Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
W F Whitman Family Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)c/o Foundation Source 501 Silversid   Room/suite
City or town, state, and ZIP code
Wilmington, DE198091377
A Employer identification number

20-0413209
B Telephone number (see page 10 of the instructions)

(800) 839-1754
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$3,545,617J 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) 153,017
2 Check bullet
3 Interest on savings and temporary cash investments 52 52  
4 Dividends and interest from securities...... 70,635 70,635  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 101,459
b Gross sales price for all assets on line 6a 832,050
7 Capital gain net income (from Part IV, line 2)... 101,459
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........ 325,163 172,146  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 16,909 16,909    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,028 249    
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 16,217 459   15,758
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 35,154 17,617   15,758
25 Contributions, gifts, grants paid........ 131,000 131,000
26 Total expenses and disbursements. Add lines 24 and 25 166,154 17,617   146,758
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 159,009
b Net investment income (if negative, enter -0-) 154,529
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...............      
2 Savings and temporary cash investments.......... 89,755 94,691 94,691
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) 66,442 Click to see attachment23,578 24,426
b Investments—corporate stock (attach schedule)........ 2,336,743 Click to see attachment2,627,514 3,153,834
c Investments—corporate bonds (attach schedule)........ 351,488 Click to see attachment257,654 272,666
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) 2,844,428 3,003,437 3,545,617
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
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,844,428 3,003,437
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,844,428 3,003,437
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,844,428 3,003,437
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,844,428
2 Enter amount from Part I, line 27a...................... 2 159,009
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,003,437
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,003,437
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
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 832,050   730,591 101,459
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       101,459
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 101,459
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 155,785 2,715,186 000.057375
2008 164,161 3,167,007 000.051835
2007 133,354 3,463,344 000.038504
2006 101,264 3,018,758 000.033545
2005 64,529 2,591,564 000.024900
2 Total of line 1, column (d) ...................... 2 000.206159
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. . . 		3 000.041232
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,215,789
5 Multiply line 4 by line 3....................... 5 132,593
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,545
7 Add lines 5 and 6......................... 7 134,138
8 Enter qualifying distributions from Part XII, line 4.............. 8 146,758
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,545
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,545
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 1,545
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,400
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.............. Tax Paid Original Return: 1400 7 1,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 145
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    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 addressbullet  
    14
    The books are in care ofbulletco Foundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
    Yes
     
