TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0052

2010

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

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

Amended returnAddress changeName change

Name of foundation
KSD FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)50 CONSTITUTION HILL WEST Room/suite

City or town, state, and ZIP code
PRINCETON, NJ08540

A Employer identification number

22-3204897

B Telephone number (see page 10 of the instructions)

(609) 924-9678

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$1,209,789J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)	49,855
2	Check
3	Interest on savings and temporary cash investments	89		89
4	Dividends and interest from securities......	13,508		13,508
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		31,767
b	Gross sales price for all assets on line 6a 566,500
7	Capital gain net income (from Part IV, line 2)...			60,601
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........	95,219		74,198
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).......		5,390	0	5,390
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		55	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		6,548	6,548	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	11,993		6,548	5,390
25	Contributions, gifts, grants paid........	67,995			67,995
26	Total expenses and disbursements. Add lines 24 and 25	79,988		6,548	73,385
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	15,231
b	Net investment income (if negative, enter -0-)			67,650
c	Adjusted net income (if negative, enter -0-)...

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

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

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	7,782	3,984	3,984
	2	Savings and temporary cash investments..........	60,526	77,136	77,136
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	387,525	458,809	524,742
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	657,082	588,217	603,927
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,112,915	1,128,146	1,209,789
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,112,915	1,128,146
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	1,112,915	1,128,146
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,112,915	1,128,146

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	1,112,915
2	Enter amount from Part I, line 27a......................	2	15,231
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	1,128,146
5	Decreases not included in line 2 (itemize)	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	1,128,146

