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
JOSEPH M WRIGHT CHAR FOUND INC
 

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

56-1872992
B Telephone number (see instructions)

(704) 487-8888
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,841,531J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 444 444 444
4 Dividends and interest from securities...... 57,502 57,502 57,502
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,023
b Gross sales price for all assets on line 6a 762,639
7 Capital gain net income (from Part IV, line 2)... 39,023
8 Net short-term capital gain......... 12,624
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 658   658
12 Total. Add lines 1 through 11........ 97,627 96,969 71,228
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,150 175    
c Other professional fees (attach schedule)....        
17 Interest............... 13 13    
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,854 1,500    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 19,718 19,718    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,735 21,406   0
25 Contributions, gifts, grants paid........ 79,962 79,962
26 Total expenses and disbursements. Add lines 24 and 25 104,697 21,406   79,962
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,070
b Net investment income (if negative, enter -0-) 75,563
c Adjusted net income (if negative, enter -0-)... 71,228
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 216,979 140,572 140,572
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,534,225 Click to see attachment1,600,099 1,696,008
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,451 Click to see attachment4,951 Click to see attachment4,951
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,753,655 1,745,622 1,841,531
Liabilities 17 Accounts payable and accrued expenses.......... 963  
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 963 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,752,692 1,745,622
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,752,692 1,745,622
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,753,655 1,745,622
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,752,692
2 Enter amount from Part I, line 27a..................... 2 -7,070
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,745,622
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,745,622
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a AMERICAN INTL GROUP INC P 2012-09-10 2012-09-25
b COMCAST CORP P 2011-09-16 2012-10-02
c DODGE & COX INCOME FD P 2011-09-15 2012-07-30
d KIMBALL INTL INC P 2011-09-16 2012-09-10
e SPECTRA ENERGY P 2011-09-16 2012-04-18
AMERICAN INTL GROUP INC P 2012-08-08 2012-09-25
MONDELEZ INTL INC P 2011-09-16 2012-10-09
EUROPACIFIC GROWTH FD CL F-2 P 2011-09-15 2012-07-30
KOHLS CORP P 2011-09-16 2012-05-02
STARBUCKS CORP P 2011-09-16 2012-07-27
CENTURYTEL INC P 2012-05-11 2012-11-30
YUMI BRANDS INC P 2011-09-16 2012-11-30
FEDEX CORPORATION P 2011-09-16 2012-04-04
LORD ABBETT BOND DEBENTURE P 2011-09-15 2012-07-30
TELECOM CORP NEW ZEALAND LTD P 2011-09-16 2012-06-29
ISHARES TRUST-S&P 400 MIDCAP P 2012-07-30 2012-10-12
ABBOTT LABS P 2011-09-16 2012-08-08
FEDEX CORPORATION P 2011-09-16 2012-06-13
MARVELL TECHNOLOGY GROUP, LTD P 2011-09-16 2012-08-20
TELEFONICA BRASIL SA P 2011-09-16 2012-02-07