    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
    Thomas C Danziger Secretary
    001.00     		0    
    c/o Foundation Source 501 Silversid
    Wilmington,DE19809
    Barbara K Whitman Director
    001.00     		0    
    c/o Foundation Source 501 Silversid
    Wilmington,DE19809
    Laura B Whitman First Vice President / Director
    001.00     		0    
    c/o Foundation Source 501 Silversid
    Wilmington,DE19809
    W Fifield Whitman Second Vice President / Director
    001.00     		0    
    c/o Foundation Source 501 Silversid
    Wilmington,DE19809
    William F Whitman Jr President / Director / Treasurer
    001.00     		0    
    c/o Foundation Source 501 Silversid
    Wilmington,DE19809
    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  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,124,930
    b
    Average of monthly cash balances.......................
    1b
    139,830
    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
    3,264,760
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    3,264,760
    4
    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............................
    4
    48,971
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,215,789
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    160,789
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    160,789
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,545
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,545
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    159,244
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    159,244
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    159,244
    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 Click to see attachment..........
    1a
    146,758
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    146,758
    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
    1,545
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    145,213
    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 7 159,244
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 134,626
    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.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 146,758
    a Applied to 2009, but not more than line 2a 134,626
    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..... 12,132
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		147,112
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    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).)
    Barbara K Whitman
    William F Whitman Jr
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BAGADUCE MUSIC LENDING LIBRARY
    PO BOX 829
    BLUE HILL,ME04614     		N/A 509(a)(1) General Unrestricted 500
    BOYS GIRLS CLUB OF BLUFFTON
    PO BOX 1908
    BLUFFTON,SC29910     		N/A 509(a)(1) Support-a-Child Program 1,000
    BOYS GIRLS CLUB OF MARTIN COUNTY
    PO BOX 910
    HOBE SOUND,FL33475     		N/A 509(a)(1) Indiantown Building Project 24,200
    FRIENDS OF ACADIA
    PO BOX 45
    BAR HARBOR,ME04609     		N/A 509(a)(1) Annual Giving Fund 500
    FRIENDS OF ACADIA
    PO BOX 45
    BAR HARBOR,ME04609     		N/A 509(a)(1) Patron/Friends Program 1,000
    FRIENDS OF ACADIA
    PO BOX 45
    BAR HARBOR,ME04609     		N/A 509(a)(1) Foundation Membership - Beech Society Initiative 2,500
    GOTHAM ARTS EXCHANGE INC
    506 FORT WASHINGTON AVE 1H
    NEW YORK,NY10033     		N/A 509(a)(1) Alison Chase/Performance 750
    HAYSTACK MOUNTAIN SCHOOL OF CRAFTS
    PO BOX 518
    DEER ISLE,ME04627     		N/A 509(a)(1) General Unrestricted 250
    HOBE SOUND COMMUNITY CHEST INC
    11450 SE DIXIE HWY STE 102
    HOBE SOUND,FL33455     		N/A 509(a)(1) General Unrestricted 500
    ISLAND INSTITUTE
    386 MAIN ST
    ROCKLAND,ME04841     		N/A 509(a)(1) Anchors Program 10,000
    ISLAND PANTRY INC
    PO BOX 12
    DEER ISLE,ME04627     		N/A 509(a)(1) General Unrestricted 350
    JUPITER ISLAND MEDICAL CLINIC INC
