TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
TELLABS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1415 WEST DIEHL ROAD NO MS 10 Room/suite

City or town, state, and ZIP code
NAPERVILLE, IL60563

A Employer identification number

36-4037547

B Telephone number (see page 10 of the instructions)

(630) 798-2506

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$25,430,887J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	740,776		740,776
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-77,390
b	Gross sales price for all assets on line 6a 14,056,798
7	Capital gain net income (from Part IV, line 2)...			0
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).......		-164,883	-164,883
12	Total. Add lines 1 through 11........	498,503		575,893
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		28,500	14,250	14,250
c	Other professional fees (attach schedule)....		129,140	129,140	0
17	Interest...............	9,180		9,180	0
18	Taxes (attach schedule) (see page 14 of the instructions)		11,917	11,917	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		2,054	2,054	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	180,791		166,541	14,250
25	Contributions, gifts, grants paid........	1,201,176			1,201,176
26	Total expenses and disbursements. Add lines 24 and 25	1,381,967		166,541	1,215,426
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-883,464
b	Net investment income (if negative, enter -0-)			409,352
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	61,127	37,283	37,283
	2	Savings and temporary cash investments..........	601,042	1,153,954	1,153,954
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	2,675,551	2,048,619	2,048,619
	b	Investments—corporate stock (attach schedule)........	12,918,829	13,644,831	13,644,831
	c	Investments—corporate bonds (attach schedule)........	5,309,342	5,621,347	5,621,347
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	2,529,157	2,866,374	2,866,374
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	39,444	58,479	58,479
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	24,134,492	25,430,887	25,430,887
	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 )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	24,134,492	25,430,887
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	24,134,492	25,430,887
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	24,134,492	25,430,887

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	24,134,492
2	Enter amount from Part I, line 27a......................	2	-883,464
3	Other increases not included in line 2 (itemize)	3	2,179,859
4	Add lines 1, 2, and 3..........................	4	25,430,887
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	25,430,887

