TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010

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

Amended returnAddress changeName change

Name of foundation
SCHMIDT-MESSMER PERPETUAL CHARITABLE
TRUST R74426009 R74427007

Number and street (or P.O. box number if mail is not delivered to street address)JPMORGAN CHASE BANKNAPOBOX 3038 Room/suite

City or town, state, and ZIP code
MILWAUKEE, WI53201

A Employer identification number

61-6232326

B Telephone number (see page 10 of the instructions)

(414) 977-1210

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$6,586,459J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	49		49
4	Dividends and interest from securities......	143,563		143,665
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		155,998
b	Gross sales price for all assets on line 6a 3,699,989
7	Capital gain net income (from Part IV, line 2)...			179,289
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).......
12	Total. Add lines 1 through 11........	299,610		323,003
13	Compensation of officers, directors, trustees, etc.	40,534		30,400	10,134
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		825	0	825
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		2,052	1,058	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		34	669	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	43,445		32,127	10,959
25	Contributions, gifts, grants paid........	322,240			322,240
26	Total expenses and disbursements. Add lines 24 and 25	365,685		32,127	333,199
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-66,075
b	Net investment income (if negative, enter -0-)			290,876
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	190,739	23,290	23,290
	2	Savings and temporary cash investments..........	202,473	284,020	284,020
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	2,921,939	3,053,031	3,575,426
	c	Investments—corporate bonds (attach schedule)........	2,688,592	2,579,074	2,703,723
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,003,743	5,939,415	6,586,459
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	6,003,743	5,939,415
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	6,003,743	5,939,415
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	6,003,743	5,939,415

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	6,003,743
2	Enter amount from Part I, line 27a......................	2	-66,075
3	Other increases not included in line 2 (itemize)	3	5,044
4	Add lines 1, 2, and 3..........................	4	5,942,712
5	Decreases not included in line 2 (itemize)	5	3,297
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	5,939,415

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	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES
b	POWERSHARES DB COMMODITY TRACKING INDEX FD ST CAP GAIN	P	2010-12-31
c	POWERSHARES DB COMMODITY TRACKING INDEX FD LT CAP GAIN	P	2010-12-31
d	POWERSHARES DB COMMODITY TRACKING INDEX FD SEC 1256 ST CAP GAIN	P	2010-12-31
e	POWERSHARES DB COMMODITY TRACKING INDEX FD SEC 1256 LT CAP GAIN	P	2010-12-31
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,674,949	3,520,700	154,249
b	3		3
c	961		961
d	8,931		8,931
e	13,396		13,396
	1,749		1,749

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			154,249
b			3
c			961
d			8,931
e			13,396
			1,749

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	179,289
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	345,599	5,736,905	0.060241
2008	362,742	6,987,467	0.051913
2007	236,258	7,569,326	0.031213
2006	62,174	4,815,322	0.012912
2005	86,152	2,168,331	0.039732

2	Total of line 1, column (d) ......................	2	0.196011
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	0.039202
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	6,290,881
5	Multiply line 4 by line 3.......................	5	246,615
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,909
7	Add lines 5 and 6.........................	7	249,524
8	Enter qualifying distributions from Part XII, line 4..............	8	333,199
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,909
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	2,909
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,909
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	1,240
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	1,240
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,669
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

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

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

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

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

JPMORGAN CHASE BANK NA Telephone no. bullet

(502) 566-3943

Located at bullet

416 WEST JEFFERSON FL 3LOUISVILLEKY ZIP+4 bullet

40202

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

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

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

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

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

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JPMORGAN CHASE BANK NA	TRUSTEE 4.00	40,534	0	0
PO BOX 3038 MILWAUKEE,WI53201	TRUSTEE 4.00	40,534	0	0

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









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

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

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

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

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


2


All other program-related investments. See page 24 of the instructions.
3		0

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

Part X

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

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

purposes:

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

6,033,468

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

353,213

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

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

6,386,681

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

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

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

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

6,386,681

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

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

95,800

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

6,290,881

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

314,544

Part XI

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

and do not complete this part.)

