Form990-PF
Click to see attachment

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
GEORGE AND FRANCES BALL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1408   Room/suite
City or town, state, and ZIP code
MUNCIE, IN47308
A Employer identification number

35-6033917
B Telephone number (see page 10 of the instructions)

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$87,541,619J 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 1,763 1,763 1,763
4 Dividends and interest from securities...... 1,929,053 1,929,053 1,929,053
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,347,708
b Gross sales price for all assets on line 6a 9,967,095
7 Capital gain net income (from Part IV, line 2)... 1,347,708
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........ 3,278,524 3,278,524 1,930,816
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,000     42,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 3,213     3,213
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 37,406 37,406 37,406  
c Other professional fees (attach schedule).... Click to see attachment 219,997 219,997 219,997  
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,500      
19 Depreciation (attach schedule) and depletion... Click to see attachment 309 309 309
20 Occupancy.............. 34,513     34,513
21 Travel, conferences, and meetings....... 979     979
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 1,904 1,904 1,904  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 344,821 259,616 259,616 80,705
25 Contributions, gifts, grants paid........ 3,745,169 3,745,169
26 Total expenses and disbursements. Add lines 24 and 25 4,089,990 259,616 259,616 3,825,874
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -811,466
b Net investment income (if negative, enter -0-) 3,018,908
c Adjusted net income (if negative, enter -0-)... 1,671,200
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...............      
2 Savings and temporary cash investments.......... 6,186,259 2,020,401 2,020,401
3 Accounts receivable bullet40
Less: allowance for doubtful accounts bullet   405 40 40
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) 4,648,096 Click to see attachment3,049,432 3,137,290
b Investments—corporate stock (attach schedule)........ 51,419,999 Click to see attachment52,950,162 67,910,679
c Investments—corporate bonds (attach schedule)........ 10,433,974 Click to see attachment13,856,760 14,472,393
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet15,065
Less: accumulated depreciation (attach schedule) bullet14,249 1,125 Click to see attachment816 816
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,689,858 71,877,611 87,541,619
Liabilities 17 Accounts payable and accrued expenses.......... 2,032 1,250
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)   Click to see attachment1
23 Total liabilities (add lines 17 through 22).......... 2,032 1,251
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 31,967,307 31,967,307
29 Retained earnings, accumulated income, endowment, or other funds 40,720,519 39,909,053
30 Total net assets or fund balances (see page 17 of the
instructions).................... 72,687,826 71,876,360
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 72,689,858 71,877,611
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 72,687,826
2 Enter amount from Part I, line 27a...................... 2 -811,466
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 71,876,360
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 71,876,360
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 11,542.013 Vanguard Short-Term Invest. Adm. Class P 2010-06-23 2010-12-06
b 200,000 Hamilton Cnty Redev. Dist Ban 1.750% 12-31-10 P 2010-06-25 2010-12-31
c 3,500 Noble Corporation P 2009-12-18 2010-12-14
d 2,500 Noble Corporation P 2010-02-16 2010-12-14
e 4,000 Alberto Culver Co. P 2009-12-18 2010-10-05
300,000 Federal Farm Credit Bank - 5.125% - 7/21/15 P 2009-09-21 2010-07-21
250,000 Wm Wrigley Jr. - 4.300% - 7-15-10 - Matured P 2010-06-02 2010-07-15
106,082.584 American Cent. Intl. Bond Fund P 2010-01-01 2010-06-10
2,060 J.M. Smucker Company P 2010-01-01 2010-06-02
Lucent Class Action Suit P 2009-01-01 2010-07-23
Worldcom Class Action Suit P 2009-01-01 2010-05-24
270,516.49 FHLMC FHR 3203 VA CMO - 5.000% 8-15-17 P 2007-12-06 2010-12-15
60,222.76 FHLMC CMO FHR - 5.125% 12-15-13 P 2006-06-26 2010-12-15
