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
EUGENE M CLARY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 669065   Room/suite
City or town, state, and ZIP code
MARIETTA, GA30066
A Employer identification number

58-2310406
B Telephone number (see page 10 of the instructions)

(770) 993-3562
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$9,309,006J 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) 22,384
2 Check bullet
3 Interest on savings and temporary cash investments 31 31  
4 Dividends and interest from securities...... 240,427 240,427  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 388,517
b Gross sales price for all assets on line 6a 22,505,100
7 Capital gain net income (from Part IV, line 2)... 388,517
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 651,359 628,975  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 104,011 85,509   9,501
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,926 1,463   1,463
b Accounting fees (attach schedule)....... Click to see attachment 7,425 6,683   742
c Other professional fees (attach schedule).... Click to see attachment 67,184 67,184    
17 Interest............... 2,154 2,154    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,443      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,311 6,610   701
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 197,454 169,603   12,407
25 Contributions, gifts, grants paid........ 271,917 271,917
26 Total expenses and disbursements. Add lines 24 and 25 469,371 169,603   284,324
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 181,988
b Net investment income (if negative, enter -0-) 459,372
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 2,050,060 361,957 361,957
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 6,710,496 Click to see attachment7,508,155 7,753,924
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 86,020 Click to see attachment1,186,020 1,193,125
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) 8,846,576 9,056,132 9,309,006
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)   Click to see attachment27,568
23 Total liabilities (add lines 17 through 22)..........   27,568
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 8,846,576 9,028,564
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,846,576 9,028,564
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,846,576 9,056,132
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 8,846,576
2 Enter amount from Part I, line 27a...................... 2 181,988
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 9,028,564
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 9,028,564
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 CAPITAL TR INC MD A NEW, 3000 SHARES P 2009-09-02 2010-07-07
b DIREXON SHARES LARGE, 400 SHARES P 2010-01-05 2010-01-14
c PROSHARE ULTRA SHORT, 3600 SHARES P 2010-02-09 2010-03-23
d PROSHARE ULTRA SHORT, 2000 SHARES P 2010-06-08 2010-09-28
e CRAY INC COM, 2650 SHARES P 2009-09-01 2010-01-27
E-HOUSE (CHINA) HOLDINGS, 1200 SHARE P 2010-05-05 2010-06-11
HEWLETT-PACKARD CO DE, 1400 SHARES P 2008-11-28 2010-06-11
DIREXION DAILY SMALL CAP, 815 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY MID CAP, 660 SHARES P 2010-09-10 2010-09-17
DIREXION DAILY LARGE CAP, 1000 SHARE P 2010-07-13 2010-09-17
DIREXION DAILY LARGE CAP, 7600 SHARE P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 1000 SHARE P 2010-06-22 2010-10-26
POWERSHARES QQQ TR UNIT SER 1, 27615 P 2009-06-04 2010-01-12
PROSHARES ULTRASHORT S&P , 7143 SHAR P 2010-06-07 2010-06-09
GOODRICH CORP , 100 SHARES (SHORT) P 2010-06-03 2010-09-28
WHIRLPOOL CORP, 500 SHARES (SHORT) P 2010-06-02 2010-09-28
DENBURY RESOURCES INC, 3000 SHARES P 2009-03-27 2010-07-06
DIREXON SHARES LARGE, 2850 SHARES P 2010-07-07 2010-09-28
PROSHARE ULTRA SHORT, 1100 SHARES P 2010-02-09 2010-03-23
PROSHARE TRUST, 1600 SHARES P 2011-07-22 2010-09-28
CROCS INC COM, 3115 SHARES P 2009-09-01 2010-01-27
E-HOUSE (CHINA) HOLDINGS, 200 SHARES P 2010-05-05 2010-06-11
IMMUNOMEDICS, INC, 3315 SHARES P 2009-09-04 2010-01-27
DIREXION DAILY SMALL CAP, 1560 SHARE P 2010-09-10 2010-09-17
DIREXION DAILY MID CAP, 10000 SHARES P 2010-09-28 2010-10-12
DIREXION DAILY LARGE CAP, 3125 SHARE P 2010-07-22 2010-09-17
