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 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
THE SPOTTS TRUST CHARLES HERMES TRUSTEE
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 366   Room/suite
City or town, state, and ZIP code
HASTINGS, NE68902
A Employer identification number

47-6126112
B Telephone number (see page 10 of the instructions)

(402) 462-4141
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$1,694,678J Accounting method:
MODIFIED CASH
(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 Dividends and interest from securities...... 32,435 32,435  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 85,964
b Gross sales price for all assets on line 6a 954,969
7 Capital gain net income (from Part IV, line 2)... 85,964
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 790 790  
12 Total. Add lines 1 through 11........ 119,189 119,189  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,895 17,895   0
c Other professional fees (attach schedule).... Click to see attachment 23,365 23,365   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 859 859   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,969 10,969   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,088 53,088   0
25 Contributions, gifts, grants paid........ 68,119 68,119
26 Total expenses and disbursements. Add lines 24 and 25 121,207 53,088   68,119
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,018
b Net investment income (if negative, enter -0-) 66,101
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 49,230 46,088 46,088
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) 21,909 Click to see attachment25,301 26,116
b Investments—corporate stock (attach schedule)........ 1,039,210 Click to see attachment1,023,116 1,215,975
c Investments—corporate bonds (attach schedule)........ 33,232 Click to see attachment35,145 40,273
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 332,798 Click to see attachment344,372 365,726
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment204 Click to see attachment500 Click to see attachment500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,476,583 1,474,522 1,694,678
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......... 697,184 697,184
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 779,399 777,338
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,476,583 1,474,522
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,476,583 1,474,522
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 1,476,583
2 Enter amount from Part I, line 27a...................... 2 -2,018
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,474,565
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 43
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 1,474,522
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 PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 953,260   869,005 84,255
b 1,709     1,709
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       84,255
b       1,709
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 85,964
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 86,890 1,363,248 0.063737
2008 116,219 1,738,683 0.066843
2007 107,627 2,782,434 0.038681
2006 101,720 2,240,890 0.045393
2005 99,486 2,114,447 0.047051
2 Total of line 1, column (d) ...................... 2 0.261705
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 0.052341
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 1,539,355
5 Multiply line 4 by line 3....................... 5 80,571
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 661
7 Add lines 5 and 6......................... 7 81,232
8 Enter qualifying distributions from Part XII, line 4.............. 8 68,119
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 1,322
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 0
3 Add lines 1 and 2............................ 3 1,322
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,322
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
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 0
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 1,322
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)bulletNE
    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 ofbulletMR CHARLES HERMES TRUSTEE Telephone no.bullet (402) 462-4141
    Located atbullet2ND ST JOSEPH AVEHASTINGSNE ZIP+4bullet68901
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    CHARLES HERMES TRUSTEE
    5.00     		0 0 0
    PO BOX 366
    HASTINGS,NE68902
    DAVID BRANDT TRUST ACCT
    5.00     		0 0 0
    PO BOX 366
    HASTINGS,NE68902
    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 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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...........................bullet0
    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
    1,525,650
    b
    Average of monthly cash balances.......................
    1b
    37,147
    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
    1,562,797
    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
    0
    3
    Subtract line 2 from line 1d..........................
