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
THE MCMASTER FAMILY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)215 SOUTH OCEAN GRANDE DRIVE Room N   Room/suite
City or town, state, and ZIP code
PONTE VEDRA, FL32082
A Employer identification number

03-0577385
B Telephone number (see page 10 of the instructions)

(904) 825-2110
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$858,634J 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 122 122  
4 Dividends and interest from securities...... 20,842 20,842  
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 2,591
b Gross sales price for all assets on line 6a 2,591
7 Capital gain net income (from Part IV, line 2)... 0
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........ 23,555 20,964  
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)....... Click to see attachment 700 700    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 869 869    
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 1,986 1,986    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,555 3,555   0
25 Contributions, gifts, grants paid........ 41,350 41,350
26 Total expenses and disbursements. Add lines 24 and 25 44,905 3,555   41,350
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -21,350
b Net investment income (if negative, enter -0-) 17,409
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.......... 34,993 8,169 8,169
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)      
b Investments—corporate stock (attach schedule)........ 915,689 Click to see attachment809,068 850,465
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)...........      
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) 950,682 817,237 858,634
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......... 950,682 817,237
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).................... 950,682 817,237
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 950,682 817,237
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)............... 1 950,682
2 Enter amount from Part I, line 27a...................... 2 -21,350
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,506
4 Add lines 1, 2, and 3.......................... 4 932,838
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 115,601
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 817,237
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 AMERICAN BEACON LG CAP - 28.284 SHRS P 2009-12-22 2010-04-13
b BARON GROWTH - .179 SHRS P 2009-05-28 2010-04-13
c DODGE COX INTL STOCK FD - 832.843 SHRS P 2010-04-14 2010-06-02
d FMI PROVIDENT TRUST STRAT FD - 5.137 SHRS P 2009-12-30 2010-07-01
e FAIRHOLME FUND - 16.195 SHRS P 2009-12-16 2010-07-01
FIDELITY CONTRAFUND - 396.633 SHRS P 2010-04-13 2010-07-01
FORESTER VALUE FD - 2784.705 SHRS P 2010-04-13 2010-07-01
POLARIS GLOBAL VALUE - .211 SHRS P 2009-12-31 2010-04-13
GREENHAVEN CONT COMM INDEX FD - 2400 SHRS P 2010-04-14 2010-06-02
HOMESTEAD SMALL CO STK FD - 882.957 SHRS P 2010-04-13 2010-07-01
ING CLARION GLOBAL RE INC FD - 3395 SHRS P 2010-04-14 2010-06-02
INDEXIQ ETF TR - 1570 SHRS P 2010-04-14 2010-06-02
ISHARES TR MSCI SM CAP - 445 SHRS P 2010-04-14 2010-06-02
ISHARES TR MSCI GROWTH - 415 HRS P 2010-04-14 2010-06-02
JANUS TRITON FD - 1233.859 SHRS P 2010-04-13 2010-07-01
PERKINS MIDCAP VAL FD - 801.118 SHRS P 2010-04-13 2010-07-01
LOOMIS SAYLES BOND RET SHRS - 485.065 SHRS P 2010-04-13 2010-04-13
LOOMIS SAYLES GLOBAL BD - 2701.629 SHRS P 2010-04-13 2010-06-02
NEUBERGER BERMAN GENESIS TR - 803.443 SHRS P 2010-08-06 2010-09-07
NICHOLAS EQUITY INC - 1238.458 SHRS P 2010-04-13 2010-07-01
QUANTITATIVE SM CAP - .621 SHRS P 2009-12-14 2010-04-13
SPDR INDEX SHS FDS - 605 SHRS P 2010-04-14 2010-06-02
SPDR INDEX SHS FTSE - 410 SHRS P 2010-04-14 2010-05-03
TCW TOTAL RET BD - 927.975 SHRS P 2010-04-12 2010-04-13
THE DELAFIELD FD - 1.609 SHRS P 2010-04-12 2010-04-13
MARATHON VALUE PORT FD - 2287.234 SHRS P 2010-04-13 2010-07-01
VANGUARD INTERMED - 155.794 SHRS P 2010-04-12 2010-04-13
VANGUARD INTL EQUITY - 750 SHRS P 2010-04-14 2010-06-02
VANGUARD EMERG MKTS - 635 SHRS P 2010-04-14 2010-06-02
AMERICAN BEACON LG CAP - 1853.041 SHRS P 2010-04-12 2010-04-13
BARON GROWTH - 148.257 SHRS P 2010-04-12 2010-04-13
FBR FOCUS FD - 288.352 SHRS P 2010-04-12 2010-04-13
FMI PROV TR STRAT FD - 3417.362 SHRS P 2007-07-31 2010-07-01
FAIRHOLME FD - 1800.286 SHRS P 2010-04-12 2010-07-01
POLARIS GLOBAL VAL - 1971.988 SHRS P 2010-04-12 2010-04-13
HANCOCK JOHN PFD EQ INC - 1300 SHRS P 2007-12-19 2010-06-02
ISHARES TR RUSSELL MIDCAP VAL - 300 SHRS P 2010-04-12 2010-04-13
ISHARES TR RUSSELL MIDCAP GR - 240 SHRS P 2010-04-12 2010-04-13
ISHARES TR RUSSELL - 2000 VAL FD - 185 SHRS P 2010-04-12 2010-04-13
