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
W TRENT RAGLAND JR 552-1019894918
 

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044   Room/suite
City or town, state, and ZIP code
CHARLOTTE, NC28288
A Employer identification number

56-6035980
B Telephone number (see instructions)

(800) 352-3705
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,546,557J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 400,000
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 103,517 103,517  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 681,634
b Gross sales price for all assets on line 6a 1,453,969
7 Capital gain net income (from Part IV, line 2)... 681,634
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)....... Click to see attachment 200 42,720  
12 Total. Add lines 1 through 11........ 1,185,351 827,871  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 31,413 23,560   7,853
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 750 0 0 750
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 7,089 1,764   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 4,700     4,700
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,952 25,324 0 13,303
25 Contributions, gifts, grants paid........ 319,375 319,375
26 Total expenses and disbursements. Add lines 24 and 25 363,327 25,324 0 332,678
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 822,024
b Net investment income (if negative, enter -0-) 802,547
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 24,462 4,749 4,749
2 Savings and temporary cash investments.......... 116,499 338,929 338,929
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,353,038 Click to see attachment2,830,293 3,646,374
c Investments—corporate bonds (attach schedule)........ 1,094,785    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment1,496,483 1,556,505
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment500,760    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,089,544 4,670,454 5,546,557
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 4,089,544 4,670,454
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).................... 4,089,544 4,670,454
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,089,544 4,670,454
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 4,089,544
2 Enter amount from Part I, line 27a..................... 2 822,024
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 13,280
4 Add lines 1, 2, and 3.......................... 4 4,924,848
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 254,394
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,670,454
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 10248.496 ACADIAN EMG MKTS PORT-INST #1260   2010-08-23 2012-05-02
b 4875.371 ARTISAN INTL SMALL CAP FD-IV #1465   2010-04-23 2012-09-20
c 7939.659 BLACKROCK FUNDAMENTAL GRW-BR #0794   1960-01-01 2012-10-17
d 9060.341 BLACKROCK FUNDAMENTAL GRW-BR #0794   1986-01-02 2012-12-20
e 5839.416 DODGE & COX INCOME FD COM   2008-06-19 2012-05-14
2955. GENERAL ELEC CO COM   1970-02-28 2012-09-20
1563. JOHNSON & JOHNSON COM   1970-02-28 2012-05-14
1524. JOHNSON & JOHNSON COM   1970-02-28 2012-09-20
1500. KRAFT FOODS INC-A COM   1970-02-28 2012-09-20
500. MONSANTO CO NEW COM   2010-04-23 2012-09-20
5386.63 MORGAN STANLEY INS INTN RE I #8001   2010-08-23 2012-05-02
4694.836 PIMCO FDS PAC INVT MGMT SER LOW DURATION FD INSTL CL   2011-01-10 2012-09-20
9729.509 PIMCO FDS PAC INVT MGMT SER HIGH YLD FD INSTL CL   2009-03-13 2012-10-18
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 188,675   194,983 -6,308
b 99,653   87,805 11,848
c 200,000   75,679 124,321
d 225,421   85,012 140,409
e 80,000   72,955 7,045
65,984   1 65,983
100,045     100,045
104,956     104,956
62,103   1 62,102
45,434   2,936 42,498
93,135   127,020 -33,885
50,000   48,873 1,127
93,501   77,070 16,431
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -6,308
b       11,848
c       124,321
d       140,409
e       7,045
      65,983
      100,045
      104,956
      62,102
      42,498
      -33,885
      1,127
      16,431
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 681,634
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 290,220 4,806,730 0.060378
2010 264,537 4,365,269 0.0606
2009 298,353 3,580,440 0.083329
2008 311,158 4,414,540 0.070485
2007 245,694 4,937,461 0.049761
2 Total of line 1, column (d) ...................... 2 0.324553
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 0.064911
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 5,213,426
5 Multiply line 4 by line 3....................... 5 338,409
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,025
