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
Gene & Ruth Posner Foundation Inc
c/o Michael Best & Friedrich LLP

Number and street (or P.O. box number if mail is not delivered to street address)100 East Wisconsin Avenue No 3300   Room/suite
City or town, state, and ZIP code
Milwaukee, WI532024108
A Employer identification number

39-6050150
B Telephone number (see page 10 of the instructions)

(414) 225-4992
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$8,610,715J 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 40,103 40,103  
4 Dividends and interest from securities...... 149,122 149,122  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 278,738
b Gross sales price for all assets on line 6a 4,097,226
7 Capital gain net income (from Part IV, line 2)... 278,738
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 500 0  
12 Total. Add lines 1 through 11........ 468,463 467,963  
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)......... Click to see attachment 66,518 66,518   0
b Accounting fees (attach schedule)....... Click to see attachment 5,455 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,125 2,125   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 52,049 50,983   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 126,147 119,626   0
25 Contributions, gifts, grants paid........ 291,700 291,700
26 Total expenses and disbursements. Add lines 24 and 25 417,847 119,626   291,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 50,616
b Net investment income (if negative, enter -0-) 348,337
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.......... 149,395 155,435 155,435
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) 202,966 Click to see attachment150,777 161,964
b Investments—corporate stock (attach schedule)........ 2,818,972 Click to see attachment2,926,405 3,762,108
c Investments—corporate bonds (attach schedule)........ 520,459 Click to see attachment679,583 693,061
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,208,055 Click to see attachment3,941,346 3,838,147
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) 7,899,847 7,853,546 8,610,715
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 7,899,847 7,853,546
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,899,847 7,853,546
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,899,847 7,853,546
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 7,899,847
2 Enter amount from Part I, line 27a...................... 2 50,616
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,950,463
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 96,917
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 7,853,546
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 Publicly traded securities P    
b Securities Litigation Proceeds-Freeport McMoran P    
c Securities Litigation Proceeds-Freeport McMoran P    
d Securities Litigation Proceeds-AIG P    
e Securities Litigation Proceeds-United Health Group 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 4,094,906   3,818,488 276,418
b 43     43
c 279     279
d 1,606     1,606
e 392     392
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       276,418
b       43
c       279
d       1,606
e       392
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 2 278,738
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 522,522 7,032,948 0.074296
2008 564,360 8,865,281 0.063660
2007 553,000 10,631,749 0.052014
2006 535,377 8,106,212 0.066045
2005 350,818 6,041,707 0.058066
2 Total of line 1, column (d) ...................... 2 0.314081
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 0.062816
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 7,779,993
5 Multiply line 4 by line 3....................... 5 488,708
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,483
7 Add lines 5 and 6......................... 7 492,191
8 Enter qualifying distributions from Part XII, line 4.............. 8 291,700
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 6,967
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 6,967
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 6,967
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 2,625
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 4,438
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,063
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 96
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
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)bulletWI
    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 ofbulletAttorney Joshua Gimbel Telephone no.bullet (414) 225-4992
    Located atbullet100 E Wisconsin Ave 3300MilwaukeeWI ZIP+4bullet532024108
    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
    Frederic G Posner Director
    1.00     		0 0 0
    31450 Manitoba Drive
    Evergreen,CO804397045
    Barbara P Ward Director
    1.00     		0 0 0
    7 Fremont St
    Plymouth,MA02360
    Joshua L Gimbel Director
    2.00     		0 0 0
    100 East Wisconsin Avenue 3300
    Milwaukee,WI532024108
    David Posner Director
    1.00     		0 0 0
    58 Parsonage Road
    Greenwich,CT06830
    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
    7,764,479
    b
    Average of monthly cash balances.......................
    1b
    133,991
    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
    7,898,470
    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
    7,898,470
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    118,477
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,779,993
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    389,000
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    389,000
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    6,967