DIREXION DAILY LARGE CAP, 4405 SHARE P 2010-10-19 2010-10-25
ISHARES BARCLYS 1-3 YEAR, 900 SHARES P 2010-06-22 2010-10-26
POWERSHARES QQQ TR UNIT SER 1, 200 S P 2010-01-25 2010-01-27
PROSHARES ULTRASHORT S&P , 200 SHARE P 2010-06-08 2010-06-09
GOODRICH CORP , 100 SHARES (SHORT) P 2010-06-03 2010-09-28
EXPRESSJET HOLDINGS, 1800 SHARES P 2009-09-02 2010-07-06
DIREXON SHARES LARGE, 1500 SHARES P 2010-07-07 2010-09-28
PROSHARE ULTRA SHORT, 3500 SHARES P 2010-03-11 2010-03-23
SENTINEL SHORT , 65628.36 SHARES P 2010-02-09 2010-03-18
DIREXION DAILY REAL EST, 3600 SHARES P 2010-06-11 2010-06-18
E-HOUSE (CHINA) HOLDINGS, 100 SHARES P 2010-05-05 2010-06-11
INTL BUSINESS MACH, 435 SHARES P 2008-11-28 2010-06-11
DIREXION DAILY SMALL CAP, 5200 SHARE P 2010-09-28 2010-10-12
DIREXION DAILY LARGE CAP, 200 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 3375 SHARE P 2010-07-27 2010-09-17
DIREXION DAILY FINL BEAR, 700 SHARES P 2010-10-19 2010-10-22
ISHARES BARCLYS 1-3 YEAR, 2600 SHARE P 2010-06-22 2010-11-10
PIMCO LOW DURATION CLASS P, 72744 SH P 2009-12-22 2010-04-20
PROSHARES ULTRASHORT S&P , 200 SHARE P 2010-06-08 2010-06-09
GOODRICH CORP , 100 SHARES (SHORT) P 2010-06-03 2010-09-28
EXPRESSJET HOLDINGS, 650 SHARES P 2009-09-02 2010-07-06
DIREXON SHARES LARGE, 3000 SHARES P 2010-11-15 2010-11-26
PROSHARE ULTRA SHORT, 1000 SHARES P 2010-04-19 2010-05-25
SENTINEL SHORT , 127.43 SHARES P 2010-02-25 2010-07-08
DIREXION DAILY REAL EST, 8305 SHARES P 2010-06-11 2010-06-18
E-HOUSE (CHINA) HOLDINGS, 100 SHARES P 2010-05-05 2010-06-11
ORACLE CORP, 2975 SHARES P 2008-11-28 2010-06-11
DIREXION DAILY MID CAP, 1700 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 400 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 3230 SHARE P 2010-08-19 2010-09-17
DIREXION DAILY FINL BEAR, 2280 SHARE P 2010-10-19 2010-10-22
ISHARES BARCLYS 1-3 YEAR, 6000 SHARE P 2010-09-17 2010-11-10
PIMCO LOW DURATION CLASS FD, 192678 P 2010-02-02 2010-05-03
PROSHARES ULTRASHORT S&P , 600 SHARE P 2010-06-08 2010-06-09
ITT EDUCATIONAL SERVICES INC, 300 SH P 2010-06-02 2010-09-28
EXPRESSJET HOLDINGS, 550 SHARES P 2009-09-02 2010-07-06
DIREXON SHARES LARGE, 2000 SHARES P 2010-11-15 2010-11-26
PROSHARE ULTRA SHORT, 1000 SHARES P 2010-04-19 2010-05-25
SENTINEL SHORT , 101.35 SHARES P 2010-03-31 2010-07-08
DIREXION DAILY REAL EST, 726 SHARES P 2010-06-15 2010-06-18
E-HOUSE (CHINA) HOLDINGS, 100 SHARES P 2010-05-05 2010-06-11
STONE ENGERY CORP, 1600 SHARES P 2009-09-01 2010-02-04
DIREXION DAILY MID CAP, 610 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 600 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 3230 SHARE P 2010-08-19 2010-09-17
DIREXION DAILY FINL BEAR, 981 SHARES P 2010-10-19 2010-10-22
INSHARES INS MSCI BRAZIL INDEX, 4330 P 2009-06-04 2010-01-27
PUTNAM ABSOLUTE RETURN, 60096 SHARES P 2010-03-26 2010-08-17
PROSHARES ULTRASHORT S&P , 6290 SHAR P 2010-06-08 2010-06-09
KOHLS CORP, 1000 SHARES (SHORT) P 2010-07-01 2010-09-28
INTEROIL CORP, 610 SHARES P 2009-06-04 2010-07-06
DIREXON SHARES SMALL , 5300 SHARES P 2010-01-05 2010-01-14
PROSHARE ULTRA SHORT, 1500 SHARES P 2010-05-07 2010-05-25
SENTINEL SHORT , 12893.812 SHARES P 2010-04-21 2010-07-08
DIREXION DAILY REAL EST, 25774 SHARE P 2010-06-15 2010-06-18
E-HOUSE (CHINA) HOLDINGS, 200 SHARES P 2010-05-05 2010-06-11
TRANSOCEAN LTD, 830 SHARES P 2008-11-28 2010-05-04
DIREXION DAILY MID CAP, 5 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 400 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 2410 SHARE P 2010-09-10 2010-09-17
FIRST TR CHINDIA INDEX FD, 14485 SHA P 2009-06-04 2010-01-27
INSHARES INS MSCI BRAZIL INDEX, 1500 P 2009-11-18 2010-01-27
PUTNAM ABSOLUTE RETURN, 60576 SHARES P 2010-03-26 2010-11-08
PROSHARES ULTRASHORT S&P , 100 SHARE P 2010-06-08 2010-06-09
MANPOWER INC WISCONSIN, 500 SHARES ( P 2010-07-01 2010-09-28
INTEROIL CORP, 390 SHARES P 2009-06-04 2010-07-06
DIREXON SHARES SMALL , 1200 SHARES P 2010-01-05 2010-01-14
PROSHARE ULTRA SHORT, 1500 SHARES P 2010-05-07 2010-05-25
BANK OF AMERICA CORP, 75000 SHARES P 2009-09-03 2010-06-14
DIREXION DAILY REAL EST, 5015 SHARES P 2010-06-16 2010-06-18
E-HOUSE (CHINA) HOLDINGS, 300 SHARES P 2010-05-05 2010-06-11
DIREXION DAILY SMALL CAP, 1176 SHARE P 2010-07-12 2010-09-17
