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
THE FRIST FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)3100 WEST END AVE SUITE 1200   Room/suite
City or town, state, and ZIP code
NASHVILLE, TN37203
A Employer identification number

62-1134070
B Telephone number (see page 10 of the instructions)

(615) 292-3868
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$202,133,390J 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 541,580 541,580  
4 Dividends and interest from securities...... 23,014,324 23,014,324  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,563,354
b Gross sales price for all assets on line 6a 59,604,684
7 Capital gain net income (from Part IV, line 2)... 5,305,368
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 -210,113 -43,883  
12 Total. Add lines 1 through 11........ 28,909,145 28,817,389  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 317,723 0   317,723
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 71,575 0   63,459
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 30,774 0   28,524
c Other professional fees (attach schedule)....        
17 Interest............... 653 0   653
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 679,548 0   16,839
19 Depreciation (attach schedule) and depletion... 23,884 0  
20 Occupancy.............. 59,384 0   59,384
21 Travel, conferences, and meetings....... 13,575 0   13,764
22 Printing and publications.......... 1,524 0   1,524
23 Other expenses (attach schedule)....... Click to see attachment 940,114 924,019   16,130
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,138,754 924,019   518,000
25 Contributions, gifts, grants paid........ 6,683,610 7,491,348
26 Total expenses and disbursements. Add lines 24 and 25 8,822,364 924,019   8,009,348
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 20,086,781
b Net investment income (if negative, enter -0-) 27,893,370
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 58,922    
2 Savings and temporary cash investments.......... 3,877,145 10,140,572 10,140,572
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........... 9,044 5,731 5,731
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 91,470,249 Click to see attachment99,735,151 161,453,197
c Investments—corporate bonds (attach schedule)........ 13,124,825 Click to see attachment14,440,617 14,408,993
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 14,606,478 Click to see attachment16,699,003 15,463,258
14 Land, buildings, and equipment: basis bullet217,242
Less: accumulated depreciation (attach schedule) bullet198,315 39,248 Click to see attachment18,927 18,927
15 Other assets (describe bullet) Click to see attachment350,566 Click to see attachment642,712 Click to see attachment642,712
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 123,536,477 141,682,713 202,133,390
Liabilities 17 Accounts payable and accrued expenses.......... 214,564 258,585
18 Grants payable................... 1,007,738 200,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,551,440 Click to see attachment1,374,612
23 Total liabilities (add lines 17 through 22).......... 3,773,742 1,833,197
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 119,762,735 139,849,516
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 119,762,735 139,849,516
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 123,536,477 141,682,713
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)............... 1 119,762,735
2 Enter amount from Part I, line 27a...................... 2 20,086,781
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 139,849,516
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 139,849,516
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a K-1 MBI INVESTORS, LP P 1999-11-01 2010-12-31
b K-1 TRN INVESTORS, LP P 2001-10-03 2010-12-31
c K-1 BAIN CAPITAL FUND VIII, LP P 2004-01-01 2010-12-31
d K-1 BAIN CAPITAL VIII COINVESTMENT FUND, LP P 2004-01-01 2010-12-31
e K-1 BAIN CAPITAL IX COINVESTMENT FUND, LP P 2004-01-01 2010-12-31
K-1 BAIN CAPITAL ASIA FUND, LP P 2007-01-01 2010-12-31
K-1 CROW HOLDINGS REALTY PARTNERS IV-A, LP P 2007-01-01 2010-12-31
K-1 GS ANCHORAGE ILLIQUID OPPORTUNITIES ACCESS FUND OFFSHORE HOLDINGS, L.P. P 2010-02-08 2010-12-31
BLACK RIVER GLOBAL MULTI-STRATEGY LEVERAGED FUND P 2007-04-16 2010-12-31
SHEPHERD INVESTMENTS INT'L LTD P 2004-06-24 2010-12-31
SPRUCEGROVE NON-US EQUITY OFFSHORE, LP P 2009-05-01 2010-12-31
WILLIAM BLAIR NON-US EQUITY OFFSHORE, LP P 2009-05-01 2010-12-31
JP MORGAN EUROPEAN PROPERTY FUND SUB-FUND C FEEDER P 2007-01-01 2010-12-31
WESTRIDGE ENHANCED S&P 500 INDEX P 2007-06-24 2010-12-31
PUBLICLY-TRADED SECURITIES      
CURRENCY TRANSLATION LOSS P 2010-01-01 2010-12-31
(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 24,235     24,235
b     23,002 -23,002
c 128,035     128,035
d 471,905     471,905
e 14,410     14,410
252,168     252,168
    2,733 -2,733
257,986   257,986 0
1,092,622   1,399,631 -307,009
2,735,947   2,175,084 560,863
2,500,000   1,965,060 534,940
2,500,000   1,901,924 598,076
1,683,747   3,558,585 -1,874,838
530,730   530,730 0
45,719,702   40,764,627 4,955,075
1,693,197   1,719,954 -26,757
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       24,235
b       -23,002
c       128,035
d       471,905
e       14,410
      252,168
      -2,733
      0
      -307,009
      560,863
      534,940
      598,076
      -1,874,838
      0
      4,955,075
      -26,757
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 5,305,368
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 7,535,194 135,975,711 0.055416
2008 8,762,177 199,497,355 0.043921
2007 7,965,369 222,483,387 0.035802
2006 7,512,517 200,548,937 0.037460
2005 3,046,519 185,687,911 0.016407
2 Total of line 1, column (d) ...................... 2 0.189006
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 0.037801
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 179,923,708
5 Multiply line 4 by line 3....................... 5 6,801,296
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 278,934
7 Add lines 5 and 6......................... 7 7,080,230
8 Enter qualifying distributions from Part XII, line 4.............. 8 8,009,348
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 1 278,934
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 278,934
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- ..... 5 278,934
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 462,255
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.............. 7 462,255
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 10 183,321
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet100,000 Refunded Bullet 11 83,321
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletTN
    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.FRISTFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FRIST FOUNDATION Telephone no.bullet (615) 292-3868
    Located atbullet3100 WEST END AVE SUITE 1200NASHVILLETN ZIP+4bullet37203
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    THOMAS F FRIST JR CHAIRMAN
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    FRANK F DROWOTA III DIRECTOR
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    PATRICIA C FRIST DIRECTOR
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    KENNETH L ROBERTS PRESIDENT EMERITUS
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    THOMAS F FRIST III DIRECTOR
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    WILLIAM R FRIST DIRECTOR
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    PATRICIA FRIST ELCAN DIRECTOR
    1.00     		0 0 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    PETER F BIRD JR PRESIDENT/CEO
    40.00     		216,300 42,415 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    COLETTE EASTER TREASURER
    24.00     		43,019 6,003 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    BARBARA W BAKER SECRETARY
    40.00     		58,404 17,118 0
    3100 WEST END AVE STE 1200
    NASHVILLE,TN37203
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    176,482,518
    b
    Average of monthly cash balances.......................
