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
R L & A C DELL CHARITABLE TRUST 050013716000
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 64713 TRUST TAX SERVICES   Room/suite
City or town, state, and ZIP code
ST PAUL, MN551640713
A Employer identification number

41-6046675
B Telephone number (see page 10 of the instructions)

(612) 303-3208
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$4,167,056J 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 5 5  
4 Dividends and interest from securities...... 92,986 92,986  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 103,962
b Gross sales price for all assets on line 6a 992,988
7 Capital gain net income (from Part IV, line 2)... 103,962
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 2,008 1,034  
12 Total. Add lines 1 through 11........ 198,961 197,987  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,431 22,794   22,637
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 2,000 1,000 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 7,596 2,095   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 741 0 0 741
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 134 32   103
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,902 25,921 0 24,481
25 Contributions, gifts, grants paid........ 148,238 148,238
26 Total expenses and disbursements. Add lines 24 and 25 204,140 25,921 0 172,719
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,179
b Net investment income (if negative, enter -0-) 172,066
c Adjusted net income (if negative, enter -0-)... 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.......... 28,731 22,347 22,347
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 50,947 Click to see attachment202,212 208,005
b Investments—corporate stock (attach schedule)........ 567,787 Click to see attachment3,121,556 3,506,746
c Investments—corporate bonds (attach schedule)........ 51,577 Click to see attachment412,582 429,712
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment303 Click to see attachment246 Click to see attachment246
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 699,345 3,758,943 4,167,056
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 295,897 3,360,743
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 403,448 398,200
30 Total net assets or fund balances (see page 17 of the
instructions).................... 699,345 3,758,943
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 699,345 3,758,943
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)............... 1 699,345
2 Enter amount from Part I, line 27a...................... 2 -5,179
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,064,846
4 Add lines 1, 2, and 3.......................... 4 3,759,012
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 69
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,758,943
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 45. AOL INC   2005-11-07 2010-07-13
