Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)6410 Poplar Avenue   Room/suite
City or town, state, and ZIP code
Memphis, TN381194843
A Employer identification number

62-1586727
B Telephone number (see page 10 of the instructions)

(901) 818-5103
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$223,314,963J 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) 51,120,000
2 Check bullet
3 Interest on savings and temporary cash investments 23,299 23,299  
4 Dividends and interest from securities...... 913,630 913,630  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 616,770
b Gross sales price for all assets on line 6a 14,082,755
7 Capital gain net income (from Part IV, line 2)... 616,770
8 Net short-term capital gain.........  
9 Income modifications........... 56,769
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........ 52,673,699 1,553,699 56,769
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 987,387      
15 Pension plans, employee benefits....... 220,306      
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,750 0 0 0
c Other professional fees (attach schedule).... Click to see attachment 73,107      
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 32,280      
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,535    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,212      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 90,446      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,431,023 0 0 0
25 Contributions, gifts, grants paid........ 15,118,996 15,118,996
26 Total expenses and disbursements. Add lines 24 and 25 16,550,019 0 0 15,118,996
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 36,123,680
b Net investment income (if negative, enter -0-) 1,553,699
c Adjusted net income (if negative, enter -0-)... 56,769
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............... 29,039,165 3,577,203 3,577,203
2 Savings and temporary cash investments.......... 129,755 152,406 152,406
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) bullet100,000
Less: allowance for doubtful accounts bullet   8,268,929 Click to see list of attachments100,000 100,000
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 173,649 18,941 18,941
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 125,961,355 Click to see attachment219,454,673 219,454,673
14 Land, buildings, and equipment: basis bullet36,006
Less: accumulated depreciation (attach schedule) bullet24,333 13,845 Click to see attachment11,673 11,673
15 Other assets (describe bullet)   Click to see attachment67 Click to see attachment67
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 163,586,698 223,314,963 223,314,963
Liabilities 17 Accounts payable and accrued expenses.......... 0  
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment2,148
23 Total liabilities (add lines 17 through 22).......... 0 2,148
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 163,586,698 223,312,815
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
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).................... 163,586,698 223,312,815
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 163,586,698 223,314,963
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)............... 1 163,586,698
2 Enter amount from Part I, line 27a...................... 2 36,123,680
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 23,602,437
4 Add lines 1, 2, and 3.......................... 4 223,312,815
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 223,312,815
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 LONGLEAF SECURITIES      
b UBS INVESTMENTS      
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 14,082,750   10,344,604 3,738,146
b 5   3,121,381 -3,121,376
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       3,738,146
b       -3,121,376
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 616,770
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 22,047,306 113,815,115 0.193712
2008 20,960,077 86,845,196 0.24135
2007 12,239,275 105,802,616 0.11568
2006 12,626,485 80,710,656 0.156441
2005 7,840,465 43,397,692 0.180665
2 Total of line 1, column (d) ...................... 2 0.887848
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 0.17757
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 189,667,048
5 Multiply line 4 by line 3....................... 5 33,679,178
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 15,537
7 Add lines 5 and 6......................... 7 33,694,715
8 Enter qualifying distributions from Part XII, line 4.............. 8 15,118,996
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 31,074
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  
3 Add lines 1 and 2............................ 3 31,074
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 31,074
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 50,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 18,926
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet18,926 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)bulletTN
    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 ofbulletDALLAS GEER Telephone no.bullet (901) 818-5103
    Located atbullet6410 POPLAR AVENUE SUITE 720MEMPHISTN ZIP+4bullet38119
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
    Yes
     
    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 bulletEI
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    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
     
    No
    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
    ANN B HAWKINS DIR/PRES
    0.1     		0    
    155 West Chickasaw Parkway
    Memphis,TN38111
    G STALEY CATES DIR/VP
    0.1     		0    
    6410 Poplar Avenue
    Memphis,TN381194843
    JOSEPH L OTT DIR/TREAS
    0.1     		0    
    6410 Poplar Avenue
    Memphis,TN381194843
    O MASON HAWKINS DIRECTOR
    0.1     		0    
    6410 Poplar Avenue
    Memphis,TN381194843
    ANDREW R MCCARROLL DIR/SEC
    0.1     		0    
    6410 Poplar Avenue
    Memphis,TN381194843
    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
    THOMAS M MARINO EXECUTIVE DIRECTOR
    40.0     		270,000 49,000  
    70 NORTH CENTURY STREET
    MEMPHIS,TN38111
    GLENDA G YARBROUGH PROGRAM OFFICER
    40.0     		170,000 42,500  
    3828 ROSEDALE DRIVE
    MEMPHIS,TN38111
    ELLIOT L PERRY PROGRAM OFFICER
    40.0     		170,000 42,500  
    3306 DARBY DAN COVE
    GERMANTOWN,TN38138
    DAVID H MONTAGUE PROGRAM OFFICER
    40.0     		200,000 49,000  
    6228 MALLACH DR
    MEMPHIS,TN38119
    DALLAS GEER CFO
    40.0     		170,000 42,500  
    3849 MONTCLAIR
    MEMPHIS,TN38111
    Total number of other employees paid over $50,000...................bullet  
    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
     
