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
TWIN TREES FOUNDATIONINC
 

Number and street (or P.O. box number if mail is not delivered to street address)5983 SE MOURNING DOVE WAY   Room/suite
City or town, state, and ZIP code
HOBE SOUND, FL33455
A Employer identification number

91-2092293
B Telephone number (see page 10 of the instructions)

(772) 546-3548
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$659,472J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 25,280 25,280  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,040
b Gross sales price for all assets on line 6a 96,864
7 Capital gain net income (from Part IV, line 2)... 4,040
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........ 29,320 29,320  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,475     2,475
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 528      
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 3,314 2,931   383
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,317 2,931   2,858
25 Contributions, gifts, grants paid........ 28,500 28,500
26 Total expenses and disbursements. Add lines 24 and 25 34,817 2,931   31,358
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,497
b Net investment income (if negative, enter -0-) 26,389
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............... 5,697 8,166 8,166
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 72,833 Click to see attachment70,501 72,602
b Investments—corporate stock (attach schedule)........ 68,469 Click to see attachment71,625 77,768
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 424,109 Click to see attachment414,511 500,158
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment164 Click to see attachment778 Click to see attachment778
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 571,272 565,581 659,472
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) Click to see attachment194  
23 Total liabilities (add lines 17 through 22).......... 194 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 571,078 565,581
30 Total net assets or fund balances (see page 17 of the
instructions).................... 571,078 565,581
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 571,272 565,581
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)............... 1 571,078
2 Enter amount from Part I, line 27a...................... 2 -5,497
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 565,581
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.. 6 565,581
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 3 SH AMGEN INC P 2009-10-27 2010-07-27
b 2 SH BURLINGTON NTHN SANTA FE CORP P 2009-01-12 2010-01-05
c 5 SH GILEAD SCIENCES INC P 2010-01-22 2010-02-19
d 3 SH JPMORGAN CHASE & CO P 2010-03-25 2010-06-15
e 2 SH VIACOM INC NEW CL B P 2009-03-24 2010-01-14
1 SH ACE LTD CHF P 2008-10-23 2010-07-27
1 SH AFLAC INC P 2008-11-06 2010-12-17
8 SH BANK OF AMERICA CORP P 2009-08-17 2010-10-28
3 SH CHEVRON CORP P 2006-10-24 2010-08-26
5 SH COMCAST CORP NEW CL A P 2007-09-13 2010-11-18
1 SH EOG RESOURCES INC P 2008-09-18 2010-01-05
1 SH FORTUNE BRANDS INC P 2006-12-21 2010-12-17
4 SH INTERPUBLIC GROUP OF COS INC P 2007-11-06 2010-10-07
4 SH INTERPUBLIC GROUP OF COS INC P 2007-12-06 2010-10-07
28 SH INTERPUBLIC GROUP OF COS INC P 2007-12-05 2010-10-06
9 SH MARATHON OIL CORP P 2008-03-11 2010-08-24
2 SH MICROSOFT CORP P 2008-03-13 2010-10-06
1 SH OMNICOM GROUP INC P 2003-03-18 2010-01-14
2 SH PACCAR INC P 2009-01-12 2010-11-30
2 SH PEABODY ENERGY CORP P 2008-10-01 2010-10-06
2 SH PRINCIPAL FINANCIAL GROUP INC P 2008-02-05 2010-12-20
2000 SH TSY NOTE 5% DUE P 2005-07-29 2010-01-29
1 SH VMWARE INC CL A P 2008-10-29 2010-04-14
5 SH ANANDARKO PETROLEUM CORP P 2010-06-29 2010-10-06
10 SH DOW CHEMICAL P 2010-07-21 2010-10-25
5 SH H&R BLOCK INC P 2010-03-26 2010-07-20
3 SH MEDCO HEALTH SOLUTIONS INC P 2009-01-12 2010-01-06
1 SH VIACOM INC NEW CL B P 2009-03-25 2010-01-14
1 SH ACE LTD CHF P 2008-10-27 2010-07-27
2 SH AMGEN INC P 2008-09-09 2010-07-29
15 SH BANK OF AMERICA CORP P 2009-08-17 2010-10-27
4 SH CHEVRON CORP P 2006-10-25 2010-08-25
5 SH COMCAST CORP NEW CL A P 2007-09-14 2010-11-18
3 SH EXELON CORP P 2008-09-10 2010-11-09
I SH FORTUNE BRANDS INC P 2007-01-04 2010-12-17
4 SH INTERPUBLIC GROUP OF COS INC P 2007-11-07 2010-12-07
4 SH INTERPUBLIC GROUP OF COS INC P 2007-12-06 2010-10-08
2 SH JPMORGAN CHASE & CO P 2009-05-12 2010-12-20
5 SH MEDCO HEALTH SOLUTIONS INC P 2005-01-14 2010-01-06
22 SH MICROSOFT CORP P 2009-01-12 2010-10-06
5 SH OMNICOM GROUP INC P 2003-03-18 2010-01-15
1 SH PACCAR INC P 2007-10-23 2010-11-29
2 SH PEABODY ENERGY CORP P 2009-01-08 2010-10-06
1 SH PRINCIPAL FINANCIAL GROUP INC P 2008-02-06 2010-12-20
2000 US TSY NOTE 5% DUE P 2005-07-29 2010-03-31
2 SH VMWARE INC CL A P 2008-11-05 2010-04-14