JP MORGAN CHASE & CO ALERIAN MLP IND P 2012-06-28 2012-10-09
AMERIPRISE FINANCIAL, INC. P 2011-09-16 2012-05-11
JP MORGAN CHASE & CO. P 2011-10-27 2012-05-11
MDU RES GROUP INC P 2011-09-16 2012-02-01
TEMPLETON INCOME TR TEMPLETON INTL P 2011-09-20 2012-07-30
MCDONALDS CORP P 2012-09-05 2012-10-19
ANHEUSER BUSCH INBEV SA/NV P 2011-09-16 2012-09-05
JP MORGAN CHASE & CO. P 2011-10-27 2012-05-11
MDU RES GROUP INC P 2011-09-16 2012-02-02
WALTER INDS INC P 2011-09-16 2012-07-06
PIMCO TOTAL RETURN FUND P 2012-07-30 2012-10-12
ASG MANAGED FUTURES STRAG FD P 2011-09-20 2012-07-11
JP MORGAN CHASE & CO. P 2011-09-16 2012-05-11
MEDCO HEALTH SOLUTIONS INC P 2011-09-16 2012-03-09
WELLPOINT INC P 2011-09-16 2012-08-08
SLM CORP P 2011-11-21 2012-11-19
BARD CR INC P 2011-09-16 2012-07-26
JOY GLOBAL INC P 2011-10-27 2012-08-24
MOODYS CORP P 2011-10-27 2012-07-26
DODGE & COX INCOME FUND P 2011-09-15 2012-10-12
WELLS FARGO COMPANY P 2012-05-11 2012-10-17
BLACKROCK INFL PROT BD P 2011-09-15 2012-07-30
JOY GLOBAL INC P 2011-09-16 2012-08-24
NATIONAL OILWELL INC P 2011-09-16 2012-07-26
EXXON MOBIL CORP P 2011-02-04 2012-04-04
YUMI BRANDS INC P 2012-10-19 2012-11-30
CHIMERA INVT CORP P 2011-09-16 2012-09-07
JP MORGAN CHASE & CO ALERIAN MLP IN P 2011-09-16 2012-02-07
NAVISTAR INTL CORP NEW P 2012-04-04 2012-07-06
ISHARES TRUST-S&P 400 MIDCAP P 2011-09-15 2012-10-12
APACHE CORP COM P 2011-10-27 2012-11-02
CHORUS LTD P 2011-09-16 2012-02-08
KELLOGG CO P 2011-09-16 2012-04-26
PHILIP MORRIS INTL INC P 2011-09-16 2012-02-08
JP MORGAN CHASE & CO ALERIAN MLP P 2011-09-16 2012-10-09
APACHE CORP COM P 2011-09-16 2012-11-02
COMCAST P 2011-09-16 2012-08-15
KELLOGG CO P 2011-09-16 2012-04-26
PIMCO LOW DURATION FUND P 2011-09-15 2012-07-30
JP MORGAN CHASE & CO ALERIAN MLP P 2011-09-16 2012-10-10
CNO FINL GROUP INC P 2011-10-27 2012-11-08
DEERE & CO P 2011-12-06 2012-08-15
KIMBALL INTL INC P 2011-09-16 2012-09-07
PLUM CREEK TIMBER CO INC P 2011-09-16 2012-09-07
LORD ABBOTT BOND DEBENTURE FUND P 2011-09-15 2012-10-12
CNO FINL GROUP INC P 2011-10-27 2012-11-08
DEERE & CO P 2011-12-06 2012-08-15
KIMBALL INTL INC P 2011-09-16 2012-09-10
PLUM CREEK TIMBER CO INC P 2011-09-16 2012-09-10
PNC BANK CORP P 2010-04-12 2012-08-08
CNO FINL GROUP INC. P 2011-09-16 2012-11-08
DIGITAL RLTY TR INC P 2011-10-19 2012-02-07
KIMBALL INTL INC P 2011-09-16 2012-09-10
ROGERS COMMUNICATIONS INC P 2011-09-16 2012-04-25
UNILEVER N V NEW YORK SHS P 2008-03-20 2012-07-26
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,790   1,784 6
b 7,089   4,524 2,565
c 69,423   67,663 1,760
d 166   68 98
e 3,247   2,812 435
1,554   1,481 73
4,751   3,960 791
47,087   45,851 1,236
3,727   3,562 165
6,547   5,482 1,065
4,794   4,933 -139
7,550   6,050 1,500
1,717   1,460 257
48,536   46,450 2,086
3,738   3,276 462
17,968   17,290 678
7,526   5,885 1,641
4,227   3,765 462
3,394   5,001 -1,607
388   417 -29
1,112   1,014 98
3,954   3,539 415
962   950 12
3,301   3,243 58
30,219   29,753 466
6,655   6,695 -40
1,723   1,042 681
407   398 9
2,259   2,232 27
2,186   4,371 -2,185
25,602   25,293 309
34,570   39,708 -5,138
6,438   5,953 485
3,709   2,696 1,013
2,813   3,373 -560
3,951   2,936 1,015
3,334   3,113 221
1,390   2,313 -923
1,927   1,737 190
44,740   43,355 1,385
6,861   6,600 261
83,847   79,807 4,040
2,336   3,455 -1,119
2,290   2,122 168
3,218   3,338 -120
2,292   2,386 -94
2,683   3,137 -454
482   423 59