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	FLSMIDTH & CO. A/S SPONSORED ADR CMN	P	2009-08-24	2010-01-05
b	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-07	2010-01-07
c	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-07	2010-01-08
d	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-10	2010-01-08
e	WAL-MART DE MEXICO SAB DE CV SPONSORED ADR REPSTG SER V SHS	P	2008-11-18	2010-01-13
	WAL-MART DE MEXICO SAB DE CV SPONSORED ADR REPSTG SER V SHS	P	2009-01-23	2010-01-13
	WAL-MART DE MEXICO SAB DE CV SPONSORED ADR REPSTG SER V SHS	P	2009-01-23	2010-01-14
	NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS)	P	2007-06-22	2010-01-19
	ITT CORPORATION CMN	P	2009-08-26	2010-01-20
	SABMILLER PLC SPONSORED ADR	P	2007-11-28	2010-01-20
	RAYTHEON CO CMN	P	2009-08-26	2010-01-28
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-10	2010-01-29
	MERCK & CO., INC. CMN	D	1993-12-01	2010-02-01
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-10	2010-02-01
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-10	2010-02-01
	DEUTSCHE BOERSE AG UNPOSNORED ADR CMN	P	2009-04-16	2010-02-03
	TOYOTA MOTOR CORPORATION SPON ADR	P	2007-05-03	2010-02-03
	DEUTSCHE BOERSE AG UNPOSNORED ADR CMN	P	2009-04-16	2010-02-04
	DEUTSCHE BOERSE AG UNPOSNORED ADR CMN	P	2009-04-22	2010-02-04
	DEUTSCHE BOERSE AG UNPOSNORED ADR CMN	P	2009-05-08	2010-02-04
	DEUTSCHE BOERSE AG UNPOSNORED ADR CMN	P	2009-06-05	2010-02-04
	DEUTSCHE BOERSE AG UNPOSNORED ADR CMN	P	2009-10-20	2010-02-04
	STANLEY WORKS CMN	P	2009-08-26	2010-02-11
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-10	2010-02-11
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-10	2010-02-12
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-30	2010-02-12
	BURLINGTON NORTHERN SANTA FE CORP	P	2009-08-26	2010-02-16
	SCHLUMBERGER LTD CMN	P	2009-08-26	2010-02-25
	XTO ENERGY INC. CMN	P	2009-08-26	2010-02-25
	PARKER-HANNIFIN CORP. CMN	P	2009-08-26	2010-03-04
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-15	2010-03-16
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-03-16
	NOVO-NORDISK A/S ADR ADR CMN	P	2007-02-28	2010-03-17
	OMNICOM GROUP CMN	P	2009-08-26	2010-03-22
	ALCON, INC. CMN	P	2009-08-26	2010-03-22
	COCA-COLA HELLENIC BOTTLING CO SPONSORED ADR CMN	P	2007-05-31	2010-03-24
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-03-25
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-10	2010-03-25
	COCA-COLA HELLENIC BOTTLING CO SPONSORED ADR CMN	P	2007-05-31	2010-03-26
	COCA-COLA HELLENIC BOTTLING CO SPONSORED ADR CMN	P	2007-05-31	2010-03-29
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-30	2010-04-06
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2009-01-29	2010-04-09
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2008-12-30	2010-04-09
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-10	2010-04-12
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2009-01-29	2010-04-12
	NATIONAL BANK OF GREECE - ADR SPONSORED ADR CMN	P	2009-12-17	2010-04-12
	ALCON, INC. CMN	P	2009-08-26	2010-04-16
	BARD C R INC N J CMN	P	2009-08-26	2010-04-16
	WAL-MART DE MEXICO SAB DE CV SPONSORED ADR REPSTG SER V SHS	P	2009-01-23	2010-04-21
	NOKIA CORP SPON ADR SPONSORED ADR CMN	P	2008-09-18	2010-04-22
	NOKIA CORP SPON ADR SPONSORED ADR CMN	P	2008-05-16	2010-04-22
	NOKIA CORP SPON ADR SPONSORED ADR CMN	P	2008-12-09	2010-04-22
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-11	2010-04-26
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-10	2010-04-26
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-11	2010-04-27
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-12	2010-04-27
	FANUC LIMITED UNSPONSORED ADR CMN	P	2008-12-17	2010-04-28
	SCHLUMBERGER LTD CMN	P	2008-12-09	2010-04-30
	ALCON, INC. CMN	P	2009-08-26	2010-05-06
	STANLEY BLACK & DECKER INC CMN	P	2009-08-26	2010-05-13
	PARKER-HANNIFIN CORP. CMN	P	2009-08-26	2010-05-13
	LAFARGE SPONSORED ADR CMN	P	2010-01-28	2010-05-20
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-10	2010-06-10
	BRITISH SKY BROADCASTING GROUP PLC AMERICAN DEPOSITARY SHARES (1 ADS = 4 ORD	P	2008-09-30	2010-06-16
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-06-29
	VERBUND AG SPONSORED ADR CMN	P	2008-04-22	2010-06-30
	VERBUND AG SPONSORED ADR CMN	P	2009-03-13	2010-06-30
	NOVO-NORDISK A/S ADR ADR CMN	P	2007-02-28	2010-06-30
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-06-30
	BRITISH SKY BROADCASTING GROUP PLC AMERICAN DEPOSITARY SHARES (1 ADS = 4 ORD	P	2008-09-30	2010-06-30
	VERBUND AG SPONSORED ADR CMN	P	2009-03-13	2010-07-01
	VERBUND AG SPONSORED ADR CMN	P	2009-03-13	2010-07-01
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-07-01
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-07-02
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-07-06
	INTEL CORPORATION CMN	P	2007-10-25	2010-07-07
	INTEL CORPORATION CMN	P	2007-10-31	2010-07-07
	INTEL CORPORATION CMN	P	2008-10-31	2010-07-07
