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
THE ETHEL AND W GEORGE KENNEDY
FAMILY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)1550 MADRUGA AVENUE SUITE 225   Room/suite
City or town, state, and ZIP code
CORAL GABLES, FL33146
A Employer identification number

59-6204880
B Telephone number (see page 10 of the instructions)

(305) 666-6226
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$26,157,391J 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...... 577,595 577,595  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 389,972
b Gross sales price for all assets on line 6a 5,755,773
7 Capital gain net income (from Part IV, line 2)... 389,972
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,387 1,387  
12 Total. Add lines 1 through 11........ 968,954 968,954  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 130,500 65,250   65,250
14 Other employee salaries and wages...... 52,500 26,250   26,250
15 Pension plans, employee benefits....... 9,804 4,902   4,902
16a Legal fees (attach schedule)......... Click to see attachment 39,760 19,880   19,880
b Accounting fees (attach schedule)....... Click to see attachment 11,106 11,106    
c Other professional fees (attach schedule).... Click to see attachment 97,938 97,938    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,241 557   556
19 Depreciation (attach schedule) and depletion... Click to see attachment 561    
20 Occupancy.............. 20,037 10,019   10,018
21 Travel, conferences, and meetings....... 30,867 6,173   24,694
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 19,335 14,073   5,262
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 420,649 256,148   156,812
25 Contributions, gifts, grants paid........ 877,275 877,275
26 Total expenses and disbursements. Add lines 24 and 25 1,297,924 256,148   1,034,087
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -328,970
b Net investment income (if negative, enter -0-) 712,806
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............... 231,565 11,229 11,229
2 Savings and temporary cash investments..........      
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........... 9,919 2,791 2,791
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 24,254,873 Click to see attachment26,140,021 26,140,021
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 bullet23,461
Less: accumulated depreciation (attach schedule) bullet21,761 2,260 Click to see attachment1,700 1,700
15 Other assets (describe bullet) Click to see attachment1,650 Click to see attachment1,650 Click to see attachment1,650
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,500,267 26,157,391 26,157,391
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.................... 24,500,267 26,157,391
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 24,500,267 26,157,391
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 24,500,267 26,157,391
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 24,500,267
2 Enter amount from Part I, line 27a...................... 2 -328,970
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,986,094
4 Add lines 1, 2, and 3.......................... 4 26,157,391
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 26,157,391
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 SEE ATTACHED - CHARLES SCHWAB P 2010-01-01 2010-12-31
b SEE ATTACHED - CHARLES SCHWAB-3122 P 2010-01-01 2010-12-31
c SEE ATTACHED - CHARLES SCHWAB-1466 P 2010-01-01 2010-12-31
d SEE ATTACHED - CHARLES SCHWAB P 2009-01-01 2010-12-31
e SEE ATTACHED - CHARLES SCHWAB-3122 P 2009-01-01 2010-12-31
SEE ATTACHED - CHARLES SCHWAB-1466 P 2009-01-01 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 753,606   708,453 45,153
b 369,067   327,625 41,442
c 117,923   111,329 6,594
d 3,158,821   3,027,444 131,377
e 265,386   247,625 17,761
974,626   943,325 31,301
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       45,153
b       41,442
c       6,594
d       131,377
e       17,761
      31,301
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 2 389,972
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 93,189
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 926,814 22,063,555 0.042007
2008 997,676 23,810,494 0.041901
2007 1,051,486 29,398,605 0.035767
2006 1,016,768 27,559,468 0.036894
2005 1,003,032 25,208,249 0.039790
2 Total of line 1, column (d) ...................... 2 0.196359
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 0.039272
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 24,959,751
5 Multiply line 4 by line 3....................... 5 980,219
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,128
7 Add lines 5 and 6......................... 7 987,347
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,034,087
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 7,128
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 7,128
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 7,128
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 9,919
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,919
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,791
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet2,791 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 addressbulletWWW.KENNEDYFAMILYFDN.ORG
    14
    The books are in care ofbulletKATHLEEN K OLSEN Telephone no.bullet (305) 666-6226
    Located atbullet1550 MADRUGA AVENUE 225CORAL GABLESFL ZIP+4bullet33146
    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
     
