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 09-01-2010 , and ending 08-31-2011
G
Check all that apply:
Name of foundation
POSEL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)212 WALNUT STREET   Room/suite
City or town, state, and ZIP code
PHILADELPHIA, PA19106
A Employer identification number

23-2581520
B Telephone number (see page 10 of the instructions)

(215) 627-0900
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$2,445,219J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 63,567 63,567  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 41,375
b Gross sales price for all assets on line 6a 470,530
7 Capital gain net income (from Part IV, line 2)... 41,375
8 Net short-term capital gain......... 1,643
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........ 104,942 104,942 1,643
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,880 1,880 0 0
b Accounting fees (attach schedule)....... Click to see attachment 2,300 2,300 0 0
c Other professional fees (attach schedule).... Click to see attachment 3,075 3,075    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 125 125    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,387 5,387    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,767 12,767 0 0
25 Contributions, gifts, grants paid........ 363,400 363,400
26 Total expenses and disbursements. Add lines 24 and 25 376,167 12,767 0 363,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -271,225
b Net investment income (if negative, enter -0-) 92,175
c Adjusted net income (if negative, enter -0-)... 1,643
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............... 58,759 49,521 49,521
2 Savings and temporary cash investments..........      
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) 149,383 Click to see attachment99,792 106,395
b Investments—corporate stock (attach schedule)........ 743,654 Click to see attachment377,233 426,883
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,657,318 Click to see attachment1,811,343 1,862,420
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) 2,609,114 2,337,889 2,445,219
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,609,114 2,337,889
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,609,114 2,337,889
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 2,609,114
2 Enter amount from Part I, line 27a...................... 2 -271,225
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,337,889
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 2,337,889
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 VANGUARD TOTAL INTERNATIONAL FUND P 2006-10-20 2011-02-07
b VANGUARD BOND INDEX FUND SHORT TERM PORTFOLIO P 2006-10-09 2011-02-07
c VANGUARD BOND INDEX FUND SHORT TERM PORTFOLIO P 2009-12-24 2011-02-07
d VANGUARD BOND INDEX FD INTERMEDIATE PORTFOLIO FUND P 2006-10-09 2011-02-07
e BANK NEW YORK MELLON CORP P 2005-06-23 2010-11-17
WALT DISNEY CORP. P 2005-06-23 2010-11-17
FRONTIER COMMUNICATON COM P 2008-11-05 2010-11-17
POWERSHARES QQQ NASDAQ 100 ETF P 2005-06-23 2010-11-17
ST. JUDE MEDICAL INC P 2005-06-23 2010-11-17
WALGREEN CO. P 2008-11-05 2010-11-17
I-SHARES MSCI EAFE INDEX FUND P 2008-11-05 2011-01-24
MATURED FED HOME LN BK 4.625% DUE 2/18/11 P 2006-10-10 2011-02-18
AT&T INC P 2007-05-09 2011-02-22
AT&T INC P 2005-06-23 2011-02-22
ALTRIA GROUP INC P 2005-06-23 2011-02-22
BANK NEW YORK MELLON CORP P 2007-05-10 2011-02-22
CHUBB CORP P 2005-06-23 2011-02-22
FEDERAL REALTY INVESTROS TRUST S/B/I P 2005-06-23 2011-02-22
GENERAL ELECTRIC CO. P 2002-05-13 2011-02-22
HEWLETT-PACKARD CO. P 2005-06-23 2011-02-22
INTERNATIONAL BUSINESS MACHINES CORP P 2005-06-23 2011-02-22
I-SHARES MSCI EAFE INDEX FUND P 2008-11-05 2011-02-22
JP MORGAN CHASE & CO P 2006-10-10 2011-02-22
JOHNSON & JOHNSON P 2005-06-23 2011-02-22
ROCKWELL COLLINS INC P 2005-06-23 2011-02-22
SCHLUMBERGER, LTD P 2007-05-10 2011-02-22
3M COMPANY P 2008-11-05 2011-02-22
ISHARES BARCLAYS 1-3 YRS TREASURY BD FD P 2005-06-23 2011-08-12
ISHARES BARCLAYS 1-3 YRS TREASURY BD FD ETF P 2008-07-10 2011-08-12
VANGUARD LONG TERM BOND INDEX FUND P 2006-10-09 2010-10-18
VANGUARD LONG TERM BOND INDEX FUND P 2006-10-09 2010-12-15
VANGUARD LONG TERM BOND INDEX FUND P 2006-10-20 2010-12-15
VANGAUARD BOND INDEX FUND     2010-12-27
VANGUARD BOND INDEX FUND     2011-03-23
VANGUARD BOND INDEX FD INTER     2011-03-23
VANGUARD BOND INDEX FD INTER     2011-03-23
VAN LONG TERM BOND INDEX FUND     2011-12-27
VAN LONG TERM BOND INDEX FUND     2011-12-27
CAPITAL GAIN DIVIDENDS P    
(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 25,000   25,817 -817
b 24,986   23,535 1,451
c 14   14  
d 25,000   23,120 1,880
e 22,024   22,800 -776
18,515   12,348 6,167
1,080   1,037 43
41,359   30,204 11,155
15,356   14,884 472
17,040   12,386 4,654
17,904   20,441 -2,537
50,000   49,590 410
2,826   2,371 455
4,239   3,034 1,205
4,962   4,178 784
3,101   2,850 251
9,087   6,332 2,755
12,205   8,655 3,550
6,243   10,589 -4,346
7,216   3,656 3,560
4,885   2,722 2,163
24,196   27,255 -3,059
6,945   5,426 1,519
6,060   6,565 -505
19,566   19,890 -324
9,369   5,047 4,322
4,634   3,846 788
12,699   12,446 253
15,696   15,649 47
15,000   13,514 1,486
36,335   35,408 927
3,665   3,546 119
193     193
11     11
42     42
524     524
212     212
661     661
      1,680
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       -817
b       1,451
c        
d       1,880
e       -776
      6,167
      43
      11,155
      472
      4,654
      -2,537
      410
      455
      1,205
      784
      251
      2,755
      3,550
      -4,346
      3,560
      2,163
      -3,059
      1,519
      -505
      -324
      4,322
      788
      253
      47
      1,486
      927
      119
      193
      11
      42
      524
      212
      661
       