DIREXION DAILY MID CAP, 2425 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 1255 SHARE P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 1100 SHARE P 2010-09-10 2010-09-17
FIRST TR CHINDIA INDEX FD, 5000 SHAR P 2009-11-18 2010-01-27
ISHARES TRUST S&P SMALL CAP 600, 740 P 2009-04-23 2010-01-27
PUTNAM ABSOLUTE RETURN, 43066 SHARES P 2010-06-11 2010-12-17
PROSHARES ULTRASHORT , 10141 SHARES P 2010-06-07 2010-06-09
MANPOWER INC WISCONSIN, 300 SHARES ( P 2010-07-01 2010-09-28
SPRINT NEXTEL CORP, 10000 SHARES P 2009-12-17 2010-07-06
DIREXON SHARES SMALL , 700 SHARES P 2010-07-07 2010-09-28
PROSHARE ULTRA SHORT, 1300 SHARES P 2010-05-07 2010-05-25
BBC CAP TR II GTD PFD SEC %, 238 SHA P 2009-09-01 2010-01-27
DIREXION DAILY REAL EST, 9335 SHARES P 2010-06-16 2010-06-18
E-HOUSE (CHINA) HOLDINGS, 300 SHARES P 2010-05-05 2010-06-11
DIREXION DAILY SMALL CAP, 1220 SHARE P 2010-07-12 2010-09-17
DIREXION DAILY MID CAP, 100 SHARES P 2010-07-13 2010-09-17
DIREXION DAILY LARGE CAP, 400 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 200 SHARES P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 3100 SHARE P 2010-03-12 2010-07-12
POWERSHARES DB MULTI SECTOR, 2330 SH P 2008-11-28 2010-06-11
PROSHARES ULTRA S&P 500, 13700 SHARE P 2009-10-29 2010-01-27
PROSHARES ULTRASHORT , 5500 SHARES P 2010-06-08 2010-06-09
MANPOWER INC WISCONSIN, 100 SHARES ( P 2010-07-01 2010-09-28
DIREXION DAILY REAL, 400 SHARES P 2010-07-06 2010-09-28
DIREXON SHARES SMALL , 360 SHARES P 2010-07-07 2010-09-28
PROSHARE ULTRA SHORT, 700 SHARES P 2010-05-07 2010-05-25
BBC CAP TR II GTD PFD SEC %, 200 SHA P 2009-09-02 2010-01-27
DRYSHIPS INC COM COM, 3340 SHARES P 2009-09-04 2010-01-27
E-HOUSE (CHINA) HOLDINGS, 300 SHARES P 2010-05-05 2010-06-11
DIREXION DAILY SMALL CAP, 1270 SHARE P 2010-07-13 2010-09-17
DIREXION DAILY MID CAP, 2300 SHARES P 2010-07-13 2010-09-17
DIREXION DAILY LARGE CAP, 100 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 400 SHARES P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 2900 SHARE P 2010-03-12 2010-07-22
POWERSHARES DB MULTI SECTOR, 2330 SH P 2008-12-11 2010-06-11
PROSHARES ULTRA S&P 500, 7300 SHARES P 2009-11-03 2010-01-27
PROSHARES ULTRASHORT , 5190 SHARES P 2010-06-08 2010-06-09
MANPOWER INC WISCONSIN, 68 SHARES (S P 2010-07-01 2010-09-28
DIREXION DAILY REAL, 260 SHARES P 2010-07-06 2010-09-28
DIREXON SHARES TRUST, 2350 SHARES P 2010-07-07 2010-09-28
PROSHARE ULTRA SHORT, 850 SHARES P 2010-05-10 2010-05-25
BBC CAP TR II GTD PFD SEC %, 1772 SH P 2009-09-03 2010-01-27
EMC CORP MASS, 1275 SHARES P 2009-09-01 2010-02-04
E-HOUSE (CHINA) HOLDINGS, 2225 SHARE P 2010-05-05 2010-06-11
DIREXION DAILY SMALL CAP, 1275 SHARE P 2010-07-22 2010-09-17
DIREXION DAILY MID CAP, 100 SHARES P 2010-07-13 2010-09-17
DIREXION DAILY LARGE CAP, 200 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 400 SHARES P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 200 SHARES P 2010-03-29 2010-07-27
POWERSHARES EXCHANGE TRADED FD TR FI P 2008-11-04 2010-02-04
PROSHARES ULTRA S&P 500, 7520 SHARES P 2009-11-04 2010-01-27
VAN KAMPEN UNIT TRS, 0 SHARES P 2010-09-10 2010-12-31
MANPOWER INC WISCONSIN, 32 SHARES (S P 2010-07-01 2010-09-28
DIREXION DAILY REAL, 720 SHARES P 2010-07-07 2010-09-28
DIREXON SHARES TRUST, 1200 SHARES P 2010-07-07 2010-09-28
PROSHARE ULTRA SHORT, 650 SHARES P 2010-05-10 2010-05-25
BRUNSWICK CORP COM, 2150 SHARES P 2009-09-04 2010-01-27
EASTMAN KODAK CO, 9500 SHARES P 2009-09-02 2010-04-13
E-HOUSE (CHINA) HOLDINGS, 100 SHARES P 2010-05-05 2010-06-11
DIREXION DAILY SMALL CAP, 1450 SHARE P 2010-07-27 2010-09-17
DIREXION DAILY MID CAP, 2570 SHARES P 2010-07-22 2010-09-17
DIREXION DAILY LARGE CAP, 200 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 100 SHARES P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 2200 SHARE P 2010-03-29 2010-08-19
POWERSHARES EXCHANGE TRADED FD TR FI P 2008-11-07 2010-02-04
PROSHARES ULTRASHORT S&P 500, 16935 P 2010-04-22 2010-05-12
FT UNIT 1962 CONV & INCOME, 17346 SH P 2009-04-21 2010-04-27
THORATEC CORP, 100 SHARES (SHORT) P 2010-06-02 2010-09-28
DIREXION DAILY REAL, 400 SHARES P 2010-07-07 2010-09-28
DIREXON DAILY CHINA , 1667 SHARES P 2010-01-05 2010-01-14
PROSHARE ULTRA SHORT, 2000 SHARES P 2010-05-17 2010-05-25
CATERPILLAR INC, 1380 SHARES P 2008-11-28 2010-05-05
E-HOUSE (CHINA) HOLDINGS, 100 SHARES P 2010-05-05 2010-06-11
