TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
Zachary and Lindsey Gund Foundation

Number and street (or P.O. box number if mail is not delivered to street address)14 Nassau Street Room/suite

City or town, state, and ZIP code
Princeton, NJ08542

A Employer identification number

01-0752786

B Telephone number (see page 10 of the instructions)

(609) 921-3633

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,523,199J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	367,421
2	Check
3	Interest on savings and temporary cash investments	135		135
4	Dividends and interest from securities......	25,675		25,675
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		589
b	Gross sales price for all assets on line 6a 562,324
7	Capital gain net income (from Part IV, line 2)...			589
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	393,820		26,399
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		11,000	11,000	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		755	755	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		7,552	7,552	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	19,307		19,307	0
25	Contributions, gifts, grants paid........	83,860			83,860
26	Total expenses and disbursements. Add lines 24 and 25	103,167		19,307	83,860
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	290,653
b	Net investment income (if negative, enter -0-)			7,092
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	167,949	382,285	382,285
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........	984,308	1,060,625	1,140,914
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,152,257	1,442,910	1,523,199
	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 )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	1,152,257	1,442,910
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	1,152,257	1,442,910
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,152,257	1,442,910

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	1,152,257
2	Enter amount from Part I, line 27a......................	2	290,653
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	1,442,910
5	Decreases not included in line 2 (itemize)	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	1,442,910

