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 06-01-2010 , and ending 05-31-2011
G
Check all that apply:
Name of foundation
R & R FAMILY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1070 US HIGHWAY 46   Room/suite
City or town, state, and ZIP code
LEDGEWOOD, NJ078529735
A Employer identification number

32-0217970
B Telephone number (see page 10 of the instructions)

(973) 927-8300
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$3,156,023J 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...... 62,254 62,254  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 340,616
b Gross sales price for all assets on line 6a 1,694,096
7 Capital gain net income (from Part IV, line 2)... 353,362
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 661 661  
12 Total. Add lines 1 through 11........ 403,531 416,277  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,033 2,172   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 22,394 22,394   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,427 24,566   0
25 Contributions, gifts, grants paid........ 695,000 695,000
26 Total expenses and disbursements. Add lines 24 and 25 723,427 24,566   695,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -319,896
b Net investment income (if negative, enter -0-) 391,711
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............... 850,273 175,801 175,801
2 Savings and temporary cash investments..........      
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...........   43 43
10a Investments—U.S. and state government obligations (attach schedule) 117,466 Click to see attachment114,447 114,447
b Investments—corporate stock (attach schedule)........ 1,900,147 Click to see attachment2,395,988 2,395,988
c Investments—corporate bonds (attach schedule)........ 204,480 Click to see attachment211,392 211,392
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 221,299 Click to see attachment258,352 258,352
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) 3,293,665 3,156,023 3,156,023
Liabilities 17 Accounts payable and accrued expenses.......... 1,793  
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).......... 1,793 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 3,291,872 3,156,023
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,291,872 3,156,023
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,293,665 3,156,023
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 3,291,872
2 Enter amount from Part I, line 27a...................... 2 -319,896
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 184,047
4 Add lines 1, 2, and 3.......................... 4 3,156,023
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 3,156,023
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 ALLERGAN INC GLOBAL COUPON: 1.500% MATURITY: 4/1/2026 P    
b ALLIANCE DATA SYSTEMS CORP COUPON: 1.750% MATURITY: 8/1/2013 P    
c AMGENINC CV COUPON: 0.375% MATURITY: 2/1/2013 P    
d BORGWARNER INC CONY SENIOR COUPON: 3.5000/0 MATURITY: 4/15/2012 P    
e CARNNAL CORP CONY DEBS COUPON: 2.000% MATURITY: 4/15/2021 P    
CEPHALON INC CV COUPON: 2.000% MATURITY: 6/1/2015 P    
CHESAPEAKE ENERGY CORP CV COUPON: 2.500% MATURITY: 5/15/2037 P    
FISHER SCIENTIFIC INTL CONY COUPON: 3.250% MATURITY: 3/1/2024 P    
GSI COMMERCE CV COUPON: 2.500% MATURITY: 6/1/2027 P    
ICONIX BRAND GROUP I COUPON: 1.875% MATURITY: 6/30/2012 P    
