TY 2012 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2012

Open to Public Inspection

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

Name of foundation
ARTHUR B SHIPLEY & MAE NELSON SHIPLEY

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT Room/suite

City or town, state, and ZIP code
WILSON, NC278942907

A Employer identification number

52-6318347

B Telephone number (see instructions)

(919) 716-9045

C If exemption application is pending, check here bullet

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

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

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

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

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

$2,761,713J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	75,677		75,677
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		39,224
b	Gross sales price for all assets on line 6a 1,116,046
7	Capital gain net income (from Part IV, line 2)...			39,224
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).......		4	4
12	Total. Add lines 1 through 11........	114,905		114,905
13	Compensation of officers, directors, trustees, etc.	27,926		27,926
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).......		1,000			1,000
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		7,115	1,575		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).......		221	221
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	36,262		29,722	0	1,000
25	Contributions, gifts, grants paid........	132,849				132,849
26	Total expenses and disbursements. Add lines 24 and 25	169,111		29,722	0	133,849
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-54,206
b	Net investment income (if negative, enter -0-)			85,183
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2012)

Form 990-PF (2012)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	5,376	2,645	2,645
	2	Savings and temporary cash investments..........	17,914	37,906	37,906
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	325,462
	b	Investments—corporate stock (attach schedule)........	1,345,386	1,501,541	1,562,310
	c	Investments—corporate bonds (attach schedule)........	674,602	1,017,208	1,047,202
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	349,206	106,882	111,650
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,717,946	2,666,182	2,761,713
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	2,717,946	2,666,182
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,717,946	2,666,182
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,717,946	2,666,182

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	2,717,946
2	Enter amount from Part I, line 27a.....................	2	-54,206
3	Other increases not included in line 2 (itemize)	3	2,478
4	Add lines 1, 2, and 3..........................	4	2,666,218
5	Decreases not included in line 2 (itemize)	5	36
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	2,666,182