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	SPRINT NEXTEL CORP		2008-04-11	2010-01-06
b	SPRINT NEXTEL CORP		2008-09-15	2010-01-06
c	SPRINT NEXTEL CORP		2008-09-15	2010-01-06
d	SPRINT NEXTEL CORP		2009-08-10	2010-01-06
e	SPRINT NEXTEL CORP		2009-08-10	2010-01-06
	***ACE LTD		2009-04-17	2010-01-07
	AK STEEL HOLDING CORP		2009-08-20	2010-01-12
	METLIFE INC		2009-01-22	2010-01-12
	METLIFE INC		2009-02-04	2010-01-12
	CELGENE CORP		2008-03-13	2010-01-13
	DELL INC		2009-07-15	2010-01-14
	HOME DEPOT INC		2009-01-23	2010-01-14
	VISA INC - CLASS A SHRS		2009-05-06	2010-01-15
	US BANCORP		2009-05-13	2010-01-19
	CHEVRON CORP		2009-01-23	2010-01-22
	CHEVRON CORP		2009-03-26	2010-01-22
	NEWS CORP		2009-01-14	2010-01-22
	NEWS CORP		2009-01-30	2010-01-22
	NEWS CORP		2009-01-30	2010-01-22
	***VODAFONE GROUP PLC-SP ADR		2009-04-28	2010-01-22
	WESTERN DIGITAL CORP		2008-08-25	2010-01-22
	OCCIDENTAL PETROLEUM CORP		2009-06-29	2010-01-25
	OCCIDENTAL PETROLEUM CORP		2009-06-29	2010-01-25
	OCCIDENTAL PETROLEUM CORP		2009-08-31	2010-01-25
	PFIZER INC		2006-06-13	2010-01-25
	PFIZER INC		2006-11-27	2010-01-25
	LOWE'S COS INC		2009-01-23	2010-01-26
	LOWE'S COS INC		2009-03-03	2010-01-26
	LOWE'S COS INC		2009-04-28	2010-01-26
	LOWE'S COS INC		2009-04-29	2010-01-26
	LOWE'S COS INC		2009-07-09	2010-01-26
	MERCK & CO. INC.		2008-06-19	2010-01-26
	TIME WARNER INC		2008-05-16	2010-01-27
	TIME WARNER INC		2008-10-01	2010-01-27
	TIME WARNER INC		2008-10-01	2010-01-27
	TIME WARNER INC		2008-12-08	2010-01-27
	WAL-MART STORES INC		2009-01-23	2010-01-28
	***BUNGE LTD		2009-01-23	2010-01-29
	OCCIDENTAL PETROLEUM CORP		2009-08-31	2010-01-29
	OCCIDENTAL PETROLEUM CORP		2009-09-04	2010-01-29
	UNITED PARCEL SERVICE-CL B		2009-09-14	2010-01-29
	UNITED PARCEL SERVICE-CL B		2009-09-21	2010-01-29
	***INGERSOLL-RAND PLC		2009-10-22	2010-02-01
	LOWE'S COS INC		2009-05-27	2010-02-01
	NATIONAL - OILWELL INC		2009-05-27	2010-02-02
	CME GROUP INC		2008-03-05	2010-02-04
	FEDEX CORP		2009-08-06	2010-02-04
	OCCIDENTAL PETROLEUM CORP		2009-09-04	2010-02-04
	OCCIDENTAL PETROLEUM CORP		2009-09-21	2010-02-04
	BANK OF NEW YORK MELLON CORP		2009-04-20	2010-02-05
	***INGERSOLL-RAND PLC		2009-10-22	2010-02-05
	NEWS CORP		2009-01-30	2010-02-05
	QUALCOMM INC		2008-07-28	2010-02-05
	QUALCOMM INC		2008-09-10	2010-02-05
	SYMANTEC CORP		2008-12-04	2010-02-09
	AIR PRODUCTS & CHEMICALS INC		2007-09-11	2010-02-11
	AIR PRODUCTS & CHEMICALS INC		2007-10-29	2010-02-11
	METLIFE INC		2009-02-04	2010-02-11
	TIME WARNER INC		2008-12-08	2010-02-11
	TIME WARNER INC		2009-01-07	2010-02-11
	QUALCOMM INC		2008-09-10	2010-02-12
	QUALCOMM INC		2008-09-29	2010-02-12
	QUALCOMM INC		2008-10-16	2010-02-12
	***TYCO ELECTRONICS LTD		2009-04-30	2010-02-12
	***TYCO ELECTRONICS LTD		2009-04-30	2010-02-12
	***TYCO ELECTRONICS LTD		2009-05-29	2010-02-12
	DU PONT (E.I.) DE NEMOURS		2009-05-28	2010-02-16
	DU PONT (E.I.) DE NEMOURS		2009-06-25	2010-02-16
	WESTERN DIGITAL CORP		2008-08-25	2010-02-17
	WESTERN DIGITAL CORP		2008-08-29	2010-02-17
	NORTHROP GRUMMAN CORP		2009-04-06	2010-02-18
	NORTHROP GRUMMAN CORP		2009-04-17	2010-02-18
	***VALE SA-SP ADR		2009-11-27	2010-02-18
	AT&T INC		2008-01-15	2010-02-19
	AIR PRODUCTS & CHEMICALS INC		2007-10-29	2010-02-19
	SCHLUMBERGER LTD		2007-09-11	2010-02-19
	SYMANTEC CORP		2008-12-04	2010-02-22
	SYMANTEC CORP		2009-02-24	2010-02-22
	SYMANTEC CORP		2009-03-12	2010-02-22
	WESTERN DIGITAL CORP		2008-08-29	2010-02-22
	***NEXEN INC		2009-05-27	2010-02-23
	UNUM GROUP		2009-04-30	2010-02-23
	QUALCOMM INC		2008-10-16	2010-02-24
	J.C. PENNEY CO INC		2008-11-10	2010-02-26
	J.C. PENNEY CO INC		2008-11-19	2010-02-26
	AIR PRODUCTS & CHEMICALS INC		2009-11-05	2010-03-01
	AIR PRODUCTS & CHEMICALS INC		2009-12-02	2010-03-01
	AETNA INC		2009-09-09	2010-03-08
	AETNA INC		2009-09-29	2010-03-08
	***ALCON INC		2008-01-15	2010-03-08
	***ALCON INC		2009-07-16	2010-03-08
	***ALCON INC		2009-07-27	2010-03-08
	AMERIPRISE FINANCIAL INC		2009-11-05	2010-03-08
	AT&T INC		2008-01-15	2010-03-08
	AT&T INC		2009-04-20	2010-03-08
	AT&T INC		2009-06-15	2010-03-08
	***ANHEUSER-BUSH INBEV SPN ADR		2009-11-06	2010-03-08
	APPLE INC		2007-11-15	2010-03-08
	ARCHER-DANIELS-MIDLAND CO		2009-01-20	2010-03-08
	ARCHER-DANIELS-MIDLAND CO		2009-02-02	2010-03-08
	BB&T CORP		2009-09-15	2010-03-08
	COSTCO WHOLESALE CORP		2008-02-27	2010-03-08
	COSTCO WHOLESALE CORP		2008-06-24	2010-03-08
	CAMERON INTERNATIONAL CORP		2008-04-18	2010-03-08
	CME GROUP INC		2008-09-24	2010-03-08
	CONOCOPHILLIPS		2007-09-11	2010-03-08
	CISCO SYSTEMS INC		2007-09-11	2010-03-08
	DEVON ENERGY CORPORATION		2009-01-28	2010-03-08
	DEVON ENERGY CORPORATION		2009-02-17	2010-03-08
	DEVON ENERGY CORPORATION		2009-03-25	2010-03-08
	DEVON ENERGY CORPORATION		2009-07-14	2010-03-08
	DEVON ENERGY CORPORATION		2009-10-12	2010-03-08
	DEVON ENERGY CORPORATION		2009-11-19	2010-03-08
	DANAHER CORP		2009-05-27	2010-03-08
	DU PONT (E.I.) DE NEMOURS		2009-06-25	2010-03-08
	EMC CORP/MASS		2009-07-27	2010-03-08
	***ENSCO PLC- SPON ADR		2009-05-18	2010-03-08
	***ENSCO PLC- SPON ADR		2010-02-16	2010-03-08
	FORTUNE BRANDS INC		2009-12-28	2010-03-08
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-03-08
	GOLDMAN SACHS GROUP INC		2008-12-18	2010-03-08
	GOOGLE INC-CL A		2007-09-11	2010-03-08
	GENERAL MILLS INC		2009-01-23	2010-03-08
	GILEAD SCIENCES INC		2007-02-08	2010-03-08
	GILEAD SCIENCES INC		2007-02-27	2010-03-08
	***INGERSOLL-RAND PLC		2009-06-09	2010-03-08
	HEWLETT-PACKARD CO		2008-01-15	2010-03-08
	HEWLETT-PACKARD CO		2008-04-22	2010-03-08
	ILLINOIS TOOL WORKS		2009-06-30	2010-03-08
	INTEL CORP		2009-06-12	2010-03-08
	JPMORGAN CHASE & CO		2009-01-23	2010-03-08
	JPMORGAN CHASE & CO		2009-04-03	2010-03-08
	JPMORGAN CHASE & CO		2009-04-03	2010-03-08
	JPMORGAN CHASE & CO		2009-05-27	2010-03-08
	JPMORGAN CHASE & CO		2009-06-24	2010-03-08
	JOHNSON CONTROLS INC		2009-08-10	2010-03-08
	KOHLS CORP		2008-09-22	2010-03-08
	LOWE'S COS INC		2009-07-09	2010-03-08
	MEDCO HEALTH SOLUTIONS INC		2008-04-24	2010-03-08
	MICROSOFT CORP		2009-11-03	2010-03-08
	MOTOROLA INC		2009-03-12	2010-03-08
	***NEXEN INC		2009-05-27	2010-03-08
	***NEXEN INC		2009-08-27	2010-03-08
	***NEXEN INC		2010-01-26	2010-03-08
	***NEXEN INC		2010-02-01	2010-03-08
	NEWS CORP		2009-01-30	2010-03-08
	NEWS CORP		2009-04-20	2010-03-08
	NEWS CORP		2009-07-02	2010-03-08
	NEWFIELD EXPLORATION CO		2010-02-23	2010-03-08
	***NOKIA CORP-SPON ADR		2008-11-20	2010-03-08
	***NOKIA CORP-SPON ADR		2009-01-23	2010-03-08
	NVR INC		2009-07-08	2010-03-08
	NORTHROP GRUMMAN CORP		2009-04-17	2010-03-08
	QUANTA SERVICES INC		2009-08-25	2010-03-08
	QUANTA SERVICES INC		2009-10-01	2010-03-08
	OCCIDENTAL PETROLEUM CORP		2009-09-21	2010-03-08
	PFIZER INC		2006-11-27	2010-03-08
	PFIZER INC		2006-11-30	2010-03-08
	QUALCOMM INC		2008-10-16	2010-03-08
	QUALCOMM INC		2009-01-23	2010-03-08
	SPX CORP		2009-07-28	2010-03-08
