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
AW WALLACE CHARITABLE TR

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

43-6907367

B Telephone number (see instructions)

(336) 747-8169

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

$6,354,972J 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	23		23
4	Dividends and interest from securities......	140,299		136,557
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		78,854
b	Gross sales price for all assets on line 6a 581,798
7	Capital gain net income (from Part IV, line 2)...			78,854
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........	219,176		215,434
13	Compensation of officers, directors, trustees, etc.	70,292		52,719		17,573
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		17,261	4,778		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	87,553		57,497	0	17,573
25	Contributions, gifts, grants paid........	291,082				291,082
26	Total expenses and disbursements. Add lines 24 and 25	378,635		57,497	0	308,655
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-159,459
b	Net investment income (if negative, enter -0-)			157,937
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..........	376,633	169,159	169,159
	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)	178,647	157,666	158,095
	b	Investments—corporate stock (attach schedule)........	3,080,342	4,493,478	5,498,421
	c	Investments—corporate bonds (attach schedule)........	426,594	308,624	310,452
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,452,605	209,856	218,844
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2	1	1
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,514,823	5,338,784	6,354,972
	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.........	5,514,823	5,338,784
	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)....................	5,514,823	5,338,784
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	5,514,823	5,338,784

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	5,514,823
2	Enter amount from Part I, line 27a.....................	2	-159,459
3	Other increases not included in line 2 (itemize)	3	25,122
4	Add lines 1, 2, and 3..........................	4	5,380,486
5	Decreases not included in line 2 (itemize)	5	41,702
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	5,338,784

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	325. ADT CORP/THE	2012-03-21	2012-11-15
b	665. BAKER HUGHES INC COM	2011-10-24	2012-05-15
c	2000. CVS CAREMARK CORP 5.750% 6/01/17	2011-09-01	2012-12-07
d	25000. FED NATL MTG ASSN 4.750% 11/19/12	2011-08-22	2012-08-15
e	400. FEDEX CORP COM	2007-10-10	2012-03-21
	14000. GENERAL ELEC CAP CORP BD DTD 06/07/2002	2011-09-06	2012-05-02
	8614.916 HARBOR FD INTL GROWTH FD	2009-03-02	2012-05-02
	12000. JOHNSON & JOHNSON 5.150% 8/15/12	2011-09-01	2012-02-28
	1050. JOHNSON CTLS INC COM W/RTS ATTACHED EXP 11/30/2004	2011-08-17	2012-11-15
	25000. KIMBERLY CLARK CORP 5.625% 02-15-12	2006-06-16	2012-02-15
	14000. ELI LILLY & CO 3.550% 3/06/12	2011-09-07	2012-03-06
	500. PEPSICO INC COM	2004-02-18	2012-03-21
	500. PHILLIPS 66	2010-06-09	2012-05-15
	435. PRAXAIR INC COM	2012-11-15	2012-12-19
	450. PROCTER & GAMBLE CO COM	2005-03-02	2012-08-23
	25000. TARGET CORP NT DTD 3/11/2002 5.875% 03/0	2005-05-06	2012-03-01
	385. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011	2009-11-06	2012-08-23
	25000. US TREASURY NOTE 4.250% 9/30/12	2012-02-28	2012-07-20
	850. WATERS CORP COM	2007-04-27	2012-05-24
	.963 PENTAIR, LTD.	2012-03-21	2012-10-11
	155. PENTAIR, LTD.	2012-03-21	2012-11-15

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,439	11,259	2,180
b	27,128	37,453	-10,325
c	2,424	2,314	110
d	25,296	26,361	-1,065
e	38,267	43,036	-4,769
	14,084	14,541	-457
	103,293	56,600	46,693
	12,264	12,528	-264
	26,344	33,417	-7,073
	25,000	25,068	-68
	14,000	14,226	-226
	32,754	25,690	7,064
	15,748	11,709	4,039
	47,736	45,988	1,748
	29,982	24,180	5,802
	25,000	26,743	-1,743
	12,628	9,094	3,534
	25,194	25,794	-600
	69,729	50,785	18,944
	42	38	4
	6,735	6,120	615

