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
TD FRANK THOMSON SCHOLARSHIPS
 

Number and street (or P.O. box number if mail is not delivered to street address)1 WEST 4TH STREET D4000-041   Room/suite
City or town, state, and ZIP code
WINSTON SALEM, NC27101
A Employer identification number

23-6217801
B Telephone number (see instructions)

(336) 747-8186
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$2,179,821J 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 16 16  
4 Dividends and interest from securities...... 51,408 50,558  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 59,112
b Gross sales price for all assets on line 6a 920,436
7 Capital gain net income (from Part IV, line 2)... 59,112
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 110,536 109,686  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,442 22,831   7,611
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 750 0 0 750
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 4,259 628   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 7,228 3   7,225
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,679 23,462 0 15,586
25 Contributions, gifts, grants paid........ 37,500 37,500
26 Total expenses and disbursements. Add lines 24 and 25 80,179 23,462 0 53,086
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 30,357
b Net investment income (if negative, enter -0-) 86,224
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets 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.......... 146,707 164,743 164,743
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)........ 1,165,741 Click to see attachment1,120,057 1,254,580
c Investments—corporate bonds (attach schedule)........ 672,471    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment725,115 760,498
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) 1,984,919 2,009,915 2,179,821
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)    
23 Total liabilities (add lines 17 through 22)..........   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......... 1,984,919 2,009,915
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,984,919 2,009,915
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,984,919 2,009,915
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 1,984,919
2 Enter amount from Part I, line 27a..................... 2 30,357
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,015,276
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5,361
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,009,915
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 .0771 ACCO BRANDS CORP   2011-10-07 2012-05-15
b 56. ACCO BRANDS CORP   2011-10-07 2012-05-17
c 122. AFLAC INC COM   2011-10-07 2012-02-29
d 135. AMERICAN EXPRESS CO COM   2011-10-07 2012-03-22
e 140. AMERIPRISE FINANCIAL INC   2010-02-09 2012-02-29
11. AMGEN INC COM W/RTS ATTACHED EXP 03/21/2007   2008-12-15 2012-03-22
6. AMGEN INC COM W/RTS ATTACHED EXP 03/21/2007   2008-12-15 2012-09-18
11. ANHEUSER-BUSCH INBEV SPN ADR   2012-02-29 2012-03-22
6. ANHEUSER-BUSCH INBEV SPN ADR   2012-02-29 2012-09-18
5. APPLE COMPUTER INC COM   2010-07-12 2012-03-22
