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        <BusinessNameLine1>THE SCHEICK-VERROCHI FAMILY FOUNDATION INC</BusinessNameLine1>
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            <BusinessNameLine1>MARIPOSA SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>203 GREGSON DRIVE</AddressLine1>
            <City>CARY</City>
            <State>NC</State>
            <ZIPCode>27511</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HAYES PLACE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1314 W GARNER RD</AddressLine1>
            <City>GARNER</City>
            <State>NC</State>
            <ZIPCode>27529</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>11000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SAFECHILD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>864 W MORGAN ST</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27603</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FIRST CALVARY BAPTIST CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1311 MOREHEAD AVE</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27609</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE CARYING PLACE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 622</AddressLine1>
            <City>CARY</City>
            <State>NC</State>
            <ZIPCode>27512</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>9000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>READ SEED</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3020 PICKETT RD SUITE 120</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27705</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>REENTRY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 724</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27602</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>9000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CENTER FOR CHILD &amp; FAMILY HEALTH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>411 WEST CHAPEL HILL ST</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27701</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ASSISTANCE LEAGUE OF RALEIGH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 99459</AddressLine1>
            <City>RALEIGH NC</City>
            <State>NC</State>
            <ZIPCode>27624</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SALVATION ARMY OF WAKE COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>215 PERSON RD</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FOOD BANK OF CENTRALEASTERN NC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3808 TARHEEL DRIVE</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27609</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOSPICE OF WAKE COUNTY (NC)</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>250 HOSPICE CIRCLE</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27607</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTEDCHARITABLE GIFT</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>70500</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <RelatedOrExemptFunctionIncome>37906</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <RelatedOrExemptFunctionIncome>93176</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>131082</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>131082</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>N/A</LineNumber>
          <RelationshipStatement>NOT APPLICABLE</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <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="00000004">
      <AccountingFees>
        <Category>DONOVAN SULLIVAN &amp; RYAN ACCTG &amp; TAX</Category>
        <Amount>5900</Amount>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="00000005">
      <Depreciation>
        <DescriptionOfProperty>OFFICE EQUIPMENT</DescriptionOfProperty>
        <DateAcquired>2007-06-30</DateAcquired>
        <CostOrOtherBasis>10149</CostOrOtherBasis>
        <PriorYearsDepreciation>7226</PriorYearsDepreciation>
        <ComputationMethod>200DB</ComputationMethod>
        <Life>5.00</Life>
        <CurrentYearExpense>1169</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000006">
      <GainLossSaleOtherAsset>
        <Name>MARKETABLE SECURITIES - SEE ATTACHMENTS</Name>
        <HowAcquired>Purchased</HowAcquired>
        <GrossSalesPrice>2551184</GrossSalesPrice>
        <Basis>2458009</Basis>
        <TotalNet>93175</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="00000007">
      <InvestmentsCorpStock>
        <NameOfStock>Marketable Securities - At NBV-JANNEY A/C'S:</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock># 6145-5133</NameOfStock>
        <EOYBookValue>230482</EOYBookValue>
        <EOYFMV>306644</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock># 1409-6690</NameOfStock>
        <EOYBookValue>343202</EOYBookValue>
        <EOYFMV>350053</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock># 7545-8821</NameOfStock>
        <EOYBookValue>388244</EOYBookValue>
        <EOYFMV>465005</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock># 7666-2700</NameOfStock>
        <EOYBookValue>223774</EOYBookValue>
        <EOYFMV>226287</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock># 5288-8036</NameOfStock>
        <EOYBookValue>231716</EOYBookValue>
        <EOYFMV>233649</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="00000008">
      <LandEtc>
        <CategoryOrItem>Office Equipment</CategoryOrItem>
        <CostOrOtherBasis>10149</CostOrOtherBasis>
        <AccumulatedDepreciation>8395</AccumulatedDepreciation>
        <BookValue>1754</BookValue>
      </LandEtc>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="00000009">
      <OtherExpenses>
        <Description>Non-personnel expenses:Postage, shipping, delivery</Description>
        <RevenueAndExpensesPerBooks>24</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Bank Fees</Description>
        <RevenueAndExpensesPerBooks>70</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>70</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Non-personnel expenses:Supplies</Description>
        <RevenueAndExpensesPerBooks>40</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>40</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="00000010">
      <OtherLiabilities>
        <Description>Unexpired call sales ( ..8036)</Description>
        <EOYBookValue>4995</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherLiabilitiesSchedule documentId="00000011">
      <OtherLiabilities>
        <Description>Unexpired call sales ( ..8036)</Description>
        <EOYBookValue>4995</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="00000012">
      <OtherProfessionalFees>
        <Category>JANNEY , MONTGOMERY SCOTT INVESTMENT FEES</Category>
        <Amount>25798</Amount>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="00000013">
      <Taxes>
        <Category>Business expenses:Federal Tax on Invest. Income</Category>
        <Amount>163</Amount>
        <NetInvestmentIncome>163</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>Business expenses:Taxes - other</Category>
        <Amount>689</Amount>
        <NetInvestmentIncome>689</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>