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	FROM K-1: HOUSE INV. REAL ESTATE OPPORTUNITY FUND III-A	P	2010-01-01	2010-12-31
b	FROM K-1: HOUSE INV. REAL ESTATE OPPORTUNITY FUND III-A	P	2010-01-01	2010-12-31
c	FROM K-1: HOUSE INV. REAL ESTATE OPPORTUNITY FUND IV	P	2010-01-01	2010-12-31
d	FROM K-1: MSREF	P	2009-01-01	2010-12-31
e	FROM K-1: ARTHUR STREET	P	2009-01-01	2010-12-31
	ABBOTT LABORATORI 4.35%	P	2009-01-01	2010-12-31
	ABBOTT LABS	P	2009-01-01	2010-12-31
	ACADIA REALTY TRUST	P	2009-01-01	2010-12-31
	ACCENTURE PLC SHS	P	2009-01-01	2010-12-31
	ACTIVISION BLIZZARD INC	P	2009-01-01	2010-12-31
	ADOBE SYS DEL PV$ 0.001	P	2009-01-01	2010-12-31
	ADVANCE AUTO PARTS INC	P	2009-01-01	2010-12-31
	AEGON N.V. NY REG SHS	P	2010-01-01	2010-12-31
	AES CORP	P	2009-01-01	2010-12-31
	AETNA INC NEW	P	2009-01-01	2010-12-31
	AKAMAI TECHNOLOGIES INC	P	2009-01-01	2010-12-31
	ALEXANDRIA REAL EST EQTS	P	2009-01-01	2010-12-31
	ALLERGAN INC	P	2009-01-01	2010-12-31
	ALLIANT TECHSYSTEMS INC	P	2009-01-01	2010-12-31
	ALLIANZ SE SPD ADR	P	2010-01-01	2010-12-31
	ALLSTATE CORP DEL COM	P	2009-01-01	2010-12-31
	ALTERA CORP COM	P	2009-01-01	2010-12-31
	ALTRIA GROUP INC	P	2009-01-01	2010-12-31
	ALUMINA LTD SP ADR	P	2009-01-01	2010-12-31
	AMAZON COM INC COM	P	2009-01-01	2010-12-31
	AMB PROPERTY CORP	P	2009-01-01	2010-12-31
	AMER EAGLE OUTFITTERS	P	2009-01-01	2010-12-31
	AMER EXPRESS COMPANY	P	2009-01-01	2010-12-31
	AMERESCO CLASS A	P	2009-01-01	2010-12-31
	AMERICAN CAMPUS CMNTYS	P	2009-01-01	2010-12-31
	AMERICAN CAP AGY CORP	P	2009-01-01	2010-12-31
	AMERICAN FINL GRP HLDGS	P	2009-01-01	2010-12-31
	AMERICAN TOWER CORP CL A	P	2010-01-01	2010-12-31
	AMERIPRISE FINL INC	P	2009-01-01	2010-12-31
	AMERISOURCEBERGEN CORP	P	2010-01-01	2010-12-31
	AMGEN INC COM PV $0.0001	P	2009-01-01	2010-12-31
	AMPHENOL CORP CL A NEW	P	2009-01-01	2010-12-31
	AMYLIN PHARMACEUTLS INC	P	2009-01-01	2010-12-31
	ANADARKO PETE CORP	P	2009-01-01	2010-12-31
	ANALOG DEVICES INC COM	P	2009-01-01	2010-12-31
	ANGLOGOLD ASHANTI LTD	P	2009-01-01	2010-12-31
	ANNALY CAP MGMT INC	P	2010-01-01	2010-12-31
	AON CORP	P	2009-01-01	2010-12-31
	APACHE CORP	P	2009-01-01	2010-12-31
	PAGE 2	P	2010-01-01	2010-12-31
	APARTMENT INVT & MGMT CO	P	2009-01-01	2010-12-31
	APOLLO GROUP INC CL A	P	2010-01-01	2010-12-31
	APOLLO INVESTMENT CORP	P	2009-01-01	2010-12-31
	APPLE INC	P	2009-01-01	2010-12-31
	ARCH COAL INC	P	2009-01-01	2010-12-31
	ARCHER DANIELS MIDLD	P	2009-01-01	2010-12-31
	ASSURANT INC	P	2009-01-01	2010-12-31
	ASTRAZENECA PLC SPND ADR	P	2009-01-01	2010-12-31
	AT& T INC	P	2009-01-01	2010-12-31
	ATMOS ENERGY CORP COM	P	2009-01-01	2010-12-31
	AUTODESK INC DEL PV$0.01	P	2009-01-01	2010-12-31
	AVALONBAY CMMUN INC	P	2009-01-01	2010-12-31
	AVERY DENNISON CORP	P	2009-01-01	2010-12-31
	AVON PROD INC	P	2009-01-01	2010-12-31
	AXIS CAPITAL HOLDINGS	P	2010-01-01	2010-12-31
	BALL CORP COM	P	2009-01-01	2010-12-31
	BANCO BILBAO VIZCAYA	P	2009-01-01	2010-12-31
	BANCO SANTANDER SA ADR	P	2009-01-01	2010-12-31
	BANK HAWAII CORP	P	2009-01-01	2010-12-31
	BANK OF AMERICA CORP COM	P	2009-01-01	2010-12-31
	BARCLAYS PLC ADR	P	2009-01-01	2010-12-31
	BARD C R INC	P	2009-01-01	2010-12-31
	BARNES GROUP INC DE $.01	P	2009-01-01	2010-12-31
	BARRETT BILL CORP	P	2009-01-01	2010-12-31
	BARRICK GOLD CORPORATION	P	2009-01-01	2010-12-31
	BAXTER INTERNTL INC	P	2009-01-01	2010-12-31
	BB&T CORPORATION	P	2010-01-01	2010-12-31
	BECTON DICKINSON CO	P	2009-01-01	2010-12-31
	BED BATH & BEYOND INC	P	2010-01-01	2010-12-31
	BELGACOM SA DE DROIT	P	2009-01-01	2010-12-31
	BERKSHIRE HATHAWAYINC	P	2009-01-01	2010-12-31
	BEST BUY CO INC	P	2009-01-01	2010-12-31
	BHP BILLITON LTD ADR	P	2009-01-01	2010-12-31
	BIG LOTS INC COM	P	2009-01-01	2010-12-31
	BIOGEN IDEC INC	P	2009-01-01	2010-12-31
	BIOMED REALTY TR INC	P	2009-01-01	2010-12-31
	BJS WHOLESALE CLUB INC	P	2009-01-01	2010-12-31
	BLACKROCK INC	P	2009-01-01	2010-12-31
	BLACKROCK KELSO CAP CORP	P	2009-01-01	2010-12-31
	PAGE 3	P	2009-01-01	2010-12-31
	BLOCK H&R INC	P	2010-01-01	2010-12-31
	BMC SOFTWARE INC	P	2010-01-01	2010-12-31
	BNP PARIBAS SPONSORD ADR	P	2009-01-01	2010-12-31
	BOEING CO 3.50%FEB15 15	P	2010-01-01	2010-12-31
	BOEING COMPANY	P	2009-01-01	2010-12-31
	BORG WARNER INC COM	P	2009-01-01	2010-12-31
	BOSTON PPTYS INC	P	2009-01-01	2010-12-31
	BP PLC SPON ADR	P	2009-01-01	2010-12-31
	BRANDYWNE RLTY T SBI NEW	P	2009-01-01	2010-12-31
	BRE PPTYS INC MARYLAND A	P	2009-01-01	2010-12-31
	BRINKS CO	P	2010-01-01	2010-12-31
	BRITISH AMN TOBACO SPADR	P	2009-01-01	2010-12-31
	BROADCOM CORP CALIF CL A	P	2009-01-01	2010-12-31
	BROOKFIELD PPTYS CRP COM	P	2009-01-01	2010-12-31
	BROWN & BROWN INC FLA	P	2009-01-01	2010-12-31
	C.H. ROBINSON WORLDWIDE,	P	2010-01-01	2010-12-31
	CA INC	P	2009-01-01	2010-12-31
	CAMDEN PPTY TR COM SBI	P	2009-01-01	2010-12-31
	CAMECO CORP COM	P	2009-01-01	2010-12-31
	CAMERON INTL CORP	P	2009-01-01	2010-12-31
	CANADIAN NATURAL RES LTD	P	2009-01-01	2010-12-31
	CANON INC ADR REP5SH	P	2009-01-01	2010-12-31
	CAPITAL ONE FINL	P	2009-01-01	2010-12-31
	CARDINAL HEALTH INC OHIO	P	2009-01-01	2010-12-31
	CAREFUSION CORP SHS	P	2010-01-01	2010-12-31
	CARREFOUR SA SHS	P	2009-01-01	2010-12-31
	CATERPILLAR INC DEL	P	2009-01-01	2010-12-31
	CATHAY GENERAL BANCORP	P	2009-01-01	2010-12-31
	CB RICHARD ELLIS GR INC	P	2009-01-01	2010-12-31
	CELGENE CORP COM	P	2009-01-01	2010-12-31
	CENTENE CORP	P	2009-01-01	2010-12-31
	CENTURYLINK INC SHS	P	2009-01-01	2010-12-31
	CHARLES RIVER LABS INTL	P	2009-01-01	2010-12-31
	CHATTEM INC	P	2009-01-01	2010-12-31
	CHECK POINT SOFTWRE TECH	P	2009-01-01	2010-12-31
	CHEVRON CORP	P	2009-01-01	2010-12-31
	CHIMERA INVESTMENT CORP	P	2009-01-01	2010-12-31
	CHUBB CORP	P	2009-01-01	2010-12-31
	CISCO SYSTEMS INC COM	P	2009-01-01	2010-12-31
	PAGE 4	P	2009-01-01	2010-12-31
	CISCO SYSTEMS INC 4.45%	P	2010-01-01	2010-12-31
	CITIGROUP INC	P	2009-01-01	2010-12-31
	CITRIX SYSTEMS INC COM	P	2010-01-01	2010-12-31
	CMS ENERGY CORP	P	2009-01-01	2010-12-31
	CNINSURE INC SPON ADR	P	2009-01-01	2010-12-31
	COACH INC	P	2009-01-01	2010-12-31
	COCA COLA COM	P	2009-01-01	2010-12-31
	COGNIZANT TECH SOLUTNS A	P	2009-01-01	2010-12-31
	COLGATE PALMOLIVE	P	2009-01-01	2010-12-31
	COMCAST CORP NEW CL A	P	2009-01-01	2010-12-31
	COMERICA INC COM	P	2009-01-01	2010-12-31
	COMMERCIAL METALS CO COM	P	2010-01-01	2010-12-31
	COMPASS MINERALS INTL	P	2010-01-01	2010-12-31
	COMPUTER SCIENCE CRP	P	2009-01-01	2010-12-31
	CONAGRA FOODS INC	P	2009-01-01	2010-12-31
	CONOCOPHILLIPS	P	2009-01-01	2010-12-31
	CONSOL ENERGY INC COM	P	2009-01-01	2010-12-31
	CONSTELLATION ENERGY GP	P	2009-01-01	2010-12-31
	CONTINENTAL RESOURCES	P	2009-01-01	2010-12-31
	COPANO ENERGY LLC	P	2009-01-01	2010-12-31
	COPART INC COM	P	2009-01-01	2010-12-31
	CORE LAB N.V. COM	P	2009-01-01	2010-12-31
	CORESITE REALTY CORP	P	2010-01-01	2010-12-31
	CORNING INC	P	2010-01-01	2010-12-31
	CORP OFFICE PPTYS TRUST	P	2009-01-01	2010-12-31
	COSTAMARE INC	P	2010-01-01	2010-12-31
	COVANCE INC	P	2009-01-01	2010-12-31
	COVENTRY HEALTH CARE INC	P	2010-01-01	2010-12-31
	COVIDIEN PLC SHS	P	2010-01-01	2010-12-31
	CREDIT SUISSE GP SP ADR	P	2009-01-01	2010-12-31
	CRH PLC ADR	P	2009-01-01	2010-12-31
	CROWN CASTLE INTL CORP	P	2009-01-01	2010-12-31
	CUMMINS INC COM	P	2010-01-01	2010-12-31
	CVS CAREMARK CORP	P	2009-01-01	2010-12-31
	DANAHER CORP DEL COM	P	2010-01-01	2010-12-31
	DARDEN RESTAURANTS INC	P	2009-01-01	2010-12-31
	DCP MIDSTREAM PARTNERS	P	2009-01-01	2010-12-31
	DEERE CO	P	2010-01-01	2010-12-31
	DEL MONTE FOODS CO	P	2010-01-01	2010-12-31
	PAGE 5	P	2010-01-01	2010-12-31
	DELL INC	P	2009-01-01	2010-12-31
	DENBURY RES INC	P	2009-01-01	2010-12-31
	DENTSPLY INTL INC	P	2009-01-01	2010-12-31
	DEVELOPERS DVSFD RLTY CP	P	2010-01-01	2010-12-31
	DEVON ENERGY CORP NEW	P	2009-01-01	2010-12-31
	DIAMOND OFFSHORE DRLNG	P	2010-01-01	2010-12-31
	DIAMONDROCK HOSPITALITY	P	2010-01-01	2010-12-31
	DICKS SPORTING GOODS INC	P	2010-01-01	2010-12-31
	DIEBOLD INC	P	2010-01-01	2010-12-31
	DIGITAL RLTY TR INC	P	2009-01-01	2010-12-31
	DIRECTV GROUP HLDNGS CLA	P	2009-01-01	2010-12-31
	DISCOVER FINL SVCS	P	2010-01-01	2010-12-31
	DRIL QUIP	P	2009-01-01	2010-12-31
	DTE ENERGY COMPANY	P	2009-01-01	2010-12-31
	DUKE REALTY CORP	P	2010-01-01	2010-12-31
	E M C CORPORATION MASS	P	2009-01-01	2010-12-31
	E TRADE FINANCIAL CORP	P	2009-01-01	2010-12-31
	EASTGROUP PROPERTIES INC	P	2009-01-01	2010-12-31
	EASTMAN CHEMICAL CO COM	P	2009-01-01	2010-12-31
	EATON CORP	P	2009-01-01	2010-12-31
	EBAY INC COM	P	2009-01-01	2010-12-31
	ECOLAB INC	P	2010-01-01	2010-12-31
	EDISON INTL CALIF	P	2009-01-01	2010-12-31
	ELECTRONIC ARTS INC DEL	P	2009-01-01	2010-12-31
	ELI LILLY & CO	P	2009-01-01	2010-12-31
	EMBRAER EMPRESA BRAS ADR	P	2009-01-01	2010-12-31
	EMBRAER S A SPONSRD ADR	P	2009-01-01	2010-12-31
	EMDEON INC CL A	P	2009-01-01	2010-12-31
	EMERSON ELEC CO	P	2009-01-01	2010-12-31
	ENCANA CORP	P	2010-01-01	2010-12-31
	ENDO PHARMACEUTCLS HLDG	P	2010-01-01	2010-12-31
	ENERGEN CRP COM PV 1CENT	P	2009-01-01	2010-12-31
	ENERGIZER HLDGS INC COM	P	2009-01-01	2010-12-31
	ENERGY TRANSFER PTNRS LP	P	2009-01-01	2010-12-31
	ENI S P A SPONSORED ADR	P	2009-01-01	2010-12-31
	ENNIS INC	P	2009-01-01	2010-12-31
	ENSCO INTL LTD SPNSR ADR	P	2010-01-01	2010-12-31
	ENTERPRISE PRDTS PRTN LP	P	2009-01-01	2010-12-31
	EQT CORP	P	2010-01-01	2010-12-31
	PAGE 6	P	2009-01-01	2010-12-31
	EQTY LIFESTYLS PPTYS INC	P	2009-01-01	2010-12-31
	EQUINIX INC	P	2009-01-01	2010-12-31
	EQUITY ONE	P	2009-01-01	2010-12-31