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,967
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    382,033
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    500
    5
    Add lines 3 and 4.............................
    5
    382,533
    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
    382,533
    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
    291,700
    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
    291,700
    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
    291,700
    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 7 382,533
    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.......  
    b From 2006....... 108,568
    c From 2007....... 35,071
    d From 2008....... 130,876
    e From 2009....... 171,831
    fTotal of lines 3a through e......... 446,346
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 291,700
    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..... 291,700
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 90,833 90,833
    (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 5 355,513
    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) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		355,513
    10 Analysis of line 9:
    a Excess from 2006.... 17,735
    b Excess from 2007.... 35,071
    c Excess from 2008.... 130,876
    d Excess from 2009.... 171,831
    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
    AIDS Life Cycle
    2370 Market St 2nd Floor
    San Francisco,CA94114     		None Public General operations 2,000
    ALS Association - Wisconsin Chapter
    2505 North 124 St 105
    Brookfield,WI53005     		None Public General operations 5,000
    Bernard Zell Anshe Emet
    3751 N Broadway St
    Chicago,IL60613     		None Public General operations 1,000
    Big Brothers Big Sisters of Metro Milwaukee Inc
    788 North Jefferson Street
    Milwaukee,WI532023739     		None Public General operations 1,000
    Blue Adobe ProjectSky Islands
    201 S Wilmot
    Tucson,AZ85711     		None Public General operations 1,000
    Books for Kids Foundation
    225 W 35th St 3rd Floor
    New York,NY10001     		None Public General operations 500
    Boys and Girls Club of Greenwich
    4 Horseneck Lane
    Greenwich,CT06830     		None Public General operations 1,000
    Boys and Girls Club of Milwaukee
    1558 N 6th St
    Milwaukee,WI532123845     		None Public General operations 1,000
    Boys and Girls Club of Plymouth
    9 Resnik Road
    Plymouth,MA02360     		None Public General operations 1,000
    Children's Cancer Research Fund
    11633 San Vicente Blvd 106
    Los Angeles,CA90049     		None Public General operations 2,500
    Children's Health Education Center
    13800 West North Avenue
    Brookfield,WI530054977     		None Public General operations 2,500
    Children's Outing Society
    909 East North Avenue
    Milwaukee,WI53212     		None Public General operations 3,000
    Columbia St Mary's Foundation
    3220 North Lake Drive
    Milwaukee,WI53222     		None Public General operations 5,000
    Congregation Shalom - Rabbi Shapiro
    7630 N Santa Monica Blvd
    Milwaukee,WI53217     		None Public General operations 1,000
    Cranberry Hospice
    36 Cordage Park Circle Ste 326
    Plymouth,MA02360     		None Public General operations 2,000
    Crohn's and Colitis Foundation
    386 Park Avenue South 17th Fl
    New York,NY10016     		None Public General operations 500
    Discovery World at Pier Wisconsin
    500 N Harbor Dr
    Milwaukee,WI53202     		None Public General operations 10,000
    Doctors Without Borders
    PO Box 5030
    Hagerstown,MD217415030     		None Public General operations 1,000
    Equality California Institute
    2370 Market St 2nd Floor
    San Francisco,CA94114     		None Public General operations 1,000
    First Stage Children's Theater - Scholarship Fund
    325 W Walnut Street
    Milwaukee,WI53212     		None Public General operations 1,000
    Friends of Milwaukee Public Museum
    800 West Wells Street
    Milwaukee,WI532331478     		None Public General operations 2,000
    Friends of the Open School
    PO Box 334
    Wheat Ridge,CO80034     		None Public General operations 11,000
    Friendship CircleThe ShulJewish Youth Foundation
    383 West Brown Deer Road Suite A
    Fox Point,WI53217     		None Public General operations 6,000
    Greenwich Library
    101 West Putnam
    GReenwich,CT06830     		None Public General operations 1,000
    Hunger Task Force
    201 S Hawley Ct
    Milwaukee,WI53214     		None Public General operations 3,000
    Institute for Democratic Education of America Inc
    PO Box 7571
    Salem,OR97303     		None Public General operations 5,000
    Institute for Extraordinary Living
    PO Box 309
    Stockbridge,MA01262     		None Public General operations 2,000
    Jefferson County Open School
    7655 W 10th Ave
    Lakewood,CO802144101     		None Public General operations 4,000
    Jewish Family Services
    1300 North Jackson Street
    Milwaukee,WI53202     		None Public General operations 5,000
    Jewish Home and Care Center Foundation
    1414 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 20,000
    Jordan Hospital Cardiac Care Fund
    275 Sandwich St
    Plymouth,MA02360     		None Public General operations 2,000
    Kenyan Children's Foundation
    PO Box 631116
    Highlands Ranch,CO801631116     		None Public General operations 1,000
    LA County Museum of Art
    5905 Wilshire Blvd
    Los Angeles,CA90036     		None Public General operations 1,000
    Larchmont Charter School
    815 N El Centro Ave
    Los Angeles,CA90038     		None Public General operations 3,500
    Legal Aid Society of Milwaukee
    229 East Wisconsin Avenue
