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 02-01-2010 , and ending 01-31-2011
G
Check all that apply:
Name of foundation
CHAMBERS FOUNDATION
CAPITAL ONE N A

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 3928   Room/suite
City or town, state, and ZIP code
BEAUMONT, TX777043928
A Employer identification number

20-2123840
B Telephone number (see page 10 of the instructions)

(409) 880-1416
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$12,394,288J 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 157,289 157,289 157,289
4 Dividends and interest from securities...... 79,884 79,884 79,884
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 68,046
b Gross sales price for all assets on line 6a 2,712,666
7 Capital gain net income (from Part IV, line 2)... 68,046
8 Net short-term capital gain......... 26,218
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 21,394 21,394 21,394
12 Total. Add lines 1 through 11........ 326,613 326,613 284,785
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 99,980 49,990   49,990
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,739 1,870   1,869
c Other professional fees (attach schedule).... Click to see attachment 7,276 7,276    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 12,171 1,946   10,225
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 47,768 540   47,228
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 170,934 61,622   109,312
25 Contributions, gifts, grants paid........ 423,470 423,470
26 Total expenses and disbursements. Add lines 24 and 25 594,404 61,622   532,782
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -267,791
b Net investment income (if negative, enter -0-) 264,991
c Adjusted net income (if negative, enter -0-)... 284,785
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 322,883 12,841 12,841
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) 674,297 Click to see attachment1,061,458 1,125,024
b Investments—corporate stock (attach schedule)........ 5,962,376 Click to see attachment5,811,927 7,238,873
c Investments—corporate bonds (attach schedule)........ 3,083,352 Click to see attachment2,868,709 3,013,828
11 Investments—land, buildings, and equipment: basis bullet9,011
Less: accumulated depreciation (attach schedule) bullet   9,011 Click to see attachment9,011 10,832
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,890 Click to see attachment2,890 2,890
14 Land, buildings, and equipment: basis bullet794,599
Less: accumulated depreciation (attach schedule) bullet   774,417 Click to see attachment794,599 990,000
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,829,226 10,561,435 12,394,288
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
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......... 11,997,604 11,997,604
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -1,168,378 -1,436,169
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,829,226 10,561,435
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,829,226 10,561,435
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 10,829,226
2 Enter amount from Part I, line 27a...................... 2 -267,791
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 10,561,435
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 10,561,435
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 730 FPL GROUP INC P 2009-11-17 2010-02-12
b 1440"BMC SOFTWARE INC" P 2009-11-17 2010-04-29
c 105"EDISON INTL COM" P 2010-02-12 2010-06-21
d 90 INTUITIVE SURGICAL INC P 2008-04-24 2010-02-12
e 125 ORACLE CORP P 2009-02-13 2010-06-21
200000 US TREASURY NOTE 4.5% P 2007-11-16 2010-06-09
65 GENZYME CORP P 2009-11-17 2010-06-21
275 BERKSHIRE HATHAWAY INC P 2007-11-26 2010-06-21
1600"EDISON INTL COM" P 2010-02-12 2010-09-29
10 INTUITIVE SURGICAL INC P 2008-04-24 2010-06-21
20 OCCIDENTAL PETE CORP P 2010-02-12 2010-06-21
150000 US TREASURY NOTE 4.5% P 2010-04-23 2010-09-16
100000 J P M CHASE COML MTG SECS P 2008-04-22 2010-08-09
10 BOSTON PPTYS INC P 2008-09-09 2010-06-21
120 E M C CORP P 2010-04-29 2010-06-21
20 JUNIPER NETWORKS INC P 2008-06-27 2010-06-21
3885 ROYCE PENN MUT FUND 260 P 2009-11-04 2010-06-21
150000 US TREASURY NOTE 2.25% P 2010-03-08 2010-04-23
885 MCAFEE INC P 2009-11-17 2010-04-29
105"CATERPILLAR INC COM" P 2008-09-09 2010-06-21
95"EXELON CORP COM" P 2007-11-26 2010-06-21
1425 JUNIPER NETWORKS INC P 2009-11-17 2010-06-23
50 PEPSICO INC P 2004-06-25 2010-06-21
2345 VANG S-C GRWTH IDX FD P 2009-11-19 2010-06-21
MERRILL LYNCH CLASS ACTION P    
35"CELGENE CORP COM" P 2007-12-11 2010-06-21
1115"EXELON CORP COM" P 2009-11-17 2010-09-29
100000 J P MORGAN CHASE & CO NTS P 2007-10-26 2010-04-22
5 PROCTER & GAMBLE P 2004-06-25 2010-06-21
2261 VODAFONE GROUP P 2009-07-09 2010-09-29
2674.87 MTG PASSTHRU CTF A SB 5.2438 P 2007-10-25 2010-12-12
