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
GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)1919 DOUGLAS ST 2ND FLR MACN8000-027Room/suite
City or town, state, and ZIP code
OMAHA, NE68102
A Employer identification number

42-6595689
B Telephone number (see page 10 of the instructions)

(402) 536-5506
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$8,105,166J 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      
4 Dividends and interest from securities...... 173,417 173,417  
5a Gross rents.............. 201,022 201,022  
b Net rental income or (loss) 112,358
6a Net gain or (loss) from sale of assets not on line 10 131,281
b Gross sales price for all assets on line 6a 1,787,350
7 Capital gain net income (from Part IV, line 2)... 131,281
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........ 505,720 505,720  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,048 21,024   21,024
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3 2   1
b Accounting fees (attach schedule)....... Click to see attachment 510 255   255
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 16,571 12,067   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 11,358 11,358  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 65,459 65,459   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,949 110,165   21,280
25 Contributions, gifts, grants paid........ 349,390 349,390
26 Total expenses and disbursements. Add lines 24 and 25 485,339 110,165   370,670
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 20,381
b Net investment income (if negative, enter -0-) 395,555
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...............   576 576
2 Savings and temporary cash investments.......... 179,667 281,094 281,094
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) 663,254 Click to see attachment283,531 313,862
b Investments—corporate stock (attach schedule)........ 880,828 Click to see attachment863,984 1,039,041
c Investments—corporate bonds (attach schedule)........ 1,111,278 Click to see attachment1,310,330 1,391,042
11 Investments—land, buildings, and equipment: basis bullet1,449,589
Less: accumulated depreciation (attach schedule) bullet233,689 1,227,258 Click to see attachment1,215,900 2,700,000
12 Investments—mortgage loans.............. 15,274 6,132 6,252
13 Investments—other (attach schedule)........... 1,950,339 Click to see attachment2,088,660 2,373,299
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,169 Click to see attachment1,241 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,031,067 6,051,448 8,105,166
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 6,031,067 6,051,448
30 Total net assets or fund balances (see page 17 of the
instructions).................... 6,031,067 6,051,448
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 6,031,067 6,051,448
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 6,031,067
2 Enter amount from Part I, line 27a...................... 2 20,381
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 6,051,448
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 6,051,448
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 ABBOTT LABORATORIES P 2004-06-10 2010-11-10
b AIR PRODUCTS & CHEMICALS INC P 2002-01-24 2010-05-11
c BANK OF NEW YORK MELLON P 2006-10-23 2010-05-11
d BOEING CO P 2009-11-18 2010-11-10
e BRISTOL MYERS SQUIBB CO P 2002-10-11 2010-05-11
BRISTOL MYERS SQUIBB CO P 2002-12-26 2010-05-11
CHEVRON CORP P 2000-05-22 2010-11-10
CHEVRON CORP P 2002-12-26 2010-11-10
CISCO SYSTEMS INC P 2001-04-24 2010-05-11
CISCO SYSTEMS INC P 2002-05-14 2010-11-24
CISCO SYSTEMS INC P 2001-04-24 2010-11-24
CISCO SYSTEMS INC P 2002-11-06 2010-11-24
CISCO SYSTEMS INC P 2003-03-17 2010-11-24
COLGATE PALMOLIVE CO P 2004-01-23 2010-10-19
WALT DISNEY CO P 2004-12-14 2010-11-10
DU PONT EI DE NEMOURS & CO P 2002-12-26 2010-05-11
DU PONT EI DE NEMOURS & CO P 2002-10-11 2010-05-11
DU PONT EI DE NEMOURS & CO P 2000-09-07 2010-05-11
DU PONT EI DE NEMOURS & CO P 2000-05-22 2010-05-11
ECOLAB INC P 2010-05-11 2010-11-10
EMERSON ELECTRIC CO P 2000-05-22 2010-05-11
EMERSON ELECTRIC CO P 2000-09-12 2010-05-11
EMERSON ELECTRIC CO P 2002-10-11 2010-05-11
EMERSON ELECTRIC CO P 2003-06-05 2010-05-11
EXXON MOBIL CORPORATION P 2004-06-18 2010-11-10
FED HOME LN MTG CORP 3.15% P 2010-01-07 2010-07-22
FED HOME LN BK 7.625% 5/14/10 P 2000-07-18 2010-05-14
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-01-24
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-02-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-03-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-04-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-05-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-06-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-07-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-08-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-09-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-10-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-12-25
FED NATL MTG ASSN 5.5% 5/25/14 P 2006-11-16 2010-12-25
FED NATL MTG ASSN 2.75% 3/13/14 P 2009-03-12 2010-11-10
