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
THE BLANK FAMILY FOUNDATION
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)3455 NW 54TH STREET   Room/suite
City or town, state, and ZIP code
MIAMI, FL33142
A Employer identification number

92-0185953
B Telephone number (see page 10 of the instructions)

(305) 633-8587
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$22,229,059J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 7,070 7,070  
4 Dividends and interest from securities...... 442,324 442,324  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -1,922,057
b Gross sales price for all assets on line 6a 29,496,256
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -179,839 -179,839  
12 Total. Add lines 1 through 11........ -1,652,502 269,555  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,048      
c Other professional fees (attach schedule).... Click to see attachment 80,635 26,760    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 200 200    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 52,217 52,011    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 138,100 78,971   0
25 Contributions, gifts, grants paid........ 1,116,250 1,116,250
26 Total expenses and disbursements. Add lines 24 and 25 1,254,350 78,971   1,116,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,906,852
b Net investment income (if negative, enter -0-) 190,584
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............... 13,799 36,711 36,711
2 Savings and temporary cash investments.......... 437,527 960,488 960,488
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 18,919,206 Click to see attachment18,204,349 18,204,349
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,102,966 Click to see attachment3,027,511 3,027,511
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,473,498 22,229,059 22,229,059
Liabilities 17 Accounts payable and accrued expenses.......... 47,547 30,151
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).......... 47,547 30,151
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 23,425,951 22,198,908
30 Total net assets or fund balances (see page 17 of the
instructions).................... 23,425,951 22,198,908
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 23,473,498 22,229,059
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 23,425,951
2 Enter amount from Part I, line 27a...................... 2 -2,906,852
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,072,857
4 Add lines 1, 2, and 3.......................... 4 23,591,956
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,393,048
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 22,198,908
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 POWERSHS EXCH TRAD FD TRDYNAMIC DEVE P 2009-01-01 2010-02-23
b POWERSHS EXCH TRAD FD TRFTSE RAFI EM P 2009-01-01 2010-07-01
c WISDOMTREE TRUST INTL REAL ES P 2008-01-11 2010-12-02
d WISDOMTREE EMERGING MKTSEQUITY INCOM P 2010-03-03 2010-07-23
e SPDR DOW JONES INTL REAL ESTATE P 2010-03-03 2010-12-02
POWERSHS EXCH TRAD FD TRPOWERSHARES P 2009-01-01 2010-12-27
ISHARES TR RUSSELL 3000 RUSSELL 3000 P 2010-07-01 2010-12-02
POWERSHS EXCH TRAD FD TRPOWERSHARES P 2009-01-01 2010-02-22
POWERSHS EXCH TRAD FD TRS&P 500 BUYW P 2008-08-12 2010-02-22
PROSHS CR SUISSE TR ETF CREDIT SUISS P 2010-02-26 2010-05-26
ISHARES S&P CITIGROUP INTERNATIONA P 2010-03-03 2010-12-02
