Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
ELSIE S BARTON TA - IRREV
 

Number and street (or P.O. box number if mail is not delivered to street address)ONE M T PLAZA 8TH FLOOR   Room/suite
City or town, state, and ZIP code
BUFFALO, NY14203
A Employer identification number

52-6241137
B Telephone number (see page 10 of the instructions)

(716) 842-5506
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$5,614,226J 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...... 68,030 67,457  
5a Gross rents.............. 28,556 28,556 28,556
b Net rental income or (loss) -34,652
6a Net gain or (loss) from sale of assets not on line 10 29,494
b Gross sales price for all assets on line 6a 1,218,883
7 Capital gain net income (from Part IV, line 2)... 29,494
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 126,080 125,507 28,556
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 33,040 33,040    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 29,931 2,275   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,969 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 60,239      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 126,179 35,315 0 0
25 Contributions, gifts, grants paid........ 180,727 180,727
26 Total expenses and disbursements. Add lines 24 and 25 306,906 35,315 0 180,727
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -180,826
b Net investment income (if negative, enter -0-) 90,192
c Adjusted net income (if negative, enter -0-)... 28,556
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.......... 206,660 211,546 211,546
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet1,361,307
Less: accumulated depreciation (attach schedule) bullet2,969 1,319,730 Click to see attachment1,358,338 1,321,400
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,508,699 Click to see attachment3,284,366 4,081,280
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) 5,035,089 4,854,250 5,614,226
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
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......... 5,035,089 4,854,250
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,035,089 4,854,250
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,035,089 4,854,250
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 5,035,089
2 Enter amount from Part I, line 27a...................... 2 -180,826
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,854,263
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 13
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 4,854,250
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 80. ACTIVISION BLIZZARD INC   2009-11-09 2010-03-01
b 1534. ACTIVISION BLIZZARD INC   2009-11-09 2010-04-20
c 7673.339 LSV VALUE EQUITY FUND   2010-03-01 2010-07-19
d 52. ALBEMARLE CORPORATION   2009-11-09 2010-03-01
e 164. ALBEMARLE CORPORATION   2009-11-09 2010-07-19
52. ALBEMARLE CORPORATION   2009-11-09 2010-12-21
86. ALEXANDER & BALDWIN INCORPORATED   2009-11-09 2010-03-01
14. ALEXANDER & BALDWIN INCORPORATED   2009-11-09 2010-07-19
278. ALEXANDER & BALDWIN INCORPORATED   2010-09-24 2010-10-18
