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 RHOADES FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)233 S WACKER DR NO 8000   Room/suite
City or town, state, and ZIP code
CHICAGO, IL60606
A Employer identification number

36-2994856
B Telephone number (see page 10 of the instructions)

(312) 876-8000
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$12,684,359J 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 2,459 2,459  
4 Dividends and interest from securities...... 419,681 419,681  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,465
b Gross sales price for all assets on line 6a 2,490,695
7 Capital gain net income (from Part IV, line 2)... 8,465
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 15,708 15,708 0
12 Total. Add lines 1 through 11........ 446,313 446,313 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 65,000 65,000 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 125 125 0 0
b Accounting fees (attach schedule)....... Click to see attachment 6,000 6,000 0 0
c Other professional fees (attach schedule).... Click to see attachment 85,941 85,941 0 0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 3,408 3,408 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 14,639 14,639 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 175,113 175,113 0 0
25 Contributions, gifts, grants paid........ 695,925 695,925
26 Total expenses and disbursements. Add lines 24 and 25 871,038 175,113 0 695,925
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -424,725
b Net investment income (if negative, enter -0-) 271,200
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 78,254 22,877 22,877
2 Savings and temporary cash investments.......... 632,972 668,826 668,826
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) 3,786,925 Click to see attachment2,967,147 3,131,991
b Investments—corporate stock (attach schedule)........ 4,876,413 Click to see attachment5,267,862 7,228,582
c Investments—corporate bonds (attach schedule)........ 1,513,237 Click to see attachment1,536,364 1,632,083
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,887,801 10,463,076 12,684,359
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 10,887,801 10,463,076
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,887,801 10,463,076
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,887,801 10,463,076
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 10,887,801
2 Enter amount from Part I, line 27a...................... 2 -424,725
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 10,463,076
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 10,463,076
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 250000 FHLMC MTN P 2010-02-10 2010-09-03
b 148 SH HARRIS OAKMARK P 2010-01-13 2010-04-12
c 100000 CHASE MANHATTEN CORP NEW SUB NT P 2000-12-06 2010-06-15
d 1500 SHS DELL INC P 2007-12-21 2010-11-15
e 300 SHS DIAGEO PLC SPONSORED ADR P 2003-07-08 2010-11-15
1000 SHS DISCOVERY COMMUNICATIONS P 2005-10-05 2010-11-15
200000 FEDERAL HOME LOAN BANKS P 2006-04-06 2010-11-18
350000 FNMA 4.350% 1/25/10 P 2005-08-16 2010-01-25
500000 FNMA V-A 2.000% 12/15/14 P 2009-11-16 2010-12-15
200000 FISHER SCIENTIFIC 6.125% 7/01/15 P 2008-12-08 2010-07-01
992.169 SHS HARRIS ASSOCIATES INVT TR OAKMARK INTERNATIONAL P 2002-11-25 2010-04-12
1064.57 SHS HARRIS ASSOCIATES INVT TR OAKMARK INTERNATIONAL P 2008-01-15 2010-04-12
2100 SHS INTERNATIONAL RECTIFIER CORP COMMON STOCK P 2008-08-12 2010-04-06
800 SHS INTERNATIONAL RECTIFIER CORP COMMON STOCK P 2008-08-11 2010-04-27
1500 SHS INTERNATIONAL RECTIFIER CORP COMMON STOCK P 2008-08-12 2010-11-15
1000 SHS INTERNATIONAL RECTIFIER CORP COMMON STOCK P 2008-08-12 2010-12-06
1500 SHS LIBERTY-W/I A P 2008-11-13 2010-11-16
9600 SHS MDS INC COMMON STOCK P 2008-09-17 2010-04-05
5400 SHS MDS INC COMMON STOCK P 2009-02-09 2010-04-05
