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
FREAS FOUNDATION MAN AGY 1871001360
 

Number and street (or P.O. box number if mail is not delivered to street address)2201 RIDGEWOOD RD STE 180   Room/suite
City or town, state, and ZIP code
WYOMISSING, PA19610
A Employer identification number

22-1714810
B Telephone number (see page 10 of the instructions)

(215) 412-8572
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$3,321,706J 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 370 370  
4 Dividends and interest from securities...... 121,446 121,446  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 146,263
b Gross sales price for all assets on line 6a 1,823,687
7 Capital gain net income (from Part IV, line 2)... 146,263
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 268,079 268,079  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see page 14 of the instructions) 1,162     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 13,915      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,077 0 0 0
25 Contributions, gifts, grants paid........ 135,348 135,348
26 Total expenses and disbursements. Add lines 24 and 25 150,425 0 0 135,348
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 117,654
b Net investment income (if negative, enter -0-) 268,079
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...............   6,332 6,332
2 Savings and temporary cash investments.......... 180,393 39,386 39,386
3 Accounts receivable bullet1,912
Less: allowance for doubtful accounts bullet     1,912 1,912
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...........   1,100 1,100
10a Investments—U.S. and state government obligations (attach schedule) 97,655 Click to see attachment103,334 102,112
b Investments—corporate stock (attach schedule)........ 2,024,342 Click to see attachment1,987,648 2,320,290
c Investments—corporate bonds (attach schedule)........ 272,275 Click to see attachment195,952 203,762
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 253,445 Click to see attachment609,700 646,812
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,828,110 2,945,364 3,321,706
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......... 2,828,110 2,945,364
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).................... 2,828,110 2,945,364
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,828,110 2,945,364
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 2,828,110
2 Enter amount from Part I, line 27a...................... 2 117,654
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,945,764
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 400
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 2,945,364
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 125000. NEW YORK TEL CO 6.125% 01/15/2010   1999-05-15 2010-01-15
b 103.35 SEI SDIT PRIME OBL CL A 34   2010-03-01 2010-03-10
c 677.3 SEI SDIT PRIME OBL CL A 34   2010-03-01 2010-04-12
d 1194.32 SEI SDIT PRIME OBL CL A 34   2010-03-01 2010-04-13
e 479.29 SEI SDIT PRIME OBL CL A 34   2010-03-01 2010-04-19
165749.53 SEI SDIT PRIME OBL CL A 34   2010-04-15 2010-04-26
656. BP P L C SPONSORED ADR COM   1996-08-29 2010-06-04
800. ANADARKO PETROLEUM CORP COM   2002-02-22 2010-06-15
100000. FFCB NOTE DTD 05/20/2009 4.8% 05/20/2024   2009-06-23 2010-07-02
952. AUTOMATIC DATA PROCESSING CORP COM   2009-06-06 2010-09-08
1000. BANK OF NEW YORK MELLON CORP COM   2006-08-09 2010-09-08
1462. CVS CORP COM   2009-06-09 2010-09-08
7307. CITIGROUP INC COM   2008-03-04 2010-09-08
875. DOW CHEM CO COM   2005-02-23 2010-09-08
100. ISHARESTR RUSSELL DOW JONES US CONSUMER SERVICES SECTOR INDEX FUN   2009-09-23 2010-09-08
