TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010

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

Amended returnAddress changeName change

Name of foundation
AJ & MD RUGGIERO MEMORIAL TRUST
R80294003 / 0499218830

Number and street (or P.O. box number if mail is not delivered to street address)JPMORGAN CHASE BANKNAPO BOX 3038 Room/suite

City or town, state, and ZIP code
MILWAUKEE, WI53201

A Employer identification number

86-6240840

B Telephone number (see page 10 of the instructions)

(414) 977-1210

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$8,307,059J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	160		160
4	Dividends and interest from securities......	268,063		267,930
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		42,967
b	Gross sales price for all assets on line 6a 2,879,861
7	Capital gain net income (from Part IV, line 2)...			42,967
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........	311,190		311,057
13	Compensation of officers, directors, trustees, etc.	71,465		53,599	17,866
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		985	0	985
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		460	460	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	72,911		54,059	18,851
25	Contributions, gifts, grants paid........	372,450			372,450
26	Total expenses and disbursements. Add lines 24 and 25	445,361		54,059	391,301
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-134,171
b	Net investment income (if negative, enter -0-)			256,998
c	Adjusted net income (if negative, enter -0-)...

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	305,286	154,141	154,141
	2	Savings and temporary cash investments..........	609,208	310,214	310,214
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	1,668,623	2,578,269	2,885,125
	c	Investments—corporate bonds (attach schedule)........	4,781,240	4,844,200	4,957,579
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	661,738
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2	2	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,026,097	7,886,826	8,307,059
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	8,026,097	7,886,826
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	8,026,097	7,886,826
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	8,026,097	7,886,826

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	8,026,097
2	Enter amount from Part I, line 27a......................	2	-134,171
3	Other increases not included in line 2 (itemize)	3	1,664
4	Add lines 1, 2, and 3..........................	4	7,893,590
5	Decreases not included in line 2 (itemize)	5	6,764
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	7,886,826

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
1 a	SALES OF PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,878,299	2,836,894	41,405
b	1,562		1,562
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			41,405
b			1,562
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	42,967
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	418,238	7,841,361	0.053337
2008	411,021	8,451,113	0.048635
2007	372,270	8,418,335	0.044221
2006	367,221	7,608,312	0.048266
2005	360,160	7,420,188	0.048538

2	Total of line 1, column (d) ......................	2	0.242997
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	0.048599
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	8,042,928
5	Multiply line 4 by line 3.......................	5	390,878
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,570
7	Add lines 5 and 6.........................	7	393,448
8	Enter qualifying distributions from Part XII, line 4..............	8	391,301
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,140
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	5,140
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	5,140
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	842
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	842
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	26
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	4,324
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

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

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

JPMORGAN CHASE BANK Telephone no. bullet

(520) 878-2297

Located at bullet

1725 E SKYLINE DRIVETUCSONAZ ZIP+4 bullet

85718

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

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

At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2010?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2010.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JPMORGAN CHASE BANKNA	TRUSTEE 6.00	71,465	0	0
PO BOX 3038 MILWAUKEE,WI53201	TRUSTEE 6.00	71,465	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	N/A	0
2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

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

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A	0
2


All other program-related investments. See page 24 of the instructions.
3		0

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

Part X

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

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

purposes:

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

7,693,398

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

472,011

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

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

8,165,409

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

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

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

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

8,165,409

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

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

122,481

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

8,042,928

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

402,146

Part XI

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

and do not complete this part.)

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

402,146

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

5,140

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

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

5,140

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

397,006

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

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

397,006

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

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

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

397,006

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

391,301

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

391,301

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

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

391,301

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7				397,006
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......			372,450
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: $ 391,301
a Applied to 2009, but not more than line 2a			372,450
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.....				18,851
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 ..........				378,155
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........	0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............	0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2006....
b Excess from 2007....
c Excess from 2008....
d Excess from 2009....
e Excess from 2010....

