Shell Oil Company Foundation — Form 990PF, tax year 2010

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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
SHELL OIL COMPANY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)ONE SHELL PLAZA P O BOX 4749   Room/suite
City or town, state, and ZIP code
HOUSTON, TX772104749
A Employer identification number

13-6066583
B Telephone number (see page 10 of the instructions)

(713) 241-4065
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$103,523,859J 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) 981,961
2 Check bullet
3 Interest on savings and temporary cash investments 15,588 15,588  
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
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 9,388,680 9,388,680  
12 Total. Add lines 1 through 11........ 10,386,229 9,404,268  
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).......        
c Other professional fees (attach schedule).... Click to see attachment 574,595      
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 193,779 101,804    
19 Depreciation (attach schedule) and depletion... Click to see attachment 37,093 434  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,875 3,875    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 809,342 106,113   0
25 Contributions, gifts, grants paid........ 7,550,425 1,531,813
26 Total expenses and disbursements. Add lines 24 and 25 8,359,767 106,113   1,531,813
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,026,462
b Net investment income (if negative, enter -0-) 9,298,155
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.......... 5,503,939 5,254,581 5,254,581
3 Accounts receivable bullet3,980,010
Less: allowance for doubtful accounts bullet   1,275,353 3,980,010 3,980,010
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........... 42,037 45,064 45,064
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 164,820 Click to see attachment127,728 88,302,689
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,927,057 Click to see attachment5,941,515 Click to see attachment5,941,515
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,913,206 15,348,898 103,523,859
Liabilities 17 Accounts payable and accrued expenses..........   85,443
18 Grants payable................... 6,702,497 6,018,613
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) Click to see attachment94,462 Click to see attachment102,133
23 Total liabilities (add lines 17 through 22).......... 6,796,959 6,206,189
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 7,116,247 9,142,709
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,116,247 9,142,709
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 13,913,206 15,348,898
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 7,116,247
2 Enter amount from Part I, line 27a...................... 2 2,026,462
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 9,142,709
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 9,142,709
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.)
1a
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
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
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  
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 1,740,238 48,394,287 0.03596
2008 2,039,430 53,090,197 0.038414
2007 3,950,430 45,452,341 0.086914
2006 11,919,312 53,950,911 0.220929
2005 11,423,395 50,943,041 0.224239
2 Total of line 1, column (d) ...................... 2 0.606456
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 0.121291
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 94,834,004
5 Multiply line 4 by line 3....................... 5 11,502,511
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 92,982
7 Add lines 5 and 6......................... 7 11,595,493
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,531,813
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 1 185,963
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............................ 3 185,963
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- ..... 5 185,963
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 153,445
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 173,445
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 12,518
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment....................
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 changesClick to see attachment....
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.Click to see attachment
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)bulletCA, NY, TX
    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.Click to see attachment
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFRAZIER WILSON VICE PRESIDENT Telephone no.bullet (713) 241-3361
    Located atbulletONE SHELL PLAZA PO BOX 4749HOUSTONTX ZIP+4bullet772104749