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			2,180
b			-10,325
c			110
d			-1,065
e			-4,769
			-457
			46,693
			-264
			-7,073
			-68
			-226
			7,064
			4,039
			1,748
			5,802
			-1,743
			3,534
			-600
			18,944
			4
			615

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	78,854
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	259,588	6,333,801	0.040985
2010	327,118	5,921,334	0.055244
2009	295,877	5,477,567	0.054016
2008	350,006	6,298,639	0.055569
2007	320,795	7,003,262	0.045807

2	Total of line 1, column (d) ......................	2	0.251621
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	0.050324
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	6,116,682
5	Multiply line 4 by line 3.......................	5	307,816
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,579
7	Add lines 5 and 6.........................	7	309,395
8	Enter qualifying distributions from Part XII, line 4..............	8	308,655
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	3,159
	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	3,159
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	3,159
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	6,592
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	6,592
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	3,433
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax3,160	Refunded	11	273

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 Telephone no. bullet

(336) 747-8169

Located at bullet

1 WEST 4TH ST 2ND FLOORWINSTON SALEMNC 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	TRUSTEE 4	70,292
1525 W WT Harris BLVD D1114-044 Charlotte,NC282881161	TRUSTEE 4	70,292

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

6,001,671

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

208,158

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

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

6,209,829

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

6,209,829

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

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

93,147

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

6,116,682

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

305,834

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

305,834

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

3,159

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

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

3,159

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

302,675

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

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

302,675

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

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

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

302,675

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 ..........

308,655

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

308,655

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

308,655

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					302,675
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				291,082
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: $ 308,655
a Applied to 2011, but not more than line 2a				291,082
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.....					17,573
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 ..........					285,102
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
KANSAS UNIVERISTY ENDOWMENT ASSOCIATION PO BOX 928 LAWRENCE,KS660440928	NONE	PUBLIC EXEMPT	SCHOLARSHIPS	87,325
UNIVERSITY OF TEXAS SYSTEM OFFICE OF ESTATES AND TRUSTS 210 W 6TH STREET SUITE 1200 AUSTIN,TX78701	NONE	PUBLIC EXEMPT	SCHOLARSHIPS	203,757
Total ................................. 3a				291,082

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	23
4 Dividends and interest from securities....			14	140,299
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	78,854
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)..				219,176

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

13219,176

(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

- TIN:

TY 2012 InvestmentsCorpBondsSchedule

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Name of Bond	End of Year Book Value	End of Year Fair Market Value
458809407 AMERICAN INTERMEDIAT
108747403 BRIDGEWAY ULTRA
128119807 CALAMOS GRWTH FD
349913889 FORWARD HOOVER SMALL
411511801 HARBOR INTERNATIONAL
411511843 HARBOR SMALL CAP
68380L407 OPPENHEIMER INTERNAT
74972H648 RS GLOBAL
863137105 STRATTON SMALL CAP
04315J837 ARTIO INTERNATIONAL
411511306 HARBOR INTERNATIONAL
261980494 DREYFUS EMG MKT DEBT
76628T645 RIDGEWORTH SEIX HY B
478160AP9 JOHNSON AND JOHNSON
494368AR4 KIMBERLY CLARK CORP
50075NAU8 KRAFT FOODS INC	8,347	8,517
61747YCE3 MORGAN STANLEY	9,486	9,803
68389XAD7 ORACLE CORP	12,850	12,154
713448BN7 PEPSICO INC	13,634	13,877
816851AN9 SEMPRA ENERGY	8,295	8,206
87612EAH9 TARGET CORP
87612EAN6 TARGET CORP	10,717	10,617
887317AF5 TIME WARNER INC
931142CU5 WAL-MART STORES INC	12,850	13,340
94973VAS6 WELLPOINT INC	5,375	5,519
025816BA6 AMERICAN EXPRESS CO	10,299	9,794
031162AZ3 AMGEN INC	10,854	10,882
06051GEC9 BANK OF AMERICA CORP	15,449	17,784
166751AJ6 CHEVRON CORP	14,322	14,316
126650BH5 CVS CAREMARK
532457BD9 ELI LILLY & CO
291011AP9 EMERSON ELEC CO	26,768	26,122
36992GYY4 GENERAL ELEC CAP
38141GEA8 GOLDMAN SACHS GROUP	12,690	12,891
437076AP7 HOME DEPOT INC	7,970	7,997
40429CFN7 HSBC FINANCE CORP	7,562	7,822
459200GN5 IBM CORP	13,453	12,584
4642885288 ISHARES
00206RAV4 AT&T INC	13,639	13,554
126650BH2 CVS CAREMARK CORP	3,471	3,587
14912L4F5 CATERPILLAR FINANCIA	12,996	12,794
25459HAY1 DIRECTV HLDG/FIN INC	5,275	5,297
260543CA9 DOW CHEMICAL CO/THE	5,666	5,516
36962G5J9 GENERAL ELEC CAP COR	15,292	15,975
46625HHR4 JPMORGAN CHASE & CO	12,657	12,661
494550AY2 KINDER MORGAN ENER	5,956	5,987
59156RAN8 METLIFE INC	16,634	16,514
594918AB0 MICROSOFT CORP	5,276	5,184
883556AZ5 THERMO FISHER SCIENT	5,383	5,318
887317AF2 TIME WARNER INC	5,458	5,840

