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
STEPHENS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1943   Room/suite
City or town, state, and ZIP code
BIRMINGHAM, AL352011943
A Employer identification number

63-1035698
B Telephone number (see page 10 of the instructions)

(205) 991-6600
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$8,943,730J 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 1,949 1,949  
4 Dividends and interest from securities...... 177,393 177,393  
5a Gross rents.............. 7,827 7,827  
b Net rental income or (loss) 7,237
6a Net gain or (loss) from sale of assets not on line 10 -620,082
b Gross sales price for all assets on line 6a 6,524,675
7 Capital gain net income (from Part IV, line 2)... 0
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 837 837  
12 Total. Add lines 1 through 11........ -432,076 188,006  
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 1,000 0   0
c Other professional fees (attach schedule).... Click to see attachment 7,825 7,825   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 17 17   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,459 4,943   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,301 12,785   0
25 Contributions, gifts, grants paid........ 691,040 691,040
26 Total expenses and disbursements. Add lines 24 and 25 706,341 12,785   691,040
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,138,417
b Net investment income (if negative, enter -0-) 175,221
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.......... 1,671,222 1,483,219 1,483,219
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,527,531 Click to see attachment4,831,110 4,857,005
c Investments—corporate bonds (attach schedule)........ 18,653    
11 Investments—land, buildings, and equipment: basis bullet2,600,000
Less: accumulated depreciation (attach schedule) bullet   2,600,000 2,600,000 2,600,000
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 238,846 Click to see attachment3,506 3,506
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,056,252 8,917,835 8,943,730
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......... 11,724,106 11,724,106
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -1,667,854 -2,806,271
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,056,252 8,917,835
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,056,252 8,917,835
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 10,056,252
2 Enter amount from Part I, line 27a...................... 2 -1,138,417
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 8,917,835
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 8,917,835
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 SI PARTNERSHIP K-1 P    
b SI PARTNERSHIP K-1 P    
c PUBLICLY TRADED SECURITIES P    
d SI PARTNERSHIP INTEREST P   2010-12-31
e
(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 46,003     46,003
b 20,837     20,837
c 6,160,406   6,847,328 -686,922
d 297,429   297,429 0
e
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       46,003
b       20,837
c       -686,922
d       0
e
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 -620,082
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 1,581,000 9,651,263 0.163813
2008 1,022,583 10,159,160 0.100656
2007 751,759 8,635,773 0.087052
2006 1,432,360 4,290,522 0.333843
2005 1,206,526 2,736,499 0.440901
2 Total of line 1, column (d) ...................... 2 1.126265
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 0.225253
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 9,017,856
5 Multiply line 4 by line 3....................... 5 2,031,299
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,752
7 Add lines 5 and 6......................... 7 2,033,051
8 Enter qualifying distributions from Part XII, line 4.............. 8 691,040
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 3,504
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 3,504
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 3,504
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 8,208
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 8,208
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 4,704
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet4,704 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)bulletAL
    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 ofbulletJ DAVID WALKER Telephone no.bullet (205) 991-6600
    Located atbulletPO BOX 1943BIRMINGHAMAL ZIP+4bullet35201
    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
    JAMES T STEPHENS PRESIDENT
    0.00     		0 0 0
    PO BOX 1943
    BIRMINGHAM,AL352011943
    ELTON B STEPHENS JR TREASURER
    0.00     		0 0 0
    PO BOX 1943
    BIRMINGHAM,AL352011943
    DELL S BROOKE SECRETARY
    0.00     		0 0 0
    PO BOX 1943
    BIRMINGHAM,AL352011943
    JANE S COMER VICE PRESIDENT
    0.00     		0 0 0
    PO BOX 1943
    BIRMINGHAM,AL352011943
    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
    4,977,964
    b
    Average of monthly cash balances.......................