5 SH ANANDARKO PETROLEUM CORP P 2010-06-30 2010-10-06
11 SH DOW CHEMICAL P 2010-07-22 2010-10-25
5 SH H&R BLOCK INC P 2010-03-31 2010-07-19
2 SH MONSANTO CO NEW P 2009-10-09 2010-09-16
5 SH VIACOM INC NEW CL B P 2009-04-02 2010-01-14
1 SH ACE LTD CHF P 2008-10-28 2010-07-27
1 SH AMGEN INC P 2008-10-31 2010-07-29
13 SH BANK OF AMERICA CORP P 2009-08-13 2010-10-26
1 SH CHEVRON CORP P 2006-10-25 2010-08-24
4 SH COMCAST CORP NEW CL A P 2007-09-17 2010-11-19
2 SH EXELON CORP P 2008-09-11 2010-11-08
1 SH FORTUNE BRANDS INC P 2007-01-09 2010-12-17
1 SH INTERPUBLIC GROUP OF COS INC P 2007-11-08 2010-12-07
3 SH INTERPUBLIC GROUP OF COS INC P 2007-12-07 2010-10-08
514.14 SH LORD ABBETT BOND DEBENTURE P 2003-05-28 2010-10-22
2 SH MEDCO HEALTH SOLUTIONS INC P 2005-01-04 2010-01-05
7 SH MICROSOFT CORP P 2008-03-11 2010-08-26
1 SH OMNICOM GROUP INC P 2009-01-12 2010-01-19
1 SH PACCAR INC P 2008-01-30 2010-11-29
2 SH PEABODY ENERGY CORP P 2009-01-09 2010-10-06
1 SH PRINCIPAL FINANCIAL GROUP INC P 2008-03-19 2010-12-20
4000 US TSY NOTE 5% DUE P 2006-05-31 2010-03-31
1 SH COVIDIEN PLC P 2008-04-24 2010-01-21
2 SH AOL INC P 2009-10-21 2010-01-05
3 SH DOW CHEMICAL P 2010-07-22 2010-10-22
5 SH H&R BLOCK INC P 2010-04-01 2010-07-15
5 SH QUALCOMM INC P 2009-10-29 2010-01-14
2 SH VIACOM INC NEW CL B P 2009-04-03 2010-01-14
1 SH ACE LTF CHF P 2008-08-01 2010-07-22
1 SH AMGEN INC P 2008-09-10 2010-02-27
2 SH BANK OF AMERICA CORP P 2009-08-17 2010-10-26
1 SH CHEVRON CORP P 2006-10-26 2010-08-24
1 SH COMCAST CORP NEW CL A P 2007-09-18 2010-11-19
1 SH EXELON CORP P 2008-09-12 2010-11-04
1 SH FORTUNE BRANDS INC P 2007-01-12 2010-12-17
1 SH INTERPUBLIC GROUP OF COS INC P 2007-11-12 2010-10-07
1 SH INTERPUBLIC GROUP OF COS INC P 2007-12-10 2010-10-08
320 SH LORD ABBET SMALL CAP BLEND FU P 2004-02-25 2010-10-22
1 SH MEDTRONIC INC P 2006-08-03 2010-05-24
3 SH MICROSOFT CORP P 2008-03-13 2010-08-25
9 SH OMNICOM GROUP INC P 2008-12-18 2010-01-14
1 SH PACCAR INC P 2008-01-25 2010-11-29
1 SH PEABODY ENERGY CORP P 2009-01-12 2010-10-06
360.38 SH UBS GLOBAL ALLOCATION FUND P 2003-02-06 2010-10-22
1 SH VMWARE INC CL A P 2008-10-23 2010-04-21
3 SH BALL CORP P 2010-01-26 2010-10-08
7 SH DOW CHEMICAL P 2010-10-06 2010-10-22
5 SH H&R BLOCK INC P 2010-04-09 2010-07-13
26 SH SOUTHWEST AIRLINES CO P 2009-10-09 2010-10-06
3 SH WALMART STORES INC P 2009-09-02 2010-01-19
1 SH ACE LTD CHF P 2008-10-24 2010-07-22
1 SH AMGEN INC P 2008-10-31 2010-07-27
2 SH BANK OF AMERICA CORP P 2009-08-13 2010-10-25
1 SH CHEVRON CORP P 2006-10-30 2010-08-25
1 SH COMCAST CORP NEW CL A P 2007-10-26 2010-11-19
2 SH EXELON CORP P 2008-09-15 2010-11-08
1 SH FORTUNE BRANDS INC P 2007-01-19 2010-12-17
2 SH INTERPUBLIC GROUP OF COS INC P 2007-11-14 2010-10-07
3 SH INTERPUBLIC GROUP OF COS INC P 2008-01-15 2010-12-08
11.86 SH LORD ABBETT SMALL CAP BLEND P 2004-05-14 2010-10-22
1 SH MEDTRONIC INC P 2008-10-23 2010-05-24
13 SH MICROSOFT CORP P 2008-03-11 2010-08-25
3 SH PACCAR INC P 2007-08-28 2010-12-22
1 SH PACCAR INC P 2008-01-24 2010-11-29
6 SH PEABODY ENERGY CORP P 2009-01-12 2010-10-06
385.67 SH UBS GLOBAL ALLOCATION FUND P 2003-03-06 2010-10-22
3 SH VMWARE INC CL A P 2008-10-03 2010-04-20
3 SH BALL CORP P 2010-01-22 2010-10-06
3 SH EOG RESOURCES INC P 2009-10-09 2010-08-02
4 SH INTERPUBLIC GROUP OF COS P 2010-01-14 2010-12-10
5 SH UNITEDHEALTH GROUP INC P 2009-01-05 2010-01-21
6 SH WALMART STORES INC P 2009-10-09 2010-01-19
3 SH ACE LTD CHF P 2009-01-12 2010-07-22
1 SH AUTODESK INC P 2009-10-12 2010-12-09
13 SH BANK OF AMERICA CORP P 2009-08-14 2010-10-25
1 SH CEVRON CORP P 2006-11-20 2010-06-08
1 SH COVIDIEN PLC P 2008-01-01 2010-01-21
1 SH EXELON CORP P 2008-09-16 2010-11-08
1 SH FORTUNE BRANDS INC P 2007-01-26 2010-12-20
3 SH INTERPUBLIC GROUP OF COS INC P 2007-11-15 2010-10-07
2 SH INTERPUBLIC GROUP OF COS INC P 2008-01-16 2010-12-08
4 SH MARATHON OIL CORP P 2008-03-07 2010-08-26
1 SH MEDTRONIC INC P 2008-10-30 2010-05-24
7 SH MICROSOFT CORP P 2008-03-12 2010-08-25
2 SH PACCAR INC P 2007-08-28 2010-12-20
1 SH PACCAR INC P 2008-01-29 2010-11-23
1 SH PEABODY ENERGY CORP P 2007-07-25 2010-01-14
1000 SH UNITED STATES TREAS BOND 5.3 P 2007-04-30 2010-07-30
2 SH VMWARE INC CL A P 2008-10-06 2010-04-20
2 SH BALL CORP P 2010-01-26 2010-10-06
1 SH EOG RESOURCES INC P 2009-10-09 2010-07-30
11 SH INTERPUBLIC GROUP OF COS INC P 2010-01-15 2010-12-10
2 SH VIACOM INC NEW CL B P 2009-03-19 2010-01-19
7 SH WALMART STORES INC P 2009-09-02 2010-01-15
1 SH ACE LTD CHF P 2008-07-31 2010-07-21
4 SH AUTODESK INC P 2009-10-13 2010-12-09
2 SH BANK OF SMERICA CORP P 2009-08-14 2010-10-22
1 SH CHEVRON CORP P 2009-01-12 2010-05-12
2 SH COVIDIEN PLC P 2008-04-24 2010-05-06
1 SH EXELON CORP P 2008-09-22 2010-11-04
1 SH FORTUNE BRANDS INC P 2007-01-29 2010-12-20
1 SH INTERPUBLIC GROUP OF COS INC P 2007-11-16 2010-10-07