14. ALLERGAN INCORPORATED   2009-11-09 2010-03-01
12. ALLERGAN INCORPORATED   2010-09-24 2010-10-18
206.308 ALPINE INTL REAL ESTATE EQ FD   2009-11-09 2010-07-19
1135.847 ALPINE INTL REAL ESTATE EQ FD   2007-08-24 2010-07-19
415.598 ALPINE INTL REAL ESTATE EQ FD   2009-11-09 2010-09-27
72. ALTRIA GROUP INC   2009-11-09 2010-03-01
72. ALTRIA GROUP INC   2009-11-09 2010-07-19
36. AMAZON.COM INCORPORATED   2009-11-09 2010-01-06
2. AMAZON.COM INCORPORATED   2009-11-09 2010-03-01
4. AMAZON.COM INCORPORATED   2009-11-09 2010-07-19
2. AMAZON.COM INCORPORATED   2010-09-24 2010-10-18
10. APPLE COMPUTER INCORPORATED   2009-11-09 2010-03-01
2. APPLE COMPUTER INCORPORATED   2009-11-09 2010-07-19
16. APPLE COMPUTER INCORPORATED   2009-11-09 2010-09-24
6. APPLE COMPUTER INCORPORATED   2009-11-09 2010-10-18
32. ARM HOLDINGS PLC   2010-02-01 2010-03-01
22. ARM HOLDINGS PLC   2010-02-01 2010-07-19
108. ARM HOLDINGS PLC   2010-02-01 2010-09-24
258. ARM HOLDINGS PLC   2010-02-01 2010-10-18
94.438 ARTIO GLOBAL HIGH INC FD - I   2010-03-01 2010-07-19
68. ATHENAHEALTH INC   2010-02-03 2010-03-01
154. ATHENAHEALTH INC   2009-11-09 2010-07-19
98. ATHENAHEALTH INC   2009-11-09 2010-08-09
4. BERKSHIRE HATHAWAY INC DEL CL B   2010-03-01 2010-07-19
36. BRISTOL MYERS SQUIBB COMPANY   1996-06-25 2010-03-01
28. BRISTOL MYERS SQUIBB COMPANY   1996-06-25 2010-07-19
82. BRITISH AMERN TOBACCO PLC SPONS ADR   2009-11-09 2010-02-01
74. BRITISH AMERN TOBACCO PLC SPONS ADR   2009-11-09 2010-03-10
14. BROWN-FORMAN CORP CL B   2009-11-09 2010-03-01
34. BROWN-FORMAN CORP CL B   2009-11-09 2010-07-19
106. BURLINGTON NORTHERN SANTA FE CORP   2009-11-09 2010-02-01
50. BURLINGTON NORTHERN SANTA FE CORP   2009-11-09 2010-02-10
18. CELGENE CORPORATION   2009-11-09 2010-03-01
50. CELGENE CORPORATION   2009-11-09 2010-07-19
10. CELGENE CORPORATION   2010-09-24 2010-10-18
10. CHEVRONTEXACO CORPORATION   2010-03-01 2010-07-19
18. CHEVRONTEXACO CORPORATION   2010-09-24 2010-12-21
10. CHEVRONTEXACO CORPORATION   1987-02-03 2010-12-21
14. COCA COLA COMPANY   2009-11-09 2010-07-19
36. COCA COLA COMPANY   2009-11-09 2010-12-21
118. COGNIZANT TECH SOL CORP   2009-11-09 2010-02-01
16. COGNIZANT TECH SOL CORP   2009-11-09 2010-03-01
138. COGNIZANT TECH SOL CORP   2009-11-09 2010-03-10
6. COGNIZANT TECH SOL CORP   2009-11-09 2010-07-19
12. COGNIZANT TECH SOL CORP   2010-09-24 2010-10-18
36. CONOCOPHILLIPS   2009-11-09 2010-07-19
42. CONOCOPHILLIPS   2009-11-09 2010-12-21
48. CREE INCORPORATED   2009-12-23 2010-05-10
24. DELL INC   2009-11-09 2010-07-19
8. DOLLAR TREE INC   2010-09-24 2010-10-18
192.924 DREYFUS INTL BOND FD -I   2009-11-09 2010-07-19
26. DUKE ENERGY CORP   2009-11-09 2010-03-01
32. E M C CORPORATION MASSACHUSETTS   2009-11-09 2010-03-01
122. E M C CORPORATION MASSACHUSETTS   2010-03-10 2010-07-19
16. EXPEDITORS INTERNATIONAL WASHINGTON   2009-11-09 2010-03-01
6. EXPEDITORS INTERNATIONAL WASHINGTON   2010-04-20 2010-07-19
14. EXPEDITORS INTERNATIONAL WASHINGTON   2010-09-24 2010-10-18
4. EXPRESS SCRIPTS INCORPORATED CLASS A   2010-04-20 2010-07-19
12. EXPRESS SCRIPTS INCORPORATED CLASS A   2010-09-24 2010-10-18