7 Add lines 5 and 6......................... 7 346,434
8 Enter qualifying distributions from Part XII, line 4.............. 8 332,678
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 16,051
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 16,051
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 16,051
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 7,824
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 8,055
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,879
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 172
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (800) 352-3705
    Located atbulletONE WEST 4TH STREET D4000-062WINSTON SALEMNC ZIP+4bullet271014000
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    WELLS FARGO BANK NA TRUSTEE
    40     		31,413    
    1525 WEST WT HARRIS BLVD
    CHARLOTTE,NC282881114
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,033,922
    b
    Average of monthly cash balances.......................
    1b
    258,896
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,292,818
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,292,818
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    79,392
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,213,426
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    260,671
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    260,671
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    16,051
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,051
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    244,620
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    200
    5
    Add lines 3 and 4............................
    5
    244,820
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    244,820
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    332,678
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    332,678
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    332,678
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 244,820
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 15,008
    b From 2008....... 93,679
    c From 2009....... 120,825
    d From 2010....... 54,743
    e From 2011....... 57,705
    fTotal of lines 3a through e......... 341,960
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 332,678
    a Applied to 2011, but not more than line 2a 0
    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..... 244,820
    e Remaining amount distributed out of corpus 87,858
    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 5 429,818
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		15,008
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		414,810
    10 Analysis of line 9:
    a Excess from 2008.... 93,679
    b Excess from 2009.... 120,825
    c Excess from 2010.... 54,743
    d Excess from 2011.... 57,705
    e Excess from 2012.... 87,858
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number 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)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ZETA PSI EDUCATIONAL FOUNDATION
    15 SOUTH HENRY STREET
    PEARL RIVER,NY10965     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    JOHN WILLIAM POPE CENTER FOR HIGHER
    EDUCATION POLICY
    200 W MORGAN STREET
    RALEIGH,NC27601     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    DUKE UNIVERSITY HEALTH SYSTEM
    3400 WAKE FOREST ROAD
    RALEIGH,NC27609     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    THE SALVATION ARMY
    215 S PERSON STREET
    RALEIGH,NC276011423     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    COMMUNITY MUSIC SCHOOL
    23 NORTH SIXTH STREET
    ALLENTOWN,PA18101     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    NAVAL WAR COLLEGE FOUNDATION INC
    686 CUSHING ROAD
    NEWPORT,RI028411207     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    NC MUSEUM OF ART FOUNDATION INC
    4630 MAIL SERVICE CTR
    RALEIGH,NC27699     		NONE PUBLIC CHARITY GENERAL PURPOSE 102,500
    HISTORIC SALISBURY FOUNDATION
    215 DEPOT ST
    SALISBURY,NC28144     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    CAPITAL AREA PRESERVATION INC (CAP)
    PO BOX 28072
    RALEIGH,NC27611     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENUE
    WASHINGTON,DC20002     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    NC CENTRAL UNIVERSITY FDN
    PO BOX 52466
    DURHAM,NC27717     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    CUPLOA HOUSE ASSOCIATION
    PO BOX 311
    EDENTON,NC27932     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    CHRIST CHURCH AT GROVE FARM
