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
GABUS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O WELLS FARGO BANK 666 WALNUT ST   Room/suite
City or town, state, and ZIP code
DES MOINES, IA50309
A Employer identification number

42-1448004
B Telephone number (see page 10 of the instructions)

(515) 245-3003
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,755,535J 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) 238,184
2 Check bullet
3 Interest on savings and temporary cash investments 46,997 46,997  
4 Dividends and interest from securities...... 52,158 52,158  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 32,777
b Gross sales price for all assets on line 6a 602,867
7 Capital gain net income (from Part IV, line 2)... 32,777
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 285    
12 Total. Add lines 1 through 11........ 370,401 131,932  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,400 2,400    
c Other professional fees (attach schedule).... Click to see attachment 23,262 23,262    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 3,138 1,601    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 102 102    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,902 27,365   0
25 Contributions, gifts, grants paid........ 191,414 191,414
26 Total expenses and disbursements. Add lines 24 and 25 220,316 27,365   191,414
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 150,085
b Net investment income (if negative, enter -0-) 104,567
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 99,013 142,106 142,106
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 50,000    
b Investments—corporate stock (attach schedule)........ 1,080,551 Click to see attachment1,051,965 1,443,231
c Investments—corporate bonds (attach schedule)........ 921,998 Click to see attachment905,423 939,966
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 902,332 Click to see attachment1,104,416 1,230,232
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,053,894 3,203,910 3,755,535
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.................... 2,996,819 3,165,097
25 Temporarily restricted................ 57,075 38,813
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,053,894 3,203,910
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,053,894 3,203,910
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,053,894
2 Enter amount from Part I, line 27a...................... 2 150,085
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,203,979
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 3,203,910
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 2,361.28 SH ADV ULTR SHORT INCOME P 2009-11-20 2010-02-23
b 210.9 SH T ROWE PRICE SMALL CAP P 1999-12-16 2010-03-23
c 500 SH HARSCO CORP P 2006-10-24 2010-10-04
d .11 SH MACERICH CO COM P 2010-03-22 2010-03-24
e 26.56 SH T ROWE PRICE SMALL CAP P 1999-12-16 2010-03-23
100 SH MEDTRONIC INC P 2006-05-12 2010-10-04
.07 SH MACERICH CO COM P 2010-03-22 2010-03-24
162.19 SH T ROWE PRICE SMALL CAP P 1998-12-17 2010-03-23
200 SH MEDTRONIC INC P 1999-09-10 2010-10-04
25,000 SH BP CAPITAL MARKETS P 2009-07-14 2010-05-14
264 SH PB PLC P 1997-04-25 2010-05-03
10 SH MEDTRONIC INC P 2000-02-09 2010-10-04
4,218.35 SH WF ADV ULTR SHORT TERM P 2009-11-20 2010-06-21
100,000 SH NATIONSBANK P 2002-01-15 2010-05-15
400 SH PETROLEO BRASILEIRO P 2008-09-18 2010-11-11
394 SH PFIZER INC P 2009-10-16 2010-07-14
1,000 SH HALLIBURTON CO P 2003-09-05 2010-06-01
50,000 SH SBC COMMUNICATIONS P 2007-10-01 2010-11-15
750 SH NUVASIVE INC P 2010-10-14 2010-10-29
400 SH HALLIBURTON CO P 2004-04-29 2010-06-01
300 SH GENZYME CORP P 2008-06-13 2010-12-10
400 SH BURLINGTON NORTHERN P 2004-03-22 2010-02-12
.9 SH EXXON MOBIL P 2009-04-17 2010-07-02
50 SH GENZYME CORP P 2009-04-08 2010-12-10
.33 SH BERSHIRE HATHAWAY P 2004-03-22 2010-02-18
300 SH PFIZER INC P 2008-11-18 2010-07-14
50,000 SH FED HOME LOAN P 2009-02-10 2010-02-18
200 SH PFIZER INC P 2003-02-18 2010-07-14
600 SH SYSCO CORP P 1998-09-22 2010-03-16
100 SH PFIZER INC P 2004-04-29 2010-07-14
31.59 SH T ROWE PRICE SMALL CAP P 2000-12-14 2010-03-23
600 SH QUEST DIAGNOSTICS P 2003-09-19 2010-07-23
667.65 SH T ROWE PRICE SMALL CAP P 1998-11-20 2010-03-23
560 SH INGERSOLL RAND P 2004-08-20 2010-07-27
265.32 SH T ROWE PRICE SMALL CAP P 2000-12-14 2010-03-23
50,000 SH MERRILL LYNCH P 2007-09-28 2010-08-04
33.79 SH T ROWE PRICE SMALL CAP P 1998-12-17 2010-03-23
100 SH MEDTRONIC INC P 2006-08-21 2010-10-04
(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 20,000   19,764 236
b 6,789   3,585 3,204
c 11,918   20,266 -8,348
d 4   4  
e 855   451 404
3,309   4,880 -1,571
3   3  
5,221   2,952 2,269
6,618   7,999 -1,381
25,579   25,926 -347
13,482   8,197 5,285
3,309   4,946 -1,637
35,772   35,308 464
100,000   103,373 -3,373
14,000   16,110 -2,110
5,824   6,901 -1,077
21,971   12,183 9,788
50,000   50,546 -546
19,882   25,740 -5,858
8,788   6,214 2,574
20,935   20,406 529
15,228   12,128 3,100
50   44 6
3,489   2,781 708
24   8 16
4,434   4,754 -320
50,000   50,000  
2,956   5,894 -2,938
17,234   7,093 10,141
1,478   3,585 -2,107
1,017   579 438
26,667   18,843 7,824
21,492   13,179 8,313
21,303   15,712 5,591
8,541   4,861 3,680
50,000   49,751 249
1,088   615 473
3,309   4,509 -1,200
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       236
b       3,204
c       -8,348
d        
e       404
      -1,571
       
