Form990-PF
Click to see attachment

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
THE PIERRE & TANA MATISSE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1 EAST 53RD STREET   Room/suite
City or town, state, and ZIP code
NEW YORK, NY100224200
A Employer identification number

13-3838457
B Telephone number (see page 10 of the instructions)

(212) 355-6269
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$169,854,709J 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) 403,505
2 Check bullet
3 Interest on savings and temporary cash investments 380 380  
4 Dividends and interest from securities...... 1,196,202 1,196,202  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,511,106
b Gross sales price for all assets on line 6a 6,469,118
7 Capital gain net income (from Part IV, line 2)... 2,262,381
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 23,570 23,570  
12 Total. Add lines 1 through 11........ 5,134,763 3,482,533  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 360,000 18,000   342,000
14 Other employee salaries and wages...... 253,208 0   253,208
15 Pension plans, employee benefits....... 94,745 0   94,745
16a Legal fees (attach schedule)......... Click to see attachment 11,746 0   11,746
b Accounting fees (attach schedule)....... Click to see attachment 21,590 19,672   4,918
c Other professional fees (attach schedule).... Click to see attachment 318,643 236,120   82,523
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 73,886 24,841   41,545
19 Depreciation (attach schedule) and depletion... Click to see attachment 11,465 0  
20 Occupancy.............. 80,281 802   79,479
21 Travel, conferences, and meetings....... 25,280 0   27,733
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 291,947 74,875   217,072
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,542,791 374,310   1,154,969
25 Contributions, gifts, grants paid........ 1,352,975 1,352,975
26 Total expenses and disbursements. Add lines 24 and 25 2,895,766 374,310   2,507,944
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,238,997
b Net investment income (if negative, enter -0-) 3,108,223
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...............   121,038 121,038
2 Savings and temporary cash investments.......... 2,742,772 1,678,119 1,678,119
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)........ 17,872,069 Click to see attachment15,529,190 18,197,059
c Investments—corporate bonds (attach schedule)........ 5,178,456 Click to see attachment5,663,828 5,945,218
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 30,388,159 Click to see attachment29,852,002 32,093,468
14 Land, buildings, and equipment: basis bullet202,182
Less: accumulated depreciation (attach schedule) bullet28,171 185,476 Click to see attachment174,011 174,011
15 Other assets (describe bullet) Click to see attachment106,061,098 Click to see attachment111,645,796 Click to see attachment111,645,796
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 162,428,030 164,663,984 169,854,709
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 attachment3,043 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 3,043 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 162,424,987 164,663,984
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).................... 162,424,987 164,663,984
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 162,428,030 164,663,984
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)............... 1 162,424,987
2 Enter amount from Part I, line 27a...................... 2 2,238,997
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 164,663,984
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.. 6 164,663,984
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 SMH CAPITAL SHORT TERM P    
b SMH CAPITAL LONG TERM P    
c ADVISORY RESEARCH SHORT TERM P    
d ADVISORY RESEARCH LONG TERM P    
e THROUGH TRADEWINDS INTL EQUITY PORTFOLIO P    
HARBOR FUND SHORT TERM P    
SNOW CAPITAL SHORT TERM P    
SNOW CAPITAL LONG TERM P    
ATALANTA SOSNOFF SHORT TERM P    
ATALANTA SOSNOFF LONG TERM P    
5TH AVENUE VALUE CREATION FD P    
WENTWORTH HAUSER P    
CLASS ACTION SETTLEMENT P    
LE PORT D'ABAILL, 1905- HENRI MATISSE D   2010-06-08
YVES TANGUY, BOOK D   2010-06-10
THROUGH TRADEWINDS INTL EQUITY PORTFOLIO P    
CAPITAL GAINS DIVIDENDS P    
(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       193,175
b       185,349
c       50,761
d       89,518
e       288,261
      196,604
      155,686
      -229,616
      123,304
      575,810
217,707   250,000 -32,293
      -21,296
98     98
500,000   60,000 440,000
500   500 0
      145,907
101,113     101,113
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       193,175
b       185,349
c       50,761
d       89,518
e       288,261
      196,604
      155,686
      -229,616
      123,304
      575,810
      -32,293
      -21,296
      98
      440,000
      0
      145,907
      101,113
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 2,262,381
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 2,360,410 49,221,027 0.047955
2008 6,666,980 47,908,069 0.139162
2007 1,516,533 45,649,085 0.033222
2006 1,234,208 43,261,821 0.028529
2005 1,117,621 23,072,806 0.048439
2 Total of line 1, column (d) ...................... 2 0.297307
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 0.059461
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 59,617,745
5 Multiply line 4 by line 3....................... 5 3,544,931
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 31,082
7 Add lines 5 and 6......................... 7 3,576,013
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,507,944
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 62,164
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 62,164
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 62,164
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 11,071
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 88,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 99,071
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1,261
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 35,646
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet35,646 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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNY, DE
    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) Click to see list of attachments.......
    11
    Yes
     
