Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
A G BISHOP CHARITABLE TRUST R68349001 4410056200
 

Number and street (or P.O. box number if mail is not delivered to street address)C/O JPMORGAN CHASE BANKNAPOBOX 3038   Room/suite
City or town, state, and ZIP code
MILWAUKEE, WI53201
A Employer identification number

38-6040693
B Telephone number (see page 10 of the instructions)

(414) 977-1210
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$10,798,375J 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 19 19  
4 Dividends and interest from securities...... 237,831 237,737  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 299,970
b Gross sales price for all assets on line 6a 4,996,288
7 Capital gain net income (from Part IV, line 2)... 325,716
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........ 537,820 563,472  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 87,489 65,617   21,872
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 985 0   985
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 8,510 2,594   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......   513    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 96,984 68,724   22,857
25 Contributions, gifts, grants paid........ 397,000 397,000
26 Total expenses and disbursements. Add lines 24 and 25 493,984 68,724   419,857
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 43,836
b Net investment income (if negative, enter -0-) 494,748
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............... 48,096 144,021 144,021
2 Savings and temporary cash investments.......... 37,185 307,248 307,248
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,004,800 Click to see attachment5,971,006 7,001,130
c Investments—corporate bonds (attach schedule)........ 3,233,151 Click to see attachment3,040,340 3,345,976
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,126,655    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,449,887 9,462,615 10,798,375
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 9,449,887 9,462,615
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 9,449,887 9,462,615
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,449,887 9,462,615
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 9,449,887
2 Enter amount from Part I, line 27a...................... 2 43,836
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2,930
4 Add lines 1, 2, and 3.......................... 4 9,496,653
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 34,038
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 9,462,615
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 SALES OF PUBLICLY TRADED SECURITIES      
b POWERSHARES DB - SCH K-1 P    
c POWERSHARES DB - SCH K-1 P    
d POWERSHARES DB - SCH K-1 SEC 1256 STRADDLES P    
e CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 4,993,269   4,696,318 296,951
b       92
c       1,185
d       24,469
e 3,019     3,019
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       296,951
b       92
c       1,185
d       24,469
e       3,019
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 2 325,716
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 495,459 9,203,914 0.053831
2008 600,964 10,565,216 0.056881
2007 541,400 12,281,836 0.044081
2006 552,548 11,566,736 0.047770
2005 581,547 11,426,030 0.050897
2 Total of line 1, column (d) ...................... 2 0.253460
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 0.050692
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 10,113,633
5 Multiply line 4 by line 3....................... 5 512,680
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,947
7 Add lines 5 and 6......................... 7 517,627
8 Enter qualifying distributions from Part XII, line 4.............. 8 419,857
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 9,895
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 9,895
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 9,895
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 7,254
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 7,254
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,641
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)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 ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (248) 645-7348
    Located atbullet1116 W LONG LAKE FL 2BLOOMFIELD HILLSMI ZIP+4bullet48302
    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
    15171
    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 bullet2009, 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.) Click to see attachment.........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JPMORGAN CHASE BANK NA CO-TRUSTEE
    2.00     		87,489 0 0
    PO BOX 3038
    MILWAUKEE,WI53201
    ROBERT J BELLAIRS CO-TRUSTEE
    2.00     		0 0 0
    C/O JPMORGAN CHASE BANK 1116 W LONG
    LAKE
    BLOOMFIELD HILLS,MI48302
    ELIZABETH WENTWORTH CO-TRUSTEE
    2.00     		0 0 0
    C/O JPMORGAN CHASE BANK 1116 W LONG
    LAKE
    BLOOMFIELD HILLS,MI48302
    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 N/A 0
    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 N/A 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    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
    9,832,684
    b
    Average of monthly cash balances.......................
