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
SAM L COHEN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1123   Room/suite
City or town, state, and ZIP code
PORTLAND, ME04104
A Employer identification number

20-2262822
B Telephone number (see page 10 of the instructions)

(207) 871-5600
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$38,535,508J 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...... 739,151 739,151  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 645,691
b Gross sales price for all assets on line 6a 4,780,751
7 Capital gain net income (from Part IV, line 2)... 645,691
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 113,027 91,223  
12 Total. Add lines 1 through 11........ 1,497,869 1,476,065  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 161,500 16,150   145,350
14 Other employee salaries and wages...... 67,263 6,726   60,537
15 Pension plans, employee benefits....... 20,372 2,037   18,335
16a Legal fees (attach schedule)......... Click to see attachment 2,927 585   2,342
b Accounting fees (attach schedule)....... Click to see attachment 6,840 1,368   5,472
c Other professional fees (attach schedule).... Click to see attachment 200,934 200,934   0
17 Interest............... 72,095 72,095   0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 26,053 14,322   11,731
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,231 2,446   9,785
22 Printing and publications.......... 1,269 0   1,269
23 Other expenses (attach schedule)....... Click to see attachment 44,742 21,191   23,551
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 616,226 337,854   278,372
25 Contributions, gifts, grants paid........ 1,514,653 1,514,653
26 Total expenses and disbursements. Add lines 24 and 25 2,130,879 337,854   1,793,025
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -633,010
b Net investment income (if negative, enter -0-) 1,138,211
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............... 34,663 29,919 29,919
2 Savings and temporary cash investments.......... 352,405 255,177 255,177
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) 3,152,157 Click to see attachment3,380,302 3,276,578
b Investments—corporate stock (attach schedule)........ 11,334,602 Click to see attachment11,793,789 13,682,363
c Investments—corporate bonds (attach schedule)........ 1,431,911 Click to see attachment1,516,426 1,612,662
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 17,138,870 Click to see attachment15,835,985 19,678,809
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) 33,444,608 32,811,598 38,535,508
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 0 0
29 Retained earnings, accumulated income, endowment, or other funds 33,444,608 32,811,598
30 Total net assets or fund balances (see page 17 of the
instructions).................... 33,444,608 32,811,598
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 33,444,608 32,811,598
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 33,444,608
2 Enter amount from Part I, line 27a...................... 2 -633,010
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 32,811,598
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 32,811,598
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 K1:ADAGE CAPITAL PARTNERS, LP P    
b K1:COLCHESTER GLOBAL BOND FUND P    
c K1:SANDERSON INTN'L VALUE FUND P    
d K1:WTC-CTF STRATEGIC REAL ASSET PORTFOLIO P    
e PUBLICLY TRADED SECURITIES P    
PUBLICLY TRADED SECURITIES P    
K:1 AEOW 2000 P    
AEOW 2000 DISTRIBUTION IN EXCESS OF BASIS P    
K1: AEW GLOBAL PROPERTY SECURITY FUND P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a       66,762
b       17,080
c       68,077
d       214,719
e 1,373,548   1,279,453 94,095
3,311,545   3,251,177 60,368
      68,027
      3,881
      -42,976
95,658     95,658
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       66,762
b       17,080
c       68,077
d       214,719
e       94,095
      60,368
      68,027
      3,881
      -42,976
      95,658
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 2 645,691
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 1,836,019 31,750,610 0.057826
2008 1,479,549 37,731,074 0.039213
2007 1,851,776 44,749,498 0.041381
2006 1,006,745 40,050,454 0.025137
2005 100,384 1,285,644 0.078081
2 Total of line 1, column (d) ...................... 2 0.241638
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 0.048328
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 35,744,749
5 Multiply line 4 by line 3....................... 5 1,727,472
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 11,382
7 Add lines 5 and 6......................... 7 1,738,854
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,793,025
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 11,382
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 11,382
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 11,382
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 15,000
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 15,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,618
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet3,618 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changesClick to see attachment....
3
Yes
 
