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 HUGHES-MONAGHAN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)5 CRUSE ALLEY SE   Room/suite
City or town, state, and ZIP code
HUNTSVILLE, AL35801
A Employer identification number

72-1374260
B Telephone number (see page 10 of the instructions)

(256) 517-5152
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$324,427J 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      
4 Dividends and interest from securities...... 8,741 8,741  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 5,814
b Gross sales price for all assets on line 6a 119,211
7 Capital gain net income (from Part IV, line 2)...  
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........ 14,555 8,741  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,710      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
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 6,122 6,039    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,832 6,039   0
25 Contributions, gifts, grants paid........ 14,950 14,950
26 Total expenses and disbursements. Add lines 24 and 25 22,782 6,039   14,950
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,227
b Net investment income (if negative, enter -0-) 2,702
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 10,330 11,553 11,553
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) 76,313 Click to see attachment68,091 71,337
b Investments—corporate stock (attach schedule)........ 175,098 Click to see attachment170,904 195,542
c Investments—corporate bonds (attach schedule)........ 39,978 Click to see attachment42,944 45,995
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) 301,719 293,492 324,427
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 301,719 293,492
30 Total net assets or fund balances (see page 17 of the
instructions).................... 301,719 293,492
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 301,719 293,492
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)............... 1 301,719
2 Enter amount from Part I, line 27a...................... 2 -8,227
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 293,492
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 293,492
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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 18,325 302,986 0.060481
2008 20,518 364,066 0.056358
2007 19,800 424,370 0.046657
2006 22,700 414,962 0.054704
2005 19,575 396,918 0.049317
2 Total of line 1, column (d) ...................... 2 0.267517
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 0.053503
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 313,282
5 Multiply line 4 by line 3....................... 5 16,762
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 27
7 Add lines 5 and 6......................... 7 16,789
8 Enter qualifying distributions from Part XII, line 4.............. 8 14,950
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 54
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 54
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 54
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 314
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.............. 7 314
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 260
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet260 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    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 ofbulletE CUTTER HUGHES Telephone no.bullet (256) 517-5152
