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
GREYSTONE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)730 2ND AVE SO NO 1300   Room/suite
City or town, state, and ZIP code
MINNEAPOLIS, MN55402
A Employer identification number

41-6027765
B Telephone number (see page 10 of the instructions)

(612) 752-1770
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$11,247,480J 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) 996,268
2 Check bullet
3 Interest on savings and temporary cash investments 17,402 17,402  
4 Dividends and interest from securities...... 187,198 187,198  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 716,846
b Gross sales price for all assets on line 6a 1,200,190
7 Capital gain net income (from Part IV, line 2)... 716,846
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 53,740 21,005  
12 Total. Add lines 1 through 11........ 1,971,454 942,451  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,500 8,850   20,650
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 11,100 5,550   5,550
c Other professional fees (attach schedule).... Click to see attachment 94,693 86,001   8,645
17 Interest............... 4,868 4,863   0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 87 57   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 10,331 0   10,331
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25 0   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 150,604 105,321   45,201
25 Contributions, gifts, grants paid........ 1,128,952 1,128,952
26 Total expenses and disbursements. Add lines 24 and 25 1,279,556 105,321   1,174,153
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 691,898
b Net investment income (if negative, enter -0-) 837,130
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,009,506 2,041,039 2,041,039
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)........ 5,420,436 Click to see attachment4,947,253 6,134,243
c Investments—corporate bonds (attach schedule)........ 2,280,112 Click to see attachment2,413,661 2,752,474
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 193,161 Click to see attachment193,160 319,724
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) 8,903,215 9,595,113 11,247,480
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......... 8,903,215 9,595,113
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,903,215 9,595,113
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,903,215 9,595,113
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 8,903,215
2 Enter amount from Part I, line 27a...................... 2 691,898
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,595,113
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 9,595,113
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 TAPESTRY P   2010-07-30
b ST CAP GAINS P    
c LT CAP GAINS-15% QUALIFIED P    
d SECTION 1256 GAINS P    
e LT CAP GAINS-UBIT P    
COST BASIS ADJ-DONATED STOCK 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 1,200,190   1,000,000 200,190
b       342,290
c       172,186
d       20,771
e       -12,696
      -5,895
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       200,190
b       342,290
c       172,186
d       20,771
e       -12,696
      -5,895
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 2 716,846
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 1,309,758 9,621,061 0.136134
2008 1,410,610 11,989,271 0.117656
2007 1,402,641 13,649,897 0.102758
2006 1,143,281 12,762,252 0.089583
2005 1,814,488 12,651,054 0.143426
2 Total of line 1, column (d) ...................... 2 0.589557
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 0.117911
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 10,145,995
5 Multiply line 4 by line 3....................... 5 1,196,324
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,371
7 Add lines 5 and 6......................... 7 1,204,695
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,174,153
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 16,743
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 16,743
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 16,743
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 5,562
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 16,438
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,257
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet5,257 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)bulletMN
    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 ofbulletKATHERINE M LEIGHTON Telephone no.bullet (612) 752-1772
    Located atbullet1300 US TRUST BUILDINGMINNEAPOLISMN ZIP+4bullet55402
    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
    KATHERINE M LEIGHTON TRUSTEE
