Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)178 MAIN STREET PO BOX 174   Room/suite
City or town, state, and ZIP code
NEW BRITAIN, CT06050
A Employer identification number

03-6079398
B Telephone number (see page 10 of the instructions)

(802) 786-4152
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$662,289J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 23,373 23,373  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 90,865
b Gross sales price for all assets on line 6a 676,617
7 Capital gain net income (from Part IV, line 2)... 90,865
8 Net short-term capital gain......... 0
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........ 114,238 114,238  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 7,375 4,916   2,458
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 575 383 0 192
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 517 164   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,467 5,463 0 2,650
25 Contributions, gifts, grants paid........ 27,698 27,698
26 Total expenses and disbursements. Add lines 24 and 25 36,165 5,463 0 30,348
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 78,073
b Net investment income (if negative, enter -0-) 108,775
c Adjusted net income (if negative, enter -0-)... 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.......... 31,261 31,702 31,702
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 523,266 Click to see attachment600,325 630,587
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) 554,527 632,027 662,289
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......... 554,527 632,027
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 554,527 632,027
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 554,527 632,027
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)............... 1 554,527
2 Enter amount from Part I, line 27a...................... 2 78,073
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 632,600
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 573
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 632,027
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 20. AT&T INC   2008-07-31 2010-04-23
b 100. ABERCROMBIE & FITCH CO CL A   2009-03-25 2010-01-11
c 40. AMERICAN EXPRESS CO   2003-07-17 2010-04-23
d 10. APACHE CORPORATION   2008-08-25 2010-04-23
e 20. APOLLO GROUP INC CL A   2010-01-12 2010-04-23
40. AUTODESK INC COM   2009-01-14 2010-04-23
151. AUTODESK INC COM   2009-01-14 2010-06-24
80.759 BARON ASSET FD GROWTH & INC   2009-07-17 2010-04-23
25.459 BARON ASSET FD GROWTH & INC   2010-07-15 2010-11-18
349.241 BARON ASSET FD GROWTH & INC   2009-07-17 2010-11-18
70. BEST BUY INC   2010-11-18 2010-12-16
20. BHP BILLITON LTD   2009-03-24 2010-04-23
40. BHP BILLITON LTD   2009-05-01 2010-05-05
20000. CATERPILLAR FIN 5.125% 10/12/2011 DTD 10/12/2006   2007-04-26 2010-05-04
10. CHEVRONTEXACO CORP   2009-04-13 2010-01-11
10. CHEVRONTEXACO CORP   2009-04-13 2010-04-23
10. CIMAREX ENERGY CO   2009-04-13 2010-04-23
20. CIMAREX ENERGY CO   2009-04-13 2010-06-24
90. CISCO SYSTEMS INC   2008-11-12 2010-04-23
30. CLOROX CO   2008-11-05 2010-04-23
30. CLOROX CO   2008-11-05 2010-11-08
20. CLOROX CO   2009-07-07 2010-11-15
18. CLOROX CO   2009-07-07 2010-11-16
50. COGNIZANT TECHNLGY SLTNS COR   2008-11-12 2010-02-18
20. COGNIZANT TECHNLGY SLTNS COR   2009-03-09 2010-04-23
20. COGNIZANT TECHNLGY SLTNS COR   2009-03-09 2010-11-08
20000. CONOCOPHILLIPS 4.75% 10/15/2012 DTD 10/9/2002   2004-03-31 2010-01-28
30. DIAGEO PLC ADR   2008-04-28 2010-04-23
20. DIAGEO PLC ADR   2008-04-28 2010-10-12
20. WALT DISNEY CO   2009-03-09 2010-04-23
50. EMC CORPORATION/MASS   2008-11-05 2010-04-23
50. EMC CORPORATION/MASS   2008-11-05 2010-10-12
