Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
THE KLARMAN FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 171627   Room/suite
City or town, state, and ZIP code
BOSTON, MA02117
A Employer identification number

04-3105768
B Telephone number (see page 10 of the instructions)

(617) 236-7909
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$286,011,583J 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) 105,000,000
2 Check bullet
3 Interest on savings and temporary cash investments 5,452 5,452  
4 Dividends and interest from securities...... 3,164,176 3,164,176  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,736,566
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 6,736,566
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 191,792 191,792  
12 Total. Add lines 1 through 11........ 115,097,986 10,097,986  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 457,423 0   457,423
15 Pension plans, employee benefits....... 20,279 0   20,279
16a Legal fees (attach schedule)......... Click to see attachment 11,652 0   0
b Accounting fees (attach schedule)....... Click to see attachment 31,194 0   0
c Other professional fees (attach schedule).... Click to see attachment 109,015 0   0
17 Interest............... 553,892 553,892   0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 86,218 42,030   31,443
19 Depreciation (attach schedule) and depletion... Click to see attachment 42,300 0  
20 Occupancy.............. 249,477 0   0
21 Travel, conferences, and meetings....... 11,861 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,278,890 1,857,149   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,852,201 2,453,071   509,145
25 Contributions, gifts, grants paid........ 22,624,512 22,624,512
26 Total expenses and disbursements. Add lines 24 and 25 26,476,713 2,453,071   23,133,657
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 88,621,273
b Net investment income (if negative, enter -0-) 7,644,915
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............... 992,129 558,351 558,351
2 Savings and temporary cash investments.......... 32,959,334 101,657,355 101,657,355
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) bullet375,000
Less: allowance for doubtful accounts bullet0 375,000 375,000 375,000
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)........      
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)........... 132,319,291 Click to see attachment152,150,818 182,211,506
14 Land, buildings, and equipment: basis bullet972,644
Less: accumulated depreciation (attach schedule) bullet36,591 221,846 Click to see attachment936,053 936,053
15 Other assets (describe bullet) Click to see attachment286,063 Click to see attachment273,318 Click to see attachment273,318
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 167,153,663 255,950,895 286,011,583
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment130,525 Click to see attachment306,484
23 Total liabilities (add lines 17 through 22).......... 130,525 306,484
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 167,023,138 255,644,411
30 Total net assets or fund balances (see page 17 of the
instructions).................... 167,023,138 255,644,411
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 167,153,663 255,950,895
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)............... 1 167,023,138
2 Enter amount from Part I, line 27a...................... 2 88,621,273
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 255,644,411
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.. 6 255,644,411
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 ABRAMS CAPITAL PARTNERS I, LP - FROM K-1 P    
b ABRAMS CAPITAL PARTNERS I, LP - FROM K-1 P    
c ARBITER PARTNERS, LP - FROM K-1 P    
d ARBITER PARTNERS, LP - FROM K-1 P    
e BERKSHIRE FUND VII, LP - FROM K-1 P    
BERKSHIRE FUND VII, LP - FROM K-1 P    
BROOKSIDE CAPITAL PTNRS FUND - FROM K-1 P    
BROOKSIDE CAPITAL PTNRS FUND - FROM K-1 P    
BROOKSIDE CAPITAL PTNRS FUND - FROM K-1 P    
BROOKSIDE CAPITAL PTNRS FUND - FROM K-1 P    
COVALENT CAPITAL PARTNERS LP - FROM K-1 P    
COVALENT CAPITAL PARTNERS LP - FROM K-1 P    
FLYBRIDGE CAPITAL PARTNERS II - FROM K-1 P    
GC ENTERPRENEURS FUND IV - FROM K-1 P    
GC ENTERPRENEURS FUND II - FROM K-1 P    
GENERAL CATALYST GROUP, - FROM K-1 P    
GLENROCK GLOBAL PARTNERS - FROM K-1 P    
GLENROCK GLOBAL PARTNERS - FROM K-1 P    
GOTHAM PARTNERS, LP - FROM K-1 P    
GOTHAM PARTNERS, LP - FROM K-1 P    
HAWKEYE CAPITAL, LP - FROM K-1 P    
HAWKEYE CAPITAL, LP - FROM K-1 P    
HIGHFIELDS CAPITAL IV, LP - FROM K-1 P    
HIGHFIELDS CAPITAL IV, LP - FROM K-1 P    
HUMMINGBIRD VALUE FUND, LP - FROM K-1 P    
HUMMINGBIRD VALUE FUND, LP - FROM K-1 P    
HUMMINGBIRD VALUE FUND, LP - FROM K-1 P    
ICIC ENTERPRISES INVESTORS - FROM K-1 P    
JERREDDI I, LP - FROM K-1 P    
JERREDDI I, LP - FROM K-1 P    
OSTRA CAPITAL PARTNERS LP - FROM K-1 P    
OSTRA CAPITAL PARTNERS LP - FROM K-1 P    
PERRY PARTNERS LP - FROM K-1 P    
PERRY PARTNERS LP - FROM K-1 P    
PERRY PARTNERS LP - FROM K-1 P    
PRIVATVARDE FUND - FROM K-1 P    
PRIVATVARDE FUND - FROM K-1 P    
RAFFLES ASSOCIATES, LP - FROM K-1 P    