    1b
    5,871,329
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    309,816
    d
    Total (add lines 1a, b, and c).........................
    1d
    182,663,663
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    182,663,663
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    2,739,955
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    179,923,708
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    8,996,185
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,996,185
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    278,934
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    278,934
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,717,251
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    8,717,251
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    8,717,251
    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
    8,009,348
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,009,348
    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
    278,934
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    7,730,414
    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 8,717,251
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 765,206
    fTotal of lines 3a through e......... 765,206
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 8,009,348
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 8,009,348
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 707,903 707,903
    (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 57,303
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		57,303
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 57,303
    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:
    THE FRIST FOUNDATION
    3100 WEST END AVENUE SUITE 1200
    NASHVILLE,TN37203
    (615) 292-3868
    bThe form in which applications should be submitted and information and materials they should include:
    WHILE THERE ARE NO DEADLINES ON GENERAL GRANT APPLICATIONS, LARGER GRANTS ARE TYPICALLY APPROVED AT BOARD MEETINGS TAKING PLACE IN JANUARY, APRIL, JULY AND OCTOBER. DEPENDING ON THE TIMING OF SUBMISSION OF A GRANT APPLICATION, IT COULD TAKE AS LONG AS THREE MONTHS FOR GRANT APPROVAL. THESE GRANTS CAN RANGE FROM $1,000 TO $250,000, WITH A TYPICAL GRANT RANGING FROM $3,000 TO $20,000. THE FRIST FOUNDATION AWARDS OF ACHIEVEMENT ARE DISTRIBUTED EACH FALL FOLLOWING AN EVALUATION PROCESS ADMINISTERED BY THE CENTER FOR NONPROFIT MANAGEMENT. APPLICANTS MAY EITHER COMPLETE AN APPLICATION ONLINE OR DOWNLOAD AN APPLICATION TO SUBMIT VIA REGULAR MAIL OR FAX (615-292-5843). DOWNLOADABLE APPLICATIONS ARE AVAILABLE AS A MICROSOFT WORD DOCUMENT AT OUR WEBSITE: WWW.FRISTFOUNDATION.ORG.
    cAny submission deadlines:
    GENERAL GRANTS ARE GIVEN THROUGHOUT THE YEAR. THERE ARE NO DEADLINES ON GENERAL GRANT APPLICATIONS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR LEGAL REASONS, THE FOUNDATION DOES NOT SUPPORT INDIVIDUALS OR THEIR PROJECTS, PRIVATE FOUNDATIONS, POLITICAL ACTIVITIES, ADVERTISING OR SPONSORSHIPS. AS A MATTER OF POLICY, THE FOUNDATION DOES NOT ORDINARILY SUPPORT: *RECURRING EXPENSES FOR OPERATIONS, PROGRAMS OR SALARIES, EXCEPT AS DESCRIBED EARLIER. *PROJECTS, PROGRAMS OR ORGANIZATIONS THAT SERVE A LIMITED AUDIENCE OR A RELATIVELY SMALL NUMBER OF PEOPLE. *ENDOWMENTS OR SCHOLARSHIPS. *SOCIAL OR FUNDRAISING EVENTS. *BIOMEDICAL OR CLINICAL RESEARCH. *SCHOOLS BELOW THE COLLEGE LEVEL, EXCEPT FOR PROJECTS INTENDED TO SERVE THE BROADER COMMUNITY. *HOSPITALS OR NURSING HOMES. *DISEASE-SPECIFIC ORGANIZATIONS SEEKING SUPPORT FOR NATIONAL PROJECTS AND PROGRAMS. *ORGANIZATIONS WHOSE PRINCIPAL IMPACT IS OUTSIDE MIDDLE TENNESSEE. *RELIGIOUS ORGANIZATIONS FOR RELIGIOUS PURPOSES.