1500 SHS TENET HEALTHCARE CORPORATION COMMON STOCK P 2007-04-12 2010-12-13
766 SHS TIME WARNER INC P 2002-01-03 2010-04-27
100000 UNITED STATES OF AMERICA P 2006-10-13 2010-12-06
100000 US TREASURY NOTES 4.875% 4/30/11 P 2006-05-16 2010-06-25
800 SHS VIACOM INC-B W/I P 2006-05-09 2010-04-06
700 SHS VIACOM INC-B W/I P 2006-11-22 2010-11-15
500 SHS VIACOM INC-B W/I P 2006-11-22 2010-12-06
500 SHS WAL-MART STORES INC COMMON STOCK P 2007-08-13 2010-11-16
1500 SHS WALGREEN COMPANY COMMON P 2009-01-23 2010-11-16
500 SHS WALGREEN COMPANYY COMMON P 2009-01-23 2010-12-10
1000 SHS TYCO ELECTRONICS LTD P 2008-10-30 2010-02-22
500 SHS TYCO ELECTRONICS LTD P 2008-10-30 2010-04-06
500 SHS TYCO ELECTRONICS LTD P 2008-10-30 2010-12-06
(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 250,000   250,000 0
b 2,691   2,460 231
c 100,000   103,373 -3,373
d 20,306   33,136 -12,830
e 22,396   12,717 9,679
34,947   12,089 22,858
208,094   204,942 3,152
350,000   350,000 0
500,000   499,950 50
206,126   206,126 0
17,998   13,265 4,733
19,311   22,590 -3,279
49,109   39,813 9,296
19,408   15,167 4,241
41,069   28,438 12,631
29,559   18,959 10,600
22,593   6,160 16,433
79,510   127,044 -47,534
44,725   41,859 2,866
9,757   10,380 -623
25,117   91,575 -66,458
105,422   100,566 4,856
103,808   99,512 4,296
27,976   31,761 -3,785
27,227   27,781 -554
19,860   19,464 396
27,395   23,065 4,330
51,465   40,136 11,329
18,125   13,379 4,746
26,295   18,261 8,034
14,005   9,131 4,874
16,401   9,131 7,270
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       0
b       231
c       -3,373
d       -12,830
e       9,679
      22,858
      3,152
      0
      50
      0
      4,733
      -3,279
      9,296
      4,241
      12,631
      10,600
      16,433
      -47,534
      2,866
      -623
      -66,458
      4,856
      4,296
      -3,785
      -554
      396
      4,330
      11,329
      4,746
      8,034
      4,874
      7,270
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 8,465
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 682,741 11,302,538 0.060406
2008 818,919 12,946,981 0.063252
2007 850,264 14,950,968 0.056870
2006 676,575 14,278,425 0.047384
2005 682,700 14,249,608 0.047910
2 Total of line 1, column (d) ...................... 2 0.275822
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 0.055164
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 12,258,307
5 Multiply line 4 by line 3....................... 5 676,217
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,712
7 Add lines 5 and 6......................... 7 678,929
8 Enter qualifying distributions from Part XII, line 4.............. 8 695,925
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,712
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 2,712
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 2,712
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 2,520
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 2,520
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 9 192
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJULIUS LEWIS Telephone no.bullet (312) 876-8000
    Located atbullet233 S WACKER DR STE 8000CHICAGOIL ZIP+4bullet60606
    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
    JULIUS LEWIS DIR/PRES
    15.00     		60,000 0 0
    233 S WACKER DR STE 8000
    CHICAGO,IL60606
    H ALLAN STARK DIR/VP/SEC
    5.00     		2,500 0 0
    218 BEAUMONT LN
    BARRINGTON,IL60010
    JAMES F OATES DIR/TREAS
    5.00     		2,500 0 0
    1212 N LAKE SHORE DR
    CHICAGO,IL60610
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 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 NONE 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    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
    12,018,465
    b
    Average of monthly cash balances.......................