	EQUITY RESIDENTIAL	P	2009-01-01	2010-12-31
	ESPRIT HOLDNG LTD SP ADR	P	2009-01-01	2010-12-31
	ESSEX PPTY TR INC COM	P	2010-01-01	2010-12-31
	EVEREST RE GROUP LTD	P	2010-01-01	2010-12-31
	EXCEL TR INC	P	2009-01-01	2010-12-31
	EXCO RES INC	P	2010-01-01	2010-12-31
	EXPRESS SCRIPTS INC COM	P	2009-01-01	2010-12-31
	EXTRA SPACE STORAGE INC	P	2009-01-01	2010-12-31
	EXXON MOBIL CORP COM	P	2009-01-01	2010-12-31
	FANUC LTD-UNSP	P	2009-01-01	2010-12-31
	FASTENAL COMPANY	P	2009-01-01	2010-12-31
	FDL R INV TR SBI NEW MD	P	2009-01-01	2010-12-31
	FELCOR LODGING TRUST TEX	P	2009-01-01	2010-12-31
	FIFTH THIRD BANCORP	P	2009-01-01	2010-12-31
	FIRST NIAGARA FINL GROUP	P	2009-01-01	2010-12-31
	FIRST REP BK SAN FRNCISC	P	2009-01-01	2010-12-31
	FLIR SYSTEMS INC	P	2010-01-01	2010-12-31
	FLOWERS FOODS INC COM	P	2009-01-01	2010-12-31
	FMC CORP COM NEW	P	2009-01-01	2010-12-31
	FORD MOTOR CO NEW	P	2010-01-01	2010-12-31
	FOREST OIL CORP NEW	P	2009-01-01	2010-12-31
	FORMFACTOR INC	P	2010-01-01	2010-12-31
	FORTUNE BRANDS INC	P	2009-01-01	2010-12-31
	FRAC MARRIOTT INTL INC	P	2009-01-01	2010-12-31
	FREEPRT-MCMRAN CPR & GLD	P	2009-01-01	2010-12-31
	FRESH MKT INC	P	2009-01-01	2010-12-31
	FRONTIER COMMUNICATIONS	P	2009-01-01	2010-12-31
	FRONTIER OIL CORP	P	2009-01-01	2010-12-31
	FRONTLINE LTD	P	2009-01-01	2010-12-31
	FUJIFILM HLDGS CORP ADR	P	2009-01-01	2010-12-31
	F5 NETWORKS INC COM	P	2009-01-01	2010-12-31
	GAMESTOP CORP NEW CL A	P	2009-01-01	2010-12-31
	GANNETT CO	P	2009-01-01	2010-12-31
	GAP INC DELAWARE	P	2009-01-01	2010-12-31
	GEN-PROBE INC DELAWARE	P	2009-01-01	2010-12-31
	GENERAL ELEC CO 5.25% 20	P	2009-01-01	2010-12-31
	PAGE 7	P	2009-01-01	2010-12-31
	GENERAL ELECTRIC	P	2010-01-01	2010-12-31
	GENERAL GRWTH PPTYS INC	P	2009-01-01	2010-12-31
	GENERAL MILLS	P	2009-01-01	2010-12-31
	GENERAL MILLS INC 5.70%	P	2009-01-01	2010-12-31
	GENERAL MOTORS CO	P	2010-01-01	2010-12-31
	GENESIS ENERGY L P	P	2009-01-01	2010-12-31
	GENPACT LTD HAMILTON	P	2010-01-01	2010-12-31
	GENZYME CORPORATION	P	2010-01-01	2010-12-31
	GETTY REALTY CRP PV$0.01	P	2009-01-01	2010-12-31
	GILEAD SCIENCES INC COM	P	2009-01-01	2010-12-31
	GLAXOSMITHKLINE PLC ADR	P	2009-01-01	2010-12-31
	GLIMCHER REALTY TR SBI	P	2010-01-01	2010-12-31
	GLOBAL PARTNERS LP	P	2010-01-01	2010-12-31
	GLOBAL PMTS INC GEORGIA	P	2009-01-01	2010-12-31
	GNM P384819 05%2037	P	2009-01-01	2010-12-31
	GNM P580788 05%2034	P	2009-01-01	2010-12-31
	GNM P632837 05%2034	P	2009-01-01	2010-12-31
	GNM P637352 05%2034	P	2009-01-01	2010-12-31
	GOLD FIELDS SP ADR NEW	P	2010-01-01	2010-12-31
	GOLDMAN SACHS GRO 4.75%	P	2009-01-01	2010-12-31
	GOLDMAN SACHS GROUP INC	P	2009-01-01	2010-12-31
	GOOGLE INC CL A	P	2009-01-01	2010-12-31
	GREENBRIER COS INC	P	2010-01-01	2010-12-31
	GSI COMMERCE INC	P	2009-01-01	2010-12-31
	HANSEN NATURAL CORP	P	2009-01-01	2010-12-31
	HARRIS CORP DEL	P	2009-01-01	2010-12-31
	HCP INC	P	2009-01-01	2010-12-31
	HEALTH CARE REIT INC COM	P	2009-01-01	2010-12-31
	HEALTH NET INC	P	2009-01-01	2010-12-31
	HEALTHCARE REALTY TR	P	2009-01-01	2010-12-31
	HEINEKEN NV ADR	P	2009-01-01	2010-12-31
	HERSHA HOSPTLTY TR A SBI	P	2010-01-01	2010-12-31
	HESS CORP	P	2010-01-01	2010-12-31
	HEWLETT PACKARD CO DEL	P	2010-01-01	2010-12-31
	HIGHWOODS PPTYS INC	P	2009-01-01	2010-12-31
	HOLLY CORP COM $0 01	P	2009-01-01	2010-12-31
	HOLOGIC INC	P	2009-01-01	2010-12-31
	HOME DEPOT INC	P	2009-01-01	2010-12-31
	HOME DEPOT INC 5.40% 201	P	2009-01-01	2010-12-31
	PAGE 8	P	2009-01-01	2010-12-31
	HOME PROPERTIES INC	P	2009-01-01	2010-12-31
	HONEYWELL INTL INC DEL	P	2009-01-01	2010-12-31
	HOSPITALITY PPTYS TRUST	P	2009-01-01	2010-12-31
	HOST HOTELS & RESORTS	P	2010-01-01	2010-12-31
	HSBC HLDG PLC SP ADR	P	2010-01-01	2010-12-31
	HUDSON PAC PPTYS INC	P	2009-01-01	2010-12-31
	HUMANA INC	P	2009-01-01	2010-12-31
	HUNT J B TRANS SVCS INC	P	2009-01-01	2010-12-31
	HUNTNGTN BANCSHS INC MD	P	2009-01-01	2010-12-31
	HYATT HOTELS CORP	P	2009-01-01	2010-12-31
	IAMGOLD CORP COM	P	2010-01-01	2010-12-31
	IDEX CORP DELAWARE COM	P	2009-01-01	2010-12-31
	IMPALA PLATINUM SPON ADR	P	2009-01-01	2010-12-31
	IMPERIAL TOB GRP SPS ADR	P	2010-01-01	2010-12-31
	INERGY L.P.	P	2009-01-01	2010-12-31
	INTEL CORP	P	2009-01-01	2010-12-31
	INTERCONTINENTALEXCHANGE	P	2010-01-01	2010-12-31
	INTERSIL CORP CL A	P	2009-01-01	2010-12-31
	INTL BUSINESS MACHINES	P	2009-01-01	2010-12-31
	INTL COAL GROUP INC NEW	P	2010-01-01	2010-12-31
	INTL PAPER CO	P	2009-01-01	2010-12-31
	INVESCO LTD	P	2009-01-01	2010-12-31
	INVESCO MORTGAGE CAPITAL	P	2010-01-01	2010-12-31
	IRON MOUNTAIN INC NEW	P	2009-01-01	2010-12-31
	IVANHOE MINES LTD	P	2009-01-01	2010-12-31
	IVY GLBL NATRL RES CL A	P	2009-01-01	2010-12-31
	J CREW GROUP INC	P	2009-01-01	2010-12-31
	JABIL CIRCUIT INC	P	2010-01-01	2010-12-31
	JACK HENRY & ASSOC INC	P	2009-01-01	2010-12-31
	JACOBS ENGN GRP INC DELA	P	2009-01-01	2010-12-31
	JOHNSON AND JOHNSON COM	P	2010-01-01	2010-12-31
	JOHNSON CONTROLS INC	P	2009-01-01	2010-12-31
	JOY GLOBAL INC DEL COM	P	2009-01-01	2010-12-31
	JP MRGN INTREPID JAPAN A	P	2010-01-01	2010-12-31
	JPMORGAN CHASE & CO	P	2009-01-01	2010-12-31
	KANSAS CITY SOUTHERN	P	2010-01-01	2010-12-31
	KAO CORP SPD ADR	P	2009-01-01	2010-12-31
	KAYDON CORP	P	2009-01-01	2010-12-31
	KBR INC	P	2010-01-01	2010-12-31
	PAGE 9	P	2010-01-01	2010-12-31
	KELLOGG CO	P	2010-01-01	2010-12-31
	KEMET CORP SHS	P	2009-01-01	2010-12-31
	KENNAMETAL INC	P	2009-01-01	2010-12-31
	KILROY REALTY CORP	P	2010-01-01	2010-12-31
	KIMBERLY CLARK	P	2009-01-01	2010-12-31
	KIMCO REALTY CORP MD COM	P	2009-01-01	2010-12-31
	KINDER MORGAN ENERGY	P	2009-01-01	2010-12-31
	KINROSS GOLD CORP	P	2010-01-01	2010-12-31
	KIRBY CORP COM	P	2009-01-01	2010-12-31
	KOREA ELEC POWER SPN ADR	P	2010-01-01	2010-12-31
	KRAFT FOODS INC VA CL A	P	2009-01-01	2010-12-31
	KROGER CO	P	2009-01-01	2010-12-31
	L-3 COMMNCTNS HLDGS	P	2009-01-01	2010-12-31
	LABORATORY CP AMER HLDGS	P	2009-01-01	2010-12-31
	LASALLE HOTEL PPTYS BN I	P	2009-01-01	2010-12-31
	LAZARD LTD CL A	P	2009-01-01	2010-12-31
	LEGACY RESERVES	P	2009-01-01	2010-12-31
	LIBERTY PPTY TR SBI	P	2010-01-01	2010-12-31
	LIFE TECHNOLOGIES CORP	P	2009-01-01	2010-12-31
	LIMITED BRANDS INC	P	2010-01-01	2010-12-31
	LINCOLN NTL CORP IND NPV	P	2009-01-01	2010-12-31
	LOCKHEED MARTIN CORP	P	2009-01-01	2010-12-31
	LOEWS CORP	P	2010-01-01	2010-12-31
	LORILLARD INC	P	2009-01-01	2010-12-31
	LOWE'S COMPANIES INC	P	2010-01-01	2010-12-31
	LUBRIZOL CORP	P	2010-01-01	2010-12-31
	LVMH MOET HENNESSY ADR	P	2009-01-01	2010-12-31
	MACERICH CO	P	2009-01-01	2010-12-31
	MACK CALI REALTY CORP	P	2009-01-01	2010-12-31
	MACYS INC	P	2009-01-01	2010-12-31
	MAGNA INTL INC CL A VTG	P	2009-01-01	2010-12-31
	MARATHON OIL CORP	P	2009-01-01	2010-12-31
	MARRIOTT INTL INC NEW A	P	2009-01-01	2010-12-31
	MATTEL INC COM	P	2009-01-01	2010-12-31
	MC GRAW HILL COMPANIES	P	2009-01-01	2010-12-31
	MCAFEE INC	P	2009-01-01	2010-12-31
	MCDERMOTT INTL INC	P	2009-01-01	2010-12-31
	MCDONALDS CORP COM	P	2009-01-01	2010-12-31
	MCKESSON CORPORATION CO	P	2009-01-01	2010-12-31
	PAGE 10	P	2009-01-01	2010-12-31
	MEAD JOHNSON NUTRTION CO	P	2009-01-01	2010-12-31
	MEADWESTVACO CORP	P	2009-01-01	2010-12-31
	MEDCO HEALTH SOLUTIONS I	P	2009-01-01	2010-12-31
	MEDTRONIC INC COM	P	2010-01-01	2010-12-31
	MENS WEARHOUSE INC COM	P	2009-01-01	2010-12-31
	MERCK AND CO INC SHS	P	2009-01-01	2010-12-31
	MERCK KGAA	P	2010-01-01	2010-12-31
	MERCURY GENL CORP NEW	P	2009-01-01	2010-12-31
	METLIFE INC COM	P	2009-01-01	2010-12-31
	MICROSOFT CORP	P	2009-01-01	2010-12-31
	MILLIPORE CORP	P	2009-01-01	2010-12-31
	MOHAWK INDUSTRIES INC	P	2009-01-01	2010-12-31
	MOLINA HEALTHCARE INC	P	2009-01-01	2010-12-31
	MOLSON COOR BREW CO CL B	P	2009-01-01	2010-12-31
	MONSANTO CO NEW DEL COM	P	2010-01-01	2010-12-31
	MORGAN STANLEY	P	2009-01-01	2010-12-31
	NAT FUEL GAS CO NJ $1	P	2009-01-01	2010-12-31
	NATIONAL-OILWELL VARCO	P	2009-01-01	2010-12-31
	NATIONWIDE HLTH PPTYS	P	2009-01-01	2010-12-31
	NAVIOS MARITIME PARTNERS	P	2009-01-01	2010-12-31
	NCR CORP NEW	P	2010-01-01	2010-12-31
	NETAPP INC	P	2009-01-01	2010-12-31
	NETFLIX COM INC	P	2010-01-01	2010-12-31
	NEW YORK CMNTY BANCORP	P	2009-01-01	2010-12-31
	NEWALLIANCE BANCSHS INC	P	2009-01-01	2010-12-31
	NEWCREST MNG LTD SPN ADR	P	2009-01-01	2010-12-31
	NEWELL RUBBERMAID INC	P	2009-01-01	2010-12-31
	NEWS CORP CL A	P	2009-01-01	2010-12-31
	NINTENDO LTD ADR	P	2009-01-01	2010-12-31
	NIPPON TELG&TEL SPDN ADR	P	2009-01-01	2010-12-31
	NISOURCE INC	P	2009-01-01	2010-12-31
	NOAH HOLDINGS LTD	P	2009-01-01	2010-12-31
	NOBLE ENERGY INC	P	2009-01-01	2010-12-31
	NOKIA CORP SPON ADR	P	2009-01-01	2010-12-31
	NOMURA HLDGS INC ADR	P	2009-01-01	2010-12-31
	NORANDA ALUM HLDG CORP	P	2009-01-01	2010-12-31
	NORDSTROM INC	P	2009-01-01	2010-12-31
	NORFOLK SOUTHERN CORP	P	2009-01-01	2010-12-31
	NORTHN TRUST CORP	P	2009-01-01	2010-12-31
	PAGE 11	P	2009-01-01	2010-12-31
	NORTHROP GRUMMAN CORP	P	2009-01-01	2010-12-31
	NOVARTIS ADR	P	2010-01-01	2010-12-31
	NOVARTIS AG-REG(DE LINE)	P	2009-01-01	2010-12-31
	NOVO NORDISK A S ADR	P	2009-01-01	2010-12-31
	NYSE EURONEXT	P	2009-01-01	2010-12-31
	O REILLY AUTOMOTIVE INC	P	2009-01-01	2010-12-31
	OCCIDENTAL PETE CORP CAL	P	2009-01-01	2010-12-31
	OCEANEERING INTL INC	P	2009-01-01	2010-12-31
	OLD REPUB INTL CORP	P	2009-01-01	2010-12-31
	ONEOK PARTNERS L P	P	2009-01-01	2010-12-31
	ORACLE CORP $0.01 DEL	P	2009-01-01	2010-12-31
	PAA NAT GAS STORAGE	P	2009-01-01	2010-12-31
	PACTIV CORPORATION	P	2010-01-01	2010-12-31
	PARKER HANNIFIN CORP	P	2009-01-01	2010-12-31