      2,269
      -1,381
      -347
      5,285
      -1,637
      464
      -3,373
      -2,110
      -1,077
      9,788
      -546
      -5,858
      2,574
      529
      3,100
      6
      708
      16
      -320
       
      -2,938
      10,141
      -2,107
      438
      7,824
      8,313
      5,591
      3,680
      249
      473
      -1,200
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 32,777
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 -6,582
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 178,119 2,963,874 0.060097
2008 190,000 3,324,658 0.057149
2007 232,344 3,549,031 0.065467
2006 140,000 3,163,424 0.044256
2005 150,000 2,739,134 0.054762
2 Total of line 1, column (d) ...................... 2 0.281731
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 0.056346
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,426,957
5 Multiply line 4 by line 3....................... 5 193,095
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,046
7 Add lines 5 and 6......................... 7 194,141
8 Enter qualifying distributions from Part XII, line 4.............. 8 191,414
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 2,091
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 2,091
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,091
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,470
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 1,470
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 621
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 taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO BANK Telephone no.bullet (515) 245-3003
    Located atbullet666 WALNUT ST MAC N8200-030DES MOINESIA ZIP+4bullet50309
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    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
     
     
    .........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
    GENE GABUSClick to see attachment PRES & SECRE
    1.00     		0 0 0
    32400 WILDWOOD DRIVE
    DES MOINES,IA50003
    JAN GABUSClick to see attachment VICE PRES.
    1.00     		0 0 0
    1913 NEWELL ROAD
    PALO ALTO,CA94303
    PATRICIA PETERSONClick to see attachment VICE PRES.
    1.00     		0 0 0
    20255 COLLEGE BLVD
    OLATHE,KS66061
    JIM CHRISTENSENClick to see attachment TREASURER
    1.00     		0 0 0
    4545 MERLE HAY ROAD
    DES MOINES,IA50310
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,248,235
    b
    Average of monthly cash balances.......................
    1b
    230,909
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,479,144
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    3,479,144
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    52,187
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,426,957
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    171,348
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    171,348
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,091
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,091
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    169,257
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    169,257
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    169,257
    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
    191,414
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    191,414
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    191,414
    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 7 169,257
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 14,857
    b From 2006.......  
    c From 2007....... 59,710
    d From 2008....... 25,150
    e From 2009....... 31,392
    fTotal of lines 3a through e......... 131,109
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 191,414
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 169,257
    e Remaining amount distributed out of corpus 22,157
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 153,266
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		14,857
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		138,409
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007.... 59,710
    c Excess from 2008.... 25,150
    d Excess from 2009.... 31,392
    e Excess from 2010.... 22,157
    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).)
    GENE GABUS
    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:
    NA
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    THE ROTARY FOUNDATION
    14280 COLLECTIONS CENTER
    CHICAGO,IL60693     		    GENERAL PURPOSE 35,820
    URBANDALE TREE PARK
    PO BOX 3773
    URBANDALE,IA50323     		    GENERAL PURPOSE 88,315
    ORCHARD PLACE
    2116 GRAND AVENUE
    DES MOINES,IA50312     		    GENERAL PURPOSE 18,279
    YMCA OF GREATER DES MOINE
    101 LOCUST STREET
    DES MOINES,IA50309     		    GENERAL PURPOSE 40,000
    COMMUNITY FOUNDATION
    1915 GRAND AVENUE
    DES MOINES,IA50309     		    GENERAL PURPOSE 9,000
    Total .................................bullet 3a 191,414
    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 46,997  
    4 Dividends and interest from securities....     14 52,158  
    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     14 298 32,479
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCLASS ACTION SETTLEMENT     14 285  
    bTHE KARCO GROUP     14 19,340  
    c1099 ISSUED IN ERROR     14 -19,340  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   99,738 32,479
    13Total. Add line 12, columns (b), (d), and (e)...................
    13132,217
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    GABUS FOUNDATION
     
