2013-07-08T02:28:07-00:00 2012-12-31 Foundation Source One Hollow Lane Suite 212 Lake Success NY 11042 990PF 2012-01-01 208383433 Bill and Faye Stallings Family Foundation BILL 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Melissa L Goodson 2013-07-08 true Jeffrey D Haskell 8008391754 2013-07-08 2012 2016-02-25 16:41:14Z X 107436 X 1120000 6 6 2482 2482 0 1122488 2488 5716 120 5596 5716 120 5596 1274750 1274750 1280466 120 1280346 -157978 2368 170360 12382 12382 96038 96038 95054 266398 108420 107436 0 X 266398 108420 266398 108420 266398 108420 266398 -157978 108420 108420 false 119631 126203 000.947925 107088 205705 000.520590 101134 260033 000.388928 44922 260299 000.172578 104549 141252 000.740159 002.770180 000.554036 151159 83748 24 83772 1280346 X 24 24 24 151 151 151 127 100 27 false false false false false false true true true true false false false false true co Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false Melissa L Goodson Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 Faye Stallings Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 G Blake Stallings Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 Jeffrey S Stallings Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 K Clark Stallings Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 William R Stallings Jr Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 98842 54619 0 153461 153461 2302 151159 7558 7558 24 24 7534 7534 7534 1280346 1280346 24 1280322 7534 100031 32913 88455 96899 113877 432175 1280346 7534 1272812 1704987 0 100031 1604956 32913 88455 96899 113877 1272812 NONE X CPT CHRISTOPHER CASH MEMORIAL FDN OF NC 508 HOLLAND MILL LN STELLA NC 28582 N/A 509a1 General Unrestricted 250 HOPE OF GLORY MINISTRIES INC PO BOX 2038 GREENVILLE NC 27836 N/A 509a2 General Unrestricted 60000 LITTLE LEAGUE BASEBALL INC 301 BAYTREE DR GREENVILLE NC 27858 N/A 509a1 General Unrestricted 1189000 MOBILE MEDICAL DISASTER RELIEF INC 5409 MARYLAND WAY STE 119 BRENTWOOD TN 37027 N/A 509a1 Haiti Hospital 25000 SANDRAS TONS OF LOVE LTD 100 ALLENDALE DR GREENVILLE NC 27834 N/A 509a2 General Unrestricted 500 1274750 14 6 14 2482 2488 2488 false false false false false false false false false false X X 1 Marion Faye Stallings Living Trust Stallings Grp 1645 E Arlington Blvd Greenville NC 27858 1120000 X 3265 shares of BBT CP 96038 95054 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, 2012, Bill and Faye Stallings Family Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 1,274,750. This amount represents over 25 of the Foundations net assets of 252,549 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. 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. Administrative Fees 5571 5571 Bank Charges 120 120 State or Local Filing Fees 25 25