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
Risen Son Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)1801 Crane Ridge Drive   Room/suite
City or town, state, and ZIP code
Jackson, MS39216
A Employer identification number

20-4446969
B Telephone number (see page 10 of the instructions)

(601) 982-5273
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,588,550J 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) 1,190,000
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 48,290 48,290  
5a Gross rents.............. 14,144 14,144  
b Net rental income or (loss) -95
6a Net gain or (loss) from sale of assets not on line 10 46,311
b Gross sales price for all assets on line 6a 2,001,133
7 Capital gain net income (from Part IV, line 2)... 46,311
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........ 1,298,745 108,745  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 8,939 0   8,939
15 Pension plans, employee benefits....... 1,070 0   1,070
16a Legal fees (attach schedule)......... Click to see attachment 1,168 584   584
b Accounting fees (attach schedule)....... Click to see attachment 4,000 2,000   2,000
c Other professional fees (attach schedule).... Click to see attachment 33,683 32,390   1,293
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,634 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 11,641 6,601  
20 Occupancy.............. 7,393 6,920   473
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 24,515 4,608   19,907
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,043 53,103   34,266
25 Contributions, gifts, grants paid........ 308,208 308,208
26 Total expenses and disbursements. Add lines 24 and 25 402,251 53,103   342,474
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 896,494
b Net investment income (if negative, enter -0-) 55,642
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............... -5 -2 -2
2 Savings and temporary cash investments.......... 101,551 209,182 209,182
3 Accounts receivable bullet131
Less: allowance for doubtful accounts bullet     131 131
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,161,158 Click to see attachment1,515,522 1,515,522
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet297,671
Less: accumulated depreciation (attach schedule) bullet7,001   Click to see attachment290,670 290,670
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 858,459 Click to see attachment1,421,903 1,421,903
14 Land, buildings, and equipment: basis bullet155,784
Less: accumulated depreciation (attach schedule) bullet4,640 353,802 Click to see attachment151,144 151,144
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,474,965 3,588,550 3,588,550
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.................... 2,474,965 3,588,550
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,474,965 3,588,550
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,474,965 3,588,550
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 2,474,965
2 Enter amount from Part I, line 27a...................... 2 896,494
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 217,091
4 Add lines 1, 2, and 3.......................... 4 3,588,550
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,588,550
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 Schwab 5105 Funding Acct STCG P    
b Schwab 9912 Capital Mgmt Assoc STCL P    
c Schwab 7401 Lazard Asset Mgmt STCL P    
d Schwab 3912 Windward Invest Mgmt STCL P    
e Schwab 9430 Thornburg Invest Mgmt STCG P    
Schwab 9912 Capital Mgmt Assoc LTCG P    
Schwab 7401 Lazard Asset Mgmt LTCL P    
Schwab 3912 Windward Invest Mgmt LTCG P    
Schwab 9430 Thornburg Invest Mgmt LTCG P    
PowerShares DB Agricultural FD-Sec 1256 STCG P 2010-02-02 2010-05-12
PowerShares DB Agricultural FD STCG P    
Capital Gains Dividends P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 25,191   25,076 115
b 404,609   411,011 -6,402
c 70,925   79,704 -8,779
d 591,460   594,468 -3,008
e 145,469   138,222 7,247
45,447   31,922 13,525
148,647   154,762 -6,115
336,459   303,435 33,024
230,644   216,222 14,422
111     111
9     9
2,162     2,162
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       115
b       -6,402
c       -8,779
d       -3,008
e       7,247
      13,525
      -6,115
      33,024
      14,422
      111
      9
      2,162
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 46,311
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 129,290 2,199,825 0.058773
2008 110,368 3,146,518 0.035076
2007 94,973 3,133,015 0.030314
2006 5,671 2,905,473 0.001952
2005      
2 Total of line 1, column (d) ...................... 2 0.126115
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 0.031529
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,652,752
5 Multiply line 4 by line 3....................... 5 83,639
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 556
7 Add lines 5 and 6......................... 7 84,195
8 Enter qualifying distributions from Part XII, line 4.............. 8 342,474
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 1 556
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............................ 3 556
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- ..... 5 556
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
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 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 562
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)bulletDE, MS
    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.Click to see attachment
    10
    Yes
     