    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
    ADVENTURE SCIENCE CENTER
    800 FORT NEGLEY BLVD
    NASHVILLE,TN372034899     		  PUBLIC CHARITY GENERAL SUPPORT 250
    AMERICAN RED CROSS OF NASHVILLE
    2201 CHARLOTTE AVENUE
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN372123757     		  PUBLIC CHARITY GENERAL SUPPORT 500
    BETHLEHEM CENTERS
    1417 CHARLOTTE AVE
    NASHVILLE,TN372033413     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    BOOKS FROM BIRTH OF MIDDLE TENNESSEE
    3401 WEST END AVE SUITE 460W
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    BOY SCOUTSMIDDLE TENNESSEE COUNCIL
    PO BOX 150409
    NASHVILLE,TN372150409     		  PUBLIC CHARITY GENERAL SUPPORT 7,500
    BOY SCOUTSMIDDLE TENNESSEE COUNCIL
    PO BOX 150409
    NASHVILLE,TN372150409     		  PUBLIC CHARITY GENERAL SUPPORT 750
    CAMPUS FOR HUMAN DEVELOPMENT
    P O BOX 25309
    NASHVILLE,TN372025309     		  PUBLIC CHARITY GENERAL SUPPORT 50
    CATHOLIC CHARITIES OF TENNESSEE
    30 WHITE BRIDGE ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 125,000
    CENTER FOR NONPROFIT MANAGEMENT
    44 VANTAGE WAY SUITE 230
    NASHVILLE,TN37228     		  PUBLIC CHARITY GENERAL SUPPORT 150,000
    CENTER FOR NONPROFIT MANAGEMENT
    44 VANTAGE WAY SUITE 230
    NASHVILLE,TN37228     		  PUBLIC CHARITY GENERAL SUPPORT 250
    CENTERSTONE COMMUNITY MENTAL HEALTH CENTERS
    PO BOX 40406
    NASHVILLE,TN372040406     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    CHEEKWOOD
    1200 FORREST PARK DRIVE
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 500
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    3833 CLEGHORN AVE SUITE 400
    NASHVILLE,TN372152519     		  PUBLIC CHARITY GENERAL SUPPORT 3,500
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    3833 CLEGHORN AVE SUITE 400
    NASHVILLE,TN372152519     		  PUBLIC CHARITY GENERAL SUPPORT 500
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    3833 CLEGHORN AVE SUITE 400
    NASHVILLE,TN372152519     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    3833 CLEGHORN AVE SUITE 400
    NASHVILLE,TN372152519     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    3833 CLEGHORN AVE SUITE 400
    NASHVILLE,TN372152519     		  PUBLIC CHARITY GENERAL SUPPORT 5,000
    COMMUNITY RESOURCE CENTER
    218 OMOHUNDRO PLACE
    NASHVILLE,TN37210     		  PUBLIC CHARITY GENERAL SUPPORT 100,000
    COMMUNITY RESOURCE CENTER
    218 OMOHUNDRO PLACE
    NASHVILLE,TN37210     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    COUNTRY MUSIC FOUNDATION
    222 FIFTH AVE S
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 500
    CURREY INGRAM ACADEMY
    6544 MURRAY LANE
    BRENTWOOD,TN370275515     		  PUBLIC CHARITY GENERAL SUPPORT 500,000
    DIOCESE OF NASHVILLE
    2400 21ST AVENUE
    NASHVILLE,TN372125387     		  PUBLIC CHARITY GENERAL SUPPORT 300
    DIOCESE OF NASHVILLE
    2400 21ST AVENUE
    NASHVILLE,TN372125387     		  PUBLIC CHARITY GENERAL SUPPORT 300
    ENSWORTH SCHOOL
    211 ENSWORTH PLACE
    NASHVILLE,TN372051997     		  PUBLIC CHARITY GENERAL SUPPORT 500
    ENSWORTH SCHOOL
    211 ENSWORTH PLACE
    NASHVILLE,TN372051997     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    ENSWORTH SCHOOL
    211 ENSWORTH PLACE
    NASHVILLE,TN372051997     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    FANNIE BATTLE DAY HOME
    108 CHAPEL AVENUE
    NASHVILLE,TN37206     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    FIFTY FORWARD
    174 RAINS AVE
    NASHVILLE,TN372035319     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    FRIENDS OF RADNOR LAKE
    P O BOX 40324
    NASHVILLE,TN372040324     		  PUBLIC CHARITY GENERAL SUPPORT 2,500
    FRIENDS OF WARNER PARKS INC
    50 VAUGHN ROAD
    NASHVILLE,TN37221     		  PUBLIC CHARITY GENERAL SUPPORT 2,500
    FRIST CENTER FOR THE VISUAL ARTS INC
    919 BROADWAY
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 18,448
    FRIST CENTER FOR THE VISUAL ARTS INC
    919 BROADWAY
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 1,250,000
    FRIST CENTER FOR THE VISUAL ARTS INC
    919 BROADWAY
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 1,250,000
    FRIST CENTER FOR THE VISUAL ARTS INC
    919 BROADWAY
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 1,250,000
    FRIST CENTER FOR THE VISUAL ARTS INC
    919 BROADWAY
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 1,250,000
    GIRL SCOUTS OF MIDDLE TENNESSEE
    4522 GRANNY WHITE PIKE
    NASHVILLE,TN37204     		  PUBLIC CHARITY GENERAL SUPPORT 250
    GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS
    1725 DESALES ST NW SUITE 404
    WASHINGTON,DC20036     		  PUBLIC CHARITY GENERAL SUPPORT 1,000
    HANDS ON NASHVILLE
    209 10TH AVE S SUITE 318
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 7,500
    HANDS ON NASHVILLE
