES STREET
    HENDERSON,KY42420     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 12,405
    SOUTHERN HILLS COUNSELING CENTER
    480 EVERSMAN DRIVE
    JASPER,IN47547     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 27,000
    ST MARY'S FOUNDATION
    3700 WASHINGTON AVE
    EVANSVILLE,IN47750     		N/A PUBLIC HEALTH MINISTRIES 60,000
    TELL CITY JR HIGH SCHOOL
    900 12TH STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 6,035
    THE UNITED CARING SHELTER INC
    324 NW SIXTH STREET
    EVANSVILLE,IN477343554     		N/A PUBLIC COMMUNITY HEALTH STATUS 25,000
    TTT CHRISTIAN YOUTH MINISTRIES INC
    13000 US HWY 41 N
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 22,500
    UNIVERSITY OF SOUTHERN INDIANA
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		N/A PUBLIC COMMUNITY HEALTH STATUS 24
    VOLUNTEERS OF AMERICA OF INDIANA
    927 N PENNSYLVANIA STREE
    INDIANAPOLIS,IN46204     		N/A PUBLIC COMMUNITY HEALTH STATUS 22,500
    WADESVILLE CENTER TOWNSHIP VOLUNTEE
    PO BOX 180
    WADESVILLE,IN47638     		N/A PUBLIC COMMUNITY HEALTH STATUS 5,000
    WELBORN BAPTIST FOUNDATION
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 84,335
    WILLIAM TELL ELEMENTARY
    1235 31ST STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,800
    WOOD MEMORIAL JR HIGH
    954A SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,800
    YMCA OF SOUTHWESTERN INDIANA
    222 NW SIXTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY FITNESS 110,000
    YOUNG LIFE
    PO BOX 4375
    EVANSVILLE,IN47724     		N/A PUBLIC FAITH BASED 56,250
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION
    118 VINE STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 80,000
    YOUTH FIRST INC
    3220 E MORGAN AVE SUITE
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 350,000
    YOUTH SERVICE BUREAU
    734 W DELAWARE ST
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 30,000
    ARK CRISIS PREVENTION NURSERY
    415 LINCOLN AVENUE
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 20,000
    AUDUBON AREA COMMUNITY SERVICES
    1700 W 5TH ST
    OWENSBORO,KY423011952     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 32,500
    BIG BROTHERSBIG SISTERS
    101 PLAZA EAST BLVD SUIT
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 5,000
    BOYS & GIRLS CLUB OF EVANSVILLE
    PO BOX 6311
    EVANSVILLE,IN47719     		N/A PUBLIC COMMUNITY HEALTH STATUS 14,000
    BREAD OF LIFE
    PO BOX 12
    LYNVILLE,IN47619     		N/A PUBLIC FAITH BASED 17,500
    BUFFALO TRACE COUNCIL
    3501 E LLOYD EXPRESSWAY
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 10,000
    CARVER COMMUNITY ORGANIZATION
    400 SE 8TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 23,750
    CEDAR CREST INTERMEDIATE SCHOOL
    4770 SOUTH STATE RD 162
    HUNTINGBURG,IN47542     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 125
    CEDAR CREST INTERMEDIATE SCHOOL
    4770 SOUTH STATE RD 162
    HUNTINGBURG,IN47542     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,000
    CHRIST THE KING SCHOOL
    3101 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 14,420
    CHRISTIAN CHURCH OF JASPER
    1450 ENERGY DRIVE
    JASPER,IN47546     		N/A PUBLIC HEALTH MINISTRIES 400
    CRISIS PREGNANCY CENTER OF HENDERSO
    603 CENTER STREET
    HENDERSON,KY42420     		N/A PUBLIC FAITH BASED 8,500
    ECHO COMMUNITY HEALTH CARE
    315 MULBERRY ST
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 29,821
    ENCOUNTERING HOPE MINISTRIES INC
    304 NORTH SECOND STREET
    BOONVILLE,IN47601     		N/A PUBLIC FAITH BASED 17,500
    EVANSVILLE AREA COMMUNITY OF CHURCH
    2001 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 6,000
    EVANSVILLE AREA FUNDRAISING COUNCIL
    PO BOX 114
    EVANSVILLE,IN477010114     		N/A PUBLIC COMMUNITY HEALTH STATUS 1,600
    EVANSVILLE CHRISTIAN LIFE CENTER
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 43,750
    EVANSVILLE RESCUE MISSION
    500 EAST WALNUT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 25,000
    FERRELL HOSPTIAL COMMUNITY FOUNDATI
    1201 PINE STREET
    ELDORADO,IL62930     		N/A PUBLIC COMMUNITY HEALTH STATUS 11,250
    FIFTH STREET ELEMENTARY
    401 WEST 5TH STREET
    JASPER,IN47546     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 15,616
    HILLCREST WASHINGTON YOUTH HOME
    2700 W INDIANA ST
    EVANSVILLE,IN47712     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 5,000
    HOLLY'S HOUSE INC
    PO BOX 4125
    EVANSVILLE,IN47724     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 17,500
    HOLY NAME OF JESUS CATHOLIC CHURCH
    511 SECOND STREET
    HENDERSON,KY42420     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,500
    HOSPITALITY & OUTREACH FOR LATIN AM
    123 MAIN ST
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,500
    IMPACT MINISTRIES
    720 SE EIGHTH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 6,925
    IVY TECH FOUNDATION INC
    3501 NORTH FIRST AVENUE
    EVANSVILLE,IN47710     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 5,625
    KOCH FAMILY CHILDREN'S MUSEUM OF EV
    PO BOX 122
    EVANSVILLE,IN47701     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 60,000
    LAMPION CENTER
    655 S HEBRON AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 45,386
    LODGE COMMUNITY SCHOOL
    2000 LODGE AVE
    EVANSVILLE,IN47714     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 15,191
    LUCE ELEMENTARY
    1057 NORTH COUNTY ROAD 70
    RICHLAND,IN47634     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 31,245
    MARIAN EDUCATIONAL OUTREACH
    520 S BENNIGHOF AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 6,486
    MEDIA MINISTRIES INC
    4630 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 30,500
    MENTORS 4 KIDS INC
    610 N MCLEANSBORO ST PO
    BENTON,IL62812     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 6,500
    MT CARMEL HIGH SCHOOL
    201 PEAR STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 21,685
    MULBERRY CENTER INC
    415 SE FOURTH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 5,010
    NORRIS CITY - OMAHA ELEMENTARY
    580 US 45
    NORRIS CITY,IL62869     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 30,445
    OAK HILL BAPTIST CHURCH
    4615 OAK HILL ROAD
    EVANSVILLE,IN47711     		N/A PUBLIC HEALTH MINISTRIES 600
    OLD LIBERTY CHURCH PRESERVATION SOC
    701 OAK STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 1,250
    OTTER CREEK BAPTIST CHURCH
    4245 SMITH ROAD
    BOONVILLE,IN47601     		N/A PUBLIC HEALTH MINISTRIES 400
    PERRY CENTRAL ELEMENTARY
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,375
    PERRY CENTRAL HIGH SCHOOL
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 18,220
    POTTER'S WHEEL
    333 JEFFERSON AVE
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 12,500
    PRECIOUS BLOOD CATHOLIC CHURCH
    1385 W 6TH STREET
    JASPER,IN47546     		N/A PUBLIC HEALTH MINISTRIES 400
    ROTARY FOUNDATION OF EVANSVILLE
    PO BOX 1131
    EVANSVILLE,IN47706     		N/A PUBLIC COMMUNITY HEALTH STATUS 20,000
    SOUTH ELEMENTARY SCHOOL
    715 W 3RD STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,125
    ST HENRY CATHOLIC CHURCH
    1311 W 1100 S
    FERDINAND,IN47532     		N/A PUBLIC HEALTH MINISTRIES 778
    ST JOHN'S LUTHERAN CHURCH
    5015 E STATE RD 56
    DUBOIS,IN47527     		N/A PUBLIC HEALTH MINISTRIES 1,000
    ST MATTHEW CHURCH AND SCHOOL
    401 MULBERRY STREET
    MT VERNON,IN47620     		N/A PUBLIC HEALTH MINISTRIES 800
    ST PETER'S UNITED CHURCH OF CHRIST
    7014 DARMSTADT ROAD
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTH MINISTRIES 771
    ST PETER'S UNITED CHURCH OF CHRIST
    7014 DARMSTADT ROAD
    EVANSVILLE,IN47710     		N/A PUBLIC HEALTH MINISTRIES 600
    TELL CITY JR HIGH SCHOOL
    900 12TH STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 16,395
    THE WAY OF ROCKPORT INDIANA INC
    PO BOX 506 718 CENTER ST
    ROCKPORT,IN47635     		N/A PUBLIC COMMUNITY HEALTH STATUS 2,500
    TRI-STATE MEN'S CENTER
    1229 BELLEMEADE
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 5,000
    TTT CHRISTIAN YOUTH MINISTRIES INC
    13000 US HWY 41 N
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 7,500
    TULIP TREE HEALTH SERVICES
    123 N MCCREARY STREET
    FT BRANCH,IN47648     		N/A PUBLIC COMMUNITY HEALTH STATUS 10,000
    UNITED METHODIST YOUTH HOME INC
    2521 N BURKHARDT RD
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 15,000
    UNITED METHODIST YOUTH HOME INC
    2521 N BURKHARDT RD
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 20,000
    VANDERBURGH COUNTY CASA INC
    728 COURT STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 9,000
    VISITING NURSE ASSOCIATION
    610 E WALNUT STREET
    EVANSVILLE,IN477343487     		N/A PUBLIC COMMUNITY HEALTH STATUS 13,389
    VOLUNTEERS OF AMERICA OF INDIANA
    927 N PENNSYLVANIA STREE
    INDIANAPOLIS,IN46204     		N/A PUBLIC COMMUNITY HEALTH STATUS 6,250
    WADESVILLE CENTER TOWNSHIP VOLUNTEE
    PO BOX 180
    WADESVILLE,IN47638     		N/A PUBLIC COMMUNITY HEALTH STATUS 4,000
    WESSELMAN NATURE SOCIETY
    551 N BOEKE ROAD
    EVANSVILLE,IN47711     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 12,000
    WILLIAM TELL ELEMENTARY
    1235 31ST STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,375
    WOOD MEMORIAL HIGH SCHOOL
    934 SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 18,470
    WOOD MEMORIAL JR HIGH
    954A SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 1,375
    YMCA OF SOUTHWESTERN INDIANA
    222 NW SIXTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY FITNESS 5,625
    YOUNG LIFE
    PO BOX 4375
    EVANSVILLE,IN47724     		N/A PUBLIC FAITH BASED 17,250
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION
    118 VINE STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 51,250
    YOUTH RESOURCES OF SOUTHWESTERN IND
    PO BOX 3635
    EVANSVILLE,IN477353635     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 10,250
    Total .................................bullet 3a 3,657,791
    bApproved for future payment
    ARK CRISIS PREVENTION NURSERY
    415 LINCOLN AVENUE
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 5,000
    BIG BROTHERSBIG SISTERS
    101 PLAZA EAST BLVD SUIT
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 15,000
    BREAD OF LIFE
    PO BOX 12
    LYNVILLE,IN47619     		N/A PUBLIC FAITH BASED 57,500
    CARVER COMMUNITY ORGANIZATION
    400 SE 8TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 71,250
    CHRIST THE KING SCHOOL
    3101 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 5,350
    COMMUNITY COORDINATED CHILD CARE
    600 SE 6TH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 465,000
    CRISIS PREGNANCY CENTER OF HENDERSO
    603 CENTER STREET
    HENDERSON,KY42420     		N/A PUBLIC FAITH BASED 30,500
    DALE PRESPYTERIAN CHURCH
    PO BOX 426
    DALE,IN47523     		N/A PUBLIC FAITH BASED 25,000
    ECHO COMMUNITY HEALTH CARE
    315 MULBERRY ST
    EVANSVILLE,IN47714     		N/A PUBLIC COMMUNITY HEALTH STATUS 89,459
    ENCOUNTERING HOPE MINISTRIES INC
    304 NORTH SECOND STREET
    BOONVILLE,IN47601     		N/A PUBLIC FAITH BASED 17,500
    EVANSVILLE CHRISTIAN LIFE CENTER
    509 S KENTUCKY AVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 48,250
    EVANSVILLE RESCUE MISSION
    500 EAST WALNUT STREET
    EVANSVILLE,IN47713     		N/A PUBLIC COMMUNITY HEALTH STATUS 75,000
    FERRELL HOSPTIAL COMMUNITY FOUNDATI
    1201 PINE STREET
    ELDORADO,IL62930     		N/A PUBLIC COMMUNITY HEALTH STATUS 33,750
    FIFTH STREET ELEMENTARY
    401 WEST 5TH STREET
    JASPER,IN47546     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 6,154
    GOOD NEWS JAIL & PRISON MINISTRY
    3500 N HARLAN AVENUE
    EVANSVILLE,IN47711     		N/A PUBLIC FAITH BASED 40,000
    HILLCREST WASHINGTON YOUTH HOME
    2700 W INDIANA ST
    EVANSVILLE,IN47712     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 20,000
    HOLLY'S HOUSE INC
    PO BOX 4125
    EVANSVILLE,IN47724     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 32,500
    HOLY NAME OF JESUS CATHOLIC CHURCH
    511 SECOND STREET
    HENDERSON,KY42420     		N/A PUBLIC COMMUNITY HEALTH STATUS 22,500
    HOSPITALITY & OUTREACH FOR LATIN AM
    123 MAIN ST
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY HEALTH STATUS 22,500
    IMPACT MINISTRIES
    720 SE EIGHTH STREET
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 20,775
    IVY TECH FOUNDATION INC
    3501 NORTH FIRST AVENUE
    EVANSVILLE,IN47710     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 16,875
    KOCH FAMILY CHILDREN'S MUSEUM OF EV
    PO BOX 122
    EVANSVILLE,IN47701     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 180,000
    LAMPION CENTER
    655 S HEBRON AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 99,809
    LODGE COMMUNITY SCHOOL
    2000 LODGE AVE
    EVANSVILLE,IN47714     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 4,579
    LUCE ELEMENTARY
    1057 NORTH COUNTY ROAD 70
    RICHLAND,IN47634     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 7,875
    MARIAN EDUCATIONAL OUTREACH
    520 S BENNIGHOF AVE
    EVANSVILLE,IN47714     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 19,458
    MEDIA MINISTRIES INC
    4630 BAYARD PARK DRIVE
    EVANSVILLE,IN47714     		N/A PUBLIC FAITH BASED 61,500
    MENTORS 4 KIDS INC
    610 N MCLEANSBORO ST PO
    BENTON,IL62812     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 24,500
    MT CARMEL HIGH SCHOOL
    201 PEAR STREET
    MT CARMEL,IL62863     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 6,210
    NORRIS CITY - OMAHA ELEMENTARY
    580 US 45
    NORRIS CITY,IL62869     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 8,675
    OLD LIBERTY CHURCH PRESERVATION SOC
    701 OAK STREET
    EVANSVILLE,IN47713     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 3,750
    PERRY CENTRAL HIGH SCHOOL
    18677 OLD STATE ROAD 37
    LEOPOLD,IN47551     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 5,500
    POTTER'S WHEEL
    333 JEFFERSON AVE
    EVANSVILLE,IN47713     		N/A PUBLIC FAITH BASED 37,500
    REACH OUT AND READ INC
    56 ROLAND STREET SUITE 1
    BOSTON,MA02129     		N/A PUBLIC EARLY CHILDHOOD DEVELOPMENT 12,500
    RIGHT TO LIFE OF SOUTHWEST INDIANA
    20 NW FOURTH STREET SUIT
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 18,000
    ST MARY'S FOUNDATION
    3700 WASHINGTON AVE
    EVANSVILLE,IN47750     		N/A PUBLIC HEALTH MINISTRIES 20,000
    ST RAPHAEL CATHOLIC CHURCH
    5564 E ST RAPHAEL STREE
    DUBOIS,IN47527     		N/A PUBLIC HEALTH MINISTRIES 400
    TELL CITY JR HIGH SCHOOL
    900 12TH STREET
    TELL CITY,IN47586     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 5,375
    THE WAY OF ROCKPORT INDIANA INC
    PO BOX 506 718 CENTER ST
    ROCKPORT,IN47635     		N/A PUBLIC COMMUNITY HEALTH STATUS 7,500
    TTT CHRISTIAN YOUTH MINISTRIES INC
    13000 US HWY 41 N
    EVANSVILLE,IN47725     		N/A PUBLIC FAITH BASED 22,500
    TULIP TREE HEALTH SERVICES
    123 N MCCREARY STREET
    FT BRANCH,IN47648     		N/A PUBLIC COMMUNITY HEALTH STATUS 30,000
    VISITING NURSE ASSOCIATION
    610 E WALNUT STREET
    EVANSVILLE,IN477343487     		N/A PUBLIC COMMUNITY HEALTH STATUS 40,167
    VOLUNTEERS OF AMERICA OF INDIANA
    927 N PENNSYLVANIA STREE
    INDIANAPOLIS,IN46204     		N/A PUBLIC COMMUNITY HEALTH STATUS 18,750
    WADESVILLE CENTER TOWNSHIP VOLUNTEE
    PO BOX 180
    WADESVILLE,IN47638     		N/A PUBLIC COMMUNITY HEALTH STATUS 1,000
    WELBORN BAPTIST FOUNDATION
    21 SE 3RD STREET
    EVANSVILLE,IN47708     		N/A PUBLIC IMPROVED PHYSICAL ACTIVITY AND NUTRI 129,825
    WOOD MEMORIAL HIGH SCHOOL
    934 SOUTH FRANKLIN ST
    OAKLAND CITY,IN47660     		N/A PUBLIC SCHOOL BASED HEALTH PROGRAM 5,250
    YMCA OF SOUTHWESTERN INDIANA
    222 NW SIXTH STREET
    EVANSVILLE,IN47708     		N/A PUBLIC COMMUNITY FITNESS 16,875
    YOUNG LIFE
    PO BOX 4375
    EVANSVILLE,IN47724     		N/A PUBLIC FAITH BASED 51,750
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION
    118 VINE STREET
    EVANSVILLE,IN47708     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 118,750
    YOUTH FIRST INC
    3220 E MORGAN AVE SUITE
    EVANSVILLE,IN47715     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 420,000
    YOUTH RESOURCES OF SOUTHWESTERN IND
    PO BOX 3635
    EVANSVILLE,IN477353635     		N/A PUBLIC HEALTHY ADOLESCENT DEVELOPMENT 18,750
    Total .................................bullet 3b 2,516,611
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 3,912,447  
    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 1,162,198  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aDISCONTINUED OPERATIONS     18 57,069  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   5,131,714  
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,131,714
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    WELBORN BAPTIST FOUNDATION INC
     