    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 ofbulletPaula Laughlin Telephone no.bullet (716) 839-1292
    Located atbullet4476 Main Street Suite 106AmherstNY ZIP+4bullet14226
    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
    David A Rich Sr President
    1.00     		0 0 0
    3535 Hawthorne Drive
    Jackson,MS39216
    Grace E Rich Vice-President/Secretary
    1.00     		0 0 0
    3535 Hawthorne Drive
    Jackson,MS39216
    David A Rich Jr Treasurer
    1.00     		0 0 0
    3535 Hawthorne Drive
    Jackson,MS39216
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,233,588
    b
    Average of monthly cash balances.......................
    1b
    161,890
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    297,671
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,693,149
    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
    2,693,149
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    40,397
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,652,752
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    132,638
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    132,638
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    556
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    556
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    132,082
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    132,082
    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
    132,082
    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
    342,474
    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
    342,474
    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
    556
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    341,918
    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 7 132,082
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 88,441
    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$ 342,474
    a Applied to 2009, but not more than line 2a 88,441
    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..... 132,082
    e Remaining amount distributed out of corpus 121,951
    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 5 121,951
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		121,951
    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.... 121,951
    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).)
    David A Rich Sr
    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:
    Paula Laughlin
    4476 Main St Suite 106
    Amherst,NY14226
    (716) 839-1292
    bThe form in which applications should be submitted and information and materials they should include:
    No formal application process.
    cAny submission deadlines:
    No formal application process.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None
    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
    American Family Association
    PO Box 2440
    Tupelo,MS38803     		None 509(a)(1) General Operations 2,000
    AMIA (Anglican Mission in America)
    PO Box 3427
    Pawleys Island,SC29585     		None 509(a)(1) Haiti Earthquake Relief 5,250
    Anglican Frontier Missions
    1791 Cambridge Drive
    Richmond,VA23238     		None 509(a)(2) Oxford University program 1,000
    Baptist Health Foundation
    1225 North State St
    Jackson,MS39202     		None 509(a)(1) General Operations 10,000
    Belhaven University
    1500 Peachtree St
    Jackson,MS39202     		None 509(a)(1) General Operations 10,000
    Campus Crusade for Christ
    22019 Halliburton Cove
    Oxford,MS38655     		None 509(a)(1) General Operations 2,500
    Community Foundation of Greater Jackson
    525 East Capitol St
    Jackson,MS39201     		None 509(a)(1) General Operations 5,000
    Cornerstone Church
    PO Box 5896
    Jackson,MS39288     		None 509(a)(1) Mission Fund 1,000
    Fondren Renaissance Foundation
    3318 North State Street
    Jackson,MS39216     		None 509(a)(1) General Operations 7,500
    Food for the Poor
    6401 Lyons Road
    Coconut Creek,FL33073     		None 509(a)(1) General Operations 1,000
    Gateway Rescue Mission Inc
    328 South Gallatin St
    Jackson,MS39207     		None 509(a)(2) General Operations 2,500
    Global Outreach International
    PO Box 1
    Tupelo,MS38802     		None 509(a)(1) Croatia Mission Fund 2,000
    Guiding Eyes for the Blind
    611 Granite Springs Rd
    Yorktown Heights,NY10598     		None 509(a)(1) General Operations 150
    Hearts for the Homeless
    PO Box 437
    Buffalo,NY14223     		None 509(a)(1) General Operations 1,000
    Here's Life Mission to Africa
    PO Box 6177
    Jackson,MS39288     		None 509(a)(1) General Operations 2,000
    Holy Trinity Anglican Church
    604 Goodridge Drive
    Ridgeland,MS39157     		None 509(a)(1) General Operations 5,000
    Jackson Public Schools District
    630 South State St
    Jackson,MS39201     		None 509(a)(1) General Operations 5,000
    Jackson Zoological Park
    2918 West Capitol St
    Jackson,MS39209     		None 509(a)(1) General Operations/Purchase Rhino for Zoo 15,400
    MadCAAP
    3141 S Liberty Street
    Canton,MS39046     		None 509(a)(1) General Operations 70,000
    Mission Mississippi
    120 North Congress St Ste 520
    Jackson,MS39201     		None 509(a)(1) General Operations 15,000
    PCA (Presbyterian Church of America)
    424 E 92nd St
    New York,NY10128     		None 509(a)(1) General Operations 500
    Royal Church of God in Christ
    1280 Fillmore Avenue
    Buffalo,NY14211     		None 509(a)(1) Church Building Fund 20,000
    Stewpot Community Services
    1700 West Capitol St
    Jackson,MS39209     		None 509(a)(1) General Operations 5,000
    Susan G Komen for the Cure
    5005 LBJ Freeway
    Dallas,TX75244     		None 509(a)(1) General Operations 500
    The Junior League of Jackson MS Inc
    805 Riverside Drive
    Jackson,MS39202     		None 509(a)(2) Mississippi Children's Museum Building Fund 16,700
    The Tabernacle
    3210 Southwestern Blvd
    Orchard Park,NY14127     		None 509(a)(1) Educational Building Fund 50,000
    The University of Mississippi Foundation
    406 University Avenue
    University,MS38677     		None 509(a)(1) General Academic Fund/Civil War Research Center 14,000
    UMAA Foundation
    406 University Avenue
    University,MS38677     		None 509(a)(1) General Operations 2,208
    Virtue Online
    1236 Waterford Road
    West Chester,PA19380     		None 509(a)(1) General Operations 6,000
    Voice of Calvary
    531 West Capitol Street
    Jackson,MS39208     		None 509(a)(1) General Operations 10,000
    Young Life Jackson
    PO Box 79066
    Jackson,MS39236     		None 509(a)(1) General Operations 20,000
    Total .................................bullet 3a 308,208
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 48,290  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -95  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 46,311  
    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 94,506 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    1394,506
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    Risen Son Foundation Inc
     