900. ISHARESTR RUSSELL DOW JONES US UTILITIES   2005-08-04 2010-09-08
2300. ISHARESTR RUSSELL DJ US TELECOMMUNICATIONS SECTOR INDEX FUND   2005-12-07 2010-09-08
100. ISHARESTR RUSSELL DOW JONES US TECHNOLOG   2009-09-23 2010-09-08
100. ISHARESTR RUSSELL DOW JONES U.S. INDUSTRIAL SECTOR INDEX FUND   2009-09-23 2010-09-08
100. ISHARESTR RUSSELL DOW JONES U.S. HEALTHCARE SECTOR INDEX FUND   2009-09-23 2010-09-08
100. ISHARESTR RUSSELL DOW JONES U.S. FINANCIAL SECTOR INDEX FUND   2009-09-23 2010-09-08
100. ISHARESTR RUSSELL DJ US ENERGY SECTOR I   2009-09-23 2010-09-08
100. ISHARESTR RUSSELL DOW JONES U.S. CONSUMER GOODS SECTOR INDEX FUND   2009-09-23 2010-09-08
1079. KAYDON CORP COM   2009-06-06 2010-09-08
449. KELLOGG CO COM   2006-08-09 2010-09-08
1000. MORGAN STANLEY DEAN WITTER COM   2004-09-09 2010-09-08
649. ROYAL DUTCH SHELL PLC ADR A   2009-06-06 2010-09-08
31184.157 WELLS FARGO HIGH YIELD INC FD CL A   2002-11-15 2010-09-08
280.012 WELLS FARGO HIGH YIELD INC FD CL A   2010-06-01 2010-09-08
2000. WEATHERFORD INTNTL LTD NEW COM   2005-08-04 2010-09-08
105. COVANCE INC COM   2010-09-13 2010-09-21
45. PERRIGO CO COM   2010-09-13 2010-09-21
55. AMPHENOL CORPORATION CL A   2010-09-13 2010-09-23
15. FACTSET RESEARCH SYSTEMS INC COM   2010-09-13 2010-09-23
120. LENNOX INTERNATIONAL INC COM   2010-09-13 2010-09-23
15. NETFLIX INC COM   2010-09-13 2010-09-23
20. GYMBOREE CORP COM   2010-09-13 2010-10-11
95. GYMBOREE CORP COM   2010-09-13 2010-10-12
1100. AVON PRODUCTS INC COM   2009-06-09 2010-11-15
95000. SALLIE MAE BANK NOTE DTD 11/13/2008 4.2%   2008-11-07 2010-11-15
55000. GE CAPITAL FINL INC DTD 11/28/2008 4.25%   2008-11-13 2010-11-22
953. CINTAS CORP COM   2009-06-06 2010-11-24
1561. CONOCOPHILLIPS COM   2009-09-22 2010-11-24
808. FAMILY DOLLAR STORES COM   2009-06-09 2010-11-24
1426. HOME DEPOT INC COM   2009-06-09 2010-11-24
947. ILLINOIS TOOL WORKS COM   2009-06-06 2010-11-24
1200. JP MORGAN CHASE & CO COM   2005-02-23 2010-11-24
1348. MICROCHIP TECHNOLOGY INC COM   2009-06-06 2010-11-24
866. PHILIP MORRIS INTERNATIONAL INC. COM   2009-06-09 2010-11-24
547. SHERWIN-WILLIAMS CO COM   2009-06-09 2010-11-24
889. SMUCKER (J.M.) CO COM NEW   2009-06-09 2010-11-24
1075. UNITEDHEALTH GROUP INC COM   2009-06-09 2010-11-24
1076. ACCENTURE PLC CL A COM   2009-09-22 2010-11-24
385. NICOR INC COM   2010-11-29 2010-12-03
320. CONSTELLATION ENERGY GROUP INC COM   2010-09-13 2010-12-20
.5 ROLLINS INC COM   2010-09-13 2010-12-30
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 125,000   122,019 2,981
b 103   103  
c 677   677  
d 1,194   1,194  
e 479   479  
165,750   165,750  
25,216   23,270 1,946
35,655   21,338 14,317
100,000   97,655 2,345
37,737   36,537 1,200
25,680   35,990 -10,310
41,505   45,065 -3,560
27,620   24,823 2,797
22,496   26,352 -3,856
5,800   5,286 514
68,300   63,210 5,090
47,747   54,697 -6,950
5,397   5,216 181
5,563   5,169 394
6,019   5,914 105
5,159   5,409 -250
3,100   3,242 -142
5,807   5,302 505
36,724   39,494 -2,770
22,654   21,669 985
25,880   46,422 -20,542
36,525   35,572 953
95,735   100,000 -4,265
860   843 17
30,640   32,590 -1,950
4,449   4,116 333
2,859   2,713 146
2,577   2,608 -31
1,202   1,245 -43
4,926   5,053 -127
2,399   2,217 182
1,295   785 510
6,165   3,730 2,435
32,218   29,566 2,652
95,000   95,000  
55,000   55,000  
25,988   21,995 3,993
95,594   58,842 36,752
40,868   24,919 15,949
44,305   34,828 9,477
44,846   35,255 9,591
45,539   41,356 4,183
46,424   31,307 15,117
51,047   38,042 13,005
41,105   30,634 10,471
55,851   38,900 16,951
38,796   27,993 10,803
47,526   33,140 14,386
17,536   16,864 672
9,140   10,022 -882
10   7 3
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       2,981
b        
c        
d        