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 41,375
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 1,643
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 433,298 2,661,509 0.162802
2008 395,321 2,610,489 0.151436
2007 389,302 3,799,227 0.102469
2006 295,855 4,040,699 0.073219
2005 291,850 3,565,888 0.081845
2 Total of line 1, column (d) ...................... 2 0.571771
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 0.114354
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,616,449
5 Multiply line 4 by line 3....................... 5 299,201
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 922
7 Add lines 5 and 6......................... 7 300,123
8 Enter qualifying distributions from Part XII, line 4.............. 8 363,400
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 1 922
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............................ 3 922
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- ..... 5 922
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,232
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 1,232
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 310
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet310 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletPA
    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 ofbulletPOSEL FOUNDATION Telephone no.bullet (215) 627-0900
    Located atbullet212 WALNUT STREETPHILADELPHIAPA ZIP+4bullet19106
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
     
    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
     
     
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DOROTHEA POSEL PRESIDENT
    0     		0    
    212 WALNUT STREET
    PHILADELPHIA,PA19030
    DANIEL POSEL VICE PRESIDENT
    0     		0    
    3476 Ben Lomond Place
    Los Angeles,CA90027
    ANNE POSEL SECRETARY
    0     		0    
    212 WALNUT STREET
    PHILADELPHIA,PA19106
    BENJAMIN POSEL TREASURER
    0     		0    
    212 WALNUT STREET
    PHILADELPHIA,PA19106
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,597,660
    b
    Average of monthly cash balances.......................
    1b
    58,633
    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
    2,656,293
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    2,656,293
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    39,844
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,616,449
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    130,822
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
     