     
    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
     
     
    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
    FORREST I MULCAHEYClick to see attachment DIRECTOR
    2.00     		2,000 0 0
    471 51ST STREET APT 2
    BROOKLYN,NY11220
    GUY RIZZOClick to see attachment DIRECTOR
    2.00     		4,000 0 0
    123 WISTERIA
    LONGWOOD,FL32779
    KARYN K HERTERICHClick to see attachment PRESIDENT
    15.00     		19,000 0 0
    P O BOX 689
    BLOWING ROCK,NC28605
    KATHLEEN KENNEDY-OLSENClick to see attachment DIR & SEC/TR
    25.00     		84,000 0 0
    6619 SOUTH DIXIE HIGHWAY 383
    MIAMI,FL33143
    KENDEL H KENNEDYClick to see attachment DIR & V.P.
    2.00     		9,000 0 0
    400 HAWSER LANE
    NAPLES,FL34102
    KIMBERLY B KENNEDYClick to see attachment DIR & V.P.
    2.00     		7,000 0 0
    349 BURGOYNE ROAD
    SARATOGA,NY12866
    MARTIN J NASHClick to see attachment DIRECTOR
    2.00     		4,000 0 0
    2525 PONCE DE LEON BLVD 400
    MIAMI,FL33134
    MORGAN HERTERICHClick to see attachment DIRECTOR
    2.00     		1,500 0 0
    620 WINDERMERE BLVD UNIT D
    CHARLESTON,SC29407
    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
    AMANDA L JACKSON-WILLYClick to see attachment SENIOR ADM
    40.00     		52,500    
    9925 SW 84 STREET
    MIAMI,FL33173
    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
    CHARLES SCHWAB & CO INC INVESTMENT SERV 97,938
    101 MONTGOMERY STREET
    SAN FRANCISCO,CA94104
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    25,197,447
    b
    Average of monthly cash balances.......................
    1b
    136,047
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    6,355
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,339,849
    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
    25,339,849
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    380,098
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,959,751
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,247,988
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,247,988
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    7,128
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,128
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,240,860
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    1,240,860
    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
    1,240,860
    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
    1,034,087
    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
    1,034,087
    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
    7,128
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,026,959
    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 1,240,860
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 757,843
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,034,087
    a Applied to 2009, but not more than line 2a 757,843
    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..... 276,244
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		964,616
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    KENNEDY FAMILY FOUNDATION
    1550 MADRUGA AVE STE 225
    MIAMI   33146
    UV
    (305) 666-6226
    bThe form in which applications should be submitted and information and materials they should include:
    FOR MORE INFORMATION VISIT WWW.KENNEDYFAMILYFDN.ORG CRITERIA, GUIDELINES AND APPLICATION PROCEDURAL DETAILS CAN BE PROVIDED UPON RECEIPT OF A LETTER OF INTRODUCTION.
    cAny submission deadlines:
    FOR MORE INFORMATION VISIT WWW.KENNEDYFAMILYFDN.ORG CRITERIA, GUIDELINES AND APPLICATION PROCEDURAL