    Located atbullet5 CRUSE ALLEY SEHUNTSVILLEAL ZIP+4bullet35801
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
     
    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
    E CUTTER HUGHESClick to see attachment FOUNDATION M
    1.00     		0 0 0
    5 CRUSE ALLEY SE
    HUNTSVILLE,AL35801
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    309,706
    b
    Average of monthly cash balances.......................
    1b
    8,347
    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
    318,053
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    318,053
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    4,771
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    313,282
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    15,664
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    15,664
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    54
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    54
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    15,610
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    15,610
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    15,610
    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
    14,950
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    14,950
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    14,950
    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 15,610
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 15,124
    b Total for prior years:2008, 20, 20 18,154
    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.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 14,950
    a Applied to 2009, but not more than line 2a 14,950
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		18,154
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		18,154
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		174
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		15,610
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    E CUTTER HUGHES
    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:
    E CUTTER HUGHES
    5 CRUSE ALLEY SE
    HUNTSVILLE,AL35801
    (256) 517-5152
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST
    cAny submission deadlines:
    NONE. EACH REQUEST IS CONSIDERED AS RECEIVED.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HUNTSVILLE SYMPHONY
    ORCHESTRA
    700 MONROE ST SW
    HUNTSVILLE,AL35801     		  PUBLIC FOR MUSICAL PERFORMANCES 2,000
    MADISON PUBLIC LIBRARY
    130 PLAZA BOULEVARD
    MADISON,AL35758     		  PUBLIC CHILDREN'S GARDEN LIBRARY PROGRAM 800
    UNIVERSITY OF VIRGINIA
    LAW SCHOOL FOUNDATION
    500 MASSIE ROAD
    CHARLOTTESVILLE,VA22903     		  PRIVATE LEGAL EDUCATION & UVA ACTIVITIES 250
    HUNTSVILLE PUBLIC LIBRARY
    FOUNDATION
    PO BOX 443
    HUNTSVILLE,AL35804     		  PRIVATE BENJAMIN FRANKLIN COLLECTION 3,000
    THE FRIENDS OF FRANKLIN
    PO BOX 40048
    PHILADELPHIA,PA19106     		  PUBLIC PROMOTION OF KNOWLEDGE OF FRANKLIN 500
    ST MARY OF THE VISITATION
    CHURCH
    222 JEFFERSON ST N
    HUNTSVILLE,AL35801     		  CHURCH RELIGIOUS ACTIVITIES & SUPPORT 500
    THE SALVATION ARMY
    2112 OAKWOOD AVE
    HUNTSVILLE,AL35810     		  PUBLIC AIDING THOSE IN NEED OF SUPPORT 1,500
