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
DR ALVIN & MONICA SAAKE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 894269   Room/suite
City or town, state, and ZIP code
MILILANI, HI96789
A Employer identification number

73-1671840
B Telephone number (see page 10 of the instructions)

(808) 381-1710
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$3,083,232J 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 69,853 65,790 69,853
4 Dividends and interest from securities...... 62,449 61,211 62,449
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 17,514
b Gross sales price for all assets on line 6a 1,244,943
7 Capital gain net income (from Part IV, line 2)... 10,681
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 1,912 1,912 1,912
12 Total. Add lines 1 through 11........ 151,728 139,594 134,214
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000 9,000   27,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,571 1,571    
c Other professional fees (attach schedule).... Click to see attachment 20,746 20,746    
17 Interest............... 1,604 1,604    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,606 1,606    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,785 1,785    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 63,312 36,312   27,000
25 Contributions, gifts, grants paid........ 165,050 165,050
26 Total expenses and disbursements. Add lines 24 and 25 228,362 36,312   192,050
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -76,634
b Net investment income (if negative, enter -0-) 103,282
c Adjusted net income (if negative, enter -0-)... 134,214
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............... 25,211 4,898 4,898
2 Savings and temporary cash investments.......... 676,020 429,444 429,444
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 823,137 Click to see attachment982,702 982,702
b Investments—corporate stock (attach schedule)........ 1,242,509 Click to see attachment1,385,752 1,385,752
c Investments—corporate bonds (attach schedule)........ 320,792 Click to see attachment280,436 280,436
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,087,669 3,083,232 3,083,232
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,087,669 3,083,232
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,087,669 3,083,232
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,087,669 3,083,232
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 3,087,669
2 Enter amount from Part I, line 27a...................... 2 -76,634
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 72,197
4 Add lines 1, 2, and 3.......................... 4 3,083,232
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,083,232
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,681
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 191,428 2,958,857 0.064697
2008 195,154 3,184,076 0.061291
2007 105,000 3,286,480 0.031949
2006 139,903 3,186,139 0.043910
2005 162,925 3,185,609 0.051144
2 Total of line 1, column (d) ...................... 2 0.252991
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 0.050598
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,082,519
5 Multiply line 4 by line 3....................... 5 155,969
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,033
7 Add lines 5 and 6......................... 7 157,002
8 Enter qualifying distributions from Part XII, line 4.............. 8 192,050
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 1,033
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,033
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,033
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,600
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 400
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 967
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet967 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletHI
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTATSUGUCHI CPA LLC Telephone no.bullet (808) 589-2100
    Located atbullet1314 S KING ST STE 662HONOLULUHI ZIP+4bullet96814
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DENNIS X CHAIClick to see attachment PRESIDENT
    5.00     		12,000 0 0
    46-306 KUPALE ST
    KANEOHE,HI96744
    ARTHUR Y SHIDAClick to see attachment VP & TREAS
    5.00     		12,000 0 0
    1611 KUHILANI ST
    HONOLULU,HI96821
    BART M KOZAClick to see attachment SECRETARY
    5.00     		12,000 0 0
    PO BOX 894269
    MILILANI,HI96789
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 UNIVERSITY OF HAWAII FOUNDATION - SEE PART XV (PAGE 11) FOR THE VARIOUS UH PROGRAMS/DEPARTMENTS THAT BENEFITED. 144,000
    2 COLLEGE SCHOLARSHIPS FUNDED BY THE FOUNDATION BUT DISBURSED BY THE HAWAII COMMUNITY FOUNDATION. SEE PART XV (PAGE 11) FOR ADDITIONAL EXPLANATION. THERE WERE 11 SCHOLARSHIP RECEIPIENTS IN 2009. 21,050
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,028,629
    b
    Average of monthly cash balances.......................
    1b
    100,832
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,129,461
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    3,129,461
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    46,942
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,082,519
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    154,126
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    154,126
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,033
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,033
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    153,093
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    153,093
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    153,093
    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
    192,050
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    192,050
    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
    1,033
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    191,017
    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 7 153,093
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 24,511
    fTotal of lines 3a through e......... 24,511
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 192,050
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 153,093
    e Remaining amount distributed out of corpus 38,957
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 63,468
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		63,468
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 24,511
    e Excess from 2010.... 38,957
    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:
    DR ALVIN MONICA SAAKE FOUNDATION
    C/O HAWAII COMMUNITY FOUNDATION
    1164 BISHOP ST STE 800
    HONOLULU,HI96813
    (808) 537-6333
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS MUST SUBMIT THEIR COLLEGE AND/OR GRADUATE TRANSCRIPTS AND THEIR PERSONAL STATEMENT.
    cAny submission deadlines:
    APPLICATIONS ARE DUE MARCH 31ST EVERY YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANT MUST BE A JUNIOR, SENIOR OR GRADUATE STUDENT WITH A GPA OF 3.0 OR HIGHER. THE MUST HAVE A FINANCIAL NEED AND BE STUDYING IN THE AREAS OF KINESIOLOGY AND PHYSICAL SCIENCES (E.G., PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, SPORTS MEDICINE & ETC.).
    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
    HAWAII COMMUNITY FOUNDATI
    1164 BISHOP ST STE 800
    HONOLULU,HI96813     		NONE PUBLIC CHARI DISBURSEMENT OF SCHOLARSHIPS 21,050
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI MANOA STRENGTH & CONDITIONING ROOM 8,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI HEALTH PHYSICAL EDUCATION & RECREATI 6,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI WARRIOR GOLF BOOSTER CLUB FUND 2,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI INTRAMURAL SPORTS PROGRAM 8,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI AHAHUI KOA ANUENUE DEVELOPMENT SUPPO 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI ATHLETIC DIRECTOR'S FUND 40,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI ATHLETIC TRAINING ROOM 40,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI LETTERWINNERS' CLUB FUND 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI MEN'S BASKETBALL PROGRAM 30,000
    Total .................................bullet 3a 165,050
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 69,853  
    4 Dividends and interest from securities....     14 62,449  
    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.....     14 1,912  
    8Gain or (loss) from sales of assets other than inventory     14 17,514  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   151,728  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13151,728
    (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:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 1,571 1,571    

    TY 2010 CompensationExplanation
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Person Name Explanation
    DENNIS X CHAI  
    ARTHUR Y SHIDA  
    BART M KOZA  

