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 RILEY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)4518 POPLAR SPRINGS DRIVE   Room/suite
City or town, state, and ZIP code
MERIDIAN, MS39305
A Employer identification number

64-0707746
B Telephone number (see page 10 of the instructions)

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$57,429,113J 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...... 2,353,676 2,353,676  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 626,697
b Gross sales price for all assets on line 6a 19,627,070
7 Capital gain net income (from Part IV, line 2)...  
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)....... Click to see attachment 134,247 133,304  
12 Total. Add lines 1 through 11........ 3,114,620 2,486,980  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 518,803 127,694   314,150
14 Other employee salaries and wages...... 52,307 5,231   39,231
15 Pension plans, employee benefits....... 207,051 35,860   130,137
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 18,550 4,636   4,619
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 45,653      
19 Depreciation (attach schedule) and depletion... Click to see attachment 97,721    
20 Occupancy.............. 64,332 12,866   39,183
21 Travel, conferences, and meetings....... 3,236 88   3,017
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 108,822 17,950   72,689
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,116,475 204,325   603,026
25 Contributions, gifts, grants paid........ 1,458,861 1,458,861
26 Total expenses and disbursements. Add lines 24 and 25 2,575,336 204,325   2,061,887
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 539,284
b Net investment income (if negative, enter -0-) 2,282,655
c Adjusted net income (if negative, enter -0-)... 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.......... 2,858,466 4,675,249 4,675,249
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........... 3,405 6,464 6,464
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 34,988,348 Click to see attachment42,303,296 42,303,296
c Investments—corporate bonds (attach schedule)........ 10,274,167 Click to see attachment6,741,492 6,741,492
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 178,954 Click to see attachment131,781 131,781
14 Land, buildings, and equipment: basis bullet3,686,493
Less: accumulated depreciation (attach schedule) bullet1,189,488 2,584,630 Click to see attachment2,497,005 3,570,831
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,887,970 56,355,287 57,429,113
Liabilities 17 Accounts payable and accrued expenses.......... 7,404 3,419
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).......... 7,404 3,419
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 50,880,566 56,351,868
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).................... 50,880,566 56,351,868
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 50,887,970 56,355,287
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 50,880,566
2 Enter amount from Part I, line 27a...................... 2 539,284
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,932,018
4 Add lines 1, 2, and 3.......................... 4 56,351,868
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 56,351,868
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 DUKE REALTY P 2009-12-31 2010-01-26
b REALTY INCOME GROUP P 2009-12-31 2010-01-26
c CENTRAL PARK 1000 SHARES FIXED P 2003-11-12 2010-01-04
d GOODYEAR TIRE 700000 CORP BOND P 2004-09-09 2010-02-17
e PLY GEM 100000 CORP BOND P 2005-01-20 2010-02-15
KAYNE ANDERSON 9572 SHARES COMMON P 2009-12-31 2010-02-19
GENWORTH 17000 SHARES COMMON P 2009-09-24 2010-02-11
XL CAPITAL 11466 SHARES COMMON P 2005-11-15 2010-02-11
MARSHALL IVEY 23377 SHARES COMMON P 2005-11-30 2010-02-11
CORP EX BD 2500 SHARES COMMON P 2007-05-03 2010-02-11
C D 5000 SHARES COMMON P 2007-09-17 2010-02-11
ALLIED 40000 SHARES COMMON P 2006-11-13 2010-02-11
WORLD COM SETTLEMENT P 2009-12-31 2010-03-31
CEMEX 10146 SHARES COMMON P 2003-10-16 2010-03-12
CITIGROUP 10000 SHARES COMMON P 2000-06-06 2010-03-12
CONVERSE TECH 10000 SHARES COMMON P 2006-11-15 2010-03-12
DELL INC 10000 SHARES COMMON P 2006-03-21 2010-03-12
HEALTH MGT 10000 SHARES COMMON P 2001-01-17 2010-03-12
MACQUIRE 2000 SHARES COMMON P 2004-02-15 2010-03-12
MOTOROLLA 5000 SHARES COMMON P 2005-08-04 2010-03-12
REPUBLIC AIRWAYS 10000 SHARES COMM P 2006-10-23 2010-03-12
RITE AID 20000 SHARES COMMON P 2006-05-09 2010-03-12
SINOPEC 1000 SHARES COMMON P 2007-09-17 2010-03-12
SUPERVALUE 11485 SHARES COMMON P 2006-10-20 2010-03-12
QWEST LITIGATION P 2009-12-31 2010-04-05
WORLDCOM VICTIM TRUST P 2009-12-31 2010-04-20
SIRUS 100000 CORP BOND P 2006-01-11 2010-04-16
CIT GROUP 1683 SHARES COMMON P 2010-01-26 2010-04-07
FAIRPOINT 188 SHARES COMMON P 2006-02-19 2010-04-09
MEDTRONIC 4500 SHARES COMMON P 2001-01-04 2010-04-07
PACCAR 2500 SHARES COMMON P 2008-04-29 2010-04-07
REGIONS 6346 SHARES COMMON P 2004-06-08 2010-04-07
SCHLUMBERGER 1000 SHARES COMMON P 2008-05-27 2010-04-07
UNITED HEALTH 5000 SHARES COMMON P 2008-06-04 2010-04-07
WASHINGTON MUTUAL 5000 SHARES COMM P 2004-06-21 2010-04-09
WEYERHAUSER 5000 SHARES COMMON P 2003-10-30 2010-04-07
GENERAL MOTORS P 2009-12-31 2010-05-17
PUBLIC STORAGE 6000 SHARES PRFD P 2003-04-03 2010-05-18
WASHINGTON MUTUAL 265000 CORP BOND P 2000-04-04 2010-05-13
