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
Lebovitz Family Charitable Trust
 

Number and street (or P.O. box number if mail is not delivered to street address)2030 Hamilton Place Blvd Suite 500   Room/suite
City or town, state, and ZIP code
Chattanooga, TN37421
A Employer identification number

62-6247365
B Telephone number (see page 10 of the instructions)

(423) 756-7771
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$11,056,856J 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 15,496 15,496  
4 Dividends and interest from securities...... 280,067 280,067  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,677,615
b Gross sales price for all assets on line 6a 5,918,354
7 Capital gain net income (from Part IV, line 2)... 2,677,615
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........ 2,973,178 2,973,178  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 10,003 0   10,003
c Other professional fees (attach schedule).... Click to see attachment 65,338 47,004   18,334
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,455 8,455   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 83,796 55,459   28,337
25 Contributions, gifts, grants paid........ 426,000 426,000
26 Total expenses and disbursements. Add lines 24 and 25 509,796 55,459   454,337
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,463,382
b Net investment income (if negative, enter -0-) 2,917,719
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............... 193,343    
2 Savings and temporary cash investments.......... 753,104 826,190 826,190
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)........ 7,638,270 Click to see attachment6,328,696 5,828,755
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)........... 297,452 Click to see attachment4,183,393 4,382,734
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,776 Click to see attachment19,177 Click to see attachment19,177
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,885,945 11,357,456 11,056,856
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 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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 2,690,711 2,690,711
29 Retained earnings, accumulated income, endowment, or other funds 6,195,234 8,666,745
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,885,945 11,357,456
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,885,945 11,357,456
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 8,885,945
2 Enter amount from Part I, line 27a...................... 2 2,463,460
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 8,051
4 Add lines 1, 2, and 3.......................... 4 11,357,456
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 11,357,456
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 CVS CAREMARK CORP P   2010-04-30
b GENERAL DYNAMICS CORP P   2010-04-30
c JOHNSON & JOHNSON P   2010-05-05
d ELI LILLY & CO. P   2010-04-30
e PEPSICO, INC. P   2010-05-05
SCHLUMBERGER LTD. P   2010-05-05
DUPONT P   2010-09-16
SPARTAN 500 INDEX P   2010-12-09
I-SHARES P   2010-09-16
SPDR GOLD TR GOLD SHARES P   2010-10-04
AT & T, INC. P   2010-09-16
ABBOTT LABORATORIES P   2010-09-16
BANK OF AMERICA CORP P   2010-09-16
CATERPILLAR, INC. P   2010-09-16
CHEVRON CORP P   2010-09-16
CISCO SYSTEMS, INC. P   2010-09-16
COCA COLA COMPANY P   2010-09-16
CONSOLIDATED EDISON P   2010-09-16
DOMINION RESOURCES P   2010-09-16
DUKE ENERGY P   2010-09-16
ENBRIDGE ENERGY P   2010-09-16
EXXON MOBIL P   2010-09-16
GOVT NATIONAL MTG ASSOCIATION P   2010-09-15
" P   2010-10-15
GENERAL ELECTRIC P   2010-09-16
HEWLETT PACKARD P   2010-09-16
HONEYWELL INTERNATIONAL P   2010-09-16
IBM P   2010-09-16
ISHARES TR MSCI EMERGING MARKETS P   2010-09-16
ISHARES TR MSCI EAFE INDEX FUND P   2010-09-16
JOHNSON & JOHNSON P   2010-09-16
KINDER MORGAN P   2010-09-16
MDU RESOURCES GROUP P   2010-09-16
MEDCO HEALTH SOLUTIONS P   2010-09-16
MICROSOFT CORP P   2010-09-16
NEXTERA ENERGY P   2010-09-16
PEPSICO, INC. P   2010-09-16
PROCTER & GAMBLE P   2010-09-16
SCHLUMBERGER LTD. P   2010-09-16
SIMON PROPERTY GROUP P   2010-09-16
SOUTHERN COMPANY P   2010-09-16
SPECTRA ENERGY CORP P   2010-09-16
TAUBMAN CENTERS P   2010-09-16
THERMO FISHER SCIENTIFIC P   2010-09-16
UNITED TECHNOLOGIES CORP P   2010-09-16
VISA, INC. P   2010-09-16
Capital Gains Dividends P    
(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 74,762   78,876 -4,114
b 77,943   85,366 -7,423
c 38,907   6,309 32,598
d 123,034   63,875 59,159
e 39,059   8,074 30,985
40,272   8,038 32,234
109,195   101,575 7,620
400,000   365,138 34,862
222,451   213,660 8,791
42   39 3
112,952   73,736 39,216
92,844   24,252 68,592
67,636   77,734 -10,098
145,283   98,312 46,971
143,705   71,323 72,382
76,727   82,845 -6,118
115,088   32,048 83,040
57,354   48,668 8,686
132,885   90,998 41,887
63,145   30,014 33,131
169,961   107,094 62,867
201,226   48,675 152,551
5   5 0
18   18 0
97,425   37,150 60,275
99,422   116,875 -17,453
61,352   80,996 -19,644
195,179   36,609 158,570
64,829   75,970 -11,141
161,743   220,604 -58,861
270,548   49,589 220,959
235,677   69,731 165,946
117,526   30,845 86,681
106,274   9,822 96,452
70,684   78,688 -8,004
203,837   61,824 142,013
225,635   45,753 179,882
146,364   24,247 122,117
198,418   45,546 152,872
344,118   93,427 250,691
111,007   25,658 85,349
75,972   68,390 7,582
248,989   53,833 195,156
70,715   78,780 -8,065
69,063   70,830 -1,767
170,983   148,900 22,083
68,100     68,100
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       -4,114
b       -7,423
c       32,598
d       59,159
e       30,985
      32,234
      7,620
      34,862
      8,791
      3
      39,216
      68,592
      -10,098
      46,971
      72,382
      -6,118
      83,040
      8,686
      41,887
      33,131
      62,867
      152,551
      0
      0
      60,275
      -17,453
      -19,644
      158,570
      -11,141
      -58,861
      220,959
      165,946
      86,681
      96,452
      -8,004
      142,013
      179,882
      122,117
      152,872
      250,691
      85,349
      7,582
      195,156
      -8,065
      -1,767
      22,083
      68,100
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 2,677,615
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 299,681 6,432,126 0.046591
2008 548,507 11,076,093 0.049522
2007 618,647 15,614,287 0.039621
2006 496,500 15,226,007 0.032609
2005 475,500 9,636,874 0.049342
2 Total of line 1, column (d) ...................... 2 0.217685
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 0.043537
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 8,705,321
5 Multiply line 4 by line 3....................... 5 379,004
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 29,177
7 Add lines 5 and 6......................... 7 408,181
8 Enter qualifying distributions from Part XII, line 4.............. 8 454,337
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 29,177
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 29,177
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 29,177
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 29,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 189
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 366