    100 ESTRADA SQ
    HOBE SOUND,FL33455     		N/A 509(a)(1) General Unrestricted 1,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		N/A 509(a)(1) Presidents Club Program 1,000
    KNEISEL HALL
    PO BOX 648
    BLUE HILL,ME04614     		N/A 509(a)(1) General Unrestricted 200
    LOBLOLLYPOP FOUNDATION INC
    7407 SE HILL TER
    HOBE SOUND,FL33455     		N/A 509(a)(1) Loblollypop POP Initiative 1,000
    MAINE COAST HERITAGE TRUST
    1 BOWDOIN MILL ISLAND 201
    TOPSHAM,ME04086     		N/A 509(a)(1) General Unrestricted 500
    MEMORY MATTERS
    PO BOX 22330
    HILTON HEAD,SC29925     		N/A 509(a)(1) General Unrestricted 250
    OPERA HOUSE ARTS
    PO BOX 56
    STONINGTON,ME04681     		N/A 509(a)(1) General Unrestricted 100
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPGS,NY12866     		N/A 509(a)(1) Williamson Challenge Campaign 1,000
    UNITED WAY OF MARTIN COUNTY INC
    50 SE KINDRED ST STE 207
    STUART,FL34994     		N/A 509(a)(1) General Unrestricted 1,000
    WILLIAMS COLLEGE
    75 PARK ST
    WILLIAMSTOWN,MA01267     		N/A 509(a)(1) College Museum of Art/ Contemporary Fellows 1,000
    WILLIAMS COLLEGE
    75 PARK ST
    WILLIAMSTOWN,MA01267     		N/A 509(a)(1) Alumni Fund 500
    WILLIAMS COLLEGE
    75 PARK ST
    WILLIAMSTOWN,MA01267     		N/A 509(a)(1) Williams College Golf Program 500
    AMERICAN MUSEUM OF NATURAL HISTORY
    79TH ST AT CENTRAL PARK W
    NEW YORK,NY10024     		N/A 509(a)(1) General Unrestricted 10,000
    BLUE HILL MEMORIAL HOSPITAL INC
    PO BOX 1029
    BLUE HILL,ME04614     		N/A 509(a)(1) Island Medical, EMR Project 25,000
    COLD SPRING HARBOR LAB ASSN INC
    PO BOX 100
    COLD SPG HBR,NY11724     		N/A 509(a)(1) General Unrestricted 2,000
    COMMUNITY FD OF OYSTER BAY INC
    200 SUNSET RD
    OYSTER BAY,NY11771     		N/A 509(a)(1) General Unrestricted 1,000
    DEER ISLE-STONINGTON HIST SOCIETY
    PO BOX 652
    DEER ISLE,ME04627     		N/A 509(a)(1) Construction of an historic pole barn 2,500
    FRDS OF COLD SPRING HBR FISH HATCHE
    1660 ROUTE 25A
    COLD SPG HBR,NY11724     		N/A 509(a)(1) General Unrestricted 2,000
    GLEN COVE BOYS GIRLS CLUB
    113 GLEN COVE AVENUE
    GLEN COVE,NY11542     		N/A 509(a)(1) General Unrestricted 4,000
    GRANT FOUNDATION
    6739 REYNOLDS ST
    PITTSBURGH,PA15206     		N/A 509(a)(1) General Unrestricted 1,000
    GREEN VALE SCHOOL
    250 VALENTINES LANE
    OLD BROOKVILLE,NY11545     		N/A 509(a)(1) General Unrestricted 4,050
    ISLAND INSTITUTE
    386 MAIN ST
    ROCKLAND,ME04841     		N/A 509(a)(1) Stonington/Deere Island Fellows Program 1,000
    MAINE COMMUNITY FOUNDATION
    245 MAIN ST
    ELLSWORTH,ME04605     		N/A 509(a)(1) New Science Facility 5,000
    MATINECOCK NEIGHBORHOOD ASSN
    PO BOX 328
    LOCUST VALLEY,NY11560     		N/A 509(a)(2) General Unrestricted 500
    OLD WESTBURY GARDENS
    71 OLD WESTBURY ROAD
    OLD WESTBURY,NY11568     		N/A 509(a)(1) General Unrestricted 100
    OPERA HOUSE ARTS
    PO BOX 56
    STONINGTON,ME04681     		N/A 509(a)(1) Live for 5 Series 12,000
    OPERA HOUSE ARTS
    PO BOX 56
    STONINGTON,ME04681     		N/A 509(a)(1) Charitable Event 5,900
    ST BERNARD'S SCHOOL
    4 E 98TH ST
    NEW YORK,NY10029     		N/A 509(a)(1) General Unrestricted 5,000
    YOUTH FAMILY COUNSELING AGENCY
    193 A SOUTH ST
    OYSTER BAY,NY11771     		N/A 509(a)(2) General Unrestricted 350
    Total .................................bullet 3a 131,000
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 52  
    4 Dividends and interest from securities....     14 70,635  
    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     18 101,459  
    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)..   172,146  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13172,146
    (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: 10000149
    Software Version: 2010.2.13
    Part VI Line 7 - Tax Paid Original Return: 1400