MONTPELIER 15500 SHARES COMMON P 2007-04-19 2010-05-13
MASCO 14000 SHARES COMMON P 2004-06-28 2010-05-13
AVERY DENNISON 5000 SHARES COMMON P 1998-02-10 2010-05-13
COMCAST 1500 SHARES COMMON P 2005-08-25 2010-05-13
HALLIBURTON 4000 SHARES COMMON P 2003-08-15 2010-05-13
INDOSAT 900 SHARES COMMON P 2007-09-17 2010-05-13
FREMONT 250000 CORP BOND P 2006-11-09 2010-06-16
AMKOR 300000 CORP BOND P 2004-11-08 2010-06-03
AMKOR 200000 CORP BOND P 2005-08-09 2010-06-30
STD PACIFIC 250000 CORP BOND P 2006-06-21 2010-06-02
BANK OF AMERICA 4000 SHARES COMMON P 2005-03-08 2010-06-09
DUKE REALTY 12500 SHARES COMMON P 2002-01-14 2010-06-09
DWS 5000 SHARES COMMON P 2006-11-21 2010-06-09
HUNTSMAN 30000 SHARES COMMON P 2007-05-07 2010-06-09
RESEARCH IN MTN 2000 SHARES COMMON P 2008-10-02 2010-06-09
ABITIBI CO 400000 CORP BOND P 2005-04-22 2010-07-07
GM 20000 SHARES PFD P 2001-06-28 2010-07-07
TOUSA 250000 CORP BOND P 2005-09-01 2010-07-07
CBL 10000 SHARES PFD P 2003-08-06 2010-07-08
ENTERTAINMENT 10000 SHARES PFD P 2007-05-04 2010-07-08
FELCOR 10000 SHARES PFD P 2005-03-08 2010-07-08
RADIAN 100000 CORP BOND P 2005-01-20 2010-07-08
RITE AID 100000 CORP BOND P 2005-01-20 2010-07-08
UNITED RENTALS 500000 CORP BOND P 2005-01-07 2010-07-08
GMX 4000 SHARES PFD P 2006-08-08 2010-07-09
GREENBRIAR 500000 CORP BOND P 2007-04-19 2010-07-09
LEXINGTON 10000 SHARES PFD P 2007-02-09 2010-07-09
PIMCO 7444 SHARES MUTUAL FUND P 2003-05-30 2010-07-09
PHOENIX 20000 SHARES PFD P 2003-03-11 2010-07-09
S L GREEN 10000 SHARES PFD P 2003-12-03 2010-07-09
SUNSTONE 10000 SHARES PFD P 2005-03-11 2010-07-09
VOUGHT 500000 CORP BOND P 2005-01-20 2010-07-16
PARKWAY 1100 SHARES PFD P 2003-05-28 2010-07-21
IDOSAT 4100 SHARES COMMON P 2009-09-17 2010-07-19
TEMPLETON XXX-XX-XXXX SHARES MF P 2001-12-22 2010-07-20
ALLIANCE 17025597 SHARES MF P 2005-08-22 2010-07-20
CYBERSOURCE 10000 SHARES COMMON P 2000-01-30 2010-07-22
FRONTIER CASH IN LIEU COMMON P 2006-02-09 2010-07-01
PARKWAY 38900 SHARES PFD P 2003-06-29 2010-08-03
ALCOA 50000 CORP BOND P 2009-02-23 2010-08-21
CIT GROUP 19556 SHARES PFD P 2007-11-13 2010-08-30
CITIGROUP 29334 CORP BOND P 2007-11-13 2010-08-30
CITIGROUP 29334 CORP BOND P 2007-11-13 2010-08-30
CITIGROUP 48891 CORP BOND P 2007-11-13 2010-08-30
CITIGROUP 128736 CORP BOND P 2007-11-13 2010-08-30
FOREST CITY 8000 SHARES PFD P 2004-02-03 2010-08-30
GMAC LLC 33000 SHARES PFD P 2006-10-11 2010-08-31
LUCENT TECH 650000 CORP BOND P 2005-07-14 2010-08-30
TRIMBLE 12400 SHARES COMMON P 2000-03-13 2010-08-30
STRYKER 2500 SHARES COMMON P 2008-05-07 2010-08-30
STRYKER 2500 SHARES COMMON P 2010-04-07 2010-08-30
HOME DEPOT 5000 SHARES COMMON P 2005-08-18 2010-08-30
L 3 2000 SHARES COMMON P 2006-05-15 2010-08-30
WISDOM TREE 2500 SHARES COMMON P 2008-04-11 2010-08-31
CUSCI 3000 SHARES COMMON P 2008-05-07 2010-08-30
BANK OF AMERICA 4000 SHARES COMMON P 2006-11-07 2010-08-31
TYCO INTERNATIONAL P 2009-12-31 2010-09-08
LAND OF LAKES 750000 CORP BOND P 2005-03-09 2010-09-07
FREMONT MERGER P 2006-11-09 2010-10-14
MICROSOFT 16500 SHARES COMMON P 2003-07-25 2010-10-07
HUGSTON ROYALTY 6000 SHARES COMMON P 2007-04-27 2010-10-07
TRUSTMARK 10000 SHARES COMMON P 2004-05-14 2010-10-07
SYSCO 4000 SHARES COMMON P 2005-02-24 2010-10-07
GENERAL MOTORS P 2009-12-31 2010-11-23
AVERY DENNISON 12682 SHARES PFD P 2008-07-21 2010-11-17
KAYNE ANDERSON 5121 SHARES COMMON P 2009-10-16 2010-11-01
UPS 5000 SHARES COMMON P 2004-03-02 2010-11-05
PFIZER 15000 SHARES COMMON P 2008-08-27 2010-11-05
BERKLEY 9000 SHARES COMMON P 2005-02-15 2010-11-05
BERKLEY 4500 SHARES COMMON P 2010-05-13 2010-11-05
PROCTER GAMBLE 2200 SHARES COMMON P 2006-11-02 2010-11-05
STANLEY WORKS 100000 CORP BOND P 2009-09-16 2010-12-08
CASE CORP 213000 CORP BOND P 2005-07-14 2010-12-06
CORPORATE BKD 20000 SHARES PFD P 2003-10-29 2010-12-06
UNUMPROVIDENT 4000 SHARES PFD P 2003-09-09 2010-12-06
UNION PLANTERS 100000 CORP BOND P 2005-01-20 2010-12-01
NEXTEL COMM 200000 CORP BOND P 2006-09-25 2010-12-06
PARKWAY PROP 10000 SHARES PFD P 2003-10-08 2010-12-06
NUCOR 2000 SHARES COMMON P 2005-08-02 2010-12-03
NUCOR 4700 SHARES COMMON P 2010-06-09 2010-12-03
SPECTRA ENERGY 5000 SHARES COMMON P 1998-12-27 2010-12-03
BRISTOL MYERS 1000 SHARES COMMON P 2007-04-19 2010-12-03
(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 2,502     2,502
b 4,113     4,113
c 19,180   15,783 3,397
d 712,250   702,250 10,000
e 100,000   87,875 12,125
2,479   2,477 2
243,551   508,450 -264,899
200,932   850,446 -649,514
147,969   855,801 -707,832
54,198   164,266 -110,068
7,658   25,679 -18,021
4,061   22,670 -18,609
14,087     14,087
104,773   141,318 -36,545
39,994   452,886 -412,892
89,794   177,828 -88,034
140,893   308,068 -167,175
74,618   149,230 -74,612
28,443   43,527 -15,084
34,544   110,250 -75,706
53,395   161,251 -107,856
30,787   96,600 -65,813
39,195   68,054 -28,859
197,766   441,943 -244,177
1,532     1,532
3,704     3,704
104,813   100,000 4,813
65,428   54,647 10,781
7   1,330 -1,323
201,053   245,941 -44,888
110,154   118,868 -8,714
52,233   195,633 -143,400
65,685   101,552 -35,867
163,548   170,526 -6,978
727   206,344 -205,617
228,090   309,700 -81,610
40,686     40,686
150,000   157,500 -7,500
266,325   265,000 1,325
257,069   265,988 -8,919
211,110   437,031 -225,921
185,385   249,205 -63,820
25,600   30,543 -4,943
116,364   116,620 -256
26,632   34,101 -7,469
250,000   250,000  