    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)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE. ALL INVESTMENTS HELD BY THE FOUNDATION ARE HELD FOR THE PRODUCTION OF INVESTMENT INCOME.  
    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.)
    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
    187,054,312
    b
    Average of monthly cash balances.......................
    1b
    2,326,043
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    3,175,024
    d
    Total (add lines 1a, b, and c).........................
    1d
    192,555,379
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    192,555,379
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    2,888,331
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    189,667,048
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    9,483,352
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    9,483,352
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    31,074
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    31,074
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,452,278
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    56,769
    5
    Add lines 3 and 4.............................
    5
    9,509,047
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    9,509,047
    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
    15,118,996
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    15,118,996
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    15,118,996
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 9,509,047
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:2008, 2007, 2006 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 5,754,975
    b From 2006....... 8,714,187
    c From 2007....... 6,974,683
    d From 2008....... 16,690,543
    e From 2009....... 16,357,598
    fTotal of lines 3a through e......... 54,491,986
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 15,118,996
    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)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 9,509,047
    e Remaining amount distributed out of corpus 5,609,949
    5 Excess distributions carryover applied to 2010.    
    (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 60,101,935
    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......     		 
    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) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		5,754,975
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		54,346,960
    10 Analysis of line 9:
    a Excess from 2006.... 8,714,187
    b Excess from 2007.... 6,974,683
    c Excess from 2008.... 16,690,543
    d Excess from 2009.... 16,357,598
    e Excess from 2010.... 5,609,949
    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).)
    G STALEY CATES
    O MASON AND ANN HAWKINS
    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:
    THOMAS M MARINO
    6410 POPLAR AVE SUITE 720
    MEMPHIS,TN38119
    (901) 818-5125
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIED FORM; MERELY A STATEMENT REGARDING THE NEED FOR FUNDS AND THE INTENDED USES THEREOF.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    Binghampton Development Corporation
    PO Box 111447
    Memphis,TN38111     		  509(a)(1) Community Development - Housing, Jobs, Health, and Edcuation 31,964
    Chickasaw Council Boy Scout Trust Fund
    171 S Hollywood
    Memphis,TN381124802     		  509(a)(3) Type I Children's Welfare 20,000
    Bridges USA Inc
    477 North Fifth Street
    Memphis,TN38105     		  509(a)(1) Community Leadership Development 250,000
    Brinkley Heights Urban Academy
    3275 Rosamond Avenue
    Memphis,TN38122     		  170(b)(1)(A)(II) Urban Education 449,750
    Catholic Memphis Urban Schools Inc
    5825 Shelby Oaks Drive
    Memphis,TN381347389     		  509(a)(1) Urban Education 186,364
    Collegiate School of Memphis
    675 National Ave
    Memphis,TN38122     		  170(b)(1)(A)(II) Urban Education 1,993,928