2,272   3,493 -1,221
55,869   49,292 6,577
1,959   2,416 -457
1,098   1,008 90
3,425   3,664 -239
6,948   6,201 747
3,295   2,823 472
1,796   2,158 -362
1,430   960 470
2,012   2,155 -143
48,717   47,934 783
26,039   22,515 3,524
1,163   879 284
2,409   2,518 -109
1,755   727 1,028
3,420   3,079 341
35,722   33,467 2,255
507   371 136
602   626 -24
2,715   1,122 1,593
2,424   2,189 235
6,562   7,620 -1,058
4,773   3,352 1,421
424   353 71
2,543   1,049 1,494
3,120   3,275 -155
1,743   1,674 69
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       6
b       2,565
c       1,760
d       98
e       435
      73
      791
      1,236
      165
      1,065
      -139
      1,500
      257
      2,086
      462
      678
      1,641
      462
      -1,607
      -29
      98
      415
      12
      58
      466
      -40
      681
      9
      27
      -2,185
      309
      -5,138
      485
      1,013
      -560
      1,015
      221
      -923
      190
      1,385
      261
      4,040
      -1,119
      168
      -120
      -94
      -454
      59
      -1,221
      6,577
      -457
      90
      -239
      747
      472
      -362
      470
      -143
      783
      3,524
      284
      -109
      1,028
      341
      2,255
      136
      -24
      1,593
      235
      -1,058
      1,421
      71
      1,494
      -155
      69
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 39,023
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 12,624
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 96,195 1,959,488 0.049092
2010 83,661 1,855,476 0.045089
2009 105,748 1,685,654 0.062734
2008 119,067 2,149,659 0.055389
2007 113,795 2,500,641 0.045506
2 Total of line 1, column (d) ...................... 2 0.257810
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 0.051562
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 1,830,336
5 Multiply line 4 by line 3....................... 5 94,376
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 756
7 Add lines 5 and 6......................... 7 95,132
8 Enter qualifying distributions from Part XII, line 4.............. 8 79,962
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,511
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,511
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,511
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 4,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,488
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,488 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHOYT Q BAILEY Telephone no.bullet (704) 487-8888
    Located atbullet600 POLKVILLE ROADSHELBYNC ZIP+4bullet28150
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    HOYT Q BAILEYClick to see attachment CEO
    4.00     		0 0 0
    PO BOX 208
    SHELBY,NC28151
    HOYT G TESSENERClick to see attachment PRESIDENT
    3.00     		0 0 0
    2105 PRESCOTT PLACE
    RALEIGH,NC27615
    MELANIE KNIGHTClick to see attachment VP
    1.00     		0 0 0
    4017 LAKE POINT CIRCLE
    RALEIGH,NC27606
    CYNTHIA BUCKINGHAMClick to see attachment VP
    1.00     		0 0 0
    7540 DRAYTON COURT
    RALEIGH,NC27615
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see 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)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,662,301
    b
    Average of monthly cash balances.......................