    1b
    1,577,220
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    2,600,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,155,184
    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
    9,155,184
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    137,328
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,017,856
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    450,893
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    450,893
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,504
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,504
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    447,389
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    447,389
    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
    447,389
    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
    691,040
    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
    691,040
    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
    691,040
    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 7 447,389
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 1,074,649
    b From 2006....... 1,222,474
    c From 2007....... 336,846
    d From 2008....... 520,812
    e From 2009....... 1,100,922
    fTotal of lines 3a through e......... 4,255,703
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 691,040
    a Applied to 2009, but not more than line 2a 0
    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..... 447,389
    e Remaining amount distributed out of corpus 243,651
    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 4,499,354
    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 ..........     		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) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		1,074,649
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		3,424,705
    10 Analysis of line 9:
    a Excess from 2006.... 1,222,474
    b Excess from 2007.... 336,846
    c Excess from 2008.... 520,812
    d Excess from 2009.... 1,100,922
    e Excess from 2010.... 243,651
    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
    A PLUS EDUCATION PARTNERSHIP
    PO BOX 4433
    MONTGOMERY,AL36103     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    ALABAMA BALLET
    2726 1ST AVENUE SOUTH
    BIRMINGHAM,AL35233     		  PUBLIC CHARITY SUPPORT OF ARTS 35,000
    ALABAMA CITIZENS FOR CONSTITUTIONAL REFORM
    PO BOX 10746
    BIRMINGHAM,AL35202     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    ALABAMA ENVIRONMENTAL COUNCIL
    2717 7TH AVE SOUTH
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    ALABAMA HUMANITIES FOUNDATION
    1100 IRELAND WAY STE 201
    BIRMINGHAM,AL35205     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,500
    ALABAMA RIVERS ALLIANCE
    2027 2ND AVENUE NORTH
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 7,750
    ALABAMA SYMPHONY ENDOWMENT
    3621 SIXTH AVENUE SOUTH
    BIRMINGHAM,AL35222     		  PUBLIC CHARITY SUPPORT OF ARTS 35,000
    ALABAMA WATER WATCH ASSOCIATION
    PO BOX 3875
    MONTGOMERY,AL36109     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    ALLIANCE FOR WATER EFFICIENCY
    PO BOX 804127
    CHICAGO,IL60680     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 250
    ALS ASSOCIATION - AL CHAPTER
    PO BOX 2888
    HUNTSVILLE,AL358042888     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    ALTAMONT SCHOOL
    PO BOX 131429
    BIRMINGHAM,AL35213     		  PUBLIC CHARITY SUPPORT OF EDUCATION 500
    AMERICAN COLLEGE OF THE BUILDING ARTS
    21 MAGAZINE ST
    CHARLESTON,SC29401     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 8,000
    APPALACHIAN VOICES
    191 HOWARD STREET
    BOONE,NC28607     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 750
    ATCHAFALAYA BASINKEEPER
    162 CROYDON
    BATON ROUGE,LA70764     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    BIG BROTHERS BIG SISTERS
    1901 14TH AVE S
    BIRMINGHAM,AL35205     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    BIRMINGHAM BOTANICAL GARDENS
    2612 LANE PARK ROAD
    BIRMINGHAM,AL35223     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    BIRMINGHAM MUSEUM OF ART
    2000 8TH AVE N
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF ARTS 30,000
    BIRMINGHAM SOUTHERN COLLEGE
    PO BOX 549003
    BIRMINGHAM,AL35254     		  PUBLIC CHARITY SUPPORT OF EDUCATION 11,000
    BLACK WARRIOR RIVERKEEPER
    712 37TH STREET SOUTH
    BIRMINGHAM,AL35259     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 31,000
    BOYS & GIRLS CLUB OF CENTRAL ALABAMA
    PO BOX 10391
    BIRMINGHAM,AL35202     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    CAHABA RIVER SOCIETY
    2717 7TH AVE SOUTH
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    CAMP MCDOWELL
    105 DELONG ROAD
    NAUVOO,AL35578     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 750
    CANTERBURY
    350 OVERBROOK ROAD
    BIRMINGHAM,AL35213     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 32,500
    CHOCTAWATCHEE RIVERKEEPER
    PO BOX 6734
    BANKS,AL36005     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    CHURCH TONIGHT MINISTRIES
    239 LEXINGTON PLACE
    SEVIERVILLE,TN37862     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 21,000
    CITIZENS COAL COUNCIL
    PO BOX 964
    WASHINGTON,PA15301     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    COMPASSION AND CHOICES
    PO BOX 101810
    DENVER,CO802501810     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 10,000
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVE 32ND FLOOR
    NEW YORK,NY100015004     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    FRESHWATER LAND TRUST