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	10. PHARMASSET, INC. COMMON		2011-09-07	2012-02-09
b	10. ACME PACKET INC COMMON		2011-09-07	2012-02-15
c	130. AMGEN INC		2011-06-22	2012-02-15
d	20. ANNALY CAPITAL MANAGEMENT COMMON		2011-04-07	2012-02-15
e	6. APPLE COMPUTER COM		2010-07-22	2012-02-15
	4. APPLE COMPUTER COM		2011-04-07	2012-02-15
	210. BANCO SANTANDER CENT HISPANO S A ADR		2011-08-08	2012-02-15
	10. BILL BARRETT CORP COMMON		2011-06-22	2012-02-15
	40. BENCHMARK ELECTRONICS COMMON		2011-06-22	2012-02-15
	160. CVS CORP		2011-09-07	2012-02-15
	15. CARBO CERAMICS INC COMMON		2011-06-22	2012-02-15
	99.623 COHEN & STEERS REALTY SHARES INSTITUTION		2011-10-17	2012-02-15
	170. COMCAST CORP NEW CL A		2009-07-06	2012-02-15
	40. COMPUTER SCIENCES CORP		2011-04-07	2012-02-15
	80. CONOCOPHILLIPS COM		2003-06-19	2012-02-15
	30. EXCO RESOURCES INC COMMON		2011-04-07	2012-02-15
	20. ENERGIZER HOLDINGS INC COMMON		2011-04-07	2012-02-15
	25. EXPEDIA INC COMMON		2011-08-08	2012-02-15
	50. FOREST OIL CORP		2011-04-07	2012-02-15
	20. FUEL SYSTEMS SOLUTIONS INC COMMON		2011-04-07	2012-02-15
	20. GAFISA S.A.		2011-06-22	2012-02-15
	20. HANCOCK HOLDING COMPANY		2011-06-22	2012-02-15
	110. HECLA MINING		2011-04-07	2012-02-15
	20. INTERDIGITAL INC COMMON		2011-04-07	2012-02-15
	30. INTL SPEEDWAY A COMMON		2011-06-22	2012-02-15
	10. INVESTMENT TECH GROUP INC COMMON		2011-06-22	2012-02-15
	10. IRONWOOD PHARMACEUTICALS, INC. COMMON		2011-04-07	2012-02-15
	50. ISHARES FTSE/XINHUA CHINA 25 INDEX FUND		2011-06-22	2012-02-15
	145. KRAFT FOODS INC-A COMMON			2012-02-15
	10. LAKELAND FINANCIAL CORP		2011-04-07	2012-02-15
	30. LAYNE CHRISTENSEN COMPANY		2011-04-07	2012-02-15
	20. LINKEDIN CORP COMMON		2011-12-08	2012-02-15
	110. MARUI LTD ADR		2011-06-22	2012-02-15
	110. MEDTRONIC INC			2012-02-15
	40. NAVIGATORS GROUP INC COMMON		2011-04-07	2012-02-15
	10. NETSCOUT SYSTEMS INC COMMON		2011-09-07	2012-02-15
	30. NEXTERA ENERGY, INC. COMMON		2011-04-07	2012-02-15
	10. NINTENDO LTD ADR		2011-06-22	2012-02-15
	30. OMNIVISION TECHNOLOGIES INC COMMON		2011-06-22	2012-02-15
	20. PORTFOLIO RECOVERY ASSOC. INC.		2011-04-07	2012-02-15
	60. PRESTIGE BRANDS HOLDINGS INC COMMON		2011-06-22	2012-02-15
	90. PUBLICIS GROUPE ADR		2011-06-22	2012-02-15
	180. RESOURCES CONNECTION INC			2012-02-15
	10. REX ENERGY CORP COMMON		2011-06-22	2012-02-15
	50. RUE21 INC COMMON		2011-04-07	2012-02-15
	50. SAIC INC COMMON		2011-06-22	2012-02-15
	10. SASOL LTD SPONSORED ADR		2011-06-22	2012-02-15
	10. SCHNITZER STEEL INDS INC CL A		2011-06-22	2012-02-15
	20. SUBSEA 7 SA		2011-06-22	2012-02-15
	80. SUCCESSFACTORS, INC COMMON		2011-04-07	2012-02-15
	40. SUPERIOR ENERGY SERVICES INC COMMON		2011-04-07	2012-02-15
	20. THORATEC CORP.		2011-06-22	2012-02-15
	40. UNIVERSAL TECHNICAL INSTITUTE INC COMMON		2011-06-22	2012-02-15
	50. WMS INDUSTRIES INC COMMON		2011-04-07	2012-02-15
	70. WAL-MART STORES INC			2012-02-15
	110. AT&T INC			2012-05-11
	256. AT&T INC		2004-08-26	2012-05-11
	170. ALCOA, INC.		2011-06-22	2012-05-11
	70. ALCOA, INC.		2011-04-07	2012-05-11
	95. AMERICAN EXPRESS CO COM STK*		2010-12-20	2012-05-11
	80. ANADARKO PETE CORP		2012-02-15	2012-05-11
	210. BAKER HUGHES INCORPORATED			2012-05-11
	150. BARRICK GOLD CORP COM (FOREIGN SECURITY)			2012-05-11
	50. BERKSHIRE HATHAWAY INC DEL CL B COMMON		2010-03-17	2012-05-11
	70. BERKSHIRE HATHAWAY INC DEL CL B COMMON			2012-05-11
	20. CF INDUSTRIES HOLDINGS INC COMMON		2011-04-07	2012-05-11
	90. CVS CORP		2011-09-07	2012-05-11
	120. CA INC COMMOM		2011-04-07	2012-05-11
	50. CARNIVAL CORP COMMON		2011-06-22	2012-05-11
	190. CENOVUS ENERGY INC.		2011-04-07	2012-05-11
	180. CHINA RESOURCES ENTERPRISE LTD SP ADR			2012-05-11
	460. CISCO SYS INC			2012-05-11
	120. COCA-COLA CO COM STK*		2011-06-22	2012-05-11
	67.324 COHEN & STEERS REALTY SHARES INSTITUTION		2011-10-17	2012-05-11
	100. COMCAST CORP NEW CL A		2011-04-07	2012-05-11
	185. COMCAST CORP NEW CL A		2009-07-06	2012-05-11
	70. CREDIT SUISSE GRP SPONSORED ADR			2012-05-11
	330. WALT DISNEY COMPANY THE		2003-06-19	2012-05-11
	170. DU PONT E I DE NEMOURS & COMPANY			2012-05-11
	240. EMC CORP		2011-10-13	2012-05-11
	80. EBAY INC COM		2011-04-07	2012-05-11
	190. EXPRESS SCRIPTS HOLDING CO COMMON		2011-10-13	2012-05-11
	110. EXXON MOBIL CORP		2003-06-19	2012-05-11
	90. EXXON MOBIL CORP			2012-05-11
	30. FEDEX CORP COM		2011-06-22	2012-05-11
	50. FEDEX CORP COM		2010-09-24	2012-05-11
	70. FREEPORT MCMORAN CPR & GOLD CLASS B		2011-08-08	2012-05-11
	530. GENERAL ELECTRIC CO COM STK			2012-05-11
	10. GOOGLE INC CL A		2010-09-24	2012-05-11
	10. GOOGLE INC CL A			2012-05-11
	210. HONEYWELL INTL INC			2012-05-11
	40. INTERNATIONAL BUSINESS MACHINES COM		2003-06-19	2012-05-11
	90. INVESTMENT TECH GROUP INC COMMON		2011-06-22	2012-05-11
	40. ISHARES FTSE/XINHUA CHINA 25 INDEX FUND		2011-06-22	2012-05-11
	360. J P MORGAN CHASE & CO			2012-05-11
	140. JOHNSON + JOHNSON COM STK			2012-05-11
	90. KELLOGG COMPANY		2011-12-08	2012-05-11
	35. KRAFT FOODS INC-A COMMON		2008-02-07	2012-05-11
	90. KRAFT FOODS INC-A COMMON		2011-06-22	2012-05-11
	280. LOWES COS INC		2010-12-20	2012-05-11
	110. LOWES COS INC		2011-06-22	2012-05-11
	20. MCKESSON CORPORATION		2011-08-08	2012-05-11
	70. MEDTRONIC INC		2011-06-22	2012-05-11
	55. MEDTRONIC INC		2008-02-07	2012-05-11
	250. MERCK & CO INC COMMON			2012-05-11
	40. METLIFE COMMON		2011-08-08	2012-05-11
	210. METLIFE COMMON		2011-04-07	2012-05-11
	260. MICROSOFT CORP			2012-05-11
	60. NETSCOUT SYSTEMS INC COMMON		2011-09-07	2012-05-11
	50. PEPSICO INC		2003-06-19	2012-05-11
	150. PROCTER & GAMBLE CO COM STK*			2012-05-11
	270. ST. JUDE MED INC			2012-05-11
	310. AMEX FINANCIAL SELECT SPDR		2011-09-07	2012-05-11
	176. UTILITIES SELECT SECTOR SPDR FUND		2010-02-19	2012-05-11
	120. STERIS CORP COMMON		2011-04-07	2012-05-11
	290.135 STERLING CAPITAL CORPORATE FUND NAME&CUSIP CHGE TO 85917K710		2011-08-08	2012-05-11
	170. STRYKER CORP COMMON			2012-05-11
