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 10-01-2010 , and ending 09-30-2011
G
Check all that apply:
Name of foundation
SHEPHERD FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1800 BRIARCLIFF ROAD NE   Room/suite
City or town, state, and ZIP code
ATLANTA, GA30329
A Employer identification number

58-6065260
B Telephone number (see page 10 of the instructions)

(404) 325-9350
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$2,098,674J 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      
4 Dividends and interest from securities...... 79,529 79,529  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 83,864
b Gross sales price for all assets on line 6a 2,009,711
7 Capital gain net income (from Part IV, line 2)... 83,864
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........ 163,393 163,393  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,760 2,760   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 560 50   0
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 8,850 8,850   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,170 11,660   0
25 Contributions, gifts, grants paid........ 108,492 108,492
26 Total expenses and disbursements. Add lines 24 and 25 120,662 11,660   108,492
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 42,731
b Net investment income (if negative, enter -0-) 151,733
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............... 55,784 17,511 17,511
2 Savings and temporary cash investments.......... 70,442 16,167 16,167
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) 34,933 Click to see attachment34,261 36,119
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............. 181,373 158,016 158,016
13 Investments—other (attach schedule)........... 1,832,450 Click to see attachment1,991,758 1,870,861
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) 2,174,982 2,217,713 2,098,674
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 2,174,982 2,174,982
29 Retained earnings, accumulated income, endowment, or other funds 0 42,731
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,174,982 2,217,713
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,174,982 2,217,713
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 2,174,982
2 Enter amount from Part I, line 27a...................... 2 42,731
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,217,713
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 2,217,713
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 SECURITY LITIGATION PROCEEDS -- ENRON CLASS ACTION P   2011-06-24
b 315.288 SHS GOLDMAN SACHS GROWTH OPPTYS P   2011-01-27
c 91.593 SHS INVESCO SMALL CAP GROWTH P   2011-01-27
d 4 SHS ISHARES TR BARCLAYS TIPS BD ETF P   2011-01-27
e 140.963 SHS PIMCO COMMODITY REAL RTN STRATEGY P   2011-01-27
18,611.624 SHS PIMCO TOTAL RETURN P   2011-01-27
144.707 SHS RIDGEWORTH FD-LARGECAP VAL EQTY P   2011-01-27
698.619 SHS RIDGEWORTH FD-MIDCAP VAL EQTY P   2011-01-27
4,380 SHS RIDGEWORTH FD-SEIX HIGH YIELD P   2011-01-27
6,411.058 SHS RIDGEWORTH FD-TOTAL RETURN BD P   2011-01-27
1,293.265 SHS T ROWE PRICE REAL ESTATE FD P   2011-01-27
1,956.26 SHS JANUS PERKINS SMALL CAP VALUE P   2011-03-29
162 SHS ISHARES TR BARCLAYS TIPS BD ETF P   2011-04-20
4,268.977 SHS PIMCO INVT GRADE CORP BD P   2011-04-18
3,885.974 SHS PIMCO LOW DURATION P   2011-04-18
3,197.356 SHS PIMCO TOTAL RETURN P   2011-04-18
2,187.206 SHS RIDGEWORTH FD-LTD MTG SEC P   2011-04-18
2,563.676 SHS RIDGEWORTH FD-SEIX FLT HGH INC P   2011-04-18
1,508.876 SHS RIDGEWORTH FD-SEIX HIGH YIELD P   2011-04-18
9,418.103 SHS RIDGEWORTH FD-TOTAL RETURN BD P   2011-04-18
2,436.824 SHS TEMPLETON GLOBAL BD P   2011-04-18
853.427 SHS GOLDMAN SACHS GROWTH OPPTYS P   2011-05-25
6,012.886 SHS HARBOR CAP APPRECIATION P   2011-05-25
1,437.061 SHS HARTFORD DIVIDEND & GROWTH P   2011-05-25
29,200.285 SHS JPMORGAN TR I US EQUITY P   2011-05-25
702.62 SHS LEGG MASON BATTERY MRC EMRG MKTS P   2011-05-25
1,980.625 SHS MFS RESEARCH INTL P   2011-05-25
662.58 SHS PIMCO COMMODITY REAL RTN STRATEGY P   2011-05-25
4,032.295 SHS PIMCO LOW DURATION P   2011-05-25
3,153.918 SHS PIMCO TOTAL RETURN P   2011-05-25
2,145.53 SHS RIDGEWORTH FD-LARGECAP VAL EQTY P   2011-05-25
2,310.436 SHS RIDGEWORTH FD-LTD MTG SECS P   2011-05-25
1,751.716 SHS RIDGEWORTH FD-MIDCAP VAL EQTY P   2011-05-25
10,070.204 SHS RIDGEWORTH FD-TOTAL RETURN BD P   2011-05-25
8,082.527 SHS THE JENSEN PORTFOLIO P   2011-05-25
2,487.268 SHS RIDGEWORTH FD-AGGRESSIVE GRWTH P   2011-08-08
2,318.382 SHS RIDGEWORTH FD-AGGRESSIVE GRWTH P   2011-08-10