RAFFLES ASSOCIATES, LP - FROM K-1 P    
RAFFLES ASSOCIATES, LP - FROM K-1 P    
RAFFLES ASSOCIATES, LP - FROM K-1 P    
RIVA CAPITAL PARTNERS - FROM K-1 P    
RIVA CAPITAL PARTNERS - FROM K-1 P    
ROUTE ONE FUND I, LP - FROM K-1 P    
ROUTE ONE FUND I, LP - FROM K-1 P    
SUTTER HILL ENTREPENEURS FUND - FROM K-1 P    
SUTTER HILL ENTREPENEURS FUND - FROM K-1 P    
TARSIER NANOCAP VALUE FUND - FROM K-1 P    
TARSIER NANOCAP VALUE FUND - FROM K-1 P    
TARSIER NANOCAP VALUE FUND - FROM K-1 P    
THE VARDE FUND IX, LP - FROM K-1 P    
THE VARDE FUND IX, LP - FROM K-1 P    
THE VARDE FUND VII, LP - FROM K-1 P    
THE VARDE FUND VII, LP - FROM K-1 P    
THE VARDE FUND VIII - FROM K-1 P    
THE VARDE FUND VIII - FROM K-1 P    
THE VARDE FUND, LP - FROM K-1 P    
THE VARDE FUND, LP - FROM K-1 P    
TYNDALL INSTITUTE PARTNERS - FROM K-1 P    
TYNDALL INSTITUTE PARTNERS - FROM K-1 P    
CROWN CASTLE INTL CORP P    
ARBITER PARTNERS, LP - FROM K-1 P    
ARBITER PARTNERS, LP - FROM K-1 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       1,560,082
b       240,958
c       881,235
d       -846,878
e       736
      6,735
      571,021
      -70,598
      23,978
      -3,296
      47,947
      7,277
      -40
      -2,171
      9,664
      -3,716
      54,966
      -40,466
      -27,535
      -496
      98,818
      81,764
      236,676
      37,422
      -920,053
      135,994
      -6,389
      713
      526,874
      -3,662
      106,841
      6,524
      209,199
      198,480
      -27,760
      -89,644
      1,728
      1,248,155
      -363,957
      76,147
      -22,204
      395,734
      7,299
      -1,310
      -1,893
      -8,477
      2
      47,829
      54,920
      171
      164,765
      189,617
      -155,376
      -28,277
      82,531
      58,725
      22,614
      23,284
      2,097,809
      -160,791
      6,276
      1,147
      -1,102
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       1,560,082
b       240,958
c       881,235
d       -846,878
e       736
      6,735
      571,021
      -70,598
      23,978
      -3,296
      47,947
      7,277
      -40
      -2,171
      9,664
      -3,716
      54,966
      -40,466
      -27,535
      -496
      98,818
      81,764
      236,676
      37,422
      -920,053
      135,994
      -6,389
      713
      526,874
      -3,662
      106,841
      6,524
      209,199
      198,480
      -27,760
      -89,644
      1,728
      1,248,155
      -363,957
      76,147
      -22,204
      395,734
      7,299
      -1,310
      -1,893
      -8,477
      2
      47,829
      54,920
      171
      164,765
      189,617
      -155,376
      -28,277
      82,531
      58,725
      22,614
      23,284
      2,097,809
      -160,791
      6,276
      1,147
      -1,102
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 6,736,566
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 18,980,094 132,248,159 0.143519
2008 14,010,616 147,556,940 0.094951
2007 11,642,218 102,424,240 0.113667
2006 7,525,911 68,950,000 0.109150
2005 6,071,550 57,325,807 0.105913
2 Total of line 1, column (d) ...................... 2 0.567200
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 0.113440
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 186,269,952
5 Multiply line 4 by line 3....................... 5 21,130,463
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 76,449
7 Add lines 5 and 6......................... 7 21,206,912
8 Enter qualifying distributions from Part XII, line 4.............. 8 23,133,657
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 76,449
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 76,449
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 76,449
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 240,261
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 75,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 315,261
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 238,812
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet238,812 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)bulletMA
    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 ofbulletSETH A KLARMAN Telephone no.bullet (617) 236-7909
    Located atbulletPO BOX 171627BOSTONMA ZIP+4bullet02117
    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
    SETH A KLARMAN TRUSTEE
    0.00     		0 0 0
    PO BOX 171627
    BOSTON,MA02117
    BETH S KLARMAN TRUSTEE
    0.00     		0 0 0
    PO BOX 171627
    BOSTON,MA02117
    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
    KIM MCCABE EXECUTIVE DIRECTOR
    35.00     		190,000 0 0
    PO BOX 171627
    BOSTON,MA02117
    JULIE MARTIN EXECUTIVE ASSISTANT
    35.00     		92,423 0 0
    PO BOX 171627
    BOSTON,MA02117
    LAURA SHERMAN SENIOR PROGRAM OFFIC
    35.00     		90,000 0 0
    PO BOX 171627
    BOSTON,MA02117
    AMY CARLIN GRANTS MANAGER
    35.00     		85,000 0 0
    PO BOX 171627
    BOSTON,MA02117
    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 THE KLARMAN FAMILY FOUNDATION IS A PRIVATE FOUNDATION WHICH RECEIVES INVESTMENT INCOME AND DISTRIBUTES THAT INCOME TO VARIOUS CHARITABLE ORGANIZATIONS SELECTED BY 0
    2 ITS TRUSTEES. 0
    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 NONE 0