    Employer identification number

    35-2056722
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
          		Employer identification number

    35-2056722
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    INDIANA STATE DEPT OF HEALTH    
    2 NORTH MERIDIAN STREET
       
    INDIANAPOLIS, IN   46204

    		$1,100,662


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    DEPT OF HEALTH AND HUMAN SERVICES    
    7700 WISCONSIN AVENUE
       
    BETHESDA, MD   20814

    		$54,088


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
          		Employer identification number

    35-2056722
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    WELBORN BAPTIST FOUNDATION INC
          		Employer identification number

    35-2056722
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2012 AccountingFeesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL AUDIT 6,635     9,670
    SINGLE AUDIT 4,500     4,500
    JOURNAL ENTRY REVIEW 4,086     4,086

    TY 2012 CompensationExplanation
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Person Name Explanation
    W HAROLD CALLOWAY  
    LISA N COLLINS  
    JOHN M DUNN  
    RITA EYKAMP  
    C MARK HUBBARD  
    THOMAS KAZEE  
    E LYNN JOHNSON  
    MARILYN KLENCK  
    DAVID L KNAPP  
    CONNIE K NASS  
    JOHN D PULCINI MD FACS  
    ELLIS S REDD  
    RONALD ROMAIN  
    DANIEL SCHENK  
    JALEIGH J WHITE  
    KEVIN BAIN  
    JOHN C SCHROEDER  
    CARRIE ELLSPERMAN  
    NORM BAFUNNO  
    LINDA BENNETT  

