TY 2012 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2012

Open to Public Inspection

For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012

Name of foundation
FRANCES GILMORE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1 WEST 4TH STREET D4000-041 Room/suite

City or town, state, and ZIP code
WINSTON SALEM, NC27101

A Employer identification number

54-6898322

B Telephone number (see instructions)

(336) 747-8190

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

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

$2,491,084J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	20		20
4	Dividends and interest from securities......	60,157		58,386
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		24,416
b	Gross sales price for all assets on line 6a 468,144
7	Capital gain net income (from Part IV, line 2)...			24,416
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	84,593		82,822
13	Compensation of officers, directors, trustees, etc.	38,607		28,955		9,652
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		35	0	0	35
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		1,002	1,002		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		13,951	1,180		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		15			15
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	53,610		31,137	0	9,702
25	Contributions, gifts, grants paid........	105,923				105,923
26	Total expenses and disbursements. Add lines 24 and 25	159,533		31,137	0	115,625
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-74,940
b	Net investment income (if negative, enter -0-)			51,685
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	211,673	120,980	120,980
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	223,396	188,313	196,059
	b	Investments—corporate stock (attach schedule)........	1,752,130	1,678,665	1,815,273
	c	Investments—corporate bonds (attach schedule)........	225,000	63,200	71,222
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		280,726	287,550
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,412,199	2,331,884	2,491,084
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	2,412,199	2,331,884
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,412,199	2,331,884
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,412,199	2,331,884

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	2,412,199
2	Enter amount from Part I, line 27a.....................	2	-74,940
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	2,337,259
5	Decreases not included in line 2 (itemize)	5	5,375
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	2,331,884