303,876   279,000 24,876
209,766   176,500 33,266
264,263   237,500 26,763
61,157   186,150 -124,993
146,469   300,222 -153,753
61,627   199,977 -138,350
282,745   691,090 -408,345
118,416   124,480 -6,064
47,500   355,500 -308,000
127,500   500,000 -372,500
7,238   235,625 -228,387
215,996   250,000 -34,004
208,996   250,000 -41,004
189,997   250,000 -60,003
77,500   99,000 -21,500
86,500   87,500 -1,000
463,750   486,250 -22,500
88,998   100,000 -11,002
468,125   509,625 -41,500
199,494   250,000 -50,506
73,469   74,281 -812
302,795   498,500 -195,705
228,736   250,000 -21,264
228,750   250,000 -21,250
500,000   497,500 2,500
25,790   27,500 -1,710
112,558   154,827 -42,269
733,353   534,885 198,468
227,121   261,005 -33,884
260,000   90,030 169,970
5     5
914,009   1,000,900 -86,891
53,125   43,625 9,500
19,263   19,556 -293
28,307   29,334 -1,027
28,014   32,184 -4,170
46,202   53,640 -7,438
63,999   128,736 -64,737
175,757   200,000 -24,243
707,710   802,498 -94,788
438,750   601,250 -162,500
350,751   122,308 228,443
107,576   156,765 -49,189
107,576   143,205 -35,629
139,620   203,450 -63,830
134,913   166,861 -31,948
102,357   146,193 -43,836
63,056   77,550 -14,494
49,593   218,584 -168,991
42     42
656,250   615,650 40,600
993     993
392,027   515,792 -123,765
118,260   152,444 -34,184
214,790   264,200 -49,410
112,713   138,625 -25,912
4,587     4,587
458,604   656,500 -197,896
133,599   119,013 14,586
341,540   349,638 -8,098
263,292   339,200 -75,908
123,228   105,764 17,464
123,228   123,251 -23
140,574   139,324 1,250
100,000   82,005 17,995
228,443   213,532 14,911
440,040   500,000 -59,960
96,800   101,795 -4,995
100,000   83,945 16,055
192,560   187,120 5,440
243,110   264,200 -21,090
79,768   58,762 21,006
187,455   197,002 -9,547
122,996   122,143 853
25,776   28,428 -2,652
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       2,502
b       4,113
c       3,397
d       10,000
e       12,125
      2
      -264,899
      -649,514
      -707,832
      -110,068
      -18,021
      -18,609
      14,087
      -36,545
      -412,892
      -88,034
      -167,175
      -74,612
      -15,084
      -75,706
      -107,856
      -65,813
      -28,859
      -244,177
      1,532
      3,704
      4,813
      10,781
      -1,323
      -44,888
      -8,714
      -143,400
      -35,867
      -6,978
      -205,617
      -81,610
      40,686
      -7,500
      1,325
      -8,919
      -225,921
      -63,820
      -4,943
      -256
      -7,469
       
      24,876
      33,266
      26,763
      -124,993
      -153,753
      -138,350
      -408,345
      -6,064
      -308,000
      -372,500
      -228,387
      -34,004
      -41,004
      -60,003
      -21,500
      -1,000
      -22,500
      -11,002
      -41,500
      -50,506
      -812
      -195,705
      -21,264
      -21,250
      2,500
      -1,710
      -42,269
      198,468
      -33,884
      169,970
      5
      -86,891
      9,500
      -293
      -1,027
      -4,170
      -7,438
      -64,737
      -24,243
      -94,788
      -162,500
      228,443
      -49,189
      -35,629
      -63,830
      -31,948
      -43,836
      -14,494
      -168,991
      42
      40,600
      993
      -123,765
      -34,184
      -49,410
      -25,912
      4,587
      -197,896
      14,586
      -8,098
      -75,908
      17,464
      -23
      1,250
      17,995
      14,911
      -59,960
      -4,995
      16,055
      5,440
      -21,090
      21,006
      -9,547
      853
      -2,652
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 -6,782,030
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 -270,331
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 1,320,792 40,518,309 0.032597
2008 1,910,827 46,249,152 0.041316
2007 4,458,046 57,057,152 0.078133
2006 4,686,925 54,098,971 0.086636
2005 7,781,719 57,382,430 0.135612
2 Total of line 1, column (d) ...................... 2 0.374294
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 0.074859
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 50,032,501
5 Multiply line 4 by line 3....................... 5 3,745,383
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 22,827
7 Add lines 5 and 6......................... 7 3,768,210
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,069,069
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 45,653
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 45,653
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 45,653
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 47,905
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 47,905
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 2,252
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet2,252 Refunded Bullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
    Yes
     
    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)bulletMS
    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 addressbulletWWW.RILEYFOUNDATION.ORG
    14
    The books are in care ofbulletBECKY FARLEY Telephone no.bullet (601) 481-1430
    Located atbullet4518 POPLAR SPRINGS DRIVEMERIDIANMS ZIP+4bullet39305
    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
     
     
    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
    WILLIAM G RILEY CHAIRMAN
    30     		109,941 43,679 0
    4518 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39305