    RANDOLPH SCHOOL
    1005 DRAKE AVE SE
    HUNTSVILLE,AL35801     		  SCHOOL SCHOLARSHIP FOR FISCAL NEEDS 1,000
    GREENGATE SCHOOL
    501 HOLMES AVE
    HUNTSVILLE,AL35801     		  PUBLIC EDUCATION OF LEARNING-DISABLED KIDS 2,500
    CHURCH OF THE NATIVITY
    208 EUSTIS AVE SE
    HUNTSVILLE,AL35801     		  CHURCH RELIGIOUS & HISTORIC BLDG PRESERV. 500
    HUNTSVILLE MADISON COUNTY
    VETERANS
    PO BOX 18903
    HUNTSVILLE,AL35804     		  PUBLIC CONSTRUCTION OF VETERAN MEMORIAL 2,000
    BENJAMIN FRANKLIN HOUSE
    FOUNDATION
    PO BOX 752
    NEW YORK,NY10024     		  PUBLIC PRESERVATION OF FRANKLIN HOUSE 200
    THE LAND TRUST
    OF HUNTSVILLE
    PO BOX 2582
    HUNTSVILLE,AL35804     		  PUBLIC PURCHASING & PRESERVING LAND 200
    Total .................................bullet 3a 14,950
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 8,741  
    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         5,814
    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)..   8,741 5,814
    13Total. Add line 12, columns (b), (d), and (e)...................
    1314,555
    (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 HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      1,710      

    TY 2010 CompensationExplanation
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Person Name Explanation
    E CUTTER HUGHES  

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

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    20 SH HEWLETT PACKARD CO DEL 2008-11 PURCHASE 2010-09   764 601     163  
    9 SH HEWLETT PACKARD CO DEL 2008-11 PURCHASE 2010-09   355 270     85  
    7 SH HEWLETT PACKARD CO DEL 2006-12 PURCHASE 2010-09   267 277     -10  
    46 SH HEWLETT PACKARD CO DEL 2005-04 PURCHASE 2010-09   1,756 1,003     753  
    10 SH CSX CORP 2008-11 PURCHASE 2010-02   433 384     49  
    4 SH CSX CORP 2008-11 PURCHASE 2010-02   172 153     19  
    19 SH CSX CORP 2005-07 PURCHASE 2010-02   817 430     387  
    16 SH CSX CORP 2005-07 PURCHASE 2010-02   693 362     331  
    5 SH JOHNSON AND JOHNSON COM 1997-08 PURCHASE 2010-05   325 153     172  
    7 SH JOHNSON AND JOHNSON COM 1997-08 PURCHASE 2010-05   457 215     242  
    6 SH JOHNSON AND JOHNSON COM 1997-08 PURCHASE 2010-05   388 184     204  
    1 SH JOHNSON AND JOHNSON COM 1997-08 PURCHASE 2010-11   65 31     34  
    5 SH ROSS STORES INC COM 2008-10 PURCHASE 2010-11   318 147     171  
    2 SH ROSS STORES INC COM 2008-10 PURCHASE 2010-11   126 59     67  
    12 SH ROSS STORES INC COM 2008-10 PURCHASE 2010-11   761 353     408  
    7 SH NORTHROP GRUMMAN CORP 2009-08 PURCHASE 2010-10   424 326     98  
    2 SH NORTHROP GRUMMAN CORP 2009-08 PURCHASE 2010-11   131 93     38  
    2 SH NORTHROP GRUMMAN CORP 2009-08 PURCHASE 2010-10   123 93     30  
    25 SH NORTHROP GRUMMAN CORP 2009-08 PURCHASE 2010-10   1,542 1,141     401  
    9 SH MEDCO HEALTH SOLUTIONS I 2009-08 PURCHASE 2010-09   458 490     -32  
    13 SH MEDCO HEALTH SOLUTIONS I 2009-08 PURCHASE 2010-09   661 707     -46  
    15 SH MEDCO HEALTH SOLUTIONS I 2008-05 PURCHASE 2010-09   763 717     46  
    1 SH MEDCO HEALTH SOLUTIONS I 2008-05 PURCHASE 2010-07   57 47     10  
    4 SH MEDCO HEALTH SOLUTIONS I 2008-05 PURCHASE 2010-09   203 187     16  
    7 SH MEDCO HEALTH SOLUTIONS I 2008-05 PURCHASE 2010-07   399 327     72  
    13 SH MEDCO HEALTH SOLUTIONS I 2007-04 PURCHASE 2010-07   736 478     258  