e        
       
      1,946
      14,317
      2,345
      1,200
      -10,310
      -3,560
      2,797
      -3,856
      514
      5,090
      -6,950
      181
      394
      105
      -250
      -142
      505
      -2,770
      985
      -20,542
      953
      -4,265
      17
      -1,950
      333
      146
      -31
      -43
      -127
      182
      510
      2,435
      2,652
       
       
      3,993
      36,752
      15,949
      9,477
      9,591
      4,183
      15,117
      13,005
      10,471
      16,951
      10,803
      14,386
      672
      -882
      3
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 2 146,263
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 175,464 2,884,391 0.060832
2008 217,376 3,602,683 0.060337
2007 213,058 4,218,319 0.050508
2006 194,331 4,030,625 0.048214
2005 186,299 3,960,537 0.047039
2 Total of line 1, column (d) ...................... 2 0.26693
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 0.053386
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,153,174
5 Multiply line 4 by line 3....................... 5 168,335
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,681
7 Add lines 5 and 6......................... 7 171,016
8 Enter qualifying distributions from Part XII, line 4.............. 8 135,348
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 5,362
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 5,362
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 5,362
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,220
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 1,220
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 4,142
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11 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)bulletPA
    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 ofbulletNATIONAL PENN INVESTORS TRUST CO Telephone no.bullet (610) 372-6414
    Located atbullet2201 RIDGEWOOD ROAD STE 180WYOMISSINGPA ZIP+4bullet19610
    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
    ARTHUR K FREAS PRESIDENT
    0     		0    
    5475 FLORENCE POINT DR
    FERNANDINA BEACH,FL32034
    LAWRENCE FREAS TREASURER
    0     		0    
    4425 EDGEHAM COURT
    EARLYSVILLE,VA22936
    NANCY PRATT VICE PRESIDENT
    0     		0    
    1435 OLD RELIANCE ROAD
    MIDDLETOWN,PA17057
    SUSAN MAGARGEE SECRETARY
    0     		0    
    484 STEELE HOLLOW
    JULIAN,PA16844
    DONALD FREAS VICE PRESIDENT
    0     		0    
    PO BOX 11951
    OLYMPIA ISLAND,WA985011951
    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 MARGARET E MOUL HOME 2050 BARLEY ROAD YORK PA 17404 5,000
    2 WOODLAND TRAIL GREENWAY ASSN PO BOX 7054 OLYMPIA WA 98507 6,300
    3 OUTREACH DEVELOPMENT 405 KELLER BUILDING UNIVERSITY PARK PA 16802 2,000
    4 ARMED FORCES COMM & ELECTRONICS ASSN PO BOX 6095 CHARLOTTSVILLE VA 22902 1,000
    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
    2,958,068
    b
    Average of monthly cash balances.......................
    1b
    243,124
    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
    3,201,192
    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
    3,201,192
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    48,018
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,153,174
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    157,659
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    157,659
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    5,362
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,362
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    152,297
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    152,297
    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
