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
WALTER & MARIE WILLIAMS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)207 CROWN POINT ROAD   Room/suite
City or town, state, and ZIP code
GREENVILLE, NC27858
A Employer identification number

20-5940392
B Telephone number (see instructions)

(252) 752-4366
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$6,145,905J 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 87,038 87,038  
4 Dividends and interest from securities...... 15,284 15,284  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 102,322 102,322  
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)......... Click to see attachment 125 125    
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest............... 4,344 4,344    
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,242 1,242    
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 32,785 32,785    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 38,496 38,496   0
25 Contributions, gifts, grants paid........ 165,649 165,649
26 Total expenses and disbursements. Add lines 24 and 25 204,145 38,496   165,649
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -101,823
b Net investment income (if negative, enter -0-) 63,826
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 396,795 1,009,865 1,009,865
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) bullet150,000
Less: allowance for doubtful accounts bullet   150,000 Click to see attachment150,000 150,000
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)........ 596,646 Click to see attachment596,646 623,120
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............. 5,440,191 4,749,270 4,362,919
13 Investments—other (attach schedule)........... 113,792 Click to see attachment89,820 1
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,697,424 6,595,601 6,145,905
Liabilities 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 bullet) Click to see attachment443,557 Click to see attachment443,557
23 Total liabilities (add lines 17 through 22).......... 443,557 443,557
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 6,253,867 6,152,044
30 Total net assets or fund balances (see page 17 of the
instructions).................... 6,253,867 6,152,044
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 6,697,424 6,595,601
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 6,253,867
2 Enter amount from Part I, line 27a..................... 2 -101,823
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 6,152,044
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 6,152,044
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 185,672 5,387,902 0.034461
2010 105,271 388,597 0.270900
2009 102,741 577,972 0.177761
2008 212,781 621,254 0.342502
2007 205,790 395,441 0.520406
2 Total of line 1, column (d) ...................... 2 1.346030
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 0.269206
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 5,540,621
5 Multiply line 4 by line 3....................... 5 1,491,568
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 638
7 Add lines 5 and 6......................... 7 1,492,206
8 Enter qualifying distributions from Part XII, line 4.............. 8 165,649
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 1,277
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 1,277
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 1,277
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a  
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  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 27
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,304
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   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
 
 
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.Click to see attachment
    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 ofbulletCECIL S MIZELLE Telephone no.bullet (252) 756-8888
    Located atbullet1100 CONFERENCE DRIVEGREENVILLENC ZIP+4bullet27858
    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
     
