TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
ELLIOTSVILLE PLANTATION INC
C/O JAMES W SEWALL COMPANY

Number and street (or P.O. box number if mail is not delivered to street address)136 CENTER STREET PO BOX 433 Room/suite

City or town, state, and ZIP code
OLD TOWN, ME044680433

A Employer identification number

13-4223002

B Telephone number (see page 10 of the instructions)

(207) 827-4456

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$129,994,579J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	1,188,695		1,188,695	1,188,695
4	Dividends and interest from securities......	727,767		727,767	727,767
5a	Gross rents..............	1,072		1,072	1,072
b	Net rental income or (loss) 1,072
6a	Net gain or (loss) from sale of assets not on line 10		1,137,299
b	Gross sales price for all assets on line 6a 16,981,771
7	Capital gain net income (from Part IV, line 2)...			1,137,299
8	Net short-term capital gain.........				290,400
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........	3,054,833		3,054,833	2,207,934
13	Compensation of officers, directors, trustees, etc.	53,731		0	0	53,731
14	Other employee salaries and wages......	133,009		0	0	133,009
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		5,403	0	0	5,403
b	Accounting fees (attach schedule).......		19,980	0	0	19,980
c	Other professional fees (attach schedule)....		763,958	228,427	228,427	535,531
17	Interest...............	1,210		1,210	1,210	0
18	Taxes (attach schedule) (see page 14 of the instructions)		265,446	19,515	19,515	245,931
19	Depreciation (attach schedule) and depletion...		679	0	2,225
20	Occupancy..............
21	Travel, conferences, and meetings.......	17,883		0	0	17,883
22	Printing and publications..........
23	Other expenses (attach schedule).......		336,053	68,859	68,859	263,525
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,597,352		318,011	320,236	1,274,993
25	Contributions, gifts, grants paid........	52,300				52,300
26	Total expenses and disbursements. Add lines 24 and 25	1,649,652		318,011	320,236	1,327,293
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,405,181
b	Net investment income (if negative, enter -0-)			2,736,822
c	Adjusted net income (if negative, enter -0-)...				1,887,698

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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	32,896	3,256,533	3,256,533
	2	Savings and temporary cash investments..........	18,164,140	5,500,329	5,500,329
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	4,875,078	5,294,163	5,319,987
	b	Investments—corporate stock (attach schedule)........	7,369,053	9,977,077	11,546,357
	c	Investments—corporate bonds (attach schedule)........	38,135,125	38,359,320	39,206,442
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	7,797,364	8,187,470	8,623,847
	14	Land, buildings, and equipment: basis 56,556,062
		Less: accumulated depreciation (attach schedule) 14,978	49,337,139	56,541,084	56,541,084
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	125,710,795	127,115,976	129,994,579
	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 )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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	125,710,795	127,115,976
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	125,710,795	127,115,976
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	125,710,795	127,115,976

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	125,710,795
2	Enter amount from Part I, line 27a......................	2	1,405,181
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	127,115,976
5	Decreases not included in line 2 (itemize)	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	127,115,976

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
1 a	GMS INTL EQUITY PORTFOLIO K-1	P
b	GMS INTL EQUITY PORTFOLIO K-1	P
c	GS CAPITAL PARTNERS V K-1	P
d	GS CAPITAL PARTNERS V K-1	P
e	PUBLICLY TRADED SECURITIES	P
	PUBLICLY TRADED SECURITIES	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	41,744		41,744
b	259,574		259,574
c	7,325		7,325
d	164,447		164,447
e	8,996,670	8,748,014	248,656
	7,512,011	7,096,458	415,553

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			41,744
b			259,574
c			7,325
d			164,447
e			248,656
			415,553

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,137,299
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 . . . . . . . . . . . . .		3	290,400

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? Yes No

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	2,818,406	74,157,755	0.038006
2008	1,751,063	74,194,238	0.023601
2007	12,301,263	48,531,213	0.253471
2006	11,946,345	46,483,922	0.257000
2005	1,756,756	48,467,996	0.036246

2	Total of line 1, column (d) ......................	2	0.608324
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	0.121665
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	71,665,172
5	Multiply line 4 by line 3.......................	5	8,719,143
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	27,368
7	Add lines 5 and 6.........................	7	8,746,511
8	Enter qualifying distributions from Part XII, line 4..............	8	8,374,369
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	54,736
	hereand 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	54,736
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	54,736
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	47,829
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	31,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	78,829
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	24,093
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax24,093	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Yes

