TY 2010 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2010

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

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

Amended returnAddress changeName change

Name of foundation
Hoffman-Brouse Foundation

Number and street (or P.O. box number if mail is not delivered to street address)c/o Lynn Hoffman-Brouse 1455 E Brya Room/suite

City or town, state, and ZIP code
Salt Lake City, UT84105

A Employer identification number

20-2072534

B Telephone number (see page 10 of the instructions)

(801) 487-4330

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

$1,034,403J 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	23		23
4	Dividends and interest from securities......	25,359		25,359
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		12,278
b	Gross sales price for all assets on line 6a 340,432
7	Capital gain net income (from Part IV, line 2)...			12,278
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........	37,660		37,660
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		10,216	10,216
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		46	46
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		8,075	30	8,045
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	18,337		10,292	8,045
25	Contributions, gifts, grants paid........	40,800			40,800
26	Total expenses and disbursements. Add lines 24 and 25	59,137		10,292	48,845
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-21,477
b	Net investment income (if negative, enter -0-)			27,368
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...............
	2	Savings and temporary cash investments..........	42,282	53,962	53,962
	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)	66,005	67,796	69,457
	b	Investments—corporate stock (attach schedule)........	778,747	743,723	869,405
	c	Investments—corporate bonds (attach schedule)........	38,433	38,509	41,579
	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)	925,467	903,990	1,034,403
	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
		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.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	925,467	903,990
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	925,467	903,990
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	925,467	903,990

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	925,467
2	Enter amount from Part I, line 27a......................	2	-21,477
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	903,990
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	903,990

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
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	340,432	328,154	12,278
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			12,278
b
c
d
e

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	12,278
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	57,289	819,797	000.069882
2008
2007
2006
2005

2	Total of line 1, column (d) ......................	2	000.069882
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	000.069882
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	952,776
5	Multiply line 4 by line 3.......................	5	66,582
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	274
7	Add lines 5 and 6.........................	7	66,856
8	Enter qualifying distributions from Part XII, line 4..............	8	48,845
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	547
	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
3	Add lines 1 and 2............................	3	547
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	547
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	484
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	484
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	63
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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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 .

Yes

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

The books are in care of bullet

Lynn Hoffman-Brouse Telephone no. bullet

(801) 487-4330

Located at bullet

1455 E Bryan AvenueSalt Lake CityUT ZIP+4 bullet

84105

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? ....

Yes

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
Marilyn Hoffman	Trustee 001.00	0
1455 E Bryan Avenue Salt Lake City,UT84105	Trustee 001.00	0
Mark Brouse	President / Trustee 001.00	0
1455 E Bryan Avenue Salt Lake City,UT84105	President / Trustee 001.00	0
Lynn Hoffman-Brouse	Secretary / Treasurer / Trustee 001.00	0
1455 E Bryan Avenue Salt Lake City,UT84105	Secretary / Treasurer / Trustee 001.00	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...................

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

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

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


2


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

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

Part X

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

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...................

915,076

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

52,209

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

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

967,285

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..........................

967,285

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

of the instructions) Click to see attachment

............................

14,509

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

952,776

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

47,639

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....................

47,639

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

547

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

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

547

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

47,092

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

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

47,092

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.................................

47,092

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 Click to see attachment

..........

48,845

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

48,845

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)............

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

48,845

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	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7			47,092
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2010:
a From 2005.......
b From 2006.......
c From 2007.......
d From 2008.......
e From 2009.......	16,615
fTotal of lines 3a through e.........		16,615
4Qualifying distributions for 2010 from Part
XII, line 4: $ 48,845
a Applied to 2009, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2010 distributable amount.....			47,092
e Remaining amount distributed out of corpus		1,753
5 Excess distributions carryover applied to 2010.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		18,368
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		18,368
10 Analysis of line 9:
a Excess from 2006....
b Excess from 2007....
c Excess from 2008....
d Excess from 2009....	16,615
e Excess from 2010....	1,753

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).)

