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 05-01-2010 , and ending 04-30-2011
G
Check all that apply:
Name of foundation
GEORGE E STIFEL SCHOLARSHIP FUND
R72892004 / 9388822100

Number and street (or P.O. box number if mail is not delivered to street address)C/O JPMORGAN CHASE BANKNAPOBOX 3038   Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

55-6018248
B Telephone number (see page 10 of the instructions)

(414) 977-1210
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$1,525,655J 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 14 14  
4 Dividends and interest from securities...... 22,328 22,306  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 108,826
b Gross sales price for all assets on line 6a 930,336
7 Capital gain net income (from Part IV, line 2)... 108,924
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 4,337 0  
12 Total. Add lines 1 through 11........ 135,505 131,244  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,132 11,349   3,783
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,825 0   5,825
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 415 285   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 131 0   131
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,503 11,634   9,739
25 Contributions, gifts, grants paid........ 68,800 68,800
26 Total expenses and disbursements. Add lines 24 and 25 90,303 11,634   78,539
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 45,202
b Net investment income (if negative, enter -0-) 119,610
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............... 45,304 20,974 20,974
2 Savings and temporary cash investments.......... 26,383 99,634 99,634
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 823,013 Click to see attachment969,138 1,131,236
c Investments—corporate bonds (attach schedule)........ 349,581 Click to see attachment250,486 273,811
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment50,000 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,294,281 1,340,232 1,525,655
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......... 1,294,281 1,340,232
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,294,281 1,340,232
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,294,281 1,340,232
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 1,294,281
2 Enter amount from Part I, line 27a...................... 2 45,202
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 749
4 Add lines 1, 2, and 3.......................... 4 1,340,232
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 1,340,232
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 JP MORGAN MULTI-STRATEGY FUND LLC P    
c JP MORGAN MULTI-STRATEGY FUND LLC P    
d JP MORGAN MULTI-STRATEGY FUND LLC SEC 1231 P    
e JP MORGAN MULTI-STRATEGY FUND LLC SEC 1256 P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 929,291   821,510 107,781
b       206
c       187
d       -46
e       -249
1,045     1,045
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       107,781
b       206
c       187
d       -46
e       -249
      1,045
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 2 108,924
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 98,694 1,329,816 0.074216
2008 112,687 1,416,041 0.079579
2007 86,599 1,913,059 0.045267
2006 82,723 1,864,133 0.044376
2005 75,467 1,780,023 0.042397
2 Total of line 1, column (d) ...................... 2 0.285835
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 0.057167
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 1,386,606
5 Multiply line 4 by line 3....................... 5 79,268
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,196
7 Add lines 5 and 6......................... 7 80,464
8 Enter qualifying distributions from Part XII, line 4.............. 8 78,539
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 2,392
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 2,392
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 2,392
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 130
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 3,570
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,700
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 1
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 1,307
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,307 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)bulletWV
    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 ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (304) 234-4130
    Located atbullet1114 MARKET STREETWHEELINGWV ZIP+4bullet260032906
    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
    JPMORGAN CHASE BANK NA TRUSTEE
    2.00     		15,132 0 0
    PO BOX 3038
    MILWAUKEE,WI53201
    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 N/A 0
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,335,260
    b
    Average of monthly cash balances.......................
    1b
    72,462
    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
    1,407,722
    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
    1,407,722
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    21,116
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,386,606
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    69,330
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    69,330
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,392
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,392
