TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
CONSTANCE AND CARL FERRIS CHARITABLE

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET SUITE 400 Room/suite

City or town, state, and ZIP code
BALTIMORE, MD21231

A Employer identification number

20-5568159

B Telephone number (see page 10 of the instructions)

(410) 537-5458

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$6,410,820J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	79,835		79,835
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		325,513
b	Gross sales price for all assets on line 6a 3,232,602
7	Capital gain net income (from Part IV, line 2)...			325,513
8	Net short-term capital gain.........				0
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).......			1,006
12	Total. Add lines 1 through 11........	405,348		406,354
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		18,108	18,108		0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		4,178	2,459		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	22,286		20,567	0	0
25	Contributions, gifts, grants paid........	266,250				266,250
26	Total expenses and disbursements. Add lines 24 and 25	288,536		20,567	0	266,250
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	116,812
b	Net investment income (if negative, enter -0-)			385,787
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	501,300	117,806	117,806
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	101,070	405,660	425,964
	b	Investments—corporate stock (attach schedule)........	3,512,900	4,424,463	5,229,702
	c	Investments—corporate bonds (attach schedule)........	1,075,240	371,841	387,348
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	250,000	250,000	250,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,440,510	5,569,770	6,410,820
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	5,440,510	5,569,770
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	5,440,510	5,569,770
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	5,440,510	5,569,770

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	5,440,510
2	Enter amount from Part I, line 27a......................	2	116,812
3	Other increases not included in line 2 (itemize)	3	12,552
4	Add lines 1, 2, and 3..........................	4	5,569,874
5	Decreases not included in line 2 (itemize)	5	104
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	5,569,770

