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 SAM & FREDA DAVIS 1993 CHARITABLE
TRUST C/O AMG NATIONAL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)6501 EAST BELLEVIEW AVENUE SUITE400Room/suite
City or town, state, and ZIP code
ENGLEWOOD, CO801116020
A Employer identification number

84-6261346
B Telephone number (see page 10 of the instructions)

(303) 694-2190
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$9,047,903J 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 91,649 91,649  
4 Dividends and interest from securities...... 115,362 115,362  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 84,191
b Gross sales price for all assets on line 6a 2,930,083
7 Capital gain net income (from Part IV, line 2)... 84,191
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........ 291,202 291,202  
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 110 110   0
c Other professional fees (attach schedule).... Click to see attachment 55,283 55,283   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,275 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.......... 56,668 55,393   0
25 Contributions, gifts, grants paid........ 373,736 373,736
26 Total expenses and disbursements. Add lines 24 and 25 430,404 55,393   373,736
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -139,202
b Net investment income (if negative, enter -0-) 235,809
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.......... 442,163 258,114 258,114
3 Accounts receivable bullet5,412
Less: allowance for doubtful accounts bullet   3,692 5,412 5,412
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)      
b Investments—corporate stock (attach schedule)........ 2,153,018 Click to see attachment2,260,004 2,566,855
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 6,066,473 Click to see attachment5,877,079 6,078,308
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment125,535 Click to see attachment139,214
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,665,346 8,526,144 9,047,903
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....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 8,776,333 8,776,333
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -110,987 -250,189
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,665,346 8,526,144
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,665,346 8,526,144
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 8,665,346
2 Enter amount from Part I, line 27a...................... 2 -139,202
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 8,526,144
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 8,526,144
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 4157.088 SHARES OF PIMCO LOW DURATION FUND #36 P 2010-06-04 2010-01-19
b 3355.705 SHARES OF PIMCO HIGH YIELD INST #108 P 2010-06-04 2009-06-23
c 3090.235 SHARES OF PIMCO HIGH YIELD INST #108 P 2010-06-04 2009-08-24
d 2944.641 SHARES OF PIMCO HIGH YIELD INST #108 P 2010-06-04 2009-09-23
e 2401.392 SHARES OF PIMCO HIGH YIELD INST #108 P 2010-06-04 2009-10-23