299,682.74 FHLMC CMO FHR - 5.500% - 10-15-30 P 2006-03-07 2010-12-15
157,059.6 FNMA PTP - 5.000% - 6-1-18 P 2005-03-17 2010-12-27
Vanguard Ttl. Bond Mkt. S.C. - LTG P 2009-01-01 2010-12-28
Artisan Midcap Value - Long-Term Gain P 2009-01-01 2010-12-20
7,000 Wells Fargo & Co. P 1996-12-13 2010-12-16
2,000 United Technologies P 1981-10-01 2010-12-14
6,000 US Bancorp Del Com P 2009-01-01 2010-12-14
2,000 First Merchants Corp. P 1982-04-29 2010-12-21
4,000 First Merchants Corp. P 1982-04-29 2010-12-08
1,500 Ball Corporation P 1982-04-29 2010-12-22
2,000 Ball Corporation P 1982-04-29 2010-12-15
3,000 Ball Corporation P 1982-04-29 2010-12-08
2,500 Noble Corporation P 2009-10-13 2010-12-14
273,328.24 FHLMC FHR 3203 VA CMO 5.000% 8-15-17 P 2007-12-06 2010-11-15
65,274.91 FHLMC CMO FHRR 5.125% 12-15-13 P 2006-06-26 2010-11-15
312,887.55 FHLMC CMO FHR 3033 - 5.500% 10-15-30 P 2006-03-07 2010-11-15
161,523.11 FNMA PTP - 5.000% - 6-1-18 P 2005-03-17 2010-11-26
600,000 Federal Farm Credit Bank P 2005-10-05 2010-11-02
1,000 Wells Fargo & Co. P 1996-12-13 2010-11-18
1,000 United Technologies P 1981-10-01 2010-11-18
1,000 Robert Half International P 2008-06-23 2010-11-08
3,000 Oracle Corporation P 2008-08-15 2010-11-08
1,000 Masco Corporation P 2009-01-01 2010-11-08
3,000 Lowe's Companies P 1998-07-16 2010-11-08
4,000 Johnson & Johnson P 2009-01-01 2010-11-08
400 IBM Corporation P 2009-01-01 2010-11-16
465,748.33 SMA Guar Pool - 5.110% - 4-25 P 2008-09-02 2010-10-01
276,128.32 FHLMC FHR VA CMO 5.000% - 8/15/17 P 2007-12-06 2010-10-15
69,907.44 FHLMC CMO FHRR - 50125 12/15/13 P 2006-06-26 2010-10-15
326,161.43 FHLMC CMO FHR 5.500% 10/15/30 P 2006-03-07 2010-10-15
166,220.89 FNMA - PTP - 5.000% 6/1/18 P 2005-03-17 2010-10-25
278,916.78 FHLMC FHR 3203 VA CMO 5.000% - 8-17 P 2007-12-06 2010-09-15
75,073.22 FHLMC CMO FHRR 5.125% - 12-13 P 2006-06-26 2010-09-15
339,504.75 FHLMC CMO FHR 5.500% - 10-30 P 2006-03-07 2010-09-15
170663.28 FNMA PTP - 5.000% - 6-18 P 2005-03-17 2010-09-27
1,000 Pepsico Inc. P 2009-01-01 2010-09-24
2,000 Lowes Companies P 1998-07-16 2010-09-24
1,000 Eli Lilly & Co. P 1997-09-11 2010-09-24
281,693.67 FHLMC FHR 3203 VA CMO 5% 8-15-17 P 2007-12-06 2010-08-16
78,885.11 FHLMC CMO FHRR 5.125% 12-15-13 P 2006-06-26 2010-08-16
350,000.00 FHLMC CMO FHR 5.5% 10-15-30 P 2006-03-07 2010-08-16
174,737.81 FNMA PTP - 5.000% 6-1-18 P 2005-03-17 2010-08-25
6,100 Walt Disney Company P 2009-01-01 2010-08-19
400 Walt Disney Company P 1993-12-20 2010-08-19
700 Walt Disney Company P 1993-12-20 2010-08-19
1,800 Walt Disney Company P 1993-12-20 2010-08-19
5,000 Covance Inc. P 2009-01-01 2010-08-19
1,000 Covance Inc. P 2006-09-21 2010-08-19
2,500 Ball Corporation P 1982-04-29 2010-08-16
5,743.02 GNMA CMO GNR - 4.500% - 9-16-31 P 2005-10-18 2010-07-19
284,459.04 FHLMC FHR 3203 VA CMO -5.000%-8-15-17 P 2007-12-06 2010-07-15
83,174.98 FHLMC CMO FHRR R0004-5.125% - 12-15-13 P 2006-06-26 2010-07-15
179,369.23 FNMA - PTP - 5.000% - 6-1-18 P 2005-03-17 2010-07-26
52,500 FHLB - 4.375% - 7-13-10 - Matured P 2005-06-29 2010-07-13
3,000 Principal Financial Group P 2009-01-01 2010-07-12
1,320 Frontier Communications P 1972-11-28 2010-07-19
2,040 Frontier Communications P 1990-10-26 2010-07-19
0.557 Frontier Communications P 1990-10-26 2010-07-15
1,500 Ball Corporation P 1982-04-29 2010-07-14
18487.18 GNMA CMO GNR - 4.500% - 9-31 P 2005-10-18 2010-06-16
287212.93 FHLMC FHR 3203 VA CMO-5.000% 8-17 P 2007-12-06 2010-06-15
87883.98 FHLMC CMO FHRRR - 5.125% - 12-13 P 2006-06-26 2010-06-15
184337.81 FNMA - PTP - 5.000 - 6-18 P 2005-03-17 2010-06-25
600,000 FHLB - 5.300 - 6/1/12 P 2007-06-12 2010-06-01
1,500 Principal Financial Group P 2009-01-01 2010-06-21
2,000 Lincoln National Corp. P 2006-09-21 2010-06-21
800 Kimberly Clark Corporation P 1990-11-01 2010-06-21
350 IBM Corporation P 2001-03-12 2010-06-21
300 IBM Corporation P 2001-03-12 2010-06-21
350 IBM Corporation P 2001-09-10 2010-06-21
5,000 Walt Disney Company P 1993-12-20 2010-06-21
34,275.71 GNMA CMO GNR 4.500% - 9-31 P 2005-10-18 2010-05-17
289,955.40 FHLMC FHR 3203 VA CMO 5.000% 8-17 P 2007-12-06 2010-05-17
92,566.23 FHLMC CMO FHRR - 5.125% - 12-13 P 2006-06-26 2010-05-17
188,595.13 FNMA PTP - 5.000% - 6-18 P 2005-03-17 2010-05-25
1,000 Kimberly Clark Corporation P 1990-11-01 2010-05-19
39,517.318 Federated MDT Midcap Growth Fund P 2009-01-01 2010-05-13