16. FEDEX CORPORATION   2009-11-09 2010-03-01
4. F5 NETWORKS INCORPORATED   2009-11-09 2010-03-01
80. F5 NETWORKS INCORPORATED   2009-11-09 2010-05-10
4. F5 NETWORKS INCORPORATED   2009-11-09 2010-07-19
4. F5 NETWORKS INCORPORATED   2010-09-24 2010-12-20
70. F5 NETWORKS INCORPORATED   2009-11-09 2010-12-20
160. FREEPORT-MCMORAN COPPER & GOLD CL B   2010-03-01 2010-05-10
1.4402 FRONTIER COMMUNICATIONS CORP   2010-03-01 2010-07-12
122.5598 FRONTIER COMMUNICATIONS CORP   1993-08-04 2010-07-12
.1005 FRONTIER COMMUNICATIONS CORP   1993-08-04 2010-07-23
134. GILEAD SCIENCES INCORPORATED   2009-11-09 2010-02-01
14. GILEAD SCIENCES INCORPORATED   2009-11-09 2010-03-01
56. GILEAD SCIENCES INCORPORATED   2009-11-09 2010-07-19
346. GILEAD SCIENCES INCORPORATED   2009-11-09 2010-08-09
4. GOLDMAN SACHS GROUP INCORPORATED   2009-11-09 2010-03-01
84. GOLDMAN SACHS GROUP INCORPORATED   2009-11-09 2010-04-20
3182.035 GOLDMAN SACHS HIGH YIELD FD-I#527   2009-07-13 2010-03-01
355.649 GOLDMAN SACHS GROWTH OPPTYS FD #1132   2009-11-09 2010-03-01
225.706 GOLDMAN SACHS GROWTH OPPTYS FD #1132   2009-11-09 2010-07-19
168.668 GOLDMAN SACHS GROWTH OPPTYS FD #1132   2009-11-09 2010-09-27
2. GOOGLE INC CL A   2009-11-09 2010-03-01
2. GOOGLE INC CL A   2009-11-09 2010-07-19
4. GOOGLE INC CL A   2009-11-09 2010-09-24
2. GOOGLE INC CL A   2009-11-09 2010-10-18
148.948 GUINNESS ATKINSON - CHINA & HK FD   2009-11-09 2010-09-27
470.977 HARBOR FUND INTERNATIONAL FUND OPEN   2006-04-05 2010-07-19
122.833 HARBOR FUND INTERNATIONAL FUND OPEN   2006-04-05 2010-09-27
4260.757 HARBOR CAPITAL APPRECIATION FUND #12   2009-11-09 2010-03-01
1965.246 HARBOR CAPITAL APPRECIATION FUND #12   2009-11-09 2010-09-27
54. HATTERAS FINANCIAL CORP   2009-11-09 2010-07-19
84. HERSHEY FOODS CORPORATION   2010-04-20 2010-07-19
10112.567 T ROWE PRICE INST L/C GROWTH   2009-11-09 2010-03-01
4603.784 T ROWE PRICE INST L/C GROWTH   2009-11-09 2010-09-27
48. INTEL CORPORATION   2010-02-01 2010-03-01
50. INTEL CORPORATION   2010-02-01 2010-07-19
6. INTERNATIONAL BUSINESS MACHINES CORP   2005-08-02 2010-03-01
34. INTERNATIONAL BUSINESS MACHINES CORP   2005-08-02 2010-04-20
12. INTERNATIONAL BUSINESS MACHINES CORP   2005-08-02 2010-07-19
2. INTUITIVE SURGICAL INC   2009-11-09 2010-07-19
2. INTUITIVE SURGICAL INC   2009-11-09 2010-10-18
36. ISHARES MSCI EAFE INDEX FD   2009-11-09 2010-07-19
58. ISHARES MSCI EAFE INDEX FD   2009-11-09 2010-09-24
16. JOHNSON & JOHNSON   1993-08-04 2010-03-01
70. JOHNSON & JOHNSON   1993-08-04 2010-04-20
6. JOHNSON & JOHNSON   1993-08-04 2010-07-19
32. JUNIPER NETWORKS INCORPORATED   2009-11-09 2010-03-01
38. JUNIPER NETWORKS INCORPORATED   2009-11-09 2010-07-19
18. JUNIPER NETWORKS INCORPORATED   2010-09-24 2010-10-18
.8976 KINDER MORGAN MANAGEMENT LLC   2009-11-09 2010-02-25
64. KINDER MORGAN MANAGEMENT LLC   2009-11-09 2010-03-01
.6622 KINDER MORGAN MANAGEMENT LLC   2009-11-09 2010-05-21
24. KINDER MORGAN MANAGEMENT LLC   2009-11-09 2010-07-19
.419 KINDER MORGAN MANAGEMENT LLC   2009-11-09 2010-08-24
.9071 KINDER MORGAN MANAGEMENT LLC   2010-09-24 2010-11-17
699.972 LAZARD EMERGING MARKETS PORTFOLIO-IN   2007-08-24 2010-07-19
