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
Judd Leighton Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)211 West Washington Avenue   Room/suite
City or town, state, and ZIP code
South Bend, IN46601
A Employer identification number

35-2120550
B Telephone number (see page 10 of the instructions)

(574) 232-5970
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$99,379,890J 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) 27,000
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 1,945,562 1,945,562 0
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,802,951
b Gross sales price for all assets on line 6a 20,696,340
7 Capital gain net income (from Part IV, line 2)... 1,802,951
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 -25,474 -25,474 0
12 Total. Add lines 1 through 11........ 3,750,039 3,723,039 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 415,041 207,521 0 207,520
14 Other employee salaries and wages...... 13,813 6,907 0 6,906
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 73,343 36,672 0 36,671
b Accounting fees (attach schedule)....... Click to see attachment 41,808 20,904 0 20,904
c Other professional fees (attach schedule).... Click to see attachment 695,680 695,680 0 0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,251 1,251 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 24,743 11,581 0 13,162
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,265,679 980,516 0 285,163
25 Contributions, gifts, grants paid........ 4,977,135 4,977,135
26 Total expenses and disbursements. Add lines 24 and 25 6,242,814 980,516 0 5,262,298
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,492,775
b Net investment income (if negative, enter -0-) 2,742,523
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............... 44 611,820 611,820
2 Savings and temporary cash investments.......... 3,106,299 10,657,652 10,657,652
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 19,605,173 3,910,324 3,910,324
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)........ 34,452,475 Click to see attachment35,649,702 37,687,995
c Investments—corporate bonds (attach schedule)........ 10,136,580 Click to see attachment13,799,435 14,551,960
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 24,553,725 Click to see attachment25,828,927 29,341,961
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,798,931 Click to see attachment0 Click to see attachment2,618,178
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 93,653,227 90,457,860 99,379,890
Liabilities 17 Accounts payable and accrued expenses.......... 0  
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 71,754,210 84,079,010
25 Temporarily restricted................ 21,899,017 6,378,850
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 93,653,227 90,457,860
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 93,653,227 90,457,860
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 93,653,227
2 Enter amount from Part I, line 27a...................... 2 -2,492,775
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 91,160,452
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 702,592
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 90,457,860
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 5000 AT&T INC   2010-05-21 2010-09-23
b 25000 APPLIED MATERIALS INC   2010-04-14 2010-09-23
c 51918.484 GOLDMAN SACHS ENHANCED INCOME INSTL   2010-10-11 2010-11-19
d 5400 ISHARES S&P GROWTH INDEX FD   2009-07-10 2010-04-14
e 15000 LOWES COMPANIES INC   2009-08-28 2010-05-19
5000 MONSANTO CO NEW DEL   2009-05-04 2010-03-04
35521.758 PIMCO TOTAL RETURN FUND INSTL   2010-07-12 2010-10-26
10000 PROSHARES SHORT S&P 500      
9600 PROSHS ULTRASHORT LEHMANULTRASHORT LEHMAN 7-10 YEAR TREASUR      
6000 RIO TINTO PLC SPON ADR FSPONSORED ADR 1 ADR REPS 1   2010-05-18 2010-05-20
5000 SECTOR SPDR ENGY SELECT SHARES OF BENEFICIAL INT   2009-08-05 2010-07-01
9000 SECTOR SPDR UTIL SELECT SHARES OF BENEFICIAL INT   2009-10-28 2010-07-01
11477.847 THIRD AVENUE VALUE FD   2010-07-12 2010-11-22
40000 AT&T INC NEW      
10000 BANK OF AMERICA CORP   2005-12-19 2010-10-25
10000 CHEVRON CORPORATION   2005-12-19 2010-09-23
110758.589 FIRST EAGLE OVERSEAS FUND CL A      
4800.7946 FRONTIER COMMUNICATIONS      