KINETICS SM CAP OPP - 541.260 SHRS P 2010-04-12 2010-04-13
LOOMIS SAAYLES BD RET - 7892.985 SHRS P 2010-04-12 2010-04-13
PERRITT MICROCAP - 502.731 SHRS P 2010-04-12 2010-04-13
QUATITATIVE SM CAP - 323.668 SHRS P 2010-04-12 2010-04-13
ROYCE VAL FD - 1235.267 SHRS P 2010-04-12 2010-04-13
TCW TOTAL RET BD - 10616.768 SHRS P 2010-04-12 2010-04-13
THE DELAFIELD FD - 608.035 SHRS P 2010-04-12 2010-04-13
VANGUARD INFL PROT - 190.174 SHRS P 2007-05-22 2010-04-13
VANGUARD INTERMED TRM - 2703.762 SHRS P 2010-04-12 2010-04-13
VANGUARD EMERG MKTS - 150 SHRS P 2007-07-31 2010-06-02
VANGUARD INTL EQ INDEX - 395 SHRS P 2010-04-12 2010-04-13
VANGUARD INTL EQ INDEX - 1105 SHRS P 2010-04-12 2010-04-13
VANGUARD INDEX FDS MID CAP - 105 SHRS P 2010-04-12 2010-04-13
VANGUARD INDEX FDS LG CAP - 495 SHRS P 2010-04-12 2010-04-15
VANGUARD INDEX FDS GR - 350 SHRS P 2007-07-31 2010-04-13
VANGUARD INDE FDS VALUE - 600 SHRS P 2007-07-31 2010-04-13
WELLS FARGO CAP GR FD - 1542.587 SHRS P 2010-04-12 2010-04-13
Short Term Capital Gains per Sch 6781   2010-04-12 2010-12-31
Long Term Capital gains per Sch 6781   2010-04-12 2010-12-31
(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 509   607 -98
b 8   9 -1
c 24,411   28,375 -3,964
d 38   39 -1
e 488   500 -12
21,918   24,500 -2,582
31,336   33,500 -2,164
3   4 -1
58,551   61,524 -2,973
15,408   17,275 -1,867
21,654   25,813 -4,159
41,063   43,167 -2,104
14,685   17,311 -2,626
20,480   24,098 -3,618
15,669   17,200 -1,531
15,130   17,200 -2,070
6,747   6,922 -175
41,368   43,246 -1,878
30,982   32,735 -1,753
15,914   17,326 -1,412
11   13 -2
14,913   17,405 -2,492
16,769   17,230 -461
9,243   8,833 410
43   39 4
31,152   34,475 -3,323
1,530   1,542 -12
29,167   34,457 -5,290
24,238   27,770 -3,532
33,336   39,794 -6,458
6,763   7,245 -482
12,970   14,201 -1,231
25,622   25,940 -318
58,371   55,640 2,731
25,261   33,296 -8,035
22,378   22,587 -209
12,554   13,712 -1,158
11,992   12,852 -860
12,366   12,734 -368
12,021   15,646 -3,625
109,791   112,630 -2,839
12,252   13,502 -1,250
5,480   6,867 -1,387
13,613   13,187 426
105,743   101,053 4,690
16,137   14,750 1,387
2,400   2,269 131
26,551   26,767 -216
5,725   7,164 -1,439
21,914   25,953 -4,039
54,486   77,489 -23,003
7,050   7,633 -583
27,308   30,999 -3,691
19,863   21,070 -1,207
31,025   38,760 -7,735
21,843   26,989 -5,146
5,454     5,454
8,180     8,180
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       -98
b       -1
c       -3,964
d       -1
e       -12
      -2,582
      -2,164
      -1
      -2,973
      -1,867
      -4,159
      -2,104
      -2,626
      -3,618
      -1,531
      -2,070
      -175
      -1,878
      -1,753
      -1,412
      -2
      -2,492
      -461
      410
      4
      -3,323
      -12
      -5,290
      -3,532
      -6,458
      -482
      -1,231
      -318
      2,731
      -8,035
      -209
      -1,158
      -860
      -368
      -3,625
      -2,839
      -1,250
      -1,387
      426
      4,690
      1,387
      131
      -216
      -1,439
      -4,039
      -23,003
      -583
      -3,691
      -1,207
      -7,735
      -5,146
      5,454
      8,180
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 -99,376
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 -91,190
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 35,100 714,223 000.049144
2008 44,725 847,517 000.052772
2007 37,850 771,139 000.049083
2006 30,050 46,188 000.650602
2005      
2 Total of line 1, column (d) ...................... 2 000.801601
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. . . 		3 000.200400
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 805,427
5 Multiply line 4 by line 3....................... 5 161,408
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 174
7 Add lines 5 and 6......................... 7 161,582
8 Enter qualifying distributions from Part XII, line 4.............. 8 41,350
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 1 348
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............................ 3 348
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- ..... 5 348
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 348
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Tax Paid Original Return: 348 7 348
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
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)bulletFL
    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 addressbulletNA
    14
    The books are in care ofbulletLEE P McMASTER Telephone no.bullet (904) 825-2110
    Located atbullet215 0CEAN GRANDE DRIVE UNIT 201PONTE VEDRAFL ZIP+4bullet32082
    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
     