    No
    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
    WALTER L WILLIAMSClick to see attachment PRESIDENT
    10.00     		0 0 0
    207 CROWN POINT RD
    GREENVILLE,NC27834
    MARIE S WILLIAMSClick to see attachment SECT/TREASUR
    2.00     		0 0 0
    207 CROWN POINT RD
    GREENVILLE,NC27834
    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 EAST CAROLINA UNIVERSITY, GREENVILLE, NC - DISTRIBUTING CONTRIBUTIONS WERE MADE TO THE PRIMARY UNIVERSITY FOUNDATION AND SIX OTHER UNIVERSITY PROGRAMS - LIBRARY, SPORTS, MEDICAL FOUNDATION, MUSIC AND BUSINESS PROGRAMS. THE UNIVERSITY IS A STATE SUPPORTED PUBLIC, COEDUCATIONAL INSTITUTION OF APPROXIMATELY 27,000 STUDENTS INCLUDING UNDER GRADUATE AND POST GRADUATE STUDENTS 77,600
    2 IMMANUEL BAPTIST CHURCH, GREENVILLE, NC. - IMMANUEL BAPITIST IS A LOCAL BAPTIST CHURCH. FUNDS WERE CONTRIBUTED FOR THE BENEFIT OF THE CHURCH PROGRAMS. ALL MEMBERS OF THE CHURCH BODY BENEFITED FROM THE CONTRIBUTIONS. 23,350
    3 BAPTIST CHILDRENS' HOME OF NC, THOMASVILLE, NC. - THIS ORGANIZATION PROVIDES A HOME FOR CHILDREN FROM DYSFUNCTIONAL FAMILIES AND CHILDREN THAT HAVE BEEN THE OBJECT OF ABUSE, NEGLECT, AND/OR ABANDONMENT. THE CHARITY HAS 23 FACILITIES IN 19 DIFFERENCE COMMUNITIES IN NORTH CAROLINA. THE FUNDS WERE CONTRIBUTED FOR THE BENEFIT OF THE ORGANIZATION TO USE IN THEIR MISSION OF PROVIDING A HOME FOR CHILDREN. 16,340
    4 VIDANT MEDICAL FOUNDATION, GREENVILLE, NC - FUNDS PROVIDED FOR THE FOUNDATION ARE USED IN SUPPORT OF THE MEDICAL PROGRAMS AT VIDANT MEDICAL CENTER. VIDENT MEDICAL CENTER IS A NON-PROFIT HOSPITAL WHICH IS THE PRIMARY SOURCE OF MEDICAL CARE IN PITT COUNTY, NC AND THROUGH NORTHEASTERN NORTH CAROLINA. THIS FOUNDATION PROVIDES FINANCIAL ASSISTANCE WITH THE ACQUISITION OF EQUIPMENT & CAPITAL AND ALOS PROVIDES PATIENT AND FAMILY SUPPORT. 15,600
    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
    578,320
    b
    Average of monthly cash balances.......................
    1b
    732,844
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,757,389
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,068,553
    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
    443,557
    3
    Subtract line 2 from line 1d.........................
    3
    5,624,996
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    84,375
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,540,621
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    277,031
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    277,031
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,277
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,277
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    275,754
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    275,754
    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
    275,754
    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
    165,649
    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
    165,649
    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
    165,649
    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 7 275,754
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 133,899
    b From 2008....... 181,718
    c From 2009....... 73,842
    d From 2010....... 85,841
    e From 2011.......  
    fTotal of lines 3a through e......... 475,300
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 165,649
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 165,649
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012. 110,105 110,105
    (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 5 365,195
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		23,794
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		341,401
    10 Analysis of line 9:
    a Excess from 2008.... 181,718
    b Excess from 2009.... 73,842
    c Excess from 2010.... 85,841
    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).)
    WALTER L WILLIAMS
    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:
    WALTER MARIE WILLIAMS
    207 CROWN POINT RD
    GREENVILLE,NC27858
    (252) 752-4366
    bThe form in which applications should be submitted and information and materials they should include:
    ORAL OR WRITTEN REQUESTS ARE ACCEPTABLE.
    cAny submission deadlines:
    NO DEADLINES FOR SUBMISSION.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS ON REQUESTS.
    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
    930 WELLNESS DRIVE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    AMERICAN LEGION
    403 ST ANDREWS DR
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 380
    ANGELS AGENDA
    GREENVILLE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 600
    ARMY CADET ASSOCIATION
    GREENVILLE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    AYDEN COLLARD FESTIVAL
    AYDEN
    AYDEN,NC28513     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    AYDEN COMMUNITY FOUNDATION
    PO BOX 370
    GRIFTON,NC28530     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    AYDEN ROTARY CLUB
    AYDEN
    AYDEN,NC28513     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    HISTORIC BATH FOUNDATION
    PO BOX 238
    BATH,NC27808     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 350
    BAPTIST CHILDREN'S HOMES OF NC
    PO BOX 338
    THOMASVILLE,NC27361     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 16,340
    BEAR GRASS CHARTER SCHOOL
    6344 BEAR GRASS RD
    WILLIAMSTON,NC27892     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    BEAR GRASS EDUCATION FOUDATION
    PO BOX 869
    WILLIAMSTON,NC27892     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    BEAUFORT COUNTY COMM OF 100
    705 PAGE RD
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    BEAUFORT COUNTY CONCERT ASSOCIATION
    PO BOX 1024
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 300
    BLACK JACK FIRE DEPARTMENT
    BLACK JACK
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 28
    BOY SCOUTS OF AMERICA
    PO BOX 1698
    KINSTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 3,150
    BOYS AND GIRLS HOME
    PO BOX 127
    LAKE WACCAMAW,NC28450     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    BOYS & GIRLS CLUB OF PITT COUNTY
    621 W FIRETOWER RD
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,100
    BUILDING HOPE COMMUNITY LIFE CENTER
    309 W 8TH ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,300
    CARSON MEMORIAL CHURCH
    GREENVILLE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    CARMELA WARREN FUND
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 100
    CHARLIE BROWN EMERGENCY SERVICES
    1817 W MAIN ST
    WILLIAMSTON,NC27892     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    CHIARI FOUNDATION
    2301 N LAKE DR
    MILWAUKEE,WI53211     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    CHRISTOPHER CASH FOUNDATION
    722 CEDAR POINT BLVD
    CEDAR POINT,NC28584     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    CHURCH OF GOD OF PROPHECY
    PO BOX 2910
    CLEVELAND,TN37320     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    CIVITAN CLUB
    PO BOX 130744
    BIRMINGHAM,AL35213     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 151
    COLLIDE MINISTRIES
    2213 WOODRIDGE DR
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    CORNERSTONE MISSIONARY BAPTIST
    1095 ALLEN ROAD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 600
    CYPRESS GLEN BENEVOLENT FUND
    100 HICKORY ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    DISABLED AMERICAN VETS
    3338 FRONTGATE DR
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 73
    EAST CAROLINA COSTAL CONSERVATION
    4809 HARGROVE RD
    RALEIGH,NC27616     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 485
    EAST CAROLINA VILLAGE OF YESTERYEAR
    4570 COUNTY HOME RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 350
    EAST CAROLINA VOCATIONAL CENTER
    901 STATON ROAD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    EASTERN PINES FIRE DEPT
    5453 EASTERN PINES RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 123
    ECU LECLAIR BASEBALL SCHOLARSHIP
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    ECU EDUC FOUNDATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 67,095
    ECU PIRATE CLUB
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 355
    ECU COLLEGE OF BUSINESS
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    ECU FRIENDS OF LIBRARY
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 6,000
    ECU MEDICAL FOUNDATION
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,050
    ECU FRIENDS OF MUSIC
    EAST CAROLINA UNIVERSITY
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    EMERALD ISLE BAPTIST CHURCH
    304 EMERALD PLANTATION