    Employer identification number

    42-1448004
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

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

    42-1448004
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    GENE GABUS    
    32400 WILDWOOD DRIVE
       
    ADEL, IA   50003

    		$238,184




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

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

    42-1448004
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

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

    42-1448004
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WOODWARD & ASSOCIATES 2,400 2,400    
    PREPARATION OF 990-PF        

    TY 2010 CompensationExplanation
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Person Name Explanation
    GENE GABUS  
    JAN GABUS  
    PATRICIA PETERSON  
    JIM CHRISTENSEN  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BB&T 26,249 25,804
    BERKSHIRE HATHAWAY 51,220 52,650
    BP CAPITAL    
    CATERPILLAR FINANCIAL 49,940 56,212
    CITIGROUP MED TERM NOTE 24,749 26,545
    COSTCO WHOLESALE CORP 50,565 52,602
    EMERSON ELECTRIC 54,107 53,822
    GENERAL ELECTRIC CAP CORP 50,865 54,870
    GOLDMAN SACHS GROUP 51,019 54,111
    GOLDMAN SACHS GROUP 51,018 53,368
    HEWLETT PACKAGRD CO 25,283 25,216
    HSBC HLDGS 50,386 53,174
    JP MORGAN CHASE 27,047 26,825
    KIMBERLY-CLARK CORP 49,631 54,666
    MERCK & CO 25,261 25,199
    MERRILL LYNCH & CO    
    NOVARTIS 51,770 51,364
    NATIONS BANK CORP    
    ORACLE 53,848 53,144
    PFIZER INC 34,956 39,346
    SBC COMMUNICATIONS    
    SHELL INTERNATIONAL 24,993 26,602
    STATOILHYDRO 25,686 26,561
    TARGET CORPORATION 25,224 26,700
    TOYOTA MTR CORP 51,314 50,973
    WAL-MART STORES 50,292 50,212

