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
TRANSFORMATION TRUST INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 80007   Room/suite
City or town, state, and ZIP code
INDIANAPOLIS, IN46280
A Employer identification number

35-2024586
B Telephone number (see page 10 of the instructions)

(317) 580-2002
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$28,962,866J 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) 5,027,834
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 518,907 518,907  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 400,378
b Gross sales price for all assets on line 6a 1,678,340
7 Capital gain net income (from Part IV, line 2)... 400,378
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,947,119 919,285  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 115,000 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 15,038 0   0
b Accounting fees (attach schedule)....... Click to see attachment 29,217 0   0
c Other professional fees (attach schedule).... Click to see attachment 60,698 59,538   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 17,361 727   0
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 -946 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 236,368 60,265   0
25 Contributions, gifts, grants paid........ 657,000 657,000
26 Total expenses and disbursements. Add lines 24 and 25 893,368 60,265   657,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,053,751
b Net investment income (if negative, enter -0-) 859,020
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............... 22,833 100,276 100,276
2 Savings and temporary cash investments.......... 3,502,263 5,216,371 5,216,371
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) 1,005,715 Click to see attachment1,041,387 1,113,812
b Investments—corporate stock (attach schedule)........ 6,184,438 Click to see attachment19,732,043 20,395,901
c Investments—corporate bonds (attach schedule)........ 228,587 Click to see attachment235,729 168,091
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 11,758,725 Click to see attachment1,493,092 1,968,415
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) 22,702,561 27,818,898 28,962,866
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment581 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 581 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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 22,701,980 27,818,898
30 Total net assets or fund balances (see page 17 of the
instructions).................... 22,701,980 27,818,898
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 22,702,561 27,818,898
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 22,701,980
2 Enter amount from Part I, line 27a...................... 2 5,053,751
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 63,167
4 Add lines 1, 2, and 3.......................... 4 27,818,898
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 27,818,898
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 CAMBRIDGE D 2008-12-31 2010-12-31
b MCHOLDINGS D 2008-12-31 2010-12-31
c ALLEGHENY ENERGY INCSTOCK MERGER AT .667SHARES OF D 2006-01-17 2010-09-28
d ALLEGHENY ENERGY INCSTOCK MERGER AT .667SHARES OF D 2006-01-11 2010-09-22
e ALLEGHENY ENERGY INCSTOCK MERGER AT .667SHARES OF D 2006-01-17 2010-09-22
ALLEGHENY ENERGY INCSTOCK MERGER AT .667SHARES OF D 2006-01-11 2010-08-23
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-08-12
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-08-04
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-07-21
