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
THE CHARLES EVANS HUGHES MEMORIAL
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)C/O AFRIEDMANCPA 280 MADISON AVENUENO 1007Room/suite
City or town, state, and ZIP code
NEW YORK, NY10016
A Employer identification number

13-6159445
B Telephone number (see page 10 of the instructions)

(212) 517-8108
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$16,395,118J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 1,474 1,474  
4 Dividends and interest from securities...... 448,329 448,329  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 228,238
b Gross sales price for all assets on line 6a 3,279,886
7 Capital gain net income (from Part IV, line 2)... 228,238
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 678,041 678,041  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 10,000 10,000   0
c Other professional fees (attach schedule).... Click to see attachment 232,605 94,605   138,000
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 12,404 2,239   750
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 38,227 9,119   29,108
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,514 781   9,733
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 303,750 116,744   177,591
25 Contributions, gifts, grants paid........ 892,000 892,000
26 Total expenses and disbursements. Add lines 24 and 25 1,195,750 116,744   1,069,591
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -517,709
b Net investment income (if negative, enter -0-) 561,297
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............... 47,884 72,852 72,852
2 Savings and temporary cash investments.......... 277,670 440,892 440,892
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) 3,753,013 Click to see attachment3,528,726 3,528,726
b Investments—corporate stock (attach schedule)........ 7,769,486 Click to see attachment10,840,760 10,840,760
c Investments—corporate bonds (attach schedule)........ 1,442,808 Click to see attachment1,441,455 1,441,455
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,527,749 Click to see attachment70,433 Click to see attachment70,433
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,818,610 16,395,118 16,395,118
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment12,568 Click to see attachment10,280
23 Total liabilities (add lines 17 through 22).......... 12,568 10,280
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 27,090,441 28,415,184
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -11,284,399 -12,030,346
30 Total net assets or fund balances (see page 17 of the
instructions).................... 15,806,042 16,384,838
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 15,818,610 16,395,118
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 15,806,042
2 Enter amount from Part I, line 27a...................... 2 -517,709
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,096,505
4 Add lines 1, 2, and 3.......................... 4 16,384,838
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 16,384,838
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 434 SH. AMERICAN EXPRESS CO. P 2009-03-18 2010-05-05
b 316 SH. AMERICAN EXPRESS CO. P 2009-04-02 2010-05-05
c 400 SH. BAXTER INTERNATIONAL INC. P 2010-01-15 2010-06-14
d 250 SH. BAXTER INTERNATIONAL INC. P 2010-01-19 2010-06-14
e 20 SH. BAXTER INTERNATIONAL INC. P 2010-03-05 2010-06-14
30 SH. BAXTER INTERNATIONAL INC. P 2010-03-12 2010-06-14
420 SH. BAXTER INTERNATIONAL INC. P 2010-03-12 2010-06-15
40 SH. BAXTER INTERNATIONAL INC. P 2010-03-25 2010-06-15
40 SH. BAXTER INTERNATIONAL INC. P 2010-04-19 2010-06-15
442 SH. CELGENE CORP. P 2009-03-18 2010-03-12
8 SH. CELGENE CORP. P 2009-04-02 2010-03-12
250 SH. CELGENE CORP. P 2009-04-02 2010-10-12
212 SH. CELGENE CORP. P 2009-04-02 2010-10-13
38 SH. CELGENE CORP. P 2009-04-20 2010-10-13
152 SH. CELGENE CORP. P 2009-04-20 2010-10-14
48 SH. CELGENE CORP. P 2009-07-20 2010-10-14
100 SH. CELGENE CORP. P 2009-07-20 2010-10-14
142 SH. CELGENE CORP. P 2009-07-20 2010-10-15
30 SH. CELGENE CORP. P 2009-08-14 2010-10-15
70 SH. CELGENE CORP. P 2009-09-08 2010-10-15
70 SH. CELGENE CORP. P 2010-04-19 2010-10-15
38 SH. CELGENE CORP. P 2010-07-13 2010-10-15
175 SH. CELGENE CORP. P 2010-07-13 2010-10-18
17 SH. CELGENE CORP. P 2010-07-13 2010-10-19
183 SH. CELGENE CORP. P 2010-07-26 2010-10-19
47 SH. CELGENE CORP. P 2010-07-26 2010-10-20
774 SH. CISCO SYSTEMS INC. P 2009-03-18 2010-04-16
726 SH. CISCO SYSTEMS INC. P 2009-04-02 2010-04-16
583 SH. CORNING INC. P 2009-03-18 2010-02-04
1,660 SH. CORNING INC. P 2009-04-20 2010-02-04
7 SH. CORNING INC. P 2009-07-20 2010-02-04
803 SH. CORNING INC. P 2009-07-20 2010-02-08
70 SH. CORNING INC. P 2009-08-14 2010-02-08
200 SH. CORNING INC. P 2009-09-08 2010-02-08
1,200 SH. DOW CHEMICAL P 2009-10-15 2010-08-25
50 SH. DOW CHEMICAL P 2009-10-15 2010-08-25
450 SH. DOW CHEMICAL P 2009-01-15 2010-08-26
150 SH. DOW CHEMICAL P 2009-10-16 2010-08-26
400 SH. DOW CHEMICAL P 2009-12-29 2010-08-26
350 SH. DOW CHEMICAL P 2009-12-29 2010-08-27
250 SH. DOW CHEMICAL P 2009-12-31 2010-08-27
100 SH. DOW CHEMICAL P 2010-03-25 2010-08-27
90 SH. DOW CHEMICAL P 2010-04-19 2010-08-27
460 SH. DOW CHEMICAL P 2010-07-13 2010-08-27
190 SH. DOW CHEMICAL P 2010-07-13 2010-08-30
510 SH. DOW CHEMICAL P 2010-07-26 2010-08-30
110 SH. DOW CHEMICAL P 2010-07-26 2010-08-31
1,037 SH. EMC CORP. P 2009-04-02 2010-05-05
213 SH. EMC CORP. P 2009-04-20 2010-05-05
182 SH. EOG RESOURCES INC. P 2009-05-04 2010-03-22
18 SH. EOG RESOURCES INC. P 2009-07-20 2010-03-22
102 SH. EOG RESOURCES INC. P 2009-07-20 2010-03-23
10 SH. EOG RESOURCES INC. P 2009-08-14 2010-03-23
30 SH. EOG RESOURCES INC. P 2009-09-08 2010-03-23
58 SH. EOG RESOURCES INC. P 2009-09-21 2010-03-23
