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
Elizabeth Raymond Ambler Trust
 

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 7266   Room/suite
City or town, state, and ZIP code
Wilton, CT068977266
A Employer identification number

06-6473263
B Telephone number (see page 10 of the instructions)

(203) 761-1150
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$7,961,878J 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 59 59  
4 Dividends and interest from securities...... 166,771 166,771  
5a Gross rents.............. 121,275 121,275  
b Net rental income or (loss) 121,275
6a Net gain or (loss) from sale of assets not on line 10 147,218
b Gross sales price for all assets on line 6a 3,845,443
7 Capital gain net income (from Part IV, line 2)... 147,218
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........ 435,323 435,323  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 108,000 27,000   81,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 114,314 114,314   0
b Accounting fees (attach schedule)....... Click to see attachment 10,281 5,141   5,141
c Other professional fees (attach schedule).... Click to see attachment 56,881 35,681   21,200
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,210 8,210   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 483 0  
20 Occupancy.............. 10,900 2,725   8,175
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,704 895   809
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 310,773 193,966   116,325
25 Contributions, gifts, grants paid........ 349,166 349,166
26 Total expenses and disbursements. Add lines 24 and 25 659,939 193,966   465,491
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -224,616
b Net investment income (if negative, enter -0-) 241,357
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............... 170,836 65,710 65,710
2 Savings and temporary cash investments.......... 101,454 126,223 126,223
3 Accounts receivable bullet3,150
Less: allowance for doubtful accounts bullet   3,561 3,150 3,150
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)      
b Investments—corporate stock (attach schedule)........ 5,447,978 Click to see attachment5,304,613 5,445,887
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet1,770,000
Less: accumulated depreciation (attach schedule) bullet   1,770,000 Click to see attachment1,770,000 2,320,297
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet7,344
Less: accumulated depreciation (attach schedule) bullet6,733 1,094 Click to see attachment611 611
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,494,923 7,270,307 7,961,878
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......... 7,675,503 7,675,503
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -180,580 -405,196
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,494,923 7,270,307
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,494,923 7,270,307
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 7,494,923
2 Enter amount from Part I, line 27a...................... 2 -224,616
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,270,307
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 7,270,307
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 Publicly traded securities      
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 3,845,443   3,698,225 147,218
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       147,218
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 2 147,218
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 437,293 7,140,104 0.061245
2008 438,430 8,388,358 0.052266
2007 492,324 9,737,432 0.050560
2006 521,026 9,430,100 0.055251
2005 638,649 9,336,651 0.068402
2 Total of line 1, column (d) ...................... 2 0.287724
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 0.057545
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 7,650,648
5 Multiply line 4 by line 3....................... 5 440,257
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,414
7 Add lines 5 and 6......................... 7 442,671
8 Enter qualifying distributions from Part XII, line 4.............. 8 465,491
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,414
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,414
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,414
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,600
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,100
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 12
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 10 674
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet674 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletCT
    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.amblertrust.org
    14
    The books are in care ofbulletThomas T Adams Telephone no.bullet (203) 761-1150
    Located atbullet44 Old Ridgefield Road 215WiltonCT ZIP+4bullet06897
    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
     
