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
ISLAND FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)589 MILL STREET   Room/suite
City or town, state, and ZIP code
MARION, MA02738
A Employer identification number

04-2670567
B Telephone number (see page 10 of the instructions)

(508) 748-2809
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$40,272,211J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 1,459 1,459  
4 Dividends and interest from securities...... 841,498 841,498  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 312,525
b Gross sales price for all assets on line 6a 8,769,384
7 Capital gain net income (from Part IV, line 2)... 312,525
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 346 346  
12 Total. Add lines 1 through 11........ 1,155,828 1,155,828  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 68,000 3,400   64,600
14 Other employee salaries and wages...... 30,000 1,500   28,500
15 Pension plans, employee benefits....... 45,830 2,291   43,539
16a Legal fees (attach schedule)......... Click to see attachment 220 0   220
b Accounting fees (attach schedule)....... Click to see attachment 17,500 8,750   8,750
c Other professional fees (attach schedule).... Click to see attachment 26,123 24,077   1,471
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 30,021 22,899   7,122
19 Depreciation (attach schedule) and depletion... Click to see attachment 9,152 0  
20 Occupancy.............. 13,467 683   12,969
21 Travel, conferences, and meetings....... 10,365 0   10,878
22 Printing and publications.......... 4,293 0   4,293
23 Other expenses (attach schedule)....... Click to see attachment 23,039 809   22,422
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 278,010 64,409   204,764
25 Contributions, gifts, grants paid........ 1,699,437 1,699,437
26 Total expenses and disbursements. Add lines 24 and 25 1,977,447 64,409   1,904,201
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -821,619
b Net investment income (if negative, enter -0-) 1,091,419
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...............   4 4
2 Savings and temporary cash investments.......... 1,294,769 959,216 959,216
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........... 9,905    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 35,704,870 Click to see attachment39,036,064 39,036,064
14 Land, buildings, and equipment: basis bullet302,284
Less: accumulated depreciation (attach schedule) bullet129,173 167,716 Click to see attachment173,111 276,927
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,177,260 40,168,395 40,272,211
Liabilities 17 Accounts payable and accrued expenses.......... 18,598 77,666
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).......... 18,598 77,666
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 37,158,662 40,090,729
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 37,158,662 40,090,729
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 37,177,260 40,168,395
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 37,158,662
2 Enter amount from Part I, line 27a...................... 2 -821,619
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,802,086
4 Add lines 1, 2, and 3.......................... 4 40,139,129
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 48,400
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 40,090,729
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 FEDERATED GOVT ULTRA SHORT P 2010-10-14 2010-10-14
b PIMCO GLOBAL BOND FUND P 2010-04-28 2010-10-26
c POWERSHS CLEAN ENERGY FD P 2009-05-05 2010-04-28
d POWERSHS CLEAN ENERGY FD P 2009-05-05 2010-04-28
e POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-07-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-07-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2001-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
POWERSHS CLEAN ENERGY FD P 2009-10-27 2010-04-28
CALVERT BOND PORTFOLIO P 2006-05-03 2010-10-26
DFA EMERGING MKTS VALUE P 2003-05-13 2010-04-28
DFA EMERGING MKTS VALUE P 2003-05-13 2010-10-26
DFA INTL SMALL CAP VALUE P 2008-05-14 2010-04-28
DFA INTL SMALL CAP VALUE P 2008-05-14 2010-10-26
DFA INTL SMALL CO PORT P 2003-05-13 2010-04-28
DFA INTL SMALL CO PORT P 2003-05-13 2010-10-26
DFA LARGE CAP INT'L P 2005-05-18 2010-10-26
DFA US LARGE CO P 2001-05-24 2010-10-26
DFA US LARGE CAP VALUE P P 2005-05-16 2010-04-28
DFA US LARGE CO P 2001-05-24 2010-04-28
DFA US MICRO CAP P 2005-05-16 2010-04-28
DFA US SMALL CAP VALUE PORT P 2005-05-16 2010-04-28
DODGE & COX INTL STOCK P 2005-05-15 2010-10-26
DOMINI SOCIAL EQUITY INST P 2007-04-27 2010-04-28
DOMINI SOCIAL EQUITY INST P 2007-04-25 2010-10-26
MATTHEWS PACIFIC TIGER P 2003-11-11 2010-04-28
MATTHEWS PACIFIC TIGER P 2003-11-11 2010-10-26
POWERSHS CLEAN ENERGY FD P 2008-05-15 2010-04-28
POWERSHS CLEAN ENERGY FD P 2008-05-15 2010-04-28
POWERSHS CLEAN ENERGY FD P 2008-05-15 2010-04-28
TIAA-CREF INSTL SOCIAL CH EQ RTL P 2008-05-15 2010-04-28
TIAA-CREF INSTL SOCIAL CH EQ RTL P 2008-05-15 2010-10-26
VANGUARD GNMA ADM P 2008-05-14 2010-04-28
VANGUARD INFLATION PROT ADM P 2000-11-10 2010-04-28
VANGUARD INFLATION PROT ADM P 2003-11-10 2010-10-26
VANGUARD INTER TERM TRSY P 2003-11-10 2010-04-28
VANGUARD SHORT TERM TREAS ADM P 2008-09-29 2010-10-26
