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 06-01-2010 , and ending 05-31-2011
G
Check all that apply:
Name of foundation
THE GREENSPAN FOUNDATION
C/O JILL G SCHIFFMAN

Number and street (or P.O. box number if mail is not delivered to street address)24 RIP ROAD   Room/suite
City or town, state, and ZIP code
HANOVER, NH03755
A Employer identification number

02-6008379
B Telephone number (see page 10 of the instructions)

(603) 643-3662
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$2,547,431J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 57,816 57,816  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 57,431
b Gross sales price for all assets on line 6a 625,411
7 Capital gain net income (from Part IV, line 2)... 57,431
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........ 115,247 115,247  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,000 3,333   6,667
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 3,500 1,750 0 1,750
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 949 949    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,496 15,712   1,709
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,945 21,744 0 10,126
25 Contributions, gifts, grants paid........ 108,200 108,200
26 Total expenses and disbursements. Add lines 24 and 25 140,145 21,744 0 118,326
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -24,898
b Net investment income (if negative, enter -0-) 93,503
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 2,667 6,755 6,755
2 Savings and temporary cash investments.......... 8,124 4,963 4,963
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) 76,625 Click to see attachment75,553 79,846
b Investments—corporate stock (attach schedule)........ 1,993,191 Click to see attachment1,928,692 2,299,518
c Investments—corporate bonds (attach schedule)........ 110,000 Click to see attachment149,746 156,349
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,190,607 2,165,709 2,547,431
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,190,607 2,165,709
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,190,607 2,165,709
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,190,607 2,165,709
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,190,607
2 Enter amount from Part I, line 27a...................... 2 -24,898
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,165,709
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 2,165,709
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 105 SHS M & T BANK CORP. P 2010-01-08 2010-06-23
b 410 SHS ARCH COAL INC. P 2009-12-28 2010-07-14
c 3000 SHS VANGUARD ADMIRAL GNMA FD #536 P 2010-03-29 2010-07-22
d 1915 SHS ADVANCED MICRO DEVICES INC P 2009-09-15 2010-08-11
e 50 SHS BEST BUY CO INC P 2009-11-19 2010-08-11
3265 SHS ISHARES GOLD TR P 2010-05-06 2010-10-22
155 SHS KIMBERLY CLARK P 2009-11-05 2010-10-29
185 SHS CELGENE CORP. P 2010-04-29 2011-02-03
80 SHS AFFILIATED MANAGERS GROUP P 2010-09-28 2011-02-04
18 SHS AFFILIATED MANAGERS GROUP P 2010-03-04 2011-02-09
50 SHS BOEING CO P 2010-10-22 2011-04-12
50 SHS CAPITAL ONE FINL CORP P 2011-01-04 2011-04-12
170 SHS CBS CORP NEW CL B P 2010-08-11 2011-04-12
180 SHS ENERGIZER HLDGS INC P 2010-08-11 2011-04-12
50 SHS EXXON MOBIL CORP P 2011-02-04 2011-04-12