    209 10TH AVE S SUITE 318
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 75,000
    HANDS ON NASHVILLE
    209 10TH AVE S SUITE 318
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    HEALTH ASSIST TENNESSEE
    PO BOX 281858
    NASHVILLE,TN372281858     		  PUBLIC CHARITY GENERAL SUPPORT 15,000
    HOPE CLINIC FOR WOMEN
    1810 HAYES STREET
    NASHVILLE,TN372032504     		  PUBLIC CHARITY GENERAL SUPPORT 50
    JOVENES EN CAMINO
    PO BOX 1007
    SMYRNA,TN37167     		  PUBLIC CHARITY GENERAL SUPPORT 300
    JOVENES EN CAMINO
    PO BOX 1007
    SMYRNA,TN37167     		  PUBLIC CHARITY GENERAL SUPPORT 300
    JOVENES EN CAMINO
    PO BOX 1007
    SMYRNA,TN37167     		  PUBLIC CHARITY GENERAL SUPPORT 500
    JOVENES EN CAMINO
    PO BOX 1007
    SMYRNA,TN37167     		  PUBLIC CHARITY GENERAL SUPPORT 500
    KIPP ACADEMY NASHVILLE
    123 DOUGLAS AVENUE
    NASHVILLE,TN37207     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    LEADERSHIP NASHVILLE FOUNDATION
    PO BOX 190498
    NASHVILLE,TN372190498     		  PUBLIC CHARITY GENERAL SUPPORT 5,000
    LEADERSHIP NASHVILLE FOUNDATION
    PO BOX 190498
    NASHVILLE,TN372190498     		  PUBLIC CHARITY GENERAL SUPPORT 1,000
    LEGAL AID SOCIETY OF MIDDLE TENNESSEE AND THE CUMBERLANDS
    300 DEADERICK ST
    NASHVILLE,TN37201     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    LIPSCOMB UNIVERSITY
    3901 GRANNY WHITE PIKE
    NASHVILLE,TN372043951     		  PUBLIC CHARITY GENERAL SUPPORT 500
    LIPSCOMB UNIVERSITY
    3901 GRANNY WHITE PIKE
    NASHVILLE,TN372043951     		  PUBLIC CHARITY GENERAL SUPPORT 250
    MARTHA O'BRYAN CENTER
    711 S SEVENTH ST
    NASHVILLE,TN372063895     		  PUBLIC CHARITY GENERAL SUPPORT -40,000
    MARTHA O'BRYAN CENTER
    711 S SEVENTH ST
    NASHVILLE,TN372063895     		  PUBLIC CHARITY GENERAL SUPPORT 125,000
    MERCY CHILDREN'S CLINIC
    1113 MURFREESBORO ROAD SUITE 319
    FRANKLIN,TN37064     		  PUBLIC CHARITY GENERAL SUPPORT 7,500
    MONTGOMERY BELL ACADEMY
    4001 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 6,500
    MONTGOMERY BELL ACADEMY
    4001 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 750
    MT JULIET CHURCH OF CHRIST
    1940 NORTH MT JULIET ROAD
    MT JULIET,TN37122     		  PUBLIC CHARITY GENERAL SUPPORT 50
    MT JULIET CHURCH OF CHRIST
    1940 NORTH MT JULIET ROAD
    MT JULIET,TN37122     		  PUBLIC CHARITY GENERAL SUPPORT 50
    MT JULIET CHURCH OF CHRIST
    1940 NORTH MT JULIET ROAD
    MT JULIET,TN37122     		  PUBLIC CHARITY GENERAL SUPPORT 50
    NASHVILLE ALLIANCE FOR PUBLIC EDUCATION
    2400 FAIRFAX AVE
    NASHVILLE,TN37212     		  PUBLIC CHARITY GENERAL SUPPORT 750
    NASHVILLE AREA HABITAT FOR HUMANITY
    1006 EIGHTH AVE S
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 7,500
    NASHVILLE CHAMBER PUBLIC BENEFIT FOUNDATION
    211 COMMERCE ST SUITE 100
    NASHVILLE,TN37201     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    NASHVILLE CHILDREN'S THEATRE
    25 MIDDLETON ST
    NASHVILLE,TN37210     		  PUBLIC CHARITY GENERAL SUPPORT 75,000
    NASHVILLE OPERA ASSOCIATION
    3622 REDMON STREET
    NASHVILLE,TN37209     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    NASHVILLE PUBLIC TELEVISION COUNCIL
    161 RAINS AVENUE
    NASHVILLE,TN372035330     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    NASHVILLE RESCUE MISSION
    PO BOX 333229
    NASHVILLE,TN372037535     		  PUBLIC CHARITY GENERAL SUPPORT 100,000
    NASHVILLE SCHOOL OF LAW
    4013 ARMORY OAKS DRIVE
    NASHVILLE,TN37204     		  PUBLIC CHARITY GENERAL SUPPORT 500
    NASHVILLE SYMPHONY ASSOCIATION
    ONE SYMPHONY PLACE
    NASHVILLE,TN372012031     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    NASHVILLE SYMPHONY ASSOCIATION
    ONE SYMPHONY PLACE
    NASHVILLE,TN372012031     		  PUBLIC CHARITY GENERAL SUPPORT 1,000
    NASHVILLE SYMPHONY ASSOCIATION
    ONE SYMPHONY PLACE
    NASHVILLE,TN372012031     		  PUBLIC CHARITY GENERAL SUPPORT 5,000
    PUBLIC LIBRARY OF NASHVILLE
    615 CHURCH STREET
    NASHVILLE,TN372192314     		  PUBLIC CHARITY GENERAL SUPPORT 750
    ROOFTOP FOUNDATION
    3511 GALLATIN ROAD SUITE 202
    NASHVILLE,TN37216     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 600
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 600
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 600
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 100
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 600
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 600
    SAINT HENRY CHURCH
    6401 HARDING ROAD
    NASHVILLE,TN37205     		  PUBLIC CHARITY GENERAL SUPPORT 600
    SALVATION ARMY
    PO BOX 78625
    NASHVILLE,TN372078625     		  PUBLIC CHARITY GENERAL SUPPORT 125,000
    SALVATION ARMY
    PO BOX 78625
    NASHVILLE,TN372078625     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    SALVATION ARMY
