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
CAPTAIN W J DIMITRIJEVIC MEMORIAL TRUST

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

52-6432623

B Telephone number (see instructions)

(410) 626-6118

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

$1,610,432J 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	3,844		3,844
4	Dividends and interest from securities......	48,200		48,200
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		65,001
b	Gross sales price for all assets on line 6a 908,708
7	Capital gain net income (from Part IV, line 2)...			65,001
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).......		3	3
12	Total. Add lines 1 through 11........	117,048		117,048
13	Compensation of officers, directors, trustees, etc.	22,529		22,529
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		2,136	674		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).......		81	81
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	24,746		23,284	0	0
25	Contributions, gifts, grants paid........	78,041				78,041
26	Total expenses and disbursements. Add lines 24 and 25	102,787		23,284	0	78,041
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	14,261
b	Net investment income (if negative, enter -0-)			93,764
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2012)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	2,813	1,654	1,654
	2	Savings and temporary cash investments..........	24,638	34,824	34,824
	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)	156,948	105,349	108,748
	b	Investments—corporate stock (attach schedule)........	1,290,915	1,347,029	1,465,206
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	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)	1,475,314	1,488,856	1,610,432
	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.........	1,475,314	1,488,856
	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)....................	1,475,314	1,488,856
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,475,314	1,488,856

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	1,475,314
2	Enter amount from Part I, line 27a.....................	2	14,261
3	Other increases not included in line 2 (itemize)	3	7
4	Add lines 1, 2, and 3..........................	4	1,489,582
5	Decreases not included in line 2 (itemize)	5	726
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,488,856