    8.00     		29,500 0 0
    1300 US TRUST BUILDING
    MINNEAPOLIS,MN55402
    MICHAEL P HOLLERN TRUSTEE
    1.00     		0 0 0
    1300 US TRUST BUILDING
    MINNEAPOLIS,MN55402
    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
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................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
    9,109,861
    b
    Average of monthly cash balances.......................
    1b
    1,190,642
    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
    10,300,503
    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
    10,300,503
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    154,508
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,145,995
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    507,300
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    507,300
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    16,743
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
    1,906
    c
    Add lines 2a and 2b............................
    2c
    18,649
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    488,651
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    488,651
    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
    488,651
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,174,153
    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
    1,174,153
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,174,153
    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 7 488,651
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 1,187,270
    b From 2006....... 514,751
    c From 2007....... 767,562
    d From 2008....... 817,875
    e From 2009....... 829,908
    fTotal of lines 3a through e......... 4,117,366
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,174,153
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 488,651
    e Remaining amount distributed out of corpus 685,502
    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 4,802,868
    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) .............     		1,187,270
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		3,615,598
    10 Analysis of line 9:
    a Excess from 2006.... 514,751
    b Excess from 2007.... 767,562
    c Excess from 2008.... 817,875
    d Excess from 2009.... 829,908
    e Excess from 2010.... 685,502
    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:
    KATHERINE M LEIGHTON
    730 2ND AVE SO STE 1300
    MINNEAPOLIS,MN55402
    (612) 752-1770
    bThe form in which applications should be submitted and information and materials they should include:
    BY WRITTEN APPLICATION: STATE PURPOSE, BUDGET, HOW OBJECTIVES WILL BE MET. INCLUDE A COPY OF IRS EXEMPTION DETERMINATION LETTER.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ALL TAX EXEMPT ORGANIZATIONS
    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
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    800 E 28TH STREET
    MINNEAPOLIS,MN554073799     		  501 ( C ) 3 GENERAL 1,000
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    801 E 28TH STREET
    MINNEAPOLIS,MN554073799     		  501 ( C ) 3 GENERAL 3,000
    ADVENTIST DEVELOPMENT & RELIEF AGENCY
    12501 OLD COLUMBIA PIKE
    SILVER SPRING,MD20904     		  501 ( C ) 3 GENERAL 2,000
    AMERICAN HEART ASSOCIATION
    710 2ND AVE SUITE 900
    SEATTLE,WA98104     		  501 ( C ) 3 GENERAL 1,000
    AMERICAN RED CROSS - LA
    11355 OHIO AVE
    LOS ANGELES,CA90025     		  501 ( C ) 3 GENERAL 500
    AMISTAD INTERNATIONAL
    1657 EDGEWOOD DRIVE
    PALO ALTO,CA94303     		  501 ( C ) 3 GENERAL 500
    ANIMAL HUMANE SOCIETY
    845 MEADOW LANE NORTH
    GOLDEN VALLEY,MN55422     		  501 ( C ) 3 GENERAL 2,500
    ARTHRITIS FOUNDATION-SO CA CHAPTER
    PO BOX 761129
    LOS ANGELES,CA90067     		  501 ( C ) 3 GENERAL 500
    ARTS CENTRAL
    875 NW BROOKS STREET
    BEND,OR97701     		  501 ( C ) 3 GENERAL 1,000
    ARTSPACE
    250 THIRD AVE N STE 500
    MINNEAPOLIS,MN55401     		  501 ( C ) 3 GENERAL 15,000
    ASPCA
    424 E 92 ST
    NEW YORK,NY10128     		  501 ( C ) 3 GENERAL 500
    AUDUBON CENTER OF THE NORTH WOODS
    PO BOX 530
    SANDSTONE,MN55072     		  501 ( C ) 3 GENERAL 2,500
    BAINBRIDGE SCHOOLS FOUNDATION
    8489 MADISON AVE NE
    BAINBRIDGE ISLAND,WA98110     		  501 ( C ) 3 GENERAL 1,000
    BASCOM PALMER EYE INSTITUTE
    PO BOX 016880
    MIAMI,FL33101     		  501 ( C ) 3 GENERAL 1,000
    BEND'S COMMUNITY CENTER
    1036 NE 5TH STREET
    BEND,OR97701     		  501 ( C ) 3 GENERAL 1,000
    BETHLEHEM INN
    PO BOX 8540
    BEND,OR97708     		  501 ( C ) 3 GENERAL 2,000
    BIRCH CREEK MUSIC PERFORMANCE CENTER
