TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 08-01-2010 , and ending 07-31-2011

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

Amended returnAddress changeName change

Name of foundation
HAWKINS EDUCATIONAL FOUNDATION CO COMPASS

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 10566 - WMG TAX DEPT Room/suite

City or town, state, and ZIP code
BIRMINGHAM, AL35296

A Employer identification number

61-6320623

B Telephone number (see page 10 of the instructions)

(205) 297-6769

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$4,106,483J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	123,766		123,766
5a	Gross rents..............	7,803		7,803	7,803
b	Net rental income or (loss) 7,803
6a	Net gain or (loss) from sale of assets not on line 10		180,389
b	Gross sales price for all assets on line 6a 1,236,725
7	Capital gain net income (from Part IV, line 2)...			180,389
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	311,958		311,958	7,803
13	Compensation of officers, directors, trustees, etc.	71,654		71,654		17,062
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		2,950	2,950	0	0
c	Other professional fees (attach schedule)....		221	221		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		3,470			0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	10,294		0	0	10,294
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		3,461	2,701		750
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	92,050		77,526	0	28,106
25	Contributions, gifts, grants paid........	268,300				268,300
26	Total expenses and disbursements. Add lines 24 and 25	360,350		77,526	0	296,406
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-48,392
b	Net investment income (if negative, enter -0-)			234,432
c	Adjusted net income (if negative, enter -0-)...				7,803

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............		2,000	2,000
	2	Savings and temporary cash investments..........	58,642	18,448	18,448
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,008,826	955,800	1,029,312
	b	Investments—corporate stock (attach schedule)........	1,782,840	1,714,947	2,051,905
	c	Investments—corporate bonds (attach schedule)........	705,623	816,344	874,818
	11	Investments—land, buildings, and equipment: basis 60,000
		Less: accumulated depreciation (attach schedule)	60,000	60,000	130,000
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,615,931	3,567,539	4,106,483
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	3,615,931	3,567,539
	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)....................	3,615,931	3,567,539
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	3,615,931	3,567,539

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	3,615,931
2	Enter amount from Part I, line 27a......................	2	-48,392
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	3,567,539
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	3,567,539