1,000 Donaldson Inc. P 2009-02-23 2010-05-19
511878.69 SMA Guar Pool - 5.110% - 4-25 P 2008-09-02 2010-04-01
53704.00 GNMA CMO GNR 4.500% - 9-31 P 2005-10-18 2010-04-16
292686.49 FHLMC FHR 3203 VA CMO 5.000% 8-17 P 2007-12-06 2010-04-15
98292.21 FHLMC CMO FHRR - 5.125% - 12-13 P 2006-06-26 2010-04-15
192307.74 FNMA PTP - 5.000% - 6-18 P 2005-03-17 2010-04-26
74,067.87 GNMA CMO GNR 4.500% - 9-31 P 2005-10-18 2010-03-16
295,406.24 FHLMC FHR 3203 VA CMO 5.000% 8-17 P 2007-12-06 2010-03-15
118,530.43 FHLMC CMO FHRR 5.125% - 12-13 P 2006-06-26 2010-03-15
196,860.6 FNMA PTP - 5.000% - 6-18 P 2005-03-17 2010-03-25
1,000 Emerson Electric P 2001-03-12 2010-03-02
2,000 Ball Corporation P 1982-04-29 2010-02-26
3,000 Ball Corporation P 1982-04-29 2010-02-25
97,431.93 GMMA CMO GNR 4.500% 9-31 P 2005-10-18 2010-02-16
298,114.71 FHLMC FHR 3203 VA CMO 5.000% 8-17 P 2007-12-06 2010-02-16
122,317.73 FHLMC CMO FHRR - 5.125% - 12-13 P 2006-06-26 2010-02-16
201,775.76 FNMA PTP - 5.000% - 6-18 P 2005-03-17 2010-02-25
1,000 Procter & Gamble Co. P 2009-01-01 2010-02-02
2,000 General Electric P 1982-04-29 2010-02-12
3,000 Ball Corporation P 1982-04-29 2010-02-17
1,300 AT&T P 2009-01-01 2010-02-04
141793.67 GNMA CMO GNR 4.500% - 9-31 P 2005-10-18 2010-01-19
300811.94 FHLMC FHR 3203 5.000% - 8-17 P 2007-12-06 2010-01-15
126959.92 FHLMC CMO FHRR 5.125% - 12-13 P 2006-06-26 2010-01-15
206286.25 FNMA PTP - 5.000% - 6-18 P 2005-03-17 2010-01-25
750,000 Wells Fargo Co. P 2004-12-09 2010-01-15
(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 125,000   123,615 1,385
b 200,000   200,000  
c 124,730   142,647 -17,917
d 89,093   102,141 -13,048
e 149,924   111,976 37,948
300,000   308,800 -8,800
250,000   250,595 -595
1,407,716   1,550,000 -142,284
114,177   125,603 -11,426
2,235     2,235
328     328
2,823   2,827 -4
5,093   4,974 119
13,136   13,103 33
4,584   4,612 -28
1,994     1,994
16,488     16,488
211,959   106,424 105,535
157,839   22,609 135,230
156,888   187,971 -31,083
17,470   2,671 14,799
36,211   5,341 30,870
103,502   3,087 100,415
137,012   4,116 132,896
202,308   6,173 196,135
89,093   102,485 -13,392
2,812   2,815 -3
5,052   4,935 117
13,205   13,172 33
4,464   4,491 -27
600,000   600,000  
27,560   15,203 12,357
75,259   11,305 63,954
28,001   25,050 2,951
86,642   69,359 17,283
11,550   24,622 -13,072
65,909   33,646 32,263
256,653   89,397 167,256
56,895   38,570 18,325
23,927   23,628 299
2,800   2,804 -4
4,633   4,525 108
13,274   13,241 33
4,698   4,727 -29
2,788   2,792 -4
5,166   5,046 120
13,343   13,310 33
4,442   4,470 -28
66,219   41,373 24,846
44,500   22,430 22,070
36,039   68,264 -32,225
2,777   2,780 -3
3,812   3,723 89
10,495   10,469 26
4,075   4,100 -25
202,970   135,626 67,344
13,310   10,866 2,444
23,292   19,016 4,276
59,893   48,898 10,995
198,158   321,438 -123,280
39,632   67,653 -28,021
141,392   5,144 136,248
5,743   5,470 273
2,765   2,769 -4
4,290   4,190 100
4,631   4,660 -29
525,000   525,000  
73,325   146,553 -73,228
9,559   6,781 2,778
14,769   17,065 -2,296
4   5 -1
83,363   3,087 80,276
12,744   12,139 605
2,754   2,757 -3
4,709   4,599 110
4,969   5,000 -31
600,000   594,060 5,940
39,659   82,541 -42,882
56,246   123,346 -67,100
50,239   19,968 30,271
45,850   33,911 11,939
39,300   29,067 10,233
45,850   33,943 11,907
176,883   135,827 41,056
15,789   15,039 750
2,742   2,746 -4
4,682   4,573 109
4,257   4,284 -27
61,274   24,961 36,313
394,541   500,000 -105,459
43,748   27,421 16,327
46,130   45,554 576
19,428   18,505 923
2,731   2,734 -3
5,726   5,593 133
3,713   3,736 -23
20,364   19,397 967
2,720   2,723 -3
20,238   19,767 471
4,553   4,581 -28
47,449   35,140 12,309
108,009   4,116 103,893
157,336   6,173 151,163
23,364   22,254 1,110
2,708   2,712 -4
3,787   3,699 88
4,915   4,946 -31
62,690   37,484 25,206
30,940   3,897 27,043
156,333   6,173 150,160
32,825   36,097 -3,272
44,362   42,255 2,107
2,697   2,701 -4
4,642   4,534 108
4,510   4,539 -29
750,000   757,657 -7,657
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,385
b        
c       -17,917
d       -13,048
e       37,948
      -8,800
      -595
      -142,284
      -11,426
      2,235
      328
      -4
      119
      33
      -28
      1,994
      16,488
      105,535
      135,230
      -31,083
      14,799
      30,870
      100,415
      132,896
      196,135
      -13,392
      -3
      117
      33
      -27
       