Form 990-PF (2010)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2010, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

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

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)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CITY OF TUCSON PARKS AND RECREATION 1100 S RANDOLPH WAY TUCSON,AZ85716	NONE	GOVERNMENT UNIT	OPERATING FUNDS	205,544
FRIENDS OF MOUNT AUBURN CEMETERY 580 MT AUBURN STREET CAMBRIDGE,MA02138	NONE	PUBLIC CHARITY	OPERATING FUNDS	166,906
Total ................................. 3a				372,450

bApproved for future payment

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

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	160
4 Dividends and interest from securities....			14	268,063
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....			14
8Gain or (loss) from sales of assets other than inventory			18	42,967
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		311,190	0

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

13311,190

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2010 AccountingFeesSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	985	0		985

- TIN:

TY 2010 AllOthProgRltdInvestmentsSch

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Category	Amount
N/A	0

- TIN:

TY 2010 InvestmentsCorpBondsSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PAYDEN HIGH INCOME FUND - 33652.72 SHS	224,675	243,646
ISHARES BARCLAYS TIPS BOND FUND - 2013 SHS	199,335	216,438
EATON VANCE MUT FDS TR FLT RT CL I - 27212.6 SHS	237,566	243,825
JPM HIGH YIELD FD - SEL FUND 3580 6.12% - 30320.51 SHS	224,205	247,112
DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 5713.17 SHS	80,674	82,612
JPM INTL CURRENCY INCOME FD INCOME FUND 1.45% - 13723.7 SHS	150,000	154,392
IBM CORP 7 1/2% JUN 15 2013 - 20000 SHS	22,924	22,993
U S A BONDS 11 1/4% FEB 15 2015 DTD 2/15/85 - 190000 SHS	280,484	263,270
U S A BONDS 7 1/4% MAY 15 2016 DTD 5/15/86 - 190000 SHS	239,522	239,533
US TREAS ISSUE FEB 15 2012 DTD 2/15/85 - 215000 SHS	211,691	214,106
US TREAS ISSUE FEB 15 2014 DTD 2/15/85 - 270000 SHS	252,243	260,439
BOEING CAPITAL CORP NOTES 6 1/2% FEB 15 2012 DTD 11/9/2001 - 20000 SHS	21,739	21,227
HOUSEHOLD FINANCE CORP NOTES 7% MAY 15 2012 DTD 5/22/2002 - 27000 SHS	27,669	28,969
GE CAPITAL CORP MEDIUM TERM NOTES 6% JUN 15 2012 - 30000 SHS	30,712	32,070
VERIZON GLOBAL FUNDING CORP NOTES 7 3/8% SEP 1 2012 - 20000 SHS	22,210	22,082
BB&T CORP NOTES 4 3/4% OCT 1 2012 DTD 9/24/2002 - 10000 SHS	9,552	10,551
FANNIE MAE NOTES 4 3/8% SEP 15 2012 DTD 9/23/2002 - 225000 SHS	228,554	239,292
PUBLIC SERVICE COMPANY OF COLO 7 7/8% OCT 1 2012 DTD 4/1/2003 - 10000 SHS	11,378	11,142
