Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)271 JOHNS ISLAND DRIVE   Room/suite
City or town, state, and ZIP code
VERO BEACH, FL32963
A Employer identification number

11-2768682
B Telephone number (see page 10 of the instructions)

(772) 231-2971
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$8,649,001J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 2,552 2,552 0
4 Dividends and interest from securities...... 180,913 180,913 0
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -17,345
b Gross sales price for all assets on line 6a 1,390,920
7 Capital gain net income (from Part IV, line 2)...  
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 31,812 0 0
12 Total. Add lines 1 through 11........ 197,932 183,465 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,150 0 0 10,150
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 32,806 994 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,453 4,169 0 284
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,409 5,163 0 10,434
25 Contributions, gifts, grants paid........ 437,950 437,950
26 Total expenses and disbursements. Add lines 24 and 25 485,359 5,163 0 448,384
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -287,427
b Net investment income (if negative, enter -0-) 178,302
c Adjusted net income (if negative, enter -0-)... 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............... 233,540 307,166 307,166
2 Savings and temporary cash investments.......... 702,156 846,794 846,794
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)........ 6,619,514 Click to see attachment6,225,275 7,065,836
c Investments—corporate bonds (attach schedule)........ 505,217 Click to see attachment394,831 426,675
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,414 Click to see attachment2,530 Click to see attachment2,530
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,063,841 7,776,596 8,649,001
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 338,134 338,134
29 Retained earnings, accumulated income, endowment, or other funds 7,725,707 7,438,462
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,063,841 7,776,596
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,063,841 7,776,596
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 8,063,841
2 Enter amount from Part I, line 27a...................... 2 -287,427
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 182
4 Add lines 1, 2, and 3.......................... 4 7,776,596
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 7,776,596
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 ENBRIDGE ENERGY MGMT - CIL P    
b KINDER MORGAN MANAGEMENT LLC - CIL P    
c 8,219.75 SHS JP MORGAN HIGH YIELD BOND FUND P 2008-09-23 2010-01-20
d 525.46 SHS JP MORGAN HIGH YIELD BOND FUND P 2010-01-04 2010-01-20
e 2,757.96 SHS JP MORGAN SHORT DURATION BOND FUND P 2008-05-08 2010-01-20
266.78 SHS JP MORGAN SHORT DURATION BOND FUND P 2010-01-04 2010-01-20
$37,000 JP MORGAN 2/7/11 P 2009-01-23 2010-02-10
$48,000 MORGAN STANLEY 3/1/10 P 2009-05-22 2010-03-01
$50,000 JP MORGAN 3/4/10 P 2009-08-27 2010-03-04
$55,000 JP MORGAN 7/1/10 P 2009-09-23 2010-03-11
$70,000 JP MORGAN 3/18/10 P 2008-03-12 2010-03-18
AOL TIME WARNER - CLASS ACTION SETTLEMENT P    
$21,000 JP MORGAN 4/20/10 P 2009-10-15 2010-04-20
$75,000 HSBC BREN SPX 6/16/10 P 2009-05-29 2010-06-16
1,964.13 SHS ARTISAN INTL VALUE FUND - INV P 2009-12-04 2010-07-28
1,597.95 SHS DODGE & COX INTERNATIONAL STOCK P 2007-08-29 2010-07-28
1,850.99 SHS JP MORGAN ASIA EQUITY FUND P 2009-07-17 2010-07-28