2 SH INTERPUBLIC GROUP OF COS INC P 2008-01-17 2010-12-08
1 SH MARATHON OIL CORP P 2009-01-12 2010-08-26
2 SH MEDTRONIC INC P 2006-05-15 2010-05-06
5 SH MICROSFT CORP P 2008-03-12 2010-08-24
1 SH PACCAR INC P 2008-10-23 2010-12-20
1 SH PACCAR INC P 2006-09-25 2010-10-15
2 SH PEABODY ENERGY CORP P 2007-07-26 2010-01-14
1000 SH UNITED STATES TREAS BOND P 2007-04-30 2010-02-26
2 SH VMWARE INC CL A P 2008-10-02 2010-04-16
2 SH BALL CORP P 2010-01-21 2010-06-23
3 SH EXELON CORP P 2010-01-14 2010-10-28
15 SH INTERPUBLIC GROUP OF COS INC P 2010-01-14 2010-12-09
3 SH VIACOM INC NEW CL B P 2009-03-20 2010-01-19
3 SH WALMART STORES INC P 2009-09-03 2010-01-15
1 SH ACE LTD CHF P 2008-08-04 2010-07-21
1 SH AUTODESK INC P 2009-10-13 2010-12-08
5 SH BANK OF AMERICA CORP P 2009-08-18 2010-10-22
2 SH CHEVRON CORP P 2009-01-12 2010-06-08
1 SH COVIDIEN PLC P 2008-04-28 2010-05-11
2 SH EXELON CORP P 2008-09-22 2010-10-28
1 SH FORTUNE BRANDS INC P 2007-01-31 2010-12-20
2 SH INTERPUBLIC GROUP OF COS INC P 2007-11-19 2010-10-07
1 SH INTERPUBLIC GROUP OF COS INC P 2007-12-07 2010-10-08
1 SH MARATHON OIL CORP P 2008-02-29 2010-08-25
1 SH MEDTRONIC INC P 2006-08-03 2010-05-06
1 SH MONSANTO CO NEW P 2009-06-01 2010-09-16
1 SH PACCAR INC P 2008-10-24 2010-12-17
1 SH PACCAR INC P 2006-10-03 2010-10-15
2 SH PEABODY ENERGY CORP P 2007-07-27 2010-01-14
3000 SH UNITED STATES TREAS BOND P 2005-02-11 2010-03-31
1 SH VMWARE INC CL A P 2008-10-03 2010-04-16
2 SH BALL CORP P 2010-01-22 2010-07-23
5 SH EXELON CORP P 2010-01-14 2010-10-25
1 SH INTERREPUBLIC GROUP OF COS INC P 2010-01-14 2010-12-08
4 SH VIACOM INC NEW CL B P 2009-03-30 2010-01-19
2 SH WALMART STORES INC P 2009-09-03 2010-01-14
1 SH ACE LTD CHF P 2008-08-05 2010-07-21
4 SH AUTODESK INC P 2009-10-14 2010-12-08
3 SH BANK OF AMERICA CORP P 2009-10-08 2010-10-22
2 SH CHEVRON CORP P 2009-05-29 2010-08-26
1 SH COVIDIEN PLC P 2008-04-30 2010-05-11
3 SH EXELON CORP P 2008-09-23 2010-11-04
1 SH FORTUNE BRANDS INC P 2008-01-14 2010-12-20
3 SH INTERPUBLIC GROUP OF COS P 2007-11-20 2010-10-08
2 SH INTERPUBLIC GROUP OF COS INC P 2007-11-26 2010-10-07
4 SH MARATHON OIL CORP P 2008-03-04 2010-08-25
1 SH MEDTRONIC INC P 2006-05-15 2010-01-22
2 SH MONSANTO CO NEW P 2009-06-18 2010-09-16
1 SH PACCAR INC P 2008-10-27 2010-12-20
1 SH PACCAR INC P 2007-10-25 2010-10-15
1 SH PEABODY ENERGY CORP P 2007-08-07 2010-01-14
2000 SH US TSY BOND 7.5% DUE P 2005-11-30 2010-03-31
1 SH VMWARE INC CL A P 2008-10-27 2010-04-16
3 SH BALL CORP P 2010-01-21 2010-06-09
2 SH GENZYME CORP GEN DIV P 2010-06-08 2010-10-14
5 SH INTUIT P 2010-04-13 2010-08-27
1 SH VIACOM INC NEW CL B P 2009-03-23 2010-01-05
3 SH WALMART STORES INC P 2009-09-04 2010-01-14
1 SH ACE LTD CHF P 2008-08-06 2010-07-21
5 SH AUTODESK INC P 2009-10-14 2010-12-07
4 SH BROADCOM CORP P 2009-02-06 2010-12-21
3 SH CHEVRON CORP P 2009-06-01 2010-08-24
1 SH COVIDIEN PLC P 2008-05-01 2010-05-11
2 SH EXELON CORP P 2009-01-12 2010-11-09
1 SH FORTUNE BRANDS INC P 2008-01-17 2010-12-20
2 SH INTERPUBLIC GROUP OF COS INC P 2007-11-20 2010-12-07
3 SH INTERPUBLUIC GROUP OF COS INC P 2007-11-05 2010-01-07
2 SH MARATHON OIL CORP P 2008-03-05 2010-08-25
2 SH MEDTRONIC INC P 2004-06-04 2010-01-21
2 SH MORGAN STANLEY P 2009-01-12 2010-03-26
1 SH PACCAR INC P 2008-10-28 2010-12-20
1 SH PACCAR INC P 2007-11-01 2010-10-15
1 SH PEABODY ENERGY CORP P 2007-07-31 2010-01-14
3000 SH US TSY NOTE 2.750% DUE P 2008-10-31 2010-12-31
1 SH VMWARE INC CL A P 2008-10-26 2010-04-16
20 SH BANK OF AMERICA P 2010-01-14 2010-10-22
5 SH GENZYME CORP GEN DIV P 2010-06-08 2010-10-06
5 SH INTUIT P 2010-04-14 2010-08-26
1 SH VIACOM INC NEW CL B P 2009-03-25 2010-01-15
1000 SH US TSY /90 BOND P 2009-11-30 2010-03-31
1 SH ACE LTD CHF P 2008-08-07 2010-07-21
1 SH BAKER HUGHES P 2008-03-20 2010-12-09
1 SH BROADCOM CORP P 2009-02-06 2010-12-08
1 SH CHEVRON CORP P 2009-06-02 2010-06-08
1 SH COVIDIEN PLC P 2008-05-02 2010-05-06
3 SH EXELON CORP P 2009-01-12 2010-11-10
2 SH FORTUNE BRANDS INC P 2009-01-12 2010-12-20
1 SH INTERPUBLIC GROUP OF COS INC P 2007-11-26 2010-10-07
2 SH INTERPUBLIC GROUP OF COS INC P 2007-11-12 2010-10-07
2 SH MARATHON OIL CORP P 2008-03-06 2010-08-25
1 SH MEDTRONIC INC P 2007-03-05 2010-01-22
19 SH MORGAN STANLEY P 2008-09-18 2010-03-25
1 SH PACCAR INC P 2008-10-29 2010-12-17
1 SH PACCAR INC P 2006-11-27 2010-10-14
1 SH PEABODY ENERGY CORP P 2007-08-01 2010-01-14
5000 SH TSY US NOTE 3.125% DUE P 2008-09-30 2010-03-31
3 SH VMWARE INC CL A P 2008-09-29 2010-04-15
7 SH BANK OF AMERICA P 2009-10-08 2010-06-15
2 SH GILEAD SCIENCES INC P 2010-01-21 2010-02-25
5 SH INTUIT P 2010-04-20 2010-08-25
3 SH VIACOM INC NEW CL B P 2009-03-26 2010-01-15
1000 SH US TSY /90 BOND P 2009-06-30 2010-01-29
2 SH AFLAC INC P 2008-11-06 2010-12-20
2 SH BAKER HUGHES P 2008-03-24 2010-12-09
2 SH BROADCOM CORP P 2009-02-09 2010-12-08