VANGUARD SHORT-TERM FED ADM P 2004-04-27 2010-04-28
VANGUARD SHORT-TERM FED ADM P 2004-04-27 2010-10-26
WNSLOW GREEN GROWTH INST SHS P 2008-01-17 2010-04-28
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 500,025   500,628 -603
b 131,675   117,955 13,720
c 2,309   2,214 95
d 50,248   48,539 1,709
e 3,015   3,085 -70
3,012   3,085 -73
2,010   2,056 -46
2,008   2,056 -48
1,004   1,028 -24
342   351 -9
10,050   10,281 -231
1,005   1,028 -23
3,015   3,084 -69
3,015   3,084 -69
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
2,010   2,056 -46
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
1,005   1,028 -23
29,815   28,991 824
39,472   19,605 19,867
143,563   64,105 79,458
2,603   2,818 -215
231,096   244,711 -13,615
25,623   20,947 4,676
344,593   263,404 81,189
322,737   325,283 -2,546
60,746   55,749 4,997
255,563   246,554 9,009
113,941   103,937 10,004
245,772   248,295 -2,523
705,703   681,287 24,416
347,839   329,835 18,004
57,467   63,190 -5,723
26,477   29,234 -2,757
21,325   15,356 5,969
230,555   139,195 91,360
100,496   223,837 -123,341
87,344   194,792 -107,448
56,372   56,121 251
87,983   96,708 -8,725
41,167   45,330 -4,163
639,415   616,838 22,577
179,437   168,152 11,285
379,340   333,277 46,063
1,025,233   1,036,485 -11,252
454,449   449,921 4,528
990,363   968,807 21,556
471,260   450,971 20,289
193,941   206,894 -12,953
117,826     117,826
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       -603
b       13,720
c       95
d       1,709
e       -70
      -73
      -46
      -48
      -24
      -9
      -231
      -23
      -69
      -69
      -46
      -46
      -46
      -46
      -46
      -46
      -46
      -46
      -46
      -23
      -23
      -23
      -23
      -23
      -23
      -23
      -23
      -23
      824
      19,867
      79,458
      -215
      -13,615
      4,676
      81,189
      -2,546
      4,997
      9,009
      10,004
      -2,523
      24,416
      18,004
      -5,723
      -2,757
      5,969
      91,360
      -123,341
      -107,448
      251
      -8,725
      -4,163
      22,577
      11,285
      46,063
      -11,252
      4,528
      21,556
      20,289
      -12,953
      117,826
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 2 312,525
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 1,878,492 31,930,265 0.058831
2008 2,330,307 38,246,283 0.060929
2007 2,297,606 44,042,881 0.052167
2006 1,912,764 42,159,382 0.045370
2005 1,806,659 40,106,417 0.045047
2 Total of line 1, column (d) ...................... 2 0.262344
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 0.052469
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 36,222,741
5 Multiply line 4 by line 3....................... 5 1,900,571
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 10,914
7 Add lines 5 and 6......................... 7 1,911,485
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,904,201
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 21,828
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 21,828
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 21,828
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 9,722
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 9,722
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 12,106
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  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMA
    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 ofbulletPETER NESBEDA TREASURER Telephone no.bullet (508) 748-2809
    Located atbullet589 MILL STREETMARIONMA ZIP+4bullet02738
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    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). Click to see attachment
    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
    JO-ANN WATSON DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    MICHAEL MOORE DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    PETER NESBEDA TREASURER
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    KIM CLARK DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    STEPHEN CLARK VICE-PRESIDENT
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    HANNAH MOORE PRESIDENT
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    CHRISTOPHER TUPPER DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    DOUGLAS WATSON DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    HELEN TUPPER DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    KATHERINE CLARK DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    OLIVER MOORE DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    SAMUEL MOORE DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    EMILY TUPPER DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    WILLIAM CLARK DIRECTOR
    5.00     		0 0 0
    589 MILL STREET
    MARION,MA02738
    DENISE PORCHE EXECUTIVE DIRECTOR
    40.00     		68,000 20,578 0
    589 MILL STREET
    MARION,MA02738
    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 THE FOUNDATIONS PRIORITIES FALL WITHIN THREE MAJOR CATEGORIES ENVIRONMENT, COMMUNITY DEVELOPMENT IN NEW BEDFORD AND ALTERATIVE EDUCATION. 0
    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 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    36,364,759
    b
    Average of monthly cash balances.......................