    I A ROSENBAUM PRESIDENT
    30     		109,941 28,202 0
    4518 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39305
    BOB DEEN VICE PRES
    30     		109,941 41,768 0
    4518 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39305
    MARTY DAVIDSON DIRECTOR
    15     		32,500 0 0
    BOX 3804
    MERIDIAN,MS39303
    EDWIN DOWNER DIRECTOR
    5     		12,000 0 0
    7642 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39302
    RICHARD F RILEY JR DIRECTOR
    5     		12,000 0 0
    3000 K ST NW
    WASHINGTON,DC20007
    GAIL W RILEY DIRECTOR
    5     		12,000 0 0
    7642 STOCKTON AVE
    EL CERRITO,CA94530
    MALCOLM POTERA DIRECTOR
    5     		12,000 0 0
    401 QUEEN CITY AVENUE
    TUSCALOOSA,AL35401
    TOMMY DULANEY DIRECTOR
    6     		14,750 0 0
    BOX 2929
    MERIDIAN,MS39302
    MARY ANN RILEY DIRECTOR
    5     		12,000 0 0
    1805 36TH ST
    MERIDIAN,MS39305
    BECKY FARLEY EXEC DIRECTOR
    40     		81,730 36,756 0
    4518 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39305
    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  
    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.............bullet  
    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...........................bullet  
    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
    47,321,064
    b
    Average of monthly cash balances.......................
    1b
    3,159,601
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    313,752
    d
    Total (add lines 1a, b, and c).........................
    1d
    50,794,417
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    50,794,417
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    761,916
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    50,032,501
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    2,501,625
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,501,625
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    45,653
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    45,653
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,455,972
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    943
    5
    Add lines 3 and 4.............................
    5
    2,456,915
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    2,456,915
    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
    2,061,887
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    7,182
    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
    2,069,069
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,069,069
    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 2,456,915
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 2,504,643
    b From 2006....... 2,034,825
    c From 2007....... 1,694,686
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 6,234,154
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,069,069
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 2,069,069
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010. 387,846 387,846
    (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 5,846,308
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    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) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		2,116,797
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		3,729,511
    10 Analysis of line 9:
    a Excess from 2006.... 2,034,825
    b Excess from 2007.... 1,694,686
    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).)
    NONE
    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.
    NONE
    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:
    BECKY FARLEY
    4518 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39305
    (601) 481-1430
    bThe form in which applications should be submitted and information and materials they should include:
    FOUNDATION APPLICATIONS PROVIDED UPON REQUEST
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LAUDERDALE COUNTY MISSISSIPPI
    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
    AMERICAN RED CROSS KEY CHAPTER
    1711 24TH AVE
    Meridian,MS39301     		    SUMMER WORKPROGRAM 6,500
    ASSOC OF SMALL FOUNDATIONS
    33 WILD BERRY LANE
    Underhill,VT05489     		    SUPPORT 495
    BEST OF BOTH WORLDS ADDICTION
    8364 HAM ROAD
    Meridian,MS39305     		    OPERATING SUPPORT 25,000
    BOYS AND GIRLS CLUB OF LAUD
    1717 45TH AVE
    Meridian,MS39304     		    CONTRIBUTION 10,000
    CARE LODGE DOMESTIC VIOLENCE
    P O BOX 5331
    Meridian,MS39302     		    RENOVATION OFSHELTER 36,362
    CARE LODGE DOMESTIC VIOLENCE
    P O BOX 5331
    Meridian,MS39302     		    SUMMER WORKPROGRAM 4,500
    COMMUNITY FOUND OF EAST MS
    P O BOX 865
    Meridian,MS39302     		    BUILD OPERATIONALCAPACITY ANDENDOWMENT 100,000
    COMMUNITY FOUND OF EAST MS
    P O BOX 865
    Meridian,MS39302     		    SUMMER WORKPROGRAM 4,000
    COMMUNITY FOUND OF EAST MS
    P O BOX 865
    Meridian,MS39302     		    KEY BROTHERS AIRSHOW 2,000
    EAST MS BUS DEV FOUNDATION
    1901 FRONT STREET STE A
    Meridian,MS39301     		    CONTRIBUTION 500
    EAST MS BUS DEV FOUNDATION
    1901 FRONT STEET STE A
    Meridian,MS39301     		    OPERATINGSUPPORT 1,000
    HOPE VILLAGE FOR CHILDREN
    P O BOX 26
    Meridian,MS39302     		    SUMMER WORKPROGRAM 5,500
    JIMME RODGERS FOUNDATION