    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
     
    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
    363,400
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    363,400
    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
    922
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    362,478
    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 0
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 128,608
    b From 2006....... 105,659
    c From 2007....... 201,787
    d From 2008....... 266,405
    e From 2009....... 301,227
    fTotal of lines 3a through e......... 1,003,686
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 363,400
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 0
    e Remaining amount distributed out of corpus 363,400
    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 1,367,086
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		128,608
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		1,238,478
    10 Analysis of line 9:
    a Excess from 2006.... 105,659
    b Excess from 2007.... 201,787
    c Excess from 2008.... 266,405
    d Excess from 2009.... 301,227
    e Excess from 2010.... 363,400
    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
    1,643       1,643
    b 85% of line 2a ......... 1,397       1,397
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		363,400       363,400
    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 ....     		363,400       363,400
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 2,445,219       2,445,219
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    SIDNEY L POSEL
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    LOPEZ COMMUNITY FIRE WORKS INC
    PO Box 701
    LOPEZ ISLAND,WA98261     		    Supports community entertainment. 100
    KBCS
    3000 Landerholm Circle SE
    Bellevue,WA98007     		    Supports community radio programming 100
    WOTIM (THA MOVEMENT)
    10825 E Margina
    Tukwila,WA98198     		    Support of multi-racial, multi-ethnic, multi-lateral public peace initiatives for youths 1,000
    HOMEWATERS PROJECT
    North Seattle Community College
    Seattle,WA98103     		    Connects people to nature and each other in the context of their home communities 100
    FACING THE FUTURE
    811 First Avenue Suite 454
    9600 College Way North
    Seattle,WA98104     		    Helps develop young people's capacity and commitment to create sustainable and peaceful local and global communities by equipping teachers and schools with the tools and strategies to help students 100
    THE SAN JUAN PRESERVATION TRUST
    PO Box 327
    Lopez Island,WA98261     		    Preserve and protect open spaces, scenic views, forests, agricultural lands, habitats, watersheds, riparian corridors, wetlands and shorelines in the San Juan Archipelago 100
    NATIONAL OUTDOOR LEADERSHIP SCHOOL
    284 Lincoln Street
    Lander,WY825202848     		    Educational institution for wildnerness expeditions and environmental study 100
    BROWN UNIVERSITY ANNUAL FUND
    110 Elm Street
    Providence,RI02903     		    Higher education Institution 100
    KPLU PUBLIC RADIO
    2601 4th Ave
    Seattle,WA98121     		    Public radio station 100
    UW DANCE PROGRAM
    University of Washington Meany Hal
    Suite 150
    Seattle,WA981951150     		    Higher education institution 200
    SKAGIT LAND TRUST
    PO Box 1017 3325 Pine street
    Box 351150
    Mount Vernon,WA98273     		    Protects wildlife habitats, agricultural and forest lands, wetlands and shorelines throughout Skagit County 200
    SEATTLE PARKS FOUNDATION
    860 Terry avenue N
    Suite B
    Seattle,WA98109     		    Dedicated to conserving and improving the quality of Seattle's city parks 200
    CONSERVATION NORTHWEST
    1208 Bay Street-201
    Bellingham,WA98225     		    Nature Conservation 200
    YOUTH IN FOCUS
    2100 24TH Avenue South
    Seattle,WA98144     		    Offers photography classes, service learning opportunities and entrepreneurial projects for youth ages 13-19 100
    FOUNDATION FOR SELF-SUFFICIENCY IN CENTRAL AMERICA
    314 E Highland Mall Blvd