	220. SUMITOMO CORPORATION		2011-06-22	2012-05-11
	270. SYSCO		2011-12-08	2012-05-11
	100. TEXAS INSTRUMENTS INC COM STK		2010-07-22	2012-05-11
	60. UNITEDHEALTH GROUP		2011-04-07	2012-05-11
	40. UNITEDHEALTH GROUP		2012-02-15	2012-05-11
	60. WAL-MART STORES INC			2012-05-11
	100. WAL-MART DE MEXICO		2011-06-22	2012-05-11
	260. WELLS FARGO & CO. (NEW)			2012-05-11
	110. WELLS FARGO & CO. (NEW)		2011-08-08	2012-05-11
	470. WEYERHAEUSER COMMON STK		2011-06-22	2012-05-11
	400. XYLEM INC COMMON		2011-12-08	2012-05-11
	310. TE CONNECTIVITY LTD		2011-04-07	2012-05-11
	40. TE CONNECTIVITY LTD		2010-05-10	2012-05-11
	.5 COMPANHIA ENERGETICA DE MINAS GERAIS SPONSORED ADR PAR $.01 REP NON		2011-06-22	2012-06-11
	160. ABB LTD SPONSORED ADR		2009-07-06	2012-08-15
	140. ACME PACKET INC COMMON		2012-05-11	2012-08-15
	60. ADIDAS AG			2012-08-15
	70. AEROVIRONMENT INC COMMON		2011-04-07	2012-08-15
	220. ALLSCRIPTS HEALTHCARE SOLUTIONS		2011-04-07	2012-08-15
	60. ARCELORMITTAL		2011-06-22	2012-08-15
	30. ARCELORMITTAL			2012-08-15
	110. ARUBA NETWORKS INC COMMON		2011-06-22	2012-08-15
	140. ASAHI GLASS COMPANY LIMITED		2011-06-22	2012-08-15
	110. ASAHI GLASS COMPANY LIMITED		2012-05-11	2012-08-15
	50. BP AMOCO PLC ADS L C			2012-08-15
	130. BANCO BRADESCO S A		2011-06-22	2012-08-15
	30. BANCO BRADESCO S A		2012-05-11	2012-08-15
	50. BANK OF NOVA SCOTIA		2011-06-22	2012-08-15
	95. THE BANK OF YOKOHAMA LTD			2012-08-15
	20. BELLE INTERNATIONAL HOLDINGS LIMITED		2011-08-08	2012-08-15
	40. BHP BILLITON LIMITED		2011-06-22	2012-08-15
	40. C.H ROBINSON WORLDWIDE INC COMMON		2011-04-07	2012-08-15
	40. CANADIAN NATL RY CO COMMON		2011-06-22	2012-08-15
	100. CANON INC ADR REPSTG 5 SHS		2011-06-22	2012-08-15
	180. CHICO'S FAS INC COMMON		2011-04-07	2012-08-15
	90. COMCAST CORP NEW CL A		2011-04-07	2012-08-15
	330. COMPAGNIE FINANCIERE RICHEMONT SA		2012-05-11	2012-08-15
	162. COMPANHIA ENERGETICA DE MINAS GERAIS SPONSORED ADR PAR $.01 REP N		2011-06-22	2012-08-15
	50. DENDREON CORP COMMON		2012-05-11	2012-08-15
	110. DENDREON CORP COMMON		2011-04-07	2012-08-15
	30. DEVON ENERGY CORPORATIOIN NEW		2012-05-11	2012-08-15
	50. DIAGEO PLC SPONSORED ADR NEW		2012-05-11	2012-08-15
	60. ENI S P A ADR		2011-06-22	2012-08-15
	220. EXCO RESOURCES INC COMMON		2011-04-07	2012-08-15
	70. EBAY INC COM		2011-04-07	2012-08-15
	30. ENERGIZER HOLDINGS INC COMMON			2012-08-15
	140. ERSTE BK DER OESTER SPAR-ADR		2011-06-22	2012-08-15
	70. FAIR ISAAC INC COMMON		2011-04-07	2012-08-15
	30. GDF SUEZ SPONS ADR		2011-08-08	2012-08-15
	30. GDF SUEZ SPONS ADR			2012-08-15
	10. GAFISA S.A.		2012-05-11	2012-08-15
	250. GAFISA S.A.		2011-06-22	2012-08-15
	150. GENERAL ELECTRIC CO COM STK			2012-08-15
	60. GLAXO PLC SPONSORED ADR		2011-06-22	2012-08-15
	30. GREEN DOT CORP CLASS A COMMON		2012-05-11	2012-08-15
	80. GREEN DOT CORP CLASS A COMMON		2011-06-22	2012-08-15
	70. GREEN MOUNTAIN COFFEE ROASTERS INC COMMO		2011-04-07	2012-08-15
	40. HENKEL KGAA		2011-06-22	2012-08-15
	180. ICAP PLC		2011-06-22	2012-08-15
	120. INDUSTRIAL AND COMMERCIAL BANK OF CHINA		2011-06-22	2012-08-15
	20. INFOSYS TECHNOLOGIES SP ADR		2011-09-07	2012-08-15
	160. MINING AND METALLURGICAL CO NORILSK NICK		2011-06-22	2012-08-15
	10. JUPITER TELECOMMUNICATIONS CO LTD ADR		2012-05-11	2012-08-15
	20. JUPITER TELECOMMUNICATIONS CO LTD ADR		2011-06-22	2012-08-15
	10. KB FINANCIAL GROUP INC COMMON		2012-05-11	2012-08-15
	60. KB FINANCIAL GROUP INC COMMON		2011-06-22	2012-08-15
	450. KINGFISHER PLC-SPONS ADR		2011-06-22	2012-08-15
	10. LAYNE CHRISTENSEN COMPANY		2012-05-11	2012-08-15
	90. LAYNE CHRISTENSEN COMPANY		2011-04-07	2012-08-15
	30. MERCK & CO INC COMMON		2008-02-07	2012-08-15
	40. MERCK & CO INC COMMON		2011-12-08	2012-08-15
	100. MICROSOFT CORP			2012-08-15
	8. MITSUI & CO LTD		2011-06-22	2012-08-15
	160. MTN GROUP LTD ADR		2011-06-22	2012-08-15
	110. NIDEC CORPORATION		2011-06-22	2012-08-15
	10. NINTENDO LTD ADR		2012-05-11	2012-08-15
	100. NINTENDO LTD ADR		2011-06-22	2012-08-15
	40. OIL CO LUKOIL SPONSORED ADR		2011-06-22	2012-08-15
	120. ORACLE SYS CORP			2012-08-15
	180. ORACLE SYS CORP		2011-09-07	2012-08-15
	263.157 PIMCO TOTAL RETURN FUND -#35		2011-06-22	2012-08-15
	5. PETROCHINA COMPANY LTD COMMON		2012-05-11	2012-08-15
	10. PETROCHINA COMPANY LTD COMMON		2011-06-22	2012-08-15
	80. PETROLEO BRASILEIRO SA PETROBRAS COMMON		2011-06-22	2012-08-15
	10. PETROLEO BRASILEIRO SA PETROBRAS COMMON		2012-05-11	2012-08-15
	130. PING AN INSURANCE GROUP COMPANY OF CHINA		2011-06-22	2012-08-15
	6. PRICELINE.COM INC COMMON		2012-05-11	2012-08-15
	110. PRUDENTIAL PLC			2012-08-15
	60. RUE21 INC COMMON		2011-04-07	2012-08-15
	190. SANDVIK AB		2011-06-22	2012-08-15
	30. SBERBANK OF RUSSIA		2011-09-07	2012-08-15
	120. SBERBANK OF RUSSIA		2011-08-08	2012-08-15
	90. SUBSEA 7 SA		2011-06-22	2012-08-15
	760. SUMITOMO MITSUI TRUST HOLDINGS INC		2011-06-22	2012-08-15
	50. TARGET CORP COM		2003-06-19	2012-08-15
	70. TECK RESOURCES LTD COMMON		2011-06-22	2012-08-15
	130. UNILEVER N V NY SHS NEW F		2011-06-22	2012-08-15
	150. VALE SA SP PREF ADR			2012-08-15
	40. WESTPAC BANKING			2012-08-15
	.176 KINDER MORGAN MANAGEMENT LLC		2012-05-11	2012-08-29
	100. HUMAN GENOME SCIENCES INC COMMON		2011-06-22	2012-09-05
	190. HUMAN GENOME SCIENCES INC COMMON			2012-09-05
	8. APPLE COMPUTER COM		2011-04-07	2012-10-09
	210. BANCO SANTANDER CENT HISPANO S A ADR		2012-08-15	2012-10-09
	60. BORGWARNER AUTOMOTIVE INC COMMON			2012-10-09
	20. BORGWARNER AUTOMOTIVE INC COMMON		2011-09-07	2012-10-09
	80. BROADCOM CORPORATION COMMON		2011-06-22	2012-10-09
	10. BROADCOM CORPORATION COMMON		2012-05-11	2012-10-09
	10. CARMAX INC. COMMON		2012-05-11	2012-10-09
	90. CARMAX INC. COMMON		2011-04-07	2012-10-09
	50. CHART INDUSTRIES INC COMMON			2012-10-09
	90. CHICO'S FAS INC COMMON		2011-04-07	2012-10-09
	100. CHICO'S FAS INC COMMON		2011-12-08	2012-10-09
	50. CISCO SYS INC		2006-05-02	2012-10-09
	100. CISCO SYS INC		2011-06-22	2012-10-09