    No
    .........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
    Thomas T Adams Trustee
    5.00     		36,000 0 0
    PO Box 190
    Wilton,CT06897
    Reverend William L Sachs Trustee
    5.00     		36,000 0 0
    6000 Grove Avenue
    Richmond,VA23226
    Dr David F Clune Trustee
    5.00     		36,000 0 0
    PO Box 277
    Wilton,CT06897
    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
    Gregory and Adams PC Legal Services 114,314
    190 Old Ridgefield Road
    Wilton,CT06897
    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
    5,229,263
    b
    Average of monthly cash balances.......................
    1b
    267,692
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    2,270,200
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,767,155
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) Click to see attachment..............
    1e
    50,000
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    7,767,155
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    116,507
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,650,648
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    382,532
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    382,532
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,414
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,414
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    380,118
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    380,118
    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
    380,118
    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
    465,491
    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
    465,491
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    2,414
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    463,077
    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 7 380,118
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 53,121
    fTotal of lines 3a through e......... 53,121
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 465,491
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 380,118
    e Remaining amount distributed out of corpus 85,373
    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 5 138,494
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		138,494
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 53,121
    e Excess from 2010.... 85,373
    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:
    Elizabeth Raymond Ambler Trust
    44 Old Ridgefield Road Suite 215
    Wilton,CT06897
    (203) 761-1150
    bThe form in which applications should be submitted and information and materials they should include:
    Must submit scholarship application form with required attachments including the Free Application for Federal Student Aid(FAFSA) and a copy of parent/guardian Federal Income tax return. For scholarship renewals must submit a letter requesting continuation of scholarship, a copy of final grades, FAFSA, tax returns and any information on additional scholarships or awards.
    cAny submission deadlines:
    April 30 for new scholarship applications and May 31 for renewal applications.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Individual scholarships range from $1,000 to $6,000. Preferences are to be afforded to students resident in the Town of Wilton first and surrounding towns second.
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    Elizabeth Raymond Ambler Trust
    44 Old Ridgefield Road Suite 215
    Wilton,CT06897
    (203) 761-1150
    bThe form in which applications should be submitted and information and materials they should include:
    Must submit non-scholarship grant application with specific project information,organizational information, financial statements and proof of tax exempt status.
    cAny submission deadlines:
    March 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Municipal, religious, charitable, benevolent or educational organizatios or corporations as determined by the thrustees.
    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