297.881 LAZARD EMERGING MARKETS PORTFOLIO-IN   2007-08-24 2010-09-27
180. LOWES COMPANIES INCORPORATED   2010-03-10 2010-09-24
16. LOWES COMPANIES INCORPORATED   2009-11-09 2010-10-18
498. LOWES COMPANIES INCORPORATED   2009-11-09 2010-12-20
142. LOWES COMPANIES INCORPORATED   2010-03-10 2010-12-21
36.023 MFS EMERGING MARKETS DEBT FD-CL I   2009-11-09 2010-03-01
204.067 MFS EMERGING MARKETS DEBT FD-CL I   2009-11-09 2010-07-19
514.344 MTB SM CAP GRWTH-INST I-FD #555   2009-11-09 2010-03-01
145.873 MTB SM CAP GRWTH-INST I-FD #555   2009-11-09 2010-09-27
8.335 MAINSTAY EPOCH GLOBAL EQ YLD FD-I   2010-07-19 2010-09-27
18. MARKEL CORPORATION   2009-11-09 2010-02-01
14. MARKEL CORPORATION   2009-11-09 2010-04-20
6. MASTERCARD INC CL A   2009-11-09 2010-03-01
14. MASTERCARD INC CL A   2009-11-09 2010-09-24
2. MASTERCARD INC CL A   2009-11-09 2010-10-18
70. MASTERCARD INC CL A   2009-11-09 2010-12-22
1247.269 MASTERS SELECT INTERNATIONAL FD #306   2009-11-09 2010-07-19
540.851 MASTERS SELECT INTERNATIONAL FD #306   2009-11-09 2010-09-27
42. MICROSOFT CORPORATION   2010-02-01 2010-03-01
142. MICROSOFT CORPORATION   2009-11-09 2010-10-18
32. MICROSOFT CORPORATION   2010-09-24 2010-10-18
92. MICROSOFT CORPORATION   2010-02-01 2010-12-21
218. MICROSOFT CORPORATION   2009-11-09 2010-12-22
2. MONSANTO COMPANY NEW   2010-01-06 2010-03-01
124. MONSANTO COMPANY NEW   2010-01-06 2010-04-20
22. NETFLIX.COM INC   2010-04-20 2010-07-19
40. NETFLIX.COM INC   2010-08-09 2010-09-24
2. NETFLIX.COM INC   2010-04-20 2010-10-18
18. NETFLIX.COM INC   2010-04-20 2010-12-02
76. NEWMARKET CORPORATION   2010-03-01 2010-03-10
8. NEWMARKET CORPORATION   2009-11-09 2010-07-19
24. NEWMARKET CORPORATION   2009-11-09 2010-12-21
98. NOVARTIS AG SPONSORED ADR   2009-11-09 2010-02-01
8. NOVARTIS AG SPONSORED ADR   2009-11-09 2010-03-01
84. NOVARTIS AG SPONSORED ADR   2009-11-09 2010-07-19
96. NOVARTIS AG SPONSORED ADR   2009-11-09 2010-08-09
383.506 PIMCO TOTAL RETURN FD-I #35   2009-11-09 2010-03-01
2185.887 PIMCO TOTAL RETURN FD-I #35   2009-11-09 2010-07-19
8. PERRIGO COMPANY   2010-09-24 2010-10-18
18. PFIZER INCORPORATED   2010-02-01 2010-09-24
4. PHILIP MORRIS INTL INC   2009-11-09 2010-03-01
10. PHILIP MORRIS INTL INC   2009-11-09 2010-07-19
4. POTASH CORPORATION SASK INCORPORATED   2009-11-09 2010-03-01
4. POTASH CORPORATION SASK INCORPORATED   2009-11-09 2010-07-19
118. POTASH CORPORATION SASK INCORPORATED   2009-11-09 2010-09-24
102. QUALCOMM INCORPORATED   2009-11-09 2010-02-01
10. QUALCOMM INCORPORATED   2009-11-09 2010-03-01
6. QUALCOMM INCORPORATED   2009-11-09 2010-07-19
14. QUALCOMM INCORPORATED   2010-09-24 2010-10-18
42.52 RS GLOBAL NATURAL RESOURCES FD-Y   2010-03-01 2010-07-19
45.664 RS GLOBAL NATURAL RESOURCES FD-Y   2010-03-01 2010-09-27
193.875 RIDGEWORTH SEIX FL RATE HI INC FD-I   2009-07-13 2010-03-01
296.874 RIDGEWORTH SEIX FL RATE HI INC FD-I   2009-07-13 2010-07-19
6. ROCKWELL COLLINS   2010-09-24 2010-10-18
216. ROCKWELL COLLINS   2010-07-19 2010-12-20
14. SCHLUMBERGER LIMITED   2009-11-09 2010-03-01
4. SCHLUMBERGER LIMITED   2009-11-09 2010-07-19
8. SCHLUMBERGER LIMITED   2010-09-24 2010-10-18
