Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 10-01-2010 , and ending 09-30-2011
G
Check all that apply:
Name of foundation
EDMUND F AND VIRGINIA B BALL
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1408   Room/suite
City or town, state, and ZIP code
MUNCIE, IN47308
A Employer identification number

35-1911169
B Telephone number (see page 10 of the instructions)

(765) 741-5500
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$21,783,820J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 4 4 4
4 Dividends and interest from securities...... 547,457 547,457 547,457
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,213,500
b Gross sales price for all assets on line 6a 11,846,969
7 Capital gain net income (from Part IV, line 2)... 1,213,500
8 Net short-term capital gain......... 285,963
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........ 1,760,961 1,760,961 833,424
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 18,940     18,940
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 1,578     1,578
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 22,049 22,049 22,049  
c Other professional fees (attach schedule).... Click to see attachment 63,017 63,017 63,017  
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 676 676 676  
19 Depreciation (attach schedule) and depletion... Click to see attachment 0    
20 Occupancy.............. 4,584 4,584 4,584  
21 Travel, conferences, and meetings....... 1,944 1,846 1,871 73
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 680 680 680  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 113,468 92,852 92,877 20,591
25 Contributions, gifts, grants paid........ 1,198,000 1,198,000
26 Total expenses and disbursements. Add lines 24 and 25 1,311,468 92,852 92,877 1,218,591
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 449,493
b Net investment income (if negative, enter -0-) 1,668,109
c Adjusted net income (if negative, enter -0-)... 740,547
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 761,245 477,416 477,416
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 902,776 Click to see attachment599,318 612,903
b Investments—corporate stock (attach schedule)........ 14,524,643 Click to see attachment16,259,739 14,484,918
c Investments—corporate bonds (attach schedule)........ 6,922,542 Click to see attachment6,224,274 6,208,583
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,111,206 23,560,747 21,783,820
Liabilities 17 Accounts payable and accrued expenses.......... 436 483
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)   Click to see attachment1
23 Total liabilities (add lines 17 through 22).......... 436 484
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund 23,827,161 23,827,161
29 Retained earnings, accumulated income, endowment, or other funds -716,391 -266,898
30 Total net assets or fund balances (see page 17 of the
instructions).................... 23,110,770 23,560,263
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 23,111,206 23,560,747
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 23,110,770
2 Enter amount from Part I, line 27a...................... 2 449,493
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 23,560,263
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 23,560,263
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 1,700 JP Morgan Chase P 2010-11-29 2011-08-15
b 50 Caterpillar Inc. P 2011-03-09 2011-08-15
c 200 American Electric Power P 2011-03-09 2011-08-15
d 2,000 TJX Cos Inc. P 2010-11-29 2011-07-13
e 800 Apple Computer Inc. P 2011-07-13 2011-07-13
45,553.546 Fidelity Advisor Small Cap I P 2010-09-14 2011-07-13
48,387.097 Vanguard Short-Term Federal P 2011-03-22 2011-05-26
200 American Electric Power P 2011-03-09 2011-05-25