    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 ofbulletSANDRA CARNIELLI Telephone no.bullet (212) 355-6269
    Located atbullet1 EAST 53RD STREETNEW YORKNY ZIP+4bullet100224200
    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
    ROBERT H HOROWITZ PRESIDENT/TREAS/DIR
    10.00     		120,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    EUGENE V THAW VP/SECY/DIRECTOR
    10.00     		120,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    JANOS FARKAS VP/ASST SECY/DIRECTOR
    10.00     		120,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    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
    SANDRA CARNIELLI EXECUTIVE DIRECTOR
    40.00     		185,000 6,500 0
    1 EAST 53RD STREET
    NEW YORK,NY10022
    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
    CHARLES STUCKEY CONSULTING-CATALOGUE RAISONNE 75,673
    1 EAST 53RD STREET
    NEW YORK,NY10022
    TRADEWINDS INVESTMENT MANAGEMENT 70,664
    C/O NUVEEN INVEST 801 S CANAL ST
    CHICAGO,IL60607
    SMH CAPITAL INVESTMENT ADVISORY 50,735
    6075 POPLAR AVE STE 700
    MEMPHIS,TN38119
    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 LENDING OF ARTWORK FOR DISPLAY AT VARIOUS EXHIBITIONS 178,031
    2 COMPILATION OF THE WORK OF ARTIST YVES TANGUY INTO A CATALOGUE RAISONNE 85,797
    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
    54,443,081
    b
    Average of monthly cash balances.......................
    1b
    6,082,548
    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
    60,525,629
    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
    60,525,629
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    907,884
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    59,617,745
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    2,980,887
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,980,887
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    62,164
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    62,164
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,918,723
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    2,918,723
    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
    2,918,723
    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
    2,507,944
    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
    2,507,944
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,507,944
    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 2,918,723
    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.......  
    c From 2007.......  
    d From 2008....... 4,193,160
    e From 2009.......  
    fTotal of lines 3a through e......... 4,193,160
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,507,944
    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..... 2,507,944
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 410,779 410,779
    (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 3,782,381
    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 ......     		3,782,381
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 3,782,381
    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
    3RD STREET MUSIC SCHOOL
    235 EAST 11TH STREET
    NEW YORK,NY10003     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 20,000
    ALVIN AILEY DANCE FOUNDATION INC
    405 W 55TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) EMERGENCY FUNDS FOR AILEY CAMP 10,000
    BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DRIVE
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,200
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 20,000
    BRONX MUSEUM FOR THE ARTS
    1040 GRAND CONCOURSE
    BRONX,NY10456     		NONE 501(C)(3) EDUCATION PROGRAM 25,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVENUE
    BROOKLYN,NY11217     		NONE 501(C)(3) EDUCATION PROGRAM 50,000
    CELEBRITY SERIES OF BOSTON
    20 PARK PLAZA STE 302
    BOSTON,MA02116     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 15,000
    CENTER FOR CURATORIAL LEADERSHIP
    174 EAST 80TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    CHRISTODORA
    1 EAST 53RD STREET SUITE 1401
    NEW YORK,NY100224200     		NONE 501(C)(3) ENVIRONMENTAL LEADERSHIP PROGRAM 15,000
    CLINICLOWNS
    PO BOX 1565 3800 BN
    AMERSFOORT    
    NL     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 3,000
