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 05-01-2010 , and ending 04-30-2011
G
Check all that apply:
Name of foundation
BEAVER FAMILY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)2425 N CENTER STREET 362   Room/suite
City or town, state, and ZIP code
HICKORY, NC28601
A Employer identification number

56-2028723
B Telephone number (see page 10 of the instructions)

(828) 325-0655
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$12,105,726J 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) 1,700
2 Check bullet
3 Interest on savings and temporary cash investments 40 40  
4 Dividends and interest from securities...... 406,165 406,165  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 24,070
b Gross sales price for all assets on line 6a 3,243,392
7 Capital gain net income (from Part IV, line 2)... 24,070
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 500 500  
12 Total. Add lines 1 through 11........ 432,475 430,775  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 3,750 0   0
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 5,175 5,175   0
c Other professional fees (attach schedule).... Click to see attachment 25,703 25,703   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 13,637 8,579   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 113 113  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 60,616 60,616   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 108,994 100,186   0
25 Contributions, gifts, grants paid........ 91,930 91,930
26 Total expenses and disbursements. Add lines 24 and 25 200,924 100,186   91,930
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 231,551
b Net investment income (if negative, enter -0-) 330,589
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 319,738 634,734 634,734
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) 2,599,153 Click to see attachment1,827,096 1,973,873
b Investments—corporate stock (attach schedule)........ 4,151,259 Click to see attachment4,650,954 6,778,096
c Investments—corporate bonds (attach schedule)........ 2,152,252 Click to see attachment2,591,278 2,617,199
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 350,000 Click to see attachment100,000 101,772
14 Land, buildings, and equipment: basis bullet7,711
Less: accumulated depreciation (attach schedule) bullet7,659 164 Click to see attachment52 52
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,572,566 9,804,114 12,105,726
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 9,572,566 9,804,114
30 Total net assets or fund balances (see page 17 of the
instructions).................... 9,572,566 9,804,114
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,572,566 9,804,114
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 9,572,566
2 Enter amount from Part I, line 27a...................... 2 231,551
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,804,117
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 9,804,114
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 ABBOTT LABORATORIES   2002-12-19 2011-03-07
b ABBOTT LABORATORIES   2003-11-18 2011-03-07
c MEDTRONIC   2005-01-18 2011-03-02
d ORMAT TECHNOLOGIES INC   2010-04-07 2011-03-02
e TANGER FACTORY 7.5% SR C   2005-10-27 2010-12-09
YUM BRANDS INC   2004-09-13 2010-05-27
AMERICAN EXPRESS BANK   2009-04-15 2011-04-15
DISCOVER BANK GREENWOOD   2009-04-15 2011-04-15
MORGAN STANLEY BANK   2009-01-02 2010-01-03
CISCO SYSTEMS   2008-03-18 2011-02-22
CONOCO FUNDING CO   2009-01-07 2010-08-03
ENTERPRISE PRODUCTS   2009-07-31 2011-02-01
HOME DEPOT INC   2008-04-22 2010-08-16
HOME DEPOT INC SR NTS   2008-02-05 2011-03-01
FED HOME LN BANK   2009-11-30 2010-05-27
FED HOME LN BANK   2009-08-05 2010-09-03
FED HOME LN BANK   2010-06-21 2010-12-21
FED HOME LN BANK   2009-12-03 2010-06-29
FED HOME LN BANK   2010-03-29 2010-07-22
FED HOME LN BNK   2008-11-06 2010-11-17
FED HOME LN BNK   2008-11-06 2010-11-17
FED HOME LN BNK   2009-06-23 2010-07-28
FED HOME LN BANK   2010-03-29 2010-10-13
FED HOME LN BNK   2008-10-30 2010-11-05
US TSY NOTE   2006-03-31 2011-03-31
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 37,955   29,605 8,350
b 9,489   8,972 517
c 58,689   76,444 -17,755
d 19,408   23,348 -3,940
e 125,000   125,000 0
119,871   59,135 60,736
100,000   100,000 0
100,000   100,000 0
50,000   50,000 0
100,000   105,772 -5,772
267,254   271,909 -4,655
150,000   160,413 -10,413
100,000   99,995 5
100,000   103,858 -3,858
150,000   150,019 -19
30,000   30,000 0
300,000   300,000 0
385,000   385,000 0
150,000   150,000 0
150,000   150,000 0
150,000   150,000 0
90,000   90,005 -5
150,000   150,000 0
200,000   200,000 0
150,000   149,847 153
726     726
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       8,350
b       517
c       -17,755
d       -3,940
e       0
      60,736
      0
      0
      0
      -5,772
      -4,655
      -10,413
      5
      -3,858
      -19
      0
      0
      0
      0
      0
      0
      -5
      0
      0
      153
      726
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 24,070
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 202,950 10,203,138 .019891
2008 573,770 10,319,346 .055601
2007 1,321,541 12,020,798 .109938
2006 513,265 11,313,463 .045368
2005 850,298 10,929,922 .077795
2 Total of line 1, column (d) ...................... 2 .308593
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 .061719
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 11,183,822
5 Multiply line 4 by line 3....................... 5 690,254
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,306
7 Add lines 5 and 6......................... 7 693,560
8 Enter qualifying distributions from Part XII, line 4.............. 8 91,930
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 6,612
