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 10-01-2010 , and ending 09-30-2011
G
Check all that apply:
Name of foundation
TORTUGA FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O SACKS PRESS 600 THIRD AVENUE   Room/suite
City or town, state, and ZIP code
NEW YORK, NY10016
A Employer identification number

51-0245279
B Telephone number (see page 10 of the instructions)

(212) 682-6640
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$24,804,638J 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) 4,083,125
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 326,347 326,347  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,724,901
b Gross sales price for all assets on line 6a 9,696,784
7 Capital gain net income (from Part IV, line 2)... 3,338,771
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 7,134,373 3,665,118  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 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 2,500 2,500   0
c Other professional fees (attach schedule).... Click to see attachment 173,538 173,538   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 25,340 278   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 201,378 176,316   0
25 Contributions, gifts, grants paid........ 1,896,400 1,896,400
26 Total expenses and disbursements. Add lines 24 and 25 2,097,778 176,316   1,896,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,036,595
b Net investment income (if negative, enter -0-) 3,488,802
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.......... 300,502 107,260 107,260
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)........ 16,559,208 Click to see attachment21,789,045 24,697,378
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,859,710 21,896,305 24,804,638
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 16,859,710 21,896,305
30 Total net assets or fund balances (see page 17 of the
instructions).................... 16,859,710 21,896,305
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 16,859,710 21,896,305
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 16,859,710
2 Enter amount from Part I, line 27a...................... 2 5,036,595
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 21,896,305
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 21,896,305
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 PRICELINE COM INC - 252 SHS P 2009-11-16 2010-11-03
b PRICELINE COM INC - 169 SHS P 2009-11-16 2010-11-04
c APPLE - 149 SHS P 2010-05-21 2010-11-05
d DIRECTV COM CL A - 1445 SHS P 2010-09-20 2011-01-12
e DIRECTV COM. CL A - 282 SHS P 2010-09-15 2011-01-12
DIRECTV COM CL A - 165 SHS P 2010-09-16 2011-01-12
DIRECTV COM CL A - 223 SHS P 2010-09-16 2011-01-13
DIRECTV COM CL A - 336 SHS P 2010-06-21 2011-01-13
DIRECTV COM CL A - 12 SHS P 2010-06-18 2011-01-13
DIRECTV CON CL A - 934 SHS P 2010-06-18 2011-01-18
DIRECTV COM CL A - 34 SHS P 2010-06-22 2011-01-18
AMERICAN EXPRESS CO - 2235 SHS P 2010-04-15 2011-01-21
DIRECTV COM CL A - 504 SHS P 2010-06-22 2011-01-21