GERERAL DYNAMICS CRP, 1000 SHARES P 2008-11-28 2010-05-20
DIREXION DAILY SMALL CAP, 815 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY MID CAP, 2835 SHARES P 2010-07-27 2010-09-17
DIREXION DAILY LARGE CAP, 600 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 600 SHARES P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 5000 SHARE P 2010-05-04 2010-09-10
POWERSHARES EXCHANGE TRADED FD TR FI P 2008-11-07 2010-02-04
PROSHARES ULTRASHORT S&P 500, 15713 P 2010-05-14 2010-05-25
FT UNIT 2094 CONV & INCOME, 15924 SH P 2009-08-06 2010-06-14
THORATEC CORP, 100 SHARES (SHORT) P 2010-06-02 2010-09-28
DIREXION DAILY REAL, 900 SHARES P 2010-07-08 2010-09-28
DIREXON DAILY CHINA , 33 SHARES P 2010-01-05 2010-01-14
PROSHARE ULTRA SHORT, 1500 SHARES P 2010-05-17 2010-05-25
CITIGROUP INC NFS CROSS TRADE, 4000 P 2009-09-01 2010-06-11
E-HOUSE (CHINA) HOLDINGS, 400 SHARES P 2010-05-05 2010-06-11
GREENBRIER COMPANIES INC, 1530 SHARE P 2009-09-04 2010-01-27
DIREXION DAILY SMALL CAP, 500 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY MID CAP, 2675 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY LARGE CAP, 49 SHARES P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 300 SHARES P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 8345 SHARE P 2010-05-26 2010-09-10
POWERSHARES EXCHANGE TRADED FD TR FI P 2008-12-11 2010-02-04
PROSHARES ULTRASHORT S&P 500, 207 SH P 2010-05-14 2010-05-25
CABOT OIL & GAS, 1000 SHARES (SHORT) P 2010-06-02 2010-09-28
THORATEC CORP, 100 SHARES (SHORT) P 2010-06-02 2010-09-28
DIREXON SHARES LARGE, 3000 SHARES P 2010-01-05 2010-01-14
ULTRA FINANCIAL, 8547 SHARES P 2010-01-05 2010-01-14
PROSHARE ULTRA SHORT, 1500 SHARES P 2010-06-07 2010-09-28
CITIGROUP INC NFS CROSS TRADE, 4000 P 2009-09-02 2010-06-11
E-HOUSE (CHINA) HOLDINGS, 200 SHARES P 2010-05-05 2010-06-11
HATTERAS FINL CORP COM, 500 SHARES P 2009-04-23 2010-06-11
DIREXION DAILY SMALL CAP, 100 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY MID CAP, 2675 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY LARGE CAP, 1400 SHARE P 2010-07-12 2010-09-17
DIREXION DAILY LARGE CAP, 1000 SHARE P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 2539 SHARE P 2010-06-14 2010-10-12
POWERSHARES ULTRASHORTDOW, 32200 SHA P 2010-02-12 2010-03-30
PROSHARES ULTRASHORT S&P 500, 3300 S P 2010-05-20 2010-05-25
CHESAPEAKE ENERGY CORP, 1000 SHARES P 2010-06-02 2010-09-28
THORATEC CORP, 100 SHARES (SHORT) P 2010-06-02 2010-09-28
DIREXON SHARES LARGE , 1350 SHARES P 2010-01-05 2010-01-14
PROSHARE ULTRA SHORT, 4900 SHARES P 2010-02-09 2010-03-23
PROSHARE ULTRA SHORT, 2000 SHARES P 2010-06-08 2010-09-28
CITIGROUP INC , 10000 SHARES P 2009-12-22 2010-06-11
E-HOUSE (CHINA) HOLDINGS, 100 SHARES P 2010-05-05 2010-06-11
HATTERAS FINL CORP COM, 1500 SHARES P 2009-04-23 2010-06-11
DIREXION DAILY SMALL CAP, 400 SHARES P 2010-08-19 2010-09-17
DIREXION DAILY MID CAP, 2400 SHARES P 2010-09-10 2010-09-17
DIREXION DAILY LARGE CAP, 2000 SHARE P 2010-07-13 2010-09-17
DIREXION DAILY LARGE CAP, 1000 SHARE P 2010-09-28 2010-10-12
ISHARES BARCLYS 1-3 YEAR, 3461 SHARE P 2010-06-14 2010-10-26
POWERSHARES ULTRASHORTDOW, 15948 SHA P 2010-02-12 2010-03-30
PROSHARES ULTRASHORT S&P 500, 3120 S P 2010-05-21 2010-05-25
GOODRICH CORP , 200 SHARES (SHORT) P 2010-06-03 2010-09-28
THORATEC CORP, 100 SHARES (SHORT) P 2010-06-02 2010-09-28
(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 4,402   8,208 -3,806
b 22,915   22,240 675
c 95,001   112,282 -17,281
d 48,157   61,705 -13,548
e 13,731   20,184 -6,453
16,179   20,280 -4,101
63,839   50,599 13,240
24,067   30,041 -5,974
9,952   10,831 -879
13,130   16,540 -3,410
89,071   98,344 -9,273
84,470   83,890 580
1,268,600   1,000,660 267,940
256,572   250,144 6,428
6,918   7,343 -425
50,252   38,997 11,255
42,123   46,500 -4,377
34,966   50,080 -15,114
29,028   34,314 -5,286
42,650   51,285 -8,635
22,727   20,197 2,530
2,698   3,382 -684
14,454   20,294 -5,840
46,066   50,195 -4,129
132,761   149,900 -17,139
41,031   49,965 -8,934
49,916   49,976 -60
75,978   75,508 470
9,020   22,800 -13,780
7,184   6,762 422
6,922   7,346 -424
4,100   4,806 -706
18,403   25,350 -6,947
92,362   98,425 -6,063
611,647   611,005 642
22,680   30,240 -7,560
1,349   1,692 -343
53,675     53,675
126,046   150,159 -24,113
2,624   3,500 -876