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-02-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-03-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-04-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-05-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-06-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-07-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-08-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-09-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-10-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-11-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-12-25
FNMA POOL 894861 6% 10/1/36 P 2006-09-05 2010-12-30
FLOWSERVE CORP COM P 2010-05-11 2010-11-10
GENERAL ELECTRIC CO P 2001-01-11 2010-05-11
GENERAL ELECTRIC CO P 2001-04-24 2010-05-11
GENERAL ELECTRIC CO P 2000-05-22 2010-05-11
GENERAL ELECTRIC CO P 2002-05-14 2010-05-11
GENERAL ELECTRIC CO P 2003-03-14 2010-05-11
GENERAL ELECTRIC CO P 2000-09-12 2010-05-11
HOME DEPOT INC P 2000-05-22 2010-11-10
HOME DEPOT INC P 2000-09-07 2010-11-10
HONEYWELL INTL INC P 2003-03-17 2010-05-11
INTL BUSINESS MACHS CORP P 2000-05-22 2010-10-19
INTL BUSINESS MACHS CORP P 2000-09-12 2010-10-19
INTL BUSINESS MACHS CORP P 2002-05-14 2010-10-19
IBM CORP P 2009-11-03 2010-11-10
IOWA WESTN CMNTY COL 5.75% P 2006-06-12 2010-11-10
ISHARES INC MSCI PACIFIC JAPAN P 2004-06-10 2010-05-11
ISHARES INC MSCI PACIFIC JAPAN P 2004-10-28 2010-05-11
ISHARES NASDAQ BIOTECH INDEX P 2003-06-27 2010-05-11
JACOBS ENGR GROUP INC P 2009-06-11 2010-10-19
JACOBS ENGR GROUP INC P 2010-05-11 2010-10-19
JOHNSON & JOHNSON P 2004-06-18 2010-11-10
LOWES COS INC P 2002-11-06 2010-10-19
LOWES COS INC P 2003-06-05 2010-10-19
MEDTRONIC INC P 2000-09-07 2010-05-11
MEDTRONIC INC P 2000-05-22 2010-05-11
MEDTRONIC INC P 2001-04-24 2010-05-11
MINNEAPOLIS & ST PAUL 6.15% P 2002-01-15 2010-11-10
MONSANTO CO NEW P 2009-06-11 2010-05-11
ORACLE CORPORATION P 2001-01-11 2010-05-11
ORACLE CORPORATION P 2001-04-24 2010-05-11
ORACLE CORPORATION P 2002-12-26 2010-05-11
ORACLE CORPORATION P 2000-09-12 2010-05-11
ORACLE CORPORATION P 2000-05-22 2010-05-11
ORACLE CORPORATION P 2002-05-14 2010-05-11
PIMCO LOW DURATION FD 1 P 2009-12-04 2010-11-10
PETROLEO BRASILEIRO SA ADR P 2010-05-11 2010-11-10
PETROLEO BRASILEIRO SA ADR P 2010-10-19 2010-11-10
PFIZER INC P 2004-06-18 2010-05-11
PFIZER INC P 2002-05-14 2010-05-11
PIMCO FOREIGN BOND UNHEDGED P 2009-12-04 2010-05-11
SPDR S&P 500 ETF TRUST P 2002-03-04 2010-05-11
SPDR S&P 500 ETF TRUST P 2003-06-24 2010-05-11
SPDR S&P 500 ETF TRUST P 2002-08-21 2010-11-10
SPDR S&P 500 ETF TRUST P 2002-07-29 2010-11-10
SPDR S&P 500 ETF TRUST P 2003-06-24 2010-11-10
SPDR S&P 500 ETF TRUST P 2002-10-21 2010-11-10
AMEX CONSUMER DISCR SPDR P 2004-02-06 2004-10-19
SYSCO CORP P 2004-06-10 2010-03-09
SYSCO CORP P 2009-05-01 2010-03-09
TARGET CORP P 2000-05-22 2010-11-10
TARGET CORP P 2001-11-08 2010-11-10
TRAVELERS COS INC P 2006-10-23 2010-05-11
VODAFONE GROUP PLC NEW ADR P 2007-04-03 2010-11-10
VODAFONE GROUP PLC NEW ADR P 2001-01-11 2010-11-10
WALMART STORES INC P 2001-01-11 2010-10-19
WALMART STORES INC P 2000-05-22 2010-10-19
WALMART STORES INC P 2000-09-07 2010-10-19
WEST VIRGINIA TAXABL 6.7% P 2002-03-18 2010-11-01
TRANSOCEAN LTC P 2009-05-01 2010-05-11
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 4,481   3,829 652
b 14,392   9,157 5,235
c 20,486   23,716 -3,230
d 101,937   99,667 2,270
e 4,878   4,193 685
1,220   1,149 71
9,094   4,003 5,091
7,747   3,073 4,674
11,786   7,673 4,113
5,848   4,917 931
975   853 122
3,898   2,564 1,334
9,746   7,035 2,711
22,920   15,399 7,521
8,107   6,012 2,095
7,660   8,524 -864
3,830   3,951 -121
3,830   4,146 -316
3,830   5,189 -1,359
7,333   7,354 -21
10,042   5,721 4,321
10,042   6,689 3,353
10,042   4,573 5,469
20,084   10,828 9,256
10,649   6,746 3,903
100,000   100,000 0
100,000   102,492 -2,492
725   725 0
525   525 0
570   569 1
1,740   1,738 2
768   767 1
737   736 1
661   661 0
572   572 0
646   646 0
749   749 0
751   750 1
706   705 1
105,994   99,625 6,369
4,035   4,046 -11
3,506   3,516 -10
68   68 0
9,793   9,820 -27
2,421   2,427 -6
2,523   2,525 -2
2,024   2,026 -2
37   37 0
38   38 0
38   38 0
40   40 0
40   40 0
15,160   16,434 -1,274
1,796   4,621 -2,825
1,796   4,770 -2,974
2,694   7,503 -4,809
5,388   9,393 -4,005
3,592   5,120 -1,528
2,694   8,937 -6,243
1,566   2,526 -960
3,132   5,077 -1,945
23,020   11,548 11,472
6,876   5,401 1,475
6,876   6,298 578
27,504   17,044 10,460
102,594   99,919 2,675
51,030   50,316 714
3,998   2,415 1,583
35,983   25,068 10,915
17,271   14,012 3,259
9,752   11,173 -1,421
4,291   4,983 -692
4,485   3,867 618
8,316   8,206 110
12,474   13,405 -931
4,276   5,177 -901
4,276   5,077 -801
12,828   13,245 -417
54,156   50,993 3,163
8,645   13,095 -4,450
2,425   3,375 -950
14,551   10,674 3,877
4,850   2,179 2,671
3,638   6,309 -2,671
3,638   5,086 -1,448
7,275   2,646 4,629
80,000   76,791 3,209
10,689   11,441 -752
12,470   11,728 742
3,402   7,100 -3,698
1,701   3,763 -2,062
95,829   100,000 -4,171
23,246   23,094 152
69,737   59,268 10,469
24,284   19,080 5,204
72,851   52,764 20,087
48,567   39,512 9,055
60,709   44,725 15,984
30,707   28,210 2,497
11,536   15,163 -3,627
2,884   2,448 436
8,157   5,275 2,882
2,175   1,375 800
12,462   12,275 187
1,063   1,043 20
7,329   10,298 -2,969
5,351   5,283 68
5,351   5,745 -394
5,351   5,158 193
50,000   51,650 -1,650
13,756   14,146 -390
333     333
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       652
b       5,235
c       -3,230
d       2,270
e       685
      71
      5,091
      4,674
      4,113
      931
      122
      1,334
      2,711
      7,521
      2,095
      -864
      -121
      -316