50000 UNITS OF MCDONALD'S CORP 5.8% 10/15/2017 P 2010-11-02 2010-06-08
50000 UNITS OF WYETH 5.5% 02/15/2016 P 2010-11-02 2010-07-06
50000 UNITS OF HEWLETT-PACKARD CO 6.125% 03/01/2014 P 2010-11-10 2010-09-08
50000 UNITS OF PROCTER & GAMBLE CO 3.5% 02/15/2015 P 2010-11-10 2010-08-05
9165.903 SHARES OF VANGUARD SHORT-TERM INVESTMENT GRADE INV #39 P 2010-12-09 2010-11-03
10332.704 SHARES OF VANGUARD SHORT-TERM INVESTMENT GRADE INV #39 P 2010-11-08 2010-12-09
3746.988 SHARES OF PIMCO HIGH YIELD INST #108 P 2008-09-23 2010-06-04
5024.232 SHARES OF PIMCO HIGH YIELD INST #108 P 2008-11-24 2010-06-04
4634.873 SHARES OF PIMCO HIGH YIELD INST #108 P 2009-01-23 2010-06-04
65.897 SHARES OF T ROWE PRICE MID-CAP GROWTH #64 P 2006-12-22 2010-06-04
1367.942 SHARES OF T ROWE PRICE MID-CAP GROWTH #64 P 2007-10-29 2010-06-04
2261.674 SHARES OF T ROWE PRICE MIDCAP VALUE #115 P 2004-08-20 2010-06-04
4698.996 SHARES OF ASTON/RIVER RD SMALL CAP VAL CL N P 2008-09-23 2010-06-04
978.66 SHARES OF ASTON/RIVER RD SMALL CAP VAL CL N P 2008-10-23 2010-06-04
6928.406 SHARES OF VANGUARD HIGH-YIELD CORP INVESTOR SHARES #29 P 2008-10-23 2010-07-06
7352.941 SHARES OF VANGUARD HIGH-YIELD CORP INVESTOR SHARES #29 P 2008-12-22 2010-07-06
6787.33 SHARES OF VANGUARD HIGH-YIELD CORP INVESTOR SHARES #29 P 2009-02-23 2010-07-06
837.849 SHARES OF VANGUARD ENERGY FUND INVESTOR SHS #51 P 2007-10-29 2010-07-06
134.24 SHARES OF VANGUARD ENERGY FUND INVESTOR SHS #51 P 2007-12-27 2010-07-06
782.167 SHARES OF T ROWE PRICE MID-CAP GROWTH #64 P 2006-12-22 2010-08-04
550.867 SHARES OF T ROWE PRICE MIDCAP VALUE #115 P 2004-08-20 2010-08-04
1315.675 SHARES OF T ROWE PRICE MIDCAP VALUE #115 P 2004-08-23 2010-08-04
5366.071 SHARES OF ASTON/RIVER RD SMALL CAP VAL CL N P 2008-10-23 2010-08-04
1111.111 SHARES OF MERIDIAN GROWTH FUND #75 P 2004-04-26 2010-08-04
204800 UNITS OF U S TREASURY NOTES INFLATION INDEX 1.25% 04/15/2014 P 2009-06-22 2010-09-08
250240.55 UNITS OF U S TREASURY NOTES INFL INDEX 1.875% 07/15/2019 P 2009-07-23 2010-09-08
729.323 SHARES OF T ROWE PRICE MID-CAP GROWTH #64 P 2006-12-22 2010-10-04
100000 UNITS OF PEPSICO INC 5% 06/01/2018 P 2009-06-03 2010-11-02
100000 UNITS OF WAL-MART STORES INC 4.5% 07/01/2015 P 2009-06-23 2010-11-02
100000 UNITS OF GENERAL ELEC CO 5.25% 12/06/2017 P 2009-07-23 2010-11-02
100000 UNITS OF DUPONT EI DE NEMOURS 5.25% 12/15/2016 P 2009-07-23 2010-11-02
100000 UNITS OF CONOCOPHILLIPS 4.75% 10/15/2012 P 2009-06-03 2010-11-02
100000 UNITS OF CONOCOPHILLIPS 4.75% 02/01/2014 P 2009-06-23 2010-11-02
100000 UNITS OF AT&T INC 6.7% 11/15/2013 P 2009-06-03 2010-11-02
16 SHARES OF PFIZER COMMON STOCK P 2009-09-04 2010-02-02
828 SHARES OF AUTOMATIC DATA PROCESSING P 2009-09-04 2010-02-04
51 SHARES OF CHARLES SCHWAB CORP P 2009-09-04 2010-02-05
1 SHARES OF UNITEDHEALTH GROUP INC P 2010-02-04 2010-06-01
2 SHARES OF BECTON DICKINSON & CO P 2010-05-05 2010-06-01
4 SHARES OF COCA-COLA CO P 2010-02-04 2010-06-01
6 SHARES OF CONOCOPHILLIPS P 2010-02-04 2010-06-01
10 SHARES OF COSTCO WHOLESALE CORP P 2010-03-30 2010-06-01
9 SHARES OF DEVON ENERGY CORP P 2010-03-16 2010-06-01