     
    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
    LEE P McMASTER Dir, Pres, Treas
    005.00     		0    
    215 S OCEAN GRANDE DRIVE UNIT 201
    PONTE VEDRA,FL32082
    LORETTA W McMASTER Dir, Sec
    004.00     		0    
    215 S OCEAN GRANDE DRIVE UNIT 201
    PONTE VEDRA,FL32082
    CRAIG L McMASTER Dir, VP
    003.00     		0    
    215 S OCEAN GRANDE DRIVE UNIT 201
    PONTE VEDRA,FL32082
    BRIAN W McMASTER Dir, VP
    003.00     		0    
    215 S OCEAN GRANDE DRIVE UNIT 201
    PONTE VEDRA,FL32082
    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
     
    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 NONE 0
    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 NONE  
    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
    817,692
    b
    Average of monthly cash balances.......................
    1b
    0
    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
    817,692
    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
    817,692
    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
    12,265
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    805,427
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    40,271
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    40,271
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    348
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    348
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    39,923
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    39,923
    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
    39,923
    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
    41,350
    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
    41,350
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    41,350
    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 39,923
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007....... 30,978
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 30,978
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 41,350
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 39,923
    e Remaining amount distributed out of corpus 1,427
    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 32,405
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		32,405
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007.... 30,978
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010.... 1,427
    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).)
    NONE
    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.
    NONE
    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:
    LEE W McMASTER
    215 SOUTH OCEAN GRANDE DRIVE UNIT 2
    PONTE VEDRA,FL32082
    (904) 825-2110
    bThe form in which applications should be submitted and information and materials they should include:
    ON ORGANIZATION LETTERHEAD
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    Christ Episcopal Church Serenata
    Serenata Beach Campus
    Ponte Vedra Beach,FL32082     		  501(c)(3) Charitable giving to public charity 5,000
    First Congregational Church
    103 Main Street
    Ridgefield,CT06877     		  501(c)(3) Charitable giving to public charity 20,950
    ALS Association
    27001 Agoura Rd Ste 250
    Calabasas Hills,CA91301     		  501(c)(3) Charitable giving to public charity 500
    Brookfield Ct Lions Charities
    PO Box 660
    Brookfield,CT06804     		  501(c)(3) Charitable giving to public charity 250
    Eric Trump Foundation
    725 Fifth Avenue 25th Fl
    New York,NY10022     		  501(c)(3) Charitable giving to public charity 1,250
    University of Delaware - ChE
    Rees Hall
    Newark,DE19716     		  501(c)(3) Charitable giving to public charity 2,500
    University of Delaware - Athletic F
    PO Box 6003
    Newark,DE19716     		  501(c)(3) Charitable giving to public charity 1,000
    Sean Robert Marsh Ped Heart Foundat
    PO Box 4820
    Stamford,CT06907     		  501(c)(3) Charitable giving to public charity 1,000