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.)
1 a	64. AT&T INC		2006-01-12	2012-02-21
b	21. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009		2011-12-01	2012-02-21
c	8. AETNA INC-NEW COM		2012-02-22	2012-02-27
d	23. AGNICO EAGLE MINES LTD COM		2012-01-31	2012-09-19
e	15. AGNICO EAGLE MINES LTD COM		2012-02-22	2012-11-23
	13. ALLIANT TECHSYSTEMS INC COM W/RTS ATTACHED EXP 09/28/2000		2011-05-23	2012-05-30
	15. ALLIANT TECHSYSTEMS INC COM W/RTS ATTACHED EXP 09/28/2000		2011-03-14	2012-09-10
	19. ALLIANT TECHSYSTEMS INC COM W/RTS ATTACHED EXP 09/28/2000		2011-03-14	2012-11-05
	40. ALLSTATE CORP COM W/RIGHTS ATTACHED EXP 2/12/2009		2009-04-22	2012-02-21
	2.00009 AMAZON COM INC COM		2011-11-11	2012-02-21
	5.99991 AMAZON COM INC COM		2011-11-11	2012-02-21
	5. AMAZON COM INC COM		2011-10-23	2012-08-03
	2. AMAZON COM INC COM		2011-08-10	2012-10-09
	24. AMERICAN EXPRESS CO COM		2011-04-06	2012-02-21
	12. AMERICAN EXPRESS CO COM		2011-03-25	2012-07-16
	4. AMERICAN TOWER CORP		2009-04-22	2012-02-02
	34. AMERICAN TOWER CORP		2009-04-22	2012-02-21
	25. AMPHENOL CORP NEW CL A		2011-03-17	2012-02-03
	16. AMPHENOL CORP NEW CL A		2011-03-17	2012-02-21
	4. AMPHENOL CORP NEW CL A		2012-02-22	2012-09-19
	4. AMPHENOL CORP NEW CL A		2011-08-22	2012-09-19
	12. AMPHENOL CORP NEW CL A		2011-04-15	2012-10-15
	6. APPLE COMPUTER INC COM		2011-11-14	2012-02-15
	2. APPLE COMPUTER INC COM		2011-11-14	2012-02-21
	7. APPLE COMPUTER INC COM		2009-01-27	2012-02-21
	26.99901 AVON PRODS INC COM W/RTS ATTACHED		2011-03-14	2012-02-21
	9.00099 AVON PRODS INC COM W/RTS ATTACHED		2011-03-14	2012-02-21
	32. AVON PRODS INC COM W/RTS ATTACHED		2011-03-14	2012-04-02
	11. BAXTER INTL INC COM W/RIGHTS ATTACHED EXP 3/23/2009		2011-03-14	2012-02-21
	39. BAXTER INTL INC COM W/RIGHTS ATTACHED EXP 3/23/2009		2011-03-14	2012-03-29
	6000. BELLSOUTH CORP 5.200% 9/15/14		2008-10-21	2012-08-29
	3000. BELLSOUTH CORP 5.200% 9/15/14		2012-02-29	2012-08-29
	53. BEST BUY INC COM		2011-03-28	2012-11-05
	8. BEST BUY INC COM		2012-02-22	2012-11-05
	201. BOSTON SCIENTIFIC CORP COM		2011-03-14	2012-05-29
	256. BOSTON SCIENTIFIC CORP COM		2011-03-14	2012-11-05
	48. CBRE GROUP INC		2011-06-21	2012-02-21
	1. CME GROUP INC		2011-03-14	2012-02-02
	3. CME GROUP INC		2011-03-14	2012-02-21
	20. CME GROUP INC		2011-03-14	2012-12-11
	93. CVS CORP COM		2008-10-21	2012-02-21
	44. CA INC		2011-05-19	2012-01-31
	26. CA INC		2012-02-22	2012-02-27
	6. CA INC		2011-05-19	2012-05-07
	22. CA INC		2011-03-14	2012-05-07
	19. CA INC		2011-03-14	2012-09-19
	50. CABELAS INC		2011-03-11	2012-05-01
	532. CAL DIVE INTERNATIONAL INC		2011-08-23	2012-01-04
	12. CAMERON INT'L CORP COM		2011-12-13	2012-02-21
	5.99855 CAMERON INT'L CORP COM		2011-03-14	2012-02-27
	9.00145 CAMERON INT'L CORP COM		2011-03-14	2012-02-27
	20. CAMERON INT'L CORP COM		2011-03-14	2012-04-10
	1. CAMERON INT'L CORP COM		2011-12-13	2012-06-20
	43. CAMERON INT'L CORP COM		2011-06-17	2012-06-20
	9. CAMERON INT'L CORP COM		2011-05-06	2012-09-19
	33. CARDINAL HLTH INC COM		2009-09-14	2012-02-21
	14. CATERPILLAR INC COM W/RTS EXP 12/11/2006		2012-02-02	2012-10-01
	26. CELGENE CORP COM		2012-06-27	2012-11-14
	15. CHEVRONTEXACO CORP COM		2006-01-12	2012-02-21
	195. CISCO SYS INC COM W/RIGHTS ATTACHED EXPIRING 6/10/2008		2011-03-30	2012-02-21
	24. CITI TRENDS INC		2011-09-26	2012-06-19
	17. CITI TRENDS INC		2012-02-22	2012-12-12
	83. CITI TRENDS INC		2011-09-23	2012-12-12
	43. COCA-COLA CO COM		2011-03-14	2012-01-30
	88. COMCAST CORP NEW CL A		2010-01-11	2012-02-21
	30. COMCAST CORP NEW CL A		2010-01-11	2012-09-19
	6. CON-WAY INC		2012-02-22	2012-11-08
	43. CON-WAY INC		2011-03-14	2012-11-08
	4. COSTCO WHOLESALE CORP COM		2011-03-14	2012-02-02
	16. COSTCO WHOLESALE CORP COM		2011-03-14	2012-02-21
	3. COSTCO WHOLESALE CORP COM		2011-03-14	2012-11-09
	31. CROWN CASTLE INTL CORP COM		2011-10-31	2012-02-21
	19. DANAHER CORP COM		2011-03-14	2012-02-21
	14. DEVON ENERGY CORP NEW COM		2011-03-21	2012-02-21
	20. DEVON ENERGY CORP NEW COM		2011-03-21	2012-05-29
	29. DEVON ENERGY CORP NEW COM		2011-07-18	2012-11-14
	6. DIAGEO PLC SPONSORED ADR NEW		2012-02-16	2012-02-21
	6. DIAGEO PLC SPONSORED ADR NEW		2012-04-05	2012-08-16
	7. DISCOVERY COMMUNICATIONS-A		2011-08-25	2012-02-21
	19. DOLBY LABORATORIES INC		2012-02-22	2012-04-27
	30. DOLBY LABORATORIES INC		2011-08-19	2012-05-07
	7. DOLBY LABORATORIES INC		2011-08-19	2012-06-12
	23. DOLBY LABORATORIES INC		2011-10-14	2012-10-26
	10. DOLBY LABORATORIES INC		2011-11-02	2012-10-26
	8. DRESSER-RAND GROUP INC		2011-03-14	2012-01-31
	4. DRESSER-RAND GROUP INC		2012-02-22	2012-05-08
	27. DRESSER-RAND GROUP INC		2011-03-14	2012-05-08
	8. ECOLAB INC COM		2011-03-14	2012-02-21
	7. ECOLAB INC COM		2011-03-14	2012-12-19
	59. EDISON INTL COM		2009-04-17	2012-02-21
	30. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008		2011-04-25	2012-01-12
	15. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008		2011-04-25	2012-02-21
	51. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008		2011-10-21	2012-05-31
	2. EMERSON ELEC CO COM W/RTS ATTACHED EXP 11/01/2008		2011-04-25	2012-05-31
	7. EQUINIX INC		2011-09-23	2012-02-21
	3. EQUINIX INC		2011-09-23	2012-04-25
	4. EQUINIX INC		2011-03-14	2012-04-25
	5. EQUINIX INC		2011-03-14	2012-09-13
	10. EXELIS INC		2012-02-22	2012-05-25
	67. EXELIS INC		2011-03-14	2012-05-25
	2.00888 FACEBOOK INC		2012-05-22	2012-06-27
	18.99112 FACEBOOK INC		2012-05-22	2012-06-27
	9000. FED HOME LN MTG CORP 4.875% 11/15/13		2012-02-29	2012-11-06
	25000. FED HOME LN MTG CORP 4.875% 11/15/13		2011-08-11	2012-11-06
	16000. FED NATL MTG ASSN 4.375% 3/15/13		2010-12-16	2012-05-08
	6000. FED NATL MTG ASSN 4.375% 3/15/13		2012-02-29	2012-05-08
	111. FORMFACTOR INC		2011-07-11	2012-01-05
	104. FORMFACTOR INC		2011-03-14	2012-01-06
	52. FORMFACTOR INC		2011-08-29	2012-01-09
	69. GAMESTOP CORP CL A COM		2011-07-29	2012-11-21
	20. GAMESTOP CORP CL A COM		2011-08-02	2012-12-19
	31. GAMESTOP CORP CL A COM		2012-02-27	2012-12-19
	16. GILEAD SCIENCES INC COM		2012-02-17	2012-02-21
	5. GILEAD SCIENCES INC COM		2011-03-14	2012-11-09
	10. GILEAD SCIENCES INC COM		2011-03-14	2012-12-06
	1. GOOGLE INC CL A		2010-10-18	2012-02-02
	1.00061 GOOGLE INC CL A		2010-10-18	2012-02-21
	1.99939 GOOGLE INC CL A		2010-10-18	2012-02-21
	37. GUESS INC COM		2011-06-22	2012-11-05
	31. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005		2010-12-09	2012-02-21
	39. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005		2012-06-12	2012-09-19
	23. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005		2010-12-10	2012-10-01
	22. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005		2010-12-10	2012-11-08
	18. HASBRO INC COM		2011-03-11	2012-06-06
	16. HASBRO INC COM		2011-03-11	2012-06-07
	22. HASBRO INC COM		2012-01-31	2012-09-20
	126. HOLOGIC INC		2011-03-14	2012-05-07
	15. HOLOGIC INC		2012-02-22	2012-05-07
	19. HONEYWELL INTL INC COM		2012-02-06	2012-02-21
	33. ITT CORP		2011-03-14	2012-05-08
	5. ITT CORP		2012-02-22	2012-05-08
	128. INTEL CORP COM		2006-04-28	2012-02-21
	2. INTERCONTINENTALEXCHANGE INC		2011-03-17	2012-02-21
	28. JOHNSON & JOHNSON COM		2007-11-26	2012-02-21
	28. KIMBERLY-CLARK CORP COM		2006-04-28	2012-02-21
	92. KIMBERLY-CLARK CORP COM		2009-04-22	2012-11-28
	.9512 KINDER MORGAN MANAGEMENT LLC COM		2011-03-11	2012-02-15
	15. KINDER MORGAN MANAGEMENT LLC COM		2011-03-11	2012-05-01
	.0269 KINDER MORGAN MANAGEMENT LLC COM		2011-03-11	2012-06-06
	22. KINDER MORGAN MANAGEMENT LLC COM		2011-03-11	2012-06-06