$40,000 JP MORGAN 5/6/11 P 2009-04-24 2010-08-11
2,723.40 SHS JP MORGAN INTREPID AMERICA FUND P 2005-05-23 2010-09-28
7,189.18 SHS JP MORGAN INTREPID GROWTH FUND P 2007-01-31 2010-09-28
TYCO INTERNATIONAL LTD - CLASS ACTION SETTLEMENT P    
AMERICAN INTERNATIONAL GROUP INC - CLASS ACTION SETTLEMENT P    
$60,000 JP MORGAN 6/17/11 P 2010-03-10 2010-11-05
CARDINAL HEALTH INC - CLASS ACTION SETTLEMENT P    
$20,000 JP MORGAN 11/24/10 P 2009-05-13 2010-11-24
9,370.02 SHS HIGHBRIDGE STATISTICAL MARKET NEUTRAL FUND P 2008-12-23 2010-12-01
985.63 SHS DODGE & COX INTERNATIONAL STOCK P 2007-08-29 2010-12-07
2,117.58 SHS JP MORGAN US LARGE CAP CORE PLUS FUND P 2007-09-17 2010-12-07
1,909.98 SHS JP MORGAN STRATEGIC INCOME OPPORTUNITIES FUND P 2010-12-01 2010-12-07
15,877.69 SHS JP MORGAN SHORT DURATION BOND FUND P 2008-05-08 2010-12-07
485.90 SHS JP MORGAN SHORT DURATION BOND FUND P 2010-12-01 2010-12-07
(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 125   0 125
b 125   0 125
c 64,854   62,140 2,714
d 4,146   3,981 165
e 30,089   29,565 524
2,911   2,902 9
43,179   37,000 6,179
54,960   48,000 6,960
54,960   50,000 4,960
58,850   55,000 3,850
52,608   70,000 -17,392
172   0 172
23,013   21,000 2,013
89,775   75,000 14,775
46,000   46,471 -471
50,000   74,433 -24,433
58,121   55,482 2,639
44,720   40,000 4,720
56,592   61,032 -4,440
146,084   157,235 -11,151
98   0 98
46   0 46
64,200   60,000 4,200
168   0 168
22,800   20,000 2,800
141,956   150,260 -8,304
35,000   45,911 -10,911
42,500   44,999 -2,499
22,500   22,316 184
174,655   170,209 4,446
5,345   5,329 16
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       125
b       125
c       2,714
d       165
e       524
      9
      6,179
      6,960
      4,960
      3,850
      -17,392
      172
      2,013
      14,775
      -471
      -24,433
      2,639
      4,720
      -4,440
      -11,151
      98
      46
      4,200
      168
      2,800
      -8,304
      -10,911
      -2,499
      184
      4,446
      16
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 -17,345
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 378,313 7,161,013 0.05283
2008 439,787 8,732,568 0.050362
2007 586,206 10,775,735 0.054401
2006 348,628 10,140,592 0.034379
2005 607,698 9,715,869 0.062547
2 Total of line 1, column (d) ...................... 2 0.254519
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 0.050904
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 8,028,262
5 Multiply line 4 by line 3....................... 5 408,671
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,783
7 Add lines 5 and 6......................... 7 410,454
8 Enter qualifying distributions from Part XII, line 4.............. 8 448,384
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 1,783
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 1,783
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 1,783
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 31,812
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,812
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 30,029
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet30,029 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)bulletDE
    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 ofbulletETHEL K MARRAN Telephone no.bullet (772) 231-2971
    Located atbullet271 JOHNS ISLAND DRIVEVERO BEACHFL ZIP+4bullet32963
    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
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    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
     