	40. CLIFFS NATURAL RESOURCES INC COMMON		2012-05-11	2012-10-09
	93.562 COHEN & STEERS REALTY SHARES INSTITUTION		2011-10-17	2012-10-09
	190. CONOCOPHILLIPS COM		2012-05-11	2012-10-09
	30. CTRIP.COM INTERNATIONAL LTD		2012-05-11	2012-10-09
	100. CTRIP.COM INTERNATIONAL LTD		2011-04-07	2012-10-09
	901.104 DOUBLELINE TOTAL RETURN BOND FUND		2011-12-08	2012-10-09
	60. FMC TECHNOLOGIES INC COMMON		2011-06-22	2012-10-09
	20. F5 NETWORKS INC COMMON		2011-06-22	2012-10-09
	10. F5 NETWORKS INC COMMON		2011-12-08	2012-10-09
	60. GILEAD SCIENCES, INC.		2011-04-07	2012-10-09
	100. GRANITE REAL ESTATE INC.		2011-04-07	2012-10-09
	150. ILLINOIS TOOL WORKS INC		2012-05-11	2012-10-09
	398.317 LAZARD EMERGING MKTS PORTFOLIO INST CLAS		2010-12-20	2012-10-09
	90. MERCADOLIBRE INC COMMON		2012-05-11	2012-10-09
	327.457 METROPOLITAN WEST TOTAL RETURN BOND FUND		2010-12-20	2012-10-09
	70. MONSANTO CO		2012-05-11	2012-10-09
	377.635 OPPENHEIMER DEVELOPING MARKETS FUND CL Y		2011-04-07	2012-10-09
	160. PAREXEL INTERNATIONAL COMMON		2011-04-07	2012-10-09
	90. PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR		2011-06-22	2012-10-09
	30. PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR		2012-05-11	2012-10-09
	6. PRICELINE.COM INC COMMON		2012-05-11	2012-10-09
	40. QUALCOMM INC COMMON		2011-09-07	2012-10-09
	25. SALESFORCE.COM INC COMMON		2012-05-11	2012-10-09
	30. SALESFORCE.COM INC COMMON		2011-04-07	2012-10-09
	120. SALLY BEAUTY COMPANY INC COMMON		2011-04-07	2012-10-09
	190. SUNCOR ENERGY, INC			2012-10-09
	10. SYNAPTICS INC		2011-06-22	2012-10-09
	260. TAIWAN SEMICONDUCTOR MANUFACTURING CO LT		2011-06-22	2012-10-09
	220. TAIWAN SEMICONDUCTOR MANUFACTURING CO LT		2012-05-11	2012-10-09
	25. TRIPADVISOR INC. COMMON		2011-08-08	2012-10-09
	110. UNITEDHEALTH GROUP		2012-02-15	2012-10-09
	30. VMWARE INC CLASS A COMMON		2011-04-07	2012-10-09
	40. VMWARE INC CLASS A COMMON		2012-05-11	2012-10-09
	300. WASTE MGMT INC DEL COM		2012-05-11	2012-10-09
	20. SINA.COM		2012-05-11	2012-10-09
	.309 KINDER MORGAN MANAGEMENT LLC		2012-05-11	2012-12-04
	60. ALLEGHENY TECHNOLOGIES INC			2012-12-11
	90. AMETEK INC COMMON		2012-10-09	2012-12-11
	70. ATHENAHEALTH INC COMMON		2011-04-07	2012-12-11
	30. BAIDU INC		2011-04-07	2012-12-11
	50. BORGWARNER AUTOMOTIVE INC COMMON		2012-05-11	2012-12-11
	260. CARMAX INC. COMMON		2012-05-11	2012-12-11
	90. CAVIUM INC COMMON		2011-04-07	2012-12-11
	10. CAVIUM INC COMMON		2012-05-11	2012-12-11
	50. COGNIZANT TECHNOLOGY SOLUTIONS COMMON		2012-05-11	2012-12-11
	70. DST SYSTEMS INC COMMON		2011-04-07	2012-12-11
	60. DICKS SPORTING GOODS INC COMMON			2012-12-11
	110. EBAY INC COM		2011-04-07	2012-12-11
	100. EXELON CORPORATEION		2012-10-09	2012-12-11
	80. EXPEDITORS INTL WASH INC COMMON		2011-04-07	2012-12-11
	80. FAIR ISAAC INC COMMON		2011-04-07	2012-12-11
	60. FASTENAL CO COMMON		2012-05-11	2012-12-11
	30. FOSSIL INC COM		2011-06-22	2012-12-11
	60. GILEAD SCIENCES, INC.		2012-05-11	2012-12-11
	10. GILEAD SCIENCES, INC.		2011-04-07	2012-12-11
	80. GILDAN ACTIVEWEAR INC		2011-06-22	2012-12-11
	90. GRANITE REAL ESTATE INC.		2011-04-07	2012-12-11
	70. HARMAN INTERNATIONAL INDUSTRIES COMMON		2012-05-11	2012-12-11
	140. HONDA MTR LTD AMERN SHS		2012-08-15	2012-12-11
	140. HOYA CORP SPONSORED ADR		2012-10-09	2012-12-11
	90. HOYA CORP SPONSORED ADR		2011-08-08	2012-12-11
	30. IHS INC COMMON		2011-06-22	2012-12-11
	60. ILLUMINA INC COM		2012-10-09	2012-12-11
	70. INTL SPEEDWAY A COMMON		2011-06-22	2012-12-11
	12. INTUITIVE SURGICAL INC COMMON		2011-04-07	2012-12-11
	70. IRONWOOD PHARMACEUTICALS, INC. COMMON		2011-04-07	2012-12-11
	50. LUFKIN INDUSTRIES INC COMMON			2012-12-11
	30. MSC INDUSTRIAL DIRECT INC CLASS A COMMON		2012-05-11	2012-12-11
	60. MONSTER BEVERAGE CORP COMMON		2012-10-09	2012-12-11
	170. MYLAN LAB INC*			2012-12-11
	100. OCEANEERING INTERNATIONAL INC		2011-04-07	2012-12-11
	90. T ROWE PRICE GROUP INC			2012-12-11
	20. PRICESMART			2012-12-11
	120. QLIK TECHNOLOGIES INC COMMON		2011-04-07	2012-12-11
	50. RACKSPACE HOSTING INC COMMON		2012-10-09	2012-12-11
	130. ROBERT HALF INTL COMMON		2011-04-07	2012-12-11
	30. ROCKWELL AUTOMATION INC.		2011-04-07	2012-12-11
	70. ROGERS COMMUNICATIONS INC		2012-05-11	2012-12-11
	25. SALESFORCE.COM INC COMMON		2012-05-11	2012-12-11
	30. SALIX PHARMACEUTICALS LTD COMMON		2012-08-15	2012-12-11
	10. UNIVERSAL DISPLAY CORPORATION COMMON		2011-09-07	2012-12-11
	10. UNIVERSAL DISPLAY CORPORATION COMMON		2012-05-11	2012-12-11
	60. VERTEX PHARMACEUTICALS INC COM		2011-04-07	2012-12-11
	80. VOLCANO CORP COMMON		2011-08-08	2012-12-11
	20. YOUKU.COM INC-SPON ADR		2012-05-11	2012-12-11
	90. YOUKU.COM INC-SPON ADR		2011-06-22	2012-12-11
	70. ARCOS DORADOS HOLDINGS, INC		2011-12-08	2012-12-11
	40. MICHAEL KORS HOLDINGS LTD		2012-05-11	2012-12-11
	60. ACE LTD			2012-12-11
	50. CORE LABORATORIES N.V.			2012-12-11
	60. AVAGO TECHNOLOGIES LTD		2012-05-11	2012-12-11
	120. ADOBE SYSTEM INC COMMON		2011-04-07	2012-12-17
	120. COMCAST CORP NEW CL A			2012-12-17
	80. HARRIS CORP		2011-04-07	2012-12-17
	10. INTERDIGITAL INC COMMON		2012-05-11	2012-12-17
	30. INTERDIGITAL INC COMMON		2011-04-07	2012-12-17
	40. ITRON INC COMMON		2011-08-08	2012-12-17
	60. LVMH MOET-HENNESSEY UNSPON ADR			2012-12-17
	30. LVMH MOET-HENNESSEY UNSPON ADR			2012-12-17
	160. LINCOLN NATL CORP IND		2011-08-08	2012-12-17
	30. LINDSAY MFG CO COMMON		2011-10-13	2012-12-17
	10. LINDSAY MFG CO COMMON		2012-10-09	2012-12-17
	30. SIEMENS AG SPONSORED ADR		2011-06-22	2012-12-17
	60. STANCORP FINANCIAL GROUP INC COMMON		2011-04-07	2012-12-17
	2090.784 STERLING CAPITAL TOTAL RETURN BOND FUND		2010-12-20	2012-12-17
	70. TEXAS INSTRUMENTS INC COM STK		2011-04-07	2012-12-17
	35. TEXAS INSTRUMENTS INC COM STK		2010-07-22	2012-12-17
	60. THORATEC CORP.		2011-06-22	2012-12-17
	10. THORATEC CORP.		2012-05-11	2012-12-17
	160. ASSURED GUARANTY LTD		2011-06-22	2012-12-17
	60. BUNGE LIMITED			2012-12-17