JANUS CAPITAL GROUP INC COUPON: 3.250% MATURITY: 7/15/2014 P    
MEDLRONIC INC GLOBAL CV COUPON: 1.625% MATURITY: 4/15/2013 P    
NEFAPP INC CONY BK ENLRY COUPON: 1.750% MATURITY: 6/1/2013 P    
SMITHFIELD FOODS INC CONV COUPON: 4.000% MATURITY: 6/30/2013 P    
STANLEY WORKS CV NOTES P    
SUNTECH PWR HLDGS CO CV P    
TRANSOCEAN INC COUPON: 1.500% MATURITY: 12/15/2037 P    
UALCORP CV COUPON: 4.500% MATURITY: 6/30/2021 P    
UNITED STATES TREAS BD P    
APPLE INC P    
ABBOTI LABORATORIES P    
BARRLCK GOLD CORP CAD P    
ADOBE SYSTEMS INC (DE) P    
AGNICO EAGLE MINES LTD P    
ASSURED GUARANTY LTD-USD P    
AKAMAI TECHNOLOGIES INC P    
AMGENINC P    
APACHE CORP P    
ALR PRODUCTS & CHEMICALS INC P    
ALLEGHENY TECHNOLOGIES INC P    
ACTIVISION BLIZZARD INC P    
A VERY DENNISON CORP P    
BROWN FORMAN CORP CL B P    
BRISTOL MYERS SQUIBB CO P    
BRITISH SKY BROADCASTING P    
PEABODY ENERGY CORP P    
BORGWARNER INC P    
CITIGROUP INC P    
COOPER INDUSLRIES PLC P    
CARNNAL CORP P    
CHICOS FAS INC P    
CONTINENTAL RESOURCES INC P    
CREE INC P    
CISCO SYS INC P    
DEUTSCHE BANK.-EUR P    
WALT DISNEY CO P    
DOLBY LABORATORIES INC P    
DIGITAL REALTY TR INC P    
DOW CHEMICAL CO P    
DREAMWORKS ANIMATION INC CL A P    
EBAYINC P    
PROSHARES ULTRASHORT MSCI P    
EASTMAN CHEMICAL CO P    
EOG RESOURCES INC P    
PROSHARES ULTRA SHORF MSCI P    
EAST WEST BANCORP INC P    
EXPEDITORS INTL OF WASH INC P    
FI1 CONSULTING INC P    
FIFTH THIRD BANCORP P    
FORD MOTOR COMPANY CAPITAL TR P    
FMC TECHNOLOGIES INC P    
MARKET VECTORS GOLD MINERS ETF P    
GENERAL ELECLRIC CO P    
GRUPO FINANCIERO GALICIA P    
GREENHILL & CO INC P    
GOLDMAN SACHS GROUP INC P    
HAIN CELESTIAL GROUP INC P    
HARMAN INTL INDS INC NEW P    
HESS CORP P    
HJ HEINZ CO P    
ICICI BANK LTD-SPONS ADR P    
INDUSTRIAL & COML BK P    
INTERDIGITAL INC P    
INTEL CORP P    
ISRAEL CHEMICALS LTD-ILS P    
INTESA SANPAOLO SPA P    
ITRON INC P    
J.CREW GROUP INC P    
JOHNSON CONTROLS INC P    
JPMORGAN CHASE & CO P    
NORDSTROM INC P    
KRAFT FOODS INC CLASS A P    
KIMBERLY CLARK CORP P    
KROGER CO P    
LOEWS CORP P    
CHINA LIFE INSURANCE CO P    
LAFARGE SPONS ADR NEW P    
LOCKHEED MARTIN CORP P    
LULULUMON ATHLETICA INC P    
LAS VEGAS SANDS CORP P    
MBIAINC P    
MCDONALDS CORP P    
MGM RESORTS INTERNATIONAL P    
MAN GROUP PLC-USD P    
MOSALC COMPANY P    
MOTOROLA SOLUTIONS INC P    
M &TBKCORP P    
MYLANINC P    
NEXTERA ENERGY INC P    
NEWMONT MINING CORP P    
NALCO HOLDING COMPANY P    
NATIONAL OIL WELL VARCO INC P    
NRG ENERGY INC NEW P    
NORFOLK SOUTHERN CORP P    
NORTHERN TRUST CORP P    
NOVO-NORDISKA S ADR P    
NXP SEMICONDUCTORS NV P    
NYSE EURONEXT P    
OWENS CORNING INC P    
VERBUND AG ADR P    
ETFS PHYSICAL PALLADIUM SHS P    
VERIFONE SYSTEMS INC P    
PITNEY BOWES INC P    
PHILIP MORRIS INTL INC P    
ETFS PHYSICAL PLATINUM SHS P    
PHILLIPS-VAN HEUSEN CORP DEL P    
PROSHORT ULTRASHORT QQQ P    
DOCTOR REDDY'S LABORATORY P    
POLO RALPH LAUREN CORP CL A P    
RADIOSHACK CORP P    
SALC INC P    
PROSHARES ULTRASHORT S&P500 P    
THE SHAW GROUP INC P    
SPXCORP P    
BANCO SANTANDER S.A. P    
QUESTAR CORP P    
TEVA PHARMACEUTICAL INDS P    
TEVA PHARMACEUTICAL FIN CO P    
TREEHOUSE FOODS INC P    
TENARIS SA P    
TATA MOTORS LTD P    