    10 SH MEDCO HEALTH SOLUTIONS I 2007-04 PURCHASE 2010-07   570 368     202  
    7 SH INTL BUSINESS MACHINES 2007-02 PURCHASE 2010-06   906 691     215  
    1 SH INTL BUSINESS MACHINES 2007-02 PURCHASE 2010-11   146 99     47  
    8 SH INTL BUSINESS MACHINES 2007-02 PURCHASE 2010-06   1,034 789     245  
    10 SH BMC SOFTWARE INC 2009-08 PURCHASE 2010-08   363 348     15  
    9 SH BMC SOFTWARE INC 2009-08 PURCHASE 2010-08   326 313     13  
    7 SH BMC SOFTWARE INC 2009-08 PURCHASE 2010-08   258 243     15  
    9 SH BMC SOFTWARE INC 2009-02 PURCHASE 2010-08   332 261     71  
    6 SH BMC SOFTWARE INC 2009-02 PURCHASE 2010-07   219 174     45  
    17 SH BMC SOFTWARE INC 2009-02 PURCHASE 2010-08   626 493     133  
    10 SH BMC SOFTWARE INC 2009-02 PURCHASE 2010-07   367 290     77  
    7 SH BMC SOFTWARE INC 2008-11 PURCHASE 2010-07   257 173     84  
    13 SH FAMILY DOLLAR STORES 2009-04 PURCHASE 2010-04   504 443     61  
    7 SH FAMILY DOLLAR STORES 2009-04 PURCHASE 2010-04   271 239     32  
    29 SH FAMILY DOLLAR STORES 2009-04 PURCHASE 2010-04   1,122 951     171  
    24 SH FAMILY DOLLAR STORES 2009-04 PURCHASE 2010-04   911 787     124  
    6 SH FAMILY DOLLAR STORES 2009-04 PURCHASE 2010-04   228 199     29  
    5 SH MCKESSON CORPORATION COM 2006-10 PURCHASE 2010-11   336 255     81  
    13 SH MCKESSON CORPORATION COM 2006-01 PURCHASE 2010-11   875 696     179  
    8 SH MCKESSON CORPORATION COM 2006-01 PURCHASE 2010-11   538 428     110  
    12 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2010-05   572 410     162  
    3 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2010-11   149 103     46  
    3 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2010-05   148 103     45  
    4 SH COMPUTER SCIENCE CRP 2009-03 PURCHASE 2010-05   197 137     60  
    22 SH SYSCO CORPORATION 2008-11 PURCHASE 2010-08   604 501     103  
    34 SH SYSCO CORPORATION 2008-11 PURCHASE 2010-08   940 779     161  
    3 SH SYSCO CORPORATION 2008-11 PURCHASE 2010-08   82 69     13  
    8 SH SYSCO CORPORATION 2008-10 PURCHASE 2010-08   221 198     23  
    3 SH SYSCO CORPORATION 2008-10 PURCHASE 2010-08   83 71     12  
    29 SH UNUM GROUP 2008-10 PURCHASE 2010-04   732 573     159  
    3 SH UNUM GROUP 2008-10 PURCHASE 2010-11   68 59     9  
    18 SH UNUM GROUP 2008-10 PURCHASE 2010-04   461 356     105  
    2 SH ACE LIMITED 2009-05 PURCHASE 2010-11   124 87     37  
    5 SH ACE LIMITED 2009-05 PURCHASE 2010-07   264 215     49  
    19 SH ACE LIMITED 2009-04 PURCHASE 2010-07   1,004 857     147  
    6 SH DARDEN RESTAURANTS INC 2009-04 PURCHASE 2010-04   289 232     57  
    19 SH DARDEN RESTAURANTS INC 2009-04 PURCHASE 2010-04   916 739     177  
    1000 SH FEDERAL NATL MTG ASSOC 2007-06 PURCHASE 2010-10   1,216 988     228  
    8 SH XILINX INC 2008-11 PURCHASE 2010-11   220 128     92  
    8 SH XILINX INC 2008-11 PURCHASE 2010-11   222 128     94  
    49 SH XILINX INC 2008-08 PURCHASE 2010-11   1,357 1,346     11  
    4 SH XILINX INC 2008-08 PURCHASE 2010-11   111 108     3  
    14 SH XILINX INC 2008-08 PURCHASE 2010-11   388 379     9  
    22 SH TRAVELERS COS INC 2005-09 PURCHASE 2010-04   1,148 968     180  
    1 SH TRAVELERS COS INC 2005-09 PURCHASE 2010-11   57 44     13  
    4 SH CHEVRON CORP 1997-08 PURCHASE 2010-11   339 158     181  