70 SHS HARTFORD FINANCIAL SVCS GROUP P 2011-01-04 2011-04-12
7 SHS GOOGLE INC. P 2010-10-29 2011-05-09
0.5 SHS CITIGROUP INC. P 2011-04-12 2011-05-17
232 SHS ISHARES MSCI TAIWAN INDEX FD P 2009-11-25 2010-11-04
180 SHS COACH INC. P 2009-03-26 2010-07-14
3450 SHS VANGUARD ADMIRAL FIXED ST CORP #539 P 2009-06-02 2010-07-21
2000 SHS VANGUARD ADMIRAL FIXED ST CORP #539 P 2009-06-02 2010-07-22
200 SHS MEDCO HEALTH SOLUTIONS P 2009-07-09 2010-08-03
240 SHS BEST BUY CO INC P 2009-04-24 2010-08-11
700 SHS NABORS INDUSTIRES LTD P 2007-05-08 2010-08-11
385 SHS ALBERTO CULVER CO NEW P 2009-09-08 2010-09-28
238 SHS SEC SPDR MATLS P 2009-08-07 2010-09-28
170 SHS SEC SPDR MATLS P 2009-08-07 2010-10-01
215 SHS M&T BANK CORP. P 2009-08-06 2010-10-07
345 SHS QUEST DIAGNOSTIC INC. P 2008-09-04 2010-10-22
325 SHS HEWLETT PACKARD CO. P 2008-09-04 2010-10-29
250 SHS MICROSOFT CORP. P 2001-08-31 2010-10-29
10000 SHS ISRAEL ST LIBOR FLTG RATE 11/1/10 P 2000-11-01 2010-11-01
600 SHS ISHARES MSCI TAIWAN INDEX FD P 2008-04-23 2010-11-04
50000 SHS FED NATL MTG ASSN 6.625% 11/15/10 P 2000-12-11 2010-11-15
246 SHS TJX COMPANIES P 2008-10-27 2011-01-04
167 SHS AFLAC INC. P 2007-05-15 2011-02-04
375 SHS TARGET CORP. P 2009-09-15 2011-02-04
306 SHS CISCO SYSTEMS P 1980-01-01 2011-02-09
125 SHS ALTERA CORP. P 2010-02-16 2011-03-02
110 SHS CATERPILLAR INC. P 2009-07-22 2011-03-02
115 SHS SEC SPDR MATLS P 2009-08-07 2011-03-02
270 SHS COACH INC. P 2009-03-26 2011-03-18
208 SHS AFLAC INC P 2007-05-15 2011-04-12
75 SHS ALTERA CORP P 2010-02-16 2011-04-12
25 SHS DEERE & CO P 2010-02-18 2011-04-12
200 SHS EMC CORP MASS P 2009-04-24 2011-04-12
50 SHS EMERSON ELECTRIC CO P 2009-03-26 2011-04-12
150 SHS ISHARES S&P SMALL CAP INDEX FD P 2008-07-24 2011-04-12
75 SHS ORACLE SYSTEMS CORP P 2007-05-15 2011-04-12
25 SHS PANERA BREAD CO CL A P 2009-11-19 2011-04-12
100 SHS SPDR S&P MIDCAP 400 ETF TR P 2008-04-23 2011-04-12
175 SHS WAL-MART STORES P 2009-09-08 2011-04-12
100 SHS WALT DISNEY CO P 2009-11-19 2011-04-12
998 SHS BANK OF AMERICA CORP P 2008-11-28 2011-04-21
100 SHS EMC CORP MASS P 2009-04-24 2011-05-05
50 SHS HERSHEY CO P 2009-02-19 2011-05-05
50 SHS WALT DISNEY CO P 2009-11-19 2011-05-05
60 SHS ALTERA CORP. P 2010-02-16 2011-05-09
20 SHS EMC CORP MASS P 2009-04-24 2011-05-09
250 SHS EMERSON ELEC. CO. P 2009-03-26 2011-05-09
230 SHS FREEPORT-MCMORAN COPPER & GOLD P 2009-11-19 2011-05-09
10 SHS GOOGLE INC. P 2009-11-05 2011-05-09
CAPITAL GAIN 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 9,640   7,332 2,308
b 8,377   9,679 -1,302
c 33,150   31,897 1,253
d 12,263   11,429 834
e 1,674   2,134 -460
41,988   37,741 4,247
9,727   9,862 -135
9,526   11,483 -1,957
7,998   6,248 1,750
1,817   1,381 436
3,651   3,580 71
2,573   2,179 394
4,117   2,477 1,640
12,583   11,275 1,308
4,152   4,162 -10
1,862   1,951 -89
3,716   4,390 -674
21   23 -2
3,304   2,939 365
6,605   3,205 3,400
37,191   35,052 2,139
21,560   20,320 1,240
9,463   9,424 39
8,035   9,630 -1,595
11,428   23,546 -12,118
14,485   10,435 4,050
7,828   7,275 553
5,605   5,197 408
16,625   12,770 3,855
16,797   18,666 -1,869
13,681   14,444 -763
6,675   7,168 -493
10,000   10,000  
8,545   10,144 -1,599
50,000   51,645 -1,645
10,747   5,971 4,776
9,509   8,726 783
20,392   16,618 3,774
6,701   6,461 240
5,293   2,930 2,363