	20. BUNGE LIMITED		2011-08-08	2012-12-17
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,370	720	650
b	355	489	-134
c	8,813	7,577	1,236
d	329	348	-19
e	3,057	1,556	1,501
	2,038	1,350	688
	1,748	1,891	-143
	277	455	-178
	695	628	67
	6,995	5,878	1,117
	1,337	2,281	-944
	4,167	3,523	644
	4,864	2,358	2,506
	1,297	1,993	-696
	5,873	2,192	3,681
	223	628	-405
	1,548	1,451	97
	841	689	152
	688	1,321	-633
	523	587	-64
	123	189	-66
	674	628	46
	538	1,057	-519
	756	960	-204
	772	831	-59
	103	141	-38
	150	147	3
	1,994	2,076	-82
	5,543	4,488	1,055
	250	229	21
	761	958	-197
	1,733	1,444	289
	1,712	1,598	114
	4,328	5,359	-1,031
	1,917	2,097	-180
	211	129	82
	1,796	1,680	116
	178	239	-61
	485	936	-451
	1,380	1,702	-322
	803	740	63
	2,408	2,519	-111
	2,359	2,746	-387
	102	107	-5
	1,266	1,433	-167
	633	839	-206
	519	516	3
	411	535	-124
	444	488	-44
	3,195	3,023	172
	1,116	1,582	-466
	706	621	85
	527	748	-221
	1,142	1,827	-685
	4,322	3,414	908
	3,718	3,152	566
	8,654	5,101	3,553
	1,549	2,636	-1,087
	638	1,259	-621
	5,696	3,979	1,717
	5,544	7,020	-1,476
	8,820	10,942	-2,122
	5,637	7,261	-1,624
	4,102	4,114	-12
	5,743	4,999	744
	3,483	2,785	698
	4,127	3,306	821
	3,127	2,903	224
	1,589	1,838	-249
	6,282	7,480	-1,198
	1,301	1,545	-244
	7,691	9,484	-1,793
	9,308	7,970	1,338
	3,007	2,381	626
	2,963	2,474	489
	5,481	2,566	2,915
	1,484	2,033	-549
	15,022	6,542	8,480
	8,811	7,592	1,219
	6,309	5,494	815
	3,279	2,522	757
	10,624	7,673	2,951
	9,188	4,069	5,119
	7,518	7,131	387
	2,634	2,749	-115
	4,390	4,213	177
	2,461	3,056	-595
	10,155	16,495	-6,340
	6,107	5,270	837
	6,107	5,053	1,054
	12,370	9,679	2,691
	8,067	3,407	4,660
	814	1,273	-459
	1,424	1,661	-237
	13,611	14,392	-781
	9,058	8,371	687
	4,584	4,440	144
	1,369	1,027	342
	3,521	3,125	396
	8,370	7,115	1,255
	3,288	2,582	706
	1,808	1,452	356
	2,673	2,704	-31
	2,100	2,588	-488
	9,545	11,085	-1,540
	1,392	1,368	24
	7,306	9,456	-2,150
	8,130	6,998	1,132
	1,163	774	389
	3,347	2,234	1,113
	9,597	9,503	94
	10,569	12,405	-1,836
	4,610	3,956	654
	6,340	5,240	1,100
	3,606	4,156	-550
	3,006	2,933	73
	9,090	8,287	803
	2,999	2,959	40
	7,506	7,903	-397
	3,101	2,537	564
	3,322	2,681	641
	2,215	2,188	27
	3,575	2,813	762
	2,635	2,933	-298
	8,632	7,436	1,196
	3,652	2,713	939
	9,472	9,985	-513
	10,485	9,697	788
	10,355	10,549	-194
	1,336	1,181	155
	9	8	1
	2,840	2,413	427
	2,377	3,483	-1,106
	2,288	2,121	167
	1,639	2,100	-461
	2,519	4,683	-2,164
	913	1,964	-1,051
	457	521	-64
	1,847	2,954	-1,107
	854	1,603	-749
	671	798	-127
	2,118	2,020	98
	2,178	2,557	-379
	503	458	45
	2,630	2,985	-355
	1,789	1,923	-134
	1,825	1,998	-173
	2,725	3,625	-900
	2,225	2,990	-765
	3,649	3,087	562
	3,394	4,658	-1,264
	2,878	2,760	118
	3,065	2,226	839
	2,023	1,931	92
	3,156	2,610	546
	232	450	-218
	510	4,286	-3,776
	1,744	1,948	-204
	5,362	5,024	338
	2,638	2,744	-106
	1,615	4,605	-2,990
	3,168	2,206	962
	1,981	2,205	-224
	1,322	3,523	-2,201
	3,077	2,161	916
	723	847	-124
	723	731	-8
	33	38	-5
	830	2,362	-1,532
	3,141	5,344	-2,203
	2,805	2,488	317
	304	686	-382
	811	2,648	-1,837
	1,688	4,542	-2,854
	2,945	2,739	206
	1,883	2,608	-725
	1,386	1,795	-409
	824	999	-175
	2,498	4,043	-1,545
	659	697	-38
	1,317	1,500	-183
	328	332	-4
	1,967	2,809	-842
	3,982	3,942	40
	207	197	10
	1,862	2,873	-1,011
	1,321	1,382	-61
	1,762	1,415	347
	3,013	2,976	37
	2,392	2,686	-294
	3,040	3,211	-171
	2,257	2,574	-317
	132	152	-20
	1,319	2,391	-1,072
	2,339	2,519	-180
	3,794	2,141	1,653
	5,690	4,898	792
	2,992	2,897	95
	626	682	-56
	1,252	1,412	-160
	1,730	2,659	-929
	216	214	2
	1,986	2,566	-580
	3,435	4,080	-645
	2,838	2,537	301
	1,615	1,720	-105
	2,671	3,200	-529
	350	345	5
	1,400	1,504	-104
	2,060	2,198	-138
	2,014	2,584	-570
	3,244	1,875	1,369
	2,010	3,215	-1,205
	4,488	4,195	293
	2,628	4,044	-1,416
	4,979	4,423	556
	13	13
	1,425	2,552	-1,127
	2,708	1,457	1,251
	5,045	2,699	2,346
	1,569	1,389	180
	4,191	4,512	-321
	1,397	1,377	20
	2,653	2,595	58
	332	341	-9
	319	300	19
	2,867	2,923	-56
	3,491	2,664	827
	1,661	1,380	281
	1,845	1,059	786
	941	1,074	-133
	1,882	1,548	334
	1,663	2,254	-591
	4,080	3,308	772
	10,990	10,272	718
	547	576	-29
	1,822	4,550	-2,728
	10,273	10,002	271
	2,626	2,469	157
	2,031	2,135	-104
	1,016	1,111	-95
	4,133	2,491	1,642
	3,624	2,725	899
	8,880	8,531	349
	7,648	8,488	-840
	7,822	6,962	860
	3,615	3,389	226
	6,345	5,062	1,283
	12,734	13,893	-1,159
	5,006	4,276	730
	1,969	2,714	-745
	656	615	41
	3,713	4,080	-367
	2,421	2,041	380
	3,783	3,478	305
	4,540	4,020	520
	3,080	1,748	1,332
	6,344	7,982	-1,638
	232	260	-28
	3,965	3,393	572
	3,355	3,411	-56
	813	689	124
	6,293	6,017	276
	2,738	2,410	328
	3,651	4,123	-472
	9,604	10,108	-504
	1,190	1,080	110
	23	22	1
	1,699	2,816	-1,117
	3,401	3,128	273
	5,322	3,225	2,097
	2,811	4,174	-1,363
	3,356	3,923	-567
	9,273	7,811	1,462
	3,214	4,105	-891
	357	244	113
	3,614	3,069	545
	4,362	3,791	571
	2,929	1,894	1,035
	5,718	3,467	2,251
	3,011	3,602	-591
	3,098	4,084	-986
	3,405	2,470	935
	2,585	2,662	-77
	2,702	3,426	-724
	4,581	3,094	1,487
	763	415	348
	2,867	2,727	140
	3,274	2,452	822
	2,894	3,014	-120
	4,639	4,493	146
	2,710	2,974	-264
	1,742	1,970	-228
	2,722	2,655	67
	3,168	3,084	84
	1,875	1,940	-65
	6,458	4,438	2,020
	779	1,026	-247
	2,941	2,782	159
	2,128	2,165	-37
	3,297	3,417	-120
	4,734	3,694	1,040
	5,371	4,410	961
	5,859	5,469	390
	1,492	1,505	-13
	2,304	3,222	-918
	3,381	3,387	-6
	3,875	4,061	-186
	2,436	2,807	-371
	3,173	2,534	639
	4,129	3,478	651
	1,262	1,377	-115
	262	522	-260
	262	358	-96
	2,501	2,831	-330
	1,945	2,151	-206
	307	473	-166
	1,384	2,615	-1,231
	877	1,582	-705
	2,053	1,637	416
	4,797	3,851	946
	5,379	5,016	363
	2,062	1,865	197
	4,450	4,141	309
	4,395	2,614	1,781
	3,862	4,088	-226
	427	268	159
	1,281	1,440	-159
	1,776	1,502	274
	2,158	1,845	313
	1,079	944	135
	4,062	3,488	574
	2,252	1,707	545
	751	737	14
	3,243	3,988	-745
	2,110	2,816	-706
	23,040	22,622	418
	2,139	2,449	-310
	1,070	888	182
	2,268	1,864	404
	378	335	43
	2,259	2,499	-240
	4,331	4,074	257
	1,444	1,206	238
			83