    4000 SH US TSY 5.000% AUG 15 20 2006-05 PURCHASE 2010-10   4,150 3,991     159  
    1000 SH US TSY 4.250% NOV 15 20 2007-12 PURCHASE 2010-10   1,169 1,015     154  
    1000 SH JPMORGAN CHASE & 5.12% 2007-06 PURCHASE 2010-11   1,100 956     144  
    1000 SH GOLDMAN SACHS GRO 5.35% 2006-01 PURCHASE 2010-11   1,115 1,001     114  
    2 SH OCCIDENTAL PETE CORP CAL 2005-10 PURCHASE 2010-11   169 75     94  
    6 SH TEXAS INSTRUMENTS 2009-10 PURCHASE 2010-11   184 136     48  
    1000 SH US TSY 4.375% DEC 15 20 2009-08 PURCHASE 2010-10   1,005 1,004     1  
    4000 SH US TSY 4.375% DEC 15 20 2007-05 PURCHASE 2010-10   4,020 3,978     42  
    15 SH GAP INC DELAWARE 2008-04 PURCHASE 2010-11   310 282     28  
    7 SH GAP INC DELAWARE 2008-04 PURCHASE 2010-11   144 131     13  
    1000 SH FEDERAL NATL MTG ASSOC 2009-08 PURCHASE 2010-06   1,034 1,028     6  
    1000 SH FEDERAL NATL MTG ASSOC 2008-10 PURCHASE 2010-06   1,034 1,008     26  
    3 SH MARATHON OIL CORP 2009-07 PURCHASE 2010-11   102 85     17  
    4 SH VERIZON COMMUNICATNS COM 2009-04 PURCHASE 2010-11   134 123     11  
    1 SH LOCKHEED MARTIN CORP 2005-11 PURCHASE 2010-11   72 61     11  
    1000 SH US TSY 4.125% AUG 15 20 2009-08 PURCHASE 2010-06   1,005 1,005        
    4000 SH US TSY 4.125% AUG 15 20 2008-04 PURCHASE 2010-06   4,020 4,011     9  
    1 SH WSTN DIGITAL CORP DEL 2008-02 PURCHASE 2010-11   34 32     2  
    2 SH WSTN DIGITAL CORP DEL 2008-02 PURCHASE 2010-11   67 61     6  
    3 SH CONAGRA FOODS INC 2009-06 PURCHASE 2010-11   67 59     8  
    19 SH ARCHER DANIELS MIDLD 2009-04 PURCHASE 2010-04   538 511     27  
    14 SH ARCHER DANIELS MIDLD 2009-04 PURCHASE 2010-04   401 377     24  
    10 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-04   286 280     6  
    6 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-01   185 172     13  
    8 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-01   244 229     15  
    8 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-01   245 229     16  
    29 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-04   830 829     1  
    14 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-01   432 400     32  
    11 SH ARCHER DANIELS MIDLD 2009-02 PURCHASE 2010-01   340 316     24  
    3 SH AT& T INC 2008-11 PURCHASE 2010-11   88 81     7  
    3 SH RAYTHEON CO DELAWARE NEW 2006-05 PURCHASE 2010-11   144 138     6  
    2 SH EXXON MOBIL CORP COM 2006-10 PURCHASE 2010-11   139 139        
    6 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-12   461 322     139  
    13 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-12   1,023 697     326  
    11 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-12   845 585     260  
    3 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-06   171 150     21  
    2 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-12   154 100     54  
    1 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-11   72 50     22  
    2 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-06   117 100     17  
    11 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-06   645 548     97  
    10 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-06   587 498     89  
    11 SH LAUDER ESTEE COS INC A 2010-01 PURCHASE 2010-06   654 542     112  
    44 SH COCA COLA ENTERPRISES 2009-06 PURCHASE 2010-06   1,139 765     374  