    1b
    193,457
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,451
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,858,209
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,858,209
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    27,873
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,830,336
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    91,517
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    91,517
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,511
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,511
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    90,006
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    90,006
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    90,006
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    79,962
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    79,962
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    79,962
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 90,006
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 88,675
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 79,962
    a Applied to 2011, but not more than line 2a 79,962
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		8,713
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		90,006
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    HOYT Q BAILEY
    600 POLKVILLE ROAD
    SHELBY,NC28150
    (704) 487-8888
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT RECIPIENT IS AN EXEMPT CHARITABLE ORGANIZATION, AND MUST INCLUDE FACTS TO SUPPORT NEED.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN CANCER SOCIETY
    1320 SPAKE CIRCLE
    SHELBY,NC28150     		N/A 501(C)3 RELAY FOR LIFE 100
    WORLD WAR II VETERANS
    PO BOX 96543
    WASHINGTON,DC20090     		N/A 501(C)3 TO HONOR OUR SERVICE MEN 400
    LAW ENFORCEMENT LEGAL DEFENSE FUND
    PO BOX 16129
    WASHINGTON,DC20077     		N/A 501(C)3 POLICE OFFICERS 100
    UNITED STATES JUSTICE FOUNDATION
    PO BOX 131637
    HOUSTON,TX77219     		N/A 501(C)3 TO SAVE THE CONSTITUTION 300
    CAMPUS CRUSADE FOR CHRIST
    1501 GRADUATE LANE
    RALEIGH,NC27606     		N/A 501(C)3 MISSION WORK 200
    SULPHUR SPRINGS UNITED METHODIST CH
    SULPHUR SPRINGS ROAD
    SHELBY,NC28152     		N/A 501(C)3 NEW FURNACE 500
    WOUNDED WARRIOR PROJECT
    PO BOX 758516
    TOPEKA,KS66675     		N/A 501(C)3 VETERANS 200
    MORNING STAR BAPTIST CHURCH
    832 S POST ROAD
    SHELBY,NC28152     		N/A 501(C)3 MEMORIALS 100
    VALLEY CONNECTION YMCA
    2254 HWY 70SE
    HICKORY,NC28602     		N/A 501(C)3 ONGOING OPERATIONS 500
    MEDIA RESEARCH CENTER
    PO BOX 97040
    WASHINGTON,DC20090     		N/A 501(C)3 RESEARCH ON MEDIA 400
    BROTHERS IN CHRIST
    414 MILLSAP RD
    SHELBY,NC28150     		N/A 501(C)3 WAYWARD YOUTH PROGRAM 5,000
    BOYS & GIRLS CLUB OF CLEVELAND COUN
    PO BOX 2001
    SHELBY,NC28151     		N/A 501(C)3 ONGOING OPERATIONS 500
    SHELBY HIGH SCHOOL
    130 E DIXON BLVD
    SHELBY,NC28152     		N/A 501(C)3 STUDENT ACTIVITIES FUND 1,950