    PO BOX 549071
    BIRMINGHAM,AL35254     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    FRIENDS OF HURRICANE CREEK
    PO BOX 40836
    TUSCALOOSA,AL35404     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    FRIENDS OF LOCUST FORK RIVER
    PO BOX 245
    HAYDEN,AL35079     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    GATEWAY
    1401 20TH STREET SOUTH
    BIRMINGHAM,AL35205     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    GIBBES MUSEUM
    135 MEETING STREET
    CHARLESTON,SC29401     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    GLENWOOD
    150 GLENWOOD LANE
    BIRMINGHAM,AL35242     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    IMPACT
    1901 6TH AVE NORTH
    BIRMINGHAM,AL35202     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 10,500
    JONES VALLEY URBAN FARMS
    PO BOX 55357
    BIRMINGHAM,AL35255     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    MAGIC MOMENTS
    1600 7TH AVENUE SOUTH
    BIRMINGHAM,AL35233     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    MCWANE CENTER
    200 19TH STREET NORTH
    BIRMINGHAM,AL352033117     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 4,000
    METROPOLITAN MINISTRIES
    2002 NORTH FLORIDA AVENUE
    TAMPA,FL336023644     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    MISSION WOLF
    PO BOX 1211
    WESTCLIFFE,CO81252     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    NATURE CONSERVANCY
    PO BOX 6017
    ALBERT LEA,MN560079823     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    OASIS WOMEN'S COUNSELING CENTER
    1900 14TH AVE SOUTH
    BIRMINGHAM,AL35205     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 8,000
    PARKINSON ASSOCIATION OF ALABAMA
    PO BOX 590146
    BIRMINGHAM,AL35259     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    RIVER NETWORK
    520 SW 6TH AVE SUITE 1130
    PORTLAND,OR972041535     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,750
    RUFFNER MOUNTAIN NATURE CENTER
    1214 81ST STREET SOUTH
    BIRMINGHAM,AL35206     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 250
    SIMON-CYRENE GROUP
    2031 11TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 17,000
    SOUTHERN ENVIRONMENT LAW CENTER
    PO BOX 320189
    CHARLOTTESVILLE,VA22902     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    SOUTHWINGS
    35 HAYWOOD STREET SUITE 201
    ASHEVILLE,NC28801     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    TAMPA BAY HISTORY CENTER
    100 N TAMPA STREET STE 4100
    TAMPA,FL336023644     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    TAMPA MUSEUM OF ART
    2306 N HOWARD AVE
    TAMPA,FL33607     		  PUBLIC CHARITY SUPPORT OF ARTS 2,500
    WATERKEEPER ALLIANCE
    50 SOUTH BUCKHOUT
    IRVINGTON,NY10533     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    WBHM PUBLIC RADIO
    650 11TH STREET SOUTH
    BIRMINGHAM,AL35294     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,250
    WILD SOUTH
    16 EAGLE STREET
    ASHEVILLE,NC28801     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,500
    WILDERNESS SOCIETY
    1615 M ST NW
    WASHINGTON,DC20036     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    YWCA
    309 NORTH 23RD STREET
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 10,000
    ALABAMA HERITAGE
    PO BOX 870342
    TUSCALOOSA,AL35487     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,500
    ALABAMA KIDNEY FOUNDATION
    PO BOX 12505
    BIRMINGHAM,AL35202     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    ALABAMA MOVING IMAGE
    PO BOX 590125
    BIRMINGHAM,AL35259     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    ALABAMA SUSTAINABLE AGRICULTURE NETWORK
    PO BOX 18782
    HUNTSVILLE,AL35804     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    ALABAMA FIRST
    732 MONTGOMERY HWY
    BIRMINGHAM,AL35216     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 14,000
    ALYS STEPHENS CENTER
    1530 3RD AVE S
    BIRMINGHAM,AL35294     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 12,500
    ARISE CITIZENS' POLICY PROJECT
    PO BOX 1188
    MONTGOMERY,AL36101     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    BRAIN TUMOR CENTER OF EXCELLENCE
    MEDICAL CENTER BLVD
    WINSTONSALEM,NC271571021     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 8,000
    BSA ALABAMA CENTRAL COUNCIL
    516 LIBERTY PARKWAY
    BIRMINGHAM,AL35242     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    CAHABA RIVER KEEPER
    4650 OLD LOONEY MILL RD
    BIRMINGHAM,AL35243     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    CENTER FOR WATERSHED PROTECTION
    8390 MAIN STREET
    ELLICOTT CITY,MD21043     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    CHARITY WATER
    200 VARICK ST
    NEW YORK,NY10014     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    CHILDCARE RESOURCES
    1904 FIRST AVENUE NORTH
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    CHILDRENS HOSPITAL
    1600 7TH AVENUE SOUTH
    BIRMINGHAM,AL35233     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 25,000
    CITY WORKS
    4912 LLOYD NOLAND PARKWAY
    FAIRFIELD,AL35064     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    COASTAL CONSERVATION LEAGUE
    328 EAST BAY ST PO BOX 1765
    CHARLESTON,SC29402     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    COLLAT JEWISH FAMILY SERVICES
    3940 MONTCLAIR RD
    BIRMINGHAM,AL35213     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    CRIPPLED CHILDRENS FOUNDATION
    400 SHADES CREEK PARKWAY
    BIRMINGHAM,AL35209     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    DECATUR YMCA PWY CAMPAIGN