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    W C LoweryClick to see attachment Director
    0.1     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    S P MethvinClick to see attachment Director
    0.1     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    M OdumClick to see attachment President
    0.1     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    M QuartemainClick to see attachment Director
    0.1     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    Lynn S BorgmeierClick to see attachment Secretary
    0.2     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    Ken KasneyClick to see attachment Assistant Treasurer
    2.0     		0 0 0
    910 Louisianna Street
    Houston,TX77002
    A M NolteClick to see attachment TREASURER
    2.0     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    Cindy DeereClick to see attachment Director
    0.1     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    Frazier WilsonClick to see attachment Vice President
    20.0     		0 0 0
    910 Louisiana Street
    Houston,TX77002
    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 SEE SCHEDULE OF CONTRIBUTIONS, GIFTS, GRANTS PAID 7,550,426
    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
    2,033,973
    b
    Average of monthly cash balances.......................
    1b
    5,941,515
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    88,302,689
    d
    Total (add lines 1a, b, and c).........................
    1d
    96,278,177
    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
    96,278,177
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    1,444,173
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    94,834,004
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    4,741,700
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,741,700
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    185,963
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    185,963
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,555,737
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    4,555,737
    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
    4,555,737
    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
    1,531,813
    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
    1,531,813
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,531,813
    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 4,555,737
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:2008, 2007, 2006 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 11,423,395
    b From 2006....... 11,919,312
    c From 2007....... 1,811,737
    d From 2008....... 397,677
    e From 2009....... 859,501
    fTotal of lines 3a through e......... 26,411,622
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,531,813
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		981,961
    d Applied to 2010 distributable amount..... 549,852
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 4,005,885 4,005,885
    (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 23,387,698
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		981,961
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		6,435,549
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		15,970,188
    10 Analysis of line 9:
    a Excess from 2006.... 11,919,312
    b Excess from 2007.... 1,811,737
    c Excess from 2008.... 397,677
    d Excess from 2009.... 859,501
    e Excess from 2010.... 981,961
    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).)
    NA
    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.
    NA
    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
    United Way of Baytown Area
    P O Box 425
    Baytown,TX775220425     		    Community Development 25,491
    SHELL MATCHING GIFTS - 2010
    P O BOX 4749
    HOUSTON,TX772104749     		    Community Development 1,506,322
    Total .................................bullet 3a 1,531,813
    bApproved for future payment
    United Way of Greater Los Angeles
    523 West Sixth Street
    Los Angeles,CA900141217     		    Community Development - United Way Donation 4,164
    UW of Greater Lafayette & Tippecanoe County Inc
    1114 State Street
    Suite 100
    Lafayette,IN47905     		    Community Development - United Way Donation 400
    United Way of Central New York
    PO Box 2129
    Syracurse,NY132202129     		    Community Development - United Way Donation 9,666
    United Way of Capital Area Inc
    843 North President St
    Jackson,MS39206     		    Community Development - United Way Donation 830
    United Way of New York City
    2 Park Avenue Floor 2
    New York,NY100165605     		    Community Development - United Way Donation 600
    United Way of South Mississippi Inc
    11975-C Seaway Rd