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	50. AT&T INC		2009-07-15	2012-01-06
b	480. ALCOA INC		2010-12-16	2012-01-06
c	40. AMERICAN EXPRESS COMPANY		2010-10-07	2012-01-06
d	60. AMGEN INCORPORATED		2011-05-06	2012-01-06
e	90. AON CORPORATION COMMON		2011-01-11	2012-01-06
	18. APPLE COMPUTER CORPORATION COMMON			2012-01-06
	45. BERKSHIRE HATHAWAY INC DEL CL B COMMON		2009-07-15	2012-01-06
	120. CVS CORP COMMON		2011-08-31	2012-01-06
	50. CATALYST HEALTH SOLUTIONS INC COMMON			2012-01-06
	70. CENOVUS ENERGY INC.		2010-12-16	2012-01-06
	30. CHEVRON TEXACO CORP COMMON		2005-04-20	2012-01-06
	170. CISCO SYSTEMS			2012-01-06
	150. CISCO SYSTEMS		2005-11-18	2012-01-06
	50. COCA COLA COMPANY		2011-07-20	2012-01-06
	210. COMCAST CORP NEW CL A		2007-11-28	2012-01-06
	20. CONOCOPHILLIPS COM		2004-03-17	2012-01-06
	230. CORNING INCORPORATED		2009-07-15	2012-01-06
	150. DISNEY WALT COMPANY		2004-08-19	2012-01-06
	2501.406 DODGE & COX INCOME FUND		2010-12-16	2012-01-06
	60. DU PONT E I DE NEMOURS & COMPANY		2011-10-27	2012-01-06
	40. EMC CORPORATION COMMON		2011-10-27	2012-01-06
	55. EXPEDIA INC COMMON			2012-01-06
	80. EXPRESS SCRIPTS COMMON		2011-10-27	2012-01-06
	50. FEDEX CORPORATION		2010-09-23	2012-01-06
	10. GARDNER DENVER MACHINE COMMON		2011-10-27	2012-01-06
	20. GARTNER,INC COMMON		2011-08-10	2012-01-06
	480. GENERAL ELECTRIC COMPANY			2012-01-06
	10. GOOGLE INC CL A		2008-11-24	2012-01-06
	60. HONEYWELL INTERNATIONAL INC		2011-08-31	2012-01-06
	140. INTEL CORPORATION		2006-05-26	2012-01-06
	10. INTERNATIONAL BUSINESS MACHINES CORP			2012-01-06
	150. J P MORGAN CHASE & CO		2009-07-15	2012-01-06
	70. JOHNSON & JOHNSON		2006-03-06	2012-01-06
	30. KELLOGG COMPANY		2011-10-27	2012-01-06
	90. KOHLS CORP COMMON		2011-10-27	2012-01-06
	170. KRAFT FOODS INC-A COMMON			2012-01-06
	60. LOWES COMPANIES INCORPORATED		2010-10-28	2012-01-06
	80. MEDTRONIC INC		2006-08-08	2012-01-06
	100. MERCK & CO INC		2009-07-15	2012-01-06
	180. METLIFE COMMON			2012-01-06
	260. MICROSOFT CORPORATION		2004-03-24	2012-01-06
	50. MORGAN STANLEY DEAN WITTER DIS CO		2010-05-20	2012-01-06
	50. NRG ENERGY INC COM		2011-08-10	2012-01-06
	120. ORACLE SYSTEM CORPORATION		2004-03-24	2012-01-06
	2501.542 PIMCO TOTAL RETURN FUND 35		2006-05-30	2012-01-06
	110. PEPSICO INCORPORATED			2012-01-06
	110. PFIZER INCORPORATED		2011-07-20	2012-01-06
	20. POLARIS INDUSTRIES INC		2011-08-31	2012-01-06
	40. PROCTOR AND GAMBLE COMPANY		2010-07-20	2012-01-06
	40. QUALCOMM INC COMMON		2011-08-31	2012-01-06
	25. RALCORP HLDGS INC NEW		2011-08-31	2012-01-06
	10. ROPER INDS INC COMMON		2011-08-31	2012-01-06
	60. ST JUDE MEDICAL INC COMMON		2010-04-26	2012-01-06
	60. SCHLUMBERGER LTD		2003-04-04	2012-01-06
	80. AMEX FINANCIAL SELECT SPDR		2011-08-10	2012-01-06
	40. UTILITIES SELECT SECTOR SPDR FUND		2010-02-18	2012-01-06
	400. SOUTHWEST AIRLINES			2012-01-06
	100. SOUTHWEST AIRLINES		2010-10-07	2012-01-06
	320. STAPLES INC COMMON			2012-01-06
	60. STRYKER CORP COMMON		2011-10-27	2012-01-06
	120. SUNCOR ENERGY, INC			2012-01-06
	130. SYSCO CORPORATION		2011-10-27	2012-01-06
	20. TARGET CORP COM		2010-07-20	2012-01-06
	90. TARGET CORP COM		2011-01-11	2012-01-06
	160. TEXAS INSTRUMENTS INCORPORATED			2012-01-06
	20. THERMO ELECTRON COMMON		2011-02-23	2012-01-06
	20. TOWERS WATSON & COMPANY COMMON		2011-08-10	2012-01-06
	60. THE TRAVELERS COMPANIES INC.		2009-07-15	2012-01-06
	55. TRIPADVISOR INC. COMMON			2012-01-06
	25. UNION PACIFIC CORP		2011-10-27	2012-01-06
	20. WABCO HOLDINGS INC COMMON		2011-08-10	2012-01-06
	50. WAL MART STORES INCORPORATED		2010-05-20	2012-01-06
	80. WELLS FARGO & CO NEW		2007-11-28	2012-01-06
	210. WEYERHAEUSER COMPANY			2012-01-06
	20. WOLVERINE WORLD WIDE INC COMMON		2011-07-20	2012-01-06
	30. WOLVERINE WORLD WIDE INC COMMON		2009-11-18	2012-01-06
	60. TE CONNECTIVITY LTD			2012-01-06
	.439 LIBERTY MEDIA CORP -LIBERTY CAPITAL COMM		2011-05-06	2012-01-09
	30. ROCK-TENN CO		2010-02-18	2012-02-13
	10. ROCK-TENN CO		2011-07-20	2012-02-13
	50. SOLUTIA INC COMMON		2010-07-20	2012-02-13
	90. SOLUTIA INC COMMON			2012-02-13
	50000. US TREASURY NOTE 4.875% DUE 2/15/12		2003-09-02	2012-02-15
	160. ALCOA INC		2011-01-11	2012-02-16