2. APPLE COMPUTER INC COM   2010-07-12 2012-09-18
287. ARTISAN FDS INC INTL FD INVESTOR CLASS   2011-07-13 2012-03-29
746. ARTISAN FDS INC INTL FD INVESTOR CLASS   2011-07-13 2012-11-21
121. ARTISAN MID CAP FUND-INS #1333   2012-07-06 2012-09-25
32. ASCENA RETAIL GROUP INC   2011-10-07 2012-03-22
160. ASCENA RETAIL GROUP INC   2011-10-07 2012-03-28
140. BMC SOFTWARE INC COM RTS EXP 05/12/2005   2011-10-07 2012-02-29
97. BAKER HUGHES INC COM   2011-10-07 2012-03-28
59. BRISTOL-MYERS SQUIBB CO COM   2008-01-24 2012-03-22
14. BRISTOL-MYERS SQUIBB CO COM   2008-01-24 2012-09-18
11. CVS CORP COM   2012-03-28 2012-09-18
28. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2011-10-07 2012-03-22
7. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2011-10-07 2012-08-24
7. CAPITAL ONE FINL CORP COM RTS EXP 11/29/2005   2011-10-07 2012-09-18
33. CARDINAL HLTH INC COM   2010-03-18 2012-03-22
10. CARDINAL HLTH INC COM   2010-03-18 2012-09-18
38. CENTURYTEL INC COM   2011-10-07 2012-03-22
139. CENTURYTEL INC COM   2011-10-07 2012-07-16
16. CHEVRONTEXACO CORP COM   2007-08-27 2012-03-22
5. CHEVRONTEXACO CORP COM   2007-08-27 2012-09-18
31. CISCO SYS INC COM W/RIGHTS ATTACHED EXPIRING 6/10/2008   2009-06-03 2012-03-22
22. COCA-COLA CO COM   2011-10-07 2012-03-22
10. COCA-COLA CO COM   2011-10-07 2012-09-18
39. COMCAST CORP NEW CL A   2011-02-11 2012-03-22
31. COMCAST CORP NEW CL A   2011-02-11 2012-08-24
10. COMCAST CORP NEW CL A   2011-02-11 2012-09-18
14. CONOCOPHILLIPS COM   2006-02-17 2012-03-22
705. CREDIT SUISSE COMM RET ST-I #2156   2011-10-11 2012-09-25
22. DANAHER CORP COM   2010-11-04 2012-03-22
9. DANAHER CORP COM   2010-11-04 2012-09-18
81. DIAMOND HILL LONG-SHORT FD CL I #11   2011-10-11 2012-03-29
784. DODGE & COX INT'L STOCK FD # 1048   2011-07-13 2012-09-25
3099.136 DODGE & COX INCOME FD COM   2011-10-11 2012-03-29
1557.864 DODGE & COX INCOME FD COM   2011-07-13 2012-03-29
2263.53 DODGE & COX INCOME FD COM   2011-10-11 2012-11-21
4784.47 DODGE & COX INCOME FD COM   2012-09-27 2012-11-21
63. DREYFUS EMG MKT DEBT LOC C-I #6083   2012-04-02 2012-07-03
45. DREYFUS EMG MKT DEBT LOC C-I #6083   2012-09-27 2012-11-21
107. DRIEHAUS ACTIVE INCOME FUND   2012-09-27 2012-11-21
15. E M C CORP MASS COM   2012-08-24 2012-09-18
6. ECOLAB INC COM   2012-02-29 2012-03-22
7. ECOLAB INC COM   2012-02-29 2012-09-18
5. EXXON MOBIL CORP COM   2006-02-17 2012-09-18
305. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND   2011-10-11 2012-03-29
44. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND   2011-10-11 2012-07-03
134. FLEMING CAP MUTUAL FUND GROUP J P MORGAN MID CAP VALUE FUND   2011-10-11 2012-09-25
29. FORD MTR CO DEL COM   2011-10-07 2012-03-22
357. FORD MTR CO DEL COM   2011-10-07 2012-07-16
55. GENERAL ELEC CO COM   2010-05-25 2012-03-22
23. GENERAL ELEC CO COM   2010-05-25 2012-09-18
18. GILEAD SCIENCES INC COM   2012-03-22 2012-09-18
2176.497 GOLDMAN SACHS GROWTH OPPORTUNITIES INSTITUTIONAL SHARES   2011-10-11 2012-03-29
32. HOME DEPOT INC COM   2009-03-30 2012-03-22
22. HOME DEPOT INC COM   2009-03-30 2012-07-16
8. HOME DEPOT INC COM   2009-03-30 2012-09-18
17. HONEYWELL INTL INC COM   2011-10-07 2012-03-22