2,158.164 SHS RIDGEWORTH FD-AGGRESSIVE GRWTH P   2011-08-11
44.478 SHS ADVISORS CAMBIAR SMALL CAP P   2011-09-19
54.601 SHS GOLDMAN SACHS GROWTH OPPTYS P   2011-09-19
79.891 SHS HARTFORD DIVIDEND & GROWTH P   2011-09-19
31.071 SHS INVESCO SMALL CAP GROWTH P   2011-09-19
4 SHS ISHARES TR BARCLAYS TIPS BD ETF P   2011-09-21
75 SHS ISHARES RUSSELL 1000 GROWTH INDEX P   2011-09-21
24 SHS ISHARES S & P 500 INDEX FD P   2011-09-21
56.501 SHS LEGG MASON BATTERY MRC EMRG MKTS P   2011-09-19
106.885 SHS MFS RESEARCH INTL P   2011-09-19
67.102 SHS PIMCO COMMODITY REAL RTN STRATEGY P   2011-09-19
100 SHS PIMCO INVT GRADE CORP BD P   2011-09-19
109.328 SHS RIDGEWORTH FD-LARGECAP VAL EQTY P   2011-09-19
88.027 SHS RIDGEWORTH FD-MIDCAP VAL EQTY P   2011-09-19
62.924 SHS RIDGEWORTH FD-SEIX FLT HGH INCM P   2011-09-19
34.497 SHS RIDGEWORTH FD-SEIX HIGH YIELD P   2011-09-19
60.693 SHS TEMPLETON GLOBAL BD P   2011-09-19
20 SHS VANGUARD BD INDEX SHORT TERM BD ETF P   2011-09-21
41 SHS VANGUARD BD INDEX TOTAL BD MKT ETF P   2011-09-21
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 381     381
b 7,775   6,631 1,144
c 2,800   2,257 543
d 428   431 -3
e 1,300   1,116 184
201,750   212,795 -11,045
1,900   1,612 288
8,600   9,228 -628
43,800   41,654 2,146
66,675   71,179 -4,504
23,085   20,505 2,580
48,946   43,008 5,938
17,828   17,273 555
45,550   44,824 726
40,725   40,414 311
35,075   36,450 -1,375
23,250   23,184 66
23,150   23,201 -51
15,300   14,349 951
98,325   103,599 -5,274
33,750   32,824 926
21,916   22,163 -247
232,999   196,028 36,971
29,043   29,187 -144
308,939   270,315 38,624
16,624   17,523 -899
32,304   32,779 -475
6,215   6,513 -298
42,379   41,936 443
34,788   35,955 -1,167
28,557   28,814 -257
24,930   24,491 439
21,949   22,215 -266
106,643   110,772 -4,129
232,049   203,028 29,021
34,772   39,523 -4,751
31,530   36,839 -5,309
28,272   34,293 -6,021
725   848 -123
1,240   1,407 -167
1,462   1,611 -149
911   1,038 -127
461   442 19
4,258   4,528 -270
2,926   3,176 -250
1,169   1,409 -240
1,537   1,735 -198
565   659 -94
1,062   1,079 -17
1,301   1,348 -47
919   944 -25
538   569 -31
326   350 -24
806   838 -32
1,630   1,619 11
3,424   3,339 85
10,149     10,149
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       381
b       1,144
c       543
d       -3
e       184
      -11,045
      288
      -628
      2,146
      -4,504
      2,580
      5,938
      555
      726
      311
      -1,375
      66
      -51
      951
      -5,274
      926
      -247
      36,971
      -144
      38,624
      -899
      -475
      -298
      443
      -1,167
      -257
      439
      -266
      -4,129
      29,021
      -4,751
      -5,309
      -6,021
      -123
      -167
      -149
      -127
      19
      -270
      -250
      -240
      -198
      -94
      -17
      -47
      -25
      -31
      -24
      -32
      11
      85
      10,149
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 83,864
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 98,465 1,935,645 0.050869
2008 93,731 1,505,014 0.062279
2007 99,360 1,775,255 0.055969
2006 94,661 1,788,991 0.052913
2005 83,346 1,509,375 0.055219
2 Total of line 1, column (d) ...................... 2 0.277249
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 0.055450
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,179,292
5 Multiply line 4 by line 3....................... 5 120,842
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,517
7 Add lines 5 and 6......................... 7 122,359
8 Enter qualifying distributions from Part XII, line 4.............. 8 108,492
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 3,035
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 3,035
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,035
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 701
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.............. 7 701
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,334
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)bulletGA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLOUISE PINCKARD Telephone no.bullet (404) 325-9350
    Located atbullet1800 BRIARCLIFF RD NEATLANTAGA ZIP+4bullet30329
    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
    J HAROLD SHEPHERD CHAIRMAN
    0.25     		0 0 0
    PO BOX 8088 STATION F
    ATLANTA,GA311068088
    W CLYDE SHEPHERD SECRETARY
    0.25     		0 0 0
    PO BOX 8088 STATION F
    ATLANTA,GA311068088
    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
    2,108,054
    b
    Average of monthly cash balances.......................