    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
    157,735,033
    b
    Average of monthly cash balances.......................
    1b
    31,371,517
    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
    189,106,550
    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
    189,106,550
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    2,836,598
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    186,269,952
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    9,313,498
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    9,313,498
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    76,449
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    76,449
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,237,049
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    9,237,049
    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
    9,237,049
    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
    23,133,657
    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
    23,133,657
    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
    76,449
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    23,057,208
    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 9,237,049
    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....... 3,292,046
    b From 2006....... 4,263,833
    c From 2007....... 6,779,240
    d From 2008....... 6,726,949
    e From 2009....... 12,393,176
    fTotal of lines 3a through e......... 33,455,244
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 23,133,657
    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..... 9,237,049
    e Remaining amount distributed out of corpus 13,896,608
    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 47,351,852
    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) .............     		3,292,046
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		44,059,806
    10 Analysis of line 9:
    a Excess from 2006.... 4,263,833
    b Excess from 2007.... 6,779,240
    c Excess from 2008.... 6,726,949
    d Excess from 2009.... 12,393,176
    e Excess from 2010.... 13,896,608
    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).)
    SETH A KLARMAN
    BETH S KLARMAN
    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
    ACCESS
    31 ST JAMES STREET SUITE 520
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 100
    ACTION FOR BOSTON COMMUNITY DEVELOPMENT
    178 TREMONT STREET
    BOSTON,MA02111     		NONE CHARITY GENERAL PURPOSES 40,000
    ADOLESCENT CONSULTING SERVICES
    189 CAMBRIDGE STREET
    CAMBRIDGE,MA02141     		NONE CHARITY GENERAL PURPOSES 15,000
    ALBERT SCHWEITZER FELLOWSHIP
    330 BROOKLINE AVENUE
    BOSTON,MA02215     		NONE CHARITY GENERAL PURPOSES 25,000
    AMERICAN FRIENDS OF LIBI
    419 HARVARD STREET
    BROOKLINE,MA02446     		NONE CHARITY GENERAL PURPOSES 175,000
    AMERICAN FRIENDS OF TABLE TO TABLE
    1402 TEANECK ROAD 223
    TEANECK,NJ07666     		NONE CHARITY GENERAL PURPOSES 300,000
    AMERICAN FRIENDS OF THE NGO MONITOR
    922 ROCKBORN STREET
    GEITHERBURG,MD20878     		NONE CHARITY GENERAL PURPOSES 75,000
    AMERICAN FRIENDS OF YAHAD IN UNUM
    25 WEST 45TH STREET SUITE 1405
    NEW YORK,NY10036     		NONE CHARITY GENERAL PURPOSES 250,000
    AMERICAN ISLAMIC CONGRESS
    1718 M STREET NW 243
    WASHINGTON,DC20036     		NONE CHARITY GENERAL PURPOSES 50,000
    AMERICAN ISREAL EDUCATION FOUNDATION
    251 H STREET NW
    WASHINGTON,DC20001     		NONE CHARITY GENERAL PURPOSES 250,000
    AMERICAN JEWISH COMMITTEE
    165 EAST 56TH STREET SUITE 615
    NEW YORK,NY10022     		NONE CHARITY GENERAL PURPOSES 1,060,000
    AMERICAN JEWISH WORLD SERVICE
    45 W 36TH STREET 10
    NEW YORK,NY10018     		NONE CHARITY GENERAL PURPOSES 250,000
    AMERICAN SOCIETY FOR YAD VASHEM
    500 FIFTH AVENUE 42ND FLOOR
    NEW YORK,NY10110     		NONE CHARITY GENERAL PURPOSES 30,000
    AMERICAN TASK FORCE ON PALESTINE
    1634 EYE STREET NW SUITE 725
    WASHINGTON,DC20006     		NONE CHARITY GENERAL PURPOSES 10,000
    AMHERST COLLEGE
    210 S PLEASANT ST
    AMHERST,MA01002     		NONE CHARITY GENERAL PURPOSES 200,000
    ANTI-DEFAMATION LEAGUE
    40 COURT STREET
    BOSTON,MA02108     		NONE CHARITY GENERAL PURPOSES 10,000
    AUTISM CONSORTIUM INC
    TEN SHATTUCK STREET
    BOSTON,MA02115     		NONE CHARITY GENERAL PURPOSES 120,251
    BALLETROX
    284 AMORY STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 11,000
    BERKLEE COLLEGE OF MUSIC
    1140 BOYLSTON STREET
    BOSTON,MA02215     		NONE CHARITY GENERAL PURPOSES 60,000
    BETH ISRAEL DEACONESS MEDICAL CENTER
    330 BROOKLINE AVENUE
    BOSTON,MA02215     		NONE CHARITY GENERAL PURPOSES 495,000
    BIG SISTER ASSOCIATION OF GREATER BOSTON
    161 MASSACHUSETTS AVE
    BOSTON,MA02115     		NONE CHARITY GENERAL PURPOSES 15,000
    BIKES NOT BOMBS
    284 AMORY STREET
    BOSTON,MA02130     		NONE CHARITY GENERAL PURPOSES 35
    BIRTHRIGHT ISRAEL
    33 EAST 33RD STREET 7TH FLOOR
    NEW YORK,NY10016     		NONE CHARITY GENERAL PURPOSES 1,000,000
    BOSTON ARTS ACADEMY FOUNDATION
    174 IPSWICH STREET
    BOSTON,MA02215     		NONE CHARITY GENERAL PURPOSES 25,000
    BOSTON BALLET