1 SH COMCAST CORP NEW CL A P 2007-09-10 2010-11-18
2 SH COVIDIEN PLC P 2008-05-05 2010-05-06
2 SH EXECLON CORP P 2009-05-13 2010-11-10
4 SH FORTUNE BRANDS INC P 2009-01-12 2010-12-21
1 SH INTERPUBLIC GROUP OF COS INC P 2007-11-30 2010-10-06
1 SH INTERPUBLIC GROUP OF COS INC P 2007-12-06 2010-10-08
2 SH MARATHON OIL CORP P 2008-03-10 2010-08-25
2 SH MEDTRONIC INC P 2004-05-04 2010-01-21
6 SH MORGAN STANLEY P 2009-01-12 2010-03-25
1 SH PACCAR INC P 2008-10-30 2010-12-17
1 SH PACCAR INC P 2006-11-28 2010-10-14
13 SH PFIZER INC P 2009-04-07 2010-06-09
1000 SH US TSY NOTE 4.5% DUE P 2009-06-01 2010-08-31
1 SH VMWARE INC CL A P 2008-10-01 2010-04-15
5 SH BANK OF AMERICA P 2009-10-09 2010-06-15
3 SH GILEAD SCIENCES INC P 2010-01-21 2010-02-23
5 SH INTUIT P 2010-04-16 2010-08-24
4 SH VIACOM INC NEW CL B P 2009-03-27 2010-01-15
1000 SH US TSY NOT 00.875 % P 2009-06-30 2010-01-29
2 SH AFLAC INC P 2008-08-07 2010-12-17
1 SH BAKER HUGHES P 2008-03-18 2010-12-07
2 SH BROADCOM CORP P 2009-02-09 2010-12-07
1 SH COMCAST CORP NEW CLA A P 2007-09-10 2010-11-19
2 SH COVIDIEN PLC P 2008-08-07 2010-01-21
1 SH FORTUNE BRANDS INC P 2006-12-12 2010-12-20
1 SH GENL DYNAMICS CORP P 2009-06-19 2010-11-29
3 SH INTERPUBLIC GROUP OF COS INC P 2007-12-03 2010-10-06
1 SH INTERPUBLIC GROUP OF COS INC P 2007-11-16 2010-10-07
3 SH MARATHON OIL CORP P 2008-02-28 2010-08-24
3 SH MEDTRONIC INC P 2007-10-15 2010-01-21
1 SH OMNICOM GROUP INC P 2009-01-12 2010-01-21
2 SH PACCAR INC P 2009-01-12 2010-12-17
1 SH PACCAR INC P 2006-11-30 2010-10-14
60 SH PFIZER INC P 2009-03-20 2010-06-09
4000 SH US TSY NOTE 4.750% DUE P 2008-06-30 2010-02-26
1 SH VMWARE INC CL A P 2008-11-06 2010-04-15
5 SH BANK OF AMERICA P 2009-10-09 2010-06-14
2 SH GILEAD SCIENCES INC P 2010-01-25 2010-02-23
2 SH JPMORGAN CHASE & CO P 2010-03-25 2010-12-20
2 SH VIACOM INC NEW CL B P 2009-03-30 2010-01-15
6000 SH US TSY NOTE 01.375 P 2009-04-30 2010-03-31
1 SH AFLAC INC P 2008-08-08 2010-12-17
3 SH BAKER HUGHES P 2008-03-19 2010-12-07
3 SH BROADCOM CORP P 2009-07-08 2010-12-07
3 SH COMCAST CORP NEW CLA P 2007-09-11 2010-11-18
3 SH EOG RESOURCES INC P 2006-07-12 2010-06-30
1 SH FORTUNE BRANDS INC P 2006-12-13 2010-12-20
4 SH GENL DYNAMICS CORP P 2009-10-09 2010-11-29
2 SH INTERPUBLIC GROUP OF COS INC P 2007-12-04 2010-10-06
3 SH INTERPUBLIC GROUP OF COS INC P 2007-12-03 2010-10-06
1 SH MARATHON OIL CORP P 2008-02-29 2010-08-24
12 SH MICROSOFT CORP P 2008-03-07 2010-10-06
5 SH OMNICOM GROUP INC P 2009-01-12 2010-01-20
3 SH PACCAR INC P 2009-01-12 2010-12-01
1 SH PACCAR INC P 2006-12-01 2010-10-14
20 SH PFIZER INC P 2009-04-07 2010-06-08
1000 SH TSY NOTE 4.875% DUE P 2007-11-30 2010-06-01
1 SH VMWARE INC CL A P 2008-09-22 2010-04-14
15 SH BANK OF AMERICA P 2009-10-09 2010-06-11
5 SH GILEAD SCIENCES INC P 2010-01-25 2010-02-22
2 SH JPMORGAN CHASE & CO P 2010-03-25 2010-12-17
4 SH VIACOM INC NEW CL B P 2009-03-31 2010-01-15
4000 US TREASURY NOTE 4.875% P 2010-01-29 2010-12-31
1 SH AFLAC INC P 2008-08-12 2010-12-12
1 SH BAKER HUGHES P 2008-03-26 2010-12-07
7 SH BURLINGTON NTHN SANTE FE CORP P 2003-02-13 2010-01-05
6 SH COMCAST CORP NEW CLA P 2007-09-12 2010-11-18
1 SH EOG RESOURCES INC P 2007-12-14 2010-06-30
1 SH FORTUNE BRANDS INC P 2006-12-15 2010-12-20
2 SH INTERPUBLIC GROUP OF COS INC P 2007-11-05 2010-10-07
9 SH INTERPUBLIC GROUP OF COS INC P 2007-12-05 2010-10-06
2 SH INTERPUBLIC GROUP OF COS INC P 2007-12-04 2010-10-06
3 SH MARATHON OIL CORP P 2008-03-03 2010-08-24
11 SH MICROSOFT CORP P 2008-03-10 2010-10-06
4 SH OMNICOM GROUP INC P 2003-03-19 2010-01-19
1 SH PACCAR INC P 2008-01-30 2010-11-30
1 SH PACCAR INC P 2006-12-04 2010-10-14
5 SH PFIZER INC P 2009-03-20 2010-05-26
1000 SH TSY NOTE 4.875% DUE P 2007-11-30 2010-11-30
1 SH VMWARE INC CL A P 2008-09-23 2010-04-14
(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 164   163 1
b 197   140 57
c 245   231 14
d 113   137 -24
e 60   37 23
53   46 7
56   45 11
92   133 -41
221   200 21
21   25 -4
98   91 7
61   83 -22
22   16 6
31   27 4
92   83 9
63   107 -44
49   57 -8
38   27 11
108   58 50
101   81 20
64   108 -44
2,138   2,091 47
57   28 29
286   184 102
315   256 59
73   88 -15
191   123 68
30   18 12
53   47 6
107   121 -14
173   249 -76
148   133 15
62   76 -14
122   164 -42
61   80 -19
22   16 6
10   9 1
80   71 9
127   42 85
535   428 107
189   136 53
54   50 4
101   52 49
32   54 -22
2,120   2,091 29
113   57 56
286   181 105
346   292 54
73   89 -16
114   151 -37
150   96 54
53   45 8
54   61 -7
147   218 -71
294   271 23
124   152 -28
81   99 -18
61   82 -21
11   8 3
31   27 4
4,000   4,087 -87
319   105 214
168   202 -34
38   27 11
54   46 8
101   54 47
32   54 -22
4,241   3,996 245
51     51
50   47 3
90   80 10
73   90 -17
242   211 31
60   39 21
53   51 2
55   62 -7
23   33 -10
73   67 6
103   126 -23
125   193 -68