FREDDIE MAC GOLD PARTIC CTF 6% FEB 1 2018 - 43097.21 SHS	46,451	46,956
SOUTHERN CAL EDISON 5% JAN 15 2014 DTD 1/14/2004 - 20000 SHS	20,955	21,766
HEWLETT-PACKARD CO NOTES 4 1/2% MAR 01 2013 DTD 03/03/2008 - 20000 SHS	20,931	21,407
HONEYWELL INTERNATIONAL NOTES 4 1/4% MAR 01 2013 DTD 02/29/2008 - 10000 SHS	10,372	10,695
GLAXOSMITHKLINE CAP INC 4 3/8% APR 15 2014 DTD 04/06/2004 - 10000 SHS	10,377	10,782
ALLSTATE LF GLB FN TRST MED TERM NOTES 5 3/8% APR 30 2013 - 20000 SHS	19,738	21,779
AMER EXPRESS CREDIT CO MED TERM NOTES 5 7/8% MAY 02 2013 - 15000 SHS	14,498	16,313
CANADIAN NATL RY CO NT 4.40% MAR 15 2013 DTD 03/10/2003 - 10000 SHS	10,592	10,658
ORACLE CORP 4.95% APR 15 2013 DTD 04/09/2008 - 20000 SHS	21,247	21,788
SIMON PROPERTY GROUP LP 5 3/4% DEC 01 2015 DTD 11/15/2005 - 15000 SHS	16,954	16,665
BOTTLING GROUP LLC 6.95% MAR 15 2014 DTD 10/24/2008 - 10000 SHS	11,715	11,588
BP CAPITAL MARKETS PLC 5 1/4% NOV 07 2013 DTD 11/07/2008 - 10000 SHS	10,864	10,830
DELL INC 4.7% APR 15 2013 DTD 10/15/2008 - 10000 SHS	10,698	10,735
E.I. DUPONT DE NEMOURS NOTES 5 7/8% JAN 15 2014 DTD 12/12/2008 - 1000 SHS	1,081	1,115
FREDDIE MAC NOTES 4 1/2% JAN 15 2014 DTD 1/16/2004 - 100000 SHS	98,540	109,928
MORGAN STANLEY NOTES 4 3/4% APR 1 2014 DTD 3/30/2004 - 25000 SHS	24,981	25,601
CREDIT SUISSE FB USA INC NOTES 4 7/8% JAN 15 2015 DTD 12/15/2004 - 20000 SHS	21,478	21,563
GOLDMAN SACHS GROUP INC SR NOTES 5.35% JAN 15 2016 DTD 1/17/2006 - 40000 SHS	44,124	42,976
ST PAUL TRAVELERS 5 1/2% DEC 1 2015 DTD 11/28/2005 - 15000 SHS	17,075	16,837
FREDDIE MAC SER-2931 CL DB 4% APR 15 2017 DTD 2/01/2005 - 47151.16 SHS	48,094	48,131
FNMA REMIC TRUST 5% SER 2002-73 CL OE NOV 25 2017 DTD 10/01/2002 - 65000 SHS	68,595	69,611
U S A NOTES 4 7/8% JUN 30 2012 DTD 07/02/2007 - 190000 SHS	210,804	202,550
MERRILL LYNCH & CO MED TERM NOTE 6.05% AUG 15 2012 - 10000 SHS	9,340	10,589
DIAGEO CAPITAL PLC 5.2% JAN 30 2013 DTD 10/26/2007 - 20000 SHS	21,227	21,568
AT & T INC NOTES 4.95% JAN 15 2013 DTD 12/06/2007 - 25000 SHS	25,946	26,797
SOUTHERN CALIF GAS CO 5 1/2% MAR 15 2014 DTD 11/21/2008 - 10000 SHS	10,901	11,018
AMERPRISE FINANCIAL INC 5.65% NOV 15 2015 DTD 11/23/2005 - 10000 SHS	11,466	11,082
JOHN DEERE CAP CORP MED TERM NOTE 4.50% APR 03 2013 - 20000 SHS	20,343	21,392
PRINCIPAL LIFE INC FDG MED TERM NOTE 5.3% APR 24 2013 - 20000 SHS	18,492	21,643
WYETH 5 1/2% FEB 15 2016 DTD 11/14/2005 - 20000 SHS	21,627	22,625
BHP BILLITON FIN USA LTD 5 1/8% MAR 29 2012 DTD 3/29/2007 - 20000 SHS	20,789	21,036
CATERPILLAR FINL SE MED TRM NTE 6 1/8% FEB 17 2014 - 10000 SHS	10,842	11,242
GE CAP CORP NOTES 5.9% MAY 13 2014 - 25000 SHS	24,972	27,669
BANK OF AMERICA CORP MED TERM NOTE 7 3/8% MAY 15 2014 - 30000 SHS	32,478	33,347
