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
HUNTER FAMILY FOUNDATION
C/O FINANCIAL INVESTMENTS CORPORATION

Number and street (or P.O. box number if mail is not delivered to street address)50 EAST WASHINGTON STREET NO 400   Room/suite
City or town, state, and ZIP code
CHICAGO, IL60602
A Employer identification number

36-3959347
B Telephone number (see page 10 of the instructions)

(847) 234-0109
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$18,644,636J 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) 2,477,500
2 Check bullet
3 Interest on savings and temporary cash investments 278,116 278,116  
4 Dividends and interest from securities...... 146,407 146,407  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,302,784
b Gross sales price for all assets on line 6a 1,787,583
7 Capital gain net income (from Part IV, line 2)... 1,302,784
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)....... Click to see attachment 41,569 40,669  
12 Total. Add lines 1 through 11........ 4,246,376 1,767,976  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 81,583 0   81,583
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,883 0   0
c Other professional fees (attach schedule).... Click to see attachment 40,000 20,000   0
17 Interest............... 387 387   0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 23,238 238   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,400 0   2,400
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,745 48,493   838
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 205,236 69,118   84,821
25 Contributions, gifts, grants paid........ 696,750 696,750
26 Total expenses and disbursements. Add lines 24 and 25 901,986 69,118   781,571
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,344,390
b Net investment income (if negative, enter -0-) 1,698,858
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............... 86,921 73,423 73,423
2 Savings and temporary cash investments..........      
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)........ 5,994,571 Click to see attachment7,905,628 12,707,053
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)........... 4,522,082 Click to see attachment5,922,123 5,850,160
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment10,167 Click to see attachment14,000 Click to see attachment14,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,613,741 13,915,174 18,644,636
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 attachment81,092 Click to see attachment38,135
23 Total liabilities (add lines 17 through 22).......... 81,092 38,135
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......... 10,532,649 13,877,039
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,532,649 13,877,039
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,613,741 13,915,174
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 10,532,649
2 Enter amount from Part I, line 27a...................... 2 3,344,390
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 13,877,039
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 13,877,039
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 EXPIRED JPM CALLS P   2010-12-31
b 5900 JPM SHARES D   2010-03-10
c 5900 JPM SHARES D   2010-03-10
d 2300 JPM SHARES D   2010-03-17
e 2300 JPM SHARES D   2010-03-17
3000 SHARES OF JPM D   2010-04-15
2500 SHARES OF JPM D   2010-04-16
5000 SHARES OF JPM D   2010-04-16
2500 SHARES OF JPM D   2010-04-16
5000 SHARES OF JPM D   2010-07-26
2500 SHARES OF JPM D   2010-07-26
3027 SHARES OF FHN D   2010-12-09
1429 SHARES OFN TRV D   2010-12-09
SHORT TERM CAPITAL GAINS THRU K-1S D   2010-12-31
LONG TERM CAPITAL GAINS THRU K-1S D   2010-12-31
(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 92,462     92,462
b 253,200   6,968 246,232
c 253,285   183,356 69,929
d 100,923   2,716 98,207
e 100,923   71,478 29,445
142,588   3,543 139,045
109,848   77,693 32,155
214,696   155,387 59,309
109,848   2,953 106,895
200,708   5,905 194,803
100,498   77,693 22,805
31,199   2,513 28,686
77,405   28,027 49,378
      5,374
      128,059
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       92,462
b       246,232
c       69,929
d       98,207
e       29,445
      139,045
      32,155
      59,309
      106,895
      194,803
      22,805
      28,686
      49,378
      5,374
      128,059
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 1,302,784
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 593,502 12,142,527 0.048878
2008 559,530 11,251,602 0.049729
2007 498,695 10,649,501 0.046828
2006 441,858 8,674,104 0.050940
2005 312,462 6,768,981 0.046161
2 Total of line 1, column (d) ...................... 2 0.242536
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 0.048507
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 15,516,625
5 Multiply line 4 by line 3....................... 5 752,665
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 16,989
7 Add lines 5 and 6......................... 7 769,654
8 Enter qualifying distributions from Part XII, line 4.............. 8 781,571
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 16,989
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 16,989
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 16,989
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 21,752
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 12,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,752
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 16,763
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet16,763 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
     
    No
    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)bulletIL
    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 addressbulletN/A
    14
    The books are in care ofbulletTHOMAS B HUNTER III Telephone no.bullet (847) 234-0109
    Located atbullet911 WOODBINE PLACELAKE FORESTIL ZIP+4bullet60045
    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
     
