TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
MARJORIE SIEBERT AYLEN FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)111 EAST WISCONSIN AVEROOM/SUITE 1800Room/suite

City or town, state, and ZIP code
MILWAUKEE, WI53202

A Employer identification number

39-1707934

B Telephone number (see page 10 of the instructions)

(414) 276-3400

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,937,577J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	70,342		70,342
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		61,357
b	Gross sales price for all assets on line 6a 1,291,666
7	Capital gain net income (from Part IV, line 2)...			61,357
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		62	62
12	Total. Add lines 1 through 11........	131,761		131,761
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		31,190
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		42,017	42,017
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		1,760	1,760
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	74,967		43,777	0
25	Contributions, gifts, grants paid........	123,600			123,600
26	Total expenses and disbursements. Add lines 24 and 25	198,567		43,777	123,600
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-66,806
b	Net investment income (if negative, enter -0-)			87,984
c	Adjusted net income (if negative, enter -0-)...

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........	2,592,667	2,525,861	2,937,577
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,592,667	2,525,861	2,937,577
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	2,592,667	2,525,861
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,592,667	2,525,861
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,592,667	2,525,861

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	2,592,667
2	Enter amount from Part I, line 27a......................	2	-66,806
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	2,525,861
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	2,525,861

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	(d) Date sold (mo., day, yr.)
1 a	CELTIC BK SALT LAKE CITY UTCD 5.200	P	2010-01-26
b	GRAFTECH INTERNATIONAL INC	P	2000-03-10
c	APPLE INC	P	2010-05-21
d	LIMITED BRANDS INC	P	2010-05-21
e	CHURCH & DWIGHT CO INC	P	2010-06-18
	AUTOLIV INC	P	2010-11-02
	TIBCO SOFTWARE INC	P	2010-11-04
	CAPITAL ONE FINANCIAL CORP	P	2010-12-08
	LIMITED BRANDS INC	P	2010-12-08
	WHOLE FOODS MARKET INC	P	2010-12-08
	ERICSSON LM TEL CO ADR CL B SEK 10	P	2010-06-09
	PORTUGAL TELECOM SGPS SA SPONS ADR	P	2010-10-14
	ASTELLAS PHARMA INC UNSPONS ADR	P	2010-12-29
	DELL INC	P	2010-12-29
	LOWES COMPANIES INC	P	2010-12-29
	SANOFI AVENTIS SPONS ADR	P	2010-12-29
	TEXAS INSTRUMENTS INC	P	2010-12-29
	AIRGAS INC	P	2010-04-26
	INTEGRA LIFESCIENCES HOLDINGS	P	2010-05-21
	MOOG INC -- CL A	P	2010-05-21
	TECHNE CORP	P	2010-05-21
	PETROHAWK ENERGY CORPORATION	P	2010-10-04
	FINISAR CORPORATION	P	2010-11-05
	MICROS SYSTEM INC	P	2010-11-05
	TECHNE CORP	P	2010-11-05
	JEFFERSON BK DALLAS TXCD 3.400 09/2	P	2010-09-22
	ABBOTT LABORATORIES	P	2010-04-09
	ARROW ELECTRONICS INC	P	2010-05-21
	MCKESSON CORP	P	2010-05-21
	RED HAT INC	P	2010-06-18
	PNC FINANCIAL SVCS GROUP INC	P	2010-11-02
	THOMAS & BETTS CORP	P	2010-11-04
	CELGENE CORP	P	2010-12-08
	LUBRIZOL CORP	P	2010-12-08
	KT CORP SPONS ADR	P	2010-01-20
	SARA LEE CORP	P	2010-06-15
	AT&T INC	P	2010-11-05
	AEGON NV	P	2010-12-29
	DOW CHEMICAL CO	P	2010-12-29
	MARKS & SPENCER GROUP PLC SPONS ADR	P	2010-12-29
	SAINSBURY J PLC SPONS ADR NEW	P	2010-12-29
	TOYOTA MOTOR CORP -- ADR NEW	P	2010-12-29
	ORBITAL SCIENCES CORP	P	2010-04-28
	INFORMATICA CORPORATION	P	2010-05-21
	NUVASIVE INC	P	2010-05-21
	VALMONT INDUSTRIES INC	P	2010-05-21
	MWI VETERINARY SUPPLY INC	P	2010-10-13
	GYMBOREE CORP	P	2010-11-05
	MIDDLEBY CORP	P	2010-11-05