    No
    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
    ETHEL K MARRAN PRES/TREAS
    0     		0 0 0
    271 JOHNS ISLAND DRIVE
    VERO BEACH,FL32963
    ELIZABETH MARRAN VP
    0     		0 0 0
    44 ALPINE STREET
    CAMBRIDGE,MA02138
    LAURA F MARRAN SECRETARY
    0     		0 0 0
    3988 LAGO DI GRATA CIRCLE
    SAN DIEGO,CA92130
    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
     
    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 NONE  
    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
    7,124,718
    b
    Average of monthly cash balances.......................
    1b
    1,025,802
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,150,520
    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
    0
    3
    Subtract line 2 from line 1d..........................
    3
    8,150,520
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    122,258
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,028,262
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    401,413
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    401,413
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,783
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,783
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    399,630
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    399,630
    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
    399,630
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    448,384
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    448,384
    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
    1,783
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    446,601
    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 7 399,630
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 267,988
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 448,384
    a Applied to 2009, but not more than line 2a 267,988
    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..... 180,396
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    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 ..........     		219,234
    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 ......     		0
    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.... 0
    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).)
    NONE
    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.
    NONE
    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
    AMERICAN CANCER SOCIETY
    PO BOX 22718
    OKLAHOMA,OK73123     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    UNITED WAY OF INDIAN RIVER COUNTY
    1836 14TH AVENUE
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 10,000
    HAITI EARTHQUAKE RELIEF
    PLAN USA 155 PLAN WAY
    WARWICK,RI02886     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    RELIGIOUS OF THE SACRED HEART OF MARY
    441 N GARFIELD AVE
    MONTEBELLO,CA90640     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    VERO BEACH ORCHESTRA BOOSTERS INC
    1707 16TH STREET
    VERO BEACH,FL32962     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    LA JOLLA COUNTRY DAY SCHOOL
    9490 GENESEE AVENUE
    LA JOLLA,CA92037     		NONE PUBLIC CHARITY CHARITABLE CONTRIVUTION 35,000
    GUILD HALL OF EAST HAMPTON
    158 MAIN STREET
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    HIBISCUS CHILDRENS CENTER
    2400 NORTHEAST DIXIE HIGHWAY
    JENSEN BEACH,FL34957     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 51,000
    EAST HAMPTON LIBRARY
    159 MAIN STREET
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    FINCA INTERNATIONAL
    1101 14TH STREET NW 11TH FLOOR
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 15,000
    DAISY HOPE CENTER
    1840 25TH STREET
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    GIFFORD YOUTH ACTIVITY CENTER
    177 BOSTON POST ROAD
    WESTON,MA02493     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 5,000
    WOMAN'S REFUGE OF VERO BEACH
    1850 LEMON AVENUE
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 10,000
    PATHWAYS INC
    585 NORTH MARY AVENUE
    SUNNYVALE,CA94085     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    HAMILTON COLLEGE
    198 COLLEGE HILL ROAD
    CLINTON,NY13323     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 20,000
    ENVIRONMENTAL LEARNING CENTER
    255 LIVE OAK DRIVE
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    RIVERSIDE THEATRE
    3250 RIVERSIDE PARK DRIVE
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 5,000
    SALISBURY SCHOOL
    251 CANAAN ROAD
    SALISBURY,CT06068     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 20,000
    WASHINGTON LEGAL CLINIC FOR THE HOMELESS
    1200 U ST NW3
    WASHINGTON,DC20009     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    METROPOLITAN MUSEUM OF ART
    1000 5TH AVENUE
    NEW YORK,NY10028     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,200
    BIG BROTHERS BIG SISTERS
    5033 SOUTHEAST FEDERAL HIGHWAY
    STUART,FL34997     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 5,000
    HUMAN RIGHTS WATCH
    350 FIFTH AVENUE 34TH FLOOR
    NEW YORK,NY10118     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 2,000
    EXETER SCHOOL
    20 MAIN STREET
    EXETER,NH03833     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 20,000
    INDIAN RIVER COUNTY VOLUNTEER AMBULANCE SQUAD
    PO BOX 2240
    VERO BEACH,FL32961     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    VNA HOSPICE FOUNDATION
    901 37TH STREET
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    WQCS 889
    3209 VIRGINIA AVENUE
    FT PIERCE,FL34981     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 6,000
    LONG ISLAND PINE BARRENS SOCIETY
    547 EAST MAIN STREET
    RIVERHEAD,NY11901     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    YMCA EAST HAMPTON REC CENTER
    2 GINGERBREAD LANE
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    HARVEST FOOD & OUTREACH CENTER
