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
WILLIAMSON FOUNDATION FOR MUSIC
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 524   Room/suite
City or town, state, and ZIP code
PEBBLE BEACH, CA93953
A Employer identification number

20-2468781
B Telephone number (see page 10 of the instructions)

(831) 624-4143
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$3,057,119J 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      
4 Dividends and interest from securities...... 117,069 117,069  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -318,747
b Gross sales price for all assets on line 6a 1,434,742
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ -201,678 117,069  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 27,668 27,668    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
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 225 50   175
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,893 27,718   175
25 Contributions, gifts, grants paid........ 115,617 115,617
26 Total expenses and disbursements. Add lines 24 and 25 143,510 27,718   115,792
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -345,188
b Net investment income (if negative, enter -0-) 89,351
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...............      
2 Savings and temporary cash investments.......... 149,137 139,672 139,672
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 14,937 Click to see attachment372,393 384,825
c Investments—corporate bonds (attach schedule)........ 199,602 Click to see attachment219,559 258,342
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,674,256 Click to see attachment1,959,120 2,274,280
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) 3,037,932 2,690,744 3,057,119
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 attachment2,000  
23 Total liabilities (add lines 17 through 22).......... 2,000 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 3,035,932 2,690,744
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,035,932 2,690,744
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,037,932 2,690,744
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 3,035,932
2 Enter amount from Part I, line 27a...................... 2 -345,188
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,690,744
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 2,690,744
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 6603.703 AMERICAN FD FUNDAMENTAL INV P 2010-01-01 2010-01-22
b 120 CAMDEN PROPERTY TRUST P 2009-10-29 2010-07-08
c 5368.484 AMERICAN FD GROWTH FD OF AM P 2010-01-01 2010-01-22
d 1465 ING PRIME RATE TRUST P 2009-10-29 2010-07-08
e 3086.62 AMERICAN FD NEW WORLD P 2010-01-01 2010-01-22
60 ISHARES TR BARCLAYS TIPS BOND P 2009-10-29 2010-07-08
7820 WILLIAMS COAL SEAM GAS ROYALTY P 2010-01-01 2010-02-10
90 PUBLIC STORAGE REIT P 2009-10-29 2010-07-08
195 GREAT NTHN IRON ORE PPTY ROYALTY P 2010-01-01 2010-03-25
95 SPDR SERIES TR P 2010-04-09 2010-07-08
5287.559 AMERICAN FD CAPITAL INC P 2010-01-01 2010-03-29
675 TEMPLETON MRG MKTS INCM P 2009-10-29 2010-07-08
9442.691 AMERICAN FD NEW PERSPECTIVE P 2010-01-01 2010-04-09
582.807 RYDEX SGO MULTI-HEDGE STRATE P 2009-11-11 2010-10-05
6609.387 AMERICAN FD INV CO OF AMERI P 2010-01-01 2010-05-21
2783.386 RYDEX SGI MULTI-HEDGE STRAT P 2009-10-02 2010-10-05
6170.206 AMERICAN FD WASHINGTON MUTU P 2010-01-01 2010-05-21
1165 RYL BK SCT 7.65% P 2009-11-11 2010-06-25
100 BARCLAYS BANK IPATH P 2009-09-30 2010-07-08
165 BARCLAYS BANK IPATH P 2009-09-30 2010-07-08
200 BARCLAYS BANK IPATH P 2009-09-30 2010-07-08
175 BARCLAYS BANK IPATH P 2010-03-29 2010-07-08
110 BOSTON PROPERTIES P 2009-10-29 2010-07-08
(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 212,243   265,170 -52,927
b 5,036   4,353 683
c 143,231   189,197 -45,966
d 8,004   7,398 606
e 142,355   150,114 -7,759
6,335   6,187 148
9,699   27,998 -18,299
8,089   6,564 1,525
19,170   17,940 1,230
5,025   5,276 -251
179,618   225,101 -45,483
10,002   9,057 945
252,592   288,298 -35,706
12,303   12,000 303
163,318   220,764 -57,446
57,807   56,000 1,807
147,159   212,648 -65,489
20,502   17,981 2,521
3,796   3,854 -58
6,263   6,359 -96
7,591   7,708 -117
6,642   7,002 -360
7,962   6,520 1,442
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       -52,927
b       683
c       -45,966
d       606
e       -7,759
      148
      -18,299
      1,525
      1,230
      -251
      -45,483
      945
      -35,706
      303
      -57,446
      1,807
      -65,489
      2,521
      -58
      -96
      -117
      -360
      1,442
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 -318,747
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 -320,554
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      
2008      
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
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 1,787
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 1,787
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 1,787
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 586
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 3,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,586
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 27
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 1,772
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,772 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletCA
    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 addressbulletWFMUSIC.ORG
    14
    The books are in care ofbulletMAEVE MURPHY Telephone no.bullet (831) 624-4143
    Located atbulletPO BOX 524PEBBLE BEACHCA ZIP+4bullet93953
    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
     
