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
GRACE AND HAROLD SEWELL MEMORIAL FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 685   Room/suite
City or town, state, and ZIP code
ISSAQUAH, WA980270025
A Employer identification number

20-0614721
B Telephone number (see page 10 of the instructions)

(425) 392-5520
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$1,680,093J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 40,024 40,024 40,024
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 25,810
b Gross sales price for all assets on line 6a 260,523
7 Capital gain net income (from Part IV, line 2)... 25,810
8 Net short-term capital gain......... 2,028
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 65,834 65,834 42,052
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,545 0 0 1,545
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 913 228 0 685
b Accounting fees (attach schedule)....... Click to see attachment 5,900 1,475 0 4,425
c Other professional fees (attach schedule).... Click to see attachment 11,303 11,303 0 0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,266 551 0 35
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 1,267 109 0 1,158
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,194 13,666 0 7,848
25 Contributions, gifts, grants paid........ 73,000 73,000
26 Total expenses and disbursements. Add lines 24 and 25 95,194 13,666 0 80,848
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -29,360
b Net investment income (if negative, enter -0-) 52,168
c Adjusted net income (if negative, enter -0-)... 42,052
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.......... 83,324 97,058 97,058
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) 78,334 Click to see attachment58,577 59,062
b Investments—corporate stock (attach schedule)........ 828,888 Click to see attachment791,552 994,342
c Investments—corporate bonds (attach schedule)........ 483,508 Click to see attachment443,191 444,501
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,008 Click to see attachment55,324 85,130
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) 1,475,062 1,445,702 1,680,093
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 1,475,062 1,445,702
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,475,062 1,445,702
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,475,062 1,445,702
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 1,475,062
2 Enter amount from Part I, line 27a...................... 2 -29,360
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,445,702
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 1,445,702
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 197 SHS - VANGUARD CNSMR DSCRTNARY: VCR P 2009-06-24 2010-02-24
b 200 SHS - VANGUARD CNSMR DSCRTNARY: VCR P 2009-06-24 2010-02-24
c 23 SHS - VANGUARD CNSMR DSCRTNARY: VCR P 2009-06-24 2010-02-24
d 56 SHS - L-3 COMMUNICATIONS HLDGS P 2005-06-03 2010-02-24
e 90 SHS - UNITED TECHNOLOGIES CORP P 2003-11-26 2010-02-24
281 SHS - VANGUARD SMALL CAP: VB P 2008-12-19 2010-05-25
100 SHS - VANGUARD SMALL CAP: VB P 2008-12-20 2010-05-25
100 SHS - VANGUARD SMALL CAP: VB P 2008-12-21 2010-05-25
1454.545 SHS - VANGUARD GNMA FUND: VFIIX P 2008-09-11 2010-09-23
300 SHS - KELLOGG COMPANY P 2003-11-07 2010-11-07
185 SHS - ISHARES TR LEHMAN TIPS - TIP P 2008-02-21 2010-02-21
75000 SHS - GOLDMAN SACHS P 2008-12-24 2010-12-27
159 SHS - ALLIANZ SE ADR P 2009-03-17 2010-01-14
17 SHS - FANUC LTD: FANUY P 2009-06-03 2010-01-21
130 SHS - BANCO BILBAO ARGEN: BBV P 2009-09-29 2010-01-28
48 SHS - BANCO BILBAO ARGEN: BBV P 2009-10-06 2010-01-28
41 SHS - BANCO BILBAO ARGEN: BBV P 2009-10-12 2010-01-28
209 SHS - SOCIETE GENRALE SPN ADRF P 2009-10-22 2010-02-19
63 SHS - SOCIETE GENRALE SPN ADRF P 2009-11-10 2010-02-19
43 SHS - MERCK & CO INC P 2009-02-25 2010-02-23
18 SHS - BNP PARIBAS: BNPQY P 2009-11-05 2010-03-16
129 SHS - ESPRIT HLDGS NEW ADR: ESPGY P 2009-10-15 2010-04-01
4 SHS - BNP PARIBAS: BNPQY P 2009-11-05 2010-04-07
27 SHS - SABMILLER PLC ADRF : SBMRY P 2010-04-21 2010-07-23
25 SHS - SABMILLER PLC ADRF : SBMRY P 2010-04-21 2010-07-26
12 SHS - BHP BILLITON: BHP P 2010-04-23 2010-08-20
8 SHS - POTASH CORP: POT P 2010-07-08 2010-08-20
251 SHS - NOMURA HOLDINGS NEW ADRF P 2009-12-04 2010-08-30
0.579 SHS - ESPRIT HLDGS NEW ADR: ESPGY P 2009-10-15 2010-09-13
94 SHS - ESPRIT HLDGS NEW ADR: ESPGY P 2010-05-14 2010-09-13
67 SHS - NOMURA HOLDINGS NEW ADRF P 2009-12-04 2010-09-24
188 SHS - NOMURA HOLDINGS NEW ADRF P 2010-02-02 2010-09-24
