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
G
Check all that apply:
Name of foundation
NELSON B DELAVAN FOUNDATION R53329000 R53329307
 

Number and street (or P.O. box number if mail is not delivered to street address)JPMORGAN CHASE BANKPOBOX 3038   Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

16-6260274
B Telephone number (see page 10 of the instructions)

(414) 977-1210
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$5,763,631J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 155 155  
4 Dividends and interest from securities...... 118,495 118,455  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 71,955
b Gross sales price for all assets on line 6a 1,808,083
7 Capital gain net income (from Part IV, line 2)... 91,690
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 437 0  
12 Total. Add lines 1 through 11........ 191,042 210,300  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 28,405 21,292   7,101
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,445 0   1,445
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,710 1,710   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 2,625 441   2,625
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 34,185 23,443   11,171
25 Contributions, gifts, grants paid........ 262,395 262,395
26 Total expenses and disbursements. Add lines 24 and 25 296,580 23,443   273,566
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -105,538
b Net investment income (if negative, enter -0-) 186,857
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............... 185,093 108,871 108,871
2 Savings and temporary cash investments.......... 297,374 180,403 180,403
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) 203,445 Click to see attachment51,014 53,164
b Investments—corporate stock (attach schedule)........ 3,117,441 Click to see attachment3,196,407 4,042,792
c Investments—corporate bonds (attach schedule)........ 1,131,944 Click to see attachment1,294,492 1,378,401
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,935,297 4,831,187 5,763,631
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......... 4,935,297 4,831,187
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).................... 4,935,297 4,831,187
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,935,297 4,831,187
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 4,935,297
2 Enter amount from Part I, line 27a...................... 2 -105,538
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,625
4 Add lines 1, 2, and 3.......................... 4 4,834,384
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3,197
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 4,831,187
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      
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 (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,784,705   1,716,393 68,312
b 84     84
c 1,046     1,046
d 7,442     7,442
e 11,163     11,163
3,643     3,643
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       68,312
b       84
c       1,046
d       7,442
e       11,163
      3,643
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 91,690
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 236,097 4,846,074 0.048719
2008 243,988 5,697,389 0.042825
2007 367,081 6,597,422 0.055640
2006 292,506 6,160,733 0.047479
2005 485,729 6,207,870 0.078244
2 Total of line 1, column (d) ...................... 2 0.272907
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 0.054581
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 5,356,652
5 Multiply line 4 by line 3....................... 5 292,371
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,869
7 Add lines 5 and 6......................... 7 294,240
8 Enter qualifying distributions from Part XII, line 4.............. 8 273,566
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 3,737
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 3,737
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 3,737
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 2,560
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 2,560
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 1,177
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)bulletNY
    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 ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (585) 797-2643
    Located atbulletONE CHASE SQUAREROCHESTERNY ZIP+4bullet14643
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    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
    JPMORGAN CHASE BANK NA TRUSTEE
    2.00     		28,405 0 0
    PO BOX 3038
    MILWAUKEE,WI53201
    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
    5,085,396
    b
    Average of monthly cash balances.......................
    1b
    352,829
    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
    5,438,225
    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
    5,438,225
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    81,573
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,356,652
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    267,833
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    267,833
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,737
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,737
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    264,096
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    264,096
    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
    264,096
    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
    273,566
    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
    273,566
    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
    273,566
    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 7 264,096
    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....... 179,776
    b From 2006.......  
    c From 2007....... 45,847
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 225,623
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 273,566
    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..... 264,096
    e Remaining amount distributed out of corpus 9,470
    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 5 235,093
    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) .............     		179,776
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		55,317
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007.... 45,847
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010.... 9,470
    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:
    JPMORGAN CHASE BANKNA
    ONE CHASE SQUARE
    ROCHESTER,NY14643
    (585) 797-2615
    bThe form in which applications should be submitted and information and materials they should include:
    A WRITTEN APPLICATION FOR FUNDS AND A COPY OF THE IRS TAX EXEMPT DETERMINATION LETTER.INFORMATION SHOULD INCLUDE A BUDGET, EXPECTED SOURCES OF FUNDS, A DESCRIPTION OF THE PROGRAM FUNDED BY THE REQUEST,
    cAny submission deadlines:
    GRANTS ARE MADE THROUGHOUT THE YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHARITABLE ORGANIZATIONS RELATING TO THE FOREIGN SERVICE OF THE UNITED STATES AND CULTURAL ORGANIZATIONS IN WASHINGTON DC
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    JPMORGAN CHASE BANKNA
    ONE CHASE SQUARE
    ROCHESTER,NY14643
    (585) 797-2615
    bThe form in which applications should be submitted and information and materials they should include:
    INFORMATION ABOUT WHO WILL RECEIVE THE EXPECTED BENEFIT FROM THE PROGRAM, GOALS OF THE PROJECT AND THE EXPECTED IMPACT OF THE GRANT.