    1b
    426,517
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,444,982
    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
    12,444,982
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    186,675
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,258,307
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    612,915
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    612,915
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,712
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,712
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    610,203
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    610,203
    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
    610,203
    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
    695,925
    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
    695,925
    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
    2,712
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    693,213
    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 7 610,203
    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.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008....... 110,215
    e From 2009....... 122,634
    fTotal of lines 3a through e......... 232,849
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 695,925
    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..... 610,203
    e Remaining amount distributed out of corpus 85,722
    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 5 318,571
    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) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		318,571
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 110,215
    d Excess from 2009.... 122,634
    e Excess from 2010.... 85,722
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ABOUT FACE THEATRE
    1222 W WILSON 2ND FLOOR WEST
    CHICAGO,IL60640     		NONE 501C CIVIC & SOCIAL 1,500
    AIDS CARE INC
    212 E OHIO ST SUITE 500
    CHICAGO,IL60611     		NONE 501C CIVIC & SOCIAL 3,500
    ALLIANCE FRANCAISE DE CHICAGO
    810 N DEARBORN ST
    CHICAGO,IL60610     		NONE 501C CIVIC & SOCIAL 15,000
    AMERICAN ACADEMY IN ROME
    7 E 60TH ST
    NEW YORK,NY10022     		NONE 501C CIVIC & SOCIAL 3,000
    THE ART INSTITUTE OF CHICAGOTHE WOMEN'S BOARD (GALA)
    111 S MICHIGAN AVE
    CHICAGO,IL606036404     		NONE 501C CIVIC & SOCIAL 12,000
    THE ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVE
    CHICAGO,IL606036404     		NONE 501C CIVIC & SOCIAL 50,000
    THE ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVE
    CHICAGO,IL606036404     		NONE 501C CIVIC & SOCIAL 30,000
    THE ART INSTITUTE OF CHICAGO (JL MATCH)
    111 S MICHIGAN AVE
    CHICAGO,IL606036404     		NONE 501C CIVIC & SOCIAL 10,000
    THE ART INSTITUTE OF CHICAGO - OLD MASTERS SOCIETY (JL MATCH)
    111 S MICHIGAN AVE
    CHICAGO,IL606036404     		NONE 501C CIVIC & SOCIAL 250
    BAILIWICK REPERTORY THEATRE (JFO MATCH)
    1229 W BELMONT AVE
    CHICAGO,IL606573205     		NONE 501C CIVIC & SOCIAL 250
    BARRINGTON COUNCIL ON AGING INC
    6000 GARLANDS LANE SUITE 100
    BARRINGTON,IL60010     		NONE 501C CIVIC & SOCIAL 3,500
    BEAR NECESSITIES PEDIATRIC CANCER FOUNDATION
    55 W WACKER DRIVE SUITE 1100