    13 SH COCA COLA ENTERPRISES 2009-06 PURCHASE 2010-06   338 226     112  
    2 SH COCA COLA ENTERPRISES 2009-06 PURCHASE 2010-06   52 35     17  
    39 SH COCA COLA ENTERPRISES 2009-06 PURCHASE 2010-06   1,018 664     354  
    6 SH CHECK POINT SOFTWRE TECH 2009-05 PURCHASE 2010-02   197 144     53  
    13 SH CHECK POINT SOFTWRE TECH 2009-05 PURCHASE 2010-02   425 312     113  
    24 SH CHECK POINT SOFTWRE TECH 2009-05 PURCHASE 2010-02   784 565     219  
    21 SH CHECK POINT SOFTWRE TECH 2009-05 PURCHASE 2010-02   690 494     196  
    3 SH EATON CORP 2010-02 PURCHASE 2010-09   227 191     36  
    2 SH EATON CORP 2010-02 PURCHASE 2010-11   186 127     59  
    1 SH EATON CORP 2010-02 PURCHASE 2010-09   77 64     13  
    14 SH EATON CORP 2010-02 PURCHASE 2010-09   1,061 877     184  
    16 SH WALGREEN CO 2010-06 PURCHASE 2010-10   550 480     70  
    16 SH WALGREEN CO 2010-06 PURCHASE 2010-10   556 480     76  
    17 SH WALGREEN CO 2010-06 PURCHASE 2010-10   591 506     85  
    8 SH WALGREEN CO 2010-06 PURCHASE 2010-10   271 238     33  
    8 SH WALGREEN CO 2010-06 PURCHASE 2010-10   271 258     13  
    16 SH WALGREEN CO 2010-06 PURCHASE 2010-10   539 519     20  
    1 SH WALGREEN CO 2010-06 PURCHASE 2010-10   34 32     2  
    8 SH WALGREEN CO 2010-06 PURCHASE 2010-08   225 259     -34  
    24 SH WALGREEN CO 2010-06 PURCHASE 2010-08   676 777     -101  
    2 SH FLOWSERVE CORP 2009-09 PURCHASE 2010-08   200 192     8  
    2 SH FLOWSERVE CORP 2009-09 PURCHASE 2010-08   204 190     14  
    4 SH FLOWSERVE CORP 2009-09 PURCHASE 2010-08   401 379     22  
    7 SH FLOWSERVE CORP 2009-09 PURCHASE 2010-08   712 651     61  
    4 SH FLOWSERVE CORP 2009-09 PURCHASE 2010-08   407 365     42  
    1000 SH US TSY 3.625% FEB 15 20 2010-03 PURCHASE 2010-10   1,111 996     115  
    5000 SH US TSY 2.625% JUN 30 20 2009-07 PURCHASE 2010-03   5,074 4,985     89  
    6 SH LIMITED BRANDS INC 2010-06 PURCHASE 2010-10   177 152     25  
    8 SH LIMITED BRANDS INC 2010-06 PURCHASE 2010-11   249 203     46  
    1000 SH US TSY 3.500% MAY 15 20 2010-06 PURCHASE 2010-10   1,099 1,034     65  
    15 SH WILLIAMS COMPANIES DEL 2010-08 PURCHASE 2010-11   331 277     54  
    9 SH NEWS CORP CL A 2010-08 PURCHASE 2010-10   125 112     13  
    8 SH NEWS CORP CL A 2010-08 PURCHASE 2010-11   118 99     19  
    3 SH TJX COS INC NEW 2009-12 PURCHASE 2010-11   140 114     26  
    63 SH CITIGROUP INC 2010-06 PURCHASE 2010-11   267 252     15  
    4 SH GARMIN LTD (KAYMAN IS) 2009-09 PURCHASE 2010-06   131 130     1  
    12 SH GARMIN LTD (KAYMAN IS) 2009-08 PURCHASE 2010-06   398 390     8  
    11 SH GARMIN LTD (KAYMAN IS) 2009-08 PURCHASE 2010-06   361 357     4  
    3 SH TARGET CORP COM 2010-03 PURCHASE 2010-11   167 156     11  
    7 SH SYMANTEC CORP COM 2010-09 PURCHASE 2010-10   107 108     -1  
    7 SH SYMANTEC CORP COM 2010-09 PURCHASE 2010-11   116 108     8  
    5 SH NABORS INDUSTRIES LTD 2009-11 PURCHASE 2010-11   108 103     5  
    19 SH MOTOROLA INC COM 2010-09 PURCHASE 2010-10   159 155     4  
    19 SH MOTOROLA INC COM 2010-09 PURCHASE 2010-11   153 155     -2  
    1 SH CARDINAL HEALTH INC OHIO 2010-03 PURCHASE 2010-11   35 35        
    5 SH SARA LEE CORP COM 2010-06 PURCHASE 2010-11   74 74        
    1 SH PRUDENTIAL FINANCIAL INC 2010-05 PURCHASE 2010-11   55 56     -1  
    3 SH HERSHEY COMPANY 2010-10 PURCHASE 2010-11   147 147        