    3821 COUNTY E
    EGG HARBOR,WI54209     		  501 ( C ) 3 GENERAL 100
    BLAKE SCHOOL
    110 BLAKE ROAD SOUTH
    MINNEAPOLIS,MN55343     		  501 ( C ) 3 GENERAL 15,000
    BODYVOX
    1300 NW NORTHRUP
    PORTLAND,OR97209     		  501 ( C ) 3 GENERAL 1,000
    BOYS & GIRLS CLUBS OF CENTRAL OREGON
    500 NW WALL ST
    BEND,OR97701     		  501 ( C ) 3 GENERAL 1,000
    BROWN UNIVERSITY
    BOX 1877
    PROVIDENCE,RI02912     		  501 ( C ) 3 GENERAL 2,000
    BUCKETWORKS
    706 S 5TH STREET
    MILWAUKEE,WI53204     		  501 ( C ) 3 GENERAL 500
    CAMILLUS HOUSE
    PO BOX 011829
    MIAMI,FL33101     		  501 ( C ) 3 GENERAL 1,000
    CEDARS OF MARIN
    PO BOX 947
    ROSS,CA94957     		  501 ( C ) 3 GENERAL 5,000
    CENTRAL ASIA INSTITUTE
    PO BOX 7209
    BOZEMAN,MT59771     		  501 ( C ) 3 GENERAL 500
    CENTRAL PARK CONSERVANCY
    PO BOX 4004
    NEW YORK,NY10277     		  501 ( C ) 3 GENERAL 500
    CHAMPIONS OF DISCOVERY
    200 CRESCENT COURT STE 1310
    DALLAS,TX75201     		  501 ( C ) 3 GENERAL 2,500
    CHARITY GLOBAL
    150 VARICK STREET
    NEW YORK,NY11013     		  501 ( C ) 3 GENERAL-STOP PYMT-CK NEVER CASHED -500
    CHARTWELL SCHOOL
    2511 NUMA WATSON RD
    SEASIDE,CA93955     		  501 ( C ) 3 GENERAL 1,000
    CHARTWELL SCHOOL
    2511 NUMA WATSON RD
    SEASIDE,CA93955     		  501 ( C ) 3 GENERAL 300
    CHILD AID
    917 SW OAK ST STE 208
    PORTLAND,OR97205     		  501 ( C ) 3 GENERAL 1,000
    CHISHOLM COMMUNITY FOUNDATION
    4 SW 3RD AVE
    CHISHOLM,MN55719     		  501 ( C ) 3 GENERAL 4,000
    CHRISTOPHER REEVE PARALYSIS FOUNDATION
    636 MORRIS TURNPIKE STE 3A
    SHORT HILLS,NJ07078     		  501 ( C ) 3 GENERAL 500
    CHRISTOPHER REEVE PARALYSIS FOUNDATION
    636 MORRIS TURNPIKE STE 3A
    SHORT HILLS,NJ07078     		  501 ( C ) 3 GENERAL 1,000
    CHURCH OF SCIENTOLOGY
    5930 FRANKLIN AVE
    HOLLYWOOD,CA90028     		  501 ( C ) 3 GENERAL 10,000
    CITY HARVEST INC
    575 EIGHTH AVE 4TH FLOOR
    NEW YORK,NY10018     		  501 ( C ) 3 GENERAL 500
    CITY MEALS ON WHEELS
    PO BOX 4007
    NEW YORK,NY10277     		  501 ( C ) 3 GENERAL 500
    COALITION FOR THE HOMELESS
    129 FULTON ST
    NEW YORK,NY10273     		  501 ( C ) 3 GENERAL 500
    COCC FOUNDATION
    2600 NW COLLEGE WAY
    BEND,OR97701     		  501 ( C ) 3 GENERAL 1,000
    COMO ZOO AND CONSERVATORY SOCIETY
    1225 ESTABROOK DRIVE
    ST PAUL,MN55103     		  501 ( C ) 3 GENERAL 500
    COURAGE CENTER
    3915 GOLDEN VALLEY ROAD
    GOLDEN VALLEY,MN55422     		  501 ( C ) 3 GENERAL 3,000
    CUREDUCHENNE
    3334 EAST COAST HWY 157
    CORONA DEL MAR,CA92625     		  501 ( C ) 3 GENERAL 1,000
    DA VINCI SCHOOL
    5442 LA SIERRA DRIVE
    DALLAS,TX75231     		  501 ( C ) 3 GENERAL 25,000
    DALLAS CASA INC
    2815 GASTON AVE
    DALLAS,TX75226     		  501 ( C ) 3 GENERAL 2,500
    DALLAS FOUNDATION
    900 JACKSON STREET
    DALLAS,TX75202     		  501 ( C ) 3 GENERAL 50,000
    DEERFIELD ACADEMY
    PO BOX 306
    DEERFIELD,MN01342     		  501 ( C ) 3 GENERAL 1,000
    DESCHUTES BASIN LAND TRUST
    210 NW IRVING AVE STE 102
    BEND,OR97701     		  501 ( C ) 3 GENERAL 1,000
    DESCHUTES CHILDRENS FOUNDATION
    1010 NW 14TH STREET
    BEND,OR97701     		  501 ( C ) 3 GENERAL 1,000
    DOCTORS WITHOUT BORDERS NY
    333 SEVENTH AVE 2ND FLOOR
    NEW YORK,NY10001     		  501 ( C ) 3 GENERAL 30,000
    DOCTORS WITHOUT BORDERS NY
    333 SEVENTH AVE 2ND FLOOR
    NEW YORK,NY10001     		  501 ( C ) 3 GENERAL 1,000
    DREAMCHANGE
    PO BOX 705
    WHATELY,MA01093     		  501 ( C ) 3 GENERAL 4,000
    ENVIRONMENTAL DEFENSE
    1875 CONNECTICUT AVE NW
    WASHINGTON,DC20009     		  501 ( C ) 3 GENERAL 4,000
    EVERGREEN CITY BALLET
    2230 LIND AVE SW STE 109
    RENTON,WA98057     		  501 ( C ) 3 GENERAL 1,000
    FAIRVIEW HOSPITAL
    29 LEWIS AVE
    GREAT BARRINGTON,MA01230     		  501 ( C ) 3 GENERAL 1,000
    FARM SANCTUARY
    PO BOX 150
    WATKINS GLEN,NY14891     		  501 ( C ) 3 GENERAL 3,000
    FIRST UNITED METHODIST CHURCH
    230 EAST SKYLINE PARKWAY
    DULUTH,MN55811     		  501 ( C ) 3 GENERAL 27,877
    FIRST UNITED METHODIST CHURCH
    230 EAST SKYLINE PARKWAY
    DULUTH,MN55811     		  501 ( C ) 3 GENERAL 23,000
    FOOD BANK FOR NEW YORK CITY
    355 FOOD CENTER DR
    BRONX,NY10474     		  501 ( C ) 3 GENERAL 500
    FOREST RIDGE SCHOOL OF THE SACRED HEART
    4800 139TH AVE SE
    BELLEVUE,WA98006     		  501 ( C ) 3 GENERAL 500
    FRED HUTCHINSON CANCER RESEARCH CTR
    1100 FAIRVIEW AVE N
    SEATTLE,WA98109     		  501 ( C ) 3 GENERAL 3,000
    FREDERICK R WEISMAN ART MUSEUM
    333 EAST RIVER ROAD
    MINNEAPOLIS,MN55455     		  501 ( C ) 3 GENERAL 5,000
    FRESH AIR FUND
    633 THIRD AVE 14TH FLOOR