    AMERICAN HEART ASSOCIATION
    222 S CHURCH STREET SUI
    CHARLOTTE,NC28202     		N/A 501(C)3 RESEARCH ON MEDIA 1,175
    SHELBY ROTARY FOUNDATION
    PO BOX 2861
    SHELBY,NC28151     		N/A 501(C)3 VARIOUS CHARITIES 2,500
    APPALACHIAN STATE UNIVERSITY
    PO BOX 32021
    BOONE,NC28608     		N/A 501(C)3 SCHOLARSHIP 1,132
    SPECIAL OLYMPICS
    PO BOX 27720
    RALEIGH,NC27611     		N/A 501(C)3 HANDICAPPED 150
    BENT CREEK BAPTIST CHURCH
    10 ARROWOOD TRAIL
    CHANDLER,NC28715     		N/A 501(C)3 MISSION WORK 100
    UNC TV
    PO BOX 6000067
    RALEIGH,NC27675     		N/A 501(C)3 PUBLIC TV 100
    THE MASTERS HOUSE
    727 POLKVILLE ROAD
    SHELBY,NC28150     		N/A 501(C)3 DURG ASSISTANCE PATIENTS 1,000
    CLEVELAND COUNTY EDUCATION FOUNDATI
    105 RIDGE STREET
    KINGS MOUNTAIN,NC28086     		N/A 501(C)3 SCHOLARSHIP 1,000
    THE ENCOURAGING WORD
    PO BOX 2110
    SPARTANBURG,SC29304     		N/A 501(C)3 JESUS CHRIST 1,000
    BOSTON COLLEGE
    PO BOX 5000
    WILSON,NC27893     		N/A 501(C)3 STUDENT AID 200
    CLEVELAND COUNTY SCHOOL FOUNDATION
    130 S POST ROAD
    SHELBY,NC28152     		N/A 501(C)3 SCHOLARSHIP 1,000
    MORNINGSIDE BAPTIST CHURCH
    897 S PINE STREET
    SPARTANBURG,SC29702     		N/A 501(C)3 ONGOING OPERATIONS 500
    US DEPUTY SHERRIFFS ASSOCIATION
    PO BOX 957
    WILTON,NH03086     		N/A 501(C)3 PROGRAM 50
    BROOKSVILLE ELEMENTARY
    885 N BROAD STREET
    BROOKSVILLE,FL34601     		N/A 501(C)3 SPECIAL CHILDREN 1,000
    CHRISTIAN APPALACHIAN PROJECT
    PO BOX 55911
    LEXINGTON,KY40555     		N/A 501(C)3 POOR 200
    EKRIDGE GROVE BAPTIST CHURCH
    WASHBURN SCOTCH ROAD
    SHELBY,NC28150     		N/A 501(C)3 ONGOING OPERATIONS 2,000
    FIRST BAPTIST CHURCH
    120 N LAFAYETTE STREET
    SHELBY,NC28150     		N/A 501(C)3 ONGOING OPERATIONS 26,500
    CROSSROADS RESCUE MISSION
    PO BOX 2090
    SHELBY,NC28151     		N/A 501(C)3 TO FEED THE NEEDY 205
    HOSPITALIZED VETERANS
    PO BOX 98088
    WASHINGTON,DC20090     		N/A 501(C)3 VETERANS 100
    GWU SCHOOL OF DIVINITY
    PO BOX 997
    BOILING SPRINGS,NC28017     		N/A 501(C)3 SCHOLARSHIP 11,500
    GWU GIRLS ATHLETIC PROGRAM
    PO BOX 997
    BOILING SPRINGS,NC28017     		N/A 501(C)3 SUPPLIES 2,500
    CLEVELAND COUNTY HUMANE SOCIETY
    1609 E MARION STREET
    SHELBY,NC28150     		N/A 501(C)3 ANIMAL CARE 3,000
    GREATER CLEVELAND COUNTY BAPTIST AS
    1175 WYHE ROAD
    SHELBY,NC28150     		N/A 501(C)3 THE POOR 10,000
    JR CHANTY LEAGUE
    PO BOX 261
    SHELBY,NC28150     		N/A 501(C)3 THE NEEDY 1,000
    THE HERITAGE FOUNDATION
    PO BOX 97057
    WASHINGTON,DC20077     		N/A 501(C)3 RESEARCH 100
    AMERICAN STUDIES CENTER
    PO BOX 96844
    WASHINGTON,DC20090     		N/A 501(C)3 RADIO AMERICA 100
    UNICEF
    PO BOX 27780
    NEWARK,NJ07101     		N/A 501(C)3 FOOD FOR TROOPS 100
    CLEVELAND COUNTY HEARTS & HOOVES
    1205 NORTHSIDE DRIVE
    SHELBY,NC28150     		N/A 501(C)3 NEEDY CHILDREN 500
    NEWSPAPERS IN EDUCATION
    PO BOX 48
    SHELBY,NC28151     		N/A 501(C)3 STUDENTS 1,000