    1b
    104,425
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,212,479
    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
    2,212,479
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    33,187
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,179,292
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    108,965
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    108,965
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,035
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,035
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    105,930
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    105,930
    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
    105,930
    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
    108,492
    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
    108,492
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    108,492
    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 7 105,930
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 9,435
    b From 2006....... 8,369
    c From 2007....... 11,409
    d From 2008....... 19,384
    e From 2009....... 2,384
    fTotal of lines 3a through e......... 50,981
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 108,492
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 105,930
    e Remaining amount distributed out of corpus 2,562
    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 53,543
    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) .............     		9,435
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		44,108
    10 Analysis of line 9:
    a Excess from 2006.... 8,369
    b Excess from 2007.... 11,409
    c Excess from 2008.... 19,384
    d Excess from 2009.... 2,384
    e Excess from 2010.... 2,562
    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).)
    J HAROLD SHEPHERD
    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:
    MR J HAROLD SHEPHERD SHEPHERD FOUND
    PO BOX 8088 STATION F
    ATLANTA,GA310068088
    (404) 325-9350
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER REQUEST IS ACCEPTABLE. STATE PURPOSE AND DETAILS. THE FOUNDATION HAS NO FORMAL APPLICATION FORM.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ACTIVITIES ARE NOT CLASSIFIED ACCORDING TO PURPOSE. THE EXCLUSIVE PURPOSE OF ALL DONATIONS ARE STRICTLY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCTIONAL FUNCTIONS AS WILL PROMOTE THE ADVANCEMENT AND WELL-BEING OF MANKIND. NO RESTRICTIONS ARE PLACED ON ANY DONATION.
    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
    ACTION AID INTERNATIONAL
    1420 K STREET NW STE 900
    WASHINGTON,DC20005     		NONE 501(C)(3) GENERAL FUND 100
    AGNES SCOTT COLLEGE
    141 EAST COLLEGE AVENUE
    DECATUR,GA30030     		NONE 501(C)(3) GENERAL FUND 100
    TOMMY ADREDGE MEMORIAL FUND
    468 IVY PARK LANE NE
    ATLANTA,GA30342     		NONE 501(C)(3) GENERAL FUND 300
    ALPHA SIGMA FOUNDATION
    PO BOX 876
    ITHACA,NY14851     		NONE 501(C)(3) GENERAL FUND 100
    ALPHA UPSILON DELTA EDUCATIONAL FOUNDATION
    9468 KINGS FALLS DRIVE
    CHARLOTTE,NC28210     		NONE 501(C)(3) GENERAL FUND 550
    AMERICAN CANCER SOCIETY
    6600 ABERCORN STREET STE 206
    SAVANNAH,GA31405     		NONE 501(C)(3) GENERAL FUND 67