    1b
    434,964
    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
    10,267,648
    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
    10,267,648
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    154,015
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,113,633
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    505,682
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    505,682
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    9,895
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,895
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    495,787
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    495,787
    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
    495,787
    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
    419,857
    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
    419,857
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    419,857
    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 7 495,787
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 437,832
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 419,857
    a Applied to 2009, but not more than line 2a 419,857
    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..... 0
    e Remaining amount distributed out of corpus 0
    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 0
    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 ...........     		17,975
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		495,787
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    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:
    JPMORGAN CHASE BANK NA
    125 S MAIN STREET
    ANN ARBOR,MI481041902
    (734) 995-8185
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITTEN FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    QUALIFIED TAX-EXEMPT ORGANIZATIONS
    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
    BIG BROTHERS - BIG SISTERS OF GREATER FLINT
    902 E 6TH ST
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 10,000
    BOYS & GIRLS CLUB OF GREATER FLINT
    3701 N AVERILL AVENUE
    FLINT,MI48506     		NONE PUBLIC PROGRAM SUPPORT 4,000
    CATHOLIC CHARITIES OF SHIAWASSEE & GENESEE COUNTIES
    901 CHIPPEWA ST
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 2,000
    COMMUNITY RESOLUTION CENTER
    315 E COURT ST
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 2,500
    CRIM FITNESS FOUNDATION
    452 SAGINAW STE 1
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 10,000
    FLINT COMMUNITY SCHOOLS
    601 CRAPO STREET
    FLINT,MI485031900     		NONE PUBLIC PROGRAM SUPPORT 5,000
    FLINT CULTURAL CENTER CORPORATION
    601 E SECOND STREET
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 100,000
    FLOYD J MCCREE THEATRE & FINE ARTS CENTRE
    322 E HAMILTON AVENUE