DIRECTV COM CL A - 935 SHS P 2010-03-18 2011-01-21
DIRECTV COM CL A - 330 SHS P 2010-06-29 2011-01-21
DIRECTV COM CL A - 431 SHS P 2010-03-19 2011-01-21
AMERICAN EXPRESS CO - 24 SHS P 2010-04-15 2011-01-24
AMERICAN EXPRESS CO - 2019 SHS P 2010-04-14 2011-01-24
DIRECTV COM CL A - 761 SHS P 2010-03-19 2011-01-24
DIRECTV CON CL A - 430 SHS P 2010-06-30 2011-01-24
DIRECTV CON CL A - 890 SHS P 2010-03-22 2011-01-24
DIRECTV CON CL A - 654 SHS P 2010-03-23 2011-01-24
DIRECTV COM CL A - 345 SHS P 2010-02-22 2011-01-24
AMERICAN EXPRESS CO - 4205 SHS P 2010-04-14 2011-01-25
DIRECTV COM CL A - 2261 SHS P 2010-02-22 2011-01-25
DIRECTV COM CL A - 299 SHS P 2010-03-19 2011-01-25
DIRECTV COM CL A - 251 SHS P 2010-03-19 2011-01-25
DIRECTV COM CL A - 791 SHS P 2010-02-23 2011-01-25
AMERICAN EXPRESS CO - 539 SHS P 2010-04-14 2011-01-26
AMERICAN EXPRESS CO - 1837 SHS P 2010-04-16 2011-01-26
AMERICAN EXPRESS CO - 63 SHS P 2010-04-13 2011-01-26
DIRECTV COM CL A - 1654 SHS P 2010-02-23 2011-01-26
DIRECTV COM CL A - 479 SHS P 2010-02-24 2011-01-26
AMERICAN EXPRESS CO - 936 SHS P 2010-04-13 2011-01-27
AMERICAN EXPRESS CO - 236 SHS P 2010-07-13 2011-01-27
AMERICAN EXPRESS CO - 627 SHS P 2010-05-11 2011-01-27
DIRECTV COM CL A - 853 SHS P 2010-02-24 2011-01-27
AMERICAN EXPRESS CO - 877 SHS P 2010-05-11 2011-01-28
DIRECTV COM CL A - 706 SHS P 2010-02-24 2011-01-28
DIRECTV COM CL A - 1108 SHS P 2010-02-19 2011-01-28
AMERICAN EXPRESS CO - 246 SHS P 2010-05-11 2011-01-31
AMERICAN EXPRESS CO - 970 SHS P 2010-05-13 2011-01-31
AMERICAN EXPRESS CO - 455 SHS P 2010-05-13 2011-01-31
AMERICAN EXPRESS CO - 765 SHS P 2010-05-12 2011-01-31
AMERICAN EXPRESS CO - 1051 SHS P 2010-09-21 2011-01-31
AMERICAN EXPRESS CO - 161 SHS P 2010-07-12 2011-01-31
AMERICAN EXPRESS CO - 77 SHS P 2010-07-12 2011-01-31
AMERICAN EXPRESS CO - 740 SHS P 2010-09-22 2011-01-31
AMERICAN EXPRESS CO - 215 SHS P 2010-09-23 2011-01-31
AMERICAN EXPRESS CO - 18 SHS P 2010-07-15 2011-01-31
AMERICAN EXPRESS CO - 166 SHS P 2010-07-09 2011-01-31
DIRECTV COM CL A - 1217 SHS P 2010-02-19 2011-01-31
DIRECT TV COM - 1495 SHS P 2010-02-18 2011-01-31
AMERICAN EXPRESS CO - 310 SHS P 2010-07-09 2011-02-01
AMERICAN EXPRESS CO - 632 SHS P 2010-06-24 2011-02-01
AMERICAN EXPRESS CO - 454 SHS P 2010-07-01 2011-02-01
RESEARCH IN MOTION - 1440 SHS P 2010-04-08 2011-03-15
RESEARCH IN MOTION - 1553 SHS P 2010-12-17 2011-03-15
RESEARCH IN MOTION - 1486 SHS P 2010-12-17 2011-03-15
RESEARCH IN MOTION - 646 SHS P 2010-07-15 2011-03-28
RESEARCH IN MOTION - 2176 SHS P 2010-07-15 2011-03-29
AMAZON COM INC - 261 SHS P 2011-03-15 2011-07-11
AMAZON COM INC - 240 SHS P 2011-03-15 2011-07-12
INTUITIVE SURGICAL INC - 84 SHS P 2010-11-09 2011-07-28
INTUITIVE SURGICAL INC - 74 SHS P 2010-11-09 2011-07-28
INTUITIVE SURGICAL INC - 102 SHS P 2010-11-05 2011-07-28
APPLE INC - 293 SHS P 2011-03-15 2011-08-29
NATIONAL OILWELL VARCO INC - 1050 SHS P 2011-03-29 2011-08-31
NATIONAL OILWELL VARCO INC - 421 SHS P 2011-03-28 2011-08-31
NATIONAL OILWELL VARCO INC - 793 SHS P 2011-01-31 2011-08-31