3 SHARES OF EXXON MOBIL CORP COM P 2010-02-04 2010-06-01
11 SHARES OF FIRSTENERGY CORP COM P 2009-10-01 2010-06-01
5 SHARES OF MARKEL CORP COM P 2010-05-20 2010-06-01
3 SHARES OF 3M CO P 2010-02-02 2010-06-01
8 SHARES OF TRAVELERS COS INC P 2010-02-03 2010-06-01
2036 SHARES OF KROGER COMPANY P 2009-09-15 2010-06-02
8 SHARES OF KROGER COMPANY P 2010-02-02 2010-06-02
6 SHARES OF GOLDMAN SACHS GROUP INC. P 2010-06-08 2010-10-26
13 SHARES OF COSTCO WHOLESALE CORP P 2010-03-30 2010-10-26
1 SHARES OF TRAVELERS COS INC P 2010-02-03 2010-10-26
4 SHARES OF PHILIP MORRIS INTERNATIONAL P 2010-02-05 2010-10-26
246 SHARES OF PHILIP MORRIS INTERNATIONAL P 2010-06-01 2010-10-26
11 SHARES OF AMGEN INC P 2003-12-11 2010-02-02
12 SHARES OF AMGEN INC P 2004-09-03 2010-02-02
6 SHARES OF BANK OF NEW YORK MELLON CORP P 2008-11-20 2010-02-02
19 SHARES OF CISCO SYSTEMS INC P 2008-03-04 2010-02-02
170 SHARES OF DELL INC P 2005-10-25 2010-02-02
21 SHARES OF WALT DISNEY COMPANY P 2006-03-02 2010-02-02
386 SHARES OF EBAY INC P 2005-10-25 2010-02-02
18 SHARES OF EMERSON ELECTRIC CO P 2009-01-16 2010-02-02
30 SHARES OF GENERAL ELEC CO COM P 2006-09-01 2010-02-02
14 SHARES OF GOLDMAN SACHS GROUP INC. P 2008-10-28 2010-02-02
24 SHARES OF HEWLETT-PACKARD CO P 2003-09-18 2010-02-02
1 SHARES OF HOME DEPOT P 2008-03-04 2010-02-02
113 SHARES OF INTEL CORP P 2005-10-25 2010-02-02
10 SHARES OF JOHNSON & JOHNSON P 2007-03-01 2010-02-02
11 SHARES OF JOHNSON & JOHNSON P 2007-06-05 2010-02-02
30 SHARES OF KRAFT FOODS INC P 2008-10-09 2010-02-02
3 SHARES OF MARKEL CORP COM P 2009-01-20 2010-02-02
26 SHARES OF MICROSOFT CORPORATION P 2004-09-03 2010-02-02
5 SHARES OF MICROSOFT CORPORATION P 2007-03-02 2010-02-02
172 SHARES OF ORACLE CORPORATION P 2003-09-18 2010-02-02
86 SHARES OF SPRINT NEXTEL CORP P 2008-09-23 2010-02-02
1006 SHARES OF CHARLES SCHWAB CORP P 2008-10-22 2010-02-05
183 SHARES OF CHARLES SCHWAB CORP P 2008-11-20 2010-02-05
498 SHARES OF HOME DEPOT P 2008-03-04 2010-05-21
429 SHARES OF UNITEDHEALTH GROUP INC P 2007-10-15 2010-05-21
319 SHARES OF UNITEDHEALTH GROUP INC P 2007-10-15 2010-05-21
963 SHARES OF KRAFT FOODS INC P 2008-10-09 2010-05-21
1180 SHARES OF KRAFT FOODS INC P 2008-10-09 2010-06-01
761 SHARES OF UNITEDHEALTH GROUP INC P 2007-10-15 2010-06-01
29 SHARES OF UNITEDHEALTH GROUP INC P 2008-03-06 2010-06-01
7 SHARES OF AMGEN INC P 2003-12-11 2010-06-01
3 SHARES OF BANK OF NEW YORK MELLON CORP P 2008-11-20 2010-06-01
11 SHARES OF CISCO SYSTEMS INC P 2005-10-25 2010-06-01
2 SHARES OF CISCO SYSTEMS INC P 2008-03-04 2010-06-01
7 SHARES OF COCA-COLA CO P 2005-12-05 2010-06-01
17 SHARES OF EBAY INC P 2005-10-25 2010-06-01
6 SHARES OF EMERSON ELECTRIC CO P 2009-01-16 2010-06-01
7 SHARES OF GENERAL ELEC CO COM P 2006-09-01 2010-06-01
56 SHARES OF HOME DEPOT P 2008-03-04 2010-06-01
16 SHARES OF INTEL CORP P 2005-10-25 2010-06-01
7 SHARES OF JPMORGAN CHASE & CO & CO P 2006-07-06 2010-06-01
3 SHARES OF JOHNSON & JOHNSON P 2007-03-01 2010-06-01
18 SHARES OF ORACLE CORPORATION P 2003-09-18 2010-06-01
