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        <State>NC</State>
        <ZIPCode>27612</ZIPCode>
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      <Name>
        <BusinessNameLine1>THE ZELNAK PRIVATE FOUNDATION</BusinessNameLine1>
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        <State>NC</State>
        <ZIPCode>27402</ZIPCode>
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    <Officer>
      <Name>STEPHEN P ZELNAK</Name>
      <Title>PRESIDENT</Title>
      <DateSigned>2011-05-13</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>175,000 FEDERAL HOME LN BKS CONS BD</DescriptionOfAsset>
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          <PersonName>STEPHEN P ZELNAK JR</PersonName>
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            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27609</ZIPCode>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JUDY D ZELNAK</PersonName>
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            <State>NC</State>
            <ZIPCode>27609</ZIPCode>
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            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>303320455</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
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        <GrantOrContriPaidDuringYear>
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            <City>BIRMINGHAM</City>
            <State>AL</State>
            <ZIPCode>352944460</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BENCHMARK MINISTRIES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>200 THORN HOLLOW DRIVE</AddressLine1>
            <City>APEX</City>
            <State>NC</State>
            <ZIPCode>27523</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
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        <GrantOrContriPaidDuringYear>
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            <BusinessNameLine1>WHITE MEMORIAL PRESBYTERIAN CHURCH</BusinessNameLine1>
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            <AddressLine1>1704 OBERLIN ROAD</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27608</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
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          <Amount>5000</Amount>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GEORGIA TECH FOUNDATION</BusinessNameLine1>
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          <RecipientUSAddress>
            <AddressLine1>760 SPRING STREET NW SUITE 4</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30308</ZIPCode>
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          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NC STATE UNIVERSITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>CAMPUS BOX 8614 NELSON HALL</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27695</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CAMPUS CRUSADE FOR CHRIST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>POST OFFICE BOX 628222</AddressLine1>
            <City>ORLANDO</City>
            <State>FL</State>
            <ZIPCode>328628222</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>32500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ANGEL MINISTRIES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5115 HOLLYRIDGE DRIVE</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>276123111</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FELLOWSHIP OF CHRISTIAN ATHLETES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>8701 LEEDS ROAD</AddressLine1>
            <City>KANSAS CITY</City>
            <State>MO</State>
            <ZIPCode>64129</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE SALVATION ARMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>615 SLATERS LANE</AddressLine1>
            <AddressLine2>PO BOX 269</AddressLine2>
            <City>ALEXANDRIA</City>
            <State>VA</State>
            <ZIPCode>22313</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>500000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOSPICE OF CHATTANOOGA FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>411 OAKWOOD DRIVE</AddressLine1>
            <City>CHATTANOOGA</City>
            <State>TN</State>
            <ZIPCode>27416</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CAPITAL COMMISSION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 63118</AddressLine1>
            <City>CHARLOTTE</City>
            <State>NC</State>
            <ZIPCode>28263</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF ALABAMA IN HUNTSVILLE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>SHELBIE KING HALL SUITE 300</AddressLine1>
            <City>HUNTSVILLE</City>
            <State>AL</State>
            <ZIPCode>35899</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>NON-PROFIT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE-GENERAL SUPPORT</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>697500</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>392</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>173510</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>50213</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <SubtotalsPartXVIA>
          <ExclusionAmount>224115</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>224115</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="IRS990ScheduleB">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>STEPHEN P ZELNAK JR</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>20 DRUMMOND DRIVE</AddressLine1>
          <City>RALEIGH</City>
          <State>NC</State>
          <ZIPCode>27609</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>1009544</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>11,122 SHS MARTIN MARIETTA MATERIALS INC, STOCK</NoncashPropertyDescription>
        <FairMarketValue>1022334</FairMarketValue>
        <DateReceived>2010-06-15</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFees>
        <Category>TAX PREPARATION FEES</Category>
        <Amount>1869</Amount>
        <NetInvestmentIncome>1402</NetInvestmentIncome>
        <DisbursementsCharitablePrps>467</DisbursementsCharitablePrps>
      </AccountingFees>
      <AccountingFees>
        <Category>OTHER ACCOUNTING SERVICES</Category>
        <Amount>1090</Amount>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="AllOthProgInvSch">
      <AllOthProgRltdInvestments>
        <Description>N/A</Description>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 BEAR STEARNS COS INC</NameOfBond>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 BEAR STEARNS COS INC</NameOfBond>
        <EOYBookValue>146091</EOYBookValue>
        <EOYFMV>171006</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 BELLSOUTH CORP</NameOfBond>
        <EOYBookValue>152198</EOYBookValue>
        <EOYFMV>163753</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>125,000 CATERPILLAR FINL SVC</NameOfBond>
        <EOYBookValue>126725</EOYBookValue>
        <EOYFMV>134094</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 COCA-COLA CO</NameOfBond>
        <EOYBookValue>155729</EOYBookValue>
        <EOYFMV>169713</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 CONSOLIDATED EDISON CO</NameOfBond>
        <EOYBookValue>152997</EOYBookValue>
        <EOYFMV>160624</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 CREDIT SUISSE FIRST BO</NameOfBond>
        <EOYBookValue>160293</EOYBookValue>
        <EOYFMV>157166</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 CREDIT SUISSE 1ST BOST</NameOfBond>
        <EOYBookValue>149886</EOYBookValue>
        <EOYFMV>161442</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 GENERAL ELECTRIC CAP C</NameOfBond>
        <EOYBookValue>139234</EOYBookValue>
        <EOYFMV>164475</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 HONEYWELL INTL INC</NameOfBond>
        <EOYBookValue>152086</EOYBookValue>
        <EOYFMV>169803</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 JOHNSON &amp; JOHNSON</NameOfBond>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 NATIONAL RURAL UTIL CO</NameOfBond>
        <EOYBookValue>176239</EOYBookValue>
        <EOYFMV>206913</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 PEPISCO INC</NameOfBond>
        <EOYBookValue>150420</EOYBookValue>
        <EOYFMV>158744</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 TARGET CORP</NameOfBond>
        <EOYBookValue>143875</EOYBookValue>
        <EOYFMV>160200</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 WACHOVIA CORP</NameOfBond>
        <EOYBookValue>138816</EOYBookValue>
        <EOYFMV>166545</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 WELLS FARGO &amp; CO</NameOfBond>
        <EOYBookValue>149166</EOYBookValue>
        <EOYFMV>160650</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 BERKSHIRE HATHAWAY FIN</NameOfBond>
        <EOYBookValue>163973</EOYBookValue>
        <EOYFMV>164040</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 PFIZER INC</NameOfBond>
        <EOYBookValue>168110</EOYBookValue>
        <EOYFMV>168624</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 PROCTOR &amp; GAMBLE CO</NameOfBond>
        <EOYBookValue>156933</EOYBookValue>
        <EOYFMV>157488</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 BARCLAYS BK PLC</NameOfBond>
        <EOYBookValue>156101</EOYBookValue>
        <EOYFMV>153188</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 CISCO SYS INC</NameOfBond>
        <EOYBookValue>159271</EOYBookValue>
        <EOYFMV>157155</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 PFIZER INC</NameOfBond>
        <EOYBookValue>179557</EOYBookValue>
        <EOYFMV>175704</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 SCHERING PLOUGH CORP</NameOfBond>
        <EOYBookValue>176688</EOYBookValue>
        <EOYFMV>175289</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>125,000 ORACLE CORP</NameOfBond>
        <EOYBookValue>148395</EOYBookValue>
        <EOYFMV>142994</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>125,000 UNITED TECHNOLOGIES CO</NameOfBond>
        <EOYBookValue>153365</EOYBookValue>
        <EOYFMV>146175</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtSecuritiesEOYBookValue>531640</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>566923</USGovtSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssets>
        <Description>ACCRUED INTEREST PURCHASED</Description>
        <EOYBookValue>1495</EOYBookValue>
        <EOYFMV>1495</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>US TRUST ASSET FEES</Category>
        <Amount>14765</Amount>
        <NetInvestmentIncome>14765</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>2010 FEDERAL EST. TAX PMTS.</Category>
        <Amount>137</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>