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	570. ABB LTD SPON ADR	2009-12-28	2010-01-27
b	3. ASBC CAPITAL I 7.6250% PFD	2008-11-04	2010-03-02
c	17. ASBC CAPITAL I 7.6250% PFD	2008-11-04	2010-03-03
d	10. ASBC CAPITAL I 7.6250% PFD	2008-11-04	2010-03-04
e	31. ASBC CAPITAL I 7.6250% PFD	2008-11-04	2010-03-05
	58. ASBC CAPITAL I 7.6250% PFD	2009-02-25	2010-03-08
	28. ASBC CAPITAL I 7.6250% PFD	2009-02-25	2010-03-09
	6. ASBC CAPITAL I 7.6250% PFD	2009-02-25	2010-03-09
	8. ASBC CAPITAL I 7.6250% PFD	2009-02-25	2010-03-19
	28. ASBC CAPITAL I 7.6250% PFD	2009-02-25	2010-03-22
	16. ASBC CAPITAL I 7.6250% PFD	2009-02-25	2010-03-23
	15. ASBC CAPITAL I 7.6250% PFD	2009-02-24	2010-03-24
	205. ALBERTO CULVER CO	2010-01-27	2010-09-27
	211. ALBERTO CULVER CO	2010-01-27	2010-10-05
	109. ALBERTO CULVER CO	2010-01-27	2010-10-08
	23. ALBERTO CULVER CO	2010-01-27	2010-10-08
	132. ALBERTO CULVER CO	2010-01-27	2010-10-11
	130. ALBERTO CULVER CO	2010-01-27	2010-10-13
	189. ALBERTO CULVER CO	2010-01-27	2010-10-18
	43. ALLERGAN INC	2010-03-02	2010-10-29
	10000. ALLERGAN INC 5.750% 4/01/16	2009-01-30	2010-03-05
	5277.778 ALLIANZ NFJ SMALL CAP VALUE FD A #4030	2009-01-15	2010-01-27
	3000. ALLIED CAPITAL CORP. 6.625% DUE 07/15/2011	2009-11-04	2010-03-17
	7000. AMERICAN EXPRESS CO. 6.8% DUE 09/01/2066	2009-07-28	2010-03-02
	933. AMETEK INC (NEW) COM	2009-08-13	2010-01-27
	52. AMETEK INC (NEW) COM	2009-08-13	2010-04-14
	48. AMETEK INC (NEW) COM	2009-08-13	2010-04-14
	37. AMETEK INC (NEW) COM	2009-08-13	2010-04-15
	27. AMETEK INC (NEW) COM	2009-08-13	2010-04-15
	68. AMETEK INC (NEW) COM	2009-08-13	2010-04-16
	58. AMETEK INC (NEW) COM	2009-08-13	2010-04-19
	36. AMETEK INC (NEW) COM	2009-08-13	2010-04-20
	26. AMETEK INC (NEW) COM	2009-08-13	2010-04-20
	51. AMETEK INC (NEW) COM	2009-08-13	2010-04-20
	164. AMETEK INC (NEW) COM	2009-08-13	2010-04-21
	9. APPLE COMPUTER INC.	2010-01-27	2010-04-26
	285. ARES CAP CORP	2009-10-29	2010-03-02
	15000. AVON PRODUCTS 6.500% 3/01/19	2009-02-26	2010-02-19
	113. BB&T CAP TRST VI 9.60% PFD	2009-07-22	2010-03-02
	37. BB&T CAP TRST VI 9.60% PFD	2009-07-22	2010-03-03
	13. BB&T CAP TRST VI 9.60% PFD	2009-07-21	2010-03-04
	62. BB&T CAP TRST VI 9.60% PFD	2009-07-21	2010-03-05
	4000. BANK OF AMERICA CORP. PERPETUAL	2009-11-17	2010-03-02
	2915. IPATH DOW JONES UBS COMMODITY	2010-01-27	2010-06-04
	275. BARCLAYS BK PLC 8.125% PFD	2009-06-24	2010-03-02
	10000. BARRICK NA FIN 6.800% 9/15/18	2009-01-22	2010-02-12
	470. BECTON DICKINSON & CO.	2009-06-18	2010-01-27
	250. BHP LIMITED SPONSORED ADR	2009-07-15	2010-01-27
	4000. BROADRIDGE FINANCIAL SOLUTIONS INC. 6.125% DUE 06/01/2017	2009-01-15	2010-02-09
	7000. CIT GROUP, INC. 7% DUE 5/1/16	2010-02-08	2010-03-10
	125. CANADIAN NATURAL RESOURCES LTD	2010-10-29	2010-12-31
	7000. CAPITAL ONE CAPITAL V 10.25% PFD. DUE 08/15/2039	2009-08-17	2010-03-02
	15000. CATERPILLAR FINL 6.125% 2/17/14	2009-02-06	2010-02-26
	57. CISCO SYSTEMS	2010-01-27	2010-02-16
	61. CITRIX SYSTEMS INC	2010-01-27	2010-02-02
	40. CITRIX SYSTEMS INC	2010-01-27	2010-08-05
	63. CITRIX SYSTEMS INC	2010-01-27	2010-09-03
	26. CITRIX SYSTEMS INC	2010-01-27	2010-10-19
	54. COACH INC	2010-01-27	2010-06-03
	46. COACH INC	2010-01-27	2010-12-06
	47. COACH INC	2010-01-27	2010-12-07
	60. COGNIZANT TECH SOLUTIONS CRP COM	2010-01-27	2010-03-29
	37. COGNIZANT TECH SOLUTIONS CRP COM	2010-06-02	2010-08-05
	32. COGNIZANT TECH SOLUTIONS CRP COM	2010-06-02	2010-10-20
	41. COGNIZANT TECH SOLUTIONS CRP COM	2010-01-27	2010-10-29
	15000. COMCAST CORP 6.500% 1/15/15	2009-02-05	2010-02-19
	700. CONOCOPHILLIPS	2009-01-08	2010-01-27
	112. COSTCO WHOLESALE CORPORATION	2009-08-25	2010-01-27
	39. COSTCO WHOLESALE CORPORATION	2009-08-25	2010-02-16
	33. COSTCO WHOLESALE CORPORATION	2009-08-25	2010-12-06
	34. COSTCO WHOLESALE CORPORATION	2009-08-25	2010-12-07
	160. COUNTRYWIDE CAP V PFD 7%	2009-03-06	2010-03-04
	30. COUNTRYWIDE CAP V PFD 7%	2009-01-20	2010-03-04
	13. COVANCE INC	2009-10-22	2010-01-27
	59. DAVITA INC	2010-01-27	2010-09-03
	800. DEERE & CO.	2009-08-28	2010-01-27
	81. DB CONT CAPT TR 8.05% PFD	2009-08-11	2010-02-04
	179. DB CONT CAPT TR 8.05% PFD	2009-08-11	2010-02-08
	500. DEVON ENERGY CORP	2009-12-29	2010-01-27
	1610. E I DU PONT DE NEMOURS & CO.	2009-12-07	2010-01-27
	15000. E I DU POINT DE 5.750% 3/15/19	2009-02-18	2010-02-17
	15000. DUKE CAPITAL CORP 6.750% 7/15/18	2009-01-29	2010-02-24
	4000. E TRADE FINANCIAL CORP. 7.375% DUE 09/15/2013	2009-10-15	2010-03-16
	58. FMC TECHNOLOGIES INC	2010-05-10	2010-09-03
	2039.67 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-01-15
	1869.61 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-02-15
	2614.6 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-03-15
	1640.49 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-04-15
	1772.02 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-05-15
	1624.46 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-06-15
	1771.14 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-07-15
	1840.09 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-08-15
	2157.22 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-09-15
	2594.04 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-10-15
	2690.35 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-11-15
	2384.8 F H L M C GD G11649 4.500% 2/01/20	2005-02-15	2010-12-15
	1186.11 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-01-15
	466.94 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-02-15
	2123.82 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-03-15
	1138.56 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-04-15
	836.05 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-05-15
	1011.69 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-06-15