    P O DRAWER 2170
    Meridian,MS39302     		    SPARKLE AND TWANGEXHIBT 10,000
    LAUDERDALE CO YOUTH LEADERSHIP
    410 CONSTITUTION AVE 5TH FL
    Meridian,MS39301     		    LEADERSHIPLAUDERDALE 3,500
    LAUDERDALE CO SCHOOL SYSTEM
    P O BOX 5498
    Meridian,MS39302     		    STEM LABS FOR9TH GRADERS 25,000
    LAUD OUTREACH AND VOLUNTEER
    801 18TH AVE
    Meridian,MS39301     		    OPERATING EXPENSE 10,000
    MERIDIAN ART ASSOCIATION
    628 25TH AVE
    Meridian,MS39301     		    OPERATING SUPPORT 10,000
    MERIDIAN COMMUNITY COLLEGE
    910 HWY 19 NORTH
    Meridian,MS39307     		    TUITION GUARANTEEPROGRAM 15,000
    MERIDIAN DISTRICT UMC
    6210 HWY 39 NORTH
    Meridian,MS39305     		    HANDICAP RAMPS 10,000
    MERIDIAN EQUINE THERAPY CENTER
    1000 HWY 19 NORTH
    Meridian,MS39307     		    THERAPEUTICRIDING PROGRAM 10,000
    MERIDIAN LITTLE THEATRE
    P O BOX 3157
    Meridian,MS39303     		    OPERATING FUNDS 10,000
    MERIDIAN PUBLIC SCHOOL DIST
    1019 25TH AVE
    Meridian,MS39301     		    HIGH SCHOOL BANDINSTRUMENTS 10,000
    MERIDIAN SYMPHONY ASSOCIATION
    P O BOX 2171
    Meridian,MS39302     		    CONCERTBRAVE THEELEMENTS 12,000
    MERIDIAN SYMPHONY ASSOCIATION
    P O BOX 2171
    Meridian,MS39302     		    50TH ANNIVERSARYSEASON 25,000
    MERIDIAN SYMPHONY ASSOCIATION
    P O BOX 2171
    Meridian,MS39302     		    SUMMER WORKPROGRAM 6,500
    MERIDIAN SYMPHONY ASSOCIATION
    P O BOX 2171
    Meridian,MS39302     		    DONATION 188
    MERIDIAN SYMPHONY ASSOCIATION
    P O BOX 2171
    Meridian,MS39302     		    RECORDERS FORLINK UP PROGRAM 5,000
    ALDERSGATE PERSONAL CARE
    6600 POPLAR SPRINGS DRIVE
    Meridian,MS39305     		    SUMMER WORKPROGRAM 4,000
    POPLAR SPRINGS DRIVE UMC
    3973 POPLAR SPRINGS DRIVE
    Meridian,MS39305     		    DONATION 50
    NAVAL AIR STATION
    255 ROSENBAUM DRIVE
    Meridian,MS39305     		    AIR SHOW 1,000
    MISSISSIPPI ARTS COMMISSION
    501 NORTH WEST ST SUITE 1101A
    Jackson,MS39201     		    WHOLE SCHOOLSSUMMER INSTITUTE 50,000
    MS JUNION MISS PROGRAM
    P O BOX 582
    Meridian,MS39302     		    SUMMER WORKPROGRAM 4,000
    MISSISSIPPI STATE UNIVERSITY
    610 ALLEN HALL
    Mississippi State,MS39762     		    STUDENTINTERNSHIPPROGRAM 17,500
    MISSISSIPPI STATE UNIVERSITY
    610 ALLEN HALL
    Mississippi State,MS39762     		    SUMMER WORKPROGRAM 6,500
    MISSISSIPPI STATE UNIVERSITY
    610 ALLEN HALL
    Mississippi State,MS39762     		    RILEY SCHOLARS 5,000
    MS STATE UNIVERSITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    RENOVATION OFNEWBERRY BUILDING 500,000
    MS STATE UNIVESITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    MSU MERIDIANSCHOLARSHIPPROGRAM 300,000
    MS STATE UNIVERSITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    RIELY NEXT STEPSCHOLARHIPPROGRAM 75,000
    MS STATE UNIVERSITY FOUNDAITON
    P O BOX 6149
    Mississippi State,MS39762     		    VOLUNTEERRECEPTION 500
    MS CENTER FOR NONPROFITS
    612 NORTH STATE ST STE B
    Jackson,MS39202     		    MARCH 2010CONFERENCE 6,000
    MULTI COUNTY COMMUNITY SERVICE
    2900 ST PAUL STREET
    Meridian,MS39302     		    MEALS ON WHEELS 4,000
    SOUTHEASTERN COUNCIL OF FDNS
    50 HURT PLAZA STE 350
    Atlanta,GA30303     		    SUPPORT 4,000
    STATE GAMES OF MISSISSIPPI
    P O BOX 5866
    Meridian,MS39302     		    SUMMER WORKPROGRAM 4,000
    HOUSING AUTH OF CITY OF MDN
    2423 E STREET
    Meridian,MS39301     		    SUMMER WORKPROGRAM 4,000
    UNITED WAY OF EAST MS WEST AL
    2003 23RD AVE
    Meridian,MS39301     		    ENDOWMENT 90,116
    UNITED WAY OF EAST MS WEST AL
    2003 23RD AVE
    Meridian,MS39301     		    SUMMER WORKPROG 5,150
    UNITED WAY OF EAST MS WEST AL
    2003 23RD AVE
    Meridian,MS39301     		    ANNUAL CAMPAIGN 10,000
    WESLEY HOUSE COMMUNITY CENTER
    15208 8TH AVE
    Meridian,MS39302     		    CLINICALSUPPLEMENT 10,000
    Total .................................bullet 3a 1,458,861
    bApproved for future payment
    MISSISSIPPI STATE UNIVERSITY
    610 ALLEN HALL
    Mississippi State,MS39762     		    STUDENTINTERNSHIPPROGRAM 35,000
    MS STATE UNIVERSITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    RENOVATION OFNEWBERRY BUILDING 3,500,000
    MS STATE UNIVERSITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    MSU MERIDIANSCHOLARSHIPPROGRAM 75,000
    MS STATE UNIVERSITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    ADDITION OFKRESS BUILDING 2,000,000
    MS STATE UNIVERSITY FOUNDATION
    P O BOX 6149
    Mississippi State,MS39762     		    RILEY NEXT STEPSCHOLARSHIPPROGRAM 200,000
    UNITED WAY OF EAST MS WEST AL
    2003 23RD AVE
    Meridian,MS39304     		    ENDOWMENT 100,000
    WESLEY HOUSE COMMUNITY CENTER
    1520 8TH AVE
    Meridian,MS39301     		    CLINICALSUPPLEMENT 10,000
    Total ..................................bullet 3b 5,920,000
    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 2,353,676  
    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.....     15 133,304  
    8Gain or (loss) from sales of assets other than inventory     18 626,697  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aREFUND OF GRANTS       943  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,114,620  
    13Total. Add line 12, columns (b), (d), and (e)...................