b 25. AMGEN INC   2009-10-26 2010-10-29
c 300. APACHE CORP   2006-06-09 2010-10-29
d 1400. BP PLC SPONS A D R   1969-08-22 2010-06-29
e 150. BRISTOL MYERS SQUIBB CO   2009-10-26 2010-10-29
400. CATERPILLAR INC   2007-04-20 2010-10-29
250. CISCO SYS INC   2007-04-20 2010-10-29
700. COMCAST CORP CL A   2007-04-20 2010-07-13
1560. DUKE ENERGY CORP   2004-01-08 2010-10-29
100. EXXON MOBIL CORP   1965-08-04 2010-10-29
50000. F N M A M T N 4.750% 12/15/10   2008-06-04 2010-12-15
6981.383 NUVEEN SMALL CAP SELECT FD CL Y   2002-04-04 2010-10-29
.0795 FRONTIER COMMUNICATIONS CORP   2005-04-01 2010-07-13
480. FRONTIER COMMUNICATIONS CORP   2006-06-09 2010-07-29
1450. GENERAL ELECTRIC CO   1969-08-22 2010-10-29
50000. GOLDMAN SACHS GROUP 5.500% 11/15/14   2005-03-24 2010-10-29
1500. INTEL CORP   2006-06-09 2010-10-29
1575. I SHARES MSCI EAFE INDEX FUND E T F   2010-10-29 2010-12-03
500. ISHARES DJ US REAL ESTATE E T F   2010-07-13 2010-10-29
260. ISHARES S&P SMALLCAP 600 INDEX E T F   2009-10-26 2010-10-29
200. J P MORGAN CHASE CO   2000-04-13 2010-10-29
100. JOHNSON JOHNSON   1980-10-21 2010-10-29
700. JOHNSON CONTROLS INC   2009-10-27 2010-10-29
450. MERCK AND CO INC NEW   2006-06-09 2010-10-29
1850. MICROSOFT CORP   2000-10-11 2010-07-13
800. MICROSOFT CORP   2000-10-11 2010-10-29
300. NORFOLK SOUTHN CORP   2007-04-20 2010-10-29
1000. P G E CORP   2006-06-09 2010-10-29
477. PFIZER INC   2009-10-15 2010-07-13
1000. PFIZER INC   1992-11-17 2010-07-13
560. MIDCAP SPDR TRUST SERIES I E T F   2009-10-26 2010-10-29
1000. MATERIALS SELECT SECTOR S P D R   2008-12-29 2010-10-29
500. TIME WARNER INC   2005-11-07 2010-07-13
125. TIME WARNER CABLE INC   2005-11-07 2010-07-13
50000. U S TREASURY NT 4.250% 11/15/13   2005-02-28 2010-10-29
1000. VERIZON COMMUNICATIONS INC   2005-04-01 2010-07-13
500. WALGREEN CO   2006-12-07 2010-07-13
24. VARIOUS MINERAL INTEREST(S)   2000-05-09 2010-08-19
(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 947   1,741 -794
b 1,431   1,362 69
c 30,108   18,651 11,457
d 37,869   3,246 34,623
e 4,009   3,301 708
31,357   28,623 2,734
5,743   6,748 -1,005
13,196   19,467 -6,271
28,298   22,358 5,940
6,617   266 6,351
50,000   51,899 -1,899
88,873   105,000 -16,127
1   1  
3,701   3,937 -236
23,202   1,353 21,849
55,255   50,219 5,036
30,569   15,705 14,864
89,600   89,712 -112
27,450   24,850 2,600
16,034   13,520 2,514
7,492   10,644 -3,152
6,330   164 6,166
24,563   17,492 7,071
16,258   15,318 940
46,175   59,144 -12,969
21,354   22,400 -1,046
18,378   16,821 1,557
47,572   40,712 6,860
7,155   8,355 -1,200
15,000   6,448 8,552
84,230   70,693 13,537
34,560   21,580 12,980
15,271   25,186 -9,915
7,034   8,827 -1,793
55,668   49,930 5,738
26,853   31,624 -4,771
14,301   21,705 -7,404
    24 -24
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       -794
b       69
c       11,457
d       34,623
e       708
      2,734
      -1,005
      -6,271
      5,940
      6,351
      -1,899
      -16,127
       