NATIONAL OILWELL VARCO INC - 915 SHS P 2011-02-01 2011-08-31
NATIONAL OILWELL VARCO INC - 1597 SHS P 2011-01-26 2011-08-31
NATIONAL OILWELL VARCO INC - 1334 SHS P 2011-01-27 2011-08-31
NATIONAL OILWELL VARCO INC - 326 SHS P 2011-01-28 2011-08-31
NATIONAL OILWELL VARCO INC - 884 SHS P 2011-01-21 2011-08-31
NATIONAL OILWELL VARCO INC - 2144 SHS P 2011-01-25 2011-08-31
NATIONAL OILWELL VARCO INC - 163 SHS P 2011-01-24 2011-08-31
NATIONAL OILWELL VARCO INC - 1722 SHS P 2011-08-10 2011-08-31
NATIONAL OLLWELL VARGO INC - 1242 SHS P 2011-08-09 2011-08-31
SOUTHWESTERN ENERGY CO - 2476 SHS P 2011-01-24 2011-08-31
SOUTHWESTERN ENERGY CO - 764 SHS P 2011-01-25 2011-08-31
SOUTHWESTERN ENERGY CO - 1021 SHS P 2011-01-25 2011-08-31
SOUTHWESTERN ENERGY CO - 890 SHS P 2011-01-21 2011-08-31
SOUTHWESTERN ENERGY CO - 2610 SHS P 2011-08-09 2011-08-31
GENZYME CORP - 524 SHS P 2000-03-08 2010-10-21
GENZYME CORP - 732 SHS P 2000-03-08 2010-10-22
GENZYME CORP - 367 SHS P 2000-03-08 2010-10-22
GENZYME CORP - 971 SHS P 2000-03-08 2010-10-22
GENZYME CORP - 1099 SHS P 2001-03-08 2010-10-25
GENZYME CORP - 1123 SHS P 2010-03-08 2010-10-26
GENZYME CORP - 538 SHS P 2000-03-08 2010-10-27
GENZYME CORP - 571 SHS P 2000-03-08 2010-10-27
COGNIZANT TECHNLGY - 285 SHS P 2006-01-30 2010-11-03
COGNIZANT TECHNLGY - 709 SHS P 2006-01-30 2010-11-04
APPLE INC - 318 SHS P 2008-12-01 2010-11-05
COGNIZANT TECHNLGY - 1329 SHS P 2006-01-30 2010-11-05
APPLE INC - 132 SHS P 2008-12-01 2010-11-08
COGNIZANT TECHNLGY - 594 SHS P 2006-01-30 2010-11-08
PRAXAIR INC - 145 SHS P 2009-10-15 2010-12-08
PRAXAIR INC - 480 SHS P 2009-10-20 2010-12-08
PRAXAIR INC - 24 SHS P 2009-10-20 2010-12-08
PRAXAIR INC - 10 SHS P 2009-09-22 2010-12-08
PRAXAIR INC - 489 SHS P 2009-09-22 2010-12-09
PRAXAIR INC - 174 SHS P 2009-09-30 2010-12-09
APPLE INC - 339 SHS P 2008-12-01 2010-12-17
QUALCOMM INC - 1632 SHS P 2009-11-12 2010-12-17
QUALCOMM INC - 325 SHS P 2005-01-21 2010-12-17
RESEARCH IN MOTION - 1982 SHS P 2009-11-03 2011-03-15
PRAXAIR INC - 369 SHS P 2009-09-30 2011-03-16
PRAXAIR INC - 389 SHS P 2009-09-23 2011-03-16
PRAXAIR INC - 65 SHS P 2009-09-23 2011-03-16
PRAXAIR INC - 71 SHS P 2009-09-23 2011-03-17
PRAXAIR INC - 275 SHS P 2009-09-29 2011-03-17
RESEARCH IN MOTION - 221 SHS P 2009-11-03 2011-03-28
RESEARCH IN MOTION - 415 SHS P 2009-02-11 2011-03-29
RESEARCH IN MOTION - 1764 SHS P 2009-02-11 2011-03-29
PRICELINE COM INC - 24 SHS P 2009-11-16 2011-04-27
PRICELINE COM INC - 178 SHS P 2010-02-09 2011-04-27
PRICELINE COM INC - 18 SHS P 2010-02-04 2011-04-27
RESEARCH IN MOTION - 2255 SHS P 2009-02-11 2011-04-29
RESEARCH IN MOTION - 2615 SHS P 2008-10-27 2011-04-29
RESEARCH IN MOTION - 560 SHS P 2006-05-02 2011-04-29
RESEARCH IN MOTION - 6330 SHS P 2006-07-31 2011-04-29
FIRST SOLAR INC COM - 363 SHS P 2008-11-03 2011-07-06
PRICELINE COM INC - 50 SHS P 2010-02-04 2011-07-11
PRICELINE COM INC - 149 SHS P 2010-02-04 2011-07-13
VISA INC COM CL A - 121 SHS P 2010-02-17 2011-07-20
AMAZON COM INC - 244 SHS P 2010-07-26 2011-07-28
SOUTHWESTERN ENERGY - 1262 SHS P 2009-12-01 2011-07-28