    Milwaukee,WI53202     		None Public General operations 2,000
    Marquette Law School
    PO Box 1881
    Milwaukee,WI53202     		None Public General operations 50,000
    Medical College of Wisconsin - Eye Institute
    8701 West Watertown Plank Rd
    Milwaukee,WI53226     		None Public General operations 30,000
    Milwaukee Art Museum
    700 N Art Museum Drive
    Milwaukee,WI53202     		None Public General operations 1,500
    Milwaukee Bar Association Foundation
    424 E Wells St
    Milwaukee,WI53202     		None Public General operations 2,000
    Milwaukee Center for Independence
    2020 West Wells Street
    Milwaukee,WI53233     		None Public General operations 8,000
    Milwaukee Immediate Care Center
    1971 West Capitol Drive
    Milwaukee,WI53206     		None Public General operations 5,000
    Milwaukee Public Library Foundation
    814 W Wisconsin Avenue
    Milwaukee,WI53233     		None Public General operations 3,000
    Milwaukee Symphony Orchestra
    700 N Water Street Suite 700
    Milwaukee,WI53202     		None Public General operations 1,000
    Mount Evans Hospice
    3721 Evergreen Pkwy Ste 9
    Evergreen,CO80437     		None Public General operations 1,000
    NCJW-HIPPY
    PO Box 17900
    Glendale,WI53217     		None Public General operations 500
    Neighborhood House of Milwaukee
    2819 West Richardson Place
    Milwaukee,WI53204     		None public General operations 1,000
    New Los Angeles Charter
    1919 Burnside Avenue
    Los Angeles,CA90016     		None Public General operations 3,500
    North Stree School PTA
    381 North Street
    Greenwich,CT06830     		None Public General operations 1,000
    Operation Dream
    PO Box 270604
    Milwaukee,WI53227     		None Public General operations 10,000
    Pennies for Hunger
    PO Box 6272
    Plymouth,MA02360     		None Public General operations 1,500
    Plymouth Guild for the Arts Inc
    PO Box 4077
    Plymouth,MA02361     		None Public General operations 2,000
    Plymouth Philharmonic
    PO Box 3174
    Plymouth,MA02361     		None Public General operations 1,000
    Plymouth Public Library
    132 South St
    Plymouth,MA02360     		None Public General operations 1,000
    Red Ribbon
    270 Greenwich Avenue
    Glendale,CT06830     		None Public General operations 1,000
    Satsang Foundation
    18823 S Rochelle
    Cerritos,CA907036012     		None Public General operations 5,000
    Selma Maisel School
    300 East Putnam Avenue
    Greenwich,CT06830     		None Public General operations 1,000
    SHARP Literacy Inc
    750 North Lincoln Memorial Drive
    Milwaukee,WI53202     		None Public General operations 21,200
    St Ann's Center
    2801 E Morgan Ave
    Milwaukee,WI54207     		None Public General operations 1,000
    The China Care Foundation
    PO Box 607
    Westport,CT06881     		None Public General operations 1,000
    The Jewish Museum of Wisconsin
    1360 N Prospect Aevnue
    Milwaukee,WI53202     		None Public General operations 5,000
    The Robbin Hood Foundation
    826 Broadway 9th Floor
    New York,NY10003     		None Public General operations 2,500
    The Urban Ecology Center
    1500 East Park Place
    Milwaukee,WI53211     		None Public General operations 1,000
    United Community Center
    1028 South 9th Street
    Milwaukee,WI53204     		None Public General operations 1,000
    United Performing Arts Fund
    929 N Water Street
    Milwaukee,WI53202     		None Public General operations 2,000
    United Way of Greater Milwaukee
    225 W Vine St
    Milwaukee,WI53212     		None Public General operations 2,000
    University of Texas MD Anderson Cancer Center
    1515 Holcombe Blvd
    Houston,TX77030     		None Public General operations 1,000
    Vince Lombardi Charitable Funds Inc
    PO Box 341217
    Milwaukee,WI532341217     		None Public General operations 2,000
    Whittmore-Peterson Institute
    6600 N Wingfield Pkwy
    Sparks,NV89436     		None Public General operations 1,500
    Wisconsin Humane Society
    4500 W Wisconsin Avenue
    Milwaukee,WI53208     		None Public General operations 1,000
    Young Playwrights' Theater
    2437 Fifteenth Street NW 3rd Floor
    Washington,DC20009     		None Public General operations 6,000
    YWCA of Greenwich
    259 East Putnam Avenue
    Greenwich,CT06830     		None Public General operations 1,000
    Zoological Society of Milwaukee
    1421 N Water St
    Milwaukee,WI53202     		None Public General operations 1,000
    Total .................................bullet 3a 291,700
    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 40,103  
    4 Dividends and interest from securities....     14 149,122  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 278,738  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPrior year grant returned         500
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 467,963 500
    13Total. Add line 12, columns (b), (d), and (e)...................
    13468,463
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    11a Grant paid in a prior year returned or recovered in the current year
    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:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 5,455 0   0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Bank One Corp Sub Nts 5.900 11/15/2011 106,220 104,283
    Caterpillar 6.2% 09302012 52,263 56,170
    Conocophillips Notes 103,780 108,704
    Costco Whsl Corp Senior 5.5% Notes 46,480 45,634
    Credit Suisse USA Inc. 5.375% note 54,115 54,865
    General Electric Capital Corp Med Term Notes 52,539 53,469
    Hewlwtt Packard Co 6.125% notes 57,036 56,662
    Medtronic Inc Senior Notes 50,129 51,360
    Morgan Stanley Notes 53,548 53,281
    Private Expt Fdg Corp 50,897 53,008
    Wyeth Notes 5.5% 02012014 52,576 55,625