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)bulletME
    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 addressbulletWWW.SAMLCOHENFOUNDATION.ORG
    14
    The books are in care ofbulletNANCY BRAIN Telephone no.bullet (207) 871-5600
    Located atbullet50 FODEN ROADSOUTH PORTLANDME ZIP+4bullet04106
    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
     
    No
    .........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
    JEROME F GOLDBERG ESQ DIRECTOR, CHAIR
    10.00     		18,500 0 0
    PO BOX 1123
    PORTLAND,ME04104
    EDWARD K SIMENSKY CPA DIRECTOR, TREASURER
    2.00     		10,000 0 0
    268 MAIN STREET PO BOX 760
    SACO,ME04072
    JEFFREY A NATHANSON ESQ DIRECTOR
    2.00     		10,000 0 0
    BANKNORTH ONE PORTLAND SQUARE PO
    BOX 9540
    PORTLAND,ME041129540
    SHERRY P BRODER ESQ DIRECTOR
    2.00     		10,000 0 0
    DAVIES PACIFIC CENTER 841 BISHOP ST
    SUITE 800
    HONOLULU,HI96813
    NANCY BRAIN EXECUTIVE DIRECTOR
    40.00     		103,000 13,662 0
    PO BOX 1123
    PORTLAND,ME04104
    ELINOR MILLER DIRECTOR
    1.00     		5,000 0 0
    45 BELMONT STREET
    PORTLAND,ME04104
    KENNETH SPIRER DIRECTOR
    1.00     		5,000 0 0
    18 NEAL STREET
    PORTLAND,ME04102
    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
    PRIME BUCHHOLZ INVESTMENT ADVISORY SERVICES 75,000
    273 CORPORATE DR PEASE INTL
    TRADEPORT
    PORTSMOUTH,NH03801
    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
     