36 SHARES OF SPRINT NEXTEL CORP P 2008-09-23 2010-06-01
5 SHARES OF 3M CO P 2006-03-02 2010-06-01
4 SHARES OF AXIS CAPITAL HOLDINGS LTD P 2007-03-05 2010-06-01
1496 SHARES OF WALT DISNEY COMPANY P 2006-03-02 2010-06-02
10 SHARES OF SPRINT NEXTEL CORP P 2008-09-23 2010-10-26
26 SHARES OF 3M CO P 2006-03-02 2010-10-26
1 SHARES OF FIRSTENERGY CORP COM P 2009-10-01 2010-10-26
1 SHARES OF AXIS CAPITAL HOLDINGS LTD P 2007-03-05 2010-10-26
28 SHARES OF MICROSOFT CORPORATION P 2003-12-22 2010-10-26
179 SHARES OF MICROSOFT CORPORATION P 2004-09-03 2010-10-26
30 SHARES OF MICROSOFT CORPORATION P 2008-03-04 2010-10-26
426 SHARES OF ORACLE CORPORATION P 2003-09-18 2010-10-26
693 SHARES OF PFIZER COMMON STOCK P 2009-09-04 2010-10-26
4 SHARES OF PHILIP MORRIS INTERNATIONAL P 2009-01-29 2010-10-26
CAPITAL GAINS DIVIDENDS P    
(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 43,360   43,159 201
b 29,458   25,040 4,418
c 27,127   25,040 2,087
d 25,849   25,040 809
e 21,080   20,740 340
59,667   57,778 1,889
58,778   57,606 1,172
57,453   57,710 -257
54,117   54,082 35
98,698   100,040 -1,342
111,262   112,644 -1,382
32,893   31,140 1,753
44,105   31,140 12,965
40,687   31,140 9,547
3,215   3,532 -317
66,745   89,640 -22,895
46,460   47,902 -1,442
51,280   56,240 -4,960
10,680   8,334 2,346
37,747   30,040 7,707
40,060   30,040 10,020
36,978   30,040 6,938
43,492   71,977 -28,485
6,968   11,092 -4,124
39,960   41,928 -1,968
11,793   11,667 126
28,167   27,748 419
60,060   45,698 14,362
40,960   39,244 1,716
214,880   205,977 8,903
271,835   253,556 18,279
38,651   39,096 -445
113,925   102,952 10,973
113,502   104,414 9,088
111,616   99,965 11,651
116,536   106,439 10,097
107,788   106,495 1,293
110,987   104,063 6,924
115,868   111,030 4,838
303   773 -470
33,551   31,553 1,998
915   914 1
29   33 -4
143   151 -8
207   217 -10
309   294 15
584   603 -19
569   607 -38
181   197 -16
380   496 -116
1,730   1,696 34
237   240 -3
395   404 -9
40,908   41,469 -561
161   172 -11
949   822 127
831   783 48
55   51 4
237   182 55
14,569   10,893 3,676
645   645 0
704   717 -13
174   149 25
432   462 -30
2,235   5,386 -3,151
622   579 43
8,940   14,521 -5,581
823   591 232
497   1,023 -526
2,170   1,183 987
1,160   501 659
29   27 2
2,226   2,615 -389
632   625 7
695   697 -2
855   889 -34
982   888 94
737   711 26
142   140 2
4,047   2,128 1,919
301   587 -286
18,040   17,352 688
3,282   2,696 586
16,312   13,371 2,941
12,260   21,190 -8,930
9,052   15,757 -6,705
28,169   28,528 -359
33,966   34,957 -991
22,340   37,590 -15,250
851   1,344 -493
362   410 -48
80   74 6
255   188 67
46   49 -3
362   299 63
359   640 -281
278   197 81
114   239 -125
1,901   1,504 397
341   370 -29
273   297 -24
177   188 -11
405   223 182
176   246 -70
395   368 27
120   135 -15
50,244   41,236 9,008
47   68 -21
2,358   1,913 445
36   45 -9
35   34 1
708   759 -51
4,525   4,892 -367
758   811 -53
12,194   5,270 6,924
12,099   33,471 -21,372
237   159 78
25,948     25,948
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       201
b       4,418
c       2,087
d       809