    NEW YORK,NY10164     		  501 ( C ) 3 GENERAL 500
    FRIENDS COUNCIL ON EDUCATION
    1507 CHERRY ST
    PHILADELPHIA,PA19102     		  501 ( C ) 3 GENERAL 400
    FRIENDS OF THE EARTH
    1717 MASSACHUSETTS AVE NW STE 600
    WASHINGTON,DC20036     		  501 ( C ) 3 GENERAL 4,000
    FRIEND'S SCHOOL OF MINNESOTA
    1365 ENGLEWOOD AVE
    ST PAUL,MN55104     		  501 ( C ) 3 GENERAL 500
    FRIEND'S SCHOOL OF MINNESOTA
    1365 ENGLEWOOD AVE
    ST PAUL,MN55104     		  501 ( C ) 3 GENERAL 11,875
    FRIEND'S SCHOOL OF MINNESOTA
    1365 ENGLEWOOD AVE
    ST PAUL,MN55104     		  501 ( C ) 3 GENERAL 5,000
    FRIEND'S SCHOOL OF MINNESOTA
    1365 ENGLEWOOD AVE
    ST PAUL,MN55104     		  501 ( C ) 3 GENERAL 40,000
    GOODWILL INDUSTRIES
    6055 N 91ST STREET
    MILWAUKEE,WI53225     		  501 ( C ) 3 GENERAL 250
    GOODWILL INDUSTRIES
    6055 N 91ST STREET
    MILWAUKEE,WI53225     		  501 ( C ) 3 GENERAL 250
    GRAND MARAIS ART COLONY
    120 WEST 3RD AVE
    GRAND MARAIS,MN55604     		  501 ( C ) 3 GENERAL 2,500
    GRAYWOLF PRESS
    250 THIRD AVE N STE 600
    MINNEAPOLIS,MN55401     		  501 ( C ) 3 GENERAL 2,500
    GREAT INVESTORS' BEST IDEAS FDN
    1901 N AKARD SREET
    DALLAS,TX75201     		  501 ( C ) 3 GENERAL 6,000
    GREATER YELLOWSTONE COALITION
    PO BOX 1874
    BOZEMAN,MT59771     		  501 ( C ) 3 GENERAL 500
    GREENHILL SCHOOL
    4141 SPRING VALLEY ROAD
    ADDISON,TX75001     		  501 ( C ) 3 GENERAL 5,000
    GREENHILL SCHOOL
    4141 SPRING VALLEY ROAD
    ADDISON,TX75001     		  501 ( C ) 3 GENERAL 2,500
    GREENHILL SCHOOL
    4141 SPRING VALLEY ROAD
    ADDISON,TX75001     		  501 ( C ) 3 GENERAL 3,000
    GROVES ACADEMY
    3200 HWY 100 SOUTH
    ST LOUIS PARK,MN55416     		  501 ( C ) 3 GENERAL 1,000
    GROVES ACADEMY
    3200 HWY 100 SOUTH
    ST LOUIS PARK,MN55416     		  501 ( C ) 3 GENERAL 100
    HABITAT FOR HUMANITY
    121 HABITAT STREET
    AMERICUS,GA31709     		  501 ( C ) 3 GENERAL 5,000
    HENNEPIN AVENUE UNITED METHODIST CHURCH
    511 GROVELAND AVE
    MINNEAPOLIS,MN55403     		  501 ( C ) 3 GENERAL 650
    HENNEPIN HISTORY MUSEUM
    2303 THIRD AVE SOUTH
    MINNEAPOLIS,MN55404     		  501 ( C ) 3 GENERAL 2,500
    HIGH DESERT MUSEUM
    59800 SO HWY 97
    BEND,OR97702     		  501 ( C ) 3 GENERAL 10,000
    HIGHPOINT CENTER FOR PRINTMAKING
    2638 LYNDALE AVE S
    MINNEAPOLIS,MN55408     		  501 ( C ) 3 GENERAL 50,000
    HIGHPOINT CENTER FOR PRINTMAKING
    2638 LYNDALE AVE S
    MINNEAPOLIS,MN55408     		  501 ( C ) 3 GENERAL 15,000
    HOME FOR LIFE ANIMAL SANCTUARY
    PO BOX 847
    STILLWATER,MN55082     		  501 ( C ) 3 GENERAL 5,000
    HUDSON VALLEY SHAKESPEARE FESTIVAL
    155 MAIN STREET
    COLD SPRING,NY10516     		  501 ( C ) 3 GENERAL 1,000
    INSTITUTE FOR HEALTH AND HEALING
    PO BOX 43
    MINNEAPOLIS,MN55440     		  501 ( C ) 3 GENERAL 5,000
    ISLANDWOOD
    4450 BLAKELY AVE NE
    BAINBRIDGE ISLAND,WA98110     		  501 ( C ) 3 GENERAL 500
    JAMES SEWELL BALLET
    528 HENNEPIN AVE STE 205
    MINNEAPOLIS,MN55403     		  501 ( C ) 3 GENERAL 5,000
    JUNGLE THEATER
    2951 LYNDALE AVE S
    MINNEAPOLIS,MN55408     		  501 ( C ) 3 GENERAL 15,000
    JUNGLE THEATER
    2951 LYNDALE AVE S
    MINNEAPOLIS,MN55408     		  501 ( C ) 3 GENERAL 500
    KIDS CENTER
    1375 NW KINGSTON AVE
    BEND,OR97701     		  501 ( C ) 3 GENERAL 2,000
    KIDS DISCOVERY MUSEUM
    301 RAVINE LANE NE
    BAINBRIDGE ISLAND,WA98110     		  501 ( C ) 3 GENERAL 300
    LAKESIDE SCHOOL
    14050 1ST AVENUE NE
    SEATTLE,WA98125     		  501 ( C ) 3 GENERAL 500
    LAWRENCEVILLE SCHOOL
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		  501 ( C ) 3 GENERAL 12,500
    LEAGUE OF WOMEN VOTERS MN ED FUND
    550 RICE STREET
    ST PAUL,MN55103     		  501 ( C ) 3 GENERAL 2,500
    LIFEHOUSE
    100 SMITH RANCH RD STE 309
    SAN RAFAEL,CA94903     		  501 ( C ) 3 GENERAL 5,000
    LINK TV
    901 BATTERY STREET STE 308
    SAN FRANCISCO,CA94111     		  501 ( C ) 3 GENERAL 3,000
    LOFT LITERARY CENTER
    1011 WASHINGTON AVE S STE 200
    MINNEAPOLIS,MN55415     		  501 ( C ) 3 GENERAL 10,000
    LOS ANGELES EDUCATION PARTNERSHIP
    1055 W 7TH STREET 200
    LOS ANGELES,CA90017     		  501 ( C ) 3 GENERAL 500
    LOS ANGELES ORTHOPAEDIC HOSPITAL
    2400 SO FLOWER STREET
    LOS ANGELES,CA90007     		  501 ( C ) 3 GENERAL 1,000
    MACPHAIL CENTER FOR THE ARTS
    501 SOUTH SECOND ST
    MINNEAPOLIS,MN55401     		  501 ( C ) 3 GENERAL 2,500
    MAYO FOUNDATION
    200 FIRST STREET SW
    ROCHESTER,MN55905     		  501 ( C ) 3 GENERAL 1,000
    MAYO FOUNDATION
    200 FIRST STREET SW
    ROCHESTER,MN55905     		  501 ( C ) 3 GENERAL 1,000
    MAYO FOUNDATION
    200 FIRST STREET SW