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

314,544

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

2,909

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

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

2,909

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

311,635

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

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

311,635

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

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

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

311,635

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

333,199

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

333,199

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

2,909

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

330,290

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

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7				311,635
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......			277,343
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.......
e From 2009.......
fTotal of lines 3a through e.........	0
4Qualifying distributions for 2010 from Part
XII, line 4: $ 333,199
a Applied to 2009, but not more than line 2a			277,343
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.....				55,856
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2010.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...		0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........			0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........				255,779
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........	0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............	0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2006....
b Excess from 2007....
c Excess from 2008....
d Excess from 2009....
e Excess from 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 section4942(j)(3) or4942(j)(5)

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

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

Check here bullet

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

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

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)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHILDREN'S HOSPITAL FOUNDATION 224 E BROADWAY 5TH FL LOUISVILLE,KY40202	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,035
LITTLE SISTERS OF THE POOR 15 AUBUBON PLAZA DR LOUISVILLE,KY402171371	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,035
MISSIONARIES OF CHARITY INC 335 E 145TH ST NEW YORK,NY10451	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,034
NAZARETH LITERARY & BENEVOLENT INSTITUTION SCN CENTER BOX 172 NAZARETH,KY40048	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,034
SALVATION ARMY 216 W CHESTNUT ST P O BOX 2229 LOUISVILLE,KY402012229	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,034
SOCIETY FOR PROPAGATION OF FAITH 366 5TH AVE 12TH FL NEW YORK,NY10001	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,034
WHAS CRUSADE FOR CHILDREN 520 W CHESTNUT ST LOUISVILLE,KY40202	NONE	PUBLIC CHARITY	PROGRAM SUPPORT	46,034
Total ................................. 3a				322,240

bApproved for future payment

Total .................................. 3b				0

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	49
4 Dividends and interest from securities....			14	143,563
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	155,998
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		299,610	0

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

13299,610

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2010 AccountingFeesSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE	825	0		825

- TIN:

TY 2010 AllOthProgRltdInvestmentsSch

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Category	Amount
N/A	0

- TIN:

TY 2010 ExplnOfNonFilingWithAGStmt

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Statement:

NO FILING REQUIRED WITH KENTUCKY ATTORNEY GENERAL

- TIN:

TY 2010 InvestmentsCorpBondsSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GOLDMAN SACHS TRUST HIGH YIELD FUND INST - 35128 SHS	248,355	256,434
ISHARES BARCLAYS TIPS BOND FUND - 1417 SHS	144,467	152,356
JPM GOVERNMENT BOND FD - SEL - 68075.455 SHS	713,592	739,299
JPM HIGH YIELD FD - SEL - 40119.494 SHS	319,360	326,974
DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 8928.391 SHS	126,772	129,105
JPM STR INC OPP FD- 16485.385 SHS	167,138	195,022
JPM INTL CURRENCY INCOME FD - 5866.733 SHS	63,595	66,001
BELLSOUTH CORP NTS 6.0% 10/15/11-15,000	16,168	15,637
CITIGROUP INC 6% FEB 21 2012- 45000 SHS	48,738	47,204
HOUSEHOLD FINANCE CORP NOTES 7% MAY 15 2012 - 20000	21,973	21,459
GENERAL ELECTRIC CAPITAL CORP MED TERM NTS 6% JUN 15 2012 - 40000	43,122	42,760
BANK OF AMERICA CORP SR NOTES 6 1/4% APR 15 2012 - 35000	38,545	36,867
SBC COMMUNS INC NTS 5 7/8% AUG 15 2012 - 15000 SHS	15,915	16,161
VERIZON GLOBAL FUNDING CORP NTS 7 3/8% SEP 1 2012- 15000	15,345	16,561
WELLS FARGO COMPANY NTS 5% NOV 15 2014 - 25000	24,215	26,547
BOEING COMPANY NOTES 5 1/8% FEB 15 2013 - 5000	5,031	5,412
GOLDMAN SACHS GROUP INC NTS 5 1/4% APR 1 2013- 35000 SHS	35,451	37,574
AMERICAN EXPRESS NOTES 4 7/8% JUL 15 2013 - 10000 SHS	10,262	10,690
DAIMLERCHRYSLER NA HOLDINGS NTS 6 1/2% NOV 15 2013 - 5000 SHS	5,215	5,660
METLIFE INC NOTES 5% NOV 24 2013 20000 SHS	19,780	21,671
WAL-MART STORES NTS 4 1/8% FEB 15 2011 - 10000 SHS	10,063	10,042
MORGAN STANLEY NOTES 4 3/4% APR 1 2014- 25000 SHS	25,107	25,601
BRISTOL-MYERS SQUIBB NOTES 5 1/4% AUG 15 2013- 20000 SHS	20,470	22,108
MERCK & CO 4 3/4% MAR 1 2015 - 10000 SHS	9,508	11,012
KIMBERLY-CLARK CORP 4 7/8% AUG 15 2015 - 20000 SHS	19,681	22,165
ORACLE CORPORATION NOTES 5 1/4% JAN 15 2016 DTD 1/13/2006 - 15000 SHS	14,332	16,864
BHP BILLITON FINANCE USA 5 1/4% DEC 15 2015- 10000 SHS	9,945	11,106
PITNEY BOWES INC MED TERM NT 4 7/8% AUG 15 2014- 10000 SHS	9,801	10,532
GENERAL ELECTRIC CAPT CORP MED TERM NTS 5.40% FEB 15 2017 - 30000	28,666	32,113
MERRILL LYNCH & CO MEDIUM TERM NT 6.05% AUG 15 2012- 25000 SHS	25,043	26,473
DIAGEO CAPITAL PLC NOTES 5 3/4% OCT 23 2017	10,312	11,342
NUCOR CORPORATION NOTES 5 3/4% DEC 01 2017- 8000 SHS	8,812	9,015
