2012-05-29T10:38:39-00:00 2011-12-31 Foundation Source 55 Walls Drive Fairfield CT 06824 990PF 2011-01-01 208383433 Bill and Faye Stallings Family Foundation BILL 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Melissa L Goodson 2012-05-11 true Jeffrey D Haskell 8008391754 2012-05-11 2011 2016-02-24 21:20:13Z X 252549 X 243000 2 2 2594 2594 -6260 44562 25226 239336 27822 5159 5159 5159 0 5159 114750 114750 119909 0 119909 119427 27822 111 170360 170360 146860 96038 82189 146971 266398 252549 0 X 146971 266398 146971 266398 146971 266398 146971 119427 266398 266398 Publicly-traded Securities 44562 19336 25226 25226 25226 false 107088 205705 000.520590 101134 260033 000.388928 44922 260299 000.172578 104549 141252 000.740159 001.822255 000.455564 126203 57494 278 57772 119909 X 278 278 278 429 429 429 151 151 false false false false false false true true true true false false false false true 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 true 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 NONE 98104 30021 0 128125 128125 1922 126203 6310 6310 278 278 6032 6032 6032 119909 119909 278 119631 6032 100031 32913 88455 96899 318298 119909 6032 113877 432175 0 432175 100031 32913 88455 96899 113877 NONE X BOYS GIRLS CLUB OF PITT COUNTY 621 W FIRE TOWER RD WINTERVILLE NC 28590 N/A 509(a)(1) Kids Under Construction Campaign 50000 CHURCHES OUTREACH NETWORK PO BOX 31045 GREENVILLE NC 27833 N/A 509(a)(1) We Care Program 6000 HOPE OF GLORY MINISTRIES INC PO BOX 2038 GREENVILLE NC 27836 N/A 509(a)(2) General Unrestricted 46000 SAMARITANS PURSE PO BOX 3000 BOONE NC 28607 N/A 509(a)(1) General Unrestricted 1000 WESTERN CAROLINA UNIVERSITY FOUNDAT 311 HFR ADMINISTRATION BLDG CULLOWHEE NC 28723 N/A 509(a)(1) Stallings Scholarship Program 11750 114750 14 2 14 2594 18 -6260 -3664 -3664 false false false false false false false false false false X X 0001 Marion Faye Stallings Living Trust Stallings Grp 1645 E Arlington Blvd Greenville NC 27858 243000 X 3265 shares of BBT CP BBT 96038 82189 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, 2011, 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 114,750. This amount represents over 25 of the Foundations net assets of 131,386 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2011. 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 5134 5134 State or Local Filing Fees 25 25