﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-05-16T12:40:46-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>DUNCAN SMITH &amp; STILZ PSC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>824 E EUCLID AVE STE 200</AddressLine1>
        <City>LEXINGTON</City>
        <State>KY</State>
        <ZIPCode>405021792</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>300262001</EIN>
      <Name>
        <BusinessNameLine1>WHITAKER FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>WHIT</NameControl>
      <Phone>8592995246</Phone>
      <USAddress>
        <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
        <City>LEXINGTON</City>
        <State>KY</State>
        <ZIPCode>40512</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JACK E WHITAKER</Name>
      <Title>Secretary</Title>
      <DateSigned>2012-05-16</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Stewart A Smith</Name>
      <Phone>8592682221</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="11000144" softwareVersion="2011v1.2">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>870046</FMVAssetsEOY>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>3750</ContriReceivedRevAndExpnss>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <DividendsRevAndExpnss>32937</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>32937</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>32937</DividendsAdjNetIncm>
        <NetGainSaleAssetsRevAndExpnss>-40179</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>166893</GrossSalesPrice>
        <TotalRevenueAndExpenses>-3492</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>32937</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>32937</TotalAdjustedNetIncome>
        <AccountingFeesRevAndExpnss referenceDocumentId="AccountingFeesSchedule">4575</AccountingFeesRevAndExpnss>
        <AccountingFeesDsbrsChrtblPrps>4575</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId="OtherProfessionalFeesSchedule">4179</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>4179</OtherProfFeesNetInvstIncm>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">15</OtherExpensesRevAndExpnss>
        <TotOprExpensesRevAndExpnss>8769</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>4179</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>4575</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>40334</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>40334</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>49103</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>4179</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>44909</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-52595</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>28758</NetInvestmentIncome>
        <AdjustedNetIncome>32937</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>45577</CashBOY>
        <CashEOY>4403</CashEOY>
        <CashEOYFMV>4403</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>9699</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>35538</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>35538</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>536154</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="InvestmentsCorpStockSchedule">436626</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>436626</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>206844</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="InvestmentsCorpBondsSchedule">194504</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>194504</InvestmentsCorpBondsEOYFMV>
        <InvestmentsOtherBOY>71128</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="InvestmentsOtherSchedule2">198975</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>198975</InvestmentsOtherEOYFMV>
        <TotalAssetsBOY>869402</TotalAssetsBOY>
        <TotalAssetsEOY>870046</TotalAssetsEOY>
        <TotalAssetsEOYFMV>870046</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>869402</UnrestrictedBOY>
        <UnrestrictedEOY>870046</UnrestrictedEOY>
        <TotalNetAssetsBOY>869402</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>870046</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>869402</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>870046</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>869402</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-52595</ExcessOfRevenueOverExpenses>
        <OtherIncreases referenceDocumentId="OtherIncreasesSchedule">53239</OtherIncreases>
        <Subtotal>870046</Subtotal>
        <TotalNetAssetsFundBalancesEOY>870046</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>288.18 SH ROYCE OPPORTUNITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-09-05</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>3594</GrossSalesPrice>
          <CostOrOtherBasis>3000</CostOrOtherBasis>
          <GainOrLoss>594</GainOrLoss>
          <GainsMinusExcessOrLosses>594</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>188.15 SH ROYCE OPPORTUNITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-06-24</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>2346</GrossSalesPrice>
          <CostOrOtherBasis>2000</CostOrOtherBasis>
          <GainOrLoss>346</GainOrLoss>
          <GainsMinusExcessOrLosses>346</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>466.85 SH ROYCE OPPORTUNITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-05-16</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>5822</GrossSalesPrice>
          <CostOrOtherBasis>5000</CostOrOtherBasis>
          <GainOrLoss>822</GainOrLoss>