    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
     
    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
     
     
    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
    THOMAS B HUNTER III TRUSTEE
    8.00     		0 0 0
    911 WOODBINE PLACE
    LAKE FOREST,IL60045
    MAXINE HUNTER TRUSTEE
    6.00     		0 0 0
    911 WOODBINE PLACE
    LAKE FOREST,IL60045
    THOMAS B HUNTER IV TRUSTEE
    2.00     		81,583 0 0
    1090 N SHERIDAN ROAD
    LAKE FOREST,IL60045
    WILLARD M HUNTER TRUSTEE
    2.00     		0 0 0
    319 E NORTH AVE
    LAKE BLUFF,IL60044
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    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
    9,844,487
    b
    Average of monthly cash balances.......................
    1b
    664,197
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    5,244,235
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,752,919
    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
    15,752,919
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    236,294
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,516,625
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    775,831
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    775,831
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    16,989
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,989
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    758,842
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    758,842
    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
    758,842
    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
    781,571
    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
     
    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
    781,571
    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
    16,989
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    764,582
    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 7 758,842
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006....... 24,489
    c From 2007.......  
    d From 2008....... 1,809
    e From 2009....... 4,272
    fTotal of lines 3a through e......... 30,570
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 781,571
    a Applied to 2009, but not more than line 2a 0
    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..... 758,842
    e Remaining amount distributed out of corpus 22,729
    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 53,299
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		53,299
    10 Analysis of line 9:
    a Excess from 2006.... 24,489
    b Excess from 2007....  
    c Excess from 2008.... 1,809
    d Excess from 2009.... 4,272
    e Excess from 2010.... 22,729
    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).)
    THOMAS B HUNTER IV
    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
    626 LANDMARK FOUNDATION
    626 NORTH MICHIGAN AVENUE
    CHICAGO,IL60611     		NONE PUBLIC GENERAL SUPPORT 500
    ANTIQUARIAN SOCIETY
    111 S MICHIGAN AVENUE
    CHICAGO,IL60603     		NONE PUBLIC GENERAL SUPPORT 3,500
    AUQUANUT WATER SHOWS
    PO BOX 118
    TWIN LAKES,WI53181     		NONE PUBLIC GENERAL SUPPORT 2,000
    ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVENUE
    CHICAGO,IL60603     		NONE PUBLIC GENERAL SUPPORT 10,000
    BARRIER ISLAND PARKS SOCIETY
    PO BOX 637
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 500
    BERKSHIRE SCHOOL
    245 N UNDERMOUNTAIN RD
    SHEFFIELD,MA01257     		NONE PUBLIC GENERAL SUPPORT 500
    BERNIE'S BOOKS BOOK BANK DONATIONS
    985 EAST MAPLEWOOD ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 1,000
    BOCA GRANDE COMMUNITY CENTER
    PO BOX 1222
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 500
    BOCA GRANDE HEALTH CLINIC FOUNDATION INC
    320 PARK AVE
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 5,000
    BOCA GRANDE HISTORICAL SOCIETY
    PO BOX 553
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 500
    BOCA GRANDE WOMAN'S CLUB INC
    PO BOX 65
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 5,000
    BOYS AND GIRLS CLUB OF LAKE COUNTY
