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
AHEARN FOUNDATION (PFD)
 

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

22-2266031
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$2,109,959J 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...... 57,826 58,271  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 52,502
b Gross sales price for all assets on line 6a 811,747
7 Capital gain net income (from Part IV, line 2)... 52,502
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)....... Click to see attachment 885 885  
12 Total. Add lines 1 through 11........ 111,213 111,658  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 3,626 3,626    
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)....... Click to see attachment 250 250 0 0
c Other professional fees (attach schedule).... Click to see attachment 3,900     3,900
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,858 1,024   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications.......... 606 0 0 606
23 Other expenses (attach schedule)....... Click to see attachment 2,344 2,344    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,584 7,244 0 4,506
25 Contributions, gifts, grants paid........ 125,700 125,700
26 Total expenses and disbursements. Add lines 24 and 25 138,284 7,244 0 130,206
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,071
b Net investment income (if negative, enter -0-) 104,414
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 2,285 778 778
2 Savings and temporary cash investments.......... 62,068 64,781 64,781
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) 299,508 Click to see attachment198,905 209,237
b Investments—corporate stock (attach schedule)........ 835,188 Click to see attachment726,381 800,276
c Investments—corporate bonds (attach schedule)........ 100,163 Click to see attachment100,163 98,347
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 675,968 Click to see attachment856,759 936,540
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) 1,975,180 1,947,767 2,109,959
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......... 1,975,180 1,947,767
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).................... 1,975,180 1,947,767
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,975,180 1,947,767
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 1,975,180
2 Enter amount from Part I, line 27a...................... 2 -27,071
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,948,109
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 342
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 1,947,767
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 250. AFLAC CORP COM   2010-02-19 2010-04-08
b 100. ABERCROMBIE & FITCH CO CL A   2008-06-04 2010-01-06
c 500. ALCOA INC COM   2002-04-16 2010-01-06
d 39.038 ALPINE INTL REAL ESTATE EQ FD   2009-08-11 2010-04-08
e 220.15 ALPINE INTL REAL ESTATE EQ FD   2009-08-11 2010-11-12
276.022 ALPINE INTL REAL ESTATE EQ FD   2009-08-11 2010-12-10
235. AMGEN INC COM   2004-06-28 2010-02-19
65.543 ARTIO GLOBAL HIGH INC FD - I   2010-02-16 2010-12-10
283. BANK NEW YORK MELLON CORP   2001-10-24 2010-01-06
25. BLACKROCK INC   2009-08-11 2010-04-08
640. BRISTOL MYERS SQUIBB CO COM   2010-02-19 2010-04-08
300. C S X CORP COM   2010-02-19 2010-04-08
40. CATERPILLAR INC COM ATTACHED   2010-02-19 2010-04-08
225. CHEVRONTEXACO CORP   2001-07-13 2010-04-08
100. COLGATE PALMOLIVE CO COM   2004-06-28 2010-02-19
300. COMCAST CORP-SPECIAL CL A   2001-07-13 2010-01-06
345. CONOCOPHILLIPS   2003-08-11 2010-01-06
240. CONOCOPHILLIPS   2003-08-11 2010-04-08
600. WALT DISNEY CO COM   2002-03-11 2010-04-08
117.454 DREYFUS INTL BOND FD -I   2009-10-16 2010-11-12
76. DUPONT E I DE NEMOURS & CO COM   2003-01-07 2010-04-08
165. EDISON INTERNATIONAL COM   2010-01-06 2010-04-08
260. EMERSON ELEC CO COM   2008-06-04 2010-01-06
76. EXXON MOBIL CORP COM   2000-08-23 2010-04-08
150. FPL GROUP INC COM   2001-10-24 2010-04-08
60. FREEPORT MCMORAN CPR & GLD INC   2009-11-17 2010-04-08
362. GENERAL ELECTRIC CO COM   2000-08-23 2010-04-08
170. GENERAL MILLS INC COM   2004-06-28 2010-01-06
130. GENERAL MILLS INC COM   2004-06-28 2010-02-19
1424.501 GOLDMAN SACHS TR HIGH YIELD FD INSTL SHS   2010-01-06 2010-02-19
289.968 GOLDMAN SACHS GRTH OPP FD#1132   2009-08-11 2010-04-08
22.658 GOLDMAN SACHS GRTH OPP FD#1132   2009-08-11 2010-11-12
150.985 GOLDMAN SACHS GRTH OPP FD#1132   2009-08-11 2010-12-10
42.15 HARBOR FD INTL FD   2004-09-13 2010-04-08
178.754 HARBOR FD INTL FD   2004-09-13 2010-11-12
91.326 HARBOR FD INTL FD   2004-09-13 2010-12-10
300. HARRIS CORP COM ATTACHED RTS   2010-02-19 2010-04-08
200. HARTFORD FINANCIAL SVCS GRP INC   2003-08-11 2010-01-06
364. HONEYWELL INTL INC COM   2010-04-08 2010-06-30
138. INTERNATIONAL BUSINESS MACHINES   2002-02-21 2010-04-08
56. J P MORGAN CHASE & CO COM   2001-03-02 2010-04-08
230. KIMBERLY CLARK CORP COM   2010-02-19 2010-04-08
350. KRAFT FOODS INC CL A   2003-08-11 2010-04-08
168.296 LAZARD EMERGING MARKETS PORTFOLIO-IN   2010-01-08 2010-11-12
121.806 LAZARD EMERGING MARKETS PORTFOLIO-IN   2010-01-08 2010-12-10
170. LOCKHEED MARTIN CORPORATION COM   2008-06-04 2010-02-19
165. LOCKHEED MARTIN CORPORATION COM   2003-08-11 2010-04-08
32.248 MFS EMERGING MARKETS DEBT FD-CL I   2009-10-16 2010-11-12
53.723 MTB SM CAP GRWTH-INST I-FD #555   2009-08-11 2010-04-08