	50. AMGEN INCORPORATED			2012-02-16
	120. ASSOCIATED ESTATE REALITY CP REITS			2012-02-16
	20. BE AEROSPACE INC COMMON		2011-05-06	2012-02-16
	50. CVS CORP COMMON		2011-08-31	2012-02-16
	90. CARMAX INC. COMMON			2012-02-16
	60. CASH AMERICAN INVESTMENT, INC. COMMON			2012-02-16
	20. CONOCOPHILLIPS COM		2004-03-17	2012-02-16
	30. EQT CORPORATION COMMON		2012-01-06	2012-02-16
	25. FOSSIL INC COM		2012-01-06	2012-02-16
	5. INTERCONTINENTALEXCHANGE INC COMMON		2011-01-11	2012-02-16
	10. INTERCONTINENTALEXCHANGE INC COMMON		2011-05-06	2012-02-16
	30. LABORATORY CORP OF AMERICAN HOLDINGS			2012-02-16
	30. LAM RESH CORP		2012-01-06	2012-02-16
	60. LOWES COMPANIES INCORPORATED		2010-10-28	2012-02-16
	70. MEDTRONIC INC			2012-02-16
	70. PLANTRONICS INC COMMON			2012-02-16
	140. SLM CORPORATION COMMON			2012-02-16
	40. SLM CORPORATION COMMON		2012-01-06	2012-02-16
	170. AMEX FINANCIAL SELECT SPDR			2012-02-16
	30. UTILITIES SELECT SECTOR SPDR FUND		2010-02-18	2012-02-16
	60. SOTHEBY'S HOLDINGS -CL A		2012-01-06	2012-02-16
	20. WAL MART STORES INCORPORATED		2010-05-20	2012-02-16
	50. WYNDHAM WORLDWIDE CORP			2012-02-16
	140. CHINA UNICOM - AR		2012-01-06	2012-05-15
	140. CHINA UNICOM - AR			2012-05-15
	60. COMERICA, INC. COMMON		2012-01-06	2012-05-15
	40. CULLEN/FROST BANKERS INC COMMON			2012-05-15
	40. GARDNER DENVER MACHINE COMMON			2012-05-15
	40. MEDNAX INC COMMON			2012-05-15
	10. PHILLIPS 66 COMMON		2009-07-15	2012-05-15
	40. ROSETTA RESOURCES INC COMMON		2011-08-31	2012-05-15
	50. TIM HORTONS INC COMMON			2012-05-15
	30. AMPHENOL CORP CL A		2009-07-15	2012-06-26
	10. AMPHENOL CORP CL A		2012-01-06	2012-06-26
	20. AMPHENOL CORP CL A		2011-01-11	2012-06-26
	4. APPLE COMPUTER CORPORATION COMMON		2010-07-20	2012-06-26
	120. BAKER HUGHES INCORPORATED			2012-06-26
	10. BIO-RAD LABS CLASS A		2010-08-06	2012-06-26
	10. BIO-RAD LABS CLASS A		2012-01-06	2012-06-26
	10. CANADIAN NAT RES LTD		2012-01-06	2012-06-26
	70. CANADIAN NAT RES LTD		2009-07-15	2012-06-26
	40. CHURCH & DWIGHT CO		2012-01-06	2012-06-26
	50. COMCAST CORP NEW CL A		2007-11-28	2012-06-26
	20. CONOCOPHILLIPS COM		2009-07-15	2012-06-26
	110. CROWN HOLDINGS INC COMMON			2012-06-26
	50. DU PONT E I DE NEMOURS & COMPANY		2011-10-27	2012-06-26
	40. FREEPORT-MCM COPR GOLD CL B			2012-06-26
	160. GRAPHIC PACKAGING HOLDING CO COMMON		2011-07-20	2012-06-26
	320. GRAPHIC PACKAGING HOLDING CO COMMON			2012-06-26
	50. J. B. HUNT			2012-06-26
	80. KELLOGG COMPANY			2012-06-26
	70. KOHLS CORP COMMON		2011-10-27	2012-06-26
	20. LOWES COMPANIES INCORPORATED		2010-10-28	2012-06-26
	40. LOWES COMPANIES INCORPORATED		2011-01-11	2012-06-26
	130. MDC PARTNERS INC CLASS A COMMON		2012-01-06	2012-06-26
	70. NASDAQ OMX GROUP COMMON		2012-02-16	2012-06-26
	30. PEPSICO INCORPORATED			2012-06-26
	10. PIONEER NAT RES CO COMMON		2012-02-16	2012-06-26
	20. PROASSURANCE CORP COMMON		2009-07-15	2012-06-26
	90. ST JUDE MEDICAL INC COMMON		2011-06-01	2012-06-26
	30. STRYKER CORP COMMON		2011-10-27	2012-06-26
	110. SYSCO CORPORATION		2011-10-27	2012-06-26
	60. TEXAS INSTRUMENTS INCORPORATED		2010-12-16	2012-06-26
	40. TIDEWATER INC COMMON			2012-06-26
	20. TIDEWATER INC COMMON		2011-05-19	2012-06-26
	80. VAIL RESORTS COMMON			2012-06-26
	70. VERISK ANALYTICS INC COMMON		2012-01-06	2012-06-26
	110. WASTE CONNECTIONS			2012-06-26
	50. JOHN WILEY & SONS INC. CLASS A			2012-06-26
	40. WYNDHAM WORLDWIDE CORP			2012-06-26
	10. YARA INTERNATIONAL ASA ADR		2011-01-11	2012-06-26
	30. YARA INTERNATIONAL ASA ADR		2010-12-16	2012-06-26
	50. CHECKPOINT SOFTWARE TECHNOLOGY COMMON			2012-06-26
	50000. FED NATL MTG ASSN DTD 7/26/02 5.25% 08/0		2006-08-24	2012-08-01
	70. ABB LTD SPONSORED ADR		2012-01-06	2012-08-03
	70. ABB LTD SPONSORED ADR		2009-07-15	2012-08-03
	40. ABB LTD SPONSORED ADR		2011-01-11	2012-08-03
	40. AUTOLIV INC COMMON		2010-05-20	2012-08-03
	130. BRUNSWICK CORPORATION COMMON		2012-06-26	2012-08-03
	60. CANADIAN NAT RES LTD		2012-01-06	2012-08-03
	30. CEPHEID INC COMMON		2012-01-06	2012-08-03
	40. CEPHEID INC COMMON		2011-05-06	2012-08-03
	90. DISNEY WALT COMPANY		2004-08-19	2012-08-03
	60. DONALDSON CO, INC COMMON		2012-06-26	2012-08-03
	60. FEI COMPANY COMMON		2012-06-26	2012-08-03