6 SHS - ROGERS COMMUN INC: RCI P 2009-11-05 2010-11-01
18 SHS - ROGERS COMMUN INC: RCI P 2010-03-01 2010-11-01
18 SHS - ROGERS COMMUN INC: RCI P 2010-05-05 2010-11-01
63 SHS - C R H PLC SPONSORED ADRF P 2009-11-18 2010-11-18
30 SHS - C R H PLC SPONSORED ADRF P 2010-02-04 2010-11-18
26 SHS - C R H PLC SPONSORED ADRF P 2010-04-21 2010-11-18
175 SHS - BANCO SANTANER SA ADR F P 2010-05-13 2010-12-02
86 SHS - BANCO SANTANER SA ADR F P 2010-05-26 2010-12-02
51 SHS - ESPRIT HLDGS NEW ADR: ESPGY P 2010-06-17 2010-12-07
32 SHS - ALLIANZ SE ADR P 2008-11-07 2010-01-14
22 SHS - BARCLAYS BANK PLC ADR F P 2009-03-27 2010-08-13
54 SHS - BARCLAYS BANK PLC ADR F P 2009-04-27 2010-08-13
124 SHS - BARCLAYS BANK PLC ADR F P 2009-03-27 2010-09-23
33 SHS - BARRICK GOLD CORP: ABX P 2009-02-05 2010-06-17
29 SHS - BARRICK GOLD CORP: ABX P 2009-02-18 2010-06-17
15 SHS - BNP PARIBAS: BNPQY P 2009-03-17 2010-04-07
39 SHS - BP PLC ADR P 2004-02-18 2010-05-04
42 SHS - BP PLC ADR P 2004-02-18 2010-05-05
1 SHS - BR AMER TOBACCO PLC ADRF P 2007-02-02 2010-10-28
21 SHS - BR AMER TOBACCO PLC ADRF P 2008-08-08 2010-10-28
25 SHS - CANON INC SPONSORED ADRF P 2008-04-21 2010-01-13
15 SHS - CANON INC SPONSORED ADRF P 2008-11-05 2010-01-13
8 SHS - CREDIT SUISSE GRP ADR F P 2009-04-23 2010-09-29
9 SHS - CREDIT SUISSE GRP ADR F P 2009-05-08 2010-09-29
44 SHS - CREDIT SUISSE GRP ADR F P 2009-04-23 2010-10-29
18 SHS - CREDIT SUISSE GRP ADR F P 2009-04-23 2010-10-31
2.421 SHS - ESPRIT HLDGS NEW ADR: ESPGY P 2009-05-05 2010-09-13
98 SHS - ESPRIT HLDGS NEW ADR: ESPGY P 2009-05-05 2010-12-07
16 SHS - HEINEKEN N V ADR P 2004-02-24 2010-05-17
56 SHS - HEINEKEN N V ADR P 2009-03-17 2010-05-17
3 SHS - IMPERIAL TOB GP PLC ADRF P 2008-06-30 2010-03-25
12 SHS - IMPERIAL TOB GP PLC ADRF P 2008-08-01 2010-03-25
13 SHS - IMPERIAL TOB GP PLC ADRF P 2005-09-07 2010-07-14
1 SHS - IMPERIAL TOB GP PLC ADRF P 2008-08-01 2010-08-03
10 SHS - IMPERIAL TOB GP PLC ADRF P 2008-09-29 2010-08-03
44 SHS - LVMH MOET: LVMUY P 2009-04-24 2010-07-30
43 SHS - NOKIA CORP SPON ADR P 2009-03-17 2010-04-22
60 SHS - NOKIA CORP SPON ADR P 2009-03-23 2010-04-22
16 SHS - NOVO-NORDISK: NVO P 2009-04-20 2010-07-07
81 SHS - PRUDENTIAL CORP PLC P 2007-12-31 2010-01-29
61 SHS - PRUDENTIAL CORP PLC P 2008-10-17 2010-01-29
5 SHS - PRUDENTIAL CORP PLC P 2008-10-17 2010-03-01
51 SHS - PRUDENTIAL CORP PLC P 2008-11-12 2010-03-01
64 SHS - ROCHE HLDG LTD SPON ADRF P 2007-07-05 2010-11-15
20 SHS - ROCHE HLDG LTD SPON ADRF P 2007-09-17 2010-11-15
12 SHS - ROCHE HLDG LTD SPON ADRF P 2009-02-27 2010-11-15
44 SHS - TESCO PLC SPONSORED ADRF P 2004-02-24 2010-07-07
33 SHS - TESCO PLC SPONSORED ADRF P 2004-02-24 2010-07-08
30 SHS - TESCO PLC SPONSORED ADRF P 2008-10-16 2010-07-08
57 SHS - TESCO PLC SPONSORED ADRF P 2008-11-05 2010-07-08
72 SHS - VODAPHONE GROUP NEW ADR F P 2004-02-18 2010-05-03
35 SHS - VODAPHONE GROUP NEW ADR F P 2008-07-03 2010-05-03
1 SHS - VODAPHONE GROUP NEW ADR F P 2008-07-03 2010-05-17
47 SHS - VODAPHONE GROUP NEW ADR F P 2008-08-01 2010-05-17
19 SHS - VODAPHONE GROUP NEW ADR F P 2008-09-30 2010-05-17
46 SHS - ZURICH FINL SVCS ADR F P 2005-12-20 2010-07-28
31 SHS - ZURICH FINL SVCS ADR F P 2005-12-20 2010-08-06
11 SHS - ZURICH FINL SVCS ADR F P 2005-12-20 2010-08-24
86 SHS - ZURICH FINL SVCS ADR F P 2009-03-17 2010-08-24
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 9,441   6,956 2,485
b 9,584   7,061 2,523
c 1,102   812 290
d 5,099   4,060 1,039
e 6,163   3,871 2,292
16,837   11,428 5,409
5,992   4,067 1,925
5,992   4,067 1,925
16,044   15,227 817
15,141   10,479 4,662
20,285   19,756 529
75,000   75,000 0
1,971   1,254 717
800   703 97
2,032   2,334 -302
750   853 -103
641   747 -106
2,188   2,992 -804
659   927 -268
1,139   1,115 24
702   671 31
2,018   1,801 217
150   149 1
772   833 -61
716   772 -56
846   951 -105
1,122   683 439
1,429   1,991 -562
6   8 -2
964   1,273 -309
331   531 -200
930   1,466 -536
217   180 37
652   607 45
652   641 11
1,149   1,639 -490
547   738 -191
474   721 -247
1,721   2,111 -390
846   907 -61
502   598 -96
397   286 111
461   211 250
1,131   755 376
2,376   1,191 1,185
1,394   1,275 119
1,225   1,103 122
564   308 256
2,094   1,882 212
2,185   2,027 158
77   61 16
1,611   1,572 39
1,060   1,219 -159
636   510 126
347   299 48
390   370 20
1,807   1,643 164
797   672 125
25   31 -6
964   1,238 -274
347   265 82
1,214   779 435
183   226 -43
731   862 -131
735   933 -198
58   72 -14
576   683 -107
1,068   750 318
546   487 59
762   696 66
1,297   715 582
1,509   2,326 -817
1,136   967 169