      -1,359
      -21
      4,321
      3,353
      5,469
      9,256
      3,903
      0
      -2,492
      0
      0
      1
      2
      1
      1
      0
      0
      0
      0
      1
      1
      6,369
      -11
      -10
      0
      -27
      -6
      -2
      -2
      0
      0
      0
      0
      0
      -1,274
      -2,825
      -2,974
      -4,809
      -4,005
      -1,528
      -6,243
      -960
      -1,945
      11,472
      1,475
      578
      10,460
      2,675
      714
      1,583
      10,915
      3,259
      -1,421
      -692
      618
      110
      -931
      -901
      -801
      -417
      3,163
      -4,450
      -950
      3,877
      2,671
      -2,671
      -1,448
      4,629
      3,209
      -752
      742
      -3,698
      -2,062
      -4,171
      152
      10,469
      5,204
      20,087
      9,055
      15,984
      2,497
      -3,627
      436
      2,882
      800
      187
      20
      -2,969
      68
      -394
      193
      -1,650
      -390
      333
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 2 131,281
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 318,194 7,575,046 0.042006
2008 316,261 7,576,973 0.041740
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2 0.083746
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 0.041873
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 7,890,138
5 Multiply line 4 by line 3....................... 5 330,384
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,956
7 Add lines 5 and 6......................... 7 334,340
8 Enter qualifying distributions from Part XII, line 4.............. 8 370,670
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 3,956
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 3,956
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 3,956
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4,640
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 4,640
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 10 684
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet684 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)bullet
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (402) 536-5506
    Located atbullet1919 DOUGLAS ST 2ND FLR MACN8000-027OMAHANE ZIP+4bullet68102
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    WELLS FARGO BANK NA TRUSTEE
    2.00     		42,048 0 0
    1919 DOUGLAS ST 2ND FLR MAC
    N8000-027
    OMAHA,NE68102
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,075,373
    b
    Average of monthly cash balances.......................
    1b
    234,919
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    2,700,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,010,292
    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
    8,010,292
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    120,154
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,890,138
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    394,507
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    394,507
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,956
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,956
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    390,551
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    390,551
    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
    390,551
    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
    370,670
    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
    370,670
    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
    3,956
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    366,714
    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 7 390,551
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 112,799
    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$ 370,670
    a Applied to 2009, but not more than line 2a 112,799
    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..... 257,871
    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 ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		132,680
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CORPUS CHRISTI CHURCH
    PO BOX 994
    FORT DODGE,IA50501     		NONE PUBLIC CHARITY MAINTENANCE OF CHURCH AND CEMETERY 43,674
    FRIENDSHIP HAVEN INC
    420 KENYON ROAD
    FORT DODGE,IA50501     		NONE PUBLIC CHARITY MAINTENANCE OF LONG TERM CARE FACILITY 87,347
    IOWA HEALTH FOUNDATION
    1440 INGERSOLL AVE
    DES MOINES,IA503093114     		NONE PRIVATE FOUNDATION PHYSICAL THERAPY REHABILITATION 87,348
    MERCY HOSPITAL FOUNDATION
    6TH UNIVERSITY
    DES MOINES,IA50314     		NONE PRIVATE FOUNDATION CARDIAC CARE HEALTH SERVICES 43,674
    TRINITY HEALTH FOUNDATION
    802 KENYON ROAD
    FORT DODGE,IA505015740     		NONE PRIVATE FOUNDATION MEDICAL EQUIPMENT AND NURSING SERVICES 87,347
    Total .................................bullet 3a 349,390
    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          
    4 Dividends and interest from securities....     18 173,417  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 112,358  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 131,281  
    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).. 0 417,056 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13417,056
    (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:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      510 255   255