	STEEL DYNAMICS INC		2009-11-18	2010-03-08
	SUPERVALU INC		2009-10-20	2010-03-08
	SYMANTEC CORP		2009-03-12	2010-03-08
	SYMANTEC CORP		2009-03-19	2010-03-08
	TARGET CORP		2009-04-29	2010-03-08
	TRAVELERS COS INC/THE		2009-02-10	2010-03-08
	TIME WARNER INC		2009-01-07	2010-03-08
	TIME WARNER INC		2009-01-23	2010-03-08
	***TYCO ELECTRONICS LTD		2009-05-29	2010-03-08
	***TYCO ELECTRONICS LTD		2009-06-17	2010-03-08
	TIME WARNER CABLE		2004-06-28	2010-03-08
	TIME WARNER CABLE		2005-01-06	2010-03-08
	TIME WARNER CABLE		2007-09-11	2010-03-08
	TIME WARNER CABLE		2008-05-16	2010-03-08
	TIME WARNER CABLE		2008-10-01	2010-03-08
	TIME WARNER CABLE		2008-12-08	2010-03-08
	TIME WARNER CABLE		2009-01-07	2010-03-08
	***TEVA PHARMACEUTICAL-SP ADR		2008-04-18	2010-03-08
	***TEVA PHARMACEUTICAL-SP ADR		2008-07-28	2010-03-08
	US BANCORP		2009-05-13	2010-03-08
	VALERO ENERGY CORP		2009-07-21	2010-03-08
	VALERO ENERGY CORP		2009-08-11	2010-03-08
	VISA INC - CLASS A SHRS		2009-05-06	2010-03-08
	***VALE SA-SP ADR		2009-11-27	2010-03-08
	WELLS FARGO & COMPANY		2009-05-08	2010-03-08
	WAL-MART STORES INC		2009-01-23	2010-03-08
	XL CAPITAL LTD -CLASS A		2008-08-28	2010-03-08
	XL CAPITAL LTD -CLASS A		2008-09-16	2010-03-08
	XL CAPITAL LTD -CLASS A		2009-05-21	2010-03-08
	BERNSTEIN INTERMEDIATE		2009-09-22	2010-03-08
	BERNSTEIN EMERGING MARKETS		2007-12-11	2010-03-08
	BERNSTEIN INTERNATIONAL		2007-09-11	2010-03-08
	APPLE INC		2007-11-15	2010-03-12
	MORGAN STANLEY		2008-01-07	2010-03-12
	GOLDMAN SACHS GROUP INC		2008-09-10	2010-03-17
	GOLDMAN SACHS GROUP INC		2009-01-23	2010-03-17
	SUPERVALU INC		2009-10-20	2010-03-17
	MERCK & CO. INC.		2008-06-19	2010-03-19
	MERCK & CO. INC.		2008-07-03	2010-03-19
	MERCK & CO. INC.		2008-07-03	2010-03-19
	MERCK & CO. INC.		2008-07-28	2010-03-19
	MERCK & CO. INC.		2008-07-28	2010-03-19
	PFIZER INC		2006-11-30	2010-03-19
	PFIZER INC		2007-03-09	2010-03-19
	CBS CORP-CLASS B NON VOTING		2008-01-15	2010-03-22
	CBS CORP-CLASS B NON VOTING		2009-01-23	2010-03-22
	VALERO ENERGY CORP		2009-08-11	2010-03-23
	SPRINT NEXTEL CORP		2009-08-10	2010-03-24
	SPRINT NEXTEL CORP		2009-08-10	2010-03-24
	SPRINT NEXTEL CORP		2009-08-10	2010-03-24
	QUALCOMM INC		2009-01-23	2010-03-26
	QUALCOMM INC		2009-01-28	2010-03-26
	VALERO ENERGY CORP		2009-08-11	2010-03-26
	RRI ENERGY INC		2009-05-18	2010-03-29
	SUPERVALU INC		2009-10-20	2010-03-30
	CONOCOPHILLIPS		2007-09-11	2010-04-01
	CONOCOPHILLIPS		2008-01-28	2010-04-01
	CONOCOPHILLIPS		2008-01-28	2010-04-01
	CONOCOPHILLIPS		2009-10-07	2010-04-01
	***ROYAL CARIBBEAN CRUISES LTD		2010-01-20	2010-04-01
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-04-05
	AIR PRODUCTS & CHEMICALS INC		2009-12-02	2010-04-08
	AIR PRODUCTS & CHEMICALS INC		2009-12-29	2010-04-08
	***ANHEUSER-BUSH INBEV SPN ADR		2009-11-06	2010-04-09
	DELL INC		2009-07-15	2010-04-09
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-04-09
	DU PONT (E.I.) DE NEMOURS		2009-06-25	2010-04-12
	DU PONT (E.I.) DE NEMOURS		2009-06-30	2010-04-12
	FREEPORT-MCMORAN COPPER		2010-02-16	2010-04-12
	J.C. PENNEY CO INC		2008-11-19	2010-04-12
	J.C. PENNEY CO INC		2009-12-17	2010-04-12
	SPRINT NEXTEL CORP		2009-08-10	2010-04-13
	GOOGLE INC-CL A		2007-09-11	2010-04-15
	GOLDMAN SACHS GROUP INC		2008-12-22	2010-04-16
	GOLDMAN SACHS GROUP INC		2009-01-23	2010-04-16
	GOLDMAN SACHS GROUP INC		2009-08-31	2010-04-16
	***DEUTSCHE BANK AG-REGISTERED		2009-03-05	2010-04-19
	***DEUTSCHE BANK AG-REGISTERED		2009-05-11	2010-04-19
	OVERLAY A PORTFOLIO		2010-03-08	2010-04-19
	APPLE INC		2007-11-15	2010-04-20
	APPLE INC		2008-02-08	2010-04-20
	BANK OF AMERICA CORP		2009-12-07	2010-04-20
	BANK OF AMERICA CORP		2009-12-22	2010-04-20
	***TEVA PHARMACEUTICAL-SP ADR		2008-07-28	2010-04-20
	***ALCON INC		2009-07-27	2010-04-21
	***CREDIT SUISSE GROUP-SPON AD		2009-05-11	2010-04-21
	***CREDIT SUISSE GROUP-SPON AD		2009-09-17	2010-04-21
	GOLDMAN SACHS GROUP INC		2008-12-22	2010-04-21
	GOLDMAN SACHS GROUP INC		2009-01-23	2010-04-21
	GOLDMAN SACHS GROUP INC		2009-01-23	2010-04-21
	GOLDMAN SACHS GROUP INC		2009-01-30	2010-04-21
	AETNA INC		2009-09-29	2010-04-23
	AETNA INC		2009-10-14	2010-04-23
	APPLE INC		2008-02-08	2010-04-23
	BANK OF AMERICA CORP		2009-12-22	2010-04-23
	CONOCOPHILLIPS		2009-10-07	2010-04-23
	***ENSCO PLC- SPON ADR		2010-04-21	2010-04-23
	MERCK & CO. INC.		2008-07-28	2010-04-23
	MERCK & CO. INC.		2009-01-27	2010-04-23
	MERCK & CO. INC.		2009-02-10	2010-04-23
	MERCK & CO. INC.		2009-02-10	2010-04-23
	MERCK & CO. INC.		2009-03-24	2010-04-23
	QUALCOMM INC		2009-01-28	2010-04-23
	QUALCOMM INC		2009-03-31	2010-04-23
	SPX CORP		2009-07-28	2010-04-23
	SPRINT NEXTEL CORP		2009-08-10	2010-04-23
	DELL INC		2009-08-17	2010-04-26
	DELL INC		2009-11-23	2010-04-26
	QUALCOMM INC		2009-03-31	2010-04-27
	JPMORGAN CHASE & CO		2009-04-03	2010-04-28
	DU PONT (E.I.) DE NEMOURS		2009-06-30	2010-04-29
	ARCHER-DANIELS-MIDLAND CO		2009-02-02	2010-04-30
	GOLDMAN SACHS GROUP INC		2009-01-30	2010-04-30
	GOLDMAN SACHS GROUP INC		2009-05-27	2010-04-30
	GOLDMAN SACHS GROUP INC		2009-06-17	2010-04-30
	GOLDMAN SACHS GROUP INC		2009-10-07	2010-04-30
	GOLDMAN SACHS GROUP INC		2009-10-23	2010-04-30
	BAXTER INTERNATIONAL INC		2009-12-17	2010-05-03
	BAXTER INTERNATIONAL INC		2010-01-26	2010-05-03
	MEDCO HEALTH SOLUTIONS INC		2008-04-24	2010-05-03
	MERCK & CO. INC.		2009-03-24	2010-05-03
	PULTE GROUP INC		2009-08-06	2010-05-05
	BAXTER INTERNATIONAL INC		2010-01-26	2010-05-07
	JPMORGAN CHASE & CO		2009-04-03	2010-05-07
	OVERLAY A PORTFOLIO		2010-03-08	2010-05-07
	OVERLAY B PORTFOLIO		2010-03-08	2010-05-07
	BERNSTEIN INTERMEDIATE		2009-09-22	2010-05-07
	PRINCIPAL FINANCIAL GROUP		2009-10-19	2010-05-10
	FREEPORT-MCMORAN COPPER		2010-02-16	2010-05-12
	FREEPORT-MCMORAN COPPER		2010-02-17	2010-05-12
	FREEPORT-MCMORAN COPPER		2010-02-22	2010-05-12
	MOTOROLA INC		2009-03-12	2010-05-12
	MOTOROLA INC		2010-01-06	2010-05-12
	AK STEEL HOLDING CORP		2009-08-20	2010-05-13
	AK STEEL HOLDING CORP		2009-10-13	2010-05-13
	***DEUTSCHE BANK AG-REGISTERED		2009-05-11	2010-05-14
	***NOBLE CORP		2010-02-18	2010-05-17
	***ROYAL CARIBBEAN CRUISES LTD		2010-01-20	2010-05-17
	***ROYAL CARIBBEAN CRUISES LTD		2010-01-20	2010-05-17
	INTEL CORP		2009-06-12	2010-05-18
	SPRINT NEXTEL CORP		2009-08-10	2010-05-18
	***NOKIA CORP-SPON ADR		2009-01-23	2010-05-19
	AMERIPRISE FINANCIAL INC		2009-11-05	2010-05-20
	CIMAREX ENERGY CO		2009-07-28	2010-05-20
	ROWAN COMPANIES INC		2010-02-22	2010-05-20
	UNUM GROUP		2009-04-30	2010-05-20
	MACY'S INC		2007-04-30	2010-05-21
	MACY'S INC		2007-05-09	2010-05-21
	MACY'S INC		2007-06-04	2010-05-21
	MACY'S INC		2007-09-11	2010-05-21
	***RESEARCH IN MOTION		2010-03-10	2010-05-26
	SPRINT NEXTEL CORP		2009-08-10	2010-05-26
	APPLE INC		2008-02-08	2010-06-01
	***ARCELORMITTAL-NY REGISTERED		2009-08-05	2010-06-03
	DOVER CORP		2010-01-21	2010-06-03
	MICROSOFT CORP		2009-11-03	2010-06-03