207039.337 GOLDMAN SACHS ENHANCED INCOME INSTL   2009-10-29 2010-11-19
2500 INTL BUSINESS MACHINES   2005-12-19 2010-02-11
15000 INTUIT INC   2009-08-28 2010-10-25
20000 JOHNSON & JOHNSON      
10000 JPMORGAN CHASE & CO   2005-12-19 2010-11-22
10000 MERCK & CO INC NEW   2005-12-19 2010-01-20
10000 PAYCHEX INC   2009-09-17 2010-09-23
45000 PFIZER INCORPORATED   2005-12-19 2010-11-23
50241.535 PIMCO TOTAL RETURN FUND INSTL      
16466.714 THIRD AVENUE VALUE FD INSTL   2009-08-26 2010-11-22
188819.485 VANGUARD GLOBAL EQUITY FUND INVESTOR SHARE      
25000 WELLS FARGO & CO NEW      
AQR MGD FUTURES STRAT FD CAPITAL GAIN DISTRIBUTION      
FIRST EAGLE OVERSEAS CAPITAL GAIN DISTRIBUTION      
MATTHEWS ASIAN GROWTH CAPITAL GAIN DISTRIBUTION      
PIMCO TOTAL RETURN FUND CAPITAL GAIN DISTRIBUTION      
PIMCO UNCONSTRSAINED BD CAPITAL GAIN DISTRIBUTION      
PRIMECAP ODYSSEY AGGR CAPITAL GAIN DISTRIBUTION      
VANGUARD GNMA FUND CAPITAL GAIN DISTRIBUTION      
(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 142,596   122,809 19,787
b 281,236   358,759 -77,523
c 499,451   500,000 -549
d 332,463   248,297 84,166
e 368,391   325,809 42,582
369,088   442,319 -73,231
414,173   400,000 14,173
526,284   652,181 -125,897
454,207   507,334 -53,127
238,920   269,874 -30,954
248,587   256,849 -8,262
252,715   259,148 -6,433
581,572   500,000 81,572
1,075,568   587,888 487,680
111,698   465,500 -353,802
791,983   572,800 219,183
2,449,980   2,125,000 324,980
35,855   36,874 -1,019
1,991,698   2,000,025 -8,327
309,754   207,813 101,941
711,653   425,213 286,440
1,273,436   1,231,000 42,436
383,285   397,000 -13,715
409,286   316,250 93,036
262,987   297,189 -34,202
750,885   1,110,825 -359,940
585,802   528,258 57,544
834,354   700,000 134,354
3,106,056   2,250,000 856,056
701,577   798,375 -96,798
4,932   0 4,932
22,887   0 22,887
16,404     16,404
36,441   0 36,441
283   0 283
109,611   0 109,611
10,242   0 10,242
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       19,787
b       -77,523
c       -549
d       84,166
e       42,582
      -73,231
      14,173
      -125,897
      -53,127
      -30,954
      -8,262
      -6,433
      81,572
      487,680
      -353,802
      219,183
      324,980
      -1,019
      -8,327
      101,941
      286,440
      42,436
      -13,715
      93,036
      -34,202
      -359,940
      57,544
      134,354
      856,056
      -96,798
      4,932
      22,887
      16,404
      36,441
      283
      109,611
      10,242
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 1,802,951
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 2,049,744 57,428,633 0.035692
2008 391,879 24,826,223 0.015785
2007 1,673,914 29,494,487 0.056753
2006 1,625,789 30,758,612 0.052856
2005 1,374,481 29,382,297 0.046779
2 Total of line 1, column (d) ...................... 2 0.207865
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 0.041573
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 76,254,539
5 Multiply line 4 by line 3....................... 5 3,170,130
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 27,425
7 Add lines 5 and 6......................... 7 3,197,555
8 Enter qualifying distributions from Part XII, line 4.............. 8 5,262,298
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 27,425
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 27,425
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 27,425
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 23,756
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 15,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,756
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,331
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet11,331 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)bulletIN
    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 addressbulletWWW.JUDDLEIGHTONFOUNDATION.ORG
    14
    The books are in care ofbulletCHARLES NELSON Telephone no.bullet (574) 232-5970
    Located atbullet211 W WASHINGTON AVENUE SUITE 240SOUTH BENDIN ZIP+4bullet46601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    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
    JAMES F KEENAN President/Treasurer
    12.0     		175,066 0 5,475
    211 West Washington Avenue
    South Bend,IN46601
    MARY STANFIELD Director
    1.0     		28,500 0 0