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			650
b			-134
c			1,236
d			-19
e			1,501
			688
			-143
			-178
			67
			1,117
			-944
			644
			2,506
			-696
			3,681
			-405
			97
			152
			-633
			-64
			-66
			46
			-519
			-204
			-59
			-38
			3
			-82
			1,055
			21
			-197
			289
			114
			-1,031
			-180
			82
			116
			-61
			-451
			-322
			63
			-111
			-387
			-5
			-167
			-206
			3
			-124
			-44
			172
			-466
			85
			-221
			-685
			908
			566
			3,553
			-1,087
			-621
			1,717
			-1,476
			-2,122
			-1,624
			-12
			744
			698
			821
			224
			-249
			-1,198
			-244
			-1,793
			1,338
			626
			489
			2,915
			-549
			8,480
			1,219
			815
			757
			2,951
			5,119
			387
			-115
			177
			-595
			-6,340
			837
			1,054
			2,691
			4,660
			-459
			-237
			-781
			687
			144
			342
			396
			1,255
			706
			356
			-31
			-488
			-1,540
			24
			-2,150
			1,132
			389
			1,113
			94
			-1,836
			654
			1,100
			-550
			73
			803
			40
			-397
			564
			641
			27
			762
			-298
			1,196
			939
			-513
			788
			-194
			155
			1
			427
			-1,106
			167
			-461
			-2,164
			-1,051
			-64
			-1,107
			-749
			-127
			98
			-379
			45
			-355
			-134
			-173
			-900
			-765
			562
			-1,264
			118
			839
			92
			546
			-218
			-3,776
			-204
			338
			-106
			-2,990
			962
			-224
			-2,201
			916
			-124
			-8
			-5
			-1,532
			-2,203
			317
			-382
			-1,837
			-2,854
			206
			-725
			-409
			-175
			-1,545
			-38
			-183
			-4
			-842
			40
			10
			-1,011
			-61
			347
			37
			-294
			-171
			-317
			-20
			-1,072
			-180
			1,653
			792
			95
			-56
			-160
			-929
			2
			-580
			-645
			301
			-105
			-529
			5
			-104
			-138
			-570
			1,369
			-1,205
			293
			-1,416
			556

