Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
The Boustead Family Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)540 North State Road   Room/suite
City or town, state, and ZIP code
Briarcliff Manor, NY10510
A Employer identification number

52-2097838
B Telephone number (see page 10 of the instructions)

(914) 762-1234
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,236,142J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 27,172 27,172  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 41,961
b Gross sales price for all assets on line 6a 2,237,364
7 Capital gain net income (from Part IV, line 2)... 41,961
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 69,133 69,133  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,520 1,890   630
c Other professional fees (attach schedule).... Click to see attachment 20,960 20,960   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 488 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,968 22,850   630
25 Contributions, gifts, grants paid........ 150,000 150,000
26 Total expenses and disbursements. Add lines 24 and 25 173,968 22,850   150,630
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -104,835
b Net investment income (if negative, enter -0-) 46,283
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 515,053 393,664 393,664
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 350,771 Click to see attachment305,336 305,336
b Investments—corporate stock (attach schedule)........ 1,431,665 Click to see attachment1,780,881 1,780,881
c Investments—corporate bonds (attach schedule)........ 824,470 Click to see attachment745,644 745,644
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,137 Click to see attachment10,617 Click to see attachment10,617
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,123,096 3,236,142 3,236,142
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 3,123,096 3,236,142
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,123,096 3,236,142
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,123,096 3,236,142
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,123,096
2 Enter amount from Part I, line 27a...................... 2 -104,835
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 217,881
4 Add lines 1, 2, and 3.......................... 4 3,236,142
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,236,142
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a VISA INC COM CL A   2010-08-20 2010-12-14
b VISA INC COM CL A   2010-05-03 2010-12-14
c VISA INC COM CL A   2010-04-29 2010-12-14
d VISA INC COM CL A   2010-04-29 2010-12-13
e VISA INC COM CL A   2010-02-11 2010-12-13
ECOLAB INC   2010-06-29 2010-12-13
ECOLAB INC   2010-04-29 2010-12-13
PHILIP MORRIS INTL INC COM   2009-11-05 2010-12-10
PHILIP MORRIS INTL INC COM   2008-12-23 2010-12-10
PARTNERRE LTD BERMUDA FORMERLY PARTNERRE LTD ISIN#BMG6852T1053   2009-12-03 2010-12-01
PARTNERRE LTD BERMUDA FORMERLY PARTNERRE LTD ISIN#BMG6852T1053   2009-11-11 2010-12-01
RANGE RES CORP COM   2010-04-09 2010-11-22
RANGE RES CORP COM   2009-11-05 2010-11-22
RANGE RES CORP COM   2009-09-09 2010-11-22
RANGE RES CORP COM   2009-06-01 2010-11-22
RANGE RES CORP COM   2009-03-27 2010-11-22
RANGE RES CORP COM   2009-03-24 2010-11-22
OCCIDENTAL PETE CORP COM   2010-02-11 2010-11-16
MEAD JOHNSON NUTRITION CO COM   2010-01-15 2010-11-10
EBAY INC COM   2010-04-29 2010-10-27
JP MORGAN CHASE & CO COM ISIN#US46625H1005   2010-10-01 2010-10-15
JP MORGAN CHASE & CO COM ISIN#US46625H1005   2010-01-05 2010-10-15
JP MORGAN CHASE & CO COM ISIN#US46625H1005   2009-07-06 2010-10-15
JP MORGAN CHASE & CO COM ISIN#US46625H1005   2009-04-02 2010-10-15
PLAINS ALL AMERICAN PIPELINE L P UNIT LTD PARTNERSHIP INT   2009-11-05 2010-10-14
