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
NORWIN S AND ELIZABETH N BEAN
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 326   Room/suite
City or town, state, and ZIP code
MANCHESTER, NH031050326
A Employer identification number

02-6013381
B Telephone number (see page 10 of the instructions)

(603) 625-6464
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$11,915,702J 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 22,520 22,520 22,520
4 Dividends and interest from securities...... 69,503 69,503 69,503
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -111,285
b Gross sales price for all assets on line 6a 4,306,712
7 Capital gain net income (from Part IV, line 2)...  
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 426   426
12 Total. Add lines 1 through 11........ -18,836 92,023 92,449
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 13,000 7,800   5,200
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 9,322 5,593   3,729
c Other professional fees (attach schedule).... Click to see attachment 102,944 61,767 24,697 41,177
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,913 4,913 4,913  
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 8,107 4,865   3,242
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 138,286 84,938 29,610 53,348
25 Contributions, gifts, grants paid........ 399,538 399,538
26 Total expenses and disbursements. Add lines 24 and 25 537,824 84,938 29,610 452,886
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -556,660
b Net investment income (if negative, enter -0-) 7,085
c Adjusted net income (if negative, enter -0-)... 62,839
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.......... 454,555 623,418 623,418
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)........ 9,159,018 Click to see attachment8,470,406 10,214,012
c Investments—corporate bonds (attach schedule)........ 941,932 Click to see attachment835,021 828,272
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment180,000 Click to see attachment250,000 Click to see attachment250,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,735,505 10,178,845 11,915,702
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
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 10,735,505 10,178,845
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,735,505 10,178,845
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,735,505 10,178,845
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 10,735,505
2 Enter amount from Part I, line 27a...................... 2 -556,660
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 10,178,845
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 10,178,845
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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 445,041 10,306,172 0.043182
2008 639,856 11,846,630 0.054012
2007 778,272 14,009,002 0.055555
2006 820,230 13,443,396 0.061014
2005 541,211 13,043,330 0.041493
2 Total of line 1, column (d) ...................... 2 0.255256
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 0.051051
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 11,466,211
5 Multiply line 4 by line 3....................... 5 585,362
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 71
7 Add lines 5 and 6......................... 7 585,433
8 Enter qualifying distributions from Part XII, line 4.............. 8 452,886
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 1 142
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............................ 3 142
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- ..... 5 142
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4,000
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 4,000
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 3,858
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet3,858 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.BEANFOUNDATION.ORG
    14
    The books are in care ofbulletTHOMAS J DONOVAN Telephone no.bullet (603) 625-6464
    Located atbullet900 ELM STREETMANCHESTERNH ZIP+4bullet30105-0326
    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
    WILLIAM G STEELE JRClick to see attachment TRUSTEE