POWERSHS EXCH TRAD FD TRPOWERSHARES P 2010-01-01 2010-03-02
WISDOMTREE EMERGING MKTSEQUITY INCOM P 2010-02-26 2010-12-27
ISHARES TR COHEN & STEERREALTY MAJOR P 2009-01-01 2010-12-02
WISDOMTREE DIEFA P 2009-01-01 2010-02-26
WISDOMTREE TRUST INTL REAL ES P 2008-08-11 2010-12-02
POWERSHS DB COMMDTY INDX P 2008-01-04 2010-04-15
POWERSHS EXCH TRAD FD TRPREFERRED PO P 2010-01-01 2010-07-23
WISDOMTREE TRUST SMALLCAP EAR P 2010-02-26 2010-12-02
ISHARES TR DOW JONES RE US REAL ESTA P 2010-02-26 2010-12-27
POWERSHARES DB G10 CRNCYHARVEST FUND P 2009-01-01 2010-12-02
POWERSHS EXCH TRAD FD TRZACKS SMALL P 2009-01-01 2010-02-22
WISDOMTREE TRUST INTL REAL ES P 2009-01-01 2010-07-01
POWERSHARES FTSE RAFI US1500 SMALL-M P 2010-02-26 2010-07-01
WISDOMTREE DREYFUS ETF EMERGING CUR P 2010-03-03 2010-12-02
POWERSHARES FTSE RAFI US1500 SMALL-M P 2010-02-26 2010-12-02
ISHARES TR DOW JONES RE US REAL ESTA P 2010-02-26 2010-12-02
POWERSHS DB COMMDTY INDX P 2009-01-01 2010-07-01
POWERSHARES DB G10 CRNCYHARVEST FUND P 2009-01-01 2010-07-01
POWERSHS EXCH TRAD FD TRPOWERSHARES P 2009-01-01 2010-03-02
POWERSHS EXCH TRAD FD TRFTSE RAFI EM P 2008-01-11 2010-07-23
SPDR BARCLAYS CAP INTL TREASURY BON P 2010-03-03 2010-12-02
ISHARES TR DOW JONES RE US REAL ESTA P 2010-03-03 2010-12-02
SPDR DOW JONES INTL REAL ESTATE P 2010-02-26 2010-12-02
ISHARES TR COHEN & STEERREALTY MAJOR P 2009-01-01 2010-02-26
POWERSHS EXCH TRAD FD TRFTSE RAFI DE P 2010-02-26 2010-07-01
SPDR DOW JONES INTL REAL ESTATE P 2010-02-26 2010-07-01
SPDR DOW JONES INTL REAL ESTATE P 2010-03-03 2010-11-18
WISDOMTREE EMERGING MKTSEQUITY INCOM P 2010-02-26 2010-12-02
WISDOMTREE TRUST SMALLCAP EAR P 2010-02-26 2010-12-27
WISDOMTREE DIEFA P 2009-01-01 2010-07-01
ISHARES TR COHEN & STEERREALTY MAJOR P 2008-01-11 2010-01-06
WISDOMTREE TRUST SMALLCAP EAR P 2010-02-26 2010-07-01
ISHARES TR BARCLAYS TIPSBOND FUND P 2010-03-03 2010-12-02
ISHARES S&P CITIGROUP INTERNATIONA P 2010-07-01 2010-12-02
POWERSHARES FTSE RAFI US1500 SMALL-M P 2010-02-26 2010-12-27
WISDOMTREE TRUST INTL REAL ES P 2009-01-01 2010-02-26
WISDOMTREE INTL SMCP DIVINTL SMALLCA P 2010-02-26 2010-07-01
ISHARES TR COHEN & STEERREALTY MAJOR P 2008-01-11 2010-07-23
SPDR BARCLAYS CAP TIPS CAPITAL TIPS P 2010-03-03 2010-12-02
WISDOMTREE DREYFUS ETF EMERGING CUR P 2010-07-01 2010-12-02
POWERSHS EXCH TRAD FD TRFTSE RAFI DE P 2010-02-26 2010-12-27
POWERSHS DB COMMDTY INDX P 2008-01-04 2010-02-26
POWERSHS EXCH TRAD FD TRFTSE RAFI EM P 2009-01-01 2010-02-26
PROSHS CR SUISSE TR ETF CREDIT SUISS P 2010-03-03 2010-05-26
ISHARES TR DOW JONES RE US REAL ESTA P 2010-03-03 2010-07-23
POWERSHS EXCH TRAD FD TRFTSE RAFI DE P 2010-02-26 2010-12-02
PROSHARES SHORT S&P 500 P 2010-05-26 2010-07-01
GREENHAVEN CONT CMDTY CONTINUOUS C P 2010-07-01 2010-12-02
WISDOMTREE EMERGING MKTSEQUITY INCOM P 2010-02-26 2010-07-01
POWERSHARES DB G10 CRNCYHARVEST FUND P 2008-01-04 2010-07-23
GREENHAVEN CONT CMDTY CONTINUOUS C P 2010-07-23 2010-11-18
SPDR BARCLAYS CAP INTL TREASURY BON P 2010-07-01 2010-12-02
POWERSHS DB COMMDTY INDX P 2009-01-01 2010-12-27
POWERSHS DB COMMDTY INDX P 2009-01-01 2010-12-02
S P D R S&P 500 ETF TR EXPIRING 01/ P 2010-02-26 2010-07-01
ISHARES TR COHEN & STEERREALTY MAJOR P 2008-01-11 2010-12-02
ISHARES DIVERSIFIED ETF ALTERNATIVES P 2010-03-03 2010-12-02
GREENHAVEN CONT CMDTY CONTINUOUS C P 2010-07-23 2010-12-02