    3
    1,562,797
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    23,442
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,539,355
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    76,968
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    76,968
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,322
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,322
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    75,646
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    75,646
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    75,646
    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
    68,119
    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
     
    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
    68,119
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    68,119
    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 75,646
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008....... 20,694
    e From 2009....... 18,814
    fTotal of lines 3a through e......... 39,508
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 68,119
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 68,119
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 7,527 7,527
    (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 31,981
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		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) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		31,981
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 13,167
    d Excess from 2009.... 18,814
    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:
    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
    HASTINGS COLLEGE
    800 TURNER AVE
    HASTINGS,NE68901     		NONE   EDUCATION 11,811
    HASTINGS SYMPHONY ORCHESTRA
    2100 W 6TH
    HASTINGS,NE68901     		NONE   PROMOTION OF THE ARTS 3,000
    SAINT MARK'S PRO-CATHEDRAL
    422 N BURLINGTON
    HASTINGS,NE68901     		NONE   CHARITY 17,030
    HASTINGS COMMUNITY FOUNDATION
    800 W 3RD - RM 232
    HASTINGS,NE68901     		NONE   CHARITY 10,448
    SALVATION ARMY
    400 S BURLINGTON
    HASTINGS,NE68901     		NONE   CHARITY 22,030
    AMERICAN RED CROSS - MID RIVERS CHAPTER
    415 N KANSAS AVE
    HASTINGS,NE68901     		NONE   CHARITY 500
    HEARTLAND PET CONNECTION
    1807 W J ST
    HASTINGS,NE68901     		NONE   CHARITY 500
    CASA OF SOUTH CENTRAL NEBRASKA
    2727 WEST 2ND ST
    HASTINGS,NE68901     		NONE   CHARITY 500
    SPOUSAL ABUSESEXUAL ASSAULT CRISIS CENTER
    220 S BURLINGTON AVE STE 4
    HASTINGS,NE68901     		NONE   CHARITY 500
    MARY LANNING MEMORIAL HOSPITAL - HEALTHY BEGINNINGS
    715 N ST JOSEPH AVE
    HASTINGS,NE68901     		NONE   CHARITY 500
    HASTINGS PUBLIC SCHOOLS - OPPORTUNITY FUND
    1924 W A
    HASTINGS,NE68901     		NONE   CHARITY 500
    YWCA - THE ZONE AFTER SCHOOL PROGRAM
    604 N ST JOSEPH AVE
    HASTINGS,NE68901     		NONE   CHARITY 500
    BIG BROTHERSBIG SISTERS
    312 N LINCOLN AVE
    HASTINGS,NE68901     		NONE   CHARITY 300