    Employer identification number

    20-4446969
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    Risen Son Foundation Inc
          		Employer identification number

    20-4446969
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    David A Rich    
    3535 Hawthorne
       
    Jackson, MS   39216

    		$1,190,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    Risen Son Foundation Inc
          		Employer identification number

    20-4446969
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    Risen Son Foundation Inc
          		Employer identification number

    20-4446969
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    The Jackson Group 4,000 2,000   2,000

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

    TY 2010 DepreciationSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Land (2/3) 2010-01-01 46,600   L   0 0    
    Building (2/3) 2010-01-01 188,400   SL 39.000000000000 4,629 4,629    
    Bldg Improv-Electrical System (2/3) 2010-03-16 6,140   SL 39.000000000000 125 125    
    Security System (2/3) 2010-07-19 3,285   200DB 7.000000000000 469 196    
    Furn & Fixt - Blinds (2/3) 2010-04-06 1,590   200DB 7.000000000000 227 170    
    Bldg Improv-Decking (2/3) 2010-03-05 12,470   SL 39.000000000000 253 253    
    Landscaping (2/3) 2010-01-01 798   150DB 15.000000000000 40 53    
    Landscaping (2/3) 2010-03-05 14,638   150DB 15.000000000000 732 813    
    Security System (2/3) 2010-12-28 1,150   200DB 7.000000000000 164 0    
    Bldg Improv-Carpentry (2/3) 2010-05-14 22,600   SL 39.000000000000 362 362    
    Land (1/3) 2010-01-01 23,400   L   0 0    
    Building (1/3) 2010-01-01 94,205   SL 39.000000000000 2,315 0    
    Bldg Improv-Electrical System (1/3) 2010-03-16 3,070   SL 39.000000000000 62 0    
    Bldg Improv-Decking (1/3) 2010-03-05 6,235   SL 39.000000000000 127 0    
    Bldg Improv-Carpentry (1/3) 2010-05-14 11,300   SL 39.000000000000 181 0    
    Security System (1/3) 2010-07-19 1,640   200DB 7.000000000000 234 0    
    Computer Network 2010-10-21 2,201   200DB 5.000000000000 440 0    
    Computer Network Setup 2010-12-14 626   200DB 5.000000000000 125 0    
    Telephone System 2010-10-19 2,859   200DB 7.000000000000 409 0    
    Office Equip - Shredder & Garbage Bins 2010-02-08 1,157   200DB 7.000000000000 165 0    
    Furn & Fixt - Blinds (1/3) 2010-04-06 796   200DB 7.000000000000 114 0    
    Landscaping (1/3) 2010-01-01 399   150DB 15.000000000000 20 0    
    Landscaping (1/3) 2010-03-05 7,320   150DB 15.000000000000 366 0    
    Security System (1/3) 2010-12-28 576   200DB 7.000000000000 82 0    