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.KEEPMEBEAUTIFUL.ORG

The books are in care of bullet

DANIEL P DOIRON CPA Telephone no. bullet

(207) 772-1981

Located at bullet

130 MIDDLE STREETPORTLANDME ZIP+4 bullet

04101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
ROXANNE QUIMBY	PRESIDENT & DIRECTOR 32.00	0	0	0
C/O ARB PO BOX 445 PORTLAND,ME04112	PRESIDENT & DIRECTOR 32.00	0	0	0
HANNAH QUIMBY	DIRECTOR & SECRETARY 32.00	53,731	0	0
C/O ARB PO BOX 445 PORTLAND,ME04112	DIRECTOR & SECRETARY 32.00	53,731	0	0
LUCAS ST CLAIR	DIRECTOR 0.00	0	0	0
C/O ARB PO BOX 445 PORTLAND,ME04112	DIRECTOR 0.00	0	0	0

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
PATRICK GILGALLON	PROJECT COORDINATOR 40.00	58,065	0	0
113 VAUGHAN STREET APT 3 PORTLAND,ME04102	PROJECT COORDINATOR 40.00	58,065	0	0








Total number of other employees paid over $50,000...................				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
JAMES W SEWALL COMPANY	LAND MANAGEMENT SERVICES	439,990
136 CENTER STREET PO BOX 433 OLD TOWN,ME044680433	LAND MANAGEMENT SERVICES	439,990
GOLDMAN SACHS	INVESTMENT MNGMT & ADVICE	228,427
125 HIGH STREET 17TH FLOOR BOSTON,MA021102704	INVESTMENT MNGMT & ADVICE	228,427

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	THE PURCHASE OF LAND LOCATED IN T6R9, T7R9 & BARNARD MAINE (8,034 ACRES). THE PURCHASE WAS MADE FOR CONSERVATION, HABITAT PRESERVATION, ENVIRONMENTAL RESEARCH, AND EDUCATIONAL PURPOSES.	3,972,878
2	THE PURCHASE OF LAND LOCATED IN COLORADO. THE PURCHASE WAS MADE FOR CONSERVATION, HABITAT PRESERVATION, ENVIRONMENTAL RESEARCH, AND EDUCATIONAL PURPOSES.	2,128,570
3	THE PURCHASE OF LAND LOCATED IN WILLIAMSBURG & ELLIOTSVILLE TOWNSHIP MAINE (1,108 ACRES). THE PURCHASE WAS MADE FOR CONSERVATION, HABITAT PRESERVATION, ENVIRONMENTAL RESEARCH, AND EDUCATIONAL PURPOSES.	547,936
4	QUIMBY COLONY ARTIST IN RESIDENCE PROGRAM EXPENDITURES. THE PROGRAM CONSISTED OF A FASHION, COSTUME, AND TEXTILE ARTS RESIDENCY PROGRAM DURING WHICH PARTICIPANTS MET OTHER ARTISTS, ENGAGED IN CREATIVE DISCOURSE, AND DEVELOPED COLLABORATIVE APPROACHES FOR FUTURE WORK. THE PROGRAM ALSO CONSISTED OF A CULINARY ARTS RESIDENCY PROGRAM DURING WHICH PARTICIPANTS PAUSED FROM THE HARRIED PACE OF A COMMERCIAL KITCHEN IN ORDER TO BE INSPIRED TO EXPLORE NEW DIRECTIONS FOR THEIR CULINARY REPERTOIRE.	296,472

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

63,486,605

Average of monthly cash balances.......................

9,269,915

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

72,756,520

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

72,756,520

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

1,091,348

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

71,665,172

Minimum investment return. Enter 5% of line 5...................

3,583,259

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2010 from Part VI, line 5......

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,327,293

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

7,047,076

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

8,374,369

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

8,374,369

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)

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: $
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)

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

2004-11-19

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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	(e) Total
	1,887,698	1,627,725	2,225,947	2,009,431	7,750,801
b 85% of line 2a .........	1,604,543	1,383,566	1,892,055	1,708,016	6,588,181
c Qualifying distributions from Part XII, line 4 for each year listed .....	8,374,369	2,818,406	1,751,063	12,811,351	25,755,189
d Amounts included in line 2c not used directly for active conduct of exempt activities ....	52,300	113,225	210,400	130,000	505,925
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	8,322,069	2,705,181	1,540,663	12,681,351	25,249,264
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...	2,388,839	2,471,925	2,473,141	1,617,707	8,951,612
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).)