	PARTNERRE LTD	P	2009-01-01	2010-12-31
	PATTERSON COS INC	P	2010-01-01	2010-12-31
	PAYCHEX INC	P	2009-01-01	2010-12-31
	PEBBLEBROOK HOTEL TRUST	P	2009-01-01	2010-12-31
	PENN RL EST INV TR	P	2009-01-01	2010-12-31
	PEOPLES UNITED FNL INC	P	2009-01-01	2010-12-31
	PEPSICO INC	P	2009-01-01	2010-12-31
	PERKINELMER INC COM	P	2009-01-01	2010-12-31
	PETRLEO BRAS VTG SPD ADR	P	2009-01-01	2010-12-31
	PETROHAWK ENERGY CORP	P	2010-01-01	2010-12-31
	PETROLEO BRAS SA ADR	P	2009-01-01	2010-12-31
	PETSMART INC	P	2009-01-01	2010-12-31
	PFIZER INC	P	2009-01-01	2010-12-31
	PHILIP MORRIS INTL INC	P	2009-01-01	2010-12-31
	PHILLIPS VAN HEUSEN	P	2009-01-01	2010-12-31
	PLAINS ALL AMERN PIPL LP	P	2009-01-01	2010-12-31
	PNC FINCL SERVICES GROUP	P	2009-01-01	2010-12-31
	POLO RALPH LAUREN CORP A	P	2009-01-01	2010-12-31
	POLYCOM INC COM	P	2009-01-01	2010-12-31
	POST PROPERTIES INC	P	2009-01-01	2010-12-31
	POTASH CORP SASKATCHEWAN	P	2009-01-01	2010-12-31
	POTLATCH CORP NEW	P	2009-01-01	2010-12-31
	PPL CORPORATION	P	2009-01-01	2010-12-31
	PRAXAIR INC	P	2009-01-01	2010-12-31
	PRECISION CASTPARTS	P	2009-01-01	2010-12-31
	PAGE 12	P	2009-01-01	2010-12-31
	PRICELINE COM INC	P	2009-01-01	2010-12-31
	PROCTER & GAMBLE 3.15%	P	2009-01-01	2010-12-31
	PROCTER & GAMBLE CO	P	2010-01-01	2010-12-31
	PROGRESSIVE CRP OHIO	P	2009-01-01	2010-12-31
	PROLOGIS	P	2009-01-01	2010-12-31
	PRUDENTIAL FINANCIAL INC	P	2010-01-01	2010-12-31
	PRUDENTIAL PLC ADR	P	2009-01-01	2010-12-31
	PS BUSINESS PARKS INC	P	2009-01-01	2010-12-31
	PUB SVC ENTERPRISE GRP	P	2010-01-01	2010-12-31
	PUBLIC STORAGE $0.10	P	2010-01-01	2010-12-31
	PULTE GROUP	P	2010-01-01	2010-12-31
	QEP RESOURCES INC SHS	P	2009-01-01	2010-12-31
	QUALCOMM INC	P	2009-01-01	2010-12-31
	QUANTA SERVICES INC	P	2009-01-01	2010-12-31
	QUEST DIAGNOSTICS INC	P	2009-01-01	2010-12-31
	QUESTAR CORP NPV	P	2009-01-01	2010-12-31
	QWEST COMM INTL INC COM	P	2009-01-01	2010-12-31
	R R DONNELLEY SONS	P	2009-01-01	2010-12-31
	RADIOSHACK CORP	P	2010-01-01	2010-12-31
	RAMCO-GERSHENSON PPTYSBI	P	2010-01-01	2010-12-31
	RANGE RESOURCES CORP DEL	P	2009-01-01	2010-12-31
	RAYONIER INC REIT	P	2010-01-01	2010-12-31
	RAYTHEON CO DELAWARE NEW	P	2009-01-01	2010-12-31
	REALTY INCM CRP MD PV$1.	P	2009-01-01	2010-12-31
	REDWOOD TRUST INC	P	2009-01-01	2010-12-31
	REGENCY CENTERS CORP	P	2009-01-01	2010-12-31
	REPUBLIC SERVICES INC	P	2009-01-01	2010-12-31
	REXAM PLC- NEW NEW ADR	P	2009-01-01	2010-12-31
	REYNOLDS AMERICAN INC	P	2009-01-01	2010-12-31
	ROCHE HLDG LTD SPN ADR	P	2009-01-01	2010-12-31
	ROCKWELL AUTOMATION INC	P	2009-01-01	2010-12-31
	ROCKWELL COLLINS INC	P	2009-01-01	2010-12-31
	ROGERS COMMUNICATIONS B	P	2009-01-01	2010-12-31
	ROPER INDUSTRIES INC COM	P	2009-01-01	2010-12-31
	ROWAN COMPANIES INC	P	2009-01-01	2010-12-31
	ROYAL DUTCH SHEL PLC	P	2010-01-01	2010-12-31
	RUE21 INC	P	2009-01-01	2010-12-31
	RYDER SYSTEM INC	P	2009-01-01	2010-12-31
	SABMILLER PLC SPON ADR	P	2009-01-01	2010-12-31
	PAGE 13	P	2010-01-01	2010-12-31
	SAFEWAY INC NEW	P	2009-01-01	2010-12-31
	SALESFORCE COM INC	P	2009-01-01	2010-12-31
	SANDISK CORP INC	P	2009-01-01	2010-12-31
	SARA LEE CORP COM	P	2009-01-01	2010-12-31
	SCHEIN (HENRY) INC COM	P	2009-01-01	2010-12-31
	SCHLUMBERGER LTD	P	2009-01-01	2010-12-31
	SCHWEITZER MAUDIT INTL	P	2009-01-01	2010-12-31
	SEGA SAMMY HOLDINGS INC	P	2009-01-01	2010-12-31
	SEMTECH CORPORATION	P	2010-01-01	2010-12-31
	SENIOR HSG PPTYS TRSBI	P	2009-01-01	2010-12-31
	SENSIENT TECHNOLGY CORP	P	2009-01-01	2010-12-31
	SEVEN AND I HOLDINGS CO	P	2009-01-01	2010-12-31
	SHIN-ETSU CHEM-UNSPON	P	2010-01-01	2010-12-31
	SHIRE PLC-ADR	P	2009-01-01	2010-12-31
	SHISEIDO LTD SPONSRD ADR	P	2010-01-01	2010-12-31
	SIEMENS AG ADR	P	2009-01-01	2010-12-31
	SIMON PROPERTY GROUP DEL	P	2009-01-01	2010-12-31
	SL GREEN REALTY CORP	P	2009-01-01	2010-12-31
	SLM CORP	P	2009-01-01	2010-12-31
	SNAP ON INC COM	P	2009-01-01	2010-12-31
	SOCIETE GENERAL SPN ADR	P	2009-01-01	2010-12-31
	SOUTHWESTERN ENERGY CO	P	2010-01-01	2010-12-31
	SPRINT NEXTEL CORP	P	2009-01-01	2010-12-31
	SRA INTERNATIONAL INC A	P	2009-01-01	2010-12-31
	ST JUDE MEDICAL INC	P	2009-01-01	2010-12-31
	ST MARY LD & EXPL CO	P	2010-01-01	2010-12-31
	STAPLES INC	P	2010-01-01	2010-12-31
	STARBUCKS CORP	P	2009-01-01	2010-12-31
	STARWOOD HOTELS AND	P	2010-01-01	2010-12-31
	STARWOOD PPTY TR INC	P	2009-01-01	2010-12-31
	STERIS CORP	P	2009-01-01	2010-12-31
	SUNSTONE HOTEL INVS INC	P	2009-01-01	2010-12-31
	SUNTRUST BKS INC COM	P	2009-01-01	2010-12-31
	SWIFT TRANSPORTATION	P	2009-01-01	2010-12-31
	TALECRIS BIOTHERAPEUTICS	P	2010-01-01	2010-12-31
	TANGER FACTORY OUTLT CEN	P	2009-01-01	2010-12-31
	TARGA RESOURCES PARTNERS	P	2009-01-01	2010-12-31
	TARGET CORP COM	P	2009-01-01	2010-12-31
	TAUBMAN CENTERS INC COM	P	2010-01-01	2010-12-31
	PAGE 14	P	2010-01-01	2010-12-31
	TD AMERITRADE HLDG CORP	P	2009-01-01	2010-12-31
	TDK CORP AMERN DEP SHR	P	2009-01-01	2010-12-31
	TECH DATA CORP	P	2010-01-01	2010-12-31
	TECHNIP SP ADR	P	2010-01-01	2010-12-31
	TEEKAY OFFSHORE PARTNERS	P	2009-01-01	2010-12-31
	TELECOM ITALIA SPA ADR	P	2009-01-01	2010-12-31
	TELEFLEX INC	P	2009-01-01	2010-12-31
	TEMPLE INLAND INC COM	P	2009-01-01	2010-12-31
	TENET HEALTHCARE CORP	P	2009-01-01	2010-12-31
	TERRENO REALTY CORP SHS	P	2009-01-01	2010-12-31
	TESCO PLC SPNRD ADR	P	2009-01-01	2010-12-31
	TESORO CORP	P	2009-01-01	2010-12-31
	TEVA PHARMACTCL INDS ADR	P	2009-01-01	2010-12-31
	TEXAS INSTRUMENTS	P	2009-01-01	2010-12-31
	THOMAS&BETTS CP TENN NPV	P	2009-01-01	2010-12-31
	TIFFANY & CO NEW	P	2009-01-01	2010-12-31
	TIME WARNER INC SHS	P	2009-01-01	2010-12-31
	TOTAL S.A. SP ADR	P	2009-01-01	2010-12-31
	TRANSOCEAN LTD	P	2009-01-01	2010-12-31
	TRAVELERS COS INC	P	2009-01-01	2010-12-31
	TW TELECOM INC	P	2010-01-01	2010-12-31
	TYCO INTL LTD NAMEN-AKT	P	2009-01-01	2010-12-31
	UBS AG REG	P	2009-01-01	2010-12-31
	UDR INC	P	2009-01-01	2010-12-31
	UGI CORP NEW	P	2009-01-01	2010-12-31
	ULTRA PETROLEUM CORP	P	2010-01-01	2010-12-31
	UNILEVER PLC NEW ADR	P	2009-01-01	2010-12-31
	UNION PACIFIC CORP	P	2009-01-01	2010-12-31
	UNITED PARCEL SVC CL B	P	2009-01-01	2010-12-31
	UNITED TECHS CORP COM	P	2009-01-01	2010-12-31
	UNITED UTILS GROUP ADR	P	2010-01-01	2010-12-31
	UNITEDHEALTH GROUP INC	P	2009-01-01	2010-12-31
	UNIVERSAL CORP VA	P	2009-01-01	2010-12-31
	UNUM GROUP	P	2009-01-01	2010-12-31
	URBAN OUTFITTERS INC	P	2009-01-01	2010-12-31
	US TSY 1.375% OCT 15 20	P	2010-01-01	2010-12-31
	US TSY 3.125% MAY 15 20	P	2010-01-01	2010-12-31
	V F CORPORATION	P	2009-01-01	2010-12-31
	VALERO ENERGY CORP NEW	P	2010-01-01	2010-12-31
	PAGE 15	P	2009-01-01	2010-12-31
	VENTAS INC	P	2009-01-01	2010-12-31
	VERISK ANALYTICS INC	P	2010-01-01	2010-12-31
	VERIZON COMMUNICATNS COM	P	2009-01-01	2010-12-31
	VIACOM INC NEW CL B	P	2010-01-01	2010-12-31
	VISA INC CL A SHRS	P	2010-01-01	2010-12-31
	VODAFONE GROP PLC SP ADR	P	2009-01-01	2010-12-31
	VORNADO REALTY TRUST COM	P	2009-01-01	2010-12-31
	W W GRAINGER INCORP	P	2010-01-01	2010-12-31
	WAL-MART STORES INC	P	2009-01-01	2010-12-31
	WALGREEN CO	P	2009-01-01	2010-12-31
	WARNACO GROUP INC CL A	P	2009-01-01	2010-12-31
	WASTE MANAGEMENT INC NEW	P	2009-01-01	2010-12-31
	WATSON PHARMACEUTICALS	P	2010-01-01	2010-12-31
	WD 40 COMPANY DELAWARE	P	2009-01-01	2010-12-31
	WELLPOINT INC	P	2009-01-01	2010-12-31
	WELLS FARGO & CO NEW DEL	P	2010-01-01	2010-12-31
	WESTERN UN CO	P	2009-01-01	2010-12-31
	WEYERHAEUSER CO	P	2009-01-01	2010-12-31
	WINDSTREAM CORP	P	2009-01-01	2010-12-31
	WISCONSIN ELEC PW 4.50%	P	2009-01-01	2010-12-31
	WOLVERINE WORLD WIDE	P	2009-01-01	2010-12-31
	WORLD FUEL SERVICES CRP	P	2009-01-01	2010-12-31
	WYNN RESORTS LTD	P	2009-01-01	2010-12-31
	XEROX CORP	P	2009-01-01	2010-12-31
	XILINX INC	P	2009-01-01	2010-12-31
	YAHOO INC	P	2009-01-01	2010-12-31
	ZURICH FINL SVCS SPN ADR	P	2010-01-01	2010-12-31
	3M COMPANY	P	2010-01-01	2010-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a		80,525	-80,525
b		10,532	-10,532
c		37,351	-37,351
d	107,136		107,136
e	21,259		21,259
	270,000	249,445	20,555
	33,387	37,359	-3,972
	5,558	5,703	-145
	23,378	22,903	475
	2,261	2,272	-11
	22,289	23,253	-964
	16,952	11,528	5,424
	8,303	10,542	-2,239
	21,735	30,074	-8,339
	18,859	22,712	-3,853
	9,082	6,615	2,467
	34,512	32,032	2,480
	6,026	5,618	408
	889	1,367	-478
	18,384	18,198	186
	4,454	3,033	1,421
	25,231	19,467	5,764
	35,480	32,585	2,895
	2,998	2,202	796
	4,877	4,607	270
	30,598	28,894	1,704
	2,409	2,112	297
	28,671	26,536	2,135
	1,306	1,000	306
	34,139	31,850	2,289
	21,059	20,800	259
	2,822	2,842	-20
	41,453	34,195	7,258
	12,759	9,894	2,865
	23,530	19,753	3,777
	11,607	13,269	-1,662
	640	658	-18
	14,895	29,049	-14,154
	2,497	2,397	100
	22,445	23,376	-931
	5,378	4,960	418
	8,697	8,858	-161
	13,861	13,221	640
	14,168	13,200	968
			0
	27,824	23,662	4,162
	18,684	20,603	-1,919
	5,055	6,200	-1,145
	27,638	16,910	10,728
	7,603	7,400	203
	20,828	21,649	-821
	8,913	7,324	1,589
	3,141	3,191	-50
	10,098	10,156	-58
	898	874	24
	4,544	3,240	1,304
	17,800	16,454	1,346
	11,867	12,277	-410
	10,693	10,562	131
	5,345	4,817	528
	631	509	122
	26,214	29,881	-3,667
	21,353	25,364	-4,011
	10,030	11,129	-1,099
	79,799	75,000	4,799
	31,480	37,112	-5,632
	7,102	6,871	231
	981	884	97
	649	557	92
	35,024	29,963	5,061
	58,183	53,270	4,913
	7,600	5,055	2,545
	42,944	41,713	1,231
	2,256	2,223	33
	12,033	12,319	-286
	12,166	10,167	1,999
	18,205	20,262	-2,057
	8,497	8,991	-494
	25,067	21,944	3,123
	34,450	28,560	5,890
	886	874	12
	6,080	4,754	1,326
	100,280	97,800	2,480
	9,172	9,560	-388
