2011-05-10T11:59:42-00:00 2010-12-31 Foundation Source 55 Walls Drive Fairfield CT 06824 990PF 2010-01-01 208383433 Bill and Faye Stallings Family Foundation BILL 8008391754 c/o Foundation Source 501 Silversid Wilmington DE 198091377 Melissa L Goodson 2011-05-10 false Jeffrey D Haskell 8008391754 2011-05-10 2010 2016-02-24 21:20:13Z X 131386 X X 4831 4831 -32304 92526 0 -27473 4831 4747 4747 4747 0 4747 102389 102389 107136 0 107136 -134609 4831 9890 111 111 271690 146860 131275 281580 146971 131386 0 X 281580 146971 281580 146971 281580 146971 281580 -134609 146971 146971 Publicly-traded Securities 92526 92670 -144 -144 -144 false 101134 260033 000.388928 44922 260299 000.172578 104549 141252 000.740159 001.301665 000.433888 205705 89253 48 89301 107136 X 48 48 48 477 477 477 429 429 false false false false false false true true true true false false false false true co Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false true Faye Stallings c/o Foundation Source 501 Silversid Wilmington DE 19809 001.00 0 Melissa L Goodson c/o Foundation Source 501 Silversid Wilmington DE 19809 001.00 0 G Blake Stallings c/o Foundation Source 501 Silversid Wilmington DE 19809 001.00 0 Jeffrey S Stallings c/o Foundation Source 501 Silversid Wilmington DE 19809 001.00 0 K Clark Stallings c/o Foundation Source 501 Silversid Wilmington DE 19809 001.00 0 William R Stallings Jr c/o Foundation Source 501 Silversid Wilmington DE 19809 001.00 0 NONE 207732 1106 0 208838 208838 3133 205705 10285 10285 48 48 10237 10237 10237 107136 107136 48 107088 10237 100031 32913 88455 221399 107136 10237 96899 318298 0 318298 100031 32913 88455 96899 NONE X BOYS GIRLS CLUB OF PITT COUNTY IN 621 W FIRE TOWER RD WINTERVILLE NC 28590 N/A 509(a)(1) Kids under Construction Campaign 50000 CPT CHRISTOPHER CASH MEMORIAL FDN O 508 HOLLAND MILL LN STELLA NC 28582 N/A 509(a)(1) General Unrestricted 250 HOPE OF GLORY MINISTRIES INC 402 W 10TH ST GREENVILLE NC 27834 N/A 509(a)(2) General Unrestricted 36000 PITT TECHNICAL INSTITUTE FOUNDATION PO BOX 7007 GREENVILLE NC 27835 N/A 509(a)(1) General Unrestricted 5000 WESTERN CAROLINA UNIVERSITY FOUNDAT 315 HFR ADMINISTRATION BLDG CULLOWHEE NC 28723 N/A 509(a)(1) Stallings Scholarship Program 11139 102389 14 4831 18 -32304 -27473 -27473 false false false false false false false false false false 4993 shares of BBT CP BBT 146860 131275 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, 2010, 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 102,389. This amount represents over 25 of the Foundations net assets of 227,852 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2010. 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 4747 4747