Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
The Caroline M Lowndes Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)c/o Foundation Source 501 Silversid   Room/suite
City or town, state, and ZIP code
Wilmington, DE198091377
A Employer identification number

26-0379209
B Telephone number (see page 10 of the instructions)

(800) 839-1754
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$4,146,257J 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...... 66,257 66,257  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 89,253
b Gross sales price for all assets on line 6a 676,269
7 Capital gain net income (from Part IV, line 2)... 92,425
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 69 69  
12 Total. Add lines 1 through 11........ 155,579 158,751  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000     12,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 16,787 16,787    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 900      
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 19,303 1   19,302
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,990 16,788   31,302
25 Contributions, gifts, grants paid........ 139,500 139,500
26 Total expenses and disbursements. Add lines 24 and 25 188,490 16,788   170,802
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -32,911
b Net investment income (if negative, enter -0-) 141,963
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 319,022 210,865 210,865
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,394,497 Click to see attachment2,513,339 3,057,896
c Investments—corporate bonds (attach schedule)........ 406,645 Click to see attachment363,050 371,341
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 503,769 Click to see attachment503,768 506,155
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) 3,623,933 3,591,022 4,146,257
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
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,623,933 3,591,022
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,623,933 3,591,022
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,623,933 3,591,022
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 3,623,933
2 Enter amount from Part I, line 27a...................... 2 -32,911
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,591,022
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,591,022
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 676,269   583,844 92,425
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       92,425
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 92,425
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 111,586 3,155,195 000.035366
2008 58,638 3,144,908 000.018645
2007 4,900 700,959 000.006990
2006      
2005      
2 Total of line 1, column (d) ...................... 2 000.061001
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. . . 		3 000.020334
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,833,377
5 Multiply line 4 by line 3....................... 5 77,948
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,420
7 Add lines 5 and 6......................... 7 79,368
8 Enter qualifying distributions from Part XII, line 4.............. 8 170,802
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 1,420
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  
3 Add lines 1 and 2............................ 3 1,420
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,420
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,582
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 1582 7 1,582
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 162
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet162 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletco Foundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    No
    .........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
    Yes
     
    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
    Caroline M Lowndes President / Director / Secretary
    010.00     		12,000    
    c/o Foundation Source 501 Silversid
    Wilmington,DE19809
    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  
    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
     