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-06-29
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-06-08
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-06-03
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-05-18
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-05-06
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-04-29
ANGLO AMERICAN ADR EACH REPR 0.5 ORD USD0.54945 D 2008-11-13 2010-03-23
CACI INTL INC CL A D 2008-01-07 2010-09-08
CACI INTL INC CL A D 2008-01-07 2010-09-02
CALPINE CORP COM NEW D 2008-11-13 2010-10-20
CALPINE CORP COM NEW D 2008-11-13 2010-10-13
CALPINE CORP COM NEW D 2008-11-13 2010-03-03
CHINA OILFIELD SERVICES H CNY1 ISIN #CNE1000002P4 P 2010-03-11 2010-07-22
CHINA UNICOM (HONG KONG) LIMITED ADR EACH REP 10 O D 2008-11-13 2010-11-09
CHINA UNICOM (HONG KONG) LIMITED ADR EACH REP 10 O D 2008-11-13 2010-03-30
CHINA UNICOM (HONG KONG) LIMITED ADR EACH REP 10 O D 2008-11-13 2010-01-20
COMPUTERSHARE LTD NPV(POST REC) ISIN #AU000000CPU5 P 2010-01-20 2010-07-14
DEAN FOODS CO P 2009-09-29 2010-09-16
EL PASO CORP COM D 2006-01-17 2010-12-30
EL PASO CORP COM D 2007-11-20 2010-12-30
EL PASO CORP COM D 2006-01-17 2010-12-23
EL PASO CORP COM D 2006-01-17 2010-12-07
EL PASO CORP COM D 2006-01-17 2010-11-02
EL PASO CORP COM D 2006-01-17 2010-10-13
EL PASO CORP COM D 2006-01-17 2010-08-31
GAZPROM O A O SPONSORED ADR ISIN #US3682872078 SED P 2009-01-29 2010-06-30
GENON ENERGY INC COM P 2009-01-29 2010-11-23
HONG KONG EXCHANGES & CLEARING HKD1 ISIN #HK038804 D 2006-01-17 2010-08-19
HOWARD HUGHES CORP COM USD0.01 P 2010-11-17 2010-11-17
HUANENG POWER INTERNATIONAL INC ADR EACH REP 40 H D 2007-11-20 2010-03-15
HUANENG POWER INTERNATIONAL INC ADR EACH REP 40 H D 2008-01-07 2010-03-15
HUANENG POWER INTERNATIONAL INC ADR EACH REP 40 H D 2007-11-20 2010-02-26
INTERCONTINENTALEXCHINC D 2006-09-11 2010-12-21
INTERCONTINENTALEXCHINC D 2006-09-11 2010-12-13
KUNLUN ENERGY COMPANY LIMITED ORD HKD0.01 ISIN #BM P 2009-09-29 2010-07-08
LABRANCHE & CO **STOCK MERGER AT .998 PER SHARE TO D 2007-11-20 2010-05-28
LABRANCHE & CO **STOCK MERGER AT .998 PER SHARE TO D 2006-01-17 2010-04-30
LABRANCHE & CO **STOCK MERGER AT .998 PER SHARE TO D 2006-01-11 2010-04-30
LABRANCHE & CO **STOCK MERGER AT .998 PER SHARE TO D 2007-11-20 2010-04-30
LEGG MASON D 2006-01-10 2010-07-01
LEGG MASON D 2007-11-20 2010-07-01
LEGG MASON D 2008-01-07 2010-07-01
LIBERTY ACQUISITION HLGS CORP COM (COMBINATION)FRO P 2010-10-20 2010-12-01
LONDON STOCK EXCHANGE GROUP ORD GBP0.06918604 ISIN D 2006-01-17 2010-06-16
LONDON STOCK EXCHANGE GROUP ORD GBP0.06918604 ISIN D 2006-01-17 2010-05-27
NARA BANCORP INC D 2007-11-20 2010-07-08
NARA BANCORP INC D 2006-04-28 2010-07-08
NARA BANCORP INC D 2007-11-20 2010-07-08
NARA BANCORP INC D 2008-01-07 2010-07-08
NASDAQ OMX GROUP INC D 2008-01-07 2010-09-14
NASDAQ OMX GROUP INC D 2008-01-07 2010-08-31
NASDAQ OMX GROUP INC D 2008-01-07 2010-08-31
NASDAQ OMX GROUP INC D 2008-01-07 2010-08-31
NUVEEN SR INCOME FD COM P 2009-03-12 2010-06-23
NUVEEN SR INCOME FD COM P 2009-03-11 2010-06-23
NUVEEN SR INCOME FD COM P 2009-03-13 2010-06-23
NUVEEN SR INCOME FD COM P 2009-03-16 2010-06-23
NYSE EURONEXT D 2006-01-17 2010-11-30
NYSE EURONEXT D 2007-11-20 2010-11-30
NYSE EURONEXT D 2008-01-07 2010-11-30
NYSE EURONEXT D 2006-01-11 2010-11-03
NYSE EURONEXT D 2006-01-17 2010-11-03
PARGESA HLDGS SA CHF20(BR) ISIN #CH0021783391 SEDO D 2007-11-20 2010-06-22
PARGESA HLDGS SA CHF20(BR) ISIN #CH0021783391 SEDO D 2008-01-07 2010-06-22
PARGESA HLDGS SA CHF20(BR) ISIN #CH0021783391 SEDO D 2006-01-17 2010-06-07