    19 CLARENDON STREET
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 400,000
    BOSTON CHILDREN'S CHORUS
    112 SHAWMUT AVENUE SUITE 5B
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 50,000
    BOSTON EDUCATION DEVELOPMENT FUND
    40 PERSHING ROAD
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 250
    BOSTON JEWISH FILM FESTIVAL
    1001 WATERTOWN STREET
    WEST NEWTON,MA02465     		NONE CHARITY GENERAL PURPOSES 7,500
    BOSTON LANDMARKS ORCHESTRA
    168 BRATTLE STREET
    CAMBRIDGE,MA02138     		NONE CHARITY GENERAL PURPOSES 40,000
    BOSTON MEDICAL CENTER
    660 HARRISON AVE 3RD FLOOR
    BOSTON,MA02118     		NONE CHARITY GENERAL PURPOSES 145,000
    BOSTON YOUTH SYMPHONY ORCHESTRA
    855 COMMONWEALTH AVENUE
    BOSTON,MA02215     		NONE CHARITY GENERAL PURPOSES 68,000
    BOYS AND GIRLS CLUB OF BOSTON
    50 CONGRESS STREET SUITE 730
    BOSTON,MA02109     		NONE CHARITY GENERAL PURPOSES 525,000
    BRIGHAM AND WOMEN'S HOSPITAL
    116 HUNTINGTON AVE 5TH FLOOR
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 320,000
    BROAD INSTITUTE
    7 CAMBRIDGE CENTER
    CAMBRIDGE,MA02142     		NONE CHARITY GENERAL PURPOSES 50,000
    BROCKTON NEIGHBORHOOD HEALTH CENTER
    63 MAIN STEET
    BROCKTON,MA02301     		NONE CHARITY GENERAL PURPOSES 21,565
    BROOKLINE COMMUNITY FOUNDATION
    40 WEBSTER PLACE
    BROOKLINE,MA02445     		NONE CHARITY GENERAL PURPOSES 15,000
    BROOKLINE COMMUNITY MH CENTER
    43 GARRISON ROAD
    BROOKLINE,MA02445     		NONE CHARITY GENERAL PURPOSES 30,000
    CAMERA
    PO BOX 35040
    BOSTON,MA02135     		NONE CHARITY GENERAL PURPOSES 250,000
    CAMP HARBOR VIEW FOUNDATION INC
    200 CLARENDON STREET 60TH FLOOR
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 100,000
    CASA MYRNA VAZQUEZ
    PO BOX 180019
    BOSTON,MA02118     		NONE CHARITY GENERAL PURPOSES 55,000
    CASA NUEVA VIDA
    53 GLEN ROAD
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 25,000
    CATHOLIC RELIEF SERVICES INC
    228 WEST LEXINGTON STREET
    BALTIMORE,MD21201     		NONE CHARITY GENERAL PURPOSES 75,000
    CENTER FOR ENTREPRENEURIAL JEWISH PHILANTHROPY
    435 STRATTON ROAD
    NEW ROCHELLE,NY10804     		NONE CHARITY GENERAL PURPOSES 60,000
    CENTER FOR JEWISH HISTORY
    15 WEST 16TH STREET
    NEW YORK,NY10011     		NONE CHARITY GENERAL PURPOSES 100,000
    CENTER FOR SECURITY POLICY
    1901 PENNSYLVANIA AVE NW SUITE 201
    WASHINGTON,DC20006     		NONE CHARITY GENERAL PURPOSES 50,000
    CENTER FOR SOCIAL POLICY UNIVERSITY OF MASSACHUSETTS
    100 MORRISSEY BLVD
    BOSTON,MA02125     		NONE CHARITY GENERAL PURPOSES 2,500
    CENTRAL FUND OF ISRAEL
    207 WEST 86TH STREET APT M-16
    NEW YORK,NY10024     		NONE CHARITY GENERAL PURPOSES 150,000
    CHILDREN'S HOSPITAL TRUST
    1 AUTUMN STREET 731
    BOSTON,MA02115     		NONE CHARITY GENERAL PURPOSES 370,000
    COMBINED JEWISH PHILANTHROPIES
    126 HIGH STREET
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 1,625,000
    COMMENTARY
    165 EAST 56TH STREET
    NEW YORK,NY10022     		NONE CHARITY GENERAL PURPOSES 60,000
    COMMONWEALTH SHAKESPEARE COMPANY
    126 LEWIS WHARF
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 45,000
    COMMUNITY ECONOMIC DEV ASSISTANCE CORP
    ONE CENTER PLAZA SUITE 350
    BOSTON,MA02108     		NONE CHARITY GENERAL PURPOSES 100,000
    COMMUNITY FARMS OUTREACH INC
    240 BEAVER STREET
    WALTHAM,MA02452     		NONE CHARITY GENERAL PURPOSES 32,000
    COMMUNITY MUSIC CENTER OF BOSTON
    34 WARREN AVENUE
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 50,000
    CONSERVATORY LAB CHARTER SCHOOL
    25 ARLINGTON STREET
    BOSTON,MA02135     		NONE CHARITY GENERAL PURPOSES 10,000
    CORNELL UNIVERSITY
    300 DAY HALL
    ITHACA,NY14853     		NONE CHARITY GENERAL PURPOSES 1,000,000
    DUDLEY SQUARE NEIGHBORHOOD INITIATIVE
    504 DUDLEY STREET
    ROXBURY,MA02119     		NONE CHARITY GENERAL PURPOSES 12,500
    EDUCATION MATTERS INC
    50 CHURCH STREET 5TH FLOOR
    CAMBRIDGE,MA02138     		NONE CHARITY GENERAL PURPOSES 13,000
    EDVESTORS
    140 CLARENDON STREET SUITE 305
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 350,000
    ELIZABETH STONE HOUSE
    8 NOTRE DAME STREET
    ROXBURY,MA02119     		NONE CHARITY GENERAL PURPOSES 11,000
    EMERALD NECKLACE CONSERVANCY
    891 CENTRE STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 25,000
    FACING HISTORY AND OURSELVES
    16 HURD ROAD
    BROOKLINE,MA02445     		NONE CHARITY GENERAL PURPOSES 1,000,000
    FAMILY NURTURING CENTER OF MASSACHUSETTS
    200 BOWDOIN STREET
    DORCHESTER,MA02122     		NONE CHARITY GENERAL PURPOSES 25,000
    FAMILY SERVICE ASSOCIATES OF GREATER BOSTON
    31 HEATH STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 60,000
    FIDELITY INVESTMENTS CHARITABLE GIFT FUND
    200 SEAPORT BOULEVARD
    BOSTON,MA02210     		NONE CHARITY GENERAL PURPOSES 100,000
    FJC - A FOUNDATION OF DONOR ADVISED FUNDS
    520 8TH AVENUE 20TH FLOOR
    NEW YORK,NY10018     		NONE CHARITY GENERAL PURPOSES 50,000
    FONKOZE
    50 F STREET NW
    WASHINGTON,DC20001     		NONE CHARITY GENERAL PURPOSES 55,000
    FOUNDATION FOR DEFENSE OF DEMOCRACIES
    1726 M STREET NW SUITE 700