    Collierville Primitive Baptist Church
    Highway 57
    Collierville,TN38017     		  170(b)(1)(A)(I) Religion 20,000
    Creative Life
    1222 Riverside Blvd
    Memphis,TN38106     		  509(a)(1) Urban education and after school programs 200,000
    Education Reform Now
    24 W 46th Street Suite 4
    New York,NY10036     		  509(a)(1) Urban Education 100,000
    Emmanuel Episcopal Center
    604 St Paul Avenue
    Memphis,TN38126     		  170(b)(1)(A)(I) Urban education and after school programs 120,000
    The Exchange Club Family Center of the Mid South
    2180 Union Avenue
    Memphis,TN38104     		  509(a)(1) Children's welfare 50,000
    Fellowship Memphis Bible Church
    3340 Poplar Avenue Suite 230
    Memphis,TN38111     		  170(b)(1)(A)(I) Urban Residency Program 5,000
    For The Kingdom
    1548 Poplar Avenue
    Memphis,TN38104     		  509(a)(3) Type II Urban children's camp 75,000
    Girls Incorporated of Memphis
    60 North Third Street
    Memphis,TN38103     		  509(a)(1) Leadership training for girls 40,966
    Have a Standard Foundation
    PO Box 4234
    Cordova,TN38088     		  509(a)(2) Community Leadership Development 150,000
    Hope Christian Community Foundation
    5100 Poplar Suite 2412
    Memphis,TN38137     		  509(a)(1) Community Foundation 764,700
    Juvenile Intervent Faith-based Follow-up
    254 South Lauderdale Street
    Memphis,TN38126     		  509(a)(2) Children's welfare 97,695
    King's Daughters & Sons Home Foundation Inc
    3568 Appling Road
    Bartlett,TN38133     		  509(a)(3) Type III Children's welfare 25,000
    KIPP Memphis
    17 West Pontotoc Ave Suite 200
    Memphis,TN38112     		  170(b)(1)(A)(II) Urban Education 382,673
    Knowledge Quest Inc
    PO Box 2119
    Memphis,TN38101     		  509(a)(1) Urban Education 100,000
    Memphis Athletic Ministries
    2107 Ball Road
    Memphis,TN38114     		  509(a)(1) Athletics 650,000
    Memphis Child Advocacy Center
    1085 Poplar
    Memphis,TN38105     		  509(a)(1) Children's welfare 25,000
    Memphis City Schools Foundation
    2597 Avery Avenue
    Memphis,TN38112     		  509(a)(2) Urban Education 322,083
    Memphis Leadership Foundation Inc
    1548 Poplar Avenue
    Memphis,TN38104     		  509(a)(1) Community Leadership Development 919,410
    Memphis Planned Parenthood
    1407 Union Avenue Third Floor
    Memphis,TN38104     		  509(a)(1) Healthcare 540,000
    Memphis Orchestral Society Inc
    585 S Mendenhall
    Memphis,TN38117     		  509(a)(2) Arts Education 50,000
    Memphis Teacher Residency
    2181 Union Avenue
    Memphis,TN38104     		  509(a)(1) Urban Education 1,014,000
    MIFA
    P O Box 3130
    Memphis,TN381730130     		  509(a)(1) Community Health 100,000
    New Hope Christian Academy
    3000 University St
    Memphis,TN381276645     		  170(b)(1)(A)(II) Urban Education 64,350
    New Leaders for New Schools (Mem)
    3782 Jackson Avenue
    Memphis,TN38108     		  509(a)(1) Urban Education 330,000
    New Leaders for New Schools NYC
    30 West 26th Street 2nd Floor
    New York,NY10010     		  509(a)(1) Urban Education 187,000
    Orphanos Foundation
    PO Box 1057
    Cordova,TN38088     		  509(a)(1) Children's welfare 50,000
    Pi Kappa Alpha Educational Foundation
    8347 West Range Cove
    Memphis,TN38125     		  509(a)(1) Children's welfare 5,000
    RISE Foundation
    22 North Front Street Suite 680
    Memphis,TN38103     		  509(a)(1) Financial Training 43,000
    Soulsville Foundation
    926 E McLemore Ave
    Memphis,TN38106     		  509(a)(2) Urban Education 200,000
    St Andrews Episcopal School
    350 Noxontown Road
    Middletown,DE197091605     		  170(b)(1)(A)(II) Education 100,000
    St George's Schools Foundation
    8250 Poplar Avenue
    Germantown,TN38138     		  509(a)(3) Type III Urban Education 750
    Streets Ministries
    430 Vance Avenue
    Memphis,TN38126     		  509(a)(1) Urban education and after school programs 354,950