    Suite 310
    Austin,TX78752     		    Helps low-income communities in Central America achieve environmental, social and economic self-sufficiency 100
    HOMIES UNIDOS
    1625 West Olympic Blvd
    Suite 208-6
    Los Angeles,CA90015     		    Develops creative alternatives to youth violence and drugs through access to alternative education, leadership development, health education programs 100
    FIRST PLACE SCHOOL
    PO Box 22536
    Suite 706
    Seattle,WA98105     		    Educates young children of families living in homeless situations 200
    HOMESTEP
    4 Nickerson Street
    Seattle,WA98109     		    Provides transitional housing for homeless 200
    ARTS CORP
    4408 Delrdige Way WS
    Suite 300
    Seattle,WA98106     		    Fosters creative thinking through art education for young people 300
    KUOW PUBLIC RADIO
    4518 University Way NE
    Suite 110
    Seattle,WA98105     		    Public radio station 300
    SEATTLE YOUTH GARDEN WORKS
    4759 15th Avenue NE
    310
    Seattle,WA98105     		    Dedicated to providing at-risk youths with employment and education through gardening 10,000
    THE NATURE CONSERVANCY OF WASHINGTON
    601 7th Avenue
    New York,NY10018     		    Helps preserve threatened natural lands 400
    THE WILDERNESS SOCIETY
    900 17th Street NW
    Suite 601
    Washingotn,DC200777788     		    Preserves and protects endangered wilderness lands 400
    NORTHWEST SCHOOL
    1415 Sumit Avenue
    PO Box 96750
    Seattle,WA98122     		    Educational institution 400
    PLANNED PARENTHOOD OF WESTERN WASHINGTON
    2001 East Madison Street
    Seattle,WA98122     		    Provides services and education on family planning 1,000
    SOUTHERN UTAH WILDERNESS ALLIANCE
    425 East 100 South
    Salt Lake City,UT84111     		    Wilderness preservation and land management. 5,000
    FRIENDS OF LOPEZ ISLAND POOL
    PO Box 453
    Lopez Island,WA98261     		    Community swimming pool 100
    PACIFIC CREST SCHOOL
    600 NW Bright Street
    Seattle,WA98107     		    Childhood education 2,000
    HIGHLINE BIG PICTURE HIGH SCHOOL
    2450 S 142nd Street
    Seattle,WA98168     		    Internships and rigorous, interest-based projects to immerse students in work they are passionate about in order to develop the skills, habits, and knowledge to succeed in higher education, overcome obstacles to their well-being, and contribute positively to their communities. 1,000
    PLANNED PARENTHOOD OF NEW YORK CITY
    26 Bleecker Street
    New York,NY100122413     		    Provides services and education on family planning 2,000
    CITY HARVEST
    575 8th Avenue
    New York,NY10018     		    Collects excess food from all segments of food industry and distributes to community food programs to feed the hungry in NY City 2,000
    TRANSPORTATION ALTERNATIVES
    127 W 26th Street
    th Fl
    New York,NY10001     		    Advocates biycling, walking and public transit as better environmental alternatives to automobiles on New York City's streets 1,000
    DOCTORS WITHOUT BORDERS USA
    PO Box 5022
    Suite 1002
    Hagerstown,MD21741     		    International medical humanitarian organization. 2,000
    COALITION FOR THE HOMELESS
    129 Fulton Street
    New York,NY10038     		    Aids New York City's homeless population 2,000
    FRIENDS OF LEADERSHIP PREP
    141 Macon St
    Brooklyn,NY11216     		    Elementary and middle school education 2,000
    NYPIRG
    9 Murray Street
    New York,NY100072223     		    Student-directed organization focused on environmental protection 1,000
    WATERFRONT MUSEUM
    290 Conover Street
    3rd Fl
    Brooklyn,NY11231     		    Provides programs, in education and culture, aboard an historic vessel. 500
    OBERLIN COLLEGE
    173 West Lorain Street
    Oberlin,OH44074     		    Higher education institution 500
    INTERNATIONAL RESCUE COMMITTEE
    1730 M Street NW
    Washington,DC20036     		    Provides relief, respect and renewal to refugees and victims of armed conflict around the world 2,000
    HIGHLINE BIG PICTURE HIGH SCHOOL
    2450 S 142nd Street
    807