462.598 MTB SM CAP GRWTH-INST I-FD #555   2009-08-11 2010-12-10
600. MARATHON OIL CORP   2010-02-19 2010-04-08
310.475 MASTERS SELECT INTERNATIONAL FD #306   2009-08-11 2010-11-12
455.443 MASTERS SELECT INTERNATIONAL FD #306   2009-08-11 2010-12-10
130. MEDTRONIC INC COM   2002-04-16 2010-04-08
374. MICROSOFT CORP COM   2001-10-24 2010-04-08
130. MONSANTO COMPANY   2009-08-11 2010-04-08
400. MORGAN ST DEAN WITTER DISCOV   2009-08-11 2010-02-19
220. ORACLE CORPORATION COM   2001-10-24 2010-01-06
380. ORACLE CORPORATION COM   2001-10-24 2010-02-19
392.919 PIMCO FDS TOTAL RETURN FUND   1999-03-30 2010-04-08
990.972 PIMCO FDS TOTAL RETURN FUND   1999-03-30 2010-11-12
202.754 PIMCO FDS TOTAL RETURN FUND   1999-03-30 2010-12-10
280.725 PFIZER INC COM   2009-10-16 2010-04-08
724.275 PFIZER INC COM   2003-08-11 2010-04-08
182. PROCTER & GAMBLE CO COM   2000-08-23 2010-04-08
428.899 RIDGEWORTH SEIX FL RATE HI INC FD-I   2009-10-16 2010-12-10
135. SCHLUMBERGER LTD COM   2000-08-23 2010-01-06
600. STAPLES INC COM   2003-09-22 2010-04-08
406. STARWOOD HOTELS & RESORTS WORLDWIDE   2010-04-08 2010-07-23
143.107 TIAA-CREF INSTL MID-CAP VAL FD - RT   2009-08-11 2010-12-10
300. TARGET CORP COM   2008-06-04 2010-02-19
210. TEXAS INSTRUMENTS INC COM   2001-10-24 2010-01-06
290. TEXAS INSTRUMENTS INC COM   2001-10-24 2010-02-19
80. 3M CO   2006-08-24 2010-01-06
220. 3M CO   2006-08-24 2010-02-19
500. U S BANCORP DEL COM NEW   2003-08-11 2010-02-19
66. UNITED PARCEL SERVICE CL B   2010-04-08 2010-04-21
100000. US TREASURY NOTE 4.750% 2/15/10   2007-05-01 2010-02-15
200. VERIZON COMMUNICATIONS COM   2010-01-06 2010-04-08
240. VERIZON COMMUNICATIONS COM   2003-08-11 2010-04-08
475. WELLS FARGO CO COM (ATTCHD RTS   2004-06-28 2010-01-06
364. WELLS FARGO CO COM (ATTCHD RTS   2001-11-26 2010-04-08
250. WESTERN UNION COMPANY   2003-01-07 2010-01-06
70. ACE LTD   2010-02-19 2010-07-12
(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 13,815   12,291 1,524
b 3,558   6,733 -3,175
c 8,135   17,731 -9,596
d 874   765 109
e 5,697   4,313 1,384
7,121   5,407 1,714
13,499   13,159 340
690   661 29
8,031   10,652 -2,621
5,020   4,941 79
16,724   15,992 732
15,834   14,096 1,738
2,549   2,338 211
17,417   9,988 7,429
8,160   5,788 2,372
4,770   7,512 -2,742
18,095   9,421 8,674
12,826   6,317 6,509
21,282   13,329 7,953
2,032   1,933 99
2,943   3,387 -444
5,628   5,681 -53
11,214   14,826 -3,612
5,144   3,209 1,935
7,322   3,926 3,396
5,127   5,004 123
6,618   20,972 -14,354
11,891   7,835 4,056
9,382   5,992 3,390
9,632   10,000 -368
6,414   5,074 1,340
521   397 124
3,645   2,642 1,003
2,346   1,613 733
10,681   6,841 3,840
5,471   3,495 1,976
14,385   14,190 195
5,092   11,498 -6,406
14,465   16,500 -2,035
17,576   14,793 2,783
2,538   2,329 209
14,106   13,910 196
10,542   6,424 4,118
3,581   3,144 437
2,607   2,275 332
13,114   10,581 2,533
13,532   8,309 5,223
492   459 33
781   630 151
7,577   5,426 2,151
18,936   18,101 835
4,539   3,713 826
6,763   5,447 1,316
5,831   6,502 -671
11,089   11,591 -502
8,978   10,927 -1,949
10,881   12,111 -1,230
5,407   3,658 1,749
9,250   5,628 3,622
4,334   4,079 255
11,475   10,286 1,189
2,182   2,105 77
4,781   4,917 -136
12,335   25,158 -12,823
11,364   5,770 5,594
3,817   3,667 150
9,079   5,893 3,186
14,520   9,544 4,976
18,359   19,788 -1,429
2,353   1,807 546
15,235   16,247 -1,012
5,405   7,402 -1,997
7,224   8,659 -1,435
6,692   5,607 1,085
17,941   10,995 6,946
12,051   9,703 2,348
4,502   4,205 297
100,000   100,602 -602
5,992   6,524 -532
7,191   8,115 -924
13,314   19,766 -6,452
11,626   7,861 3,765
4,712   4,599 113
3,819   3,539 280
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       1,524
b       -3,175
c       -9,596
d       109
e       1,384
      1,714
      340
      29
      -2,621
      79
      732
      1,738
      211
      7,429
      2,372
      -2,742
      8,674
      6,509
      7,953
      99
      -444
      -53
      -3,612
      1,935
      3,396
      123
      -14,354
      4,056
      3,390
      -368
      1,340
      124
      1,003
      733
      3,840
      1,976
      195
      -6,406
      -2,035
      2,783
      209
      196
      4,118
      437
      332
      2,533
      5,223
      33
      151
      2,151
      835
      826
      1,316
      -671
      -502
      -1,949
      -1,230
      1,749
      3,622
      255
      1,189
      77
      -136
      -12,823
      5,594
      150
      3,186
      4,976
      -1,429
      546
      -1,012
      -1,997
      -1,435
      1,085
      6,946
      2,348
      297
      -602
      -532
      -924
      -6,452
      3,765
      113
      280
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 52,502
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 85,537 1,813,439 0.047168
2008 92,998 2,138,911 0.043479
2007 110,396 2,430,910 0.045413
2006 103,698 2,291,922 0.045245
2005 114,000 2,234,924 0.051008
2 Total of line 1, column (d) ...................... 2 0.232314
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 0.046463
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,030,357
5 Multiply line 4 by line 3....................... 5 94,336
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,044
7 Add lines 5 and 6......................... 7 95,380
8 Enter qualifying distributions from Part XII, line 4.............. 8 130,206