	20. FEDEX CORPORATION		2011-07-20	2012-08-03
	15. FEDEX CORPORATION		2011-07-20	2012-08-03
	130. FIFTH THIRD BANCORP		2012-01-06	2012-08-03
	200. INTERNATIONAL GAME TECHNOLOGY		2012-06-26	2012-08-03
	170. SLM CORPORATION COMMON			2012-08-03
	60. STRYKER CORP COMMON		2011-10-27	2012-08-03
	30. THE TRAVELERS COMPANIES INC.		2009-07-15	2012-08-03
	50. THE TRAVELERS COMPANIES INC.		2011-10-27	2012-08-03
	10. WAL MART STORES INCORPORATED		2011-05-06	2012-08-03
	20. WAL MART STORES INCORPORATED		2010-08-17	2012-08-03
	40. WELLCARE HEALTH PLANS INC COMMON		2012-06-26	2012-08-03
	60. SIGNET JEWELERS LTD			2012-08-03
	40. ALLIED WORLD ASSURANCE COMPANY HOLDINGS		2010-02-18	2012-08-03
	60. ACACIA RESEARCH COMMON		2012-01-06	2012-08-23
	30. ACACIA RESEARCH COMMON		2011-07-20	2012-08-23
	40. ADVANCED AUTO PTS INC COM		2012-06-26	2012-08-23
	70. AGILENT TECHNOLOGIES		2012-01-06	2012-08-23
	120. AMETEK INC COMMON			2012-08-23
	70. AMPHENOL CORP CL A			2012-08-23
	60. ANSYS INC COMMON			2012-08-23
	120. ASCENA RETAIL GROUP INC COMMON		2012-01-06	2012-08-23
	60. ASHLAND INC COMMON		2012-06-26	2012-08-23
	230. ASPEN TECH COMMON			2012-08-23
	40. BE AEROSPACE INC COMMON		2012-06-26	2012-08-23
	50. BE AEROSPACE INC COMMON			2012-08-23
	70. BORGWARNER AUTOMOTIVE INC COMMON			2012-08-23
	70. CIGNA COMMON		2012-08-03	2012-08-23
	90. CARDTRONICS INC COMMON			2012-08-23
	50. CHARTER COMUNICATIONS INC A COMMON		2012-02-16	2012-08-23
	90. CUBIST PHARMACEUTICALS			2012-08-23
	40. DAVITA INC			2012-08-23
	110. DISH NETWORK CORP A COMMON			2012-08-23
	30. EQT CORPORATION COMMON		2012-08-03	2012-08-23
	50. ELIZABETH ARDEN, INC.		2012-06-26	2012-08-23
	30. EVERCORE PARTNERS INC-CL A COMMON		2012-01-06	2012-08-23
	60. EVERCORE PARTNERS INC-CL A COMMON			2012-08-23
	140. FIRST FINANCIAL BANCORP		2012-06-26	2012-08-23
	70. FIRST REPUBLIC BANK COMMON		2012-08-03	2012-08-23
	140. FLOWERS FOOD INC WI		2012-01-06	2012-08-23
	170. FOREST CITY ENTERPRISES - CL A			2012-08-23
	80. GENERAL ELECTRIC COMPANY		2010-05-20	2012-08-23
	420. GRAPHIC PACKAGING HOLDING CO COMMON			2012-08-23
	20. GRAPHIC PACKAGING HOLDING CO COMMON		2011-07-20	2012-08-23
	120. HEXCEL CORPORATION			2012-08-23
	70. J. B. HUNT			2012-08-23
	60. IAC/INTERACTIVE CORP COMMON			2012-08-23
	60. IAC/INTERACTIVE CORP COMMON			2012-08-23
	15. INTERCONTINENTALEXCHANGE INC COMMON		2012-06-26	2012-08-23
	30. ITC HOLDINGS CORP COMMON			2012-08-23
	20. ITC HOLDINGS CORP COMMON		2011-08-10	2012-08-23
	20. LAM RESH CORP		2012-01-06	2012-08-23
	100. LAREDO PETROLEUM HOLDINGS INC COMMON		2012-06-26	2012-08-23
	100. LASALLE HOTEL PPTYS COM SH BEN INT		2012-01-06	2012-08-23
	10. LIBERTY MEDIA CORP -LIBERTY CAPITAL COMM		2012-01-06	2012-08-23
	26. LIBERTY MEDIA CORP -LIBERTY CAPITAL COMM			2012-08-23
	30. MSC INDUSTRIAL DIRECT INC CLASS A COMMON		2011-10-27	2012-08-23
	90. MSCI INC A COMMON		2012-08-03	2012-08-23
	80. STEVEN MADDEN LTD COMMON		2012-06-26	2012-08-23
	60. MICROSOFT CORPORATION		2004-03-24	2012-08-23
	50. MID-AMERICA APARTMENT COMM. INC. REIT			2012-08-23
	130. MONOTYPE IMAGING HOLDINGS INC COMMON		2009-07-15	2012-08-23
	70. MONOTYPE IMAGING HOLDINGS INC COMMON		2011-08-10	2012-08-23
	50. MONOTYPE IMAGING HOLDINGS INC COMMON		2012-01-06	2012-08-23
	150. MYLAN LABORATORIES			2012-08-23
	30. OIL STATES INTERNATIONAL INC COM			2012-08-23
	15. OIL STATES INTERNATIONAL INC COM		2012-01-06	2012-08-23
	50. ORACLE SYSTEM CORPORATION			2012-08-23
	30. ORACLE SYSTEM CORPORATION		2011-08-31	2012-08-23
	70. OXFORD INDS INC COMMON		2012-06-26	2012-08-23
	50. PALL CORPORATION COMMON		2012-01-06	2012-08-23
	50. PROASSURANCE CORP COMMON			2012-08-23
	30. RAYONIER INC COMMON		2012-01-06	2012-08-23
	30. RAYONIER INC COMMON		2009-07-15	2012-08-23
	100. RELIANCE STEEL & ALUMINUM			2012-08-23
	30. ROPER INDS INC COMMON		2012-06-26	2012-08-23
	150. SLM CORPORATION COMMON		2012-06-26	2012-08-23
	50. ST JUDE MEDICAL INC COMMON		2011-07-20	2012-08-23
	80. TEAM HEALTH HOLDINGS, INC. COMMON			2012-08-23
	50. TERADATA CORP COMMON		2012-01-06	2012-08-23
	100. TESCO CORP			2012-08-23
	50. TESCO CORP		2010-09-23	2012-08-23
	150. TESCO CORP		2012-06-26	2012-08-23
	40. VALSPAR CORP COMMON		2012-08-03	2012-08-23