    cAny submission deadlines:
    MOST APPLICATIONS ARE REVIEWED FEBRUARY 1- MARCH 15 AND FROM SEPTEMBER 1 - OCTOBER 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    IRC SECTION 501 C 3 ORGANIZATIONS SUPPORTING THE EDUCATION AND CULTURAL LIFE IN SENECA COUNTY NY AND FINE ARTS ORGANIZATIONS IN THE FINGER LAKES AREA.
    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
    AMERICAN ACADEMY OF DIPLOMACY
    1800 K ST NW STE 1014
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY GRANT: SISCO FAMILY MATCHING GRANT 6,000
    AMERICAN ACADEMY OF DIPLOMACY
    1800 K ST NW STE 1014
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY GRANT: PROFESSIONALISM PROJECT 15,000
    AMERICAN ACADEMY OF DIPLOMACY
    1800 K ST NW STE 1014
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY GRANT: FRIEND OF THE ACADEMY 10,000
    AMERICAN DIPLOMACY PUBLISHERS
    PO BOX 5084
    PITTSBORO,NC27514     		NONE PUBLIC CHARITY GRANT: PUBLIC PROGRAMS 3,500
    AMERICAN FOREIGN SERVICE ASSOCIATION
    2101 E ST NW
    WASHINGTON,DC20037     		NONE PUBLIC CHARITY GRANT: LOEFFLER BOOK ON DIPLOMATIC ARCHITECTURE 10,000
    AMERICAN FOREIGN SERVICE ASSOCIATION
    2101 E ST NW
    WASHINGTON,DC20037     		NONE PUBLIC CHARITY GRANT: PUBLIC PROGRAMS 10,000
    AMERICANS FOR UNFPA
    370 LEXINGTON AVENUE ROOM 302
    NEW YORK,NY10017     		NONE PUBLIC CHARITY CONTRIBUTION 300
    ASSOCIATION FOR DIPLOMATIC STUDIES AND TRAINING
    2814 NORTH UNDERWOOD STREET
    ARLINGTON,VA22204     		NONE PUBLIC CHARITY OPERATING FUNDS 10,000
    BETHESDA CHEVY CHASE RESCUE SQUAD INC
    5020 BATTERY LANE
    BETHESDA,MD20814     		NONE PUBLIC CHARITY OPERATING FUNDS 200
    BETWEEN THE LAKES COMMUNITY SERVICE PLAYERS
    PO BOX 582
    OVID,NY14521     		NONE PUBLIC CHARITY OPERATING FUNDS 5,000
    BOYS AND GIRLS CLUBS OF GENEVA
    1 GOODMAN STREET
    GENEVA,NY14456     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    CAYUGA NATURE CENTER
    1420 TAUGHANNOCK BLVD
    ITHACA,NY14850     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    COLLEGE TRACKS
    5126 MANNING DR
    BETHESDA,MD20814     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    COMMITTEE FOR THE REPUBLIC
    1785 MASSACHUSETTS AVE NW S 100
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY OPERATING FUNDS 2,000
    CORNELL UNIVERSITY COOPERATIVE EXTENSION
    615 WILLOW AVE
    ITHACA,NY14850     		NONE PUBLIC CHARITY GRANT: ITHACA CHILDRENS GARDEN 1,500
    COUNCIL FOR THE NATIONAL INTEREST FOUNDATION INC
    1250 4TH ST SW SUITE WG-1
    WASHINGTON,DC20024     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    EDITH B FORD LIBRARY OF OVID NEW YORK
    7169 NORTH MAIN STREET
    OVID,NY14521     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    ELIZABETH CADY STANTON ELEMENTARY SCHOOL
    38 GARDEN STREET
    SENECA FALLS,NY13148     		NONE GOVERNMENT SUBDIVISI GRANT; BARBARA NEARPASS 1,330
    ELIZABETH CADY STANTON ELEMENTARY SCHOOL
    38 GARDEN STREET
    SENECA FALLS,NY13148     		NONE GOVERNMENT SUBDIVISI GRANT : J LAVALLEY 1,200
    FOUNDATION FOR MIDDLE EAST PEACE
    1761 N STREET NW