1060 CONOCOPHILLIPS P 2009-11-17 2010-02-12
15 FREEPORT-MCMORAN C&G P 2008-09-09 2010-06-21
230 LIFE TECHNOLOGIES CORP P 2010-04-29 2010-06-21
1475 PROGRESS ENERGY INC P 2009-11-17 2010-02-12
309 VODAFONE GROUP P 2010-06-21 2010-09-29
2630.86 MTG PASSTHRU CTF A SB 5.2438 P 2007-10-25 2011-01-12
305"COSTCO WHSL CORP P 2007-11-26 2010-03-04
100M FED HOME LOAN BKS P 2007-10-24 2010-03-08
355 LIFE TECHNOLOGIES CORP P 2010-04-29 2010-09-29
115 PROLOGIS P 2008-06-27 2010-06-21
1245 VERIZON COMMUNICATIONS P 2009-11-17 2010-02-12
100000 TEXTRON FINL CORP MED TERM N P 2007-10-29 2010-11-01
145"COSTCO WHSL CORP P 2007-11-26 2010-06-21
21787.45 FIDELITY ADVISOR MID CAP II P 2009-11-04 2010-06-21
45 LOCKHEED MARTIN CORP P 2004-06-25 2010-06-21
425 TRANSOCEAN LTD P 2009-11-17 2010-03-04
160 WELLPOINT INC P 2010-02-12 2010-06-21
105 APPLE INC P 2005-05-26 2010-06-21
40 CISCO SYS INC P 2007-11-26 2010-06-21
65 FLUOR CORP P 2008-08-19 2010-06-21
25 MONSANTO CO P 2007-11-26 2010-06-21
615 RESEARCH IN MOTION LTD P 2010-06-21 2010-06-23
660 WELLPOINT INC P 2010-02-12 2011-01-19
355 ABBOTT LABS P 2009-11-17 2010-02-12
110"CSX CORP COM" P 2007-09-18 2010-06-21
170 GENERAL ELEC CO P 2004-05-02 2010-06-21
730 MONSANTO CO P 2009-11-02 2010-10-01
20 SYBASE INC P 2010-04-29 2010-06-21
340 WAL MART STORES P 2007-11-26 2010-06-21
20 AMGEN INC P 2009-07-09 2010-06-21
95 CVS CAREMARK CORP P 2009-11-02 2010-06-21
795 GILEAD SCIENCES INC P 2009-07-09 2010-04-29
4400 MERIDIAN VALUE FUND P 2009-12-22 2010-06-21
800 SYBASE INC P 2010-04-29 2010-06-23
40 YUM BRANDS INC P 2005-11-14 2010-06-21
485 AMGEN INC P 2009-11-17 2010-08-31
615 DISNEY WALT CO P 2007-03-14 2010-03-04
140 GENERAL MILLS INC P 2008-10-03 2010-06-21
285 NOBLE ENERGY INC P 2009-11-17 2010-06-21
60 STRYKER CORP P 2007-04-19 2010-06-21
40 AMERICAN TOWER CORP P 2010-02-12 2010-06-21
190 DISNEY WALT CO P 2007-03-14 2010-06-21
10 GOOGLE INC P 2008-09-09 2010-06-21
705 NOVARTIS AG P 2007-10-05 2010-02-12
200 SYSCO CORP P 2007-03-12 2010-06-21
15 BOEING CO P 2004-06-25 2010-06-21
270 DEVON ENERGY CORP P 2009-04-08 2010-06-21
105 HONEYWELL INTERNATIONAL P 2007-11-26 2010-06-21
445 NOVARTIS AG P 2009-11-17 2011-01-19
1010 TJX COS INC P 2010-06-21 2011-01-14
315"BLACKROCK INC COM" P 2008-10-03 2010-06-15
525 DEVON ENERGY CORP P 2009-04-08 2010-10-01
30IBM CORP P 2004-06-25 2010-06-21
185 NEWS CORP P 2010-03-04 2010-06-21
60 TEXAS INSTRS INC P 2009-06-02 2010-06-21
(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 33,304   46,594 -13,290
b 57,727   51,261 6,466
c 3,597   3,421 176
d 29,561   25,708 3,853
e 2,907   2,236 671
210,383   202,272 8,111
3,464   3,311 153
21,992   24,922 -2,930
55,311   52,128 3,183
3,532   2,823 709
1,730   1,590 140
156,498   155,851 647
102,438   99,024 3,414
808   1,030 -222
2,321   2,360 -39
512   447 65
38,462   33,955 4,507
150,117   151,273 -1,156
35,261   34,521 740
7,003   6,586 417
3,882   7,620 -3,738
34,672   23,388 11,284
3,218   2,754 464
41,952   36,957 4,995
33     33
1,923   1,774 149
47,693   65,398 -17,705
102,011   99,889 2,122
306   219 87
56,770   53,990 2,780
2,675   2,687 -12
51,459   42,068 9,391
1,035   1,015 20
11,895   12,781 -886
55,016   55,180 -164
7,750   6,436 1,314
2,631   2,642 -11
18,460   19,996 -1,536
102,443   100,094 2,349
16,849   19,727 -2,878
1,350   6,406 -5,056
35,838   39,296 -3,458
100,000   100,000  
8,418   9,506 -1,088
328,991   291,976 37,015
3,604   2,350 1,254
35,223   29,601 5,622
8,893   9,541 -648
28,950   4,293 24,657
942   1,112 -170
3,047   4,688 -1,641
1,258   2,245 -987
36,473   54,977 -18,504
40,908   39,356 1,552
19,118   18,115 1,003
6,188   4,383 1,805
2,766   5,120 -2,354
35,037   59,730 -24,693
1,292   868 424
17,371   15,364 2,007
1,134   1,159 -25
3,048   3,399 -351
32,316   34,762 -2,446
108,414   105,357 3,057
51,655   34,724 16,931
1,738   974 764
24,969   28,106 -3,137
19,949   20,362 -413
5,300   4,921 379
18,787   19,047 -260
3,102   3,951 -849
1,824   1,705 119
6,714   6,291 423
4,938   4,190 748
37,728   38,384 -656
6,210   6,433 -223
1,028   768 260
18,736   12,750 5,986
4,544   5,606 -1,062
25,418   22,484 2,934
46,289   39,220 7,069
50,746   63,935 -13,189
34,229   24,783 9,446
3,932   2,705 1,227
2,575   2,538 37
1,530   1,211 319
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       -13,290
b       6,466
c       176
d       3,853
e       671
      8,111
      153
      -2,930
      3,183
      709
      140
      647
      3,414
      -222
      -39
      65
      4,507
      -1,156
      740
      417
      -3,738
      11,284
      464
      4,995
      33
      149
      -17,705
      2,122
      87
      2,780
      -12
      9,391
      20
      -886
      -164
      1,314
      -11
      -1,536
      2,349
      -2,878
      -5,056
      -3,458
       