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 1,044
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 1,044
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 1,044
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,060
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 1,060
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 16
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet16 Refunded Bullet 11 0
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)bulletNY
    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 ofbulletMANUFACTURERS AND TRADERS TRUST Telephone no.bullet (716) 842-5506
    Located atbulletONE M AND T 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
    2     		3,626    
    ONE M AND T PLAZA 8TH FLOOR
    BUFFALO,NY14203
    ROBERT J AHEARN CHAIRMAN
    8     		0    
    108 MOORE AVENUE
    BINGHAMTON,NY139093124
    WILLIAM C AHEARN COMMITTEE MEMBER
    2     		0    
    4047 E RANCHO DRIVE
    PHOENIX,AZ850181175
    WILBUR D DAHLGREN SECRETARY
    1     		0    
    HINMAN HOWARD et al PO BOX 5250
    BINGHAMTON,NY13902
    DAVID J CAHILL VICE CHAIR
    1     		0    
    26 WEST END DRIVE
    BINGHAMTON,NY13905
    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
    1,959,837
    b
    Average of monthly cash balances.......................
    1b
    101,439
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,061,276
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    2,061,276
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    30,919
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,030,357
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    101,518
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    101,518
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    1,044
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,044
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    100,474
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    100,474
    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
    100,474
    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
    130,206
    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
    130,206
    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
    1,044
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    129,162
    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 7 100,474
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 8,799
    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$ 130,206
    a Applied to 2009, but not more than line 2a 8,799
    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..... 100,474
    e Remaining amount distributed out of corpus 20,933
    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 20,933
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		20,933
    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.... 20,933
    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:
    ROBERTJ AHEARN
    108 MOORE AVENUE
    BINGHAMTON,NY139033124
    (607) 772-8531
    bThe form in which applications should be submitted and information and materials they should include:
    Submittal form required Request one or go to www.ahearnfoundation .org
    cAny submission deadlines:
    August - see website for exact date
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are ONLY provided to qualified non-profit organizations in Broome County NY for projects which directly benefit the citizens of Broome County NY
    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
    ROBERSON MUSEUM AND
    SCIENCE CENTER
    30 FRONT STREET
    BINGHAMTON,NY139054779     		NONE PUBLIC GENERAL IMPROVEMENTS 25,000
    BROOME COUNTY COUNCILE OF CHURCHES
    3 OSTENINGO STREET
    BINGHAMTON,NY13903     		N/A PUBLIC TRANSPORTATION VEHICLE 10,000
    CHILDREN'S HOME WYOMING CONFERENCE
    1182 CHENANGO ST
    BINGHAMTON,NY13901     		NONE N/A PUBLIC SUPPORT 20,000
    TRI-CITIES OPERA
    315 CLINTON STREET
    BINGHAMTON,NY13905     		NONE PUBLIC SUBSIDIZE ADMISSION FOR EDUCATIONAL PERFOMANC 5,000
    BINGHAMTON PHILHARMONIC INC
    31 FRONT STREET
    BINGHAMTON,NY13905     		NONE PUBLIC SUBSIDIZE EDUCAT'L PERFORMANCES FOR STUDENTS 5,000
    FAMILY ENRICHMENT NETWORK
    PO BOX 997
    JOHNSON CITY,NY13790     		NONE N/A PUBLIC SUPPORT 3,700
    LOURDES HOSPITAL FOUNDATION
    169 RIVERSIDE DR
    BINGHAMTON,NY13905     		NONE N/A PUBLIC SUPPORT 20,000
    CORNELL COOPERATIVE
    EXTENSION
    365 ROBERTS HALL
    ITHACA,NY148535905     		N/A NOT-FOR-PROFIT LIVING LABORATORY CLASSROOM 15,000
    DISCOVERY CENTER
    60 MORGAN RD
    BINGHAMTON,NY13903     		NONE N/A ARTISTIC ENRICHMENT THROUGH THEATRE 10,000
    TENNIS CHARITIES OF BINGHAMTON
    PO BOX 375
    CHENANGO BRIDGE,NY13745     		NONE PUBLIC GENERAL OPERATING EXPENSES 5,000
    SERTOMA CLUB OF BINGHAMTON
    PO BOX 433
    BINGHAMTON,NY139020433     		NONE N/A PUBLIC SUPPORT 7,000
    Total .................................bullet 3a 125,700
    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 57,826  
    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 52,502  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aBLACKSTONE GROUP L     14 270  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   111,213  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13111,213
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 250 250    