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR MORE INFORMATION VISIT WWW.KENNEDYFAMILYFDN.ORG CRITERIA, GUIDELINES AND APPLICATION PROCEDURAL DETAILS CAN BE PROVIDED UPON RECEIPT OF A LETTER OF INTRODUCTION.
    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
    ELECTRONIC FRONTIER FOUND
    454 SHOTWELL STREET
    SAN FRANCISCO,CA94110     		NONE 501(C)(3) PU GENERAL OPERATING 2,300
    KENNEDY CENTER HONORS
    2700 F STREET NW
    WASHINGTON,DC20066     		NONE 501(C)(3) PU CONTRIBUTION TO KENNEDY CENTER HONOR 14,000
    NATIONAL SYMPHONY ORCHEST
    2700 F STREET NW
    WASHINGTON,DC20066     		NONE 501(C)(3) PU CONTRIBUTION IN SUPPORT OF THE ARTS 17,000
    AMERICAN RED CROSS
    335 SW 27TH AVE
    MIAMI,FL33135     		NONE 501(C)(3) PU GENERAL OPERATING, TRAINING SEMINAR, 5,000
    ANN STORCK CENTER
    1790 SW 43RD WAY
    FORT LAUDERDALE,FL33317     		NONE 501(C)(3) PU GENERAL OPERATING 1,000
    BEST BUDDIES OF FLORIDA
    100 SE 2ND STREET SUITE
    MIAMI,FL33131     		NONE 501(C)(3) PU MS & HS FRIENDSHIP PROGRAM 10,000
    CAMILLUS HOUSE
    PO BOX 012408
    MIAMI,FL33131     		NONE 501(C)(3) PU ESHE PROGRAM FOR HOMELESS WOMEN 25,000
    CAMP BOGGY CREEK
    30500 BRANTLEY BRANCK ROA
    EUSTIS,FL32736     		NONE 501(C)(3) PU THERAPEUTIC SUMMER CAMPS 10,000
    COCONUT GROVE CARES
    3870 WASHINGTON AVENUE
    COCONUT GROVE,FL33133     		NONE 501(C)(3) PU THE BARNYARD PROGRAMS 12,000
    COLLEGE SUMMIT
    6101 BLUE LAGOON DRIVE S
    MIAMI,FL33126     		NONE 501(C)(3) PU ALUMNI AMBASSADOR PROGRAM & PEER L'S 20,000
    COMMUNITY SMILES
    750 NW 20TH STREET
    MIAMI,FL33127     		NONE 501(C)(3) PU IMPROVING SMILES PROJECT 25,000
    COMMUNITY WORKS COALITION
    10664 SW 186TH STREET
    MIAMI,FL33157     		NONE 501(C)(3) PU FINANCIAL EDUCATION 1,500
    DADE COMMUNITY FOUNDATION
    200 SOUTH BISCAYNE BOULEV
    MIAMI,FL33133     		NONE 501(C)(3) PU GIRLS COALITION OF MIAMI-DADE 7,400
    DONORS FORUM OF SOUTHEAST
    200 S BISCAYNE BLVD SU
    MIAMI,FL33131     		NONE 501(C)(3) PU GENERAL OPERATING 1,000
    DRANOFF INTERNATIONAL TWO
    3550 BISCAYNE BLVD SUIT
    MIAMI,FL33137     		NONE 501(C)(3) PU GENERAL OPERATING 5,000
    EMBRACE GIRLS FOUNDATION
    18520 NW 67TH AVE SUITE
    MIAMI LAKES,FL33015     		NONE 501(C)(3) PU GENERAL PROGRAM SUPPORT 25,000
    GREATER MIAMI JEWISH FEDE
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		NONE 501(C)(3) PU SUPPORT FOR COMMUNITY 5,500
    HAITIAN NEIGHBORHOOD CENT
    5000 BISCAYNE BLVD SUIT
    MIAMI,FL33137     		NONE 501(C)(3) PU FOOD VOUCHER PROGRAM 25,000
    HARRY CHAPIN FOOD BANK
    2126 ALICIA STREET
    FT MYERS,FL33901     		NONE 501(C)(3) PU SUPPORT FOR COMMUNITY FOOD PROGRAM 15,000
    HEARING & SPEECH CENTER O
    9425 SW 72ND STREET SUIT
    MIAMI,FL33173     		NONE 501(C)(3) PU RECOGNITION & RESPONSE INTERVENTION 20,000
    HOPE FOR HAITI
    1042 6TH AVENUE
    NAPLES,FL34102     		NONE 501(C)(3) PU GENERAL OPERATING 1,000
    HOUSE OF HOPE
    2036 36TH STREET
    ORLANDO,FL32839     		NONE 501(C)(3) PU SUPPORT FOR YOUTH REHABILITATION AND 12,500
    HUMANE SOCIETY OF MIAMI
    16101 WEST DIXIE HIGHWAY
    MIAMI,FL33160     		NONE 501(C)(3) PU ANIMAL CARE 2,000
    KRISTI HOUSE
    1265 NW 12TH AVENUE
    MIAMI,FL33136     		NONE 501(C)(3) PU GENERAL OPERATING 300
    LEHRMAN COMMUNITY DAY SCH
    727 NE 7TH ST
    MIAMI,FL33141     		NONE 501(C)(3) PU SUPPORT FOR EDUCATION 1,000
    LIGONIER MINISTRIES
    400 TECHNOLOGY PARK DRIVE
    LAKE MARY,FL32746     		NONE 501(C)(3) PU GENERAL OPERATING 15,000
    MIAMI LIGHT PROJECT
    PO BOX 1048
    MIAMI,FL33137     		NONE 501(C)(3) PU YOUTH OUTREACH PROGRAM 10,000
    MIAMI MUSEUM OF SCIENCE
    3280 SOUTH MIAMI AVENUE