    211 West Washington Avenue
    South Bend,IN46601
    JOHN M PYCIK VICE PRESIDENT/SECRETARY
    1.0     		40,500 0 0
    211 West Washington Avenue
    South Bend,IN46601
    DONALD F WALTER DIRECTOR
    1.0     		40,500 0 0
    211 West Washington Avenue
    South Bend,IN46601
    CHARLES NELSON EXECUTIVE DIRECTOR
    40.0     		125,000 0 0
    211 West Washington Avenue
    South Bend,IN46601
    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
    Walter & Keenan Financial Consulting Financial Management 695,680
    211 W Washington Suite 2400
    SOUTH BEND,IN46601
    Ice Miller LLP Legal services 73,343
    One American Square Suite 2900
    INDIANAPOLIS,IN48282
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    72,839,379
    b
    Average of monthly cash balances.......................
    1b
    4,576,397
    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
    77,415,776
    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
    77,415,776
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    1,161,237
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    76,254,539
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    3,812,727
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,812,727
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    27,425
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,425
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,785,302
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    3,785,302
    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
    3,785,302
    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
    5,262,298
    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
    5,262,298
    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
    27,425
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    5,234,873
    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 3,785,302
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 1,046,216
    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$ 5,262,298
    a Applied to 2009, but not more than line 2a 1,046,216
    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..... 3,785,302
    e Remaining amount distributed out of corpus 430,780
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 430,780
    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 ..........     		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) ...........     		 
    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 ......     		430,780
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 0
    e Excess from 2010.... 430,780
    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:
    Charles Nelson
    211 W WASHINGTON AVE SUITE 2400
    SOUTH BEND,IN46601
    (574) 232-5970
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICANTS SHOULD REVIEW THE GRANT GUIDELINES FOUND ON THE FOUNDATION WEBSITE AT JUDDLEIGHTONFOUNDATION.ORG. PARTICULAR ATTENTION SHOULD BE PAID TO THE FOUNDATION'S PRIMARY FOCUS AREAS. APPLICANTS SHOULD CLEARLY STATE IN THEIR APPLICATION HOW THEIR PROPOSAL MEETS THE FOUNDATION'S OBJECTIVE TO IMPACT THE COMMUNITY AT LARGE IN THE THREE PRIMARY AREAS OF HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT. ALSO, ALL APPLICANTS ARE ENCOURAGED TO USE THE GRANT PROPOSAL FORM LOCATED ON THE WEBSITE. THIS FORM REQUESTS IMPORTANT ADDITIONAL INFORMATION WHICH IS HELPFUL IN CONSIDERATION OF EACH REQUEST.
    cAny submission deadlines:
    THE BOARD OF DIRECTORS MEETS QUARTERLY, USUALLY IN MARCH, JUNE, SEPTEMBER, AND DECEMBER AND REVIEWS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION'S ARTICLES OF INCORPORATION REQUIRE THAT AT LEAST 75% OF ALL AMOUNTS DISTRIBUTED IN ANY PERIOD BE FOR THE IMPROVEMENT OF QUALITY OF LIFE IN ST. JOSEPH COUNTY, INDIANA. OTHERWISE, THE FOUNDATION MAY MAKE GRANTS FOR ALL EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES AS DEFINED IN CODE SECTION 501(C)(3). THE FOUNDATION DOES NOT CURRENTLY AWARD SCHOLARSHIPS OR OTHERWISE MAKE GRANTS TO INDIVIDUALS.
    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
    UNIVERSITY OF NOTRE DAME
    300 MAIN BUILDING
    NOTRE DAME,IN46556     		NONE 509(a)(1) to support general operations and specific programs 80,000
    HANNAH'S HOUSE
    518 West Fourth StreeT