	40. WESCO INTERNATIONAL INC COMMON		2012-06-26	2012-08-23
	70. WESTAR ENERGY, INC. COMMON STOCK		2012-08-03	2012-08-23
	10. JOHN WILEY & SONS INC. CLASS A		2010-07-20	2012-08-23
	30. JOHN WILEY & SONS INC. CLASS A		2012-01-06	2012-08-23
	10. WYNDHAM WORLDWIDE CORP		2011-08-10	2012-08-23
	30. WYNDHAM WORLDWIDE CORP		2012-01-06	2012-08-23
	90. ROWAN COMPANIES PLC		2012-06-26	2012-08-23
	40. SIGNET JEWELERS LTD		2012-06-26	2012-08-23
	40. ALLIED WORLD ASSURANCE COMPANY HOLDINGS		2012-01-06	2012-08-23
	100. NIELSON HOLDINGS N.V.			2012-08-23
	40. AVAGO TECHNOLOGIES LTD		2011-08-10	2012-08-23
	40. AVAGO TECHNOLOGIES LTD			2012-08-23
	.333 KRAFT FOODS GROUP INC COMMON		2010-05-20	2012-10-19
	180. DANONE SPONS ADR		2009-07-15	2012-10-25
	170. DANONE SPONS ADR		2012-01-06	2012-10-25
	90. DIRECTV COMMON		2012-06-26	2012-10-25
	4. GOOGLE INC CL A			2012-10-25
	100. LOWES COMPANIES INCORPORATED		2011-08-10	2012-10-25
	50. MEDTRONIC INC		2010-09-23	2012-10-25
	30. MITSUBISHI CORPORATION		2012-01-06	2012-10-25
	20. MITSUBISHI CORPORATION		2011-07-20	2012-10-25
	70. NISSAN COMMON STOCK		2010-07-20	2012-10-25
	20. NISSAN COMMON STOCK		2011-08-10	2012-10-25
	50. POTASH CORP SASKATCHEWAN		2012-01-06	2012-10-25
	45. POTASH CORP SASKATCHEWAN		2010-07-20	2012-10-25
	50. PRICE GROUP INC FORMERLY AKA PRICE TO ROWE & ASSOC		2012-01-06	2012-10-25
	120. TEXAS INSTRUMENTS INCORPORATED			2012-10-25
	20. UNION PACIFIC CORP		2011-10-27	2012-10-25
	90. VIACOM INC NEW CL B		2012-06-26	2012-10-25
	5. WESTPAC BANKING LTD COM		2011-10-27	2012-10-25
	15. WESTPAC BANKING LTD COM		2009-07-15	2012-10-25
	140. WEYERHAEUSER COMPANY			2012-10-25
	120. XYLEM INC COMMON		2012-01-06	2012-10-25
	50. AVAGO TECHNOLOGIES LTD			2012-10-25
	70. AGCO CORPORATION COMMON		2012-08-23	2012-12-11
	60. AUSTRALIA & NEW ZEALAND BKG GROUP LTD SP			2012-12-11
	70. AVNET INCORPORATED			2012-12-11
	40. BG GROUP PLC SPON ADR		2011-07-20	2012-12-11
	50. BG GROUP PLC SPON ADR		2009-07-15	2012-12-11
	50. BARRICK GOLD CORP. EFF. 1-18-95		2012-01-06	2012-12-11
	25. BRITISH AMERICAN TOB COMMON			2012-12-11
	60. COMCAST CORP NEW CL A		2007-11-28	2012-12-11
	100. DENBURY RESOURCES INC COMMON		2012-08-23	2012-12-11
	60. EMC CORPORATION COMMON		2011-10-27	2012-12-11
	1424.208 FEDERATED INTERMEDIATE FUND 303		2008-12-02	2012-12-11
	100. GENERAL ELECTRIC COMPANY		2010-05-20	2012-12-11
	80. HUTCHINSON WHAMPIA ADR			2012-12-11
	10. INTEL CORPORATION		2012-06-26	2012-12-11
	120. INTEL CORPORATION		2006-05-26	2012-12-11
	40. KELLOGG COMPANY		2012-08-03	2012-12-11
	100. MEADWESTVACO CORP.		2012-08-23	2012-12-11
	16. NOVO-NORDISK A S ADR		2009-07-15	2012-12-11
	50. ST JUDE MEDICAL INC COMMON		2012-08-03	2012-12-11
	80. ST JUDE MEDICAL INC COMMON		2011-07-20	2012-12-11
	100. AMEX FINANCIAL SELECT SPDR		2012-10-25	2012-12-11
	60. AMEX FINANCIAL SELECT SPDR		2011-10-27	2012-12-11
	100. SUNCOR ENERGY, INC			2012-12-11
	50. SUNCOR ENERGY, INC		2010-05-20	2012-12-11
	50. UNITED OVERSEAS BANK - SP ADR		2011-08-31	2012-12-11
	50. UNITED OVERSEAS BANK - SP ADR		2012-01-06	2012-12-11
	60. VODAFONE GROUP PLC NEW SP ADR		2011-08-10	2012-12-11
	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	1,489	1,191	298
b	4,383	6,931	-2,548
c	1,931	1,522	409
d	3,879	3,459	420
e	4,133	3,964	169
	7,571	4,442	3,129
	3,442	2,623	819
	4,976	4,291	685
	2,763	2,851	-88
	2,331	2,182	149
	3,248	1,585	1,663
	3,210	3,509	-299
	2,832	2,646	186
	3,440	3,447	-7
	5,190	4,194	996
	1,455	703	752
	3,083	3,677	-594
	5,959	3,311	2,648
	33,344	33,194	150
	2,762	2,950	-188
	878	999	-121
	1,631	1,506	125
	3,941	3,648	293
	4,269	4,190	79
	815	820	-5
	699	794	-95
	8,930	15,463	-6,533
	6,525	2,582	3,943
	3,303	2,854	449
	3,527	2,556	971
	1,829	1,011	818
	5,279	5,424	-145
	4,527	4,065	462
	1,512	1,658	-146
	4,190	4,921	-731
	6,376	5,399	977
	1,573	1,284	289
	3,109	3,471	-362
	3,848	2,750	1,098
	5,955	7,164	-1,209
	7,267	6,344	923
	799	1,311	-512
	890	1,065	-175
	3,226	1,385	1,841
	27,267	25,666	1,601
	7,205	5,180	2,025
	2,381	2,202	179
	1,156	1,098	58
	2,654	2,460	194
	2,239	2,050	189
	2,156	2,165	-9
	897	769	128
	2,098	2,461	-363
	4,062	1,133	2,929
	1,069	1,009	60
	1,400	1,171	229
	3,424	4,900	-1,476
	856	1,297	-441
	4,697	5,734	-1,037
	3,115	2,977	138