    CHICAGO,IL60601     		NONE 501C CIVIC & SOCIAL 3,500
    THE BETTER BOYS FOUNDATION
    1512 S PULASKI ROAD
    CHICAGO,IL60623     		NONE 501C CIVIC & SOCIAL 500
    BONAVENTURE HOUSE
    825 W WELLINGTON AVENUE
    CHICAGO,IL60657     		NONE 501C CIVIC & SOCIAL 2,000
    CARING AT COLUMBIA
    1051 RIVERSIDE DRIVE UNIT 74
    NEW YORK,NY10032     		NONE 501C CIVIC & SOCIAL 1,000
    CARING CONNECTIONS FOR SENIORS
    1545 WEST MORSE AVENUE
    CHICAGO,IL60626     		NONE 501C CIVIC & SOCIAL 2,500
    CENTER ON HALSTED
    3656 N HALSTED STREET
    CHICAGO,IL60657     		NONE 501C CIVIC & SOCIAL 2,500
    CHICAGO ACADEMY FOR THE ARTS
    1010 W CHICAGO AVENUE
    CHICAGO,IL60642     		NONE 501C CIVIC & SOCIAL 5,000
    CHICAGO ARCHITECTURE FOUNDATION
    224 S MICHIGAN AVENUE
    CHICAGO,IL606042527     		NONE 501C CIVIC & SOCIAL 5,000
    CHICAGO ASSOCIATES OF THE STRATFORD FESTIVAL (JFO MATCH)
    53 W JACKSON BLVD SUITE 1511
    CHICAGO,IL60604     		NONE 501C CIVIC & SOCIAL 1,300
    CHICAGO CHILD CARE SOCIETY
    5467 S UNIVERSITY AVENUE
    CHICAGO,IL60615     		NONE 501C CIVIC & SOCIAL 500
    CHICAGO CHILD CARE SOCIETY
    5467 S UNIVERSITY AVENUE
    CHICAGO,IL60615     		NONE 501C CIVIC & SOCIAL 2,000
    CHICAGO CHRISTIAN INDUSTRIAL LEAGUE
    2750 W ROOSEVELT ROAD
    CHICAGO,IL606081048     		NONE 501C CIVIC & SOCIAL 5,000
    CHICAGO COALITION FOR THE HOMELESS
    1325 S WABASH AVE 205
    CHICGAO,IL606052507     		NONE 501C CIVIC & SOCIAL 7,500
    CHICAGO COMMONS
    700 N SACRAMENTO BLVD SUITE 141
    CHICAGO,IL60612     		NONE 501C CIVIC & SOCIAL 1,000
    CHICAGO HISTORY MUSEUM (JL MATCH)
    1601 N CLARK STREET
    CHICAGO,IL606146038     		NONE 501C CIVIC & SOCIAL 500
    CHICAGO HOUSE
    1925 N CLYBORN 1401
    CHICAGO,IL60614     		NONE 501C CIVIC & SOCIAL 2,500
    CHICAGO HUMANITIES FESTIVAL
    500 N DEARBORN STREET SUITE 825
    CHICAGO,IL60654     		NONE 501C CIVIC & SOCIAL 2,500
    CHICAGO OPERA THEATER
    70 E LAKE ST SUITE 825
    CHICAGO,IL60654     		NONE 501C CIVIC & SOCIAL 7,500
    CHICAGO PUBLIC LIBRARY FOUNDATION
    20 N MICHIGAN AVENUE
    CHICGAO,IL606024805     		NONE 501C CIVIC & SOCIAL 1,000
    CHICAGO PUBLIC RADIO
    848 E GRAND AVENUE
    CHICAGO,IL60611     		NONE 501C CIVIC & SOCIAL 2,000
    CHICAGO SHAKESPEARE THEATER
    800 E GRAND AVE
    CHICAGO,IL606115499     		NONE 501C CIVIC & SOCIAL 10,000
    CHICAGO SHAKESPEARE THEATER (JFO MATCH)
    800 E GRAND AVE
    CHICAGO,IL606115499     		NONE 501C CIVIC & SOCIAL 500
    CHICAGO SHAKESPEARE THEATER (JL MATCH)
    800 E GRAND AVE
    CHICAGO,IL606115499     		NONE 501C CIVIC & SOCIAL 500
    CHICAGO SYMPHONY ORCHESTRA
    220 S MICHIGAN AVE
    CHICAGO,IL606042559     		NONE 501C CIVIC & SOCIAL 5,000
    CHICAGO SYMPHONY ORCHESTRA (JFO MATCH)
    220 S MICHIGAN AVE
    CHICAGO,IL606042559     		NONE 501C CIVIC & SOCIAL 650
    CHURCH WOMEN UNITED BARRINGTON SOCIAL MINISTRIES (A STARK)
    126 HIDDEN OAKS DRIVE
    BARRINGTON,IL60010     		NONE 501C CIVIC & SOCIAL 2,500
    CITIZENS FOR CONSERVATION
    459 W HIGHWAY 22
    BARRINGTON,IL60010     		NONE 501C CIVIC & SOCIAL 7,500
    CIVIC ORCHESTRA OF CHICAGO
    220 S MICHIGAN AVE
    CHICAGO,IL606042596     		NONE 501C CIVIC & SOCIAL 5,000
    CLEARBROOK CENTER
    1835 W CENTRAL ROAD