    PO BOX 78625
    NASHVILLE,TN372078625     		  PUBLIC CHARITY GENERAL SUPPORT 750
    SECOND HARVEST FOOD BANK OF MIDDLE TENNESSEE
    331 GREAT CIRCLE ROAD
    NASHVILLE,TN37228     		  PUBLIC CHARITY GENERAL SUPPORT 7,500
    SECOND HARVEST FOOD BANK OF MIDDLE TENNESSEE
    331 GREAT CIRCLE ROAD
    NASHVILLE,TN37228     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    50 HURT PLAZA THE HURT BUILDING
    SUITE 350
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL SUPPORT 8,000
    ST JAMES EPISCOPAL SCHOOL
    602 S CARANCAHUA ST
    CORPUS CHRISTI,TX78401     		  PUBLIC CHARITY GENERAL SUPPORT 500
    ST LUKE'S COMMUNITY HOUSE
    5601 NEW YORK AVENUE
    NASHVILLE,TN372091495     		  PUBLIC CHARITY GENERAL SUPPORT 125,000
    STARS NASHVILLE
    1704 CHARLOTTE AVENUE SUITE 200
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 250
    SUPREME COURT OF TENNESSEE
    ADMIN OFFICE OF THE COURTS
    NASHVILLE CITY CTR STE 600 511 UNIO
    NASHVILLE,TN37219     		  PUBLIC CHARITY GENERAL SUPPORT 5,000
    TENNESSEE STATE MUSEUM FOUNDATION
    JAMES K POLK BUILDING 505 DEADERICK
    STREET
    NASHVILLE,TN372431120     		  PUBLIC CHARITY GENERAL SUPPORT 2,500
    TENNESSEE WILDLIFE FEDERATION
    300 ORLANDO AVENUE SUITE 200
    NASHVILLE,TN372093257     		  PUBLIC CHARITY GENERAL SUPPORT 7,500
    THE MINNIE PEARL CANCER FOUNDATION
    310 25TH AVENUE NORTH SUITE 103
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 250
    THE SEXUAL ASSAULT CENTER
    101 FRENCH LANDING DRIVE
    NASHVILLE,TN37228     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    UNITED WAY OF METROPOLITAN NASHVILLE
    PO BOX 280420
    NASHVILLE,TN372280420     		  PUBLIC CHARITY GENERAL SUPPORT 5,000
    UNITED WAY OF METROPOLITAN NASHVILLE
    PO BOX 280420
    NASHVILLE,TN372280420     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    VANDERBILT CENTER FOR HEALTH SERVICES
    STATION 17 VANDERBILT UNIVERSITY
    NASHVILLE,TN372328180     		  PUBLIC CHARITY GENERAL SUPPORT 65,000
    VANDERBILT UNIVERSITY
    211 KIRKLAND HALL
    NASHVILLE,TN372120158     		  PUBLIC CHARITY GENERAL SUPPORT 4,000
    VANDERBILT UNIVERSITY
    211 KIRKLAND HALL
    NASHVILLE,TN372120158     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    VANDERBILT UNIVERSITY
    211 KIRKLAND HALL
    NASHVILLE,TN372120158     		  PUBLIC CHARITY GENERAL SUPPORT 1,500
    VANDERBILT UNIVERSITY
    211 KIRKLAND HALL
    NASHVILLE,TN372120158     		  PUBLIC CHARITY GENERAL SUPPORT 500
    VANDERBILT UNIVERSITY
    GIFT PROCESSING CENTER VU STATION B
    357727
    NASHVILLE,TN372357727     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    WOODMONT CHRISTIAN CHURCH
    3601 HILLSBORO ROAD
    NASHVILLE,TN37215     		  PUBLIC CHARITY GENERAL SUPPORT 500
    WOODMONT CHRISTIAN CHURCH
    3601 HILLSBORO ROAD
    NASHVILLE,TN37215     		  PUBLIC CHARITY GENERAL SUPPORT 2,000
    YMCA OF MIDDLE TENNESSEE
    1000 CHURCH STREET
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    YMCA OF MIDDLE TENNESSEE
    1000 CHURCH STREET
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    YMCA OF MIDDLE TENNESSEE
    1000 CHURCH STREET
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    YMCA OF MIDDLE TENNESSEE
    1000 CHURCH STREET
    NASHVILLE,TN37203     		  PUBLIC CHARITY GENERAL SUPPORT 500
    YOUNG LEADERS COUNCIL
    2200 HILLSBORO ROAD SUITE 260
    NASHVILLE,TN37212     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    Total .................................bullet 3a 7,491,348
    bApproved for future payment
    CAMPUS FOR HUMAN DEVELOPMENT
    PO BOX 25309
    NASHVILLE,TN372025309     		  PUBLIC CHARITY CAPITAL CAMPAIGN 50,000
    GORDON JEWISH COMMUNITY CENTER
    801 PERCY WARNER BLVD
    NASHVILLE,TN37205     		  PUBLIC CHARITY CAPITAL CAMPAIGN 50,000
    UNITED WAY OF METROPOLITAN NASHVILLE
    PO BOX 280420
    NASHVILLE,TN372280420     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    NASHVILLE OPERA ASSOCIATION
    3622 REDMON STREET
    NASHVILLE,TN37209     		  PUBLIC CHARITY CAPITAL CAMPAIGN 50,000
    Total ..................................bullet 3b 200,000
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 541,580  
    4 Dividends and interest from securities....     14 23,014,324  
    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..... 523000 1,562 14 171,068  
    8Gain or (loss) from sales of assets other than inventory     18 5,563,354  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 CROW HOLDINGS REALTY PARTNERS IV-A LP (UNRELATED BUSINESS TAXABLE LOSS) 523000 -382,743      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -381,181 29,290,326 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    1328,909,145
    (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:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 30,774 0   28,524