    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  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    35,699,408
    b
    Average of monthly cash balances.......................
    1b
    589,677
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,289,085
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    36,289,085
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    544,336
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    35,744,749
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,787,237
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,787,237
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    11,382
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,382
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,775,855
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    10,000
    5
    Add lines 3 and 4.............................
    5
    1,785,855
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,785,855
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,793,025
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,793,025
    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
    11,382
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,781,643
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 1,785,855
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 18,578
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,793,025
    a Applied to 2009, but not more than line 2a 18,578
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 1,774,447
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		11,408
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    NANCY BRAIN
    PO BOX 1123
    PORTLAND,ME04104
    (207) 871-5600
    bThe form in which applications should be submitted and information and materials they should include:
    REFER TO WWW.SAMLCOHENFOUNDATION.ORG FOR SPECIFIC INFORMATION
    cAny submission deadlines:
    REFER TO WWW.SAMLCOHENFOUNDATION.ORG FOR SPECIFIC INFORMATION
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    REFER TO WWW.SAMLCOHENFOUNDATION.ORG FOR SPECIFIC INFORMATION
    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
    PORTLAND OVATIONS
    50 MONUMENT SQUARE 2ND FLOOR
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY PERFORMING ARTS PROGRAMMING FOR MAINE STUDENTS AND EDUCATORS 15,000
    ACCESS HEALTH INC DBA LEAVITT MILL HEALTH CENTER
    P O BOX 47 63 MAIN STREET
    BAR MILLS,ME04004     		NO RELATIONSHIP PUBLIC CHARITY PURCHASE OF THREE ACCU-CHEK INSTANT PLUS METERS AND A LAPTOP FOR PORTABLE DA 2,000
    ACORN PRODUCTIONS
    P O BOX 304
    WESTBROOK,ME04098     		NO RELATIONSHIP PUBLIC CHARITY PERFORM MACBETH IN EIGHT SCHOOLS 5,000
    BIDDEFORD FREE CLINIC
    P O BOX 325 189 ALFRED STREET
    BIDDEFORD,ME04005     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 15,000
    BIDDEFORD'S 50 CLUB AT THE ROSS CENTER
    P O BOX 586 189 ALFRED STREET
    BIDDEFORD,ME04005     		NO RELATIONSHIP PUBLIC CHARITY FLOOR REPAIR 7,000
    CAMP SUNSHINE AT SEBAGO LAKE INC
    35 ACADIA ROAD
    CASCO,ME04015     		NO RELATIONSHIP PUBLIC CHARITY BEREAVEMENT PROGRAM FOR MAINE FAMILIES 15,000
    CATHERINE MORRILL DAY NURSERY
    96 DANFORTH STREET
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 10,000
    CENTER FOR GRIEVING CHILDREN
    PO BOX 1438 555 FOREST AVENUE
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY MULTICULTURAL PEER SUPPORT PROGRAM 15,000
    CHILD ABUSE PREVENTION COUNCIL OF YORK COUNTY
    62 PORTLAND ROAD SUITE 15
    KENNEBUNK,ME04043     		NO RELATIONSHIP PUBLIC CHARITY BREAK THE SILENCE PROGRAM 5,000
    CHILDREN'S MUSEUM AND THEATRE OF MAINE
    P O BOX 4041 142 FREE STREET
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY CELEBRATION STORIES 6,000
    COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		NO RELATIONSHIP PUBLIC CHARITY COLBY COLLEGE MUSEUM OF ART EXPANSION PROJECT 125,000
    COMMITTEE TO RESTORE THE ABYSSINIAN
    PO BOX 11064
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY GENERAL SUPPORT 5,000
    COMMUNITY FINANCIAL LITERACY
    PO BOX 8013
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 5,000
    CONGREGATION ETZ CHAIM
    P O BOX 905 36 BACON STREET
    BIDDEFORD,ME04043     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT FOR THREE YEARS 10,000
    COUNSELING SERVICES INC
    P O BOX 1010 265 NORTH STREET
    SACO,ME04072     		NO RELATIONSHIP PUBLIC CHARITY MENTAL HEALTH SERVICES FOR CHILDREN 10,000
    DIRIGO HEALTH AGENCYMAINE QUALITY FORUM
    53 STATE HOUSE STATION
    AUGUSTA,ME043330053     		NO RELATIONSHIP PUBLIC CHARITY EVALUATION OF THE PATIENT-CENTERED MEDICAL HOME PILOT 35,000
    DOCUMENTING MAINE JEWRY
    5 KIPP STREET
    CHAPPAQUA,NY10514     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 5,000
    ECOLOGY EDUCATION INC
    8 MORRIS AVENUE BUILDING 1
    SACO,ME04072     		NO RELATIONSHIP PUBLIC CHARITY ECOLOGY EDUCATION PROGRAMS FOR BIDDEFORD STUDENTS (TWO YEARS) 15,000
    THE FOUNDATION FOR MAINE'S COMMUNITY COLLEGES
    54 LIGHTHOUSE CIRCLE
    SOUTH PORTLAND,ME04106     		NO RELATIONSHIP PUBLIC CHARITY DEVELOPMENT OF AN ONLINE ASSOCIATE DEGREE PROGRAM IN EARLY CHILDHOOD EDUCATI 100,000
    FRANNIE PEABODY CENTER
    30 DANFORTH STREET SUITE 311
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 20,000
    GIRL SCOUTS OF MAINE
    P O BOX 9421 138 GANNETT DRIVE
    SOUTH PORTLAND,ME041169421     		NO RELATIONSHIP PUBLIC CHARITY A PLACE FOR GIRLS PROGRAM 12,500
    GOOD SHEPHERD FOOD BANK
    P O BOX 1807 3121 HOTEL ROAD
    AUBURN,ME042111807     		NO RELATIONSHIP PUBLIC CHARITY FOOD MOBILE PROGRAM FOR YORK AND CUMBERLAND COUNTIES 20,000
    GOOD THEATER INC
    P O BOX 347
    PORTLAND,ME04112     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 4,000
    GREATER PORTLAND LANDMARKS
    93 HIGH STREET
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY PLANNING FOR PILOT EDUCATIONAL PROGRAM 5,000
    GROWSMART MAINE
    309 CUMBERLAND AVENUE SUITE 202
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY REENVISIONING THE HIGHWAY STRIP COMMUNITY PLANNING PROJECT 15,000
    HABITAT FOR HUMANITY OF GREATER PORTLAND
    83A BELL STREET
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY INTERFAITH COMMITTEE WESTBROOK DEVELOPMENT 15,000
    KONBIT SANTE
    P O BOX 11281
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY EARTHQUAKE RELIEF EFFORT 5,000
    LEARNINGWORKS
    181 BRACKETT STREET
    PORTLAND,ME04102     		NO RELATIONSHIP PUBLIC CHARITY LEARNINGWORKS SUMMER PROGRAM 5,000
    LEGAL SERVICES FOR THE ELDERLY
    5 WABON STREET
    AUGUSTA,ME04330     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 7,500
    LET'S GET READY
    50 BROADWAY SUITE 806
    NEW YORK,NY10004     		NO RELATIONSHIP PUBLIC CHARITY LAUNCH A PORTLAND LGR PROGRAM IN SUMMER 2011 10,000
    MAINE BOYS TO MEN
    565 CONGRESS STREET SUITE 206A
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 10,000
    MAINE CENTER FOR ECONOMIC POLICY
    P O BOX 437
    AUGUSTA,ME043320437     		NO RELATIONSHIP PUBLIC CHARITY WORK ON THE MAINE HUNGER INITIATIVE 15,000
    MAINE COMMUNITY FOUNDATION
    245 MAIN STREET
    ELLSWORTH,ME04605     		NO RELATIONSHIP PUBLIC CHARITY DONOR ADVISED FUND 250,000
    MAINE DENTAL ACCESS COALITION
    11 PARKWOOD DRIVE
    AUGUSTA,ME04330     		NO RELATIONSHIP PUBLIC CHARITY MAY 2011 CONFERENCE ON ORAL HEALTH FOR YOUNG CHILDREN 2,500
    MAINE DEVELOPMENT FOUNDATION
    295 WATER STREET SUITE 5
    AUGUSTA,ME04330     		NO RELATIONSHIP PUBLIC CHARITY SUPPORT EARLY CHILDHOOD INVESTMENTS 10,000