    ARLINGTON HEIGHTS,IL60005     		NONE 501C CIVIC & SOCIAL 5,000
    COURT THEATRE
    5535 S ELLIS AVENUE
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 2,500
    THE CRADLE
    2049 RIDGE AVENUE
    EVANSTON,IL60201     		NONE 501C CIVIC & SOCIAL 3,500
    CWS CROP
    28606 PHILLIPS STREET PO BOX 968
    ELKHART,IN46515     		NONE 501C CIVIC & SOCIAL 5,000
    DOCTORS WITHOUT BORDERS (HAITI RELIEF)
    333 SENVENTH AVENUE 2ND FLOOR
    NEW YORK,NY100015004     		NONE 501C CIVIC & SOCIAL 10,000
    DOCTORS WITHOUT BORDERS (PAKISTAN RELIEF)
    333 SENVENTH AVENUE 2ND FLOOR
    NEW YORK,NY100015004     		NONE 501C CIVIC & SOCIAL 10,000
    DOCTORS WITHOUT BORDERS
    333 SENVENTH AVENUE 2ND FLOOR
    NEW YORK,NY100015004     		NONE 501C CIVIC & SOCIAL 7,500
    ELGIN SYMPHONY ORCHESTRA
    20 DUPAGE COURT
    ELGIN,IL601206424     		NONE 501C CIVIC & SOCIAL 15,000
    GEORGE WASHINGTON'S FREDERICKSBURG FOUNDATION
    1201 WASHINGTON AVENUE
    FREDERICKSBURG,VA22401     		NONE 501C CIVIC & SOCIAL 1,000
    THE GOODMAN THEATRE (JFO MATCH)
    170 N DEARBORN
    CHICAGO,IL60601     		NONE 501C CIVIC & SOCIAL 20,725
    THE GOODMAN THEATRE
    170 N DEARBORN
    CHICAGO,IL60601     		NONE 501C CIVIC & SOCIAL 20,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W 42ND PLACE
    CHICAGO,IL606323920     		NONE 501C CIVIC & SOCIAL 22,500
    HARRIS THEATER FOR MUSIC AND DANCE
    205 E RANDOLPH DRIVE
    CHICAGO,IL60601     		NONE 501C CIVIC & SOCIAL 10,000
    HEARTLAND ALLIANCE FOR HUMAN NEEDS AND HUMAN RIGHTS
    208 S LASALLE STREE SUITE1818
    CHICAGO,IL60604     		NONE 501C CIVIC & SOCIAL 25,000
    HOLY FAMILY MINISTRIES
    790 FRONTAGE ROAD
    NORTHFIELD,IL60093     		NONE 501C CIVIC & SOCIAL 30,000
    HOME OF THE SPARROW
    6213A FACTORY ROAD
    CRYSTAL LAKE,IL60014     		NONE 501C CIVIC & SOCIAL 6,000
    HORIZON HOSPICE INC
    833 W CHICAGO AVENUE
    CHICAGO,IL606427929     		NONE 501C CIVIC & SOCIAL 5,000
    HOWARD BROWN HEALTH CENTER
    4025 N SHERIDAN
    CHICGAO,IL606134260     		NONE 501C CIVIC & SOCIAL 2,500
    HUBBARD STREET DANCE CHICAGO (JFO MATCH)
    1147 W JACKSON BLVD
    CHICAGO,IL606072905     		NONE 501C CIVIC & SOCIAL 3,300
    HUBBARD STREET DANCE CHICAGO
    1147 W JACKSON BLVD
    CHICAGO,IL606072905     		NONE 501C CIVIC & SOCIAL 20,000
    HULL HOUSE
    1030 W VAN BUREN
    CHICAGO,IL606071019     		NONE 501C CIVIC & SOCIAL 1,000
    HULL HOUSE (JL MATCH)
    1030 W VAN BUREN
    CHICGAO,IL606071019     		NONE 501C CIVIC & SOCIAL 100
    INTERFAITH HOUSE
    3456 W FRANKLIN BLVD
    CHICAGO,IL60624     		NONE 501C CIVIC & SOCIAL 2,500
    JEWISH CHILDREN'S BUREAU (JL MATCH)
    216 W JACKSON BLVD SUITE 800
    CHICAGO,IL60606     		NONE 501C CIVIC & SOCIAL 1,000
    JOURNEYS FROM PADS TO HOPE (FORMERLY NORTHWEST SUBURBAN PADS)
    1140 E NORTHWEST HIGHWAY
    PALATINE,IL60074     		NONE 501C CIVIC & SOCIAL 5,000
    JUVENILE PROTECTION ASSOCATION
    1707 N HALSTED
    CHICAGO,IL60614     		NONE 501C CIVIC & SOCIAL 2,500
    LAMBDA LEGAL DEFENSE FUND (JFO MATCH)
    120 WALL STREET SUITE 1500
    NEW YORK,NY100053904     		NONE 501C CIVIC & SOCIAL 750
    LAMBDA LEGAL DEFENSE FUND (JL MATCH)
    120 S LASALLE ST SUITE 1850
    NEW YORK,NY100053904     		NONE 501C CIVIC & SOCIAL 100