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    FRIENDS OF THE ROBERT H TREMAN STATE PARK
    105 ENFIELD FALLS ROAD
    ITHACA,NY14850     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    GARTH NEWEL MUSIC CENTER
    PO BOX 240
    WARM SPRINGS,VA24484     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    GENEVA HISTORICAL SOCIETY
    543 SOUTH MAIN ST
    GENEVA,NY14456     		NONE PUBLIC CHARITY OPERATING FUNDS 1,000
    HENRY J STIMSON CENTER
    1111 19TH ST NW 12TH FL
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY OPERATING FUNDS 10,000
    HENRY J STIMSON CENTER
    1111 19TH ST NW 12TH FL
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY OPERATING FUNDS 20,000
    INTERLAKEN HISTORICAL SOCIETY
    PO BOX 270
    INTERLAKEN,DC14847     		NONE PUBLIC CHARITY GRANT: FARMER'S MUSEUM 1,000
    INTERLAKEN HISTORICAL SOCIETY
    PO BOX 270
    INTERLAKEN,NY14847     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    INTERLAKEN PUBLIC LIBRARY
    PO BOX 317 8390 MAIN ST
    INTERLAKEN,NY14847     		NONE PUBLIC CHARITY OPERATING FUNDS 2,500
    IT' A WONDERFUL LIFE SENECA FALLS
    55 CAYUGA STREET
    SENECA FALLS,NY13148     		NONE PUBLIC CHARITY OPERATING FUNDS 500
    LITERACY VOLENTEERS OF SENECA COUNTY INC
    1 DIPRONIO DRIVE
    WATERLOO,NY13165     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    LODI HISTORICAL SOCIETY
    2155 EAST SENECA STREET
    LODI,NY14860     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    LODI WHITTIER FREE LIBRARY ASSOCIATION
    2155 EAST SENECA STREET
    LODI,NY14860     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    MARET SCHOOL INC
    3000 CATHEDRAL AVENUE NW
    WASHINGTON,DC20008     		NONE PUBLIC CHARITY OPERATING FUNDS 15,000
    MYNDERSE ACADEMY
    105 TROY STREET
    SENECA FALLS,NY13148     		NONE GOVERNMENT SUBDIVISI GRANT: LINDA MCKEVENEY 1,000
    MYNDERSE ACADEMY
    105 TROY STREET
    SENECA FALLS,NY13148     		NONE GOVERNMENT SUBDIVISI GRANT: MARYJO DOYLE 3,700
    MYNDERSE ACADEMY
    105 TROY STREET
    SENECA FALLS,NY13148     		NONE GOVERNMENT SUBDIVISI GRANT : PAMELA BECKER 545
    PALEONTOLOGICAL RESEARCH INSTITUTE
    1259 TRUMANSBERG ROAD
    ITHACA,NY14580     		NONE PUBLIC CHARITY OPERATING FUNDS 6,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    434 W 33RD ST 12
    NEW YORK,NY10001     		NONE PUBLIC CHARITY OPERATING FUNDS 300
    POPULATION SERVICES INTERNATIONAL
    1120 19TH ST NW SUITE 600
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY GRANT: ART IN THE AFTERNOON PROJECT 10,000
    ROMULUS FOUNDATION FOR EDUCATIONAL OPPORTUNITY
    5705 MAIN STREET
    ROMULUS,NY14541     		NONE PUBLIC CHARITY OPERATING FUNDS 11,000
    SCHWEINFURTH MEMORIAL ART CENTER
    205 GENESEE ST
    AUBURN,NY13021     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    SENECA COMMUNITY PLAYERS INC
    PO BOX 45
    SENECA FALLS,NY13148     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    SENECA COUNTY SENIOR CENTER INC
    1 DIPRONIO DRIVE
    WATERLOO,NY13165     		NONE PUBLIC CHARITY OPERATING FUNDS 3,000
    SENECA FALLS PUBLIC LIBRARY
    47 CAYUGA ST