    1b
    409,597
    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
    36,774,356
    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
    36,774,356
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    551,615
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    36,222,741
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,811,137
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,811,137
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    21,828
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,828
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,789,309
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,789,309
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,789,309
    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
    1,904,201
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,904,201
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,904,201
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 1,789,309
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 444,958
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,904,201
    a Applied to 2009, but not more than line 2a 444,958
    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..... 1,459,243
    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 ..........     		330,066
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    DENISE PORCHE EXECUTIVE DIRECTOR
    589 MILL STREET
    MARION,MA02738
    (508) 748-2809
    bThe form in which applications should be submitted and information and materials they should include:
    APPLYING IS A TWO-STEP PROCESS A LETTER OF INQUIRY OR PHONE CALL AND SENDING THE FOUNDATION A FULL PROPOSAL. INCLUDE WITH LETTER OF INQUIRY A DESCRIPTION OF THE PROJECT,OR CALL THE FOUNDATION TO DISCUSS THE PROJECT IDEA. INCLUDE WITH THE PROPOSAL A COVER LETTER THAT SPECIFIES THE AMOUNT OF FUNDING SOUGHT, SUMMARY OF THE PROPOSAL IDEA, PRODUCTS AND TIMEFRAME. THREE TO FIVE PAGES WHICH BRIEFLY DESCRIBE THE HISTORY OF THE ORGANIZATION, PROJECT GOALS, METHODS FOR REACHING GOALS, NEED FOR THE PROJECT, QUALIFICATIONS OF ORGANIZATION AND STAFF AND MEASURES OF SUCCESS. ATTACH A PROJECT BUDGET AND PAST AND CURRENT YEAR BUDGETS FOR THE OVERALL ORGANIZATION, RECENT FINANCIAL STATEMENT OR AUDIT, LIST OF BOARD OF DIRECTORS AND STAFF, IRS DETERMINATION LETTER INDICATING EXEMPT STATUS, ALSO IF USING A FISCAL AGENT PLEASE INCLUDE A LETTER FROM THIS ORGANIZATION AND SUPPLEMENTARY MATERIALS SUCH AS ANNUAL REPORTS, NEWSLETTERS, MEDIA COVERAGE AND OR BROCHURES.
    cAny submission deadlines:
    DUE MARCH 1ST, JUNE 1ST, SEPTEMBER 1ST, DECEMBER 1ST FOR FUNDS TO BE DISTRIBUTED THE FOLLOWING MONTH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION DOES NOT SUPPORT REQUEST FROM INDIVIDUALS, RELIGIOUS ORGANIZATIONS OR FOR-PROFIT ORGANIZATIONS
    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
    AHA
    63 UNION ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 20,000
    AMMONOOSUC CONSERVATION TRUST
    80 OLD POST ROAD
    SUGAR HILL,NH03585     		NONE NON PROFIT GENERAL SUPPORT 5,000
    ARTWORKS
    384 ACUSHNET AVENUE
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 30,000
    ASSOCIATED SCIENTISTS OF WOODS HOLE
    PO BOX 721
    WOODS HOLE,MA02543     		NONE NON PROFIT RIGHT WHALE NEWS 2,000
    AUDUBON NEBRASKA - ROWE SANCTUARY
    44450 ELM ISLAND ROAD
    GIBBON,NE68840     		NONE NON PROFIT GENERAL SUPPORT 5,000
    BOYS AND GIRLS CLUB OF GREATER NEW BEDFORD
    166 JENNEY ST