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A T & T New - 343 Sh 0 0
    Ace Limited New - 242 Sh 0 0
    Agilent Technologies Inc - 200 Sh 0 0
    Allianz SE ADR - 560 Sh 0 0
    AmDocs Limited - 449 Sh 0 0
    American Express Co - 155 Sh 12,334 12,334
    Ameriprise Financial Inc - 115 Sh 6,618 6,618
    Anheuser-Busch InBev ADR - 252 Sh 14,387 14,387
    Ansys Inc - 124 Sh 6,457 6,457
    Apple Inc - 70 Sh 22,579 22,579
    Avery Dennison Corp - 145 Sh 0 0
    BAE Systems PLC ADR - 374 Sh 7,729 7,729
    Banco Bilbao Argentina ADR - 652 Sh 0 0
    Barclays Bank PLC ADR - 473 Sh 0 0
    Barrick Gold Corp - 198 Sh 0 0
    BG Group PLC ADR - 88 Sh 8,928 8,928
    BHP Billiton Ltd ADR - 146 Sh 13,566 13,566
    BNP Paribas ADR - 282 Sh 9,006 9,006
    Boeing Co. - 183 Sh 0 0
    BP PLC ADR - 267 Sh 0 0
    British Amer Tobacco PLC ADR-168 Sh 13,054 13,054
    C R H PLC Spon ADr - 187 Sh 0 0
    C S X Corp - 190 Sh 12,276 12,276
    Canon Inc Spon ADR - 294 Sh 15,094 15,094
    CarMax Inc - 250 Sh 0 0
    China Mobile Ltd ADR - 215 Sh 10,668 10,668
    Cigna Corp - 155 Sh 0 0
    Cliffs Natural Res Inc - 125 Sh 0 0
    Coca Cola Co - 68 Sh 0 0
    Cognizant Tech Sol Cl A-300 Sh 21,987 21,987
    Comcast CP New Cl A Spl-580 Sh 12,070 12,070
    Community Health Systems-96 Sh 3,588 3,588
    ConocoPhillips - 248 Sh 16,889 16,889
    Cooper Industries PLC - 220 Sh 12,824 12,824
    Corning Inc - 495 Sh 9,563 9,563
    Credit Suisse Group ADR - 238 Sh 0 0
    Cree Inc - 105 Sh 0 0
    Crown Castle Intl Group - 500 Sh 0 0
    Dell Inc - 1,931 Sh 26,165 26,165
    Diamond Offshore Drilling - 55 Sh 0 0
    DirecTV Cl A - 305 Sh 0 0
    Dish Network Corp Cl A-473 Sh 9,299 9,299
    E M C Corp Mass - 375 Sh 0 0
    Eastman Chemical Co - 95 Sh 0 0
    Eclipsys Corp - 111 Sh 0 0
    Eni A P A Spon ADR - 130 Sh 5,686 5,686
    Entergy Corp New - 184 Sh 0 0
    Esprit Holdings New ADR - 671 Sh 0 0
    Express Scripts Inc - 95 Sh 5,135 5,135
    Fanuc Ltd ADR - 522 Sh 13,403 13,403
    Fifth Third bancorp - 545 Sh 0 0
    Fiserv Inc - 378 Sh 22,136 22,136
    General Dynamics Corp - 80 Sh 0 0
    Gilead Sciences Inc - 688 Sh 24,933 24,933
    GlaxoSmithKline PLC ADR-409 Sh 16,041 16,041
    Google Inc Cl A - 38 Sh 22,571 22,571
    Hartford Fin Serv Group-471 Sh 12,477 12,477
    Heineken NV ADR - 215 Sh 0 0
    Hewitt Associates Inc - 145 Sh 0 0
    Hewlett-Packard Co - 130 Sh 0 0
    Hoya Corp ADR - 337 Sh 8,194 8,194
    HSBC Holdings PLC ADR New-275 Sh 14,036 14,036
    Illinois Tool Works Inc - 120 Sh 0 0
    Imperial Tob GP PLC ADR-110 Sh 6,779 6,779
    ING Groep NV ADR - 1,636 Sh 16,016 16,016
    Joy Global Inc - 150 Sh 13,013 13,013