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    66,938
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    66,938
    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
    66,938
    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
    78,539
    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
    78,539
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    78,539
    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 66,938
    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....... 15,467
    e From 2009....... 29,303
    fTotal of lines 3a through e......... 44,770
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 78,539
    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..... 66,938
    e Remaining amount distributed out of corpus 11,601
    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 56,371
    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 ......     		56,371
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 15,467
    d Excess from 2009.... 29,303
    e Excess from 2010.... 11,601
    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:
    ENDOWMENT TRUSTEE JPMORGAN CHASE BA
    1114 MARKET STREET
    WHEELING,WV26003
    (304) 234-4130
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ENDOWMENT TRUSTEE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATES OF OHIO COUNTY (WV) SCHOOLS
    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
    ABIGAIL KACZOR WEST LIBERTY STATE C
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 500
    AMBER LOEW WEST LIBERTY STATE COLLE
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 1,800
    BRENT JORDEN WEST LIBERTY STATE COL
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 2,000
    CAITLIN O'LEARY WEST LIBERTY STATE
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 2,000
    CAITLIN PEYTON WEST VIRGINIA UNIVER
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 1,700
    CARMEN DAVIS WEST VIRGINIA UNIVERSI
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 900
    CHELSEA WARREN MARSHALL UNIVERSITY
    ONE JOHN MARSHALL DR
    HUNTINGTON,WV25755     		NONE N/A SCHOLARSHIPS 2,000
    CIERA BONAR WEST LIBERTY STATE COLL
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 2,000
    DOMINIQUE MITCHELL MARSHALL UNIVERS
    ONE JOHN MARSHALL DR
    HUNTINGTON,WV25755     		NONE N/A SCHOLARSHIPS 1,500
    ERICA SENGEWALT WEST VIRGINIA UNIVE
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 3,000
    ETHAN TRACY ROBERT MORRIS UNIVERSIT
    6001 UNIVERSITY BLVD
    MOON TOWNSHIP,PA151081189     		NONE N/A SCHOLARSHIPS 3,000
    IEASHA WALKER MARSHALL UNIVERSITY
    ONE JOHN MARSHALL DR
    HUNTINGTON,WV25755     		NONE N/A SCHOLARSHIPS 2,100
    JEANETTE MILLER WEST VIRGINIA UNIVE
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 5,000
    JENNIFER UPDERGRAFF WEST LIBERTY ST
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 1,800
    JOSEPH ZOLLARS BERKLEE COLLEGE OF M
    1090 BOYLSTON STREET
    BOSTON,MA022153601     		NONE N/A SCHOLARSHIPS 1,800
    JUSTIN POLING WEST LIBERTY STATE UN
    PO BOX 295
    WEST LIBERTY,WV260740295     		NONE N/A SCHOLARSHIPS 2,500
    KELSEY MANGUS WEST VIRGINIA UNIVERS
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 2,000
    KRYSTA FRYE WAKE FOREST UNIVERSITY
    1834 WAKE FOREST RD
    WINSTONSALEM,NC27106     		NONE N/A SCHOLARSHIPS 5,000
    LOGAN WOJCIK INDIANA UNIVERSITY OF
    1011 SOUTH DRIVE
    INDIANA,PA15705     		NONE N/A SCHOLARSHIPS 1,800
    MARLO TRABERT BETHANY COLLEGE
    PO BOX 417
    BETHANY,WV260320417     		NONE N/A SCHOLARSHIPS 3,000
    MARY HVIZDOS UNIVERSITY OF ILLINOIS
    620 E JOHN ST MC-303
    CHAMPAIGN,IL618205712     		NONE N/A SCHOLARSHIPS 3,000
    MATTHEW SIBURT WEST VIRGINIA UNIVER
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 900
    RYAN HORAN ST MICHAEL'S COLLEGE IN
    ONE WINSOOKI PARK
    COLCHESTER,VT05439     		NONE N/A SCHOLARSHIPS 3,000
    RYAN SENGEWALT WEST VIRGINIA UNIVER
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 1,300
    SARAH SCHNEIDER VIRGINIA TECH UNIVE
    150 STUDENT SERVICES BLDG 0143
    BLACKSBURG,VA24061     		NONE N/A SCHOLARSHIPS 1,800
    SEAN HORAN WEST VIRGINIA UNIVERSITY
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 7,000
    SHAKIYLA LEEPER MARSHALL UNIVERSITY
    ONE JOHN MARSHALL DR
    HUNTINGTON,WV25755     		NONE N/A SCHOLARSHIPS 900
    SPENCER TEUFEL WEST VIRGINIA UNIVER
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE N/A SCHOLARSHIPS 2,000
    TYLER DAILER WAYNESBURG UNIVERSITY
    51 W COLLEGE ST
    WAYNESBURG,PA15370     		NONE N/A SCHOLARSHIPS 2,000
    ZACHARY DAVIS ROBERTS MORRIS UNIVER
    6001 UNIVERSITY BLVD
    MOON TOWNSHIP,PA151081189     		NONE N/A SCHOLARSHIPS 1,500
    Total .................................bullet 3a 68,800
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 14  
    4 Dividends and interest from securities....     14 22,328  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 108,826  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a2009 EXCISE TAX REFUND     01 65  
    b2008 EXCISE TAX REFUND     01 4,272  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 135,505 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13135,505
    (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:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 825 0   825
    SCHOLARSHIP ACCOUNTING FEE 5,000 0   5,000