ALABAMA POWER COMPANY 4.85% DEC 15 2012 5000 SHS	4,970	5,363
HONEYWELL INTL 5.3% MAR 01 2018 - 10000 SHS	10,739	11,128
ALLSTATE LF GLB FN TRST MEDIUM TERM NTS 5 3/8% APR 30 2013 - 15000	14,803	16,334
CONOCOPHILLIPS 5.2% MAY 15 2018- 10000 SHS	8,421	11,062
TRAVELERS COS INC SR NOTES 5.8% MAY 15 2018 5000 SHS	4,429	5,601
EATON CORP NOTES 5.6% MAY 15 2018 10000 SHS	10,652	11,080
E.I. DU PONT DE NEMOURS SR NTS 6% JUL 15 2018 - 10000	10,160	11,498
PUBLIC SERVICE COLORADO 5.8% AUG 01 2018 - 10000 SHS	9,712	11,409
NATIONAL CITY CORP 4.9% JAN 15 2015- 10000 SHS	9,402	10,710
NATIONAL RURAL UTIL CORP 10 3/8% NOV 01 2018- 5000 SHS	7,118	6,897
BP CAPITAL MARKETS PLC 5 1/4% NOV 07 2013- 5000 SHS	4,495	5,415
SOUTHERN CALIF GAS CO 5 1/2% MAR 15 2014 - 5000 SHS	5,502	5,509
AMERPRISE FINANCIAL INC 5.65% NOV 15 2015 - 8000 SHS	9,173	8,865
ACE INA HOLDINGS 5.8% MAR 15 2018- 5000 SHS	4,661	5,526
TRANS - CANADA PIPELINES 7 1/8% JAN 15 2019 5000 SHS	5,266	6,120
NOVARTIS SECS INVEST LTD 5 1/8% FEB 10 2019 - 10000 SHS	10,416	11,060
CATERPILLAR FINACIAL SE MEDIUM TERM NTE 7.15% FEB 15 2019 - 10000	11,705	12,297
MIDAMERICAN ENERGY CO 5.3% MAR 15 2018 - 5000 SHS	4,989	5,550
COCA COLA CO SR NOTES 3 5/8% MAR 15 2014 - 15000 SHS	14,932	15,876
WYETH 5.45% APR 01 2017- 10000 SHS	9,635	11,298
COMERICA BANK FLOATING RATE NTE MAY 22 2012- 8000 SHS	7,656	7,978
WESTPAC BANKING CORP NTS 4 7/8% NOV 19 2019- 8000 SHS	7,994	8,406
BLACKROCK INC 5% DEC 10 2019 - 5000 SHS	4,975	5,221
BANK OF NOVA SCOTIA 3.4% JAN 22 2015 - 10000 SHS	10,055	10,379
TOTAL CAPITAL SA 2.3% MAR 15 2016 5000 SHS	5,043	4,972
WAL MART STORES INC SR NTS 3 1/4% OCT 25 2020 DTD 10/25/2010 - 5000 SHS	4,939	4,699
CREDIT SUISSE FB USA INC NOTES 6 1/8% NOV 15 2011 25000 SHS	26,836	26,194
HOME DEPOT INC SR NOTES 5.40% MAR 1 2016 - 10000 SHS	9,927	11,206
WACHOVIA CORP SR NOTES 5.30% OCT 15 2011 - 20000 SHS	18,843	20,730
HEWLETT-PACKARD CO NOTES 5 1/2% MAR 01 2018 - 10000 SHS	10,211	11,267
SIMON PROPERTY GROUP LP SR NOTES 10.35% APR 01 2019 - 8000 SHS	11,156	10,938
DELL INC 5.65% APR 15 2018 5000 SHS	5,288	5,476
AFLAC INC SR NOTES 8 1/2% MAY 15 2019 - 8000 SHS	10,192	9,892