11,072   4,255 6,817
4,434   3,515 919
13,445   4,808 8,637
11,037   10,868 169
3,112   1,758 1,354
2,332   1,432 900
5,138   2,676 2,462
2,850   1,463 1,387
10,770   9,196 1,574
2,491   1,422 1,069
3,002   1,589 1,413
17,603   15,010 2,593
9,366   9,013 353
4,153   3,025 1,128
12,285   21,405 -9,120
2,711   1,198 1,513
2,827   1,772 1,055
2,147   1,512 635
2,866   1,406 1,460
543   240 303
13,823   7,315 6,508
11,609   9,668 1,941
1,614   1,645 -31
      4,877
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       2,308
b       -1,302
c       1,253
d       834
e       -460
      4,247
      -135
      -1,957
      1,750
      436
      71
      394
      1,640
      1,308
      -10
      -89
      -674
      -2
      365
      3,400
      2,139
      1,240
      39
      -1,595
      -12,118
      4,050
      553
      408
      3,855
      -1,869
      -763
      -493
       
      -1,599
      -1,645
      4,776
      783
      3,774
      240
      2,363
      6,817
      919
      8,637
      169
      1,354
      900
      2,462
      1,387
      1,574
      1,069
      1,413
      2,593
      353
      1,128
      -9,120
      1,513
      1,055
      635
      1,460
      303
      6,508
      1,941
      -31
       
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 57,431
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 120,802 2,198,651 0.054944
2008 119,770 2,205,086 0.054315
2007 128,620 2,871,869 0.044786
2006 136,168 2,638,871 0.051601
2005 148,626 2,573,032 0.057763
2 Total of line 1, column (d) ...................... 2 0.263409
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 0.052682
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,370,471
5 Multiply line 4 by line 3....................... 5 124,881
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 935
7 Add lines 5 and 6......................... 7 125,816
8 Enter qualifying distributions from Part XII, line 4.............. 8 118,326
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,870
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,870
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,870
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 680
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.............. 7 680
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,190
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 taxBullet0 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)bulletNH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletJILL SCHIFFMAN Telephone no.bullet (603) 643-3662
    Located atbullet24 RIP ROADHANOVERNH ZIP+4bullet03755
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    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
    JILL G SCHIFFMAN TRUSTEE
    2.0     		8,000 0 0
    24 RIP ROAD
    HANOVER,NH03755
    BARBARA G JACOBSON TRUSTEE
    1.0     		2,000 0 0
    1700 OAK AVENUE
    MENLO PARK,CA94025
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    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 NOT APPLICABLE  
    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
    2,370,663
    b
    Average of monthly cash balances.......................
    1b
    35,907
    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
    2,406,570
    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