    FLINT,MI48505     		NONE PUBLIC PROGRAM SUPPORT 10,000
    FOOD BANK OF EASTERN MICHIGAN
    2310 LAPEER ROAD
    FLINT,MI485034221     		NONE PUBLIC PROGRAM SUPPORT 3,000
    FOUNDATION FOR MOTT COMMUNITY COLLEGE
    1401 E COURT STREET
    FLINT,MI485032089     		NONE PUBLIC PROGRAM SUPPORT 20,000
    GENESEE COUNTY FREE MEDICAL CLINIC
    2437 WELCH BOULEVARD
    FLINT,MI48504     		NONE PUBLIC PROGRAM SUPPORT 7,500
    GENESEE COUNTY HABITAT FOR HUMANITY
    G-5191 SOUTH SAGINAW STREET
    FLINT,MI48507     		NONE PUBLIC PROGRAM SUPPORT 10,000
    GENESEE COUNTY HISTORICAL SOCIETY & MUSEUM
    316 WATER ST
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 10,000
    GENESYS HEALTH FOUNDATION
    302 KENSINGTON
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 2,000
    GREATER FLINT ARTS COUNCIL
    816 SOUTH SAGINAW STREET
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 5,000
    HAYSTACK MOUNTAIN SCHOOL OF CRAFTS
    P O BOX 518
    DEER ISLE,MI04627     		NONE PUBLIC PROGRAM SUPPORT 2,500
    HURLEY FOUNDATION
    1 HURLEY PLAZA
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 3,000
    INSIGHT INC
    4413 CORUNNA RD
    FLINT,MI48532     		NONE PUBLIC PROGRAM SUPPORT 5,000
    JEWISH COMMUNITY SERVICES
    619 WALLENBURG
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 12,000
    JUNIOR ACHIEVEMENT INC
    503 SOUTH SAGINAW STREET
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 3,500
    LION'S VISUALLY IMPAIRED YOUTH CAMP
    C/O 5730 EXECUTIVE DR
    LANSING,MI48911     		NONE PUBLIC PROGRAM SUPPORT 3,000
    METRO HOUSING PARTNERSHIP INC
    503 S SAGINAW ST STE 510
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 7,500
    MOTHERLY INTERCESSION
    P O BOX 311109
    FLINT,MI48531     		NONE PUBLIC PROGRAM SUPPORT 3,500
    NGA INC
    30 E MEADOWLAWN
    BATTLE CREEK,MI49017     		NONE PUBLIC PROGRAM SUPPORT 1,500
    PRIORITY CHILDREN
    806 TUURI PLACE
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 6,000
    REGENTS OF THE UNIVERSITY OF MICHIGAN
    432 N SAGINAW ST STE 1001
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 5,000
    RESOURCE CENTER
    1401 S GRAND TRAVERSE
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 10,000
    ST PAUL'S PARISH IN CITY OF FLINT
    711 S SAGINAW ST
    FLINT,MI48502     		NONE PUBLIC PROGRAM SUPPORT 5,000
    THE LINKS FOUNDATION INC FOR FLINT AREA CHAPTER
    1200 MASSACHUSETTS AVE NW
    WASHINGTON,DC20005     		NONE PUBLIC PROGRAM SUPPORT-FLINT AREA 3,500
    UNITED WAY OF GENESEE COUNTY
    P O BOX 949
    FLINT,MI48501     		NONE PUBLIC PROGRAM SUPPORT 100,000
    UPTOWN REINVESTMENT CORPORATION INC
    503 S SAGINAW ST STE 1500
    FLINT,MI48433     		NONE PUBLIC PROGRAM SUPPORT 10,000
    URBAN LEAGUE OF FLINT
    5005 CLOVERLAND
    FLINT,MI48504     		NONE PUBLIC PROGRAM SUPPORT 10,000
    WHALEY CHILDREN'S CENTER
