Form990-PF
Click to see attachment

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

Number and street (or P.O. box number if mail is not delivered to street address)1901 ST ANTOINE STREET 6TH FLOOR   Room/suite
City or town, state, and ZIP code
DETROIT, MI48226
A Employer identification number

38-6066333
B Telephone number (see page 10 of the instructions)

(313) 259-7777
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$31,300,950J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 195,584 195,584  
4 Dividends and interest from securities...... 300,319 300,319  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,319,486
b Gross sales price for all assets on line 6a 83,900,986
7 Capital gain net income (from Part IV, line 2)... 3,319,486
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 5,620 5,620  
12 Total. Add lines 1 through 11........ 3,821,009 3,821,009  
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)......... Click to see attachment 7,989 3,995   3,994
b Accounting fees (attach schedule)....... Click to see attachment 37,500 18,750   18,750
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 44,650 7,605   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 86,153 86,143   10
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 176,292 116,493   22,754
25 Contributions, gifts, grants paid........ 1,647,500 1,647,500
26 Total expenses and disbursements. Add lines 24 and 25 1,823,792 116,493   1,670,254
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,997,217
b Net investment income (if negative, enter -0-) 3,704,516
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.......... 53,455 1,434,171 1,434,171
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   10,015    
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)........ 22,096,386 Click to see attachment15,941,751 19,435,948
c Investments—corporate bonds (attach schedule)........ 2,604,151 Click to see attachment2,934,553 2,992,039
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 533,464 Click to see attachment6,994,758 7,438,792
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,737 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,301,208 27,305,233 31,300,950
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 attachment0 Click to see attachment6,808
23 Total liabilities (add lines 17 through 22).......... 0 6,808
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......... 37,595,835 40,915,321
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -12,294,627 -13,616,896
30 Total net assets or fund balances (see page 17 of the
instructions).................... 25,301,208 27,298,425
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 25,301,208 27,305,233
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 25,301,208
2 Enter amount from Part I, line 27a...................... 2 1,997,217
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 27,298,425
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 27,298,425
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 COMERICA BANK - RHB (PUBLICALY TRADED SECURITIES) P    
b COMERICA BANK - RHB (PUBLICALY TRADED SECURITIES) P    
c FROM K-1 - PACIFIC FUND I, LP P    
d CAPITAL GAINS DIVIDENDS P    
e
(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 75,918,779   74,221,126 1,697,653
b 7,979,235   6,352,962 1,626,273
c       -7,412
d 2,972     2,972
e
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       1,697,653
b       1,626,273
c       -7,412
d       2,972
e
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 3,319,486
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 2,279,336 27,634,097 0.082483
2008 2,592,406 35,965,827 0.072080
2007 551,336 38,107,586 0.014468
2006 1,934,701 34,869,689 0.055484
2005 1,799,968 35,592,053 0.050572
2 Total of line 1, column (d) ...................... 2 0.275087
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 0.055017
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 29,600,629
5 Multiply line 4 by line 3....................... 5 1,628,538
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 37,045
7 Add lines 5 and 6......................... 7 1,665,583
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,670,254
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 37,045
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 37,045
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 37,045
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 30,237
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 10,600
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,837