    0
    3
    Subtract line 2 from line 1d..........................
    3
    2,406,570
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    36,099
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,370,471
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    118,524
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    118,524
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,870
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,870
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    116,654
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    116,654
    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
    116,654
    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
    118,326
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    118,326
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    118,326
    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 7 116,654
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:2008, 2007, 2006  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 6,936
    b From 2006....... 10,220
    c From 2007....... 0
    d From 2008....... 10,419
    e From 2009....... 11,540
    fTotal of lines 3a through e......... 39,115
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 118,326
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 116,654
    e Remaining amount distributed out of corpus 1,672
    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 40,787
    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 ...........     		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) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		6,936
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		33,851
    10 Analysis of line 9:
    a Excess from 2006.... 10,220
    b Excess from 2007.... 0
    c Excess from 2008.... 10,419
    d Excess from 2009.... 11,540
    e Excess from 2010.... 1,672
    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:
    JILL SCHIFFMAN
    24 RIP ROAD
    HANOVER,NH03755
    (603) 643-3662
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN APPLICATIONS AND ORGANIZATIONS BACKGROUND
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACCELERATED CURE PROJECT FOR MULTIPLE SCLEROSIS
    300 FIFTH AVE
    WALTHAM,MA02451     		  PUBLIC GENERAL SUPPORT 1,000
    AMERICAN RED CROSS
    425 RESERVOIR AVE
    MANCHESTER,NH03104     		  PUBLIC ANNUAL FUND 500
    ANTI DEFAMATION LEAGUE
    126 HIGH ST
    BOSTON,MA02110     		  PUBLIC ANNUAL FUND 500
    ARLINGTON SCHOOL AT MCLEAN HOSPITAL
    115 MILL STREET
    BELMONT,MA02478     		  PUBLIC MEMORIAL CONTRIBUTION 1,500
    BRANDEIS HILLEL DAY SCHOOL
    655 BROTHERHOOD WAY
    SAN FRANCISCO,CA94132     		  PUBLIC SCHOLARSHIPS CAPITAL CAMPAIGN 3,500
    CALIFORNIA ACADEMY OF SCIENCES
    55 MUSIC CONCOURSE WAY
    GOLDEN GATE PARK
    SAN FRANCISCO,CA94118     		  PUBLIC GENERAL SUPPORT 2,000
    CALIFORNIA PACIFIC MEDICAL CENTER FOUNDATION
    NEO-NATAL CARE UNIT
    PO BOX 45902
    SAN FRANCISCO,CA941450902     		  PUBLIC GENERAL SUPPORT 1,000
    CAREGIVERS INC
    45 SOUTH RIVER ROAD
    BEDFORD,NH03110     		  PUBLIC ANNUAL APPEAL 500
    CHAD
    1 MEDICAL CENTER DRIVE
    LEBANON,NH03756     		  PUBLIC MEMORIAL CONTRIBUTION 500