    133,114,620
    (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.)
    11a THE REFUNDS ARE USED TO MAKE GRANTS AND DISTRIBUTIONS
    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 RILEY FOUNDATION
    EIN: 64-0707746
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MONTHLY ACCOUNTING 6,050 1,511 0 1,494
    IRS FILINGS 3,500 875 0 875
    FINANCIAL AUDIT 9,000 2,250 0 2,250

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2000-06-18 3,066,860 728,384 SL 40 76,672      
    BUILDING ADDITION 2001-06-14 13,858 2,942 SL 40 346      
    OFFICE EQUIPMENT 1999-12-31 14,713 14,713 SL 5        
    OFFICE EQUIPMENT 2000-12-31 16,826 16,826 SL 5        
    PROJECTOR 2001-08-16 4,815 4,815 SL 7        
    COMPUTER 2001-08-16 2,107 2,107 SL 5        
    NOTEBOOK 2002-12-13 2,046 2,046 SL 5        
    OFFICE EQUIPMENT 2003-12-31 34,674 34,674 SL 5        
    OFFICE EQUIPMENT 2004-12-31 6,611 6,611 SL 5        
    COMPUTER 2005-09-13 2,532 2,151 SL 5 381      
    OFFICE EQUIPMENT 2006-12-31 2,893 2,115 SL 5 579      
    GRANT SOFTWARE 2007-07-16 15,579 7,790 SL 5 3,116      
    PAINTINGS 1999-12-31 1,800 1,800 SL 10        
    FURNISHINGS 2000-06-17 265,806 252,158 SL 10 13,519      
    FURNISHINGS 2000-06-17 3,387 3,387 SL 5        
    FURNISHINGS 2002-12-31 7,575 5,370 SL 10 758      
    FURNISHINGS 2005-12-31 6,561 2,862 SL 10 657      
    COMPUTER 2008-01-03 1,419 568 SL 5 284      
    COMPUTER 2008-09-11 1,343 336 SL 5 269      
    LAPTOP 2009-09-01 1,679 112 SL 5 336      
    DESKTOP COMPUTER 2010-05-26 1,503   SL 5 175      
    DELL COMPUTER 2010-06-14 1,701   SL 5 170      
    SERVER 2010-08-03 6,892   SL 5 459      

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMKOR TECH 200,000    
    STANDARD PACIFIC 250,000    
    GOODYEAR TIRE 700,000    
    FAIRFAX FINL 400,000 417,000 417,000
    AMROR TECH 300,000    
    UNITED RENTALS 500,000    
    TOUSA INC 250,000    
    CASE CORP NOTES 213,000    
    CITIZENS UTILITIES 250,000 232,500 232,500
    LUCENT TECH 650,000    
    LAND O LAKES 750,000    
    CIT GROUP 29,334    
    FREMONT GEN CORP 250,000    
    VOUGHT AIRCRAFT 500,000    
    PLY GEM INDS 100,000    
    SIRIUS SATELLITE 100,000    
    RITE AID CORP 100,000    
    VERISON NEW ENG 200,000 213,506 213,506
    NEXTEL COMM 200,000    
    CENTURY TEL 100,000 102,113 102,113
    GREENBRIER COMM 500,000    
    RADIAN GROUP 100,000    
    AUTOZONE INC 100,000 108,766 108,766
    GOLDMAN SACHS GROUP 250,000 245,588 245,588
    GENERAL ELECTRIC CORP 250,000 247,267 247,267
    PRUDENTIAL FINANCIAL 200,000 198,912 198,912
    CATERPILLAR FIN SER 100,000 99,525 99,525
    FORTUNE BRANDS 100,000 193,466 193,466
    MOUNTAIN STS TEL 500,000 488,750 488,750
    BANK OF AMERICA 30,000 29,109 29,109
    WEYERHAUSER CO 100,000 93,825 93,825
    BANK OF AMERICA 100,000 97,029 97,029
    BANK OF AMERICA 51,000 49,971 49,971
    MERRILL LYNCH 100,000 91,777 91,777
    CENTRAL PARKING 25,000    
    FOREST CITY ENT 200,000    
    COMCAST CORP 100,000    
    WASHINGTON MUTUAL 265,000    
    UNION PLANTERS 100,000    
    GENERAL ELECTRIC 100,000 107,540 107,540
    AMERICAN EXPRESS 50,000 55,083 55,083
    DOW CHEMICAL 100,000 101,160 101,160
    MORGAN STANLEY 200,000 191,466 191,466
    DOW CHEMICAL 50,0000 50,623 50,623
    ALCOA INC 50,0000    
    BANK OF AMERICA 100,000 101,343 101,343
    FREEPORT MCMORAN 50,0000 55,312 55,312
    XEROX CAPITAL 500,000 508,750 508,750
    CITIGROUP INC 300,000 287,463 287,463
    FIFTH THIRD BANCORP 103,000 118,538 118,538
    STANLEY WORKS 100,000    
    JP MORGAN CHASE 300,000 318,897 318,897
    WACHOVIA CAPTL 350,000 303,625 303,625
    CVS CAREMARK 100,000 96,375 96,375
    WPS RESOURCES 100,000    
    FPL GROUP CAP 70,000 69,300 69,300
    PRUDENTIAL FNL 115,000 133,688 133,688
    CIT GROUP 48,891    
    CIT GROOUP 19,556    
    CIT GROUP 29,334    
    CIT GROUP 68,448    
    BANK OF AMERICA 250,000 235,925 235,925
    MERRILL LYNCH 250,000 225,670 225,670
    GOLDMAN SACHS GROUP 250,000 255,600 255,600
    JPM CHASE CAP 250,000 257,773 257,773
    JPM CHASE CAP 250,000 261,757 261,757