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	89. ABB LTD SP ADR	2008-01-09	2011-04-08
b	203. ABM INDUSTRIES INC	2008-08-01	2011-01-06
c	77. ABM INDUSTRIES INC	2008-08-01	2011-02-09
d	24. AFLAC INCORPORATED	2011-01-06	2011-02-09
e	33. ATP OIL & GAS CORP	2010-06-04	2011-02-09
	38. AECOM TECHNOLOGY CORP.	2010-06-04	2011-02-09
	113. AECOM TECHNOLOGY CORP.	2010-06-04	2011-04-08
	31. AEGON N V ORD AMER REG	2009-01-14	2011-01-06
	54. AFFILIATED MANAGERS GROUP	2006-03-17	2011-01-06
	17. AGRIUM INC	2010-06-04	2011-04-08
	65. AGRIUM INC	2008-01-09	2011-04-08
	28. AKAMAI TECHNOLOGIES INC	2008-01-09	2011-01-06
	25. ALMOST FAMILY,INC	2010-06-04	2011-02-09
	174. ALTRIA GROUP INC	2009-02-17	2011-01-06
	54. ALTRIA GROUP INC	2009-02-17	2011-02-09
	11. AMERICAN REPROGRAPHICS COMPANY	2008-08-01	2011-01-06
	59. AMERISOURCEBERGEN	2008-01-09	2011-02-09
	19. AMTRUST FINANCIAL SERVICES,INC	2010-06-04	2011-02-09
	1. ANGLO AMERICAN PLC ADR	2011-01-06	2011-04-08
	136. ANGLO AMERICAN PLC ADR	2006-03-17	2011-04-08
	39. ANHEUSER BUSCH INBEV NV ADR	2011-01-06	2011-02-09
	14. ANHEUSER BUSCH INBEV NV ADR	2011-01-06	2011-02-16
	11. ANSYS INC	2005-11-21	2011-01-06
	73. APACHE CORPORATION	2005-11-28	2011-02-09
	12. APPLE COMPUTERS INCORPORATED	2007-06-05	2011-02-09
	9. APTARGROUP INC	2010-06-04	2011-01-06
	186. ARCELORMITTAL SA LUXEMBOURG	2010-06-04	2011-01-06
	162. ARES CAPITAL CORPORATION - CLSD END FD	2008-08-01	2011-01-06
	163. ARES CAPITAL CORPORATION - CLSD END FD	2008-08-01	2011-02-09
	21. ASTRAZENECA GROUP PLC - SP ADR	2009-01-14	2011-02-09
	121. ASTRAZENECA GROUP PLC - SP ADR	2009-01-14	2011-04-08
	104. ATHEROS COMMUNICATIONS, INC.	2011-01-06	2011-02-09
	36. ATLANTIC TELE-NETWORK INC	2010-06-04	2011-02-09
	23. ATLAS COPCO AB ADR	2010-06-04	2011-02-09
	194. ATLAS COPCO AB ADR	2010-06-04	2011-04-08
	22. ATWOOD OCEANICS INC	2007-08-14	2011-01-06
	18. ATWOOD OCEANICS INC	2007-08-14	2011-02-09
	24. AUTOZONE INC	2005-11-21	2011-01-06
	9. AUTOZONE INC	2005-11-21	2011-02-09
	6. AVIAT NETWORKS INC.	2009-05-27	2011-01-06
	1. AVIAT NETWORKS INC.	2009-05-27	2011-02-09
	19. AVON PRODS INC	2010-06-04	2011-02-09
	107. AVON PRODS INC	2010-06-04	2011-02-16
	173. AXA - SPONS ADR	2005-11-28	2011-01-06
	22. BASF AG - SP ADR	2011-01-06	2011-04-08
	19. BHP BILLITON PLC ADR	2011-01-06	2011-04-08
	64. BNP PARIBAS ADR	2011-02-09	2011-04-08
	187. BT GROUP PLC- ADR	2011-01-06	2011-04-08
	91. BALCHEM CORPORATION	2009-01-14	2011-02-09
	92. BANCO BRADESCO SA ADR	2011-01-06	2011-04-08
	109. BANKAMERICA CORP	2008-02-26	2011-02-09
	12. BANK OF THE OZARKS, INC.	2010-06-04	2011-02-09
	10. BANK OF THE OZARKS, INC.	2010-06-04	2011-02-16
	78. BANK OF NEW YORK MELLON CORP	2009-01-14	2011-01-06
	49. BARD C R INC	2009-01-14	2011-01-06
	15. BARD C R INC	2009-01-14	2011-02-09
	43. BARCLAYS PLC - SPONSORED ADR	2010-06-04	2011-01-06
	130. BARCLAYS PLC - SPONSORED ADR	2010-06-04	2011-04-08
	65. BAXTER INTL INC	2011-01-06	2011-02-09
	239. BAYERISCHE MOTOREN WERKE ADR(BMW)	2011-01-06	2011-04-08
	41. BE AEROSPACE INC	2010-06-04	2011-01-06
	53. BE AEROSPACE INC	2010-06-04	2011-02-09
	79. BECKMAN COULTER INC	2007-01-03	2011-07-18
	6. BIO-RAD LABORATORIES, INC	2009-02-17	2011-02-09
	67. BOC HONG KONG HOLDINGS LTD ADR	2010-06-04	2011-01-06
	31. BOC HONG KONG HOLDINGS LTD ADR	2010-06-04	2011-04-08
	133. BRINKER INTERNATIONAL INCORPORATED COMMON STOCK	2009-02-17	2011-01-06
	24. BRINKER INTERNATIONAL INCORPORATED COMMON STOCK	2009-02-17	2011-02-09
	165. BRITISH AMERICAN TOBACCO PLC ADR	2009-01-14	2011-04-08
	17. BROADCOM CORPORATION - CLASS A	2011-01-06	2011-02-09
	30. THE BUCKLE, INC.	2010-06-04	2011-02-09
	15. CNOOC LTD ADRS	2011-02-09	2011-04-08
	22. CSX CORPORATION	2006-10-16	2011-02-09
	29. CABOT OIL & GAS CORP	2010-06-04	2011-01-06
	108. CANON INC - ADR	2011-02-09	2011-04-08
	96. CARBO CERAMICS INC	2010-06-04	2011-01-06
	21. CARBO CERAMICS INC	2010-06-04	2011-02-09
	21. CATERPILLAR INCORPORATED	2011-01-06	2011-02-09
	22. CELGENE CORP	2010-06-04	2011-02-09
	22. CENTRAL EURO DIST	2010-06-04	2011-02-09
	92. CENTRAL EURO DIST	2010-06-04	2011-04-08
	116. CENTRICA PLC ADR	2011-01-06	2011-04-08
	5. CERNER CORPORATION	2007-06-05	2011-01-06
	12. CERNER CORPORATION	2007-06-05	2011-02-09
	58. CHEVRONTEXACO CORP	2005-11-21	2011-01-06
	31. CHEVRONTEXACO CORP	2005-11-21	2011-02-09
	110. CISCO SYSTEMS INCORPORATED	2007-06-05	2011-02-09
	79. CLARCOR INC	2008-08-01	2011-02-09
	74. CLOROX COMPANY	2009-02-17	2011-01-06
	36. COGNIZANT TECH	2008-01-09	2011-01-06
	20. COGNIZANT TECH	2008-01-09	2011-02-09
	200. COMPANHIA DE BEBIDAS - AMBEV ADR	2009-02-17	2011-02-09
	8. COMPASS MINERALS INTL, INC	2010-06-04	2011-02-09
	99. COMTECH TELECOMMUNICATIONS	2006-08-28	2011-01-06
	1. COMTECH TELECOMMUNICATIONS	2006-08-28	2011-02-09
	42. CONOCOPHILLIPS	2006-08-28	2011-02-09
	36. CONOCOPHILLIPS	2006-08-28	2011-04-08
	26. CONTANGO OIL & GAS COMPANY	2010-06-04	2011-02-09
	.9 CONTANGO ORE INC	2010-11-29	2011-01-03
	32. COVANCE INC	2009-01-14	2011-01-06
	37. COVANCE INC	2009-01-14	2011-02-09
	78. CUBIST PHARMACEUTICALS, INC.	2010-06-04	2011-02-09
	32. CUMMINS ENGINE COMPANY INC	2006-10-16	2011-01-06
	21. CUMMINS ENGINE COMPANY INC	2006-10-16	2011-02-09
	20. CURTISS WRIGHT CORPORATION	2010-06-04	2011-02-09
	25. DBS GROUP HOLDINGS ADR	2005-11-21	2011-02-09
	102. DBS GROUP HOLDINGS ADR	2005-11-21	2011-04-08
	5. DPL INC	2007-08-14	2011-01-06
	63. DARDEN RESTAURANTS INC	2006-10-16	2011-01-06
	5. DARDEN RESTAURANTS INC	2006-10-16	2011-02-09
	75. DECKERS OUTDOOR CORPORATION	2010-06-04	2011-01-06
	185. DELL INC	2005-11-28	2011-02-09
	16. DESARROLLADORA HOMEX S.A. DE ADR	2010-06-04	2011-02-09
	165. DESARROLLADORA HOMEX S.A. DE ADR	2010-06-04	2011-04-08
	42. DEUTSCHE TELEKOM AG-SP ADR	2009-01-14	2011-01-06
	6. DEUTSCHE TELEKOM AG-SP ADR	2009-01-14	2011-02-09
	55. DIAGEO PLC - ADR	2005-11-21	2011-01-06
	107. DIGITAL RIVER INC	2006-03-17	2011-01-06
	50. DIRECTV CLASS A	2009-01-14	2011-02-09
	18. DOLBY LABORATORIES INC CL A	2010-06-04	2011-02-09
	50. DOLBY LABORATORIES INC CL A	2010-06-04	2011-04-08
	16. DONNELLEY R R & SONS CO	2009-01-14	2011-01-06
	6. DONNELLEY R R & SONS CO	2009-01-14	2011-02-09
	1. DONNELLEY R R & SONS CO	2009-01-14	2011-02-16
	80. E.ON AG - ADR	2008-08-01	2011-01-06
	13. EASTMAN CHEMICAL COMPANY (SPUN-OFF FROM EASTMAN KODAK EFFECT-	2005-11-21	2011-02-09
	34. EATON VANCE CORP - NON VOTING SHS	2006-10-16	2011-01-06
	29. EBAY INC	2010-06-04	2011-02-09
	64. EBIX INC	2010-06-04	2011-01-06
	41. EBIX INC	2010-06-04	2011-02-09
	31. ECOLAB INCORPORATED	2008-01-09	2011-01-06
	100. ECOLAB INCORPORATED	2008-01-09	2011-04-08
	75. EMCOR GROUP INC	2010-06-04	2011-01-06
	49. EMCOR GROUP INC	2010-06-04	2011-02-09
	23. EMCOR GROUP INC	2010-06-04	2011-02-16
	32. EMERSON ELECTRIC COMPANY	2005-11-21	2011-02-09
	76. ENTERTAINMENT PROPERTIES TRUST - REIT	2008-08-01	2011-01-06
	37. ENTERTAINMENT PROPERTIES TRUST - REIT	2008-08-01	2011-02-09
	83. EQUIFAX INC	2011-01-06	2011-02-09
	40. ESTERLINE TECHNOLOGIES CORPORATION	2005-11-21	2011-02-09
	130. EXPRESS SCRIPTS INC	2008-02-26	2011-01-06
	40. EXPRESS SCRIPTS INC	2007-06-05	2011-02-09
	7. EXXON MOBIL CORP	2007-06-05	2011-01-06
	8. FLIR SYSTEMS INC	2007-06-05	2011-02-09
	29. FACTSET RESEARCH SYSTEMS INC	2009-01-21	2011-01-06
	8. FACTSET RESEARCH SYSTEMS INC	2009-01-21	2011-02-09
	16. FACTSET RESEARCH SYSTEMS INC	2009-01-21	2011-04-08
	50000. FHLMC NOTES 3.375% 8/18/14	2009-08-04	2010-08-18
	50000. FHLMC NOTES 5.500% 9/15/11	2007-06-07	2011-01-06
	50000. FNMA NOTES 2.000% 6/23/14	2010-06-08	2011-06-23
	85. FEDERATED INVESTORS INC	2009-02-17	2011-02-09
	17. FEDEX CORP	2011-01-06	2011-02-09
	100. FIRST CASH FINANCIAL SERVICES INC	2011-01-06	2011-02-09
	16. FIRST MIDWEST BANCORP INC	2009-01-14	2011-01-06
	14. FIRST NIAGARA FINANCIAL GROUP, INC.	2008-01-09	2011-02-09
	64. FIRSTSERVICE CORP	2006-10-16	2011-02-09
	41. FIRSTSERVICE CORP	2006-10-16	2011-04-08
	7. FLOWSERVE CORP	2010-06-04	2011-02-09
	142. FOCUS MEDIA HLDG ADR	2011-01-06	2011-04-08
	15. FOMENTO ECONOMICO MEXICANO SAB DE CV ADR	2005-11-21	2011-01-06
	93. FOMENTO ECONOMICO MEXICANO SAB DE CV ADR	2005-11-21	2011-04-08
	15. FORTUNE BRANDS INC	2005-11-28	2011-02-09
	12. FRANCE TELECOM SA ADR	2008-02-26	2011-01-06
	59. FREEPORT-MCM COPR GOLD	2009-01-14	2011-01-06
	31. FREEPORT-MCM COPR GOLD	2009-01-14	2011-02-16
	275. FUJIFILM HOLDINGS CORP - ADR	2010-06-04	2011-04-08
	13. FURIEX PHARMACEUTICALS INC.	2005-11-21	2011-01-06
	11. GATX CORP	2009-01-14	2011-01-06
	22. GATX CORP	2009-01-14	2011-02-09
	10. ARTHUR J GALLAGHER & CO	2008-08-01	2011-02-09
	62. GANNETT INCORPORATED	2009-02-17	2011-02-09
	2. GANNETT INCORPORATED	2009-02-17	2011-02-16
	175. GAP INC	2010-06-04	2011-01-06
	18. GAP INC	2010-06-04	2011-02-09
	6. GENERAL MILLS INCORPORATED	2005-11-21	2011-02-09
	29. GILDAN ACTIVEWEAR INC	2010-06-04	2011-02-09
	132. GLACIER BANCORP INC	2009-01-14	2011-02-09
	115. GLAXO WELLCOME PLC SPONSORED ADR	2009-02-17	2011-04-08
	34. GOLDMAN SACHS GROUP INC	2010-06-04	2011-01-06
	78. JOHN HANCOCK BK & THRIFT OPP FD - CLSD END FD	2009-02-17	2011-01-06
	46. JOHN HANCOCK BK & THRIFT OPP FD - CLSD END FD	2009-02-17	2011-02-16
	89. HARRIS CORP DEL	2009-02-17	2011-01-06
	1. HARSCO CORPORATION	2005-11-21	2011-01-06
	45. HARSCO CORPORATION	2005-11-21	2011-02-09
	25. HELIX ENERGY SOLUTIONS GROUP	2010-06-04	2011-01-06
	50. HELIX ENERGY SOLUTIONS GROUP	2010-06-04	2011-02-09
	99. HEWLETT PACKARD COMPANY	2007-08-14	2011-01-06
	1. HOME DEPOT INCORPORATED	2009-02-17	2011-02-09
	3. HOME DEPOT INCORPORATED	2009-02-17	2011-02-16
	115. HONDA MOTOR CO LTD SPONS ADR	2005-11-28	2011-01-06