    249 DUFF ROAD
    SEWICKLEY,PA15143     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI49243     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    NAVY LEAGUE OF THE UNITED STATE
    PO BOX 2410
    MERRIFIELD,VA221169868     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    NATIONAL TRUST FOR HISTORIC
    PRESERVATION IN THE US
    1785 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    RANDOLPH COLLEGE
    2500 RIVERMONT AVE
    LYNCHBURG,VA24503     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    THE VMI FOUNDATION INC
    PO BOX 932
    LEXINGTON,VA24450     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    EPISCOPAL HIGH SCHOOL
    1200 QUAKER LANE
    ALEXANDRIA,VA22302     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    ROBERT L LEE MEMORIAL ASSOCIATION
    INC (STARTFORD HALL)
    483 GREAT HOUSE ROAD
    STRATFORD,VA22558     		NONE PUBLIC CHARITY GENERAL PURPOSE 300
    SALEM ACADEMY AND COLLEGE
    PO BOX 10548
    WINSTONSALEM,NC27108     		NONE PUBLIC CHARITY GENERAL PURPOSE 300
    SAINT MARY SCHOOL
    900 HILLSBOROUGH ST
    RALEIGH,NC27603     		NONE PUBLIC CHARITY GENERAL PURPOSE 77,000
    USO OF NORTH CARLINA INC
    PO BOX 13508
    RTP,NC27709     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    SAINT AUGUSTINES COLLEGE
    1315 OAKWOOD AVE
    RALEIGH,NC276102247     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    JUNIOR LEAGUE OF RALEIGH
    4020 BARRETT DRIVE SUITE 104
    RALEIGH,NC27609     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    CHRIST EPISCOPAL CHURCH
    200 S MCMORRINE STREET
    ELIZABETH CITY,NC27909     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,500
    YMCA OF THE TRIANGLE AREA
    801 CORPORATE CENTER DRIVE
    RALEIGH,NC27607     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    HUGH CHATHAM MEMORIAL HOSPITAL INC
    PO BOX 560
    ELKIN,NC28621     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    RALEIGH LITTLE THEATRE
    301 POGUE STREET
    RALEIGH,NC27607     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    NC LITERARY & HISTORICAL ASSOCIATIO
    109 EAST JONES STREET
    RALEIGH,NC276012807     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    INDEPENDENT COLLEGE FUND OF NC
    530 NORTH BLOUNT STREET
    RALEIGH,NC27604     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,500
    BOYS CLUB OF WAKE COUNTY
    701 N RALEIGH BLVD
    RALEIGH,NC27610     		NONE PUBLIC CHARITY GENERAL PURPOSE 16,250
    TAMMY LYNN CENTER FOR DEVLOPMENT
    DISABILITIES
    739 CHAPPELL DRIVE
    RALEIGH,NC27606     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    MEALS ON WHEEL OF WAKE COUNTY
    PO BOX 37639
    RALEIGH,NC276277639     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    NC SHERIFFS ASSOCIATION
    PO BOX 20049
    RALEIGH,NC276190049     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    NORTH CAROLINA SOCIETY
    WILSON LIBRARY CAMPUS BOX 3930
    CHAPEL HILL,NC27514     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    THE HISTORIC PRESERVATION FND OF NC
    220 FAYETTEVILLE ST STE 200
    RALEIGH,NC27601     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    NC MUSEUM OF HISTORY ASSOCIATES
    INC
    5 E EDENTON ST
    RALEIGH,NC27601     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    FRIENDS OF THE ARCHIVES
    4614 MAIL SERVICE SENTER
    RALEIGH,NC276994614     		NONE PUBLIC CHARITY GENERAL PURPOSE 300
    HOSPICE OF WAKE COUNTY
    250 HOSPICE CIRCLE
    RALEIGH,NC27607     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    FRIENDS OF NC STATE MUSEUM OF
    NATURAL SCIENCES
    PO BOX 29628
    RALEIGH,NC27626     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    CHOWAN ARTS COUNCIL
    200 E CHURCH ST
    EDENTON,NC27932     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    WOMENS CENTER
    PO BOX 1057
    CHAPEL HILL,NC27514     		NONE PUBLIC CHARITY GENERAL PURPOSE 550
    FOOD BANK OF CENTRAL & EASTERN NC
    3808 TARHELL DRIVE
    RALEIGH,NC27609     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    TRIANGLE COMMUNITY FOUNDATION
    324 BLACKWELL STREET SUITE 1220
    DURHAM,NC27701     		NONE PUBLIC CHARITY GENERAL PURPOSE 12,625
    THE SHEPHERD'S TABLE SOUP KITCHEN
    PO BOX 28024
    RALEIGH,NC27611     		NONE PUBLIC CHARITY GENERAL PURPOSE 400
    ORANGE COUNTY LITERACY
    200 N GREENSBORE STREET SUITE C-2
    CARRBORO,NC27510     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    HABITAT FOR HUMANITY OF WAKE COUNTY
    2420 RALEIGH BLVD