29,695.553 Vanguard Total Bond MIS P 2010-08-06 2011-03-29
17,787.828 Vanguard Total Bond MIS P 2010-06-09 2011-03-29
1,837.560 Fidelity Advisor Small Cap I P 2010-09-14 2011-03-23
1,000 Steel Dynamics, Inc. P 2010-11-29 2011-03-21
1,000 Prudential Financial P 2010-11-29 2011-02-07
2,000 MetLife P 2010-09-14 2011-02-07
2,000 JP Morgan Chase P 2010-11-29 2011-02-07
400 Goldman Sachs Group P 2010-11-29 2011-02-07
46,685.341 Vanguard Total Bond MIS P 2010-08-06 2010-12-02
16,126.043 Vanguard Ttl. Bond MIS P 2010-08-06 2010-11-29
4,026.583 Fidelity Advisor Small Cap I P 2010-09-14 2010-11-29
100,000 FNMA - 2.75% 4/20/15-Called P 2010-03-30 2010-10-20
Kinder Morgan Settlement P 2009-01-01 2011-07-07
Vanguard Ttl. Bond MIS-LTG P 2009-01-01 2010-12-31
Fidelity Advisor Sml Cap LTG P 2009-01-01 2010-12-31
Forward Frontier Mkts. - LTG P 2009-01-01 2010-12-31
11,748.909 Neuberger Berman Genesis P 2005-02-09 2011-08-31
6,909.259 Dodge & Cox Stock P 2009-08-07 2011-08-31
17,313.02 Dodge & Cox International P 2009-08-07 2011-08-31
9,339.975 T.Rowe Price Emerging Mkt. P 2009-08-07 2011-08-17
2,123.142 Neuberger Berman Genesis P 2004-11-30 2011-08-17
6,028.369 Fidelity Diversified International P 2009-09-01 2011-08-17
10,204.082 Columbia Dividend Income P 2009-12-09 2011-08-17
17,652.251 Columbia Dividend Income P 2009-09-21 2011-08-17
4,735.082 Columbia Dividend Income P 2009-08-07 2011-08-17
300,000 U.S. Treasury Notes 5.00% 8-11 P 2003-10-16 2011-08-15
200 Schlumberger Ltd. P 2009-08-07 2011-08-15
1,100 Schlumberger Ltd. P 2006-06-09 2011-08-15
400 Praxair Inc. P 2007-09-17 2011-08-15
300 WW Grainger Inc. P 2008-07-21 2011-08-15
150 Caterpillar Inc. P 2009-06-16 2011-08-15
200 Caterpillar Inc. P 2009-01-26 2011-08-15
40,803.096 Columbia Dividend Income P 2009-08-07 2011-08-13
525,000 FNMA - 3.00% 7-28-14 Called P 2009-07-14 2011-07-28
1,900 TJX Cos Inc. P 2009-08-07 2011-07-13
2,500 Suncor Energy P 2009-08-07 2011-07-13
500 Suncor Energy P 2007-05-29 2011-07-13
6,800 Microsoft Corporation P 2009-08-07 2011-07-13
1,000 Microsoft Corporation P 2007-01-17 2011-07-13
1,200 Intl. Business Machines P 2009-08-07 2011-07-13
3,900 Express Scripts Inc. P 2009-08-07 2011-07-13
2,362.949 TCW Dividend focused Fd-N P 2008-08-22 2011-07-13
44,422.504 TCW Dividend focused Fd-N P 2008-07-16 2011-07-13
17,394.578 TCW Dividend focused Fd-N P 2008-02-21 2011-07-13
794.033 Fidelity Diversified International P 2009-09-01 2011-05-27
250 Pepsico Inc. P 2006-11-27 2011-05-25
300 Oracle Corporation P 2009-08-07 2011-05-25
100 NextEra Energy Inc. P 2009-08-07 2011-05-25
500 L-3 Communications P 2009-08-07 2011-05-25
200 Grainger P 2007-12-28 2011-05-25
200 Caterpillar Inc. P 2009-06-16 2011-05-25
200 Canadian National Railway P 2007-09-17 2011-05-25
1,000 Sysco Corp. P 2004-07-23 2011-03-21
1,000 Suncor Energy P 2007-05-29 2011-03-21
100 Stryker Corporation P 2004-05-21 2011-03-21
600 Steel Dynamics, Inc. P 2009-09-01 2011-03-21
1,000 Steel Dynamics, Inc. P 2009-06-16 2011-03-21
2,400 Steel Dynamics, Inc. P 2009-04-08 2011-03-21
200 Procter & Gamble P 2007-05-29 2011-03-21
200 Pepsico Inc. P 2007-05-29 2011-03-21
600 Oracle Corporation P 2009-08-07 2011-03-21
3,400 Lowes Companies P 2004-07-16 2011-03-21
600 Lowes Companies P 2003-12-12 2011-03-21
600 Lowes Companies P 2003-03-20 2011-03-21
400 Lowes Companies P 2002-11-08 2011-03-21
400 Lowes Companies P 2002-10-22 2011-03-21
400 Lowes Companies P 2002-05-10 2011-03-21
200 Lowes Companies P 2001-08-21 2011-03-21
100 Laboratory Corp. Amer. Hldgs. P 2009-04-08 2011-03-21
100 Express Scripts Inc. P 2009-08-07 2011-03-21
700 Cameron International Corp. P 2009-08-07 2011-03-21
5,161.054 Vanguard Windsor II Fund P 2004-11-30 2011-03-09