50. EMC CORPORATION/MASS   2008-11-05 2010-10-22
20. EMERSON ELECTRIC CO   2010-02-18 2010-04-23
20. EXELON CORP COM   2010-01-11 2010-04-23
10. EXXON MOBIL CORP COM   2001-09-25 2010-01-11
20. EXXON MOBIL CORP COM   2001-09-25 2010-04-23
79. FASTENAL CO COM   2008-11-12 2010-01-11
162.325 FIDELITY ADVISOR EMERGING MARKET CLASS I FUND #1290   2008-11-11 2010-04-23
441.557 FIDELITY ADVISOR EMERGING MARKET CLASS I FUND #1290   2008-11-11 2010-05-12
301.118 FIDELITY ADVISOR EMERGING MARKET CLASS I FUND #1290   2008-11-11 2010-11-18
.123 FRONTIER COMMUNICATIONS CORP COM   2008-11-12 2010-07-16
21. FRONTIER COMMUNICATIONS CORP COM   2008-11-12 2010-07-21
40. GALLAGHER ARTHUR J & CO   2009-01-14 2010-04-23
20000. GENERAL DYNAMICS 4.50% 8/15/2010 DTD 8/14/2003   2004-04-01 2010-08-15
20. HEWLETT PACKARD CO   2009-01-14 2010-04-23
20. HOME DEPOT INC   2008-04-28 2010-04-23
30. ILLINOIS TOOL WORKS   2008-10-02 2010-04-23
5. ISHARES TR US TIPS BD FD   2010-08-17 2010-11-18
75. ISHARES TR US TIPS BD FD   2009-07-20 2010-11-18
60. ISHARES COHEN & STEERS RLTY   2009-01-14 2010-04-23
270. ISHARES COHEN & STEERS RLTY   2009-02-19 2010-11-18
30. J P MORGAN CHASE & CO   2008-08-25 2010-04-23
20. JOHNSON & JOHNSON CO   2008-10-02 2010-04-23
113.77 MFS RESEARCH INTERNATIONAL FUND I FUND #899   2008-08-06 2010-04-23
641.73 MFS RESEARCH INTERNATIONAL FUND I FUND #899   2009-01-21 2010-05-12
41.141 MFS RESEARCH INTERNATIONAL FUND I FUND #899   2010-07-15 2010-11-18
1616.207 MFS RESEARCH INTERNATIONAL FUND I FUND #899   2009-01-21 2010-11-18
80. MEDTRONIC INC   2008-11-05 2010-03-16
40. MICROSOFT CORPORATION   2008-08-25 2010-04-23
10. MONSANTO CO NEW   2008-10-02 2010-04-23
25. MONSANTO CO NEW   2008-10-02 2010-10-12
20. NOVARTIS A G SPONSORED ADR   2008-08-25 2010-04-23
80. NOVARTIS A G SPONSORED ADR   2009-03-09 2010-05-27
9745. PIMCO TOTAL RETURN FUND #35   2010-08-17 2010-11-18
10015. PIMCO TOTAL RETURN FUND #35   2009-11-17 2010-11-18
1970. PIMCO HIGH YLD FUND INSTL #108   2010-05-05 2010-11-18
1300. PIMCO HIGH YLD FUND INSTL #108   2009-07-14 2010-11-18
40. PAYCHEX INC   2008-08-25 2010-04-23
20. PEPSICO INCORPORATED   2001-12-31 2010-04-23
80. PETSMART INC   2009-03-09 2010-01-11
80. PETSMART INC   2009-03-09 2010-01-12
710.292 T ROWE PRICE GROWTH STOCK FUND   2010-07-15 2010-11-18
20. PROCTER & GAMBLE CO   2001-12-31 2010-04-23
30. QUEST DIAGNOSTICS INC COM   2008-08-25 2010-12-02
10. QUEST DIAGNOSTICS INC COM   2010-11-18 2010-12-03
25. QUEST DIAGNOSTICS INC COM   2008-08-25 2010-12-03
128.084 T ROWE PRICE NEW ERA FUND #41   2009-09-24 2010-04-23
44.846 T ROWE PRICE NEW ERA FUND #41   2010-07-15 2010-11-18
352.115 T ROWE PRICE NEW ERA FUND #41   2009-09-24 2010-11-18
10. SIGMA-ALDRICH CORP COMMON   2008-10-02 2010-04-23
40. SOUTHERN CO   2008-11-05 2010-12-16
46. SOUTHERN CO   2008-11-05 2010-12-17
20. STATE STREET CORP   2008-11-11 2010-04-23
20. STRYKER CORP   2009-11-02 2010-04-23
60. TEXAS INSTRUMENTS   2008-11-12 2010-04-23
147. TEXAS INSTRUMENTS   2009-05-01 2010-08-24
20. THERMO ELECTRON CORPORATION   2008-07-31 2010-04-23
20. 3M CO   2008-10-02 2010-04-23
60. US BANCORP DEL NEW   2008-08-25 2010-04-23
20. ULTRA PETROLEUM CORP   2009-12-16 2010-04-23
20000. U S TREASURY NOTE 4.625% 12/31/2011 DTD 01/02/2007   2007-01-04 2010-05-27
10. UNITED TECHNOLOGIES   2008-10-02 2010-04-23
595. VANGUARD GNMA FIXED INCOME   2010-08-17 2010-11-18
1200. VANGUARD GNMA FIXED INCOME   2009-02-03 2010-11-18
429.596 VANGUARD MID-CAP INDEX FUND A   2008-08-06 2010-04-23
151.71 VANGUARD MID-CAP INDEX FUND A   2010-07-15 2010-11-18
1730.404 VANGUARD MID-CAP INDEX FUND A   2008-10-08 2010-11-18
50. WELLS FARGO & CO NEW   2009-03-16 2010-04-23
50. YUM BRANDS INC   2008-04-28 2010-04-23