    SENECA FALLS,NY13148     		NONE PUBLIC CHARITY OPERATING FUNDS 3,500
    SENECA MUSEUM OF WATERWAYS AND INDUSTRY
    PO BOX 388
    SENECA FALLS,NY13148     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    SENIOR LIVING FOUNDATION OF THE AMERICAN FOREIGN SERVICE
    1716 N STREETNW S 1014
    WASHINGTON,DC20066     		NONE PUBLIC CHARITY OPERATING FUNDS 200
    SMITH CENTER FOR THE ARTS INC
    82 SENECA ST
    GENEVA,NY14456     		NONE PUBLIC CHARITY PUBLIC CHARITY 5,000
    ST PETERS COMMUNITY ARTS ACADEMY
    PO BOX 266
    GENEVA,NY14456     		NONE PUBLIC CHARITY OPERATING FUNDS 5,000
    THEATRE DOWNTOWN
    4018 ARGYLE TERRACE NW
    WASHINGTON,DC20011     		NONE PUBLIC CHARITY OPERATING FUNDS 2,000
    TRUMANSBURG CONSERVATORY OF THE FINE ARTS
    CONGRESS AT MACALLAN STREET
    TRUMANSBURG,NY14886     		NONE PUBLIC CHARITY OPERATING FUNDS 5,000
    ULYSSES HISTORICAL SOCIETY
    PO BOX 455
    TRUMANSBURG,NY14886     		NONE PUBLIC CHARITY OPERATING FUNDS 2,000
    WASHINGTON HUMANE SOCIETY
    7319 GEORGIA AVENUE NW
    WASHINGTON,DC20012     		NONE PUBLIC CHARITY OPERATING FUNDS 10,000
    WASHINGTON HUMANE SOCIETY
    7319 GEORGIA AVENUE NW
    WASHINGTON,DC20012     		NONE PUBLIC CHARITY GRANT: BARK BALL FUNDRAISING 10,000
    WATERLOO LIBRARY AND HISTORICAL SCOIETY
    31 E WILLIAM STREET
    WATERLOO,NY13165     		NONE PUBLIC CHARITY OPERATING FUNDS 4,000
    WATERLOO MIDDLE SCHOOL
    65 CENTER STREET
    WATERLOO,NY13165     		NONE PUBLIC CHARITY GRANT: CHELSEA JAY 2,120
    WETA PUBLIC RADIO
    3939 CAMPBELL AVE
    ARLINGTON,VA22206     		NONE PUBLIC CHARITY OPERATING FUNDS 1,000
    Total .................................bullet 3a 262,395
    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     14 155  
    4 Dividends and interest from securities....     14 118,495  
    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.....     01 437  
    8Gain or (loss) from sales of assets other than inventory     18 71,955  
    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).. 0 191,042 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13191,042
    (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 InvestmentsCorpBondsSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS TRUST HIGH YIELD FUND INST SHS - 9219.858 SHS 65,000 67,305
    VANGUARD FIXED INCOME SECS F INTR TRM CP PT- 6365.016 SHS 58,000 63,141
    ISHARES BARCLAYS TIPS BOND FUND - 300 SHS 30,089 32,256
    EATON VANCE MUT FDS TR FLT RT CL I - 7945.516 SHS 70,000 71,192
    JPM HIGH YIELD FD - SEL - 20178.014 SHS 145,272 164,451
    JPM SHORT DURATION BOND FD - SEL - 17984.722 SHS 192,179 197,292
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 4539.106 SHS 65,000 65,635
    JPM STR INC OPP FD - 7635.331 SHS 77,346 90,326
    JPM INTL CURRENCY INCOME FD - 2882.883 SHS 32,000 32,432
    GOLDMAN SACHS TRUST HIGH YIELD FUND INST - 6241.135 SHS 44,000 45,560
    VANGUARD FIXED INCOME SECS F INTR TRM CP PT- 4352.557 SHS 40,000 43,177
    ISHARES BARCLAYS TIPS BOND FUND - 205 SHS 20,618 22,042
    EATON VANCE MUT FDS TR FLT RT CL I - 4540.295 SHS 40,000 40,681
    JPM HIGH YIELD FD - SEL - 14160.412 SHS 103,685 115,407