	.4351 KINDER MORGAN MANAGEMENT LLC COM		2011-03-11	2012-09-05
	.4554 KINDER MORGAN MANAGEMENT LLC COM		2011-03-11	2012-11-15
	43. KNOLL INC		2011-03-11	2012-06-06
	41. KNOLL INC		2011-03-11	2012-06-07
	75. KRAFT FOODS INC-A COM		2010-04-13	2012-02-21
	7. LAS VEGAS SANDS CORP		2012-08-03	2012-10-01
	40. LEGG MASON INC COM		2011-03-14	2012-05-29
	42. LEGG MASON INC COM		2011-03-14	2012-09-20
	13. LEGG MASON INC COM		2012-02-22	2012-09-20
	73. LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008		2009-10-06	2012-02-21
	57. LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008		2011-03-14	2012-02-21
	49. LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008		2011-03-14	2012-05-11
	84. LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008		2011-03-14	2012-08-08
	67. LOWES COS INC COM W/RIGHTS ATTACHED EXPIRING 9/9/2008		2011-03-14	2012-08-15
	64. MARATHON OIL CORP COM		2011-07-12	2012-02-21
	57. MARSH & MCLENNAN COS INC COM		2010-08-25	2012-02-21
	20. MARRIOTT INTL INC NEW CL A		2011-06-15	2012-01-18
	26. MARRIOTT INTL INC NEW CL A		2011-08-01	2012-02-21
	10. MARRIOTT INTL INC NEW CL A		2011-08-01	2012-06-27
	18. MARRIOTT INTL INC NEW CL A		2011-11-29	2012-12-21
	5. MASTERCARD INC		2011-03-14	2012-01-17
	1. MASTERCARD INC		2011-03-14	2012-02-02
	2. MASTERCARD INC		2011-03-14	2012-02-21
	3. MASTERCARD INC		2011-03-14	2012-05-21
	4. MCDONALDS CORP COM		2011-03-14	2012-02-21
	71. MERCK & CO INC NEW		2008-08-12	2012-02-21
	61. METROPCS COMMUNICATIONS INC		2012-02-22	2012-02-27
	190. METROPCS COMMUNICATIONS INC		2012-01-31	2012-09-10
	39. MICROSOFT CORP COM		2012-01-30	2012-02-21
	23. MICROSOFT CORP COM		2012-05-16	2012-09-27
	38. MICROSOFT CORP COM		2012-05-16	2012-10-10
	28. MICROSOFT CORP COM		2012-05-23	2012-10-15
	11. MICROSOFT CORP COM		2012-05-23	2012-11-12
	144. MICROSOFT CORP COM		2011-03-14	2012-11-12
	32. MOLSON COORS BREWING CO CL B		2011-06-22	2012-09-14
	12. MOLSON COORS BREWING CO CL B		2012-02-22	2012-09-14
	78. MOTOROLA SOLUTIONS, INC.		2008-04-03	2012-02-21
	5. NATIONAL OILWELL INC COM		2011-05-18	2012-02-21
	28. NETAPP INC		2011-03-14	2012-02-21
	20. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009		2006-04-26	2012-09-19
	3. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009		2006-04-26	2012-11-05
	54. NEWFIELD EXPL CO COM W/RIGHTS ATTACHED EXP 2/22/2009		2012-04-09	2012-11-05
	26. NIKE INC CL B COM		2011-03-14	2012-02-03
	9. NIKE INC CL B COM		2011-03-14	2012-02-21
	9.00034 NORTHERN TR CORP COM		2011-03-14	2012-02-21
	13.99966 NORTHERN TR CORP COM		2011-03-14	2012-02-21
	15. NORTHERN TR CORP COM		2011-03-14	2012-06-27
	15. NORTHERN TR CORP COM		2011-03-14	2012-06-28
	6. NORTHERN TR CORP COM		2011-03-14	2012-09-19
	7. NORTHROP GRUMMAN CORP COM W/RTS ATTACHED EXP 10/31/2008		2009-05-18	2012-02-21
	15. NORTHROP GRUMMAN CORP COM W/RTS ATTACHED EXP 10/31/2008		2011-04-20	2012-02-21
	33. NVIDIA CORP COM		2011-05-27	2012-02-21
	22. NVIDIA CORP COM		2011-03-14	2012-05-21
	91. NVIDIA CORP COM		2011-08-15	2012-05-21
	4. OCCIDENTAL PETE CORP COM		2010-08-20	2012-02-21
	16. OCCIDENTAL PETE CORP COM		2010-08-20	2012-10-01
	46. ORACLE CORP COM		2010-09-15	2012-02-21
	28. ORACLE CORP COM		2010-09-15	2012-05-24
	26. OWENS & MINOR INC NEW COM		2011-03-11	2012-06-06
	28. OWENS & MINOR INC NEW COM		2011-03-11	2012-06-07
	10. PVH CORP		2011-10-21	2012-02-21
	27.00438 PEOPLE'S UNITED FINANCIAL INC		2011-03-14	2012-05-31
	43.99562 PEOPLE'S UNITED FINANCIAL INC		2011-03-14	2012-05-31
	113. PEOPLE'S UNITED FINANCIAL INC		2011-03-14	2012-11-05
	20. PEPSICO INC COM		2011-03-14	2012-02-21
	10. PEPSICO INC COM		2011-03-14	2012-04-05
	104. PFIZER INC COM W/RTS ATTACHED EXP 10/15/2007		2010-04-13	2012-02-21
	.5 PHILLIPS 66		2009-04-22	2012-05-22
	50. PHILLIPS 66		2009-04-22	2012-05-29
	4. PIONEER NAT RES CO COM W/RIGHTS ATTACHED EXP 7/31/2011		2011-03-14	2012-01-31
	3. PIONEER NAT RES CO COM W/RIGHTS ATTACHED EXP 7/31/2011		2011-03-14	2012-02-27
	13. PIONEER NAT RES CO COM W/RIGHTS ATTACHED EXP 7/31/2011		2011-03-14	2012-04-09
	2. POSTNL. N.V. SPONSORED ADR		2011-03-18	2012-03-27
	13. PRAXAIR INC COM		2011-03-14	2012-02-21
	7. T ROWE PRICE GRP INC COM		2011-10-13	2012-02-21
	1. PRICELINE COM INC		2012-01-17	2012-02-21
	.99916 PROCTER & GAMBLE CO COM		2011-09-16	2012-02-10
	12.00084 PROCTER & GAMBLE CO COM		2011-09-16	2012-02-10
	10. PROCTER & GAMBLE CO COM		2011-09-16	2012-02-21
	171. PROGRESS ENERGY INC COM		2010-04-13	2012-01-17
	9. QUALCOMM INC COM W/RTS ATTACHED		2011-03-01	2012-02-02
	22. QUALCOMM INC COM W/RTS ATTACHED		2011-03-14	2012-02-02
	45. QUALCOMM INC COM W/RTS ATTACHED		2011-03-14	2012-02-21
	23. QUEST DIAGNOSTICS INC COM		2008-07-07	2012-02-21
	4. QUEST DIAGNOSTICS INC COM		2012-02-22	2012-06-12
	2. QUEST DIAGNOSTICS INC COM		2011-03-14	2012-06-12
	36. RAYTHEON CO COM		2011-04-12	2012-02-21
	56. RESEARCH IN MOTION LTD		2012-02-27	2012-11-05
	99. RESEARCH IN MOTION LTD		2011-11-01	2012-11-05
	5. ROCKWELL INTL CORP NEW COM		2011-08-05	2012-02-21
	31. ROCKWELL COLLINS-WI COM		2012-02-22	2012-02-27
	1. ROYAL DUTCH SHELL PLC SPONSORED		2011-03-28	2012-03-27
	23.0014 SAFEWAY INC COM NEW		2011-03-14	2012-01-31
	1.9986 SAFEWAY INC COM NEW		2011-03-14	2012-01-31
	63. SAFEWAY INC COM NEW		2006-04-28	2012-02-21
	30. SAFEWAY INC COM NEW		2011-03-14	2012-03-26
	23. SAFEWAY INC COM NEW		2011-04-05	2012-03-26
	28. ST JUDE MED INC COM W/RTS ATTACHED EXP 0		2011-03-14	2012-02-21
	30. ST JUDE MED INC COM W/RTS ATTACHED EXP 0		2011-03-14	2012-04-11
	14. ST JUDE MED INC COM W/RTS ATTACHED EXP 0		2011-03-14	2012-07-18
	5. ST JUDE MED INC COM W/RTS ATTACHED EXP 0		2012-02-09	2012-11-28
	69. ST JUDE MED INC COM W/RTS ATTACHED EXP 0		2011-09-23	2012-11-28
	5. SALESFORCE COM INC		2011-11-23	2012-02-21
	6. SCHLUMBERGER LTD COM		2011-03-14	2012-02-02
	31. SCHLUMBERGER LTD COM		2011-03-14	2012-02-21
	9. SCHLUMBERGER LTD COM		2011-03-14	2012-08-03
	44. SCHWAB CHARLES CORP NEW COM		2011-03-29	2012-11-05
	70. SCHWAB CHARLES CORP NEW COM		2012-05-07	2012-11-05
	29. SCOTTS CO CL A		2011-08-16	2012-11-09
	18. SCOTTS CO CL A		2012-09-10	2012-11-09
	54. SMART TECHNOLOGIES INC - A		2011-05-17	2012-01-18
	172. SMART TECHNOLOGIES INC - A		2011-05-19	2012-01-19
	85. SMART TECHNOLOGIES INC - A		2011-05-19	2012-01-20
	9. SOUTHWESTERN ENERGY CO COM		2012-01-30	2012-02-21
	34. SOUTHWESTERN ENERGY CO COM		2012-01-30	2012-06-27
	55. SOUTHWESTERN ENERGY CO COM		2011-03-14	2012-11-05
	45. STURM RUGER & CO INC COM		2011-03-11	2012-05-01
	23. SYMANTEC CORP COM W/RTS EXP 8/12/2008		2011-03-14	2012-09-19
	2. TNT EXPRESS NV-ADR		2011-05-31	2012-03-27
	30. TALISMAN ENERGY INC-COM		2012-06-14	2012-09-19
	.75 TENET HEALTHCARE CORPORATION		2011-03-11	2012-10-15
	36. TEREX CORP NEW COM		2011-10-14	2012-01-31
	22. TEREX CORP NEW COM		2012-02-22	2012-03-15
	34. TEREX CORP NEW COM		2012-07-20	2012-09-07
	26. TEREX CORP NEW COM		2011-09-26	2012-09-19
	19. TEVA PHARMACEUTICAL INDS LTD ADR		2011-03-14	2012-02-21
	41. TEVA PHARMACEUTICAL INDS LTD ADR		2011-03-14	2012-12-19
	8. TEXAS INSTRS INC COM		2011-07-12	2012-02-21
	34. TEXAS INSTRS INC COM		2011-09-02	2012-03-28
	15. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006		2011-03-14	2012-02-02
	13. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006		2011-03-14	2012-02-21
	52. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006		2011-03-14	2012-04-02
	19. TRAVELERS COMPANIES, INC		2008-10-08	2012-02-21
	39. TREDEGAR CORPORATION COM W/RIGHTS ATTACHED EXP 6/30/2009		2011-03-11	2012-05-01