48. SCHWAB CHARLES CORPORATION   2009-11-09 2010-03-01
210. SCHWAB CHARLES CORPORATION   2009-11-09 2010-04-20
16. SCHWAB CHARLES CORPORATION   2009-11-09 2010-07-19
22. SCHWAB CHARLES CORPORATION   2010-09-24 2010-10-18
140. SERVICE CORPORATION INTERNATIONAL   2010-02-01 2010-03-01
10. STARWOOD HOTELS & RESORTS WORLDWIDE   2010-09-24 2010-10-18
12. TARGET CORPORATION   2009-11-09 2010-03-01
12. TARGET CORPORATION   2010-09-24 2010-10-18
22. TEVA PHARMACEUTICAL INDS LTD ADR   2009-11-09 2010-03-01
10. TEVA PHARMACEUTICAL INDS LTD ADR   2009-11-09 2010-07-19
178. TEVA PHARMACEUTICAL INDS LTD ADR   2009-11-09 2010-08-09
8. TEVA PHARMACEUTICAL INDS LTD ADR   2010-09-24 2010-10-18
2. TEVA PHARMACEUTICAL INDS LTD ADR   2010-09-24 2010-12-20
240. TEVA PHARMACEUTICAL INDS LTD ADR   2009-11-09 2010-12-20
178. UDR INC REIT   2009-11-09 2010-03-01
148. UDR INC REIT   2009-11-09 2010-07-19
56. UDR INC REIT   2010-09-24 2010-12-21
10. UDR INC REIT   2009-11-09 2010-12-21
12. UNION PACIFIC CORPORATION   2009-11-09 2010-03-01
10. UNION PACIFIC CORPORATION   2010-09-24 2010-10-18
16. UNION PACIFIC CORPORATION   2010-09-24 2010-12-20
16. UNION PACIFIC CORPORATION   2009-11-09 2010-12-20
168. VERIZON COMMUNICATIONS   1993-08-04 2010-02-01
26. VERIZON COMMUNICATIONS   1993-08-04 2010-09-24
30. VERIZON COMMUNICATIONS   1993-08-04 2010-12-21
610. VULCAN MATERIALS COMPANY   2010-09-24 2010-10-18
60.314 CRM MID CAP VALUE FD-INSTL #32   2009-11-09 2010-03-01
20.215 CRM MID CAP VALUE FD-INSTL #32   2009-11-09 2010-07-19
6.758 CRM MID CAP VALUE FD-INSTL #32   2009-11-09 2010-09-27
18. WAL MART STORES INCORPORATED   2009-11-09 2010-03-01
6. WELLS FARGO & COMPANY NEW   2010-02-01 2010-07-19
132. WELLS FARGO & COMPANY NEW   2009-11-09 2010-12-21
6. WHITE MOUNTAINS INSURANCE GROUP INC   2009-11-09 2010-03-01
CAPITAL GAIN 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 868   923 -55
b 17,899   17,702 197
c 90,238   95,226 -4,988
d 2,024   1,770 254
e 6,585   5,584 1,001
2,908   1,770 1,138
2,806   2,512 294
441   409 32
9,601   8,338 1,263
830   832 -2
861   779 82
4,314   4,890 -576
23,751   50,000 -26,249
10,053   9,850 203
1,452   1,355 97
1,534   1,355 179
4,785   4,600 185
240   256 -16
474   511 -37
327   319 8
2,086   1,993 93
486   399 87
4,656   3,188 1,468
1,904   1,196 708
300   293 7
300   201 99
2,137   988 1,149
4,928   2,361 2,567
959   960 -1
2,512   2,703 -191
3,533   6,396 -2,863
2,628   4,070 -1,442
306   318 -12
877   758 119
698   590 108
5,397   5,368 29
4,990   4,844 146
744   699 45
2,061   1,697 364
10,562   10,317 245
5,000   4,866 134
1,104   956 148
2,619   2,655 -36
593   563 30
719   730 -11
1,609   1,399 210
894   132 762
731   768 -37
2,349   1,975 374
5,207   5,186 21
798   703 95
6,977   6,065 912
319   264 55
794   648 146
1,863   1,908 -45
2,787   2,226 561
3,373   2,627 746
318   370 -52
399   382 17
3,102   3,152 -50
425   422 3
564   545 19
2,477   2,291 186
584   517 67
232   235 -3
678   640 38
187   207 -20
578   608 -30
1,378   1,259 119
232   192 40
5,343   3,846 1,497
304   192 112
542   415 127
9,492   3,366 6,126
11,472   13,116 -1,644