79   79 0
809   615 194
2,352   2,943 -591
735   882 -147
441   342 99
745   646 99
571   485 86
519   534 -15
986   937 49
1,554   2,148 -594
756   1,038 -282
20   30 -10
952   1,233 -281
385   447 -62
1,043   965 78
733   650 83
247   231 16
1,931   1,114 817
2,356     2,356
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       2,485
b       2,523
c       290
d       1,039
e       2,292
      5,409
      1,925
      1,925
      817
      4,662
      529
      0
      717
      97
      -302
      -103
      -106
      -804
      -268
      24
      31
      217
      1
      -61
      -56
      -105
      439
      -562
      -2
      -309
      -200
      -536
      37
      45
      11
      -490
      -191
      -247
      -390
      -61
      -96
      111
      250
      376
      1,185
      119
      122
      256
      212
      158
      16
      39
      -159
      126
      48
      20
      164
      125
      -6
      -274
      82
      435
      -43
      -131
      -198
      -14
      -107
      318
      59
      66
      582
      -817
      169
      0
      194
      -591
      -147
      99
      99
      86
      -15
      49
      -594
      -282
      -10
      -281
      -62
      78
      83
      16
      817
      2,356
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 25,810
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 2,028
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 35,512 1,453,113 0.024439
2008 108,648 1,711,288 0.063489
2007 119,081 1,970,355 0.060436
2006 97,632 1,871,500 0.052168
2005 101,342 1,819,923 0.055685
2 Total of line 1, column (d) ...................... 2 0.256217
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 0.051243
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 1,607,470
5 Multiply line 4 by line 3....................... 5 82,372
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 522
7 Add lines 5 and 6......................... 7 82,894
8 Enter qualifying distributions from Part XII, line 4.............. 8 80,848
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 1,043
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 1,043
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 1,043
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 680
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,180
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 4
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 10 133
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet133 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)bulletWA
    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
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SEWELLFUND.ORG
    14
    The books are in care ofbulletMARTHA OIEN Telephone no.bullet (425) 392-5520
    Located atbulletPO BOX 685ISSAQUAHWA ZIP+4bullet980270025
    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
    MARTHA OIEN PRESIDENT/DIRECTOR
    20.00     		1,039 0 0
    PO BOX 685
    ISSAQUAH,WA98027
    MARTHA OIEN TREASURER/DIRECTOR
    1.00     		0 0 0
    PO BOX 685
    ISSAQUAH,WA98027
    TERRY ANN JANKOWSKI SECRETARY/DIRECTOR
    1.00     		0 0 0
    4616 NE 201ST PL
    LAKE FOREST PARK,WA98155
    LOIS BAUER VICE PRESIDENT/DIRECTOR
    1.00     		506 0 0
    PO BOX 1254
    FALL CITY,WA98024
    STEPHANIE NORMANN DIRECTOR
    1.00     		0 0 0
    3815 SUN VALLEY
    HOUSTON,TX770254138
    EILEEN ABELS PHD DIRECTOR
    1.00     		0 0 0
    303 SURGEON GENERALS COURT
    PHILADELPHIA,PA19146
    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 PROVIDED STIPENDS TO PROFESSIONAL LIBRARIANS TO ATTEND THE ANNUAL MEETING OF AACP (AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY), APHA (AMERICAN PUBLIC HEALTH ASSOCIATION, AND THE MEDICAL LIBRARY ASSOCIATION) 23,000
    2 PROVIDED FUNDING FOR SABBATICAL LEAVES FOR LIBRARIANS (INCLUDING INFORMATION SCIENTISTS) TO SPEND SIX MONTHS TO A YEAR IN THE ENVIRONMENT OF THEIR CLIENTS. 50,000
    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
    1,566,106
    b
    Average of monthly cash balances.......................
    1b
    65,843
    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
    1,631,949
    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
    1,631,949
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    24,479
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,607,470
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    80,374
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
     