	1444.02 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-07-15
	415.86 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-08-16
	623.54 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-09-15
	415.4 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-10-15
	1180.09 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-11-15
	580.31 F H L M C GD E93051 5.500% 12/01/17	2003-01-16	2010-12-15
	278.53 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-01-15
	228.37 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-02-15
	225.35 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-03-15
	223.45 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-04-15
	329.25 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-05-15
	1778.41 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-06-15
	339.02 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-07-15
	271.47 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-08-15
	392.07 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-09-15
	446.95 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-10-15
	416.51 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-11-15
	534.78 F H L M C #1B0889 2.340% 5/01/33	2005-04-14	2010-12-15
	1279.81 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-01-25
	715.24 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-02-25
	580.57 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-03-25
	754.11 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-04-26
	1149.02 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-05-25
	1602.7 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-06-25
	425.62 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-07-26
	1800.76 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-08-25
	1142.28 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-09-25
	1329.56 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-10-25
	854.82 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-11-25
	2064.76 F N M A #831413 5.500% 4/01/36	2007-05-30	2010-12-25
	115.6 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-01-25
	90.19 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-02-25
	2797.57 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-03-25
	11481.19 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-04-25
	14096.03 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-05-25
	59.46 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-06-25
	1546.74 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-07-26
	2262.96 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-08-25
	56.23 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-09-25
	1214.26 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-10-25
	2622.24 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-11-25
	1090.15 F N M A #909932 6.000% 3/01/37	2007-05-30	2010-12-25
	1003.62 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-01-25
	1514.96 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-02-25
	403.82 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-03-25
	505.79 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-04-25
	1033.45 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-05-25
	1328.45 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-06-25
	839.26 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-07-25
	1551.21 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-08-25
	1050.91 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-09-25
	700.21 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-10-25
	964.86 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-11-25
	1357.45 F N M A #944581 5.000% 7/01/22	2008-05-27	2010-12-25
	10000. FEDEX CORP 8.000% 1/15/19	2009-01-16	2010-02-09
	306. FIFTH STREET FINANCIAL CORP	2009-10-29	2010-03-02
	45. FIFTH THIRD CAPITAL TRUST V 7.25% PF	2009-08-11	2010-03-02
	65. FIFTH THIRD CAPITAL TRUST V 7.25% PF	2008-08-12	2010-03-02
	90. FIFTH THIRD CAPITAL TRUST V 7.25% PF	2009-05-18	2010-03-03
	110. FIFTH THIRD CAPITAL TRUST V 7.25% PF	2008-07-31	2010-03-03
	6000. FIRST AMERICAN CAPITAL TRUST I 8.5% DUE 04/15/2012	2009-02-03	2010-03-17
	71374.565 BROWN ADVISORY CORE INTERNATIONAL FUND INSTITUTIONAL SHARES	2009-07-16	2010-01-27
	10388.437 BROWN ADVISORY INTERMEDIATE BOND FUND INSTITUTIONAL CLASS	2009-06-17	2010-01-27
	11387.83 BROWN ADVISORY SMALL-CAP GROWTH INSTITUTIONAL CLASS	2009-10-06	2010-01-27
	1671.871 BROWN ADVISORY SMALL-CAP GROWTH INSTITUTIONAL CLASS	2007-12-12	2010-01-27
	15000. GTE CORP 6.840% 4/15/18	2009-02-11	2010-03-15
	15000. GENERAL ELECTRIC CO 5.000% 2/01/13	2009-03-05	2010-03-01
	8. INTUITIVE SURGICAL INC	2010-01-27	2010-02-04
	7. INTUITIVE SURGICAL INC	2010-01-27	2010-04-15
	1500. I SHARES MSCI BRAZIL INDEX E T F	2009-09-10	2010-01-27
	2000. I SHARES MSCI CANANDA E T F	2009-10-12	2010-01-27
	9000. I SHARES M S C I TAIWAN INDEX FD	2009-09-03	2010-01-27
	2000. ISHARES FTSE CHINA 25 INDEX FUND	2009-10-12	2010-01-27
	1272. JACOBS ENGR GROUP INC	2009-11-25	2010-01-27
	95. JACOBS ENGR GROUP INC	2009-11-25	2010-11-18
	38. JACOBS ENGR GROUP INC	2009-11-25	2010-11-18
	11. JACOBS ENGR GROUP INC	2009-11-25	2010-11-18
	49. JACOBS ENGR GROUP INC	2009-11-25	2010-11-19
	61. JACOBS ENGR GROUP INC	2009-11-25	2010-11-19
	1. JACOBS ENGR GROUP INC	2009-11-25	2010-11-19
	214. JACOBS ENGR GROUP INC	2009-11-25	2010-11-22
	63. JACOBS ENGR GROUP INC	2009-11-25	2010-11-22
	196. JACOBS ENGR GROUP INC	2009-11-25	2010-11-23
	800. JOHNSON & JOHNSON	2009-05-26	2010-01-27
	30. KEYCORP CAPITAL X 8% PFD CALL 03/13	2009-05-12	2010-03-02
	3404.001 MATTHEWS INDIA FUND	2009-12-09	2010-01-27
	141. MICROS SYSTEMS INC	2010-01-27	2010-02-03
	58. MICROS SYSTEMS INC	2010-01-27	2010-02-03
	140. MICROS SYSTEMS INC	2010-01-27	2010-02-04
	42. MICROS SYSTEMS INC	2010-01-27	2010-02-04