30. YUM BRANDS INC   2008-04-28 2010-12-02
60. ZIMMER HLDGS INC   2009-02-19 2010-09-15
20. ACE LTD   2010-03-16 2010-04-23
10. TRANSOCEAN LTD ZUG NAMEN AKT   2009-04-13 2010-04-23
10. TRANSOCEAN LTD ZUG NAMEN AKT   2009-06-23 2010-05-14
30. TRANSOCEAN LTD ZUG NAMEN AKT   2009-04-13 2010-05-14
(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 521   625 -104
b 3,264   2,441 823
c 1,918   1,561 357
d 1,096   1,128 -32
e 1,265   1,200 65
1,359   711 648
4,016   2,683 1,333
3,788   2,827 961
1,198   1,083 115
16,435   12,227 4,208
2,423   2,938 -515
1,561   927 634
2,755   1,904 851
21,142   20,000 1,142
807   680 127
826   680 146
670   240 430
1,450   480 970
2,471   1,495 976
1,960   1,827 133
1,887   1,827 60
1,275   1,165 110
1,131   1,016 115
2,363   839 1,524
1,063   362 701
1,258   362 896
21,559   20,703 856
2,106   2,450 -344
1,416   1,633 -217
734   312 422
996   556 440
1,009   556 453
1,070   556 514
1,051   920 131
877   973 -96
702   357 345
1,382   715 667
3,622   2,633 989
3,578   3,432 146
9,198   5,321 3,877
7,269   3,628 3,641
1   1  
155   159 -4
1,057   950 107
20,000   20,830 -830
1,076   704 372
725   597 128
1,566   1,261 305
545   537 8
8,171   7,592 579
3,711   3,219 492
16,854   9,138 7,716
1,344   1,086 258
1,297   1,358 -61
1,650   1,993 -343
8,721   9,304 -583
644   557 87
25,310   16,049 9,261
3,600   3,138 462
1,229   1,103 126
654   812 -158
1,307   2,029 -722
1,048   1,103 -55
3,589   3,998 -409
112,262   108,218 4,044
115,373   104,473 10,900
18,380   17,907 473
12,129   9,776 2,353
1,264   1,366 -102
1,292   983 309
2,141   1,335 806
2,116   1,335 781
21,941   20,391 1,550
1,268   740 528
1,519   1,617 -98
500   511 -11
1,249   1,348 -99
6,026   5,216 810
2,180   1,808 372
17,113   14,338 2,775
592   506 86
1,510   1,394 116
1,735   1,603 132
887   844 43
1,175   937 238
1,597   994 603
3,572   2,514 1,058
1,071   1,218 -147
1,726   1,317 409
1,633   1,820 -187
955   1,016 -61
21,249   20,022 1,227
763   556 207
6,587   6,438 149
13,284   12,512 772
8,162   7,922 240
2,905   2,573 332
33,137   23,891 9,246
1,669   723 946
2,168   2,041 127
1,530   1,225 305
2,993   2,401 592
1,059   1,023 36
900   670 230
659   730 -71
1,976   2,009 -33
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       -104
b       823
c       357
d       -32
e       65
      648
      1,333
      961
      115
      4,208
      -515
      634
      851
      1,142
      127
      146
      430
      970
      976
      133
      60
      110
      115
      1,524
      701
      896
      856
      -344
      -217
      422
      440
      453
      514
      131
      -96
      345
      667
      989
      146
      3,877
      3,641
       
      -4
      107
      -830
      372
      128
      305
      8
      579
      492
      7,716
      258
      -61
      -343
      -583
      87
      9,261
      462
      126
      -158
      -722
      -55
      -409
      4,044
      10,900
      473
      2,353
      -102
      309
      806
      781
      1,550
      528
      -98
      -11
      -99
      810
      372
      2,775
      86
      116
      132
      43
      238
      603
      1,058
      -147
      409
      -187
      -61
      1,227
      207
      149
      772
      240
      332
      9,246
      946
      127
      305
      592
      36
      230
      -71
      -33
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 90,865
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 34,529 561,025 0.061546
2008 39,038 599,682 0.065098
2007 37,748 732,493 0.051534
2006 36,652 713,817 0.051346
2005 23,109 685,956 0.033689
2 Total of line 1, column (d) ...................... 2 0.263213