    COOPER-HEWITT NATIONAL DESIGN
    2 EAST 91ST STREET
    NEW YORK,NY10128     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 2,500
    DRAWING CENTER
    35 WOOSTER STREET
    NEW YORK,NY10013     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 11,000
    DREAMYARD
    1085 WASHINGTON AVENUE
    BRONX,NY10456     		NONE 501(C)(3) BRONX ARTS LEARNING COMMUNITY 25,000
    EZRA JACK KEATS FOUNDATION
    450 14TH STREET
    BROOKLYN,NY11215     		NONE 501(C)(3) BOOK MAKING PROGRAM 13,000
    FIFA MUSE FILM & TELEVISION
    1 EAST 53RD STREET SUITE 1401
    NEW YORK,NY10022     		NONE 501(C)(3) INTERNATIONAL FILM ON ART FESTIVAL 37,500
    FRACTURED ATLAS
    248 W 35TH STREET
    NEW YORK,NY10001     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 30,000
    FRICK COLLECTION
    1 EAST 70TH STREET
    NEW YORK,NY10021     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 52,500
    GUGGENHEIM MUSEUM
    1071 FIFTH AVENUE
    NEW YORK,NY10128     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    INTERNATIONAL FOUNDATION FOR ART RESEARCH
    500 FIFTH AVENUE
    NEW YORK,NY10110     		NONE 501(C)(3) IFAR MAGAZINE 25,000
    METROPOLITAN OPERA
    LINCOLN CENTER
    NEW YORK,NY10023     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 35,000
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY10016     		NONE 501(C)(3) MODERN ART CURATORSHIP 40,000
    MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    NATIONAL GALLERY OF ART
    6TH STREET CONSTITUTIONAL AVE NW
    WASHINGTON,DC20004     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    NONPROFIT COORDINATING COMMITTEE OF NY
    1350 BROADWAY SUITE 1801
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 350
    PATRONS PROGRAM- ADOPT A SCHOOL
    1011 FIRST AVENUE SUITE 1400
    NEW YORK,NY10022     		NONE 501(C)(3) ART EDUCATION PROGRAM 52,250
    PHILADELPHIA MUSEUM OF ART
    PO BOX 7646
    PHILADELPHIA,PA19101     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE
    200 PARK AVENUE SOUTH
    NEW YORK,NY10003     		NONE 501(C)(3) FELLOWSHIP FOR YOUNG ARTISTS 10,000
    SOK SABAY ASSOCIATION
    PO BOX 427
    PHNOM PENH   12000
    CB     		NONE IRC SEC 509(A)(2) GENERAL PROGRAM SUPPORT 22,100
    SOZIALPROJECTE P GEORG SPORSCHILL
    HOCHSTETTERGASSE 6 A-1020
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 3,000
    STUDIO IN A SCHOOL
    410 W 59TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) EARLY CHILDHOOD PROGRAM 30,000
    STUDIO MUSEUM IN HARLEM
    144 WEST 125TH STREET
    NEW YORK,NY10027     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    UMMS FOUNDATION
    110 SOUTH PACA STREET
    BALTIMORE,MD21201     		NONE 501(C)(3) MEDICAL RESEARCH 5,000
    VOLUNTEER LAWYERS FOR THE ARTS
    1 EAST 53RD STREET SUITE 1401
    NEW YORK,NY10022     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 20,000
    WADSWORTH ATHENEUM MUSEUM OF ART
    600 MAIN STREET
    HARTFORD,CT06103     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    WHITNEY MUSEUM OF ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE 501(C)(3) CALDER RESTORATION 1,000
    YOUNG AUDIENCES NEW YORK
    115 EAST 92ND STREET
    NEW YORK,NY10128     		NONE 501(C)(3) ART RESIDENCIES FOR 4 SCHOOLS 25,000
    YOUNG AUDIENCES NEW YORK
    115 EAST 92ND STREET
    NEW YORK,NY10128     		NONE 501(C)(3) ART RESIDENCIES FOR 4 SCHOOLS 18,500
    ALVIN AILEY DANCE FOUNDATION INC
    405 W 55TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 15,000
    UMMS FOUNDATION
    110 SOUTH PACA STREET
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    MUSEUM OF THE CITY OF NEW YORK
    1220 FIFTH AVENUE
    NEW YORK,NY10029     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    LITTLE ORCHESTRA SOCIETY
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) IN SCHOOL MUSIC EDUCATION 25,000
    NEW YORK CITY OPERA
    DAVID H KOCH THEATER 20 LINCOLN
    CENTER
    NEW YORK,NY10023     		NONE 501(C)(3) EDUCATION & OUTREACH PROGRAMS 35,000
    COURTAULD INSTITUTE OF ART
    SOMERSET HOUSE STRAND
    LONDON   WC2R 0RN
    UK     		NONE 501(C)(3) EXHIBITION CATALOGUE 43,000
    THE JEWISH MUSEUM
    1109 5TH AVENUE
    NEW YORK,NY10128     		NONE 501(C)(3) MATISSE EXHIBITION 25,000
    KATONAH MUSEUM OF ART
    134 JAY STREET ROUTE 22