    K L A Tencor Corp - 150 Sh 0 0
    Keycorp Inc New - 1,060 Sh 0 0
    Leap Wireless Intl New-282 Sh 0 0
    Level 3 Communications-6,245 Sh 6,120 6,120
    Life Technologies Corp-105 Sh 0 0
    Lifetime Fitness - 333 Sh 9,551 9,551
    Lilly Eli & Company - 447 Sh 15,663 15,663
    Lloyds Banking Group ADR-2,145 Sh 8,816 8,816
    LVMH Moet New ADR - 208 Sh 6,870 6,870
    Marathon Oil Corp - 450 Sh 16,664 16,664
    Mastercard Inc - 25 Sh 0 0
    McKesson Corp - 90 Sh 0 0
    Merck & Co Inc New - 155 Sh 0 0
    Merck KGAA ADR - 135 Sh 0 0
    Microsoft Corp - 381 Sh 10,634 10,634
    Mitsibishi UFJ Finl ADR-2,666 Sh 14,423 14,423
    Mitsubishi Estate ADR-38 Sh 7,056 7,056
    Monsanto Co New Del-255 Sh 17,758 17,758
    Mylan Inc - 295 Sh 0 0
    National Oilwell Varco-65 Sh 0 0
    NCR Corp New - 446 Sh 6,517 6,517
    Nestle SA Reg B ADR-129 Sh 7,577 7,577
    Netapp Inc - 285 Sh 15,664 15,664
    Nokia Corp Spon ADR-306 Sh 0 0
    Nomura Holdings New ADR-936 Sh 0 0
    Novartis AG Spon ADR-252 Sh 14,855 14,855
    Novo-Nordisk A-S ADr-69 Sh 7,767 7,767
    OAO Gazprom Spon ADR-544 Sh 13,725 13,725
    Occidental Pete Corp-90 Sh 0 0
    ON Semiconductor Corp-588 Sh 5,809 5,809
    Oneok Inc New - 130 Sh 0 0
    Pall Corp - 125 Sh 0 0
    Parker-Hannifin Corp-75 Sh 0 0
    Paychex Inc - 162 Sh 0 0
    Prudential Corp PLC ADR-567 Sh 11,828 11,828
    Rite Aid Corp - 1,146 Sh 1,012 1,012
    Roche Holdings Ltd Spon ADR-507 Sh 0 0
    Rogers Communic Inc Cl B-122 Sh 4,225 4,225
    S A P AG ADR - 226 Sh 11,438 11,438
    S B A Communications CP-165 Sh 0 0
    SalesForce Com - 35 Sh 4,620 4,620
    Sanofi Aventis ADR - 474 Sh 15,277 15,277
    Sara Lee Corp - 470 Sh 0 0
    Seagate Technology - 325 Sh 0 0
    Singapore Telecommunic ADR New-288 Sh 6,857 6,857
    Smith International Inc-325 Sh 0 0
    Societe Genrale SPN ADR-808 Sh 0 0
    Southern Copper Corp-280 Sh 13,647 13,647
    Starbucks Corp - 170 Sh 5,462 5,462
    Starwood Hotels & Resorts New-150 Sh 0 0
    Sumitomo Mitsui Fin ADR-1,766 Sh 12,556 12,556
    Sun Hung Kai Pptys ADR-382 Sh 6,344 6,344
    Swiss Reinsurance ADR-294 Sh 0 0
    Teco Energy Inc - 355 Sh 0 0
    Tesco PLC Spon ADR - 466 Sh 0 0
    Thermo Fisher Scientific-356 Sh 19,708 19,708
    Tiffany & Co New - 130 Sh 0 0
    Total SA ADR - 186 Sh 9,947 9,947
    Transatlantic Holdings-261 Sh 13,473 13,473
    Tullow Oil PLC ADR - 703 Sh 6,940 6,940
    U S Bancorp Del New - 754 Sh 20,335 20,335
    UBS AG New - 609 Sh 10,030 10,030
    Unilever PLC ADR New-390 Sh 12,043 12,043
    United States Steel Corp-314 Sh 18,344 18,344
    Varian Medical Systems-136 Sh 9,422 9,422
    Virgin Media Inc - 380 Sh 0 0