    152,297
    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
    135,348
    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
    135,348
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    135,348
    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 7 152,297
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 135,348
    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$ 135,348
    a Applied to 2009, but not more than line 2a 135,348
    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..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		152,297
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006.... 0
    b Excess from 2007.... 0
    c Excess from 2008.... 0
    d Excess from 2009.... 0
    e Excess from 2010.... 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALBEMARLE HIGH SCHOOL
    ATHLETIC DEPARTMENT
    2775 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL FUND 10,000
    AMELIA PLANTATION CHAPEL
    1450 BOWMAN ROAD
    AMELIA ISLAND,FL320358014     		NONE 501(C)(3) GENERAL FUND 4,193
    CAPON BRIDGE ELEMENTARY
    SCHOOL
    PO BOX 127
    CAPON BRIDGE,WV26711     		NONE 501(C)(3) GENERAL FUND 2,050
    CENTRAL PENNSYLVANIA FOOD
    BANK
    3908 COREY ROAD
    HARRISBURG,PA17109     		NONE 501(C)(3) GENERAL FUND 2,500
    CENTRE COUNTY LAW
    ENFORCEMENT CAMP CADET INC
    118 S FRASER STREET
    STATE COLLEGE,PA168013899     		NONE 501(C)(3) GENERAL FUND 1,000
    CENTRE VOLUNTEERS IN
    MEDICINE
    251 EASTERLY PKWY SUITE 102
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 2,895
    DISPLACED HOMEMAKERS OF
    YORK INC
    320 E MARKET STREET
    YORK,PA17403     		NONE 501(C)(3) GENERAL FUND 1,755
    FORT EDWARDS FOUNDATION
    PO BOX 623
    CAPON BRIDGE,WV26711     		NONE 501(C)(3) GENERAL FUND 4,500
    GARDEN-RAISED BOUNTY
    (GRUB)
    711 STATE AVENUE NE
    OLYMPIA,WA98506     		NONE 501(C)(3) GENERAL FUND 12,000
    HARRIS STREET UNITED
    METHODIST CHURCH
    250 HARRIS STREET
    HARRISBURG,PA17102     		NONE 501(C)(3) GENERAL FUND 1,000
    HARRISBURG AREA COMMUNITY
    COLLEGE
    ONE HACC WAY
    HARRISBURG,PA17110     		NONE 501(C)(3) GENERAL FUND 7,000
    KALTREIDER-BENFER LIBRARY
    147 SOUTH CHARLES STREET
    RED LION,PA17356     		NONE 501(C)(3) GENERAL FUND 3,000
    MARTIN LIBRARY
    ASSOCIATION
    159 E MARKET STREET
    YORK,PA17401     		NONE 501(C)(3) GENERAL FUND 5,000
    ORCH OF ALBERMALE HIGH
    JOUETT & SUTHERLAND SCHS
    2775 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL FUND 5,000
    SCHLOW CENTRE COUNTY
    LIBRARY
    211 S ALLEN STREET
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 4,000
    SUSAN P BYRNES HEALTH
    EDUCATION CENTER
    515 S GEORGE STREET
    YORK,PA17403     		NONE 501(C)(3) GENERAL FUND 7,500
    TENNIS FOR KIDS INC
    953 S ROYAL STREET
    YORK,PA17402     		NONE 501(C)(3) GENERAL FUND 2,000
    THE SECOND MILE
    1402 S ATHERTON STREET
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 2,500
    UNITARIAN CHURCH OF
    HARRISBURG
    1280 CLOVER LANE
    HARRISBURG,PA17113     		NONE 501(C)(3) GENERAL FUND 5,200
    YORK BENEVOLENT
    ASSOCIATION
    301 KINGS MILL ROAD
    YORK,PA17405     		NONE 501(C)(3) GENERAL FUND 5,000
    YORK COUNTY LITERACY
    COUNCIL
    800 E KING STREET
    YORK,PA17403     		NONE 501(C)(3) GENERAL FUND 3,000
    YORK COUNTY RAIL TRAIL
    AUTHORITY
    PO BOX 335
    SEVEN VALLEYS,PA17360     		NONE 501(C)(3) GENERAL FUND 2,500
    YORK JEWISH COMMUNITY
    CENTER
    2000 HOLLYWOOD DRIVE
    YORK,PA17403     		NONE 501(C)(3) GENERAL FUND 1,500
    HOUSE OF CARE
    515 W BEAVER AVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 3,600