    Seattle,WA98168     		    Internships and rigorous, interest-based projects to immerse students in work they are passionate about in order to develop the skills, habits, and knowledge to succeed in higher education, overcome obstacles to their well-being, and contribute positively to their communities. 1,000
    THE NATURE CONSERVANCY
    507 Seventh Avenue
    New York,NY10018     		    Helps preserve threatened natural lands 1,200
    STUDENT CONSERVATION ASSOCIATION
    PO Box 550
    Suite 601
    Charlestown,NH03603     		    Contributions enable student volunteers to help preserve national parks and forests 1,200
    THE LEGAL AID SOCIETY
    15 Park Row
    New York,NY10273     		    Provides Legal Services to the needy 1,200
    STANLEY ISAACS NEIGHBORHOOD CENTER
    415 E 93rd Street
    New York,NY101286904     		    Provides services to the elderly, families, youth, etc. 1,200
    THE NEW YORK PUBLIC LIBRARY
    576 Fifth Avenue
    New York,NY10138     		    Purchase books and maintain public library 600
    THE SALVATION ARMY OF GREATER NY
    120 W 14th Street
    New York,NY10011     		    To restore the needy to a status of well-being 2,400
    METROPOLITAN COUNCIL ON JEWISH POVERTY
    80 Maiden Lane
    New York,NY10038     		    To fight poverty through comprehensive social services.. 1,200
    WORLD WILDLIFE FUND
    1250 24th Street NW
    21st Floor
    Washington,DC200777788     		    Helps save endangered species 1,200
    GODDARD RIVERSIDE COMMUNITY CENTER
    593 Columbus avenue
    PO Box 96555
    New York,NY10024     		    Aged-oriented charity 1,200
    THE FORTUNE SOCIETY
    39 W 19th Street
    New York,NY10114     		    Provides help for ex-offenders 1,200
    MADD
    511 E John Carpenter Frwy
    Irving,TX75062     		    Dedicated to prevention of drunk driving 600
    THE HUMANE FARMING ASSOCIATION
    PO Box 3577
    Suite 700
    San Rafael,CA949128902     		    Protects farm animals 600
    FOOD BANK FOR NEW YORK CITY
    39 Broadway
    New York,NY10006     		    Helps feed the hungry in NYC 1,200
    THE WILDERNESS SOCIETY
    900 17th Street NW
    10th Floor
    Washington,DC20006     		    Preserves and protects endangered wilderness lands 1,200
    SEARCH AND CARE
    316 E 88th Street
    PO Box 96750
    New York,NY10128     		    Provides services to the homebound elderly 1,200
    ENVIRONMENTAL DEFENSE
    1875 Connecticut Avenue NW
    Washington,DC20077     		    Dedicated to protecting the environmental rights of all people, including future generations. 1,200
    VISITING NURSE SERVICE OF NEW YORK
    107 E 70th Street
    PO Box 96969
    New York,NY10021     		    Promotes excellence in home patient care and public health services 1,200
    AMERICAN SOCIETY FOR THE PROTECTON of NATURE IN IS
    28 Arrandale Avenue
    Great Neck,NY110241804     		    Helps preserve Israel's natural beauty and protect the environment 1,200
    THE EDUCATIONAL ALLIANCE
    197 East Broadway
    New York,NY10002     		    Offers educational and cultural programs to needy 2,400
    UNITED NEIGHBORHOOD HOUSES
    70 W 36th Street
    New York,NY100188007     		    Helps strengthen families and build communities in New York City 1,200
    THE DOOR
    121 Avenue of the Americas
    Suite 1002
    New York,NY10013     		    Youth development program 1,200
    THE DOME PROJECT INC
    486 Amsterdam avenue
    New York,NY10028     		    Brings at-risk children back to education 1,200
    THIRD STREET MUSIC SCHOOL SETTLEMENT
    235 E 11th Street
    New York,NY10016     		    Provides quality music, dance and art instruction to children of all ages and backgrounds 1,200
    COVENANT HOUSE
    Times Square Station
    New York,NY10108     		    Provides shelter to homeless and runaway youths 1,200
    COMMUNITY SERVICE SOCIETY
    105 East 22nd Street
    PO Box 731
    New York,NY101600018     		    Helps needy New Yorkers 2,400
    CITY MEALS-ON-WHEELS
    PO Box 4007
    New York,NY10277     		    Helps feed the hungry in NYC 1,200
    THE CHILDREN'S AID SOCIETY
    105 E 22nd Street
    New York,NY10010     		    Provides help to needy children 1,200