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    TY 2012 DepreciationSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER WORK STATIONS 2004-04-25 2,875 2,875 STRAIGHT LINE 5.0000        
    COMPUTER WORK STATION 2006-03-23 8,388 8,388 STRAIGHT LINE 3.0000        
    COMPUTER WORK STATION 2007-10-16 3,143 3,143 STRAIGHT LINE 3.0000        
    COMPUTER WORKSTATION 2008-05-15 2,744 2,744 STRAIGHT LINE 3.0000        
    COMPUTER WORKSTATION 2008-11-21 2,097 2,097 STRAIGHT LINE 3.0000        
    COMPUTER WORKSTATION 2009-02-20 2,816 2,739 STRAIGHT LINE 3.0000 78      
    COMPUTER WORKSTATION 2009-07-28 1,599 1,599 STRAIGHT LINE 3.0000        
    COMPUTER WORKSTATION 2010-04-23 2,396 1,397 STRAIGHT LINE 3.0000 798      
    COMPUTER WORKSTATION 2010-06-14 1,415 747 STRAIGHT LINE 3.0000 472      
    COMPUTER WORKSTATION 2011-01-17 1,522 507 STRAIGHT LINE 3.0000 507      
    COMPUTER WORKSTATION 2011-02-14 3,634 1,111 STRAIGHT LINE 3.0000 1,212      
    COMPUTER WORKSTATION 2011-12-19 1,249 35 STRAIGHT LINE 3.0000 416      
    COMPUTER WORKSTATION 2012-11-19 3,082   STRAIGHT LINE 5.0000 171      
    COMPUTER WEB SERVER 2004-04-25 824 824 STRAIGHT LINE 5.0000        
    COMPUTER WEB SERVER 2007-06-26 2,055 2,055 STRAIGHT LINE 5.0000        
    TELECOMMUNICATIONS EQUIPMENT 2004-04-25 5,608 5,608 STRAIGHT LINE 7.0000        
    TELECOMMUNICATIONS EQUIPMENT 2008-07-30 8,580 3,984 STRAIGHT LINE 7.0000 1,226      
    FURNITURE 2004-04-25 50,826 50,826 STRAIGHT LINE 10.0000        
    FURNITURE 2008-10-20 3,852 1,254 STRAIGHT LINE 10.0000 386      
    FURNITURE 2008-11-10 29,001 9,183 STRAIGHT LINE 10.0000 2,900      
    FURNITURE 2008-11-21 1,068 339 STRAIGHT LINE 10.0000 107      
    FURNITURE 2008-11-24 9,436 2,989 STRAIGHT LINE 10.0000 944      
    FURNITURE 2008-12-17 19,697 6,073 STRAIGHT LINE 10.0000 1,970      
    FURNITURE 2009-01-27 1,544 662 STRAIGHT LINE 10.0000 221      
    FURNITURE 2010-12-27 4,599 406 STRAIGHT LINE 10.0000 443      
    FURNITURE 2011-03-08 8,694 724 STRAIGHT LINE 10.0000 869      
    FURNITURE 2012-01-02 785   STRAIGHT LINE 10.0000 78      
    FURNITURE 2012-11-19 594   STRAIGHT LINE 10.0000        
    FURNISHINGS 2004-04-25 14,421 14,421 STRAIGHT LINE 10.0000        
    FURNISHINGS 2008-11-10 949 301 STRAIGHT LINE 10.0000 95      
    FURNISHINGS 2009-01-27 1,811 543 STRAIGHT LINE 10.0000 181      
    FURNISHINGS 2010-12-07 2,274 2,274 STRAIGHT LINE 10.0000        
    LEASEHOLD IMPROVEMENTS 2004-04-25 53,267 37,407 STRAIGHT LINE 15.0000 4,879      
    LEASEHOLD IMPROVEMENTS 2008-12-31 202,814 38,310 STRAIGHT LINE 15.0000 13,521      
    LEASEHOLD IMPROVEMENTS 2009-02-20 27,209 5,139 STRAIGHT LINE 15.0000 1,814      
    LEASEHOLD IMPROVEMENTS 2012-02-26 2,890   STRAIGHT LINE 15.0000 139      
    ELECTRONICS EQUIPMENT 2006-03-13 1,582 1,582 STRAIGHT LINE 3.0000        
    ELECTRONICS EQUIPMENT 2012-02-12 17,255   STRAIGHT LINE 5.0000 3,163      
    ELECTRONICS EQUIPMENT 2012-03-15 1,510   STRAIGHT LINE 5.0000 252      
    SOFTWARE 2004-04-25 514 514 STRAIGHT LINE 5.0000        
    SOFTWARE 2004-04-25 1,153 1,153 STRAIGHT LINE 3.0000        
    SOFTWARE 2009-01-09 4,666 4,666 STRAIGHT LINE 3.0000        
    SOFTWARE 2009-01-27 5,144 5,001 STRAIGHT LINE 3.0000 143      
    SOFTWARE 2009-12-31 1,065 740 STRAIGHT LINE 3.0000 326      
    SOFTWARE 2010-03-18 547 334 STRAIGHT LINE 3.0000 182      
    SOFTWARE 2010-04-21     STRAIGHT LINE 3.0000        
    SOFTWARE 2012-04-30 31,887   STRAIGHT LINE 3.0000 7,596      
    COMPUTER OFFICE SERVER 2004-04-25 2,422 2,422 STRAIGHT LINE 5.0000        
    COMPUTER OFFICE SERVER 2005-04-11 6,156 6,156 STRAIGHT LINE 5.0000        
    COMPUTER OFFICE SERVER 2005-06-01 536 536 STRAIGHT LINE 5.0000        
    COMPUTER OFFICE SERVER 2007-12-26 1,278 1,278 STRAIGHT LINE 3.0000        
    COMPUTER OFFICE SERVER 2008-01-17 8,770 8,770 STRAIGHT LINE 3.0000        
    COMPUTER OFFICE SERVER 2008-07-29 5,650 3,955 STRAIGHT LINE 5.0000 1,130      
    COMPUTER OFFICE SERVER 2008-09-11 2,966 2,966 STRAIGHT LINE 3.0000        
    COMPUTER OFFICE SERVER 2009-02-10 4,737 4,605 STRAIGHT LINE 3.0000 132      
    COMPUTER OFFICE SERVER 2010-03-18 3,095 2,112 STRAIGHT LINE 3.0000 984      
    COMPUTER OFFICE SERVER 2010-04-07 896 523 STRAIGHT LINE 3.0000 299      
    COMPUTER OFFICE SERVER 2012-01-11 4,220   STRAIGHT LINE 5.0000 844      
    COMPUTER OFFICE SERVER 2012-01-16 1,296   STRAIGHT LINE 5.0000 259      
    COMPUTER OFFICE SERVER 2012-02-05 9,282   STRAIGHT LINE 5.0000 1,702      
    PAINTINGS 2004-04-25 372 372 STRAIGHT LINE 10.0000        
    DRAPERIES 2004-04-25 1,095 1,095 STRAIGHT LINE 7.0000        
    TELEVISION & VCRS 2004-04-25 348 348 STRAIGHT LINE 5.0000        
    FAX MACHINE 2004-04-25 17 17 STRAIGHT LINE 5.0000        
    FAX MACHINE 2009-03-18 599 310 STRAIGHT LINE 5.0000 120      
    TYPEWRITER 2004-04-25 96 96 STRAIGHT LINE 5.0000        
    COPIER 2004-04-25 4,436 4,436 STRAIGHT LINE 7.0000        
    COPIER 2008-06-11 11,289 5,778 STRAIGHT LINE 7.0000 1,613      
    OFFICE APPLIANCES 2004-04-25 172 172 STRAIGHT LINE 5.0000        
    OFFICE APPLIANCES 2008-10-29 2,225 1,236 STRAIGHT LINE 5.0000 655      
    OFFICE APPLIANCES 2012-02-20 2,100   STRAIGHT LINE 5.0000 385      

    TY 2012 EmployeeCompensationExpln
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Employee Explanation
    GARY BAUER  
    PATRICK JACKSON  
    RHONDA MEADE  
    ANDREA HAYS  
    ELIZABETH THARP  