			-1,127
			1,251
			2,346
			180
			-321
			20
			58
			-9
			19
			-56
			827
			281
			786
			-133
			334
			-591
			772
			718
			-29
			-2,728
			271
			157
			-104
			-95
			1,642
			899
			349
			-840
			860
			226
			1,283
			-1,159
			730
			-745
			41
			-367
			380
			305
			520
			1,332
			-1,638
			-28
			572
			-56
			124
			276
			328
			-472
			-504
			110
			1
			-1,117
			273
			2,097
			-1,363
			-567
			1,462
			-891
			113
			545
			571
			1,035
			2,251
			-591
			-986
			935
			-77
			-724
			1,487
			348
			140
			822
			-120
			146
			-264
			-228
			67
			84
			-65
			2,020
			-247
			159
			-37
			-120
			1,040
			961
			390
			-13
			-918
			-6
			-186
			-371
			639
			651
			-115
			-260
			-96
			-330
			-206
			-166
			-1,231
			-705
			416
			946
			363
			197
			309
			1,781
			-226
			159
			-159
			274
			313
			135
			574
			545
			14
			-745
			-706
			418
			-310
			182
			404
			43
			-240
			257
			238

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	39,224
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2011	122,653	2,747,479	0.044642
2010	112,288	2,630,672	0.042684
2009	55,847	2,349,859	0.023766
2008	69,599	2,368,398	0.029387
2007