250 SH. EOG RESOURCES INC. P 2009-09-21 2010-05-13
92 SH. EOG RESOURCES INC. P 2009-09-21 2010-09-23
58 SH. EOG RESOURCES INC. P 2009-09-22 2010-09-23
142 SH. EOG RESOURCES INC. P 2009-09-22 2010-09-24
250 SH. FEDEX CORP. P 2009-11-16 2010-06-14
275 SH. FEDEX CORP. P 2009-11-16 2010-06-15
75 SH. FEDEX CORP. P 2009-11-16 2010-06-16
40 SH. FEDEX CORP. P 2010-03-05 2010-06-16
20 SH. FEDEX CORP. P 2010-03-25 2010-06-16
20 SH. FEDEX CORP. P 2010-04-19 2010-06-16
5 SH. ILLINOIS TOOL WORKS INC. P 2009-04-02 2010-02-04
50 SH. ILLINOIS TOOL WORKS INC. P 2009-04-03 2010-02-04
120 SH. ILLINOIS TOOL WORKS INC. P 2009-04-20 2010-02-04
75 SH. ILLINOIS TOOL WORKS INC. P 2009-04-22 2010-02-04
125 SH. ILLINOIS TOOL WORKS INC. P 2009-04-22 2010-02-05
250 SH. ILLINOIS TOOL WORKS INC. P 2009-04-23 2010-02-05
25 SH. ILLINOIS TOOL WORKS INC. P 2009-04-24 2010-02-05
125 SH. ILLINOIS TOOL WORKS INC. P 2009-04-24 2010-02-08
75 SH. ILLINOIS TOOL WORKS INC. P 2009-04-27 2010-02-08
175 SH. ILLINOIS TOOL WORKS INC. P 2009-04-27 2010-03-17
460 SH. ILLINOIS TOOL WORKS INC. P 2009-07-20 2010-03-17
40 SH. ILLINOIS TOOL WORKS INC. P 2009-08-14 2010-03-17
25 SH. ILLINOIS TOOL WORKS INC. P 2009-09-08 2010-03-17
75 SH. ILLINOIS TOOL WORKS INC. P 2009-09-08 2010-03-18
631 SH. INTERNATIONAL PAPER CO. P 2009-03-18 2010-08-11
119 SH. INTERNATIONAL PAPER CO. P 2009-04-20 2010-08-11
750 SH. INTERNATIONAL PAPER CO. P 2009-04-20 2010-08-13
233 SH. JOHNSON & JOHNSON P 2009-03-18 2010-04-16
310 SH. JOHNSON & JOHNSON P 2009-04-20 2010-04-16
160 SH. JOHNSON & JOHNSON P 2009-08-14 2010-04-16
30 SH. JOHNSON & JOHNSON P 2009-09-08 2010-04-16
17 SH. JOHNSON & JOHNSON P 2010-03-05 2010-04-16
23 SH. JOHNSON & JOHNSON P 2010-03-05 2010-04-19
30 SH. JOHNSON & JOHNSON P 2010-03-25 2010-04-19
924 SH. LOWES COMPANIES INC. P 2009-03-18 2010-05-05
76 SH. LOWES COMPANIES INC. P 2009-04-02 2010-05-05
500 SH. PAYCHEX INC. P 2009-11-06 2010-08-03
500 SH. PAYCHEX INC. P 2009-11-09 2010-08-03
50 SH. PAYCHEX INC. P 2009-11-09 2010-08-04
350 SH. PAYCHEX INC. P 2009-11-10 2010-08-04
200 SH. PAYCHEX INC. P 2009-11-12 2010-08-04
50 SH. PAYCHEX INC. P 2009-11-13 2010-08-04
100 SH. PAYCHEX INC. P 2009-11-16 2010-08-04
400 SH. PAYCHEX INC. P 2009-11-16 2010-08-05
250 SH. PAYCHEX INC. P 2009-11-16 2010-08-06
10 SH. PAYCHEX INC. P 2010-03-05 2010-08-06
80 SH. PAYCHEX INC. P 2010-03-25 2010-08-06
10 SH. PAYCHEX INC. P 2010-04-19 2010-08-06
60 SH. PAYCHEX INC. P 2010-04-19 2010-08-09
290 SH. PAYCHEX INC. P 2010-07-13 2010-08-09
260 SH. PAYCHEX INC. P 2010-07-13 2010-08-10
1,550 SH. PFIZER INC. P 2009-10-29 2010-10-12
200 SH. PFIZER INC. P 2009-10-30 2010-10-12
250 SH. PFIZER INC. P 2009-11-02 2010-10-12
400 SH. PNC FINANCIAL SERVICES GROUP P 2010-07-12 2010-09-23
50 SH. PNC FINANCIAL SERVICES GROUP P 2010-07-12 2010-09-24
500 SH. PNC FINANCIAL SERVICES GROUP P 2010-07-13 2010-09-24
50 SH. PNC FINANCIAL SERVICES GROUP P 2010-07-14 2010-09-24
50 SH. PNC FINANCIAL SERVICES GROUP P 2010-07-26 2010-09-24
340 SH. PNC FINANCIAL SERVICES GROUP P 2010-07-26 2010-09-27
487 SH. PROCTER & GAMBLE CO. P 2009-03-18 2010-03-12
213 SH. PROCTER & GAMBLE CO. P 2009-04-02 2010-03-12
200 SH. T. ROWE PRICE GROUP INC. P 2009-06-15 2010-05-14
400 SH. T. ROWE PRICE GROUP INC. P 2009-06-15 2010-05-17
150 SH. T. ROWE PRICE GROUP INC. P 2009-06-15 2010-05-18
1,000 SH. STAPLES INC. P 2009-04-02 2010-11-16
217 SH. STAPLES INC. P 2009-04-02 2010-11-16
650 SH. STAPLES INC. P 2009-04-20 2010-11-16
133 SH. STAPLES INC. P 2009-07-20 2010-11-16
500 SH. STAPLES INC. P 2009-07-20 2010-11-18
497 SH. STAPLES INC. P 2009-07-20 2010-11-19
3 SH. STAPLES INC. P 2009-08-14 2010-11-19
67 SH. STAPLES INC. P 2009-08-14 2010-11-22
210 SH. STAPLES INC. P 2009-09-08 2010-11-22
130 SH. STAPLES INC. P 2010-03-05 2010-11-22
110 SH. STAPLES INC. P 2010-03-25 2010-11-22
110 SH. STAPLES INC. P 2010-04-19 2010-11-22
623 SH. STAPLES INC. P 2010-07-13 2010-11-22
157 SH. STAPLES INC. P 2010-07-13 2010-11-23
343 SH. STAPLES INC. P 2010-07-26 2010-11-23
397 SH. STAPLES INC. P 2010-07-26 2010-11-24
109 SH. THERMO FISHER SCIENTIFIC INC. P 2009-04-02 2010-01-15
191 SH. THERMO FISHER SCIENTIFIC INC. P 2009-04-20 2010-01-15
139 SH. THERMO FISHER SCIENTIFIC INC. P 2009-04-20 2010-01-19
111 SH. THERMO FISHER SCIENTIFIC INC. P 2009-07-20 2010-01-19
75 SH. THERMO FISHER SCIENTIFIC INC. P 2009-07-20 2010-01-20
300 SH. THERMO FISHER SCIENTIFIC INC. P 2009-07-20 2010-01-21
34 SH. THERMO FISHER SCIENTIFIC INC. P 2009-07-20 2010-01-22
50 SH. THERMO FISHER SCIENTIFIC INC. P 2009-08-14 2010-01-22
400 SH. TYCO INTERNATIONAL LTD. P 2009-09-25 2010-10-12
350 SH. TYCO INTERNATIONAL LTD. P 2009-09-28 2010-10-12
50 SH. TYCO INTERNATIONAL LTD. P 2009-09-28 2010-10-13
350 SH. TYCO INTERNATIONAL LTD. P 2009-09-29 2010-10-13
250 SH. TYCO INTERNATIONAL LTD. P 2009-09-30 2010-10-13
100 SH. TYCO INTERNATIONAL LTD. P 2009-11-23 2010-10-13
400 SH. TYCO INTERNATIONAL LTD. P 2009-11-23 2010-10-14
50 SH. TYCO INTERNATIONAL LTD. P 2009-11-24 2010-10-14
200 SH. TYCO INTERNATIONAL LTD. P 2009-11-24 2010-10-14
30 SH. TYCO INTERNATIONAL LTD. P 2010-03-05 2010-10-14
80 SH. TYCO INTERNATIONAL LTD. P 2010-03-25 2010-10-14
40 SH. TYCO INTERNATIONAL LTD. P 2010-04-19 2010-10-14
20 SH. TYCO INTERNATIONAL LTD. P 2010-04-19 2010-10-15
380 SH. TYCO INTERNATIONAL LTD. P 2010-07-13 2010-10-15
120 SH. TYCO INTERNATIONAL LTD. P 2010-07-13 2010-10-18
480 SH. TYCO INTERNATIONAL LTD. P 2010-07-26 2010-10-18
600 SH. UNION PACIFIC CORP. P 2009-07-20 2010-05-13
130 SH. UNION PACIFIC CORP. P 2009-07-20 2010-05-14
10 SH. UNION PACIFIC CORP. P 2009-08-14 2010-05-14
40 SH. UNION PACIFIC CORP. P 2009-09-08 2010-05-14
40 SH. UNION PACIFIC CORP. P 2010-03-05 2010-05-14
5 SH. UNION PACIFIC CORP. P 2010-03-25 2010-05-14
25 SH. UNION PACIFIC CORP. P 2010-03-25 2010-05-17