e       340
      1,889
      1,172
      -257
      35
      -1,342
      -1,382
      1,753
      12,965
      9,547
      -317
      -22,895
      -1,442
      -4,960
      2,346
      7,707
      10,020
      6,938
      -28,485
      -4,124
      -1,968
      126
      419
      14,362
      1,716
      8,903
      18,279
      -445
      10,973
      9,088
      11,651
      10,097
      1,293
      6,924
      4,838
      -470
      1,998
      1
      -4
      -8
      -10
      15
      -19
      -38
      -16
      -116
      34
      -3
      -9
      -561
      -11
      127
      48
      4
      55
      3,676
      0
      -13
      25
      -30
      -3,151
      43
      -5,581
      232
      -526
      987
      659
      2
      -389
      7
      -2
      -34
      94
      26
      2
      1,919
      -286
      688
      586
      2,941
      -8,930
      -6,705
      -359
      -991
      -15,250
      -493
      -48
      6
      67
      -3
      63
      -281
      81
      -125
      397
      -29
      -24
      -11
      182
      -70
      27
      -15
      9,008
      -21
      445
      -9
      1
      -51
      -367
      -53
      6,924
      -21,372
      78
      25,948
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 84,191
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 499,839 7,497,826 0.066665
2008 573,468 10,041,373 0.057111
2007 534,727 12,163,414 0.043962
2006 493,878 11,063,129 0.044642
2005 453,970 10,193,006 0.044537
2 Total of line 1, column (d) ...................... 2 0.256917
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 0.051383
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 8,411,303
5 Multiply line 4 by line 3....................... 5 432,198
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,358
7 Add lines 5 and 6......................... 7 434,556
8 Enter qualifying distributions from Part XII, line 4.............. 8 373,736
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 4,716
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 4,716
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 4,716
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,200
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 1,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,516
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   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$ 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
    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)bulletCO
    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 ofbulletAMG NATIONAL TRUST BANK Telephone no.bullet (303) 694-2190
    Located atbullet6501 EAST BELLEVIEW AVENUE SUITE400ENGLEWOODCO ZIP+4bullet801116020
    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
    AMG NATIONAL TRUST BANK TRUSTEE
    1.00     		0 0 0
    6501 EAST BELLEVIEW AVENUE SUITE
    400
    ENGLEWOOD,CO801116020
    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
    8,244,937
    b
    Average of monthly cash balances.......................