	VERBUND AG SPONSORED ADR CMN	P	2009-03-13	2010-07-07
	VERBUND AG SPONSORED ADR CMN	P	2009-03-16	2010-07-07
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-05-20	2010-07-07
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-09-16	2010-07-08
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-09-16	2010-07-09
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-09-16	2010-07-12
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-10	2010-07-13
	TURKCELL ILETISIM HIZMETLERI SPONSORED ADR CMN	P	2008-09-16	2010-07-13
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2007-12-10	2010-07-14
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2008-05-02	2010-07-14
	GILEAD SCIENCES CMN	P	2007-10-03	2010-07-15
	GILEAD SCIENCES CMN	P	2008-03-05	2010-07-15
	AKAMAI TECHNOLOGIES INC CMN	P	2009-12-17	2010-07-15
	ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN	P	2008-05-02	2010-08-02
	INTUIT INC CMN	P	2009-08-26	2010-08-05
	POTASH CORP OF SASKATCHEWAN INC	P	2007-08-23	2010-08-24
	POTASH CORP OF SASKATCHEWAN INC	P	2007-08-23	2010-08-25
	POTASH CORP OF SASKATCHEWAN INC	P	2008-09-16	2010-08-25
	QUEST DIAGNOSTICS INCORPORATED CMN	P	2009-08-26	2010-08-30
	CHINA LIFE INSURANCE CO LTD SPONSORED ADR CMN	P	2008-10-24	2010-09-07
	EXPEDITORS INTL WASH INC CMN	P	2009-08-26	2010-09-10
	LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN	P	2008-11-18	2010-09-10
	LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN	P	2008-11-20	2010-09-10
	HANG LUNG PPTYS LTD SPONSORED ADR CMN	P	2008-08-19	2010-09-13
	INTEL CORPORATION CMN	P	2008-10-31	2010-09-15
	INTEL CORPORATION CMN	P	2009-03-13	2010-09-15
	INTEL CORPORATION CMN	P	2009-09-21	2010-09-15
	CSL LIMITED UNSPONSORED ADR CMN	P	2009-01-22	2010-09-16
	CSL LIMITED UNSPONSORED ADR CMN	P	2009-01-30	2010-09-16
	CSL LIMITED UNSPONSORED ADR CMN	P	2009-01-30	2010-09-17
	CSL LIMITED UNSPONSORED ADR CMN	P	2009-03-13	2010-09-17
	CSL LIMITED UNSPONSORED ADR CMN	P	2009-03-13	2010-09-20
	CHINA LIFE INSURANCE CO LTD SPONSORED ADR CMN	P	2008-10-24	2010-09-30
	CHINA LIFE INSURANCE CO LTD SPONSORED ADR CMN	P	2008-11-12	2010-09-30
	CHINA LIFE INSURANCE CO LTD SPONSORED ADR CMN	P	2010-05-07	2010-09-30
	CHINA LIFE INSURANCE CO LTD SPONSORED ADR CMN	P	2008-10-24	2010-09-30
	NORFOLK SOUTHERN CORPORATION CMN	P	2009-08-26	2010-10-05
	BARD C R INC N J CMN	P	2009-08-26	2010-10-05
	UNITED TECHNOLOGIES CORP CMN	P	2009-08-26	2010-10-05
	UNITED TECHNOLOGIES CORP CMN	P	2010-05-13	2010-10-05
	COSTCO WHOLESALE CORPORATION CMN	P	2010-09-10	2010-10-05
	NORFOLK SOUTHERN CORPORATION CMN	P	2010-03-22	2010-10-05
	JACOBS ENGINEERING GRP CMN	P	2009-08-26	2010-10-05
	ILLINOIS TOOL WORKS CMN	P	2009-08-26	2010-10-05
	OMNICOM GROUP CMN	P	2009-08-26	2010-10-05
	DONALDSON CO INC CMN	P	2010-03-11	2010-10-05
	WESTERN UNION COMPANY (THE) CMN	P	2009-08-26	2010-10-05
	WASTE MANAGEMENT INC CMN	P	2009-08-26	2010-10-05
	BUNGE LIMITED. ORD CMN	P	2009-08-26	2010-10-05
	WESTERN UNION COMPANY (THE) CMN	P	2010-07-15	2010-10-05
	VISA INC. CMN CLASS A	P	2010-04-16	2010-10-05
	ACTIVISION BLIZZARD INC CMN	P	2009-09-08	2010-10-05
	ACTIVISION BLIZZARD INC CMN	P	2008-11-06	2010-10-05
	PRAXAIR, INC CMN SERIES	P	2009-08-26	2010-10-05
	PROCTER & GAMBLE COMPANY (THE) CMN	P	2009-08-26	2010-10-05
	BECTON DICKINSON & CO CMN	P	2009-08-26	2010-10-05
	DONALDSON CO INC CMN	P	2010-03-12	2010-10-05
	ACTIVISION BLIZZARD INC CMN	P	2009-01-27	2010-10-05
	ACTIVISION BLIZZARD INC CMN	P	2009-03-16	2010-10-05
	ACCENTURE PLC CMN	P	2009-08-26	2010-10-05
	EMC CORPORATION MASS CMN	P	2010-02-04	2010-10-05
	EMC CORPORATION MASS CMN	P	2009-12-17	2010-10-05
	EMC CORPORATION MASS CMN	P	2010-02-11	2010-10-05
	INTL BUSINESS MACHINES CORP CMN	P	2009-03-19	2010-10-05
	GILEAD SCIENCES CMN	P	2008-03-05	2010-10-05
	INTUIT INC CMN	P	2009-08-26	2010-10-05
	INTL BUSINESS MACHINES CORP CMN	P	2009-04-06	2010-10-05
	INTL BUSINESS MACHINES CORP CMN	P	2009-06-09	2010-10-05
	INTL BUSINESS MACHINES CORP CMN	P	2009-11-05	2010-10-05
	GILEAD SCIENCES CMN	P	2008-09-11	2010-10-05
	GILEAD SCIENCES CMN	P	2008-10-31	2010-10-05
	GILEAD SCIENCES CMN	P	2009-08-26	2010-10-05
	WATERS CORPORATION COMMON STOCK	P	2009-08-26	2010-10-05
	MONSANTO COMPANY CMN	P	2009-08-06	2010-10-05
	MONSANTO COMPANY CMN	P	2009-08-07	2010-10-05
	ROSS STORES,INC CMN	P	2009-08-26	2010-10-05
	ROSS STORES,INC CMN	P	2009-09-08	2010-10-05
	TEVA PHARMACEUTICAL IND LTD ADS	P	2008-10-31	2010-10-05
	TEVA PHARMACEUTICAL IND LTD ADS	P	2007-10-03	2010-10-05
	BROWN FORMAN CORP CL B CMN CLASS B	P	2010-06-07	2010-10-05
	TEVA PHARMACEUTICAL IND LTD ADS	P	2007-08-28	2010-10-05
	TEVA PHARMACEUTICAL IND LTD ADS	P	2007-11-01	2010-10-05
	EMERSON ELECTRIC CO. CMN	P	2009-08-26	2010-10-05
	NIKE CLASS-B CMN CLASS B	P	2009-08-26	2010-10-05
	OCCIDENTAL PETROLEUM CORP CMN	P	2010-02-25	2010-10-05
	QUALCOMM INC CMN	P	2008-10-31	2010-10-05
	NIKE CLASS-B CMN CLASS B	P	2010-07-07	2010-10-05
	ECOLAB INC CMN	P	2010-01-20	2010-10-05