- TIN:

TY 2010 InvestmentsCorpStockSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES - 155 SHS	7,706	7,426
ALEXION PHARMACS INC - 20 SHS	1,123	1,611
AMAZON COM INC - 35 SHS	4,104	6,300
AMERICAN EXPRESS CO - 50 SHS	2,114	2,146
APACHE CORP - 70 SHS	6,987	8,346
APPLE INC. - 45 SHS	6,247	14,515
BB & T CORP - 65 SHS	1,173	1,709
BAKER HUGHES INC - 65 SHS	3,353	3,716
CVS CAREMARK CORP - 143 SHS	3,223	4,972
CAMPBELL SOUP COMPANY - 50 SHS	1,824	1,738
CARDINAL HEALTH INC - 110 SHS	3,269	4,214
CELGENE CORPORATION - 70 SHS	3,283	4,140
CISCO SYSTEMS INC - 471 SHS	8,754	9,528
CITRIX SYSTEMS INC - 25 SHS	1,717	1,710
COLGATE PALMOLIVE CO - 35 SHS	2,758	2,813
WALT DISNEY CO - 145 SHS	3,178	5,439
DOW CHEMICAL CO - 125 SHS	3,597	4,268
E I DU PONT DE NEMOURS & CO - 195 SHS	7,434	9,727
E M C CORP MASS - 125 SHS	2,562	2,863
FREEPORT-MCMORAN COPPER & GOLD INC CL B - 75 SHS	3,390	9,007
GENERAL ELECTRIC CO - 175 SHS	2,678	3,201
GENERAL MILLS INC - 75 SHS	2,427	2,669
INTERNATIONAL BUSINESS MACHINES CORP - 41 SHS	3,883	6,017
JOHNSON CONTROLS INC - 230 SHS	5,627	8,786
KELLOGG CO - 25 SHS	1,220	1,277
LENNAR CORP - 50 SHS	774	938
LOWES COMPANIES INC - 100 SHS	2,305	2,508
MATTHEWS PACIFIC TIGER FD - 3248 SHS	62,524	76,133
MICROSOFT CORP - 529 SHS	14,963	14,764
MORGAN STANLEY - 108 SHS	2,520	2,939
NATIONAL-OILWELL VARCO INC - 25 SHS	1,570	1,681
NIKE INC B - 35 SHS	2,015	2,990
NORFOLK SOUTHERN CORP - 150 SHS	5,958	9,423
NOVELLUS SYSTEMS INC - 95 SHS	2,419	3,070
OCCIDENTAL PETROLEUM CORP - 90 SHS	5,260	8,829
ORACLE CORP - 215 SHS	4,934	6,730
PACCAR INC - 115 SHS	3,942	6,594
PARKER-HANNIFIN CORP - 15 SHS	603	1,295
PEPSICO INC - 65 SHS	3,871	4,246
PFIZER INC - 555 SHS	8,524	9,718
PROCTER & GAMBLE CO - 150 SHS	8,519	9,650
QUALCOMM INC - 154 SHS	4,385	7,621
T ROWE PRICE INTL FUNDS INC NEW ASIA FUND - 13067.181 SHS	168,269	250,629
SPDR S&P 500 ETF TRUST - 832 SHS	92,036	104,624
SANDISK CORP - 35 SHS	1,529	1,745
SOUTHERN CO - 80 SHS	2,475	3,058
SPRINT NEXTEL CORP - 525 SHS	2,226	2,221
STAPLES INC - 190 SHS	4,035	4,326
STATE STREET CORP - 25 SHS	994	1,159
SYSCO CORP - 55 SHS	1,742	1,617
UNITED TECHNOLOGIES CORP - 100 SHS	5,599	7,872
XILINX CORP - 75 SHS	2,123	2,174
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 65 SHS	3,336	4,764
SEMPRA ENERGY - 35 SHS	1,830	1,837
CITIGROUP INC - 1400 SHS	5,927	6,622
WELLS FARGO & CO - 245 SHS	5,742	7,593
BANK OF AMERICA CORP - 483 SHS	11,051	6,443
GOLDMAN SACHS GROUP INC - 35 SHS	3,418	5,886
DEVON ENERGY CORP - 65 SHS	4,394	5,103
EOG RESOURCES INC - 60 SHS	5,017	5,485
HONEYWELL INTL INC - 100 SHS	4,250	5,316
UNITEDHEALTH GROUP INC - 55 SHS	2,083	1,986
ISHARES S&P MIDCAP 400 INDEX FUND - 1400 SHS	95,520	126,966
VERIZON COMMUNICATIONS INC - 195 SHS	6,347	6,977
COACH INC - 35 SHS	1,182	1,936
US BANCORP DEL - 115 SHS	2,841	3,102
ADVANCED AUTO PARTS INC - 50 SHS	1,834	3,308
3M CO - 30 SHS	2,591	2,589
YUM BRANDS INC - 120 SHS	4,219	5,886
COMCAST CORP CL A - 100 SHS	1,698	2,197
CARNIVAL CORPORATION - 60 SHS	2,187	2,767
ARBITRAGE FUNDS - I CL I - 9925.936 SHS	129,380	126,953
GOOGLE INC CL A - 6 SHS	1,706	3,564