    1201 N GRAND TERRACE ST
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 1,000
    YMCA OF FLINT
    411 E 3RD ST
    FLINT,MI48503     		NONE PUBLIC PROGRAM SUPPORT 4,000
    Total .................................bullet 3a 397,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 19  
    4 Dividends and interest from securities....     14 237,831  
    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    
    8Gain or (loss) from sales of assets other than inventory     18 299,970  
    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).. 0 537,820 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13537,820
    (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:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 985 0   985

    TY 2010 AllOthProgRltdInvestmentsSch
    Name:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Category Amount
    N/A 0

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BELLSOUTH CORP NOTES 6% OCT 15 2011 DTD 10/25/2001 - 10000 SHS 10,702 10,425
    CREDIT SUISSE FB USA INC NOTES 6 1/8% NOV 15 2011 DTD 11/6/2001 - 10000 SHS 10,292 10,478
    WACHOVIA CORP SR NOTES 5.30% OCT 15 2011 DTD 10/23/2006 - 15000 SHS 14,132 15,547
    U S A NOTES 5 1/8% JUN 30 2011 DTD 6/30/2006 - 40000 SHS 40,481 40,970
    FIDELITY ADVISOR HIGH INCOME ADVANTAGE FUND - 44229.62 SHS 245,541 417,528
    ISHARES BARCLAYS TIPS BOND FUND - 957 SHS 98,964 102,897
    JPM HIGH YIELD FD - SEL FUND 3580 6.12% - 76489.71 SHS 605,313 623,391
    DREYFUS/LAUREL FDS TR PRM EMRGN MK I - 14522.16 SHS 208,742 209,990
    JPM INTL CURRENCY INCOME FD INCOME FUND 1.45% - 9464.51 SHS 103,237 106,476
    NATIONSBANK CORP SUB NOTES 7 3/4% AUG 15 2015 DTD 9/5/95 - 15000 SHS 17,110 16,755
    HOUSEHOLD FINANCE CORP NOTES 7% MAY 15 2012 DTD 5/22/2002 - 15000 SHS 13,350 16,094
    FHLMC NOTES 5 1/8% JUL 15 2012 DTD 7/16/2002 - 90000 SHS 88,811 96,218
    SBC COMMUNICATIONS INC NOTES 5 7/8% AUG 15 2012 DTD 8/19/2002 - 10000 SHS 10,587 10,774
    VERIZON GLOBAL FUNDING CORP NOTES 7 3/8% - 20000 SHS 21,825 22,082
    WELLS FARGO COMPANY NOTES 5% NOV 15 2014 DTD 11/6/2002 - 15000 SHS 14,190 15,928
    GOLDMAN SACHS GROUP INC NOTES 5 1/4% APR 1 2013 DTD 3/31/2003 - 20000 SHS 20,314 21,471
    DEUTSCHE TELEKOM INT FIN NOTES 5 1/4% JUL 22 2013 DTD 7/22/2003 - 15000 SHS 14,280 16,246
    AMERICAN EXPRESS NOTES 4 7/8% JUL 15 2013 DTD 7/24/2003 - 15000 SHS 14,304 16,035
    DAIMLERCHRYSLER NA HOLDINGS NOTES 6 1/2% NOV 15 2013 - 10000 SHS 10,430 11,321
    MORGAN STANLEY NOTES 4 3/4% APR 1 2014 DTD 3/30/2004 - 20000 SHS 20,086 20,481
    U S A NOTES 4.75% MAY 15 2014 DTD 5/15/2004 - 110000 SHS 114,125 122,865
    BRISTOL-MYERS SQUIBB NOTES 5 1/4% AUG 15 2013 DTD 2/15/2004 - 15000 SHS 15,158 16,581
    U S A NOTES 4 1/4% AUG 15 2014 DTD 8/15/2004 - 25000 SHS 23,742 27,578