      12,357
      63,954
      2,951
      17,283
      -13,072
      32,263
      167,256
      18,325
      299
      -4
      108
      33
      -29
      -4
      120
      33
      -28
      24,846
      22,070
      -32,225
      -3
      89
      26
      -25
      67,344
      2,444
      4,276
      10,995
      -123,280
      -28,021
      136,248
      273
      -4
      100
      -29
       
      -73,228
      2,778
      -2,296
      -1
      80,276
      605
      -3
      110
      -31
      5,940
      -42,882
      -67,100
      30,271
      11,939
      10,233
      11,907
      41,056
      750
      -4
      109
      -27
      36,313
      -105,459
      16,327
      576
      923
      -3
      133
      -23
      967
      -3
      471
      -28
      12,309
      103,893
      151,163
      1,110
      -4
      88
      -31
      25,206
      27,043
      150,160
      -3,272
      2,107
      -4
      108
      -29
      -7,657
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 1,347,708
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 -154,737
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 4,425,642 75,039,084 0.05898
2008 4,983,695 90,306,961 0.05519
2007 4,682,875 102,961,125 0.04548
2006 4,672,356 97,011,929 0.04816
2005 4,722,114 95,652,062 0.04937
2 Total of line 1, column (d) ...................... 2 0.25718
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 0.05144
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 81,276,742
5 Multiply line 4 by line 3....................... 5 4,180,469
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 30,189
7 Add lines 5 and 6......................... 7 4,210,658
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,825,874
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 60,378
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 60,378
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 60,378
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 37,049
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 37,049
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 23,329
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 taxBullet0 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
 