WELLPOINT INC - 15 SHS	830	853
JPM US REAL ESTATE FD - SEL - 8642.073 SHS	90,621	134,644
JPM INTREPID AMERICA FD - SEL - 6892.552 SHS	164,489	158,046
JPM MARKET EXPANSION INDEX FD - SEL - 9251.884 SHS	60,507	99,550
VANGUARD MSCI EMERGING MARKETS ETF - 3727 SHS	159,444	179,440
JPM US LRGE CAP CORE PLUS FD - SEL- 11101.613 SHS	226,077	229,470
AT&T INC - 95 SHS	3,654	2,791
STARWOOD HOTELS & RESORTS - 35 SHS	738	2,127
POWERSHARES DB COMMODITY INDEX TRACKING FUND - 4940 SHS	113,887	136,097
CME GROUP INC CLASS A COMMON STOCK - 7 SHS	2,055	2,252
EATON VANCE MUT FDS TR GLOBAL MACRO - I - 17241 SHS	178,190	177,065
INVESCO LTD - 75 SHS	1,449	1,805
PHILIP MORRIS INTL - 50 SHS	858	2,927
SPDR GOLD TRUST - 253 SHS	22,135	35,096
DEUTSCHE BK ARN SPX 7/28/11 - 100000 SHS	98,000	107,230
ACE LTD NEW - 40 SHS	1,833	2,490
ARTIO INTERNATIONAL EQU II - I - 13561.253 SHS	109,679	168,973
TYCO INTERNATIONAL LTD - 75 SHS	2,785	3,108
TIME WARNER INC NEW - 303 SHS	8,119	9,748
COVIDIEN PLC - 50 SHS	1,820	2,283
HSBC 18M SPX MKT PLS NOTE 02/10/11 - 40000 SHS	39,600	49,316
BARC ASIA BSKT MKT PLS NOTE 03/03/11 - 50000 SHS	49,375	59,765
BARC ASIA MKT PLS NOTE 03/24/11 45000 SHS	44,438	50,144
MERCK AND CO INC - 215 SHS	6,878	7,749
JPM RESEARCH MARKET NEUTRAL FD - SEL - 6053.144 SHS	95,095	93,461
HIGHBRIDGE DYNAMIC COMM STRG FD -SEL- 4316.921 SHS	63,369	83,619
CS SPX NOTE 05/02/11- 160000 SHS	158,720	169,792
GS EAFE NOTE 04/25/11 - 60000 SHS	59,262	58,667
BARC ASIA BREN 05/26/11 - 65000 SHS	64,350	75,062
NEXTERA ENERGY INC - 55 SHS	2,753	2,859
CS BREN EAFE 08/16/11- 50000 SHS	49,500	53,050
GS BREN SPX 08/16/11 - 100000 SHS	99,000	110,477
GS BREN EAFE 09/08/11 - 30000 SHS	29,700	31,095
BARC BREN EAFE 09/29/11 - 30000 SHS	29,700	30,708
HSBC GOLD CPN NOTE 10/21/11- 50000 SHS	49,500	50,775
GS BREN MID 11/23/11 - 125000 SHS	123,750	130,243
JUNIPER NETWORKS INC - 125 SHS	2,512	4,615
EXXON MOBIL CORP - 198 SHS	7,714	14,478
METLIFE INC - 90 SHS	3,337	4,000
MARVELL TECHNOLOGY GROUP LTD - 110 SHS	2,258	2,041
PRUDENTIAL FINANCIAL INC - 65 SHS	2,510	3,816
CONOCOPHILLIPS - 90 SHS	4,308	6,129
BIOGEN IDEC INC - 50 SHS	2,743	3,353
BAIDU INC SPONS ADR - 25 SHS	2,305	2,413
TD AMERITRADE HOLDING CORPORATION - 110 SHS	1,770	2,089
MASTERCARD INC - CLASS A - 10 SHS	1,828	2,241
GENERAL MOTORS CO - 95 SHS	3,288	3,502

- TIN:

TY 2010 OtherDecreasesSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Description	Amount
MUTUAL FUND INCOME TIMING DIFFERENCE	1,741
RETURN OF CAPITAL BASIS ADJUSTMENT	1,556

- TIN:

TY 2010 OtherExpensesSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCRUED INTEREST PAID ON BOND PURCHASE	34	0		0
POWERSHARES DB COMMODITY TRACKING INDEX- INVT EXP	0	669		0

- TIN:

TY 2010 OtherIncreasesSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Description	Amount
MUTUAL FUND INCOME TIMING DIFFERENCE	5,044

- TIN:

TY 2010 TaxesSchedule

Name:

SCHMIDT-MESSMER PERPETUAL CHARITABLE

TRUST R74426009 R74427007

EIN: 61-6232326

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ESTIMATE EXCISE TAX - CURRENT YEAR	994	0		0
FOREIGN INCOME TAX WITHHELD	1,058	1,058		0