    Total .................................bullet 3a 68,119
    bApproved for future payment
    Total ..................................bullet 3b 0
    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 32,435  
    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.....     14 730  
    8Gain or (loss) from sales of assets other than inventory     18 85,964  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCLASS ACTION SETTLEMENT INCOME     01 60  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 119,189 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13119,189
    (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:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL ACCOUNTING FEES 15,495 15,495   0
    BOOKKEEPING FEES 2,400 2,400   0

    TY 2010 GeneralExplanationAttachment
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Identifier Return Reference Explanation
    COLUMN: PURPOSE OF GRANT OR CONTRIBUTION 990-PF, PAGE 11, PART XV TO SUPPORT AND FURTHER EACH ORGANIZATION'S TAX-EXEMPT PURPOSE.

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Name of Bond End of Year Book Value End of Year Fair Market Value
    KELLOGG CO MW +30BP NTS 6.600% 1,049 1,015
    COCA COLA ENTERPRISES 6.125% DUE 8/15/11 1,047 1,035
    SBC COMMUNICATIONS INC 5.875% DUE 8/15/12 1,093 1,077
    GENERAL MILLS INC 6.000% DUE 2/15/12 0 0
    DUKE ENERGY CORP 5.625% DUE 11/30/12 1,011 1,084
    CATERPILLAR FINL SVCS 4.850% DUE 12/7/12 1,005 1,073
    JOHN DEERE CAPITAL CORP 4.500% 998 1,070
    AMERICAN EXPRESS CRD CORP 5.875% DUE 5/2/13 1,083 1,088
    GOLDMAN SACHS GROUP INC 5.150% 991 1,077
    PAC GAS & ELEC CO NTS 4.800% DUE 3/1/14 1,002 1,075
    MORGAN STANLEY NTS 4.750% DUE 4/1/14 943 1,024
    CITIGROUP INC NTS 5.000% DUE 9/15/14 1,880 2,069
    BANK OF AMERICA CORP 5.125% 1,017 1,049
    ENERGY TRANSFER PARTNERS 5.950% 978 1,097
    TOTAL CAPITAL SA B/E 3.000% DUE 6/24/15 1,000 1,021
    J P MORGAN CHASE & CO 5.150% DUE 10/1/15 981 1,058
    BEAR STEARNS COS INC 5.300% DUE 10/30/15 934 1,085
    CISCO SYSTEMS INC MW 5.500% DUE 2/22/16 1,067 1,141
    EQUITY RESIDENTIAL PPTYS 5.125% DUE 3/15/16 891 1,079
    CAPITAL ONE FINCL CORP NTS 6.150% DUE 9/1/16 1,022 1,083
    ONEOK PARTNERS 6.150% DUE 10/1/16 1,026 1,124
    CONCOPHILLIPS CDA FDG 5.625% DUE 10/15/16 1,035 1,137
    COMCAST CORP NEW 6.500% 1,041 1,153
    GENL ELEC CORP 5.625% 2,816 3,290
    MARATHON OIL CORP NTS 5.900% DUE 3/15/18 0 0
    XEROX CORP NTS B/E 6.350% 5/15/18 1,043 1,127
    MCDONALDS CORP 5.000% DUE 2/1/19 1,031 1,094
    AOL TIME WARNER INC 7.625% DUE 4/15/31 785 1,216
    UNITEDHEALTH GROUP INC 5.800% DUE 3/15/36 803 1,015
    VIACOM INC NTS 6.875% 1,557 2,295
    EMBARQ CORP NTS 7.995% DUE 6/1/36 905 1,092
    VODAFONE GROUP PLC 6.150% DUE 2/27/37 1,704 2,141
    ANHEUSER BUSCH COS INC 6.45% DUE 9/1/37 1,407 2,289

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AARON RENTS INC 1,152 1,284
    ACTUANT CORP NEW CL A 1,903 2,634
    AIRGAS INC 0 0
    APOLLO INVESTMENT CORP 1,910 2,149
    ARENA RESOURCES INC 0 0
    ARES CAPITAL CORP 2,053 2,455