SOUTHWESTERN ENERGY - 709 SHS P 2009-11-25 2011-07-28
SOUTHWESTERN ENERGY - 212 SHS P 2009-12-02 2011-07-28
PRICELINE CON INC - 209 SHS P 2010-02-04 2011-08-09
PRICELINE CON INC - 51 SHS P 2010-02-08 2011-08-09
PRICELINE CON INC - 133 SHS P 2010-02-05 2011-08-09
PRICELINE CON INC - 540 SHS P 2009-11-13 2011-08-09
PRICELINE COM INC - 607 SHS P 2010-05-21 2011-08-09
PRICELINE COM INC - 215 SHS P 2010-05-21 2011-08-10
CELGENE CORP - 1451 SHS P 2010-04-07 2011-08-15
CELGENE CORP - 871 SHS P 2010-04-06 2011-08-15
CELGENE CORP - 458 SHS P 2010-04-08 2011-08-15
FIRST SOLAR INC COM - 63 SHS P 2008-11-03 2011-08-19
FIRST SOLAR INC COM - 555 SHS P 2009-07-07 2011-08-19
FIRST SOLAR INC COM - 27 SHS P 2009-07-06 2011-08-19
FIRST SOLAR INC COM - 375 SHS P 2009-07-06 2011-08-22
FIRST SOLAR INC CON - 59 SHS P 2008-10-21 2011-08-22
FIRST SOLAR INC COM - 313 SHS P 2008-10-31 2011-08-22
FIRST SOLAR INC COM - 129 SHS P 2008-10-30 2011-08-22
FIRST SOLAR INC COM - 80 SHS P 2008-10-22 2011-08-22
FIRST SOLAR INC COM - 91 SHS P 2009-12-03 2011-08-22
FIRST SOLAR INC COM - 206 SHS P 2009-12-03 2011-08-23
APPLE INC - 500 SHS P 2008-12-01 2011-08-29
APPLE INC - 321 SHS P 2008-12-01 2011-08-30
SOUTHWESTERN ENERGY CO - 514 SHS P 2009-12-02 2011-08-31
SOUTHWESTERN ENERGY CO - 1773 SHS P 2009-11-30 2011-08-31
SOUTHWESTERN ENERGY CO - 887 SHS P 2009-11-27 2011-08-31
SOUTHWESTERN ENERGY CO - 496 SHS P 2009-11-24 2011-08-31
SOUTHWESTERN ENERGY CO - 713 SHS P 2009-11-23 2011-08-31
SOUTHWESTERN ENERGY CO - 2771 SHS P 2009-11-18 2011-08-31
SOUTHWESTERN ENERGY CO - 1864 SHS P 2009-11-19 2011-08-31
SOUTHWESTERN ENERGY CO - 937 SHS P 2009-11-20 2011-08-31
3M COMPANY P    
SECURITIES LITIGATION SETTLEMENTS 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 95,649   52,037 43,612
b 65,278   34,839 30,439
c 47,436   35,705 11,731
d 60,269   60,245 24
e 11,762   11,586 176
6,882   6,752 130
9,347   9,126 221
14,084   12,642 1,442
503   451 52
39,756   35,066 4,690
1,447   1,268 179
102,519   103,805 -1,286
21,140   18,798 2,342
39,218   32,392 6,826
13,842   11,372 2,470
18,078   14,828 3,250
1,102   1,115 -13
92,700   93,073 -373
32,276   26,181 6,095
18,237   14,785 3,452
37,747   30,246 7,501
27,737   22,218 5,519
14,632   11,660 2,972
187,409   193,845 -6,436
96,453   76,418 20,035
12,755   10,099 2,656
10,708   8,478 2,230
33,744   26,641 7,103
24,012   24,847 -835
81,837   83,642 -1,805
2,807   2,832 -25
70,470   55,708 14,762
20,408   16,126 4,282
41,487   42,076 -589
10,461   10,466 -5
27,791   27,402 389
36,434   28,718 7,716
38,281   38,327 -46
29,738   23,769 5,969
46,671   37,111 9,560
10,734   10,751 -17
42,324   42,298 26
19,802   19,841 -39
33,293   33,323 -30
45,739   45,243 496
7,007   6,889 118
3,333   3,295 38
32,027   31,593 434
9,305   9,177 128
779   765 14
7,184   7,044 140
51,251   40,762 10,489
62,958   49,410 13,548
13,528   13,155 373
27,579   26,303 1,276
19,811   17,952 1,859
88,098   100,330 -12,232
95,011   94,587 424
90,912   90,104 808
36,303   35,697 606
122,812   120,241 2,571