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

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    9 SH - CARDINAL HEALTH INC 2009-08 PURCHASE 2010-06   322 221     101  
    4.5 SH - CAREFUSION CORP 2009-08 PURCHASE 2010-08   102 88     14  
    80 SH - DISNEY WALT COMPANY 2009-12 PURCHASE 2010-10   2,692 2,592     100  
    27 SH - UNITED PARCEL SERVICE B 2010-02 PURCHASE 2010-07   1,716 1,555     161  
    6 SH - BERKSHIRE HATHAWAY INC SERIES 2004-01 PURCHASE 2010-04   477 345     132  
    20 SH - CARDINAL HEALTH INC 2004-07 PURCHASE 2010-01   640 639     1  
    35 SH - CARDINAL HEALTH INC 2004-07 PURCHASE 2010-06   1,252 1,118     134  
    27.5 SH - CAREFUSION CORP 2004-07 PURCHASE 2010-08   624 696     -72  
    80 SH - COMCASH CORP CL A SPL NEW 2004-02 PURCHASE 2010-02   1,160 1,589     -429  
    90 SH - COMCASH CORP CL A SPL NEW 2004-04 PURCHASE 2010-02   1,305 1,773     -468  
    52.5 SH - COMCASH CORP CL A SPL NEW 2005-03 PURCHASE 2010-02   761 1,165     -404  
    104.5 SH - COMCASH CORP CL A SPL NEW 2006-09 PURCHASE 2010-02   1,515 2,421     -906  
    25 SH - CONOCOPHILLIPS 2006-09 PURCHASE 2010-01   1,264 1,483     -219  
    25 SH - CONOCOPHILLIPS 2006-09 PURCHASE 2010-07   1,286 1,483     -197  
    4 SH - GOOGLE INC CL A 2008-10 PURCHASE 2010-01   2,339 1,351     988  
    67 SH - H & R BLOCK INC 2004-01 PURCHASE 2010-02   1,441 1,932     -491  
    30 SH - H & R BLOCK INC 2004-05 PURCHASE 2010-02   645 705     -60  
    60 SH - JPMORGAN CHASE & CO 2004-01 PURCHASE 2010-03   2,589 2,300     289  
    42 SH - JPMORGAN CHASE & CO 2004-01 PURCHASE 2010-05   1,669 1,610     59  
    3 SH - JPMORGAN CHASE & CO 2005-02 PURCHASE 2010-05   119 112     7  
    27 SH - JPMORGAN CHASE & CO 2005-02 PURCHASE 2010-05   1,060 1,011     49  
    17 SH - JPMORGAN CHASE & CO 2006-09 PURCHASE 2010-05   667 792     -125  
    33 SH - JPMORGAN CHASE & CO 2006-09 PURCHASE 2010-07   1,345 1,536     -191  
    8 SH - MICROSOFT CORP 2004-01 PURCHASE 2010-06   200 225     -25  
    50 SH - MICROSOFT CORP 2005-08 PURCHASE 2010-06   1,252 1,364     -112  
    2 SH - MICROSOFT CORP 2006-03 PURCHASE 2010-06   50 54     -4  
    60 SH - NEWS CORP INC - CL A 2006-04 PURCHASE 2010-03   845 1,019     -174  
    120 SH - NEWS CORP INC - CL A 2006-04 PURCHASE 2010-09   1,675 2,039     -364  
    100 SH - NEWS CORP INC - CL A 2006-09 PURCHASE 2010-09   1,396 1,872     -476  
    73 SH - NEWS CORP INC - CL A 2009-08 PURCHASE 2010-09   1,019 796     223  
    45 SH - VULCAN MATERIALS COMPANY 2004-01 PURCHASE 2010-12   1,913 2,207     -294  
    40000 - US TREASURY NOTESCPN 1.000% 2010-01 PURCHASE 2010-08   40,319 40,075     244  
    62000 - FHLMC GOLD PASS THRUPOOL G0 2008-01 PURCHASE 2010-10   29,810 28,709     1,101  
    15000 - TREASURY INFLATION INDEXCPN 2004-01 PURCHASE 2010-08   19,332 20,153     -821  
    13000 - TREASURY INFLATION INDEXCPN 2004-01 PURCHASE 2010-08   16,735 17,465     -730  
    6000 - TREASURY INFLATION INDEXCPN 2004-02 PURCHASE 2010-08   7,724 8,135     -411  
    1000 - TREASURY INFLATION INDEXCPN 2004-02 PURCHASE 2010-08   1,287 1,352     -65  
    130000 - FHLMC GOLD PASS THRUPOOL G 2008-01 PURCHASE 2010-12   25,029 25,029        
    20000 - FHLMC GOLD PASS THRUPOOL G0 2008-10 PURCHASE 2010-12   3,826 3,826        
    54735 - FNMA PASS THRUPOOL 190391 D 2009-04 PURCHASE 2010-12   14,167 14,167        
    104000 - FNMA PASS THRUPOOL 735580 2008-05 PURCHASE 2010-12   15,004 15,004        
    49000 - FNMA PASS THRUPOOL 745275 D 2009-04 PURCHASE 2010-12   9,401 9,401        
    66000 - FNMA PASS THRUPOOL 880330 D 2008-12 PURCHASE 2010-12   10,798 10,798        
    47000 - FNMA PASS THRUPOOL 889579 D 2008-10 PURCHASE 2010-12   44,417 44,417        
    51000 - FNMA PASS THRUPOOL 889643 D 2008-11 PURCHASE 2010-12   10,001 10,001        
    53000 - FNMA PASS THRUPOOL 889697 D 2008-10 PURCHASE 2010-12   15,937 15,937        
    21000 - FNMA PASS THRUPOOL 889982 D 2009-04 PURCHASE 2010-12   5,068 5,068        
    48000 - FNMA PASS THRUPOOL 930071 D 2008-10 PURCHASE 2010-12   7,345 7,345        
    3000 - FNMA PASS THRUPOOL 986761 DT 2010-01 PURCHASE 2010-12   631 631        
    8000 - FNMA PASS THRUPOOL 995018 DT 2009-05 PURCHASE 2010-12   2,045 2,045        
    10000 - FNMA PASS THRUPOOL AD0440 D 2010-01 PURCHASE 2010-12   2,592 2,592        
    14 SH - ACADIA HEALTH TR REIT 2009-05 PURCHASE 2010-03   246 197     49  
    1 SH - AMB PPTY CORP 2009-03 PURCHASE 2010-02   24 14     10  
    21 SH - AMB PPTY CORP 2009-03 PURCHASE 2010-02   497 287     210  
    1 SH - AMB PPTY CORP 2009-10 PURCHASE 2010-02   24 24        
    26 SH - AMB PPTY CORP 2009-10 PURCHASE 2010-10   697 614     83  
    24 SH - AMB PPTY CORP 2009-12 PURCHASE 2010-10   643 609     34  
    15 SH - AMB PPTY CORP 2010-03 PURCHASE 2010-10   402 400     2  
    13 SH - AMB PPTY CORP 2010-03 PURCHASE 2010-10   348 369     -21  
    8 SH - AMB PPTY CORP 2010-05 PURCHASE 2010-10   214 210     4  
    17 SH - AMERICAN CAMPUS COMMUNITIES 2009-05 PURCHASE 2010-04   492 375     117  
    9 SH - AMERICAN CAMPUS COMMUNITIES 2009-06 PURCHASE 2010-04   260 214     46  
    1 SH - AMERICAN CAMPUS COMMUNITIES 2009-06 PURCHASE 2010-05   28 24     4  
    11 SH - AMERICAN CAMPUS COMMUNITIES 2009-06 PURCHASE 2010-05   303 245     58  
    10 SH - AMERICAN CAMPUS COMMUNITIES 2009-07 PURCHASE 2010-05   275 236     39  