    EMERALD ISLE,NC28594     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    FARMVILLE CHARITABLE ORGANIZATION
    PO BOX 863
    FARMVILLE,NC27828     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    FIRST CHRISTIAN CHURCH
    2810 E 14TH ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    FRIENDS OF GILDA EASTERN NC INC
    1406 HAMMERSMITH DR
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 2,000
    GEORGE WHITFIELD CLINIC
    216 HARDINGWOOD DR
    GOLDSBORO,NC27534     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 120
    GIDEONS INTERNATIONAL
    PO BOX 140800
    NASHVILLE,TN37214     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    GO MIX CHRISTIAN RADIO
    PO BOX 1895
    GOLDSBORO,NC27533     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 150
    GREATER GREENVILLE COMM FOUNDATION
    625 LYNNDALE COURT
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    GREENVILLEPITT CHAMBER OF COMMERCE
    302 S GREENE ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    GRIFTON LIONS CLUB
    CHURCH ST
    GRIFTON,NC28530     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 300
    GRIFTON FIRE DEPT
    6881 S HIGHLAND AVE
    GRIFTON,NC28530     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    HABITAT FOR HUMANITY
    210 E 14TH ST D
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    HILLSDALE COLLEGE
    33 EAST COLLEGE ST
    HILLSDALE,MI49242     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    HISTORY CHANNEL
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 28
    HUNTERS HELPING KIDS
    2429 MT WILLEN RD
    HAW RIVER,NC27258     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    IMMANUEL BAPTIST CHURCH
    1101 S ELM ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 23,350
    IGNITE CHURCH
    PO BOX 3247
    GREENVILLE,NC27836     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,350
    JH ROSE HIGH SCHOOL
    600 W ARLINGTON BLVD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    JACKIE ROBINSON BASEBALL LEAGUE
    PO BOX 132
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    JAMES STYRON PARMECY FUND
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 200
    KIWANIS CLUB
    3010 S EVANS ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 200
    KIWANIS CLUB
    4144 WEST AVE
    AYDEN,NC28513     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 125
    KIWANIS CLUB
    188 FORLINES RD
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 105
    KNIGHTS OF COLUMBUS
    1125 PINE TREE DR
    NEW BERN,NC28562     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    KRISTII OVERTON JOHNSON MINISTRIES
    PO BOX 968
    KEYSTONE HEIGHTS,FL32656     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    KURT MILLER FUND RAISER
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 200
    MARTIN COMMUNITY PLAYERS
    1151 KEITH ST
    WILLIAMSTON,NC27892     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    MEMORIAL SLOAN KETTERING CANCER CEN
    1275 YORK AVE
    NEW YORK,NY10065     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    MILITARY TRIBUTE
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 152
    MURFREESBORO ROTARY CLUB
    PO BOX 3
    MURFREESBORO,NC27855     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    MUSCULAR DYSTROPHY ASSOC
    3300 E SUNRISE DR
    TUCSON,AZ85718     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 72
    NATIONAL FOOTBALL FOUNDATION
    835 S LUMINA AVE
    WRIGHTSVILLE BEACH,NC28480     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    NC SHERIFF ASSOCIATION
    323 WEST JONES ST
    RALEIGH,NC27619     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    PAMLICO CO HISTORICAL ASSOC
    PO BOX 33
    GRANTSBORO,NC28529     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    PATHWAY OF LIFE
    1202 E FIRETOWER RD
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    PAUL'S FUNERAL HOME
    900 JOHN SMALL AVE
    WASHINGTON,NC27889     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 100
    PITT COUNTY COMMITTEE OF 100
    PO BOX 1714
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    PITT COMMUNITY COLLEGE
    PO DRAWER 7007
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    PITT COUNTY ARTS COUNCIL
    404 S EVANS ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    PITT COUNTY FFA
    2293 SIS MILLS RD
    GRIMESLAND,NC27837     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 125
    PITT COUNTY HISTORICAL SOCIETY
    PO BOX 1554
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 110
    PITT COUNTY EDUCATION FOUNDATION
    1717 W FIFTH ST
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 500
    PITT COUNTY PIRATE CLUB
    WINTERVILLE
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 90
    PITT COUNTY SHRINERS
    569 IRISH LN
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    PITT COUNTY NAACP
    PO BOX 8626
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 25
    PITT COUNTY SOFTBALL
    4801 REEDY BRANCH RD
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    VIDANT MEDICAL FOUNDATION
    2100 STANTONSBURG RD
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15,600
    PITT GREENVILLE CRIME STOPPERS
    PO BOX 528
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    PLYMOUTH BOYS BASEBALLGIRLS SOFTBA
    1494 US HWY 64 W
    PLYMOUTH,NC27962     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    RALEIGH CHAMBER OF COMMERCE
    800 S SALISBURY ST
    RALEIGH,NC27615     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    ROANOKE CHOWAN PORK FEST
    PO BOX 3
    MURFREESBORO,NC27855     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    ROSE HILL CHURCH
    6236 COUNTY HOME RD
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 600
    ROTARY CLUB OF GREENVILLE
    809 JOHNSTON ST
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 845
    ROTARY CLUB OF BATAVIA NY
    PO BOX 347
    BATAVIA,NY14021     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    SALVATION ARMY
    2337 DICKINSON AVE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 450
    SAVE OUR CHILDREN IN TIME
    PO BOX 20603
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    SO 20 COMMUNCATIONS
    GREENVILLE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    SOUTHERN PITT BASEBALL
    GREENVILLE
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    SPECIAL OLYMPICS
    PO BOX 7207
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 150
    SPORTSWORKS MINISTRY
    PO BOX 8031
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 850
    TIM THOMPSON FUNERAL
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO PROVIDE FINANCIAL ASSISTANCE 67
    UNC TV
    10 TW ALEXANDER DR
    RESEARCH TRIANGLE PARK,NC27709     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 250
    USO
    PO BOX 96322
    WASHINGTON,DC20090     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 15
    US OLYMPICS
    PO BOX 7207
    GREENVILLE,NC27835     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    VANCEBORO ROTARY CLUB
    HWY 43
    VANCEBORO,NC28586     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    WASHINGTON BEAUFORT CHAMBER OF COMM
    102 STEWART PKWY
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 40
    WASHINGTON HARBOR DISTRICT
    102 E 2ND ST
    WASHINGTON,NC27889     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 1,000
    WINSTON SALEM CHRISTIAN HIGH SCHOOL
    4940 GOSPEL LIGHT CH
    WINSTON SALEM,NC27101     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 50
    WINTERVILLE HISTORICAL SOCIETY
    PO BOX 1815
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 145
    W H ROBINSON SCHOOL
    2439 RAILROAD ST
    WINTERVILLE,NC28590     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 30
    WORLD WAR II VETERANS
    GREENVILLE
    GREENVILLE,NC27858     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 5
    YWAM
    418 E FRANKLIN ST
    MONROE,NC28112     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 100
    YOUNG LIFE
    609 COUNTRY CLUB DR
    GREENVILLE,NC27834     		NONE ACTIVE TO FURTHER THEIR ACTIVE PURPOSE 800
    Total .................................bullet 3a 165,649
    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 87,038  
    4 Dividends and interest from securities....     14 15,284  
    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          
    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)..   102,322  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13102,322
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 CompensationExplanation
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Person Name Explanation
    WALTER L WILLIAMS  
    MARIE S WILLIAMS  