10. HONEYWELL INTL INC COM   2011-10-07 2012-09-18
177. HUSSMAN STRATEGIC GROWTH FD   2011-10-11 2012-07-03
3167. HUSSMAN STRATEGIC GROWTH FD   2011-10-11 2012-09-25
206. HUSSMAN STRATEGIC GROWTH FD   2011-10-11 2012-11-21
42. INTEL CORP COM   2007-10-17 2012-03-22
15. INTEL CORP COM   2007-10-17 2012-09-18
3. INTERCONTINENTALEXCHANGE INC   2012-03-22 2012-09-18
6. INTL BUSINESS MACHINES CORP COM   2006-02-17 2012-03-22
3. INTL BUSINESS MACHINES CORP COM   2006-02-17 2012-09-18
11. INTUIT COM W/RTS EXP 5/1/2008   2012-02-29 2012-03-22
7. INTUIT COM W/RTS EXP 5/1/2008   2012-02-29 2012-09-18
934. ISHARES TR RUSSELL MIDCAP GROWTH   2012-03-29 2012-07-03
18. JP MORGAN CHASE & CO COM   2006-04-10 2012-03-22
10. JOHNSON & JOHNSON COM   2006-02-17 2012-03-22
7. JOHNSON & JOHNSON COM   2006-02-17 2012-09-18
125. KEELEY SMALL CAP VAL FD CL I #2251   2011-10-11 2012-03-29
164.858 KEELEY SMALL CAP VAL FD CL I #2251   2011-10-11 2012-09-25
55.142 KEELEY SMALL CAP VAL FD CL I #2251   2012-07-06 2012-09-25
32. KRAFT FOODS INC-A COM   2011-10-07 2012-03-22
147. KRAFT FOODS INC-A COM   2011-10-07 2012-03-28
217. LAUDUS MONDRIAN INTL FI-INST #2940   2011-10-11 2012-07-03
1608. LAUDUS MONDRIAN INTL FI-INST #2940   2011-10-11 2012-09-25
9. LAUDUS MONDRIAN INTL FI-INST #2940   2011-10-11 2012-11-21
15. MCDONALDS CORP COM   2011-10-07 2012-03-22
6. MCDONALDS CORP COM   2011-10-07 2012-09-18
17. MCKESSON HBOC INC COM   2009-10-19 2012-03-22
5. MCKESSON HBOC INC COM   2009-10-19 2012-09-18
29. MEADWESTVACO CORP COM W/RTS EXP 1/29/200   2011-10-07 2012-03-22
11. MEADWESTVACO CORP COM W/RTS EXP 1/29/200   2011-10-07 2012-09-18
114. MEDCO HEALTH SOLUTIONS INC   2011-10-07 2012-02-29
74. MERGER FD SH BEN INT   2012-04-02 2012-07-03
472.162 MERGER FD SH BEN INT   2011-10-11 2012-09-25
133.838 MERGER FD SH BEN INT   2012-04-02 2012-09-25
23. MICROSOFT CORP COM   2006-02-17 2012-03-22
17. MICROSOFT CORP COM   2006-02-17 2012-09-18
8. NATIONAL OILWELL INC COM   2011-03-08 2012-09-18
4. OCCIDENTAL PETE CORP COM   2007-07-26 2012-03-22
58. OCCIDENTAL PETE CORP COM   2007-07-26 2012-08-24
27. ORACLE CORP COM   2010-07-12 2012-03-22
16. ORACLE CORP COM   2010-07-12 2012-09-18
3747.801 PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL   2011-10-11 2012-03-29
2036.199 PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL   2011-07-13 2012-03-29
249. PIMCO FOREIGN BOND FUND-INST   2012-04-02 2012-07-03
227.952 PIMCO FOREIGN BOND FUND-INST   2012-04-02 2012-09-25
1507.048 PIMCO FOREIGN BOND FUND-INST   2011-10-11 2012-09-25
152. PIMCO FOREIGN BOND FUND-INST   2011-10-11 2012-11-21
35. PHILLIPS 66   2006-02-17 2012-05-17
17. PROCTER & GAMBLE CO COM   2011-10-07 2012-03-22
7. PROCTER & GAMBLE CO COM   2011-10-07 2012-09-18
35. PUBLIC SVC ENTERPRISE GRP INC COM   2011-10-07 2012-03-22
12. PUBLIC SVC ENTERPRISE GRP INC COM   2011-10-07 2012-09-18
18. QUALCOMM INC COM W/RTS ATTACHED   2011-10-07 2012-03-22
6. QUALCOMM INC COM W/RTS ATTACHED   2011-10-07 2012-09-18
21.48 RIDGEWORTH SEIX HY BD-I #5855   2011-10-11 2012-07-03
284.52 RIDGEWORTH SEIX HY BD-I #5855   2012-04-02 2012-07-03
93. RIDGEWORTH SEIX HY BD-I #5855   2011-10-11 2012-09-25