    15 SH - AMERICAN CAMPUS COMMUNITIES 2010-02 PURCHASE 2010-05   413 405     8  
    44 SH - CBL & ASSOC PROPERTIES REIT 2010-03 PURCHASE 2010-03   637 645     -8  
    20 SH - CBL & ASSOC PROPERTIES REIT 2010-03 PURCHASE 2010-04   290 293     -3  
    17 SH - CBL & ASSOC PROPERTIES REIT 2010-03 PURCHASE 2010-04   253 249     4  
    7 SH - CBL & ASSOC PROPERTIES REIT I 2010-10 PURCHASE 2010-12   121 101     20  
    42 SH - COLONIAL PROPERTIES TR REIT 2010-04 PURCHASE 2010-05   637 638     -1  
    25 SH - DEVELOPERS DIVERSIFIED REIT 2010-02 PURCHASE 2010-05   317 253     64  
    20 SH - DEVELOPERS DIVERSIFIED REIT 2010-02 PURCHASE 2010-05   205 202     3  
    9 SH - DEVELOPERS DIVERSIFIED REIT R 2010-03 PURCHASE 2010-05   92 99     -7  
    49 SH - DEVELOPERS DIVERSIFIED REIT 2010-03 PURCHASE 2010-08   502 538     -36  
    29 SH - DEVELOPERS DIVERSIFIED REIT 2010-03 PURCHASE 2010-08   297 325     -28  
    39 SH - DEVELOPERS DIVERSIFIED REIT 2010-04 PURCHASE 2010-08   400 529     -129  
    14 SH - EASTGROUP PPTYS INC REIT 2009-02 PURCHASE 2010-01   521 432     89  
    4 SH - EASTGROUP PPTYS INC REIT 2009-02 PURCHASE 2010-01   148 123     25  
    5 SH - EASTGROUP PPTYS INC REIT 2009-08 PURCHASE 2010-01   186 178     8  
    10 SH - EASTGROUP PPTYS INC REIT 2009-08 PURCHASE 2010-01   382 356     26  
    3 SH - FEDERAL RLTY INVT TR SBI REIT 2009-07 PURCHASE 2010-02   205 157     48  
    4 SH - FEDERAL RLTY INVT TR SBI REIT 2009-07 PURCHASE 2010-03   279 210     69  
    4 SH - FEDERAL RLTY INVT TR SBI REIT 2009-07 PURCHASE 2010-04   314 210     104  
    6 SH - FEDERAL RLTY INVT TR SBI REIT 2009-12 PURCHASE 2010-04   471 407     64  
    5 SH - FEDERAL RLTY INVT TR SBI REIT 2009-12 PURCHASE 2010-08   389 339     50  
    5 SH - FEDERAL RLTY INVT TR SBI REIT 2010-01 PURCHASE 2010-08   389 324     65  
    9 SH - HCP INC 2009-03 PURCHASE 2010-01   258 154     104  
    21 SH - HCP INC 2010-06 PURCHASE 2010-08   734 679     55  
    27 SH - HCP INC 2010-06 PURCHASE 2010-10   976 873     103  
    21 SH - HCP INC 2010-06 PURCHASE 2010-10   759 687     72  
    21 SH - HOSPITALITY PROPERTIES REIT 2010-02 PURCHASE 2010-04   588 483     105  
    17 SH - KIMCO REALTY CORP REIT 2010-09 PURCHASE 2010-12   305 283     22  
    8 SH - LASALLE HOTEL PPTYS REIT COM 2009-08 PURCHASE 2010-01   172 140     32  
    7 SH - LASALLE HOTEL PPTYS REIT COM 2009-10 PURCHASE 2010-01   151 136     15  
    2 SH - MACERICH CO REIT 2009-03 PURCHASE 2010-01   69 18     51  
    6 SH - MACK CALI RLTY CORP REIT 2009-06 PURCHASE 2010-06   178 132     46  
    4 SH - MACK CALI RLTY CORP REIT 2009-06 PURCHASE 2010-06   126 88     38  
    6 SH - MACK CALI RLTY CORP REIT 2009-07 PURCHASE 2010-06   189 148     41  
    15 SH - MACK CALI RLTY CORP REIT 2010-04 PURCHASE 2010-06   472 555     -83  
    11 SH - MARRIOTT INTL INC NEW CL A 2010-04 PURCHASE 2010-10   393 361     32  
    7 SH - MARRIOTT INTL INC NEW CL A 2010-04 PURCHASE 2010-10   250 227     23  
    14 SH - MARRIOTT INTL INC NEW CL A 2010-04 PURCHASE 2010-10   500 475     25  
    7 SH - MID-AMER APT COMMUNITIES REIT 2010-01 PURCHASE 2010-04   363 327     36  
    11 SH - MID-AMER APT COMMUNITIES REI 2010-02 PURCHASE 2010-04   570 570        
    14 SH - NATIONAL RETAIL PPTYS INC 2010-06 PURCHASE 2010-12   381 300     81  
    6 SH - NATIONAL RETAIL PPTYS INC 2010-06 PURCHASE 2010-12   155 129     26  
    5 SH - NATIONAL RETAIL PPTYS INC 2010-06 PURCHASE 2010-12   132 107     25  
    5 SH - OMEGA HEALTHCARE REIT INVESTO 2009-03 PURCHASE 2010-01   94 66     28  
    5 SH - OMEGA HEALTHCARE REIT INVESTO 2009-04 PURCHASE 2010-01   94 73     21  
    12 SH - OMEGA HEALTHCARE REIT INVEST 2009-04 PURCHASE 2010-01   226 184     42  
    13 SH - OMEGA HEALTHCARE REIT INVEST 2009-06 PURCHASE 2010-01   245 222     23  
    17 SH - OMEGA HEALTHCARE REIT INVEST 2010-05 PURCHASE 2010-10   394 318     76  
    18 SH - OMEGA HEALTHCARE REIT INVEST 2010-05 PURCHASE 2010-11   379 336     43  
    2 SH - OMEGA HEALTHCARE REIT INVESTO 2010-05 PURCHASE 2010-12   43 37     6  
    13 SH - OMEGA HEALTHCARE REIT INVEST 2010-07 PURCHASE 2010-12   277 265     12  
    30 SH - PEBBLEBROOK HOTEL TR 2009-12 PURCHASE 2010-05   576 611     -35  
    2 SH - PIEDMONT OFFICE RLTY TR INC C 2010-02 PURCHASE 2010-12   39 34     5  
    9 SH - PIEDMONT OFFICE RLTY TR INC C 2010-02 PURCHASE 2010-12   181 153     28  
    11 SH - PLUM CREEK TIMBER CO INC DEP 2010-01 PURCHASE 2010-05   385 429     -44  
    5 SH - PLUM CREEK TIMBER CO INC DEPO 2010-01 PURCHASE 2010-06   170 195     -25  
    8 SH - PLUM CREEK TIMBER CO INC DEPO 2010-01 PURCHASE 2010-06   272 305     -33  
    7 SH - PLUM CREEK TIMBER CO INC DEPO 2010-01 PURCHASE 2010-06   256 267     -11  
    4 SH - PLUM CREEK TIMBER CO INC DEPO 2010-01 PURCHASE 2010-06   146 146        
    3 SH - PLUM CREEK TIMBER CO INC DEPO 2010-01 PURCHASE 2010-09   107 110     -3  
    14 SH - PLUM CREEK TIMBER CO INC DEP 2010-02 PURCHASE 2010-09   499 532     -33  
    3 SH - PLUM CREEK TIMBER CO INC DEPO 2010-03 PURCHASE 2010-09   107 115     -8  
    19 SH - PLUM CREEK TIMBER CO INC DEP 2010-04 PURCHASE 2010-09   678 763     -85  
    26 SH - POST PROPERTIES INC REIT 2010-04 PURCHASE 2010-05   618 620     -2  
    22 SH - POST PROPERTIES INC REIT 2010-04 PURCHASE 2010-06   524 525     -1  
    14 SH - POST PROPERTIES INC REIT 2010-04 PURCHASE 2010-06   321 334     -13  