ISHARES TR COHEN & STEERREALTY MAJOR P 2008-11-19 2010-07-01
POWERSHS EXCH TRAD FD TRS&P 500 BUYW P 2008-08-12 2010-07-01
POWERSHS EXCH TRAD FD TRFTSE RAFI DE P 2010-02-26 2010-07-01
POWERSHARES DB G10 CRNCYHARVEST FUND P 2010-01-01 2010-12-02
SPDR BARCLAYS CAP TIPS CAPITAL TIPS P 2010-07-01 2010-12-02
POWERSHS EXCH TRAD FD TRPOWERSHARES P 2010-01-01 2010-12-27
POWERSHS EXCH TRAD FD TRFTSE RAFI EM P 2009-01-01 2010-12-27
POWERSHS EXCH TRAD FD TRPOWERSHARES P 2009-01-01 2010-07-01
ISHARES DIVERSIFIED ETF ALTERNATIVES P 2010-02-26 2010-12-02
PROSHARES SHORT S&P 500 P 2010-05-26 2010-07-23
ISHARES TR BARCLAYS TIPSBOND FUND P 2010-07-01 2010-12-02
ISHARES TR RUSSELL 3000 RUSSELL 3000 P 2010-07-01 2010-12-01
S P D R S&P 500 ETF TR EXPIRING 01/ P 2010-02-26 2010-12-27
POWERSHS DB COMMDTY INDX P 2009-01-01 2010-07-23
POWERSHARES DB G10 CRNCYHARVEST FUND P 2008-01-04 2010-12-02
WISDOMTREE TRUST INTL REAL ES P 2008-01-11 2010-11-18
ISHARES TR DOW JONES RE US REAL ESTA P 2010-02-26 2010-07-01
ISHARES TR RUSSELL 3000 RUSSELL 3000 P 2010-07-23 2010-12-02
GREENHAVEN CONT CMDTY CONTINUOUS C P 2010-07-01 2010-12-27
POWERSHS EXCH TRAD FD TRS&P 500 BUYW P 2010-03-01 2010-03-02
POWERSHS DB COMMDTY INDX P 2008-01-04 2010-12-02
ISHARES TR COHEN & STEERREALTY MAJOR P 2008-01-11 2010-04-15
POWERSHS EXCH TRAD FD TRFTSE RAFI EM P 2008-08-11 2010-12-02
WISDOMTREE DREYFUS ETF EMERGING CUR P 2010-07-01 2010-12-27
ISHARES TR COHEN & STEERREALTY MAJOR P 2009-01-01 2010-12-27
(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 2,413,755   3,170,029 -756,274
b 394,569   464,657 -70,088
c 32,810   51,253 -18,443
d 62,451   63,344 -893
e 33,411   29,468 3,943
438,644   410,194 28,450
651,745   546,255 105,490
2,211,816   2,860,600 -648,784
501,526   561,455 -59,929
1,212,978   1,229,889 -16,911
25,233   25,568 -335
4,423     4,423
181,601   152,743 28,858
223,815   103,972 119,843
558,260   896,016 -337,756
255,656   310,177 -54,521
38,856   51,096 -12,240
33,009   32,990 19
29,133   24,434 4,699
173,379   144,458 28,921
775,236   535,343 239,893
865,264   1,141,636 -276,372
82,458   126,536 -44,078
228,046   238,955 -10,909
15,762   15,180 582
30,724   25,805 4,919
221,360   186,218 35,142
765,499   388,590 376,909
1,123,469   1,386,345 -262,876
272,151   313,742 -41,591
57,506   65,969 -8,463
27,649   27,011 638
35,333   29,940 5,393
258,254   221,475 36,779
604,153   847,127 -242,974
366,730   407,940 -41,210
92,476   100,393 -7,917
6,112   5,405 707
36,190   30,568 5,622
187,725   150,616 37,109
344,596   575,162 -230,566
92,051   129,087 -37,036
232,203   239,958 -7,755
29,880   28,558 1,322
171,132   164,314 6,818
189,426   151,270 38,156
249,660   423,305 -173,645
386,773   418,958 -32,185
27,070   34,009 -6,939
30,304   28,970 1,334
109,932   102,788 7,144
535,906   492,074 43,832
422,949   581,910 -158,961
157,507   187,737 -30,230
173,284   179,254 -5,970
22,148   20,656 1,492
86,124   78,301 7,823
1,204,803   1,158,707 46,096
481,149   620,183 -139,034
376,047   405,701 -29,654
29,200   34,162 -4,962
13,350   11,564 1,786
181,210   170,916 10,294
357,383   302,092 55,291
469,896   603,321 -133,425
401,272   430,645 -29,373
34,943   39,860 -4,917
117,391   114,446 2,945
74,509   62,705 11,804
151,807   91,505 60,302
440,044   546,024 -105,980
396,827   420,758 -23,931
    4,593 -4,593
157,456   154,422 3,034
182,832   170,974 11,858
177,636   108,720 68,916