    NEW BEDFORD,MA02741     		NONE NON PROFIT GENERAL SUPPORT 10,000
    BRICK BY BRICK FOUNDATION
    3 SOUTH SIXTH ST 2ND FLR
    NEW BEDFORD,MA02740     		NONE NON PROFIT CREATIVE CAREERS PROGRAM 5,000
    BUZZARDS BAY AREA HABITAT FOR HUMANITY
    34 BARSTOW ST UNIT F PO BOX 1584
    MATTAPOISET,MA02739     		NONE NON PROFIT GENERAL SUPPORT 5,000
    CAPE AND ISLANDS SELF-RELIANCE
    23 EDGERTON DR
    N FALMOUTH,MA02556     		NONE NON PROFIT TECHNICAL ASSISTANCE ON ENERGY ISSUES TO SE MA COMMUNITIES 20,000
    CATHOLIC SOCIAL SERVICES
    PO BOX M/SO STATION
    FALL RIVER,MA02724     		NONE NON PROFIT SUPPORT FOR CENTRO COMUNITARIO DE TRABAJADORES 5,000
    CITIZENS FOR THE PROTECTION OF WAQUOIT BAY
    PO BOX 3092
    WAQUOIT,MA02536     		NONE NON PROFIT GEN SUPPORT FOR ENVIRONMENTAL PROGRAM FOR IMMIGRANT LEADERS ON CAPE COD 5,000
    COALITION AGAINST POVERTY
    105 WILLIAMS ST 26
    NEW BEDFORD,MA02720     		NONE NON PROFIT GENERAL SUPPORT 5,000
    COALITION FOR BUZZARDS BAY
    114 FRONT ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 35,000
    COMMUNITY BOATING CENTER
    1641 PADANARAM AVE
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 15,000
    COMMUNITY ECONOMIC DEVELOPMENT CENTER
    181 HILLMAN ST BLDG 9
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 15,000
    COMMUNITY ECONOMIC DEVELOPMENT CENTER
    181 HILLMAN ST BLDG 9
    NEW BEDFORD,MA02740     		NONE NON PROFIT TAX PREPARATION ASSISTANCE FOR FISHING FAMILIES 5,000
    COMMUNITY ECONOMIC DEVELOPMENT CENTER
    PO BOX 6553
    NEW BEDFORD,MA02742     		NONE NON PROFIT WORKING WATERFRONT FESTIVAL 25,000
    COMMUNITY FOUNDATION OF SOUTHEASTERN MA
    63 UNION ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT SUPPORT FOR SCHOONER ERNESTINA USES FORUM 10/30/2010 10,000
    COMMUNITY FOUNDATION OF SOUTHEASTERN MA
    63 UNION ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 45,000
    COMMUNITY FOUNDATION OF SOUTHEASTERN MA
    63 UNION ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT OLD BEFORD VILLAGE NEW BEDFORD CSA PROJECT 3,000
    COMMUNITY FOUNDATION OF SOUTHEASTERN MA
    63 UNION ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT SUPPORT FOR LEADERSHIP SOUTHCOAST PROF TRAINING DAY 5,000
    COMPACT OF CAPE COD CONSERVATION TRUSTS
    3239 MAIN ST PO BOX 443
    BARNSTABLE,MA02630     		NONE NON PROFIT GENERAL SUPPORT 20,000
    CULTURE PARK
    69 WALDEN ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 5,000
    DENNISON MEMORIAL COMMUNITY CENTER
    755 SOUTH FIRST ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT FOR TEEN PROGRAM 15,000
    EDUCATON DEVELOPMENT CENTER
    55 CHAPEL ST
    NEWTON,MA02458     		NONE NON PROFIT REFUND OF PRIOR GRANT -563
    ESSEX COUNTY GREENBELT ASSOCIATION
    82 EASTERN AVE
    ESSEX,MA01929     		NONE NON PROFIT FOR THE MASSACHUSETTS LAND TRUST COALITION 5,000
    FORT TABER-FORT RODMAN HISTORICAL ASSOCIATION
    1000 C RODNEY FRENCH BLVD
    NEW BEDFORD,MA02744     		NONE NON PROFIT GENERAL SUPPORT 5,000
    GALLERY X
    169 WILLIAM ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 15,000
    GREEN GUERILLAS
    232 E 11TH ST
    NEW YORK,NY10003     		NONE NON PROFIT GENERAL SUPPORT FOR COMMUNITY GARDENING PROGRAMS 5,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL ST
    PORTLAND,ME04101     		NONE NON PROFIT LOBSTER STIMULATION PROJECT 25,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL ST
    PORTLAND,ME04101     		NONE NON PROFIT GENERAL SUPPORT OF RESOURCE ECONOMIST POSITION 25,000