STATE STREET CORP SR NOTES 4.3% MAY 30 2014 DTD 05/22/2009 - 5000 SHS	4,995	5,350
PNC FUNDING CORP 5.4% JUN 10 2014 DTD 06/09/2009 - 10000 SHS	9,941	10,962
DAIMLER CHRYSLER AUTO TRUST 5.28% MAR 08 2013- 35996.33 SHS	34,916	36,874
PRAXAIR INC 5 1/4% NOV 15 2014 DTD 11/13/2007 - 10000 SHS	10,729	11,150
NUCOR CORP 5% JUN 01 2013 DTD 06/02/2008 - 10000 SHS	10,661	10,797
CAPITAL ONE PRIME AUTO REC TR 2007-2 .06% JUN 15 2014 - 42809.26 SHS	44,031	43,594
FED HOME LN MTG CORP NBR E8-2772 6.50% DUE 03/01/2016 - 5999.52 SHS	6,069	6,540
FED HOME LN MTG CORP PARTN NBR E9-9582 5.00% DUE 09/01/2018 - 81430.34 SHS	86,672	86,838
FED HOME LN MTG CORP PARTN CTFS G11020 7.00% DUE 06/01/2015 - 38347.9 SHS	40,697	41,767
FNMA CTF POOL NBR 0251729 6.50% DUE 05/01/2018 - 61074.21 SHS	65,807	66,928
FNMA CTF POOL NBR 555419 6.50% DUE 11/01/2017 - 33881.96 SHS	36,042	36,968
FNMA CTF POOL NBR 580515 5.50% DUE 04/01/2016 - 37205.4 SHS	38,996	40,071
FNMA CTF POOL NBR 634371 6.50% DUE 03/01/2017 - 34051.47 SHS	36,180	37,200
FNMA REMIC PASS THRU CTF 5.50% DUE 10/25/2017 - 48144.02 SHS	50,491	52,447
FNMA CTF POOL NBR 684130 5.50% DUE 01/01/2018 - 60621.95 SHS	64,127	65,367
FREDDIE MAE SER 2102 CL TC 6% DEC 15 2013 DTD 12/01/1998 - 28103.52 SHS	29,763	29,557
BNP PARIBAS SA 2 1/8% DEC 21 2012 DTD 12/21/2009 - 10000 SHS	10,047	10,161
FREDDIE MAC SER 2886 CL BE 4.5% NOV 15 2019 DTD 11/01/2004 - 60000 SHS	61,200	63,430
BANK OF NOVA SCOTIA 3.4% JAN 22 2015 DTD 01/22/2010 - 4000 SHS	3,995	4,152
WELLS FARGO & COMPANY SR NOTES 3 5/8% APR 15 2015 DTD 03/30/2010 - 20000 SHS	20,245	20,739
TOYOTA MOTOR CREDIT CORP MED TERM NTES 3.2% JUN 17 2015 - 10000 SHS	10,018	10,329
SHELL INTERNATIONAL FIN 3.1% JUN 28 2015 DTD 06/28/2010 - 6000 SHS	5,996	6,162
FNMA SER 2004-101 CL HD JAN 25 2020 DTD 12/01/2004 - 50000 SHS	55,000	54,084
TOTAL CAPITAL SA 2.3% MAR 15 2016 DTD 09/15/2010 - 20000 SHS	20,124	19,888
BERKSHIRE HATAWAY FIN 2.45% DEC 15 2015 DTD 12/15/2010 - 7000 SHS	6,985	6,957
FREDDIE MAC GOLD 5% DEC 01 2019 POOL NO B14477 - 63699.4 SHS	67,720	67,969
FANNIE MAE NOTES 4 5/8% OCT 15 2013 DTD 9/26/2003 - 100000 SHS	101,383	109,765
FREDDIE MAC NOTES 5% JUL 15 2014 DTD 7/16/2004 - 75000 SHS	84,151	84,063
BANK OF NY MELLON MED TERM NOTE 4.95% NOV 01 2012 - 20000 SHS	20,778	21,459
WELLS FARGO COMPANY SR NOTES 4 3/8% JAN 31 2013 01/31/2008 - 25000 SHS	24,973	26,456
ONTARIO (PROVINCE OF) 4.1% JUN 16 2014 DTD 06/16/2009 - 10000 SHS	10,071	10,802
CITIGROUP INC 6.01% JAN 15 2015 DTD 12/15/2009 - 30000 SHS	31,305	32,911
DAIMLER CHRYSLER N A HOLDING CORP 7 3/4% JAN 18 2011 - 20000 SHS	20,800	20,046
U S A NOTES 4 7/8% JUL 31 2011 DTD 7/31/2006 - 215000 SHS	233,603	220,762
BURLINGTON RESOURCES FIN 6 1/2% DEC 1 2011 DTD 6/01/2002 - 20000 SHS	21,969	21,053