			0
	6,341	9,761	-3,420
	19,156	20,064	-908
	4,052	4,484	-432
	261,988	259,074	2,914
	32,925	26,589	6,336
	5,300	4,277	1,023
	15,639	11,345	4,294
	88,241	94,267	-6,026
	31,004	29,826	1,178
	25,582	24,458	1,124
	1,236	1,688	-452
	19,197	15,956	3,241
	36,855	31,477	5,378
	21,731	18,054	3,677
	10,784	11,084	-300
	8,441	7,395	1,046
	997	1,177	-180
	28,151	26,535	1,616
	10,456	7,614	2,842
	13,380	14,287	-907
	6,464	6,443	21
	17,674	18,178	-504
	20,509	19,314	1,195
	7,608	6,657	951
	6,371	6,598	-227
	2,618	2,173	445
	24,495	26,051	-1,556
	2,831	2,640	191
	19,160	25,366	-6,206
	5,940	6,246	-306
	1,844	1,925	-81
	5,277	4,527	750
	29,527	35,024	-5,497
	34,080	25,250	8,830
	1,508	1,270	238
	2,020	2,081	-61
	24,666	22,177	2,489
	43,536	41,922	1,614
	39,875	47,204	-7,329
			0
	272,855	252,170	20,685
	14,383	15,323	-940
	10,389	6,471	3,918
	9,021	8,775	246
	2,954	3,125	-171
	35,505	29,965	5,540
	34,329	29,081	5,248
	22,483	15,103	7,380
	7,166	7,490	-324
	54	42	12
	13,587	12,451	1,136
	24,974	23,844	1,130
	5,038	3,825	1,213
	18,837	21,019	-2,182
	26,786	29,776	-2,990
	40,665	38,904	1,761
	27,935	26,563	1,372
	18,076	23,206	-5,130
	12,934	11,289	1,645
	16,502	16,502	0
	5,108	4,602	506
	11,966	8,478	3,488
	9,397	9,388	9
	36,689	36,569	120
	26,044	26,831	-787
	7,402	8,400	-998
	80	77	3
	654	715	-61
	12,127	16,337	-4,210
	22,714	27,564	-4,850
	18,850	26,264	-7,414
	624	582	42
	16,461	13,234	3,227
	3,704	3,812	-108
	1,288	1,045	243
	22,890	16,111	6,779
	13,984	13,984	0
	3,605	3,037	568
	6,273	4,303	1,970
			0
	725	655	70
	770	737	33
	18,539	18,826	-287
	29,807	26,238	3,569
	2,587	2,185	402
	6,171	12,876	-6,705
	18,255	15,651	2,604
	2,403	2,247	156
	247	325	-78
	15,649	11,704	3,945
	39,826	34,152	5,674
	23,072	27,076	-4,004
	674	692	-18
	1,310	1,194	116
	28,276	29,289	-1,013
	22,266	20,120	2,146
	8,652	10,500	-1,848
	5,538	6,009	-471
	33,220	31,369	1,851
	33,641	28,999	4,642
	28,457	31,341	-2,884
	7,343	6,535	808
	1,134	1,120	14
	1,030	1,098	-68
	221	216	5
	2,108	1,839	269
	4,076	3,184	892
	1,923	2,208	-285
	1,125	869	256
	6,714	10,954	-4,240
	6,453	5,955	498
	576	563	13
	29,381	27,964	1,417
	22,592	22,592	0
	3,321	5,311	-1,990
	1,265	1,133	132
	4,493	4,647	-154
	24,244	24,244	0
	37	56	-19
			0
	10,412	8,172	2,240
	5,251	7,684	-2,433
	3,931	3,878	53
	52,351	35,751	16,600
	36,435	43,710	-7,275
	6,358	5,599	759
	1,628	1,666	-38
	2,476	2,613	-137
	83,483	76,797	6,686
	5,577	6,675	-1,098
	13,251	11,654	1,597
	31,261	32,348	-1,087
	5,738	5,702	36
	24,118	18,629	5,489
	33,997	29,424	4,573
	1,532	1,650	-118
	1,764	1,880	-116
	38	40	-2
	6,940	6,375	565
	443	538	-95
	2,976	2,616	360
	4,633	3,263	1,370
	174	168	6
	6,340	3,696	2,644
	9,984	28,781	-18,797
	29,919	32,233	-2,314
	11	15	-4
	38,608	43,397	-4,789
	3,242	2,200	1,042
	2,611	2,863	-252
	3,713	3,423	290
	4,409	3,808	601
	15,004	15,421	-417
	11,821	8,070	3,751
	7,528	8,424	-896
	16,678	16,874	-196
	1,008	1,021	-13
	4,669	4,078	591
	266,263	241,105	25,158
			0
	1,260	2,759	-1,499
	12,479	12,604	-125
	7,066	6,803	263
	272,630	247,950	24,680
	106,975	107,535	-560
	14,350	14,350	0
	187	200	-13
	4,018	3,053	965
	5,739	6,050	-311
	31,976	32,968	-992
	30,448	40,999	-10,551
	2,677	2,848	-171
	15,925	15,925	0
	1,251	1,673	-422
	121,371	121,371	0
	215,810	215,810	0
	238,031	238,031	0
	179,696	179,696	0
	7,185	6,907	278
	263,260	249,063	14,197
	74,958	86,605	-11,647
	64,121	77,375	-13,254
	2,262	2,188	74
	8,318	7,260	1,058
	40,709	31,370	9,339
	268	261	7
	30,367	27,556	2,811
	41,782	41,338	444
	1,659	1,074	585
	3,124	4,191	-1,067
	13,585	15,494	-1,909
	6,601	5,625	976
	3,857	5,304	-1,447
	52,824	63,670	-10,846
	31,230	30,388	842
	25,176	21,174	4,002
	196	171	25
	31,148	24,778	6,370
	269,478	244,350	25,128
			0
	13,382	12,491	891
	950	1,260	-310
	14,061	11,947	2,114
	22,681	18,209	4,472
	11,985	12,539	-554
	1,595	1,799	-204
	1,036	1,078	-42
	202	185	17
	2,460	2,455	5
	5,519	4,682	837
	4,867	3,261	1,606
	7,943	7,719	224
	11,200	12,047	-847
	19,504	25,279	-5,775
	18,125	18,125	0
	45,881	40,195	5,686
	12,227	11,663	564
	1,227	1,260	-33
	65,149	63,543	1,606
	35,802	36,750	-948
	1,897	2,118	-221
	5,410	5,141	269
	15,821	15,610	211
	10,571	12,902	-2,331
	15,656	7,797	7,859
	262,870	349,992	-87,122
	26,275	20,003	6,272
	6,338	4,694	1,644
	123	114	9
	70	87	-17
	56,787	61,960	-5,173
	32,686	31,264	1,422
	20,538	22,178	-1,640
	366,713	707,666	-340,953
	64,181	67,029	-2,848
	10,911	6,342	4,569
	3,399	3,496	-97
	103	99	4
	5,613	5,910	-297
			0
	7,668	6,923	745
	2,491	2,200	291
	5,332	4,463	869
	15,403	15,066	337
	89,639	87,948	1,691
	22,787	18,289	4,498
	19,875	19,875	0
	3,777	3,886	-109
	187	169	18
	2,884	4,059	-1,175
	4,172	4,718	-546
	1,566	1,519	47
	11,762	14,227	-2,465
	15,462	14,832	630
	15,292	15,394	-102
	23,540	23,540	0
	10,210	10,210	0
	7,335	7,438	-103
	2,331	2,244	87
	1,381	1,448	-67
	34,166	41,602	-7,436
	13,232	14,924	-1,692
	35,450	35,807	-357
	49,606	49,804	-198
	103,405	101,149	2,256
	20,580	16,762	3,818
	9,049	8,302	747
	48,772	44,933	3,839
	39,102	39,415	-313
	1,832	1,781	51
	19,567	11,701	7,866
	2,009	2,395	-386
	14,703	13,961	742
	33,326	30,165	3,161
	31,362	27,955	3,407
	4,145	3,120	1,025
	2,902	2,795	107
	13,803	12,175	1,628
	48,227	47,724	503
			0
	7,051	5,630	1,421
	1,757	1,977	-220
	26,931	31,173	-4,242
	3,520	4,962	-1,442
	4,780	4,690	90
	14,588	13,619	969
	8,577	10,186	-1,609
	7,512	8,305	-793
	31,671	36,209	-4,538
	107,497	123,170	-15,673
	42,108	28,487	13,621
	96	91	5
	1,976	2,025	-49
	275	245	30
	12,998	20,759	-7,761
	2,850	5,307	-2,457
	25,019	20,543	4,476
	74,789	68,063	6,726
	17,815	16,652	1,163
	7,541	8,920	-1,379
	7,533	6,873	660
	8,489	5,850	2,639
	49,440	31,562	17,878
	7,456	5,458	1,998
	5,884	5,879	5
	5,086	3,160	1,926
	696	1,152	-456
	11,169	9,951	1,218
	3,339	2,721	618
	5,827	6,174	-347
	133	123	10
	786	600	186
	7,934	5,593	2,341
	17,810	17,336	474
	22,999	33,835	-10,836
	1,204	1,200	4
	192	177	15
	5,462	4,178	1,284
	5,675	6,009	-334
			0
	42,812	46,547	-3,735
	30,318	26,524	3,794
	154,855	99,200	55,655
	8,825	7,088	1,737
	36,844	31,461	5,383
	8,837	6,753	2,084
	35,199	33,855	1,344
	3,613	3,143	470
	3,867	4,184	-317
	24,300	24,300	0
	19,529	16,006	3,523
	2,150	2,150	0
	38,238	40,127	-1,889
	33,462	30,836	2,626
	219	241	-22
	11,947	12,964	-1,017
	27,963	29,109	-1,146
	1,274	1,307	-33
	9,945	11,454	-1,509
	1,157	1,413	-256
	47,627	46,443	1,184
	638	757	-119
	97,311	96,554	757
	10,510	10,170	340
	129,994	129,243	751
	17,643	13,121	4,522
	47,656	53,606	-5,950
	46,752	49,683	-2,931
	35,086	23,427	11,659
	18,780	18,780	0
	57	53	4
	8,757	6,515	2,242
	8,758	6,202	2,556
	6,715	5,819	896
	39,254	35,318	3,936
	528	458	70
	13,663	14,375	-712
	18,239	17,949	290
	1,050	966	84
			0
	344	213	131
	264,175	259,372	4,803
	57,687	56,598	1,089
	77	83	-6
	44,200	42,928	1,272
	9,428	9,538	-110
	30,015	33,618	-3,603
	5,808	5,497	311
	5,493	6,205	-712
	22,161	17,619	4,542
	3,972	5,318	-1,346
	411	298	113
	23,121	32,084	-8,963
	411	460	-49
	15,838	15,544	294
	5,216	4,176	1,040
	24,807	20,776	4,031
	25,674	30,946	-5,272
	17,348	17,512	-164
	5,315	5,750	-435
	981	1,672	-691
	189	121	68
	29,138	32,468	-3,330
	23,146	23,590	-444
	73	174	-101
	21,266	20,945	321
	5,832	5,290	542
	6,609	6,134	475
	40,667	35,028	5,639
	30,966	35,201	-4,235
	7,072	6,059	1,013
	1,403	1,442	-39
	13,118	11,033	2,085
	1,353	1,472	-119
	14,928	14,416	512
	7,915	8,554	-639
	1,704	1,425	279
	1,167	1,741	-574
	12,076	13,331	-1,255
			0
	3,727	3,297	430
	13,535	7,163	6,372
	22,799	20,275	2,524
	26,438	24,037	2,401
	2,655	2,684	-29
	3,898	3,790	108
	26,920	25,468	1,452
	14,747	18,979	-4,232
	17	15	2
	27,247	25,226	2,021
	2,759	2,659	100
	11,540	14,042	-2,502
	5,212	4,712	500
	21,965	20,638	1,327
	14,651	11,733	2,918
	2,650	2,218	432
	29,866	26,685	3,181
	36,785	30,375	6,410
	681	687	-6
	6,000	5,309	691
	25,328	35,287	-9,959
	2,958	3,227	-269
	1,218	1,226	-8
	354	349	5
	59,031	59,874	-843
	6,527	5,522	1,005
	26,404	28,527	-2,123
	8,176	7,160	1,016
	9,244	9,113	131
	14,669	13,811	858
	124	117	7
	28,404	29,068	-664
	5,843	5,451	392
	8,364	7,700	664
	17,378	17,696	-318
	8,124	7,769	355
	31,058	31,058	0
	41,572	36,690	4,882
	9,668	8,431	1,237
			0
	2,147	2,469	-322
	12,979	11,444	1,535
	2,126	2,120	6
	14,002	12,124	1,878
	19,783	19,480	303
	5,269	10,674	-5,405
	5,724	5,833	-109
	1,773	1,768	5
	8,797	10,005	-1,208
	1,486	1,546	-60
	24,852	29,122	-4,270
	26,413	32,533	-6,120
	17,839	18,617	-778
	67,304	62,283	5,021
	150	113	37
	20,372	19,665	707
	26,738	23,257	3,481
	6,147	8,537	-2,390
	4,785	6,117	-1,332
	48,011	46,625	1,386
	900	951	-51
	222	188	34
	3,233	6,261	-3,028
	29,037	29,333	-296
	1,476	1,471	5
	5,676	5,722	-46
	3,171	2,929	242
	37,245	35,779	1,466
	19,582	18,456	1,126
	30,509	30,418	91
	19,405	28,878	-9,473
	12,580	11,309	1,271
	3,915	3,445	470
	10,705	11,556	-851
	5,816	6,348	-532
	405,670	399,597	6,073
	507,188	490,457	16,731
	5,358	4,749	609
	27,717	30,560	-2,843
			0
	27,094	23,132	3,962
	879	883	-4
	1,098	1,088	10
	195	79	116
	1,548	1,735	-187
	41,847	51,815	-9,968
	39,575	37,744	1,831
	3,583	2,938	645
	49,134	48,730	404
	58,172	62,576	-4,404
	10,487	8,055	2,432
	28,071	25,824	2,247
	17,450	15,114	2,336
	1,967	1,920	47
	10,796	16,970	-6,174
	20,149	17,873	2,276
	742	859	-117
	214	492	-278
	28,113	31,162	-3,049
	260,000	249,287	10,713
	7,254	5,867	1,387
	2,420	2,073	347
	17,830	19,632	-1,802
	1,665	2,487	-822
	5,453	5,026	427
	33,751	33,049	702
	33,747	36,743	-2,996
	28,413	27,581	832