      -1,088
      37,015
      1,254
      5,622
      -648
      24,657
      -170
      -1,641
      -987
      -18,504
      1,552
      1,003
      1,805
      -2,354
      -24,693
      424
      2,007
      -25
      -351
      -2,446
      3,057
      16,931
      764
      -3,137
      -413
      379
      -260
      -849
      119
      423
      748
      -656
      -223
      260
      5,986
      -1,062
      2,934
      7,069
      -13,189
      9,446
      1,227
      37
      319
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 68,046
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 26,218
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 552,697 9,811,140 0.056334
2008 570,903 10,871,299 0.052515
2007 671,513 12,462,016 0.053885
2006 921,828 12,297,050 0.074963
2005 447,339 11,720,182 0.038168
2 Total of line 1, column (d) ...................... 2 0.275865
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 0.055173
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 10,568,150
5 Multiply line 4 by line 3....................... 5 583,077
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,650
7 Add lines 5 and 6......................... 7 585,727
8 Enter qualifying distributions from Part XII, line 4.............. 8 532,782
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 5,300
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 5,300
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 5,300
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 9,662
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 9,662
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 4,362
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet4,362 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)bulletTX
    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 ofbulletCAPITAL ONE N A Telephone no.bullet (409) 880-1416
    Located atbulletP O BOX 3928BEAUMONTTX ZIP+4bullet777043928
    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
     
