﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-02-14T08:54:29-06:00</Timestamp>
    <TaxPeriodEndDate>2013-09-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>561215661</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>THE DANIEL PROFESSIONAL GRP INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>4400 SILAS CREEK PKY SUITE 200</AddressLine1>
        <City>WINSTONSALEM</City>
        <State>NC</State>
        <ZIPCode>27104</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-10-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>562000456</EIN>
      <Name>
        <BusinessNameLine1>STEPHENSON POPE BABCOCK FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>STEP</NameControl>
      <Phone>3366590290</Phone>
      <USAddress>
        <AddressLine1>2210 BROOKFIELD DRIVE</AddressLine1>
        <City>WINSTONSALEM</City>
        <State>NC</State>
        <ZIPCode>27106</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>BRUCE BABCOCK</Name>
      <Title>PRESIDENT</Title>
      <Phone>3366590290</Phone>
      <DateSigned>2014-02-14</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>JOSEPH P SILLS</Name>
      <PTIN>P00194921</PTIN>
      <Phone>3367683290</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-12-30 17:16:21Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>1798265</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>33900</ContriReceivedRevAndExpnss>
        <DividendsRevAndExpnss>42101</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>42101</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>-37284</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>350721</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>0</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>38717</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>42101</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">2250</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>0</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>2250</AccountingFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">4122</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>4122</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>0</TaxesDsbrsChrtblPrps>
        <TravConfMeetingRevAndExpnss>930</TravConfMeetingRevAndExpnss>
        <TravConfMeetingNetInvstIncm>465</TravConfMeetingNetInvstIncm>
        <TravConfMeetingDsbrsChrtblPrps>465</TravConfMeetingDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">1710</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>855</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>855</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>9012</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>5442</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>3570</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>99000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>99000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>108012</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>5442</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>102570</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-69295</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>36659</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>213503</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>162751</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>162751</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>1220123</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">1201583</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>1497686</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>133688</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="RetDoc2044400001">133688</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>137828</InvestmentsCorpBondsEOYFMV>
        <TotalAssetsBOY>1567314</TotalAssetsBOY>
        <TotalAssetsEOY>1498022</TotalAssetsEOY>
        <TotalAssetsEOYFMV>1798265</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>1567314</RetainedEarningsBOY>
        <RetainedEarningsEOY>1498022</RetainedEarningsEOY>
        <TotalNetAssetsBOY>1567314</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>1498022</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>1567314</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>1498022</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>1567314</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-69295</ExcessOfRevenueOverExpenses>
        <OtherIncreases referenceDocumentId="RetDoc2049700001">3</OtherIncreases>
        <Subtotal>1498022</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>1498022</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>KRAFT FOODS GROUP INC</DescriptionOfAsset>
          <DateAcquired>2012-09-17</DateAcquired>
          <DateSold>2012-10-05</DateSold>
          <GrossSalesPrice>16</GrossSalesPrice>
          <CostOrOtherBasis>14</CostOrOtherBasis>
          <GainOrLoss>2</GainOrLoss>
          <GainsMinusExcessOrLosses>2</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>STAPLES INC</DescriptionOfAsset>
          <DateAcquired>2004-03-12</DateAcquired>
          <DateSold>2012-11-15</DateSold>
          <GrossSalesPrice>3549</GrossSalesPrice>
          <CostOrOtherBasis>5373</CostOrOtherBasis>
          <GainOrLoss>-1824</GainOrLoss>