378,681   465,414 -86,733
702,368   724,468 -22,100
175,009   179,052 -4,043
157,046   153,805 3,241
107,564   91,296 16,268
616,899   545,372 71,527
183,983   266,348 -82,365
150,438   171,875 -21,437
6,173   9,610 -3,437
141,271   137,590 3,681
197,877   175,778 22,099
362,076   279,960 82,116
721,675   801,567 -79,892
81,326   102,030 -20,704
11,427   13,896 -2,469
32,328   28,464 3,864
555,766   533,067 22,699
173,955   77,720 96,235
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       -756,274
b       -70,088
c       -18,443
d       -893
e       3,943
      28,450
      105,490
      -648,784
      -59,929
      -16,911
      -335
      4,423
      28,858
      119,843
      -337,756
      -54,521
      -12,240
      19
      4,699
      28,921
      239,893
      -276,372
      -44,078
      -10,909
      582
      4,919
      35,142
      376,909
      -262,876
      -41,591
      -8,463
      638
      5,393
      36,779
      -242,974
      -41,210
      -7,917
      707
      5,622
      37,109
      -230,566
      -37,036
      -7,755
      1,322
      6,818
      38,156
      -173,645
      -32,185
      -6,939
      1,334
      7,144
      43,832
      -158,961
      -30,230
      -5,970
      1,492
      7,823
      46,096
      -139,034
      -29,654
      -4,962
      1,786
      10,294
      55,291
      -133,425
      -29,373
      -4,917
      2,945
      11,804
      60,302
      -105,980
      -23,931
      -4,593
      3,034
      11,858
      68,916
      -86,733
      -22,100
      -4,043
      3,241
      16,268
      71,527
      -82,365
      -21,437
      -3,437
      3,681
      22,099
      82,116
      -79,892
      -20,704
      -2,469
      3,864
      22,699
      96,235
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 -2,605,177
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 3 263,908
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 737,215 20,783,253 0.035472
2008 1,462,650 27,688,072 0.052826
2007 1,472,750 32,394,182 0.045463
2006 1,648,450 30,251,100 0.054492
2005 1,899,825 27,625,888 0.068770
2 Total of line 1, column (d) ...................... 2 0.257023
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 0.051405
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 22,232,053
5 Multiply line 4 by line 3....................... 5 1,142,839
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,906
7 Add lines 5 and 6......................... 7 1,144,745
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,116,250
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)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,812
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  
3 Add lines 1 and 2............................ 3 3,812
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,812
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 11,347
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 11,347
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,535
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet7,535 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)bulletFL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletBLANKFAMILY.ORG
    14
    The books are in care ofbulletNATIONAL BRANDS INC Telephone no.bullet (305) 633-8587
    Located atbullet3455 NW 54TH STMIAMIFL ZIP+4bullet33142
    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
     