ROXANNE QUIMBY

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
GREATER PORTLAND LANDMARKS 93 HIGH STREET PORTLAND,ME04101	N/A	PUBLIC	OPERATING SUPPORT	52,000
ORGANIC TRADE ASSOCIATION 28 VERNON STREET SUITE 413 BRATTLEBORO,VT05301	N/A	PUBLIC	OPERATING SUPPORT	300
Total ................................. 3a				52,300

bApproved for future payment

Total .................................. 3b				0

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	1,188,695
4 Dividends and interest from securities....			14	727,767
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	1,072
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	1,137,299
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		3,054,833	0

13Total. Add line 12, columns (b), (d), and (e)...................

133,054,833

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2010 AccountingFeesSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING SERVICES & TAX PREPARATION	19,980	0	0	19,980

- TIN:

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

TY 2010 DepreciationSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
LAND - BIG BENSON POND	2002-12-23	760,005		L		0	0
LAND - BIG GREENWOOD POND	2002-12-07	186,179		L		0	0
LAND - BIG WILSON PRESERVE	2002-12-23	590,000		L		0	0
LAND - BODFISH FARM ROAD #1	2002-12-07	20,900		L		0	0
LAND - BODFISH FARM ROAD #2	2002-12-07	23,000		L		0	0
LAND - DOUGHTY HILL	2002-12-07	39,000		L		0	0
LAND - GREENWOOD MOUNTAIN	2002-12-07	40,000		L		0	0
LAND - LITTLE GREENWOOD POND PRESERVE	2002-12-23	400,000		L		0	0
LAND - MOUNT KINEO PRESERVE	2002-12-23	415,000		L		0	0
LAND - PEPPERMINT BROOK PRESERVE	2002-12-23	48,000		L		0	0
LAND - SEVEN PONDS PRESERVE	2002-12-07	2,400,000		L		0	0
LAND - SZABO PROPERTY	2002-12-07	38,900		L		0	0
LAND - T3R8 & T4R8	2003-11-24	12,164,436		L		0	0
LAND - TOWNSHIP 3, RANGE 7	2003-12-03	4,120,261		L		0	0
LAND - WAKEMAN GATE	2002-12-07	300,000		L		0	0
LAND - 1 GREENVILLE RD, MONSON	2003-03-18	56,016		L		0	0
LAND - 3 GREENVILLE RD, MONSON	2003-01-14	32,216		L		0	0
LAND - 5 GREENVILLE RD, MONSON	2003-01-10	33,721		L		0	0
LAND - 4 WATER ST, MONSON	2003-05-15	89,766		L		0	0
LAND - SCHOODIC PENNINSULA	2006-07-01	844,222		L		0	0
FURNITURE	2004-12-05	15,573	6,512	200DB	7.000000000000	679	2,225
LAND - SEAL COVE RD, SOUTHWEST HARBOR	2005-11-15	482,776		L		0	0
LAND - OTTER CLIFF RD, BAR HARBOR	2005-10-26	754,286		L		0	0
LAND- OTTER CLIFF ROAD	2006-04-18	422,544		L		0	0
LAND- EASEMENT CARANTUNK FALLS	2006-06-29	51,522		L		0	0
LAND- MOUNT DESERT ISLAND	2006-07-01	46,934		L		0	0
LAND- T2R8 AND T3R8	2006-09-01	10,024,044		L		0	0
LAND- MAP 223 LOT 17	2006-09-29	30,984		L		0	0
LAND- BLACK DOG ROAD PROPERTY	2006-12-31	117,116		L		0	0
LAND- MAP 21 LOT 16	2006-07-15	30,884		L		0	0
LAND- T4R7 AND T4R8, PENOBSCOT COUNTY	2007-04-23	3,557,793		L		0	0
LAND- T3R7 W.E.L.S., PENOBSCOT COUNTY	2007-08-01	2,464,470		L		0	0
LAND- T3R8 AND T4R8, PENOBSCOT COUNTY	2007-11-30	6,102,442		L		0	0
COLLECTIBLES	2002-12-15	110,057		L		0	0
MAP 14 LOT 8, TREMONT, ME	2008-01-01	101,488		L		0	0
MAP 22 LOT 12 LONG POND SW HARBOR, ME	2008-08-15	428,978		L		0	0
660 CONGRESS ST	2009-05-29	511,668		L		0	0
LAND- T4R8 W.E.L.S	2009-02-10	297,180		L		0	0
LAND- MDI ROUND POND	2009-12-30	1,026,625		L		0	0
LAND- T6R9 & T7R9	2010-12-31	275,000		L		0	0
LAND- MONTROSE COLORADO	2010-05-28	2,128,570		L		0	0
LAND- HULLS COVE	2010-07-08	71,139		L		0	0
LAND- TREMONT MAP 3 LOT 16	2010-07-20	381,553		L		0	0
LAND- WILLIAMSBURG & ELLIOTSVILLE TWNSP (1108 ACRES)	2010-01-02	547,936		L		0	0
LAND- T6R9 & T7R9 & BARNARD (8034 ACRES)	2010-01-02	3,972,878		L		0	0