    CENTRAL PARK CONSERVANCY
    PO Box 5204 GPO
    New York,NY10022     		    Helps preserve New York's Central Park 1,200
    THE BOYS' CLUB OF NEW YORK
    287 E 10th Street
    New York,NY10009     		    Provides guidance for boys 1,200
    JEWISH THEOLOGICAL SEMINARY
    3080 Broadway
    New York,NY100274649     		    Educational 1,200
    ISRAEL CANCER RESEARCH FUND
    1290 Avenue of the Americas
    New York,NY10104     		    Enables Israel's research scientists to find the cure for cancer 1,200
    WORLD JEWISH CONGRESS
    PO Box 90400
    Suite 550
    Washington,DC10104     		    Supports public charities 1,200
    UJA - FEDERATION OF NEW YORK
    130 East 59th Street
    New York,NY200900400     		    Aids Jewish people in need in New York, Israel and around the world 1,200
    OHEL CHILDREN'S HOME & FAMILY SERVICES
    4510 Sixteenth Avenue
    Brooklyn,NY10022     		    Provides help for families in crisis in the Jewish community 1,200
    NATIONAL JEWISH OUTREACH PROGRAM
    485 5th avenue
    New York,NY11204     		    Supports Jewish religious education 600
    JEWISH NATIONAL FUND
    42 East 69th Street
    Suite 701
    New York,NY101641767     		    Contributes to the needy 600
    THE JERUSALEM FOUNDATION INC
    420 Lexingotn Avenue
    New York,NY100215093     		    Aims to strengthen, promote and enhance a free, open, pluralistic and modern society in Jerusalem 600
    DOROT INC
    171 West th Street
    Suite 1645
    New York,NY10170     		    Provides care for the aged 1,200
    CAMERA
    PO Box 667
    Boston,MA100244498     		    Helps counter bias against Israel in the mass media, campus publications and in reference works and textbooks 2,400
    AMERICAN JEWISH CONGRESS
    15 East 84th Street
    New York,NY022589937     		    Supports charitable work of Jewish organizations 600
    THE DOE FUND
    232 East 84th Street
    New York,NY100280458     		    Helps formerly homeless and disadvantaged achieve lives of independence and self-sufficiency 1,200
    HIGHLINE BIG PICTURE HIGH SCHOOL
    2450 S 142nd Street
    Seattle,WA10028     		    Internships and rigorous, interest-based projects to immerse students in work they are passionate about in order to develop the skills, habits, and knowledge to succeed in higher education, overcome obstacles to their well-being, and contribute positively to their communities. 50,000
    MAKE THE ROAD NEW YORK
    301 Grove Street
    Brooklyn,NY98168     		    Promotes economic justice, equity and opportunity for all New Yorkers through community and electoral organizing, strategic policy advocacy, leadership development, youth and adult education, and high quality legal and support services. 10,000
    READER TO READER
    Cardigan Center 38 Woodside Avenue
    A
    Amherst,MA11237     		    Helps the nation's poorest libraries 1,000
    DEMOCRACY NOW
    207 W 25th Street
    New York,NY01002     		    National, daily, independent, news program. 1,000
    SWEET HOME NEW ORLEANS
    831 Elysian Fields Avenue
    Floor 11
    New Orleans,LA10001     		    Helps musicians, Mardi Gras Indians, and Social Aid & Pleasure Club members get on their feet, earn money from their art, and pass on Americas most unique cultural traditions. 1,000
    LIGHTHOUSE MISSION
    910 West Holly
    Bellingham,WA70117     		    Walk-in rescue mission. 1,000
    EQUAL JUSTICE INITIATIVE
    122 Commerce Street
    Montgomery,AL98225     		    Provides legal representation to indigent defendants and prisoners who have been denied fair and just treatment in the legal system. 1,000
    FRIENDS OF SPINAL MUSCULAR ATROPHY
    1807 Libbie Avenue
    Richmond,VA36104     		    Raise awareness and funds for cure for Spinal Muscular Atrophy 500
    PLOUGHSHARES
    Fort Mason Center
    Suite 104
    San Francisco,CA23226     		    Halt spread of nuclear weapons and environmental waste. 1,000
    JUVENILE JUSTICE
    100 W Coulter Street
    Philadelpiha,PA94123     		    Provides individual and family social services 500
    LEAGUE OF WOMEN VOTERS PA
    226 Forster Street