    IMMIGRANTS ASSISTANCE CENTER
    58 CRAPO ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT GIVEN TO IMMIGRANT FAMILIES 10,000
    LIGHTHAWK
    PO BOX 15
    UPPER JAY,NY12987     		NONE NON PROFIT GENERAL SUPPORT FOR EASTERN REGION PROGRAM 15,000
    MANOMET CENTER FOR CONSERVATION SCIENCES
    PO BOX 1770
    MANOMET,MA02345     		NONE NON PROFIT FOR ENERGY AND WILDLIFE PROJECTS 30,000
    MANOMET CENTER FOR CONSERVATION SCIENCES
    PO BOX 1770
    MANOMET,MA02345     		NONE NON PROFIT NATURAL HERITAGE & ENDANGERED SPECIES, BUZZARDS BAY TERN RESTORATION PROJECT 5,000
    MARION INSTITUTE
    202 SPRING ST
    MARION,MA02738     		NONE NON PROFIT FOR BIONEERS BY THE BAY 20,000
    MASSACHUSETTS AUDUBON SOCIETY
    PO BOX 275
    CUMMAQUID,MA02637     		NONE NON PROFIT COASTAL WATERBIRD PROGRAM 25,000
    MEMORIAL UNIV OF NEWFOUNDLAND
    PO BOX 4200
    ST JOHNS,NEWFOUNDLANDAIC5S7
    CA     		NONE NON PROFIT JON LIEN MEMORIAL FND 6,000
    NATIONAL MARINE LIFE CENTER
    PO BOX 269 120 MAIN ST
    BUZZARDS BAY,MA02532     		NONE NON PROFIT GENERAL SUPPORT FOR MARINE HOSPITAL COMPLETION 30,000
    NATURAL RESOURCES COUNCIL OF MAINE
    3 WADE ST
    AUGUSTA,ME04330     		NONE NON PROFIT SUPPORT FOR THE HEALTHY WATERS, TOXICS, NORTH WOODS 20,000
    NEW BEDFORD ART MUSEUM
    608 PLEASANT ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT THE AUDOBON PRESERVATION PARTNERSHIP 2,000
    NEW BEDFORD HISTORICAL SOCIETY
    21 SEVENTH ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 10,000
    NEW BEDFORD SYMPHONY ORCHESTRA
    PO BOX 2053
    NEW BEDFORD,MA02741     		NONE NON PROFIT GENERAL SUPPORT FOR YOUNG PEOPLES CONCERTS 10,000
    NEW BEDFORD WHALING MUSEUM
    18 JOHNNY CAKE HILL
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT INCLUDING RIGHT WHALE PROJECT 50,000
    NEW BEDFORD WHALING MUSEUM
    18 JOHNNY CAKE HILL
    NEW BEDFORD,MA02740     		NONE NON PROFIT RIGHT WHALE BONE TRANSPORT PROJECT 2,000
    NEW ENGLAND AQUARIUM
    CENTRAL WHARF
    BOSTON,MA02110     		NONE NON PROFIT RIGHT WHALE PROJECT 50,000
    NEW ENGLAND AQUARIUM
    CENTRAL WHARF
    BOSTON,MA02110     		NONE NON PROFIT SUPPORT FOR THE NORTH ATLANTIC RIGHT WHALE CONSORTIU 13,000
    NORTH AND SOUTH RIVERS WATERSHED ASSOCIATION
    PO BOX 43
    NORWELL,MA02061     		NONE NON PROFIT SUPPORT FOR WAERSHED ACTION ALLIANCE 6,000
    OUR SISTERS' SCHOOL
    145 BROWNELL AVE
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 20,000
    PACE
    PO BOX 5626
    NEW BEDFORD,MA02742     		NONE NON PROFIT H.O.P.E. COLLABORATIVE-TRANSPORTATION FOR YOUTH 2,000
    PACE
    PO BOX 5626
    NEW BEDFORD,MA02742     		NONE NON PROFIT GENERAL SUPPORT FOR YOUTHBUILD 20,000
    PENIKESE ISLAND SCHOOL
    PO BOX 161
    WOODS HOLE,MA02543     		NONE NON PROFIT GENERAL SUPPORT 50,000
    PENOBSCOT EAST RESOURCE CENTER
    PO BOX 27
    STONINGTON,ME04681     		NONE NON PROFIT DOWNEAST GROUNDFISH INITIATIVE 20,000
    PKD FOUNDATION
    8330 WARD PKWY SUITE 500
    KANSAS CITY,MO64114     		NONE NON PROFIT GENERAL SUPPORT 50,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    434 WEST 33RD ST
    NEW YORK,NY10011     		NONE NON PROFIT GENERAL SUPPORT FOR INTERNATIONAL PROGRAMS 20,000
    PROVINCETOWN CENTER FOR COASTAL STUDIES
    115 BRADFORD ST
    PROVIDENCE,MA02657     		NONE NON PROFIT TECHNICAL ASSISTANCE TO CAPE COD COMMISSIONS REGIONAL PLANNING INITIATIVE 25,000
    PROVINCETOWN CENTER FOR COASTAL STUDIES
    115 BRADFORD ST