	OVERLAY A PORTFOLIO		2010-03-08	2010-06-03
	OVERLAY B PORTFOLIO		2010-03-08	2010-06-03
	BERNSTEIN INTERMEDIATE		2009-09-22	2010-06-03
	INTEL CORP		2009-07-17	2010-06-08
	MERCK & CO. INC.		2009-03-24	2010-06-10
	MERCK & CO. INC.		2009-04-30	2010-06-10
	GENERAL ELECTRIC CO		2009-10-29	2010-06-11
	GENERAL ELECTRIC CO		2009-10-30	2010-06-11
	US BANCORP		2009-05-13	2010-06-11
	US BANCORP		2009-05-21	2010-06-11
	MORGAN STANLEY		2008-02-15	2010-06-14
	MORGAN STANLEY		2008-07-31	2010-06-14
	***TRANSOCEAN LTD		2010-03-10	2010-06-14
	***TRANSOCEAN LTD		2010-04-21	2010-06-14
	CIMAREX ENERGY CO		2009-07-28	2010-06-15
	ILLINOIS TOOL WORKS		2009-06-30	2010-06-17
	LIMITED BRANDS INC		2009-01-09	2010-06-21
	APPLE INC		2008-02-08	2010-06-23
	APPLE INC		2008-03-17	2010-06-23
	GENERAL ELECTRIC CO		2009-11-17	2010-06-23
	MACY'S INC		2007-09-11	2010-06-23
	MICROSOFT CORP		2009-11-04	2010-06-23
	NOBLE ENERGY INC		2010-01-26	2010-06-23
	NOBLE ENERGY INC		2010-01-26	2010-06-23
	NEWFIELD EXPLORATION CO		2010-02-23	2010-06-23
	EXXON MOBIL CORP		2010-05-13	2010-06-24
	EXXON MOBIL CORP		2010-05-20	2010-06-24
	CONOCOPHILLIPS		2009-10-07	2010-06-25
	CONOCOPHILLIPS		2009-11-06	2010-06-25
	FORD MOTOR CO		2009-11-06	2010-06-25
	GENERAL ELECTRIC CO		2009-11-17	2010-06-25
	GENERAL ELECTRIC CO		2009-12-17	2010-06-25
	EXXON MOBIL CORP		2010-05-20	2010-06-28
	SUPERVALU INC		2009-10-20	2010-06-30
	SUPERVALU INC		2009-12-03	2010-06-30
	GOOGLE INC-CL A		2007-09-11	2010-07-01
	***ENSCO PLC- SPON ADR		2010-04-21	2010-07-06
	***INGERSOLL-RAND PLC		2009-06-09	2010-07-06
	***INGERSOLL-RAND PLC		2009-07-22	2010-07-06
	SCHLUMBERGER LTD		2007-09-11	2010-07-06
	***NOKIA CORP-SPON ADR		2009-01-23	2010-07-07
	***NOKIA CORP-SPON ADR		2009-02-25	2010-07-07
	INTEL CORP		2009-07-17	2010-07-08
	AOL INC		2008-05-16	2010-07-09
	AOL INC		2008-10-01	2010-07-09
	AOL INC		2008-12-08	2010-07-09
	AOL INC		2009-01-07	2010-07-09
	AOL INC		2009-01-23	2010-07-09
	AOL INC		2009-04-20	2010-07-09
	AOL INC		2010-02-16	2010-07-09
	RELIANCE STEEL & ALUMINUM		2010-04-30	2010-07-09
	KLA-TENCOR CORPORATION		2009-09-14	2010-07-12
	CAPITAL ONE FINANCIAL CORP		2010-04-30	2010-07-13
	GOOGLE INC-CL A		2007-09-11	2010-07-13
	***ALCON INC		2009-07-27	2010-07-15
	INTEL CORP		2009-07-17	2010-07-15
	SCHLUMBERGER LTD		2007-09-11	2010-07-15
	SCHLUMBERGER LTD		2007-10-29	2010-07-15
	COSTCO WHOLESALE CORP		2008-12-04	2010-07-16
	HEWLETT-PACKARD CO		2008-04-22	2010-07-16
	PEPSICO INC		2007-11-23	2010-07-16
	PEPSICO INC		2008-10-16	2010-07-16
	OVERLAY A PORTFOLIO		2010-03-08	2010-07-16
	MICROSOFT CORP		2009-11-04	2010-07-20
	MICROSOFT CORP		2010-02-16	2010-07-20
	***TRANSOCEAN LTD		2010-04-21	2010-07-22
	***TRANSOCEAN LTD		2010-05-25	2010-07-22
	HEWLETT-PACKARD CO		2008-06-04	2010-07-26
	SPRINT NEXTEL CORP		2009-08-10	2010-07-28
	SPRINT NEXTEL CORP		2009-10-29	2010-07-28
	MOTOROLA INC		2010-01-06	2010-07-29
	MOTOROLA INC		2010-01-07	2010-07-29
	MOTOROLA INC		2010-01-29	2010-07-29
	MOTOROLA INC		2010-02-01	2010-07-29
	VALERO ENERGY CORP		2009-08-11	2010-07-30
	VALERO ENERGY CORP		2009-08-21	2010-07-30
	CAMERON INTERNATIONAL CORP		2008-04-18	2010-08-02
	CAMERON INTERNATIONAL CORP		2009-01-23	2010-08-02
	FRANKLIN RESOURCES INC		2007-09-11	2010-08-02
	CIMAREX ENERGY CO		2009-07-28	2010-08-03
	CIMAREX ENERGY CO		2009-11-19	2010-08-03
	COMCAST CORP-CL A		2009-12-31	2010-08-05
	MICROSOFT CORP		2010-02-16	2010-08-05
	CVS/CAREMARK CORP		2010-03-29	2010-08-06
	***ARCELORMITTAL-NY REGISTERED		2009-08-05	2010-08-12
	***COVIDIEN PLC		2009-12-03	2010-08-12
	INTEL CORP		2009-07-17	2010-08-12
	MERCK & CO. INC.		2009-05-21	2010-08-16
	TEXTRON INC		2009-07-21	2010-08-16
	PRINCIPAL FINANCIAL GROUP		2009-10-19	2010-08-17
	PRINCIPAL FINANCIAL GROUP		2009-10-19	2010-08-17
	PRINCIPAL FINANCIAL GROUP		2009-10-19	2010-08-17
	PRINCIPAL FINANCIAL GROUP		2010-04-05	2010-08-17
	ILLINOIS TOOL WORKS		2009-09-10	2010-08-18
	PROCTER & GAMBLE CO		2010-05-14	2010-08-19
	DANAHER CORP		2009-05-27	2010-08-23
	COSTCO WHOLESALE CORP		2008-12-04	2010-08-24
	COSTCO WHOLESALE CORP		2008-12-18	2010-08-24
	GILEAD SCIENCES INC		2007-02-27	2010-08-24
	GILEAD SCIENCES INC		2007-03-14	2010-08-24
	DEAN FOODS CO		2009-10-08	2010-08-26
	BANK OF AMERICA CORP		2009-12-07	2010-08-27
	BANK OF AMERICA CORP		2009-12-09	2010-08-27
	BANK OF AMERICA CORP		2009-12-22	2010-08-27
	BANK OF AMERICA CORP		2009-12-23	2010-08-27
	INTEL CORP		2009-07-17	2010-08-27
	VISA INC - CLASS A SHRS		2010-05-03	2010-08-30
	GOLDMAN SACHS GROUP INC		2009-08-31	2010-08-31
	GOLDMAN SACHS GROUP INC		2010-01-22	2010-08-31
	***TYCO ELECTRONICS LTD		2009-06-17	2010-08-31
	COMMUNITY HEALTH SYSTEMS INC		2010-04-20	2010-09-01
	GOLDMAN SACHS GROUP INC		2010-01-22	2010-09-02
	GOLDMAN SACHS GROUP INC		2010-01-25	2010-09-02
	FEDEX CORP		2010-05-03	2010-09-03
	FRANKLIN RESOURCES INC		2007-09-11	2010-09-03
	FRANKLIN RESOURCES INC		2007-11-23	2010-09-03
	HEWLETT-PACKARD CO		2008-06-04	2010-09-03
	TARGET CORP		2009-04-29	2010-09-03
	TARGET CORP		2009-06-17	2010-09-03
	MOTOROLA INC		2010-02-01	2010-09-07
	MOTOROLA INC		2010-02-08	2010-09-07
	PROCTER & GAMBLE CO		2010-05-17	2010-09-07
	GOOGLE INC-CL A		2007-09-11	2010-09-09
	WELLS FARGO & COMPANY		2010-04-16	2010-09-09
	WELLS FARGO & COMPANY		2010-04-19	2010-09-09
	HUNTSMAN CORP		2009-12-16	2010-09-13
	WELLS FARGO & COMPANY		2010-04-19	2010-09-13
	TARGET CORP		2009-06-17	2010-09-14
	COMCAST CORP-CL A		2009-12-31	2010-09-15
	HEWLETT-PACKARD CO		2008-06-04	2010-09-15
	HEWLETT-PACKARD CO		2008-07-09	2010-09-15
	HEWLETT-PACKARD CO		2008-07-09	2010-09-17
	WELLS FARGO & COMPANY		2010-04-22	2010-09-17
	COSTCO WHOLESALE CORP		2008-12-18	2010-09-22
	GILEAD SCIENCES INC		2007-03-14	2010-09-22
	GILEAD SCIENCES INC		2007-09-11	2010-09-22
	VISA INC - CLASS A SHRS		2010-05-03	2010-09-22
	VISA INC - CLASS A SHRS		2010-07-16	2010-09-22
	COMCAST CORP-CL A		2009-12-31	2010-09-27
	COMCAST CORP-CL A		2010-05-06	2010-09-27
	PROCTER & GAMBLE CO		2010-05-20	2010-09-27
	PROCTER & GAMBLE CO		2010-05-21	2010-09-27
	PROCTER & GAMBLE CO		2010-06-15	2010-09-27
	SARA LEE CORP		2010-03-31	2010-09-29
	SARA LEE CORP		2010-04-30	2010-09-29
	INTEL CORP		2009-07-17	2010-09-30
	INTEL CORP		2009-09-17	2010-09-30
	FRANKLIN RESOURCES INC		2007-11-23	2010-10-01
	HEWLETT-PACKARD CO		2008-07-09	2010-10-01
	TARGET CORP		2009-06-17	2010-10-01
	TARGET CORP		2009-10-26	2010-10-01
	VISA INC - CLASS A SHRS		2010-07-16	2010-10-01
	GILEAD SCIENCES INC		2007-09-11	2010-10-04
	KLA-TENCOR CORPORATION		2009-09-14	2010-10-05
	KLA-TENCOR CORPORATION		2010-04-22	2010-10-05
	TIME WARNER INC		2009-01-23	2010-10-05
	COSTCO WHOLESALE CORP		2008-12-18	2010-10-06
	COSTCO WHOLESALE CORP		2009-01-23	2010-10-06
	HEWLETT-PACKARD CO		2009-01-23	2010-10-06
	EMC CORP/MASS		2009-07-27	2010-10-07
	EMC CORP/MASS		2009-08-10	2010-10-07
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-10-07
	ROSS STORES INC		2010-02-26	2010-10-07