    MANADA CONSERVANCY
    PO BOX 25
    HUMMELSTOWN,PA17036     		NONE 501(C)(3) GENERAL FUND 2,850
    STATE THEATRE INC
    130 W COLLEGE AVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 2,500
    DONE AND DONE
    PO BOX 6382
    OLYMPIA,WA98507     		NONE 501(C)(3) GENERAL 4,250
    GLOBAL EMERGENCY HEALTH
    CARE CENTER
    2033 W IOWA ST 3
    CHICAGO,IL60622     		NONE 501(C)(3) GENERAL 3,855
    KIDS CHANCE OF MARYLAND
    INC
    PO BOX 20262
    TOWSON,MD21284     		NONE 501(C)(3) GENERAL 2,000
    YMCA OF CENTRE COUNTY
    677 W WHITEHALL ROAD
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 2,200
    ATKINS HOUSE
    313 E KING STREET
    YORK,PA17403     		NONE 501(C)(3) GENERAL FUND 4,700
    ARMED FORCES COMM & ELECTRONICS
    ASSN
    PO BOX 6095
    CHARLOTTSVILLE,VA22902     		NONE 501 (C)(3) GENERAL FUND 1,000
    MARGARET E MOUL HOME
    2050 BARLEY ROAD
    YORK,PA17404     		NONE 501(C)(3) GENERAL FUND 11,300
    OUTREACH DEVELOPMENT
    PENN STATE UNIVERSITY
    405 KELLER BUILDING
    UNIVERSITY PARK,PA16802     		NONE 501(C)(3) GENERAL FUND 2,000
    Total .................................bullet 3a 135,348
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 370  
    4 Dividends and interest from securities....     14 121,446  
    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     18 146,263  
    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)..   268,079  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13268,079
    (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 InvestmentsCorpBondsSchedule
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANHEUSER BUSCH COS 7.5%3/15/12 49,780 53,691
    NEW YORK TEL CO 6.125% 1/15/10    
    GE CAP CORP 5.4% 2/15/07 50,288 53,522
    WAL-MART STORES 4.125% 2/1/19 50,188 51,554
    JP MORGAN CHASE & CO 1/29/08 5,974 5,925
    COSTCO WHSL CORP 2/20/2007 5.5 5,814 5,697
    GENERAL ELECTRIC CO 1/28/2003 5,375 5,345
    GLAXOSMITHKLINE CAP INC 5/13 5,840 5,717
    INTERNATIONA BUS MACHS 9/14/07 5,832 5,739
    ORACLE CORP 7/8/2009 3.75% 5,359 5,314
    SBC COMMUNICATIONS 8/18/04 5.6 5,727 5,606
    WAL-MART STORES 4/5/07 5.375% 5,775 5,652

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ANADARKO PETE CORP    
    BP PLC SPS ADR    
    CITIGROUP INC    
    CONOCOPHILLIPS    
    DOW CHEMICAL CO    
    EXXON MOBIL CORP 1,745 47,528
    GENERAL ELECTRIC 6,838 7,773
    INTL BUSINESS MACHINES CORP 41,842 73,380
    J P MORGAN CHASE & CO    
    JOHNSON & JOHNSON 40,633 46,511
    MICROSOFT CORP 14,882 16,327
    PRAXAIR INC 34,830 95,470
    PROCTER & GAMBLE CO 22,775 47,540
    DANAHER CORP 18,003 19,576
    MORGAN STANLEY    
    UNITED TECHNOLOGIES CORP 21,697 22,829
    WALGREEN CO 33,895 42,233
    CITIGROUP CAP VII TRUPS 7.125% 101,994 98,158
    MORGAN STANLEY 5.75% 7/15/33 96,701 89,667
    TENNESSE VALLEY PREF D 122,727 124,950
    TENNESSE VALLEY 6.5% PREF 121,457 124,146
    WEATHERFORD INTL LTD    
    GOLDMAN SACHS GROUP INC 38,034 58,856
    PEPSICO INC COM 22,439 22,866
    J P MORGAN 5.875% PREFERRED 100,942 103,488
    KELLOGG COMPANY, COMMON    
    APPLE, INCORPORATED 20,593 20,966
    AT&T, INCORPORATED 18,355 19,391
    BANK OF NEW YORK MELLON CORP    
    GENERAL ELECTRIC CAP PFD 100,790 101,920
    HEWLETT PACKARD CO 17,745 17,472
    LABORATORY COPR OF AMER HLDG 10,184 10,990
    L3 COMMUNICATIONS HLDG 7,641 7,754
    NIKE INC 38,680 52,448
    TEVA PHARMACEUTICAL INDS LTD 29,892 14,701
    FAMILY DOLLAR STORES INC    
    HOME DEPOT INC    
    SHERWIN WILLIAMS CO    
    CINTAS CORP    
    COCA COLA CO 36,892 49,328
    SYSCO CORP 40,184 49,598
    JM SMUCKER CO    
    ALTRIA GROUP INC 30,640 43,405