    No
    .........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
    JULIE HANSENClick to see attachment PRESIDENT
    3.00     		0 0 0
    PO BOX 524
    PEBBLE BEACH,CA93953
    WENDY BURNHAMClick to see attachment SECRETARY
    1.00     		0 0 0
    PO BOX 524
    PEBBLE BEACH,CA93953
    MAEVE MURPHYClick to see attachment TREASURER
    2.00     		0 0 0
    PO BOX 524
    PEBBLE BEACH,CA93953
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,628,171
    b
    Average of monthly cash balances.......................
    1b
    205,311
    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
    2,833,482
    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
    2,833,482
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    42,502
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,790,980
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    139,549
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    139,549
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,787
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,787
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    137,762
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    137,762
    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
    137,762
    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
    115,792
    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
    115,792
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    115,792
    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 7 137,762
    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....... 3,222
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 3,222
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 115,792
    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..... 115,792
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010. 3,222 3,222
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		18,748
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    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
    LILLIAN BELKNAP
    3415 AVE LAVAL 3
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 1,633
    ALISON CHAVEZ
    VIA BESSO 43
    LUGANO    
    SZ     		NONE NONE TO FURTHER MUSIC EDUCATION 1,250
    ALLEGRA ZIFFLE
    2311 B ST
    BELLINGHAM,WA98225     		NONE NONE TO FURTHER MUSIC EDUCATION 1,040
    NOAM BIERSTONE
    382 CORTLEIGH BLVD
    TORONTO    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    KRISTAN TOCZKO
    310-3455 RUE STANLEY
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    MARC LABRANCHE
    12235 DESENCLAVES
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    FRANCOIS PINEAU
    20 BD DE LADONNE
    PESSAC    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 1,809
    ALESSANDRO COPIA
    VIA DEI COMUNI 9/5 10090
    BUTTLGLIERA ALTA    
    IT     		NONE NONE TO FURTHER MUSIC EDUCATION 1,090
    DAVID NGO
    6362 SHADY BROOK LANE
    DALLAS,TX75206     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    JONATHAN CAMIRE
    65 RUE SHERBROOKE EST
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 2,229
    MARTHA BIJLSMA
    6 WERDERSTRASSE 30161
    HANNOVER    
    GM     		NONE NONE TO FURTHER MUSIC EDUCATION 1,711
    CAMILLE PAQUETTE-ROY
    710 LEMAN APP2
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    JEANIE KIM
    3484 PEEL STREET
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 750
    CHRISTOPHER JONES
    8855 SW 171ST ST
    MIAMI,FL33157     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    RACHEL ALLEN
    PO BOX 108
    HANOVER,NH03755     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    ELISABETH GILLMING
    CHEMIN DE MALVAND 14
    CHAMBESY    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    CHRISTINA CHARLES
    1704 SYCAMORE ST
    BETHLEHEM,PA18017     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    BARBARA BENTLEY
    3425 UNIVERSITY STREET
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 1,225
    KIA CHING CHANG
    PO BOX 66
    WAYNE,PA19087     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    NATHAN MIERDL
    22 RUE DES EBAZOIRS
    DIJON    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 1,655