    2520 ORANGE AVENUE
    FORT PIERCE,FL34947     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    SALVATION ARMY
    2655 5TH STREET
    VERO BEACH,FL32962     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 2,000
    GUGGENHEIM MUSEUM
    1071 FIFTH AVENUE
    NEW YORK,NY10128     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,750
    SOUTH FLORIDA ORPHANS BASEBALL
    847 4TH LANE
    VERO BEACH,FL32962     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 5,000
    EAST END HOSPICE
    481 WESTHAMPTON-RIVERHEAD ROAD PO
    WESTHAMPTON BEACH,NY11978     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    HEIFER INTERNATIONAL
    1 WORLD AVENUE
    LITTLE ROCK,AK72203     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    VASCAR FOUNDATION
    C/O ETHEL MARRAN 271 JOHNS ISLAND D
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    BB&N SCHOOL
    80 GERRYS LANDING ROAD
    CAMBRIDGE,MA02138     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 36,000
    CRM-EMPOWERING LEADERS
    1240 N LAKEVIEW AVE SUITE 120
    ANAHEIM,CA92807     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 10,000
    FRICK MUSEUM
    1 EAST 70TH STREET
    NEW YORK,NY10021     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    UNICEF
    125 MAIDEN LANE 11TH FLOOR
    NEW YORK,NY10038     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    LVIS
    95 MAIN STREET
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    INDIAN RIVER LAND TRUST
    1904 12TH COURT
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    WHITNEY MUSEUM
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    HUMANE SOCIETY OF VERO BEACH
    6230 77TH STREEY
    VERO BEACH,FL32967     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    ST LUKES ROOSEVELT HOSPITAL
    555 W 57TH STREET 18TH FLOOR
    NEW YORK,NY10019     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    CULTURAL COUNCIL OF INDIAN RIVER COUNTY
    2036 14TH AVE 103
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 3,000
    VERO BEACH MUSEUM OF ART
    3001 RIVERSIDE PARK DRIVE
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 15,000
    FRESH AIR FUND
    633 THIRD AVENUE
    NEW YORK,NY10017     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    GUIDING EYES FOR THE BLIND
    611 GRANITE SPRINGS RD
    YORKTOWN HEIGHTS,NY10598     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    WOMEN IN NEED
    115 WEST 31ST STREET 7TH FLOOR
    NEW YORK,NY10001     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 2,000
    SPECIAL OLYMPICS OF FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    EAST HAMPTON HEALTH CARE FOUNDATION
    200 PANTIGO PLACE SUITE M
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 5,000
    RECORDING FOR THE BLIND
    20 ROSZEL ROAD
    PRINCETON,NJ08540     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    HOMELESS FAMILY CENTER
    720 4TH STREET
    VERO BEACH,FL32962     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 51,000
    ANIMAL RECUE FUND
    90 DANIELS HOLE ROAD
    WAINSCOTT,NY11975     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    MOLLY'S HOUSE
    430 SOUTHEAST OSCEOLA STREET
    STUART,FL34994     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 2,000
    WHEELCHAIR FOUNDATION
    3820 BLACKHAWK ROAD
    DANVILLE,CA94506     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    MCKEE BOTANICAL GARDEN
    350 US 1
    VERO BEACH,FL32962     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    VILLAGE PRESERVATION SOCIETY
    PO BOX 2015
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    TRYGVE LIE PLAZA FUND
    830 FIFTH AVENUE
    NEW YORK,NY10065     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    NATURE CONSERVANCY
    222 S WESTMONTE DRIVE SUITE 300
    ALTAMONTE SPRINGS,FL32714     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    EAST HAMPTON MEALS ON WHEELS
    33 NEWTON LN 205
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    OVARIAN CANCER RESEARCH FUND
    14 PENNSYLVANIA PLAZA SUITE 1400
    NEW YORK,NY10122     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    AMERICAN RED CROSS
    2750 S KANNER HIGHWAY
    STUART,FL34994     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 20,000
    FISTULA FOUNDATION
    1900 THE ALAMEDA SUITE 500
    SAN JOSE,CA95126     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    SAFE SPACES
    89-74 162ND STREET
    JAMAICA,NY11432     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    SOUTHAMPTON HOSPITAL
    240 MEETING HOUSE LANE
    SOUTHAMPTON,NY11968     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    DOLLARS FOR SCHOLARS
    333 17TH ST T
    VERO BEACH,FL32960     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    WNET
    825 EIGHTH AVENUE
    NEW YORK,NY10019     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    GLOBAL FUND FOR WOMEN
    222 SUTTER STREET SUITE 500
    SAN FRANCISCO,CA94108     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    TRAVIS THOFFELT CANCER FUND
    C/O ETHEL MARRAN 271 JOHNS ISLAND D
    VERO BEACH,FL32963     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 1,000
    ROSS SCHOOL
    18 GOODFRIEND DRIVE
    EAST HAMPTON,NY11937     		NONE PUBLIC CHARITY CHARITABLE CONTRIBUTION 35,000
    Total .................................bullet 3a 437,950
    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     14 2,552  
    4 Dividends and interest from securities....     14 180,913  
    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 -17,345  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a990PF REFUND     01 31,812  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   197,932  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13197,932
    (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
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    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 10,150 0 0 10,150

