Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)120 ELM DRIVE   Room/suite
City or town, state, and ZIP code
EAST HILLS, NY11576
A Employer identification number

11-6048777
B Telephone number (see page 10 of the instructions)

(516) 621-3717
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$4,749,801J 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 5 5  
4 Dividends and interest from securities...... 227,305 227,305  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 94,252
b Gross sales price for all assets on line 6a 1,710,471
7 Capital gain net income (from Part IV, line 2)... 94,252
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 321,562 321,562  
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 4,632 2,474   250
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,244 0   3,244
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,862 5,737   125
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,738 8,211   3,619
25 Contributions, gifts, grants paid........ 200,350 200,350
26 Total expenses and disbursements. Add lines 24 and 25 214,088 8,211   203,969
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 107,474
b Net investment income (if negative, enter -0-) 313,351
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............... 22,437 38,113 38,113
2 Savings and temporary cash investments.......... 36,061 110,114 110,114
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........... 7,583 5,675 5,675
10a Investments—U.S. and state government obligations (attach schedule) 259,331 Click to see attachment1,078,237 1,058,569
b Investments—corporate stock (attach schedule)........ 3,272,369 Click to see attachment2,740,332 3,077,251
c Investments—corporate bonds (attach schedule)........ 193,735 Click to see attachment124,779 129,932
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 558,735 Click to see attachment349,796 307,189
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment12,279 Click to see attachment22,958 Click to see attachment22,958
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,362,530 4,470,004 4,749,801
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 4,362,530 4,470,004
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,362,530 4,470,004
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,362,530 4,470,004
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 4,362,530
2 Enter amount from Part I, line 27a...................... 2 107,474
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,470,004
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 4,470,004
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 1,050 SH - BERKSHIRE HATHAWAY B NEW P 2006-11-24 2010-02-10
b 2,500 SH - BP PLC ADS P 1998-12-10 2010-12-31
c 1,613 SH - CITIGROUP INC P 2004-07-28 2010-05-04
d 3,431 SH - DAVIS NEW YORK VENTURE C P 2005-10-26 2010-05-04
e FRONTIER COMMUNICATIONS - FRACTIONAL SHARE P 1993-12-29 2010-12-31
513 SH - HASBRO INC P 2004-10-14 2010-11-16
400 SH - JOHNSON & JOHNSON P 2004-04-14 2010-04-07
820 SH - STANDARD & POORS DEP RCPTS P 2004-10-13 2010-12-31
319 SH - THE HARTFORD FIN SERS GRP P 1993-12-27 2010-12-06
2,068 SH - TUPPERWARE CORP P 2004-10-14 2010-12-31
3,400 SH - VALLEY NATIONAL BANK P 2009-09-11 2010-12-31
1,000 ESCROW CONSECO 9160 EXCHANGE P 2006-01-01 2010-12-31
34,712 SH - FIRST TRUST PFD INCOME OPPORTUNITY P 2009-01-14 2010-12-22
25,000 GMAC 6.875% 09/15/11 P 2001-11-06 2010-04-16
25,000 GMAC 6.875% 09/15/11 P 2003-08-28 2010-04-16
51,000 JPM CHASE CAPITAL XXV BONDS CPN 6.8% P 2008-12-16 2010-06-30
35,000 MGM MIRAGE 6.75% 09/01/12 P 2007-03-27 2010-01-26
80,000 MTA DUE 11/15/31 P 2010-02-10 2010-06-16
25,000 FNMA 6.375% 08/22/36 P 2006-08-25 2010-06-14
80.21 SH - IDEARC INC P 2006-07-01 2010-01-28
40,000 CITIBANK MLD LINKED - RUSSELL INDEX P 2009-10-26 2010-09-20
3,169.37 SH - DAVIS NEW YORK VENTURE FUND CL A P 2005-10-26 2010-05-04
362.06 SH - INVESTMENT COMPANY OF AMERICA FD CL A P 2005-06-06 2010-12-07
859.813 SH - OPPENHEIMER MAIN ST INC & GR FUND CL A P 1996-08-07 2010-12-06
807.951 SH - OPPENHEIMER EQUITY INCOME FUND CL A P 2005-03-18 2010-12-06
234 UTS AAM SERIES 4 ADVISORS CORP P 2009-09-01 2010-12-31
215 SH - ACOM CO LTD SPONS ADR P 2007-05-09 2010-11-01
45 SH - AKZO NOBEL NV ADR P 2000-09-25 2010-09-27
40 SH - ASTRAZENECA PLC ADS P 2007-05-14 2010-07-26
120 SH - BASF SE SP ADR P 2009-03-11 2010-03-08
120 SH - BASF SE SP ADR P 2008-11-20 2010-03-08