    JPM SHORT DURATION BOND FD - SEL - 19005.672 SHS 187,848 193,492
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 3111.888 SHS 44,500 44,998
    JPM STR INC OPP FD - 5622.461 SHS 56,955 66,514
    JPM INTL CURRENCY INCOME FD- 2000 SHS 22,000 22,500

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 105 SHS 4,726 5,031
    ALEXION PHARMACEUTICALS INC - 20 SHS 1,147 1,611
    AMAZON COM INC - 25 SHS 2,884 4,500
    AMERICAN EXPRESS CO - 25 SHS 1,057 1,073
    APACHE CORP - 55 SHS 4,680 6,558
    APPLE INC. - 35 SHS 6,500 11,290
    BB & T CORP - 50 SHS 999 1,315
    BAKER HUGHES INC - 50 SHS 2,573 2,859
    CVS CAREMARK CORPORATION - 110 SHS 1,904 3,825
    CAMPBELL SOUP COMPANY - 50 SHS 1,817 1,738
    CARDINAL HEALTH INC - 70 SHS 2,090 2,682
    CELGENE CORPORATION - 55 SHS 2,693 3,253
    CISCO SYSTEMS INC - 380 SHS 5,099 7,687
    CITRIX SYSTEMS INC - 19 SHS 1,305 1,300
    COLGATE PALMOLIVE CO - 30 SHS 2,364 2,411
    WALT DISNEY CO - 125 SHS 3,146 4,689
    DOW CHEMICAL CO - 100 SHS 2,925 3,414
    E I DU PONT DE NEMOURS & CO - 150 SHS 5,727 7,482
    E M C CORP MASS - 100 SHS 2,057 2,290
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 60 SHS 3,448 7,205
    GENERAL ELECTRIC CO - 125 SHS 1,913 2,286
    GENERAL MILLS INC - 40 SHS 1,037 1,424
    INTERNATIONAL BUSINESS MACHINES CORP - 32 SHS 653 4,696
    JOHNSON CONTROLS INC - 175 SHS 5,005 6,685
    KELLOGG CO - 20 SHS 976 1,022
    LENNAR CORP - 50 SHS 774 938
    LOWES COMPANIES INC - 75 SHS 1,724 1,881
    MICROSOFT CORP - 420 SHS 10,822 11,722
    MORGAN STANLEY - 85 SHS 3,453 2,313
    NATIONAL-OILWELL VARCO INC - 20 SHS 1,256 1,345
    NIKE INC B - 30 SHS 1,552 2,563
    NORFOLK SOUTHERN CORP - 120 SHS 6,203 7,538
    NOVELLUS SYSTEMS INC - 75 SHS 1,910 2,424
    OCCIDENTAL PETROLEUM CORP - 70 SHS 5,084 6,867
    ORACLE CORP - 175 SHS 4,061 5,478
    PACCAR INC - 90 SHS 3,080 5,161
    PARKER-HANNIFIN CORP - 10 SHS 463 863
    PEPSICO INC - 50 SHS 2,814 3,267
    PFIZER INC - 450 SHS 10,890 7,880
    PROCTER & GAMBLE CO - 115 SHS 371 7,398
    PUBLIC SERVICE ENTERPRISE GROUP - 40 SHS 0 0
    QUALCOMM INC - 120 SHS 5,580 5,939
    T ROWE PRICE INTERNATIONAL FUNDS INC NEW ASIA FUND - 9130.687 SHS 119,500 175,127
    SPDR S&P 500 ETF TRUST - 460 SHS 50,646 57,845
    SANDISK CORP - 25 SHS 1,092 1,247
    SOUTHERN CO - 70 SHS 2,277 2,676
    SPRINT NEXTEL CORP - 425 SHS 1,802 1,798
    STAPLES INC - 155 SHS 3,360 3,529
    STATE STREET CORP - 25 SHS 994 1,159
    SYSCO CORP - 40 SHS 920 1,176
    UNITED TECHNOLOGIES CORP - 75 SHS 4,379 5,904
    XILINX CORP - 75 SHS 2,123 2,174
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 55 SHS 2,831 4,031
    SEMPRA ENERGY - 25 SHS 1,310 1,312
    CITIGROUP INC - 1100 SHS 4,668 5,203
    WELLS FARGO & CO - 190 SHS 5,731 5,888
    THORNBURG VALUE FUND FD CL I - 3050.109 SHS 84,000 105,076
    BANK OF AMERICA CORP - 380 SHS 9,574 5,069
    GOLDMAN SACHS GROUP INC - 27 SHS 2,011 4,540
    DEVON ENERGY CORP - 50 SHS 3,375 3,926
    EOG RESOURCES INC - 50 SHS 4,405 4,571
    HONEYWELL INTERNATIONAL INC - 80 SHS 3,418 4,253
    UNITEDHEALTH GROUP INC - 40 SHS 1,515 1,444
