﻿<?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="2010v3.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-13T15:32:57-00:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Foundation Source</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>55 Walls Drive</AddressLine1>
        <City>Fairfield</City>
        <State>CT</State>
        <ZIPCode>06824</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>200858719</EIN>
      <Name>
        <BusinessNameLine1>The Markwalter Family Foundation Inc</BusinessNameLine1>
      </Name>
      <NameControl>MARK</NameControl>
      <Phone>4042331428</Phone>
      <USAddress>
        <AddressLine1>555 Argone Drive</AddressLine1>
        <City>Atlanta</City>
        <State>GA</State>
        <ZIPCode>30305</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>John S Markwalter Jr</Name>
      <Title>President</Title>
      <DateSigned>2011-05-13</DateSigned>
      <AuthorizeThirdParty>false</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2011-05-13</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF referenceDocumentId="990PF:150" documentId="990PF" softwareId="10000149" softwareVersion="2010.2.15">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>23361</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>86360</ContriReceivedRevAndExpnss>
        <DividendsRevAndExpnss>82</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>82</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="990PF:72">-141</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>46219</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>23359</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="990PF:74">940</OtherIncomeRevAndExpnss>
        <TotalRevenueAndExpenses>87241</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>23441</TotalNetInvestmentIncome>
        <TaxesRevAndExpnss referenceDocumentId="990PF:78">104</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="990PF:79">4746</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>38</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>4708</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>4850</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>38</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>4708</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>80000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>80000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>84850</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>38</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>84708</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>2391</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>23403</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>11851</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>14242</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>14242</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>21490</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="990PF:89">21490</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>9119</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>33341</TotalAssetsBOY>
        <TotalAssetsEOY>35732</TotalAssetsEOY>
        <TotalAssetsEOYFMV>23361</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>33341</RetainedEarningsBOY>
        <RetainedEarningsEOY>35732</RetainedEarningsEOY>
        <TotalNetAssetsBOY>33341</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>35732</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>33341</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>35732</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>33341</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>2391</ExcessOfRevenueOverExpenses>
        <Subtotal>35732</Subtotal>
        <TotalNetAssetsFundBalancesEOY>35732</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Publicly-traded Securities</DescriptionOfAsset>
          <GrossSalesPrice>46219</GrossSalesPrice>
          <CostOrOtherBasis>22860</CostOrOtherBasis>
          <GainOrLoss>23359</GainOrLoss>
          <GainsMinusExcessOrLosses>23359</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>23359</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>36104</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>15276</NoncharitableAssetsYear1>
        <DistributionRatioYear1>002.363446</DistributionRatioYear1>
        <QualifyingDistributionsYear2>65637</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>19284</NoncharitableAssetsYear2>
        <DistributionRatioYear2>003.403703</DistributionRatioYear2>
        <QualifyingDistributionsYear3>46093</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>20160</NoncharitableAssetsYear3>
        <DistributionRatioYear3>002.286359</DistributionRatioYear3>
        <QualifyingDistributionsYear4>80566</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>13042</NoncharitableAssetsYear4>
        <DistributionRatioYear4>006.177427</DistributionRatioYear4>
        <TotalDistributionRatio>014.230935</TotalDistributionRatio>
        <AverageDistributionRatio>002.846187</AverageDistributionRatio>
        <NetNoncharitableAssets>19185</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>54604</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>234</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>54838</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>84708</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>234</InvestmentIncomeExciseTax>
        <Subtotal>234</Subtotal>
        <TaxBasedOnInvestmentIncome>234</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>5</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>5</TotalCreditsAndPayments>
        <TaxPaidOriginalReturn>5</TaxPaidOriginalReturn>
        <TaxDue>229</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>true</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>co Foundation Source</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8008391754</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>501 Silverside Road Suite 123</AddressLine1>
          <City>Wilmington</City>
          <State>DE</State>
          <ZIPCode>198091377</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>true</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Juanita Markwalter</PersonName>
          <USAddress>
            <AddressLine1>555 Argone Drive</AddressLine1>
            <City>Atlanta</City>
            <State>GA</State>
            <ZIPCode>30305</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>John S Markwalter Jr</PersonName>
          <USAddress>
            <AddressLine1>555 Argone Drive</AddressLine1>
            <City>Atlanta</City>
            <State>GA</State>
            <ZIPCode>30305</ZIPCode>
          </USAddress>
          <Title>President / Director / Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>8556</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>10921</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>19477</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>19477</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:240">292</CashDeemedCharitable>
        <NetNoncharitableAssets>19185</NetNoncharitableAssets>
        <MinimumInvestmentReturn>959</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>959</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>234</TaxBasedOnInvestmentIncome>
        <TotalTax>234</TotalTax>
        <DistributableAmountBeforeAdj>725</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>725</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>725</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions referenceDocumentId="990PF:241">84708</ExpensesAndContributions>
        <QualifyingDistributions>84708</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>234</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>84474</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>725</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear4>80816</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>45393</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>64683</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>35539</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>226431</TotalExcessDistriCarryover>
        <QualifyingDistributions>84708</QualifyingDistributions>
        <AppliedToCurrentYear>725</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>83983</RemainingDistriFromCorpus>
        <TotalCorpus>310414</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>310414</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>80816</ExcessFromYear4>
        <ExcessFromYear3>45393</ExcessFromYear3>
        <ExcessFromYear2>64683</ExcessFromYear2>
        <ExcessFromYear1>35539</ExcessFromYear1>
        <ExcessFromCurrentYear>83983</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>John S Markwalter Jr</ContributingManager>