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.052643
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 621,090
5 Multiply line 4 by line 3....................... 5 32,696
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,088
7 Add lines 5 and 6......................... 7 33,784
8 Enter qualifying distributions from Part XII, line 4.............. 8 30,348
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 2,176
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,176
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,176
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 9
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,185
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 0
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)bulletVT
    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 ofbulletTD Wealth Management Telephone no.bullet (802) 786-4152
    Located atbullet89 MERCHANTS ROWRUTLANDVT ZIP+4bullet05701
    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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    TD Wealth Management Trustee
    1     		7,375    
    89 Merchants Row
    Rutland,VT05701
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 ALL INCOME FROM THE TRUST IS DISTRIBUTED QUARTERLY TO THE WILLIAM DEAN FAUSETT FOUNDATION FOR THE PRESERVATION AND 30,348
    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
    606,807
    b
    Average of monthly cash balances.......................
    1b
    23,741
    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
    630,548
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    630,548
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    9,458
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    621,090
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    31,055
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    31,055
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,176
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,176
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    28,879
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    28,879
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    28,879
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    30,348
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    30,348
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    30,348
    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 28,879
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:2008, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 0
    b From 2006....... 1,572
    c From 2007....... 1,533
    d From 2008....... 9,372
    e From 2009....... 7,184
    fTotal of lines 3a through e......... 19,661
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 30,348
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 28,879
    e Remaining amount distributed out of corpus 1,469
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 21,130
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		21,130
    10 Analysis of line 9:
    a Excess from 2006.... 1,572
    b Excess from 2007.... 1,533
    c Excess from 2008.... 9,372
    d Excess from 2009.... 7,184
    e Excess from 2010.... 1,469
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WILLIAM DEAN FAUSETT FOUNDATION
    C/O DORY FELDMANN
    5950 SW 112TH STREET
    PINECREST,FL33156     		NONE FOUNDATION ASSISTANCE FOR HISTORICAL PRESERVATION 27,698
    Total .................................bullet 3a 27,698
    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          
    4 Dividends and interest from securities....     14 23,373  
    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 90,865  