    Visa Inc Cl A - 112 Sh 0 0
    Vodafone Group New ADR-197 Sh 5,209 5,209
    Wm Morrison Supermkt ADR-451 Sh 9,448 9,448
    Zurich Fin Services ADR-522 Sh 0 0
    Agrium Inc - 135 Sh 12,386 12,386
    Albermarle Corp - 195 Sh 10,877 10,877
    Alexion Pharma Inc-85 Sh 6,847 6,847
    Altera Corp - 495 Sh 17,612 17,612
    Banco de Chile ADR-55 Sh 4,861 4,861
    Banco Macro SA ADR-115 Sh 5,773 5,773
    Caterpillar Inc - 115 Sh 10,771 10,771
    Chipotle Mexican Grill-20 Sh 4,253 4,253
    Concho Resources Inc-210 Sh 18,411 18,411
    Continental Resources-230 Sh 13,536 13,536
    Credicorp Ltd - 40 Sh 4,756 4,756
    Discovery Commun Ser A-110 Sh 4,587 4,587
    Dril Quip - 160 Sh 12,435 12,435
    Expeditors Intl Wah-210 Sh 11,466 11,466
    Hansen Natural Corp-155 Sh 8,103 8,103
    Hasbro Inc - 110 Sh 5,190 5,190
    Healthspring Inc-190 Sh 5,041 5,041
    ITC Holdings Corp-155 Sh 9,607 9,607
    Las Vegas Sands Corp-290 Sh 13,326 13,326
    Limited Brands Inc-185 SH 5,685 5,685
    Lindsay Corp - 155 Sh 9,212 9,212
    Lubrizol Corp - 120 Sh 12,826 12,826
    Lyondellbasell Inds-170 Sh 5,848 5,848
    Medicis Pharm Cl A New-195 Sh 5,224 5,224
    Panera Bread Co Cl A-105 Sh 10,627 10,627
    Perrigo Co - 80 Sh 5,066 5,066
    Riverbed Technology Inc-630 Sh 22,157 22,157
    Rovi Corp - 240 Sh 14,882 14,882
    Silver Wheaton Corp-340 Sh 13,274 13,274
    SXC Health Solutions CPF-130 Sh 5,572 5,572
    TRW Automotive Holdings-240 Sh 12,648 12,648
    Walter Energy Inc - 115 Sh 14,702 14,702
    Waters Corp - 140 Sh 10,879 10,879
    Wynn Resorts - 90 Sh 9,346 9,346
    Adobe Systems - 327 Sh 10,065 10,065
    Alere Inc - 352 Sh 12,883 12,883
    Baker Hughes Inc-313 Sh 17,894 17,894
    Best Buy Inc-342 Sh 11,727 11,727
    Corning Inc - 645 Sh 12,461 12,461
    General Electric Co-1,428 Sh 26,118 26,118
    Inpex Corp ADR-349 Sh 20,461 20,461
    JPMorgan Chase & Co-689 Sh 29,227 29,227
    Lockheed Martin Corp-145 Sh 10,137 10,137
    Memc Electrnc Materials-914 Sh 10,292 10,292
    PulteGroup Inc-884 Sh 6,648 6,648
    Sandridge Energy Inc-1,508 Sh 11,039 11,039
    Transocean Inc New-283 Sh 19,671 19,671
    Daito Tr Constr Co ADR-85 Sh 5,827 5,827
    Danone Spon ADR-801 Sh 10,105 10,105
    Honda Corp ADR-337 Sh 12,522 12,522
    ING Groep NV ADrR-811 Sh 7,940 7,940
    Nidec Corp ADR-203 Sh 5,114 5,114
    Potash Corp Sask Inc-51 Sh 7,896 7,896
    Royal Dutch Shell A ADR-212 Sh 14,157 14,157
    Sampo OYJ ADR-600 Sh 8,069 8,069
    Technip ADR-105 Sh 9,734 9,734
    Telstra Ltd Spon ADR-375 Sh 5,362 5,362
    Xstrata PLC ADR-2,584 Sh 12,181 12,181
    Yahoo Japan Corp ADR-68 Sh 8,795 8,795
    Assa Abloy AB ADR-871 Sh 12,276 12,276