    PHILIP MORRIS INTERNATIONAL    
    COLGATE PALMOLIVE CO 38,297 43,721
    AVON PRODUCTS INC    
    CVS CAREMARK CORP    
    UNITEDHEALTH GROUP INC    
    AMGEN INC 42,871 46,171
    CHEVRON CORPORATION 41,496 53,199
    ROYAL DUTCH SHELL SPONS ADR    
    3M CO 37,345 53,333
    KAYDON CORP    
    ILLINOIS TOOL WKS INC    
    ACCENTURE PLC CL A    
    AUTOMATIC DATA PROCESSING INC    
    MICROCHIP TECHNOLOGY INC    
    AFLAC INC 14,336 15,518
    ADTRAN INC 4,937 5,250
    AEROPOSTALE INC 7,620 8,131
    ALTERA CORPORATION 18,262 18,324
    AMERICAN FINCL GROUP INC 10,899 11,786
    AMETEK INC 15,558 20,018
    AMPHENOL CORPORATION 11,141 12,403
    AVISTA CORP 11,974 11,936
    BJ'S WHOLESALE CLUB INC 7,893 9,101
    BMC SOFTWARE INC 7,313 8,721
    BOB EVANS FARMS 6,538 7,746
    BROADRIDGE FINL SOL LLC 8,100 7,895
    CH ROBINSON WORLDWID INC 14,399 15,637
    CALGON CARBON CORP 3,440 3,931
    CATALYST HEALTH SOLUTIONS INC 10,733 11,390
    COACH INC 7,207 9,956
    COPART INC 5,046 5,416
    CUBIC CORP 5,334 6,365
    CULLEN/FROST BANKERS INC 10,825 12,224
    DARDEN RESTAURANTS INC 21,737 20,434
    DENTSPLY INTERNATIONAL INC 7,673 8,713
    EATON VANCE CORP 5,538 5,744
    FMC CORP 15,470 18,774
    FACTSET RESEARCH SYSTEMS INC 9,545 10,782
    FEDERATED INVESTORS INC 14,987 16,356
    GENERAL MILLS INC 12,080 12,101
    HCC INSURANCE HOLDINGS INC 8,662 9,550
    HARRIS CORPORATION 7,864 8,154
    HORMEL FOODS CORP 9,794 11,277
    HUBBELL INC 6,523 8,118
    INTUIT INC 14,105 15,283
    J2 GLOBAL COMMUNICATIONS INC 6,592 8,396
    MCCORMICK & COMPANY INC 24,180 25,359
    MCGRAW HILL COS INC 9,850 10,377
    MCKESSON HBOC INC 13,527 14,780
    MDEDICIS PHARMACEUTICAL 6,192 5,492
    MURPHY OIL CORP 18,209 20,129
    NETFLIX INC 11,084 13,178
    ORACLE CORP 18,865 21,597
    PANERA BREAD COMPANY 7,399 8,603
    PERRIGO CO 9,645 10,133
    PFIZER INC 5,322 5,603
    PHARMACEUTICAL PRODUCT DEVEL I 3,992 4,342
    PROGRESSIVE CORP OHIO 10,902 10,531
    QUALCOMM INC 11,850 12,373
    ROCK TENN COMPANY 7,393 7,553
    ROLLINS INC 3,864 5,175
    ROSS STORES 11,120 13,283
    SEI INVESTMENTS COMPANY 6,549 7,970
    SIGMA ALDRICH CORP 20,420 21,299
    STAPLES INC 12,523 12,979
    STERIS CORP 6,164 7,110
    STRYKER CORP 15,515 16,379
    TECHNE CORP 4,516 4,925
    TORO CO 9,697 11,095
    TUPPERWARE BRANDS CORP 5,821 6,435
    VF CORPORATION 11,226 11,634
    WGL HOLDINGS INC 8,528 8,227
    WESTERN DIGITAL CORP 3,369 4,238
    JOHN WILEY & SONS INC 7,193 7,510
    WISCONSIN ENERGY CORP 18,028 17,658
    WORLD FUEL SERVICES CORP 9,541 13,198

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    US Government Securities - End of Year Book Value:

    103,334
    US Government Securities - End of Year Fair Market Value:

    102,112
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 InvestmentsOtherSchedule2
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EVERGREEN FDS HIGH YLD BD FD      
    ISHARES DJ US TELCOM SECTOR      
    ISHARES DJ US UTILITITES SECTO      
    ISHARES DJ US CONSUMER CYCLIC      
    ISHARES DJ US CONSMR NONCYCL      
    ISHARES DJ US ENERGY SECTOR      
    ISHARES DJ US FINL SECT INDEX      
    ISHARES DJ US HEALTHCARE SEC      
    ISHARES DJ US INDUSTRIAL SEC      
    ISHARES DJ US TECHNOLOGY SEC      
    ARTISAN INTERNATIONAL AT COST 110,814 114,285
    GOLDMAN SACHS STRUCTURED INTL AT COST 112,536 115,340
    CONESTOGA SMALL CAP AT COST 162,850 191,987
    GOLDMAN SACHS SATELLITE STRAT AT COST 223,500 225,200

    TY 2010 OtherDecreasesSchedule
    Name:
    FREAS FOUNDATION MAN AGY 1871001360
    EIN: 22-1714810
    Description Amount
    INCOME PAID FOR 2009 TAXED IN 2010 400