    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)..   114,238  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13114,238
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    WILLIAM DEAN FAUSETT CHARITABLE TRUST
    EIN: 03-6079398
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 575 383   192

    TY 2010 InvestmentsOtherSchedule2
    Name:
    WILLIAM DEAN FAUSETT CHARITABLE TRUST
    EIN: 03-6079398
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    US TREASURY NOTE 4.625%      
    CATERPILLAR FIN 5.125%      
    CONOCOPHILLIPS 4.75%      
    GENERAL DYNAMICS 4.50%      
    ISHARES TR US TIPS BD FD      
    PIMCO TOTAL RETURN INSTL      
    PIMCO HIGH YLD FUND INSTL      
    VANGUARD GNMA FUND #36      
    ABERCROMB & FITCH CO CL A      
    WALT DISNEY CO AT COST 2,520 4,501
    HOME DEPOT INC AT COST 4,776 5,575
    PETSMART INC      
    YUM BRANDS INC AT COST 4,930 5,837
    CLOROX CO      
    COLGATE PALMOLIVE CO AT COST 2,947 3,777
    DIAGEO PLC ADR AT COST 3,933 4,831
    PEPSICO INCORPORATED AT COST 5,770 6,664
    PROCTER & GAMBLE CO AT COST 4,317 5,725
    TRANSOCEAN LTD ZUG      
    APACHE CORPORATION AT COST 6,648 7,750
    CHEVRON CORPORATION AT COST 4,949 6,388
    CIMAREX ENERGY CO AT COST 2,265 6,197
    EXXON MOBIL CORP AT COST 4,364 6,581
    ULTRA PETROLEUM CORP AT COST 5,411 5,255
    ACE LTD AT COST 2,750 3,735
    AMERICAN EXPRESS CO AT COST 5,002 6,481
    GALLAGHER ARTHUR J & CO AT COST 3,279 4,129
    J P MORGAN CHASE & CO AT COST 5,442 6,151
    STATE STREET CORP AT COST 3,022 3,244
    US BANCORP DEL NEW AT COST 4,882 6,014
    WELLS FARGO & CO NEW AT COST 4,397 5,888
    JOHNSON & JOHNSON CO AT COST 5,706 5,567
    MEDTRONIC INC      
    NOVARTIS A G SPONSORED ADR      
    QUEST DIAGNOSTICS INC COM      
    STRYKER CORP AT COST 4,784 5,370
    THERMO FISHER SCIENTIFIC IN AT COST 4,445 4,982
    ZIMMER HLDGS INC      
    EXPEDITORS INTL WASH INC AT COST 4,252 6,115
    FASTENAL CO      
    ILLINOIS TOOL WKS INC AT COST 4,827 5,874
    3M CO AT COST 5,928 6,904
    UNITED TECHNOLOGIES AT COST 4,282 5,904
    AUTODESK INC      
    CISCO SYSTEMS INC AT COST 5,189 5,948
    COGNIZANT TECHNOLOGY SOLUT AT COST 2,186 5,717
    EMC CORPORATION/ MASS AT COST 3,297 5,542
    HEWLETT PACKARD CO AT COST 5,250 5,852
    MICROSOFT CORPORATION AT COST 6,671 7,257
    PAYCHEX INC AT COST 5,901 6,491
    TEXAS INSTRUMENTS      
    BHP BILLITON LTD      
    MONSANTO CO NEW      
    SIGMA-ALDRICH CORP COMMON AT COST 2,410 2,995
    AT&T INC AT COST 3,792 3,966
    VERIZON COMMUNICATIONS AT COST 4,251 5,295
    EXCELON CORP AT COST 4,977 4,580
    SOUTHERN CO      
    BARON GROWTH FUND #587      
    FIDELITY ADVISOR EMERGING      
    ISHARES COHEN & STEER RLTY      
    MFS RESEARCH INTERNAT      
    T ROWE PRICE NEW ERA F      
    VANGUARD MID-CAP INDEX FU      
    MUTUAL FUNDS - FIXED INCOME AT COST 286,651 272,547
    APOLLO GROUP INC CL A AT COST 4,707 3,554
    TARGET CORP AT COST 5,305 5,412
    ABBOTT LABS CO AT COST 5,759 5,749
    UNITEDHEALTH GROUP INC AT COST 3,449 3,611
    EMERSON ELECTRIC CO AT COST 5,112 6,289
    LINEAR TECHNOLOGY AT COST 5,298 6,226
    ORACLE CORPORATION AT COST 2,488 2,504
    QUALCOMM INCORPORATED AT COST 3,822 3,959
    ECOLAB INC AT COST 4,361 4,538
    MUTUAL FUNDS - EQUITIES AT COST 113,621 117,116

    TY 2010 OtherDecreasesSchedule
    Name:
    WILLIAM DEAN FAUSETT CHARITABLE TRUST
    EIN: 03-6079398
    Description Amount
    CASH ACCRUAL ADJUSTING ENTRY 573


    TY 2010 TaxesSchedule
    Name:
    WILLIAM DEAN FAUSETT CHARITABLE TRUST
    EIN: 03-6079398
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PRIOR YEAR FED TAX 353 0   0
    FOREIGN TAX PAID 164 164   0