﻿<?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">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-05-08T08:46:07-05:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>DONAHUE AND ASSOCIATES</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>299 CONCORD AVE</AddressLine1>
        <City>CAMBRIDGE</City>
        <State>MA</State>
        <ZIPCode>021381207</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>043368096</EIN>
      <Name>
        <BusinessNameLine1>DONAHUE CHARITABLE FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>DONA</NameControl>
      <Phone>7043381790</Phone>
      <USAddress>
        <AddressLine1>3000 SOMERSET DRIVE</AddressLine1>
        <City>CHARLOTTE</City>
        <State>NC</State>
        <ZIPCode>28209</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>MICHELE DUDLEY</Name>
      <Title>OPERATIONS MANAGER</Title>
      <Phone>7043381790</Phone>
      <DateSigned>2012-05-07</DateSigned>
    </Officer>
    <Preparer>
      <DatePrepared>2012-05-07</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="10">
    <IRS990PF documentId="RetDoc2">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>847726</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>108180</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>708</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>708</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>708</InterestOnSavingsAdjNetIncm>
        <DividendsRevAndExpnss>7558</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>7558</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>7558</DividendsAdjNetIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="RetDoc4">21658</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>73048</GrossSalesPrice>
        <OtherIncomeRevAndExpnss referenceDocumentId="RetDoc8">876</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>876</OtherIncomeNetInvstIncm>
        <OtherIncomeAdjNetIncm>876</OtherIncomeAdjNetIncm>
        <TotalRevenueAndExpenses>138980</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>9142</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>9142</TotalAdjustedNetIncome>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc10">202</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc6">1653</OtherExpensesRevAndExpnss>
        <OtherExpensesDsbrsChrtblPrps>4321</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>1855</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>4321</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>44050</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>44050</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>45905</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>48371</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>93075</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>9142</NetInvestmentIncome>
        <AdjustedNetIncome>9142</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>11485</CashBOY>
        <CashEOY>5291</CashEOY>
        <CashEOYFMV>5291</CashEOYFMV>
        <InvestmentsCorpStockBOY>643416</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc5">747148</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>842435</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>654901</TotalAssetsBOY>
        <TotalAssetsEOY>752439</TotalAssetsEOY>
        <TotalAssetsEOYFMV>847726</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>654901</UnrestrictedBOY>
        <UnrestrictedEOY>752439</UnrestrictedEOY>
        <TotalNetAssetsBOY>654901</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>752439</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>654901</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>752439</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>654901</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>93075</ExcessOfRevenueOverExpenses>
        <OtherIncreases referenceDocumentId="RetDoc7">4463</OtherIncreases>
        <Subtotal>752439</Subtotal>
        <TotalNetAssetsFundBalancesEOY>752439</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>43062</QualifyingDistributionsYear1>
        <QualifyingDistributionsYear2>47192</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>469837</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.100443</DistributionRatioYear2>
        <QualifyingDistributionsYear3>58675</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>599570</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.097862</DistributionRatioYear3>
        <QualifyingDistributionsYear4>35160</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>628525</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.055940</DistributionRatioYear4>
        <QualifyingDistributionsYear5>28138</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>573041</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.049103</DistributionRatioYear5>
        <TotalDistributionRatio>0.303348</TotalDistributionRatio>
        <AverageDistributionRatio>0.075837</AverageDistributionRatio>
        <NetNoncharitableAssets>808508</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>61315</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>91</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>61406</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>48371</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>183</InvestmentIncomeExciseTax>
        <Subtotal>183</Subtotal>
        <TaxBasedOnInvestmentIncome>183</TaxBasedOnInvestmentIncome>
        <TaxDue>183</TaxDue>