	ECOLAB INC CMN	P	2010-02-25	2010-10-05
	QUALCOMM INC CMN	P	2008-08-01	2010-10-05
	QUALCOMM INC CMN	P	2008-10-21	2010-10-05
	QUALCOMM INC CMN	P	2008-10-24	2010-10-05
	QUALCOMM INC CMN	P	2009-01-27	2010-10-05
	QUALCOMM INC CMN	P	2009-08-26	2010-10-05
	QUALCOMM INC CMN	P	2010-04-16	2010-10-05
	EXPRESS SCRIPTS COMMON CMN	P	2008-04-28	2010-10-05
	EXPRESS SCRIPTS COMMON CMN	P	2008-10-31	2010-10-05
	FLIR SYSTEMS INC CMN	P	2009-08-26	2010-10-05
	EXPRESS SCRIPTS COMMON CMN	P	2008-09-11	2010-10-05
	ITT CORPORATION CMN	P	2009-08-26	2010-10-05
	CHECK POINT SOFTWARE TECH. LTD ORDINARY SHARES	P	2010-07-30	2010-10-05
	AMPHENOL CORP CL-A (NEW) CMN CLASS A	P	2009-10-30	2010-10-05
	WELLS FARGO & CO (NEW) CMN	P	2009-10-30	2010-10-05
	AMPHENOL CORP CL-A (NEW) CMN CLASS A	P	2009-08-26	2010-10-05
	FTI CONSULTING, INC. CMN	P	2010-06-21	2010-10-05
	AKAMAI TECHNOLOGIES INC CMN	P	2009-12-17	2010-10-05
	AKAMAI TECHNOLOGIES INC CMN	P	2010-04-16	2010-10-05
	CME GROUP INC. CMN CLASS A	P	2008-10-31	2010-10-05
	MONSANTO COMPANY CMN	P	2009-08-26	2010-10-05
	HERBALIFE LTD. CMN	P	2010-09-10	2010-10-05
	CME GROUP INC. CMN CLASS A	P	2008-06-10	2010-10-05
	CME GROUP INC. CMN CLASS A	P	2006-04-06	2010-10-05
	LOGITECH INTERNATIONAL SA ORD CMN	P	2008-04-16	2010-10-12
	LOGITECH INTERNATIONAL SA ORD CMN	P	2008-01-18	2010-10-12
	LOGITECH INTERNATIONAL SA ORD CMN	P	2008-04-16	2010-10-13
	INFOSYS TECHNOLOGIES SPON ADR SPONSORED ADR CMN -	P	2009-03-19	2010-10-13
	INFOSYS TECHNOLOGIES SPON ADR SPONSORED ADR CMN -	P	2009-02-20	2010-10-13
	EXPEDITORS INTL WASH INC CMN	P	2009-08-26	2010-10-19
	NOVO-NORDISK A/S ADR ADR CMN	P	2007-02-28	2010-10-20
	SABMILLER PLC SPONSORED ADR	P	2010-10-05	2010-10-22
	LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN	P	2008-11-20	2010-10-22
	F5 NETWORKS INC CMN	P	2010-10-05	2010-10-27
	AMAZON.COM INC CMN	P	2010-10-05	2010-10-28
	COLGATE-PALMOLIVE CO CMN	P	2010-10-05	2010-10-28
	STRYKER CORP CMN	P	2010-10-05	2010-10-29
	STRYKER CORP CMN	P	2009-08-26	2010-10-29
	ALLERGAN INC CMN	P	2009-08-26	2010-11-03
	AMAZON.COM INC CMN	P	2010-10-05	2010-11-03
	COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A	P	2010-10-05	2010-11-03
	ALLERGAN INC CMN	P	2009-08-26	2010-11-04
	SOUTHERN COPPER CORPORATION CMN	P	2009-07-17	2010-11-04
	KOMATSU LTD ADR (NEW) SPONSORED GDS CMN	P	2007-12-03	2010-11-09
	LOGITECH INTERNATIONAL SA ORD CMN	P	2008-04-16	2010-11-09
	AMAZON.COM INC CMN	P	2010-10-05	2010-11-10
	CISCO SYSTEMS, INC. CMN	P	2010-10-05	2010-11-16
	FLSMIDTH & CO. A/S SPONSORED ADR CMN	P	2009-08-24	2010-11-17
	FLSMIDTH & CO. A/S SPONSORED ADR CMN	P	2009-08-25	2010-11-17
	ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184	P	2008-01-09	2010-11-22
	ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184	P	2007-11-01	2010-11-22
	NETAPP, INC. CMN	P	2010-10-05	2010-11-24
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-28	2010-12-01
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-12	2010-12-01
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-24	2010-12-01
	INTESA SANPAOLO SPONSORED ADR CMN	P	2010-01-13	2010-12-02
	INTESA SANPAOLO SPONSORED ADR CMN	P	2009-08-28	2010-12-02
	INTESA SANPAOLO SPONSORED ADR CMN	P	2010-08-25	2010-12-02
	GOLDMAN SACHS LARGE CAP VALUE CLASS A	P	2006-03-31	2010-12-03
	INTUITIVE SURGICAL, INC. CMN	P	2010-10-05	2010-12-03
	ALLERGAN INC CMN	P	2009-08-26	2010-12-03
	EXPEDITORS INTL WASH INC CMN	P	2009-08-26	2010-12-03
	MC DONALDS CORP CMN	P	2009-05-27	2010-12-03
	TENCENT HOLDINGS LIMITED UNSPONSORED ADR CMN	P	2010-10-29	2010-12-03
	ADOBE SYSTEMS INC CMN	P	2010-10-05	2010-12-03
	SCHLUMBERGER LTD CMN	P	2009-08-26	2010-12-03
	BAKER HUGHES INC CMN	P	2010-11-10	2010-12-03
	APPLE, INC. CMN	P	2010-10-05	2010-12-03
	SHIRE LIMITED SPONSORED ADR CMN	P	2010-11-01	2010-12-03
	F5 NETWORKS INC CMN	P	2010-10-05	2010-12-03
	ROCKWELL COLLINS, INC. CMN	P	2010-10-05	2010-12-03
	F5 NETWORKS INC CMN	P	2010-10-05	2010-12-03
	JUNIPER NETWORKS, INC. CMN	P	2010-10-13	2010-12-03
	3M COMPANY CMN	P	2010-10-05	2010-12-03
	SABMILLER PLC SPONSORED ADR	P	2010-10-05	2010-12-03
	ALTERA CORP CMN	P	2010-10-05	2010-12-03
	PRAXAIR, INC CMN SERIES	P	2009-08-26	2010-12-03
	VARIAN MEDICAL SYSTEMS INC CMN	P	2009-08-26	2010-12-03
	CELGENE CORPORATION CMN	P	2010-10-05	2010-12-03
	NOVO-NORDISK A/S ADR ADR CMN	P	2010-10-05	2010-12-03
	MC DONALDS CORP CMN	P	2009-05-28	2010-12-03
	STATE STREET CORPORATION (NEW) CMN	P	2010-10-05	2010-12-03
	C.H. ROBINSON WORLDWIDE INC. CMN	P	2010-10-05	2010-12-03
	TARGET CORPORATION CMN	P	2010-10-05	2010-12-03
	PRICELINE.COM INC CMN	P	2010-10-05	2010-12-03
	PEPSICO INC CMN	P	2010-01-06	2010-12-03
	EXPEDITORS INTL WASH INC CMN	P	2010-03-22	2010-12-03
	COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A	P	2010-10-05	2010-12-03
	OMNICOM GROUP CMN	P	2010-10-28	2010-12-03
	GOOGLE, INC. CMN CLASS A	P	2009-05-22	2010-12-03
	GOOGLE, INC. CMN CLASS A	P	2009-05-28	2010-12-03
	GOOGLE, INC. CMN CLASS A	P	2009-06-05	2010-12-03