PROSHARES ULTRASHORT RUSSELL P    
TIME WARNER INC P    
UNITED CONTINENTAL HOLDINGS P    
VALE SA SPON ADR P    
VIACOM INC NEW CLASS B P    
VERISKANALYTICS INC CLA P    
WELLS FARGO & CO NEW P    
WELLS FARGO & CO 7.5% P    
WHOLE FOODS MKT INC P    
WHIRLPOOL CORP P    
WHMNG PETROLEUM CORP NEW P    
WYNN MACAUS LMTD P    
ZIONS BANCORP P    
ALLERGAN INC GWBAL COUPON: 1.500% MATURITY: 4/1/2026 P    
AMGENINC CV COUPON: 0.375% MATURITY: 2/1/2013 P    
BECHMAN COULTER INC CV COUPON: 0.375% MATURITY: 2/1/2013 P    
BEST BUY SID CONV COUPON: 0.375% MATURITY: 2/1/2013 P    
BORGWARNER INC CONV SENIOR COUPON: 3.500% MATURITY: 4/15/2012 P    
CARNN AL CORP CONV DEBS COUPON: 2.000% MATURITY: 4/15/2021 P    
DANAHER CORP CONV P    
EMC CORP GLOBAL P    
FEDERAL HOME LOAN MTG CORP COUPON: 2.125% MATURITY: 3/23/2012 P    
FISHER SCIENTIFIC INTL CONV COUPON: 3.250% MATURITY: 3/1/2024 P    
ICONIX BRAND GROUP I COUPON: 1.875% MATURITY: 6/30/2012 P    
INTEL CORP CONV COUPON: 2.950% MATURITY: 12/15/2035 P    
INVITROGEN CORP CONV COUPON: 3.250% MATURITY: 6/15/2025 P    
MICRON TECHNOLOGY INC CV COUPON: 1.875% MATURITY: 6/1/2014 P    
NEWMONT MINING CORP 3.00% CONV COUPON: 3.000% MATURITY: 2/15/2012 P    
ON SEMICONDUCTOR CORP CV COUPON: 2.625% MATURITY: 12/15/2026 P    
STANLEY WORKS CV NOTES P    
U S TREASURY BONDS COUPON: 6.250% MATURITY: 8/15/2023 P    
US TREASURY NOTES SER E-2011 COUPON: 4.500% MATURITY: 2/28/2011 P    
APPLE INC P    
APPLE INC P    
ADOBE SYSTEMS INC (DE) P    
ALLERGANINC P    
AFFILIATED MANAGERS GROUP CV P    
AMERICA MOVIL S.A.B DE CV P    
AIR PRODUCTS & CHEMICALS INC P    
ARM HOLDINGS PLC ADR P    
ALLEGHENY TECHNOLOGIES INC P    
ACTIVISION BLIZZARD INC P    
BOEING CO P    
BANK OF AMERICA CORP P    
BAXTER INTL INC P    
SOTHEBYS DELAWARE P    
BRITISH SKY BROADCASTING P    
BORGWARNER INC P    
CONAGRA FOODS INC P    
COCA-COLA HELLENIC BOTTLIN P    
CERNERCORP P    
CHURCH & DWIGHT CO INC P    
CME GROUP INC P    
CSLLTD-AUD P    
CANADIAN NATURAL RES LTD P    
CONOCOPHILLIPS P    
CISCO SYS INC P    
COGNIZANT TECH SOLUTIONS CL A P    
DOMINION RESOURCES INC VA NEW P    
DEERE&CO P    
DIAGEO PLC SPON ADR-NEW P    
QUEST DIAGNOSTICS INC P    
DISCOVERY COMMUNICATIONS INC P    
DIGITAL REALLY 1R INC P    
DOW CHEMICAL CO P    
EMC CORP-MASS P    
EMERSON ELEC1RIC CO P    
EXPEDITORS INTL OF WASH INC P    
FLSMIDTH & CO A/S UNSPON P    
FRESENIUS MEDICAL CARE P    
FMC TECHNOLOGIES INC P    
GREENHILL & CO INC P    
GILEAD SCIENCES INC P    
GENTEXCORP P    
GOLDMAN SACHS GROUP INC P    
GIVAUDAN SA-CHF P    
HASBROINC P    
HOME DEPOT INC P    
HANG LUNG PROPERTIES LTD P    
HOSPIRAINC P    
HERSHEY COMPANY P    
INTL BUSINESS MACHINES CORP P    
INTL FLAVORS & FRAGRANCES INC P    
INFOSYS TECHNOLOGIE SP ADR P    
INTEL CORP P    
INTEL CORP P    
INTUIT INC P    
INTESA SANPAOLO SPA P    
ITRON INC P    
ITT CORP P    
JOHNSON CONTROLS INC P    
J C PENNEY CO INC P    
JACOBS ENGINEERING GROUP INC P    
JPMORGAN CHASE & CO P    
KOMATSU LTD ADR NEW P    
CHINA LIFE INSURANCE CO P    
LAFARGE SPONS ADR NEW P    
ELI LILLY & CO P    
LOGITECH INTERNATIONAL SA P    
L OREAL CO ADR -USDLUCENT P    
TECH CAP CONV 7.75% P    
LVMH MOET HENNESSY LOUIS P    
MICROCHIP TECHNOLOGY INC P    
MOLEX INC CL A P    
M &TBKCORP P    
MITSUBISHI UFJ FINANCIAL P    
MONSTER WORLDWIDE INC P    
NEXTERA ENERGY INC P    