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    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-01   3,376 3,376        
    UNITED DOM RLTY10/7/2004 5.000 1/15/ 2004-10 PURCHASE 2012-01   223,000 221,990     1,010  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-01   9 9        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-01   51 51        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-01   162 162        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-01   76 76        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-01   109 109        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-01   78 78        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-01   147 147        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-01   224 224        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-01   288 288        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-01   719 719        
    FNR G92-12 B2/1/1992 7.700 2/25/2022 2004-04 DONATION 2012-01   40 40        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-01   651 651        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-01   109 109        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-01   105 105        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-01   781 781        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-01   133 133        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-01   623 623        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-01   1,838 1,838        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-01   1,233 1,233        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-01   142 142        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-01   523 523        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-01   501 501        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-01   1,108 1,108        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-01   858 858        
    JPMCC 2002-C3 A212/1/2002 4.994 7/12 2011-06 PURCHASE 2012-01   222 222        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-01   140 140        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-01   1,205 1,205        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-01   922 922        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-01   1,051 1,051        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-01   1,077 1,077        
    FG G0-649905/01/11 4.000 03/01/41 2011-10 PURCHASE 2012-01   650 650        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-01   816 816        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-01   460 460        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-01   2,169 2,169        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-01   2,308 2,308        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2012-01   2,737 2,737        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2012-01   274 274        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-01   745 745        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-01   641 641        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-01   760 760        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-01   4,249 4,249        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-01   3,446 3,446        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-01   2,177 2,177        
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-01   2,221 2,221        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-01   2,246 2,246        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-01   1,423 1,423        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-01   6,444 6,444        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-01   12,197 12,197        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-01   4,934 4,934        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-01   3,610 3,610        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2012-01   6,653 6,653        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-01   3,885 3,885        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-01   2,565 2,565        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-01   1,979 1,979        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-01   3,117 3,117        
    CONTINENTAL AIRLS PASS THRUPASS THRU 2006-03 PURCHASE 2012-01   12,858 12,858        
    GCCFC 2002-C1 A412/1/2002 4.948 1/11 2010-09 PURCHASE 2012-01   5,963 5,963        
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-01   35,335 35,469     -134  
    UNITED STATES TREAS NTS08/15/11 2.12 2012-01 PURCHASE 2012-01   136,900 135,604     1,296  
    UNITED STATES TREAS NTS08/15/11 2.12 2012-01 PURCHASE 2012-01   188,702 185,828     2,874  
    UNITED STATES TREAS NTS08/15/11 2.12 2012-01 PURCHASE 2012-01   210,732 205,917     4,815  
    UNITED STATES TREAS NTS08/15/11 2.12 2012-01 PURCHASE 2012-01   97,659 95,425     2,234  
    ICM SMALL COMPANY PORT-IN 2004-04 DONATION 2012-02   430,000 464,845     -34,845  
    ADVISORS INNER CIRCLE FD IIPERIMETER 2008-06 PURCHASE 2012-02   2,882,358 3,316,707     -434,349  
    ADVISORS INNER CIRCLE FD IIPERIMETER 2011-12 PURCHASE 2012-02   706,682 614,398     92,284  
    AMERICAN INDEPENDENCE US INFLAT-ION 2010-12 PURCHASE 2012-02   6,909,000 6,763,300     145,700  
    LAUDUS MONDR INTL FXD INC - INST 2010-11 PURCHASE 2012-02   684,000 692,009     -8,009  
    PIMCO FOREIGN BOND FUNDINSTITUTIONAL 2008-09 PURCHASE 2012-02   721,000 663,752     57,248  
    VANGUARD REIT INDEX FUND 2007-07 PURCHASE 2012-02   550,000 587,249     -37,249  
    VANGUARD INSTITUTIONAL INDEXFUND 94 2004-04 PURCHASE 2012-02   4,467,000 3,765,705     701,295  
    MUTUAL FUND RECEIVABLESEQUITY 2012-02 PURCHASE 2012-02   669,000 669,000        
    FREDDIE MAC10/12/10 VAR 10/12/12 2010-10 PURCHASE 2012-02   495,277 495,000     277  
    FANNIE MAE9/13/10 VAR 9/13/12 2010-09 PURCHASE 2012-02   235,260 235,047     213  
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-02   3,333 3,333        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-02   813 813        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-02   1,508 1,508        
    UNITED STATES TREAS NTS10/31/11 1.00 2012-02 PURCHASE 2012-02   192,147 192,946     -799  
    MORGAN STANLEY FDIC02/11/09 VAR 02/1 2010-08 PURCHASE 2012-02   240,000 241,433     -1,433  
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2012-02   192,333 170,636     21,697  
    JPMCC 2002-C3 A212/1/2002 4.994 7/12 2011-06 PURCHASE 2012-02   228 228        
    GCCFC 2002-C1 A412/1/2002 4.948 1/11 2010-09 PURCHASE 2012-02   4,236 4,236        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-02   687 687        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-02   1,948 1,948        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-02   168 168        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-02   1,710 1,710        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-02              
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-02   3,686 3,686        
    FREDDIE MAC12/12/07 5.500 12/01/37 2007-12 PURCHASE 2012-02   5,599 5,440     159  
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-02   917 917        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-02   5,474 5,474        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-02   342 342        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-02   661 661        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-02   737 737        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-02   2,310 2,310        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-02   2,368 2,368        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-02   2,242 2,242        
    FEDERAL HOME LOAN BANK05/16/11 0.500 2011-05 PURCHASE 2012-02   195,000 195,000        
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-02   400,328 400,834     -506  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-02   249 249        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-02   225 225        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2011-04 PURCHASE 2012-02   1,346 1,346        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-02   895 895        
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-02   25,825 25,938     -113  
    US TREASURY BILL08/24/11 0.000 02/23 2011-12 PURCHASE 2012-02   15,000 15,000        
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-02   1,036 1,036        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-02   159 159        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-02   3,857 3,857        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-02   1,368 1,368        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2003-03 PURCHASE 2012-02   967 967        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-02   19 19        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-02   2,149 2,149        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-02   51 51        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-02   273 273        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-02   75 75        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-02   288 288        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-02   1,518 1,518        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-02   155 155        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-02   3,239 3,239        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-02   8 8        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-02   109 109        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-02   133 133        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-02   105 105        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-02   1,900 1,900        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-02   3,015 3,015        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-02   228 228        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-02   1,905 1,905        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-02   1,574 1,574        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-02   1,787 1,787        
    FNR G92-12 B2/1/1992 7.700 2/25/2022 2004-04 DONATION 2012-02   18 18        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-02   3,449 3,449        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-02   3,889 3,889        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-02   71 71        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-02   1,228 1,228        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-02   2,107 2,107        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-02   2,607 2,607        
    KEYCORP STUDENT LN TR09/24/02 VAR 08 2011-03 PURCHASE 2012-02   1,184 1,184        
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-03   5 5        
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-03   32,288 32,423     -135  
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-03   32,288 32,423     -135  
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-03   38,757 38,908     -151  
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-03   1,369 1,369        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-03   3,086 3,086        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-03   823 823        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-02   3,330 3,330        
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-03   58,151 58,362     -211  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-02 PURCHASE 2012-03   104,979 105,728     -749  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-03   95,111 95,658     -547  
    JPMCC 2002-C3 A212/1/2002 4.994 7/12 2011-06 PURCHASE 2012-03   268 268        
    GCCFC 2002-C1 A412/1/2002 4.948 1/11 2010-09 PURCHASE 2012-03   10,506 10,506        
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-03   32,315 32,423     -108  
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-08 PURCHASE 2012-03   32,321 32,423     -102  
    CONTINENTAL AIRLINES INC6/17/1999 6. 2005-12 PURCHASE 2012-03   3,914 3,914        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-03   8,119 8,119        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-03   1,645 1,645        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-03   6,163 6,163        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-03   597 597        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-03   935 935        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-03   714 714        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-03   2,930 2,930        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-03   1,074 1,074        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-03   330 330        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-03   300 300        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-03   1,523 1,523        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-03   725 725        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-03   5,270 5,270        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-03   3,096 3,096        
    TSY INFL IX N/B7/15/2002 3.000 7/15/ 2011-09 PURCHASE 2012-03   90,488 90,785     -297  
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-03   1,582 1,582        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-03   1,116 1,116        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-03   1,111 1,111        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-03   1,094 1,094        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-03   115 115        
    FNR G92-12 B2/1/1992 7.700 2/25/2022 2004-04 DONATION 2012-03   15 15        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-03   2,726 2,726        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-03   1,760 1,760        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-03   127 127        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-03   175 175        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-03   79 79        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-03   290 290        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-03   6,613 6,613        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-03   2,539 2,539        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-03   4,995 4,995        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-03   8 8        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-03   147 147        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-03   168 168        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-03   142 142        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-03   215 215        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-03   2,821 2,821        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-03   530 530        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-03   13,816 13,816        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-03   2,481 2,481        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-03   1,659 1,659        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-03   1,775 1,775        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-03   3,979 3,979        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-03   50 50        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-03   742 742        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-03   3,128 3,128        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-03   159 159        
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-03   739 739        
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-03   208,031 210,438     -2,407  
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-03   2,180 2,180        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-03   2,156 2,156        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-03   2,974 2,974        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-03   19 19        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-03   3,679 3,679        
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-03   191,031 196,351     -5,320  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-03   16 16        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2012-04   2,511 2,511        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2012-04   251 251        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-04   827 827        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-04   2,214 2,214        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-04   3,425 3,425        
    TREASURY BILL04/07/11 0.000 04/05/12 2012-03 PURCHASE 2012-04   689,975 689,975        
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-04   134,320 135,281     -961  
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-04   219 219        
    JPMCC 2002-C3 A212/1/2002 4.994 7/12 2011-06 PURCHASE 2012-04   228 228        
    US TREASURY BILLDUE 04/12/2012 2012-01 PURCHASE 2012-04   49,997 49,997        