        <AmountCreditedToNextYear>0</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors referenceDocumentId="RetDoc9">true</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>MICHELE DUDLEY</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>7043381790</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>3000 SOMERSET DRIVE</AddressLine1>
          <City>CHARLOTTE</City>
          <State>NC</State>
          <ZIPCode>28209</ZIPCode>
        </BooksInCareOfUSAddress>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <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>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">EDWARD C DONAHUE</PersonName>
          <USAddress>
            <AddressLine1>158 WATSON ROAD</AddressLine1>
            <City>BELMONT</City>
            <State>MA</State>
            <ZIPCode>02478</ZIPCode>
          </USAddress>
          <Title>MANAGER</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">THERESA D DONAHUE</PersonName>
          <USAddress>
            <AddressLine1>158 WATSON ROAD</AddressLine1>
            <City>BELMONT</City>
            <State>MA</State>
            <ZIPCode>02478</ZIPCode>
          </USAddress>
          <Title>MANAGER</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">MICHELE L DUDLEY</PersonName>
          <USAddress>
            <AddressLine1>3000 SOMERSET DRIVE</AddressLine1>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28209</ZIPCode>
          </USAddress>
          <Title>MANAGER</Title>
          <AvgHoursPerWkDevotedToPosition>3.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>ALARM, INC. - CONSTRUCTION OF DORMITORY FOR GIRLS SCHOOL IN RWANDA AND CONTRIBUTION TO GENERAL FUND OF ALARM TO SUPPORT AFRICAN STAFF.</Description1>
        <Expenses1>17050</Expenses1>
        <Description2>SUPPORT OF SCHOOL IN RWANDA AND OPERATING EXPENSES THROUGH SEEDS OF HOPE</Description2>
        <Expenses2>8200</Expenses2>
        <Description3>FOREST HILL CHURCH FOR MISSION WORK IN AFRICA</Description3>
        <Expenses3>3000</Expenses3>
        <Description4>WORLD CONCERN FOR FAMIME RELIEF IN SOMALIA</Description4>
        <Expenses4>3000</Expenses4>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>811831</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>8989</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>820820</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>820820</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>12312</CashDeemedCharitable>
        <NetNoncharitableAssets>808508</NetNoncharitableAssets>
        <MinimumInvestmentReturn>40425</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>40425</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>183</TaxBasedOnInvestmentIncome>
        <TotalTax>183</TotalTax>
        <DistributableAmountBeforeAdj>40242</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>40242</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>40242</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>48371</ExpensesAndContributions>
        <QualifyingDistributions>48371</QualifyingDistributions>
        <AdjQualifyingDistributions>48371</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>40242</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear4>4430</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>29208</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>23888</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>43202</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>100728</TotalExcessDistriCarryover>
        <QualifyingDistributions>48371</QualifyingDistributions>
        <AppliedToCurrentYear>40242</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>8129</RemainingDistriFromCorpus>
        <TotalCorpus>108857</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>108857</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>4430</ExcessFromYear4>
        <ExcessFromYear3>29208</ExcessFromYear3>
        <ExcessFromYear2>23888</ExcessFromYear2>
        <ExcessFromYear1>43202</ExcessFromYear1>
        <ExcessFromCurrentYear>8129</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>EDWARD DONAHUE</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>MISSIONARIES OF CHARITIES</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>335 EAST 145TH ST</AddressLine1>
            <AddressLine2>335 E 145TH ST</AddressLine2>
            <City>BRONX</City>
            <State>NY</State>
            <ZIPCode>10451</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ORPHANAGE IN ROMANIA</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CHARLOTTE PREGANACY</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1505 E 4TH STREET</AddressLine1>
            <AddressLine2>1505 EAST 4TH STREET</AddressLine2>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CRISIS PREGNANCIES</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ALEXANDER YOUTH NETWORK</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>6220 THERMAL RD</AddressLine1>
            <AddressLine2>6220 THERMAL ROAD</AddressLine2>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28211</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>YOUTH MENTAL HEALTH</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>COMPASSION INTL</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX</AddressLine1>
            <AddressLine2>P O BOX</AddressLine2>
            <City>COLORADO SPRINGS</City>
            <State>CO</State>
            <ZIPCode>80997</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPONSORSHIP OF CHILDREN</PurposeOfGrantOrContribution>
          <Amount>1800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SEEDS OF HOPE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1713 CLEVELAND AVE</AddressLine1>