No
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)bulletIN
    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 ofbulletBALL ASSOCIATES Telephone no.bullet (765) 741-5500
    Located atbulletP O BOX 1408MUNCIEIN ZIP+4bullet47308
    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
     
    No
    .........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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    TAMARA S PHILLIPS ASST TREASURER
    4.00     		0    
    7290 W CR 200 S
    YORKTOWN,IN47396
    NORMAN E BECK Executive Direc
    20.00     		42,000 3,213  
    3708 ALLEN COURT
    MUNCIE,IN47304
    THOMAS C BRACKEN Director
    1.00     		0    
    1713 N NORTH PARK AVE APT 3
    CHICAGO,IL60614
    RONALD K FAUQUHER Director
    1.00     		0    
    9001 W LONEBEECH DRIVE
    MUNCIE,IN47304
    JON H MOLL Director
    1.00     		0    
    2308 W WILSHIRE ROAD
    MUNCIE,IN47304
    ROBERT M SMITSON DIRECTOR
    1.00     		0    
    5200 W PINERIDGE RD
    MUNCIE,IN47304
    STEFAN S ANDERSON DIRECTOR
    1.00     		0    
    2705 W TWICKINGHAM DRIVE
    MUNCIE,IN47304
    JOAN McKEE Secretary & Dir
    1.00     		0    
    1012 N BRIAR ROAD
    MUNCIE,IN47304
    DOUGLAS J FOY TREASURER
    1.00     		0    
    PO BOX 1515
    MUNCIE,IN47308
    JOSEPH F WIESE Director
    1.00     		0    
    5915 FIFE TRAIL
    CARMEL,IN46033
    FRANK A BRACKEN PRESIDENT & DIR
    2.00     		0    
    5150 PLANTATION DRIVE
    INDIANAPOLIS,IN46250
    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  
    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
    82,486,179
    b
    Average of monthly cash balances.......................
    1b
    28,280
    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
    82,514,459
    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
     