      -236
      21,849
      5,036
      14,864
      -112
      2,600
      2,514
      -3,152
      6,166
      7,071
      940
      -12,969
      -1,046
      1,557
      6,860
      -1,200
      8,552
      13,537
      12,980
      -9,915
      -1,793
      5,738
      -4,771
      -7,404
      -24
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 2 103,962
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 19,644 3,771,740 0.005208
2008 207,679 3,504,896 0.059254
2007 256,734 4,726,048 0.054323
2006 219,449 4,941,230 0.044412
2005 177,660 4,677,756 0.03798
2 Total of line 1, column (d) ...................... 2 0.201177
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 0.040235
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,838,169
5 Multiply line 4 by line 3....................... 5 154,430
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,721
7 Add lines 5 and 6......................... 7 156,151
8 Enter qualifying distributions from Part XII, line 4.............. 8 172,719
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 1,721
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 1,721
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 1,721
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,032
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,032
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 12
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 701
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)bulletMN
    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 addressbullet  
    14
    The books are in care ofbulletUS BANK NATIONAL ASSOCIATION Telephone no.bullet (612) 303-3208
    Located atbulletP O BOX 64713 TRUST TAX SERVICESST PAULMN ZIP+4bullet55164
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    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
    GERALD S RUFER CO-TRUSTEE
    1     		7,528    
    LAW OFFICE BUILDING
    FERGUS FALLS,MN56537
    STEPHEN F RUFER CO-TRUSTEE
    1     		7,528    
    LAW OFFICE BUILDING
    FERGUS FALLS,MN56537
    RICHARD C HEFTE CO-TRUSTEE
    1     		7,528    
    LAW OFFICE BUILDING
    FERGUS FALLS,MN56537
    US BANK NATIONAL ASSOCIATION CORPORATE TRUSTEE
    1     		22,847    
    101 5TH STREET E
    ST PAUL,MN551640713
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,850,942
    b
    Average of monthly cash balances.......................
    1b
    45,379
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    297
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,896,618
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    3,896,618
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    58,449
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,838,169
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    191,908
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    191,908
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,721
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,721
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    190,187
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    190,187
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    190,187
    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
    172,719
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    172,719
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    1,721
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    170,998
    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 7 190,187
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 21,830
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 0
    b From 2006....... 0
    c From 2007....... 0
    d From 2008....... 0
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 172,719
    a Applied to 2009, but not more than line 2a 21,830
    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..... 150,889
    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 ..........     		39,298
    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.... 0
    b Excess from 2007.... 0
    c Excess from 2008.... 0
    d Excess from 2009.... 0
    e Excess from 2010.... 0
    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:
    RICHARD C HEFTE AT US BANK
    101 EAST FIFTH STREET
    ST PAUL,MN55101
    (612) 303-3208
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD BE SUBMITTED IN WRITTEN FORM OUTLINING THE NATURE OF THE REQUEST
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE TRUST HAS LIMITED THE GEOGRAPHIC AREA OF ITS' PROGRAM MAINLY TO FERGUS FALLS MN AND THE SURROUNDING AREA