    CHILD HEALTH SERVICES
    1245 ELM ST
    MANCHESTER,NH03101     		  PUBLIC ANNUAL FUND 2,000
    COLBY-SAWYER COLLEGE
    100 MAIN STREET
    NEW LONDON,NH03257     		  PUBLIC ANNUAL FUND 6,000
    COLUMBIABARNARD HILLEL
    606 WEST 115TH STREET
    NEW YORK,NY10025     		  PUBLIC ROBERT KRAFT FAMILY CENTER FOR JEWISH STUDENT LIFE 500
    COLUMBIA UNIVERSITY
    525 W 120TH STREET
    NEW YORK,NY100279988     		  PUBLIC FOR TEACHERS COLLEGE 1,000
    CAMP KESEM HILLER AT STANFORD
    PO BOX 20526
    STANFORD,CA94309     		  PUBLIC GENERAL SUPPORT 1,000
    CASTING FOR RECOVERY
    PO BOX 1123
    MANCHESTER,VT05254     		  PUBLIC GENERAL SUPPORT 1,000
    DARTMOUTH MEDICAL SCHOOL
    1 MEDICAL CENTER DR HB 7070
    LEBANON,NH03756     		  PUBLIC SCHOLARSHIP FUND 2,000
    DARTMOUTH-HITCHCOCK MEDICAL CENTER
    1 MEDICAL CENTER DRIVE
    LEBANON,NH03756     		  PUBLIC ANNUAL FUND NORRIS COTTON CANCER CENTER 1,500
    DAVID'S HOUSE
    PO BOX 660
    LEBANON,NH03766     		  PUBLIC FOR THE EXALTED LOON 1,000
    EASTSIDE PREPARATORY SCHOOL
    1041 MYRTLE STREET
    PALO ALTO,CA94303     		  PUBLIC GENERAL DONATION 2,000
    ELLIOT HOSPITAL
    ONE ELLIOT WAY
    MANCHESTER,NH03103     		  PUBLIC ANNUAL DONATION CAPITAL CAMPAIGN PURCHASE OF MANIKIN 20,500
    FIRST CO DEKA
    200 BEDFORD STREET
    MANCHESTER,NH03101     		  PUBLIC ANNUAL DONATION 1,000
    FOUNDATION FOR BELMONT EDUCATION
    PO BOX 518
    BELMONT,MA02478     		  PUBLIC GENERAL SUPPORT 1,000
    GOOD BEGINNINGS OF THE UPPER VALLEY
    66 BENNING STREET STE 6
    WEST LEBANON,NH03784     		  PUBLIC GENERAL DONATION 500
    GOOD NEIGHBOR HEALTH CLINIC
    70 NORTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001     		  PUBLIC GENERAL SUPPORT 1,000
    GRANITE UNITED WAY
    22 CONCORD ST 2ND FL
    MANCHESTER,NH03101     		  PUBLIC ANNUAL DRIVE 2,000
    JEWISH WOMEN'S ARCHIVE
    138 HARVARD STREET
    BROOKLINE,MA02446     		  PUBLIC GENERAL SUPPORT 1,000
    KOMEN SUSAN G FOR THE CURE
    5005 LBJ FREEWAY STE 250
    DALLAS,TX75244     		  PUBLIC GENERAL SUPPORT 1,000
    LEAGUE OF NH CRAFTSMEN
    205 NORTH MAIN STREET
    CONCORD,NH033015080     		  PUBLIC DEBBIE GRANT EDUCATIONAL FUND 1,000
    LUCILE PACKARD CHILDREN'S HOSPITAL
    725 WELCH ROAD
    PALO ALTO,CA94304     		  PUBLIC GENERAL SUPPORT 1,000
    MANCHESTER COMMUNITY THEATRE PLAYERS
    220 OAK STREET
    MANCHESTER,NH03104     		  PUBLIC PROGRAM SUPPORT 500
    GRASSROOT SOCCER INC
    PO BOX 712
    NORWICH,VT05055     		  PUBLIC GENERAL SUPPORT 1,000
    MANCHESTER REGIONAL COMMUNITY FOUNDATION
    37 PLEASANT STREET
    CONCORD,NH033014005     		  PUBLIC ETHEL & SAUL GREENSPAN FUND 5,000
    MONTSHIRE MUSEUM OF SCIENCE
    1 MONTSHIRE ROAD
    NORWICH,VT05055     		  PUBLIC FOR AQUATIC EXHIBITIONS 2,000
    MOORE CENTER SERVICES
    132 TITUS AVE
    MANCHESTER,NH03103     		  PUBLIC CAMPERSHIP PROGRAM ROSE GARDEN SPONSOR CAPITAL CAMPAIGN 1,500
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    NO CALIFORNIA CHAPTER
    PO BOX 23664
    OAKLAND,CA946230664     		  PUBLIC SUPPORT 2,500
    NH CHARITABLE FOUNDATION
    37 PLEASANT STREET
    CONCORD,NH03301     		  PUBLIC LEW FELDSTEIN PUBLIC ISSUES FUND 1,000
    NEW HERIZONS FOR NH INC
    199 MANCHESTER STREET