    ISHARES S&P MIDCAP 400 INDEX FUND - 425 SHS 35,997 38,543
    VERIZON COMMUNICATIONS INC - 155 SHS 4,319 5,546
    COACH INC - 55 SHS 2,107 3,042
    US BANCORP DEL - 105 SHS 3,176 2,832
    DODGE & COX INTL STOCK - 1059.078 SHS 33,086 37,820
    ADVANCED AUTO PARTS INC - 25 SHS 1,153 1,654
    3M CO - 22 SHS 1,900 1,899
    YUM BRANDS INC - 95 SHS 3,232 4,660
    COMCAST CORP CL A - 75 SHS 1,274 1,648
    CARNIVAL CORPORATION - 55 SHS 2,013 2,536
    ARBITRAGE FUNDS - I CL I - 7478.951 SHS 98,000 95,656
    GOOGLE INC CL A - 5 SHS 2,141 2,970
    WELLPOINT INC - 15 SHS 830 853
    JPM US REAL ESTATE FD - SEL- 6744.935 SHS 65,923 105,086
    JPM INTREPID AMERICA FD - SEL- 3048.443 SHS 80,000 69,901
    JPM MARKET EXPANSION INDEX FD - SEL FUND 3708 - 11372.55 SHS 81,095 122,369
    JPM ASIA EQU FD - SEL- 4890.223 SHS 107,936 185,242
    VANGUARD MSCI EMERGING MARKETS ETF - 2850 SHS 132,072 137,216
    JPM US LRGE CAP CORE PLUS FD - SEL 2593.571 SHS 55,000 53,609
    AT&T INC - 75 SHS 1,852 2,204
    STARWOOD HOTELS & RESORTS - 25 SHS 532 1,520
    JPM TR I GROWTH ADVANTAGE FD - SEL - 13333.333 SHS 84,000 117,600
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 1738 SHS 39,037 47,882
    HARTFORD CAPITAL APPRECIATION FUND - 3166.227 SHS 84,000 109,678
    CME GROUP INC CLASS A COMMON STOCK - 7 SHS 1,973 2,252
    EATON VANCE MUT FDS TR GLOBAL MACRO - I - 9478.649 SHS 98,000 97,346
    INVESCO LTD - 50 SHS 966 1,203
    PHILIP MORRIS INTL - 40 SHS 74 2,341
    ACE LTD NEW - 30 SHS 1,338 1,868
    EAGLE SER MID CAP STK I - 4464.766 SHS 83,000 125,192
    ARTIO INTERNATIONAL EQU II - I - 15455.008 SHS 122,000 192,569
    TYCO INTERNATIONAL LTD - 60 SHS 2,242 2,486
    TIME WARNER INC NEW - 245 SHS 6,774 7,882
    COVIDIEN PLC - 40 SHS 1,444 1,826
    MERCK AND CO INC - 165 SHS 5,230 5,947
    JPM RESEARCH MARKET NEUTRAL FD - SEL - 3000.73 SHS 47,051 46,331
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL - 1921.94 SHS 32,500 37,228
    NEXTERA ENERGY INC - 50 SHS 2,499 2,600
    DB BREN SPX 09/26/11 - 40000 SHS 39,600 43,660
    HSBC GOLD CPN NOTE 10/21/11- 25000 SHS 24,750 25,387
    BARC WTI QRN 12/21/11 - 30000 SHS 29,700 30,345
    JUNIPER NETWORKS INC - 110 SHS 2,921 4,061
    EXXON MOBIL CORP - 155 SHS 9,763 11,334
    METLIFE INC - 75 SHS 2,849 3,333
    MARVELL TECHNOLOGY GROUP LTD - 85 SHS 1,742 1,577
    PRUDENTIAL FINANCIAL INC - 55 SHS 2,396 3,229
    CONOCOPHILLIPS - 75 SHS 3,654 5,108
    BIOGEN IDEC INC - 20 SHS 1,197 1,341
    BAIDU INC SPONS ADR - 20 SHS 1,844 1,931
    TD AMERITRADE HOLDING CORPORATION - 95 SHS 1,655 1,804
    MASTERCARD INC - CLASS A - 7 SHS 1,250 1,569
    GENERAL MOTORS CO - 75 SHS 2,595 2,765
    ABBOTT LABORATORIES - 80 SHS 3,637 3,833
    ALEXION PHARMACEUTICALS INC - 15 SHS 866 1,208
    AMAZON COM INC - 20 SHS 2,470 3,600
    AMERICAN CENTURY EQU INCOME FUND - 4194.135 SHS 25,000 30,240
    AMERICAN EXPRESS CO - 20 SHS 846 858
    APACHE CORP - 39 SHS 3,294 4,650
    APPLE INC. - 26 SHS 4,891 8,387
    BB & T CORP - 35 SHS 699 920
    BAKER HUGHES INC - 37 SHS 1,923 2,115
    CVS CAREMARK CORPORATION - 80 SHS 1,322 2,782