BOARDWALK PIPELINE PARTNERS LP COM UNIT LTD PARTNERSHIP INTS   2010-02-26 2010-10-14
BOARDWALK PIPELINE PARTNERS LP COM UNIT LTD PARTNERSHIP INTS   2010-02-18 2010-10-14
C H ROBINSON WORLDWIDE INC COM NEW   2009-12-11 2010-10-13
C H ROBINSON WORLDWIDE INC COM NEW   2009-11-12 2010-10-13
C H ROBINSON WORLDWIDE INC COM NEW   2009-10-23 2010-10-13
PHILIP MORRIS INTL INC COM   2008-12-23 2010-10-05
NORFOLK SOUTHERN CORP   2010-01-07 2010-10-05
NORFOLK SOUTHERN CORP   2009-10-23 2010-10-05
PARTNERRE LTD BERMUDA FORMERLY PARTNERRE LTD ISIN#BMG6852T1053   2009-11-11 2010-10-04
PROCTER & GAMBLE CO COM   2008-07-21 2010-10-04
PROCTER & GAMBLE CO COM   2008-02-21 2010-10-04
NEXTERA ENERGY INC COM   2009-04-03 2010-10-04
NEXTERA ENERGY INC COM   2009-03-20 2010-10-04
MICROSOFT CORP COM   2010-02-16 2010-10-01
MICROSOFT CORP COM   2010-01-26 2010-10-01
PLAINS ALL AMERICAN PIPELINE L P UNIT LTD PARTNERSHIP INT   2009-11-05 2010-09-14
BLACKSTONE GROUP L P COM UNIT REPSTG LTD PARTNERSHIP INT   2009-12-22 2010-09-10
BLACKSTONE GROUP L P COM UNIT REPSTG LTD PARTNERSHIP INT   2009-11-05 2010-09-10
MEDCOHEALTH SOLUTIONS INC COM   2009-12-11 2010-09-03
MEDCOHEALTH SOLUTIONS INC COM   2009-11-27 2010-09-03
MEDCOHEALTH SOLUTIONS INC COM   2009-10-14 2010-09-03
NEXTERA ENERGY INC COM   2009-03-20 2010-08-24
YAHOO INC COM   2010-04-09 2010-08-18
AMERICAN TOWER CORP CL A   2008-02-26 2010-07-20
BAXTER INTL INC COM   2009-12-11 2010-06-16
BAXTER INTL INC COM   2009-07-21 2010-06-16
BAXTER INTL INC COM   2009-07-01 2010-06-16
CATERPILLAR INC   2009-09-11 2010-06-14
BHP BILLITON PLC SPON ADR   2009-12-21 2010-06-14
VERISK ANALYTICS INC CL A   2009-10-14 2010-05-18
MEDCOHEALTH SOLUTIONS INC COM   2009-10-14 2010-05-18
JP MORGAN CHASE & CO COM ISIN#US46625H1005   2009-04-02 2010-05-18
CANADIAN NATURAL RES LTD ISIN#CA1363851017   2009-08-03 2010-05-18
CANADIAN NATURAL RES LTD ISIN#CA1363851017   2009-05-22 2010-05-18
BANCO SANTANDER BRASIL SA ADS REPSTG 1 UNIT   2010-01-05 2010-05-03
BANCO SANTANDER BRASIL SA ADS REPSTG 1 UNIT   2009-10-12 2010-05-03
CATERPILLAR INC   2009-09-11 2010-04-29
CANADIAN NATURAL RES LTD ISIN#CA1363851017   2009-05-22 2010-04-29
CATERPILLAR INC   2009-09-11 2010-04-09
C H ROBINSON WORLDWIDE INC COM NEW   2009-10-23 2010-04-09
C H ROBINSON WORLDWIDE INC COM NEW   2008-02-21 2010-04-09
BHP BILLITON PLC SPON ADR   2009-12-21 2010-04-09
NORFOLK SOUTHERN CORP   2009-10-23 2010-03-08
NORFOLK SOUTHERN CORP   2009-10-21 2010-03-08
CORNING INC COM   2010-01-21 2010-03-05
PRAXAIR INC   2009-08-03 2010-02-22
ENBRIDGE INC COM ISIN#CA29250N1050   2009-01-14 2010-02-17
ENBRIDGE INC COM ISIN#CA29250N1050   2008-02-21 2010-02-17
SUNCOR ENERGY INC NEW COM ISIN#CA8672241079   2008-02-21 2010-02-16
SUNCOR ENERGY INC NEW COM ISIN#CA8672241079   2007-02-02 2010-02-16
HSBC HLDGS PLC SPONS ADR NEW   2010-01-14 2010-02-11
HSBC HLDGS PLC SPONS ADR NEW   2009-08-05 2010-02-11
VORNADO RLTY TR SBI   2009-09-16 2010-02-10
VORNADO RLTY TR SBI   2009-07-21 2010-02-10
VORNADO RLTY TR SBI   2009-06-15 2010-02-10
VORNADO RLTY TR SBI   2009-04-22 2010-02-10
SCHWAB CHARLES CORP NEW COM   2010-01-07 2010-02-10
SCHWAB CHARLES CORP NEW COM   2009-09-24 2010-02-10
CANADIAN NATURAL RES LTD ISIN#CA1363851017   2009-05-22 2010-01-26
EXPEDITORS INTL WASH INC   2008-07-21 2010-01-11
EXPEDITORS INTL WASH INC   2008-02-21 2010-01-11
UNIVERSAL CORP VA COM   2010-04-27 2010-12-21
UNIVERSAL CORP VA COM   2009-04-27 2010-12-21
UNIVERSAL CORP VA COM   2009-04-27 2010-12-20
MARTIN MARIETTA MATLS INC COM   2010-04-16 2010-12-20
KNOLL INC COM NEW   2009-11-06 2010-12-20
KNOLL INC COM NEW   2009-08-20 2010-12-20
KNOLL INC COM NEW   2008-11-26 2010-12-20