    Nursing & Home Care Inc
    PO Box 489
    Wilton,CT06897     		  Non-profit Charitable Organization 5,000
    St Mathews Episcopal Church
    36 New Canaan Road
    Wilton,CT06897     		  Church Charitable Organization 70,000
    Wilton Education Foundation
    PO Box 7090
    Wilton,CT06897     		  Non-profit Charitable Organization 15,000
    Global AIDS Interfaith Alliance
    900 Larkspur Landing Circle Ste 155
    Larkspur,CA94939     		  Non-profit Charitable Organization 5,000
    Earthplace
    10 Woodside Lane
    Westport,CT06881     		  Non-profit Charitable Organization 5,000
    Operation Fuel
    One Regency Drive
    Bloomfield,CT06002     		  Non-profit Charitable Organization 2,000
    Serving All Vessels Equally
    31 Concord Street
    Norwalk,CT06854     		  Non-profit Charitable Organization 10,000
    Ashley Metellus
    9 Cottage Street
    Norwalk,CT06855     		None   Scholarship - Mt Holyoke College 5,000
    Jashayla Daye
    15 Claremore Dr Apt 1A
    Norwalk,CT06850     		None   Scholarship - Western Connecticut State 4,000
    Sheila Figueroa
    184 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - Univ of Connecticut 2,000
    Jaleesa Davis
    261 Ely Ave
    Norwalk,CT06854     		None   Scholarship - Univ of Connecticut 3,000
    Kayla Figueroa
    184 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - University of New Haven 3,000
    Jasmine Prezzie
    1112 Washington Village
    Norwalk,CT06854     		None   Scholarship - University of Maryland Eastern 2,000
    Shaquaisha Andrews
    146 1/2 South Main Street
    Norwalk,CT06854     		None   Scholarship - Southern Connecticut State University 2,500
    Satram Singh
    59 Broad Street
    Norwalk,CT06850     		None   Scholarship - Univ of Connecticut 4,000
    Schmidt Demas
    174 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - Andrews University 3,500
    Ashlee DuBois
    22 Leuvine Street
    Norwalk,CT06850     		None   Scholarship - University of Bridgeport 1,500
    Ross Gormley
    40 Saunders Drive
    Wilton,CT06897     		None   Scholarship - Weslyan University 2,500
    Vivaldi Demas
    174 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - Andrews University 3,500
    Kimberly Desameaux
    28 High Street Apt 25
    Norwalk,CT06851     		None   Scholarship - Delaware State Univesity 2,500
    Jason Tyler
    15 Old Field Place
    Norwalk,CT06853     		None   Scholarship - Marist College 2,000
    Stacey Velasquez
    4 Chestnut Street Apt 4C
    Norwalk,CT06854     		None   Scholarship - Saint Joseph's College 2,500
    Anna Crofts
    121 Agular Street
    Hamden,CT06517     		None   Scholarship - Marymount Manhattan College 3,500
    Giovanni Sornatale
    14 County Street
    Norwalk,CT06855     		None   Scholarship - University of Massachusetts 2,000
    Alexander Thomas
    4 VanZant Street
    Norwalk,CT06855     		None   Scholarship - Southern Connecticut State University 500
    Shavalsia Sabb
    44 Orchard Street
    Norwalk,CT06850     		None   Scholarship - Southern Connecticut State University 2,000
    Edwin Carbajal
    1124 Carroll Place Apt 18
    Bronx,NY10456     		None   Scholarship - Princeton University 1,500
    Karina Yucel
    290 West Avenue
    Bridgeport,CT06604     		None   Scholarship - Pennsylvania State University 2,000
    Freddy Mendez
    75 Fort Washington Street Apt 62
    New York,NY10032     		None   Scholarship - Bentley University 3,500
    Markus McElveen
    19C Merritt Place
    Norwalk,CT06850     		None   Scholarship - Shaw University 3,000
    Jessy Cuevas
    49 Meadow Street
    Norwalk,CT06854     		None N/A Scholarship - Long Island University 5,000
    Anna Lupinska
    43 Summitt Ave
    Norwalk,CT06854     		None N/A Scholarship - University of Connecticut 2,000
    Vincent Benincaso
    15 Barnum Ave
    Norwalk,CT06851     		None N/A Scholarship - Sacred Heart University 3,000
    Marsha Smith
    4B Meredith Court
    Norwalk,CT06854     		None N/A Scholarship - Tulane University 3,000
    Molly Fonseca
    94 Valeview Road