    1100 CLAIRMONT AVENUE
    DECATUR,AL30030     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    FRESH AIR FAMILY
    PO BOX 321038
    BIRMINGHAM,AL35233     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    FRIENDS OF HALE COUNTY
    700 27TH PLACE SOUTH
    BIRMINGHAM,AL35233     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,500
    GLENWOOD FAMILY AND COMMUNITY SERVICES
    150 GLENWOOD LANE
    BIRMINGHAM,AL35242     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    GOD'S OUTREACH CENTER
    4418 US HWY 280
    HARPERSVILLE,AL35078     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    GREATER BIRMINGHAM MINISTRIES
    2304 12TH AVENUE NORTH
    BIRMINGHAM,AL35234     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    HISTORIC CHARLESTON FOUNDATION
    40 EAST BAY ST
    CHARLESTON,SC29401     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    KNOLLWOOD PRESCHOOL
    330 KNOLLWOOD ST
    WINSTONSALEM,NC27104     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,000
    LEADING EDGE
    PO BOX 59402
    BIRMINGHAM,AL35259     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 2,500
    LINLEY HEFLIN
    13 OFFICE PARK CIRCLE
    BIRMINGHAM,AL35223     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    LOW COUNTRY LOCAL FIRST
    1345 AVENUE G AA
    NORTH CHARLESTON,SC29405     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    MAIN STREET BIRMINGHAM
    5217 7TH AVENUE SOUTH
    BIRMINGHAM,AL35212     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    METROPOLITAN OPERA
    LINCOLN CENTER
    NEW YORK,NY10023     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    MOUNTAIN BROOK ELEMENTARY
    3225 STERLING RD
    BIRMINGHAM,AL35213     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    MS FOUNDATION
    12 METRO TECH CENTER
    BROOKLYN,NY11201     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 20,000
    PARKER STREET MINISTRIES
    PO BOX 433
    LAKELAND,FL33802     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    PARKINSON RESEARCH FOUNDATION
    PO BOX 202560
    SARASOTA,FL34276     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    PATHWAYS WOMENS SHELTER
    409 RICHARD ARRINGTON
    BIRMINGHAM,AL35203     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    PHEONIX CLUB OF BIRMINGHAM
    64 NORMAN DRIVE
    BIRMINGHAM,AL35213     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 500
    RED MOUNTAIN PARK FUND
    277 LYON LANE
    BIRMINGHAM,AL35211     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 250
    RED MOUNTAIN THEATER
    PO BOX 278
    BIRMINGHAM,AL35201     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    SHRINERS HOSPITALS FOR CHILDREN
    2900 ROCKY POINT DR
    TAMPA,FL33607     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 1,000
    SMITH LAKE ENVIRONMENTAL PRESERVATION COMMITTEE
    492 COUNTY ROAD 165
    CRANE HILL,AL35053     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 250
    SUMMIT SCHOOL
    2100 REYNOLD ROAD
    WINSTONSALEM,NC27106     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 4,000
    FRIENDS OF BIG CANOE CREEK
    PO BOX 10
    SPRINGVILLE,AL35146     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 250
    THE HOPE SOCIETY
    150 GLENWOOD LANE
    BIRMINGHAM,AL35242     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    THE SALVATION ARMY
    PO BOX 11005
    BIRMINGHAM,AL35202     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    THE UNIVERSITY OF ALABAMA MUSEUM
    PO BOX 870340
    TUSCALOOSA,AL35487     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 7,040
    UAB EDUCATIONAL FOUNDATION
    701 20TH ST S
    BIRMINGHAM,AL35294     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 150,000
    UNICEF HOUSE
    3 UNITED NATIONS PLAZA
    NEW YORK,NY10017     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    VE GLOBAL
    BOX 390777
    CAMBRIDGE,MA01239     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    WOMEN MOVING MILLIONS
    79 5TH AVENUE
    NEW YORK,NY10012     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 5,000
    SAMPSON'S SANCTUARY
    2229 COLD BRANCH RD
    BLOUNTSVILLE,AL35031     		  PUBLIC CHARITY SUPPORT OF THE ORGANIZATION 3,000
    Total .................................bullet 3a 691,040
    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 1,949  
    4 Dividends and interest from securities....     14 177,393  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 7,237  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 837  
    8Gain or (loss) from sales of assets other than inventory     18 -620,082  
    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 -432,666 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-432,666
    (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:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,000 0   0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 4,831,110 4,857,005
    FEDERATED 0 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SI PARTNERSHIP AT COST 0 0
    STOWERS LEASEHOLD POOL AT COST 3,506 3,506

    TY 2010 OtherExpensesSchedule
    Name:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 1,412 0   0
    FARM EXPENSES 590 590   0
    INVESTMENT ADVISORY FEE 4,353 4,353   0
    MISCELLANEOUS 104 0   0


    TY 2010 OtherIncomeSchedule2
    Name:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STOWERS LEASEHOLD 414 414 414
    SI PARTNERSHIP 423 423 423


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SI PARTNERSHIP K-1 7,825 7,825   0


    TY 2010 TaxesSchedule
    Name:
    STEPHENS FOUNDATION
    EIN: 63-1035698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 17 17   0