	25. MICROS SYSTEMS INC	2010-01-27	2010-02-05
	12. MILLIPORE CORP.	2010-01-27	2010-02-16
	12. MILLIPORE CORP.	2010-01-27	2010-02-16
	12. MILLIPORE CORP.	2010-01-27	2010-02-16
	193. MILLIPORE CORP.	2010-01-27	2010-02-22
	85. MILLIPORE CORP.	2010-01-27	2010-02-22
	102. MILLIPORE CORP.	2010-01-27	2010-03-01
	285. NAT CITY CAP TRUST IV 8.0% PFD	2008-07-31	2010-03-02
	189. NETAPP INC	2010-01-27	2010-05-27
	40. NETAPP INC	2010-01-27	2010-10-20
	65. NETAPP INC	2010-01-27	2010-11-12
	475. NORFOLK SOUTHERN CORP.	2009-06-03	2010-01-22
	15000. NORFOLK SOUTHERN COR 5.900% 6/15/19	2009-06-01	2010-02-17
	335. NUVEEN GLOBAL GOVERNMENT ENHANCED INCOME FUND	2009-08-17	2010-03-02
	3. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-25	2010-03-01
	2. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-25	2010-03-02
	14. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-25	2010-03-03
	8. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-25	2010-03-04
	8. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-25	2010-03-08
	44. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-25	2010-03-19
	78. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-24	2010-03-22
	35. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-23	2010-03-23
	13. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-23	2010-03-24
	57. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-06-23	2010-03-25
	2. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-05-20	2010-03-26
	65. PLC CAPITAL TRUST V 6.125% CALL 06/15/2009 @25	2009-05-21	2010-03-30
	15000. PACCAR INC MTN 6.875% 2/15/14	2009-02-17	2010-03-01
	500. PEPSICO INC.	2009-05-26	2010-01-27
	1300. PEPSICO INC.	1998-11-01	2010-01-27
	7. PETSMART INC	2010-01-27	2010-03-08
	27. PETSMART INC	2010-01-27	2010-03-08
	83. PETSMART INC	2010-01-27	2010-03-08
	56. PETSMART INC	2010-01-27	2010-03-08
	165. PETSMART INC	2010-01-27	2010-05-24
	158. PETSMART INC	2009-07-15	2010-05-24
	402. PETSMART INC	2009-07-15	2010-05-25
	30. PETSMART INC	2009-07-15	2010-05-25
	281. PETSMART INC	2009-07-15	2010-05-26
	2000. POTASH CORP 5.250% 5/15/14	2009-04-28	2010-02-26
	106. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-02
	24. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-04
	25. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-05
	24. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-08
	5. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-10
	33. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-11
	118. PRINCIPAL FINANCIAL GROUP 6.518% PFD CALL 06/30/15 @25	2009-09-15	2010-03-12
	370. PROCTER & GAMBLE CO.	2009-04-23	2010-01-07
	630. PROCTER & GAMBLE CO.	2009-04-23	2010-01-27
	873.362 BROWN ADVISORY VALUE EQUITY FUND	2010-01-27	2010-11-22
	9161.199 BROWN ADVISORY INTERMED INCOME FUND	2010-12-09	2010-12-22
	8759.948 BROWN ADVISORY INTERMED INCOME FUND	2009-06-17	2010-12-22
	4992.32 BROWN ADV SMALL CAP GROWTH FUND	2009-10-06	2010-11-10
	381.388 BROWN ADV SMALL CAP GROWTH FUND	2003-06-13	2010-11-22
	342.936 BROWN ADV SMALL CAP FND VAL I	2010-01-27	2010-11-22
	128. QUALCOMM CORP.	2009-11-05	2010-01-27
	206. ROPER INDUSTRIES INC NEW	2009-08-28	2010-01-27
	37. SALESFORCE COM INC	2010-01-27	2010-04-26
	46. SALESFORCE COM INC	2010-01-27	2010-05-10
	21. SALESFORCE COM INC	2009-07-17	2010-08-23
	15. SALESFORCE COM INC	2009-07-17	2010-10-19
	64. SALESFORCE COM INC	2009-07-17	2010-11-30
	34. SCHLUMBERGER LTD.	2010-01-27	2010-05-10
	43. SCHLUMBERGER LTD.	2010-01-27	2010-10-29
	55. SCHLUMBERGER LTD.	2010-01-27	2010-12-31
	11000. CHARLES SCHWAB MTN 6.375% 9/01/17	2009-06-05	2010-02-23
	4000. CHARLES SCHWAB MTN 6.375% 9/01/17	2009-01-28	2010-02-23
	2500. UTILITIES SELECT SECTOR S P D R	2009-12-14	2010-01-27
	56. SELECTIVE INSURANCE GROUP INC. 7.5% CALL 09/26/11 @25	2009-08-21	2010-03-02
	215. SELECTIVE INSURANCE GROUP INC. 7.5% CALL 09/26/11 @25	2009-07-20	2010-03-05
	155. SOVEREIGN CAP TR V 7.75% PFD	2008-12-31	2010-03-01
	10000. STAPLES INC 7.375% 10/01/12	2008-12-30	2010-03-15
	10000. STARBUCKS CORP 6.250% 8/15/17	2009-01-29	2010-03-15
	97. STERICYCLE INC	2010-03-02	2010-09-03
	105. SUNTRUST CAPITAL IX 7.875% PFD CALL 03/13	2009-08-12	2010-03-02
	50. SUNTRUST CAPITAL IX 7.875% PFD CALL 03/13	2009-02-24	2010-03-02
	105. SUSQUEHANNA CAPITAL 9.3750% PFD CALL 12/12/12 @25	2009-07-02	2010-03-02
	50. SUSQUEHANNA CAPITAL 9.3750% PFD CALL 12/12/12 @25	2009-06-30	2010-03-03
	2000. SYMANTEC CORP	2009-09-30	2010-01-27
	1400. SYSCO CORP	2009-08-12	2010-01-27
	1035. TIDEWATER INC	2009-12-15	2010-01-27
	470. TRIMBLE NAV LTD	2009-11-09	2010-01-27
	85. TRIMBLE NAV LTD	2009-11-09	2010-02-16
	61. TRIMBLE NAV LTD	2009-11-09	2010-05-10
	48. TRIMBLE NAV LTD	2009-11-09	2010-05-10
	31. TRIMBLE NAV LTD	2009-11-09	2010-07-13
	34. TRIMBLE NAV LTD	2009-11-09	2010-07-14
	29. TRIMBLE NAV LTD	2009-11-09	2010-07-15
	34. TRIMBLE NAV LTD	2009-11-09	2010-07-16
	34. TRIMBLE NAV LTD	2009-11-09	2010-07-19
	32. TRIMBLE NAV LTD	2009-11-09	2010-07-20
	64. TRIMBLE NAV LTD	2009-11-09	2010-07-21
	50. TRIMBLE NAV LTD	2009-11-09	2010-07-22
	77. TRIMBLE NAV LTD	2009-11-09	2010-07-29
	53967.7 U S TREASURY I P S 2.500% 7/15/16	2007-03-09	2010-09-03
	69. URBAN OUTFITTERS INC	2010-05-26	2010-12-06
	68. URBAN OUTFITTERS INC	2010-05-26	2010-12-07
	10000. WEATHERFORD INTL 5.150% 3/15/13	2008-12-24	2010-03-09
	80. ACCENTURE PLC CL A	2010-01-27	2010-03-29
	209. ACCENTURE PLC CL A	2010-01-27	2010-06-02
	5. PRIMUS GUARANTY, LTD 7% PFD 12/27/2036 SERIES	2009-05-18	2010-03-02
	45. PRIMUS GUARANTY, LTD 7% PFD 12/27/2036 SERIES	2009-05-20	2010-03-03
	8. PRIMUS GUARANTY, LTD 7% PFD 12/27/2036 SERIES	2008-11-06	2010-03-03
	71. PRIMUS GUARANTY, LTD 7% PFD 12/27/2036 SERIES	2008-11-06	2010-03-05
	54. PRIMUS GUARANTY, LTD 7% PFD 12/27/2036 SERIES	2009-01-02	2010-03-08