    MIAMI,FL33129     		NONE 501(C)(3) PU ENGINEERING CHALLENGE FOR GIRLS 29,775
    MIAMI MUSIC PROJECT
    1300 BISCAYNE BLVD
    MIAMI,FL33132     		NONE 501(C)(3) PU EXPAND PROGRAMS 10,000
    MUSEUM OF CONTEMPORARY AR
    770 NE 125TH ST
    NORTH MIAMI,FL33161     		NONE 501(C)(3) PU SUPPORT FOR ART EDUCATIONAL PROGRAMS 43,500
    NAPLES BOTANICAL GARDEN
    4820 BAYSHORE DRIVE
    NAPLES,FL34112     		NONE 501(C)(3) PU EDUCATION & OUTREACH PROGRAMS 40,000
    NFTEKIDVENTURES
    5901 SW 72ND STREET SUIT
    MIAMI,FL33143     		NONE 501(C)(3) PU TEACHER ENTREPRENEURSHIP PROFESSIONA 15,000
    RUSSELL LIFE SKILLS AND
    9112 WEST STATE ROAD 84
    DAVIE,FL33324     		NONE 501(C)(3) PU NORTH MIAMI-DADE CENTER 10,000
    SANDY B MULLER BREAST CA
    PO BOX 565371
    MIAMI,FL33256     		NONE 501(C)(3) PU GENERAL OPERATING 10,000
    SOUTH FLORIDA AUTISTIC CH
    7400 W 24TH STREET 2ND
    HIALEAH,FL33016     		NONE 501(C)(3) PU SPORTS THERAPY PROGRAM 10,000
    SOUTH MIAMI ALLIANCE FOR
    5800 SW 66TH STREET
    SOUTH MIAMI,FL33143     		NONE 501(C)(3) PU READING ENRICHMENT PROGRAM 10,000
    ST ANDREWS CHAPEL
    514 WALDEN VIEW DRIVE
    SANFORD,FL32771     		NONE 501(C)(3) PU CAPITAL CAMPAIGN. 15,000
    ST THOMAS EPISCOPAL PARI
    5690 NORTH KENDALL DRIVE
    CORAL GABLES,FL33156     		NONE 501(C)(3) PU CONCERT SERIES OUTREACH PROGRAMS TO 5,000
    STOP HUNGER
    PO BOX 611235
    NORTH MIAMI,FL33261     		NONE 501(C)(3) PU MONTHLY FOOD PROGRAM 15,000
    STRONG WOMEN STRONG GIRL
    5201 BLUE LAGOON DRIVE S
    MIAMI,FL33126     		NONE 501(C)(3) PU EXPAND GIRLS MENTORING PROGRAM 10,000
    SUMMERBRIDGEBREAKTHROUGH
    3575 MAIN HIGHWAY
    COCONUT GROVE,FL33133     		NONE 501(C)(3) PU ALL GIRLS PROGRAM 15,000
    TEMPLE EMANU-EL
    1701 WASHINGTON AVE
    MIAMI BEACH,FL33139     		NONE 501(C)(3) PU COMMUNITY CONTRIBUTION - RELIGION 25,000
    THE BUONICONTI FUND
    1095 NW 14TH TERRACE
    MIAMI,FL33136     		NONE 501(C)(3) PU FUND TO CURE PARALYSIS 5,000
    THOMAS ARMOUR YOUTH BALLE
    5818 SW 73RD STREET
    MIAMI,FL33143     		NONE 501(C)(3) PU SUPPORT OF BALLET TRAINING FOR UNDER 20,000
    TRUE LIFE CHOICE
    4314 EDGEWATER DRIVE
    ORLANDO,FL32804     		NONE 501(C)(3) PU GENERAL OPERATING 2,500
    UNIVERSITY OF MIAMI SCHOO
    1311 MILLER DRIVE
    CORAL GABLES,FL33146     		NONE 501(C)(3) PU SUPPORT FOR EDUCATION AND RESEARCH 3,000
    UNIVERSITY OF MIAMI DEPA
    PO BOX 016820 D820
    MIAMI,FL33101     		NONE 501(C)(3) PU PEDIATRIC MOBILE CLINIC 25,000
    VOICES FOR CHILDREN FOUND
    1500 NW 12TH AVENUE SUIT
    MIAMI,FL33136     		NONE 501(C)(3) PU CHILDREN'S NEEDS PROGRAM 15,000
    WOMEN'S FUND OF MIAMI-DAD
    1550 MADRUGA AVE SUITE 33
    MIAMI,FL33146     		NONE 501(C)(3) PU PROGRAMMING AND TRAINING 16,200
    YOUNG LIFE OF CENTRAL FLO
    18115 SE 95TH ST RD
    OCKDAWAHA,FL32179     		NONE 501(C)(3) PU YOUNG LIFE METRO FLORIDA URBAN HISPA 5,000
    YOUNG PATRONESSES OF THE
    PO BOX 347616
    CORAL GABLES,FL33234     		NONE 501(C)(3) PU GENERAL OPERATING 2,000
    SOLIDAGO FOUNDATION
    150 MAIN STREET FLOOR 3
    NORTHHAMPTON,MA01060     		NONE 501(C)(3) PU CRIMINAL JUSTICE INITIATIVE 8,000
    AFGHAN WOMEN'S FUND
    978 YACHTSMAN WAY
    ANNAPOLIS,MD21403     		NONE 501(C)(3) PU AFGHAN WELL PROJECT 2,500
    UNIVERSITY OF MISSISSIPPI
    406 UNIVERSITY AVENUE
    OXFORD,MS38655     		NONE 501(C)(3) PU MEMORIAL SCHOLARSHIPS - EDUCATION 14,000
    APPALACHIAN STATE UNIVER
    ASU BOX 32014
    BOONE,NC28608     		NONE 501(C)(3) PU SCHOLARSHIPS 5,000
    APPALACHIAN WOMEN'S FUND
    PO BOX 1838
    BOONE,NC28607     		NONE 501(C)(3) PU GENERAL OPERATING, TRAINING 13,950