    ROCHESTER,MN55905     		  501 ( C ) 3 GENERAL 3,000
    MILWAUKEE BALLET COMPANY
    504 WEST NATIONAL AVE
    MILWAUKEE,WI53204     		  501 ( C ) 3 GENERAL 1,000
    MILWAUKEE INSTITUTE OF ART & DESIGN
    273 EAST ERIE ST
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 500
    MINISTRIES OF AIDS INTERNATIONAL INC
    276 BROADWAY STE 2
    CHELSEA,MA02150     		  501 ( C ) 3 GENERAL 500
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 THIRD AVE S
    MINNEAPOLIS,MN55404     		  501 ( C ) 3 GENERAL 2,500
    MINNEAPOLIS POPS ORCHESTRA
    2712 41ST AVENUE S
    MINNEAPOLIS,MN55406     		  501 ( C ) 3 GENERAL 3,000
    MINNESOTA CENTER FOR ENVIRONMENTAL ADVOCA
    26 EAST EXCHANGE ST STE 206
    ST PAUL,MN55101     		  501 ( C ) 3 GENERAL 5,000
    MINNESOTA LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		  501 ( C ) 3 GENERAL 2,500
    MINNESOTA PUBLIC RADIO
    45 EAST SEVENTH STREET
    ST PAUL,MN55101     		  501 ( C ) 3 GENERAL 5,000
    MINNESOTA RECOVERY CONNECTION
    253 STATE STREET
    ST PAUL,MN55107     		  501 ( C ) 3 GENERAL 500
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BLVD
    APPLE VALLEY,MN55124     		  501 ( C ) 3 GENERAL 2,500
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BLVD
    APPLE VALLEY,MN55124     		  501 ( C ) 3 GENERAL 1,000
    MINNETONKA CENTER FOR THE ARTS
    2240 NORTH SHORE DRIVE
    WAYZATA,MN55391     		  501 ( C ) 3 GENERAL 2,500
    MUSIC IN THE PARK SERIES
    2255 DOSWELL AVE STE 201
    ST PAUL,MN55108     		  501 ( C ) 3 GENERAL 5,000
    MYOTONIC DYSTROPHY FOUNDATION
    10016 FOOTHILLS BLVD STE 130
    ROSEVILLE,CA95747     		  501 ( C ) 3 GENERAL 500
    MYOTONIC DYSTROPHY FOUNDATION
    10016 FOOTHILLS BLVD STE 130
    ROSEVILLE,CA95747     		  501 ( C ) 3 GENERAL 50,000
    MYOTONIC DYSTROPHY FOUNDATION
    10016 FOOTHILLS BLVD STE 130
    ROSEVILLE,CA95747     		  501 ( C ) 3 GENERAL 1,000
    MYOTONIC DYSTROPHY FOUNDATION
    10016 FOOTHILLS BLVD STE 130
    ROSEVILLE,CA95747     		  501 ( C ) 3 GENERAL 1,000
    MYOTONIC DYSTROPHY FOUNDATION
    10016 FOOTHILLS BLVD STE 130
    ROSEVILLE,CA95747     		  501 ( C ) 3 GENERAL 250
    MYOTONIC DYSTROPHY FOUNDATION
    10016 FOOTHILLS BLVD STE 130
    ROSEVILLE,CA95747     		  501 ( C ) 3 GENERAL 2,500
    NARAL PRO-CHOICE MINNESOTA FOUNDATION
    550 RICE STREET
    ST PAUL,MN55103     		  501 ( C ) 3 GENERAL 5,000
    NARSAD
    60 CUTTER MILL RD STE 404
    GREAT NECK,NY11021     		  501 ( C ) 3 GENERAL 5,000
    NATIONAL AUDUBON SOCIETY - MN CHAPTER
    PO BOX 41543
    PHILADELPHIA,PA19101     		  501 ( C ) 3 GENERAL 500
    NATIONAL OSTEOPOROSIS FOUNDATION
    1150 17TH STREET NW STE 850
    WASHINGTON,DC20036     		  501 ( C ) 3 GENERAL 500
    NATIONAL WILDLIFE FEDERATION
    PO BOX 1637
    MERRIFIELD,VA22116     		  501 ( C ) 3 GENERAL 500
    NAT'L ASSOC OF URBAN DEBATE LEAGUES
    332 S MICHIGAN AVE STE 500
    CHICAGO,IL60604     		  501 ( C ) 3 GENERAL 10,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		` 501 ( C ) 3 GENERAL 10,000
    NATURE CONSERVANCY - MD
    5410 GROSVENOR LANE STE 100
    BETHESDA,MD20814     		  501 ( C ) 3 GENERAL 500
    NEEDFUL PROVISION INC
    PO BOX 159
    TAHLEQUAH,OK74465     		  501 ( C ) 3 GENERAL 22,000
    NEW MARLBOROUGH LAND TRUST
    PO BOX 275
    SOUTHFIELD,MA01259     		  501 ( C ) 3 GENERAL 500
    NEW MARLBOROUGH-EMERGENCY SERVICE FD
    PO BOX 260
    SOUTHFIELD,MA01259     		  501 ( C ) 3 GENERAL 1,000
    NEW YORK PUBLIC LIBRARY
    476 FIFTH AVENUE
    NEW YORK,NY10018     		  501 ( C ) 3 GENERAL 500
    NORTHERN CLAY CENTER
    2424 FRANKLIN AVE E
    MINNEAPOLIS,MN55406     		  501 ( C ) 3 GENERAL 15,000
    OLYMPIC TIMBER TOWN INC
    PO BOX 1395
    PORT ANGELES,WA98362     		  501 ( C ) 3 GENERAL 20,000
    OLYMPIC TIMBER TOWN INC
    PO BOX 1395
    PORT ANGELES,WA98362     		  501 ( C ) 3 GENERAL 20,000
    ORANGE COUNTY LAND TRUST
    PO BOX 2442
    MIDDLETOWN,NY10940     		  501 ( C ) 3 GENERAL 1,000
    OREGON CHILDREN'S FDN
    219 NW 12TH AVE STE 203
    PORTLAND,OR97209     		  501 ( C ) 3 GENERAL 1,000
    OREGON PUBLIC BROADCASTING
    7140 SW MACADAM AVE
    PORTLAND,OR97219     		  501 ( C ) 3 GENERAL 1,500
    OVERLAKE SCHOOL
    20301 NE 108TH STREET
    REDMOND,WA98053     		  501 ( C ) 3 GENERAL 500
    PARK SQUARE THEATRE
    408 ST PETER STREET
    ST PAUL,MN55102     		  501 ( C ) 3 GENERAL 15,000
    PARKS AND TRAILS COUNCIL OF MINNESOTA
    275 EAST 4TH STREET STE 642
    ST PAUL,MN55101     		  501 ( C ) 3 GENERAL 2,500
    PENUMBRA THEATRE COMPANY
    270 N KENT STREET
    ST PAUL,MN55102     		  501 ( C ) 3 GENERAL 20,000
    PIERCE HALL AT THE CHILDREN'S PLACE
    PO BOX 2102