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
     
    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
    80,848
    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
    80,848
    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
    80,848
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$  
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
    2003-03-26
    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
    42,052 45,384 64,870 65,580 217,886
    b 85% of line 2a ......... 35,744 38,576 55,140 55,743 185,203
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		80,848 35,512 109,109 120,077 345,546
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		80,848 35,512 109,109 120,077 345,546
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		53,583 48,437 57,043 65,679 224,742
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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:
    MARTHA OIEN
    PO BOX 685
    ISSAQUAH,WA980270025
    (425) 392-5520
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM AVAILABLE FROM DR. SEWELL, 250 WORD ESSAY REQUIRED WHICH ADDRESSES THE APPROPRIATE CRITERIA FOR THE REQUESTED STIPEND.
    cAny submission deadlines:
    VARIES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STIPENDS LIMITED TO LIBRARIANS AND INFORMATION SPECIALISTS TO ATTEND THE NATIONAL PROFESSIONAL MEETINGS OF THEIR CLIENTS.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY
    1727 KING STREET
    ALEXANDRIA,VA22314     		NONE PUBLIC CHARITY 501(C STIPEND TO ATTEND ANNUAL PROF ASSN MTG 10,000
    AMERICAN PUBLIC HEALTH ASSOCIATION
    8001 I STREET NW
    WASHINGTON,DC20001     		NONE PUBLIC CHARITY 501(C STIPEND TO ATTEND ANNUAL PROF ASSN MTG 3,000
    MEDICAL LIBRARY ASSOCIATION
    65 EAST WACKER PL SUITE 1900
    CHICAGO,IL60601     		NONE PUBLIC CHARITY 501(C STIPEND TO ATTEND ANNUAL PROF ASSN MTG 10,000
    PUBLIC HEALTH FOUNDATION
    1300 L STREET NW SUITE 800
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY 501(C SABBATICAL PROGRAMS 25,000
    JACQUELINE D PEERY
    332 W COMMERCE
    SAN ANTONIO,TX78205     		NONE INDIVIDUAL SABBATICAL PROGRAMS 25,000
    Total .................................bullet 3a 73,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 40,024  
    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 25,810  
    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 65,834 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    1365,834
    (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:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,900 1,475 0 4,425