    Mishawaka,IN46544     		none 509(a)(1) to support general operations 30,000
    Logan Community Resources Inc
    2505 E Jefferson Blvd
    South Bend,IN46615     		NONE 509(a)(2) to support general operations 7,880
    Real Services
    1151 S Michigan Street
    South Bend,IN46601     		NONE 509(a)(1) to support general operations 25,000
    United Way of St Joseph County
    3517 E Jefferson Blvd
    South Bend,IN46615     		NONE 509(a)(1) to support the "people gotta eat" program 40,150
    South Bend Symphony Orchestra Association
    127 N Michigan Street
    South Bend,IN46601     		none 509(a)(2) to support general operations 12,200
    Center for Hospice and Palliative Care
    111 Sunnybrook Court
    South Bend,IN46637     		none 509(a)(2) to support general operations 2,300
    Holy Cross College
    54515 State Road 933 North
    Notre Dame,IN46556     		none 509(a)(1) to support the Brother Gilman Scholarship Fund 25,000
    Reins of Life Inc
    55200 Quince Road
    South Bend,IN46619     		none 509(a)(2) to support general operations 10,000
    MEMORIAL HEALTH FOUNDATION
    615 NORTH MICHIGAN STREET
    SOUTH BEND,IN46601     		none 509(a)(2) to support the heart and vascular center and neonatal intensive care unit 1,584,114
    Mayo Clinic
    200 First St SW
    Rochester,MN55905     		none 509(a)(1) to support the Leighton Cardiovascular Research Laboratories 1,000,000
    St Margaret's House
    117 N Lafayette Blvd
    South Bend,IN46601     		none 509(a)(1) to support general operations 51,000
    Salvation Army
    PO Box 566
    South Bend,IN46624     		none 509(A)(1) To support the St. Joseph County Kroc Community Center 100,000
    K21 Health Foundation
    2170 North Pointe Drive
    Warsaw,IN46518     		none 509(a)(1) to support general operations 15,000
    El Campito Inc
    1024 W Thomas Street
    South Bend,IN46601     		none 509(a)(1) to support general operations 7,000
    Michiana Mathtracks Inc
    127 North Michigan Street
    South Bend,IN46601     		none 509(a)(1) to support general operations 10,000
    The Public Education Foundation Inc
    PO Box 119
    South Bend,IN46624     		none 509(a)(1) to support general operations 50,000
    Women's Care Center Foundation
    360 N Notre Dame Avenue
    South Bend,IN46617     		None 509(a)(1) to support general operations 1,798,931
    Center for History
    808 West Washington Street
    South Bend,IN46601     		none 509(a)(1) to support general operations 9,552
    Ronald McDonald House Charities
    PO Box 1274
    South Bend,IN46628     		none 509(a)(1) to support general operations 2,008
    SAINT JOSEPH REGIONAL MEDICAL CENTER
    5215 Holy Cross Parkway
    MISHAWAKA,IN46545     		none 509(a)(3) to support general operations 1,000
    INDIANA UNIVERSITY SOUTH BEND
    1700 MISHAWAKA AVENUE
    SOUTH BEND,IN46615     		none 509(a)(1) to support general operations 10,000
    Blaine High School
    12555 University Avenue NE
    Blaine,MN55434     		none 509(a)(1) to support ASV/Chamber Choir 1,000
    Community Foundation of St Joseph County
    PO Box 837
    South Bend,IN46624     		none 509(a)(1) to support general operations 15,000
    Holy Cross Village at Notre Dame
    54515 State Road 933 North
    PO Box 303
    Notre Dame,IN465560303     		none 509(a)(2) to support general operations 50,000
    ST JOSEPH COUNTY BAR ASSOCIATION
    704 West Washington Street
    South Bend,IN46601     		none 501(c)(6) to support general operations 5,000
    The Children's Center of the First Presbyterian
    Church Inc
    333 W Colfax Ave
    South Bend,IN46601     		none 509(a)(1) to support general operations 25,000
    Marine Toys for Tots Foundation
    18251 Quantico Gateway Dr
    Triangle,VA22172     		none 509(a)(1) to support general operations 10,000
    Total .................................bullet 3a 4,977,135
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 1,945,562  
    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 1,802,951  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aNET LOSS FROM PASSTHROUGH ENTITIES   0 18 -25,474 0
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,723,039 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    133,723,039
    (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
    Judd Leighton Foundation Inc
     