200 SH - BRITISH SKY BROADCASTING GRP PLC P 2005-12-15 2010-07-15
CEMEV SAB DE C.V. ADR - FRACTIONAL SHARE P 2009-11-18 2010-12-31
20 SH - CONTAX PARTICOPAOCOES SA ADR P 2005-09-06 2010-03-08
175 SH - DAIMLER AG P 2010-03-12 2010-10-13
85 SH - HENKEL KGAA PFD SH SPON ADR P 2009-02-17 2010-02-22
85 SH - HITACHI 10 COM NEW ADR P 2005-02-25 2010-05-28
95 SH - MAGNA INTL A COM P 2006-10-11 2010-08-05
1,490 SH - NEC CORP ADR P 2007-06-21 2010-10-26
130 SH - NOKIA CP ADR P 2008-10-30 2010-04-01
133 SH - ROYAL BANK SCOTLAND P 2007-11-02 2010-04-15
120 SH - SANOFI AVENTIS ADS P 2005-01-28 2010-02-16
SUMITOMO MITSUI FINL GRP - FRACTIONAL SHARES P 2007-08-03 2010-12-31
100 SH - SWISSCOM.AG P 2005-02-25 2010-12-08
100 SH - TELECOM ARGENTINA SA ADR P 2000-05-24 2010-12-15
20 SH - TELEFONICA SA ADR P 2005-11-18 2010-10-29
360 SH - TOMPKINS PLC ADS P 2006-10-04 2010-07-19
(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 76,548   75,369 1,179
b 112,376   50,042 62,334
c 6,811   69,798 -62,987
d 98,140   100,737 -2,597
e 11     11
23,602   9,880 13,722
25,852   20,900 4,952
94,739   92,636 2,103
7,555   7,593 -38
96,558   40,651 55,907
48,956   39,936 9,020
16     16
352,247   322,815 29,432
25,247   25,000 247
25,247   25,000 247
49,607   51,000 -1,393
32,194   35,000 -2,806
82,194   81,758 436
25,000   25,000 0
    1,983 -1,983
41,708   40,000 1,708
99,970   115,877 -15,907
10,000   11,238 -1,238
27,067   31,182 -4,115
19,205   21,284 -2,079
248,497   235,240 13,257
545   1,960 -1,415
2,835   1,853 982
2,031   2,124 -93
7,189   3,655 3,534
7,104   3,335 3,769
8,488   6,986 1,502
4     4
55     55
10,535   8,122 2,413
4,209   2,083 2,126
3,473   5,205 -1,732
7,095   7,081 14
4,242   7,436 -3,194
2,052   2,114 -62
1,889   16,916 -15,027
4,402   4,598 -196
3     3
4,186   3,276 910
2,480   2,375 105
1,619   877 742
6,688   6,304 384
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       1,179
b       62,334
c       -62,987
d       -2,597
e       11
      13,722
      4,952
      2,103
      -38
      55,907
      9,020
      16
      29,432
      247
      247
      -1,393
      -2,806
      436
      0
      -1,983
      1,708
      -15,907
      -1,238
      -4,115
      -2,079
      13,257
      -1,415
      982
      -93
      3,534
      3,769
      1,502
      4
      55
      2,413
      2,126
      -1,732
      14
      -3,194
      -62
      -15,027
      -196
      3
      910
      105
      742
      384
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 94,252
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 238,565 4,106,724 0.058091
2008 266,071 4,578,069 0.058119
2007 237,795 5,288,675 0.044963
2006 235,117 4,928,056 0.047710
2005 213,100 4,707,936 0.045264
2 Total of line 1, column (d) ...................... 2 0.254147
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 0.050829
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 4,547,839
5 Multiply line 4 by line 3....................... 5 231,162
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,134
7 Add lines 5 and 6......................... 7 234,296
8 Enter qualifying distributions from Part XII, line 4.............. 8 203,969
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 6,267
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 6,267
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 6,267
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 5,675
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 5,675
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 9 592
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)bulletNY
    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 ofbulletSHIRLEY FLEISCHER Telephone no.bullet (516) 621-3717
    Located atbullet120 ELM DRIVEEAST HILLSNY ZIP+4bullet11576
    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
    SHIRLEY FLEISCHER PRESIDENT/TRUSTEE
    0.00     		0 0 0
    120 ELM DRIVE
    EAST HILLS,NY11576
    STEVEN FLEISCHER VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    265 EAST 66TH STREET 10E
    NEW YORK,NY10065
    DONALD FLEISCHER VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    15 W 7ND STREET 16E
    NEW YORK,NY10023
    CARL FLEISCHER VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    44 RUTLAND SQUARE - UNIT 1
    BOSTON,MA02118
    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
    4,485,099
    b
    Average of monthly cash balances.......................