- TIN:

TY 2010 InvestmentsCorpStockSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES - 125 SHS	7,237	5,989
AGREE REALTY CORP - 0 SHS	2,028	1,964
AIR PRODUCTS & CHEMICALS INC - 100 SHS	9,077	9,095
ALEXANDRIA REAL ESTATE EQUITIES INC - 0 SHS	1,836	1,832
AMERICAN CENTURY 3 INCOME FUND (FUND 123) - 19061.39 SHS	109,794	137,433
AMERICAN ELECTRIC POWER CO - 325 SHS	0	0
CMS ENERGY CORP - 525 SHS	6,442	9,765
CHUBB CORP - 225 SHS	12,099	13,419
COCA-COLA CO - 225 SHS	9,790	14,798
E I DU PONT DE NEMOURS & CO - 150 SHS	7,195	7,482
EMERSON ELECTRIC CO - 350 SHS	19,328	20,010
GAP INC - 0 SHS	8,389	8,303
GENERAL MILLS INC - 250 SHS	6,988	8,898
GENUINE PARTS CO - 225 SHS	10,225	11,552
INTEL CORP - 375 SHS	11,417	7,886
JOHNSON & JOHNSON - 275 SHS	12,970	17,009
KIMBERLY-CLARK CORP - 75 SHS	0	0
LINCARE HOLDINGS INC - 0 SHS	6,086	6,037
MATTHEWS PACIFIC TIGER FD - 4836.31 SHS	70,000	113,363
MC DONALDS CORP - 0 SHS	5,760	5,757
MCGRAW-HILL COMPANIES INC - 125 SHS	4,846	4,551
MICROSOFT CORP - 0 SHS	6,970	6,978
NATIONAL HEALTH INVESTORS INC - 0 SHS	3,399	3,377
NIKE INC B - 50 SHS	4,165	4,271
NORTHEAST UTILITIES - 475 SHS	14,108	15,143
NOVARTIS A G ADR - 300 SHS	16,643	17,685
OLD REPUBLIC INTERNATIONAL CORP - 175 SHS	2,763	2,385
P G & E CORPORATION - 250 SHS	11,053	11,960
PPG INDUSTRIES INC - 125 SHS	8,647	10,509
PFIZER INC - 1197 SHS	35,299	20,959
PROCTER & GAMBLE CO - 75 SHS	4,264	4,825
PUBLIC STORAGE - 0 SHS	2,548	2,536
RAYONIER INC - 250 SHS	0	0
SNAP-ON INC - 0 SHS	5,724	5,658
TCF FINANCIAL CORP - 500 SHS	0	0
TJX COMPANIES INC - 0 SHS	4,480	4,439
UNITED TECHNOLOGIES CORP - 275 SHS	17,278	21,648
V F CORP - 125 SHS	9,036	10,773
VULCAN MATERIALS CO - 75 SHS	0	0
M & T BANK CORP - 75 SHS	6,625	6,529
ACADIA REALTY TRUST - 0 SHS	1,828	1,824
WELLS FARGO & CO - 300 SHS	9,479	9,297
HONEYWELL INTERNATIONAL INC - 125 SHS	5,534	6,645
TEEKAY CORPORATION - 175 SHS	4,970	5,789
VERIZON COMMUNICATIONS INC - 600 SHS	24,042	21,468
XCEL ENERGY INC - 625 SHS	0	0
T ROWE PRICE GROUP INC - 0 SHS	8,026	8,068
REGENCY CENTERS CORP - 0 SHS	5,288	5,280
ISHARES RUSSELL MIDCAP INDEX FUND - 1158 SHS	66,394	117,827
CHEVRON CORP - 325 SHS	28,734	29,656
MARATHON OIL CORP - 100 SHS	4,074	3,703
3M CO - 0 SHS	8,662	8,630
YUM BRANDS INC - 100 SHS	5,136	4,905
J M SMUCKER CO - 0 SHS	6,575	6,565
ARBITRAGE FUNDS - I CL I - 12404.54 SHS	161,688	158,654
VANGUARD MSCI EMERGING MARKETS ETF - 1882 SHS	80,023	90,611
AT&T INC - 450 SHS	17,425	13,221
MANNING & NAPIER FUND INC WORLD OPPORTUNITIES SERIES FUND - 6325.8 SHS	35,338	54,465
IVY GLOBAL NATURAL RESOURCE-I - 2612.97 SHS	28,455	57,564