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 3,792
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet3,792 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMI
    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 ofbulletRODNEY P WOOD Telephone no.bullet (313) 961-0500
    Located atbullet2000 BRUSH STREET STE 440DETROITMI ZIP+4bullet482262229
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
    No
    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
    LYNN F ALANDT PRESIDENT, TRUSTEE & MEMBER
    0.25     		0 0 0
    2000 BRUSH STREET SUITE 440
    DETROIT,MI48226
    BENSON FORD JR VICE-PRESIDENT, TRUSTEE & MEMBER
    0.25     		0 0 0
    2000 BRUSH STREET SUITE 440
    DETROIT,MI48226
    RODNEY P WOOD TREASURER
    0.25     		0 0 0
    2000 BRUSH STREET SUITE 440
    DETROIT,MI48226
    DAVID M HEMPSTEAD SECRETARY, TRUSTEE & MEMBER
    0.25     		0 0 0
    1901 ST ANTOINE ST 6TH FLOOR
    DETROIT,MI48226
    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
    29,741,434
    b
    Average of monthly cash balances.......................
    1b
    309,966
    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
    30,051,400
    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
    30,051,400
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    450,771
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,600,629
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,480,031
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,480,031
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    37,045
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,045
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,442,986
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,442,986
    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
    1,442,986
    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
    1,670,254
    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
    1,670,254
    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
    37,045
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,633,209
    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 1,442,986
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009....... 846,761
    fTotal of lines 3a through e......... 846,761
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,670,254
    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..... 1,442,986
    e Remaining amount distributed out of corpus 227,268
    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 1,074,029
    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 ......     		1,074,029
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009.... 846,761
    e Excess from 2010.... 227,268
    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:
    DAVID M HEMPSTEAD
    1901 ST ANTOINE STREET 6TH FLOOR
    DETROIT,MI48226
    (313) 259-7777
    bThe form in which applications should be submitted and information and materials they should include:
    BRIEF LETTER, FINANCIAL STATEMENT, COPY OF IRS LETTER DETERMINING TAX STATUS (UNLESS ALREADY LISTED IN CUMULATIVE LIST).
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE GENERALLY LIMITED TO CHARITABLE ORGANIZATIONS ALREADY FAVORABLY KNOWN TO, AND OF INTEREST TO, THE SUBSTANTIAL CONTRIBUTORS OF THIS FOUNDATION. NO GRANTS TO INDIVIDUALS.
    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
    ALZHEIMER'S DISEASE ASSN-DET
    20300 CIVIC CENTER DR STE 100
    SOUTHFIELD,MI48076     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 25,000
    AUSTIN CATHOLIC ACADEMY
    18201 23 MILE RD
    MACOMB TWP,MI48042     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 25,000
    BOY SCOUTS OF AMERICA-DET AREA
    1776 W WARREN AVE
    DETROIT,MI48208     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    CAPUCHIN SOUP KITCHEN
    1820 MT ELLIOTT ST
    DETROIT,MI48207     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    CHRIST CHURCH GROSSE POINTE
    61 GROSSE POINTE BLVD
    GROSSE POINTE FARMS,MI48236     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 3,000
    COLLEGE FOR CREATIVE STUDIES
    201 EAST KIRBY
    DETROIT,MI48202     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 590,000
    DEA SURVIVORS BENEFIT FUND
    2020 PENNSYLVANIA AVE NW PMB 659
    WASHINGTON,DC20006     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    DET SYMPHONY ORCHESTRA HALL
    3711 WOODWARD AVE
    DETROIT,MI48201     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    DETROIT ARTISTS MARKET
    4719 WOODWARD AVE
    DETROIT,MI48201     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    DETROIT EDUCATIONAL TELEVISION FOUNDATION