    0.00     		2,500 0 0
    40 MARKET ST
    MANCHESTER,NH03101
    THOMAS J DONOVANClick to see attachment TRUSTEE
    0.00     		2,500 0 0
    900 ELM ST
    MANCHESTER,NH03101
    SELMA NACCACH-HOFFClick to see attachment TRUSTEE
    0.00     		2,500 0 0
    207 LOWELL ST
    MANCHESTER,NH03104
    SUSAN STITTClick to see attachment TRUSTEE
    0.00     		3,000 0 0
    21 WILLIAMSBURG DR
    AMHERST,NH03031
    DAVID SCANNELLClick to see attachment TRUSTEE
    0.00     		2,500 0 0
    838 MAPLE ST
    MANCHESTER,NH03104
    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
    10,851,836
    b
    Average of monthly cash balances.......................
    1b
    538,987
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    250,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,640,823
    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
    11,640,823
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    174,612
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,466,211
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    573,311
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    573,311
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    142
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    142
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    573,169
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    573,169
    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
    573,169
    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
    452,886
    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
    452,886
    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
    452,886
    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 7 573,169
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 231,697
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 452,886
    a Applied to 2009, but not more than line 2a 231,697
    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..... 221,189
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		351,980
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    NORWIN S AND ELIZABETH N BEAN FDN
    40 STARK STREET
    MANCHESTER,NH03101
    (603) 493-7257
    bThe form in which applications should be submitted and information and materials they should include:
    IN ALL CASES APPLICATIONS SHOULD INCLUDE: A COMPLETED BEAN FOUNDATION APPLICATION COVER SHEET. A NARRATIVE WHICH EXPLAINS THE PURPOSE OF THE PROJECT AND DESCRIBES HOW THAT PURPOSE WILL BE ACCOMPLISHED. ITEMIZED INCOME AND EXPENSE BUDGET FOR THE PROJECT INDICATING KNOWN AND PROJECTED SOURCES OF FINANCIAL SUPPORT. LAST AVAILABLE FINANCIAL STATEMENT (PREFERABLY AUDITED) AND CURRENT YEAR'S OPERATING BUDGET FOR THE ORGANIZATION. LISTING OF THE BOARD OF DIRECTORS WITH THEIR PROFESSIONAL AFFILIATIONS. ORGANIZATION'S INTERNAL REVENUE SERVICE EXEMPTION LETTER. BE SURE THE FEDERAL IDENTIFICATION NUMBER IS INCLUDED
    cAny submission deadlines:
    APPLICATION DEADLINE (POSTMARKED BY) GRANTMAKING MEETING DECEMBER 1 FEBRUARY APRIL 1 JUNE SEPTEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICATIONS ARE ACCEPTED FROM NONPROFIT 501(C)3 ORGANIZATIONS AND MUNICIPAL AND PUBLIC AGENCIES SERVING THE COMMUNITIES OF MANCHESTER AND AMHERST, NEW HAMPSHIRE. PRIORITY CONSIDERATION IS GIVEN TO ORGANIZATIONS OPERATING PRIMARILY IN THOSE TWO COMMUNITIES. HOWEVER, THE FOUNDATION WILL CONSIDER APPLICATIONS FROM STATEWIDE OR REGIONAL ORGANIZATIONS WHICH PROVIDE A SUBSTANTIAL AND DOCUMENTED LEVEL OF SERVICE TO MANCHESTER AND AMHERST. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR PROVIDE SCHOLARSHIP AID. IT ALSO WILL NOT FUND PROGRAMS OR ACTIVITIES WHICH HAVE ALREADY TAKEN PLACE.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN FRIENDS SERVICE
    4 PARK STREET
    CONCORD,NH03301     		    TO MAINTAIN AND EXPAND COMMUNITY EMP 10,000
    ANDY'S SUMMER PLAYHOUSE
    PO BOX 601
    WILTON,NH03086     		    TO REPAIR ROOF ON HISTORIC BUILDING 2,500
    BONNIE CLAC
    250 COMMERICAL STREET SU
    MANCHESTER,NH03101     		    TO SUPPORT EFFORTS TO ENGAGE MANCHES 9,000
    BREAKTHROUGH MANCHESTER
    2109 RIVER ROAD
    MANCHESTER,NH03104     		    TO EXPEND THE HS PROGRAM COORDINATOR 10,000