55,420   43,062 12,358
51,491   39,597 11,894
33,029   23,316 9,713
29,097   20,532 8,565
40,107   28,278 11,829
114,254   100,929 13,325
71,030   85,741 -14,711
28,480   34,311 -5,831
53,644   58,358 -4,714
61,897   67,179 -5,282
108,033   113,538 -5,505
90,242   94,437 -4,195
22,053   23,047 -994
59,800   59,695 105
145,036   144,654 382
11,027   10,990 37
116,489   111,707 4,782
84,018   78,825 5,193
94,623   96,670 -2,047
29,197   29,440 -243
39,019   39,293 -274
34,012   33,985 27
99,744   93,441 6,303
37,768   14,885 22,883
52,822   20,793 32,029
26,483   10,425 16,058
70,105   27,582 42,523
79,630   31,218 48,412
80,975   31,900 49,075
38,725   15,283 23,442
41,139   16,220 24,919
18,283   7,351 10,932
45,565   18,286 27,279
101,239   28,704 72,535
84,199   34,278 49,921
42,080   11,915 30,165
37,421   15,320 22,101
13,560   12,123 1,437
44,889   40,108 4,781
2,244   2,005 239
935   816 119
45,836   39,905 5,931
16,310   14,176 2,134
108,804   30,599 78,205
80,669   73,360 7,309
16,065   12,311 3,754
121,257   116,498 4,759
35,407   30,063 5,344
37,326   31,596 5,730
6,289   5,280 1,009
6,842   5,767 1,075
26,501   22,273 4,228
12,420   12,990 -570
23,422   20,009 3,413
100,196   85,052 15,144
12,915   4,947 7,968
95,783   36,520 59,263
9,686   3,668 6,018
110,171   108,725 1,446
127,760   115,983 11,777
27,360   13,847 13,513
309,261   138,905 170,356
47,925   56,892 -8,967
26,943   10,189 16,754
80,326   30,363 49,963
10,676   10,436 240
54,990   28,570 26,420
60,574   56,425 4,149
34,031   31,658 2,373
10,176   9,420 756
107,003   42,590 64,413
26,111   10,284 15,827
68,093   26,399 41,694
276,468   106,714 169,754
310,770   114,721 196,049
107,914   40,634 67,280
80,562   92,345 -11,783
48,360   55,311 -6,951
25,429   28,734 -3,305
5,905   9,874 -3,969
52,017   81,881 -29,864
2,531   3,980 -1,449
33,364   55,274 -21,910
5,249   8,391 -3,142
27,848   44,190 -16,342
11,477   17,781 -6,304
7,118   10,805 -3,687
8,096   11,565 -3,469
18,713   26,179 -7,466
194,973   45,132 149,841
124,988   28,975 96,013
19,643   22,840 -3,197
67,757   77,990 -10,233
33,898   38,909 -5,011
18,955   21,054 -2,099
27,248   30,160 -2,912
105,897   117,084 -11,187
71,235   77,276 -6,041
35,809   38,807 -2,998
1,459,352   15 1,459,337
5,379     5,379
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       43,612
b       30,439
c       11,731
d       24
e       176
      130
      221
      1,442
      52
      4,690
      179
      -1,286
      2,342
      6,826
      2,470
      3,250
      -13
      -373
      6,095
      3,452
      7,501
      5,519
      2,972
      -6,436
      20,035
      2,656
      2,230
      7,103
      -835
      -1,805
      -25
      14,762
      4,282
      -589
      -5
      389
      7,716
      -46
      5,969
      9,560
      -17
      26
      -39
      -30
      496
      118
      38
      434
      128
      14
      140
      10,489
      13,548
      373
      1,276
      1,859
      -12,232
      424
      808
      606
      2,571
      12,358
      11,894