    Employer identification number

    35-2120550
    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
    Judd Leighton Foundation Inc
          		Employer identification number

    35-2120550
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    Mary Stanfield    
    1324 Belmont Avenue
       
    South Bend, IN   46615

    		$27,000




    (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.)
    (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
    Judd Leighton Foundation Inc
          		Employer identification number

    35-2120550
    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
     
    		$    
    (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
    Judd Leighton Foundation Inc
          		Employer identification number

    35-2120550
    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 AccountingFeesSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 41,808 20,904 0 20,904

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

    TY 2010 DepreciationSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    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:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS 5.250% 04/01/13 249,774 268,546
    VANGUARD GNMA FUND ADMIRLA SHS 1,834,327 1,882,139
    LOOMIS SAYLES BOND CL 1 2,402,479 2,579,174
    PIMCO FOREIGN BOND FD 2,841,113 3,160,745
    PIMCO TOTAL RETURN FUND 2,221,742 2,336,776
    VANGUARD INFLATION PROTECTED 1,500,000 1,588,395
    DRIEHAUS ACTIVE INCM FD 1,000,000 987,491
    PIMCO EMRG MKTS BD FD 750,000 759,414
    PIMCO UNCONSTRAINED BD 1,000,000 989,280

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 773,000 863,000
    AT&T INC 0 0
    BANK OF AMERICA CORP 4,655,000 1,334,000
    BHP BILLITON LTD 513,629 696,900
    BP PLC 2,623,400 1,766,800
    CHEVRON CORP 716,000 1,140,625
    COLGATE-PALMOLIVE CO 565,648 1,607,400
    EXELON CORP 717,695 624,600
    EXXON MOBILE CORPORATION 1,327,151 2,376,400
    GENERAL ELECTRIC CO 2,149,507 1,829,000
    INT'L BUSINESS MACHINES 886,307 2,568,300
    INTEL CORP 984,426 1,051,500
    INTUIT INC 0 0
    INTUITIVE SURGICAL NEW 337,566 386,625
    JOHNSON & JOHNSON 2,174,997 3,092,500
    JP MORGAN CHASE 2,382,000 2,545,200
    LILLY ELI & CO 1,444,375 876,000
    LOWES COS INC 0 0
    MERCK & CO INC 948,750 1,081,200
    MONSANTO CO 0 0
    NORTHERN TRUST CORP 1,078,400 1,108,200
    PAYCHEX INC 0 0
    PEPSICO INC 727,475 783,960
    PFIZER INC 0 0
    PROCTER & GAMBLE 1,345,040 1,447,425
    STRYKER CORP 742,666 805,500
    VERIZON COMMUNCATIONS 1,192,048 1,431,200
    WALGREEN COMPANY 921,500 779,200
    WELLS FARGO & CO 818,422 1,239,600
    COMCAST CORP 733,509 878,800
    DIAGEO PLC 697,078 743,300
    FORD MOTOR COMPANY 714,009 839,500
    GENERAL DYNAMICS CORP 651,938 709,600
    GOLDMAN SACHS GROUP 528,301 588,560
    MICROSOFT CORP 1,066,585 1,116,400
    NOVARTIS A G SPON ADR 551,565 589,500
    UNITED TECHNOLOGIES CORP 681,715 787,200