    ATLANTA HUMANE SOCIETY & SPCA
    981 HOWELL MILL ROAD NE
    ATLANTA,GA30309     		NONE 501(C)(3) GENERAL FUND 2,000
    ATLANTA SPEECH SCHOOL
    3160 NORTHSIDE PARKWAY NW
    ATLANTA,GA30327     		NONE 501(C)(3) GENERAL FUND 1,000
    BIG BROTHERS BIG SISTERS OF METRO ATLANTA
    100 EDGEWOOD AVENUE STE 710
    ATLANTA,GA30303     		NONE 501(C)(3) GENERAL FUND 1,000
    CARE
    151 ELLIS STREET
    ATLANTA,GA30303     		NONE 501(C)(3) GENERAL FUND 200
    CAMP SEA GULL AND CAMP SEAFARER ANNUAL FUND
    218 SEA GULL LANDING
    ARAPAHOE,NC28510     		NONE 501(C)(3) GENERAL FUND 1,000
    CAMP SUNSHINE PROGRAMS FOR CHILDREN WITH CANCER
    1850 CLAIRMONT ROAD
    DECATUR,GA30033     		NONE 501(C)(3) GENERAL FUND 2,500
    CAMP TWIN LAKES
    600 MEANS STREET STE 110
    ATLANTA,GA30318     		NONE 501(C)(3) GENERAL FUND 200
    CHEMOFLAGE INC
    5602 BROOK RIDGE DRIVE
    DUNWOODY,GA30338     		NONE 501(C)(3) GENERAL FUND 500
    CHI PSI EDUCATIONAL TRUST INC
    45 RUTLEDGE STREET
    NASHVILLE,TN30210     		NONE 501(C)(3) GENERAL FUND 200
    COMPASSION INTERNATIONAL
    12290 VOYAGER PARKWAY
    COLORADO SPRINGS,CO80921     		NONE 501(C)(3) GENERAL FUND 200
    CONVERSE COLLEGE
    580 EAST MAIN
    SPARTANBURG,SC29302     		NONE 501(C)(3) GENERAL FUND 200
    EAGLE RANCH FOUNDATION INC
    PO BOX 7200
    CHESTNUT MOUNTAIN,GA30402     		NONE 501(C)(3) GENERAL FUND 100
    GEORGIA STATE UNIVERSITY -- EDUCATIONAL FOUNDATION INC
    PO BOX 4036
    ATLANTA,GA30302     		NONE 501(C)(3) GENERAL FUND 500
    EMORY UNIVERSITY -- ALZHEIMER'S DISEASE RESEARCH CENTER
    1440 CLIFTON ROAD NE STE 170
    ATLANTA,GA30324     		NONE 501(C)(3) GENERAL FUND 500
    FEED MY LAMBS INC
    3785 PACES FERRY ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) GENERAL FUND 200
    FERNBANK MUSEUM OF NATURAL HISTORY
    767 CLIFTON ROAD NE
    ATLANTA,GA30307     		NONE 501(C)(3) GENERAL FUND 1,500
    FIRST PRESBYTERIAN CHURCH OF ATLANTA
    1328 PEACHTREE STREET NE
    ATLANTA,GA30309     		NONE 501(C)(3) GENERAL FUND 2,000
    FRIENDS OF HOWARD YOUNG FOR ENDING PANCREATIC CANCER -- GLOBAL CURE ATLANTA
    7560 INDUSTRIAL COURT
    ALPHARETTA,GA30004     		NONE 501(C)(3) GENERAL FUND 500
    THE GEORGIA METH PROJECT
    3625 CUMBERLAND BLVD STE 980
    ATLANTA,GA30339     		NONE 501(C)(3) GENERAL FUND 2,500
    GEORGIA PUBLIC POLICY FOUNDATION
    6100 LAKE FORREST DRIVE NW STE 110
    ATLANTA,GA30328     		NONE 501(C)(3) GENERAL FUND 1,500
    GEORGE WEST MENTAL HEALTH FOUNDATION
    1903 N DRUID HILLS ROAD
    ATLANTA,GA30319     		NONE 501(C)(3) GENERAL FUND 2,000
    GWINNETT PARKS FOUNDATION
    PO BOX 3475
    LILBURN,GA30048     		NONE 501(C)(3) GENERAL FUND 1,000
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENUE NE
    WASHINGTON,DC20002     		NONE 501(C)(3) GENERAL FUND 600
    INTERNATIONAL JUSTICE MISSION
    PO BOX 58147
    WASHINGTON,DC20037     		NONE 501(C)(3) GENERAL FUND 200
    JACKSON ELEMENTARY SCHOOL
    1325 MT PARAN ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) GENERAL FUND 1,000
    JUVENILE DIABETES RESEARCH FOUNDATION
    3525 PIEDMONT RD BLDG 6 STE 300
    ATLANTA,GA30305     		NONE 501(C)(3) GENERAL FUND 100
    THE LOVETT SCHOOL
    4075 PACES FERRY ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) GENERAL FUND 500