PARGESA HLDGS SA CHF20(BR) ISIN #CH0021783391 SEDO D 2007-11-20 2010-06-07
PARGESA HLDGS SA CHF20(BR) ISIN #CH0021783391 SEDO D 2006-01-17 2010-04-23
PARGESA HLDGS SA CHF20(BR) ISIN #CH0021783391 SEDO D 2006-01-17 2010-04-14
PICO HOLDINGS INC P 2009-09-29 2010-08-17
PICO HOLDINGS INC P 2009-10-27 2010-08-17
PICO HOLDINGS INC P 2009-09-29 2010-08-05
PNC FINL SVCS GROUP P 2010-02-09 2010-08-17
POWER CORP OF CANADASUBORD VTG NPV ISIN #CA7392391 D 2007-11-20 2010-06-30
POWER CORP OF CANADASUBORD VTG NPV ISIN #CA7392391 D 2008-01-07 2010-06-30
POWER CORP OF CANADASUBORD VTG NPV ISIN #CA7392391 D 2007-02-15 2010-06-15
POWER CORP OF CANADASUBORD VTG NPV ISIN #CA7392391 D 2007-11-20 2010-06-15
POWER CORP OF CANADASUBORD VTG NPV ISIN #CA7392391 D 2007-02-15 2010-05-12
POWER CORP OF CANADASUBORD VTG NPV ISIN #CA7392391 D 2007-02-15 2010-05-04
PROMOTORA DE INFORMACIONES(PRISA)SPON ADR EACH REP P 2010-12-01 2010-12-01
PROMOTORA DE INFORMACIONES(PRISA)SPON ADR EACH REP P 2010-12-01 2010-12-01
RMR ASIA PAC REAL ESTATE FD COM P 2009-02-11 2010-07-30
RMR ASIA PAC REAL ESTATE FD COM P 2009-02-12 2010-07-30
RMR ASIA PAC REAL ESTATE FD COM P 2009-03-19 2010-07-30
SINGAPORE EXCHANGE NPV ISIN #SG1J26887955 SEDOL #6 D 2006-07-31 2010-12-09
ST JOE COMPANY P 2009-05-07 2010-08-17
TIME WARNER INC NEW COM NEW P 2009-01-29 2010-11-09
UTS ENERGY CORP COM NPV ISIN #CA9033961090 SEDOL # P 2009-12-15 2010-08-10
UTS ENERGY CORP COM NPV ISIN #CA9033961090 SEDOL # P 2009-12-14 2010-08-03
UTS ENERGY CORP COM NPV ISIN #CA9033961090 SEDOL # P 2009-12-15 2010-08-03
UTS ENERGY CORP COM NPV ISIN #CA9033961090 SEDOL # P 2009-12-14 2010-07-27
WASHINGTON POST CO CL B P 2009-01-29 2010-09-15
WILLIAMS COS INC D 2006-01-17 2010-09-21
WILSHIRE BANCORP INC D 2008-01-07 2010-07-14
EV PARAMETRIC TAX MGD EMERGING MKTS I D 2008-01-07 2010-05-18
HARBOR HIGH YIELD BDINST. P 2009-02-25 2010-05-03
ISHARES IBOXX $ INVESTOP INVESTMENT GRADE CORP BD P 2009-02-25 2010-02-05
ISHARES IBOXX $ INVESTOP INVESTMENT GRADE CORP BD P 2009-02-25 2010-02-05
SALLIE MAE BK MURRAY UTAH 4.25000% 11/19/2010CD P 2009-05-11 2010-11-19
CAPITAL GAINS DIVIDENDS P    
(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 3,388     3,388
b 48,993     48,993
c 7,935   17,213 -9,278
d 2,810   6,389 -3,579
e 1,718   3,907 -2,189
2,687   6,441 -3,754
3,302   1,787 1,515
4,444   2,145 2,299
9,125   4,944 4,181
3,919   2,204 1,715
2,913   1,638 1,275
3,815   1,986 1,829
11,233   5,828 5,405
2,952   1,539 1,413
6,615   2,998 3,617
4,363   2,135 2,228
4,058   4,753 -695
4,152   4,951 -799
7,334   5,414 1,920
9,014   6,527 2,487
4,191   3,405 786
3,397   4,303 -906
8,594   8,085 509
4,201   4,991 -790
7,069   7,859 -790
3,251   4,099 -848
3,289   5,930 -2,641
2,125   3,324 -1,199
2,629   4,113 -1,484
4,669   7,331 -2,662
4,369   6,755 -2,386
5,133   8,162 -3,029
4,744   7,608 -2,864
7,152   13,468 -6,316
7,178   4,984 2,194
5,364   8,136 -2,772
4,023   3,769 254
36     36
360   448 -88
3,600   4,478 -878
3,502   4,388 -886
6,570   7,061 -491
13,024   14,122 -1,098
5,114   3,098 2,016
6,061   10,579 -4,518
1,945   2,980 -1,035
467   715 -248
389   596 -207
2,200   3,886 -1,686
5,501   9,716 -4,215
2,751   4,858 -2,107
333   7,095 0
4,077   7,086 -3,009
6,597   11,820 -5,223
538   758 -220
2,490   3,512 -1,022
2,624   3,702 -1,078
2,174   3,066 -892
3,388   7,796 -4,408
450   1,120 -670
2,266   5,646 -3,380
3,598   8,976 -5,378
2,169   955 1,214
1,371   594 777
747   338 409
4,548   2,094 2,454
1,673   3,460 -1,787
1,919   3,970 -2,051
2,742   5,672 -2,930
1,774   3,403 -1,629