    PROVINCETOWN,MA02657     		NONE NON PROFIT GENERAL SUPPORT 30,000
    QUEBEC-LABRADOR FOUNDATION
    55 SOUTH MAIN ST
    IPSWICH,MA01938     		NONE NON PROFIT NORTHERN GULF AND ATLANTIC REGION PROGRAMS 75,000
    ROGER WILLIAM UNIVERSITY
    1 OLD FERRY RD
    BRISTOL,RI02809     		NONE NON PROFIT RI OYSTER GARDENING FOR RESTORATION & ENHANCEMENT PROJECT 30,000
    SAVE THE BAY
    100 SAVE THE BAY DR
    PROVIDENCE,RI02905     		NONE NON PROFIT GENERAL SUPPORT 30,000
    SIPPICAN LANDS TRUST
    354 FRONT ST
    MARION,MA02738     		NONE NON PROFIT GENERAL SUPPORT 25,000
    SOUTH GEORGIA HERITAGE TRUST
    VERDANT WORKS WEST HENDESON WYND
    DUNDEE   DD15BT
    UK     		NONE NON PROFIT GENERAL SUPPORT 250,000
    SOUTHSIDE COMMUNITY LAND TRUST
    109 SOMERSET ST
    PROVIDENCE,RI02907     		NONE NON PROFIT COMMUNITY GARDENS NETWORK 26,000
    THE BOSTON FOUNDATION
    75 ARLINGTON ST
    BOSTON,MA02116     		NONE NON PROFIT HAITI FUND 5,000
    THE LANDING SCHOOL
    PO BOX 1490
    KENNEBUNKPORT,ME04046     		NONE NON PROFIT SCHOLARSHIP ASSISTANCE 30,000
    THE TRUSTEES OF RESERVATIONS
    1100 MAIN RD
    WESTPORT,MA27290     		NONE NON PROFIT SOUTH COAST URBAN YOUTH CORPS 10,000
    THE WILDLANDS TRUST
    PO BOX 2282
    DUXBURY,MA02331     		NONE NON PROFIT GENERAL SUPPORT 10,000
    THIRD EYE
    28 UNION STREET
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 5,000
    TRI-COUNTY MUSIC ASSOCIATION
    PO BOX 414
    ROCHESTER,MA02770     		NONE NON PROFIT GENERAL SUPPORT 20,000
    TRIPS FOR KIDS NEW BEDFORD INC
    VICTORY PARK 224 BROCK AVE
    NEW BEDFORD,MA02744     		NONE NON PROFIT GENERAL SUPPORT 5,000
    UNITED INTERFAITH ACTION OF SE MA
    160 ROCK ST
    FALL RIVER,MA02720     		NONE NON PROFIT GENERAL SUPPORT 10,000
    UNITED WAY OF GREATER NEW BEDFORD
    105 WILLIAMS ST PO BOX 7823
    NEW BEDFORD,MA027427823     		NONE NON PROFIT GENERAL SUPPORT FOR MINI-GRANTS PROGRAM 50,000
    UNITED WAY OF GREATER NEW BEDFORD
    105 WILLIAMS ST PO BOX 7824
    NEW BEDFORD,MA02740     		NONE NON PROFIT HUNGER COMMISSION/GENERAL SUPPORT 45,000
    UNITED WAY OF GREATER NEW BEDFORD
    105 WILLIAMS ST PO BOX 7824
    NEW BEDFORD,MA02740     		NONE NON PROFIT SUMMER FUND 2010 35,000
    UNITED WAY OF GREATER NEW BEDFORD
    105 WILLIAMS ST PO BOX 7824
    NEW BEDFORD,MA02740     		NONE NON PROFIT NON-PROFIT CAPACITY ASSESSMENT PROJECT 3,000
    UNIVERSITY OF MA DARTMOUTH FOUNDATION
    285 OLD WESPORT RD
    N DARTMOUTH,MA02747     		NONE NON PROFIT GENERAL SUPPORT FOR SEMAP 25,000
    WATERFRONT HISTORIC AREA LEAGUE
    128 UNION ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 10,000
    WOODS HOLE OCEANOGRAPHIC INSTITUTION
    MS40 FENNO HOUSE RM 225
    WOODS HOLE,MA02543     		NONE NON PROFIT WORKSHOP TO PLAN FOR ASSESSING THE IMPACTS OF OCEAN WIND POWER 15,000
    YMCA OF SOUTHEASTERN MA
    20 SOUTH SIXTH ST
    WAREHAM,MA02740     		NONE NON PROFIT SUPPORT FOR RACIAL JUSTICE PROGRAM 30,000
    ZEITERON THEATRE
    684 PURCHASE ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT ARTSPOWER EDUCATION PROGRAMS 20,000
    Total .................................bullet 3a 1,699,437
    bApproved for future payment
    COMMUNITY FOUNDATION OF SEMA
    384 ACUSHNET AVENUE
    NEW BEDFORD,MA02740     		NONE NON PROFIT GENERAL SUPPORT 60,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL ST
    PORTLAND,ME04101     		NONE NON PROFIT GENERAL SUPPORT OF RESOURCE ECONOMIST POSITION 25,000
    MASSACHUSETTS AUDUBON SOCIETY