    Gulfport,MS39503     		    Community Development - United Way Donation 11,680
    United Way of Midland Inc
    1209 W Wall St
    Midland,TX79701     		    Community Development - United Way Donation 720
    United Way of Kern County Inc
    5405 Stockdale Hwy
    Suite 200
    Bakersfield,CA93309     		    Community Development - United Way Donation 15,624
    United Way of Ventura County
    1317 Del Norte Road Suite100
    Suite 200
    Camarillo,CA930108483     		    Community Development - United Way Donation 444
    United Way of Greater Cleveland
    1331 Euclid Avenue
    Cleveland,OH441151819     		    Community Development - United Way Donation 1,470
    United Way of Tuscon and Southern Arizona
    330 N Commerce Park Loop Ste 200
    Tuscon,AZ85745     		    Community Development - United Way Donation 240
    Unied Way of Allegheny County
    1250 Penn Ave P O Box 735
    Pittsburgh,PA152300735     		    Community Development - United Way Donation 1,320
    United Way of Whatcom County
    1511 Cornwall Avenue
    Bellingham,WA982254521     		    Community Development - United Way Donation 5,518
    United Way of Acadiana Inc
    215 E Pinhook Road
    Lafayette,LA70501     		    Community Development - United Way Donation 16,672
    United Way of Galveston
    POBox 2250
    Galveston,TX775532250     		    Community Development - United Way Donation 49,636
    United Way of Snohomish County
    3120 McDougall Ave Suite 200
    Everett,WA982014433     		    Community Development - United Way Donation 602
    United Way for South Louisiana
    Whitney Bank Bldg 7910 Main Stree
    Houma,LA70360     		    Community Development - United Way Donation 44,157
    United Way of ST Charles
    PO Box 157
    Luling,LA700700157     		    Community Development - United Way Donation 74,757
    United Way of San Diego County
    4699 Murphy Canyon Road
    San Diego,CA921235371     		    Community Development - United Way Donation 4,140
    United Way of South Jefferson County
    3747 Doctors Dr
    Port Arthur,TX776425555     		    Community Development - United Way Donation 115,881
    United Way of South Texas
    P O Box 187
    McAllen,TX785050187     		    Community Development - United Way Donation 6,077
    United Way of Greater Lehigh Valley
    2200 Avenue A Third Floor
    Bethlehem,PA180172189     		    Community Development - United Way Donation 600
    United Way for Jackson & George Counties
    3510 Magnolia St
    Pascagoula,MS395673113     		    Community Development - United Way Donation 3,930
    United Way of Greater St Louis Inc
    910 North 11th St
    St Louis,MO63101     		    Community Development - United Way Donation 4,068
    United Way of Bay Area
    221 Main St Suite 300
    San Francisco,CA94105     		    Community Development - United Way Donation 55,223
    United Way of California Capital Region
    8912 Volunteer Lane Suite 200
    Sacramento,CA958263224     		    Community Development - United Way Donation 720
    United Way of Southwest Alabama Inc
    P O Drawer 89
    Mobile,AL366010089     		    Community Development - United Way Donation 19,392
    United Way of Lincoln County
    230 S Whitworth Ave
    Brookhaven,MS39601     		    Community Development - United Way Donation 3,292
    Untied Way of Metropolitan Dallas Inc
    1800 N Lamar Street
    Dallas,TX75202     		    Community Development - United Way Donation 7,690
    United Way of Garfield County
    P O Box 1406
    Rifle,CO816502729     		    Community Development - United Way Donation 954
    United Way of Greater La Porte County
    800 Lincolnway Suite 200
    La Porte,IN463503439     		    Community Development - United Way Donation 5,473
    United Way for the Greater New Orleans Area
    2515 Canal Street
    New Orleans,LA701196435     		    Community Development - United Way Donation 474,917
    United Way Skagit County
    P O Box 451
    Burlington,WA982330451     		    Community Development - United Way Donation 90,743
    United Way Metropolitan Atlanta Inc
    100 Edgewood Avenue
    P O Box 2692
    Atlanta,GA303012692     		    Community Development - United Way Donation 2,164
    United Way of the DuPage Area
    P O Box 5317
    Oak Brook,IL60522     		    Community Development - United Way Donation 1,200
    United Way of Rhode Island
    229 Waterman Street
    Providence,RI029065212     		    Community Development - United Way Donation 48
    United Way of Bergen County
    6 Forest Avenue
    Paramus,NJ076525241     		    Community Development - United Way Donation 73
    United Way of Broward County
    1300 S Andrews Avenue
    Fort Lauderdale,FL333161838     		    Community Development - United Way Donation 610
    United Way of Manistee County
    30 Jones Street
    Manistee,MI496601436     		    Community Development - United Way Donation 240
    United Way of Central Carolinas