    CAMP ALLEN
    59 CAMP ROAD
    BEDFORD,NH03110     		    TO SUPPORT THE 1.9 MILLION CAPITAL C 13,000
    CHILD AND FAMILY SERVICES
    PO BOX 448
    MANCHESTER,NH03105     		    TO RECRUIT, TRAIN AND SUPPORT 10 NEW 18,000
    CURRIER MUSEUM OF ART
    150 ASH STREET
    MANCHESTER,NH03104     		    TO SUPPORT PROGRAMS RELATED TO THE J 5,000
    ENGLISH FOR NEW AMERICANS
    508 UNION STREET
    MANCHESTER,NH03104     		    TO SUPPORT CLASSES IN ENGLISH, BASIC 20,000
    FRIENDS FOREVER INC
    31 RAYNES AVENUE 10
    PORTSMOUTH,NH03801     		    TO SUPPORT LEADERSHIP PROGRAM FOR MU 15,000
    GRANITE STATE ORGANIZING
    383 BEECH STREET
    MANCHESTER,NH03103     		    TO IDENTIFY, TRAIN AND DEVELOP GRASS 15,000
    HISTORICAL SOCIETY OF AMH
    ONE OLD JAILHOUSE ROAD
    AMHERST,NH03031     		    TO SUPPORT THE CONSERVATION & DIGITI 4,500
    HOLY CROSS FAMILY LEARNIN
    454 ISLAND POND ROAD
    MANCHESTER,NH03109     		    TO FUND HIRING ADMIN SUPPORT 17,500
    INTI SOCCER ACADEMY
    34 NORTH ADAMS STREET
    MANCHESTER,NH03104     		    TO SUPPORT THE OPERATION & DEVELOPME 10,000
    LEGAL ADVICE AND REFERRAL
    48 SOUTH MAIN STREET
    CONCORD,NH03301     		    TO FUND A LEGALE CLINCIL TO COUNSEL 10,000
    MANCHESTER HEALTH DEPARTM
    1528 ELM STREET
    MANCHESTER,NH03101     		    TO SUPPORT DEVVELOPMENT OF A STRATEG 15,000
    MENTAL HEALTH CENTER OF G
    401 CYPRESS STREET
    MANCHESTER,NH03103     		    TO MAKE NATUROPATHIC MEDICINE ACCESS 5,000
    MY TURN INC
    201 LOWELL STREET
    MANCHESTER,NH03104     		    TO PROVIDE MORE ROBUST ACADEMIC COMP 5,000
    NEW HAMPSHIRE CENTER FOR
    24 HAMMOND STREET
    CONCORD,NH03301     		    TO SUPPORT CREATION OF THE NH BOARD 10,000
    NEW HAMPSHIRE INSTITUTE O
    148 CONCORD STREET
    MANCHESTER,NH03104     		    TO CREATE AND ART LAB IN THE LOWER L 7,500
    NEW HAMPSHIRE MINORITY HE
    25 LOWELL STREET
    MANCHESTER,NH03101     		    TO SUPPORT THE BRIGHT STAR VISITING 15,000
    NEW HAMPSHIRE PUBIC RADIO
    2 PILLSBURY STREET
    CONCORD,NH03301     		    18TH MONTH PROJECT TO EXPLORE PAST, 5,000
    NH CATHOLIC CHARITIES (FI
    62 WEST BROOK STREET
    MANCHESTER,NH03101     		    TO SUPPORT THE PURCHASE AND OUTFITTI 45,000
    NH COLLEGE & UNIVERSITY C
    3 BARRELL COURT SUITE 10
    CONCORD,NH03301     		    TO SUPPORT THE CUSTOMIZED STATE SCHO 20,000
    NH COMMUNITY LOAD FUND
    7 WALL STREET
    CONCORD,NH03301     		    TO SUPPORT A PILOT PROGRAM THAT WILL 20,000
    NH MINORITY HEALTH COALIT
    4 PARK STREET SUTIE 215
    CONCORD,NH03301     		    TO SUPPORT ITS WORK WITH IMMIGRANTS 16,000
    SALVATION ARMY
    121 CEDAR STREET
    MANCHESTER,NH03101     		    TO SUPPORT DEVELOPMENT OF THE YOUTH 16,000
    SHARE OUTREACH
    ONE COLUMBUS AVENUE
    MILFORD,NH03055     		    TO PURCHASE DATABASE SOFTWARE 12,600
    SOUTHEGAN VALLEY TRANSPOR
    PO BOX 753
    HOLLIS,NH03049     		    TO CONTINUE TO PROVIDE WHEELCHAIR AC 3,000
    TOWN OF AMHERST - LIBRARY
    14 MAIN STREET
    AMHERST,NH03031     		    TO REPLACE THE CARPET IN THE LOWER 6,000
    UNH COOPERATIVE EXTENSION
    57 COLLEGE ROAD
    DURHAM,NH03824     		    TO SUPPORT A PILOT VOLUNTEER COORNIN 15,000
    UNITED WAY OF GREATER NAS
    20 BROAD STREET
    NASHUA,NH03064     		    FOR A SUPPORT OF ITS YOUTH VENTURE P 3,000
    WOMEN FOR WOMEN COALITION
    510 CHESTNUT STREET
    MANCHESTER,NH03101     		    TO SUPPORT AFRICANS UNITED FOR STRON 15,413
    YMCA FAMILY EDUCATION COL
    72 CONCORD STREET
    MANCHESTER,NH03101     		    TO PROVIDE SUPPORT FOR ADMINISTRATIO 5,525
    Total .................................bullet 3a 399,538
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 22,520  
    4 Dividends and interest from securities....     14 69,503  
    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         -111,285
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aOTHER         426
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   92,023 -110,859
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-18,836
    (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:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VACHON CLUKAY & CO PC 9,322 5,593   3,729