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCHARLES B LEBOVITZ Telephone no.bullet (423) 490-8223
    Located atbullet2030 HAMILTON PLACE BLVDCHATTANOOGATN ZIP+4bullet37421
    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
    CHARLES B LEBOVITZ TRUSTEE
    0.00     		0 0 0
    2030 HAMILTON PLACE BLVD
    CHATTANOOGA,TN37421
    FAYE L PETERKEN TRUSTEE
    0.00     		0 0 0
    260 POWERS FERRY ROAD
    MARIETTA,GA30067
    ALAN CATES TRUSTEE
    0.00     		0 0 0
    736 GEORGIA AVENUE SUITE 300
    CHATTANOOGA,TN37402
    STEPHEN LEBOVITZ TRUSTEE
    0.00     		0 0 0
    2030 HAMILTON PLACE BLVD
    CHATTANOOGA,TN37421
    MICHAEL LEBOVITZ TRUSTEE
    0.00     		0 0 0
    2030 HAMILTON PLACE BLVD
    CHATTANOOGA,TN37421
    ALAN LEBOVITZ TRUSTEE
    0.00     		0 0 0
    2030 HAMILTON PLACE BLVD
    CHATTANOOGA,TN37421
    BETH LEBOVITZ BACKER TRUSTEE
    0.00     		0 0 0
    2030 HAMILTON PLACE BLVD
    CHATTANOOGA,TN37421
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NOT APPLICABLE 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 N/A 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    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
    8,631,413
    b
    Average of monthly cash balances.......................
    1b
    206,476
    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
    8,837,889
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    8,837,889
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    132,568
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,705,321
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    435,266
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    435,266
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    29,177
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,177
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    406,089
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    406,089
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    406,089
    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
    454,337
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    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
    454,337
    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
    29,177
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    425,160
    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 7 406,089
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 37,131
    b Total for prior years:20, 20, 20 0
    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......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 454,337
    a Applied to 2009, but not more than line 2a 37,131
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 406,089
    e Remaining amount distributed out of corpus 11,117
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 11,117
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		11,117
    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.... 11,117
    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).)
    CHARLES B LEBOVITZ
    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:
    CHARLES B LEBOVITZ
    2030 HAMILTON PLACE BLVD
    CHATTANOOGA,TN37421
    (423) 855-0001
    bThe form in which applications should be submitted and information and materials they should include:
    A LETTER SHOULD BE SUBMITTED OUTLINING THE NEED FOR FUNDS
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    AMERICAN RED CROSS
    1955 MONROE DRIVE NE
    ATLANTA,GA30324     		    TO SUPPORT PUBLIC CHARITY 250
    B'NAI ZION RABBINICAL FUND
    114 MCBRIEN ROAD
    CHATTANOOGA,TN37411     		    TO SUPPORT RELIGIOUS ORGANIZATION 150,000
    COMBINED JEWISH PHILANTHROPIES
    126 HIGH STREET
    BOSTON,MA02110     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 12,000
    MUST MINISTRIES
    PO BOX 1717
    MARIETTA,GA30061     		    TO SUPPORT RELIGIOUS ORGANIZATION 250
    HABITAT FOR HUMANITY
    519 MEMORIAL DRIVE SE
    ATLANTA,GA30312     		    TO SUPPORT PUBLIC CHARITY 500
    HADASSAH
    923 MCCALLIE AVENUE
    CHATTANOOGA,TN37403     		    TO SUPPORT RELIGIOUS ORGANIZATION 500
    ATLANTA COMMUNITY FOOD BANK
    732 JOSEPH E LOWERY BLVD NW
    ATLANTA,GA30318     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 500
    BIG BROTHERS-BIG SISTERS OF GREATER CHATTANOOGA
    2015 BAILEY AVENUE
    CHATTANOOGA,TN37404     		    TO SUPPORT PUBLIC CHARITY 1,250
    BOYS & GIRLS CLUB OF CHATTANOOGA
    610 LINDSAY ST
    CHATTANOOGA,TN37403     		    TO SUPPORT PUBLIC CHARITY 2,500
    CAMP RAMAH DAROM
    6400 POWERS FERRY ROAD SUITE 215
    ATLANTA,GA30339     		    TO SUPPORT PUBLIC CHARITY 3,000
    COMMUNITY ACTION CENTERS
    1130 HIGHTOWER TRAIL
    ATLANTA,GA30350     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 500
    DAVID ISRAEL MEMORIAL
    610 LINDSAY ST
    CHATTANOOGA,TN37403     		    TO SUPPORT PUBLIC CHARITY 500
    FACING HISTORY AND OURSELVES
    16 HURD ROAD
    BROOKLINE,MA02445     		    TO SUPPORT PUBLIC CHARITY 15,000
    JEWISH COMMUNITY FEDERATION OF GREATER CHATTANOOGA
    PO BOX 8947
    CHATTANOOGA,TN37414     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 150,000
    JEWISH FAMILY & CHILDREN'S SERVICE
    1430 MAIN STREET
    WALTHAM,MA02451     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 50,000
    JEWISH FAMILY & CHILDREN'S SERVICE - ATLANTA
    4549 CHAMBLEE DUNWOODY ROAD
    ATLANTA,GA30338     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 1,000
    JEWISH FEDERATION OF GREATER ATLANTA
    1440 SPRING STREET NW
    ATLANTA,GA30309     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 1,000
    LOWCOUNTRY FOOD BANK
    1635 COSGROVE AVENUE
    CHARLESTON,SC29405     		    TO PROVIDE FINANCIAL & SOCIAL SERVICES 500
    OR ATID SYNAGOGUE
    97 CONCORD ROAD
    WAYLAND,MA01778     		    TO SUPPORT RELIGIOUS ORGANIZATION 21,500
    PMC JIMMY FUND
    10 BROOKLINE PLACE WEST
    BROOKLINE,MA02445     		    TO SUPPORT PUBLIC CHARITY 2,500
    THE ANTI-DEFAMATION LEAGUE
    5461 NORTH TERRACE ROAD
    CHATTANOOGA,TN37411     		    EDUCATIONAL & CULTURAL 1,250
    US HOLOCAUST MEMORIAL MUSEUM
    2200 NW CORPORATE BLVD SUITE 305
    BOCA RATON,FL33431     		    EDUCATIONAL & CULTURAL 5,000
    UNITED WAY
    630 MARKET STREET
    CHATTANOOGA,TN37402     		    TO SUPPORT PUBLIC CHARITY 4,000
    SOLOMON SCHECTER DAY SCHOOL OF GREATER BOSTON
    125 WELLS AVENUE
    NEWTON,MA02459     		    EDUCATIONAL & CULTURAL 2,500
    Total .................................bullet 3a 426,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    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 15,496  
    4 Dividends and interest from securities....     14 280,067  
    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     14 68,100 2,609,515
    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).. 0 363,663 2,609,515
    13Total. Add line 12, columns (b), (d), and (e)...................
    132,973,178
    (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.)
    3 TO SUPPORT CHARITABLE ORGANIZATIONS
    4 "
    8 "
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 10,003 0   10,003