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BB&T 558,665 582,200
    BANK OF AMERICA 20,393 23,220
    KODIAK OIL & GAS 17,588 17,700

    TY 2012 InvestmentsOtherSchedule2
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALBEMARLE PLANTATION HOLDINGS II LLC AT COST 89,820 1

    TY 2012 LegalFeesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 125 125    


    TY 2012 OtherExpensesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ALBEMARLE PLANTATION HOLDINGS 8,989 8,989    
    ALBEMARLE PLANTATION HOLDINGS 1,283 1,283    
    MISCELLANEOUS 63 63    
    ALBEMARLE PLANTATION HOLD II- 279 279    
    ALBEMARLE PLANTATION HOLD II- 22,171 22,171    


    TY 2012 OtherLiabilitiesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT LOAN 443,557 443,557


    TY 2012 OtherNotesLoansRcvblShortSch2
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Name of 501(c)(3) Organization Balance Due
    NORTH CAMPUS CROSSING LLC
          		150,000


    TY 2012 SubstantialContributorsSch
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Name Address
    WALTER L MARIE S WILLIAMS 207 CROWN POINT ROAD
    GREENVILLE,NC27858


    TY 2012 TaxesSchedule
    Name:
    WALTER & MARIE WILLIAMS FOUNDATION
    EIN: 20-5940392
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2011 IRS TAX 1,242 1,242