- TIN:

TY 2010 InvestmentsCorpBondsSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ASIA MTN 3.625% 09/05/2013 MS SER 463-00-1 SR LIEN	589,435	591,690
AVON PRODUCTS INC 5.125% 01/15/2011 M-W+15.00BP	104,160	102,485
BANK OF AMERICA CORPORATION 2.1% 04/30/2012	359,065	358,491
BANK OF AMERICA CORPORATION 2.375% 06/22/2012 SR LIEN	515,635	513,202
BLACKROCK, INC. 5.0% 12/10/2019 M-W+25.00BP	149,520	157,071
BOTTLING GROUP, LLC 5.5% 04/01/2016 SR LIEN M-W+15.00BP	106,130	115,335
CAISSE D'AMORTISSEMENT DE LA D 5.375% 07/17/2012 SR LIEN	545,000	546,268
CAISSE D'AMORTISSEMENT DE LA D 5.375% 07/17/2012 SR LIEN	546,325	546,268
CAMPBELL SOUP COMPANY 5.000000 12/03/2012	106,500	108,235
CISCO SYSTEMS, INC. 5.5% 02/22/2016 M-W+20.00BP	107,190	116,082
CITIGROUP FUNDING INC. 2.125% 07/12/2012	360,115	361,433
CME GROUP INC. 5.75% 02/15/2014 M-W+50.00BP	165,570	169,346
COCA-COLA COMPANY (THE) 3.15% 11/15/2020 SR LIEN M-W+10.00BP	138,435	141,347
COUNCIL OF EUROPE DEVELOPMENT 3.375% 09/15/2011	518,350	515,247
COUNCIL OF EUROPE DEVELOPMENT 4.25% 04/22/2013 USD	528,913	548,489
EIB 5.125% 05/30/2017 MN SR LIEN	797,468	849,593
EIB 5.25% 06/15/2011 JD SR LIEN	536,950	511,837
ELECTRONIC DATA SYSTEMS CORP 06/30/03 07/31/04 6% 08/01/201 6.0% TO 8/1/04,	105,600	113,964
FFCB 1.75% 02/21/2013 FA	551,045	563,799
FFCB 3.5% 10/03/2011 AO	525,075	515,903
FFCB 4.5% 10/17/2012 AO	543,215	538,985
FFCB 5.5% 04/13/2015 AO	250,508	288,489
FHLB 1.375% 05/16/2011 MN SR LIEN	501,115	503,049
FHLB 1.75% 08/22/2012 FA	99,662	102,545
FHLB 1.75% 08/22/2012 FA	99,662	102,545
FHLB 3.625% 09/16/2011 MS	629,041	620,432
FHLB 4.875% 06/13/2014 JD	400,146	458,428
FHLB 4.875% 06/13/2014 JD	253,763	290,711
FHLB 4.875% 11/18/2011 MN	797,130	783,520
FHLB 5.0% 11/17/2017 MN	466,344	512,938
FHLB 5.25% 09/13/2013 MS	380,108	422,771
FHLB 5.25% 09/13/2013 MS	177,869	197,293
FHLB 5.375% 08/19/2011 FA	545,376	525,474
FHLB 5.625% 03/14/2036 MS	81,149	85,687
FHLB 5.625% 03/14/2036 MS	27,050	28,562
FHLMC 1.75% 09/10/2015 MS	209,399	207,548
FHLMC 1.75% 09/10/2015 MS	209,399	207,548
FHLMC 5.5% 08/23/2017 FA	475,708	518,538
FHLMC MTN 4.875% 06/13/2018 JD	381,253	392,272
FNMA 1.75% 03/23/2011 MS	503,293	504,102
FNMA 4.625% 10/15/2014 AO SER BENCHMAR SR LIEN	421,960	448,798
FNMA GLOBAL 4.375000% 03/15/2013 MS	719,361	763,281