	WMS INDUSTRIES INC	P	2010-11-05
	DWS EQUITY TRUST ALT ASSET ALLOCATIO	P	2010-01-29
	EXPRESS SCRIPTS INC COMMON	P	2010-04-09
	BMC SOFTWARE INC	P	2010-05-21
	MATTEL INC	P	2010-05-21
	WESTERN DIGITAL CORP	P	2010-07-07
	TYSON FOODS INC - CL A	P	2010-11-02
	WATSON PHARMACEUTICALS INC	P	2010-11-04
	ENDO PHARMACEUTICALS HLDGS INC	P	2010-12-08
	MCKESSON CORP	P	2010-12-08
	MICRON TECHNOLOGY INC	P	2010-01-22
	FRONTIER COMMUNICATIONS CORP	P	2010-07-08
	DEUTSCHE TELEKOM AG SPONS ADR	P	2010-11-05
	ALCATEL-LUCENT SPONS ADR	P	2010-12-29
	ENI S P A SPONS ADR	P	2010-12-29
	MITSUBISHI UFJ FINL GROUP INC SPONS	P	2010-12-29
	SEVEN & I HOLDINGS CO LTD UNSPONS AD	P	2010-12-29
	TOTAL S.A.	P	2010-12-29
	TOWER GROUP INC	P	2010-05-11
	HMS HOLDINGS CORP	P	2010-05-21
	PROSPERITY BANCSHARES INC	P	2010-05-21
	WMS INDUSTRIES INC	P	2010-05-21
	CHURCH & DWIGHT CO INC	P	2010-10-18
	INTEGRA LIFESCIENCES HOLDINGS	P	2010-11-05
	MOOG INC -- CL A	P	2010-11-05
	WASTE CONNECTIONS INC	P	2010-11-05
	ING MUTUAL FDS GLOBAL REAL EST FD CL	P	2010-02-16
	FREEPORT MCMORAN COPPER & GOLD	P	2010-04-09
	BED BATH & BEYOND INC	P	2010-05-21
	NEWFIELD EXPLORATION CO	P	2010-05-21
	VALEANT PHARMACEUTICALS INTL	P	2010-07-13
	APPLE INC	P	2010-11-04
	WHOLE FOODS MARKET INC	P	2010-11-04
	EXXON MOBIL CORP	P	2010-12-08
	METROPCS COMMUNICATIONS INC	P	2010-12-08
	KT CORP SPONS ADR	P	2010-02-04
	SARA LEE CORP	P	2010-07-08
	DOW CHEMICAL CO	P	2010-11-05
	BB&T CORP	P	2010-12-29
	ERICSSON L M TEL CO ADR CL B SEK 10	P	2010-12-29
	MIZUHO FINL GROUP INC SPONS ADR	P	2010-12-29
	SUMITOMO MITSUI FINL GROUP INC	P	2010-12-29
	UNILEVER N V NEW YORK SHS NEW ADR	P	2010-12-29
	AAR CORP	P	2010-05-21
	HITTITE MICROWAVE CORP	P	2010-05-21
	QIAGEN NV EUR 0.01	P	2010-05-21
	WASTE CONNECTIONS INC	P	2010-05-21
	RIVERBED TECHNOLOGY INC	P	2010-10-22
	INFORMATICA CORPORATION	P	2010-11-05
	NUVASIVE INC COMMON	P	2010-11-05
	WARNACO GROUP INC NEW	P	2010-11-05
	DWS EQUITY TRUST ALT ASSET ALLOCATIO	P	2010-04-23
	MCDONALDS CORP	P	2010-04-09
	BROWN FORMAN CORP - CL B	P	2010-05-21
	PNC FINANCIAL SVCS GROUP INC	P	2010-05-21
	WMS INDUSTRIES INC	P	2010-07-20
	BMC SOFTWARE INC	P	2010-11-04
	ENERGIZER HOLDINGS INC	P	2010-11-09
	EATON CORP	P	2010-12-08
	MANPOWER INC - WISC	P	2010-12-08
	SANOFI AVENTIS SPONS ADR	P	2010-02-16
	AKZO NOBEL NV SPONS ADR	P	2010-07-23
	FRANCE TELECOM SPONS ADR	P	2010-11-05
	BANK OF AMERICA CORP	P	2010-12-29
	FRANCE TELECOM SPONS ADR	P	2010-12-29
	MERCK & CO INC	P	2010-12-29
	SONY CORP -- ADR NEW	P	2010-12-29
	VALERO ENERGY CORP NEW	P	2010-12-29
	ANSYS INC	P	2010-05-21
	ICONIX BRAND GROUP INC	P	2010-05-21
	PORTFOLIO RECOVERY ASSOCIATES	P	2010-05-21
	WARNACO GROUP INC	P	2010-05-21
	AAR CORP	P	2010-11-05
	HMS HOLDINGS CORP	P	2010-11-05
	NETLOGIC MICROSYSTEMS INC	P	2010-11-05
	WRIGHT EXPRESS CORP	P	2010-11-05
	DWS EQUITY TRUST ALT ASSET ALLOCATIO	P	2010-05-26
	PACTIV CORP	P	2010-04-09
	CAPITAL ONE FINANCIAL CORP	P	2010-05-21
	PARKER HANNIFIN CORP	P	2010-05-21
	LENDER PROCESSING SVCS INC	P	2010-07-29
	ENDO PHARMACEUTICALS HLDGS INC	P	2010-11-04
	JABIL CIRCUIT INC	P	2010-11-22
	EXPRESS SCRIPTS INC COMMON	P	2010-12-08
	MATTEL INC	P	2010-12-08
	CONTAX PARTICIPACOES SA SPONS ADR	P	2010-03-08
	SARA LEE CORP	P	2010-07-26
	MARKS & SPENCER GROUP PLC SPONS ADR	P	2010-11-05
	BRASIL TELECOM SA SPONS ADR	P	2010-12-29
	FUJIFILM HOLDINGS CORPORATION ADR	P	2010-12-29
	MS&AD INSURANCE GROUP HLDS INC	P	2010-12-29
	SUNTRUST BANKS INC	P	2010-12-29
	VERIZON COMMUNICATIONS	P	2010-12-29
	AFFILIATED MANAGERS GROUP INC	P	2010-05-21
	HAEMONETICS CORP -- MASS	P	2010-05-21
	PETROHAWK ENERGY CORP	P	2010-05-21
	WRIGHT EXPRESS CORP	P	2010-05-21
	ANSYS INC	P	2010-11-05
	HITTITE MICROWAVE CORP	P	2010-11-05
	PROSPERITY BANCSHARES INC	P	2010-11-05
	WABCO HOLDINGS INC	P	2010-11-05
	HOME DEPOT INC	P	2010-01-04
	ROSS STORES INC	P	2010-04-09
	CHURCH & DWIGHT CO INC	P	2010-05-21