    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
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    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
    3,098,143
    b
    Average of monthly cash balances.......................
    1b
    292,865
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    500,745
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,891,753
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    3,891,753
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) Click to see attachment............................
    4
    58,376
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,833,377
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    191,669
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    191,669
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,420
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,420
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    190,249
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    190,249
    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
    190,249
    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 Click to see attachment..........
    1a
    170,802
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    170,802
    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
    1,420
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    169,382
    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 7 190,249
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 156,944
    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$ 170,802
    a Applied to 2009, but not more than line 2a 156,944
    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..... 13,858
    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 ..........     		176,391
    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
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Caroline M Lowndes
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARCHIVES OF AMERICAN ART
    PO BOX 37012 VICTOR BLDG
    WASHINGTON,DC20013     		N/A 509(a)(1) Friend of the Archives Fund 2,500
    CAMP CASEY CORPORATION
    333 W 7TH ST STE 230
    ROYAL OAK,MI48067     		N/A 509(a)(1) General Unrestricted 500
    CENTRAL PARK CONSERVANCY INC
    14 E 60TH ST FL 8
    NEW YORK,NY10022     		N/A 509(a)(1) Conservators Program 2,500
    COMFORT ZONE CAMP INC
    4906 CUTSHAW AVE 2ND FL
    RICHMOND,VA23230     		N/A 509(a)(1) General Unrestricted 1,000
    FIDELITY INVESTMENTS CHARITABLE GIF
    200 SEAPORT BLVD
    BOSTON,MA02210     		N/A 509(a)(1) The C M Lowndes Fund 60,000
    FRICK COLLECTION
    1 E 70TH ST
    NEW YORK,NY10021     		N/A 509(a)(1) Contributing Fellow Program 2,500
    FRIENDS OF GUNSTON HALL
    10709 GUNSTON RD
    MASON NECK,VA22079     		N/A 509(a)(1) General Unrestricted 500
    FRIENDS OF SULGRAVE MANOR
    1200 MUTUAL BLDG
    RICHMOND,VA23219     		N/A 509(a)(1) Annual Fund 500
    FUND FOR PARK AVENUE NEW YORK INC
    300 PARK AVE STE 1700
    NEW YORK,NY10022     		N/A 509(a)(1) 2010 Tree Lighting Fund 1,000
    FUND FOR PARK AVENUE NEW YORK INC
    300 PARK AVE STE 1700
    NEW YORK,NY10022     		N/A 509(a)(1) Spring 2010 Campaign 1,000
    HUMANE SOCIETY OF NEW YORK
    306 E 59TH ST
    NEW YORK,NY10022     		N/A 509(a)(2) General Unrestricted 1,000
    INTERNATIONAL FOUNDATION FOR ART RE
    500 5TH AVE
    NEW YORK,NY10110     		N/A 509(a)(2) Patron Program 1,000
    JUNIOR LEAGUE OF THE CITY OF NEW YO
    130 E 80TH ST
    NEW YORK,NY10075     		N/A 509(a)(2) Annual Fund 500
    MARY BALDWIN COLLEGE
    318 PROSPECT ST
    STAUNTON,VA24401     		N/A 509(a)(1) Annual Fund 5,000
    METROPOLITAN OPERA ASSOCIATION INC
    LINCOLN CENTER
    NEW YORK,NY10023     		N/A 509(a)(1) Patron Fund 2,500
    NATIONAL SOCIETY OF COLONIAL DAMES
    215 E 71ST ST
    NEW YORK,NY10021     		N/A 509(a)(1) Employees Fund 500
    NATIONAL SOCIETY OF COLONIAL DAMES
    215 E 71ST ST
    NEW YORK,NY10021     		N/A 509(a)(1) Friends of Van Cortlandt House Museum 500
    NATIONAL SOCIETY OF THE COLONIAL DA
    PO BOX 22127
    CHARLESTON,SC29413     		N/A 509(a)(2) Powder Magazine Fund 500
    NATIONAL SOCIETY OF THE COLONIAL DA
    2715 Q ST NW
    WASHINGTON,DC20007     		N/A 509(a)(2) Friends of Dumbarton House Campaign 500
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK W
    NEW YORK,NY10024     		N/A 509(a)(1) Chairmans Council Division 10,000
    PIERPONT MORGAN LIBRARY
    225 MADISON AVE
    NEW YORK,NY10016     		N/A 509(a)(1) Association of Fellows 7,000
    ROUNDABOUT THEATRE COMPANY INC
    231 W 39TH ST STE 1200
    NEW YORK,NY10018     		N/A 509(a)(1) Chairmans Circle 2,000
    SMILE TRAIN INC
    41 MADISON AVE FL 28
    NEW YORK,NY10010     		N/A 509(a)(1) General Unrestricted 1,000
    ST JAMES EPISCOPAL CHURCH
    865 MADISON AVE
    NEW YORK,NY10021     		N/A 509(a)(1) 2010 Commitment Campaign 25,000
    SUSAN G KOMEN BREAST CANCER FOUNDAT
    5005 LBJ FWY STE 250
    DALLAS,TX75244     		N/A 509(a)(2) General Unrestricted 1,000
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		N/A 509(a)(1) Annual Appeal Campaign 1,000
    THE NEW SCHOOL
    80 5TH AVE 4TH FIOOR
    NEW YORK,NY10011     		N/A 509(a)(1) Annual Fund 1,000
    THE NEW YORK PUBLIC LIBRARY ASTOR L
    5TH AVE AND 42ND ST
    NEW YORK,NY10018     		N/A 509(a)(1) Conservators Program 2,000
    THE NEW YORK PUBLIC LIBRARY ASTOR L
    5TH AVE AND 42ND ST
    NEW YORK,NY10018     		N/A 509(a)(1) Special Appeal Campaign 500
    VANDERBILT UNIVERSITY
    VU STA B 357754
    NASHVILLE,TN37235     		N/A 509(a)(1) Annual Fund 5,000
    Total .................................bullet 3a 139,500
    bApproved for future payment
    Total ..................................bullet 3b  
    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 66,257  
    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 89,253  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 Pass-Through Income     14 69  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   155,579  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13155,579
    (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: 10000149
    Software Version: 2010.2.15
    Part VI Line 7 - Tax Paid Original Return: 1582


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 GeneralExplanationAttachment
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Identifier Return Reference Explanation