	112. HONDA MOTOR CO LTD SPONS ADR	2005-11-28	2011-04-08
	28. HONEYWELL INTERNATIONAL INC	2005-11-21	2011-02-09
	48. HOUSTON WIRE & CABLE COMPANY	2010-06-04	2011-02-09
	122. HOUSTON WIRE & CABLE COMPANY	2010-06-04	2011-04-08
	7. HUBBELL INCORPORATED	2009-02-17	2011-02-09
	22. HUMANA INC	2009-01-14	2011-02-09
	18. ICF INTERNATIONAL, INC.	2010-06-04	2011-02-09
	13. ILLINOIS TOOL WKS INC	2007-06-05	2011-02-09
	514. INFINEON TECHNOLOGIES AG ADR	2011-02-09	2011-04-08
	9. INTEGRYS ENERGY GROUP INC	2007-08-14	2011-02-09
	26. INTEGRYS ENERGY GROUP INC	2007-08-14	2011-02-16
	149. INTERCONTINENTAL HOTELS GROUP ADR	2011-01-06	2011-04-08
	12. INTERNATIONAL BUSINESS MACHINES CORP	2007-06-05	2011-02-09
	1017. ISHARES MSCI EMERGING MARKETS	2005-11-21	2011-02-09
	273. ISHARES DJ US ENERGY SECTOR IDX	2011-01-06	2011-04-08
	54. J.P. MORGAN CHASE & CO	2005-11-21	2011-02-09
	29. JEFFERIES GROUP INC	2010-06-04	2011-01-06
	77. JOHNSON & JOHNSON	2008-02-26	2011-01-06
	12. JOY GLOBAL INC	2010-06-04	2011-02-09
	693. KEPPEL CORP LTD-SPONS ADR	2008-02-26	2011-04-08
	.1 KEPPEL CORP LTD-SPONS ADR	2008-02-26	2011-05-19
	75. LVMH MOET HENNESSY LOUIS VUITTON ADR	2011-01-06	2011-04-08
	3. LABORATORY CORP OF AMERICA HLDGS	2005-11-21	2011-01-06
	17. LABORATORY CORP OF AMERICA HLDGS	2005-11-21	2011-02-09
	52. LANDAUER, INC.	2008-08-01	2011-01-06
	27. LANDAUER, INC.	2008-08-01	2011-02-09
	.75 LIFE PARTNERS HOLDINGS INC	2010-06-04	2011-02-02
	99. LIFE PARTNERS HOLDINGS INC	2010-06-04	2011-02-09
	28. LINCOLN ELECTRIC HLDGS	2008-08-01	2011-04-08
	30. THE MACERICH COMPANY - REIT	2009-12-21	2011-01-06
	10. THE MACERICH COMPANY - REIT	2010-03-22	2011-04-08
	.5 MARATHON PETROLEUM CORPORATION	2005-11-28	2011-07-13
	15. MASCO CORPORATION	2008-08-01	2011-01-06
	53. MATTHEWS INTL CORP	2008-08-01	2011-01-06
	154. MATTHEWS INTL CORP	2008-08-01	2011-02-09
	9. MCDONALDS CORPORATION	2005-11-21	2011-01-06
	26. MCDONALDS CORPORATION	2005-11-21	2011-02-09
	47. MCGRATH RENTCORP	2008-08-01	2011-01-06
	311. MCGRATH RENTCORP	2008-08-01	2011-02-09
	9. MERCURY GENERAL CORPORATION	2009-01-14	2011-01-06
	2. METHANEX CORP	2008-01-09	2011-01-06
	124. MICROSOFT CORPORATION	2009-01-14	2011-02-09
	2. MITSUBISHI CORP ADR	2008-02-26	2011-01-06
	705. MITSUBISHI UFJ FINANCIAL ADR	2008-08-01	2011-01-06
	12. MITSUI & CO LTD ADR	2010-06-04	2011-01-06
	18. MITSUI & CO LTD ADR	2010-06-04	2011-04-08
	182. NATIONAL GRID GROUP, PLC ADR	2009-01-14	2011-01-06
	121. NATIONAL-OILWELL VARCO, INC.	2009-01-21	2011-01-06
	54. NESTLE S A SPONS ADR - REG SHS	2008-02-26	2011-01-06
	35. NESTLE S A SPONS ADR - REG SHS	2008-02-26	2011-02-16
	181. NESTLE S A SPONS ADR - REG SHS	2008-02-26	2011-04-08
	29. NEWFIELD EXPLORATION COMPANY	2008-02-26	2011-02-09
	6. NICOR INC	2005-11-28	2011-02-09
	114. NIDEC CORP ADR	2010-06-04	2011-01-06
	1. NIDEC CORP ADR	2010-06-04	2011-02-16
	82. NIKE INCORPORATED CLASS B	2009-01-14	2011-01-06
	27. NIKE INCORPORATED CLASS B	2009-01-14	2011-02-09
	70. NISSAN MOTOR CO LTD-SPON ADR	2010-06-04	2011-02-16
	277. NORTHGATE MINERALS CORP	2007-08-14	2011-04-08
	128. NOVARTIS AG - SPONSORED ADR	2009-02-17	2011-01-06
	165. NOVARTIS AG - SPONSORED ADR	2009-02-17	2011-04-08
	59. NUVASIVE INC	2010-06-04	2011-02-09
	21. OSI SYSTEM, INC.	2010-06-04	2011-02-09
	10. LUKOIL ADR	2010-06-04	2011-01-06
	31. LUKOIL ADR	2010-06-04	2011-04-08
	34. OIL STATES INTL INC	2006-03-17	2011-01-06
	15. OIL STATES INTL INC	2006-03-17	2011-02-09
	25. OIL STATES INTL INC	2006-03-17	2011-04-08
	13. OPEN TEXT CORPORATION	2010-06-04	2011-02-09
	15. ORIX ADR	2010-06-04	2011-02-16
	57. ORIX ADR	2010-06-04	2011-04-08
	47. OWENS & MINOR INC	2008-08-01	2011-04-08
	3. PNC BANK CORP	2005-11-21	2011-01-06
	9. PPG INDUSTRIES INCORPORATED	2009-01-14	2011-01-06
	22. PENN NATL GAMING INC	2010-06-04	2011-01-06
	24. PENN NATL GAMING INC	2010-06-04	2011-02-09
	44. PETROLEO BRASILEIRO S.A. ADR	2010-06-04	2011-02-09
	51. PETROLEO BRASILEIRO S.A. ADR	2010-06-04	2011-04-08
	128. PETROLEO BRASILEIRO S.A. ADR	2006-03-17	2011-04-08
	47. PHARMACEUTICAL PRODUCT DEVELOPMENT	2005-11-21	2011-01-06
	24. PHILIP MORRIS INTERNATIONAL, INC.	2005-11-21	2011-02-09
	5. PINNACLE WEST CAPITAL CORPORATION	2005-11-21	2011-02-09
	19. PIONEER NAT RES CO	2007-08-14	2011-01-06
	9. POLO RALPH LAUREN CORP	2011-01-06	2011-02-09
	22. PORTFOLIO RECOVERY ASSOC	2005-11-21	2011-01-06
	31. PORTFOLIO RECOVERY ASSOC	2005-11-21	2011-02-09
	17. PORTFOLIO RECOVERY ASSOC	2005-11-21	2011-04-08
	16. PRAXAIR INCORPORATED	2007-06-05	2011-02-09
	249. PRECISION DRILLING CORP	2011-02-09	2011-04-08
	2. PRICELINE.COM INC	2010-06-04	2011-02-09
	101. PROCTOR & GAMBLE COMPANY	2008-01-09	2011-01-06
	32. PROCTOR & GAMBLE COMPANY	2007-08-14	2011-02-09
	26. PROGRESSIVE CORPORATION	2010-06-04	2011-02-09
	41. PROTECTIVE LIFE CORPORATION	2007-08-14	2011-01-06
	72. PUBLIC SERVICE ENTERPRISE GROUP INC	2008-02-26	2011-02-09
	76. PULTE HOMES, INC. COMMON STOCK	2010-06-04	2011-02-09
	83. QUALCOMM INCORPORATED	2007-06-05	2011-01-06
	3. QUALCOMM INCORPORATED	2007-06-05	2011-02-09
	19. RLI CORP	2010-06-04	2011-02-09
	16. RPM INC	2005-11-28	2011-01-06
	76. RWE AKTIENGESELLSCHAF ADR	2005-11-21	2011-01-06
	22. RED HAT INC	2010-06-04	2011-02-09
	34. REPUBLIC SERVICES INC	2008-01-09	2011-01-06
	62. REPUBLIC SERVICES INC	2008-01-09	2011-02-09
	72. RIO TINTO PLC SPONS ADR	2010-06-04	2011-01-06
	106. ROCHE HOLDINGS LTD - SPONS ADR	2005-11-21	2011-02-09
	32. ROFIN-SINAR TECH	2010-06-04	2011-02-09
	31. ROFIN-SINAR TECH	2010-06-04	2011-02-16
	121. ROPER INDUSTRIES INC	2009-01-14	2011-01-06
	2. ROPER INDUSTRIES INC	2009-01-14	2011-02-09
	50. KONINKLIJKE KPN ADR	2007-02-28	2011-01-06
	253. KONINKLIJKE KPN ADR	2007-02-28	2011-04-08
	58. SM ENERGY COMPANY	2011-01-06	2011-02-09
	6. SANOFI ADR (EUR) ADR	2009-01-14	2011-01-06
	108. SANOFI ADR (EUR) ADR	2009-01-14	2011-04-08
	4. SCANA CORPORATION	2007-08-14	2011-01-06
	29. HENRY SCHEIN INC	2008-02-26	2011-02-09
	13. SCHLUMBERGER LIMITED	2007-08-14	2011-01-06
	19. CHARLES SCHWAB INCORPORATED NEW	2009-01-14	2011-01-06
	133. SCIENTIFIC GAMES CORP	2010-06-04	2011-01-06
	12. THE SCOTTS MIRACLE-GRO COMPANY	2008-02-26	2011-02-09
	10. SIEMENS AG ADR	2011-01-06	2011-02-09
	35. SIEMENS AG ADR	2011-01-06	2011-04-08
	115. SOCIETE GENERALE ADR	2011-01-06	2011-04-08
	69. SONY CORP - SPONS ADR	2011-02-09	2011-04-08
	4. SOUTHWESTERN ENERGY CO	2009-01-14	2011-01-06
	99. STAPLES INC.	2011-01-06	2011-02-09
	97. STATOIL ASA ADR	2007-10-10	2011-01-06
	157. STERLITE INDUSTRIES (INDIA) LTD. ADR	2010-06-04	2011-01-06
	15. STERLITE INDUSTRIES (INDIA) LTD. ADR	2010-06-04	2011-02-09
	97. SUFFOLK BANCORP	2010-06-04	2011-02-09
	25. SWISS REINSURANCE CO ADR	2010-06-04	2011-02-16
	55. SWISS REINSURANCE CO ADR	2010-06-04	2011-05-26
	70. SYNTEL, INC.	2008-08-01	2011-02-09
	23. TJX COMPANIES INC	2007-06-05	2011-04-08
	75000. TARGET CORP NOTES 6.350% 1/15/11	2006-05-17	2011-01-15
	492. TELECOMMUNICATION SYS INC	2010-06-04	2011-02-09
	156. TELEFONICA DE ESPANA - SPONSORED ADR	2008-01-09	2011-02-09
	86. TEMPUR-PEDIC INTERNATIONAL	2010-06-04	2011-02-09
	163. TENARIS SA ADR	2010-06-04	2011-01-06
	51. TEXAS INSTRUMENTS INCORPORATED	2009-01-14	2011-01-06
	45. TEXAS INSTRUMENTS INCORPORATED	2009-01-14	2011-02-09
	29. THERMO FISCHER SCIENTIFIC INC	2009-01-14	2011-02-09
	79. THOMPSON CREEK METALS CO INC	2010-06-04	2011-02-09
	429. THOMPSON CREEK METALS CO INC	2010-06-04	2011-04-08
	24. 3M CO	2011-01-06	2011-02-09
	41. 3M CO	2011-01-06	2011-02-16
	13. TIME WARNER CABLE INC.	2010-06-04	2011-02-09
	14. TOKIO MARINE HOLDINGS, INC. ADR	2009-01-14	2011-01-06
	183. TOKIO MARINE HOLDINGS, INC. ADR	2009-01-14	2011-04-08
	70. TOTAL FINA SA - SP ADR	2005-11-28	2011-04-08
	17. TRACTOR SUPPLY COMPANY	2010-06-04	2011-02-09
	105. TRIMBLE NAVIGATION LTD	2005-11-21	2011-01-06
	41. TURKCELL ILETISIM HIZMET ADR	2011-02-16	2011-04-08
	262. TURKCELL ILETISIM HIZMET ADR	2008-01-09	2011-04-08
	44. U.S. BANCORP	2005-11-28	2011-01-06
	60. U.S. BANCORP	2005-11-28	2011-02-09
	17. URS CORPORATION	2010-06-04	2011-02-09
	201. UNILEVER NV ADR	2005-11-28	2011-02-09
	6. UNION PACIFIC CORPORATION	2008-02-26	2011-01-06
	21. UNION PACIFIC CORPORATION	2008-02-26	2011-02-09
	3. UNISOURCE ENERGY CORP	2006-03-17	2011-01-06
	50000. US TREASURY NOTES 4.500% 11/15/10	2005-12-27	2010-10-06
	50000. US TREASURY NOTES 4.500% 11/15/10	2005-12-27	2010-11-15
	28. VALE SA CLASS A ADR	2010-06-04	2011-04-08
	190. VALE SA CLASS A ADR	2006-03-17	2011-04-08
	196. VALLEY NATL BANCORP	2010-06-04	2011-01-06
	7. VARIAN MEDICAL SYSTEMS INC	2010-06-04	2011-02-09
	611.623 VANGUARD SMALL CAP VALUE INDEX FD #860	2009-02-17	2011-02-09
	67.882 VANGUARD SMALL CAP VALUE INDEX FD #860	2009-02-17	2011-02-16
	9. VISA, INC.	2010-06-04	2011-02-09
	12. VIRTUS INVESTMENT PARTNERS INC	2011-02-09	2011-02-16
	75. VIVO PARTICIPACOES S.A. ADR (BRL)	2011-02-16	2011-04-08
	42. VOLVO AKTIEBOLAGET ADR	2010-06-04	2011-04-08
	4. VORNADO REALTY TRUST - REIT	2009-06-12	2011-02-16
	16. WMS INDUSTRIES INC	2010-06-04	2011-02-09
	1. WAL MART STORES INCORPORATED	2011-02-09	2011-02-16
	38. WAL MART STORES INCORPORATED	2005-11-21	2011-04-08
	18. WATSON PHARMACEUTICALS INC	2010-06-04	2011-02-09
	23. WELLS FARGO & COMPANY	2006-03-17	2011-01-06
	121. WESTERN DIGITAL CORP	2010-06-04	2011-01-06
	168. XILINX INC	2010-06-04	2011-01-06
	28. YUM! BRANDS INC	2006-10-16	2011-02-09
	3. ACCENTURE PLC	2007-06-05	2011-01-06
	23. ACCENTURE PLC	2007-06-05	2011-02-09
	77. CENTRAL EUROPEAN MEDIA ENT-A	2010-06-04	2011-01-06
	16. MONTPELIER RE HOLDINGS LTD	2006-10-16	2011-01-06
	74. MONTPELIER RE HOLDINGS LTD	2006-10-16	2011-02-09
	159. UBS AG	2011-01-06	2011-04-08