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PIMCO TOTAL RETURN FUND - PTTDX 87,998 87,261
    T ROWE PRICE INTL - RPIBX 35,000 33,325
    VANGUARD GNMA FUND: VFIIX 18,161 18,611
    VANGUARD S/T FUND: VFSTX 115,000 117,752
    VANGUARD SHORT TERM BOND FUND: VBISX 117,032 117,244
    GMAC BANK 2.4% DUE 03/28/11 70,000 70,308

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADAMS EXPRESS CO 0 0
    ALLIANZ SE ADR 0 0
    ANHEUSER BUSCH: AHBIY 4,165 5,252
    APPLE COMPUTER INC 0 0
    ASSA ABLOY : ASAZY 2,901 4,454
    BAE SYSTEMS PLC ADR F 3,794 2,563
    BANCO BILBAO ARGEN: BBV 0 0
    BANK OF AMERICA CORP 0 0
    BARCLAYS BANK PLC ADR F 0 0
    BARRICK GOLD CORP: ABX 0 0
    BECTON DICKINSON & CO 0 0
    BG GROUP: BRGYY 3,288 3,247
    BHP BILLITON: BHP 3,199 5,018
    BNP PARIBAS: BNPQY 2,624 3,289
    BP PLC ADR 0 0
    BP PLC ADR 0 0
    BR AMER TOBACCO PLC ADRF 3,718 4,740
    C R H PLC SPONSORED ADRF 0 0
    CANON INC SPONSORED ADRF 3,716 5,904
    CHEVRON CORPORATION 0 0
    CREDIT SUISSE GRP ADR F 0 0
    DAITO TR CONSTR CO: DITFY 1,820 2,125
    DANONE SPON ADR: DANOY 3,488 3,696
    ENI S P A SPON ADR F 1,897 2,099
    ESPRIT HLDGS NEW ADR: ESPGY 0 0
    EXXON MOBIL CORPORATION 0 0
    FANUC LTD: FANUY 3,150 4,930
    GABELLI SMALL CAP GROWTH: GABSX 0 0
    GLAXOSMITHKLINE PLC ADRF 5,583 5,452
    HEINEKEN N V ADR 0 0
    HEWLETT-PACKARD COMPANY 0 0
    HONDA MOTOR CO: HMC 3,771 4,582
    HOYA CORPORATION ADR F 2,941 3,039
    HSBC HLDGS PLC ADR NEW F 4,575 5,155
    IMPERIAL TOB GP PLC ADRF 2,247 2,908
    ISHARES HLTH CARE PRVDRS: IHF 0 0
    ING GROEP N V ADR : ING 3,366 2,465
    JPMORGAN CHASE & CO 0 0
    KELLOGG COMPANY 0 0
    L-3 COMMUNICATIONS HLDGS 0 0
    LLOYDS BANKING 4,165 3,230
    LVMH MOET: LVMUY 1,165 2,510
    MERCK & CO INC 0 0
    MICROSOFT CORP 0 0
    MITSUBISHI ESTATE: MITEY 2,003 2,414
    NESTLE S A REG B ADR F 1,503 3,172
    NIDEC CORP: NJ 1,721 1,864
    NOKIA CORP SPON ADR 0 0
    NOMURA HOLDINGS NEW ADRF 0 0
    NOVARTIS A G SPON ADR F 4,585 5,541
    NOVO-NORDISK: NVO 1,118 2,814
    POTASH CORP: POT 2,053 2,942
    POWERSHS EXCH TRAD : PRF 0 0
    PROCTER & GAMBLE 0 0
    PRUDENTIAL CORP PLC 2,877 4,339
    ROCHE HLDG LTD SPON ADRF 0 0
    ROGERS COMMUN INC: RCI 1,353 1,558
    ROYAL DUTCH SHELL A ADRF 4,811 5,209
    S A P AG ADR: SAP 3,941 4,150
    SAMPO OYJ ADR: SAXPY 2,735 2,959
    SANOFI AVENTIS ADR F 5,455 5,544
    SECTOR SPDR UTIL SELECT SHARES OF BENEFICIAL INT 0 0
    SINGAPORE TLCM ADR NEW F 1,959 2,667
    SOCIETE GENRALE SPN ADRF 0 0
    SUMITOMO SITSUI FIN ADRF 5,985 4,607
    SUN HUNG DAI : SUHJY 1,937 2,325
    TECHNIP ADR: TKPPY 3,192 3,615
    TELSTRA LTD SPON ADR: TLSYY 1,856 1,945
    TESCO PLC SPONSORED ADRF 0 0