    3
    Subtract line 2 from line 1d..........................
    3
    82,514,459
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    1,237,717
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    81,276,742
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    4,063,837
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,063,837
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    60,378
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    60,378
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,003,459
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    4,003,459
    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
    4,003,459
    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
    3,825,874
    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
    3,825,874
    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
    3,825,874
    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 4,003,459
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 3,537,368
    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$ 3,825,874
    a Applied to 2009, but not more than line 2a 3,537,368
    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)...     		0
    d Applied to 2010 distributable amount..... 288,506
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		3,714,953
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    KRIS GROSS
    PO BOX 1408
    MUNCIE,IN47308
    (765) 741-5500
    bThe form in which applications should be submitted and information and materials they should include:
    DESCRIPTION OF PROJECT, BUDGET, COPY OF IRS EXEMPTION LETTER
    cAny submission deadlines:
    APPLICATIONS ACCEPTED ANYTIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    MIDWEST & EDUCATIONAL MAJOR AREAS OF SUPPORT
    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
    MOTIVATE OUR MINDS
    PO BOX 384
    MUNCIE,IN47308     		    ENVIRONMENTAL DEMONSTRATION PROJECT 25,000
    FRIENDS OF THE LINCOLN COLLECTION OF IND
    PO BOX 11083
    FORT WAYNE,IN46855     		    LINCOLN GALLERY CONSTRUCTION/DIGITIZATION 50,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    576 GEIGER DR SUITE B
    ROANOKE,IN46783     		    FULL-TIME STAFF PERSON 10,000
    COMMUNITY ENHANCEMENT PROJECTS INC
    650 W MINNETRISTA BLVD
    MUNCIE,IN47303     		    PERFORMANCE CTR - CANAN COMMONS 60,000
    BALL STATE UNIVERSITY - MUSEUM OF ART
    BURSAR LOAN ADMINISTRATION
    MUNCIE,IN47306     		    PUBLICATION - HISTORY OF BSU MUSEUM 20,000
    MUNCIE CIVIC THEATER
    216 E MAIN STREET
    MUNCIE,IN47305     		    UNDERWRITE SCRIPTS/ROYALTIES/MUSIC 32,500
    ARTS PLACE INC
    PO BOX 804
    PORTLAND,IN47371     		    MUSICWORKS PROGRAM 40,000
    WHITES RESIDENTIAL & FAMILY SERVICES
    5233 S 50 E
    WABASH,IN46992     		    FAMILY LIFE CENTER 20,000
    SECOND HARVEST FOOD BANK
    6621 N OLD ST RD 3
    MUNCIE,IN47303     		    RELOCATION EXPENSES 40,000
    RILEY CHILDRENS FOUNDATION
    30 S MERIDIAN STREET STE 200
    INDIANAPOLIS,IN46204     		    DELAWARE COUNTY CHILDREN 1,500
    COMMUNITY FDTN OF MUNCIE & DELAWARE CO
    PO BOX 807
    MUNCIE,IN47308     		    PROJECT 2020 CONSULTANT 8,000
    BOY SCOUTS OF AMERICA
    300 S WALNUT ST
    MUNCIE,IN47305     		    MORE SCOUTS, MORE WAYS 25,000
    YWCA OF MUNCIE
    310 E CHARLES STREET
    CHILDRENS STUDY PLAY R,IN47305     		    ELECTRICAL SURVEY/BUILDING REPAIRS 9,500
    VSA OF INDIANA
    4105 NORTH WALNUT STREET
    MUNCIE,IN47303     		    WEEKLY ART ACTIVITIES 6,000
    UNITED WAY OF DELAWARE COUNTY INC
    PO BOX 968
    MUNCIE,IN47308     		    ANNUAL CAMPAIGN 200,000
    UNITED NEGRO COLLEGE FUND
    3737 NORTH MERIDIAN ST
    INDIANAPOLIS,IN46208     		    INDIANA MINORITY SCHOLARSHIPS 5,000
    TEAMWORK FOR QUALITY LIVING
    PO BOX 468
    MUNCIE,IN47308     		    RECRUITING, TRAINING, RELOCATION 14,500
    RED-TAIL CONSERVANCY INC
    PO BOX 8
    MUNCIE,IN47308     		    OPERATIONS/LIVING LIGHTLY 20,000
    MUNCIE SYMPHONY ORCHESTRA
    1419 WEST MARSH STREET
    MUNCIE,IN47306     		    OPERATIONS & MINNETRISTA CONCERT 39,000
    MINNETRISTA CULTURAL FOUNDATION INC
    1200 N MINNETRISTA PARKWAY
    MUNCIE,IN47303     		    OPERATIONS & CAPITAL/ENDOWMENT FUND 1,202,669