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Amazon 10,851 27,900
    Apple Comp 19,073 37,094
    Baidu Inc 5,789 28,959
    BE Arospace 17,688 19,256
    Carbo Ceramics, Inc 6,235 6,213
    Celgene Corp 10,909 11,532
    Chipotle 9,661 24,456
    Cognizant Technologies solutions 11,232 22,720
    Continental Resources 11,974 15,595
    Country Style Cooking Restaurant Chain 5,622 4,485
    CTrip.com 7,628 11,326
    FMC Technologies, Inc. 10,474 13,781
    Freeport McMoran 13,299 19,214
    FS Networks Inc 6,392 18,222
    Google Inc 14,137 14,849
    Green Mountain Coffee Roasters 12,224 23,824
    HDFC BK LTD 7,557 15,875
    Intuitive Surgical 7,465 7,733
    Jones Lang LaSalle 9,541 10,490
    Las Vegas Sands Corp 7,974 12,177
    Mastercard 13,042 11,206
    Mercadolibre Inc 11,024 12,996
    Mosaic Co 12,141 20,617
    MSCI Inc 5,240 9,350
    Netapp Inc 10,649 17,587
    Opentable Inc 7,037 10,924
    Praxair 5,124 5,728
    Price T Rowe Group 15,728 20,007
    Priceline 5,421 21,975
    Quality Systems Inc 11,462 13,615
    Resmed Inc 5,780 5,716
    Rovi Corp 17,177 24,494
    Salesforce.com 9,275 22,440
    Silicon Laboratories 6,336 6,213
    Sothebys 8,832 11,475
    Stericycle Inc 15,560 21,444
    SXC Health Solutions 9,658 18,001
    VMWare Inc 13,991 19,116
    ABB Ltd 9,349 12,011
    Allstate 12,748 11,477
    AT&T Inc 12,170 13,809
    ATMI 11,068 12,562
    Avery Dennison 6,383 7,198
    Avnet Inc 11,564 13,047
    Bancorpsouth 6,099 6,859
    Baxter International 12,195 13,921
    BB&T Corp 14,102 13,934
    Benchmark Electronics 14,840 16,162
    Boston Scientific 6,321 7,305
    Bunge 10,828 13,759
    Cimarex Energy 2,253 7,082
    Covidien Ltd 14,196 15,068
    CVS Caremark 13,705 14,951
    Devon Energy Corp 13,694 14,132
    Emcor Group 13,223 14,055
    Endo Pharmaceuticals Hldgs 7,983 13,927
    ENSCO PLC 12,085 15,480
    First Interstate Bancsystem 9,037 11,125
    Forest Laboratories 10,380 12,152
    Gammon Gold 16,497 16,052
    Hawaiian Electric 9,398 11,965
    Inland Real Estate Corp 9,990 9,988
    Johnson Controls Inc 11,027 18,145
    Kirby Group 10,178 12,775
    Marathon Oil 11,666 12,961
    Mastec Inc 11,292 14,006
    Micrel Inc 7,417 12,470
    Microsoft 5,490 6,419
    Mohawk Industries 8,843 10,501
    Morgan Stanley 13,465 11,972
    Overseas Shipholding 13,162 12,751
    Patterson-UTI 7,202 9,913
    Pfizer 12,513 12,695
    PNC Financial 7,062 10,626
    PNM Resources 11,168 12,760
    Quest Diagnostics 6,580 6,476
    Raymond James Finl 10,735 16,514
    Safeway Inc 11,981 12,707
    Selective Insurance 13,651 15,427
    Southern Union 7,128 12,276
    Tellabs 11,439 10,611
    Tidewater Inc 13,506 15,344
    Torchmark Corp 12,196 16,727
    Tyco Electronics 11,211 13,452
    Universal Forest Products 6,021 7,780
    Unum Group 10,711 12,110
    Werner Enterprises 4,925 6,328
    Aaron Rents 5,674 5,770
    Advanced Energy Industries 3,853 4,569
    Alexander & Baldwin 7,407 6,005
    American Campus Communities 5,201 5,177
    American Science & Engineering 3,715 6,051
    Anntaylor Stores 7,123 11,942
    Arbitron 5,380 4,567
    Astoria Financial 5,562 5,814
    Bank Hawaii 4,611 4,815
    Caci Intl 7,627 8,170
    Capella Education Company 7,056 6,791
    Carpenter Technology 6,813 8,611
    Carter's Inc 4,138 8,204
    Cedar Shopping Centers Inc 6,092 3,057
    Cheescake Factory 2,998 7,358
    Community Bank Systems 3,729 4,610
    Compass Minerals 9,464 12,051
    Dominos Pizza 7,488 8,501
    Dreamworks 4,953 5,924
    Eagle Bulk Shipping 4,442 4,019
    Entegris 3,703 7,410
    Fair Isaac Inc 7,585 8,553
    Fairchild Semiconductor 5,862 9,553
    Felcor Lodging Trust 5,046 5,808
    Ferro Corp 5,165 5,183
    First Industrial Realty Trust 6,396 6,579
    First Midwest Bancorp 5,324 3,560
    Forest Oil Corp 10,770 11,695
    Gardner Denver 5,219 8,671