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMGEN INC. 5.85% 06/01/2017 SER B SR LIEN M-W+15.00BP 322,869 342,450
    ANHEUSER-BUSCH INBEV WORLDWIDE 4.125% 01/15/2015 USD SER B SR LIEN M-W+30.00 359,233 368,627
    AUTOZONE, INC. 6.5% 01/15/2014 M-W+50.00BP 331,495 333,159
    BANK OF AMERICA CORPORATION 3.7% 09/01/2015 SR LIEN 326,157 322,195
    BANK OF NEW YORK MELLON (THE) 5.125% 08/27/2013 324,705 328,890
    CISCO SYSTEMS, INC. 4.45% 01/15/2020 M-W+15.00BP 315,264 314,310
    CLOROX COMPANY (THE) 5.45% 10/15/2012 SR LIEN M-W+20.00BP 320,183 321,753
    COMCAST CORPORATION 5.9% 03/15/2016 SR LIEN M-W+20.00BP 259,524 279,883
    CVS CAREMARK CORPORATION 3.25% 05/18/2015 SR LIEN M-W+15.00BP 301,952 304,887
    DUKE ENERGY INDIANA, INC. 3.75% 07/15/2020 M-W+15.00BP 302,326 292,872
    JEFFERIES GROUP INC. 8.5% 07/15/2019 SR LIEN M-W+50.00BP 337,587 343,014
    JOHNSON & JOHNSON 2.95% 09/01/2020 SR LIEN M-W+7.50BP 196,670 191,366
    JPMORGAN CHASE & CO. 3.4% 06/24/2015 304,441 305,925
    LITTON INDUSTRIES INC 6.750000 04/15/2018 220,515 234,330
    MCKESSON CORPORATION 6.5% 02/15/2014 M-W+50.00BP 312,135 308,957
    MORGAN STANLEY MTN 6.0% 04/28/2015 USD SR LIEN 554,421 541,500
    NEWS AMERICA INCORPORATED 5.3% 12/15/2014 USD 327,488 331,509
    OMNICOM GROUP INC. 5.9% 04/15/2016 SR LIEN 403,311 390,068
    TIME WARNER CABLE INC. 5.85% 05/01/2017 USD 328,149 334,740
    TYCO INTERNATIONAL FINANCE S.A 3.375% 10/15/2015 M-W+15.00BP 351,608 357,654
    WAL-MART STORES, INC. 3.625% 07/08/2020 SR LIEN 299,735 291,954
    BNP PARIBAS LNK TO BEARISH EUR VS USD SER 812 SR LIEN STRUCTURED NOTE 1,400,000 1,357,103
    EKSPORTFINANS ASA LNK TO ASIAN FX BASK V USD 0% CPN DUE 01-12 STRUCT NOTE 700,000 697,774
    EKSPORTFINANS ASA LNK TO INR,IDR VS USD,NZD 0% CPN DUE 4/18/2011 STRUCT NOTE 1,114,834 1,212,970
    BNP PARIBAS LINKED TO EUROSTOXX 50 DIV PTS 0% CPN DUE 12/31/2012 STRUCT NOTE 1,391,600 1,384,439
    BNP PARIBAS LINKED TO TOPIX 0% COUPON DUE 05/17/2012 STRUCTURED NOTE 880,440 923,918
    EKSPORTFINANS ASA LINKED TO TPX INDEX 0% DUE 04/16/2012 STRUCTURED NOTE 899,100 898,228
    EKSPORTFINANS ASA LINKED TO TPX INDEX 0% CPN DUE 10/26/2011 STRUCTURED NOTE 1,254,875 1,094,518

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HCA INC COMMON STOCK - 490,000 SHS 2,619,470 51,067,800
    OZ OVERSEAS FUND II LTD 4,808,250 5,807,268
    SHEPHERD INVESTMENTS INT'L LTD. 1,866,897 1,840,955
    SPRUCEGROVE NON-US EQUITY OFFSHORE, LP 2,284,940 3,274,831
    WILLIAM BLAIR NON-US EQUITY OFFSHORE, LP 2,348,076 3,592,247
    GOLDMAN SACHS INVESTMENT PARTNERS 6,000,000 6,344,428
    WESTRIDGE ENHANCED S&P 500 INDEX 11,478,950 4,726,539
    GS HIGH YIELD FUND INSTITUTIONAL SHARES 2,727,938 2,998,454
    GS LOCAL EMERGING MARKETS DEBT FUND INSTITUTIONAL SHARES 2,115,109 2,176,511
    GS EMERGING MARKETS EQUITY FUND INSTITUTIONAL SHARES 1,090,489 1,770,846
    ISHARES TR-ISHARES MSCI EAFE INDEX FUND ETF 4,057,669 5,495,968
    ISHARES TR-ISHARES MSCI EAFE INDEX FUND ETF 6,557,385 8,008,161
    GS HIGH YIELD FUND INSTITUTIONAL SHARES 4,766,253 6,245,188
    ABBOTT LABORATORIES CMN 191,156 174,387
    ACTUANT CORP CMN CLASS A 91,237 146,570
    ADOBE SYSTEMS INC CMN 213,258 232,820
    ADTRAN INC CMN 56,794 59,674
    AETNA INC CMN 151,685 163,991
    AFLAC INCORPORATED CMN 158,703 224,817
    ALCON, INC. CMN SERIES 115,397 145,589
    AMERICAN ELECTRIC POWER INC CMN 201,535 219,694
    AMERICAN EXPRESS CO. CMN 143,167 148,718
    AMERICAN PUBLIC EDUCATION INC. CMN 142,851 154,248
    AMERICAN TOWER CORPORATION CMN CLASS A 160,375 192,566
    AMERICAN TOWER CORPORATION CMN CLASS A 331,430 531,840
    AMERIPRISE FINANCIAL, INC. CMN 186,175 317,388
    ANSYS INC CMN 410,191 573,551
    APACHE CORP. CMN 152,883 185,403
    APPLE, INC. CMN 131,600 238,694
    APPLE, INC. CMN 410,872 742,533
    ARCHER DANIELS MIDLAND CO CMN 154,622 174,524
    AVON PRODUCTS INC. CMN 265,485 266,161
    BANK OF AMERICA CORP CMN 340,023 378,362
    BAXTER INTERNATIONAL INC CMN 286,275 291,369
    BAXTER INTERNATIONAL INC CMN 348,475 330,852
    BEACON ROOFING SUPPLY, INC. CMN 234,693 238,618
    BIOGEN IDEC INC. CMN 185,542 266,524
    BOEING COMPANY CMN 166,071 208,832
    BOEING COMPANY CMN 204,430 247,335
    BROADCOM CORP CL-A CMN CLASS A 133,911 212,655
    CAMERON INTERNATIONAL CORP CMN 121,907 173,649
    CAPELLA EDUCATION COMPANY CMN 130,575 125,903
    CB RICHARD ELLIS GROUP, INC. CMN CLASS A 155,481 309,883
    CBS CORPORATION CMN CLASS B 222,617 251,765
    CELGENE CORPORATION CMN 137,452 136,081
    CHARLES SCHWAB CORPORATION CMN 187,872 182,512
    CISCO SYSTEMS, INC. CMN 215,807 207,924
    CISCO SYSTEMS, INC. CMN 369,820 390,378
    CME GROUP INC. CMN CLASS A 399,417 488,095
    COMCAST CORPORATION CMN CLASS A NON VOTING 185,604 253,882
    COMCAST CORPORATION CMN CLASS A VOTING 214,179 267,770