	ROSS STORES INC		2010-03-12	2010-10-07
	HEWLETT-PACKARD CO		2009-01-23	2010-10-08
	TARGET CORP		2009-10-26	2010-10-08
	TARGET CORP		2009-11-12	2010-10-08
	TIME WARNER INC		2009-01-23	2010-10-11
	TIME WARNER INC		2009-04-20	2010-10-11
	DOVER CORP		2010-02-09	2010-10-12
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-10-14
	FREEPORT-MCMORAN COPPER		2010-02-22	2010-10-14
	FREEPORT-MCMORAN COPPER		2010-02-25	2010-10-14
	JUNIPER NETWORKS INC		2010-08-25	2010-10-14
	OVERLAY A PORTFOLIO		2010-03-08	2010-10-14
	FORD MOTOR CO		2010-02-03	2010-10-15
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-10-15
	FREEPORT-MCMORAN COPPER		2010-02-25	2010-10-15
	DOVER CORP		2010-02-09	2010-10-18
	DOVER CORP		2010-02-19	2010-10-18
	APPLE INC		2008-03-17	2010-10-19
	DOVER CORP		2010-02-19	2010-10-19
	BANK OF AMERICA CORP		2009-12-23	2010-10-20
	BANK OF AMERICA CORP		2010-01-25	2010-10-20
	ILLINOIS TOOL WORKS		2009-09-10	2010-10-20
	ILLINOIS TOOL WORKS		2009-09-17	2010-10-20
	PEPSICO INC		2008-10-16	2010-10-20
	COMCAST CORP-CL A		2010-05-06	2010-10-21
	***ALCON INC		2009-07-27	2010-10-22
	KLA-TENCOR CORPORATION		2010-04-22	2010-10-22
	PEPSICO INC		2009-02-10	2010-10-22
	***TYCO ELECTRONICS LTD		2009-08-21	2010-10-22
	FEDEX CORP		2010-05-03	2010-10-25
	FEDEX CORP		2010-08-03	2010-10-25
	COSTCO WHOLESALE CORP		2009-01-23	2010-10-27
	TARGET CORP		2009-11-12	2010-10-28
	***TEVA PHARMACEUTICAL-SP ADR		2008-07-28	2010-10-28
	COMCAST CORP-CL A		2010-05-06	2010-10-29
	KLA-TENCOR CORPORATION		2010-04-22	2010-10-29
	***COVIDIEN PLC		2010-01-22	2010-11-02
	***COVIDIEN PLC		2010-01-26	2010-11-02
	FREEPORT-MCMORAN COPPER		2010-07-07	2010-11-03
	POLO RALPH LAUREN CORP		2010-06-24	2010-11-04
	TIME WARNER CABLE		2009-01-07	2010-11-04
	TIME WARNER CABLE		2009-01-23	2010-11-04
	DOVER CORP		2010-02-19	2010-11-05
	DOVER CORP		2010-04-29	2010-11-05
	***GARMIN LTD		2009-11-13	2010-11-08
	PEPSICO INC		2009-02-10	2010-11-08
	PEPSICO INC		2009-03-06	2010-11-08
	HEWLETT-PACKARD CO		2009-01-23	2010-11-09
	HEWLETT-PACKARD CO		2010-04-06	2010-11-09
	ILLINOIS TOOL WORKS		2009-09-17	2010-11-09
	ILLINOIS TOOL WORKS		2009-10-26	2010-11-09
	POLO RALPH LAUREN CORP		2010-06-24	2010-11-09
	CBS CORP-CLASS B NON VOTING		2009-01-23	2010-11-11
	FORD MOTOR CO		2010-02-03	2010-11-11
	COMCAST CORP-CL A		2010-05-06	2010-11-16
	PROCTER & GAMBLE CO		2010-06-24	2010-11-16
	PROCTER & GAMBLE CO		2010-06-25	2010-11-16
	KOHLS CORP		2009-01-23	2010-11-17
	PEPSICO INC		2009-03-06	2010-11-17
	COSTCO WHOLESALE CORP		2009-01-23	2010-11-19
	COSTCO WHOLESALE CORP		2009-03-25	2010-11-19
	D R HORTON INC		2009-06-30	2010-11-19
	ILLINOIS TOOL WORKS		2009-10-26	2010-11-19
	TARGET CORP		2009-11-12	2010-11-19
	BANK OF AMERICA CORP		2010-01-25	2010-11-23
	BANK OF AMERICA CORP		2010-01-27	2010-11-23
	BANK OF AMERICA CORP		2010-03-31	2010-11-23
	BANK OF AMERICA CORP		2010-06-14	2010-11-23
	BANK OF AMERICA CORP		2010-07-01	2010-11-23
	FORD MOTOR CO		2009-11-06	2010-11-23
	FORD MOTOR CO		2009-11-17	2010-11-23
	PROCTER & GAMBLE CO		2010-06-30	2010-11-23
	PROCTER & GAMBLE CO		2010-08-02	2010-11-23
	ALTRIA GROUP INC		2009-07-10	2010-11-24
	APPLE INC		2008-03-17	2010-11-29
	ROWAN COMPANIES INC		2010-02-22	2010-11-29
	ROWAN COMPANIES INC		2010-03-25	2010-11-29
	DANAHER CORP		2009-05-27	2010-12-01
	PULTE GROUP INC		2009-08-06	2010-12-01
	TIME WARNER CABLE		2009-01-23	2010-12-02
	TIME WARNER CABLE		2009-01-23	2010-12-02
	D R HORTON INC		2009-06-30	2010-12-03
	MOTOROLA INC		2010-02-08	2010-12-03
	MOTOROLA INC		2010-02-10	2010-12-03
	CELGENE CORP		2008-03-13	2010-12-06
	CELGENE CORP		2009-01-28	2010-12-06
	CELGENE CORP		2010-05-12	2010-12-06
	CELGENE CORP		2010-08-09	2010-12-06
	FREEPORT-MCMORAN COPPER		2009-08-05	2010-12-06
	FREEPORT-MCMORAN COPPER		2010-08-19	2010-12-06
	GILEAD SCIENCES INC		2007-09-11	2010-12-06
	JUNIPER NETWORKS INC		2010-08-25	2010-12-06
	MICROSOFT CORP		2010-02-16	2010-12-06
	MICROSOFT CORP		2010-02-23	2010-12-06
	***SUNCOR ENERGY INC		2009-10-14	2010-12-06
	VERTEX PHARMACEUTICALS INC		2009-11-16	2010-12-06
	OVERLAY A PORTFOLIO		2010-03-08	2010-12-06
	BERNSTEIN EMERGING MARKETS		2007-12-11	2010-12-06
	BERNSTEIN EMERGING MARKETS		2008-09-03	2010-12-06
	BERNSTEIN EMERGING MARKETS		2008-12-01	2010-12-06
	BERNSTEIN INTERNATIONAL		2007-09-11	2010-12-06
	AT&T INC		2009-06-15	2010-12-08
	AT&T INC		2009-06-24	2010-12-08
	GILEAD SCIENCES INC		2007-09-11	2010-12-08
	ILLINOIS TOOL WORKS		2009-10-26	2010-12-09
	ILLINOIS TOOL WORKS		2009-11-20	2010-12-09
	PEPCO HOLDINGS INC		2010-03-16	2010-12-09
	ARCHER-DANIELS-MIDLAND CO		2010-11-19	2010-12-13
	KOHLS CORP		2009-01-23	2010-12-13
	***TEVA PHARMACEUTICAL-SP ADR		2008-07-28	2010-12-13
	VERTEX PHARMACEUTICALS INC		2009-11-16	2010-12-14
	***COVIDIEN PLC		2010-01-26	2010-12-15
	***ALCON INC		2009-07-27	2010-12-17
	HEWLETT-PACKARD CO		2010-04-06	2010-12-17
	HEWLETT-PACKARD CO		2010-05-05	2010-12-17
	GILEAD SCIENCES INC		2007-09-11	2010-12-20
	GILEAD SCIENCES INC		2007-10-17	2010-12-20
	***ALCON INC		2009-07-27	2010-12-22
	AT&T INC		2009-06-24	2010-12-22
	COMCAST CORP-CL A		2010-05-06	2010-12-22
	COMCAST CORP-CL A		2010-05-07	2010-12-22
	***COVIDIEN PLC		2010-01-26	2010-12-22
	CONOCOPHILLIPS		2009-11-06	2010-12-22
	CONOCOPHILLIPS		2009-11-17	2010-12-22
	HESS CORP		2010-07-29	2010-12-22
	***ROYAL CARIBBEAN CRUISES LTD		2010-01-20	2010-12-22
	PEPSICO INC		2009-03-06	2010-12-30
	PEPSICO INC		2009-07-16	2010-12-30
	CABLEVISION SYS CORP		2010-05-07	2010-12-31
	Capital Gains Dividends	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	832	1,306	-474
b	312	511	-199
c	104	170	-66
d	104	93	11
e	208	185	23
	907	864	43
	730	614	116
	193	124	69
	387	292	95
	1,381	1,370	11
	745	614	131
	1,841	1,405	435
	788	602	185
	857	614	243
	377	350	27
	753	704	50
	1,530	981	549
	255	130	125
	64	33	31
	1,202	994	208
	621	421	200
	156	132	24
	1,559	1,323	236
	624	581	43
	855	1,046	-191
	285	404	-119
	243	220	23
	420	267	153
	110	104	7
	88	87	1
	22	19	3
	577	535	42
	322	414	-91
	81	83	-3
	349	361	-12
	591	430	161
	843	770	73
	1,503	1,129	374
	787	726	61
	394	361	33
	700	708	-8
	583	582	1
	658	698	-40
	438	395	44
	851	744	107
	1,075	2,034	-959
	1,352	1,137	215
	385	361	24
	308	304	4
	931	1,047	-116
	481	524	-43
	642	326	316
	945	1,360	-415
	567	700	-133
	852	568	284
	274	352	-78
	479	690	-211
	518	438	80
	299	215	84
	381	308	73
	194	233	-40
	581	651	-70
	194	186	7
	1,629	1,102	527
	125	85	41
	501	340	161
	976	828	149
	325	251	74
	211	140	71
	211	137	74
	1,511	1,109	401
	906	720	187
	566	576	-10
	1,256	1,896	-640
	557	789	-231
	636	991	-355
	423	284	139
	593	495	98
	423	340	83
	1,065	686	378
	560	571	-11
	522	408	114
	1,138	1,118	20
	555	405	149
	555	311	244
	413	476	-63
	757	923	-166
	312	290	22
	312	285	27
	977	886	90
	814	613	201
	651	515	136
	1,506	1,298	209
	1,011	1,517	-505
	632	642	-10
	1,264	1,227	37
	490	484	6
	2,191	1,661	530
	764	641	124