    TY 2010 CompensationExplanation
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Person Name Explanation
    WILLIAM G STEELE JR  
    THOMAS J DONOVAN  
    SELMA NACCACH-HOFF  
    SUSAN STITT  
    DAVID SCANNELL  

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

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    GOLDMAN SACHS 010-12188-7 2009-01 PURCHASE 2010-06   852,786 1,068,583     -215,797  
    GOLDMAN SACHS 010-12188-7 2010-01 PURCHASE 2010-06   476,342 482,000     -5,658  
    GOLDMAN SACHS 010-45698-6 2009-01 PURCHASE 2010-06   254,446 262,564     -8,118  
    GOLDMAN SACHS 010-45698-6 2010-01 PURCHASE 2010-06   45,625 49,421     -3,796  
    GOLDMAN SACHS 010-45902-2 2010-01 PURCHASE 2010-06   2,483,574 2,394,858     88,716  
    GOLDMAN SACHS 010-61023-6 2009-01 PURCHASE 2010-06   174,028 141,983     32,045  
    GOLDMAN SACHS 010-61023-6 2010-01 PURCHASE 2010-06   19,911 18,588     1,323  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY FINANCE CORP 4.12    
    GENERAL ELECTRIC JAPAN 191,000 199,988
    LOUISIANA LAND & EXPLORE CO. 7.625 114,021 111,127
    RABOBANK NEDERLAND LINKED TO TOPIX 230,000 238,277
    BNP PARIBAS 0.0% 09/22/2011 300,000 278,880
    BNP PARIBAS 0.0% 02/27/2012    