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SLM CORP MED TERM NT 5.050% 50,039 47,784
    INTL LEASE FIN 5.3% 5/1/12 50,124 50,563

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 14,731 15,879
    ALCOA INC COM    
    AMGEN INC COM    
    DUPONT E I DE NEMOURS & CO 9,059 12,670
    AT&T 24,935 26,295
    BANK AMER CORP COM 30,517 12,700
    BANK OF NY MELLON CORP    
    CHEVRON CORP COM    
    CISCO SYS INC 15,631 16,771
    COCA COLA CO COM 18,575 24,072
    COMCAST CORP-SPECIAL CL A    
    EXXON MOBIL CORP 15,804 28,444
    FPL GROUP INC COM    
    GENERAL ELECTRIC COMPANY 35,792 19,241
    HARTFORD FIN SVCS GRP INC    
    HOME DEPOT INC COM 21,619 17,670
    INTEL CORP COM 26,037 20,862
    INTL BUSINESS MACHS CORP 12,782 20,840
    JP MORGAN CHASE & CO COM 16,290 16,713
    LILLY ELI & CO ATTCHD RTS 24,411 15,768
    LOCKHEED MARTIN CORP COM    
    MEDTRONIC INC ATTCHD RTS 10,245 8,160
    MERCK & CO INC COM 34,313 25,733
    MICROSOFT CORP 21,214 20,263
    ORACLE CORP COM    
    PFIZER INC ATTCHD RTS    
    PROCTER & GAMBLE CO COM 7,130 14,024
    SCHLUMBERGER LTD 7,803 20,625
    TEXAS INST INC ATTCHD RTS    
    STAPLES INC COM    
    US BANCORP DEL COM NEW    
    VERIZON COMMUNICATIONS COM    
    WAL MART STORES INC COM 11,834 12,674
    WALT DISNEY CO COM    
    WELLS FARGO CO ATTCHD RTS    
    KRAFT FOODS INC CL A    
    CONOCOPHILLIPS 3,346 8,376
    JOHNSON & JOHNSON COM 10,476 12,494
    COLGATE PALMOLIVE CO COM    
    GENERAL MILLS INC    
    APACHE CORP COM 1,025 5,007
    WESTERN UNION CO    
    APACHE CORP 4,998 5,962
    EMERSON ELECTRIC    
    ABERCROMBIE & FITCH    
    TARGET    
    APPLE 16,052 35,159
    FREEPORT MCMORAN COPPER & AU    
    MONSANTO COMPANY    
    BLACKROCK INC    
    GOLDMAN SACHS GROUP INC 19,533 19,675
    MORGAN STANLEY GROUP    
    GOLDMAN SACHS GRWTH OPP 34,416 46,739
    MTB SMALL CAP GRWTH #555 42,835 56,850
    TIAA CREF INSTIT 23,732 31,041
    AIR PRODUCTS & CHEMICALS 13,152 16,189
    UNITED STS STL CORP 12,108 11,918
    BOEING CO 9,758 8,875
    CATERPILLAR INC 11,982 19,200
    UNITED PARCEL SERVICE 15,545 17,710
    BEST BUY 14,545 11,453
    D R HORTON 8,505 7,564
    MCDONALDS CORP 15,742 18,576
    ALTRIA GROUP 13,120 15,560
    NATIONAQL OILWELL VARCO 12,741 20,444
    THE BLACKSTONE GROUP 13,464 12,735
    METLIFE INC 16,721 16,532
    T ROWE PRICE 16,475 19,104
    GILEAD SCIENCES INC 13,203 10,510
    HEWLETT PACKARD CO 14,689 11,620
    ACE LTD ORD 9,496 11,579