    U S A NOTES 4% FEB 15 2015 DTD 2/15/2005 - 35000 SHS 33,954 38,344
    PRAXAIR INC 6 3/8% APR 1 2012 DTD 3/19/2002 - 10000 SHS 10,433 10,667
    DIAGEO CAPITAL PLC NOTES 5 3/4% OCT 23 2017 DTD 10/26/2007 - 10000 SHS 10,345 11,342
    ALLSTATE LF GLB FN TRST MEDIUM TERM NOTES 5 3/8% APR 30 2013 - 15000 SHS 14,803 16,334
    GLAXOSMITHKLINE CAP INC 5.65% MAY 15 2018 DTD 05/13/2008 - 5000 SHS 4,985 5,717
    TRAVELERS COS INC SR NOTES 5.8% MAY 15 2018 DTD 05/13/2008 - 10000 SHS 9,981 11,203
    KEYCORP MEDIUM TERM NOTES 6 1/2% MAY 14 2013 DTD 05/14/2008 - 10000 SHS 9,635 10,857
    NATIONAL CITY CORP 4.9% JAN 15 2015 DTD 01/12/2005 - 15000 SHS 14,103 16,066
    NATIONAL RURAL UTIL CORP 10 3/8% NOV 01 2018 DTD 10/30/2008 - 5000 SHS 6,690 6,897
    BP CAPITAL MARKETS PLC 5 1/4% NOV 07 2013 DTD 11/07/2008 - 5000 SHS 5,432 5,415
    AMERPRISE FINANCIAL INC 5.65% NOV 15 2015 DTD 11/23/2005 - 5000 SHS 5,733 5,541
    CONOCOPHILLIPS NOTES 5 3/4% FEB 01 2019 DTD 02/03/2009 - 10000 SHS 10,222 11,396
    U S A TREASURY NOTES 1 3/4% JAN 31 2014 DTD 01/22/2009 - 60000 SHS 61,382 61,256
    NOVARTIS SECS INVEST LTD 5 1/8% FEB 10 2019 DTD 02/10/2009 - 10000 SHS 9,826 11,060
    KIMBERLY-CLARK CORPORATION 4 7/8% AUG 15 2015 DTD 8/11/2005 - 10000 SHS 9,802 11,083
    CATERPILLAR FINANCIAL SE MED TERM NOTE 7.15% FEB 15 2019 - 15000 SHS 17,022 18,445
    MIDAMERICAN ENERGY CO 5.3% MAR 15 2018 DTD 03/25/2008 - 5000 SHS 5,015 5,550
    EATON CORP 6.95% MAR 20 2019 DTD 3/16/2009 - 5000 SHS 5,718 5,984
    SOUTHERN CO 4.15% MAY 15 2014 DTD 05/19/2009 - 3000 SHS 3,123 3,157
    ACE INA HOLDINGS 5.9% JUN 15 2019 DTD 06/08/2009 - 10000 SHS 10,006 11,102
    JOHNSON CONTROLS INC SR NOTES 5 1/2% JAN 15 2016 DTD 01/17/2006 - 10000 SHS 10,078 10,936
    CON EDISON CO N Y INC SER 2006 DEB 5 1/2% C DUE 09/15/2016 - 10000 SHS 10,104 11,254
    MEDTRONIC INC SR NT DTD 09/15/2005 4.75% DUE 09/15/2015 - 5000 SHS 4,726 5,535
    NISSAN AUTO REC 2008-A OWNER TR 4.28% JUN 16 2014 - 39901.61 SHS 38,991 40,779
    WESTPAC BANKING CORP NOTES 4 7/8% NOV 19 2019 DTD 11/19/2009 - 8000 SHS 7,994 8,406
    BLACKROCK INC 5% DEC 10 2019 DTD 12/10/2009 - 5000 SHS 4,975 5,221
    TOYOTA MOTOR CREDIT CORP MED TERM NOTES 3.2% JUN 17 2015 - 5000 SHS 5,009 5,165
    U S A NOTES 4 1/2% NOV 15 2015 DTD 11/15/2005 - 25000 SHS 23,783 27,990
    SHELL INTERNATIONAL FIN 3.1% JUN 28 2015 DTD 06/28/2010 - 4000 SHS 3,997 4,108
    TOTAL CAPITAL SA 2.3% MAR 15 2016 DTD 09/15/2010 - 5000 SHS 5,054 4,972
    FREDDIE MAC NOTES 4 1/2% JUL 15 2013 DTD 7/18/2003 - 50000 SHS 54,564 54,475
    FREDDIE MAC NOTES 5% JUL 15 2014 DTD 7/16/2004 - 30000 SHS 30,885 33,625
    HOME DEPOT INC SR NOTES 5.40% MAR 1 2016 DTD 3/24/2006 - 15000 SHS 14,523 16,809
    FANNIE MAE NOTES 5 3/8% JUN 12 2017 DTD 06/08/2007 - 50000 SHS 51,231 57,569
    FEDERAL HOME LOAN BANK NOTES 5 1/2% AUG 13 2014 DTD 06/22/2007 - 25000 SHS 27,239 28,599