    10 SH - POST PROPERTIES INC REIT 2010-04 PURCHASE 2010-06   229 244     -15  
    5 SH - RAYONIER INC 2009-12 PURCHASE 2010-10   248 213     35  
    9 SH - RAYONIER INC 2009-12 PURCHASE 2010-10   446 381     65  
    9 SH - RAYONIER INC 2010-01 PURCHASE 2010-10   446 382     64  
    2 SH - SL GREEN RLTY CORP REIT 2009-05 PURCHASE 2010-01   96 44     52  
    14 SH - SL GREEN RLTY CORP REIT 2009-05 PURCHASE 2010-01   656 309     347  
    9 SH - SL GREEN RLTY CORP REIT 2009-05 PURCHASE 2010-01   413 198     215  
    4 SH - SL GREEN RLTY CORP REIT 2009-07 PURCHASE 2010-01   184 86     98  
    1 SH - SL GREEN RLTY CORP REIT 2009-07 PURCHASE 2010-03   55 22     33  
    6 SH - SL GREEN RLTY CORP REIT 2009-07 PURCHASE 2010-03   328 129     199  
    3 SH - SL GREEN RLTY CORP REIT 2009-07 PURCHASE 2010-05   191 64     127  
    3 SH - SL GREEN RLTY CORP REIT 2009-07 PURCHASE 2010-05   193 64     129  
    4 SH - SL GREEN RLTY CORP REIT 2009-09 PURCHASE 2010-05   257 171     86  
    10 SH - STARWOOD HOTELS & RESORTS WO 2009-12 PURCHASE 2010-05   520 338     182  
    2 SH - STARWOOD HOTELS & RESORTS WOR 2010-01 PURCHASE 2010-05   104 74     30  
    7 SH - STARWOOD HOTELS & RESORTS WOR 2010-01 PURCHASE 2010-05   338 258     80  
    8 SH - STARWOOD HOTELS & RESORTS WOR 2010-01 PURCHASE 2010-05   386 277     109  
    14 SH - STARWOOD HOTELS & RESORTS WO 2010-02 PURCHASE 2010-05   630 530     100  
    2 SH - STARWOOD HOTELS & RESORTS WOR 2010-04 PURCHASE 2010-05   90 107     -17  
    10 SH - STARWOOD HOTELS & RESORTS WO 2010-04 PURCHASE 2010-06   475 537     -62  
    6 SH - TANGER FACTORY OUTLET REIT CE 2009-07 PURCHASE 2010-02   251 208     43  
    4 SH - TANGER FACTORY OUTLET REIT CE 2009-07 PURCHASE 2010-03   168 138     30  
    10 SH - TANGER FACTORY OUTLET REIT C 2009-10 PURCHASE 2010-03   420 370     50  
    2 SH - TANGER FACTORY OUTLET REIT CE 2009-10 PURCHASE 2010-03   84 78     6  
    8 SH - TANGER FACTORY OUTLET REIT CE 2009-10 PURCHASE 2010-03   346 310     36  
    6 SH - TANGER FACTORY OUTLET REIT CE 2009-10 PURCHASE 2010-03   262 233     29  
    2 SH - TANGER FACTORY OUTLET REIT CE 2009-10 PURCHASE 2010-03   87 72     15  
    5 SH - TANGER FACTORY OUTLET REIT CE 2009-10 PURCHASE 2010-04   216 181     35  
    7 SH - TANGER FACTORY OUTLET REIT CE 2009-10 PURCHASE 2010-10   337 261     76  
    8 SH - TANGER FACTORY OUTLET REIT CE 2010-01 PURCHASE 2010-10   385 311     74  
    4 SH - TANGER FACTORY OUTLET REIT CE 2010-02 PURCHASE 2010-10   192 153     39  
    2 SH - TANGER FACTORY OUTLET REIT CE 2010-02 PURCHASE 2010-12   99 76     23  
    9 SH - TANGER FACTORY OUTLET REIT CE 2010-05 PURCHASE 2010-12   445 357     88  
    5 SH - TAUBMAN CENTERS INC REIT 2009-11 PURCHASE 2010-01   177 172     5  
    13 SH - TAUBMAN CENTERS INC REIT 2009-11 PURCHASE 2010-01   461 440     21  
    9 SH - TAUBMAN CENTERS INC REIT 2010-02 PURCHASE 2010-04   396 300     96  
    16 SH - TAUBMAN CENTERS INC REIT 2010-02 PURCHASE 2010-06   653 533     120  
    2 SH - TAUBMAN CENTERS INC REIT 2010-02 PURCHASE 2010-07   75 67     8  
    9 SH - TAUBMAN CENTERS INC REIT 2010-03 PURCHASE 2010-07   336 360     -24  
    3 SH - VENTAS INC 2010-01 PURCHASE 2010-12   151 128     23  
    33 SH - WEINGARTEN REALTY REIT INVES 2010-04 PURCHASE 2010-08   696 751     -55  
    6 SH - WEINGARTEN REALTY REIT INVEST 2010-04 PURCHASE 2010-08   119 137     -18  
    5 SH - WEINGARTEN REALTY REIT INVEST 2010-04 PURCHASE 2010-08   99 115     -16  
    26 SH - WEINGARTEN REALTY REIT INVES 2010-04 PURCHASE 2010-08   515 596     -81  
    6 SH - ACADIA HEALTH TR REIT 2008-09 PURCHASE 2010-03   105 148     -43  
    1 SH - ACADIA HEALTH TR REIT 2009-01 PURCHASE 2010-03   18 13     5  
    1 SH - ALEXANDERIA REAL ESTATE REIT 2009-05 PURCHASE 2010-07   65 36     29  
    6 SH - ALEXANDERIA REAL ESTATE REIT 2009-05 PURCHASE 2010-09   419 217     202  
    2 SH - ALEXANDERIA REAL ESTATE REIT 2009-05 PURCHASE 2010-11   144 72     72  
    4 SH - ALEXANDERIA REAL ESTATE REIT 2009-05 PURCHASE 2010-11   288 132     156  
    2 SH - AVALONBAY COMMUNITIES REIT IN 2007-10 PURCHASE 2010-01   159 239     -80  
    2 SH - AVALONBAY COMMUNITIES REIT IN 2007-10 PURCHASE 2010-01   154 239     -85  
    7 SH - AVALONBAY COMMUNITIES REIT IN 2008-10 PURCHASE 2010-01   540 565     -25  
    2 SH - AVALONBAY COMMUNITIES REIT IN 2008-10 PURCHASE 2010-08   207 161     46  
    4 SH - AVALONBAY COMMUNITIES REIT IN 2008-10 PURCHASE 2010-08   415 316     99  
    3 SH - AVALONBAY COMMUNITIES REIT IN 2008-10 PURCHASE 2010-10   318 237     81  
    4 SH - AVALONBAY COMMUNITIES REIT IN 2008-10 PURCHASE 2010-10   424 279     145  
    1 SH - AVALONBAY COMMUNITIES REIT IN 2009-02 PURCHASE 2010-10   106 53     53  
    2 SH - AVALONBAY COMMUNITIES REIT IN 2009-02 PURCHASE 2010-10   217 87     130  
    8 SH - BOSTON PROPERTIES INC REIT 2007-12 PURCHASE 2010-03   614 793     -179  
    3 SH - BOSTON PROPERTIES INC REIT 2008-06 PURCHASE 2010-03   228 285     -57  
    2 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-03   152 179     -27  
    3 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-03   228 275     -47  
    2 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-03   152 183     -31  
    4 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-03   305 365     -60  