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			-80,525
b			-10,532
c			-37,351
d			107,136
e			21,259
			20,555
			-3,972
			-145
			475
			-11
			-964
			5,424
			-2,239
			-8,339
			-3,853
			2,467
			2,480
			408
			-478
			186
			1,421
			5,764
			2,895
			796
			270
			1,704
			297
			2,135
			306
			2,289
			259
			-20
			7,258
			2,865
			3,777
			-1,662
			-18
			-14,154
			100
			-931
			418
			-161
			640
			968
			0
			4,162
			-1,919
			-1,145
			10,728
			203
			-821
			1,589
			-50
			-58
			24
			1,304
			1,346
			-410
			131
			528
			122
			-3,667
			-4,011
			-1,099
			4,799
			-5,632
			231
			97
			92
			5,061
			4,913
			2,545
			1,231
			33
			-286
			1,999
			-2,057
			-494
			3,123
			5,890
			12
			1,326
			2,480
			-388
			0
			-3,420
			-908
			-432
			2,914
			6,336
			1,023
			4,294
			-6,026
			1,178
			1,124
			-452
			3,241
			5,378
			3,677
			-300
			1,046
			-180
			1,616
			2,842
			-907
			21
			-504
			1,195
			951
			-227
			445
			-1,556
			191
			-6,206
			-306
			-81
			750
			-5,497
			8,830
			238
			-61
			2,489
			1,614
			-7,329
			0
			20,685
			-940
			3,918
			246
			-171
			5,540
			5,248
			7,380
			-324
			12
			1,136
			1,130
			1,213
			-2,182
			-2,990
			1,761
			1,372
			-5,130
			1,645
			0
			506
			3,488
			9
			120
			-787
			-998
			3
			-61
			-4,210
			-4,850
			-7,414
			42
			3,227
			-108
			243
			6,779
			0
			568
			1,970
			0
			70
			33
			-287
			3,569
			402
			-6,705
			2,604
			156
			-78
			3,945
			5,674
			-4,004
			-18
			116
			-1,013
			2,146
			-1,848
			-471
			1,851
			4,642
			-2,884
			808
			14
			-68
			5
			269
			892
			-285
			256
			-4,240
			498
			13
			1,417
			0
			-1,990
			132
			-154
			0
			-19
			0
			2,240
			-2,433
			53
			16,600
			-7,275
			759
			-38
			-137
			6,686
			-1,098
			1,597
			-1,087
			36
			5,489
			4,573
			-118
			-116
			-2
			565
			-95
			360
			1,370
			6
			2,644
			-18,797
			-2,314
			-4
			-4,789
			1,042
			-252
			290
			601
			-417
			3,751
			-896
			-196
			-13
			591
			25,158
			0
			-1,499
			-125
			263
			24,680
			-560
			0
			-13
			965
			-311
			-992
			-10,551
			-171
			0
			-422
			0
			0
			0
			0
			278
			14,197
			-11,647
			-13,254
			74
			1,058
			9,339
			7
			2,811
			444
			585
			-1,067
			-1,909
			976
			-1,447
			-10,846
			842
			4,002
			25
			6,370
			25,128
			0
			891
			-310
			2,114
			4,472
			-554
			-204
			-42
			17
			5
			837
			1,606
			224
			-847
			-5,775
			0
			5,686
			564
			-33
			1,606
			-948
			-221
			269
			211
			-2,331
			7,859
			-87,122
			6,272
			1,644
			9
			-17
			-5,173
			1,422
			-1,640
			-340,953
			-2,848
			4,569
			-97
			4
			-297
			0
			745
			291
			869
			337
			1,691
			4,498
			0
			-109
			18
			-1,175
			-546
			47
			-2,465
			630
			-102
			0
			0
			-103
			87
			-67
			-7,436
			-1,692
			-357
			-198
			2,256
			3,818
			747
			3,839
			-313
			51
			7,866
			-386
			742
			3,161
			3,407
			1,025
			107
			1,628
			503
			0
			1,421
			-220
			-4,242
			-1,442
			90
			969
			-1,609
			-793
			-4,538
			-15,673
			13,621
			5
			-49
			30
			-7,761
			-2,457
			4,476
			6,726
			1,163
			-1,379
			660
			2,639
			17,878
			1,998
			5
			1,926
			-456
			1,218
			618
			-347
			10
			186
			2,341
			474
			-10,836
			4
			15
			1,284
			-334
			0
			-3,735
			3,794
			55,655
			1,737
			5,383
			2,084
			1,344
			470
			-317
			0
			3,523
			0
			-1,889
			2,626
			-22
			-1,017
			-1,146
			-33
			-1,509
			-256
			1,184
			-119
			757
			340
			751
			4,522
			-5,950
			-2,931
			11,659
			0
			4
			2,242
			2,556
			896
			3,936
			70
			-712
			290
			84
			0
			131
			4,803
			1,089
			-6
			1,272
			-110
			-3,603
			311
			-712
			4,542
			-1,346
			113
			-8,963
			-49
			294
			1,040
			4,031
			-5,272
			-164
			-435
			-691
			68
			-3,330
			-444
			-101
			321
			542
			475
			5,639
			-4,235
			1,013
			-39
			2,085
			-119
			512
			-639
			279
			-574
			-1,255
			0
			430
			6,372
			2,524
			2,401
			-29
			108
			1,452
			-4,232
			2
			2,021
			100
			-2,502
			500
			1,327
			2,918
			432
			3,181
			6,410
			-6
			691
			-9,959
			-269
			-8
			5
			-843
			1,005
			-2,123
			1,016
			131
			858
			7
			-664
			392
			664
			-318
			355
			0
			4,882
			1,237
			0
			-322
			1,535
			6
			1,878
			303
			-5,405
			-109
			5
			-1,208
			-60
			-4,270
			-6,120
			-778
			5,021
			37
			707
			3,481
			-2,390
			-1,332
			1,386
			-51
			34
			-3,028
			-296
			5
			-46
			242
			1,466
			1,126
			91
			-9,473
			1,271
			470
			-851
			-532
			6,073
			16,731
			609
			-2,843
			0
			3,962
			-4
			10
			116
			-187
			-9,968
			1,831
			645
			404
			-4,404
			2,432
			2,247
			2,336
			47
			-6,174
			2,276
			-117
			-278
			-3,049
			10,713
			1,387
			347
			-1,802
			-822
			427
			702
			-2,996
			832