    1b
    294,457
    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
    8,539,394
    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
    8,539,394
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    128,091
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,411,303
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    420,565
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    420,565
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    4,716
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,716
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    415,849
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    415,849
    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
    415,849
    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
    373,736
    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
    373,736
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    373,736
    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 7 415,849
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 373,735
    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$ 373,736
    a Applied to 2009, but not more than line 2a 373,735
    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..... 1
    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 ..........     		415,848
    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
    DENVER ART MUSEUM
    100 W 14TH AVE PKWY
    DENVER,CO80204     		NONE EXEMPT EDUCATIONAL 19,166
    ELEANOR ROOSEVELT INSTITUTE FOR CANCER RESEARCH
    2101 E WESLEY AVE
    DENVER,CO80208     		NONE EXEMPT SCIENTIFIC 19,166
    ST MARY'S ACADEMY
    4545 S UNIVERSITY BLVD
    ENGLEWOOD,CO80113     		NONE EXEMPT EDUCATIONAL 9,583
    THE SALK INSTITUTE FOR BIOLOGICAL STUDIES
    10010 N TORREY PINES ROAD
    LA JOLLA,CA92037     		NONE EXEMPT SCIENTIFIC 126,495
    UNIVERSITY OF COLORADO HEALTH SCIENCE CENTER
    PO BOX 6508
    AURORA,CO80045     		NONE EXEMPT SCIENTIFIC 38,332
    UNIVERSITY OF DENVER COLORADO SEMINARY
    2199 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE EXEMPT RELIGIOUS 70,914
    UNIVERSITY OF DENVER SCHOOL OF LAW
    2199 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE EXEMPT EDUCATIONAL 70,914
    UNIVERSITY OF TEXAS
    1515 HOLCOMBE BLVD
    HOUSTON,TX77030     		NONE EXEMPT EDUCATIONAL 19,166
    Total .................................bullet 3a 373,736
    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     14 91,649  
    4 Dividends and interest from securities....     14 115,362  
    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.....     14    
    8Gain or (loss) from sales of assets other than inventory     18 84,191  
    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).. 0 291,202 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13291,202
    (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 SAM & FREDA DAVIS 1993 CHARITABLE
    TRUST C/O AMG NATIONAL TRUST
    EIN: 84-6261346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 110 110   0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
    TRUST C/O AMG NATIONAL TRUST
    EIN: 84-6261346
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMGEN INC 59,573 56,602
    BANK OF AMERICA 38,453 44,622
    BANK OF NEW YORK MELLON CORP 32,126 39,200
    BECTON DICKINSON & CO 70,300 81,731
    CHEVRONTEXACO CROP COM 65,979 83,220
    CISCO SYSTEMS INC 42,946 50,959
    COCA-COLA CO 56,928 88,263
    CONOCOPHILLIPS 62,824 89,483
    COSTCO WHOLESALE CORP 60,839 95,317
    DELL COMPUTER CORP COM 118,062 77,249
    DEVON ENERGY CORP 69,950 87,460
    EBAY INC 97,802 84,186
    EMERSON ELECTRIC CO 34,296 59,571
    EXXON MOBIL CORP COM 66,466 82,479
    GAP INC 40,131 70,007
    GENERAL ELEC CO COM 101,055 59,223
    GOLDMAN SACHS GROUP INC. 36,144 81,894
    HEWLETT-PACKARD CO HEWLETT PACKARD CO COM 38,854 69,381
    HOME DEPOT 49,379 64,475
    INTEL CORP 76,093 73,731
    JP MORGAN CHASE & CO 82,434 83,440