    Teach For America - Memphis
    One Commerce Square Suite 1190
    Memphis,TN38103     		  509(a)(1) Urban Education 290,028
    Temple Israel
    1376 Massey Road
    Memphis,TN38119     		  170(b)(1)(A)(I) Religion 14,000
    Tennessee Charter School Association
    3022 Vanderbilt Place
    Nashville,TN38212     		  509(a)(1) Urban Education 75,000
    United Religions Initiative
    PO Box 29242
    San Francisco,CA94129     		  509(a)(1) Religion 100,000
    University of Memphis Foundation
    Dept 238 P O Box 1000
    Memphis,TN381480001     		  509(a)(1) Urban Education Leadership 50,000
    Urban Youth Initiative
    1548 Poplar Avenue
    Memphis,TN38104     		  509(a)(3) Type II Urban education and after school programs 1,437,500
    Victory Ranch
    PO Box 599
    Bolivar,TN38008     		  509(a)(2) Children's welfare 250,000
    Visible School
    9817 Huff n Puff Road
    Lakeland,TN38002     		  170(b)(1)(A)(II) Arts Education 171,294
    Women's Foundation for a Greater Memphis
    8 South Third Street Suite 110
    Memphis,TN38103     		  509(a)(3) Type III Women's advocacy 10,000
    Youth Villages Inc
    3320 Brother Road
    Bartlett,TN38133     		  509(a)(1) Children's welfare 517,540
    Benjamin L Hooks Institute
    University of Memphis
    107 Scates Hall
    Memphis,TN38152     		  170(b)(1)(A)(II) Urban Education Leadership 1,000
    Christ United Methodist Church
    4488 Poplar Avenue
    MEMPHIS,TN38117     		  170(b)(1)(A)(I) Religion 87,199
    CIA Officers Memorial Foundation
    PO Box 973
    Haymarket,VA20168     		  509(a)(1) Support families of fallen officers 100,000
    Circuit Playhouse Inc
    51 S Cooper
    Memphis,TN38104     		  509(a)(2) Community Arts 5,000
    Community Foundation of Greater Memphis
    1900 Union Ave
    Memphis,TN38104     		  509(a)(1) Community Foundation 200,000
    Falcons Futbol Club
    PO Box 38052
    Germantown,TN38183     		  509(a)(2) Athletics 16,776
    Girl Scouts Heart of the South
    PO Box 240246
    Memphis,TN38124     		  509(a)(1) Children's welfare 10,000
    Healthy Memphis Common Table
    3175 Lenox Park Blvd
    Memphis,TN38115     		  509(a)(1) Healthcare 10,000
    Memphis Brooks Museum of Art
    1934 Poplar Avenue
    Memphis,TN38104     		  509(a)(3) Type III Arts Education 100,000
    Mid-South Food Bank
    239 South Dudley
    Memphis,TN38104     		  509(a)(1) Community Health 30,000
    Philanthropy Rountable
    1150 17th Street NW Suite 503
    Washington,DC20036     		  509(a)(1) Philanthropy Education 2,500
    Repairing the Breach
    PO Box 16128
    Memphis,TN38186     		  509(a)(1) Urban education and after school programs 37,576
    Soulsville Charter School
    926 E McLemore Ave
    Memphis,TN38106     		  170(b)(1)(A)(II) Urban Education 300,000
    Stand For Children Memphis
    PO Box 40073
    Memphis,TN38174     		  509(a)(1) Urban Education 60,000
    Star Academy Charter School
    3260 James Road
    Memphis,TN38128     		  170(b)(1)(A)(II) Urban Education 75,000
    Success Charter Network
    Harlem Success Academy 6
    Jenny Sedlis 34 West 118th Street
    New York,NY10026     		  509(a)(1) Urban Education 50,000
    Tall Timbers Foundation Inc
    13093 Henry Beadel Drive
    Tallahassee,FL32312     		  509(a)(1) Enviromental Preservation 1,000,000
    World Relief
    7 East Baltimore Street
    Baltimore,MD21202     		  509(a)(1) Disaster Relief 100,000
    Total .................................bullet 3a 15,118,996
    bApproved for future payment
    Total ..................................bullet 3b  
    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 23,299  
    4 Dividends and interest from securities....     14 913,630  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 616,770  
    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)..   1,553,699  
    13Total. Add line 12, columns (b), (d), and (e)...................
    131,553,699
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