2,632   5,048 -2,416
1,999   3,237 -1,238
5,169   8,372 -3,203
1,836   3,126 -1,290
5,968   10,158 -4,190
4,222   5,582 -1,360
4,325   5,582 -1,257
3,284   3,980 -696
4,857   5,898 -1,041
4,294   4,592 -298
4,174   3,838 336
265   339 -74
3,620   4,628 -1,008
1,185   1,419 -234
3,582   4,289 -707
4,286   4,875 -589
4,278   4,875 -597
5     5
4     4
1,721   1,297 424
1,400   1,065 335
823   564 259
6,485   5,189 1,296
6,329   6,480 -151
3,545   2,318 1,227
4,621   2,731 1,890
280   163 117
3,880   2,247 1,633
5,151   2,971 2,180
5,760   6,566 -806
2,262   4,735 -2,473
2,473   3,213 -740
86,240   80,060 6,180
666,813   600,096 66,717
9,394   8,552 842
114,820   104,530 10,290
35,000   35,000 0
338,212     338,212
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       3,388
b       48,993
c       -9,278
d       -3,579
e       -2,189
      -3,754
      1,515
      2,299
      4,181
      1,715
      1,275
      1,829
      5,405
      1,413
      3,617
      2,228
      -695
      -799
      1,920
      2,487
      786
      -906
      509
      -790
      -790
      -848
      -2,641
      -1,199
      -1,484
      -2,662
      -2,386
      -3,029
      -2,864
      -6,316
      2,194
      -2,772
      254
      36
      -88
      -878
      -886
      -491
      -1,098
      2,016
      -4,518
      -1,035
      -248
      -207
      -1,686
      -4,215
      -2,107
      0
      -3,009
      -5,223
      -220
      -1,022
      -1,078
      -892
      -4,408
      -670
      -3,380
      -5,378
      1,214
      777
      409
      2,454
      -1,787
      -2,051
      -2,930
      -1,629
      -2,416
      -1,238
      -3,203
      -1,290
      -4,190
      -1,360
      -1,257
      -696
      -1,041
      -298
      336
      -74
      -1,008
      -234
      -707
      -589
      -597
      5
      4
      424
      335
      259
      1,296
      -151
      1,227
      1,890
      117
      1,633
      2,180
      -806
      -2,473
      -740
      6,180
      66,717
      842
      10,290
      0
      338,212
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 2 400,378
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 98,000 13,621,811 0.007194
2008 263,966 4,406,075 0.059910
2007 258,549 4,830,497 0.053524
2006 313,660 4,208,666 0.074527
2005 93,760 3,878,484 0.024174
2 Total of line 1, column (d) ...................... 2 0.219329
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 0.043866
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 25,215,172
5 Multiply line 4 by line 3....................... 5 1,106,089
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,590
7 Add lines 5 and 6......................... 7 1,114,679
8 Enter qualifying distributions from Part XII, line 4.............. 8 657,000
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 17,180
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 17,180
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 17,180
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 8,924
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,924
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 1,744
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,744 Refunded Bullet 11 0
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
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIN
    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 ofbulletTRANSFORMATION TRUST Telephone no.bullet (317) 580-2002
    Located atbulletPO BOX 80007INDIANAPOLISIN ZIP+4bullet46280
    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
     