NALCO HOLDING COMPANY P    
NORTHROP GRUMMAN CORP P    
NOVO-NORDISK AS ADR P    
NYSE EURONEXT P    
OWENS CORNING INC P    
VERBUND AG ADR P    
OMNICOM GROUP INC P    
ORACLE CORP P    
ORACLE CORP P    
PROCTER & GAMBLE CO P    
PLEXUS CORP P    
POTASH CORP SASK INCQEP P    
RESOURCES INC P    
REGAL-BELOIT CORP P    
DOCTOR REDDYS LABORATORY P    
ROCHE HLDG LTD SPON ADR P    
POLO RALPH LAUREN CORP CL A P    
ROPERINDUSTFFIESINC P    
ROSS STORES INC DE P    
SAP AG SPONS ADR-USD P    
SOUTHERN COPPER CORP DEL P    
SCHWAB CHARLES CORP P    
SMITH & NEPHEW PLC SP ADR P    
BANCO SANTANDER S.A. P    
QUESTAR CORP P    
SAFEWAY INC NEW P    
TEVA PHARMACEUTICAL INDS P    
TURKCELL ILETISM HIZMET P    
TATA MOTORS LTD P    
TEXAS INSTRUMENTS INC P    
TYCO INTL LTD CHF P    
UNILEVER NV NY SHS-NEW P    
VALE SA SPON ADR P    
VARIAN MEDICAL SYSTEMS INC P    
VODAFONE GROUP PLC SPONS P    
VERISK ANALITICS INC CL A P    
VEST AS WIND SYSA/S UTD P    
WABTEC P    
WELLS FARGO & CO 7.5% P    
WEATHERFORD INTERNATIONAL P    
WASTE MGMT INC DEL P    
WAL-MART DE MEXICO SA DE P    
WESTERN UNION COMPANY (THE) P    
ZIONS BANCORP 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 1,248   1,144 104
b 1,030   968 62
c 1,007   999 8
d 8,628   6,298 2,330
e 1,011   1,063 -52
3,280   2,802 478
2,461   2,636 -175
1,361   1,187 174
6,714   6,370 344
1,008   970 38
2,346   2,395 -49
1,003   1,028 -25
2,907   1,970 937
979   1,030 -51
3,224   2,787 437
838   790 48
2,930   2,876 54
3,065   2,993 72
8,899   8,437 462
3,871   2,547 1,324
12,231   12,353 -122
4,167   4,194 -27
3,180   2,870 310
2,058   2,401 -343
4,288   6,054 -1,766
8,649   4,708 3,941
4,951   5,451 -500
1,961   1,984 -23
2,648   2,391 257
1,384   878 506
2,611   2,441 170
5,407   5,210 197
10,948   9,172 1,776
1,899   1,864 35
2,502   1,985 517
8,712   7,154 1,558
3,540   2,450 1,090
18   19 -1
5,134   5,250 -116
6,834   6,139 695
2,768   3,709 -941
3,276   3,137 139
5,563   5,999 -436
497   587 -90
8,664   8,264 400
6,189   5,356 833
3,060   3,536 -476
1,308   970 338
17,330   14,514 2,816
2,154   2,977 -823
17,029   13,761 3,268
1,747   1,865 -118
4,930   4,526 404
3,631   3,976 -345
1,767   1,862 -95
7,509   5,987 1,522
9,931   8,544 1,387
7,174   9,255 -2,081
6,876   7,957 -1,081
4,377   3,891 486
4,426   3,737 689
5,073   5,442 -369
5,526   6,190 -664
1,818   1,781 37
2,403   2,874 -471
4,126   3,444 682
2,049   1,739 310
1,150   1,317 -167
10,694   6,754 3,940
11,708   11,274 434
6,506   7,391 -885
222     222
996   1,189 -193
3,752   3,917 -165
7,447   7,861 -414
2,888   3,817 -929
1,399   1,587 -188
4,473   4,554 -81
4,432   3,366 1,066
5,176   5,062 114
14,543   12,938 1,605
7,867   7,616 251
9,310   9,188 122
5,248   4,844 404
3,865   3,568 297
1,477   1,615 -138
5,872   5,781 91
7,764   8,190 -426
9,722   4,614 5,108
3,878   3,855 23
1,522   1,880 -358
2,044   2,048 -4
4,899   5,209 -310
2,055   1,572 483
4,437   4,905 -468
4,800   4,005 795
3,995   3,623 372
1,100   1,062 38
3,299   3,412 -113
2,359   2,575 -216
2,771   2,508 263
3,279   3,864 -585
3,640   2,936 704
5,503   5,063 440
10,020   10,360 -340
1,326   877 449
4,351   4,332 19
1,866   1,799 67
4,414   3,878 536
45   66 -21
7,807   6,223 1,584
1,775   1,735 40
754   690 64
10,407   9,459 948
4,733   4,462 271
1,762   1,668 94
18,559   20,342 -1,783
1,987   952 1,035
3,671   3,372 299