    5 SH DR PEPPER SNAPPLE GROUP 2010-07 PURCHASE 2010-11   186 193     -7  
    68 SH DISCOVER FINL SVCS 2009-11 PURCHASE 2010-03   1,028 1,042     -14  
    29 SH DISCOVER FINL SVCS 2009-11 PURCHASE 2010-03   444 444        
    44 SH DISCOVER FINL SVCS 2009-11 PURCHASE 2010-03   674 672     2  
    4 SH CAPITAL ONE FINL 2010-03 PURCHASE 2010-11   154 170     -16  
    5 SH ENSCO INTL LTD SPNSR ADR 2009-10 PURCHASE 2010-01   210 238     -28  
    3 SH SANDISK CORP INC 2010-08 PURCHASE 2010-10   119 138     -19  
    8 SH SANDISK CORP INC 2010-08 PURCHASE 2010-11   324 369     -45  
    5 SH GARMIN LTD 2009-09 PURCHASE 2010-06   149 158     -9  
    16 SH GARMIN LTD 2009-09 PURCHASE 2010-06   473 506     -33  
    18 SH GARMIN LTD 2009-09 PURCHASE 2010-06   557 585     -28  
    15 SH GARMIN LTD 2009-09 PURCHASE 2010-06   446 488     -42  
    2 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-04   63 68     -5  
    8 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-04   245 270     -25  
    26 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-04   804 879     -75  
    8 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-04   253 262     -9  
    1 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-03   28 33     -5  
    9 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-03   257 295     -38  
    22 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-04   694 722     -28  
    13 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-03   363 422     -59  
    12 SH PRIDE INTL INC DEL 2009-10 PURCHASE 2010-03   335 389     -54  
    5 SH APOLLO GROUP INC CL A 2009-04 PURCHASE 2010-01   297 303     -6  
    4 SH APOLLO GROUP INC CL A 2009-04 PURCHASE 2010-01   239 243     -4  
    1 SH APOLLO GROUP INC CL A 2009-04 PURCHASE 2010-01   60 61     -1  
    3 SH APOLLO GROUP INC CL A 2009-04 PURCHASE 2010-01   179 200     -21  
    15 SH APOLLO GROUP INC CL A 2009-03 PURCHASE 2010-01   895 1,183     -288  
    2 SH APOLLO GROUP INC CL A 2009-03 PURCHASE 2010-01   119 158     -39  
    2 SH FREEPRT-MCMRAN CPR & GLD 2010-04 PURCHASE 2010-07   142 171     -29  
    2 SH FREEPRT-MCMRAN CPR & GLD 2010-04 PURCHASE 2010-11   204 171     33  
    15 SH FREEPRT-MCMRAN CPR & GLD 2010-04 PURCHASE 2010-07   1,067 1,265     -198  
    14 SH FREEPRT-MCMRAN CPR & GLD 2010-04 PURCHASE 2010-07   996 1,191     -195  
    5 SH GOLDMAN SACHS GROUP INC 2010-04 PURCHASE 2010-06   687 765     -78  
    6 SH GOLDMAN SACHS GROUP INC 2009-09 PURCHASE 2010-06   825 998     -173  
    10 SH GOLDMAN SACHS GROUP INC 2009-07 PURCHASE 2010-06   1,375 1,446     -71  
    2 SH GOLDMAN SACHS GROUP INC 2009-07 PURCHASE 2010-05   278 288     -10  
    2 SH GOLDMAN SACHS GROUP INC 2009-07 PURCHASE 2010-06   275 288     -13  
    4 SH GOLDMAN SACHS GROUP INC 2009-06 PURCHASE 2010-05   560 582     -22  
    5 SH GOLDMAN SACHS GROUP INC 2009-06 PURCHASE 2010-05   696 727     -31  
    34 SH AES CORP 2009-09 PURCHASE 2010-06   337 513     -176  
    32 SH AES CORP 2009-09 PURCHASE 2010-06   310 483     -173  
    78 SH AES CORP 2009-09 PURCHASE 2010-06   755 1,172     -417  
    26 SH AES CORP 2009-09 PURCHASE 2010-06   254 391     -137  
    73 SH AES CORP 2009-09 PURCHASE 2010-06   713 1,050     -337  
    1 SH WAL-MART STORES INC 2008-07 PURCHASE 2010-11   55 56     -1  
    3 SH KROGER CO 2006-12 PURCHASE 2010-11   70 72     -2  