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    W F Whitman Family Foundation Inc
     
    Employer identification number

    20-0413209
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    W F Whitman Family Foundation Inc
          		Employer identification number

    20-0413209
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    0001
     
     

    Barclays Bank PLC    
    1 Churchill Place Level 11
       
      , London   E14 5HP   UK

    		$5,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    0002
     
     

    Whitman Charitable Lead Unitrust dt    
    co W F Whitman Jr 8050 SE Little Ha
       
    Hobe Sound, FL   33455

    		$148,017




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    W F Whitman Family Foundation Inc
          		Employer identification number

    20-0413209
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    W F Whitman Family Foundation Inc
          		Employer identification number

    20-0413209
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID: 10000149
    Software Version: 2010.2.13

    TY 2010 GeneralExplanationAttachment
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    Software ID:10000149
    Software Version:2010.2.13
    Identifier Return Reference Explanation

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    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 500000.00% 5,014 5,768
    ANADARKO PETROLEUM NOTES 07.62500 03/15/2014 032511BD8 500000.00% 4,985 5,605
    ATT INC DTD 11/17/2008 6.7 11/15/2013 00206RAP7 500000.00% 4,991 5,681
    BNP PARIBAS -.6915 - 04/08/2013 05567LH75 1000000.00% 10,000 9,913
    BURLINGTON RES FIN CO GTD NT 6.500 12/01/2011 12201PAM8 1000000.00% 11,032 10,527
    CATERPILLAR INC NTS - 7.900 - 12/15/2018 149123BQ3 500000.00% 4,992 6,408
    CBS CORP 8.200 DUE 05-15-14 124857AB9 500000.00% 4,940 5,832
    CITIGROUP INC SR NT 6.375 08/12/2014 172967EY3 500000.00% 5,017 5,545
    DOW CHEM CO NT 6.000 10/01/2012 260543BR3 500000.00% 4,925 5,390
    DOW CHEMICAL CO NOTES 4.85 08/15/2012 260543BZ5 1000000.00% 9,999 10,542
    DU PONT E I DE NEMOURS CO 5.00000 01/15/2013 SR 263534BS7 100000.00% 1,007 1,075
    DUKE ENERGY CORP SR NT 6.30000 02/01/2014 264399EQ5 500000.00% 5,074 5,569
    EI DU PONT DE NEMOUR NOTES - 5.875 - 01/15/2014 263534BV0 100000.00% 995 1,115
    EXPRESS SCRIPTS INC NOTES 5.25 06/15/2012 302182AC4 1000000.00% 10,155 10,555
    FORTUNE BRANDS INC NT-03.00000-06/01/2012 349631AQ4 1000000.00% 10,313 10,150
    GE CAP CORP GLOB DTD 2/15/2002 5.875 2/15/2012 36962GXS8 1000000.00% 10,663 10,467
    GOLDMAN SACHS GROUP INC NOTE DTD 8/27/2002 5.7 9/1/2012 38141GCG7 500000.00% 4,626 5,337
    HEWLETT-PACKARD CO GLBL NT 04.75000 06/02/2014 428236AV5 500000.00% 5,000 5,506
    JEFFERIES GROUP INC 8.5 07/15/2019 472319AF9 500000.00% 5,273 5,717
    JOHN DEERE CAP CORP - 5.250 - 10/01/2012 24422EQW2 1000000.00% 9,975 10,756
    JP MORGAN CHASE CO NOTES 04.75000 05/01/2013 46625HHB9 500000.00% 4,984 5,353
    KINDER MORGAN ENERGY PARTNERS NT 6.75 03/15/2011 494550AH9 1000000.00% 10,519 10,111
    MARATHON OIL CORP NOTES 07.50000 02/15/2019 565849AH9 500000.00% 4,965 6,235
    MCDONALDS CORP MTN 6.000 4/15/11 58013MDM3 1000000.00% 10,715 10,161
    MERRILL LYNCH CO 6.05 8/15/12 59018YJ36 1000000.00% 10,304 10,609
    METLIFE INC SR NT 6.125 12/01/2011 59156RAC2 1000000.00% 10,577 10,479
    MORGAN STANLEY SR NT 6.00000 05/13/2014 61747YCF0 1000000.00% 10,471 10,804
    NATIONS BANK - 7.800 - 09/15/2016 638585AU3 500000.00% 5,624 5,533
    NOBLE ENERGY INC NOTES 08.25000 03/01/2019 655044AD7 500000.00% 4,976 6,248
    PACIFIC GAS ELEC CO 8.25000 10/15/2018 694308GN1 500000.00% 5,224 6,496
    PFIZER INC MAKE WHOLE 04.45000 03/15/2012 717081CZ4 1000000.00% 9,986 10,438
    PGE CORP SR NT 5.75000 04/01/2014 69331CAE8 500000.00% 4,973 5,473
    ROPER INDUSTRIES INCNOTES 06.62500 08/15/2013 776696AB2 500000.00% 4,999 5,573
    ROWAN COS INC SR NT-5.00000-09/01/2017 779382AN0 1000000.00% 10,002 10,087
    SEMPRA ENERGY 6.500 DUE 06-01-16 816851AN9 500000.00% 4,989 5,749
    UNITRIN INC NOTE-06.00-11/30/2015 913275AD5 500000.00% 5,000 5,057
    WASTE MGMT INC DEL GTD SR 6.37500 03/11/2015 94106LAT6 500000.00% 4,983 5,692
    WILLIS NORTH AMERICAINC CR SENS-6.20-03/28/2017 970648AD3 500000.00% 5,387 5,110