5,817   7,156 -1,339
3,101   3,709 -608
19,405   20,319 -914
4,091   4,793 -702
13,803   9,845 3,958
9,548   8,201 1,347
3,366   3,198 168
231   216 15
3,216   3,474 -258
3,196   3,405 -209
5,944   5,926 18
1,855   1,881 -26
22,934   24,504 -1,570
519   456 63
12,936   11,766 1,170
1,310   883 427
1,802   1,527 275
853   883 -30
7,244   7,878 -634
2,002   1,873 129
4,994   5,341 -347
2,839   2,689 150
2,250   1,775 475
4,201   3,256 945
4,020   3,982 38
6,931   6,381 550
3,021   3,049 -28
3,557   2,949 608
2,055   1,977 78
1,516   1,245 271
3,108   3,187 -79
4,647   3,099 1,548
5,756   3,997 1,759
11,176   11,046 130
1,302   1,179 123
2,016   1,758 258
1,996   1,654 342
4,367   3,916 451
2,632   2,546 86
1,368   1,132 236
3,545   2,638 907
1,183   951 232
7,809   7,487 322
11,129   11,114 15
17,612   5,853 11,759
6,969   1,646 5,323
2,635   2,190 445
1,822   942 880
2,457   1,329 1,128
12,364   7,292 5,072
9,371   7,546 1,825
10,969   3,168 7,801
1,646   894 752
7,932   8,161 -229
17,531   9,256 8,275
10,909   6,663 4,246
12,475   12,909 -434
5,913   3,341 2,572
15,673   9,571 6,102
6,176   3,301 2,875
12,768   9,814 2,954
6,459   3,401 3,058
3,689   2,157 1,532
3,235   2,781 454
7,884   6,118 1,766
6,669   5,248 1,421
2,248   1,461 787
17,771   10,830 6,941
5,667   5,293 374
5,900   2,299 3,601
14,530   10,338 4,192
21,588   8,323 13,265
13,066   8,166 4,900
6,836   7,586 -750
2,198   1,187 1,011
3,163   2,403 760
2,197   1,342 855
21,773   10,540 11,233
1,514   832 682
6,437   4,099 2,338
1,847   1,273 574
2,050   1,120 930
5,513   3,343 2,170
1,484   1,748 -264
2,935   2,404 531
10,877   5,306 5,571
7,591   6,259 1,332
5,972   3,600 2,372
952   586 366
16,642   10,575 6,067
3,586   1,555 2,031
12,567   6,346 6,221
12,933   9,236 3,697
21,581   13,589 7,992
4,844   3,065 1,779
16,055   7,916 8,139
3,005   2,238 767
5,895   6,476 -581
20,797   12,358 8,439
4,405   6,877 -2,472
2,366   2,187 179
8,337   5,608 2,729
3,548   2,952 596
7,914   5,653 2,261
9,869   8,307 1,562
3,556   3,078 478
3,626   1,357 2,269
12,997   10,509 2,488
6,688   8,393 -1,705
9,102   8,675 427
4,787   2,280 2,507
11,506   8,265 3,241
5,770   2,180 3,590
3,699   1,531 2,168
3,879   2,881 998
9,182   5,528 3,654
9,900   5,528 4,372
9,871   9,207 664
7,062   5,868 1,194
11,537   11,027 510
2,699   2,762 -63
15,042   9,900 5,142
5,869   3,122 2,747
3,962   2,854 1,108
2,750   2,605 145
4,095   4,729 -634
11,965   6,591 5,374
16,513   9,686 6,827
6,574   2,338 4,236
8,864   6,634 2,230
3,351   3,237 114
3,403   1,782 1,621
10,125   5,397 4,728
3,264   2,323 941
5,189   2,744 2,445
10,733   9,319 1,414
18,153   8,140 10,013
2,635   1,616 1,019
3,172   1,502 1,670
6,601   3,795 2,806
10,431   6,625 3,806
7,053   5,645 1,408
11,413   7,708 3,705
8,117   7,975 142
4,762   2,768 1,994
9,759   9,349 410
5,542   4,655 887
7,373   7,115 258
3,174   2,062 1,112
14,005   6,738 7,267
3,753   2,004 1,749
11,724   9,458 2,266
943   519 424
2,249   981 1,268
14,715   9,607 5,108
2,801   2,524 277
7,210   13,717 -6,507
4,241   2,724 1,517
1,000   830 170
11,905   6,931 4,974
8,736   6,666 2,070
2,181   763 1,418
8,134   4,558 3,576
10,850   5,018 5,832
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       104
b       62
c       8
d       2,330
e       -52
      478
      -175
      174
      344
      38
      -49
      -25
      937
      -51
      437