100,000 Wal Mart Stores - 4.125% P 2004-02-19 2011-02-15
200,000 Dover Corporation - 6.50% P 2001-02-20 2011-02-15
2,500 Wells Fargo & Co. P 2004-11-30 2011-02-07
2,600 Wal Mart Stores P 2009-09-01 2011-02-07
2,500 US Bancorp P 2004-05-21 2011-02-07
100 Questar Corporation P 2009-12-10 2011-02-07
1,950 Questar Corporation P 2007-02-09 2011-02-07
100 Questar Corporation P 2007-01-17 2011-02-07
100 QEP Resources P 2009-12-10 2011-02-07
1,950 QEP Resources P 2007-02-19 2011-02-07
100 QEP Resources P 2007-01-17 2011-02-07
600 Prudential Financial P 2009-12-10 2011-02-07
500 T.Rowe Price Emerging Mkt. P 2007-12-05 2011-02-07
1,200 Oracle Corporation P 2009-08-07 2011-02-07
1,000 Abbott Laboratories P 2009-04-08 2011-02-07
500 Abbott Laboratories P 2009-01-26 2011-02-07
50 Aflac P 2006-11-27 2011-02-07
150 Aflac P 2006-10-23 2011-02-07
142.288 T.Rowe Price Emerging Mkt. P 2009-08-07 2010-12-30
100,000 General Elec. Cap - 4.25% P 2004-07-23 2010-12-01
4,829.43 Vanguard Windsor II Fund P 2004-11-30 2010-11-29
3,220.612 Neuberger Berman Genesis P 2004-11-30 2010-11-29
900 Stryker Corporation P 2004-05-21 2010-11-24
(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 62,430   63,331 -901
b 4,550   5,125 -575
c 7,457   7,187 270
d 111,277   90,307 20,970
e 287,495   287,257 238
1,288,710   1,076,430 212,280
525,000   520,645 4,355
7,663   7,187 476
312,694   321,009 -8,315
187,306   188,729 -1,423
50,000   43,422 6,578
18,080   15,496 2,584
63,793   51,002 12,791
96,043   82,071 13,972
90,525   74,507 16,018
66,785   63,000 3,785
500,000   504,669 -4,669
174,000   174,323 -323
103,000   95,148 7,852
100,000   100,000  
4,719     4,719
4,573     4,573
36,965     36,965
773     773
402,753   350,000 52,753
701,221   600,000 101,221
561,461   500,000 61,461
300,000   240,318 59,682
70,000   63,588 6,412
170,000   154,567 15,433
128,367   120,000 8,367
222,065   200,000 22,065
59,567   51,470 8,097
300,000   300,000  
15,950   10,757 5,193
87,723   65,758 21,965
39,653   30,266 9,387
41,335   26,491 14,844
13,651   5,400 8,251
18,202   6,435 11,767
525,136   443,530 81,606
525,000   525,000  
105,713   67,355 38,358
99,978   84,366 15,612
19,996   21,503 -1,507
182,916   161,635 21,281
26,899   31,360 -4,461
211,130   142,989 68,141
209,310   131,517 77,793
26,063   25,000 1,063
489,980   450,000 39,980
191,862   204,212 -12,350
24,750   20,359 4,391
17,558   15,488 2,070
9,931   6,441 3,490
5,704   5,685 19
41,051   38,079 2,972
29,600   17,790 11,810
20,631   7,200 13,431
15,114   11,142 3,972
27,962   35,040 -7,078
45,145   43,005 2,140
6,192   5,018 1,174
10,848   9,939 909
18,080   15,638 2,442
43,392   22,870 20,522
12,241   12,744 -503
12,822   13,738 -916
18,842   12,882 5,960
89,255   87,601 1,654
15,751   16,539 -788
15,751   12,306 3,445
10,501   8,016 2,485
10,501   8,842 1,659
10,501   8,558 1,943
5,250   3,880 1,370
8,640   5,879 2,761
5,211   3,372 1,839
42,120   24,031 18,089
141,000   155,090 -14,090
100,000   100,511 -511
200,000   201,342 -1,342
83,256   77,425 5,831
145,604   133,234 12,370
69,577   67,271 2,306
1,771   1,354 417
34,536   27,995 6,541
1,771   1,373 398
4,024   2,514 1,510
78,475   51,991 26,484
4,024   2,549 1,475
38,276   29,052 9,224
33,687   30,872 2,815
39,339   25,765 13,574
45,505   43,780 1,725
22,753   26,939 -4,186
2,902   2,205 697
8,706   6,787 1,919
5,000   3,661 1,339
100,000   98,570 1,430
117,500   145,124 -27,624
100,000   96,457 3,543
46,150   45,164 986
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       -901
b       -575
c       270
d       20,970
e       238
      212,280
      4,355
      476
      -8,315
      -1,423
      6,578
      2,584
      12,791
      13,972
      16,018
      3,785
      -4,669
      -323
      7,852
       