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    TY 2010 DepreciationSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Name of Bond End of Year Book Value End of Year Fair Market Value
    $40,000 BARCLAYS CAP 5/6/11 0 0
    $75,000 JPMC & CO 2/24/11 43,000 47,788
    $37,000 JPMC & CO 2/7/11 0 0
    $55,000 JPMC & CO 9/1/11 55,000 62,549
    $21,000 JPM 6M GLD CPN 4/20/10 0 0
    $52,000 MORGAN STANLEY 4/1/10 52,000 55,315
    $15,000 GS GOLD CPN 11/11/11 15,000 15,656
    $45,000 JPMC & CO 7/8/11 45,000 50,384
    $70,000 JPMC & CO 3/18/10 0 0
    $45,000 JPMC & CO 11/23/11 45,000 47,545
    $20,000 JPMC & CO 12/1/11 20,010 19,602
    $30,000 JPMC & CO 1/11/12 30,000 29,718
    $20,000 BARCLAYS CAP 11/24/10 0 0
    $25,000 BARCLAYS CAP 11/29/11 25,000 28,738
    $20,000 JPMC & CO 6/24/11 20,515 20,848
    $24,000 JPMC & CO 2/10/11 24,000 28,512
    $50,000 JPMC & CO 3/4/10 0 0
    $55,000 JPMC & CO 7/1/10 0 0
    $20,000 JPMC & CO 11/4/11 20,306 20,020
    $48,000 MORGAN STANLEY 0 0
    $75,000 HSBC BREN 6/16/10 0 0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3,800 SHS CISCO SYSTEMS INC 60,313 76,874
    400 SHS VISA INC 23,251 28,152
    627 SHS ISHARES S&P MIDCAP 400 47,715 56,863
    1,319 SHS ISHARES RSSELL MIDCP 110,861 134,208
    10,559 SHS JP MORGAN HY BD FD 67,788 86,059
    13,522 SHS JP MORGAN SHORT DUR 144,800 148,336
    1,272 SHS BANK OF AMERICA 65,771 16,968
    1,660 SHS NORTHERN TRUST CORP 60,964 91,981
    201 SHS HOSPIRA INC 3,384 11,194
    8,632 SHS THREADNEEDLE ASIA 98,969 122,141
    4,045 SHS KINDER MORGAN MGMT 98,416 290,527
    1,250 SHS HOME DEPOT 50,202 43,825
    2,500 SHS QUALCOMM INC 99,067 123,725
    2,010 SHS ABBOTT LABORATORIES 51,005 96,299
    97 SHS AMER INTL GROUP 52,934 5,589
    6,044 SHS CITIGROUP INC 102,409 28,588
    3,240 SHS GENERAL ELECTRIC CO 53,471 59,260
    3,114 SHS ARTISAN INTL VAL FD 73,715 84,410
    1,000 SHS MERCK & CO 64,800 36,040
    240 SHS MEDCOHEALTH SOLUTIONS 3,691 14,705
    3,180 SHS MEDTRONIC INC 52,793 117,946
    5,040 SHS MICROSOFT CORP 51,514 140,666
    22,586 SHS GS SMALL CAP EQ FD 605,054 891,929
    22,109 SHS GS INTL EQUITY 422,733 373,650
    5,156 SHS MATTHEWS PACIFIC 104,566 120,849
    1,200 SHS IBM 53,025 176,112
    7,212 SHS JP MORGAN STRATEGIC 82,827 85,323
    192,962 SHS GS HIGH YLD BD FD 1,700,142 1,408,623
    1,500 SHS AUTOMATIC DATA PROC 52,088 69,420
    800 SHS EL PASO ENERGY CAPITAL 38,784 31,008
    1,327 SHS DODGE & COX INTL 50,071 47,392
    800 SHS VORNADO REALTY TRUST 42,016 84,384
    5,000 SHS AUTODESK INC 48,355 191,000
    345 SHS THE TRAVELERS COS 6,954 19,220
    2,029 SHS VANGUARD EMERGING MK 93,384 97,688
    1,720 SHS EMERSON ELECTRIC CO 60,194 98,332
    480 SHS OMNICOM GROUP 19,889 21,984
    2,442 SHS YAHOO INC 36,696 40,610
    7,189 SHS JP MORGAN INTREPID 0 0
    6,796 SHS EATON VANCE MUT FDS 70,000 69,796
    9,370 SHS HIGHBRIDGE STATIST. 0 0
    6,490 SHS THORNBURG VALUE FUND 270,295 223,593
    1,851 SHS JP MORGAN ASIA EQUIT 0 0
    2,580 SHS ENBRIDGE ENERGY MGMT 98,081 177,184
    4,023 SHS BANK OF AMERICA CORP 53,701 135,634
    12,642 SHS JP MORGAN US LARGE 266,220 261,312
    375 SHS BROADRIDGE FINANCIAL 5,576 8,224
    1,000 SHS STANDARD & POORS DEP 139,174 125,750
    2,723 SHS JP MORGAN INTREPID 0 0
    308 SHS CHEVRON CORP 6,644 28,105
    7,604 SHS GS MID CAP VALUE 273,511 272,969
    4,563 SHS JP MORGAN US REAL ES 70,000 71,095
    2,262 SHS JP MORGAN RES MKT NE 35,000 34,932
    11,693 SHS GOLDMAN SACHS TRUST 82,462 85,362

    TY 2010 LandEtcSchedule2
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 OtherAssetsSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 3,414 2,530 2,530


    TY 2010 OtherExpensesSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 4,169 4,169 0 0
    MISCELLANEOUS EXPENSES 284 0 0 284


    TY 2010 OtherIncomeSchedule2
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EXCISE TAX REFUND 31,812 0 0


    TY 2010 OtherIncreasesSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Description Amount
    NONTAXABLE DIVIDENDS 182


    TY 2010 TaxesSchedule
    Name:
    ETHEL KENNEDY FOUNDATION
    EIN: 11-2768682
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES - 990PF 31,812 0 0 0
    FOREIGN TAXES 994 994 0 0