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-77,390
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 . . . . . . . . . . . . .		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? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	1,176,957	23,405,466	0.050286
2008	984,043	25,376,426	0.038778
2007	1,714,480	30,026,037	0.057100
2006	1,518,123	28,432,467	0.053394
2005	1,260,458	27,213,782	0.046317

2	Total of line 1, column (d) ......................	2	0.245875
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	0.049175
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	24,433,542
5	Multiply line 4 by line 3.......................	5	1,201,519
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	4,094
7	Add lines 5 and 6.........................	7	1,205,613
8	Enter qualifying distributions from Part XII, line 4..............	8	1,215,426
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,094
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	4,094
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,094
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	6,858
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	13,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	19,858
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	15,764
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax15,764	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.TELLABS.COM/ABOUT/FOUNDATION.SHTML

The books are in care of bullet

MEREDITH HILT Telephone no. bullet

(630) 798-2506

Located at bullet

1415 WEST DIEHL ROAD NO MS 10NAPERVILLEIL ZIP+4 bullet

60563

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
MICHAEL BIRCK	PRESIDENT AND TREASURER 1.00	0	0	0
1415 WEST DIEHL ROAD NO MS 10 NAPERVILLE,IL60563	PRESIDENT AND TREASURER 1.00	0	0	0
DENISE CALLARMAN	VICE PRESIDENT 1.00	0	0	0
1415 WEST DIEHL ROAD NO MS 10 NAPERVILLE,IL60563	VICE PRESIDENT 1.00	0	0	0
STEPHANIE P MARSHALL	VICE PRESIDENT 1.00	0	0	0
1415 WEST DIEHL ROAD NO MS 10 NAPERVILLE,IL60563	VICE PRESIDENT 1.00	0	0	0
CAROL GAVIN	VICE PRESIDENT 1.00	0	0	0
1415 WEST DIEHL ROAD NO MS 10 NAPERVILLE,IL60563	VICE PRESIDENT 1.00	0	0	0
TIMOTHY J WIGGINS	VICE PRESIDENT 1.00	0	0	0
1415 WEST DIEHL ROAD NO MS 10 NAPERVILLE,IL60563	VICE PRESIDENT 1.00	0	0	0
MEREDITH HILT	SECRETARY 15.00	0	0	0
1415 WEST DIEHL ROAD NO MS 10 NAPERVILLE,IL60563	SECRETARY 15.00	0	0	0

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...................				0

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. 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	N/A	0
2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

23,750,355

Average of monthly cash balances.......................

1,055,271

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

24,805,626

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

24,805,626

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

372,084

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

24,433,542

Minimum investment return. Enter 5% of line 5...................