    GCCFC 2002-C1 A412/1/2002 4.948 1/11 2010-09 PURCHASE 2012-04   11,326 11,326        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-04   6,478 6,478        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-04   7,463 7,463        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-04   820 820        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-04   1,212 1,212        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-04   744 744        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-04   2,003 2,003        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-04   508 508        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-04   2,445 2,445        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-04   430 430        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-04   2,423 2,423        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-04   1,414 1,414        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-04   925 925        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-04              
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-04   2,898 2,898        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-04   1,487 1,487        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-04   248 248        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-04   1,026 1,026        
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-04   70,495 70,336     159  
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-04   1,722 1,722        
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-04   1,549 1,549        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-04   4,668 4,668        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-04   239 239        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2005-03 PURCHASE 2012-04   1,618 1,618        
    FNR G92-12 B2/1/1992 7.700 2/25/2022 2004-04 DONATION 2012-04   22 22        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-04   480 480        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-04   20 20        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-04   2,692 2,692        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-04   771 771        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-04   261 261        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-04   129 129        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-04   77 77        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-04   291 291        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-04   633 633        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-04   3,433 3,433        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-04   8,092 8,092        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-04   5,837 5,837        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-04   111 111        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-04   134 134        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-04   106 106        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-04   215 215        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-04   185 185        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-04   487 487        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-04   13,849 13,849        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-04   1,561 1,561        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-04   903 903        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-04   2,570 2,570        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-04   2,124 2,124        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-04   1,735 1,735        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-04   2,682 2,682        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-04   3,134 3,134        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-04   235 235        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-04   3,979 3,979        
    US TREASURY BILLDUE 04/26/2012 2012-02 PURCHASE 2012-04   14,999 14,999        
    FEDERAL HOME LOAN BANK03/27/12 0.500 2012-03 PURCHASE 2012-04   200,000 200,000        
    FEDERAL HOME LOAN BANK03/27/12 0.600 2012-03 PURCHASE 2012-04   200,000 200,000        
    PRIVATE EXPORT FUNDING09/29/11 2.800 2011-09 PURCHASE 2012-04   72,265 69,781     2,484  
    FEDERAL HOME LOAN BANK02/28/12 0.500 2012-02 PURCHASE 2012-04   205,000 204,898     102  
    CITIGROUP FDG INC01/30/09 VAR 04/30/ 2009-10 PURCHASE 2012-04   80,000 80,730     -730  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-04   3 3        
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-05   4 4        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-05   1,125 1,125        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-05   3,821 3,821        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-05   2,512 2,512        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-05   232 232        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-05   3,800 3,800        
    KEYCORP STUDENT LN TR09/24/02 VAR 08 2011-03 PURCHASE 2012-05   1,231 1,231        
    ILLINOIS ST01/15/10 4.071 01/01/14TA 2010-04 PURCHASE 2012-05   77,576 75,670     1,906  
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-05   2,262 2,262        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-05   217 217        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-05   827 827        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-05   54 54        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-05   1,185 1,185        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-05   118 118        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-05   2,380 2,380        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-05   1,126 1,126        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-05   49 49        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-05   2,130 2,130        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-05   3,656 3,656        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-05   293 293        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-05   23,804 23,804        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-05   8,270 8,270        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-05   8 8        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-05   130 130        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-05   152 152        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-05   125 125        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-05   162 162        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-05   11,336 11,336        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-05   234 234        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-05   2,558 174     2,384  
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-05   1,348 1,348        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-05   206 206        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-05   1,829 1,829        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-05   829 829        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-05   2,236 2,236        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-05   2,772 2,772        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-05   1,347 1,347        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-05   849 849        
    JPMCC 2002-C3 A212/01/02 4.994 07/12 2011-06 PURCHASE 2012-05   8,565 8,921     -356  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-05   1,188 1,188        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-05   219 219        
    CSMC 2006-C1 A33/1/2006 VAR 2/15/203 2005-03 PURCHASE 2012-05   2,461 2,461        
    GCCFC 2002-C1 A412/01/02 4.948 01/11 2010-09 PURCHASE 2012-05   4,290 4,710     -420  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-05 PURCHASE 2012-05   122,722 120,587     2,135  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-05   133,148 130,636     2,512  
    FEDERAL HOME LOAN BANK04/16/12 1.000 2012-03 PURCHASE 2012-05   195,000 195,000        
    JPMCC 2002-C3 A212/01/02 4.994 07/12 2011-06 PURCHASE 2012-05   80,384 82,480     -2,096  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-03 PURCHASE 2012-05   91,656 90,440     1,216  
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-05   792 792        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-05   873 873        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-05   1,830 1,830        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-05   896 896        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-05   759 759        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-05   2,051 2,051        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-05   12,692 12,692        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-05   2,153 2,153        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-05   185 185        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-05   1,998 1,998        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-05   4,729 4,729        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-05   2,937 2,937        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-05   6,674 6,674        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-05   1,577 1,577        
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-02 PURCHASE 2012-05   218,244 216,052     2,192  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-02 PURCHASE 2012-05   76,107 75,367     740  
    GCCFC 2002-C1 A412/01/02 4.948 01/11 2010-09 PURCHASE 2012-05   66,472 72,232     -5,760  
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-05   383,028 380,679     2,349  
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-02 PURCHASE 2012-05   213,355 211,028     2,327  
    FEDERAL HOME LOAN BANK04/10/12 0.875 2012-03 PURCHASE 2012-05   195,000 195,000        
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-05   231 231        
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-05   187,490 185,905     1,585  
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-05   985 985        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-05   1,883 1,883        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-05   4,140 4,140        
    US TREASURY N/B11/15/11 2.000 11/15/ 2012-01 PURCHASE 2012-05   171,647 170,832     815  
    FREDDIE MAC11/04/11 0.700 11/04/13 2011-10 PURCHASE 2012-05   180,000 180,000        
    CALIFORNIA DEPT WTR RES PWR REV11/01 2011-09 PURCHASE 2012-05   176,750 182,424     -5,674  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-06   79 79        
    FANNIE MAE DISCOUNT NOTEDUE 06/27/12 2012-02 PURCHASE 2012-06   749,679 749,679        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-06   2,375 2,375        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-06   2,598 2,598        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-06   3,683 3,683        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-06   1,129 1,129        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-06   303 303        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-06   295 295        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-06   632 632        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-06   18,803 18,803        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-06   1,477 1,477        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-06   1,398       1,398  
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-06   2,102 2,102        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-06   108 108        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-06   112 112        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-06   9 9        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-06   2,671 2,671        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-06   250 250        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-06   7,938 7,938        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-06   1,202 1,202        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-06   70 70        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-06   196 196        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-06   391 391        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-06   1,593 1,593        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-06   2,729 2,729        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-06   22 22        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-06   863 863        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-06   16 16        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-06   1,642 1,642        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-06   823 823        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-06   139 139        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-06   2,235 2,235        
    CWALT INC SERIES 2007-22 2-A-167/27/ 2012-06 PURCHASE 2012-06   1,316 1,316        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-06   2,337 2,337        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-06   136 136        
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-06   131,701 128,412     3,289  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-06   247 247        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-06   1,384 1,384        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-06   692 692        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-06   1,164 1,164        
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-06   131,539 128,412     3,127  
    FANNIE MAE DISCOUNT NOTEDUE 06/27/12 2012-02 PURCHASE 2012-06   149,936 149,936        
    GCCFC 2006-GG7 A407/01/06 VAR 07/10/ 2011-08 PURCHASE 2012-06   96,199 92,072     4,127  
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-06   827 827        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-06   797 797        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-06   1,963 1,963        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-06   409 409        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-06   1,671 1,671        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-06   2,236 2,236        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-06   3,321 3,321        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-06   1,006 1,042     -36  
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-06   1,609 1,609        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-06   770 770        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-06   7,805 7,805        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-06   2,059 2,059        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-06   2,004 2,004        
    UNITED STATES TREAS NTS05/15/12 0.25 2012-05 PURCHASE 2012-06   74,692 74,751     -59  
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-06   3,103 3,103        
    FG G0-673709/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-06   105,372 102,024     3,348  
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-06   847 847        
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-06   222 222        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-06   4,053 4,053        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-06   2,811 2,811        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-06   927 927        
    COUNTRYWIDE FINL06/07/07 5.800 06/07 2008-07 PURCHASE 2012-06   50,000 46,875     3,125  
    FANNIE MAE DISCOUNT NOTEDUE 06/27/12 2012-02 PURCHASE 2012-06   99,957 99,957        
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-07   3 3        
    KEYCORP STUDENT LN TR09/24/02 VAR 08 2011-03 PURCHASE 2012-07   54,064 52,776     1,288  
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-07   5,298 5,298        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-07   1,989 1,989        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-07   2,205 2,205        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-07   1,879 1,879        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-07   1,160 1,160        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-07   230 230        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-07   1,721 1,721        
    MORGAN STANLEY ABS CAP I INC07/21/05 2010-11 PURCHASE 2012-07   1,870 1,870        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-07   309 309        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-07   485 485        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-07   824       824  
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-07   126 126        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-07   153 153        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-07   131 131        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-07   200 200        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-07   15 15        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-07   6,939 6,939        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-07   5,239 5,239        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-07   2,345 2,345        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-07   142 142        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-07   125 125        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-07   1,196 1,196        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-07   832 832        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-07   2,495 2,495        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-07   108 108        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-07   902 902        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-07   20 20        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-07   788 788        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-07   142 142        