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Name of Stock	End of Year Book Value	End of Year Fair Market Value
548661107 LOWES CO
824348106 SHERWIN WILLIAMS
948626106 WEIGHT WATCHERS
968223206 WILEY JOHN & SONS
713448108 PEPSICO INC	25,555	34,215
742718109 PROCTER & GAMBLE CO	29,553	37,340
931142103 WAL MART STORES INC	23,622	34,115
478160104 JOHNSON & JOHNSON	25,490	35,050
703395103 PATTERSON CO
717081103 PFIZER INC
74834L100 QUEST DIAGNOTICS
941848103 WATERS CORP
053611109 AVERY DENNISON
31428X106 FEDEX CORPORATION
452308109 ILLINOIS TOOL WORKS
88579Y101 3M CO	65,698	78,923
81369Y506 AMEX ENERGY SELECT
20825C104 CONOCOPHILLIPS	39,399	57,990
30231G102 EXXON MOBIL CORPORAT	35,743	73,568
674599105 OCCIDENTAL PETE CORP	38,616	65,119
084670702 BERKSHIRE HATHAWAY I	47,532	76,245
354613101 FRANKLIN RESOURCES
46625H100 JPMORGAN CHASE & CO	79,680	81,343
857477103 STATE STREET CORP
902973304 US BANCORP DEL NEW	70,860	95,820
81369Y803 AMEX TECHNOLOGY
053015103 AUTOMATIC DATA
459200101 INTERNATIONAL BUSINE	55,466	100,564
594918104 MICROSOFT CORP	52,588	53,419
959802109 WESTERN UNION
810186106 THE SCOTT MIRACLE GR
729251108 PLUM CREEK TIMBER CO	23,152	34,165
78464A607 SPDR DOW JONES
002824100 ABBOTT LABS	34,202	44,868
037833100 APPLE INC	32,267	45,235
04315J837 ARTIO INTERNATIONAL	146,000	202,269
057224107 BAKER HUGHES INC COM
097023105 BOEING CO	35,672	41,448
14040H105 CAPITAL ONE FINANCIA	32,668	42,579
20030N101 COMCAST CORP CLASS A	34,019	59,776
22544R305 CREDIT SUISSE COMM R	291,161	255,522
25243Q205 DIAGEO PLC - ADR	35,019	47,798
25264S833 DIAMOND HILL LONG-SH	232,929	270,351
254687106 WALT DISNEY CO	33,250	49,790
256206103 DODGE & COX INT'L ST	259,048	299,414
268648102 E M C CORP MASS	33,645	37,950
339128100 JP MORGAN MID CAP VA	116,465	147,839
38142Y401 GOLDMAN SACHS GRTH O	116,465	130,219
411511306 HARBOR INTERNATION F	151,000	312,671
411511801 HARBOR INTL GROWTH F
411511843 HARBOR SMALL-CAP VAL	37,700	90,952
437076102 HOME DEPOT INC	34,937	58,758
448108100 HUSSMAN STRATEGIC GR	232,939	199,104
478366107 JOHNSON CONTROLS INC
487300808 KEELEY SMALL CAP VAL	35,140	47,709
589509108 MERGER FD SH BEN INT	116,465	117,579
66987V109 NOVARTIS AG - ADR	36,187	38,930
68389X105 ORACLE CORPORATION	34,062	41,650
683974505 OPPENHEIMER DEVELOPI	333,322	367,454
78463X863 SPDR DJ WILSHIRE INT	277,195	327,037
863137105 STRATTON SM-CAP VALU	28,270	60,658
87234N849 TCW SMALL CAP GROWTH	160,777	177,318
872540109 TJX COS INC NEW	33,388	52,214
907818108 UNION PACIFIC CORP	33,452	45,888
922042858 VANGUARD MSCI EMERGI	333,649	361,584
922908553 VANGUARD REIT VIPER	276,842	336,962
G1151C101 ACCENTURE PLC	37,972	43,225
025816BA6 AMERICAN EXPRESS CO
031162AZ3 AMGEN INC
06051GEC9 BOA CORP
166751AJ6 CHEVRON CORP
126650BH5 CVS CAREMARK CORP
532457BD9 ELI LILLY & CO
291011AP9 EMERSON ELEC CO
36962GYY4 GENERAL ELEC CAP COR
38141GEA8 GOLDMAN SACHS GROUP
437076AP7 HOME DEPOT INC
40429CFN7 HSBC FINANCE CORP
459200GN5 IBM CORP
464288588 ISHARES
03524A108 ANHEUSER-BUSCH INBEV	35,283	45,016
375558103 GILEAD SCIENCES INC	42,733	60,596
58155Q103 MCKESSON CORP	34,792	38,784
881624209 TEVA PHARMACEUTICAL	35,408	30,432
G29183103 EATON CORP PLC	47,039	46,866
H0023R105 ACE LIMITED	41,946	45,087
H89128104 TYCO INTERNATIONAL L	17,216	19,013