11   11  
896   892 4
1   1  
6,459   6,232 227
667   651 16
1,838   2,605 -767
12,321   16,092 -3,771
628   701 -73
13,519   14,729 -1,210
22,083   19,124 2,959
7,348   6,932 416
4,564   4,399 165
3,763   3,287 476
1,061   1,122 -61
926   1,122 -196
2,099   2,244 -145
1,230   1,122 108
5,834   5,311 523
24,109   27,100 -2,991
6,918   7,068 -150
138,091   136,302 1,789
64,971   62,868 2,103
1,554   1,573 -19
4,255   3,753 502
140,160   137,126 3,034
67,399   62,427 4,972
996   943 53
1,060   982 78
771   500 271
4,364   2,835 1,529
1,553   1,001 552
644   524 120
565   524 41
1,787   2,023 -236
3,208   3,260 -52
1,013   152 861
4,612   664 3,948
356   57 299
908   818 90
1,011   972 39
573   514 59
52   42 10
3,684   2,993 691
37   30 7
1,416   1,103 313
25   19 6
58   53 5
12,795   16,421 -3,626
6,118   6,988 -870
4,032   4,381 -349
339   339  
12,698   10,552 2,146
3,641   3,416 225
510   505 5
2,957   2,863 94
6,810   6,398 412
1,991   1,815 176
118   109 9
5,867   5,887 -20
5,320   4,579 741
1,369   1,432 -63
3,092   3,341 -249
472   477 -5
15,327   16,703 -1,376
15,578   16,302 -724
7,512   7,069 443
1,210   1,185 25
3,648   4,075 -427
822   793 29
2,557   2,617 -60
6,168   6,257 -89
141   169 -28
8,195   8,778 -583
2,596   1,879 717
6,472   4,360 2,112
308   171 137
3,500   1,538 1,962
7,738   7,439 299
763   848 -85
2,977   2,545 432
5,277   5,244 33
444   428 16
4,171   4,495 -324
4,838   5,137 -299
4,219   4,196 23
24,722   23,914 808
518   513 5
311   339 -28
195   199 -4
494   498 -4
451   396 55
381   396 -15
17,171   11,677 5,494
3,958   4,581 -623
359   449 -90
222   269 -47
621   622 -1
1,231   1,273 -42
1,443   1,367 76
1,681   1,588 93
2,559   2,431 128
362   365 -3
12,457   13,735 -1,278
857   913 -56
235   261 -26
513   504 9
876   851 25
4,034   3,721 313
242   284 -42
324   345 -21
1,166   1,092 74
552   528 24
622   602 20
648   641 7
1,329   1,166 163
542   530 12
8,877   9,436 -559
436   438 -2
102   109 -7
12,218   12,722 -504
2,996   2,585 411
2,815   2,149 666
1,278   1,184 94
228   145 83
809   754 55
850   820 30
1,453   1,313 140
1,453   1,005 448
4,973   4,647 326
846   674 172
1,041   777 264
22,119   25,585 -3,466
1,476   1,423 53
473   477 -4
171   159 12
968   929 39
154   172 -18
3,980   3,642 338
2,094   1,914 180
      13
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       -55
b       197
c       -4,988
d       254
e       1,001
      1,138
      294
      32
      1,263
      -2
      82
      -576
      -26,249
      203
      97
      179
      185
      -16
      -37
      8
      93
      87
      1,468
      708
      7
      99
      1,149
      2,567
      -1
      -191
      -2,863
      -1,442
      -12
      119
      108
      29
      146
      45
      364
      245
      134
      148
      -36
      30
      -11
      210
      762
      -37
      374
      21
      95
      912
      55
      146
      -45
      561
      746
      -52
      17
      -50
      3
      19
      186
      67
      -3
      38
      -20
      -30
      119
      40
      1,497
      112
      127
      6,126
      -1,644
       