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,183	2,306	-123
b	5,345	4,933	412
c	2,029	1,871	158
d	1,372	1,343	29
e	587	309	278
	1,086	942	144
	3,061	2,801	260
	194	176	18
	5,386	5,594	-208
	1,567	890	677
	5,993	4,333	1,660
	1,356	812	544
	893	925	-32
	4,264	2,727	1,537
	1,300	846	454
	86	183	-97
	2,159	1,344	815
	358	245	113
	27	26	1
	3,686	2,716	970
	2,190	2,230	-40
	769	800	-31
	587	235	352
	8,452	4,939	3,513
	4,286	1,468	2,818
	427	351	76
	6,701	5,168	1,533
	2,687	1,796	891
	2,760	1,845	915
	1,025	830	195
	5,853	4,785	1,068
	4,629	4,640	-11
	1,406	1,551	-145
	500	296	204
	4,690	2,496	2,194
	780	770	10
	768	630	138
	6,002	2,133	3,869
	2,362	800	1,562
	31	32	-1
	6	5	1
	550	493	57
	3,031	2,774	257
	3,013	5,246	-2,233
	2,023	1,659	364
	1,603	1,480	123
	2,518	2,511	7
	5,867	5,383	484
	3,072	1,388	1,684
	1,909	1,855	54
	1,573	5,340	-3,767
	515	417	98
	430	348	82
	2,438	1,855	583
	4,510	4,097	413
	1,411	1,254	157
	740	718	22
	2,528	2,172	356
	3,235	3,284	-49
	6,686	6,222	464
	1,614	1,050	564
	2,017	1,357	660
	6,597	4,774	1,823
	652	382	270
	4,773	2,922	1,851
	2,014	1,352	662
	2,873	1,474	1,399
	581	266	315
	13,611	8,360	5,251
	742	764	-22
	1,126	996	130
	3,987	2,873	1,114
	1,555	778	777
	1,082	1,028	54
	4,600	4,598	2
	9,484	6,736	2,748
	2,486	1,474	1,012
	2,090	1,971	119
	1,110	1,141	-31
	504	551	-47
	1,035	2,302	-1,267
	2,417	2,413	4
	472	282	190
	1,159	677	482
	5,255	3,403	1,852
	2,980	1,819	1,161
	2,417	3,007	-590
	3,456	3,048	408
	4,611	3,708	903
	2,718	1,103	1,615
	1,486	613	873
	5,205	1,683	3,522
	748	589	159
	2,805	3,072	-267
	28	31	-3
	2,958	2,761	197
	2,902	2,337	565
	1,506	1,356	150
	10	1	9
	1,616	1,309	307
	2,001	1,514	487
	1,723	1,716	7
	3,558	1,097	2,461
	2,338	720	1,618
	711	633	78
	1,168	953	215
	4,756	3,887	869
	128	134	-6
	2,930	2,726	204
	245	216	29
	5,934	3,656	2,278
	2,559	5,613	-3,054
	498	400	98
	4,705	4,122	583
	530	568	-38
	82	81	1
	4,164	3,222	942
	3,864	4,397	-533
	2,168	1,048	1,120
	971	1,188	-217
	2,538	3,301	-763
	281	189	92
	112	71	41
	19	12	7
	2,376	5,028	-2,652
	1,198	717	481
	1,018	1,021	-3
	928	653	275
	1,574	950	624
	1,000	608	392
	1,532	1,546	-14
	5,149	4,987	162
	2,165	1,818	347
	1,563	1,187	376
	733	557	176
	1,943	1,160	783
	3,450	3,874	-424
	1,726	1,928	-202
	3,017	3,009	8
	2,841	1,630	1,211
	7,424	4,136	3,288
	2,276	1,010	1,266
	526	482	44
	255	168	87
	2,738	1,193	1,545
	827	329	498
	1,675	658	1,017
	50,000	50,000
	51,777	50,335	1,442
	50,000	50,000
	2,275	1,760	515
	1,549	1,587	-38
	3,359	3,243	116
	197	236	-39
	203	148	55
	1,861	1,328	533
	1,643	851	792
	906	623	283
	4,512	3,258	1,254
	840	341	499
	5,605	2,115	3,490
	919	1,183	-264
	251	415	-164
	6,875	1,375	5,500
	1,713	361	1,352
	8,204	8,023	181
	189	161	28
	378	312	66
	770	623	147
	300	251	49
	1,051	254	797
	34	8	26
	3,620	3,678	-58
	382	378	4
	215	143	72
	912	878	34
	1,855	1,911	-56
	4,590	3,862	728
	5,861	4,908	953
	1,376	752	624
	825	471	354
	4,129	3,649	480
	30	33	-3
	1,541	1,486	55
	300	255	45
	602	509	93
	4,441	4,708	-267
	37	20	17
	113	60	53
	4,492	3,305	1,187
	3,875	3,174	701
	1,603	1,023	580
	678	580	98
	1,800	1,473	327
	450	208	242
	1,282	725	557
	423	392	31
	711	673	38
	5,358	5,163	195
	438	446	-8
	1,283	1,288	-5
	3,145	3,048	97
	1,978	1,275	703
	46,179	28,623	17,556
	12,456	10,635	1,821
	2,423	2,048	375
	773	650	123
	4,855	4,665	190
	1,100	624	476
	13,905	7,482	6,423
	2	1	1
	2,392	2,382	10
	270	153	117
	1,542	869	673
	3,086	3,325	-239
	1,574	1,727	-153
	11	12	-1
	812	1,611	-799
	2,140	2,250	-110
	1,398	1	1,397
	475	10	465
	20	12	8
	204	249	-45
	1,839	2,655	-816
	5,474	7,716	-2,242
	670	297	373
	1,969	859	1,110
	1,205	1,352	-147
	7,985	8,945	-960
	385	383	2
	58	49	9
	3,476	3,342	134
	113	125	-12
	3,712	6,141	-2,429
	4,084	3,153	931
	6,267	4,729	1,538
	8,282	8,450	-168
	7,810	5,558	2,252
	2,994	2,480	514
	1,902	1,607	295
	10,533	5,744	4,789
	2,046	1,564	482
	309	244	65
	2,933	2,687	246
	23	24	-1
	6,876	3,852	3,024
	2,354	1,268	1,086
	1,467	993	474
	752	874	-122
	7,402	6,519	883
	9,178	6,901	2,277
	1,707	2,269	-562
	803	544	259
	587	507	80
	2,261	1,572	689
	2,088	1,160	928
	1,030	512	518
	1,941	853	1,088
	757	526	231
	848	561	287
	2,551	2,130	421
	1,543	1,421	122
	187	194	-7
	753	365	388
	741	568	173
	887	620	267
	1,404	1,395	9
	1,828	1,617	211
	4,587	2,611	1,976
	1,270	1,384	-114
	1,427	914	513
	207	210	-3
	1,668	805	863
	1,132	975	157
	1,672	845	827
	2,359	1,191	1,168
	1,420	653	767
	1,517	1,118	399
	3,734	2,658	1,076
	902	362	540
	6,516	7,369	-853
	2,052	2,046	6
	522	501	21
	1,181	1,702	-521
	2,365	3,346	-981
	586	753	-167
	4,365	3,489	876
	168	126	42
	1,067	1,033	34
	356	299	57
	5,069	5,100	-31
	976	637	339
	1,010	1,019	-9
	1,878	1,858	20
	4,947	3,168	1,779
	3,874	3,909	-35
	1,197	756	441
	1,237	732	505
	9,147	4,913	4,234
	164	81	83
	733	774	-41
	4,259	3,918	341
	3,613	3,429	184
	196	192	4
	3,938	3,460	478
	161	153	8
	1,910	1,727	183
	1,047	1,180	-133
	339	289	50
	1,367	1,443	-76
	635	453	182
	1,287	1,174	113
	4,864	4,109	755
	1,570	1,270	300
	2,106	2,422	-316
	151	112	39
	2,196	2,321	-125
	2,260	3,099	-839
	2,489	2,079	410
	210	199	11
	2,032	2,963	-931
	1,450	992	458
	3,146	2,182	964
	4,065	2,273	1,792
	1,165	656	509
	75,000	77,685	-2,685
	2,113	2,512	-399
	3,962	5,190	-1,228
	3,975	2,641	1,334
	7,702	5,799	1,903
	1,692	732	960
	1,577	646	931
	1,641	1,061	580
	1,068	710	358
	5,729	3,854	1,875
	2,173	2,066	107
	3,793	3,529	264
	902	701	201
	415	333	82
	4,918	4,354	564
	4,346	4,346
	901	551	350
	4,222	1,611	2,611
	623	658	-35
	3,978	6,515	-2,537
	1,149	1,360	-211
	1,680	1,855	-175
	767	752	15
	5,993	4,507	1,486
	555	386	169
	2,008	1,350	658
	107	93	14
	50,229	50,412	-183
	50,000	50,412	-412
	846	621	225
	5,741	1,909	3,832
	2,798	2,723	75
	480	352	128
	10,159	5,119	5,040
	1,151	568	583
	659	654	5
	685	680	5
	3,030	2,422	608
	740	440	300
	356	3	353
	696	714	-18
	55	56	-1
	2,000	1,884	116
	996	790	206
	740	749	-9
	3,951	4,207	-256
	5,034	4,226	808
	1,380	814	566
	145	125	20
	1,206	961	245
	1,610	1,808	-198
	319	314	5
	1,511	1,453	58
	2,961	2,680	281