- TIN:

TY 2012 InvestmentsGovtObligationsSch

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

US Government Securities - End of Year Book Value:

157,666

US Government Securities - End of Year Fair Market Value:

158,095

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2012 InvestmentsOtherSchedule2

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
9AGE01034 PENALOSA COOPERATIVE
PLUM CREEK TIMBER CO INC
CREDIT SUISSE COMMODITY
SPDR DJ WILSHIRE INTERNATIONAL
VANGUARD REIT VIPER
25264S833 DIAMOND HILL LONG
448108100 HUSSMAN
589509108 MERGER
261980494 DREYFUS EMG MKT DEBT	AT COST	78,255	81,212
464288588 ISHARES BARCLAYS MBS	AT COST	25,570	25,378
76628T645 RIDGEWORTH SEIX HY B	AT COST	106,031	112,254

- TIN:

TY 2012 OtherAssetsSchedule

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
9AGE01034 PENALOSA COOPERATIVE	2	1	1

- TIN:

TY 2012 OtherDecreasesSchedule

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Description	Amount
COST BASIS ADJUSTMENT	41,702

- TIN:

TY 2012 OtherIncreasesSchedule

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Description	Amount
MUTUAL FUNDS TIMING DIFFERENCE	25,122

- TIN:

TY 2012 TaxesSchedule

Name:

AW WALLACE CHARITABLE TR

EIN: 43-6907367

Category	Amount	Net Investment Income
FOREIGN TAXES	856	856
FEDERAL TAX PAYMENT - PRIOR YE	5,891	0
FEDERAL ESTIMATES - PRINCIPAL	6,592	0
FOREIGN TAXES ON QUALIFIED FOR	2,553	2,553
FOREIGN TAXES ON NONQUALIFIED	1,369	1,369