    WASHINGTON,DC20036     		NONE CHARITY GENERAL PURPOSES 100,000
    FRANCISCAN HOSPITAL FOR CHILDREN
    30 WARREN STREET
    BOSTON,MA02135     		NONE CHARITY GENERAL PURPOSES 20,000
    FRIDAY NIGHT SUPPER PROGRAM INC
    351 BOYLSTON STREET
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 5,000
    FRIENDS OF IR DAVID
    3145 CONEY ISLAND AVE SUITE 3
    BROOKLYN,NY11210     		NONE CHARITY GENERAL PURPOSES 50,000
    FRIENDS OF YEMIN ORDE
    12230 WILKINS AVENUE
    ROCKVILLE,MD20852     		NONE CHARITY GENERAL PURPOSES 305,000
    FROM THE TOP
    295 HUNTINGTON AVENUE SUITE 201
    BOSTON,MA02115     		NONE CHARITY GENERAL PURPOSES 203,500
    G-ROW BOSTON
    20 NONANTUM ROAD
    BRIGHTON,MA02135     		NONE CHARITY GENERAL PURPOSES 11,000
    GANN ACADEMY
    333 FOREST STREET
    WALTHAM,MA02452     		NONE CHARITY GENERAL PURPOSES 50,000
    GREATER BOSTON FOOD BANK
    70 SOUTH BAY AVENUE
    BOSTON,MA02118     		NONE CHARITY GENERAL PURPOSES 125,000
    GREENWOOD MUSIC CAMP
    32 HARLOW ROAD
    CUMMINGTON,MA01026     		NONE CHARITY GENERAL PURPOSES 150,000
    HADASSAH
    50 WEST 58TH STREET
    NEW YORK,NY10019     		NONE CHARITY GENERAL PURPOSES 360,000
    HEALTH CARE FOR ALL
    30 WINTER STREET SUITE 1010
    BOSTON,MA02108     		NONE CHARITY GENERAL PURPOSES 20,000
    HEALTH LAW ADVOCATES
    30 WINTER STREET SUITE 1004
    BOSTON,MA02108     		NONE CHARITY GENERAL PURPOSES 25,000
    HEALTH LEADS FORMERLY PROJECT HEALTH
    85 E NEWTON STREET VOSE 521
    BOSTON,MA02118     		NONE CHARITY GENERAL PURPOSES 40,000
    HEALTH RESOURCES IN ACTION
    95 BERKELEY STREET SUITE 208
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 2,012,970
    HEBREW SENIOR LIFE
    1200 CENTRE STREET
    BOSTON,MA02131     		NONE CHARITY GENERAL PURPOSES 20,000
    HILLEL - FOUNDATION FOR JEWISH CAMPUS LIFE
    800 EIGHTH STREET NW
    WASHINGTON,DC20001     		NONE CHARITY GENERAL PURPOSES 75,000
    HONEST REPORTING
    10024 SKOKIE BLVD SUITE 201
    SKOKIE,IL60077     		NONE CHARITY GENERAL PURPOSES 30,000
    HUDSON INSTITUTE
    1015 15TH STREET NW SIXTH FLOOR
    WASHINGTON,DC20005     		NONE CHARITY GENERAL PURPOSES 50,000
    HUNT ALTERNATIVES FUND
    625 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE CHARITY GENERAL PURPOSES 100,000
    HYDE SQUARE TASK FORCE
    365 CENTRE STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 11,000
    JCC OF GREATER BOSTON
    333 NAHANTON STREET
    NEWTON,MA02459     		NONE CHARITY GENERAL PURPOSES 5,000
    JEWISH FAMILY AND CHILDREN SERVICES
    1430 MAIN STREET
    WALTHAM,MA02451     		NONE CHARITY GENERAL PURPOSES 335,000
    JEWISH INST FOR NATIONAL SECURITY AFFAIRS
    1779 MASSACHUSETTS AVE NW SUITE 515
    WASHINGTON,DC20036     		NONE CHARITY GENERAL PURPOSES 35,000
    JEWISH NATIONAL FUND
    77 FRANKLIN STREET SUITE 514
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 5,000
    JEWISH WOMEN'S ARCHIVE
    138 HARVARD STREET
    BROOKLINE,MA02446     		NONE CHARITY GENERAL PURPOSES 200,000
    JUDGE BAKER CHILDREN'S CENTER
    53 PARKER HILL AVENUE
    BOSTON,MA02120     		NONE CHARITY GENERAL PURPOSES 20,000
    JULIE'S FAMILY LEARNING PROGRAM INC
    133 DORCHESTER STREET
    SOUTH BOSTON,MA02127     		NONE CHARITY GENERAL PURPOSES 20,000
    LONGWOOD SYMPHONY ORCHESTRA
    29 HUNTINGTON AVENUE
    BROOKLINE,MA02446     		NONE CHARITY GENERAL PURPOSES 25,000
    MAKING MUSIC MATTERS
    5125 WASHINGTON STREET
    WEST ROXBURY,MA02132     		NONE CHARITY GENERAL PURPOSES 25,000
    MASSACHUSETTS ADVOCATES FOR CHILDREN
    25 KINGSTON STREET 2ND FLOOR
    BOSTON,MA02111     		NONE CHARITY GENERAL PURPOSES 30,000
    MAYYIM HAYYIM LIVING
    1838 WASHINGTON STREET
    NEWTON,MA02466     		NONE CHARITY GENERAL PURPOSES 90
    MCLEAN HOSPITAL
    115 MILL STREET
    BELMONT,MA02478     		NONE CHARITY GENERAL PURPOSES 95,000
    MERIDIAN ACADEMY
    1187 BEACON STREET
    BROOKLINE,MA02446     		NONE CHARITY GENERAL PURPOSES 125
    MIDDLE EAST FORUM
    1500 WALNUT STREET SUITE 1050
    PHILADELPHIA,PA19102     		NONE CHARITY GENERAL PURPOSES 50,000
    MIDDLE EAST MEDIA RESEARCH INSTITUTE
    1819 L STREET NW
    WASHINGTON,DC20036     		NONE CHARITY GENERAL PURPOSES 100,000
    MOUNT HOLYOKE COLLEGE
    50 COLLEGE STREET
    SOUTH HADLEY,MA01075     		NONE CHARITY GENERAL PURPOSES 1,996
    MSPCC
    99 SUMMER STREET 6TH FLOOR
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 10,000
    MUJERES UNIDAS EN ACCION
    54 CLAYTON STREET
    DORCHESTER,MA02122     		NONE CHARITY GENERAL PURPOSES 14,300
    MULTI-SERVICE EATING DISORDERS ASSOCIATION
    92 PEARL STREET
    NEWTON,MA02458     		NONE CHARITY GENERAL PURPOSES 25,000
    NATIONAL YIDDISH BOOK CENTER
    1021 WEST STREET
    AMHERST,MA01002     		NONE CHARITY GENERAL PURPOSES 100,000
    NEHAR SHALOM
    43 LOCKSTEAD AVENUE
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 180
    NEW ENGLAND CONSERVATORY
    290 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE CHARITY GENERAL PURPOSES 22,000
    NEW ENGLAND FRIENDS OF THE IDF
    154 WELLS AVENUE
    NEWTON,MA02459     		NONE CHARITY GENERAL PURPOSES 45,000
    NEW YORK FOUNDATION FOR THE ARTS
    20 JAY STREET 7TH FLOOR