    PIERRE-ANTOINE TREMBLAY
    4 MARC-AURELE-FORTIN
    QUEBEC    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 1,655
    NICO STEPHENSON
    3250 WEST 5TH AVENUE
    VANCOUVER    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 1,380
    IGOR KRATOVIC
    4147 ST HUBERT
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 1,700
    ALICIA MARIE VALOTI
    2500 BRINKMAN ST
    HOUSTON,TX77008     		NONE NONE TO FURTHER MUSIC EDUCATION 2,012
    MARIE BONNIN
    10 RUE PROFESSUER DEBRE
    DIJON    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 1,181
    RYAN BANCROFT
    PO BOX 108
    HANOVER,NH03755     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    PARIS ELLSWORTH
    PO BOX 1045
    EASTHAMPTON,MA01027     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    ALEX PEREIRA DA SILVA
    VIA NASSA 64
    LUGANO    
    SZ     		NONE NONE TO FURTHER MUSIC EDUCATION 1,178
    MUSIQUES EN VOUTES
    44 RUE CONDORCET
    DIJON    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 4,135
    FLORIE NAMIR
    9 ABERDEEN ROAD 3
    SOMERVILLE,MA02144     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    YANIV ATTAR
    1425 13TH ST SOUTH APT B
    BIRMINGHAM,AL35205     		NONE NONE TO FURTHER MUSIC EDUCATION 2,367
    LISHA GU
    236 W PORTAL AVE 104
    SAN FRANCISCO,CA94127     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    JEFFREY ELLIOTT SIEGFRIED
    600 N FOREST ST
    BELLINGHAM,WA98225     		NONE NONE TO FURTHER MUSIC EDUCATION 2,173
    ISABELA QUINES
    62 MARPLE ROAD
    POUHKEEPIE,NY12603     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    GUNTER SIEFERT
    41 RUE BERBISEY
    DIJON    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 15,299
    JEFFREY BASETT-JONES
    2109 LAURIER STREET EAST
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 824
    BRADLEY POWELL
    3532 RUE STE FAMILLE NO
    MONTREAL    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 2,000
    CHANTAL LEMIRE
    5320 198A ST
    LANGLEY    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 876
    BANG ON A CAN
    80 HANSON PLACE 701
    BROOKLYN,NY11217     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    BERKLEE COLLEGE OF MUSIC
    1140 BOYLSTON ST
    BOSTON,MA02215     		NONE NONE TO FURTHER MUSIC EDUCATION 10,000
    DOMAINE FORGET
    5 SAINT-ANTOINE
    CHARLEVOIX    
    CA     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    MARROWSTONE SUMMER MUSIC
    11065 FIFTH AVE NE STE A
    SEATTLE,WA98125     		NONE NONE TO FUTHER MUSIC EDUCATION 3,000
    LES AMIS DU TRIO AULNES
    2 BOULEVARD CHURCHILL
    DIJON    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 3,067
    YELLOW BARN
    63 MAIN STREET
    PUTNEY,VT05346     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    TICINO MUSICA
    CASELLA POSTALTE 722
    LUGANO    
    SZ     		NONE NONE TO FURTHER MUSIC EDUCATION 1,378
    MUSICALTA
    70 AVENUE CHARLES DE
    TASSIN DEMI LUNE    
    FR     		NONE NONE TO FURTHER MUSIC EDUCATION 3,000
    MITCHELL DOMINGUEZ
    10 LINKS WAY
    MARLTON,NJ08053     		NONE NONE TO FURTHER MUSIC EDUCATION 1,000
    Total .................................bullet 3a 115,617
    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          
    4 Dividends and interest from securities....     14 117,069  
    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 -318,747  
    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)..   -201,678  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-201,678
    (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 CompensationExplanation
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Person Name Explanation
    JULIE HANSEN  
    WENDY BURNHAM  
    MAEVE MURPHY  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AEGON 7.25% 14,989 19,495
    BARCLAYS BANK 8.125% 17,937 18,760
    DEUTSCHE BANK 7.35% 17,896 19,617
    FORD MOTOR CO 6.5% 14,676 25,957
    GREAT NORTHERN IRON ORE    
    ING GROUP 7.2% 15,053 22,011
    ING PRIME RATE TRUST 79,588 91,211
    MET LIFE 6.5% 20,002 21,327
    RBS CAP FUND 6.08% 20,464 20,993
    WELLS FARGO CAPITAL TR 7% 18,954 18,971