GENERAL ELECTRIC CAPITAL CORP 2.25% 03/12/2012	505,260	513,986
GOLDMAN SACHS HIGH YIELD INSTL MUTUAL FUND CLASS I	693,640	774,552
GS INVESTMENT GRADE CREDIT SEPARATE A/C INST MUTUAL FUND	2,363,317	2,303,077
GS INVESTMENT GRADE CREDIT SEPARATE A/C INST MUTUAL FUND	2,269,002	2,239,980
GS MORTGAGES SEPARATE A/C INST MUTUAL FUND	4,674,654	4,755,902
GS MORTGAGES SEPARATE A/C INST MUTUAL FUND	4,583,535	4,693,042
IADB 4.25% 09/14/2015 MS SR LIEN	521,615	553,731
INTL BUSINESS MACHINES CORP 5.7% 09/14/2017 SR LIEN M-W+20.00BP	104,440	116,469
JPMORGAN CHASE & CO. 5.375% 10/01/2012 USD SR LIEN	161,805	162,967
KFW 2.0% 01/17/2012 USD SR LIEN	501,880	511,813
KFW 4.375% 07/21/2015 JJ SR LIEN	508,184	558,011
KFW 4.625% 01/20/2011 JJ	526,580	511,043
LANDWIRTSCHAFTLICHE RENTENBANK CPN 4.3750 01/15/2013	795,000	831,170
LOWE'S COMPANIES, INC. 5.4% 10/15/2016	108,450	114,854
MCDONALD'S CORPORATION MTN 5.8% 10/15/2017 SR LIEN M-W+20.00BP	168,300	175,153
MEDTRONIC INC. 4.750000 09/15/2015 M-W+15.00BP	163,905	168,137
MICROSOFT CORPORATION 4.2% 06/01/2019 SR LIEN	99,950	105,331
MORGAN STANLEY 3.25% 12/01/2011 SR LIEN	520,560	514,364
MORGAN STANLEY MTN 5.25% 11/02/2012 SER F SR LIEN	161,100	161,299
NOVARTIS CAPITAL CORP 4.125% 02/10/2014 M-W+40.00BP	103,860	108,335
ONTARIO (PROVINCE OF) 5.125% 07/17/2012 USD SR LIEN	786,870	817,700
ORACLE CORPORATION 5.75% 04/15/2018 SR LIEN M-W+35.00BP	108,620	115,609
PFIZER INC. 5.35% 03/15/2015 SR LIEN M-W+50.00BP	109,450	113,991
PHILIP MORRIS INTERNATIONAL IN 4.875% 05/16/2013 SR LIEN	103,430	108,864
PRAXAIR, INC 4.625% 03/30/2015	162,285	164,994
PROCTER & GAMBLE COMPANY (THE) 3.5% 02/15/2015 M-W+30.00BP	100,730	106,314
PUBLIC SERVICE CO OF COLORADO 3.2% 11/15/2020 SR LIEN	99,593	94,688
SBC COMMUNICATIONS INC CPN 5.8750 02/01/2012	104,940	107,708
THE WESTERN UNION COMPANY 5.4% 11/17/2011 SER B SR LIEN M-W+15.00BP	160,680	156,927
TOTAL CAPITAL 3.125% 10/02/2015 SR LIEN M-W+15.00BP	150,510	154,843
TVA 6.25% 12/15/2017 JD	440,696	481,191
TVA SER: A 5.625000% 01/18/2011 JJ	538,165	513,709
UNILEVER CAPITAL CORPORATION 3.65% 02/15/2014 SR LIEN M-W+30.00BP	101,102	106,544
VERIZON COMMUNICATIONS INC. 5.25% 04/15/2013 SR LIEN M-W+40.00BP	103,470	109,837
WALGREEN CO. 5.25% 01/15/2019	116,120	113,611
WAL-MART STORES, INC. 5.8% 02/15/2018	108,630	117,095

- TIN:

TY 2010 InvestmentsCorpStockSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE SYSTEMS INC CMN	46,664	50,879
AFLAC INCORPORATED CMN	63,561	82,952
ALLSTATE CORPORATION COMMON STOCK	32,617	34,335
AMERICAN ELECTRIC POWER INC CMN	65,230	70,449
AMERICAN TOWER CORPORATION CMN CLASS A	155,191	222,827
APPLE, INC. CMN	153,456	311,270
ARCHER DANIELS MIDLAND CO CMN	41,999	47,316
AVON PRODUCTS INC. CMN	112,979	113,654
BANK OF AMERICA CORP CMN	129,455	154,050
BAXTER INTERNATIONAL INC CMN	145,560	138,648
BAXTER INTERNATIONAL INC CMN	128,504	121,539
BIOGEN IDEC INC. CMN	76,981	102,788
BMC SOFTWARE INC. CMN	27,826	34,884
BOEING COMPANY CMN	68,780	82,684
BROADCOM CORP CL-A CMN CLASS A	57,075	89,147
CB RICHARD ELLIS GROUP, INC. CMN CLASS A	69,136	129,843
CBS CORPORATION CMN CLASS B	65,958	76,048
CHARLES SCHWAB CORPORATION CMN	83,787	76,242
CISCO SYSTEMS, INC. CMN	193,139	163,580
CME GROUP INC. CMN CLASS A	171,740	204,633
COMCAST CORPORATION CMN CLASS A VOTING	96,286	116,111
COSTCO WHOLESALE CORPORATION CMN	127,225	179,658
CROWN CASTLE INTL CORP COMMON STOCK	87,048	119,568
CVS CAREMARK CORPORATION CMN	70,935	72,704
DISH NETWORK CORPORATION CMN CLASS A	67,171	82,847
DOW CHEMICAL CO CMN	83,949	106,653
EMC CORPORATION MASS CMN	85,923	96,821
EMERSON ELECTRIC CO. CMN	30,823	39,047
ENTERGY CORPORATION CMN	99,053	74,938
EQUINIX INC CMN	74,147	84,348
EVEREST RE GROUP LTD CMN	66,042	70,401
FORD MOTOR COMPANY CMN	37,725	72,029
FRANKLIN RESOURCES INC CMN	45,525	63,390
FREEPORT-MCMORAN COPPER & GOLD CMN	40,526	51,399
GENERAL ELECTRIC CO CMN	184,590	203,714
GENERAL MILLS INC CMN	105,272	111,397
GENERAL MOTORS COMPANY CMN	41,364	42,905
GILEAD SCIENCES CMN	69,642	53,526
GOLDMAN SACHS SMALL CAP VALUE CLASS I	502,850	539,350
GOLDMAN SACHS SMALL/MID CAP GROWTH FUND - INSTL SHARES	644,545	813,812
GOOGLE, INC. CMN CLASS A	46,829	48,706
HALLIBURTON COMPANY CMN	97,411	137,311
HARTFORD FINANCIAL SRVCS GROUP CMN	50,230	50,914
HONEYWELL INTL INC CMN	86,961	121,258
ILLINOIS TOOL WORKS CMN	28,365	35,938
INVESCO LTD. CMN	59,313	65,082
JOHNSON & JOHNSON CMN	112,704	118,999
JOHNSON CONTROLS INC CMN	32,549	51,455
JPMORGAN CHASE & CO CMN	223,008	226,311
KOHL'S CORP (WISCONSIN) CMN	32,286	33,093
LAZARD EMERGING MARKETS EQUITY PORTFOLIO INSTL SHARES	657,735	672,550
LOWES COMPANIES INC CMN	155,419	185,868
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A	34,695	42,312
MARSH & MCLENNAN CO INC CMN	31,652	36,718
MASTERCARD INCORPORATED CMN CLASS A	122,608	125,502
MERCK & CO., INC. CMN	136,385	134,681
MICROSOFT CORPORATION CMN	134,086	139,020
NEWELL RUBBERMAID INC CMN	43,903	50,213
NEWFIELD EXPLORATION CO. CMN	89,637	133,836
NEXTERA ENERGY INC CMN	30,801	28,906
NIKE CLASS-B CMN CLASS B	95,382	123,688
NORTHERN TRUST CORP CMN	87,584	93,477
OCCIDENTAL PETROLEUM CORP CMN	61,767	77,303
OCCIDENTAL PETROLEUM CORP CMN	147,660	206,991
ORACLE CORPORATION CMN	109,964	171,649
ORACLE CORPORATION CMN	22,841	28,702
P G & E CORPORATION CMN	95,604	98,742
PEPSICO INC CMN	165,772	174,235
PEPSICO INC CMN	84,219	88,130
PNC FINANCIAL SERVICES GROUP CMN	77,674	86,465
POLO RALPH LAUREN CORPORATION CLASS A COMMON STOCK	24,834	28,950
PRAXAIR, INC CMN SERIES	67,692	76,567
PROCTER & GAMBLE COMPANY (THE) CMN	90,603	114,314
PROCTER & GAMBLE COMPANY (THE) CMN	38,074	40,464
PRUDENTIAL FINANCIAL INC CMN	87,185	108,966
QUALCOMM INC CMN	215,167	252,448
RANGE RESOURCES CORPORATION CMN	40,069	37,783
SCHLUMBERGER LTD CMN	203,637	280,644
SCHLUMBERGER LTD CMN	58,581	69,806
SLM CORPORATION CMN	83,254	80,576
SOUTHWESTERN ENERGY CO. CMN	113,807	112,440
SPRINT NEXTEL CORPORATION CMN	114,290	79,638
ST JUDE MEDICAL INC CMN	126,602	151,891
STAPLES, INC. CMN	169,983	170,046
STATE STREET CORPORATION (NEW) CMN	51,806	58,435
SUNTRUST BANKS INC $1.00 PAR CMN	71,408	79,057
TEVA PHARMACEUTICAL IND LTD ADS	87,374	94,668
TEVA PHARMACEUTICAL IND LTD ADS	94,134	97,118
TEXAS INSTRUMENTS INC. CMN	34,132	43,225
THE BANK OF NY MELLON CORP CMN	34,661	37,569
THE TRAVELERS COMPANIES, INC CMN	52,228	68,802
THERMO FISHER SCIENTIFIC INC CMN	94,391	128,601
U.S. BANCORP CMN	116,957	129,780
UNILEVER N.V. NY SHS (NEW) ADR CMN	34,515	41,165
WEATHERFORD INTERNATIONAL LTD CMN	49,318	49,613
WELLPOINT, INC. CMN	99,907	95,809
XILINX INCORPORATED CMN	117,145	127,541