    COMPUTER SCIENCES CORP CMN 109,213 110,360
    CON-WAY INC. CMN 138,004 153,045
    CORE LABORATORIES N.V. CMN 137,704 223,516
    CORN PRODUCTS INTL INC CMN 132,072 195,500
    CORNING INCORPORATED CMN 178,741 202,763
    COSTCO WHOLESALE CORPORATION CMN 301,958 428,566
    CROWN CASTLE INTL CORP COMMON STOCK 160,325 286,824
    CVS CAREMARK CORPORATION CMN 255,039 254,655
    DANA HOLDING CORPORATION CMN 106,076 116,168
    DAVITA INC CMN 143,097 175,462
    DEALERTRACK HOLDINGS, INC. CMN 156,350 189,039
    DELL INC CMN 149,046 152,709
    DEVON ENERGY CORPORATION (NEW) CMN 247,560 277,925
    DISH NETWORK CORPORATION CMN CLASS A 184,952 222,040
    DOW CHEMICAL CO CMN 257,487 318,390
    DRIL-QUIP, INC. CMN 57,489 79,663
    E. I. DU PONT DE NEMOURS AND C CMN 150,966 226,954
    ELECTRONIC ARTS CMN 97,280 82,473
    EMC CORPORATION MASS CMN 296,802 341,760
    ENDO PHARMACEUTICALS HLDGS INC CMN 159,613 264,075
    ENTERGY CORPORATION CMN 193,361 189,541
    EQUINIX INC CMN 175,029 201,281
    EVEREST RE GROUP LTD CMN 174,779 188,979
    EXPEDITORS INTL WASH INC CMN 334,942 501,446
    EXXON MOBIL CORPORATION CMN 325,507 350,245
    FASTENAL CO CMN 463,126 688,845
    FORD MOTOR COMPANY CMN 184,695 221,964
    FRANKLIN RESOURCES INC CMN 147,616 221,530
    FRANKLIN RESOURCES INC CMN 186,600 247,442
    GAMESTOP CORP CMN CLASS A 217,316 222,508
    GENERAL ELECTRIC CO CMN 467,585 513,291
    GENERAL MILLS INC CMN 259,909 261,729
    GENUINE PARTS CO. CMN 168,331 232,827
    GILEAD SCIENCES CMN 187,395 143,837
    GOOGLE, INC. CMN CLASS A 163,926 188,882
    HALLIBURTON COMPANY CMN 234,912 327,661
    HARTFORD FINANCIAL SRVCS GROUP CMN 235,751 267,099
    HEALTHCARE SVCS GROUP INC CMN 167,547 192,702
    HONEYWELL INTL INC CMN 238,422 372,864
    HUDSON CITY BANCORP INC CMN 98,626 97,588
    IDEXX LABORATORIES CMN 491,153 690,123
    II-VI INC CMN 149,753 244,595
    INTEL CORPORATION CMN 131,748 152,341
    INTL GAME TECHNOLOGY CMN 146,636 158,237
    IRON MOUNTAIN INC CMN 129,573 126,426
    JACOBS ENGINEERING GRP CMN 326,944 371,156
    JOHNSON & JOHNSON CMN 255,020 283,953
    JOHNSON CONTROLS INC CMN 139,314 232,485
    JPMORGAN CHASE & CO CMN 445,459 546,242
    K12 INC. CMN 147,441 190,532
    KB HOME CMN 155,497 141,132
    LABORATORY CORPORATION OF AMER CMN 227,090 282,663
    LOWES COMPANIES INC CMN 377,341 443,540
    MARKEL CORPORATION CMN 251,123 302,504
    MASCO CORPORATION CMN 182,539 158,503
    MASTERCARD INCORPORATED CMN CLASS A 294,350 299,411
    MEMC ELECTRONIC MATERIAL COMMON STOCK 171,840 136,021
    MERCK & CO., INC. CMN 439,783 425,777
    METLIFE, INC. CMN 242,062 309,747
    MICROSOFT CORPORATION CMN 263,717 331,655
    MICROSOFT CORPORATION CMN 334,674 401,625
    MONSANTO COMPANY CMN 195,502 185,033
    NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN 126,372 208,811
    NEWFIELD EXPLORATION CO. CMN 211,595 324,567
    NIKE CLASS-B CMN CLASS B 228,089 296,664
    NORTHERN TRUST CORP CMN 211,030 223,191
    NYSE EURONEXT CMN 191,395 222,452
    OCCIDENTAL PETROLEUM CORP CMN 147,269 184,330
    OCCIDENTAL PETROLEUM CORP CMN 217,497 250,646
    OCCIDENTAL PETROLEUM CORP CMN 333,658 463,719
    ONEOK INC CMN 149,033 235,193
    ORACLE CORPORATION CMN 166,854 239,602
    ORACLE CORPORATION CMN 263,274 410,187
    P G & E CORPORATION CMN 262,789 275,463
    PEPSICO INC CMN 243,534 254,395
    PEPSICO INC CMN 345,053 417,981
    PNC FINANCIAL SERVICES GROUP CMN 103,766 108,992
    POTASH CORP OF SASKATCHEWAN INC 180,426 241,380
    PRAXAIR, INC CMN SERIES 163,499 183,684
    PRAXAIR, INC CMN SERIES 251,656 311,710
    PRICE T ROWE GROUP INC CMN 257,008 368,652
    PROCTER & GAMBLE COMPANY (THE) CMN 223,208 272,759
    PRUDENTIAL FINANCIAL INC CMN 311,237 352,319
    QUALCOMM INC CMN 414,500 489,605
    QUALCOMM INC CMN 529,256 602,392
    RANGE RESOURCES CORPORATION CMN 281,940 262,278
    RESMED INC. CMN 303,272 437,365
    ROCKWELL COLLINS, INC. CMN 129,359 161,672
    ROPER INDS INC (NEW) CMN 235,084 338,432
    SCHLUMBERGER LTD CMN 325,545 528,555
    SCHLUMBERGER LTD CMN 448,407 669,587
    SERVICE CORP INTERNATL CMN 51,828 64,870
    SLM CORPORATION CMN 183,435 261,167
    SOUTHWESTERN ENERGY CO. CMN 272,181 268,149
    SPDR KBW BANK ETF CMN ETF 1,382,466 1,505,630
    SPDR S&P 500 ETF TRUST SPDR 948,682 1,345,525
    SPDR S&P 500 ETF TRUST SPDR 8,600,898 11,279,775
    SPRINT NEXTEL CORPORATION CMN 303,608 293,405
    ST JUDE MEDICAL INC CMN 308,014 362,435
    STAPLES, INC. CMN 409,754 405,807
    STERICYCLE INC CMN 249,136 367,781
    SUNTRUST BANKS INC $1.00 PAR CMN 174,545 185,706
    TD AMERITRADE HOLDING CORPORAT CMN 95,180 98,748
    TECHNE CORP CMN 271,295 291,509
    TEVA PHARMACEUTICAL IND LTD ADS 215,134 221,553
    TEVA PHARMACEUTICAL IND LTD ADS 213,348 225,879
    TEVA PHARMACEUTICAL IND LTD ADS 249,524 256,063
    TEXAS INSTRUMENTS INC. CMN 211,753 255,288