    DISABLED AMERICAN VETERAN
    PO BOX 2914
    BOONE,NC28607     		NONE 501(C)(3) PU TRANSPORTATION 2,000
    FRIENDS OF THE ANIMALS
    417 KIRKSEY DRIVE
    MORGANTON,NC28655     		NONE 501(C)(3) PU ANIMAL CARE 7,000
    HAYES PERFORMING ARTS CEN
    PO BOX 1009
    BLOWING ROCK,NC28605     		NONE 501(C)(3) PU GENERAL PROGRAM SUPPORT 20,950
    HOSPITALITY HOUSE OF BOON
    302 WEST KING STREET
    BOONE,NC28607     		NONE 501(C)(3) PU PROGRAMS FOR THE HOMELESS 20,000
    HUNGER AND HEALTH COALITI
    141 HEALTH CENTER DRIVE
    BOONE,NC28607     		NONE 501(C)(3) PU FOOD PROGRAM 5,000
    OASIS
    PO BOX 1591
    BOONE,NC28607     		NONE 501(C)(3) PU DOMESTIC VIOLENCE AND SEXUAL ASSAULT 10,000
    SYMPHONY AT CHETOLA
    PO BOX 2445
    BLOWING ROCK,NC28605     		NONE 501(C)(3) PU ARTS PROGRAMMING 2,700
    THE CHRIST SCHOOL
    500 CHRIST SCHOOL ROAD
    ARDEN,NC28704     		NONE 501(C)(3) PU ART; SCHOLARSHIPS; GENERAL SUPPORT 17,000
    EARTH BIRTH
    40 HILLCREST DRIVE
    GREAT MEADOWS,NJ07838     		NONE 501(C)(3) PU GENERAL OPERATING 1,000
    WFMU
    PO BOX 2011
    JERSEY CITY,NJ07303     		NONE 501(C)(3) PU GENERAL PROGRAMMING 1,200
    THE CENTER FOR FAMILY LIF
    345 43RD STREET
    BROOKLYN,NY11232     		NONE 501(C)(3) PU GENERAL OPERATING & FOOD PANTRY 500
    COMMUNITY HOSPICE FOUNDA
    295 VALLEY VIEW BLVD
    RENSSELAER,NY12144     		NONE 501(C)(3) PU SARATOGA COUNTY HOSPICE 10,000
    EMMAUS UNITED METHODIST C
    715 MORRIS STREET
    ALBANY,NY12208     		NONE 501(C)(3) PU AFTERSCHOOL PROGRAM 10,000
    FRANKLIN COMMUNITY CENTER
    10 FRANKLIN STREET
    SARATOGA SPRINGS,NY12866     		NONE 501(C)(3) PU PROJECT LIFT 10,000
    GROUNDSWELL
    339 DOUGLASS STREET
    BROOKLYN,NY11217     		NONE 501(C)(3) PU GENERAL PROGRAMMING 1,000
    HOMES FOR ORPHANED PETS E
    PO BOX 2497
    WILTON,NY12831     		NONE 501(C)(3) PU ANIMAL CARE 15,500
    MS FOUNDATION FOR WOMEN
    12 METROTECH CENTER 26TH
    BROOKLYN,NY11201     		NONE 501(C)(3) PU GENERAL DONATION 5,000
    SC RURAL PRESERVATION COM
    36 CHURCH AVENUE
    BALLSTON SPA,NY12020     		NONE 501(C)(3) PU VETERAN HOUSING 10,000
    SENIOR CITIZENS CENTER OF
    5 WILLIAMS STREET
    SARATOGA SPRINGS,NY12866     		NONE 501(C)(3) PU SENIORS' ART PROGRAM 5,000
    SHELTERS OF SARATOGA
    14 WALWORTH STREET
    SARATOGA SPRINGS,NY12866     		NONE 501(C)(3) PU AFFORDABLE HOUSING PROJECT FOR LOW-I 10,000
    SOLDIER'S HEARTIHC
    500 FEDERAL STREET SUITE
    TROY,NY12180     		NONE 501(C)(3) PU RETURNING VETERANS SUPPORT PROGRAMS 10,000
    UPROSE
    166A 22ND STREET
    BROOKLYN,NY11232     		NONE 501(C)(3) PU GNERAL PROGRAMS 1,000
    WATERVLIET UNITED METHODI
    1401 FIRST AVENUE
    WATERVLIET,NY12189     		NONE 501(C)(3) PU FOOD PANTRY; GENERAL SUPPORT 10,000
    CAMP HAPPY DAYS
    1622 ASHELY HALL ROAD
    CHARLESTON,SC29407     		NONE 501(C)(3) PU CANCER CAMP 3,000
    ASSOCIATION OF SMALL FOUN
    PO BOX 247
    WINOOSKI,VT05404     		NONE 501(C)(3) PU GENERAL OPERATING 500
    Total .................................bullet 3a 877,275
    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....     14 577,595  
    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.....     15 1,387  
    8Gain or (loss) from sales of assets other than inventory     14 389,972  
    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)..   968,954  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13968,954
    (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
    PROPERTIES INC 501(C)(2) HOLDS TITLE OF PROPERTY
    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:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,106 11,106    

