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
William E Schrafft & Bertha E Schrafft
Charitable Trust

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 961449   Room/suite
City or town, state, and ZIP code
Boston, MA02196
A Employer identification number

04-6065605
B Telephone number (see page 10 of the instructions)

(617) 469-2271
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$32,302,120J 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 500 500  
4 Dividends and interest from securities...... 573,694 573,694  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -914,293
b Gross sales price for all assets on line 6a 13,699,562
7 Capital gain net income (from Part IV, line 2)... 0
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........ -340,099 574,194  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 64,000 10,200   0
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 7,200 0   0
c Other professional fees (attach schedule).... Click to see attachment 119,521 119,521   0
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 90,411 3,299   0
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 31,772 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 312,904 133,020   0
25 Contributions, gifts, grants paid........ 1,311,000 1,311,000
26 Total expenses and disbursements. Add lines 24 and 25 1,623,904 133,020   1,311,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,964,003
b Net investment income (if negative, enter -0-) 441,174
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...............      
2 Savings and temporary cash investments.......... 440,139 300,398 300,398
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 29,396,025 Click to see attachment32,001,722 32,001,722
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,836,164 32,302,120 32,302,120
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) Click to see attachment14,094 Click to see attachment100,955
23 Total liabilities (add lines 17 through 22).......... 14,094 100,955
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 29,822,070 32,201,165
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 29,822,070 32,201,165
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 29,836,164 32,302,120
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 29,822,070
2 Enter amount from Part I, line 27a...................... 2 -1,964,003
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,343,098
4 Add lines 1, 2, and 3.......................... 4 32,201,165
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 32,201,165
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 Publicly Traded Securities P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 13,699,562   14,613,855 -914,293
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -914,293
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -914,293
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 1,362,000 27,425,616 0.049662
2008 1,628,500 31,242,044 0.052125
2007 1,958,890 35,950,062 0.054489
2006 1,797,929 33,820,166 0.053161
2005 1,634,005 31,858,673 0.051289
2 Total of line 1, column (d) ...................... 2 0.260726
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 0.052145
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 29,242,084
5 Multiply line 4 by line 3....................... 5 1,524,828
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,412
7 Add lines 5 and 6......................... 7 1,529,240
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,311,000
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 8,823
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 8,823
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 8,823
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 27,862
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 27,862
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 19,039
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet19,039 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
    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)bulletMA
    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 addressbulletschrafftcharitable.org
    14
    The books are in care ofbulletShabshelowitz Co CPA's Telephone no.bullet (508) 672-2182
    Located atbullet263 Walnut StreetFall RiverMA ZIP+4bullet02720
    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
    Arthur Parker Trustee
    5.00     		16,000 0 0
    PO Box 961449
    Boston,MA02196
    Lavinia B Chase Trustee
    3.00     		14,000 0 0
    PO Box 961449
    Boston,MA02196
    Kristen J McCormack Trustee
    3.00     		14,000 0 0
    PO Box 961449
    Boston,MA02196
    Karen Faulkner Executive Director
    6.00     		20,000 0 0
    PO Box 961449
    Boston,MA02196
    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