61   83 -22
22   15 7
21   18 3
4,339   4,997 -658
41   45 -4
72   86 -14
344   249 95
54   47 7
101   51 50
3,623   3,370 253
58   20 38
180   152 28
211   202 9
73   91 -18
335   250 85
162   153 9
53   47 6
55   61 -6
22   34 -12
74   68 6
103   126 -23
83   109 -26
61   68 -7
33   23 10
41   37 4
161   178 -17
41   39 2
314   375 -61
171   48 123
54   46 8
304   146 158
3,877   3,768 109
169   70 99
181   153 28
306   268 38
44   29 15
168   157 11
324   299 25
159   143 16
38   25 13
146   219 -73
74   68 6
45   47 -2
83   130 -47
61   67 -6
22   16 6
10   9 1
91   154 -63
41   40 1
169   203 -34
113   32 81
54   46 8
49   43 6
1,226   1,072 154
113   42 71
120   101 19
100   89 11
122   78 44
60   33 27
376   356 20
53   51 2
152   100 52
23   34 -11
223   207 16
45   47 -2
83   134 -51
123   80 43
11   9 2
21   18 3
274   250 24
86   98 -12
121   145 -24
57   23 34
50   55 -5
97   83 14
1,129   1,072 57
114   50 64
113   102 11
123   148 -25
166   108 58
90   49 41
161   155 6
53   52 1
38   25 13
57   85 -28
71   69 2
45   47 -2
41   64 -23
61   83 -22
304   109 195
31   27 4
31   53 -22
43   45 -2
57   83 -26
57   23 34
50   57 -7
97   83 14
3,768   3,857 -89
57   23 34
113   102 11
207   246 -39
11   7 4
120   68 52
109   103 6
53   53  
150   100 50
34   52 -18
141   143 -2
92   95 -3
41   68 -27
61   85 -24
44   36 8
10   9 1
122   210 -88
44   49 -5
114   164 -50
57   23 34
50   54 -4
48   43 5
2,526   2,485 41
57   24 33
153   154 -1
145   95 50
213   175 38
30   18 12
163   155 8
53   53  
188   125 63
177   71 106
71   69 2
45   47 -2
41   69 -28
61   85 -24
11   9 2
21   18 3
61   107 -46
88   99 -11
58   38 20
57   23 34
50   54 -4
48   43 5
3,152   2,993 159
57   25 32
229   336 -107
358   238 120
214   175 39
30   18 12
1,383   1,451 -68
53   53  
53   66 -13
46   18 28
80   71 9
92   95 -3
123   204 -81
61   84 -23
22   18 4
10   9 1
61   105 -44
44   49 -5
559   373 186
57   26 31
50   64 -14
49   43 6
5,219   5,041 178
170   77 93
109   122 -13
94   91 3
212   177 35
88   55 33
1,408   1,412 -4
113   89 24
107   133 -26
92   36 56
20   25 -5
103   104 -1
82   137 -55
61   83 -22
11   9 2
41   36 5
31   52 -21
89   99 -10
176   115 61
57   28 29
50   65 -15
189   176 13
1,158   1,084 74
57   26 31
78   87 -9
142   137 5
215   177 38
118   71 47
1,006   997 9
112   109 3
55   69 -14
91   36 55
82   99 -17
103   107 -4
244   161 83
66   59 7
22   18 4
10   9 1
126   217 -91
133   148 -15
37   27 10
113   58 55
50   65 -15
870   822 48
4,437   4,240 197
57   26 31
78   87 -9
95   92 3
80   91 -11
59   34 25
6,042   5,999 43
56   55 1
164   205 -41
137   70 67
20   25 -5
300   210 90
61   82 -21
265   264 1
31   27 4
31   28 3
31   53 -22
292   333 -41
187   136 51
169   87 82
50   64 -14
290   271 19
1,086   1,063 23
57   29 28
233   262 -29
239   230 9
199   228 -29
118   70 48
4,264   4,365 -101
56   56  
55   69 -14
691   173 518
20   21 -1
100   89 11
61   83 -22
33   23 10
41   36 5
20   19 1
94   160 -66
267   309 -42
151   109 42
54   45 9
50   66 -16
76   68 8
1,071   1,063 8
57   29 28
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       1
b       57
c       14
d       -24
e       23
      7
      11
      -41
      21
      -4
      7
      -22
      6
      4
      9
      -44
      -8
      11
      50
      20
      -44
      47
      29
      102
      59
      -15
      68
      12
      6
      -14
      -76
      15
      -14
      -42
      -19
      6
      1
      9
      85
      107
      53
      4
      49
      -22
      29
      56
      105
      54
      -16
      -37
      54
      8
      -7
      -71
      23
      -28
      -18
      -21
      3
      4
      -87
      214
      -34
      11
      8
      47
      -22
      245
      51
      3
      10
      -17
      31
      21
      2
      -7
      -10
      6
      -23
      -68
      -22
      7
      3
      -658
      -4
      -14
      95
      7
      50
      253
      38
      28
      9
      -18
      85
      9
      6
      -6
      -12
      6
      -23
      -26
      -7
      10
      4
      -17
      2
      -61
      123
      8
      158
      109
      99
      28
      38
      15
      11
      25
      16
      13
      -73
      6
      -2
      -47
      -6
      6
      1
      -63
      1
      -34
      81
      8
      6
      154
      71
      19
      11
      44
      27
      20
      2
      52
      -11
      16
      -2
      -51
      43
      2
      3
      24
      -12
      -24
      34
      -5
      14
      57
      64
      11
      -25
      58
      41
      6
      1
      13
      -28
      2
      -2
      -23
      -22
      195
      4
      -22
      -2
      -26
      34
      -7
      14
      -89
      34
      11
      -39
      4
      52
      6
       