    MASTERWORKS CHORALE
    520 EAST MAIN STREET
    MUNCIE,IN47305     		    UNRESTRICTED 2,500
    KEUKA COLLEGE
    141 CENTRAL AVE
    KEUKA PARK,NY14478     		    GEORGE HARVEY BALL SCHOLARSHIP 50,000
    JR ACHIEVEMENT OF CENTRAL INDIANA
    7435 N KEYSTONE AVENUE
    INDIANAPOLIS,IN46240     		    ANNUAL OPERATIONS SUPPORT 3,000
    INDIANA COUNCIL FOR ECONOMIC EDUCATION
    615 WEST STATE STREET
    WEST LAFAYETTE,IN47907     		    BSU CENTER FOR ECONOMICS 10,000
    GREATER MUNCIE IN HABITAT FOR HUMANITY
    PO BOX 1119
    MUNCIE,IN47308     		    REVITALIZE NEIGHBORHOODS 20,000
    FUND FOR HOOSIER EXCELLENCE
    PO BOX 97
    INDIANAPOLIS,IN46246     		    MINORITY SCHOLARSHIPS FOR INDIANA STUDENTS 2,000
    FISHTOWN PRESERVATION SOCIETY INC
    PO BOX 721
    LELAND,MI49665     		    LAND PRESERVATION IN LELAND, MI 50,000
    ENERGIZE - ECI
    PO BOX 1912
    MUNCIE,IN47308     		    DEVELOP, ORGANIZE, ADMINISTER PROGRAMS 55,000
    ECI THERAPEUTIC RIDING INC
    8920 W CR 500 N
    MUNCIE,IN47304     		    OPERATIONS 1,500
    DELAWARE ADVANCEMENT CORPORATION
    PO BOX 842
    MUNCIE,IN47308     		    VISION 2011 60,000
    COLLEGE MENTORS FOR KIDS
    212 W 10TH STREET
    INDIANAPOLIS,IN46202     		    BSU CHAPTER FOR PROGRAMMING 5,000
    CHRISTIAN MINISTRIES OF DELAWARE COUNTY
    PO BOX 1088
    MUNCIE,IN47308     		    SLEEPING ROOM 15,000
    BALL STATE UNIVERSITY FOUNDATION
    DEPARTMENT OF JOURNALISM
    MUNCIE,IN47306     		    MIDWEST WRITER'S WORKSHOP 7,500
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47306     		    MARILYN K GLICK CENTER FOR GLASS 100,000
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47308     		    IMMERSIVE LEARNING/HONOR COLLEGE 1,535,000
    Total .................................bullet 3a 3,745,169
    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 1,763  
    4 Dividends and interest from securities....     14 1,929,053  
    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 1,347,708  
    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)..   3,278,524  
    13Total. Add line 12, columns (b), (d), and (e)...................
    133,278,524
    (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: 10000105
    Software Version: 2010v3.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BALL ASSOCIATES 37,406 37,406 37,406 0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    200000 KNOX CNTY OH LTD 12-19 200,000 189,484
    300000 ARKANSAS WATER & WASTE DISP 7-18 301,857 302,376
    260000 HAMILTON SE SCH 1-18 262,405 251,592
    250000 EVANSVILLE SEWER WKS 7-17 250,000 247,325
    300000 MARYLAND ST DOT 6-17 300,915 298,500
    320000 BRUNSWICK CO NC 4-17 320,000 321,421
    IPS MULTI SCB TAXABLE 1-17 400,000 402,816
    JOHNSON CO ECON DEV 12-16 250,000 250,000
    HARLINGEN TEX SCH BAB 8-16 360,000 354,038
    WAUKESHA CNTY WI 4-14 452,457 457,065
    VANGUARD SHORT TERM INVEST ADMIRAL 776,385 781,204
    VANGUARD TOTAL BOND MARKET SIGNAL CLASS 700,000 681,762
    FEDERATED TOTAL RETURN BOND 900,000 907,537
    400,000 INDIANA UNIVERSITY COP TAXABLE 401,600 398,268
    400,000 IVY TECH COLLEGE TAXABLE 400,000 411,732
    150,000 PURDUE UNIVERSITY COP TAXABLE 150,000 154,109
    430,000 LAKE GENEVA WISC SCH TAXABLE 430,000 443,261
    245,000 FAIRFIELD CO SC GO TAXABLE 245,000 256,856
    AMERICAN CENT INTERNATIONAL BOND FD    
    250,000 PRAXAIR 9-15 250,937 257,752
    VANGUARD INFLATION PROTECTED 1,560,000 1,724,359
    500000 LOWES COMPANIES 10-15 478,220 554,865
    500000 ABBOTT LABORATORIES 3-14 494,709 538,950
    500000 BERKSHIRE HATHAWAY 5-13 503,550 537,820
    750000 PAR WELLS FARGO 1-10    
    750000 PAR TARGET CORP NOTES 6-13 464,844 507,300
    600000 PAR PROCTER & GAMBLE 8-14 598,818 666,498
    300000 PAR OKLA CITY OK TAXABLE-FA 10-12 297,321 316,740
    600000 PAR JP MORGAN CHASE & CO 600,156 650,136
    300000 PAR GNMA CMO GNR 2004-47BB 9-31    
    265456 PAR FED NATL MTG ASN PTP 6-18 153,429 163,268
    350000 PAR FEDERAL HOME LN MTG CP 10-30 285,830 297,948
    332319 PAR FEDERAL HOME LOAN MTG 8-17 268,028 288,102
    193575 PAR FEDERAL HOME LOAN MTG 12-13 53,846 56,142
    750000 PAR CONOCOPHILLIPS CORP 746,453 803,167