    MAINE HANDICAPPED SKIING
    8 SUNDANCE LANE
    NEWRY,ME04261     		NO RELATIONSHIP PUBLIC CHARITY UPGRADE COMPUTER DATABASE 7,500
    MAINE HISTORICAL SOCIETY
    489 CONGRESS STREET
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY LOCAL HISTORY, LOCAL SCHOOLS PROJECT 7,500
    MAINE HUMANITIES COUNCIL
    674 BRIGHTON AVENUE
    PORTLAND,ME04102     		NO RELATIONSHIP PUBLIC CHARITY NEW BOOKS, NEW READERS PROGRAM IN YORK COUNTY 10,000
    MAINE JEWISH FILM FESTIVAL
    P O BOX 7465
    PORTLAND,ME041127465     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT FOR THE 14TH ANNUAL FESTIVAL (2011) 7,500
    MAINE PHILANTHROPY CENTER
    P O BOX 9301
    PORTLAND,ME041049301     		NO RELATIONSHIP PUBLIC CHARITY CONVENING GRANTMAKERS ON ISSUE OF EARLY CHILDHOOD 6,000
    MID COAST HUNGER PREVENTION PROGRAM
    84A UNION STREET
    BRUNSWICK,ME04011     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 15,000
    MILESTONE FOUNDATION INC
    65 INDIA STREET
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY HOMELESS OUTREACH AND MOBILE ENGAGEMENT (HOME) TEAM 7,500
    MISSION POSSIBLE TEEN CENTER
    755 MAIN STREET
    WESTBROOK,ME04092     		NO RELATIONSHIP PUBLIC CHARITY RENAISSANCE CLUB FOR TEENS 10,000
    THE MITCHELL INSTITUTE
    22 MONUMENT SQUARE SUITE 200
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 25,000
    THE MITCHELL INSTITUTE
    23 MONUMENT SQUARE SUITE 200
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY SAM L. COHEN PIONEER SCHOLARSHIP AT THORNTON ACADEMY 83,333
    NEW ENGLAND SCHOOL OF METALWORK
    7 ALBISTON WAY
    AUBURN,ME042104869     		NO RELATIONSHIP PUBLIC CHARITY FUTURE WELDERS OUTREACH PROGRAM FOR YOUTH IN CUMBERLAND AND YORK COUNTIES 5,000
    NEW ENGLAND SUZUKI INSTITUTE (NESI)
    40 WOODMONT STREET
    PORTLAND,ME04102     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 5,000
    NORTHERN YORK COUNTY FAMILY YMCA
    P O BOX 1001 3 POMERLEAU STREET
    BIDDEFORD,ME040051001     		NO RELATIONSHIP PUBLIC CHARITY YMCA CHILDCARE COMMUNITY CENTER 25,000
    ORAL HEALTH FUNDERS NETWORK CO THE BINGHAM PROGRAM
    61 WINTHROP STREET
    AUGUSTA,ME04330     		NO RELATIONSHIP PUBLIC CHARITY STATEWIDE CONVERSATION ABOUT ORAL HEALTH ACCESS 10,000
    OSHER MAP LIBRARY AND SMITH CENTER FOR CARTOGRAPHIC EDUCATION
    P O BOX 9300
    PORTLAND,ME041049300     		NO RELATIONSHIP PUBLIC CHARITY OSHER MAP LIBRARY EXPANSION 50,000
    PHYSICIANS FOR SOCIAL RESPONSIBILITY - MAINE CHAPTER
    53 DEPOT STREET
    FREEPORT,ME04032     		NO RELATIONSHIP PUBLIC CHARITY DOMESTIC VIOLENCE RESPONSE INITIATIVE 25,520
    PINE TREE SOCIETY
    PO BOX 518 149 FRONT STREET
    BATH,ME04530     		NO RELATIONSHIP PUBLIC CHARITY DINING HALL CONSTRUCTION AT PINE TREE CAMP 10,000
    PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND
    183 TALCOTT ROAD
    WILLISTON,VT05495     		NO RELATIONSHIP PUBLIC CHARITY PORTLAND HEALTH CENTER 15,000
    PORTLAND ADULT EDUCATION
    57 DOUGLASS STREET
    PORTLAND,ME04102     		NO RELATIONSHIP PUBLIC CHARITY PROGRAM TO PROVIDE PORTABLE COMPUTERS TO ADULT EDUCATION STUDENTS 25,000
    PORTLAND CHAMBER MUSIC FESTIVAL
    50 MARKET STREET 137
    SOUTH PORTLAND,ME04106     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT OVER THREE YEARS 5,000
    PORTLAND CHAMBER MUSIC FESTIVAL
    50 MARKET STREET 137
    SOUTH PORTLAND,ME04106     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT OVER THREE YEARS 5,000
    PORTLAND MUSEUM OF ART
    SEVEN CONGRESS SQUARE
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY FREE SCHOOL TOUR PROGRAM 25,000
    PORTLAND PUBLIC LIBRARY
    FIVE MONUMENT SQUARE
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY 'REACH FOR THE STARS' CAPITAL CAMPAIGN 120,000