	DANONE SPONSORED ADR CMN	P	2010-11-01	2010-12-03
	NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS)	P	2010-10-05	2010-12-03
	GOOGLE, INC. CMN CLASS A	P	2009-09-21	2010-12-03
	INVESCO LTD. CMN	P	2010-10-05	2010-12-03
	NETAPP, INC. CMN	P	2010-10-05	2010-12-03
	VARIAN MEDICAL SYSTEMS INC CMN	P	2009-08-26	2010-12-07
	VARIAN MEDICAL SYSTEMS INC CMN	P	2009-08-26	2010-12-09
	EXPEDITORS INTL WASH INC CMN	P	2010-10-05	2010-12-09
	EXPEDITORS INTL WASH INC CMN	P	2010-03-22	2010-12-09
	LULULEMON ATHLETICA INC. CMN	P	2010-09-10	2010-12-13
	VARIAN MEDICAL SYSTEMS INC CMN	P	2009-08-26	2010-12-21
	TARGET CORPORATION CMN	P	2010-10-05	2010-12-21
	INDUSTRIAL & COMMERCIAL BANK O ADR CMN	P	2009-04-08	2010-12-30
	LITIGATION SETTLEMENT PROCEEDS	P		2010-01-10
	ROUNDING	P		2010-12-31
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	367	255	112
b	160	139	21
c	166	147	19
d	203	180	23
e	194	100	94
	48	22	26
	192	86	106
	383	296	87
	2,770	2,785	-15
	509	491	18
	4,724	4,327	397
	152	119	33
	49,622	21,021	28,601
	215	171	44
	397	361	36
	358	363	-5
	459	722	-263
	190	191	-1
	525	505	20
	584	662	-78
	282	380	-98
	275	387	-112
	3,292	2,571	721
	167	147	20
	52	49	3
	71	71	0
	6,700	5,549	1,151
	2,586	2,420	166
	8,365	7,268	1,097
	4,759	3,829	930
	108	135	-27
	277	341	-64
	548	297	251
	1,694	1,605	89
	2,927	2,361	566
	301	321	-20
	394	512	-118
	379	423	-44
	326	350	-24
	190	204	-14
	427	412	15
	363	319	44
	92	89	3
	383	287	96
	302	262	40
	290	386	-96
	2,709	2,230	479
	3,420	3,130	290
	305	130	175
	614	968	-354
	384	876	-492
	563	642	-79
	107	122	-15
	279	323	-44
	185	220	-35
	103	123	-20
	416	239	177
	430	255	175
	2,879	2,492	387
	4,749	3,203	1,546
	4,704	3,382	1,322
	299	403	-104
	357	238	119
	747	531	216
	145	209	-64
	240	607	-367
	25	27	-2
	244	127	117
	78	114	-36
	377	266	111
	117	126	-9
	185	199	-14
	165	246	-81
	77	114	-37
	184	265	-81
	1,847	2,457	-610
	1,435	1,934	-499
	138	110	28
	117	119	-2
	194	204	-10
	223	322	-99
	213	227	-14
	79	85	-6
	171	184	-13
	377	221	156
	291	312	-21
	160	90	70
	218	96	122
	593	705	-112
	279	394	-115
	2,146	1,243	903
	451	186	265
	2,556	1,773	783
	300	168	132
	146	84	62
	292	315	-23
	4,566	5,632	-1,066
	354	234	120
	914	691	223
	75	31	44
	352	138	214
	879	554	325
	802	676	126
	671	523	148
	3,635	3,806	-171
	135	103	32
	420	335	85
	224	179	45
	209	151	58
	477	346	131
	654	429	225
	1,545	1,024	521
	357	388	-31
	295	195	100
	3,607	2,816	791
	5,774	5,478	296
	3,427	2,862	565
	2,356	2,432	-76
	6,194	5,708	486
	2,661	2,487	174
	4,999	5,738	-739
	6,435	5,739	696
	5,937	5,600	337
	1,489	1,416	73
	5,838	6,196	-358
	5,596	4,707	889
	4,979	5,769	-790
	1,992	1,811	181
	2,361	2,992	-631
	2,596	2,762	-166
	906	982	-76
	1,809	1,547	262
	5,046	4,479	567
	6,120	5,732	388
	4,608	4,399	209
	1,186	990	196
	671	572	99
	6,860	5,441	1,419
	2,574	2,133	441
	3,385	2,808	577
	446	378	68
	956	649	307
	1,252	1,724	-472
	6,363	3,969	2,394
	1,230	908	322
	1,230	977	253
	3,143	2,821	322
	822	1,107	-285
	2,324	3,004	-680
	1,395	1,801	-406
	3,949	2,866	1,083
	1,585	2,768	-1,183
	768	1,334	-566
	3,329	2,871	458
	3,061	2,634	427
	2,898	2,266	632
	1,556	1,302	254
	6,058	5,494	564
	1,932	1,501	431
	1,073	875	198
	6,558	4,619	1,939
	4,192	2,884	1,308
	5,874	5,650	224
	2,906	2,488	418
	2,177	1,826	351
	3,141	2,877	264
	3,811	3,104	707
	1,207	1,478	-271
	984	818	166
	581	449	132
	849	692	157
	1,610	1,712	-102
	1,386	1,316	70
	870	665	205
	3,093	1,920	1,173
	2,254	2,037	217
	2,417	1,856	561
	4,087	4,405	-318
	3,081	2,820	261
	2,853	2,345	508
	2,608	2,863	-255
	4,082	2,862	1,220
	4,439	5,668	-1,229
	2,908	1,547	1,361
	3,242	2,253	989
	3,638	3,871	-233
	960	1,675	-715
	2,983	2,827	156
	520	785	-265
	1,039	1,774	-735
	93	128	-35
	335	502	-167
	131	179	-48
	71	27	44
	285	98	187
	3,062	2,105	957
	505	212	293
	2,005	1,988	17
	440	138	302
	2,940	2,726	214
	1,659	1,578	81
	4,119	4,121	-2
	742	756	-14
	3,412	2,852	560
	1,600	1,228	372
	1,961	1,894	67
	1,924	1,970	-46
	1,687	1,284	403
	764	388	376
	361	396	-35
	482	562	-80
	4,465	4,104	361
	7,727	8,636	-909
	180	123	57
	195	136	59
	1,668	2,135	-467
	616	727	-111
	1,843	1,809	34
	128	213	-85
	177	270	-93
	497	755	-258
	261	443	-182
	179	293	-114
	375	388	-13
	65,000	75,311	-10,311
	2,175	2,294	-119
	1,235	1,005	230
	110	66	44
	1,670	1,218	452
	997	1,043	-46
	1,774	1,573	201
	3,273	2,252	1,021
	1,422	1,304	118
	4,435	3,995	440
	1,620	1,632	-12
	1,542	1,199	343
	4,005	4,026	-21
	1,667	1,308	359
	1,993	1,839	154
	1,905	1,935	-30
	1,105	1,058	47
	1,355	1,066	289
	1,687	1,392	295
	2,627	1,543	1,084
	4,457	4,301	156
	1,033	974	59
	239	174	65
	1,716	1,450	266
	2,889	2,692	197
	2,358	2,146	212
	2,458	2,012	446
	1,827	1,722	105
	2,428	1,683	745
	2,634	2,496	138
	1,218	1,141	77
	1,144	789	355
	572	407	165
	1,144	886	258
	620	640	-20
	1,803	1,732	71
	572	493	79
	1,554	1,455	99
	2,539	2,362	177
	1,423	853	570
	1,271	772	499
	56	47	9
	1,176	803	373
	641	361	280
	1,266	731	535
	1,372	1,234	138
			0
	68		68
	9		9
	756		756