     
    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
     
     
    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
    CAPITAL ONE NAClick to see attachment TRUSTEE
    6.00     		99,980 0 0
    P O BOX 3928
    BEAUMONT,TX777043928
    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  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 AMOUNTS PAID TO MAINTAIN AND RESTORE THE HISTOTICAL SITE LOCATED AT 2240 CALDER AVE, BEAUMONT, TEXAS. THIS PROPERTY IS OWNED BY THE FOUNDATION BUT SERVES AS THE HEADQUARTERS FOR THE BEAUMONT HERITAGE SOCIETY. THE PROPERTY IS USED TO EDUCATE THE PUBLIC ON THE HISTORY OF THE BEAUMONT AREA. 57,453
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    10,596,906
    b
    Average of monthly cash balances.......................
    1b
    119,463
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    12,717
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,729,086
    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
     
    3
    Subtract line 2 from line 1d..........................
    3
    10,729,086
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    160,936
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,568,150
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    528,408
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    528,408
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    5,300
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,300
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    523,108
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    523,108
    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
    523,108
    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
    532,782
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    532,782
    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
    532,782
    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 7 523,108
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007....... 64,230
    d From 2008....... 32,061
    e From 2009....... 68,106
    fTotal of lines 3a through e......... 164,397
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 532,782
    a Applied to 2009, but not more than line 2a  
    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..... 523,108
    e Remaining amount distributed out of corpus 9,674
    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 5 174,071
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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 ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    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) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		174,071
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007.... 64,230
    c Excess from 2008.... 32,061
    d Excess from 2009.... 68,106
    e Excess from 2010.... 9,674
    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
    BEAUMONT HERITAGE SOCIETY
    3025 FRENCH ROAD
    BEAUMONT,TX77706     		  501(C)(3) HISTORICAL PROPERTY PRESERVATION 254,082
    TYRRELL HISTORICAL LIBRAR
    395 N PEARL
    BEAUMONT,TX77701     		    HISTORICAL BUILDING & LIBRARY 42,347
    AMERICAN RED CROSS-BEAUMO
    706 MAGNOLIA STREET
    BEAUMONT,TX77701     		    HUMANITARIAN SERVICES TO THE NEEDY 42,347
    ART MUSEUM OF SE TEXAS
    500 MAIN
    BEAUMONT,TX77701     		    ARTS 42,347
    FIRST UNITED METHODIST CH
    701 CALDER
    BEAUMONT,TX77701     		    RELIGIOUS ORGANIZATION 42,347
    Total .................................bullet 3a 423,470
    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         157,289
    4 Dividends and interest from securities....     14 79,884  
    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.....     15 21,394  
    8Gain or (loss) from sales of assets other than inventory         68,046
    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)..   101,278 225,335
    13Total. Add line 12, columns (b), (d), and (e)...................
    13326,613
    (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:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 3,739 1,870   1,869

    TY 2010 CompensationExplanation
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Person Name Explanation
    CAPITAL ONE NA  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS NT 5.875% DTD 05/12/06 102,717 115,643
    AMERICAN GEN FIN CORP MT NT 5.625% 100,325 99,750
    BANC AMER CMBS SER 2001 6.228% 152,551 152,030
    BANK AMER CORP SUB NT 5.375% 100,413 102,533
    BANK NEW YORK MTN BK ENT FR 4.30% 150,770 161,886
    CHEVRON CORP SR NT 3.45% DTD 3/3/09 152,888 154,374
    CISCO SYS INC SR NT 5.5% DTD 2/22/06 104,073 113,989
    CONOCOPHILLIPS GTD NT 4.75% 101,665 109,261
    DISNEY WALT CO SR NT 4.5% 102,089 109,223
    EMERSON ELEC CO NT 5.625% 184,762 195,377
    FEDERAL HOME LOAN BKS CONS BD 4.375%    
    FEDERAL HOME LN MTG CORP REF 5.50% 156,414 154,865
    FEDERAL HOME LN MTG CORP DEB 4.50% 153,425 166,180
    GENERAL DYNAMICS CORP NT 5.25% 154,016 166,124
    GENERAL ELEC CAP CORP MED TERM 5.625 101,623 109,693
    IBM INTL GROUP CAL LLC NT 5.05% 100,365 107,258
    J P MORGAN CHASE & CO NTS 4.50%    
    JPMORGAN CHASE & CO SR NT 4.95% 99,491 101,750
    J P MORGAN CHASE COML MTG SECS 5.197 101,917 102,143
    J P MORGAN CHASE COML MTG SECS 5.716    
    JOHNSON & JOHNSON 5.55% 100,367 116,610
    MERRILL LYNCH MTG TR 5.2438% 145,320 151,535
    NORTHERN TR CORP SR NT 3.45% 100,827 95,668
    PROCTOR & GAMBLE CO NT 4.95% 100,118 111,563
    TEXTRON FINL CORP NTS 5.125%    
    UNITED PARCEL SERVICE INC NT 3.875% 102,281 107,488
    VERIZON PA INC DEB SER A 5.65% 100,612 103,843
    WELLS FARGO & CO NEW SUB NT 4.625% 99,680 105,042