    1 SH AMGEN INC COM PV 0.0001 2008-11 PURCHASE 2010-11   56 61     -5  
    10 SH SAFEWAY INC NEW 2006-01 PURCHASE 2010-11   237 244     -7  
    8 SH FRONTIER COMMUNICATIONS 2009-07 PURCHASE 2010-09   61 65     -4  
    9 SH FRONTIER COMMUNICATIONS 2009-04 PURCHASE 2010-09   69 76     -7  
    8 SH CA INC 2007-09 PURCHASE 2010-11   188 200     -12  
    3 SH HONEYWELL INTL INC DEL 2007-06 PURCHASE 2010-11   147 168     -21  
    1 SH L-3 COMMNCTNS HLDGS 2007-08 PURCHASE 2010-11   73 97     -24  
    2 SH NRG ENERGY INC 2007-12 PURCHASE 2010-11   39 86     -47  
    1 SH CHUBB CORP 2008-02 PURCHASE 2010-04   52 54     -2  
    1 SH CHUBB CORP 2008-02 PURCHASE 2010-11   60 54     6  
    11 SH CHUBB CORP 2008-02 PURCHASE 2010-04   564 594     -30  
    8 SH CHUBB CORP 2008-02 PURCHASE 2010-04   412 432     -20  
    1 SH CHUBB CORP 2008-02 PURCHASE 2010-04   52 54     -2  
    4 SH CHUBB CORP 2008-02 PURCHASE 2010-04   207 212     -5  
    2 SH DOVER CORP 2008-05 PURCHASE 2010-08   98 104     -6  
    3 SH DOVER CORP 2008-05 PURCHASE 2010-11   166 157     9  
    7 SH DOVER CORP 2008-05 PURCHASE 2010-08   345 366     -21  
    11 SH DOVER CORP 2008-05 PURCHASE 2010-08   538 595     -57  
    1 SH DOVER CORP 2008-05 PURCHASE 2010-08   49 53     -4  
    38 SH MICROSOFT CORP 2002-11 PURCHASE 2010-10   960 1,063     -103  
    7 SH MICROSOFT CORP 2002-11 PURCHASE 2010-11   190 196     -6  
    8 SH INTL PAPER CO 2007-09 PURCHASE 2010-11   208 285     -77  
    6 SH INTL PAPER CO 2007-09 PURCHASE 2010-11   156 212     -56  
    5 SH CONOCOPHILLIPS 2008-06 PURCHASE 2010-11   304 463     -159  
    113 SH QWEST COMM INTL INC COM 2006-01 PURCHASE 2010-01   489 698     -209  
    18 SH QWEST COMM INTL INC COM 2006-01 PURCHASE 2010-11   123 111     12  
    198 SH QWEST COMM INTL INC COM 2006-01 PURCHASE 2010-01   839 1,223     -384  
    2 SH FOREST LABS INC 2008-08 PURCHASE 2010-11   68 74     -6  
    14 SH FOREST LABS INC 2007-01 PURCHASE 2010-05   376 720     -344  
    10 SH FOREST LABS INC 2007-01 PURCHASE 2010-05   269 514     -245  
    6 SH FOREST LABS INC 2007-01 PURCHASE 2010-05   163 308     -145  
    7 SH FOREST LABS INC 2007-01 PURCHASE 2010-05   190 356     -166  
    56 SH PFIZER INC 2008-11 PURCHASE 2010-03   975 907     68  
    12 SH PFIZER INC 2008-04 PURCHASE 2010-03   209 244     -35  
    1 SH PFIZER INC 2008-04 PURCHASE 2010-03   17 21     -4  
    15 SH PFIZER INC 2008-04 PURCHASE 2010-03   266 313     -47  
    7 SH PFIZER INC 2008-04 PURCHASE 2010-03   124 145     -21  
    47 SH PFIZER INC 2008-04 PURCHASE 2010-03   832 966     -134  
    36 SH PFIZER INC 2006-12 PURCHASE 2010-03   638 881     -243  
    40 SH PFIZER INC 2004-09 PURCHASE 2010-03   709 1,281     -572  
    64 SH PFIZER INC 2003-07 PURCHASE 2010-03   1,135 2,097     -962  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 42,944 45,995

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES 170,904 195,542

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    US Government Securities - End of Year Book Value:

    68,091
    US Government Securities - End of Year Fair Market Value:

    71,337
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 OtherExpensesSchedule
    Name:
    THE HUGHES-MONAGHAN FOUNDATION
    EIN: 72-1374260
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK CHARGES 83      
    INVESTMENT FEES 6,039 6,039