30 SH. UNION PACIFIC CORP. P 2010-04-19 2010-05-17
125 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-04-02 2010-02-04
170 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-04-20 2010-02-04
250 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-05-04 2010-02-04
5 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-07-20 2010-02-04
165 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-07-20 2010-02-05
10 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-08-14 2010-02-05
40 SH. UNITED PARCEL SERVICE INC. - CLASS B P 2009-09-08 2010-02-05
550 SH. WALGREEN CO. P 2010-02-04 2010-08-10
50 SH. WALGREEN CO. P 2010-02-04 2010-08-11
400 SH. WALGREEN CO. P 2010-02-05 2010-08-11
100 SH. WALGREEN CO. P 2010-02-05 2010-08-12
350 SH. WALGREEN CO. P 2010-02-08 2010-08-12
150 SH. WALGREEN CO. P 2010-02-08 2010-08-13
90 SH. WALGREEN CO. P 2010-03-05 2010-08-13
80 SH. WALGREEN CO. P 2010-03-25 2010-08-13
50 SH. WALGREEN CO. P 2010-04-19 2010-08-13
458 SH. WAL-MART STORES INC. P 2009-03-19 2010-04-16
42 SH. WAL-MART STORES INC. P 2009-04-20 2010-04-16
1,441 SH. WEATHERFORD INTERNATIONAL LTD. P 2009-04-02 2010-05-13
640 SH. WEATHERFORD INTERNATIONAL LTD. P 2009-04-20 2010-05-13
169 SH. WEATHERFORD INTERNATIONAL LTD. P 2009-07-20 2010-05-13
801 SH. WEATHERFORD INTERNATIONAL LTD. P 2009-07-20 2010-05-14
80 SH. WEATHERFORD INTERNATIONAL LTD. P 2009-08-14 2010-05-14
220 SH. WEATHERFORD INTERNATIONAL LTD. P 2009-09-08 2010-05-14
430 SH. WEATHERFORD INTERNATIONAL LTD. P 2010-04-19 2010-05-14
$125,000 AMGEN INC. 0.125% 2-1-11 P 2009-05-21 2010-07-13
$625,000 FEDERAL HOME LOAN BANK 5.25% 9-13-13 P 2009-04-28 2010-07-08
$55,000 FEDERAL HOME LOAN BANK 5% 1-15-15 P 2008-01-03 2010-01-15
$44,353.05 FED HOME LOAN MTGE POOL 5.5% 6-1-22 P 2007-05-14 2010-12-15
$12,856.04 FED HOME LOAN MTGE POOL 4% 6-1-18 P 2003-06-25 2010-12-15
$13,262.86 FED HOME LOAN MTGE POOL 5% 7-1-20 P 2005-09-15 2010-12-15
$31,308.66 FED HOME LOAN MTGE POOL 5% 5-15-31 P 2007-11-16 2010-12-15
$18,758.01 FED HOME LOAN MTGE POOL 5% 6-1-34 P 2004-10-19 2010-12-15
$3,976.29 FED NATL MTGE ASSOC POOL 5.5% 6-25-18 P 2007-07-13 2010-12-27
$8,265.38 FED NATL MTGE ASSOC POOL 5.5% 2-1-17 P 2002-09-19 2010-12-27
$18,876.93 FED NATL MTGE ASSOC POOL 5% 3-1-18 P 2008-02-12 2010-12-27
$15,933.17 FED NATL MTGE ASSOC POOL 5% 6-1-19 P 2006-01-04 2010-12-27
$16,390.18 FED NATL MTGE ASSOC POOL 5.5% 11-1-22 P 2008-03-14 2010-12-27
$31,073.69 FED NATL MTGE ASSOC POOL 5% 5-1-28 P 2008-04-29 2010-12-27
$21,975.67 FED NATL MTGE ASSOC POOL 5.5% 10-25-32 P 2008-05-29 2010-12-27
$22,238.95 FED NATL MTGE ASSOC POOL 5.5% 4-1-34 P 2006-01-04 2010-12-27
$23,851.07 FED NATL MTGE ASSOC POOL 5.255% 6-1-34 P 2006-10-18 2010-12-27
$13,155.05 FED NATL MTGE ASSOC POOL 5% 5-1-35 P 2008-05-29 2010-12-27
$14,150.10 FED NATL MTGE ASSOC POOL 5.5% 10-1-35 P 2005-10-18 2010-12-27
$7,519.70 GNME POOL 3.75% 4-20-34 P 2004-03-16 2010-12-20
$125,000 MEDTRONIC INC. 1.5% 4-15-11 P 2009-05-12 2010-01-12
$125,000 TRANSOCEAN INC. 1.5% 12-15-37 P 2009-06-05 2010-05-28
$125,000 U.S. TREASURY NOTE 1.125% 6-30-11 P 2010-01-12 2010-02-10
$50,000 U.S. TREASURY NOTE 3.125% 9-30-13 P 2008-10-06 2010-07-08
$50,000 U.S. TREASURY NOTE 4.5% 11-15-15 P 2008-11-21 2010-11-03
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 20,228   5,542 14,686
b 14,728   4,117 10,611
c 16,251   23,929 -7,678
d 10,157   15,065 -4,908
e 812   1,165 -353
1,219   1,775 -556
17,182   24,848 -7,666
1,636   2,397 -761
1,636   2,367 -731
27,355   21,057 6,298
495   360 135
14,412   11,238 3,174
12,224   9,530 2,694
2,191   1,477 714
8,790   5,910 2,880
2,776   2,196 580
5,753   4,575 1,178
8,241   6,497 1,744
1,741   1,591 150
4,062   3,602 460
4,063   4,214 -151
2,205   1,889 316
10,222   8,701 1,521
986   845 141
10,613   9,364 1,249
2,713   2,405 308
20,373   12,020 8,353
19,110   11,776 7,334
10,570   6,699 3,871
30,096   24,369 5,727
127   111 16
15,180   12,776 2,404
1,323   1,128 195
3,781   3,044 737
29,261   31,368 -2,107
1,219   1,308 -89
10,895   11,774 -879
3,632   3,884 -252
9,684   11,070 -1,386
8,119   9,687 -1,568
5,799   7,093 -1,294
2,320   2,957 -637
2,088   2,810 -722
10,670   11,310 -640
4,344   4,672 -328
11,660   13,015 -1,355
2,607   2,807 -200
19,892   11,594 8,298
4,086   2,678 1,408
17,502   11,911 5,591
1,731   1,177 554
9,533   6,671 2,862
934   758 176
2,804   2,118 686
5,421   4,763 658
26,501   20,531 5,970
8,068   7,556 512
5,086   4,815 271
12,576   11,788 788
19,709   20,703 -994
21,949   22,773 -824
6,001   6,211 -210
3,201   3,459 -258
1,600   1,799 -199
1,600   1,883 -283
219   151 68
2,190   1,552 638
5,255   3,768 1,487
3,285   2,437 848
5,483   4,061 1,422
10,966   7,849 3,117
1,097   792 305
5,466   3,959 1,507
3,279   2,495 784
8,123   5,823 2,300
21,351   17,380 3,971
1,857   1,602 255
1,160   1,026 134
3,424   3,079 345
15,121   3,893 11,228
2,852   1,052 1,800
17,200   6,630 10,570
15,211   11,648 3,563
20,238   16,036 4,202
10,445   9,715 730
1,958   1,796 162
1,110   1,076 34
1,503   1,456 47
1,960   1,958 2
25,264   14,470 10,794
2,078   1,382 696
13,185   14,273 -1,088
13,185   14,604 -1,419
1,298   1,461 -163
9,084   10,551 -1,467
5,191   6,044 -853
1,298   1,545 -247
2,595   3,096 -501
10,443   12,385 -1,942
6,488   7,740 -1,252
259   303 -44
2,076   2,604 -528
260   314 -54
1,557   1,884 -327
7,526   7,562 -36
6,692   6,779 -87
26,782   26,644 138
3,456   3,468 -12
4,320   4,339 -19
21,632   24,159 -2,527
2,678   3,020 -342
26,783   30,414 -3,631
2,678   3,080 -402
2,678   2,933 -255
17,488   19,948 -2,460
30,860   22,685 8,175
13,497   9,950 3,547
10,862   8,643 2,219
21,918   17,286 4,632
8,146   6,482 1,664
20,591   17,970 2,621
4,467   3,899 568
13,382   13,099 283
2,738   2,674 64
10,124   10,053 71
10,037   9,993 44
61   67 -6