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Name of Bond End of Year Book Value End of Year Fair Market Value
    3M CO MEDIUM TERM NTS BK ENTRY 4.37500 08/15/2013 88579EAE5 4000000.00% 42,880 43,517
    ABBOTT LABS NOTE - 5.600 - 11/30/2017 002819AB6 4000000.00% 44,404 45,646
    CATERPILLAR INC NOTES - 5.700 - 08/15/2016 149123BM2 3500000.00% 37,588 40,334
    GE CAP CORP GLOB DTD 2/15/2002 5.875 2/15/2012 36962GXS8 3500000.00% 36,373 36,634
    ORACLE CORP - 5.25 - 01/15/2016 68402LAC8 3500000.00% 36,768 39,061
    PEPSICO INC SR NT - 4.650 - 02/15/2013 713448BG2 4000000.00% 43,198 42,955
    WALMART STORES INC. NOTE - 4.550 - 05/01/2013 931142BT9 4000000.00% 42,898 43,206
    WALT DISNEY CO - 5.700 - 07/15/2011 254687CC8 4000000.00% 42,533 41,125
    WELLS FARGO COMPANY BOND 05.62500 12/11/2017 949746NX5 3500000.00% 36,408 38,863

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Name of Stock End of Year Book Value End of Year Fair Market Value
    480 shares of ABBOTT LABS ABT 24,360 22,997
    625 shares of ACCENTURE PLC ACN 21,875 30,306
    140 shares of ADVANCE AUTO PARTS INC AAP 5,484 9,261
    738 shares of AETNA INC. NEW AET 19,615 22,516
    580 shares of ALLIANCE DATA SYSTEM CORP ADS 36,701 41,197
    375 shares of ALTERA CORPORATION ALTR 7,084 13,343
    232 shares of AMERICAN TOWER CORP CL A AMT 8,446 11,980
    304 shares of AMETEK INC. AME 7,120 11,932
    143 shares of AMPHENOL CORPORATION APH 6,476 7,548
    215 shares of ANADARKO PETROLEUM CORP APC 13,453 16,374
    225 shares of ANSYS INC. ANSS 8,749 11,716
    230 shares of APACHE CORPORATION APA 20,240 27,423
    75 shares of APPLE INC. AAPL 24,113 24,192
    835 shares of AUTOMATIC DATA PROCESSING INC. ADP 28,878 38,644
    70 shares of AUTOZONE INC AZO 8,429 19,081
    325 shares of AVAGO TECHNOLOGIES LIMITED AVGO 7,518 9,233
    489 shares of B M C SOFTWARE BMC 23,632 23,051
    970 shares of BANK NEW YORK MELLON CORP COM BK 28,039 29,294
    2221 shares of BANK OF AMERICA CORP BAC 35,515 29,628
    197 shares of BED BATH BEYOND INC. BBBY 4,818 9,683
    117 shares of BERKLEY W R CP WRB 2,560 3,203
    555 shares of BEST BUY INC. BBY 20,398 19,031
    214 shares of BLACKROCK INC BLK 37,346 40,784
    124 shares of BROWN FORMAN CORP CL B BF-B 6,896 8,633
    93 shares of C H ROBINSON WORLDWIDE INC. CHRW 4,726 7,458
    174 shares of CATALYST HEALTH SOLUTIONS, INC CHSI 6,648 8,089
    226 shares of CELANESE CORPORATION CE 7,367 9,304
    497 shares of CHECK POINT SOFTWARE TECHNOLOGIES LTD CHKP 15,460 22,991
    114 shares of CHURCH DWIGHT COMMON CHD 6,774 7,868
    1670 shares of CISCO SYSTEMS INC CSCO 39,741 33,784
    50 shares of CME GROUP, INC CME 13,507 16,088
    374 shares of COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION - CLASS CTSH 11,973 27,410
    1265 shares of COMCAST CORP CL A CMCSA 19,758 27,792
    118 shares of CONCHO RESOURCES INC CXO 5,734 10,345
    8873 shares of CRM MID CAP VALUE FUND CRIMX 226,467 254,393
    635 shares of CVS CAREMARK CORP. CVS 24,816 22,079
    380 shares of DANAHER CORP DHR 10,893 17,925
    160 shares of DARDEN RESTAURANTS INC. DRI 3,640 7,430