44,313   50,046 -5,733
8,617   8,841 -224
219,488   218,140 1,348
762,868   750,000 12,868
7,184   6,762 422
6,920   7,346 -426
1,496   1,739 -243
31,120   31,500 -380
31,059   25,720 5,339
1,190   1,181 9
52,321   69,845 -17,524
1,350   1,694 -344
63,993   50,217 13,776
25,602   36,397 -10,795
5,248   7,000 -1,752
42,409   49,898 -7,489
28,067   28,796 -729
506,395   505,372 1,023
2,015,582   2,000,000 15,582
21,552   20,286 1,266
29,682   19,139 10,543
1,267   1,466 -199
20,746   21,005 -259
31,059   25,625 5,434
947   939 8
4,574   5,460 -886
1,350   1,695 -345
26,164   20,203 5,961
9,186   13,066 -3,880
7,872   10,500 -2,628
42,409   49,516 -7,107
12,076   12,390 -314
296,906   250,443 46,463
630,896   625,000 5,896
225,934   212,662 13,272
48,388   53,161 -4,773
28,406   21,198 7,208
249,516   245,925 3,591
46,589   42,403 4,186
120,181   119,655 526
162,105   194,078 -31,973
2,702   3,392 -690
67,452   50,454 16,998
75   103 -28
5,248   7,000 -1,752
31,643   34,391 -2,748
299,934   249,863 50,071
102,855   112,687 -9,832
665,197   630,000 35,197
3,592   3,381 211
21,481   24,786 -3,305
18,159   13,416 4,743
53,415   52,865 550
46,589   42,185 4,404
797,237   750,005 47,232
31,494   34,904 -3,410
4,053   5,091 -1,038
34,727   50,039 -15,312
36,520   49,785 -13,265
16,465   21,963 -5,498
14,443   15,695 -1,252
103,589   104,600 -1,011
409,067   299,514 109,553
466,895   483,201 -16,306
252,039   247,350 4,689
12,891   14,872 -1,981
40,094   37,500 2,594
18,557   30,140 -11,583
40,377   37,385 2,992
1,963   2,228 -265
58,623   65,065 -6,442
4,056   5,094 -1,038
36,026   49,877 -13,851
1,506   2,000 -494
5,248   6,779 -1,531
2,344   2,588 -244
260,458   258,756 1,702
55,664   52,381 3,283
520,456   499,778 20,678
136,783   128,370 8,413
4,297   4,957 -660
9,359   18,115 -8,756
9,538   14,760 -5,222
21,741   20,138 1,603
1,650   1,873 -223
19,773   20,208 -435
4,066   5,097 -1,031
37,502   49,873 -12,371
34,637   46,023 -11,386
1,312   1,695 -383
4,688   5,176 -488
243,971   242,063 1,908
55,666   46,437 9,229
277,323   250,539 26,784
129,101   121,238 7,863
2,922   3,371 -449
6,083   11,778 -5,695
32,993   50,178 -17,185
26,400   22,581 3,819
14,619   16,556 -1,937
21,459   20,208 1,251
29,949   37,825 -7,876
37,650   49,988 -12,338
1,506   2,002 -496
2,624   3,390 -766
4,688   5,176 -488
16,832   16,660 172
103,343   101,676 1,667
285,681   250,196 35,485
3,899     3,899
1,375   1,586 -211
16,846   29,525 -12,679
16,849   24,660 -7,811
20,188   17,271 2,917
26,794   20,457 6,337
62,510   50,646 11,864
1,345   1,701 -356
42,818   49,953 -7,135
38,721   49,935 -11,214
2,624   3,390 -766
1,172   1,294 -122
185,396   183,260 2,136
94,964   100,761 -5,797
576,119   500,091 76,028
300,946   200,017 100,929
4,330   3,966 364
9,359   15,600 -6,241
70,187   72,636 -2,449
62,118   54,245 7,873
94,985   50,109 44,876
1,346   1,684 -338
71,583   52,091 19,492
24,067   30,624 -6,557
42,723   50,123 -7,400
7,872   10,169 -2,297
7,032   7,764 -732
421,018   417,047 3,971
94,033   100,718 -6,685
547,903   493,231 54,672
182,937   170,000 12,937
4,333   3,966 367
21,058   32,972 -11,914
1,389   1,435 -46
46,589   41,805 4,784
14,720   20,365 -5,645
5,384   6,752 -1,368
13,563   20,405 -6,842
14,765   18,790 -4,025
40,312   49,782 -9,470
643   831 -188
3,516   3,882 -366
703,503   699,807 3,696
186,204   170,800 15,404
7,218   6,500 718
33,336   28,577 4,759
4,331   3,966 365
171,840   166,865 4,975
52,131   50,689 1,442
36,118   45,755 -9,637
14,720   21,325 -6,605
2,694   3,378 -684
14,155   12,358 1,797
2,953   3,685 -732
40,312   49,434 -9,122
18,368   23,729 -5,361
11,720   12,939 -1,219
214,308   212,768 1,540
842,226   1,005,619 -163,393
115,090   107,017 8,073
21,878   21,602 276
4,330   3,966 364
77,333   75,070 2,263
129,307   152,831 -23,524
48,157   62,500 -14,343
36,799   32,100 4,699
1,348   1,690 -342
42,464   35,580 6,884
11,812   14,743 -2,931
36,167   39,360 -3,193
26,255   33,077 -6,822
11,720   12,940 -1,220
292,350   290,066 2,284
414,643   499,970 -85,327
108,824   100,149 8,675
13,842   14,685 -843
4,330   3,966 364
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       -3,806
b       675
c       -17,281
d       -13,548
e       -6,453
      -4,101
      13,240
      -5,974
      -879
      -3,410