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 6,612
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 6,612
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 6,127
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,127
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 22
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 507
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
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)bulletNC
    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 ofbulletTHE FOUNDATION Telephone no.bullet (828) 325-0655
    Located atbullet2425 N CENTER ST 362HICKORYNC ZIP+4bullet28601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    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
    DONALD C BEAVER PRESIDENT
    1.00     		1,250 0 0
    530 OCEAN DRIVE 1202
    JUNO BEACH,FL33408
    DEBORAH B LOOPER VICE PRESIDENT
    1.00     		1,250 0 0
    3160 LAUREL RIDGE RD NW
    HICKORY,NC28601
    ANGELA B SIMMONS SECRETARY
    1.00     		0 0 0
    2425 N CENTER ST 363
    HICKORY,NC28601
    DONNA B FLEMING TREASURER
    1.00     		1,250 0 0
    4002 STADLER DR NE
    CONOVER,NC28613
    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
    5,847,825
    b
    Average of monthly cash balances.......................
    1b
    425,765
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    5,080,544
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,354,134
    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
    11,354,134
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    170,312
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,183,822
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    559,191
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    559,191
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    6,612
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,612
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    552,579
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    552,579
    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
    552,579
    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
    91,930
    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
    91,930
    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
    91,930
    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 7 552,579
    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....... 397,060
    d From 2008....... 64,269
    e From 2009.......  
    fTotal of lines 3a through e......... 461,329
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 91,930
    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..... 91,930
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 460,649 460,649
    (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 5 680
    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 ......     		680
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008.... 680
    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
    AIDS LEADERSHIP FOOTHILLS AREA ALLIANCE
    1120 FAIRGROVE CHURCH RD
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 250
    AMERICAN HEART ASSOCIATION
    222 S CHURCH STREET
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY DONATION 5,000
    APPALACHIAN STATE UNIVERSITY FOUNDATION
    PO BOX 32038
    BOONE,NC28608     		NONE PUBLIC CHARITY DONATION 30,580
    CATAWBA COUNTY UNITED WAY
    PO BOX 2425
    HICKORY,NC28603     		NONE PUBLIC CHARITY DONATION 500
    CITY OF HICKORY-HICKORY INTERNATIONAL COUNCIL
    76 N CENTER ST
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 250
    CORINTH REFORMED UNITED
    150 16TH AVENUE NORTHWEST
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 500
    CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION
    PO BOX 633
    CONOVER,NC28613     		NONE PUBLIC CHARITY DONATION 1,000
    EASTERN CATAWBA COOPERATIVE CHRISTIAN MINISTRY
    PO BOX 31
    NEWTON,NC28658     		NONE PUBLIC CHARITY DONATION 250
    FIGHT NIGHT FOR KIDS FOUNDATION
    333 E TRADE STREET
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY DONATION 750
    FLYNN CHRISTIAN HOMES
    721 W UNION ST
    MORGANTON,NC28655     		NONE PUBLIC CHARITY DONATION 1,500
    HICKORY HIGH SCHOOL
    1234 3RD STREET NORTHEAST
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 250
    HICKORY MUSEUM OF ART
    PO BOX 2572
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 250
    HICKORY MUSEUM OF ART
    PO BOX 2572
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 250
    FRYE REGIONAL MEDICAL CENTER AUXILIARY
    121 5TH AVENUE NORTHEAST
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 100
    JENKINS ELEMENTARY SCHOOL
    3750 N CENTER STREET
    HICKORY,NC28601     		NONE PUBLIC CHARITY DONATION 250
    MARCH OF DIMES
    1220-G COMMERCE STREET
    CONOVER,NC28613     		NONE PUBLIC CHARITY DONATION 250
    THE GREATER HICKORY CLASSIC FOUNDATION
    PO BOX 234
    CONOVER,NC28613     		NONE PUBLIC CHARITY DONATION 50,000
    Total .................................bullet 3a 91,930
    bApproved for future payment
    APPALACHIAN STATE UNIVERSITY FOUNDATION
    PO BOX 32038
    BOONE,NC28608     		NONE PUBLIC CHARITY DONATION 90,000
    Total ..................................bullet 3b 90,000
    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 40  
    4 Dividends and interest from securities....     14 406,165  
    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.....     14 500  
    8Gain or (loss) from sales of assets other than inventory     18 24,070  
    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).. 0 430,775 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13430,775
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAVIDSON HOLLAND WHITESELL, CPA'S 5,175 5,175   0