1,221,677

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,221,677

Tax on investment income for 2010 from Part VI, line 5......

4,094

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

4,094

Distributable amount before adjustments. Subtract line 2c from line 1............

1,217,583

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

1,217,583

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

1,217,583

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,215,426

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,215,426

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)............

4,094

Adjusted qualifying distributions. Subtract line 5 from line 4...............

1,211,332

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)

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				1,217,583
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......			1,141,671
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......
b From 2006.......
c From 2007.......
d From 2008.......
e From 2009.......
fTotal of lines 3a through e.........	0
4Qualifying distributions for 2010 from Part
XII, line 4: $ 1,215,426
a Applied to 2009, but not more than line 2a			1,141,671
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)		0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...	0
d Applied to 2010 distributable amount.....				73,755
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2010.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...		0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........			0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........				1,143,828
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........	0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............	0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......	0
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

TELLABS FOUNDATION CO MEREDITH HILT
1415 WEST DIEHL ROAD MAIL STOP 10
NAPERVILLE,IL60563
(630) 798-2506

bThe form in which applications should be submitted and information and materials they should include:

UNLESS REQUESTED DIRECTLY BY THE BOARD, ALL APPLICANTS MUST FIRST SUBMIT A LETTER OF INQUIRY. THERE IS NO STANDARD FORMAT. SUCH LETTER SHOULD INCLUDE ITEMS PER OUR WEBSITE "HTTP://WWW.TELLABS.COM/ABOUT/FOUNDATION.SHTML"

cAny submission deadlines:

VARIOUS

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

CHARITABLE FIELDS CONSIDERED ARE EDUCATION, HEALTH AND WELLNESS AND ENVIRONMENTAL AREAS

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN INSTITUTE OF MATHEMATICS 360 PORTAGE AVE PALO ALTO,CA943062244	NONE	PUBLIC	CHARITABLE	13,900
AMERICAN RED CROSS 2200 W HARRISON STREET CHICAGO,IL606123506	NONE	PUBLIC	CHARITABLE	10,000
BRIDGE COMMUNITIES 505 CRESCENT BLVD GLEN ELLYN,IL60137	NONE	PUBLIC	CHARITABLE	18,000
CONSERVATION FOUNDATION 10S404 KNOCH KNOLLS RD NAPERVILLE,IL605655448	NONE	PUBLIC	CHARITABLE	172,000
DOCTORS WITHOUT BORDERS 333 7TH AVENUE 2ND FLOOR NEW YORK,NY100015004	NONE	PUBLIC	CHARITABLE	250
DUPAGE HABITAT FOR HUMANITY 1600 E ROOSEVELT ROAD WHEATON,IL60187	NONE	PUBLIC	CHARITABLE	47,500
EASTER SEALS DUPAGE 233 SOUTH WACKER DRIVE SUITE 2400 CHICAGO,IL60606	NONE	PUBLIC	CHARITABLE	40,000
EDUCARE OF WEST DUPAGE 312 FOREST AVENUE WEST CHICAGO,IL60185	NONE	PUBLIC	CHARITABLE	50,000
EDWARD HOSPITAL FOUNDATION 801 S WASHINGTON STREET NAPERVILLE,IL60540	NONE	PUBLIC	CHARITABLE	104,400
FEED MY STARVING CHILDREN 1072 NATIONAL PARKWAY SCHAUMBURG,IL60173	NONE	PUBLIC	CHARITABLE	10,000
FEEDING AMERICA 35 EAST WACKER DRIVE SUITE 2000 CHICAGO,IL60601	NONE	PUBLIC	CHARITABLE	5,000
ISLAMIC RELIEF USA PO BOX 22250 ALEXANDRIA,VA22304	NONE	PUBLIC	CHARITABLE	1,350
LINCOLN FOUNDATION 200 WEST BROADWAY SUITE 500 LOUISVILLE,KY40202	NONE	PUBLIC	CHARITABLE	10,000
LIVINGWELL CANCER CENTER 1803 WEST STATE STREET ROUTE 38 GENEVA,IL60134	NONE	PUBLIC	CHARITABLE	30,000
MARIANJOY REHABILITATION HOSPITAL 26W171 ROOSEVELT ROAD WHEATON,IL60187	NONE	PUBLIC	CHARITABLE	100,000
MERCY SHIPS 15862 TEXAS 110 LINDALE,TX75771	NONE	PUBLIC	CHARITABLE	250
MIDTOWN EDUCATIONAL FOUNDATION 718 S LOOMIS ST CHICAGO,IL60607	NONE	PUBLIC	CHARITABLE	21,100
MORTON ARBORETUM 4100 ILLINOIS ROUTE 53 LISLE,IL60532	NONE	PUBLIC	CHARITABLE	50,000
MUSEUM OF SCIENCE & INDUSTRY 57TH STREET AND LAKE SHORE DRIVE CHICAGO,IL60637	NONE	PUBLIC	CHARITABLE	100,000
NATIONAL MERIT SCHOLARSHIP 1560 SHERMAN AVENUE EVANSTON,IL602014897	NONE	PUBLIC	CHARITABLE	19,920
NATURE CONSERVANCY 4245 NORTH FAIRFAX DRIVE SUITE 100 ARLINGTON,VA222031606	NONE	PUBLIC	CHARITABLE	100,000
NORTH TEXAS FOOD BANK 4202 DAN MORTON DRIVE DALLAS,TX75236	NONE	PUBLIC	CHARITABLE	5,000
NORTHERN ILLINOIS FOOD BANK 273 DEARBORN COURT GENEVA,IL60134	NONE	PUBLIC	CHARITABLE	40,000
OXFAM 226 CAUSEWAY STREET 5TH FLOOR BOSTON,MA021142206	NONE	PUBLIC	CHARITABLE	250
PEOPLE'S RESOURCE CENTER 201 S NAPERVILLE ROAD WHEATON,IL60187	NONE	PUBLIC	CHARITABLE	44,456
REDWOOD EMPIRE FOOD BANK 3320 INDUSTRIAL DRIVE SANTA ROSA,CA95403	NONE	PUBLIC	CHARITABLE	5,000
RONALD MCDONALD HOUSE CHARITIES ONE KROC DRIVE OAK BROOK,IL60523	NONE	PUBLIC	CHARITABLE	75,000
ROSE-HULMAN INSTITUTE OF TECHNOLOGY 5500 WABASH AVENUE TERRE HAUTE,IN47803	NONE	PUBLIC	CHARITABLE	42,000
SAVE THE CHILDREN 54 WILTON ROAD WESTPORT,CT06880	NONE	PUBLIC	CHARITABLE	20,000
SECOND HARVEST OF SANTA CLARA AND SAN MATEO 750 CURTNER AVENUE SAN JOSE,CA95125	NONE	PUBLIC	CHARITABLE	5,000
SOS CHILDREN'S SERVICES 101 SOUTH HURON ST YPSILANTI,MI48197	NONE	PUBLIC	CHARITABLE	15,300
THE TECH MUSEUM OF INNOVATION 201 SOUTH MARKET STREET SAN JOSE,CA95113	NONE	PUBLIC	CHARITABLE	25,000
THE WETLANDS INITIATIVE 53 WEST JACKSON BOULEVARD SUITE 1015 CHICAGO,IL60604	NONE	PUBLIC	CHARITABLE	20,000
VICTORY RANCH 4330 MECKLINBERG BOLIVAR,TN38008	NONE	PUBLIC	CHARITABLE	500
Total ................................. 3a				1,201,176

bApproved for future payment

Total .................................. 3b				0

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	740,776
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	-77,390
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFROM K-1: AMERICAN INFRASTRUCTURE					-4,586
bFROM K-1: ENERGY PARTNERS					-130
cFROM K-1: KINDER MORGAN					-279
dFROM K-1: HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND III-A					-205
eFROM K-1: ENDOWMENET TEI					-7,869
fFROM K-1: GLOBAL PARTNERS					-73
gFROM K-1: GENESIS ENERGY					-47
hFROM K-1: TARGA RESOURCES					-258
iFROM K-1: HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND IV					-9,942
jFROM K-1: ARTHUR STREET					-43,015
kFROM K-1: HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND III					-14,917
lFROM K-1: MORGAN STANLEY					-83,562
12 Subtotal. Add columns (b), (d), and (e)..		0		663,386	-164,883

13Total. Add line 12, columns (b), (d), and (e)...................

13498,503

(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.	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.)
11	NONE.

Form 990-PF (2010)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIXED INCOME/CORPORATE BONDS	4,069,549	4,069,549
MUTUAL FUNDS AT MERRILL LYNCH	1,551,798	1,551,798

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK	12,836,469	12,836,469
MUTUAL FUNDS AT MERRILL LYNCH	808,362	808,362

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND II	FMV	0	0
MORGAN STANLEY REAL ESTATE FUND IV	FMV	185,029	185,029
HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND III	FMV	179,949	179,949
ALTERNATIVE INVESTMENTS IN MERRILL LYNCH	FMV	2,170,806	2,170,806
HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND III-A	FMV	29,920	29,920
HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND IV	FMV	272,752	272,752
AMERICAN INFRASTRUCTURE	FMV	1	1
ENDOWMENT TEI	FMV	19,805	19,805
ARTHUR STREET	FMV	8,112	8,112

Description	Revenue and Expenses per Books	Net Investment Income
MISCELLANEOUS EXPENSES	15	15
BANK FEES	2,029	2,029
FILING FEES	10	10

Description	Amount
CHANGE IN UNREALIZED GAIN ON SECURITIES	2,076,457
ADJUSTMENT FOR K-1 ACTIVITY	103,402

Description	Revenue And Expenses Per Books	Net Investment Income
FROM K-1: AMERICAN INFRASTRUCTURE	-4,586	-4,586
FROM K-1: ENERGY PARTNERS	-130	-130
FROM K-1: KINDER MORGAN	-279	-279
FROM K-1: HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND III-A	-205	-205
FROM K-1: ENDOWMENET TEI	-7,869	-7,869
FROM K-1: GLOBAL PARTNERS	-73	-73
FROM K-1: GENESIS ENERGY	-47	-47
FROM K-1: TARGA RESOURCES	-258	-258
FROM K-1: HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND IV	-9,942	-9,942
FROM K-1: ARTHUR STREET	-43,015	-43,015
FROM K-1: HOUSE INVESTMENTS REAL ESTATE OPPORTUNITY FUND III	-14,917	-14,917
FROM K-1: MORGAN STANLEY	-83,562	-83,562