      -9,273
      580
      267,940
      6,428
      -425
      11,255
      -4,377
      -15,114
      -5,286
      -8,635
      2,530
      -684
      -5,840
      -4,129
      -17,139
      -8,934
      -60
      470
      -13,780
      422
      -424
      -706
      -6,947
      -6,063
      642
      -7,560
      -343
      53,675
      -24,113
      -876
      -5,733
      -224
      1,348
      12,868
      422
      -426
      -243
      -380
      5,339
      9
      -17,524
      -344
      13,776
      -10,795
      -1,752
      -7,489
      -729
      1,023
      15,582
      1,266
      10,543
      -199
      -259
      5,434
      8
      -886
      -345
      5,961
      -3,880
      -2,628
      -7,107
      -314
      46,463
      5,896
      13,272
      -4,773
      7,208
      3,591
      4,186
      526
      -31,973
      -690
      16,998
      -28
      -1,752
      -2,748
      50,071
      -9,832
      35,197
      211
      -3,305
      4,743
      550
      4,404
      47,232
      -3,410
      -1,038
      -15,312
      -13,265
      -5,498
      -1,252
      -1,011
      109,553
      -16,306
      4,689
      -1,981
      2,594
      -11,583
      2,992
      -265
      -6,442
      -1,038
      -13,851
      -494
      -1,531
      -244
      1,702
      3,283
      20,678
      8,413
      -660
      -8,756
      -5,222
      1,603
      -223
      -435
      -1,031
      -12,371
      -11,386
      -383
      -488
      1,908
      9,229
      26,784
      7,863
      -449
      -5,695
      -17,185
      3,819
      -1,937
      1,251
      -7,876
      -12,338
      -496
      -766
      -488
      172
      1,667
      35,485
      3,899
      -211
      -12,679
      -7,811
      2,917
      6,337
      11,864
      -356
      -7,135
      -11,214
      -766
      -122
      2,136
      -5,797
      76,028
      100,929
      364
      -6,241
      -2,449
      7,873
      44,876
      -338
      19,492
      -6,557
      -7,400
      -2,297
      -732
      3,971
      -6,685
      54,672
      12,937
      367
      -11,914
      -46
      4,784
      -5,645
      -1,368
      -6,842
      -4,025
      -9,470
      -188
      -366
      3,696
      15,404
      718
      4,759
      365
      4,975
      1,442
      -9,637
      -6,605
      -684
      1,797
      -732
      -9,122
      -5,361
      -1,219
      1,540
      -163,393
      8,073
      276
      364
      2,263
      -23,524
      -14,343
      4,699
      -342
      6,884
      -2,931
      -3,193
      -6,822
      -1,220
      2,284
      -85,327
      8,675
      -843
      364
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 2 388,517
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 92,175
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 341,514 8,009,412 0.042639
2008 340,000 8,913,093 0.038146
2007 75,000 3,551,601 0.021117
2006 74,000 958,530 0.077202
2005 33,400 949,751 0.035167
2 Total of line 1, column (d) ...................... 2 0.214271
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 0.042854
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 9,350,411
5 Multiply line 4 by line 3....................... 5 400,703
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,594
7 Add lines 5 and 6......................... 7 405,297
8 Enter qualifying distributions from Part XII, line 4.............. 8 284,324
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 9,187
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 9,187
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 9,187
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4,224
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 4,224
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 22
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,985
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
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)bulletGA
    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 addressbulletNONE
    14
    The books are in care ofbulletMARY TEAGUE Telephone no.bullet (770) 993-8190
    Located atbullet4701 POST OAK TRITT ROADMARIETTAGA ZIP+4bullet30062
    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
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
     