    TY 2010 AllOthProgRltdInvestmentsSch
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Category Amount
    N/A 0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD FIXED INCOME SECS F INTR TRM CP PT (FUND 71) - 2746.81 SHS 23,678 27,358
    ISHARES BARCLAYS TIPS BOND FUND - 300 SHS 12,684 15,007
    EATON VANCE MUT FDS TR FLT RT CL I - 3159.218 SHS 27,658 28,749
    JPM HIGH YIELD FD - SEL FUND 3580 5.89% - 7060.826 SHS 53,807 59,170
    JPM SHORT DURATION BOND FD - SEL FUND 3133 1.10% - 6533.262 SHS 69,013 71,801
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 1387.93 SHS 19,661 21,332
    JPM STR INC OPP FD FUND 3844 2.02% - 2402.748 SHS 24,100 28,881
    JPM INTL CURRENCY INCOME FD INCOME FUND 1.63% - 1829.355 SHS 19,885 21,513

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 7 SHS 318 364
    ADOBE SYSTEMS INC - 8 SHS 273 268
    ALEXION PHARMACEUTICALS INC - 2 SHS 112 194
    AMAZON COM INC - 5 SHS 415 979
    AMERICAN EXPRESS CO - 5 SHS 211 245
    ANADARKO PETROLEUM CORP - 6 SHS 450 474
    APACHE CORP - 5 SHS 315 667
    APPLE INC. - 3 SHS 208 1,050
    BB & T CORP - 5 SHS 81 135
    BAKER HUGHES INC - 3 SHS 152 232
    CVS CAREMARK CORPORATION - 9 SHS 180 326
    CAMPBELL SOUP COMPANY - 5 SHS 181 168
    CARDINAL HEALTH INC - 5 SHS 108 218
    CELGENE CORPORATION - 4 SHS 199 236
    CISCO SYSTEMS INC - 17 SHS 245 298
    CITRIX SYSTEMS INC - 2 SHS 137 169
    COLGATE PALMOLIVE CO - 2 SHS 158 169
    WALT DISNEY CO - 5 SHS 89 216
    DOW CHEMICAL CO - 5 SHS 134 205
    E I DU PONT DE NEMOURS & CO - 10 SHS 356 568
    E M C CORP MASS - 15 SHS 303 425
    FIFTH THIRD BANCORP - 5 SHS 72 66
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 7 SHS 105 385
    GENERAL ELECTRIC CO - 10 SHS 153 205
    GENERAL MILLS INC - 5 SHS 151 193
    JOHNSON CONTROLS INC - 10 SHS 114 410
    KELLOGG CO - 3 SHS 146 172
    LAM RESEARCH CORP - 2 SHS 104 97
    LENNAR CORP - 5 SHS 77 95
    LOWES COMPANIES INC - 10 SHS 230 263
    MICROSOFT CORP - 22 SHS 435 570
    MORGAN STANLEY - 4 SHS 71 105
    NATIONAL-OILWELL VARCO INC - 2 SHS 126 153
    NIKE INC B - 5 SHS 309 412
    NORFOLK SOUTHERN CORP - 10 SHS 395 747
    NOVELLUS SYSTEMS INC - 5 SHS 127 161
    OCCIDENTAL PETROLEUM CORP - 7 SHS 314 800
    ORACLE CORP - 15 SHS 315 539
    PACCAR INC - 7 SHS 178 372
    PEPSICO INC - 5 SHS 268 344
    PFIZER INC - 30 SHS 390 629
    PROCTER & GAMBLE CO - 10 SHS 527 649
    QUALCOMM INC - 5 SHS 128 285
    SANDISK CORP - 5 SHS 218 247
    SOUTHERN CO - 10 SHS 285 390
    SPRINT NEXTEL CORP - 25 SHS 103 130
    STAPLES INC - 15 SHS 305 317