    TY 2010 InvestmentsLandSchedule2
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land (2/3) 46,600 0 46,600 0
    Building (2/3) 188,400 4,629 183,771 0
    Bldg Improv-Electrical System (2/3) 6,140 125 6,015 0
    Security System (2/3) 3,285 469 2,816 0
    Furn & Fixt - Blinds (2/3) 1,590 227 1,363 0
    Bldg Improv-Decking (2/3) 12,470 253 12,217 0
    Landscaping (2/3) 798 40 758 0
    Landscaping (2/3) 14,638 732 13,906 0
    Security System (2/3) 1,150 164 986 0
    Bldg Improv-Carpentry (2/3) 22,600 362 22,238 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Claymore Exchange Traded Fd - 624 Sh FMV 0 0
    iShares iBoxx Investop-688 Sh FMV 0 0
    iShares MSCI Germany Index-1,402 Sh FMV 33,564 33,564
    iShares MSCI Japan Index Fd-3,712 Sh FMV 0 0
    iShares Tr Barclays Bond-495 Sh FMV 0 0
    iShares Tr Barclays TIPS-683 Sh FMV 73,436 73,436
    iShares Tr Russell 2000-923 Sh FMV 0 0
    iShares Trust ETF - 537 Sh FMV 0 0
    iShares Trust Index Fd-1,220 Sh FMV 0 0
    Powershares DB Commodity Index-1,389 Sh FMV 38,267 38,267
    SPDR Gold Trust - 702 Sh FMV 97,381 97,381
    SPDR Series Trust ETF-627 Sh FMV 0 0
    Vanguard Bond Index Fd-1,529 Sh FMV 122,733 122,733
    Vanguard Intl Equity Index-751 Sh FMV 35,845 35,845
    Vanguard Total Stk Mkt-1,697 Sh FMV 110,186 110,186
    WisdomTree Dreyfus ETF-2,000 Sh FMV 45,120 45,120
    First Tr Bick Index ETF-1,032 Sh FMV 33,912 33,912
    iShares FTSE China 25 Index Fd-1,026 Sh FMV 44,210 44,210
    Pimco ETF Enhanced Short Maturity Strategy Fd-334 Sh FMV 33,637 33,637
    Pimco ETF 15+ Yr US TIPS Index Fd-982 Sh FMV 53,372 53,372
    SPDR Index Shares Fd-S&P Emerging Mkts Small Cap ETF-1,987 Sh FMV 113,279 113,279
    SPDR SS&P Dividend ETF-1,536 Sh FMV 79,841 79,841
    Vanguard Div Appreciation-1,356 Sh FMV 71,366 71,366
    Vanguard REIT-1,478 Sh FMV 81,837 81,837
    WisdomTree Emerging ETF-Mkts Local Debt Fd-623 Sh FMV 32,405 32,405
    WisdomTree India Earning-1,347 Sh FMV 35,547 35,547
    Hatteras Alpha Hedged Strategies Fd-5,057 Sh FMV 52,797 52,797
    IQ Hedge Multi Strat ETF-2,000 Sh FMV 54,817 54,817
    IQ Index Trust ETF-Global Natl Res ETF-1,000 Sh FMV 31,826 31,826
    IQ Index Trust ETF-Real Return-1,000 Sh FMV 25,477 25,477
    iShares S&P Global Indx Fd-Global 100 Indx Fd-1,000 Sh FMV 62,270 62,270
    iShares Tr Barclays TIPS-Bond Fd-500 Sh FMV 53,760 53,760
    El Paso Pipeline Ptnr LP-150 Units FMV 5,018 5,018