    KATONAH,NY10536     		NONE 501(C)(3) TANGUY/ SAGE EXHIBITION 32,400
    MANHATTAN GRAPHICS CENTER
    481 WASHINGTON STREET
    NEW YORK,NY10013     		NONE 501(C)(3) AFTER SCHOOL PROGRAM FOR HS 8,075
    NEW YORK THEATRE WORKSHOP
    79 EAST 4TH STREET
    NEW YORK,NY10003     		NONE 501(C)(3) THEATRE EDUCATION PROGRAM IN MS & HS 25,000
    PROJECT SUNSHINE
    108 WEST 39TH STREET STE 725
    NEW YORK,NY10018     		NONE 501(C)(3) VISUAL ARTS PROGRAM IN HOSPITALS 25,000
    READING EXCELLENCE AND DISCOVERY FDN READ ALLIANCE
    80 MAIDEN LANE
    NEW YORK,NY10038     		NONE 501(C)(3) LITERACY PROGRAM FOR KINDERGARTEN & FIRST GRADERS 10,000
    WORLD MONUMENTS FUND
    350 FIFTH AVENUE STE 2412
    NEW YORK,NY10018     		NONE 501(C)(3) CONSERVATION FOR CHURNING OF THE SEA 25,000
    ARTS CONNECTIONS INC
    520 8TH AVENUE 321
    NEW YORK,NY10018     		NONE 501(C)(3) VISUAL ARTS RESIDENCIES AT FOUR PS 100,000
    CENTER FOR ARTS EDUCATION
    225 W 34TH STREET 1112
    NEW YORK,NY10122     		NONE 501(C)(3) SCHOOL IN ARTS SUPPORT INITIATIVE AT 4 PS IN NYC 25,000
    IRONDALE PRODUCTIONS INC
    85 S OXFORD STREET
    BROOKLYN,NY11217     		NONE 501(C)(3) ARTS EDUCATION PARTNERSHIP PROGRAM 75,000
    JAMAICA CENTER FOR ARTS AND LEARNING
    161-04 JAMAICA AVENUE
    JAMAICA,NY11432     		NONE 501(C)(3) ARTVENTURE ARTS PARTNERSHIP WITH A HS 25,000
    VISUAL THINKING STRATEGIES
    109 S 5TH STREET STE 603
    BROOKLYN,NY11211     		NONE 501(C)(3) VTS SCHOOL EDUCATION AT NYC PS'S 27,500
    PARTNERSHIP FOR INNER-CITY EDUCATION
    1011 FIRST AVENUE STE 1313
    NEW YORK,NY10022     		NONE 501(C)(3) CREATIVE CLASSROOMS 28,600
    CHECKERBOARD FILM FOUNDATION
    1 EAST 53 STREET 14 FL
    NEW YORK,NY10022     		NONE 501(C)(3) DOCUMENTARY FILM ON JOHN RICHARDSON (PICASSO) 10,000
    BAVARIAN PEOPLES TRUST- MUNICH FDN
    RESODEMZESTRASSE 27/VII
    MUNICH   80333
    GM     		NONE FOREIGN IRC SEC 501( FUNDING OF EDUCATIONAL AND RESEARCH PROGRAMS-SEE FOOTNOTE 100,000
    LIVE MUSIC NOW
    KINGS PLACE 90 YORK WAY
    LONDON   N1 9AG
    UK     		NONE 501(C)(3) EDUCATIONAL PROGRAM 1,500
    Total .................................bullet 3a 1,352,975
    bApproved for future payment
    CHRISTODORA
    1 EAST 53 STREET STE 1401
    NEW YORK,NY10022     		NONE 501(C)(3) ENVIRONMENTAL LEADERSHIP PROGRAM 15,000
    LITTLE ORCHESTRA SOCIETY
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) IN SCHOOL MUSIC EDUCATION 25,000
    BRONX MUSEUM FOR THE ARTS
    1040 GRAND CONCOURSE
    BRONX,NY10456     		NONE 501(C)(3) EDUCATION PROGRAMS 25,000
    COOL CULTURE
    80 HANSON PLACE SUITE 604
    BROOKLYN,NY11217     		NONE 501(C)(3) VISITATION TRACKING PROGRAM 110,000
    PARTNERSHIP FOR INNER-CITY EDUCATION
    1011 FIRST AVENUE STE 1313
    NEW YORK,NY10022     		NONE 501(C)(3) CREATIVE CLASSROOMS 29,572
    DREAMYARD
    1085 WASHINGTON AVENUE
    BRONX,NY10456     		NONE 501(C)(3) BRONX ARTS LEARNING COMMUNITY 25,000
    JAMAICA CENTER FOR ARTS AND LEARNING
    161-04 JAMAICA AVENUE
    JAMAICA,NY11432     		NONE 501(C)(3) ARTVENTURE ARTS PARTNERSHIP WITH A HS 25,000
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY10016     		NONE 501(C)(3) MODERN ART CURATORSHIP 30,000
    NEW YORK CITY OPERA
    DAVID H KOCH THEATER 20 LINCOLN
    CENTER
    NEW YORK,NY10023     		NONE 501(C)(3) EDUCATION & OUTREACH PROGRAMS 35,000
    VISUAL THINKING STRATEGIES
    109 S 5TH STREET STE 603
    BROOKLYN,NY11211     		NONE 501(C)(3) VTS SCHOOL EDUCATION AT NYC PS'S 27,500
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVENUE
    BROOKLYN,NY11217     		NONE 501(C)(3) EDUCATION PROGRAM 50,000
    UMMS FOUNDATION
    110 SOUTH PACA STREET
    BALTIMORE,MD21201     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 10,000
    Total ..................................bullet 3b 407,072
    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     14 380  
    4 Dividends and interest from securities....     14 1,196,202  
    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.....     18 23,570  
    8Gain or (loss) from sales of assets other than inventory     18 3,511,106  
    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).. 0 4,731,258 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    134,731,258
    (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