          <GainsMinusExcessOrLosses>822</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>24.70 SH ROYCE OPPORTUNITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-03-06</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>308</GrossSalesPrice>
          <CostOrOtherBasis>245</CostOrOtherBasis>
          <GainOrLoss>63</GainOrLoss>
          <GainsMinusExcessOrLosses>63</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2269.00 SH REGIONS FINANCIAL</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1999-04-27</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>16495</GrossSalesPrice>
          <CostOrOtherBasis>69123</CostOrOtherBasis>
          <GainOrLoss>-52628</GainOrLoss>
          <GainsMinusExcessOrLosses>-52628</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>229.00 SH MONSANTO</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2002-06-27</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>15867</GrossSalesPrice>
          <CostOrOtherBasis>6748</CostOrOtherBasis>
          <GainOrLoss>9119</GainOrLoss>
          <GainsMinusExcessOrLosses>9119</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>4.00 SH KINDER MORGAN MANAGEMENT</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-08-15</DateAcquired>
          <DateSold>2011-01-03</DateSold>
          <GrossSalesPrice>269</GrossSalesPrice>
          <GainOrLoss>269</GainOrLoss>
          <GainsMinusExcessOrLosses>269</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>50000.00 SH GOLDMAN SACHS BOND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-07-29</DateAcquired>
          <DateSold>2011-01-15</DateSold>
          <GrossSalesPrice>50000</GrossSalesPrice>
          <CostOrOtherBasis>50073</CostOrOtherBasis>
          <GainOrLoss>-73</GainOrLoss>
          <GainsMinusExcessOrLosses>-73</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>150.00 SH DIAGEO PLC ADR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-08-21</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>11713</GrossSalesPrice>
          <CostOrOtherBasis>11079</CostOrOtherBasis>
          <GainOrLoss>634</GainOrLoss>
          <GainsMinusExcessOrLosses>634</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>350.00 SH CINTAS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-04-03</DateAcquired>
          <DateSold>2011-04-13</DateSold>
          <GrossSalesPrice>10479</GrossSalesPrice>
          <CostOrOtherBasis>9804</CostOrOtherBasis>
          <GainOrLoss>675</GainOrLoss>
          <GainsMinusExcessOrLosses>675</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>50000.00 SH CATERPILLAR FINANCIAL BOND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-05-15</DateAcquired>
          <DateSold>2011-05-15</DateSold>
          <GrossSalesPrice>50000</GrossSalesPrice>
          <CostOrOtherBasis>50000</CostOrOtherBasis>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>-40179</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>66609</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>797027</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.08357</DistributionRatioYear1>
        <QualifyingDistributionsYear2>79487</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>721500</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.11017</DistributionRatioYear2>
        <QualifyingDistributionsYear3>69866</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>934662</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.07475</DistributionRatioYear3>
        <QualifyingDistributionsYear4>58975</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>1055552</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.05587</DistributionRatioYear4>
        <QualifyingDistributionsYear5>74610</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>1012921</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.07366</DistributionRatioYear5>
        <TotalDistributionRatio>0.39802</TotalDistributionRatio>
        <AverageDistributionRatio>0.07960</AverageDistributionRatio>
        <NetNoncharitableAssets>835791</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>66532</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>288</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>66820</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>44909</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>575</InvestmentIncomeExciseTax>
        <Subtotal>575</Subtotal>
        <TaxBasedOnInvestmentIncome>575</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>229</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>229</TotalCreditsAndPayments>
        <Form2220Attached referenceDocumentId="IRS2220">X</Form2220Attached>
        <PenaltyForUnderpayment>1</PenaltyForUnderpayment>
        <TaxDue>347</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors referenceDocumentId="SubstantialContributorsSchedul">true</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>ELMER WHITAKER</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8592995246</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
          <City>LEXINGTON</City>
          <State>KY</State>
          <ZIPCode>405124037</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>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>WALLACE WARFIELD</PersonName>
          <USAddress>
            <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>405124037</ZIPCode>
          </USAddress>
          <Title>Treasurer</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JACK E WHITAKER</PersonName>
          <USAddress>