    BROOKLYN,NY11201     		NONE CHARITY GENERAL PURPOSES 25,000
    ONE FAMILY INC
    186 SOUTH STREET 4TH FLOOR
    BOSTON,MA02111     		NONE CHARITY GENERAL PURPOSES 25,000
    PEF ISRAEL ENDOWMENT FUNDS
    317 MADISON AVENUE SUITE 607
    NEW YORK,NY10017     		NONE CHARITY GENERAL PURPOSES 210,000
    PAN MASS CHALLENGE
    77 FOURTH AVENUE
    NEEDHAM,MA02494     		NONE CHARITY GENERAL PURPOSES 76,000
    PARENTPROFESSIONAL ADVOCACY LEAGUE
    45 BROMFIELD STREET 10TH FLOOR
    BOSTON,MA02108     		NONE CHARITY GENERAL PURPOSES 25,000
    PARENTING RESOURCE ASSOCIATES INC
    4 MILITIA DRIVE SUITE 7
    LEXINGTON,MA02421     		NONE CHARITY GENERAL PURPOSES 35,000
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVE 3RD FLOOR
    BOSTON,MA02284     		NONE CHARITY GENERAL PURPOSES 75,000
    PEER HEALTH EXCHANGE
    ONE BEACON STREET 31-313
    BOSTON,MA02108     		NONE CHARITY GENERAL PURPOSES 25,000
    PERKINS SCHOOL FOR THE BLIND
    175 NORTH BEACON STREET
    WATERTOWN,MA02472     		NONE CHARITY GENERAL PURPOSES 146,250
    PINE STREET INN
    444 HARRISON AVENUE
    BOSTON,MA02118     		NONE CHARITY GENERAL PURPOSES 100,000
    PLANNED PARENTHOOD OF MASSACHSUETTS
    1055 COMMONWEALTH AVENUE
    BOSTON,MA02215     		NONE CHARITY GENERAL PURPOSES 25,000
    PROJECT BREAD
    145 BORDER STREET
    EAST BOSTON,MA02128     		NONE CHARITY GENERAL PURPOSES 20,000
    PROJECT STEP
    301 MASSACHUSETTS AVENUE
    BOSTON,MA02115     		NONE CHARITY GENERAL PURPOSES 25,000
    ROCA
    101 PARK STREET
    CHELSEA,MA02150     		NONE CHARITY GENERAL PURPOSES 50,000
    ROSIE'S PLACE
    889 HARRISON AVENUE
    BOSTON,MA02118     		NONE CHARITY GENERAL PURPOSES 15,000
    SCHOLARS FOR PEACE IN THE MIDDLE EAST
    8 FALCONS POINTE DRIVE
    CHICO,CA95928     		NONE CHARITY GENERAL PURPOSES 100,000
    SPONTANEOUS CELEBRATIONS
    45 DANFORTH STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 4,050
    STRATEGIC GRANT PARTNERS
    240 NEWBURY STREET
    BOSTON,MA02116     		NONE CHARITY GENERAL PURPOSES 818,772
    STRONG WOMEN STRONG GIRLS
    1 MILK STREET SUITE 301
    BOSTON,MA02109     		NONE CHARITY GENERAL PURPOSES 25,000
    SUMMER SEARCH
    500 AMORY STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 50,000
    TEMPLE HILLEL BNAI TORAH
    120 COREY STREET
    WEST ROXBURY,MA02132     		NONE CHARITY GENERAL PURPOSES 2,668
    THE BLUE CARD
    171 MADISON AVENUE SUITE 1405
    NEW YORK,NY10016     		NONE CHARITY GENERAL PURPOSES 25,000
    THE DAVID PROJECT
    200 HIGH STREET 4TH FLOOR
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 750,000
    THE FOOD PROJECT
    10 LEWIS STREET
    LINCOLN,MA01773     		NONE CHARITY GENERAL PURPOSES 40,000
    THE ISRAEL PROJECT
    2020 K STREET NW SUITE 7600
    WASHINGTON,DC20006     		NONE CHARITY GENERAL PURPOSES 2,144,000
    THE LENNY ZAKIM FUND
    33 ARCH STREET 26TH FLOOR
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 50,000
    THE RIVERS SCHOOL CONSERVATORY
    333 WINTER STREET
    WESTON,MA02493     		NONE CHARITY GENERAL PURPOSES 205,000
    THE SHALEM FOUNDATION
    845 THIRD AVENUE
    NEW YORK,NY10022     		NONE CHARITY GENERAL PURPOSES 250,000
    THE SILK ROAD PROJECT
    20 WESTMINSTER STREET 5TH FLOOR
    PROVIDENCE,RI02903     		NONE CHARITY GENERAL PURPOSES 10,000
    THE WASHINGTON INST FOR NEAR EAST POLICY
    1828 L STREET NW SUITE 1050
    WASHINGTON,DC20036     		NONE CHARITY GENERAL PURPOSES 75,000
    TUFTS MEDICAL CENTER
    750 WASHINGTON STREET BOX 231
    BOSTON,MA02111     		NONE CHARITY GENERAL PURPOSES 5,000
    UNITED WAY OF MASSACHUSETTS BAY
    51 SLEEPER STREET
    BOSTON,MA02210     		NONE CHARITY GENERAL PURPOSES 50,000
    UNIVERSITY LUTHERAN CHURCH
    66 WINTHROP STREET
    CAMBRIDGE,MA02138     		NONE CHARITY GENERAL PURPOSES 660
    UNIVERSITY OF MASSACHUSETTS WORCESTER
    55 LAKE AVENUE NORTH
    WORCESTER,MA01655     		NONE CHARITY GENERAL PURPOSES 30,000
    URBAN IMPROV
    8 ST JOHN STREET
    JAMAICA PLAIN,MA02130     		NONE CHARITY GENERAL PURPOSES 25,000
    VASSAR COLLEGE
    BOX 14 124 RAYMOND AVENUE
    POUGHKEEPSIE,NY12604     		NONE CHARITY GENERAL PURPOSES 250
    WOMEN EXPRESS INC
    80 SUMMER STREET SUITE 300
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 30,000
    YEAR UP
    93 SUMMER STREET 5TH FLOOR
    BOSTON,MA02110     		NONE CHARITY GENERAL PURPOSES 50,000
    YOUTH AND FAMILY ENRICHMENT SERVICES
    1234 HYDE PARK AVE SUITE 202
    HYDE PARK,MA02136     		NONE CHARITY GENERAL PURPOSES 30,000
    ZUMIX
    260 SUMMER STREET
    EAST BOSTON,MA02128     		NONE CHARITY GENERAL PURPOSES 50,000
    Total .................................bullet 3a 22,624,512
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 5,452  
    4 Dividends and interest from securities.... 900000 2,258 14 3,161,918  
    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.....     01 191,792  
    8Gain or (loss) from sales of assets other than inventory 900000 40,692 18 6,695,874  
    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).. 42,950 10,055,036 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    1310,097,986
    (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
    THE KLARMAN FAMILY FOUNDATION
     