	RED HAT INC	P	2010-05-21
	AEROPOSTALE	P	2010-08-17
	EATON CORP	P	2010-11-04
	ANSYS INC	P	2010-12-08
	FREEPORT MCMORAN COPPER & GOLD	P	2010-12-08
	NETAPP INC	P	2010-12-08
	DOW CHEMICAL CO	P	2010-03-19
	BRISTOL MYERS SQUIBB CO	P	2010-07-27
	PORTUGAL TELECOM SGPS SA SPONS ADR	P	2010-11-05
	BRASIL TELECOM SA SPONS ADR	P	2010-12-29
	FITH THIRD BANCORP	P	2010-12-29
	MICROSOFT CORP	P	2010-12-29
	SUPERVALU INC	P	2010-12-29
	VIVO PARTICIPACOES S A SPONS ADR	P	2010-12-29
	ALIGN TECHNOLOGY INC	P	2010-05-21
	IDEX CORP	P	2010-05-21
	RESMED INC	P	2010-05-21
	WABCO HOLDINGS INC	P	2010-05-21
	AFFILIATED MANAGERS GROUP INC	P	2010-11-05
	ICONIX BRAND GROUP INC	P	2010-11-05
	QIAGEN NV EUR 0.01	P	2010-11-05
	WOLVERINE WORLD WIDE INC	P	2010-11-05
	JP MORGAN CHASE & CO	P	2010-01-04
	SAIC INC	P	2010-04-09
	CISCO SYSTEMS INC	P	2010-05-21
	ROSS STORES INC	P	2010-05-21
	CISCO SYSTEMS INC	P	2010-08-17
	FREEPORT MCMORAN COPPER & GOLD	P	2010-11-04
	AUTOLIV INC	P	2010-12-08
	FRANKLIN RESOURCES INC	P	2010-12-08
	PRICELINE COM INC COM NEW	P	2010-12-08
	EBAY INC	P	2010-03-26
	VERIZON COMMUNICATIONS	P	2010-08-06
	SAFEWAY INC	P	2010-11-05
	BOSTON SCIENTIFIC CORP	P	2010-12-29
	GENERAL ELECTRIC CO	P	2010-12-29
	MOTOROLA INC	P	2010-12-29
	TELE NORTE LESTE PARTICIPACOES SPONS	P	2010-12-29
	WELLS FARGO & CO	P	2010-12-29
	ATHEROS COMMUNICATIONS INC	P	2010-05-21
	IDEXX LABORATORIES CORP	P	2010-05-21
	STERICYCLE INC	P	2010-05-21
	WOLVERINE WORLD WIDE INC	P	2010-05-21
	ALIGN TECHNOLOGY INC	P	2010-11-05
	HAEMONETICS CORP -- MASS	P	2010-11-05
	PORTFOLIO RECOVERY ASSOCIATES	P	2010-11-05
	NUVASIVE INC COMMON	P	2010-11-19
	GOLDMAN SACHS GROUP INC	P	2010-01-06
	WHOLE FOODS MARKET INC	P	2010-04-09
	COLGATE PALMOLIVE CO	P	2010-05-21
	THOMAS & BETTS CORP	P	2010-05-21
	WAL-MART STORES INC	P	2010-08-17
	FRANKLIN RESOURCES INC	P	2010-11-04
	AMERICAN EXPRESS COMPANY	P	2010-12-08
	GOOGLE INC	P	2010-12-08
	PARKER HANNIFIN CORP	P	2010-12-08
	INTEL CORP	P	2010-03-26
	PORTUGAL TELECOM SGPS SA SPONS ADR	P	2010-08-13
	XEROX CORP	P	2010-11-05
	CITIGROUP INC	P	2010-12-29
	GLAXOSMITHKLINE PLC SPONS ADR	P	2010-12-29
	NIPPON TELEGRAPH & TELEPHONE CORP	P	2010-12-29
	TELECOM ITALIA S P A NEW SPONS ADR	P	2010-12-29
	WESTERN DIGITAL CORP	P	2010-12-29
	ALBERTO CULVER CO	P	2010-05-21
	KENNAMETAL INC	P	2010-05-21
	SYNTEL INC	P	2010-05-21
	SYNTEL INC	P	2010-06-14
	ATHEROS COMMUNICATIONS INC	P	2010-11-05
	IDEX CORP	P	2010-11-05
	RESMED INC	P	2010-11-05
	GYMBOREE CORP CONTRA CUSIP	P	2010-11-23
	APOLLO GROUP INC - CL A	P	2010-01-14
	BRISTOL MYERS SQUIBB CO	P	2010-05-07
	EXPRESS SCRIPTS INC COMMON	P	2010-05-21
	VALEANT PHARMACEUTICALS INTL	P	2010-05-21
	INTEL CORP	P	2010-09-02
	INTERNATIONAL BUSINESS MACHINES	P	2010-11-04
	APPLE INC	P	2010-12-08
	HALLIBURTON CO	P	2010-12-08
	RAYMOND JAMES FINANCIAL CORP	P	2010-12-08
	SARA LEE CORP	P	2010-04-12
	BRISTOL MYERS SQUIBB CO	P	2010-08-19
	TENET HEALTHCARE CORP	P	2010-12-16
	CHEVRON CORPORATION	P	2010-12-29
	INTESA SANPAOLO SPS SPONS ADR	P	2010-12-29
	NOKIA CORPORATION SPONS ADR	P	2010-12-29
	TIM PARTICIPACOES S A SPONS ADR	P	2010-12-29
	XEROX CORP	P	2010-12-29
	COVANCE INC	P	2010-05-21
	KNIGHT TRANSPORTATION INC	P	2010-05-21
	SKYWORKS SOLUTIONS INC	P	2010-05-21
	SYNTEL INC	P	2010-06-15
	ALBERTO CULVER CO	P	2010-11-05
	IDEXX LABORATORIES CORP	P	2010-11-05
	STERICYCLE INC	P	2010-11-05
	CADBURY PLC SPONS ADR	P	2010-01-27
	VALEANT PHARMACEUTICALS INTL	P	2010-01-29
	MCAFEE INC	P	2010-05-07
	FRANKLIN RESOURCES INC	P	2010-05-21
	WMS INDUSTRIES INC	P	2010-05-21
	TIBCO SOFTWARE INC	P	2010-09-28
	LIMITED BRANDS INC	P	2010-11-04
	ARROW ELECTRONICS INC	P	2010-12-08
	HANSEN NATURAL CORP	P	2010-12-08
	ROSS STORES INC	P	2010-12-08
	ROYAL BANK OF SCOTLAND GROUP PLC ADR	P	2010-04-15
	BRISTOL MYERS SQUIBB CO	P	2010-08-25
	MOTOROLA INC	P	2010-12-23
	CARREFOUR SA UNSPONS ADR	P	2010-12-29