    Wilton,CT06897     		None N/A Scholarship - Wake Forest University 5,000
    Virginia Glass
    16 Turner Lane
    Wilton,CT06897     		None N/A Scholarship - Purdue University 3,000
    Krystin Saglimbene
    68 Old Mill Road
    Wilton,CT06897     		None N/A Scholarship - University of Connecticut 5,000
    Andrea Tyler
    15 Old Field Place
    Norwalk,CT06853     		None N/A Scholarship - Bryant College 2,000
    Russell Torris
    7 Chipmunk Lane
    Wilton,CT06897     		None N/A Scholarship - Dickinson College 2,000
    Ketti Muschler
    17 Bayberry Lane
    Wilton,CT06897     		None N/A Scholarship - Rider University 2,000
    Amanda Pinto
    12 Cobbs Mill Road
    Wilton,CT06897     		None N/A Scholarship - Cornell University 2,000
    Javier Ceja
    17D Merritt Place
    Norwalk,CT06854     		None N/A Scholarship - Pace University 3,000
    Nadege Francois
    180 Suncrest Road
    Norwalk,CT06854     		None N/A Scholarship - Central Connecticut 2,500
    Nicole Saglimbeme
    68 Old Mill Road
    Wilton,CT06897     		None N/A Scholarship - Southern New Hampshire University 5,000
    Caroline Rende
    115 North Seir Hill Road
    Norwalk,CT06850     		None N/A Scholarship - Providence College 3,000
    Jenane Clervil
    19 Lowe Street
    Norwalk,CT06854     		None N/A Scholarship - Quinnipiac University 1,000
    Brian Allen
    30 Amos White Road
    Southbury,CT06488     		None N/A Scholarship - University of Connecticut 7,500
    Jeffery Sierra
    261 Ely Ave Bldg 21 Apt 3A
    Norwalk,CT06854     		None N/A Scholarship - Philadelphia University 3,000
    Cindy Artega
    49 Silvermine Ave
    Norwalk,CT06850     		None N/A Scholarship - Boston College 4,500
    Suria Ceja
    17D Merritt Place
    Norwalk,CT06854     		None N/A Scholarship - University of Connecticut 7,500
    Sophia Lubin
    85 Lexington Ave
    Norwalk,CT06854     		None N/A Scholarship - Savannah College Art & Design 1,666
    Brooke Widman
    63 Truman Street
    Norwalk,CT06850     		None N/A Scholarship - Vassar College 5,000
    Christine Lawrence
    5 Barjune Road
    Norwalk,CT06851     		None N/A Scholarship - Providence College 3,500
    Megan Smith
    4B Meredith Court
    Norwalk,CT06854     		None N/A Scholarship - University of Connecticut 10,500
    Marcus Cave
    541 Rosedale Ave Apt 6A
    New York,NY10003     		None N/A Scholarship - Howard University 2,500
    Channel 3 Kids Camp
    73 Times Farm Rd
    Andover,CT06232     		  Non-profit Charitable Organization 1,000
    Center for Interfaith Reconciliation
    6000 Grove Avenue
    Richmond,VA23226     		  Non-profit Charitable Organization 5,000
    Lockwood-Mathews Mansion Museum of Norwalk Inc
    295 West Avenue
    Norwalk,CT06850     		  Non-profit Charitable Organization 52,500
    Wilton Youth Council
    PO Box 172
    Wilton,CT06897     		  Church Charitable Organization 4,000
    Operation Smile
    Memorial Drive
    Montvale,NJ07645     		N/A Non-profit Charitable Organization 5,000
    A Better Chance of Wilton Inc
    PO Box 7658
    Wilton,CT06897     		N/A Non-profit Charitable Organization 5,000
    Domus
    417 Shippan Avenue
    Stamford,CT06902     		N/A Non-profit Charitable Organization 4,000
    Family & Children's Agency
    9 Mott Avenue
    Norwalk,CT06850     		N/A Non-profit Charitable Organization 5,000
    Total .................................bullet 3a 349,166
    bApproved for future payment
    Jashayla Daye
    15 Claremore Dr Apt 1A
    Norwalk,CT06850     		None   Scholarship - Western Connecticut State 2,500
    Sheila Figueroa
    184 Suncrest Road
    Norwalk,CT06850     		None   Scholarship - University of Connecticut 2,000
    Edwin Carbajal
    1124 Carroll Place Apt 18
    Bronx,NY10456     		None   Scholarship - Princeton University 1,500
    Anna Crofts
    121 Agular Street
    Hamden,CT06517     		None   Scholarship - Marymount Manhattan College 3,500
    Schmidt Demas
    174 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - Andrews University 3,500
    Vivaldi Demas