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	10,573	10,924	-351
b	66	56	10
c	375	318	57
d	221	187	34
e	684	580	104
	1,279	962	317
	618	436	182
	132	93	39
	175	125	50
	611	436	175
	349	247	102
	327	228	99
	7,706	5,880	1,826
	7,914	6,052	1,862
	4,101	3,126	975
	866	660	206
	4,949	3,786	1,163
	4,889	3,729	1,160
	7,097	5,421	1,676
	3,091	2,592	499
	11,216	9,788	1,428
	121,547	95,000	26,547
	2,970	2,814	156
	6,615	5,182	1,433
	33,562	30,980	2,582
	2,208	1,631	577
	2,037	1,506	531
	1,566	1,161	405
	1,144	847	297
	2,848	2,133	715
	2,406	1,820	586
	1,502	1,129	373
	1,087	816	271
	2,133	1,600	533
	6,893	5,145	1,748
	2,421	1,873	548
	3,822	2,891	931
	16,843	14,830	2,013
	3,229	2,858	371
	1,058	930	128
	371	325	46
	1,771	1,550	221
	3,850	3,536	314
	107,281	119,761	-12,480
	6,961	5,500	1,461
	11,315	9,620	1,695
	35,472	31,939	3,533
	17,900	13,883	4,017
	4,012	3,108	904
	6,318	6,052	266
	5,558	4,525	1,033
	7,938	7,100	838
	16,943	15,025	1,918
	1,362	1,313	49
	2,560	2,543	17
	2,298	1,668	630
	3,913	2,626	1,287
	1,481	1,084	397
	2,259	1,889	370
	2,567	1,609	958
	2,647	1,644	1,003
	3,067	2,732	335
	2,248	1,839	409
	2,117	1,515	602
	2,700	1,867	833
	16,907	15,164	1,743
	34,307	38,922	-4,615
	6,425	5,557	868
	2,325	1,935	390
	2,277	1,637	640
	2,365	1,687	678
	3,502	1,109	2,393
	657	399	258
	760	743	17
	3,784	3,572	212
	40,805	36,524	4,281
	2,050	1,816	234
	4,450	3,818	632
	34,215	37,168	-2,953
	51,874	54,792	-2,918
	16,086	14,697	1,389
	16,336	13,810	2,526
	3,846	3,642	204
	3,863	3,723	140
	2,040	2,037	3
	1,870	1,867	3
	2,615	2,611	4
	1,640	1,638	2
	1,772	1,770	2
	1,624	1,622	2
	1,771	1,769	2
	1,840	1,838	2
	2,157	2,155	2
	2,594	2,591	3
	2,690	2,687	3
	2,385	2,382	3
	1,186	1,226	-40
	467	483	-16
	2,124	2,196	-72
	1,139	1,177	-38
	836	864	-28
	1,012	1,046	-34
	1,444	1,493	-49
	416	430	-14
	624	644	-20
	415	429	-14
	1,180	1,216	-36
	580	597	-17
	279	279
	228	228
	225	225
	223	224	-1
	329	329
	1,778	1,779	-1
	339	339
	271	271
	392	392
	447	447
	417	417
	535	535
	1,280	1,251	29
	715	699	16
	581	568	13
	754	737	17
	1,149	1,124	25
	1,603	1,567	36
	426	416	10
	1,801	1,761	40
	1,142	1,118	24
	1,330	1,302	28
	855	838	17
	2,065	2,026	39
	116	116
	90	90
	2,798	2,806	-8
	11,481	11,517	-36
	14,096	14,140	-44
	59	60	-1
	1,547	1,552	-5
	2,263	2,270	-7
	56	56
	1,214	1,218	-4
	2,622	2,630	-8
	1,090	1,093	-3
	1,004	1,008	-4
	1,515	1,521	-6
	404	405	-1
	506	508	-2
	1,033	1,037	-4
	1,328	1,334	-6
	839	843	-4
	1,551	1,557	-6
	1,051	1,055	-4
	700	703	-3
	965	968	-3
	1,357	1,362	-5
	12,296	10,434	1,862
	3,385	3,195	190
	1,015	898	117
	1,466	1,131	335
	2,026	1,416	610
	2,476	1,863	613
	5,964	4,835	1,129
	429,675	375,000	54,675
	115,000	111,883	3,117
	122,078	116,953	5,125
	17,922	21,490	-3,568
	16,612	15,351	1,261
	16,131	14,103	2,028
	2,597	2,701	-104
	2,725	2,363	362
	98,609	85,688	12,921
	49,459	52,900	-3,441
	107,460	103,459	4,001
	75,779	85,058	-9,279
	49,402	56,005	-6,603
	3,882	3,501	381
	1,570	1,400	170
	456	405	51
	1,973	1,806	167
	2,456	2,248	208
	41	37	4
	8,430	7,887	543
	2,464	2,322	142
	7,598	7,224	374
	50,647	44,435	6,212
	748	528	220
	52,315	50,413	1,902
	4,104	4,182	-78
	1,695	1,720	-25
	3,865	4,152	-287
	1,175	1,246	-71
	668	742	-74
	829	838	-9
	829	838	-9
	826	838	-12
	17,912	13,476	4,436
	7,281	5,935	1,346
	10,676	7,122	3,554
	7,342	4,332	3,010
	7,172	5,802	1,370
	2,086	1,228	858
	3,526	1,996	1,530
	23,884	18,798	5,086
	16,324	15,159	1,165
	5,614	5,567	47
	64	51	13
	43	34	9
	298	239	59
	170	136	34
	170	136	34
	916	747	169
	1,617	1,318	299
	726	579	147
	270	215	55
	1,182	871	311
	42	26	16
	1,318	843	475
	17,272	15,367	1,905
	29,967	25,690	4,277
	77,915	23,465	54,450
	208	184	24
	799	711	88
	2,483	2,186	297
	1,658	1,475	183
	5,266	3,826	1,440
	5,073	3,525	1,548
	12,435	8,968	3,467
	925	669	256
	8,745	6,269	2,476
	2,168	1,996	172
	2,399	1,916	483
	541	434	107
	564	452	112
	541	434	107
	113	90	23
	744	596	148
	2,662	2,133	529
	22,340	18,235	4,105
	38,193	31,048	7,145
	10,000	9,275	725
	102,239	101,518	721
	97,761	94,345	3,416
	65,000	46,977	18,023
	5,000	2,994	2,006
	5,000	4,198	802
	5,963	5,550	413
	10,323	10,035	288
	3,279	2,404	875
	3,896	2,472	1,424
	2,355	847	1,508
	1,567	605	962
	9,048	2,582	6,466
	2,246	2,210	36
	2,982	2,795	187
	4,588	3,575	1,013
	11,946	11,121	825
	4,344	3,775	569
	74,199	80,011	-5,812
	1,273	1,130	143
	4,891	4,194	697
	3,808	3,025	783
	11,100	9,868	1,232
	10,859	9,536	1,323
	6,473	5,419	1,054
	2,603	2,146	457
	1,240	713	527
	2,589	2,297	292
	1,235	1,031	204
	36,780	32,897	3,883
	38,416	33,609	4,807
	48,691	48,523	168
	10,936	10,700	236
	2,105	1,935	170
	1,821	1,389	432
	1,419	1,093	326
	915	706	209
	1,010	774	236
	854	660	194
	970	774	196
	961	774	187
	893	728	165
	1,821	1,457	364
	1,444	1,138	306
	2,187	1,753	434
	60,165	54,537	5,628
	2,609	2,548	61
	2,556	2,511	45
	10,662	9,186	1,476
	3,392	3,343	49
	7,635	8,734	-1,099
	85	58	27
	763	519	244
	136	68	68
	1,205	603	602
	917	428	489