    5 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-04   402 457     -55  
    4 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-04   322 360     -38  
    5 SH - BOSTON PROPERTIES INC REIT 2008-07 PURCHASE 2010-04   402 480     -78  
    3 SH - BOSTON PROPERTIES INC REIT 2008-08 PURCHASE 2010-07   243 295     -52  
    1 SH - BOSTON PROPERTIES INC REIT 2008-08 PURCHASE 2010-07   81 103     -22  
    7 SH - BOSTON PROPERTIES INC REIT 2008-08 PURCHASE 2010-08   595 720     -125  
    2 SH - BOSTON PROPERTIES INC REIT 2008-10 PURCHASE 2010-08   170 168     2  
    3 SH - BOSTON PROPERTIES INC REIT 2008-10 PURCHASE 2010-08   255 205     50  
    6 SH - BOSTON PROPERTIES INC REIT 2008-12 PURCHASE 2010-08   488 269     219  
    5 SH - BOSTON PROPERTIES INC REIT 2008-12 PURCHASE 2010-08   408 224     184  
    4 SH - BOSTON PROPERTIES INC REIT 2009-02 PURCHASE 2010-08   325 158     167  
    1 SH - BOSTON PROPERTIES INC REIT 2009-02 PURCHASE 2010-10   86 40     46  
    2 SH - BOSTON PROPERTIES INC REIT 2009-06 PURCHASE 2010-10   172 100     72  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2007-10 PURCHASE 2010-12   104 133     -29  
    48 SH - DCT INDUSTRIAL TRUST INC 2008-06 PURCHASE 2010-03   246 437     -191  
    24 SH - DCT INDUSTRIAL TRUST INC 2008-07 PURCHASE 2010-03   123 194     -71  
    27 SH - DCT INDUSTRIAL TRUST INC 2008-07 PURCHASE 2010-10   132 218     -86  
    50 SH - DCT INDUSTRIAL TRUST INC 2008-07 PURCHASE 2010-10   245 420     -175  
    38 SH - DCT INDUSTRIAL TRUST INC 2008-10 PURCHASE 2010-10   186 256     -70  
    9 SH - DIGITAL REALTY TRUST INC 2006-09 PURCHASE 2010-01   434 283     151  
    3 SH - DIGITAL REALTY TRUST INC 2006-09 PURCHASE 2010-06   177 94     83  
    9 SH - DIGITAL REALTY TRUST INC 2006-09 PURCHASE 2010-06   532 283     249  
    3 SH - DIGITAL REALTY TRUST INC 2006-09 PURCHASE 2010-08   181 94     87  
    7 SH - DIGITAL REALTY TRUST INC 2007-04 PURCHASE 2010-08   422 279     143  
    3 SH - DIGITAL REALTY TRUST INC 2007-04 PURCHASE 2010-10   177 120     57  
    3 SH - DIGITAL REALTY TRUST INC 2007-04 PURCHASE 2010-12   157 120     37  
    2 SH - EASTGROUP PPTYS INC REIT 2008-11 PURCHASE 2010-01   74 68     6  
    5 SH - EQUITY RESIDENTIAL 2007-11 PURCHASE 2010-02   166 186     -20  
    18 SH - EQUITY RESIDENTIAL 2007-12 PURCHASE 2010-02   596 662     -66  
    8 SH - EQUITY RESIDENTIAL 2008-03 PURCHASE 2010-02   259 312     -53  
    5 SH - EQUITY RESIDENTIAL 2008-03 PURCHASE 2010-02   179 195     -16  
    15 SH - EQUITY RESIDENTIAL 2008-03 PURCHASE 2010-02   537 569     -32  
    3 SH - EQUITY RESIDENTIAL 2008-03 PURCHASE 2010-02   107 130     -23  
    1 SH - EQUITY RESIDENTIAL 2008-03 PURCHASE 2010-03   36 43     -7  
    8 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-03   288 305     -17  
    1 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-03   39 38     1  
    7 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-03   275 266     9  
    5 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-03   197 194     3  
    4 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-03   157 155     2  
    6 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-04   241 233     8  
    6 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-04   241 233     8  
    7 SH - EQUITY RESIDENTIAL 2008-07 PURCHASE 2010-04   285 272     13  
    5 SH - EQUITY RESIDENTIAL 2008-08 PURCHASE 2010-04   203 229     -26  
    5 SH - EQUITY RESIDENTIAL 2008-10 PURCHASE 2010-04   203 208     -5  
    1 SH - EQUITY RESIDENTIAL 2008-10 PURCHASE 2010-10   51 42     9  
    2 SH - EQUITY RESIDENTIAL 2008-10 PURCHASE 2010-10   101 72     29  
    18 SH - EQUITY RESIDENTIAL 2008-12 PURCHASE 2010-10   912 454     458  
    18 SH - EQUITY RESIDENTIAL 2009-01 PURCHASE 2010-10   912 465     447  
    6 SH - EQUITY RESIDENTIAL 2009-02 PURCHASE 2010-10   304 138     166  
    24 SH - EQUITY RESIDENTIAL 2009-02 PURCHASE 2010-10   1,216 467     749  
    7 SH - EQUITY RESIDENTIAL 2009-03 PURCHASE 2010-10   355 134     221  
    2 SH - ESSEX PROPERTY TRUST INC REIT 2007-04 PURCHASE 2010-06   200 260     -60  
    1 SH - ESSEX PROPERTY TRUST INC REIT 2007-05 PURCHASE 2010-06   100 127     -27  
    3 SH - FEDERAL RLTY INVT TR SBI REIT 2009-02 PURCHASE 2010-02   205 148     57  
    9 SH - HCP INC 2008-12 PURCHASE 2010-01   268 196     72  
    10 SH - HCP INC 2008-12 PURCHASE 2010-01   298 269     29  
    21 SH - HCP INC 2008-12 PURCHASE 2010-01   635 565     70  
    5 SH - HCP INC 2008-12 PURCHASE 2010-01   143 135     8  
    11 SH - HCP INC 2008-12 PURCHASE 2010-01   315 284     31  
    7 SH - HCP INC 2009-01 PURCHASE 2010-01   201 150     51  
    10 SH - HCP INC 2009-01 PURCHASE 2010-01   286 221     65  
    5 SH - HEALTH CARE REIT INC 2007-05 PURCHASE 2010-02   208 218     -10  
    1 SH - HEALTH CARE REIT INC 2007-07 PURCHASE 2010-02   42 39     3  
    9 SH - HEALTH CARE REIT INC 2007-07 PURCHASE 2010-03   387 351     36  
    6 SH - HEALTH CARE REIT INC 2007-07 PURCHASE 2010-12   270 234     36  
    12 SH - HEALTH CARE REIT INC 2007-12 PURCHASE 2010-12   570 513     57  
    7 SH - HIGHWOODS PROPERTIES INC REIT 2008-11 PURCHASE 2010-02   197 139     58  
    13 SH - HIGHWOODS PROPERTIES INC REI 2009-01 PURCHASE 2010-02   360 278     82  
    8 SH - HIGHWOODS PROPERTIES INC REIT 2009-01 PURCHASE 2010-02   234 171     63  