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATIES 0 0
    BANK OF AMERICA 0 0
    AT & T 0 0
    COCA COLA 0 0
    DOMINION RESOURCES 0 0
    DUKE ENERGY 0 0
    EXXON MOBIL 0 0
    CHEVRON 0 0
    FPL GROUP 0 0
    GENERAL ELECTRIC 0 0
    IBM 0 0
    JOHNSON & JOHNSON 0 0
    ELI LILLY 0 0
    MDU RESOURCES 0 0
    PEPSICO 0 0
    PROCTOR & GAMBLE 0 0
    KINDER MORGAN 0 0
    SCHLUMGERGER 0 0
    SIMON PROPERTY GROUP 36,045 323,179
    SOUTHERN CO 0 0
    TAUBMAN CENTERS 26,967 259,150
    MEDCO HEALTH SOLUTIONS 0 0
    MICROSOFT 0 0
    ENBRIDGE ENERGY 0 0
    CON. EDISON 0 0
    CATERPILLAR 0 0
    CBL & ASSOCIATES 5,415,452 4,341,488
    SPECTRA ENERGY 0 0
    CISCO SYSTEMS 0 0
    GENERAL DYNAMICS 0 0
    HEWLETT PACKARD 0 0
    HONEYWELL INTERNATIONAL 0 0
    UNITED TECHNOLOGIES 0 0
    CVS CAREMARK 0 0
    THERMO FISHER SCIENTIFIC 0 0
    VISA 0 0
    EATON VANCE TAX MGED 305,413 291,030
    ISHARES TR RUSSELL 2000 VALUE 50,190 59,716
    POWERSHARES DB MULTI SECTOR COMMODITY TR 149,345 167,573
    SPDR GOLD TR GOLD SHS 72,438 77,961
    SECTOR SPDR TR SHS 141,085 162,776
    VANGUARD EMERGING MARKETS 131,761 145,882