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS COM 38,537 34,322
    BUNGE LIMITED COM 50,106 46,628
    AMGEN INC COM    
    AMERICAN TOWER CORP CL A 34,314 40,942
    APACHE CORP. 37,922 67,438
    APPLE COMPUTER INC. 16,356 135,728
    BMC SOFTWARE INC    
    BERKSHIRE HATHAWAY INC 120,952 141,019
    BLACKROCK INC    
    BOEING CO 51,511 73,996
    BOSTON PPTYS INC 41,797 38,692
    CSX CORP 25,900 45,890
    CARDINAL HEALTH INC COM 25,611 25,944
    CATERPILLAR INC 29,578 66,452
    CELGENE CORP 33,067 34,267
    CHEVRON CORP 48,883 68,824
    CISCO SYS INC. 55,167 49,174
    COCA COLA CO. 53,450 65,678
    CONOCOPHILLIPS    
    COSTCO WHSL CORP 32,586 45,259
    DISNEY WALT CO 33,288 40,230
    DOMINION RES INC VA NEW COM 55,504 54,860
    DUPONT E I DE NEMOURS & CO 35,091 39,784
    E M C CORP MASS COM 55,760 70,563
    ENSCO PLC 40,195 49,178
    EXELON CORP    
    EXXON MOBIL CORP. 58,797 93,105
    FPL GROUP INC    
    FEDEX CORP. 55,140 62,772
    F5 NETWORKS INC COM 34,968 51,481
    FLUOR CORP 50,518 53,622
    FLOWSERVE CORP 34,752 46,871
    FREEPORT-MCMORAN COPPER & GOLD INC 42,252 71,558
    GENERAL ELECTRIC CO. 67,167 67,771
    GENERAL MILLS INC 29,925 33,737
    GENZYME CORP COM 34,820 50,245
    GILEAD SCIENCES INC. 25,019 29,553
    GOLDMAN SACHS GROUP INC COM 71,790 86,719
    GOOGLE INC. 50,989 93,056
    HONEYWELL INTERNATIONAL INC 37,316 47,328
    INTERNATIONAL BUSINESS MACHS CORP. 55,934 102,060
    INTUITIVE SURGICAL INC 19,075 33,906
    J P MORGAN CHASE & CO 118,274 146,954
    JOHNSON & JOHNSON COM. 52,215 55,586
    JUNIPER NETWORKS    
    LOCKHEED MARTIN CORP. 32,631 45,770
    MACYS INC COM 46,373 46,647
    MEDCO HEALTH SOLUTIONS INC COM 41,291 39,053
    MEDTRONIC INC. 39,421 36,404
    MONSANTO CO    
    MORGAN STANLEY COM NEW 64,641 62,475
    MOSAIC CO 35,949 67,668
    NII HLDGS INC COM NEW 24,571 24,978
    NEWS CORP CL A 36,156 39,578
    NOBLE ENERGY INC COM 37,056 50,561
    NORTHEAST UTILITIES COM 48,028 52,837
    NOVARTIS AG SPONSORED ADR 27,853 37,985
    OCCIDENTAL PETE CORP COM 50,097 60,908
    ORACLE CORP COM 43,523 75,751
    PEPSICO INC. 47,659 55,307
    PROCTER & GAMBLE CO. 45,955 66,350
    PROGRESS ENERGY INC COM    
    PROLOGIS SH BEN INT 28,699 27,826
    QUALCOMM INC. 47,392 69,286
    SALESFORCE COM INC COM 36,910 51,656
    RESEARCH IN MOTION LTD    
    SCHLUMBERGER LTD. 20,420 53,394
    SPECTRA ENERGY CORP 43,893 54,952
    STARBUCKS CORP 34,346 41,620
    STRYKER CORP. 32,917 40,580
    SYSCO CORP 30,434 34,385
    TJX COS INC NEW COM    
    TARGET CORP. 80,037 85,535
    TEVA PHARMACEUTICAL INDS LTD ADR 40,523 37,982
    TEXAS INSTRS INC. 57,935 97,322
    TRANSOCEAN, LTD ZUG NAMEN AKT    
    US BANCORP DEL 81,278 83,565
    VERIZON COMMUNICATIONS INC. 57,112 62,335
    VMWARE INC CL A 52,041 64,140
    VODAFONE GROUP PLC    
    WAL MART STORES INC. 33,400 40,370
    WELLS FARGO & CO NEW COM 90,151 104,879
    YUM BRANDS INC. 31,062 59,619
    JANUS ENTERPRISE FUND CLASS T 368,590 464,057
    FIDELITY ADVISOR MID CAP II FUND    
    MERIDAN VALUE FUND 534,737 655,844
    ROYCE PENNSYLVANIA MUTUAL FUND 322,785 434,688
    THORNBURG INTERNATIONAL VALUE FUND 1,043,737 1,081,288
    VANGUARD SMALL CAP GRWTH IDX FD 214,463 301,418
    CVS CAREMARK CORP COM 39,535 39,159
    CAMERON INTL CORP COM 39,453 51,435
    DEVON ENERGY CORP NEW COM    
    KIMBERLY CLARK CORP COM 36,505 37,867
    MASTERCARD INC CL A 37,842 40,207
    MCAFEE INC COM    