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    TY 2010 DepreciationSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    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
    DWELLING 2000-07-01 50,000 17,953 SL 27.500000000000 1,818 1,818    
    GARAGE 2000-07-01 10,000 10,000 SL 10.000000000000 0 0    
    GARAGE - 2 2000-07-01 2,500 2,500 SL 10.000000000000 0 0    
    BARN 2000-07-01 10,000 5,375 SL 20.000000000000 500 500    
    SHED 2000-07-01 2,000 1,129 SL 20.000000000000 100 100    
    CRIB/GRANARY 2000-07-01 5,000 2,821 SL 20.000000000000 250 250    
    MACHINE SHED 2000-07-01 10,000 5,375 SL 20.000000000000 500 500    
    BIN DRYER 36 - 1 2000-07-01 35,000 35,000 SL 10.000000000000 0 0    
    BIN DRYER 36 - 2 2000-07-01 20,000 20,000 SL 10.000000000000 0 0    
    BIN DRYER 24 2000-07-01 10,000 10,000 SL 10.000000000000 0 0    
    BIN DRYER 30 2000-07-01 15,000 15,000 SL 10.000000000000 0 0    
    BIN 21 2000-07-01 5,000 5,000 SL 10.000000000000 0 0    
    WELLS - 2 2000-07-01 2,000 1,129 SL 20.000000000000 100 100    
    TILE 2000-07-01 150,000 80,625 SL 20.000000000000 7,500 7,500    
    FENCE 2000-07-01 5,000 5,000 SL 10.000000000000 0 0    
    ROOF ON MACHINE SHED 2000-10-02 7,860 3,635 SL 20.000000000000 393 393    
    DRIVEWAY 2000-12-05 3,944 1,789 SL 20.000000000000 197 197    
    LAND 2000-07-01 1,106,285   L   0 0    