KNOLL INC COM NEW   2008-11-21 2010-12-20
CARMAX INC COM   2009-06-17 2010-12-20
BRINKS CO COM   2010-04-27 2010-12-03
BRINKS CO COM   2010-03-05 2010-12-03
KINDER MORGAN MGMT LLC SHS   2008-11-21 2010-11-12
SYNAPTICS INC COM   2010-04-27 2010-10-22
SYNAPTICS INC COM   2009-11-06 2010-10-22
SYNAPTICS INC COM   2009-09-22 2010-10-22
SYNAPTICS INC COM   2009-09-16 2010-10-22
WESCO FINL CORP   2008-11-21 2010-09-24
HASBRO INC COM   2009-07-14 2010-09-24
HASBRO INC COM   2009-07-07 2010-09-24
HASBRO INC COM   2009-07-01 2010-09-24
FIRST INDL RLTY TR INC COM   2010-04-09 2010-09-24
CONSTELLATION BRANDS INC CL A   2010-04-29 2010-09-24
ALEXANDER & BALDWIN INC COM   2008-11-21 2010-09-24
ALBEMARLE CORP   2008-11-21 2010-09-24
KINDER MORGAN MGMT LLC SHS   2008-11-21 2010-08-13
VULCAN MATERIALS CO HLDG CO COM   2010-04-27 2010-07-29
VULCAN MATERIALS CO HLDG CO COM   2008-11-26 2010-07-29
VULCAN MATERIALS CO HLDG CO COM   2008-11-21 2010-07-29
BRINKS CO COM   2010-03-05 2010-07-29
BRINKS CO COM   2010-02-19 2010-07-29
BRINKS CO COM   2008-11-26 2010-07-29
BRINKS CO COM   2008-11-21 2010-07-29
LANCE INC COM N/C EFF 12/10/10 1 OLD = 1 NEW CU#XXX-XX-XXXX SNYDER'S-LANCE INC   2010-04-27 2010-07-28
LANCE INC COM N/C EFF 12/10/10 1 OLD = 1 NEW CU#XXX-XX-XXXX SNYDER'S-LANCE INC   2009-11-06 2010-07-28
LANCE INC COM N/C EFF 12/10/10 1 OLD = 1 NEW CU#XXX-XX-XXXX SNYDER'S-LANCE INC   2008-11-26 2010-07-28
LANCE INC COM N/C EFF 12/10/10 1 OLD = 1 NEW CU#XXX-XX-XXXX SNYDER'S-LANCE INC   2008-11-21 2010-07-28
TEJON RANCH CO RT EXP 06/14/10   2010-04-27 2010-07-09
SPDR S&P 500 ETF TR TR UNIT   2010-11-04 2010-12-16
SPDR S&P 500 ETF TR TR UNIT   2010-09-10 2010-12-16
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-09-13 2010-11-26
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-08-02 2010-11-26
SPDR S&P 500 ETF TR TR UNIT   2010-09-10 2010-11-24
ISHARES TR RUSSELL 2000 INDEX FD   2010-10-12 2010-10-21
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-08-02 2010-10-21
SPDR S&P 500 ETF TR TR UNIT   2010-09-03 2010-10-20
ISHARES TR RUSSELL 2000 INDEX FD   2010-10-12 2010-10-20
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-08-02 2010-10-20
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-07-22 2010-10-20
SPDR S&P 500 ETF TR TR UNIT   2010-09-03 2010-10-14
POWERSHARES QQQ TR UNIT SER 1   2010-09-22 2010-10-05
PROSHARES ULTRASHORT 500   2010-08-19 2010-09-01
SELECT SECTOR SPDR FD MATERIALS   2010-08-03 2010-08-25
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-07-22 2010-08-25
ISHARES TR FTSE CHINA 25 INDEX FD   2010-08-03 2010-08-25
ISHARES INC MSCI BRAZIL FREE INDEX FD SHS   2010-08-03 2010-08-25
SECTOR SPDR TR SHS BEN INT INDUSTRIAL   2010-08-03 2010-08-24
ISHARES TR MSCI EAFE INDEX FD   2010-08-03 2010-08-24
ISHARES TR RUSSELL 2000 INDEX FD   2010-07-27 2010-08-13
ISHARES TR RUSSELL 2000 INDEX FD   2010-07-27 2010-08-12
ISHARES TR RUSSELL 2000 INDEX FD   2010-07-26 2010-08-12
SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1   2010-04-27 2010-08-11
SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1   2010-01-21 2010-08-11
SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1   2009-11-30 2010-08-11
SPDR S&P 500 ETF TR TR UNIT   2010-07-26 2010-08-11
SPDR S&P 500 ETF TR TR UNIT   2010-07-07 2010-08-11
SPDR S&P 500 ETF TR TR UNIT   2010-06-15 2010-08-11
SPDR S&P 500 ETF TR TR UNIT   2010-06-15 2010-06-29
SPDR S&P 500 ETF TR TR UNIT   2010-05-27 2010-06-29
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-06-11 2010-06-29
SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1   2009-11-30 2010-06-08
SPDR S&P 500 ETF TR TR UNIT   2010-05-27 2010-06-08
SPDR S&P 500 ETF TR TR UNIT   2010-05-27 2010-06-04
SPDR S&P 500 ETF TR TR UNIT   2010-04-27 2010-06-04