    ASPEN INSURANCE HOLDINGS LTD ORD 951 1,087
    ASSOCIATED BANC CORP WISCONSIN 1,808 2,120
    ASSURED GUARANTY LTD 0 0
    AUTOLIV INC 0 0
    BACORPSOUTH INC 0 0
    BANK OF HAWAII CORP 1,225 1,274
    BJ'S WHSL CLUB INC 0 0
    BRIGHAM EXPLORATION CO 1,768 2,859
    BUCYRUS INTL INC NEW 0 0
    CACI INTL INC NEW 1,804 2,135
    CHIMERA INVT CORP 0 0
    CLECO CORP 1,929 2,152
    CNO FINANCIAL GROUP INC COM 1,915 2,386
    CONCHO RESOURCES INC 0 0
    CONSECO INC NEW 0 0
    CONSOLIDATED GRAPHINCS INC 988 1,064
    CORRECTIONS CORP OF AMERICA NEW 1,715 2,129
    DANVERS BANCORP INC 0 0
    DIAMOND HOSPITALITY CO REIT 1,304 1,691
    E*TRADE FIANCIAL CORP 0 0
    EL PASO ELECTRIC CO NEW 1,924 2,504
    ENERSYS 1,349 1,444
    FIFTH STREET FINANCIAL CORP 1,153 1,249
    FIRST CASH FINANCIAL SERVICES 719 1,827
    FIRSTMERIT CORPORATION 1,800 1,859
    GENERAL CABLE CORP 0 0
    GMX RESOURCES INC 0 0
    GOVERNMENT PROPERTIES INCOME TRUST REIT SBI 1,626 1,794
    GRAFTECH INTL LTD 1,353 1,746
    GYMBOREE CORP 0 0
    HANESBRANDS INC 0 0
    HANOVER INSURANCE GROUP INC 2,299 2,803
    HCC INSURANCE HLDGS INC 2,290 2,691
    HEXCEL CORP NEW 771 1,031
    HILLENBRAND INC 0 0
    JONES LANG LASALLE INC 0 0
    KAYDON CORP 0 0
    KBW INC 631 726
    KEY ENERGY SERVICES INC 0 0
    KILROY REALTY CORP 1,066 1,204
    KRATON PERFORMANCE POLYMERS INC 563 929
    LANDSTAR SYSTEMS INC 0 0
    LASALLE HOTEL PROPERTIES SBI 1,256 1,531
    LENNOX INTL INC 804 899
    LINCOLN ELEC HOLDINGS NEW 971 1,371
    LINDSAY CORP 0 0
    LOUISIANA PACIFIC CORP 836 908
    MCGRATH RENTCORP 644 603
    MEDNAX INC 0 0
    MF GLOBAL LTD 1,129 1,279
    MFA MORTGAGE INVESTMENTS INC 0 0
    MICROS SYSTEMS INC 0 0
    MID AMER APARTMENT COMMUNITIES INC 879 1,016
    MYR GROUP INC 806 1,050
    NICE SYSTEMS LTD SPON ADR 0 0
    NORDSON CORP 0 0
    NORTHWEST BANCSHARES INC MD COM 0 0
    NORTHWESTERN CORP NEW 1,548 1,557
    OASIS PETROLEUM INC 1,460 2,468
    OIL STATES INTL INC 1,690 3,269
    PACKAGING CORP OF AMERICA 1,922 2,532
    PATTERSON COMPANIES INC 0 0
    PHILLIPS VAN HEUSEN 1,296 2,457
    PROSPERITY BANCSHARES INC 1,725 2,239
    QLOGIC CORP 1,490 1,515
    REGAL ENTERTAINMENT GROUP CL A 0 0
    REGIS CORP MINN 0 0
    RESOLUTE ENERGY CORP 1,225 1,461
    ROBBINS & MYERS INC 0 0
    SCOTTS MIRACLE GRO CO CL A 1,791 2,894
    SENSIENT TECHNOLOGIES CORP 1,788 2,461
    SILGAN HOLDINGS INC 2,470 3,044
    SILICON LABORATORIES INC 1,282 1,427
    SKYWORKS SOLUTIONS INC 513 1,031
    SMITH A O CORP 758 1,028
    SRA INTL INC CL A 1,785 1,902
    SYBASE INC 0 0
    SYNIVERSE HOLDINGS INC 0 0
    TELEFLEX INC 1,839 1,991
    TENNECO INC 1,223 2,181
    TERRITORIAL BANCORP INC 0 0
    THOMPSON CREEK METALS CO INC 1,669 2,193
    TOWER GROUP INC 1,678 1,894
    TOWERS WATSON & CO CL A 2,362 2,603
    TRANSDIGM GROUP INC 0 0
    TRIQUINT SEMICONDUCTOR INC 569 1,075
    TYLER TECHNOLOGIES INC 800 1,059
    UNIT CORP 2,746 3,068
    UNITED FINL BANCORP INC MD NEW 0 0
    VALASSIS COMMUNICATIONS INC 1,792 1,779
    VALIDUS HOLDINGS LTD 0 0
    VALMONT INDUSTRIES INC 2,129 2,484