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

    62-1586727
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    The Poplar Foundation
          		Employer identification number

    62-1586727
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    Southeastern Asset Management Inc    
    6410 Poplar Avenue Suite 900
       
    Memphis, TN   38119

    		$16,020,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    O Mason Hawkins    
    6410 Poplar Avenue Suite 900
       
    Memphis, TN   38119

    		$30,000,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    G Staley Cates    
    6410 Poplar Avenue Suite 900
       
    Memphis, TN   38119

    		$5,000,000




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

    Joseph Ott    
    6410 Poplar Avenue Suite 900
       
    Memphis, TN   38119

    		$100,000




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

         
     
       

    		$  




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

         
     
       

    		$  




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    The Poplar Foundation
          		Employer identification number

    62-1586727
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    The Poplar Foundation
          		Employer identification number

    62-1586727
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 5,750      

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

    TY 2010 DepreciationSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LOBBY CHAIR-3/TABL 2006-01-02 3,498 2,406 M7   312      
    CONF ROOM CHAIR 2006-01-01 4,456 3,064 M7   398      
    CONFERENCE TABLE 2006-01-01 1,026 705 M7   92      
    2-DRAWER FILES-5 2006-01-01 2,931 2,016 M7   262      
    4-DRAWER FILES -2 2006-01-01 910 626 M7   81      
    DESKS -3 2006-01-01 6,922 4,760 M7   618      
    BOOKCASES - 3 2006-01-01 1,947 1,339 M7   174      
    CREDENZA 2006-01-01 1,015 698 M7   91      
    PANEL BASE 2006-01-01 254 175 M7   23      
    CHAIR MATS 2006-01-01 221 152 M7   20      
    DVD PLAYER 2006-01-01 142 117 M5   16      
    LAMP 2006-01-01 131 108 M5   15      
    LAMP 2006-01-01 350 289 M5   40      
    DESK 2006-01-13 1,338 920 M7   119      
    TABLE 2006-02-07 412 283 M7   37      
    CREDENZA 2006-04-06 797 548 M7   71      
    OFFICE CHAIR 2007-11-20 1,312 666 M7   184      
    3-DRAWER FILES-4 2007-12-05 1,840 935 M7   259      
    OFFICE EQUIPMENT 2008-03-04 1,005 390 M7   176      
    LEASEHOLD IMPROV. 2008-03-25 4,135 600 M15   354      
    FILE CABINETS 2010-01-01 1,364 0 M7   195      

    TY 2010 InvestmentsOtherSchedule2
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LONGLEAF PARTNERS FUND AT COST 45,690,149 45,690,149
    LONGLEAF PARTNERS INT'L FUND AT COST 40,329,736 40,329,736
    UBS - MORT. BACKED SECURITIES AT COST 48,555 48,555
    LONGLEAF PARTNERS SMALL CAP AT COST 47,198,809 47,198,809
    LONGLEAF GLOBAL FUND AT COST 86,187,424 86,187,424

    TY 2010 LandEtcSchedule2
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LOBBY CHAIR-3/TABL 3,498 2,718 780  
    CONF ROOM CHAIR 4,456 3,462 994  
    CONFERENCE TABLE 1,026 797 229  
    2-DRAWER FILES-5 2,931 2,278 653  
    4-DRAWER FILES -2 910 707 203  
    DESKS -3 6,922 5,378 1,544  
    BOOKCASES - 3 1,947 1,513 434  
    CREDENZA 1,015 789 226  
    PANEL BASE 254 198 56  
    CHAIR MATS 221 172 49  
    DVD PLAYER 142 133 9  
    LAMP 131 123 8  
    LAMP 350 329 21  
    DESK 1,338 1,039 299  
    TABLE 412 320 92  
    CREDENZA 797 619 178  
    OFFICE CHAIR 1,312 850 462  
    3-DRAWER FILES-4 1,840 1,194 646  
    OFFICE EQUIPMENT 1,005 566 439  
    LEASEHOLD IMPROV. 4,135 954 3,181  
    FILE CABINETS 1,364 195 1,169  


    TY 2010 OtherAssetsSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST   67 67


    TY 2010 OtherExpensesSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 69,357      
    ADMINISTRATIVE EXPENSES 1,220      
    OFFICE SUPPLIES 931      
    PROGRAM SERVICES 10,432      
    MISCELLANEOUS EXPENSES 7,995      
    BOOKS & PUBLICATIONS 511      


    TY 2010 OtherIncreasesSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Description Amount
    UNREALIZED GAIN/LOSS 23,545,668
    RETURNED GRANTS 56,769


    TY 2010 OtherLiabilitiesSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 0 2,148


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    TY 2010 OtherNotesLoansRcvblLongSch
    Name:
    The Poplar Foundation
    EIN: 62-1586727

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    NOTE RECEIVABLE - OASIS OF HOPE     100,000       0 %        
    NOTE RECEIVABLE - COLLEGIATE SCHOOLS             0 %        

    TY 2010 OtherNotesLoansRcvblShortSch2
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Name of 501(c)(3) Organization Balance Due
    NOTE RECEIVABLE - OASIS OF HOPE
          		100,000
    NOTE RECEIVABLE - COLLEGIATE SCHOOLS
          		 


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 73,107      


    TY 2010 TaxesSchedule
    Name:
    The Poplar Foundation
    EIN: 62-1586727
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT INC. 32,280