	67. UDR INC REITS		2011-03-11	2012-06-06
	65. UDR INC REITS		2011-03-11	2012-06-07
	14. UNION PAC CORP COM		2011-08-19	2012-02-17
	1000. UNITED STATES TREAS BDS DTD 8/15/93 6.25% 08/15/2023		2012-02-29	2012-10-16
	4000. UNITED STATES TREAS BDS DTD 8/15/93 6.25% 08/15/2023		2007-06-22	2012-10-16
	1000. UNITED STATES TREAS BDS DTD 2/15/96 6% 02/15/2026		2012-02-29	2012-03-14
	2000. UNITED STATES TREAS BDS DTD 2/15/96 6% 02/15/2026		2012-02-29	2012-03-15
	2999.65541 US TREASURY NOTE 2.500% 3/31/13		2011-03-23	2012-02-14
	2000.34459 US TREASURY NOTE 2.500% 3/31/13		2011-03-23	2012-02-14
	3000. US TREASURY NOTE 2.500% 3/31/13		2011-03-23	2012-03-06
	2000. US TREASURY NOTE 2.500% 3/31/13		2011-09-27	2012-06-25
	8000. US TREASURY NOTE 2.500% 3/31/13		2011-04-07	2012-06-25
	14000. US TREASURY NOTE 2.250% 5/31/14		2011-09-23	2012-12-11
	6000. US TREASURY NOTE 2.250% 5/31/14		2012-11-01	2012-12-11
	7000. US TREASURY NOTE 2.375% 10/31/14		2011-10-04	2012-01-25
	6000. US TREASURY NOTE 3.500% 5/15/20		2012-02-29	2012-03-06
	37. URBAN OUTFITTERS INC COM		2011-04-29	2012-02-21
	17. URBAN OUTFITTERS INC COM		2011-06-24	2012-08-03
	29. URBAN OUTFITTERS INC COM		2011-08-16	2012-10-01
	29. URBAN OUTFITTERS INC COM		2011-09-01	2012-12-11
	16. VCA ANTECH INC COM		2012-02-22	2012-06-13
	65. VCA ANTECH INC COM		2011-10-13	2012-09-21
	8.99972 VALERO ENERGY CORP NEW COM		2011-03-14	2012-01-31
	7.00028 VALERO ENERGY CORP NEW COM		2011-03-14	2012-01-31
	67. VALERO ENERGY CORP NEW COM		2011-04-05	2012-06-12
	458. VANGUARD REIT VIPER		2011-03-02	2012-02-21
	48. VERIZON COMMUNICATIONS COM		2006-04-28	2012-02-21
	1.99568 VERTEX PHARMACEUTICALS INC COM W/RTS ATTACHED		2012-02-02	2012-02-21
	4.00432 VERTEX PHARMACEUTICALS INC COM W/RTS ATTACHED		2012-02-02	2012-02-21
	10. VERTEX PHARMACEUTICALS INC COM W/RTS ATTACHED		2012-02-02	2012-05-07
	21. VIACOM INC NEW		2011-03-14	2012-02-21
	53.99854 WESTERN UNION CO/THE		2011-03-14	2012-02-08
	22.00146 WESTERN UNION CO/THE		2011-03-14	2012-02-08
	94. WESTERN UNION CO/THE		2011-03-14	2012-02-15
	35. WESTERN UNION CO/THE		2011-03-14	2012-09-19
	38. WILLIAMS COS INC COM W/RTS ATTACHED		2010-04-13	2012-02-21
	225. WILLIAMS COS INC COM W/RTS ATTACHED		2010-04-13	2012-10-22
	.6667 WPX ENERGY INC		2010-04-13	2012-01-11
	87. WPX ENERGY INC		2010-04-13	2012-04-17
	36. XILINX INC COM		2011-03-14	2012-02-21
	6. YUM! BRANDS INC COM		2011-06-13	2012-02-21
	8. INGERSOLL-RAND PLC		2012-02-22	2012-02-27
	38. INGERSOLL-RAND PLC		2011-10-13	2012-09-07
	31. FOSTER WHEELER AG		2011-05-23	2012-09-20
	59. FOSTER WHEELER AG		2011-08-18	2012-11-05
	14. FOSTER WHEELER AG		2012-02-22	2012-11-05
	3. GARMIN LTD		2011-08-22	2012-03-15
	37. GARMIN LTD		2011-08-22	2012-05-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,941	1,602	339
b	1,181	1,149	32
c	373	344	29
d	1,210	1,295	-85
e	848	568	280
	646	925	-279
	740	1,035	-295
	1,119	1,311	-192
	1,260	2,119	-859
	363	435	-72
	1,088	1,258	-170
	1,181	1,036	145
	506	407	99
	1,268	1,102	166
	702	544	158
	254	129	125
	2,154	1,100	1,054
	1,379	1,388	-9
	905	888	17
	250	225	25
	250	170	80
	706	652	54
	3,016	2,389	627
	1,021	758	263
	3,574	529	3,045
	515	721	-206
	172	240	-68
	743	854	-111
	625	576	49
	2,308	2,044	264
	6,525	5,807	718
	3,263	3,322	-59
	768	1,609	-841
	116	202	-86
	1,182	1,485	-303
	1,357	1,892	-535
	915	1,199	-284
	257	290	-33
	874	871	3
	1,065	1,162	-97
	4,094	2,790	1,304
	1,125	1,040	85
	704	678	26
	157	138	19
	576	499	77
	511	431	80
	1,916	1,321	595
	1,390	2,890	-1,500
	683	611	72
	334	351	-17
	501	526	-25
	997	1,181	-184
	45	51	-6
	1,944	1,956	-12
	519	474	45
	1,366	871	495
	1,217	1,547	-330
	1,946	1,576	370
	1,624	902	722
	3,958	3,481	477
	365	289	76
	235	176	59
	1,147	975	172
	2,892	2,738	154
	2,551	1,481	1,070
	1,060	505	555
	172	176	-4
	1,230	1,523	-293
	340	287	53
	1,349	1,149	200
	284	216	68
	1,592	1,251	341
	1,010	964	46
	1,053	1,295	-242
	1,234	1,849	-615
	1,547	2,321	-774
	563	568	-5
	643	579	64
	313	269	44
	754	693	61
	1,345	956	389
	293	223	70
	707	668	39
	307	297	10
	417	400	17
	190	215	-25
	1,280	1,351	-71
	494	389	105
	502	341	161
	2,459	1,657	802
	1,452	1,770	-318
	781	885	-104
	2,387	2,492	-105
	94	118	-24
	935	628	307
	456	269	187
	608	338	270
	1,021	422	599
	103	104	-1
	689	879	-190
	65	66	-1
	618	628	-10
	9,427	9,694	-267
	26,186	27,558	-1,372
	16,564	17,229	-665
	6,211	6,274	-63
	574	1,008	-434
	532	934	-402
	269	434	-165
	1,867	1,619	248
	544	465	79
	844	721	123
	727	728	-1
	327	203	124
	739	407	332
	586	616	-30
	611	617	-6
	1,221	1,232	-11
	898	1,522	-624
	1,161	1,249	-88
	1,418	1,091	327
	777	924	-147
	678	884	-206
	627	842	-215
	561	748	-187
	838	810	28
	2,164	2,693	-529
	258	316	-58
	1,140	1,144	-4
	725	714	11
	110	114	-4
	3,464	2,587	877
	268	250	18
	1,817	1,894	-77
	1,997	1,649	348
	7,905	4,839	3,066
	75	57	18
	1,130	883	247
	2	2
	1,528	1,295	233
	32	25	7
	32	26	6
	540	845	-305
	528	805	-277
	2,896	2,268	628
	328	266	62
	1,037	1,356	-319
	1,076	1,424	-348
	333	348	-15
	2,026	1,506	520
	1,587	1,512	75
	1,459	1,299	160
	2,189	2,228	-39
	1,795	1,777	18
	2,209	2,040	169
	1,837	1,329	508
	679	637	42
	904	817	87
	378	303	75
	671	538	133
	1,730	1,235	495
	379	247	132
	797	494	303
	1,214	741	473
	402	303	99
	2,716	2,561	155
	729	598	131
	1,879	1,667	212
	1,223	1,150	73
	694	689	5
	1,103	1,138	-35
	819	811	8
	311	318	-7
	4,075	3,663	412
	1,464	1,472	-8
	549	535	14
	3,884	5,973	-2,089
	424	340	84
	1,204	1,307	-103
	669	923	-254
	80	139	-59
	1,435	1,973	-538
	2,701	2,229	472
	950	772	178
	396	454	-58
	616	705	-89
	658	756	-98
	659	756	-97
	287	303	-16
	420	300	120
	899	929	-30
	530	596	-66
	270	397	-127
	1,117	1,273	-156
	418	299	119
	1,393	1,195	198
	1,312	1,180	132
	736	718	18
	742	800	-58
	803	862	-59
	825	695	130
	315	336	-21
	513	547	-34
	1,348	1,433	-85
	1,262	1,277	-15
	659	639	20
	2,207	1,703	504
	16	9	7
	1,549	888	661
	393	379	14
	345	284	61
	1,387	1,230	157
	12	124	-112
	1,429	1,269	160
	437	371	66
	588	498	90
	64	65	-1
	764	775	-11
	647	631	16
	9,303	6,302	3,001
	552	534	18
	1,346	1,176	170
	2,823	2,392	431
	1,319	1,112	207
	221	229	-8
	111	113	-2
	1,807	1,813	-6
	496	813	-317
	878	2,561	-1,683
	417	313	104
	1,850	1,731	119
	71	70	1
	515	521	-6
	45	45
	1,431	1,586	-155
	609	680	-71
	467	533	-66
	1,192	1,353	-161
	1,182	1,462	-280
	529	676	-147
	164	215	-51
	2,259	3,192	-933
	643	522	121
	461	505	-44
	2,456	2,608	-152
	652	757	-105
	612	747	-135
	974	927	47
	1,217	1,429	-212
	756	803	-47
	214	514	-300
	706	1,552	-846
	349	605	-256
	320	286	34
	1,037	1,082	-45
	1,963	2,084	-121
	2,589	881	1,708
	436	417	19
	25	26	-1
	432	344	88
	18	21	-3
	740	435	305
	569	496	73
	793	507	286
	632	289	343
	862	933	-71
	1,568	2,014	-446
	267	251	16
	1,131	911	220
	819	816	3
	730	708	22
	2,940	2,830	110
	1,123	668	455
	679	762	-83
	1,736	1,574	162
	1,683	1,527	156
	1,540	1,213	327
	1,440	1,418	22
	5,761	4,384	1,377
	1,377	1,418	-41
	2,748	2,837	-89
	3,076	3,111	-35
	2,051	2,075	-24
	3,073	3,111	-38
	2,035	2,071	-36
	8,140	8,295	-155
	14,412	14,713	-301
	6,176	6,244	-68
	7,390	7,415	-25
	6,881	6,866	15
	1,069	1,179	-110
	509	509
	1,084	816	268
	1,136	755	381
	333	331	2
	1,329	1,108	221
	218	258	-40
	169	201	-32
	1,516	1,934	-418
	28,208	26,399	1,809
	1,847	1,425	422
	75	77	-2
	151	154	-3
	540	384	156
	1,018	921	97
	974	1,129	-155
	397	460	-63
	1,656	1,966	-310
	653	733	-80
	1,118	744	374
	7,837	4,408	3,429
	11	9	2
	1,398	1,159	239
	1,334	1,158	176
	393	318	75
	315	304	11
	1,755	1,106	649
	729	1,002	-273
	1,365	1,679	-314
	324	336	-12
	141	95	46
	1,587	1,169	418
			34