    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
     
     
    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
    KENNETH B CLARYClick to see attachment CEO & TRUSTE
    10.00     		95,011 0 0
    PO BOX 669065
    MARIETTA,GA30066
    JEAN CLARYClick to see attachment TRUSTEE
    1.00     		2,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    NANCY LEE OXFORDClick to see attachment TRUSTEE
    1.00     		2,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    MARY S TEAGUEClick to see attachment SEC / TREAS
    10.00     		5,000 0 0
    PO BOX 669065
    MARIETTA,GA30066
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 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.)
    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
    8,692,479
    b
    Average of monthly cash balances.......................
    1b
    800,324
    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
    9,492,803
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    9,492,803
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    142,392
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,350,411
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    467,521
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    467,521
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    9,187
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,187
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    458,334
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    458,334
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    458,334
    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
    284,324
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    284,324
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    284,324
    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 7 458,334
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 45,978
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 284,324
    a Applied to 2009, but not more than line 2a 45,978
    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..... 238,346
    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 ..........     		219,988
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    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
    AMBASSADORS FOR CHRIST
    1355 TERRELL MILL RD BLD
    MARIETTA,GA30067     		NONE 509(A)(1) CHARITABLE 4,000
    ASIAN BREAD OF LIFE FOUND
    215 E 74TH TERRACE
    KANSAS CITY,MO64114     		NONE 509(A)(1) CHARITABLE 3,000
    BIBLE BAPTIST CHURCH
    1485 HWY 34E
    NEWNAN,GA30265     		NONE CHURCH CHARITABLE 49,500
    BIBLE BAPTIST CHURCH
    1175 JOJO ROAD
    PENSACOLA,FL32514     		NONE CHURCH CHARITABLE 17,000
    BIBLE BROADCASTING NETWOR
    11530 CARMEL COMMONS BLVD
    CHARLOTTE,NC28226     		NONE 509(A)(1) CHARITABLE 13,000
    COACH'S CORNER
    2799 NORTHSIDE DR NW
    ATLANTA,GA303052805     		NONE 509(A)(1) CHARITABLE 15,000
    CO LABORERS INTL INC
    PO BOX 2012
    SOUTH HACKENSACK,NJ07606     		NONE 509(A)(1) CHARITABLE 4,000
    EASTWOOD BAPTIST CHURCH
    1150 ALLGOOD ROAD
    MARIETTA,GA30062     		NONE CHURCH CHARITABLE 1,000
    FELLOWSHIP OF CHRISTIAN A
    PO BOX 1063
    STOCKBRIDGE,GA30281     		NONE 509(A)(1) CHARITABLE 20,000
    FIRST BAPTIST CHURCH
    519 SOUTH PARK AVENUE
    SANFORD,FL32771     		NONE CHURCH CHARITABLE 2,000
    GREAT COMMISSION MINISTRI
    2000 HOLCOMB WOODS PARKWA
    ROSWELL,GA30076     		NONE 509(A)(1) CHARITABLE 3,000
    HARLEM MEMORIAL CEMETERY
    PO BOX 742
    HARLEM,GA30814     		NONE 509(A)(1) CHARITABLE 2,000
    HOPE CHRISTIAN HOME & ACA
    865 SWEATMAN ROAD
    DUCK HILL,MS38925     		NONE 509(A)(1) CHARITABLE 3,000
    HOPE NOW INC
    2090 DUNWOODY CLUB DR S
    ATLANTA,GA30350     		NONE 509(A)(1) CHARITABLE 6,000
    INPRINT INC
    P O BOX 76147
    ATLANTA,GA303581147     		NONE 509(A)(1) CHARITABLE 6,000
    INTERNATIONAL SPORTS FEDE
    PO BOX 2788
    ACWORTH,GA30102     		NONE 509(A)(1) CHARITABLE 1,000
    NEW TRIBES MISSION
    1000 EAST FIRST STREET
    SANFORD,FL327711487     		NONE 509(A)(1) CHARITABLE 3,000
    ROOPVILLE ROAD BAPTIST CH
    835 N HWY 27
    ROOPVILLE,GA30170     		NONE CHURCH CHARITABLE 1,000
    SOS MINISTRIES USA
    PO BOX 189
    DOVER,FL33527     		NONE 509(A)(1) CHARITABLE 9,000
    SWORD OF THE LORD FOUNDAT
    P O BOX 1099
    MURFREESBORO,TN37133     		NONE 509(A)(1) CHARITABLE 57,000
    TENDER MERCY MINISTRIES
    PO BOX 567524
    ATLANTA,GA311567524     		NONE 509(A)(1) CHARITABLE 14,600
    UNIVERSITY BAPTIST CHURCH
    1375 FERNWOOD CIRCLE NE
    ATLANTA,GA30319     		NONE CHURCH CHARITABLE 17,817
    LANCASTER BAPTIST CHURCH-
    4010 E LANCASTER BLVD
    LANCASTER,CA93535     		NONE 509(A)(1) CHARITABLE 20,000
    Total .................................bullet 3a 271,917
    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 31  
    4 Dividends and interest from securities....     14 240,427  
    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         388,517
    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)..   240,458 388,517
    13Total. Add line 12, columns (b), (d), and (e)...................
    13628,975
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    EUGENE M CLARY FOUNDATION INC
     
    Employer identification number

    58-2310406
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    EUGENE M CLARY FOUNDATION INC
          		Employer identification number

    58-2310406
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    ESTATE OF EUGENE M CLARY    
    4701 POST OAK TRITT ROAD
       
    MARIETTA, GA   30062

    		$22,384




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    EUGENE M CLARY FOUNDATION INC
          		Employer identification number

    58-2310406
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    EUGENE M CLARY FOUNDATION INC
          		Employer identification number

    58-2310406
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX PREPARATION F 7,425 6,683   742