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    Software ID:10000149
    Software Version:2010.2.13
    Name of Stock End of Year Book Value End of Year Fair Market Value
    275 shares of ABAXIS, INC ABAX 7,425 7,384
    265 shares of ABBOTT LABS ABT 14,035 12,696
    420 shares of AETNA INC. NEW AET 10,964 12,814
    884 shares of ALCATEL LUCENT ALU 10,483 2,617
    145 shares of ALLIANZ SE ADR AZSEY.PK 1,452 1,721
    485 shares of ALLSCRIPTS HEALTHCARE SOLUTIONS MDRX 9,953 9,346
    217 shares of ALUMINA LTD ADS AWC 1,198 2,209
    245 shares of AMERICAN EXPRESS CO AXP 10,056 10,515
    405 shares of AMERIPRISE FINANCIAL INC AMP 9,761 23,307
    310 shares of ANADARKO PETROLEUM CORP APC 13,979 23,609
    545 shares of ANGIODYNAMICS, INC. ANGO 10,184 8,377
    86 shares of ANGLOGOLD LTD AU 2,336 4,234
    196 shares of ANSYS INC. ANSS 7,814 10,206
    55 shares of APPLE INC. AAPL 5,684 17,741
    2880 shares of ARTIO GLOBAL INVESTMENT FUNDS JIEIX 122,614 86,816
    60 shares of ASTRAZENECA AZN 2,840 2,771
    360 shares of AUTODESK, INC. ADSK 6,826 13,752
    81 shares of AXIS CAPITAL HOLDINGS LTD AXS 2,400 2,906
    107 shares of BARRICK GOLD CORP COM ABX 3,441 5,690
    470 shares of BEACON ROOFING SUPPLY, INC BECN 7,856 8,399
    275 shares of BIO-REFERENCE LABORATORIES, INC BRLI 4,978 6,100
    300 shares of BIOGEN IDEC INC BIIB 13,598 20,115
    290 shares of BOEING CO BA 11,859 18,925
    280 shares of BROADCOM CORPORATION BRCM 6,891 12,194
    490 shares of CABLEVISION SYSTEMS CORP CL A CVC 7,721 16,582
    216 shares of CABOT MICROELECTRONICS CORPORATION CCMP 7,525 8,953
    112 shares of CAMECO CORPORATION CCJ 2,815 4,523
    255 shares of CAMERON INTERNATIONAL CORP CAM 7,664 12,936
    89 shares of CAPELLA EDUCATION COMPANY CPLA 6,973 5,926
    421 shares of CARREFOUR S A CRERY.PK 3,772 3,528
    165 shares of CASS INFORMATION SYSTEMS, INC CASS 5,182 6,260
    48 shares of CENTRAIS ELEC BRAS S/AR CAIFY.PK 637 660
    910 shares of CEPHEID CPHD 11,935 20,703
    365 shares of CHEESECAKE FACTORY INC CAKE 9,223 11,191
    255 shares of CHEMED CORP CHE 12,269 16,195
    110 shares of COLGATE-PALMOLIVE COMPANY CL 7,367 8,841
    2191 shares of COMCAST CORP CMCSK 32,871 45,594
    100 shares of CONCUR TECHNOLOGIES CNQR 3,104 5,193
    130 shares of CONOCOPHILLIPS COP 6,871 8,853
    173 shares of CONSTANT CONTACT, INC. CTCT 4,050 5,361
    780 shares of CORNING INC GLW 13,092 15,070
    105 shares of COSTAR GROUP, INC. CSGP 5,106 6,044
    120 shares of COVIDIEN LTD COV 4,521 5,479
    75 shares of CREE, INC. CREE 2,181 4,942
    334 shares of DAI NIPPON PRINTING LTD JAPANSPONSORED ADR DNPLY.PK 5,353 4,576
    21 shares of DAIWA HOUSE IND LTD DWAHY.PK 1,964 2,587
    380 shares of DANAHER CORP DHR 11,111 17,925
    285 shares of DAVITA INC COMMON DVA 14,834 19,805
    325 shares of DEALERTRACK HOLDINGS INC TRAK 6,014 6,523
    815 shares of DELL INC DELL 13,268 11,043
    165 shares of DEVON ENERGY CORPORATION DVN 11,131 12,954
    760 shares of DIGI INTERNATIONAL INC. DGII 8,654 8,436