     
    .........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
    SHEILA KLINK BOARD MEMBER
    20.00     		75,000 0 0
    PO BOX 80007
    INDIANAPOLIS,IN46280
    ELIZABETH HAMILTON BOARD MEMBER
    10.00     		40,000 0 0
    PO BOX 80007
    INDIANAPOLIS,IN46280
    PATSY HEARD BOARD MEMBER
    1.00     		0 0 0
    PO BOX 80007
    INDIANAPOLIS,IN46280
    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
    25,574,327
    b
    Average of monthly cash balances.......................
    1b
    24,832
    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
    25,599,159
    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
    25,599,159
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    383,987
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,215,172
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,260,759
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,260,759
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    17,180
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,180
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,243,579
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,243,579
    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
    1,243,579
    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
    657,000
    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
    657,000
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    657,000
    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 1,243,579
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 504,345
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 657,000
    a Applied to 2009, but not more than line 2a 504,345
    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..... 152,655
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		1,090,924
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ART RANCH CRESTONE
    44828 TYLER CREEK DRIVE
    HOT SPRINGS,CA93207     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 25,000
    BETHLEHEM HOUSE RESIDENCE INC
    130 EAST 30TH STREET
    INDIANAPOLIS,IN46205     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 65,000
    CARE FOR KIDS FOUNDATION INC
    4760 KINGSWAY DR
    INDIANAPOLIS,IN46205     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 40,000
    CARPINTERIA EDUCATION FOUNDATION INC
    5201 8TH STREET SUITE 311
    CONCORD,CA94520     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 15,000
    CHALLENGE DAY
    2520 STANWELL DRIVE SUITE 160
    CONCORD,CA94520     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 50,000
    CHILD ABUSE LISTENING MEDIATION (CALM)
    1236 CHAPALA STREET
    SANTA BARBARA,CA93101     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 25,000
    FOOD FAMILY FARMING FOUNDATION
    4810 RIVERBEND RD
    BOULDER,CO80301     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 25,000
    THE FRIENDSHIP CLUB
    138 NEW MOHAWK ROAD 275
    NEVADA CITY,CA95959     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 15,000
    GANGAJI FOUNDATION
    PO BOX 716
    ASHLAND,OR97520     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 75,000
    GANNA WALSKA LOTUSLAND FOUNDATION
    695 ASHLEY ROAD
    SANTA BARBARA,CA93108     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 50,000
    GENESIS WEST INC
    PO BOX 1534
    SUMMERLAND,CA93067     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 2,000
    GRASS VALLEY CHARTER SCHOOL FOUNDATION
    342 S SCHOOL STREET
    GRASS VALLEY,CA95945     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 15,000
    HAMILTON COUNTY VESTA FOUNDATION FOR CHILDREN INC
    1118 W MAIN
    CARMEL,IN46032     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 10,000
    HOPE THROUGH HEALING HANDS
    2033 RICHARD JONES ROAD
    NASHVILLE,TN37215     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 15,000
    KID TOO KID FOUNDATION
    491 NORTH MAGEE STREET
    SOUTHAMPTON,NY11968     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 25,000
    OPEN GATE SANGHA INC
    1299 DEL MAR AVE STE 200
    SAN JOSE,CA95060     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 75,000
    RED ALERT ROBOTICS PARENT ORGANIZATION
    2717 SOUTH MORGANTOWN ROAD
    GREENWOOD,CA46143     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 5,000
    SANTA BARBARA BOWL FOUNDATION
    1122 NORTH MILPAS STREET
    SANTA BARBARA,CA93103     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 15,000
    SOUTHPORT UNITED METHODIST CHURCH
    1947 SOUTHPORT ROAD
    INDIANAPOLIS,IN46227     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 25,000
    TWIN PINES COOPERATIVE FOUNDATION
    216 F ST 1844
    DAVIS,CA95616     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 10,000
    THE WORK FOUNDATION INC
    PO BOX 20310
    SANTA BARBARA,CA93120     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 50,000
    YOUTH SHELTERS AND FAMILY SERVICES INC
    PO BOX 28279
    SANTA FE,NM87592     		N/A 501(C)(3) CONTRIBUTION TO GENERAL FUND 25,000
    Total .................................bullet 3a 657,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 518,907  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 400,378  
    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).. 0 919,285 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13919,285
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    TRANSFORMATION TRUST INC
     