    1b
    103,363
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    28,633
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,617,095
    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
    4,617,095
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    69,256
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,547,839
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    227,392
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    227,392
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    6,267
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,267
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    221,125
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    221,125
    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
    221,125
    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
    203,969
    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
    203,969
    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
    203,969
    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 7 221,125
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 179,765
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 203,969
    a Applied to 2009, but not more than line 2a 179,765
    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..... 24,204
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		196,921
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    SHIRLEY FLEISCHER
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    TEMPLE SINAI
    425 ROSLYN ROAD
    ROSLYN HEIGHTS,NY11577     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 125
    ROSLYN TORAH FOUNDATION
    2 SHELTER ROCK ROAD
    ROSLYN,NY11576     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 11,200
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 25
    CUMBERLAND COLLEGE
    6191 COLLEGE STATION DRIVE
    WILLIAMSBURG,KY40769     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 500
    AMERICAN FRIENDS OF YESHIVAT HESDER SDEROT
    49 DAKOTA STREET
    PASSAIC,NJ07055     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 22,000
    AMERICAN ISRAEL CULTURAL FOUNDATION
    20 EAST 46TH STREET
    NEW YORK,NY10017     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 10,000
    PEF ISRAEL ENDOWMENT FUND INC - ELUL
    317 MADISON AVENUE - SUITE 607
    NEW YORK,NY10017     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 35,000
    PEF ISRAEL ENDOWMENT FUND INC - JERUSALEM BUSINESS DEVELOPMENT CENTER
    317 MADISON AVENUE - SUITE 607
    NEW YORK,NY10017     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 21,000
    PEF ISRAEL ENDOWMENT FUND INC - PITCHON LEV-A CARING HEART
    317 MADISON AVENUE - SUITE 607
    NEW YORK,NY10017     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 10,000
    PEF ISRAEL ENDOWMENT FUND INC - IT WORKS
    317 MADISON AVENUE - SUITE 607
    NEW YORK,NY10017     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 18,000
    PEF ISRAEL ENDOWMENT FUND INC - ORTHODOX SCOUTS OF JAFFA
    317 MADISON AVENUE - SUITE 607
    NEW YORK,NY10017     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 9,000
    AMERICAN FRIENDS OF AM YISRAEL ECHAD
    PO BOX 644
    NEW YORK,NY101500644     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 5,000