            <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>405124037</ZIPCode>
          </USAddress>
          <Title>Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>BEVERLY R WHITAKER</PersonName>
          <USAddress>
            <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>405124037</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ELMER WHITAKER</PersonName>
          <USAddress>
            <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>405124037</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>819783</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>28736</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>848519</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>848519</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>12728</CashDeemedCharitable>
        <NetNoncharitableAssets>835791</NetNoncharitableAssets>
        <MinimumInvestmentReturn>41790</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>41790</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>575</TaxBasedOnInvestmentIncome>
        <TotalTax>575</TotalTax>
        <DistributableAmountBeforeAdj>41215</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>41215</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>41215</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>44909</ExpensesAndContributions>
        <QualifyingDistributions>44909</QualifyingDistributions>
        <AdjQualifyingDistributions>44909</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>41215</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>24694</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>6968</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>24509</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>43946</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>27390</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>127507</TotalExcessDistriCarryover>
        <QualifyingDistributions>44909</QualifyingDistributions>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>41215</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>3694</RemainingDistriFromCorpus>
        <TotalCorpus>131201</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>24694</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>106507</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>6968</ExcessFromYear4>
        <ExcessFromYear3>24509</ExcessFromYear3>
        <ExcessFromYear2>43946</ExcessFromYear2>
        <ExcessFromYear1>27390</ExcessFromYear1>
        <ExcessFromCurrentYear>3694</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>ELMER WHITAKER</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>AMERICAN INDIAN EDUCATION FOUNDATIO</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>POB 27491</AddressLine1>
            <City>ALBUQUERQUE</City>
            <State>NM</State>
            <ZIPCode>87125</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF FOUNDATION PROGRAM</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>THE SHEPHERDS HOUSE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>154 BONNIE BRAE DRIVE</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40508</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF RECOVERY CENTER</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SCOTT ROSE FOUNDATION</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>POB 5001</AddressLine1>
            <City>LONDON</City>
            <State>KY</State>
            <ZIPCode>40745</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF FOUNDATION PROGRAMS</PurposeOfGrantOrContribution>
          <Amount>200</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>UNIVERSITY OF KY DEPART OF MINING E</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1 DEVELOPMENT BUILDING</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40506</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE UNIVERSITY DEPARTMENT</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BUCKHORN CREEK MENNONITE CHURCH</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2600 BETHEL CHURCH ROAD</AddressLine1>
            <City>CLAYHOLE</City>
            <State>KY</State>
            <ZIPCode>41721</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF CHURCH PROGRAMS</PurposeOfGrantOrContribution>
          <Amount>3500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>FRATERNAL ORDER OF POLICE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>224 NORTH MARTIN LUTHER KING BLVD</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40507</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF PROGRAM FOR SUPPORTING LAW ENFORCEMENT OFFICERS AND THE COMMUNITY SERVED.</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BOY SCOUTS OF AMERICA</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>3473 YORKSHIRE MEDICAL PARK</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40509</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF PROGRAM FOR MENTAL AND PHYSICAL DEVELOPMENT OF YOUNG MEN.</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>LEXINGTON RESCUE MISSION</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>POB 1050</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40588</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF RECOVERY CENTER</PurposeOfGrantOrContribution>
          <Amount>105</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SOUTHWEST INDIAN RELIEF COUNCI</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>POB 16777</AddressLine1>
            <City>MESA</City>
            <State>AZ</State>