            <AddressLine2>1713 CLEVELAND AVE</AddressLine2>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28203</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHURCH REBUILDING IN SUDAN</PurposeOfGrantOrContribution>
          <Amount>8200</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>FOREST HILL CHURCH</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>7224 PARK ROAD</AddressLine1>
            <AddressLine2>7224 PARK ROAD</AddressLine2>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28210</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>MISSION TRIP</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>WORLD CONCERN</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>19303 FREEMONT AVE NORTH</AddressLine1>
            <AddressLine2>19303 FREEMONT AVE NORTH</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98133</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FAMINE RELIEF</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ALARM</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 740337</AddressLine1>
            <AddressLine2>PO BOX 740337</AddressLine2>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75374</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>RECONCILIATION IN AFRICA</PurposeOfGrantOrContribution>
          <Amount>17050</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>JIMMY FUNDPAN MASS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>10 BROOKLINE PLACE WEST</AddressLine1>
            <AddressLine2>10 BROOKLINE PLACE WEST</AddressLine2>
            <City>BROOKLINE</City>
            <State>MA</State>
            <ZIPCode>02445</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHILDREN'S CANCER RESEARCH</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>MISSION TO THE WORLD</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1600 NORTH BROWN RD</AddressLine1>
            <AddressLine2>1600 NORTH BROWN ROAD</AddressLine2>
            <City>LAWRENCEVILLE</City>
            <State>GA</State>
            <ZIPCode>30043</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TSUNAMI RELIEF - JAPAN</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>A BETTER WORLD</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>4527 FREEDOM DRIVE</AddressLine1>
            <AddressLine2>4527 FREEDOM DRIVE</AddressLine2>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28208</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>AFTERSCHOOL PROGRAM</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BROOKSTONE SCHOOL</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2414 LESTER ST</AddressLine1>
            <AddressLine2>2414 LESTER ST</AddressLine2>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28208</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NA</RecipientRelationship>
          <RecipientFoundationStatus>NA</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>URBAN SCHOOL</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>44050</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <RelatedOrExemptFunctionIncome>708</RelatedOrExemptFunctionIncome>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <RelatedOrExemptFunctionIncome>7558</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <OtherInvestmentIncomePartVII>
          <RelatedOrExemptFunctionIncome>876</RelatedOrExemptFunctionIncome>
        </OtherInvestmentIncomePartVII>
        <GainSalesAssetsOthThanInvntry>
          <RelatedOrExemptFunctionIncome>21658</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>NON-DIVIDEND DISTRIBUTIONS</Description>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>30800</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>30800</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="RetDoc1">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>EDWARD DONAHUE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>158 WATSON ROAD</AddressLine1>
          <City>BELMONT</City>
          <State>MA</State>
          <ZIPCode>02478</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>108180</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <CompensationExplanation documentId="RetDoc3">
      <Compensation>
        <PersonName>EDWARD C DONAHUE</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>THERESA D DONAHUE</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>MICHELE L DUDLEY</PersonName>
      </Compensation>
    </CompensationExplanation>
    <GainLossSaleOtherAssetsSch documentId="RetDoc4">
      <GainLossSaleOtherAsset>
        <Name>GENERAL ELECTRIC</Name>
        <DateAcquired>2009-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-06</DateSold>
        <GrossSalesPrice>4622</GrossSalesPrice>
        <Basis>3026</Basis>
        <TotalNet>1596</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>GENERAL ELECTRIC</Name>
        <DateAcquired>2009-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>3980</GrossSalesPrice>
        <Basis>3026</Basis>
        <TotalNet>954</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>KRISPY KREME</Name>
        <DateAcquired>2004-08</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>3559</GrossSalesPrice>
        <Basis>7597</Basis>
        <TotalNet>-4038</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-05</DateSold>
        <GrossSalesPrice>1378</GrossSalesPrice>
        <Basis>966</Basis>
        <TotalNet>412</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-05</DateSold>
        <GrossSalesPrice>7924</GrossSalesPrice>
        <Basis>5514</Basis>
        <TotalNet>2410</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>2498</GrossSalesPrice>
        <Basis>1296</Basis>