    Employer identification number

    04-3105768
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    THE KLARMAN FAMILY FOUNDATION
          		Employer identification number

    04-3105768
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    SETH KLARMAN    
    PO BOX 171627
       
    BOSTON, MA   02117

    		$105,000,000




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    THE KLARMAN FAMILY FOUNDATION
          		Employer identification number

    04-3105768
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    THE KLARMAN FAMILY FOUNDATION
          		Employer identification number

    04-3105768
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 31,194 0   0

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

    TY 2010 DepreciationSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    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 NETWORK 2005-11-01 16,416 13,679 SL 5.000000000000 1,368 0    
    OFFICE FURNITURE 2005-11-01 31,417 18,700 SL 7.000000000000 1,870 0    
    LEASEHOLD IMPROVEMENTS 2005-11-01 202,918 21,679 SL 39.000000000000 2,168 0    
    COMPUTER 2006-05-05 1,823 1,338 SL 5.000000000000 152 0    
    COMPUTER 2006-11-03 1,203 763 SL 5.000000000000 100 0    
    OFFICE FURNITURE 2006-06-12 2,612 1,337 SL 7.000000000000 155 0    
    LEASEHOLD IMPROVEMENTS 2006-08-08 19,869 1,739 SL 39.000000000000 212 0    
    SOFTWARE 2006-08-08 3,893 3,893 SL 3.000000000000 0 0    
    COMPUTER 2007-12-31 1,467 586 SL 5.000000000000 122 0    
    COMPUTERS 2009-06-26 4,380 438 SL 5.000000000000 876 0    
    COMPUTERS 2010-06-01 21,929   SL 5.000000000000 2,558 0    
    OFFICE FURNITURE 2010-06-01 182,521   SL 5.000000000000 21,294 0    
    LEASEHOLD IMPROVEMENTS 2010-06-01 763,814   SL 39.000000000000 11,425 0    

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABRAMS CAPITAL PARTNERS I AT COST 20,688,222 22,357,865
    ARBITER PARTNERS I, L.P. AT COST 5,666,264 5,910,005
    BERKSHIRE FUND VII (OS), LP AT COST 55,571 55,571
    BERKSHIRE FUND VII, LP AT COST 153,212 153,193
    BROOKSIDE CAPITAL PARTNERS FUND AT COST 8,853,299 9,995,123
    COVALENT PARTNERS AT COST 438,558 504,692
    FLYBRIDGE II AT COST 759,991 507,596
    FLYBRIDGE III AT COST 161,381 173,591
    GC ENTREPRENEURS FUND II AT COST 37,932 80,961
    GC ENTREPRENEURS FUND IV AT COST 60,358 86,845
    GLENROCK GLOBAL PARTNERS AT COST 498,018 601,278
    HAWKEYE INSTITUTIONAL CAPITAL AT COST 4,546,522 4,986,329
    HIGHFIELDS CAPITAL IV LP AT COST 3,975,620 4,015,192
    HOME FUNDERS COLLABORATIVE, LLC AT COST 4,751 0
    HUMMINGBIRD VALUE FUND, L.P AT COST 6,523,347 6,885,733
    ICIC ENTERPRISE INVESTORS LLC AT COST 2,177 3,458
    JEEREDDI I, LP AT COST 2,143,221 3,160,335
    KENSICO OFFSHORE FUND AT COST 15,839,000 31,792,116
    OSTRA CAPITAL AT COST 504,463 602,917
    PERRY PARTNERS AT COST 4,373,677 4,739,277
    PRIVATVARDE FUND AT COST 2,455,288 1,546,709
    RAFFLES ASSOCIATES, L.P. AT COST 13,271,350 20,361,398
    RIVA CAPITAL PARTNERS AT COST 761,005 585,915
    SUTTER HILL ENTREPENEURS FD AT COST 45,418 53,664
    TARSIER NANOCAP VALUE FUND AT COST 1,900,205 1,639,204
    THE VARDE FUND AT COST 2,130,271 1,793,101
    THE VARDE FUND IX AT COST 6,275,541 7,283,305
    THE VARDE FUND VII AT COST 3,593,602 2,138,890
    THE VARDE FUND VIII AT COST 5,036,363 4,597,416
    TYNDALL INST PARTNERS AT COST 37,356,938 41,503,971
    AL BAWADAR AT COST 50,340 31,986
    ROUTE ONE FUND I AT COST 3,988,913 4,063,870