	611	537	74
	574	557	18
	303	322	-18
	1,213	1,371	-158
	876	982	-106
	626	756	-130
	2,283	3,697	-1,414
	1,045	1,279	-234
	2,091	1,929	161
	697	492	205
	1,045	745	300
	1,463	1,103	360
	627	625	2
	1,045	1,043	3
	766	611	155
	1,415	1,005	410
	461	376	85
	1,153	816	337
	1,153	1,038	114
	1,161	1,075	86
	1,209	967	243
	1,189	556	633
	2,250	2,079	171
	722	592	130
	564	432	132
	1,081	832	249
	1,361	908	453
	1,293	1,130	164
	776	722	54
	933	747	187
	1,454	1,133	321
	511	275	237
	383	251	132
	2,257	1,480	777
	2,257	1,923	334
	426	334	92
	640	522	118
	1,089	974	115
	1,677	1,322	355
	568	452	115
	573	552	20
	1,209	613	596
	468	457	11
	701	599	102
	1,403	1,291	112
	468	447	21
	1,785	815	970
	1,428	781	647
	71	44	28
	790	723	67
	425	390	35
	779	678	102
	753	481	271
	642	480	162
	1,023	1,279	-256
	465	538	-73
	489	456	33
	260	404	-144
	434	689	-255
	194	186	8
	582	540	42
	499	434	65
	1,347	1,237	110
	646	677	-31
	676	544	132
	845	700	146
	1,337	1,022	315
	1,668	1,236	432
	61	44	17
	858	538	320
	518	340	178
	388	296	93
	147	23	124
	392	494	-102
	245	333	-88
	490	537	-47
	196	169	27
	392	245	147
	98	67	31
	423	329	95
	605	460	145
	500	351	149
	687	626	61
	196	183	14
	544	401	142
	457	432	24
	722	550	172
	487	433	54
	484	501	-18
	774	662	112
	581	291	289
	70,035	68,266	1,769
	11,470	16,455	-4,985
	26,360	48,289	-21,929
	454	332	121
	753	1,219	-467
	1,062	953	108
	708	282	426
	438	423	14
	153	143	11
	613	615	-2
	345	346	-1
	191	162	29
	613	519	94
	432	689	-257
	432	636	-204
	421	711	-290
	491	222	269
	1,417	1,278	139
	385	352	33
	61	56	5
	20	19	2
	418	360	58
	627	544	84
	493	456	36
	608	749	-142
	504	508	-4
	1,553	2,464	-911
	1,035	1,502	-466
	518	751	-233
	777	734	42
	502	402	99
	788	580	208
	296	336	-40
	739	827	-87
	775	726	49
	939	737	202
	511	387	124
	389	251	138
	584	386	198
	851	754	97
	156	78	78
	937	821	116
	1,092	963	130
	595	520	76
	1,294	635	658
	1,455	635	820
	970	980	-10
	1,836	607	1,230
	1,028	795	233
	270	262	8
	491	332	158
	491	248	243
	556	485	71
	185	154	32
	560	414	146
	635	515	120
	2,030	1,642	389
	1,015	1,112	-96
	320	159	161
	160	71	90
	160	71	90
	320	165	155
	1,858	1,709	150
	619	523	97
	811	372	439
	460	384	76
	578	490	88
	517	483	34
	142	130	12
	888	711	178
	568	473	96
	320	266	54
	391	275	116
	380	362	18
	190	196	-6
	866	705	161
	541	463	78
	1,709	1,386	323
	256	220	36
	762	783	-21
	644	419	225
	1,819	1,158	661
	2,256	2,148	107
	1,167	662	505
	3,646	3,613	34
	1,458	1,429	30
	583	758	-174
	729	911	-182
	807	988	-181
	142	177	-35
	926	804	121
	353	250	103
	445	420	25
	450	590	-140
	605	419	187
	5,800	5,977	-177
	2,800	2,797	3
	15,900	15,328	572
	751	736	15
	1,087	1,131	-44
	725	750	-25
	217	231	-14
	702	350	351
	386	437	-51
	663	812	-149
	415	502	-88
	972	909	63
	853	1,058	-205
	773	671	102
	155	134	20
	863	648	216
	375	296	79
	1,713	2,095	-382
	975	927	48
	1,728	926	802
	807	874	-67
	964	734	230
	314	667	-352
	314	657	-343
	524	1,008	-484
	1,362	1,912	-550
	725	888	-163
	420	315	105
	1,055	496	559
	580	757	-177
	1,142	1,125	17
	537	552	-15
	8,500	8,716	-216
	2,330	2,310	20
	3,800	3,682	118
	601	560	41
	243	175	67
	971	665	306
	1,159	1,108	51
	1,236	1,169	67
	582	438	144
	931	720	211
	644	1,059	-415
	258	396	-138
	918	1,713	-795
	230	451	-222
	320	137	183
	920	747	173
	865	336	529
	271	124	147
	542	251	291
	700	718	-18
	702	1,030	-327
	381	422	-41
	437	543	-106
	62	78	-15
	528	482	46
	1,332	1,424	-92
	182	183	-2
	521	490	31
	52	52	0
	741	533	208
	374	399	-25
	300	317	-17
	1,471	1,529	-57
	221	338	-117
	332	424	-91
	441	520	-79
	416	483	-67
	1,175	795	381
	336	233	103
	560	991	-431
	218	308	-90
	436	497	-61
	902	840	61
	41	69	-28
	20	33	-12
	61	48	13
	41	26	15
	122	93	28
	81	65	17
	446	526	-80
	750	992	-242
	738	866	-129
	441	447	-6
	492	520	-28
	464	386	78
	852	747	105
	289	495	-207
	231	399	-168
	386	365	21
	465	481	-17
	312	376	-64
	500	414	86
	196	199	-3
	623	703	-80
	249	283	-34
	239	451	-212
	478	524	-45
	462	468	-5
	787	592	195
	984	657	327
	157	159	-2
	1,375	1,412	-38
	589	465	124
	432	346	86
	170	183	-13
	1,272	1,386	-114
	204	246	-41
	1,022	531	491
	831	1,004	-173
	633	309	325
	704	466	238
	665	595	70
	505	565	-60
	741	925	-184
	758	946	-189
	756	953	-197
	488	467	21
	869	612	258
	807	484	323
	69	88	-19
	253	324	-71
	23	29	-6
	1,036	1,345	-310
	642	651	-8
	1,087	1,126	-39
	548	458	89
	164	156	8
	328	324	3
	226	253	-28
	258	276	-18
	591	1,148	-558
	1,134	1,455	-321
	1,008	1,237	-229
	63	77	-14
	252	305	-53
	1,007	1,027	-20
	561	719	-159
	1,921	2,287	-366
	549	627	-78
	1,108	927	181
	1,214	1,878	-664
	139	157	-17
	557	629	-71
	747	827	-80
	102	125	-23
	613	712	-100
	765	889	-124
	529	409	120
	159	116	42
	157	126	31
	314	264	50
	420	442	-22
	479	520	-40
	180	228	-48
	257	326	-68
	1,011	1,084	-73
	791	977	-186
	432	310	122
	359	340	19
	279	327	-49
	199	214	-15
	395	428	-34
	519	670	-151
	434	378	56
	433	414	19
	108	115	-6
	140	180	-39
	702	728	-26
	92	85	7
	459	469	-10
	307	311	-5
	1,226	1,231	-5
	920	923	-3
	886	906	-20
	613	640	-26
	96	93	3
	481	485	-3
	429	475	-46
	406	428	-23
	214	155	59
	214	196	18
	367	364	3
	354	382	-28
	351	346	4
	175	170	5
	761	480	281
	255	216	39
	191	140	51
	407	357	50
	391	300	91
	293	227	67
	457	322	134
	1,106	978	127
	829	791	39
	411	357	54
	325	294	31
	163	148	15
	408	250	159
	220	146	74
	484	378	106
	397	258	140
	696	539	157
	99	72	27
	791	662	129
	208	194	14
	480	404	77
	392	258	134
	882	650	232
	587	462	125
	214	184	30
	932	376	556
	422	368	54
	118	153	-35
	646	828	-182
	234	217	17
	701	663	38
	783	621	162
	588	563	25
	502	386	116
	361	340	21
	456	357	99
	470	354	116
	90	92	-2
	537	501	36
	377	280	96
	419	394	24
	573	506	67
	413	376	37
	715	680	35
	399	508	-109
	199	255	-56
	1,645	1,040	605
	495	384	111
	125	67	58
	872	421	451
	165	138	27
	551	528	24
	764	750	14
	521	408	113
	195	139	56
	222	179	43
	444	538	-94
	483	442	41
	242	236	5
	707	538	169
	1,523	571	952
	410	288	121
	509	469	39
	637	611	25
	955	904	52
	419	301	118
	383	278	105
	266	187	79
	133	93	40
	473	423	50
	709	709	0
	387	345	42
	780	1,054	-274
	557	751	-194
	279	446	-167
	502	707	-205
	279	339	-61
	395	190	205
	395	223	172
	626	602	24
	626	618	8
	1,842	1,233	609
	627	251	376
	153	125	28
	763	665	98
	882	611	271
	581	1,080	-498
	324	270	54
	130	60	69
	872	751	121
	283	231	52
	808	665	143
	606	628	-22
	826	781	45
	495	537	-41
	551	569	-19
	221	129	92
	221	146	75
	625	649	-24
	513	397	116
	134	141	-7
	537	573	-36
	716	780	-64
	496	611	-116
	10,100	9,269	831
	304	379	-75
	3,894	3,600	294
	6,303	2,980	3,322
	12,800	22,575	-9,775
	1,428	1,227	201
	286	248	38
	375	382	-6
	757	709	48
	505	494	11
	1,816	1,724	92
	1,079	1,043	36
	641	452	190
	588	506	82
	513	611	-99
	453	510	-57
	973	772	201
	210	269	-59
	420	509	-90
	261	267	-7
	112	127	-15
	486	386	100
	871	744	126
	222	188	34
	222	185	38
	456	510	-54
	602	468	134
	802	642	161
	1,296	908	388
	464	268	196
	391	278	113
	261	229	32
	840	607	237
	2,331		2,331