    301 S Brevard Street
    Charlotte,NC282922317     		    Community Development - United Way Donation 1,440
    United Way of Central Oklahoma
    1315 N Broadway Place
    Oklahoma City,OK731034817     		    Community Development - United Way Donation 432
    United Way of Charlotte County Inc
    17831 Murdock Circle Suite 4-B
    Port Charlotte,FL33948     		    Community Development - United Way Donation 120
    United Way of Chester County
    2 West Market Street
    Westchester,PA193823021     		    Community Development - United Way Donation 840
    United Way of Coastal Bend Inc
    711 N Carancahua St Suite 302
    Corpus Christi,TX784750080     		    Community Development - United Way Donation 4,530
    United Way of Gratiot County
    110 W Superior St
    Alma,MI488011643     		    Community Development - United Way Donation 840
    United Way of Greater Barbour County Inc
    P O Box 574
    Eufaula,AL360720574     		    Community Development - United Way Donation 150
    United Way of Greater Houston
    50 Waugh Drive
    Houston,TX77007     		    Community Development - United Way Donation 2,362,424
    United Way of Greater New Orleans Ara - Tangipahoa
    411 West Coleman
    Hammond,LA70403     		    Communtiy Development - United Way Donation 57,431
    United Way of King County
    720 2nd Avenue
    Suite 200
    Seattle,WA981041702     		    Community Development - United Way Donation 360
    United Way of Laredo Inc
    1815 E Hillside Road
    Laredo,TX780411711     		    Community Development - United Way Donation 940
    United Way of Leflore County Inc
    402 Hwy 82 W
    Greenwood,MS389306537     		    Community Development - United Way Donation 1,872
    United Way of Metropolitan Chicago
    560 West Lake Street
    Chicago,IL606611499     		    Community Development - United Way Donation 670
    United Way of Northeast Florida
    1301 Riverplace Blvd Suite 400
    Jacksonville,FL322079000     		    Community Development - United Way Donation 340
    United Way of Portage County Inc
    1100 Center Point Drive Suite 302
    Stevens Point,WI544812949     		    Community Development - United Way Donation 580
    United Way of Santa Barbara County Inc
    320 East Gutierrez Street
    Santa Barbara,CA93101     		    Community Development - United Way Donation 1,200
    United Way of Southeastern Michigan
    1212 Griswold Street
    Detroit,MI482261848     		    Community Development - United Way Donation 2,752
    United Way of Southwest Louisiana
    715 Ryan Street Room 102
    Lake Charles,LA706014242     		    Community Development - United Way Donation 27,743
    United Way of Spokane County
    P O Box 326
    Spokane,WA992100326     		    Community Development - United Way Donation 4,222
    United Way of the Mid South
    6775 Lenox Center Court Suite 200
    Memphis,TN381154429     		    Community Development - United Way Donation 4,440
    Heart Of Florida United Way
    1940 Traylor Blvd
    Orlando,FL328044714     		    Community Development - United Way Donation 720
    Mile High United Way
    2505 18th Street
    Denver,CO802113907     		    Community Development - United Way Donation 35,697
    Montgomery County United Way
    1600 Lake Front Circle Suite 248
    The Woodlands,TX773803635     		    Community Development - United Way Donation 140,038
    St John United Way
    P O Box 2019
    Reserve,LA700842019     		    Community Development - United Way Donation 25,758
    Lubbock Area United Way Inc
    1655 Main Street
    Lubbock,TX794013109     		    Community Development - United Way Donation 3,900
    Otsego County United Way
    116 E 5th Street
    Gaylord,MI49735     		    Community Development - United Way Donation 240
    United Way of Northwest Michigan
    521 S Union Street
    Traverse City,MI496840694     		    Community Development - United Way Donation 3,100
    United Way of Porter County Indiana Inc
    951 East Port Centre Drive
    Valparaiso,IN463842028     		    Community Development - United Way Donation 480
    Mainland Communities United Way
    922 14th Street North
    Texas City,TX775908910     		    Community Development - United Way Donation 8,796
    Orange County's United Way
    18012 Mitchell Avenue South
    Irvine,CA926146008     		    Communtiy Development - United Way Donation 860
    River Region United Way
    532 South Perry St
    Montgomery,AL361067485     		    Community Development - United Way Donation 1,128
    United Way Capital Area
    2000 Martin Luther King Jr Blvd
    Austin,TX787021340     		    Community Development - United Way Donation 6,711
    United Way of Baldwin County Inc
    P O Box 244
    Foley,AL365360244     		    Community Development - United Way Donation 7,651
    United Way of Cecil County
    P O Box 342
    Elkton,MD219220342     		    Community Development - United Way Donation 1,200