    BANKAMERICA CAPDTD 12/23/96 8.000% D 2005-05 PURCHASE 2012-07   152,977 162,000     -9,023  
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-07   420 420        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-07   655 655        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-07   2,180 2,180        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-07   1,396 1,396        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-07   306 306        
    CSMC 2006-C1 A33/1/2006 VAR 2/15/203 2005-03 PURCHASE 2012-07   105,321 103,004     2,317  
    COMM 2007-C9 A408/01/07 VAR 12/10/49 2011-08 PURCHASE 2012-07   17,640 16,401     1,239  
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-07   973 973        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-07   2,541 2,541        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-07   962 962        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-07   247 247        
    CSMC 2006-C1 A33/1/2006 VAR 2/15/203 2005-03 PURCHASE 2012-07   623 623        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-07   943 943        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-07   266 266        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-07   2,830 2,830        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-07   1,170 1,170        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-07   2,878 2,878        
    FEDERAL HOME LOAN BANK05/15/12 0.500 2012-04 PURCHASE 2012-07   195,000 195,000        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-07   894 894        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-07   6,333 6,333        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-07   1,153 1,153        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-07   824 824        
    FEDERAL HOME LOAN BANK05/15/12 0.300 2012-05 PURCHASE 2012-07   195,000 195,000        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-07   2,019 2,019        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-07   1,962 1,962        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-07              
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-07   5,362 5,362        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-07   282,523 262,632     19,891  
    LLOYDS TSB BK PLC01/21/11 6.375 01/2 2011-01 PURCHASE 2012-07   114,217 99,701     14,516  
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-07   4,023 4,023        
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-07   242 242        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-07   1,016 1,016        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-07   2,059 2,059        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-07   6,021 6,021        
    CONTINENTAL AIRLS PASS THRUPASS THRU 2006-03 PURCHASE 2012-07   1,509 1,509        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2012-07   279 279        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2012-07   2,786 2,786        
    EDUCATIONAL FDG SOUTH INC NT04/28/11 2011-05 PURCHASE 2012-07   38,594 37,683     911  
    AQUILA INCDTD 1/1/03 11.875% DUE 7/1 2011-03 PURCHASE 2012-07   75,000 83,850     -8,850  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-08   3 3        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-08   2,685 2,685        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-08   4,716 4,716        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-08   2,335 2,335        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-08   198 198        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-08   3,482 3,482        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-08   1,715 1,715        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-08   1,885 1,885        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-08   537 537        
    MORGAN STANLEY ABS CAP I INC07/21/05 2010-11 PURCHASE 2012-08   3,473 3,473        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-08   283 283        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-08   2,075 2,075        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-08   2,549       2,549  
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-08   109 109        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-08   137 137        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-08   113 113        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-08   2 2        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-08   5,635 5,635        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-08   156 156        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-08   616 616        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-08   299 299        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-08   30 30        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-08   285 285        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-08   46 46        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-08   575 575        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-08   2,862 2,862        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-08   20 20        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-08   200 200        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-08   44 44        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-08   1,666 1,666        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-08   4,696 4,696        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-08   9,848 9,848        
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-08   2,388 2,388        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2003-03 PURCHASE 2012-08   728 728        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-08   1,980 1,980        
    SLM STUDENT LOAN06/21/06 VAR 10/25/4 2012-03 PURCHASE 2012-08   48,967 45,959     3,008  
    NORTHSTAR ED FIN INC DEL03/13/07 VAR 2011-04 PURCHASE 2012-08   49,105 48,125     980  
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-08   6,028 6,028        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-08   4,054 4,054        
    MORGAN STANLEY CAP11/01/07 5.809 12/ 2011-08 PURCHASE 2012-08   99,523 90,575     8,948  
    JPMC 2007 CIBC18 A43/01/2007 5.44 06 2009-11 PURCHASE 2012-08   204,975 153,745     51,230  
    GCCFC 2007-GG9 A43/01/2007 5.444 3/1 2007-11 PURCHASE 2012-08   101,805 88,650     13,155  
    CITIGROUP COML MTG07/01/07 5.8888 12 2009-02 PURCHASE 2012-08   203,622 106,292     97,330  
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-08   994 994        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-08   794 794        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-08   2,611 2,611        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-08   2,007 2,007        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-08   2,495 2,495        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-08   2,638 2,638        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-08   1,625 1,625        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-08   889 889        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-08   3,429 3,429        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-08   975 975        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-08   4,499 4,499        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-08   5,231 5,231        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-08   1,827 1,827        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-08   1,184 1,184        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-08   489 489        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-08   1,542 1,542        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-08   974 974        
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-08   476 476        
    FED HOME LOAN BK CON DISC NOTEDUE 08 2012-07 PURCHASE 2012-08   434,967 434,967        
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-08   225 225        
    GOLDMAN SACHS02/05/09 7.500 02/15/19 2009-01 PURCHASE 2012-08   23,752 19,616     4,136  
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-08   75,795 75,568     227  
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-08   40,694 39,619     1,075  
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-08   75,990 75,568     422  
    UNITED STATES TREAS NTS01/31/12 0.87 2012-02 PURCHASE 2012-08   71,131 70,530     601  
    NASC 1998-D6 A303/30/98 VAR 03/15/30 2010-10 PURCHASE 2012-08   112,879 124,034     -11,155  
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-08   1,263 1,263        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-08   4,124 4,124        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-08   935 935        
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-08   81,984 79,239     2,745  
    FEDERAL FARM CREDIT BANK08/22/11 0.4 2012-05 PURCHASE 2012-08   195,000 195,000        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-08   6,021 6,021        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-08   4,053 4,053        
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-09   4 4        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-09   2,068 2,068        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-09   4,249 4,249        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-09   4,186 4,186        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-09   258 258        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-09   1,707 1,707        
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-09   1,568 1,568        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-09   2,071 2,071        
    MORGAN STANLEY ABS CAP I INC07/21/05 2010-11 PURCHASE 2012-09   2,953 2,953        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-09   15,244 15,244        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-09   2,137       2,137  
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-09   240 240        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-09   109 109        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-09   138 138        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-09   114 114        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-09   16 16        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-09   5,953 5,953        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-09   250 250        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-09   983 983        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-09   3,298 3,298        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-09   30 30        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-09   214 214        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-09   452 452        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-09   1,620 1,620        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-09   3,926 3,926        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-09   22 22        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-09   517 517        
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-09   414 414        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-09   30 30        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-09   1,350 1,350        
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-09   120 120        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-09   949 949        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-09   2,109 2,109        
    WELLS FARGO HOME EQUITY ASSET09/01/0 2010-12 PURCHASE 2012-09   4,287 4,287        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-09   215 215        
    FHLB DISCOUNT NOTEDUE 09/21/12 2012-07 PURCHASE 2012-09   104,980 104,980        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-09   3,064 3,064        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-09   966 966        
    OPTION ONE MTG LN 2007-6 II-A-405/30 2008-06 PURCHASE 2012-09   116,875 132,344     -15,469  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-09   1,465 1,465        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-09   746 746        
    CONTINENTAL AIRLINES INC6/17/1999 6. 2004-12 PURCHASE 2012-09   1,234 1,234        
    ROYAL BK OF SCOTLAND PLC09/20/10 3.9 2010-09 PURCHASE 2012-09   127,580 119,752     7,828  
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-09   1,019 1,019        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-09   1,469 1,469        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-09   6,163 6,163        
    NEW PLAN EXCEL REALTY TR9/19/2005 5. 2005-09 PURCHASE 2012-09   280,000 279,773     227  
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-09   853 853        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-09   1,394 1,394        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-09   551 551        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-09   808 808        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-09   4,309 4,309        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-09   3,542 3,542        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-09   1,548 1,548        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-09   3,314 3,314        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-09   1,993 1,993        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-09   3,921 3,921        
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-09   115,292 113,906     1,386  
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-09   80,691 79,239     1,452  
    CWALT INC SERIES 2007-22 2-A-167/27/ 2009-02 PURCHASE 2012-09   117,369 55,069     62,300  
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-09   251 251        
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-09   226 226        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-09   4,810 4,810        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-09   1,935 1,935        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-09   890 890        
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-09   96,718 94,096     2,622  
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-09   71,233 69,334     1,899  
    US TREASURY BILL03/06/12 0.000 09/06 2012-08 PURCHASE 2012-09   89,994 89,994        
    FEDERAL HOME LOAN BANK08/06/12 .600 2012-07 PURCHASE 2012-09   66,667 66,667        
    FEDL HOME LOAN BK CONS DISC NT09/02/ 2012-07 PURCHASE 2012-09   284,948 284,948        
    CD 2007-CD5 A411/01/07 VAR 11/15/44 2009-03 PURCHASE 2012-09   170,624 87,725     82,899  
    UNITED STATES TREAS NTS08/31/12 0.62 2012-10 PURCHASE 2012-10   94,515 94,925     -410  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 DONATION 2012-10   9 9        
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-10   164,420 163,806     614  
    UNITED STATES TREAS NTS08/31/12 0.62 2012-10 PURCHASE 2012-10   89,273 89,929     -656  
    UNITED STATES TREAS NTS TIPS04/30/08 2012-04 PURCHASE 2012-10   185,858 186,595     -737  
    UNITED STATES TREAS NTS08/31/12 0.62 2012-10 PURCHASE 2012-10   94,421 94,925     -504  
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-10   180,196 178,697     1,499  
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-10   1,319 1,319        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-10   1,752 1,752        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-10   4,884 4,884        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-10   80 80        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-10   4,065 4,065        
    UNITED STATES TREAS NTS08/31/12 0.62 2012-10 PURCHASE 2012-10   94,497 94,925     -428  
    US TREASURY NOTE05/15/02 1.875 05/15 2012-05 PURCHASE 2012-10   180,501 178,697     1,804  
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-10   986 986        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-10   3,955 3,955        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-10   294 294        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-10   133 133        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-10   155 155        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-10   128 128        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-10   4,589 4,589        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-10   1,438       1,438  
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-10   410 410        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-10   1,068 1,068        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-10   200 200        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-10   1,979 1,979        
    MORGAN STANLEY ABS CAP I INC07/21/05 2010-11 PURCHASE 2012-10   2,045 2,045        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-10   202 202        
    WELLS FARGO HOME EQUITY ASSET09/01/0 2010-12 PURCHASE 2012-10   5,541 5,541        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-10   8 8        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-10   2,065 2,065        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-10   1,844 1,844        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-10   294 294        
    FANNIE MAE09/01/12 VAR 08/25/22SER 2 2012-09 PURCHASE 2012-10   174 174        