        <TotalNet>1202</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>3743</GrossSalesPrice>
        <Basis>1944</Basis>
        <TotalNet>1799</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>2520</GrossSalesPrice>
        <Basis>1157</Basis>
        <TotalNet>1363</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>9911</GrossSalesPrice>
        <Basis>4573</Basis>
        <TotalNet>5338</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>8651</GrossSalesPrice>
        <Basis>4011</Basis>
        <TotalNet>4640</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SCHIFF NUTRITION</Name>
        <DateAcquired>2002-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>9905</GrossSalesPrice>
        <Basis>4584</Basis>
        <TotalNet>5321</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>SPECTRA ENERGY</Name>
        <DateAcquired>2006-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-10</DateSold>
        <GrossSalesPrice>14357</GrossSalesPrice>
        <Basis>13696</Basis>
        <TotalNet>661</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorpStock>
        <NameOfStock>BANK OF AMERICA</NameOfStock>
        <EOYBookValue>42000</EOYBookValue>
        <EOYFMV>5560</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>KRISPY KREME</NameOfStock>
        <EOYBookValue>11726</EOYBookValue>
        <EOYFMV>13080</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>NSTAR</NameOfStock>
        <EOYBookValue>20149</EOYBookValue>
        <EOYFMV>35220</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>GENERAL ELECTRIC</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>KRAFT FOODS</NameOfStock>
        <EOYBookValue>30618</EOYBookValue>
        <EOYFMV>37360</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ING RUSSIA</NameOfStock>
        <EOYBookValue>43660</EOYBookValue>
        <EOYFMV>57700</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SCHIFF NUTRITION</NameOfStock>
        <EOYBookValue>65100</EOYBookValue>
        <EOYFMV>107000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BERKSHIRE HATHAWAY</NameOfStock>
        <EOYBookValue>167193</EOYBookValue>
        <EOYFMV>209825</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>DUKE ENERGY</NameOfStock>
        <EOYBookValue>18999</EOYBookValue>
        <EOYFMV>22000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>IMAX CORP.</NameOfStock>
        <EOYBookValue>11403</EOYBookValue>
        <EOYFMV>36660</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SMART BALANCE</NameOfStock>
        <EOYBookValue>53558</EOYBookValue>
        <EOYFMV>37520</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SPECTRA ENERGY</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CITIZENS/FRONTIER COMMUNICATIONS</NameOfStock>
        <EOYBookValue>17661</EOYBookValue>
        <EOYFMV>7725</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MICROSOFT</NameOfStock>
        <EOYBookValue>25395</EOYBookValue>
        <EOYFMV>25960</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>NATIONAL GRID</NameOfStock>
        <EOYBookValue>29347</EOYBookValue>
        <EOYFMV>36360</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>TPL</NameOfStock>
        <EOYBookValue>58106</EOYBookValue>
        <EOYFMV>63476</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>HEELY'S</NameOfStock>
        <EOYBookValue>4958</EOYBookValue>
        <EOYFMV>4625</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>WHOLE FOODS</NameOfStock>
        <EOYBookValue>108751</EOYBookValue>
        <EOYFMV>104370</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MARKEL CORP</NameOfStock>
        <EOYBookValue>38524</EOYBookValue>
        <EOYFMV>37994</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc6">
      <OtherExpenses>
        <Description>EXPENSES</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>POSTAGE</Description>
        <RevenueAndExpensesPerBooks>138</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CHARITABLE SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>300</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>300</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>COMPUTER-RELATED</Description>
        <RevenueAndExpensesPerBooks>315</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STUDENT EXPENSES</Description>
        <RevenueAndExpensesPerBooks>900</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>900</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TUITION</Description>
        <DisbursementsCharitablePrps>3121</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc8">
      <OtherIncome>
        <Description>NON-DIVIDEND DISTRIBUTIONS</Description>
        <RevenueAndExpensesPerBooks>876</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>876</NetInvestmentIncome>
        <AdjustedNetIncome>876</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc7">
      <OtherIncreases>
        <Description>SECURITIES COST DIFFERENCES</Description>
        <Amount>4463</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <SubstantialContributorsSch documentId="RetDoc9">
      <SubstantialContributor>
        <PersonName>EDWARD DONAHUE</PersonName>
        <USAddress>
          <AddressLine1>158 WATSON ROAD</AddressLine1>
          <City>BELMONT</City>
          <State>MA</State>
          <ZIPCode>02478</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="RetDoc10">
      <Taxes>
        <Category>INTERNAL REVENUE SERVICE</Category>
        <Amount>142</Amount>
      </Taxes>
      <Taxes>
        <Category>NC DEPT OF REVENUE</Category>
        <Amount>60</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>