	3,634	3,635	-1
	3,750	3,608	142
	983	1,004	-21
	4,425	4,976	-551
	4,712	4,554	158
	940	1,105	-165
	1,161	1,075	86
	3,574	2,417	1,157
	1,406	1,506	-100
	2,686	2,590	96
	927	959	-32
	2,956	2,606	350
	2,294	2,476	-182
	3,974	4,663	-689
	692	800	-108
	1,037	803	234
	1,918	1,758	160
	34	39	-5
	2,092	1,225	867
	697	619	78
	1,400	660	740
	2,521	1,774	747
	50,000	51,600	-1,600
	1,613	2,610	-997
	3,414	2,875	539
	1,829	2,033	-204
	923	744	179
	2,179	1,788	391
	2,617	2,545	72
	2,729	3,058	-329
	1,457	703	754
	1,509	1,678	-169
	2,924	1,980	944
	660	566	94
	1,319	1,173	146
	2,615	2,499	116
	1,255	1,132	123
	1,644	1,284	360
	2,743	2,639	104
	2,628	2,522	106
	2,220	1,629	591
	634	559	75
	2,448	2,236	212
	1,041	878	163
	2,315	1,738	577
	1,235	1,042	193
	2,139	1,690	449
	2,240	2,995	-755
	2,240	1,728	512
	1,810	1,667	143
	2,292	2,114	178
	2,326	3,061	-735
	2,545	2,702	-157
	315	190	125
	1,638	1,817	-179
	2,718	2,457	261
	1,604	1,013	591
	535	463	72
	1,069	1,047	22
	2,282	986	1,296
	4,570	6,755	-2,185
	969	902	67
	969	987	-18
	259	377	-118
	1,813	1,887	-74
	2,153	1,844	309
	1,530	999	531
	1,072	640	432
	3,672	3,867	-195
	2,443	2,458	-15
	1,260	2,021	-761
	817	832	-15
	1,634	1,706	-72
	2,846	2,141	705
	3,882	4,369	-487
	3,043	3,828	-785
	547	428	119
	1,095	978	117
	1,286	1,708	-422
	1,490	1,838	-348
	2,071	1,652	419
	807	1,136	-329
	1,721	950	771
	3,385	4,487	-1,102
	1,617	1,488	129
	3,161	3,053	108
	1,620	1,953	-333
	1,748	2,105	-357
	874	1,120	-246
	3,823	3,149	674
	3,322	2,745	577
	3,206	3,457	-251
	2,397	1,704	693
	2,049	1,230	819
	415	570	-155
	1,246	1,616	-370
	2,450	2,643	-193
	50,000	49,909	91
	1,256	1,346	-90
	1,256	1,133	123
	718	893	-175
	2,246	1,792	454
	2,747	2,661	86
	1,677	2,265	-588
	988	1,047	-59
	1,317	1,224	93
	4,480	1,987	2,493
	2,074	1,892	182
	3,161	2,842	319
	1,794	1,852	-58
	1,345	1,389	-44
	1,834	1,755	79
	2,242	3,040	-798
	2,732	2,390	342
	3,156	2,977	179
	1,919	1,209	710
	3,199	2,972	227
	746	551	195
	1,492	1,033	459
	2,241	2,001	240
	2,617	2,717	-100
	3,176	1,840	1,336
	1,462	2,135	-673
	731	1,295	-564
	2,878	2,632	246
	2,609	2,619	-10
	4,130	3,556	574
	4,287	3,640	647
	4,056	3,340	716
	2,311	1,957	354
	4,437	4,116	321
	5,493	3,963	1,530
	1,554	1,667	-113
	1,942	1,695	247
	4,890	4,769	121
	3,098	2,990	108
	2,703	2,316	387
	3,804	3,110	694
	4,025	3,698	327
	3,856	3,003	853
	3,511	2,934	577
	1,660	1,636	24
	2,262	1,902	360
	764	815	-51
	1,529	2,009	-480
	2,326	2,142	184
	2,272	2,265	7
	2,818	2,618	200
	2,511	2,216	295
	1,653	1,324	329
	2,333	2,063	270
	111	104	7
	2,757	2,989	-232
	3,790	3,439	351
	3,085	2,182	903
	3,085	2,506	579
	2,039	2,007	32
	2,152	2,227	-75
	1,434	1,368	66
	694	755	-61
	2,199	1,939	260
	2,774	2,518	256
	1,033	816	217
	2,686	2,139	547
	2,105	2,129	-24
	3,179	2,976	203
	3,431	2,816	615
	1,815	1,464	351
	3,387	3,138	249
	1,891	914	977
	1,018	758	260
	727	759	-32
	3,523	3,291	232
	2,352	2,247	105
	1,176	1,155	21
	1,583	1,081	502
	950	837	113
	3,457	3,082	375
	2,763	2,801	-38
	4,489	4,297	192
	1,445	1,355	90
	1,445	721	724
	5,284	4,929	355
	3,129	2,878	251
	2,349	2,200	149
	1,869	2,393	-524
	2,225	1,698	527
	3,746	2,397	1,349
	1,037	1,776	-739
	518	585	-67
	1,555	1,611	-56
	2,109	2,001	108
	2,368	2,182	186
	2,039	2,143	-104
	480	388	92
	1,441	1,361	80
	509	279	230
	1,528	1,131	397
	3,223	2,651	572
	1,906	1,665	241
	3,096	2,518	578
	2,814	2,941	-127
	1,441	1,192	249
	1,441	1,334	107
	16	10	6
	2,153	1,832	321
	2,033	2,091	-58
	4,602	4,181	421
	2,710	2,294	416
	3,201	1,846	1,355
	2,086	1,671	415
	1,060	1,197	-137
	707	1,125	-418
	1,221	981	240
	349	377	-28
	2,018	2,100	-82
	1,816	1,461	355
	3,238	2,951	287
	3,365	3,434	-69
	2,420	2,072	348
	4,813	4,166	647
	654	621	33
	1,962	1,226	736
	3,802	2,989	813
	2,866	3,036	-170
	1,676	1,734	-58
	3,383	3,011	372
	1,575	1,225	350
	2,157	2,576	-419
	683	907	-224
	853	852	1
	1,710	2,374	-664
	2,607	1,455	1,152
	2,237	1,198	1,039
	1,600	1,566	34
	1,526	1,498	28
	14,712	12,334	2,378
	2,161	1,655	506
	1,644	1,845	-201
	206	261	-55
	2,471	2,191	280
	2,258	2,020	238
	3,097	2,870	227
	2,602	876	1,726
	1,793	1,889	-96
	2,869	4,352	-1,483
	1,607	1,591	16
	964	848	116
	3,256	3,762	-506
	1,628	1,421	207
	1,596	1,523	73
	1,596	1,197	399
	1,557	1,531	26
			80