    RALEIGH,NC27607     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    REX HOSPITAL INC
    2500 BLUE RIDGE ROAD SUITE 325
    RALEIGH,NC27607     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    THE JESSE HELMS CENTER FOUNDATION
    PO BOX 247
    WINGATE,NC28174     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    JOHN LOCKE FOUNDATION
    200 W MORGAN STREET 200
    RALEIGH,NC27601     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    NC COMMUNITY FOUNDATION
    4601 SIX FORKS ROAD SUTIE 524
    RALEIGH,NC27609     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    INTER-FAITH FOOD SHUTTLE
    1001 BLAIR DRIVE PO BOX 14638
    RALEIGH,NC27620     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    SAFECHILD
    864 WEST MORGAN STREET
    RALEIGH,NC27603     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    DEVELOPEMENT FDN NC CENTER FOR THE
    THE ADVANCEMENT TEACHING INC
    276 NCCAT DRIVE
    CULLOWHEE,NC287239062     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    WAKEMED FOUNDATION
    3000 NEW BERN AVENUE
    RALEIGH,NC27610     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    UNITED WAY OF THE GREATER TRIANGLE
    INC
    2400 PERIMETER PARK DR STE 150
    MORRISVILLE,NC27560     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    HEALING PLACE OF WAKE COUNTY
    1251 GOODE ST
    RALEIGH,NC27603     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    RAVENSCROFT SCHOOL
    7409 FALLS OF THE NEUSE ROAD
    RALEIGH,NC17615     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,100
    RALEIGH RESCUE MISSION
    PO BOX 27391
    RALEIGH,NC276117391     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    WINSTON-SALEM FOUNDATION
    860 WEST FIFTH STREET
    WINSTONSALEM,NC27101     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    NC STATE UNIVERSITY FBO
    NCSU LIBRARY
    BOX 7207
    RALEIGH,NC27695     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,500
    MEDICAL FOUNDATIN OF NC INC
    880 MARTIN LUTHER KING JR BLVD
    CHAPEL HILL,NC27514     		NONE PUBLIC CHARITY GENERAL PURPOSE 7,050
    JOEL LANE HOUSE
    PO BOX 10884
    RALIEGH,NC27605     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    NORTH CAROLINA TRANSPORTATION
    MUSEUM
    PO BOX 69
    SPENCER,NC281590069     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    EDENTON HISTORICAL COMMISSION
    505 SOUTH BROAD STREET
    EDENTON,NC27932     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    URBAN MINISTRIES OF WAKE COUNTY
    PO BOX 26476
    RALEIGH,NC27611     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,500
    NC SYMPHONY FOUNDATION
    3700 GLENWOOD AVE STE 130
    RALEIGH,NC27612     		NONE PUBLIC CHAIRTY GENERAL PURPOSE 1,000
    TRIANGLE LAND CONSERVANCY
    1101 HAYNES STREET
    RALEIGH,NC27604     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    WAKE EDUCATION PARTNERSHIP
    706 HILLSBOROUGH ST ST A
    RALEIGH,NC27603     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    NORTH CAROLINA COMMUNITY FDN
    4601 SIX FORK RD STE 524
    RALEIGH,NC276095286     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,200
    NC SUPREME COURT HISTORICAL SOCIETY
    PO BOX 26972
    RALEIGH,NC27611     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    RALEIGH CITY MUSEUM
    210 FAYETTEVILLE STREET
    RALEIGH,NC27601     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    STATE CAPITOL FOUNDATION INC
    MAIL SERVICE CTR STE 4624
    RALEIGH,NC27699     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    NATIONAL HUMANITIES CENTER
    7 TW ALEXANDER RESEARCH TRIANGLE
    RALEIGH,NC27709     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    NEW VOICES FOUNDATION
    PO BOX 14047
    RTP,NC27709     		NONE PUBLIC CHARTIY GENERAL PURPOSE 500
    ADMIRAL NIMITZ FOUNDATION
    328 E MAIN ST
    FREDERICKSBURG,TX78624     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    PACIFIC AVIATION MUSEUM OF PEARL
    HARBOR
    319 LEXINGTON BLVD
    HONOLULU,HI96818     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    Total .................................bullet 3a 319,375
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 103,517  
    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     18 681,634  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRECOVERY     1 200  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   785,351  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13785,351
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    W TRENT RAGLAND JR 552-1019894918
     