    TY 2010 CompensationExplanation
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Person Name Explanation
    FORREST I MULCAHEY  
    GUY RIZZO  
    KARYN K HERTERICH  
    KATHLEEN KENNEDY-OLSEN  
    KENDEL H KENNEDY  
    KIMBERLY B KENNEDY  
    MARTIN J NASH  
    MORGAN HERTERICH  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ANSWERING MACHINE 1992-11-04 255 255 S/L 5.0000        
    COMPUTER 1990-11-06 799 799 S/L 5.0000        
    COMPUTER 1991-01-03 1,739 1,739 S/L 5.0000        
    FAX MACHINE 1991-02-08 582 582 S/L 5.0000        
    OFFICE EQUIPMENT 1994-03-08 433 433 S/L 5.0000        
    OFFICE EQUIPMENT 1994-03-14 110 110 S/L 5.0000        
    COPIER 1996-05-22 800 800 S/L 5.0000        
    OFFICE EQUIPMENT 1996-06-07 249 249 S/L 5.0000        
    OFFICE EQUIPMENT 1996-10-22 1,295 1,295 S/L 5.0000        
    PRINTER 1997-03-10 522 522 S/L 5.0000        
    COMPUTER 1998-06-30 2,905 2,905 S/L 5.0000        
    FURNITURE 2000-07-13 1,940 1,940 S/L 5.0000        
    FURNITURE 2000-09-19 2,062 2,062 S/L 5.0000        
    FURNITURE 2000-11-02 277 277 S/L 5.0000        
    FURNITURE 2000-12-05 277 277 S/L 5.0000        
    COMPUTER TIGER 2001-07-02 559 559 S/L 5.0000        
    COMPUTER SOFTWARE 2002-05-09 1,022 1,022 S/L 3.0000        
    IMPROVEMENTS 1999-01-01 1,470 404 S/L 40.0000 37      
    OFFICE FURNITURE 2002-07-24 870 870 S/L 7.0000        
    OFFICE FURNITURE 2002-10-15 984 984 S/L 7.0000        
    CONFERENCE TABLE, CREDENZA JC WH 2001-05-17 1,658 1,423 S/L 10.0000 166      
    COMPUTER EQUIPMENT 2006-10-19 879 557 S/L 5.0000 176      
    COMPUTER SOFTWARE 2006-09-21 864 864 S/L 3.0000        
    BACK-UP SYSTEM PC SO 2008-06-24 910 273 S/L 5.0000 182      