    Total .................................bullet 3a 79,962
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 444  
    4 Dividends and interest from securities....     14 57,502  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     25 39,023  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aUSDA     14 439  
    bOTHER INCOME     14 219  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   97,627  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1397,627
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
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    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,975      
    ACCOUNTING FEES - FIFTH THIRD 175 175    

    TY 2012 CompensationExplanation
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Person Name Explanation
    HOYT Q BAILEY  
    HOYT G TESSENER  
    MELANIE KNIGHT  
    CYNTHIA BUCKINGHAM  

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME FUND 128,247 132,058
    GLOBAL FDS GLB 3,386 3,326
    LORD ABBETT BD DEB FUND    
    MFS GOVT MKTS INCOME TR 3,980 3,966
    PIMCO TOTAL RETURN FUND 123,259 120,999
    PIMCO LOW DURATION FUND    
    OPPENHEIMER INTL BD FD 35,824 35,933
    TCW FDS 35,853 35,891
    HOTCHKIS & WILEY FUNDS 68,962 71,458
    BLACKROCK INFL PROT BD    
    TEMPLETON INCOME TR    
    ISHARES S&P PFD STK INDX FD 51,889 52,457
    MARVELL TECHNOLOGY GROUP    
    NOBLE CORP 3,093 2,925
    AFLAC, INC. 3,337 3,453
    AT&T INC 5,877 6,877
    ABBOTT LABS    
    AGILENT TECHNOLOGIES, INC. 3,365 3,398
    AMERICAN INTL GROUP, INC. 10,251 10,908
    AMERIPRISE FINANCIAL INC    
    APACHE CORP    
    APPLE INC 9,562 12,772
    BARD C R INC    
    BOEING, CO 5,104 5,351
    BRISTOL MYERS SQUIBB CO 8,373 8,441
    CAPITAL ONE FINL CORP 4,464 5,793
    CENTURYLINK INC. 5,835 6,807
    CENTURYTEL INC    
    CHEVRON CORP 6,978 7,570
    COACH INC 6,810 5,107
    COCA COLA CO 6,429 6,525
    COMCAST CORP    
    DEERE & CO    
    DONAHER CORP 6,914 6,988
    DU PONT E I DE NEMOURS & CO 8,373 7,961
    EATON VANCE TAX MAN GLBL BR 5,180 5,121
    EXXON MOBIL CORP    
    FEDEX CORP    
    GENERAL ELECTRIC CO 3,323 3,379
    GENUINE PARTS CO 7,960 9,283
    GILEAD SCIENCES INC 5,907 10,724
    GOOGLE INC 7,649 9,903
    HONEYWELL INTL INC 16,141 18,406
    IBM 8,454 9,194
    IBM BASIS CORRECTION    
    JP MORGAN CHASE & CO 6,857 7,211
    KELLOGG CO    
    KIMBERLY CLARK CORP 10,286 12,496
    KOHLS CORP    
    KRAFT FOODS INC 2,141 2,637
    LOCKHEED MARTIN CORP 6,195 7,568
    LORILLARD INC. 9,368 9,450
    MASTERCARD INC 8,386 11,791
    MCKESSON CORP 3,817 4,848
    MEDCO HEALTH SOLUTIONS INC    
    MEDTRONIC INC 7,079 6,563
    MERCK & CO INC 6,462 7,983
    MICROSOFT CORP 3,977 3,472
    MONDELEZ INTL INC. 3,329 3,283
    MOODYS CORP 4,135 6,290
    MYLAN INC 5,755 7,631
    NATIONAL OILWELL INC 4,642 4,785
    NORFOLK SOUTHERN CORP 6,618 5,813
    NORTHEAST UTILS 3,241 3,595
    OCCITENTAL PETE CORP 10,134 8,887
    ORACLE CORP 4,428 5,065
    PNC FINANCIAL SERVICES GROUP    