      48
      54
      72
      462
      1,324
      -122
      -27
      310
      -343
      -1,766
      3,941
      -500
      -23
      257
      506
      170
      197
      1,776
      35
      517
      1,558
      1,090
      -1
      -116
      695
      -941
      139
      -436
      -90
      400
      833
      -476
      338
      2,816
      -823
      3,268
      -118
      404
      -345
      -95
      1,522
      1,387
      -2,081
      -1,081
      486
      689
      -369
      -664
      37
      -471
      682
      310
      -167
      3,940
      434
      -885
      222
      -193
      -165
      -414
      -929
      -188
      -81
      1,066
      114
      1,605
      251
      122
      404
      297
      -138
      91
      -426
      5,108
      23
      -358
      -4
      -310
      483
      -468
      795
      372
      38
      -113
      -216
      263
      -585
      704
      440
      -340
      449
      19
      67
      536
      -21
      1,584
      40
      64
      948
      271
      94
      -1,783
      1,035
      299
      -1,339
      -608
      -914
      -702
      3,958
      1,347
      168
      15
      -258
      -209
      18
      -26
      -1,570
      63
      1,170
      427
      275
      -30
      -634
      129
      -347
      150
      475
      945
      38
      550
      -28
      608
      78
      271
      -79
      1,548
      1,759
      130
      123
      258
      342
      451
      86
      236
      907
      232
      322
      15
      11,759
      5,323
      445
      880
      1,128
      5,072
      1,825
      7,801
      752
      -229
      8,275
      4,246
      -434
      2,572
      6,102
      2,875
      2,954
      3,058
      1,532
      454
      1,766
      1,421
      787
      6,941
      374
      3,601
      4,192
      13,265
      4,900
      -750
      1,011
      760
      855
      11,233
      682
      2,338
      574
      930
      2,170
      -264
      531
      5,571
      1,332
      2,372
      366
      6,067
      2,031
      6,221
      3,697
      7,992
      1,779
      8,139
      767
      -581
      8,439
      -2,472
      179
      2,729
      596
      2,261
      1,562
      478
      2,269
      2,488
      -1,705
      427
      2,507
      3,241
      3,590
      2,168
      998
      3,654
      4,372
      664
      1,194
      510
      -63
      5,142
      2,747
      1,108
      145
      -634
      5,374
      6,827
      4,236
      2,230
      114
      1,621
      4,728
      941
      2,445
      1,414
      10,013
      1,019
      1,670
      2,806
      3,806
      1,408
      3,705
      142
      1,994
      410
      887
      258
      1,112
      7,267
      1,749
      2,266
      424
      1,268
      5,108
      277
      -6,507
      1,517
      170
      4,974
      2,070
      1,418
      3,576
      5,832
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 2 353,362
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 67,500 3,011,324 0.022415
2008 523,533 1,981,349 0.264231
2007 0 1,755,623 0.0
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.286646
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 0.095549
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,076,118
5 Multiply line 4 by line 3....................... 5 293,920