    208 SOUTH GREAT RD
    LINCOLN,MA01773     		NONE NON PROFIT GENERAL SUPPORT FOR COASTAL WATERBIRD PROGRAM 25,000
    NEW ENGLAND AQUARIUM
    CENTRAL WHARF
    BOSTON,MA02110     		NONE NON PROFIT SUPPORT FOR RIGHT WHALE CONSORTIUM 13,000
    PKD FOUNDATION
    8330 WARD PKWY SUITE 500
    KANSAS CITY,KS64114     		NONE NON PROFIT GENERAL SUPPORT 100,000
    SIPPICAN LANDS TRUST
    354 FRONT ST
    MARION,MA02738     		NONE NON PROFIT GENERAL SUPPORT 50,000
    UNITED WAY OF GREATER NEW BEDFORD
    105 WILLIAMS ST PO BOX 7823
    NEW BEDFORD,MA027427823     		NONE NON PROFIT GENERAL SUPPORT FOR MINI-GRANTS PROGRAM 50,000
    ZEITERON THEATRE
    684 PURCHASE ST
    NEW BEDFORD,MA02740     		NONE NON PROFIT ARTSPOWER EDUCATION PROGRAMS 20,000
    Total ..................................bullet 3b 343,000
    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 1,459  
    4 Dividends and interest from securities....     14 841,498  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 346  
    8Gain or (loss) from sales of assets other than inventory     18 312,525  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,155,828 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,155,828
    (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:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RAYMON PIELECH ZEXTER, PC,700 PLEASANT ST, NEW BEDFORD, MA 02740 17,500 8,750   8,750

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 1989-01-30 150,150 78,834 SL 40.000000000000 3,754 0    
    DONATED FURNITURE 1989-07-06 17,166 17,166 SL 7.000000000000 0 0    
    OFFICE CHAIR 1989-11-17 280 280 SL 7.000000000000 0 0    
    LIBRARY SHELVES 1992-07-23 1,800 1,800 SL 7.000000000000 0 0    
    FILE CABINETS 1990-02-12 356 356 SL 7.000000000000 0 0    
    LAND 1989-01-30 44,850   L 0 % 0 0    
    IKON COPIER 2010-02-15 5,408   SL 7.000000000000 644 0    
    BUILDING IMPROVEMENTS 2010-03-25 9,139   SL 39.000000000000 176 0    
    STONE WALL 2001-10-31 15,879 3,324 SL 39.000000000000 407 0    
    WINDOWS 2001-11-30 12,659 2,627 SL 39.000000000000 325 0    
    HANDICAP RAMP AND BATHROOM 2002-03-22 10,627 2,108 SL 39.000000000000 272 0    
    COMPUTER 2003-07-31 3,288 3,288 SL 5.000000000000 0 0    
    COMPUTER 2004-01-01 384 384 SL 5.000000000000 0 0    
    DELL COMPUTER 2005-09-30 1,468 1,249 SL 5.000000000000 219 0    
    DIGITAL PROJECTOR 2005-11-30 1,310 1,070 SL 5.000000000000 240 0    
    13 CHAIRS AND 1 DESK 2006-12-01 1,936 854 SL 7.000000000000 277 0    
    PHOTOCOPIER 2006-12-29 2,552 1,530 SL 5.000000000000 510 0    
    DRIVEWAY PAVING (7,286 SQ FT) 2006-05-01 16,495 4,033 SL 15.000000000000 1,100 0    
    DESK & DRAWERS 2008-09-24 620 111 SL 7.000000000000 89 0    
    MACBOOK 2008-03-26 1,649 577 SL 5.000000000000 330 0    
    4 FILING CABINETS 2008-07-21 796 161 SL 7.000000000000 114 0    
    APPLE MINI, HP MONITOR, AND PRINTER 2009-07-13 1,129 113 SL 5.000000000000 226 0    
    MAC LAPTOP, HARDWARE, AND SOFTWARE 2009-08-28 2,343 156 SL 5.000000000000 469 0    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 ExpenditureResponsibilityStmt
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    SOUTH GEORGIA HERITAGE TRUST
          		CO PROJECT ATLANTIS 23 SPRINGFIELD
    DUNDEE,SCOTLANDDD14JE
    UK     		2007-02-21 250,000 HABITAT RESTORATION RESEARCH ON THE ISLAND OF SOUTH GEORGIA IN THE SOUTH ATLANTIC (OFF ARGENTINA) - $250,000 PER YEAR FOR THREE YEARS 250,000 NO FUNDS WERE DIVERTED FROM THEIR INTENDED PURPOSE REPORT DUE 6/14/2011    