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ITT CORPORATION 301,295 312,660
    HCC INSURANCE HLDGS 264,064 274,930
    BED BATH & BEYOND 306,241 368,625
    ADOBE SYSTEMS INC 217,808 240,084
    TRANSOCEAN LTD 123,833 104,265
    NORTHERN SMALL CAP VALUE 550,000 863,627
    S&P 600 SMALL CAP GROWTH ISHARES 343,894 469,294
    S&P 600 SMALL CAP VALUE ISHARES 339,289 442,843
    ISHARES S&P SMALL CAP 600 149,795 234,168
    VF CORP 273,213 370,574
    3M COMPANY 149,476 172,600
    JM SMUCKER COMPANY 265,308 328,250
    NOBLE CORPORATION    
    MDU RES GROUP INC 242,313 273,645
    ECOLAB INC 245,639 363,024
    DONALDSON INC 162,289 320,540
    CHUBB CORP 380,847 506,940
    BECTON DICKINSON & CO 262,228 295,820
    BAXTER INTERNATIONAL INC 260,856 278,410
    BAKER HUGHES INC 311,334 457,360
    APACHE CORP 338,905 417,305
    ALLIANT CORP 253,109 349,315
    ALBERTO CULVER CO NEW    
    VANGUARD FTSE ALL WORLD EXUS ETF 4,034,977 3,928,895
    BLACK ROCK SMALL CAP GROWTH 650,000 734,512
    S&P 400 MIDCAP VALUE ISHARES 1,194,531 1,457,297
    S&P 400 MIDCAP GROWTH ISHARES 1,162,842 1,519,865
    FEDERATED MDT MIDCAP GROWTH    
    COLUMBIA MIDCAP VALUE 1,200,000 1,299,162
    ROBERT HALF INTERNATIONAL 119,079 153,000
    PRINCIPAL FINANCIAL GROUP    
    NORTHERN TR CORP 379,046 332,460
    ENDO PHARM HLDG INC 230,910 339,245
    BEST BUY COMPANY INC 300,358 257,175
    BANK OF NEW YORK MELLON CORP 327,232 302,000
    VANGUARD INTL GROWTH 3,250,000 3,130,394
    MSCI EAFE INDEX ISHARES 2,038,550 1,595,228
    FID ADV DIV INTL FUND 2,900,000 1,960,298
    DODGE & COX INTERNATIONAL STOCK 4,945,000 3,930,042
    ISHARES RUSSELL 2000 600,084 609,098
    S&P 400 MIDCAP SPDR 549,694 596,965
    FIRST AMERICAN MIDCAP GROWTH 1,500,000 1,779,308
    ARTISAN MID CAP VALUE FUND 1,320,000 1,526,447
    WELLS FARGO & CO 182,441 371,880
    WAL-MART STORES 121,409 620,195
    VERIZON COMMUNICATIONS 339,726 500,920
    VECTREN CORP 335,949 355,320
    UNITED TECHNOLOGIES 180,876 1,259,520
    US BANCORP DEL 562,433 539,400
    SYSCO CORP 181,725 588,000
    STRYKER CORP 503,098 563,850
    STAPLES INC 436,398 500,940
    SOUTHERN CO 391,661 535,220
    SCHLUMBERGER LTD 400,846 1,252,500
    MSCI ACWI SPDR 3,285,285 2,829,111
    PROCTOR & GAMBLE 253,818 964,950
    T ROWE PRICE GROUP INC 464,322 968,100
    PFIZER INC 701,625 452,896
    PEPSICO INC 381,340 979,950
    ORACLE CORP 263,720 406,900
    NVIDIA CORP 326,483 323,400
    MICROCHIP TECHNOLOGY 371,594 410,520
    MICROSOFT CORPORATION 574,435 669,840
    MEDTRONIC INCORPORATED 523,221 370,900
    MASCO CORP 194,388 139,260
    LOWE'S COMPANIES 388,994 877,800
    LINCOLN NATIONAL CORP IND    
    ELI LILLY & CO 540,049 280,320
    KOHL'S CORP 612,069 624,910
    KIMBERLY CLARK 129,795 327,808
    JOHNSON & JOHNSON 200,207 865,900
    JP MORGAN CHASE & CO 562,691 848,400
    BIOTECHNOLOGY I SHARES 398,872 513,810
    IBM CORP 304,772 528,336
    INTEL CORP 146,730 630,900
    HEWLETT PACKARD 179,401 336,800
    HARRIS CORP DEL 435,759 430,350
    GRACO INC 369,337 433,950
    GENERAL ELECTRIC 48,110 457,250
    FIRST MERCHANTS CORP 121,519 806,260
    EXXON MOBIL 207,197 1,096,800
    EMERSON ELECTRIC 328,956 886,135
    DU PONT EL DE NEMOURS 317,012 399,040
    DISNEY (WALT) CO    
    DANAHER CORP 376,749 660,380
    COVANCE INC    
    CONOCOPHILLIPS 283,128 749,100
    COLGATE PALMOLIVE CO 267,917 321,480
    CISCO SYSTEMS 757,025 706,027
    CHEVRON CORP 491,234 1,277,500
    BALL CORP 70,994 2,347,725
    AUTOMATIC DATA PROCESSING 653,991 1,087,580
    ABBOTT LABS 622,565 747,396
    AT&T INC 239,592 587,600
    ACCENTURE LTD 474,665 581,880

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    US Government Securities - End of Year Book Value:

    3,049,432
    US Government Securities - End of Year Fair Market Value:

    3,137,290
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 LandEtcSchedule2
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 15,065 14,249 816 816


    TY 2010 OtherExpensesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 1,904 1,904 1,904  


    TY 2010 OtherLiabilitiesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding   1


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 219,997 219,997 219,997 0


    TY 2010 TaxesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 4,500