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    US Government Securities - End of Year Book Value:

    178,277
    US Government Securities - End of Year Fair Market Value:

    235,043
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2010 InvestmentsLandSchedule2
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND IN JEFFERSON COUNTY, TX 860   860 1,870
    LAND IN HARDIN COUNTY, TX 7,010   7,010 7,340
    LAND IN HARRIS COUNTY, TX 130   130 611
    LAND IN LIBERTY COUNTY, TX 1,002   1,002 1,002
    OIL&GAS MINERAL INT,HARDIN COTX, MI 2   2 2
    OIL&GAS MINERAL INT,OUACHITA CO,AR 1   1 1
    OIL&GAS MINERAL INT,CALCASIEU PA,LA 1   1 1
    OIL&GAS MINERAL INT,LIBERTY CO, TX 1   1 1
    OIL&GAS MINERAL INT,CALCASIEU PA, LA 1   1 1
    OIL&GAS MINERAL INT, JEFFERSON COTX 2   2 2
    OIL&GAS MINERAL INC,CALIBORNE PA, LA 1   1 1

    TY 2010 InvestmentsOtherSchedule2
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MINOR OIL COMPANY STOCK CERTIFICATES AT COST 2,890 2,890

    TY 2010 LandEtcSchedule2
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND & HISTORICAL HOME -AVERILL        
    ADDITION, JEFFERSON COUNTY, TX 794,599   794,599 990,000


    TY 2010 OtherExpensesSchedule
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BLANKET INSURANCE 464 464    
    FEES 76 76    
    INSURANCE - CHARITABLE PURPOS 8,732     8,732
    REPAIRS TO CHARITABLE USE PRO 38,496     38,496


    TY 2010 OtherIncomeSchedule2
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTIES 21,394 21,394 21,394


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE FEES 6,502 6,502    
    MINERAL MANAGEMENT FEE-SAMSON LA 774 774    


    TY 2010 TaxesSchedule
    Name:
    CHAMBERS FOUNDATION
    CAPITAL ONE N A
    EIN: 20-2123840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OIL & GAS PRODUCTION TAXES 530 530    
    PROPERTY TAXES-CHARITABLE PURPOS 10,225     10,225
    PROPERTY TAXES-INVESTMENT PROPER 1,059 1,059    
    FOREIGN TAXES 357 357