    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
    544 EDUCATION FOUNDATION FBO
    COMMUNICATIONS/MARKETING DIRECTOR
    518 FRIBERG AVE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING EXPENSES 2,500
    LAKE REGION HOSPITAL FOUNDATION
    P O BOX 728 712 CASCADE STREET S
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING EXPENSE 5,000
    FERGUS AREA COLLEGE FOUNDATION
    1414 COLLEGE WAY
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING EXPENSE 7,500
    ALEXANDRIA AREA YMCA
    901 STATE HWY 29 N 206
    ALEXANDRIA,MN56308     		NONE N/A GENERAL OPERATING EXPENSE 8,500
    CHRISTIAN CHILDRENS FUND INC
    2821 EMERYWOOD PARKWAY
    RICHMOND,VA23294     		NONE N/A CCF ADOPTION PLAN 288
    MINN-KOTA RED CROSS
    2602 12TH ST N
    FARGO,ND58102     		NONE N/A GENERAL OPERATING FUNDS 750
    UNIVERSITY OF WISCONSIN-LACROSSE
    121 GRAFF MAIN HALL
    LACROSSE,WI54602     		NONE N/A SCHOLARSHIP AWARD 5,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVE
    NEW YORK,NY10017     		NONE N/A GENERAL OPERATING FUNDS 2,000
    CITY OF FERGUS FALLS
    112 WEST WASHINGTON AVE
    FERGUS FALLS,MN56537     		NONE N/A SISTER CITY EVENT 2,000
    UNIVERSITY OF MINNESOTA MEDICAL FDN
    200 OAK STREET SE
    MINNEAPOLIS,MN55455     		NONE N/A SCHOLARSHIP AWARD 5,000
    OPERATION BOOTSTRAP AFRICA
    122 WEST FRANKLIN AVE SUITE 306
    MINNEAPOLIS,MN55404     		NONE N/A GENERAL OPERATING FUNDS 3,000
    UNIVERSITY OF MINNESOTA LAW SCHOOL
    254 FRASIER HALL
    MINNEAPOLIS,MN55455     		NONE N/A SCHOLARSHIP AWARD 5,000
    FERGUS FALLS FLYERS
    544 EDUCATION FOUNDATION
    P O BOX 30
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING FUNDS 2,500
    A CENTER FOR THE ARTS
    124 WEST LINCOLN AVE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING FUNDS 10,000
    PIONEER HOME FOUNDATION
    1006 SOUTH SHERIDAN STREET
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING FUNDS 15,000
    OTTER TAIL COUNTY HISTORICAL
    SOCIETY
    1110 LINCOLN AVE W
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING FUNDS 15,000
    FERGUS FALLS AREA DOLLARS
    FOR SCHOLARS
    1519 PEBBLE LAKE ROAD
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING FUNDS 1,000
    BOY SCOUTS
    5100 CENTENNIAL DRIVE
    ALEXANDRIA,MN56308     		NONE N/A GENERAL OPERATING FUNDS 1,000
    SHOVER NURSEY SCHOOL
    522 SPRUCE STREET
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 500
    PIONEER PUBLIC TELEVISION
    120 W SCHLIEMAN AVE
    APPLETON,MN56208     		NONE N/A GENERAL OPERATING SUPPORT 2,000
    PERHAM HOSPITAL
    1000 WESTERN AVE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 5,000
    KADDATZ GALLERIES
    111 WEST LINCOLN AVE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 15,000
    FRIENDS SCHOOL OF MINNESOTA
    1365 ENGLEWOOD AVE
    ST PAUL,MN55104     		NONE N/A GENERAL OPERATING SUPPORT 3,000
    HABITAT FOR HUMANITY
    1500 SOUTH CASCADE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 2,000
    OAK GROVE CEMETERY
    1509 EAST MOUNT FAITH AVE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 500
    FRIENDS OF THE PRAIRIE WETLANDS
    602 HIGHWAY 210 BYP SE
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 3,000
    MACALESTER COLLEGE
    1600 GRAD AVENUE
    ST PAUL,MN55105     		NONE N/A SCHOLARSHIP SUPPORT 2,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE N/A SCHOLARSHIP SUPPORT 2,000
    FERGUS FALLS CANCER CENTER
    LAKE REGION HEALTHCARE CORP
    712 CASCADE STREET
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 20,000
    OTTER TAIL COUNTY PUBLIC HEALTH
    560 FIR AVE W
    FERGUS FALLS,MN56537     		NONE N/A GENERAL OPERATING SUPPORT 1,200
    NON-VIOLENT PEACE FORCE
    425 OAK GROE STREET
    MINNEAPOLIS,MN55403     		NONE N/A GENERAL OPERATING SUPPORT 1,000
    Total .................................bullet 3a 148,238
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 5  
    4 Dividends and interest from securities....     14 92,985  
    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     18 103,962  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aVARIOUS MINERAL IN     14 22  
    bVARIOUS MINERAL IN     14 35  
    cNET SETTLEMENT FRO     14 978  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   198,961  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13198,961
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,000 1,000   1,000