1,342   1,484 -142
4,205   4,441 -236
2,603   3,112 -509
2,203   2,662 -459
2,203   2,689 -486
12,475   12,143 332
3,234   3,060 174
7,066   6,661 405
8,385   7,710 675
5,312   3,875 1,437
9,308   6,861 2,447
6,743   4,993 1,750
5,385   4,428 957
3,627   2,992 635
14,253   11,967 2,286
1,654   1,356 298
2,432   2,276 156
15,044   13,882 1,162
13,163   12,241 922
1,855   1,749 106
12,982   11,881 1,101
9,273   8,469 804
3,709   3,701 8
14,895   14,803 92
1,862   1,829 33
7,440   7,314 126
1,116   1,117 -1
2,976   2,976 0
1,488   1,602 -114
744   801 -57
14,142   14,102 40
4,515   4,453 62
18,059   17,218 841
44,716   32,922 11,794
9,760   7,133 2,627
751   585 166
3,003   2,363 640
3,003   2,698 305
375   370 5
1,899   1,849 50
2,279   2,312 -33
7,251   6,094 1,157
9,861   9,207 654
14,502   12,918 1,584
290   252 38
9,698   8,301 1,397
588   535 53
2,351   2,106 245
15,479   19,957 -4,478
1,390   1,814 -424
11,119   14,635 -3,516
2,824   3,659 -835
9,885   12,456 -2,571
4,220   5,338 -1,118
2,532   3,192 -660
2,251   2,848 -597
1,407   1,840 -433
25,119   22,644 2,475
2,303   2,145 158
22,951   15,616 7,335
10,193   8,525 1,668
2,692   3,277 -585
12,527   15,533 -3,006
1,251   1,478 -227
3,440   4,347 -907
6,725   7,379 -654
123,625   116,719 6,906
700,000   695,519 4,481
55,000   55,447 -447
44,353   44,318 35
12,856   13,049 -193
13,263   13,321 -58
31,309   31,206 103
18,758   18,667 91
3,976   3,910 66
8,265   8,499 -234
18,877   19,122 -245
15,933   15,814 119
16,390   16,703 -313
31,074   30,850 224
21,976   21,663 313
22,239   22,107 132
23,851   23,497 354
13,155   12,670 485
14,150   14,059 91
7,520   7,610 -90
128,173   118,688 9,485
114,063   112,891 1,172
126,089   125,771 318
53,234   51,625 1,609
58,346   56,188 2,158
40,930     40,930
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       14,686
b       10,611
c       -7,678
d       -4,908
e       -353
      -556
      -7,666
      -761
      -731
      6,298
      135
      3,174
      2,694
      714
      2,880
      580
      1,178
      1,744
      150
      460
      -151
      316
      1,521
      141
      1,249
      308
      8,353
      7,334
      3,871
      5,727
      16
      2,404
      195
      737
      -2,107
      -89
      -879
      -252
      -1,386
      -1,568
      -1,294
      -637
      -722
      -640
      -328
      -1,355
      -200
      8,298
      1,408
      5,591
      554
      2,862
      176
      686
      658
      5,970
      512
      271
      788
      -994
      -824
      -210
      -258
      -199
      -283
      68
      638
      1,487
      848
      1,422
      3,117
      305
      1,507
      784
      2,300
      3,971
      255
      134
      345
      11,228
      1,800
      10,570
      3,563
      4,202
      730
      162
      34
      47
      2
      10,794
      696
      -1,088
      -1,419
      -163
      -1,467
      -853
      -247
      -501
      -1,942
      -1,252
      -44
      -528
      -54
      -327
      -36
      -87
      138
      -12
      -19
      -2,527
      -342
      -3,631
      -402
      -255
      -2,460
      8,175
      3,547
      2,219
      4,632
      1,664
      2,621
      568
      283
      64
      71
      44
      -6
      -142
      -236
      -509
      -459
      -486
      332
      174
      405
      675
      1,437
      2,447
      1,750
      957
      635
      2,286
      298
      156
      1,162
      922
      106
      1,101
      804
      8
      92
      33
      126
      -1
      0
      -114
      -57
      40
      62
      841
      11,794
      2,627
      166
      640
      305
      5
      50
      -33
      1,157
      654
      1,584
      38
      1,397
      53
      245
      -4,478
      -424
      -3,516
      -835
      -2,571
      -1,118
      -660
      -597
      -433
      2,475
      158
      7,335
      1,668
      -585
      -3,006
      -227
      -907
      -654
      6,906
      4,481
      -447
      35
      -193
      -58
      103
      91
      66
      -234
      -245
      119
      -313
      224
      313
      132
      354
      485
      91
      -90
      9,485
      1,172
      318
      1,609
      2,158
      40,930
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 2 228,238
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 597,115 15,554,896 0.038388
2008 1,126,000 16,026,681 0.070258
2007 1,411,198 22,483,233 0.062767
2006 1,252,640 23,481,875 0.053345
2005 1,297,043 22,384,416 0.057944
2 Total of line 1, column (d) ...................... 2 0.282702
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 0.056540
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 15,462,407
5 Multiply line 4 by line 3....................... 5 874,244
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,613
7 Add lines 5 and 6......................... 7 879,857
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,069,591
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 5,613
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 5,613
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,613
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 36,732
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 36,732
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 31,119
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet31,119 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)bulletNY
    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 addressbulletCEHUGHESFOUNDATION.ORG
    14
    The books are in care ofbulletARTHUR FRIEDMAN CPA Telephone no.bullet (212) 689-0288
    Located atbullet280 MADISON AVENUE - 1007NEW YORKNY ZIP+4bullet10016
    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
     