    UNITED STATES TREAS NTS08/31/12 0.62 2012-09 PURCHASE 2012-10   94,371 94,925     -554  
    NATIONSTAR HOME EQUITY LN TR09/14/06 2009-05 PURCHASE 2012-10   218,813 108,744     110,069  
    UNITED STATES TREAS NTS01/31/12 0.87 2012-04 PURCHASE 2012-10   176,632 176,325     307  
    UNITED STATES TREAS NTS08/31/12 0.62 2012-10 PURCHASE 2012-10   79,484 79,937     -453  
    CWHL 2004-14 4A16/1/2004 VAR 8/25/20 2006-01 PURCHASE 2012-10   161,754 167,818     -6,064  
    WELLS FARGO MTG BACKED SECS12/01/03 2010-10 PURCHASE 2012-10   69,309 72,435     -3,126  
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-10   1,931 1,931        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-10   1,087 1,087        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-10   213 213        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-10   239 239        
    GOLDMAN SACHS02/05/09 7.500 02/15/19 2009-01 PURCHASE 2012-10   44,290 34,327     9,963  
    UNITED STATES TREAS NTS TIPS04/30/08 2012-04 PURCHASE 2012-10   175,292 175,619     -327  
    FHLB DISCOUNT NOTEDUE 10/19/12 2012-09 PURCHASE 2012-10   404,938 404,938        
    GCCFC 2004-GG1 A705/01/04 VAR 06/10/ 2010-08 PURCHASE 2012-10   370 370        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-10   1,423 1,423        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-10   731 731        
    CWALT INC06/23/05 VAR 08/25/35CL 2-A 2008-11 PURCHASE 2012-10   187,047 54,614     132,433  
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-10   2,839 2,839        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-10   4,725 4,816     -91  
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-10   1,382 1,382        
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-10   510 531     -21  
    FG G0-586604/01/10 4.500 02/01/40 2011-08 PURCHASE 2012-10   2,456 2,456        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-10   3,509 3,509        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-10   34 34        
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-10   1,091 1,076     15  
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-10   4,482 4,482        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-10   3,612 3,612        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-10   935 935        
    FG A9-484311/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-10   250,453 231,187     19,266  
    FG Q0409010/01/11 4.000 10/01/41 2011-10 PURCHASE 2012-10   56,617 53,362     3,255  
    FG G0-635403/01/11 4.000 04/01/41 2011-04 PURCHASE 2012-10   109,242 97,566     11,676  
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-10   1,608 1,608        
    UNITED STATES TREAS NTS06/30/12 0.75 2012-07 PURCHASE 2012-10   171,076 170,432     644  
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-10   1,252 1,252        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-10   2,676 2,676        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-10   7,504 7,504        
    FEDERAL HOME LOAN BANK08/06/12 .600 2012-07 PURCHASE 2012-10   23,333 23,333        
    US TREASURY BILLSDUE 10/04/12 2012-09 PURCHASE 2012-10   89,993 89,993        
    MDST 6 A24/1/1997 7.400 7/1/2035 2003-06 PURCHASE 2012-10   266 266        
    MST 6 A14/01/1997 7.340 7/01/2035 2004-08 PURCHASE 2012-10   2,657 2,657        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-10   19 19        
    FN 3948547/1/1997 6.500 5/1/2027 2012-09 PURCHASE 2012-10   65 65        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-10   2,293 2,293        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-10   1,178 1,178        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-10   256 256        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-10   1,087 1,087        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-10   30 30        
    FEDERAL HOME LOAN BANK DISC NOTEDUE 2012-09 PURCHASE 2012-11   154,971 154,971        
    UNITED STATES TREAS NTS08/31/12 0.62 2012-10 PURCHASE 2012-11   54,897 54,956     -59  
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-11   1,099 1,099        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-11   2,217 2,217        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-11   3,196 3,196        
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-11   226 226        
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-11   10,876 10,876        
    GCCFC 2004-GG1 A705/01/04 VAR 06/10/ 2010-08 PURCHASE 2012-11   1,460 1,460        
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 DONATION 2012-11   6,507 6,507        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-11   34 34        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-11   3,943 3,943        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-11   1,024 1,024        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-11   3,693 3,693        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-11   1,379 1,379        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-11   3,503 3,503        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-11   3,164 3,164        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-11   3,097 3,097        
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-11   709 709        
    UNITED STATES TREAS NTS06/30/12 0.75 2012-09 PURCHASE 2012-11   438,364 436,106     2,258  
    FEDERAL HOME LOAN BANK DISC NOTEDUE 2012-09 PURCHASE 2012-11   119,976 119,976        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-11   3,225 3,225        
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-11   2,913 2,913        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-11   767 767        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-11   1,127 1,127        
    UNITED STATES TREAS NTS06/30/12 0.75 2012-08 PURCHASE 2012-11   246,311 245,623     688  
    BSABS 2002-1 1A53/1/2002 STEP CPN 12 2004-06 PURCHASE 2012-11   1,351 1,351        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-11   1,632 1,632        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-11   1,480 1,480        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-11   24 24        
    FANNIE MAE09/01/12 VAR 08/25/22SER 2 2012-09 PURCHASE 2012-11   161 161        
    FEDERAL NATL MTG ASSN GTD10/01/12 VA 2012-10 PURCHASE 2012-11   76 76        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2004-04 DONATION 2012-11   510 510        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-11   27 27        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-11   2,642 2,642        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-11   2,063 2,063        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-11   169 169        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-11   120 120        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-11   31 31        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-11   296 296        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-11   3,379 3,379        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-11   4,394 4,394        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-11   1,873 1,873        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-11   8,591 8,591        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-11   115 115        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-11   139 139        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-11   111 111        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-11   187 187        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-11   3,378       3,378  
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-11   418 418        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-11   203 203        
    MORGAN STANLEY ABS CAP I INC07/21/05 2010-11 PURCHASE 2012-11   2,780 2,780        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-11   1,748 1,748        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-11   637 637        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-11   2,097 2,097        
    WELLS FARGO HOME EQUITY ASSET09/01/0 2010-12 PURCHASE 2012-11   4,270 4,270        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-11   2,225 2,225        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-11   1,919 1,919        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-11   214 214        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-11   5,340 5,340        
    UNITED STATES TREAS NTS06/30/12 0.75 2012-08 PURCHASE 2012-11   95,764 95,241     523  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 1999-03 PURCHASE 2012-11   3 3        
    NCUA GTD NTS TR11/17/10 VAR 11/05/20 2010-11 PURCHASE 2012-12   1,035 1,035        
    NCUA GUARN NTS TR02/28/11 VAR 03/09/ 2011-02 PURCHASE 2012-12   1,766 1,766        
    NCUA GUARANTEED NOTES05/05/11 VAR 05 2011-04 PURCHASE 2012-12   4,135 4,135        
    UNITED STATES TREAS NTS01/31/12 0.87 2012-06 PURCHASE 2012-12   45,740 45,341     399  
    BANC AMERICA CMBS07/01/04 VAR 06/10/ 2012-03 PURCHASE 2012-12   1,589 1,589        
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-12   59,794 61,778     -1,984  
    GE COML MTG CORP08/01/03 5.145 07/10 2012-02 PURCHASE 2012-12   8,292 8,685     -393  
    UNITED STATES TREAS NTS01/31/12 0.87 2012-04 PURCHASE 2012-12   172,570 171,287     1,283  
    GCCFC 2004-GG1 A705/01/04 VAR 06/10/ 2010-08 PURCHASE 2012-12   299 299        
    UNITED STATES TREAS NTS01/31/12 0.87 2010-06 PURCHASE 2012-12   45,664 45,341     323  
    CNFHE 2002-A A52/6/2002 STEP CPN 4/1 2004-04 PURCHASE 2012-12   2,134 2,134        
    FG G025791/1/2007 5.000 12/1/2034 2007-01 PURCHASE 2012-12   3,576 3,576        
    FG G0-586604/01/10 4.500 02/01/40 2010-04 PURCHASE 2012-12   1,570 1,570        
    FG G0624202/01/11 4.500 09/01/40 2011-02 PURCHASE 2012-12   3,531 3,531        
    FG G0-649905/01/11 4.000 03/01/41 2011-05 PURCHASE 2012-12   1,647 1,647        
    FH J1 388412/01/10 3.500 12/01/25 2010-12 PURCHASE 2012-12   3,553 3,553        
    FG A390125/1/2005 5.500 6/1/2035 2005-06 PURCHASE 2012-12   3,436 3,436        
    FHR 2174 PN7/1/1999 6.000 7/15/2029 2005-06 PURCHASE 2012-12   2,766 2,766        
    FG H0316109/01/07 6.500 08/01/37 2007-09 PURCHASE 2012-12   1,253 1,253        
    UNITED STATES TREAS NTS01/31/12 0.87 2012-06 PURCHASE 2012-12   60,832 60,454     378  
    LEHMAN ABS MANUFACTURED HSG10/31/01 2011-02 PURCHASE 2012-12   749 749        
    UNITED STATES TREAS NTS01/31/12 0.87 2012-06 PURCHASE 2012-12   65,833 65,492     341  
    G2 814328/1/2005 VAR 8/20/2035 2006-01 PURCHASE 2012-12   1,827 1,827        
    G2 8149710/1/2005 VAR 10/20/2035 2005-11 PURCHASE 2012-12   513 513        
    HSBC HOME EQUITY LN TR07/12/06 VAR 0 2010-10 PURCHASE 2012-12   1,163 1,163        
    BANC AMER FDG07/31/06 VAR 07/20/36SE 2012-01 PURCHASE 2012-12   1,932 1,932        
    US TREASURY NT08/15/12 1.625 08/15/2 2012-10 PURCHASE 2012-12   64,249 64,005     244  
    WACHOVIA CMBS07/01/04 VAR 07/15/41SE 2012-02 PURCHASE 2012-12   89,555 91,388     -1,833  
    SASC 1997-2 2A410/1/1997 7.250 3/28/ 2004-04 PURCHASE 2012-12   10 10        
    US TREASURY NT08/15/12 1.625 08/15/2 2012-09 PURCHASE 2012-12   213,557 211,710     1,847  
    UNITED STATES TREAS NTS06/30/12 0.75 2012-08 PURCHASE 2012-12   35,165 35,089     76  
    UNITED STATES TREAS NTS06/30/12 0.75 2012-08 PURCHASE 2012-12   35,157 35,089     68  
    FANNIE MAE09/01/12 VAR 08/25/22SER 2 2012-09 PURCHASE 2012-12   175 175        
    CSFB 2004-1 2A12/1/2004 6.500 2/25/2 2005-06 PURCHASE 2012-12   1,300 1,300        
    EQABS 2002-5 M110/1/2002 STEP CPN 11 2004-08 PURCHASE 2012-12   2,263 2,263        
    FN AL141002/13/12 4.500 02/01/42 2012-01 PURCHASE 2012-12   2,920 2,920        
    FN 55517712/1/2002 VAR 1/1/2033 2004-04 DONATION 2012-12   1,499 1,499        
    FN 6061089/1/2001 7.000 3/1/2031 2004-04 DONATION 2012-12   32 32        
    FN 6336982/1/2002 7.500 2/1/2031 2004-04 DONATION 2012-12   2,755 2,755        
    FNR 2001-52 YZDTD 09/01/01 6.50% DUE 2006-01 PURCHASE 2012-12   943 943        
    FN 7352071/1/2005 7.000 4/1/2034 2005-01 PURCHASE 2012-12   218 218        
    FN 84103111/1/2005 VAR 11/1/2035 2005-09 PURCHASE 2012-12   7,012 7,012        
    FN 8956065/1/2006 VAR 6/1/2036 2006-05 PURCHASE 2012-12   17,240 17,240        
    FN AD079102/01/10 4.443 02/01/20 2010-11 PURCHASE 2012-12   134 134        
    FN AE060011/01/10 4.500 11/01/40 2010-11 PURCHASE 2012-12   157 157        
    FN AE060511/01/10 4.00 11/01/40 2010-11 PURCHASE 2012-12   129 129        
    INDX 2004-AR6 6A18/1/2004 VAR 10/25/ 2005-01 PURCHASE 2012-12   11,461 11,461        
    J P MORGAN MTG TR07/01/05 VAR 08/25/ 2008-11 PURCHASE 2012-12   664       664  
    MASTR 2002-8 1A1DTD 11/01/02 5.5% DU 2004-07 PURCHASE 2012-12   414 414        
    MARM 2003-6 4A211/1/2003 VAR 1/25/20 2006-01 PURCHASE 2012-12   19,961 19,961        
    RESIDENTIAL FDG MTG SECS IISER 1999- 2006-01 PURCHASE 2012-12   1,028 1,028        
    RESIDENTIAL FDG MTG SECS IISER 2000- 2004-04 DONATION 2012-12   1,469 1,469        
    FN 5451918/1/2001 7.000 9/1/2031 2004-04 DONATION 2012-12   60 60        
    STRUCTURED ASSET SECS CORP MTG06/25/ 2009-09 PURCHASE 2012-12   2,387 2,387        
    FN AH342801/01/11 1.3500 01/01/26 2011-02 PURCHASE 2012-12   3,529 3,529        
    FN 3948547/1/1997 6.500 5/1/2027 2002-09 PURCHASE 2012-12   40 40        
    FED NATL MTG ASSN POOL 254232DTD 2/1 2003-03 PURCHASE 2012-12   776 776        
    FEDERAL NATL MTG ASSN GTD10/01/12 VA 2012-10 PURCHASE 2012-12   82 82        
    FNR G92-12 B02/01/92 7.700 02/25/22 2004-04 DONATION 2012-12   15 15        
    WELLS FARGO HOME EQUITY ASSET09/01/0 2010-12 PURCHASE 2012-12   5,288 5,288        
    MORGAN STANLEY ABS CAP I INC07/21/05 2010-11 PURCHASE 2012-12   3,490 3,490        
    SOUNDVIEW HOME LOAN 2006-WF212/21/06 2009-02 PURCHASE 2012-12   4,490 4,490        
    INDX 2004-AR8 2A2A9/23/2004 VAR 11/2 2004-09 PURCHASE 2012-12   285 285        
    AMERIQUEST MTG SECS INC07/29/05 VAR 2009-11 PURCHASE 2012-12   3,072 3,072        
    CWABS INC06/23/05 3.760 10/25/35SERR 2009-09 PURCHASE 2012-12   1,171 1,162     9  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBEY NATL TREASURY SERV 96,777 99,027
    ALABAMA POWER CP TR 301,600 288,913
    AMERICAN INDEPENDENCE US INFLAT 5,618,920 5,711,453
    AMERIQUEST MTG SECS INC 27,386 34,592
    AQUILA, INC.    
    BACM 2005-2 A5 96,884 97,657
    BANKAMERICA CAP    
    BARCLAYS BK 109,858 123,298
    BEAR STEARNS ABS INC 70,604 65,717
    BRAZOS HIGHER ED AUTH, INC. 170,689 175,173
    CD 2007-CD5    
    CITIGROUP COML MTG    
    CITIGROUP FDG INC    
    CITIGROUP INC 333,445 362,504
    CNFHE 2002-A A5 144,633 92,640
    COMM 2007-C9 A4    
    CONTINENTAL AIRLINES 301,352 309,021
    COUNTRY WIDE FINANCIAL    
    CREDIT SUISSE NY BRH 90,276 103,470
    CS FIRST BOSTON INC. 100,728 99,222
    CSMC 2006-C1 A3    
    CWABS INC 16,025 32,060
    CWALT INC    
    CWHL 2004-14 4A1    
    DEUTSCHE BANK LONDON 99,864 101,736
    EDUCATIONAL FDG SOUTH INC NT 44,480 45,280
    EQUITY ONE ASSET BACKED SECURITIES 206,458 189,820
    FANNIE MAE 818,623 686,385
    FEDERAL HOME LOAN BANK 293,797 299,768
    FHR 2642 BW 12,746 8,757
    FHR 2174 PN 85,046 85,903
    FIRST CHICAGO NBD CAP 69,750 81,981
    FNR G92-12 B 1,201 985
    FNR 2001-52 YZ 176,051 183,933
    FREDDIE MAC 134,302 136,677
    GCCFC 123,174 117,634
    GENERAL ELEC CAP CORP 275,596 307,909
    GINNIE MAE 79,752 84,434
    GOLDMAN SACHS GROUP INC 106,516 142,184
    GS MORGAGE SECURITES CORP 121,192 133,186
    HEALTH CARE PROPERTIES 101,837 110,462
    HEALTH CARE REIT INC 124,638 139,434
    HSBC HLDGS PLC SR NT 99,783 118,088
    HSBC HOME EQUITY LN TR 76,375 86,238
    INDX 2004-AR6 2A2A    
    INDX 2004-AR6 6A1 68,472 63,658
    INDX 2004-AR8 2A2A 26,454 20,797
    JP MORGAN & CO INC    
    JP MORGAN CHASE CAP XIII 98,800 106,711
    JP MORGAN CHASE BANK NA 160,427 177,576
    JP MORGAN MTG TR   58,080
    KEYCORP STUDENT LN TR    
    LAUDUS MONDR INTL FXD INC 2,789,121 2,695,926
    LEHMAN ABS MANUFACTURED HSG 44,606 46,424
    LLOYDS TSB BK PLC    
    MASTER 2002-8 1A1 26,725 23,555
    MASTER ADJ RATE MORTGAGE TRUST 141,174 147,762
    MDST 6 A2 10,791 9,719
    MERRILL LYNCH 150,000 165,225
    MERRILL LYNCH FIRST FRANKLIN 122,411 99,624
    MID-STATE TRUST 106,818 98,643
    MORGAN STANLEY 172,705 223,350
    MORGANSTANLEY ABS CAP I INC 99,444 105,472
    MSC 2005-T19 A4A 92,444 92,930
    MSC 2006-IQ12 A4 90,711 97,805
    NASC    
    NATIONSTAR HOME EQUITY    
    NCUA GTD NTS 277,483 278,078
    NEW PLAN EXCEL RLTY TR    
    NORTHSTAR ED FIN INC DEL    
    OPTION ONE MTG LN    
    PANHANKLE EASTN PIPE LINE CO 100,000 125,071
    PIMCO FOREIGN BOND FUND 2,758,357 3,009,306
    PRIVATE EXPORT FUNDING    
    RES FDG MTG SEC 69,877 55,442
    ROYAL BANK OF SCOTLAND PLC 79,954 81,873
    SOUNDVIEW HOME LOAN 58,987 164,418
    STEELPATH MLP FDS TR 5,646,717 5,516,755
    STRCTD ASSET SECS CO 29,622 59,411
    TUCSON ELECTRIC POWER 84,724 86,100
    UNITED DOMINION    
    VERIZON COMMUNICATIONS INC. 99,867 101,808
    WACHOVIA CORP GLOBAL 89,797 91,497
    WELLPOINT INC 99,898 105,837
    WFRBS COML MTG TR 2011-C5 55,546 60,716
    WELLS FARGO HOME EQUITY ASSET 104,101 101,870
    WELLS FARGO MORTGAGE BAKED SEC.    
    ARIZONA EDL LN MARKETING CORP 56,695 57,142
    BANK AMERICA GDG 44,260 46,986
    BANK AMERICA CMBS 85,845 84,606
    BSCMS 83,438 83,210
    FEDERAL NATL MTG ASSN GTD 99,384 99,377
    FHLMC REMIC 101,996 101,469