    JOSLIN DIABETES CENTER
    ONE JOSLIN PLACE
    BOSTON,MA02215     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 15,000
    HOLOCAUST MEMORIAL CENTER
    100 CRESCENT BEACH ROAD
    GLEN COVE,NY11542     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 5,000
    THE WASHINGTON INSTITUTE FOR NEAR EAST POLICY
    1828 L STREET NW SUITE 1050
    WASHINGTON,DC20036     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 10,000
    UJA FEDERATION OF NEW YORK
    130 EAST 59TH STREET
    NEW YORK,NY10022     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 15,000
    SELF HELP COMMUNITY SERVICES INC
    520 EIGHTH AVENUE 5TH FLOOR
    NEW YORK,NY10018     		NOT APPLICABLE PUBLIC CHARITABLE CONTRIBUTION 13,500
    Total .................................bullet 3a 200,350
    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 5  
    4 Dividends and interest from securities....     14 227,305  
    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 94,252  
    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).. 0 321,562 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13321,562
    (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:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    Name of Bond End of Year Book Value End of Year Fair Market Value
    25000 GMAC 6.875% 0 0
    25000 GMAC 6.875% 0 0
    40000 HERTZ CORP NOTES 40,069 40,200
    51000 JPM CHASE CAPITAL XXV 6.8% 0 0
    35000 MGM MIRAGE 6.75% 9/1/12 0 0
    25000 VIACOM INC 7.875% 26,044 29,517
    28000 GMAC CORP 7.75% 10/15/17 26,802 27,394
    25000 GMAC 7.30 DUE 1/15/18 23,330 24,002
    9000 GMAC CORP. 7.50% 11/15/16 8,534 8,819

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    Name of Stock End of Year Book Value End of Year Fair Market Value
    5077.34 SHS - AT&T CORP. 133,224 149,172
    1000 SHS-ASHFORD HOSPITAL 8.45% SER D 25,000 23,450
    1949.13 SHS-AMER.MUTUAL FD CL C 50,800 49,352
    21 SHS -BERKSHIRE HATHAWAY B 0 0
    4545.44 SHS-BLACKROCK EQ DIV FD-CL A 81,710 79,636
    200 SHS -BOEING CO. 16,246 13,052
    1708 SHS - BP PLC ADS 34,189 75,442
    3185.77 SHS-BRISTOL MYERS SQUIBB 63,651 84,359
    760 SHS - CHEVRON TEXACO CORP 30,713 69,350
    624.46 SHS-JP MORGAN CHASE 22,266 26,489
    1613 SHS - CITIGROUP INC 0 0
    258 SHS - COCA COLA CO. 11,536 16,969
    1424 SHS - CON EDISON 13,589 70,588
    400 SHS -CONOCO PHILLIPS 19,554 27,240
    1310 SHS - ELI LILLY 6,370 45,902
    68.54 SHS - FAIRPOINT COMMUNICATIONS 224 2
    37.09 SHS - FIRST ENERGY CORP. 934 1,373
    288.61 SHS-FREEPORT MCMORAN CL B 9,622 34,659
    4369.05 SHS-FRONTIER COMMUNICATIONS 39,283 42,511
    5587.58 SHS- GENERAL ELECTRIC 136,951 102,197
    513 SHS-HASBRO INC. 0 0
    4896 SHS - HRPT PPTYS TRUST 0 0
    80 SHS - IDEARC INC. 0 0
    1400 SHS-ING GROUP NV 7.05 SER PFD 35,000 31,990
    2000 SHS -ING GROUP NV 8.5% PFD 50,000 50,580
    3342 SHS-ING PRIME RATE TRUST 31,561 19,016
    291 SHS - ITT CORP. 2,736 15,164
    633 SHS - JOHNSON & JOHNSON 33,076 39,151
    880 SHS - KIMBERLY CLARK CORP 55,530 55,475
    1042 SHS - MERCK & CO. 46,855 37,554
    2616 SHS- MS EMERGING MRKTS DOM DEBT 51,166 42,248
    1721 SHS -NATL HEALTH INVESTORS 45,481 77,479
    4939 SHS - NEW YORK COMMUNITY BANK 66,470 93,100
    676.43 SHS-OCCIDENTAL PETROLEUM 12,379 66,357