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			-123
b			412
c			158
d			29
e			278
			144
			260
			18
			-208
			677
			1,660
			544
			-32
			1,537
			454
			-97
			815
			113
			1
			970
			-40
			-31
			352
			3,513
			2,818
			76
			1,533
			891
			915
			195
			1,068
			-11
			-145
			204
			2,194
			10
			138
			3,869
			1,562
			-1
			1
			57
			257
			-2,233
			364
			123
			7
			484
			1,684
			54
			-3,767
			98
			82
			583
			413
			157
			22
			356
			-49
			464
			564
			660
			1,823
			270
			1,851
			662
			1,399
			315
			5,251
			-22
			130
			1,114
			777
			54
			2
			2,748
			1,012
			119
			-31
			-47
			-1,267
			4
			190
			482
			1,852
			1,161
			-590
			408
			903
			1,615
			873
			3,522
			159
			-267
			-3
			197
			565
			150
			9
			307
			487
			7
			2,461
			1,618
			78
			215
			869
			-6
			204
			29
			2,278
			-3,054
			98
			583
			-38
			1
			942
			-533
			1,120
			-217
			-763
			92
			41
			7
			-2,652
			481
			-3
			275
			624
			392
			-14
			162
			347
			376
			176
			783
			-424
			-202
			8
			1,211
			3,288
			1,266
			44
			87
			1,545
			498
			1,017