    VANTAGE DRILLING CO ORD 0 0
    VARIAN SEMICONDUCTOR EQUIPMENT ASSOC INC 0 0
    WADDELL & REED FINANCIAL INC CL A 1,634 1,941
    WALTER INDUSTRIES INC 0 0
    WASHINGTON FEDERAL INC 2,077 2,386
    WASTE CONNECTIONS INC 1,173 1,569
    WATSON WYATT WORLDWIDE INC CL A 0 0
    WEST PHARACEUTICAL SERVICES INC 908 1,154
    WESTCO INTL INC 2,242 3,590
    WILEY JOHN & SONS INC CL A 1,491 1,855
    WOLVERINE WORLD WIDE INC 1,640 1,945
    AMCOR LTD ADR NEW AU ADR 1,491 1,831
    ASTELLAS PHARMA INC ADR 3,113 3,307
    BANCO SANTANDER SA SPON ADR 2,204 2,045
    BAYER A G SPON ADR 0 0
    BG GROUP PLC SPON ADR 1,368 3,468
    BNP PARIBAS SA ADR 0 0
    BP PLC SPON ADR 5,186 3,578
    CANON INC ADR JAPAN 3,741 5,339
    CARREFOUR SA ADR 2,043 2,187
    DEUTSCHE TELEKOM AG DE SPON ADR 5,141 3,776
    ENI SPA IT SPON ADR 2,578 2,668
    FOSTERS GROUP LTD NEW SPONS ADR 1,805 2,506
    FRANCE TELECOM SA SPON ADR 3,118 3,204
    GLAXO SMITHKLINE PLC ADR 7,058 5,334
    HONG KONG ELEC HLDGS LTD 1,533 2,125
    IBERDOLA SA SPON ADR 4,448 3,862
    ING GROEP N V NL SPON ADR 4,899 2,418
    KAO CORP REPSTG 10 SHS COM SPON ADR 4,662 4,679
    KONINKLIJKE AHOLD NV NEW 2007 1,365 1,332
    NATIONAL GRID TRANSCO PLC SPON ADR 1,880 1,509
    NATL AUSTRALIA BANK LTD SPON ADR 0 0
    NIPPON TELEG & TEL CORP SPON ADR 1,461 1,583
    NOVARTIS AG SPON ADR 5,535 5,895
    REED ELSEVIER NV NEW REPSTG 2 ORD SHS SPON ADR 3,372 2,563
    ROYAL DUTCH SHELL PLC CL A SPON ADR 4,250 4,541
    RWE AG ADR 3,526 3,651
    SANOFI-AVENTIS SA SPON ADR 3,722 3,545
    SASOL LTD SPON ADR 0 0
    SEVEN & I HLDGS CO LTD ADR 3,330 3,896
    SIEMENS A G SPON ADR 0 0
    SINGAPORE TELECOM LTD NEW 2006 SPON ADR 2,937 3,040
    SOCIETE GENERALE FRANCE SPONS ADR ADR 5,330 2,783
    STORA ENSO OYJ REPSTG SER R SHS 0 0
    TAIWAN SEMICONDUCTOR MFG CO LTD ADR 2,563 3,323
    TAKEDA PHARMACEUTICAL CO 3,831 3,531
    TELECOM CORP NEW ZEALAND LTD 1,947 1,084
    TELEFONICA S A SPON ADR 3,524 4,926
    TELSTRA CORP LTD (FINAL) ADR 3,651 3,315
    TESCO PLC SPONS ADR UNITED KINGDOM 1,377 1,352
    TOKIO MARINE HOLDINGS INC CPON ADR 3,913 3,848
    TOTAL SA FRANCE SPON ADR 5,309 4,760
    TOYOTA MOTOR CORP NEW JAPAN SPON ADR 2,506 2,752
    UNILEVER PLC AMER SHS NEW SPON ADR 4,288 5,775
    UNTD OVERSEAS BK LTD SPONS ADR SINGAPORE 1,830 2,127
    UPM KYMMENE CORP SPON ADR 0 0
    VINCI SA ADR 1,885 2,007
    VODAFONE GROUP PLC NEW SPON ADR 2,667 3,226
    ZURICH FINANCIAL SVCS SPON ADR 2,026 2,227
    ALEXANDRIA REAL ESTATE EQUITIES 943 1,099
    AMB PPTY CORP 692 1,332
    AMEICAN CAMPUS COMMUNITIES INC REITS 514 540
    AVALONBAY COMMUNITIES INC SBI 1,868 3,489
    BIOMED REALTY TRUST INC REITS 703 1,194
    BOSTON PROPERTIES INC 2,548 3,616
    BROOKFIELD PROPERTIES CORP CAD 740 754
    CAMDEN PPTY TR SBI 1,052 2,051
    CAMPUS CREST CMNTYS INC COM 364 407
    CORESITE RLTY CORP COM REIT 355 300
    CORPORATE OFFICE PPTYS NEW SBI 346 350
    DCT INDUSTRIAL TRUST INC REIT 540 727
    DEVELOPERS DIVERSIFIED REALTY CORP 836 1,127
    DIGITAL REALTY TRUST INC REIT 451 670