    MANCHESTER,NH031050199     		  PUBLIC WALK FOR HUNGER 1,000
    NEW LONDON HOSPITAL
    273 COUNTY ROAD
    NEW LONDON,NH03257     		  PUBLIC GENERAL SUPPORT 1,000
    RED LOGAN DENTAL CLINIC
    70 NORTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001     		  PUBLIC GENERAL SUPPORT 1,000
    RONALD MCDONALD HOUSE AT STANFORD
    520 SAND HILL ROAD
    PALO ALTO,CA943042001     		  PUBLIC GENERAL SUPPORT 1,000
    HUCKLEBERRY YOUTH SERVICES
    3210 GEARY BLVD
    SAN FRANCISCO,CA94118     		  PUBLIC FOR CARC/TARC PROGRAMS 1,000
    SECOND HARVEST FOOD BANK
    750 CURTNER AVE
    SAN JOSE,CA951252118     		  PUBLIC GENERAL SUPPORT 1,000
    SMITH COLLEGE
    33 ELM STREET
    NORTHAMPTON,MA01063     		  PUBLIC MATCHING GRANT FOR CLASS OF '62 5,000
    SONRISAS COMMUNITY DENTAL CENTER
    210 SAN MATEO ROAD STE 104
    HALF MOON BAY,CA94019     		  PUBLIC GENERAL SUPPORT 1,000
    TEMPLE ADATH YESHURUN
    152 PROSPECT STREET
    MANCHESTER,NH03104     		  PUBLIC HIGH HOLY DAY DONATION MAZON 1,000
    THE UPPER VALLEY HAVEN
    713 HARTFORD AVE
    WHITE RIVER JUNCTION,VT05001     		  PUBLIC FOOD PANTRY 1,000
    UPPER VALLEY JEWISH COMMUNITY
    ROTH CENTER
    5 OCCOM RIDGE
    HANOVER,NH03755     		  PUBLIC GENERAL SUPPORT 1,000
    VNA OF MANCHESTER & SOUTH NH
    33 SOUTH COMMERCIAL STREET STE 401
    MANCHESTER,NH03101     		  PUBLIC ALZHEIMER'S CARE 2,000
    VNA-HOSPICE OF VT & NH
    66 BENNING STREET STE 6
    WEST LEBANON,NH03784     		  PUBLIC GENERAL SUPPORT 1,000
    WILD CENTER
    45 MUSEUM DRIVE
    TUPPER LAKE,NY12986     		  PUBLIC ANNUAL DONATION MEMORIAL DONATION 5,000
    WOMEN'S FUND OF NH
    46 SOUTH MAIN STREET
    CONCORD,NH03301     		  PUBLIC GENERAL SUPPORT 5,000
    LYME FOUNDATION
    PO BOX 292
    LYME,NH03768     		  PRIVET LIFE FUND 2,000
    MAYHEW PROGRAM
    PO BOX 120
    BRISTOL,NH03222     		  PUBLIC GENERAL SUPPORT 1,000
    PLANNED PARENTHOOD OF NO NE
    89 SOUTH MAIN ST
    W LEBANON,NH03784     		  PUBLIC GENERAL SUPPORT 1,000
    SCOTTISH RITE CHARITIES
    PO BOX 517
    LEXINGTON,MA02420     		  PUBLIC MEMORIAL CONTRIBUTION 200
    UCSF FOUNDATION
    PO BOX 45339
    SAN FRANCISCO,CA941450339     		  PUBLIC MEMORIAL CONTRIBUTION 500
    YMCA
    PO BOX 185
    GRANTHAM,NH03753     		  PUBLIC CAMP CONSISTON CENTENNAIAL CELEBRATION 1,000
    YMCA OF SAN FRANCISCO
    631 HOWARD ST STE 500
    SAN FRANCISCO,CA94105     		  PUBLIC POINT BONITO PROGRAM 1,000
    CREATE NOW
    1611 S HOPE ST SUITE E
    LOS ANGELES,CA90015     		  PUBLIC GENERAL SUPPORT 1,000
    Total .................................bullet 3a 108,200
    bApproved for future payment
    BRANDEIS HILLEL DAY SCHOOL
    655 BROTHERHOOD WAY
    SAN FRANCISCO,CA94132     		  PRIVATE BUILDING THE FUTURE CAMPAIGN 2,500
    ELLIOT HOSPITAL
    ONE ELLIOT WAY
    MANCHESTER,NH03103     		  PUBLIC CAPITAL CAMPAIGN 20,000
    MARY & JOHN ELLIOT CHARITABLE FOUNDATION
    4 ELLIOT WAY SUITE 301
    MANCHESTER,NH03103     		  PUBLIC TEACHING MANIKIN 13,500
    Total ..................................bullet 3b 36,000
    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 57,816  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 57,431  
    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)..   115,247  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13115,247