    174 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - Andrews University 3,500
    Kimberly Desameaux
    28 High Street Apt 25
    Norwalk,CT06850     		None   Scholarship - Delaware State Univesity 2,500
    Ashlee DuBois
    22 Leuvine Street
    Norwalk,CT06850     		None   Scholarship - University of Bridgeport 1,500
    Kayla Figueroa
    184 Suncrest Road
    Norwalk,CT06854     		None   Scholarship - University of New Haven 3,000
    Ross Gormley
    40 Saunders Drive
    Wilton,CT06897     		None   Scholarship - Weslyan University 2,500
    Markus McElveen
    19C Merritt Place
    Norwalk,CT06850     		None   Scholarship - Shaw University 3,000
    Freddy Mendez
    75 Fort Washington Street Apt 62
    New York,NY10032     		None   Scholarship - Bentley University 3,500
    Ashley Metellus
    9 Cottage Street
    Norwalk,CT06855     		None   Scholarship - Mt Holyoke College 2,500
    Jasmine Prezzie
    1112 Washington Village
    Norwalk,CT06854     		None   Scholarship - University of Maryland Eastern 2,000
    Shavalsia Sabb
    44 Orchard Street
    Norwalk,CT06850     		None   Scholarship - Southern Connecticut State University 2,000
    Alexander Thomas
    4 VanZant Street
    Norwalk,CT06855     		None   Scholarship - Southern Connecticut State University 500
    Jason Tyler
    15 Old Field Place
    Norwalk,CT06853     		None   Scholarship - Marist College 2,000
    Stacey Velasquez
    4 Chestnut Street Apt C
    Norwalk,CT06854     		None   Scholarship - Saint Joseph's College 2,500
    Desiree Waters
    261 Ely Ave Apt 13-3C
    Norwalk,CT06854     		None   Scholarship 2,500
    Bin Ye
    36 Allen Drive
    Uncasville,CT06382     		None   Scholarship 2,500
    Karina Yucel
    290 West Avenue
    Bridgeport,CT06604     		None   Scholarship - Pennsylvania State University 2,000
    Andrea Tyler
    15 Old Field Place
    Norwalk,CT06853     		None N/A Scholarship - Bryant College 1,000
    Anna Lupinska
    43 Summitt Ave
    Norwalk,CT06854     		None N/A Scholarship - University of Connecticut 1,000
    Brian Allen
    30 Amos White Road
    Southbury,CT06488     		None N/A Scholarship - University of Connecticut 2,500
    Amanda Pinto
    12 Cobbs Mill Road
    Wilton,CT06897     		None N/A Scholarship - Cornell University 1,000
    Russell Torris
    7 Chipmunk Lane
    Wilton,CT06897     		None N/A Scholarship - Dickinson College 2,000
    Ketti Muschler
    17 Bayberry Lane
    Wilton,CT06897     		None N/A Scholarship - Rider University 1,000
    Shaquaisha Andrews
    146 1/2 South Main Street
    Norwalk,CT06854     		None N/A Scholarship - Southern Connecticut 2,500
    Vincent Benincaso
    15 Barnum Ave
    Norwalk,CT06851     		None N/A Scholarship - Endicott College 1,500
    Jenane Clervil
    19 Lowe Street
    Norwalk,CT06854     		None N/A Scholarship - Quinnipiac University 1,000
    Jessy Cuevas
    49 Meadow Street
    Norwalk,CT06854     		None N/A Scholarship - Long Island University 2,500
    Molly Fonseca
    94 Valeview Road
    Wilton,CT06897     		None N/A Scholarship - Wake Forest University 2,500
    Nadege Francois
    180 Suncrest Road
    Norwalk,CT06854     		None N/A Scholarship - Central Connecticut 2,500
    Caroline Rende
    115 North Seir Hill Road
    Norwalk,CT06850     		None N/A Scholarship - Providence College 1,500
    Brooke Widman
    63 Truman Street
    Norwalk,CT06850     		None N/A Scholarship - Vassar College 2,000
    Total ..................................bullet 3b 75,500
    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     14 59  
    4 Dividends and interest from securities....     14 166,771  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 121,275  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14    
    8Gain or (loss) from sales of assets other than inventory     18 147,218  
    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).. 0 435,323 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13435,323
    (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:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 10,281 5,141   5,141