    DUPONT FABROS TECHNOLOGY INC 359 1,191
    ENTERTAINMENT PROPERTIES TR 799 1,388
    EQUITY LIFESTYLE PROPERTIES INC REIT 705 895
    EQUITY RESIDENTIAL SBI 2,623 5,195
    ESSEX PROPERTY TRUST INC 433 685
    EXTRA SPACE STORAGE INC REITS 718 1,705
    FEDERAL RLTY INV TR BI MD 1,484 2,104
    FIRST POTOMAC REALTY TRUST SBI 996 1,278
    HCP INC 2,111 3,127
    HEALTH CARE REIT INC 644 667
    HOST HOTELS & RESORTS INC 1,342 2,984
    HRPT PROPERTIES TRUST SBI 0 0
    KILROY REALTY CORP 1,186 1,860
    KIMCO REALTY CORP 0 0
    KITE REALTY GROUP TRUST REITS 326 519
    LIBERTY PROPERTY TRUST 1,277 1,883
    MACERICH COMPANY 933 2,511
    MACK-CALI REALTY CORP 0 0
    NATIONAL RETAIL PROPERTIES INC REIT 682 928
    NATIONWIDE HEALTH PPTY INC 1,962 2,547
    OMEGA HEALTHCARE INV INC 978 1,571
    PEBBLEBROOK HOTEL TR 734 772
    PIEDMONT OFFICE RLTY TR INC CL A 618 765
    PLUM CREEK TIMBER CO INC REIT 0 0
    POST PROPERTIES INC 0 0
    PUBLIC STORAGE INC 2,433 3,550
    RAMCO-GERSHENSON PROPERTIES MD NEW SBI 539 598
    REALTY INCOME CORP MD SBI 0 0
    REGENCY CENTERS CORP 1,658 1,901
    RETAIL OPPORTUNITY INVTS CORP COM 496 466
    SIMON PPTY GROUP INC SBI 4,079 7,661
    STARWOOD HOTELS & RESORTS WORLDWIDE INC NEW 525 1,216
    TAUBMAN CENTERS INC 0 0
    VORNADO REALTY TRUST 1,962 3,333
    ABBOTT LABORATORIES 7,523 7,426
    ADOBE SYSTEMS INC 0 0
    AFLAC INC 0 0
    AIR PRODUCTS & CHEMICALS INC 0 0
    APPLE INC 5,352 9,032
    BANCO SANTANDER CENT HISPANO SPON ADR STD 7,521 6,486
    BANK OF AMERICA CORP 6,524 5,843
    BAXTER INTL INC 10,109 8,251
    BOEING CO 6,124 7,374
    CONAGRA FOODS INC 0 0
    CONOCO PHILLIPS 9,418 10,147
    DEERE & CO 6,323 9,302
    DIAGEO PLC SPON ADR NEW 7,880 8,325
    DOMINION RESOURCES INC VA NEW 0 0
    DOW CHEMICAL COMPANY 7,979 9,457
    EMC CORP MASS 7,933 12,183
    EAST WEST BANCORP 3,926 5,748
    EBAY INC 7,794 9,657
    ELI LILLY & CO 7,255 6,272
    FPL GROUP INC 0 0
    GENTEX CORP 0 0
    HEINZ H J CO COMMON 6,542 7,221
    HERSHEY COMPANY 5,543 7,167
    HESS CORPORATION 5,674 8,726
    HOME DEPOT INC 6,796 8,975
    HOSPIRA INC 6,327 8,242
    INTL BUSINESS MACHINES CORP 10,174 12,475
    INTUIT INC 5,580 9,170
    JP MORGAN CHASE & CO 8,730 9,757
    KELLOGG CO 0 0
    L OREAL CO ADR 0 0
    M&T BANK CORP 6,178 8,444
    MITSUBISHI UFJ FINANCIAL GROUP INC ADR 8,202 6,752
    MOLEX INC CL A 4,459 4,699
    NEXTRA ENERGY INC 7,242 7,279
    NORSTROM INC 7,796 8,985
    NORTHERN TRUST CORP 8,838 9,032
    NORTHROP GRUMMAN CORP 7,731 8,940
    ORACLE CORP 6,810 10,579
    JC PENNEY CO INC 6,812 6,268
    POLO RALPH LAUREN CORP CL A 4,868 8,319
    QEP RESOURCES INC 3,505 4,938
    QUESTAR CORP 4,146 4,857
    SAFEWAY INC NEW 6,731 6,140
    SCHWAB CHARLES CORP NEW 4,115 4,568
    SPX CORP 5,278 6,720
    TEXAS INSTRUMENTS INC 6,800 9,555
    TIME WARNER INC NEW 6,358 7,399
    UNILEVER N V ADR 6,319 7,316
    VODAFONE GROUP PLC SPONS ADR NEW 7,192 8,196
    WEATHERFORD INTL LTD NEW (BERMUDA) 8,682 8,618
    ZIONS BANCORP 7,238 9,668
    ABBOTT LABORATORIES 0 0
    ACCENTURE LTD 0 0