      9,713
      8,565
      11,829
      13,325
      -14,711
      -5,831
      -4,714
      -5,282
      -5,505
      -4,195
      -994
      105
      382
      37
      4,782
      5,193
      -2,047
      -243
      -274
      27
      6,303
      22,883
      32,029
      16,058
      42,523
      48,412
      49,075
      23,442
      24,919
      10,932
      27,279
      72,535
      49,921
      30,165
      22,101
      1,437
      4,781
      239
      119
      5,931
      2,134
      78,205
      7,309
      3,754
      4,759
      5,344
      5,730
      1,009
      1,075
      4,228
      -570
      3,413
      15,144
      7,968
      59,263
      6,018
      1,446
      11,777
      13,513
      170,356
      -8,967
      16,754
      49,963
      240
      26,420
      4,149
      2,373
      756
      64,413
      15,827
      41,694
      169,754
      196,049
      67,280
      -11,783
      -6,951
      -3,305
      -3,969
      -29,864
      -1,449
      -21,910
      -3,142
      -16,342
      -6,304
      -3,687
      -3,469
      -7,466
      149,841
      96,013
      -3,197
      -10,233
      -5,011
      -2,099
      -2,912
      -11,187
      -6,041
      -2,998
      1,459,337
      5,379
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 3,338,771
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 941,938 22,270,700 0.042295
2008 765,000 22,469,173 0.034047
2007 1,135,308 22,506,807 0.050443
2006 1,060,000 26,616,834 0.039824
2005 980,000 23,421,137 0.041843
2 Total of line 1, column (d) ...................... 2 0.208452
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 0.041690
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 23,521,236
5 Multiply line 4 by line 3....................... 5 980,600
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 34,888
7 Add lines 5 and 6......................... 7 1,015,488
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,896,400
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 34,888
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 34,888
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 34,888
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 16,000
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 16,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 18,888
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
    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)bullet
    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 ofbulletSACKS PRESS LACHER PC Telephone no.bullet (212) 682-6640
    Located atbullet600 THIRD AVENUENEW YORKNY ZIP+4bullet10016
    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
    MILDRED SICELOFF PRES.
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVENUE
    NEW YORK,NY10016
    PATRICIA LIVINGSTON SEC'Y
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVENUE
    NEW YORK,NY10016
    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
    23,675,546
    b
    Average of monthly cash balances.......................