    THE BANK OF NY MELLON CORP CMN 168,882 176,308
    THE TRAVELERS COMPANIES, INC CMN 117,545 162,228
    THERMO FISHER SCIENTIFIC INC CMN 165,754 216,458
    THERMO FISHER SCIENTIFIC INC CMN 229,182 306,750
    TJX COMPANIES INC (NEW) CMN 145,599 164,465
    TRIMBLE NAVIGATION LTD CMN 217,428 343,638
    TUPPERWARE BRANDS CORPORATION CMN 145,388 177,809
    U.S. BANCORP CMN 311,672 360,130
    ULTRA PETROLEUM CORP CMN 415,567 432,271
    UNIT CORP CMN 101,167 128,471
    UNITEDHEALTH GROUP INCORPORATE CMN 134,258 156,717
    VENTAS, INC. CMN 85,690 108,896
    VISA INC. CMN CLASS A 184,609 173,839
    VISA INC. CMN CLASS A 299,778 294,540
    WABTEC CORP CMN 144,270 174,801
    WARNACO GROUP INC. CMN 148,573 186,412
    WASTE MANAGEMENT INC CMN 175,327 214,215
    WEATHERFORD INTERNATIONAL LTD CMN 208,060 209,304
    WELLPOINT, INC. CMN 183,441 235,855
    WISCONSIN ENERGY CORP(HLDG CO) CMN 165,563 198,653
    XILINX INCORPORATED CMN 279,475 304,290
    YAHOO INC CMN 136,836 148,672

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RYE SELECT BROAD MARKET FUND, LP AT COST 4,773 4,773
    BAIN CAPITAL FUND VIII, LP AT COST 604,530 935,037
    AEA INVESTORS AT COST 947 3,178
    BAIN CAPITAL VIII CO-INVESTMENT FUND, LP AT COST 1,620,115 2,770,835
    BAIN CAPITAL IX CO-INVESTMENT FUND, LP AT COST 947,671 847,674
    CROW HOLDINGS REALTY PARTNERS IV-A, LP AT COST 4,546,730 2,708,776
    BAIN CAPITAL ASIA FUND, LP AT COST 1,772,718 1,671,919
    JP MORGAN INFRASTRUCTURE FUND AT COST 4,586,031 3,708,312
    CROW HOLDINGS V-A AT COST 596,285 596,285
    GS ANCHORAGE ILLIQUID OPPORTUNITIES OFFSHORE HOLDINGS, LP AT COST 1,875,793 1,965,189
    GOLDMAN SACHS PRIVATE EQUITY PARTNERS II OFFSHORE, LP AT COST 143,410 251,280

    TY 2010 LandEtcSchedule2
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 66,759 62,411 4,348 4,348
    FURNITURE 55,261 51,625 3,636 3,636
    LEASEHOLD IMPROVEMENTS 95,222 84,279 10,943 10,943


    TY 2010 OtherAssetsSchedule
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 338,447 285,158 285,158
    REFUNDABLE FEDERAL EXCISE TAX 12,119 183,412 183,412
    DUE FROM INVESTMENT BROKERS 0 174,142 174,142


    TY 2010 OtherExpensesSchedule
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DATA PROCESSING FEES 414 0   414
    TELEPHONE 4,301 0   4,230
    POSTAGE & SHIPPING 446 0   446
    DUES & SUBSCRIPTIONS 1,519 0   1,519
    REPAIRS & MAINTENANCE 4,368 0   4,328
    OFFICE SUPPLIES 4,143 0   4,289
    INSURANCE 904 0   904
    INVESTMENT MANAGER FEES 657,318 657,318   0
    LIMITED PARTNERSHIP EXPENSES 266,701 266,701   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 BAIN CAPITAL FUND VIII, LP (OTHER INVESTMENT LOSS) -612 -612 -612
    K-1 BAIN CAPITAL VIII COINVESTMENT FUND, LP (OTHER INVESTMENT LOSS) -1,990 -1,990 -1,990
    K-1 CROW HOLDINGS REALTY PARTNERS IV-A LP (OTHER INVESTMENT LOSS) -69,175 -69,175 -69,175
    K-1 CROW HOLDINGS REALTY PARTNERS IV-A LP (BOOK/TAX DIFFERENCE) 203,724 0 203,724
    K-1 CROW HOLDINGS REALTY PARTNERS IV-A LP (OTHER INCOME) 15,180 15,180 15,180
    K-1 CROW HOLDINGS REALTY PARTNERS V-A LP (UNRELATED BUSINESS TAXABLE INCOME) 1,562 0 1,562
    K-1 CROW HOLDINGS REALTY PARTNERS V-A LP (BOOK/TAX DIFFERENCE) 14,835 0 14,835
    K-1 JPMORGAN IIF TAX-EXEMPT LP (OTHER INCOME) 1,737 1,737 1,737
    OTHER INCOME 10,977 10,977 10,977
    K-1 ANCHORAGE ILL OPPORT ACCESS FD OFFSHORE HLDGS LP (BOOK/TAX DIFFERENCE) -3,608 0 -3,608
    K-1 CROW HOLDINGS REALTY PARTNERS IV-A LP (UNRELATED BUSINESS TAXABLE LOSS) -382,743   -382,743


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Description Beginning of Year - Book Value End of Year - Book Value
    UNAMORTIZED LEASE ALLOWANCE 9,234 4,197
    DUE TO INVESTMENT BROKER 1,345,983 0
    DEFERRED FEDERAL EXCISE TAXES 829,145 1,213,147
    COVERED CALL OPTION (SPY) EXP 01/22/2011 0 35,176
    COVERED CALL OPTION (SPY) EXP 02/19/2011 0 19,690
    COVERED CALL OPTION (SPY) EXP 03/19/2011 0 40,948
    COVERED CALL OPTION (EFA) EXP 01/22/2011 0 28,320
    COVERED CALL OPTION (EFA) EXP 01/22/2011 0 9,040
    COVERED CALL OPTION (EFA) EXP 02/19/2011 0 5,110
    COVERED CALL OPTION (EFA) EXP 03/19/2011 0 18,984
    COVERED CALL OPTION (EFAAE) EXP 01/16/2010 29,605 0
    COVERED CALL OPTION (EFABG) EXP 02/20/2010 7,370 0
    COVERED CALL OPTION (EFACF) EXP 03/20/2010 87,460 0
    COVERED CALL OPTION (EFACF) EXP 03/20/2010 10,664 0
    COVERED CALL OPTION (RDQCL) EXP 03/31/2010 72,539 0
    COVERED CALL OPTION (SPYBK) EXP 02/20/2010 39,671 0
    COVERED CALL OPTION (SPYCF) EXP 03/20/2010 84,970 0
    COVERED CALL OPTION (SPYCN) EXP 03/20/2010 34,799 0


    TY 2010 TaxesSchedule
    Name:
    THE FRIST FOUNDATION
    EIN: 62-1134070
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES - CURRENT 278,707 0   0
    FEDERAL EXCISE TAXES - DEFERRED 384,002 0   0
    PAYROLL TAXES 16,839 0   16,839