    1801 SHERIDAN ROAD SUITE 202
    NORTH CHICAGO,IL60064     		NONE PUBLIC GENERAL SUPPORT 1,000
    BROWN COUNTY PUBLIC LIBRARY
    205 LOCUST LANE
    NASHVILLE,IN47448     		NONE PUBLIC GENERAL SUPPORT 1,000
    CHERRY CREEK PRESBYTERIAN CHURCH
    10150 EAST BELLEVIEW AVENUE
    ENGLEWOOD,CO80111     		NONE PUBLIC GENERAL SUPPORT 1,000
    CHICAGO BOTANIC GARDEN
    1000 LAKE COOK RD
    GLENCOE,IL60022     		NONE PUBLIC GENERAL SUPPORT 69,200
    CHICAGO SYMPHONY ORCHESTRA
    220 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60604     		NONE PUBLIC GENERAL SUPPORT 2,500
    CHILDREN MEMORIAL FOUNDATION
    2300 CHILDRENS PLAZA BOX 4
    CHICAGO,IL60614     		NONE PUBLIC GENERAL SUPPORT 2,500
    CHOATE SCHOOL
    333 CHRISTIAN STREET
    WALLINGFORD,CT06492     		NONE PUBLIC GENERAL SUPPORT 500
    CHURCH OF THE HOLY SPIRIT
    4000 EAST WESTMINSTER ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 1,000
    COALITION FOR THE HOMELESS
    129 FULTON STREET
    NEW YORK,NY10038     		NONE PUBLIC GENERAL SUPPORT 500
    COLBY-SAWYER COLLEGE
    541 MAIN STREET
    NEW LONDON,NH03257     		NONE PUBLIC GENERAL SUPPORT 10,000
    CHRON'S AND COLITIS FOUNDATION
    386 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY10016     		NONE PUBLIC GENERAL SUPPORT 5,000
    CROYA
    400 HASTINGS ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 500
    DENISON UNIVERSITY
    PO BOX 716
    GRANVILLE,OH43023     		NONE PUBLIC GENERAL SUPPORT 500
    DOCTORS WITHOUT BORDERS
    333 7TH AVENUE
    NEW YORK,NY10001     		NONE PUBLIC GENERAL SUPPORT 1,000
    EDMUND WALSH SCHOOL OF FOREIGN SERVICE
    37TH AND 0 STREET NW
    WASHINGTON,DC20007     		NONE PUBLIC GENERAL SUPPORT 2,500
    ELAWA FARM FOUNDATION
    PO BOX 181
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 1,000
    ERIKSON INSTITUTE
    451 NORTH LASALLE ST
    CHICAGO,IL60654     		NONE PUBLIC GENERAL SUPPORT 1,000
    FIENBERG SCHOOL OF MEDICINE
    750 NORTH LAKE SHORE DRIVE
    CHICAGO,IL60611     		NONE PUBLIC GENERAL SUPPORT 5,000
    FIRST PRESBYTERIAN CHURCH OF LAKE FOREST
    700 N SHERIDAN RD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 12,500
    FRIENDS OF RYERSON WOODS
    21950 RIVERWOODS RD
    DEERFIELD,IL60015     		NONE PUBLIC GENERAL SUPPORT 5,000
    GARDEN CONSERVENCY
    PO BOX 219
    COLD SPRINGS,NY10516     		NONE PUBLIC GENERAL SUPPORT 20,000
    GICIA
    PO BOX 446
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 5,000
    GREAT LAKES NATURE CONSERVATION
    8 SOUTH MICHIGAN AVE 900
    CHICAGO,IL60603     		NONE PUBLIC GENERAL SUPPORT 500
    HOBART COLLEGE
    615 S MAIN ST
    GENEVA,NY14456     		NONE PUBLIC GENERAL SUPPORT 500
    HOTCHKISS SCHOOL
    11 INTERLAKEN ROAD PO BOX 800
    LAKEVILLE,CT06039     		NONE PUBLIC GENERAL SUPPORT 500
    I HAVE A DREAM FOUNDATION
    565 HATHAWAY SCHOOL
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 60,000
    ISLAND CHARTER SCHOOL
    130 BANYON ST PO BOX 1090
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 500
    JOHANN FUST COMMUNITY LIBRARY
    PO BOX 309
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 500
    LAKE COUNTY COMMUNITY FOUNDATION
    114 SOUTH GENESSE STREET
    GURNEE,IL60031     		NONE PUBLIC GENERAL SUPPORT 2,500
    LAKE FOREST ACADEMY
    1500 W KENNEDY ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 1,000
    LAKE FOREST COLLEGE
    555 N SHERIDAN RD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 1,000
    LAKE FOREST COUNTRY DAY SCHOOL
    145 SOUTH GREEN BAY ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 2,500
    LAKE FOREST FIRE DEPARTMENT
    220 E DEERPATH
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 500
    LAKE FOREST GARDEN CLUB
    445 WISCONSIN AVE
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 500
    LAKE FOREST OPEN LANDS ASSOCIATION
    350 NORTH WAUKEGAN ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 20,000
    LAKE FOREST PRESERVATION FOUNDATION
    400 EAST ILLINOIS ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 500
    LAKE FOREST-LAKE BLUFF HISTORICAL SOCIETY