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			-351
b			10
c			57
d			34
e			104
			317
			182
			39
			50
			175
			102
			99
			1,826
			1,862
			975
			206
			1,163
			1,160
			1,676
			499
			1,428
			26,547
			156
			1,433
			2,582
			577
			531
			405
			297
			715
			586
			373
			271
			533
			1,748
			548
			931
			2,013
			371
			128
			46
			221
			314
			-12,480
			1,461
			1,695
			3,533
			4,017
			904
			266
			1,033
			838
			1,918
			49
			17
			630
			1,287
			397
			370
			958
			1,003
			335
			409
			602
			833
			1,743
			-4,615
			868
			390
			640
			678
			2,393
			258
			17
			212
			4,281
			234
			632
			-2,953
			-2,918
			1,389
			2,526
			204
			140
			3
			3
			4
			2
			2
			2
			2
			2
			2
			3
			3
			3
			-40
			-16
			-72
			-38
			-28
			-34
			-49
			-14
			-20
			-14
			-36
			-17



			-1

			-1






			29
			16
			13
			17
			25
			36
			10
			40
			24
			28
			17
			39


			-8
			-36
			-44
			-1
			-5
			-7

			-4
			-8
			-3
			-4
			-6
			-1
			-2
			-4
			-6
			-4
			-6
			-4
			-3
			-3
			-5
			1,862
			190
			117
			335
			610
			613
			1,129
			54,675
			3,117
			5,125
			-3,568
			1,261
			2,028
			-104
			362
			12,921
			-3,441
			4,001
			-9,279
			-6,603
			381
			170
			51
			167
			208
			4
			543
			142
			374
			6,212
			220
			1,902
			-78
			-25
			-287
			-71
			-74
			-9
			-9
			-12
			4,436
			1,346
			3,554
			3,010
			1,370
			858
			1,530
			5,086
			1,165
			47
			13
			9
			59
			34
			34
			169
			299
			147
			55
			311
			16
			475
			1,905
			4,277
			54,450
			24
			88
			297
			183
			1,440
			1,548
			3,467
			256
			2,476
			172
			483
			107
			112
			107
			23
			148
			529
			4,105
			7,145
			725
			721
			3,416
			18,023
			2,006
			802
			413
			288
			875
			1,424
			1,508
			962
			6,466
			36
			187
			1,013
			825
			569
			-5,812
			143
			697
			783
			1,232
			1,323
			1,054
			457
			527
			292
			204
			3,883
			4,807
			168
			236
			170
			432
			326
			209
			236
			194
			196
			187
			165
			364
			306
			434
			5,628
			61
			45
			1,476
			49
			-1,099
			27
			244
			68
			602
			489

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	325,513
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 . . . . . . . . . . . . .		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? Yes No

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	228,938	4,884,824	0.046867
2008	227,932	5,518,229	0.041305
2007	11,821	357,831	0.033035
2006	0	32,409	0.0
2005

2	Total of line 1, column (d) ......................	2	0.121208
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	0.030302
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	5,616,912
5	Multiply line 4 by line 3.......................	5	170,203
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,858
7	Add lines 5 and 6.........................	7	174,061
8	Enter qualifying distributions from Part XII, line 4..............	8	266,250
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,858
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	3,858
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,858
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	780
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	4,760
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,540
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	2
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,680
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax1,680	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5458

Located at bullet

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 bullet

21231

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
CONSTANCE F FERRIS	PRESIDENT/DIRECTOR 0	0
22738 COLONEL LEONARD ROAD ROCK HALL,MD21661	PRESIDENT/DIRECTOR 0	0
CONSTANCE F MEYER	TREAS-SEC/DIRECTOR 0	0
16 JAMES THOMAS ROAD MALVERN,PA19355	TREAS-SEC/DIRECTOR 0	0
PAUL R ALFORD	DIRECTOR 0	0
2780 SOUTH HORSESHOE DRIVE SUITE 1 NAPLES,FL34104	DIRECTOR 0	0
JOHN C POULTON	DIRECTOR 0	0
901 SOUTH BOND STREET SUITE 400 BALTIMORE,MD21231	DIRECTOR 0	0

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...................				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............. bullet

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)

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........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,480,615

Average of monthly cash balances.......................