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			-474
b			-199
c			-66
d			11
e			23
			43
			116
			69
			95
			11
			131
			435
			185
			243
			27
			50
			549
			125
			31
			208
			200
			24
			236
			43
			-191
			-119
			23
			153
			7
			1
			3
			42
			-91
			-3
			-12
			161
			73
			374
			61
			33
			-8
			1
			-40
			44
			107
			-959
			215
			24
			4
			-116
			-43
			316
			-415
			-133
			284
			-78
			-211
			80
			84
			73
			-40
			-70
			7
			527
			41
			161
			149
			74
			71
			74
			401
			187
			-10
			-640
			-231
			-355
			139
			98
			83
			378
			-11
			114
			20
			149
			244
			-63
			-166
			22
			27
			90
			201
			136
			209
			-505
			-10
			37
			6
			530
			124
			74
			18
			-18
			-158
			-106
			-130
			-1,414
			-234
			161
			205
			300
			360
			2
			3
			155
			410
			85
			337
			114
			86
			243
			633
			171
			130
			132
			249
			453
			164
			54
			187
			321
			237
			132
			777
			334
			92
			118
			115
			355
			115
			20
			596
			11
			102
			112
			21
			970
			647
			28
			67
			35
			102
			271
			162
			-256
			-73
			33
			-144
			-255
			8
			42
			65
			110
			-31
			132
			146
			315
			432
			17
			320
			178
			93
			124
			-102
			-88
			-47
			27
			147
			31
			95
			145
			149
			61
			14
			142
			24
			172
			54
			-18
			112
			289
			1,769
			-4,985
			-21,929
			121
			-467
			108
			426
			14
			11
			-2
			-1
			29
			94
			-257
			-204
			-290
			269
			139
			33
			5
			2
			58
			84
			36
			-142
			-4
			-911
			-466
			-233
			42
			99
			208
			-40
			-87
			49
			202
			124
			138
			198
			97
			78
			116
			130
			76
			658
			820
			-10
			1,230
			233
			8
			158
			243
			71
			32
			146
			120
			389
			-96
			161
			90
			90
			155
			150
			97
			439
			76
			88
			34
			12
			178
			96
			54
			116
			18
			-6
			161
			78
			323
			36
			-21
			225
			661
			107
			505
			34
			30
			-174
			-182
			-181
			-35
			121
			103
			25
			-140
			187
			-177
			3
			572
			15
			-44
			-25
			-14
			351
			-51
			-149
			-88
			63
			-205
			102
			20
			216
			79
			-382
			48
			802
			-67
			230
			-352
			-343
			-484
			-550
			-163
			105
			559
			-177
			17
			-15
			-216
			20
			118
			41
			67
			306
			51
			67
			144
			211
			-415
			-138
			-795
			-222
			183
			173
			529
			147
			291
			-18
			-327
			-41
			-106
			-15
			46
			-92
			-2
			31
			0
			208
			-25
			-17
			-57
			-117
			-91
			-79
			-67
			381
			103
			-431
			-90
			-61
			61
			-28
			-12
			13
			15
			28
			17
			-80
			-242
			-129
			-6
			-28
			78
			105
			-207
			-168
			21
			-17
			-64
			86
			-3
			-80
			-34
			-212
			-45
			-5
			195
			327
			-2
			-38
			124
			86
			-13
			-114
			-41
			491
			-173
			325
			238
			70
			-60
			-184
			-189
			-197
			21
			258
			323
			-19
			-71
			-6
			-310
			-8
			-39
			89
			8
			3
			-28
			-18
			-558
			-321
			-229
			-14
			-53
			-20
			-159
			-366
			-78
			181
			-664
			-17
			-71
			-80
			-23
			-100
			-124
			120
			42
			31
			50
			-22
			-40
			-48
			-68
			-73
			-186
			122
			19
			-49
			-15
			-34
			-151
			56
			19
			-6
			-39
			-26
			7
			-10
			-5
			-5
			-3
			-20
			-26
			3
			-3
			-46
			-23
			59
			18
			3
			-28
			4
			5
			281
			39
			51
			50
			91
			67
			134
			127
			39
			54
			31
			15
			159
			74
			106
			140
			157
			27
			129
			14
			77
			134
			232
			125
			30
			556
			54
			-35
			-182
			17
			38
			162
			25
			116
			21
			99
			116
			-2
			36
			96
			24
			67
			37
			35
			-109
			-56
			605
			111
			58
			451
			27
			24
			14
			113
			56
			43
			-94
			41
			5
			169
			952
			121
			39
			25
			52
			118
			105
			79
			40
			50
			0
			42
			-274
			-194
			-167
			-205
			-61
			205
			172
			24
			8
			609
			376
			28
			98
			271
			-498
			54
			69
			121
			52
			143
			-22
			45
			-41
			-19
			92
			75
			-24
			116
			-7
			-36
			-64
			-116
			831
			-75
			294
			3,322
			-9,775
			201
			38
			-6
			48
			11
			92
			36
			190
			82
			-99
			-57
			201
			-59
			-90
			-7
			-15
			100
			126
			34
			38
			-54
			134
			161
			388
			196
			113
			32
			237
			2,331