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			339
b			32
c			29
d			-85
e			280
			-279
			-295
			-192
			-859
			-72
			-170
			145
			99
			166
			158
			125
			1,054
			-9
			17
			25
			80
			54
			627
			263
			3,045
			-206
			-68
			-111
			49
			264
			718
			-59
			-841
			-86
			-303
			-535
			-284
			-33
			3
			-97
			1,304
			85
			26
			19
			77
			80
			595
			-1,500
			72
			-17
			-25
			-184
			-6
			-12
			45
			495
			-330
			370
			722
			477
			76
			59
			172
			154
			1,070
			555
			-4
			-293
			53
			200
			68
			341
			46
			-242
			-615
			-774
			-5
			64
			44
			61
			389
			70
			39
			10
			17
			-25
			-71
			105
			161
			802
			-318
			-104
			-105
			-24
			307
			187
			270
			599
			-1
			-190
			-1
			-10
			-267
			-1,372
			-665
			-63
			-434
			-402
			-165
			248
			79
			123
			-1
			124
			332
			-30
			-6
			-11
			-624
			-88
			327
			-147
			-206
			-215
			-187
			28
			-529
			-58
			-4
			11
			-4
			877
			18
			-77
			348
			3,066
			18
			247

			233
			7
			6
			-305
			-277
			628
			62
			-319
			-348
			-15
			520
			75
			160
			-39
			18
			169
			508
			42
			87
			75
			133
			495
			132
			303
			473
			99
			155
			131
			212
			73
			5
			-35
			8
			-7
			412
			-8
			14
			-2,089
			84
			-103
			-254
			-59
			-538
			472
			178
			-58
			-89
			-98
			-97
			-16
			120
			-30
			-66
			-127
			-156
			119
			198
			132
			18
			-58
			-59
			130
			-21
			-34
			-85
			-15
			20
			504
			7
			661
			14
			61
			157
			-112
			160
			66
			90
			-1
			-11
			16
			3,001
			18
			170
			431
			207
			-8
			-2
			-6
			-317
			-1,683
			104
			119
			1
			-6