      4,719
      4,573
      36,965
      773
      52,753
      101,221
      61,461
      59,682
      6,412
      15,433
      8,367
      22,065
      8,097
       
      5,193
      21,965
      9,387
      14,844
      8,251
      11,767
      81,606
       
      38,358
      15,612
      -1,507
      21,281
      -4,461
      68,141
      77,793
      1,063
      39,980
      -12,350
      4,391
      2,070
      3,490
      19
      2,972
      11,810
      13,431
      3,972
      -7,078
      2,140
      1,174
      909
      2,442
      20,522
      -503
      -916
      5,960
      1,654
      -788
      3,445
      2,485
      1,659
      1,943
      1,370
      2,761
      1,839
      18,089
      -14,090
      -511
      -1,342
      5,831
      12,370
      2,306
      417
      6,541
      398
      1,510
      26,484
      1,475
      9,224
      2,815
      13,574
      1,725
      -4,186
      697
      1,919
      1,339
      1,430
      -27,624
      3,543
      986
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 1,213,500
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 3 285,963
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 1,242,241 23,282,244 0.05336
2008 1,413,051 20,790,811 0.06797
2007 1,445,255 28,586,228 0.05056
2006 1,377,435 29,777,204 0.04626
2005 1,303,834 27,872,410 0.04678
2 Total of line 1, column (d) ...................... 2 0.26492
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 0.05298
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 24,616,977
5 Multiply line 4 by line 3....................... 5 1,304,281
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 16,681
7 Add lines 5 and 6......................... 7 1,320,962
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,218,591
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 33,362
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 33,362
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 33,362
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 20,015
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,015
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 13,347
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet0 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
 
No
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 addressbulletN/A
    14
    The books are in care ofbulletBALL ASSOCIATES Telephone no.bullet (765) 741-5500
    Located atbullet222 S MULBERRY STMUNCIEIN ZIP+4bullet47305
    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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
    No
    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
     