    2 SH - HIGHWOODS PROPERTIES INC REIT 2009-01 PURCHASE 2010-02   58 45     13  
    11 SH - HIGHWOODS PROPERTIES INC REI 2009-01 PURCHASE 2010-03   335 245     90  
    8 SH - HIGHWOODS PROPERTIES INC REIT 2009-01 PURCHASE 2010-04   266 178     88  
    4 SH - HIGHWOODS PROPERTIES INC REIT 2009-04 PURCHASE 2010-04   133 83     50  
    9 SH - HIGHWOODS PROPERTIES INC REIT 2009-04 PURCHASE 2010-05   291 187     104  
    6 SH - HIGHWOODS PROPERTIES INC REIT 2009-04 PURCHASE 2010-05   194 146     48  
    2 SH - HOST HOTELS & RESORTS 2006-04 PURCHASE 2010-06   30 42     -12  
    26 SH - HOST HOTELS & RESORTS 2006-04 PURCHASE 2010-06   394       394  
    14 SH - HOST HOTELS & RESORTS 2006-04 PURCHASE 2010-06   213       213  
    12 SH - HOST HOTELS & RESORTS 2006-04 PURCHASE 2010-06   182 242     -60  
    1 SH - HOST HOTELS & RESORTS 2006-04 PURCHASE 2010-06   14 20     -6  
    34 SH - HOST HOTELS & RESORTS 2006-04 PURCHASE 2010-06   485 702     -217  
    22 SH - HOST HOTELS & RESORTS 2007-07 PURCHASE 2010-06   314 539     -225  
    20 SH - HOST HOTELS & RESORTS 2007-11 PURCHASE 2010-06   286 392     -106  
    18 SH - HOST HOTELS & RESORTS 2008-05 PURCHASE 2010-06   257 320     -63  
    22 SH - HOST HOTELS & RESORTS 2008-05 PURCHASE 2010-06   302 392     -90  
    8 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2010-06   110 52     58  
    13 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2010-09   186 85     101  
    6 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2010-12   102 39     63  
    10 SH - KILROY RLTY CORP REIT 2009-03 PURCHASE 2010-11   340 151     189  
    3 SH - KILROY RLTY CORP REIT 2009-03 PURCHASE 2010-11   102 55     47  
    9 SH - KILROY RLTY CORP REIT 2009-03 PURCHASE 2010-11   307 165     142  
    1 SH - KILROY RLTY CORP REIT 2009-05 PURCHASE 2010-11   34 22     12  
    7 SH - KILROY RLTY CORP REIT 2009-05 PURCHASE 2010-12   236 154     82  
    10 SH - LIBERTY PROPERTY TRUST REIT 2008-06 PURCHASE 2010-12   308 350     -42  
    12 SH - LIBERTY PROPERTY TRUST REIT 2008-07 PURCHASE 2010-12   369 397     -28  
    2 SH - MACERICH CO REIT 2005-10 PURCHASE 2010-01   69 121     -52  
    6 SH - MACERICH CO REIT 2007-07 PURCHASE 2010-01   206 503     -297  
    2 SH - MACERICH CO REIT 2009-03 PURCHASE 2010-09   86 18     68  
    11 SH - MACK CALI RLTY CORP REIT 2007-09 PURCHASE 2010-02   359 452     -93  
    10 SH - MACK CALI RLTY CORP REIT 2007-10 PURCHASE 2010-03   336 440     -104  
    1 SH - MACK CALI RLTY CORP REIT 2007-10 PURCHASE 2010-03   34 44     -10  
    8 SH - MACK CALI RLTY CORP REIT 2008-02 PURCHASE 2010-03   275 269     6  
    4 SH - MACK CALI RLTY CORP REIT 2008-02 PURCHASE 2010-05   138 135     3  
    1 SH - MACK CALI RLTY CORP REIT 2008-08 PURCHASE 2010-05   34 42     -8  
    7 SH - MACK CALI RLTY CORP REIT 2008-08 PURCHASE 2010-06   208 290     -82  
    9 SH - MACK CALI RLTY CORP REIT 2008-10 PURCHASE 2010-06   267 233     34  
    2 SH - MID-AMER APT COMMUNITIES REIT 2008-10 PURCHASE 2010-03   104 93     11  
    11 SH - MID-AMER APT COMMUNITIES REI 2009-01 PURCHASE 2010-03   574 325     249  
    3 SH - MID-AMER APT COMMUNITIES REIT 2009-01 PURCHASE 2010-04   155 89     66  
    9 SH - NATIONWIDE HEALTH REIT PROPER 2008-02 PURCHASE 2010-02   290 279     11  
    3 SH - NATIONWIDE HEALTH REIT PROPER 2008-06 PURCHASE 2010-02   97 102     -5  
    8 SH - NATIONWIDE HEALTH REIT PROPER 2008-06 PURCHASE 2010-03   273 272     1  
    3 SH - NATIONWIDE HEALTH REIT PROPER 2008-07 PURCHASE 2010-03   102 97     5  
    6 SH - NATIONWIDE HEALTH REIT PROPER 2008-07 PURCHASE 2010-04   205 194     11  
    9 SH - NATIONWIDE HEALTH REIT PROPER 2008-07 PURCHASE 2010-04   307 320     -13  
    12 SH - NATIONWIDE HEALTH REIT PROPE 2008-08 PURCHASE 2010-04   409 388     21  
    9 SH - NATIONWIDE HEALTH REIT PROPER 2008-09 PURCHASE 2010-04   307 320     -13  
    5 SH - NATIONWIDE HEALTH REIT PROPER 2008-09 PURCHASE 2010-04   170 178     -8  
    6 SH - NATIONWIDE HEALTH REIT PROPER 2008-11 PURCHASE 2010-04   204 135     69  
    14 SH - NATIONWIDE HEALTH REIT PROPE 2008-11 PURCHASE 2010-05   478 315     163  
    7 SH - NATIONWIDE HEALTH REIT PROPER 2009-02 PURCHASE 2010-05   239 186     53  
    2 SH - NATIONWIDE HEALTH REIT PROPER 2009-02 PURCHASE 2010-08   77 53     24  
    6 SH - NATIONWIDE HEALTH REIT PROPER 2009-04 PURCHASE 2010-08   231 145     86  
    7 SH - NATIONWIDE HEALTH REIT PROPER 2009-04 PURCHASE 2010-12   244 170     74  
    3 SH - NATIONWIDE HEALTH REIT PROPER 2009-06 PURCHASE 2010-12   104 83     21  
    2 SH - OMEGA HEALTHCARE REIT INVESTO 2009-01 PURCHASE 2010-01   38 28     10  
    17 SH - PLUM CREEK TIMBER CO INC DEP 2008-12 PURCHASE 2010-05   627 541     86  
    2 SH - PLUM CREEK TIMBER CO INC DEPO 2009-04 PURCHASE 2010-05   74 63     11  
    7 SH - PLUM CREEK TIMBER CO INC DEPO 2009-04 PURCHASE 2010-05   245 220     25  
    43 SH - PROLOGIS TURST NEW REIT 2009-04 PURCHASE 2010-05   486 302     184  
    69 SH - PROLOGIS TURST NEW REIT 2009-04 PURCHASE 2010-07   765 485     280  
    6 SH - PUBLIC STORAGE INC REIT 2006-03 PURCHASE 2010-02   484 489     -5  
    1 SH - PUBLIC STORAGE INC REIT 2006-03 PURCHASE 2010-03   85 81     4  
    3 SH - PUBLIC STORAGE INC REIT 2006-11 PURCHASE 2010-03   256 283     -27  
    4 SH - PUBLIC STORAGE INC REIT 2006-11 PURCHASE 2010-04   374 378     -4  
    2 SH - PUBLIC STORAGE INC REIT 2006-11 PURCHASE 2010-04   186 189     -3  