    Employer identification number

    56-6035980
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    W TRENT RAGLAND JR 552-1019894918
          		Employer identification number

    56-6035980
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    W TRENT RAGLAND JR    
    3420 WILLIMSBOROUGH CT
       
    RALEIGH, NC   27609

    		$9,850


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    W TRENT RAGLAND JR    
    3420 WILLIMSBOROUGH CT
       
    RALEIGH, NC   27609

    		$390,150


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    W TRENT RAGLAND JR 552-1019894918
          		Employer identification number

    56-6035980
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 17,000 units of Blackrock Fundatmental Grw-BR #0794   $391,340 2012-07-16
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    W TRENT RAGLAND JR 552-1019894918
          		Employer identification number

    56-6035980
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2012 AccountingFeesSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 750     750

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Name of Bond End of Year Book Value End of Year Fair Market Value
    256210105 DODGE & COX INCOME    
    277911491 EATON VANCE    
    693390841 PIMCO HIGH YIELD    
    693390700 PIMCO TOTAL RETURN    
    722005220 PIMCO FOREIGN BOND    
    04314H808 ARTISAN INTERN.    
    256219106 DODGE & COX STOCK    
    0075W0759 EDGEWOOD GROWTH    
    464287804 ISHARES TR SMALL    
    78467Y107 SPDR S & P    
    779556109 T ROWE PRICE MID    
    00758M162 ACADIAN EMERGING    
    411511306 HARBOR INTERN.    
    464287465 ISHARES MSCI EAFE    
    922042858 VANGUARD EMERGING    
    61744J317 MORGAN STANLEY INST    
    61744J671 MORGAN STANLEY US    
    722005667 PIMCO COMMODITY    
    693390304 PIMCO LOW DURATION F    

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Name of Stock End of Year Book Value End of Year Fair Market Value
    003021714 ABERDEEN EMERG MARKE 150,000 169,203
    00758M162 ACADIAN EMERGING MAR    
    0075W0759 EDGEWOOD GROWTH INST 338,012 541,087
    03875R205 ARBITRAGE FUND CLASS 175,000 167,397
    04314H808 ARTISAN INTL SMALL C    
    191216100 COCA COLA CO 2,445 36,975
    256219106 DODGE & COX STOCK FU 344,502 591,736
    277923728 EATON VANCE GLOBAL M 175,000 172,543
    369604103 GENERAL ELECTRIC CO    
    411511306 HARBOR INTERNATION F 239,447 506,278
    459200101 INTERNATIONAL BUSINE 2,283 38,310
    466001864 IVY ASSET STRATEGY F 150,000 163,414
    478160104 JOHNSON & JOHNSON    
    483438206 KALMAR GR W/VAL SM C 150,000 152,065
    50075N104 KRAFT FOODS INC    
    61166W101 MONSANTO CO NEW    
    61744J317 MORGAN STANLEY INS I    
    61744J671 MORGAN STANLEY US RE 162,789 169,946
    722005667 PIMCO COMMODITY REAL 178,623 172,848
    779556109 T ROWE PRICE MID CAP 232,192 226,937
    093001774 WILLIAM BLAIR INTL G 100,000 100,087
    38143H381 GOLDMAN SACHS COMM S 170,000 165,006
    44980Q518 ING INTERNATIONAL RE 160,000 167,069
    683974505 OPPENHEIMER DEVELOPI 100,000 105,473

    TY 2012 InvestmentsOtherSchedule2
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    7OA147678 GRANVILLE MULTI-STRA AT COST 500,701 516,353
    256210105 DODGE & COX INCOME F AT COST 244,268 272,785
    277911491 EATON VANCE FLOATING AT COST 75,822 74,299
    302544101 FPA NEW INCOME FUND AT COST 100,000 99,532
    693390304 PIMCO LOW DURATION F AT COST 240,534 242,844
    693390700 PIMCO TOTAL RET FD-I AT COST 160,406 169,292
    722005220 PIMCO FOREIGN BOND ( AT COST 174,752 181,400

    TY 2012 OtherAssetsSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    7OA147678 GRANVILLE MULTI-STRA 500,760 0 0


    TY 2012 OtherDecreasesSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Description Amount
    MUTUAL FUND POSTING DATE AFTER TYE 24,674
    STOCK CONTRIBUTION DIFF BW COST & FMV 229,610
    ROC BASIS ADJUSTMENT 106
    ROUNDING 4


    TY 2012 OtherExpensesSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STORAGE EXPENSE 1,100 0   1,100
    ADMIN EXPENSE 3,600 0   3,600


    TY 2012 OtherIncomeSchedule2
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RECOVERY 200 0  
    GRANVILLE K1 - NET CAPITAL GAIN   32,659  
    GRANVILLE K1 - ORDINARY EARNING   10,061  


    TY 2012 OtherIncreasesSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Description Amount
    MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE 13,280


    TY 2012 TaxesSchedule
    Name:
    W TRENT RAGLAND JR 552-1019894918
    EIN: 56-6035980
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 5,325 0   0
    FOREIGN TAXES ON QUALIFIED FOR 695 695   0
    FOREIGN TAXES ON NONQUALIFIED 1,069 1,069   0