			-155
			-71
			-66
			-161
			-280
			-147
			-51
			-933
			121
			-44
			-152
			-105
			-135
			47
			-212
			-47
			-300
			-846
			-256
			34
			-45
			-121
			1,708
			19
			-1
			88
			-3
			305
			73
			286
			343
			-71
			-446
			16
			220
			3
			22
			110
			455
			-83
			162
			156
			327
			22
			1,377
			-41
			-89
			-35
			-24
			-38
			-36
			-155
			-301
			-68
			-25
			15
			-110

			268
			381
			2
			221
			-40
			-32
			-418
			1,809
			422
			-2
			-3
			156
			97
			-155
			-63
			-310
			-80
			374
			3,429
			2
			239
			176
			75
			11
			649
			-273
			-314
			-12
			46
			418

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	24,416
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 . . . . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2011	94,005	2,468,968	0.038075
2010	96,218	1,584,027	0.060743
2009
2008
2007

2	Total of line 1, column (d) ......................	2	0.098818
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	0.049409
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	2,446,084
5	Multiply line 4 by line 3.......................	5	120,859
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	517
7	Add lines 5 and 6.........................	7	121,376
8	Enter qualifying distributions from Part XII, line 4..............	8	115,625
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)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,034
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	1,034
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,034
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	7,216
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	7,216
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	6,182
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax1,036	Refunded	11	5,146

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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

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

Yes

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

or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?

If “Yes,” complete Part XIV.............................

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

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

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

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).................

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(336) 747-8190

Located at bullet

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

271013818

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

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

At any time during calendar year 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? .................

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)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2012?.............

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

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

At the end of tax year 2012, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2012?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 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.)....................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?

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

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

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

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

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

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

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

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

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

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

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

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

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

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

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

a personal benefit contract?........................YesNo

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (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
WELLS FARGO BANK NA	TRUSTEE 4	38,607
1525 W WT HARRIS BLVD CHARLOTTE,NC282881161	TRUSTEE 4	38,607

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
NONE









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

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
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (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


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.)

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

purposes:

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

2,292,904

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

190,430

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

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

2,483,334

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

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

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

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

2,483,334

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

instructions) .............................

37,250

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

2,446,084

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

122,304

Part XI

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

and do not complete this part.)

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

122,304

Tax on investment income for 2012 from Part VI, line 5......

1,034

Income tax for 2012. (This does not include the tax from Part VI.)...

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

1,034

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

121,270

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

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

121,270

Deduction from distributable amount (see instructions).................

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

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

121,270

Part XII

Qualifying Distributions (see instructions)

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

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

115,625

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

115,625

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).................

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

115,625

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)

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					121,270
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				3,829
b Total for prior years:2010, 20, 20			0
3 Excess distributions carryover, if any, to 2012:
a From 2007.......	0
b From 2008.......	0
c From 2009.......	0
d From 2010.......	0
e From 2011.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2012 from Part
XII, line 4: $ 115,625
a Applied to 2011, but not more than line 2a				3,829
b Applied to undistributed income of prior years (Election required—see instructions)......			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2012 distributable amount.....					111,796
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2012.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2012. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2013 ..........					9,474
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2008....	0
b Excess from 2009....	0
c Excess from 2010....	0
d Excess from 2011....	0
e Excess from 2012....	0

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2012	(b) 2011	(c) 2010	(d) 2009	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ANTI-CRUELTY SOCIETY 157 W GRAND AVENUE CHICAGO,IL60610	NONE	PUBLIC CHARITY	CONTRIBUTION	26,481
CATCHING THE DREAM 8200 MOUNTAIN ROAD NE ALBUQUERQUE,NM87110	NONE	PUBLIC CHARITY	CONTRIBUTION	79,442
Total ................................. 3a				105,923

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	20
4 Dividends and interest from securities....			14	60,157
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	24,416
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				84,593