    TY 2010 EmployeeCompensationExpln
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Employee Explanation
    AMANDA L JACKSON-WILLY  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORP STOCK & MONEY MARKET FUNDS 26,140,021 26,140,021

    TY 2010 LandEtcSchedule2
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      23,461 21,761 1,700 1,700


    TY 2010 LegalFeesSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 39,760      


    TY 2010 OtherAssetsSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 1,650 1,650 1,650


    TY 2010 OtherExpensesSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK CHARGE 321 321    
    DUES & SUBSCRIPTIONS 4,500 3,600   900
    INSURANCE 2,385 1,908   477
    INTERNET/TELEPHONE SERVICE 3,879 3,103   776
    OFFICE EXPENSE & SUPPLIES 3,385 2,708   677
    REPAIRS & MAINTENANCE 1,819 910   909
    POSTAGE 842 421   421
    PAYROLL SERVICE FEE 2,204 1,102   1,102


    TY 2010 OtherIncomeSchedule2
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES-CITATION OIL & GAS 1,387 1,387  


    TY 2010 OtherIncreasesSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Description Amount
    UNREALIZED GAIN ON FAIR MARKET VALUE OF SECURITIE 1,986,094


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 97,938 97,938    


    TY 2010 TaxesSchedule
    Name:
    THE ETHEL AND W GEORGE KENNEDY
    FAMILY FOUNDATION INC
    EIN: 59-6204880
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX - 2010 7,128      
    LICENSES & FEES 190 95   95
    TAXES OTHERS 923 462   461