    JOHNSON & JOHNSON 50,537 63,767
    KIMBERLY-CLARK CORP 22,819 23,829
    MICROSOFT CORPORATION 74,455 82,697
    ORACLE CORPORATION 39,926 108,016
    PFIZER COMMON STOCK 142,155 90,754
    RAYTHEON CO 60,301 55,145
    RESEARCH IN MOTION 71,376 65,978
    SOUTHWESTERN ENERGY CO 45,994 47,461
    SPRINT NEXTEL CORP 34,995 38,781
    3M CO 69,351 82,244
    TRAVELERS COS INC 34,278 49,860
    AXIS CAPITAL HOLDINGS LTD 48,502 52,277
    FIRST ENERGY COPR COM 65,499 53,827
    GILEAD SCIENCES INC COM 85,411 69,545
    MARKEL CORP COM 58,555 74,492
    PHILIP MORRIS INTERNATIONAL 55,216 85,689

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
    TRUST C/O AMG NATIONAL TRUST
    EIN: 84-6261346
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ASTON/RIVER RD SMALL CAP VAL CL N AT COST 58,348 91,686
    CHAMPLAIN SMALL CO FD-ADV AT COST 85,840 134,368
    ALLIANCEBERNSTEIN INTL GROWTH FUND AT COST 124,940 92,618
    AMER CENT INTL BOND FUND #992 AT COST 210,900 202,706
    ARTIO INTERNATIONAL EQUITY FUND CL I AT COST 198,424 226,278
    WILLIAM BLAIR INTL GROWTH-I AT COST 208,240 141,416
    BUFFALO MID CAP FUND #1446 AT COST 31,140 31,700
    DENVER BANKSHARES INC AT COST 23,134 39,560
    HARBOR MID CAP VALUE FUND #023 AT COST 275,480 242,246
    HARBOR SMALL CAP GROWTH INSTL #010 AT COST 46,150 55,252
    HARDING LOEVNER EMERG MKTS AT COST 164,225 134,308
    OAKMARK INTERNATIONAL FUND (HARRIS) #109 AT COST 162,840 152,785
    I SHARES SILVER TRUST AT COST 59,922 120,871
    MERIDIAN GROWTH FUND #75 AT COST 327,515 438,207
    PIMCO LOW DURATION FUND # 35 AT COST 496,921 485,920
    RS VALUE FUND - A AT COST 126,280 119,965
    T ROWE PRICE INTERNATIONAL BOND #76 AT COST 317,380 326,401
    T ROWE PRICE EMERGING MARKETS BOND FUND # 110 AT COST 200,040 199,250
    T ROWE PRICE MIDCAP VALUE #115 AT COST 16,852 18,946
    ROYCE PREMIER FUND (INV CL) #265 AT COST 74,168 167,567
    SPDR GOLD TRUST AT COST 79,716 116,386
    THIRD AVENUE SMALL CAP VALUE FUND #443 AT COST 33,733 35,623
    THIRD AVENUE INTERNATIONAL VALUE AT COST 677,934 507,906
    VANGUARD ENERGY FUND INVESTOR SHS #51 AT COST 566,068 549,231
    VANGUARD INTERNATIONAL EXPLORER FUND #126 AT COST 373,295 521,532
    VANGUARD SHORT-TERM INVESTMENT GRADE INV # 39 AT COST 487,514 484,032
    VANGUARD SHORT TERM TREASURY INVESTOR SHS # 32 AT COST 450,080 441,548

    TY 2010 OtherAssetsSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
    TRUST C/O AMG NATIONAL TRUST
    EIN: 84-6261346
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    AVALON BAY CMNTYS INC COM   3,937 4,500
    BOSTON PROPERTY CLASS A   7,496 8,610
    CAMDEN PROPERTY TRUST   1,088 1,350
    DIAMONDROCK HOSPITALITY CO   1,832 2,400
    EASTGROUP PROPERTIES INC   7,532 8,464
    EQUITY RESIDTL PPRY   6,624 7,790
    ESSEX PROPERTY TRUST   3,133 3,427
    FEDERAL REALTY INVS TRUST   3,661 3,897
    HCP INC   4,900 5,519
    HEALTHCARE REALTY TRUST INC   5,765 5,293
    HEALTH CARE REIT INC   6,438 7,146
    HIGHWOODS PPTYS INC COM   1,451 1,593
    HOST HOTELS & RESORTS INC   2,876 3,574
    KIMCO REALTY CORPORATION   3,652 4,510
    LASALLE HOTEL PROPERTIES   1,122 1,320
    LIBERTY PROPERTY TRUST   4,597 4,788
    MACK-CALI REALTY CORP   1,855 1,984
    PS BUSINESS PARKS INC/CA   7,542 7,244
    PUBLIC STROAGE INC   9,216 10,142
    SIMON PROPERTY GROUP INC   12,813 14,924
    TANGER FACTORY OUTLET CENTER   4,257 5,119
    VENTAS INC   12,110 13,120
    VORNADO REALTY TRUST   11,638 12,500


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
    TRUST C/O AMG NATIONAL TRUST
    EIN: 84-6261346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE AND INVESTMENT FEES 55,283 55,283   0


    TY 2010 TaxesSchedule
    Name:
    THE SAM & FREDA DAVIS 1993 CHARITABLE
    TRUST C/O AMG NATIONAL TRUST
    EIN: 84-6261346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2009 TAX LIABILITY 75 0   0
    2010 ESTIMATED PAYMENT 1,200 0   0