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			112
b			21
c			19
d			23
e			94
			26
			106
			87
			-15
			18
			397
			33
			28,601
			44
			36
			-5
			-263
			-1
			20
			-78
			-98
			-112
			721
			20
			3
			0
			1,151
			166
			1,097
			930
			-27
			-64
			251
			89
			566
			-20
			-118
			-44
			-24
			-14
			15
			44
			3
			96
			40
			-96
			479
			290
			175
			-354
			-492
			-79
			-15
			-44
			-35
			-20
			177
			175
			387
			1,546
			1,322
			-104
			119
			216
			-64
			-367
			-2
			117
			-36
			111
			-9
			-14
			-81
			-37
			-81
			-610
			-499
			28
			-2
			-10
			-99
			-14
			-6
			-13
			156
			-21
			70
			122
			-112
			-115
			903
			265
			783
			132
			62
			-23
			-1,066
			120
			223
			44
			214
			325
			126
			148
			-171
			32
			85
			45
			58
			131
			225
			521
			-31
			100
			791
			296
			565
			-76
			486
			174
			-739
			696
			337
			73
			-358
			889
			-790
			181
			-631
			-166
			-76
			262
			567
			388
			209
			196
			99
			1,419
			441
			577
			68
			307
			-472
			2,394
			322
			253
			322
			-285
			-680
			-406
			1,083
			-1,183
			-566
			458
			427
			632
			254
			564
			431
			198
			1,939
			1,308
			224
			418
			351
			264
			707
			-271
			166
			132
			157
			-102
			70
			205
			1,173
			217
			561
			-318
			261
			508
			-255
			1,220
			-1,229
			1,361
			989
			-233
			-715
			156
			-265
			-735
			-35
			-167
			-48
			44
			187
			957
			293
			17
			302
			214
			81
			-2
			-14
			560
			372
			67
			-46
			403
			376
			-35
			-80
			361
			-909
			57
			59
			-467
			-111
			34
			-85
			-93
			-258
			-182
			-114
			-13
			-10,311
			-119
			230
			44
			452
			-46
			201
			1,021
			118
			440
			-12
			343
			-21
			359
			154
			-30
			47
			289
			295
			1,084
			156
			59
			65
			266
			197
			212
			446
			105
			745
			138
			77
			355
			165
			258
			-20
			71
			79
			99
			177
			570
			499
			9
			373
			280
			535
			138
			0
			68
			9
			756