1000. RIDGEWORTH SEIX HY BD-I #5855   2011-10-11 2012-11-21
5864.934 ROWE T PRICE SHORT TERM BD FD INC   2012-04-02 2012-07-03
5128.066 ROWE T PRICE SHORT TERM BD FD INC   2010-02-01 2012-07-03
14572. ROWE T PRICE SHORT TERM BD FD INC   2012-04-02 2012-09-25
6152. ROWE T PRICE SHORT TERM BD FD INC   2012-04-02 2012-11-21
49. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-10-07 2012-03-29
57. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-10-07 2012-07-03
80. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-10-07 2012-09-25
29. SPDR DJ WILSHIRE INTERNATIONAL REAL   2011-10-07 2012-11-21
63. TCW GALILEO FDS INC SMALL CAP GROWTH FD   2011-10-11 2012-03-29
30.028 TCW GALILEO FDS INC SMALL CAP GROWTH FD   2011-10-11 2012-09-25
193.972 TCW GALILEO FDS INC SMALL CAP GROWTH FD   2012-07-06 2012-09-25
743. TCW GALILEO FDS INC SMALL CAP GROWTH FD   2011-10-11 2012-11-21
13. TARGET CORP COM   2011-10-07 2012-03-22
7. TARGET CORP COM   2011-10-07 2012-09-18
30. TEXAS INSTRS INC COM   2011-10-07 2012-03-22
175. TEXAS INSTRS INC COM   2011-10-07 2012-08-24
67. 3M CO COM   2009-11-09 2012-03-22
8. TIMKEN CO COM   2012-03-22 2012-09-18
7. TOTAL FINA ELF S A SPONSORED ADR   2012-08-24 2012-09-18
12. US BANCORP DEL COM NEW W/RIGHTS ATTACHED EXP 2/27/2011   2012-03-28 2012-09-18
3. UNION PAC CORP COM   2012-08-24 2012-09-18
24. UNITED TECHNOLOGIES CORP COM   2006-02-17 2012-03-22
8. UNITED TECHNOLOGIES CORP COM   2006-02-17 2012-09-18
32. UNITEDHEALTH GRP INC COM   2011-07-13 2012-03-22
13. UNITEDHEALTH GRP INC COM   2011-07-13 2012-09-18
28. UNUMPROVIDENT CORP COM   2011-10-07 2012-03-22
46. VANGARD MSCI EMERGING MARKETS EFT   2011-10-07 2012-03-29
148. VANGUARD REIT VIPER   2011-10-07 2012-03-29
71. VANGUARD REIT VIPER   2011-10-07 2012-07-03
9. VERIZON COMMUNICATIONS COM   2012-07-16 2012-09-18
107. WAL MART STORES INC COM   2010-06-23 2012-03-22
3. WYNN RESORTS LTD   2011-10-07 2012-03-22
39. WYNN RESORTS LTD   2011-10-07 2012-07-16
16. ACCENTURE PLC   2011-10-07 2012-03-22
7. ACCENTURE PLC   2011-10-07 2012-09-18
22. ACE LIMITED   2006-02-17 2012-03-22
5. ACE LIMITED   2006-02-17 2012-09-18
21. TYCO INTERNATIONAL LTD NEW   2009-09-24 2012-03-22
17. TYCO INTERNATIONAL LTD NEW   2009-09-24 2012-07-16
111. TYCO INTERNATIONAL LTD NEW   2009-09-24 2012-08-24
(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   1  
b 553   468 85
c 5,801   4,489 1,312
d 7,757   5,887 1,870
e 7,852   5,300 2,552
733   637 96
492   347 145
794   742 52
515   405 110
2,993   1,304 1,689
1,401   522 879
6,526   6,512 14
17,479   16,927 552
4,839   4,576 263
1,411   906 505
7,076   4,530 2,546
5,285   5,454 -169
3,966   4,783 -817
1,944   1,361 583
460   323 137
521   492 29
1,527   1,121 406
398   280 118
404   280 124
1,366   1,174 192
386   356 30
1,486   1,244 242
5,715   4,551 1,164
1,686   1,396 290
584   436 148
630   596 34
1,573   1,454 119
386   331 55
1,160   935 225
1,054   743 311
348   240 108
1,065   853 212
5,964   5,985 -21
1,199   984 215
501   403 98
1,462   1,298 164
25,888   28,099 -2,211
42,086   40,754 1,332
21,156   21,000 156
31,486   29,765 1,721
66,552   65,918 634