	INTEL CORP	P	2010-12-29
	PFIZER INC	P	2010-12-29
	TOKIO MARINE HLDGS INC ADR	P	2010-12-29
	QUANTA SERVICES INC	P	2010-01-15
	CONCHO RESOURCES INC	P	2010-05-21
	LKQ CORPORATION	P	2010-05-21
	SIRONA DENTAL SYSTEMS INC	P	2010-05-21
	VALMONT INDUSTRIES INC	P	2010-07-22
	COVANCE INC	P	2010-11-05
	KENNAMETAL INC	P	2010-11-05
	SKYWORKS SOLUTIONS INC	P	2010-11-05
	SMITH INTERNATIONAL INC	P	2010-02-23
	AVERY DENNISON CORP	P	2010-02-22
	VALEANT PHARMACEUTICALS INTL	P	2010-05-07
	HEWLETT PACKARD CO	P	2010-05-21
	WHOLE FOODS MARKET INC	P	2010-05-21
	WHIRLPOOL CORP	P	2010-09-28
	MANPOWER INC - WISC	P	2010-11-04
	BMC SOFTWARE INC	P	2010-12-08
	HELMERICH & PAYNE INC	P	2010-12-08
	TIBCO SOFTWARE INC	P	2010-12-08
	HOME DEPOT INC	P	2010-04-23
	VERIZON COMMUNICATIONS	P	2010-08-30
	VERIZON COMMUNICATIONS	P	2010-12-18
	CENTRAIS ELECTRICAS BRASILIERAS SAE	P	2010-12-29
	KONINKLIJKE AHOLD NV SPONS ADR NEW	P	2010-12-29
	PORTUGAL TELECOM SPGS SA SPONS ADR	P	2010-12-29
	TYCO ELECTRONICS LTD SWITZERLAND US	P	2010-12-29
	IDEXX LABORATORIES CORP	P	2010-01-29
	CATALYST HEALTH SOLUTIONS INC	P	2010-05-21
	LITTELFUSE INC	P	2010-05-21
	STANLEY INC	P	2010-05-21
	STANLEY INC CONTRA CUSIP	P	2010-08-18
	CONCHO RESOURCES INC	P	2010-11-05
	KNIGHT TRANSPORTATION INC	P	2010-11-05
	SIRONA DENTAL SYSTEMS INC	P	2010-11-05
	RWE AG SPONS ADR	P	2010-12-08
	CONOCOPHILLIPS	P	2010-02-22
	WHIRLPOOL CORP	P	2010-05-12
	ILLINOIS TOOL WORKS INC	P	2010-05-21
	WESTERN DIGITAL CORP	P	2010-05-21
	MICROSOFT CORP	P	2010-10-05
	NETAPP INC	P	2010-11-04
	BED BATH & BEYOND INC	P	2010-12-08
	HEWLETT PACKARD CO	P	2010-12-08
	THOMAS & BETTS CORP	P	2010-12-08
	HITACHI LTD ADR NEW	P	2010-04-27
	AT&T INC	P	2010-09-02
	DOW CHEMICAL CO	P	2010-12-29
	CANON INC - ADR NEW	P	2010-12-29
	KEYCORP NEW	P	2010-12-29
	SWISS REINSURANCE CO SPONS ADR	P	2010-12-29
	TAKEDA PHARMACEUTICAL CO LTD	P	2010-12-29
	CHATTEM INC CONTRA CUSIP	P	2010-02-10
	CHURCH & DWIGHT CO INC	P	2010-05-21
	MWI VETERINARY SUPPLY INC	P	2010-05-21
	SOLERA HOLDINGS INC	P	2010-05-21
	PORTFOLIO RECOVERY ASSOCIATES	P	2010-08-25
	CATALYST HEALTH SOLUTIONS INC	P	2010-11-05
	LKQ CORPORATION	P	2010-11-05
	SOLERA HOLDINGS INC	P	2010-11-05
	ROUNDING	P
	STRAYER EDUCATION INC	P	2010-02-22
	AUTOLIV INC	P	2010-05-21
	INTEL CORP	P	2010-05-21
	WHIRLPOOL CORP	P	2010-05-21
	NEWFIELD EXPLORATION CO	P	2010-10-06
	PARKER HANNIFIN CORP	P	2010-11-04
	CHECK POINT SOFTWARE TECHNOLOGIES	P	2010-12-08
	ILLINOIS TOOL WORKS INC	P	2010-12-08
	UNITED PARCEL SVC INC CL B	P	2010-12-08
	HOME DEPOT INC	P	2010-05-18
	DAIMLER AG	P	2010-09-20
	ASTRAZENECA PLC SPONS ADR	P	2010-12-29
	CHESAPEAKE ENERGY CORP	P	2010-12-29
	KROGER CO	P	2010-12-29
	STMICROELECTRONICS N V NY REGISTRY S	P	2010-12-29
	TELEFONICA SA SPONS ADR	P	2010-12-29
	AIRGAS INC	P	2010-03-15
	DIODES INC	P	2010-05-21
	MICROS SYSTEMS INC	P	2010-05-21
	SANDRIDGE ENERGY INC	P	2010-05-21
	DIODES INC	P	2010-08-27
	CHURCH & DWIGHT CO INC	P	2010-11-05
	LITTELFUSE INC	P	2010-11-05
	SANDRIDGE ENERGY INC	P	2010-11-05
	VALEANT PHARMACEUTICALS INTL	P	2010-02-22
	AMERICAN EXPRESS COMPANY	P	2010-05-21
	INTERNATIONAL BUSINESS MACHINES	P	2010-05-21
	COLGATE PALMOLIVE CO	P	2010-06-01
	BROWN FORMAN CORP - CL B	P	2010-10-08
	ROSS STORES INC	P	2010-11-04
	CIMAREX ENERGY CO	P	2010-12-08
	INTERNATIONAL BUSINESS MACHINES	P	2010-12-08
	WATSON PHARMACEUTICALS INC	P	2010-12-08
	SARA LEE CORP	P	2010-05-27
	AKZO NOBEL NV SPONS ADR	P	2010-09-21
	AT&T INC	P	2010-12-29
	DEUTSCHE TELEKOM AG SPONS ADR	P	2010-12-29
	ELI LILLY CO	P	2010-12-29
	SAFEWAY INC	P	2010-12-29
	TELEFONOS DE MEXICO SAB DE CV	P	2010-12-29
	MICROSEMI CORP	P	2010-04-21
	GYMBOREE CORP	P	2010-05-21
	MIDDLEBY CORP	P	2010-05-21
	TRUE RELIGION APPAREL INC	P	2010-05-21
	DIODES INC	P	2010-09-02
	DECKERS OUTDOOR CORP	P	2010-11-05
	MWI VETERINARY SUPPLY INC	P	2010-11-05
	TRUE RELIGION APPAREL INC	P	2010-11-05