    1 CLOVER COURT
    WIXOM,MI48393     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    DETROIT EXECUTIVE SERVICE CORPS
    16250 NORTHLAND DR SUITE 390
    SOUTHFIELD,MI48075     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    DETROIT HISTORICAL SOCIETY
    5401 WOODWARD AVE
    DETROIT,MI48202     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 2,000
    GLEANER'S COMMUNITY FOOD BANK
    2131 BEAUFAIT
    DETROIT,MI48207     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    GREENING OF DETROIT
    1418 MICHIGAN AVE
    DETROIT,MI48216     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 2,000
    GROSSE POINTE ACADEMY
    171 LAKE SHORE ROAD
    GROSSE POINTE FARMS,MI48236     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    GROSSE POINTE WAR MEMORIAL
    32 LAKE SHORE DRIVE
    GROSSE POINTE FARMS,MI48236     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 500
    HENRY FORD HEALTH SYSTEM
    ONE FORD PLACE 5B
    DETROIT,MI48202     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 755,000
    INTERLOCHEN CENTER FOR ARTS
    PO BOX 199
    INTERLOCHEN,MI49643     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 8,000
    JARC
    30301 NORTHWESTERN HWY SUITE 100
    FARMINGTON HILLS,MI48334     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 15,000
    JEWISH FAMILY SERVICE
    6555 W MAPLE RD
    WEST BLOOMFIELD,MI48322     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    JEWISH FEDERATION OF METRO DET
    6735 TELEGRAPH RD PO BOX 2030
    BLOOMFIELD HILLS,MI48303     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 25,000
    KEYS CHILDREN'S FOUNDATION
    24 DOCKSIDE LANE BOX 139
    KEY LARGO,FL33037     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    MICH METRO GIRL SCOUT COUNCIL
    500 FISHER BLDG 3011 W GRAND BLVD
    DETROIT,MI48202     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    MICHIGAN HUMANE SOCIETY
    30300 TELEGRAPH RD SUITE 220
    BINGHAM FARMS,MI48025     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    NORTHERN MICHIGAN HOSPITAL FOUNDATION
    360 CONNABLE AVE
    PETOSKEY,MI49770     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    OLD NEWSBOYS' GOODFELLOW FUND
    PO BOX 44444
    DETROIT,MI48244     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 2,000
    PLANNED PARENTHOOD OF MID AND SOUTH MICHIGAN
    3100 PROFESSIONAL DR PO BOX 3673
    ANN ARBOR,MI48106     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    RACING FOR KIDS
    93 KERCHEVAL SUITE 4
    GROSSE POINTE FARMS,MI48236     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    SHAKE-A-LEG MIAMI INC
    2620 SOUTH BAYSHORE DR
    COCONUT GROVE,FL33133     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    ST JOHN HEALTH SYSTEM
    HOLLEY EAR INSTITUTE - BLDG 1 22151
    MOROSS RD STE 223
    DETROIT,MI48236     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 25,000
    THE CHILDREN'S CENTER
    79 WEST ALEXANDRINE
    DETROIT,MI48201     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    THE HENRY FORD
    20900 OAKWOOD BLVD
    DEARBORN,MI48124     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 25,000
    UNITED JEWISH FOUNDATION
    JEWISH WOMENS FNDTN METRO DET PO
    BOX 2030
    BLOOMFIELD HILLS,MI48303     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    UNITED WAY COMMUNITY SERVICES
    606 WOOD AVENUE SUITE 300
    DETROIT,MI48226     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 5,000
    UTICA COMM SCHOOLS FND EDUC EX
    7600 18 MILE RD
    STERLING HEIGHTS,MI48314     		NO INDIVIDUALS PUBLIC CHARITY PROGRAM SERVICES 10,000
    Total .................................bullet 3a 1,647,500
    bApproved for future payment
    COLLEGE FOR CREATIVE STUDIES
    201 EKIRBY
    DETROIT,MI48202     		NO INDIVIDUALS PUBLIC CHARITY ARGONAUT PROJECT 4,500,000
    HENRY FORD HEALTH SYSTEM
    ONE FORD PLACE 5B
    DETROIT,MI48202     		NO INDIVIDUALS PUBLIC CHARITY DETROIT CAMPUS PROJECTS 4,290,000
    Total ..................................bullet 3b 8,790,000
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 195,584  
    4 Dividends and interest from securities....     14 300,319  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 5,620  
    8Gain or (loss) from sales of assets other than inventory     18 3,319,486  
    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 3,821,009 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    133,821,009
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 37,500 18,750   18,750