          <GainsMinusExcessOrLosses>-1824</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>STAPLES INC</DescriptionOfAsset>
          <DateAcquired>2004-03-12</DateAcquired>
          <DateSold>2012-11-15</DateSold>
          <GrossSalesPrice>28392</GrossSalesPrice>
          <CostOrOtherBasis>51678</CostOrOtherBasis>
          <GainOrLoss>-23286</GainOrLoss>
          <GainsMinusExcessOrLosses>-23286</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>STAPLES INC</DescriptionOfAsset>
          <DateAcquired>2002-09-25</DateAcquired>
          <DateSold>2012-11-15</DateSold>
          <GrossSalesPrice>17745</GrossSalesPrice>
          <CostOrOtherBasis>13425</CostOrOtherBasis>
          <GainOrLoss>4320</GainOrLoss>
          <GainsMinusExcessOrLosses>4320</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BERKSHIRE HATHAWAY INC</DescriptionOfAsset>
          <DateAcquired>2008-05-21</DateAcquired>
          <DateSold>2012-12-14</DateSold>
          <GrossSalesPrice>17849</GrossSalesPrice>
          <CostOrOtherBasis>16241</CostOrOtherBasis>
          <GainOrLoss>1608</GainOrLoss>
          <GainsMinusExcessOrLosses>1608</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>INTEL CORP</DescriptionOfAsset>
          <DateAcquired>2011-01-18</DateAcquired>
          <DateSold>2012-12-19</DateSold>
          <GrossSalesPrice>37883</GrossSalesPrice>
          <CostOrOtherBasis>38003</CostOrOtherBasis>
          <GainOrLoss>-120</GainOrLoss>
          <GainsMinusExcessOrLosses>-120</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DUKE ENERGY INC</DescriptionOfAsset>
          <DateAcquired>2012-06-11</DateAcquired>
          <DateSold>2013-03-01</DateSold>
          <GrossSalesPrice>75207</GrossSalesPrice>
          <CostOrOtherBasis>76642</CostOrOtherBasis>
          <GainOrLoss>-1435</GainOrLoss>
          <GainsMinusExcessOrLosses>-1435</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DUKE ENERGY INC</DescriptionOfAsset>
          <DateAcquired>2012-06-13</DateAcquired>
          <DateSold>2013-03-01</DateSold>
          <GrossSalesPrice>15958</GrossSalesPrice>
          <CostOrOtherBasis>16080</CostOrOtherBasis>
          <GainOrLoss>-122</GainOrLoss>
          <GainsMinusExcessOrLosses>-122</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>JOHNSON &amp; JOHNSON</DescriptionOfAsset>
          <DateAcquired>2012-01-19</DateAcquired>
          <DateSold>2013-03-11</DateSold>
          <GrossSalesPrice>78134</GrossSalesPrice>
          <CostOrOtherBasis>65216</CostOrOtherBasis>
          <GainOrLoss>12918</GainOrLoss>
          <GainsMinusExcessOrLosses>12918</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>EQUITY RESIDENTIAL SH BEN</DescriptionOfAsset>
          <DateAcquired>2013-02-05</DateAcquired>
          <DateSold>2013-07-11</DateSold>
          <GrossSalesPrice>35126</GrossSalesPrice>
          <CostOrOtherBasis>32648</CostOrOtherBasis>
          <GainOrLoss>2478</GainOrLoss>
          <GainsMinusExcessOrLosses>2478</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>APPLE COMPUTER</DescriptionOfAsset>
          <DateAcquired>2012-10-10</DateAcquired>
          <DateSold>2013-08-19</DateSold>
          <GrossSalesPrice>20431</GrossSalesPrice>
          <CostOrOtherBasis>25685</CostOrOtherBasis>
          <GainOrLoss>-5254</GainOrLoss>
          <GainsMinusExcessOrLosses>-5254</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>APPLE COMPUTER</DescriptionOfAsset>
          <DateAcquired>2012-11-19</DateAcquired>
          <DateSold>2013-08-19</DateSold>
          <GrossSalesPrice>20431</GrossSalesPrice>
          <CostOrOtherBasis>22205</CostOrOtherBasis>
          <GainOrLoss>-1774</GainOrLoss>
          <GainsMinusExcessOrLosses>-1774</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>-12489</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>98562</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>1528617</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.064478</DistributionRatioYear1>
        <QualifyingDistributionsYear2>106918</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>1414463</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.075589</DistributionRatioYear2>
        <QualifyingDistributionsYear3>113738</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>1575901</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.072173</DistributionRatioYear3>
        <QualifyingDistributionsYear4>102429</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>1552010</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.065998</DistributionRatioYear4>
        <QualifyingDistributionsYear5>107211</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>1751657</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.061205</DistributionRatioYear5>
        <TotalDistributionRatio>0.339443</TotalDistributionRatio>
        <AverageDistributionRatio>0.067889</AverageDistributionRatio>
        <NetNoncharitableAssets>1698478</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>115308</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>367</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>115675</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>102570</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>733</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>733</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>733</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>2520</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>2520</TotalCreditsAndPayments>