902   908 -6
676   673 3
1,131   1,119 12
416   400 16
359   362 -3
445   422 23
458   302 156
8,006   6,774 1,232
1,169   977 192
3,717   2,976 741
356   313 43
3,295   3,858 -563
1,090   852 238
509   356 153
1,201   839 362
56,067   47,600 8,467
1,587   742 845
1,131   510 621
470   185 285
1,009   775 234
612   456 156
2,016   2,280 -264
34,552   40,791 -6,239
2,295   2,653 -358
1,170   1,114 56
350   398 -48
421   420 1
1,234   483 751
620   242 378
636   635 1
417   404 13
55,854   58,224 -2,370
807   755 52
645   592 53
479   415 64
3,276   2,763 513
4,504   3,643 861
1,506   1,394 112
1,223   1,088 135
5,572   4,996 576
2,539   2,673 -134
19,537   19,811 -274
106   111 -5
1,440   1,309 131
558   524 34
1,468   1,042 426
434   307 127
883   728 155
333   246 87
7,739   5,540 2,199
1,170   1,171 -1
7,526   7,404 122
2,133   2,117 16
735   615 120
529   454 75
654   636 18
382   239 143
5,082   3,469 1,613
778   630 148
530   373 157
41,638   40,064 1,574
22,622   22,500 122
2,712   2,679 33
2,567   2,453 114
16,969   16,020 949
1,725   1,616 109
1,102   977 125
1,147   1,089 58
485   449 36
1,039   1,129 -90
376   387 -11
1,193   908 285
390   303 87
208   195 13
2,757   2,757  
928   846 82
9,950   9,100 850
28,386   28,386  
24,820   24,922 -102
70,820   70,528 292
29,837   29,776 61
1,784   1,623 161
2,115   1,888 227
3,172   2,649 523
1,164   960 204
1,860   1,624 236
869   774 95
5,612   5,084 528
19,065   19,147 -82
748   669 79
449   360 89
1,001   867 134
5,164   5,056 108
5,917   5,136 781
317   408 -91
375   344 31
411   381 30
379   371 8
1,967   1,388 579
650   463 187
1,726   1,675 51
719   680 39
667   619 48
1,960   1,720 240
9,275   7,465 1,810
4,708   3,564 1,144
403   408 -5
6,468   5,447 1,021
380   386 -6
3,765   5,024 -1,259
1,015   898 117
458   393 65
1,604   1,206 398
384   274 110
1,111   710 401
885   575 310
6,266   3,754 2,512
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       85
c       1,312
d       1,870
e       2,552
      96
      145
      52
      110
      1,689
      879
      14
      552
      263
      505
      2,546
      -169
      -817
      583
      137
      29
      406
      118
      124
      192
      30
      242
      1,164
      290
      148
      34
      119
      55
      225
      311
      108
      212
      -21
      215
      98
      164
      -2,211
      1,332
      156
      1,721
      634
      -6
      3
      12
      16
      -3
      23
      156
      1,232
      192
      741
      43
      -563
      238
      153
      362
      8,467
      845
      621
      285
      234
      156
      -264
      -6,239
      -358
      56
      -48
      1
      751
      378
      1
      13
      -2,370
      52
      53
      64
      513
      861
      112
      135
      576
      -134
      -274
      -5
      131
      34
      426
      127
      155
      87
      2,199
      -1
      122
      16
      120
      75
      18
      143
      1,613
      148
      157
      1,574
      122
      33
      114
      949
      109
      125
      58
      36
      -90
      -11
      285
      87
      13
       