    Middleton & Co Investment Advisors 62,473
    600 Atlantic Avenue
    Boston,MA02210
    Beck Mack & Oliver LLC Investment Advisors 50,317
    360 Madison Avenue
    New York,NY10017
    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
    28,766,980
    b
    Average of monthly cash balances.......................
    1b
    920,415
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,687,395
    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
    29,687,395
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    445,311
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,242,084
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,462,104
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,462,104
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    8,823
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,823
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,453,281
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,453,281
    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
    1,453,281
    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
    1,311,000
    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
    1,311,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    1,311,000
    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 1,453,281
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007....... 156,761
    d From 2008....... 87,032
    e From 2009....... 2,804
    fTotal of lines 3a through e......... 246,597
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 1,311,000
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 1,311,000
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 142,281 142,281
    (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 5 104,316
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		104,316
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007.... 14,480
    c Excess from 2008.... 87,032
    d Excess from 2009.... 2,804
    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:
    Karen Faulkner co Schrafft Charitab
    PO Box 961449
    Boston,MA02196
    (617) 357-5101
    bThe form in which applications should be submitted and information and materials they should include:
    Please See www.schrafftcharitable.org
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Generally, must be a Massachusetts tax exempt organization in existence for at least three years.
    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
    African Community Economic Develop of NE
    16 John Eliot Square
    Roxbury,MA02119     		None Public Charity Youth Enrichment Program 5,000
    AGM Summer Program
    55 Court St
    Boston,MA02108     		None Public Charity Summer Program 80,000
    American Scores New England
    150 Mount Vernon St
    Dorchester,MA02125     		None Public Charity Youth Development Program 8,000
    Appalacian Mountain Club
    Five Joy St
    Boston,MA02108     		None Public Charity Youth Opportunities Program 10,000
    Artists for Humanity
    100 West Second St
    Boston,MA02127     		None Public Charity Operating 15,000
    BELL
    60 Clayton St
    Dorchester,MA02122     		None Public Charity Summer Program 10,000
    Berklee College of Music
    1140 Boylston St MS-11401A
    Boston,MA02215     		None Public Charity Summer Scholarship Program 20,000
    Big Brothers Big Sisters of MA Bay
    75 Federal St 5th Fl
    Boston,MA02110     		None Public Charity Operating 15,000
    Big Sister Association of Greater Boston
    161 Massachusestts Ave
    Boston,MA02115     		None Public Charity Operating 20,000
    Black Ministerial Alliance of Greater Boston
    2326R Washington St
    Roxbury,MA02119     		None Public Charity Victory Generation After-School Program 8,000
    Boston Archdiocesan Choir School
    29 Mount Auburn St
    Cambridge,MA02138     		None Public Charity Scholarship 15,000
    Boston Arts Academy
    174 Ipswich St
    Boston,MA02215     		None Public Charity Operating 20,000
    Boston Ballet
    19 Clarendon St
    Boston,MA02116     		None Public Charity City Dance 20,000
    Boston Center for the Arts
    539 Tremont St
    Boston,MA02116     		None Public Charity Art Morpheus 2,500
    Boston Childrens' Chorus
    112 Shawmut Ave Ste B
    Boston,MA02118     		None Public Charity Operating 15,000
    Boston Childrens' Museum
    308 Congress St
    Boston,MA02038     		None Public Charity Sponsored Visits 20,000
    Boston Chinatown Neighborhood Center
    885 Washington St
    Boston,MA02111     		None Public Charity Oak St. Youth Center 10,000
    Boston Collegiate Charter School
    11 Mayhew St
    Dorchester,MA02125     		None Public Charity Operating 10,000
    Boston Conservatory
    8 The Fenway
    Boston,MA02115     		None Public Charity Vocal, Choral & Summer Dance 5,000
    Boston Education Funders