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	75,000	75,000
b	9,862	11,491	-1,629
c	3,658	1,829	1,829
d	1,245	1,302	-57
e	10,877	9,025	1,852
	4,868	3,544	1,324
	401	250	151
	2,134	2,014	120
	3,986	3,333	653
	4,101	2,482	1,619
	1,384	1,509	-125
	913	766	147
	3,388	3,158	230
	4,313	5,909	-1,596
	5,670	4,658	1,012
	7,126	9,828	-2,702
	5,047	2,610	2,437
	4,672	1,626	3,046
	560	477	83
	616	722	-106
	543	445	98
	3,423	2,852	571
	367	405	-38
	550	217	333
	240	198	42
	40,000	40,000
	12,718	10,546	2,172
	868	912	-44
	3,038	2,362	676
	11,472	5,481	5,991
	8,950	9,560	-610
	683	560	123
	1,995	1,954	41
	3,464	3,047	417
	1,055	1,094	-39
	899	888	11
	1,606	5,806	-4,200
	5,170	11,762	-6,592
	4,117	4,800	-683
	2,789	2,265	524
	3,778	3,957	-179
	5,131	5,119	12
	5,067	5,091	-24
	1,013	462	551
	652	548	104
	308	369	-61
	2,516	1,592	924
	261	212	49
	455	262	193
	576	417	159
	2,500	3,202	-702
	1,239	503	736
	2,625	2,327	298
	910	909	1
	8,700	9,459	-759
	9,484	12,071	-2,587
	402	344	58
	4,537	3,270	1,267
	2,390	1,890	500
	2,007	2,405	-398
	451	447	4
	1,851	2,164	-313
	1,203	5,222	-4,019
	7,227	7,459	-232
	2,619	4,454	-1,835
	4,533	3,991	542
	6,445	6,825	-380
	3,219	4,994	-1,775
	666	312	354
	365	350	15
	1,052	737	315
	3,815	1,202	2,613
	345	272	73
	388	380	8
	480	207	273
	7,400	10,884	-3,484
	429	317	112
	1,885	1,738	147
	768	792	-24
	11,820	6,036	5,784
	1,901	731	1,170
	947	591	356
	2,375	2,466	-91
	4,354	3,814	540
	2,657	2,735	-78
	1,294	1,332	-38
	3,259	4,000	-741
	2,251	2,041	210
	5,078	4,918	160
	3,629	6,781	-3,152
	5,008	9,955	-4,947
	5,209	4,601	608
	454	486	-32
	874	643	231
	637	529	108
	779	386	393
	3,994	2,629	1,365
	860	242	618
	211	308	-97
	386	310	76
	12,000	14,333	-2,333
	11,872	10,816	1,056
	1,106	1,076	30
	2,068	1,867	201
	8,671	9,790	-1,119
	1,155	808	347
	10,476	10,884	-408
	5,484	3,967	1,517
	4,285	3,734	551
	1,834	2,120	-286
	1,472	1,470	2
	1,801	1,635	166
	5,154	7,122	-1,968
	7,354	7,300	54
	3,951	2,017	1,934
	4,846	5,098	-252
	7,266	5,592	1,674
	1,594	744	850
	642	866	-224
	800	339	461
	583	620	-37
	264	254	10
	423	168	255
	441	385	56
	494	352	142
	20,862	25,301	-4,439
	11,551	11,160	391
	1,752	1,596	156
	602	632	-30
	9,840	10,901	-1,061
	1,430	1,038	392
	10,692	12,218	-1,526
	3,205	1,238	1,967
	4,328	3,657	671
	1,190		1,190
	2,386	2,369	17
	3,479	2,500	979
	1,821	2,630	-809
	5,392	4,667	725
	2,835	4,713	-1,878
	2,204	1,627	577
	5,001	3,384	1,617
	508	697	-189
	544	421	123
	468	350	118
	704	705	-1
	874	428	446
	546	335	211
	169	175	-6
	449	230	219
	12,093	10,382	1,711
	1,448	896	552
	2,746	2,340	406
	1,558	814	744
	7,745	9,975	-2,230
	1,859	1,443	416
	3,817	3,637	180
	5,452	3,170	2,282
	4,177	3,176	1,001
	1,055	1,400	-345
	1,131	1,006	125
	1,889	1,591	298
	428	803	-375
	2,145	3,049	-904
	7,015	5,703	1,312
	575	1,783	-1,208
	4,716		4,716
	626	662	-36
	569	399	170
	984	574	410
	318	281	37
	273	299	-26
	362	447	-85
	297	273	24
	546	231	315
	11,343	11,395	-52
	9,769	10,566	-797
	2,114	1,705	409
	1,229	792	437
	9,803	8,352	1,451
	2,071	1,268	803
	4,608	3,068	1,540
	3,443	2,721	722
	4,981	4,178	803