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	60,601
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	80,615	1,128,486	0.071436
2008	55,865	1,413,053	0.039535
2007	71,790	1,772,761	0.040496
2006	81,640	1,469,589	0.055553
2005	65,830	1,354,624	0.048597

2	Total of line 1, column (d) ......................	2	0.255617
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	0.051123
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	1,120,095
5	Multiply line 4 by line 3.......................	5	57,263
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	677
7	Add lines 5 and 6.........................	7	57,940
8	Enter qualifying distributions from Part XII, line 4..............	8	73,385
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	677
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	677
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	677
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	140
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	140
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	537
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

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

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

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

Yes

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

MURPHY HOFFER PA Telephone no. bullet

(609) 452-9555

Located at bullet

15 ROSZEL ROADPRINCETONNJ ZIP+4 bullet

08540

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

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

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

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

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

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DOUGLAS S HENDRICKSON	SEC/TREAS/TTE 1.00	0	0	0
10 GRAYSTONE TERRACE SAN FRANCISCO,CA94114	SEC/TREAS/TTE 1.00	0	0	0
KAREN H ALLAN	TRUSTEE 1.00	0	0	0
70 RANCHO ROAD SIERRA MADRE,CA91024	TRUSTEE 1.00	0	0	0
ROBERT F HENDRICKSON	PRES/TRUSTEE 5.00	0	0	0
50 CONSTITUTION HILL WEST PRINCETON,NJ08540	PRES/TRUSTEE 5.00	0	0	0
SUSAN E HENDRICKSON	TRUSTEE 1.00	0	0	0
5117 WESSLING LANE BETHESDA,MD20814	TRUSTEE 1.00	0	0	0

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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

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

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


2


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

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

Part X

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

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

purposes:

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

1,052,930

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

84,222

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

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

1,137,152

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

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

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

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

1,137,152

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

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

17,057

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

1,120,095

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

56,005

Part XI

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

and do not complete this part.)

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

56,005

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

677

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

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

677

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

55,328

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

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

55,328

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

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

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

55,328

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

73,385

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

73,385

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

677

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

72,708

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

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7				55,328
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......			39,849
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: $ 73,385
a Applied to 2009, but not more than line 2a			39,849
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.....				33,536
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 ..........				21,792
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........	0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............	0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2006....
b Excess from 2007....
c Excess from 2008....
d Excess from 2009....
e Excess from 2010....

Form 990-PF (2010)

Page 9

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

ROBERT F HENDRICKSON

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

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

Check here bullet

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

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

ROBERT F HENDRICKSON
50 CONSTITUTION HILL WEST
PRINCETON,NJ08540
(609) 924-9678

bThe form in which applications should be submitted and information and materials they should include:

LETTER AND PROPOSAL

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ASSOCIATION OF SMALL FOUNDATIONS 4905 DEL RAY AVE BETHESDA,MD208142558	NONE	PUBLIC	EDUCATION	495
COMMUNITY FOUNDATION NATL CAP REGION 1201 15TH STREET NW STE 420 WASHINGTON,DC20005	NONE	PUBLIC	WELFARE	1,000
DESERT STREAM MINISTRIES 204 SANTA MONICA BLVD SANTA MONICA,CA904012200	NONE	PUBLIC	WELFARE/RELIGIOUS	1,000
INTERNATIONAL HUMANITARIAN FOUNDATION INC 13659 VICTORY BLVD STE 169 VAN NUYS,CA914011735	NONE	PUBLIC	WELFARE	1,000
FIRST PRESBYTERIAN CHURCH OF COVINA 310 N SECOND AVENUE COVINA,CA91723	NONE	PUBLIC	WELFARE/RELIGIOUS	1,000
HARVARD COLLEGE 1350 MASSACHUSETTS AVE CAMBRIDGE,MA02138	NONE	PUBLIC	EDUCATION	3,000
KATHERINE DELMAR BURKE SCHOOL 7070 CALIFORNIA STREET SAN FRANCISCO,CA941211710	NONE	PUBLIC	EDUCATION	2,500
NASSAU PRESBYTERIAN CHURCH 61 NASSAU STREET PRINCETON,NJ08540	NONE	PUBLIC	WELFARE/RELIGIOUS	6,000
NEW ENGLAND HISTORIC GENEALOGICAL SOCIETY 101 NEWBURY STREET BOSTON,MA021163007	NONE	PUBLIC	EDUCATION	15,000
NORWOOD SCHOOL 8821 RIVER ROAD BETHESDA,MD208172640	NONE	PUBLIC	EDUCATION	2,500
PASADENA INTERNATIONAL HOUSE OF PRAYER 1550 E ELIZABETH ST STE U-12 PASADENA,CA911045900	NONE	PUBLIC	WELFARE/RELIGIOUS	3,000
PRINCETON PUBLIC LIBRARY FOUNDATION INC 65 WITHERSPOON STREET PRINCETON,NJ08542	NONE	PUBLIC	EDUCATION	20,000
STANFORD BUSINESS SCHOOL 655 SERRA ST STANFORD,CA943057209	NONE	PUBLIC	EDUCATION	2,500
US CENTER FOR WORLD MISSIONS 1605 E ELIZABETH STREET PASADENA,CA91104	NONE	PUBLIC	WELFARE/RELIGIOUS	2,000
LYMPHOMA RESEARCH FOUNDATION 115 BROADWAY NEW YORK,NY10006	NONE	PUBLIC	WELFARE	2,500
YATHRICK MINISTRIES 3013 FITZGERALD ROAD SIMI VALLEY,CA93065	NONE	PUBLIC	WELFARE	2,500
PROJECT NIGHT NIGHT 148 BEULAH STREET SAN FRANCISCO,CA94117	NONE	PUBLIC	WELFARE	1,000
RANDALL MUSEUM 199 MUSEUM WAY SAN FRANCISCO,CA94114	NONE	PUBLIC	EDUCATION	1,000
Total ................................. 3a				67,995

bApproved for future payment

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

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	89
4 Dividends and interest from securities....			14	13,508
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	31,767
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		45,364	0