    PORTLAND PUBLIC SCHOOLS
    196 ALLEN AVENUE
    PORTLAND,ME04103     		NO RELATIONSHIP PUBLIC CHARITY EYEGLASSES FOR STUDENTS FUND 2,500
    PORTLAND STAGE COMPANY
    P O BOX 1458 25-A FOREST AVENUE
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 7,500
    PREBLE STREET RESOURCE CENTER
    P O BOX 1459 LOGAN PLACE 52
    FREDRICK ST
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY FOOD PANTRY BEST PRACTICES WORK OF THE MAINE HUNGER INITIATIVE 40,000
    PSL SERVICES
    28 FODEN ROAD
    SOUTH PORTLAND,ME04106     		NO RELATIONSHIP PUBLIC CHARITY STRIVE U CAPITAL CAMPAIGN 25,000
    THE ROOT CELLAR
    94 WASHINGTON AVENUE
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 10,000
    CITY OF SACO COMMUNITY GARDEN
    168 SIMPSON ROAD
    SACO,ME04072     		NO RELATIONSHIP PUBLIC CHARITY IMPLEMENT A COMMUNITY GARDEN 1,000
    SACO FOOD PANTRY INC
    P O BOX 246 67 OCEAN PARK ROAD
    SACO,ME04072     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 5,000
    SARSSM
    P O BOX 1371
    PORTLAND,ME04104     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 7,500
    SOUTHERN MAINE MEDICAL CENTER
    P O BOX 626 ONE MEDICAL CENTER
    DRIVE
    BIDDEFORD,ME04005     		NO RELATIONSHIP PUBLIC CHARITY EXPAND PRIMARY CARE SERVICES AT THE SACO FACILITY 50,000
    THE TELLING ROOM
    225 COMMERCIAL STREET SUITE 201
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT (OVER TWO YEARS) 7,500
    TERRA MOTO INC
    389 CONGRESS STREET ROOM 208
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY RADIO CALLS PROJECT WITH THE PORTLAND POLICE DEPARTMENT 12,000
    UNIVERSITY OF HAWAII FOUNDATION
    PO BOX 11270
    HONOLULU,HI968280270     		NO RELATIONSHIP PUBLIC CHARITY SAM L. COHEN FOUNDATION FELLOWSHIP IN INTERNATIONAL HUMAN RIGHTS 15,300
    VOLUNTEERS OF AMERICA NORTHERN NEW ENGLAND
    14 MAINE STREET SUITE 205
    BRUNSWICK,ME04011     		NO RELATIONSHIP PUBLIC CHARITY CAPITAL PROJECT TO CREATE HOUSING FOR HOMELESS VETERANS 15,000
    Total .................................bullet 3a 1,514,653
    bApproved for future payment
    AMISTAD
    66 STATE STREET SUITE 2
    PORTLAND,ME041013751     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 20,000
    OASIS HEALTH NETWORK INC
    66 BARIBEAU DRIVE
    BRUNSWICK,ME04011     		NO RELATIONSHIP PUBLIC CHARITY NEW CLINIC DIRECTOR SUPPORT 25,000
    UNIVERSITY OF HAWAII FOUNDATION
    PO BOX 11270
    HONOLULU,HI968280270     		NO RELATIONSHIP PUBLIC CHARITY SAM L. COHEN FOUNDATION FELLOWSHIP IN INTERNATIONAL HUMAN RIGHTS 45,000
    COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		NO RELATIONSHIP PUBLIC CHARITY COLBY COLLEGE MUSEUM OF ART EXPANSION PROJECT 125,000
    ECOLOGY EDUCATION
    8 MORRIS AVENUE BUILDING 1
    SACO,ME04072     		NO RELATIONSHIP PUBLIC CHARITY ECOLOGY EDUCATION PROGRAMS FOR BIDDEFORD STUDENTS (TWO YEARS) 15,000
    THE FOUNDATION FOR MAINE'S COMMUNITY COLLEGES
    54 LIGHTHOUSE CIRCLE
    SOUTH PORTLAND,ME04106     		NO RELATIONSHIP PUBLIC CHARITY DEVELOPMENT OF AN ONLINE ASSOCIATE DEGREE PROGRAM IN EARLY CHILDHOOD EDUCATI 150,000
    THE TELLING ROOM
    225 COMMERCIAL STREET SUITE 201
    PORTLAND,ME04101     		NO RELATIONSHIP PUBLIC CHARITY OPERATING SUPPORT 7,500
    Total ..................................bullet 3b 387,500
    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....     14 739,151  
    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.....     01 113,027  
    8Gain or (loss) from sales of assets other than inventory     18 645,691  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,497,869 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,497,869
    (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:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,840 1,368   5,472