    MISSION HEALTHCARE FOUNDATION
    980 HENDERSONVILLE ROAD STE C
    ASHVILLE,NC28803     		NONE 501(C)(3) GENERAL FUND 100
    MOUNTAIN RETREAT ASSOC MONTREAT PRESBYTERIAN CONFERENCE CTR DEVELOPMENT
    PO BOX 969
    MONTREAT,NC28757     		NONE 501(C)(3) GENERAL FUND 1,200
    MOUNTFIELD PARISH PAROCHIAL CHURCH COUNCIL - THE OLD COTTAGE
    MACKEREL HILL
    PEASMARSH,EAST SUSSEXTN316TB
    UK     		NONE 501(C)(3) GENERAL FUND 100
    NAMI
    3903 N FAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		NONE 501(C)(3) GENERAL FUND 200
    NATIONAL MENTAL HEALTH ASSOCIATION
    2000 N BEAUREGARD STREET STE 600
    ALEXANDRIA,VA22311     		NONE 501(C)(3) GENERAL FUND 200
    NORTHEAST GEORGIA COUNCIL -- BOY SCOUTS OF AMERICA
    PO BOX 399
    JEFFERSON,GA30549     		NONE 501(C)(3) GENERAL FUND 1,000
    NORTHSIDE YOUTH ORGANIZATION INC
    PO BOX 420486
    ATLANTA,GA30342     		NONE 501(C)(3) GENERAL FUND 1,000
    PROJECT OPEN HAND
    176 OTTLEY DRIVE NE
    ATLANTA,GA30324     		NONE 501(C)(3) GENERAL FUND 175
    OUR LADY OF PERPETUAL HELP HOME
    760 POLLARD BLVD SW
    ATLANTA,GA30315     		NONE 501(C)(3) GENERAL FUND 350
    GEORGIA INSTITUTE OF TECHNOLOGY -- OVARIAN CANCER INSTITUTE
    425 NORTH AVENUE 4TH FLOOR
    ATLANTA,GA30332     		NONE 501(C)(3) GENERAL FUND 1,950
    PACE ACADEMY INC
    966 WEST PACES FERRY ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) GENERAL FUND 10,000
    PACE ACADEMY INC
    966 WEST PACES FERRY ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) ANNUAL FUND 1,500
    PACE ACADEMY INC
    966 WEST PACES FERRY ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) BOOSTER CLUB 500
    PEACHTREE PRESBYTERIAN CHURCH
    3434 ROSWELL ROAD NW
    ATLANTA,GA30305     		NONE 501(C)(3) GENERAL FUND 13,550
    PEACHTREE PRESBYTERIAN WOMEN
    3434 ROSWELL ROAD NW
    ATLANTA,GA30305     		NONE 501(C)(3) GENERAL FUND 250
    PISGAH LEGAL SERVICES
    PO BOX 2276
    ASHVILLE,NC28802     		NONE 501(C)(3) GENERAL FUND 100
    POPULATION SERVICES INTERNATIONAL
    1120 19TH STREET NW STE 600
    WASHINGTON,DC20036     		NONE 501(C)(3) GENERAL FUND 200
    PRESBYTERIAN COLLEGE
    PO BOX 975
    CLINTON,SC29325     		NONE 501(C)(3) GENERAL FUND 15,000
    PRESBYTERIAN HERITAGE CENTER
    PO BOX 207
    MONTREAT,NC28757     		NONE 501(C)(3) GENERAL FUND 6,000
    ROADSAFE AMERICA
    PO BOX 191502
    ATLANTA,GA31119     		NONE 501(C)(3) GENERAL FUND 100
    SHEPHERD CENTER FOUNDATION
    2020 PEACHTREE ROAD NW
    ATLANTA,GA30309     		NONE 501(C)(3) GENERAL FUND 24,000
    ST PAUL'S ON THE GREEN EPISCOPAL CHURCH
    60 EAST AVENUE
    NORWALK,CT06851     		NONE 501(C)(3) GENERAL FUND 200
    THORNWELL HOME FOR CHILDREN
    302 SOUTH BROAD STREET
    CLINTON,SC29325     		NONE 501(C)(3) GENERAL FUND 200
    TRINITY PRESBYTERIAN CHURCH
    3003 HOWELL MILL ROAD
    ATLANTA,GA30327     		NONE 501(C)(3) SCOUT HUT PROJECT 500
    UBUNTU EDUCATION FUND INC
    32 BROADWAY
    NEW YORK,NY10004     		NONE 501(C)(3) GENERAL FUND 300
    UNIVERSITY OF NORTH CAROLINA CHAPEL HILL -- OFFICE OF UNIV DEVELOPMENT
    PO BOX 309
    CHAPEL HILL,NC27514     		NONE 501(C)(3) GENERAL FUND 100
    UNIVERSITY OF NORTH CAROLINA KENAN-FLAGLER BUSINESS SCHOOL