    413 SHS - PEPSICO 19,698 26,981
    5605 SHS - PFIZER, INC 21,012 98,143
    399 SHS - PROCTOR & GAMBLE 17,992 25,668
    2000 SHS-PRUDENTIAL PLC 6.75% 50,000 50,160
    1500 SHS - PS BUSINESS PARKS INC 6.70% 37,500 35,715
    466 SHS-SR HSG PPTY TR SBI 774 10,224
    820 SHS - S & P DEP RECPTS 0 0
    319 SHS - THE HARTFORD FIN SERS GRP 0 0
    2068 SHS - TUPPERWARE CORP. 0 0
    1513 SHS - VALLEY NATIONAL BANCORP 16,151 21,636
    3555.27 SHS - VERIZON COMM. 75,403 127,208
    372.88 SHS - ALLIANCE NFJ LRG CAP VAL FD 5,500 5,172
    820.12 SHS-CALAMOS GROWTH FD A 54,919 43,778
    40000 SHS-CITIBANK MLD LINKED-RUSSELL INDEX FD 0 0
    3431 SHS-DAVIS NEW YORK VENTURE C 0 0
    3169 SHS - DAVIS NY VENTURE CL A 0 0
    253.89 SHS - DELAWARE DIV INC FD 2,799 2,592
    3730.34 FIRST EAGLE GLOBAL FUND A 166,386 172,938
    4827.57 SHS-INCOME FD OF AMER-A 87,306 79,896
    1790.80 SHS - INVEST CO OF AMER-A 55,553 50,429
    2831.27 SHS - INVEST CO OF AMER-A 71,583 79,729
    1626.03 SHS - INVEST CO OF AMER-B 45,969 45,610
    1776.57 SHS - OPPENHEIMER MAIN ST FD-A 65,321 57,543
    830 SHS-OPPENHEIMER MAIN ST-B 0 0
    855 SHS-OPPENHEIMER MAIN ST-A 0 0
    799 SHS-OPPENHEIMER EQ INC FD 0 0
    9 SHS-PIMCO MONEY MARKET-CL A 9 9
    1831 SHS-SELIGMAN COMM&INFO FD A 70,226 81,871
    234 UTS-AAM SERIES 4 ADVISOR CORP 0 0
    1899 UTS-VK GLOBAL REAL EST 063 15,407 8,469
    215 SHS - ACOM CO LTD SPONS ADR 0 0
    1289 SHS - AEGON NV ADR 15,579 7,901
    70 SHS - AKSO NOBEL NV ADR 3,043 4,349
    1235 SHS - ALCATEL-LUCENT ADS 15,958 3,656
    260 SHS - ASTRAZANECA PLS ADS 12,379 12,009
    285 SHS - BARCLAYS PLC ADR 12,125 4,708
    240 SHS - BASF SE SP ADR 0 0
    65 SHS - BP PLC ADS 2,972 2,871
    9 SHS - BRASIL TELECOM S A CONS ADR 0 159
    200 SHS -BRITISH SKY BROADCASTING PLC 0 0
    300 SHS - CANON INC ADR NEW 9,703 15,402
    1515 SHS - CARREFOUR SA UNPSON ADR 12,984 12,696
    788 SHS - CEMEV SAB DE C.V. ADR 8,817 8,439
    360 SHS-CENTRAIS ELECTRICAS CO ADR 4,965 4,950
    20 SHS - CONTAX PARTICIPACOES SA ADR 0 0
    510 SHS - DAI NIPPON PRTG LTD JAPAN ADR 8,618 6,987
    1275 SHS-DEUTSCHE TELEKOM AG 1 ORD 26,679 16,320
    300 SHS-ENI SPA AMER DEP RCPT 13,877 13,122
    995 SHS-ERICSSON LM TEL ADR B 14,795 11,472
    620 SHS-FIRST PAC LTD SP ADR 3,520 2,802
    650 SHS - FLEXTRONICS INTL LTD 6,154 5,103
    673 SHS - FRANCE TELECOM 14,682 14,187
    325 SHS - FUJIFILM HLDGS CORP ADR NEW 10,092 11,615
    110 SHS - FUJI HEAVY INDS LTD ADR 5,225 8,580
    315 SHS - H LUNDBEC A/S UNSPON ADR 7,606 6,017
    85 SHS-HENKEL KGAA PFD SH SPON ADR 0 0
    85 SHS-HITACHI 10 COM NEW ADR 0 0
    335 SHS-GLAXOSMITHKLINE PLC ADS 16,545 13,139
    320 SHS-INTESA SAN PAOLO SPA ADR 12,345 5,190
    675 SHS-ITALCEMENTI FABRICH RUINTE ADR 7,620 5,744
    360 SHS-J SAINSBURY PLC SPON ADR 10,444 8,410
    1480 SHS-KINGFISHER PLC SPONS 11,040 12,077
    942 SHS-KONINKLIJKE AHOLD NV ADS 10,644 12,425
    460 SHS-KOREA ELECTRIC POWER CORP. 5,750 6,215
    145 SHS-KT CORP SPON ADR 2,825 3,016
    95 SHS-MAGNA INTL A COM 0 0
    1487 SHS-MARKS SPEN ADR SPONS 17,239 17,101
    2065 SHS-MITSUBISHE UFJ FIN GP ADR 22,821 11,172
    915 SHS-MS & AD INS GROUP HOLDINGS 18,601 11,502
    1810 SHS-MIZUHO FNCL INS SPONS ADR 21,265 6,788
    1490 SHS-NEC CORP ADR 0 0