        <Overpayment>1787</Overpayment>
        <AmountCreditedToNextYear>760</AmountCreditedToNextYear>
        <AmountToBeRefunded>1027</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>SPBABCOCKFOUNDATION.ORG</WebsiteAddress>
        <BooksInCareOfPersonName>BRUCE BABCOCK</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>3366590290</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>2210 BROOKFIELD DRIVE</AddressLine1>
          <City>WINSTON SALEM</City>
          <State>NC</State>
          <ZIPCode>27106</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>0</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ANNE BABCOCK</PersonName>
          <USAddress>
            <AddressLine1>2210 BROOKFIELD DR</AddressLine1>
            <City>WINSTON SALEM</City>
            <State>NC</State>
            <ZIPCode>27106</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>BRUCE BABCOCK</PersonName>
          <USAddress>
            <AddressLine1>2210 BROOKFIELD DR</AddressLine1>
            <City>WINSTON SALEM</City>
            <State>NC</State>
            <ZIPCode>27106</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LUKE BABCOCK</PersonName>
          <USAddress>
            <AddressLine1>274 DIVISION STREET</AddressLine1>
            <City>SAG HARBOR</City>
            <State>NY</State>
            <ZIPCode>11963</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THOMAS BABCOCK</PersonName>
          <USAddress>
            <AddressLine1>955 LEXINGTON AVE NO 8C</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10021</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ALICE PEARCE</PersonName>
          <USAddress>
            <AddressLine1>3960 NORTH OCEAN BLVD 6</AddressLine1>
            <City>DELRAY BEACH</City>
            <State>FL</State>
            <ZIPCode>33483</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>1724343</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>0</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1724343</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>1724343</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>25865</CashDeemedCharitable>
        <NetNoncharitableAssets>1698478</NetNoncharitableAssets>
        <MinimumInvestmentReturn>84924</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>84924</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>733</TaxBasedOnInvestmentIncome>
        <TotalTax>733</TotalTax>
        <DistributableAmountBeforeAdj>84191</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>84191</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>84191</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>102570</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>102570</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>102570</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>84191</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <ExcessDistriCarryoverYear5>22454</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>25446</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>35588</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>27023</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>24613</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>135124</TotalExcessDistriCarryover>
        <QualifyingDistributions>102570</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus referenceDocumentId="RetDoc12000100084">25000</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>77570</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>0</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>6621</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>6621</ExcessDistriCyovAppliedCY>
        <TotalCorpus>153503</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>25000</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>0</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>128503</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>16279</ExcessFromYear4>
        <ExcessFromYear3>35588</ExcessFromYear3>
        <ExcessFromYear2>27023</ExcessFromYear2>
        <ExcessFromYear1>24613</ExcessFromYear1>
        <ExcessFromCurrentYear>25000</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PAUL'S PLACE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>188 SOUTH SWINTON AVE</AddressLine1>
            <City>DELRAY BEACH</City>
            <State>FL</State>
            <ZIPCode>33444</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>6000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BEMCC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>642 THIRD AVENUE SUITE 1</AddressLine1>
            <City>CHULA VISTA</City>
            <State>CA</State>
            <ZIPCode>91910</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHESAPEAKE CONSERVACNY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>716 GIDDINGS AVE STE 42</AddressLine1>
            <City>ANNAPOLIS</City>
            <State>MD</State>
            <ZIPCode>21401</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EL BUEN PASTOR</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4637 TIM ROAD</AddressLine1>
            <City>WINSTON SALEM</City>
            <State>NC</State>
            <ZIPCode>27106</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF UTAH AVALANCHE CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 521353</AddressLine1>