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,917
7 Add lines 5 and 6......................... 7 297,837
8 Enter qualifying distributions from Part XII, line 4.............. 8 695,000
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 3,917
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 3,917
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 3,917
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 3,960
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 3,960
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 43
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet43 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
     
    No
    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)bulletNJ
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (973) 927-8300
    Located atbullet1070 US HIGHWAY 46LEDGEWOODNJ ZIP+4bullet078529735
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DOMINICK V ROMANO PRESIDENT/TRUSTEE
    0.00     		0 0 0
    1070 US HIGHWAY 46
    LEDGEWOOD,NJ07852
    KATHRYN P ROMANO SECRETARY/TRUSTEE
    0.00     		0 0 0
    1070 US HIGHWAY 46
    LEDGEWOOD,NJ07852
    DOMINICK J ROMANO VICE PRESIDNET/TRUSTEE
    0.00     		0 0 0
    1070 US HIGHWAY 46
    LEDGEWOOD,NJ07852
    DAVID P ROMANO TREASURER/TRUSTEE
    0.00     		0 0 0
    1070 US HIGHWAY 46
    LEDGEWOOD,NJ07852
    NINA A ROMANO ASSIST. TREASURER/TRUSTEE
    0.00     		0 0 0
    1070 US HIGHWAY 46
    LEDGEWOOD,NJ07852
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    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
    2,741,430
    b
    Average of monthly cash balances.......................
    1b
    381,532
    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
    3,122,962
    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
    3,122,962
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    46,844
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,076,118
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    153,806
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    153,806
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,917
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,917
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    149,889
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    149,889
    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
    149,889
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    695,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    695,000
    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
    3,917
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    691,083
    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 7 149,889
    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....... 294,318
    e From 2009.......  
    fTotal of lines 3a through e......... 294,318
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 695,000
    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..... 149,889
    e Remaining amount distributed out of corpus 545,111
    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 5 839,429
    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 ......     		839,429
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 294,318
    d Excess from 2009....  
    e Excess from 2010.... 545,111
    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).)