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

1384,593

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2012)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
007989577 ADVISIOR SER TR
261980494 DREYFUS EMG MKT DEBT
51855Q655 LAUDUS MONDRIAN INTL
76628T645 RIDGEWORTH SEIX HY B
00206RBD3 AT&T INC	9,420	9,360
208251AE8 CONOCO INC	7,762	9,759
36962G3P7 GENERAL ELEC CAP COR	8,245	10,856
38141GGS7 GOLDMAN SACHS GROUP	10,261	11,822
46625HHP8 JPMORGAN CHASE & CO	9,156	9,476
717081DB6 PFIZER INC.	9,347	10,112
92343VAM6 VERIZON COMMUNICATIO	9,009	9,837

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

FRANCES GILMORE FOUNDATION

EIN: 54-6898322

Name of Stock	End of Year Book Value	End of Year Fair Market Value
20030N101 COMCAST CORP CLASS A	3,312	7,397
548661107 LOWES COS INC	4,910	8,454
039483102 ARCHER DANIELS MIDLA	4,637	5,889
126650100 CVS/CAREMARK CORPORA	4,500	7,253
494368103 KIMBERLY CLARK
50075N104 KRAFT FOODS
786514208 SAFEWAY INC NEW	10,612	9,027
166764100 CHEVRON CORP	3,606	6,488
20825C104 CONOCOPHILLIPS	3,948	6,785
565849106 MARATHON OIL CORP	3,761	5,856
637071101 NATIONAL OILWELL INC	1,089	1,094
969457100 WILLIAMS COS
020002101 ALLSTATE CORP	4,685	8,355
064058100 BANK NEW YORK MELLON	6,710	6,656
571748102 MARSH & MCLENNAN COS	4,802	7,101
89417E109 TRAVELERS COMPANIES,	3,938	8,044
071813109 BAXTER INTL INC	5,463	8,599
14149Y108 CARDINAL HEALTH INC	3,976	6,589
478160104 JOHNSON & JOHNSON	6,922	8,342
58933Y105 MERCK & CO INC NEW	4,009	7,083
717081103 PFIZER INC	4,109	7,750
74834L100 QUEST DIAGNOSTICS IN	6,977	8,158
666807102 NORTHROP GRUMMAN COR	4,721	7,434
94106L109 WASTE MANAGEMENT INC	6,387	7,052
458140100 INTEL CORP	4,312	5,031
459200101 INTERNATIONAL BUSIN
620076109 MOTOROLA INC
984121103 XEROX CORP	4,205	4,972
263534109 DU PONT E I DE NEMOU	4,323	6,567
00206R102 AT & T INC	5,408	7,281
92343V104 VERIZON COMMUNICATIO	4,932	7,356
281020107 EDISON INTL COM	4,441	7,185
743263105 PROGRESS ENERGY INC
023135106 AMAZON COM INC COM	4,415	5,770
345370860 FORD MOTOR COMPANY
500255104 KOHLS CORP
55616P104 MACY'S CORP
571903202 MARRIOTT INTERNATION	1,999	2,646
741503403 PRICELINE COM INC	2,870	3,102
25490A101 THE DIRECTV GROUP
254687106 WALT DISNEY CO
20825C104 CONOCOPHILLIPS
406216101 HALLIBURTON CO	7,596	8,638
651290108 NEWFIELD EXPL
674599105 OCCIDENTAL PETE CORP	6,913	6,512
025816109 AMERICAN EXPRESS CO	3,335	4,368
172967101 CITIGROUP INC
018490102 ALLERGAN INC	1,664	1,651
302182100 EXPRESS SCRIPTS
91324P102 UNITEDHEALTH GROUP
231021106 CUMMINGS INC
247361702 DELTA AIR LINES
278058102 EATON CORP
291011104 EMERSON ELECTRIC
740189105 PRECISION CASTPARTS
907818108 UNION PACIFIC
00846U101 AGILENT TECHNOLOGIES	3,868	3,807
037833100 APPLE INC	5,480	20,223
177376100 CITRIX SYS
268648102 EMC CORP
315616102 F5 NETWORKS INC	1,446	1,652
38259P508 GOOGLE INC	9,483	11,318
48203R104 JUNIPER NETWORKS
64110D104 NETAPP INC	4,380	3,321
68389X105 ORACLE CORPORATION	3,940	5,131
747525103 QUALCOMM INC	8,481	10,702
79466L302 SALESFORCE COM INC	1,800	3,194
928563402 VMARE INC
029912201 AMERICAN TOWERS SYST
056752108 BAIDU INC
D1668R123 DAIMLERCHRYSLER
N53745100 LYONDELLBASELL
02364W105 AMERICA MOVIL
046353108 ASTRAZENECA PLC
002255107 AU OPTRONICS
052528304 AUSTRAILIA & NEW ZEA
05967A107 BANCO SANTANDER BRAS
05964H105 BANCO SANTANDER CEN
06738E204 BARCLAYS PLC
088606108 BHP BILLITON LIMITED
05565A202 BNP PARIBAS-ADR
138006309 CANNON INC-ADR
166744201 CHEUNG KONG (HOLDING
168919108 CHINA CONSTRUCTION
16945R104 CHINA UNICOM (HONG
25030W100 DESARROLLADORA HOMEX
273202101 EAST JAPAN RAILWAY C
292505104 ENCANA CORP
26874R108 ENI SPA ADR
29666V204 ESPRIT HOLDINGS LIMI
35958N107 FUJIFILM HLDGS CORP
37733W105 GLAX0SMITHKLINE PLC
425166303 HENDERSON LD DEV LTD
434741203 HOLCIM LTD
448415208 HUTCHISON WHAMPOA
450737101 IBERDROLA SA
453142101 IMPERIAL TOBACO GROU
46018M104 INTERNATIONAL POWER
55607P105 MACQUARIE BK LTD
606769305 MITSUBISHI CORPORATI
606822104 MITSUBISHI UFJ FINL
626188106 MUENCHINER RUECK ADR
626425102 MURATA MANUFACTURING
633643408 NATIONAL BANK OF GRE
636274300 NATIONAL GRID PLC
65334H102 NEXEN INC
654624105 NIPPON TELEGRAPH AND
654633304 NIPPON YUSEN KABUSHI
654744408 NISSAN MOTOR CO LTD
654802206 NITTO DENKO CORP ADR
654902204 NOKIA CORPORATION AD
62942M201 NTT DOMOMO INC ADR
71654V408 PETROLEO BRASILEIRO
73328P106 PORSCHE AUTOMOBIL HO
693483109 POSCO ADR
76026T205 REPSOL YPF ADR
780259107 ROYAL DUTCH SHELL PL
795842202 SALZGITTER AG
80105N105 SANOFI-ADR	2,175	2,653
81783H105 SEVEN & I HOLDINGS
824551105 SHIN ETSU CHEMICAL
85771P102 STATOIL ASA
865612105 SUMITOMO CHEMICAL
871013108 SWISSCOM AG ADR
874060205 TAKEDA PHARMACEUTICA
879382208 TELEFONICA SA ADR
87969N204 TELSTRA CORPORATION
891160509 TORONTO DOMINION BK
87260W101 TNT NV
89151E109 TOTAL SA ADR
892331307 TOYOTA MOTOR CORP AD
904784709 UNILEVER NV ADR
92857W209 VODAFONE GROUP PLC
984851204 YARA INTL ASA
98982M107 ZURICH FINANCIAL SVC
368287207 OAO GAZPROM LEVEL
099724106 BORG WARNER INC
23331A109 DR HORTON INC
237194105 DARDEN RESTAURANTS
718592108 PHILLIPS VAN HEUSEN
745867101 PULTE GROUP
833034101 SNAP ON
42330P107 HELIX ENERGY SOLUTIO
651290108 NEWFIELD EXPL
966387102 WHITING PETE CORP
046265104 ASTORIA FINL
247131105 DELPHI FIN GROUP
278265103 EATON VANCE CORP COM	7,303	8,536
472319102 JEFFERIEC GROUP
493267108 KEYCORP NEW
743674103 PROTECTIVE LIFE
754730109 RAYMOND JAMES
759351604 REINSURANCE GROUP
909907107 UNITED BANSHARES
075811109 BECKMAN COULTER INC
15135B101 CENTENE CORP
156708109 CEPHALON INC
222816100 COVANCE INC
302182100 EXPRESS SCRIPTS INC
452526106 IMMUCOR INC
717124101 PHARMACEUTICAL
000361105 AAR CORP
231021106 CUMMINS INC
415864107 HARSCO CORP
574599106 MASCO CORP
760759100 REPUBLIC SERVICES IN	1,781	2,141
887389104 TIMKEN CO
942622200 WATSCO INC
052769106 AUTODESK INC
302445101 FLIR SYS INC
37940X102 GLOBAL PMTS INC
413875105 HARRIS CORP
460254105 INTERNATIONAL RECTIF
461202103 INTUIT COM
871607107 SYNOPSYS INC
879664100 TELLABS OPERATIONS,	1,956	1,133
983919101 XILINX INC	6,294	6,957
01741R102 ALLEGHENY TECHNOLOGI	1,784	1,943
277432100 EASTMAN CHEM
810186106 THE SCOTTS MIRACLE
920355104 VALSPAR CORP
78388J106 SBA COMMUNICATIONS
029912201 AMERICAN TOWER SYSTE
682680103 ONEOK INC
838518108 SOUTH JERSEY IND
92924F106 WGL HOLDINGS
Y2573F102 FLEXTRONICS INC LTD
024061103 AMERICAN AXLE & MFG
043353101 ARVINMERITOR INC
05874B107 BALLY TECHNOLOGIES
09180C106 BJS RESTAURANTS
168615102 CHICO FAS INC
243537107 DECKERS OUTDOOR
302941109 FTI CONSULTING
371532102 GENESCO INC
723456109 PENNACLE ENTERTAINME
825549108 SHUFFLE MASTER INC
835898107 SOTHEBYS
556269108 STEVEN MADDEN LTD
880349105 TENNECO INC
913483103 UNIVERSAL ELECTRONIC
92927K102 WABCO HOLDINGS
35804H106 FRESH MARKETS
92849E101 VITAMIN SHOPPE INC
109178103 BRIGHAM EXPLORATION
18911Q102 CLOUD PEAK ENERGY
549764108 LUFKIN INDS INC COM	1,512	1,686
671074102 OYO GEOSPACE CORP
14754D100 CASH AMERICA INTERNA
26433B107 DUFF & PHELPS CORP
552848103 MGIC INVT CORP
684010101 OPTIONSXPRESS HLDGS
902788108 UMB FIN CORP
01988P108 ALLSCRIPTS HEALTHCAR
09061G101 BIOMARIN PHARMACEUTI
116794108 BRUKER CORPORATION
14888B103 CATALYST HEALTH SOLU
15135B101 CENTENE CORP
422368100 HEARTWARE INTERNATIO
584045108 MEDASSETS INC
58471A105 MEDIDATA SOLUTIONS
699462107 PAREXEL INTEL
75886F107 REGENERON PHARMACEUT
795435106 SALIX PHARMACEUTICAL
812578102 SEATTLE GENETICS
82966C103 SIRONA DENTAL SYSTEM
885175307 THORATEC LABORATORIE
92846N104 VITAL IMAGES
049164205 ATLAS AIR WORLDWIDE
36159R103 GEO GROUP
384313102 GRAFTECH INTL
477143101 JETBLUE AWYS
515098101 LANDSTAR SYS
611742107 MONSTER WORLDWIDE IN
667746101 NORTHWEST PIPE
758750103 REGAL BELOIT CORP
896818101 TRIUMPH GROUP
941053100 WASTE CONNECTIONS
03662Q105 ANSYS INC
192479103 COHERENT IN
23335C101 DTS INC
45666Q102 INFORMATICA CORP
64118B100 NETLOGIC MICROSYSTEM
727493108 PLATRONICS INC
747582104 QUALITY SYSTEMS INC
75025N102 RADIANT SYSTEMS
768573107 RIVERBED TECHNOLOGY
779376102 ROVI CORPORATION
803062108 SAPIENT CORP
880770102 TERADYNE INC	1,543	1,655
88632Q103 TIBCO SOFTWARE INC
922207105 VARIAN SEMICONDUCTOR
922417100 VEECO INSTRUC
447011107 HUNTSMAN CORP
46121Y102 INTREPID POTASH
26873N108 EMS TECHNOLOGIES
G4412G101 HERBALIFE LTD