ISHARES TR RUSSELL 2000 INDEX FD   2010-05-28 2010-06-04
SPDR S&P 500 ETF TR TR UNIT   2010-04-27 2010-06-02
SPDR S&P 500 ETF TR TR UNIT   2010-04-16 2010-06-02
SPDR S&P 500 ETF TR TR UNIT   2010-04-16 2010-05-20
SPDR S&P 500 ETF TR TR UNIT   2010-03-15 2010-05-20
POWERSHARES QQQ TR UNIT SER 1   2010-04-27 2010-05-19
POWERSHARES QQQ TR UNIT SER 1   2010-02-19 2010-05-19
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-11-30 2010-02-01
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-11-10 2010-01-21
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-11-30 2010-01-21
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-11-10 2010-01-19
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-11-10 2010-01-13
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-10-29 2010-01-07
DIAMONDS TR UNIT SER 1 N/C EFF 3/1/10 1 OLD= 1 NEW CU 78467X109 SPDR DOW JON   2009-11-10 2010-01-07
ISHARES TR MSCI EMERGING MKTS INDEX FD   2009-12-02 2010-01-21
ISHARES TR MSCI EMERGING MKTS INDEX FD   2010-01-04 2010-01-21
ISHARES TR MSCI EMERGING MKTS INDEX FD   2009-12-02 2010-01-13
ISHARES TR MSCI EMERGING MKTS INDEX FD   2009-12-02 2010-01-07
SPDR GOLD TR GOLD SHS   2010-01-04 2010-01-21
SPDR GOLD TR GOLD SHS   2010-01-04 2010-01-13
SPDR GOLD TR GOLD SHS   2010-01-04 2010-01-07
POWERSHARES QQQ TR UNIT SER 1   2009-12-28 2010-01-07
SPDR S&P 500 ETF TR TR UNIT   2010-02-16 2010-04-28
SPDR S&P 500 ETF TR TR UNIT   2010-03-15 2010-04-28
SPDR S&P 500 ETF TR TR UNIT   2010-02-16 2010-03-23
SPDR S&P 500 ETF TR TR UNIT   2010-01-21 2010-03-22
SPDR S&P 500 ETF TR TR UNIT   2010-02-16 2010-03-22
ALBEMARLE CORP   2008-11-21 2010-04-16
BRINKS HOME SEC C/A EFF 5/14/10 1 OLD = .7666 NEW CU#H89128104 TYCO INTERNAT   2008-11-21 2010-04-09
BRINKS HOME SEC C/A EFF 5/14/10 1 OLD = .7666 NEW CU#H89128104 TYCO INTERNAT   2008-11-26 2010-04-09
BRINKS HOME SEC C/A EFF 5/14/10 1 OLD = .7666 NEW CU#H89128104 TYCO INTERNAT   2009-11-06 2010-04-09
HASBRO INC COM   2009-06-17 2010-04-16
HASBRO INC COM   2009-06-18 2010-04-16
HASBRO INC COM   2009-07-01 2010-04-16
KORN / FERRY INTL COM NEW   2008-11-21 2010-04-30
KORN / FERRY INTL COM NEW   2008-11-26 2010-04-30
KORN / FERRY INTL COM NEW   2009-11-06 2010-04-30
KORN / FERRY INTL COM NEW   2008-11-21 2010-04-29
KINDER MORGAN MGMT LLC SHS   2008-11-21 2010-05-14
KINDER MORGAN MGMT LLC SHS   2008-11-21 2010-02-12
KNOLL INC COM NEW   2008-11-21 2010-02-24
KNOLL INC COM NEW   2008-11-21 2010-02-19
MARKEL CORP COM   2008-11-21 2010-04-29
MARKEL CORP COM   2008-11-26 2010-04-29
NEWMARKET CORP COM   2008-11-21 2010-04-16
OWENS AND MINOR INC HLDGS CO INC   2008-11-26 2010-04-07
OWENS AND MINOR INC HLDGS CO INC   2008-11-21 2010-02-24
OWENS AND MINOR INC HLDGS CO INC   2008-11-26 2010-02-24
IMS HEALTH INC CASH MERGER EFF /26/10 1 OLD= $22 P/S   2008-11-21 2010-02-26
IMS HEALTH INC CASH MERGER EFF /26/10 1 OLD= $22 P/S   2008-11-26 2010-02-26
IMS HEALTH INC CASH MERGER EFF /26/10 1 OLD= $22 P/S   2009-08-20 2010-02-26
ALLEGHANY CORP DEL COM   2008-11-21 2010-04-23
U S TREASURY NOTES SER G-2010   2005-03-15 2010-03-15
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 9,778   8,440 1,338
b 9,536   10,567 -1,031
c 485   558 -73
d 3,703   4,277 -574
e 4,589   4,814 -225
4,504   4,157 347
5,133   5,072 61
9,427   7,675 1,752
7,100   5,028 2,072
7,893   7,743 150
4,611   4,543 68
1,389   1,610 -221
3,690   4,381 -691
3,256   3,696 -440
1,085   1,207 -122
4,341   4,282 59
4,341   4,476 -135
6,054   5,664 390
13,524   10,420 3,104
5,831   4,799 1,032
8,143   8,604 -461
5,158   6,062 -904
4,606   3,965 641
1,511   1,156 355
10,492   7,955 2,537
5,612   4,931 681
5,646   4,938 708
6,118   4,966 1,152
4,482   3,656 826
2,561   2,091 470