    DOMINICK V ROMANO
    KATHRYN P ROMANO
    DOMINICK J ROMANO
    DAVID P ROMANO
    NINA A ROMANO
    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:
    RR FAMILY FOUNDATION INC TRUSTESS
    1070 US HIGHWAY 46
    LEDGEWOOD,NJ07852
    (973) 927-8300
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD BE MADE IN WRITING TO THE BOARD OF TRUSTEES AT THE ADDRESS NOTED ABOVE.
    cAny submission deadlines:
    NONE.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ANY AWARDS GIVEN MUST BE USED FOR A QUALIFYING CHARITABLE PURPOSE.
    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
    BLAIR ACADEMY
    2 PARK STREET
    BLAIRSTOWN,NJ07825     		NONE 501(C)3 GENERAL CHARITABLE 100,000
    PROJECT SELF SUFFICIENCY
    127 MILL STREET
    NEWTON,NJ07860     		NONE 501(C)3 GENERAL CHARITABLE 50,000
    ST MICHAEL'S CHURCH
    4 CHURCH ST
    NETCONG,NJ07857     		NONE 501(C)3 GENERAL CHARITABLE 100,000
    THE GROWING STAGE
    7 LEDGEWOOD AVENUE
    NEWTON,NJ07860     		NONE 501(C)3 GENERAL CHARITABLE 55,000
    ST JOSEPH REGIONAL SCHOOL
    20 JEFFERSON ST
    NEWTON,NJ07860     		NONE 501(C)3 GENERAL CHARITABLE 200,000
    SCARC
    11 US ROUTE 206
    AUGUSTA,NJ07822     		NONE 501(C)3 GENERAL CHARITABLE 100,000
    OUR LADY OF THE LAKE CHURCH
    294 SOUTH SPARTA AVE
    SPARTA,NJ07871     		NONE 501(C)3 GENERAL CHARITABLE 20,000
    HILLTOP COUNTRY DAY SCHOOL
    32 LAFAYETTE ROAD
    SPARTA,NJ07871     		NONE 501(C)3 GENERAL CHARITABLE 70,000
    Total .................................bullet 3a 695,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 62,254  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 661  
    8Gain or (loss) from sales of assets other than inventory     18 340,616  
    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).. 0 403,531 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13403,531
    (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 InvestmentsCorpBondsSchedule
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SMITH BARNEY A/C 75025 - CORPORATE BONDS 72,058 72,058
    SMITH BARNEY A/C 75028 - CORPORATE BONDS 139,334 139,334

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SMITH BARNEY A/C 59702 - COMMON STOCKS 5,754 5,754
    SMITH BARNEY A/C 75011 - COMMON STOCKS 352,464 352,464
    SMITH BARNEY A/C 75011 - CLOSED END FUNDS 36,990 36,990
    SMITH BARNEY A/C 75026 - COMMON STOCKS 832,223 832,223
    SMITH BARNEY A/C 75027 - COMMON STOCKS 612,113 612,113
    SMITH BARNEY A/C 75029 - COMMON STOCK 556,444 556,444

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    US Government Securities - End of Year Book Value:

    114,447
    US Government Securities - End of Year Fair Market Value:

    114,447
    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:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SMITH BARNEY A/C 75025 - ACCRUED INTERES ON BONDS FMV 1,471 1,471
    SMITH BARNEY A/C 75025 - MUTUAL FUNDS FMV 196,827 196,827
    SMITH BARNEY A/C 75028 - PREFERRED STOCKS FMV 53,691 53,691
    SMITH BARNEY A/C 75028 - ACCRUED INTEREST ON BONDS FMV 780 780
    SMITH BARNEY A/C 75028 - INTERNATIONAL BONDS FMV 5,583 5,583

    TY 2010 OtherExpensesSchedule
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT & OTHER FEES 22,394 22,394   0


    TY 2010 OtherIncomeSchedule2
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 661 661 661


    TY 2010 OtherIncreasesSchedule
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 184,047


    TY 2010 TaxesSchedule
    Name:
    R & R FAMILY FOUNDATION INC
    EIN: 32-0217970
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 3,861 0   0
    FOREIGN TAX 2,172 2,172   0