    THE LAMBS FARM
    PO BOX 520
    LIBERTYVILLE,IL60048     		NONE 501C CIVIC & SOCIAL 5,000
    LANDMARKS PRESERVATION COUNCIL OF ILLINOIS
    53 W JACKSON BLVD SUITE 1315
    CHICAGO,IL606043562     		NONE 501C CIVIC & SOCIAL 2,500
    LEGACY CHARTER SCHOOL
    4217 W 18TH STREET NORTH BUILDING
    CHICAGO,IL606232325     		NONE 501C CIVIC & SOCIAL 1,000
    LIFELINE THEATER
    6912 N GLENWOOD AVENUE
    CHICAGO,IL606263412     		NONE 501C CIVIC & SOCIAL 1,000
    LINCOLN PARK CONSERVATORY (FORMERLY FRIENDS OF LINCOLN PARK)
    2000 N RACINE
    CHICAGO,IL60614     		NONE 501C CIVIC & SOCIAL 1,000
    LITTLE BROTHERS FRIENDS OF ELDERLY
    355 N ASHLAND AVENUE
    CHICAGO,IL606071019     		NONE 501C CIVIC & SOCIAL 5,000
    LOOKINGGLASS THEATER
    821 N MICHIGAN AVENUE
    CHICAGO,IL60611     		NONE 501C CIVIC & SOCIAL 1,500
    LOOKINGGLASS THEATER (JFO MATCH)
    821 N MICHIGAN AVENUE
    CHICAGO,IL60611     		NONE 501C CIVIC & SOCIAL 500
    LYRIC OPERA OF CHICAGO
    20 N WACKER DRIVE
    CHICAGO,IL60606     		NONE 501C CIVIC & SOCIAL 10,000
    LYRIC OPERA OF CHICAGO (JFO MATCH)
    20 N WACKER DRIVE
    CHICAGO,IL60606     		NONE 501C CIVIC & SOCIAL 300
    LYRIC OPERA OF CHICAGO (JL MATCH)
    20 N WACKER DRIVE
    CHICGAO,IL60606     		NONE 501C CIVIC & SOCIAL 3,750
    MARTHA BOWERS DANCE THEATER ETCETERA (JL MATCH)
    480 VAN BRUNT STREET ROOM 3
    BROOKLYN,NY11231     		NONE 501C CIVIC & SOCIAL 100
    MARYVILLE ACADEMY - EISENBERG CAMPUS
    951 W BARTLETT ROAD
    BARTLETT,IL60103     		NONE 501C CIVIC & SOCIAL 1,000
    MASSACHUSETTS GENERAL HOSPITALTHORACIC SURGERY DEVELOPEMENT
    165 CAMBRIDGE STREET SUITE 600
    BOSTON,MA021142792     		NONE 501C CIVIC & SOCIAL 1,000
    MENTAL HEALTH ASSOCIATION IN ILLINOIS
    70 E LAKE ST SUITE 900
    CHICAGO,IL60601     		NONE 501C CIVIC & SOCIAL 7,500
    MENTORING PARTNERSHIP OF NEW YORK
    122 E 42ND STREET SUITE 1520
    NEW YORK,NY101680002     		NONE 501C CIVIC & SOCIAL 1,500
    MERCY HOUSING LAKEFRONT
    120 S LASALLE ST SUITE 1850
    CHICAGO,IL60603     		NONE 501C CIVIC & SOCIAL 30,000
    NATIONAL TROPICAL BOTANICAL GARDEN
    3530 PAPALINA ROAD
    KALAHEO,HI96741     		NONE 501C CIVIC & SOCIAL 7,500
    THE NEW COLONY
    4740 N WESTER AVE 2ND FLOOR
    CHICAGO,IL606254698     		NONE 501C CIVIC & SOCIAL 500
    THE NEWBERRY LIBRARY (JL MATCH)
    60 W WALTON ST
    CHICAGO,IL606103380     		NONE 501C CIVIC & SOCIAL 500
    THE NEWBERRY LIBRARY
    60 W WALTON ST
    CHICAGO,IL606103380     		NONE 501C CIVIC & SOCIAL 2,500
    NORTHERN ILLINOIS FOOD BANK
    600 INDUSTRIAL DRIVE
    ST CHARLES,IL60174     		NONE 501C CIVIC & SOCIAL 5,000
    THE OLIVE BRANCH
    2636 W MARQUETTE RD
    CHICAGO,IL606299809     		NONE 501C CIVIC & SOCIAL 1,000
    THE OLIVE BRANCH
    2636 W MARQUETTE RD
    CHICAGO,IL606299809     		NONE 501C CIVIC & SOCIAL 6,500
    PACIFIC GARDEN MISSION
    1458 S CANAL STREET
    CHICAGO,IL606075201     		NONE 501C CIVIC & SOCIAL 3,000
    PLANNED PARENTHOOD ASSOCIATIONCHICAGO
    18 S MICHIGAN AVE 6TH FLOOR
    CHICAGO,IL60603     		NONE 501C CIVIC & SOCIAL 10,000
    POINT FOUNDATION
    3717 N RAVENSWOOD AVE
    CHICAGO,IL606134260     		NONE 501C CIVIC & SOCIAL 1,000
    RAVINIA FESTIVAL
    418 SHERIDAN ROAD