      50
      -18
      -2
      -3
      -27
      -24
      8
      1
      -88
      -5
      -50
      34
      -4
      5
      41
      33
      -1
      50
      38
      12
      8
       
      63
      106
      2
      -2
      -28
      -24
      2
      3
      -46
      -11
      20
      34
      -4
      5
      159
      32
      -107
      120
      39
      12
      -68
       
      -13
      28
      9
      -3
      -81
      -23
      4
      1
      -44
      -5
      186
      31
      -14
      6
      178
      93
      -13
      3
      35
      33
      -4
      24
      -26
      56
      -5
      -1
      -55
      -22
      2
      5
      -21
      -10
      61
      29
      -15
      13
      74
      31
      -9
      5
      38
      47
      9
      3
      -14
      55
      -17
      -4
      83
      7
      4
      1
      -91
      -15
      10
      55
      -15
      48
      197
      31
      -9
      3
      -11
      25
      43
      1
      -41
      67
      -5
      90
      -21
      1
      4
      3
      -22
      -41
      51
      82
      -14
      19
      23
      28
      -29
      9
      -29
      48
      -101
       
      -14
      518
      -1
      11
      -22
      10
      5
      1
      -66
      -42
      42
      9
      -16
      8
      8
      28
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 4,040
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 1,166
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 39,156 666,363 0.058761
2008 35,823 639,879 0.055984
2007 35,867 665,147 0.053923
2006 37,217 650,072 0.057251
2005 34,640 607,664 0.057005
2 Total of line 1, column (d) ...................... 2 0.282924
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 0.056585
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 627,193
5 Multiply line 4 by line 3....................... 5 35,490
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 264
7 Add lines 5 and 6......................... 7 35,754
8 Enter qualifying distributions from Part XII, line 4.............. 8 31,358
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 1 528
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............................ 3 528
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- ..... 5 528
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,306
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 1,306
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 10 778
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet778 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)bulletDE, FL
    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 ofbulletJ BRADFORD SCHWALM Telephone no.bullet (772) 546-3548
    Located atbullet5983 SE MOURNING DOVE WAYHOBE SOUNDFL ZIP+4bullet33455
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JOANN F SCHWALMClick to see attachment TREASURER
    0.50     		0 0 0
    5983 SE MOURNING DOVE WAY
    HOBE SOUND,FL33455
    J BRADFORD SCHWALMClick to see attachment SEC/DIRECTOR
    2.00     		0 0 0
    1121 W SCHUBERT AVE
    CHICAGO,IL60614
    MATSON F SCHWALMClick to see attachment DIRECTOR
    2.00     		0 0 0
    2620 N WAYNE AVE
    CHICAGO,IL60614
    DUGAN H SCHWALMClick to see attachment DIRECTOR
    0.50     		0 0 0
    2620 N WAYNE AVE
    CHICAGO,IL60614
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    620,858
    b
    Average of monthly cash balances.......................
    1b
    15,415
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    471
    d
    Total (add lines 1a, b, and c).........................
    1d
    636,744
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    636,744
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    9,551
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    627,193
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    31,360
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    31,360
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    528
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    528
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    30,832
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    30,832
    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
    30,832
    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
    31,358
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    31,358
    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
    31,358
    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 30,832
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 4,627
    b From 2006....... 5,519
    c From 2007....... 3,636
    d From 2008....... 4,445
    e From 2009....... 6,226
    fTotal of lines 3a through e......... 24,453
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 31,358
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 30,832
    e Remaining amount distributed out of corpus 526
    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 24,979
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		4,627
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		20,352
    10 Analysis of line 9:
    a Excess from 2006.... 5,519
    b Excess from 2007.... 3,636
    c Excess from 2008.... 4,445
    d Excess from 2009.... 6,226
    e Excess from 2010.... 526
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ANN & BILL BRESNAN FOUNDT
    ONE MANHATTANVILLE ROAD
    PURCHASE,NY105772596     		N/A 501(C)(3) RETURN OF PRIOR YEAR CONTRIBUTION -500
    MACSHERRY LIBRARY
    112 WALTON STREET
    ALEXANDRIA BAY,NY13607     		N/A 501(C)(3)PUB GENERAL SUPPORT 100
    HAMILTON COLLEGE
    198 COLLEGE HILL ROAD
    CLINTON,NY13323     		N/A 501(C)(3)PUB GENERAL SUPPORT 2,000
    VANDERBILT UNIVERSITY
    2301 VANDERBILT PLACE
    VU STATION B 357727
    NASHVILLE,TN372357727     		N/A 501(C)(3)PUB COLLEGE OF ARTS & SCIENCE 2,000
    GLENVIEW CLUB SCHOLARSHIP
    100 GOLF ROAD
    GOLF,IL600290309     		N/A PUBLIC GENERAL SUPPORT 250
    WATERSIDE SCHOOL
    535 FAIRFIELD AVE
    STAMFORD,CT06902     		N/A PUBLIC GENERAL SUPPORT 500
    HOBE SOUND COMMUNITY TRUS
    PO BOX 511
    HOBE SOUND,FL334750511     		N/A PUBLIC GENERAL SUPPORT 250
    WELLESLEY ISLAND FIRE DEP
    PO BOX 1125
    THOUSAND ISLAND PARK,NY13692     		N/A PUBLIC GENERAL SUPPORT 1,000
    SAVE THE RIVER
    409 RIVERSIDE DRIVE
    CLAYTON,NY13624     		N/A PUBLIC GENERAL SUPPORT 500
    ANTIQUE BOAT MUSEUM
    750 MARY STREET
    CLAYTON,NY13624     		N/A PUBLIC GENERAL SUPPORT 6,000
    RIVER HOSPITAL FOUNDATION
    PO BOX 567
    43861 NYS ROUTE 12
    ALEXANDRIA BAY,NY13607     		N/A PUBLIC GENERAL SUPPORT 250
    THOUSAND ISLANDS LAND TRU
    PO BOX 238
    CLAYTON,NY13624     		N/A PUBLIC GENERAL SUPPORT 250
    BRUNSWICK SCHOOL
    100 MAHER AVENUE
    GREENWICH,CT06830     		N/A PUBLIC GENERAL SUPPORT 1,000
    LINCOLN PARK ZOO
    PO BOX 14903
    CANNON DR AT FULLERTON PK
    CHICAGO,IL60614     		N/A 501(C)(3) PU GENERAL SUPPORT 1,000
    LOBLOLLYPOP FOUNDATION
    7407 SE HILL TER
    HOBE SOUND,FL33455     		N/A PUBLIC GENERAL SUPPORT 2,000
    NORTHERN NY COMMUNITY
    FOUNDATION
    HSBC BLDG SUITE 400
    120 WASHINGTON STREET
    WATERTOWN,NY13601     		N/A PUBLIC GENERAL SUPPORT 250
    NW CHILDRENS MEMORIAL HOS
    2300 CHILDRENS PLAZA
    CHICAGO,IL60614     		N/A PUBLIC CHILDRENS MEMORIAL HOSPITAL FUND 250
    SHEDD AQUARIUM
    1200 S LAKESHORE DR
    CHICAGO,IL60605     		N/A PUBLIC MAKING WAVES CAMPAIGN 1,000
    BOYS & GIRLS CLUB OF MART
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		N/A PUBLIC GENERAL SUPPORT 250
    ALLIANCE FOR LUPUS RESEAR
    28 WEST 44TH STREET
    SUITE 501
    NEW YORK,NY10036     		N/A PUBLIC GENERAL SUPPORT 100
    METRO SQUASH
    5655 S UNIVERSITY AVE
    CHICAGO,IL60637     		N/A PUBLIC GENERAL SUPPORT 100
    NORTHWESTERN MEMORIAL FOU
    676 NORTH ST CLAIR ST
    SUITE 2050
    CHICAGO,IL60611     		N/A PUBLIC MED CANCER RESEARCH GIFT FUND 250
    VANDERBILT UNIVERSITY
    2301 VANDERBILT PLACE
    VU STATION B 357727
    NASHVILLE,TN372357727     		N/A PUBLIC SCHOOL OF ENGINEERING 2,000
    CAMP MANITO-WISH
    PO BOX 246
    BOULDER JUNCTION,WI54512     		N/A PUBLIC GENERAL SUPPORT 200
    UNIVERSITY OF CHICAGO
    BOOTH SCHOOL OF BUSINESS
    5807 S WOODLAWN AVE
    CHICAGO,IL60637     		N/A PUBLIC GENERAL SUPPORT 1,000
    UNIV OF WISCONSIN FOUNDTN
    PO BOX 8860
    MADISON,WI537088860     		N/A PUBLIC DEPT OF HISTORY FUND 250
    THOUSAND ISLANDS PERFORMI
    PO BOX 123
    220 MERRICK STREET
    CLAYTON,NY13624     		N/A PUBLIC GENERAL SUPPORT 250
    UNITED WAY OF MARTIN COUN
    50 KINDRED STREET
    SUITE 207
    STUART,FL34995     		N/A PUBLIC GENERAL SUPPORT 250
    NORTHWESTERN MEMORIAL FDT
    676 NORTH ST CLAIR ST
    SUITE 2050
    CHICAGO,IL60611     		N/A PUBLIC PRENTICE WOMEN'S HOSPITAL CENTER 500
    CHURCH OF THE ST LAWRENCE
    7 FULLER STREET
    ALEXANDRIA BAY,NY13607     		N/A PUBLIC GENERAL SUPPORT 250
    SAINT CHRYSOSTOM'S EPISC
    1424 NORTH DEARBORN PKWAY
    CHICAGO,IL60610     		N/A PUBLIC GENERAL SUPPORT 500
    SAMARITAN FOUNDATION
    830 WASHINTON STREET
    WATERTOWN,NY13601     		N/A PUBLIC GENERAL SUPPORT 2,500
    SAMARITAN MEDICAL CENTER
    FOUNDATION
    830 WASHINGTON STREET
    WATERTOWN,NY13601     		N/A PUBLIC GENERAL SUPPORT 250
    THE VISION CENTER
    CHILDREN'S HOSPITAL
    4650 SUNSET BLVD
    LOS ANGELES,CA90027     		N/A PUBLIC GENERAL SUPPORT 500
    CHICAGO CHILDREN'S CHARIT
    1645 WEST ADDISON STREET
    UNIT 2
    CHICAGO,IL60613     		N/A PUBLIC GENERAL SUPPORT 1,000
    DENSMORE CHURCH
    PO BOX 571
    WELLESLEY ISLAND,NY13640     		N/A PUBLIC GENERAL SUPPORT 250
    Total .................................bullet 3a 28,500
    bApproved for future payment
    SAMARITAN FOUNDATION
    830 WASHINGTON STREET
    WATERTOWN,NY13601     		N/A PUBLIC GENERAL SUPPORT 7,500
    Total ..................................bullet 3b 7,500
    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 25,280  
    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         4,040
    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)..   25,280 4,040
    13Total. Add line 12, columns (b), (d), and (e)...................
    1329,320
    (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