    CAMPBELL SOUP COMPANY - 35 SHS 1,274 1,216
    CARDINAL HEALTH INC - 55 SHS 1,625 2,107
    CELGENE CORPORATION - 39 SHS 1,885 2,306
    CISCO SYSTEMS INC - 265 SHS 3,611 5,361
    CITRIX SYSTEMS INC - 13 SHS 893 889
    COLGATE PALMOLIVE CO - 20 SHS 1,576 1,607
    WALT DISNEY CO - 80 SHS 2,014 3,001
    DOW CHEMICAL CO - 70 SHS 2,024 2,390
    E I DU PONT DE NEMOURS & CO - 110 SHS 4,221 5,487
    E M C CORP MASS - 70 SHS 1,433 1,603
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 45 SHS 2,597 5,404
    GENERAL ELECTRIC CO - 90 SHS 1,377 1,646
    GENERAL MILLS INC - 35 SHS 962 1,246
    INTERNATIONAL BUSINESS MACHINES CORP - 23 SHS 676 3,375
    JOHNSON CONTROLS INC - 120 SHS 3,446 4,584
    KELLOGG CO - 15 SHS 732 766
    LENNAR CORP - 30 SHS 465 563
    LOWES COMPANIES INC - 55 SHS 1,264 1,379
    MICROSOFT CORP - 300 SHS 7,758 8,373
    MORGAN STANLEY - 60 SHS 2,433 1,633
    NATIONAL-OILWELL VARCO INC - 15 SHS 942 1,009
    NIKE INC B - 20 SHS 1,034 1,708
    NORFOLK SOUTHERN CORP - 90 SHS 4,654 5,654
    NOVELLUS SYSTEMS INC - 50 SHS 1,273 1,616
    OCCIDENTAL PETROLEUM CORP - 51 SHS 3,720 5,003
    ORACLE CORP - 125 SHS 2,892 3,913
    PACCAR INC - 64 SHS 2,195 3,670
    PARKER-HANNIFIN CORP - 7 SHS 324 604
    PEPSICO INC - 35 SHS 1,970 2,287
    PFIZER INC - 315 SHS 7,674 5,516
    PROCTER & GAMBLE CO - 85 SHS 546 5,468
    PUBLIC SERVICE ENTERPRISE GROUP - 30 SHS 996 954
    QUALCOMM INC - 85 SHS 3,948 4,207
    T ROWE PRICE INTL FUNDS INC NEW ASIA FUND - 7411.042 SHS 96,000 142,144
    SPDR S&P 500 ETF TRUST - 500 SHS 55,138 62,875
    SANDISK CORP - 20 SHS 873 997
    SOUTHERN CO - 50 SHS 1,618 1,912
    SPRINT NEXTEL CORP - 300 SHS 1,278 1,269
    STAPLES INC - 110 SHS 2,392 2,505
    STATE STREET CORP - 20 SHS 795 927
    SYSCO CORP - 35 SHS 805 1,029
    UNITED TECHNOLOGIES CORP - 60 SHS 3,650 4,723
    XILINX CORP - 50 SHS 1,415 1,449
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 30 SHS 1,518 2,199
    SEMPRA ENERGY - 18 SHS 944 945
    CITIGROUP INC - 780 SHS 3,310 3,689
    WELLS FARGO & CO - 140 SHS 4,569 4,339
    THORNBURG VALUE FUND FD CL I - 2360.203 SHS 65,000 81,309
    BANK OF AMERICA CORP - 270 SHS 6,742 3,602
    GOLDMAN SACHS GROUP INC - 20 SHS 3,173 3,363
    DEVON ENERGY CORP - 35 SHS 2,344 2,748
    EOG RESOURCES INC - 34 SHS 2,977 3,108
    HONEYWELL INTERNATIONAL INC - 55 SHS 2,336 2,924
    UNITEDHEALTH GROUP INC - 30 SHS 1,136 1,083
    ISHARES S&P MIDCAP 400 INDEX FUND - 265 SHS 22,130 24,033
    VERIZON COMMUNICATIONS INC - 110 SHS 3,211 3,936
    COACH INC - 30 SHS 1,111 1,659
    US BANCORP DEL - 65 SHS 1,899 1,753
    ADVANCED AUTO PARTS INC - 25 SHS 1,138 1,654
    3M CO - 16 SHS 1,382 1,381
    YUM BRANDS INC - 70 SHS 2,375 3,434
    COMCAST CORP CL A - 55 SHS 934 1,208
    CARNIVAL CORPORATION - 35 SHS 1,279 1,614
    ARBITRAGE FUNDS - I CL I - 5081.499 SHS 66,500 64,992
    GOOGLE INC CL A - 3 SHS 1,284 1,782
    WELLPOINT INC - 10 SHS 553 569
    JPM US REAL ESTATE FD - SEL - 4614.759 SHS 44,944 71,898
    JPM INTREPID AMERICA FD - SEL- 2244.317 SHS 43,000 51,462
    JPM MARKET EXPANSION INDEX FD - SEL- 9084.539 SHS 67,325 97,750