    HIGHLAND PARK,IL600355031     		NONE 501C CIVIC & SOCIAL 2,500
    REHABILITATION INSTITUTE OF CHICAGO
    345 E SUPERIOR STREET 1507
    CHICAGO,IL60611     		NONE 501C CIVIC & SOCIAL 5,000
    REMY BUMPPO THEATRE COMPANY (JFO MATCH)
    3717 N RAVENSWOOD AVE
    CHICAGO,IL606134260     		NONE 501C CIVIC & SOCIAL 650
    REMY BUMPPO THEATRE COMPANY
    3717 N RAVENSWOOD AVE
    CHICAGO,IL606134260     		NONE 501C CIVIC & SOCIAL 5,000
    RESURRECTION DEVELOPMENT FOUNDATION
    150 N RIVER ROAD
    DES PLAINES,IL60016     		NONE 501C CIVIC & SOCIAL 5,000
    RIVER NORTH CHICAGO DANCE COMPANY
    1016 N DEARBORN STREET
    CHICAGO,IL606102804     		NONE 501C CIVIC & SOCIAL 1,500
    ST IGNATIUS COLLEGE PREP
    1076 W ROOSEVELT ROAD
    CHICAGO,IL606081594     		NONE 501C CIVIC & SOCIAL 3,000
    THE SALVATION ARMY
    5040 N PULASKI RD
    CHICAGO,IL60630     		NONE 501C CIVIC & SOCIAL 1,500
    THE SALVATION ARMY
    5040 N PULASKI RD
    CHICAGO,IL60630     		NONE 501C CIVIC & SOCIAL 12,500
    SARAH SIDDONS SOCIETY
    333 N MICHIGAN AVE SUITE 932
    CHICAGO,IL60601     		NONE 501C CIVIC & SOCIAL 1,500
    SAVE VENICE INC
    1104 LEXINGTON AVE 4-C
    NEW YORK,NY10075     		NONE 501C CIVIC & SOCIAL 1,000
    SCHEPENDS EYE RESEARCH INSTITUTE
    20 STANIFORD STREET
    BOSTON,MA02114     		NONE 501C CIVIC & SOCIAL 1,500
    SMILE TRAIN (J LEWIS MATCH)
    41 MADISON AVE 28TH FLOOR
    NEW YORK,NY10010     		NONE 501C CIVIC & SOCIAL 500
    SMILE TRAIN
    41 MADISON AVE 28TH FLOOR
    NEW YORK,NY10010     		NONE 501C CIVIC & SOCIAL 5,000
    STEPPENWOLF THEATRE
    758 W NORTH AVE 4TH FLOOR
    CHICAGO,IL60610     		NONE 501C CIVIC & SOCIAL 15,000
    STEPPENWOLF THEATRE (JFO MATCH)
    758 W NORTH AVE 4TH FLOOR
    CHICAGO,IL60610     		NONE 501C CIVIC & SOCIAL 750
    STILLMAN NATURE CENTER
    33 W PENNY ROAD
    SOUTH BARRINGTON,IL600109578     		NONE 501C CIVIC & SOCIAL 3,000
    THE SUSAN G KOMEN BREAST CANCER FOUNDATION
    8765 W HIGGINS ROAD SUITE 401
    CHICAGO,IL60631     		NONE 501C CIVIC & SOCIAL 5,000
    THE TIME IS NOW
    PO BOX 70
    PELL LAKE,WI531570070     		NONE 501C CIVIC & SOCIAL 10,000
    UNION LEAGUE BOYS & GIRLS CLUB
    65 W JACKSON BLVD
    CHICAGO,IL60604     		NONE 501C CIVIC & SOCIAL 1,000
    UNITY TEMPLE RESTORATION FOUNDATION
    875 LAKE STREET
    OAK PARK,IL603011341     		NONE 501C CIVIC & SOCIAL 1,000
    UNIVERSITY OF CHICAGO (BUSINESS ) (JFO MATCH)
    5801 S ELLIS AVE SUITE 007
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 100
    UNIVERSITY OF CHICAGO (COLLEGE ) (JFO MATCH)
    5801 S ELLIS AVE SUITE 007
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 100
    UNIVERSITY OF CHICAGOSMART MUSEUM OF ART
    5550 S GREENWOOD AVE
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 5,000
    UNIVERSITY OF CHICAGO-HUMANITIES VISITING COMMITTEE
    1115 E 58TH STREET WALKER MUSEUM
    213
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 2,000
    UNIVERSITY OF CHICAGO - HUMANITIESDEAN'S DISCRETIONARY FUND
    1115 E 58TH STREET WALKER MUSEUM
    213
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 5,000
    UNIVERSITY OF CHICAGOORIENTAL INSTITUTE (WRITING EXHIBITION)
    1155 E 58TH STREET
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 2,500