2	Total of line 1, column (d) ......................	2	0.140479
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	0.03512
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	2,711,678
5	Multiply line 4 by line 3.......................	5	95,234
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	852
7	Add lines 5 and 6.........................	7	96,086
8	Enter qualifying distributions from Part XII, line 4..............	8	133,849
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2012)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	852
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	852
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	852
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	3,528
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	3,528
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,676
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax426	Refunded	11	2,250

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

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

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

Yes

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

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

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

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

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

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

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

N/A

The books are in care of bullet

BRANCH BANKING AND TRUST COMPANY Telephone no. bullet

(410) 230-1064

Located at bullet

111 S CALVERT ST STE 2810BALTIMOREMD ZIP+4 bullet

212026174

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

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

At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2012)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2012.)....................

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2012)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 40	27,926
111 S CALVERT ST STE 2810 BALTIMORE,MD212026174	TRUSTEE 40	27,926

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2012)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

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

purposes:

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

2,719,645

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

33,328

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

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

2,752,973

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

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

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

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

2,752,973

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

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

41,295

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

2,711,678

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

135,584

Part XI

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

and do not complete this part.)

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

135,584

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

852

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

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

852

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

134,732

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

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

134,732

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

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

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

134,732

Part XII

Qualifying Distributions (see instructions)

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

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

133,849

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

133,849

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

852

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

132,997

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2012)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2011	(c) 2011	(d) 2012
1 Distributable amount for 2012 from Part XI, line 7					134,732
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				132,849
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: $ 133,849
a Applied to 2011, but not more than line 2a				132,849
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.....					1,000
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 ..........					133,732
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2008....	0
b Excess from 2009....	0
c Excess from 2010....	0
d Excess from 2011....	0
e Excess from 2012....	0

Form 990-PF (2012)

Page 9

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2012, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2012)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WINFIELD COMMUNITY VOL FIRE DEPT 1320 WEST OLD LIBERTY RD SYKESVILLE,MD21784	NONE	EXEMPT	DONATION	132,849
Total ................................. 3a				132,849

bApproved for future payment

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

Form 990-PF (2012)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	75,677
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	39,224
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aLITIGATION			14	4
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				114,905

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

13114,905

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2012)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	Amount
DIFF MUTUAL FDS REC/REP	1,197
PRIOR YEAR WASH SALE ADJUSTMENTS	1,281