BANK OF NEW YORK MELLON CORP - 400 SHS	19,453	12,080
MORGAN STANLEY ARN SPX 1/13/11 - 50000 SHS	49,000	46,758
PHILIP MORRIS INTERNATIONAL - 300 SHS	8,445	17,559
GATEWAY FUND - Y - 3110.94 SHS	80,604	81,071
FRONTIER COMMUNICATIONS CORPORATION - 144 SHS	1,621	1,401
LORILLARD INC - 375 SHS	4,105	4,103
DEUTSCHE BK ARN SPX 7/18/11 - 50000 SHS	49,000	52,745
HSBC 18M SPX MKT PLS NOTE 02/10/11 - 75000 SHS	74,250	92,453
MERCK AND CO INC - 550 SHS	31,484	19,822
JPM RESEARCH MARKET NEUTRAL FD - SEL FUND - SEL - 10440.53 SHS	163,121	161,202
ABERDEEN ASIA PACIFIC EX JAPAN 3 INSTITUTIONAL FUND - 17908.14 SHS	168,360	221,524
HSBC SPX BREN 01/14/11 - 70000 SHS	69,300	79,842
HSBC EAFE BREN 02/17/11 - 40000 SHS	39,600	40,328
CS SPX NOTE 05/02/11 - 75000 SHS	74,400	79,590
GS EAFE NOTE 04/25/11 - 80000 SHS	79,016	78,222
CS COMMODITY CPN 5/19/11 KNOCK-OUT NOTES - 80000 SHS	79,200	88,000
BARC BREN ASIA BASKET 08/05/11 10%BUFFER - 77000 SHS	76,230	86,617
GS BREN SPX 08/05/11 - 78000 SHS	77,220	87,622
CS BREN EAFE 08/16/11 10%BUFFE - 78000 SHS	77,220	82,758
HSBC GOLD CPN NOTE 10/21/11 5%CPN - 40000 SHS	39,600	40,620
CS BREN EAFE 11/9/11 10%BUFFER - 80000 SHS	79,200	78,536
GS BREN MID 12/02/11 10%BUFFER - 85000 SHS	84,150	87,845
DB BREN ASIA BASKET 01/06/12 10%BUFFER - 85000 SHS	84,150	85,606
BLACKROCK INC - 0 SHS	4,702	4,765
EXXON MOBIL CORP - 450 SHS	14,564	32,904
METLIFE INC - 0 SHS	6,669	6,666
KRAFT FOODS INC CLASS A - 200 SHS	0	0
REGAL ENTERTAINMENT GROUP CL A - 300 SHS	5,614	3,522
CONOCOPHILLIPS - 350 SHS	25,495	23,835
SEASPAN CORPORATION SHS - 600 SHS	15,339	7,452
ONEBEACON INSURANCE GROUP LTD - 225 SHS	4,798	3,411
THE TRAVELERS COMPANIES INC. - 125 SHS	5,879	6,964
PEOPLE'S UNITED FINANCIAL INC - 375 SHS	6,292	5,254
AMERICAN WATER WORKS CO INC - 200 SHS	4,008	5,058

- TIN:

TY 2010 OtherAssetsSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SUNDRY	2	2	0

- TIN:

TY 2010 OtherDecreasesSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Description	Amount
MUTUAL FUND TIMING / FACTORING ADJUSTMENT	2,936
ADJUSTMENTS TO CARRYING VALUE / TAX COST	3,828

- TIN:

TY 2010 OtherExpensesSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADR DEPOSITORY FEE	1	0		0

- TIN:

TY 2010 OtherIncreasesSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Description	Amount
NONDIVIDEND DISTRIBUTIONS / RETURN OF CAPITAL	1,664

- TIN:

TY 2010 TaxesSchedule

Name:

AJ & MD RUGGIERO MEMORIAL TRUST

R80294003 / 0499218830

EIN: 86-6240840

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID AT SOURCE	460	460		0