     
    .........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
    BREWSTER WADDELL PRESIDENT, DIRECTOR
    2.00     		0 0 0
    4427 BLACK OTTER TRAIL
    DALLAS,TX75287
    KAREN AG LOUD VICE PRESIDENT, DIRECTOR
    2.00     		0 0 0
    10 LA TRAVIATA
    SANTA FE,NM87506
    WILLIAM G KIRKLAND TREASURER, DIRECTOR
    2.00     		0 0 0
    17 EAST 84TH STREET
    NEW YORK,NY10028
    LAUREN KATZOWITZ SHENFIELD SECRETARY, ASSISTANT TREASURER
    20.00     		0 0 0
    PO BOX 20486
    NEW YORK,NY10021
    CHRISTOPHER ANGELL DIRECTOR
    2.00     		0 0 0
    1133 AVENUE OF THE AMERICAS
    NEW YORK,NY10036
    BIBI CONRAD DIRECTOR
    2.00     		0 0 0
    1088 PARK AVENUE
    NEW YORK,NY10128
    SANDRA H WADDELL DIRECTOR
    2.00     		0 0 0
    130 NORTH FLORES STREET
    LOS ANGELES,CA90048
    THEODORE H WADDELL DIRECTOR
    2.00     		0 0 0
    4621 BOBBITT DRIVE
    DALLAS,TX75229
    WENDY WILLIAMSON DIRECTOR
    2.00     		0 0 0
    1055 WASHINGTON BOULEVARD
    STAMFORD,CT06901
    SUSAN JOHNSON MCLEAN DIRECTOR
    2.00     		0 0 0
    100 SPRUCE ROAD
    AMBLER,PA19002
    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
    PHILANTHROPY ADVISORS LLC FOUNDATION MANAGEMENT 138,000
    PO BOX 20486
    NEW YORK,NY100210068
    BESSEMER INVESTMENT SERVICES INVESTMENT MANAGEMENT SERVICES 94,605
    630 FIFTH AVENUE
    NEW YORK,NY101110333
    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 NO DIRECT CHARITABLE ACTIVITIES 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 NO PROGRAM-RELATED INVESTMENTS 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
    14,378,800
    b
    Average of monthly cash balances.......................
    1b
    1,215,100
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    103,975
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,697,875
    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
    15,697,875
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    235,468
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,462,407
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    773,120
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    773,120
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    5,613
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,613
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    767,507
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    767,507
    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
    767,507
    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
    1,069,591
    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
    1,069,591
    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
    5,613
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,063,978
    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 7 767,507
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 234,150
    b From 2006....... 136,210
    c From 2007....... 293,602
    d From 2008....... 329,120
    e From 2009....... 278,758
    fTotal of lines 3a through e......... 1,271,840
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,069,591
    a Applied to 2009, but not more than line 2a 0
    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..... 767,507
    e Remaining amount distributed out of corpus 302,084
    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 1,573,924
    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 ..........     		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) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		234,150
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		1,339,774
    10 Analysis of line 9:
    a Excess from 2006.... 136,210
    b Excess from 2007.... 293,602
    c Excess from 2008.... 329,120
    d Excess from 2009.... 278,758
    e Excess from 2010.... 302,084
    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:
    LAUREN KATZOWITZ SHENFIELD PHILANTH
    PO BOX 20486
    NEW YORK,NY100210068
    (212) 517-8108
    bThe form in which applications should be submitted and information and materials they should include:
    NY/NJ COMMON APPLICATION FORM.
    cAny submission deadlines:
    2 GRANT CYCLES PER YEAR - SPRING AND FALL.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALVIN AILEY DANCE FOUNDATION INC
    405 WEST 55TH STREET
    NEW YORK,NY10019     		N/A PUBLIC GENERAL USE 25,000
    THE ANDREW SHAW MEMORIAL TRUST
    PO BOX 2315
    DARIEN,CT06820     		N/A PUBLIC GENERAL USE 1,000
    ASHOKA INNOVATORS FOR THE PUBLIC
    1700 NORTH MOORE STREET
    ARLINGTON,VA22209     		N/A PUBLIC GENERAL USE 2,000
    A BETTER CHANCE IN DARIEN INC
    PO BOX 3204
    DARIEN,CT06820     		N/A PUBLIC GENERAL USE 2,500
    WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC
    161 AVENUE OF THE AMERICAS
    NEW YORK,NY10013     		N/A PUBLIC GENERAL USE 25,000
    THE CENTER FOR CONSTITUTIONAL RIGHTS
    666 BROADWAY
    NEW YORK,NY10012     		N/A PUBLIC GENERAL USE 25,000
    CENTRAL PARK CONSERVANCY INC
    14 EAST 60TH STREET
    NEW YORK,NY10014     		N/A PUBLIC GENERAL USE 26,000
    THE CHESTER FUND FOR EDUCATION AND THE ARTS INC
    510 WESTMINSTER AVENUE
    SWARTHMORE,PA19081     		N/A PUBLIC GENERAL USE 4,000
    CHIAPAS INTERNATIONAL
    PO BOX 9053
    DALLAS,TX75209     		N/A PUBLIC GENERAL USE 29,000
    COMMUNITY FUNDS INC THE NEW YORK COMMUNITY TRUST
    909 THIRD AVENUE
    NEW YORK,NY10022     		N/A PUBLIC GENERAL USE 50,000
    CORNELL UNIVERSITY
    130 EAST SENECA STREET
    ITHACA,NY14850     		N/A PUBLIC GENERAL USE 2,500
    DALLAS MUSEUM OF ART