    United Way of Central Ohio
    360 S Third Street
    Columbus,OH432155412     		    Community Development - United Way Donation 1,348
    United Way of Greater Augusta Inc
    24 Idlewood Blvd Ste 102
    Staunton,VA244019303     		    Community Development - United Way Donation 502
    United Way of the Columbia-Willamette
    619 Southwest 11th Ave
    Portland,OR972052646     		    Community Development - United Way Donation 10
    United Way of Burlington County
    P O Box 226
    Rancocas,NJ080730226     		    Community Development - United Way Donation 1,008
    United Way of Salt Lake City
    175 South West Temple Ste 30
    Salt Lake City,UT841011424     		    Community Development - United Way Donation 1,227
    United Way of Greater Kansas City
    1080 Washington
    Kansas City,MO641052216     		    Community Development - United Way Donation 120
    United Way of Tampa Bay Inc
    5201 W Kennedy Blvd Ste 600
    Tampa,FL336091820     		    Community Development - United Way Donation 1,320
    United Way of Southeast Missouri Inc
    1858 Broadway
    Cape Girardeau,MO637014553     		    Community Development - United Way Donation 740
    United Way of Northwest Arkansas
    117 Parkwood St Ste 3
    Lowell,AR727458855     		    Community Development 1,608
    United Way of Okaloosa-Walton County Inc
    112 Tupelo Ave SE
    Fort Walton Beach,FL325485555     		    Community Development - United Way Donation 1,424
    Aloha United Way Inc
    200 N Vineyard Blvd Ste 700
    Honolulu,HI968173952     		    Community Development - United Way Donation 20
    United Way of Anchorage
    701 W 8th Ave Ste 230
    Anchorage,AK995013469     		    Communtiy Development - Untied Way Donation 274,490
    United Way of Brazoria County
    P O Box 1959
    Angleton,TX775161959     		    Community Development - United Way Donation 41,770
    United Way of Greater Lima Inc
    616 S Collett Street
    Lima,OH458053200     		    Community Development - United Way Donation 1,200
    United Way of Miami-Dade
    3250 SW 3rd Avenue
    Miami,FL331292712     		    Community Development - Untited Way Donation 72
    United Way of Southeast Arkansas
    P O Box 8702
    Pine Bluff,AR716118702     		    Community Development - United Way Donation 120
    United Way of Central and Northeastern Connecticut
    30 Laurel Street
    Hartford,CT061061361     		    Community Development - United Way Donation 480
    United Way of St Joseph County Inc
    3517 E Jefferson Blvd
    South Bend,IN46615     		    Community Development - United Way Donation 400
    United Way of Randolph County
    212 John Street
    Elkins,WY262413823     		    Community Development - United Way Donation 50
    Walker County United Way
    P O Box 321
    Huntsville,TX773420321     		    Community Development - United Way Donation 7,698
    United Way of the Pine Belt Region
    P O Box 2026
    Laurel,MS39442     		    Community Development - United Way Donation 2,478
    United Way of Delaware
    625 N Orange Street
    Wilmington,DE198012296     		    Community Development - United Way Donation 120
    United Way of Southwest Wyoming
    404 N Street Ste 301
    Rock Spring,WY82901     		    Community Development - United Way Donation 3,724
    SHELL MATCHING GIFTS - 2010
    P O BOX 4749
    HOUSTON,TX772104749     		    COMMUNITY DEVELOPMENT 1,670,172
    UW of Massachusetts Bay and Merrimack Valley
    51 Sleeper Street
    Boston,MA022101208     		    Community Development 389
    Person County United Fund Inc
    P O Box 854
    Roxboro,NC275730854     		    Community Development 600
    United Way of Haywood County Inc
    P O Box 1139
    Waynesville,NC287261139     		    Community Development 120
    United Way of Oconee County Inc
    409 E North 1st Street Suite A
    Seneca,SC296782768     		    Community Development 600
    The United Way of Lincoln County
    P O Box 234
    Lincolnton,NC280930234     		    Community Development 150
    United Way of the National Capital Area
    1725 I Street NW Suite 200
    Washington,DC20006     		    Community Development 2,400
    Capital Area United Way
    700 Laurel Street
    Baton Rouge,LA708025634     		    Community Development 256,712
    Total ..................................bullet 3b 6,018,612
    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 15,588  
    4 Dividends and interest from securities....          
    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          
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aROYALTY     15 9,388,680  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   9,404,268  
    13Total. Add line 12, columns (b), (d), and (e)...................
    139,404,268
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    SHELL OIL COMPANY FOUNDATION
     