    ALBANY,NY12220     		  501 ( C ) 3 GENERAL 1,000
    PLANNED PARENTHOOD
    1200 LAGOON AVE
    MINNEAPOLIS,MN55408     		  501 ( C ) 3 GENERAL 2,500
    PLANNED PARENTHOOD OF NORTH TEXAS
    7424 GREENVILLE AVE STE 206
    DALLAS,TX75231     		  501 ( C ) 3 GENERAL 2,500
    POLICE ATHLETIC LEAGUE INC
    PO BOX 333
    NEW YORK,NY10211     		  501 ( C ) 3 GENERAL 500
    PRESBYTERIAN COMMUNITIES AND SERVICES FDN
    550 E ANN ARBOR
    DALLAS,TX75216     		  501 ( C ) 3 GENERAL 1,000
    PROJECT FOR PRIDE IN LIVING
    1035 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		  501 ( C ) 3 GENERAL 2,500
    PROSPECT PARK ALLIANCE
    95 PROSPECT PARK WEST
    BROOKLYN,NY11215     		  501 ( C ) 3 GENERAL 10,000
    PUBLIC ALLIES
    611 N BROADWAY STE 415
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 250
    PUBLIC ALLIES
    611 N BROADWAY STE 415
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 250
    RAILS-TO-TRAILS CONSERVANCY
    2121 WARD COURT NW 5TH FLOOR
    WASHINGTON,DC20037     		  501 ( C ) 3 GENERAL 500
    RAINFOREST ACTION NETWORK
    221 PINE STREET 500
    SAN FRANCISCO,CA94104     		  501 ( C ) 3 GENERAL 4,000
    READ GLOBAL
    901 E STREET NW STE 710
    WASHINGTON,DC20006     		  501 ( C ) 3 GENERAL 4,000
    REBUILD RESOURCES INC
    602 PRIOR AVE N
    ST PAUL,MN55104     		  501 ( C ) 3 GENERAL 500
    RENAISSANCE THEATERWORKS
    158 N BROADWAY
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 100
    RESEARCH INSTITUTE FOR SUSTAINABILITY EDU
    4060 CARLOCK DR
    BOULDER,CO80305     		  501 ( C ) 3 GENERAL 1,000
    RESTLESS LEGS SYNDROME FOUNDATION INC
    1610 14TH STREET NW STE 300
    ROCHESTER,MN55901     		  501 ( C ) 3 GENERAL 1,000
    RHODE ISLAND SCHOOL OF DESIGN
    TWO COLLEGE STREET
    PROVIDENCE,RI02903     		  501 ( C ) 3 GENERAL 500
    RIDGEVIEW FOUNDATION
    125 WEST MAIN ST
    WACONIA,MN55387     		  501 ( C ) 3 GENERAL 1,000
    ROCHESTER ART CENTER
    40 CIVIC CENTER DRIVE SE
    ROCHESTER,MN55904     		  501 ( C ) 3 GENERAL 1,000
    SCENIC HUDSON INC
    ONE CIVIC CENTER PLAZA STE 200
    POUGHKEEPSIE,NY12601     		  501 ( C ) 3 GENERAL 1,000
    SCHUBERT CLUB
    75 W FIFTH STREET
    ST PAUL,MN55102     		  501 ( C ) 3 GENERAL 10,000
    SEATTLE CHILDREN'S HOSPITAL FOUNDATION
    PO BOX 50020
    SEATTLE,WA98145     		  501 ( C ) 3 GENERAL 3,000
    SIMPSON HOUSING SERVICES
    2100 PILLSBURY AVE S
    MINNEAPOLIS,MN55404     		  501 ( C ) 3 GENERAL 2,000
    SOCIETY FOR THE BLIND
    1238 S STREET
    SACRAMENTO,CA95811     		  501 ( C ) 3 GENERAL 1,000
    SOCIETY OF SAINT JOHN THE EVANGELIST
    980 MEMORIAL DRIVE
    CAMBRIDGE,MA02138     		  501 ( C ) 3 GENERAL 35,000
    SOUTHSIDE FAMILY SCHOOL
    4500 CLINTON AVE S
    MINNEAPOLIS,MN55419     		  501 ( C ) 3 GENERAL 25,000
    SOUTHSIDE FAMILY SCHOOL
    4500 CLINTON AVE S
    MINNEAPOLIS,MN55419     		  501 ( C ) 3 GENERAL 3,850
    SOUTHSIDE FAMILY SCHOOL
    4500 CLINTON AVE S
    MINNEAPOLIS,MN55419     		  501 ( C ) 3 GENERAL 2,000
    SOUTHSIDE FAMILY SCHOOL
    4500 CLINTON AVE S
    MINNEAPOLIS,MN55419     		  501 ( C ) 3 GENERAL 1,000
    SOUTHSIDE FAMILY SCHOOL
    4500 CLINTON AVE S
    MINNEAPOLIS,MN55419     		  501 ( C ) 3 GENERAL 5,000
    SOUTHWESTERN MEDICAL FOUNDATION
    2305 CEDAR SPRINGS ROAD STE 150
    DALLAS,TX75201     		  501 ( C ) 3 GENERAL 1,000
    SPECIAL OLYMPICS
    1133 19TH STREET NW
    WASHINGTON,DC20036     		  501 ( C ) 3 GENERAL 1,000
    ST ANDREW'S SCHOOL
    601 PENN WALLER RD
    SAVANNAH,GA31410     		  501 ( C ) 3 GENERAL 1,600
    ST CECILIA CATHOLIC CHURCH
    1310 MADISON AVE N
    BAINBRIDGE ISLAND,WA98110     		  501 ( C ) 3 GENERAL 2,000
    ST CECILIA CATHOLIC CHURCH
    1310 MADISON AVE N
    BAINBRIDGE ISLAND,WA98110     		  501 ( C ) 3 GENERAL 500
    ST CROIX PREPARATORY ACADEMY
    4260 STAGECOACH TRAIL N
    STILLWATER,MN55082     		  501 ( C ) 3 GENERAL 25,000
    ST JOHN'S HOSPITAL & HEALTH CENTER FDN
    1328 TWENTY SECOND STREET
    SANTA MONICA,CA90404     		  501 ( C ) 3 GENERAL 1,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		  501 ( C ) 3 GENERAL 1,000
    ST MICHAEL AND ALL ANGELS EPISCOPAL CH
    8011 DOUGLAS AT COLGATE
    DALLAS,TX75225     		  501 ( C ) 3 GENERAL 15,000
    ST PAUL ACADEMY & SUMMIT SCHOOL
    1712 RANDOLPH AVE
    ST PAUL,MN55105     		  501 ( C ) 3 GENERAL 1,000
    ST PAUL ACADEMY & SUMMIT SCHOOL
    1712 RANDOLPH AVE
    ST PAUL,MN55105     		  501 ( C ) 3 GENERAL 300
    ST THOMAS THE APOSTLE CHURCH
    6525 INWOOD ROAD
    DALLAS,TX75209     		  501 ( C ) 3 GENERAL 5,000
    SUMMIT ACADEMY OIC
    935 OLSON MEMORIAL HIGHWAY
    MINNEAPOLIS,MN55405     		  501 ( C ) 3 GENERAL 20,000