	3,327	1,758	1,569
	1,320	1,446	-126
	2,736	2,611	125
	2,098	4,003	-1,905
	5,958	3,227	2,731
	2,431	1,953	478
	3,859		3,859
	5,503	13,618	-8,115
	540	680	-140
	684	500	184
	571	113	458
	978	448	530
	405	373	32
	289	211	78
	275	110	165
	3,124	4,621	-1,497
	12,370	7,558	4,812
	1,512	1,182	330
	3,354	2,821	533
	1,282	1,232	50
	9,439	10,449	-1,010
	851	657	194
	4,097	3,220	877
	3,535	3,702	-167
	5,111	3,795	1,316
	900	573	327
	955	1,002	-47
	2,675	3,143	-468
	4,217	2,281	1,936
	4,715	6,353	-1,638
	6,404	6,159	245
	9,734	22,413	-12,679
	5,907	4,428	1,479
	335	326	9
	296	341	-45
	425	542	-117
	2,028	2,418	-390
	295	382	-87
	340	189	151
	533	287	246
	3,335	2,707	628
	7,984	8,442	-458
	12,155	10,211	1,944
	2,029	839	1,190
	899	523	376
	8,989	7,537	1,452
	732	459	273
	3,839	1,463	2,376
	4,828	4,103	725
	4,222	3,967	255
	2,213	2,295	-82
	906	783	123
	2,726	5,633	-2,907
	5,521	4,610	911
	1,234	1,767	-533
	3,598	4,582	-984
	2,690		2,690
	3,164	3,771	-607
	574	432	142
	627	337	290
	587	492	95
	1,817	2,350	-533
	261	190	71
	369	273	96
	362	57	305
	11,840	7,706	4,134
	2,720	2,116	604
	8,203	7,600	603
	924	845	79
	920	866	54
	3,351	2,302	1,049
	1,095	911	184
	5,268	4,390	878
	2,658	2,392	266
	3,789	2,032	1,757
	1,123	11,198	-10,075
	2,345	2,012	333
	1,272	1,013	259
	5,705	6,177	-472
	6,081	4,155	1,926
	7,894	8,058	-164
	4,770	5,467	-697
	4,522	4,785	-263
	630	405	225
	690	314	376
	279	188	91
	2,161	2,767	-606
	264	235	29
	350	310	40
	529	271	258
	13,015	9,401	3,614
	9,735	11,786	-2,051
	2,667	1,515	1,152
	1,401	1,206	195
	2,420	1,832	588
	8,318	8,692	-374
	688	640	48
	4,340	3,006	1,334
	4,201	3,717	484
	3,895	2,327	1,568
	1,442	1,149	293
	1,185	967	218
	1,421	967	454
	2,165	1,063	1,102
	5,859	2,680	3,179
	2,566	2,593	-27
	1,392	980	412
	2,301	1,864	437
	894	379	515
	209	253	-44
	734	500	234
	6,150	4,204	1,946
	618	249	369
	297	174	123
	190	118	72
	3,191	4,068	-877
	10,965	10,350	615
	3,059	2,275	784
	915	857	58
	1,284	1,174	110
	9,400	10,168	-768
	1,636	1,254	382
	3,008	2,690	318
	1,706	1,608	98
	4,353	3,359	994
	3,501	2,770	731
	2,585	2,056	529
	1,031	1,200	-169
	6,179	2,598	3,581
	2,309	2,597	-288
	5,139	3,973	1,166
	3,534	3,353	181
	9,070	6,706	2,364
	1,107	372	735
	731	543	188
	740	543	197
	2,549	1,105	1,444
	557	205	352
	429	157	272
	563	284	279
	2		2
	10,940	11,466	-526
	561	635	-74
	3,149	2,298	851
	877	731	146
	12,479	10,747	1,732
	1,603	1,265	338
	3,443	3,368	75
	3,698	3,127	571
	3,965	3,406	559
	3,607	2,874	733
	2,075	1,518	557
	4,618	4,698	-80
	5,578	4,617	961
	5,083	4,903	180
	5,176	8,112	-2,936
	2,662	1,204	1,458
	4,162	1,284	2,878
	389	580	-191
	727	398	329
	279	410	-131
	1,734	3,319	-1,585
	330	109	221
	344	337	7
	126	218	-92
	1,158	810	348
	2,307	2,075	232
	1,254	917	337
	10,195	8,799	1,396
	11,768	10,379	1,389
	952	517	435
	3,332	3,107	225
	3,494	2,202	1,292
	3,115	2,709	406
	779	814	-35
	3,341	3,234	107
	4,955	4,986	-31
	5,687	7,244	-1,557
	4,938	4,771	167
	4,600	4,655	-55
	3,299	1,821	1,478
	3,572	5,816	-2,244
	276	319	-43
	584	481	103
	984	609	375
	791	1,528	-737
	436	315	121
	297	181	116
	359	321	38