    ADOBE SYSTEMS INC 6,728 7,387
    AEROPOSTALE INC 0 0
    AIR PRODUCTS & CHEMICALS INC 0 0
    ALLEGHENY TECHNOLOGIES INC 11,062 12,691
    ALLERGAN INC 8,530 8,996
    AMAZON.COM INC 11,914 17,280
    AMERICAN EXPRESS COMPANY 0 0
    AMERICAN TOWER CORP CL A 10,055 12,187
    AMGEN INC 6,329 6,314
    ANALOG DEVICES INC 0 0
    APACHE CORP COMMON 0 0
    APOLLO GROUP INC CL A 0 0
    APPLE INC 16,732 36,127
    AUTOZONE INC 0 0
    AVON PRODUCTS INC 0 0
    BANK OF AMERICA CORP 0 0
    BAXTER INTERNATIONAL INC 0 0
    BECTON DICKINSON & CO 0 0
    BEST BUY CO INC 0 0
    BOEING CO 11,736 11,421
    BORG WARNER INC 5,547 8,177
    BROADCOM CORP CL A 0 0
    CAMERON INTERNATIONAL CRP 6,028 7,356
    CANADIAN NATURAL RESOURCES LTD 10,384 13,370
    CATERPILLAR INC 7,221 9,741
    CELGENE CORP 8,555 8,575
    CHECK POINT SOFTWARE TECH LTD 7,683 9,900
    CISCO SYSTEMS INC 6,824 5,988
    CITRIX SYSTEM INC 13,828 17,239
    CME GROUP INC 5,651 5,792
    COACH INC 3,651 5,642
    COCA-COLA COMPANY 14,115 15,982
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A 0 0
    COLGATE-PALMOLIVE CO 5,229 5,626
    CORNING INC 6,962 7,515
    COVIDIEN LTD 5,915 5,571
    CTRIP.COM INTERNATIONAL LTD ADR 5,295 4,571
    CUMMINS INC 7,318 11,331
    DANAHER CORP 5,263 6,274
    DELTA AIR LINES INC NEW 0 0
    DENBURY RESOURCES INC NEW 2,594 2,959
    DIRECTV CL A COMMON 0 0
    DOLLAR TREE STORES 0 0
    EMC CORP MASS 5,767 8,198
    EATON CORPORATION 0 0
    EBAY INC 0 0
    ELI LILY & CO 0 0
    EMERSON ELECTRIC CO 4,997 6,460
    EOG RESOURCES INC 7,594 7,039
    EXPRESS SCRIPTS INC CL A 5,677 6,054
    FLOWSERVE CORP 0 0
    FORD MOTOR CO 0 0
    FRANKLIN RESOURCES INC 0 0
    FREEPORT-MCMORAN COPPER & GOLD INC CL B 17,714 22,217
    F5 NETWORKS INC 2,790 4,165
    GILEAD SCIENCES INC 0 0
    GOLDMAN SACHS GROUP INC 0 0
    GOOGLE INC CL A 0 0
    H & R BLOCK 0 0
    HEWITT ASSOCIATES INC 0 0
    HEWLETT-PACKARD COMPANY 0 0
    ILLINOIS TOOL WORKS INC 0 0
    INGERSOLL-RAND PLC 0 0
    INTEL CORP 0 0
    INTERNATIONAL BUSINESS MACHINE CORP 0 0
    INVESCO PLC 0 0
    ITT EDUCATIONAL SERVICES INC 0 0
    JOHNSON & JOHNSON 0 0
    JOHNSON CONTROLS INC 0 0
    JOY GLOBAL INC 0 0
    JP MORGAN CHASE & CO 5,619 5,812
    JUNIPER NETWORK INC 5,438 5,833
    KIMBERLY-CLARK CORP 0 0
    LABORATORY CORP OF AMER HLDGS 4,966 5,539
    LOCKHEED MARTIN CORP 0 0
    LOWES COMPANIES INC 0 0
    MARVELL TECHNOLOGY GROUP LTD 0 0
    MASTERCARD INC CL A 0 0
    MCDONALD'S CORP 9,919 10,209
    MCGRAW-HILL COMPANIES INC 0 0
    MCKESSON CORPORATION 0 0
    MEAD JOHNSON NUTRITION CO CL A 6,594 7,844
    MICROSOFT CORP 0 0
    MOTOROLA INCORPORATED 0 0
    NATIONAL OILWELL VARCO INC 0 0
    NETAPP INC 6,587 8,244
    NETFLIX.COM INC 12,086 14,232
    NOBLE ENERGY INC 0 0
    NORDSTROM INC 5,093 5,848
    OCCIDENTAL PETE CORP 0 0
    ORACLE CORPORATION 17,929 21,660
    OWENS ILLINOIS INC NEW 0 0
    PARKER HANNIFIN CORP 0 0
    PEPSICO 0 0
    PETROLEO BRASILEIRO - SPON ADR - PETROBRAS 0 0
    PHILIP MORRIS INTERNATIONAL INC 0 0
    POTASH CORP OF SASKATCHEWAN INC 7,989 8,825