    U S A NOTES 4 1/8% AUG 31 2012 DTD 08/31/2007 - 110000 SHS 117,970 116,591
    U S A NOTES 3 3/4% NOV 15 2018 DTD 11/17/2008 - 60000 SHS 61,599 63,820
    SIMON PROPERTY GROUP LP SR NOTES 10.35% APR 01 2019 - 10000 SHS 13,945 13,672
    CITIGROUP INC SENIOR NOTES 5.3% JAN 7 2016 DTD 12/8/2005 - 20000 SHS 19,757 21,236
    CISCO SYSTEMS NOTES 5 1/2% FEB 22 2016 DTD 2/22/2006 - 10000 SHS 9,749 11,411
    U S A NOTES 5 1/8% MAY 15 2016 DTD 5/15/2006 - 120000 SHS 122,764 138,253
    ORACLE CORPORATION NOTES 5 1/4% JAN 15 2016 DTD 1/13/2006 - 15000 SHS 14,332 16,864
    FEDERAL HOME LOAN BANK 5% DEC 21 2015 DTD 11/4/2005 - 25000 SHS 24,066 27,950
    BHP BILLITON FINANCE USA 5 1/4% DEC 15 2015 DTD 12/12/2005 - 10000 SHS 9,945 11,106
    PITNEY BOWES INC MED TERM NOTE 4 7/8% AUG 15 2014 - 5000 SHS 4,980 5,266
    FANNIE MAE NOTES 5% FEB 13 2017 DTD 1/12/2007 - 10000 SHS 10,039 11,284
    U S A TREASURY NOTES 4 1/2% APR 30 2012 DTD 4/30/2007 - 85000 SHS 93,158 89,678
    U S A NOTES 4 1/2% MAY 15 2017 DTD 5/15/2007 - 70000 SHS 72,315 78,324
    MERRILL LYNCH & CO MEDTERM NOTE 6.05% AUG 15 2012 - 10000 SHS 10,017 10,589
    SUNTRUST BANKS SR NOTES 6% SEP 11 2017 DTD 09/10/2007 - 10000 SHS 9,790 10,502
    GENERAL ELEC CAP CORP MED TERM NOTES 5 5/8% SEP 15 2017 - 15000 SHS 14,541 16,448
    AFLAC INC SR NOTES 8 1/2% MAY 15 2019 DTD 05/21/2009 - 5000 SHS 6,384 6,182
    U S A NOTES 3 5/8% AUG 15 2019 DTD 08/15/2009 - 130000 SHS 137,910 135,810

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 575 SHS 12,882 27,548
    ALEXION PHARMACEUTICALS INC - 100 SHS 5,464 8,055
    AMAZON COM INC - 125 SHS 14,562 22,500
    AMERICAN EXPRESS CO - 100 SHS 4,228 4,292
    APACHE CORP - 255 SHS 19,723 30,404
    APPLE INC. - 160 SHS 25,893 51,610
    BB & T CORP - 225 SHS 4,507 5,915
    BAKER HUGHES INC - 250 SHS 12,948 14,293
    CVS CAREMARK CORPORATION - 475 SHS 14,366 16,516
    CAMPBELL SOUP COMPANY - 200 SHS 7,203 6,950
    CARDINAL HEALTH INC - 400 SHS 11,651 15,324
    CELGENE CORPORATION - 250 SHS 11,112 14,785
    CISCO SYSTEMS INC - 1750 SHS 32,781 35,403
    CITRIX SYSTEMS INC - 75 SHS 5,152 5,131
    COLGATE PALMOLIVE CO - 125 SHS 9,850 10,046
    DELAWARE EMERGING MARKETS FUND - 6966.45 SHS 107,995 112,160
    WALT DISNEY CO - 500 SHS 9,780 18,755
    DOW CHEMICAL CO - 500 SHS 14,156 17,070
    E I DU PONT DE NEMOURS & CO - 700 SHS 26,287 34,916
    E M C CORP MASS - 500 SHS 10,227 11,450
    FREEPORT-MCMORAN COPPER & GOLD INC CL B - 285 SHS 14,144 34,226
    GENERAL ELECTRIC CO - 600 SHS 9,181 10,974
    GENERAL MILLS INC - 200 SHS 5,080 7,118
    INTERNATIONAL BUSINESS MACHINES CORP - 150 SHS 18,234 22,014
    JOHNSON CONTROLS INC - 825 SHS 17,893 31,515
    KELLOGG CO - 100 SHS 4,881 5,108
    LENNAR CORP - 200 SHS 3,083 3,750
    LOWES COMPANIES INC - 400 SHS 9,234 10,032
    MICROSOFT CORP - 1925 SHS 48,965 53,727