    1717 NORTH HARWOOD STREET
    DALLAS,TX75201     		N/A PUBLIC GENERAL USE 500
    DALLAS SYMPHONY ASSOCIATION
    2301 FLORA STREET
    DALLAS,TX75201     		N/A PUBLIC GENERAL USE 5,000
    DRUG POLICY ALLIANCE
    70 WEST 36TH STREET
    NEW YORK,NY10018     		N/A PUBLIC GENERAL USE 50,000
    ENVIRONMENTAL DEFENSE FUND INC
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		N/A PUBLIC GENERAL USE 100,000
    FIDELITY CHARITABLE GIFT FUND
    PO BOX 55158
    BOSTON,MA02205     		N/A PUBLIC GENERAL USE 10,000
    THE FOUNDATION CENTER
    79 FIFTH AVENUE
    NEW YORK,NY10003     		N/A PUBLIC GENERAL USE 2,000
    GLOBAL GREENGRANTS FUND
    2840 WILDERNESS PLACE
    BOULDER,CO80301     		N/A PUBLIC GENERAL USE 25,000
    GRAMEEN FOUNDATION USA - RECALL OF 2009 UNEXPENDED GRANT
    50 F STREET NW
    WASHINGTON,DC20001     		N/A PUBLIC GENERAL USE -40,000
    HARVARD UNIVERSITY
    79 JOHN F KENNEDY STREET
    CAMBRIDGE,MA02138     		N/A PUBLIC GENERAL USE 7,000
    ICIVICS INC
    600 NEW JERSEY AVENUE
    WASHINGTON,DC20001     		N/A PUBLIC GENERAL USE 50,000
    JAZZ AT LINCOLN CENTER INC
    33 WEST 60TH STREET
    NEW YORK,NY10023     		N/A PUBLIC GENERAL USE 50,000
    JOHN HOPKINS BERMAN INSTITUTE OF BIOETHICS
    201 NORTH CHARLES STREET
    BALTIMORE,MD21201     		N/A PUBLIC GENERAL USE 5,000
    JOHNS HOPKINS SCHOOL OF ADVANCED INTERNATIONAL STUDIES
    1740 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		N/A PUBLIC GENERAL USE 5,000
    THE LEGAL AID SOCIETY
    199 WATER STREET
    NEW YORK,NY10038     		N/A PUBLIC GENERAL USE 60,000
    LEGAL OUTREACH INC
    36-14 35TH STREET
    LONG ISLAND CITY,NY11106     		N/A PUBLIC GENERAL USE 10,000
    THE METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		N/A PUBLIC GENERAL USE 2,000
    NATIONAL TRUST FOR HISTORIC PRESERVATION
    1785 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		N/A PUBLIC GENERAL USE 50,000
    NATIONAL WOMEN'S LAW CENTER
    11 DUPONT CIRCLE NW
    WASHINGTON,DC20036     		N/A PUBLIC GENERAL USE 25,000
    NATURAL RESOURCES DEFENSE COUNCIL INC
    40 WEST 20TH STREET
    NEW YORK,NY10011     		N/A PUBLIC GENERAL USE 50,000
    THE FUND FOR NEW CITIZENS AT THE NEW YORK COMMUNITY TRUST
    909 THIRD AVENUE
    NEW YORK,NY10022     		N/A PUBLIC GENERAL USE 25,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST INC
    151 WEST 30TH STREET
    NEW YORK,NY10001     		N/A PUBLIC GENERAL USE 25,000
    NEW YORK LEGAL ASSISTANCE GROUP INC
    450 WEST 33RD STREET
    NEW YORK,NY10001     		N/A PUBLIC GENERAL USE 25,000
    NORTH COUNTRY SCHOOL FOR CAMP TREETOPS
    PO BOX 187
    LAKE PLACID,NY12946     		N/A PUBLIC GENERAL USE 5,000
    NORTHRIDGE HOSPITAL FOUNDATION
    18300 ROSCOE BLVD
    NORTHRIDGE,CA91325     		N/A PUBLIC GENERAL USE 5,000
    PARTNERS IN HEALTH
    888 COMMONWEATH AVENUE
    BOSTON,MA02215     		N/A PUBLIC GENERAL USE 5,000
    PRINCETON UNIVERSITY
    PO BOX 46
    PRINCETON,NJ08544     		N/A PUBLIC GENERAL USE 1,500
    ROCKEFELLER PHILANTHROPY ADVISORS
    6 WEST 48TH STREET
    NEW YORK,NY10036     		N/A PUBLIC GENERAL USE 25,000
    RUMSEY HALL SCHOOL INC
    201 ROMFORD ROAD
    WASHINGTON DEPOT,CT06794     		N/A PUBLIC GENERAL USE 1,000
    SANTA FE OPERA
    PO BOX 2408
    SANTA FE,NM87504     		N/A PUBLIC GENERAL USE 5,000
    SCHOOL FOR ADVANCED RESEARCH
    PO BOX 2188
    SANTA FE,NM87504     		N/A PUBLIC GENERAL USE 3,000
    SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    678 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		N/A PUBLIC GENERAL USE 50,000
    SMILE TRAIN INC
    41 MADISON AVENUE
    NEW YORK,NY10010     		N/A PUBLIC GENERAL USE 500
    SOCIETY OF AMERICAN LAW TEACHERS
    225 EASTVIEW DRIVE
    CENTRAL ISLIP,NY11722     		N/A PUBLIC GENERAL USE 25,000
    TEACH FOR AMERICA INC
    714 MARKET STREET
    PHILADELPHIA,PA19106     		N/A PUBLIC GENERAL USE 5,000
    UNITED WAY OF NEW YORK CITY
    2 PARK AVENUE
    NEW YORK,NY10016     		N/A PUBLIC GENERAL USE 25,000
    WILLIAM SMITH COLLEGE
    615 SOUTH MAIN STREET
    GENEVA,NY14456     		N/A PUBLIC GENERAL USE 2,500
    Total .................................bullet 3a 892,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    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 1,474  
    4 Dividends and interest from securities....     14 448,329  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 228,238  
    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).. 0 678,041 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13678,041
    (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:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDITING AND TAX RETURN PREPARATION FEES 10,000 10,000   0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS, 5.6%, 5-15-11 101,969 101,969
    BERKSHIRE HATHAWAY INC., 3.2%, 2-11-15 128,985 128,985
    DEUTSCHE BANK AG, 3.45%, 3-30-15 128,065 128,065
    GENERAL ELECTRIC CAPITAL CORP., 3%, 12-9-11 51,202 51,202
    IBM INTERNATIONAL GROUP CAPITAL, 5.05%, 10-22-12 53,751 53,751
    JPMORGAN CHASE CO., 5.375%, 10-1-12 53,650 53,650
    KEY BANK NA FDIC TLGP GUARANTEED SENIOR NOTE, 3.2%, 6-15-12 103,738 103,738
    MERCK & CO. INC., 4%, 6-30-15 128,748 128,748
    NOVARTIS CAPITAL CORP., 4.125%, 2-10-14 133,399 133,399
    PFIZER INC., 5.35%, 3-15-15 140,520 140,520
    REGIONS BANK AL MTN FDIC TLGP GUARANTEED SENIOR NOTE, 3.25%, 12-9-11 51,322 51,322
    TYCO INTERNATIONAL FINANCE, 3.375%, 10-15-15 102,187 102,187
    UNITED PARCEL SERVICE INC., 3.875%, 4-1-14 133,178 133,178
    WAL-MART STORES INC., 3.2%, 5-15-14 130,741 130,741