    361 EAST WESTMINSTER ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 115,000
    LOUISE DU PONT CROWNINSHIELD COMMUNITY HOUSE
    131 BANYAN ST
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 500
    MERIT SCHOOL OF MUSIC
    38 SOUTH PEORIA ST
    CHICAGO,IL60605     		NONE PUBLIC GENERAL SUPPORT 1,000
    METROSQUASH
    5655 SOUTH UNIVERSITY AVENUE
    CHICAGO,IL60637     		NONE PUBLIC GENERAL SUPPORT 2,000
    MUSEUM OF ARTS AND DESIGN
    2 COLUMBUS CIRCLE
    NEW YORK,NY10019     		NONE PUBLIC GENERAL SUPPORT 950
    NATIONAL CATHEDRAL
    3103 WISCONSIN AVE NW
    WASHINGTON,DC20016     		NONE PUBLIC GENERAL SUPPORT 500
    NORTH LAWNDALE COLLEGE PREP HS
    1615 S CHRISTIANA AVENUE
    CHICAGO,IL60623     		NONE PUBLIC GENERAL SUPPORT 150,000
    NORTHERN ILLINOIS FOOD BANK
    600 INDUSTRIAL DRIVE
    ST CHARLES,IL60174     		NONE PUBLIC GENERAL SUPPORT 10,000
    NORTHWESTERN MEMORIAL HOSPITAL
    351 E HURON
    CHICAGO,IL60611     		NONE PUBLIC GENERAL SUPPORT 20,000
    PLANNED PARENTHOOD OF CHICAGO
    18 S MICHIGAN AVENUE 6TH FLORR
    CHICAGO,IL60603     		NONE PUBLIC GENERAL SUPPORT 2,500
    RAGDALE FOUNDATION
    1260 N GREEN BAY ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL SUPPORT 1,000
    RAVINIA FESTIVAL ASSOCIATION
    418 SHERIDAN RD
    HIGHLAND PARK,IL60035     		NONE PUBLIC GENERAL SUPPORT 50,000
    RECORDING FOR THE BLIND AND DYSLEXIC
    180 NORTH MICHIGAN AVENUE
    CHICAGO,IL60601     		NONE PUBLIC GENERAL SUPPORT 1,000
    ROYAL PALM PLAYERS
    PO BOX 954
    BOCA GRANDE,FL33921     		NONE PUBLIC GENERAL SUPPORT 1,000
    RUSH NEUROBEHAVIORAL CENTER
    4711 W GOLF ROAD SUITE 1100
    SKOKIE,IL60076     		NONE PUBLIC GENERAL SUPPORT 1,000
    RUSH UNIVERSITY MEDICAL CENTER
    1700 WEST VAN BUREN ST
    CHICAGO,IL60612     		NONE PUBLIC GENERAL SUPPORT 5,000
    SCHOOL YEAR ABROAD
    439 SOUTH UNION STREET
    LAWRENCE,MA01842     		NONE PUBLIC GENERAL SUPPORT 5,000
    SHEDD AWUARIUM
    1200 LAKE SHORE DRIVE
    CHICAGO,IL60605     		NONE PUBLIC GENERAL SUPPORT 5,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750402
    DALLAS,TX75275     		NONE PUBLIC GENERAL SUPPORT 1,000
    STEPPENWOLF THEATRE
    758 WEST NORTH AVENUE
    CHICAGO,IL60610     		NONE PUBLIC GENERAL SUPPORT 5,000
    TABOR ACADEMY
    66 SPRING ST
    MARION,MA02738     		NONE PUBLIC GENERAL SUPPORT 5,000
    TALL TIMBERS RESEARCH
    13093 HENRY BEADEL
    TALLAHASEE,FL32312     		NONE PUBLIC GENERAL SUPPORT 5,000
    THOMAS LABRECQUE FOUNDATION
    1414 PRINCE STREET SUIT 400
    ALEXANDRIA,VA22314     		NONE PUBLIC GENERAL SUPPORT 1,000
    VANDERBILT UNIVERSITY
    PMB 407727 2301 VANDERBILT PLACE
    NASHVILLE,TN37240     		NONE PUBLIC GENERAL SUPPORT 500
    VLIET MUSEUM OF LAKE BLUFF
    PO BOX 240 127 EAST SCRANTON AVENUE
    LAKE BLUFF,IL60044     		NONE PUBLIC GENERAL SUPPORT 500
    WASHINGTON NATIONAL CATHEDRAL
    MASSACHUSSETS AND WISCONSIN AVENUES
    NW
    WASHINGTON,DC20016     		NONE PUBLIC GENERAL SUPPORT 23,000
    WESTMINSTER SCHOOL
    995 HOPMEADOW ST
    SIMSBURY,CT06070     		NONE PUBLIC GENERAL SUPPORT 5,000
    WOMAN'S BOARD OF NORTHWESTERN HOSPITAL
    676 NORTH SAINT CLAIR STREET SUITE
    2050
    CHICAGO,IL60611     		NONE PUBLIC GENERAL SUPPORT 1,100
    WOUNDED WARRIOR PROJECT
    PO BOX 758517
    TOPEKA,KS66675     		NONE PUBLIC GENERAL SUPPORT 10,000
    Total .................................bullet 3a 696,750
    bApproved for future payment
    Total ..................................bullet 3b 0
    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     14 278,116  
    4 Dividends and interest from securities....     14 146,407  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 40,669  
    8Gain or (loss) from sales of assets other than inventory     18 1,302,784  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL EXCISE TAX REFUND     01 900  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,768,876 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,768,876
    (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
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    Employer identification number