7,250   5,535 1,715
3,304   2,940 364
5,369   4,331 1,038
3,212   3,080 132
1,201   1,274 -73
6,005   6,623 -618
815   791 24
3,151   2,900 251
7,200   8,291 -1,091
5,584   6,762 -1,178
2,263   1,795 468
2,784   3,657 -873
8,936   12,076 -3,140
3,015   4,394 -1,379
3,150   4,407 -1,257
1,530   1,900 -370
3,653   3,350 303
10,601   13,088 -2,487
3,489   2,990 499
4,200   5,743 -1,543
3,182   4,054 -872
7,424   9,225 -1,801
3,798   2,983 815
5,046   5,473 -427
5,795   5,122 673
8,213   7,880 333
7,084   4,992 2,092
8,864   7,958 906
567   427 140
2,953   3,484 -531
14,650   16,451 -1,801
6,899   4,763 2,136
4,402   3,044 1,358
4,828   3,560 1,268
3,609   3,717 -108
5,639   5,376 263
3,720   3,259 461
476   428 48
7,941   7,443 498
6,971   7,624 -653
12,243   12,444 -201
13,470   9,598 3,872
1,122   1,005 117
3,829   6,211 -2,382
2,261   2,788 -527
51   62 -11
12,728   13,390 -662
63   54 9
6,303   4,757 1,546
126   96 30
2,647   1,902 745
4,541   4,793 -252
15,196   15,810 -614
2,231   1,816 415
3,477   4,259 -782
4,347   5,160 -813
3,082   3,980 -898
3,457   2,514 943
5,734   4,180 1,554
560   545 15
248   143 105
2,632   1,538 1,094
397   254 143
1,043   513 530
2,730   975 1,755
5,816   6,259 -443
3,260   3,289 -29
    31 -31
961   1,147 -186
1,949   1,786 163
3,098   3,104 -6
2,804   2,989 -185
3,588   2,490 1,098
2,087   1,120 967
133   70 63
311   173 138
2,659   4,561 -1,902
3,910   4,013 -103
2,566   1,568 998
2,884   1,094 1,790
    31 -31
1,005   1,223 -218
137   170 -33
3,199   2,829 370
3,880   4,473 -593
1,666   1,918 -252
571   528 43
3,150   2,648 502
2,344   2,575 -231
2,839   3,152 -313
1,183   1,050 133
5,699   4,778 921
    1 -1
1,745   1,705 40
49,973   44,712 5,261
44,577   42,791 1,786
27,619   26,092 1,527
1,319   1,227 92
22,706   22,474 232
23,319   21,587 1,732
26,138   24,454 1,684
26,304   25,714 590
27,968   25,752 2,216
1,938   1,711 227
75,473   71,369 4,104
48,918   48,044 874
23,537   23,806 -269
6,910   7,411 -501
46,440   47,746 -1,306
6,981   7,469 -488
6,921   7,438 -517
6,866   7,445 -579
9,211   9,967 -756
71,186   77,678 -6,492
43,655   47,653 -3,998
46,050   49,683 -3,633
9,681   10,285 -604
208   212 -4
16,238   16,082 156
46,130   46,880 -750
51,049   49,330 1,719
25,142   25,755 -613
21,851   23,180 -1,329
24,701   25,830 -1,129
24,270   24,999 -729
23,137   24,226 -1,089
23,049   24,064 -1,015
24,530   24,947 -417
1,520   1,670 -150
24,550   25,229 -679
25,610   28,272 -2,662
21,612   23,849 -2,237
15,321   16,694 -1,373
30,314   31,852 -1,538
9,629   10,411 -782
41,083   40,329 754
39,596   40,102 -506
18,096   17,818 278
19,448   19,278 170
41,203   39,424 1,779
43,802   41,984 1,818
211   199 12
211   205 6
39,942   40,221 -279
166   170 -4
170   167 3
86   84 2
40,367   40,796 -429
112   110 2
111   110 1
80,830   81,233 -403
22,975   21,179 1,796
28,452   27,482 970
41,628   39,065 2,563
41,544   40,598 946
22,055   20,740 1,315
4,922   1,885 3,037
5,943   2,064 3,879
299   133 166
9,534   7,203 2,331
3,794   2,367 1,427
1,957   1,215 742
1,717   1,061 656
2,953   1,817 1,136
489   377 112
1,729   1,731 -2
2,073   1,245 828
    24 -24
1   25 -24
2,068   1,392 676
1,926   1,335 591
4,593   2,966 1,627
765   552 213
6,390   1,460 4,930
16   13 3
3,773   3,075 698
227   201 26
4,158   1,898 2,260
792   433 359
5,060   3,038 2,022
212   124 88
56,000   56,000 0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,338
b       -1,031
c       -73
d       -574
e       -225
      347
      61
      1,752
      2,072
      150
      68
      -221
      -691
      -440
      -122
      59
      -135
      390
      3,104
      1,032
      -461
      -904
      641
      355
      2,537
      681
      708
      1,152