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACE LIMITED 123,255 123,255
    AMERICAN EXPRESS CO. 142,666 142,666
    APACHE CORP. 133,538 133,538
    ARCHER DANIELS MIDLAND CO. 112,800 112,800
    BOEING COMPANY 77,007 77,007
    CISCO SYSTEMS INC. 92,734 92,734
    EMC CORP. 109,393 109,393
    GENERAL ELECTRIC CO. 169,548 169,548
    GENERAL MOTORS CO. 73,720 73,720
    GOOGLE INC. 117,012 117,012
    HESS CORP. 153,463 153,463
    HONEYWELL INTERNATIONAL INC. 130,774 130,774
    INGERSOLL-RAND PUBLIC LTD. 165,757 165,757
    INTERNATIONAL PAPER CO. 126,966 126,966
    JPMORGAN CHASE & CO. 130,229 130,229
    KOHL'S CORP. 102,703 102,703
    KRAFT FOODS INC. 126,040 126,040
    LOWES COMPANIES INC. 73,334 73,334
    MASTERCARD - CLASS A 112,055 112,055
    MICROSOFT CORPORATION 159,645 159,645
    MORGAN STANLEY GROUP INC. 118,635 118,635
    MOTOROLA INC. 77,095 77,095
    NATIONAL OILWELL VARCO INC. 205,785 205,785
    OLD WESTBURY GLOBAL OPPORTUNITIES FUND 1,922,778 1,922,778
    OLD WESTBURY GLOBAL SMALL & MID CAP FUND 2,192,107 2,192,107
    OLD WESTBURY NON-US LARGE CAP FUND 1,817,952 1,817,952
    OLD WESTBURY REAL RETURN FUND 1,061,351 1,061,351
    PFIZER INC. 120,819 120,819
    PG&E CORP. 107,640 107,640
    PROCTER & GAMBLE CO. 98,232 98,232
    QUALCOMM INC. 86,607 86,607
    ST. JUDE MEDICAL INC. 147,487 147,487
    T. ROWE PRICE GROUP INC. 114,236 114,236
    TEVA PHARMACEUTICAL INDUSTRIES LTD. ADR 112,392 112,392
    WAL-MART STORES INC. 114,763 114,763
    WALT DISNEY HOLDING CO. 110,242 110,242