    260 shares of DIRECTV GROUP DTV 6,257 10,382
    120 shares of DOLBY LABORATORIES DLB 4,458 8,004
    325 shares of DU PONT DE NEMOURS DD 9,238 16,211
    165 shares of DYNAMEX INC. DDMX 3,992 4,085
    375 shares of ECHELON CORPORATION ELON 3,544 3,821
    157 shares of ECHO GLOBAL LOGISTICS, INC. ECHO 1,644 1,890
    294 shares of ELECTRICITE FR UNSP/ADR ECIFY.PK 2,818 2,440
    495 shares of ELECTRONIC ARTS ERTS 8,746 8,108
    73 shares of EMBRAER EMPRESA BR ERJ 1,527 2,146
    180 shares of ENERNOC, INC. ENOC 6,173 4,304
    135 shares of EVEREST RE GROUP LTD RE 10,560 11,451
    345 shares of EXXON MOBIL CORP XOM 26,269 25,225
    170 shares of FARO TECHNOLOGIES, INC. FARO 5,117 5,583
    412 shares of FIDELITY NATIONAL INFORMATION SERVICES INC FIS 11,309 11,285
    565 shares of FINMECCANICA ADR FINMY.PK 3,250 3,221
    200 shares of FISERV INC FISV 8,421 11,712
    140 shares of FLUOR CORP NEW FLR 7,152 9,276
    470 shares of FOREST LABORATORIES FRX 11,722 15,031
    220 shares of FORRESTER RESEARCH INC. FORR 5,931 7,764
    175 shares of FORWARD AIR CORP FWRD 4,912 4,967
    185 shares of FRANKLIN RES INC BEN 12,939 20,574
    140 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX 7,017 16,813
    102 shares of FUJIFILM HOLDINGS FUJI 3,651 3,645
    645 shares of GENTEX CORPORATION GNTX 10,940 19,066
    180 shares of GENUINE PARTS COMPANY GPC 6,954 9,241
    210 shares of GENZYME CORP GENZ 11,678 14,952
    83 shares of GLAXOSMITHKLINE PLC GSK 3,389 3,255
    280 shares of GOLD FIELDS LTD ADS GFI 3,745 5,076
    301 shares of GRAND CANYON EDUCATION, INC. LOPE 6,801 5,897
    360 shares of GUIDANCE SOFTWARE, INC. GUID 2,913 2,588
    30 shares of HACHIJUNI BANK LTD ADR HACBY.PK 1,853 1,684
    570 shares of HUDSON CITY BANCORP INC COMMON HCBK 7,573 7,262
    64 shares of IMPALA PLATINUM LTD S/ADR IMPUY.PK 1,608 2,265
    295 shares of INGERSOL-RAND PLC IR 10,792 13,892
    700 shares of INNERWORKINGS, INC. INWK 6,222 4,585
    600 shares of INTERNATIONAL GAME TECHNOLOGY IGT 7,488 10,614
    180 shares of IPC THE HOSPITALIST COMPANY, INC. IPCM 4,417 7,022
    170 shares of KAO CORP ADR KCRPY.PK 3,235 4,571
    918 shares of KEELEY FDS INC SMALL CAP VALUE FD A KSCVX 25,262 22,921
    214 shares of KINROSS GOLD CORP KGC 3,858 4,057
    187 shares of KOREA ELECTRIC PW CP KEP 3,143 2,526
    130 shares of L-3 COMMUNICATIONS CORP LLL 8,968 9,164
    190 shares of LABORATORY CORP AMER HLDGS LH 12,412 16,705
    490 shares of LANDEC CORPORATION - COMMON STOCK LNDC 4,743 2,930
    330 shares of LIBERTY MEDIA HLDG CAP SER A LCAPA 4,488 20,645
    26 shares of LIBERTY MEDIA CORP STARZ LSTZA 695 1,728
    940 shares of LIBERTY MEDIA HLDG INTERACTIVE A LINTA 4,700 14,824
    505 shares of LKQ CORPORATION - LKQ CORPORATION COMMON STOCK LKQX 7,443 11,474
    122 shares of MADISON SQUARE GARDEN, INC. COMMON STOCK MSG 1,726 3,145
    17 shares of MAGNA INTERNATIONAL INC. MGA 479 884
    149 shares of MAXIMUS INC MMS 5,919 9,771
    190 shares of MEDNAX, INC. MD 9,107 12,785