    TY 2010 CompensationExplanation
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Person Name Explanation
    KENNETH B CLARY  
    JEAN CLARY  
    NANCY LEE OXFORD  
    MARY S TEAGUE  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CAPITAL TR INC MD A NEW, 0 SHARES    
    DENBURY RESOURCES INC, 0 SHARES    
    EXPRESSJET HOLDINGS, 0 SHARES    
    EXPRESSJET HOLDINGS, 0 SHARES    
    EXPRESSJET HOLDINGS, 0 SHARES    
    INTEROIL CORP, 0 SHARES    
    INTEROIL CORP, 0 SHARES    
    SPONGETECH DELIVERY SYS, 0 SHARES    
    SPRINT NEXTEL CORP, 0 SHARES    
    SPONGETECH DELIVERY SYS, 20000 SHARE 5,600 2
    SENTINEL SHORT , 18356.188 SHARES 170,350 169,611
    SENTINEL SHORT , 67.568 SHARES 625 624
    SENTINEL SHORT , 119.585 SHARES 1,106 1,105
    SENTINEL SHORT , 110.422 SHARES 1,028 1,020
    SENTINEL SHORT , 40279.27 SHARES 375,005 372,180
    SENTINEL SHORT , 177.657 SHARES 1,658 1,642
    SENTINEL SHORT , 121.349 SHARES 1,135 1,121
    SENTINEL SHORT , 111.372 SHARES 1,042 1,029
    SENTINEL SHORT , 118.915 SHARES 1,109 1,099
    SENTINEL SHORT , 32154.341 SHARES 300,005 297,106
    SENTINEL SHORT , 157.149 SHARES 1,463 1,452
    SENTINEL SHORT , 167.398 SHARES 1,560 1,547
    SENTINEL SHORT , 159.378 SHARES 1,471 1,473
    APACHE CORP, 700 SHARES 72,329 83,461
    APACHE CORP, 300 SHARES 31,002 35,769
    CITIGROUP INC, 25000 SHARES 104,000 118,250
    FORD MOTOR CO NEW, 7200 SHARES 99,995 120,888
    GOLDMAN SACHS GROUP INC, 620 SHARES 99,640 104,259
    HEWLETT PACKARD CO, 2317 SHARES 99,075 97,546
    HEWLETT PACKARD CO, 23 SHARES 984 968
    JP MORGAN CHASE, 2500 SHARES 101,969 106,050
    MITEL NETWORKS CORP, 18250 SHARES 100,375 100,740
    VAL SA, 200 SHARES 6,628 6,914
    VAL SA, 2820 SHARES 93,483 97,487
    BANK OF AMERICA CORP, 0 SHARES    
    BBC CAP TR II GTD PFD SEC %, 0 SHARE    
    BBC CAP TR II GTD PFD SEC %, 0 SHARE    
    BBC CAP TR II GTD PFD SEC %, 0 SHARE    
    BRUNSWICK CORP COM, 0 SHARES    
    CATERPILLAR INC, 0 SHARES    
    CITIGROUP INC NFS CROSS TRADE, 0 SHA    
    CITIGROUP INC NFS CROSS TRADE, 0 SHA    
    CITIGROUP INC , 0 SHARES    
    CRAY INC COM, 0 SHARES    
    CROCS INC COM, 0 SHARES    
    DRYSHIPS INC COM COM, 0 SHARES    
    EMC CORP MASS, 0 SHARES    
    EASTMAN KODAK CO, 0 SHARES    
    E-HOUSE (CHINA) HOLDINGS, 7250 SHARE 100,123 108,460
    GERERAL DYNAMICS CRP, 0 SHARES    
    GREENBRIER COMPANIES INC, 0 SHARES    
    HATTERAS FINL CORP COM, 0 SHARES    
    HATTERAS FINL CORP COM, 0 SHARES    
    HEWLETT-PACKARD CO DE, 0 SHARES    
    IMMUNOMEDICS, INC, 0 SHARES    
    INTL BUSINESS MACH, 0 SHARES    
    ORACLE CORP, 0 SHARES    
    STONE ENGERY CORP, 0 SHARES    
    TRANSOCEAN LTD, 0 SHARES    
    FIRST TR CHINDIA INDEX FD, 0 SHARES    
    FIRST TR CHINDIA INDEX FD, 0 SHARES    
    FT 2726 STRATEGIC INCOME, 52476 SHAR 500,007 511,641
    GOLDMAN SACHS ABSOLUTE, 54874 SHARES 500,000 512,523
    GOLDMAN SACHS ABSOLUTE, 337 SHARES 3,128 3,159
    GOLDMAN SACHS SATELLITE, 60827 SHARE 500,000 482,968
    INSHARES INS MSCI BRAZIL INDEX, 0 SH    
    INSHARES INS MSCI BRAZIL INDEX, 0 SH    
    ISHARES TR S&P 500 , 0 SHARES    
    ISHARES TR S&P 500 , 0 SHARES    
    ISHARES TRUST S&P SMALL CAP 600, 0 S    
    POWERSHARES DB MULTI SECTOR, 0 SHARE    
    POWERSHARES DB MULTI SECTOR, 0 SHARE    
    POWERSHARES EXCHANGE TRADED FD TR ZA 500,333 631,671
    POWERSHARE FIN PFD, 20000 SHARES 322,400 352,200
    POWERSHARE FIN PFD, 6000 SHARES 96,780 105,660
    POWERSHARE FIN PFD, 3900 SHARES 62,946 68,679
    POWERSHARE FIN PFD, 100 SHARES 1,615 1,761
    POWERSHARES EXCHANGE TRADED FD TR FI    
    POWERSHARES EXCHANGE TRADED FD TR FI    
    POWERSHARES EXCHANGE TRADED FD TR FI    
    POWERSHARES EXCHANGE TRADED FD TR FI    
    POWERSHARES QQQ TR UNIT SER 1, 0 SHA    
    PIMCO LOW DURATION CLASS P, 0 SHARES    
    PUTNAM ABSOLUTE RETURN, 46060 SHARES 516,799 518,638
    PUTNAM DIVERSIFIED, 62189 SHARES 500,000 500,627
    PUTNAM DIVERSIFIED, 62656 SHARES 500,000 504,381
    PUTNAM EQUITY SPECTRUM, 22641 SHARES 525,500 541,122
    PROSHARES ULTRA REAL, 2000 SHARES 101,064 101,240
    PROSHARES ULTRA REAL, 2000 SHARES 104,809 101,240
    PROSHARES ULTRA S&P 500, 0 SHARES    
    PROSHARES ULTRA S&P 500, 0 SHARES    
    PROSHARES ULTRA S&P 500, 0 SHARES    
    VAN KAMPEN UNIT TRS, 48015 SHARES 500,009 497,916
    VAN KAMPEN UNIT TRS, 46933 SHARES 500,005 486,695
    FT UNIT 1962 CONV & INCOME, 0 SHARES    
    FT UNIT 2094 CONV & INCOME, 0 SHARES    

    TY 2010 InvestmentsOtherSchedule2
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLD COINS AT COST 86,020 92,438
    ANNUITY FMV 1,100,000 1,100,687

    TY 2010 LegalFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      2,926      


    TY 2010 OtherExpensesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OTHER 303 303    
    OFFICE EXPENSE 7,008 6,307   701


    TY 2010 OtherLiabilitiesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Description Beginning of Year - Book Value End of Year - Book Value
    BORROWED SECURITIES   27,568


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 67,184 67,184    


    TY 2010 TaxesSchedule
    Name:
    EUGENE M CLARY FOUNDATION INC
    EIN: 58-2310406
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 6,443