      82
      850
       
      -102
      292
      61
      161
      227
      523
      204
      236
      95
      528
      -82
      79
      89
      134
      108
      781
      -91
      31
      30
      8
      579
      187
      51
      39
      48
      240
      1,810
      1,144
      -5
      1,021
      -6
      -1,259
      117
      65
      398
      110
      401
      310
      2,512
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 59,112
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 73,373 2,114,885 0.034694
2010 65,684 1,978,036 0.033207
2009 100,475 1,760,782 0.057063
2008 103,655 2,074,987 0.049955
2007 116,172 2,477,529 0.04689
2 Total of line 1, column (d) ...................... 2 0.221809
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 0.044362
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 2,108,552
5 Multiply line 4 by line 3....................... 5 93,540
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 862
7 Add lines 5 and 6......................... 7 94,402
8 Enter qualifying distributions from Part XII, line 4.............. 8 53,086
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 1,724
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 0
3 Add lines 1 and 2............................ 3 1,724
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,724
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 2,464
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,464
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 740
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet740 Refunded Bullet 11 0
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)
    bulletPA
    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 addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (336) 747-8186
    Located atbullet1 W 4TH STWINSTON SALEMNC ZIP+4bullet271014047
    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
     
    No
    .........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
     
    No
    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
     
    No
    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
     
    No
    .........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
    WELLS FARGO BANK NA TRUSTEE
    4     		30,442    
    1525 WEST WT HARRIS BLVD D1114-044
    CHARLOTTE,NC28288
    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 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    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
    1,969,743
    b
    Average of monthly cash balances.......................
    1b
    170,919
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,140,662
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,140,662
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    32,110
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,108,552
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    105,428
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    105,428
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,724
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,724
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    103,704
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    103,704
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    103,704
    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
    53,086
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    53,086
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    53,086
    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 7 103,704
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 9,083
    b Total for prior years:2010, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 0
    b From 2008....... 0
    c From 2009....... 0
    d From 2010....... 0
    e From 2011....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 53,086
    a Applied to 2011, but not more than line 2a 9,083
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 44,003
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2012. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		59,701
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 0
    c Excess from 2010.... 0
    d Excess from 2011.... 0
    e Excess from 2012.... 0
    Form 990-PF (2012)
    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).)
    NONE
    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.
    NONE
    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:
    CENTER FOR SCHOLARSHIP ADMINISTRATI
    PO BOX 1465
    TAYLOR,SC29687
    (866) 608-0001
    bThe form in which applications should be submitted and information and materials they should include:
    WWW.CSASCHOLARS.ORG
    cAny submission deadlines:
    MARCH 28- ANNUALLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    REQUIREMENT: HIGH SCHOOL SENIORS ATTENDING PUBLIC SCHOOL IN CHESTER COUNTY, PA
    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
    CENTER FOR SCHOLARSHIP
    ADMINISTRATION INC
    PO BOX 1465
    TAYLOR,SC296870031     		NONE PUBLIC EXEMPT SCHOLARSHIP AWARDS 37,500
    Total .................................bullet 3a 37,500
    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 16  
    4 Dividends and interest from securities....     14 51,408  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 59,112  
    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)..   110,536  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13110,536
    (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 AccountingFeesSchedule
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 750     750

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Name of Bond End of Year Book Value End of Year Fair Market Value
    256210105 DODGE & COX INCOME F    
    261980494 DREYFUS EMG MKT DEBT    
    51855Q655 LAUDUS MONDRIAN INTL    
    693390700 PIMCO TOTAL RET FD-I    
    693390882 PIMCO FOREIGN BD FD    
    76628T645 RIDGEWORTH SEIX HY B    
    77957P105 T ROWE PRICE SHORT T    