			1,442

			515
			-38
			116
			-39
			55
			533
			792
			283
			1,254
			499
			3,490
			-264
			-164
			5,500
			1,352
			181
			28
			66
			147
			49
			797
			26
			-58
			4
			72
			34
			-56
			728
			953
			624
			354
			480
			-3
			55
			45
			93
			-267
			17
			53
			1,187
			701
			580
			98
			327
			242
			557
			31
			38
			195
			-8
			-5
			97
			703
			17,556
			1,821
			375
			123
			190
			476
			6,423
			1
			10
			117
			673
			-239
			-153
			-1
			-799
			-110
			1,397
			465
			8
			-45
			-816
			-2,242
			373
			1,110
			-147
			-960
			2
			9
			134
			-12
			-2,429
			931
			1,538
			-168
			2,252
			514
			295
			4,789
			482
			65
			246
			-1
			3,024
			1,086
			474
			-122
			883
			2,277
			-562
			259
			80
			689
			928
			518
			1,088
			231
			287
			421
			122
			-7
			388
			173
			267
			9
			211
			1,976
			-114
			513
			-3
			863
			157
			827
			1,168
			767
			399
			1,076
			540
			-853
			6
			21
			-521
			-981
			-167
			876
			42
			34
			57
			-31
			339
			-9
			20
			1,779
			-35
			441
			505
			4,234
			83
			-41
			341
			184
			4
			478
			8
			183
			-133
			50
			-76
			182
			113
			755
			300
			-316
			39
			-125
			-839
			410
			11
			-931
			458
			964
			1,792
			509
			-2,685
			-399
			-1,228
			1,334
			1,903
			960
			931
			580
			358
			1,875
			107
			264
			201
			82
			564

			350
			2,611
			-35
			-2,537
			-211
			-175
			15
			1,486
			169
			658
			14
			-183
			-412
			225
			3,832
			75
			128
			5,040
			583
			5
			5
			608
			300
			353
			-18
			-1
			116
			206
			-9
			-256
			808
			566
			20
			245
			-198
			5
			58
			281

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	180,389
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	258,120	3,843,244	0.067162
2008	336,317	3,516,493	0.09564
2007	270,778	4,234,890	0.06394
2006	243,316	4,164,935	0.05842
2005	155,335	3,806,504	0.040808

2	Total of line 1, column (d) ......................	2	0.32597
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	0.065194
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	4,035,719
5	Multiply line 4 by line 3.......................	5	263,104
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,344
7	Add lines 5 and 6.........................	7	265,448
8	Enter qualifying distributions from Part XII, line 4..............	8	296,406
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,344
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	2,344
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,344
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	2,376
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,376
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	32
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax32	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

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

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

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

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

Yes

Website address bullet

www.hawkinsscholarship.com

The books are in care of bullet

COMPASS BANK Telephone no. bullet

(205) 297-6769

Located at bullet

15TH SOUTH 20TH STREETBIRMINGHAMAL ZIP+4 bullet

35233

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

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

At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2010?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2010.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Michael P Elder	Comm Mbr 20	0
702 West Laurel Avenue Foley,AL36535	Comm Mbr 20	0
Wendy Pierce	Comm Mbr 20	0
140 South Section Street Fairhope,AL36532	Comm Mbr 20	0
Dr Barbara Broome	Comm Mbr 20	0
8 South Summit Street Fairhope,AL365322520	Comm Mbr 20	0
Dr Joyce Woodburn	Chairman 20	0
1091 B Avenue Loxley,AL36551	Chairman 20	0
Compass Bank	Trustee 20	71,654
PO Box 10566 Birmingham,AL35296	Trustee 20	71,654
Otis French	Comm Mbr 20	0
41261 State Hwy 225 Bay Minette,AL36507	Comm Mbr 20	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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)

Page 7

Part IX-B

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

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


2


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

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

Part X

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

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

purposes:

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

4,097,177

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

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

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

4,097,177

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

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

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

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

4,097,177

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

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

61,458

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

4,035,719

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

201,786

Part XI

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

and do not complete this part.)