    SUMMIT ACADEMY OIC
    935 OLSON MEMORIAL HIGHWAY
    MINNEAPOLIS,MN55405     		  501 ( C ) 3 GENERAL 25,000
    TEMPLE EMANU-EL
    8500 HILLCREST ROAD
    DALLAS,TX75225     		  501 ( C ) 3 GENERAL 3,000
    TEN CHIMNEYS FOUNDATION INC
    PO BOX 225
    GENESEE DEPOT,WI53127     		  501 ( C ) 3 GENERAL 1,000
    TEN CHIMNEYS FOUNDATION INC
    PO BOX 225
    GENESEE DEPOT,WI53127     		  501 ( C ) 3 GENERAL 4,250
    THE GENERAL THEOLOGICAL SEMINARY
    175 NINTH AVENUE
    NEW YORK,NY10011     		  501 ( C ) 3 GENERAL 65,000
    THE READING CENTER
    847 5TH STREET NW
    ROCHESTER,MN55901     		  501 ( C ) 3 GENERAL 500
    THE RETREAT IN WAYZATA
    1221 WAYZATA BLVD EAST
    WAYZATA,MN55391     		  501 ( C ) 3 GENERAL 1,000
    THE WOMEN'S FUND
    316 N MILWAUKEE STREET STE 215
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 100
    THEATREWORKS USA
    151 W 26 ST
    NEW YORK,NY10001     		  501 ( C ) 3 GENERAL 500
    THIRTEENWNET
    450 W 33RD ST
    NEW YORK,NY10001     		  501 ( C ) 3 GENERAL 500
    TOWER THEATRE FOUNDATION
    PO BOX 1378
    BEND,OR97709     		  501 ( C ) 3 GENERAL 5,000
    TOWN SCHOOL
    540 E 76 STREET
    NEW YORK,NY10021     		  501 ( C ) 3 GENERAL 500
    TREY MCINTYRE PROJECT
    PO BOX 2698
    BOISE,ID83701     		  501 ( C ) 3 GENERAL 1,500
    TRIANGLE COMMUNITY FOUNDATION
    324 BLACKWELL STREET STE 1220
    DURHAM,NC27701     		  501 ( C ) 3 GENERAL 300
    TROUT UNLIMITED
    PO BOX 327
    BOZEMAN,MT59771     		  501 ( C ) 3 GENERAL 3,000
    TUXEDO PARK LIBRARY
    227 ROUTE 17
    TUXEDO PARK,NY10987     		  501 ( C ) 3 GENERAL 1,000
    TWIN CITIES RISE
    800 WASHINGTON AVE N STE 203
    MINNEAPOLIS,MN55401     		  501 ( C ) 3 GENERAL 2,500
    US IAS MEMBERS' TRUST
    1311 N NEW HAMPSHIRE AVE
    LOS ANGELES,CA90027     		  501 ( C ) 3 GENERAL 10,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02238     		  501 ( C ) 3 GENERAL 4,000
    UNITED PERFORMING ARTS FUND
    929 N WATER STREET 4
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 500
    UNITED WAY OF KING COUNTY
    720 SECOND AVE
    SEATTLE,WA98104     		  501 ( C ) 3 GENERAL 1,000
    UNIVERSITY OF MISSISSIPPI FOUNDATION
    PO BOX 249
    UNIVERSITY,MS38677     		  501 ( C ) 3 GENERAL 500
    UNIVERSITY OF MN-CLARA H UELAND FUND
    101 PLEASANT STREET SE
    MINNEAPOLIS,MN55455     		  501 ( C ) 3 GENERAL 2,500
    UNIVERSITY OF TEXAS AT AUSTIN
    PO BOX 358
    SAN ANTONIO,TX78292     		  501 ( C ) 3 GENERAL 1,000
    VETERANS PARK CONSERVANCY
    11661 SAN VICENTE BLVD STE 204
    LOS ANGELES,CA90049     		  501 ( C ) 3 GENERAL 500
    VIDEO ASSOCIATION OF DALLAS
    4329 BELMONT AVE
    DALLAS,TX75204     		  501 ( C ) 3 GENERAL 1,000
    VIRGINIA MASON FOUNDATION
    PO BOX 1930
    SEATTLE,WA98111     		  501 ( C ) 3 GENERAL 3,000
    VOCALESSENCE WITNESS SCHOOL PROGRAM
    1900 NICOLLET AVE
    MINNEAPOLIS,MN55403     		  501 ( C ) 3 GENERAL 10,000
    WILD SPACE DANCE INC
    820 E KNAPP
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 2,500
    WILD SPACE DANCE INC
    820 E KNAPP
    MILWAUKEE,WI53202     		  501 ( C ) 3 GENERAL 100
    WILDLIFE REHABILITATION CENTER OF MN
    2530 DALE STREET
    ROSEVILLE,MN55113     		  501 ( C ) 3 GENERAL 10,000
    WMHT EDUCATIONAL TELECOMMUNICATIONS
    4 GLOBAL VIEW
    TROY,NY12180     		  501 ( C ) 3 GENERAL 500
    WOODLAND PATTERN BOOK CENTER INC
    720 E LOCUST ST
    MILWAUKEE,WI53212     		  501 ( C ) 3 GENERAL 500
    WORLD POPULATION BALANCE
    PO BOX 23472
    MINNEAPOLIS,MN55423     		  501 ( C ) 3 GENERAL 5,000
    WORLD WILDLIFE FUND
    1250 TWENTY-FOURTH ST NW
    WASHINGTON,DC20077     		  501 ( C ) 3 GENERAL 500
    WORLDWATCH INSTITUTE
    1776 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		  501 ( C ) 3 GENERAL 4,000
    YOUTH SERVICE BUREAU INC
    7064 W POINT DOUGLAS RD S
    COTTAGE GROVE,MN55016     		  501 ( C ) 3 GENERAL 500
    YWCA OF METROPOLITAN DALLAS
    4144 N CENTRAL EXPRESSWAY STE 580
    DALLAS,TX75204     		  501 ( C ) 3 GENERAL 1,500
    Total .................................bullet 3a 1,128,952
    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 17,402  
    4 Dividends and interest from securities....     14 187,198  
    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..... 531110 17,422 18 21,005  
    8Gain or (loss) from sales of assets other than inventory     18 716,846  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aSTATE TAX REFUND     01 15,313  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 17,422 957,764 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13975,186
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    GREYSTONE FOUNDATION
     