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			298
b			-2,548
c			409
d			420
e			169
			3,129
			819
			685
			-88
			149
			1,663
			-299
			186
			-7
			996
			752
			-594
			2,648
			150
			-188
			-121
			125
			293
			79
			-5
			-95
			-6,533
			3,943
			449
			971
			818
			-145
			462
			-146
			-731
			977
			289
			-362
			1,098
			-1,209
			923
			-512
			-175
			1,841
			1,601
			2,025
			179
			58
			194
			189
			-9
			128
			-363
			2,929
			60
			229
			-1,476
			-441
			-1,037
			138
			-1
			142
			-21
			-551
			158
			-165
			86
			1,157
			-100
			96
			-32
			350
			-182
			-689
			-108
			234
			160
			-5
			867
			78
			740
			747
			-1,600
			-997
			539
			-204
			179
			391
			72
			-329
			754
			-169
			944
			94
			146
			116
			123
			360
			104
			106
			591
			75
			212
			163
			577
			193
			449
			-755
			512
			143
			178
			-735
			-157
			125
			-179
			261
			591
			72
			22
			1,296
			-2,185
			67
			-18
			-118
			-74
			309
			531
			432
			-195
			-15
			-761
			-15
			-72
			705
			-487
			-785
			119
			117
			-422
			-348
			419
			-329
			771
			-1,102
			129
			108
			-333
			-357
			-246
			674
			577
			-251
			693
			819
			-155
			-370
			-193
			91
			-90
			123
			-175
			454
			86
			-588
			-59
			93
			2,493
			182
			319
			-58
			-44
			79
			-798
			342
			179
			710
			227
			195
			459
			240
			-100
			1,336
			-673
			-564
			246
			-10
			574
			647
			716
			354
			321
			1,530
			-113
			247
			121
			108
			387
			694
			327
			853
			577
			24
			360
			-51
			-480
			184
			7
			200
			295
			329
			270
			7
			-232
			351
			903
			579
			32
			-75
			66
			-61
			260
			256
			217
			547
			-24
			203
			615
			351
			249
			977
			260
			-32
			232
			105
			21
			502
			113
			375
			-38
			192
			90
			724
			355
			251
			149
			-524
			527
			1,349
			-739
			-67
			-56
			108
			186
			-104
			92
			80
			230
			397
			572
			241
			578
			-127
			249
			107
			6
			321
			-58
			421
			416
			1,355
			415
			-137
			-418
			240
			-28
			-82
			355
			287
			-69
			348
			647
			33
			736
			813
			-170
			-58
			372
			350
			-419
			-224
			1
			-664
			1,152
			1,039
			34
			28
			2,378
			506
			-201
			-55
			280
			238
			227
			1,726
			-96
			-1,483
			16
			116
			-506
			207
			73
			399
			26