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

201,786

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

2,344

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

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

2,344

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

199,442

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

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

199,442

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

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

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

199,442

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

296,406

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

296,406

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

2,344

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

294,062

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7					199,442
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				202,806
b Total for prior years:2008, 20, 20			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	0
b From 2006.......	0
c From 2007.......	0
d From 2008.......	0
e From 2009.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2010 from Part
XII, line 4: $ 296,406
a Applied to 2009, but not more than line 2a				202,806
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2010 distributable amount.....					93,600
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2010.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			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......			0
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 ..........					105,842
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) ...........		0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2006....	0
b Excess from 2007....	0
c Excess from 2008....	0
d Excess from 2009....	0
e Excess from 2010....	0

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total

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).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number of the person to whom applications should be addressed:

COMPASS BANK - WEALTH MANAGEMENT GR
ATTN ROBIN FOSTER PO BOX 10566
BIRMINGHAM,AL35296
(205) 297-6769

bThe form in which applications should be submitted and information and materials they should include:

APPLICATION AVAILABLE ON THE WEBSITE, HAWKINSSCHOLARSHIP.COM

cAny submission deadlines:

MARCH 1, 2012

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE ATTACHED FOOTNOTE

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
LAURA BLACKMON ROMANS UNIVERSITY OF ALABAMA 106 STUDENT SRVCS CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	2,000
WENDY WONG UNIVERSITY OF ALABAMA 106 STUDENT SRVCS CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	4,000
REBEKAH DEARBORN UNIVERSITY OF MOBILE 5735 COLLEGE PARKWAY MOBILE,AL366132842	NONE	N/A	SCHOLARSHIP	4,000
STACEY BRANTLEY UNIVERSITY OF ALABAMA 106 STUDENT SRVCS CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	2,000
CORY DUKE UNIVERSITY OF MONTEVALLO STATION 6065 MONTEVALLO,AL35115	NONE	N/A	SCHOLARSHIP	2,000
THOMAS A HUGHES JR UNIV OF SOUTH ALABAMA 307 UNIVERSITY BLVD MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	4,000
ASHLYN R YURATICH AUBURN UNIVERSITY 203 MARY MARTIN HALL AUBURN,AL368495119	NONE	N/A	SCHOLARSHIP	4,000
JOSHUA C BILON UNIV OF SOUTH ALABAMA MEISLER HALL SUITE 1200 MOBILE,AL366880001	NONE	N/A	SCHOLARSHIP	4,000
KIRSTIE N SKINNER SPRING HILL COLLEGE 4000 DAUPHIN STREET MOBILE,AL366081791	NONE	N/A	SCHOLARSHIP	4,000
SARAH MYER AUBURN UNIVERSITY 203 MARY MARTIN HALL AUBURN,AL368495119	NONE	N/A	SCHOLARSHIP	4,000
JUSTIN REEVES UNIVERSITY OF ALABAMA 106 STUDENT SERVICE CTR TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	2,000
HEATHER LYNN DAVIS UNIV OF SOUTH ALABAMA MEISLER HALL SUITE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	2,500
PAUL MERLE MORGAN UNIVERSITY OF ALABAMA BOX 870162 TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	2,500
CODY LCOLEMAN UNIV OF SOUTH ALABAMA MESLER HALL SUITE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	5,000
JERALD J CROOK AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	7,500
VICTORIA L MCMULLEN UNIVERSITY OF SOUTH ALABAMA MEISLER HALL SUITE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	2,500
CARTER O BRIDGES II AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	2,000
ASHLEIGH DODD UNIVERSITY OF ALABAMA BOX 870134 TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	5,000
JORDAN M HULLETT AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	7,500
AARON WHITLEY AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	2,500
AVERY D CURTIS AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	5,000
DENISE KUCERA UNIVERSITY OF SOUTH ALABAMA MEISLER HALL STE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	2,500
MAEGHAN WAITE UNIVERSITY OF SOUTH ALABAMA MEISLER HALL STE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	5,000
COURTNEY R MONTEIRO UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	7,500
BRIAN LAZZARI AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	5,000
KIRSTEN O STUART UNIVERSITY OF SOUTH ALABAMA MEISLER HALL SUITE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	5,000
ANDREW PETROVICS UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	2,500
DEMETRIAL L WINSTON SPRINGHILL COLLEGE 4000 DAUPHIN STREET MOBILE,AL366081791	NONE	N/A	SCHOLARSHIP	5,000
HANNAH LEIGH BRANCHEAU UAB 1530 3RD AVE SO HUC 317 BIRMINGHAM,AL352941150	NONE	N/A	SCHOLARSHIP	5,000
OTIS G FRENCH JR ALABAMA A & M UNIVERISTY PO BOX 908 NORMAL,AL35762	NONE	N/A	SCHOLARSHIP	5,000
JEREMY CHASE CULVER RHODES COLLEGE 2000 NORTH PARKWAY MEMPHIS,TN38112	NONE	N/A	SCHOLARSHIP	5,000
MATTHEW COOPER UNIVERSITY OF SOUTH ALABAMA MEISLER HALL SUITE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	2,500
LINDSEY DAVIS NEW YORK UNIVERSITY 665 BROADWAY 11TH FLOOR NEW YORK,NY100122339	NONE	N/A	SCHOLARSHIP	2,500
DAVID J ROBINETTE UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	5,000
LINDSEY STRADER UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	5,000
ALEXANDRIA THOMAS AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	7,500
ASHLEY SWAFFORD UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	5,000
MEAGAN CAMILLE MCRAE CONCORDIA UNIVERSITY 12800 N LAKE SHORE DRIVE MCQUON,WI530972402	NONE	N/A	SCHOLARSHIP	7,500
BRANDON EARLS FAULKNER STATE COMMUNITY COLLEGE 1900 HWY 31 SOUTH BAY MINETTE,AL36507	NONE	N/A	SCHOLARSHIP	5,000
PAIGE M HENDERSON UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL354870134	NONE	N/A	SCHOLARSHIP	5,000
BRANDI TUCKER UNIV OF SOUTHERN MISS 118 COLLEGE DRIVE 5133 HATTIESBURG,MS394060001	NONE	N/A	SCHOLARSHIP	7,500
CHRYSANTHEMUM NORMAN UNIVERSITY OF MOBILE 5735 COLLEGE PARKWAY MOBILE,AL366132842	NONE	N/A	SCHOLARSHIP	5,000
DAVID DUBOIS UNIVERSITY OF MONTEVALLO STATION 6050 MONTEVALLO,AL35115	NONE	N/A	SCHOLARSHIP	7,500
ZACHARY WILSON AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	5,000
DANIEL DEARBORN UNIVERSITY OF MOBILE 5735 COLLEGE PARKWAY MOBILE,AL366132842	NONE	N/A	SCHOLARSHIP	5,500
DAVID STRADER UNIVERSITY OF ALABAMA BOX 870162 TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	4,000
ANNA LEE UNIVERSITY OF ALABAMA BOX 870162 TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	4,000
EMILY BRETT MERCER UNIVERSITY 1400 COLEMAN AVENUE MACON,GA312070001	NONE	N/A	SCHOLARSHIP	4,000
MITZI BRETT MERCER UNIVERSITY 1400 COLEMAN AVENUE MACON,GA312070001	NONE	N/A	SCHOLARSHIP	4,000
ALYSSA ROBERSON UNIVERSITY OF ALABAMA BOX 870162 TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	2,000
KATHERINE SEALE UNIVERSITY OF SOUTH ALABAMA MEISIER HALL STE 1200 MOBILE,AL366880002	NONE	N/A	SCHOLARSHIP	4,000
JOEL STEPHEN LANGHAM SEWANEE THE UNIV OF THE SOUTH 735 UNIVERSITY AVENUE SEWANEE,TN37383	NONE	N/A	SCHOLARSHIP	6,000
JORDAN CRADDOCK AUBURN UNIVERSITY 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	6,000
RYAN ROBERT YOUNG UNIV OF MAINE 5781 WINGATE HALL ORONO,ME04469	NONE	N/A	SCHOLARSHIP	6,000
REBECCA GRABER UAB 1530 3RD AVE SO HUC 318 BIRMINGHAM,AL35294	NONE	N/A	SCHOLARSHIP	6,000
SALLY ALTMYER AUBURN UNIV 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	6,000
MARY CAROLINE HOWARD BRIGHAM YOUNG UNIV A-41 ABRAHAM SMOOT BLDG PROVO,UT84602	NONE	N/A	SCHOLARSHIP	1,700
LINDSAY BROOKE BROWN UNIV OF SOUTH ALABAMA MEISLER HALL SUITE 1200 MOBILE,AL36688	NONE	N/A	SCHOLARSHIP	1,700
TAYLOR A PLANKERS UNIV OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	1,700
CHRISTOPHER HILL NORTHWESTERN OKLA STATE 709 OKLAHOMA BLVD ALVA,OK73717	NONE	N/A	SCHOLARSHIP	1,700
DUSTIN ALAN STEGALL UNIV OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	1,700
KIMBERLY LYNN GLANDING UNIV OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	1,700
RICHARD L LEDSON UNIV OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA,AL35487	NONE	N/A	SCHOLARSHIP	1,700
RACHEL LYNN FROLIX FAULKNER STATE COMMUNITY COLLEGE 1900 HWY 31 SOUTH BAY MINETTE,AL36507	NONE	N/A	SCHOLARSHIP	1,700
CHANDLER LEGAULT AUBURN UNIV 115 QUAD CENTER AUBURN,AL36849	NONE	N/A	SCHOLARSHIP	1,700
Total ................................. 3a				268,300

bApproved for future payment

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

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....				0	123,766
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property					7,803
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory				0	180,389
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				0	311,958

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

13311,958

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)
4	INCOME FROM INVESTMENT ACTIVITY IS TO BE USED FOR THE
6	BENEFIT OF AND USE OF ANY CORPORATION OR ORGANIZATION
8	FORMED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC
8	LITERARY OR EDUCATIONAL PURPOSES AS DESCRIBED IN SECTION
8	501 (C) (3) AND SECTION 170 (C) (2) OF THE IRC AS AMENDED.