    1 SH - PUBLIC STORAGE INC REIT 2007-01 PURCHASE 2010-04   93 98     -5  
    2 SH - PUBLIC STORAGE INC REIT 2007-01 PURCHASE 2010-04   194 197     -3  
    3 SH - PUBLIC STORAGE INC REIT 2007-02 PURCHASE 2010-04   291 345     -54  
    5 SH - PUBLIC STORAGE INC REIT 2007-02 PURCHASE 2010-09   487 574     -87  
    4 SH - PUBLIC STORAGE INC REIT 2007-05 PURCHASE 2010-09   390 342     48  
    1 SH - PUBLIC STORAGE INC REIT 2007-05 PURCHASE 2010-10   98 85     13  
    7 SH - PUBLIC STORAGE INC REIT 2007-07 PURCHASE 2010-10   686 543     143  
    5 SH - PUBLIC STORAGE INC REIT 2007-07 PURCHASE 2010-10   490 390     100  
    3 SH - PUBLIC STORAGE INC REIT 2007-12 PURCHASE 2010-10   294 229     65  
    3 SH - PUBLIC STORAGE INC REIT 2007-12 PURCHASE 2010-10   304 229     75  
    5 SH - PUBLIC STORAGE INC REIT 2008-06 PURCHASE 2010-10   507 408     99  
    6 SH - PUBLIC STORAGE INC REIT 2008-06 PURCHASE 2010-10   599 489     110  
    9 SH - PUBLIC STORAGE INC REIT 2008-07 PURCHASE 2010-10   899 736     163  
    2 SH - PUBLIC STORAGE INC REIT 2008-10 PURCHASE 2010-10   200 145     55  
    2 SH - PUBLIC STORAGE INC REIT 2008-10 PURCHASE 2010-12   197 145     52  
    2 SH - PUBLIC STORAGE INC REIT 2009-08 PURCHASE 2010-12   197 151     46  
    3 SH - PUBLIC STORAGE INC REIT 2009-09 PURCHASE 2010-12   295 212     83  
    9 SH - RAYONIER INC 2008-10 PURCHASE 2010-10   149 101     48  
    7 SH - RAYONIER INC 2009-04 PURCHASE 2010-10   446 312     134  
    19 SH - RAYONIER INC 2009-04 PURCHASE 2010-10   347 267     80  
    7 SH - SENIOR HOUSING PROP TR REIT 2008-06 PURCHASE 2010-02   145 148     -3  
    2 SH - SENIOR HOUSING PROP TR REIT 2008-06 PURCHASE 2010-02   41 42     -1  
    9 SH - SIMON PROPERTY GROUP REIT INC 2004-03 PURCHASE 2010-01   676 508     168  
    4 SH - SIMON PROPERTY GROUP REIT INC 2004-03 PURCHASE 2010-03   340 226     114  
    6 SH - SIMON PROPERTY GROUP REIT INC 2004-03 PURCHASE 2010-06   531 339     192  
    1 SH - SIMON PROPERTY GROUP REIT INC 2004-03 PURCHASE 2010-09   94 56     38  
    1 SH - SL GREEN RLTY CORP REIT 2007-10 PURCHASE 2010-01   48 118     -70  
    7 SH - SL GREEN RLTY CORP REIT 2007-11 PURCHASE 2010-01   336 756     -420  
    15 SH - VENTAS INC 2006-11 PURCHASE 2010-04   698 593     105  
    9 SH - VENTAS INC 2007-01 PURCHASE 2010-04   402 389     13  
    3 SH - VENTAS INC 2007-01 PURCHASE 2010-04   144 130     14  
    10 SH - VENTAS INC 2007-05 PURCHASE 2010-04   478 429     49  
    4 SH - VENTAS INC 2007-05 PURCHASE 2010-04   191 164     27  
    9 SH - VENTAS INC 2007-05 PURCHASE 2010-08   449 368     81  
    5 SH - VENTAS INC 2007-07 PURCHASE 2010-09   264 188     76  
    5 SH - VENTAS INC 2007-07 PURCHASE 2010-10   269 188     81  
    4 SH - VENTAS INC 2007-10 PURCHASE 2010-10   215 168     47  
    6 SH - VENTAS INC 2007-10 PURCHASE 2010-10   329 252     77  
    7 SH - VENTAS INC 2008-06 PURCHASE 2010-10   384 318     66  
    6 SH - VENTAS INC 2008-07 PURCHASE 2010-10   322 248     74  
    9 SH - VENTAS INC 2008-09 PURCHASE 2010-10   483 397     86  
    6 SH - VENTAS INC 2008-09 PURCHASE 2010-10   320 264     56  
    4 SH - VENTAS INC 2008-09 PURCHASE 2010-11   215 176     39  
    7 SH - VENTAS INC 2009-02 PURCHASE 2010-11   375 202     173  
    3 SH - VENTAS INC 2009-02 PURCHASE 2010-12   151 87     64  
    10 SH - VENTAS INC 2009-04 PURCHASE 2010-12   505 238     267  
    2 SH - VORNADO REALTY TR REIT 2007-08 PURCHASE 2010-02   126 211     -85  
    2 SH - VORNADO REALTY TR REIT 2007-08 PURCHASE 2010-02   126 209     -83  
    1 SH - VORNADO REALTY TR REIT 2007-08 PURCHASE 2010-02   63 100     -37  
    2 SH - VORNADO REALTY TR REIT 2007-08 PURCHASE 2010-02   125 197     -72  
    2 SH - VORNADO REALTY TR REIT 2007-08 PURCHASE 2010-02   125 191     -66  
    5 SH - VORNADO REALTY TR REIT 2007-10 PURCHASE 2010-02   312 565     -253  
    1 SH - VORNADO REALTY TR REIT 2007-10 PURCHASE 2010-04   80 113     -33  
    5 SH - VORNADO REALTY TR REIT 2007-10 PURCHASE 2010-04   398 575     -177  
    5 SH - VORNADO REALTY TR REIT 2008-10 PURCHASE 2010-04   398 307     91  
    2 SH - VORNADO REALTY TR REIT 2008-10 PURCHASE 2010-04   154 123     31  
    3 SH - VORNADO REALTY TR REIT 2008-11 PURCHASE 2010-04   231 195     36  
    3 SH - VORNADO REALTY TR REIT 2008-11 PURCHASE 2010-10   261 195     66  
    4 SH - VORNADO REALTY TR REIT 2008-12 PURCHASE 2010-10   348 228     120  
    11 SH - WASHINGTON REAL ESTATE REIT 2008-10 PURCHASE 2010-01   299 290     9  
    64000 - AMERICAN EXP CENT BK CDSALT 2009-12 PURCHASE 2010-03   64,000 64,000        
    20000 - BANK INDIA CD NEW YORK NY AC 2009-07 PURCHASE 2010-07   20,000 20,000        
    81000 - BANK OF AMERICA CD CHARLOTTE 2009-08 PURCHASE 2001-06   81,000 81,000        
    145000 - BANK OF CHINA CDNEW YORK N 2010-05 PURCHASE 2010-11   145,000 145,000        
    82000 - BEAL BANK CD LAS VEGAS NV A 2009-12 PURCHASE 2010-04   82,000 82,000        
    50000 - CITIGROUP INC NOTES CPN 4.12 2009-01 PURCHASE 2010-02   50,000 50,000        
    96000 - FIRST AMERICAN BANK CD CARPE 2009-05 PURCHASE 2010-05   96,000 96,000        
    25000 - HAWAII ST SR CU MBIA B/EOID 2003-12 PURCHASE 2010-10   25,000 29,008     -4,008  
    98000 - KEY BANK NA CDCLEVELAND OH 2009-03 PURCHASE 2010-09   98,000 98,000        