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 5/15/16 100,244 115,440
    BERKSHIRE HATHAWAY 1/15/15 101,103 109,360
    CISCO SYSTEMS INC 2/22/16 103,466 114,111
    HOME DEPOT INC 3/1/16 49,755 56,031
    HSBC HLDGS PLC 12/12/12 52,239 53,173
    NATL RUAL UTIL COOP 4/10/17 100,408 110,268
    TARGET CORP 1/15/18 101,908 115,773
    WAL MART STORE INC 6/1/13 101,814 114,718
    CISCO SYSTEMS 2.9 11/17/14 49,873 51,864
    EMERSON ELECTRIC 4.25 11/15/20 99,470 103,003
    JOHN DEERE MID-TERM NOTE 10/12 51,412 53,782
    CRH AMERICA INC 1/15/16 99,799 99,361
    JPMORGAN CHASE & CO 7/22/20 49,868 49,213
    PNC FUNDING CORP 8/11/20 49,728 49,415
    EASTMAN CHEMICAL CO 12/15/15 49,942 49,387
    EBAY INC 10/15/20 49,710 46,508
    IBM CORP 8/5/2013 99,591 99,635

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HOME DEPOT INC 26,588 29,801
    TARGET CORP 11,357 24,653
    WALT DISNEY CO 21,315 29,258
    PEPSICO INC 16,370 26,132
    PROCTER & GAMBLE CO 17,476 25,732
    CHEVRON CORP 13,191 36,500
    EXXON MOBIL CORPORATION 19,607 32,904
    SCHLUMBERGER LTD 20,963 50,100
    AFLAC INC 20,322 39,501
    MORGAN STANLEY COM 29,931 19,047
    STATE STREET CORP 25,454 23,170
    ABBOTT LABS 23,141 29,225
    JOHNSON & JOHNSON 19,928 26,596
    INTEL CORP 25,084 23,974
    MICROSOFT CORP 28,917 27,910
    ORACLE CORPORATION 24,376 27,388
    VODAFONE GROUP PLC NEW 30,292 34,372
    APACHE CORP 10,760 14,904
    NOVARTIS AG - ADR 10,119 14,738
    THERMO FISHER SCIENTIFIC 10,535 13,840
    ACCENTURE PLC 9,468 14,547
    HEWLETT PACKARD CO 9,402 10,525
    VISA INC CLASS A SHS 19,868 21,114
    MCDONALDS CORP 17,363 17,271
    CVS/CAREMARK CORPORATION 18,303 20,514
    KRAFT FOODS INC CL A 11,359 11,344
    BANK OF AMERICA CORP 20,835 19,343
    CAPITAL ONE FINANCIAL CORP 15,116 14,896
    JPMORGAN CHASE & CO 27,226 29,694
    MEDCO HEALTH SOLUTIONS INC 25,279 29,103
    BERKSHIRE HATHAWAY INC 21,789 22,030
    BOEING CO 27,276 26,104
    L-3 COMMUNICATIONS CORP 32,164 27,843
    PRECISION CASTPARTS CORP 17,325 19,489
    UNION PACIFIC CORP 21,353 23,165
    APPLE INC 23,149 29,030
    EMC CORP MASS 23,574 28,625
    AMEX MATERIALS SPDR 14,312 15,364
    ECOLAB INC 34,321 35,294
    NEXTERA ENERGY INC 23,944 25,995
    COOPER INDUSTRIES NEW IRELAND 30,158 34,974
    TEVA PHARMACEUTICAL INDUS 14,674 13,032