            <ZIPCode>85211</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF NONPROFIT PROGRAM FOR NATIONAL RELIEF CHARITIES</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>GALILEAN CHILDRENS HOME</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>POB 880</AddressLine1>
            <City>LIBERTY</City>
            <State>KY</State>
            <ZIPCode>42539</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF CHILDREN'S HOME &amp; SCHOOL</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CUMBERLAND COLLEGE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>6191 COLLEGE STATION DR</AddressLine1>
            <City>WILLIAMSBURG</City>
            <State>KY</State>
            <ZIPCode>40769</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF COLLEGE</PurposeOfGrantOrContribution>
          <Amount>14000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SALVATION ARMY</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>736 WEST MAIN ST</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40508</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT TO THE HOMELESS</PurposeOfGrantOrContribution>
          <Amount>12229</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>HOPE CENTER</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>360 WEST LOUDON AVE</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40592</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF RECOVERY CENTER</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ST JOSEPH HOSPITAL FOUNDATION</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>ONE SAINT JOSEPH DR</AddressLine1>
            <City>LEXINGTON</City>
            <State>KY</State>
            <ZIPCode>40504</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF PATIENTS &amp; THEIR FAMILIES</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BUCKHORN CHILDRENS FOUNDATION</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>116 BUCKHORN LANE</AddressLine1>
            <City>BUCKHORN</City>
            <State>KY</State>
            <ZIPCode>41721</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>PUBLIC</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF CHILD WELFARE AGENCY</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>40334</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>32937</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <RelatedOrExemptFunctionIncome>-40179</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>32937</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>-40179</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>-7242</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>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <AccountingFees>
        <Category>Duncan, Smith &amp; Stilz, PSC</Category>
        <Amount>4575</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>4575</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS BOND</NameOfBond>
        <EOYBookValue>39170</EOYBookValue>
        <EOYFMV>39170</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GENERAL ELECTRIC CAPITAL</NameOfBond>
        <EOYBookValue>51173</EOYBookValue>
        <EOYFMV>51173</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>PROTECTIVE LIFE SECONDARY BOND</NameOfBond>
        <EOYBookValue>51163</EOYBookValue>
        <EOYFMV>51163</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS BOND</NameOfBond>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>FIFTH THIRD BANK BOND</NameOfBond>
        <EOYBookValue>52998</EOYBookValue>
        <EOYFMV>52998</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CATERPILLAR FIN SERVICES BOND</NameOfBond>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <InvestmentsCorpStock>
        <NameOfStock>ABBOTT LABS</NameOfStock>
        <EOYBookValue>22492</EOYBookValue>
        <EOYFMV>22492</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SPECTRA ENERGY</NameOfStock>
        <EOYBookValue>18450</EOYBookValue>
        <EOYFMV>18450</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RAYONIER INC</NameOfStock>
        <EOYBookValue>20084</EOYBookValue>
        <EOYFMV>20084</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PROCTOR &amp; GAMBLE</NameOfStock>
        <EOYBookValue>20013</EOYBookValue>
        <EOYFMV>20013</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PAYCHEX INC</NameOfStock>
        <EOYBookValue>18066</EOYBookValue>
        <EOYFMV>18066</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EXELON CORP</NameOfStock>
        <EOYBookValue>26022</EOYBookValue>
        <EOYFMV>26022</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SYSCO</NameOfStock>
        <EOYBookValue>11732</EOYBookValue>
        <EOYFMV>11732</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>NOVARTIS AG ADR</NameOfStock>
        <EOYBookValue>17151</EOYBookValue>
        <EOYFMV>17151</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MMM COMPANY</NameOfStock>
        <EOYBookValue>12260</EOYBookValue>
        <EOYFMV>12260</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>LOWES COMPANIES</NameOfStock>
        <EOYBookValue>10152</EOYBookValue>
        <EOYFMV>10152</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>JOHNSON &amp; JOHNSON</NameOfStock>
        <EOYBookValue>32790</EOYBookValue>
        <EOYFMV>32790</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>DIAGEO PLC SPONSORED ADR</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CINTAS CORP</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>AMERICAN EXPRESS</NameOfStock>
        <EOYBookValue>9434</EOYBookValue>
        <EOYFMV>9434</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>WAL-MART STORES, INC.</NameOfStock>