    TOTAL S A ADR F 2,782 3,316
    TULLOW OIL: TUWOY 2,497 2,547
    UBS AG NEW 4,162 3,689
    UNILEVER PLC ADR NEW F 3,142 4,045
    UNITED TECHNOLOGIES CORP 0 0
    VANGUARD CNSMR DSCRTNARY: VCR 0 0
    VANGUARD EMERGING MARKETS: VWO 0 0
    VANGUARD FINANCIALS: VFH 0 0
    VANGUARD INTL EQTY INDEX: VEU 0 0
    VANGUARD LARGE CAP: VV 0 0
    VANGUARD MATERIALS: VAW 0 0
    VANGUARD SMALL CAP: VB 0 0
    VODAPHONE GROUP NEW ADR F 1,617 1,904
    WM MORRISN SUPERMKT: MRWSY 3,785 3,456
    XSTRATA PLC: XSRAY 3,198 4,474
    YAHOO JAPAN: YAHOY 3,041 3,233
    ZURICH FINL SVCS ADR F 0 0
    ADAMS EXPRESS CO 23,372 21,201
    APPLE COMPUTER INC 7,074 32,256
    BANK OF AMERICA CORP 13,498 6,670
    BECTON DICKINSON & CO 27,504 33,808
    BP PLC ADR 21,020 22,085
    CHEVRON CORPORATION 22,852 45,625
    EXXON MOBIL CORPORATION 7,871 15,648
    HEWLETT-PACKARD COMPANY 11,640 25,260
    JPMORGAN CHASE & CO 17,095 21,210
    KRAFT FOODS INC: KFT 20,053 19,946
    L-3 COMMUNICATIONS HLDGS 16,385 15,931
    MICROSOFT CORP 56,380 55,820
    PROCTER & GAMBLE 18,585 19,299
    TARGET CORPORATION: TGT 7,392 8,298
    TEVA PHARM INDS LTD ADRF: TEVA 9,898 9,384
    UNITED TECHNOLOGIES CORP 13,332 24,403
    GABELLI SMALL CAP GROWTH: GABSX 41,826 45,726
    POWERSHS EXCH TRAD : PRF 44,848 67,140
    SECTOR SPDR UTIL SELECT SHARES OF BENEFICIAL INT 20,339 15,670
    SPDR S&P DIVIDENT ETF: SDY 9,958 10,448
    VANGUARD CNSMR DSCRTNARY: VCR 9,885 16,931
    VANGUARD EMERGING MARKETS: VWO 29,806 29,610
    VANGUARD FINANCIALS: VFH 24,716 27,948
    VANGUARD INTL EQTY INDEX: VEU 29,903 44,627
    VANGUARD LARGE CAP: VV 114,669 164,765
    VANGUARD MATERIALS: VAW 18,860 16,520
    VANGUARD MID CAP: VO 13,910 17,126

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    US Government Securities - End of Year Book Value:

    58,577
    US Government Securities - End of Year Fair Market Value:

    59,062
    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:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DIVIDENDS PAID NOT YET RECIEVED AT COST 103 103
    ISHARES HLTH CARE PRVDRS: IHF AT COST 19,686 21,548
    VANGUARD SMALL CAP: VB AT COST 35,535 63,479

    TY 2010 LegalFeesSchedule
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 913 228 0 685


    TY 2010 OtherExpensesSchedule
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 109 109 0 0
    INSURANCE 1,158 0 0 1,158


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 11,303 11,303 0 0


    TY 2010 TaxesSchedule
    Name:
    GRACE AND HAROLD SEWELL MEMORIAL FUND
    EIN: 20-0614721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 551 551 0 0
    STATE LICENSE 35 0 0 35
    FEDERAL EXCISE TAXES 680 0 0 0