    CAMPUS BOX 3490 - UNC
    CHAPEL HILL,NC27599     		NONE 501(C)(3) GENERAL FUND 100
    UNICEF
    125 MAIDEN LANE 11TH FLOOR
    NEW YORK,NY10038     		NONE 501(C)(3) GENERAL FUND 200
    WAKE FOREST UNIVERSITY
    PO BOX 7227
    WINSTON SALEM,NC27109     		NONE 501(C)(3) GENERAL FUND 1,000
    WESTMINSTER SCHOOLS INC
    1424 WEST PACES FERRY ROAD NW
    ATLANTA,GA30327     		NONE 501(C)(3) GENERAL FUND 1,000
    WOODRUFF ARTS CENTER
    1280 PEACHTREE STREET NE
    ATLANTA,GA30309     		NONE 501(C)(3) GENERAL FUND 2,500
    Total .................................bullet 3a 108,492
    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 79,529  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 83,864  
    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).. 0 163,393 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13163,393
    (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:
    SHEPHERD FOUNDATION INC
    EIN: 58-6065260
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 2,760 2,760   0

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    SHEPHERD FOUNDATION INC
    EIN: 58-6065260
    US Government Securities - End of Year Book Value:

    34,261
    US Government Securities - End of Year Fair Market Value:

    36,119
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    SHEPHERD FOUNDATION INC
    EIN: 58-6065260
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RIDGEWORTH FD MIDCAP VAL EQUITY AT COST 65,909 67,188
    GOLDMAN SACHS TR GROWTH OPPORTUNITIES FUND AT COST 92,942 90,617
    HARBOR FUND CAP APPRECIATION AT COST 0 0
    HARTFORD MUTUAL DIVIDEND & GROWTH FUND AT COST 112,952 111,509
    INVESCO GROWTH SERIES SMALL CAP GROWTH FUND AT COST 66,749 66,763
    JANUS FUNDS PERKINS SMALL CAP VALUE FUND AT COST 0 0
    JPMORGAN US EQUITY FUND AT COST 0 0
    LEGG MASON GLOBAL TR BATTERYMARCH EMERGING MARKETS AT COST 103,245 83,675
    MFS FUNDS RESERACH INTERNATIONAL FUND AT COST 122,669 116,511
    PIMCO FUNDS COMMODITY REALRETURN STRATEGY AT COST 43,187 39,945
    PIMCO FUNDS TOTAL RETURN FUND AT COST 0 0
    T ROWE PRICE REAL ESTATE FUND AT COST 0 0
    JENSEN PORTFOLIO INC CL I AT COST 0 0
    RIDGEWORTH FD LARGECAP VAL EQUITY AT COST 98,663 97,826
    RIDGEWORTH FD SEIX HIGH YIELD AT COST 27,552 25,539
    RIDGEWORTH FD TOTAL RETURN AT COST 0 0
    RIDGEWORTH FD SEIX FLTG RT HIGH INCOME AT COST 46,013 43,258
    ISHARES TR RUSSELL 1000 GROWTH INDEX FUND AT COST 352,296 317,163
    ISHARES TR S&P 500 INDEX FD AT COST 246,777 212,032
    VANGUARD BD INDEX FUNDS SHORT TERM BD ETF AT COST 124,505 125,224
    VANGUARD BD INDEX FUNDS INC TOTAL BD MARKET ETF AT COST 266,635 274,165
    ADVISORS INNER CIRCLE FD CAMBIAR SMALL CAP FD INSTL CL AT COST 68,441 52,351
    PIMCO FDS PAC INVT MGMT SER INVT GRADE CORP BD FD AT COST 86,271 84,973
    TEMPLETON INCOME TR GLOBAL BD FD ADVISOR AT COST 66,952 62,122

    TY 2010 OtherExpensesSchedule
    Name:
    SHEPHERD FOUNDATION INC
    EIN: 58-6065260
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES SUNTRUST 8,850 8,850   0


    TY 2010 TaxesSchedule
    Name:
    SHEPHERD FOUNDATION INC
    EIN: 58-6065260
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL CORPORATE REGISTRATION FEES 50 50   0
    FEDERAL EXCISE TAX 510 0   0