    No
    .........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
    TAMARA S PHILLIPS ASST TREAS
    3.50     		0    
    7290 W CR 200 S
    YORKTOWN,IN47396
    ROBERT B BALL Vice Pres & Dir
    2.00     		0    
    PO BOX 426
    LELAND,MI49654
    FRANK E BALL President & Dir
    2.00     		0    
    4200 W WHITE RIVER BLVD
    MUNCIE,IN47304
    DOUGLAS J FOY Sec, Treas &Dir
    2.00     		0    
    PO Box 1515
    MUNCIE,IN47308
    MICHAEL J FISHER JR Executive Direc
    5.00     		18,940 1,578  
    5750 N CR 700 W
    MUNCIE,IN47304
    NANCY B KEILTY Director
    2.00     		0    
    6192 S French Road
    CEDAR,MI49621
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    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)
    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
    24,979,371
    b
    Average of monthly cash balances.......................
    1b
    12,484
    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
    24,991,855
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    24,991,855
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    374,878
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,616,977
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,230,849
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,230,849
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    33,362
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,362
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,197,487
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    1,197,487
    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
    1,197,487
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,218,591
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,218,591
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,218,591
    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 1,197,487
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 878,077
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,218,591
    a Applied to 2009, but not more than line 2a 878,077
    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)...     		0
    d Applied to 2010 distributable amount..... 340,514
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		856,973
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    KRIS GROSS
    PO BOX 1408
    MUNCIE,IN47308
    (765) 741-5500
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD INCLUDE COMPLETE DESCRIPTION OF PROJECT, BUDGET AND INCLUDE COPY OF IRS EXEMPTION LETTER
    cAny submission deadlines:
    APPLICATIONS ACCEPTED THRU JUNE 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    LEELANAU CONSERVANCY
    PO BOX 1007
    LELAND,MI49654     		    ACQUISITION OF CLAY CLIFFS NATURAL AREA 50,000
    LEELANAU COMMUNITY CULTURAL CENTER
    PO BOX 883
    LELAND,MI49654     		    EXPAND ANNEX TO OLD ART BUILDING 50,000
    MUNCIE CHILDRENS MUSEUM
    515 S HIGH STREET
    MUNCIE,IN47305     		    SUPPORT FREE DAYS 15,000
    INDIANA YOUTH INSTITUTE
    603 E WASHINGTON ST
    INDIANAPOLIS,IN46204     		    VIRGINIA B. BALL LIBRARY 30,000
    AMERICAN RED CROSS OF INDIANAPOLIS
    441 EAST TENTH ST
    INDIANAPOLIS,IN46202     		    JAPAN EARTHQUAKE RELIEF 10,000
    CORNERSTONE CENTER FOR THE ARTS
    520 E MAIN STREET
    MUNCIE,IN47305     		    BUILDING MAINTENANCE/GENERAL 10,000
    BALL STATE UNIVERSITY FDN
    PO BOX 672
    MUNCIE,IN47308     		    EF & VB BALL HONORS HOUSE 100,000
    FISHTOWN PRESERVATION SOCIETY
    PO BOX 721
    LELAND,MI49654     		    FISHTOWN 50,000
    MINNETRISTA CULTURAL FDN
    1200 N MINNETRISTA PKWY
    MUNCIE,IN47303     		    ENDOWMENT 75,000
    INLAND SEAS EDUCATION ASSOC
    PO BOX 218
    SUTTONS BAY,MI49682     		    GREAT LAKES SCHOOLSHIP PROGRAM 15,000
    CENTRAL CARIBBEAN MARINE INSTI
    PO BOX 1461
    PRINCETON,NJ08540     		    SEA CAMP SCHOLARSHIPS 50,000
    BALL STATE UNIVERSITY FDN
    PO BOX 672
    MUNCIE,IN47308     		    V.B.BALL CTR CREATIVE INQUIRY 228,000
    INTERLOCHEN CENTER FOR THE ART
    PO BOX 199
    INTERLOCHEN,MI49643     		    PLEDGE 100,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT06521     		    GLOBAL INST SUSTAINING FORESTRY 25,000
    YMCA
    165 EMS T2 LANE
    NORTH WEBSTER,IN46555     		    CAMP CROSLEY 25,000
    WILMER EYE INSTITUTE
    600 N WOLFE STREET
    BALTIMORE,MD21287     		    PLEDGE 200,000
    COMMUNITY FOUNDATION OF MUNCIE
    PO BOX 807
    MUNCIE,IN47308     		    GREEN SPACE ON WALNUT 15,000
    COMMUNITY ENHANCEMENT PROJECTS
    650 WEST MINNETRISTA BLVD
    MUNCIE,IN47303     		    WHITE RIVER DAM RENOVATION 50,000
    BALL MEMORIAL HOSPITAL FDN
    120 WEST CHARLES STREET
    MUNCIE,IN47305     		    MEDICAL EDUCATION 100,000
    Total .................................bullet 3a 1,198,000
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 4  
    4 Dividends and interest from securities....     14 547,457  
    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 1,213,500  
    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)..   1,760,961  
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,760,961
    (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: 10000105
    Software Version: 2010v3.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BALL ASSOCIATES 22,049 22,049 22,049 0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD SHORT-TERM FEDERAL 79,355 80,609
    FHLMC 4/20/26 500,000 500,751
    MORGAN STANLEY MED TERM NT 8/15 600,000 594,289
    VANGUARD TOTAL BOND MARKET IND SIGNAL    
    VANGUARD TOTAL BOND MARKET INDEX 1,061,271 1,103,282
    ISHARES IBOXX INVEST GRADE CORP BOND 551,482 572,781
    FEDERAL NATIONAL MORTGAGE ASSN 4/15    
    MORGAN STANLEY MULTI-STEP 8/20 450,000 444,257
    7710 DODGE & COX INCOME BOND 1,850,000 1,851,148
    525000 FED NATIONAL MORT ASSN 7/28/14    
    300000 VANDERBILT UNIVERSITY 4/1/19 302,625 341,274
    200000 GENERAL ELEC CAP CRP 3/17 200,000 207,354
    225000 GOLDMAN SACHS GROUP INC SR 1/14 229,649 232,958
    250000 VERIZON NEW JERSEY 1/12 250,369 253,630
    100000 WAL MART STORES INC 2/11    
    200000 DOVER CORP 2/11    
    100000 GENERAL ELEC CAP CORP 12/10    
    150000 LEHMAN BROS HLDGS INC 3/09 149,523 26,250