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

    TY 2010 DepreciationSchedule
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Land - 333 Hurlbutt Road Wilton, CT 1998-06-18 1,720,000   L   0 0    
    Land - 6 Acres 1998-06-18 50,000   L   0 0    
    Computer 2002-04-23 1,484 1,484 200DB 5.000000000000 0 0    
    Computer 2005-02-01 1,295 1,220 200DB 5.000000000000 75 0    
    Office Furniture 2005-02-11 2,175 1,690 200DB 7.000000000000 194 0    
    Office Furniture 2005-02-12 2,390 1,856 200DB 7.000000000000 214 0    

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Name of Stock End of Year Book Value End of Year Fair Market Value
    300sh Goldman Sachs Group Inc 45,709 50,438
    625sh General Electric 10,228 11,431
    650sh Microsoft Corp 16,819 18,148
    190sh Conocophillips 9,924 12,939
    300sh Hewlett Packard Co 13,177 12,630
    86968.033sh Bernstein Intermediate 1,144,387 1,193,201
    3315.782sh Bernstein Emerging Markets 109,612 110,416
    45305.527sh Bernstein International 858,823 707,672
    250sh Altria Group 5,924 6,155
    30sh Pepsico Inc 1,998 1,960
    2050sh JP Morgan Chase 76,619 86,961
    225sh Travelers Cos 11,617 12,535
    135sh Time Warner Inc 3,841 4,343
    240sh Teva Pharmaceutical 11,295 12,511
    200sh Alcon Inc 30,170 32,680
    195sh Apple Inc 34,266 62,899
    861sh Gilead Sciences Inc 37,002 31,203
    200sh XL Group PLC 2,208 4,364
    1000sh Cisco Systems 24,456 20,230
    525sh Kohls Corp 24,309 28,529
    525sh Schlumberger Ltd 32,075 43,838
    290sh AT&T Inc 7,211 8,520
    2000sh Pfizer Inc 45,901 35,020
    325sh Morgan Stanley 9,586 8,843
    6231.254sh AllianceBernstein Global RE Invt 45,928 55,022
    155sh Cameron Intl Corp 3,456 7,863
    165sh Celgene Corp 8,867 9,758
    40sh CME Group Inc 11,622 12,870
    350sh Intel Corp 6,808 7,361
    75sh Costco Wholesale Corp 4,382 5,416
    375sh The Walt Disney Co 13,042 14,066
    225sh Devon Energy Corporation 13,780 17,665
    300sh Bunge LTD 16,309 19,656
    1695sh News Corp 17,525 24,679
    725sh Lowes Cos Inc 18,830 18,183
    295sh Tyco Electronics Ltd 6,921 10,443
    325sh Time Warner Cable 12,821 21,460
    1800sh Dell Inc 24,065 24,390
    1596sh Wells Fargo & Co 43,958 49,460
    225sh Ingersoll-Rand 8,026 10,595
    400sh Northrop Grumman Corp 23,039 25,912
    140sh Archer Daniels Midland 3,756 4,211
    1625sh Ford Motor Co 19,855 27,284
    500sh Nexen Inc 10,524 11,450
    750sh Vodafone Group 15,442 19,823
    13sh NVR Inc 6,455 8,983
    750sh Constellation Brands Inc 11,391 16,613
    275sh BB&T Corp 7,385 7,230
    1600sh Office Depot Inc 11,196 8,640
    270sh Garmin Ltd 9,110 8,367
    650sh Smithfield Foods 10,484 13,410
    350sh Ensco PLC 14,228 18,683
    300sh Limited Brands Inc 9,619 9,219
    81sh Google Inc Class A 37,111 48,112
    125sh Occidental Petroleum Corp 9,891 12,263
    475sh Danaher Corp 17,119 22,406
    65sh Target Corp 3,464 3,908
    45sh Freeport McMoran Copper 3,278 5,404
    1000sh EMC Corp 17,551 22,900
    325sh Cooper Industries 14,613 18,944
    400sh Johnson Controls Inc 12,452 15,280
    165sh Vertex Pharmaceuticals Inc 5,567 5,780
    815sh Comcast Corp 15,389 17,906
    300sh Broadcom Corp 9,824 13,065
    100sh Suncor Energy 3,205 3,829
    325sh United Parcel Service 21,796 23,589
    50sh Amazon.com Inc 6,141 9,000
    100sh Agrium Inc 6,956 9,175
    250sh Accenture PLC 11,417 12,123
    625sh Alcoa Inc 8,800 9,619
    120sh Allergan Inc 8,270 8,240
    550sh Astrazeneca PLC 23,230 25,405
    120sh Cablevision Sys Corp 3,150 4,061
    200sh Capital One Finl Corp 7,812 8,512
    200sh Carnival Corp 8,049 9,222
    200sh Centurylink Inc 7,756 9,234
    70sh CF Industries Holdings Inc 6,423 9,461
    195sh Citrix Systems Inc 12,899 13,340
    120sh Cliffs Natural Resources Inc 6,753 9,361
    165sh Comerica Inc 6,623 6,970
    425sh Commercial Metals Co 6,631 7,051
    225sh Constellation Energy Group 6,911 6,892
    185sh Deere & Co 13,515 15,364
    1100sh Delta Air Lines inc 14,698 13,860
    150sh Directv-Class A 5,452 5,990
    650sh Dow Chemical 17,104 22,191
    130sh Eaton Corp 12,599 13,196
    165sh Edison Intl 6,340 6,369
    130sh Eog Resources Inc 12,669 11,883
    250sh Express Scripts Inc 12,870 13,513
    650sh Fifth Third Bancorp 9,188 9,542
    80sh Flowserve Corp 8,914 9,538
    450sh Gannett Co 5,977 6,791
    650sh Gap Inc 14,473 14,391
    125sh General Motors Co 4,250 4,608
    150sh Goodrich Corp 10,748 13,211
    150sh Health Net Inc 4,314 4,094
    165sh Hess Corp 9,543 12,629
    150sh Honeywell Intl Inc 5,924 7,974
    80sh Intuit Inc 3,900 3,944
    600sh Johnson & Johnson 36,120 37,110
    125sh Kimberly-Clark Corp 8,160 7,880
    100sh Lear Corp 6,484 9,871
    600sh Marathon Oil Corp 19,071 22,218
    425sh Marvell Technology Group 8,085 7,884
    140sh Monsanto Co 8,032 9,750
    150sh Newfield Exploration Co 7,827 10,817
    225sh Noble Energy Inc 16,143 19,368
    300sh Nvidia Corp 3,796 4,620
    825sh Oracle Corp 23,198 25,823
    200sh Parker Hannifin Corp 13,378 17,260
    80sh Rovi Corp 4,632 4,961
    120sh Royal Caribbean Cruises Ltd 3,195 5,640
    600sh Safeway Inc 16,085 13,494
    575sh Sara Lee Corp 8,430 10,068
    195sh Southwestern Energy 6,749 7,299
    450sh Starbucks Corp 11,775 14,459
    225sh Viacom Inc-Class B 8,800 8,912
    109840.263sh Overlay A Portfolio Class 2 1,237,853 1,256,573
    36305.271sh Overlay B Portfolio Class 2 399,260 385,562