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	589
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 . . . . . . . . . . . . .		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? Yes No

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	57,900	829,974	0.069761
2008	61,892	921,489	0.067165
2007	88,212	875,772	0.100725
2006	56,889	855,465	0.066501
2005	36,300	599,332	0.060567

2	Total of line 1, column (d) ......................	2	0.364719
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	0.072944
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	99,407
5	Multiply line 4 by line 3.......................	5	7,251
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	71
7	Add lines 5 and 6.........................	7	7,322
8	Enter qualifying distributions from Part XII, line 4..............	8	83,860
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	71
	hereand 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	71
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	71
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	3,288
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,288
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,217
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax3,217	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses. Click to see attachment

Yes

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Theodore W Baker Telephone no. bullet

(609) 921-3633

Located at bullet

14 Nassau StreetPrincetonNJ ZIP+4 bullet

08542

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
G Zachary Gund	Trustee 0.50	0	0	0
14 Nassau Street Princeton,NJ08542	Trustee 0.50	0	0	0
Lindsey S Gund	Trustee 0.50	0	0	0
14 Nassau Street Princeton,NJ08542	Trustee 0.50	0	0	0

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...................				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............. bullet

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)

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........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

40,949

Average of monthly cash balances.......................

59,972

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

100,921

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

100,921

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

1,514

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

99,407

Minimum investment return. Enter 5% of line 5...................

4,970

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

4,970

Tax on investment income for 2010 from Part VI, line 5......

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

4,899

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

4,899

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

4,899

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

83,860

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

83,860

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

83,789

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)

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					4,899
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.......	6,638
b From 2006.......	15,505
c From 2007.......	45,847
d From 2008.......	15,818
e From 2009.......	16,401
fTotal of lines 3a through e.........		100,209
4Qualifying distributions for 2010 from Part
XII, line 4: $ 83,860
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.....					4,899
e Remaining amount distributed out of corpus		78,961
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		179,170
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) .............		6,638
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		172,532
10 Analysis of line 9:
a Excess from 2006....	15,505
b Excess from 2007....	45,847
c Excess from 2008....	15,818
d Excess from 2009....	16,401
e Excess from 2010....	78,961

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Bucknell University 701 Moore Avenue Lewisburg,PA178372030	None	501(c)(3)	To help further charitable purposes of organization.	250
Concord Art Association 37 Lexington Road Concord,MA01742	None	501(c)(3)	To help further charitable purposes of organization.	5,250
Cranberry Cup Charitable Association 30 Monument Square Suite 215 Concord,MA01742	None	501(c)(3)	To help further charitable purposes of organization.	4,000
Drumlin Farm Wildlife Sanctuary co Mass Audobon Society 208 South Great Road Lincoln,MA01773	None	501(c)(3)	To help further charitable purposes of organization.	21,150
Emerson Health Care 133 Old Road to Nine Acre Corner Concord,MA01742	None	501(c)(3)	To help further charitable purposes of organization.	100
Epiphany School 154 Centre Street Dorchester,MA02124	None	501(c)(3)	To help further charitable purposes of organization.	10,060
Foundation Fighting Blindness 265 Willard Street Quincy,MA02169	None	501(c)(3)	To help further charitable purposes of organization.	6,000
Groton School POBox 991 Groton,MA01450	None	501(c)(3)	To help further charitable purposes of organization.	5,750
Kellogg School of Management- Northwestern University 2001 Sheridan Road Evanston,IL60208	None	501(c)(3)	To help further charitable purposes of organization.	19,250
Nantucket Conservation Foundation PO Box 13 Nantucket,MA025540013	None	501(c)(3)	To help further charitable purposes of organization.	3,000
Nantucket Ice 3 Hinckley Lane Nantucket,MA025540013	None	501(c)(3)	To help further charitable purposes of organization.	1,500
On the Rise Inc 341 Broadway Cambridge,MA02139	None	501(c)(3)	To help further charitable purposes of organization.	250
Pingree School 537 Highland Street South Hamilton,MA019821399	None	501(c)(3)	To help further charitable purposes of organization.	500
Ron Burton Training Village PO Box 252 Hubbardstown,MA01452	None	501(c)(3)	To help further charitable purposes of organization.	2,500
Trout Unlimited 1300 N 17th Street Suite 500 Arlington,VA22209	None	501(c)(3)	To help further charitable purposes of organization.	100
University of Vermont 97 Speer Street Patrick Gymnasium Burlington,VT05405	None	501(c)(3)	To help further charitable purposes of organization.	1,000
Travis Roy Foundation 38 Main Street Andover,MA01810	None	501(c)(3)	To help further charitable purposes of organization.	2,000
Alcott Parent Teacher Group 148 Hawthorne Lane Concord,MA01742	None	501(c)(3)	To help further charitable purposes of organization.	500
Concord Carlisle 111 Old Road to Nine Acre Corner Concord,MA01742	None	501(c)(3)	To help further charitable purposes of organization.	50
Gaining Ground PO Box 374 Concord,MA01742	None	501(c)(3)	To help further charitable purposes of organization.	100
Heifer International 1 World Ave Little Rock,AK72202	None	501(c)(3)	To help further charitable purposes of organization.	50
Notre Dame Vision Walk 1234 N Eddy Street 201N South Bend,IN46617	None	501(c)(3)	To help further charitable purposes of organization.	500
Total ................................. 3a				83,860

bApproved for future payment
Drumlin Farm Wildlife Sanctuary co Mass Audobon Society 208 South Great Road Lincoln,MA01773	None	501(c)(3)	To help further charitable purposes of organization.	10,000
Groton School PO Box 991 Groton,MA01450	None	501(c)(3)	To help further charitable purposes of organization.	10,000
Total .................................. 3b				20,000

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	135
4 Dividends and interest from securities....			14	25,675
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			14	589
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		26,399	0

13Total. Add line 12, columns (b), (d), and (e)...................

1326,399

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of organization Zachary and Lindsey Gund Foundation
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 1 of 1 of Part I
Part I	Contributors (see Instructions)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
1	Gordon Llura Gund CLAT 4 14 Nassau Street Princeton, NJ 08542	$367,421	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Name of organization Zachary and Lindsey Gund Foundation
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 1 of 1 of Part II
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)

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Sanford Bernstein Management Fee	7,221	7,221		0
Bank Fees	331	331		0