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    US Government Securities - End of Year Book Value:

    3,291,197
    US Government Securities - End of Year Fair Market Value:

    3,291,197
    State & Local Government Securities - End of Year Book Value:


    237,529
    State & Local Government Securities - End of Year Fair Market Value:


    237,529


    TY 2010 OtherAssetsSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 35,345 31,886 31,886
    DIVIDENDS RECEIVABLE 2,742 6,154 6,154
    FEDERAL EXCISE TAX REFUND RECEIVABLE 40,539 31,124 31,124
    INVESTMENT REDEMPTIONS RECEIVABLE 2,446,549    
    PREPAID EXPENSES 2,574 780 780
    PURCHASED INTEREST   489 489


    TY 2010 OtherExpensesSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEMBERSHIP DUES 5,490 0   5,490
    INSURANCE 3,124 781   2,343
    WEBSITE COSTS 1,900 0   1,900


    TY 2010 OtherIncreasesSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Description Amount
    INCREASE IN UNREALIZED APPRECIATION 1,096,505


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT ADVISORY FEES PAYABLE 6,590 7,715
    MISCELLANEOUS EXPENSES PAYABLE 5,978 2,565


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 94,605 94,605   0
    PHILANTHROPY ADVISORS LLC MANAGEMENT FEES 138,000 0   138,000


    TY 2010 TaxesSchedule
    Name:
    THE CHARLES EVANS HUGHES MEMORIAL
    FOUNDATION INC
    EIN: 13-6159445
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 9,415 0   0
    NEW YORK STATE FILING FEE 750 0   750
    FOREIGN TAX WITHHELD ON DIVIDENDS 2,239 2,239   0