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

1345,364

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of organization KSD FOUNDATION INC
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 1 of 1 of Part I
Part I	Contributors (see Instructions)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
1	ROBERT F HENDRICKSON 50 CONSTITUTION HILL WEST PRINCETON, NJ 08540	$49,855	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Name of organization KSD FOUNDATION INC
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 1 of 1 of Part II
Part II	Noncash Property (see Instructions)
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	1300 SHARES MERCK & CO INC COMMON STOCK	$49,855	2010-02-01
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALLERGAN INC	4,272	4,876
AMERICA MOVIL SA DE CV	4,923	4,759
ARM HOLDINGS PLC	1,698	3,216
BG GROUP PLC SP ADR	4,659	5,174
BNP PARIBAS SPONS ADR	5,893	5,780
BRITISH SKY BROADCASTING GROUP	3,242	4,241
CANADIAN NATIONAL RAILWAY CO	5,625	6,182
CANADIAN NATURAL RESOURCES	3,325	4,359
CARNIVAL CORPORATION	7,637	8,853
CHINA MERCHANTS HOLDINGS	4,200	4,660
CNDOC LTD	4,497	6,198
COCA-COLA HELLENIC BOTTLING CO	2,957	2,305
DASSAULT SYSTEMS SA SPONS ADR	2,734	3,482
EXPEDITORS INTL WASH INC	7,554	8,791
FANUC LTD JAPAN UNSPONS ADR	3,470	5,315
FLSMIDTH & CO	2,456	3,448
FRESENIUS MEDICAL CARE AG & CO	4,952	6,115
GAZPROM ADR	5,232	3,550
GOOGLE INC	12,196	13,661
HANG LUNG PPTYS LTD	2,817	3,671
HENNES & MAURITZ AB ADR	5,657	6,584
HONG KONG EXCHANGES & CLEARING	2,821	4,649
INDUSTRIAL & COMMERCIAL BANK	3,594	3,828
INFOSYS TECHNOLOGIES	1,710	3,119
ITAU UNIBANCO HLDG	2,842	3,746
KINGFISHER PLC	5,836	6,038
KOMATSU LTD ADR (NEW)	4,357	7,028
LOGITECH INTERNATIONAL SA	4,676	4,990
LVMH MOET HENNESSY LOUIS VUITTON	4,429	7,828
MCDONALDS CORP	5,781	6,908
MITSUBISHI UFJ FINL GROUP	4,308	4,020
NESTLE SA	11,566	13,569
NEW ORIENTAL ED & TECH GRP	2,786	3,473
NOVARTIS AG-ADR	6,448	7,192
NOVO-NORDISK A/S ADR	8,096	11,819
OMNICOM GROUP	6,241	6,210
POTASH CORP OF SASKATCHEWAN	2,954	3,871
PRAXAIR INC	5,647	6,969
RECKITT BENCKISER GROUP PLC	5,859	6,799
SABMILLER PLC SPONS ADR	7,227	8,515
SAP AG	7,391	8,654
SCHLUMBERGER LTD	14,639	20,092
SMITH & NEPHEW PLC ADR	3,616	3,941
SOUTHERN COPPER CORP	2,120	3,168
TELEFONICA S.A.	6,001	5,679
TESCO PLC	6,787	6,787
TEVA PHARMACEUTICAL IND LTD	6,409	8,184
TOYOTA MOTOR CORPORATION	6,889	6,133
VARIAN MEDICAL SYSTEMS	5,369	6,304
VESTAS WIND SYSTEMS	4,551	2,608
WALMART DE MEXICO SA	3,269	5,494
LULULEMON ATHLETICA INC	1,550	1,984
ASSA ABLOY AB UNSPONS ADR	3,847	3,946
CANON INC ADR	4,405	5,391
EMBRAER SA ADR	4,414	4,559
LAFARGE SPONS ADR	4,684	4,501
MAN GROUP PLC UNSPONS ADR	3,194	3,772
PUBLICIS GROUPE SA SPONS ADR	3,681	4,212
TENCENT HOLDINGS LTD	6,980	6,822
TURKIYE GARANTI BANKASI AS GDS	5,020	5,208
VOLKSWAGEN AG WOLFSBURG	3,120	3,889
3M COMPANY	7,328	7,249
ADOBE SYSTEMS INC	6,111	7,295
ALTERA CORP	4,055	4,874
APPLE INC	14,269	16,128
BAKER HUGHES INC	4,879	5,545
C.H. ROBINSON WORLDWIDE INC	10,585	11,992
CELGENE CORPORATION	16,508	16,796
COGNIZANT TECHNOLOGY SOLUTIONS	9,918	11,067
DISCOVERY COMMUNICATIONS INC	3,917	3,795
COLBY LABORATORIES INC	1,279	1,267
F5 NETWORKS INC	4,797	5,727
INTUITIVE SURGICAL INC	8,434	7,733
INVESCO LTD	5,626	6,328
JUNIPER NETWORKS INC	7,551	8,381
NETAPP INC	9,195	10,058
PEPSICO INC	6,808	7,055
PRICELINE.COM INC	8,383	9,989
ROVI CORPORATION	2,575	2,790
STATE STREET CORPORATION	5,645	6,860
TARGET CORPORATION	7,029	7,877
DANONE SPONS ADR	2,481	2,448
SHIRE LIMITED	6,326	6,369

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GS CORE FIXED-INC MUTUAL FUND	AT COST	51,513	53,324
GS GROWTH OPPORTUNITIES CL A	AT COST	76,346	80,489
GS HIGH YIELD INST MUTUAL FUND	AT COST	29,882	40,454
GS LARGE CAP VALUE CL A	AT COST	255,716	227,897
GS S&P500 STRUC NOTE	AT COST	100,000	126,146
ISHARES TRUST RUSSELL MIDCAP VALUE INDEX	AT COST	74,760	75,617

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
NJ ANNUAL REPORT	25	0		0
NJ REGISTRATION FEE	30	0		0