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,004 COMCAST CORPORATION CL A    
    1,179 OSTERREICHISCHE ELEKTRIZITATS    
    1,379 TURKCELL ILETISIM HIZMETLERI    
    112 RESEARCH IN MOTION    
    2,656 DEUTSCHE BOERSE AG    
    209 EOG RESOURCES INC    
    227 FRANKLIN RESOURCES INC    
    379 CHINA LIFE INSURANCE CO LTD    
    389 HEWLETT PACKARD CO    
    4,178 NATIONAL BK GREECE SA    
    441 TARGET CORP    
    465 UNILEVER NV NY SHS    
    516 ROCHE HLDG AG ADR B    
    537 AT&T INC    
    771 CSL LTD    
    861 INESA SANPAOLO    
    941 NOKIA CORP    
    AFLAC INCORPORATED-402 SHS 17,854 22,685
    AMERICA MOVIL SA SPON ADR-374 SHS 21,450 21,445
    AMOSKEAG INDUSTRIES, CAPITAL-100 SHS 2,250 7,000
    APPLE COMPUTER INC-87 SHS 12,548 28,063
    ARM HOLDINGS PLC SPON ADR-753 SHS 5,505 15,625
    ASSA ALBOY AB UNSPONSORED ADR-1360 18,721 19,168
    BANK OF AMERICA CORP-849 SHS 13,430 11,326
    BANK OF NEW YORK MELLON CORP-602 SHS 17,672 18,180
    BAXTER INTERNATIONAL INC-447 SHS 23,930 22,627
    BG GROUP PLC-259 SHS 21,921 26,277
    BIOGEN IDEC INC-219 SHS 10,344 14,684
    BNP PARIBAS LINKED TO EUROSTOXX-200 198,800 197,777
    BNP PARIBAS SPON ADR-900 SHS 33,283 28,741
    BOEING COMPANY-293 SHS 15,552 19,121
    BRITISH SKY BROADCASTING GROUP-450 13,434 20,742
    CANADIAN NATIONAL RAILWAY CO-441 SHS 25,044 29,313
    CANADIAN NATIONAL RESOURCES-484 SHS 14,284 21,499
    CANON INC ADR-524 SHS 19,975 26,902
    CARNIVAL CORPORATION-949 SHS 40,730 43,758
    CHARLES SCHWAB CORPORATION-855 SHS 15,482 14,629
    CHINA MERCHANTS HOLDINGS-583 SHS 19,696 23,024
    CISCO SYSTEMS, INC-978 SHS 19,398 19,785
    CNOOC LTD-129 SHS 18,254 30,750
    COCA COLA HELLENIC BOTTLE CO-445 SHS 16,224 11,525
    COSTCO WHOLESALE CORPORATION-326 SHS 14,995 23,540
    DASSAULT SYSTEMS-207 SHS 10,788 15,668
    EKSPORTFINANS ASA-100 SHS 100,000 138,532
    EKSPORTFINANS ASA-75 SHS 75,292 65,671
    EMERSON ELECTRIC CO-362 SHS 11,418 20,696
    EMPRESA BRASILEIRA DE AERONA-765 SHS 25,537 22,491
    EXXONMOBIL CORP-182 SHS 13,413 13,308
    FANUC LTD JAPAN ADR-1053 SHS 12,863 27,037
    FL SMIDTH & CO-1759 SHS 9,666 16,846
    FREEPORT-MCMORAN COPPER & GOLD-152 8,163 18,254
    FRESENIUS MEDICAL CARE AG-482 SHS 19,321 27,807
    GAZPROM ADR-640 SHS 26,678 16,000
    GENERAL ELECTRIC CO - 1120 SHS 18,870 20,485
    GENERAL MILLS INC-398 SHS 14,626 14,165
    GOOGLE INC CLASS A-37 SHS 17,797 21,977
    GS CONCENTRATED GROWTH MU-39404 SHS 370,000 519,340
    GS EMERGING MARKETS EQ-12129 SHS 266,863 219,658
    DYNAMIC EQUITY MANAGERS: PORTFOLIO 2 750,000 1,115,292
    GS GLOBAL MGR STRATEGIES APLHA + II   23,492
    GS HEDGE FUND PORTFOLIO PLC SERIES 6 1,000,000 1,429,308
    GS HEDGE PORFOLIO II PLC SERIES 4 500,000 613,390
    GS LARGE CAP VALUE-53964 SHS 388,000 636,234
    GS LOCAL EMERGING MKTS DEBT FD-5302 50,000 50,477
    GS QUANTITATIVE & ACTIVE DIRECT 1,000,000 908,063
    GS SMALL CAP VALUE-7729 SHS 272,966 305,219
    GS STRATEGIC GROWTH-94155 SHS 805,918 956,606
    HANG LUNG PPTYS LTD-762 SHS 12,360 17,816
    HENNES & MAURITZ AB-4868 SHS 26,024 32,440
    HONEYWELL INTL INC-484 SHS 16,435 25,729
    HONG KONG EXCH & CLEARING-1029 SHS 8,497 23,337
    INDUSTRIAL & COMMERICAL BANK-1317 SH 17,201 19,618