    INTEGRYS ENERGY 100,000 96,500 96,500

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TEMPLETON FUND 119439 SHS    
    PIMCO SHORT TERM 7429 SHS    
    WISDOM TREE 2500 SHS    
    ALLIANCEBER INTL 17026 SHS    
    AMERICAN EUROPAC 29240 SHS MF 1,209,666 1,209,666
    ALTRIA GROUP 32000 SHS COMMON 787,840 787,840
    CORPORATE EX 2500 SHS COMMON    
    CYBERSOURCE 10000 SHS COMMON    
    DUKE REALTY 12500 SHS COMMON    
    KRAFT FOODS 15740 SHS COMMON 495,967 495,967
    ORACLE 13400 SHS COMMON 419,420 419,420
    PUBLIC STO 5000 SHS COMMON 507,100 507,100
    REALTY INC 10000 SHS COMMON 489,060 489,060
    WEINGARTEN 13500 SHS COMMON 320,760 320,760
    CBL 10000 SHS PFD    
    PARKWAY PROP 10000 SHS PFD    
    RENAISSANCE 10000 SHS PFD 227,400 227,400
    BHP BILLITON 7000 SHS COMMON 650,440 650,440
    COMCAST 1500 SHS COMMON    
    COMPASS MIN 6300 SHS COMMON 562,401 562,401
    CONVERSE TEC 10000 SHS COMMON    
    DELL INC 10000 SHS COMMON    
    DIRECTV GROUP 7400 SHS COMMON 295,482 295,482
    DWS DREMAN 5000 SHS COMMON    
    HUGOTON ROY 6000 SHS COMMON    
    APPLE INC 1000 SHS COMMON 322,560 322,560
    MONTPELIER 15500 SHS COMMON    
    NORFOLK 6800 SHS COMMON 427,176 427,176
    NUCOR 2000 SHS COMMON    
    PERMIAN BASIN 10000 SHS COMM 226,600 226,600
    REPUBLIC AIR 10000 SHS COMMON    
    ENERGY TRANSFER 9600 SHS COMM 497,472 497,472
    VERIZON 18400 SHS COMMON 658,352 658,352
    FAIRPOINT 188 SHS COMMON    
    BARCLAYS 18000 SHS PFD 448,740 448,740
    EAGLE HOSP 8000 SHS PFD 7,760 7,760
    ENTERTAIN PR 10000 SHS PFD    
    FELCOR LOD 10000 SHS PFD    
    GMX RES 4000 SHS PFD    
    LEXINGTON RLTY 10000 SHS PFD    
    NATL RETAIL 4000 SHS PFD 99,800 99,800
    PARKWAY PROP 10000 SHS PFD    
    SL GREEN 10000 SHS PFD    
    SUNSTONE HOTEL 10000 SHS PFD    
    ENERGY TRANS 7400 SHS COMMON    
    EXXON 8000 SHS COMMON 584,960 584,960
    HALLIBURTON 4000 SHS COMMON    
    MARATHON OIL 8000 SHS COMMON 411,033 411,033
    EXELON CORP 2500 SHS COMMON 104,100 104,100
    SPECTRA 5000 SHS COMMON    
    SUNOCO 7500 SHS COMMON 626,925 626,925
    TC PIPELINES 12000 SHS COMMON 624,000 624,000
    CEMEX 10146 SHS COMMON    
    HUNTSMAN 30000 SHS COMMON    
    METAL MGT 20500 SHS COMMON    
    SINOPEC 1000 SHS COMMON    
    WEYERHAEUSE 5000 SHS COMMON    
    AVERY DENN 5000 SHS COMMON    
    C&D TECH 5000 SHS COMMON    
    EMERSON ELEC 9600 SHS COMMON 548,832 548,832
    GEN ELEC 15000 SHS COMMON 274,350 274,350
    L 3 COMMUN 2000 SHS COMMON    
    LOCKHEED 6300 SHS COMMON 440,433 440,433
    MACQUARIE 2000 SHS COMMON    
    MASCO 14000 SHS COMMON    
    RAYTHEON 10000 SHS COMMON 463,400 463,400
    UPS 5000 SHS COMMON    
    WASTE MGT 13100 SHS COMMON 482,997 482,997
    GEN PARTS 13000 SHS COMMON 667,420 667,420
    FORTUNE BRANDS 4800 SHS COMM 289,200 289,200
    HOME DEPOT 5000 SHS COMMON    
    SHERWIN WILL 5000 SHS COMMON 418,750 418,750
    FREEPORT MCMORAN 5200 SHS COM 624,468 624,468
    BROWN FORMAN 7500 SHS COMMON 522,150 522,150
    FRONTIER COMM 11300 SHS COMM 109,949 109,949
    COCA COLA 6900 SHS COMMON 453,813 453,813
    IBM 3700 SHS COMMON 543,012 543,012
    PROC GAMBLE 2200 SHS COMMON    
    RITE AID 20000 SHS COMMON    
    SANDERSON 5000 SHS COMMON 195,750 195,750
    SUPERVALU 11485 SHS COMMON    
    SYSCO 4000 SHS COMMON    
    UNILEVER 19200 SHS COMMON 592,896 592,896
    WAL MART 6000 SHS COMMON 431,440 431,440
    ABBOTT LAB 9700 SHARES COMM 464,727 464,727
    SIMS METALS 20500 SHS COMMON 447,720 447,720
    BRIST MYER 1000 SHS COMMON    
    HEALTH MGT 10000 SHS COMMON    
    JOHN & JOHN 10000 SHS COMMON 618,500 618,500
    MEDTRONIC 4500 SHS COMMON    
    NEOGEN 17262 SHS COMMON 708,260 708,260
    PFIZER 15000 SHS COMMON    
    XL CAPITAL 11466 SHS COMMON    
    AM EXPRESS 5000 SHS COMMON 214,600 214,600
    BK OF AMERICA 8000 SHS COMMON    
    W R BERKELY 4500 SHS COMMON    
    CITIGROUP 10000 SHS COMMON    
    JPMORGAN 10000 SHS COMMON 424,200 424,200
    MARSH ILS 23377 SHS COMMON    
    REGIONS 6346 SHS COMMON    
    TRUSTMARK 10000 SHS COMMON    
    WASH MUT 5000 SHS COMMON    