    55 Court St AGM Ste 520
    Boston,MA02108     		None Public Charity Operating 1,000
    Boston Employment Services
    651 Washington St
    Dorchester,MA02124     		None Public Charity Operating 8,000
    Boston Family Boat Building
    133 Paul Gore St
    Boston,MA02130     		None Public Charity Operating 2,500
    Boston Learning Center Inc
    2028 Ashmont St
    Boston,MA02124     		None Public Charity BIFF Alumni Program 15,000
    Boston Symphony Orchestra
    Symphony Hall
    Boston,MA02115     		None Public Charity Days in Art 15,000
    Bottom Line
    555 Armory St Ste 2
    Jamaica Plain,MA02130     		None Public Charity Operating 15,000
    Boys & Girls Club of Boston
    50 Congress St Ste 730
    Boston,MA02109     		None Public Charity Operating 23,000
    Boys & Girls Club of Dorchester
    1135 Dorchester Ave
    Dorchester,MA02125     		None Public Charity Operating 15,000
    Breakthrough Cambridge
    PO Box 381486
    Cambridge,MA02238     		None Public Charity Summer Academic Enrichment Program 20,000
    Bridge Over Troubled Waters
    47 West St
    Boston,MA02111     		None Public Charity Education and Career Development Program 15,000
    Cambridge School Volunteers
    459 Brodway
    Cambridge,MA02138     		None Public Charity Operating 25,000
    Cantata Singers Inc
    161 First St Ste 203
    Cambridge,MA02142     		None Public Charity Classroom Cantatas 10,000
    Catholic Schools Foundation
    260 Franklin St
    Boston,MA02110     		None Public Charity Inner-City Scholarship Fund 20,000
    Citizen Schools Inc
    308 Congress St
    Boston,MA02210     		None Public Charity Preparing Students for Success 17,000
    City on a Hill Foundation
    320 Huntington Ave
    Boston,MA02115     		None Public Charity COAH Corps Tutorial Program 15,000
    City Sprouts
    25 River St
    Cambridge,MA02139     		None Public Charity Operating 5,000
    City Year
    287 Columbus Ave
    Boston,MA02116     		None Public Charity Whole School, Whole Child Initiative 20,000
    Codman Academy Charter Public School
    637 Washington St
    Dorchester,MA02124     		None Public Charity Art Program 10,000
    Commonwealth School
    151 Commonwealth Ave
    Boston,MA02126     		None Public Charity Scholarship & Homework Project 20,000
    Community Charter School of Cambridge
    245 Bent St
    Cambridge,MA02141     		None Public Charity College Application Program 18,000
    Community Music Center of Boston
    34 Warren Ave
    Boston,MA02116     		None Public Charity Intensive Study Program 10,000
    Cristo Rey Boston High School
    100 Savin Hill Ave
    Roxbury,MA02125     		None Public Charity Scholarship 15,000
    Earthen Vessels
    170 Appleton St
    Cambridge,MA02138     		None Public Charity Educational Empowerment 10,000
    East Boston Ecumenical Council
    50 Meredian St Ste B1
    East Boston,MA02128     		None Public Charity ASPIRE 15,000
    Elizabeth Seton Academy
    2220 Dorchester Ave
    Dorchester,MA02124     		None Public Charity Operating 5,000
    Epiphany School
    154 Centre St
    Dorchester,MA02124     		None Public Charity Operating 15,000
    Federated Dorchester Neighborhood Houses Inc
    18 Samoset St
    Dorchester,MA02124     		None Public Charity Art la Carte 12,000
    First Night Inc
    36 Bromfield St Ste 204
    Boston,MA02108     		None Public Charity First Neighborhood Network 5,000
    Girl Scouts of Eastern Massachusetts
    95 Berkeley St
    Boston,MA02116     		None Public Charity Diversity Initiative 15,000
    Gordon College
    255 Grapevine Rd
    Wenham,MA01984     		None Public Charity Clarendon Scholars Program/Urban Studies 35,000
    Haley House Bakery Cafe & Training Program
    23 Dartmouth St
    Boston,MA02116     		None Public Charity Take Back the Kitchen 15,000
    Handel & Hayden Society
    300 Massachusetts Ave
    Boston,MA02115     		None Public Charity Levy Educational Outreach Program 15,000
    Hopefound
    264 Huntington Ave
    Boston,MA02115     		None Public Charity Operating 5,000
    Inquilinos Boricuas en Accion
    405 Shawmut Ave
    Boston,MA02118     		None Public Charity IBA Cacique Youth Learning Center 15,000
    Institute of Contemporary Art Inc
    100 Northern Ave
    Boston,MA02210     		None Public Charity Teen Education Program 19,000
    Isabella Stewart Gardner Museum
    2 Palace Rd
    Boston,MA02115     		None Public Charity School Partnership Program 12,000
    JFY Networks
    125 Tremont St
    Boston,MA02108     		None Public Charity Operating 20,000
    Lasell College
    1844 Commonwealth Ave
    Newton,MA02466     		None Public Charity Scholarship 20,000
    Manomet Center for Conservation Sciences
    PO Box 1770
    Manomet,MA02345     		None Public Charity Operating 5,000
    Many Hands Sustainability Center
    411 Sheldon Rd