    JPM ASIA EQU FD - SEL- 2869.545 SHS 62,527 108,698
    VANGUARD MSCI EMERGING MARKETS ETF - 1940 SHS 89,871 93,403
    NUVEEN NWQ VALUE OPPT FUND - 603.622 SHS 15,000 21,229
    AT&T INC - 55 SHS 1,358 1,616
    STARWOOD HOTELS & RESORTS - 20 SHS 425 1,216
    JPM TR I GROWTH ADVANTAGE FD - SEL - 8499.482 SHS 53,547 74,965
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 1925 SHS 43,237 53,034
    HARTFORD CAPITAL APPRECIATION FUND - 2450.057 SHS 65,000 84,870
    MANNING & NAPIER FUND INC WORLD OPPT SERIES FUND - 5827.154 SHS 46,559 50,172
    CME GROUP INC CLASS A COMMON STOCK - 5 SHS 1,443 1,609
    EATON VANCE MUT FDS TR GLOBAL MACRO - I - 6421.839 SHS 66,400 65,952
    INVESCO LTD - 45 SHS 870 1,083
    PHILIP MORRIS INTL - 30 SHS 628 1,756
    SPDR GOLD TRUST - 165 SHS 22,311 22,889
    ACE LTD NEW - 20 SHS 892 1,245
    EAGLE SER MID CAP STK I - 2700.178 SHS 51,538 75,713
    ARTIO INTERNATIONAL EQU II - I - 5436.083 SHS 41,097 67,734
    TYCO INTERNATIONAL LTD - 40 SHS 1,490 1,658
    TIME WARNER INC NEW - 170 SHS 4,662 5,469
    COVIDIEN PLC - 25 SHS 902 1,142
    MERCK AND CO INC - 120 SHS 3,804 4,325
    JPM RESEARCH MARKET NEUTRAL FD - SEL - 1885.601 SHS 29,566 29,114
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL - 1360.142 SHS 23,000 26,346
    NEXTERA ENERGY INC - 25 SHS 1,262 1,300
    GS BREN EAFE 11/16/11 - 20000 SHS 19,800 19,720
    JUNIPER NETWORKS INC - 75 SHS 1,972 2,769
    EXXON MOBIL CORP - 110 SHS 6,857 8,043
    METLIFE INC - 50 SHS 1,942 2,222
    MARVELL TECHNOLOGY GROUP LTD - 60 SHS 1,232 1,113
    PRUDENTIAL FINANCIAL INC - 35 SHS 1,513 2,055
    CONOCOPHILLIPS - 50 SHS 2,395 3,405
    BIOGEN IDEC INC - 20 SHS 1,147 1,341
    BAIDU INC SPONS ADR - 15 SHS 1,383 1,448
    TD AMERITRADE HOLDING CORPORATION - 70 SHS 1,213 1,329
    MASTERCARD INC - CLASS A - 5 SHS 893 1,121
    GENERAL MOTORS CO - 53 SHS 1,836 1,954

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    US Government Securities - End of Year Book Value:

    51,014
    US Government Securities - End of Year Fair Market Value:

    53,164
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2010 LegalFeesSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES- CHARITABLE PLANNING 1,445 0   1,445


    TY 2010 OtherDecreasesSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Description Amount
    RETURN OF CAPITAL BASIS ADJUSTMENTS 529
    MUTUAL FUND INCOME TIMING DIFFERENCES 2,668


    TY 2010 OtherExpensesSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NY ATTORNEY GENERAL FILING FEE 250 0   250
    GRANT RECORD KEEPING 140 0   140
    GRANT RECORD KEEPING 2,235 0   2,235
    POWERSHARES DB COMMODITY TRACKING INDEX FD - INVT FEE 0 441   0


    TY 2010 OtherIncomeSchedule2
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL EXCISE TAX REFUND 437 0 437


    TY 2010 OtherIncreasesSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Description Amount
    NONTAXABLE DIVIDENDS 4,625


    TY 2010 TaxesSchedule
    Name:
    NELSON B DELAVAN FOUNDATION R53329000 R53329307
    EIN: 16-6260274
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN INCOME TAX WITHHELD 1,710 1,710   0