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

    TY 2010 DepreciationSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    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 S 1999-11-02 1,476 1,476 200DB 5.000000000000 0 0    
    BOOKSHELF 2000-08-10 511 511 200DB 7.000000000000 0 0    
    SOFTWARE 2000-11-28 2,912 2,912 SL 3.000000000000 0 0    
    OFFICE COMP 2001-02-02 793 793 200DB 5.000000000000 0 0    
    FILING CABIN 2001-02-12 338 338 200DB 7.000000000000 0 0    
    ROUTER 2002-09-20 400 400 200DB 5.000000000000 0 0    
    BLACKBERRY/CELLPHONE 2005-11-18 198 187 200DB 5.000000000000 11 0    
    MICROSOFT PUBLISHER SOFTWARE 2006-01-06 201 200 SL 3.000000000000 0 0    
    COMPUTER (FROM ALL TECH) 2006-05-05 882 730 200DB 5.000000000000 101 0    

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Name of Bond End of Year Book Value End of Year Fair Market Value
    10NC3Y STEP UP CALLABLE 250,000 249,570
    ARCO DORADOS BV REG S 82,439 87,600
    BERKSHIRE HATHAWAY 105,826 108,672
    BGE CAPITAL TRUST II 74,619 74,850
    ENTERPRISE PRODUCTS 133,745 131,875
    FORD MOTOR CREDIT 345,777 354,014
    GE CAP CORP NOTE 108,405 108,392
    GOLDMAN SACHS 135,445 134,319
    HEINZ H J FIN CO 107,018 101,214
    HOST MARRIOT LP 130,227 127,969
    KELLOG CO 254,849 264,145
    KRAFT FOODS NOTE 26,667 25,601
    MCDONALDS CORP 264,139 266,450
    PRUDENTIAL FINANCIAL INC 125,000 136,150
    TARGET CORP NOTE 212,086 211,638
    VODAPHONE GROUP PLC NOTE 123,876 124,615
    WELLS FARGO CAP XV 111,160 110,125