    TY 2010 LandEtcSchedule2
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land (1/3) 23,400 0 23,400 0
    Building (1/3) 94,205 2,315 91,890 0
    Bldg Improv-Electrical System (1/3) 3,070 62 3,008 0
    Bldg Improv-Decking (1/3) 6,235 127 6,108 0
    Bldg Improv-Carpentry (1/3) 11,300 181 11,119 0
    Security System (1/3) 1,640 234 1,406 0
    Computer Network 2,201 440 1,761 0
    Computer Network Setup 626 125 501 0
    Telephone System 2,859 409 2,450 0
    Office Equip - Shredder & Garbage Bins 1,157 165 992 0
    Furn & Fixt - Blinds (1/3) 796 114 682 0
    Landscaping (1/3) 399 20 379 0
    Landscaping (1/3) 7,320 366 6,954 0
    Security System (1/3) 576 82 494 0


    TY 2010 LegalFeesSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Wells Marble & Hurst, PLLC 1,168 584   584


    TY 2010 OtherExpensesSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Telephone 3,829 766   3,063
    Equipment Leases 3,287 657   2,630
    Security 646 129   517
    Licenses & Fees 120 24   96
    Cable & Internet Expense 1,932 386   1,546
    Insurance 4,498 900   3,598
    Office Expense 35 7   28
    Books, Subscriptions & Publications 180 0   180
    Landscaping 6,796 1,359   5,437
    ADR Fees 323 323   0
    Payroll Services Expense 2,812 0   2,812
    Investment Expenses 53 53   0
    Supplies 4 4   0


    TY 2010 OtherIncreasesSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Description Amount
    Unrealized Gains on Portfolio 217,091


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Family Wealth Management Services 31,635 31,635   0
    T.L. Brown Property Commissions 1,616 323   1,293
    Commissions - T.L. Brown 432 432   0


    TY 2010 SubstantialContributorsSch
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Name Address
    David A Rich 3535 Hawthorne Drive
    Jackson,MS39216


    TY 2010 TaxesSchedule
    Name:
    Risen Son Foundation Inc
    EIN: 20-4446969
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax Withheld 1,609 0   0
    Franchise Excise Tax 25 0   0