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


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    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2010 DepreciationSchedule
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    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

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    Name of Bond End of Year Book Value End of Year Fair Market Value
    25M ISRAEL STATE DIR BD 3RD    
    JUBILEE ISSUE 5.55% 6/1/2014 25,000 25,000
    10M ISRAEL STATE 2ND LIBOR    
    FLOATING RATE 11/1/2010 0 0
    75M EL DU PONT DE NEMOUR    
    & CO 4.625% 1/15/2020 75,000 79,905
    50M MORGAN STANLEY 5.5%    
    7/24/2020 49,746 51,444

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    Name of Stock End of Year Book Value End of Year Fair Market Value
    250 SHS ABBOTT LABORATORIES 10,225 13,063
    1915SHS ADVD MICRO DEVICES INC 0 0
    315 SHS AETNA INC NEW 10,400 13,759
    108SHS AFFILIATED MGRS GRP INC 8,288 11,419
    375 SHS AFLAC INC 0 0
    385 SHS ALBERTO CULVER CO. NEW 0 0
    225 SHS ALLEGHENY TECHNOLOGIES 11,666 17,084
    340 SHS ALTERA CORP. 7,970 16,351
    135 SHS APACHE CORP. 13,314 16,820
    85 SHS APPLE COMPUTER INC. 21,591 29,566
    410 SHS ARCH COAL INC. 0 0
    525 SHS AT&T INC. 21,273 16,569
    250 SHS BAKER HUGHES, INC. 20,100 18,482
    998 SHS BANK OF AMERICA CORP. 0 0
    160 SHS BECTON DICKINSON & CO. 12,507 14,008
    290 SHS BEST BUY CO. INC. 0 0
    250 SHS BOEING CO. 13,094 19,508
    415 SHS CAPITAL ONE FINL CORP 17,893 22,551
    120 SHS CATERPILLAR INC. 4,641 12,696
    185 SHS CELGENE CORP. 0 0
    510 SHS CB RICHARD ELLIS GROUP 9,576 13,479
    800 SHS CBS CORP. NEW CL B 11,633 22,360
    275 SHS CHEVRON CORP 19,987 28,850
    445 SHS CIGNA 16,756 22,201
    233 SHS CITIGROUP INC COM NEW 10,835 9,588
    160 SHS COLGATE-PALMOLIVE CO 13,235 14,005
    494 SHS CISCO SYSTEMS 10,413 8,299
    450 SHS COACH INC 0 0
    235 SHS COCA-COLA CO. 10,233 15,700
    200 SHS CONOCOPHILLIPS 16,336 14,644
    295 SHS CVS/CAREMARK CORP 10,665 11,414
    140 SHS DEERE& CO. 8,020 12,051
    210 SHS DEVON ENERGY CORP. NEW 13,508 17,655
    880 SHS E M C CORP MASS 10,542 25,054
    300 SHS EMERSON ELECTRIC CO. 0 0
    290 SHS EDISON INTERNATIONAL 10,866 11,414
    200 SHS EXELON CORP. 15,426 8,370
    387 SHS EXXON MOBIL CORP. 30,416 32,303
    115 SHS FREEPORT-MCMORAN    
    COPPER & GOLD INC CL B 0 0
    685 SHS GENERAL ELECTRIC CO. 19,936 13,453
    120 SHS GOLDMAN SACHS GRP INC 23,668 16,888
    20 SHS GOOGLE INC. 10,901 10,580
    650 SHS HARTFORD FINANCIAL    
    SVCES GROUP INC 10,370 17,323
    370 SHS HERSHEY COMPANY 13,114 20,620
    325 SHS HEWLETT PACKARD CO. 0 0
    215 SHS ILLINOIS TOOL WORKS 12,509 12,324
    1000 SHS INTEL CORP. 19,393 22,510
    165 SHS IBM 20,265 27,873
    785 SHS ISHARES COMEX GOLD TR 0 0
    59 SHS ISHARES FTSE/XINHUA    
    CHINA 25 INDEX 2,672 2,677
    786 SHS ISHARES MSCI CDA INDEX 22,721 25,859
    345 SHS ISHARES INCMSCI BRAZIL    
    FREE INDEX 29,360 25,951
    1300 SHS ISHARES MSCI EMU    
    INDEX FD 51,354 51,792
    313 SHS ISHARES MSCI SO KOREA    
    INDEX FD 14,586 20,661
    1042 SHS ISHARES MSCI PACIFIC    
    EX-JAPAN INDEX FD 44,445 51,131
    258 SHS ISHARES MSCI SWEDEN    