- TIN:

TY 2010 InvestmentsGovtObligationsSch

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

US Government Securities - End of Year Book Value:

5,294,163

US Government Securities - End of Year Fair Market Value:

5,319,987

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

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

- TIN:

TY 2010 InvestmentsOtherSchedule2

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
NON-US EQUITY MANAGERS: PORTFOLIO 1 [SERIES] CLASS 1	AT COST	3,578,765	3,937,188
PROGRAM INVESTMENT LOAN	AT COST	35,061	35,061
GS HEDGE FUND PORTFOLIO PLC CLASS B, SERIES 36	AT COST	2,500,000	2,432,683
GS HEDGE FUND PORTFOLIO PLC CLASS B, SERIES 63	AT COST	750,000	764,166
GS CAPITAL PARTNERS V INSTITUTIONAL, L.P. / GSCP V INSTITUTIONAL AIV, L.P.	AT COST	971,629	1,143,232
GOLDMAN SACHS DISTRESSED OPPORTUNITIES FUND IV OFFSHORE HOLDINGS, L.P. (C)	AT COST	352,015	311,517

- TIN:

TY 2010 LandEtcSchedule2

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
LAND - BIG BENSON POND	760,005	0	760,005
LAND - BIG GREENWOOD POND	186,179	0	186,179
LAND - BIG WILSON PRESERVE	590,000	0	590,000
LAND - BODFISH FARM ROAD #1	20,900	0	20,900
LAND - BODFISH FARM ROAD #2	23,000	0	23,000
LAND - DOUGHTY HILL	39,000	0	39,000
LAND - GREENWOOD MOUNTAIN	40,000	0	40,000
LAND - LITTLE GREENWOOD POND PRESERVE	400,000	0	400,000
LAND - MOUNT KINEO PRESERVE	415,000	0	415,000
LAND - PEPPERMINT BROOK PRESERVE	48,000	0	48,000
LAND - SEVEN PONDS PRESERVE	2,400,000	0	2,400,000
LAND - SZABO PROPERTY	38,900	0	38,900
LAND - T3R8 & T4R8	12,164,436	0	12,164,436
LAND - TOWNSHIP 3, RANGE 7	4,120,261	0	4,120,261
LAND - WAKEMAN GATE	300,000	0	300,000
LAND - 1 GREENVILLE RD, MONSON	56,016	0	56,016
LAND - 3 GREENVILLE RD, MONSON	32,216	0	32,216
LAND - 5 GREENVILLE RD, MONSON	33,721	0	33,721
LAND - 4 WATER ST, MONSON	89,766	0	89,766
LAND - SCHOODIC PENNINSULA	844,222	0	844,222
FURNITURE	15,573	14,978	595
LAND - SEAL COVE RD, SOUTHWEST HARBOR	482,776	0	482,776
LAND - OTTER CLIFF RD, BAR HARBOR	754,286	0	754,286
LAND- OTTER CLIFF ROAD	422,544	0	422,544
LAND- EASEMENT CARANTUNK FALLS	51,522	0	51,522
LAND- MOUNT DESERT ISLAND	46,934	0	46,934
LAND- T2R8 AND T3R8	10,024,044	0	10,024,044
LAND- MAP 223 LOT 17	30,984	0	30,984
LAND- BLACK DOG ROAD PROPERTY	117,116	0	117,116