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GENERAL ELEC CAP CORP 4.375 48,545 51,622
    SOUTHERN CO SR NT 5.300 51,577 52,289
    DOVER CORP 4.875 105,630 109,538
    CISCO SYS INC 5.500 105,166 114,111
    TOTAL CAPITAL SA 4.450 51,664 51,827
    PIMCO TOTAL RETURN FUND 50,000 50,325

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLSTATE CORP 21,255 12,752
    AMGEN INC 8,172 8,235
    APACHE CORP 40,595 83,461
    APPLE INC 19,730 32,256
    B M C SOFTWARE INC 12,035 15,321
    BANK OF AMERICA CORP 110,129 32,016
    BEST BUY CO INC 15,783 13,716
    BOEING CO 45,042 32,630
    BRISTOL MYERS SQUIBB CO 6,601 7,944
    BROADCOM CORP CL A 12,890 15,243
    CATERPILLAR INC 28,623 37,464
    CERNER CORPORATION 12,232 14,211
    CITIGROUP INC 73,534 7,568
    COSTCO WHSL CORP 26,965 36,105
    DIRECTV CL A 9,916 10,781
    EXELON CORPORATION 17,211 12,492
    EXPRESS SCRIPTS INC 12,062 13,513
    EXXON MOBIL CORP 2,557 87,744
    FREEPORT MCMORAN COPPER GOLD 17,453 30,023
    F5 NETWORKS INC 11,431 19,524
    GENERAL ELECTRIC CO 2,108 43,896
    GENERAL MILLS INC 9,759 10,677
    GILEAD SCIENCES INC 23,355 16,308
    GOLDMAN SACHS GROUP INC 17,860 16,816
    HEWLETT PACKARD CO 24,040 33,680
    ILLINOIS TOOL WORKS 28,458 32,040
    INTEL CORP 7,125 21,030
    J P MORGAN CHASE CO 51,133 46,662
    JOHNSON & JOHNSON 822 30,925
    MCDONALDS CORP 8,893 11,514
    MEDTRONIC INC 25,986 25,963
    MERCK AND CO INC NEW 15,318 16,218
    MICROCHIP TECHNOLOGY INC 11,139 12,829
    MICROSOFT CORP 25,463 27,910
    NIKE INC 9,908 11,959
    NORFOLK SOUTHN CORP 22,428 25,128
    OCCIDENTAL PETROLEUM CORP 35,702 44,145
    PG&E CORP 16,285 19,136
    PANERA BREAD COMPANY CL A 10,072 13,157
    PEPSICO INC 38,478 45,731
    PFIZER INC 17,515 17,510
    PROCTER & GAMBLE CO 27,122 51,464
    QUALCOMM INC 22,312 29,694
    SUNTRUST BANKS INC 12,065 13,575
    TARGET CORPORATION 1,884 30,065
    VERIZON COMMUNICATIONS INC 28,469 35,780
    WELLS FARGO CO 11,957 13,326
    3M CO 2,454 43,150
    FIRST AMERN MID CAP INDEX FD 384,000 480,033
    FIRST AMERN REAL ESTATE SECS F 204,000 208,822
    FIRST AMERN SMALL CAP INDEX FD 209,000 241,653
    ISHARES MSCI EAFE INDEX FD ETF 724,154 657,886
    IPATH DOW JONES UBS COMMODITY 169,321 203,848
    IPATH GSCI TOTAL RETURN 102,696 112,959
    ISHARES MSCI EMERGING MKTS ETF 316,059 338,258
    AOL INC    
    COMCAST CORP    
    CISCO SYS INC    
    TIME WARNER CABLE INC    
    TIME WARNER INC    
    WALGREEN CO    
    B P PLC SPONS ADR    
    FIRST AMER SMALL CAP SELECT FD    
    ISHARES S&P SMALL CAP 600 INDX    
    MIDCAP SPDR TRUST SER I    
    BARCLAYS IPATH DJ AIG COMMODTY    

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    US Government Securities - End of Year Book Value:

    202,212
    US Government Securities - End of Year Fair Market Value:

    208,005
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 OtherAssetsSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    VARIOUS MINERAL INTERESTS 12 0 0
    ACCRUED INCOME 291 246 246


    TY 2010 OtherDecreasesSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Description Amount
    BALANCE ADJUSTMENT 69


    TY 2010 OtherExpensesSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 75 0   75
    NET ROYALTY EXPENSES 4 4   0
    COURT ADMINSITRATION FEE 55 28   28


    TY 2010 OtherIncomeSchedule2
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GROSS ROYALTY INCOME 56 56  
    CLASS ACTION PROCEEDS 978 978  
    EXCISE TAX REFUND 974 0  


    TY 2010 OtherIncreasesSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Description Amount
    DELL FOUNDATION II COMBINED WITH THIS FOUNDATION. 3,064,846
    DETAILS DISCLOSED ON 2009 FORM 990-PF 0


    TY 2010 TaxesSchedule
    Name:
    R L & A C DELL CHARITABLE TRUST 050013716000
    EIN: 41-6046675
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 4,469 0   0
    FEDERAL TAX 1,032 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,063 2,063   0
    FOREIGN TAXES ON NONQUALIFIED 32 32   0