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVISORS INNER CIRCLE FD II    
    DFA EMERGING MARKETS VALUE 95 8,805,540 8,715,018
    ICM SMALL CAP 3,754,041 3,408,112
    MFS INST INTL EQUITY FUND 8,242,066 9,736,680
    OLD NATIONAL BANCORP 24,846 12,903
    PIMCO COMMODITY REAL RETURN STRAT 14,536,770 10,861,232
    TEMPLETON INSTL FOREIGN EQUITY 9,410,750 9,502,229
    VANGUARD INSTL INDEX FUND 18,186,530 22,441,555
    VANGUARD SMALL-CAP GROWTH INDEX 3,315,528 3,446,424
    VANGUARD REITS INDEX 8,013,298 8,282,728

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    US Government Securities - End of Year Book Value:

    6,809,229
    US Government Securities - End of Year Fair Market Value:

    7,004,775
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 LandEtcSchedule2
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTERS & PERIPHERALS 91,142 72,434 18,708 18,708
    SOFTWARE 44,975 20,654 24,321 24,321
    TELECOMMUNICATIONS 14,188 10,818 3,370 3,370
    FUNITURE & EQUIPMENT 151,018 99,654 51,364 51,363
    ELECTRONIC EQUIPMENT 37,133 17,866 19,267 19,268
    APPLIANCES 4,497 2,450 2,047 2,048
    LEASEHOLD IMPROVEMENTS 286,181 101,211 184,970 184,970


    TY 2012 LegalFeesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REVIEW & PREPARE LEGAL DOCUMENTS 3,743     3,743
    REVIEW & PREPARE BY-LAW MODIFICA 790     790
    RESEARCH LEGAL ISSUES 1,820     1,820
    ATTEND MEETINGS 807     807
    DISCONTINUED OPERATIONS 1,723     1,723


    TY 2012 OtherAssetsSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST & DIVIDENDS RECEIVABLE 103,903 79,670 79,670
    MISC. RECEIVABLES 220 568 568
    DEFERRED TAX ASSET 39,688    
    TAX RECEIVABLE 4,625 55,666 55,666


    TY 2012 OtherExpensesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    GRANT WRITING CLASSES 3,287     3,287
    BANK FEES 517     517
    SUPPLIES 9,547     9,053
    SUBSCRIPTIONS 445     938
    POSTAGE 1,969     1,969
    PROGRAM ADVERTISING 281,569     281,569
    COMPUTER EXPENSES 14,454     14,454
    DUES & MEMBERSHIPS 35,178     35,178
    MAINTENANCE 21,501     21,501
    INSURANCE 17,170     17,170
    RECORD RETENTION 4,247     4,247
    FLOWERS, GIFTS & AWARDS 1,972     1,972
    PROGRAM RELATED EXPENSES 777,088     777,088
    TERMINATED GRANTS -16,314     -16,134
    GAAP BASED TAX ENTRY        
    ALL OTHER 1,019     1,017


    TY 2012 OtherIncomeSchedule2
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DISCONTINUED OPERATIONS 57,069    


    TY 2012 OtherLiabilitiesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY   99,005
    MISC. PAYABLES   9,990


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNITY WELLNESS INDICATOR REP 17,913      
    PROGRAM RELATED SERVICES 156,027      
    COMPUTER SERVICES 32,823      
    PAYROLL AND HUMAN RESOURCES SERV 6,378      
    INVESTMENT MANAGEMENT SERVICES 182,448 182,448   180,348
    PHOTOGRAPHIC SERVICES 1,845      
    MISCELLANEOUS 696      


    TY 2012 TaxesSchedule
    Name:
    WELBORN BAPTIST FOUNDATION INC
    EIN: 35-2056722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CALCULATED EXCISE TAX 280,798     193,146