221,834

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

5,702,449

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

5,702,449

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

85,537

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

5,616,912

Minimum investment return. Enter 5% of line 5...................

280,846

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

280,846

Tax on investment income for 2010 from Part VI, line 5......

3,858

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,858

Distributable amount before adjustments. Subtract line 2c from line 1............

276,988

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

276,988

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

276,988

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

266,250

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

266,250

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)............

3,858

Adjusted qualifying distributions. Subtract line 5 from line 4...............

262,392

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)

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					276,988
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				47,322
b Total for prior years:2008, 20, 20			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	0
b From 2006.......	0
c From 2007.......	0
d From 2008.......	0
e From 2009.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2010 from Part
XII, line 4: $ 266,250
a Applied to 2009, but not more than line 2a				47,322
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.....					218,928
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 ..........					58,060
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....	0
b Excess from 2007....	0
c Excess from 2008....	0
d Excess from 2009....	0
e Excess from 2010....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

CONSTANCE CARL FERRIS CHARITABLE
901 SOUTH BOND STREET SUITE 400
BALTIMORE,MD21231
(410) 537-5458

bThe form in which applications should be submitted and information and materials they should include:

MUST SUBMIT A WRITTEN APPLICATION TO THE CHARITABLE OPERATING FOUNDATION FOR CONSIDERATION

cAny submission deadlines:

THERE ARE NO SUBMISSION DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THERE ARE NO RESTRICTIONS OR LIMITATIONS ON AWARDS

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF DELAWARE SCHOLARSHIP 83 EAST MAIN STREET 3RD FLOOR NEWARK,DE19716	NONE	SCHOLARSHIP FUND GRA	SCHOLARSHIP AWARD FOR KYLE HACKETT	5,000
ST PAUL' S PARISH KENT 7579 SANDY BOTTOM ROAD CHESTERTOWN,MD21620	NONE	PUBLIC CHARITY	FOR GENERAL FUND	12,000
THE COMMUNITY FOOD PANTRY PO BOX 262 CHESTERTOWN,MD21620	NONE	PUBLIC CHARITY	FOR GENERAL FUND	15,000
CHESTER RIVER HEALTH FOUNDATION 100 BROWN STREET CHESTERTOWN,MD21620	NONE	PUBLIC	FOR GENERAL FUND	25,000
KENT CENTER INC 215 SCHEELER ROAD CHESTERTOWN,MD21620	NONE	PUBLIC CHARITY	FOR GENERAL FUND	25,000
VIRGINIA POLYTECHNIC INSTITUTE SCHOLARSHIP 210 BURRUSS HALL BLACKSBURG,VA24060	NONE	SCHOLARSHIP FUND GRA	SCHOLARSHIP AWARD FOR MATTHEW SKINNER	5,000
CORNELL UNIVERSITY PO BOX 752 ITHACA,NY14851	NONE	SCHOLARSHIP GRANT	SCHOLARSHIP AWARD FOR JESSICA M KELLEY	5,000
OGH FOUNDATION 515 MAIN STREET OLEAN,NY14760	NONE	PUBLIC CHARITY	OBSTETRICS & BABY NURSERY PROJECT	35,000
WASHINGTON COLLEGE 300 WASHINGTON AVE CHESTERTOWN,MD21620	NONE	PUBLIC CHARITY	FOR FERRIS BUSINESS PROGRAM	25,000
NATIONAL KIDNEY FOUNDATION OF MARYLAND 1107 KENILWORTH DRIVE TOWSON,MD21204	NONE	PUBLIC CHARITY	FOR GENERAL FUND	5,000
THE UNITED WAY OF KENT COUNTY PO BOX 594 CHESTERTOWN,MD216200594	NONE	PUBLIC CHARITY	FOR GENERAL FUND	15,000
ST JUDE CHILDREN'S RESEARCH HOSPITAL 262 DANNY THOMAS PLACE MEMPHIS,TN38105	NONE	PUBLIC CHARITY	FOR GENERAL FUND	10,000
MD SCHOOL FOR THE BLIND 3501 TAYLOR AVENUE BALTIMORE,MD21236	NONE	PUBLIC CHARITY	FOR GENERAL FUND	5,000
MARYLAND 4H FOUNDATION 8020 GREENMEAD DRIVE COLLEGE PARK,MD20740	NONE	PUBLIC CHARITY	FOR GENERAL FUND	2,500
CHESAPEAKE BAY FOUNDATION 6 HERNDON AVENUE ANNAPOLIS,MD21403	NONE	PUBLIC CHARITY	FOR GENERAL FUND	1,000
MPT 11767 OWINGS MILLS BLVD OWINGS MILLS,MD21117	NONE	PUBLIC CHARITY	FOR GENERAL FUND	250
USOC PO BOX 7010 ALBERT LEA,MN56007	NONE	PUBLIC CHARITY	FOR GENERAL FUND	500
AMERICAN HEART ASSOCIATION 415 N CHARLES STREET BALTIMORE,MD21201	NONE	PUBLIC CHARITY	FOR GENERAL FUND	1,000
WINTERTHUR MUSEUM 5105 KENNET PIKE WINTHERTHUR,DE19735	NONE	PUBLIC CHARITY	FOR GENERAL FUND	1,000
MOUNT VERNON LADIES ASSOCIATION PO BOX 110 MOUNT VERNON,VA22121	NONE	PUBLIC CHARITY	FOR GENERAL FUND	1,000
AMERICAN RED CROSS 4800 MOUNT HOPE DRIVE BALTIMORE,MD21215	NONE	PUBLIC CHARITY	FOR GENERAL FUND	500
ROCK HALL VOLUNTEER FIRE CO PO BOX 577 ROCK HALL,MD21611	NONE	PUBLIC CHARITY	FOR GENERAL FUND	5,000
SALVATION ARMY 3800 BUENA VISTA ST BALTIMORE,MD21211	NONE	PUBLIC CHARITY	FOR GENERAL FUND	500
PARALYZED VETERANS OF AMERICA 801 18TH ST NW WASHINGTON,DC20006	NONE	PUBLIC CHARITY	FOR GENERAL FUND	500
REBUILDING TOGETHER KENT PO BOX 180 CHESTERTOWN,MD216200180	NONE	PUBLIC CHARITY	FOR GENERAL FUND	5,000
MARCH OF DIMES 1275 MAMARONECK AVE WHITE PLAINS,NY10605	NONE	PUBLIC CHARITY	FOR GENERAL FUND	500
UNIVERSITY OF MARYLAND COLLEGE PARK 8400 BALTIMORE BOULEVARD STE 200 COLLEGE PARK,MD20740	NONE	SCHOLARSHIP FUND	SCHOLARSHIP AWARD FOR SARAH C EVANS	5,000
WESLEY CHAPEL 6190 ROCK HALL ROAD ROCK HALL,MD21661	NONE	PUBLIC CHARITY	CRISIS FUND	5,000
YMCA OF DELAWARE 501 WEST ELEENTH STREET WILMINGTON,DE19801	NONE	PUBLICE CHARITY	GENERAL	5,000
HABITAT FOR HUMANITY 270 PEACHTREE STREET NW STE 1300 ATLANTA,GA30303	NONE	PUBLIC CHARITY	FOR GENERAL FUND	5,000
UNIVERSITY OF DELAWARE SCHOLARSHIP 83 EAST MAIN STREET 3RD FLOOR NEWARK,DE19716	NONE	SCHOLARSHIP FUND GRA	SCHOLARSHIP AWARD FOR PATRICIA REED	5,000
STEVENSON UNIVERSITY 1525 GREENSPRING VALLEY ROAD STEVENSON,MD211530641	NONE	SCHOLARSHIP GRANT	SCHOLARSHIP AWARD FOR SHAKEARA JONES	5,000
CORNELL UNIVERSITY PO BOX 752 ITHACA,NY14851	NONE	SCHOLARSHIP GRANT	CLASS OF 1947 SCHOLARSHIP	25,000
UNIVERSITY OF MARYLAND COLLEGE PARK 8400 BALTIMORE BOULEVARD STE 200 COLLEGE PARK,MD20740	NONE	SCHOLARSHIP FUND	SCHOLARSHIP AWARD FOR MICHAEL BRANHAM	5,000
Total ................................. 3a				266,250