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Name of Stock End of Year Book Value End of Year Fair Market Value
    04315J209 ARTIO TOTAL RETURN    
    256210105 DODGE & COX    
    464287242 ISHARES IBOXX    
    693390841 PIMCO HIGH YIELD    
    693390700 PIMCO TOTAL RETURN    
    77957P105 T ROWE PRICE SHORT    
    922031869 VANGUARD INFLATION    
    94985D582 WELLS FARGO ADVANT.    
    693391559 PIMCO EMERGING MARK    
    784924425 SSGA EMERGING MKT    
    89155H793 TOUCHSTONE MID CAP    
    94984B348 WELLS FARGO ADVAN.    
    94984B397 WELLS FARGO ADVANT.    
    94985D244 WELLS FARGO ADVANT.    
    246248306 DELAWARE POOLED    
    44980Q518 ING INTERNATIONAL    
    722005667 PIMCO COMMODITY    
    779919109 T ROWE PRICE REAL    
    H0023R105 ACE LIMITED 5,044 7,342
    G6852T105 PARTNERRE LTD    
    H8912P106 TYCO ELECTRONICS    
    H89128104 TYCO INTERNATIONAL    
    345370860 FORD MOTOR CO    
    364760108 GAP INC    
    437076102 HOME DEPOT INC 2,736 7,298
    654106103 NIKE INC CL B    
    778296103 ROSS STORES INC    
    126650100 CVS/CAREMARK CORPORA 5,139 5,560
    742719109 PROCTER & GAMBLE CO    
    902494103 TYSON FOODS INC    
    931142103 WALMART STORES INC    
    166764100 CHEVRON CORP 4,100 5,083
    171798101 CIMAREX ENERGY CO    
    20825C104 CONOCOPHILLIPS 3,289 4,059
    30231G102 EXXON MOBIL CORPORAT 4,230 6,059
    406216101 HALLIBRUTON CO    
    674599105 OCCIDENTAL PETE CORP    
    03076C106 AMERIPRISE FINL INC    
    172967101 CITIGROUP INC    
    46625H100 JPMORGAN CHASE & CO 4,905 5,144
    693475105 PNC FINANCIAL SVCS    
    91529Y106 UNUM GROUP 4,552 4,289
    031162100 AMGEN INC 3,357 5,000
    110122108 BRISTOL MYERS SQUIBB 4,152 5,866
    14149Y108 CARDINAL HEALTH INC 3,949 4,571
    345838106 FOREST LABS INC    
    478160104 JOHNSON & JOHNSON 4,798 5,678
    58155Q103 MCKESSON CORP 3,678 5,818
    58405U102 MEDCO HEALTH SOLUTNS    
    235851102 DANAHER CORP 4,698 5,870
    369604103 GENERAL ELECTRIC CO 4,121 5,583
    907818108 UNION PACIFIC CORP 5,570 5,657
    913017109 UNITED TECHNOLOGIES 4,049 5,741
    88579Y101 3M CO    
    037833100 APPLE INC 5,950 10,111
    17275R102 CISCO SYSTEMS INC 5,541 5,973
    219350105 CORNING INC    
    428236103 HEWLETT PACKARD CO    
    44919P508 IAC INTERACTIVE CORP    
    458140100 INTEL CORP 5,359 4,165
    459200101 INTERNATIONAL BUSINE 2,578 6,130
    594918104 MICROSOFT CORP 4,357 4,354
    68389X105 ORACLE CORPORATION 3,757 5,365
    882508104 TEXAS INSTRUMENTS    
    459506101 INTERNATL FLAVORS    
    81211K100 SEALED AIR CORP    
    92343V104 VERIZON COMMUNICATIO 5,400 5,149
    210371100 CONSTELLATION ENERGY    
    001055102 AFLAC INC    
    025816109 AMERICAN EXPRESS CO    
    04314H204 ARTISAN INTERNATIONA 86,127 98,946
    04351G101 ASCENA RETAIL GROUP    
    055921100 BMC SOFTWARE INC    
    057224107 BAKER HUGHES INC COM    
    14040H105 CAPITAL ONE FINANCIA 4,524 6,546
    156700106 CENTURYLINK, INC    
    191216100 COCA COLA CO 4,892 5,365
    20030N101 COMCAST CORP CLASS A 4,457 6,949
    22544R305 CREDIT SUISSE COMM R 106,369 101,123
    25264S833 DIAMOND HILL LONG-SH 47,426 52,773
    256206103 DODGE & COX INT'L ST 94,356 99,353
    339128100 JP MORGAN MID CAP VA 37,448 47,039
    38142Y401 GOLDMAN SACHS GRTH O    
    438516106 HONEYWELL INTERNATIO 4,102 5,712
    448108100 HUSSMAN STRATEGIC GR 45,033 38,868
    487300808 KEELEY SMALL CAP VAL 43,092 55,691
    50075N104 KRAFT FOODS INC    
    580135101 MCDONALDS CORP 5,498 5,557
    583334107 MEADWESTVACO CORP 3,555 5,067
    589509108 MERGER FD SH BEN INT 30,497 30,788
    637071101 NATIONAL OILWELL INC 5,165 4,443
    683974505 OPPENHEIMER DEVELOPI 56,437 65,184
    744573106 PUBLIC SVC ENTERPRIS 4,550 4,315
    747525103 QUALCOMM INC 4,638 5,691
    78463X863 SPDR DJ WILSHIRE INT 59,777 74,637
    87234N849 TCW SMALL CAP GROWTH 26,056 27,097
    87612E106 TARGET CORP 4,221 4,852
    91324P102 UNITEDHEALTH GROUP I 5,286 5,478
    922042858 VANGUARD MSCI EMERGI 57,060 67,285
    922908553 VANGUARD REIT VIPER 58,635 75,538
    983134107 WYNN RESORTS LTD    
    G1151C101 ACCENTURE PLC 4,994 5,919
    03524A108 ANHEUSER-BUSCH INBEV 5,596 7,255
    037411105 APACHE CORP 4,173 3,847
    04314H600 ARTISAN MID CAP FUND 55,714 57,384
    22160K105 COSTCO WHOLESALE COR 5,511 6,023
    254687106 WALT DISNEY CO 5,401 6,174
    268648102 E M C CORP MASS 5,674 5,389
    278865100 ECOLAB INC 5,243 6,255
    367829884 GATEWAY FUND - Y #19 52,835 52,006
    375558103 GILEAD SCIENCES INC 5,128 8,080
    45865V100 INTERCONTINENTALEXCH 5,320 4,705
    461202103 INTUIT COM 5,312 5,472
    464287648 ISHARES RUSSELL 2000 26,314 27,640
    742718109 PROCTER & GAMBLE CO 4,998 5,295
    872540109 TJX COS INC NEW 5,878 5,561
    887389104 TIMKEN CO 6,571 6,170
    89151E109 TOTAL S.A. - ADR 5,555 5,877
    902973304 US BANCORP DEL NEW 5,330 5,366