    STATE STREET CORP - 5 SHS 199 233
    UNITED TECHNOLOGIES CORP - 5 SHS 270 448
    XILINX CORP - 5 SHS 142 174
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 5 SHS 241 415
    SEMPRA ENERGY - 4 SHS 210 220
    CITIGROUP INC - 55 SHS 218 252
    WELLS FARGO & CO - 15 SHS 218 437
    THORNBURG VALUE FUND FD CL I - 580.423 SHS 21,737 21,870
    BANK OF AMERICA CORP - 25 SHS 197 307
    GOLDMAN SACHS GROUP INC - 2 SHS 151 302
    DEVON ENERGY CORP - 3 SHS 192 273
    EOG RESOURCES INC - 2 SHS 135 226
    HONEYWELL INTERNATIONAL INC - 5 SHS 195 306
    UNITEDHEALTH GROUP INC - 5 SHS 189 246
    VERIZON COMMUNICATIONS INC - 11 SHS 358 416
    COACH INC - 5 SHS 167 299
    FLUOR CORP - 6 SHS 427 420
    GLOBAL PAYMENTS INC - 5 SHS 244 266
    US BANCORP DEL - 5 SHS 79 129
    ISHARES RUSSELL MIDCAP INDEX FUND - 150 SHS 9,394 16,836
    ADVANCED AUTO PARTS INC - 5 SHS 150 327
    3M CO - 3 SHS 259 292
    YUM BRANDS INC - 5 SHS 168 268
    ARTISAN INTL VALUE FUND - INV - 1576.81 SHS 39,486 46,137
    COMCAST CORP CL A - 5 SHS 85 131
    CARNIVAL CORPORATION - 5 SHS 173 190
    ARBITRAGE FUNDS - I CL I - 3404.185 SHS 44,189 44,118
    ASTON OPTIMUM MID CAP FUND I - 607.471 SHS 20,180 21,122
    WELLPOINT INC - 5 SHS 277 384
    JPM LARGE CAP GROWTH FD - SEL FUND 3118 - 1127.641 SHS 23,892 25,473
    JPM US REAL ESTATE FD - SEL FUND 3037 - 2692.117 SHS 33,705 46,547
    JPM 3 INDEX FD - SEL FUND 3129 1.98% - 1036.118 SHS 25,675 32,089
    JPM MARKET EXPANSION INDEX FD - SEL FUND 3708 - 2540.158 SHS 16,613 30,507
    JPM MID CAP GROWTH - SEL FUND 3120 - 1396.101 SHS 23,097 35,503
    JPM ASIA 3 FD - SEL FUND 1134 - 470.319 SHS 10,248 18,578
    VANGUARD MSCI EMERGING MARKETS ETF - 1225 SHS 52,406 61,985
    JPM US LRGE CAP CORE PLUS FD - SEL FUND 1002 - 1406.845 SHS 28,633 31,105
    AT&T INC - 5 SHS 189 156
    JPM TR I GROWTH ADVANTAGE FD - SEL FUND 1567 - 5468.156 SHS 29,546 52,494
    HARTFORD CAPITAL APPRECIATION FUND - 645.574 SHS 20,046 23,570
    MANNING & NAPIER FUND INC WORLD OPPORTUNITIES SERIES FUND - 6379.534 SHS 57,480 61,371
    MANNING & NAPIER FUND INC 3 SERIES - 1533.246 SHS 31,294 31,600
    EATON VANCE MUT FDS TR GLOBAL MACRO - I - 5732.796 SHS 58,870 58,761
    INVESCO LTD - 5 SHS 97 124
    SPDR GOLD TRUST - 75 SHS 0 0
    JPMORGAN ACCESS MULTI-STRATEGY FUND (RIC), LLC 07-08 - 50000 SHS 50,000 48,074
    ACE LTD NEW - 5 SHS 208 336
    TYCO INTERNATIONAL LTD - 5 SHS 181 244
    TIME WARNER INC NEW - 10 SHS 173 379
    MERCK AND CO INC - 8 SHS 224 288
    JPM RESEARCH MARKET NEUTRAL FD - SEL FUND - SEL - 1698.812 SHS 26,438 25,975