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	2,950	2,950

Name of Bond	End of Year Book Value	End of Year Fair Market Value
TARGET CORP NTS 6.350% 1/15/11
GE CO NOTES 5% 2/1/13	100,267	106,012
PITNEY BOWES INC 5% 3/15/15	99,550	108,740
BANK OF AMERICA 5.75% 8/15/16	101,041	105,720
BERKSHIRE HATHAWAY 4.85% 1/15/	126,468	139,170
UPS INC 4.5% 1/15/13	102,308	105,931
JOHNSON & JOHNSON 5.55% 8/15/1	98,304	118,594
COCA COLA CO 1.500% 11/15/15	49,885	50,232
LOWES CO INC 2.125%	73,342	75,965
FIDELITY ADVISOR FLOATING RATE	65,179	64,454

- TIN:

TY 2010 InvestmentsCorpStockSchedule

Name:

HAWKINS EDUCATIONAL FOUNDATION CO COMPASS

EIN: 61-6320623

Name of Stock	End of Year Book Value	End of Year Fair Market Value
LANDAUER INC	2,302	2,032
AFFILIATED MANAGERS GROUP
ALLSTATE CORP	4,330	2,190
ALTRIA GROUP INC	3,260	5,470
ANSYS INC	1,728	4,099
APACHE CORPORATION	6,517	10,640
AT&T INC	8,142	8,954
AUTOZONE INC	2,133	6,851
BANK OF AMERICA CORP	19,595	3,884
BANK OF NEW YORK COMPANY INC
BOSTON PROPERTIES INC	2,901	4,294
CHEVRON CORP	6,745	12,066
CONOCO PHILLIPS	6,599	7,487
DELL INC
DIGITAL RIVER INC
DOVER CORP	8,379	16,387
DPL INC
EASTMAN CHEMICAL COMPANY	3,086	5,409
EMERSON ELECTRIC COMPANY	3,843	5,204
ESTERLINE TECH CORP	2,242	4,200
FEDEX CORP	3,827	3,562
FIRST HORIZON NATL CORP	1
FORTUNE BRANDS INC	4,688	4,215
GAP INC
GENERAL ELECTRIC COMPANY	9,045	6,125
GENERAL MILLS INC
HARSCO CORP	2,641	2,193
HOME DEPOT INC
HONEYWELL INTERNATIONAL	4,018	5,841
HOST HOTELS & RESORTS INC	6	95
INGERSOLL-RAND CO	3,008	3,031
INTEL CORPORATION	15,541	14,090
JOHNSON & JOHNSON
JP MORGAN & CHASE & CO	8,473	9,020
LABORATORY CORP OF AMERICA	3,119	5,536
MACERICH COMPANY
MARATHON OIL CORP	5,419	7,340
MASCO CORP
MCDONALD'S CORP	2,974	7,783
NICOR INC
OIL STATES INTL INC	683	1,614
PHARMACEUTICAL PRODUCT DEV	3,504	3,431
PINNACLE WEST CAPITAL
PNC FINANCIAL SERVICES
PORTFOLIO RECOVERY ASSOC	2,343	4,937
PPG INDUSTRIES INC
PUBLIC SERVICE ENTERPRISE	6,365	6,255
ROFIN-SINAR TECH	1,039	1,381
RPM INC
SIMON PROPERTY GROUP	2	241
STRAYER EDUCATION INC	2,363	1,581
SCOTTS MIRACLE -GRO COMPANY
TRIMBLE NAVIGATION LTD	15	36
UNILEVER NV	5,839	5,911
UNISOURCE
UNITED TECHNOLOGIES CORP	4,357	6,130
WALMART STORES INC	7,503	7,907
WELLS FARGO COMPANY
ANGLO AMERICAN
AXA - SPONS ADR	8,052	6,582
BANCO SANTANDER CNTL	1,432	1,114
BARCLAYS PLC SPONSORED ADR	1,370	1,194
DBS GROUP HOLDINGLS	2,298	3,096
DIAGEO PLC	5,651	5,849
FOMENTO ECONOMICO MEXICANO ADR
HONDA MOTOR CO LTD	509	676
KEPPEL CORP LTD SPONS ADR	14	18
MITSIBUSHI CORP ADR
NESTLE SA SPONS ADR	552	765
NOVARTIS AG - ADR
ORIX ADR	523	759
PETROLEO BRASILEIRO	222	215
RIO TINTO PLC SPONS ADR	5,079	4,969
ROCHE HOLDINGS LTD	6,038	7,309
RWE AKTIENGESELLSCHAF ADR
TOTAL FINA SA - SP ADR
VANGUARD DEV MKTS INDEX FD	7,531	9,571
VANGUARD INDEX VALUE PORTFOLIO	8,527	13,564
VANGUARD SMALL CAP INDEX	2,840	5,500
JOHN HANCOCK BK	1,065	1,633
VORNADO REALTY	1	94
ACCENTURE LTD-CL A	2,675	3,785
AMERICAN TOWER CORP	5,864	8,037
APPLE INC	5,081	14,057
AUTODESK INC	4,703	4,025
BARD C.R. INC.	3,094	3,651
BECKMAN COULTER INC
BIO-REFERENCE LABS INC	1,715	2,931
CERNER CORP	2,426	5,718
CISCO SYSTEMS INC	3,991	2,332
COMTECH TELECOMMUNICATIONS
CORNING INC	4,435	3,596
COVANCE INC	5,728	8,015
CSX CORP	3,183	6,634
CUMMINS ENGINE COMPANY INC	3,392	10,383
D R HORTON INC	7,270	4,966
DARDEN RESTAURANTS INC	4,121	4,928
EATON VANCE CORP	3,543	3,165
EBAY INC	6,157	8,024
EXPRESS SCRIPTS INC	4,585	9,658
FIRST SERVICE CORP-VTG	1,826	3,185
FLIR SYSTEMS INC
GRACO INC	5,474	5,887
HALLIBURTON COMPANY	5,553	6,239
HARRIS CORP	4,059	3,947
HENRY SCHEIN INC	4,816	5,981
ILLINOIS TOOL WORKS INC
INTERNATIONAL BUSINESS MACHINE	5,189	8,547
INTL GAME TECHNOLOGY	5,109	2,287
INTL RECTIFIER CORP	3,532	2,286
JACOBS ENGINEERING GROUP	4,698	3,092
MICROSOFT CORPORATION	7,701	10,987
MONTPELIER RE HOLDINGS	2,788	2,451
NATIONAL OILWELL VARCO
PEPSICO	5,093	4,803
PRAXAIR INC	4,128	6,115
PROCTOR & GAMBLE COMPANY	8,411	8,117
QUALCOMM INC
RAYMOND JAMES FINANCIAL	3,347	3,335
TEXAS INSTRUMENTS	2,741	5,682
TJX COMPANIES INC	3,167	6,138
URS CORPORATION	3,762	3,471
YUM! BRANDS INC	3,432	6,233
KONINKLIJKE KPN ADR	4,970	3,889
VANGUARD GROWTH INDEX FD	5,804	10,037
VANGUARD MID CAP INDEX FD	7,488	7,415
ABB LTD ADR	5,647	5,219
AGRIUM INC	1,624	2,709
AKAMAI TECHNOLOGIES	3,538	2,955
AMERISOURCEBERGEN	5,127	8,313
ATWOOD OCEANICS INC	1,681	2,242
BEST BUY COMPANY INC	4,849	2,926
CAMERON INTL CORP	4,692	6,601
CHESAPEAKE ENERGY CORP	4,703	3,469
COGNIZANT TECH	2,727	6,218
ECOLAB INC
FIRST NIAGRA FINANCIAL
FRANCE TELECOM SA ADR
FREEPORT-MCMORAN COPPER & GOLD	1,923	8,738
GENERAL DYNAMICS CORP	4,651	3,816
GOOGLE INC	6,414	7,848
HEWLETT PACKARD COMPANY
INTERGRYS ENERGY GROUP	3,888	3,916
INTUIT INC	5,027	8,219
METHANEX CORP
NEWFIELD EXPLORATION CO	6,018	7,753
NORTHGATE MINERALS CORP	1,824	1,861
PHILIP MORRIS INTL INC	2,551	4,768
PIONEER NATURAL RESOURCES CO	2,753	6,044
PROTECTIVE LIFE CORP
REPUBLIC SERVICES INC	6,093	6,241
SCANA CORP
SCHLUMBERGER LTD	4,813	5,513
T. ROWE PRICE GROUP INC	4,818	5,339
TELEFONICA DE ESPANA	5,745	4,866
TURKCELL ILETISIMHIZMET ADR
U.S. BANCORP	4,578	3,909
UNION PACIFIC CORP	3,997	7,379
ISHARES EMERGING MARKETS INDEX	127,112	188,157
BALCHEM CORPORATION	3,431	9,848
BIO-RAD LABORATORIES INC	1,975	3,379
CLARCOR INC	5,131	5,860
MATTHEWS INTL CORP
VALE SA	1,020	1,358
TRANSOCEAN LTD	7,597	5,725
SOUTHWESTERN ENERGY CO
DANAHER CORP	3,047	3,732
HUBBELL INC
REGAL-BELOIT CORP	1,669	3,213
ROPER INDUSTRIES INC
THERMO FISCHER SCIENTIFIC INC	2,560	4,206
BRINKER INTL INC
R.R. DONNELLEY & SONS COMPANY
GANNETT COMPANY INC
WORLD FUEL SERVICES CORP	4,325	13,359
AMERICAN REPROGRAPHICS COMPANY
BRITISH AMERICAN TOBACCO ADR	555	823
CLOROX COMPANY
COMPANHIA DE BEBIDAS DAS AMER	1,893	6,755
MCGRATH RENTCORP
NIKE INC CLASS B	3,431	6,401
WD-40 COMPANY	6,811	8,760
ASTRAZENCA GROUP ADR
GLAXOSMITHKLINE ADR
HUMANA INC	3,955	8,950
OWENS & MINOR INC	7,013	7,076
SANOFI-AVENTIS ADR
DIRECTV GROUP	2,850	6,892
FACTSET RESEARCH SYSTEMS INC
JACK HENRY & ASSOC INC	4,160	7,093
SYNTEL INC	4,545	7,696
AEGON NV ORD AMER REG
ARES CAPITAL CORP	4,092	5,762
ENTERTAINMENT PROPERTIES TRUST	4,116	3,673
FEDERATED INVESTORS INC	6,459	6,667
FIRST MIDWEST BANCORP INC
GATX CORP	2,492	3,470
ARTHUR J. GALLAGHER & CO
GLACIER BANCORP INC	2,094	1,892
MERCURY GENERAL CORP
MITSUBISHI UFJ FINANCIAL GROUP
CHARLES SCHWAB CORP
TOKIE MARINE HOLDINGS INC ADR
LANDSTAR SYSTEM INC	10,138	9,105
DEUTSCHE TELEKOM AG ADR	5,795	5,478
E. ON AG ADR
NATIONAL GRID GROUP PLC
LINCOLN ELECTRIC HOLDINGS	8,037	6,844
ISHARES BARCLAYS US TREASURY	237,844	256,312
ISHARES RUSSELL 2000 VAL INDEX	7,469	8,771
AECOM TECH CORP	322	322
APTAR GROUP INC	1,363	1,787
ARCELORMITTAL SA LUXEMBOURG
BASF AG	2,823	4,984
COMPASS MINERALS INTL INC	2,871	3,071
EMCOR GROUP INC
HOUSTON WIRE & CABLE COMPANY	628	827
JOY GLOBAL INC	6,083	10,989
MITSUI & CO LTD	788	1,137
STERLITE INDUSTRIES	13	15
THOMPSON CREEK METALS	350	353
VALSPAR CORP	2,456	2,630
ATP OIL & GAS	1,725	2,666
ANADARKO PETROLEUM	2,811	5,036
CNOOC LTD ADRS	2,164	3,112
CABOT OIL & GAS	4,502	9,408
CONTANGO OIL & GAS	3,286	3,974
EXXON MOBIL CORP
HELIX ENERGY SOLUTIONS	3,218	6,187
NEXTERA ENERGY INC	4,043	5,194
LUKOIL ADR	1,724	2,283
ONEOK INC	3,701	6,187
PETROLEO BRASILEIRO	2,450	2,276
STATOIL ASA ADR
TENARIS S.A.	5,144	4,641
UGI CORP	3,709	4,363
AGCO CORP	2,118	3,699
AGILENT TECHNOLOGIES INC	3,342	4,595
ATLAS COPCO AB	772	1,256
BE AEROSPCE INC	3,739	5,811
CARBO CERMAICS INC	5,333	11,861
CURTISS WRIGHT CORP	2,723	2,749
FLOWSERVE CORP	3,382	3,776
NIDEC CORP
SNAP ON INC	2,821	3,753
VOLVO AKTIEBOLAGET	2,336	3,579
CENTRAL EUROPEAN MEDIA
APAC CUSTOMER SERVICES	3,913	5,147
BORGWARNER INC	10,471	14,491
THE BUCKLE, INC	1,628	2,171
CARNIVAL CORP	4,553	4,262
DECKERS OUTDOOR CORP	292	596
DESARROLLADORA HOMEX S.A.	325	341
DOLBY LABORATORIES
FUJIFILM HOLDINGS CORP	292	301
GILDAN ACTIVEWEAR INC	1,907	1,890
THE B F GOODRICH COMPANY	4,708	6,660
NISSAN MOTOR COMPANY	4,120	5,140
PENN NATIONAL GAMING INC	2,325	3,774
PULTE GROUP INC	5,370	4,356
SCIENTIFIC GAMES CORP
TEMPUR-PEDIC INTL	6,787	15,914
TIME WARNER CABLE	4,419	6,011
TRACTOR SUPPLY COMPANY	3,596	7,317
UNIVERSAL ELECTRONICS INC	1,499	1,849
WMS INUSTRIES INC	2,320	1,434
AVON PRODUCTS INC	26	26
CENTRAL EUROPEAN DISTRIBUTION
COINSTAR INC	3,196	2,932
CORN PRODUCTS INTL	2,232	3,461
ICF INTL INC	1,563	1,659
TREEHOUSE FOODS INC	2,027	2,221
ALLERGAN INC	4,118	5,692
ALMOST FAMILY INC	2,105	1,440
BAXTER INTL INC	5,848	7,446
CATALYST HEALTH SOLUTIONS INC	3,452	6,029
CELGENE CORP	3,061	3,499
CEPHALON INC	2,591	3,437
CUBIST PHARMACEUTICALS
FURIEX PHARMACEUTICALS
NUVASIVE INC
PAREXEL INTL CORP	2,908	2,772
QUEST DIAGNOSTICS INC	3,321	3,457
VARIAN MEDICAL SYSTEMS INC	5,427	6,778
WATSON PHARMACEUTICALS	5,750	8,794
YOUNG INNOVATIONS INC	1,907	2,318
CANON INC
EBIX INC	2,018	2,678
GLOBAL PAYMENTS INC	2,323	2,655
MONOLITHIC POWER SYSTEMS INC	2,907	2,158
OSI SYSTEM INC	2,384	3,799
OPEN TEXT CORP	3,113	5,202
ORACLE CORP	4,195	5,718
PRICELINE.COM INC	2,351	6,989
RED HAT INC	2,521	3,661
SMITH MICRO SOFTWARE INC	2,433	858
TELECOMMUNICATION SYSTEMS
TYLER TECHNOLOGIES INC	2,476	3,925
WESTERN DIGITAL CORP
XILINX INC	4,653	5,939
AMERIPRISE FINANCIAL INC	2,805	3,895
AMTRUST FINANCIAL SERVICES INC	3,747	6,757
BANK OF THE OZARKS INC	4,278	6,390
BOC HONG KONG HOLDINGS LTD	2,530	3,459
EQUIFAX INC	6,434	7,284
GOLDMAN SACHS GROUP INC
INTERCONTINENTAL EXCHANGE INC	6,191	6,412
INVESTMENT TECHNOLOGY GROUP	2,715	1,959
JEFFERIES GROUP INC	3,005	2,534
LIFE PARTNERS HOLDINGS INC	2,832	853
PROGRESSIVE CORP	4,084	4,172
PROSPERITY BANCSHARES INC	2,331	2,741
RLI CORP	6,960	8,083
REINSURANCE GROUP OF AMERICA	4,449	5,705
SOCIETE GENERALE	1,847	2,374
SUFFOLK BANCORP	1,130	448
SWISS REINSURANCE CO
VALLEY NATL BANCORP
VISA INC	2,034	2,395
WORLD ACCEPTANCE CORP	2,250	4,078
ZURICH FINANCIAL SERVICES	2,891	3,359
ATLANTIC TELE-NETWORK INC	2,930	2,568
AVIAT NETWORKS INC
GREENHAVEN CONT COMMODITY FD	78,929	78,695
ISHARES DOW JONES US ENERGY	39	44
ISHARES S&P US PREFERRED STOCK	86,277	85,101
WISDOMTREE DREYFUS EMERGING FD	23	23
ASHAI KASEI CORP ADR	5,307	5,885
GERDAU SA	3,933	2,782
KAO CORP	5,560	6,418
LONZA GROUP AG	5,479	5,432
SYNGENTA AG	4,216	4,007
TECHNIP SA	5,690	5,603
TOTO LIMITED	5,247	5,360
CANADIAN NATURAL RESOURCES	4,411	3,586
CONTANGO ORE INC	8	120
HESS CORP	3,539	3,017
MARATHON PETROLEUM CORP	3,654	5,167
PRECISION DRILLING CORP	75	121
REPSOL YPF S.A.	8,578	7,582
ROYAL DUTCH SHELL PLC	7,727	7,797
AERCAP HOLDINGS NV	6,242	5,458
ABM INDUSTRIES INC	3,670	3,397
CATERPILLAR INC	2,534	2,667
EUROPEAN AERONAUT	8,775	10,120
FLUOR CORP	2,643	2,351
GEA GROUP AG	4,057	4,184
KOMATSU LTD	8,300	7,906
LTTLEFUSE INC	461	460
RITCHIE BROS AUCTIONEERS	2,309	2,684
SIEMENS AG	117	127
TRIUMPH GROUP	518	646
DAIMLER AG	5,202	4,978
AARONS INC	1,294	1,638
ALLEGIANT TRAVEL CO	3,458	2,926
AMAZON COM INC	1,874	2,225
THE WALT DISNY COMPANY	2,428	2,240
DORMAN PRODUCTS INC	892	929
FIRST CASH FINANCIAL SERVICES	8,303	11,077
LIQUIDITY SERVICES INC	1,876	2,708
POLO RALPH LAUREN CORP	2,817	3,512
SEVEN & HLDGS CO LTD	5,368	6,128
JOHN WILEY & SONS INC	7,374	7,759
ADIDAS AG	5,122	5,758
HEINEKEN NV	5,664	5,867
HILLENBRAND INC	5,949	5,998
THE SCOTTS MIRACLE-GRO COMPANY	2,604	3,482
CELESIO AG	5,766	4,309
MWI VETERINARY SUPPLY INC	1,297	1,603
TEVA PHARMACEUTICAL INDUSTRIES	5,713	5,270
BT GROUP	86	99
BROADCOM CORP	2,920	2,410
EMC CORP	6,474	7,120
FINISAR CORP	1,725	903
INFINEON TECHNOLOGIES AG	79	70
NTT DOCOMO INC	5,517	5,803
SANDISK CORP	5,855	4,976
SILICONWARE PRECISION	6,034	4,674
STAPLES INC	3,868	2,650
TRIQUINT SEMICONDUCTOR INC	1,742	1,045
VODOPHONE GROUP	2,567	2,613
AFLAC INC	4,588	3,777
AMERICAN EXPRESS CO	5,892	6,355
AVIVA PLC	7,095	6,244
BNP PARIBAS	324	325
BANCO BRADESCO SA	20	19
BANK OF NEW YORK MELLON CORP	6,351	6,704
CVB FINANCIAL CORP	1,487	1,579
DEUTSCHE BOERSE AG	4,565	4,199
HSBC HOLDINGS PLC	1,631	1,368
JULIUS BAER GROUP	1,585	1,487
NOMURA HLDGS INC	5,100	4,923
VIRTUS INVESTMENT PARTNERS	1,643	2,278
WRIGHT EXPRESS CORP	1,714	1,673
CANADIAN NATL RAILWAY	4,250	4,267
SK TELECOM COMPANY	5,102	4,314
SINGAPORE TELECOMMUNICATIONS	5,731	6,501
NOBLE GROUP LTD	5,442	4,720

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAXES	914	914	0
FOREIGN TAXES ON QUALIFIED DIV	322	322	0
FOREIGN TAXES ON NONQUALIFIED	17	17	0
FARM - TAXES	377	377	0
FARM - INSURANCE	85	85	0
FARM - OTHER EXPENSES	986	986	0
WEB SERVICES	750	0	750
ROUNDING ADJ	10	0	0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE	1,094	0		0
FEDERAL ESTIMATES - PRINCIPAL	2,376	0		0