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    US Government Securities - End of Year Book Value:

    198,905
    US Government Securities - End of Year Fair Market Value:

    209,237
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 InvestmentsOtherSchedule2
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIMCO TOTAL RTN FD-INSTL #35 AT COST 100,741 103,808
    HARBOR INTERNATIONAL FUND #11 AT COST 281,812 309,610
    DREYFUS INTL BOND FUND AT COST 61,229 60,806
    MFS EMERGING MKTS DEBT FUND AT COST 39,921 40,964
    RIDGEWORTH SEIX FLOATING RATE AT COST 79,898 83,135
    ALPINE INTL RE EQUITY AT COST 31,529 41,749
    MASTERS SELECT FUND #306 AT COST 101,501 126,203
    ARTIO GLOBAL HI INCOME AT COST 19,912 20,010
    FEDERATED TOTAL RETURN AT COST 83,834 85,054
    LAZARD EMERGING MKTS PORTFOLIO AT COST 56,382 65,201

    TY 2010 OtherDecreasesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Description Amount
    ROUNDING 7
    ADJUSTMENT TO COST BASIS FOR ABERCROMBIE AND FITCH 335


    TY 2010 OtherExpensesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSES - 2% 2,344 2,344   0


    TY 2010 OtherIncomeSchedule2
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE GROUP LP (THE) 270 270  


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 800     800
    DUES FOR 2010 AND 2011 COUNCIL 1,000     1,000
    INSURANCE 624     624
    BOARD MEETING 981     981
    DUES ASSOC OF SMALL FOUNDATION 495     495


    TY 2010 TaxesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN: 22-2266031
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 834 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,000 1,000   0
    FOREIGN TAXES ON NONQUALIFIED 24 24   0