      826
      470
      1,715
      364
      1,038
      132
      -73
      -618
      24
      251
      -1,091
      -1,178
      468
      -873
      -3,140
      -1,379
      -1,257
      -370
      303
      -2,487
      499
      -1,543
      -872
      -1,801
      815
      -427
      673
      333
      2,092
      906
      140
      -531
      -1,801
      2,136
      1,358
      1,268
      -108
      263
      461
      48
      498
      -653
      -201
      3,872
      117
      -2,382
      -527
      -11
      -662
      9
      1,546
      30
      745
      -252
      -614
      415
      -782
      -813
      -898
      943
      1,554
      15
      105
      1,094
      143
      530
      1,755
      -443
      -29
      -31
      -186
      163
      -6
      -185
      1,098
      967
      63
      138
      -1,902
      -103
      998
      1,790
      -31
      -218
      -33
      370
      -593
      -252
      43
      502
      -231
      -313
      133
      921
      -1
      40
      5,261
      1,786
      1,527
      92
      232
      1,732
      1,684
      590
      2,216
      227
      4,104
      874
      -269
      -501
      -1,306
      -488
      -517
      -579
      -756
      -6,492
      -3,998
      -3,633
      -604
      -4
      156
      -750
      1,719
      -613
      -1,329
      -1,129
      -729
      -1,089
      -1,015
      -417
      -150
      -679
      -2,662
      -2,237
      -1,373
      -1,538
      -782
      754
      -506
      278
      170
      1,779
      1,818
      12
      6
      -279
      -4
      3
      2
      -429
      2
      1
      -403
      1,796
      970
      2,563
      946
      1,315
      3,037
      3,879
      166
      2,331
      1,427
      742
      656
      1,136
      112
      -2
      828
      -24
      -24
      676
      591
      1,627
      213
      4,930
      3
      698
      26
      2,260
      359
      2,022
      88
      0
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 41,961
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 164,457 2,951,246 0.055725
2008 185,307 3,331,571 0.055622
2007 70,000 3,725,089 0.018791
2006 26,000 1,467,753 0.017714
2005 41,856 687,345 0.060895
2 Total of line 1, column (d) ...................... 2 0.208747
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.041749
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,131,593
5 Multiply line 4 by line 3....................... 5 130,741
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 463
7 Add lines 5 and 6......................... 7 131,204
8 Enter qualifying distributions from Part XII, line 4.............. 8 150,630
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 463
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 463
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 463
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,137
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,137
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 674
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet674 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNJ
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDouglas Boustead Telephone no.bullet (914) 762-1234
    Located atbullet540 North State RoadBriarcliff ManorNY ZIP+4bullet10510
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Douglas Boustead President
    1.00     		0 0 0
    18 Idlewood Road
    White Plains,NY10605
    Michael Boustead Secretary/Treasurer
    1.00     		0 0 0
    560 Shady Dell Road
    York,PA17403
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,724,908
    b
    Average of monthly cash balances.......................