     
    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
     
     
    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
    JEROME BLANKClick to see attachment DIR/CHAIRMAN
    0.00     		0 0 0
    3455 NW 54TH ST
    MIAMI,FL33142
    ANDREW BLANKClick to see attachment DIR/PRESIDEN
    0.00     		0 0 0
    3455 NW 54TH ST
    MIAMI,FL33142
    ROBERT FREHLINGClick to see attachment DIRECTOR
    0.00     		0 0 0
    3455 NW 54TH ST
    MIAMI,FL33142
    KATHLEEN BLANKClick to see attachment DIRECTOR
    0.00     		0 0 0
    17 WHITE PINE CANYON RD
    PARK CITY,UT84060
    KATHY KRAMER - MARTINClick to see attachment DIRECTOR
    0.00     		0 0 0
    3455 NW 54TH ST
    MIAMI,FL33142
    EVELYN MACIAClick to see attachment SEC/TRES
    0.00     		0 0 0
    3455 NW 54TH ST
    MIAMI,FL33142
    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  
    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)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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.)
    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
    21,396,147
    b
    Average of monthly cash balances.......................
    1b
    1,155,658
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    18,807
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,570,612
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    22,570,612
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    338,559
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,232,053
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,111,603
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,111,603
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,812
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,812
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,107,791
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    1,107,791
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,107,791
    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
    1,116,250
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    1,116,250
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,116,250
    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 1,107,791
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 3,028
    b Total for prior years:20, 20, 20  
    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.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,116,250
    a Applied to 2009, but not more than line 2a 3,028
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 1,107,791
    e Remaining amount distributed out of corpus 5,431
    5 Excess distributions carryover applied to 2010.    
    (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 5,431
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    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) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		5,431
    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.... 5,431
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    GREATER JEWISH FED
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		NONE   CHARITABLE 725,000
    ANTI-DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY10158     		NONE   CHARITABLE 50,000
    NATIONAL ABILITY CENTER
    1000 ABILITY WAY
    PARK CITY,UT84060     		NONE   CHARITABAL 5,000
    DEEP LISTENING INST
    77 CORNELL ST SUITE 303
    KINGSTON,NY12401     		NONE   CHARITABLE 1,000
    DISCOVERY EYE FOUNDATION
    622 WILSHIRE BLVDSTE260
    LOS ANGELES,CA90048     		NONE   CHARITABLE 5,000
    GOOWILL INDUSTRIES
    5993 PENN CIR S
    PITTSBURGH,PA15206     		NONE   CHARITABLE 10,000
    HOSPICE OF WR VALLEY
    507 N 1ST AVE
    KETCHUM,ID83340     		NONE   CHARITABLE 2,000
    MIAMI JEWISH HEALTH SYTMS
    5200 NE 2ND AVE
    MIAMI,FL33137     		NONE   CHARITABLE 25,000
    MOSAIC JEWISH MUSEUM
    301 WASHINGTON AVE
    MIAMI BEACH,FL33139     		NONE   CHARITABLE 1,000
    MUSCULAR DYSTROPHY
    2801 FRUITVILLE RD 140
    SARASOTA,FL342375301     		NONE   CHARITABLE 10,000
    NATURE CONSERVANCY
    4245 NFAIRFAX DRSTE100
    ARLINGTON,VA222031606     		NONE   CHARITABLE 7,500
    PARK CITY PERFORMING ARTS
    1750 KEARNS BLVD
    PARK CITY,UT84060     		NONE   CHARITABLE 5,000
    PEDDIE ANNUAL GIVING
    111 ARMELLINO CT
    HIGHSTOWN,NJ085203348     		NONE   CHARITABLE 250
    SANFRANCISCO JEWISH FED
    121 STEUART STREET
    SAN FRANCISCO,CA94105     		NONE   CHARITABLE 3,000
    SO FLORIDA COMPOSERS
    PO BOX 01-5298
    MIAMI,FL33101     		NONE   CHARITABLE 4,000
    SNAKE RIVER ALLIANCE
    PO BOX 1731
    BOISE,ID83701     		NONE   CHARITABLE 1,000
    STLUKE'S WOOD RIVER
    PO BOX 7005
    KETCHUM,ID83340     		NONE   CHARITABLE 5,000
    SUNDANCE INSTITUTE
    PO BOX 684429
    PARK CITY,UT84068     		NONE   CHARITABLE 10,000
    SUN VALLEY CTR OF THE ART
    191 5TH ST
    KETCHUM,ID83340     		NONE   CHARITABLE 1,000
    TEMPLE BETH SHALOM
    205 EAST BARCELONA RD
    SANTA FE,NM87505     		NONE   CHARITABLE 2,500
    TEMPLE HAR SHALOM
    PO BOX 681236
    PARK CITY,UT84068     		NONE   CHARITABLE 2,000
    WR JEWISH COMMUNITY
    471 LEADVILLE AVE
    KETCHUM,ID83340     		NONE   CHARITABLE 1,000
    BALLET WEST
    50 W 200 S 200
    SALT LAKE CITY,UT841011675     		NONE   CHARITABLE 5,000
    ONE HEART WORLDWIDE
    1818 PACHECO ST
    SAN FRANCISCO,CA94116     		NONE   CHARITABLE 2,500
    UM MILLER SCHOOL
    1601 NORTHWEST 12 AVE
    MIAMI,FL33136     		NONE   CHARITABLE 2,500
    WOOD RIVER ABILITY
    PO BOX 800
    SUN VALLEY,ID83353     		NONE   CHARITABLE 5,000
    SAGEBRUSH EQUINE
    100 LET ER BUCK RD
    HAILEY,ID83333     		NONE   CHARITABLE 1,000
    SYLVESTER COMP CANCER CTR
    1192E NEWPORT CTR DR100
    DEERFIELD BEACH,FL334427749     		NONE   CHARITABLE 5,000
    NORWEGIAN OUTDOOR
    PO BOX 4036
    PARK CITY,UT84060     		NONE   CHARITABLE 3,000
    GREATER MIAMI JEWISH
    FEDERATION
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		NONE   CHARITABLE 216,000
    Total .................................bullet 3a 1,116,250
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 7,070  
    4 Dividends and interest from securities....     14 442,324  
    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   683,120 14 -2,605,177  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCENDANT RECOVERY     26 6,355  
    bSECTION 988 LOSSES     26 -186,194  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 683,120 -2,335,622  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-1,652,502
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,048      