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 1500 SHARES 47,565 52,040
    ABERDEEN ASIA-PAC PR INC FD 27000 SHARES 126,284 198,180
    AES TIETE SA ADR PREF 63,756 81,900
    APARTMENT INVSTMNT & MGMT PFD 4000 SHARES 100,000 100,400
    APPLE INC 35,052 35,013
    BECTON DICKINSON & CO 130,600 137,504
    BERKSHIRE HATHAWAY A 4 SHARES 420,712 499,000
    CHEVRON CORP 4750 SHARES 209,993 519,840
    CHINA MOBILE LTD 3000 SHARES 147,404 138,270
    COCA-COLA CO 1000 SHARES 47,874 67,460
    COLGATE PALMOLIVE CO 191,916 210,875
    COSTCO COMPANIES 3000 SHARES 63,655 242,670
    ENTERTAINMENT PR 7.375%PFD 2000 SHARES 50,000 48,480
    GENERAL ELECTRIC CO. 9600 SHARES 213,537 196,320
    ISHARES MSCI EMERGING MKTS 3000 SHARES 94,613 150,000
    JOHNSON AND JOHNSON 2000 SHARES 115,024 131,440
    L'OREAL CO ADR 5000 SHARES 69,405 127,150
    MCDONALDS CORP 4500 SHARES 125,245 352,395
    MEDTRONIC 3000 SHARES 79,556 62,625
    MICROSOFT CORP 5000 SHARES 130,255 129,600
    NATL. GRID TRANSCO PLC ADS 67,691 76,995
    NESTLE SPON ADR REP REG 10000 SHARES 179,997 622,000
    NOVO NORDISK A/S ADR 2000 SHARES 46,465 254,780
    PEPSICO SHARES 206,738 223,893
    QUALCOMM INC SHARES 64,870 86,206
    SANTANDER FIN 2500 SHARES 68,980 71,975
    SPDR GOLD TR. SHS 58,133 64,757
    SURGUTUEFTEGAZ SP ADR SHARES 94,338 114,800
    SYSCO CORP 5000 SHARES 149,756 144,550
    TARGET CORPORATION 3000 SHARES 103,217 147,300
    TEMPLETON GLOBAL INC FND 30000 SHARES 227,854 328,500
    UNILEVER NV NY SH NEW 3000 SHARES 62,380 99,000
    UPS INC 2900 SHARES 210,992 217,413
    VODAPHONE GP PLC ADS 7250 SHARES 168,747 211,120
    WALGREEN STORES INC 1500 SHARES 44,493 64,080
    WALMART DE MEXICO 3000 SHARES 114,096 187,860
    WALMART STORES 2000 SHARES 145,966 164,940
    YUM BRANDS INC 4000 SHARES 41,075 53,640
    ZIMMER HOLDINGS 2500 SHARES 132,720 163,125

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    US Government Securities - End of Year Book Value:

    1,827,096
    US Government Securities - End of Year Fair Market Value:

    1,973,873
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDMAN SACHS BANK USA CD 2.50% 04/16/12 AT COST 100,000 101,772

    TY 2010 LandEtcSchedule2
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER S 1,476 1,476   0
    BOOKSHELF 511 511   0
    SOFTWARE 2,912 2,912   0
    OFFICE COMP 793 793   0
    FILING CABIN 338 338   0
    ROUTER 400 400   0
    BLACKBERRY/CELLPHONE 198 198   0
    MICROSOFT PUBLISHER SOFTWARE 201 200 1 0
    COMPUTER (FROM ALL TECH) 882 831 51 0


    TY 2010 OtherDecreasesSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Description Amount
    ROUNDING 3


    TY 2010 OtherExpensesSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 124 124   0
    DUES AND SUBSCRIPTIONS 130 130   0
    INSURANCE 750 750   0
    BANK SERVICE FEE 4 4   0
    MANAGEMENT FEES 59,608 59,608   0


    TY 2010 OtherIncomeSchedule2
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 500 500 500


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT SERVICE FEES - EVERETT HARRIS & CO 25,703 25,703   0


    TY 2010 TaxesSchedule
    Name:
    BEAVER FAMILY FOUNDATION INC
    EIN: 56-2028723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 8,579 8,579   0
    EXCISE TAX PAYMENTS 5,058 0   0