    Employer identification number

    35-2024586
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    TRANSFORMATION TRUST INC
          		Employer identification number

    35-2024586
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    ESTATE OF EDWIN HOWARD KLINK
     

         
    101 W OHIO STREET STE 1350
       
    INDIANAPOLIS, IN   46204

    		$191,512




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
    ESTATE OF EDWIN HOWARD KLINK
     

         
    101 W OHIO STREET STE 1350
       
    INDIANAPOLIS, IN   46204

    		$941,243




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
    ESTATE OF EDWIN HOWARD KLINK
     

         
    101 W OHIO STREET STE 1350
       
    INDIANAPOLIS, IN   46204

    		$3,895,079




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    TRANSFORMATION TRUST INC
          		Employer identification number

    35-2024586
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 SECURITIES   $191,512 2010-01-31
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 SECURITIES   $941,243 2010-01-31
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 SECURITIES   $3,895,078 2010-07-31
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    TRANSFORMATION TRUST INC
          		Employer identification number

    35-2024586
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 29,217 0   0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TRIBUNE CO NEW NT 97,005 45,500
    LOOMIS SAYLES BOND INSTL (LSBDX ) 100,024 98,143
    WILLIAMS COS INC (WMB ) 38,700 24,448

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CNPC HONG KONG LTD SHS 0 0
    NATIONALE PORTEFEUILLE (CNAPF) 17,045 17,087
    GREENLIGHT CAPITAL RE LTD COM STK 18,798 22,601
    LONDON STOCK EXCHANGE GROUP PLC 0 0
    VALUE PARTNERS GROUP LTD HKD0.10 3,128 7,024
    PARGESA HOLDING SA GENEVE 0 0
    OSAKA SECURITIES EXCHANGE CO LTD 18,608 20,038
    JSE LIMITED JOHANNESBURG SHS 12,322 20,300
    BEIJING CAPITAL INTERNATIONAL 19,672 12,812
    CHEUNG KONG INFRASTRUCTURE HLDGS 8,458 15,424
    HENDERSON LAND DEVELOPMENT CO LTD 9,458 20,454
    HONG KONG EXCHANGES AND CLEARING LTD SHS 6,783 10,206
    SINGAPORE EXCHANGE LTD SHS 5,189 6,573
    AUTONATION INC (AN) 31,871 42,836
    AUTOZONE INC NEV (AZO) 27,491 40,343
    ALLEGHENY ENERGY INC (AYE ) 0 0
    ANGLO AMERN PLC ADR NEW (AAUKY ) 0 0
    BROOKFIELD ASSET MGMT INC COM 20,262 20,207
    CME GROUP INC (CME ) 29,061 21,557
    CNOOC LTD SPONSORED ADR (CEO ) 10,205 14,541
    CACI INTL INC CL A (CACI ) 0 0
    CALPINE CORP COM NEW (CPN ) 0 0
    CANADIAN OIL SANDS TR NEW UNIT 20,662 25,395
    CENOVUS ENERGY INC COM NPV 5,001 7,845
    DISCOVERY COMMUNICATIONS INC (DISCA) 8,554 8,549
    CHINA UNICOM LTD SPONS ADR (CHU ) 0 0
    DEAN FOODS CO (DF ) 0 0
    EL PASO CORP COM (EP ) 21,651 13,980
    ENCANA CORP 5,978 6,872
    FAIRFAX FINANCIAL HLDGS (FRFHF) 4,017 4,116
    FOREST CITY ENTERPRISES CL A (FCEA ) 32,423 33,597
    FRANCO NEVADA CORP COM 22,029 27,849