    70 shares of DAVITA INC COMMON DVA 3,618 4,864
    305 shares of DICKS SPORTING GDS DKS 9,079 11,438
    125 shares of DIGITAL RLTY TR INC DLR 6,012 6,443
    211 shares of DISCOVERY COMMUNICATIONS, INC - SERIES C COMMON ST DISCK 6,936 7,742
    3878 shares of DODGE COX FUNDS INTERNATIONAL STOCK FUND DODFX 162,029 138,492
    202 shares of DOLLAR TREE INC. DLTR 4,727 11,328
    199 shares of DOVER CORP DOV 8,240 11,632
    63 shares of EATON CORP ETN 5,518 6,395
    126 shares of EMERGENCY MED SVCS EMS 6,037 8,141
    555 shares of EQT CORPORATION EQT 17,878 24,886
    70 shares of EQUINIX, INC. EQIX 6,177 5,688
    240 shares of EXPRESS SCRIPTS INC. ESRX 7,675 12,972
    334 shares of EXXON MOBIL CORP XOM 18,284 24,422
    1008 shares of FIDELITY NATIONAL INFORMATION SERVICES INC FIS 22,639 27,609
    2000 shares of FIDUCIARY CLAYMORE MLP OPP FD FMO 23,900 43,280
    750 shares of FISERV INC FISV 30,711 43,920
    93 shares of FLUOR CORP NEW FLR 4,601 6,162
    19588 shares of FRANKLIN HIGH INCOME FUND ADVISOR CLASS FVHIX 27,619 39,372
    291 shares of GAMESTOP CORP GME 6,913 6,658
    305 shares of GEN DYNAMICS CP GD 16,937 21,643
    2530 shares of GENERAL ELECTRIC CO GE 81,598 46,274
    25 shares of GOOGLE INC CL A GOOG 14,794 14,849
    85 shares of GRAINGER W W INC. GWW 7,339 11,739
    962 shares of H.J. HEINZ COMPANY HNZ 34,939 47,581
    270 shares of HANSEN NATURAL CORPORATION HANS 10,669 14,116
    2277 shares of HARBOR FDS INTL FD HAINX 155,204 137,845
    805 shares of HEWLETT PACKARD CO HPQ 39,461 33,891
    126 shares of HUMANA INC HUM 5,435 6,897
    63 shares of INTERCNTNTLEXCHANGE ICE 5,622 7,506
    275 shares of INTERNATIONAL BUSINESS MACHINES IBM 29,469 40,359
    35 shares of INTUITIVE SURGICAL, INC. ISRG 11,576 9,021
    83 shares of JONES LANG LASALLE JLL 2,700 6,965
    830 shares of JP MORGAN CHASE CO JPM 29,875 35,209
    325 shares of JUNIPER NETWORKS JNPR 10,138 11,999
    182 shares of KANSAS CITY SOUTHERN KSU 6,613 8,711
    360 shares of LABORATORY CORP AMER HLDGS LH 24,113 31,651
    123 shares of LANDSTAR SYSTEM LSTR 5,050 5,036
    725 shares of LIBERTY GLOBAL INC LBTYA 13,725 25,651
    277 shares of LINCARE HOLDINGS, INC. LNCR 6,502 7,432
    229 shares of LINEAR TECHNOLOGY CORP LLTC 6,899 7,921
    68 shares of LUBRIZOL CP LZ 6,489 7,268
    256 shares of MARRIOTT INTERNATIONAL INC. CL A MAR 8,761 10,629
    127 shares of MCKESSON CORP MCK 4,915 8,938
    633 shares of MEDTRONIC INC MDT 25,015 23,478
    862 shares of MERCK CO INC. MRK 24,081 31,066
    500 shares of MICROCHIP TECHNOLOGY INC. MCHP 15,186 17,105
    98 shares of MOHAWK INDS INC MHK 6,777 5,562
    326 shares of MOLEX INCORPORATED MOLX 6,468 7,407
    91 shares of MSC INDUSTRIAL DRCT MSM 4,788 5,887
    108 shares of MSCI INC MSCI 2,566 4,208
    1120 shares of NALCO CHEMICAL NLC 11,663 35,773
    285 shares of NEXTERA ENERGY, INC NEE 13,630 14,817
    144 shares of NII HOLDINGS INC - COMMON STOCK NIHD 6,041 6,431
    260 shares of NIKE INC-CL B NKE 12,839 22,209
    295 shares of NORFOLK SOUTHERN CORP NSC 16,023 18,532
    590 shares of NORTHEAST UTIL NU 13,357 18,809