bApproved for future payment

Total .................................. 3b

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
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	79,835
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	325,513
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)..				405,348

13Total. Add line 12, columns (b), (d), and (e)...................

13405,348

(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.	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.)
4	THE CONSTANCE AND CARL FERRIS CHARITABLE OPERATING
4	FOUNDATION, INC. ( THE FOUNDATION) WAS FORMED IN THE FALL
4	OF 2006. ON DECEMBER 29, 2006 CARL AND CONSTANCE FERRIS
4	MADE THEIR FIRST CONTRIBUTION TO THE FOUNDATION. BECAUSE
4	THE FOUNDATION ONLY RECEIVED THIS CONTRIBUTION LATE IN THE
4	YEAR, IT DID NOT HAVE ANY ASSETS TO MAKE ANY GRANT
4	PAYMENTS. HOWEVER, IN 2007 THE FOUNDATION AWARDED ITS FIRST
4	TWO GRANTS EACH TO TWO HIGH SCHOOL GRADUATES OF KENT
4	COUNTY HIGH SCHOOL, IN ACCORDANCE WITH THE GRANT
4	PROCEDURES ATTACHED. AS A RESULT OF THE GRANTS MADE IN
4	2007, THE FOUNDATION SATISFIED THE APPLICABLE TESTS TO
4	QUALIFY AS A PRIVATE OPERATING FOUNDATION IN 2007.
4	IN 2008, THE FOUNDATION MADE A TOTAL OF FOUR GRANTS TO HIGH
4	SCHOOL GRADUATES OF KENT COUNTY HIGH SCHOOL, IN ACCORDANCE
4	WITH THE GRANT PROCEDURES ATTACHED. THE VALUE OF THE
4	FOUNDATION'S ASSETS, HOWEVER WAS CONSIDERABLY HIGHER IN
4	2008 SO THAT THE AMOUNT OF QUALIFIED GRANTS WAS NOT
4	SUFFICIENT TO RETAIN THE PRIVATE OPERATING FOUNDATION
4	STATUS IN 2008 FOR THE FOUNDATION.

Form 990-PF (2010)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIXED INCOME MUTUAL FDS-MAIN	281,746	289,442
CORPORATE BONDS - CBS
CORPORATE BONDS-MAIN	90,095	97,906
MORTGAGE BACKED -MAIN
CORPORATE BONDS-FCP

Name of Stock	End of Year Book Value	End of Year Fair Market Value
EQUITY MUTUAL FUNDS	2,485,110	3,039,432
COMMON STOCKS - CW
PREFERRED STOCKS - FCP
COMMON STOCKS - MAIN	213,057	135,720
PRIVATE EQUITY	154,852	149,430
CDK GLOBAL SELECT	500,000	486,670
COMMON STOCKS - FCP
COMON STOCKS - LCG	871,444	1,110,535
MEDICITY - ON APX	200,000	307,915

Description	Amount
ACCRUED INT PAID IN 2009	116
ADJ BOOK VALUE OF PRIVATE EQUITY	9,363
ADJUST BASIS ON US TIPS	3,073

Category	Amount	Net Investment Income
FOREIGN TAXES	100	100
FEDERAL EXCISE TAX	1,719	0
FOREIGN TAXES ON QUALIFIED FOR	1,898	1,898
FOREIGN TAXES ON NONQUALIFIED	461	461