    TY 2010 GeneralExplanationAttachment
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Identifier Return Reference Explanation
      PART VII-B, QUESTION 1A(3) FORD ESTATES, LLC (2000 BRUSH ST., SUITE 440, DETROIT, MICHIGAN 48226-2229), IS A BUSINESS OFFICE MAINTAINED FOR, AND AT THE EXPENSE OF, VARIOUS MEMBERS OF THE FORD FAMILY WHO, WITH RESPECT TO THIS FUND, ARE "DISQUALIFIED PERSONS", INCLUDING PARTICULARLY THE FOLLOWING: LYNN F. ALANDT AND BENSON FORD, JR.FORD ESTATES, LLC SUPPLIES ACCOUNTING SERVICES AND OFFICE SERVICES (COLLECTING INCOME, DISTRIBUTION OF CONTRIBUTIONS, MAINTENANCE OF ACCOUNTS AND RECORDS, HANDLING CORRESPONDENCE, PREPARATION OF TAX RETURNS AND ANNUAL REPORTS, AND SIMILAR MATTERS PERTAINING TO THE OFFICE OF TREASURER). SUCH SERVICES ARE PERFORMED BY RODNEY P. WOOD AND BY OTHERS IN FORD ESTATES, LLC UNDER HIS SUPERVISION. NO COMPENSATION IS PAID BY BENSON & EDITH FORD FUND DIRECTLY RODNEY P. WOOD AS COMPENSATION FOR HIS SERVICES IN ANY OF THE CAPACITIES LISTED ABOVE OR OTHERWISE. IN 2010, BENSON & EDITH FORD FUND PAID TO FORD ESTATES, LLC $37,500 FOR FEES (AND EXPENSES) FOR ALL THE SERVICES REFERRED TO IN THIS PARAGRAPH.
      PART VII-B, QUESTION 1A(4) DAVID M. HEMPSTEAD, LISTED AS TRUSTEE, SECRETARY AND MEMBER, IS A PARTNER IN THE LAW FIRM OF BODMAN LLP, 1901 ST. ANTOINE STREET, 6TH FLOOR, DETROIT, MICHIGAN 48226, WHICH FIRM ACTS AS THE ATTORNEYS FOR BENSON & EDITH FORD FUND. MR. HEMPSTEAD IS THE PERSON IN THE FIRM PRINCIPALLY CONCERNED WITH SUCH LEGAL SERVICES TO THE FUND, BUT OTHERS IN THE FIRM ALSO RENDER LEGAL SERVICES TO THE FUND UNDER HIS SUPERVISION. THE TIME SPENT BY MR. HEMPSTEAD STRICTLY IN THE LISTED OFFICIAL CAPACITIES CANNOT READILY BE SEPARATED FROM THAT SPENT IN PERFORMING THE LEGAL SERVICES REFERRED TO. IN 2010, BENSON & EDITH FORD FUND PAID TO SAID ATTORNEYS $7,989.40 FOR FEES (AND EXPENSES) FOR ALL THE SERVICES REFERRED TO IN THIS PARAGRAPH.
        THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROVIDE FINANCIAL SUPPORT TO CORPORATIONS, TRUSTS, COMMUNITY CHESTS, FUNDS OR FOUNDATIONS, ORGANIZED AND OPERATED SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Name of Bond End of Year Book Value End of Year Fair Market Value
    500,000 UNITS GENENTECH INC 4.400% DUE 07-15-10 0 0
    500,000 UNITS WAL-MART STORES INC 4.25% 04/15/2013 4.250% DUE 04-15-13 0 0
    250,000 UNITS COLGATE PALMOLIVE CO MEDIUM 4.2% 05/15/2013 4.200% DUE 05-15-1 0 0
    250,000 UNITS IBM CORP NT DTD 10/15/2008 6.5% 10/15/2013 6.500% DUE 10-15-13 0 0
    250,000 UNITS PFIZER INC 4.5% 02/15/2014 4.500% DUE 02-15-14 0 0
    100,000 UNITS LILLY ELI & CO NT 4.2% 03/06/2014 4.200% DUE 03-06-14 0 0
    100,000 UNITS BERKSHIRE HATHAWAY 4.85% 01/15/2015 4.850% DUE 01-15-15 0 0
    500,000 UNITS MEDTRONIC INC 4.75% 09/15/2015 4.750% DUE 09-15-15 0 0
    1,000,000 UNITS FORD MOTOR CREDIT CO 7.25% 10/25/20117.250% DUE 10-25-11 1,017,631 1,033,550
    1,000,000 UNITS FORD MOTOR CREDIT CO 7.8% 06/01/20127.800% DUE 06-01-12 1,070,547 1,063,130
    800,000 UNITS FORD MOTOR CREDIT CO 7.5% 08/01/20127.500% DUE 08-01-12 846,375 850,567
    ACCRUED INTEREST 0 44,792