            <City>SALT LAKE CITY</City>
            <State>UT</State>
            <ZIPCode>84152</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CORRAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3624 KILDAIRE FARM ROAD</AddressLine1>
            <City>CARY</City>
            <State>NC</State>
            <ZIPCode>27518</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ECHO MINISTRY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 102</AddressLine1>
            <City>ELKIN</City>
            <State>NC</State>
            <ZIPCode>28621</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PETER C ALDERMAN FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 278</AddressLine1>
            <City>BEDFORD</City>
            <State>NY</State>
            <ZIPCode>10506</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EDUCATION FOR ALL CHILDREN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>11 HEATHER DRIVE</AddressLine1>
            <City>RYE</City>
            <State>NH</State>
            <ZIPCode>03870</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOMELESS PRENATAL PROGRAM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2500 18TH STREET</AddressLine1>
            <City>SAN FRANCISCO</City>
            <State>CA</State>
            <ZIPCode>94110</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WAVES FOR WATER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 57285</AddressLine1>
            <City>SHERMAN OAKS</City>
            <State>CA</State>
            <ZIPCode>91413</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NY TIMES NEEDIEST CASES SANDY RELIEF</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4 CHASE METROTECH CENTER 7TH FLOOR</AddressLine1>
            <AddressLine2>EAST LOCKBOX 5193</AddressLine2>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11245</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>I-TRI</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 567</AddressLine1>
            <City>EAST HAMPTON</City>
            <State>NY</State>
            <ZIPCode>11937</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OUTDOOR OUTREACH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5275 MARKET STREET STE A</AddressLine1>
            <City>SAN DIEGO</City>
            <State>CA</State>
            <ZIPCode>92114</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>STOKES FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>654 BERGEN AVENUE</AddressLine1>
            <City>JERSEY CITY</City>
            <State>NJ</State>
            <ZIPCode>07304</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MARKET STUDIO KITCHEN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>C/O SALT CEDAR PRESS 2448 RIOPELLE</AddressLine1>
            <AddressLine2>STREET</AddressLine2>
            <City>DETROIT</City>
            <State>MI</State>
            <ZIPCode>48207</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FAIR CHANCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2001 S STREETNW SUITE 310</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OKLAHOMA CITY COMMUNITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1146</AddressLine1>
            <City>OKLAHOMA CITY</City>
            <State>OK</State>
            <ZIPCode>731011146</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>700 SOUTH DIXIE HIGHWAY SUITE 200</AddressLine1>
            <City>WEST PALM BEACH</City>
            <State>FL</State>
            <ZIPCode>33401</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501 (C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AFTEE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1665</AddressLine1>
            <City>SAG HARBAR</City>
            <State>NY</State>
            <ZIPCode>11963</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE USE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>99000</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <RelatedOrExemptFunctionIncome>42101</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <RelatedOrExemptFunctionIncome>-37284</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>0</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>4817</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>4817</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>4,8</LineNumber>
          <RelationshipStatement>INCOME DERIVED FROM INTEREST, DIVIDENDS, AND SALES OF SECURITIES IS USED TO PROVIDE GRANTS TO SELECTED ORGANZIATIONS.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>BRUCE BABCOCK</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>2210 BROOKFIELD DRIVE</AddressLine1>
          <City>WINSTON SALEM</City>
          <State>NC</State>
          <ZIPCode>27106</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>25000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>CHARLES BURROUGHS CHARITABLE LEAD T</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1400 DOMINION TOWER</AddressLine1>
          <City>NORFOLK</City>
          <State>VA</State>
          <ZIPCode>23510</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>8750</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>ACCOUNTING FEES</Category>
        <Amount>2250</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>2250</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DistributionFromCorpusElection documentId="RetDoc12000100084">