    Genesee & Wyoming Inc 7,351 9,743
    Gentiva Health 6,338 8,060
    Gibraltar Industries 3,814 3,175
    Glacier Bancorp 6,240 5,787
    Haemonetics Corp 6,903 7,771
    Hanover Ins Group 7,482 7,615
    Harmonic Inc 4,107 5,459
    Idex Corp 5,397 5,751
    ION Geophysical 8,655 9,209
    Kansas City Southern 2,373 8,184
    Kaydon Corp 8,302 6,719
    Lifepoint Hospitals 5,798 5,954
    Magellan Health Services 6,009 6,667
    Merit Med Sys 8,762 8,833
    MGIC Invt Corp 3,442 5,258
    Mid Amer Apartment Communities Inc 8,352 9,778
    Modine 5,615 7,812
    Nordson Corp 4,282 6,248
    North American Energy Partners 1,854 5,394
    Old Nattional Bancorp 9,021 5,909
    Prosperity Bancshares 3,180 4,517
    PSS World Med inc 6,836 8,294
    Rehabcare Group 5,250 5,025
    Robbins & Myers 8,834 9,589
    Spartech 5,944 4,399
    Sun Communities 6,239 10,060
    Sunrise Senior Living Inc 13,232 6,104
    Superior Energy Services 4,640 6,998
    Tekelec Inc 3,090 3,085
    Tenneco Automotive 3,372 11,443
    Tetra Tech 2,580 3,082
    Titan Intl 5,078 10,513
    Tractor Supply 3,534 10,668
    Treehouse Foods 4,945 9,809
    United Natural Foods 4,547 9,097
    United Rentals 5,409 6,507
    US Physical Therapy 4,143 4,737
    Wabtec Corp 6,113 7,034
    WestAmerica Bancorporation 9,738 9,652
    Whiting Petroleum Corp 5,482 12,422
    Adobe Systems 20,311 19,176
    Alere Inc 25,898 24,851
    Amdocs Ltd 17,861 23,157
    Ansys Inc 6,402 12,341
    Baker Hughes 27,536 34,645
    Best Buy Company 22,603 22,357
    China Mobile Limited Sponsored ADR 20,353 20,592
    Comcast Corp 16,485 22,974
    Community Health System 4,822 6,727
    Conocophillips 21,494 31,803
    Corning Inc 17,811 23,918
    Dell 56,359 49,187
    Dish Network 10,199 17,615
    Eli Lilly & Co 31,299 29,994
    Fiserv 33,488 41,929
    Gazprom O A O Sponsored ADR 21,647 25,974
    General Electric 41,406 50,224
    Gilead Sciences 54,665 47,438
    Google Inc 38,423 43,360
    Hartford Financial Services 19,987 24,583
    ING Groep 26,408 30,809
    INPEX Corp 32,596 39,222
    JPMorgan Chase & Co 50,071 55,782
    Level 3 Communications 13,551 11,281
    Life Time Fitness 4,917 19,306
    Lockheed Martin Corp 20,312 18,876
    Marathon Oil 24,930 31,809
    MEMC Electronic Materials 21,195 19,457
    Microsoft Corp 13,602 20,067
    Mitsubishi UFJ Finl Group 30,290 27,634
    Monsanto 31,135 33,497
    NCR Corp 9,827 12,342
    ON Semiconductor 6,330 11,016
    PulteGroup Inc 13,582 12,784
    Rite Aid 1,098 2,229
    Sandridge Energy 20,150 21,191
    Thermo Fisher 25,875 37,756
    Transalantic Holdings 19,998 25,449
    Transocean Ltd 45,632 37,327
    United States STL Corp 28,856 35,286
    US Bancorp 20,756 39,080
    Varian Medical Systems 9,491 17,667
    Amazon.com 20,529 57,600
    Apple Inc 11,053 52,255
    ARM Holdings 14,860 16,704
    Borg Warner Automotive 21,750 44,067
    Caterpillar 4,251 11,239
    CH Robinson Worldwide 15,369 18,283
    Charles Schwab 29,123 28,180
    Core Laboratories NV 22,510 22,530
    Deere & Co. 17,734 18,935
    Emerson Electric Co 20,795 33,616
    Expeditors International of Washington 25,467 36,254
    Google Inc 27,053 28,511
    Illumina Inc 16,280 22,169
    Intuit Inc 24,249 33,327
    Intuitive Surgical 30,474 26,548
    Johnson Controls Inc 18,558 36,061
    LVMH Moet Hennessy Louis Vuitton SA ADR 8,774 8,918
    Marriott International 28,367 33,606
    Paccar Inc 5,872 11,239
    Precision Castparts Corp 27,004 27,007
    Price T Rowe Group 27,953 35,884
    Priceline Com Inc 22,569 46,747
    Qualcomm Inc 21,836 34,396
    Salesforce.com Inc 16,981 23,232
    Suntrust Banks 26,789 32,963
    Teva Pharmaceutical Industries 12,603 14,179
    Union Pacific Corp 26,559 37,620
    Vale S A ADR 27,756 32,496
    Walt Disney 19,637 28,733
    Wells Fargo & CO 34,428 38,644
    Yum Brands 19,013 25,702