LAND- MAP 21 LOT 16	30,884	0	30,884
LAND- T4R7 AND T4R8, PENOBSCOT COUNTY	3,557,793	0	3,557,793
LAND- T3R7 W.E.L.S., PENOBSCOT COUNTY	2,464,470	0	2,464,470
LAND- T3R8 AND T4R8, PENOBSCOT COUNTY	6,102,442	0	6,102,442
COLLECTIBLES	110,057	0	110,057
MAP 14 LOT 8, TREMONT, ME	101,488	0	101,488
MAP 22 LOT 12 LONG POND SW HARBOR, ME	428,978	0	428,978
660 CONGRESS ST	511,668	0	511,668
LAND- T4R8 W.E.L.S	297,180	0	297,180
LAND- MDI ROUND POND	1,026,625	0	1,026,625
LAND- T6R9 & T7R9	275,000	0	275,000
LAND- MONTROSE COLORADO	2,128,570	0	2,128,570
LAND- HULLS COVE	71,139	0	71,139
LAND- TREMONT MAP 3 LOT 16	381,553	0	381,553
LAND- WILLIAMSBURG & ELLIOTSVILLE TWNSP (1108 ACRES)	547,936	0	547,936
LAND- T6R9 & T7R9 & BARNARD (8034 ACRES)	3,972,878	0	3,972,878

- TIN:

TY 2010 LegalFeesSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
VARIOUS LEGAL FEES	5,403	0	0	5,403

- TIN:

TY 2010 OtherExpensesSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LAND MAINTENANCE & PROPERTY UPKEEP	57,978	0	0	57,978
CONTRACT LABOR	8,059	0	0	8,059
OTHER NON DEDUCTIBLE INVESTMENT EXPENSES	3,669	0	0	0
PORTFOLIO DEDUCTIONS FROM PASS THRU INVESTMENTS	21,707	21,707	21,707	0
GOLDMAN SACHS CAP PRTNRS K1 OTHER DEDUCTIONS	9,976	9,976	9,976	0
OTHER INVESTMENT EXPENSES	37,141	37,141	37,141	0
ASSOCIATION DUES	8,900	0	0	8,900
INSURANCE	8,005	0	0	8,005
SUPPLIES	2,389	0	0	2,389
BANK FEES	35	35	35	0
OFFICE EXPENSE	698	0	0	698
PAYROLL PROCESSING FEES	2,251	0	0	2,251
UTILITIES	15,110	0	0	15,110
MISCELLANEOUS EXPENSE	7,883	0	0	7,883
ADVERTISING	24,560	0	0	24,560
CLEANING & DISPOSAL SERVICES	18,509	0	0	18,509
PHOTOGRAPHY	41,543	0	0	41,543
ARTISTS IN RESIDENCE PROGRAM EXPENSES	67,640	0	0	67,640

- TIN:

TY 2010 OtherProfessionalFeesSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES - GOLDMAN SACHS	228,427	228,427	228,427	0
LAND MANAGEMENT FEES	472,000	0	0	472,000
PROFESSIONAL FEES	13,531	0	0	13,531
CONSULTING FEES	50,000	0	0	50,000

- TIN:

TY 2010 TaxesSchedule

Name:

ELLIOTSVILLE PLANTATION INC

C/O JAMES W SEWALL COMPANY

EIN: 13-4223002

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
REAL ESTATE AND FORESTRY EXCISE TAXES	188,145	0	0	188,145
FOREIGN TAXES PAID	19,515	19,515	19,515	0
FEDERAL INVESTMENT INCOME TAX	43,500	0	0	43,500
PAYROLL TAXES	14,286	0	0	14,286