    Harrisburg,PA19144     		    Encourages informed and active participation in government, works to increase understanding of major public policy issues, and influences public policy through education and advocacy. 1,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 West 20th Street
    New York,NY17102     		    Works for preservation of healthy worldwide environment. 400
    PHILABUNDANCE
    6950 Germantown Avenue
    Philadelpiha,PA10011     		    Collects and distributes food to the hungry in the Delaware Valley in Pennsylvania 500
    ABINGTON ART CENTER
    515 Meeting House Road
    PO Box 18927
    Jenkintown,PA19119     		    Non-profit organization offering opportunity to appreciate and create art 500
    ACHIEVABILITY
    Development Department
    Philadelpiha,PA19046     		    Helps single parent, low income, formerly homeless families reach and sustain permanent self-sufficiency 500
    BRIAR BUSH NATURE CENTER
    1212 Edge Hill Raod
    21 South 61st Street
    Abington,PA19139     		    Provides programs for public to learn about and appreciate nature 1,200
    NATIONAL ORGANIZATION FOR HEARING RESEARCH
    225 Haverford avenue
    Narberth,PA19001     		    Provides seed money for research into prevention of treatment of hearing loss and deafness 200
    WHYYCHANNEL 12
    150 N 6th Street
    Suite 1
    Philadelpiha,PA19072     		    Public radio and television station 100
    PHILADELPHIA PHYSICIANS FOR SOCIAL RESPONSIBILITY
    704 N 23rd Street
    Philadelphia,PA19106     		    Educate the general public, to take a stand against nuclear weapons 300
    CURTIS INSTITUTE
    1726 Locust Street
    Philadelphia,PA19130     		    Higher education institution for music 300
    LAUREL HOUSE
    PO Box 765
    Norristown,PA19103     		    Shelter for families in crisis 200
    MC CABE LIBRARY
    C/O Swarthmore College
    Swarthmore,PA19404     		    Educational institution 100
    HARVARD UNIVERSITY
    10Garden Street
    500 Colelge Avenue
    Cambridge,MA02138     		    Higher education institution 100
    PHILADELPHIA YOUNG PLAYWRIGHTS
    7 Benjamin Franklin Parkway
    Philadelphia,PA19103     		    Providing playwriting experiences to Philadelphia and local school districts 2,500
    MOUNT SINAI COMMUNITY MEDICINE
    36 Seventh Avenue
    New York,NY10011     		    Commited to keeping communities informed and safe from environmental factors that pose health risks. 25,000
    PHILADELPHIA MUSEUM OF ART
    Ben Franklin Parkway
    Ground Floor
    Philadelpiha,PA191017646     		    Art museum 5,000
    CURTIS INSTITUTE OF MUSIC
    1726 Locust Street
    PO Box 7646
    Philadelphia,PA19103     		    Higher education institution for music 1,500
    SOUTHERN POVERTY LAW CENTER
    400 Washingotn Avenue
    Montgomery,AL36103     		    Combats racism and intolerance 1,000
    CITY OF HOPE
    1420 Walnut Street
    PO Box 5632
    Philadelphia,PA19102     		    National medical center 1,000
    THE CHILDREN'S COUNTRY WEEK
    1300 Valley Creek Road
    Downingtown,PA19335     		    Non-profit camp for underprivileged children 3,000
    SENIOR ARTISTS INITIATIVE
    7029 Clearview Street
    Philadelphia,PA19119     		    Provides educational information to help senior artists organize and inventory their work 4,000
    THE GESU SCHOOL
    1700 West Thompson street
    Philadelphia,PA191215023     		    An inter-faith partnership to support quality education in North Philadelphia 5,000
    JEWISH FUND FOR JUSTICE
    330 7th Avenue
    New York,NY10001     		    Helps communities break cycle of poverty 3,000
    FEDERATED ALLIED JEWISH APPEAL
    2100 Arch Street
    Suite 1401
    Philadelphia,PA19103     		    Distributes funds to needy and for education 6,500
    SWARTHMORE COLLEGE
    500 College Avenue
    Swarthmore,PA19081     		    Higher education institution 20,000
    FOUNDATION FIGHTING BLINDNESS
    11435 Cronhill Drive
    Owings Mills,MD211172220     		    Drive research to provide preventions, treatments and cures for entire spectrum of retinal degenerative disease 5,000
    AMERICAN CIVIL LIBERTIES
    125 S 9th Street
    Philadelphia,PA19107     		    Civil Liberties Organization 25,000