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	65,001
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
2010
2009
2008
2007

2	Total of line 1, column (d) ......................	2
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
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
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	1,875
	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	1,875
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	1,875
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	1,800
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	1,800
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	75
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING & TRUST COMPANY Telephone no. bullet

(410) 626-6118

Located at bullet

23 WEST STREETANNAPOLISMD ZIP+4 bullet

214012420

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 1	22,529
23 WEST STREET ANNAPOLIS,MD214012420	TRUSTEE 1	22,529

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

1,568,982

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

33,472

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

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

1,602,454

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

1,602,454

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

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

24,037

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

1,578,417

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

78,921

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

78,921

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

1,875

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

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

1,875

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

77,046

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

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

77,046

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

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

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

77,046

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 ..........

78,041

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

78,041

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

78,041

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					77,046
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				78,041
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: $ 78,041
a Applied to 2011, but not more than line 2a				78,041
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.....					0
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 ..........					77,046
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).)

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

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
UNITED STATES NAVAL ACADEMY ATTN MRS MONA QUINN COMPTROLLER DEPT-181 WAINWRIGHT ANNAPOLIS,MD214025008	NONE	EXEMPT	SCHOLARSHIPS	78,041
Total ................................. 3a				78,041

bApproved for future payment

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

Form 990-PF (2012)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	3,844
4 Dividends and interest from securities....			14	48,200
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	65,001
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aLITIGATION PROCEED			14	3
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				117,048

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

13117,048

(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