    HIGHBRIDGE DYNAMIC COMM STRG FD -SEL STRATEGY FUND - SE - 1926.462 SHS 30,927 43,365
    BARC COMM. CPN 5/9/11 CAP MKT PLUS NTS LKND S&P GSCI EXC RTRN INDX- 15000SH 14,850 17,078
    HSBC SPX BREN 5/26/11 - 15000 SHS 14,850 16,962
    NEXTERA ENERGY INC - 5 SHS 246 283
    GS BREN SPX 7/8/11 - 10000 SHS 9,900 11,726
    BARC ASIA BREN 7/15/11 - 15000 SHS 14,850 17,882
    DB BREN SPX 8/10/11 - 15000 SHS 14,850 17,328
    GS GOLD CPN NOTE 10/7/11 5%CPN, 20% BARRIER, 16.5% MAX RET - 15000 SHS 14,850 16,686
    CS BREN ASIA BASKET 11/9/11 10%BUFFER-2XLEV-7.375%CAP- 20000 SHS 19,800 20,854
    BARC BREN SPX 11/16/11 - 20000 SHS 19,800 21,742
    DB CONT BUFF EQ MID 11/23/11 75% CONTIN BARRIER - 4.5%CPN- 20%CAP- 15000 SHS 14,850 17,051
    BARC GSCI OIL PART CPN NOTE 2/1/12 LNKD SPGCCLP INDX,8%CPN,20%BUFFER- 15000 14,850 16,665
    BARC BREN EAFE 2/23/12 10%BUFFER-2XLEV-7.81%CAP- 15000 SHS 14,850 15,384
    CS BREN EAFE 3/14/12 10%BUFFER-2XLEV-7.306%CAP- 15000 SHS 14,850 14,925
    COLUMBIA FDS SER TR II MASS ASIA PC JP R5 - 1254.719 SHS 14,292 18,871
    COVIDIEN PLC NEW - 2 SHS 72 111
    GS BREN EAFE 4/10/12 10%BUFFER-2XLEV-8.15%CAP- 16.3%MAXRTRN- 15000 SHS 14,850 15,529
    JPMORGAN TAX AWARE 3 FUND - 1604.278 SHS 30,000 30,738
    DB REN SPX 4/25/12 2 XLEV- 8.65%CAP- 17.3%MAXPYMT - 20000 SHS 19,800 20,414
    CS BREN EAFE 5/2/12 10%BUFFER-2 XLEV- 8.1%CAP 16.2%MAXRTRN- 15000 SHS 14,850 14,895
    DB REN SPX 5/16/12 2 XLEV- 8.74%CAP- 17.48%MAXPYMT - 20000 SHS 19,800 20,000
    JUNIPER NETWORKS INC - 5 SHS 80 192
    EXXON MOBIL CORP - 13 SHS 29 1,144
    METLIFE INC - 5 SHS 125 234
    DENDREON CORP - 2 SHS 70 87
    MARVELL TECHNOLOGY GROUP LTD - 10 SHS 200 154
    PRUDENTIAL FINANCIAL INC - 5 SHS 114 317
    CONOCOPHILLIPS - 5 SHS 234 394
    BIOGEN IDEC INC - 5 SHS 249 488
    BAIDU INC SPONS ADR - 6 SHS 553 891
    TD AMERITRADE HOLDING CORPORATION - 5 SHS 78 108
    MASTERCARD INC - CLASS A - 0 SHS 0 0
    GENERAL MOTORS CO - 6 SHS 203 193

    TY 2010 OtherAssetsSchedule
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    JPMORGAN MULTI STRATEGY FD NSD 07/08 - 50000 SHS 50,000    


    TY 2010 OtherIncomeSchedule2
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    2009 EXCISE TAX REFUND 65   65
    2008 EXCISE TAX REFUND 4,272   4,272


    TY 2010 OtherIncreasesSchedule
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 749


    TY 2010 TaxesSchedule
    Name:
    GEORGE E STIFEL SCHOLARSHIP FUND
    R72892004 / 9388822100
    EIN: 55-6018248
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED EXCISE TAX - CURRENT YEAR 130 0   0
    FOREIGN TAX WITHHELD 285 285   0