    National Psoriasis Foundation
    6600 SW 92nd Ave Ste 300
    Portland,OR97223     		  501(c)(3) Charitable giving to public charity 750
    The MIT Alumni Fund
    77 Massachusetts Avenue
    Cambridge,MA02139     		  501(c)(3) Charitable giving to public charity 2,500
    HDHM for KJFF
    PO Box 5330
    Brookfield,CT06804     		  501(c)(3) Charitable giving to public charity 2,000
    Regional Hospice of Western CT
    405 Main Street
    Danbury,CT06810     		  501(c)(3) Charitable giving to public charity 200
    Mayo Clinic - Good Samaritan
    120 North Broadway
    Rochester,MN55906     		  501(c)(3) Charitable giving to public charity 250
    Housatonic Habitat for Humanity
    51 Sugar Hollow Road
    Danbury,CT06811     		  501(c)(3) Charitable giving to public charity 250
    Ridgfield Volunteer Fire Dept
    6 Catoonah Street
    Ridgefield,CT06877     		  501(c)(3) Charitable giving to public charity 200
    Founders Hall
    193 Danbury Road
    Ridgefield,CT06877     		  501(c)(3) Charitable giving to public charity 100
    St Francis House
    30 Broad Street
    New London,CT06320     		  501(c)(3) Charitable giving to public charity 150
    Friends of GTM Preserve
    450 Guana River Road
    Ponte Verda Beach,FL32082     		  501(c)(3) Charitable giving to public charity 250
    Wolfson Children's Hospital
    800 Prudential Drive
    Jacksonville,FL32207     		  501(c)(3) Charitable giving to public charity 200
    Church World Service
    28606 Phillips St PO Box 968
    Elkhart,IN46515     		  501(c)(3) Charitable giving to public charity 200
    Evelyn C Peeler's Childrens Holiday
    54 Danbury Rd
    Ridgefield,CT06877     		  501(c)(3) Charitable giving to public charity 250
    Meals on Wheels of Ridgefield
    25 Gilbert Street A6
    Ridgefield,CT06877     		  501(c)(3) Charitable giving to public charity 100
    Keeler Tavern Preservation Society
    132 Main Street
    Ridgefield,CT06877     		  501(c)(3) Charitable giving to public charity 100
    Women's Center of Greater Danbury
    2 West Street
    Danbury,CT06810     		  501(c)(3) Charitable giving to public charity 200
    Betty Griffin House
    1375 Arapoho Avenue
    St Augustine,FL32084     		  501(c)(3) Charitable giving to public charity 200
    St Nicholas Byzintine Catholic Chur
    13 Pembroke Road
    Danbury,CT06811     		  501(c)(3) Charitable giving to public charity 1,000
    Total .................................bullet 3a 41,350
    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     14 122  
    4 Dividends and interest from securities....     14 20,842  
    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          
    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)..   20,964  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1320,964
    (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: 348


    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
    THE MCMASTER FAMILY FOUNDATION INC
     
    Employer identification number

    03-0577385
    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
    THE MCMASTER FAMILY FOUNDATION INC
          		Employer identification number

    03-0577385
    Part I
    Contributors (see Instructions)
    		     
    (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.)
    (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
    THE MCMASTER FAMILY FOUNDATION INC
          		Employer identification number

    03-0577385
    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
    THE MCMASTER FAMILY FOUNDATION INC
          		Employer identification number

    03-0577385
    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 AccountingFeesSchedule
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Robert J. Creamer - Tax Prep Fee 700 700    

    TY 2010 GeneralExplanationAttachment
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Identifier Return Reference Explanation