    Employer identification number

    13-6066583
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    SHELL OIL COMPANY FOUNDATION
          		Employer identification number

    13-6066583
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    MOTIVA    
    P O Box 4749
       
    Houston, TX   772104749

    		$407,365




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    SHELL OIL COMPANY    
    P O BOX 4749
       
    HOUSTON, TX   772104749

    		$482,135




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    SHELL OIL COMPANY    
    P O BOX 4749
       
    HOUSTON, TX   772104749

    		$92,461




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    SHELL OIL COMPANY FOUNDATION
          		Employer identification number

    13-6066583
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 CONTRIBUTED CONSUMABLE - EMPLOYEE SERVS   $482,135 2010-07-01
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    SHELL OIL COMPANY FOUNDATION
          		Employer identification number

    13-6066583
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AllOthProgRltdInvestmentsSch
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Category Amount
    NONE  

    TY 2010 CompensationExplanation
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Person Name Explanation
    Cindy Deere ELECTED TO POSITION ON 07/21/2009.
    Frazier Wilson ELECTED TO POSITION IN JANUARY 2010.

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

    TY 2010 DepreciationSchedule
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    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 DistributionFromCorpusElection
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Election:
    ELECTION PURSUANT TO TREASURY REGULATIONS SECTION 53.4942(A)-3(C)(2)(IV) I, FRAZIER WILSON, AM THE VICE PRESIDENT OF SHELL OIL COMPANY FOUNDATION AND THE SHELL OIL COMPANY FOUNDATION ELECTS FOR 2010 PURSUANT TO THE TREASURY REGULATIONS SECTION 53.4942(A)-3(C)(2)(IV) TO TREAT AS A CURRENT DISTRIBUTION OUT OF CORPUS, THE AMOUNT LISTED BELOW, TO SATISFY THE DISTRIBUTION REQUIREMENTS UNDER INTERNAL REVENUE CODE SECTION 170(B)(1)(E)(II)AND TREASURY REGULATIONS SECTION 1.170(A)-9 (G) AND THE AMOUNT LISTED BELOW WAS TREATED AS CORPUS DISTRIBUTIONS UNDER TREASURY REGULATIONS SECTION 53.4942(A)-3(D)(1)(III) IN THE CALENDER YEAR DECEMBER 31, 2010. 2010 $981,961 PART XIII, 7A TOTAL $981,961 FRAZIER WILSON VICE PRESIDENT SHELL OIL COMPANY FOUNDATION

    TY 2010 InvestmentsOtherSchedule2
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ROYALTY INTEREST   127,728 88,302,689

    TY 2010 LandEtcSchedule2
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 OtherAssetsSchedule
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    US TREASURY BILLS      
    MONEY MARKET - RESTRICTED 6,927,057 5,941,515 5,941,515


    TY 2010 OtherExpensesSchedule
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSES 1,784 1,784    
    BANK CHARGES 2,091 2,091    


    TY 2010 OtherIncomeSchedule2
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Royalty Income from Donated Properties 9,388,680 9,388,680  


    TY 2010 OtherLiabilitiesSchedule
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Description Beginning of Year - Book Value End of Year - Book Value
    PROPERTY TAX PAYABLE 94,462 102,133


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BARBARA AUZENNE 3,452      
    HUONG HOANG 154,263      
    TERRY GARLAND 105,738      
    PATTY JUNKINS 58,027      
    DEBBIE SMITH 23,428      
    AMINISTRATIVE COSTS 92,461      
    FRAZIER WILSON 124,362      
    KEN KASNEY 12,864      


    TY 2010 SubstantialContributorsSch
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Name Address
    MOTIVA P O Box 4749
    Houston,TX772104749
    SHELL OIL COMPANY P O BOX 4749
    HOUSTON,TX772104749
    SHELL OIL COMPANY P O BOX 4749
    HOUSTON,TX772104749


    TY 2010 TaxesSchedule
    Name:
    SHELL OIL COMPANY FOUNDATION
    EIN: 13-6066583
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAID FROM EXCISE TAX ACCOUNT 91,975      
    PAID FROM PROPERTY TAX ACCOUNT 101,804 101,804