    INDEX FD 6,618 8,994
    887SHS ISHARES MSCI SWIZERLAND    
    INDEX FD 20,293 25,155
    832 SHS ISHARES MSCI TAIWAN    
    INDEX FD 0 0
    1688 SHS ISHARES MSCI UK    
    INDEX FD 28,848 31,498
    3495 SHS ISHARES MSCI-JAPAN 33,342 35,894
    1978 SHS IHARES S&P SMALL CAP    
    INDEX FD 102,083 148,034
    644 SHS ISHARES COHEN & ST REA 42,336 48,699
    4585 SHS ISHARES GOLD TRUST 36,724 68,729
    484 SHS ISHARES MSCI GERMANY 12,060 13,141
    640 SHS JABIL CIRCUIT INC 13,601 13,811
    475 SHS JP MORGAN CHASE & CO. 23,940 20,409
    325 SHS JUNIPER NETWORKS INC 10,404 11,898
    155 SHS KIMBERLY CLARK 0 0
    615 SHS LOWES COMPANYIES INC 15,333 14,846
    320 SHS M&T BANK CORP. 0 0
    180 SHS MANPOWER INC COM 12,436 11,003
    310 SHS MARRIOTT INT'L INC NEW 11,480 11,721
    50 SHS MASTERCARD INC. 0 0
    200 SHS MEDCO HEALTH    
    SOLUTIONS INC. 0 0
    385 SHS MERCK & CO INC NEW COM 13,486 14,149
    725SHS MICROSOFT CORP 19,722 18,132
    700 SHS NABORS INDUSTRIES LTD 0 0
    300 SHS NORSTROM INC. 11,538 14,049
    155 SHS NORFOLK SOUTHERN CORP 8,680 11,363
    600 SHS ORACLE SYSTEMS CORP. 11,376 20,532
    120 SHS PANERA BREAD CO. CL A 7,627 15,004
    190 SHS PEABODY ENERGY CORP 9,274 11,658
    215 SHS PEPSICO INC. 14,523 15,291
    1000 SHS PFIZER, INC. 17,755 21,450
    130 SHS PNC FINANCIAL SERVICES 7,946 8,115
    820 SHS PNM RES INC. 11,132 13,555
    293 SHS PROCTER & GAMBLE CO. 12,287 19,631
    345 SHS QUEST DIAGNOSTIC INC. 0 0
    585 SHS SELECT SEC SPDR    
    TR MATLS 15,211 23,254
    795 SHS SPDR INDEX SHS FDS    
    ASIA PACIF ETF 56,118 69,109
    1100 SHS SPDR S&P MIDCAP 400    
    ETF TR UTSER1 151,778 200,838
    305 SHS STARBUCKS CORP. 6,646 11,221
    265 SHS STRYKER CORP. 15,824 16,536
    515 SHS SUN TRUST BANKS INC. 16,203 14,487
    375 SHS TARGET CORP. 0 0
    246 SHS TJX COS. NEW 0 0
    175 SHS UNITED TECH. CORP 12,569 15,360
    500 SHS UNUM PROVIDENT CORP. 13,102 13,155
    200 SHS WAL-MART STORES 10,300 11,044
    450 SHS WALT DISNEY CO. 12,177 18,734
    375 SHS WASTE MGMT INC DEL COM 14,346 14,580
    475 SHS WELLS FARGO & CO NEW 13,855 13,476
    59 SHS WISDOMTREE TRUST INDIA 1,334 1,389
    150 SHS ZIMMER HOLDINGS INC 10,093 10,164
    225 SHS 3M CO. 13,258 21,236
    3140.75 SHS TEMPLETON GLOBAL    
    BD ADVISOR #616 36,885 43,876
    1464.86 SHS VANGUARD ADMIRAL    
    FIXED INCOME CORP ST. FD #539 14,887 15,820
    9019.72 SHS VANGUARD ADMIRAL    
    GNMA FD #536 94,008 98,766
    16825.95 SHS VANGUARD INTER    
    TERM BD IDX SS #1350 179,991 192,489
    3812.75 SHS VANGUARD INTER    
    TERM CORP FUND #71 38,560 38,318

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    75,553
    State & Local Government Securities - End of Year Fair Market Value:


    79,846


    TY 2010 LandEtcSchedule2
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2010 OtherExpensesSchedule
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEES - BOOKKEEPING 4,193 2,516   1,677
    FEES - BROKER/FIDUCIARY 13,163 13,163    
    FILING FEES 75      
    OFFICE EXPENSE 65 33   32


    TY 2010 TaxesSchedule
    Name:
    THE GREENSPAN FOUNDATION
    C/O JILL G SCHIFFMAN
    EIN: 02-6008379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 695 695    
    EXCISE TAX 254 254