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    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
    THE PIERRE & TANA MATISSE FOUNDATION INC
     
    Employer identification number

    13-3838457
    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
    THE PIERRE & TANA MATISSE FOUNDATION INC
          		Employer identification number

    13-3838457
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    MARIA-GAETANA MATISSE REVOCABLE TRUST
     

         
    C/O 1 EAST 53RD STREET
       
    NEW YORK, NY   10022

    		$403,505




    (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
    THE PIERRE & TANA MATISSE FOUNDATION INC
          		Employer identification number

    13-3838457
    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
    THE PIERRE & TANA MATISSE FOUNDATION INC
          		Employer identification number

    13-3838457
    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:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPERSMITH, SIMON & VOGEL 21,590 19,672   4,918

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2003-06-30 8,180 8,180 SL 5.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2008-06-30 38,005 1,461 SL 39.000000000000 974 0    
    LEASEHOLD IMPROVEMENTS 2009-06-30 104,678 1,342 SL 39.000000000000 2,684 0    
    FURNITURE AND FIXTURES 2009-06-30 40,710 2,908 SL 7.000000000000 5,816 0    
    TELEPHONE EQUIPMENT 2009-06-30 3,871 277 SL 7.000000000000 553 0    
    WEBSITE 2009-06-30 2,500 417 SL 3.000000000000 833 0    
    FURNITURE AND FIXTURES 2006-06-30 4,238 2,121 SL 7.000000000000 605 0    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PTMF HOLDINGS   DONATED           0 4,008,720  
    LIQUIDATION OF PTMF 2001-04 DONATED 2010-05   5,649,700 8,409,695   0 -2,759,995  

    TY 2010 GeneralExplanationAttachment
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Identifier Return Reference Explanation
      PART XV, ITEM 3A-GRANTS PAID: IN 2010 THE FOUNDATION MADE A GRANT TO THE BAVARIAN PEOPLES TRUST-MUNICH FOUNDATION, A FOREIGN IRC SEC 501(C)(3) ORGANIZATION FOR FUNDING OF EDUCATIONAL AND RESEARCH PROGRAMS. THE TRUST SUBMITS ANNUAL REPORTS TO THE MATISSE FOUNDATION INDICATING THE USE OF FUNDS IN CONNECTION WITH THEIR CHARITABLE ACTIVITIES.