    38000 - LEHMAN BROS COML BANK CDSAL 2008-08 PURCHASE 2010-02   38,000 38,000        
    69000 - MIDFIRST BANK CDOKLAHOMA CI 2009-03 PURCHASE 2010-09   69,000 69,000        
    65 SH - AVON PRODUCTS INC 2010-02 PURCHASE 2010-12   1,899 1,990     -91  
    30 SH - AVON PRODUCTS INC 2010-06 PURCHASE 2010-12   876 775     101  
    15 SH - CATERPILLAR INC 2010-06 PURCHASE 2010-10   1,207 985     222  
    5 SH - CULLEN FROST BANKERS INC 2009-12 PURCHASE 2010-04   284 245     39  
    5 SH - DARDEN RESTAURANTS 2009-08 PURCHASE 2010-04   234 165     69  
    20 SH - DARDEN RESTAURANTS 2009-08 PURCHASE 2010-07   750 660     90  
    40 SH - MARRIOTT INTL INC NEW CL A 2009-08 PURCHASE 2010-03   1,077 1,002     75  
    45 SH - MARRIOTT INTL INC NEW CL A 2009-09 PURCHASE 2010-03   1,211 1,115     96  
    100 SH - MAXIM INTEGRATED PRODS INC 2009-07 PURCHASE 2001-06   1,761 1,767     -6  
    20 SH - MICROCHIP TECHNOLOGY INC 2009-03 PURCHASE 2010-02   535 407     128  
    25 SH - NORFOLK SOUTHERN CORP 2009-04 PURCHASE 2010-02   1,196 898     298  
    10 SH - PHILIP MORRIS INTERNATIONAL 2009-11 PURCHASE 2010-04   497 504     -7  
    5 SH - QUALCOMM INC 2009-04 PURCHASE 2010-04   210 214     -4  
    60 SH - SCHWAB CHARLES CORP NEW 2010-05 PURCHASE 2010-11   951 991     -40  
    5 SH - WAL-MART STORES INC 2009-08 PURCHASE 2010-05   256 258     -2  
    35 SH - ABBOTT LABORATORIES 2005-06 PURCHASE 2010-11   1,640 1,703     -63  
    15 SH - ABBOTT LABORATORIES 2009-10 PURCHASE 2010-11   703 752     -49  
    10 SH - ANALOG DEVICES INC 2007-09 PURCHASE 2010-04   296 368     -72  
    5 SH - AT & T INC 2005-07 PURCHASE 2010-04   130 119     11  
    35 SH - CHEVRON CORPORATION 2005-06 PURCHASE 2010-06   2,644 1,957     687  
    25 SH - DANAHER CORP 2008-10 PURCHASE 2010-08   974 706     268  
    20 SH - DARDEN RESTAURANTS 2009-08 PURCHASE 2010-09   868 660     208  
    30 SH - DARDEN RESTAURANTS 2009-09 PURCHASE 2010-09   1,303 1,039     264  
    5 SH - DENTSPLY INTERNATIONAL INC NE 2008-11 PURCHASE 2010-04   173 147     26  
    40 SH - DENTSPLY INTERNATIONAL INC N 2008-11 PURCHASE 2010-11   1,248 1,178     70  
    20 SH - DENTSPLY INTERNATIONAL INC N 2009-02 PURCHASE 2010-11   624 517     107  
    5 SH - EMERSON ELECTRIC CO 2005-06 PURCHASE 2010-04   254 163     91  
    45 SH - FPL GROUP INC 2008-09 PURCHASE 2010-01   2,281 2,482     -201  
    135 SH - HUDSON CITY BANCORP INC 2009-04 PURCHASE 2010-07   1,679 1,684     -5  
    5 SH - INTERNATIONAL BUSINESS MACHIN 2005-06 PURCHASE 2010-02   620 373     247  
    20 SH - JOHNSON & JOHNSON 2005-06 PURCHASE 2010-07   1,157 1,332     -175  
    15 SH - MEDTRONIC INC 2008-06 PURCHASE 2010-08   484 758     -274  
    30 SH - MEDTRONIC INC 2008-09 PURCHASE 2010-08   968 1,621     -653  
    55 SH - MICROCHIP TECHNOLOGY INC 2006-11 PURCHASE 2010-02   1,470 1,869     -399  
    10 SH - MICROSOFT CORP 2009-04 PURCHASE 2010-04   303 186     117  
    25 SH - NUCOR CORP 2009-08 PURCHASE 2010-11   938 1,151     -213  
    20 SH - NUCOR CORP 2009-09 PURCHASE 2010-11   751 948     -197  
    10 SH - NUCOR CORP 2009-11 PURCHASE 2010-11   375 429     -54  
    5 SH - PEPSICO INCORPORATED 2005-06 PURCHASE 2010-04   331 277     54  
    35 SH - PHILIP MORRIS INTERNATIONAL 2008-03 PURCHASE 2010-04   1,741 1,804     -63  
    20 SH - PHILIP MORRIS INTERNATIONAL 2008-10 PURCHASE 2010-04   995 897     98  
    15 SH - PRAXAIR INC 2003-12 PURCHASE 2010-09   1,326 543     783  
    55 SH - QEP RESOURCES INC 2009-03 PURCHASE 2010-08   1,640 1,081     559  
    55 SH - QUESTAR CORP 2009-03 PURCHASE 2010-12   948 523     425  
    80 SH - SCHWAB CHARLES CORP NEW 2009-06 PURCHASE 2010-11   1,268 1,449     -181  
    30 SH - SCHWAB CHARLES CORP NEW 2009-08 PURCHASE 2010-11   475 546     -71  
    25 SH - TEVA PHARMACEUTICAL ADR INDS 2006-08 PURCHASE 2010-06   1,341 869     472  
    30 SH - TOTAL SA SPONS ADR 2005-08 PURCHASE 2010-02   1,751 1,984     -233  
    20 SH - WAL-MART STORES INC 2010-03 PURCHASE 2010-02   1,072 1,007     65  
    30 SH - WAL-MART STORES INC 2008-03 PURCHASE 2010-05   1,533 1,511     22  
    10 SH - 3M CO 2007-10 PURCHASE 2010-09   858 857     1  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7304 280,436 280,436

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7113 272,678 272,678
    WELLS FARGO ADVISORS - 7177 559,039 559,039
    WELLS FARGO ADVISORS- 7239 154,528 154,528
    WELLS FARGO ADVISORS - 7304 288,441 288,441
    WELLS FARGO ADVISORS - 0778 111,066 111,066

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    US Government Securities - End of Year Book Value:

    825,687
    US Government Securities - End of Year Fair Market Value:

    825,687
    State & Local Government Securities - End of Year Book Value:


    157,015
    State & Local Government Securities - End of Year Fair Market Value:


    157,015


    TY 2010 OtherExpensesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 1,785 1,785    


    TY 2010 OtherIncomeSchedule2
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FORM 1099-OID (WELLS FARGO 7 1,912 1,912 1,912


    TY 2010 OtherIncreasesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Description Amount
    UNREALIZED GAINS 72,197


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 20,746 20,746    


    TY 2010 TaxesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 1,573 1,573    
    FOREIGN TAXES PAID 33 33