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Name of Bond End of Year Book Value End of Year Fair Market Value
    COLCHESTER GLOBAL BOND FUND 1,516,426 1,612,662

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SANDERSON INTN'L VALUE FUND 4,038,449 4,592,364
    THORNBURG INTN'L VALUE FUND 3,141,985 3,575,828
    VANGUARD MID CAP INDEX FUND 785,442 877,234
    VANGUARD GROWTH INDEX FUND 0 0
    VANGUARD STOCK MKT IDX ADM 3,827,913 4,636,937

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    US Government Securities - End of Year Book Value:

    3,380,302
    US Government Securities - End of Year Fair Market Value:

    3,276,578
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARIES PROPERTY CO., LP AT COST 93,534 93,500
    ARCHSTONE FUND AT COST 4,067,271 4,792,014
    NYES LEDGE CAPITAL FUND AT COST 2,100,000 2,459,156
    ADAGE CAPITAL PARTNERS AT COST 2,683,814 4,431,871
    EATON VANCE EMERGING MARKETS INT'L FUND AT COST 1,539,925 1,966,409
    AEW GLOBAL PROPERTY SECURITIES FUND AT COST 950,149 1,026,154
    VANGUARD INFLATION-PROTECTED SECURITIES AT COST 751,365 813,346
    WTC-CTF STRATEGIC REAL ASSET PORTFOLIO AT COST 3,649,927 4,096,359

    TY 2010 LegalFeesSchedule
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,927 585   2,342


    TY 2010 OtherExpensesSchedule
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 6,129 0   6,129
    BANK CHARGES 670 670   0
    MEMBERSHIPS 10,570 2,114   8,456
    OFFICE EXPENSE 4,228 846   3,382
    TELEPHONE 1,290 258   1,032
    POSTAGE 506 101   405
    PAYROLL PROCESSING FEES 1,212 121   1,091
    GIFTS DATABASE 1,949 0   1,949
    MISCELLANEOUS 1,075 215   860
    SUBSCRIPTIONS AND PUBLICATIONS 247 0   247
    K1:RIVERPLACE DEVELOPMENT RENTAL LOSS 70 70   0
    K1:COLCHESTER OTHER LOSSES 10,384 10,384   0
    K1:ARIES PROPERTIES RENTAL LOSS 4,352 4,352   0
    K1:WTC-CTF STRATEGIC REAL ASSET INVESTMENT EXPENSES 1,635 1,635   0
    K1:ADAGE INVESTMENT EXPENSES 425 425   0


    TY 2010 OtherIncomeSchedule2
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1: ADAGE 749 749 749
    K-1: SANDERSON 10,268 10,268 10,268
    OTHER INVESTMENT INCOME 4,462 4,462 4,462
    K1:WELLINGTON REAL ESTATE 15,080 15,080 15,080
    K1:AEW OTHER INCOME 60,664 60,664 60,664
    RECOVERY OF QUALIFYING DISTRIBUTION 10,000 0 10,000
    FEDERAL NET INVESTMENT INCOME TAX REFUND 11,804 0 11,804


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES - PRIME BUCHHOLZ 75,000 75,000   0
    INVESTMENT ADVISORY FEES - DELPHI MANAGEMENT 14,331 14,331   0
    INVESTMENT ADVISORY FEES - SANDERSON 39,950 39,950   0
    INVESTMENT ADVISORY FEES - ADAGE CAPITAL PARTNERS L.P. 25,396 25,396   0
    INVESTMENT ADVISORY FEES - WELLINGTON 26,826 26,826   0
    INVESTMENT ADVISORY FEES - COLCHESTER 9,479 9,479   0
    INVESTMENT ADVISORY FEES - AEW GLOBAL FUND 7,239 7,239   0
    INVESTMENT ADVISORY FEES - CUSTODY ACCOUNT FEES 2,713 2,713   0


    TY 2010 TaxesSchedule
    Name:
    SAM L COHEN FOUNDATION
    EIN: 20-2262822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 13,018 13,018   0
    PAYROLL TAXES 13,035 1,304   11,731