    TY 2010 InvestmentsOtherSchedule2
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COLUMBIA ACORN INT'L FUND AT COST 2,007,926 2,915,028
    FIRST EAGLE OVERSEAS FUND A AT COST 2,449,980 2,504,447
    GOLDMAN SACHS ENHANCED INCOME AT COST 0 0
    GOLDMAN SACHS MORTG CREDIT OPP AT COST 1,000,000 714,599
    GOLDMAN SACHS VINTAGE FUND V AT COST 351,367 383,864
    GOLDMAN SACHS WEST ST PTNR II AT COST 1,061,704 1,019,222
    WHITEHALL ST INT'L REAL ESTATE AT COST 100,000 89,001
    GS COMMODITY OPPORTUNITIES FD AT COST 500,000 521,670
    GS EARLY SECONDARIES FUND AT COST 117,952 118,457
    HSBC USA, INC. ELEMENTS AT COST 529,759 488,519
    ISHARES S&P 500 GROWTH AT COST 0 0
    JP MORGAN HIGHBRIDGE STATISTIC AT COST 2,000,000 1,885,655
    KEELEY SMALL CAP VALUE FUND AT COST 1,325,718 2,161,119
    NANTUCKET FUND A CLASS 05/04 AT COST 2,133,911 2,020,043
    NANTUCKET FUND A CLASS 07/10   1,050,397 1,050,397
    OAKMARK INT'L SMALL CAP FUND AT COST 1,000,000 1,640,411
    PRIMCAP ODYSSEY AGGR GROWTH FD AT COST 2,400,000 3,418,852
    PROSHARES SHORT S&P 500 AT COST 0 0
    PROSHARES ULTRASHORT LEHMAN AT COST 0 0
    SECTOR SPDR ENGY SELECT AT COST 0 0
    SECTOR SPDR UTILITIES SELECT AT COST 0 0
    THIRD AVENUE REAL ESTATE AT COST 0 0
    THIRD AVENUE REAL ESTATE VALUE AT COST 700,000 830,396
    TIFF REALTY & RESOURCES 2008 AT COST 402,722 335,715
    VANGUARD GLOBAL EQUITY AT COST 0 0
    AQR MGD FUTURES SRAT FD AT COST 500,000 486,284
    FORWARD TACTICAL GROWTH FD AT COST 500,000 514,812
    MATTHEWS ASIAN GROWTH & INCOME AT COST 1,150,000 1,230,051
    OPPENHEIMER DEVELOPING MKTS AT COST 1,150,000 1,357,202
    ROYCE SPECIAL EQUITY FD AT COST 1,420,374 1,509,064
    FORD MOTOR CO WARRANTS AT COST 146,259 203,750
    POWERSHARES DB G10 CRNCY HRVST AT COST 239,303 237,400
    GS ANCHORAGE ILLIQUID OPPS ACC AT COST 648,565 738,752
    COMMONFUND CAP INTL PRTNS VI AT COST 401,871 420,758
    COMMONFUND PRVT EQTY PRTNS VII AT COST 341,856 338,819
    COMMONFUND CAP VNTR PTNS VIII AT COST 199,263 207,674

    TY 2010 LandEtcSchedule2
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 LegalFeesSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ICE MILLER 73,343 36,672 0 36,671


    TY 2010 OtherAssetsSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 0 0 149,652
    BENEFICIAL INTEREST IN CRTS 0 0 2,468,526
    100% INT SBCC HOLDINGS LLC 1,798,931 0 0


    TY 2010 OtherDecreasesSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Description Amount
    CHANGE IN CONTRIBUTIONS RECEIVABLE 667,849
    COST BASIS ADJUSTMENT 34,743


    TY 2010 OtherExpensesSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSES 21,150 10,575 0 10,575
    CHARITABLE EVENTS 1,581 0 0 1,581
    UTILITIES 2,012 1,006 0 1,006


    TY 2010 OtherIncomeSchedule2
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Net loss from passthrough entities -25,474 -25,474 0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WALTER & KEENAN CONSULTING 695,680 695,680 0 0


    TY 2010 TaxesSchedule
    Name:
    Judd Leighton Foundation Inc
    EIN: 35-2120550
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GOLDMAN SACHS VINTAGE FUND TAX 1,161 1,161 0 0
    FOREIGN TAX PAID 90 90 0 0