    PFIZER INC 8,268 11,010
    PHILIP MORRIS INTL INC    
    RAYTHEON CO 6,152 8,404
    SBA COMMUNICATIONS CORP 3,450 3,549
    SLM CORP    
    SPDR S&P 500 ETF TRUST 24,929 24,779
    SANDISK CORP 5,246 5,307
    SCHLUMBERGER LTD 7,659 7,138
    SPECTRA ENERGY CORP    
    STARBUCKS CORP    
    TJX COS INC 3,341 3,226
    TORTOISE ENERGY INFRASTRUCTURE CORP 24,874 25,734
    UNITEDHEALTH GROUP INC. 5,026 5,207
    VERIZON COMMUNICATIONS 4,849 5,365
    WALGREEN CO 6,726 7,142
    WELLPOINT INC    
    WINDSTREAM CORP 6,594 4,206
    YUM BRANDS INC    
    ALLIANT CORP 8,106 8,870
    AMERICAN CAP LTD 6,661 6,840
    ATMEL CORP 5,609 3,563
    CNO FINANCIAL GROUP INC    
    EAST WEST BANCORP INC 5,609 7,049
    F5 NETWORKS INC 4,606 4,955
    GATX CORP 6,906 8,314
    HERCULES TECHNOLOGY GROWTH 5,318 6,210
    ISHARES S&P MIDCAP 400 31,533 37,019
    JOY GLOBAL INC    
    KIMBALL INTL INC    
    MDU RES GROUP INC    
    MICROCHIP TECHNOLOGY INC 10,114 9,549
    OLIN CORP 10,579 11,572
    PACKAGING CORP AMER 8,387 12,003
    PULTE GROUP, INC 4,357 4,249
    ROCKWOOD HOLDINGS INC 5,852 5,737
    T ROWE PRICE SMALL CAP STOCK FUND 6 68,661 70,748
    TUPPERWARE BRANDS CORP 7,529 7,756
    WALTER ENERGY INC    
    WINDSTREAM CORP    
    ALLIED WORLD ASSURANCE ADR 8,525 8,510
    ANHEUSSER BUSCH INBEV 4,065 6,818
    CHORUS LTD    
    EUROPACIFIC GROWTH FD 51,578 57,816
    ROGERS COMMUNICATIONS INC    
    TELCOM CORP    
    UNILEVER 4,758 5,554
    BANCO LATINOAMERICAN DE COMMERCIO EX 7,006 8,710
    OPPENHEIMER DEVELOPING MARKETS 64,676 71,434
    TELEFONICA BRASIL 8,520 6,881
    JPMORGAN CHASE & CO ALERIAN MLP INDE    
    POWERSHARES EXCHANGE-TRADED FD 8,804 8,818
    ABSOLUTE STRATEGIES 68,972 67,810
    ALERIAN MLP ETF 30,050 28,551
    ASG MANAGED FUTURES STRAG FUND    
    MAINSTAY FDS TR 45,046 45,477
    PIMCO ALL ASSET ALL AUTH FUND 78,991 82,565
    AQR FDS RISK PARITY FD 68,394 68,676
    AMERICAN CAMPUS COMMUNITIES INC 7,588 8,857
    AMERICAN CAP AGY CORP 4,427 4,277
    ANNALY CAPITAL MANAGEMENT INC 5,172 4,044
    CHIMERA INVT CORP    
    DIGITAL RLTY TR INC 7,528 8,690
    HOSPITALITY PPTYS TR 7,620 7,869
    LTC PPTYS INC 5,725 7,249
    NATIONAL HALTH INVS INC 7,764 9,384
    OMEGA HEALTHCARE INVS INC 7,539 10,828
    PLUM CREEK TIMBER CO INC    
    RAYONIER INC 7,710 10,055
    REALTY INCOME CORP 4,367 5,066
    VANGUARD REIT ETF 80,704 94,226

    TY 2012 OtherAssetsSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT ON LAND 2,451 2,451 2,451
    ESTIMATED TAXES   2,500 2,500


    TY 2012 OtherExpensesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MANAGEMENT FEES 19,453 19,453    
    MISCELLANEOUS 20 20    
    POSTAGE 245 245    


    TY 2012 OtherIncomeSchedule2
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    USDA 439   439
    OTHER INCOME 219   219


    TY 2012 TaxesSchedule
    Name:
    JOSEPH M WRIGHT CHAR FOUND INC
    EIN: 56-1872992
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID ON INVESTMENT 354      
    EXCISE TAX 1,500 1,500