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SMH CAPITAL 5,663,828 5,945,218

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PTMF HOLDINGS INC 0 0
    ADVISORY RESEARCH 3,513,977 4,104,758
    SNOW CAPITAL 3,758,171 4,085,074
    ATALANTA SOSNOFF 4,634,366 5,786,721
    WENTWORTH HAUSER 3,622,676 4,220,506

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TRADEWINDS INTERNATIONAL EQUITY PORTFOLIO AT COST 8,424,738 8,672,126
    HARBOR BOND-INST AT COST 6,141,787 6,325,406
    IRONWOOD INTERNATIONAL LTD AB AT COST 5,000,000 4,883,087
    ASHMORE EMERGING MARKET DEBT FUND AT COST 5,285,477 6,191,276
    TITAN MASTERS INTERNATIONAL FD LTD AT COST 5,000,000 6,021,573
    ALTERNATIVE INVESTMENTS-FUNDS AT COST 0 0

    TY 2010 LandEtcSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 8,180 8,180   0
    LEASEHOLD IMPROVEMENTS 38,005 2,435 35,570 0
    LEASEHOLD IMPROVEMENTS 104,678 4,026 100,652 0
    FURNITURE AND FIXTURES 40,710 8,724 31,986 0
    TELEPHONE EQUIPMENT 3,871 830 3,041 0
    WEBSITE 2,500 1,250 1,250 0
    FURNITURE AND FIXTURES 4,238 2,726 1,512 0


    TY 2010 LegalFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WITHERS BERGMAN 584 0   584
    CARTER LEDYARD & MILBURN 11,162 0   11,162


    TY 2010 OtherAssetsSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BOOKS,MAQUETTES AND ARTWORK 106,055,958 111,645,158 111,645,158
    DUE FROM URSUS 638 638 638
    DUE FROM PTMF HOLDINGS INC 4,502 0 0


    TY 2010 OtherExpensesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSES 7,550 0   7,550
    PAYROLL EXPENSE 2,209 0   2,209
    DUES AND SUBSCRIPTIONS 1,771 0   1,771
    INSURANCE 20,759 0   20,759
    TELEPHONE AND INTERNET 5,810 0   5,810
    OFFICE 8,410 841   7,569
    POSTAGE & DELIVERY 3,208 0   3,208
    DELAWARE AGENTS FEE 356 0   356
    MISCELLANEOUS 5,107 0   5,107
    ARTWORK FRAMING 7,807 0   7,807
    ARTWORK STORAGE 66,573 0   66,573
    ARTWORK INSURANCE 53,040 0   53,040
    CONSERVATION 750 0   750
    ARTWORK OTHER 17,399 0   17,399
    FROM PASSTHROUGH-TRADEWINDS INTL EQUITY 70,664 70,664   0
    PENSION SERVICES 2,830 0   2,830
    CATALOGUE RAISONNE 3,274 0   3,274
    EXHIBITION EXPENSE 7,060 0   7,060
    NEW YORK STATE FILING FEE 1,500 0   1,500
    INVESTMENT TRANSACTION FEES 3,370 3,370   0
    MEMBERSHIPS 2,500 0   2,500


    TY 2010 OtherIncomeSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    THROUGH TRADEWINDS INTL EQUITY PORTFOLIO 23,570 23,570 23,570


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Beginning of Year - Book Value End of Year - Book Value
    PENSION PLAN PAYABLE-401K 3,043 0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SMH CAPITAL 50,735 50,735   0
    ADVISORY RESEARCH 36,938 36,938   0
    SNOW CAPITAL 29,983 29,983   0
    ATALANTA SOSNOFF 45,901 45,901   0
    CONSULTING SERVICES GROUP 49,837 49,837   0
    CHARLES STUCKEY 82,523 0   82,523
    WENTWORTH HAUSER 22,726 22,726   0


    TY 2010 TaxesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHELD 24,228 24,228   0
    PAYROLL TAXES 42,158 613   41,545
    EXCISE TAX 7,500 0   0


    TY 2010 TransfersFrmControlledEntities
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name US /
    Foreign Address    		 EIN Description Amount
    PTMF HOLDINGS INC (FORMERLY TANA MATISSE GALLERY INC) C/O MCDONALD CARANO WILSON LLP 100
    WEST LIBERTY STREET 10TH FL
    RENO,NV89501     		13-3567360 ASSETS DISTRIBUTED ON LIQUIDATION OF PTMF HOLDINGS 5,649,700
    Total     5,649,700

    TY 2010 TransfersToControlledEntities
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name US /
    Foreign Address    		 EIN Description Amount
    PTMF HOLDINGS INC (FORMERLY TANA MATISSE GALLERY INC) C/O MCDONALD CARANO WILSON LLP 100
    WEST LIBERTY STREET 10TH FL
    RENO,NV89501     		13-3567360 PAYMENT OF STATE AND CITY FILING FEE. 315
    Total     315