    MORGAN STANLEY - 400 SHS 19,839 10,884
    NATIONAL-OILWELL VARCO INC - 100 SHS 6,281 6,725
    NIKE INC B - 150 SHS 7,826 12,813
    NORFOLK SOUTHERN CORP - 550 SHS 20,521 34,551
    NOVELLUS SYSTEMS INC - 300 SHS 7,576 9,696
    OCCIDENTAL PETROLEUM CORP - 335 SHS 23,039 32,864
    ORACLE CORP - 800 SHS 18,476 25,040
    PACCAR INC - 425 SHS 14,283 24,370
    PARKER-HANNIFIN CORP - 50 SHS 2,015 4,315
    PEPSICO INC - 225 SHS 5,886 14,699
    PFIZER INC - 2025 SHS 30,571 35,458
    PROCTER & GAMBLE CO - 525 SHS 25,567 33,773
    QUALCOMM INC - 550 SHS 11,783 27,220
    T ROWE PRICE INTL FUNDS INC NEW ASIA FUND - 26053.06 SHS 390,278 499,698
    SPDR S&P 500 ETF TRUST - 880 SHS 106,245 110,660
    SANDISK CORP - 125 SHS 5,459 6,233
    SOUTHERN CO - 300 SHS 9,331 11,469
    SPRINT NEXTEL CORP - 2000 SHS 8,497 8,460
    STAPLES INC - 700 SHS 15,026 15,939
    STATE STREET CORP - 100 SHS 3,977 4,634
    SYSCO CORP - 200 SHS 4,630 5,880
    UNITED TECHNOLOGIES CORP - 375 SHS 18,857 29,520
    XILINX CORP - 300 SHS 8,491 8,694
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A - 200 SHS 10,178 14,658
    SEMPRA ENERGY - 100 SHS 6,442 6,560
    CITIGROUP INC - 5100 SHS 21,556 24,123
    WELLS FARGO & CO - 850 SHS 17,977 26,342
    BANK OF AMERICA CORP - 1775 SHS 69,260 23,679
    GOLDMAN SACHS GROUP INC - 140 SHS 17,181 23,542
    DEVON ENERGY CORP - 165 SHS 11,100 12,954
    EOG RESOURCES INC - 225 SHS 19,472 20,567
    HONEYWELL INTERNATIONAL INC - 400 SHS 17,091 21,264
    UNITEDHEALTH GROUP INC - 200 SHS 7,575 7,222
    ISHARES S&P MIDCAP 400 INDEX FUND - 3448 SHS 245,722 312,699
    VERIZON COMMUNICATIONS INC - 700 SHS 19,630 25,046
    COACH INC - 200 SHS 7,697 11,062
    ISHARES COHEN & STEERS REALTY MAJORS IND FD - 2766 SHS 189,692 181,782
    US BANCORP DEL - 400 SHS 12,528 10,788
    DODGE & COX INTERNATIONAL STOCK - 4798.14 SHS 78,715 171,342
    ISHARES RUSSELL MIDCAP INDEX FUND - 799 SHS 71,275 81,298
    ADVANCED AUTO PARTS INC - 125 SHS 5,270 8,269
    3M CO - 100 SHS 8,631 8,630
    YUM BRANDS INC - 450 SHS 14,519 22,073
    COMCAST CORP CL A - 400 SHS 6,793 8,788
    CARNIVAL CORPORATION - 200 SHS 7,190 9,222
    ARBITRAGE FUNDS - I CL I - 16069.81 SHS 210,241 205,533
    GOOGLE INC CL A - 25 SHS 9,284 14,849
    WELLPOINT INC - 100 SHS 5,530 5,686
    JPM US REAL ESTATE FD - SEL FUND 3037 - 16526.27 SHS 251,144 257,479
    JPM MID CAP GROWTH - SEL FUND 3120 - 11206.63 SHS 195,373 257,640
    JPM ASIA 3 FD - SEL FUND 1134 - 12151.01 SHS 367,082 460,280
    VANGUARD MSCI EMERGING MARKETS ETF - 9417 SHS 416,514 453,391
    AT&T INC - 375 SHS 20,108 11,018
    STARWOOD HOTELS & RESORTS - 100 SHS 2,095 6,078
    POWERSHARES DB COMMODITY INDEX TRACKING FUND - 5000 SHS 109,228 137,750
    CME GROUP INC CLASS A COMMON STOCK - 35 SHS 9,587 11,261
    INVESCO LTD - 300 SHS 5,797 7,218