    TY 2010 LandEtcSchedule2
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTERS 4,380 1,314 3,066 0
    COMPUTERS 21,929 2,558 19,371 0
    OFFICE FURNITURE 182,521 21,294 161,227 0
    LEASEHOLD IMPROVEMENTS 763,814 11,425 752,389 0


    TY 2010 LegalFeesSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 11,652 0   0


    TY 2010 OtherAssetsSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAXES 286,063 273,318 273,318


    TY 2010 OtherExpensesSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO INC EXP - FROM K-1'S 510,919 510,919   0
    OTHER DEDUCTIONS - FROM K-1'S 98,442 98,442   0
    MANAGEMENT FEES - FROM K-1'S 842,197 842,197   0
    MASS FILING FEE 250 0   0
    OFFICE EXPENSES 21,031 0   0
    TELEPHONE AND INTERNET 37,091 0   0
    INSURANCE 1,917 0   0
    DUES AND SUBSCRIPTIONS 37,392 0   0
    GIFTS 710 0   0
    COPY MACHINE LEASE 1,312 0   0
    BANK CHARGES 110 0   0
    PARKING 1,904 0   0
    KLARMAN FAMILY PAYROLL REIMBURSEMENTS -34,987 0   0
    FINANCE CHARGES 226 0   0
    MISC 187 0   0
    ARBITER PARTNERS, LP-INVESTMENT LOSS 1,975 1,975   0
    BERKSHIRE FUND VII-PASSIVE LOSS 120 120   0
    BROOKSIDE LP-INVESTMENT LOSS 37,835 37,835   0
    COVALENT CAPITAL PARNTERS-INVESTMENT LOSS 39 39   0
    GLENROCK GLOBAL PARNTERS, LP-PASSIVE LOSS 3,588 3,588   0
    GOTHAM PARTNERS-PASSIVE LOSS 1,352 1,352   0
    HOME FUNDERS COLLABORATIVE LLC-PASSIVE LOSS 273 273   0
    HIGHFIELDS CAPITAL IV LP-INVESTMENT LOSS 7,950 7,950   0
    ICIC ENTERPRISES-PASSIVE LOSS 166 166   0
    JEEREDDI FUND-INVESTMENT LOSS 135 135   0
    PERRY PARTNERS-PASSIVE LOSS 13,932 13,932   0
    PRIVATVARDE-PASSIVE LOSS 3,130 3,130   0
    PRIVATVARDE-INVESTMENT LOSS 41,130 41,130   0
    RAFFLES ASSOCIATES LP-INVESTMENT LOSS 2,714 2,714   0
    ROUTE ONE FUND-INVESTMENT LOSS 8,908 8,908   0
    THE VARDE FUND LP-PASSIVE LOSS 3,669 3,669   0
    THE VARDE FUND FUND VII-PASSIVE LOSS 5,098 5,098   0
    THE VARDE FUND FUND VII-INVESTMENT LOSS 71,052 71,052   0
    THE VARDE FUND VIII-PASSIVE LOSS 9,421 9,421   0
    THE VARDE FUND FUND VIII-INVESTMENT LOSS 90,737 90,737   0
    THE VARDE FUND IX-PASSIVE LOSS 8,473 8,473   0
    THE VARDE FUND IX-INVESTMENT LOSS 93,812 93,812   0
    TYNDALL INSTITUTIONAL PARTNERS-INVESTMENT LOSS 82 82   0
    LOSS ON ABANDONMENT OF ASSETS 211,757 0   0
    ABRAMS CAPITAL PARTNERS-CONTRIBUTIONS FROM K-1 187 0   0
    GOTHAM PARTNERS-CONTRIBUTIONS FROM K-1 142,507 0   0
    PERRY PARTNERS-CONTRIBUTIONS FROM K-1 32 0   0
    RIVA CAPITAL PARTNERS-CONTRIBUTIONS FROM K-1 113 0   0
    THE VARDE FUND VIII-CONTRIBUTIONS FROM K-1 1 0   0
    THE VARDE FUND IX-CONTRIBUTIONS FROM K-1 1 0   0


    TY 2010 OtherIncomeSchedule2
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ABRAMS CAPITAL PARTNERS-PASSIVE INCOME 12,110 12,110 12,110
    ABRAMS CAPITAL PARTNERS-INVESTMENT INCOME 56,471 56,471 56,471
    GOTHAM PARTNERS-INVESTMENT INCOME 2 2 2
    HAWKEYE CAPITAL INSTITUTIONAL-INVESTMENT INCOME 510 510 510
    HIGHFIELDS CAPITAL IV-PASSIVE INCOME 1,929 1,929 1,929
    OSTRA CAPITAL-INVESTMENT INCOME 247 247 247
    PERRY PARTNERS LP-INVESTMENT INCOME 97,757 97,757 97,757
    RIVA CAPITAL PARTNERS-INVESTMENT INCOME 1,086 1,086 1,086
    THE VARDE FUND LP-INVESTMENT INCOME 11,139 11,139 11,139
    GC ENTREPRENEURS FUND IV-INVESTMENT INCOME 28 28 28
    GLENROCK GLOBAL PARTNERS-INVESTMENT INCOME 941 941 941
    RIVA CAPITAL PARTNERS-PASSIVE INCOME 5,219 5,219 5,219
    MISCELLANEOUS INVESTMENT INCOME 4,353 4,353 4,353


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 10,019 8,505
    GOTHAM PARTNERS - BOOK VALUE 117,230 290,885
    GENERAL CATALYST GROUP, LLC 3,276 7,094


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANTS 109,015 0   0


    TY 2010 TaxesSchedule
    Name:
    THE KLARMAN FAMILY FOUNDATION
    EIN: 04-3105768
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES - FROM K-1S 42,030 42,030   0
    EXCISE TAX 12,745 0   0
    PAYROLL TAX 31,443 0   31,443