        <ContributingManager>Juanita Markwalter</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ATLANTA BOTANICAL GARDEN INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1345 PIEDMONT AVE NE</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30309</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ATLANTA HISTORICAL SOCIETY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>130 W PACES FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30305</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BIG BROTHERS BIG SISTERS - METRO AT</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 EDGEWOOD AVE NE STE 710</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30303</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BUCKHEAD BASEBALL INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2903 RIVERMEADE DR NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Rookie Cubs Team Sponsorship Division</PurposeOfGrantOrContribution>
          <Amount>300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHASTAIN HORSE PARK LTD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4371 POWERS FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>New Riding Arena Construction Fund</PurposeOfGrantOrContribution>
          <Amount>1250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHASTAIN PARK CONSERVANCY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4001 POWERS FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30342</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EMORY UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1762 CLIFTON RD NE PLZ 1000</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30322</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Viretta Brady Discovery Fund</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FERNBANK INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>767 CLIFTON RD NE</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30307</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GEORGIA TECH ATHLETIC ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>150 BOBBY DODD WAY NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30332</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Alexander-Tharpe Fund for Football Coaches</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GEORGIA TECH FOUNDATION INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>760 SPRING ST NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30308</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>63rd Annual Roll Call Fund</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HARVARD BUSINESS SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>TEELE HALL SOLDIERS FIELD</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02163</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>MBA 1986 HBS Deans Fund</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HINRI LABS INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>641 LORIDANS DR NE</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30342</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IT WONT HAPPEN TO ME</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2645 YOUTH MONROE RD</AddressLine1>
            <City>MONROE</City>
            <State>GA</State>
            <ZIPCode>30655</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(2)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MARIST SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3790 ASHFORD-DUNWOODY RDNE</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30319</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>2010-2011 Annual Fund</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MARIST SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3790 ASHFORD-DUNWOODY RDNE</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30319</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Parent Annual Fund</PurposeOfGrantOrContribution>
          <Amount>13000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL PARKS CONSERVATION ASSOCIA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1300 19TH ST NW STE 300</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PACE ACADEMY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>966 W PACES FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>2009-2010 Annual Fund</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PACE ACADEMY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>966 W PACES FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PACE ACADEMY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>966 W PACES FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>50</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PACE ACADEMY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>966 W PACES FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Shine Campaign</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PACE ACADEMY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>966 W PACES FERRY RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30327</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Shine Capital Campaign</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PIEDMONT HOSPITAL INCORPORATED</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1968 PEACHTREE RD NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30309</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Piedmont Brain Tumor Program - Brainstorm</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>REISTERSTOWN VOLUNTEER FIRE CO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>108 MAIN ST</AddressLine1>
            <City>REISTERSTOWN</City>
            <State>MD</State>
            <ZIPCode>21136</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOUTHEASTERN HORTICULTURAL SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1705 COMMERCE DR NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30318</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>80000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>82</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-141</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>Federal Tax Refund</Description>
          <ExclusionCode>01</ExclusionCode>
          <ExclusionAmount>940</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>881</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>881</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="990B" softwareId="10000149" softwareVersion="2010.2.15">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>0001</ContributorNumber>
        <ContributorNameIndividual>Markwalter Jr John S</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>555 Argonne Drive</AddressLine1>
          <City>Atlanta</City>
          <State>GA</State>
          <ZIPCode>30305</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>86360</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>0001</ContributorNumberFromPartI>
        <NoncashPropertyDescription>INVESCO PLC</NoncashPropertyDescription>
        <FairMarketValue>46360</FairMarketValue>
        <DateReceived>2010-12-09</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <GeneralExplanationAttachment documentId="990PF:150" softwareId="10000149" softwareVersion="2010.2.15"></GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="990PF:89" softwareId="10000149" softwareVersion="2010.2.15">
      <InvestmentsCorpStock>
        <NameOfStock>125 shares of DISCOVER FINL SVCS COM DFS</NameOfStock>
        <EOYBookValue>3591</EOYBookValue>
        <EOYFMV>2316</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>250 shares of MORGAN STANLEY MS</NameOfStock>
        <EOYBookValue>17899</EOYBookValue>
        <EOYFMV>6803</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LiquidationExplanationStmt documentId="990PF:238" softwareId="10000149" softwareVersion="2010.2.15">
      <Statement>This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2010, The Markwalter Family Foundation Inc. the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 80,000. This amount represents over 25 of the Foundations net assets of 21,090 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2010. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.</Statement>
    </LiquidationExplanationStmt>
    <OtherExpensesSchedule documentId="990PF:79" softwareId="10000149" softwareVersion="2010.2.15">
      <OtherExpenses>
        <Description>Amortization See attached statement</Description>
        <RevenueAndExpensesPerBooks>4683</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>4683</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Bank Charges</Description>
        <RevenueAndExpensesPerBooks>38</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>38</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="990PF:74" softwareId="10000149" softwareVersion="2010.2.15">
      <OtherIncome>
        <Description>2008 990 PF- Federal Tax Refund</Description>
        <RevenueAndExpensesPerBooks>940</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="990PF:78" softwareId="10000149" softwareVersion="2010.2.15">
      <Taxes>
        <Category>IRS Excise Tax Payment with 1st ext 990PF</Category>
        <Amount>104</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>