    1b
    203,881
    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
    23,879,427
    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
    23,879,427
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    358,191
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    23,521,236
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,176,062
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,176,062
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    34,888
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34,888
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,141,174
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,141,174
    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
    1,141,174
    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
    1,896,400
    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
    1,896,400
    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
    34,888
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,861,512
    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 1,141,174
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 390,695
    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.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,896,400
    a Applied to 2009, but not more than line 2a 390,695
    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..... 1,141,174
    e Remaining amount distributed out of corpus 364,531
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 364,531
    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 ......     		364,531
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010.... 364,531
    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
    ALASKA CONSERVATION ALLIANCE
    PO BOX 100660
    ANCHORAGE,AK99510     		NONE   GENERAL CHARITABLE PURPOSES 70,000
    ALASKA WILDERNESS LEAGUE
    122 C STREET NW
    WASHINGTON,DC20001     		NONE   GENERAL CHARITABLE PURPOSES 95,000
    AMERICA'S WILDERNESS
    901 E STREET NW
    WASHINGTON,DC20004     		NONE   GENERAL CHARITABLE PURPOSES 60,000
    BADLANDS CONSERVATION ALLIANCE
    801 N 10TH STREET
    BISMARCK,ND58501     		NONE   GENERAL CHARITABLE PURPOSES 30,000
    CAMPAIGN FOR AMERICA'S WILDERNESS
    901 E STREET NW
    WASHINGTON,DC20004     		NONE   GENERAL CHARITABLE PURPOSES 60,000
    CATSKILL ANIMAL SANCTUARY
    316 OLD STAGE ROAD
    SAUGERTIES,NY12477     		NONE   GENERAL CHARITABLE PURPOSES 15,000
    CONNECTICUT FUND FOR THE ENVIRONMENT
    142 TEMPLE STREET 3RD FLOOR
    NEW HAVEN,CT06510     		NONE   GENERAL CHARITABLE PURPOSES 80,000
    CONSERVATION LAND FOUNDATION
    160 EAST 12TH STREET 2
    DURANGO,CO81301     		NONE   GENERAL CHARITABLE PURPOSES 100,000
    ENVIRONMENT AND HUMAN HEALTH
    1191 RIDGE ROAD
    NORTH HAVEN,CT06473     		NONE   GENERAL CHARITABLE PURPOSES 90,000
    ESPERANZA SHELTER FOR BATTERED WOMEN
    PO BOX 5701
    SANTA FE,NM87502     		NONE   GENERAL CHARITABLE PURPOSES 30,000
    FINDING SPECIES
    PO BOX 5289
    TAKOMA PARK,MD20913     		NONE   GENERAL CHARITABLE PURPOSES 75,000
    GREENPEACE FUND
    702 H STREET NM SUITE 300
    WASHINGTON,DC20001     		NONE   GENERAL CHARITABLE PURPOSES 65,000
    HABITAT FOR HUMANITY
    270 PEACHTREE STREET NW SUITE 1300
    ATLANTA,GA30303     		NONE   GENERAL CHARITABLE PURPOSES 11,400
    HUMANE EDUCATION ADVOCATES REACHING TEACHERS
    PO BOX 738
    MAMARONECK,NY10543     		NONE   GENERAL CHARITABLE PURPOSES 40,000
    LEAGUE OF CONSERVATION VOTERS
    1920 L STREET NM SUITE 800
    WASHINGTON,DC20036     		NONE   GENERAL CHARITABLE PURPOSES 70,000
    MEMORIAL SLOAN-KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE   GENERAL CHARITABLE PURPOSES 15,000
    MOUNT GRACE LAND CONSERVATION TRUST
    1461 OLD KEENE ROAD
    ATHOL,MA01331     		NONE   GENERAL CHARITABLE PURPOSES 45,000
    NEVADA WILDERNESS PROJECT
    333 FLINT STREET