    Barre,MA01005     		None Public Charity Operating 2,500
    Massachusetts Institute of Technology
    77 Massachusetts Ave
    Cambridge,MA02139     		None Public Charity STEM Program 10,000
    Match School Foundation
    1001 Commonwealth Ave
    Boston,MA02215     		None Public Charity Operating 10,000
    Merrimack Valley Habitat for Humanity
    50 Island St
    Lawrence,MA01840     		None Public Charity Operating 10,000
    Mil Milagros Goulston
    400 Atlantic Ave c/o Goulston
    Boston,MA02110     		None Public Charity Operating 3,000
    MIT Hobby Shop
    77 Massachusetts Ave
    Cambridge,MA02139     		None Public Charity Operating 2,500
    Mother Caroline Academy and Education Center
    515 Blue Hill Ave
    Dorchester,MA02121     		None Public Charity Shining Star After School Program 10,000
    Museum of Fine Arts Boston
    465 Huntington Ave
    Boston,MA02115     		None Public Charity Operating 5,000
    Neighborhood House Charter School
    21 Queen St
    Dorchester,MA02122     		None Public Charity Creative Arts Program 20,000
    New Bedford Whaling Museum
    18 Johnny Cake Hill
    New Bedford,MA02740     		None Public Charity Museum Access for Boston Youth 18,000
    New England Aquarium
    Central Wharf
    Boston,MA02110     		None Public Charity Education Programs 27,000
    Northeastern University
    135 Richards Hall
    Boston,MA02115     		None Public Charity Balfour Program 15,000
    Old Sturbridge Village
    1 Old Sturbridge Village Rd
    Sturbridge,MA01566     		None Public Charity Leveling the Playing Field Program 20,000
    Planned Parenthood League of MA
    1055 Commonwealth Ave
    Boston,MA02215     		None Public Charity Get Real Program 20,000
    Plimoth Plantation
    PO Box 1620
    Plymouth,MA02362     		None Public Charity Foundations for Kids 15,000
    ROCA
    101 Park St
    Chelsea,MA02150     		None Public Charity Youth Star Program 20,000
    Save the Harbor Save the Bay
    212 Northern Ave Ste 304 West
    Boston,MA02210     		None Public Charity Youth Environmental Education Program 18,000
    Simmons College
    300 The Fenway
    Boston,MA02115     		None Public Charity Scholarship 20,000
    Sociedad Latina
    1530 Tremont St
    Boston,MA02120     		None Public Charity Music Clubhouse Program 12,000
    Squash Busters
    795 Columbus Ave
    Roxbury Crossing,MA02120     		None Public Charity After School Enrichment Program 7,000
    Strong Women Strong Girls
    727 Atlantic Ave 3rd Fl
    Boston,MA02110     		None Public Charity Operating 10,000
    Techmission Inc
    31 Torrey St Ste 1
    Boston,MA02124     		None Public Charity Operating 5,000
    Teen Voices
    80 Summer St Ste 300
    Boston,MA02110     		None Public Charity Operating 15,000
    Tenacity Inc
    367 Western Ave 2nd Fl
    Boston,MA02135     		None Public Charity Operating 10,000
    The City School
    614 Columbia Rd
    Dorchester Lower,MA02125     		None Public Charity Operating 6,000
    The Community Art Center Inc
    119 Windsor St
    Cambridge,MA02139     		None Public Charity Operating 7,000
    The Food Project
    10 Lewis St
    Lincoln,MA01773     		None Public Charity Local Youth Programs 10,000
    Thompson Island Outward Bound
    PO Box 127
    Boston,MA02127     		None Public Charity Connections 10,000
    Trinity Education for Excellence Program
    206 Clarendon St
    Boston,MA02116     		None Public Charity Excellence Program 10,000
    Trustees of Reservation Westport Land Trust
    PO Box 3975
    Westport,MA02790     		None Public Charity Operating 15,000
    Unitarian Universalist Urban Ministry
    10 Putnam St
    Roxbury Crossing,MA02119     		None Public Charity Roxbury Youth Programs 10,000
    United South End Settlements
    566 Columbus Ave
    Boston,MA02110     		None Public Charity Childrens' Art Center 15,000
    Upham's Corner Community Center
    500 Columbia Rd
    Dorchester,MA02125     		None Public Charity Youth Workforce Program 17,000
    Wheelock College
    200 The Riverway
    Boston,MA02215     		None Public Charity Scholarship 20,000
    Winsor School
    Pilgrim Rd
    Boston,MA02215     		None Public Charity Scholarship & Homework Project 10,000
    Zumix
    202 Maverick St
    Boston,MA02128     		None Public Charity Hands-On Youth Development Program 15,000
    Total .................................bullet 3a 1,311,000
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 500  
    4 Dividends and interest from securities....     14 573,694  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 -914,293  
    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 -340,099 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-340,099
    (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:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 7,200 0   0