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Name of Stock End of Year Book Value End of Year Fair Market Value
    680 UNITS FORD COMMON 49 11,417
    5,000 UNITS 3M COMPANY 433,817 431,500
    13,000 UNITS A123 SYSTEMS INC 0 0
    3,500 UNITS ALCON INC 0 0
    3,250 UNITS ALLERGAN INC 238,417 223,178
    2,000 UNITS AMERICAN EXPRESS CR 72,573 85,840
    2,600 UNITS ANADARKO PETE CORP 0 0
    2,000 UNITS APPLE COMPUTER INC 93,783 645,120
    33,500 UNITS APPLIED MATERIALS INC 0 0
    13,500 UNITS ARCHER DANIELS MIDLAND CO 0 0
    4,000 UNITS AUTOLIV INC 324,315 315,760
    9,000 UNITS BARRICK GOLD CORP 491,205 478,620
    5,200 UNITS BOEING CO 0 0
    14,000 UNITS BRISTOL MYERS SQUIBB CO 314,205 370,720
    10,000 UNITS CATERPILLAR INC 473,335 936,600
    4,000 UNITS CELGENE CORP 183,244 236,560
    10,000 UNITS CHESAPEAKE ENERGY CORP 0 0
    5,000 UNITS CHURCH & DWIGHT CO INC 339,362 345,100
    10,000 UNITS CISCO SYSTEMS INC 168,229 202,300
    3,000 UNITS CITRIX SYS INC 200,934 205,230
    4,100 UNITS CLOROX CO 0 0
    6,500 UNITS COCA COLA CO 362,919 427,504
    8,000 UNITS CONOCOPHILLIPS 0 0
    18,000 UNITS CORNING INCORPORATED 279,747 347,760
    8,000 UNITS COSTCO WHOLESALE CORP 443,346 577,680
    4,000 UNITS CUMMINS INC. 0 0
    3,800 UNITS DEERE & CO 219,076 315,590
    5,000 UNITS DEVON ENERGY CORPORATION 349,029 392,550
    6,000 UNITS DIRECTV - CLASS A 221,927 239,580
    12,000 UNITS DISNEY WALT CO 435,764 450,120
    1,000 UNITS DUN & BRADSTREET CORP 81,478 82,090
    3,000 UNITS EBAY INC 90,715 83,490
    5,750 UNITS EDWARDS LIFESCIENCES CORP 461,498 464,830
    5,000 UNITS FEDEX CORP 303,220 465,050
    6,000 UNITS FMC TECHNOLOGIES INC 285,244 533,460
    5,000 UNITS FREEPORT-MCMORAN COPPER-B 327,067 600,450
    5,000 UNITS GENERAL ELEC CO 91,850 91,450
    4,000 UNITS GILEAD SCIENCES INC 117,343 144,960
    3,000 UNITS GIVEN IMAGING LTD 54,502 43,920
    650 UNITS GOOGLE INC-CL A 344,166 386,081
    14,000 UNITS HESS CORP 0 0
    4,500 UNITS IBM CORP 0 0
    4,000 UNITS ITC HOLDINGS CORP 223,321 247,920
    4,000 UNITS JOHNSON & JOHNSON 238,004 247,400
    5,000 KANSAS CITY S0UTHERN INDUSTRIES 0 0
    5,000 UNITS LEUCADIA NATIONAL CORP 142,085 145,900
    8,000 UNITS MCDONALDS CORP 467,747 614,080
    8,500 UNITS MONSANTO CO 541,399 591,940
    3,000 UNITS MOSAIC COMPANY 224,125 229,080
    3,000 UNITS MURPHY OIL CORP 227,359 223,650
    13,800 UNITS NATIONAL OILWELL VARCO 725,127 928,050
    1,400 UNITS NETFLIX INC 234,048 245,980
    5,000 UNITS NEWMONT MINING CORP 310,125 307,150
    5,000 UNITS NRG ENERGY INC 0 0
    16,500 UNITS NUCOR CORP 0 0