    TY 2010 InvestmentsOtherSchedule2
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GNMA POOL #105329 AT COST 109 47
    GNMA POOL #0264701 AT COST 742 585
    ISHARES MSCI EAFE INDEX AT COST 0 0
    ISHARES MSCI EMERGING MKTS INDEX AT COST 0 0
    FIDELITY ADVISOR SMALL CAP CL I AT COST 51,649 57,374
    SPARTAN 500 INDEX FUND AT COST 997,635 1,108,552
    FIDELITY LOW PRICED STOCK AT COST 200,535 228,488
    DODGE & COX INTL STOCK FUND AT COST 202,973 217,461
    EV PARAMETRIC TAX MGD AT COST 165,468 172,329
    EATON VANCE FLOATING RATE AT COST 428,121 436,200
    IVA INTL FUND AT COST 144,286 150,030
    LOOMIS SAYLES INV GRADE BOND AT COST 80,646 79,154
    MATTHEWS PACIFIC TIGER FUND AT COST 40,000 40,501
    METROPOLITAN WEST HIGH YIELD AT COST 381,065 384,762
    NEUBERGER BERMAN AT COST 515,993 543,860
    PIMCO TOTAL RETURN INSTL AT COST 50,000 50,196
    PIMCO TOTAL RETURN CLASS D AT COST 210,695 199,684
    PIMCO FOREIGN BOND FUND AT COST 37,601 36,990
    PIMCO DEVELOPING LOCAL MKTS AT COST 75,187 76,878
    PRINCIPAL PFD SECURITIES AT COST 408,623 403,260
    THE OSTERWEIS STRATEGIC INCOME AT COST 50,000 48,748
    T. ROWE PRICE INTL DISCOVERY AT COST 76,109 82,294
    VANGUARD INFLATION PROT SECS AT COST 65,956 65,341

    TY 2010 OtherAssetsSchedule
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST DUE FROM FSG BANK - CD 3,776 8,327 8,327
    INTEREST DUE FROM FIRST TN BANK - CD   6,650 6,650
    INTEREST DUE FROM FIRST VOLUNTEER BANK - CD   4,200 4,200


    TY 2010 OtherIncreasesSchedule
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Description Amount
    NON-TAXABLE DISTRIBUTIONS 8,051


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY SERVICES 36,107 36,107   0
    CONSULTING 18,334 0   18,334
    OTHER 10,897 10,897   0


    TY 2010 TaxesSchedule
    Name:
    Lebovitz Family Charitable Trust
    EIN: 62-6247365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 8,455 8,455   0