    HOWARD HUGHES CORP COM (HHC) 3,036 48,488
    GAZPROM O A O SPONSORED ADR 0 0
    HUANENG POWER INTL INC - ADR (HNP ) 0 0
    IAC/INTERACTIVECRP COM (IACI) 13,401 14,207
    ICAHN ENTERPRISES LP DESPOSTITARY UNIT (IEP ) 12,540 5,818
    INTERCONTINENTALEXCH INTL (ICE ) 0 0
    JARDEN CORP COM (JAH ) 15,879 15,836
    JARDINE STRATEGIC HLDGS (JSHLY) 24,672 26,019
    LABRANCHE & CO (LAB ) 0 0
    LEGG MASON (LM ) 0 0
    LEUCADIA NATL CORP (LUK ) 67,707 40,998
    LIBERTY MEDIA HLDG CORP INTERACTIVE COM (LINTA) 7,172 10,818
    LIBERTY MEDIA HLDG CORP CAP COM (LCAPA) 28,101 38,349
    LIBERTY MEDIA CORP NEW LIBERTY STARZ (LSTZA) 29,261 34,237
    MARKET VECTORS ETF TR GAMING ETF (BJK ) 5,384 10,075
    MASTERCARD INC CL A (MA ) 16,791 13,222
    NYSE EURONEXT (NYX ) 0 0
    NARA BANCORP INC (NARA ) 0 0
    NASDAQ OMX GROUP INC (NDAQ ) 0 0
    NUVEEN SR INCOME FD COM (NSL ) 0 0
    PICO HOLDINGS INC (PICO ) 0 0
    PHILIP MORRIS INTL INC COM (PM ) 19,588 21,129
    PIMCO FLOATING RATE STRATEGY FD (PFN ) 6,067 15,325
    PROMOTORA DE INFORMACIONES (PRIS) 2,079 1,997
    PROMOTORA DE INFORMACIONES (PRISB) 4,683 4,760
    POWER CORP CDA 0 0
    RRI ENERGY INC COM (RRI ) 0 0
    RMR ASIA PAC REAL ESTATE FD COM (RAP ) 0 0
    ST JOE COMPANY (JOE ) 0 0
    SCRIPPS E W CO OHIO CL A NEW (SSP ) 2,873 16,128
    SEARS HLDGS CORP (SHLD ) 36,161 42,554
    SILVER WHEATON CORPORATION COM 4,608 14,991
    TIME WARNER INC NEWCOM NEW (TWX 6,106 9,490
    UTS ENERGY CORP COM NPV 0 0
    URBANA CORP COM CL A NON-VTG 11,985 5,091
    WASHINGTON POST CO CL B (WPO ) 0 0
    WILSHIRE BANCORP INC (WIBC ) 0 0
    WYNN RESORTS LTD (WYNN ) 22,688 33,540
    LINK REAL ESTATE INVESTMENT TRUST 9,364 12,427
    GENERAL GROWTH PPTYS INC NEW COM (GGP) 34,404 38,236
    ISHARES IBOXX $ INVESTOP INVESTMENT 0 0
    CGM FOCUS (CGMFX ) 302,098 153,665
    COHEN & STEERS GL INFRASTRUCTURE (CSUIX) 500,024 523,002
    COLUMBIA ACORN CLASS Z (ACRNX ) 140,746 153,211
    EV PARAMETRIC TAX MG (EITEX) 150,060 202,358
    EATON VANCE TAX MNGD EMERGING MKTS INSTL (EITEX ) 0 0
    FAIRHOLME FUND (FAIRX ) 600,096 811,944
    HARBOR HIGH YIELD BD INST. (HYFAX ) 0 0
    IVA WORLDWIDE FUND CL I (IVWIX ) 1,093,944 1,355,138
    IVY GLOBAL NAT RESOURCES CL Y (IGNYX ) 604,994 347,253
    IVY GLOBAL NATURAL RESOURCES CLASS A (IGNAX ) 45,000 30,901
    JENSEN PORTFOLIO CLASS I (JENIX ) 575,096 854,578
    JPMORGAN CORE BOND SELECT SHARES (WOBDX) 5,354,500 5,415,913
    MATTHEWS ASIAN GROWTH & INCOME FUND (MACSX) 88,000 99,406
    MERIDIAN GROWTH FUND (MERDX ) 133,616 159,988
    PIMCO TOTAL RETURN INSTL (PTTRX ) 5,326,972 5,232,978
    PAX WORLD BALANCED INDIVIDUAL INV (PAXWX) 870,000 989,985
    PAX WORLD GLOBAL GREEN FUND (PGINX) 500,000 600,220
    PIMCO COMMODITY REAL RETURN INST (PCRIX ) 1,297,350 1,104,051
    PIMCO EMERGING LOCAL BOND FD INST CL (PELBX) 1,181,837 1,239,812
    COLUMBIA ST BK TACOMA WASH 100,144 100,251
    MCFARLAND ST BK WIS CD 35,396 36,066
    SUNTRUST BK ATLANTA GA 88,954 91,240