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
b			-1,629
c			1,829
d			-57
e			1,852
			1,324
			151
			120
			653
			1,619
			-125
			147
			230
			-1,596
			1,012
			-2,702
			2,437
			3,046
			83
			-106
			98
			571
			-38
			333
			42

			2,172
			-44
			676
			5,991
			-610
			123
			41
			417
			-39
			11
			-4,200
			-6,592
			-683
			524
			-179
			12
			-24
			551
			104
			-61
			924
			49
			193
			159
			-702
			736
			298
			1
			-759
			-2,587
			58
			1,267
			500
			-398
			4
			-313
			-4,019
			-232
			-1,835
			542
			-380
			-1,775
			354
			15
			315
			2,613
			73
			8
			273
			-3,484
			112
			147
			-24
			5,784
			1,170
			356
			-91
			540
			-78
			-38
			-741
			210
			160
			-3,152
			-4,947
			608
			-32
			231
			108
			393
			1,365
			618
			-97
			76
			-2,333
			1,056
			30
			201
			-1,119
			347
			-408
			1,517
			551
			-286
			2
			166
			-1,968
			54
			1,934
			-252
			1,674
			850
			-224
			461
			-37
			10
			255
			56
			142
			-4,439
			391
			156
			-30
			-1,061
			392
			-1,526
			1,967
			671
			1,190
			17
			979
			-809
			725
			-1,878
			577
			1,617
			-189
			123
			118
			-1
			446
			211
			-6
			219
			1,711
			552
			406
			744
			-2,230
			416
			180
			2,282
			1,001
			-345
			125
			298
			-375
			-904
			1,312
			-1,208
			4,716
			-36
			170
			410
			37
			-26
			-85
			24
			315
			-52
			-797
			409
			437
			1,451
			803
			1,540
			722
			803
			1,569
			-126
			125
			-1,905
			2,731
			478
			3,859
			-8,115
			-140
			184
			458
			530
			32
			78
			165
			-1,497
			4,812
			330
			533
			50
			-1,010
			194
			877
			-167
			1,316
			327
			-47
			-468
			1,936
			-1,638
			245
			-12,679
			1,479
			9
			-45
			-117
			-390
			-87
			151
			246
			628
			-458
			1,944
			1,190
			376
			1,452
			273
			2,376
			725
			255
			-82
			123
			-2,907
			911
			-533
			-984
			2,690
			-607
			142
			290
			95
			-533
			71
			96
			305
			4,134
			604
			603
			79
			54
			1,049
			184
			878
			266
			1,757
			-10,075
			333
			259
			-472
			1,926
			-164
			-697
			-263
			225
			376
			91
			-606
			29
			40
			258
			3,614
			-2,051
			1,152
			195
			588
			-374
			48
			1,334
			484
			1,568
			293
			218
			454
			1,102
			3,179
			-27
			412
			437
			515
			-44
			234
			1,946
			369
			123
			72
			-877
			615
			784
			58
			110
			-768
			382
			318
			98
			994
			731
			529
			-169
			3,581
			-288
			1,166
			181
			2,364
			735
			188
			197
			1,444
			352
			272
			279
			2
			-526
			-74
			851
			146
			1,732
			338
			75
			571
			559
			733
			557
			-80
			961
			180
			-2,936
			1,458
			2,878
			-191
			329
			-131
			-1,585
			221
			7
			-92
			348
			232
			337
			1,396
			1,389
			435
			225
			1,292
			406
			-35
			107
			-31
			-1,557
			167
			-55
			1,478
			-2,244
			-43
			103
			375
			-737
			121
			116
			38