    150 shares of MEDTOX SCIENTIFIC, INC. MTOX 2,142 1,965
    430 shares of MEMC ELECTRONICS MATERIALS INC WFR 6,252 4,842
    415 shares of METLIFE INC. MET 13,800 18,443
    1060 shares of MICROSOFT CORPORATION MSFT 22,133 29,584
    215 shares of MOBILE MINI, INC. - COMMON STOCK MINI 4,610 4,233
    275 shares of MSAD INS GROUP ADR MSADY.PK 4,171 3,457
    280 shares of NAPCO SECURITY TECHNOLOGIES INC. NSSC 1,123 493
    410 shares of NATIONAL INSTRUMENTS CORPORATION NATI 11,210 15,432
    375 shares of NATL OILWELL VARCO NOV 10,574 25,218
    320 shares of NEOGEN CORPORATION NEOG 4,443 13,130
    92 shares of NEWCREST MINING LTD-SPON ADR NCMGY.PK 1,830 3,832
    194 shares of NEXEN INC NXY 5,119 4,443
    77 shares of NINTENDO CO LTD ADR OTC NTDOY.PK 2,514 2,797
    268 shares of NIPPON TELEPHONE ADR NTT 5,889 6,148
    289 shares of NOKIA NOK 3,565 2,982
    250 shares of NSTAR INC. NST 9,055 10,548
    175 shares of NUCOR CP NUE 7,949 7,669
    445 shares of NYSE EURONEXT INC NYX 10,095 13,341
    79 shares of OAO GAZPROM SPONS GDR OGZPY.PK 1,694 2,010
    175 shares of OCCIDENTAL PETE CORP OXY 15,071 17,168
    765 shares of ORACLE CORP ORCL 14,221 23,944
    260 shares of PALL CP PLL 6,928 12,891
    180 shares of PANASONIC CORP PC 2,987 2,538
    135 shares of PNC FINANCIAL GROUP INC. PNC 7,706 8,197
    159 shares of PORTFOLIO RECOVERY ASSOCIATES, INC. - COMMON STOCK PRAA 8,005 11,957
    255 shares of POWER INTEGRATIONS, INC. POWI 6,958 10,241
    235 shares of PRAXAIR INC. PX 14,539 22,435
    295 shares of PRUDENTIAL FINCL INC PRU 14,372 17,319
    82 shares of QUALITY SYSTEMS, INC. - COMMON STOCK QSII 4,915 5,725
    1280 shares of QWEST COMM INTL Q 5,663 9,741
    465 shares of RESOURCES CONNECTION, INC. RECN 10,564 8,644
    330 shares of RITCHIE BROS AUCTIONEERS RBA 7,294 7,607
    190 shares of ROCKWELL COLLINS INC COL 8,534 11,069
    81 shares of ROHM CO LTD UNSP ADR ROHCY.PK 2,273 2,655
    907 shares of ROLLINS INC ROL 10,165 17,913
    69 shares of ROYAL DUTCH SHEL PLC SPONS ADR B RDS-B 4,557 4,600
    310 shares of SANDISK CORP SNDK 4,514 15,457
    126 shares of SANOFI-AVENTIS SPONSORED ADR SNY 4,453 4,061
    870 shares of SEAGATE TECHNOLOGY STX 9,079 13,076
    224 shares of SEKISUI HOUSE LTD SKHSY.PK 2,225 2,269
    560 shares of SEMTECH CORPORATION SMTC 9,181 12,678
    76 shares of SEVEN I HOLDINGS C SVNDY.PK 3,758 4,056
    135 shares of SHISEIDO CO LTD SSDOY.PK 2,089 2,959
    30 shares of SIEMENS A G ADR SI 1,803 3,728
    292 shares of SK TELECOM ADS ADS SKM 5,450 5,440
    133 shares of SOCIETE GENERALE FRANCE SCGLY.PK 1,207 1,446
    350 shares of STAPLES INC. SPLS 7,370 7,970
    82 shares of STATOIL ASA ADS STO 1,750 1,949
    179 shares of STRATASYS, INC. SSYS 3,380 5,843
    334 shares of SUMITOMO TRUST BANKING CO LTD STBUY.PK 2,138 2,118
    104 shares of SUNCOR ENERGY INC SU 3,011 3,982
    80 shares of SWISSCOM AG S/ADR SCMWY.PK 2,725 3,524
    36 shares of TAKEDA PHARMACEUTICAL CO LTD TKPYY.PK 777 877
    390 shares of TD AMERITRADE HOLDING CORP AMTD 7,257 7,406