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    US Government Securities - End of Year Book Value:

    283,531
    US Government Securities - End of Year Fair Market Value:

    313,862
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 InvestmentsLandSchedule2
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DWELLING 50,000 19,771 30,229 0
    GARAGE 10,000 10,000   0
    GARAGE - 2 2,500 2,500   0
    BARN 10,000 5,875 4,125 0
    SHED 2,000 1,229 771 0
    CRIB/GRANARY 5,000 3,071 1,929 0
    MACHINE SHED 10,000 5,875 4,125 0
    BIN DRYER 36 - 1 35,000 35,000   0
    BIN DRYER 36 - 2 20,000 20,000   0
    BIN DRYER 24 10,000 10,000   0
    BIN DRYER 30 15,000 15,000   0
    BIN 21 5,000 5,000   0
    WELLS - 2 2,000 1,229 771 0
    TILE 150,000 88,125 61,875 0
    FENCE 5,000 5,000   0
    ROOF ON MACHINE SHED 7,860 4,028 3,832 0
    DRIVEWAY 3,944 1,986 1,958 0
    LAND 1,106,285 0 1,106,285 0

    TY 2010 InvestmentsOtherSchedule2
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WELLS FARG GOVT SECURITIES AT COST 516,148 536,036
    ISHARES MSCI PACIFIC JAPAN AT COST 25,679 51,678
    ISHARES MSCI EAFE AT COST 141,654 151,372
    ISHARES RUSSELL 2000 AT COST 52,842 62,592
    ISHARES RULLSELL 2000 VAL AT COST 68,543 88,863
    ISHARES MSCI EMERGING MKTS AT COST 94,027 157,219
    SPDR S&P MIDCAP 400 ETF AT COST 87,690 164,680
    OAKMARK INTERNATIONAL FD AT COST 100,000 115,022
    HUSSMAN STRAT GROWTH #601 AT COST 185,000 171,566
    IPATH DOW JONES-UBS COMM AT COST 27,830 24,560
    PIMCO EMERGING MKTS BOND FD AT COST 100,000 106,833
    PIMCO HIGH YIELD FD INST AT COST 100,000 107,639
    PIMCO LOW DURATION FD CL 1 AT COST 23,209 23,435
    PIMCO COMM REALRETURN STRAT AT COST 65,000 90,418
    ISHARES BARCLAYS TIPS BOND AT COST 31,826 32,256
    PIMCO PREFERRED SECURITIES INS AT COST 35,000 36,049
    TEMPLETON GLOBAL BOND ADV AT COST 50,000 50,786
    ISHARES INC MSCI SOUTH AFRICA AT COST 26,022 33,606
    ISHARES INC MSCI SOUTH KOREA AT COST 20,888 26,006
    DIAMOND HILL LONG-SHORT FD AT COST 125,000 127,090
    GATEWAY FUND Y AT COST 125,000 126,015
    EII INTL PROPERTY AT COST 20,000 19,695
    PRINCIPAL INV RE SECURITIES AT COST 20,000 20,050
    VANGUARD REIT VIPER AT COST 47,302 49,833

    TY 2010 LegalFeesSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      3 2   1


    TY 2010 OtherAssetsSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS 3,169 1,241  


    TY 2010 OtherExpensesSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT INTEREST EXP 179 179   0
    ADR FEES 41 41   0
    MANAGEMENT FEES 11,443 11,443   0
    REPAIRS AND MAINTENANCE 188 188   0
    UTILITIES 81 81   0
    FERTILIZERS AND LIME 22,369 22,369   0
    SEED 25,433 25,433   0
    STORAGE AND WAREHOUSING 1,372 1,372   0
    INSURANCE 4,353 4,353   0


    TY 2010 TaxesSchedule
    Name:
    GEORGE F MURPHY PERPETUAL CHARITABLE TRUST
    EIN: 42-6595689
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 998 0   0
    EXCISE TAX ESTIMATES 3,506 0   0
    PROPERTY TAX 12,067 12,067   0