    36-3959347
    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
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION         		Employer identification number

    36-3959347
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    MAXINE M HUNTER CHARITABLE LEAD ANNUITY TRUST
     

         
    C/O FIC 50 E WASHINGTON STREET SUIT
       
    CHICAGO, IL   60602

    		$2,530,833




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
    MAXINE M HUNTER CHARITABLE LEAD ANNUITY TRUST
     

         
    C/O FIC 50 E WASHINGTON STREET SUIT
       
    CHICAGO, IL   60602

    		$22,276




    (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
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION         		Employer identification number

    36-3959347
    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
    1
    		 59500 SHS JP MORGAN   $2,530,833 2010-12-30
    (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
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION         		Employer identification number

    36-3959347
    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:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,883 0   0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JP MORGAN CHASE CM STK 96209 SHS 91,538 3,287,932
    CITICORP CM STK 25000 SHS 412,312 118,250
    ST PAUL'S COMPANIES DCM STK 1429 SHS 0 0
    BANK OF AMERICA CM STK 26098 SHS 501,431 348,147
    BRAUVIN NET LEASE, INC 233,956 233,956
    JP MORGAN CHASE CM STK 125900 SHS 5,804,777 7,864,668
    2000 SHS FHN 0 0
    12800 SHS WFD 130,114 118,400
    USAB - PREFERRED SERIES A (CLAT) 700,000 700,000
    USAMERIBANCORP INC (CLAT) 31,500 35,700

    TY 2010 InvestmentsOtherSchedule2
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIC INCOME PARTNERSHIP AT COST 298,077 290,405
    JP MORGAN LIQUID ASSET MMF AT COST 420,280 420,280
    VANGUARD TOTAL MARKET AT COST 156,045 142,846
    ISHARES MSCI EAFE INDEX AT COST 83,175 64,042
    VANGUARD TOTAL MARKET AT COST 193,324 178,558
    MCS SUB DEBT AT COST 525,105 525,105
    ISHARES MSCI EAFE INDEX AT COST 49,655 40,754
    TAYLOR CAPITAL GROUP SUBDEBT AT COST 1,000,000 1,000,000
    ALIANT SUB DEBT AT COST 500,000 500,000
    BRAUVIN NET LEASE, INC (CLAT) AT COST 467,895 467,895
    CEP II MANGROVE (CLAT) AT COST 457,108 457,108
    CEP II CAGP IV (CLAT) AT COST 214,151 214,151
    CEP II CA HOME (CLAT) AT COST 549,016 549,016
    TAYLOR CAPITAL SUBDEBT 2010 AT COST 1,008,292 1,000,000

    TY 2010 OtherAssetsSchedule
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 10,167 14,000 14,000


    TY 2010 OtherExpensesSchedule
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES AND MISC EXPENSE 118 0   93
    OTHER DEDUCTIONS - K-1S 48,882 48,493   0
    MEMBERSHIP DUES 745 0   745


    TY 2010 OtherIncomeSchedule2
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FIC INCOME PARTNERSHIP - INTEREST & DIVIDEND INCOME 23,838 23,838 23,838
    CEP II MANGROVE - INTEREST AND DIVIDENDS 5,861 5,861 5,861
    CEP II CA HOME - INTEREST AND DIVIDENDS 10,160 10,160 10,160
    CEP II CAGP IV - INTEREST AND DIVIDENDS 263 263 263
    CEP II MANGROVE - OTHER INCOME 547 547 547
    FEDERAL EXCISE TAX REFUND 900   900


    TY 2010 OtherLiabilitiesSchedule
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO CLAT - OVERPAID ANNUITY 41,700 0
    JPM OPEN CALLS 39,392 38,135


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 40,000 20,000   0


    TY 2010 TaxesSchedule
    Name:
    HUNTER FAMILY FOUNDATION
    C/O FINANCIAL INVESTMENTS CORPORATION
    EIN: 36-3959347
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 238 238   0
    EXCISE TAXES 23,000 0   0