    Employer identification number

    41-6027765
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    GREYSTONE FOUNDATION
          		Employer identification number

    41-6027765
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    RICHARD F MCCARTHY CHAR LEAD TR
     

         
    201 S PHILLIPS AVE STE 209
       
    SIOUX FALLS, SD   57104

    		$257,774




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
    SHEILA H HERBERT ESTATE
     

         
    201 S PHILLIPS AVE STE 209
       
    SIOUX FALLS, SD   57104

    		$159,659




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
    PAUL BROOKS CRU
     

         
    201 S PHILLIPS AVE STE 209
       
    SIOUX FALLS, SD   57104

    		$52,045




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    4
     
     

    BARCLAY PERRY    
    201 S PHILLIPS AVE STE 209
       
    SIOUX FALLS, SD   57104

    		$6,438




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    5
    STANLEY B GREGORY TRUST
     

         
    201 S PHILLIPS AVE STE 209
       
    SIOUX FALLS, SD   57104

    		$94,982




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    6
    SHELDON V AND CARROLL C BROOKS FOUNDATION
     

         
    201 S PHILLIPS AVE STE 209
       
    SIOUX FALLS, SD   57104

    		$425,370




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    GREYSTONE FOUNDATION
          		Employer identification number

    41-6027765
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 100 SHARES OF DAVITA STOCK   $6,438 2010-08-26
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    GREYSTONE FOUNDATION
          		Employer identification number

    41-6027765
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC ACCT FEES 11,100 5,550   5,550

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INST MULTI-STRATEGY BOND FUND 2,413,661 2,752,474

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INST MULTI-STRATEGY EQUITY FD 4,947,253 6,134,243
    RAMIUS MULTI-STRATEGY FOF LTD 0 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GS CORE PLUS RE INCOME FD AT COST 17,729 31,956
    GS DISTRESSED OPPORTUNITY FD AT COST 114,343 152,672
    WHITEHALL STREET GLOBAL PTRS AT COST 56,037 130,045
    GS INSTITUTIONAL FUND MMKT AT COST 5,051 5,051

    TY 2010 OtherExpensesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN FILING FEE 25 0   25


    TY 2010 OtherIncomeSchedule2
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP OTHER INCOME 14,514 14,514 14,514
    PARTNERSHIP ORDINARY INCOME -4,057 0 -4,057
    PARTNERSHIP 1231 GAINS 11,445 0 11,445
    PARTNERSHIP RENTAL LOSS-UBIT -2,662 0 -2,662
    PARTNERSHIP LT CAP GAIN-UBIT 12,696 0 12,696
    PARTNERSHIP 1231 LOSSES -77 -77 -77
    PARTNERSHIP RENTAL LOSS -698 -698 -698
    PARTNERSHIP ORDINARY INCOME 7,266 7,266 7,266
    STATE TAX REFUND 15,313   15,313


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SAWMILL MANAGEMENT FEE 28,816 20,171   8,645
    MANAGEMENT FEES 31,415 31,368   0
    OTHER PORTFOLIO EXPENSE 34,462 34,462   0


    TY 2010 TaxesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN: 41-6027765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 87 57   0