    WELLS FARGO 14200 SHS COMMON 440,058 440,058
    CISCO SYS 3000 SHS COMMON    
    MICROSOFT 16500 SHS COMMON    
    MOTOROLA 5000 SHS COMMON    
    TRIMBLE 12500 SHS COMMON 499,125 499,125
    PT INDOSAT 5000 SHS COMMON    
    AMERIGAS 10000 SHS COMMON 488,100 488,100
    ATMOS 30600 SHS COMMON 312,000 312,000
    DUKE ENERGY 30600 SHS COMMON 544,986 544,986
    SOUTHERN CO 13000 SHS COMMON 496,990 496,990
    ALLIED EN 40000 SHS COMMON    
    KAYNE AND 5122 SHS CLOSED END    
    ALEXANDRIA REAL 10000 SHS PFD 256,000 256,000
    BANCORPSOUTH 28000 SHS PFD 738,080 738,080
    BARCLAYS 20000 SHS PFD 508,400 508,400
    CORP BKD 20000 SHS PFD    
    CORTS JC PENNEY 13000 SHS PFD 324,870 324,870
    CORTS UNUMPROV 4000 SHS PFD    
    CORTS US WEST 40500 SHS PFD 1,016,145 1,016,145
    CORTS AON CAP 8300 SHS PFD 237,131 237,131
    GMAC LLC 33000 SHS PFD    
    GEN MOTORS 20000 SHS PFD    
    PARKWAY PROP 30000 SHS PFD    
    PHOENIX CO 20000 SHS PFD    
    PUB STORAGE 6000 SHS PFD    
    PACCAR 2500 SHS COMMON    
    UNITEDHEALTH 5000 SHS COMMON    
    HSBC HOLDING 2000 SHS PFD 53,660 53,660
    AMERICAN ELEC 10000 SHS PFD 278,400 278,400
    FPL GROUP CAP 1000 SHS PFD    
    AMERICAN NEW WORLD 13751 SHS 750,645 750,645
    ALTRIA GROUP 12000 SHS COMM    
    APACHE CORP 2000 SHS COMM 238,460 238,460
    ASTRAZENECA PLC 9600 SHS COMM 443,424 443,424
    HOSPIRA INC 9100 SHS COMM 506,779 506,779
    GRACE ACQ 10000 SHS PFD 6,600 6,600
    AVERY DENNISON 13000 SHS PFD    
    BANK OF AMERICA 10000 SHS PFD 255,000 255,000
    SCHLUMBERGER LTD 1000 SHS COM    
    CATERPILLAR INC 10000 SHS COM 936,600 936,600
    UNITED TECH 2000 SHS COMMON 157,440 157,440
    YUM BRANDS 12500 SHS COMMON 613,125 613,125
    DR PEPPER 12000 SHS COMMON 421,920 421,920
    KELLOG 10000 SHS COMMON 510,800 510,800
    PHILIP MORRIS 20000 SHS COMM 1,170,600 1,170,600
    MERCK 17650 SHS COMMON 636,106 636,106
    STRYKER 2500 SHS COMMON    
    GENWORTH FINL 10000 SHS COMM    
    METLIFE 5923 SHS COMMON 263,218 263,218
    RESEARCH IN MOT 2000 SHS COM    
    VISA INC 1900 SHS COMMON 133,722 133,722
    AT&T INC 21000 SHS COMMON 616,980 616,980
    AEGON N V 30000 SHARES PFD 717,600 717,600
    BAC CAPT TR 17000 SHARES PFD 414,800 414,800
    BBT CAP TRST 11000 SHARES PFD 302,390 302,390
    CBS CORP 22300 SHARES PFD 563,521 563,521
    COMCAST CORP 4000 SHARES PFD 101,200 101,200
    DEUTSCHE BANK 18000 SHS PFD 470,520 470,520
    DEUTSCHE BANK 19000 SHS PFD 483,170 483,170
    ENTERGY MS 10000 SHARES PFD 262,200 262,200
    FIFTH THIRD CAP 19500 SHS PFD 485,160 485,160
    HSBC HOLDINGS 41000 SHS PFD 1,092,650 1,092,650
    MORGAN STANLEY 12000 SHS PFD 285,000 285,000
    NEXTRA ENERGY 1000 SHARES PFD 27,940 27,940
    VIACOM INC 16000 SHARES PFD 406,080 406,080
    VORNADO REALTY 28000 SHS PFD 746,760 746,760
    WACHOVIA CAP 14800 SHS PFD 389,980 389,980
    WELLS FARGO 18000 SHS PFD 488,880 488,880
    WELLS FARGO 10000 SHS PFD 268,200 268,200

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABITIBI INTERNATONAL BOND 400,000      
    ALTERNATIVE INVESTMENT   21,028 21,028
    ACCRUED INTEREST   110,753 110,753

    TY 2010 LandEtcSchedule2
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 203,313   203,313 203,313
    BUILDING AND ADDITIONS 3,080,718 808,344 2,272,374 3,080,718
    OFFICE EQUIPMENT 117,333 100,633 16,700 30,000
    FURNISHINGS 285,129 280,511 4,618 256,800


    TY 2010 OtherDecreasesSchedule
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Description Amount
    UNREALIZED GAINS 4,932,018


    TY 2010 OtherExpensesSchedule
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 7,988 7,988 0 0
    INSURANCE 35,496 8,874 0 8,874
    OFFICE SUPPLIES 15,958 0 0 14,902
    DUES AND SUBSCRIPTIONS 3,253 37 0 2,648
    POSTAGE 645 0 0 659
    TELEPHONE 10,506 1,051 0 8,395
    PROGRAM EXPENSE 32,935 0 0 37,211
    PARTNERSHIP LOSS 2,041 0 0 0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 133,304 133,304 0
    GRANT REFUND 943 0 0


    TY 2010 TaxesSchedule
    Name:
    THE RILEY FOUNDATION
    EIN: 64-0707746
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT 45,653 0 0 0