    TY 2010 InvestmentsOtherSchedule2
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CALVERT SOCIAL INVT BOND FMV 970,588 970,588
    DFA EMERGING MARKETS VAL FMV 1,341,889 1,341,889
    DFA INT'L SMALL CAP VALUE FMV 1,842,058 1,842,058
    DFA INT'L SMALL CO PORT FMV 1,830,775 1,830,775
    DFA LARGE CAP INT'L PORTFOLIO FMV 1,743,383 1,743,383
    DFA MICRO CAP PORTFOLIO FMV 594,558 594,558
    DFA US LG CAP VALUE FMV 2,195,482 2,195,482
    DFA US LG CO PORTFOLIO FMV 2,129,132 2,129,132
    DFA US SMALL CAP VALUE FMV 3,421,206 3,421,206
    DODGE & COX INTL STOCK FMV 1,739,756 1,739,756
    DOMINI SOCIAL EQUITY FMV 1,071,865 1,071,865
    MATTHEWS PACIFIC TIGER FUND FMV 1,286,505 1,286,505
    POWERSHS EXCH TRADE FD FMV 0 0
    TIAA-CREF INSTL SOCIAL CHOICE EQ FMV 1,068,068 1,068,068
    TURNER MICRO CAP GROWTH FMV 2,310,333 2,310,333
    VANGUARD GNMA FUND FMV 0 0
    VANGUARD INFLATION FMV 3,017,085 3,017,085
    VANGUARD INTER TERM TRSY ADMIRAL FMV 0 0
    VANGUARD SHORT-TERM FEDERAL FD FMV 2,926,500 2,926,500
    VANGUARD ST TRSY FD ADMIRAL FMV 2,922,950 2,922,950
    WINSLOW GREEN GROWTH INSTL FMV 525,844 525,844
    DFA FIVE YEAR GLOBAL FMV 2,924,445 2,924,445
    FEDERATED GOVT ULTRA SHORT FMV 500,466 500,466
    PIMCO GLOBAL BOND FMV 970,588 970,588
    LEUTHOLD GLOBAL CLEAN TECH FMV 400,660 400,660
    HARDING LOEVNER FRONTIER FMV 635,203 635,203
    TEMPLETON FRONTIER MKTS FMV 666,725 666,725

    TY 2010 LandEtcSchedule2
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 150,150 82,588 67,562 0
    DONATED FURNITURE 17,166 17,166   0
    OFFICE CHAIR 280 280   0
    LIBRARY SHELVES 1,800 1,800   0
    FILE CABINETS 356 356   0
    LAND 44,850 0 44,850 0
    IKON COPIER 5,408 644 4,764 0
    BUILDING IMPROVEMENTS 9,139 176 8,963 0
    STONE WALL 15,879 3,731 12,148 0
    WINDOWS 12,659 2,952 9,707 0
    HANDICAP RAMP AND BATHROOM 10,627 2,380 8,247 0
    COMPUTER 3,288 3,288   0
    COMPUTER 384 384   0
    DELL COMPUTER 1,468 1,468   0
    DIGITAL PROJECTOR 1,310 1,310   0
    13 CHAIRS AND 1 DESK 1,936 1,131 805 0
    PHOTOCOPIER 2,552 2,040 512 0
    DRIVEWAY PAVING (7,286 SQ FT) 16,495 5,133 11,362 0
    DESK & DRAWERS 620 200 420 0
    MACBOOK 1,649 907 742 0
    4 FILING CABINETS 796 275 521 0
    APPLE MINI, HP MONITOR, AND PRINTER 1,129 339 790 0
    MAC LAPTOP, HARDWARE, AND SOFTWARE 2,343 625 1,718 0


    TY 2010 LegalFeesSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEMENWAY & BARNES 220 0   220


    TY 2010 OtherDecreasesSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Description Amount
    DEFERRED TAXES 48,400


    TY 2010 OtherExpensesSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 6,955 0   7,030
    INSURANCE 5,570 278   5,292
    OFFICE EXPENSES 7,016 348   6,612
    TELEPHONE 3,498 183   3,488


    TY 2010 OtherIncomeSchedule2
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROCEEDS FROM DIMA NYAG SETTLEMENT 346 346 346


    TY 2010 OtherIncreasesSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Description Amount
    UNREALIZED GAIN CURRENT CHANGE 3,802,086


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AEQUITAS INVESTMENTS 24,000 24,000   0
    BOOKKEEPING/PAYROLL 2,123 77   1,471


    TY 2010 TaxesSchedule
    Name:
    ISLAND FOUNDATION INC
    EIN: 04-2670567
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 7,497 375   7,122
    INVESTMENT EXCISE TAXES 22,274 22,274   0
    FORM PC MA TAX 250 250   0