    PRAXAIR INC 0 0
    PRECISION CASTPARTS CORP 9,640 10,441
    PRICELINE.COM INC COM NEW 4,834 9,190
    PROCTER & GAMBLE CO 7,986 8,427
    QUALCOMM INC 0 0
    RANGE RESOURCES CORP 4,674 4,633
    RAYTHEON COMPANY 0 0
    ROCKWELL COLLINS 9,227 8,972
    ROSS STORES INC 0 0
    SALESFORCE.COM 6,957 9,768
    SANDISK CORPORATION 5,468 5,634
    SCHLUMBERGER LTD 7,213 8,851
    SOUTHWESTERN ENERGY CO 4,008 3,893
    ST. JUDE MEDICAL INC 0 0
    STAPLES INC 0 0
    STARBUCKS CORP 8,717 10,539
    SUNCOR ENERGY INC NEW 0 0
    TARGET CORP 7,383 8,178
    TD AMERITRADE HOLDING INC 0 0
    TEVA PHARMACEUTICAL ADR INDS LTD 0 0
    TEXAS INSTRUMENTS INC 4,891 6,013
    TIFFANY & CO NEW 0 0
    TIME WARNER INC NEW 0 0
    TJX COS INC NEW 0 0
    TRANSOCEAN INC 0 0
    TYCO INTERNATIONAL LTD SHS 0 0
    UNION PACIFIC CORP 0 0
    UNITED PARCEL SERVICE - B 0 0
    UNITED TECHNOLOGIES CORP 4,923 5,353
    UNITEDHEALTH GROUP INC 9,475 10,147
    V F COPRORATION 6,554 6,894
    VISA INC CL A 6,234 6,264
    WALMART STORES INC 0 0
    WELLPOINT INC 0 0
    WESTERN DIGITAL CORP 0 0
    WESTERN UNION CO 0 0
    WYNN RESORTS LTD 0 0
    YAHOO INC 0 0
    3M CO 9,721 10,270

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    US Government Securities - End of Year Book Value:

    25,301
    US Government Securities - End of Year Fair Market Value:

    26,116
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES TRUST RUSSELL 2000 VALUE INDEX FD AT COST 3,624 3,910
    LOOMIS SAYLES SECURITIZED ASSET AT COST 56,842 61,473
    LOOMIS SAYLES HIGH INCOME OPOORTUNITIES AT COST 51,013 52,968
    BLACKROCK US OPPORTUNITIES PORTFOLIO CLASS C AT COST 25,384 35,730
    BLACKROCK GLOBAL ALLOCATION FD INC CL C AT COST 52,605 56,289
    EUROPACIFIC GROWTH FUND CLASS C AT COST 31,112 29,305
    FIDELITY ADVISOR LEVERAGED COMPANY STOCK FD CL C AT COST 9,132 10,115
    FIRST EAGLE GLOBAL FUND CLASS C AT COST 53,766 60,802
    MUTUAL SERIES FD INC QUEST CLASS C AT COST 32,955 28,746
    MAINSTAY LARGE CAP GROWTH FD CL C AT COST 27,939 26,388
    FRANKLIN MUTUAL QUALIFIED FUND CLASS C AT COST 0 0

    TY 2010 OtherAssetsSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS RECEIVABLE 204 500 500


    TY 2010 OtherDecreasesSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Description Amount
    2009 FEDERAL INCOME TAX EXPENSE 43


    TY 2010 OtherExpensesSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 121 121   0
    MISCELLANEOUS 10,848 10,848   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UBS FINANCIAL SVCS - NONDIVIDEND DISTRIBUTION 23 23 23
    UBS FINANCIAL SVCS - NONDIVIDEND DISTRIBUTION 35 35 35
    UBS FINANCIAL SVCS - NONDIVIDEND DISTRIBUTION 605 605 605
    WELLS FARGO ADVISORS - NONDIVIDEND DISTRIBUTION 67 67 67
    CLASS ACTION SETTLEMENT INCOME 60 60 60


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT BROKER AND MONEY MANAGER FEES 23,365 23,365   0


    TY 2010 TaxesSchedule
    Name:
    THE SPOTTS TRUST CHARLES HERMES TRUSTEE
    EIN: 47-6126112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 859 859   0