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD SMALL-CAP INDEX 1,410,000 1,097,638
    RUSSELL EMERGING MARKETS 100,000 78,886
    FORWARD FRONTIER MARKETS 200,400 163,014
    COHEN & STEERS REALTY 400,000 357,543
    AMERICAN BEACON SMALL CAP 480,000 367,588
    TOYOTA MOTOR 115,983 102,390
    TEVA PHARMACEUTICALS INDS 49,944 37,220
    CARNIVAL CORP 39,098 30,300
    SOUTHERN COPPER 28,436 19,992
    SMUCKER JM CORP 125,341 145,780
    MEDTRONIC INC 39,997 33,240
    KRAFT FOODS INC 105,164 117,530
    JPMORGAN CHASE & CO 85,683 69,276
    INTEL CORP COM 31,358 32,003
    GOLDMAN SACHS GROUP 137,765 85,095
    EMC CORP 53,771 52,475
    DU PONT DE NEMOURS 74,629 55,958
    DIRECTV COM 41,057 42,270
    DARDEN RESTAURANTS 56,056 49,163
    CONSOL ENERGY INC 119,100 81,432
    CONOCOPHILLIPS INC 174,582 145,636
    CELGENE CORP 55,762 61,910
    CAMPBELL SOUP CO 101,666 97,110
    AT & T INC 76,414 74,152
    APPLIED MATERIALS INC 43,675 36,242
    AMERICAN ELECTRIC POWER CO 88,759 95,050
    SCOUT INTERNATIONAL 948,000 811,880
    QEP RESOURCES, INC    
    PRUDENTIAL FINANCIAL COM 102,004 93,720
    NEXTERA ENERGY 93,408 97,236
    VANGUARD WINDSOR II FUND 1,032,204 794,505
    TCW DIVIDEND FOCUSED FD    
    T ROWE PRICE EMERGING MKT STK FD 69,579 61,492
    FIDELITY ADVISOR SMALL CAP I    
    NEUBERGER BERMAN GENESIS FUND 1,153,525 1,140,423
    FIDELITY DIVERSIFIED INTERNATIONAL FUND 1,310,074 1,266,643
    DODGE & COX STOCK FUND (VALUE FUND) 1,484,349 1,196,630
    DODGE & COX INTERNATIONAL STOCK FUND 1,140,305 926,425
    SUNCOR ENERGY    
    SCHLUMBERGER LTD COM 37,648 41,811
    COLUMBIA DIVIDEND INCOME Z 1,050,136 964,766
    TRANSOCEAN INC SWITZERLAND 95,145 62,062
    CANADIAN NATIONAL RAILWAY 106,615 133,160
    WELLS FARGO & CO 193,406 164,016
    WAL MART STORES    
    US BANCORP 119,347 117,700
    TJX COS INC 149,902 155,316
    TARGET CORP COM 145,332 117,696
    T. ROWE PRICE GROUP 72,120 71,655
    SYSCO CORP 108,868 98,420
    STRYKER CORP 99,503 103,686
    STEEL DYNAMICS INC    
    QUESTAR CORPORATION    
    METLIFE INC 123,106 84,030
    PROCTOR & GAMBLE CO 82,506 82,134
    PRAXAIR INC COM 32,157 39,729
    PEPSICO INC 117,009 120,705
    ORACLE CORP 234,029 313,266
    MICROSOFT CORP    
    LOWES COMPANIES INC COM    
    L-3 COMMUNICATIONS HOLDING CORP 152,315 123,940
    JOHNSON & JOHNSON COM 33,065 38,214
    INTL BUSINESS MACHINES CORP 211,181 209,844
    LABORATORY CORP AMER HLDGS COM 94,062 126,480
    GRAINGER 57,354 104,678
    FISERV INC 139,550 147,233
    FEDEX CORP 158,882 104,904
    EXXON MOBIL CORP 125,996 130,734
    EXPRESS SCRIPTS INC 72,120 55,605
    CATERPILLAR INC 102,156 88,608
    CISCO SYSTEMS 161,439 108,500
    CAMERON INTERNATIONAL 113,290 137,082
    BEST BUY COMPANY INC 166,823 102,520
    APPLE COMPUTER INC 214,542 305,056
    AIR PRODUCTS & CHEMICALS INC 56,392 61,096
    AFLAC INC 65,655 52,425
    ABBOTT LABORATORIES COM    

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    US Government Securities - End of Year Book Value:

    599,318
    US Government Securities - End of Year Fair Market Value:

    612,903
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2010 OtherExpensesSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE 680 680 680  


    TY 2010 OtherLiabilitiesSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding   1


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 63,017 63,017 63,017 0


    TY 2010 TaxesSchedule
    Name:
    EDMUND F AND VIRGINIA B BALL
    FOUNDATION INC
    EIN: 35-1911169
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD ON DIVIDENDS 676 676 676