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS - 400 SH 17,303 19,164
    ACCENTURE LTD - 600 SH 18,134 29,094
    AFLAC INC - 600 SH 18,267 33,858
    AMEX FINANCIAL SELECT - 1000 SH 16,556 15,950
    AVALONBAY CMNTYS - 257 SH 17,253 28,925
    BP PLC ADR - 264 SH    
    BAKER HUGHES - 500 SH 23,196 28,585
    BERKSHIRE HATHAWAY INC - 496 SH 12,120 39,735
    BURLINGTON NORTHERN - 400 SH    
    CARNIVAL CORP - 400 SH 15,944 18,444
    CATERPILLAR INC - 250 SH 17,233 23,415
    CISCO SYSTEMS - 1100 SH 20,559 22,253
    COCA COLA CO - 660 SH 31,506 43,408
    COMCAST CORP - 1050 SH 21,427 23,068
    CONOCOPHILLIPS - 514 SH 16,073 35,003
    COOPER INDUSTRIES - 350 SH 16,055 20,402
    CVS CORP - 1000 SH 17,310 34,770
    DEERE & CO - 400 SH 19,350 33,220
    DIAGEO PLC - 250 SH 11,747 18,582
    EXXON MOBIL CORP - 550 SH 35,346 66,100
    FMC TECHNOLOGIES - 250 SH 18,225 22,227
    FISERV INC - 400 SH 14,142 23,424
    GENERAL ELECTRIC COMPANY - 1800 SH 41,572 32,922
    GENZYME CORP - 350 SH    
    GOOGLE INC - 40 SH 13,670 23,759
    HALLIBURTON CO - 1400 SH    
    HARSCO CORP - 500 SH    
    HEALTH CARE PPTYS INVS - 400 SH 10,631 14,716
    HEWLETT PACKARD - 600 SH 26,957 25,260
    INGERSOLL-RAND COMPANY - 560 SH    
    INTEL CORP - 1200 SH 28,243 25,236
    IBM - 200 SH 16,222 29,352
    IRON MOUNTAIN INC - 750 SH 18,900 18,758
    JOHNSON & JOHNSON - 400 SH 19,540 24,740
    JPMORGAN CHASE & CO - 500 SH 17,470 21,210
    KRAFT FOODS - 700 SH 19,110 22,057
    L3 COMMUNICATIONS - 250 SH 19,031 17,623
    MACERICH CO - 160 SH 8,197 7,579
    MCCONALDS - 350 SH 19,008 26,866
    MEDTRONIC INC - 500 SH    
    MICROSOFT CORP - 1000 SH 27,569 27,910
    MONSANTO CO - 250 SH 19,532 17,410
    NESTLE - 500 SH 17,130 29,410
    NOVARTIS - 500 SH 26,907 29,475
    ORACLE CORPORATION - 1500 SH 17,460 46,950
    PEPSICO INC - 550 SH 20,643 35,932
    PETROLEO BRASILEIRO - 400 SH    
    PFIZER INC - 994 SH    
    PROCTOR & GAMBLE COMPANY - 450 SH 16,172 28,948
    PRECISION CAST PARTS CORP - 300 SH 18,995 41,763
    QUEST DIAGNOSTICS - 600 SH    
    REGENCY CENTERS CORP - 250 SH 14,147 10,560
    SCHLUMBERGER LTD - 400 SH 19,356 33,400
    SYSCO CORP - 600 SH    
    TARGET CORP - 500 SH 19,432 30,065
    TEVA PAHRMACEUTICAL - 300 SH 16,590 15,639
    THERMO FISHER SCIENTIFIC - 525 SH 21,975 29,064
    THE ST PAUL TRAVELER COS - 400 SH 14,072 22,284
    UNION PACIFIC CORP - 200 SH 14,510 18,532
    UNITED PARCEL SERVICE 50,258 53,486
    UNITED TECHNOLOGIES CORP - 400 SH 11,694 31,488
    VISA INC - 250 SH 15,525 17,595
    VODAPHONE GROUP - 600 SH 17,928 15,864
    WALMART STORES INC - 700 SH 35,773 37,751
    XTO ENERGY INC - 500 SH    

    TY 2010 InvestmentsOtherSchedule2
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN EUROPACIFIC AT COST 125,931 110,680
    AMEX TECHNOLOGY SELECT AT COST 12,720 15,114
    HUSSMAN STRATEGIC GROWTH AT COST 85,000 86,177
    ISHARES TR MSCI EMERGING MKTS AT COST 43,240 95,284
    JP MORGAN MID CAP VALUE - I 758 AT COST 94,495 111,920
    JULIUS (ARTIO) INTL EQUITY FUND AT COST 116,937 138,914
    MERIDIAN GROWTH FUND AT COST 31,817 37,916
    PIMCO COMMODITY AT COST 150,801 167,930
    POWERSHARES AT COST 31,920 32,250
    ROYCE PENNSYLVANIA AT COST 30,480 56,690
    THORNBURG INTL AT COST 122,766 112,837
    T ROWE PRICE SMALL CAP VALUE FD 46 AT COST    
    T ROWE PRICE SHORT TERM BOND FUND AT COST 35,051 35,051
    VANGUARD REIT AT COST 54,689 55,370
    WELLS FARGO ADVANTAGE ASSET AT COST 75,000 73,956
    WELLS FARGO ADVANTAGE ULTRA SHORT AT COST 34,037 34,768
    WELLS FARGO FDS TR AT COST 48,000 53,843
    ACCRUED INCOME AT COST 11,532 11,532

    TY 2010 OtherDecreasesSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Description Amount
    PENALTY 69


    TY 2010 OtherExpensesSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    WELLS FARGO INVESTMENT EXPENS 18 18    
    INVESTMENT EXPENSES 84 84    


    TY 2010 OtherIncomeSchedule2
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION SETTLEMENT 285    
    THE KARCO GROUP 19,340    
    1099 ISSUED IN ERROR -19,340    


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WELLS FARGO BANK 23,262 23,262    
    FIDUCIARY FEES        


    TY 2010 TaxesSchedule
    Name:
    GABUS FOUNDATION
    EIN: 42-1448004
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VARIOUS COUNTRIES 1,601 1,601    
    FOREIGN TAX ON DIVIDENDS        
    US TREASURY 1,537