    TY 2010 AccountingFeesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 2,475     2,475

    TY 2010 CompensationExplanation
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Person Name Explanation
    JOANN F SCHWALM  
    J BRADFORD SCHWALM  
    MATSON F SCHWALM  
    DUGAN H SCHWALM  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Name of Stock End of Year Book Value End of Year Fair Market Value
    8 SH BAKER HUGHES INC    
    10 SH MEDCO HEALTH SOLUTIONS    
    100 SH RAMCO-GERSHENSON PROPERTIES M 2,782 1,245
    103 SH INTERPUBLIC GROUP OF COS    
    112 SH WEINGARTEN REALTY INVESTORS 2,871 2,661
    12 SH MONSANTO CO    
    11 SH MONSANTO CO 761 766
    125 SH ISTAR FINANCIAL INC 5,064 978
    13 SH ACE LTD    
    14 SH HESS CORP 770 1,072
    16 SH ALLERGAN INC 565 1,099
    16 SH FEDEX CORP 1,224 1,488
    12 SH AMGEN INC 681 659
    18 SH NOBLE CORP    
    38 SH NOBLE CORP 1,133 1,359
    19 SH BAKER HUGHES INC 679 1,086
    19 SH FORTUNE BRANDS INC    
    19 SH ULTRA PETROLEUM CORP (CANADA)    
    24 SH ULTRA PETROLEUM CORP(CANADA) 1,050 1,146
    2 SH AOL INC    
    2 SH BURLINGTON NORTHERN SANTE FE    
    20 SH FIRSTENERGY CORP    
    25 SH FIRSTENERGY CORP 1,147 926
    18 SH AFLAC INC 795 1,016
    21 SH VMWARE INC    
    22 SH EXELON CORP    
    22 SH PEABODY ENERGY CORP    
    22 SH QUALCOMM INC    
    17 SH QUALCOMM INC 702 841
    23 SH RYDER SYSTEM INC 727 1,211
    24 SH UNITEDHEALTH GROUP INC    
    25 SH UNITED HEALTH GROUP INC 660 903
    24 SH WALMART STORES INC    
    33 SH AVON PRODUCTS 893 959
    32 SH BANK OF NEW YORK MELON CORP 893 966
    36 SH CARNIVAL CORP 1,482 1,660
    26 SH GENL DYNAMICS CORP    
    21 SH GENERAL DYNAMICS CORP 1,063 1,490
    26 SH OMNICOM GROUP    
    27 SH MORGAN STANLEY    
    27 SH PEPSICO INC 1,446 1,764
    29 SH HEWLETT PACKARD CO    
    31 SH HEWLETT PACKARD CO 1,167 1,305
    29 SH ILLINOIS TOOLWORKS INC 860 1,549
    18 SH BROADCOM CORP CL A 318 784
    31 SH TIME WARNER INC    
    47 SH TIME WARNER INC 1,366 1,512
    32 SH MARATHON OIL CORP    
    32 SH PRINCIPAL FINANCIAL GROUP INC    
    28 SH PRINCIPAL FINANCIAL GROUP INC 610 912
    33 SH MERCK & CO NEW 1,040 1,189
    33 SH PACCAR INC    
    34 SH VIACOM INC    
    35 SH AMERICAN ELECTRIC POWER 1,187 1,259
    36 SH PROCTER & GAMBLE CO 1,916 2,316
    24 SH AUTODESK INC 580 917
    40 SH MEDTRONIC INC    
    44 SH MEDTRONIC INC 1,506 1,632
    54 SH AT&T INC 1,425 1,587
    43 SH COVIDIEN PLC    
    30 SH COVIDIEN PLC 1,154 1,370
    43 SH KROGER COMPANY    
    58 SH KROGER CO 1,285 1,297
    45 SH JP MORGAN CHASE    
    43 SH JP MORGAN CHASE 1,479 1,824
    45 SH MARVELL TECHNOLOGY GROUP LTD 517 835
    64 SH WELLS FARGO & CO    
    74 SH WELLS FARGO & CO 1,862 2,293
    67 SH SOUTHWESTERN AIRLINES    
    41 SH SOUTHWEST AIRLINES 393 532
    8 SH APPLE INC 920 2,580
    7 SH BURLINGTON NTHN SANTA FE CORP    
    82 SH MICROSOFT CORP    
    9 SH CHEVRON CORP    
    9 SH EOG RESOURCES INC    
    95 SH BANK OF AMERICA CORP    
    95 SH COMCAST CORP    
    68 SH COMCAST CORP 1,174 1,494
    98 SH PFIZER INC    
    52 SH ADOBE SYSTEMS INC 1,397 1,601
    5 SH ALEXION PHARMACEUTICALS INC 338 403
    15 SH AMYLIN PHARMACEUTICALS INC 315 221
    12 SH APOLLO GROUP 602 474
    46 SH APPLIED MATERIALS INC 653 646
    14 SH BAXTER INTL INC 624 709
    55 SH BOSTON SCIENTIFIC CORP 384 416
    66 SH CISCO SYSTEMS INC 1,468 1,335
    186 SH CITIGROUP INC 870 880
    20 SH DOVER CORP 1,085 1,169
    48 SH EXXON MOBIL CORP 2,888 3,510
    25 SH GAMESTOP CORP 480 572
    30 SH GENERAL MOTORS CO 1,036 1,106
    9 SH GENZYME CORP 429 641
    8 SH GOLDMAN SACHS 1,287 1,345
    25 SH INTERNATIONAL GAME TECHNOLOGY 434 442
    34 SH JOHNSON CONTROLS INC 1,199 1,299
    22 SH KELLOGG CO 1,083 1,124
    57 SH LOWES COMPANIES INC 1,311 1,430
    20 SH METLIFE INC 811 889
    10 SH MORGAN STANLEY 267 272
    52 SH NATL SEMICONDUCTOR CORP 717 716
    12 SH RAYTHEON CO 647 556
    36 SH SEAGATE TECHNOLOGY PLC 477 541
    63 SH SYMANTEC CORP 883 1,055
    43 SH US BANCORP DEL 1,021 1,160
    11 SH VISA INC 772 774

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    US Government Securities - End of Year Book Value:

    70,501
    US Government Securities - End of Year Fair Market Value:

    72,602
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 InvestmentsOtherSchedule2
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    38949 SH CORPORATE PPTY ASSOCIATE AT COST 327,502 416,754
    750 SH CALAMOS CONV OP FD AT COST 11,594 9,885
    500 SH PIONEER HIGH INCOME TRUST AT COST 7,149 7,745
    882.896 FIRST EAGLE OVERSEAS FD CL A AT COST 18,561 20,000
    121.142 LORD ABBET SMALL CAP BLEND AT COST 4,346 1,838
    613.498 LORD ABBETT SMALL CAP BLEND AT COST    
    206.801 LORD ABBETT APLHA FD CLASS A AT COST 4,500 4,990
    1290.949 LORD ABBETT BD DEB FD CL A AT COST    
    2685.179 UBS GLOBAL ALLOC FD CL A AT COST    
    228.634 NUVEEN TRADEWINDS VALUE OPP AT COST 7,762 8,018
    433.778 LORD ABBET FLOATING RATE AT COST 4,043 4,047
    853.668 LORD ABBET BOND FUND CLASS A AT COST 6,179 6,667
    2025.500 UBS GLOBAL ALLOCATION CLASS AT COST 22,875 20,214

    TY 2010 OtherAssetsSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST PAID 164    
    PREPAID EXCISE TAX   778 778


    TY 2010 OtherExpensesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 2,931 2,931    
    ANNUAL DELAWARE CORPORATION F 25     25
    REGISTERED AGENT FEE 358     358


    TY 2010 OtherLiabilitiesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 194  


    TY 2010 TaxesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 528