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    US Government Securities - End of Year Book Value:

    150,777
    US Government Securities - End of Year Fair Market Value:

    161,964
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Dodge & Cox Intl Funds AT COST 807,886 705,062
    FPA Crescent Portfolio Instl AT COST 370,920 473,108
    Mutual Ser Funds AT COST 545,885 497,692
    Oakmark International Small Cap Fund AT COST 301,953 355,132
    Ridgeworth Fds US Govt Sec Ultra Short Term AT COST 45,166 45,164
    William Blair Funds International Growth AT COST 838,805 722,399
    Loomis Sayles Funds AT COST 185,369 194,034
    PIMCO Total Return Fund AT COST 225,794 220,501
    PNC Ultra Short Term Bond AT COST 89,942 89,355
    Ridgeworth Fds US Govt Sec Ultra Short Term AT COST 200,029 200,050
    Royal Bank of Canada Medium Term Note AT COST 50,355 51,019
    Templeton Global Bond Fund Advisor Cl AT COST 175,018 176,169
    Vanceinfo Technologies AT COST 4,224 8,462
    Israel ST Dlr Bd 5.500 08/01/2011 AT COST 100,000 100,000

    TY 2010 LegalFeesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 66,518 66,518   0


    TY 2010 OtherDecreasesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Description Amount
    Change from FIFO to High Cost Method for Cost of Securities 96,917


    TY 2010 OtherExpensesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Expenses from 1099s 71 71   0
    Cleary Gull Agency fees 50,912 50,912   0
    Miscellaneous Expenses 1,066 0   0


    TY 2010 OtherIncomeSchedule2
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Prior year grant returned 500   500


    TY 2010 TaxesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Michael Best & Friedrich LLP
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign taxes 2,125 2,125   0