    TY 2012 InvestmentsOtherSchedule2
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    256210105 DODGE & COX INCOME F AT COST 87,979 101,919
    261980494 DREYFUS EMG MKT DEBT AT COST 97,945 105,315
    262028855 DRIEHAUS ACTIVE INCO AT COST 30,464 31,075
    51855Q655 LAUDUS MONDRIAN INTL AT COST 47,438 45,085
    693390700 PIMCO TOTAL RET FD-I AT COST 307,712 311,877
    693390882 PIMCO FOREIGN BD FD AT COST 43,064 43,713
    76628T645 RIDGEWORTH SEIX HY B AT COST 94,158 105,126
    77957P105 T ROWE PRICE SHORT T AT COST 16,355 16,388

    TY 2012 OtherDecreasesSchedule
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Description Amount
    MUTUAL FUND TIMING DIFFERENCE 5,084
    RETURN OF CAPITAL ADJUSTMENT 274
    ROUNDING 3


    TY 2012 OtherExpensesSchedule
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-INCOME 7,225 0   7,225
    OTHER NONALLOCABLE EXPENSES - 3 3   0


    TY 2012 TaxesSchedule
    Name:
    TD FRANK THOMSON SCHOLARSHIPS
    EIN: 23-6217801
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 87 87   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,167 0   0
    FEDERAL ESTIMATES - PRINCIPAL 2,464 0   0
    FOREIGN TAXES ON QUALIFIED FOR 380 380   0
    FOREIGN TAXES ON NONQUALIFIED 161 161   0