    1b
    454,374
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,179,282
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    3,179,282
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    47,689
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,131,593
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    156,580
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    156,580
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    463
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    463
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    156,117
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    156,117
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    156,117
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    150,630
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    150,630
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    463
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    150,167
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 156,117
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 146,148
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 150,630
    a Applied to 2009, but not more than line 2a 146,148
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 4,482
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		151,635
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Alice Curtis Desmond and Hamilton Fish Library
    PO Box 265
    Garrison,NY10524     		N/A Tax Exempt Library Unrestricted Support 4,000
    Friends of the Schroon Lake Library
    PO Box 253
    Schroon Lake,NY12870     		N/A Tax Exempt Library S Unrestricted Support 4,000
    Allegheny College
    520 North Main Street
    Meadville,PA16335     		N/A Tax Exempt College Unrestricted Support 20,000
    SPCA of Upstate New York Inc
    PO Box 171
    Hudson Falls,NY12839     		N/A Tax Exempt Charity Unrestricted Support 5,000
    Schroon Lake Volunteer Fire Department
    PO Box 456
    Schroon Lake,NY12870     		N/A Tax Exempt Charity Unrestricted Support 20,000
    Cystic Fibrosis Foundation
    6931 Arlington Road
    Bethesda,MD20814     		N/A Tax Exempt Charity Unrestricted Support 5,000
    North Country SPCA
    23 Lake Shore Rd
    Westport,NY12993     		N/A Tax Exempt Charity Unrestricted Support 15,000
    The Nascar Foundation
    301 South Tryon Street - Suite 1710
    Charlotte,NC28202     		N/A Tax Exempt Charity Unrestricted Support 1,000
    Guiding Eyes for the Blind
    611 Granite Springs Road
    Yorktown Heights,NY10598     		N/A Tax Exempt Charity Unrestricted Support 1,000
    Susquehanna University
    514 University Avenue
    Selingrove,PA17870     		N/A Tax Exempt College Unrestricted Support 10,000
    St Matthews Lutheran Evangelical Church
    839 West Market St
    York,PA17404     		N/A Tax Exempt Church Unrestricted Support 45,000
    York College of Pennsylvania
    441 Country Club Road
    York,PA17403     		N/A Tax Exempt Charity Unrestricted Support 10,000
    Pregnancy and Family Resource Center
    46 W Princess Street
    York,PA17401     		N/A Tax Exempt Charity Unrestricted Support 10,000
    Total .................................bullet 3a 150,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 27,172  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 41,961  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 69,133 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    1369,133
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Boustead and Costello, CPA's 2,520 1,890   630

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS BAN DTD 04/16/2008 BANK NOTE R/MD 5.50 04/16/2013 107,779 107,779
    BANK OF AMER CORP SR NOTES BOOK/ENTRY DD 9/11/2007 R/MD 5.375 09/11 105,029 105,029
    CONSOLIDATED NAT GAS DTD 11/18/2004 R/MD 5.00 12/01/2014 108,736 108,736
    GOLDMAN SACHS GROUP INC GLOBAL BOOK/ENTRY DTD 1/13/04 R/MD 5.15 01 107,706 107,706