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALIANT TECHSYSTEMS INC 18,705 19,724
    CHEVRON CORP 20,662 23,725
    CISCO SYSTEMS 18,965 16,488
    HEWLETT PACKARD CO 18,807 17,051
    HSBC HOLDINGS 18,843 21,182
    JOHNSON & JOHNSON 18,757 19,174
    JP MORGAN CHASE & CO 18,833 20,150
    LOEWS COMP INC 20,942 20,566
    MCDONALDS CORP 20,880 23,412
    MEDTRONIC INC 18,898 17,432
    MICROSOFT CORP 18,838 19,677
    NEXTERA ENERGY 21,007 22,096
    NORFOLK SOUTHERN CORP 18,826 21,673
    PREXAIR INC 18,995 23,868
    ROGERS COMMUN INC 18,972 19,393
    TRANSOCEAN INC NEW 20,839 17,030
    WAL MART STORES 20,900 20,493
    WALGREEN COMPANY 20,859 22,012
    WELLS FARGO & CO. 18,865 19,679

    TY 2010 InvestmentsOtherSchedule2
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN FUDNS GROWTH FD OF AMERICA      
    AMERICAN FUNDS CAPITAL WORLD GROWTH      
    AMERICAN FUNDS FUNDAMENTAL INVESTORS      
    AMERICAN FUNDS INVESTMENT CO OF AMER      
    AMERICAN FUNDS NEW PERSPECTIVE FUND      
    AMERICAN FUNDS NEW WORLD      
    AMERICAN FUNDS WASHINGTON MUTUAL      
    APOLLO INVESTMENT CORP AT COST 81,219 90,884
    ARES CAPITAL CORP AT COST 78,091 108,438
    BAYCLAYS BANK IPATH INDIA AT COST 48,958 59,022
    BOSTON PROPERTIES AT COST 35,568 51,660
    BP PRUDHOE BAY AT COST 17,940 30,369
    CALAMOS MARKET NEUTRAL AT COST 70,110 71,260
    CAMDEN PROPERTY TRUST AT COST 37,727 56,139
    CROSS TIMBERS ROYALTY TRUST AT COST 24,996 32,303
    HEALTH CARE REIT AT COST 41,969 44,781
    ISHARES BRAZIL AT COST 55,627 60,372
    ISHARES CHINA AT COST 48,796 50,631
    ISHARES EAFE AT COST 97,774 103,632
    ISHARES EMRG MKT FD AT COST 48,662 56,218
    ISHARES JAPAN AT COST 107,673 120,974
    ISHARES NAREIT GLOBAL REAL AT COST 79,887 129,002
    ISHARES NARIET DEVELOPED AT COST 159,349 132,538
    ISHARES S & P PFD STK AT COST 29,554 32,398
    ISHARES TR BARCLAYS TIPS AT COST 83,347 87,091
    ISHARES TR S & P MIDCAP 400 AT COST 59,696 68,471
    ISHARES TR SM CAP 600 AT COST 39,826 45,533
    KIMCO REALTY CORP AT COST 42,095 59,983
    MERGER FUND AT COST 68,000 70,318
    MESABI ROYALTY TRUST AT COST 43,993 70,244
    NO EUROPEAN OIL ROYALTY TR AT COST 24,841 23,678
    PERMIAN BASIN ROYALTY TR AT COST 18,005 31,950
    PIMCO ALL ASSET AT COST 68,000 69,336
    PLUM CREEK TIMBER CO AT COST 17,976 21,908
    PUBLIC STORAGE AT COST 35,375 49,189
    ROYAL BANK SCOTLAND 7.65%      
    RYDEX SGI MDG FUTURES AT COST 68,000 64,350
    RYDEX SGI MULTI HEDGE      
    SABINE ROYALTY TRUST AT COST 24,746 35,432
    SAN JUAN BASIN ROYALTY TR AT COST 24,977 31,416
    SPDR SERIES TR AT COST 94,614 96,172
    TEMPLETON EMERGING MARKETS AT COST 84,034 95,963
    WILLIAMS COAL SEAM GAS      
    WISDOMTREE EMRG SM CAP AT COST 97,695 122,625

    TY 2010 OtherExpensesSchedule
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    WEBSITE DESIGN 90     90
    BANK CHARGES 50 50    
    MISCELLANEOUS 85     85


    TY 2010 OtherLiabilitiesSchedule
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER LIABILITIES 2,000  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    WILLIAMSON FOUNDATION FOR MUSIC
    EIN: 20-2468781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORS 27,668 27,668