    UNIVERSITY OF CHICAGO - LIBRARY VISITING COMMITTEE (JL MATCH)
    5801 S ELLIS AVE SUITE 007
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 500
    UNIVERSITY OF CHICAGO - VISUAL ARTS VISITING COMMITTEE (JL MATCH)
    5801 S ELLIS AVE SUITE 007
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 500
    UNIVERSITY OF CHICAGO - MACLEAN CENTER
    5841 S MARYLAND AVE MC 6098
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 5,000
    UNIVERSITY OF CHICAGO - MEDICAL CENTER
    5841 S MARYLAND AVE
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 3,500
    UNIVERSITY OF CHICAGO - RENAISSANCE SOCIETY
    5811 S ELLIS AVE SUITE 007
    CHICAGO,IL60637     		NONE 501C CIVIC & SOCIAL 1,000
    VITAL BRIDGES (FORMERLY OPEN HAND)
    5543 N BROADWAY
    CHICAGO,IL60649     		NONE 501C CIVIC & SOCIAL 2,500
    WFMT
    5400 N ST LOUIS AVE
    CHICAGO,IL606254698     		NONE 501C CIVIC & SOCIAL 5,000
    WINGS
    PO BOX 95615
    PALATINE,IL60095     		NONE 501C CIVIC & SOCIAL 5,000
    WEST SUBURBAN PADS
    1851 SOUTH 9TH AVE
    MAYWOOD,IL60153     		NONE 501C CIVIC & SOCIAL 2,500
    WORLD HUNGER RELIEF
    PO BOX 639
    ELM MOTT,TX76640     		NONE 501C CIVIC & SOCIAL 5,000
    WORLD MONUMENTS FUND (JL MATCH)
    95 MADISON AVE 9TH FLOOR
    NEW YORK,NY10016     		NONE 501C CIVIC & SOCIAL 250
    WTTW11
    5400 N ST LOUIS AVE
    CHICAGO,IL606254698     		NONE 501C CIVIC & SOCIAL 5,000
    Total .................................bullet 3a 695,925
    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 2,459  
    4 Dividends and interest from securities....     14 419,681  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 15,708  
    8Gain or (loss) from sales of assets other than inventory     14 8,465  
    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).. 0 446,313 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13446,313
    (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 RHOADES FOUNDATION
    EIN: 36-2994856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,000 6,000 0 0

    TY 2010 AllOthProgRltdInvestmentsSch
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Category Amount
    NONE 0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORP. BONDS - ACCT# 2952 1,536,364 1,632,083

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORP. STOCKS - ACCT# 2952 5,267,862 7,228,582

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    US Government Securities - End of Year Book Value:

    2,967,147
    US Government Securities - End of Year Fair Market Value:

    3,131,991
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 LegalFeesSchedule
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 125 125 0 0


    TY 2010 OtherExpensesSchedule
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK AGENCY FEES 14,483 14,483 0 0
    BANK FEES 156 156 0 0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 10,139 10,139  
    HARRIS CLASS ACTION AWARDS 5,569 5,569  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 84,628 84,628 0 0
    SECRETARY 1,313 1,313 0 0


    TY 2010 TaxesSchedule
    Name:
    THE RHOADES FOUNDATION
    EIN: 36-2994856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 2,550 2,550 0 0
    IL CHARITY BUREAU 15 15 0 0
    IL SECRETARY OF STATE 15 15 0 0
    FOREIGN TAX 828 828 0 0