      <Election>PURSUANT TO CODE SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), STEPHENSON POPE BABCOCK FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEEDING TAX YEAR'S UNDISTIBUTED INCOME AS COMING FROM CORPUS.</Election>
    </DistributionFromCorpusElection>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorpBonds>
        <NameOfBond>JOHN DEERE CAP CORP</NameOfBond>
        <EOYBookValue>60000</EOYBookValue>
        <EOYFMV>60126</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MORGAN STANLEY 4.1%</NameOfBond>
        <EOYBookValue>73688</EOYBookValue>
        <EOYFMV>77702</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>STAPLES</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MERRILL LYNCH PFD</NameOfStock>
        <EOYBookValue>13428</EOYBookValue>
        <EOYFMV>16506</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>STAPLES</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BRIDGEHAMPTON NATIONAL BANK</NameOfStock>
        <EOYBookValue>23100</EOYBookValue>
        <EOYFMV>21500</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CATERPILLAR INC</NameOfStock>
        <EOYBookValue>33691</EOYBookValue>
        <EOYFMV>25020</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>TARGET CORP</NameOfStock>
        <EOYBookValue>77454</EOYBookValue>
        <EOYFMV>102368</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BRIDGEHAMPTON NATIONAL BANK</NameOfStock>
        <EOYBookValue>20041</EOYBookValue>
        <EOYFMV>39775</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>STAPLES INC</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CITIGROUP CAPITAL IX</NameOfStock>
        <EOYBookValue>109620</EOYBookValue>
        <EOYFMV>112725</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3M COMPANY</NameOfStock>
        <EOYBookValue>72347</EOYBookValue>
        <EOYFMV>107469</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EMERSON ELECTRIC</NameOfStock>
        <EOYBookValue>65093</EOYBookValue>
        <EOYFMV>103520</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BERKSHIRE HATHAWAY INC</NameOfStock>
        <EOYBookValue>82167</EOYBookValue>
        <EOYFMV>124861</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>LABORATORY AMER HLDGS</NameOfStock>
        <EOYBookValue>49102</EOYBookValue>
        <EOYFMV>69398</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CATERPILLAR INC</NameOfStock>
        <EOYBookValue>27572</EOYBookValue>
        <EOYFMV>25020</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>INTEL CORP</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MERRILL LYNCH CAP III PFD</NameOfStock>
        <EOYBookValue>49746</EOYBookValue>
        <EOYFMV>50400</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ALLERGAN INC</NameOfStock>
        <EOYBookValue>67643</EOYBookValue>
        <EOYFMV>72360</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>DUKE ENERGY</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>GENERAL ELECTRIC CO</NameOfStock>
        <EOYBookValue>78020</EOYBookValue>
        <EOYFMV>97949</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>GOOGLE INC</NameOfStock>
        <EOYBookValue>49101</EOYBookValue>
        <EOYFMV>70073</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>JOHNSON &amp; JOHNSON</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>KRAFT FOODS</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>NORFOLK SOUTHERN CORP</NameOfStock>
        <EOYBookValue>63807</EOYBookValue>
        <EOYFMV>77350</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SOUTHWESTERN ENERGY CO</NameOfStock>
        <EOYBookValue>53661</EOYBookValue>
        <EOYFMV>61846</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>APPLE COMPUTER</NameOfStock>
        <EOYBookValue>44730</EOYBookValue>
        <EOYFMV>47675</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FACTSET RESEARCH SYSTEMS</NameOfStock>
        <EOYBookValue>35704</EOYBookValue>
        <EOYFMV>43640</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>KRAFT FOODS GROUP INC</NameOfStock>
        <EOYBookValue>13865</EOYBookValue>
        <EOYFMV>17476</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MONDELEZ INTL INC</NameOfStock>
        <EOYBookValue>25673</EOYBookValue>
        <EOYFMV>31421</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>NESTLE SA</NameOfStock>
        <EOYBookValue>54022</EOYBookValue>
        <EOYFMV>55958</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SCHULUMBERGER</NameOfStock>
        <EOYBookValue>41236</EOYBookValue>
        <EOYFMV>53016</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>VODAFONE GROUP PLC</NameOfStock>
        <EOYBookValue>50760</EOYBookValue>
        <EOYFMV>70360</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>MEALS</Description>
        <RevenueAndExpensesPerBooks>1710</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>855</NetInvestmentIncome>
        <DisbursementsCharitablePrps>855</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreases>
        <Description>ROUNDING</Description>
        <Amount>3</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>EXCISE TAXES</Category>
        <Amount>4122</Amount>
        <NetInvestmentIncome>4122</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>