    1445 shares of ORACLE CORP ORCL 25,056 45,229
    76 shares of PANERA BREAD CO. CL. A. PNRA 6,169 7,692
    171 shares of PEABODY ENERGY CORP BTU 4,406 10,941
    775 shares of PEPSICO INC PEP 55,516 50,631
    250 shares of PETSMART INC. COM PETM 6,304 9,955
    306 shares of PG E CORP PCG 12,627 14,639
    330 shares of PRAXAIR INC. PX 20,913 31,505
    63 shares of PRECISION CASTPARTS PCP 4,885 8,770
    57 shares of PRICELINE.COM INCORPORATED PCLN 4,345 22,774
    445 shares of PROCTER GAMBLE CO PG 32,705 28,627
    700 shares of QEP RESOURCES INC QEP 16,709 25,417
    545 shares of REPUBLIC SVCS INC. RSG 15,567 16,274
    340 shares of RIVERBED TECHNOLOGY, INC. RVBD 4,860 11,958
    219 shares of ROBERT HALF INTL INC. RHI 6,105 6,701
    311 shares of ROCKWOOD HOLDINGS INC ROC 6,460 12,166
    102 shares of ROPER INDUSTRIES NEW COMMON ROP 4,566 7,796
    193 shares of SHIRE PHARMACEUTICALS, INC SHPGY.PK 12,292 13,969
    332 shares of SKYWORKS SOLUTIONS, INC SWKS 7,063 9,505
    124 shares of SOUTHWESTERN ENERGY SWN 3,947 4,641
    545 shares of SPECTRA ENERGY CORP-W/I SE 10,744 13,620
    290 shares of ST. JUDE MED INC. STJ 11,523 12,398
    123 shares of STEC, INC. STEC 1,664 2,171
    120 shares of STERICYCLE INC SRCL 6,972 9,710
    555 shares of STRYKER CORPORATION SYK 20,088 29,804
    176 shares of T. ROWE PRICE ASSOCIATES TROW 9,256 11,359
    535 shares of TARGET CORPORATION TGT 19,216 32,170
    140 shares of TEMPUR PEDIC INTERNATIONAL INC. TPX 4,196 5,608
    185 shares of TIME WARNER CABLE INC TWC 9,215 12,216
    110 shares of TIMKEN CO COM TKR 5,329 5,250
    962 shares of TJX COMPANIES INC TJX 35,520 42,703
    3111 shares of TORTOISE ENERGY CAP CORP TYY 29,045 86,392
    85 shares of TRIUMPH GROUP INC TGI 6,600 7,600
    420 shares of UNITED TECHNOLOGIES CORP UTX 32,115 33,062
    995 shares of UNITEDHEALTH GROUP INC. UNH 23,852 35,929
    270 shares of V F CORP VFC 14,566 23,269
    180 shares of VISA INC V 12,090 12,668
    1260 shares of WALGREEN CO WAG 31,097 49,090
    432 shares of WEATHERFORD INTL NEW WFT 7,679 9,850
    1144 shares of WELLS FARGO CO. WFC 29,827 35,453
    2400 shares of WESTERN UNION CO WU 33,759 44,568
    57 shares of WHITING PETROLEUM CORP WLL 5,223 6,680
    1265 shares of WILLIAMS COS WMB 22,169 31,271

    TY 2010 InvestmentsOtherSchedule2
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LAZARD LTD LAZ   3,768 5,410
    LIGHTHOUSE GLOBAL LONG/SHORT FUND LIMITED   500,000 500,745

    TY 2010 OtherExpensesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 18,627     18,627
    Foundation Dues Memberships 650     650
    K1 passthrough LAZARD LTD 1 1    
    State or Local Filing Fees 25     25


    TY 2010 OtherIncomeSchedule2
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LAZARD LTD K-1 Pass-Through Share of Partnership Income/Loss 69 69  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 16,787 16,787    


    TY 2010 TaxesSchedule
    Name:
    The Caroline M Lowndes Foundation Inc
    EIN: 26-0379209
    Software ID:10000149
    Software Version:2010.2.15
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2010 900 0 0 0