      4
       
      227
      16
      -767
      -3,771
      -73
      -1,210
      2,959
      416
      165
      476
      -61
      -196
      -145
      108
      523
      -2,991
      -150
      1,789
      2,103
      -19
      502
      3,034
      4,972
      53
      78
      271
      1,529
      552
      120
      41
      -236
      -52
      861
      3,948
      299
      90
      39
      59
      10
      691
      7
      313
      6
      5
      -3,626
      -870
      -349
       
      2,146
      225
      5
      94
      412
      176
      9
      -20
      741
      -63
      -249
      -5
      -1,376
      -724
      443
      25
      -427
      29
      -60
      -89
      -28
      -583
      717
      2,112
      137
      1,962
      299
      -85
      432
      33
      16
      -324
      -299
      23
      808
      5
      -28
      -4
      -4
      55
      -15
      5,494
      -623
      -90
      -47
      -1
      -42
      76
      93
      128
      -3
      -1,278
      -56
      -26
      9
      25
      313
      -42
      -21
      74
      24
      20
      7
      163
      12
      -559
      -2
      -7
      -504
      411
      666
      94
      83
      55
      30
      140
      448
      326
      172
      264
      -3,466
      53
      -4
      12
      39
      -18
      338
      180
       
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 29,494
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 182,016 5,089,853 0.035761
2008 211,016 6,073,507 0.034744
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.070504
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 0.035252
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 5,240,767
5 Multiply line 4 by line 3....................... 5 184,748
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 902
7 Add lines 5 and 6......................... 7 185,650
8 Enter qualifying distributions from Part XII, line 4.............. 8 180,727
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 1,804
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 1,804
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 1,804
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 14,488
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,488
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,684
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet902 Refunded Bullet 11 11,782
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMD
    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 addressbullet  
    14
    The books are in care ofbulletM AND T BANK Telephone no.bullet (716) 842-5506
    Located atbulletONE MT PLAZA 8TH FLOORBUFFALONY ZIP+4bullet14203
    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
     
    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
     
     
    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
    MANUFACTURERS AND TRADERS TRUST CO TRUSTEE
    1     		33,040    
    ONE M AND T PLAZA 8TH FLOOR
    BUFFALO,NY14203
    HERBERT E WITZ ESQ TRUSTEE
    1     		0    
    210 N CHARLES STREET SUITE 1406
    BALTIMORE,MD21201
    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...........................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
    5,164,891
    b
    Average of monthly cash balances.......................
    1b
    155,685
    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
    5,320,576
    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
    5,320,576
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    79,809
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,240,767
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    262,038
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    262,038
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,804
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,804
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    260,234
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    260,234
    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
    260,234
    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
    180,727
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    180,727
    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
    180,727
    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 7 260,234
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 134,841
    b Total for prior years:2008, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 0
    b From 2006....... 0
    c From 2007....... 0
    d From 2008....... 0
    e From 2009....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 180,727
    a Applied to 2009, but not more than line 2a 134,841
    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..... 45,886
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		214,348
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006.... 0
    b Excess from 2007.... 0
    c Excess from 2008.... 0
    d Excess from 2009.... 0
    e Excess from 2010.... 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    THE BALTI CNTY HUMANE SOC
    C/O HERBERT E WITZ ESQ
    711 WEST 40TH STREET SUITE 357
    BALTIMORE,MD21211     		NONE CHARITABLE PREVENTION OF CRUETY TO ANIMALS 180,727
    Total .................................bullet 3a 180,727
    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          
    4 Dividends and interest from securities....     14 68,030  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -34,652  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 29,494  
    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)..   62,872  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1362,872
    (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


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    TY 2010 DepreciationSchedule
    Name:
    ELSIE S BARTON TA - IRREV
    EIN: 52-6241137
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BOILER & A/C 2010-06-08 41,577   M7 7 2,969      

    TY 2010 InvestmentsLandSchedule2
    Name:
    ELSIE S BARTON TA - IRREV
    EIN: 52-6241137
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BOILER & A/C     38,608  