    25,000 UNITS ORACLE CORPORATION 0 0
    10,000 UNITS PEABODY ENERGY CORP 563,410 639,800
    3,000 UNITS PROCTER & GAMBLE CO 128,293 192,990
    5,000 UNITS REPUBLIC SERVICES INC 145,018 149,300
    4,000 UNITS SOTHEBY'S 179,811 180,000
    3,000 UNITS SOUTHERN COPPER CORP 137,432 146,220
    5,000 UNITS STANLEY BLACK & DECKER INC 0 0
    6,000 UNITS UNION PACIFIC CORP 394,085 555,960
    12,000 UNITS US BANCORP 300,743 323,640
    5,200 UNITS VISA INC - CLASS A SHARES 0 0
    5,000 UNITS WAL MART STORES INC 0 0
    17,000 UNITS WEYERHAEUSER CO 0 0
    8,000 UNITS WHOLE FOODS MARKET INC 0 0
    3,000 UNITS WHIRLPOOL CORP 270,535 266,490
    6,000 UNITS ANHEUSER-BUSCH INBEV SPN ADR 245,050 342,540
    500 UNITS BHP BILLITON LTD 0 0
    15,000 UNITS BOMBARDIER INC-B 72,260 75,300
    1,000 UNITS CADBURY PLC-SPONS ADR 0 0
    4,000 UNITS CANADIAN NATL RAILWAY CO 269,543 265,880
    5,000 UNITS DIAGEO PLC SPNSRD ADR NEW 371,748 371,650
    6,500 UNITS HSBC HLDG PLC SP ADR 339,648 331,760
    14,000 UNITS INTERBREW 0 0
    2,000 UNITS IVANHOE MINES LIMITED 47,375 45,840
    6,000 UNITS NESTLE SA REP RG SH ADR 230,629 352,428
    2,000 UNITS RIO TINTO PLC 140,866 143,320
    7,100 UNITS ROCHE HLDG LTD SPN ADR 0 0
    8,000 UNITS SCHLUMBERGER LTD 533,602 668,000
    9,000 UNITS TEVA PHARMACEUTICAL INDS LTD ADR 436,004 469,170
    10,000 UNITS TRANSOCEAN LTD 0 0
    20,000 UNITS VALE SA - SP ADR 0 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    10,000 UNITS PROSHARES ULTRASHORT S&P500 AT COST 0 0
    1,000,000 UNITS CANADA GOVT 1% = CAD RATE .974659% 09/01/20110.975% DUE 09-0 AT COST 969,080 1,007,960
    FORD MOTOR MONEY MARKET AT COST 24,764 24,763
    2,000 UNITS IVANHOE MINES LTD RTS AT COST 3,042 2,100
    PACIFIC FUND I, LP - 3.3864% INTEREST AT COST 5,997,872 6,403,969

    TY 2010 LegalFeesSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,989 3,995   3,994


    TY 2010 OtherAssetsSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OVERPAYMENT OF FEDERAL EXCISE TAX 3,737 0 0


    TY 2010 OtherExpensesSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES (ICIA) 90 90   0
    INVESTMENT FEES (RHB) 86,043 86,043   0
    FILING FEE 20 10   10


    TY 2010 OtherIncomeSchedule2
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME (RHB) 336 336 336
    FROM K-1 - PACIFIC FUND I, LP 5,284 5,284 5,284


    TY 2010 OtherLiabilitiesSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX ACCRUED 0 6,808


    TY 2010 TaxesSchedule
    Name:
    BENSON & EDITH FORD FUND
    EIN: 38-6066333
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 37,045 0   0
    FOREIGN TAX 7,605 7,605   0