    INFOSYS TECHNOLOGIES-203 SHS 5,453 15,444
    ISHARES MSCI EAF ETF-6724 SHS 499,158 391,471
    ISHARES RUSSELL 2000 INDEX-5943 SHS 421,940 464,980
    ITAU UNIBANCO BANCO MULTIPLO-744 SHS 11,428 17,863
    JOHNSON & JOHNSON-330 SHS 20,075 20,411
    JP MORGAN CHASE & CO-508 SHS 18,980 21,549
    KINGFISHING PLC-3539 SHS 30,141 29,190
    KOMATSU LTD-1121 SHS 19,927 33,960
    LAFARGE SA SPON ADR-1396 SHS 23,688 21,967
    LOGITECH INTERNATIONAL-1297 SHS 28,715 24,059
    LOWES COMPANIES-696 SHS 14,734 17,456
    LULUEMON ATHLETICA INC-144 SHS 6,038 9,852
    LVMH MOET HENNESSY LOUIS VUITT-1142 12,595 37,719
    MAN GROUP PLC ADR-4272 SHS 15,539 19,796
    MCDONALDS CORP-154 SHS 9,855 11,821
    MICROSOFT CORP-748 SHS 18,243 20,877
    MITSUBISHI UFJ FINL GRP INC-3836 SHS 23,916 20,753
    NESTLE S. A.-517 SHS 19,585 30,367
    NEW ORIENTAL ED & TECH GROUP-164 SHS 12,292 17,258
    NIKE INC B-212 SHS 13,668 18,109
    NOVARTIS AG-601 SHS 31,255 35,429
    NOVO-NORDISK-310 SHS 12,344 34,897
    OCCIDENTAL PETROLEUM CORPORATION-300 18,559 29,430
    ORACLE CORPORATION-634 SHS 12,257 19,844
    PEPSICO, INC-426 SHS 22,049 27,831
    POTASH CORP OF SASKATCHEWAN-122 SHS 12,168 18,889
    PRAXAIR INC-140 SHS 5,580 13,366
    PROCTOR & GAMBLE CO-253 SHS 12,981 16,275
    PUBLICIS GROUPE SA SPON ADR-799 SHS 17,492 20,902
    QUALCOMM INC-495 SHS 19,523 24,498
    RABOBANK NEDERLAND, UTRECHT-163 SHS 163,000 171,955
    RECKITT BENCKISER GROUP-3023 SHS 26,922 33,368
    SABMILLER PLC SPON-535 SHS 13,490 18,901
    SAP AKGSLTT-833 SHS 38,798 42,158
    SCHLUMBERGER LTD-739 SHS 37,515 61,707
    SMITH & NEPHEW PLC-369 SHS 18,868 19,391
    SOUTHERN COPPER CORP-314 SHS 7,862 15,304
    SOUTHWESTERN ENERGY CO-285 SHS 9,890 10,668
    STAPLES INC-998 SHS 23,008 22,724
    TELEFONICA SA-418 SHS 29,669 28,599
    TENCENT HOLDINGS LTD-676 SHS 13,684 14,687
    TESCO PLC-1645 SHS 32,592 32,837
    TEVA PHARMACEUTICAL INDUSTRIES-765 26,553 39,879
    THE TRAVLERS COMPANIES INC-346 SHS 16,009 19,276
    THERMO FISHER SCIENTIFIC INC-316 SHS 14,469 17,494
    TOYOTA MOTOR CORPORATION-379 SHS 37,530 29,801
    TURKIYE GARANTI BANKASKI AS-4832 SHS 22,241 24,551
    VESTAS WIND SYSTEMS A/S-1224 SHS 35,429 12,922
    VISA INC-197 SHS 10,857 13,865
    VOLKSWAGEN AG WOLFSBURG-541 SHS 11,718 17,682
    WAL-MART DE MEXICO-938 SHS 10,652 26,838

    TY 2010 OtherAssetsSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NOTE RECEIVABLE NH COMMUNITY LOAN 180,000 250,000 250,000


    TY 2010 OtherExpensesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    TRUSTEE INSURANCE & BONDING 2,756 1,654   1,102
    MEMBERSHIPS 1,450 870   580
    PROBATE COURT AND OTHER FILIN 280 168   112
    COPY ROOM 1,210 726   484
    WEB SERVICES & INTERNET 1,805 1,083   722
    MISCELLANEOUS 606 364   242


    TY 2010 OtherIncomeSchedule2
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER 426   426


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MCLANE, GRAF, RAULERSON & MIDDLE 17,531 10,519   7,012
    GRANT MANAGER & EXPENSES 44,252 26,551   17,701
    INVESTMENT FEES 41,161 24,697 24,697 16,464


    TY 2010 TaxesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON DIVIDENDS 3,844 3,844 3,844  
    ADR FEES 1,069 1,069 1,069