    125 shares of TECHNE CORPORATION TECH 7,453 8,209
    421 shares of TELECOM ITALIA SPA TI-A 9,855 4,606
    175 shares of TELVENT GIT, S.A. TLVT 5,590 4,624
    581 shares of TEXAS INSTRUMENTS INC. TXN 14,308 18,883
    9489 shares of THE ARBITRAGE FUND CLASS I ARBNX 123,773 121,364
    90 shares of THE MOSAIC CO MOS 4,567 6,872
    355 shares of THERMO FISHER SCIENTIFIC INC TMO 12,370 19,653
    350 shares of TJX COMPANIES INC TJX 13,503 15,537
    35 shares of TOYOTA MTR CORP TM 2,485 2,752
    135 shares of TRAVELERS COMPANIES INC THE TRV 6,676 7,521
    500 shares of TYCO ELECTRONICS TEL 9,275 17,700
    440 shares of TYCO INTERNATIONAL LTD. TYC 11,477 18,234
    146 shares of UBS AG UBS 4,756 2,405
    320 shares of ULTIMATE SOFTWARE GROUP, INC. THE ULTI 8,319 15,562
    317 shares of UNITED NATURAL FOODS, INC UNFI 9,008 11,628
    965 shares of UNITEDHEALTH GROUP INC. UNH 25,466 34,845
    150 shares of UNIVERSAL TECH INST UTI 3,909 3,303
    65 shares of USANA HEALTH SCIENCES INC. USNA 2,711 2,824
    355 shares of VENTAS INC VTR 11,098 18,630
    270 shares of VERINT SYSTEMS INC. VRNT 7,415 8,559
    130 shares of VERTEX PHARMCTLS INC VRTX 4,614 4,554
    195 shares of VISA INC V 12,005 13,724
    151 shares of VODAFONE GROUP PLC VOD 2,747 3,992
    50 shares of WACOAL CORP ADR WACLY.PK 3,084 3,628
    495 shares of WASTE MANAGEMENT INC. WM 15,843 18,251
    590 shares of WEATHERFORD INTL NEW WFT 11,564 13,452
    275 shares of WISCONSIN ENERGY CP WEC 12,534 16,187
    139 shares of WOLTERS KLUWER S/ADR WTKWY.PK 2,351 3,077
    655 shares of YAHOO INC YHOO 10,707 10,893
    14012 shares of THE ARBITRAGE FUND CLASS I ARBNX 182,775 179,218
    12786 shares of ARTISAN INTERNATIONAL VALUE FUND INVESTOR SHS ARTKX 313,636 346,618
    1073 shares of MARKET VECTORS BRAZIL SMALL-CAP ETF BRF 37,598 61,891
    15006 shares of FIDELITY GINNIE MAE FGMNX 170,395 172,116
    16975 shares of KEELEY FDS INC SMALL CAP VALUE FD A KSCVX 333,527 423,878

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    Software ID:10000149
    Software Version:2010.2.13
    US Government Securities - End of Year Book Value:

    23,578
    US Government Securities - End of Year Fair Market Value:

    24,426
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 OtherExpensesSchedule
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    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 15,697     15,697
    Bank Charges 459 459    
    State or local filing fees 61     61


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    Software ID:10000149
    Software Version:2010.2.13
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 16,909 16,909    


    TY 2010 TaxesSchedule
    Name:
    W F Whitman Family Foundation Inc
    EIN: 20-0413209
    Software ID:10000149
    Software Version:2010.2.13
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated tax for 2010 1,400 0 0 0
    Excise tax for 2009 234 0 0 0
    Foreign Tax Paid 249 249 0 0
    IRS Miscellaneous Fee 145 0 0 0