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    US Government Securities - End of Year Book Value:

    1,014,447
    US Government Securities - End of Year Fair Market Value:

    1,088,341
    State & Local Government Securities - End of Year Book Value:


    26,940
    State & Local Government Securities - End of Year Fair Market Value:


    25,471


    TY 2010 InvestmentsOtherSchedule2
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FUTURE SELECT FMV 250,000 13,685
    GLENROCK FMV 1,038,343 1,776,156
    CAMBRIDGE FMV 166,422 166,422
    MC HOLDINGS FMV 38,327 12,152
    LOAN RECEIVABLE FMV 0 0

    TY 2010 LegalFeesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 15,038 0   0


    TY 2010 OtherExpensesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 94 0   0
    MISCELLANEOUS EXPENSES -1,040 0   0


    TY 2010 OtherIncreasesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Description Amount
    ADJUSTMENT TO COST BASIS BY BROKER 63,167


    TY 2010 OtherLiabilitiesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 581 0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 59,538 59,538   0
    OTHER CONTRACT SERVICES 1,160 0   0


    TY 2010 TaxesSchedule
    Name:
    TRANSFORMATION TRUST INC
    EIN: 35-2024586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES ON INVESTMENTS 727 727   0
    EXCISE TAXES 7,000 0   0
    PAYROLL TAXES 9,634 0   0