    TY 2010 InvestmentsLandSchedule2
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land - 333 Hurlbutt Road Wilton, CT 1,720,000 0 1,720,000 0
    Land - 6 Acres 50,000 0 50,000 0

    TY 2010 LandEtcSchedule2
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Computer 1,484 1,484   0
    Computer 1,295 1,295   0
    Office Furniture 2,175 1,884 291 0
    Office Furniture 2,390 2,070 320 0


    TY 2010 LegalFeesSchedule
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 114,314 114,314   0


    TY 2010 OtherExpensesSchedule
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Miscellaneous expenses 86 86   0
    Telephone 1,618 809   809


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Outside Services 21,600 5,400   16,200
    Investment Advisory Fees 30,281 30,281   0
    Consulting - computer & website 5,000 0   5,000


    TY 2010 ReductionExplanationStatement
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Explanation:
    The foundation owns a lot that is landlocked and generates no income or cash flow. The lot was valued at $50,000 when it was gifted to the trust through the Estate of Elizabeth Raymond Ambler. The trustees are in the process of trying to secure access to the lot in order to convert it to an income producing asset.

    TY 2010 TaxesSchedule
    Name:
    Elizabeth Raymond Ambler Trust
    EIN: 06-6473263
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Real Estate Taxes 3,752 3,752   0
    Foreign Taxes 2,901 2,901   0
    Federal Taxes 1,557 1,557   0