    MEALS ON WHEELS
    415 East 93rd Street
    Suite 701
    New York,NY10128     		    Provides meals to the homebound elderly 2,000
    DOCTORS WITHOUT BORDERS
    333 7th Avenue
    New York,NY10001     		    International medical humanitarian organization. 2,000
    JUBILEE SCHOOL
    4211 Chester Avenue
    2nd Floor
    Philadelphia,PA19104     		    Educational 3,500
    READER TO READER
    Cardigan Center 38 Woodside Avenue
    Amherst,MA19104     		    Helps the nation's poorest libraries 20,000
    GREEN TREE SCHOOL
    146 West Walnut Lane
    Philadelphia,PA19104     		    Educates children with emotional disturbances who were often excluded from public school programs 20,000
    AMERICAN FRIENDS SERVICE COMMITTEE
    1501 Cherry Street
    Philadelphia,PA19102     		    International relief agency 2,100
    OXFAM AMERICA
    26 West Street
    Boston,MA02111     		    Aids the needy 1,000
    ROSENBACH MUSEUM
    2010 Delancy Place
    Philadelphia,PA19103     		    Maintenance of rare book and manuscript library and museum 500
    QUEST FOR PEACE
    PO Box 5206
    Hyattsville,MD20782     		    Sends school supplies and humanitarian cargo to Nicaragua 200
    ACHIEVABILITY
    Development Department
    Philadelphia,PA19139     		    Helps single parent, low income, formerly homeless families reach and sustain permanent self-sufficiency 500
    AMNESTY INTERNATIONAL
    322 Eighth Avenue
    21 South 61st Street
    New York,NY10001     		    International human rights advocacy 500
    SWARTHMORE COLLEGE
    500 College Avenue
    Swarthmore,PA19081     		    Higher education institution 1,200
    MERCY CORPS
    PO Box 2669
    Portland,WA97208     		    Alleviates suffering, poverty and oppression by helping people build secure, productive and just communities 10,000
    WCC FOUNDATION
    237 W Kellogg Road
    Dept W
    Bellingham,WA98226     		    Champions the needs of students and the initiatives of the Whatcom Community College 5,000
    ARGHAND TRUST
    c/o Chayes
    Cambridge,MA02138     		    Provides agricultural help in Afghanistan 5,000
    CENTER FOR VICTIMS OF TORTURE
    717 East River Raod
    3 Hubbard Pk
    Minneapolis,MN55455     		    Provide healing to victims of government-sponsored torture and to stop its practice 5,000
    PLENTY INTERNATIONAL
    PO Box 394
    Summertwon,TN38483     		    Helps protect and share the world's abundance and knowledge for the benefit of all people 5,000
    HUMAN RIGHTS WATCH
    350 Fifth Avenue
    New York,NY101183299     		    Defends human rights worldwide 5,000
    CENTER FOR CONSTITUTIONAL RIGHTS
    666 Broadway
    34th Fl
    New York,NY100122317     		    Peace and human rights 5,000
    Total .................................bullet 3a 363,400
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 63,567  
    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 41,375  
    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)..   104,942  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13104,942
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,300 2,300    

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

    TY 2010 DepreciationSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 377,233 426,883

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    US Government Securities - End of Year Book Value:

    99,792
    US Government Securities - End of Year Fair Market Value:

    106,395
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 InvestmentsOtherSchedule2
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 1,811,343 1,862,420

    TY 2010 LandEtcSchedule2
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 LegalFeesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,880 1,880    


    TY 2010 OtherExpensesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 301 301    
    TRUSTEES FEES 5,000 5,000    
    OHTER EXPENSES 16 16    
    REGISTRATION FEES 70 70    


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 3,075 3,075    


    TY 2010 TaxesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX EXPENSE 125 125