    TY 2010 InvestmentsOtherSchedule2
    Name:
    ELSIE S BARTON TA - IRREV
    EIN: 52-6241137
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BRISTOL MYERS SQUIBB AT COST 8,426 10,460
    ALEXION PHARM AT COST 12,419 12,244
    JOHNSON & JOHNSON AT COST 3,652 16,267
    FARMERS BANK OF WILLARDS MD AT COST 4,374 357,875
    EXPRESS SCRIPTS AT COST 18,649 20,431
    CHEVRON AT COST 3,289 22,721
    HERSHEY CO AT COST 15,422 16,125
    LSV VALUE AT COST 141,791 154,220
    IBM AT COST 11,045 18,198
    VERIZON AT COST 12,437 17,139
    DOLLAR TREE AT COST 13,078 15,366
    JOHNSON CONTROLS AT COST 11,830 11,766
    ARM HOLDINGS AT COST 6,551 14,857
    PERRIGO AT COST 12,832 14,693
    OCCIDENTAL PETE AT COST 14,148 15,892
    CAMERON INTL AT COST 13,235 15,726
    CITRIX SYSTEMS AT COST 19,506 21,344
    HARBOR INTL AT COST 471,988 454,134
    ALPINE INTL AT COST 136,060 150,523
    RS GLOBAL AT COST 90,458 114,810
    LAZARD EMERGING MARKETS AT COST 129,644 144,265
    PRICELINE AT COST 14,903 19,178
    SPDR S&P AT COST 10,223 11,436
    DREYFUS INTL AT COST 56,139 55,745
    MFS EMERGING MARKETS DEBT AT COST 37,347 38,553
    GOLDMAN SACHS HIGH YIELD      
    PIMCO TOTAL RETURN AT COST 306,308 303,076
    RIDGEWORTH SEIX AT COST 58,125 62,949
    ALBEMARLE AT COST 6,909 11,044
    FREEPORT-MCMORAN      
    MONSANTO      
    NEWMARKET AT COST 19,108 22,207
    POTASH AT COST 14,435 16,102
    VULCAN AT COST 11,134 10,824
    ALEX & BALDWIN AT COST 15,969 20,015
    BURLINGTON NORTHERN SANTA FE      
    EXPEDITORS INTL AT COST 15,053 23,915
    FEDEX AT COST 10,382 12,277
    UNION PACIFIC AT COST 14,308 20,941
    AMAZON AT COST 17,566 24,120
    LOWES AT COST 18,609 21,820
    SERVICE CORP INTL AT COST 20,641 21,830
    TARGET AT COST 21,781 26,337
    ALTRIA AT COST 13,137 17,037
    BROWN-FORMAN AT COST 9,145 12,392
    COCA COLA AT COST 18,797 22,493
    PHILIP MORRIS AT COST 9,889 11,589
    WALMART AT COST 15,722 16,395
    CONOCOPHILLIPS AT COST 13,340 17,161
    KINDER MORGAN MANAGEMENT AT COST 12,797 18,660
    SCHLUMBERGER AT COST 15,654 20,040
    BERKSHIRE HATHAWAY AT COST 23,673 26,757
    GOLDMAN SACHS GROUP      
    MARKEL      
    SCHWAB CHARLES AT COST 15,636 15,262
    WELLS FARGO AT COST 20,211 22,871
    WHITE MOUNTAINS INS AT COST 16,517 17,451
    ALLERGAN AT COST 19,050 21,837
    ATHENAHEALTH      
    CELGENE AT COST 16,570 18,452
    GILEAD SCIENCES      
    INTUITIVE SURGICAL AT COST 12,578 12,372
    NOVARTIS AG      
    PFIZER AT COST 16,573 16,810
    TEVA      
    ACTIVISION BLIZZARD AT COST 16,747 16,968
    APPLE INC AT COST 23,116 37,417
    COGNIZANT TECH AT COST 17,492 29,169
    CREE RESEARCH AT COST 14,755 17,131
    DELL INC AT COST 13,215 12,141
    EMC CORP AT COST 13,993 17,999
    F5 NETWORKS AT COST 6,443 17,441
    GOOGLE AT COST 17,949 19,007
    INTEL AT COST 16,722 18,128
    JUNIPER NETWORKS AT COST 15,136 21,857
    MASTERCARD      
    MICROSOFT AT COST 34,608 34,273
    QUALCOMM AT COST 19,355 21,380
    DUKE ENERGY AT COST 20,249 21,835
    BRITISH AMERICAN TOBACCO      
    HATTERAS FINANCIAL AT COST 10,789 11,260
    UDR INC REAL ESTATE AT COST 10,629 17,217
    CRM MID CAP AT COST 44,891 54,535
    GOLDMAN SACHS GROWTH OPP AT COST 126,235 157,713
    HARBOR CAPITAL APPRECIATION AT COST 85,532 100,110
    MTB SMALL CAP GROWTH AT COST 136,733 181,145
    T ROWE PRICE INST LARGE CAP AT COST 83,270 101,295
    ISHARES MSCI AT COST 147,270 152,886
    GUINNESS ATKINSON AT COST 50,733 55,196
    MASTERS SELECT INTL AT COST 200,757 231,475
    MAINSTAY EPOCH AT COST 44,269 50,073
    NETFLIX AT COST 7,175 14,759
    STARWOOD HOTELS AT COST 15,994 18,599
    ARTIO GLOBAL AT COST 21,246 21,267

    TY 2010 OtherDecreasesSchedule
    Name:
    ELSIE S BARTON TA - IRREV
    EIN: 52-6241137
    Description Amount
    ROUNDING 13


    TY 2010 OtherExpensesSchedule
    Name:
    ELSIE S BARTON TA - IRREV
    EIN: 52-6241137
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Rent and Royalty Expense 60,239      


    TY 2010 TaxesSchedule
    Name:
    ELSIE S BARTON TA - IRREV
    EIN: 52-6241137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 158 158   0
    FEDERAL TAXES PRIOR YEAR BALAN 13,168 0   0
    FEDERAL ESTIMATES - PRINCIPAL 14,488 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,044 2,044   0
    FOREIGN TAXES ON NONQUALIFIED 73 73   0