    RENO,NV89501     		NONE   GENERAL CHARITABLE PURPOSES 75,000
    NEW MEXICO WILDERNESS ALLIANCE
    PO BOX 25464
    ALBUQUERQUE,NM87125     		NONE   GENERAL CHARITABLE PURPOSES 60,000
    NEW YORK PUBLIC INTEREST RESEARCH
    9 MURRAY STREET 3RD FLOOR
    NEW YORK,NY10007     		NONE   GENERAL CHARITABLE PURPOSES 40,000
    OREGON NATURAL DESERT ASSOCIATION
    50 SW BOND AVENUE
    BEND,OR97702     		NONE   GENERAL CHARITABLE PURPOSES 80,000
    PEOPLE FOR THE PUGET SOUND
    911 WESTERN AVENUE SUITE 580
    SEATTLE,WA98104     		NONE   GENERAL CHARITABLE PURPOSES 5,000
    PLANNED PARENTHOOD OF CONNECTICUT
    230 HARTFORD TPKE
    VERNON ROCKVILLE,CT06066     		NONE   GENERAL CHARITABLE PURPOSES 100,000
    RAILS TO TRAILS CONSERVANCY
    2121 WARD CT NW 5TH FLOOR
    WASHINGTON,DC20037     		NONE   GENERAL CHARITABLE PURPOSES 70,000
    SCENIC HUDSON
    ONE CIVIC CENTER PLAZA SUITE 200
    POUGHKEEPSIE,NY12601     		NONE   GENERAL CHARITABLE PURPOSES 15,000
    SMART GROWTH AMERICA
    1707 L STREET NW SUITE 1050
    WASHINGTON,DC20036     		NONE   GENERAL CHARITABLE PURPOSES 25,000
    ST LUKE'S LIFEWORKS
    141 FRANKLIN STREET
    STAMFORD,CT06905     		NONE   GENERAL CHARITABLE PURPOSES 15,000
    SUSTAINABLE MARKETS FOUNDATION
    45 W 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		NONE   GENERAL CHARITABLE PURPOSES 110,000
    WASHINGTON TOXICS COALITION
    4649 SUNNYSIDE AVENUE N SUITE 540
    SEATTLE,WA98103     		NONE   GENERAL CHARITABLE PURPOSES 10,000
    WASHINGTON WILDERNESS COALITION
    305 NORTH 83RD STREET
    SEATTLE,WA98103     		NONE   GENERAL CHARITABLE PURPOSES 20,000
    THE WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGTON,DC20036     		NONE   GENERAL CHARITABLE PURPOSES 190,000
    WOODSTOCK LAND CONSERVANCY
    PO BOX 864
    WOODSTOCK,NY12498     		NONE   GENERAL CHARITABLE PURPOSES 5,000
    WYOMING WILDERNESS ASSOCIATION
    224 SOUTH MAIN SUITE B-1
    SHERIDAN,WY82801     		NONE   GENERAL CHARITABLE PURPOSES 125,000
    Total .................................bullet 3a 1,896,400
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 326,347  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 2,724,901  
    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 3,051,248 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    133,051,248
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    TORTUGA FOUNDATION
     
    Employer identification number

    51-0245279
    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
    TORTUGA FOUNDATION
          		Employer identification number

    51-0245279
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    JOAN O TWEEDY    
    C/O SACKS PRESS LACHER 600 THIRD AV
       
    NEW YORK, NY   10016

    		$4,083,125




    (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
    TORTUGA FOUNDATION
          		Employer identification number

    51-0245279
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 47,000 SHARES 3M COMPANY   $4,083,125 2010-12-29
    (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
    TORTUGA FOUNDATION
          		Employer identification number

    51-0245279
    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:
    TORTUGA FOUNDATION
    EIN: 51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 2,500 2,500   0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    TORTUGA FOUNDATION
    EIN: 51-0245279
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 21,789,045 24,697,378

    TY 2010 OtherProfessionalFeesSchedule
    Name:
    TORTUGA FOUNDATION
    EIN: 51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY 103,397 103,397   0
    GRANT CONSULTING FEE 60,000 60,000   0
    CUSTODY FEE 10,141 10,141   0


    TY 2010 TaxesSchedule
    Name:
    TORTUGA FOUNDATION
    EIN: 51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE 25,062 0   0
    FOREIGN TAX WITHHELD 278 278   0