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Name of Stock End of Year Book Value End of Year Fair Market Value
    100 shares of BP PLC ADR 6,659 4,417
    112 shares of BANK OF AMERICA CORP 2,519 1,494
    97 shares of CITIGROUP INC 4,491 459
    117 shares of DIAGEO PLC 5,104 8,697
    950 shares of HANCOCK JOHN PFDEQUITY INCOME FD 18,046 17,746
    ISHARES TR RUSSELL MIDCAP VALUE    
    ISHARES TR RUSSELL MIDCAP GROWTH    
    ISHARES TR RUSSELL 2000 VALUE    
    184 shares of JPMORGAN CHASE CO 5,375 7,805
    90 shares of JOHNSON JOHNSON 3,571 5,567
    47 shares of NOVARIS AG ADR 1,768 2,771
    710 shares of VANGUARD EMERGING MKTS VIPERS 30,084 34,184
    VANGUARD INTL EQUITY - PACIFIC    
    VANGUARD INTL EQUITY - EUROPEAN    
    VANGUARD INDEX MIDCAP    
    VANGUARD INDEX LARGE CAP    
    VANGUARD INDEX GROWTH    
    VANGUARD INDEX VALUE    
    150 shares of WELLS FARGO CO 3,563 4,649
    AMERICAN BEACON LARGE CAP    
    BARON GROWTH    
    FBR FOCUS FUND    
    961 shares of FAIRHOLME FUND 31,893 34,187
    POLARIS GLOBAL VALUE    
    KINETICS SMALL CAP OPPORTUNITIES    
    PERRITT MICROCAP OPPORTUNITIES    
    QUANTITATIVE SMALL CAP ORDINARY    
    ROYCE VALUE FUND    
    THE DELAFIELD FUND    
    WELLS FARGO CAPITAL GROWTH FD    
    LOOMIS SAYLES BOND RETAIL SHARES    
    2725 shares of T ROWE PRICE HIGH YLD BD 18,607 18,475
    TCW TOTAL RETURN BD FD    
    1395 shares of VANGUARD INFLATION PROTECTED SECS 16,673 18,134
    VANGUARD INTERMED TRM INVST    
    2740 shares of FMI PROVIDENT TRUST STRATEGY FD 22,000 23,507
    623 shares of FIDELITY CASH RESERVES   623
    4500 shares of DCT INDL TR INC 49,535 23,895
    400 shares of VENTAS INC 13,079 20,992
    2220 shares of GREENHAVEN CONTINUOUS COMM INDX 59,060 73,149
    3100 shares of ING CLARION GBL R.E. INC FD 21,986 24,025
    1510 shares of INDEXIQ ETF TR IQ HEDGE MULTI STRATEGY 41,050 41,386
    330 shares of ISHARES TR DOW JONES US RE 17,409 18,467
    410 shares of ISHARES TR MSCI EAFE SMALL CAP INDX 15,083 17,306
    385 shares of ISHARES TR MSCI EAFE GROWTH INDX FD 20,509 23,514
    415 shares of SPDR INDX SHS FDS FTSE / MASQUARIE 16,774 17,148
    685 shares of VANGUARD INTL EQUITY INDEX FD FTSE 29,260 32,695
    782 shares of DODGE COX INTL STOCK FUND 25,457 27,922
    374 shares of FIDELITY CONTRAFUND 22,113 25,330
    2700 shares of FORESTER VALUE FUND 32,242 32,644
    799 shares of HOMESTEAD SMALL COMPANY STK FD 15,075 18,203
    1186 shares of JANUS TRITON FD CL T SHARES 16,358 19,479
    772 shares of PERKINS MID CAP VALUE FD CL T 16,123 17,419
    381 shares of NEUBERGER BERMAN GENESIS TRUST 16,465 18,153
    1183 shares of NICHOLAS EQUITY INCOME CL I 16,296 18,187
    2124 shares of MARATHON VALUE PORTFOLIO FUND 31,294 34,575
    3056 shares of DODGE COX INCOME 40,122 40,429
    3351 shares of HARBOR BOND INST 41,657 40,546
    2545 shares of LOOMIS SAYLES GLOBAL BOND RETAIL 41,768 41,894
    1567 shares of RYDEX SGI MANAGED FUTURES STRAT CL H 40,000 40,392

    TY 2010 OtherDecreasesSchedule
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Description Amount
    Realized Capital Losses on Investment Portfolio 115,601


    TY 2010 OtherExpensesSchedule
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 1,636 1,636    
    ANNUAL REPORT EXPENSE 70 70    
    INVESTMENT EXPENSE PER K1 280 280    


    TY 2010 OtherIncreasesSchedule
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Description Amount
    Dividends reinvested 3,506


    TY 2010 TaxesSchedule
    Name:
    THE MCMASTER FAMILY FOUNDATION INC
    EIN: 03-0577385
    Software ID:10000149
    Software Version:2010.2.13
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax on investment income 626 626 0 0
    Foreign Tax on Dividends 243 243 0 0