        <EOYBookValue>29402</EOYBookValue>
        <EOYFMV>29402</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>REGIONS FINANCIAL CORP</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PFIZER, INC.</NameOfStock>
        <EOYBookValue>30599</EOYBookValue>
        <EOYFMV>30599</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MONSANTO COMPANY</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MERCK &amp; COMPANY, INC.</NameOfStock>
        <EOYBookValue>28275</EOYBookValue>
        <EOYFMV>28275</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>GENERAL ELECTRIC COMPANY</NameOfStock>
        <EOYBookValue>24107</EOYBookValue>
        <EOYFMV>24107</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EXXON MOBIL CORP</NameOfStock>
        <EOYBookValue>67808</EOYBookValue>
        <EOYFMV>67808</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CITIGROUP, INC.</NameOfStock>
        <EOYBookValue>4525</EOYBookValue>
        <EOYFMV>4525</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>AT&amp;T, INC.</NameOfStock>
        <EOYBookValue>33264</EOYBookValue>
        <EOYFMV>33264</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="11000144" softwareVersion="2011v1.2">
      <InvestmentsOther>
        <CategoryOrItem>FIDELITY REAL ESTATE INCOME</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>4785</BookValue>
        <EOYFMV>4785</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ISHARES TR S &amp; P US PREFERED</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>14248</BookValue>
        <EOYFMV>14248</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>HARBOR REAL RETURN</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>15253</BookValue>
        <EOYFMV>15253</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>FIDELITY FLOATING RATE HI INCOME</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>19927</BookValue>
        <EOYFMV>19927</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>VANGUARD REIT INDEX</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>6857</BookValue>
        <EOYFMV>6857</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>THIRD AVENUE REIT VALUE</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>9303</BookValue>
        <EOYFMV>9303</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>T ROWE PRICE MID CAP VALUE</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>14880</BookValue>
        <EOYFMV>14880</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ROYCE OPPORTUNITY</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>T ROWE PRICE EMERGING MARKETS</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>8282</BookValue>
        <EOYFMV>8282</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>T ROWE PRICE INTL DISCOVERY</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>6932</BookValue>
        <EOYFMV>6932</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>KINDER MORGAN MANAGEMENT LLC</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>FIDELITY DIVERSIFIED INTERNATIONAL</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>9154</BookValue>
        <EOYFMV>9154</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>DODGE &amp; COX INTERNATIONAL</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>12573</BookValue>
        <EOYFMV>12573</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>BUFFALO SMALL CAP</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>11940</BookValue>
        <EOYFMV>11940</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>COLUMBIA ACORN Z</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>15015</BookValue>
        <EOYFMV>15015</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>VANGUARD HIGH YIELD CORPORATE</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>24793</BookValue>
        <EOYFMV>24793</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>T ROWE PRICE HIGH YIELD</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>25033</BookValue>
        <EOYFMV>25033</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherExpenses>
        <Description>CORP FILING FEE</Description>
        <RevenueAndExpensesPerBooks>15</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherIncreases>
        <Description>INVESTMENTS INCREASE IN VALUE</Description>
        <Amount>53239</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherProfessionalFees>
        <Category>Kentucky Trust Company</Category>
        <Amount>4179</Amount>
        <NetInvestmentIncome>4179</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubstantialContributorsSchedul" softwareId="11000144" softwareVersion="2011v1.2">
      <SubstantialContributor>
        <PersonName>JACK E WHITAKER</PersonName>
        <USAddress>
          <AddressLine1>2750 PARIS PIKE</AddressLine1>
          <City>LEXINGTON</City>
          <State>KY</State>
          <ZIPCode>40505</ZIPCode>
        </USAddress>
      </SubstantialContributor>
      <SubstantialContributor>
        <PersonName>ELMER WHITAKER</PersonName>
        <USAddress>
          <AddressLine1>2750 PARIS PIKE</AddressLine1>
          <City>LEXINGTON</City>
          <State>KY</State>
          <ZIPCode>40505</ZIPCode>
        </USAddress>
      </SubstantialContributor>
      <SubstantialContributor>
        <PersonName>ELMER WHITAKER REVOCABLE TRUST</PersonName>
        <USAddress>
          <AddressLine1>POB 14037 2937 PARIS PIKE</AddressLine1>
          <City>LEXINGTON</City>
          <State>KY</State>
          <ZIPCode>405124037</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
  </ReturnData>
</Return>