    JPMORGAN CHASE & CO BOOK/ENTRY DTD 05/18/2009 R/MD 4.65 06/01/2014 106,739 106,739
    MORGAN STANLEY GLOBAL SUB NOTES BOOK/ENTRY DD 3/30/2004 R/MD 4.75 102,403 102,403
    WELLS FARGO & CO DTD 11/06/2002 R/MD 5.00 11/15/2014 106,187 106,187
    Calpine Corp Senior Notes 1,065 1,065

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DENBURY RES INC NEW (HOLDING COMPANY) 19,090 19,090
    GOLDMAN SACHS GROUP INC 16,816 16,816
    WELLS FARGO & CO NEW 9,297 9,297
    SPDR S&P 500ETF TRUST 75,450 75,450
    SPDR S&P MIDCAP 400 ETF TR 32,936 32,936
    ISHARES BARCLAYS TREAS INFLATION PROTECTED SECS FD 107,520 107,520
    TEMPLETON GLOBAL BOND FUND CLASS C 76,402 76,402
    IBM 51,366 51,366
    iShares Trust Russell 2000 Index Fund 131,678 131,678
    SPDR S&P 500 ETF Trust 127,636 127,636
    Teekay Corp 15,448 15,448
    American Tower Corp 35,218 35,218
    BHP Billiton PLC 20,367 20,367
    Blackrock Inc. 30,874 30,874
    Boeing Co 26,887 26,887
    Borgwarner Inc 21,057 21,057
    Caterpillar Inc 16,859 16,859
    Coca Cola 17,296 17,296
    Cummins Engine Inc 19,582 19,582
    Deere & Co 19,849 19,849
    Discovery Communications 5,393 5,393
    Ebay Inc 17,783 17,783
    Ecolab Inc 11,748 11,748
    Enterprise Products Partners LP 14,147 14,147
    Goldman Sachs Group Inc 22,533 22,533
    Hunt JB Transportation Services 17,997 17,997
    IBM 22,014 22,014
    Lubrizol Corp 16,460 16,460
    Monsanto Co 23,956 23,956
    Nextera Energy Inc 14,713 14,713
    Norfolk Southern Corp 13,569 13,569
    Occidental Pete Corp 18,541 18,541
    Pall Corp 17,006 17,006
    Praxair Inc 17,280 17,280
    Proctor & Gamble Co 22,323 22,323
    Rovi Corp 21,828 21,828
    Schlumberger Ltd 10,521 10,521
    Suncor Energy Inc 15,048 15,048
    UPS Inc 21,629 21,629
    Verisk Analytics Inc 18,983 18,983
    Montpelier RE Holdings 18,744 18,744
    White Mountains Insurance Group 12,417 12,417
    AOL Inc 14,961 14,961
    Advent Software Inc. 13,785 13,785
    Albemarle Corp. 19,523 19,523
    Alexander & Baldwin Inc. 24,338 24,338
    Alleghany Corp. 10,723 10,723
    Atwood Oceanics Inc. 23,356 23,356
    Cabelas Inc. 22,990 22,990
    Capella Ed Co. 17,843 17,843
    Carmax Inc. 10,903 10,903
    Constellation Brands Inc. 14,331 14,331
    Corrections Corp. 21,176 21,176
    Eaton Vance Corp. 9,220 9,220
    Energizer Holdings 12,612 12,612
    Force Protn Inc. 13,048 13,048
    Hasbro Inc 13,069 13,069
    Investors Title Co. 3,483 3,483
    Kinder Morgan Management LC 18,793 18,793
    Knoll Inc. 8,767 8,767
    MBIA Inc. 21,522 21,522
    Martin Marietta Material Inc. 11,899 11,899
    Micrel Inc. 12,860 12,860
    Newmarket Corp. 26,278 26,278
    Old Dominion Freight Line Inc. 20,346 20,346
    Owens and Minor Inc. 9,682 9,682
    Pricesmart Inc. 24,301 24,301
    Service Corp. International 15,230 15,230
    Sturm Ruger & Co. Inc. 10,489 10,489
    Tejon Ranch Co. 13,031 13,031
    Tenet Healthcare Corp. 19,575 19,575
    Tredegar Corp. 17,810 17,810
    Valueclick Inc. 19,428 19,428
    Wesco Financial Corp. 6,631 6,631
    First Industrial Realty Trust 5,974 5,974
    Hatteras Financial Corp. 12,108 12,108
    UDR Inc. 14,535 14,535

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    US Government Securities - End of Year Book Value:

    305,336
    US Government Securities - End of Year Fair Market Value:

    305,336
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 OtherAssetsSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Excise Tax 1,137 674 674
    Accrued Interest on Bonds   9,943 9,943


    TY 2010 OtherIncreasesSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Description Amount
    Unrealized Gain on Securities 217,881


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Credit Suisse Management Fees 20,960 20,960   0


    TY 2010 TaxesSchedule
    Name:
    The Boustead Family Foundation Inc
    EIN: 52-2097838
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Tax 463 0   0
    New Jersey CAR100 Fee 25 0   0