    TY 2010 CompensationExplanation
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Person Name Explanation
    JEROME BLANK  
    ANDREW BLANK  
    ROBERT FREHLING  
    KATHLEEN BLANK  
    KATHY KRAMER - MARTIN  
    EVELYN MACIA  

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

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         26,341       26,341  
    LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         656,779       656,779  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS HELD AT SCHWAB 18,204,349 18,204,349

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PARTNERSHIP INTEREST - AEOW 96 FMV 18,807 18,807
    B.H OPPORTUNITY FUND REIT 1 FMV 1,050,419 1,050,419
    B.H REIT 1 FMV 688,625 688,625
    INLAND AMERICAN RE TRUST FMV 1,269,660 1,269,660

    TY 2010 OtherDecreasesSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Description Amount
    INCOME INCLUDED ON TAX RETURN NOT ON BOOKS 1,393,048


    TY 2010 OtherExpensesSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK CHARGES 200      
    2% PORTFOLIO DEDUCTIONS 52,011 52,011    
    POSTAGE&DELIVERY 6      


    TY 2010 OtherIncomeSchedule2
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CENDANT RECOVERY 6,355 6,355  
    SECTION 988 LOSSES -186,194 -186,194  


    TY 2010 OtherIncreasesSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Description Amount
    CHANGE IN UNREALIZED GAINS/LOSSES 3,072,857


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 26,760 26,760    
    CONSULTING FEES 25,000      
    PROFESSIONAL FEES 28,875      


    TY 2010 TaxesSchedule
    Name:
    THE BLANK FAMILY FOUNDATION
    FOUNDATION INC
    EIN: 92-0185953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES 181 181    
    STATE TAX 19 19