Lynn Hoffman-Brouse

Mark Brouse

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
ASCEND ALLIANCE 3165 MILLROCK DR STE 175 HOLLADAY,UT84121	N/A	509(a)(1)	General Unrestricted	1,000
ASHOKA 1700 N MOORE ST STE 2000 ARLINGTON,VA22209	N/A	509(a)(1)	General Unrestricted	2,000
CENTRAL ASIA INSTITUTE PO BOX 7209 BOZEMAN,MT59771	N/A	509(a)(1)	General Unrestricted	1,000
EARTH UNIVERSITY FOUNDATION 5 PIEDMONT CENTER STE 215 3525 P ATLANTA,GA30305	N/A	509(a)(1)	Scholarship Fund	7,300
FUGEES FAMILY INC PO BOX 388 SCOTTDALE,GA30079	N/A	509(a)(1)	General Unrestricted	2,000
INTERNATIONAL VOLUNTEERS IN UROLOGY 3269 S MAIN ST STE 230 SALT LAKE CITY,UT84115	N/A	509(a)(1)	General Unrestricted	2,000
MOVING WINDMILLS PROJECT INC 111 W 40TH ST NEW YORK,NY10018	N/A	509(a)(1)	General Unrestricted	1,000
NATIONAL ABILITY CENTER PO BOX 682799 PARK CITY,UT84068	N/A	509(a)(1)	General Unrestricted	1,000
NATURE CONSERVANCY 4245 N FAIRFAX DR STE 100 ARLINGTON,VA22203	N/A	509(a)(1)	General Unrestricted	2,000
SOUTHERN POVERTY LAW CENTER INC 400 WASHINGTON AVE MONTGOMERY,AL36104	N/A	509(a)(1)	General Unrestricted	1,000
SPLORE 774 E 3300 S STE 105 SALT LAKE CTY,UT84106	N/A	509(a)(2)	General Unrestricted	1,000
SUSAN G KOMEN BREAST CANCER FOUNDA 1900 N NORTHLAKE WAY STE 135 SEATTLE,WA98103	N/A	509(a)(1)	General Unrestricted	1,000
UNITED WAY OF THE MID-WILLAMETTE VA 455 BLILER AVE NE SALEM,OR97301	N/A	509(a)(2)	Education Division	1,000
UTAH CHILDREN 747 E S TEMPLE STE 100 SALT LAKE CTY,UT84102	N/A	509(a)(1)	General Unrestricted	1,000
YOUNG MENS CHRISTIAN ASSOCIATION OF 3098 HIGHLAND DR STE 440 SALT LAKE CTY,UT84106	N/A	509(a)(1)	Community Family Center Project	15,000
ZAMBIAS SCHOLARSHIP FUND PO BOX 515 BRINGHAM CITY,UT84302	N/A	509(a)(1)	General Unrestricted	1,500
Total ................................. 3a				40,800

bApproved for future payment

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

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
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	23
4 Dividends and interest from securities....			14	25,359
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	12,278
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)..				37,660

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

1337,660

(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:	10000149
Software Version:	2010.2.13
Part VI Line 7 - Tax Paid Original Return:	484

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2010 GeneralExplanationAttachment

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

Identifier	Return Reference	Explanation

- TIN:

TY 2010 InvestmentsCorpBondsSchedule

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIE - 5.875 - 05/15/2016 002824AT7 200000.00%	2,124	2,307
AMERICAN EXPRESS CO NT - 6.150 - 08/28/2017 025816AX7 300000.00%	3,085	3,391
ASTRAZENECA PLC NT - 5.900 - 09/15/2017 046353AB4 200000.00%	2,070	2,316
BANK OF AMERICA CORP - 5.250 - 12/01/2015 060505BG8 200000.00%	1,975	2,088
CITIGROUP INC SUB NT - 5.000 - 09/15/2014 172967CQ2 300000.00%	2,935	3,104
CONOCOPHILLIPS NOTES 05.75000 02/01/2019 20825CAR5 200000.00%	2,018	2,280
CREDIT SUISSE USA INC 4.87500 01/15/2015 SR NT 22541LAR4 200000.00%	2,107	2,156
CVS CAREMARK CORP SR NT - 6.250 - 06/01/2027 126650BJ8 200000.00%	2,008	2,199
DAIMLERCHRYSLER N. AMER - 6.500 - 11/15/2013 233835AW7 200000.00%	2,098	2,264
EXELON CORP NOTES - 4.900 - 06/15/2015 MAKE WHOLE 30161NAD3 200000.00%	1,907	2,139
HOME DEPOT-05.40-09/15/2040 437076AU6 100000.00%	980	971
JOHN DEERE CAPITAL CORP - 7.00 - 03/15/2012 244217BG9 200000.00%	2,125	2,147
JPMORGAN CHASE CO GLBL - 4.750 - 03/01/2015 46625HCE8 200000.00%	1,912	2,153
MARATHON OIL CORP BOND - 6.000 - 10/01/2017 565849AD8 200000.00%	2,049	2,272
NEWS AMERICA INC - 6.200 - 12/15/2034 652482BJ8 200000.00%	1,966	2,100
TIME WARNER INC COMPANY GUARNT 4.700 01/15/2021 887317AG0 100000.00%	1,050	1,018
VERIZON COMM BONDS 5.5 2/15/18 92343VAL8 200000.00%	1,970	2,200
WACHOVIA BANK - 5.600 - 03/15/2016 92976GAE1 200000.00%	2,013	2,176
WAL MART STORES INC NT - 5.800 - 02/15/2018 931142CJ0 200000.00%	2,117	2,298

- TIN:

TY 2010 InvestmentsCorpStockSchedule

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

Name of Stock	End of Year Book Value	End of Year Fair Market Value
110 shares of ABBOTT LABS ABT	5,804	5,270
43 shares of AGRIUM INC. AGU	3,743	3,945
72 shares of AKAMAI TECH COM STK AKAM	3,725	3,388
71 shares of AMERIPRISE FINANCIAL INC AMP	3,763	4,086
12 shares of APPLE INC. AAPL	2,470	3,871
199 shares of ATT CORP COM NEW T	7,384	5,847
366 shares of ATMEL CORPORATION ATML	3,168	4,509
127 shares of AUTOMATIC DATA PROCESSING INC. ADP	5,207	5,878
142 shares of BRISTOL-MYERS SQUIBB CO BMY	3,830	3,760
67 shares of CHEVRONTEXACO CORP CVX	4,242	6,114
232 shares of CHIQUITA BRANDS NEW CQB	3,025	3,253
568 shares of CNO FINANCIAL GROUP INC. CNO	3,140	3,851
93 shares of COCA-COLA CO KO	4,941	6,117
348 shares of COHEN AND STEERS REALTY SHARES INC CSRSX	9,778	20,315
132 shares of COMPLETE PROD SVCS CPX	3,078	3,901
50 shares of DEERE CO DE	3,772	4,153
1660 shares of DREMAN CONTRARIAN SMALL CAP VALUE FUND DRSVX	21,659	33,224
4853 shares of DWS INVESTMENT TR DWS HIGH INCOME PLUS FUND CLASS SGHSX	26,417	33,584
86 shares of ENDO PHARMACEUTICALS HOLDINGS INC. - COMMON STOCK ENDP	3,144	3,071
33 shares of F5 NETWORKS, INC. FFIV	3,806	4,295
3663 shares of FIDELITY DIVERSIFIED INTERNATIONAL FUND FDIVX	115,027	110,442
34 shares of FRANKLIN RES INC BEN	3,908	3,781
39 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX	3,238	4,684
155 shares of GEORGIA GULF CORP GGC	3,172	3,729
6 shares of GOOGLE INC CL A GOOG	2,161	3,564
378 shares of GT SOLAR INTERNATIONAL INC SOLR	3,182	3,447
183 shares of HOME DEPOT INC. HD	5,666	6,416
66 shares of HUMANA INC HUM	3,790	3,613
210 shares of IDT CORP CL B IDT	3,137	5,387
78 shares of INFORMATICA CORPORATION INFA	3,165	3,434
281 shares of INTEL CORP INTC	5,651	5,909
40 shares of INTERNATIONAL BUSINESS MACHINES IBM	5,640	5,870
363 shares of ISHARES MSCI EMERGING MARKETS INDEX FD EEM	15,564	17,293
1050 shares of ISHARES TRUST MSCI EAFE INDEX FUND EFA	42,397	61,131
1083 shares of ISHARES TRUST RUSSELL 1000 GROWTH INDEX FD IWF	48,448	62,012
1280 shares of ISHARES TRUST RUSSELL 1000 VALUE INDEX FUND IWD	56,220	83,033
287 shares of ISHARES TRUST RUSSELL 2000 VALUE INDEX FUND IWN	9,272	20,403
223 shares of IVY GLOBAL NATURAL RESOURCES FUND CLASS Y IGNYX	4,192	4,871
89 shares of JOHNSON JOHNSON JNJ	5,708	5,505
155 shares of LAS VEGAS SANDS CORP LVS	6,877	7,122
80 shares of LOCKHEED MARTIN CORP LMT	5,761	5,593
84 shares of MAGNA INTERNATIONAL INC. MGA	3,761	4,368
496 shares of MARSICO INVT FD FOCUS FD MFOCX	9,234	8,975
73 shares of MCDONALDS CORP MCD	3,300	5,603
244 shares of MEDICINES COMPANY THE MDCO	3,222	3,448
217 shares of MICROSOFT CORPORATION MSFT	5,674	6,056
71 shares of NETAPP, INC. NTAP	3,735	3,902
18 shares of NETFLIX INC NFLX	3,144	3,163
64 shares of NEWMONT MINING CORP NEM	3,797	3,932
4250 shares of ON ASSIGNMENT, INC. ASGN	51,910	34,638
404 shares of OPPENHEIMER DEVELOPING MKTS FD CL A ODMAX	14,090	14,736
4783 shares of OPPENHEIMER INTERNATIONAL BOND FUND - CLASS A OIBAX	30,769	31,378
132 shares of ORACLE CORP ORCL	3,776	4,132
109 shares of OWENS AND MINOR INC OMI	3,138	3,208
88 shares of PEPSICO INC PEP	5,683	5,749
326 shares of PFIZER INC. PFE	5,675	5,708
64 shares of PHILIP MORRIS INTL PM	3,148	3,746
7211 shares of PIMCO FD PAC INV MGMT COMMODITY PCRRX	47,195	66,264
10 shares of PRICELINE.COM INCORPORATED PCLN	1,797	3,996
90 shares of PROCTER GAMBLE CO PG	5,205	5,790
122 shares of RAYTHEON CO. RTN	5,526	5,653
89 shares of RED HAT, INC RHT	3,719	4,063
208 shares of RPC INC RES	3,119	3,769
292 shares of SONIC AUTOMOTIVE INC CL A SAH	3,208	3,866
74 shares of TECH DATA CORP TECD	3,190	3,257
130 shares of TEXAS INSTRUMENTS INC. TXN	3,782	4,225
165 shares of TIBCO SOFTWARE TIBX	3,126	3,252
104 shares of TOTAL FINA ELF S.A. TOT	6,790	5,562
103 shares of TRAVELERS COMPANIES INC THE TRV	5,321	5,738
261 shares of US AIRWAYS GROUP INC LCC	3,112	2,613
174 shares of VERIZON COMMUNICATIONS VZ	4,276	6,226
105 shares of WAL-MART STORES INC. WMT	5,660	5,663
82 shares of WGL HOLDINGS INC WGL	3,168	2,933
114 shares of WORLD FUEL SVCS CP INT	3,201	4,122

- TIN:

TY 2010 InvestmentsGovtObligationsSch

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

US Government Securities - End of Year Book Value:

67,796

US Government Securities - End of Year Fair Market Value:

69,457

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

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

- TIN:

TY 2010 OtherExpensesSchedule

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrative Fees	8,045			8,045
Bank Charge	30	30

- TIN:

TY 2010 OtherProfessionalFeesSchedule

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	10,216	10,216

- TIN:

TY 2010 TaxesSchedule

Name:

Hoffman-Brouse Foundation

EIN: 20-2072534

Software ID:10000149

Software Version:2010.2.13

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Tax Paid	46	46	0	0