    PHILIP MORRIS INTERNATIONAL - 175 SHS 7,628 10,243
    SPDR GOLD TRUST - 1050 SHS 97,482 145,656
    ACE LTD NEW - 150 SHS 6,929 9,338
    ARTIO INTERNATIONAL 3 II - I - 4588.39 SHS 54,796 57,171
    TYCO INTERNATIONAL LTD - 300 SHS 11,138 12,432
    TIME WARNER INC NEW - 1150 SHS 28,681 36,996
    COVIDIEN PLC - 175 SHS 5,540 7,991
    HSBC ASIA BSKT MKT PLS NOTE 02/17/11 - 100000 SHS 98,750 115,900
    BARC ASIA BSKT MKT PLS NOTE 03/03/11 - 60000 SHS 59,250 71,268
    MERCK AND CO INC - 750 SHS 19,949 27,030
    JPM RESEARCH MARKET NEUTRAL FD - SEL FUND - SEL - 9856 SHS 154,542 152,177
    CS SPX NOTE 05/02/11 - 200000 SHS 198,400 212,240
    HIGHBRIDGE DYNAMIC COMM STRG FD - 7120.31 SHS 100,054 137,920
    GS EAFE NOTE 04/25/11 - 100000 SHS 98,770 97,778
    GS SPX BREN 06/10/11 - 100000 SHS 99,000 111,281
    NEXTERA ENERGY INC - 200 SHS 9,997 10,398
    GS BREN SPX 07/08/11 - 100000 SHS 99,000 111,985
    CS BREN SPX 07/29/11 - 100000 SHS 99,000 112,310
    BARC BREN ASIA BASKET 08/05/11 10%BUFFER - 25000 SHS 24,750 28,123
    CS BREN EAFE 08/16/11 10%BUFFER - 100000 SHS 99,000 106,100
    GS BREN SPX 08/16/11 10%BUFFER - 100000 SHS 99,000 110,513
    GS BREN EAFE 09/08/11 - 100000 SHS 99,000 103,779
    GS GOLD CPN NOTE 10/07/11 5%CPN, 20% BARRIER - 35000 SHS 34,650 36,505
    DB BREN ASIA BASKET 11/2/11 10%BUFFER- 100000 SHS 99,000 101,258
    HSBC CONT BUFF EQ SPX 04/27/12 75% CONTIN BARRIER - 100000 SHS 98,750 105,000
    DB CONT BUFF EQ MID 11/23/11 75% CONTIN BARRIER - 110000 SHS 108,900 116,522
    SG CONT BUFF EQ SPX 6/15/12 - 8.5%CPN-- 100000 SHS 98,750 101,930
    DB BREN EAFE 01/06/12 - 100000 SHS 99,000 100,000
    JUNIPER NETWORKS INC - 450 SHS 9,759 16,614
    EXXON MOBIL CORP - 725 SHS 39,101 53,012
    METLIFE INC - 300 SHS 11,240 13,332
    MARVELL TECHNOLOGY GROUP LTD - 400 SHS 8,179 7,420
    PRUDENTIAL FINANCIAL INC - 275 SHS 11,550 16,145
    CONOCOPHILLIPS - 325 SHS 15,385 22,133
    BIOGEN IDEC INC - 100 SHS 5,984 6,705
    BAIDU INC SPONS ADR - 80 SHS 7,375 7,722
    TD AMERITRADE HOLDING CORPORATION - 475 SHS 7,651 9,020
    MASTERCARD INC - CLASS A - 45 SHS 8,746 10,085
    GENERAL MOTORS CO - 375 SHS 12,937 13,823

    TY 2010 OtherDecreasesSchedule
    Name:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Description Amount
    PAYMENT OF TRANSFER MADE IN ERROR 32,009
    ADJUSTMENTS OF CARRYING/TAX VALUE 2,029


    TY 2010 OtherIncreasesSchedule
    Name:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Description Amount
    NONDIVIDEND DISTRIBUTIONS/RETURN OF CAPITAL 2,188
    MUTUAL FUND FACTORING / BASIS ADJUSTMENT 742


    TY 2010 TaxesSchedule
    Name:
    A G BISHOP CHARITABLE TRUST R68349001 4410056200
    EIN: 38-6040693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED EXCISE TAX - CURRENT YEAR 5,916 0   0
    FOREIGN TAX WITHHELD 2,594 2,594   0