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Name of Stock End of Year Book Value End of Year Fair Market Value
    4900 Abbott Laboratories 234,759 234,759
    3000 Air Prod & Chemical 272,850 272,850
    1300 Amazon. Com 234,000 234,000
    4000 American Express Co 171,680 171,680
    4900 Apache Corp 584,227 584,227
    800 Apple Inc 258,048 258,048
    7100 Axis Capital Hldgs 254,748 254,748
    5200 Baxter Intl 263,224 263,224
    2000 Borg Warner Inc 144,720 144,720
    8000 Brookfield Asset Mgmnt 266,320 266,320
    2000 CH Robinson Worldwide 160,380 160,380
    11900 CISCO Systems 240,737 240,737
    6600 CVS Caremark 229,482 229,482
    2500 Caterpillar 234,150 234,150
    2900 Celgene Corp 171,506 171,506
    4100 Chevron Corp 374,125 374,125
    3600 Conocophillips 245,160 245,160
    7200 Danaher Corp 339,624 339,624
    5475 Darden Restaurants 254,259 254,259
    3800 Dover Corp 222,110 222,110
    6000 Eaton Vance 181,380 181,380
    4700 Ecolab 236,974 236,974
    6400 Encana 186,368 186,368
    3000 Enstar Group 253,740 253,740
    6800 Express Scripts 367,540 367,540
    4000 Exxon Mobil Corp 292,480 292,480
    1000 Factset Resh Systems Inc 93,760 93,760
    3700 Fluor Corp 245,162 245,162
    10000 General Electric Co 182,900 182,900
    2100 Genzyme Corp 149,520 149,520
    630 Google 374,201 374,201
    2600 HCC Ins Hldgs 75,244 75,244
    3500 HSBC Holdings 178,640 178,640
    2750 Homefed Corp 59,950 59,950
    1800 IBM Corp 264,168 264,168
    2500 IHS Inc 200,975 200,975
    3000 Intuit 147,900 147,900
    1600 Illumina Inc 101,344 101,344
    5900 JP Morgan Chase 250,278 250,278
    3200 Johnson & Johnson 197,920 197,920
    5000 Kraft Food 157,550 157,550
    2300 Laboratory Corp Amer Hldg 202,216 202,216
    10500 Leucadia Natl Corp 306,390 306,390
    5800 Lowes Companies 145,464 145,464
    7100 Merck & Co 255,884 255,884
    5300 Metlife Inc 235,532 235,532
    8000 Metabolix Inc 97,360 97,360
    6500 Microsoft Corp 181,415 181,415
    10000 Molex Inc 188,700 188,700
    8700 Nalco Holding Co 277,878 277,878
    1500 Nike 128,130 128,130
    7600 Noble Corp 271,852 271,852
    2000 Northern Tr Corp 110,820 110,820
    4000 PNC Financial Services 242,880 242,880
    4600 Pepsico 300,518 300,518
    5100 Plains Expl & Prodtn 163,914 163,914
    2700 Qualcomm Inc 133,623 133,623
    2000 Renaissancere Hldgs 127,380 127,380
    8500 Roper Inds 649,655 649,655
    1400 SPX Corporation 100,086 100,086
    7800 Schlumberger Ltd 651,300 651,300
    3000 St. Jude Med Inc 128,250 128,250
    9963 Standard Chartered Plc 269,071 269,071
    2700 Stryker Corp 144,990 144,990
    8000 Teva Pharmaceutical 417,040 417,040
    3000 Ultra Pete 143,310 143,310
    3500 United Parcel Service 254,030 254,030
    3800 United Technologies 299,136 299,136
    2775 Visa Inc 195,304 195,304
    3100 Waters Corp 240,901 240,901
    9560 Wisdomtree Emerging Mkt 521,020 521,020
    2700 Yum Brands 132,435 132,435
    7760 Ishares Energing Markets 369,702 369,702
    8330 Ishares FTSE Xinhau HK 358,940 358,940
    5965 Ishares MSCI So Korea Index 364,998 364,998
    30250 Ishares Midcap 400 Index 2,743,373 2,743,373
    3000 Ishares S&P Latin Amer 161,580 161,580
    26800 Ishares S&P Small Cap 600 1,834,996 1,834,996
    32345 Ishares MSCI Germany Index 774,339 774,339
    158407.658 Mellon Emerging Mkt 1,875,546 1,875,546
    297533.324 Standish Mellon Fixed 6,161,915 6,161,915
    9895 Vanguard European ETF 485,746 485,746

    TY 2010 OtherExpensesSchedule
    Name:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Grants Management 8,388 0   0
    Membership Dues 20,880 0   0
    Office and Misc. 2,504 0   0


    TY 2010 OtherIncreasesSchedule
    Name:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Description Amount
    Revaluation of Securities to Market Value 4,343,098


    TY 2010 OtherLiabilitiesSchedule
    Name:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Federal Excise Taxes 14,094 100,955


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees 119,521 119,521   0


    TY 2010 TaxesSchedule
    Name:
    William E Schrafft & Bertha E Schrafft
    Charitable Trust
    EIN: 04-6065605
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Increase in Deferred Taxes 86,862 0   0
    MA Filing Fee 250 0   0
    Foreign Taxes Withheld 3,299 3,299   0