45103T107 ICON PLC ADR
758075402 REDWOOD TR INC
22544R305 CREDIT SUISSE COMM R	120,000	99,136
25264S833 DIAMOND HILL LONG-SH	75,000	81,387
256206103 DODGE & COX INT'L ST	160,000	150,773
411511306 HARBOR INTERNATION F	160,000	158,773
448108100 HUSSMAN STRATEGIC GR	100,000	88,880
589509108 MERGER FD SH BEN INT	50,000	49,500
683974505 OPPENHEIMER DEVELOPI	125,943	129,929
73753A103 POSTNL. N.V. SPONSOR
780259206 ROYAL DUTCH SHELL PL
78463X863 SPDR DJ WILSHIRE INT	69,876	73,148
87262N109 TNT EXPRESS NV-ADR
922042858 VANGUARD MSCI EMERGI	75,922	72,896
922908553 VANGUARD REIT VIPER	136,804	158,381
086516101 BEST BUY INC
17306X102 CITI TRENDS INC
36467W109 GAMESTOP CORP NEW	1,725	1,982
401617105 GUESS INC	2,701	2,135
418056107 HASBRO INC	1,600	1,651
054303102 AVON PRODS INC	5,918	3,188
60871R209 MOLSON COORS BREWING	2,340	2,311
786514208 SAFEWAY
12802T101 CAL DRIVE INTERNATIO
13342B105 CAMERON INTL CORP	1,193	1,412
261608103 DRESER RAND
651290108 NEWFIELD EXPL
723787107 NEWFIELD
845467109 SOUTHWESTERN ENERGY	1,992	2,071
91913Y100 VALERO ENERGY
524901105 LEGG MASON
665859104 NORTHERN TRUST CORP	7,366	7,825
712704105 PEOPLE'S UNITED FINA	2,483	2,454
693366205 PICO HOLDINGS INC	1,893	1,500
743315103 PROGRESSIVE CORP OHI	2,404	2,511
808513105 SCHWAB CHARLES CORP	2,061	2,570
00817Y108 AETNA INC-NEW	1,820	2,269
101137107 BOSTON SCIENTIFIC CO	2,334	1,914
436440101 HOLOGIC
74834L100 QUEST DIAGNOSTICS
918194101 VCA ANTECH INC
018804104 ALLIANT TECHSYSTEMS	1,981	1,859
205944101 CONWAY
30162A108 EXELIS
302130109 EXPEDITORS INTL WASH	2,653	2,413
450911201 ITT CORP	1,379	1,619
760759100 REPUBLIC SERVICES
774341101 ROCKWELL COLLINS
784635104 SPX CORP	1,500	1,894
880779103 TEREX CORP NEW	867	2,193
98419M100 XYLEM INC/NY	2,419	2,060
032095101 AMPHENOL CORP CL A	3,273	4,464
12673P105 CA INC	1,738	1,802
25659T107 DOLBY LAB
346375108 FORM FACTOR
53578106 LINEAR TECH
871503108 SYMANTEC CORP	2,009	2,202
879664100 TELLABS OP
959802109 WESTERN UNION CO/THE	3,204	2,341
826552101 SIGMA ALDRICH CORP	1,577	1,840
810186106 THE SCOTTS MIRACLE
591708102 METROPCS
902681105 UGI CORP NEW COM	1,628	1,701
008474108 AGNICO EAGLE MINES L	1,189	1,731
12626K203 CRH PLC - ADR	2,284	2,197
H27178104 FOSTER WHEELER
H2906T109 GARMIN
G47791101 INGERSOLL RAND
760975102 RESEARCH IN MOTION
83172R108 SMART TECH
H8817H100 TRANSOCEAN LTD.	1,909	2,054
H27013103 WEATHERFORD INTL LTD	5,896	3,659
25470F104 DISCOVERY COMMUNICAT	959	1,587
580135101 MCDONALDS CORP	1,137	1,323
654106103 NIKE INC CL B	5,264	6,295
693656100 PVH CORP	2,337	4,107
91747102 URBAN OUTFITTERS
92553P201 VIACOM INC NEW	3,028	3,639
988498101 YUM BRANDS INC	1,008	1,262
054303102 AVON
191216100 COCA COLA
2216OK105 COSTCO WHOLESALE
713448108 PEPSICO INC	3,831	4,106
742718109 PROCTER & GAMBLE CO	3,191	3,462
13342B105 CAMERON
25179M103 DEVON ENERGY
406216101 HALLIBURTON
637071101 NATIONAL OILWELL
674599105 OCCIDENTAL
025816109 AMERICAN EXPRESS
12504L109 CBRE GROUP INC	4,268	4,179
12572Q105 CME GROUP INC	3,195	2,787
45865V100 INTERCONTINENTALEXCH	1,759	1,733
665859104 NORTHERN TRUST
74144T108 T ROWE PRICE GROUP I	1,483	1,823
002824100 ABBOTT LABS	5,323	6,223
071813109 BAXTER INTL
375558106 GILEAD SCIENCE
790849103 ST JUDE MED
883556102 THERMO
235851102 DANAHER CORP	3,288	3,745
291011104 EMERSON ELECTRIC
77303109 ROCKWELL
907818108 UNION PAC CORP
032095101 AMPHENOL
037833100 APPLE
29444U502 EQUINIX INC	2,165	4,330
38259P508 GOOGLE
57636Q104 MASTERCARD INC	2,223	4,422
594918104 MICROSOFT CORP
64110D104 NETAPP
67066G104 NVIDIA
68389X105 ORACLE CORP
747525103 QUALCOMM INC
79466L302 SALESFORCE
882508104 TEXAS INSTRUMENTS
959802109 WESTERN UNION
983919101 XILINX
278865100 ECOLAB INC	1,168	1,726
7400 PRAXAIR INC COM
029912201 AMERICAN TOWER
228277104 CROWN CASTLE
806558107 SCHLUMBERGER LTD
881624209 TEVA PHARMACEUTICAL	973	934
02553E106 AMERICAN EAGLE OUTFI	1,322	2,502
126804301 CABELAS INC	5,363	8,475
418056107 HASBRO INC
817565104 SERVICE CORP INTL	5,081	6,463
864159108 STURM RUGER & CO INC	1,722	3,995
29266R108 ENERGIZER HOLDINGS I	2,640	3,119
67018T105 NU SKIN ENTERPRISES	4,712	4,891
741511109 PRICESMART INC	3,781	8,469
050095108 ATWOOD OCEANICS INC	6,744	7,097
49455U100 KINDER MORGAN MGMT L	1,597	2,113
07175100 ALLEGHANY
27826103 EATON VANCE
55262C100 MBIA INC	4,328	3,305
879080109 TEJON RANCH CO	3,658	3,398
690732102 OWEN AND MINOR
88033G100 TENET HEALTHCARE
014482103 ALEXANDER AND BALD
22025Y407 CORRECTIONS CORP OF	4,664	6,917
483548103 KAMAN CORPCOMMON	4,073	4,379
498904200 KNOLL INC
679580100 OLD DOMINION FREIGHT	4,989	7,816
894650100 TREDEGAR CORPORATION	3,886	4,064
007974108 ADVENT SOFTWARE INC	3,509	2,758
594732101 MICREL INC COM
92046N102 VALUECLICK INC	4,117	5,474
012653101 ALBEMARLE CORP COM	6,693	8,324
573284106 MARTIN MARIETTA MATL	2,555	2,828
65187107 NEWMARKET
G62185106 MONTPELIER RE HOLDIN	4,054	5,075
G9618E107 WHITE MTNS INS GROUP	2,903	4,120
32054K103 FIRST INDL RLTY TR I	2,569	3,393
41902R103 HATTERAS FINANCIAL C	3,467	2,804
902653104 UDR INC
548661107 LOWES
071813109 BAXTER
74834L100 QUEST
755111507 RAYTHEON CO	6,385	7,598
17275102 CISCO
004764106 ACME PACKET INC	1,522	1,924
00507V109 ACTIVISION BLIZZARD	2,363	2,273
00724F101 ADOBE SYS INC	3,273	3,655
014491104 ALEXANDER & BALDWIN	2,938	3,936
017175100 ALLEGHANY CORP DEL N	2,564	2,683
03027X100 AMERICAN TOWER CORP	3,908	9,427
053611109 AVERY DENNISON CORP	1,484	1,536
067383109 BARD C R INC	1,190	1,173
089302103 BIG LOTS INC	2,798	2,277
097023105 BOEING CO	2,282	2,336
151020104 CELGENE CORP COM	2,151	2,040
167250109 CHICAGO BRIDGE & IRO	1,798	2,132
169656105 CHIPOTLE MEXICAN GRI	3,969	4,164
17275R102 CISCO SYSTEMS INC	5,130	6,406
198516106 COLUMBIA SPORTSWEAR	2,947	3,202
20451N101 COMPASS MINERALS INT	1,401	1,345
20605P101 CONCHO RESOURCES INC	1,504	1,370
22160K105 COSTCO WHOLESALE COR	4,741	6,516
228227104 CROWN CASTLE INTL CO	4,452	8,226
25243Q205 DIAGEO PLC - ADR	2,757	3,497
256677105 DOLLAR GENERAL CORP	3,146	2,822
260003108 DOVER CORP COM	1,767	1,906
26138E109 DR PEPPER SNAPPLE GR	1,373	1,502
29264F205 ENDO HEALTH SOLUTION	1,353	1,312
30303M102 FACEBOOK INC	1,484	1,278
307000109 FAMILY DLR STORES IN	1,071	1,015
31428X106 FEDEX CORPORATION	2,429	2,385
375558103 GILEAD SCIENCES INC	2,359	4,260
42222G108 HEALTH NET INC	2,376	2,430
438516106 HONEYWELL INTERNATIO	4,377	4,697
444859102 HUMANA INC	1,451	1,304
46120E602 INTUITIVE SURGICAL I	1,075	981
481165108 JOY GLOBAL INC	1,731	1,722
487836108 KELLOGG CO	3,167	3,463
50076Q106 KRAFT FOODS GROUP IN	5,663	6,866
50077C106 KRATON PERFORMANCE P	3,035	3,797
512807108 LAM RESEARCH CORP CO	1,481	1,445
517834107 LAS VEGAS SANDS CORP	1,351	1,708
518439104 ESTEE LAUDER COMPANI	1,182	1,197
535678106 LINEAR TECHNOLOGY CO	2,256	2,401
550021109 LULULEMON ATHLETICA	1,176	1,525
57686G105 MATSON INC.	2,706	3,312
594793101 MICREL INC COM	4,637	3,667
609207105 MONDELEZ INTERNATION	2,513	4,353
620076307 MOTOROLA SOLUTIONS,	3,332	7,350
651587107 NEWMARKET CORP	4,551	9,177
718172109 PHILIP MORRIS INTERN	2,830	2,760
724479100 PITNEY BOWES INC	2,508	1,607
73172K104 POLYCOM INC COM	1,502	1,517
74005P104 PRAXAIR INC COM	4,783	5,363
767744105 RITCHIE BROS AUCTION	2,976	3,134
773903109 ROCKWELL AUTOMATION	2,113	2,520
806857108 SCHLUMBERGER LTD	9,472	7,969
82481R106 SHIRE PLC ADR	2,379	2,489
854502101 STANLEY BLACK & DECK	1,763	1,849
87425E103 TALISMAN ENERGY INC	1,157	1,144
88033G407 TENET HEALTHCARE COR	4,849	5,552
891027104 TORCHMARK CORP	1,456	1,447
917047102 URBAN OUTFITTERS INC	1,354	2,165
92532F100 VERTEX PHARMACEUTICA	2,074	1,760
978097103 WOLVERINE WORLD WIDE	1,784	1,680
981475106 WORLD FUEL SERVICES	5,080	4,693
G0450A105 ARCH CAPITAL GROUP L	1,365	1,409

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
007989577 ADVISORS SER TR PIA	AT COST	55,726	61,935
261980494 DREYFUS EMG MKT DEBT	AT COST	45,000	47,574
51855Q655 LAUDUS MONDRIAN INTL	AT COST	90,000	87,506
76628T645 RIDGEWORTH SEIX HY B	AT COST	90,000	90,535

Description	Amount
MUTUAL FUND TIMING DIFFERENCE	3,718
ROC BASIS ADJUSTMENT	5
COST BASIS ADJUSTMENT	1,652

Category	Amount	Net Investment Income
FOREIGN TAXES	59	59
FEDERAL TAX PAYMENT - PRIOR YE	5,555	0
FEDERAL ESTIMATES - PRINCIPAL	7,216	0
FOREIGN TAXES ON QUALIFIED FOR	658	658
FOREIGN TAXES ON NONQUALIFIED	463	463