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	61,357
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 . . . . . . . . . . . . .		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? Yes No

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	166,087	2,485,409	0.066825
2008	193,257	3,342,261	0.057822
2007	174,920	4,049,912	0.043191
2006	186,000	3,783,942	0.049155
2005	168,296	3,622,029	0.046465

2	Total of line 1, column (d) ......................	2	0.263458
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	0.052692
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	2,687,332
5	Multiply line 4 by line 3.......................	5	141,601
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	880
7	Add lines 5 and 6.........................	7	142,481
8	Enter qualifying distributions from Part XII, line 4..............	8	123,600
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,760
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	1,760
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,760
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	4,944
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,944
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,184
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax3,184	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

NONE

The books are in care of bullet

JANET M HOEHNEN Telephone no. bullet

(414) 276-3400

Located at bullet

111 EAST WISCONSIN AVE SUITE 1800MILWAUKEEWI ZIP+4 bullet

53202

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
FRANK W BASTIAN	DIRECTOR 5.00	0	0	0
111 EAST WISCONSIN AVE SUITE 1800 MILWAUKEE,WI53202	DIRECTOR 5.00	0	0	0
JANET HOEHNEN	DIRECTOR 5.00	0	0	0
111 EAST WISCONSIN AVE SUITE 1800 MILWAUKEE,WI53202	DIRECTOR 5.00	0	0	0

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...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A
2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,728,256

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

2,728,256

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

2,728,256

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

40,924

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,687,332

Minimum investment return. Enter 5% of line 5...................

134,367

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

134,367

Tax on investment income for 2010 from Part VI, line 5......

1,760

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,760

Distributable amount before adjustments. Subtract line 2c from line 1............

132,607

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

132,607

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

132,607

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

123,600

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

123,600

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

123,600

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)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7		132,607
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......	123,563
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2010:
a From 2005.......
b From 2006.......
c From 2007.......
d From 2008.......
e From 2009.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2010 from Part
XII, line 4: $ 123,600
a Applied to 2009, but not more than line 2a	123,563
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2010 distributable amount.....		37
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2010.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........		132,570
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2006....
b Excess from 2007....
c Excess from 2008....
d Excess from 2009....
e Excess from 2010....

Form 990-PF (2010)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AURORA HEALTH CARE FOUNDA 950 NORTH 12TH STREET ST MILWAUKEE,WI53233		PUBLIC	GENERAL	5,000
CHARLES E KUBLY FOUNDATI PO BOX 170284 MILWAUKEE,WI53217		PUBLIC	GENERAL	2,500
CHILDREN'S HOSPITAL & HEA MS3050 PO BOX 1997 MILWAUKEE,WI53201		PUBLIC	GENERAL	5,000
DAN & PATTI RASHKE FOUNDA 23 HAWK FEATHER CIRCLE MADISON,WI53717		PRIVATE FDN	GENERAL	75,000
HUNGER TASK FORCE 201 SOUTH HAWLEY COURT MILWAUKEE,WI53214		PUBLIC	GENERAL	6,100
KATHY'S HOUSE INC 600 NORTH 103RD STREET MILWAUKEE,WI53226		PUBLIC	GENERAL	5,000
MOUNT MARY COLLEGE 2900 N MENOMONEE RIVER PK MILWAUKEE,WI53222		PUBLIC	GENERAL	20,000
SPECIAL OLYMPICS WISCONSI W148 N8367 ALBERT LANE MENOMONEE FALLS,WI53051		PUBLIC	GENERAL	5,000
Total ................................. 3a				123,600

bApproved for future payment

Total .................................. 3b

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
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	70,342
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.....			14	62
8Gain or (loss) from sales of assets other than inventory			18	61,357
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)..				131,761

13Total. Add line 12, columns (b), (d), and (e)...................

13131,761

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
CHECK PRINTING