    725 SHS-NIPPON TELEGRAPH & TELEPHONE 15,897 16,632
    485 SHS-NISSAN MTR CO LTD SPND ADR 8,535 9,196
    900 SHS-NOKIA CP ADR 12,609 9,288
    755 SHS-PORTUGAL TELECOM SGPS SA 8,587 8,652
    815 SHS-PROMISE CO ADR 19,107 2,258
    133 SHS-ROYAL BANK SCOTLAND 0 0
    400 SHS-SANOFI AVENTIS ADS 16,847 12,892
    850 SHS-SEIKO EPSON SUWA UNSO ADR 11,188 7,693
    635 SHS-SK TELECOM CO LTD 14,085 11,830
    290 SHS-SONY CORP ADR 1974 NEW 10,040 10,356
    1140 SHS-STMICROELECTRONICS NV 17,081 11,902
    1257 SHS-SUMITOMO MITSUI BK CP ADR 19,768 8,937
    270 SHS-SWISSCOM.AG 9,353 11,894
    250 SHS-SWISS REINSURANCE CO SPON ADR 14,416 13,430
    265 SHS-TAKEDA PHARMACEUTICAL CO LTD 7,398 6,453
    105 SHS-TDK CP ADR NEW 6,498 7,212
    100 SHS-TELECOM ARGENTINA SA ADR 0 0
    56 SHS-TELECOM CP NZ LTD ADS 1,420 470
    1216 SHS-TELECOM ITALIA S.P.A. 31,783 15,735
    20 SHS-TELECOMUNICACOES BRAS SA 1,364 133
    75 SHS-TELEFONICA SA ADR 3,288 5,132
    260 SHS-TELEFONOS DE MX SA DE CV 4,677 4,196
    20 SHS-TELE NORTE LESTE PART SA ADR 0 294
    1 SH-TIM PARTICIPACOES SA 0 34
    297 SHS-TOKI MARINE HLDGS INS ADR 9,467 8,791
    360 SHS-TOMKINS PLC ADS 0 0
    150 SHS-TOYOTA MTR CORP ADR NEW 11,217 11,795
    295 SHS-TYCO ELECTRONICS 8,219 10,443
    380 SHS-UNILEVER NV NY SH NEW 5,988 11,932
    4 SHS-VIVO PARTICIPACOES SA ADS 9 130
    190 SHS-VODAFONE GROUP PLC 4,277 5,024
    310 SHS-WOLSELEY PLC 2,696 970
    345 SHS-WOLTERS KLUWER NV SPON ADR 5,405 7,948
    1700 SHS-DUKE ENERGY CORP. 27,979 30,277
    400 SHS-NSTAR 15,000 16,876
    195 SHS - ASTELLAS PHARMA UNSI ADR 6,631 7,328
    250 SHS - CRH PLC ADR 4,338 5,200
    60 SHS - DEUTSCHE BANK AG 915 3,123
    170 SHS - PETROLEO BRASILEIRO SA 5,662 5,809
    205 SHS - SEVEN & 1 HOLDINGS ADR 9,826 10,941
    260 SHS - TOTAL S.A. SPONS ADR 14,198 13,905
    145 SHS - UBS AG - REG 2,028 2,388

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    1,078,237
    State & Local Government Securities - End of Year Fair Market Value:


    1,058,569


    TY 2010 InvestmentsOtherSchedule2
    Name:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    40000 GNMA PASS THRU POOL 12% AT COST 1,312 11
    25000 FNMA 6.375% AT COST 0 0
    5000 FED NATIONAL MTG 7% 9/25/20 AT COST 84 96
    1600 CBS CORP 6.75% AT COST 40,000 40,432
    3250 COUNTRYWIDE CAP V 7% AT COST 57,349 79,950
    34712 FIRST TRUST PFD INCOME OPPORT AT COST 0 0
    1000 GMAC 7.30% 3/09/31 AT COST 24,650 23,300
    1500 SATURNS JCP 7.00% AT COST 37,500 34,485
    2000 UNITED STATES CELULAR 7.5% AT COST 50,000 50,900
    748.12 SHS-PIMCO TOT RET FD-A AT COST 8,506 8,117
    1224 SHS-COMMONWEALTH REIT COM SH BEN INT AT COST 88,395 31,224
    42000 - JPMORGAN CHASE NA MLD LINKED AT COST 42,000 38,674

    TY 2010 OtherAssetsSchedule
    Name:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 12,279 22,958 22,958


    TY 2010 OtherExpensesSchedule
    Name:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGES 356 356   0
    INVESTMENT SERVICE FEES 5,381 5,381   0
    ADVERTISING 125 0   125


    TY 2010 TaxesSchedule
    Name:
    SHIRLEY & WILLIAM R FLEISCHER FOUNDATION INC
    EIN: 11-6048777
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 2,474 2,474   0
    NYS FILING FEE 250 0   250
    FEDERAL EXCISE TAX 1,908 0   0